Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public)

TCW Strategic Income Fund, Inc.

SCHEDULE OF INVESTMENTS September 30, 2023 (Unaudited)


Issues	Maturity Date		Principal Amount		Value

FIXED INCOME SECURITIES—108.9% of Net Assets
ASSET-BACKED SECURITIES—16.9%
Academic Loan Funding Trust Series 2012-1A, Class R 0.00%^{(1),(2),(3),(4)}		12/27/44	$	3,368	$	589,400
Allegro CLO XIII Ltd. Series 2020-1A, Class B 7.30% (3 mo. USD Term SOFR + 1.962%)^(1),(5)		01/21/32		475,000		470,393
Allegro CLO XIII Ltd. Series 2021-1A, Class B 7.29% (3 mo. USD Term SOFR + 1.962%)^(1),(5)		07/20/34		650,000		639,774
AMSR Trust Series 2020-SFR1, Class I 8.19%⁽¹⁾		04/17/37		850,000		828,179
AMSR Trust Series 2020-SFR2, Class F 5.25%⁽¹⁾		07/17/37		1,375,000		1,317,352
AMSR Trust Series 2020-SFR3, Class E1 2.56%⁽¹⁾		09/17/37		1,000,000		914,807
Apidos CLO XXXVII Series 2021-37A, Class B 7.21% (3 mo. USD Term SOFR + 1.862%)^(1),(5)		10/22/34		725,000		712,240
Bayview Commercial Asset Trust Series 2003-2, Class A 6.30% (1 mo. USD Term SOFR + 0.984%)^(1),(5)		12/25/33		91,350		87,913
BlackRock Rainier CLO VI Ltd. Series 2021-6A, Class A 7.29% (3 mo. USD Term SOFR + 1.962%)^(1),(5)		04/20/33		700,000		694,715
BMO SBA COOF Trust Series 2019-1, Class A (I/O) 1.61%^(1),(6)		10/25/45		4,615,758		152,446
Carvana Auto Receivables Trust Series 2020-P1, Class R 0.00%^(1),(3)		09/08/27		2,000		218,447
Carvana Auto Receivables Trust Series 2021-N3, Class R 0.00%^(1),(3)		06/12/28		2,200		387,372
Carvana Auto Receivables Trust Series 2022-N1, Class R 0.00%^(1),(3)		12/11/28		4,700		721,316
Carvana Auto Receivables Trust Series 2022-P1, Class R 0.00%^(1),(3)		01/10/29		2,425		757,598
Carvana Auto Receivables Trust Series 2022-P2, Class R 0.00%^(1),(3)		05/10/29		3,700		695,228
Carvana Auto Receivables Trust Series 2022-P3, Class R 0.00%^(1),(3)		09/10/29		2,900		459,587
Carvana Auto Receivables Trust Series 2023-P1, Class R 0.00%^(1),(3)		03/11/30		4,400		879,004
Carvana Auto Receivables Trust Series 2023-P2, Class R 0.00%^(1),(3)		06/10/30		2,000		504,891
Cedar Funding II CLO Ltd. Series 2013-1A, Class BRR 6.94% (3 mo. USD Term SOFR + 1.612%)^(1),(5)		04/20/34		700,000		676,340
CIFC Funding Ltd. Series 2018-1A, Class SUB 0.00%^(1),(6)		04/18/31		650,000		282,183
CIFC Funding Ltd. Series 2022-2A, Class INCB 1.00%^(1),(6)		04/19/35		685,000		577,980
CIT Education Loan Trust Series 2007-1, Class A 5.60% (90 day USD SOFR Average + 0.352%)^(1),(5)		03/25/42		351,518		339,704
COOF Securitization Trust II Series 2015-2, Class A1 (I/O) 2.33%^(1),(6)		08/25/41		2,303,468		144,629
CoreVest American Finance Ltd. Series 2019-1, Class XA (I/O) 2.45%^(1),(6)		03/15/52		46,996		100
FirstKey Homes Trust Series 2020-SFR1, Class G 4.78%⁽¹⁾		08/17/37		1,735,000		1,616,172
FirstKey Homes Trust Series 2021-SFR3, Class E1 2.99%⁽¹⁾		12/17/38		1,173,000		1,026,555
FRTKL Group, Inc. Series 2021-SFR1, Class G 4.11%⁽¹⁾		09/17/38		1,015,000		861,347
Global SC Finance II SRL Series 2014-1A, Class A2 3.09%⁽¹⁾		07/17/29		36,192		35,351
Goal Capital Funding Trust Series 2006-1, Class B 6.10% (3 mo. USD LIBOR + 0.450%)⁽⁵⁾		08/25/42		124,055		112,657
GoldenTree Loan Management U.S. CLO Ltd. Series 2023-17A, Class D 10.25% (-3 mo. USD Term SOFR + 5.000%)^(1),(5)		07/20/36		650,000		661,245
Golub Capital Partners CLO 69M Series 2023-69A, Class B1 0.00% (-3 mo. USD Term SOFR + 3.25%)^(1),(5)		11/09/36		870,000		871,087
Harvest Commercial Capital Loan Trust Series 2019-1, Class A 3.29%^(1),(6)		09/25/46		159,355		153,894
HOA Funding LLC Series 2021-1A, Class A2 4.72%⁽¹⁾		08/20/51		588,000		483,601
HPS Loan Management Ltd. Series 2023-18A, Class D 11.01% (3 mo. USD Term SOFR + 5.750%)^(1),(5)		07/20/36		600,000		602,467
ITE Rail Fund Levered LP Series 2021-1A, Class A 2.25%⁽¹⁾		02/28/51		370,811		313,808
J.G. Wentworth XXXVIII LLC Series 2017-1A, Class A 3.99%⁽¹⁾		08/16/60		183,077		153,989
Metronet Infrastructure Issuer Series 2023, Class A2 7.95%⁽⁴⁾		04/20/53		850,000		850,000
Mosaic Solar Loan Trust Series 2021-1A, Class R 0.00%^(1),(7)		12/20/46		780,143		97,736
Mosaic Solar Loan Trust Series 2021-2A, Class R 0.00%^(1),(7)		04/22/47		1,150,000		44,753
Mosaic Solar Loan Trust Series 2021-3A, Class R 0.00%^(1),(7)		06/20/52		1,600,000		145,477
OCP CLO Ltd. Series 2021-21A, Class B 7.29% (3 mo. USD Term SOFR + 1.962%)^(1),(5)		07/20/34		400,000		394,280
OCP CLO Ltd. Series 2023-28A, Class D 10.77% (-3 mo. USD Term SOFR + 5.350%)^(1),(5)		07/16/36		700,000		712,468
Park Avenue Institutional Advisers CLO Ltd. Series 2021-1A, Class A2 7.34% (3 mo. USD Term SOFR + 2.012%)^(1),(5)		01/20/34		420,000		412,677
Progress Residential Trust Series 2021-SFR7, Class E2 2.64%⁽¹⁾		08/17/40		1,451,000		1,150,326
Progress Residential Trust Series 2021-SFR8, Class G 4.01%⁽¹⁾		10/17/38		1,450,000		1,238,984
Progress Residential Trust Series 2021-SFR9, Class E1 2.81%⁽¹⁾		11/17/40		1,707,000		1,353,699
Regatta XII Funding Ltd. Series 2019-1A, Class BR 7.17% (3 mo. USD Term SOFR + 1.862%)^(1),(5)		10/15/32		725,000		715,067

TCW Strategic Income Fund, Inc.

SCHEDULE OF INVESTMENTS September 30, 2023 (Unaudited) (Cont’d)


Issues	Maturity Date		Principal Amount		Value
Rockford Tower CLO Ltd. Series 2017-2A, Class BR 7.07% (3 mo. USD Term SOFR + 1.762%)^(1),(5)		10/15/29	$	800,000	$	791,669
Rockford Tower CLO Ltd. Series 2020-1A, Class D 9.34% (3 mo. USD Term SOFR + 4.012%)^(1),(5)		01/20/32		600,000		585,240
Santander Consumer Auto Receivables Trust Series 2021-BA, Class R 0.00%^(1),(3)		03/15/29		5,000		854,757
Santander Consumer Auto Receivables Trust Series 2021-CA, Class R 0.00%^(1),(3)		06/15/28		5,500		624,164
SLC Student Loan Trust Series 2004-1, Class B 5.68% (90 day USD SOFR Average + 0.552%)⁽⁵⁾		08/15/31		168,027		143,443
SLC Student Loan Trust Series 2006-1, Class B 5.69% (90 day USD SOFR Average + 0.472%)⁽⁵⁾		03/15/55		228,574		205,686
SLM Student Loan EDC Repackaging Trust Series 2013-M1, Class M1R 0.00%^(1),(3)		10/28/29		1,000		505,623
SLM Student Loan Trust Series 2004-2, Class B 5.79% (90 day USD SOFR Average + 0.732%)⁽⁵⁾		07/25/39		198,555		184,867
SLM Student Loan Trust Series 2005-9, Class B 5.62% (90 day USD SOFR Average + 0.562%)⁽⁵⁾		01/25/41		286,988		261,429
SLM Student Loan Trust Series 2007-6, Class B 6.17% (90 day USD SOFR Average + 1.112%)⁽⁵⁾		04/27/43		99,989		94,059
SLM Student Loan Trust Series 2007-7, Class B 6.07% (90 day USD SOFR Average + 1.012%)⁽⁵⁾		10/27/70		150,000		136,251
SLM Student Loan Trust Series 2008-2, Class B 6.52% (90 day USD SOFR Average + 1.462%)⁽⁵⁾		01/25/83		225,000		223,163
SLM Student Loan Trust Series 2008-3, Class B 6.52% (90 day USD SOFR Average + 1.462%)⁽⁵⁾		04/26/83		225,000		209,074
SLM Student Loan Trust Series 2008-4, Class B 7.17% (90 day USD SOFR Average + 2.112%)⁽⁵⁾		04/25/73		515,000		498,397
SLM Student Loan Trust Series 2008-5, Class B 7.17% (90 day USD SOFR Average + 2.112%)⁽⁵⁾		07/25/73		260,000		252,286
SLM Student Loan Trust Series 2008-6, Class B 7.17% (90 day USD SOFR Average + 2.112%)⁽⁵⁾		07/26/83		225,000		212,979
SLM Student Loan Trust Series 2008-7, Class B 7.17% (90 day USD SOFR Average + 2.112%)⁽⁵⁾		07/26/83		305,000		281,784
Stratus CLO Ltd. Series 2021-3A, Class SUB 1.00%^(1),(6)		12/29/29		750,000		528,119
Structured Receivables Finance LLC Series 2010-A, Class B 7.61%⁽¹⁾		01/16/46		459,601		460,426
Structured Receivables Finance LLC Series 2010-B, Class B 7.97%⁽¹⁾		08/15/36		304,546		306,994
Student Loan Consolidation Center Student Loan Trust I Series 2002-2, Class B2 1.65% (28 day ARS)^(1),(5)		07/01/42		1,050,000		970,277
Textainer Marine Containers VII Ltd. Series 2021-2A, Class A 2.23%⁽¹⁾		04/20/46		1,266,467		1,083,548
TIF Funding II LLC Series 2021-1A, Class A 1.65%⁽¹⁾		02/20/46		1,196,855		984,039
Tricon American Homes Trust Series 2017-SFR2, Class E 4.22%⁽¹⁾		01/17/36		1,350,000		1,337,533
Vita Scientia DAC Series 2022-1X, Class D 6.27% (3 mo. EUR EURIBOR + 2.490%)^(5),(8)		02/27/33		1,500,000		1,356,632


Total Asset-backed Securities (Cost: $42,532,448)						40,151,677

MORTGAGE-BACKED SECURITIES—57.6%
Commercial Mortgage-backed Securities—Agency—1.1%
Federal Home Loan Mortgage Corp. Multifamily PC REMIC Trust Series 2019-P002, Class X (I/O) 1.14%⁽⁶⁾		07/25/33		1,295,000		99,209
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series K039, Class X3 (I/O) 2.18%⁽⁶⁾		08/25/42		3,110,000		75,284
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series K040, Class X3 (I/O) 2.09%⁽⁶⁾		11/25/42		4,875,000		90,930
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series K049, Class X3 (I/O) 1.60%⁽⁶⁾		10/25/43		2,330,000		59,186
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series K060, Class X3 (I/O) 1.96%⁽⁶⁾		12/25/44		2,500,000		131,209
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series K726, Class X1 (I/O) 1.04%⁽⁶⁾		04/25/24		9,699,090		19,646
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series K728, Class X3 (I/O) 2.02%⁽⁶⁾		11/25/45		3,455,000		66,204
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series K732, Class X3 (I/O) 2.24%⁽⁶⁾		05/25/46		2,400,000		84,539
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series K735, Class X3 (I/O) 2.23%⁽⁶⁾		05/25/47		3,750,000		190,422
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series KC05, Class X1 (I/O) 1.37%⁽⁶⁾		06/25/27		7,332,079		184,524
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series KIR1, Class X (I/O) 1.17%⁽⁶⁾		03/25/26		8,069,604		171,143
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series KW01, Class X3 (I/O) 4.24%⁽⁶⁾		03/25/29		690,000		57,787
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series Q010, Class XPT2 (I/O) 0.36%		08/25/24		1,324,634		2,775

TCW Strategic Income Fund, Inc.

