NPORT-EX 2 NPORT_FH5A_60317066_0122.htm FH5A

Eaton Vance

Senior Floating-Rate Trust

January 31, 2022

PORTFOLIO OF INVESTMENTS (Unaudited)

Asset-Backed Securities — 5.8%

 

                                                 
Security    Principal
Amount
(000’s omitted)		      Value  

Allegany Park CLO, Ltd., Series 2019-1A, Class E, 7.029%, (3 mo. USD LIBOR + 6.78%), 1/20/33(1)(2)

    $ 700      $ 701,298  

Ares XXXIIR CLO, Ltd., Series 2014-32RA, Class D, 6.006%, (3 mo. USD LIBOR + 5.85%), 5/15/30(1)(2)

      2,000        1,956,978  

Ares XXXIV CLO, Ltd., Series 2015-2A, Class ER, 7.091%, (3 mo. USD LIBOR + 6.85%), 4/17/33(1)(2)

      1,150        1,144,663  

Benefit Street Partners CLO XIX, Ltd., Series 2019-19A, Class E, 7.261%, (3 mo. USD LIBOR + 7.02%), 1/15/33(1)(2)

      750        743,986  

Benefit Street Partners CLO XVIII, Ltd., Series 2019-18A, Class ER, 6.991%, (3 mo. USD LIBOR + 6.75%), 10/15/34(1)(2)

      1,000        996,907  

BlueMountain CLO XXVI, Ltd., Series 2019-26A, Class ER, 7.384%, (3 mo. USD LIBOR + 7.13%), 10/20/34(1)(2)

      1,500        1,487,758  

Canyon Capital CLO, Ltd., Series 2019-2A, Class ER, 6.991%, (3 mo. USD LIBOR + 6.75%), 10/15/34(1)(2)

      400        399,577  
Carlyle Global Market Strategies CLO, Ltd.:

 

Series 2012-3A, Class DR2, 6.738%, (3 mo. USD LIBOR + 6.50%), 1/14/32(1)(2)

      1,200        1,132,709  

Series 2015-5A, Class DR, 6.954%, (3 mo. USD LIBOR + 6.70%), 1/20/32(1)(2)

      500        476,144  

Cedar Funding X CLO, Ltd., Series 2019-10A, Class ER, 6.754%, (3 mo. USD LIBOR + 6.50%), 10/20/32(1)(2)

      1,000        992,416  

Galaxy XV CLO, Ltd., Series 2013-15A, Class ER, 6.886%, (3 mo. USD LIBOR + 6.65%), 10/15/30(1)(2)

      1,000        981,539  

Galaxy XXI CLO, Ltd., Series 2015-21A, Class ER, 5.504%, (3 mo. USD LIBOR + 5.25%), 4/20/31(1)(2)

      1,000        956,270  

Galaxy XXV CLO, Ltd., Series 2018-25A, Class E, 6.208%, (3 mo. USD LIBOR + 5.95%), 10/25/31(1)(2)

      250        242,585  

Golub Capital Partners CLO 23M, Ltd., Series 2015-23A, Class ER, 6.004%, (3 mo. USD LIBOR + 5.75%), 1/20/31(1)(2)

      1,200        1,087,654  

Madison Park Funding XXXVI, Ltd., Series 2019-36A, Class E, 7.491%, (3 mo. USD LIBOR + 7.25%), 1/15/33(1)(2)

      500        500,246  
Palmer Square CLO, Ltd.:

 

Series 2013-2A, Class DRR, 6.091%, (3 mo. USD LIBOR + 5.85%), 10/17/31(1)(2)

      900        884,801  

Series 2019-1A, Class DR, 6.652%, (3 mo. USD LIBOR + 6.50%), 11/14/34(1)(2)

      1,000        996,846  

RAD CLO 5, Ltd., Series 2019-5A, Class E, 6.959%, (3 mo. USD LIBOR +
6.70%), 7/24/32(1)(2)

      1,000        995,743  

RAD CLO 7, Ltd., Series 2020-7A, Class E, 6.741%, (3 mo. USD LIBOR +
6.50%), 4/17/33(1)(2)

      1,150        1,150,442  

Regatta XIV Funding, Ltd., Series 2018-3A, Class E, 6.208%, (3 mo. USD LIBOR + 5.95%), 10/25/31(1)(2)

      700        670,897  

Regatta XVI Funding, Ltd., Series 2019-2A, Class E, 7.241%, (3 mo. USD LIBOR + 7.00%), 1/15/33(1)(2)

      750        750,265  

 

1

 

 

                                                 
Security    Principal
Amount
(000’s omitted)		      Value  

Vibrant CLO X, Ltd., Series 2018-10A, Class D, 6.444%, (3 mo. USD LIBOR + 6.19%), 10/20/31(1)(2)

    $ 775      $ 716,047  

Vibrant CLO XI, Ltd., Series 2019-11A, Class D, 7.024%, (3 mo. USD LIBOR + 6.77%), 7/20/32(1)(2)

      1,000        960,553  

Voya CLO, Ltd., Series 2013-1A, Class DR, 6.721%, (3 mo. USD LIBOR + 6.48%), 10/15/30(1)(2)

      2,000        1,851,498  

Wellfleet CLO, Ltd., Series 2020-1A, Class D, 7.481%, (3 mo. USD LIBOR +
7.24%), 4/15/33(1)(2)

      1,150        1,150,450  
     

 

 

  

Total Asset-Backed Securities
(identified cost $24,286,481)

       $ 23,928,272  
     

 

 

  

Closed-End Funds — 1.9%

 

Security    Shares      Value  

BlackRock Floating Rate Income Strategies Fund, Inc.

      99,936      $ 1,358,130  

Invesco Senior Income Trust

      361,124        1,596,168  

Nuveen Credit Strategies Income Fund

      365,228        2,363,025  

Nuveen Floating Rate Income Fund

      148,079        1,529,656  

Nuveen Floating Rate Income Opportunity Fund

      103,281        1,051,401  
     

 

 

  

Total Closed-End Funds
(identified cost $8,822,714)

       $ 7,898,380  
     

 

 

  

Common Stocks — 1.3%

      
Security    Shares      Value  

Aerospace and Defense — 0.1%

 

IAP Global Services, LLC(3)(4)(5)

      55      $ 268,280  
     

 

 

  
   $ 268,280  
     

 

 

  

Electronics/Electrical — 0.1%

 

Riverbed Technology, Inc.(3)(5)

      326      $ 3,427  

Skillsoft Corp.(3)(5)

      53,012        393,352  
     

 

 

  
   $ 396,779  
     

 

 

  

Oil and Gas — 0.5%

 

Nine Point Energy Holdings, Inc.(3)(4)(5)(6)

      758      $ 0  

QuarterNorth Energy, Inc.(3)(5)

      20,791        2,186,521  
     

 

 

  
   $ 2,186,521  
     

 

 

  

Radio and Television — 0.3%

 

Clear Channel Outdoor Holdings, Inc.(3)(5)

      86,335      $ 264,185  

Cumulus Media, Inc., Class A(3)(5)

      38,163        391,171  

iHeartMedia, Inc., Class A(3)(5)

      36,714        739,787  
     

 

 

  
   $ 1,395,143  
     

 

 

  

Retailers (Except Food and Drug) — 0.1%

 

Phillips Pet Holding Corp.(3)(4)(5)

      556      $ 210,826  
     

 

 

  
   $ 210,826  
     

 

 

  

 

2

 

 

                                                 
Security    Shares      Value  

Telecommunications — 0.2%

 

GEE Acquisition Holdings Corp.(3)(4)(5)

      45,136      $ 948,759  
     

 

 

  
   $ 948,759  
     

 

 

  

Total Common Stocks
(identified cost $4,765,850)

       $ 5,406,308  
     

 

 

  

Convertible Preferred Stocks — 0.0%(7)

 

Security    Shares      Value  

Electronics/Electrical — 0.0%(7)

 

Riverbed Technology, Inc., Series A, 6.50%, (1.50% cash, 5.00% PIK)(3)(5)

      107      $ 2,185  
     

 

 

  
   $ 2,185  
     

 

 

  

Oil and Gas — 0.0%

 

Nine Point Energy Holdings, Inc., Series A, 12.00%(3)(4)(5)(6)      14      $ 0  
     

 

 

  
      $ 0  
     

 

 

  

Total Convertible Preferred Stocks
(identified cost $17,197)

       $ 2,185  
     

 

 

  

Corporate Bonds — 1.2%

 

Security    Principal
Amount
(000’s omitted)		      Value  

Business Equipment and Services — 0.3%

 

Prime Security Services Borrower, LLC/Prime Finance, Inc.:

 

5.25%, 4/15/24(1)

    $ 700      $ 722,400  

5.75%, 4/15/26(1)

      700        726,456  
     

 

 

  
      $ 1,448,856  
     

 

 

  

Food Products — 0.3%

 

Del Monte Foods, Inc., 11.875%, 5/15/25(1)    $ 1,000      $ 1,106,145  
     

 

 

  
      $ 1,106,145  
     

 

 

  

Radio and Television — 0.5%

 

Diamond Sports Group, LLC/Diamond Sports Finance Co., 5.375%, 8/15/26(1)    $ 2,864      $ 1,329,281  
iHeartCommunications, Inc.:

 

6.375%, 5/1/26

      208        215,363  

8.375%, 5/1/27

      376        394,107  
     

 

 

  
      $ 1,938,751  
     

 

 

  

Telecommunications — 0.1%

 

Digicel International Finance, Ltd./Digicel International Holdings, Ltd., 8.75%, 5/25/24(1)    $ 550      $ 564,361  
     

 

 

  
      $ 564,361  
     

 

 

  

Total Corporate Bonds
(identified cost $5,893,349)

       $ 5,058,113  
     

 

 

  

 

3

 

 

                                                 

Senior Floating-Rate Loans — 140.6%(8)

 

Borrower/Description    Principal
Amount*
(000’s omitted)		      Value  

Aerospace and Defense — 2.3%

 

Aernnova Aerospace S.A.U.:

 

   

Term Loan, 3.00%, (3 mo. EURIBOR + 3.00%), 2/22/27

    EUR  102      $ 109,097  

Term Loan, 3.00%, (3 mo. EURIBOR + 3.00%), 2/26/27

    EUR  398        425,478  

AI Convoy (Luxembourg) S.a.r.l.:

 

   

Term Loan, 3.50%, (6 mo. EURIBOR + 3.50%), 1/18/27

    EUR  400        446,790  

Term Loan, 4.50%, (USD LIBOR + 3.50%, Floor 1.00%), 1/18/27(9)

      1,741        1,746,440  

Dynasty Acquisition Co., Inc.:

 

   

Term Loan, 3.724%, (3 mo. USD LIBOR + 3.50%), 4/6/26

      1,004        983,720  

Term Loan, 3.724%, (3 mo. USD LIBOR + 3.50%), 4/6/26

      1,867        1,829,088  
IAP Worldwide Services, Inc.:

 

   

Revolving Loan, 0.75%, 7/18/23(10)

      311        312,259  

Term Loan - Second Lien, 8.00%, (3 mo. USD LIBOR + 6.50%, Floor 1.50%), 7/18/23(4)

      398        323,784  

Spirit Aerosystems, Inc., Term Loan, 4.25%, (1 mo. USD LIBOR + 3.75%, Floor 0.50%), 1/15/25

      521        523,250  

WP CPP Holdings, LLC, Term Loan, 4.75%, (USD LIBOR + 3.75%, Floor 1.00%), 4/30/25(9)

      3,015        2,959,523  
     

 

 

  
      $ 9,659,429  
     

 

 

  

Air Transport — 2.7%

 

AAdvantage Loyalty IP, Ltd., Term Loan, 5.50%, (3 mo. USD LIBOR + 4.75%, Floor 0.75%), 4/20/28

      3,025      $ 3,144,920  

Air Canada, Term Loan, 4.25%, (6 mo. USD LIBOR + 3.50%, Floor 0.75%), 8/11/28

      2,000        2,008,750  

Brown Group Holding, LLC, Term Loan, 3.00%, (3 mo. USD LIBOR + 2.50%, Floor 0.50%), 6/7/28

      2,189        2,179,215  

Mileage Plus Holdings, LLC, Term Loan, 6.25%, (3 mo. USD LIBOR + 5.25%, Floor 1.00%), 6/21/27

      750        792,469  

United Airlines, Inc., Term Loan, 4.50%, (3 mo. USD LIBOR + 3.75%, Floor 0.75%), 4/21/28

      2,985        2,993,356  
     

 

 

  
      $ 11,118,710  
     

 

 

  

Automotive — 6.8%

 

