Principal Value | Description | Rate (a) | Stated Maturity (b) | Value | ||||
SENIOR FLOATING-RATE LOAN INTERESTS (c) – 133.4% | ||||||||
Aerospace & Defense – 1.1% | ||||||||
$592,668 | Atlantic Aviation FBO, Inc. (KKR Apple Bidco, LLC), 1st Lien Term Loan, 1 Mo. LIBOR + 3.00%, 0.50% Floor | 3.50% | 07/31/28 | $590,445 | ||||
598,991 | BBA Aviation (Signature Aviation US Holdings, Inc./Brown Group Holding, LLC), Term Loan B, 3 Mo. LIBOR + 2.75%, 0.50% Floor | 3.25% | 04/30/28 | 595,745 | ||||
1,408,235 | Peraton Corp., Term Loan B, 1 Mo. LIBOR + 3.75%, 0.75% Floor | 4.50% | 02/28/28 | 1,407,940 | ||||
947,839 | Spirit Aerosystems, Inc., Term Loan B, 1 Mo. LIBOR + 5.25%, 0.75% Floor | 6.00% | 01/15/25 | 952,179 | ||||
3,546,309 | ||||||||
Airlines – 0.5% | ||||||||
1,665,888 | American Airlines, Inc. (AAdvantage Loyalty IP Ltd.), Initial Term Loan, 3 Mo. LIBOR + 4.75%, 0.75% Floor | 5.50% | 03/24/28 | 1,714,299 | ||||
Apparel, Accessories & Luxury Goods – 0.1% | ||||||||
463,837 | Careismatic Brands/New Trojan, Inc. (fka Strategic Partners), Term Loan B, 3 Mo. LIBOR + 3.25%, 0.50% Floor | 3.75% | 01/31/28 | 460,650 | ||||
Application Software – 20.2% | ||||||||
1,156,658 | CCC Information Services, Inc. (Cypress), Term Loan B, 1 Mo. LIBOR + 3.00%, 1.00% Floor | 4.00% | 04/26/24 | 1,156,172 | ||||
3,178,366 | Epicor Software Corp., First Lien Term Loan C, 3 Mo. LIBOR + 3.25%, 0.75% Floor | 4.00% | 07/30/27 | 3,173,408 | ||||
1,059,430 | Flexera Software, LLC, 2020 Term Loan B, 3 Mo. LIBOR + 3.75%, 0.75% Floor | 4.50% | 01/26/28 | 1,058,603 | ||||
3,218,084 | Gainwell Acquisition Corp. (fka Milano), Term Loan B, 3 Mo. LIBOR + 4.00%, 0.75% Floor | 4.75% | 10/01/27 | 3,226,129 | ||||
4,711,018 | Greeneden U.S. Holdings II, LLC (Genesys Telecommunications Laboratories, Inc.), Initial Dollar Term Loan, 1 Mo. LIBOR + 4.00%, 0.75% Floor | 4.75% | 12/01/27 | 4,718,886 | ||||
330,422 | Hyland Software, Inc., 2nd Lien TL, 1 Mo. LIBOR + 6.25%, 0.75% Floor | 7.00% | 07/10/25 | 332,900 | ||||
9,332,511 | Hyland Software, Inc., Term Loan B, 1 Mo. LIBOR + 3.50%, 0.75% Floor | 4.25% | 07/01/24 | 9,333,538 | ||||
2,095,755 | Imprivata, Inc., Term Loan B, 3 Mo. LIBOR + 3.50%, 0.50% Floor | 4.00% | 11/30/27 | 2,092,150 | ||||
1,612,717 | Inmar, Inc., Term Loan B, 3 Mo. LIBOR + 4.00%, 1.00% Floor | 5.00% | 05/01/24 | 1,610,701 | ||||
5,930,367 | Internet Brands, Inc. (Web MD/MH Sub I, LLC), 2020 June New Term Loan, 1 Mo. LIBOR + 3.75%, 1.00% Floor | 4.75% | 09/15/24 | 5,936,712 | ||||
765,863 | Internet Brands, Inc. (Web MD/MH Sub I, LLC), 2nd Lien Term Loan, 1 Mo. LIBOR + 6.25%, 0.00% Floor | 6.34% | 02/15/29 | 776,716 | ||||
6,583,174 | Internet Brands, Inc. (Web MD/MH Sub I, LLC), Initial Term Loan, 1 Mo. LIBOR + 3.50%, 0.00% Floor | 3.58% | 09/13/24 | 6,541,305 | ||||
5,431,074 | LogMeIn, Inc. (Logan), Term Loan B, 1 Mo. LIBOR + 4.75%, 0.00% Floor | 4.85% | 08/31/27 | 5,409,839 | ||||
7,148,029 | McAfee, LLC, Term Loan B, 1 Mo. LIBOR + 3.75%, 0.00% Floor | 3.83% | 09/30/24 | 7,147,172 | ||||
1,426,296 | Micro Focus International (MA Financeco, LLC), Term Loan B4, 3 Mo. LIBOR + 4.25%, 1.00% Floor | 5.25% | 06/05/25 | 1,429,862 | ||||
733,330 | N-Able, Inc., Term Loan B, 3 Mo. LIBOR + 3.00%, 0.50% Floor | 3.50% | 06/30/28 | 730,579 | ||||
1,801,927 | RealPage, Inc., Term Loan B, 1 Mo. LIBOR + 3.25%, 0.50% Floor | 3.75% | 04/24/28 | 1,790,449 | ||||
7,869,392 | SolarWinds Holdings, Inc., Initial Term Loan, 1 Mo. LIBOR + 2.75%, 0.00% Floor | 2.83% | 02/05/24 | 7,759,535 | ||||
700,920 | Solera Holdings, Inc. (Polaris Newco), Term Loan B, 6 Mo. LIBOR + 4.00%, 0.50% Floor | 4.50% | 06/04/28 | 700,079 | ||||
311,890 | Tenable, Inc., Term Loan B, 6 Mo. LIBOR + 2.75%, 0.50% Floor | 3.25% | 06/30/28 | 310,330 | ||||
217,871 | TIBCO Software, Inc., Term Loan B-3, 1 Mo. LIBOR + 3.75%, 0.00% Floor | 3.84% | 06/30/26 | 216,237 |
Principal Value | Description | Rate (a) | Stated Maturity (b) | Value | ||||
SENIOR FLOATING-RATE LOAN INTERESTS (c) (Continued) | ||||||||
Application Software (Continued) | ||||||||
$234,899 | Ultimate Kronos Group (UKG, Inc.), New Term Loan, 3 Mo. LIBOR + 3.25%, 0.75% Floor | 4.00% | 05/03/26 | $234,899 | ||||
65,686,201 | ||||||||
Auto Parts & Equipment – 0.6% | ||||||||
588,333 | Clarios Global, L.P. (Power Solutions), Term Loan B, 1 Mo. LIBOR + 3.25%, 0.00% Floor | 3.33% | 04/30/26 | 581,467 | ||||
1,197,293 | Truck Hero, Inc., Term Loan B, 1 Mo. LIBOR + 3.25%, 0.75% Floor | 4.00% | 01/31/28 | 1,191,606 | ||||
1,773,073 | ||||||||
