# EDGAR Filing Document

**Accession Number:** 0000809173
**File Stem:** 0001683863-25-005367
**Filing Date:** 2025-6
**Character Count:** 310459
**Document Hash:** db5471f2eb0dde9705b4878ccb83cb8f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001683863-25-005367.hdr.sgml**: 20250625

**ACCESSION NUMBER**: 0001683863-25-005367

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 18

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250625

**DATE AS OF CHANGE**: 20250625

**EFFECTIVENESS DATE**: 20250625

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MFS MULTIMARKET INCOME TRUST
- **CENTRAL INDEX KEY:** 0000809173

**ORGANIZATION NAME:**
- **EIN:** 046562226
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04975
- **FILM NUMBER:** 251073378

**BUSINESS ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **STREET 2:** 24TH FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199
- **BUSINESS PHONE:** 18006372929

**MAIL ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **STREET 2:** 24TH FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MFS HIGH YIELD MARKETS TRUST
- **DATE OF NAME CHANGE:** 19870204

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

**FORM N-CSR**

**CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES**

<u>Investment Company Act file number 811-04975</u>

**MFS MULTIMARKET INCOME TRUST**

(Exact name of registrant as specified in charter)

**<u>111 Huntington Avenue, Boston, Massachusetts 02199</u> (Address of principal executive offices) (Zip code)**

**Christopher R. Bohane**

**Massachusetts Financial Services Company**

**111Huntington Avenue <u>Boston, Massachusetts 02199</u>**

**(Name and address of agents for service)**

Registrant's telephone number, including area code: (617) 954-5000

Date of fiscal year end: October 31

Date of reporting period: April 30, 2025

**ITEM 1. REPORTS TO STOCKHOLDERS.**

Item 1(a):

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![](img4a545eb01.gif)

#### Semiannual Report
April 30, 2025

MFS<sup>®</sup> Multimarket

Income Trust

![](img95dc56802.gif)

MMT-SEM

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#### MANAGED DISTRIBUTION POLICY DISCLOSURE
The MFS Multimarket Income Trust's (the fund) Board of Trustees adopted a managed distribution policy. The fund seeks to pay monthly distributions based on an annual rate of 8.00% of the fund's average monthly net asset value. The primary purpose of the managed distribution policy is to provide shareholders with a constant, but not guaranteed, fixed rate of distribution each month. You should not draw any conclusions about the fund's investment performance from the amount of the current distribution or from the terms of the fund's managed distribution policy. The Board may amend or terminate the managed distribution policy at any time without prior notice to fund shareholders. The amendment or termination of the managed distribution policy could have an adverse effect on the market price of the fund's shares.

With each distribution, the fund will issue a notice to shareholders and an accompanying press release which will provide detailed information regarding the amount and composition of the distribution and other related information. The amounts and sources of distributions reported in the notice to shareholders are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes. Please refer to "Tax Matters and Distributions" under Note 2 of the Notes to Financial Statements for information regarding the tax character of the fund's distributions.

Under a managed distribution policy the fund may at times distribute more than its net investment income and net realized capital gains; therefore, a portion of your distribution may result in a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the fund is paid back to you. Any such returns of capital will decrease the fund's total assets and, therefore, could have the effect of increasing the fund's expense ratio. In addition, in order to make the level of distributions called for under its managed distribution policy, the fund may have to sell portfolio securities at a less than opportune time. A return of capital does not necessarily reflect the fund's investment performance and should not be confused with 'yield' or 'income'. The fund's total return in relation to changes in net asset value is presented in the Financial Highlights.

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MFS<sup>®</sup> Multimarket

Income Trust

New York Stock Exchange Symbol: **MMT**

---

| | |
|:---|:---|
| [Portfolio composition](#xx_320724d7-b52e-47d2-87d2-0d958475f4f5_1)<br>| 1 |
| [Portfolio managers' profiles](#xx_3c1b98f4-7957-41d3-bca4-8e320de9f133_1)<br>| 4 |
| [Other notes](#xx_3c1b98f4-7957-41d3-bca4-8e320de9f133_2)<br>| 5 |
| [Portfolio of investments](#xx_7055cfef-563a-4c35-9af9-047416dd0073_1)<br>| 6 |
| [Statement of assets and liabilities](#xx_4cf37ddf-67ee-4709-95db-4fa7695190c2_1)<br>| 40 |
| [Statement of operations](#xx_4cf37ddf-67ee-4709-95db-4fa7695190c2_3)<br>| 42 |
| [Statements of changes in net assets](#xx_4cf37ddf-67ee-4709-95db-4fa7695190c2_5)<br>| 44 |
| [Statement of cash flows](#xx_4cf37ddf-67ee-4709-95db-4fa7695190c2_6)<br>| 45 |
| [Financial highlights](#xx_926a315d-693e-4e0a-a251-7e0c19371fc5_1)<br>| 46 |
| [Notes to financial statements](#xx_6b9efe14-8887-4c41-ba96-aabfb3c8c970_1)<br>| 48 |
| [Report of independent registered public accounting firm](#xx_98b17ef9-b894-4166-b1c9-e8b8a774a6f4_1)<br>| 63 |
| [Proxy voting policies and information](#xx_ea023772-1edd-411c-b564-4b80a9bf3534_1)<br>| 64 |
| [Quarterly portfolio disclosure](#xx_ea023772-1edd-411c-b564-4b80a9bf3534_1)<br>| 64 |
| [Further information](#xx_ea023772-1edd-411c-b564-4b80a9bf3534_1)<br>| 64 |
| [Information about fund contracts and legal claims](#xx_ea023772-1edd-411c-b564-4b80a9bf3534_1)<br>| 64 |

---

---

| | |
|:---|:---|
| [Contact information](#xx_11082e0d-28e5-483e-9bc6-a3d64e50fc82_4)<br>| back cover |

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NOT FDIC INSURED • MAY LOSE VALUE • NO BANK GUARANTEE

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[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

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[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

Portfolio Composition

#### Portfolio structure at value (v)
![](img8f070add3.jpg)

#### Portfolio structure reflecting equivalent exposure of derivative positions (i)
![](img3e51009b4.jpg)

#### Fixed income sectors (i)

---

| | |
|:---|:---|
| High Yield Corporates | 58.8% |
| Investment Grade Corporates | 37.7% |
| Emerging Markets Bonds | 20.3% |
| Commercial Mortgage-Backed Securities | &nbsp;&nbsp;1.5% |
| Collateralized Loan Obligations | &nbsp;&nbsp;1.4% |
| Asset-Backed Securities | &nbsp;&nbsp;0.7% |
| Municipal Bonds | &nbsp;&nbsp;0.5% |
| Residential Mortgage-Backed Securities | &nbsp;&nbsp;0.3% |
| U.S. Treasury Securities | (3.6)% |
| Non-U.S. Government Bonds | (7.2)% |

---

#### Portfolio facts
<u>Average Duration (d) </u> <u>5.6 </u> <br> <u>Average Effective Maturity (m) </u> <u>7.2 yrs. </u>

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[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

Portfolio Composition - continued

#### Composition including fixed income credit quality (a)(i)

---

| | |
|:---|:---|
| AAA | &nbsp;&nbsp;&nbsp;4.5% |
| AA | &nbsp;&nbsp;&nbsp;3.8% |
| A | &nbsp;&nbsp;16.0% |
| BBB | &nbsp;&nbsp;31.2% |
| BB | &nbsp;&nbsp;36.3% |
| B | &nbsp;&nbsp;26.3% |
| CCC | &nbsp;&nbsp;&nbsp;7.8% |
| CC | &nbsp;&nbsp;&nbsp;0.5% |
| C (o) | &nbsp;&nbsp;&nbsp;0.0% |
| U.S. Government | &nbsp;&nbsp;&nbsp;5.3% |
| Not Rated | (21.3)% |
| Non-Fixed Income | &nbsp;&nbsp;&nbsp;0.1% |
| Cash & Cash Equivalents<br> (Less Liabilities) (b) | (33.8)% |
| Other (q) | &nbsp;&nbsp;23.3% |

---

(a) For all securities other than those specifically described below, ratings are assigned to underlying securities utilizing ratings from Moody's, Fitch, and Standard &
Poor's rating agencies and applying the following hierarchy: If all three agencies provide a rating, the middle rating (after dropping the highest and lowest ratings) is assigned; if two of the three agencies
rate a security, the lower of the two is assigned. If none of the 3 rating agencies above assign a rating, but the security is rated by DBRS Morningstar, then the DBRS Morningstar rating is assigned. If none of the 4
rating agencies listed above rate the security, but the security is rated by the Kroll Bond Rating Agency (KBRA), then the KBRA rating is assigned. Ratings are shown in the S&P and Fitch scale (e.g., AAA).
Securities rated BBB or higher are considered investment grade. All ratings are subject to change. U.S. Government includes securities issued by the U.S. Department of the Treasury. Not Rated includes fixed income
securities and fixed income derivatives that have not been rated by any rating agency.

Non-Fixed Income includes equity securities (including convertible bonds and equity derivatives), ETFs and Options on ETFs, and/or commodity-linked derivatives. The fund may or may not have held all of these instruments on this date. The fund is not rated by these agencies.

(b) Cash & Cash Equivalents (Less Liabilities) includes any cash, investments in money market funds, short-term securities, and other assets less liabilities. Liabilities include the
value of outstanding borrowings made by the fund for leverage transactions. Cash & Cash Equivalents (Less Liabilities) is negative due to these borrowings. Please see the Statement of Assets and Liabilities for
additional information related to the fund's cash position and other assets and liabilities. Please see Note 6 in the Notes to Financial Statements for more information on the fund's outstanding borrowings.

(d) Duration is a measure of how much a bond's price is likely to fluctuate with general changes in interest rates, e.g., if rates rise 1.00%, a bond with a 5-year duration is
likely to lose about 5.00% of its value due to the interest rate move. The Average Duration calculation reflects the impact of the equivalent exposure of derivative positions, if any.

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[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

Portfolio Composition - continued

(i) For purposes of this presentation, the components include the value of securities, and reflect the impact of the equivalent exposure of derivative positions, if any. These amounts may
be negative from time to time. Equivalent exposure is a calculated amount that translates the derivative position into a reasonable approximation of the amount of the underlying asset that the portfolio would have to
hold at a given point in time to have the same price sensitivity that results from the portfolio's ownership of the derivative contract. When dealing with derivatives, equivalent exposure is a more
representative measure of the potential impact of a position on portfolio performance than value. The bond component will include any accrued interest amounts.

(m) In determining each instrument's effective maturity for purposes of calculating the fund's dollar-weighted average effective maturity, MFS uses the instrument's
stated maturity or, if applicable, an earlier date on which MFS believes it is probable that a maturity-shortening feature (such as a put, pre-refunding or prepayment) will cause the instrument to be repaid. Such an
earlier date can be substantially shorter than the instrument's stated maturity.

(o) Less than 0.1%.

(p) For purposes of the presentation of Portfolio structure at value, Other includes market value from currency derivatives and may be negative.

(q) For purposes of this presentation, Other includes equivalent exposure from currency derivatives and/or any offsets to derivative positions and may be negative.

(v) For purposes of this presentation, market value of fixed income and/or equity derivatives, if any, is included in Cash & Cash Equivalents (Less Liabilities).

Where the fund holds convertible bonds, they are treated as part of the equity portion of the portfolio.

Percentages are based on net assets as of April 30, 2025.

The portfolio is actively managed and current holdings may be different.

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[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

### Portfolio Managers' Profiles

---

| | | | |
|:---|:---|:---|:---|
| **Portfolio Manager** | **Primary Role** | **Since** | **Title and Five Year History** |
| Robert Spector | Lead Portfolio Manager | 2017 | Investment Officer of MFS; employed in the investment management area of MFS since 2011. |
| Neeraj Arora | Emerging Markets Debt Instruments Portfolio Manager | 2023 | Investment Officer of MFS; employed in the investment management area of MFS since 2011. |
| Ward Brown | Emerging Markets Debt Instruments Portfolio Manager | 2012 | Investment Officer of MFS; employed in the investment management area of MFS since 2005. |
| David Cole | Below Investment Grade Debt Instruments Portfolio Manager | 2006 | Investment Officer of MFS; employed in the investment management area of MFS since 2004. |
| Pilar Gomez-Bravo | Debt Instruments Portfolio Manager | 2013 | Co-Chief Investment Officer-Global Fixed Income of MFS; employed in the investment management area of MFS since 2013. |
| Andy Li | Investment Grade Debt Instruments Portfolio Manager | 2019 | Investment Officer of MFS; employed in the investment management area of MFS since 2018. |
| John Mitchell | Investment Grade Debt Instruments Portfolio Manager | 2023 | Investment Officer of MFS; employed in the investment management area of MFS since 2003. |
| Michael Skatrud | Below Investment Grade Debt Instruments Portfolio Manager | 2018 | Investment Officer of MFS; employed in the investment management area of MFS since 2013. |

---

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[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

### Other Notes
The fund's shares may trade at a discount or premium to net asset value. When fund shares trade at a premium, buyers pay more than the net asset value of the underlying fund shares, and shares purchased at a premium would receive less than the amount paid for them in the event of the fund's concurrent liquidation.

The fund's target annual distribution rate is calculated based on an annual rate of 8.00% of the fund's average monthly net asset value, not a fixed share price, and the fund's distribution amount will fluctuate with changes in the fund's average monthly net assets.

In accordance with Section 23(c) of the Investment Company Act of 1940, the fund hereby gives notice that it may from time to time repurchase shares of the fund in the open market at the option of the Board of Trustees and on such terms as the Trustees shall determine.

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[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

### Portfolio of Investments
4/30/25 (unaudited)

The Portfolio of Investments is a complete list of all securities owned by your fund. It is categorized by broad-based asset classes.

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;**Value ($)** |
| Bonds – 132.1% | Bonds – 132.1% | Bonds – 132.1% |
| Aerospace & Defense – 2.5% | Aerospace & Defense – 2.5% | Aerospace & Defense – 2.5% |
| Axon Enterprise, Inc., 6.125%, 3/15/2030 (n) | $&nbsp;&nbsp;494000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$502597 |
| Boeing Co., 6.388%, 5/01/2031 | &nbsp;&nbsp;134000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142987 |
| Boeing Co., 5.805%, 5/01/2050 | 1213000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1136961 |
| Bombardier, Inc., 7.5%, 2/01/2029 (n) | &nbsp;&nbsp;314000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;323449 |
| Bombardier, Inc., 8.75%, 11/15/2030 (n) | &nbsp;&nbsp;238000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;255020 |
| Bombardier, Inc., 7.25%, 7/01/2031 (n) | &nbsp;&nbsp;252000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;258011 |
| Bombardier, Inc., 7%, 6/01/2032 (n) | &nbsp;&nbsp;253000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;255968 |
| F-Brasile S.p.A./F-Brasile U.S. LLC, 7.375%, 8/15/2026 (n) | &nbsp;&nbsp;405000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;404028 |
| Huntington Ingalls Industries, Inc., 4.2%, 5/01/2030 | &nbsp;&nbsp;230000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;221965 |
| Huntington Ingalls Industries, Inc., 5.749%, 1/15/2035 | &nbsp;&nbsp;286000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;291429 |
| Moog, Inc., 4.25%, 12/15/2027 (n) | &nbsp;&nbsp;459000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;442775 |
| TransDigm, Inc., 5.5%, 11/15/2027 | &nbsp;&nbsp;464000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;461791 |
| TransDigm, Inc., 6.75%, 8/15/2028 (n) | &nbsp;&nbsp;309000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;315209 |
| TransDigm, Inc., 4.625%, 1/15/2029 | &nbsp;&nbsp;554000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;532855 |
| TransDigm, Inc., 6.375%, 3/01/2029 (n) | &nbsp;&nbsp;302000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;307651 |
| TransDigm, Inc., 6.875%, 12/15/2030 (n) | &nbsp;&nbsp;861000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;887134 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6739830 |
| Apparel Manufacturers – 0.2% | Apparel Manufacturers – 0.2% | Apparel Manufacturers – 0.2% |
| LVMH Moet Hennessy Louis Vuitton SE, 2.625%, 3/07/2029 (w) | &nbsp;&nbsp;400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$453100 |
| Asset-Backed & Securitized – 3.9% | Asset-Backed & Securitized – 3.9% | Asset-Backed & Securitized – 3.9% |
| 3650R Commercial Mortgage Trust, 2021-PF1, "XA", 1.113%, 11/15/2054 (i) | $3666126 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$147184 |
| AA Bond Co. Ltd., 6.85%, 7/31/2050 | &nbsp;&nbsp;220000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300824 |
| AmeriCredit Automobile Receivables Trust, 2024-1, "A", 5.61%, 1/12/2027 (n) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1990 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1991 |
| Angel Oak Mortgage Trust, 2024-13, "A1", 5.464%, 12/26/2069 (n) | &nbsp;&nbsp;301010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300938 |
| Arbor Realty Trust, Inc., CLO, 2022-FL1, "D", FLR, 7.345% (SOFR - 30 day + 3%), 1/15/2037 (n) | &nbsp;&nbsp;600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;599399 |
| AREIT 2022-CRE6 Trust, "D", FLR, 7.2% (SOFR - 30 day + 2.85%), 1/20/2037 (n) | &nbsp;&nbsp;126000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125419 |
| ARI Fleet Lease Trust, 2023-B, "A2", 6.05%, 7/15/2032 (n) | &nbsp;&nbsp;&nbsp;&nbsp;60775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61252 |
| Bain Capital Credit CLO Ltd., 2021-7A, "BR", FLR, 5.772% (SOFR - 3mo. + 1.5%), 1/22/2035 (n) | &nbsp;&nbsp;390025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;384819 |
| Bayview Financial Revolving Mortgage Loan Trust, FLR, 6.034% ((SOFR - 1mo. + 0.11448%) + 1.6%), 12/28/2040 (n) | &nbsp;&nbsp;223448 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;435218 |

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[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Asset-Backed & Securitized – continued | Asset-Backed & Securitized – continued | Asset-Backed & Securitized – continued |
| BBCMS Mortgage Trust, 2020-C7, "XA", 1.711%, 4/15/2053 (i) | $&nbsp;&nbsp;955945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$48120 |
| BBCMS Mortgage Trust, 2021-C10, "XA", 1.334%, 7/15/2054 (i) | &nbsp;&nbsp;918577 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49975 |
| BBCMS Mortgage Trust, 2021-C9, "XA", 1.704%, 2/15/2054 (i) | 6411165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;447351 |
| Benchmark 2021-B23 Mortgage Trust, "XA", 1.363%, 2/15/2054 (i) | 3996067 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;207462 |
| Benchmark 2021-B24 Mortgage Trust, "XA", 1.254%, 3/15/2054 (i) | 2028680 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89303 |
| Benchmark 2021-B26 Mortgage Trust, "XA", 0.994%, 6/15/2054 (i) | 7085503 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;255283 |
| Benchmark 2021-B27 Mortgage Trust, "XA", 1.35%, 7/15/2054 (i) | 6933296 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;376865 |
| Benchmark 2022-B36 Mortgage Trust, "XA", 0.809%, 7/15/2055 (i) | 8708503 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;367833 |
| BSPRT 2021-FL7 Issuer Ltd., "C", FLR, 6.736% ((SOFR - 1mo. + 0.11448%) + 2.3%), 12/15/2038 (n) | &nbsp;&nbsp;100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98966 |
| Business Jet Securities LLC, 2024-1A, "B", 6.924%, 5/15/2039 (n) | &nbsp;&nbsp;&nbsp;&nbsp;85093 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86153 |
| Business Jet Securities LLC, 2024-2A, "A", 5.364%, 9/15/2039 (n) | &nbsp;&nbsp;144545 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143540 |
| CF Hippolyta Issuer LLC, 2020-1, "B1", 2.28%, 7/15/2060 (n) | &nbsp;&nbsp;&nbsp;&nbsp;89945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88552 |
| Chesapeake Funding II LLC, 2023-1A, "A1", 5.65%, 5/15/2035 (n) | &nbsp;&nbsp;&nbsp;&nbsp;99305 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99879 |
| Colt Funding LLC, 2024-1, "A2", 5.987%, 2/25/2069 (n) | &nbsp;&nbsp;100549 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100738 |
| Colt Funding LLC, 2024-6, "A1", 5.39%, 11/25/2069 (n) | &nbsp;&nbsp;252796 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;253258 |
| Commercial Mortgage Pass-Through Certificates, 2021-BN32, "XA", 0.872%, 4/15/2054 (i) | 3591613 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116593 |
| Crest Ltd., CDO, 7% (0.001% Cash or 7% PIK), 1/28/2040 (a)(p) | 4586320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46 |
| ELM Trust, 2024-ELM, "D10", 6.626%, 6/10/2039 (n) | &nbsp;&nbsp;100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100615 |
| Enterprise Fleet Financing 2024-3 LLC, "A2", 5.31%, 4/20/2027 (n) | &nbsp;&nbsp;&nbsp;&nbsp;94843 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95157 |
| EQT Trust, 2024-EXTR, "B", 5.654%, 7/05/2041 (n) | &nbsp;&nbsp;169941 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172068 |
| LoanCore 2021-CRE5 Ltd., "B", FLR, 6.436% ((SOFR - 1mo. + 0.11448%) + 2.0%), 7/15/2036 (n) | &nbsp;&nbsp;464500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;462367 |
| LoanCore 2025-CRE8 Ltd., "B", FLR, 6.169% (SOFR - 1mo. + 1.8412%), 8/17/2042 (n) | &nbsp;&nbsp;300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;294742 |
| M&T Bank Auto Receivables Trust, 2025-1, "A-2A", 4.63%, 5/15/2028 (n) | &nbsp;&nbsp;176000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176158 |

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------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Asset-Backed & Securitized – continued | Asset-Backed & Securitized – continued | Asset-Backed & Securitized – continued |
| MF1 2021-FL5 Ltd., "C", FLR, 6.142% ((SOFR - 1mo. + 0.11448%) + 1.7%), 7/15/2036 (n) | $&nbsp;&nbsp;401500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$399928 |
| MF1 2021-FL5 Ltd., "D", FLR, 6.943% ((SOFR - 1mo. + 0.11448%) + 2.5%), 7/15/2036 (n) | &nbsp;&nbsp;745000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;741833 |
| MF1 2021-FL6 Ltd., "B", FLR, 6.084% ((SOFR - 1mo. + 0.11448%) + 1.65%), 7/16/2036 (n) | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;981261 |
| MF1 2024-FL14 LLC, "A", FLR, 6.056% (SOFR - 1mo. + 1.737%), 3/19/2039 (n) | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200208 |
| MF1 2024-FL14 LLC, "AS", FLR, 6.56% (SOFR - 1mo. + 2.24%), 3/19/2039 (n) | &nbsp;&nbsp;100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100124 |
| MF1 2024-FL14 LLC, "B", FLR, 7.009% (SOFR - 1mo. + 2.689%), 3/19/2039 (n) | &nbsp;&nbsp;328594 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;329334 |
| Morgan Stanley Capital I Trust, 2021-L5, "XA", 1.402%, 5/15/2054 (i) | 1805830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92585 |
| Morgan Stanley Capital I Trust, 2021-L6, "XA", 1.288%, 6/15/2054 (i) | 2656390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119919 |
| Navistar Financial Dealer Note Master Owner Trust, 2023-1, "A", 6.18%, 8/25/2028 (n) | &nbsp;&nbsp;239000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;239950 |
| Navistar Financial Dealer Note Master Owner Trust, 2023-1, "B", 6.48%, 8/25/2028 (n) | &nbsp;&nbsp;&nbsp;&nbsp;56000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56222 |
| OBX Trust, 2024-NQM1, "A1", 5.928%, 11/25/2063 (n) | &nbsp;&nbsp;&nbsp;&nbsp;91086 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91392 |
| OBX Trust, 2024-NQM1, "A2", 6.253%, 11/25/2063 (n) | &nbsp;&nbsp;&nbsp;&nbsp;75802 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76157 |
| TPG Real Estate Finance, 2021-FL4, "B", FLR, 6.292% ((SOFR - 1mo. + 0.11448%) + 1.85%), 3/15/2038 (n) | &nbsp;&nbsp;340000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;338467 |
| Wells Fargo Commercial Mortgage Trust, 2021-C59, "XA", 1.628%, 4/15/2054 (i) | 2268927 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145038 |
| Wells Fargo Commercial Mortgage Trust, 2021-C60, "XA", 1.619%, 8/15/2054 (i) | 1926535 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130069 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$10530555 |
| Automotive – 1.3% | Automotive – 1.3% | Automotive – 1.3% |
| Adient Global Holdings Ltd., 7.5%, 2/15/2033 (n) | $&nbsp;&nbsp;248000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$234999 |
| Allison Transmission, Inc., 3.75%, 1/30/2031 (n) | &nbsp;&nbsp;906000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;813939 |
| Dealer Tire LLC/DT Issuer LLC, 8%, 2/01/2028 (n) | &nbsp;&nbsp;404000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;391913 |
| Dornoch Debt Merger Sub, Inc., 6.625%, 10/15/2029 (n) | &nbsp;&nbsp;555000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;383548 |
| Ford Motor Co., 6.1%, 8/19/2032 | &nbsp;&nbsp;&nbsp;&nbsp;65000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62344 |
| Ford Motor Credit Co. LLC, 6.95%, 6/10/2026 | &nbsp;&nbsp;281000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;283947 |
| Ford Motor Credit Co. LLC, 5.8%, 3/08/2029 | &nbsp;&nbsp;400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;392721 |
| Hyundai Capital America, 6.375%, 4/08/2030 (n) | &nbsp;&nbsp;228000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;238381 |
| Real Hero Merger Sub 2, Inc., 6.25%, 2/01/2029 (n) | &nbsp;&nbsp;422000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;314818 |
| Wabash National Corp., 4.5%, 10/15/2028 (n) | &nbsp;&nbsp;543000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;457280 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3573890 |

---

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Broadcasting – 1.3% | Broadcasting – 1.3% | Broadcasting – 1.3% |
| Banijay Group S.A.S., 8.125%, 5/01/2029 (n) | $&nbsp;&nbsp;600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$614883 |
| Discovery Communications LLC, 4.125%, 5/15/2029 | &nbsp;&nbsp;127000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118743 |
| Gray Media, Inc., 10.5%, 7/15/2029 (n) | &nbsp;&nbsp;197000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;202217 |
| Midas OpCo Holdings LLC, 5.625%, 8/15/2029 (n) | &nbsp;&nbsp;543000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;512385 |
| Prosus N.V., 3.061%, 7/13/2031 (n) | &nbsp;&nbsp;325000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;280565 |
| Sinclair Television Group, Inc., 8.125%, 2/15/2033 (n) | &nbsp;&nbsp;448000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;443457 |
| Univision Communications, Inc., 8%, 8/15/2028 (n) | &nbsp;&nbsp;304000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;295290 |
| Univision Communications, Inc., 8.5%, 7/31/2031 (n) | &nbsp;&nbsp;548000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;517464 |
| WarnerMedia Holdings, Inc., 4.279%, 3/15/2032 | &nbsp;&nbsp;131000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112173 |
| WMG Acquisition Corp., 3.75%, 12/01/2029 (n) | &nbsp;&nbsp;213000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;196943 |
| WMG Acquisition Corp., 3.875%, 7/15/2030 (n) | &nbsp;&nbsp;236000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;217020 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3511140 |
| Brokerage & Asset Managers – 2.2% | Brokerage & Asset Managers – 2.2% | Brokerage & Asset Managers – 2.2% |
| AG TTMT Escrow Issuer LLC, 8.625%, 9/30/2027 (n) | $&nbsp;&nbsp;620000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$638648 |
| Aretec Escrow Issuer 2, Inc., 10%, 8/15/2030 (n) | &nbsp;&nbsp;505000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;543760 |
| Aretec Escrow Issuer, Inc., 7.5%, 4/01/2029 (n) | &nbsp;&nbsp;214000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;209230 |
| Charles Schwab Corp., 6.136% to 8/24/2033, FLR (SOFR - 1 day + 2.01%) to 8/24/2034 | &nbsp;&nbsp;576000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;612025 |
| Hightower Holding LLC, 6.75%, 4/15/2029 (n) | &nbsp;&nbsp;371000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;354750 |
| Hightower Holding LLC, 9.125%, 1/31/2030 (n) | &nbsp;&nbsp;224000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;229040 |
| Jane Street Group/JSG Finance, Inc., 6.125%, 11/01/2032 (n) | 1445000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1420261 |
| Low Income Investment Fund, 3.386%, 7/01/2026 | &nbsp;&nbsp;185000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;181509 |
| Low Income Investment Fund, 3.711%, 7/01/2029 | &nbsp;&nbsp;490000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;465927 |
| LPL Holdings, Inc., 4%, 3/15/2029 (n) | &nbsp;&nbsp;630000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;606426 |
| LPL Holdings, Inc., 5.65%, 3/15/2035 | &nbsp;&nbsp;332000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;328294 |
| LSEG US Financial Corp., 5.297%, 3/28/2034 (n) | &nbsp;&nbsp;272000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;276177 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5866047 |
| Building – 3.4% | Building – 3.4% | Building – 3.4% |
| ABC Supply Co., Inc., 3.875%, 11/15/2029 (n) | $&nbsp;&nbsp;427000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$394160 |
| AmeriTex Holdco Intermediate LLC, 10.25%, 10/15/2028 (n) | &nbsp;&nbsp;497000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;511978 |
| BCPE Ulysses Intermediate, Inc., 7.75% (7.75% Cash or 8.5% PIK), 4/01/2027 (n)(p) | &nbsp;&nbsp;197000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191121 |
| Cornerstone Building Brands, Inc., 6.125%, 1/15/2029 (n) | &nbsp;&nbsp;419000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;281052 |
| Cornerstone Building Brands, Inc., 9.5%, 8/15/2029 (n) | &nbsp;&nbsp;197000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;171393 |
| Crh Finance (U.K.) PLC, 4.125%, 12/02/2029 | &nbsp;&nbsp;370000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;481467 |
| Ferguson Enterprises, Inc., 5%, 10/03/2034 | $&nbsp;&nbsp;369000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;357096 |
| Foundation Building Materials LLC, 6%, 3/01/2029 (n) | &nbsp;&nbsp;610000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;514162 |
| GYP Holding III Corp., 4.625%, 5/01/2029 (n) | &nbsp;&nbsp;795000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;747609 |
| Holcim Finance US LLC, 4.95%, 4/07/2030 (n) | &nbsp;&nbsp;169000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170754 |
| Holcim Finance US LLC, 5.4%, 4/07/2035 (n) | &nbsp;&nbsp;112000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111944 |
| Knife River Corp., 7.75%, 5/01/2031 (n) | &nbsp;&nbsp;604000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;631794 |