Adient US, LLC, Term Loan, 3.605%, (1 mo. USD LIBOR + 3.50%), 4/10/28

      1,943      $ 1,944,970  

Autokiniton US Holdings, Inc., Term Loan, 5.00%, (12 mo. USD LIBOR + 4.50%, Floor 0.50%), 4/6/28

      3,188        3,196,108  

Belron Finance US, LLC, Term Loan, 3.25%, (3 mo. USD LIBOR + 2.75%, Floor 0.50%), 4/13/28

      918        919,115  

Bright Bidco B.V., Term Loan, 4.50%, (6 mo. USD LIBOR + 3.50%, Floor 1.00%), 6/30/24

      1,458        1,123,896  

Chassix, Inc., Term Loan, 6.50%, (USD LIBOR + 5.50%, Floor 1.00%), 11/15/23(9)

      1,296        1,176,930  
Clarios Global, L.P.:

 

   

Term Loan, 3.25%, (1 mo. EURIBOR + 3.25%), 4/30/26

    EUR  1,000        1,116,748  

Term Loan, 3.355%, (1 mo. USD LIBOR + 3.25%), 4/30/26

      3,004        2,995,453  

Dayco Products, LLC, Term Loan, 4.425%, (3 mo. USD LIBOR + 4.25%), 5/19/23

      979        965,007  

Garrett LX I S.a.r.l., Term Loan, 3.75%, (3 mo. USD LIBOR + 3.25%, Floor 0.50%), 4/30/28

      723        721,380  

Gates Global, LLC, Term Loan, 3.25%, (1 mo. USD LIBOR + 2.50%, Floor 0.75%), 3/31/27

      2,562        2,558,991  

 

4

 

 

                                                 
Borrower/Description    Principal
Amount*
(000’s omitted)		      Value  

Les Schwab Tire Centers, Term Loan, 4.00%, (3 mo. USD LIBOR + 3.25%, Floor 0.75%), 11/2/27

      4,091      $ 4,091,851  

MajorDrive Holdings IV, LLC, Term Loan, 4.50%, (3 mo. USD LIBOR + 4.00%, Floor 0.50%), 5/12/28

      622        622,264  

Tenneco, Inc., Term Loan, 3.105%, (1 mo. USD LIBOR + 3.00%), 10/1/25

      2,992        2,962,676  

Thor Industries, Inc., Term Loan, 3.125%, (1 mo. USD LIBOR + 3.00%), 2/1/26

      991        993,840  

Truck Hero, Inc., Term Loan, 4.00%, (1 mo. USD LIBOR + 3.25%, Floor 0.75%), 1/31/28

      1,741        1,739,269  

Wheel Pros, LLC, Term Loan, 5.25%, (1 mo. USD LIBOR + 4.50%, Floor 0.75%), 5/11/28

      948        948,217  
     

 

 

  
      $ 28,076,715  
     

 

 

  

Beverage and Tobacco — 1.0%

 

Arterra Wines Canada, Inc., Term Loan, 4.25%, (3 mo. USD LIBOR + 3.50%, Floor 0.75%), 11/24/27

      990      $ 988,144  

City Brewing Company, LLC, Term Loan, 4.25%, (3 mo. USD LIBOR + 3.50%, Floor 0.75%), 4/5/28

      848        812,900  

Triton Water Holdings, Inc., Term Loan, 4.00%, (3 mo. USD LIBOR + 3.50%, Floor 0.50%), 3/31/28

      2,438        2,422,515  
     

 

 

  
      $ 4,223,559  
     

 

 

  

Brokerage/Securities Dealers/Investment Houses — 0.9%

 

Advisor Group, Inc., Term Loan, 4.605%, (1 mo. USD LIBOR + 4.50%), 7/31/26

      2,202      $ 2,201,869  

Hudson River Trading, LLC, Term Loan, 3.171%, (SOFR + 3.114%), 3/20/28

      1,755        1,735,176  
     

 

 

  
      $ 3,937,045  
     

 

 

  

Building and Development — 4.8%

 

Aegion Corporation, Term Loan, 5.50%, (3 mo. USD LIBOR + 4.75%, Floor 0.75%), 5/17/28

      524      $ 526,797  

American Residential Services, LLC, Term Loan, 4.25%, (3 mo. USD LIBOR + 3.50%, Floor 0.75%), 10/15/27

      569        569,962  

Cornerstone Building Brands, Inc., Term Loan, 3.75%, (1 mo. USD LIBOR + 3.25%, Floor 0.50%), 4/12/28

      2,836        2,835,657  

CP Atlas Buyer, Inc., Term Loan, 4.25%, (3 mo. USD LIBOR + 3.75%, Floor 0.50%), 11/23/27

      1,391        1,387,748  
DiversiTech Holdings, Inc.:

 

   

Term Loan, 0.00%, 12/16/28(10)

      124        125,373  

Term Loan, 4.25%, (3 mo. USD LIBOR + 3.75%, Floor 0.50%), 12/16/28

      601        601,465  

MI Windows and Doors, LLC, Term Loan, 4.00%, (SOFR + 3.50%, Floor 0.50%), 12/18/27

      1,536        1,540,560  

Northstar Group Services, Inc., Term Loan, 6.50%, (1 mo. USD LIBOR + 5.50%, Floor 1.00%), 11/12/26

      1,442        1,446,237  

Park River Holdings, Inc., Term Loan, 4.00%, (3 mo. USD LIBOR + 3.25%, Floor 0.75%), 12/28/27

      670        667,423  
Patagonia Bidco Limited:

 

   

Term Loan, 5.445%, (SONIA + 5.25%), 3/5/29

    GBP  1,121        1,505,954  

Term Loan, 5.445%, (SONIA + 5.25%), 3/5/29

    GBP  204        273,810  

Quikrete Holdings, Inc., Term Loan, 6/11/28(11)

      2,500        2,497,655  
SRS Distribution, Inc.:

 

   

Term Loan, 4.00%, (SOFR + 3.50%, Floor 0.50%), 6/2/28

      325        325,068  

 

5

 

 

                                                 
Borrower/Description    Principal
Amount*
(000’s omitted)		      Value  

Term Loan, 4.25%, (USD LIBOR + 3.75%, Floor 0.50%), 6/2/28(9)

      1,095      $ 1,094,403  

Standard Industries, Inc., Term Loan, 3.00%, (3 mo. USD LIBOR + 2.50%, Floor 0.50%), 9/22/28

      944        946,258  

Werner FinCo L.P., Term Loan, 5.00%, (3 mo. USD LIBOR + 4.00%, Floor 1.00%), 7/24/24

      1,054        1,056,276  

White Cap Buyer, LLC, Term Loan, 6.25%, (USD Prime + 3.00%), 10/19/27

      2,148        2,150,665  

WireCo WorldGroup, Inc., Term Loan, 4.75%, (6 mo. USD LIBOR + 4.25%, Floor 0.50%), 11/13/28

      425        425,531  
     

 

 

  
      $ 19,976,842  
     

 

 

  

Business Equipment and Services — 16.9%

 

AlixPartners, LLP, Term Loan, 3.25%, (3 mo. EURIBOR + 3.25%), 2/4/28

    EUR  496      $ 556,417  

Allied Universal Holdco, LLC, Term Loan, 4.25%, (3 mo. USD LIBOR + 3.75%, Floor 0.50%), 5/12/28

      3,919        3,914,766  

APFS Staffing Holdings, Inc., Term Loan, 12/29/28(11)

      250        250,625  
AppLovin Corporation:

 

   

Term Loan, 3.355%, (1 mo. USD LIBOR + 3.25%), 8/15/25

      2,139        2,137,971  

Term Loan, 3.50%, (1 mo. USD LIBOR + 3.00%, Floor 0.50%), 10/25/28

      1,272        1,270,223  

Belfor Holdings, Inc., Term Loan, 3.855%, (1 mo. USD LIBOR + 3.75%), 4/6/26

      488        488,109  

Blitz 20-487 GmbH, Term Loan, 3.50%, (3 mo. EURIBOR + 3.50%), 4/28/28

    EUR  750        840,130  

Bracket Intermediate Holding Corp., Term Loan, 4.466%, (3 mo. USD LIBOR + 4.25%), 9/5/25

      847        846,033  

Brand Energy & Infrastructure Services, Inc., Term Loan, 5.25%, (3 mo. USD LIBOR + 4.25%, Floor 1.00%), 6/21/24

      501        490,094  

Camelot U.S. Acquisition 1 Co., Term Loan, 4.00%, (1 mo. USD LIBOR + 3.00%, Floor 1.00%), 10/30/26

      3,601        3,597,809  

Ceridian HCM Holding, Inc., Term Loan, 2.605%, (1 mo. USD LIBOR + 2.50%), 4/30/25

      889        879,482  

Deerfield Dakota Holding, LLC, Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), 4/9/27

      1,995        2,002,639  

Employbridge, LLC, Term Loan, 5.50%, (3 mo. USD LIBOR + 4.75%, Floor 0.75%), 7/14/28

      1,496        1,494,914  

Endure Digital, Inc., Term Loan, 4.25%, (3 mo. USD LIBOR + 3.50%, Floor 0.75%), 2/10/28

      3,060        3,037,060  

EP Purchaser, LLC, Term Loan, 4.00%, (3 mo. USD LIBOR + 3.50%, Floor 0.50%), 11/6/28

      350        350,766  

Foundational Education Group, Inc., Term Loan, 4.75%, (6 mo. USD LIBOR + 4.25%, Floor 0.50%), 8/31/28

      1,475        1,477,304  

Garda World Security Corporation, Term Loan, 4.36%, (1 mo. USD LIBOR + 4.25%), 10/30/26

      2,408        2,417,015  

Grab Holdings, Inc., Term Loan, 5.50%, (6 mo. USD LIBOR + 4.50%, Floor 1.00%), 1/29/26

      2,308        2,313,811  

Greeneden U.S. Holdings II, LLC, Term Loan, 4.75%, (1 mo. USD LIBOR + 4.00%, Floor 0.75%), 12/1/27

      2,334        2,336,880  
Hillman Group, Inc. (The):

 

   

Term Loan, 2.79%, (1 mo. USD LIBOR + 2.75%, Floor 0.50%), 7/14/28(10)

      76        75,792  

Term Loan, 3.25%, (1 mo. USD LIBOR + 2.75%, Floor 0.50%), 7/14/28

      316        315,703  

Indy US Bidco, LLC:

 

   

Term Loan, 3.75%, (1 mo. EURIBOR + 3.75%), 3/6/28

    EUR  597        671,819  

Term Loan, 3.855%, (1 mo. USD LIBOR + 3.75%), 3/5/28

      744        744,850  

Intrado Corporation, Term Loan, 5.00%, (3 mo. USD LIBOR + 4.00%, Floor 1.00%), 10/10/24

      925        868,512  

 

6

 

 

                                                 
Borrower/Description    Principal
Amount*
(000’s omitted)		      Value  

IRI Holdings, Inc., Term Loan, 4.355%, (1 mo. USD LIBOR + 4.25%), 12/1/25

      2,562      $ 2,568,999  

Ivanti Software, Inc.:

 

   

Term Loan, 4.75%, (3 mo. USD LIBOR + 4.00%, Floor 0.75%), 12/1/27

      720        715,245  

Term Loan, 5.00%, (3 mo. USD LIBOR + 4.25%, Floor 0.75%), 12/1/27

      2,637        2,628,510  

KAR Auction Services, Inc., Term Loan, 2.375%, (1 mo. USD LIBOR + 2.25%), 9/19/26

      587        579,902  

KUEHG Corp.:

 

   

Term Loan, 4.75%, (3 mo. USD LIBOR + 3.75%, Floor 1.00%), 2/21/25

      2,886        2,848,770  

Term Loan - Second Lien, 9.25%, (3 mo. USD LIBOR + 8.25%, Floor 1.00%), 8/22/25

      400        399,700  

LGC Group Holdings, Ltd., Term Loan, 3.00%, (1 mo. EURIBOR + 3.00%), 4/21/27

    EUR  475        523,883  

Loire Finco Luxembourg S.a.r.l., Term Loan, 3.355%, (1 mo. USD LIBOR + 3.25%), 4/21/27

      320        314,553  

Magnite, Inc., Term Loan, 5.75%, (6 mo. USD LIBOR + 5.00%, Floor 0.75%), 4/28/28

      721        723,178  

MedAssets Software Intermediate Holdings, Inc.:

 

   

Term Loan, 4.50%, (6 mo. USD LIBOR + 4.00%, Floor 0.50%), 12/18/28

      825        823,797  

Term Loan - Second Lien, 7.25%, (6 mo. USD LIBOR + 6.75%, Floor 0.50%), 12/17/29

      600        601,000  

Monitronics International, Inc., Term Loan, 8.75%, (3 mo. USD LIBOR + 7.50%, Floor 1.25%), 3/29/24