Automotive Retail – 0.3% | ||||||||
995,000 | Les Schwab Tire Centers (LS Group OpCo Acq., LLC), Term Loan B, 6 Mo. LIBOR + 3.25%, 0.75% Floor | 4.00% | 10/31/27 | 993,756 | ||||
Broadcasting – 3.5% | ||||||||
405,562 | E.W. Scripps Company, Incremental Term Loan, 1 Mo. LIBOR + 3.00%, 0.75% Floor | 3.75% | 12/31/27 | 404,829 | ||||
4,304,924 | iHeartCommunications, Inc., Second Amendment Incremental Term Loan B, 3 Mo. LIBOR + 3.25%, 0.50% Floor | 3.75% | 05/01/26 | 4,284,475 | ||||
6,199,070 | iHeartCommunications, Inc., Term Loan B, 1 Mo. LIBOR + 3.00%, 0.00% Floor | 3.08% | 05/01/26 | 6,140,984 | ||||
132,000 | Univision Communications, Inc., 2017 Replacement Repriced First Lien Term Loan C-5, 1 Mo. LIBOR + 2.75%, 1.00% Floor | 3.75% | 03/15/24 | 131,434 | ||||
526,119 | Univision Communications, Inc., 2021 Replacement New First Lien Term Loan, 1 Mo. LIBOR + 3.25%, 0.75% Floor | 4.00% | 03/24/26 | 524,393 | ||||
11,486,115 | ||||||||
Building Products – 0.1% | ||||||||
457,559 | Hillman (The) Group, Inc., Term Loan B1, 1 Mo. LIBOR + 2.75%, 0.50% Floor | 3.25% | 05/31/28 | 454,795 | ||||
Cable & Satellite – 1.2% | ||||||||
1,030,471 | DIRECTV Holdings, LLC, Term Loan B, 1 Mo. LIBOR + 5.00%, 0.75% Floor | 5.75% | 07/31/27 | 1,029,883 | ||||
2,873,673 | WideOpenWest Finance, LLC, Term Loan B, 1 Mo. LIBOR + 3.25%, 1.00% Floor | 4.25% | 08/19/23 | 2,867,524 | ||||
3,897,407 | ||||||||
Casinos & Gaming – 6.5% | ||||||||
667,333 | Caesars Resort Collection, LLC, Term B-1 Loans, 1 Mo. LIBOR + 4.50%, 0.00% Floor | 4.58% | 06/30/25 | 668,234 | ||||
7,171,521 | Caesars Resort Collection, LLC, Term Loan B, 1 Mo. LIBOR + 2.75%, 0.00% Floor | 2.83% | 12/22/24 | 7,107,121 | ||||
3,893,947 | CityCenter Holdings, LLC, Term Loan B, 1 Mo. LIBOR + 2.25%, 0.75% Floor | 3.00% | 04/18/24 | 3,883,901 | ||||
6,654,799 | Golden Nugget, Inc., Term Loan B, 2 Mo. LIBOR + 2.50%, 0.75% Floor | 3.25% | 10/04/23 | 6,607,417 | ||||
2,972,195 | Scientific Games International, Inc., Term Loan B5, 1 Mo. LIBOR + 2.75%, 0.00% Floor | 2.83% | 08/14/24 | 2,943,810 | ||||
21,210,483 | ||||||||
Coal & Consumable Fuels – 0.3% | ||||||||
1,002,428 | Arch Coal, Inc., Term Loan B, 1 Mo. LIBOR + 2.75%, 1.00% Floor | 3.75% | 03/07/24 | 932,259 |
Principal Value | Description | Rate (a) | Stated Maturity (b) | Value | ||||
SENIOR FLOATING-RATE LOAN INTERESTS (c) (Continued) | ||||||||
Communications Equipment – 0.7% | ||||||||
$2,363,407 | Commscope, Inc., Term Loan B, 1 Mo. LIBOR + 3.25%, 0.00% Floor | 3.33% | 04/06/26 | $2,334,456 | ||||
Construction & Engineering – 0.3% | ||||||||
1,034,228 | USIC, Inc., 1st Lien Term Loan, 1 Mo. LIBOR + 3.50%, 0.75% Floor | 4.25% | 05/15/28 | 1,029,315 | ||||
Electric Utilities – 1.7% | ||||||||
5,843,890 | PG&E Corp., Term Loan B, 3 Mo. LIBOR + 3.00%, 0.50% Floor | 3.50% | 06/23/25 | 5,590,675 | ||||
Electrical Components & Equipment – 0.2% | ||||||||
535,144 | Array Technologies, Inc., Term Loan B, 3 Mo. LIBOR + 3.25%, 0.50% Floor | 3.75% | 10/14/27 | 529,792 | ||||
Environmental & Facilities Services – 2.4% | ||||||||
702,514 | Allied Universal Holdco, LLC, Initial Term Loan, 3 Mo. LIBOR + 3.75%, 0.50% Floor | 4.25% | 05/14/28 | 702,219 | ||||
5,141,552 | Packers Holdings, LLC (PSSI), Term Loan B, 6 Mo. LIBOR + 3.25%, 0.75% Floor | 4.00% | 03/15/28 | 5,091,216 | ||||
2,068,442 | TruGreen, L.P., Second Refinancing Term Loan B, 1 Mo. LIBOR + 4.00%, 0.75% Floor | 4.75% | 11/02/27 | 2,070,387 | ||||
7,863,822 | ||||||||
Health Care Distributors – 0.9% | ||||||||
2,000,000 | Huntsworth/UDG (Hunter Holdco 3 Limited), Term Loan B, 6 Mo. LIBOR + 4.25%, 0.50% Floor | 4.75% | 08/06/28 | 2,000,000 | ||||
1,057,059 | Radiology Partners, Inc., Term Loan B, 1 Mo. LIBOR + 4.25%, 0.00% Floor | 4.35% | 07/09/25 | 1,049,702 | ||||
3,049,702 | ||||||||
Health Care Facilities – 0.2% | ||||||||
500,276 | Ardent Health Services, Inc. (AHP Health Partners, Inc.), Term Loan B, 1 Mo. LIBOR + 3.50%, 0.50% Floor | 4.00% | 08/04/28 | 500,901 | ||||
Health Care Services – 19.3% | ||||||||
2,152 | AccentCare (Pluto Acquisition I, Inc.), New Term Loan B, 1 Mo. LIBOR + 4.00%, 0.00% Floor | 4.08% | 06/20/26 | 2,145 | ||||
858,818 | AccentCare (Pluto Acquisition I, Inc.), New Term Loan B, 3 Mo. LIBOR + 4.00%, 0.00% Floor | 4.12% | 06/20/26 | 855,958 | ||||
2,539,501 | ADMI Corp. (Aspen Dental), 2020 Incremental Term Loan B2, 1 Mo. LIBOR + 3.13%, 0.50% Floor | 3.63% | 12/23/27 | 2,501,942 | ||||