---

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Building – continued | Building – continued | Building – continued |
| LBM Acquisition LLC, 6.25%, 1/15/2029 (n) | $369000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$323348 |
| Miter Brands Acquisition Holdco, Inc., 6.75%, 4/01/2032 (n) | 152000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152109 |
| MIWD Holdco II LLC/MIWD Finance Co., 5.5%, 2/01/2030 (n) | 604000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;544307 |
| New Enterprise Stone & Lime Co., Inc., 5.25%, 7/15/2028 (n) | 363000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;352374 |
| New Enterprise Stone & Lime Co., Inc., 9.75%, 7/15/2028 (n) | 193000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;193040 |
| Patrick Industries, Inc., 6.375%, 11/01/2032 (n) | 735000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;713559 |
| Quikrete Holdings Inc., 6.375%, 3/01/2032 (n) | 497000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;499801 |
| Standard Building Solutions, Inc., 6.5%, 8/15/2032 (n) | 312000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;315886 |
| Standard Industries, Inc., 4.75%, 1/15/2028 (n) | 338000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;330781 |
| Standard Industries, Inc., 4.375%, 7/15/2030 (n) | 522000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;486825 |
| Vulcan Materials Co., 5.7%, 12/01/2054 | 207000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197824 |
| White Cap Buyer LLC, 6.875%, 10/15/2028 (n) | 669000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;651840 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$9326224 |
| Business Services – 2.7% | Business Services – 2.7% | Business Services – 2.7% |
| Accenture Capital, Inc., 4.25%, 10/04/2031 | $311000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$307674 |
| Accenture Capital, Inc., 4.5%, 10/04/2034 | 288000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;277584 |
| ams OSRAM AG, 10.5%, 3/30/2029 | 360000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;404768 |
| athenahealth, Inc., 6.5%, 2/15/2030 (n) | $547000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;522851 |
| Engineering Ingegneria Informatica S.p.A., 11.125%, 5/15/2028 | 180000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;215240 |
| Engineering Ingegneria Informatica S.p.A., 8.625%, 2/15/2030 | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117037 |
| Euronet Worldwide, Inc., 1.375%, 5/22/2026 | 420000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;466614 |
| Experian Finance PLC, 3.51%, 12/15/2033 | 350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;397338 |
| Fiserv Funding ULC, 3.5%, 6/15/2032 (w) | 370000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;417624 |
| Fiserv, Inc., 4.4%, 7/01/2049 | $508000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;398933 |
| Global Payments, Inc., 4.875%, 3/17/2031 | 310000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;367236 |
| Iron Mountain, Inc., 4.875%, 9/15/2027 (n) | $320000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;315489 |
| Iron Mountain, Inc., 5.25%, 3/15/2028 (n) | 460000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;452912 |
| Iron Mountain, Inc., 5.625%, 7/15/2032 (n) | 421000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;408295 |
| Iron Mountain, Inc., 6.25%, 1/15/2033 (n) | 346000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;345367 |
| Mastercard, Inc., 4.55%, 1/15/2035 | 308000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300857 |
| Mastercard, Inc., 3.85%, 3/26/2050 | 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117111 |
| Paychex, Inc., 5.1%, 4/15/2030 | 151000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153259 |
| Paychex, Inc., 5.35%, 4/15/2032 | 239000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242771 |
| Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., 6.75%, 8/15/2032 (n) | 449000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;455397 |
| Visa, Inc., 3.875%, 5/15/2044 (w) | 210000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;235046 |

---

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Business Services – continued | Business Services – continued | Business Services – continued |
| Wolters Kluwer N.V., 3.375%, 3/20/2032 | &nbsp;&nbsp;300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$345166 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7264569 |
| Cable TV – 3.9% | Cable TV – 3.9% | Cable TV – 3.9% |
| Cable One, Inc., 4%, 11/15/2030 (n) | $&nbsp;&nbsp;683000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$555545 |
| CCO Holdings LLC/CCO Holdings Capital Corp., 4.75%, 3/01/2030 (n) | 1670000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1576539 |
| CCO Holdings LLC/CCO Holdings Capital Corp., 4.5%, 8/15/2030 (n) | 1164000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1080872 |
| CCO Holdings LLC/CCO Holdings Capital Corp., 4.5%, 5/01/2032 | &nbsp;&nbsp;344000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;305637 |
| CCO Holdings LLC/CCO Holdings Capital Corp., 4.25%, 1/15/2034 (n) | &nbsp;&nbsp;476000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400977 |
| Charter Communications Operating LLC/Charter Communications Operating Capital Corp., 6.1%, 6/01/2029 | &nbsp;&nbsp;581000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;601673 |
| Charter Communications Operating LLC/Charter Communications Operating Capital Corp., 4.8%, 3/01/2050 | &nbsp;&nbsp;233000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;173556 |
| CSC Holdings LLC, 5.375%, 2/01/2028 (n) | &nbsp;&nbsp;700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;611721 |
| CSC Holdings LLC, 5.75%, 1/15/2030 (n) | &nbsp;&nbsp;800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;401231 |
| CSC Holdings LLC, 4.125%, 12/01/2030 (n) | &nbsp;&nbsp;250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;171342 |
| DIRECTV Financing LLC, 8.875%, 2/01/2030 (n) | &nbsp;&nbsp;227000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;216599 |
| DIRECTV Holdings LLC / DIRECTV Financing Co., Inc., 10%, 2/15/2031 (n) | &nbsp;&nbsp;149000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141102 |
| DISH DBS Corp., 7.75%, 7/01/2026 | &nbsp;&nbsp;330000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;286837 |
| DISH DBS Corp., 5.125%, 6/01/2029 | &nbsp;&nbsp;316000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197852 |
| DISH Network Corp., 11.75%, 11/15/2027 (n) | &nbsp;&nbsp;325000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;341558 |
| EchoStar Corp., 10.75%, 11/30/2029 | &nbsp;&nbsp;497194 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;525799 |
| Videotron Ltd., 3.625%, 6/15/2029 (n) | &nbsp;&nbsp;511000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;483554 |
| Videotron Ltd., 5.7%, 1/15/2035 (n) | &nbsp;&nbsp;183000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;182054 |
| Virgin Media Finance PLC, 5%, 7/15/2030 (n) | &nbsp;&nbsp;715000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;626847 |
| Virgin Media Vendor Financing Notes IV DAC, 5%, 7/15/2028 (n) | &nbsp;&nbsp;769000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;743738 |
| Ziggo Bond Finance B.V., 5.125%, 2/28/2030 (n) | 1095000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;970743 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$10595776 |
| Chemicals – 1.5% | Chemicals – 1.5% | Chemicals – 1.5% |
| Arkema S.A., 3.5%, 9/12/2034 | &nbsp;&nbsp;300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$332536 |
| Cerdia Finanz GmbH, 9.375%, 10/03/2031 (n) | $&nbsp;&nbsp;437000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;439731 |
| Chemours Co., 4.625%, 11/15/2029 (n) | &nbsp;&nbsp;735000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;615472 |
| Chemours Co., 8%, 1/15/2033 (n) | &nbsp;&nbsp;199000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;179323 |
| Consolidated Energy Finance S.A., 6.5%, 5/15/2026 (n) | &nbsp;&nbsp;150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144589 |
| Consolidated Energy Finance S.A., 5.625%, 10/15/2028 (n) | &nbsp;&nbsp;550000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;428032 |
| DSM B.V., 3.375%, 2/25/2036 | &nbsp;&nbsp;160000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177587 |
| PPG Industries, Inc., 3.25%, 3/04/2032 | &nbsp;&nbsp;280000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;314324 |

---

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Chemicals – continued | Chemicals – continued | Chemicals – continued |
| SCIH Salt Holdings, Inc., 6.625%, 5/01/2029 (n) | $696000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$676010 |
| SNF Group SACA, 3.375%, 3/15/2030 (n) | 709000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;640958 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3948562 |
| Computer Software – 0.8% | Computer Software – 0.8% | Computer Software – 0.8% |
| Amentum Escrow Corp., 7.25%, 8/01/2032 (n) | $501000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$509636 |
| Cloud Software Group, Inc., 8.25%, 6/30/2032 (n) | 597000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;622742 |
| Microsoft Corp., 2.525%, 6/01/2050 | 529000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;327715 |
| Neptune Bidco U.S., Inc., 9.29%, 4/15/2029 (n) | 462000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;411180 |
| Oracle Corp., 4%, 7/15/2046 | 319000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;239471 |
| Sage Group PLC, 2.875%, 2/08/2034 | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109158 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2219902 |
| Computer Software - Systems – 0.8% | Computer Software - Systems – 0.8% | Computer Software - Systems – 0.8% |
| Sabre GLBL, Inc., 8.625%, 6/01/2027 (n) | $283000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$270973 |
| Sabre GLBL, Inc., 10.75%, 11/15/2029 (n) | 184000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175260 |
| SS&C Technologies Holdings, Inc., 5.5%, 9/30/2027 (n) | 855000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;850784 |
| Virtusa Corp., 7.125%, 12/15/2028 (n) | 317000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;302204 |
| Zebra Technologies Corp., "A", 6.5%, 6/01/2032 (n) | 475000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;477209 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2076430 |
| Conglomerates – 2.0% | Conglomerates – 2.0% | Conglomerates – 2.0% |
| Amsted Industries, Inc., 6.375%, 3/15/2033 (n) | $370000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$371666 |
| BWX Technologies, Inc., 4.125%, 6/30/2028 (n) | 311000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;298763 |
| BWX Technologies, Inc., 4.125%, 4/15/2029 (n) | 858000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;815796 |
| Emerald Debt Merger, 6.625%, 12/15/2030 (n) | 688000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;697707 |
| Gates Corp., 6.875%, 7/01/2029 (n) | 399000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;404837 |
| Grupo KUO S.A.B. de C.V., 5.75%, 7/07/2027 (n) | 358000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;347319 |
| Husky Injection Molding Systems Ltd., 9%, 2/15/2029 (n) | 404000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;410113 |
| Regal Rexnord Corp., 6.05%, 4/15/2028 | 667000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;684185 |
| Regal Rexnord Corp., 6.3%, 2/15/2030 | 224000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;231352 |
| SPX Flow, Inc., 8.75%, 4/01/2030 (n) | 499000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;503148 |
| Veralto Corp., 4.15%, 9/19/2031 | 273000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;319641 |
| Westinghouse Air Brake Technologies Corp., 5.611%, 3/11/2034 | $215000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;220850 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5305377 |
| Construction – 0.7% | Construction – 0.7% | Construction – 0.7% |
| Beazer Homes USA, Inc., 7.5%, 3/15/2031 (n) | $393000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$379708 |
| Empire Communities Corp., 9.75%, 5/01/2029 (n) | 556000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;542489 |
| Mattamy Group Corp., 5.25%, 12/15/2027 (n) | 108000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104909 |
| Mattamy Group Corp., 4.625%, 3/01/2030 (n) | 391000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;357685 |

---

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Construction – continued | Construction – continued | Construction – continued |
| Weekley Homes LLC/Weekley Finance Corp., 4.875%, 9/15/2028 (n) | $418000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$390954 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1775745 |
| Consumer Products – 1.9% | Consumer Products – 1.9% | Consumer Products – 1.9% |
| Acushnet Co., 7.375%, 10/15/2028 (n) | $507000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$524635 |
| Amer Sports Co., 6.75%, 2/16/2031 (n) | 569000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;575511 |
| CD&R Smokey Buyer, Inc./Radio Systems Corp., 9.5%, 10/15/2029 (n) | 396000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;339838 |
| Champ Acquisition Corp., 8.375%, 12/01/2031 (n) | 349000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;367663 |
| Kenvue, Inc., 5.05%, 3/22/2053 | 314000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;291483 |
| MajorDrive Holdings IV LLC, 6.375%, 6/01/2029 (n) | &nbsp;&nbsp;99000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72829 |
| Newell Brands, Inc., 6.375%, 5/15/2030 | 546000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;497021 |
| Newell Brands, Inc., 6.625%, 5/15/2032 | 299000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;268048 |
| Opal Bidco S.A.S., 5.5%, 3/31/2032 (n) | 240000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;270745 |
| Opal Bidco S.A.S., 6.5%, 3/31/2032 (n) | $254000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;254064 |
| Perrigo Finance Unlimited Co., 6.125%, 9/30/2032 | 698000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;692865 |
| Prestige Consumer Healthcare, Inc., 5.125%, 1/15/2028 (n) | 529000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;524597 |
| Prestige Consumer Healthcare, Inc., 3.75%, 4/01/2031 (n) | 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;451401 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5130700 |
| Consumer Services – 2.4% | Consumer Services – 2.4% | Consumer Services – 2.4% |
| Allied Universal Holdco LLC, 9.75%, 7/15/2027 (n) | $351000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$352246 |
| Allied Universal Holdco LLC, 6%, 6/01/2029 (n) | 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;375110 |
| Allied Universal Holdco LLC, 7.875%, 2/15/2031 (n) | 172000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175674 |
| Arches Buyer, Inc., 6.125%, 12/01/2028 (n) | 573000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;512322 |
| Emeria S.A.S.U., 7.75%, 3/31/2028 | 297000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;302818 |
| Garda World Security Corp., 8.375%, 11/15/2032 (n) | $543000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;535628 |
| GoDaddy, Inc., 3.5%, 3/01/2029 (n) | 726000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;676286 |
| Meituan, 4.5%, 4/02/2028 (n) | 332000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;330722 |
| Raven Acquisition Holdings LLC, 6.875%, 11/15/2031 (n) | 498000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;485722 |
| Realogy Group LLC/Realogy Co-Issuer Corp., 5.75%, 1/15/2029 (n) | 213000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168207 |
| Realogy Group LLC/Realogy Co-Issuer Corp., 5.25%, 4/15/2030 (n) | 419000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;307827 |
| Securitas AB, 3.375%, 5/20/2032 | 190000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;213808 |
| Service Corp. International, 5.75%, 10/15/2032 | $832000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;821383 |
| Toll Road Investors Partnership II LP, Capital Appreciation, NPFG, 0%, 2/15/2027 (n) | 353000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;316510 |
| TriNet Group, Inc., 3.5%, 3/01/2029 (n) | 540000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;492553 |
| TriNet Group, Inc., 7.125%, 8/15/2031 (n) | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101784 |
| WASH Multi-Family Acquisition, Inc., 5.75%, 4/15/2026 (n) | 467000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;462309 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6630909 |

---

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Containers – 1.0% | Containers – 1.0% | Containers – 1.0% |
| Ball Corp., 6%, 6/15/2029 | $&nbsp;&nbsp;242000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$246936 |
| Ball Corp., 2.875%, 8/15/2030 | &nbsp;&nbsp;796000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;704777 |
| Clydesdale Acquisition Holdings, Inc., 8.75%, 4/15/2030 (n) | &nbsp;&nbsp;508000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;523404 |
| Clydesdale Acquisition Holdings, Inc., 6.75%, 4/15/2032 (n) | &nbsp;&nbsp;146000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149285 |
| Owens-Brockway Glass Container, Inc., 7.25%, 5/15/2031 (n) | &nbsp;&nbsp;395000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;392253 |
| Trivium Packaging Finance B.V., 8.5%, 8/15/2027 (n) | &nbsp;&nbsp;611000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;603902 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2620557 |
| Electrical Equipment – 0.2% | Electrical Equipment – 0.2% | Electrical Equipment – 0.2% |
| Arrow Electronics, Inc., 5.875%, 4/10/2034 | $&nbsp;&nbsp;238000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$239265 |
| CommScope Technologies LLC, 5%, 3/15/2027 (n) | &nbsp;&nbsp;249000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;216685 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$455950 |
| Electronics – 0.6% | Electronics – 0.6% | Electronics – 0.6% |
| Broadcom, Inc., 4.55%, 2/15/2032 | $&nbsp;&nbsp;502000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$491996 |
| Diebold Nixdorf, Inc., 7.75%, 3/31/2030 (n) | &nbsp;&nbsp;299000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;311295 |
| Entegris, Inc., 4.375%, 4/15/2028 (n) | &nbsp;&nbsp;213000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;205842 |
| Entegris, Inc., 3.625%, 5/01/2029 (n) | &nbsp;&nbsp;227000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;209006 |
| Entegris, Inc., 5.95%, 6/15/2030 (n) | &nbsp;&nbsp;150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149687 |
| Intel Corp., 5.7%, 2/10/2053 | &nbsp;&nbsp;258000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;229804 |
| Tyco Electronics Group S.A., 2.5%, 5/06/2028 (w) | &nbsp;&nbsp;110000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124398 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1722028 |
| Emerging Market Quasi-Sovereign – 5.7% | Emerging Market Quasi-Sovereign – 5.7% | Emerging Market Quasi-Sovereign – 5.7% |
| Abu Dhabi Developmental Holding Co. PJSC, 5.5%, 5/08/2034 (n) | $&nbsp;&nbsp;944000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$980176 |
| Bank Gospodarstwa Krajowego (Republic of Poland), 5.75%, 7/09/2034 (n) | &nbsp;&nbsp;940000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;960746 |
| CEZ A.S. (Czech Republic), 4.125%, 4/30/2033 | &nbsp;&nbsp;370000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;418761 |
| Chile Electricity Lux MPC II S.à r.l., 5.58%, 10/20/2035 (n) | $&nbsp;&nbsp;507325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;503901 |
| Corporacion Financiera de Desarrollo S.A. (Republic of Peru), 5.5%, 5/06/2030 (n)(w) | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200492 |
| Development Bank of Kazakhstan JSC, 5.25%, 10/23/2029 (n) | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197908 |
| Empresa Nacional del Petroleo (Republic of Chile), 5.95%, 7/30/2034 (n) | &nbsp;&nbsp;425000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;429137 |
| Eskom Holdings SOC Ltd. (Republic of South Africa), 6.35%, 8/10/2028 (n) | 1052000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1037567 |
| Export-Import Bank of India, 3.375%, 8/05/2026 | 1366000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1345041 |
| Indian Railway Finance Corp., 2.8%, 2/10/2031 (n) | &nbsp;&nbsp;700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;624599 |
| Ipoteka Bank (Republic of Uzbekistan), 5.5%, 11/19/2025 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;990000 |
| Magyar Export-Import Bank PLC (Republic of Hungary), 6.125%, 12/04/2027 (n) | &nbsp;&nbsp;490000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;498755 |

---

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Emerging Market Quasi-Sovereign – continued | Emerging Market Quasi-Sovereign – continued | Emerging Market Quasi-Sovereign – continued |
| Navoi Mining & Metallurgical Co. (Republic of Uzbekistan), 6.7%, 10/17/2028 | $&nbsp;&nbsp;&nbsp;&nbsp;268000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$273119 |
| Office Cherifien des Phosphates S.A. (Kingdom of Morocco), 6.75%, 5/02/2034 (n) | &nbsp;&nbsp;&nbsp;&nbsp;285000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;287707 |
| Office Cherifien des Phosphates S.A. (Kingdom of Morocco), 6.875%, 4/25/2044 (n) | &nbsp;&nbsp;&nbsp;&nbsp;373000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;349855 |
| Office Cherifien des Phosphates S.A. (Kingdom of Morocco), 5.125%, 6/23/2051 (n) | &nbsp;&nbsp;&nbsp;&nbsp;600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;439500 |
| Petroleos Mexicanos, 6.49%, 1/23/2027 | &nbsp;&nbsp;&nbsp;&nbsp;904000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;883304 |
| Petroleos Mexicanos, 6.7%, 2/16/2032 | &nbsp;&nbsp;&nbsp;&nbsp;499000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;427723 |
| Petroleos Mexicanos, 6.75%, 9/21/2047 | &nbsp;&nbsp;&nbsp;&nbsp;634000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;425810 |
| PETRONAS Capital Ltd. (Federation of Malaysia), 4.95%, 1/03/2031 (n) | &nbsp;&nbsp;&nbsp;&nbsp;534000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;541847 |
| PETRONAS Capital Ltd. (Federation of Malaysia), 5.34%, 4/03/2035 (n) | &nbsp;&nbsp;&nbsp;&nbsp;462000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;469352 |
| PT Perusahaan Listrik Negara (Republic of Indonesia), 4%, 6/30/2050 (n) | &nbsp;&nbsp;&nbsp;&nbsp;488000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;338115 |
| Qatar Petroleum, 3.125%, 7/12/2041 | &nbsp;&nbsp;&nbsp;&nbsp;355000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;260780 |
| Saudi Arabian Oil Co., 5.75%, 7/17/2054 (n) | &nbsp;&nbsp;&nbsp;&nbsp;410000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;380890 |
| Southern Gas Corridor CJSC (Republic of Azerbaijan), 6.875%, 3/24/2026 | &nbsp;&nbsp;&nbsp;&nbsp;767000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;774670 |
| State Oil Company of the Azerbaijan Republic, 6.95%, 3/18/2030 | &nbsp;&nbsp;1152000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1198080 |
| Uzbek Industrial and Construction Bank ATB (Republic of Uzbekistan), 8.95%, 7/24/2029 (n) | &nbsp;&nbsp;&nbsp;&nbsp;388000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;396924 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$15634759 |
| Emerging Market Sovereign – 8.3% | Emerging Market Sovereign – 8.3% | Emerging Market Sovereign – 8.3% |
| Dominican Republic, 5.5%, 2/22/2029 (n) | $&nbsp;&nbsp;&nbsp;&nbsp;747000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$735608 |
| Dominican Republic, 5.875%, 1/30/2060 (n) | &nbsp;&nbsp;&nbsp;&nbsp;927000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;762040 |
| Federal Republic of Nigeria, 7.875%, 2/16/2032 | &nbsp;&nbsp;&nbsp;&nbsp;320000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;277216 |
| Kingdom of Morocco, 1.375%, 3/30/2026 | &nbsp;&nbsp;&nbsp;&nbsp;758000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;843090 |
| Kingdom of Morocco, 3%, 12/15/2032 (n) | $&nbsp;&nbsp;&nbsp;&nbsp;448000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;369394 |
| Kingdom of Saudi Arabia, 5.125%, 1/13/2028 (n) | &nbsp;&nbsp;&nbsp;&nbsp;363000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;368607 |
| Oriental Republic of Uruguay, 8.25%, 5/21/2031 | 11700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;260232 |
| Oriental Republic of Uruguay, 9.75%, 7/20/2033 | 10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;238605 |
| Republic of Albania, 4.75%, 2/14/2035 (n) | &nbsp;&nbsp;&nbsp;&nbsp;171000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184620 |
| Republic of Angola, 8.25%, 5/09/2028 | $&nbsp;&nbsp;&nbsp;&nbsp;491000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;416417 |
| Republic of Angola, 9.375%, 5/08/2048 | &nbsp;&nbsp;&nbsp;&nbsp;400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;280336 |
| Republic of Argentina, 4.125%, 7/09/2035 | &nbsp;&nbsp;1047289 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;698420 |
| Republic of Bulgaria, 5%, 3/05/2037 | &nbsp;&nbsp;&nbsp;&nbsp;408000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;394685 |
| Republic of Chile, 3.1%, 1/22/2061 | &nbsp;&nbsp;&nbsp;&nbsp;672000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;396816 |
| Republic of Costa Rica, 7.3%, 11/13/2054 | &nbsp;&nbsp;&nbsp;&nbsp;391000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;397820 |

---

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Emerging Market Sovereign – continued | Emerging Market Sovereign – continued | Emerging Market Sovereign – continued |
| Republic of Cote d'Ivoire, 5.25%, 3/22/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;802000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$849945 |
| Republic of Guatemala, 6.05%, 8/06/2031 (n) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;420000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;417547 |
| Republic of Guatemala, 6.125%, 6/01/2050 (n) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;564000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;499845 |
| Republic of Hungary, 5.5%, 6/16/2034 (n) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;970000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;935298 |
| Republic of India, 7.18%, 8/14/2033 | &nbsp;&nbsp;&nbsp;&nbsp;58000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;720046 |
| Republic of Korea, 1.375%, 6/10/2030 | 8300000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5537180 |
| Republic of Paraguay, 5.6%, 3/13/2048 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1049000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;919365 |
| Republic of Peru, 5.375%, 2/08/2035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;422000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;415485 |
| Republic of Philippines, 3.556%, 9/29/2032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;327000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;299490 |
| Republic of Serbia, 1.65%, 3/03/2033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103437 |
| Republic of Serbia, 6%, 6/12/2034 (n) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;689000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;680346 |
| Republic of Serbia, 2.05%, 9/23/2036 (n) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;456000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;376452 |
| Republic of South Africa, 7.1%, 11/19/2036 (n) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;475000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;452753 |
| Republic of South Africa, 7.3%, 4/20/2052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;396000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;339620 |
| Republic of Turkey, 4.75%, 1/26/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;521000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;518395 |
| Republic of Turkey, 7.625%, 5/15/2034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;540000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;537837 |
| Republic of Turkey, 6.5%, 1/03/2035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;308000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;281842 |
| Sultanate of Oman, 6%, 8/01/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;406000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;418242 |
| Sultanate of Oman, 7%, 1/25/2051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;624159 |
| United Mexican States, 4.75%, 4/27/2032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;736000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;688873 |
| United Mexican States, 3.771%, 5/24/2061 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;430000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;244226 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$22484289 |
| Energy - Independent – 3.7% | Energy - Independent – 3.7% | Energy - Independent – 3.7% |
| Chord Energy Corp., 6.75%, 3/15/2033 (n) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;299000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$291043 |
| Civitas Resources, Inc., 8.375%, 7/01/2028 (n) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;307000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;301610 |
| Civitas Resources, Inc., 8.625%, 11/01/2030 (n) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170592 |
| Civitas Resources, Inc., 8.75%, 7/01/2031 (n) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;390000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;370706 |
| CNX Resources Corp., 7.25%, 3/01/2032 (n) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;399000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;398775 |
| Comstock Resources, Inc., 6.75%, 3/01/2029 (n) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;781000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;744441 |
| Diamondback Energy, Inc., 5.75%, 4/18/2054 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;178000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159052 |
| Encino Acquisition Partners Holdings LLC, 8.75%, 5/01/2031 (n) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;554000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;564081 |
| Gulfport Energy Corp., 6.75%, 9/01/2029 (n) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;598000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;589322 |
| Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas Finance Corp., 6.875%, 12/01/2032 (n) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;547000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;529620 |
| Matador Resources Co., 6.875%, 4/15/2028 (n) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;561000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;557881 |
| Matador Resources Co., 6.5%, 4/15/2032 (n) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;227000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;218651 |
| Occidental Petroleum Corp., 6.45%, 9/15/2036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;351000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;341937 |
| Permian Resources Operating LLC, 5.875%, 7/01/2029 (n) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;524000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;511718 |
| Permian Resources Operating LLC, 7%, 1/15/2032 (n) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;333000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;335228 |
| Permian Resources Operating LLC, 6.25%, 2/01/2033 (n) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;203000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198513 |
| Pioneer Natural Resources Co., 2.15%, 1/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;410000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;359771 |

