Corporate Bonds - 42.7%
|
|||
Principal
Amount (a)
|
Value ($)
|
||
Convertible Bonds - 0.1%
|
|||
COMMUNICATION SERVICES - 0.0%
|
|||
Media - 0.0%
|
|||
DISH Network Corp. 3.375% 8/15/26
|
540,000
|
497,746
|
|
ENERGY - 0.1%
|
|||
Oil, Gas & Consumable Fuels - 0.1%
|
|||
Cheniere Energy, Inc. 4.25% 3/15/45
|
2,000,000
|
1,692,721
|
|
Mesquite Energy, Inc. 15% 7/15/23 (b)(c)
|
612,315
|
2,100,240
|
|
Mesquite Energy, Inc. 15% 7/15/23 (b)(c)
|
354,584
|
1,347,419
|
|
5,140,380
|
|||
TOTAL CONVERTIBLE BONDS
|
5,638,126
|
||
Nonconvertible Bonds - 42.6%
|
|||
COMMUNICATION SERVICES - 7.5%
|
|||
Diversified Telecommunication Services - 2.1%
|
|||
Altice France SA:
|
|||
5.125% 1/15/29(d)
|
6,602,000
|
6,251,632
|
|
5.125% 7/15/29(d)
|
8,575,000
|
8,149,509
|
|
5.5% 1/15/28(d)
|
1,940,000
|
1,920,600
|
|
5.5% 10/15/29(d)
|
4,170,000
|
4,024,050
|
|
8.125% 2/1/27(d)
|
2,000,000
|
2,133,300
|
|
C&W Senior Financing Designated Activity Co. 6.875% 9/15/27 (d)
|
12,125,000
|
12,670,625
|
|
Cablevision Lightpath LLC:
|
|||
3.875% 9/15/27(d)
|
1,527,000
|
1,483,099
|
|
5.625% 9/15/28(d)
|
1,575,000
|
1,539,563
|
|
Connect Finco SARL / Connect U.S. Finco LLC 6.75% 10/1/26 (d)
|
1,515,000
|
1,579,388
|
|
Consolidated Communications, Inc.:
|
|||
5% 10/1/28(d)
|
570,000
|
561,074
|
|
6.5% 10/1/28(d)
|
995,000
|
1,032,313
|
|
Embarq Corp. 7.995% 6/1/36
|
825,000
|
904,357
|
|
Frontier Communications Holdings LLC:
|
|||
5% 5/1/28(d)
|
3,525,000
|
3,534,905
|
|
5.875% 10/15/27(d)
|
3,084,000
|
3,184,770
|
|
5.875% 11/1/29
|
1,365,000
|
1,341,972
|
|
6% 1/15/30(d)
|
1,095,000
|
1,077,141
|
|
6.75% 5/1/29(d)
|
2,590,000
|
2,665,874
|
|
Holdco SASU:
|
|||
6.5% 10/15/26(d)
|
3,250,000
|
3,323,710
|
|
7% 10/15/28(d)
|
1,350,000
|
1,383,750
|
|
Level 3 Financing, Inc.:
|
|||
3.625% 1/15/29(d)
|
1,357,000
|
1,255,225
|
|
3.75% 7/15/29(d)
|
2,200,000
|
2,043,250
|
|
4.25% 7/1/28(d)
|
2,905,000
|
2,832,375
|
|
4.625% 9/15/27(d)
|
2,470,000
|
2,502,110
|
|
Lumen Technologies, Inc.:
|
|||
4.5% 1/15/29(d)
|
6,165,000
|
5,796,888
|
|
5.125% 12/15/26(d)
|
5,310,000
|
5,319,293
|
|
5.375% 6/15/29(d)
|
1,295,000
|
1,261,097
|
|
6.875% 1/15/28
|
613,000
|
672,627
|
|
7.6% 9/15/39
|
1,634,000
|
1,748,380
|
|
7.65% 3/15/42
|
587,000
|
631,518
|
|
Northwest Fiber LLC/Northwest Fiber Finance Sub, Inc.:
|
|||
6% 2/15/28(d)
|
340,000
|
323,000
|
|
10.75% 6/1/28(d)
|
1,811,000
|
1,989,836
|
|
Sprint Capital Corp.:
|
|||
6.875% 11/15/28
|
4,777,000
|
5,897,541
|
|
8.75% 3/15/32
|
3,534,000
|
5,224,666
|
|
Switch Ltd. 4.125% 6/15/29 (d)
|
750,000
|
753,394
|
|
Telecom Italia Capital SA:
|
|||
6% 9/30/34
|
1,442,000
|
1,450,710
|
|
7.2% 7/18/36
|
1,003,000
|
1,092,478
|
|
7.721% 6/4/38
|
250,000
|
283,808
|
|
Telenet Finance Luxembourg Notes SARL 5.5% 3/1/28 (d)
|
2,000,000
|
2,061,000
|
|
Virgin Media Finance PLC 5% 7/15/30 (d)
|
335,000
|
324,950
|
|
Windstream Escrow LLC 7.75% 8/15/28 (d)
|
3,840,000
|
4,000,550
|
|
Zayo Group Holdings, Inc.:
|
|||
4% 3/1/27(d)
|
2,230,000
|
2,124,075
|
|
6.125% 3/1/28(d)
|
3,353,000
|
3,156,011
|
|
111,506,414
|
|||
Entertainment - 0.3%
|
|||
AMC Entertainment Holdings, Inc. 12% 6/15/26 pay-in-kind (d)(e)
|
1,802,120
|
1,831,404
|
|
Cinemark U.S.A., Inc. 5.25% 7/15/28 (d)
|
1,115,000
|
1,056,463
|
|
Live Nation Entertainment, Inc. 4.75% 10/15/27 (d)
|
705,000
|
705,000
|
|
National CineMedia LLC 5.75% 8/15/26
|
475,000
|
371,688
|
|
Netflix, Inc. 6.375% 5/15/29
|
6,490,000
|
8,078,330
|
|
Roblox Corp. 3.875% 5/1/30 (d)
|
3,080,000
|
3,087,700
|
|
15,130,585
|
|||
Media - 4.3%
|
|||
Advantage Sales & Marketing, Inc. 6.5% 11/15/28 (d)
|
4,794,000
|
4,905,413
|
|
Altice Financing SA:
|
|||
5% 1/15/28(d)
|
7,935,000
|
7,417,995
|
|
5.75% 8/15/29(d)
|
8,170,000
|
7,781,231
|
|
Altice France Holding SA 6% 2/15/28 (d)
|
11,410,000
|
10,682,613
|
|
CCO Holdings LLC/CCO Holdings Capital Corp.:
|
|||
4.25% 2/1/31(d)
|
11,600,000
|
11,427,044
|
|
4.25% 1/15/34(d)
|
1,115,000
|
1,072,630
|
|
4.5% 8/15/30(d)
|
6,720,000
|
6,773,390
|
|
4.5% 5/1/32
|
9,704,000
|
9,664,020
|
|
4.5% 6/1/33(d)
|
6,715,000
|
6,614,275
|
|
4.75% 3/1/30(d)
|
1,506,000
|
1,543,093
|
|
5% 2/1/28(d)
|
3,358,000
|
3,458,740
|
|
5.125% 5/1/27(d)
|
1,250,000
|
1,286,606
|
|
5.375% 6/1/29(d)
|
4,510,000
|
4,770,768
|
|
5.5% 5/1/26(d)
|
1,475,000
|
1,522,495
|
|
Clear Channel Outdoor Holdings, Inc.:
|
|||
7.5% 6/1/29(d)
|
1,475,000
|
1,515,563
|
|
7.75% 4/15/28(d)
|
2,650,000
|
2,762,062
|
|
Clear Channel Worldwide Holdings, Inc. 5.125% 8/15/27 (d)
|
665,000
|
671,650
|
|
CSC Holdings LLC:
|
|||
3.375% 2/15/31(d)
|
1,020,000
|
931,648
|
|
4.125% 12/1/30(d)
|
3,352,000
|
3,207,763
|
|
4.625% 12/1/30(d)
|
11,707,000
|
10,887,510
|
|
5% 11/15/31(d)
|
1,805,000
|
1,687,675
|
|
5.375% 2/1/28(d)
|
2,840,000
|
2,900,350
|
|
5.5% 4/15/27(d)
|
860,000
|
882,975
|
|
5.75% 1/15/30(d)
|
4,805,000
|
4,705,921
|
|
6.5% 2/1/29(d)
|
2,635,000
|
2,785,827
|
|
7.5% 4/1/28(d)
|
5,500,000
|
5,836,875
|
|
Diamond Sports Group LLC/Diamond Sports Finance Co.:
|
|||
5.375% 8/15/26(d)
|
9,480,000
|
4,194,900
|
|
6.625% 8/15/27(d)
|
15,605,000
|
3,269,794
|
|
DIRECTV Holdings LLC/DIRECTV Financing, Inc. 5.875% 8/15/27 (d)
|
1,275,000
|
1,297,376
|
|
DISH DBS Corp.:
|
|||
5% 3/15/23
|
926,000
|
940,816
|
|
5.125% 6/1/29
|
4,530,000
|
3,978,020
|
|
5.25% 12/1/26(d)
|
1,535,000
|
1,520,279
|
|
5.75% 12/1/28(d)
|
2,300,000
|
2,266,259
|
|
5.875% 11/15/24
|
649,000
|
656,438
|
|
7.375% 7/1/28
|
2,155,000
|
2,111,900
|
|
7.75% 7/1/26
|
6,324,000
|
6,497,910
|
|
Dolya Holdco 18 DAC 5% 7/15/28 (d)
|
2,112,000
|
2,081,334
|
|
Gray Escrow II, Inc. 5.375% 11/15/31 (d)
|
1,675,000
|
1,678,585
|
|
Gray Television, Inc.:
|
|||
5.875% 7/15/26(d)
|
765,000
|
787,721
|
|
7% 5/15/27(d)
|
1,175,000
|
1,245,500
|
|
iHeartCommunications, Inc.:
|
|||
5.25% 8/15/27(d)
|
1,490,000
|
1,512,127
|
|
8.375% 5/1/27
|
12,390,000
|
13,036,139
|
|
LCPR Senior Secured Financing DAC 6.75% 10/15/27 (d)
|
345,000
|
357,675
|
|
Midas Opco Holdings LLC 5.625% 8/15/29 (d)
|
4,320,000
|
4,352,400
|
|
News Corp. 3.875% 5/15/29 (d)
|
1,150,000
|
1,130,168
|
|
Nexstar Broadcasting, Inc.:
|
|||
4.75% 11/1/28(d)
|
3,100,000
|
3,095,658
|
|
5.625% 7/15/27(d)
|
13,000
|
13,488
|
|
Outfront Media Capital LLC / Corp.:
|
|||
4.25% 1/15/29(d)
|
350,000
|
340,375
|
|
6.25% 6/15/25(d)
|
355,000
|
369,200
|
|
Radiate Holdco LLC/Radiate Financial Service Ltd.:
|
|||
4.5% 9/15/26(d)
|
3,597,000
|
3,574,627
|
|
6.5% 9/15/28(d)
|
7,560,000
|
7,330,932
|
|
Scripps Escrow II, Inc.:
|
|||
3.875% 1/15/29(d)
|
600,000
|
596,250
|
|
5.375% 1/15/31(d)
|
1,175,000
|
1,180,875
|
|
Scripps Escrow, Inc. 5.875% 7/15/27 (d)
|
200,000
|
205,190
|
|
Sinclair Television Group, Inc.:
|
|||
5.125% 2/15/27(d)
|
1,615,000
|
1,495,320
|
|
5.875% 3/15/26(d)
|
1,595,000
|
1,599,394
|
|
Sirius XM Radio, Inc.:
|
|||
3.125% 9/1/26(d)
|
745,000
|
733,832
|
|
3.875% 9/1/31(d)
|
1,335,000
|
1,264,913
|
|
4% 7/15/28(d)
|
3,785,000
|
3,742,419
|
|
4.125% 7/1/30(d)
|
2,200,000
|
2,149,224
|
|
5% 8/1/27(d)
|
800,000
|
823,760
|
|
5.5% 7/1/29(d)
|
1,895,000
|
2,010,102
|
|
Tegna, Inc.:
|
|||
4.625% 3/15/28
|
845,000
|
841,662
|
|
5% 9/15/29
|
380,000
|
380,950
|
|
Townsquare Media, Inc. 6.875% 2/1/26 (d)
|
1,655,000
|
1,735,516
|
|
Univision Communications, Inc.:
|
|||
4.5% 5/1/29(d)
|
4,440,000
|
4,436,936
|
|
5.125% 2/15/25(d)
|
2,545,000
|
2,581,406
|
|
6.625% 6/1/27(d)
|
4,225,000
|
4,519,483
|
|
9.5% 5/1/25(d)
|
1,222,000
|
1,310,595
|
|
Virgin Media Secured Finance PLC:
|
|||
4.5% 8/15/30(d)
|
1,900,000
|
1,856,927
|
|
5.5% 5/15/29(d)
|
860,000
|
893,549
|
|
VTR Finance BV 6.375% 7/15/28 (d)
|
660,000
|
686,400
|
|
Ziggo Bond Co. BV 5.125% 2/28/30 (d)
|
1,235,000
|
1,234,111
|
|
Ziggo BV 4.875% 1/15/30 (d)
|
1,570,000
|
1,588,644
|
|
223,203,211
|
|||
Wireless Telecommunication Services - 0.8%
|
|||
Digicel Group Holdings Ltd. 10% 4/1/24 pay-in-kind (f)
|
324,516
|
323,908
|
|
Digicel Group Ltd. 6.75% 3/1/23 (d)
|
7,925,000
|
7,548,563
|
|
Digicel International Finance Ltd. / Digicel International Holdings Ltd.:
|
|||
8% 12/31/26(d)
|
1,250,000
|
1,215,625
|
|
8.75% 5/25/24(d)
|
5,075,000
|
5,213,928
|
|
8.75% 5/25/24(d)
|
1,570,000
|
1,610,526
|
|
13% 12/31/25 pay-in-kind(d)(f)
|
3,675,906
|
3,757,006
|
|
Intelsat Jackson Holdings SA:
|
|||
5.5% 8/1/23(g)
|
3,685,000
|
1,787,225
|
|
8.5% 10/15/24(d)(g)
|
7,200,000
|
3,618,000
|
|
9.5% 9/30/22(d)
|
3,325,000
|
3,873,625
|
|
9.75% 7/15/25(d)(g)
|
50,000
|
24,500
|
|
Sprint Corp.:
|
|||
7.125% 6/15/24
|
5,175,000
|
5,798,743
|
|
7.625% 2/15/25
|
2,050,000
|
2,347,250
|
|
7.875% 9/15/23
|
2,675,000
|
2,939,156
|
|
T-Mobile U.S.A., Inc.:
|
|||
2.625% 2/15/29
|
1,175,000
|
1,133,875
|
|
2.875% 2/15/31
|
1,100,000
|
1,064,261
|
|
Telesat Canada/Telesat LLC 6.5% 10/15/27 (d)
|
865,000
|
674,441
|
|
42,930,632
|
|||
TOTAL COMMUNICATION SERVICES
|
392,770,842
|
||
CONSUMER DISCRETIONARY - 7.2%
|
|||
Auto Components - 0.9%
|
|||
Adient Global Holdings Ltd. 4.875% 8/15/26 (d)
|
2,725,000
|
2,728,406
|
|
Albion Financing 1 SARL 6.125% 10/15/26 (d)
|
1,560,000
|
1,517,069
|
|
Albion Financing 2 SARL 8.75% 4/15/27 (d)
|
780,000
|
747,583
|
|
Allison Transmission, Inc.:
|
|||
3.75% 1/30/31(d)
|
575,000
|
549,691
|
|
5.875% 6/1/29(d)
|
1,016,000
|
1,085,647
|
|
American Axle & Manufacturing, Inc.:
|
|||
5% 10/1/29
|
3,125,000
|
2,964,844
|
|
6.25% 3/15/26
|
1,000,000
|
1,022,500
|
|
6.5% 4/1/27
|
2,855,000
|
2,960,292
|
|
6.875% 7/1/28
|
550,000
|
587,675
|
|
Cooper Standard Auto, Inc. 5.625% 11/15/26 (d)
|
1,775,000
|
1,446,945
|
|
Dana Financing Luxembourg SARL 5.75% 4/15/25 (d)
|
899,000
|
918,104
|
|
Dana, Inc.:
|
|||
4.25% 9/1/30
|
1,570,000
|
1,560,188
|
|
4.5% 2/15/32
|
875,000
|
853,221
|
|
5.375% 11/15/27
|
120,000
|
125,250
|
|
5.625% 6/15/28
|
1,215,000
|
1,278,788
|
|
Dornoch Debt Merger Sub, Inc. 6.625% 10/15/29 (d)
|
925,000
|
911,125
|
|
Nesco Holdings II, Inc. 5.5% 4/15/29 (d)
|
1,250,000
|
1,268,375
|
|
Panther BF Aggregator 2 LP / Panther Finance Co., Inc.:
|
|||
6.25% 5/15/26(d)
|
113,000
|
117,431
|
|
8.5% 5/15/27(d)
|
7,420,000
|
7,809,550
|
|
Patrick Industries, Inc.:
|
|||
4.75% 5/1/29(d)
|
1,375,000
|
1,343,650
|
|
7.5% 10/15/27(d)
|
700,000
|
742,000
|
|
Tenneco, Inc.:
|
|||
5% 7/15/26
|
2,300,000
|
2,195,488
|
|
5.125% 4/15/29(d)
|
5,545,000
|
5,364,788
|
|
7.875% 1/15/29(d)
|
2,640,000
|
2,821,500
|
|
The Goodyear Tire & Rubber Co.:
|
|||
5% 7/15/29(d)
|
3,100,000
|
3,235,935
|
|
5.25% 4/30/31
|
1,620,000
|
1,705,747
|
|
5.25% 7/15/31(d)
|
1,680,000
|
1,752,341
|
|
49,614,133
|
|||