1,023,432 | ADMI Corp. (Aspen Dental), 2021 Incremental Term Loan B3, 1 Mo. LIBOR + 3.50%, 0.50% Floor | 4.00% | 12/23/27 | 1,019,594 | ||||
2,418,674 | Air Methods Corp., Term Loan B, 3 Mo. LIBOR + 3.50%, 1.00% Floor | 4.50% | 04/21/24 | 2,375,331 | ||||
7,903,383 | athenahealth, Inc (VVC Holding Corp.), Term Loan B-1, 3 Mo. LIBOR + 4.25%, 0.00% Floor | 4.38% | 02/11/26 | 7,923,142 | ||||
19,858 | athenahealth, Inc. (VVC Holding Corp.), Term Loan B-1, 2 Mo. LIBOR + 4.25%, 0.00% Floor | 4.35% | 02/11/26 | 19,907 | ||||
646,831 | Aveanna Healthcare, LLC, Delayed Draw Term Loan, 1 Mo. LIBOR + 3.75%, 0.50% Floor | 4.25% | 06/30/28 | 645,330 | ||||
2,781,372 | Aveanna Healthcare, LLC, New Term Loan B, 1 Mo. LIBOR + 3.75%, 0.50% Floor | 4.25% | 06/30/28 | 2,774,919 | ||||
1,079,544 | Brightspring Health (Phoenix Guarantor, Inc.), Incremental Term Loan B-3, 1 Mo. LIBOR + 3.50%, 0.00% Floor | 3.60% | 03/05/26 | 1,072,948 | ||||
11,106,568 | CHG Healthcare Services, Inc., Term Loan, 3 Mo. LIBOR + 3.00%, 1.00% Floor | 4.00% | 06/07/23 | 11,089,575 |
Principal Value | Description | Rate (a) | Stated Maturity (b) | Value | ||||
SENIOR FLOATING-RATE LOAN INTERESTS (c) (Continued) | ||||||||
Health Care Services (Continued) | ||||||||
$2,729,736 | Civitas Solutions (National Mentor Holdings, Inc.), Term Loan B, 3 Mo. LIBOR + 3.75%, 0.75% Floor | 4.50% | 03/31/28 | $2,721,219 | ||||
60,213 | Civitas Solutions (National Mentor Holdings, Inc.), Term Loan C, 3 Mo. LIBOR + 3.75%, 0.75% Floor | 4.50% | 03/31/28 | 60,025 | ||||
661,322 | DuPage Medical Group (Midwest Physician Admin. Services, LLC), Incremental Term Loan B, 3 Mo. LIBOR + 3.25%, 0.75% Floor | 4.00% | 03/15/28 | 656,051 | ||||
5,481,372 | Envision Healthcare Corp., Initial Term Loan, 1 Mo. LIBOR + 3.75%, 0.00% Floor | 3.83% | 10/10/25 | 4,806,506 | ||||
4,035,921 | Global Medical Response, Inc. (fka Air Medical), 2020 Refinancing Term Loan, 6 Mo. LIBOR + 4.75%, 1.00% Floor | 5.75% | 10/02/25 | 4,050,208 | ||||
253,934 | Help at Home (HAH Group Holding Company, LLC), Delayed Draw Term Loan, 3 Mo. LIBOR + 5.00%, 1.00% Floor | 6.00% | 10/29/27 | 254,094 | ||||
2,006,906 | Help at Home (HAH Group Holding Company, LLC), Initial Term Loan, 3 Mo. LIBOR + 5.00%, 1.00% Floor | 6.00% | 10/29/27 | 2,008,170 | ||||
2,836,529 | Packaging Coordinators, Inc. (PCI Pharma), Term Loan B, 3 Mo. LIBOR + 3.50%, 0.75% Floor | 4.25% | 11/30/27 | 2,832,275 | ||||
1,463,073 | Radnet Management, Inc., Term Loan B, 6 Mo. LIBOR + 3.00%, 0.75% Floor | 3.75% | 04/22/28 | 1,456,972 | ||||
3,667 | Radnet Management, Inc., Term Loan B, Prime Rate + 2.00%, 0.75% Floor | 5.25% | 04/22/28 | 3,652 | ||||
676,416 | SCP Health (Onex TSG Intermediate Corp.), Term Loan B, 3 Mo. LIBOR + 4.75%, 0.75% Floor | 5.50% | 02/28/28 | 680,433 | ||||
2,000,000 | Sound Inpatient Physicians, Inc., Incremental Term Loan B, 1 Mo. LIBOR + 3.00%, 0.50% Floor | 3.50% | 06/28/25 | 1,992,500 | ||||
1,562,931 | Surgery Centers Holdings, Inc., 2021 Term Loan B, 1 Mo. LIBOR + 3.75%, 0.75% Floor | 4.50% | 08/31/26 | 1,563,181 | ||||
3,422,440 | Team Health, Inc., Term Loan B, 1 Mo. LIBOR + 2.75%, 1.00% Floor | 3.75% | 02/06/24 | 3,323,566 | ||||
5,873,836 | U.S. Renal Care, Inc., Term Loan B, 1 Mo. LIBOR + 5.00%, 0.00% Floor | 5.13% | 06/28/26 | 5,870,665 | ||||
249,239 | US Radiology Specialists, Inc., Term Loan B, 3 Mo. LIBOR + 5.50%, 0.75% Floor | 6.25% | 12/31/27 | 250,096 | ||||
62,810,404 | ||||||||
Health Care Technology – 9.4% | ||||||||
132,209 | Change Healthcare Holdings, LLC, Closing Date Term Loan, 1 Mo. LIBOR + 2.50%, 1.00% Floor | 3.50% | 03/01/24 | 131,878 | ||||
6,352,171 | Change Healthcare Holdings, LLC, Closing Date Term Loan, 6 Mo. LIBOR + 2.50%, 1.00% Floor | 3.50% | 03/01/24 | 6,336,290 | ||||
2,709,650 | Ciox Health (Healthport/CT Technologies Intermediate Holdings, Inc.), New Term Loan B, 1 Mo. LIBOR + 4.25%, 0.75% Floor | 5.00% | 12/16/25 | 2,712,550 | ||||
2,247,653 | Ensemble RCM, LLC (Ensemble Health), Term Loan B, 3 Mo. LIBOR + 3.75%, 0.00% Floor | 3.88% | 08/01/26 | 2,245,248 | ||||
166,850 | eResearch Technology, Inc. (ERT), Incremental Term Loan B, 1 Mo. LIBOR + 4.50%, 1.00% Floor | 5.50% | 02/04/27 | 167,319 | ||||
2,295,304 | Mediware (Wellsky/Project Ruby Ultimate Parent Corp.), Term Loan B, 1 Mo. LIBOR + 3.25%, 0.75% Floor | 4.00% | 03/15/28 | 2,283,828 | ||||
388,436 | Navicure, Inc. (Waystar Technologies, Inc.), Term Loan B, 1 Mo. LIBOR + 4.00%, 0.00% Floor | 4.08% | 10/23/26 | 387,224 | ||||
6,846 | Press Ganey (Azalea TopCo, Inc.), Term Loan B, 1 Mo. LIBOR + 3.50%, 0.00% Floor | 3.58% | 07/25/26 | 6,770 | ||||