---

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Energy - Independent – continued | Energy - Independent – continued | Energy - Independent – continued |
| Santos Finance Ltd., 6.875%, 9/19/2033 (n) | $&nbsp;&nbsp;276000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$290861 |
| Sitio Royalties Operating Partnership LP, 7.875%, 11/01/2028 (n) | &nbsp;&nbsp;588000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;604278 |
| Tengizchevroil Finance Co. International Ltd., 4%, 8/15/2026 (n) | &nbsp;&nbsp;422000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;413782 |
| Tengizchevroil Finance Co. International Ltd., 4%, 8/15/2026 | 1025000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1005038 |
| Viper Energy, Inc., 7.375%, 11/01/2031 (n) | &nbsp;&nbsp;198000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;205550 |
| Vital Energy, Inc., 7.875%, 4/15/2032 (n) | &nbsp;&nbsp;567000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;440498 |
| Wildfire Intermediate Holdings LLC, 7.5%, 10/15/2029 (n) | &nbsp;&nbsp;499000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;456585 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$10059533 |
| Energy - Integrated – 0.8% | Energy - Integrated – 0.8% | Energy - Integrated – 0.8% |
| BP Capital Markets America, Inc., 4.812%, 2/13/2033 | $&nbsp;&nbsp;243000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$238494 |
| BP Capital Markets B.V., 0.933%, 12/04/2040 | &nbsp;&nbsp;190000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135423 |
| BP Capital Markets PLC, 6%, 2/19/2173 | &nbsp;&nbsp;280000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;369517 |
| Exxon Mobil Corp., 1.408%, 6/26/2039 | &nbsp;&nbsp;450000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;368519 |
| Orlen S.A., 6%, 1/30/2035 | $&nbsp;&nbsp;542000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;547703 |
| TotalEnergies Capital International S.A., 3.16%, 3/03/2033 | &nbsp;&nbsp;400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;449144 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2108800 |
| Entertainment – 2.6% | Entertainment – 2.6% | Entertainment – 2.6% |
| Carnival Corp., 5.75%, 1/15/2030 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$237899 |
| Carnival Corp., 5.75%, 3/15/2030 (n) | $&nbsp;&nbsp;498000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;494496 |
| Carnival Corp., 6.125%, 2/15/2033 (n) | &nbsp;&nbsp;249000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;246894 |
| Life Time, Inc., 6%, 11/15/2031 (n) | &nbsp;&nbsp;548000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;546282 |
| Lindblad Expeditions Holdings, Inc., 9%, 5/15/2028 (n) | &nbsp;&nbsp;501000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;514884 |
| Motion Bondco DAC, 6.625%, 11/15/2027 (n) | &nbsp;&nbsp;404000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;382065 |
| NCL Corp. Ltd., 5.875%, 3/15/2026 (n) | &nbsp;&nbsp;&nbsp;&nbsp;49000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48750 |
| NCL Corp. Ltd., 6.25%, 3/01/2030 (n) | &nbsp;&nbsp;505000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;492602 |
| NCL Corp. Ltd., 6.75%, 2/01/2032 (n) | &nbsp;&nbsp;325000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;317343 |
| Royal Caribbean Cruises Ltd., 5.375%, 7/15/2027 (n) | &nbsp;&nbsp;430000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;429498 |
| Royal Caribbean Cruises Ltd., 5.5%, 4/01/2028 (n) | &nbsp;&nbsp;436000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;435553 |
| Royal Caribbean Cruises Ltd., 5.625%, 9/30/2031 (n) | &nbsp;&nbsp;253000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;251055 |
| Royal Caribbean Cruises Ltd., 6%, 2/01/2033 (n) | 1025000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1027822 |
| Six Flags Entertainment Corp., 6.625%, 5/01/2032 (n) | &nbsp;&nbsp;692000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;698207 |
| Viking Cruises Ltd. Co., 5.875%, 9/15/2027 (n) | &nbsp;&nbsp;192000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191610 |
| Viking Ocean Cruises Ship VII Ltd., 5.625%, 2/15/2029 (n) | &nbsp;&nbsp;656000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;649421 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6964381 |

---

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Financial Institutions – 4.3% | Financial Institutions – 4.3% | Financial Institutions – 4.3% |
| Avation Capital S.A., 8.25% (8.25% Cash or 9% PIK), 10/31/2026 (n)(p) | $626867 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$609628 |
| Avolon Holdings Funding Ltd., 4.375%, 5/01/2026 (n) | 388000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;385065 |
| Azorra Finance Ltd., 7.75%, 4/15/2030 (n) | 746000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;740241 |
| Corporacion Inmobiliaria Vesta S.A.B. de C.V., 3.625%, 5/13/2031 | 320000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;277199 |
| Credit Acceptance Corp., 9.25%, 12/15/2028 (n) | 243000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;256805 |
| Credit Acceptance Corp., 6.625%, 3/15/2030 (n) | 392000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;384634 |
| CTP N.V., 3.875%, 11/21/2032 | 230000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;255428 |
| Fastighets AB Balder, 4%, 2/19/2032 | 440000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;491270 |
| Freedom Mortgage Corp., 7.625%, 5/01/2026 (n) | $387000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;385965 |
| Freedom Mortgage Holdings LLC, 9.25%, 2/01/2029 (n) | 455000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;463504 |
| FTAI Aviation Ltd., 5.5%, 5/01/2028 (n) | 568000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;557808 |
| FTAI Aviation Ltd., 7.875%, 12/01/2030 (n) | 383000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400408 |
| Heimstaden Bostad AB, 8.375%, 1/29/2030 | 270000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;303270 |
| Icahn Enterprises LP/Icahn Enterprises Finance Corp., 9.75%, 1/15/2029 | $384000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;379008 |
| Icahn Enterprises LP/Ichan Enterprises Finance Corp., 10%, 11/15/2029 (n) | 199000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;194587 |
| Jefferson Capital Holdings LLC, 8.25%, 5/15/2030 (n)(w) | 394000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;396504 |
| Macquarie AirFinance Holdings Ltd., 5.15%, 3/17/2030 (n) | &nbsp;&nbsp;86000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84395 |
| Macquarie AirFinance Holdings Ltd., 6.5%, 3/26/2031 (n) | 381000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;391362 |
| Muthoot Finance Ltd., 7.125%, 2/14/2028 (n) | 226000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;224574 |
| Nationstar Mortgage Holdings, Inc., 6%, 1/15/2027 (n) | 615000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;615269 |
| Nationstar Mortgage Holdings, Inc., 6.5%, 8/01/2029 (n) | 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;406557 |
| OneMain Finance Corp., 6.625%, 5/15/2029 | 497000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;498449 |
| OneMain Finance Corp., 5.375%, 11/15/2029 | 317000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;303036 |
| OneMain Finance Corp., 7.5%, 5/15/2031 | 187000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;189639 |
| PennyMac Financial Services, Inc., 6.875%, 2/15/2033 (n) | 744000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;742962 |
| Shriram Finance Ltd., 6.15%, 4/03/2028 (n) | 731000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;718371 |
| Shurgard Luxembourg S.à r.l., 3.625%, 10/22/2034 | 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;440362 |
| Truenoord Ltd., 8.75%, 3/01/2030 (n) | $299000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;305423 |
| Walker & Dunlop, Inc., 6.625%, 4/01/2033 (n) | 395000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;401778 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$11803501 |
| Food & Beverages – 5.1% | Food & Beverages – 5.1% | Food & Beverages – 5.1% |
| Anheuser-Busch InBev Worldwide, Inc., 4.375%, 4/15/2038 | $260000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$237621 |
| Anheuser-Busch InBev Worldwide, Inc., 5.55%, 1/23/2049 | 331000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;327533 |
| B&G Foods, Inc., 8%, 9/15/2028 (n) | 449000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;445469 |
| Bacardi Ltd., 5.15%, 5/15/2038 (n) | 530000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;480088 |
| Bacardi-Martini B.V., 5.4%, 6/15/2033 (n) | 325000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;315620 |
| Barry Callebaut Services N.V., 4.25%, 8/19/2031 | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;226394 |
| Bunge Ltd. Finance Corp., 4.65%, 9/17/2034 | $187000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;181379 |

---

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Food & Beverages – continued | Food & Beverages – continued | Food & Beverages – continued |
| Carlsberg Breweries A.S., 3.25%, 2/28/2032 | &nbsp;&nbsp;350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$396689 |
| Central American Bottling Corp., 5.25%, 4/27/2029 (n) | $&nbsp;&nbsp;691000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;661261 |
| Chobani LLC/Chobani Finance Corp., 7.625%, 7/01/2029 (n) | &nbsp;&nbsp;429000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;449333 |
| Constellation Brands, Inc., 2.25%, 8/01/2031 | &nbsp;&nbsp;290000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248152 |
| Fiesta Purchaser, Inc., 7.875%, 3/01/2031 (n) | &nbsp;&nbsp;339000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;355123 |
| Fiesta Purchaser, Inc., 9.625%, 9/15/2032 (n) | &nbsp;&nbsp;317000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;331465 |
| Flora Food Management B.V., 6.875%, 7/02/2029 | &nbsp;&nbsp;210000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;245396 |
| Flowers Foods, Inc., 5.75%, 3/15/2035 | $&nbsp;&nbsp;384000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;387436 |
| Flowers Foods, Inc., 6.2%, 3/15/2055 | &nbsp;&nbsp;220000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;218984 |
| Gruma S.A.B. de C.V., 5.39%, 12/09/2034 (n) | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197600 |
| JBS USA Lux S.A./JBS USA Food Co./JBS USA Finance, Inc., 3.625%, 1/15/2032 | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;904745 |
| JBS USA Lux S.A./JBS USA Food Co./JBS USA Finance, Inc., 6.5%, 12/01/2052 | &nbsp;&nbsp;241000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248113 |
| Kraft Heinz Foods Co., 4.375%, 6/01/2046 | &nbsp;&nbsp;549000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;444756 |
| Mars, Inc., 4.8%, 3/01/2030 (n) | &nbsp;&nbsp;251000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;254064 |
| Mars, Inc., 5.2%, 3/01/2035 (n) | &nbsp;&nbsp;577000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;579264 |
| Mars, Inc., 5.7%, 5/01/2055 (n) | &nbsp;&nbsp;387000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;381451 |
| Nestle Finance International Ltd., 3.5%, 1/14/2045 | &nbsp;&nbsp;280000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300954 |
| Performance Food Group Co., 5.5%, 10/15/2027 (n) | $&nbsp;&nbsp;678000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;672442 |
| Performance Food Group Co., 6.125%, 9/15/2032 (n) | &nbsp;&nbsp;338000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;338100 |
| Pernod Ricard S.A., 3.25%, 3/03/2032 | &nbsp;&nbsp;600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;669093 |
| Post Holdings, Inc., 4.625%, 4/15/2030 (n) | $&nbsp;&nbsp;788000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;742773 |
| Post Holdings, Inc., 6.25%, 10/15/2034 (n) | &nbsp;&nbsp;219000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;217182 |
| Primo Water Holdings Inc./Triton Water Holdings, 4.375%, 4/30/2029 (n) | &nbsp;&nbsp;875000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;830213 |
| U.S. Foods Holding Corp., 4.75%, 2/15/2029 (n) | &nbsp;&nbsp;813000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;789620 |
| U.S. Foods Holding Corp., 5.75%, 4/15/2033 (n) | &nbsp;&nbsp;131000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128316 |
| Viking Baked Goods Acquisition Corp., 8.625%, 11/01/2031 (n) | &nbsp;&nbsp;395000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;375209 |
| Viterra Finance B.V., 3.2%, 4/21/2031 (n) | &nbsp;&nbsp;263000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;238547 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$13820385 |
| Forest & Paper Products – 1.1% | Forest & Paper Products – 1.1% | Forest & Paper Products – 1.1% |
| Graphic Packaging International LLC, 1.512%, 4/15/2026 (n) | $&nbsp;&nbsp;521000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$503224 |
| Graphic Packaging International LLC, 6.375%, 7/15/2032 (n) | &nbsp;&nbsp;753000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;756706 |
| Mondi Finance PLC, 3.75%, 5/18/2033 | &nbsp;&nbsp;390000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;443358 |
| Smurfit Kappa Treasury Co., 7.5%, 11/20/2025 | $&nbsp;&nbsp;350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;353860 |
| Stora Enso Oyj, 7.25%, 4/15/2036 (n) | &nbsp;&nbsp;444000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;468021 |
| Veritiv Operating Co., 10.5%, 11/30/2030 (n) | &nbsp;&nbsp;448000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;467958 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2993127 |

---

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Gaming & Lodging – 3.1% | Gaming & Lodging – 3.1% | Gaming & Lodging – 3.1% |
| CCM Merger, Inc., 6.375%, 5/01/2026 (n) | $&nbsp;&nbsp;541000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$541631 |
| CDI Escrow Issuer, Inc., 5.75%, 4/01/2030 (n) | 1025000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1002430 |
| Flutter Treasury DAC, 6.375%, 4/29/2029 (n) | &nbsp;&nbsp;514000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;525189 |
| Hilton Domestic Operating Co., Inc., 4.875%, 1/15/2030 | 1016000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;995622 |
| Hilton Domestic Operating Co., Inc., 3.625%, 2/15/2032 (n) | &nbsp;&nbsp;585000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;517482 |
| Las Vegas Sands Corp., 6.2%, 8/15/2034 | &nbsp;&nbsp;363000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;355697 |
| Marriott International, Inc., 2.85%, 4/15/2031 | &nbsp;&nbsp;405000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;362090 |
| Melco Resorts Finance Limited, 5.375%, 12/04/2029 | &nbsp;&nbsp;856000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;772433 |
| Sands China Ltd., 4.375%, 6/18/2030 | &nbsp;&nbsp;520000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;481484 |
| Whitbread Group PLC, 5.5%, 5/31/2032 | &nbsp;&nbsp;157000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;206602 |
| Wyndham Hotels & Resorts, Inc., 4.375%, 8/15/2028 (n) | $&nbsp;&nbsp;788000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;756890 |
| Wynn Macau Ltd., 5.625%, 8/26/2028 (n) | 1319000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1258991 |
| Wynn Resorts Finance LLC/Wynn Resorts Capital Corp., 5.125%, 10/01/2029 (n) | &nbsp;&nbsp;637000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;614154 |
| Wynn Resorts Finance LLC/Wynn Resorts Capital Corp., 7.125%, 2/15/2031 (n) | &nbsp;&nbsp;133000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137198 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$8527893 |
| Industrial – 1.4% | Industrial – 1.4% | Industrial – 1.4% |
| Albion Financing 2 S.à r.l., 8.75%, 4/15/2027 (n) | $&nbsp;&nbsp;640000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$646015 |
| APi Escrow Corp., 4.75%, 10/15/2029 (n) | &nbsp;&nbsp;874000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;821894 |
| Arcadis N.V., 4.875%, 2/28/2028 | &nbsp;&nbsp;258000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;303508 |
| Booz Allen Hamilton, Inc., 5.95%, 4/15/2035 | $&nbsp;&nbsp;392000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;389512 |
| Brundage-Bone Concrete Pumping Holdings, Inc., 7.5%, 2/01/2032 (n) | &nbsp;&nbsp;199000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;194192 |
| Investor AB, 3.5%, 3/31/2034 | &nbsp;&nbsp;120000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137080 |
| Prysmian S.p.A., 3.625%, 11/28/2028 | &nbsp;&nbsp;280000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;321877 |
| Trustees of the University of Pennsylvania, 2.396%, 10/01/2050 | $&nbsp;&nbsp;966000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;549754 |
| WSP Global, Inc., 5.548%, 11/22/2030 | &nbsp;&nbsp;695000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;540372 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3904204 |
| Insurance – 0.9% | Insurance – 0.9% | Insurance – 0.9% |
| Allianz SE, 3.2% to 4/30/2028, FLR (CMT - 5yr. + 2.165%) to 4/30/2171 (n) | $&nbsp;&nbsp;600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$504109 |
| Corebridge Financial, Inc., 4.35%, 4/05/2042 | &nbsp;&nbsp;351000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;286411 |
| Corebridge Financial, Inc., 6.875% to 12/15/2027, FLR (CMT - 5yr. + 3.846%) to 12/15/2052 | &nbsp;&nbsp;236000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;238618 |
| MetLife, Inc., 5.3%, 12/15/2034 | &nbsp;&nbsp;419000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;425651 |
| Nippon Life Insurance Co., 4.114% to 1/23/2035, FLR (EUR ICE Swap Rate - 5yr. + 2.6%) to 1/23/2055 | &nbsp;&nbsp;170000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;188024 |
| Sammons Financial Group, Inc., 6.875%, 4/15/2034 (n) | $&nbsp;&nbsp;446000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;465832 |

---

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Insurance – continued | Insurance – continued | Insurance – continued |
| Swiss Life Finance I AG, 3.75%, 3/24/2035 | 380000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$431360 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2540005 |
| Insurance - Health – 0.6% | Insurance - Health – 0.6% | Insurance - Health – 0.6% |
| Elevance Health, Inc., 5.375%, 6/15/2034 | $292000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$295719 |
| Humana, Inc., 5.55%, 5/01/2035 | 531000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;526888 |
| UnitedHealth Group, Inc., 5.15%, 7/15/2034 | 573000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;574836 |
| UnitedHealth Group, Inc., 4.625%, 7/15/2035 | 294000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;283459 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1680902 |
| Insurance - Property & Casualty – 3.0% | Insurance - Property & Casualty – 3.0% | Insurance - Property & Casualty – 3.0% |
| Acrisure LLC/Acrisure Finance, Inc., 8.25%, 2/01/2029 (n) | $397000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$406201 |
| Acrisure LLC/Acrisure Finance, Inc., 6%, 8/01/2029 (n) | 447000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;423480 |
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 5.875%, 11/01/2029 (n) | 410000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;395790 |
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 7%, 1/15/2031 (n) | 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;405959 |
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 6.5%, 10/01/2031 (n) | 758000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;756446 |
| American International Group, Inc., 5.125%, 3/27/2033 | 356000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;355644 |
| AmWINS Group Benefits, Inc., 6.375%, 2/15/2029 (n) | 249000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;251967 |
| AmWINS Group Benefits, Inc., 4.875%, 6/30/2029 (n) | 357000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;340838 |
| Arthur J. Gallagher & Co., 5%, 2/15/2032 | &nbsp;&nbsp;79000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79314 |
| Arthur J. Gallagher & Co., 6.5%, 2/15/2034 | 109000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118217 |
| Arthur J. Gallagher & Co., 5.75%, 3/02/2053 | 238000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;228114 |
| Baldwin Insurance Group Holdings LLC, 7.125%, 5/15/2031 (n) | 729000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;741752 |
| Brown & Brown, Inc., 5.65%, 6/11/2034 | 104000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105173 |
| Fairfax Financial Holdings Ltd., 4.25%, 12/06/2027 | 672000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;495898 |
| Fairfax Financial Holdings Ltd., 6.35%, 3/22/2054 | $402000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;402779 |
| Hub International Ltd., 5.625%, 12/01/2029 (n) | 255000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;249103 |
| Hub International Ltd., 7.25%, 6/15/2030 (n) | 760000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;788305 |
| Hub International Ltd., 7.375%, 1/31/2032 (n) | 208000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;214290 |
| Marsh & McLennan Cos., Inc., 4.85%, 11/15/2031 | 302000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;305323 |
| Marsh & McLennan Cos., Inc., 5.4%, 3/15/2055 | 319000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;303658 |
| Panther Escrow Issuer, 7.125%, 6/01/2031 (n) | 772000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;790910 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$8159161 |
| Interactive Media Services – 0.1% | Interactive Media Services – 0.1% | Interactive Media Services – 0.1% |
| Snap, Inc., 6.875%, 3/01/2033 (n) | $347000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$346561 |

---

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| International Market Quasi-Sovereign – 1.9% | International Market Quasi-Sovereign – 1.9% | International Market Quasi-Sovereign – 1.9% |
| Electricite de France S.A., 4.625%, 5/07/2045 (w) | &nbsp;&nbsp;100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$111396 |
| Electricite de France S.A., 6.5%, 11/08/2064 | &nbsp;&nbsp;300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;375566 |
| EnBW International Finance B.V. (Federal Republic of Germany), 4.3%, 5/23/2034 | &nbsp;&nbsp;215000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;256928 |
| EnBW International Finance B.V. (Federal Republic of Germany), 3.75%, 11/20/2035 | &nbsp;&nbsp;280000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;317043 |
| ESB Finance DAC (Republic of Ireland), 1.875%, 6/14/2031 | &nbsp;&nbsp;305000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;323509 |
| Eustream A.S. (Slovak Republic), 1.625%, 6/25/2027 | &nbsp;&nbsp;510000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;552395 |
| Islandsbanki hf. (Republic of Iceland), 3.875%, 9/20/2030 | &nbsp;&nbsp;310000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;353989 |
| Landsbankinn hf. (Republic of Iceland), 3.75%, 10/08/2029 | &nbsp;&nbsp;435000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;498536 |
| Ontario Teachers' Cadillac Fairview Properties, 2.5%, 10/15/2031 (n) | $&nbsp;&nbsp;425000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;370511 |
| P3 Group S.à r.l. (Grand Duchy of Luxembourg), 1.625%, 1/26/2029 | &nbsp;&nbsp;270000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;286009 |
| P3 Group S.à r.l. (Grand Duchy of Luxembourg), 4%, 4/19/2032 | &nbsp;&nbsp;280000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;316053 |
| RTE Reseau de Transport d'Electricite (Republic of France), 3.5%, 10/02/2036 | &nbsp;&nbsp;500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;566233 |
| Swisscom Finance, 3.5%, 11/29/2031 | &nbsp;&nbsp;500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;582065 |
| Wolf Midstream Canada LP, 6.4%, 7/18/2029 (n) | &nbsp;&nbsp;519000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;386822 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5297055 |
| International Market Sovereign – 4.5% | International Market Sovereign – 4.5% | International Market Sovereign – 4.5% |
| Commonwealth of Australia, 3.75%, 4/21/2037 | 7638000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4653816 |
| Government of Bermuda, 2.375%, 8/20/2030 (n) | $&nbsp;&nbsp;239000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;207399 |
| Government of Bermuda, 5%, 7/15/2032 (n) | &nbsp;&nbsp;731000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;718710 |
| Government of Canada, 3.25%, 12/01/2034 | 4313000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3173775 |
| Kingdom of Spain, 3.45%, 10/31/2034 (n) | 1400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1634197 |
| Republic of Italy, 4.15%, 10/01/2039 (n) | 1585000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1839915 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$12227812 |
| Internet – 0.1% | Internet – 0.1% | Internet – 0.1% |
| Alphabet, Inc., 4%, 5/06/2054 (w) | &nbsp;&nbsp;199000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$223238 |
| Local Authorities – 0.3% | Local Authorities – 0.3% | Local Authorities – 0.3% |
| Alliander N.V., 3.5%, 5/06/2037 (w) | &nbsp;&nbsp;290000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$328509 |
| Province of Alberta, 1.65%, 6/01/2031 | &nbsp;&nbsp;553000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;368195 |
| Province of British Columbia, 2.95%, 6/18/2050 | &nbsp;&nbsp;405000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;227609 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$924313 |

---

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Machinery & Tools – 0.6% | Machinery & Tools – 0.6% | Machinery & Tools – 0.6% |
| AGCO Corp., 5.8%, 3/21/2034 | $&nbsp;&nbsp;219000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$217539 |
| Manitowoc Co., Inc., 9.25%, 10/01/2031 (n) | &nbsp;&nbsp;354000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;358867 |
| Ritchie Bros Holdings, Inc., 7.75%, 3/15/2031 (n) | 1014000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1063163 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1639569 |
| Major Banks – 6.4% | Major Banks – 6.4% | Major Banks – 6.4% |
| Bank of America Corp., 5.202% to 4/25/2028, FLR (SOFR - 1 day + 1.63%) to 4/25/2029 | $&nbsp;&nbsp;349000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$356490 |
| Bank of America Corp., 2.687% to 4/22/2031, FLR (SOFR - 1 day + 1.32%) to 4/22/2032 | &nbsp;&nbsp;409000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;361749 |
| Bank of America Corp., 5.425% to 8/15/2034, FLR (SOFR - 1 day + 1.913%) to 8/15/2035 | &nbsp;&nbsp;361000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;353333 |
| Barclays PLC, 5.746% to 7/31/2031, FLR (SONIA + 1.614%) to 7/31/2032 | &nbsp;&nbsp;550000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;738898 |
| BNP Paribas S.A., 5.283% to 11/19/2029, FLR (SOFR - 1 day + 1.28%) to 11/19/2030 (n) | $&nbsp;&nbsp;467000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;472257 |
| Commonwealth Bank of Australia, 2.688%, 3/11/2031 (n) | &nbsp;&nbsp;688000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;605777 |
| Danske Bank A.S., 1.549%, 9/10/2027 (n) | &nbsp;&nbsp;361000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;346983 |
| Danske Bank A.S., 4.613% to 10/02/2029, FLR (CMT - 1yr. + 1.1%) to 10/02/2030 (n) | &nbsp;&nbsp;390000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;386200 |
| Danske Bank A.S., 3.25% to 1/14/2032, FLR (EUR ICE Swap Rate - 1yr. + 0.9%) to 1/14/2033 | &nbsp;&nbsp;430000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;488247 |
| Deutsche Bank AG, 5.373% to 1/10/2028, FLR (SOFR - 1 day + 1.21%) to 1/10/2029 | $&nbsp;&nbsp;440000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;445898 |
| Erste Group Bank AG, 3.25% to 1/14/2032, FLR (EURIBOR - 3mo. +0.98%) to 1/14/2033 | &nbsp;&nbsp;600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;674865 |
| Goldman Sachs Group, Inc., 4.692% to 10/23/2029, FLR (SOFR - 1 day + 1.135%) to 10/23/2030 | $&nbsp;&nbsp;216000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;215472 |
| Goldman Sachs Group, Inc., 5.016% to 10/23/2034, FLR (SOFR - 1 day + 1.42%) to 10/23/2035 | &nbsp;&nbsp;495000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;479637 |
| HSBC Holdings PLC, 2.099% to 6/04/2025, FLR (SOFR - 1 day + 1.929%) to 6/04/2026 | &nbsp;&nbsp;271000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;270275 |
| HSBC Holdings PLC, 5.13% to 3/03/2030, FLR (SOFR - 1 day + 1.29%) to 3/03/2031 | &nbsp;&nbsp;347000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;349767 |
| ING Groep N.V., 3.375%, 11/19/2032 | &nbsp;&nbsp;300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;338522 |
| JPMorgan Chase & Co., 5.581% to 4/22/2029, FLR (SOFR - 1 day + 1.16%) to 4/22/2030 | $&nbsp;&nbsp;343000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;355436 |
| JPMorgan Chase & Co., 4.603% to 10/22/2029, FLR (SOFR - 1 day + 1.04%) to 10/22/2030 | &nbsp;&nbsp;546000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;545631 |
| JPMorgan Chase & Co., 1.953% to 2/04/2031, FLR (SOFR - 1 day + 1.065%) to 2/04/2032 | &nbsp;&nbsp;639000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;548625 |
| JPMorgan Chase & Co., 3.588%, 1/23/2036 | &nbsp;&nbsp;400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;444037 |

---

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Major Banks – continued | Major Banks – continued | Major Banks – continued |
| mBank S.A., 4.034% to 9/27/2029, FLR (EURIBOR - 3mo. + 1.75%) to 9/27/2030 | &nbsp;&nbsp;400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$454273 |
| Mitsubishi UFJ Financial Group, Inc., 2.494% to 10/13/2031, FLR (CMT - 1yr. + 0.97%) to 10/13/2032 | $&nbsp;&nbsp;550000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;477087 |
| Morgan Stanley, 1.593% to 5/04/2026, FLR (SOFR - 1 day + 0.879%) to 5/04/2027 | &nbsp;&nbsp;312000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;302930 |
| Morgan Stanley, 3.622% to 4/01/2030, FLR (SOFR - 1 day + 3.12%) to 4/01/2031 | &nbsp;&nbsp;550000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;521925 |
| Morgan Stanley, 5.424% to 7/21/2033, FLR (SOFR - 1 day + 1.88%) to 7/21/2034 | &nbsp;&nbsp;222000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;224335 |
| Morgan Stanley, 5.213%, 10/24/2035 | &nbsp;&nbsp;560000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;727434 |
| Nationwide Building Society, 5.532% to 1/13/2032, FLR (BPISDS01 + 1.474%) to 1/13/2033 | &nbsp;&nbsp;600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;803040 |
| Nationwide Building Society, 4%, 7/30/2035 | &nbsp;&nbsp;320000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;363010 |
| NatWest Group PLC, 3.673% to 8/05/2030, FLR (EURIBOR - 3mo. + 1.097%) to 8/05/2031 | &nbsp;&nbsp;170000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;196078 |
| NatWest Markets PLC, 3.125%, 1/10/2030 | &nbsp;&nbsp;510000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;581030 |
| PNC Financial Services Group, Inc., 5.676% to 1/22/2034, FLR (SOFR - 1 day + 1.902%) to 1/22/2035 | $&nbsp;&nbsp;287000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;292521 |
| PNC Financial Services Group, Inc., 5.575% to 1/29/2035, FLR (SOFR - 1 day + 1.394%) to 1/29/2036 | &nbsp;&nbsp;176000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;178146 |
| Société Générale S.A., 3.75% to 7/15/2030, FLR (EURIBOR - 3mo. + 1.45%) to 7/15/2031 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;228205 |
| Société Générale S.A., 3.75%, 5/17/2035 | &nbsp;&nbsp;300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;334064 |
| UBS Group AG, 2.746% to 2/11/2032, FLR (CMT - 1yr. + 1.1%) to 2/11/2033 (n) | $1356000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1160677 |
| UniCredit S.p.A., 2.569% to 9/22/2025, FLR (CMT - 1yr. + 2.3%) to 9/22/2026 (n) | &nbsp;&nbsp;530000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;525065 |
| UniCredit S.p.A., 3.8% to 1/16/2032, FLR (EURIBOR - 3mo. +1.4%) to 1/16/2033 | &nbsp;&nbsp;660000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;753957 |
| Wells Fargo & Co., 5.244% to 1/24/2030, FLR (SOFR - 1 day + 1.11%) to 1/24/2031 | $&nbsp;&nbsp;262000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;267433 |
| Wells Fargo & Co., 3.35% to 3/02/2032, FLR (SOFR - 1 day + 1.5%) to 3/02/2033 | &nbsp;&nbsp;268000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;240631 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$17409940 |
| Medical & Health Technology & Services – 3.7% | Medical & Health Technology & Services – 3.7% | Medical & Health Technology & Services – 3.7% |
| 180 Medical, Inc., 3.875%, 10/15/2029 (n) | $&nbsp;&nbsp;765000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$716402 |
| Acadia Healthcare Co., Inc., 7.375%, 3/15/2033 (n) | &nbsp;&nbsp;395000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;394657 |
| Bausch & Lomb Escrow Corp., 8.375%, 10/01/2028 (n) | &nbsp;&nbsp;427000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;443568 |
| Charles River Laboratories International, Inc., 3.75%, 3/15/2029 (n) | &nbsp;&nbsp;525000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;480610 |
| CHS/Community Health Systems, Inc., 8%, 12/15/2027 (n) | &nbsp;&nbsp;356000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;356177 |