Automobiles - 0.5%
|
|||
Ford Motor Co.:
|
|||
3.25% 2/12/32
|
1,100,000
|
1,101,870
|
|
4.75% 1/15/43
|
5,613,000
|
6,005,910
|
|
5.291% 12/8/46
|
6,800,000
|
7,678,084
|
|
7.45% 7/16/31
|
170,000
|
226,883
|
|
9% 4/22/25
|
2,845,000
|
3,455,253
|
|
9.625% 4/22/30
|
1,175,000
|
1,706,688
|
|
PM General Purchaser LLC 9.5% 10/1/28 (d)
|
3,305,000
|
3,383,874
|
|
23,558,562
|
|||
Diversified Consumer Services - 0.4%
|
|||
Adtalem Global Education, Inc. 5.5% 3/1/28 (d)
|
6,395,000
|
6,159,728
|
|
Carriage Services, Inc. 4.25% 5/15/29 (d)
|
700,000
|
686,000
|
|
GEMS MENASA Cayman Ltd. 7.125% 7/31/26 (d)
|
2,875,000
|
2,942,023
|
|
Service Corp. International:
|
|||
3.375% 8/15/30
|
1,890,000
|
1,804,950
|
|
4% 5/15/31
|
1,505,000
|
1,501,238
|
|
5.125% 6/1/29
|
460,000
|
489,900
|
|
Sotheby's 7.375% 10/15/27 (d)
|
3,660,000
|
3,824,700
|
|
WASH Multifamily Acquisition, Inc. 5.75% 4/15/26 (d)
|
3,775,000
|
3,888,250
|
|
21,296,789
|
|||
Hotels, Restaurants & Leisure - 3.5%
|
|||
1011778 BC Unlimited Liability Co./New Red Finance, Inc.:
|
|||
3.5% 2/15/29(d)
|
825,000
|
792,990
|
|
3.875% 1/15/28(d)
|
200,000
|
197,462
|
|
4% 10/15/30(d)
|
5,884,000
|
5,622,397
|
|
Affinity Gaming LLC 6.875% 12/15/27 (d)
|
2,195,000
|
2,249,875
|
|
Aramark Services, Inc. 5% 2/1/28 (d)
|
2,755,000
|
2,768,775
|
|
Boyd Gaming Corp.:
|
|||
4.75% 12/1/27
|
1,220,000
|
1,238,300
|
|
4.75% 6/15/31(d)
|
725,000
|
721,013
|
|
8.625% 6/1/25(d)
|
345,000
|
369,150
|
|
Brinker International, Inc. 5% 10/1/24 (d)
|
2,315,000
|
2,436,538
|
|
Caesars Entertainment, Inc.:
|
|||
4.625% 10/15/29(d)
|
3,310,000
|
3,227,250
|
|
6.25% 7/1/25(d)
|
3,104,000
|
3,227,477
|
|
8.125% 7/1/27(d)
|
3,665,000
|
4,021,055
|
|
Caesars Resort Collection LLC 5.75% 7/1/25 (d)
|
770,000
|
799,791
|
|
Carnival Corp.:
|
|||
4% 8/1/28(d)
|
2,990,000
|
2,898,895
|
|
5.75% 3/1/27(d)
|
6,075,000
|
5,911,886
|
|
6% 5/1/29(d)
|
4,035,000
|
3,924,038
|
|
6.65% 1/15/28
|
110,000
|
113,367
|
|
7.625% 3/1/26(d)
|
7,540,000
|
7,730,611
|
|
9.875% 8/1/27(d)
|
1,340,000
|
1,508,291
|
|
Carrols Restaurant Group, Inc. 5.875% 7/1/29 (d)
|
1,425,000
|
1,221,966
|
|
CCM Merger, Inc. 6.375% 5/1/26 (d)
|
1,450,000
|
1,508,000
|
|
Cedar Fair LP 5.25% 7/15/29
|
915,000
|
939,275
|
|
Cedar Fair LP/Canada's Wonderland Co. 5.375% 4/15/27
|
1,130,000
|
1,149,775
|
|
Churchill Downs, Inc. 5.5% 4/1/27 (d)
|
875,000
|
901,382
|
|
Cirsa Finance International SARL 4.5% 3/15/27 (d)
|
EUR
|
770,000
|
836,310
|
Dave & Buster's, Inc. 7.625% 11/1/25 (d)
|
1,892,000
|
2,005,520
|
|
Everi Holdings, Inc. 5% 7/15/29 (d)
|
300,000
|
299,696
|
|
Golden Entertainment, Inc. 7.625% 4/15/26 (d)
|
4,256,000
|
4,426,240
|
|
Golden Nugget, Inc. 6.75% 10/15/24 (d)
|
2,175,000
|
2,185,875
|
|
Hilton Domestic Operating Co., Inc.:
|
|||
3.625% 2/15/32(d)
|
2,725,000
|
2,645,076
|
|
3.75% 5/1/29(d)
|
425,000
|
421,060
|
|
4% 5/1/31(d)
|
1,930,000
|
1,933,874
|
|
5.375% 5/1/25(d)
|
330,000
|
341,306
|
|
5.75% 5/1/28(d)
|
640,000
|
676,948
|
|
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp. 4.875% 4/1/27
|
785,000
|
805,606
|
|
International Game Technology PLC:
|
|||
4.125% 4/15/26(d)
|
620,000
|
630,850
|
|
5.25% 1/15/29(d)
|
3,550,000
|
3,692,817
|
|
6.25% 1/15/27(d)
|
4,671,000
|
5,138,100
|
|
Jacobs Entertainment, Inc. 7.875% 2/1/24 (d)
|
2,745,000
|
2,799,900
|
|
Marriott International, Inc. 5.75% 5/1/25
|
53,000
|
59,816
|
|
Melco Resorts Finance Ltd.:
|
|||
5.375% 12/4/29(d)
|
1,105,000
|
1,077,850
|
|
5.75% 7/21/28(d)
|
975,000
|
957,938
|
|
Merlin Entertainments PLC 5.75% 6/15/26 (d)
|
400,000
|
413,000
|
|
MGM China Holdings Ltd.:
|
|||
4.75% 2/1/27(d)
|
1,015,000
|
984,550
|
|
5.875% 5/15/26(d)
|
820,000
|
822,973
|
|
MGM Resorts International:
|
|||
4.75% 10/15/28
|
5,188,000
|
5,292,331
|
|
5.5% 4/15/27
|
2,259,000
|
2,353,652
|
|
6.75% 5/1/25
|
1,875,000
|
1,952,344
|
|
Midwest Gaming Borrower LLC / Midwest Gaming Financial Corp. 4.875% 5/1/29 (d)
|
2,715,000
|
2,690,429
|
|
Motion Bondco DAC 6.625% 11/15/27 (d)
|
3,400,000
|
3,391,500
|
|
NCL Corp. Ltd.:
|
|||
3.625% 12/15/24(d)
|
1,742,000
|
1,598,947
|
|
5.875% 3/15/26(d)
|
2,780,000
|
2,709,444
|
|
10.25% 2/1/26(d)
|
631,000
|
722,495
|
|
NCL Finance Ltd. 6.125% 3/15/28 (d)
|
1,235,000
|
1,203,520
|
|
Peninsula Pacific Entertainment LLC 8.5% 11/15/27 (d)
|
5,250,000
|
5,677,875
|
|
Penn National Gaming, Inc.:
|
|||
4.125% 7/1/29(d)
|
650,000
|
613,405
|
|
5.625% 1/15/27(d)
|
3,025,000
|
3,095,422
|
|
Premier Entertainment Sub LLC:
|
|||
5.625% 9/1/29(d)
|
2,010,000
|
2,010,000
|
|
5.875% 9/1/31(d)
|
2,185,000
|
2,193,194
|
|
Raptor Acquisition Corp. / Raptor Co-Issuer LLC 4.875% 11/1/26 (d)
|
290,000
|
293,666
|
|
Royal Caribbean Cruises Ltd.:
|
|||
4.25% 7/1/26(d)
|
2,640,000
|
2,490,127
|
|
5.5% 8/31/26(d)
|
4,045,000
|
3,943,875
|
|
5.5% 4/1/28(d)
|
5,070,000
|
4,930,575
|
|
9.125% 6/15/23(d)
|
190,000
|
201,524
|
|
10.875% 6/1/23(d)
|
1,065,000
|
1,158,124
|
|
Scientific Games Corp.:
|
|||
5% 10/15/25(d)
|
400,000
|
410,500
|
|
7% 5/15/28(d)
|
345,000
|
366,626
|
|
7.25% 11/15/29(d)
|
3,780,000
|
4,170,569
|
|
8.25% 3/15/26(d)
|
5,405,000
|
5,689,465
|
|
8.625% 7/1/25(d)
|
2,769,000
|
2,947,960
|
|
SeaWorld Parks & Entertainment, Inc. 5.25% 8/15/29 (d)
|
2,510,000
|
2,501,215
|
|
Studio City Finance Ltd. 5% 1/15/29 (d)
|
2,135,000
|
1,921,233
|
|
Viking Cruises Ltd.:
|
|||
5.875% 9/15/27(d)
|
675,000
|
626,252
|
|
7% 2/15/29(d)
|
1,555,000
|
1,516,125
|
|
13% 5/15/25(d)
|
465,000
|
524,288
|
|
Viking Ocean Cruises Ship VII Ltd. 5.625% 2/15/29 (d)
|
845,000
|
813,313
|
|
Voc Escrow Ltd. 5% 2/15/28 (d)
|
850,000
|
814,938
|
|
Wyndham Hotels & Resorts, Inc. 4.375% 8/15/28 (d)
|
715,000
|
722,404
|
|
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp. 5.25% 5/15/27 (d)
|
3,185,000
|
3,122,192
|
|
Wynn Macau Ltd.:
|
|||
5.125% 12/15/29(d)
|
1,275,000
|
1,131,563
|
|
5.5% 1/15/26(d)
|
945,000
|
884,638
|
|
5.5% 10/1/27(d)
|
3,235,000
|
2,986,309
|
|
5.625% 8/26/28(d)
|
3,250,000
|
2,978,422
|
|
Wynn Resorts Finance LLC / Wynn Resorts Capital Corp.:
|
|||
5.125% 10/1/29(d)
|
2,130,000
|
2,082,075
|
|
7.75% 4/15/25(d)
|
1,004,000
|
1,046,188
|
|
Yum! Brands, Inc.:
|
|||
4.625% 1/31/32
|
1,480,000
|
1,508,490
|
|
5.35% 11/1/43
|
1,755,000
|
1,908,273
|
|
6.875% 11/15/37
|
2,560,000
|
3,212,800
|
|
7.75% 4/1/25(d)
|
770,000
|
811,626
|
|
181,854,777
|
|||
Household Durables - 0.6%
|
|||
Apex Tool Group LLC / BC Mountain Finance, Inc. 9% 2/15/23 (d)
|
810,000
|
785,700
|
|
Ashton Woods U.S.A. LLC/Ashton Woods Finance Co.:
|
|||
4.625% 8/1/29(d)
|
400,000
|
396,000
|
|
4.625% 4/1/30(d)
|
450,000
|
440,550
|
|
6.625% 1/15/28(d)
|
2,000,000
|
2,105,000
|
|
Beazer Homes U.S.A., Inc. 7.25% 10/15/29
|
7,175,000
|
7,867,746
|
|
Brookfield Residential Properties, Inc./Brookfield Residential U.S. Corp.:
|
|||
4.875% 2/15/30(d)
|
1,579,000
|
1,572,854
|
|
5% 6/15/29(d)
|
2,080,000
|
2,067,000
|
|
6.25% 9/15/27(d)
|
2,113,000
|
2,186,955
|
|
CD&R Smokey Buyer, Inc. 6.75% 7/15/25 (d)
|
170,000
|
177,438
|
|
Century Communities, Inc. 3.875% 8/15/29 (d)
|
275,000
|
270,912
|
|
KB Home:
|
|||
4% 6/15/31
|
2,025,000
|
2,045,027
|
|
4.8% 11/15/29
|
2,225,000
|
2,366,844
|
|
M/I Homes, Inc. 4.95% 2/1/28
|
1,335,000
|
1,375,050
|
|
Picasso Finance Sub, Inc. 6.125% 6/15/25 (d)
|
421,000
|
437,314
|
|
STL Holding Co. LLC 7.5% 2/15/26 (d)
|
1,250,000
|
1,306,250
|
|
SWF Escrow Issuer Corp. 6.5% 10/1/29 (d)
|
1,975,000
|
1,896,000
|
|
Tempur Sealy International, Inc. 4% 4/15/29 (d)
|
700,000
|
694,883
|
|
TopBuild Corp.:
|
|||
3.625% 3/15/29(d)
|
1,000,000
|
991,250
|
|
4.125% 2/15/32(d)
|
2,600,000
|
2,604,901
|
|
TRI Pointe Homes, Inc.:
|
|||
5.25% 6/1/27
|
975,000
|
1,043,250
|
|
5.7% 6/15/28
|
1,080,000
|
1,161,000
|
|
33,791,924
|
|||
Internet & Direct Marketing Retail - 0.3%
|
|||
Match Group Holdings II LLC:
|
|||
3.625% 10/1/31(d)
|
1,325,000
|
1,249,078
|
|
4.125% 8/1/30(d)
|
399,000
|
395,509
|
|
Millennium Escrow Corp. 6.625% 8/1/26 (d)
|
875,000
|
873,906
|
|
Photo Holdings Merger Sub, Inc. 8.5% 10/1/26 (d)
|
2,960,000
|
2,969,886
|
|
Terrier Media Buyer, Inc. 8.875% 12/15/27 (d)
|
10,149,000
|
10,754,895
|
|
16,243,274
|
|||
Leisure Products - 0.1%
|
|||
Mattel, Inc.:
|
|||
5.45% 11/1/41
|
380,000
|
447,876
|
|
5.875% 12/15/27(d)
|
600,000
|
639,000
|
|
6.2% 10/1/40
|
610,000
|
779,397
|
|
Vista Outdoor, Inc. 4.5% 3/15/29 (d)
|
1,425,000
|
1,421,438
|
|
3,287,711
|
|||
Multiline Retail - 0.0%
|
|||
LSF9 Atlantis Holdings LLC / Victra Finance Corp. 7.75% 2/15/26 (d)
|
1,220,000
|
1,224,868
|
|
Nordstrom, Inc.:
|
|||
4.25% 8/1/31
|
740,000
|
708,517
|
|
4.375% 4/1/30
|
495,000
|
485,768
|
|
2,419,153
|
|||
Specialty Retail - 0.7%
|
|||
Adient U.S. LLC 9% 4/15/25 (d)
|
900,000
|
954,000
|
|
Ambience Merger Sub, Inc.:
|
|||
4.875% 7/15/28(d)
|
250,000
|
247,500
|
|
7.125% 7/15/29(d)
|
2,695,000
|
2,607,413
|
|
Asbury Automotive Group, Inc.:
|
|||
4.625% 11/15/29(d)
|
780,000
|
784,926
|
|
5% 2/15/32(d)
|
905,000
|
910,760
|
|
Bath & Body Works, Inc.:
|
|||
5.25% 2/1/28
|
240,000
|
257,400
|
|
6.625% 10/1/30(d)
|
2,135,000
|
2,368,484
|
|
6.694% 1/15/27
|
780,000
|
879,450
|
|
6.95% 3/1/33
|
720,000
|
818,381
|
|
7.5% 6/15/29
|
745,000
|
830,101
|
|
Constellation Automotive Financing PLC 4.875% 7/15/27 (d)
|
GBP
|
360,000
|
464,610
|
Foot Locker, Inc. 4% 10/1/29 (d)
|
2,950,000
|
2,920,500
|
|
Gap, Inc.:
|
|||
3.625% 10/1/29(d)
|
325,000
|
310,954
|
|
3.875% 10/1/31(d)
|
975,000
|
933,095
|
|
Jaguar Land Rover Automotive PLC:
|
|||
5.875% 1/15/28(d)
|
845,000
|
855,017
|
|
7.75% 10/15/25(d)
|
2,485,000
|
2,656,639
|
|
LBM Acquisition LLC 6.25% 1/15/29 (d)
|
1,550,000
|
1,483,660
|
|
LCM Investments Holdings 4.875% 5/1/29 (d)
|
2,730,000
|
2,719,435
|
|
Metis Merger Sub LLC 6.5% 5/15/29 (d)
|
4,540,000
|
4,437,850
|
|
Park River Holdings, Inc. 5.625% 2/1/29 (d)
|
3,800,000
|
3,600,500
|
|
PetSmart, Inc. / PetSmart Finance Corp.:
|
|||
4.75% 2/15/28(d)
|
250,000
|
253,026
|
|
7.75% 2/15/29(d)
|
3,500,000
|
3,740,625
|
|
Rent-A-Center, Inc. 6.375% 2/15/29 (d)
|
345,000
|
353,773
|
|
Sally Holdings LLC 8.75% 4/30/25 (d)
|
800,000
|
854,000
|
|
Specialty Building Products Holdings LLC 6.375% 9/30/26 (d)
|
1,140,000
|
1,181,416
|
|
37,423,515
|
|||
Textiles, Apparel & Luxury Goods - 0.2%
|
|||
Kontoor Brands, Inc. 4.125% 11/15/29 (d)
|
930,000
|
927,694
|
|
Levi Strauss & Co. 3.5% 3/1/31 (d)
|
1,565,000
|
1,590,431
|
|
The William Carter Co.:
|
|||
5.5% 5/15/25(d)
|
1,150,000
|
1,194,781
|
|
5.625% 3/15/27(d)
|
1,030,000
|
1,060,426
|
|