      1,398        1,188,019  

NAB Holdings, LLC, Term Loan, 3.50%, (SOFR + 3.00%, Floor 0.50%), 11/23/28

      925        920,375  

Packaging Coordinators Midco, Inc., Term Loan, 4.50%, (3 mo. USD LIBOR + 3.75%, Floor 0.75%), 11/30/27

      1,372        1,373,637  

Pike Corporation, Term Loan, 3.11%, (1 mo. USD LIBOR + 3.00%), 1/21/28

      455        454,995  

Prime Security Services Borrower, LLC, Term Loan, 3.50%, (USD LIBOR + 2.75%, Floor 0.75%), 9/23/26(9)

      2,024        2,021,409  

Sabre GLBL, Inc.:

 

   

Term Loan, 2.105%, (1 mo. USD LIBOR + 2.00%), 2/22/24

      913        902,141  

Term Loan, 4.00%, (1 mo. USD LIBOR + 3.50%, Floor 0.50%), 12/17/27

      959        952,029  

Term Loan, 4.00%, (1 mo. USD LIBOR + 3.50%, Floor 0.50%), 12/17/27

      1,529        1,517,591  

SITEL Worldwide Corporation, Term Loan, 4.25%, (3 mo. USD LIBOR + 3.75%, Floor 0.50%), 8/28/28

      2,319        2,323,536  

Skopima Merger Sub, Inc., Term Loan, 4.50%, (1 mo. USD LIBOR + 4.00%, Floor 0.50%), 5/12/28

      1,521        1,520,395  

SMG US Midco 2, Inc., Term Loan, 2.744%, (USD LIBOR + 2.50%), 1/23/25(9)

      217        212,985  

Sotheby’s, Term Loan, 5.00%, (3 mo. USD LIBOR + 4.50%, Floor 0.50%), 1/15/27

      411        412,903  

Spin Holdco, Inc., Term Loan, 4.75%, (3 mo. USD LIBOR + 4.00%, Floor 0.75%), 3/4/28

      4,218        4,222,411  

Techem Verwaltungsgesellschaft 675 mbH, Term Loan, 2.375%, (6 mo. EURIBOR + 2.375%), 7/15/25

    EUR  739        820,445  

Tempo Acquisition, LLC, Term Loan, 3.50%, (SOFR + 3.00%, Floor 0.50%), 8/31/28

      1,560        1,565,121  

TK Elevator Topco GmbH, Term Loan, 7/29/27(11)

    EUR  500        560,848  

Trans Union, LLC, Term Loan, 2.75%, (1 mo. USD LIBOR + 2.25%, Floor 0.50%), 12/1/28

      1,524        1,520,037  

Vaco Holdings, LLC, Term Loan, 5.75%, (SOFR + 5.00%, Floor 0.75%), 1/21/29

      250        250,625  

 

7

 

 

                                                 
Borrower/Description    Principal
Amount*
(000’s omitted)		      Value  

West Corporation, Term Loan, 4.50%, (3 mo. USD LIBOR + 3.50%, Floor 1.00%), 10/10/24

      281      $ 262,385  

Zephyr Bidco Limited, Term Loan, 5.019%, (SONIA + 4.75%), 7/23/25

    GBP  700        930,643  
     

 

 

  
      $ 70,038,791  
     

 

 

  

Cable and Satellite Television — 3.5%

      

Altice France S.A.:

      

Term Loan, 3.927%, (3 mo. USD LIBOR + 3.69%), 1/31/26

      2,216      $ 2,206,896  

Term Loan, 4.106%, (2 mo. USD LIBOR + 4.00%), 8/14/26

      1,616        1,613,049  

Numericable Group S.A., Term Loan, 3.00%, (3 mo. EURIBOR + 3.00%), 7/31/25

    EUR  429        475,328  

UPC Broadband Holding B.V.:

      

Term Loan, 2.356%, (1 mo. USD LIBOR + 2.25%), 4/30/28

      825        815,424  

Term Loan, 2.50%, (6 mo. EURIBOR + 2.50%), 4/30/29

    EUR  725        802,857  

UPC Financing Partnership, Term Loan, 3.106%, (1 mo. USD LIBOR + 3.00%), 1/31/29

      3,000        2,986,311  

Virgin Media Bristol, LLC, Term Loan, 3.356%, (1 mo. USD LIBOR + 3.25%), 1/31/29

      5,675        5,671,958  
     

 

 

  
      $ 14,571,823  
     

 

 

  

Chemicals and Plastics — 6.5%

      

Aruba Investments, Inc.:

      

Term Loan, 4.00%, (6 mo. EURIBOR + 4.00%), 11/24/27

    EUR  496      $ 558,906  

Term Loan, 4.50%, (6 mo. USD LIBOR + 3.75%, Floor 0.75%), 11/24/27

      720        721,370  

Atotech B.V., Term Loan, 2.50%, (1 mo. EURIBOR + 2.50%), 3/18/28

    EUR  325        364,665  

Charter NEX US, Inc., Term Loan, 4.50%, (1 mo. USD LIBOR + 3.75%, Floor 0.75%), 12/1/27

      446        446,544  

Chemours Company (The), Term Loan, 2.50%, (3 mo. EURIBOR + 2.00%, Floor 0.50%), 4/3/25

    EUR  559        621,973  

CPC Acquisition Corp., Term Loan, 4.50%, (3 mo. USD LIBOR + 3.75%, Floor 0.75%), 12/29/27

      769        762,457  

Ferro Corporation:

      

Term Loan, 2.47%, (3 mo. USD LIBOR + 2.25%), 2/14/24

      80        80,040  

Term Loan, 2.47%, (3 mo. USD LIBOR + 2.25%), 2/14/24

      82        81,781  

Term Loan, 2.47%, (3 mo. USD LIBOR + 2.25%), 2/14/24

      105        104,748  

Flint Group GmbH, Term Loan, 5.25%, (USD LIBOR + 4.25%, Floor 1.00%), 9/21/23(9)

      140        138,859  

Flint Group US, LLC, Term Loan, 5.25%, (USD LIBOR + 4.25%, Floor 1.00%), 9/21/23(9)

      845        839,985  

Gemini HDPE, LLC, Term Loan, 3.50%, (3 mo. USD LIBOR + 3.00%, Floor 0.50%), 12/31/27

      718        717,909  

Groupe Solmax, Inc., Term Loan, 5.50%, (3 mo. USD LIBOR + 4.75%, Floor 0.75%), 5/29/28

      1,493        1,499,030  

Hexion, Inc., Term Loan, 3.72%, (3 mo. USD LIBOR + 3.50%), 7/1/26

      707        708,642  

Illuminate Buyer, LLC, Term Loan, 3.605%, (1 mo. USD LIBOR + 3.50%), 6/30/27

      1,728        1,725,741  

INEOS Enterprises Holdings II Limited, Term Loan, 3.25%, (3 mo. EURIBOR + 3.25%), 8/31/26

    EUR  175        196,399  

INEOS Enterprises Holdings US Finco, LLC, Term Loan, 4.50%, (3 mo. USD LIBOR + 3.50%, Floor 1.00%), 8/28/26

      201        201,962  

INEOS Finance PLC:

      

Term Loan, 2.50%, (1 mo. EURIBOR + 2.00%, Floor 0.50%), 4/1/24

    EUR  4        4,279  

Term Loan, 3.25%, (3 mo. EURIBOR + 2.75%, Floor 0.50%), 11/4/28

    EUR  625        701,669  

 

8

 

 

                                                 
Borrower/Description    Principal
Amount*
(000’s omitted)		      Value  

INEOS Styrolution US Holding, LLC, Term Loan, 3.25%, (1 mo. USD LIBOR + 2.75%, Floor 0.50%), 1/29/26

      1,990      $ 1,988,756  

INEOS US Finance, LLC, Term Loan, 11/8/28(11)

      525        523,359  

Kraton Polymers, LLC:

      

Term Loan, 11/18/28(11)

    EUR  300        337,709  

Term Loan, 11/18/28(11)

      400        399,500  

Lonza Group AG:

      

Term Loan, 4.75%, (6 mo. USD LIBOR + 4.00%, Floor 0.75%), 7/3/28

      2,363        2,364,273  

Term Loan, 7/3/28(11)

      100        100,049  

LSF11 Skyscraper Holdco S.a.r.l., Term Loan, 4.25%, (3 mo. USD LIBOR + 3.50%, Floor 0.75%), 9/29/27

      620        621,100  

Momentive Performance Materials, Inc., Term Loan, 3.36%, (1 mo. USD LIBOR + 3.25%), 5/15/24

      414        414,764  

Olympus Water US Holding Corporation, Term Loan, 4.25%, (3 mo. USD LIBOR + 3.75%, Floor 0.50%), 11/9/28

      1,500        1,500,703  

Orion Engineered Carbons GmbH, Term Loan, 2.75%, (3 mo. USD LIBOR + 2.25%, Floor 0.50%), 9/24/28

      324        324,998  

PMHC II, Inc., Term Loan, 4.50%, (USD LIBOR + 3.50%, Floor 1.00%), 3/31/25(9)

      1,558        1,558,322  

Pregis TopCo Corporation, Term Loan, 4.105%, (1 mo. USD LIBOR + 4.00%), 7/31/26

      588        587,908  

Pretium PKG Holdings, Inc.:

 

   

Term Loan, 4.50%, (3 mo. USD LIBOR + 4.00%, Floor 0.50%), 10/2/28

      525        525,610  

Term Loan - Second Lien, 7.25%, (3 mo. USD LIBOR + 6.75%, Floor 0.50%), 10/1/29

      300        301,875  

Rohm Holding GmbH, Term Loan, 5.269%, (6 mo. USD LIBOR + 4.75%), 7/31/26

      1,462        1,464,167  

Starfruit Finco B.V., Term Loan, 3.25%, (1 mo. EURIBOR + 3.25%), 10/1/25

    EUR  401        446,679  

Venator Materials Corporation, Term Loan, 3.105%, (1 mo. USD LIBOR + 3.00%), 8/8/24

      359        356,220  

W.R. Grace & Co. -Conn., Term Loan, 4.25%, (3 mo. USD LIBOR + 3.75%, Floor 0.50%), 9/22/28

      2,450        2,455,819  
     

 

 

  
      $ 26,748,770  
     

 

 

  

Conglomerates — 0.0%(7)

 

Penn Engineering & Manufacturing Corp., Term Loan, 3.50%, (3 mo. USD LIBOR + 2.50%, Floor 1.00%), 6/27/24

      166      $ 165,623  
     

 

 

  
      $ 165,623  
     

 

 

  

Containers and Glass Products — 2.8%

 

Berlin Packaging, LLC, Term Loan, 4.25%, (USD LIBOR + 3.75%, Floor 0.50%), 3/11/28(9)

      1,047      $ 1,047,375  

BWAY Holding Company, Term Loan, 3.354%, (1 mo. USD LIBOR + 3.25%), 4/3/24

      2,374        2,354,414  

Flex Acquisition Company, Inc., Term Loan, 4.00%, (3 mo. USD LIBOR + 3.50%, Floor 0.50%), 3/2/28

      3,218        3,214,782  

Libbey Glass, Inc., Term Loan, 11.00%, (3 mo. USD LIBOR + 10.00%, Floor 1.00%), 11/13/25

      824        857,391  

Proampac PG Borrower, LLC, Term Loan, 4.50%, (3 mo. USD LIBOR + 3.75%, Floor 0.75%), 11/3/25

      597        598,369  

 

9

 

 

                                                 
Borrower/Description    Principal
Amount*
(000’s omitted)		      Value  

Reynolds Group Holdings, Inc., Term Loan, 4.00%, (1 mo. USD LIBOR + 3.50%, Floor 0.50%), 9/20/28

      2,319      $ 2,318,543  

TricorBraun Holdings, Inc., Term Loan, 3.75%, (1 mo. USD LIBOR + 3.25%, Floor 0.50%), 3/3/28

      747        743,640  

Trident TPI Holdings, Inc., Term Loan, 4.25%, (3 mo. USD LIBOR + 3.25%, Floor 1.00%), 10/17/24

      529        529,042  
     

 

 

  
      $ 11,663,556  
     

 

 

  

Cosmetics/Toiletries — 0.4%

 

Kronos Acquisition Holdings, Inc.:

 

   

Term Loan, 4.25%, (3 mo. USD LIBOR + 3.75%, Floor 0.50%), 12/22/26

      1,287      $ 1,251,148  

Term Loan, 7.00%, (SOFR + 6.00%, Floor 1.00%), 12/22/26

      350        353,938  
     

 