---

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Medical & Health Technology & Services – continued | Medical & Health Technology & Services – continued | Medical & Health Technology & Services – continued |
| CHS/Community Health Systems, Inc., 6.125%, 4/01/2030 (n) | $&nbsp;&nbsp;295000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$201159 |
| CHS/Community Health Systems, Inc., 5.25%, 5/15/2030 (n) | 1190000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1015251 |
| Concentra, Inc., 6.875%, 7/15/2032 (n) | &nbsp;&nbsp;531000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;543636 |
| Encompass Health Corp., 5.75%, 9/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp;52000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51875 |
| Encompass Health Corp., 4.75%, 2/01/2030 | &nbsp;&nbsp;643000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;624780 |
| Encompass Health Corp., 4.625%, 4/01/2031 | &nbsp;&nbsp;202000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;192301 |
| HCA, Inc., 5.45%, 9/15/2034 | &nbsp;&nbsp;131000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129984 |
| HCA, Inc., 5.125%, 6/15/2039 | &nbsp;&nbsp;235000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;216722 |
| IQVIA, Inc., 5%, 5/15/2027 (n) | &nbsp;&nbsp;654000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;648785 |
| IQVIA, Inc., 6.5%, 5/15/2030 (n) | &nbsp;&nbsp;400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;406411 |
| Lifepoint Health, Inc., 9.875%, 8/15/2030 (n) | &nbsp;&nbsp;293000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;311671 |
| Lifepoint Health, Inc., 11%, 10/15/2030 (n) | &nbsp;&nbsp;322000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;352476 |
| Lifepoint Health, Inc., 10%, 6/01/2032 (n) | &nbsp;&nbsp;212000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;205640 |
| New York Society for the Relief of the Ruptured & Crippled, 2.667%, 10/01/2050 | &nbsp;&nbsp;318000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190055 |
| ProMedica Toledo Hospital, "B", AGM, 6.015%, 11/15/2048 | &nbsp;&nbsp;205000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198611 |
| Surgery Center Holdings, Inc., 7.25%, 4/15/2032 (n) | &nbsp;&nbsp;408000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;407074 |
| Tenet Healthcare Corp., 6.125%, 10/01/2028 | &nbsp;&nbsp;329000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;328213 |
| Tenet Healthcare Corp., 6.125%, 6/15/2030 | &nbsp;&nbsp;888000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;891045 |
| Thermo Fisher Scientific Finance I B.V., 2%, 10/18/2051 | &nbsp;&nbsp;330000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242083 |
| U.S. Acute Care Solutions LLC, 9.75%, 5/15/2029 (n) | $&nbsp;&nbsp;491000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;498454 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$10047640 |
| Medical Equipment – 0.8% | Medical Equipment – 0.8% | Medical Equipment – 0.8% |
| Insulet Corp., 6.5%, 4/01/2033 (n) | $&nbsp;&nbsp;346000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$352991 |
| Medline Borrower LP, 3.875%, 4/01/2029 (n) | &nbsp;&nbsp;256000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;238802 |
| Medline Borrower LP, 5.25%, 10/01/2029 (n) | &nbsp;&nbsp;727000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;690386 |
| Medline Borrower LP/Medline Co-Issuer, Inc., 6.25%, 4/01/2029 (n) | &nbsp;&nbsp;354000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;356709 |
| Stryker Corp., 5.2%, 2/10/2035 | &nbsp;&nbsp;468000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;471656 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2110544 |
| Metals & Mining – 2.0% | Metals & Mining – 2.0% | Metals & Mining – 2.0% |
| Anglo American Capital PLC, 5.625%, 4/01/2030 (n) | $&nbsp;&nbsp;371000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$380389 |
| Baffinland Iron Mines Corp./Baffinland Iron Mines LP, 8.75%, 7/15/2026 (n) | &nbsp;&nbsp;533000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;468351 |
| Cleveland-Cliffs, Inc., 7%, 3/15/2032 (n) | &nbsp;&nbsp;348000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;326941 |
| FMG Resources Ltd., 4.375%, 4/01/2031 (n) | 1511000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1367503 |
| Mineral Resources Ltd., 9.25%, 10/01/2028 (n) | &nbsp;&nbsp;199000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;188197 |
| Novelis, Inc., 4.75%, 1/30/2030 (n) | &nbsp;&nbsp;576000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;535614 |
| Novelis, Inc., 6.875%, 1/30/2030 (n) | &nbsp;&nbsp;300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;304322 |
| Novelis, Inc., 3.875%, 8/15/2031 (n) | &nbsp;&nbsp;315000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;271871 |

---

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Metals & Mining – continued | Metals & Mining – continued | Metals & Mining – continued |
| Petra Diamonds US$ Treasury PLC, 9.75%, 3/08/2026 (n) | $263919 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$142545 |
| Rio Tinto Finance (USA) PLC, 5%, 3/14/2032 | 656000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;660426 |
| Samarco Mineracao S.A., 9% PIK to 12/30/2025, (4% Cash + 5% PIK) to 12/30/2026, (5.5% Cash + 3.5% PIK) to 12/30/2027, 9.25% Cash to 12/30/2029, 9.5% Cash to 6/30/2031 (p) | 430472 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;405149 |
| Taseko Mines Ltd., 8.25%, 5/01/2030 (n) | 494000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;498795 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5550103 |
| Midstream – 5.5% | Midstream – 5.5% | Midstream – 5.5% |
| Buckeye Partners LP, 6.75%, 2/01/2030 (n) | $300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$305252 |
| Buckeye Partners LP, 5.85%, 11/15/2043 | 147000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123424 |
| Columbia Pipelines Operating Co. LLC, 6.036%, 11/15/2033 (n) | 169000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;174624 |
| Columbia Pipelines Operating Co. LLC, 6.544%, 11/15/2053 (n) | 379000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;386010 |
| Delek Logistics Partners LP/Delek Logistics Corp., 8.625%, 3/15/2029 (n) | 602000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;617991 |
| DT Midstream, Inc., 4.125%, 6/15/2029 (n) | 566000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;531207 |
| DT Midstream, Inc., 4.375%, 6/15/2031 (n) | 769000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;708278 |
| Eastern Energy Gas Holdings LLC, 5.65%, 10/15/2054 | 396000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;372583 |
| Energy Transfer LP, 5.95%, 5/15/2054 | 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;227277 |
| Galaxy Pipeline Assets Bidco Ltd., 2.16%, 3/31/2034 (n) | 388462 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;342046 |
| Genesis Energy LP/Genesis Energy Finance Corp., 8.25%, 1/15/2029 | 548000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;556938 |
| Kinetik Holdings, Inc., 5.875%, 6/15/2030 (n) | 517000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;505135 |
| NFE Financing LLC, 12%, 11/15/2029 (n) | 348036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;239564 |
| NuStar Logistics LP, 6.375%, 10/01/2030 | 599000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;608166 |
| Pembina Pipeline Corp., 4.81%, 3/25/2044 | 617000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;415076 |
| Peru LNG, 5.375%, 3/22/2030 | $872570 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;789035 |
| Plains All American Pipeline LP, 5.7%, 9/15/2034 | 409000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;404509 |
| Prairie Acquiror LP, 9%, 8/01/2029 (n) | 448000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;451454 |
| Rockies Express Pipeline LLC, 4.95%, 7/15/2029 (n) | &nbsp;&nbsp;59000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56399 |
| Rockies Express Pipeline LLC, 6.75%, 3/15/2033 (n) | 194000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197111 |
| Rockies Express Pipeline LLC, 7.5%, 7/15/2038 (n) | 203000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;199188 |
| Rockies Express Pipeline LLC, 6.875%, 4/15/2040 (n) | 581000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;548473 |
| Sunoco LP, 7.25%, 5/01/2032 (n) | 612000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;634653 |
| Tallgrass Energy Partners LP, 5.5%, 1/15/2028 (n) | 849000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;825427 |
| Tallgrass Energy Partners LP, 7.375%, 2/15/2029 (n) | 334000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;332784 |
| Targa Resources Corp., 4.2%, 2/01/2033 | 131000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119630 |
| Targa Resources Corp., 4.95%, 4/15/2052 | 325000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;261719 |
| TransMontaigne Partners LLC, 8.5%, 6/15/2030 (n) | 298000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;299933 |
| Venture Global Calcasieu Pass LLC, 3.875%, 8/15/2029 (n) | 242000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;221630 |

---

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Midstream – continued | Midstream – continued | Midstream – continued |
| Venture Global Calcasieu Pass LLC, 4.125%, 8/15/2031 (n) | $945000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$848944 |
| Venture Global LNG, Inc., 8.125%, 6/01/2028 (n) | 441000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;437946 |
| Venture Global LNG, Inc., 9.5%, 2/01/2029 (n) | 542000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;561638 |
| Venture Global LNG, Inc., 7%, 1/15/2030 (n) | 254000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;239268 |
| Venture Global LNG, Inc., 8.375%, 6/01/2031 (n) | 740000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;713594 |
| Venture Global LNG, Inc., 9% to 9/30/2029, FLR (CMT - 5yr. + 5.44%) to 3/30/2173 (n) | 622000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;534631 |
| Venture Global Plaquemines LNG LLC, 7.5%, 5/01/2033 (n) | 174000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;178508 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$14970045 |
| Municipals – 0.5% | Municipals – 0.5% | Municipals – 0.5% |
| Massachusetts Educational Financing Authority, Education Loan Rev., Taxable, "A", 2.641%, 7/01/2037 | $435000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$403807 |
| Michigan Finance Authority Hospital Rev., Taxable (Trinity Health Credit Group), 3.384%, 12/01/2040 | 605000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;496646 |
| National Finance Authority, NH, Utility Refunding Rev., Taxable (Wheeling Power Co. Project), "A", 6.89%, 4/01/2034 | 355000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;368308 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1268761 |
| Natural Gas - Distribution – 0.6% | Natural Gas - Distribution – 0.6% | Natural Gas - Distribution – 0.6% |
| Boston Gas Co., 5.843%, 1/10/2035 (n) | $594000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$611699 |
| Engie S.A., 1.375%, 2/28/2029 | 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;322568 |
| Vier Gas Transport GmbH, 3.375%, 11/11/2031 | 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;564834 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1499101 |
| Natural Gas - Pipeline – 0.4% | Natural Gas - Pipeline – 0.4% | Natural Gas - Pipeline – 0.4% |
| APA Infrastructure Ltd., 5.125%, 9/16/2034 (n) | $362000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$350314 |
| APA Infrastructure Ltd., 2.5%, 3/15/2036 | 740000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;716417 |
| APA Infrastructure Ltd., 5.75%, 9/16/2044 (n) | $136000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130645 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1197376 |
| Network & Telecom – 0.8% | Network & Telecom – 0.8% | Network & Telecom – 0.8% |
| Altice Financing S.A., 5.75%, 8/15/2029 (n) | $240000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$177005 |
| Frontier Communications Holdings LLC, 6.75%, 5/01/2029 (n) | 601000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;603522 |
| Iliad Holding S.A.S., 7%, 10/15/2028 (n) | 640000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;647803 |
| Iliad Holding S.A.S., 5.375%, 4/15/2030 (n) | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115695 |
| Iliad Holding S.A.S., 6.875%, 4/15/2031 (n) | 233000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;281455 |
| Orange S.A., 1.375%, 9/04/2049 | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149061 |
| TDC Net A/S, 5%, 8/09/2032 (w) | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114132 |
| Windstream Services, LLC / Windstream Escrow, 8.25%, 10/01/2031 (n) | $199000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;203720 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2292393 |

---

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Oil Services – 0.4% | Oil Services – 0.4% | Oil Services – 0.4% |
| Nabors Industries, Inc., 8.875%, 8/15/2031 (n) | $545000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$369640 |
| U.S.A. Compression Partners LP/Finance Co., 7.125%, 3/15/2029 (n) | 601000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;606824 |
| Valaris Ltd., 8.375%, 4/30/2030 (n) | 247000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;231436 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1207900 |
| Oils – 0.3% | Oils – 0.3% | Oils – 0.3% |
| Marathon Petroleum Corp., 5.7%, 3/01/2035 | $491000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$480122 |
| Raizen Fuels Finance S.A., 6.45%, 3/05/2034 (n) | 402000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;399501 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$879623 |
| Other Banks & Diversified Financials – 2.4% | Other Banks & Diversified Financials – 2.4% | Other Banks & Diversified Financials – 2.4% |
| AIB Group PLC, 6.608% to 9/13/2028, FLR (SOFR - 1 day + 2.33%) to 9/13/2029 (n) | $621000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$656630 |
| AIB Group PLC, 3.75% to 3/20/2032, FLR (EUR ICE Swap Rate - 1yr. + 1.25%) to 3/20/2033 | 750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;849043 |
| AIB Group PLC, 5.871% to 3/28/2034, FLR (SOFR - 1 day + 1.91%) to 3/28/2035 (n) | $400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;407964 |
| AIB Group PLC, 6% to 1/14/2032, FLR (EUR ICE Swap Rate - 5yr. + 3.705%) to 7/14/2173 | 420000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;457120 |
| BPCE S.A., 2.277% to 1/20/2031, FLR (SOFR - 1 day + 1.312%) to 1/20/2032 (n) | $500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;424214 |
| BPCE S.A., 3.875% to 2/26/2035, FLR (EURIBOR - 3mo. + 1.45%) to 2/26/2036 | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;223199 |
| CaixaBank S.A., 3.75%, 1/27/2036 | 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;337983 |
| Commerzbank AG, 3.625%, 1/14/2032 | 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;340535 |
| Coventry Building Society, 3.125%, 10/29/2029 | 220000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;249817 |
| Deutsche Bank AG, 3.375% to 2/13/2030, FLR (EURIBOR - 3mo. + 1.25%) to 2/13/2031 | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;225115 |
| Deutsche Bank AG, 7.125% to 4/30/2031, FLR (EUR ICE Swap Rate - 5yr. + 4.6%) to 4/30/2173 | 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;437564 |
| Intesa Sanpaolo S.p.A., 7.2%, 11/28/2033 (n) | $318000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;352522 |
| Intesa Sanpaolo S.p.A., 7.8%, 11/28/2053 (n) | 209000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;235656 |
| M&T Bank Corp., 6.082% to 3/13/2031, FLR (SOFR - 1 day + 2.26%) to 3/13/2032 | 172000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;178973 |
| Manufacturers and Traders Trust Co., 4.7%, 1/27/2028 | 359000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;360828 |
| PKO Bank Polski S.A., 3.875% to 9/12/2026, FLR (EURIBOR - 3mo. + 1.4%) to 9/12/2027 | 340000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;388196 |
| Truist Financial Corp., 5.435% to 1/24/2029, FLR (SOFR - 1 day + 1.62%) to 1/24/2030 | $239000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;244194 |
| Truist Financial Corp., 5.711% to 1/24/2034, FLR (SOFR - 1 day + 1.922%) to 1/24/2035 | 174000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177003 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6546556 |

---

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Pharmaceuticals – 1.3% | Pharmaceuticals – 1.3% | Pharmaceuticals – 1.3% |
| 1261229 B.C. Ltd., 10%, 4/15/2032 (n) | $400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$391670 |
| AbbVie, Inc., 4.875%, 3/15/2030 | 243000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248349 |
| AbbVie, Inc., 5.35%, 3/15/2044 | 226000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;218587 |
| AbbVie, Inc., 5.4%, 3/15/2054 | 282000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;270200 |
| Bausch Health Co., Inc., 4.875%, 6/01/2028 (n) | 386000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;313490 |
| Bausch Health Co., Inc., 5.25%, 1/30/2030 (n) | 214000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125275 |
| Bristol-Myers Squibb Co., 5.5%, 2/22/2044 | 188000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184294 |
| Eli Lilly & Co., 5.5%, 2/12/2055 | 418000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;419090 |
| Grifols S.A., 3.875%, 10/15/2028 | 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;265512 |
| Johnson & Johnson, 3.05%, 2/26/2033 | 220000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;249649 |
| Organon Finance 1 LLC, 4.125%, 4/30/2028 (n) | $580000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;547038 |
| Sandoz Finance B.V., 4%, 3/26/2035 | 210000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;239224 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3472378 |
| Pollution Control – 0.5% | Pollution Control – 0.5% | Pollution Control – 0.5% |
| GFL Environmental, Inc., 4%, 8/01/2028 (n) | $530000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$504856 |
| GFL Environmental, Inc., 3.5%, 9/01/2028 (n) | 179000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;169743 |
| GFL Environmental, Inc., 6.75%, 1/15/2031 (n) | 349000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;362786 |
| Wrangler Holdco Corp., 6.625%, 4/01/2032 (n) | 238000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;244314 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1281699 |
| Precious Metals & Minerals – 0.8% | Precious Metals & Minerals – 0.8% | Precious Metals & Minerals – 0.8% |
| Coeur Mining, Inc., 5.125%, 2/15/2029 (n) | $198000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$187835 |
| Eldorado Gold Corp., 6.25%, 9/01/2029 (n) | 608000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;599308 |
| IAMGOLD Corp., 5.75%, 10/15/2028 (n) | 552000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;546821 |
| New Gold, Inc., 6.875%, 4/01/2032 (n) | 394000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;402968 |
| Northern Star Resources Ltd. Co., 6.125%, 4/11/2033 (n) | 346000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;356071 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2093003 |
| Printing & Publishing – 0.2% | Printing & Publishing – 0.2% | Printing & Publishing – 0.2% |
| News Corp., 3.875%, 5/15/2029 (n) | $520000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$489250 |
| Railroad & Shipping – 0.1% | Railroad & Shipping – 0.1% | Railroad & Shipping – 0.1% |
| Burlington Northern Sante Fe LLC, 5.5%, 3/15/2055 | $397000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$389859 |
| Real Estate - Healthcare – 0.2% | Real Estate - Healthcare – 0.2% | Real Estate - Healthcare – 0.2% |
| MPT Operating Partnership LP/MPT Finance Corp., REIT, 5%, 10/15/2027 | $194000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$171401 |
| MPT Operating Partnership LP/MPT Finance Corp., REIT, 8.5%, 2/15/2032 (n) | 350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;355594 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$526995 |

---

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Real Estate - Office – 0.8% | Real Estate - Office – 0.8% | Real Estate - Office – 0.8% |
| Alexandrite Monnet UK Holdco PLC, 10.5%, 5/15/2029 | 390000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$484877 |
| Boston Properties LP, REIT, 3.65%, 2/01/2026 | $363000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;359263 |
| Boston Properties LP, REIT, 2.75%, 10/01/2026 | 204000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197784 |
| Corporacion Inmobiliaria Vesta S.A.B. de C.V., 3.25%, 1/22/2030 | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;227685 |
| Corporate Office Property LP, REIT, 2.25%, 3/15/2026 | $245000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;239035 |
| Corporate Office Property LP, REIT, 2%, 1/15/2029 | &nbsp;&nbsp;95000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85022 |
| Corporate Office Property LP, REIT, 2.75%, 4/15/2031 | 208000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;180208 |
| Cousins Properties, Inc., REIT, 5.875%, 10/01/2034 | 451000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;451290 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2225164 |
| Real Estate - Other – 0.9% | Real Estate - Other – 0.9% | Real Estate - Other – 0.9% |
| EPR Properties, REIT, 3.6%, 11/15/2031 | $630000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$556966 |
| Park Intermediate Holdings LLC, 4.875%, 5/15/2029 (n) | 508000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;475573 |
| RHP Hotel Properties LP/RHP Finance Corp., 7.25%, 7/15/2028 (n) | 859000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;882793 |
| XHR LP, REIT, 4.875%, 6/01/2029 (n) | 637000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;598755 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2514087 |
| Real Estate - Retail – 0.7% | Real Estate - Retail – 0.7% | Real Estate - Retail – 0.7% |
| Choice Properties, REIT, 5.03%, 2/28/2031 | 639000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$484061 |
| Hammerson PLC, 5.875%, 10/08/2036 | 138000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176150 |
| STORE Capital Corp., REIT, 2.75%, 11/18/2030 | $347000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;304632 |
| STORE Capital Corp., REIT, 2.7%, 12/01/2031 | 266000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;225166 |
| WEA Finance LLC, 4.125%, 9/20/2028 (n) | 322000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;315237 |
| WEA Finance LLC, REIT, 2.875%, 1/15/2027 (n) | 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;388083 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1893329 |
| Restaurants – 0.5% | Restaurants – 0.5% | Restaurants – 0.5% |
| 1011778 B.C. ULC/New Red Finance, Inc., 6.125%, 6/15/2029 (n) | $383000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$389057 |
| 1011778 B.C. ULC/New Red Finance, Inc., 4%, 10/15/2030 (n) | 358000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;325792 |
| Fertitta Entertainment LLC, 6.75%, 1/15/2030 (n) | 549000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;480324 |
| New Red Finance, Inc., 5.625%, 9/15/2029 (n) | 251000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250169 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1445342 |
| Retailers – 1.5% | Retailers – 1.5% | Retailers – 1.5% |
| Hanesbrands, Inc., 9%, 2/15/2031 (n) | $199000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$206163 |
| Home Depot, Inc., 4.875%, 2/15/2044 | 129000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117941 |
| Home Depot, Inc., 3.625%, 4/15/2052 | 379000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;274100 |
| L Brands, Inc., 6.625%, 10/01/2030 (n) | 649000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;660426 |
| Macy's Retail Holdings LLC, 5.875%, 4/01/2029 (n) | 488000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;462776 |
| Mavis Tire Express Services Corp., 6.5%, 5/15/2029 (n) | 351000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;323648 |

---

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Retailers – continued | Retailers – continued | Retailers – continued |
| Maxeda DIY Holding B.V., 5.875%, 10/01/2026 | 310000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$288603 |
| Parkland Corp., 4.625%, 5/01/2030 (n) | $876000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;824512 |
| Parkland Corp., 6.625%, 8/15/2032 (n) | 102000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101530 |
| Penske Automotive Group Co., 3.75%, 6/15/2029 | 655000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;607262 |
| Saks Global Enterprises, 11%, 12/15/2029 (n) | 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;151634 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4018595 |
| Specialty Chemicals – 0.6% | Specialty Chemicals – 0.6% | Specialty Chemicals – 0.6% |
| International Flavors & Fragrances, Inc., 1.832%, 10/15/2027 (n) | $257000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$240125 |
| International Flavors & Fragrances, Inc., 4.375%, 6/01/2047 | 448000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;337638 |
| International Flavors & Fragrances, Inc., 5%, 9/26/2048 | 411000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;341937 |
| Linde PLC, 1.625%, 3/31/2035 | 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;289020 |
| Linde PLC, 3.25%, 2/18/2037 | 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;554062 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1762782 |
| Specialty Stores – 0.9% | Specialty Stores – 0.9% | Specialty Stores – 0.9% |
| Carvana Co., 9% (9% Cash or 12% PIK) to 8/15/2025, 9% Cash to 12/01/2028 (n)(p) | $173602 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$178471 |
| Carvana Co., 14% (9% Cash or 14% PIK) to 8/15/2025, 9% Cash to 6/01/2031 (n)(p) | 641425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;721959 |
| DICK'S Sporting Goods, 4.1%, 1/15/2052 | 427000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;292570 |
| Michael Cos., Inc., 5.25%, 5/01/2028 (n) | 287000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149550 |
| Michael Cos., Inc., 7.875%, 5/01/2029 (n) | 322000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110662 |
| PetSmart, Inc./PetSmart Finance Corp., 7.75%, 2/15/2029 (n) | 815000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;759071 |
| Richemont International S.A., 1.625%, 5/26/2040 | 210000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;178471 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2390754 |
| Supermarkets – 1.1% | Supermarkets – 1.1% | Supermarkets – 1.1% |
| Albertsons Cos., LLC / Safeway, Inc., 6.25%, 3/15/2033 (n) | $986000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1000343 |
| KeHE Distributors LLC/KeHE Finance Corp., 9%, 2/15/2029 (n) | 677000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;692572 |
| Kroger Co., 5.5%, 9/15/2054 | 328000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;306814 |
| Ocado Group PLC, 10.5%, 8/08/2029 | 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400310 |
| Tesco Corporate Treasury Services PLC, 3.375%, 5/06/2032 (w) | 220000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;247193 |
| Tesco Corporate Treasury Services PLC, 5.125%, 5/22/2034 | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;252513 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2899745 |

---

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Telecommunications - Wireless – 1.7% | Telecommunications - Wireless – 1.7% | Telecommunications - Wireless – 1.7% |
| Altice France S.A., 5.5%, 1/15/2028 (n) | $683000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$565452 |
| Altice France S.A., 5.125%, 7/15/2029 (n) | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;163177 |
| American Tower Corp., 5.45%, 2/15/2034 | 464000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;471329 |
| Millicom International Cellular S.A., 4.5%, 4/27/2031 (n) | 625000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;556650 |
| SBA Communications Corp., 3.125%, 2/01/2029 | 779000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;721724 |
| Telefónica Celular del Paraguay S.A., 5.875%, 4/15/2027 (n) | 576000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;571398 |
| T-Mobile USA, Inc., 3.875%, 4/15/2030 | 126000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121578 |
| T-Mobile USA, Inc., 5.75%, 1/15/2034 | 113000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117480 |
| T-Mobile USA, Inc., 3.5%, 2/11/2037 | 350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;378745 |
| Vodafone Group PLC, 5.625%, 2/10/2053 | $360000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;333913 |
| Zegona Finance PLC, 6.75%, 7/15/2029 (n) | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119686 |
| Zegona Finance PLC, 8.625%, 7/15/2029 (n) | $531000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;564676 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4685808 |
| Telephone Services – 0.8% | Telephone Services – 0.8% | Telephone Services – 0.8% |
| Deutsche Telekom AG, 3.625%, 2/03/2045 | 220000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$232212 |
| Koninklijke KPN N.V., 3.375%, 2/17/2035 | 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;445076 |
| Level 3 Financing, Inc., 11%, 11/15/2029 (n) | $299781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;335005 |
| Level 3 Financing, Inc., 3.875%, 10/15/2030 (n) | 324763 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;256141 |
| TELUS Corp., 2.85%, 11/13/2031 | 912000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;616860 |
| Uniti Group/CSL Capital Co., 6.5%, 2/15/2029 (n) | $395000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;361358 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2246652 |
| Tobacco – 0.9% | Tobacco – 0.9% | Tobacco – 0.9% |
| B.A.T. International Finance PLC, 4.125%, 4/12/2032 | 540000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$624467 |
| Imperial Brands Finance PLC, 5.5%, 2/01/2030 (n) | $445000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;457304 |
| Japan Tobacco, Inc., 5.25%, 6/15/2030 (n) | 416000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;430185 |
| Philip Morris International, Inc., 4.75%, 11/01/2031 | 440000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;441570 |
| Turning Point Brands, Inc., 7.625%, 3/15/2032 (n) | 395000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;410469 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2363995 |
| Transportation - Services – 1.2% | Transportation - Services – 1.2% | Transportation - Services – 1.2% |
| Aeroporti Di Roma S.p.A, 3.625%, 6/15/2032 (w) | 420000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$473737 |
| Avis Budget Finance PLC, 7.25%, 7/31/2030 (n) | 447000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500687 |
| Cofiroute S.A., 3.125%, 3/06/2033 | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;223760 |
| DSV Finance B.V., 3.25%, 11/06/2030 | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114421 |
| DSV Finance B.V., 3.375%, 11/06/2032 | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113922 |
| DSV Finance B.V., 3.375%, 11/06/2034 | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111204 |
| Element Fleet Management Corp., 6.271%, 6/26/2026 (n) | $238000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242064 |
| Element Fleet Management Corp., 6.319%, 12/04/2028 (n) | 111000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116761 |
| Element Fleet Management Corp., 5.037%, 3/25/2030 (n) | 409000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;406993 |
| Heathrow Funding Ltd., 6%, 3/05/2032 | 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;398752 |