SCHEDULE OF INVESTMENTS September 30, 2023 (Unaudited) (Cont’d)


Issues	Maturity Date		Principal Amount		Value
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series Q013, Class XPT2 (I/O) 1.81%⁽⁶⁾		05/25/27	$	2,830,903	$	89,715
Federal National Mortgage Association, Pool #AN3542 3.41%		11/01/46		1,067,466		835,264
Federal National Mortgage Association-Aces Series 2016-M11, Class X2 (ACES) (I/O) 3.09%⁽⁶⁾		07/25/39		741,297		12,119
Federal National Mortgage Association-Aces Series 2019-M29, Class X4 (ACES) (I/O) 0.70%⁽⁶⁾		03/25/29		7,900,000		222,396
Government National Mortgage Association Series 2009-114, Class IO (I/O) 0.01%⁽⁶⁾		10/16/49		4,889,592		75
Government National Mortgage Association Series 2010-148, Class IO (I/O) 0.30%⁽⁶⁾		09/16/50		4,898,447		48,372
Government National Mortgage Association Series 2011-105, Class IO (I/O) 0.00%⁽⁶⁾		09/16/51		3,488,342		4
Government National Mortgage Association Series 2011-152, Class IO (I/O) 0.00%⁽⁶⁾		08/16/51		1,203,073		17
Government National Mortgage Association Series 2012-139, Class IO (I/O) 0.56%⁽⁶⁾		02/16/53		1,110,548		16,908
Government National Mortgage Association Series 2012-4, Class IO (I/O) 0.00%⁽⁶⁾		05/16/52		2,882,733		29
Government National Mortgage Association Series 2013-52, Class IO (I/O) 0.06%⁽⁶⁾		02/16/55		6,263,796		5,469
Government National Mortgage Association Series 2014-103, Class IO (I/O) 0.19%⁽⁶⁾		05/16/55		2,126,472		14,541
Government National Mortgage Association Series 2014-125, Class IO (I/O) 0.90%⁽⁶⁾		11/16/54		1,353,015		30,393


Total Commercial Mortgage-backed Securities—Agency (Cost: $6,064,934)						2,508,160

Commercial Mortgage-backed Securities—Non-Agency—6.4%
BBCMS Mortgage Trust Series 2020-BID, Class D 10.08% (1 mo. USD Term SOFR + 4.744%)^(1),(5)		10/15/37		705,000		629,647
Benchmark Mortgage Trust Series 2019-B14, Class 225D 3.40%^(1),(6)		12/15/62		535,000		29,954
Benchmark Mortgage Trust Series 2020-IG3, Class BXC 3.65%^(1),(6)		09/15/48		555,000		414,322
BXHPP Trust Series 2021-FILM, Class C 6.55% (1 mo. USD Term SOFR + 1.214%)^(1),(5)		08/15/36		430,000		387,493
BXHPP Trust Series 2021-FILM, Class D 6.95% (1 mo. USD Term SOFR + 1.614%)^(1),(5)		08/15/36		515,000		451,325
BXP Trust Series 2017-GM, Class D 3.54%^(1),(6)		06/13/39		375,000		311,122
Citigroup Commercial Mortgage Trust Series 2014-GC21, Class XD (I/O) 1.52%^(1),(6)		05/10/47		4,710,600		29,237
Citigroup Commercial Mortgage Trust Series 2015-GC35, Class XA (I/O) 0.86%⁽⁶⁾		11/10/48		6,212,813		71,080
Citigroup Commercial Mortgage Trust Series 2019-PRM, Class X (I/O) 1.33%^(1),(6)		05/10/36		14,000,000		98,343
COMM Mortgage Trust Series 2012-LC4, Class XB (I/O) 0.44%^(1),(6)		12/10/44		14,778,017		287
COMM Mortgage Trust Series 2013-CR12, Class XA (I/O) 0.99%⁽⁶⁾		10/10/46		3,087,488		152
COMM Mortgage Trust Series 2014-CR18, Class XA (I/O) 1.07%⁽⁶⁾		07/15/47		4,791,488		12,625
COMM Mortgage Trust Series 2014-CR21, Class XA (I/O) 0.98%⁽⁶⁾		12/10/47		14,901,837		99,906
COMM Mortgage Trust Series 2020-CBM, Class XCP (I/O) 0.72%^(1),(6)		02/10/37		5,644,863		35,749
COMM Mortgage Trust Series 2020-CX, Class E 2.77%^(1),(6)		11/10/46		370,000		230,698
CSMC Trust Series 2020-FACT, Class F 11.60% (1 mo. USD Term SOFR + 6.271%)^(1),(5)		10/15/37		1,017,000		869,682
Extended Stay America Trust Series 2021-ESH, Class F 9.15% (1 mo. USD Term SOFR + 3.814%)^(1),(5)		07/15/38		617,817		601,587
Frost CMBS DAC Series 2021-1A, Class EUE 7.81% (3 mo. EUR EURIBOR + 3.990%)^(1),(5)		11/20/33		744,617		678,265
Grace Trust Series 2020-GRCE, Class D 2.77%^(1),(6)		12/10/40		700,000		479,817
Grace Trust Series 2020-GRCE, Class F 2.77%^(1),(6)		12/10/40		376,000		225,493
Grace Trust Series 2020-GRCE, Class X (I/O) 0.39%^(1),(6)		12/10/40		10,620,000		186,805
GS Mortgage Securities Corporation Trust Series 2020-UPTN, Class XA (I/O) 0.45%^(1),(6)		02/10/37		3,150,000		11,979
GS Mortgage Securities Trust Series 2011-GC3, Class X (I/O) 0.00%^(1),(6)		03/10/44		532,176		5
GS Mortgage Securities Trust Series 2012-GCJ7, Class XB (I/O) 0.82%^(1),(6)		05/10/45		304,967		11
GS Mortgage Securities Trust Series 2014-GC18, Class XB (I/O) 0.35%⁽⁶⁾		01/10/47		66,563,000		21,630
GS Mortgage Securities Trust Series 2016-GS2, Class XA (I/O) 1.88%⁽⁶⁾		05/10/49		4,049,353		133,171
Hudson Yards Mortgage Trust Series 2019-55HY, Class F 3.04%^(1),(6)		12/10/41		150,000		102,762
ILPT Trust Series 2019-SURF, Class A 4.15%⁽¹⁾		02/11/41		240,000		213,661
JPMBB Commercial Mortgage Securities Trust Series 2014-C24, Class XA (I/O) 0.99%⁽⁶⁾		11/15/47		7,056,145		34,532
JPMBB Commercial Mortgage Securities Trust Series 2014-C21, Class XA (I/O) 1.09%⁽⁶⁾		08/15/47		1,472,402		4,229
JPMBB Commercial Mortgage Securities Trust Series 2014-C23, Class XA (I/O) 0.74%⁽⁶⁾		09/15/47		8,481,800		33,844
JPMBB Commercial Mortgage Securities Trust Series 2015-C29, Class XD (I/O) 0.50%^(1),(6)		05/15/48		26,458,000		190,216

TCW Strategic Income Fund, Inc.

SCHEDULE OF INVESTMENTS September 30, 2023 (Unaudited) (Cont’d)


Issues	Maturity Date		Principal Amount		Value
JPMCC Commercial Mortgage Securities Trust Series 2017-JP5, Class XA (I/O) 0.96%⁽⁶⁾		03/15/50	$	10,141,928	$	206,875
JPMorgan Chase Commercial Mortgage Securities Trust Series 2011-C3, Class XB (I/O) 0.50%^(1),(6)		02/15/46		49,783,316		138,746
JPMorgan Chase Commercial Mortgage Securities Trust Series 2013-LC11, Class XA (I/O) 1.05%⁽⁶⁾		04/15/46		1,143,021		5,316
JPMorgan Chase Commercial Mortgage Securities Trust Series 2019-OSB, Class A 3.40%⁽¹⁾		06/05/39		585,000		497,409
LMREC, Inc. Series 2019-CRE3, Class A 6.84% (1 mo. USD Term SOFR + 1.514%)^(1),(5)		12/22/35		217,018		216,706
Manhattan West Mortgage Trust Series 2020-1MW, Class A 2.13%⁽¹⁾		09/10/39		695,000		595,303
Med Trust Series 2021-MDLN, Class G 10.70% (1 mo. USD Term SOFR + 5.364%)^(1),(5)		11/15/38		666,800		630,541
MFT Mortgage Trust Series 2020-ABC, Class C 3.59%^(1),(6)		02/10/42		175,000		95,237
MFT Mortgage Trust Series 2020-ABC, Class D 3.59%^(1),(6)		02/10/42		730,000		297,713
MFT Mortgage Trust Series 2020-B6, Class C 3.39%^(1),(6)		08/10/40		220,000		137,909
Morgan Stanley Bank of America Merrill Lynch Trust Series 2015-C22, Class XA (I/O) 1.14%⁽⁶⁾		04/15/48		8,094,042		75,060
Morgan Stanley Bank of America Merrill Lynch Trust Series 2015-C24, Class XA (I/O) 0.83%⁽⁶⁾		05/15/48		8,827,529		79,783
Morgan Stanley Bank of America Merrill Lynch Trust Series 2016-C31, Class XA (I/O) 1.41%⁽⁶⁾		11/15/49		6,267,096		179,176
Natixis Commercial Mortgage Securities Trust Series 2018-TECH, Class A 8.50%^(1),(6)		11/15/34		760,000		725,062
Natixis Commercial Mortgage Securities Trust Series 2019-FAME, Class D 4.54%^(1),(6)		08/15/36		835,000		543,612
Roseville Ltd. 8.58%^(4),(6)		03/29/25		605,000		593,565
SFAVE Commercial Mortgage Securities Trust Series 2015-5AVE, Class A2A 3.66%^(1),(6)		01/05/43		805,000		548,215
SFAVE Commercial Mortgage Securities Trust Series 2015-5AVE, Class D 4.53%^(1),(6)		01/05/43		880,000		397,297
SMRT Commercial Mortgage Trust Series 2022-MINI, Class E 8.03% (1 mo. USD Term SOFR + 2.700%)^(1),(5)		01/15/39		1,005,000		950,077
Taurus U.K. DAC Series 2021-UK1X, Class E 8.87% (Sterling Overnight Index Average + 3.650%)^(5),(8)		05/17/31		665,115		773,766
UBS Commercial Mortgage Trust Series 2017-C5, Class XA (I/O) 1.21%⁽⁶⁾		11/15/50		5,668,534		174,561
VASA Trust Series 2021-VASA, Class B 6.70% (1 mo. USD Term SOFR + 1.364%)^(1),(5)		07/15/39		1,000,000		712,920
WFRBS Commercial Mortgage Trust Series 2013-C14, Class XA (I/O) 0.48%⁽⁶⁾		06/15/46		289,538		575
WFRBS Commercial Mortgage Trust Series 2014-C24, Class XA (I/O) 0.98%⁽⁶⁾		11/15/47		5,061,468		27,317

Total Commercial Mortgage-backed Securities—Non-Agency (Cost: $23,018,642)						15,192,370

Residential Mortgage-backed Securities—Agency—19.8%
Federal Home Loan Mortgage Corp. REMICS Series 1673, Class SD (I/F) (PAC) 10.23% (-10 yr. CMT + 19.391%)⁽⁵⁾		02/15/24		1,126		1,129
Federal Home Loan Mortgage Corp. REMICS Series 1760, Class ZD 3.75% (10 yr. CMT - 0.500%)⁽⁵⁾		02/15/24		2,431		2,424
Federal Home Loan Mortgage Corp. REMICS Series 3122, Class SG (I/O) (I/F) (TAC) (PAC) 0.20% (-30 day USD SOFR Average + 5.516%)⁽⁵⁾		03/15/36		1,205,710		55,580
Federal Home Loan Mortgage Corp. REMICS Series 3239, Class SI (I/O) (I/F) (PAC) 1.22% (-30 day USD SOFR Average + 6.536%)⁽⁵⁾		11/15/36		274,086		25,069
Federal Home Loan Mortgage Corp. REMICS Series 3323, Class SA (I/O) (I/F) 0.68% (-30 day USD SOFR Average + 5.996%)⁽⁵⁾		05/15/37		56,029		2,246
Federal Home Loan Mortgage Corp. REMICS Series 3459, Class JS (I/O) (I/F) 0.82% (-30 day USD SOFR Average + 6.136%)⁽⁵⁾		06/15/38		81,506		5,775
Federal Home Loan Mortgage Corp. REMICS Series 4030, Class HS (I/O) (I/F) 1.18% (-30 day USD SOFR Average + 6.496%)⁽⁵⁾		04/15/42		494,312		40,227
Federal National Mortgage Association REMICS Series 2007-42, Class SE (I/O) (I/F) 0.68% (-30 day USD SOFR Average + 5.996%)⁽⁵⁾		05/25/37		39,744		2,321
Federal National Mortgage Association REMICS Series 2007-48, Class SD (I/O) (I/F) 0.67% (-30 day USD SOFR Average + 5.986%)⁽⁵⁾		05/25/37		714,908		39,169
Federal National Mortgage Association REMICS Series 2009-69, Class CS (I/O) (I/F) 1.32% (-30 day USD SOFR Average + 6.636%)⁽⁵⁾		09/25/39		120,636		9,246
Government National Mortgage Association REMICS Series 2006-35, Class SA (I/O) (I/F) 1.16% (-1 mo. USD Term SOFR + 6.486%)⁽⁵⁾		07/20/36		793,456		54,763

TCW Strategic Income Fund, Inc.

SCHEDULE OF INVESTMENTS September 30, 2023 (Unaudited) (Cont’d)


Issues	Maturity Date		Principal Amount		Value
Government National Mortgage Association REMICS Series 2006-61, Class SA (I/O) (I/F) (TAC) 0.00% (-1 mo. USD Term SOFR + 4.636%)⁽⁵⁾		11/20/36	$	1,101,417	$	18,770
Government National Mortgage Association REMICS Series 2008-58, Class TS (I/O) (I/F) (TAC) 0.96% (-1 mo. USD Term SOFR + 6.286%)⁽⁵⁾		05/20/38		422,384		6,567
Government National Mortgage Association REMICS Series 2014-118, Class ST 0.16% (-1 mo. USD Term SOFR + 5.486%)⁽⁵⁾		08/20/44		4,210,572		276,743
Government National Mortgage Association REMICS Series 2016-153, Class IO (I/O) 3.50%		11/20/46		1,333,951		217,690
Government National Mortgage Association, TBA		04/01/53		1,275,000		1,177,931
5.00%⁽⁹⁾		05/01/53		600,000		568,594
5.50%⁽⁹⁾		05/01/53		1,850,000		1,795,367
Uniform Mortgage-Backed Security, TBA		12/01/51		9,475,000		7,205,387
2.50%⁽⁹⁾		01/01/52		10,300,000		8,172,803
3.00%⁽⁹⁾		02/01/52		2,750,000		2,274,229
3.50%⁽⁹⁾		04/01/52		2,575,000		2,214,902
4.00%⁽⁹⁾		06/01/52		5,000,000		4,451,953
4.50%⁽⁹⁾		04/01/53		3,975,000		3,649,857
5.50%⁽⁹⁾		04/01/53		2,575,000		2,488,597
5.00%⁽⁹⁾		04/01/53		12,900,000		12,168,837

Total Residential Mortgage-backed Securities—Agency (Cost: $48,643,413)						46,926,176