Wolverine World Wide, Inc. 4% 8/15/29 (d)
|
3,180,000
|
3,084,600
|
|
7,857,932
|
|||
TOTAL CONSUMER DISCRETIONARY
|
377,347,770
|
||
CONSUMER STAPLES - 1.8%
|
|||
Beverages - 0.2%
|
|||
Primo Water Holdings, Inc. 4.375% 4/30/29 (d)
|
2,725,000
|
2,696,987
|
|
Triton Water Holdings, Inc. 6.25% 4/1/29 (d)
|
5,760,000
|
5,593,536
|
|
8,290,523
|
|||
Food & Staples Retailing - 0.5%
|
|||
Albertsons Companies LLC/Safeway, Inc./New Albertson's, Inc./Albertson's LLC:
|
|||
3.5% 3/15/29(d)
|
6,125,000
|
6,070,181
|
|
4.875% 2/15/30(d)
|
2,500,000
|
2,657,075
|
|
5.875% 2/15/28(d)
|
3,210,000
|
3,378,878
|
|
7.5% 3/15/26(d)
|
350,000
|
373,604
|
|
C&S Group Enterprises LLC 5% 12/15/28 (d)
|
5,010,000
|
4,667,817
|
|
Iceland Bondco PLC 4.625% 3/15/25 (Reg. S)
|
GBP
|
1,055,000
|
1,276,818
|
New Albertsons LP:
|
|||
7.45% 8/1/29
|
615,000
|
704,175
|
|
8% 5/1/31
|
415,000
|
493,850
|
|
Performance Food Group, Inc. 5.5% 10/15/27 (d)
|
2,219,000
|
2,285,570
|
|
Sigma Holdco BV 7.875% 5/15/26 (d)
|
505,000
|
488,966
|
|
U.S. Foods, Inc.:
|
|||
4.625% 6/1/30(d)
|
1,235,000
|
1,241,175
|
|
4.75% 2/15/29(d)
|
1,985,000
|
2,009,614
|
|
United Natural Foods, Inc. 6.75% 10/15/28 (d)
|
890,000
|
953,413
|
|
26,601,136
|
|||
Food Products - 0.9%
|
|||
B&G Foods, Inc. 5.25% 9/15/27
|
3,305,000
|
3,358,706
|
|
Chobani LLC/Finance Corp., Inc.:
|
|||
4.625% 11/15/28(d)
|
1,200,000
|
1,218,000
|
|
7.5% 4/15/25(d)
|
1,575,000
|
1,628,156
|
|
JBS U.S.A. LLC/JBS U.S.A. Finance, Inc. 6.75% 2/15/28 (d)
|
50,000
|
53,925
|
|
JBS U.S.A. Lux SA / JBS Food Co.:
|
|||
3.75% 12/1/31(d)
|
2,385,000
|
2,409,327
|
|
5.5% 1/15/30(d)
|
2,775,000
|
2,976,715
|
|
6.5% 4/15/29(d)
|
6,255,000
|
6,849,225
|
|
Kraft Heinz Foods Co.:
|
|||
4.375% 6/1/46
|
2,250,000
|
2,604,010
|
|
4.875% 10/1/49
|
2,035,000
|
2,537,150
|
|
5% 6/4/42
|
825,000
|
1,007,979
|
|
5.2% 7/15/45
|
650,000
|
827,285
|
|
5.5% 6/1/50
|
1,325,000
|
1,796,723
|
|
6.5% 2/9/40
|
400,000
|
569,819
|
|
6.875% 1/26/39
|
690,000
|
1,010,280
|
|
7.125% 8/1/39(d)
|
525,000
|
787,921
|
|
Lamb Weston Holdings, Inc.:
|
|||
4.125% 1/31/30(d)
|
3,215,000
|
3,205,982
|
|
4.375% 1/31/32(d)
|
1,100,000
|
1,093,928
|
|
Pilgrim's Pride Corp. 5.875% 9/30/27 (d)
|
3,865,000
|
4,058,250
|
|
Post Holdings, Inc.:
|
|||
4.5% 9/15/31(d)
|
3,335,000
|
3,218,342
|
|
4.625% 4/15/30(d)
|
3,304,000
|
3,262,700
|
|
5.5% 12/15/29(d)
|
2,114,000
|
2,186,848
|
|
5.625% 1/15/28(d)
|
690,000
|
710,224
|
|
5.75% 3/1/27(d)
|
580,000
|
597,441
|
|
TreeHouse Foods, Inc. 4% 9/1/28
|
850,000
|
805,894
|
|
48,774,830
|
|||
Household Products - 0.1%
|
|||
Central Garden & Pet Co.:
|
|||
4.125% 10/15/30
|
47,000
|
46,965
|
|
4.125% 4/30/31(d)
|
750,000
|
751,875
|
|
Diamond BC BV 4.625% 10/1/29 (d)
|
2,040,000
|
1,994,100
|
|
Energizer Holdings, Inc.:
|
|||
4.375% 3/31/29(d)
|
500,000
|
474,380
|
|
4.75% 6/15/28(d)
|
559,000
|
551,266
|
|
Spectrum Brands Holdings, Inc.:
|
|||
5% 10/1/29(d)
|
480,000
|
505,258
|
|
5.5% 7/15/30(d)
|
10,000
|
10,654
|
|
4,334,498
|
|||
Personal Products - 0.0%
|
|||
Prestige Brands, Inc. 3.75% 4/1/31 (d)
|
1,357,000
|
1,300,176
|
|
Tobacco - 0.1%
|
|||
Vector Group Ltd. 5.75% 2/1/29 (d)
|
3,500,000
|
3,329,375
|
|
TOTAL CONSUMER STAPLES
|
92,630,538
|
||
ENERGY - 5.6%
|
|||
Energy Equipment & Services - 0.3%
|
|||
Archrock Partners LP / Archrock Partners Finance Corp. 6.875% 4/1/27 (d)
|
865,000
|
899,600
|
|
Exterran Energy Solutions LP 8.125% 5/1/25
|
575,000
|
533,313
|
|
Nabors Industries Ltd.:
|
|||
7.25% 1/15/26(d)
|
1,420,000
|
1,221,200
|
|
7.5% 1/15/28(d)
|
3,400,000
|
2,890,000
|
|
Nabors Industries, Inc.:
|
|||
5.75% 2/1/25
|
2,300,000
|
1,922,294
|
|
7.375% 5/15/27(d)
|
75,000
|
73,500
|
|
Precision Drilling Corp.:
|
|||
6.875% 1/15/29(d)
|
525,000
|
510,563
|
|
7.125% 1/15/26(d)
|
1,000,000
|
1,006,690
|
|
Transocean Guardian Ltd. 5.875% 1/15/24 (d)
|
894,450
|
840,783
|
|
Transocean Phoenix 2 Ltd. 7.75% 10/15/24 (d)
|
519,999
|
519,999
|
|
Transocean Pontus Ltd. 6.125% 8/1/25 (d)
|
1,015,050
|
995,652
|
|
Transocean Poseidon Ltd. 6.875% 2/1/27 (d)
|
665,000
|
631,750
|
|
Transocean Proteus Ltd. 6.25% 12/1/24 (d)
|
668,250
|
661,568
|
|
Transocean Sentry Ltd. 5.375% 5/15/23 (d)
|
887,314
|
847,385
|
|
Transocean, Inc.:
|
|||
7.5% 1/15/26(d)
|
1,676,000
|
1,189,960
|
|
8% 2/1/27(d)
|
625,000
|
425,000
|
|
11.5% 1/30/27(d)
|
500,000
|
470,000
|
|
U.S.A. Compression Partners LP:
|
|||
6.875% 4/1/26
|
780,000
|
793,650
|
|
6.875% 9/1/27
|
580,000
|
594,842
|
|
17,027,749
|
|||
Oil, Gas & Consumable Fuels - 5.3%
|
|||
Aethon United BR LP / Aethon United Finance Corp. 8.25% 2/15/26 (d)
|
2,640,000
|
2,791,800
|
|
Antero Midstream Partners LP/Antero Midstream Finance Corp.:
|
|||
5.375% 6/15/29(d)
|
1,521,000
|
1,537,685
|
|
5.75% 3/1/27(d)
|
1,775,000
|
1,784,745
|
|
5.75% 1/15/28(d)
|
1,710,000
|
1,757,196
|
|
7.875% 5/15/26(d)
|
525,000
|
562,217
|
|
Antero Resources Corp.:
|
|||
5% 3/1/25
|
2,890,000
|
2,904,450
|
|
5.375% 3/1/30(d)
|
1,750,000
|
1,804,688
|
|
7.625% 2/1/29(d)
|
1,272,000
|
1,394,875
|
|
8.375% 7/15/26(d)
|
529,000
|
586,529
|
|
Apache Corp.:
|
|||
5.1% 9/1/40
|
875,000
|
948,728
|
|
5.25% 2/1/42
|
125,000
|
138,125
|
|
5.35% 7/1/49
|
200,000
|
228,030
|
|
7.75% 12/15/29
|
625,000
|
771,875
|
|
Ascent Resources - Utica LLC/ARU Finance Corp.:
|
|||
7% 11/1/26(d)
|
955,000
|
969,325
|
|
9% 11/1/27(d)
|
836,000
|
1,124,420
|
|
Cheniere Energy Partners LP:
|
|||
3.25% 1/31/32(d)
|
885,000
|
859,556
|
|
4% 3/1/31(d)
|
2,375,000
|
2,422,500
|
|
Cheniere Energy, Inc. 4.625% 10/15/28
|
7,026,000
|
7,236,780
|
|
Chesapeake Energy Corp.:
|
|||
5.5% 2/1/26(d)
|
750,000
|
778,125
|
|
5.875% 2/1/29(d)
|
775,000
|
821,500
|
|
Citgo Holding, Inc. 9.25% 8/1/24 (d)
|
5,285,000
|
5,152,875
|
|
Citgo Petroleum Corp.:
|
|||
6.375% 6/15/26(d)
|
4,261,000
|
4,261,000
|
|
7% 6/15/25(d)
|
10,073,000
|
10,173,730
|
|
CNX Midstream Partners LP 4.75% 4/15/30 (d)
|
350,000
|
344,750
|
|
CNX Resources Corp. 7.25% 3/14/27 (d)
|
2,621,000
|
2,766,885
|
|
Comstock Resources, Inc.:
|
|||
5.875% 1/15/30(d)
|
4,485,000
|
4,492,041
|
|
6.75% 3/1/29(d)
|
5,375,000
|
5,590,000
|
|
7.5% 5/15/25(d)
|
468,000
|
479,700
|
|
Continental Resources, Inc.:
|
|||
4.9% 6/1/44
|
285,000
|
316,119
|
|
5.75% 1/15/31(d)
|
1,445,000
|
1,683,107
|
|
Coronado Finance Pty Ltd. 10.75% 5/15/26 (d)
|
923,000
|
996,563
|
|
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.:
|
|||
5.625% 5/1/27(d)
|
7,624,000
|
7,624,000
|
|
5.75% 4/1/25
|
648,000
|
649,915
|
|
6% 2/1/29(d)
|
2,605,000
|
2,634,306
|
|
CrownRock LP/CrownRock Finance, Inc. 5% 5/1/29 (d)
|
1,000,000
|
1,005,920
|
|
CVR Energy, Inc.:
|
|||
5.25% 2/15/25(d)
|
1,694,000
|
1,613,704
|
|
5.75% 2/15/28(d)
|
4,322,000
|
4,082,086
|
|
DCP Midstream Operating LP:
|
|||
5.125% 5/15/29
|
920,000
|
1,020,188
|
|
5.625% 7/15/27
|
1,960,000
|
2,189,104
|
|
6.75% 9/15/37(d)
|
1,350,000
|
1,782,000
|
|
8.125% 8/16/30
|
1,540,000
|
2,059,750
|
|
Delek Logistics Partners LP 7.125% 6/1/28 (d)
|
2,015,000
|
2,085,525
|
|
DT Midstream, Inc. 4.125% 6/15/29 (d)
|
250,000
|
248,438
|
|
EG Global Finance PLC:
|
|||
6.75% 2/7/25(d)
|
4,685,000
|
4,720,138
|
|
8.5% 10/30/25(d)
|
4,239,000
|
4,358,243
|
|
Endeavor Energy Resources LP/EER Finance, Inc.:
|
|||
5.75% 1/30/28(d)
|
4,602,000
|
4,786,080
|
|
6.625% 7/15/25(d)
|
600,000
|
630,750
|
|
EnLink Midstream LLC 5.625% 1/15/28 (d)
|
390,000
|
399,750
|
|
EQM Midstream Partners LP:
|
|||
4.125% 12/1/26
|
475,000
|
475,000
|
|
5.5% 7/15/28
|
50,000
|
53,000
|
|
6.5% 7/1/27(d)
|
1,967,000
|
2,124,360
|
|
EQT Corp.:
|
|||
3.9% 10/1/27
|
2,338,000
|
2,437,459
|
|
6.625% 2/1/25(f)
|
1,115,000
|
1,240,315
|
|
7.5% 2/1/30
|
2,297,000
|
2,898,837
|
|
Global Partners LP/GLP Finance Corp.:
|
|||
6.875% 1/15/29
|
2,145,000
|
2,198,625
|
|
7% 8/1/27
|
1,212,000
|
1,248,360
|
|
Gulfport Energy Corp. 8% 5/17/26 (d)
|
1,200,000
|
1,290,000
|
|
Harvest Midstream I LP 7.5% 9/1/28 (d)
|
1,525,000
|
1,580,251
|
|
Hess Midstream Partners LP:
|
|||
4.25% 2/15/30(d)
|
315,000
|
304,778
|
|
5.125% 6/15/28(d)
|
1,220,000
|
1,247,450
|
|
Hilcorp Energy I LP/Hilcorp Finance Co.:
|
|||
5.75% 2/1/29(d)
|
1,120,000
|
1,101,912
|
|
6% 2/1/31(d)
|
1,190,000
|
1,183,039
|
|
6.25% 11/1/28(d)
|
2,000,000
|
2,030,000
|
|
Holly Energy Partners LP/Holly Energy Finance Corp. 5% 2/1/28 (d)
|
1,800,000
|
1,791,000
|
|
Independence Energy Finance LLC 7.25% 5/1/26 (d)
|
1,630,000
|
1,690,310
|
|
Magnolia Oil & Gas Operating LLC 6% 8/1/26 (d)
|
3,630,000
|
3,712,546
|
|
MEG Energy Corp.:
|
|||
5.875% 2/1/29(d)
|
1,830,000
|
1,815,726
|
|
7.125% 2/1/27(d)
|
2,732,000
|
2,793,470
|
|
Mesquite Energy, Inc. 7.25% 2/15/23 (c)(d)(g)
|
3,242,000
|
0
|
|
Murphy Oil U.S.A., Inc. 3.75% 2/15/31 (d)
|
425,000
|
409,341
|
|
New Fortress Energy, Inc.:
|
|||
6.5% 9/30/26(d)
|
4,735,000
|
4,476,138
|
|
6.75% 9/15/25(d)
|
5,109,000
|
4,905,917
|
|
NGL Energy Operating LLC/NGL Energy Finance Corp. 7.5% 2/1/26 (d)
|
9,850,000
|
9,779,523
|
|
NGL Energy Partners LP/NGL Energy Finance Corp. 7.5% 11/1/23
|
2,315,000
|
2,205,871
|
|
Occidental Petroleum Corp.:
|
|||
3% 2/15/27
|
1,572,000
|
1,519,401
|
|
4.1% 2/15/47
|
500,000
|
476,250
|
|
4.4% 4/15/46
|
400,000
|
393,064
|
|
4.625% 6/15/45
|
225,000
|
227,216
|
|
5.5% 12/1/25
|
100,000
|
106,921
|
|
5.55% 3/15/26
|
150,000
|
160,355
|
|
5.875% 9/1/25
|
225,000
|
241,686
|
|
6.125% 1/1/31
|
3,010,000
|
3,507,553
|
|
6.375% 9/1/28
|
680,000
|
775,200
|
|
6.45% 9/15/36
|
855,000
|
1,061,688
|
|
6.625% 9/1/30
|
335,000
|
401,889
|
|
7.15% 5/15/28
|
1,325,000
|
1,523,750
|
|
7.5% 5/1/31
|
4,115,000
|
5,186,690
|
|
7.875% 9/15/31
|
700,000
|
911,750
|
|
7.95% 6/15/39
|
1,225,000
|
1,592,500
|
|
8.5% 7/15/27
|
1,640,000
|
1,990,222
|
|
8.875% 7/15/30
|
5,600,000
|
7,353,780
|
|
Ovintiv, Inc.:
|
|||
6.5% 8/15/34
|
160,000
|
204,127
|
|
6.5% 2/1/38
|
550,000
|
700,690
|
|
Parkland Corp.:
|
|||
4.5% 10/1/29(d)
|
1,075,000
|
1,056,317
|
|
4.625% 5/1/30(d)
|
950,000
|
936,387
|
|
PBF Holding Co. LLC/PBF Finance Corp. 9.25% 5/15/25 (d)
|
4,948,000
|
4,576,900
|
|
Petroleos Mexicanos:
|
|||
6.625% 6/15/35
|
1,460,000
|
1,342,561
|
|
7.69% 1/23/50
|
1,795,000
|
1,610,671
|
|
Range Resources Corp.:
|
|||
4.875% 5/15/25
|
1,800,000
|
1,836,378
|
|
5% 3/15/23
|
1,104,000
|
1,119,158
|
|
8.25% 1/15/29(d)
|
520,000
|
573,227
|
|
9.25% 2/1/26
|
1,275,000
|
1,369,694
|
|
Rockcliff Energy II LLC 5.5% 10/15/29 (d)
|
880,000
|
888,219
|
|
Rockies Express Pipeline LLC:
|
|||
3.6% 5/15/25(d)
|
435,000
|
445,832
|
|
4.8% 5/15/30(d)
|
100,000
|
103,500
|
|