---

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Transportation - Services – continued | Transportation - Services – continued | Transportation - Services – continued |
| Heathrow Funding Ltd., 3.875%, 1/16/2038 | &nbsp;&nbsp;420000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$473669 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3175970 |
| U.S. Treasury Obligations – 5.2% | U.S. Treasury Obligations – 5.2% | U.S. Treasury Obligations – 5.2% |
| U.S. Treasury Bonds, 2.375%, 2/15/2042 (f) | $9432000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6915203 |
| U.S. Treasury Bonds, 4.625%, 5/15/2054 (f) | 3890000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3834841 |
| U.S. Treasury Notes, 4.625%, 2/15/2035 | 3304000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3427900 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$14177944 |
| Utilities - Electric Power – 6.5% | Utilities - Electric Power – 6.5% | Utilities - Electric Power – 6.5% |
| Adani Electricity Mumbai Ltd., 3.949%, 2/12/2030 (n) | $&nbsp;&nbsp;720000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$622700 |
| Berkshire Hathaway Energy Co., 5.15%, 11/15/2043 | &nbsp;&nbsp;&nbsp;&nbsp;94000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87578 |
| Berkshire Hathaway Energy Co., 4.6%, 5/01/2053 | &nbsp;&nbsp;&nbsp;&nbsp;79000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64510 |
| Bruce Power LP, 2.68%, 12/21/2028 | &nbsp;&nbsp;264000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;186370 |
| Bruce Power LP, 4.7%, 6/21/2031 | &nbsp;&nbsp;238000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;179845 |
| Bruce Power LP, 4.27%, 12/21/2034 | &nbsp;&nbsp;594000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;426193 |
| Calpine Corp., 4.5%, 2/15/2028 (n) | $&nbsp;&nbsp;570000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;557510 |
| Centrais Eletricas Brasileiras S.A., 6.5%, 1/11/2035 (n) | &nbsp;&nbsp;207000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;203218 |
| Clearway Energy Operating LLC, 3.75%, 2/15/2031 (n) | 1153000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1026485 |
| Clearway Energy Operating LLC, 3.75%, 1/15/2032 (n) | &nbsp;&nbsp;173000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150028 |
| Duke Energy Florida LLC, 6.2%, 11/15/2053 | &nbsp;&nbsp;366000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;384006 |
| E.ON International Finance B.V., 5.875%, 10/30/2037 | &nbsp;&nbsp;300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400690 |
| Edison International, 4.7%, 8/15/2025 | $&nbsp;&nbsp;420000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;419097 |
| Enel Finance International N.V., 2.5%, 7/12/2031 (n) | &nbsp;&nbsp;284000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;246823 |
| Enel Finance International N.V., 3.875%, 1/23/2035 | &nbsp;&nbsp;320000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;367370 |
| Enel Finance International N.V., 3.5%, 2/24/2036 | &nbsp;&nbsp;320000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;352036 |
| Enel S.p.A., 4.5% to 1/14/2033, FLR (EUR ICE Swap Rate - 5yr. + 2.196%) to 1/14/2038, FLR (EUR ICE Swap Rate - 5yr. + 2.446%) to 1/14/2053, FLR (EUR ICE Swap Rate - 5yr. + 3.446%) to 1/14/2174 | &nbsp;&nbsp;460000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;508083 |
| ENGIE Energia Chile S.A., 6.375%, 4/17/2034 (n) | $&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;206221 |
| Entergy Corp., 0.9%, 9/15/2025 | &nbsp;&nbsp;561000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;553027 |
| Eversource Energy, 5.5%, 1/01/2034 | &nbsp;&nbsp;472000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;472052 |
| Georgia Power Co., 4.95%, 5/17/2033 | &nbsp;&nbsp;363000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;362077 |
| Hydro One, Inc., 4.25%, 1/04/2035 | &nbsp;&nbsp;728000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;536928 |
| Jersey Central Power & Light Co., 2.75%, 3/01/2032 (n) | $&nbsp;&nbsp;186000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;160479 |
| Jersey Central Power & Light Co., 5.1%, 1/15/2035 (n) | &nbsp;&nbsp;519000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;511515 |
| National Grid PLC, 3.875%, 1/16/2029 | &nbsp;&nbsp;560000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;658970 |
| NextEra Energy Capital Holdings, Inc., 5.749%, 9/01/2025 | $&nbsp;&nbsp;409000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;410277 |
| Northern States Power Co. of Minnesota, 5.05%, 5/15/2035 (w) | &nbsp;&nbsp;349000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;350184 |
| Oncor Electric Delivery Co. LLC, 5.35%, 4/01/2035 (n) | &nbsp;&nbsp;332000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;336157 |
| Pacific Gas & Electric Co., 6.1%, 1/15/2029 | &nbsp;&nbsp;170000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175684 |
| Pacific Gas & Electric Co., 6.4%, 6/15/2033 | &nbsp;&nbsp;164000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;169572 |

---

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

Portfolio of Investments (unaudited) – continued

---

| | | | |
|:---|:---|:---|:---|
| **Issuer** |  | **Shares/Par** | &nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued | Bonds – continued |
| Utilities - Electric Power – continued | Utilities - Electric Power – continued | Utilities - Electric Power – continued | Utilities - Electric Power – continued |
| Pacific Gas & Electric Co., 5.9%, 10/01/2054 | $| &nbsp;&nbsp;229000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$209582 |
| PG&E Corp., 5.25%, 7/01/2030 |  | &nbsp;&nbsp;856000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;824740 |
| PG&E Corp., 7.375% to 3/15/2030, FLR (CMT - 5yr. + 3.883%) to 3/15/2055 |  | &nbsp;&nbsp;249000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;241727 |
| PPL Electric Utilities Corp. 1st Mortgage, 5.25%, 5/15/2053 |  | &nbsp;&nbsp;512000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;483400 |
| Southern California Edison Co., 5.45%, 3/01/2035 |  | &nbsp;&nbsp;261000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;253375 |
| SSE PLC, 3.5%, 3/18/2032 | EUR | &nbsp;&nbsp;310000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;357015 |
| Star Energy Geothermal (Wayang Windu) Ltd., 6.75%, 4/24/2033 | $| &nbsp;&nbsp;587986 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;587995 |
| Terna Rete Elettrica Nazionale S.p.A., 3.125%, 2/17/2032 | EUR | &nbsp;&nbsp;460000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;516525 |
| TerraForm Global Operating LLC, 6.125%, 3/01/2026 (n) | $| &nbsp;&nbsp;189000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184788 |
| TerraForm Power Operating LLC, 5%, 1/31/2028 (n) |  | &nbsp;&nbsp;687000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;669139 |
| TerraForm Power Operating LLC, 4.75%, 1/15/2030 (n) |  | &nbsp;&nbsp;541000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;509906 |
| Xcel Energy, Inc., 4.6%, 6/01/2032 |  | &nbsp;&nbsp;237000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;228279 |
| Xcel Energy, Inc., 5.5%, 3/15/2034 |  | &nbsp;&nbsp;184000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184386 |
| Xcel Energy, Inc., 5.6%, 4/15/2035 |  | &nbsp;&nbsp;&nbsp;&nbsp;58000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58565 |
| XPLR Infrastructure Operating Partners LP, 4.5%, 9/15/2027 (n) |  | &nbsp;&nbsp;423000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;399920 |
| XPLR Infrastructure Operating Partners LP, 7.25%, 1/15/2029 (n) |  | &nbsp;&nbsp;561000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;555213 |
| XPLR Infrastructure Operating Partners LP, 8.375%, 1/15/2031 (n) |  | &nbsp;&nbsp;259000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;259951 |
| XPLR Infrastructure Operating Partners LP, 8.625%, 3/15/2033 (n) |  | &nbsp;&nbsp;122000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121743 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;$17731934 |
| Utilities - Gas – 0.4% | Utilities - Gas – 0.4% | Utilities - Gas – 0.4% | Utilities - Gas – 0.4% |
| EP Infrastructure A.S., 2.045%, 10/09/2028 | EUR | 1123000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1194358 |
| Utilities - Water – 0.1% | Utilities - Water – 0.1% | Utilities - Water – 0.1% | Utilities - Water – 0.1% |
| Severn Trent Water Ltd., 3.875%, 8/04/2035 | EUR | &nbsp;&nbsp;340000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$383827 |
| **Total Bonds (Identified Cost, $367,112,114)** | **Total Bonds (Identified Cost, $367,112,114)** |  | **$359430231** |
| Common Stocks – 0.1% | Common Stocks – 0.1% | Common Stocks – 0.1% | Common Stocks – 0.1% |
| Oil Services – 0.0% | Oil Services – 0.0% | Oil Services – 0.0% |  |
| LTRI Holdings LP (a)(u) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$142100 |
| Telecom Services – 0.1% | Telecom Services – 0.1% | Telecom Services – 0.1% |  |
| Intelsat Emergence S.A. (a) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5426 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$214327 |
| **Total Common Stocks (Identified Cost, $632,367)** | **Total Common Stocks (Identified Cost, $632,367)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$356427** |

---

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

Portfolio of Investments (unaudited) – continued

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Issuer** | **Strike<br> Price** | **First<br> Exercise** | **Shares/Par** | &nbsp;&nbsp;**Value ($)** |
| Warrants – 0.0% |  |  |  |  |
| Other Banks & Diversified Financials – 0.0% | Other Banks & Diversified Financials – 0.0% | Other Banks & Diversified Financials – 0.0% | Other Banks & Diversified Financials – 0.0% | Other Banks & Diversified Financials – 0.0% |
| Avation Capital S.A. (1 share for 1 warrant, Expiration 10/31/26) (a) (Identified Cost, $0) | GBP 1.14 | N/A | 7000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3218 |

---

---

| | | |
|:---|:---|:---|
| Mutual Funds (h) – 0.5% | Mutual Funds (h) – 0.5% | Mutual Funds (h) – 0.5% |
| Money Market Funds – 0.5% | Money Market Funds – 0.5% |  |
| MFS Institutional Money Market Portfolio, 4.36% (v) (Identified Cost, $1,223,946) | 1223949 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1223949 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Underlying/Expiration Date/Exercise Price** | **Put/Call** | **Counterparty** | **Notional<br> Amount** | &nbsp;&nbsp;&nbsp;**Par Amount/<br> Number of<br> Contracts** |  |
| Purchased Options – 0.0% | Purchased Options – 0.0% | Purchased Options – 0.0% | Purchased Options – 0.0% | Purchased Options – 0.0% |  |
| Market Index Securities – 0.0% | Market Index Securities – 0.0% | Market Index Securities – 0.0% | Market Index Securities – 0.0% | Market Index Securities – 0.0% |  |
| iTraxx Europe Crossover Series 43 Index Credit Default Swap - Fund pays 5%, Fund receives notional amount upon a defined credit event of an index constituent – June 2025 @ 4.25% (Premiums Paid, $70,841) | Put | Citibank N.A. | $6802123 | &nbsp;&nbsp;&nbsp; EUR 5,610,000 | $28660 |

---

---

| | |
|:---|:---|
| Other Assets, Less Liabilities – (32.7)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(88916915) |
| **Net Assets – 100.0%** | &nbsp;&nbsp;**$272125570** |

---

(a) Non-income producing security.

(f) All or a portion of the security has been segregated as collateral for open futures contracts.

(h) An affiliated issuer, which may be considered one in which the fund owns 5% or more of the outstanding voting securities, or a company which is under common
control. At period end, the aggregate values of the fund's investments in affiliated issuers and in unaffiliated issuers were $1,223,949 and $359,818,536, respectively.

(i) Interest only security for which the fund receives interest on notional principal (Par amount). Par amount shown is the notional principal and does not reflect the
cost of the security.

(n) Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in the ordinary course of business in transactions
exempt from registration, normally to qualified institutional buyers. At period end, the aggregate value of these securities was $198,309,255, representing 72.9% of net assets.

(p) Payment-in-kind (PIK) security for which interest income may be received in additional securities and/or cash.

(u) The security was valued using significant unobservable inputs and is considered level 3 under the fair value hierarchy. For further information about the
fund's level 3 holdings, please see Note 2 in the Notes to Financial Statements.

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

Portfolio of Investments (unaudited) – continued

(v) Affiliated issuer that is available only to investment companies managed by MFS. The rate quoted for the MFS Institutional Money Market Portfolio is the annualized seven-day yield of
the fund at period end.

(w) When-issued security.

---

| | |
|:---|:---|
| The following abbreviations are used in this report and are defined: | The following abbreviations are used in this report and are defined: |
| AGM | Assured Guaranty Municipal |
| BPISDS01 | 1-year SONIA linked ICE Swap Rate |
| CDO | Collateralized Debt Obligation |
| CLO | Collateralized Loan Obligation |
| CMT | Constant Maturity Treasury |
| EURIBOR | Euro Interbank Offered Rate |
| FLR | Floating Rate. Interest rate resets periodically based on the parenthetically disclosed reference rate plus a spread (if any). The period-end rate reported may not be the current rate. All reference rates are USD unless otherwise noted. |
| ICE | Intercontinental Exchange |
| NPFG | National Public Finance Guarantee Corp. |
| REIT | Real Estate Investment Trust |
| SOFR | Secured Overnight Financing Rate |
| SONIA | Sterling Overnight Index Average |
| Abbreviations indicate amounts shown in currencies other than the U.S. dollar. All amounts are stated in U.S. dollars unless otherwise indicated. A list of abbreviations is shown below: | Abbreviations indicate amounts shown in currencies other than the U.S. dollar. All amounts are stated in U.S. dollars unless otherwise indicated. A list of abbreviations is shown below: |
| AUD | Australian Dollar |
| BRL | Brazilian Real |
| CAD | Canadian Dollar |
| CHF | Swiss Franc |
| CLP | Chilean Peso |
| CNH | Chinese Yuan Renminbi (Offshore) |
| CZK | Czech Koruna |
| EUR | Euro |
| GBP | British Pound |
| HUF | Hungarian Forint |
| IDR | Indonesian Rupiah |
| INR | Indian Rupee |
| JPY | Japanese Yen |
| KRW | South Korean Won |
| MXN | Mexican Peso |
| NOK | Norwegian Krone |
| NZD | New Zealand Dollar |
| PEN | Peruvian Nuevo Sol |
| SEK | Swedish Krona |
| SGD | Singapore Dollar |
| UYU | Uruguayan Peso |
| ZAR | South African Rand |

---

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

Portfolio of Investments (unaudited) – continued

#### Derivative Contracts at 4/30/25

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Forward Foreign Currency Exchange Contracts** | **Forward Foreign Currency Exchange Contracts** | **Forward Foreign Currency Exchange Contracts** | **Forward Foreign Currency Exchange Contracts** | **Forward Foreign Currency Exchange Contracts** | **Forward Foreign Currency Exchange Contracts** | **Forward Foreign Currency Exchange Contracts** |
| **Currency<br> Purchased** | **Currency<br> Purchased** | **Currency<br> Sold** | **Currency<br> Sold** | **Counterparty** | **Settlement<br> Date** | **Unrealized<br> Appreciation<br> (Depreciation)** |
| **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** |
| AUD | &nbsp;&nbsp;&nbsp;&nbsp;1056841 | USD | 673456 | Deutsche Bank AG | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4102 |
| AUD | &nbsp;&nbsp;&nbsp;&nbsp;6771376 | USD | 4286800 | State Street Corp. | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54445 |
| BRL | &nbsp;&nbsp;&nbsp;&nbsp;2098221 | USD | 356241 | Goldman Sachs International | 6/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10853 |
| BRL | &nbsp;&nbsp;&nbsp;&nbsp;3851458 | USD | 669237 | JPMorgan Chase Bank N.A. | 6/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4594 |
| CAD | &nbsp;&nbsp;&nbsp;&nbsp;4141768 | USD | 2993572 | Citibank N.A. | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22531 |
| CAD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86824 | USD | 62905 | State Street Corp. | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;321 |
| CAD | &nbsp;&nbsp;&nbsp;&nbsp;2714331 | USD | 1964914 | UBS AG | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11705 |
| CNH | &nbsp;&nbsp;&nbsp;&nbsp;5899874 | USD | 815661 | JPMorgan Chase Bank N.A. | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;471 |
| CZK | &nbsp;&nbsp;16183771 | USD | 722006 | Citibank N.A. | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14053 |
| EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;203410 | USD | 225790 | HSBC Bank | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5705 |
| EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;923258 | USD | 1022724 | State Street Corp. | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28013 |
| GBP | &nbsp;&nbsp;&nbsp;&nbsp;1091182 | USD | 1424554 | Deutsche Bank AG | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30090 |
| JPY | 619585752 | USD | 4349817 | State Street Corp. | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20910 |
| MXN | &nbsp;&nbsp;27717876 | USD | 1344735 | JPMorgan Chase Bank N.A. | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54958 |
| NOK | &nbsp;&nbsp;43591066 | USD | 4096411 | Deutsche Bank AG | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93690 |
| NZD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153817 | USD | 89479 | Citibank N.A. | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2107 |
| PEN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140575 | USD | 37872 | Deutsche Bank AG | 7/24/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;377 |
| SEK | &nbsp;&nbsp;&nbsp;&nbsp;7174513 | USD | 735801 | State Street Corp. | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9810 |
| SGD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;925891 | USD | 698396 | State Street Corp. | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13426 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;600959 | CHF | 484280 | Deutsche Bank AG | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8913 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;633047 | CHF | 510346 | State Street Corp. | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9134 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;1040043 | EUR | 906530 | HSBC Bank | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8344 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;1114189 | EUR | 972997 | JPMorgan Chase Bank N.A. | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6846 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;779212 | EUR | 680540 | State Street Corp. | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4707 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;913215 | EUR | 799772 | UBS AG | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3014 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;1697516 | JPY | 240036153 | JPMorgan Chase Bank N.A. | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4235 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;627526 | NOK | 6521331 | JPMorgan Chase Bank N.A. | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;677 |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;670278 | SEK | 6437837 | Goldman Sachs International | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1226 |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;$429257 |
| **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** |
| CHF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;390729 | USD | 485059 | HSBC Bank | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(7382) |
| CHF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;594562 | USD | 739045 | UBS AG | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12176) |
| CLP | 634207011 | USD | 674704 | Goldman Sachs International | 7/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5217) |
| EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;336885 | USD | 383981 | HSBC Bank | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(581) |
| EUR | &nbsp;&nbsp;&nbsp;&nbsp;1802927 | USD | 2060769 | Merrill Lynch International | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8901) |
| EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;414084 | USD | 473571 | State Street Corp. | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2313) |
| IDR | 106020558 | USD | 6529 | Citibank N.A. | 5/05/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(142) |
| ZAR | &nbsp;&nbsp;&nbsp;&nbsp;7604596 | USD | 406576 | State Street Corp. | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(115) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;8587485 | AUD | 13861066 | State Street Corp. | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;(299081) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;346130 | BRL | 2047056 | Goldman Sachs International | 6/02/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12012) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;3828269 | CAD | 5288984 | BNP Paribas S.A. | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(23254) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;3926185 | CAD | 5423313 | Goldman Sachs International | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(23158) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;5383872 | CAD | 7432705 | Merrill Lynch International | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(28744) |

---

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

Portfolio of Investments (unaudited) – continued

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Forward Foreign Currency Exchange Contracts - continued** | **Forward Foreign Currency Exchange Contracts - continued** | **Forward Foreign Currency Exchange Contracts - continued** | **Forward Foreign Currency Exchange Contracts - continued** | **Forward Foreign Currency Exchange Contracts - continued** | **Forward Foreign Currency Exchange Contracts - continued** | **Forward Foreign Currency Exchange Contracts - continued** |
| **Currency<br> Purchased** | **Currency<br> Purchased** | **Currency<br> Sold** | **Currency<br> Sold** | **Counterparty** | **Settlement<br> Date** | **Unrealized<br> Appreciation<br> (Depreciation)** |
| **Liability Derivatives - continued** | **Liability Derivatives - continued** | **Liability Derivatives - continued** | **Liability Derivatives - continued** | **Liability Derivatives - continued** | **Liability Derivatives - continued** | **Liability Derivatives - continued** |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;1316672 | CNH | 9579706 | Goldman Sachs International | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(8494) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;1524354 | CNH | 11092265 | HSBC Bank | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10045) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;704417 | CZK | 15547814 | JPMorgan Chase Bank N.A. | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2718) |
| USD | &nbsp;&nbsp;10285348 | EUR | 9064451 | Barclays Bank PLC | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(30678) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;782595 | EUR | 688158 | HSBC Bank | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(581) |
| USD | &nbsp;&nbsp;13856217 | EUR | 12213178 | JPMorgan Chase Bank N.A. | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(43297) |
| USD | &nbsp;&nbsp;19200945 | EUR | 16907701 | State Street Corp. | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(41288) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;6925493 | GBP | 5298411 | JPMorgan Chase Bank N.A. | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;(137766) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;796456 | GBP | 600000 | Merrill Lynch International | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3398) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;487519 | GBP | 365713 | State Street Corp. | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3199 | HUF | 1159878 | Goldman Sachs International | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(38) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6306 | IDR | 106020558 | Citibank N.A. | 5/05/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(80) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;682828 | INR | 59355245 | Citibank N.A. | 8/07/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(15339) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;4289725 | KRW | 6072866222 | Barclays Bank PLC | 7/24/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3815) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;2633690 | KRW | 3731939022 | Goldman Sachs International | 7/24/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4805) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;1347189 | MXN | 27761602 | State Street Corp. | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(54711) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;801096 | NOK | 8400238 | Deutsche Bank AG | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6360) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;1342926 | NOK | 14378208 | Goldman Sachs International | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(39150) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82374 | NZD | 141584 | State Street Corp. | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1927) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;749174 | SEK | 7296951 | Deutsche Bank AG | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9161) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;701191 | SGD | 917466 | Goldman Sachs International | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4153) |
| USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;385963 | ZAR | 7565269 | Citibank N.A. | 7/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(18396) |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;$(859286) |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Futures Contracts** | **Futures Contracts** | **Futures Contracts** | **Futures Contracts** | **Futures Contracts** | **Futures Contracts** | **Futures Contracts** |
| **Description** | **Long/<br> Short** | **Currency** | **Contracts** | **Notional<br> Amount** | **Expiration<br> Date** | **Value/Unrealized<br> Appreciation<br> (Depreciation)** |
| **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** |
| ***Interest Rate Futures*** | ***Interest Rate Futures*** | ***Interest Rate Futures*** | ***Interest Rate Futures*** | ***Interest Rate Futures*** |  |  |
| Euro-Bobl 5 yr | Long | EUR | &nbsp;&nbsp;&nbsp;&nbsp;5 | &nbsp;&nbsp;&nbsp;$677615 | June – 2025 | &nbsp;&nbsp;&nbsp;$15678 |
| U.S. Treasury Bond 30 yr | Long | USD | &nbsp;&nbsp;38 | &nbsp;&nbsp;4431750 | June – 2025 | &nbsp;&nbsp;&nbsp;&nbsp;21195 |
| U.S. Treasury Note 2 yr | Long | USD | &nbsp;&nbsp;23 | &nbsp;&nbsp;4787414 | June – 2025 | &nbsp;&nbsp;&nbsp;&nbsp;31972 |
| U.S. Treasury Ultra Bond 30 yr | Short | USD | &nbsp;&nbsp;27 | &nbsp;&nbsp;3267844 | June – 2025 | &nbsp;&nbsp;&nbsp;&nbsp;52022 |
|  |  |  |  |  |  | &nbsp;&nbsp;$120867 |
| **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** |
| ***Interest Rate Futures*** | ***Interest Rate Futures*** | ***Interest Rate Futures*** | ***Interest Rate Futures*** | ***Interest Rate Futures*** |  |  |
| Canadian Treasury Bond 10 yr | Short | CAD | &nbsp;&nbsp;14 | $1255796 | June – 2025 | &nbsp;&nbsp;&nbsp;&nbsp;$(5119) |
| Euro-Bund 10 yr | Short | EUR | &nbsp;&nbsp;59 | &nbsp;&nbsp;8807935 | June – 2025 | &nbsp;&nbsp;&nbsp;&nbsp;(47592) |
| Euro-Buxl 30 yr | Short | EUR | &nbsp;&nbsp;12 | &nbsp;&nbsp;1687041 | June – 2025 | &nbsp;&nbsp;&nbsp;&nbsp;(81593) |
| Euro-Schatz 2 yr | Short | EUR | 217 | 26443778 | June – 2025 | &nbsp;&nbsp;(179183) |
| Long Gilt 10 yr | Short | GBP | &nbsp;&nbsp;&nbsp;&nbsp;5 | &nbsp;&nbsp;&nbsp;&nbsp;623171 | June – 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2150) |
| U.S. Treasury Note 10 yr | Short | USD | &nbsp;&nbsp;48 | &nbsp;&nbsp;5386500 | June – 2025 | &nbsp;&nbsp;(117552) |
| U.S. Treasury Note 5 yr | Short | USD | 175 | 19109180 | June – 2025 | &nbsp;&nbsp;(379884) |

---

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

Portfolio of Investments (unaudited) – continued

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Futures Contracts - continued** | **Futures Contracts - continued** | **Futures Contracts - continued** | **Futures Contracts - continued** | **Futures Contracts - continued** | **Futures Contracts - continued** | **Futures Contracts - continued** |
| **Description** | **Long/<br> Short** | **Currency** | **Contracts** | **Notional<br> Amount** | **Expiration<br> Date** | **Value/Unrealized<br> Appreciation<br> (Depreciation)** |
| **Liability Derivatives - continued** | **Liability Derivatives - continued** | **Liability Derivatives - continued** | **Liability Derivatives - continued** | **Liability Derivatives - continued** | **Liability Derivatives - continued** | **Liability Derivatives - continued** |
| ***Interest Rate Futures - continued*** | ***Interest Rate Futures - continued*** | ***Interest Rate Futures - continued*** | ***Interest Rate Futures - continued*** | ***Interest Rate Futures - continued*** |  |  |
| U.S. Treasury Ultra Note 10 yr | Short | USD | &nbsp;&nbsp;48 | $5507250 | June – 2025 | &nbsp;&nbsp;$(81051) |
|  |  |  |  |  |  | $(894124) |

---

At April 30, 2025, the fund had cash collateral of $840,000 and other liquid securities with an aggregate value of $1,171,643 to cover any collateral or margin obligations for certain derivative contracts. Restricted cash and/or deposits with brokers in the Statement of Assets and Liabilities are comprised of cash collateral.

#### See Notes to Financial Statements

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

*Financial Statements*

### Statement of Assets and Liabilities
At 4/30/25 (unaudited)

This statement represents your fund's balance sheet, which details the assets and liabilities comprising the total value of the fund.

---

| | |
|:---|:---|
| **Assets** |  |
| Investments in unaffiliated issuers, at value (identified cost, $367,815,322) | &nbsp;&nbsp;$359818536 |
| Investments in affiliated issuers, at value (identified cost, $1,223,946) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1223949 |
| Cash | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8294 |
| Foreign currency, at value (identified cost, $3,498) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3491 |
| Restricted cash for |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Forward foreign currency exchange contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;840000 |
| Receivables for |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Forward foreign currency exchange contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;429257 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investments sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5025605 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4956254 |
| Other assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36767 |
| Total assets | &nbsp;&nbsp;$372342153 |
| **Liabilities** |  |
| Notes payable | &nbsp;&nbsp;&nbsp;$95000000 |
| Payables for |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Distributions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;169542 |
| &nbsp;&nbsp;&nbsp;&nbsp;Forward foreign currency exchange contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;859286 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net daily variation margin on open futures contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71576 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investments purchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117911 |
| &nbsp;&nbsp;&nbsp;&nbsp;When-issued investments purchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3665720 |
| Payable to affiliates |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Investment adviser | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12031 |
| &nbsp;&nbsp;&nbsp;&nbsp;Administrative services fee | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250 |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfer agent and dividend disbursing costs | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4526 |
| Payable for independent Trustees' compensation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1190 |
| Accrued interest expense | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42117 |
| Deferred foreign capital gains tax expense payable | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121861 |
| Accrued expenses and other liabilities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150573 |
| Total liabilities | &nbsp;&nbsp;$100216583 |
| Net assets | &nbsp;&nbsp;$272125570 |

---

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

Statement of Assets and Liabilities (unaudited) – continued

---

| | |
|:---|:---|
| **Net assets consist of** |  |
| Paid-in capital | &nbsp;&nbsp;$327051394 |
| Total distributable earnings (loss) | &nbsp;&nbsp;&nbsp;&nbsp;(54925824) |
| Net assets | &nbsp;&nbsp;$272125570 |
| Shares of beneficial interest outstanding (unlimited number of shares authorized) | &nbsp;&nbsp;&nbsp;&nbsp;54946365 |
| Net asset value per share (net assets of $272,125,570 / 54,946,365 shares of beneficial interest outstanding) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4.95 |

---

#### See Notes to Financial Statements

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

*Financial Statements*

### Statement of Operations
Six months ended 4/30/25 (unaudited)

This statement describes how much your fund earned in investment income and accrued in expenses. It also describes any gains and/or losses generated by fund operations.

---

| | |
|:---|:---|
| **Net investment income (loss)** |  |
| Income |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest | &nbsp;&nbsp;$10831495 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividends from affiliated issuers | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127137 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividends from unaffiliated issuers | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47381 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;279 |
| &nbsp;&nbsp;&nbsp;&nbsp;Foreign taxes withheld | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4766) |
| Total investment income | &nbsp;&nbsp;$11001526 |
| Expenses |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Management fee | &nbsp;&nbsp;&nbsp;$1070876 |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfer agent and dividend disbursing costs | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47665 |
| &nbsp;&nbsp;&nbsp;&nbsp;Administrative services fee | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24091 |
| &nbsp;&nbsp;&nbsp;&nbsp;Independent Trustees' compensation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5633 |
| &nbsp;&nbsp;&nbsp;&nbsp;Stock exchange fee | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26756 |
| &nbsp;&nbsp;&nbsp;&nbsp;Custodian fee | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29076 |
| &nbsp;&nbsp;&nbsp;&nbsp;Shareholder communications | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67082 |
| &nbsp;&nbsp;&nbsp;&nbsp;Audit and tax fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50820 |
| &nbsp;&nbsp;&nbsp;&nbsp;Legal fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2062 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest expense and fees | &nbsp;&nbsp;&nbsp;&nbsp;2610805 |
| &nbsp;&nbsp;&nbsp;&nbsp;Miscellaneous | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27503 |
| Total expenses | &nbsp;&nbsp;&nbsp;$3962369 |
| Net investment income (loss) | &nbsp;&nbsp;&nbsp;$7039157 |

---

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

Statement of Operations (unaudited) – continued

---

| | |
|:---|:---|
| **Realized and unrealized gain (loss)** | **Realized and unrealized gain (loss)** |
| Realized gain (loss) (identified cost basis) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Unaffiliated issuers | &nbsp;&nbsp;&nbsp;&nbsp;$(923693) |
| &nbsp;&nbsp;&nbsp;&nbsp;Affiliated issuers | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1190) |
| &nbsp;&nbsp;&nbsp;&nbsp;Written options | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67946 |
| &nbsp;&nbsp;&nbsp;&nbsp;Futures contracts | &nbsp;&nbsp;&nbsp;&nbsp;1264567 |
| &nbsp;&nbsp;&nbsp;&nbsp;Swap agreements | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58528 |
| &nbsp;&nbsp;&nbsp;&nbsp;Forward foreign currency exchange contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(82461) |
| &nbsp;&nbsp;&nbsp;&nbsp;Foreign currency | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6912) |
| Net realized gain (loss) | &nbsp;&nbsp;&nbsp;&nbsp;$376785 |
| Change in unrealized appreciation or depreciation |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Unaffiliated issuers (includes $3,281 increase in deferred foreign capital gains tax) | &nbsp;&nbsp;&nbsp;&nbsp;$(627169) |
| &nbsp;&nbsp;&nbsp;&nbsp;Affiliated issuers | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(46) |
| &nbsp;&nbsp;&nbsp;&nbsp;Written options | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(59489) |
| &nbsp;&nbsp;&nbsp;&nbsp;Futures contracts | &nbsp;&nbsp;&nbsp;(1424883) |
| &nbsp;&nbsp;&nbsp;&nbsp;Swap agreements | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(35445) |
| &nbsp;&nbsp;&nbsp;&nbsp;Forward foreign currency exchange contracts | &nbsp;&nbsp;&nbsp;(1014464) |
| &nbsp;&nbsp;&nbsp;&nbsp;Translation of assets and liabilities in foreign currencies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37929 |
| Net unrealized gain (loss) | &nbsp;&nbsp;$(3123567) |
| Net realized and unrealized gain (loss) | &nbsp;&nbsp;$(2746782) |
| Change in net assets from operations | &nbsp;&nbsp;&nbsp;$4292375 |

---

#### See Notes to Financial Statements

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

*Financial Statements*

### Statements of Changes in Net Assets
These statements describe the increases and/or decreases in net assets resulting from operations, any distributions, and any shareholder transactions.

