The
fund’s
Level
3
investments
have
been
valued
using
unadjusted
inputs
that
have
not
been
internally
developed
by
the
fund,
including
third-party
transactions
and
indicative
broker
quotations.
As
a
result,
there
were
no
unobservable
inputs
that
have
been
internally
developed
by
the
fund
in
determining
the
fair
value
of
investments
as
of
February
28,
2026.
OTHER
MATTERS
Unpredictable environmental,
political,
social
and
economic
events,
including
but
not
limited
to,
environmental
or
natural
disasters,
war
and
conflict,
terrorism,
geopolitical
and
regulatory
developments
(including
trading
and
tariff
arrangements),
and
public
health
epidemics
or
threats,
may
significantly
affect
the
economy
and
the
markets
and
issuers
in
which
a
fund
invests.
The
extent
and
duration
of
such
events
and
resulting
market
disruptions
cannot
be
predicted.
These
and
other
similar
events
may
cause
instability
across
global
markets,
including
reduced
liquidity
and
disruptions
in
trading
markets,
while
some
events
may
affect
certain
geographic
regions,
countries,
sectors,
and
industries
more
significantly
than
others,
and
exacerbate
other
pre-
existing
political,
social,
and
economic
risks.
The
fund’s
performance
could
be
negatively
impacted
if
the
value
of
a
portfolio
holding
were
harmed
by
these
or
such
events.
F194-054Q3
02/26
($000s)
Beginning
Balance
5/31/25
Gain
(Loss)
During
Period
Total
Purchases
Total
Sales
Transfer
Into
Level 3
Transfer
Out
of
Level
3
Ending
Balance
2/28/26
Investment
in
Securities
Bank
Loans
$
184,441
$
(1,681)
$
220,086
$
(136,879)
$
27,622
$
(57,953)
$
235,636
Convertible
Preferred
Stocks
6,200
—
—
—
—
—
6,200
Corporate
Bonds
—
—
3,652
—
—
—
3,652
Preferred
Stocks
7,535
(321)
3,404
—
—
—
10,618
Total
$
198,176
$
(2,002)
$
227,142
$
(136,879)
$
27,622
$
(57,953)
$
256,106