Residential Mortgage-backed Securities—Non-Agency—30.3%
ABFC Trust Series 2007-NC1, Class A2 5.73% (1 mo. USD Term SOFR + 0.414%)^(1),(5)		05/25/37		763,799		691,692
ACE Securities Corp. Home Equity Loan Trust Series 2004-IN1, Class A1 6.07% (1 mo. USD Term SOFR + 0.754%)⁽⁵⁾		05/25/34		323,927		287,373
ACE Securities Corp. Home Equity Loan Trust Series 2007-ASP1, Class A2C 5.95% (1 mo. USD Term SOFR + 0.634%)⁽⁵⁾		03/25/37		1,165,734		476,395
Adjustable Rate Mortgage Trust Series 2005-4, Class 6A22 4.75%^(6),(10)		08/25/35		331,124		279,295
Ajax Mortgage Loan Trust Series 2019-F, Class A2 3.50%⁽¹⁾		07/25/59		1,300,000		1,151,370
Asset-Backed Securities Corp. Home Equity Loan Trust Series 2006-HE3, Class A5 2.92% (1 mo. USD Term SOFR + 0.654%)⁽⁵⁾		03/25/36		833,098		796,670
Asset-Backed Securities Corp. Home Equity Loan Trust Series 2007-HE1, Class A1B 3.63% (1 mo. USD Term SOFR + 0.264%)⁽⁵⁾		12/25/36		280,481		265,514
Banc of America Alternative Loan Trust Series 2005-10, Class 1CB1 5.50% (1 mo. USD Term SOFR + 0.514%)^(5),(10)		11/25/35		296,214		245,429
Banc of America Funding Trust Series 2006-3, Class 4A14 6.00%⁽¹⁰⁾		03/25/36		135,638		104,901
Banc of America Funding Trust Series 2006-3, Class 5A3 5.50%⁽¹⁰⁾		03/25/36		94,936		80,525
Banc of America Funding Trust Series 2015-R4, Class 2A1 5.63% (1 mo. USD Term SOFR + 0.319%)^(1),(5)		02/25/37		273,913		267,250
BCMSC Trust Series 2000-A, Class A4 8.29%⁽⁶⁾		06/15/30		3,316,690		448,067
Bear Stearns ALT-A Trust Series 2005-3, Class 4A3 4.14%⁽⁶⁾		04/25/35		184,260		179,197
Bear Stearns ARM Trust Series 2003-7, Class 9A 4.51%⁽⁶⁾		10/25/33		189,126		170,875
Bear Stearns ARM Trust Series 2005-9, Class A1 7.67% (1 yr. CMT + 2.300%)⁽⁵⁾		10/25/35		99,768		93,065
Bear Stearns ARM Trust Series 2007-4, Class 22A1 4.07%^(6),(10)		06/25/47		522,646		465,738
Bear Stearns Asset-Backed Securities I Trust Series 2005-AC6, Class 1A3 5.50%⁽⁶⁾		09/25/35		265,402		245,995
Bear Stearns Asset-Backed Securities I Trust Series 2006-IM1, Class A1 5.89% (1 mo. USD Term SOFR + 0.574%)⁽⁵⁾		04/25/36		75,147		77,483
Bear Stearns Mortgage Funding Trust Series 2007-AR3, Class 1X (I/O) 0.50%⁽⁴⁾		03/25/37		25,123,144		499,052
C-BASS Mortgage Loan Trust Series 2007-CB2, Class A2B 3.54%⁽¹⁰⁾		02/25/37		783,196		477,070
C-BASS Mortgage Loan Trust Series 2007-CB2, Class A2C 3.54%⁽¹⁰⁾		02/25/37		769,054		459,586
C-BASS Mortgage Loan Trust Series 2007-CB3, Class A3 3.32%		03/25/37		1,139,605		420,066
Carrington Mortgage Loan Trust Series 2006-NC4, Class A4 5.67% (1 mo. USD Term SOFR + 0.354%)⁽⁵⁾		10/25/36		1,250,000		1,032,551
Carrington Mortgage Loan Trust Series 2007-RFC1, Class A3 5.57% (1 mo. USD Term SOFR + 0.254%)⁽⁵⁾		12/25/36		1,005,994		961,980
CHL Mortgage Pass-Through Trust Series 2004-HYB4, Class B1 5.11%⁽⁶⁾		09/20/34		460,724		215,484
CHL Mortgage Pass-Through Trust Series 2006-14, Class X (I/O) 0.13%^(4),(6)		09/25/36		7,961,497		33,305
CHL Mortgage Pass-Through Trust Series 2006-HYB2, Class 1A1 4.26%⁽⁶⁾		04/20/36		691,136		480,450
CHNGE Mortgage Trust Series 2023-1, Class M1 8.38%^(1),(6)		03/25/58		460,000		450,745
CIM Trust Series 2019-R1, Class A 3.25%^(1),(6)		10/25/58		673,004		578,180
CIM Trust Series 2021-NR1, Class A1 2.57%⁽¹⁾		07/25/55		745,768		726,777

TCW Strategic Income Fund, Inc.

SCHEDULE OF INVESTMENTS September 30, 2023 (Unaudited) (Cont’d)


Issues	Maturity Date		Principal Amount		Value
CIM Trust Series 2021-NR2, Class A1 2.57%⁽¹⁾		07/25/59	$	894,882	$	864,136
CIM Trust Series 2021-NR3, Class A1 2.57%⁽¹⁾		06/25/57		244,198		232,314
CIM Trust Series 2021-NR4, Class A1 2.82%⁽¹⁾		10/25/61		997,464		927,220
CIM Trust Series 2021-R3, Class A1A 1.95%^(1),(6)		06/25/57		761,027		653,507
CIM Trust Series 2021-R4, Class A1A 2.00%^(1),(6)		05/01/61		788,416		670,692
CIM Trust Series 2021-R5, Class A1B 2.00%^(1),(6)		08/25/61		1,096,000		601,284
CIM Trust Series 2022-NR1, Class A1 5.00%^(1),(10)		07/25/62		332,224		309,403
CIM Trust Series 2023-NR1, Class A1 6.00%⁽¹⁾		06/25/62		1,128,151		1,086,053
CIM Trust Series 2023-NR2, Class A1 6.00%⁽¹⁾		06/25/62		1,183,953		1,119,617
Citigroup Mortgage Loan Trust, Inc. Series 2005-11, Class A2A 7.78% (1 yr. CMT + 2.400%)⁽⁵⁾		10/25/35		168,284		165,214
Citigroup Mortgage Loan Trust, Inc. Series 2005-8, Class 1A1A 5.25%^(6),(10)		10/25/35		368,700		302,061
Citigroup Mortgage Loan Trust, Inc. Series 2014-10, Class 2A2 4.69% (1 mo. USD LIBOR + 0.250%)^(1),(5)		07/25/37		70,458		71,113
CitiMortgage Alternative Loan Trust Series 2006-A3, Class 1A7 6.00%⁽¹⁰⁾		07/25/36		587,999		500,656
CitiMortgage Alternative Loan Trust Series 2006-A5, Class 1A8 6.00%⁽¹⁰⁾		10/25/36		499,850		432,298
Conseco Finance Securitizations Corp. Series 1999-6, Class A1 7.36%^(1),(6)		06/01/30		1,243,980		427,790
Countrywide Alternative Loan Trust Series 2005-46CB, Class A20 (TAC) 5.50%⁽¹⁰⁾		10/25/35		528,505		367,328
Countrywide Alternative Loan Trust Series 2006-8T1, Class 1A2 (I/O) 0.07% (-1 mo. USD Term SOFR + 5.386%)^(4),(5)		04/25/36		4,662,352		277,958
Countrywide Asset-Backed Certificates Trust Series 2007-13, Class 2A1 6.33% (1 mo. USD Term SOFR + 1.014%)⁽⁵⁾		10/25/47		407,895		363,587
Credit Suisse First Boston Mortgage Securities Corp. Series 2005-12, Class 1A1 6.50%		01/25/36		947,833		223,855
Credit-Based Asset Servicing & Securitization LLC Series 2003-CB3, Class AF1 3.38%		12/25/32		294,382		272,259
Credit-Based Asset Servicing & Securitization LLC Series 2006-CB2, Class AF2 3.05%		12/25/36		1,830,454		1,448,337
Deutsche Alt-A Securities Mortgage Loan Trust Series 2006-AR6, Class A6 5.81% (1 mo. USD Term SOFR + 0.494%)⁽⁵⁾		02/25/37		289,877		245,958
Deutsche Alt-B Securities, Inc. Mortgage Loan Trust Series 2006-AB2, Class A2 4.81%^(6),(10)		06/25/36		901,236		761,785
DSLA Mortgage Loan Trust Series 2006-AR2, Class 2A1A 5.64% (1 mo. USD Term SOFR + 0.314%)⁽⁵⁾		10/19/36		337,231		229,110
Federal Home Loan Mortgage Corp. STACR REMIC Trust Series 2021-DNA1, Class B2 10.07% (30 day USD SOFR Average + 4.750%)^(1),(5)		01/25/51		1,175,000		1,153,103
Federal Home Loan Mortgage Corp. STACR REMIC Trust Series 2021-DNA5, Class B1 8.37% (30 day USD SOFR Average + 3.050%)^(1),(5)		01/25/34		800,000		804,003
Federal Home Loan Mortgage Corp. STACR REMIC Trust Series 2021-DNA5, Class B2 10.82% (30 day USD SOFR Average + 5.500%)^(1),(5)		01/25/34		875,000		851,015
Federal Home Loan Mortgage Corp. STACR REMIC Trust Series 2021-DNA6, Class B1 8.72% (30 day USD SOFR Average + 3.400%)^(1),(5)		10/25/41		650,000		651,292
Federal Home Loan Mortgage Corp. STACR REMIC Trust Series 2021-HQA2, Class M2 7.37% (30 day USD SOFR Average + 2.050%)^(1),(5)		12/25/33		900,000		878,013
Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes Series 2021-DNA2, Class B2 11.32% (30 day USD SOFR Average + 6.000%)^(1),(5)		08/25/33		825,000		853,142
Federal National Mortgage Association Connecticut Avenue Securities Series 2019-R06, Class 2B1 9.18% (30 day USD SOFR Average + 3.864%)^(1),(5)		09/25/39		699,248		711,753
Federal National Mortgage Association Connecticut Avenue Securities Series 2019-R07, Class 1B1 8.83% (30 day USD SOFR Average + 3.514%)^(1),(5)		10/25/39		1,000,000		1,009,951
Federal National Mortgage Association Connecticut Avenue Securities Series 2021-R02, Class 2B1 8.62% (30 day USD SOFR Average + 3.300%)^(1),(5)		11/25/41		800,000		795,571
Federal National Mortgage Association Connecticut Avenue Securities Series 2021-R03, Class 1B2 10.82% (30 day USD SOFR Average + 5.500%)^(1),(5)		12/25/41		1,000,000		983,090
Federal National Mortgage Association Connecticut Avenue Securities Series 2022-R04, Class 1M2 8.42% (30 day USD SOFR Average + 3.100%)^(1),(5)		03/25/42		850,000		865,730

TCW Strategic Income Fund, Inc.

SCHEDULE OF INVESTMENTS September 30, 2023 (Unaudited) (Cont’d)


Issues	Maturity Date		Principal Amount		Value
First Franklin Mortgage Loan Trust Series 2006-FF13, Class A2C 5.75% (1 mo. USD Term SOFR + 0.434%)⁽⁵⁾		10/25/36	$	587,021	$	379,423
First Horizon Alternative Mortgage Securities Trust Series 2005-AA10, Class 2A1 5.53%^(6),(10)		12/25/35		164,924		132,692
Greenpoint Manufactured Housing Series 2000-1, Class A4 8.14%⁽⁶⁾		03/20/30		432,925		307,967
GSAA Home Equity Trust Series 2006-13, Class AF6 6.54%		07/25/36		1,133,188		339,475
GSAMP Trust Series 2007-NC1, Class A2C 5.58% (1 mo. USD Term SOFR + 0.264%)⁽⁵⁾		12/25/46		2,286,776		1,003,936
GSC Capital Corp. Mortgage Trust Series 2006-2, Class A1 5.79% (1 mo. USD Term SOFR + 0.474%)⁽⁵⁾		05/25/36		181,293		168,454
GSR Mortgage Loan Trust Series 2005-AR3, Class 6A1 3.89%⁽⁶⁾		05/25/35		132,938		101,138
HSI Asset Loan Obligation Trust Series 2007-2, Class 2A12 6.00%		09/25/37		327,394		245,362
IndyMac INDX Mortgage Loan Trust Series 2004-AR6, Class 5A1 4.84%⁽⁶⁾		10/25/34		259,804		245,542
IndyMac INDX Mortgage Loan Trust Series 2005-AR19, Class A1 3.50%⁽⁶⁾		10/25/35		380,505		304,299
IndyMac INDX Mortgage Loan Trust Series 2006-AR13, Class A4X (I/O) 0.00%^(4),(6)		07/25/36		225,179		2
IndyMac INDX Mortgage Loan Trust Series 2006-AR9, Class 1A1 3.73%⁽⁶⁾		06/25/36		433,168		265,099
IndyMac INDX Mortgage Loan Trust Series 2007-AR5, Class 2A1 3.33%⁽⁶⁾		05/25/37		638,397		496,334
IndyMac INDX Mortgage Loan Trust Series 2007-FLX2, Class A1C 5.62% (1 mo. USD Term SOFR + 0.304%)⁽⁵⁾		04/25/37		1,411,648		1,261,494
JPMorgan Alternative Loan Trust Series 2006-A2, Class 5A1 4.04%^(6),(10)		05/25/36		340,402		194,514
JPMorgan Mortgage Acquisition Trust Series 2006-WF1, Class A5 6.91%		07/25/36		1,896,641		509,021
JPMorgan Mortgage Trust Series 2004-A6, Class 5A1 3.89%⁽⁶⁾		12/25/34		168,144		161,884
JPMorgan Mortgage Trust Series 2007-S2, Class 1A1 5.00%		06/25/37		147,083		51,898
JPMorgan Resecuritization Trust Series 2015-4, Class 2A2 13.72%^(1),(6)		06/26/47		3,041,672		1,337,728
Lehman Mortgage Trust Series 2006-7, Class 2A5 (I/O) (I/F) 1.12% (-1 mo. USD Term SOFR + 6.436%)^(4),(5)		11/25/36		2,888,510		256,011
Lehman XS Trust Series 2006-10N, Class 1A3A 5.85% (1 mo. USD Term SOFR + 0.534%)⁽⁵⁾		07/25/46		392,608		351,800
Lehman XS Trust Series 2006-12N, Class A31A 5.83% (1 mo. USD Term SOFR + 0.514%)⁽⁵⁾		08/25/46		500,185		485,313
Long Beach Mortgage Loan Trust Series 2004-4, Class M1 6.33% (1 mo. USD Term SOFR + 1.014%)⁽⁵⁾		10/25/34		369,141		351,566
MASTR Alternative Loan Trust Series 2006-2, Class 2A2 (I/O) (I/F) 1.67% (-1 mo. USD Term SOFR + 6.986%)^(4),(5)		03/25/36		5,890,111		304,314
MASTR Alternative Loan Trust Series 2007-HF1, Class 4A1 7.00%		10/25/47		1,060,738		489,139
MASTR Asset-Backed Securities Trust Series 2007-HE1, Class A4 5.71% (1 mo. USD Term SOFR + 0.394%)⁽⁵⁾		05/25/37		2,000,000		1,532,023
Merrill Lynch Alternative Note Asset Trust Series 2007-OAR2, Class A2 5.85% (1 mo. USD Term SOFR + 0.534%)⁽⁵⁾		04/25/37		583,865		454,527
Merrill Lynch First Franklin Mortgage Loan Trust Series 2007-3, Class A2B 5.69% (1 mo. USD Term SOFR + 0.374%)⁽⁵⁾		06/25/37		450,632		415,965
Merrill Lynch First Franklin Mortgage Loan Trust Series 2007-3, Class A2C 5.79% (1 mo. USD Term SOFR + 0.474%)⁽⁵⁾		06/25/37		920,181		849,724
Merrill Lynch Mortgage Investors Trust Series 2006-RM2, Class A1A 5.80% (1 mo. USD Term SOFR + 0.484%)⁽⁵⁾		05/25/37		3,910,810		1,018,131
Merrill Lynch Mortgage-Backed Securities Trust Series 2007-2, Class 1A1 7.79% (1 yr. CMT + 2.400%)^(5),(10)		08/25/36		100,965		87,933
Morgan Stanley Mortgage Loan Trust Series 2007-15AR, Class 4A1 3.51%⁽⁶⁾		11/25/37		233,499		208,942
New Residential Mortgage Loan Trust Series 2022-NQM2, Class A2 3.70%^(1),(6)		03/27/62		930,000		669,827
Nomura Asset Acceptance Corp. Alternative Loan Trust Series 2006-AR1, Class 1A 4.24%⁽⁶⁾		02/25/36		115,813		79,361
Oakwood Mortgage Investors, Inc. Series 1999-E, Class A1 7.61%⁽⁶⁾		03/15/30		550,090		319,425
Oakwood Mortgage Investors, Inc. Series 2000-A, Class A4 8.15%⁽⁶⁾		09/15/29		1,717,630		391,559
Oakwood Mortgage Investors, Inc. Series 2000-D, Class A4 7.40%⁽⁶⁾		07/15/30		681,680		148,945
Oakwood Mortgage Investors, Inc. Series 2001-C, Class A3 6.61%⁽⁶⁾		06/15/31		1,671,028		183,737
Oakwood Mortgage Investors, Inc. Series 2001-D, Class A3 5.90%^{(6),(11),(12)}		09/15/22		548,515		264,212
Oakwood Mortgage Investors, Inc. Series 2002-A, Class A3 6.03%⁽⁶⁾		05/15/24		1,850		1,846

TCW Strategic Income Fund, Inc.