2,683,525 | Press Ganey (Azalea TopCo, Inc.), Term Loan B, 3 Mo. LIBOR + 3.50%, 0.00% Floor | 3.63% | 07/25/26 | 2,654,006 | ||||
9,089,585 | Verscend Technologies, Inc. (Cotiviti), New Term Loan B-1, 1 Mo. LIBOR + 4.00%, 0.00% Floor | 4.08% | 08/27/25 | 9,069,134 |
Principal Value | Description | Rate (a) | Stated Maturity (b) | Value | ||||
SENIOR FLOATING-RATE LOAN INTERESTS (c) (Continued) | ||||||||
Health Care Technology (Continued) | ||||||||
$4,560,816 | Zelis Payments Buyer, Inc., Term Loan B, 1 Mo. LIBOR + 3.50%, 0.00% Floor | 3.60% | 09/30/26 | $4,534,226 | ||||
30,528,473 | ||||||||
Homefurnishing Retail – 0.8% | ||||||||
1,245,039 | At Home Holding III, Inc. (Ambience), Term Loan B, 3 Mo. LIBOR + 4.25%, 0.50% Floor | 4.75% | 07/30/28 | 1,241,403 | ||||
1,337,481 | Rent-A-Center, Inc., Term Loan B, 1 Mo. LIBOR + 4.00%, 0.75% Floor | 4.75% | 02/15/28 | 1,342,082 | ||||
2,583,485 | ||||||||
Hotels, Resorts & Cruise Lines – 0.2% | ||||||||
723,169 | Alterra Mountain Company, Term Loan B-1, 1 Mo. LIBOR + 3.50%, 0.50% Floor | 4.00% | 07/31/28 | 719,104 | ||||
Household Appliances – 0.2% | ||||||||
677,143 | Traeger Grills (TGP Holdings III, LLC), Term Loan B, 3 Mo. LIBOR + 3.50%, 0.75% Floor | 4.25% | 06/24/28 | 676,581 | ||||
Industrial Machinery – 4.0% | ||||||||
8,165,286 | Gates Global, LLC, Term Loan B-3, 1 Mo. LIBOR + 2.50%, 0.75% Floor | 3.25% | 03/31/27 | 8,123,643 | ||||
500,000 | Madison IAQ, LLC, Term Loan B, 3 Mo. LIBOR + 3.25%, 0.50% Floor | 3.75% | 06/30/28 | 496,565 | ||||
4,195,537 | TK Elevator Newco GMBH (Vertical U.S. Newco, Inc.), New Term Loan B1, 6 Mo. LIBOR + 3.50%, 0.50% Floor | 4.00% | 07/31/27 | 4,189,706 | ||||
12,809,914 | ||||||||
Insurance Brokers – 13.1% | ||||||||
4,568,217 | Alliant Holdings I, LLC, 2019 New Term Loan, 1 Mo. LIBOR + 3.25%, 0.00% Floor | 3.33% | 05/10/25 | 4,514,266 | ||||
6,536,420 | Alliant Holdings I, LLC, Initial Term Loan, 1 Mo. LIBOR + 3.25%, 0.00% Floor | 3.33% | 05/09/25 | 6,462,885 | ||||
3,304,587 | Alliant Holdings I, LLC, Term Loan B3, 1 Mo. LIBOR + 3.75%, 0.50% Floor | 4.25% | 11/05/27 | 3,304,191 | ||||
331,300 | AssuredPartners, Inc., 2021 Term Loan B, 1 Mo. LIBOR + 3.50%, 0.50% Floor | 4.00% | 02/13/27 | 330,472 | ||||
6,678,496 | AssuredPartners, Inc., Term Loan B, 1 Mo. LIBOR + 3.50%, 0.00% Floor | 3.58% | 02/12/27 | 6,610,910 | ||||
2,822,359 | BroadStreet Partners, Inc., Term Loan B, 1 Mo. LIBOR + 3.00%, 0.00% Floor | 3.08% | 01/27/27 | 2,779,713 | ||||
1,182,980 | Cross Financial Corp., Term Loan B, 1 Mo. LIBOR + 4.00%, 0.75% Floor | 4.75% | 09/15/27 | 1,183,962 | ||||
13,919,410 | HUB International Limited, Initial Term Loan B, 2 Mo. LIBOR + 2.75%, 0.00% Floor | 2.87%-2.88% | 04/25/25 | 13,753,490 | ||||
774,532 | HUB International Limited, New Term Loan B-3, 3 Mo. LIBOR + 3.25%, 0.75% Floor | 4.00% | 04/25/25 | 773,502 | ||||
459,538 | Ryan Specialty Group, LLC, Term Loan B, 3 Mo. LIBOR + 3.25%, 0.75% Floor | 4.00% | 09/01/27 | 458,390 | ||||
2,209,625 | USI, Inc. (fka Compass Investors, Inc.), Term Loan B, 6 Mo. LIBOR + 3.00%, 0.00% Floor | 3.15% | 05/15/24 | 2,189,186 | ||||
42,360,967 | ||||||||
Integrated Telecommunication Services – 5.1% | ||||||||
6,203,319 | Frontier Communications Corp., Term Loan B, 3 Mo. LIBOR + 3.75%, 0.75% Floor | 4.50% | 05/01/28 | 6,191,719 |
Principal Value | Description | Rate (a) | Stated Maturity (b) | Value | ||||
SENIOR FLOATING-RATE LOAN INTERESTS (c) (Continued) | ||||||||
Integrated Telecommunication Services (Continued) | ||||||||
$3,423,524 | Numericable (Altice France SA or SFR), Term Loan B-11, 3 Mo. LIBOR + 2.75%, 0.00% Floor | 2.94% | 07/31/25 | $3,363,612 | ||||
5,336,650 | Numericable (Altice France SA or SFR), Term Loan B-13, 3 Mo. LIBOR + 4.00%, 0.00% Floor | 4.12% | 08/14/26 | 5,316,638 | ||||
1,588,638 | Zayo Group Holdings, Inc., Initial Dollar Term Loan, 1 Mo. LIBOR + 3.00%, 0.00% Floor | 3.08% | 03/09/27 | 1,567,064 | ||||
16,439,033 | ||||||||
Leisure Facilities – 0.3% | ||||||||
1,075,433 | SeaWorld Parks and Entertainment, Term Loan B, 1 Mo. LIBOR + 3.00%, 0.50% Floor | 3.50% | 08/13/28 | 1,065,485 | ||||
Managed Health Care – 0.7% | ||||||||
2,286,991 | Multiplan, Inc. (MPH), Term Loan B, 3 Mo. LIBOR + 4.25%, 0.50% Floor | 4.75% | 08/31/28 | 2,268,695 | ||||
Metal & Glass Containers – 0.4% | ||||||||
487,865 | Altium Packaging, LLC (FKA Consolidated Container), Term Loan B, 1 Mo. LIBOR + 2.75%, 0.50% Floor | 3.25% | 02/15/28 | 483,596 | ||||