4.95% 7/15/29(d)
|
1,070,000
|
1,122,163
|
|
6.875% 4/15/40(d)
|
385,000
|
429,275
|
|
7.5% 7/15/38(d)
|
2,800,000
|
3,094,000
|
|
SM Energy Co.:
|
|||
5.625% 6/1/25
|
895,000
|
886,050
|
|
6.5% 7/15/28
|
920,000
|
929,200
|
|
6.75% 9/15/26
|
290,000
|
290,725
|
|
Southwestern Energy Co.:
|
|||
5.375% 2/1/29
|
300,000
|
309,000
|
|
5.375% 3/15/30
|
2,800,000
|
2,915,500
|
|
Sunoco LP/Sunoco Finance Corp.:
|
|||
4.5% 5/15/29
|
2,535,000
|
2,500,778
|
|
4.5% 4/30/30(d)
|
1,225,000
|
1,212,750
|
|
5.875% 3/15/28
|
140,000
|
146,300
|
|
6% 4/15/27
|
200,000
|
207,254
|
|
Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp.:
|
|||
5.5% 1/15/28(d)
|
2,398,000
|
2,341,048
|
|
6% 3/1/27(d)
|
8,970,000
|
9,194,250
|
|
6% 12/31/30(d)
|
5,885,000
|
5,815,189
|
|
6% 9/1/31(d)
|
2,605,000
|
2,520,338
|
|
7.5% 10/1/25(d)
|
1,875,000
|
1,987,500
|
|
Targa Resources Partners LP/Targa Resources Partners Finance Corp.:
|
|||
4% 1/15/32(d)
|
4,690,000
|
4,844,864
|
|
4.875% 2/1/31
|
2,110,000
|
2,262,975
|
|
5% 1/15/28
|
250,000
|
258,473
|
|
5.375% 2/1/27
|
3,800,000
|
3,885,500
|
|
6.5% 7/15/27
|
1,585,000
|
1,685,996
|
|
6.875% 1/15/29
|
3,505,000
|
3,882,418
|
|
Venture Global Calcasieu Pass LLC:
|
|||
3.875% 8/15/29(d)
|
2,870,000
|
2,881,911
|
|
4.125% 8/15/31(d)
|
3,140,000
|
3,211,152
|
|
Vine Energy Holdings LLC 6.75% 4/15/29 (d)
|
4,180,000
|
4,451,700
|
|
Western Gas Partners LP:
|
|||
4.35% 2/1/25(e)
|
500,000
|
517,500
|
|
5.3% 2/1/30
|
2,600,000
|
2,798,380
|
|
5.45% 4/1/44
|
75,000
|
86,625
|
|
5.5% 8/15/48
|
1,025,000
|
1,183,875
|
|
6.5% 2/1/50
|
350,000
|
399,714
|
|
277,009,023
|
|||
TOTAL ENERGY
|
294,036,772
|
||
FINANCIALS - 2.6%
|
|||
Capital Markets - 0.2%
|
|||
AssuredPartners, Inc. 5.625% 1/15/29 (d)
|
790,000
|
758,400
|
|
Broadstreet Partners, Inc. 5.875% 4/15/29 (d)
|
800,000
|
776,000
|
|
Coinbase Global, Inc. 3.375% 10/1/28 (d)
|
1,360,000
|
1,278,400
|
|
Jane Street Group LLC/JSG Finance, Inc. 4.5% 11/15/29 (d)
|
1,645,000
|
1,642,533
|
|
Jefferies Finance LLC/JFIN Co-Issuer Corp. 5% 8/15/28 (d)
|
2,050,000
|
2,050,000
|
|
Lions Gate Capital Holdings LLC 5.5% 4/15/29 (d)
|
590,000
|
597,375
|
|
LPL Holdings, Inc.:
|
|||
4% 3/15/29(d)
|
4,600,000
|
4,619,274
|
|
4.375% 5/15/31(d)
|
240,000
|
241,200
|
|
MSCI, Inc.:
|
|||
3.25% 8/15/33(d)
|
655,000
|
653,140
|
|
4% 11/15/29(d)
|
875,000
|
906,719
|
|
13,523,041
|
|||
Consumer Finance - 0.7%
|
|||
Cobra AcquisitionCo LLC 6.375% 11/1/29 (d)
|
1,170,000
|
1,155,375
|
|
Ford Motor Credit Co. LLC 5.125% 6/16/25
|
1,575,000
|
1,702,386
|
|
goeasy Ltd.:
|
|||
4.375% 5/1/26(d)
|
1,075,000
|
1,099,188
|
|
5.375% 12/1/24(d)
|
100,000
|
102,444
|
|
LFS Topco LLC 5.875% 10/15/26 (d)
|
475,000
|
491,563
|
|
Navient Corp.:
|
|||
4.875% 3/15/28
|
1,680,000
|
1,634,606
|
|
5% 3/15/27
|
3,230,000
|
3,241,725
|
|
5.5% 3/15/29
|
2,890,000
|
2,850,552
|
|
6.125% 3/25/24
|
2,435,000
|
2,552,099
|
|
6.75% 6/25/25
|
1,255,000
|
1,352,263
|
|
6.75% 6/15/26
|
700,000
|
756,350
|
|
OneMain Finance Corp.:
|
|||
3.5% 1/15/27
|
1,485,000
|
1,433,025
|
|
3.875% 9/15/28
|
2,350,000
|
2,267,750
|
|
4% 9/15/30
|
875,000
|
844,375
|
|
5.375% 11/15/29
|
2,865,000
|
3,014,968
|
|
6.125% 3/15/24
|
880,000
|
924,000
|
|
6.625% 1/15/28
|
3,701,000
|
4,099,487
|
|
6.875% 3/15/25
|
1,405,000
|
1,545,500
|
|
7.125% 3/15/26
|
3,119,000
|
3,507,011
|
|
PROG Holdings, Inc. 6% 11/15/29 (d)
|
1,920,000
|
1,896,595
|
|
SLM Corp. 4.2% 10/29/25
|
700,000
|
729,645
|
|
37,200,907
|
|||
Diversified Financial Services - 0.8%
|
|||
Cosan Luxembourg SA 7% 1/20/27 (d)
|
1,315,000
|
1,360,450
|
|
Icahn Enterprises LP/Icahn Enterprises Finance Corp.:
|
|||
4.375% 2/1/29
|
2,000,000
|
1,935,000
|
|
5.25% 5/15/27
|
7,146,000
|
7,271,055
|
|
6.25% 5/15/26
|
4,725,000
|
4,854,938
|
|
MidCap Financial Issuer Trust:
|
|||
5.625% 1/15/30(d)
|
1,305,000
|
1,233,225
|
|
6.5% 5/1/28(d)
|
2,570,000
|
2,621,400
|
|
MPH Acquisition Holdings LLC 5.5% 9/1/28 (d)
|
2,350,000
|
2,276,234
|
|
P&L Development LLC/PLD Finance Corp. 7.75% 11/15/25 (d)
|
1,665,000
|
1,677,488
|
|
United Shore Financial Services LLC:
|
|||
5.5% 4/15/29(d)
|
870,000
|
828,318
|
|
5.75% 6/15/27(d)
|
1,175,000
|
1,154,438
|
|
Venator Finance SARL/Venator Capital Management Ltd.:
|
|||
5.75% 7/15/25(d)
|
3,625,000
|
3,353,125
|
|
9.5% 7/1/25(d)
|
825,000
|
901,313
|
|
Verscend Escrow Corp. 9.75% 8/15/26 (d)
|
5,265,000
|
5,529,277
|
|
VMED O2 UK Financing I PLC:
|
|||
4.25% 1/31/31(d)
|
1,692,000
|
1,618,787
|
|
4.75% 7/15/31(d)
|
3,550,000
|
3,514,500
|
|
40,129,548
|
|||
Insurance - 0.5%
|
|||
Acrisure LLC / Acrisure Finance, Inc.:
|
|||
6% 8/1/29(d)
|
1,875,000
|
1,793,419
|
|
7% 11/15/25(d)
|
1,160,000
|
1,149,850
|
|
10.125% 8/1/26(d)
|
4,035,000
|
4,357,800
|
|
Alliant Holdings Intermediate LLC:
|
|||
4.25% 10/15/27(d)
|
2,279,000
|
2,221,501
|
|
5.875% 11/1/29(d)
|
780,000
|
759,845
|
|
6.75% 10/15/27(d)
|
7,935,000
|
8,017,445
|
|
AmWINS Group, Inc. 4.875% 6/30/29 (d)
|
4,165,000
|
4,098,277
|
|
GTCR AP Finance, Inc. 8% 5/15/27 (d)
|
1,035,000
|
1,058,883
|
|
HUB International Ltd. 5.625% 12/1/29 (d)
|
1,915,000
|
1,910,940
|
|
25,367,960
|
|||
Thrifts & Mortgage Finance - 0.4%
|
|||
Enact Holdings, Inc. 6.5% 8/15/25 (d)
|
1,565,000
|
1,701,617
|
|
Freedom Mortgage Corp.:
|
|||
6.625% 1/15/27(d)
|
1,300,000
|
1,222,000
|
|
7.625% 5/1/26(d)
|
1,575,000
|
1,520,285
|
|
Home Point Capital, Inc. 5% 2/1/26 (d)
|
3,350,000
|
3,100,660
|
|
LD Holdings Group LLC:
|
|||
6.125% 4/1/28(d)
|
1,625,000
|
1,491,588
|
|
6.5% 11/1/25(d)
|
675,000
|
645,104
|
|
MGIC Investment Corp. 5.25% 8/15/28
|
70,000
|
72,275
|
|
Nationstar Mortgage Holdings, Inc.:
|
|||
5.125% 12/15/30(d)
|
2,015,000
|
1,936,919
|
|
5.5% 8/15/28(d)
|
2,530,000
|
2,520,513
|
|
6% 1/15/27(d)
|
1,837,000
|
1,896,758
|
|
PennyMac Financial Services, Inc.:
|
|||
4.25% 2/15/29(d)
|
3,460,000
|
3,183,200
|
|
5.375% 10/15/25(d)
|
2,210,000
|
2,221,050
|
|
21,511,969
|
|||
TOTAL FINANCIALS
|
137,733,425
|
||
HEALTH CARE - 3.8%
|
|||
Biotechnology - 0.1%
|
|||
Emergent BioSolutions, Inc. 3.875% 8/15/28 (d)
|
647,000
|
614,456
|
|
Grifols Escrow Issuer SA 4.75% 10/15/28 (d)
|
1,470,000
|
1,455,300
|
|
2,069,756
|
|||
Health Care Equipment & Supplies - 0.5%
|
|||
AdaptHealth LLC:
|
|||
4.625% 8/1/29(d)
|
2,463,000
|
2,413,284
|
|
5.125% 3/1/30(d)
|
1,255,000
|
1,241,684
|
|
6.125% 8/1/28(d)
|
785,000
|
829,745
|
|
Avantor Funding, Inc. 3.875% 11/1/29 (d)
|
1,980,000
|
1,977,525
|
|
Hologic, Inc.:
|
|||
3.25% 2/15/29(d)
|
1,035,000
|
1,015,594
|
|
4.625% 2/1/28(d)
|
110,000
|
114,125
|
|
Mozart Debt Merger Sub, Inc.:
|
|||
3.875% 4/1/29(d)
|
8,585,000
|
8,477,688
|
|
5.25% 10/1/29(d)
|
9,495,000
|
9,483,131
|
|
Teleflex, Inc. 4.25% 6/1/28 (d)
|
270,000
|
272,700
|
|
25,825,476
|
|||
Health Care Providers & Services - 2.0%
|
|||
180 Medical, Inc. 3.875% 10/15/29 (d)
|
1,230,000
|
1,207,811
|
|
AMN Healthcare:
|
|||
4% 4/15/29(d)
|
1,897,000
|
1,911,228
|
|
4.625% 10/1/27(d)
|
640,000
|
657,600
|
|
Cano Health, Inc. 6.25% 10/1/28 (d)
|
2,580,000
|
2,529,638
|
|
Centene Corp. 3.375% 2/15/30
|
1,695,000
|
1,707,106
|
|
Community Health Systems, Inc.:
|
|||
4.75% 2/15/31(d)
|
1,465,000
|
1,443,029
|
|
5.625% 3/15/27(d)
|
4,385,000
|
4,494,625
|
|
6% 1/15/29(d)
|
3,145,000
|
3,270,800
|
|
6.125% 4/1/30(d)
|
4,145,000
|
3,968,838
|
|
6.875% 4/15/29(d)
|
3,120,000
|
3,066,562
|
|
8% 3/15/26(d)
|
3,080,000
|
3,218,600
|
|
8% 12/15/27(d)
|
2,945,000
|
3,149,766
|
|
DaVita HealthCare Partners, Inc.:
|
|||
3.75% 2/15/31(d)
|
2,445,000
|
2,267,065
|
|
4.625% 6/1/30(d)
|
9,705,000
|
9,583,688
|
|
HCA Holdings, Inc.:
|
|||
3.5% 9/1/30
|
2,850,000
|
2,966,779
|
|
5.625% 9/1/28
|
275,000
|
318,313
|
|
5.875% 2/1/29
|
680,000
|
798,150
|
|
7.05% 12/1/27
|
515,000
|
634,897
|
|
HealthEquity, Inc. 4.5% 10/1/29 (d)
|
2,720,000
|
2,686,000
|
|
LifePoint Health, Inc.:
|
|||
4.375% 2/15/27(d)
|
624,000
|
614,316
|
|
6.75% 4/15/25(d)
|
800,000
|
831,000
|
|
MEDNAX, Inc. 6.25% 1/15/27 (d)
|
2,525,000
|
2,635,343
|
|
ModivCare Escrow Issuer, Inc. 5% 10/1/29 (d)
|
435,000
|
431,738
|
|
Molina Healthcare, Inc. 3.875% 11/15/30 (d)
|
855,000
|
859,275
|
|
Option Care Health, Inc. 4.375% 10/31/29 (d)
|
2,835,000
|
2,821,392
|
|
Prime Healthcare Services 7.25% 11/1/25 (d)
|
3,050,000
|
3,210,735
|
|
Radiology Partners, Inc. 9.25% 2/1/28 (d)
|
2,010,000
|
2,049,436
|
|
Regionalcare Hospital Partners 9.75% 12/1/26 (d)
|
2,823,000
|
2,960,621
|
|
RegionalCare Hospital Partners Holdings, Inc. 5.375% 1/15/29 (d)
|
875,000
|
842,713
|
|
RP Escrow Issuer LLC 5.25% 12/15/25 (d)
|
2,855,000
|
2,819,313
|
|
Select Medical Corp. 6.25% 8/15/26 (d)
|
770,000
|
808,431
|
|
Tenet Healthcare Corp.:
|
|||
4.25% 6/1/29(d)
|
4,425,000
|
4,380,750
|
|
4.375% 1/15/30(d)(h)
|
5,205,000
|
5,187,719
|
|
4.625% 7/15/24
|
1,388,000
|
1,400,089
|
|
4.625% 6/15/28(d)
|
1,614,000
|
1,646,942
|
|
4.875% 1/1/26(d)
|
800,000
|
818,000
|
|
6.125% 10/1/28(d)
|
12,790,000
|
13,063,706
|
|
6.25% 2/1/27(d)
|
3,850,000
|
3,989,563
|
|
6.875% 11/15/31
|
2,695,000
|
3,072,300
|
|
7.5% 4/1/25(d)
|
2,150,000
|
2,260,768
|
|
Vizient, Inc. 6.25% 5/15/27 (d)
|
75,000
|
78,188
|
|
106,662,833
|
|||
Life Sciences Tools & Services - 0.0%
|
|||
Charles River Laboratories International, Inc.:
|
|||
3.75% 3/15/29(d)
|
625,000
|
617,969
|
|
4.25% 5/1/28(d)
|
120,000
|
121,646
|
|
739,615
|
|||
Pharmaceuticals - 1.2%
|
|||
Bausch Health Companies, Inc.:
|
|||
4.875% 6/1/28(d)
|
3,510,000
|
3,457,350
|
|
5% 1/30/28(d)
|
6,245,000
|
5,553,554
|
|
5% 2/15/29(d)
|
1,025,000
|
878,938
|
|
5.25% 1/30/30(d)
|
4,992,000
|
4,280,640
|
|
5.25% 2/15/31(d)
|
959,000
|
823,023
|
|
6.25% 2/15/29(d)
|
7,623,000
|
6,909,678
|
|
7% 1/15/28(d)
|
2,295,000
|
2,214,675
|
|
7.25% 5/30/29(d)
|
2,275,000
|
2,158,406
|
|
Catalent Pharma Solutions:
|
|||
3.125% 2/15/29(d)
|
675,000
|
643,579
|
|
3.5% 4/1/30(d)
|
3,125,000
|
3,035,625
|
|
Endo Luxembourg Finance Co. I SARL / Endo U.S., Inc. 6.125% 4/1/29 (d)
|
650,000
|
636,708
|
|
Jazz Securities DAC 4.375% 1/15/29 (d)
|
4,925,000
|
5,017,689
|
|
Organon & Co. / Organon Foreign Debt Co-Issuer BV:
|
|||
4.125% 4/30/28(d)
|
3,590,000
|
3,581,761
|
|
5.125% 4/30/31(d)
|
5,925,000
|
6,050,906
|
|
Teva Pharmaceutical Finance Netherlands III BV:
|
|||
4.75% 5/9/27
|
1,565,000
|
1,562,120
|
|
5.125% 5/9/29
|
1,420,000
|
1,387,624
|
|
6% 4/15/24
|
390,000
|
405,501
|
|
6.75% 3/1/28
|
1,500,000
|
1,605,923
|
|
7.125% 1/31/25
|
2,850,000
|
3,042,375
|
|
Valeant Pharmaceuticals International, Inc.:
|
|||
8.5% 1/31/27(d)
|
6,204,000
|