SCHEDULE OF INVESTMENTS September 30, 2023 (Unaudited) (Cont’d)


Issues	Maturity Date		Principal Amount		Value
Preston Ridge Partners Mortgage LLC Series 2021-10, Class A1 2.49%⁽¹⁾		10/25/26	$	851,640	$	793,857
Preston Ridge Partners Mortgage LLC Series 2021-11, Class A1 2.49%⁽¹⁾		11/25/26		373,948		354,977
Preston Ridge Partners Mortgage LLC Series 2021-4, Class A1 1.87%⁽¹⁾		04/25/26		1,187,701		1,097,299
Preston Ridge Partners Mortgage LLC Series 2021-8, Class A1 1.74%^(1),(6)		09/25/26		650,725		599,816
Preston Ridge Partners Mortgage LLC Series 2022-1, Class A2 6.29%⁽¹⁾		02/25/27		1,000,000		954,236
PRET LLC Series 2022-RN2, Class A2 6.50%⁽¹⁾		06/25/52		1,255,000		1,185,661
Pretium Mortgage Credit Partners LLC Series 2022-RN3, Class A2 6.50%^(1),(6)		08/25/52		1,125,000		1,057,847
PRPM LLC Series 2022-3, Class A1 5.56%⁽¹⁾		06/25/27		1,243,226		1,219,946
PRPM LLC Series 2022-4, Class A2 5.00%⁽¹⁾		08/25/27		1,080,000		991,516
Residential Accredit Loans, Inc. Trust Series 2005-QA7, Class A1 4.40%^(6),(10)		07/25/35		608,852		454,552
Residential Accredit Loans, Inc. Trust Series 2005-QA8, Class CB21 4.94%^(6),(10)		07/25/35		316,439		177,867
Residential Accredit Loans, Inc. Trust Series 2006-QA10, Class A2 5.79% (1 mo. USD Term SOFR + 0.474%)⁽⁵⁾		12/25/36		372,784		314,886
Residential Accredit Loans, Inc. Trust Series 2006-QS1, Class A3 (PAC) 5.75%⁽¹⁰⁾		01/25/36		222,342		170,286
Residential Accredit Loans, Inc. Trust Series 2006-QS13, Class 1A2 (I/O) (I/F) 1.73% (-1 mo. USD Term SOFR + 7.046%)^(4),(5)		09/25/36		2,043,958		148,708
Residential Accredit Loans, Inc. Trust Series 2006-QS6, Class 1AV (I/O) 0.77%^(4),(6)		06/25/36		2,647,418		55,440
Residential Accredit Loans, Inc. Trust Series 2006-QS7, Class A2 6.00%⁽¹⁰⁾		06/25/36		285,640		219,179
Residential Accredit Loans, Inc. Trust Series 2006-QS8, Class A3 6.00%⁽¹⁰⁾		08/25/36		502,468		398,014
Residential Accredit Loans, Inc. Trust Series 2007-QS2, Class AV (I/O) 0.05%^(4),(6)		01/25/37		6,092,557		61,428
Residential Accredit Loans, Inc. Trust Series 2007-QS3, Class AV (I/O) 0.36%^(4),(6)		02/25/37		7,133,781		80,134
Residential Accredit Loans, Inc. Trust Series 2007-QS6, Class A62 (TAC) 5.50%⁽¹⁰⁾		04/25/37		155,196		116,572
Residential Asset Securitization Trust Series 2005-A15, Class 4A1 6.00%		02/25/36		929,995		302,111
Residential Asset Securitization Trust Series 2007-A5, Class AX (I/O) 6.00%⁽⁴⁾		05/25/37		1,243,568		207,963
RFMSI Trust Series 2006-S9, Class AV (I/O) 0.35%^(4),(6)		09/25/36		16,267,310		172,502
Saxon Asset Securities Trust Series 2007-3, Class 2A4 5.92% (1 mo. USD Term SOFR + 0.604%)⁽⁵⁾		09/25/47		2,926,000		2,297,005
Securitized Asset-Backed Receivables LLC Trust Series 2006-CB1, Class AF2 2.85%		01/25/36		956,798		768,835
Securitized Asset-Backed Receivables LLC Trust Series 2007-NC2, Class A2C 5.87% (1 mo. USD Term SOFR + 0.554%)⁽⁵⁾		01/25/37		4,614,000		3,247,675
Structured Adjustable Rate Mortgage Loan Trust Series 2005-20, Class 1A1 6.23%^(6),(10)		10/25/35		86,422		81,386
Structured Adjustable Rate Mortgage Loan Trust Series 2007-9, Class 2A1 4.25%^(6),(10)		10/25/47		229,266		141,425
Structured Asset Mortgage Investments II Trust Series 2006-AR4, Class 5A1 5.79% (1 mo. USD Term SOFR + 0.474%)⁽⁵⁾		06/25/36		648,442		513,226
VOLT CIII LLC Series 2021-CF1, Class A1 1.99%⁽¹⁾		08/25/51		726,501		676,535
VOLT XCIX LLC Series 2021-NPL8, Class A1 2.12%⁽¹⁾		04/25/51		1,179,498		1,102,887
WaMu Asset-Backed Certificates WaMu Trust Series 2007-HE1, Class 2A3 5.58% (1 mo. USD Term SOFR + 0.264%)⁽⁵⁾		01/25/37		1,545,657		708,079
Wells Fargo Alternative Loan Trust Series 2007-PA2, Class 2A2 (I/O) (I/F) 0.64% (-1 mo. USD Term SOFR + 5.956%)^(4),(5)		06/25/37		1,334,943		70,354
Wells Fargo Mortgage-Backed Securities Trust Series 2007-AR3, Class A4 4.62%^(6),(10)		04/25/37		97,957		84,659


Total Residential Mortgage-backed Securities—Non-Agency (Cost: $75,290,566)						71,969,703


Total Mortgage-backed Securities (Cost: $153,017,555)						136,596,409


CORPORATE BONDS—31.2%

Aerospace & Defense—0.4%
Boeing Co. 1.43%		02/04/24		675,000		664,551
TransDigm, Inc. 6.75%⁽¹⁾		08/15/28		350,000		345,181

						1,009,732


Agriculture—0.6%
BAT Capital Corp. (United Kingdom)
4.54%		08/15/47		135,000		93,028
5.65%		03/16/52		175,000		140,224
Imperial Brands Finance Netherlands BV (United Kingdom) 1.75%⁽⁸⁾		03/18/33		100,000		76,190

TCW Strategic Income Fund, Inc.

SCHEDULE OF INVESTMENTS September 30, 2023 (Unaudited) (Cont’d)


Issues	Maturity Date		Principal Amount		Value
Imperial Brands Finance PLC (United Kingdom)
3.13%⁽¹⁾		07/26/24	$	270,000	$	263,412
6.13%⁽¹⁾		07/27/27		125,000		124,505
Reynolds American, Inc. (United Kingdom) 5.85%		08/15/45		975,000		807,612

						1,504,971


Airlines—0.3%
JetBlue Pass-Through Trust Series 2020-1, Class A 4.00%		05/15/34		669,126		602,193

Banks—9.0%
Bank of America Corp.
0.98% (Secured Overnight Financing Rate + 0.910%)⁽⁵⁾		09/25/25		395,000		374,334
1.66% (Secured Overnight Financing Rate + 0.910%)⁽⁵⁾		03/11/27		780,000		699,842
1.92% (Secured Overnight Financing Rate + 1.370%)⁽⁵⁾		10/24/31		305,000		230,333
2.30% (Secured Overnight Financing Rate + 1.220%)⁽⁵⁾		07/21/32		655,000		497,079
2.55% (Secured Overnight Financing Rate + 1.050%)⁽⁵⁾		02/04/28		120,000		106,997
2.88% (3 mo. USD Term SOFR + 1.452%)⁽⁵⁾		10/22/30		500,000		417,094
3.42% (3 mo. USD Term SOFR + 1.302%)⁽⁵⁾		12/20/28		395,000		354,370
4.38% (5 yr. CMT + 2.760%)^(5),(13)		01/27/27		140,000		118,202
Citigroup, Inc.
2.52% (Secured Overnight Financing Rate + 1.177%)⁽⁵⁾		11/03/32		1,405,000		1,073,809
2.57% (Secured Overnight Financing Rate + 2.107%)⁽⁵⁾		06/03/31		505,000		402,892
2.98% (Secured Overnight Financing Rate + 1.422%)⁽⁵⁾		11/05/30		145,000		121,284
Comerica, Inc. 5.63% (5 yr. CMT + 5.291%)^(5),(13)		07/01/25		395,000		362,916
Goldman Sachs Group, Inc.
0.93% (Secured Overnight Financing Rate + 0.486%)⁽⁵⁾		10/21/24		285,000		282,753
1.22%		12/06/23		615,000		609,969
1.54% (Secured Overnight Financing Rate + 0.818%)⁽⁵⁾		09/10/27		1,350,000		1,182,384
2.38% (Secured Overnight Financing Rate + 1.248%)⁽⁵⁾		07/21/32		145,000		110,481
2.65% (Secured Overnight Financing Rate + 1.264%)⁽⁵⁾		10/21/32		280,000		216,248
HSBC Holdings PLC (United Kingdom)
1.59% (Secured Overnight Financing Rate + 1.290%)⁽⁵⁾		05/24/27		285,000		251,397
2.10% (Secured Overnight Financing Rate + 1.929%)⁽⁵⁾		06/04/26		430,000		400,916
2.21% (Secured Overnight Financing Rate + 1.285%)⁽⁵⁾		08/17/29		985,000		813,157
2.36% (Secured Overnight Financing Rate + 1.947%)⁽⁵⁾		08/18/31		255,000		196,215
6.33% (Secured Overnight Financing Rate + 2.650%)⁽⁵⁾		03/09/44		75,000		72,065
JPMorgan Chase & Co.
1.04% (3 mo. USD Term SOFR + 0.695%)⁽⁵⁾		02/04/27		1,000,000		889,930
1.58% (Secured Overnight Financing Rate + 0.885%)⁽⁵⁾		04/22/27		425,000		379,308
2.07% (Secured Overnight Financing Rate + 1.015%)⁽⁵⁾		06/01/29		285,000		240,424
2.55% (Secured Overnight Financing Rate + 1.180%)⁽⁵⁾		11/08/32		365,000		283,003
2.58% (3 mo. USD Term SOFR + 1.250%)⁽⁵⁾		04/22/32		355,000		280,358
Lloyds Banking Group PLC (United Kingdom)
3.57% (3 mo. USD LIBOR + 1.205%)⁽⁵⁾		11/07/28		200,000		178,774
4.98% (1 yr. CMT + 2.300%)⁽⁵⁾		08/11/33		300,000		267,214
Macquarie Group Ltd. (Australia)
2.69% (Secured Overnight Financing Rate + 1.440%)^(1),(5)		06/23/32		160,000		122,306
2.87% (Secured Overnight Financing Rate + 1.532%)^(1),(5)		01/14/33		465,000		351,860
5.03% (3 mo. USD LIBOR + 1.750%)^(1),(5)		01/15/30		215,000		204,882
Morgan Stanley
0.79% (Secured Overnight Financing Rate + 0.525%)⁽⁵⁾		05/30/25		920,000		883,885
1.93% (Secured Overnight Financing Rate + 1.020%)⁽⁵⁾		04/28/32		400,000		297,926
2.24% (Secured Overnight Financing Rate + 1.178%)⁽⁵⁾		07/21/32		10,000		7,543
2.48% (Secured Overnight Financing Rate + 1.360%)⁽⁵⁾		09/16/36		190,000		138,890
2.70% (Secured Overnight Financing Rate + 1.143%)⁽⁵⁾		01/22/31		450,000		367,844
NatWest Group PLC (United Kingdom) 4.27% (3 mo. USD LIBOR + 1.762%)⁽⁵⁾		03/22/25		140,000		138,531
PNC Financial Services Group, Inc. 5.07% (Secured Overnight Financing Rate + 1.933%)⁽⁵⁾		01/24/34		245,000		222,220
Santander U.K. Group Holdings PLC (United Kingdom)
1.09% (Secured Overnight Financing Rate + 0.787%)⁽⁵⁾		03/15/25		1,095,000		1,064,855
1.67% (Secured Overnight Financing Rate + 0.989%)⁽⁵⁾		06/14/27		55,000		48,160

TCW Strategic Income Fund, Inc.

SCHEDULE OF INVESTMENTS September 30, 2023 (Unaudited) (Cont’d)


Issues	Maturity Date		Principal Amount		Value
U.S. Bancorp
3.70% (5 yr. CMT + 2.541%)^(5),(13)		01/15/27	$	130,000	$	95,597
4.84% (Secured Overnight Financing Rate + 1.600%)⁽⁵⁾		02/01/34		565,000		498,799
5.84% (Secured Overnight Financing Rate + 2.260%)⁽⁵⁾		06/12/34		140,000		131,981
5.85% (Secured Overnight Financing Rate + 2.090%)⁽⁵⁾		10/21/33		115,000		109,017
UBS Group AG (Switzerland)
1.31% (Secured Overnight Financing Rate Index + 0.980%)^(1),(5)		02/02/27		190,000		168,432
2.59% (Secured Overnight Financing Rate + 1.560%)^(1),(5)		09/11/25		95,000		91,443
3.09% (Secured Overnight Financing Rate + 1.730%)^(1),(5)		05/14/32		500,000		396,550
4.19% (Secured Overnight Financing Rate + 3.730%)^(1),(5)		04/01/31		2,660,000		2,324,046
Wells Fargo & Co.
2.39% (Secured Overnight Financing Rate + 2.100%)⁽⁵⁾		06/02/28		1,090,000		956,249
3.35% (Secured Overnight Financing Rate + 1.500%)⁽⁵⁾		03/02/33		1,320,000		1,066,613
4.90% (Secured Overnight Financing Rate + 2.100%)⁽⁵⁾		07/25/33		200,000		181,087

						21,282,464


Beverages—0.2%
Bacardi Ltd. 5.30%⁽¹⁾		05/15/48		205,000		177,070
Triton Water Holdings, Inc. 6.25%⁽¹⁾		04/01/29		350,000		287,875

						464,945


Biotechnology—0.1%
Amgen, Inc.
5.60%		03/02/43		245,000		228,240
5.65%		03/02/53		60,000		56,164

						284,404


Chemicals—0.6%
ASP Unifrax Holdings, Inc. 5.25%⁽¹⁾		09/30/28		280,000		199,895
Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B BV 4.75%⁽¹⁾		06/15/27		135,000		125,719
International Flavors & Fragrances, Inc.
2.30%⁽¹⁾		11/01/30		725,000		545,996
3.27%⁽¹⁾		11/15/40		15,000		9,415
3.47%⁽¹⁾		12/01/50		40,000		23,329
4.38%		06/01/47		60,000		40,336
5.00%		09/26/48		10,000		7,473
SK Invictus Intermediate II Sarl 5.00%⁽¹⁾		10/30/29		285,000		228,738
Valvoline, Inc. 3.63%⁽¹⁾		06/15/31		150,000		116,366