962,335 | PODS, LLC, Term Loan B, 1 Mo. LIBOR + 3.00%, 0.75% Floor | 3.75% | 03/31/28 | 958,428 | ||||
1,442,024 | ||||||||
Movies & Entertainment – 2.6% | ||||||||
599,310 | Cineworld Group PLC (Crown), New Priority Term Loan, 3 Mo. LIBOR + 8.25%, 1.00% Floor | 9.25% | 05/23/24 | 639,014 | ||||
1,034,998 | Cineworld Group PLC (Crown), Priority Term Loan B-1, Fixed Rate at 15.25% (d) | 15.25% | 05/23/24 | 1,271,692 | ||||
7,338,522 | Cineworld Group PLC (Crown), Term Loan B, 6 Mo. LIBOR + 2.50%, 1.00% Floor | 3.50% | 02/28/25 | 5,709,884 | ||||
41,120 | Cineworld Group PLC (Crown), Term Loan B, 6 Mo. LIBOR + 6.00%, 1.00% Floor | 7.00% | 02/28/25 | 31,994 | ||||
269,250 | PUG LLC (Stubhub/Viagogo), Incremental Term Loan B-2, 1 Mo. LIBOR + 4.25%, 0.50% Floor | 4.75% | 02/13/27 | 267,903 | ||||
566,610 | PUG LLC (Stubhub/Viagogo), Term Loan B, 1 Mo. LIBOR + 3.50%, 0.00% Floor | 3.58% | 02/12/27 | 548,666 | ||||
8,469,153 | ||||||||
Office Services & Supplies – 0.4% | ||||||||
1,307,954 | Dun & Bradstreet Corp., Refinancing Term Loan, 1 Mo. LIBOR + 3.25%, 0.00% Floor | 3.34% | 02/08/26 | 1,297,334 | ||||
Packaged Foods & Meats – 0.3% | ||||||||
367,580 | BellRing Brands, LLC, New Term Loan B, 1 Mo. LIBOR + 4.00%, 0.75% Floor | 4.75% | 10/21/24 | 368,558 | ||||
544,483 | Simply Good Foods (Atkins Nutritionals, Inc.), Term Loan B, 1 Mo. LIBOR + 3.75%, 1.00% Floor | 4.75% | 07/07/24 | 545,615 | ||||
914,173 | ||||||||
Paper Packaging – 3.3% | ||||||||
10,654,602 | Graham Packaging Company, L.P., Term Loan B, 1 Mo. LIBOR + 3.00%, 0.75% Floor | 3.75% | 08/04/27 | 10,602,714 | ||||
Pharmaceuticals – 13.8% | ||||||||
1,766,509 | Akorn, Inc., Exit Take Back Term Loan, 3 Mo. LIBOR + 7.50%, 1.00% Floor (e) | 8.50% | 09/30/25 | 1,791,346 | ||||
8,455,885 | Bausch Health Companies, Inc. (Valeant), Initial Term Loan B, 1 Mo. LIBOR + 3.00%, 0.00% Floor | 3.08% | 06/01/25 | 8,422,822 |
Principal Value | Description | Rate (a) | Stated Maturity (b) | Value | ||||
SENIOR FLOATING-RATE LOAN INTERESTS (c) (Continued) | ||||||||
Pharmaceuticals (Continued) | ||||||||
$9,576,000 | Endo, LLC, 2021 Term Loan B, 3 Mo. LIBOR + 5.00%, 0.75% Floor | 5.75% | 03/11/28 | $9,283,357 | ||||
3,231,473 | Jazz Pharmaceuticals, Inc., Term Loan B, 1 Mo. LIBOR + 3.50%, 0.50% Floor | 4.00% | 05/05/28 | 3,231,473 | ||||
9,876,707 | Mallinckrodt International Finance S.A., 2017 Term Loan B, 6 Mo. LIBOR + 5.25%, 0.75% Floor (f) | 6.00% | 09/24/24 | 9,578,134 | ||||
1,367,882 | Mallinckrodt International Finance S.A., 2018 Incremental Term Loan, 3 Mo. LIBOR + 5.50%, 0.75% Floor (f) | 6.25% | 02/24/25 | 1,327,133 | ||||
4,284,634 | Nestle Skin Health (Sunshine Lux VII SARL/Galderma), 2021 Term Loan B-3, 3 Mo. LIBOR + 3.75%, 0.75% Floor | 4.50% | 10/02/26 | 4,286,777 | ||||
6,501,066 | Parexel International Corp. (Phoenix Newco), First Lien Term Loan, 1 Mo. LIBOR + 3.50%, 0.50% Floor | 4.00% | 08/31/28 | 6,497,815 | ||||
271,509 | Perrigo Rx (Padagis, LLC), Term Loan B, 3 Mo. LIBOR + 4.75%, 0.50% Floor | 5.25% | 06/29/28 | 271,170 | ||||
44,690,027 | ||||||||
Publishing – 0.2% | ||||||||
598,567 | Meredith Corp., Tranche B-3 Term Loan, 3 Mo. LIBOR + 4.25%, 1.00% Floor | 5.25% | 01/31/25 | 610,538 | ||||
Research & Consulting Services – 1.6% | ||||||||
1,168,089 | Clarivate Analytics PLC (Camelot), Amendment No. 2 Incremental Term Loan, 1 Mo. LIBOR + 3.00%, 1.00% Floor | 4.00% | 10/31/26 | 1,168,090 | ||||
923,568 | Corelogic, Inc., Term Loan B, 1 Mo. LIBOR + 3.50%, 0.50% Floor | 4.00% | 06/30/28 | 919,237 | ||||
391,732 | J.D. Power (Project Boost Purchaser, LLC), 2021 Incremental Term Loan B, 1 Mo. LIBOR + 3.50%, 0.50% Floor | 4.00% | 05/26/26 | 390,263 | ||||
2,260,200 | Nielsen Consumer, Inc. (Indy US Holdco, LLC), Term Loan B-1, 1 Mo. LIBOR + 4.00%, 0.00% Floor | 4.10% | 03/05/28 | 2,255,498 | ||||
338,481 | Veritext Corporation (VT TopCo, Inc.), Non-Fungible 1st Lien Term Loan, 1 Mo. LIBOR + 3.75%, 0.75% Floor | 4.50% | 08/10/25 | 336,788 | ||||
5,069,876 | ||||||||
Restaurants – 3.6% | ||||||||
1,990,000 | IRB Holding Corp. (Arby’s/Inspire Brands), Fourth Amendment Incremental Term Loan B, 3 Mo. LIBOR + 3.25%, 1.00% Floor | 4.25% | 12/31/27 | 1,987,513 | ||||
5,415,469 | IRB Holding Corp. (Arby’s/Inspire Brands), Term Loan B, 3 Mo. LIBOR + 2.75%, 1.00% Floor | 3.75% | 02/05/25 | 5,393,482 | ||||
3,930,000 | Portillo’s Holdings, LLC, Term Loan B-3, 3 Mo. LIBOR + 5.50%, 1.00% Floor | 6.50% | 08/30/24 | 3,934,912 | ||||