 

  
      $ 1,605,086  
     

 

 

  

Drugs — 3.5%

 

Akorn, Inc., Term Loan, 8.50%, (3 mo. USD LIBOR + 7.50%, Floor 1.00%), 10/1/25

      598      $ 606,253  

Alkermes, Inc., Term Loan, 3.00%, (3 mo. USD LIBOR + 2.50%, Floor 0.50%), 3/12/26

      344        339,512  

Amneal Pharmaceuticals, LLC, Term Loan, 3.625%, (1 mo. USD LIBOR + 3.50%), 5/4/25

      1,659        1,646,310  

Bausch Health Companies, Inc., Term Loan, 3.105%, (1 mo. USD LIBOR + 3.00%), 6/2/25

      2,200        2,198,968  

Cambrex Corporation, Term Loan, 4.25%, (1 mo. USD LIBOR + 3.50%, Floor 0.75%), 12/4/26

      297        297,408  

Curia Global, Inc., Term Loan, 4.50%, (USD LIBOR + 3.75%, Floor 0.75%), 8/30/26(9)

      1,859        1,861,150  

Jazz Financing Lux S.a.r.l., Term Loan, 4.00%, (1 mo. USD LIBOR + 3.50%, Floor 0.50%), 5/5/28

      2,488        2,490,955  

Mallinckrodt International Finance S.A.:

 

   

Term Loan, 6.00%, (3 mo. USD LIBOR + 5.25%, Floor 0.75%), 9/24/24

      1,901        1,787,379  

Term Loan, 6.25%, (3 mo. USD LIBOR + 5.50%, Floor 0.75%), 2/24/25

      2,724        2,558,887  

Nidda Healthcare Holding AG, Term Loan, 3.50%, (3 mo. EURIBOR + 3.50%), 8/21/26

    EUR  575        640,332  

PharmaZell GmbH, Term Loan, 6/11/27(11)

    EUR  125        140,923  
     

 

 

  
      $ 14,568,077  
     

 

 

  

Ecological Services and Equipment — 1.0%

 

EnergySolutions, LLC, Term Loan, 4.75%, (3 mo. USD LIBOR + 3.75%, Floor 1.00%), 5/9/25

      1,701      $ 1,699,760  

GFL Environmental, Inc., Term Loan, 3.50%, (3 mo. USD LIBOR + 3.00%, Floor 0.50%), 5/30/25

      50        49,596  

TruGreen Limited Partnership, Term Loan, 4.75%, (1 mo. USD LIBOR + 4.00%, Floor 0.75%), 11/2/27

      2,062        2,068,671  

US Ecology Holdings, Inc., Term Loan, 2.605%, (1 mo. USD LIBOR + 2.50%), 11/1/26

      245        244,923  
     

 

 

  
      $ 4,062,950  
     

 

 

  

Electronics/Electrical — 30.3%

 

Allegro Microsystems, Inc., Term Loan, 4.25%, (3 mo. USD LIBOR + 3.75%, Floor 0.50%), 9/30/27

      44      $ 44,231  

Altar Bidco, Inc.:

 

   

Term Loan, 2/1/29(11)

      1,075        1,075,000  

Term Loan - Second Lien, 2/1/30(11)

      450        453,375  

 

10

 

 

                                                 
Borrower/Description    Principal
Amount*
(000’s omitted)		      Value  

Applied Systems, Inc., Term Loan - Second Lien, 6.25%, (3 mo. USD LIBOR + 5.50%, Floor 0.75%), 9/19/25

      2,424      $ 2,449,593  

Aptean, Inc., Term Loan, 4.355%, (1 mo. USD LIBOR + 4.25%), 4/23/26

      2,095        2,091,997  

AQA Acquisition Holding, Inc., Term Loan, 4.75%, (3 mo. USD LIBOR + 4.25%, Floor 0.50%), 3/3/28

      896        898,485  

Astra Acquisition Corp.:

 

   

Term Loan, 5.75%, (1 mo. USD LIBOR + 5.25%, Floor 0.50%), 10/25/28

      1,550        1,535,469  

Term Loan - Second Lien, 9.625%, (1 mo. USD LIBOR + 8.875%, Floor 0.75%), 10/22/29

      1,425        1,421,438  

Banff Merger Sub, Inc.:

 

   

Term Loan, 3.974%, (3 mo. USD LIBOR + 3.75%), 10/2/25

      3,456        3,445,687  

Term Loan, 4.00%, (3 mo. EURIBOR + 4.00%), 10/2/25

    EUR  267        300,756  

Term Loan - Second Lien, 6.00%, (3 mo. USD LIBOR + 5.50%, Floor 0.50%), 2/27/26

      750        756,329  

Barracuda Networks, Inc., Term Loan - Second Lien, 7.50%, (3 mo. USD LIBOR + 6.75%, Floor 0.75%), 10/30/28

      425        429,250  

Buzz Merger Sub, Ltd., Term Loan, 2.855%, (1 mo. USD LIBOR + 2.75%), 1/29/27

      540        539,531  

CentralSquare Technologies, LLC, Term Loan, 3.974%, (3 mo. USD LIBOR + 3.75%), 8/29/25

      800        766,096  

Chamberlain Group, Inc., Term Loan, 4.00%, (1 mo. USD LIBOR + 3.50%, Floor 0.50%), 11/3/28

      1,325        1,324,172  

Cloudera, Inc.:

 

   

Term Loan, 4.25%, (1 mo. USD LIBOR + 3.75%, Floor 0.50%), 10/8/28

      2,350        2,342,656  

Term Loan - Second Lien, 6.50%, (1 mo. USD LIBOR + 6.00%, Floor 0.50%), 10/8/29

      650        651,625  

Cohu, Inc., Term Loan, 3.519%, (6 mo. USD LIBOR + 3.00%), 10/1/25

      228        228,014  

Concorde Midco, Ltd., Term Loan, 4.00%, (6 mo. EURIBOR + 4.00%), 3/1/28

    EUR  525        591,470  

ConnectWise, LLC, Term Loan, 4.00%, (3 mo. USD LIBOR + 3.50%, Floor 0.50%), 9/29/28

      2,000        1,999,464  

Constant Contact, Inc., Term Loan, 4.75%, (3 mo. USD LIBOR + 4.00%, Floor 0.75%), 2/10/28

      1,868        1,865,858  

Cornerstone OnDemand, Inc., Term Loan, 4.25%, (6 mo. USD LIBOR + 3.75%, Floor 0.50%), 10/16/28

      1,150        1,149,641  

CPI International, Inc., Term Loan, 4.25%, (1 mo. USD LIBOR + 3.25%, Floor 1.00%), 7/26/24

      590        590,641  

Creation Technologies, Inc., Term Loan, 6.00%, (3 mo. USD LIBOR + 5.50%, Floor 0.50%), 10/5/28

      850        851,063  

Delta TopCo, Inc.:

 

   

Term Loan, 4.50%, (6 mo. USD LIBOR + 3.75%, Floor 0.75%), 12/1/27

      1,430        1,431,188  

Term Loan - Second Lien, 8.00%, (6 mo. USD LIBOR + 7.25%, Floor 0.75%), 12/1/28

      2,025        2,045,250  

DG Investment Intermediate Holdings 2, Inc., Term Loan, 4.25%, (1 mo. USD LIBOR + 3.50%, Floor 0.75%), 3/31/28

      995        997,132  

Digi International, Inc., Term Loan, 11/1/28(11)

      475        475,594  

E2open, LLC, Term Loan, 4.00%, (3 mo. USD LIBOR + 3.50%, Floor 0.50%), 2/4/28

      871        874,028  

ECI Macola Max Holding, LLC, Term Loan, 4.50%, (3 mo. USD LIBOR + 3.75%, Floor 0.75%), 11/9/27

      1,288        1,290,553  

Electro Rent Corporation, Term Loan, 6.00%, (3 mo. USD LIBOR + 5.00%, Floor 1.00%), 1/31/24

      1,579        1,580,980  

 

11

 

 

                                                 
Borrower/Description    Principal
Amount*
(000’s omitted)		      Value  

Epicor Software Corporation:

 

   

Term Loan, 4.00%, (1 mo. USD LIBOR + 3.25%, Floor 0.75%), 7/30/27

      2,268      $ 2,265,115  

Term Loan - Second Lien, 8.75%, (1 mo. USD LIBOR + 7.75%, Floor 1.00%), 7/31/28

      850        871,675  

EXC Holdings III Corp., Term Loan, 4.50%, (3 mo. USD LIBOR + 3.50%, Floor 1.00%), 12/2/24

      456        457,140  

Finastra USA, Inc., Term Loan, 4.50%, (6 mo. USD LIBOR + 3.50%, Floor 1.00%), 6/13/24

      4,683        4,672,700  

Gainwell Acquisition Corp., Term Loan, 4.75%, (3 mo. USD LIBOR + 4.00%, Floor 0.75%), 10/1/27

      3,883        3,897,993  

GoTo Group, Inc., Term Loan, 4.856%, (1 mo. USD LIBOR + 4.75%), 8/31/27

      1,856        1,844,648  

Hyland Software, Inc., Term Loan - Second Lien, 7.00%, (1 mo. USD LIBOR + 6.25%, Floor 0.75%), 7/7/25

      3,630        3,662,895  

II-VI Incorporated, Term Loan, 12/1/28(11)

      850        850,265  

Imperva, Inc., Term Loan, 5.00%, (3 mo. USD LIBOR + 4.00%, Floor 1.00%), 1/12/26

      2,333        2,335,353  

Imprivata, Inc., Term Loan, 4.00%, (3 mo. USD LIBOR + 3.50%, Floor 0.50%), 12/1/27

      2,167        2,166,598  

Informatica, LLC, Term Loan, 2.875%, (1 mo. USD LIBOR + 2.75%), 10/27/28

      2,275        2,270,261  

MA FinanceCo., LLC:

 

   

Term Loan, 4.50%, (3 mo. EURIBOR + 4.50%), 6/5/25

    EUR  674        760,354  

Term Loan, 5.25%, (3 mo. USD LIBOR + 4.25%, Floor 1.00%), 6/5/25

      1,684        1,686,480  

Magenta Buyer, LLC:

 

   

Term Loan, 5.75%, (3 mo. USD LIBOR + 5.00%, Floor 0.75%), 7/27/28

      4,264        4,264,312  

Term Loan - Second Lien, 9.00%, (3 mo. USD LIBOR + 8.25%, Floor 0.75%), 7/27/29

      1,150        1,144,250  

Marcel LUX IV S.a.r.l., Term Loan, 4.75%, (1 mo. USD LIBOR + 4.00%, Floor 0.75%), 12/31/27

      100        100,614  

Mavenir Systems, Inc., Term Loan, 5.25%, (3 mo. USD LIBOR + 4.75%, Floor 0.50%), 8/18/28

      325        325,406  

Mediaocean, LLC, Term Loan, 4.00%, (1 mo. USD LIBOR + 3.50%, Floor 0.50%), 12/15/28

      550        551,146  

MH Sub I, LLC, Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), 9/13/24

      324        324,245  

Mirion Technologies, Inc., Term Loan, 3.25%, (6 mo. USD LIBOR + 2.75%, Floor 0.50%), 10/20/28

      599        596,779  

MKS Instruments, Inc., Term Loan, 10/21/28(11)

    EUR  350        394,682  

Panther Commercial Holdings L.P., Term Loan, 5.00%, (3 mo. USD LIBOR + 4.50%, Floor 0.50%), 1/7/28

      896        897,430  

PointClickCare Technologies, Inc., Term Loan, 3.75%, (6 mo. USD LIBOR + 3.00%, Floor 0.75%), 12/29/27

      620        621,088  

Polaris Newco, LLC, Term Loan, 4.50%, (3 mo. USD LIBOR + 4.00%, Floor 0.50%), 6/2/28

      2,668        2,670,890  

Proofpoint, Inc., Term Loan, 3.75%, (3 mo. USD LIBOR + 3.25%, Floor 0.50%), 8/31/28

      3,000        2,986,458  

Rackspace Technology Global, Inc., Term Loan, 3.50%, (2 mo. USD LIBOR + 2.75%, Floor 0.75%), 2/15/28

      2,995        2,969,002  

RealPage, Inc., Term Loan, 3.75%, (1 mo. USD LIBOR + 3.25%, Floor 0.50%), 4/24/28

      4,638        4,619,372  

Recorded Books, Inc., Term Loan, 4.113%, (1 mo. USD LIBOR + 4.00%), 8/29/25

      2,280        2,281,425  

Redstone Holdco 2 L.P., Term Loan, 5.50%, (3 mo. USD LIBOR + 4.75%, Floor 0.75%), 4/27/28