6,380,070
|
|
9.25% 4/1/26(d)
|
2,385,000
|
2,498,264
|
|
62,124,409
|
|||
TOTAL HEALTH CARE
|
197,422,089
|
||
INDUSTRIALS - 5.1%
|
|||
Aerospace & Defense - 1.4%
|
|||
Bombardier, Inc.:
|
|||
6% 2/15/28(d)
|
4,315,000
|
4,282,638
|
|
7.125% 6/15/26(d)
|
2,350,000
|
2,424,378
|
|
7.5% 12/1/24(d)
|
3,050,000
|
3,164,375
|
|
7.5% 3/15/25(d)
|
8,628,000
|
8,793,744
|
|
7.875% 4/15/27(d)
|
13,490,000
|
13,881,480
|
|
BWX Technologies, Inc. 4.125% 6/30/28 (d)
|
3,295,000
|
3,295,000
|
|
Moog, Inc. 4.25% 12/15/27 (d)
|
2,642,000
|
2,683,413
|
|
Spirit Aerosystems, Inc. 7.5% 4/15/25 (d)
|
1,700,000
|
1,778,625
|
|
The Boeing Co.:
|
|||
5.15% 5/1/30
|
3,230,000
|
3,746,776
|
|
5.805% 5/1/50
|
3,610,000
|
4,869,204
|
|
5.93% 5/1/60
|
2,425,000
|
3,351,944
|
|
TransDigm, Inc.:
|
|||
4.625% 1/15/29
|
4,515,000
|
4,325,505
|
|
5.5% 11/15/27
|
8,359,000
|
8,411,244
|
|
6.25% 3/15/26(d)
|
4,840,000
|
5,021,500
|
|
7.5% 3/15/27
|
950,000
|
990,375
|
|
8% 12/15/25(d)
|
1,815,000
|
1,912,556
|
|
72,932,757
|
|||
Airlines - 0.5%
|
|||
Air Canada 4.625% 8/15/29 (d)
|
CAD
|
720,000
|
562,755
|
American Airlines Group, Inc. 3.75% 3/1/25 (d)
|
980,000
|
872,200
|
|
American Airlines, Inc. 11.75% 7/15/25 (d)
|
3,160,000
|
3,831,500
|
|
American Airlines, Inc. / AAdvantage Loyalty IP Ltd.:
|
|||
5.5% 4/20/26(d)
|
2,760,000
|
2,818,650
|
|
5.75% 4/20/29(d)
|
5,395,000
|
5,626,365
|
|
Delta Air Lines, Inc.:
|
|||
7% 5/1/25(d)
|
1,055,000
|
1,212,112
|
|
7.375% 1/15/26
|
1,450,000
|
1,677,522
|
|
Delta Air Lines, Inc. / SkyMiles IP Ltd. 4.75% 10/20/28 (d)
|
1,030,000
|
1,128,901
|
|
Hawaiian Brand Intellectual Property Ltd. / HawaiianMiles Loyalty Ltd. 5.75% 1/20/26 (d)
|
1,815,000
|
1,854,694
|
|
Mileage Plus Holdings LLC 6.5% 6/20/27 (d)
|
1,430,000
|
1,526,525
|
|
United Airlines, Inc.:
|
|||
4.375% 4/15/26(d)
|
1,400,000
|
1,405,572
|
|
4.625% 4/15/29(d)
|
1,180,000
|
1,173,722
|
|
23,690,518
|
|||
Building Products - 0.3%
|
|||
Advanced Drain Systems, Inc. 5% 9/30/27 (d)
|
1,250,000
|
1,292,400
|
|
Cornerstone Building Brands, Inc. 6.125% 1/15/29 (d)
|
1,500,000
|
1,563,750
|
|
CP Atlas Buyer, Inc. 7% 12/1/28 (d)
|
245,000
|
235,200
|
|
Griffon Corp. 5.75% 3/1/28
|
2,550,000
|
2,628,094
|
|
Jeld-Wen, Inc.:
|
|||
4.625% 12/15/25(d)
|
450,000
|
453,938
|
|
4.875% 12/15/27(d)
|
1,276,000
|
1,304,710
|
|
Masonite International Corp.:
|
|||
3.5% 2/15/30(d)
|
725,000
|
701,829
|
|
5.375% 2/1/28(d)
|
100,000
|
104,125
|
|
New Enterprise Stone & Lime Co., Inc. 5.25% 7/15/28 (d)
|
785,000
|
783,038
|
|
PGT Innovations, Inc. 4.375% 10/1/29 (d)
|
1,124,000
|
1,114,165
|
|
Shea Homes Ltd. Partnership/Corp. 4.75% 2/15/28 (d)
|
2,250,000
|
2,244,375
|
|
Standard Industries, Inc./New Jersey:
|
|||
3.375% 1/15/31(d)
|
950,000
|
875,188
|
|
4.375% 7/15/30(d)
|
2,520,000
|
2,479,050
|
|
4.75% 1/15/28(d)
|
1,856,000
|
1,869,920
|
|
5% 2/15/27(d)
|
180,000
|
184,529
|
|
17,834,311
|
|||
Commercial Services & Supplies - 1.3%
|
|||
ACCO Brands Corp. 4.25% 3/15/29 (d)
|
1,800,000
|
1,759,500
|
|
ADT Corp. 4.125% 8/1/29 (d)
|
2,850,000
|
2,773,406
|
|
Allied Universal Holdco LLC / Allied Universal Finance Corp.:
|
|||
6% 6/1/29(d)
|
4,630,000
|
4,398,500
|
|
6.625% 7/15/26(d)
|
3,654,000
|
3,755,216
|
|
9.75% 7/15/27(d)
|
3,310,000
|
3,467,225
|
|
APi Escrow Corp. 4.75% 10/15/29 (d)
|
675,000
|
683,438
|
|
APX Group, Inc. 6.75% 2/15/27 (d)
|
1,060,000
|
1,101,923
|
|
Atlas Luxco 4 SARL / Allied Universal Holdco LLC / Allied Universal Finance Corp.:
|
|||
4.625% 6/1/28(d)
|
2,615,000
|
2,530,013
|
|
4.625% 6/1/28(d)
|
2,835,000
|
2,742,863
|
|
Brand Energy & Infrastructure Services, Inc. 8.5% 7/15/25 (d)
|
3,719,000
|
3,663,215
|
|
CoreCivic, Inc. 8.25% 4/15/26
|
5,020,000
|
5,168,040
|
|
GFL Environmental, Inc.:
|
|||
4% 8/1/28(d)
|
450,000
|
436,536
|
|
4.375% 8/15/29(d)
|
2,170,000
|
2,111,063
|
|
4.75% 6/15/29(d)
|
1,515,000
|
1,514,803
|
|
Intrado Corp. 8.5% 10/15/25 (d)
|
1,417,000
|
1,332,051
|
|
IPD BV 5.5% 12/1/25 (d)
|
EUR
|
245,000
|
283,481
|
Legends Hospitality Holding Co. LLC/Legends Hospitality Co-Issuer, Inc. 5% 2/1/26 (d)
|
2,315,000
|
2,337,456
|
|
Madison IAQ LLC:
|
|||
4.125% 6/30/28(d)
|
4,270,000
|
4,131,225
|
|
5.875% 6/30/29(d)
|
4,240,000
|
4,079,092
|
|
Nielsen Finance LLC/Nielsen Finance Co.:
|
|||
4.5% 7/15/29(d)
|
1,470,000
|
1,421,549
|
|
4.75% 7/15/31(d)
|
600,000
|
582,000
|
|
5.625% 10/1/28(d)
|
3,524,000
|
3,597,229
|
|
5.875% 10/1/30(d)
|
2,139,000
|
2,225,373
|
|
PowerTeam Services LLC 9.033% 12/4/25 (d)
|
1,050,000
|
1,055,250
|
|
Prime Securities Services Borrower LLC/Prime Finance, Inc.:
|
|||
3.375% 8/31/27(d)
|
47,000
|
44,474
|
|
5.75% 4/15/26(d)
|
1,137,000
|
1,202,378
|
|
6.25% 1/15/28(d)
|
1,845,000
|
1,874,668
|
|
Staples, Inc.:
|
|||
7.5% 4/15/26(d)
|
3,015,000
|
2,993,624
|
|
10.75% 4/15/27(d)
|
2,495,000
|
2,270,450
|
|
Stericycle, Inc. 3.875% 1/15/29 (d)
|
1,140,000
|
1,111,500
|
|
The Brink's Co. 4.625% 10/15/27 (d)
|
850,000
|
867,000
|
|
Verde Bidco SpA 4.625% 10/1/26 (d)
|
EUR
|
215,000
|
247,840
|
67,762,381
|
|||
Construction & Engineering - 0.3%
|
|||
Amsted Industries, Inc.:
|
|||
4.625% 5/15/30(d)
|
1,490,000
|
1,501,175
|
|
5.625% 7/1/27(d)
|
1,605,000
|
1,657,163
|
|
Cloud Crane LLC 10.125% 8/1/24 (d)
|
3,462,000
|
3,561,533
|
|
Great Lakes Dredge & Dock Corp. 5.25% 6/1/29 (d)
|
525,000
|
536,062
|
|
Pike Corp. 5.5% 9/1/28 (d)
|
3,569,000
|
3,601,194
|
|
Railworks Holdings LP 8.25% 11/15/28 (d)
|
1,290,000
|
1,312,575
|
|
SRS Distribution, Inc.:
|
|||
4.625% 7/1/28(d)
|
695,000
|
696,644
|
|
6% 12/1/29(d)
|
2,695,000
|
2,664,735
|
|
15,531,081
|
|||
Electrical Equipment - 0.1%
|
|||
Sensata Technologies BV 4% 4/15/29 (d)
|
1,705,000
|
1,728,870
|
|
Wesco Distribution, Inc.:
|
|||
7.125% 6/15/25(d)
|
1,975,000
|
2,086,232
|
|
7.25% 6/15/28(d)
|
1,015,000
|
1,103,813
|
|
4,918,915
|
|||
Industrial Conglomerates - 0.0%
|
|||
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.:
|
|||
4.25% 2/1/27(d)
|
815,000
|
810,192
|
|
4.75% 6/15/29(d)
|
1,500,000
|
1,492,500
|
|
2,302,692
|
|||
Machinery - 0.3%
|
|||
Hillenbrand, Inc.:
|
|||
3.75% 3/1/31
|
445,000
|
437,346
|
|
5% 9/15/26(f)
|
25,000
|
27,756
|
|
5.75% 6/15/25
|
155,000
|
162,445
|
|
Meritor, Inc. 6.25% 6/1/25 (d)
|
735,000
|
763,481
|
|
Mueller Water Products, Inc. 4% 6/15/29 (d)
|
1,615,000
|
1,615,000
|
|
Terex Corp. 5% 5/15/29 (d)
|
1,475,000
|
1,502,656
|
|
Titan International, Inc. 7% 4/30/28
|
1,325,000
|
1,361,438
|
|
Vertical Holdco GmbH 7.625% 7/15/28 (d)
|
3,170,000
|
3,310,526
|
|
Vertical U.S. Newco, Inc. 5.25% 7/15/27 (d)
|
6,415,000
|
6,523,606
|
|
Wabash National Corp. 4.5% 10/15/28 (d)
|
775,000
|
755,625
|
|
16,459,879
|
|||
Marine - 0.1%
|
|||
Seaspan Corp. 5.5% 8/1/29 (d)
|
2,945,000
|
2,922,029
|
|
Professional Services - 0.2%
|
|||
ASGN, Inc. 4.625% 5/15/28 (d)
|
620,000
|
635,934
|
|
Booz Allen Hamilton, Inc.:
|
|||
3.875% 9/1/28(d)
|
4,335,000
|
4,356,718
|
|
4% 7/1/29(d)
|
390,000
|
391,950
|
|
CoreLogic, Inc. 4.5% 5/1/28 (d)
|
695,000
|
680,231
|
|
Science Applications International Corp. 4.875% 4/1/28 (d)
|
1,845,000
|
1,886,513
|
|
TriNet Group, Inc. 3.5% 3/1/29 (d)
|
2,100,000
|
2,074,800
|
|
10,026,146
|
|||
Road & Rail - 0.2%
|
|||
Avis Budget Car Rental LLC/Avis Budget Finance, Inc.:
|
|||
4.75% 4/1/28(d)
|
525,000
|
533,531
|
|
5.75% 7/15/27(d)
|
1,450,000
|
1,493,500
|
|
Hertz Corp.:
|
|||
4.625% 12/1/26(d)
|
425,000
|
418,897
|
|
5% 12/1/29(d)
|
800,000
|
784,000
|
|
Uber Technologies, Inc. 7.5% 9/15/27 (d)
|
3,635,000
|
3,943,975
|
|
Watco Companies LLC / Watco Finance Corp. 6.5% 6/15/27 (d)
|
1,595,000
|
1,671,337
|
|
8,845,240
|
|||
Trading Companies & Distributors - 0.4%
|
|||
Alta Equipment Group, Inc. 5.625% 4/15/26 (d)
|
1,000,000
|
1,021,550
|
|
Fortress Transportation & Infrastructure Investors LLC 5.5% 5/1/28 (d)
|
1,725,000
|
1,690,500
|
|
Foundation Building Materials, Inc. 6% 3/1/29 (d)
|
1,625,000
|
1,552,119
|
|
H&E Equipment Services, Inc. 3.875% 12/15/28 (d)
|
5,935,000
|
5,768,850
|
|
United Rentals North America, Inc.:
|
|||
3.75% 1/15/32
|
940,000
|
925,900
|
|
3.875% 2/15/31
|
2,550,000
|
2,558,307
|
|
4% 7/15/30
|
3,350,000
|
3,413,181
|
|
4.875% 1/15/28
|
1,410,000
|
1,476,975
|
|
5.25% 1/15/30
|
2,400,000
|
2,586,798
|
|
20,994,180
|
|||
Transportation Infrastructure - 0.0%
|
|||
First Student Bidco, Inc./First Transit Parent, Inc. 4% 7/31/29 (d)
|
2,740,000
|
2,603,575
|
|
TOTAL INDUSTRIALS
|
266,823,704
|
||
INFORMATION TECHNOLOGY - 1.7%
|
|||
Communications Equipment - 0.3%
|
|||
Commscope Technologies LLC 6% 6/15/25 (d)
|
1,040,000
|
1,003,600
|
|
CommScope, Inc.:
|
|||
4.75% 9/1/29(d)
|
645,000
|
624,038
|
|
6% 3/1/26(d)
|
4,603,000
|
4,708,593
|
|
7.125% 7/1/28(d)
|
990,000
|
920,700
|
|
8.25% 3/1/27(d)
|
200,000
|
196,000
|
|
Hughes Satellite Systems Corp. 6.625% 8/1/26
|
3,210,000
|
3,563,100
|
|
SSL Robotics LLC 9.75% 12/31/23 (d)
|
1,581,000
|
1,704,318
|
|
ViaSat, Inc.:
|
|||
5.625% 9/15/25(d)
|
2,625,000
|
2,652,904
|
|
5.625% 4/15/27(d)
|
1,155,000
|
1,179,809
|
|
6.5% 7/15/28(d)
|
355,000
|
361,557
|
|
Viavi Solutions, Inc. 3.75% 10/1/29 (d)
|
1,050,000
|
1,026,375
|
|
17,940,994
|
|||
Electronic Equipment & Components - 0.1%
|
|||
Brightstar Escrow Corp. 9.75% 10/15/25 (d)
|
2,085,000
|
2,228,344
|
|
Sensata Technologies, Inc. 3.75% 2/15/31 (d)
|
750,000
|
736,875
|
|
TTM Technologies, Inc. 4% 3/1/29 (d)
|
4,485,000
|
4,351,257
|
|
7,316,476
|
|||
IT Services - 0.7%
|
|||
Acuris Finance U.S. 5% 5/1/28 (d)
|
3,635,000
|
3,607,738
|
|
Alliance Data Systems Corp. 4.75% 12/15/24 (d)
|
1,775,000
|
1,799,406
|
|
Arches Buyer, Inc.:
|
|||
4.25% 6/1/28(d)
|
2,160,000
|
2,138,400
|
|
6.125% 12/1/28(d)
|
1,440,000
|
1,453,968
|
|
CA Magnum Holdings 5.375% (d)(i)
|
250,000
|
255,313
|
|
CDW LLC/CDW Finance Corp. 3.25% 2/15/29
|
1,605,000
|
1,604,759
|
|
Gartner, Inc.:
|
|||
3.625% 6/15/29(d)
|
2,225,000
|
2,211,094
|
|
3.75% 10/1/30(d)
|
1,520,000
|
1,516,200
|
|
4.5% 7/1/28(d)
|
1,185,000
|
1,231,571
|
|
Go Daddy Operating Co. LLC / GD Finance Co., Inc. 3.5% 3/1/29 (d)
|
1,075,000
|
1,022,411
|
|
Presidio Holdings, Inc.:
|
|||
4.875% 2/1/27(d)
|
660,000
|
667,286
|
|
8.25% 2/1/28(d)
|
865,000
|
898,519
|
|
Rackspace Hosting, Inc.:
|
|||
3.5% 2/15/28(d)
|
2,825,000
|
2,647,053
|
|
5.375% 12/1/28(d)
|
11,645,000
|
11,237,425
|
|
Sabre GLBL, Inc.:
|
|||
7.375% 9/1/25(d)
|
660,000
|
683,100
|
|
9.25% 4/15/25(d)
|
820,000
|
912,250
|
|
Tempo Acquisition LLC 5.75% 6/1/25 (d)
|
1,505,000
|
1,563,319
|
|
Twilio, Inc. 3.875% 3/15/31
|
705,000
|
699,713
|
|