398,282 | Whatabrands, LLC, Term Loan B, 1 Mo. LIBOR + 3.25%, 0.50% Floor | 3.75% | 07/31/28 | 396,912 | ||||
11,712,819 | ||||||||
Security & Alarm Services – 0.2% | ||||||||
549,406 | Garda World Security Corp., Term Loan B, 1 Mo. LIBOR + 4.25%, 0.00% Floor | 4.34% | 10/30/26 | 547,643 | ||||
Specialized Consumer Services – 3.1% | ||||||||
819,261 | Asurion, LLC, 2nd Lien Term Loan B-4, 1 Mo. LIBOR + 5.25%, 0.00% Floor | 5.33% | 01/20/29 | 814,657 | ||||
1,990,116 | Asurion, LLC, New B-8 Term Loan, 1 Mo. LIBOR + 3.25%, 0.00% Floor | 3.33% | 12/23/26 | 1,950,632 | ||||
1,698,479 | Asurion, LLC, Second Lien Term Loan B-3, 1 Mo. LIBOR + 5.25%, 0.00% Floor | 5.33% | 01/31/28 | 1,689,375 |
Principal Value | Description | Rate (a) | Stated Maturity (b) | Value | ||||
SENIOR FLOATING-RATE LOAN INTERESTS (c) (Continued) | ||||||||
Specialized Consumer Services (Continued) | ||||||||
$2,156,986 | Asurion, LLC, Term Loan B7, 1 Mo. LIBOR + 3.00%, 0.00% Floor | 3.08% | 11/03/24 | $2,119,238 | ||||
3,644,334 | Asurion, LLC, Term Loan B6, 1 Mo. LIBOR + 3.13%, 0.00% Floor | 3.21% | 11/03/23 | 3,604,101 | ||||
10,178,003 | ||||||||
Specialized Finance – 0.3% | ||||||||
847,989 | WCG Purchaser Corp. (WIRB- Copernicus Group), Term Loan B, 1 Mo. LIBOR + 4.00%, 1.00% Floor | 5.00% | 01/08/27 | 849,405 | ||||
Specialty Stores – 1.1% | ||||||||
1,341,843 | Bass Pro Group, LLC (Great Outdoors Group, LLC), Term Loan B-1, 6 Mo. LIBOR + 4.25%, 0.75% Floor | 5.00% | 03/15/28 | 1,346,312 | ||||
1,233,294 | Petco Animal Supplies, Inc., Initial Term Loan B, 3 Mo. LIBOR + 3.25%, 0.75% Floor | 4.00% | 03/03/28 | 1,230,211 | ||||
1,088,231 | Petsmart, Inc., Initial Term Loan B, 6 Mo. LIBOR + 3.75%, 0.75% Floor | 4.50% | 02/15/28 | 1,089,134 | ||||
3,665,657 | ||||||||
Systems Software – 6.8% | ||||||||
6,889,155 | Applied Systems, Inc., 1st Lien Term Loan, 3 Mo. LIBOR + 3.25%, 0.50% Floor | 3.75% | 09/19/24 | 6,877,650 | ||||
1,483,019 | Applied Systems, Inc., 2nd Lien Term Loan, 3 Mo. LIBOR + 5.50%, 0.75% Floor | 6.25% | 09/19/25 | 1,498,650 | ||||
3,832,132 | BMC Software Finance, Inc. (Boxer Parent), Term Loan B, 1 Mo. LIBOR + 3.75%, 0.00% Floor | 3.83% | 10/02/25 | 3,805,383 | ||||
1,345,101 | Idera, Inc., Initial Term Loan, 3 Mo. LIBOR + 3.75%, 0.75% Floor | 4.50% | 02/15/28 | 1,339,223 | ||||
507,552 | Misys Financial Software, Ltd. (Almonde, Inc.) (Finastra), Term Loan B, 3 Mo. LIBOR + 3.50%, 1.00% Floor | 4.50% | 06/13/24 | 501,146 | ||||
1,299,088 | Misys Financial Software, Ltd. (Almonde, Inc.) (Finastra), Term Loan B, 6 Mo. LIBOR + 3.50%, 1.00% Floor | 4.50% | 06/13/24 | 1,282,694 | ||||
1,592,969 | Proofpoint, Inc., Term Loan B, 1 Mo. LIBOR + 3.25%, 0.50% Floor | 3.75% | 07/31/28 | 1,582,790 | ||||
2,136 | Riverbed Technology, Inc., New Term Loan B, 2 Mo. LIBOR + 6.00%, 1.00% Floor | 7.00% | 12/30/25 | 1,896 | ||||
847,860 | Riverbed Technology, Inc., New Term Loan B, 3 Mo. LIBOR + 6.00%, 1.00% Floor | 7.00% | 12/30/25 | 752,739 | ||||
3,124,852 | Sophos Group PLC (Surf), Term Loan B, 3 Mo. LIBOR + 3.50%, 0.00% Floor | 3.63% | 03/05/27 | 3,096,353 | ||||
1,299,177 | SUSE (Marcel Lux IV SARL), Facility B1 USD, 1 Mo. LIBOR + 3.25%, 0.00% Floor | 3.33% | 03/15/26 | 1,292,136 | ||||
22,030,660 | ||||||||
Trading Companies & Distributors – 0.8% | ||||||||
2,666,762 | SRS Distribution, Inc., Term Loan B, 6 Mo. LIBOR + 3.75%, 0.50% Floor | 4.25% | 06/04/28 | 2,656,762 | ||||
Trucking – 1.0% | ||||||||
2,665,063 | Hertz (The) Corporation, Exit Term Loan B, 1 Mo. LIBOR + 3.50%, 0.50% Floor | 4.00% | 06/30/28 | 2,652,697 | ||||
502,262 | Hertz (The) Corporation, Exit Term Loan C, 3 Mo. LIBOR + 3.50%, 0.50% Floor | 4.00% | 06/30/28 | 499,932 | ||||
3,152,629 | ||||||||
Total Senior Floating-Rate Loan Interests | 433,205,568 | |||||||
(Cost $434,167,988) |
Principal Value | Description | Stated Coupon | Stated Maturity | Value | ||||
CORPORATE BONDS AND NOTES (c) – 3.3% | ||||||||
Airlines – 0.2% | ||||||||
$605,000 | Mileage Plus Holdings, LLC / Mileage Plus Intellectual Property Assets Ltd. (g) | 6.50% | 06/20/27 | $657,998 | ||||
Broadcasting – 1.2% | ||||||||
1,119,000 | Cumulus Media New Holdings, Inc. (g) | 6.75% | 07/01/26 | 1,163,536 | ||||
2,500,000 | Diamond Sports Group, LLC / Diamond Sports Finance Co. (g) | 5.38% | 08/15/26 | 1,661,125 | ||||
1,000,000 | Univision Communications, Inc. (g) | 9.50% | 05/01/25 | 1,091,250 | ||||
3,915,911 | ||||||||
Casinos & Gaming – 0.8% | ||||||||
2,462,000 | Caesars Entertainment, Inc. (g) | 6.25% | 07/01/25 | 2,605,288 | ||||