---

| | | |
|:---|:---|:---|
|  | **Six months ended** | &nbsp;&nbsp;&nbsp;**Year ended** |
|  | **4/30/25<br> (unaudited)** | &nbsp;&nbsp;&nbsp;**10/31/24** |
| **Change in net assets** |  |  |
| **From operations** |  |  |
| Net investment income (loss) | &nbsp;&nbsp;&nbsp;&nbsp;$7039157 | &nbsp;&nbsp;&nbsp;&nbsp;$13754502 |
| Net realized gain (loss) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;376785 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5950030) |
| Net unrealized gain (loss) | &nbsp;&nbsp;&nbsp;&nbsp;(3123567) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37426471 |
| Change in net assets from operations | &nbsp;&nbsp;&nbsp;&nbsp;$4292375 | &nbsp;&nbsp;&nbsp;&nbsp;$45230943 |
| Distributions to shareholders | &nbsp;&nbsp;&nbsp;$(5178197) | &nbsp;&nbsp;&nbsp;&nbsp;$(12663993) |
| Tax return of capital distributions to shareholders | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$(9679669) |
| Distributions from other sources | &nbsp;&nbsp;&nbsp;$(5990000)(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— |
| Change in net assets from fund share transactions | &nbsp;&nbsp;&nbsp;$(1618592) | &nbsp;&nbsp;&nbsp;&nbsp;$(6722168) |
| Total change in net assets | &nbsp;&nbsp;&nbsp;$(8494414) | &nbsp;&nbsp;&nbsp;&nbsp;$16165113 |
| **Net assets** |  |  |
| At beginning of period | &nbsp;&nbsp;280619984 | &nbsp;&nbsp;&nbsp;&nbsp;264454871 |
| At end of period | $272125570 | &nbsp;&nbsp;&nbsp;$280619984 |

---

(a) Estimated tax return of capital. All or a portion of this amount may be redesignated as ordinary income and/or capital gains at fiscal year end when the tax character of distributions
is determined. Please refer to "Tax Matters and Distributions" under Note 2 of the Notes to Financial Statements for additional information regarding the tax character of the fund's distributions.

#### See Notes to Financial Statements

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

*Financial Statements*

### Statement of Cash Flows
Six months ended 4/30/25 (unaudited)

This statement provides a summary of cash flows from investment activity for the fund.

---

| | |
|:---|:---|
| **Cash flows from operating activities:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in net assets from operations | &nbsp;&nbsp;&nbsp;&nbsp;$4292375 |
| **Adjustments to reconcile change in net assets from operations to net cash provided by operating activities:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Purchase of investment securities | &nbsp;&nbsp;(130302050) |
| &nbsp;&nbsp;&nbsp;&nbsp;Proceeds from disposition of investment securities | &nbsp;&nbsp;&nbsp;131510346 |
| &nbsp;&nbsp;&nbsp;&nbsp;Proceeds from disposition of short-term investments, net | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5994247 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized gain/loss on investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;938244 |
| &nbsp;&nbsp;&nbsp;&nbsp;Unrealized appreciation/depreciation on investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;623934 |
| &nbsp;&nbsp;&nbsp;&nbsp;Unrealized appreciation/depreciation on foreign currency contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1014464 |
| &nbsp;&nbsp;&nbsp;&nbsp;Unrealized appreciation/depreciation on swaps | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35445 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net amortization/accretion of income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(784674) |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase in interest receivable | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(97198) |
| &nbsp;&nbsp;&nbsp;&nbsp;Decrease in accrued expenses and other liabilities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(28671) |
| &nbsp;&nbsp;&nbsp;&nbsp;Decrease in receivable for net daily variation margin on open futures contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66852 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase in payable for net daily variation margin on open futures contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71576 |
| &nbsp;&nbsp;&nbsp;&nbsp;Increase in other assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(27742) |
| &nbsp;&nbsp;&nbsp;&nbsp;Decrease in interest payable | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(18236) |
| Net cash provided by operating activities | &nbsp;&nbsp;&nbsp;$13288912 |
| **Cash flows from financing activities:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Distributions paid in cash | &nbsp;&nbsp;$(11174294) |
| &nbsp;&nbsp;&nbsp;&nbsp;Repurchase of shares of beneficial interest | &nbsp;&nbsp;&nbsp;&nbsp;(1618592) |
| Net cash used by financing activities | &nbsp;&nbsp;$(12792886) |
| Net increase in cash and restricted cash | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$496026 |
| **Cash and restricted cash:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beginning of period (including foreign currency of $21,250) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$355759 |
| &nbsp;&nbsp;&nbsp;&nbsp;End of period (including foreign currency of $3,491) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$851785 |

---

Supplemental disclosure of cash flow information:

Cash paid during the six months ended April 30, 2025 for interest was $2,629,041.

#### See Notes to Financial Statements

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

*Financial Statements*

### Financial Highlights
The financial highlights table is intended to help you understand the fund's financial performance for the semiannual period and the past 5 fiscal years. Certain information reflects financial results for a single fund share. The total returns in the table represent the rate that an investor would have earned (or lost) on an investment in the fund share class (assuming reinvestment of all distributions) held for the entire period.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Six months<br> ended** | **Year ended** | **Year ended** | **Year ended** | **Year ended** | **Year ended** |
|  | **4/30/25<br> (unaudited)** | **10/31/24** | **10/31/23** | **10/31/22** | **10/31/21** | **10/31/20** |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp;&nbsp;$5.07 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4.66 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4.73 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6.12 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6.19 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6.37 |
| **Income (loss) from investment operations** | **Income (loss) from investment operations** | **Income (loss) from investment operations** | **Income (loss) from investment operations** | **Income (loss) from investment operations** | **Income (loss) from investment operations** | **Income (loss) from investment operations** |
| &nbsp;&nbsp;&nbsp;Net investment income (loss) (d) | &nbsp;&nbsp;&nbsp;&nbsp;$0.13 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$0.25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$0.26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$0.25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$0.28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$0.29 |
| &nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) | &nbsp;&nbsp;&nbsp;&nbsp;(0.05) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.04 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1.21) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.15 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.01) |
| Total from investment operations | &nbsp;&nbsp;&nbsp;&nbsp; $0.08 | &nbsp;&nbsp;&nbsp;&nbsp; $0.80 | &nbsp;&nbsp;&nbsp;&nbsp; $0.30 | &nbsp;&nbsp;&nbsp;&nbsp; $(0.96) | &nbsp;&nbsp;&nbsp;&nbsp; $0.43 | &nbsp;&nbsp;&nbsp;&nbsp; $0.28 |
| **Less distributions declared to shareholders** | **Less distributions declared to shareholders** | **Less distributions declared to shareholders** | **Less distributions declared to shareholders** | **Less distributions declared to shareholders** | **Less distributions declared to shareholders** | **Less distributions declared to shareholders** |
| &nbsp;&nbsp;&nbsp;From net investment income | &nbsp;&nbsp;&nbsp;&nbsp;$(0.09) | &nbsp;&nbsp;&nbsp;&nbsp;$(0.23) | &nbsp;&nbsp;&nbsp;&nbsp;$(0.23) | &nbsp;&nbsp;&nbsp;&nbsp;$(0.39) | &nbsp;&nbsp;&nbsp;&nbsp;$(0.30) | &nbsp;&nbsp;&nbsp;&nbsp;$(0.34) |
| &nbsp;&nbsp;&nbsp;From tax return of capital |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.17) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.16) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.05) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.20) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.15) |
| &nbsp;&nbsp;&nbsp;From other sources | &nbsp;&nbsp;&nbsp;&nbsp;(0.11)(b) |  |  |  |  |  |
|  Total distributions declared to shareholders | &nbsp;&nbsp;&nbsp; $(0.20) | &nbsp;&nbsp;&nbsp;&nbsp; $(0.40) | &nbsp;&nbsp;&nbsp;&nbsp; $(0.39) | &nbsp;&nbsp;&nbsp;&nbsp; $(0.44) | &nbsp;&nbsp;&nbsp;&nbsp; $(0.50) | &nbsp;&nbsp;&nbsp;&nbsp; $(0.49) |
|  Net increase from repurchase of capital shares | &nbsp;&nbsp;&nbsp;&nbsp; $0.00(w) | &nbsp;&nbsp;&nbsp;&nbsp; $0.01 | &nbsp;&nbsp;&nbsp;&nbsp; $0.02 | &nbsp;&nbsp;&nbsp;&nbsp; $0.01 | $— | &nbsp;&nbsp;&nbsp;&nbsp; $0.03 |
| Net asset value, end of period (x) | &nbsp;&nbsp;&nbsp;&nbsp; $4.95 | &nbsp;&nbsp;&nbsp;&nbsp; $5.07 | &nbsp;&nbsp;&nbsp;&nbsp; $4.66 | &nbsp;&nbsp;&nbsp;&nbsp; $4.73 | &nbsp;&nbsp;&nbsp;&nbsp; $6.12 | &nbsp;&nbsp;&nbsp;&nbsp; $6.19 |
| Market value, end of period | &nbsp;&nbsp;&nbsp;&nbsp; $4.61 | &nbsp;&nbsp;&nbsp;&nbsp; $4.76 | &nbsp;&nbsp;&nbsp;&nbsp; $4.22 | &nbsp;&nbsp;&nbsp;&nbsp; $4.32 | &nbsp;&nbsp;&nbsp;&nbsp; $6.58 | &nbsp;&nbsp;&nbsp;&nbsp; $5.67 |
| Total return at market value (%) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.10(n) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22.85 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.53 | &nbsp;&nbsp;&nbsp;&nbsp;(28.43) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25.80 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.77 |
| Total return at net asset value (%) (j)(s)(x) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.92(n) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.44 | &nbsp;&nbsp;&nbsp;&nbsp;(15.74) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.18 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.86 |
| **Ratios (%) (to average net assets)<br> and Supplemental data:** | **Ratios (%) (to average net assets)<br> and Supplemental data:** | **Ratios (%) (to average net assets)<br> and Supplemental data:** | **Ratios (%) (to average net assets)<br> and Supplemental data:** | **Ratios (%) (to average net assets)<br> and Supplemental data:** | **Ratios (%) (to average net assets)<br> and Supplemental data:** | **Ratios (%) (to average net assets)<br> and Supplemental data:** |
| Expenses | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.88(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.17 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.92 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.01 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.17 |
| Net investment income (loss) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.12(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.89 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.21 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.57 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.63 |
| Portfolio turnover rate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34(n) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78 |
| Net assets at end of period (000 omitted) | $272126 | $280620 | $264455 | $281814 | $369818 | $372635 |
| **Supplemental Ratios (%):** | **Supplemental Ratios (%):** | **Supplemental Ratios (%):** | **Supplemental Ratios (%):** | **Supplemental Ratios (%):** | **Supplemental Ratios (%):** | **Supplemental Ratios (%):** |
| Ratios of expenses to average net assets excluding interest expense and fees | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.98(a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.98 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.99 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.86 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.81 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.84 |
| **Senior Securities:** | **Senior Securities:** | **Senior Securities:** | **Senior Securities:** | **Senior Securities:** | **Senior Securities:** | **Senior Securities:** |
| Total notes payable outstanding (000 omitted) | &nbsp;&nbsp;$95000 | &nbsp;&nbsp;&nbsp;$95000 | &nbsp;&nbsp;&nbsp;$95000 | $100000 | $100000 | $100000 |
| Asset coverage per $1,000 of indebtedness (k) | &nbsp;&nbsp;&nbsp;$3864 | &nbsp;&nbsp;&nbsp;&nbsp;$3954 | &nbsp;&nbsp;&nbsp;&nbsp;$3784 | &nbsp;&nbsp;&nbsp;&nbsp;$3818 | &nbsp;&nbsp;&nbsp;&nbsp;$4698 | &nbsp;&nbsp;&nbsp;&nbsp;$4726 |

---

#### See Notes to Financial Statements

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Financial Highlights – continued

**(a)** **Annualized.** 

**(b)** **Estimated tax return of capital. All or a portion of this amount may be redesignated as ordinary income and/or capital gains at fiscal year end when the tax character of distributions is determined. Please refer to "Tax Matters and Distributions" under Note 2 of the Notes to Financial Statements for additional information regarding the tax character of the fund's distributions.** 

**(d)** **Per share data is based on average shares outstanding.** 

**(j)** **Total return at net asset value is calculated using the net asset value of the fund, not the publicly traded price and therefore may be different than the total return at market value.** 

**(k)** **Calculated by subtracting the fund's total liabilities (not including notes payable) from the fund's total assets and dividing this number by the notes payable outstanding and then multiplying by 1,000.** 

**(n)** **Not annualized.** 

**(s)** **From time to time the fund may receive proceeds from litigation settlements, without which performance would be lower.** 

**(w)** **Per share amount was less than $0.01.** 

**(x)** **The net asset values and total returns at net asset value have been calculated on net assets which include adjustments made in accordance with U.S. generally accepted accounting principles required at period end for financial reporting purposes.** 

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[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

### Notes to Financial Statements
(unaudited)

(1) Business and Organization

MFS Multimarket Income Trust (the fund) is organized as a Massachusetts business trust and is registered under the Investment Company Act of 1940, as amended, as a diversified closed-end management investment company.

The fund is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services - Investment Companies.

(2) Significant Accounting Policies

**General — The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. In the preparation of these financial statements, management has evaluated subsequent events occurring after the date of the fund's Statement of Assets and Liabilities through the date that the financial statements were issued. The fund invests in high-yield securities rated below investment grade. Investments in below investment grade quality securities can involve a substantially greater risk of default or can already be in default, and their values can decline significantly. Below investment grade quality securities tend to be more sensitive to adverse news about the issuer, or the market or economy in general, than higher quality debt instruments. The fund invests in foreign securities, including securities of emerging market issuers. Investments in foreign securities are vulnerable to the effects of changes in the relative values of the local currency and the U.S. dollar and to the effects of changes in each country's market, economic, industrial, political, regulatory, geopolitical, environmental, public health, and other conditions. Investments in emerging markets can involve additional and greater risks than the risks associated with investments in developed foreign markets. Emerging markets can have less developed markets, greater custody and operational risk, less developed legal, regulatory, accounting, and auditing systems, greater government involvement in the economy, greater risk of new or inconsistent government treatment of or restrictions on issuers and instruments, and greater political, social, and economic instability than developed markets.**

In this reporting period, the fund adopted FASB Accounting Standards Update 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures ("ASU 2023-07"). Adoption of the new standard impacted financial statement disclosures only and did not affect the fund's financial position or the results of its operations. An operating segment is a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the entity's chief operating decision maker (CODM) in making resource allocation decisions and assessing segment performance, and for which discrete financial information is available. The fund represents a single operating segment and the Chairman's Committee of the fund's adviser acts as the segment's CODM. The fund's total returns, expense ratios, and

------

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Notes to Financial Statements (unaudited) - continued

changes in net assets which are used by the CODM to assess segment performance and to make resource allocation decisions to the segment are consistent with that presented within the fund's financial statements.

**Balance Sheet Offsetting — The fund's accounting policy with respect to balance sheet offsetting is that, absent an event of default by the counterparty or a termination of the agreement, the International Swaps and Derivatives Association (ISDA) Master Agreement, or similar agreement, does not result in an offset of reported amounts of financial assets and financial liabilities in the Statement of Assets and Liabilities across transactions between the fund and the applicable counterparty. The fund's right to setoff may be restricted or prohibited by the bankruptcy or insolvency laws of the particular jurisdiction to which a specific master netting agreement counterparty is subject. Balance sheet offsetting disclosures, to the extent applicable to the fund, have been included in the fund's Significant Accounting Policies note under the captions for each of the fund's in-scope financial instruments and transactions.**

**Investment Valuations — Subject to its oversight, the fund's Board of Trustees has delegated primary responsibility for determining or causing to be determined the value of the fund's investments to MFS as the fund's adviser, pursuant to the fund's valuation policy and procedures which have been adopted by the adviser and approved by the Board. In accordance with Rule 2a-5 under the Investment Company Act of 1940, the Board of Trustees designated the adviser as the "valuation designee" of the fund. If the adviser, as valuation designee, determines that reliable market quotations are not readily available for an investment, the investment is valued at fair value as determined in good faith by the adviser in accordance with the adviser's fair valuation policy and procedures.**

Under the fund's valuation policy and procedures, equity securities, including restricted equity securities, are generally valued at the last sale or official closing price on their primary market or exchange as provided by a third-party pricing service. Equity securities, for which there were no sales reported that day, are generally valued at the last quoted daily bid quotation on their primary market or exchange as provided by a third-party pricing service. Debt instruments and floating rate loans, including restricted debt instruments, are generally valued at an evaluated or composite bid as provided by a third-party pricing service. Short-term instruments with a maturity at issuance of 60 days or less may be valued at amortized cost, which approximates market value.

Exchange-traded options are generally valued at the last sale or official closing price on their primary exchange as provided by a third-party pricing service. Exchange-traded options for which there were no sales reported that day are generally valued at the last daily bid quotation on their primary exchange as provided by a third-party pricing service. For put options, the position may be valued at the last daily ask quotation if there are no trades reported during the day. Options not traded on an exchange are generally valued at a broker/dealer bid quotation. Foreign currency options are generally valued at valuations provided by a third-party pricing service. Futures contracts are generally valued at last posted settlement price on their primary exchange as provided by a third-party pricing service. Futures contracts for which there were no trades that day for a particular position are generally valued at the closing bid quotation on their primary exchange as provided by a third-party pricing service.

Forward foreign currency exchange contracts are generally valued at the mean of bid and asked prices for the time period interpolated from rates provided by a third-party pricing service for proximate time periods. Swap agreements are generally valued using valuations provided by a third-party pricing service, which for cleared swaps includes an

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

Notes to Financial Statements (unaudited) - continued

evaluation of any trading activity at the clearinghouses. Open-end investment companies are generally valued at net asset value per share. Funds traded on a recognized securities exchange (such as Exchange Traded Funds or Closed End Funds) are generally valued at the official closing price on their primary market or exchange as provided by a third-party pricing service. If no sales are reported that day for these funds, generally they will be valued at the last quoted daily bid quotation on their primary market or exchange as provided by a third-party pricing service. The values of foreign securities and other assets and liabilities expressed in foreign currencies are converted to U.S. dollars using the mean of bid and asked prices for rates provided by a third-party pricing service.

Under the fund's valuation policy and procedures, market quotations are not considered to be readily available for debt instruments, floating rate loans, and many types of derivatives. These investments are generally valued at fair value based on information from third-party pricing services or otherwise determined by the adviser in accordance with the adviser's fair valuation policy and procedures. Securities and other assets generally valued on the basis of information from a third-party pricing service may also be valued at a broker/dealer bid quotation. In determining values, third-party pricing services can utilize both transaction data and market information such as yield, quality, coupon rate, maturity, type of issue, trading characteristics, spreads and other market data. Pricing services generally value debt instruments assuming orderly transactions of institutional round lot sizes, but a fund may hold or transact in such securities in smaller, odd lot sizes. In instances where a fund holds an odd lot size position in a debt instrument, such position will typically be valued using the pricing agent's institutional round lot price for the debt instrument. Odd lots may trade at lower prices than institutional round lots, and the fund may receive different prices when it sells odd lot positions than it would receive for sales of institutional round lot positions. An investment may also be valued at fair value if the adviser determines that the investment's value has been materially affected by events occurring after the close of the exchange or market on which the investment is principally traded (such as foreign exchange or market) and prior to the determination of the fund's net asset value, or after the halt of trading of a specific security where trading does not resume prior to the close of the exchange or market on which the security is principally traded. Events that occur after foreign markets close (such as developments in foreign markets and significant movements in the U.S. markets) and prior to the determination of the fund's net asset value may be deemed to have a material effect on the value of securities traded in foreign markets. Accordingly, the fund's foreign equity securities may often be valued at fair value. The adviser generally relies on third-party pricing services or other information (such as the correlation with price movements of similar securities in the same or other markets; the type, cost and investment characteristics of the security; the business and financial condition of the issuer; and trading and other market data) to assist in determining whether to fair value and at what value to fair value an investment. The value of an investment for purposes of calculating the fund's net asset value can differ depending on the source and method used to determine value. When fair valuation is used, the value of an investment used to determine the fund's net asset value may differ from quoted or published prices for the same investment. There can be no assurance that the fund could obtain the fair value assigned to an investment if it were to sell the investment at the same time at which the fund determines its net asset value per share.

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[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

Notes to Financial Statements (unaudited) - continued

Various inputs are used in determining the value of the fund's assets or liabilities. These inputs are categorized into three broad levels. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment's level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The fund's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the investment. Level 1 includes unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 includes other significant observable market-based inputs (including quoted prices for similar securities, interest rates, prepayment speed, and credit risk). Level 3 includes significant unobservable inputs, which may include the adviser's own assumptions in determining the fair value of investments. Other financial instruments are derivative instruments, such as futures contracts and forward foreign currency exchange contracts. The following is a summary of the levels used as of April 30, 2025 in valuing the fund's assets and liabilities:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Financial Instruments** | &nbsp;&nbsp;**Level 1** | &nbsp;&nbsp;&nbsp;**Level 2** | &nbsp;&nbsp;&nbsp;**Level 3** | &nbsp;&nbsp;&nbsp;**Total** |
| Equity Securities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Luxembourg | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$214327 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$214327 |
| &nbsp;&nbsp;&nbsp;United States | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;142100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142100 |
| &nbsp;&nbsp;&nbsp;United Kingdom | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3218 |
| U.S. Treasury Bonds & U.S. Government Agencies & Equivalents | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14177944 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14177944 |
| Non - U.S. Sovereign Debt | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55643915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55643915 |
| Municipal Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1268761 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1268761 |
| U.S. Corporate Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;189642258 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;189642258 |
| Residential Mortgage-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1257701 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1257701 |
| Commercial Mortgage-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4133443 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4133443 |
| Asset-Backed Securities (including CDOs) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5139411 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5139411 |
| Foreign Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88195458 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88195458 |
| Investment Companies | &nbsp;&nbsp;&nbsp;&nbsp;1223949 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1223949 |
| Total | &nbsp;&nbsp;$1223949 | &nbsp;&nbsp;&nbsp;$359676436 | &nbsp;&nbsp;&nbsp;$142100 | &nbsp;&nbsp;&nbsp;$361042485 |
| **Other Financial Instruments** |  |  |  |  |
| Futures Contracts – Assets | &nbsp;&nbsp;&nbsp;&nbsp;$120867 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$120867 |
| Futures Contracts – Liabilities | &nbsp;&nbsp;&nbsp;&nbsp;(894124) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(894124) |
| Forward Foreign Currency Exchange Contracts – Assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;429257 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;429257 |
| Forward Foreign Currency Exchange Contracts – Liabilities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(859286) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(859286) |

---

For further information regarding security characteristics, see the Portfolio of Investments.

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Notes to Financial Statements (unaudited) - continued

The following is a reconciliation of level 3 assets for which significant unobservable inputs were used to determine fair value. The table presents the activity of level 3 securities held at the beginning and the end of the period.

---

| | |
|:---|:---|
|  | **Equity<br> Securities** |
| Balance as of 10/31/24 | $118336 |
| &nbsp;&nbsp;&nbsp;Change in unrealized appreciation or depreciation | &nbsp;&nbsp;&nbsp;23764 |
| Balance as of 4/30/25 | $142100 |

---

At April 30, 2025, the fund held one level 3 security.

**Foreign Currency Translation — Purchases and sales of foreign investments, income, and expenses are converted into U.S. dollars based upon currency exchange rates prevailing on the respective dates of such transactions or on the reporting date for foreign denominated receivables and payables. Gains and losses attributable to foreign currency exchange rates on sales of securities are recorded for financial statement purposes as net realized gains and losses on investments. Gains and losses attributable to foreign exchange rate movements on receivables, payables, income and expenses are recorded for financial statement purposes as foreign currency transaction gains and losses. That portion of both realized and unrealized gains and losses on investments that results from fluctuations in foreign currency exchange rates is not separately disclosed.**

**Derivatives — The fund uses derivatives primarily to increase or decrease exposure to a particular market or segment of the market, or security, to increase or decrease interest rate or currency exposure, or as alternatives to direct investments. Derivatives are used for hedging or non-hedging purposes. While hedging can reduce or eliminate losses, it can also reduce or eliminate gains. When the fund uses derivatives as an investment to increase market exposure, or for hedging purposes, gains and losses from derivative instruments may be substantially greater than the derivative's original cost.**

The derivative instruments used by the fund during the period were written options, purchased options, futures contracts, forward foreign currency exchange contracts, and swap agreements. Depending on the type of derivative, a fund may exit a derivative position by entering into an offsetting transaction with a counterparty or exchange, negotiating an agreement with the derivative counterparty, or novating the position to a third party. The fund may be unable to promptly close out a futures position in instances where the daily fluctuation in the price for that type of future exceeds the daily limit set by the exchange. The fund's period end derivatives, as presented in the Portfolio of Investments and the associated Derivative Contract tables, generally are indicative of the volume of its derivative activity during the period.

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[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

Notes to Financial Statements (unaudited) - continued

The following table presents, by major type of derivative contract, the fair value, on a gross basis, of the asset and liability components of derivatives held by the fund at April 30, 2025 as reported in the Statement of Assets and Liabilities:

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;**Fair Value (a)** | &nbsp;&nbsp;**Fair Value (a)** |
| **Risk** | &nbsp;&nbsp;**Derivative Contracts** | &nbsp;&nbsp;**Asset Derivatives** | &nbsp;&nbsp;**Liability Derivatives** |
| Credit | &nbsp;&nbsp;Purchased Option Contracts | &nbsp;&nbsp;&nbsp;$28660 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— |
| Interest Rate | &nbsp;&nbsp;Futures Contracts | &nbsp;&nbsp;&nbsp;120867 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(894124) |
| Foreign Exchange | &nbsp;&nbsp;Forward Foreign Currency Exchange Contracts | &nbsp;&nbsp;&nbsp;429257 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(859286) |
| Total |  | &nbsp;&nbsp;$578784 | &nbsp;&nbsp;$(1753410) |

---

(a) The value of purchased options outstanding is included in investments in unaffiliated issuers, at value, within the Statement of Assets and Liabilities. Values presented in this table
for futures contracts correspond to the values reported in the Portfolio of Investments. Only the current day net variation margin for futures contracts is reported separately within the Statement of Assets and
Liabilities.

The following table presents, by major type of derivative contract, the realized gain (loss) on derivatives held by the fund for the six months ended April 30, 2025 as reported in the Statement of Operations:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Risk** | **Futures<br> Contracts** | **Swap<br> Agreements** | **Forward Foreign<br> Currency<br> Exchange<br> Contracts** | **Unaffiliated Issuers<br> (Purchased<br> Options)** | **Written<br> Options** |
| Interest Rate | $1264567 | &nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$— |
| Foreign Exchange | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;(82461) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Credit | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;58528 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;(168129) | &nbsp;&nbsp;67946 |
| Total | $1264567 | $58528 | $(82461) | $(168129) | $67946 |

---

The following table presents, by major type of derivative contract, the change in unrealized appreciation or depreciation on derivatives held by the fund for the six months ended April 30, 2025 as reported in the Statement of Operations:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Risk** | **Futures<br> Contracts** | **Swap<br> Agreements** | **Forward Foreign<br> Currency<br> Exchange<br> Contracts** | **Unaffiliated Issuers<br> (Purchased<br> Options)** | **Written<br> Options** |
| Interest Rate | $(1424883) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— |
| Foreign Exchange | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;(1014464) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Credit | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;(35445) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;150726 | &nbsp;&nbsp;(59489) |
| Total | $(1424883) | $(35445) | $(1014464) | $150726 | $(59489) |

---

Derivative counterparty credit risk is managed through formal evaluation of the creditworthiness of all potential counterparties. On certain, but not all, uncleared derivatives, the fund attempts to reduce its exposure to counterparty credit risk whenever possible by entering into an ISDA Master Agreement on a bilateral basis. The ISDA Master Agreement gives each party to the agreement the right to terminate all transactions traded under such agreement if there is a specified deterioration in the credit quality of the other party. Upon an event of default or a termination of the ISDA Master Agreement, the non-defaulting party has the right to close out all transactions

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traded under such agreement and to net amounts owed under each agreement to one net amount payable by one party to the other. This right to close out and net payments across all transactions traded under the ISDA Master Agreement could result in a reduction of the fund's credit risk to such counterparty equal to any amounts payable by the fund under the applicable transactions, if any.