						1,297,267


Commercial Services—0.7%
Adtalem Global Education, Inc. 5.50%⁽¹⁾		03/01/28		266,000		245,196
Global Payments, Inc.
4.88%		03/17/31		100,000		103,342
5.40%		08/15/32		105,000		98,435
5.95%		08/15/52		179,000		160,457
Hertz Corp.
4.63%⁽¹⁾		12/01/26		25,000		22,281
5.00%⁽¹⁾		12/01/29		405,000		318,938
Upbound Group, Inc. 6.38%⁽¹⁾		02/15/29		270,000		241,988
VT Topco, Inc. 8.50%⁽¹⁾		08/15/30		120,000		118,942
WASH Multifamily Acquisition, Inc. 5.75%⁽¹⁾		04/15/26		260,000		242,949

						1,552,528


Computers—0.1%
NCR Corp.
5.13%⁽¹⁾		04/15/29		315,000		277,981
5.25%⁽¹⁾		10/01/30		80,000		69,022

						347,003


Cosmetics/Personal Care—0.1%
Edgewell Personal Care Co. 5.50%⁽¹⁾		06/01/28		133,000		123,856


Diversified Financial Services—1.1%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland)
3.30%		01/30/32		590,000		469,941
3.88%		01/23/28		130,000		118,068
Air Lease Corp. 3.63%		12/01/27		120,000		108,799
American Express Co. 3.55% (5 yr. CMT + 2.854%)^(5),(13)		09/15/26		145,000		115,926
Avolon Holdings Funding Ltd. (Ireland)
2.53%⁽¹⁾		11/18/27		406,000		343,032
2.88%⁽¹⁾		02/15/25		305,000		287,892
3.95%⁽¹⁾		07/01/24		85,000		83,269
Capital One Financial Corp. 3.27% (Secured Overnight Financing Rate + 1.790%)⁽⁵⁾		03/01/30		375,000		313,909
Charles Schwab Corp. 5.00% (5 yr. CMT + 3.256%)^(5),(13)		06/01/27		135,000		113,160
GGAM Finance Ltd. (Ireland) 8.00%⁽¹⁾		06/15/28		242,000		241,497
Jane Street Group/JSG Finance, Inc. 4.50%⁽¹⁾		11/15/29		435,000		373,695
Park Aerospace Holdings Ltd. (Ireland) 5.50%⁽¹⁾		02/15/24		132,000		131,365

						2,700,553

TCW Strategic Income Fund, Inc.

SCHEDULE OF INVESTMENTS September 30, 2023 (Unaudited) (Cont’d)


Issues	Maturity Date		Principal Amount		Value
Electric—1.1%
Alliant Energy Finance LLC 3.60%⁽¹⁾		03/01/32	$	535,000	$	443,799
Arizona Public Service Co. 3.35%		05/15/50		1,000,000		629,270
Duke Energy Corp. 3.85%		06/15/34		330,000		311,353
FirstEnergy Corp. 3.40%		03/01/50		450,000		280,219
FirstEnergy Transmission LLC 4.35%⁽¹⁾		01/15/25		300,000		293,205
Pike Corp. 5.50%⁽¹⁾		09/01/28		225,000		197,071
TenneT Holding BV (Netherlands)
2.75%⁽⁸⁾		05/17/42		115,000		104,141
4.50%⁽⁸⁾		10/28/34		200,000		223,383
4.75%⁽⁸⁾		10/28/42		110,000		123,769

						2,606,210

Engineering & Construction—0.1%
Artera Services LLC 9.03%⁽¹⁾		12/04/25		254,000		234,734
Cellnex Finance Co. SA (Spain) 2.00%⁽⁸⁾		09/15/32		100,000		82,751

						317,485

Entertainment—0.7%
Banijay Entertainment SASU (France) 8.13%⁽¹⁾		05/01/29		200,000		198,645
Everi Holdings, Inc. 5.00%⁽¹⁾		07/15/29		275,000		237,017
Ontario Gaming GTA LP (Canada) 8.00%⁽¹⁾		08/01/30		125,000		124,683
Penn Entertainment, Inc. 5.63%⁽¹⁾		01/15/27		165,000		155,346
WarnerMedia Holdings, Inc.
4.28%		03/15/32		5,000		4,245
5.05%		03/15/42		630,000		487,872
5.14%		03/15/52		756,000		561,700

						1,769,508

Environmental Control—0.2%
Waste Pro USA, Inc. 5.50%⁽¹⁾		02/15/26		425,000		397,314

Food—1.0%
B&G Foods, Inc. 5.25%		04/01/25		120,000		118,350
H-Food Holdings LLC/Hearthside Finance Co., Inc. 8.50%⁽¹⁾		06/01/26		244,000		61,292
JBS USA LUX SA/JBS USA Food Co./JBS Luxembourg Sarl 6.75%⁽¹⁾		03/15/34		125,000		121,695
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc.
3.75%		12/01/31		650,000		521,293
5.50%		01/15/30		25,000		23,360
6.50%		12/01/52		180,000		161,282
Kraft Heinz Foods Co. 6.38%		07/15/28		210,000		216,882
Pilgrim’s Pride Corp.
4.25%		04/15/31		285,000		238,098
5.88%⁽¹⁾		09/30/27		250,000		253,907
6.88%		05/15/34		250,000		245,565
Post Holdings, Inc. 4.63%⁽¹⁾		04/15/30		270,000		231,538
Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed 4.63%⁽¹⁾		03/01/29		300,000		246,390

						2,439,652

Gas—0.3%
National Gas Transmission PLC (United Kingdom) 4.25%⁽⁸⁾		04/05/30		100,000		104,211
Southern Co. Gas Capital Corp. 3.88%		11/15/25		640,000		616,563

						720,774

Health Care-Products—0.3%
Bausch & Lomb Escrow Corp. 8.38%⁽¹⁾		10/01/28		240,000		240,667
DENTSPLY SIRONA, Inc. 3.25%		06/01/30		295,000		247,081
Embecta Corp. 5.00%⁽¹⁾		02/15/30		400,000		315,172

						802,920

Health Care-Services—1.6%
Cano Health LLC 6.25%⁽¹⁾		10/01/28		98,000		43,532
Catalent Pharma Solutions, Inc. 3.50%⁽¹⁾		04/01/30		450,000		371,086
Centene Corp.
2.45%		07/15/28		635,000		536,905
3.00%		10/15/30		248,000		200,341
Encompass Health Corp. 4.63%		04/01/31		285,000		242,535
Fortrea Holdings, Inc. 7.50%⁽¹⁾		07/01/30		125,000		122,198
HCA, Inc.
3.50%		07/15/51		154,000		96,624
4.13%		06/15/29		208,000		188,096
5.25%		06/15/49		312,000		256,708
5.38%		09/01/26		65,000		63,779
5.50%		06/15/47		205,000		175,228
5.63%		09/01/28		100,000		97,448
7.05%		12/01/27		235,000		242,010
HealthEquity, Inc. 4.50%⁽¹⁾		10/01/29		265,000		228,605
Kedrion SpA (Italy) 6.50%⁽¹⁾		09/01/29		335,000		288,937
ModivCare Escrow Issuer, Inc. 5.00%⁽¹⁾		10/01/29		300,000		215,622
ModivCare, Inc. 5.88%⁽¹⁾		11/15/25		130,000		123,699
Molina Healthcare, Inc. 3.88%⁽¹⁾		05/15/32		175,000		140,801
Tenet Healthcare Corp. 4.88%		01/01/26		260,000		249,436

						3,883,590

Household Products/Wares—0.0%
Central Garden & Pet Co.
4.13%		10/15/30		24,000		20,050
4.13%⁽¹⁾		04/30/31		100,000		81,643

						101,693

Housewares—0.1%
Newell Brands, Inc. 6.50%		04/01/46		300,000		222,651

TCW Strategic Income Fund, Inc.

SCHEDULE OF INVESTMENTS September 30, 2023 (Unaudited) (Cont’d)


Issues	Maturity Date		Principal Amount		Value
Insurance—1.5%
Acrisure LLC/Acrisure Finance, Inc.
4.25%⁽¹⁾		02/15/29	$	280,000	$	235,001
6.00%⁽¹⁾		08/01/29		160,000		135,600
Athene Global Funding
1.61%⁽¹⁾		06/29/26		285,000		249,136
1.99%⁽¹⁾		08/19/28		425,000		347,289
3.21%⁽¹⁾		03/08/27		135,000		121,069
Brown & Brown, Inc. 4.95%		03/17/52		200,000		160,096
Farmers Exchange Capital 7.05%⁽¹⁾		07/15/28		500,000		496,835
Farmers Insurance Exchange 4.75% (3 mo. USD LIBOR + 3.231%)^(1),(5)		11/01/57		5,000		3,758
HUB International Ltd. 7.00%⁽¹⁾		05/01/26		125,000		124,996
Nationwide Mutual Insurance Co. 7.96% (3 mo. USD LIBOR + 2.290%)^(1),(5)		12/15/24		1,000,000		1,000,142
Teachers Insurance & Annuity Association of America 4.38% (3 mo. USD LIBOR + 2.661%)^(1),(5)		09/15/54		675,000		656,575

						3,530,497

Internet—0.3%
Netflix, Inc. 5.88%		02/15/25		485,000		484,651
Northwest Fiber LLC/Northwest Fiber Finance Sub, Inc. 4.75%⁽¹⁾		04/30/27		135,000		118,800
Tencent Holdings Ltd.(China) 3.68%⁽¹⁾		04/22/41		285,000		197,265

						800,716

Investment Companies—0.1%
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
4.38%		02/01/29		80,000		64,800
5.25%		05/15/27		274,000		241,484

						306,284

Iron & Steel—0.1%
ATI, Inc. 7.25%		08/15/30		121,000		120,849

Machinery-Diversified—0.2%
OT Merger Corp. 7.88%⁽¹⁾		10/15/29		575,000		357,961
Titan Acquisition Ltd./Titan Co.-Borrower LLC (Canada) 7.75%⁽¹⁾		04/15/26		140,000		137,900

						495,861

Media—1.2%
Cable One, Inc. 4.00%⁽¹⁾		11/15/30		415,000		316,956
Charter Communications Operating LLC/Charter Communications Operating Capital
2.30%		02/01/32		165,000		120,410
4.80%		03/01/50		65,000		45,499
5.25%		04/01/53		355,000		265,646
5.38%		05/01/47		125,000		95,447
5.75%		04/01/48		360,000		287,723
CSC Holdings LLC
5.38%⁽¹⁾		02/01/28		50,000		40,773
5.75%⁽¹⁾		01/15/30		100,000		56,177
6.50%⁽¹⁾		02/01/29		372,000		308,608
7.50%⁽¹⁾		04/01/28		150,000		97,646
Diamond Sports Group LLC/Diamond Sports Finance Co. 0.00%^(1),(12)		08/15/26		334,000		7,515
DirecTV Financing LLC/DirecTV Financing Co.-Obligor, Inc. 5.88% ⁽¹⁾		08/15/27		225,000		199,215
Gray Escrow II, Inc. 5.38%⁽¹⁾		11/15/31		140,000		91,517
Scripps Escrow, Inc. 5.88%⁽¹⁾		07/15/27		265,000		196,720
Sirius XM Radio, Inc. 3.88%⁽¹⁾		09/01/31		150,000		113,761
Time Warner Cable LLC 5.50%		09/01/41		120,000		93,948
VZ Secured Financing BV (Netherlands) 5.00%⁽¹⁾		01/15/32		615,000		485,112

						2,822,673

Metal Fabricate & Hardware—0.1%
Advanced Drainage Systems, Inc. 6.38%⁽¹⁾		06/15/30		125,000		120,198

Miscellaneous Manufacturers—0.9%
General Electric Co. 6.11% (3 mo. USD Term SOFR + 0.742%)⁽⁵⁾		08/15/36		2,400,000		2,138,492

Oil & Gas—0.3%
KazMunayGas National Co. JSC (Kazakhstan) 3.50%⁽⁸⁾		04/14/33		200,000		150,446
Petroleos Mexicanos
5.95%		01/28/31		122,000		87,340
6.35%		02/12/48		34,000		19,489
6.95%		01/28/60		130,000		77,155
Sunoco LP/Sunoco Finance Corp.
4.50%		04/30/30		86,000		74,582
4.50%		05/15/29		283,000		249,748

						658,760

Oil & Gas Services—0.1%
Archrock Partners LP/Archrock Partners Finance Corp. 6.25%⁽¹⁾		04/01/28		140,000		131,852

Packaging & Containers—0.7%
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.
5.25%⁽¹⁾		08/15/27		300,000		251,250
5.25%⁽¹⁾		08/15/27		50,000		41,791
Ball Corp.
4.00%		11/15/23		90,000		89,597
6.88%		03/15/28		240,000		241,200
Berry Global, Inc.
1.57%		01/15/26		323,000		292,044
1.65%		01/15/27		149,000		128,229
4.88%⁽¹⁾		07/15/26		85,000		81,451
5.50%⁽¹⁾		04/15/28		95,000		91,829
Clearwater Paper Corp. 4.75%⁽¹⁾		08/15/28		125,000		107,135
Graphic Packaging International LLC 4.75%⁽¹⁾		07/15/27		130,000		123,192
Trivium Packaging Finance BV (Netherlands) 5.50%⁽¹⁾		08/15/26		250,000		233,383

						1,681,101

Pharmaceuticals—1.0%
1375209 BC Ltd. (Canada) 9.00%⁽¹⁾		01/30/28		240,000		237,519
180 Medical, Inc. (United Kingdom) 3.88%⁽¹⁾		10/15/29		275,000		233,750

TCW Strategic Income Fund, Inc.