36,149,525
|
|||
Software - 0.6%
|
|||
Ascend Learning LLC:
|
|||
6.875% 8/1/25(d)
|
490,000
|
498,835
|
|
6.875% 8/1/25(d)
|
1,085,000
|
1,104,563
|
|
Black Knight InfoServ LLC 3.625% 9/1/28 (d)
|
6,080,000
|
5,934,080
|
|
Clarivate Science Holdings Corp.:
|
|||
3.875% 7/1/28(d)
|
2,505,000
|
2,462,490
|
|
4.875% 7/1/29(d)
|
1,945,000
|
1,904,641
|
|
Elastic NV 4.125% 7/15/29 (d)
|
2,225,000
|
2,180,500
|
|
Fair Isaac Corp. 5.25% 5/15/26 (d)
|
1,225,000
|
1,345,969
|
|
ION Trading Technologies Ltd. 5.75% 5/15/28 (d)
|
3,105,000
|
3,181,694
|
|
LogMeIn, Inc. 5.5% 9/1/27 (d)
|
480,000
|
477,600
|
|
MicroStrategy, Inc. 6.125% 6/15/28 (d)
|
1,065,000
|
1,067,663
|
|
NCR Corp.:
|
|||
5% 10/1/28(d)
|
675,000
|
681,750
|
|
5.125% 4/15/29(d)
|
1,725,000
|
1,743,199
|
|
5.25% 10/1/30(d)
|
1,805,000
|
1,830,577
|
|
NortonLifeLock, Inc. 5% 4/15/25 (d)
|
1,300,000
|
1,313,000
|
|
Open Text Corp.:
|
|||
3.875% 2/15/28(d)
|
550,000
|
544,500
|
|
3.875% 12/1/29(d)
|
1,980,000
|
1,968,278
|
|
5.875% 6/1/26(d)
|
325,000
|
334,588
|
|
Veritas U.S., Inc./Veritas Bermuda Ltd. 7.5% 9/1/25 (d)
|
1,285,000
|
1,323,550
|
|
29,897,477
|
|||
TOTAL INFORMATION TECHNOLOGY
|
91,304,472
|
||
MATERIALS - 3.5%
|
|||
Chemicals - 1.3%
|
|||
Avient Corp. 5.75% 5/15/25 (d)
|
100,000
|
103,627
|
|
Axalta Coating Systems LLC 3.375% 2/15/29 (d)
|
1,385,000
|
1,315,965
|
|
Axalta Coating Systems/Dutch Holding BV 4.75% 6/15/27 (d)
|
1,285,000
|
1,327,983
|
|
Consolidated Energy Finance SA 6.5% 5/15/26 (d)
|
570,000
|
585,675
|
|
Cornerstone Chemical Co. 6.75% 8/15/24 (d)
|
2,050,000
|
1,804,000
|
|
CVR Partners LP 6.125% 6/15/28 (d)
|
2,070,000
|
2,148,039
|
|
Element Solutions, Inc. 3.875% 9/1/28 (d)
|
1,177,000
|
1,165,230
|
|
EverArc Escrow SARL 5% 10/30/29 (d)
|
765,000
|
745,875
|
|
Gpd Companies, Inc. 10.125% 4/1/26 (d)
|
1,535,000
|
1,630,938
|
|
GrafTech Finance, Inc. 4.625% 12/15/28 (d)
|
1,985,000
|
2,009,217
|
|
Hexion, Inc. 7.875% 7/15/27 (d)
|
1,550,000
|
1,643,186
|
|
Ingevity Corp. 3.875% 11/1/28 (d)
|
250,000
|
239,448
|
|
Kronos Acquisition Holdings, Inc. / KIK Custom Products, Inc.:
|
|||
5% 12/31/26(d)
|
3,150,000
|
3,124,430
|
|
7% 12/31/27(d)
|
2,160,000
|
2,073,600
|
|
LSB Industries, Inc. 6.25% 10/15/28 (d)
|
275,000
|
283,954
|
|
Methanex Corp.:
|
|||
5.125% 10/15/27
|
3,311,000
|
3,459,995
|
|
5.25% 12/15/29
|
565,000
|
590,425
|
|
5.65% 12/1/44
|
1,567,000
|
1,580,993
|
|
NOVA Chemicals Corp.:
|
|||
4.25% 5/15/29(d)
|
865,000
|
847,700
|
|
4.875% 6/1/24(d)
|
800,000
|
829,000
|
|
5.25% 6/1/27(d)
|
2,575,000
|
2,703,750
|
|
Olympus Water U.S. Holding Corp.:
|
|||
4.25% 10/1/28(d)
|
2,055,000
|
1,983,075
|
|
6.25% 10/1/29(d)
|
600,000
|
575,994
|
|
Rain CII Carbon LLC/CII Carbon Corp. 7.25% 4/1/25 (d)
|
2,575,000
|
2,620,063
|
|
SCIH Salt Holdings, Inc. 6.625% 5/1/29 (d)
|
575,000
|
530,363
|
|
SCIL IV LLC / SCIL U.S.A. Holdings LLC 5.375% 11/1/26 (d)
|
705,000
|
711,183
|
|
SPCM SA 3.375% 3/15/30 (d)
|
600,000
|
573,000
|
|
The Chemours Co. LLC:
|
|||
4.625% 11/15/29(d)
|
2,665,000
|
2,575,056
|
|
5.375% 5/15/27
|
1,300,000
|
1,358,767
|
|
5.75% 11/15/28(d)
|
7,395,000
|
7,579,875
|
|
The Scotts Miracle-Gro Co.:
|
|||
4% 4/1/31(d)
|
1,275,000
|
1,239,447
|
|
4.375% 2/1/32(d)
|
650,000
|
644,001
|
|
4.5% 10/15/29
|
705,000
|
727,913
|
|
TPC Group, Inc.:
|
|||
10.5% 8/1/24(d)
|
4,960,000
|
3,521,600
|
|
10.875% 8/1/24(d)
|
911,763
|
964,189
|
|
Tronox, Inc.:
|
|||
4.625% 3/15/29(d)
|
4,250,000
|
4,122,500
|
|
6.5% 5/1/25(d)
|
1,700,000
|
1,778,625
|
|
Unifrax Escrow Issuer Corp.:
|
|||
5.25% 9/30/28(d)
|
625,000
|
614,298
|
|
7.5% 9/30/29(d)
|
400,000
|
388,000
|
|
Univar Solutions U.S.A., Inc. 5.125% 12/1/27 (d)
|
1,510,000
|
1,577,950
|
|
Valvoline, Inc.:
|
|||
3.625% 6/15/31(d)
|
750,000
|
718,125
|
|
4.25% 2/15/30(d)
|
1,389,000
|
1,377,055
|
|
W.R. Grace Holding LLC:
|
|||
4.875% 6/15/27(d)
|
720,000
|
714,375
|
|
5.625% 8/15/29(d)
|
4,050,000
|
4,072,397
|
|
71,180,881
|
|||
Construction Materials - 0.2%
|
|||
SRM Escrow Issuer LLC 6% 11/1/28 (d)
|
3,950,000
|
4,087,539
|
|
Summit Materials LLC/Summit Materials Finance Corp.:
|
|||
5.25% 1/15/29(d)
|
1,130,000
|
1,176,127
|
|
6.5% 3/15/27(d)
|
2,375,000
|
2,467,031
|
|
White Cap Buyer LLC 6.875% 10/15/28 (d)
|
1,745,000
|
1,779,900
|
|
9,510,597
|
|||
Containers & Packaging - 0.5%
|
|||
ARD Finance SA 6.5% 6/30/27 pay-in-kind (d)(f)
|
3,805,000
|
3,890,613
|
|
Ardagh Metal Packaging Finance U.S.A. LLC/Ardagh Metal Packaging Finance PLC 4% 9/1/29 (d)
|
1,240,000
|
1,205,296
|
|
Ardagh Packaging Finance PLC/Ardagh MP Holdings U.S.A., Inc.:
|
|||
4.125% 8/15/26(d)
|
605,000
|
611,843
|
|
5.25% 8/15/27(d)
|
610,000
|
597,800
|
|
5.25% 8/15/27(d)
|
1,884,000
|
1,846,320
|
|
BWAY Holding Co.:
|
|||
7.25% 4/15/25(d)
|
885,000
|
867,893
|
|
8.5% 4/15/24(d)
|
400,000
|
412,000
|
|
Graham Packaging Co., Inc. 7.125% 8/15/28 (d)
|
970,000
|
989,400
|
|
Graphic Packaging International, Inc. 3.75% 2/1/30 (d)
|
1,275,000
|
1,267,184
|
|
Intelligent Packaging Holdco I 9% 1/15/26 pay-in-kind (d)(f)
|
1,066,000
|
1,105,975
|
|
Intelligent Packaging Ltd. Finco, Inc. 6% 9/15/28 (d)
|
1,287,000
|
1,303,088
|
|
Intertape Polymer Group, Inc. 4.375% 6/15/29 (d)
|
1,470,000
|
1,455,300
|
|
OI European Group BV 4.75% 2/15/30 (d)
|
1,525,000
|
1,523,445
|
|
Owens-Brockway Glass Container, Inc.:
|
|||
6.375% 8/15/25(d)
|
650,000
|
700,375
|
|
6.625% 5/13/27(d)
|
1,775,000
|
1,857,116
|
|
Pactiv Evergreen Group Issuer, Inc. 4.375% 10/15/28 (d)
|
1,100,000
|
1,069,750
|
|
Reynolds Group Issuer, Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer (Luxembourg) SA 4% 10/15/27 (d)
|
125,000
|
120,000
|
|
TriMas Corp. 4.125% 4/15/29 (d)
|
625,000
|
625,000
|
|
Trivium Packaging Finance BV:
|
|||
5.5% 8/15/26(d)
|
1,839,000
|
1,898,436
|
|
8.5% 8/15/27(d)
|
2,547,000
|
2,661,615
|
|
26,008,449
|
|||
Metals & Mining - 1.4%
|
|||
Alcoa Nederland Holding BV:
|
|||
5.5% 12/15/27(d)
|
1,340,000
|
1,421,847
|
|
6.125% 5/15/28(d)
|
940,000
|
1,001,100
|
|
Allegheny Technologies, Inc.:
|
|||
4.875% 10/1/29
|
2,020,000
|
1,995,821
|
|
5.125% 10/1/31
|
825,000
|
814,770
|
|
5.875% 12/1/27
|
3,335,000
|
3,471,968
|
|
Arconic Corp. 6.125% 2/15/28 (d)
|
1,550,000
|
1,611,721
|
|
Big River Steel LLC/BRS Finance Corp. 6.625% 1/31/29 (d)
|
3,476,000
|
3,728,010
|
|
Compass Minerals International, Inc. 6.75% 12/1/27 (d)
|
690,000
|
704,663
|
|
Constellium NV:
|
|||
3.75% 4/15/29(d)
|
975,000
|
926,250
|
|
5.875% 2/15/26(d)
|
879,000
|
888,994
|
|
Eldorado Gold Corp. 6.25% 9/1/29 (d)
|
2,850,000
|
2,868,155
|
|
First Quantum Minerals Ltd.:
|
|||
6.5% 3/1/24(d)
|
2,185,000
|
2,217,775
|
|
6.875% 3/1/26(d)
|
1,080,000
|
1,119,150
|
|
6.875% 10/15/27(d)
|
4,470,000
|
4,699,646
|
|
7.25% 4/1/23(d)
|
4,405,000
|
4,482,308
|
|
7.5% 4/1/25(d)
|
1,081,000
|
1,107,539
|
|
FMG Resources (August 2006) Pty Ltd.:
|
|||
4.375% 4/1/31(d)
|
1,355,000
|
1,366,734
|
|
4.5% 9/15/27(d)
|
20,000
|
20,724
|
|
Freeport-McMoRan, Inc.:
|
|||
4.375% 8/1/28
|
1,175,000
|
1,225,208
|
|
4.55% 11/14/24
|
900,000
|
962,577
|
|
4.625% 8/1/30
|
775,000
|
818,373
|
|
5.4% 11/14/34
|
2,215,000
|
2,635,850
|
|
5.45% 3/15/43
|
2,840,000
|
3,500,044
|
|
Hecla Mining Co. 7.25% 2/15/28
|
4,830,000
|
5,168,100
|
|
HudBay Minerals, Inc.:
|
|||
4.5% 4/1/26(d)
|
2,005,000
|
1,969,913
|
|
6.125% 4/1/29(d)
|
3,619,000
|
3,754,713
|
|
IAMGOLD Corp. 5.75% 10/15/28 (d)
|
1,025,000
|
997,120
|
|
Joseph T. Ryerson & Son, Inc. 8.5% 8/1/28 (d)
|
930,000
|
1,016,025
|
|
Kaiser Aluminum Corp.:
|
|||
4.5% 6/1/31(d)
|
1,625,000
|
1,578,281
|
|
4.625% 3/1/28(d)
|
1,264,000
|
1,238,000
|
|
New Gold, Inc.:
|
|||
6.375% 5/15/25(d)
|
823,000
|
839,460
|
|
7.5% 7/15/27(d)
|
3,365,000
|
3,520,631
|
|
Novelis Corp.:
|
|||
3.875% 8/15/31(d)
|
750,000
|
723,750
|
|
4.75% 1/30/30(d)
|
2,085,000
|
2,105,183
|
|
Roller Bearing Co. of America, Inc. 4.375% 10/15/29 (d)
|
2,815,000
|
2,808,666
|
|
TMS International Corp. 6.25% 4/15/29 (d)
|
325,000
|
326,625
|
|
United States Steel Corp. 6.875% 3/1/29
|
1,910,000
|
2,000,725
|
|
Warrior Met Coal, Inc. 7.875% 12/1/28 (d)(h)
|
375,000
|
378,540
|
|
72,014,959
|
|||
Paper & Forest Products - 0.1%
|
|||
Glatfelter Corp. 4.75% 11/15/29 (d)
|
625,000
|
632,813
|
|
LABL, Inc.:
|
|||
5.875% 11/1/28(d)
|
625,000
|
617,578
|
|
8.25% 11/1/29(d)
|
650,000
|
620,750
|
|
Mercer International, Inc.:
|
|||
5.125% 2/1/29
|
870,000
|
859,125
|
|
5.5% 1/15/26
|
160,000
|
161,200
|
|
SPA Holdings 3 OY 4.875% 2/4/28 (d)
|
2,175,000
|
2,144,768
|
|
5,036,234
|
|||
TOTAL MATERIALS
|
183,751,120
|
||
REAL ESTATE - 2.1%
|
|||
Equity Real Estate Investment Trusts (REITs) - 1.1%
|
|||
CTR Partnership LP/CareTrust Capital Corp. 3.875% 6/30/28 (d)
|
850,000
|
833,000
|
|
MGM Growth Properties Operating Partnership LP:
|
|||
3.875% 2/15/29(d)
|
950,000
|
997,500
|
|
4.5% 1/15/28
|
2,400,000
|
2,580,000
|
|
5.75% 2/1/27
|
660,000
|
747,450
|
|
MPT Operating Partnership LP/MPT Finance Corp. 5% 10/15/27
|
2,589,000
|
2,706,748
|
|
Park Intermediate Holdings LLC:
|
|||
4.875% 5/15/29(d)
|
1,005,000
|
1,001,231
|
|
5.875% 10/1/28(d)
|
665,000
|
685,612
|
|
7.5% 6/1/25(d)
|
4,769,000
|
5,007,450
|
|
RHP Hotel Properties LP/RHP Finance Corp. 4.5% 2/15/29 (d)
|
650,000
|
632,882
|
|
RLJ Lodging Trust LP 3.75% 7/1/26 (d)
|
520,000
|
513,500
|
|
Senior Housing Properties Trust:
|
|||
4.375% 3/1/31
|
2,050,000
|
1,916,791
|
|
4.75% 5/1/24
|
825,000
|
842,325
|
|
4.75% 2/15/28
|
1,650,000
|
1,561,973
|
|
9.75% 6/15/25
|
3,280,000
|
3,542,400
|
|
The GEO Group, Inc. 6% 4/15/26
|
650,000
|
559,000
|
|
Uniti Group LP / Uniti Group Finance, Inc.:
|
|||
4.75% 4/15/28(d)
|
7,485,000
|
7,297,875
|
|
6.5% 2/15/29(d)
|
13,580,000
|
13,056,152
|
|
Uniti Group, Inc.:
|
|||
6% 1/15/30(d)
|
2,785,000
|
2,603,975
|
|
7.875% 2/15/25(d)
|
7,830,000
|
8,187,205
|
|
VICI Properties, Inc.:
|
|||
4.125% 8/15/30(d)
|
375,000
|
391,875
|
|
4.625% 12/1/29(d)
|
1,796,000
|
1,907,819
|
|
XHR LP 4.875% 6/1/29 (d)
|
505,000
|
508,788
|
|
58,081,551
|
|||
Real Estate Management & Development - 1.0%
|
|||
Country Garden Holdings Co. Ltd.:
|
|||
5.125% 1/14/27 (Reg. S)
|
2,255,000
|
2,063,325
|
|
5.625% 1/14/30 (Reg. S)
|
665,000
|
610,138
|
|
DTZ U.S. Borrower LLC 6.75% 5/15/28 (d)
|
2,320,000
|
2,482,400
|
|
Five Point Operation Co. LP 7.875% 11/15/25 (d)
|
3,019,000
|
3,129,254
|
|
Forestar Group, Inc.:
|
|||
3.85% 5/15/26(d)
|
1,850,000
|
1,836,125
|
|
5% 3/1/28(d)
|
1,677,000
|
1,704,251
|
|
Greystar Real Estate Partners 5.75% 12/1/25 (d)
|
1,871,000
|
1,899,233
|
|
Howard Hughes Corp.:
|
|||
4.125% 2/1/29(d)
|
3,340,000
|
3,291,871
|
|
4.375% 2/1/31(d)
|
2,880,000
|
2,847,830
|
|
5.375% 8/1/28(d)
|
3,640,000
|
3,803,800
|
|
Hunt Companies, Inc. 5.25% 4/15/29 (d)
|
3,075,000
|
2,990,438
|
|
Kennedy-Wilson, Inc. 4.75% 2/1/30
|
1,940,000
|
1,949,700
|
|
Mattamy Group Corp.:
|
|||
4.625% 3/1/30(d)
|
2,675,000
|
2,651,754
|
|
5.25% 12/15/27(d)
|
1,500,000
|
1,557,570
|
|
Realogy Group LLC/Realogy Co-Issuer Corp.:
|
|||
5.75% 1/15/29(d)
|
2,015,000
|
2,037,669
|
|
7.625% 6/15/25(d)
|
255,000
|
269,025
|
|
9.375% 4/1/27(d)
|
975,000
|
1,052,571
|
|
Shimao Property Holdings Ltd.:
|
|||
5.2% 1/16/27 (Reg. S)
|
960,000
|
664,320
|
|
5.6% 7/15/26 (Reg. S)
|
2,150,000
|
1,505,000
|
|
Taylor Morrison Communities, Inc./Monarch Communities, Inc.:
|
|||
5.125% 8/1/30(d)
|
3,758,000
|
4,030,455
|
|
5.75% 1/15/28(d)
|
4,020,000
|
4,408,071
|
|
6.625% 7/15/27(d)
|
2,498,000
|
2,616,655
|
|
Weekley Homes LLC/Weekley Finance Corp. 4.875% 9/15/28 (d)
|
280,000
|
288,212
|
|
49,689,667
|
|||
TOTAL REAL ESTATE
|
107,771,218
|
||
UTILITIES - 1.7%
|
|||
Electric Utilities - 1.1%
|
|||
Clearway Energy Operating LLC:
|
|||
3.75% 2/15/31(d)
|
725,000
|
716,605
|
|
4.75% 3/15/28(d)
|
265,000
|
278,250
|
|
FirstEnergy Corp. 7.375% 11/15/31
|
600,000
|
802,446
|
|
NextEra Energy Partners LP 4.5% 9/15/27 (d)
|
1,025,000
|
1,084,583
|
|
NRG Energy, Inc.:
|
|||
3.375% 2/15/29(d)
|
1,845,000
|
1,780,573
|
|
3.625% 2/15/31(d)
|
2,255,000
|
2,142,250
|
|
3.875% 2/15/32(d)
|
1,050,000
|
1,007,843
|
|
5.25% 6/15/29(d)
|
3,572,000
|
3,702,735
|
|
5.75% 1/15/28
|
325,000
|
339,625
|
|
NSG Holdings II LLC/NSG Holdings, Inc. 7.75% 12/15/25 (d)
|
886,127
|
943,725
|
|
Pattern Energy Operations LP 4.5% 8/15/28 (d)
|
220,000
|
223,835
|
|
PG&E Corp.:
|
|||
5% 7/1/28
|
7,901,000
|
8,138,030
|
|
5.25% 7/1/30
|
12,010,000
|
12,310,250
|
|
Vistra Operations Co. LLC:
|
|||
4.375% 5/1/29(d)
|
6,455,000
|
6,333,323
|
|
5% 7/31/27(d)
|
4,553,000
|
4,601,080
|
|
5.625% 2/15/27(d)
|
9,092,000
|
9,336,529
|
|
53,741,682
|
|||
Gas Utilities - 0.2%
|
|||
AmeriGas Partners LP/AmeriGas Finance Corp.:
|
|||
5.5% 5/20/25
|
990,000
|
1,059,300
|
|
5.75% 5/20/27
|
2,655,000
|
2,867,400
|
|
5.875% 8/20/26
|
2,475,000
|
2,700,869
|
|
Suburban Propane Partners LP/Suburban Energy Finance Corp.:
|
|||
5% 6/1/31(d)
|
775,000
|
765,313
|
|
5.875% 3/1/27
|
1,915,000
|
1,962,875
|
|
Superior Plus LP / Superior General Partner, Inc. 4.5% 3/15/29 (d)
|
1,305,000
|
1,329,926
|
|
10,685,683
|
|||
Independent Power and Renewable Electricity Producers - 0.4%
|
|||
Atlantica Sustainable Infrastructure PLC 4.125% 6/15/28 (d)
|
1,365,000
|
1,372,122
|
|
Calpine Corp.:
|
|||
4.5% 2/15/28(d)
|
2,857,000
|
2,841,444
|
|
4.625% 2/1/29(d)
|
425,000
|
406,938
|
|
5% 2/1/31(d)
|
4,105,000
|
3,949,626
|
|
5.125% 3/15/28(d)
|
12,213,000
|
12,090,381
|
|
5.25% 6/1/26(d)
|
396,000
|
405,129
|
|
TerraForm Global, Inc. 6.125% 3/1/26 (d)
|
1,180,000
|
1,203,600
|
|
22,269,240
|
|||
Water Utilities - 0.0%
|
|||
Solaris Midstream Holdings LLC 7.625% 4/1/26 (d)
|
825,000
|
862,307
|
|
TOTAL UTILITIES
|
87,558,912
|
||
TOTAL NONCONVERTIBLE BONDS
|
2,229,150,862
|
||
TOTAL CORPORATE BONDS
(Cost $2,230,187,279)
|
2,234,788,988
|
||
U.S. Treasury Obligations - 0.0%
|
|||
Principal
Amount (a)
|
Value ($)
|
||
U.S. Treasury Bills, yield at date of purchase 0.07% 5/19/22 (j)
(Cost $349,892)
|
350,000
|
349,855
|
|
Municipal Securities - 0.1%
|
|||
Principal
Amount (a)
|
Value ($)
|
||
Puerto Rico Commonwealth Pub. Impt. Gen. Oblig.:
|
|||
Series 2006 E, 5.25% 7/1/25
|
640,000
|
632,800
|
|
Series 2011 E, 5.5% 7/1/31
|
450,000
|
441,000
|
|
Series 2012 A, 5.25% 7/1/23
|
250,000
|
234,375
|
|
Series 2014 A, 8% 7/1/35
|
3,610,000
|
3,118,138
|
|
TOTAL MUNICIPAL SECURITIES
(Cost $4,027,176)
|
4,426,313
|
||
Common Stocks - 0.5%
|
|||
Shares
|
Value ($)
|
||
COMMUNICATION SERVICES - 0.0%
|
|||
Wireless Telecommunication Services - 0.0%
|
|||
T-Mobile U.S., Inc. (k)
|
16,000
|
1,740,960
|
|
ENERGY - 0.3%
|
|||
Energy Equipment & Services - 0.1%
|
|||
Jonah Energy Parent LLC (c)
|
29,131
|
1,508,112
|
|
Oil, Gas & Consumable Fuels - 0.2%
|
|||
Chesapeake Energy Corp.
|
112,011
|
6,669,135
|
|
Chesapeake Energy Corp. (b)
|
644
|
38,344
|
|
Civitas Resources, Inc.
|
48,551
|
2,481,442
|
|
Mesquite Energy, Inc. (c)(k)
|
46,770
|
1,808,610
|
|
10,997,531
|
|||
TOTAL ENERGY
|
12,505,643
|
||
INFORMATION TECHNOLOGY - 0.0%
|
|||
IT Services - 0.0%
|
|||
GTT Communications, Inc. rights (c)(k)
|
106,083
|
106,083
|
|
MATERIALS - 0.0%
|
|||
Chemicals - 0.0%
|
|||
TPC Group, Inc. rights (c)(k)
|
2,592,104
|
26
|
|
Metals & Mining - 0.0%
|
|||
Constellium NV (k)
|
90,000
|
1,581,300
|
|
TOTAL MATERIALS
|
1,581,326
|
||
UTILITIES - 0.2%
|
|||
Gas Utilities - 0.1%
|
|||
Ferrellgas Partners LP Class B
|
23,547
|
5,698,374
|
|
Independent Power and Renewable Electricity Producers - 0.1%
|
|||
Vistra Corp.
|
93,700
|
1,862,756
|
|
TOTAL UTILITIES
|
7,561,130
|
||
TOTAL COMMON STOCKS
(Cost $13,574,277)
|
23,495,142
|
||
Convertible Preferred Stocks - 0.2%
|
|||
Shares
|
Value ($)
|
||
HEALTH CARE - 0.1%
|
|||
Life Sciences Tools & Services - 0.1%
|
|||
Avantor, Inc. Series A, 6.25%
|
22,655
|
2,736,951
|
|
Danaher Corp. Series B, 5.00% (k)
|
1,525
|
2,606,240
|
|
5,343,191
|
|||
UTILITIES - 0.1%
|
|||
Electric Utilities - 0.1%
|
|||
American Electric Power Co., Inc.:
|
|||
6.125%
|
23,550
|
1,162,193
|
|
6.125%
|
16,200
|
789,426
|
|
NextEra Energy, Inc. 5.279% (k)
|
58,200
|
3,149,784
|
|
Southern Co. 6.75%
|
33,100
|
1,663,181
|
|
6,764,584
|
|||
TOTAL CONVERTIBLE PREFERRED STOCKS
(Cost $10,145,349)
|
12,107,775
|
||
Bank Loan Obligations - 3.4%
|
|||
Principal
Amount (a)
|
Value ($)
|
||
COMMUNICATION SERVICES - 0.4%
|
|||
Diversified Telecommunication Services - 0.0%
|
|||
Northwest Fiber LLC Tranche B 1LN, term loan 3 month U.S. LIBOR + 3.750% 3.8393% 4/30/27 (f)(l)(m)
|
1,726,325
|
1,713,913
|
|
Media - 0.1%
|
|||
Diamond Sports Group LLC Tranche B 1LN, term loan 3 month U.S. LIBOR + 3.250% 3.35% 8/24/26 (f)(l)(m)
|
3,110,491
|
1,300,185
|
|
iHeartCommunications, Inc. 1LN, term loan 3 month U.S. LIBOR + 3.000% 3.0904% 5/1/26 (f)(l)(m)
|
665,323
|
656,594
|
|
1,956,779
|
|||
Wireless Telecommunication Services - 0.3%
|
|||
Crown Subsea Communications Holding, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 5.000% 5.75% 4/20/27 (f)(l)(m)
|
1,343,897
|
1,348,372
|
|
Intelsat Jackson Holdings SA:
|
|||
term loan 3 month U.S. LIBOR + 4.750% 7/13/22 (l)(m)(n)
|
1,490,000
|
1,492,801
|
|
Tranche B, term loan 3 month U.S. LIBOR + 3.750% 8% 11/27/23 (f)(l)(m)
|
4,465,000
|
4,471,965
|
|
Tranche B-4, term loan 3 month U.S. LIBOR + 5.500% 8.75% 1/2/24 (f)(l)(m)
|
3,131,000
|
3,135,697
|
|
Tranche B-5, term loan 8.625% 1/2/24 (m)
|
1,549,000
|
1,551,912
|
|
Tranche DD 1LN, term loan 3 month U.S. LIBOR + 4.750% 5.3917% 7/13/22 (f)(l)(m)(o)
|
1,719,416
|
1,722,648
|
|
Xplornet Communications, Inc.:
|
|||
1LN, term loan 1 month U.S. LIBOR + 4.000% 9/30/28 (l)(m)(n)
|
2,800,000
|
2,784,600
|
|
2LN, term loan 1 month U.S. LIBOR + 7.000% 9/30/29 (l)(m)(n)
|
575,000
|
573,563
|
|
17,081,558
|
|||
TOTAL COMMUNICATION SERVICES
|
20,752,250
|
||
CONSUMER DISCRETIONARY - 0.2%
|
|||
Auto Components - 0.0%
|
|||
Clarios Global LP Tranche B 1LN, term loan 3 month U.S. LIBOR + 3.250% 3.3404% 4/30/26 (f)(l)(m)
|
361,801
|
356,826
|
|
Hotels, Restaurants & Leisure - 0.1%
|
|||
City Football Group Ltd. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.500% 4% 7/21/28 (f)(l)(m)
|
3,140,000
|
3,112,525
|
|
Golden Nugget LLC Tranche B 1LN, term loan 3 month U.S. LIBOR + 2.500% 3.25% 10/4/23 (f)(l)(m)
|
2,178,450
|
2,158,038
|
|
Life Time, Inc. Tranche B 1LN, term loan 3 month U.S. LIBOR + 4.750% 5.75% 12/15/24 (f)(l)(m)
|
797,477
|
802,892
|
|
6,073,455
|
|||
Household Durables - 0.1%
|
|||
Sunset Debt Merger Sub, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.000% 9/17/28 (l)(m)(n)
|
1,720,000
|
1,694,200
|
|
Internet & Direct Marketing Retail - 0.0%
|
|||
Bass Pro Group LLC Tranche B 1LN, term loan 3 month U.S. LIBOR + 4.250% 5% 3/5/28 (f)(l)(m)
|
1,563,188
|
1,561,234
|
|
Specialty Retail - 0.0%
|
|||
Mavis Tire Express Services TopCo LP 1LN, term loan 3 month U.S. LIBOR + 4.000% 5/4/28 (l)(m)(n)
|
731,913
|
731,100
|
|
TOTAL CONSUMER DISCRETIONARY
|
10,416,815
|
||
CONSUMER STAPLES - 0.0%
|
|||
Food & Staples Retailing - 0.0%
|
|||
Kouti BV Tranche B 1LN, term loan 3 month EURIBOR + 3.750% 7/1/28 (l)(m)(n)
|
EUR
|
510,000
|
576,656
|
Food Products - 0.0%
|
|||
BellRing Brands LLC Tranche B 1LN, term loan 3 month U.S. LIBOR + 4.000% 4.75% 10/21/24 (f)(l)(m)
|
882,673
|
882,197
|
|
TOTAL CONSUMER STAPLES
|
1,458,853
|
||
ENERGY - 0.3%
|
|||
Oil, Gas & Consumable Fuels - 0.3%
|
|||
Ascent Resources - Utica LLC/ARU Finance Corp. 2LN, term loan 3 month U.S. LIBOR + 9.000% 11/1/25 (l)(m)(n)
|
3,503,000
|
3,791,998
|
|
BCP Raptor LLC Tranche B, term loan 3 month U.S. LIBOR + 4.250% 5.25% 6/24/24 (f)(l)(m)
|
5,934,807
|
5,923,709
|
|
Citgo Holding, Inc. Tranche B 1LN, term loan 3 month U.S. LIBOR + 7.000% 8% 8/1/23 (f)(l)(m)
|
368,421
|
364,431
|
|
Citgo Petroleum Corp. Tranche B 1LN, term loan 3 month U.S. LIBOR + 6.250% 7.25% 3/28/24 (f)(l)(m)
|
671,657
|
669,306
|
|
EG America LLC Tranche B 1LN, term loan:
|
|||
3 month U.S. LIBOR + 4.000% 4.1315% 2/6/25 (f)(l)(m)
|
1,661,397
|
1,645,481
|
|
3 month U.S. LIBOR + 4.250% 4.75% 3/10/26 (f)(l)(m)
|
864,131
|
861,435
|
|
EG Finco Ltd. Tranche B, term loan 3 month U.S. LIBOR + 4.000% 4.1315% 2/6/25 (f)(l)(m)
|
1,109,253
|
1,098,626
|
|
Mesquite Energy, Inc.:
|
|||
1LN, term loan 3 month U.S. LIBOR + 8.000% 0% (c)(g)(l)(m)
|
864,602
|
0
|
|
term loan 3 month U.S. LIBOR + 0.000% 0% (c)(g)(l)(m)
|
373,000
|
0
|
|
Prairie ECI Acquiror LP 1LN, term loan 3 month U.S. LIBOR + 4.750% 3/11/26 (l)(m)(n)
|
765,000
|
736,527
|
|
Stonepeak Lonestar Holdings LLC Tranche B 1LN, term loan 3 month U.S. LIBOR + 4.500% 4.7178% 10/19/26 (f)(l)(m)
|
787,481
|
788,607
|
|
15,880,120
|
|||
FINANCIALS - 0.5%
|
|||
Insurance - 0.5%
|
|||
Alliant Holdings Intermediate LLC Tranche B3 1LN, term loan 1 month U.S. LIBOR + 3.500% 4% 11/6/27 (f)(l)(m)
|
1,426,000
|
1,417,344
|
|
Asurion LLC:
|
|||
Tranche B3 2LN, term loan 3 month U.S. LIBOR + 5.250% 5.3404% 1/31/28 (f)(l)(m)
|
7,288,677
|
7,219,435
|
|
Tranche B4 2LN, term loan 1 month U.S. LIBOR + 5.250% 5.3404% 1/20/29 (f)(l)(m)
|
13,930,000
|
13,782,063
|
|
Tranche B9 1LN, term loan 3 month U.S. LIBOR + 3.250% 3.3404% 7/31/27 (f)(l)(m)