Collateral and margin requirements differ by type of derivative. For cleared derivatives (e.g., futures contracts, cleared swaps, and exchange-traded options), margin requirements are set by the clearing broker and the clearing house and collateral, in the form of cash or securities, is posted by the fund directly with the clearing broker. Collateral terms are counterparty agreement specific for uncleared derivatives (e.g., forward foreign currency exchange contracts, uncleared swap agreements, and uncleared options). Collateral, in the form of cash and securities, is held in segregated accounts with the fund's custodian in connection with these agreements. For derivatives traded under an ISDA Master Agreement, which contains a credit support annex, the collateral requirements are netted across all transactions traded under such counterparty-specific agreement and an amount is posted from one party to the other to collateralize such obligations. Cash that has been segregated or delivered to cover the fund's collateral or margin obligations under derivative contracts, if any, will be reported separately in the Statement of Assets and Liabilities as restricted cash for uncleared derivatives and/or deposits with brokers for cleared derivatives. Securities pledged as collateral or margin for the same purpose, if any, are noted in the Portfolio of Investments. The fund may be required to make payments of interest on uncovered collateral or margin obligations with the broker. Any such payments are included in "Interest expense and fees" in the Statement of Operations.

**Written Options — In exchange for a premium, the fund wrote put options on securities for which it anticipated the price would increase. At the time the option was written, the fund believed the premium received exceeded the potential loss that could result from adverse price changes in the options' underlying securities. In a written option, the fund as the option writer grants the buyer the right to purchase from, or sell to, the fund a specified number of shares or units of a particular security, currency or index at a specified price within a specified period of time.** 

The premium received is initially recorded as a liability in the Statement of Assets and Liabilities. The option is subsequently marked-to-market daily with the difference between the premium received and the market value of the written option being recorded as unrealized appreciation or depreciation. When a written option expires, the fund realizes a gain equal to the amount of the premium received. The difference between the premium received and the amount paid on effecting a closing transaction is considered a realized gain or loss. When a written put option is exercised, the premium reduces the cost basis of the security purchased by the fund.

At the initiation of the written option contract, for exchange traded options, the fund is required to deposit securities or cash as collateral with the custodian for the benefit of the broker or directly with the clearing broker, based on the type of option. For uncleared options, the fund may post collateral subject to the terms of an ISDA Master Agreement as generally described above if the market value of the options contract moves against it. The fund, as writer of an option, may have no control over whether the underlying securities may be sold (call) or purchased (put) and, as a result, bears the market risk of an unfavorable change in the price of the securities underlying the written option. Losses from writing options can exceed the premium received and can

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exceed the potential loss from an ordinary buy and sell transaction. Although the fund's market risk may be significant, the maximum counterparty credit risk to the fund is equal to the market value of any collateral posted to the broker. For uncleared options, this risk is mitigated in cases where there is an ISDA Master Agreement between the fund and the counterparty providing for netting as described above.

**Purchased Options — The fund purchased put options for a premium. Purchased put options entitle the holder to sell a specified number of shares or units of a particular security, currency or index at a specified price at a specified date or within a specified period of time. Purchasing put options may hedge against an anticipated decline in the value of portfolio securities or currency or decrease the fund's exposure to an underlying instrument.**

The premium paid is initially recorded as an investment in the Statement of Assets and Liabilities. That investment is subsequently marked-to-market daily with the difference between the premium paid and the market value of the purchased option being recorded as unrealized appreciation or depreciation. Premiums paid for purchased put options which have expired are treated as realized losses on investments in the Statement of Operations. Upon the exercise or closing of a purchased put option, the premium paid is offset against the proceeds on the sale of the underlying security or financial instrument in order to determine the realized gain or loss on investments.

Whether or not the option is exercised, the fund's maximum risk of loss from purchasing an option is the amount of premium paid. All option contracts involve credit risk if the counterparty to the option contract fails to perform. For uncleared options, this risk is mitigated in cases where there is an ISDA Master Agreement between the fund and the counterparty providing for netting as described above and, where applicable, by the posting of collateral by the counterparty to the fund to cover the fund's exposure to the counterparty under such ISDA Master Agreement.

**Futures Contracts — The fund entered into futures contracts which may be used to hedge against or obtain broad market exposure, interest rate exposure, currency exposure, or to manage duration. A futures contract represents a commitment for the future purchase or sale of an asset at a specified price on a specified date.**

Upon entering into a futures contract, the fund is required to deposit with the broker, either in cash or securities, an initial margin in an amount equal to a specified percentage of the notional amount of the contract. Subsequent payments (variation margin) are made or received by the fund each day, depending on the daily fluctuations in the value of the contract, and are recorded for financial statement purposes as unrealized gain or loss by the fund until the contract is closed or expires at which point the gain or loss on futures contracts is realized.

The fund bears the risk of interest rates, exchange rates or securities prices moving unexpectedly, in which case, the fund may not achieve the anticipated benefits of the futures contracts and may realize a loss. While futures contracts may present less counterparty risk to the fund since the contracts are exchange traded and the exchange's clearinghouse guarantees payments to the broker, there is still counterparty credit risk due to the insolvency of the broker. The fund's maximum risk of loss due to counterparty credit risk is equal to the margin posted by the fund to the broker plus any gains or minus any losses on the outstanding futures contracts.

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Notes to Financial Statements (unaudited) - continued

**Forward Foreign Currency Exchange Contracts — The fund entered into forward foreign currency exchange contracts for the purchase or sale of a specific foreign currency at a fixed price on a future date. These contracts may be used to hedge the fund's currency risk or for non-hedging purposes. For hedging purposes, the fund may enter into contracts to deliver or receive foreign currency that the fund will receive from or use in its normal investment activities. The fund may also use contracts to hedge against declines in the value of foreign currency denominated securities due to unfavorable exchange rate movements. For non-hedging purposes, the fund may enter into contracts with the intent of changing the relative exposure of the fund's portfolio of securities to different currencies to take advantage of anticipated exchange rate changes.**

Forward foreign currency exchange contracts are adjusted by the daily exchange rate of the underlying currency and any unrealized gains or losses are recorded as a receivable or payable for forward foreign currency exchange contracts until the contract settlement date. On contract settlement date, any gain or loss on the contract is recorded as realized gains or losses on forward foreign currency exchange contracts.

Risks may arise upon entering into these contracts from unanticipated movements in the value of the contract and from the potential inability of counterparties to meet the terms of their contracts. Generally, the fund's maximum risk due to counterparty credit risk is the unrealized gain on the contract due to the use of Continuous Linked Settlement, a multicurrency cash settlement system for the centralized settlement of foreign transactions. This risk is mitigated in cases where there is an ISDA Master Agreement between the fund and the counterparty providing for netting as described above and, where applicable, by the posting of collateral by the counterparty to the fund to cover the fund's exposure to the counterparty under such ISDA Master Agreement.

**Swap Agreements — The fund entered into swap agreements which generally involve a periodic exchange of cash payments on a net basis, at specified intervals or upon the occurrence of specified events, between the fund and a counterparty. Certain swap agreements may be entered into as a bilateral contract ("uncleared swaps") while others are required to be centrally cleared ("cleared swaps").** 

Both cleared and uncleared swap agreements are marked to market daily. The value of uncleared swap agreements is reported in the Statement of Assets and Liabilities as "Uncleared swaps, at value" which includes any related interest accruals to be paid or received by the fund. For cleared swaps, payments (variation margin) are made or received by the fund each day, depending on the daily fluctuations in the value of the cleared swap, such that only the current day net receivable or payable for variation margin is reported in the Statement of Assets and Liabilities.

For both cleared and uncleared swaps, premiums paid or received at the inception of the agreements are amortized over the term of the agreement as realized gain or loss on swap agreements in the Statement of Operations. The periodic exchange of net cash payments, as well as any liquidation payment received or made upon early termination, are recorded as a realized gain or loss on swap agreements in the Statement of Operations. The change in unrealized appreciation or depreciation on swap agreements in the Statement of Operations reflects the aggregate change over the reporting period in the value of swaps net of any unamortized premiums paid or received.

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Risks related to swap agreements include the possible lack of a liquid market, unfavorable market and interest rate movements of the underlying instrument and the failure of the counterparty to perform under the terms of the agreements. The fund's maximum risk of loss from counterparty credit risk is the discounted net value of the cash flows to be received from/paid to the counterparty over the contract's remaining life, to the extent that the amount is positive. To address counterparty risk, uncleared swap agreements are limited to only highly-rated counterparties. Risk is further reduced by having an ISDA Master Agreement ("ISDA") between the fund and the counterparty and, where applicable, by the posting of collateral by the counterparty to the fund to cover the fund's exposure to the counterparty under such ISDA. The fund's counterparty risk due to cleared swaps is mitigated by the fact that the clearinghouse is the counterparty to the transaction and the regulatory requirement safeguards in the event of a clearing broker bankruptcy.

The fund entered into credit default swap agreements in order to manage its exposure to the market or certain sectors of the market, to reduce its credit risk exposure to defaults of corporate and sovereign issuers or to create exposure to corporate or sovereign issuers to which it is not otherwise exposed. A credit default swap's reference obligation may be either a single security or a basket of securities issued by corporate or sovereign issuers. At the inception of the agreement, the protection buyer may make an upfront payment to or receive an upfront payment from the protection seller. Over the term of the agreement, the protection buyer will make a series of periodic payments to the protection seller based on a fixed percentage applied to the agreement's notional amount in exchange for a promise from the protection seller to make a specific payment should a defined credit event occur with respect to the reference obligation. Although agreement-specific, credit events generally consist of a combination of the following: bankruptcy, failure to pay, restructuring, obligation acceleration, obligation default, or repudiation/moratorium. If a defined credit event occurs, the protection buyer will either (i) receive from the protection seller an amount equal to the agreement's notional amount and deliver the reference obligation (i.e., physical settlement) or (ii) receive from the protection seller a net settlement of cash equal to the agreement's notional amount less the recovery value of the reference obligation. Upon determination of the final price for the reference obligation (or upon delivery of the reference obligation in the case of physical settlement), the difference between the recovery value of the reference obligation and the agreement's notional amount is recorded as realized gain or loss on swap agreements in the Statement of Operations.

**Statement of Cash Flows — Information on financial transactions which have been settled through the receipt or disbursement of cash or restricted cash is presented in the Statement of Cash Flows. Cash as presented in the fund's Statement of Assets and Liabilities includes cash on hand at the fund's custodian bank and does not include any short-term investments. Restricted cash is presented in the fund's Statement of Assets and Liabilities as restricted cash for uncleared derivatives and/or deposits with brokers for cleared derivatives and represents cash that has been segregated or delivered to cover the fund's collateral or margin obligations under derivative contracts.**

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Notes to Financial Statements (unaudited) - continued

The following table provides a reconciliation of cash and restricted cash reported within the Statement of Assets and Liabilities with that shown in the Statement of Cash Flows:

---

| | |
|:---|:---|
|  | **4/30/25** |
| Cash | &nbsp;&nbsp;$11785 |
| Restricted cash | &nbsp;&nbsp;840000 |
| Restricted cash included in deposits with brokers | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Total cash and restricted cash in the Statement of Cash Flows | $851785 |

---

**Indemnifications — Under the fund's organizational documents, its officers and Trustees may be indemnified against certain liabilities and expenses arising out of the performance of their duties to the fund. Additionally, in the normal course of business, the fund enters into agreements with service providers that may contain indemnification clauses. The fund's maximum exposure under these agreements is unknown as this would involve future claims that may be made against the fund that have not yet occurred.**

**Investment Transactions and Income — Interest income is recorded on the accrual basis. All premium and discount is amortized or accreted for financial statement purposes in accordance with U.S. generally accepted accounting principles. Dividends received in cash are recorded on the ex-dividend date. Certain dividends from foreign securities will be recorded when the fund is informed of the dividend if such information is obtained subsequent to the ex-dividend date. Dividend and interest payments received in additional securities are recorded on the ex-dividend or ex-interest date in an amount equal to the value of the security on such date. Debt obligations may be placed on non-accrual status or set to accrue at a rate of interest less than the contractual coupon when the collection of all or a portion of interest has become doubtful. Interest income for those debt obligations may be further reduced by the write-off of the related interest receivables when deemed uncollectible.**

The fund may receive proceeds from litigation settlements. Any proceeds received from litigation involving portfolio holdings are reflected in the Statement of Operations in realized gain/loss if the security has been disposed of by the fund or in unrealized gain/loss if the security is still held by the fund. Any other proceeds from litigation not related to portfolio holdings are reflected as other income in the Statement of Operations.

Investment transactions are recorded on the trade date. In determining the net gain or loss on securities sold, the cost of securities is determined on the identified cost basis.

The fund may purchase or sell securities on a when-issued or delayed delivery basis. In these extended settlement transactions, the receipt or delivery of the securities by the fund and related payments occur at a future date, usually beyond the customary settlement period. The price of such security and the date that the security will be settled are generally fixed at the time the transaction is negotiated. The value of the security varies with market fluctuations and for debt securities no interest accrues to the fund until settlement takes place. When the fund sells securities on a when-issued or delayed delivery basis, the fund typically owns or has the right to acquire securities equivalent in kind and amount to the securities sold. Purchase and sale commitments for when-issued or delayed delivery securities are held at carrying amount, which approximates fair value and are categorized as level 2 within the fair value hierarchy, and included in When-issued investments purchased and When-issued investments sold

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in the Statement of Assets and Liabilities, as applicable. Losses may arise due to changes in the value of the underlying securities prior to settlement date or if the counterparty does not perform under the contract's terms, or if the issuer does not issue the securities.

**Tax Matters and Distributions — The fund intends to qualify as a regulated investment company, as defined under Subchapter M of the Internal Revenue Code, and to distribute all of its taxable income, including realized capital gains. As a result, no provision for federal income tax is required. The fund's federal tax returns, when filed, will remain subject to examination by the Internal Revenue Service for a three year period. Management has analyzed the fund's tax positions taken on federal and state tax returns for all open tax years and does not believe that there are any uncertain tax positions that require recognition of a tax liability. Foreign taxes, if any, have been accrued by the fund in the accompanying financial statements in accordance with the applicable foreign tax law. Foreign income taxes may be withheld by certain countries in which the fund invests. Additionally, capital gains realized by the fund on securities issued in or by certain foreign countries may be subject to capital gains tax imposed by those countries.**

Distributions to shareholders are recorded on the ex-dividend date. The fund employs a managed distribution policy whereby the fund seeks to pay monthly distributions based on an annual rate of 8.00% of the fund's average monthly net asset value. As a result, distributions may exceed actual earnings which may result in a tax return of capital. Distributions in any year may include a substantial return of capital component. For the six months ended April 30, 2025, the amount of distributions estimated to be a tax return of capital was approximately $5,990,000 which is reported as distributions from other sources in the Statements of Changes in Net Assets. All or a portion of this amount may be redesignated as ordinary income and/or capital gains at fiscal year end. Please refer to the Financial Highlights for distributions of tax returns of capital made during the prior five years. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from U.S. generally accepted accounting principles. Certain capital accounts in the financial statements are periodically adjusted for permanent differences in order to reflect their tax character. These adjustments have no impact on net assets or net asset value per share. Temporary differences which arise from recognizing certain items of income, expense, gain or loss in different periods for financial statement and tax purposes will reverse at some time in the future.

Book/tax differences primarily relate to defaulted bonds, amortization of premium and accretion of discount of debt securities, wash sale loss deferrals, and derivative transactions.

The tax character of distributions made during the current period will be determined at fiscal year end. The tax character of distributions declared to shareholders for the last fiscal year is as follows:

---

| | |
|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Year ended<br> 10/31/24** |
| Ordinary income (including any short-term capital gains) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$12663993 |
| Tax return of capital (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9679669 |
| Total distributions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$22343662 |

---

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Notes to Financial Statements (unaudited) - continued

(b) Distributions in excess of tax basis earnings and profits are reported in the financial statements as a tax return of capital.

The federal tax cost and the tax basis components of distributable earnings were as follows:

---

| | |
|:---|:---|
| **As of 4/30/25** |  |
| Cost of investments | &nbsp;&nbsp;$368526749 |
| Gross appreciation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8006409 |
| Gross depreciation | &nbsp;&nbsp;&nbsp;&nbsp;(15490673) |
| Net unrealized appreciation (depreciation) | &nbsp;&nbsp;$(7484264) |
| **As of 10/31/24** |  |
| Capital loss carryforwards | &nbsp;&nbsp;&nbsp;&nbsp;(37872706) |
| Other temporary differences | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(317911) |
| Net unrealized appreciation (depreciation) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9859385) |

---

The aggregate cost above includes prior fiscal year end tax adjustments, if applicable.

As of October 31, 2024, the fund had capital loss carryforwards available to offset future realized gains. These net capital losses may be carried forward indefinitely and their character is retained as short-term and/or long-term losses. Such losses are characterized as follows:

---

| | |
|:---|:---|
| Short-Term | &nbsp;&nbsp;&nbsp;&nbsp;$(946715) |
| Long-Term | &nbsp;&nbsp;(36925991) |
| Total | $(37872706) |

---

(3) Transactions with Affiliates

**Investment Adviser — The fund has an investment advisory agreement with MFS to provide overall investment management and related administrative services and facilities to the fund. The management fee is computed daily and paid monthly at an annual rate of 0.34% of the fund's average daily net assets and 5.40% of gross income. Gross income is calculated based on tax elections that generally include the accretion of discount and exclude the amortization of premium, which may differ from investment income reported in the Statement of Operations. The management fee, from net assets and gross income, incurred for the six months ended April 30, 2025 was equivalent to an annual effective rate of 0.78% of the fund's average daily net assets.**

**Transfer Agent — The fund engages Computershare Trust Company, N.A. ("Computershare") as the sole transfer agent for the fund. MFS Service Center, Inc. (MFSC) monitors and supervises the activities of Computershare for an agreed upon fee approved by the Board of Trustees. For the six months ended April 30, 2025, fees paid to MFSC amounted to $16,109.**

**Administrator — MFS provides certain financial, legal, shareholder communications, compliance, and other administrative services to the fund. Under an administrative services agreement, the fund reimburses MFS the costs incurred to provide these services. The fund is charged an annual fixed amount of $17,500 plus a fee based on**

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average daily net assets. The administrative services fee is computed daily and paid monthly. The administrative services fee incurred for the six months ended April 30, 2025 was equivalent to an annual effective rate of 0.0175% of the fund's average daily net assets.

**Trustees' and Officers' Compensation — The fund pays compensation to independent Trustees in the form of a retainer, attendance fees, and additional compensation to Board and Committee chairpersons. Independent Trustees' compensation is accrued daily and paid subsequent to each Trustee Board meeting. The fund does not pay compensation directly to Trustees or officers of the fund who are also officers of the investment adviser, all of whom receive remuneration from MFS for their services to the fund. Certain officers and Trustees of the fund are officers or directors of MFS and MFSC.**

**Other — The fund invests in the MFS Institutional Money Market Portfolio which is managed by MFS and seeks current income consistent with preservation of capital and liquidity. This money market fund does not pay a management fee to MFS but does incur investment and operating costs.**

(4) Portfolio Securities

For the six months ended April 30, 2025, purchases and sales of investments, other than purchased options with an expiration date of less than one year from the time of purchase and short-term obligations, were as follows:

---

| | | |
|:---|:---|:---|
|  | **Purchases** | &nbsp;&nbsp;**Sales** |
| U.S. Government securities | &nbsp;&nbsp;$5232262 | &nbsp;&nbsp;&nbsp;&nbsp;$4514128 |
| Non-U.S. Government securities | 117856810 | &nbsp;&nbsp;126135901 |

---

(5) Shares of Beneficial Interest

The fund's Declaration of Trust permits the Trustees to issue an unlimited number of full and fractional shares of beneficial interest. The Trustees have authorized the repurchase by the fund of up to 10% annually of its own shares of beneficial interest.

The fund repurchased 355,350 shares of beneficial interest during the six months ended April 30, 2025 at an average price per share of $4.55 and a weighted average discount of 8.21% per share. The fund repurchased 1,471,211 shares of beneficial interest during the year ended October 31, 2024 at an average price per share of $4.57 and a weighted average discount of 8.74% per share. Transactions in fund shares were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Six months ended<br> 4/30/25** | **Six months ended<br> 4/30/25** | &nbsp;&nbsp;**Year ended<br> 10/31/24** | &nbsp;&nbsp;**Year ended<br> 10/31/24** |
|  | **Shares** | &nbsp;&nbsp;**Amount** | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Amount** |
| Capital shares repurchased | (355350) | &nbsp;&nbsp;$(1618592) | &nbsp;&nbsp;(1471211) | &nbsp;&nbsp;$(6722168) |

---

(6) Loan Agreement

The fund has a credit agreement with a bank for a revolving secured line of credit that can be drawn upon up to $100,000,000. At April 30, 2025, the fund had outstanding borrowings under this agreement in the amount of $95,000,000, which are secured by a lien on the fund's assets. The loan's carrying value in the fund's Statement of Assets and Liabilities approximates its fair value. The loan value as of the reporting date is considered level 2 under the fair value hierarchy. The credit agreement has no explicit

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maturity date but may be terminated with appropriate notice by either party. Borrowings under the agreement can be made for liquidity or leverage purposes. Interest is charged at a rate per annum equal to the one-month term SOFR (Secured Overnight Financing Rate) plus 0.10% plus an agreed upon spread, or at the option of the borrower, an alternate base rate plus an agreed upon spread. The fund incurred interest expense of $2,593,622 during the period, which is included in "Interest expense and fees" in the Statement of Operations. The fund may also be charged a commitment fee based on the average daily unused portion of the line of credit. The fund paid a commitment fee of $3,177 during the period, which is included in "Interest expense and fees" in the Statement of Operations. For the six months ended April 30, 2025, the average loan balance was $95,000,000 at a weighted average annual interest rate of 5.51%. The fund is subject to certain covenants including, but not limited to, requirements with respect to asset coverage, portfolio diversification and liquidity.

(7) Investments in Affiliated Issuers

An affiliated issuer may be considered one in which the fund owns 5% or more of the outstanding voting securities, or a company which is under common control. For the purposes of this report, the following were affiliated issuers for the six months ended April 30, 2025:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated Issuers** | **Beginning<br> Value** | &nbsp;&nbsp;**Purchases** | &nbsp;&nbsp;**Sales<br> Proceeds** | &nbsp;&nbsp;**Realized<br> Gain<br> (Loss)** | &nbsp;&nbsp;**Change in<br> Unrealized<br> Appreciation or<br> Depreciation** | &nbsp;&nbsp;**Ending<br> Value** |
| MFS Institutional Money Market Portfolio | $7218242 | &nbsp;&nbsp; $68648762 | &nbsp;&nbsp; $74641819 | &nbsp;&nbsp; $(1190) | &nbsp;&nbsp; $(46) | &nbsp;&nbsp; $1223949 |

---

---

| | | |
|:---|:---|:---|
| **Affiliated Issuers** | **Dividend<br> Income** | &nbsp;&nbsp;**Capital Gain<br> Distributions** |
| MFS Institutional Money Market Portfolio | $127137 | &nbsp;&nbsp; $— |

---

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### Report of Independent Registered Public Accounting Firm
To the Shareholders and the Board of Trustees of MFS Multimarket Income Trust

#### Results of Review of Interim Financial Statements
We have reviewed the accompanying statement of assets and liabilities of MFS Multimarket Income Trust (the "Fund"), including the portfolio of investments, as of April 30, 2025, and the related statements of operations, changes in net assets, cash flows and financial highlights for the six-month period then ended and the related notes (collectively referred to as the "interim financial statements"). Based on our review, we are not aware of any material modifications that should be made to the interim financial statements for them to be in conformity with U.S. generally accepted accounting principles.

We have previously audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) ("PCAOB"), the statement of changes in net assets for the year ended October 31, 2024 and the financial highlights for each of the five years in the period then ended; and in our report dated December 13, 2024, we expressed an unqualified opinion on those financial statements.

#### Basis for Review Results
These financial statements are the responsibility of the Fund's management. We are a public accounting firm registered with the PCAOB and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the SEC and the PCAOB. We conducted our review in accordance with the standards of the PCAOB. A review of interim financial statements consists principally of applying analytical procedures and making inquiries of persons responsible for financial and accounting matters. It is substantially less in scope than an audit conducted in accordance with the standards of the PCAOB, the objective of which is the expression of an opinion regarding the financial statements taken as a whole. Accordingly, we do not express such an opinion.

/s/ Ernst & Young LLP

Boston, Massachusetts

June 13, 2025

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

#### Proxy Voting Policies and Information
MFS votes proxies on behalf of the fund pursuant to proxy voting policies and procedures that are available without charge, upon request, by calling 1-800-225-2606, by visiting *mfs.com/proxyvoting,* or by visiting the SEC's Web site at *http://www.sec.gov.*

Information regarding how the fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 is available by August 31 of each year without charge by visiting *mfs.com/proxyvoting,* or by visiting the SEC's Web site at *http://www.sec.gov.*

#### Quarterly Portfolio Disclosure
The fund files a complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund's Form N-PORT reports are available on the SEC's Web site at *http://www.sec.gov*. A shareholder can obtain the portfolio holdings report for the first and third quarters of the fund's fiscal year at *mfs.com/closedendfunds* by choosing the fund's name and then scrolling to the "Resources" section and clicking on the "Reports and Other Documents" tab.

#### Further Information
From time to time, MFS may post important information about the fund or the MFS Funds on the MFS Web site (*mfs.com*). This information is available at *https://www.mfs.com/announcements* or at *mfs.com/closedendfunds* by choosing the fund's name and then scrolling to the "Resources" section and clicking on the "Announcements" tab, if any.

Additional information about the fund (e.g., performance, dividends and the fund's price history) is also available at *mfs.com/closedendfunds* by choosing the fund's name, if any.

#### INFORMATION ABOUT FUND CONTRACTS AND LEGAL CLAIMS
The fund has entered into contractual arrangements with an investment adviser, administrator, transfer agent, and custodian who each provide services to the fund. Unless expressly stated otherwise, shareholders are not parties to, or intended beneficiaries of these contractual arrangements, and these contractual arrangements are not intended to create any shareholder right to enforce them against the service providers or to seek any remedy under them against the service providers, either directly or on behalf of the fund.

Under the Trust's By-Laws and Declaration of Trust, any claims asserted against or on behalf of the MFS Funds, including claims against Trustees and Officers, must be brought in state and federal courts located within the Commonwealth of Massachusetts.

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

------

[**Table of Contents**](#JOB_MMT_-_28aa2925-e68b-4bb7-a927-c804f545bce7_TOC)

![](img4a545eb01.gif)

------

### CONTACT US

#### COMPUTERSHARE TRUST COMPANY, N.A. TRANSFER AGENT, REGISTRAR, AND DIVIDEND DISBURSING AGENT

#### CALL
1-800-637-2304

9 a.m. to 5 p.m. Eastern time

#### WRITE
Computershare Trust Company, N.A.

P.O. Box 43078

Providence, RI 02940-3078

New York Stock Exchange Symbol: **MMT**

------

**Item 1(b):**

A copy of the notice transmitted to the Registrant's shareholders in reliance on Rule 30e-3 of the Investment Company Act of 1940, as amended that contains disclosure specified by paragraph (c)(3) of Rule 30e-3 is attached hereto as EX-99.30e-3Notice.

**ITEM 2. CODE OF ETHICS.**

During the period covered by this report, the Registrant has not amended any provision in its Code of Ethics (the "Code") that relates to an element of the Code's definition enumerated in paragraph (b) of Item 2 of this Form N-CSR. During the period covered by this report, the Registrant did not grant a waiver, including an implicit waiver, from any provision of the Code.

**ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.**

Not applicable for semi-annual reports.

**ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.**

Not applicable for semi-annual reports.

**ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.**

Not applicable for semi-annual reports.

**ITEM 6. INVESTMENTS**

A schedule of investments of the Registrant is included as part of the report to shareholders of the Registrant under Item 1(a) of this Form N-CSR.

**ITEM 7. FINANCIAL STATEMENTS AND FINANCIAL HIGHLIGHTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.**

Not applicable to the Registrant.

**ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.**

Not applicable to the Registrant.

**ITEM 9. PROXY DISCLOSURES FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.**

Not applicable to the Registrant.

**ITEM 10. RENUMERATION PAID TO DIRECTORS, OFFICERS, AND OTHERS OF OPEN-END MANAGEMENT INVESTMENT COMPANIES.**

Not applicable to the Registrant.

**ITEM 11. STATEMENT REGARDING BASES FOR APPROVAL OF INVESTMENT ADVISORY CONTRACT.**

Not applicable.

**ITEM 12. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.**

Not applicable for semi-annual reports.

**ITEM 13. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.**

There were no changes during the period.

![](gb-notice_imagesgbnotice3xg.jpg)

ITEM 14. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.