Coal & Consumable Fuels – 0.1% | ||||||||
301,000 | Peabody Energy Corp. (g) | 6.38% | 03/31/25 | 239,671 | ||||
Health Care Services – 0.1% | ||||||||
306,000 | Global Medical Response, Inc. (g) | 6.50% | 10/01/25 | 315,945 | ||||
Insurance Brokers – 0.1% | ||||||||
227,000 | AmWINS Group, Inc. (g) | 4.88% | 06/30/29 | 230,973 | ||||
Integrated Telecommunication Services – 0.7% | ||||||||
2,445,000 | Zayo Group Holdings, Inc. (g) | 4.00% | 03/01/27 | 2,420,489 | ||||
Pharmaceuticals – 0.1% | ||||||||
396,000 | Organon & Co. / Organon Foreign Debt Co-Issuer BV (g) | 4.13% | 04/30/28 | 409,048 | ||||
Total Corporate Bonds and Notes | 10,795,323 | |||||||
(Cost $10,629,051) | ||||||||
FOREIGN CORPORATE BONDS AND NOTES (c) – 0.2% | ||||||||
Environmental & Facilities Services – 0.2% | ||||||||
305,000 | Allied Universal Holdco, LLC / Allied Universal Finance Corp. / Atlas Luxco 4 Sarl (g) | 4.63% | 06/01/28 | 306,716 | ||||
203,000 | Allied Universal Holdco, LLC / Allied Universal Finance Corp. / Atlas Luxco 4 Sarl (g) | 4.63% | 06/01/28 | 203,761 | ||||
Total Foreign Corporate Bonds and Notes | 510,477 | |||||||
(Cost $508,000) |
Shares | Description | Value | ||
COMMON STOCKS (c) – 1.3% | ||||
Broadcasting – 0.1% | ||||
25,815 | Cumulus Media, Inc., Class A (h) | 304,875 | ||
Electric Utilities – 0.6% | ||||
106,607 | Vistra Energy Corp. | 2,035,128 | ||
Oil & Gas Exploration & Production – 0.0% | ||||
119,734 | Ascent Resources - Marcellus, LLC Class A Common Shares (h) (i) | 110,754 | ||
Pharmaceuticals – 0.6% | ||||
150,392 | Akorn, Inc. (h) (i) | 1,917,498 | ||
Total Common Stocks | 4,368,255 | |||
(Cost $4,081,424) |
Shares | Description | Value | ||
WARRANTS (c) – 0.1% | ||||
Movies & Entertainment – 0.1% | ||||
315,514 | Cineworld Group PLC, expiring 11/23/25 (h) (j) | $156,162 | ||
Oil & Gas Exploration & Production – 0.0% | ||||
31,000 | Ascent Resources - Marcellus, LLC First Lien Warrants, expiring 3/30/23 (h) (j) | 775 | ||
Total Warrants | 156,937 | |||
(Cost $3,100) | ||||
RIGHTS (c) – 0.0% | ||||
Electric Utilities – 0.0% | ||||
106,607 | Vistra Energy Corp., no expiration date (h) (j) | 140,348 | ||
Life Sciences Tools & Services – 0.0% | ||||
1 | New Millennium Holdco, Inc., Corporate Claim Trust, no expiration date (h) (j) (k) (l) | 0 | ||
1 | New Millennium Holdco, Inc., Lender Claim Trust, no expiration date (h) (j) (k) (l) | 0 | ||
0 | ||||
Total Rights | 140,348 | |||
(Cost $174,207) | ||||
MONEY MARKET FUNDS (c) – 1.8% | ||||
5,795,703 | Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Institutional Class - 0.01% (m) | 5,795,703 | ||
(Cost $5,795,703) | ||||
Total Investments – 140.1% | 454,972,611 | |||
(Cost $455,359,473) (n) | ||||
Outstanding Loans – (37.6)% | (122,000,000) | |||
Net Other Assets and Liabilities – (2.5)% | (8,260,172) | |||
Net Assets – 100.0% | $324,712,439 |
(a) | Senior Floating-Rate Loan Interests (“Senior Loans”) in which the Fund invests pay interest at rates which are periodically predetermined by reference to a base lending rate plus a premium. These base lending rates are generally (i) the lending rate offered by one or more major European banks, such as the LIBOR, (ii) the prime rate offered by one or more United States banks or (iii) the certificate of deposit rate. Certain Senior Loans are subject to a LIBOR floor that establishes a minimum LIBOR rate. When a range of rates is disclosed, the Fund holds more than one contract within the same tranche with identical LIBOR period, spread and floor, but different LIBOR reset dates. |
(b) | Senior Loans generally are subject to mandatory and/or optional prepayment. As a result, the actual remaining maturity of Senior Loans may be substantially less than the stated maturities shown. |
(c) | All of these securities are available to serve as collateral for the outstanding loans. |
(d) | The issuer may pay interest on the loans in cash and in Payment-In-Kind (“PIK”) interest. Interest paid in cash will accrue at the rate of 7.00% per annum (“Cash Interest Rate”) and PIK interest will accrue on the loan at the rate of 8.25% per annum. For the fiscal year-to-date period (June 1, 2021 to August 31, 2021), the Fund received a portion of the interest in cash and PIK interest with a principal value of $21,143 for Cineworld Group PLC (Crown). |
(e) | The issuer may pay interest on the loans (1) entirely in cash or (2) in the event that both the PIK Toggle Condition has been satisfied and the issuer elects to exercise the PIK interest, 2.50% payable in cash and 7.00% payable as PIK interest. For the fiscal year-to-date period (June 1, 2021 to August 31, 2021), this security paid all of its interest in cash. |