      2,244        2,091,477  

 

12

 

 

                                                 
Borrower/Description    Principal
Amount*
(000’s omitted)		      Value  

Renaissance Holding Corp., Term Loan - Second Lien, 7.105%, (1 mo. USD LIBOR + 7.00%), 5/29/26

      175      $ 175,802  

Seattle Spinco, Inc., Term Loan, 2.855%, (1 mo. USD LIBOR + 2.75%), 6/21/24

      2,089        2,072,228  

Sophia L.P., Term Loan, 4.00%, (3 mo. USD LIBOR + 3.50%, Floor 0.50%), 10/7/27

      4,202        4,206,986  
Sovos Compliance, LLC:

 

   

Term Loan, 4.50%, 8/11/28(10)

      85        85,219  

Term Loan, 5.00%, (1 mo. USD LIBOR + 4.50%, Floor 0.50%), 8/11/28

      490        493,478  

SurveyMonkey, Inc., Term Loan, 3.86%, (1 mo. USD LIBOR + 3.75%), 10/10/25

      1,011        1,007,878  

Symplr Software, Inc., Term Loan, 5.25%, (3 mo. USD LIBOR + 4.50%, Floor 0.75%), 12/22/27

      794        796,564  
Tibco Software, Inc.:

 

   

Term Loan, 3.86%, (1 mo. USD LIBOR + 3.75%), 6/30/26

      2,463        2,462,295  

Term Loan - Second Lien, 7.36%, (1 mo. USD LIBOR + 7.25%), 3/3/28

      1,250        1,257,188  

TTM Technologies, Inc., Term Loan, 2.602%, (1 mo. USD LIBOR + 2.50%), 9/28/24

      139        139,226  

Turing Midco, LLC, Term Loan, 3.50%, (1 mo. USD LIBOR + 3.00%, Floor 0.50%), 3/23/28

      303        303,373  
Uber Technologies, Inc.:

 

   

Term Loan, 3.605%, (1 mo. USD LIBOR + 3.50%), 4/4/25

      4,953        4,950,616  

Term Loan, 3.605%, (1 mo. USD LIBOR + 3.50%), 2/25/27

      5        5,012  
Ultimate Software Group, Inc. (The):

 

   

Term Loan, 3.75%, (3 mo. USD LIBOR + 3.25%, Floor 0.50%), 5/4/26

      4,233        4,227,845  

Term Loan, 3.855%, (1 mo. USD LIBOR + 3.75%), 5/4/26

      1,562        1,561,523  

Ultra Clean Holdings, Inc., Term Loan, 3.855%, (1 mo. USD LIBOR + 3.75%), 8/27/25

      1,156        1,158,272  

Valkyr Purchaser, LLC, Term Loan, 4.75%, (3 mo. USD LIBOR + 4.00%, Floor 0.75%), 11/5/27

      744        746,701  

Verifone Systems, Inc., Term Loan, 4.178%, (3 mo. USD LIBOR + 4.00%), 8/20/25

      1,114        1,105,586  
Verisure Holding AB:

 

   

Term Loan, 3.25%, (6 mo. EURIBOR + 3.25%), 7/20/26

    EUR  300        335,087  

Term Loan, 3.25%, (6 mo. EURIBOR + 3.25%), 3/27/28

    EUR  775        865,015  
Veritas US, Inc.:

 

   

Term Loan, 5.75%, (3 mo. EURIBOR + 4.75%, Floor 1.00%), 9/1/25

    EUR  321        362,414  

Term Loan, 6.00%, (3 mo. USD LIBOR + 5.00%, Floor 1.00%), 9/1/25

      2,494        2,496,617  

Vision Solutions, Inc., Term Loan, 4.75%, (3 mo. USD LIBOR + 4.00%, Floor 0.75%), 4/24/28

      2,394        2,393,253  

VS Buyer, LLC, Term Loan, 3.105%, (1 mo. USD LIBOR + 3.00%), 2/28/27

      1,105        1,103,240  
     

 

 

  
      $ 125,388,037  
     

 

 

  

Equipment Leasing — 0.8%

 

Boels Topholding B.V., Term Loan, 3.25%, (3 mo. EURIBOR + 3.25%), 2/6/27

    EUR  575      $ 643,522  

Fly Funding II S.a.r.l., Term Loan, 7.00%, (3 mo. USD LIBOR + 6.00%, Floor 1.00%), 10/8/25

      1,080        1,083,513  

PECF USS Intermediate Holding III Corporation, Term Loan, 4.75%, (1 mo. USD LIBOR + 4.25%, Floor 0.50%), 12/15/28

      1,525        1,528,495  
     

 

 

  
      $ 3,255,530  
     

 

 

  

 

13

 

 

                                                 
Borrower/Description    Principal
Amount*
(000’s omitted)		      Value  

Financial Intermediaries — 4.8%

 

AllSpring Buyer, LLC, Term Loan, 11/1/28(11)

      1,353      $ 1,355,239  

Aretec Group, Inc., Term Loan, 4.355%, (1 mo. USD LIBOR + 4.25%), 10/1/25

      3,281        3,283,085  

CoreLogic, Inc., Term Loan, 4.00%, (1 mo. USD LIBOR + 3.50%, Floor 0.50%), 6/2/28

      2,880        2,870,079  

Edelman Financial Center, LLC, Term Loan, 4.25%, (1 mo. USD LIBOR + 3.50%, Floor 0.75%), 4/7/28

      2,490        2,487,036  

EIG Management Company, LLC, Term Loan, 4.50%, (1 mo. USD LIBOR + 3.75%, Floor 0.75%), 2/22/25

      241        240,324  
Focus Financial Partners, LLC:

 

   

Term Loan, 3.00%, (1 mo. USD LIBOR + 2.50%, Floor 0.50%), 6/24/28

      561        559,938  

Term Loan, 3.00%, (1 mo. USD LIBOR + 2.50%, Floor 0.50%), 6/30/28

      2,425        2,420,331  
GreenSky Holdings, LLC:

 

   

Term Loan, 3.375%, (1 mo. USD LIBOR + 3.25%), 3/31/25

      1,323        1,324,265  

Term Loan, 5.50%, (1 mo. USD LIBOR + 4.50%, Floor 1.00%), 3/29/25

      468        468,752  

Guggenheim Partners, LLC, Term Loan, 3.50%, (1 mo. USD LIBOR + 2.75%, Floor 0.75%), 7/21/23

      983        982,592  

KKR Apple Bidco, LLC, Term Loan, 3.50%, (1 mo. USD LIBOR + 3.00%, Floor 0.50%), 9/23/28

      1,650        1,648,452  
Mariner Wealth Advisors, LLC:

 

   

Term Loan, 3.45%, (3 mo. USD LIBOR + 3.25%, Floor 0.50%), 8/18/28(10)

      178        177,724  

Term Loan, 3.75%, (3 mo. USD LIBOR + 3.25%, Floor 0.50%), 8/18/28

      1,244        1,242,203  

Victory Capital Holdings, Inc., Term Loan, 2.466%, (3 mo. USD LIBOR + 2.25%), 7/1/26

      857        851,617  
     

 

 

  
      $ 19,911,637  
     

 

 

  

Food Products — 1.0%

 

8th Avenue Food & Provisions, Inc., Term Loan, 5.75%, (1 mo. USD LIBOR + 4.75%, Floor 1.00%), 10/1/25

      499      $ 486,282  

Alltech, Inc., Term Loan, 4.50%, (1 mo. USD LIBOR + 4.00%, Floor 0.50%), 10/13/28

      400        400,750  

Badger Buyer Corp., Term Loan, 4.50%, (1 mo. USD LIBOR + 3.50%, Floor 1.00%), 9/30/24

      335        298,261  

CHG PPC Parent, LLC, Term Loan, 3.50%, (1 mo. USD LIBOR + 3.00%, Floor 0.50%), 12/8/28

      400        401,500  

HLF Financing S.a.r.l., Term Loan, 2.605%, (1 mo. USD LIBOR + 2.50%), 8/18/25

      640        638,787  

Monogram Food Solutions, LLC, Term Loan, 4.50%, (1 mo. USD LIBOR + 4.00%, Floor 0.50%), 8/28/28

      450        450,000  

Shearer’s Foods, Inc., Term Loan, 4.25%, (1 mo. USD LIBOR + 3.50%, Floor 0.75%), 9/23/27

      395        394,434  

Simply Good Foods USA, Inc., Term Loan, 3.75%, (1 mo. USD LIBOR + 3.25%, Floor 0.50%), 7/7/24

      247        247,856  

United Petfood Group B.V., Term Loan, 3.25%, (6 mo. EURIBOR + 3.25%), 4/23/28

    EUR  700        781,172  

UTZ Quality Foods, LLC, Term Loan, 3.105%, (1 mo. USD LIBOR + 3.00%), 1/20/28

      149        148,199  
     

 

 

  
      $ 4,247,241  
     

 

 

  

 

14

 

 

                                                 
Borrower/Description    Principal
Amount*
(000’s omitted)		      Value  

Food Service — 1.3%

 

AI Aqua Merger Sub, Inc.:

 

   

Term Loan, 7/31/28(11)

      196      $ 196,167  

Term Loan, 7/31/28(11)

      2,004        2,010,708  
IRB Holding Corp.:

 

   

Term Loan, 4.25%, (3 mo. USD LIBOR + 3.25%, Floor 1.00%), 12/15/27

      2,426        2,425,500  

Term Loan, 12/15/27(11)

      50        49,985  

Sovos Brands Intermediate, Inc., Term Loan, 4.50%, (3 mo. USD LIBOR + 3.75%, Floor 0.75%), 6/8/28

      560        561,125  
     

 

 

  
      $ 5,243,485  
     

 

 

  

Food/Drug Retailers — 0.2%

 

L1R HB Finance Limited:

 

   

Term Loan, 4.25%, (3 mo. EURIBOR + 4.25%), 9/2/24

    EUR  400      $ 412,175  

Term Loan, 5.475%, (SONIA + 5.25%), 9/2/24

    GBP  400        490,284  
     

 

 

  
      $ 902,459  
     

 

 

  

Forest Products — 0.3%

 

Journey Personal Care Corp., Term Loan, 5.00%, (3 mo. USD LIBOR + 4.25%, Floor 0.75%), 3/1/28

      1,169      $ 1,167,664  
     

 

 

  
      $ 1,167,664  
     

 

 

  

Health Care — 12.1%

 

Accelerated Health Systems, LLC, Term Loan, 3.605%, (1 mo. USD LIBOR + 3.50%), 10/31/25

      509      $ 508,613  

AEA International Holdings (Lux) S.a.r.l., Term Loan, 4.25%, (3 mo. USD LIBOR + 3.75%, Floor 0.50%), 9/7/28

      875        876,094  

athenahealth, Inc., Term Loan, 4.40%, (3 mo. USD LIBOR + 4.25%), 2/11/26

      3,868        3,866,389  

Bayou Intermediate II, LLC, Term Loan, 5.25%, (3 mo. USD LIBOR + 4.50%, Floor 0.75%), 8/2/28

      800        801,000  

Biogroup-LCD, Term Loan, 3.00%, (6 mo. EURIBOR + 3.00%), 1/28/28

    EUR  225        249,266  

BW NHHC Holdco, Inc., Term Loan, 5.16%, (3 mo. USD LIBOR + 5.00%), 5/15/25

      2,162        1,838,937  

Cano Health, LLC, Term Loan, 4.50%, (SOFR + 4.00%, Floor 0.50%), 11/23/27

      2,495        2,498,053  

CCRR Parent, Inc., Term Loan, 4.50%, (3 mo. USD LIBOR + 3.75%, Floor 0.75%), 3/6/28

      571        573,739  

Cerba Healthcare S.A.S., Term Loan, 3.75%, (3 mo. EURIBOR + 3.75%), 6/30/28

    EUR  450        505,652  

Certara L.P., Term Loan, 3.605%, (1 mo. USD LIBOR + 3.50%), 8/15/26

      957        956,676  

CHG Healthcare Services, Inc., Term Loan, 4.00%, (3 mo. USD LIBOR + 3.50%, Floor 0.50%), 9/29/28

      923        925,110  

CryoLife, Inc., Term Loan, 4.50%, (3 mo. USD LIBOR + 3.50%, Floor 1.00%), 6/1/27

      480        480,600  

Electron BidCo, Inc., Term Loan, 3.75%, (3 mo. USD LIBOR + 3.25%, Floor 0.50%), 11/1/28