**MFS Multimarket Income Trust**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Total | &nbsp;&nbsp;&nbsp;&nbsp;(d) Maximum |
|  |  |  | **Number of** | **Number (or** |
|  | (a) Total number | (b) | **Shares** | **Approximate** |
|  **Period** | **of Shares** | **Average** | **Purchased as** | **Dollar Value) of** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Purchased** | &nbsp;&nbsp;&nbsp;&nbsp; **Price** | &nbsp;&nbsp; **Part of Publicly** | &nbsp;&nbsp; **Shares that May** |
|  |  | &nbsp;&nbsp; **Paid per** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Announced** | &nbsp;&nbsp; **Yet Be Purchased** |
|  |  | **Share** | **Plans or** | **under the Plans** |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Programs** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **or Programs** |
| 11/01/24-11/30/24 | 37439 | 4.67 | 37439 | 5492732 |
| 12/01/24-12/31/24 | 128457 | 4.63 | 128457 | 5364275 |
| 01/01/25-01/31/25 | 22000 | 4.66 | 22000 | 5342275 |
| 02/01/25-02/28/25 | 0 | N/A | 0 | 5342275 |
| 03/01/25-03/31/25 | 0 | N/A | 0 | 5342275 |
| 04/01/25-04/30/25 | 167454 | 4.46 | 167454 | 5174821 |
| Total | **355350** | 4.55 | **355350** |  |

---

Note: The Board approved procedures to repurchase shares and reviews the results periodically. The notification to shareholders of the program is part of the semi-annual and annual reports sent to shareholders. These annual programs begin on October 1st of each year. The programs conform to the conditions of Rule 10b-18 of the Securities Exchange Act of 1934 and limit the aggregate number of shares that may be purchased in each annual period (October 1 through the following September 30) to 10% of the Registrant's outstanding shares as of the first day of the plan year (October 1). The aggregate number of shares available for purchase for the October 1, 2024 plan year is 5,530,171.

**ITEM 15. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.**

There were no material changes to the procedures by which shareholders may send recommendations to the Board for nominees to the Registrant's Board since the Registrant last provided disclosure as to such procedures in response to the requirements of Item 407 (c)(2)(iv) of Regulation S-K or this Item.

**ITEM 16. CONTROLS AND PROCEDURES.**

(a)Based upon their evaluation of the effectiveness of the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the "Act")) as conducted within 90 days of the filing date of this report on Form N-CSR, the Registrant's principal financial officer and principal executive officer have concluded that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the Registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms.

(b)There were no changes in the Registrant's internal controls over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the period covered by the report that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting.

**ITEM 17. DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.**

Not applicable for semi-annual reports.

**ITEM 18. RECOVERY OF ERRONEOUSLY AWARDED COMPENSATION.**

Not applicable.

**ITEM 19. EXHIBITS.**

(a)(1) Any code of ethics, or amendment thereto, that is the subject of the disclosure required by Item 2, to the extent that the registrant intends to satisfy the Item 2 requirements through filing of an exhibit: Not applicable.

&nbsp;&nbsp;&nbsp;&nbsp;(2)A separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Act (17 CFR 270.30a-2): Attached hereto as [EX-99.302CERT](f42326d2.htm).

&nbsp;&nbsp;&nbsp;&nbsp;(3)Any written solicitation to purchase securities under Rule 23c-1 under the Act (17 CFR 270.23c-1) sent or given during the period covered by the report by or on behalf of the registrant to 10 or more persons. Not applicable.

&nbsp;&nbsp;&nbsp;&nbsp;(4)Change in the registrant's independent public accountant. Not applicable.

(b)If the report is filed under Section 13(a) or 15(d) of the Exchange Act, provide the certifications required by Rule 30a-2(b) under the Act (17 CFR 270.30a-2(b)), Rule 13a-14(b) or Rule 15d-14(b) under the Exchange Act (17 CFR 240.13a-14(b) or 240.15d-14(b)) and Section 1350 of Chapter 63 of Title 18 of the United States Code (18 U.S.C. 1350) as an exhibit. A certification furnished pursuant to this paragraph will not be deemed "filed" for the purposes of Section 18 of the Exchange Act (15 U.S.C. 78r), or otherwise subject to the liability of that section. Such certification will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Exchange Act, except to the extent that the registrant specifically incorporates it by reference. Attached hereto as [EX-99.906CERT](f42326d3.htm).

(c)Registrant's Rule 30e-3 Notice pursuant to Item 1(b) of Form N-CSR. Attached hereto as [EX-99.30e-3Notice](f42326d4.htm).

(d)Notices to Trust's common shareholders in accordance with Investment Company Act Section 19(a) and Rule 19a-1. Attached hereto as [Ex-99.19a-1](f42326d5.htm).

**Notice**

A copy of the Amended and Restated Declaration of Trust, as amended, of the Registrant is on file with the Secretary of State of The Commonwealth of Massachusetts and notice is hereby given that this instrument is executed on behalf of the Registrant by an officer of the Registrant as an officer and not individually and the obligations of or arising out of this instrument are not binding upon any of the Trustees or shareholders individually, but are binding only upon the assets and property of the respective constituent series of the Registrant.

**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) MFS MULTIMARKET INCOME TRUST

By (Signature and Title)\*

<u>/S/ DAVID L. DILORENZO</u>

David L. DiLorenzo, President

Date: June 13, 2025

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 (Signature and Title)\*

<u>/S/ DAVID L. DILORENZO</u>

David L. DiLorenzo, President (Principal Executive Officer)

Date: June 13, 2025

By (Signature and Title)\*

<u>/S/ KASEY L. PHILLIPS</u>

Kasey L. Phillips, Treasurer (Principal Financial Officer and Accounting Officer) Date: June 13, 2025

\* Print name and title of each signing officer under his or her signature.

------

## Exhibit 99.302

**<u>EX-99.302CERT</u>**

**MFS MULTIMARKET INCOME TRUST**

**Certification Pursuant to Section 302 of the Sarbanes-Oxley Act**

I, Kasey L. Phillips, certify that:

1. I have reviewed this report on Form N-CSR of MFS Multimarket Income Trust;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

a.Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b.Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c.Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures as of a date within 90 days prior to the filing date of this report based on such evaluation; and

d.Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by the report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a.All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

b.Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: June 13, 2025

<u>/S/ KASEY L. PHILLIPS</u>

Kasey L. Phillips

Treasurer (Principal Financial Officer and Accounting Officer)

**<u>EX-99.302CERT</u>**

**MFS MULTIMARKET INCOME TRUST**

**Certification Pursuant to Section 302 of the Sarbanes-Oxley Act**

I, David L. DiLorenzo, certify that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.I have reviewed this report on Form N-CSR of MFS Multimarket Income Trust;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c.Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d.Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by the report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: June 13, 2025

<u>/S/ DAVID L. DILORENZO</u>

David L. DiLorenzo

President (Principal Executive Officer)

## Exhibit 99.906

**<u>EX-99.906CERT</u>**

**MFS MULTIMARKET INCOME TRUST**

**Certification Pursuant to Section 906 of the Sarbanes-Oxley Act**

I, Kasey L. Phillips, certify that, to my knowledge:

1. The Form N-CSR (the "Report") of MFS Multimarket Income Trust (the "Registrant") fully complies for the period covered by the Report with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

Date: June 13, 2025

<u>/S/ KASEY L. PHILLIPS</u>

Kasey L. Phillips

Treasurer (Principal Financial Officer and Accounting Officer)

**A signed original of this written statement required by Section 906 has been provided to the Registrant and will be retained by the Registrant and furnished to the Securities and Exchange Commission or its staff upon request.**

**<u>EX-99.906CERT</u>**

**MFS MULTIMARKET INCOME TRUST**

**Certification Pursuant to Section 906 of the Sarbanes-Oxley Act**

I, David L. DiLorenzo, certify that, to my knowledge:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.The Form N-CSR (the "Report") of MFS Multimarket Income Trust (the "Registrant") fully complies for the period covered by the Report with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

Date: June 13, 2025

<u>/S/ DAVID L. DILORENZO</u>

David L. DiLorenzo

President (Principal Executive Officer)

**A signed original of this written statement required by Section 906 has been provided to the Registrant and will be retained by the Registrant and furnished to the Securities and Exchange Commission or its staff upon request.**

## Exhibit 99.30

**<u>EX-99.30e-3Notice</u>**

![](gg-30e3_imagesgg30e32x1.jpg)

**MFS Multimarket Income Trust**

Thank you for being a shareholder. You are encouraged to access and review this important report containing information about the fund, including portfolio holdings and ﬁnancial statements.

The report is available at:

**closedendfunds.mfs.com**

This report is available by mail or email upon request free of charge. Reports for the prior reporting period and the fund's portfolio holdings for its most recent ﬁ rst and third ﬁscal quarters are also available online and in print by request.

Current and future report delivery requests can be submitted at any time using the options in the right panel.

**Why am I receiving this Notice?**

The Securities and Exchange Commission adopted new rule 30e-3, which, among other things, allows mutual fund companies to deliver shareholder reports by making such reports accessible at a website address. You still may elect to receive a paper copy of the current report and/or any future reports by following the instructions on the panel on the right-hand side.

001CD80003 : CCS-Letter-75GSM-Plain-white-20/50#

**An Important Report to Shareholders is Now Available Online and In Print by Request**

Scan this code with your

smartphone to access your report:

Or download your report

using the link in the left panel.

Prefer a copy by mail or email?

Within USA, US Territories & Canada

800-637-2304

Outside USA, US Territories & Canada

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(781) 575-2879

Sign up to get future

Fund Reports by email

Sign in to computershare.com/investor

Select My Proﬁle >

Communications Preferences

and choose your preferred method

![](gg-30e3_imagesgg30e33x1.jpg)

Please contact us with any questions:

Website

www.computershare.com/mfs

Phone

Within USA, US Territories & Canada

800-637-2304

Outside USA, US Territories & Canada

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(781) 575-2879

Regular Mail

Computershare Trust Company, N.A.

P.O. Box 505005

Louisville, KY 40233-5005

In accordance with Section 23(c) of the Investment Company Act of 1940, the fund hereby gives notice that it may from time to time repurchase shares of the fund in the open market at the option of the Board of Trustees and on such terms as the Trustees shall determine.

03DCCB

## Exhibit 99.19

**<u>EX-99.19a-1</u>**

![](gg-1ga1_imagesgg1ga12x1.jpg)

**MFS<sup>®</sup> Multimarket Income Trust**

**P.O. Box 43078**

**Providence, RI 02940-3078**

**Notice to shareholders — Source of distribution**

---

| | |
|:---|:---|
| Distribution period | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;April-2025 |
| Distribution amount per share | $0.03347 |

---

The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital or other capital source. The fund's fiscal year begins each November 1<sup>st</sup>. All amounts are expressed per common share.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Current | % Breakdown of | Total cumulative | % Breakdown of the total | % Breakdown of the total |
|  | Current | % Breakdown of | distributions for the | cumulative distributions | cumulative distributions |
|  | distribution | current distribution | fiscal year to date | for the fiscal year to date | for the fiscal year to date |
| Net Investment Income | 0.00000 | 0% | 0.14375 |  | 71% |
| Net Realized ST Cap Gains | 0.00000 | 0% | 0.00000 |  | 0% |
| Net Realized LT Cap Gains | 0.00000 | 0% | 0.00000 |  | 0% |
| Return of Capital or | 0.03347 | 100% | 0.05871 |  | 29% |
| &nbsp;&nbsp;Other Capital Source | 0.03347 | 100% | 0.05871 |  | 29% |
| Total (per common share) | 0.03347 | 100% | 0.20246 |  | 100% |
| Average annual total return (in relation to NAV) for the five years ended 3-31-2025 | Average annual total return (in relation to NAV) for the five years ended 3-31-2025 | Average annual total return (in relation to NAV) for the five years ended 3-31-2025 | Average annual total return (in relation to NAV) for the five years ended 3-31-2025 |  | 6.63% |
| Annualized current distribution rate expressed as a percentage of month end NAV as of 3-31-2025 | Annualized current distribution rate expressed as a percentage of month end NAV as of 3-31-2025 | Annualized current distribution rate expressed as a percentage of month end NAV as of 3-31-2025 | Annualized current distribution rate expressed as a percentage of month end NAV as of 3-31-2025 | Annualized current distribution rate expressed as a percentage of month end NAV as of 3-31-2025 | 8.05% |
| Cumulative total return (in relation to NAV) for the fiscal year through 3-31-2025 | Cumulative total return (in relation to NAV) for the fiscal year through 3-31-2025 | Cumulative total return (in relation to NAV) for the fiscal year through 3-31-2025 | Cumulative total return (in relation to NAV) for the fiscal year through 3-31-2025 |  | 1.80% |
| Cumulative fiscal year distributions as a percentage of NAV as of 3-31-2025 | Cumulative fiscal year distributions as a percentage of NAV as of 3-31-2025 | Cumulative fiscal year distributions as a percentage of NAV as of 3-31-2025 | Cumulative fiscal year distributions as a percentage of NAV as of 3-31-2025 |  | 4.06% |

---

You should not draw any conclusions about the fund's investment performance from the amount of this distribution or from the terms of the fund's managed distribution plan.

The fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the fund is paid back to you. A return of capital distribution does not necessarily reflect the fund's investment performance and should not be confused with "yield" or "income."

The amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax- reporting purposes. The actual amounts and sources of the amounts for tax-reporting purposes will depend upon the fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

If you have any questions regarding this information, please call our fund service department at 1-800-637-2304 any business day from 9 a.m. to 5 p.m. Eastern time.

MMTSN-0425

![](gg-1ga1_imagesgg1ga13x1.jpg)

**MFS<sup>®</sup> Multimarket Income Trust**

**P.O. Box 43078**

**Providence, RI 02940-3078**

**Notice to shareholders — Source of distribution**

---

| | |
|:---|:---|
| Distribution period | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;March-2025 |
| Distribution amount per share | $0.03369 |

---

The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital or other capital source. The fund's fiscal year begins each November 1<sup>st</sup>. All amounts are expressed per common share.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Current | % Breakdown of | Total cumulative | % Breakdown of the total | % Breakdown of the total |
|  | Current | % Breakdown of | distributions for the | cumulative distributions | cumulative distributions |
|  | distribution | current distribution | fiscal year to date | for the fiscal year to date | for the fiscal year to date |
| Net Investment Income | 0.03335 | 99% | 0.16899 |  | 100% |
| Net Realized ST Cap Gains | 0.00000 | 0% | 0.00000 |  | 0% |
| Net Realized LT Cap Gains | 0.00000 | 0% | 0.00000 |  | 0% |
| Return of Capital or | 0.00034 | 1% | 0.00000 |  | 0% |
| &nbsp;&nbsp;Other Capital Source | 0.00034 | 1% | 0.00000 |  | 0% |
| Total (per common share) | 0.03369 | 100% | 0.16899 |  | 100% |
| Average annual total return (in relation to NAV) for the five years ended 2-28-2025 | Average annual total return (in relation to NAV) for the five years ended 2-28-2025 | Average annual total return (in relation to NAV) for the five years ended 2-28-2025 | Average annual total return (in relation to NAV) for the five years ended 2-28-2025 |  | 4.23% |
| Annualized current distribution rate expressed as a percentage of month end NAV as of 2-28-2025 | Annualized current distribution rate expressed as a percentage of month end NAV as of 2-28-2025 | Annualized current distribution rate expressed as a percentage of month end NAV as of 2-28-2025 | Annualized current distribution rate expressed as a percentage of month end NAV as of 2-28-2025 | Annualized current distribution rate expressed as a percentage of month end NAV as of 2-28-2025 | 7.96% |
| Cumulative total return (in relation to NAV) for the fiscal year through 2-28-2025 | Cumulative total return (in relation to NAV) for the fiscal year through 2-28-2025 | Cumulative total return (in relation to NAV) for the fiscal year through 2-28-2025 | Cumulative total return (in relation to NAV) for the fiscal year through 2-28-2025 |  | 2.90% |
| Cumulative fiscal year distributions as a percentage of NAV as of 2-28-2025 | Cumulative fiscal year distributions as a percentage of NAV as of 2-28-2025 | Cumulative fiscal year distributions as a percentage of NAV as of 2-28-2025 | Cumulative fiscal year distributions as a percentage of NAV as of 2-28-2025 |  | 3.33% |

---

You should not draw any conclusions about the fund's investment performance from the amount of this distribution or from the terms of the fund's managed distribution plan.

The fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the fund is paid back to you. A return of capital distribution does not necessarily reflect the fund's investment performance and should not be confused with "yield" or "income."

The amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax- reporting purposes. The actual amounts and sources of the amounts for tax-reporting purposes will depend upon the fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

If you have any questions regarding this information, please call our fund service department at 1-800-637-2304 any business day from 9 a.m. to 5 p.m. Eastern time.

MMTSN-0325

![](gg-1ga1_imagesgg1ga14x1.jpg)

**MFS<sup>®</sup> Multimarket Income Trust**

**P.O. Box 43078**

**Providence, RI 02940-3078**

**Notice to shareholders — Source of distribution**

---

| | |
|:---|:---|
| Distribution period | &nbsp;&nbsp;&nbsp;&nbsp;February-2025 |
| Distribution amount per share | $0.03344 |

---

The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital or other capital source. The fund's fiscal year begins each November 1<sup>st</sup>. All amounts are expressed per common share.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Current | % Breakdown of | Total cumulative | % Breakdown of the total | % Breakdown of the total |
|  | Current | % Breakdown of | distributions for the | cumulative distributions | cumulative distributions |
|  | distribution | current distribution | fiscal year to date | for the fiscal year to date | for the fiscal year to date |
| Net Investment Income | 0.03344 | 100% | 0.13530 |  | 100% |
| Net Realized ST Cap Gains | 0.00000 | 0% | 0.00000 |  | 0% |
| Net Realized LT Cap Gains | 0.00000 | 0% | 0.00000 |  | 0% |
| Return of Capital or | 0.00000 | 0% | 0.00000 |  | 0% |
| &nbsp;&nbsp;Other Capital Source | 0.00000 | 0% | 0.00000 |  | 0% |
| Total (per common share) | 0.03344 | 100% | 0.13530 |  | 100% |
| Average annual total return (in relation to NAV) for the five years ended 1-31-2025 | Average annual total return (in relation to NAV) for the five years ended 1-31-2025 | Average annual total return (in relation to NAV) for the five years ended 1-31-2025 | Average annual total return (in relation to NAV) for the five years ended 1-31-2025 |  | 3.81% |
| Annualized current distribution rate expressed as a percentage of month end NAV as of 1-31-2025 | Annualized current distribution rate expressed as a percentage of month end NAV as of 1-31-2025 | Annualized current distribution rate expressed as a percentage of month end NAV as of 1-31-2025 | Annualized current distribution rate expressed as a percentage of month end NAV as of 1-31-2025 | Annualized current distribution rate expressed as a percentage of month end NAV as of 1-31-2025 | 7.95% |
| Cumulative total return (in relation to NAV) for the fiscal year through 1-31-2025 | Cumulative total return (in relation to NAV) for the fiscal year through 1-31-2025 | Cumulative total return (in relation to NAV) for the fiscal year through 1-31-2025 | Cumulative total return (in relation to NAV) for the fiscal year through 1-31-2025 |  | 1.57% |
| Cumulative fiscal year distributions as a percentage of NAV as of 1-31-2025 | Cumulative fiscal year distributions as a percentage of NAV as of 1-31-2025 | Cumulative fiscal year distributions as a percentage of NAV as of 1-31-2025 | Cumulative fiscal year distributions as a percentage of NAV as of 1-31-2025 |  | 2.68% |

---

You should not draw any conclusions about the fund's investment performance from the amount of this distribution or from the terms of the fund's managed distribution plan.

The fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the fund is paid back to you. A return of capital distribution does not necessarily reflect the fund's investment performance and should not be confused with "yield" or "income."

The amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax- reporting purposes. The actual amounts and sources of the amounts for tax-reporting purposes will depend upon the fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

If you have any questions regarding this information, please call our fund service department at 1-800-637-2304 any business day from 9 a.m. to 5 p.m. Eastern time.

MMTSN-0225

![](gg-1ga1_imagesgg1ga15x1.jpg)

**MFS<sup>®</sup> Multimarket Income Trust**

**P.O. Box 43078**

**Providence, RI 02940-3078**

**Notice to shareholders — Source of distribution**

---

| | |
|:---|:---|
| Distribution period | &nbsp;&nbsp;&nbsp;&nbsp;January-2025 |
| Distribution amount per share | $0.03383 |

---

The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital or other capital source. The fund's fiscal year begins each November 1<sup>st</sup>. All amounts are expressed per common share.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Current | % Breakdown of | Total cumulative | % Breakdown of the total | % Breakdown of the total |
|  | Current | % Breakdown of | distributions for the | cumulative distributions | cumulative distributions |
|  | distribution | current distribution | fiscal year to date | for the fiscal year to date | for the fiscal year to date |
| Net Investment Income | 0.03383 | 100% | 0.10186 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100% |  |
| Net Realized ST Cap Gains | 0.00000 | 0% | 0.00000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0% |  |
| Net Realized LT Cap Gains | 0.00000 | 0% | 0.00000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0% |  |
| Return of Capital or | 0.00000 | 0% | 0.00000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0% |  |
| &nbsp;&nbsp;Other Capital Source | 0.00000 | 0% | 0.00000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0% |  |
| Total (per common share) | 0.03383 | 100% | 0.10186 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100% |  |
| Average annual total return (in relation to NAV) for the five years ended 12-31-2024 | Average annual total return (in relation to NAV) for the five years ended 12-31-2024 | Average annual total return (in relation to NAV) for the five years ended 12-31-2024 | Average annual total return (in relation to NAV) for the five years ended 12-31-2024 |  | 3.72% |
| Annualized current distribution rate expressed as a percentage of month end NAV as of 12-31-2024 | Annualized current distribution rate expressed as a percentage of month end NAV as of 12-31-2024 | Annualized current distribution rate expressed as a percentage of month end NAV as of 12-31-2024 | Annualized current distribution rate expressed as a percentage of month end NAV as of 12-31-2024 | Annualized current distribution rate expressed as a percentage of month end NAV as of 12-31-2024 | 8.09% |
| Cumulative total return (in relation to NAV) for the fiscal year through 12-31-2024 | Cumulative total return (in relation to NAV) for the fiscal year through 12-31-2024 | Cumulative total return (in relation to NAV) for the fiscal year through 12-31-2024 | Cumulative total return (in relation to NAV) for the fiscal year through 12-31-2024 |  | 0.25% |
| Cumulative fiscal year distributions as a percentage of NAV as of 12-31-2024 | Cumulative fiscal year distributions as a percentage of NAV as of 12-31-2024 | Cumulative fiscal year distributions as a percentage of NAV as of 12-31-2024 | Cumulative fiscal year distributions as a percentage of NAV as of 12-31-2024 |  | 2.03% |

---

You should not draw any conclusions about the fund's investment performance from the amount of this distribution or from the terms of the fund's managed distribution plan.

The fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the fund is paid back to you. A return of capital distribution does not necessarily reflect the fund's investment performance and should not be confused with "yield" or "income."

The amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax- reporting purposes. The actual amounts and sources of the amounts for tax-reporting purposes will depend upon the fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

If you have any questions regarding this information, please call our fund service department at 1-800-637-2304 any business day from 9 a.m. to 5 p.m. Eastern time.

MMTSN-0125

![](gg-1ga1_imagesgg1ga16x1.jpg)

**MFS<sup>®</sup> Multimarket Income Trust**

**P.O. Box 43078**

**Providence, RI 02940-3078**

**Notice to shareholders — Source of distribution**

---

| | |
|:---|:---|
| Distribution period | &nbsp;&nbsp;&nbsp;&nbsp;December-2024 |
| Distribution amount per share | $0.03385 |

---

The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital or other capital source. The fund's fiscal year begins each November 1<sup>st</sup>. All amounts are expressed per common share.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Current | % Breakdown of | Total cumulative | % Breakdown of the total | % Breakdown of the total |
|  | Current | % Breakdown of | distributions for the | cumulative distributions | cumulative distributions |
|  | distribution | current distribution | fiscal year to date | for the fiscal year to date | for the fiscal year to date |
| Net Investment Income | 0.03385 | 100% | 0.06803 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100% |  |
| Net Realized ST Cap Gains | 0.00000 | 0% | 0.00000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0% |  |
| Net Realized LT Cap Gains | 0.00000 | 0% | 0.00000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0% |  |
| Return of Capital or | 0.00000 | 0% | 0.00000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0% |  |
| &nbsp;&nbsp;Other Capital Source | 0.00000 | 0% | 0.00000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0% |  |
| Total (per common share) | 0.03385 | 100% | 0.06803 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100% |  |
| Average annual total return (in relation to NAV) for the five years ended 11-30-2024 | Average annual total return (in relation to NAV) for the five years ended 11-30-2024 | Average annual total return (in relation to NAV) for the five years ended 11-30-2024 | Average annual total return (in relation to NAV) for the five years ended 11-30-2024 |  | 4.24% |
| Annualized current distribution rate expressed as a percentage of month end NAV as of 11-30-2024 | Annualized current distribution rate expressed as a percentage of month end NAV as of 11-30-2024 | Annualized current distribution rate expressed as a percentage of month end NAV as of 11-30-2024 | Annualized current distribution rate expressed as a percentage of month end NAV as of 11-30-2024 | Annualized current distribution rate expressed as a percentage of month end NAV as of 11-30-2024 | 7.95% |
| Cumulative total return (in relation to NAV) for the fiscal year through 11-30-2024 | Cumulative total return (in relation to NAV) for the fiscal year through 11-30-2024 | Cumulative total return (in relation to NAV) for the fiscal year through 11-30-2024 | Cumulative total return (in relation to NAV) for the fiscal year through 11-30-2024 |  | 1.32% |
| Cumulative fiscal year distributions as a percentage of NAV as of 11-30-2024 | Cumulative fiscal year distributions as a percentage of NAV as of 11-30-2024 | Cumulative fiscal year distributions as a percentage of NAV as of 11-30-2024 | Cumulative fiscal year distributions as a percentage of NAV as of 11-30-2024 |  | 1.33% |

---

You should not draw any conclusions about the fund's investment performance from the amount of this distribution or from the terms of the fund's managed distribution plan.

The fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the fund is paid back to you. A return of capital distribution does not necessarily reflect the fund's investment performance and should not be confused with "yield" or "income."

The amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax- reporting purposes. The actual amounts and sources of the amounts for tax-reporting purposes will depend upon the fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

If you have any questions regarding this information, please call our fund service department at 1-800-637-2304 any business day from 9 a.m. to 5 p.m. Eastern time.

MMTSN-1224

![](gg-1ga1_imagesgg1ga17x1.jpg)

**MFS<sup>®</sup> Multimarket Income Trust**

**P.O. Box 43078**

**Providence, RI 02940-3078**

**Notice to shareholders — Source of distribution**

---

| | |
|:---|:---|
| Distribution period | &nbsp;&nbsp;&nbsp;&nbsp;November-2024 |
| Distribution amount per share | $0.03418 |

---

The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital or other capital source. The fund's fiscal year begins each November 1<sup>st</sup>. All amounts are expressed per common share.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Current | % Breakdown of | Total cumulative | % Breakdown of the total | % Breakdown of the total |
|  | Current | % Breakdown of | distributions for the | cumulative distributions | cumulative distributions |
|  | distribution | current distribution | fiscal year to date | for the fiscal year to date | for the fiscal year to date |
| Net Investment Income | 0.03418 | 100% | 0.03418 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100% |  |
| Net Realized ST Cap Gains | 0.00000 | 0% | 0.00000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0% |  |
| Net Realized LT Cap Gains | 0.00000 | 0% | 0.00000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0% |  |
| Return of Capital or | 0.00000 | 0% | 0.00000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0% |  |
| &nbsp;&nbsp;Other Capital Source | 0.00000 | 0% | 0.00000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0% |  |
| Total (per common share) | 0.03418 | 100% | 0.03418 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100% |  |
| Average annual total return (in relation to NAV) for the five years ended 10-31-2024 | Average annual total return (in relation to NAV) for the five years ended 10-31-2024 | Average annual total return (in relation to NAV) for the five years ended 10-31-2024 | Average annual total return (in relation to NAV) for the five years ended 10-31-2024 |  | 4.02% |
| Annualized current distribution rate expressed as a percentage of month end NAV as of 10-31-2024 | Annualized current distribution rate expressed as a percentage of month end NAV as of 10-31-2024 | Annualized current distribution rate expressed as a percentage of month end NAV as of 10-31-2024 | Annualized current distribution rate expressed as a percentage of month end NAV as of 10-31-2024 | Annualized current distribution rate expressed as a percentage of month end NAV as of 10-31-2024 | 8.07% |
| Cumulative total return (in relation to NAV) for the fiscal year through 10-31-2024 | Cumulative total return (in relation to NAV) for the fiscal year through 10-31-2024 | Cumulative total return (in relation to NAV) for the fiscal year through 10-31-2024 | Cumulative total return (in relation to NAV) for the fiscal year through 10-31-2024 | 18.73% | 18.73% |
| Cumulative fiscal year distributions as a percentage of NAV as of 10-31-2024 | Cumulative fiscal year distributions as a percentage of NAV as of 10-31-2024 | Cumulative fiscal year distributions as a percentage of NAV as of 10-31-2024 | Cumulative fiscal year distributions as a percentage of NAV as of 10-31-2024 |  | 0.67% |

---

You should not draw any conclusions about the fund's investment performance from the amount of this distribution or from the terms of the fund's managed distribution plan.

The fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the fund is paid back to you. A return of capital distribution does not necessarily reflect the fund's investment performance and should not be confused with "yield" or "income."

The amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax- reporting purposes. The actual amounts and sources of the amounts for tax-reporting purposes will depend upon the fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

If you have any questions regarding this information, please call our fund service department at 1-800-637-2304 any business day from 9 a.m. to 5 p.m. Eastern time.

MMTSN-1124