SCHEDULE OF INVESTMENTS September 30, 2023 (Unaudited) (Cont’d)


Issues	Maturity Date			Principal Amount		Value
Bayer AG (Germany) 4.63%⁽⁸⁾		05/26/33		$	100,000	$	104,846
Bayer U.S. Finance II LLC
4.63%⁽¹⁾		06/25/38			515,000		422,478
4.88%⁽¹⁾		06/25/48			285,000		227,528
CVS Health Corp. 5.05%		03/25/48			180,000		149,645
Grifols SA (Spain) 4.75%⁽¹⁾		10/15/28			425,000		363,600
Option Care Health, Inc. 4.38%⁽¹⁾		10/31/29			275,000		237,102
Organon & Co./Organon Foreign Debt Co.-Issuer BV 5.13%⁽¹⁾		04/30/31			140,000		113,050
Prestige Brands, Inc. 3.75%⁽¹⁾		04/01/31			445,000		358,779

							2,448,297

Pipelines—1.2%
Energy Transfer LP
5.40%		10/01/47			566,000		466,378
6.63% (3 mo. USD LIBOR + 4.155%)^(5),(13)		02/15/28			634,000		507,653
Global Partners LP/GLP Finance Corp. 6.88%		01/15/29			275,000		256,176
NGL Energy Operating LLC/NGL Energy Finance Corp. 7.50%⁽¹⁾		02/01/26			145,000		143,447
Plains All American Pipeline LP/PAA Finance Corp. 3.80%		09/15/30			500,000		429,817
Rockies Express Pipeline LLC
4.80%⁽¹⁾		05/15/30			125,000		108,438
4.95%⁽¹⁾		07/15/29			425,000		379,164
Sabine Pass Liquefaction LLC 4.50%		05/15/30			10,000		9,174
TransMontaigne Partners LP/TLP Finance Corp. 6.13%		02/15/26			265,000		227,237
Venture Global Calcasieu Pass LLC 3.88%⁽¹⁾		08/15/29			425,000		358,470

							2,885,954

Real Estate—0.2%
Annington Funding PLC (United Kingdom) 3.69%⁽⁸⁾		07/12/34			100,000		93,501
Blackstone Property Partners Europe Holdings Sarl (Luxembourg)
1.00%⁽⁸⁾		05/04/28			150,000		125,548
1.75%⁽⁸⁾		03/12/29	EUR		100,000		83,144
China Aoyuan Group Ltd. 6.35%^(4),(8),(12)		02/08/24		$	400,000		8,000
Greystar Real Estate Partners LLC 7.75%⁽¹⁾		09/01/30			125,000		124,375
Sunac China Holdings Ltd. 6.50%^(4),(8),(12)		01/10/25			200,000		27,368
Vonovia SE (Germany) 1.50%⁽⁸⁾		06/14/41	EUR		100,000		58,067
Zhenro Properties Group Ltd. (China) 0.00%^(4),(8),(12)		01/07/26		$	200,000		2,408

							522,411

REIT—2.4%
American Assets Trust LP 3.38%		02/01/31			275,000		206,299
American Homes 4 Rent LP 4.30%		04/15/52			320,000		231,408
American Tower Corp.
0.88%		05/21/29			150,000		129,711
0.95%		10/05/30			215,000		177,753
1.00%		01/15/32			265,000		210,339
2.70%		04/15/31			195,000		154,834
CapitaLand Ascendas REIT (Singapore) 0.75%⁽⁸⁾		06/23/28			115,000		99,127
CubeSmart LP 2.50%		02/15/32			195,000		148,438
Digital Intrepid Holding BV (Netherlands) 0.63%⁽⁸⁾		07/15/31			365,000		276,076
Extra Space Storage LP
2.40%		10/15/31			56,000		42,899
2.55%		06/01/31			320,000		249,398
GLP Capital LP/GLP Financing II, Inc.
5.30%		01/15/29			210,000		196,008
5.38%		04/15/26			421,000		408,580
5.75%		06/01/28			345,000		331,124
Healthcare Realty Holdings LP
2.00%		03/15/31			120,000		90,044
2.05%		03/15/31			32,000		23,225
2.40%		03/15/30			205,000		158,494
3.10%		02/15/30			245,000		204,303
Hudson Pacific Properties LP
3.25%		01/15/30			70,000		48,083
3.95%		11/01/27			325,000		256,834
4.65%		04/01/29			10,000		7,538
5.95%		02/15/28			50,000		41,759
Invitation Homes Operating Partnership LP
2.00%		08/15/31			210,000		155,484
2.70%		01/15/34			135,000		98,803
5.50%		08/15/33			40,000		37,378
Iron Mountain Information Management Services, Inc. 5.00%⁽¹⁾		07/15/32			420,000		345,715
LXP Industrial Trust 2.70%		09/15/30			275,000		213,217
Prologis Euro Finance LLC
0.63%		09/10/31	EUR		165,000		129,431
4.25%		01/31/43		$	105,000		96,794
Realty Income Corp. 5.13%		07/06/34			120,000		126,036
VICI Properties LP
4.95%		02/15/30			5,000		4,613
5.13%		05/15/32			367,000		329,452
5.63%		05/15/52			64,000		53,439
VICI Properties LP/VICI Note Co., Inc.
3.75%⁽¹⁾		02/15/27			15,000		13,695
3.88%⁽¹⁾		02/15/29			135,000		116,799
4.13%⁽¹⁾		08/15/30			42,000		35,926
4.50%⁽¹⁾		09/01/26			80,000		75,792
4.50%⁽¹⁾		01/15/28			48,000		43,854
4.63%⁽¹⁾		06/15/25			20,000		19,335
5.75%⁽¹⁾		02/01/27			60,000		58,148

							5,646,185

Retail—0.6%
Ferrellgas LP/Ferrellgas Finance Corp. 5.88%⁽¹⁾		04/01/29			135,000		122,056
Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc. 6.75%⁽¹⁾		01/15/30			395,000		322,702
FirstCash, Inc. 5.63%⁽¹⁾		01/01/30			280,000		252,409
LCM Investments Holdings II LLC 8.25%⁽¹⁾		08/01/31			120,000		116,850
Michaels Cos., Inc. 7.88%⁽¹⁾		05/01/29			590,000		385,997
Papa John’s International, Inc. 3.88%⁽¹⁾		09/15/29			285,000		235,427

							1,435,441

TCW Strategic Income Fund, Inc.

SCHEDULE OF INVESTMENTS September 30, 2023 (Unaudited) (Cont’d)


Issues	Maturity Date			Principal Amount		Value
Savings & Loans—0.1%
Nationwide Building Society (United Kingdom) 2.97% (Secured Overnight Financing Rate + 1.290%)^(1),(5)		02/16/28		$	250,000	$	223,715

Semiconductors—0.1%
Broadcom, Inc. 2.60%⁽¹⁾		02/15/33			161,000		120,159

Software—0.4%
Open Text Corp. (Canada) 6.90%⁽¹⁾		12/01/27			120,000		120,592
Oracle Corp.
3.80%		11/15/37			80,000		61,439
3.95%		03/25/51			905,000		620,848
6.50%		04/15/38			85,000		85,704
6.90%		11/09/52			60,000		61,845

							950,428

Telecommunications—1.0%
AT&T, Inc. 4.85%		03/01/39			103,000		87,141
Frontier Communications Holdings LLC
5.00%⁽¹⁾		05/01/28			350,000		299,481
6.75%⁽¹⁾		05/01/29			150,000		115,603
8.63%⁽¹⁾		03/15/31			96,000		90,230
Global Switch Finance BV (United Kingdom) 1.38%⁽⁸⁾		10/07/30	EUR		315,000		278,120
Intelsat Jackson Holdings SA (Escrow)
0.00%^(1),(4)		10/15/24		$	535,000		—
0.00%^(1),(4)		07/15/25			621,000		—
Intelsat Jackson Holdings SA (Luxembourg) 6.50%^(1),(2)		03/15/30			397,000		352,806
Qwest Corp. 7.25%		09/15/25			250,000		243,125
SES GLOBAL Americas Holdings, Inc. (Luxembourg) 5.30%⁽¹⁾		03/25/44			675,000		455,185
T-Mobile USA, Inc. 2.63%		04/15/26			489,000		452,408

							2,374,099

Water—0.1%
Thames Water Utilities Finance PLC (United Kingdom) 4.38%⁽⁸⁾		01/18/31			120,000		112,834

Total Corporate Bonds (Cost: $88,794,298)							73,958,519

MUNICIPAL BONDS—0.7%
Alabama Economic Settlement Authority, Revenue Bond 4.26%		09/15/32			705,000		651,424
Metropolitan Transportation Authority, Revenue Bond 5.18%		11/15/49			55,000		47,436
New York State Dormitory Authority, Revenue Bond 5.29%		03/15/33			1,000,000		985,095

Total Municipal Bonds (Cost: $1,881,183)							1,683,955

FOREIGN GOVERNMENT BONDS—0.7%
Brazil Government International Bonds 3.88%		06/12/30			200,000		174,780
Chile Government International Bonds 2.55%		07/27/33			300,000		231,471
Colombia Government International Bonds
3.00%		01/30/30			50,000		38,580
8.00%		04/20/33			200,000		198,460
Dominican Republic International Bonds 4.50%⁽¹⁾		01/30/30			200,000		169,920
Guatemala Government Bonds 3.70%⁽⁸⁾		10/07/33			200,000		154,160
Hungary Government International Bonds 2.13%⁽¹⁾		09/22/31			200,000		148,120
Oman Government International Bonds 5.63%⁽⁸⁾		01/17/28			200,000		195,234
Panama Government International Bonds 2.25%		09/29/32			200,000		145,400
Republic of Poland Government International Bonds 4.88%		10/04/33			240,000		223,224

Total Foreign Government Bonds (Cost: $1,850,621)							1,679,349

U.S. TREASURY SECURITIES—1.8%
U.S. Treasury Inflation-Indexed Notes 1.25%		04/15/28			1,650,910		1,569,654
U.S. Treasury Notes
4.38%		08/31/28			625,000		618,807
4.63%		09/30/28			2,140,000		2,141,421

Total U.S. Treasury Securities (Cost: $4,408,574)							4,329,882

Total Fixed Income Securities (Cost: $292,484,679)							258,399,791

COMMON STOCK—6.5%

Security				Shares
Agriculture—0.4%
Altria Group, Inc.					12,670		532,774
British American Tobacco PLC (SP ADR) (United Kingdom)					15,706		493,325

							1,026,099

Banks — 1.7%
Bank of America Corp.					41,077		1,124,688
Citigroup, Inc.					5,244		215,686
JPMorgan Chase & Co.					8,123		1,177,997
PNC Financial Services Group, Inc.					2,795		343,142
U.S. Bancorp					10,043		332,022
Wells Fargo & Co.					19,525		797,792

							3,991,327

Oil & Gas—0.5%
Sunoco LP					26,257		1,285,280


Oil & Gas Services—0.8%
USA Compression Partners LP					79,823		1,904,577

Pipelines—1.1%
Energy Transfer LP					103,400		1,450,702
Enterprise Products Partners LP					38,393		1,050,816

							2,501,518

REIT—1.3%
AGNC Investment Corp.					144,641		1,365,411
Annaly Capital Management, Inc.					41,441		779,505
Redwood Trust, Inc.					61,963		441,796
Rithm Capital Corp.					55,339		514,100
							3,100,812
Telecommunications—0.7%
AT&T, Inc.					54,617		820,347
Intelsat SA^(4),(14)					11,093		250,147

TCW Strategic Income Fund, Inc.

SCHEDULE OF INVESTMENTS September 30, 2023 (Unaudited) (Cont’d)


Security	Shares		Value
Verizon Communications, Inc.		15,224	$	493,410

				1,563,904

Total Common Stock (Cost: $15,473,548)				15,373,517

RIGHTS—0.0%
Telecommunications —0.0%
Intelsat Jackson Holdings SA^(4),(14)		1,160		—
Intelsat Jackson Holdings SA^(4),(14)		1,160		—

Total Rights (Cost: $—)				—

MONEY MARKET INVESTMENTS—2.8%
State Street Institutional U.S. Government Money Market Fund—Premier Class, 5.29%⁽¹⁵⁾		6,590,675		6,590,675

Total Money Market Investments (Cost: $6,590,675)				6,590,675


SHORT TERM INVESTMENTS—3.3%

Issues	Maturity Date		Principal Amount
U.S. TREASURY SECURITIES—3.3%
U.S. Treasury Bills
5.33% ⁽¹⁶⁾		12/05/23	$	2,110,000		2,090,076
5.46% ⁽¹⁶⁾		03/07/24		4,000,000		3,907,338
5.46% ⁽¹⁶⁾		03/07/24		2,000,000		1,953,669

Total U.S. Treasury Securities (Cost: $7,950,404)						7,951,083

Total Short Term Investments (Cost: $7,950,404)						7,951,083

Total Investments (121.5%) (Cost: $322,499,306)						288,315,066
Liabilities In Excess Of Other Assets (-21.5%)						(51,108,273	)

Net Assets (100.0%)					$	237,206,793

TCW Strategic Income Fund, Inc.

SCHEDULE OF INVESTMENTS September 30, 2023 (Unaudited) (Cont’d)

FUTURES CONTRACTS


Number of Contracts	Type	Expiration Date		Notional Contract Value			Value			Net Unrealized Appreciation (Depreciation)

Long Futures
215	2-Year U.S. Treasury Note Futures		12/29/23	$	43,734,190		$	43,582,852		$	(151,338	)
309	5-Year U.S. Treasury Note Futures		12/29/23		32,794,628			32,556,047			(238,581	)

				$	76,528,818		$	76,138,899		$	(389,919	)

Short Futures
260	10-Year U.S. Treasury Note Futures		12/19/23		(29,812,537	)	$	(29,006,250	)	$	806,287
1	30-Year Euro-Buxl Future		12/7/23		(141,405	)		(129,548	)		11,857
5	Euro-Bobl Future		12/7/23		(619,016	)		(612,752	)		6,264
11	Euro-Bund Future		12/7/23		(1,544,364	)		(1,498,174	)		46,190
74	U.S. Ultra Long Bond Futures		12/19/23		(9,444,191	)		(8,782,875	)		661,316

				$	(41,561,513	)	$	(40,029,599	)	$	1,531,914

FORWARD CURRENCY EXCHANGE CONTRACTS


Counterparty	Contracts to Deliver		Units of Currency		Settlement Date		In Exchange for U.S. Dollars		Contracts at Value		Unrealized Appreciation (Depreciation)
SELL *⁽¹⁷⁾*
Citibank N.A.		EUR		4,992,000		10/13/23	$	5,449,594	$	5,287,428	$	162,166
Citibank N.A.		GBP		702,000		10/13/23		901,378		856,876		44,502

							$	6,350,972	$	6,144,304	$	206,668

CENTRALLY CLEARED—INTEREST RATE SWAP AGREEMENTS

Notional
Amount

Expiration
Date

Payment Made by
Fund Frequency

Payment Made by
Fund

Payment Received by
Fund Frequency

Payment Received by

Fund

Unrealized
Appreciation
(Depreciation)

Premium Paid

Value

$1,476,000⁽¹⁸⁾

12/20/53

Annual

3.520%

Annual

12-Month SOFOR

116,758

—

116,758

TCW Strategic Income Fund, Inc.

SCHEDULE OF INVESTMENTS September 30, 2023 (Unaudited) (Cont’d)

WRITTEN OPTIONS—EXCHANGE TRADED


Description	Exercise Price		Expiration Date		Number of Contracts			Notional Amount			Market Value			Premiums Paid (Received) by Fund			Unrealized Appreciation (Depreciation)
Equity Options
Call
Bank of America Corp.	$	33.00		1/19/24		(210	)		(574,980	)	$	(3,675	)	$	(10,179	)	$	6,504
Wells Fargo & Co.		50.00		1/19/24		(100	)		(408,600	)		(2,200	)		(4,847	)		2,647

											$	(5,875	)	$	(15,026	)	$	9,151

Notes to the Schedule of Investments:

ACES

Alternative Credit Enhancement Securities.

CLO

Collateralized Loan Obligation.

I/F

Inverse Floating rate security whose interest rate moves in the opposite direction of prevailing interest rates.

I/O

Interest Only Security.

LIBOR

London Interbank Offered Rate.

PAC

Planned Amortization Class.

REMIC

Real Estate Mortgage Investment Conduit.

SOFR

Secured Overnight Financing Rate.

TAC

Target Amortization Class.

TBA

To Be Announced.

EUR

Euro Currency.

GBP

British Pound.