      675        674,842  

Envision Healthcare Corporation, Term Loan, 3.855%, (1 mo. USD LIBOR + 3.75%), 10/10/25

      2,726        2,118,865  

eResearchTechnology, Inc., Term Loan, 5.50%, (1 mo. USD LIBOR + 4.50%, Floor 1.00%), 2/4/27

      323        323,804  

GHX Ultimate Parent Corporation, Term Loan, 4.25%, (3 mo. USD LIBOR + 3.25%, Floor 1.00%), 6/28/24

      862        861,698  

Hanger, Inc., Term Loan, 3.605%, (1 mo. USD LIBOR + 3.50%), 3/6/25

      1,011        1,009,993  

 

15

 

 

                                                 
Borrower/Description    Principal
Amount*
(000’s omitted)		      Value  

IVC Acquisition Ltd., Term Loan, 4.00%, (1 mo. EURIBOR + 4.00%), 2/13/26

    EUR  1,325      $ 1,491,629  

LSCS Holdings, Inc., Term Loan, 5.00%, (3 mo. USD LIBOR + 4.50%, Floor 0.50%), 12/18/28

      625        627,539  

MDVIP, Inc., Term Loan, 4.25%, (1 mo. USD LIBOR + 3.75%, Floor 0.50%), 10/16/28

      250        250,260  

Medical Solutions, LLC:

 

   

Term Loan, 3.50%, 11/1/28(10)

      200        200,054  

Term Loan, 4.00%, (6 mo. USD LIBOR + 3.50%, Floor 0.50%), 11/1/28

      1,050        1,050,281  

Medline Borrower, L.P., Term Loan, 10/23/28(11)

      2,500        2,492,970  

Midwest Physician Administrative Services, LLC, Term Loan, 4.00%, (3 mo. USD LIBOR + 3.25%, Floor 0.75%), 3/12/28

      521        519,630  

MJH Healthcare Holdings, LLC, Term Loan, 1/28/29(11)

      250        249,531  

National Mentor Holdings, Inc.:

 

   

Term Loan, 3.75%, 3/2/28(10)

      89        87,861  

Term Loan, 4.50%, (3 mo. USD LIBOR + 3.75%, Floor 0.75%), 3/2/28

      60        59,607  

Term Loan, 4.50%, (USD LIBOR + 3.75%, Floor 0.75%), 3/2/28(9)

      2,101        2,081,313  

Navicure, Inc., Term Loan, 4.105%, (1 mo. USD LIBOR + 4.00%), 10/22/26

      1,413        1,413,693  

Option Care Health, Inc., Term Loan, 3.25%, (1 mo. USD LIBOR + 2.75%, Floor 0.50%), 10/27/28

      350        350,146  

Ortho-Clinical Diagnostics S.A., Term Loan, 3.50%, (3 mo. EURIBOR + 3.50%), 6/30/25

    EUR  350        393,677  

Pacific Dental Services, LLC, Term Loan, 4.00%, (1 mo. USD LIBOR + 3.25%, Floor 0.75%), 5/5/28

      547        548,105  

Pearl Intermediate Parent, LLC, Term Loan - Second Lien, 6.355%, (1 mo. USD LIBOR + 6.25%), 2/13/26

      150        150,938  

PetVet Care Centers, LLC, Term Loan, 4.25%, (1 mo. USD LIBOR + 3.50%, Floor 0.75%), 2/14/25

      298        297,983  

Phoenix Guarantor, Inc.:

 

   

Term Loan, 3.355%, (1 mo. USD LIBOR + 3.25%), 3/5/26

      2,985        2,972,513  

Term Loan, 3.604%, (1 mo. USD LIBOR + 3.50%), 3/5/26

      1,443        1,436,807  

Project Ruby Ultimate Parent Corp., Term Loan, 4.00%, (1 mo. USD LIBOR + 3.25%, Floor 0.75%), 3/3/28

      1,117        1,114,768  

Radiology Partners, Inc., Term Loan, 4.355%, (1 mo. USD LIBOR + 4.25%), 7/9/25

      1,213        1,201,191  

Radnet Management, Inc., Term Loan, 3.754%, (USD LIBOR + 3.00%, Floor 0.75%), 4/21/28(9)

      2,488        2,486,724  

Sotera Health Holdings, LLC, Term Loan, 3.25%, (3 mo. USD LIBOR + 2.75%, Floor 0.50%), 12/11/26

      625        624,121  

Sound Inpatient Physicians, Term Loan, 2.855%, (1 mo. USD LIBOR + 2.75%), 6/27/25

      434        432,486  

Sunshine Luxembourg VII S.a.r.l., Term Loan, 4.50%, (3 mo. USD LIBOR + 3.75%, Floor 0.75%), 10/1/26

      1,141        1,147,388  

Surgery Center Holdings, Inc., Term Loan, 4.50%, (1 mo. USD LIBOR + 3.75%, Floor 0.75%), 8/31/26

      2,463        2,463,362  

Synlab Bondco PLC, Term Loan, 2.50%, (6 mo. EURIBOR + 2.50%), 7/1/27

    EUR  300        335,624  

Team Health Holdings, Inc., Term Loan, 3.75%, (1 mo. USD LIBOR + 2.75%, Floor 1.00%), 2/6/24

      1,825        1,758,806  

U.S. Anesthesia Partners, Inc., Term Loan, 4.75%, (6 mo. USD LIBOR + 4.25%, Floor 0.50%), 10/1/28

      923        921,726  

Verscend Holding Corp., Term Loan, 4.105%, (1 mo. USD LIBOR + 4.00%), 8/27/25

      1,465        1,466,453  

WP CityMD Bidco, LLC, Term Loan, 3.75%, (6 mo. USD LIBOR + 3.25%, Floor 0.50%), 12/22/28

      575        575,154  
     

 

 

  
      $ 50,271,671  
     

 

 

  

 

16

 

 

                                                 
Borrower/Description    Principal
Amount*
(000’s omitted)		      Value  

Home Furnishings — 2.1%

 

ACProducts, Inc., Term Loan, 4.75%, (6 mo. USD LIBOR + 4.25%, Floor 0.50%), 5/17/28

      1,940      $ 1,932,671  

Conair Holdings, LLC, Term Loan, 4.25%, (3 mo. USD LIBOR + 3.75%, Floor 0.50%), 5/17/28

      2,195        2,196,100  

Mattress Firm, Inc., Term Loan, 5.00%, (6 mo. USD LIBOR + 4.25%, Floor 0.75%), 9/25/28

      1,047        1,047,637  
Serta Simmons Bedding, LLC:

 

   

Term Loan, 8.50%, (1 mo. USD LIBOR + 7.50%, Floor 1.00%), 8/10/23

      1,058        1,069,319  

Term Loan - Second Lien, 8.50%, (1 mo. USD LIBOR + 7.50%, Floor 1.00%), 8/10/23

      2,444        2,343,000  
     

 

 

  
      $ 8,588,727  
     

 

 

  

Industrial Equipment — 6.5%

 

Albion Financing 3 S.a.r.l., Term Loan, 5.75%, (3 mo. USD LIBOR + 5.25%, Floor 0.50%), 8/17/26

      1,350      $ 1,349,579  

Alliance Laundry Systems, LLC, Term Loan, 4.25%, (3 mo. USD LIBOR + 3.50%, Floor 0.75%), 10/8/27

      2,121        2,124,887  

American Trailer World Corp., Term Loan, 4.50%, (1 mo. USD LIBOR + 3.75%, Floor 0.75%), 3/3/28

      597        595,756  

Apex Tool Group, LLC, Term Loan, 6.75%, (1 mo. USD LIBOR + 5.50%, Floor 1.25%), 8/1/24

      2,649        2,643,884  

CPM Holdings, Inc., Term Loan, 3.606%, (1 mo. USD LIBOR + 3.50%), 11/17/25

      1,990        1,984,518  
Delachaux Group S.A.:

 

   

Term Loan, 3.75%, (3 mo. EURIBOR + 3.75%), 4/16/26

    EUR  332        373,324  

Term Loan, 4.799%, (3 mo. USD LIBOR + 4.50%), 4/16/26

      425        423,921  
DexKo Global, Inc.:

 

   

Term Loan, 3.878%, (3 mo. USD LIBOR + 3.75%, Floor 0.50%), 10/4/28(10)

      112        112,035  

Term Loan, 4.00%, (3 mo. EURIBOR + 4.00%), 10/4/28

    EUR  240        269,317  

Term Loan, 4.00%, (3 mo. EURIBOR + 4.00%), 10/4/28

    EUR  461        517,890  

Term Loan, 4.00%, 10/4/28(10)

    EUR 74        83,331  

Term Loan, 4.25%, (3 mo. USD LIBOR + 3.75%, Floor 0.50%), 10/4/28

      588        588,183  

DXP Enterprises, Inc., Term Loan, 5.75%, (1 mo. USD LIBOR + 4.75%, Floor 1.00%), 12/16/27

      619        617,783  

Dynacast International, LLC, Term Loan, 10.25%, (3 mo. USD LIBOR + 9.25%, Floor 1.00%), 10/22/25

      335        341,300  

Engineered Machinery Holdings, Inc., Term Loan, 4.50%, (3 mo. USD LIBOR + 3.75%, Floor 0.75%), 5/19/28

      2,718        2,727,184  
Filtration Group Corporation:

 

   

Term Loan, 3.50%, (3 mo. EURIBOR + 3.50%), 3/29/25

    EUR  361        404,331  

Term Loan, 4.00%, (1 mo. USD LIBOR + 3.50%, Floor 0.50%), 10/21/28

      648        648,713  

GrafTech Finance, Inc., Term Loan, 3.50%, (1 mo. USD LIBOR + 3.00%, Floor 0.50%), 2/12/25

      1,646        1,647,624  

Granite Holdings US Acquisition Co., Term Loan, 4.224%, (3 mo. USD LIBOR + 4.00%), 9/30/26

      1,314        1,312,523  
LTI Holdings, Inc.:

 

   

Term Loan, 4.855%, (1 mo. USD LIBOR + 4.75%), 7/24/26

      206        206,250  

Term Loan, 4.855%, (1 mo. USD LIBOR + 4.75%), 7/24/26

      342        342,031  

Madison IAQ, LLC, Term Loan, 3.75%, (6 mo. USD LIBOR + 3.25%, Floor 0.50%), 6/21/28

      2,481        2,475,321  

Robertshaw US Holding Corp., Term Loan, 4.50%, (USD LIBOR + 3.50%, Floor 1.00%), 2/28/25(9)

      938        887,762  

 

17

 

 

                                                 
Borrower/Description    Principal
Amount*
(000’s omitted)		      Value  

Tiger Acquisition, LLC, Term Loan, 3.75%, (3 mo. USD LIBOR + 3.25%, Floor 0.50%), 6/1/28

      547      $ 542,804  

Titan Acquisition Limited, Term Loan, 3.354%, (6 mo. USD LIBOR + 3.00%), 3/28/25

      1,995        1,970,715  

Vertical US Newco, Inc., Term Loan, 4.00%, (6 mo. USD LIBOR + 3.50%, Floor 0.50%), 7/30/27

      1,210        1,211,493  

Zephyr German BidCo GmbH, Term Loan, 3.65%, (3 mo. EURIBOR + 3.65%), 3/10/28

    EUR  600        674,439  
     

 

 

  
      $ 27,076,898  
     

 

 

  

Insurance — 5.7%

 

Alliant Holdings Intermediate, LLC, Term Loan, 3.355%, (1 mo. USD LIBOR + 3.25%), 5/9/25

      2,258      $ 2,241,080  
AssuredPartners, Inc.:

 

   

Term Loan, 3.605%, (1 mo. USD LIBOR + 3.50%), 2/12/27

      1,393        1,386,146  

Term Loan, 4.00%, (1 mo. USD LIBOR + 3.50%, Floor 0.50%), 2/12/27

      1,393        1,392,138  
Asurion, LLC:

 

   

Term Loan, 3.23%, (1 mo. USD LIBOR + 3.13%), 11/3/23

      1,109        1,107,440  

Term Loan, 3.355%, (1 mo. USD LIBOR + 3.25%), 12/23/26

      1,168        1,161,942  

Term Loan, 3.355%, (1 mo. USD LIBOR + 3.25%), 7/31/27

      1,492        1,484,553  

Term Loan - Second Lien, 5.355%, (1 mo. USD LIBOR + 5.25%), 1/31/28

      1,830        1,834,575  

Financiere CEP S.A.S., Term Loan, 4.00%, (3 mo. EURIBOR + 4.00%), 6/18/27

    EUR  500        563,539  

Hub International Limited, Term Loan, 4.00%, (3 mo. USD LIBOR + 3.25%, Floor 0.75%), 4/25/25