(f) | This issuer has filed for protection in bankruptcy court. |
(g) | This security, sold within the terms of a private placement memorandum, is exempt from registration upon resale under Rule 144A under the Securities Act of 1933, as amended (the “1933 Act”), and may be resold in transactions exempt from registration, normally to qualified institutional buyers. Pursuant to procedures adopted by the Fund’s Board of Trustees, this security has been determined to be liquid by First Trust Advisors L.P. (the “Advisor”). Although market instability can result in periods of increased overall market illiquidity, liquidity for each security is determined based on security specific factors and assumptions, which require subjective judgment. At August 31, 2021, securities noted as such amounted to $11,305,800 or 3.5% of net assets. |
(h) | Non-income producing security. |
(i) | Security received in a transaction exempt from registration under the 1933 Act. The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. Pursuant to procedures adopted by the Trust’s Board of Trustees, this security has been determined to be illiquid by the Advisor. Although market instability can result in periods of increased overall market illiquidity, liquidity for the security is determined based on security-specific factors and assumptions, which require subjective judgment. At August 31, 2021, securities noted as such amounted to $2,028,252 or 0.6% of net assets. |
(j) | Pursuant to procedures adopted by the Fund’s Board of Trustees, this security has been determined to be illiquid by the Advisor. |
(k) | This security is fair valued by the Advisor’s Pricing Committee in accordance with procedures adopted by the Fund’s Board of Trustees, and in accordance with the provisions of the Investment Company Act of 1940, as amended. At August 31, 2021, securities noted as such are valued at $0 or 0.0% of net assets. |
(l) | This security’s value was determined using significant unobservable inputs (see Valuation Inputs section). |
(m) | Rate shown reflects yield as of August 31, 2021. |
(n) | Aggregate cost for financial reporting purposes approximates the aggregate cost for federal income tax purposes. As of August 31, 2021, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $4,163,130 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $4,549,992. The net unrealized depreciation was $386,862. |
LIBOR | London Interbank Offered Rate |
• | Level 1 – Level 1 inputs are quoted prices in active markets for identical investments. |
• | Level 2 – Level 2 inputs are observable inputs, either directly or indirectly. (Quoted prices for similar investments, valuations based on interest rates and yield curves, or valuations derived from observable market data.) |
• | Level 3 – Level 3 inputs are unobservable inputs that may reflect the reporting entity’s own assumptions about the assumptions that market participants would use in pricing the investment. |
Total Value at 8/31/2021 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Senior Floating-Rate Loan Interests* | $ 433,205,568 | $ — | $ 433,205,568 | $ — |
Corporate Bonds and Notes* | 10,795,323 | — | 10,795,323 | — |
Foreign Corporate Bonds and Notes* | 510,477 | — | 510,477 | — |
Common Stocks: | ||||
Oil & Gas Exploration & Production | 110,754 | — | 110,754 | — |
Pharmaceuticals | 1,917,498 | — | 1,917,498 | — |
Other industry categories* | 2,340,003 | 2,340,003 | — | — |
Warrants* | 156,937 | — | 156,937 | — |
Rights: | ||||
Electric Utilities | 140,348 | — | 140,348 | — |
Life Sciences Tools & Services | —** | — | — | —** |
Money Market Funds | 5,795,703 | 5,795,703 | — | — |
Total Investments | $ 454,972,611 | $ 8,135,706 | $ 446,836,905 | $—** |
* | See Portfolio of Investments for industry breakout. |
** | Investment is valued at $0. |
Borrower | Principal Value | Commitment Amount | Value | Unrealized Appreciation (Depreciation) | ||||
Civitas Solutions (National Mentor Holdings, Inc.), Term Loan | $ 198,702 | $ 199,060 | $ 198,082 | $ (978) | ||||
Hillman (The) Group, Inc., Term Loan | 109,595 | 109,326 | 108,933 | (393) | ||||
Traeger Grills (TGP Holdings III, LLC), Term Loan | 89,286 | 88,849 | 89,212 | 363 | ||||
Veritext Corporation (VT TopCo, Inc.), Term Loan | 59,234 | 59,234 | 58,938 | (296) | ||||
$456,469 | $455,165 | $(1,304) |