(1)

Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold, normally only to qualified institutional buyers. At September 30, 2023, the value of these securities amounted to $109,646,260 or 46.2% of net assets. These securities are determined to be liquid by the Fund’s investment advisor, unless otherwise noted, under procedures established by and under the general supervision of the Fund’s Board of Directors.

(2)

Restricted security (Note 2).

(3)

This security is a residual or equity position that does not have a stated interest rate. This residual or equity position is entitled to recurring distributions which are generally equal to the remaining cash flow of payments made by underlying securities less contractual payments to debtholders and fund expenses.

(4)

For fair value measurement disclosure purposes, security is categorized as Level 3. Security is valued using significant unobservable inputs.

(5)

Floating or variable rate security. The interest shown reflects the rate in effect at September 30, 2023.

(6)

Variable rate security. Interest rate disclosed is as of the most recent information available. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above.

(7)

Security is not accruing interest.

(8)

Investments issued under Regulation S of the Securities Act of 1933, as amended, may not be offered, sold, or delivered within the United States except under special exemptions. At September 30, 2023, the value of these securities amounted to $4,613,722 or 2.0% of net assets.

(9)

Security purchased on a forward commitment with an approximate principal amount. The actual principal amount and maturity date will be determined upon settlement when the security is delivered.

(10)

A portion of the principal balance has been written-off during the period due to defaults in the underlying loans. Cost basis has been adjusted.

(11)

The maturity date of the security has been extended past the date disclosed. The new maturity date is not known as of September 30, 2023.

(12)

Security is currently in default due to bankruptcy or failure to make payment of principal or interest of the issuer. Income is not being accrued.

(13)

Perpetual maturity.

(14)

Non-income producing security.

(15)

Rate disclosed is the 7-day net yield as of September 30, 2023.

(16)

Rate shown represents yield-to-maturity.

(17)

Fund sells foreign currency, buys U.S. Dollar.

(18)

This instrument has a forward starting effective date.

TCW Strategic Income Fund, Inc.


Investments by Sector (Unaudited)		September 30, 2023


Sector	Percentage of Net Assets
Corporate Bonds		31.2	%
Residential Mortgage-Backed Securities—Non-Agency		30.3
Residential Mortgage-Backed Securities—Agency		19.8
Asset-Backed Securities		16.9
Common Stock		6.5
Commercial Mortgage-Backed Securities—Non-Agency		6.4
U.S. Treasury Securities		5.1
Money Market Investments		2.8
Commercial Mortgage-Backed Securities—Agency		1.1
Foreign Government Bonds		0.7
Municipal Bonds		0.7
Rights		0.0	*
Other**		(21.5	)

Total		100.0	%

*	Value rounds to less than 0.1% of net assets.

**	Includes cash, futures, written options, foreign currency exchange contracts, swap agreements, pending trades, interest receivable, and accrued expenses payable.

TCW Strategic Income Fund, Inc.


Fair Valuation Summary (Unaudited)		September 30, 2023

The following is a summary of the fair valuations according to the inputs used as of September 30, 2023 in valuing the Fund’s investments:


Description	Quoted Prices in Active Markets for Identical Assets (Level 1)			Other Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Fixed Income Securities
Asset-Backed Securities	$	—		$	38,712,277	$	1,439,400	$	40,151,677
Mortgage-Backed Securities
Commercial Mortgage-Backed Securities—Agency		—			2,508,160		—		2,508,160
Commercial Mortgage-Backed Securities—Non-Agency		—			14,598,805		593,565		15,192,370
Residential Mortgage-Backed Securities—Agency		—			46,926,176		—		46,926,176
Residential Mortgage-Backed Securities—Non-Agency		—			69,802,532		2,167,171		71,969,703

Total Mortgage-Backed Securities		—			133,835,673		2,760,736		136,596,409

Corporate Bonds*		—			73,920,743		37,776		73,958,519
Municipal Bonds		—			1,683,955		—		1,683,955
Foreign Government Bonds		—			1,679,349		—		1,679,349
U.S. Treasury Securities		2,760,228			1,569,654		—		4,329,882

Total Fixed Income Securities		2,760,228			251,401,651		4,237,912		258,399,791

Common Stock*		15,123,370			—		250,147		15,373,517
Rights*		—			—		—		—
Money Market Investments		6,590,675			—		—		6,590,675
Short Term Investments		7,951,083			—		—		7,951,083

Total Investments	$	32,425,356		$	251,401,651	$	4,488,059	$	288,315,066

Asset Derivatives
Forward Currency Contracts
Foreign Currency Risk		—			206,668		—		206,668
Futures Contracts
Interest Rate Risk		1,531,914			—		—		1,531,914
Swap Agreements
Interest Rate Risk		—			116,758		—		116,758

Total	$	33,957,270		$	251,725,077	$	4,488,059	$	290,170,406

Liability Derivatives
Futures Contracts
Interest Rate Risk	$	(389,919	)	$	—	$	—	$	(389,919	)
Written Options
Equity Risk		(5,875	)		—		—		(5,875	)

Total	$	(395,794	)	$	—	$	—	$	(395,794	)

*	See Schedule of Investments for corresponding industries.

Note 1 — Security Valuations

Securities listed or traded on the NYSE and other stock exchanges are valued at the latest sale price on that exchange. Securities traded on the NASDAQ stock market (“NASDAQ”) are valued using official closing prices as reported by NASDAQ, which may not be the last sale price. All other securities for which over-the-counter (“OTC”) market quotations are readily available, including short-term securities, swap agreements and forward currency contracts, are valued with prices furnished by independent pricing services or by broker-dealers.

Pursuant to Rule 2a-5 under the 1940 Act, the Board of Directors of the Fund (the “Board”, and each member thereof, a “Director”) has designated the Advisor as the “valuation designee” with respect to the fair valuation of the Fund’s portfolio securities, subject to oversight by and periodic reporting to the Board. Fair valued securities are those for which market quotations are not readily available, including in circumstances under which it is determined by the Advisor that prices received are not reflective of their market values.

Fair value is defined as the price that the Fund would receive upon selling an investment in a timely transaction to an independent buyer in the principal or most advantageous market for the investment. In accordance with the authoritative guidance on fair value measurements and disclosures under GAAP, the Fund discloses investments in its financial statements in a three-tier hierarchy. This hierarchy is utilized to establish classification of fair value measurements based on inputs. Inputs that go into fair value measurement refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability, developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity’s own assumptions about the inputs market participants would use in pricing the asset or liability, developed based on the best information available in the circumstances.

The three-tier hierarchy of inputs is summarized in the three broad levels listed below.

Level 1 — quoted prices in active markets for identical investments.

Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates,

prepayment speeds, credit risk, etc.).

Level 3 — significant unobservable inputs (including the Fund’s own assumptions in determining the fair value

of investments).

Changes in valuation techniques may result in transfers in or out of an investment’s assigned Level within the hierarchy. The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in those investments and the determination of the significance of a particular input to the fair value measurement in its entirety requires judgment and consideration of factors specific to each security.

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized as Level 3.

In periods of market dislocation, the observability of prices and inputs may be reduced for many instruments. This condition, as well as changes related to liquidity of investments, could cause a security to be reclassified between Level 1, Level 2, or Level 3.

In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes the level in the fair value hierarchy within which the fair value measurement falls in its entirety is determined based on the lowest level input that is significant to the fair value measurement.

Fair Value Measurements: Descriptions of the valuation techniques applied to the Fund’s major categories of assets and liabilities measured at fair value on a recurring basis are as follows:

Asset-backed securities (“ABS”) and mortgage-backed securities (“MBS”). The fair value of ABS and MBS is estimated based on pricing models that consider the estimated cash flows of each debt tranche of the issuer, establish a benchmark yield, and develop an estimated tranche-specific spread to the benchmark yield based on the unique attributes of the tranche including, but not limited to, the prepayment speed assumptions and attributes of the collateral. To the extent the inputs are observable and timely, the values would be categorized as Level 2 of the fair value hierarchy; otherwise, they would be categorized as Level 3.

Corporate bonds. The fair value of corporate bonds is estimated using recently executed transactions, market price quotations (where observable), bond spreads, or credit default swap spreads adjusted for any basis difference between cash and derivative instruments. Corporate bonds are generally categorized as Level 2 of the fair value hierarchy; in instances where prices, spreads, or any of the other aforementioned key inputs are unobservable, they are categorized as Level 3 of the hierarchy.

Equity securities. Securities are generally valued based on quoted prices from the applicable exchange. To the extent these securities are actively traded and valuation adjustments are not applied, they are generally categorized as Level 1 of the fair value hierarchy. Restricted securities issued by publicly held companies are generally categorized as Level 2 of the fair value hierarchy; if a discount is applied and significant, they are categorized as Level 3. Restricted securities held in non-public entities are included in Level 3 of the fair value hierarchy because they trade infrequently, and therefore the inputs are unobservable. Certain foreign securities that are fair valued using a pricing service that considers the correlation of the trading patterns of the foreign security to the intraday trading in the U.S. markets are categorized as Level 2 of the fair value hierarchy.

Foreign currency contracts. The fair values of foreign currency contracts are derived from indices, reference rates, and other inputs or a combination of these factors. To the extent that these factors can be observed, foreign currency contracts are categorized as Level 2 of the fair value hierarchy.

Futures contracts. Futures contracts are generally valued at the settlement price established at the close of business each day by the exchange on which they are traded. They are categorized as Level 1.

Government and agency securities. Government and agency securities are normally valued using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers, quoted market prices, and reference data. Accordingly, government and agency securities are normally categorized as Level 1 or 2 of the fair value hierarchy depending on the liquidity and transparency of the market.

Interest rate swaps. Interest rate swaps are fair valued using pricing models that take into account, among other factors, index spread curves, nominal values, modified duration values and cash flows. To the extent that these inputs are observable and timely, the fair values of credit default swaps are categorized as Level 2; otherwise, the fair values are categorized as Level 3.

Money market funds. Money market funds are open-end mutual funds that invest in short-term debt securities. To the extent that these funds are valued based upon the reported net asset value (“NAV”), they are categorized as Level 1 of the fair value hierarchy.

Municipal bonds. Municipal bonds are fair valued based on pricing models that take into account, among other factors, information received from market makers and broker-dealers, current trades, bid-wanted lists, offerings, market movements, the callability of the bond, state of issuance, benchmark yield curves, and bond insurance. To the extent that these inputs are observable and timely, the fair values of municipal bonds are categorized as Level 2; otherwise, the fair values are categorized as Level 3.

Options contracts. Option contracts traded on securities exchanges are fair valued using market mid prices; as such, they are categorized as Level 1. Option contracts traded OTC are fair valued based on pricing models and incorporate various inputs such as interest rates, credit spreads, currency exchange rates and volatility measurements for in-the-money, at the-money, and out-of-money contracts on a given strike price. To the extent that these inputs are observable and timely, the fair value of OTC option contracts would be categorized as Level 2; otherwise, the fair values would be categorized as Level 3.

Restricted securities. Restricted securities, including illiquid Rule 144A securities, issued by non-public entities are categorized as Level 3 of the fair value hierarchy because they trade infrequently, and therefore the inputs are unobservable. Any other restricted securities valued similar to publicly traded securities may be categorized as Level 2 or 3 of the fair value hierarchy depending on whether a discount is applied and significant to the fair value.

Short-term investments. Short-term investments are valued using market price quotations, and are categorized as Level 1 or Level 2 of the fair value hierarchy.

The summary of the inputs used as of September 30, 2023 in valuing the Fund’s investments is listed after the Investments by Sector table.

Following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining value:


	Asset-Backed Securities			Commercial Mortgage- Backed Securities — Non-Agency			Common Stock			Corporate Bonds			Residential Mortgage-Backed Securities — Non- Agency			Total
Balance as of December 31, 2022	$	724,120					$	267,870		$	88,480		$	2,903,386		$	3,983,856
Accrued Discounts (Premiums)		—						—			—			(145,173	)		(145,173	)
Realized Gain (Loss)		—						(28	)		—			—			(28	)
Change in Unrealized Appreciation (Depreciation)		(134,720	)		(9,922	)		(17,695	)		(50,704	)		(591,042	)		(804,083	)
Purchases		—			603,487			—			—			—			603,487
Sales		—						—			—			—			—
Transfers in to Level 3		850,000						—			—			—			850,000
Transfers out of Level 3		—						—			—			—			—

Balance as of September 30, 2023	$	1,439,400		$	593,565		$	250,147		$	37,776		$	2,167,171		$	4,488,059

Change in Unrealized Appreciation (Depreciation) from Investments Still Held at September 30, 2023	$	(134,720	)	$	(9,922	)	$	(17,695	)	$	(50,704	)	$	(591,042	)	$	(804,083	)

Significant unobservable valuation inputs for Level 3 investments as of September 30, 2023 are as follows:


Description	Fair Value at September 30, 2023		Valuation Techniques		Unobservable Input		Price or Price Range		Weighted Average Price		Impact to Valuation If Input Increases
Asset-Backed Securities	$	1,439,400		Fair Valuation		Broker Quote	$	100.000 - $17,500.000	$	168.673		Increase
Commercial Mortgage-Backed Securities— Non-Agency	$	593,565		Third-party Vendor		Vendor Prices	$	98.110	$	98.110		Increase
Common Stock	$	250,147		Third-party Vendor		Vendor Prices	$	22.550	$	22.550		Increase
Corporate Bonds	$	37,776		Third-party Vendor		Vendor Prices	$	1.204 - $13.684	$	4.722		Increase
Residential Mortgage-Backed Securities— Non-Agency	$	2,167,171		Third-party Vendor		Vendor Prices	$	0.001 - $16.723	$	2.595		Increase
Rights	$	0		Fair Valuation		Contingent Payment	$	0	$	0		Increase

Derivative Instruments: Derivatives are financial instruments which are valued based on the values of one or more indicators, such as a security, asset, currency, interest rate, or index. Derivative transactions can create investment leverage and may be highly volatile. A

derivative contract may result in a mark-to-market loss if the value of the contract decreases due to an unfavorable change in the market rates or values of the underlying instrument. It is possible that a derivative transaction will result in a loss greater than the principal amount invested. The Fund may not be able to close out a derivative transaction at a favorable time or price.

For the quarter ended September 30, 2023, the Fund had derivatives and transactions in derivatives, grouped in the following risk categories:


	Equity Risk			Foreign Currency Risk		Interest Rate Risk			Total
Asset Derivatives
Swaps Agreements	$	—		$	—	$	116,758			116,758
Futures Contracts		—			—		1,531,914			1,531,914
Forward Contracts		—			206,668		—			206,668

Total Value	$	—		$	206,668	$	1,648,672		$	1,855,340

Liability Derivatives
Written Options	$	(5,875	)	$	—	$	—		$	(5,875	)
Futures Contracts		—			—		(389,919	)		(389,919	)

Total Value	$	(5,875	)	$	—	$	(389,919	)	$	(395,794	)

*Number of Contracts or Notional Amounts⁽¹⁾***
Forward Contracts	$	—		$	5,150,743	$	—		$	5,150,743
Futures Contracts		—			—		892			892
Swap Agreements	$	—		$	—	$	6,395,222		$	6,395,222
Written Options		429			—		—			429

(1)

Amount disclosed represents average number of contracts or notional amounts, which are representative of the volume traded for the period ended September 30, 2023.