      3,980        3,980,107  

NFP Corp., Term Loan, 3.355%, (1 mo. USD LIBOR + 3.25%), 2/15/27

      2,189        2,169,708  

Ryan Specialty Group, LLC, Term Loan, 3.75%, (1 mo. USD LIBOR + 3.00%, Floor 0.75%), 9/1/27

      2,985        2,985,352  

Sedgwick Claims Management Services, Inc., Term Loan, 3.355%, (1 mo. USD LIBOR + 3.25%), 12/31/25

      1,144        1,138,382  

USI, Inc., Term Loan, 3.474%, (3 mo. USD LIBOR + 3.25%), 12/2/26

      1,990        1,981,988  
     

 

 

  
      $ 23,426,950  
     

 

 

  

Leisure Goods/Activities/Movies — 5.3%

 

AMC Entertainment Holdings, Inc., Term Loan, 3.104%, (1 mo. USD LIBOR + 3.00%), 4/22/26

      1,726      $ 1,543,319  

Amer Sports Oyj, Term Loan, 4.50%, (3 mo. EURIBOR + 4.50%), 3/30/26

    EUR  1,650        1,857,169  
Carnival Corporation:

 

   

Term Loan, 3.75%, (6 mo. USD LIBOR + 3.00%, Floor 0.75%), 6/30/25

      1,281        1,270,576  

Term Loan, 4.00%, (6 mo. USD LIBOR + 3.25%, Floor 0.75%), 10/18/28

      2,300        2,282,750  

City Football Group Limited, Term Loan, 4.00%, (6 mo. USD LIBOR + 3.50%, Floor 0.50%), 7/21/28

      2,000        1,997,500  

ClubCorp Holdings, Inc., Term Loan, 2.97%, (3 mo. USD LIBOR + 2.75%), 9/18/24

      1,492        1,444,060  
Crown Finance US, Inc.:

 

   

Term Loan, 3.50%, (6 mo. USD LIBOR + 2.50%, Floor 1.00%), 2/28/25

      1,913        1,461,243  

Term Loan, 3.75%, (6 mo. USD LIBOR + 2.75%, Floor 1.00%), 9/30/26

      1,372        1,026,233  

Term Loan, 15.25%, (7.00% cash, 8.25% PIK), 5/23/24(12)

      478        566,061  

 

18

 

 

                                                 
Borrower/Description    Principal
Amount*
(000’s omitted)		      Value  

Fender Musical Instruments Corporation, Term Loan, 4.50%, (SOFR + 4.00%, Floor 0.50%), 12/1/28

      274      $ 274,699  
Lindblad Expeditions, Inc.:

 

   

Term Loan, 6.00%, (1 mo. USD LIBOR + 5.25% Floor 0.75%), 4.75% cash, 1.25% PIK, 3/27/25

      336        335,720  

Term Loan, 6.00%, (1 mo. USD LIBOR + 5.25%, Floor 0.75%), 4.75% cash, 1.25% PIK, 3/27/25

      1,345        1,342,878  

Match Group, Inc., Term Loan, 1.908%, (3 mo. USD LIBOR + 1.75%), 2/13/27

      700        690,958  

Sandy BidCo B.V., Term Loan, 6/12/28(11)

    EUR  925        1,042,810  

SeaWorld Parks & Entertainment, Inc., Term Loan, 3.50%, (1 mo. USD LIBOR + 3.00%, Floor 0.50%), 8/25/28

      748        748,926  

Travel Leaders Group, LLC, Term Loan, 4.105%, (1 mo. USD LIBOR + 4.00%), 1/25/24

      1,607        1,548,766  

UFC Holdings, LLC, Term Loan, 3.50%, (6 mo. USD LIBOR + 2.75%, Floor 0.75%), 4/29/26

      1,790        1,778,563  

Vue International Bidco PLC, Term Loan, 4.75%, (6 mo. EURIBOR + 4.75%), 7/3/26

    EUR  615        653,691  
     

 

 

  
      $ 21,865,922  
     

 

 

  

Lodging and Casinos — 1.3%

 

Boyd Gaming Corporation, Term Loan, 2.354%, (1 mo. USD LIBOR + 2.25%), 9/15/23

      608      $ 608,278  

Oravel Stays Singapore Pte. Ltd., Term Loan, 9.00%, (3 mo. USD LIBOR + 8.25%, Floor 0.75%), 6/23/26

      597        628,343  

Playa Resorts Holding B.V., Term Loan, 3.75%, (1 mo. USD LIBOR + 2.75%, Floor 1.00%), 4/29/24

      1,142        1,123,570  

Raptor Acquisition Corp., Term Loan, 4.75%, (3 mo. USD LIBOR + 4.00%, Floor 0.75%), 11/1/26

      1,525        1,529,924  

Sportradar Capital S.a.r.l., Term Loan, 3.50%, (6 mo. EURIBOR + 3.50%), 11/22/27

    EUR  500        560,672  

Twin River Worldwide Holdings, Inc., Term Loan, 3.75%, (6 mo. USD LIBOR + 3.25%, Floor 0.50%), 10/2/28

      975        975,542  
     

 

 

  
      $ 5,426,329  
     

 

 

  

Nonferrous Metals/Minerals — 0.2%

 

Oxbow Carbon, LLC, Term Loan, 5.00%, (1 mo. USD LIBOR + 4.25%, Floor 0.75%), 10/17/25

      703      $ 704,883  
     

 

 

  
      $ 704,883  
     

 

 

  

Oil and Gas — 4.3%

 

Ameriforge Group, Inc., Term Loan, 12.587%, (1 mo. USD LIBOR + 13.00%, Floor 1.00%), 12/29/23(10)

      50      $ 25,067  

Apergy Corporation, Term Loan, 2.625%, (1 mo. USD LIBOR + 2.50%), 5/9/25

      118        117,925  
Centurion Pipeline Company, LLC:

 

   

Term Loan, 3.355%, (1 mo. USD LIBOR + 3.25%), 9/29/25

      243        241,692  

Term Loan, 4.105%, (1 mo. USD LIBOR + 4.00%), 9/28/25

      223        221,775  

CITGO Holding, Inc., Term Loan, 8.00%, (1 mo. USD LIBOR + 7.00%, Floor 1.00%), 8/1/23

      1,155        1,148,463  

CITGO Petroleum Corporation, Term Loan, 7.25%, (1 mo. USD LIBOR + 6.25%, Floor 1.00%), 3/28/24

      4,541        4,555,775  

CQP Holdco L.P., Term Loan, 4.25%, (3 mo. USD LIBOR + 3.75%, Floor 0.50%), 6/5/28

      2,940        2,941,769  

 

19

 

 

                                                 
Borrower/Description    Principal
Amount*
(000’s omitted)		      Value  

Delek US Holdings, Inc., Term Loan, 6.50%, (1 mo. USD LIBOR + 5.50%, Floor 1.00%), 3/31/25

      565      $ 567,292  

Freeport LNG Investments, LLLP, Term Loan, 4.00%, (6 mo. USD LIBOR + 3.50%, Floor 0.50%), 12/21/28

      600        598,125  

Matador Bidco S.a.r.l., Term Loan, 4.855%, (1 mo. USD LIBOR + 4.75%), 10/15/26

      3,719        3,728,059  

Oryx Midstream Services Permian Basin, LLC, Term Loan, 3.75%, (3 mo. USD LIBOR + 3.25%, Floor 0.50%), 10/5/28

      700        699,611  

QuarterNorth Energy Holding, Inc., Term Loan - Second Lien, 9.00%, (3 mo. USD LIBOR + 8.00%, Floor 1.00%), 8/27/26

      755        758,138  

UGI Energy Services, LLC, Term Loan, 3.855%, (1 mo. USD LIBOR + 3.75%), 8/13/26

      1,990        1,996,014  
     

 

 

  
      $ 17,599,705  
     

 

 

  

Publishing — 1.2%

 

Adevinta ASA:

 

   

Term Loan, 3.00%, (3 mo. EURIBOR + 3.00%), 6/26/28

    EUR  1,150      $ 1,289,777  

Term Loan, 3.50%, (3 mo. USD LIBOR + 2.75%, Floor 0.75%), 6/26/28

      299        298,276  

Alchemy Copyrights, LLC, Term Loan, 3.50%, (1 mo. USD LIBOR + 3.00%, Floor 0.50%), 3/10/28

      494        494,379  

Ascend Learning, LLC, Term Loan, 4.00%, (1 mo. USD LIBOR + 3.50%, Floor 0.50%), 12/11/28

      550        550,301  

Getty Images, Inc., Term Loan, 4.625%, (1 mo. USD LIBOR + 4.50%), 2/19/26

      1,559        1,561,596  

LABL, Inc., Term Loan, 5.50%, (1 mo. USD LIBOR + 5.00%, Floor 0.50%), 10/29/28

      625        629,074  
     

 

 

  
      $ 4,823,403  
     

 

 

  

Radio and Television — 2.0%

 

CMG Media Corporation., Term Loan, 3.605%, (1 mo. USD LIBOR + 3.50%), 12/17/26

      2,239      $ 2,226,101  
Gray Television, Inc.:

 

   

Term Loan, 2.602%, (1 mo. USD LIBOR + 2.50%), 2/7/24

      209        208,325  

Term Loan, 2.602%, (1 mo. USD LIBOR + 2.50%), 1/2/26

      595        592,845  

Term Loan, 3.102%, (1 mo. USD LIBOR + 3.00%), 12/1/28

      825        823,866  

Hubbard Radio, LLC, Term Loan, 5.25%, (1 mo. USD LIBOR + 4.25%, Floor 1.00%), 3/28/25

      646        647,906  

Nexstar Broadcasting, Inc., Term Loan, 2.602%, (1 mo. USD LIBOR + 2.50%), 9/18/26

      431        431,002  
Sinclair Television Group, Inc.:

 

   

Term Loan, 2.61%, (1 mo. USD LIBOR + 2.50%), 9/30/26

      587        571,911  

Term Loan, 3.11%, (1 mo. USD LIBOR + 3.00%), 4/1/28

      391        386,539  

Univision Communications, Inc., Term Loan, 4.00%, (1 mo. USD LIBOR + 3.25%, Floor 0.75%), 3/15/26

      2,189        2,188,218  
     

 

 

  
      $ 8,076,713  
     

 

 

  

Retailers (Except Food and Drug) — 3.3%

 

CNT Holdings I Corp., Term Loan, 4.25%, (6 mo. USD LIBOR + 3.50%, Floor 0.75%), 11/8/27

      1,545      $ 1,546,011  

Gloves Buyer, Inc., Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), 12/29/27

      1,643        1,639,003  

Great Outdoors Group, LLC, Term Loan, 4.50%, (3 mo. USD LIBOR + 3.75%, Floor 0.75%), 3/6/28

      2,673        2,678,619  

Harbor Freight Tools USA, Inc., Term Loan, 3.25%, (1 mo. USD LIBOR + 2.75%, Floor 0.50%), 10/19/27

      2,736        2,729,475  

 

20

 

 

                                                 
Borrower/Description    Principal
Amount*
(000’s omitted)		      Value  
Hoya Midco, LLC:

 

   

Term Loan, 4.50%, (1 mo. USD LIBOR + 3.50%, Floor 1.00%), 6/30/24

      1,472      $ 1,473,765  

Term Loan, 2/3/29(11)

      75        74,625  

LIDS Holdings, Inc., Term Loan, 6.50%, (1 mo. USD LIBOR + 5.50%, Floor 1.00%), 12/14/26

      450        443,250  

PetSmart, Inc., Term Loan, 4.50%, (6 mo. USD LIBOR + 3.75%, Floor 0.75%), 2/11/28

      3,035        3,033,803  

Phillips Feed Service, Inc., Term Loan, 8.00%, (3 mo. USD LIBOR + 7.00%, Floor 1.00%), 11/13/24(4)

      103        82,326  
     

 

 

  
      $ 13,700,877  
     

 

 

  

Steel — 0.4%

 

Phoenix Services International, LLC, Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), 3/1/25

      818      $ 813,523  

TMS International Corp., Term Loan, 3.75%, (1 mo. USD LIBOR + 2.75%, Floor 1.00%), 8/14/24

      248        246,572  

Zekelman Industries, Inc., Term Loan, 2.109%, (1 mo. USD LIBOR + 2.00%), 1/24/27

      557        552,599  
     

 

 

  
      $ 1,612,694  
     

 

 

  

Surface Transport — 1.2%

 

Kenan Advantage Group, Inc., Term Loan, 4.50%, (3 mo. USD LIBOR + 3.75%, Floor 0.75%), 3/24/26

      2,401      $ 2,408,252  

PODS, LLC, Term Loan, 3.75%, (1 mo. USD LIBOR + 3.00%, Floor 0.75%), 3/31/28

      2,488        2,484,737  
     

 

 

  
   $ 4,892,989  
     

 

 

  

Telecommunications — 2.4%

 

Avaya, Inc., Term Loan, 4.106%, (1 mo. USD LIBOR + 4.00%), 12/15/27

      225      $ 225,502  

Digicel International Finance Limited, Term Loan, 3.50%, (6 mo. USD LIBOR + 3.25%), 5/28/24

      1,436        1,404,396  
GEE Holdings 2, LLC:

 

   

Term Loan, 9.00%, (3 mo. USD LIBOR + 8.00%, Floor 1.00%), 3/24/25

      398        390,366  

Term Loan - Second Lien, 9.25%, (3 mo. USD LIBOR + 8.25%, Floor 1.00%), 2.50% cash, 6.75% PIK, 3/23/26

      808        694,501  
Intelsat Jackson Holdings S.A.:

 

   

DIP Loan, 5.392%, (3 mo. USD LIBOR + 4.75%, Floor 1.00%), 10/13/22(10)

      1,425        1,424,332  

Term Loan, 8.00%, (USD Prime + 4.75%), 11/27/23

      1,750        1,750,000  

Term Loan, 8.75%, (USD Prime + 5.50%), 1/2/24

      1,700        1,701,700  

Syniverse Holdings, Inc., Term Loan, 6.00%, (3 mo. USD LIBOR + 5.00%, Floor 1.00%), 3/9/23

      938        937,432  

Zayo Group Holdings, Inc., Term Loan, 3.25%, (1 mo. EURIBOR + 3.25%), 3/9/27

    EUR  1,415        1,579,278  
     

 

 

  
   $ 10,107,507  
     

 

 

  

Utilities — 0.8%

 

Calpine Construction Finance Company L.P., Term Loan, 2.105%, (1 mo. USD LIBOR + 2.00%), 1/15/25

      855      $ 849,134  

USIC Holdings, Inc., Term Loan, 4.25%, (1 mo. USD LIBOR + 3.50%, Floor 0.75%), 5/12/28

      2,294        2,290,809  
     

 

 

  
   $ 3,139,943  
     

 

 

  

Total Senior Floating-Rate Loans
(identified cost $582,962,991)

       $ 581,848,240  
     

 

 

  

 

21

 

 

                                                 

Warrants — 0.0%

 

Security    Shares      Value  

Leisure Goods/Activities/Movies — 0.0%

 

Cineworld Group PLC, Exp. 11/23/25(3)(5)

      139,907      $ 0  
     

 

 

  
   $ 0  
     

 

 

  

Retailers (Except Food and Drug) — 0.0%

 

David’s Bridal, LLC, Exp. 11/26/22(3)(4)(5)

      4,339      $ 0  
     

 

 

  
   $ 0  
     

 

 

  

Total Warrants
(identified cost $0)

       $ 0  
     

 

 

  

Short-Term Investments — 2.9%

 

Description    Units      Value  
Eaton Vance Cash Reserves Fund, LLC, 0.08%(13)      11,894,836      $ 11,893,647  
     

 

 

  

Total Short-Term Investments
(identified cost $11,893,647)

       $ 11,893,647  
     

 

 

  

Total Investments — 153.7%
(identified cost $638,642,229)

       $ 636,035,145  
     

 

 

  

Less Unfunded Loan Commitments — (0.3)%

       $ (1,331,607 ) 
     

 

 

  

Net Investments — 153.4%
(identified cost $637,310,622)

       $ 634,703,538  
     

 

 

  

Other Assets, Less Liabilities — (35.1)%

       $ (145,188,074 ) 
     

 

 

  

Auction Preferred Shares Plus Cumulative Unpaid Dividends — (18.3)%

       $ (75,809,639 ) 
     

 

 

  

Net Assets Applicable to Common Shares — 100.0%

       $ 413,705,825  
     

 

 

  

The percentage shown for each investment category in the Portfolio of Investments is based on net assets applicable to common shares.

 

*

In U.S. dollars unless otherwise indicated.

 

(1)

Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At January 31, 2022, the aggregate value of these securities is $28,376,915 or 6.9% of the Trust’s net assets applicable to common shares.

 

(2)

Variable rate security. The stated interest rate represents the rate in effect at January 31, 2022.

 

(3)

Security was acquired in connection with a restructuring of a Senior Loan and may be subject to restrictions on resale.

 

(4)

For fair value measurement disclosure purposes, security is categorized as Level 3.

 

22

 

 

(5)

Non-income producing security.

 

(6)

Restricted security.

 

(7)

Amount is less than 0.05%.

 

(8)

Senior floating-rate loans (Senior Loans) often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, Senior Loans will typically have an expected average life of approximately two to four years. Senior Loans typically have rates of interest which are redetermined periodically by reference to a base lending rate, plus a spread. These base lending rates are primarily the London Interbank Offered Rate (“LIBOR”) and secondarily, the prime rate offered by one or more major United States banks (the “Prime Rate”). Base lending rates may be subject to a floor, or a minimum rate. Senior Loans are generally subject to contractual restrictions that must be satisfied before they can be bought or sold.

 

(9)

The stated interest rate represents the weighted average interest rate at January 31, 2022 of contracts within the senior loan facility. Interest rates on contracts are primarily redetermined either weekly, monthly or quarterly by reference to the indicated base lending rate and spread and the reset period.

 

(10)

Unfunded or partially unfunded loan commitments. The Trust may enter into certain loan agreements all or a portion of which may be unfunded. The Trust is obligated to fund these commitments at the borrower’s discretion. The stated interest rate reflects the weighted average of the reference rate and spread for the funded portion, if any, and the commitment fees on the portion of the loan that is unfunded. At January 31, 2022, the total value of unfunded loan commitments is $1,328,071.

 

(11)

This Senior Loan will settle after January 31, 2022, at which time the interest rate will be determined.

 

(12)

Fixed-rate loan.

 

(13)

Affiliated investment company, available to Eaton Vance portfolios and funds, which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of January 31, 2022.

Forward Foreign Currency Exchange Contracts

 

Currency
Purchased		      Currency
Sold		     

Counterparty

    Settlement 
Date		      Unrealized
Appreciation		      Unrealized
(Depreciation)		  
USD      11,102,560      EUR      9,757,627      Standard Chartered Bank      2/2/22      $ 140,351      $ —  
USD      7,655,164      EUR      6,765,274      State Street Bank and Trust Company      2/28/22        50,771        —  
USD      2,284,780      EUR      2,018,719      State Street Bank and Trust Company      2/28/22        15,673        —  
USD      1,101,900      EUR      973,635      State Street Bank and Trust Company      2/28/22        7,502        —  
USD      1,943,227      EUR      1,743,494      JPMorgan Chase Bank, N.A.      3/2/22        —        (16,597 ) 
USD      10,944,255      EUR      9,757,627      Standard Chartered Bank      3/2/22        —        (24,083 ) 
USD      1,698,844      EUR      1,522,789      JPMorgan Chase Bank, N.A.      3/31/22        —        (14,193 ) 
USD      1,276,502      EUR      1,142,092      State Street Bank and Trust Company      3/31/22        —        (8,276 ) 
USD      1,272,615      EUR      1,142,092      State Street Bank and Trust Company      3/31/22        —        (12,163 ) 
USD      2,265,572      EUR      2,030,385      State Street Bank and Trust Company      3/31/22        —        (18,478 ) 
USD      2,545,910      EUR      2,284,183      State Street Bank and Trust Company      3/31/22        —        (23,646 ) 
USD      283,930      GBP      210,000      HSBC Bank USA, N.A.      3/31/22        1,594        —  
USD      739,013      GBP      552,120      State Street Bank and Trust Company      3/31/22        —        (3,289 ) 
USD      738,495      GBP      552,120      State Street Bank and Trust Company      3/31/22        —        (3,807 ) 
USD      1,476,114      GBP      1,104,241      State Street Bank and Trust Company      3/31/22        —        (8,489 ) 
                 

 

 

     

 

 

  
   $     215,891      $     (133,021 ) 
                 

 

 

     

 

 

  

 

23

 

 

Abbreviations:

 

DIP   -   Debtor In Possession
EURIBOR   -   Euro Interbank Offered Rate
LIBOR   -   London Interbank Offered Rate
PIK   -   Payment In Kind
SOFR   -   Secured Overnight Financing Rate
SONIA   -   Sterling Overnight Interbank Average

Currency Abbreviations:

 

EUR     -     Euro
GBP     -     British Pound Sterling
USD     -     United States Dollar

At January 31, 2022, the Trust had sufficient cash and/or securities to cover commitments under open derivative contracts.

The Trust is subject to foreign exchange risk in the normal course of pursuing its investment objectives. Because the Trust holds foreign currency denominated investments, the value of these investments and related receivables and payables may change due to future changes in foreign currency exchange rates. To hedge against this risk, the Trust enters into forward foreign currency exchange contracts.

At January 31, 2022, the value of the Trust’s investment in affiliated funds was $11,893,647, which represents 2.9% of the Trust’s net assets applicable to common shares. Transactions in affiliated funds by the Trust for the fiscal year to date ended January 31, 2022 were as follows:

 

                                                                                                                                                                                                       

Name

    Value,
beginning of
period		      Purchases      Sales proceeds     Net
realized
gain (loss)		     Change in
unrealized
appreciation
(depreciation)		      Value, end of
period		      Dividend
income		      Units, end
of period		  
                                                       

Short-Term Investments

 

Eaton Vance Cash Reserves Fund, LLC

    $     10,468,093      $     41,501,733      $     (40,074,747 )    $     (1,432 )    $     —        $     11,893,647      $     3,397        11,894,836  

Restricted Securities

At January 31, 2022, the Trust owned the following securities (representing 0% of net assets applicable to common shares) which were restricted as to public resale and not registered under the Securities Act of 1933 (excluding Rule 144A securities). The Trust has various registration rights (exercisable under a variety of circumstances) with respect to these securities. The value of these securities is determined based on valuations provided by brokers when available, or if not available, they are valued at fair value using methods determined in good faith by or at the direction of the Trustees.

 

                                                                                                   
Description   

Date of

Acquisition

      Shares      Cost      Value  

Common Stocks

            

Nine Point Energy Holdings, Inc.

      7/15/14        758      $ 34,721      $ 0  

Convertible Preferred Stocks

           

Nine Point Energy Holdings, Inc., Series A, 12.00%

      5/26/17        14        14,000        0  
        

 

 

     

 

 

  

Total Restricted Securities

          $     48,721      $     0  
        

 

 

     

 

 

  

Under generally accepted accounting principles for fair value measurements, a three-tier hierarchy to prioritize the assumptions, referred to as inputs, is used in valuation techniques to measure fair value. 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 a fund’s own assumptions in determining the fair value of investments)

 

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In cases where the inputs used to measure fair value fall in different levels of the fair value hierarchy, the level disclosed is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

At January 31, 2022, the hierarchy of inputs used in valuing the Trust’s investments and open derivative instruments, which are carried at value, were as follows:

 

Asset Description    Level 1      Level 2      Level 3*      Total  

Asset-Backed Securities

    $ —      $ 23,928,272      $ —      $ 23,928,272  

Closed-End Funds

      7,898,380        —        —        7,898,380  

Common Stocks

      1,788,495        2,189,948        1,427,865        5,406,308  

Convertible Preferred Stocks

      —        2,185        0        2,185  

Corporate Bonds

      —        5,058,113        —        5,058,113  

Senior Floating-Rate Loans (Less Unfunded Loan Commitments)

      —        580,110,523        406,110        580,516,633  

Warrants

      —        0        0        0  

Short-Term Investments

      —        11,893,647        —        11,893,647  

Total Investments

    $ 9,686,875      $ 623,182,688      $ 1,833,975      $ 634,703,538  

Forward Foreign Currency Exchange Contracts

    $ —      $ 215,891      $ —      $ 215,891  

Total

    $     9,686,875      $     623,398,579      $     1,833,975      $     634,919,429  
Liability Description                          

Forward Foreign Currency Exchange Contracts

    $ —      $ (133,021 )     $ —      $ (133,021 ) 

Total

    $ —      $ (133,021 )     $ —      $ (133,021 ) 

 

*

None of the unobservable inputs for Level 3 assets, individually or collectively, had a material impact on the Trust.

Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the fiscal year to date ended January 31, 2022 is not presented.

For information on the Trust’s policy regarding the valuation of investments and other significant accounting policies, please refer to the Trust’s most recent financial statements included in its semiannual or annual report to shareholders.

 

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