Mortgage-Backed and Other Asset-Backed Securities: The Fund may invest in MBS, which represent interests in pools of mortgages in which payments of both principal and interest on the securities are generally made monthly, in effect “passing through” monthly payments made by borrowers on the residential or commercial mortgage loans which underlie the securities (net of any fees paid to the issuer or guarantor of the securities). Mortgage pass-through securities differ from other forms of debt securities, which normally provide for periodic payment of interest in fixed amounts with principal payments at maturity or specified call dates. The Fund may also invest in Collateralized Mortgage Obligations (“CMOs”). CMOs are debt obligations collateralized by residential or commercial mortgage loans or residential or commercial mortgage pass-through securities. Interest and principal are generally paid monthly. CMOs may be collateralized by whole mortgage loans or private mortgage pass-through securities but are more typically collateralized by portfolios of mortgage pass-through securities guaranteed by the Government National Mortgage Association (Ginnie Mae), Federal Home Loan Mortgage Corporation (Freddie Mac) or Federal National Mortgage Corporation (Fannie Mae). The issuer of a series of CMOs may elect to be treated for tax purposes as a Real Estate Mortgage Investment Conduit. CMOs are structured into multiple classes, each bearing a different stated maturity. Monthly payment of principal received from the pool of underlying mortgages, including prepayments, is first returned to investors holding the shortest maturity class. Investors holding the longer maturity classes usually receive principal only after shorter classes have been retired. An investor may be partially protected against a sooner than desired return of principal because of the sequential payments. The Fund may invest in stripped MBS. Stripped MBS are usually structured with two classes that receive different proportions of the interest and principal distributions on a pool of mortgage assets. In certain cases, one class will receive all of the interest (the interest only or “IO” class), while the other class will receive all of the principal (the principal only or “PO” class). The yield to maturity on IOs is sensitive to the rate of principal repayments (including prepayments) on the related underlying mortgage assets, and principal payments may have a material effect on yield to maturity. If the underlying mortgage assets experience greater than anticipated prepayments of principal, the Fund may not fully recoup its initial investment in IOs. Mortgage-backed and other asset-backed securities held by the Fund at September 30, 2023 are listed in the Fund’s Schedule of Investments.

Repurchase Agreements: The Fund may enter into repurchase agreements under the terms of a Master Repurchase Agreement (“MRA”). In a repurchase agreement, the Fund purchases a security from a counterparty who agrees to repurchase the same security at a mutually agreed upon date and price. The MRA permits the Fund, under certain circumstances including an event of default (such as bankruptcy or insolvency), to offset payables and/or receivables under the MRA with collateral held and/or posted to the counterparty and create one single net payment due to or from the Fund. However, bankruptcy or insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against such a right of offset in the event of the MRA counterparty’s bankruptcy or insolvency. Pursuant to the terms of the MRA, the Fund receives securities as collateral with a market value in excess of the repurchase price. Upon a bankruptcy or insolvency of the MRA counterparty, the Fund recognizes a liability with respect to such excess collateral to reflect the Fund’s obligation under bankruptcy law to return the excess to the counterparty. The Fund had no repurchase agreements outstanding at September 30, 2023.

When-Issued, Delayed-Delivery, To Be Announced (“TBA”) and Forward Commitment Transactions: The Fund may enter into when-issued, delayed-delivery, TBA or forward commitment transactions in order to lock in the purchase price of the underlying security or to adjust the interest rate exposure of the Fund’s existing portfolio. In when-issued, delayed-delivery, TBA or forward commitment transactions, the Fund commits to purchase or sell particular securities, with payment and delivery to take place at a future date. Although the Fund does not pay for the securities or start earning interest on them until they are delivered, it immediately assumes the risks of ownership, including the risk of price fluctuation. If the Fund’s counterparty fails to deliver a security purchased on a when-issued, delayed-delivery, TBA or forward commitment basis, there may be a loss, and the Fund may have missed an opportunity to make an alternative investment.

Prior to settlement of these transactions, the value of the subject securities will fluctuate with market conditions. In addition, because the Fund is not required to pay for when-issued, delayed-delivery, TBA or forward commitment securities until the delivery date, they may result in a form of leverage to the extent the Fund does not set aside liquid assets to cover the commitment. To guard against this deemed leverage, the Fund monitors the obligations under these transactions on a daily basis and ensures that the Fund has sufficient liquid assets to cover them.

Securities Lending: The Fund may lend its securities to qualified brokers. The loans must be collateralized at all times primarily with cash although the Fund can accept money market instruments or U.S. Government securities with a market value at least equal to the market value of the securities on loan. As with any extensions of credit, the Fund may bear the risk of delay in recovery or even loss of rights in the collateral if the borrowers of the securities fail financially. The Fund earns additional income for lending its securities by investing the cash collateral in short-term investments. The Fund did not lend any securities during the period ended September 30, 2023.

Derivatives:

Forward Foreign Currency Contracts: The Fund enters into forward foreign currency contracts as a hedge against fluctuations in foreign exchange rates. Forward foreign currency contracts are marked-to-market daily and the change in market value is recorded by the Fund as unrealized gains or losses in the Statement of Assets and Liabilities. When a contract is closed or delivery is taken, the Fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed. Risks may arise upon entering into these contracts from the potential inability of counterparties to meet the terms of their contracts and from unanticipated movements in the value of the foreign currency relative to the U.S. dollar. Futures contracts outstanding at September 30, 2023 are listed in the Fund’s Schedule of Investments.

Futures Contracts: The Fund may enter into futures contracts. The Fund may seek to manage a variety of different risks through the use of futures contracts, such as interest rate risk, equity price risk, and currency risk. The Fund may use index futures to hedge against broad market risks to its portfolio or to gain broad market exposure. Securities index futures contracts are contracts to buy or sell units of a securities index at a specified future date at a price agreed upon when the contract is made, and are settled in cash. Positions in futures may be closed out only on an exchange or board of trade which provides a secondary market for such futures. Because futures contracts are exchange-traded, they typically have minimal exposure to counterparty risk. Parties to a futures contract are not required to post the

entire notional amount of the contract, but rather a small percentage of that amount (by way of margin), both at the time they enter into futures transactions, and then on a daily basis if their positions decline in value; as a result, futures contracts are highly leveraged. Such payments are known as variation margin and are recorded by the Fund as unrealized gains or losses. Because futures markets are highly leveraged, they can be extremely volatile, and there can be no assurance that the pricing of a futures contract will correlate precisely with the pricing of the asset or index underlying it or the asset or liability of the Fund that is the subject of the hedge. It may not always be possible for the Fund to enter into a closing transaction with respect to a futures contract it has entered into at a favorable time or price. When the Fund enters into a futures transaction, it is subject to the risk that the value of the futures contract will move in a direction unfavorable to it.

When the Fund uses futures contracts for hedging purposes, it is likely that the Fund will have an asset or liability that will offset any loss (or gain) on the transactions, at least in part. When a futures contract is closed, the Fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed. During the period ended September 30, 2023, the Fund utilized treasury futures to help manage interest rate duration and credit market exposure. Futures contracts outstanding at September 30, 2023 are listed in the Fund’s Schedule of Investments.

Options: The Fund may purchase and sell put and call options on a security or an index of securities to enhance investment performance and/or to protect against changes in market prices. The Fund may also enter into currency options to hedge against or to take advantage of currency fluctuations.

A call option gives the holder the right to purchase, and obligates the writer to sell, a security at the strike price at any time before the expiration date. A put option gives the holder the right to sell, and obligates the writer to buy, a security at the exercise price at any time before the expiration date. A Fund may purchase put options to protect portfolio holdings against a decline in market value of a security or securities held by it. A Fund may also purchase a put option hoping to profit from an anticipated decline in the value of the underlying security. If a Fund holds the security underlying the option, the option premium and any transaction costs will reduce any profit the Fund might have realized had it sold the underlying security instead of buying the put option. A Fund may purchase call options to hedge against an increase in the price of securities that the Fund ultimately wants to buy. A Fund may also purchase a call option as a long directional investment hoping to profit from an anticipated increase in the value of the underlying security. In order for a call option to be profitable, the market price of the underlying security must rise sufficiently above the exercise price to cover the premium and transaction costs. These costs will reduce any profit a Fund might have realized had it bought the underlying security at the time it purchased the call option.

Purchasing foreign currency options gives a Fund the right, but not the obligation, to buy or sell specified amounts of currency at a rate of exchange that may be exercised by a certain date. These currency options may be used as a short or long hedge against possible variations in foreign exchange rates or to gain exposure to foreign currencies.

When a Fund purchases an option, it runs the risk that it will lose its entire investment in the option in a relatively short period of time, unless the Fund exercises the option or enters into a closing sale transaction before the option’s expiration. If the price of the underlying security does not rise (in the case of a call) or fall (in the case of a put) to an extent sufficient to cover the option premium and transaction costs, the Fund will lose part or all of its investment in the option. Premiums paid for purchasing options that expire are treated as realized losses.

Options purchased or sold by a Fund may be traded on a securities or options exchange. Such options typically have minimal exposure to counterparty risk. However, an exchange or market may at times find it necessary to impose restrictions on particular types of options transactions, such as opening transactions. If an underlying security ceases to meet qualifications imposed by an exchange or the Options Clearing Corporation, new series of options on that security will no longer be opened to replace the expiring series, and opening transactions in existing series may be prohibited.

OTC options are options not traded on exchanges or backed by clearinghouses. Rather, they are entered into directly between a Fund and the counterparty to the option. In the case of an OTC option purchased by a Fund, the value of the option to the Fund will depend on the willingness and ability of the option writer to perform its obligations to the Fund. In addition, OTC options may not be transferable and there may be little or no secondary market for them, so they may be considered illiquid. It may not be possible to enter into closing

transactions with respect to OTC options or otherwise to terminate such options, and as a result a Fund may be required to remain obligated on an unfavorable OTC option until its expiration. During the period ended September 30, 2023, the Fund entered into written option contracts to gain exposure to the equity market.

Swap Agreements: The Fund may enter into swap agreements. Swap agreements are typically two-party contracts entered into primarily by institutional investors. In a standard “swap” transaction, two parties agree to exchange the returns (or differentials in rates of return) earned or realized on particular predetermined investments or instruments, which may be adjusted for an interest factor. The gross returns to be exchanged or “swapped” between the parties are generally calculated with respect to a “notional amount” (i.e., the return on or increase in value of a particular dollar amount invested at a particular interest rate or in a “basket” of securities representing a particular index).

In a total return swap, one party typically agrees to pay to the other a short-term interest rate in return for a payment at one or more times in the future based on the increase in the value of an underlying security or other asset, or index of securities or assets; if the underlying security, asset, or index declines in value, the party that pays the short-term interest rate must also pay to its counterparty a payment based on the amount of the decline. The Fund may take either side of such a swap, and so may take a long or short position in the underlying security, asset, or index. The Fund may enter into a total return swap to hedge against an exposure in its portfolio — such as interest rate risk (including to adjust the duration or credit quality of the Fund’s bond portfolio), equity risk, or credit risk — or generally to put cash to work efficiently in the markets in anticipation of, or as a replacement for, cash investments. The Fund may also enter into a total return swap to gain exposure to securities or markets in which it might not be able to invest directly (in so-called market access transactions).

Interest rate swaps are agreements in which one party pays a floating rate of interest on a notional principal amount and receives a fixed rate of interest on the same notional principal amount for a specified period of time. Alternatively, a party may pay a fixed rate and receive a floating rate. In more complex swaps, the notional principal amount may decline (or amortize) over time. The Fund’s maximum risk of loss due to counterparty default is the discounted NAV of the cash flows paid to/received from the counterparty over the interest rate swap’s remaining life.

The Fund may enter into credit default swap transactions as a “buyer” or “seller” of credit protection. In a credit default swap, one party provides what is in effect insurance against a default or other adverse credit event affecting an issuer of debt securities (typically referred to as a “reference entity”). In general, the buyer of credit protection is obligated to pay the protection seller an upfront amount or a periodic stream of payments over the term of the swap. If a “credit event” occurs, the buyer has the right to deliver to the seller bonds (or other obligations of the reference entity with a value up to the full notional value of the swap), and to receive a payment equal to the par value of the bonds or other obligations. Credit events that would trigger a request that the seller make payment are specific to each credit default swap agreement, but generally include bankruptcy, failure to pay, restructuring, obligation acceleration, obligation default, or repudiation/moratorium. When the Fund buys protection, it may or may not own securities of the reference entity. When the Fund sells protection under a credit default swap, the position may have the effect of creating leverage in the Fund’s portfolio through the Fund’s indirect long exposure to the issuer or securities on which the swap is written. When the Fund sells protection, it may do so either to earn additional income or to create such a “synthetic” long position.

Whenever the Fund enters into a swap agreement, it takes on counterparty risk — the risk that its counterparty will be unable or unwilling to meet its obligations under the swap agreement. The Fund also takes the risk that the market will move against its position in the swap agreement. In the case of a total return swap, the swap will change in value depending on the change in value of the asset or index on which the swap is written. When the Fund enters into any type of swap for hedging purposes, it is likely that the Fund will have an asset or liability that will offset any loss (or gain) on the swap, at least in part. Swap agreements may be non-transferable or otherwise highly illiquid, and the Fund may not be able to terminate or transfer a swap agreement at any particular time or at an acceptable price.

During the term of a swap transaction, changes in the value of the swap are recognized as unrealized gains or losses by marking-to-market to reflect the market value of the swap. When the swap is terminated, the Fund will record a realized gain or loss equal to the difference, if any, between the proceeds from (or cost of) the closing transaction and the Fund’s basis in the agreement. Upfront swap premium payments paid or received by the Fund, if any, are recorded within the value of the open swap agreement on the Fund’s Statement of Assets and Liabilities and represent payments paid or received upon entering into the swap agreement to compensate for differences

between stated terms of the swap agreement and prevailing market conditions (credit spreads, currency exchange rates, and other relevant factors). These upfront payments are recorded as realized gains or losses on the Fund’s Statement of Operations upon termination or maturity of the swap agreement.

During the term of a swap transaction, the periodic net payments can be made for a set period of time or may be triggered by a predetermined credit event. The net periodic payments may be based on a fixed or variable interest rate, the change in market value of a specified security, basket of securities or index, or the return generated by a security. These periodic payments received or made by the Fund are recorded as realized gains and losses, respectively. During the period ended September 30, 2023, the Fund entered into interest rate swaps to manage duration, the yield curve or interest rate risk by economically hedging the value of the fixed-rate bonds which may decrease when interest rates rise (interest rate risk). Outstanding swap agreements at September 30, 2023 are disclosed in the Schedule of Investments.

Note 2 — Restricted Securities

The Fund is permitted to invest in securities that have legal or contractual restrictions on resale. These securities may be sold privately, but are required to be registered before being sold to the public (exemption rules apply). Private placement securities are generally considered to be restricted except for those securities traded between qualified institutional investors under the provisions of Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”). However, the Fund considers 144A securities to be restricted if those securities have been deemed illiquid. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Restricted securities held by the Fund at September 30, 2023 are listed below:


Issuer Description	Acquisition Date		Acquisition Cost		Aggregate Value		Percentage of Net Assets
Academic Loan Funding Trust, Series 2012-1A, Class R, 0.00%, due 12/27/2044		11/1/2022	$	735,000	$	589,400		0.25	%
Intelsat Jackson Holdings, 6.50%, due 3/15/2030		1/27/2022	$	388,696	$	352,806		0.15	%

			$	1,123,696	$	942,206		0.40	%