|
2,213,875
|
2,181,774
|
|
HUB International Ltd. Tranche B, term loan 3 month U.S. LIBOR + 2.750% 2.8748% 4/25/25 (f)(l)(m)
|
698,627
|
684,969
|
|
25,285,585
|
|||
HEALTH CARE - 0.2%
|
|||
Health Care Providers & Services - 0.2%
|
|||
ADMI Corp. Tranche B 1LN, term loan 3 month U.S. LIBOR + 4.000% 12/23/27 (l)(m)(n)
|
1,998,550
|
1,966,493
|
|
Gainwell Acquisition Corp. Tranche B 1LN, term loan 3 month U.S. LIBOR + 4.000% 4.75% 10/1/27 (f)(l)(m)
|
5,855,789
|
5,844,838
|
|
U.S. Radiology Specialists, Inc. Tranche B 1LN, term loan 3 month U.S. LIBOR + 5.500% 6.25% 12/15/27 (f)(l)(m)
|
1,042,125
|
1,040,447
|
|
U.S. Renal Care, Inc. Tranche B 1LN, term loan 3 month U.S. LIBOR + 5.000% 5.0904% 6/13/26 (f)(l)(m)
|
406,631
|
394,566
|
|
9,246,344
|
|||
INDUSTRIALS - 0.5%
|
|||
Air Freight & Logistics - 0.0%
|
|||
Dynasty Acquisition Co., Inc. Tranche B 1LN, term loan 3 month U.S. LIBOR + 3.500% 3.6315% 4/8/26 (f)(l)(m)
|
1,479,899
|
1,435,043
|
|
Airlines - 0.2%
|
|||
AAdvantage Loyalty IP Ltd. Tranche B 1LN, term loan 3 month U.S. LIBOR + 4.750% 5.5% 4/20/28 (f)(l)(m)
|
3,550,000
|
3,641,697
|
|
Mileage Plus Holdings LLC Tranche B 1LN, term loan 3 month U.S. LIBOR + 5.250% 6.25% 7/2/27 (f)(l)(m)
|
3,420,000
|
3,563,230
|
|
United Airlines, Inc. Tranche B 1LN, term loan 3 month U.S. LIBOR + 3.750% 4.5% 4/21/28 (f)(l)(m)
|
4,581,975
|
4,562,868
|
|
11,767,795
|
|||
Building Products - 0.0%
|
|||
Acproducts Holdings, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.250% 4.75% 5/17/28 (f)(l)(m)
|
980,000
|
966,525
|
|
Commercial Services & Supplies - 0.1%
|
|||
Allied Universal Holdco LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 4.25% 5/14/28 (f)(l)(m)
|
970,000
|
960,785
|
|
Brand Energy & Infrastructure Services, Inc. Tranche B, term loan 3 month U.S. LIBOR + 4.250% 5.25% 6/21/24 (f)(l)(m)
|
1,426,675
|
1,404,162
|
|
CoreCivic, Inc. Tranche B 1LN, term loan 3 month U.S. LIBOR + 4.500% 5.5% 12/18/24 (f)(l)(m)
|
166,215
|
164,553
|
|
Intrado Corp. Tranche B 1LN, term loan 3 month U.S. LIBOR + 4.000% 5.5678% 10/10/24 (f)(l)(m)
|
5,259,089
|
5,002,130
|
|
7,531,630
|
|||
Construction & Engineering - 0.0%
|
|||
Landry's Finance Acquisition Co. Tranche B 1LN, term loan 3 month U.S. LIBOR + 12.000% 13% 10/4/23 (f)(l)(m)
|
35,863
|
38,015
|
|
Machinery - 0.1%
|
|||
Apex Tool Group, LLC Tranche B 1LN, term loan 3 month U.S. LIBOR + 5.500% 8/21/24 (l)(m)(n)
|
2,798,371
|
2,772,878
|
|
Professional Services - 0.1%
|
|||
CoreLogic, Inc. 2LN, term loan 0% 4/13/29 (f)(m)
|
755,000
|
756,888
|
|
Dun & Bradstreet Corp. Tranche B 1LN, term loan 3 month U.S. LIBOR + 4.000% 2/8/26 (l)(m)(n)
|
2,720,036
|
2,690,578
|
|
3,447,466
|
|||
TOTAL INDUSTRIALS
|
27,959,352
|
||
INFORMATION TECHNOLOGY - 1.2%
|
|||
Communications Equipment - 0.0%
|
|||
CommScope, Inc. Tranche B 1LN, term loan 3 month U.S. LIBOR + 3.250% 3.3404% 4/4/26 (f)(l)(m)
|
740,000
|
720,116
|
|
IT Services - 0.3%
|
|||
Acuris Finance U.S., Inc. 1LN, term loan 3 month U.S. LIBOR + 4.000% 4.5% 2/16/28 (f)(l)(m)
|
694,010
|
691,623
|
|
Camelot Finance SA Tranche B 1LN, term loan 3 month U.S. LIBOR + 3.000% 4% 10/31/26 (f)(l)(m)
|
1,583,038
|
1,580,394
|
|
GTT Communications, Inc. Tranche B, term loan 3 month U.S. LIBOR + 4.750% 4.88% 5/31/25 (f)(l)(m)
|
2,903,341
|
2,433,871
|
|
Peraton Corp.:
|
|||
2LN, term loan 0% 2/1/29 (f)(m)
|
550,000
|
555,044
|
|
Tranche B 1LN, term loan 3 month U.S. LIBOR + 3.750% 4.5% 2/1/28 (f)(l)(m)
|
5,930,027
|
5,908,857
|
|
Tempo Acquisition LLC Tranche B 1LN, term loan 3 month U.S. LIBOR + 3.250% 3.75% 10/31/26 (f)(l)(m)
|
2,707,581
|
2,707,581
|
|
Verscend Holding Corp. Tranche B 1LN, term loan 3 month U.S. LIBOR + 4.000% 4.0904% 8/27/25 (f)(l)(m)
|
992,411
|
989,930
|
|
14,867,300
|
|||
Software - 0.9%
|
|||
Ascend Learning LLC:
|
|||
2LN, term loan 1 month U.S. LIBOR + 5.750% 11/18/29 (l)(m)(n)
|
2,395,000
|
2,399,000
|
|
Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.500% 11/18/28 (l)(m)(n)
|
2,845,000
|
2,826,337
|
|
BMC Software, Inc. Tranche B 2LN, term loan 1 month U.S. LIBOR + 5.500% 3/23/26 (l)(m)(n)
|
1,050,000
|
1,058,663
|
|
Boxer Parent Co., Inc. Tranche B 1LN, term loan 3 month U.S. LIBOR + 3.750% 3.8815% 10/2/25 (f)(l)(m)
|
549,484
|
543,303
|
|
Finastra U.S.A., Inc.:
|
|||
Tranche 2LN, term loan 3 month U.S. LIBOR + 7.250% 8.25% 6/13/25 (f)(l)(m)
|
2,450,000
|
2,440,053
|
|
Tranche B 1LN, term loan 3 month U.S. LIBOR + 3.500% 4.5% 6/13/24 (f)(l)(m)
|
1,417,627
|
1,403,450
|
|
Greeneden U.S. Holdings II LLC Tranche B 1LN, term loan 3 month U.S. LIBOR + 4.000% 4.75% 12/1/27 (f)(l)(m)
|
1,414,312
|
1,410,182
|
|
McAfee LLC Tranche B, term loan 3 month U.S. LIBOR + 3.750% 3.8416% 9/29/24 (f)(l)(m)
|
3,838,043
|
3,832,976
|
|
Polaris Newco LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.000% 4.5% 6/2/28 (f)(l)(m)
|
1,845,000
|
1,836,771
|
|
Proofpoint, Inc.:
|
|||
2LN, term loan 0% 5/27/29 (f)(m)
|
520,000
|
525,850
|
|
Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.250% 3.75% 8/31/28 (f)(l)(m)
|
1,295,000
|
1,281,687
|
|
Rackspace Technology Global, Inc. Tranche B 1LN, term loan 3 month U.S. LIBOR + 2.750% 3.5% 2/15/28 (f)(l)(m)
|
2,280,395
|
2,245,939
|
|
RealPage, Inc. 2LN, term loan 3 month U.S. LIBOR + 0.000% 2/17/29 (l)(m)(n)
|
1,475,000
|
1,498,349
|
|
Renaissance Holding Corp. Tranche B 2LN, term loan 3 month U.S. LIBOR + 7.000% 7.0904% 5/31/26 (f)(l)(m)
|
690,000
|
690,863
|
|
Skillsoft Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.750% 7/16/28 (l)(m)(n)
|
2,025,000
|
2,028,382
|
|
TIBCO Software, Inc. Tranche B2 1LN, term loan 3 month U.S. LIBOR + 3.750% 7/3/26 (l)(m)(n)
|
3,853,609
|
3,805,439
|
|
UKG, Inc.:
|
|||
2LN, term loan 3 month U.S. LIBOR + 6.750% 7.5% 5/3/27 (f)(l)(m)
|
4,520,000
|
4,553,900
|
|
Tranche B 1LN, term loan 3 month U.S. LIBOR + 3.250% 4% 5/4/26 (f)(l)(m)
|
4,384,727
|
4,358,682
|
|
Ultimate Software Group, Inc.:
|
|||
1LN, term loan 1 month U.S. LIBOR + 3.250% 5/3/26 (l)(m)(n)
|
305,000
|
303,188
|
|
2LN, term loan 1 month U.S. LIBOR + 5.250% 5/3/27 (l)(m)(n)
|
5,200,000
|
5,214,612
|
|
44,257,626
|
|||
TOTAL INFORMATION TECHNOLOGY
|
59,845,042
|
||
MATERIALS - 0.1%
|
|||
Chemicals - 0.1%
|
|||
Consolidated Energy Finance SA Tranche B 1LN, term loan 3 month U.S. LIBOR + 3.500% 4% 5/7/25 (c)(f)(l)(m)
|
2,633,400
|
2,567,565
|
|
Hexion, Inc. Tranche B 1LN, term loan 3 month U.S. LIBOR + 3.500% 3.64% 7/1/26 (f)(l)(m)
|
1,331,711
|
1,330,885
|
|
Olympus Water U.S. Holding Corp. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 4.25% 11/9/28 (f)(l)(m)
|
1,300,000
|
1,287,975
|
|
5,186,425
|
|||
REAL ESTATE - 0.0%
|
|||
Real Estate Management & Development - 0.0%
|
|||
Brookfield Retail Holdings VII Sub 3 LLC Tranche B, term loan 3 month U.S. LIBOR + 2.500% 8/24/25 (l)(m)(n)
|
962,103
|
945,671
|
|
UTILITIES - 0.0%
|
|||
Electric Utilities - 0.0%
|
|||
Heritage Power LLC Tranche B 1LN, term loan 3 month U.S. LIBOR + 4.750% 6/28/26 (l)(m)(n)
|
1,712,853
|
1,421,668
|
|
PG&E Corp. Tranche B 1LN, term loan 3 month U.S. LIBOR + 3.000% 3.5% 6/23/25 (f)(l)(m)
|
745,000
|
735,457
|
|
2,157,125
|
|||
TOTAL BANK LOAN OBLIGATIONS
(Cost $179,647,065)
|
179,133,582
|
||
Fixed-Income Funds - 51.7%
|
|||
Shares
|
Value ($)
|
||
High Yield Fixed-Income Funds - 51.7%
|
|||
Artisan High Income Fund Investor Shares
|
61,860,168
|
611,178,382
|
|
BlackRock High Yield Bond Portfolio Class K
|
66,922,859
|
517,982,930
|
|
Eaton Vance Income Fund of Boston Class A
|
37,222,737
|
205,469,510
|
|
Fidelity Capital & Income Fund (p)
|
52,730,155
|
591,632,334
|
|
MainStay High Yield Corporate Bond Fund Class A
|
71,160,888
|
394,942,927
|
|
Vanguard High-Yield Corporate Fund Admiral Shares
|
65,715,802
|
385,751,760
|
|
TOTAL FIXED-INCOME FUNDS
(Cost $2,520,800,466)
|
2,706,957,843
|
||
Preferred Securities - 0.2%
|
|||
Principal
Amount (a)
|
Value ($)
|
||
ENERGY - 0.0%
|
|||
Oil, Gas & Consumable Fuels - 0.0%
|
|||
DCP Midstream Partners LP 7.375% (f)(i)
|
700,000
|
693,000
|
|
FINANCIALS - 0.1%
|
|||
Banks - 0.1%
|
|||
Banco Do Brasil SA 9% (Reg. S) (f)(i)
|
1,600,000
|
1,675,200
|
|
Citigroup, Inc. 3.875% (f)(i)
|
1,625,000
|
1,608,750
|
|
Itau Unibanco Holding SA 6.125% (d)(f)(i)
|
1,515,000
|
1,478,261
|
|
4,762,211
|
|||
UTILITIES - 0.1%
|
|||
Independent Power and Renewable Electricity Producers - 0.1%
|
|||
Vistra Corp. 8% (d)(f)(i)
|
5,995,000
|
6,279,763
|
|
Multi-Utilities - 0.0%
|
|||
NiSource, Inc. 5.65% (f)(i)
|
795,000
|
816,863
|
|
TOTAL UTILITIES
|
7,096,626
|
||
TOTAL PREFERRED SECURITIES
(Cost $12,102,500)
|
12,551,837
|
||
Money Market Funds - 0.6%
|
|||
Shares
|
Value ($)
|
||
Fidelity Cash Central Fund 0.06% (q)
|
6,719,230
|
6,720,574
|
|
State Street Institutional U.S. Government Money Market Fund Premier Class 0.03% (r)
|
27,131,624
|
27,131,624
|
|
TOTAL MONEY MARKET FUNDS
(Cost $33,852,053)
|
33,852,198
|
||
TOTAL INVESTMENT IN SECURITIES - 99.4%
(Cost $5,004,686,057)
|
5,207,663,533
|
NET OTHER ASSETS (LIABILITIES) - 0.6% (s)(t)
|
30,590,508
|
NET ASSETS - 100.0%
|
5,238,254,041
|
Futures Contracts
|
|||||
Number
of contracts
|
Expiration
Date
|
Notional
Amount ($)
|
Value ($)
|
Unrealized
Appreciation/
(Depreciation) ($)
|
|
Purchased
|
|||||
Treasury Contracts
|
|||||
CBOT 10-Year U.S. Treasury Note Contracts (United States)
|
99
|
Mar 2022
|
12,950,438
|
140,351
|
140,351
|
CBOT 2-Year U.S. Treasury Note Contracts (United States)
|
154
|
Mar 2022
|
33,685,094
|
56,707
|
56,707
|
CBOT 5-Year U.S. Treasury Note Contracts (United States)
|
509
|
Mar 2022
|
61,791,805
|
399,434
|
399,434
|
CBOT Long Term U.S. Treasury Bond Contracts (United States)
|
53
|
Mar 2022
|
8,592,625
|
203,548
|
203,548
|
TOTAL PURCHASED
|
800,040
|
||||
Sold
|
|||||
Treasury Contracts
|
|||||
CBOT Ultra Long Term U.S. Treasury Bond Contracts (United States)
|
47
|
Mar 2022
|
9,426,438
|
(294,355)
|
(294,355)
|
TOTAL FUTURES CONTRACTS
|
505,685
|
||||
The notional amount of futures purchased as a percentage of Net Assets is 2.2%
|
|||||
The notional amount of futures sold as a percentage of Net Assets is 0.2%
|
Forward Foreign Currency Contracts
|
||||||
Currency
Purchased
|
Currency
Sold
|
Counterparty
|
Settlement
Date
|
Unrealized
Appreciation/
(Depreciation) ($)
|
||
USD
|
1,875,341
|
GBP
|
1,366,055
|
HSBC Bank USA
|
1/21/22
|
56,995
|
EUR
|
229,317
|
USD
|
261,383
|
Bank Of America NA
|
2/25/22
|
(638)
|
TOTAL FORWARD FOREIGN CURRENCY CONTRACTS
|
56,357
|
|||||
Unrealized Appreciation
|
56,995
|
|||||
Unrealized Depreciation
|
(638)
|
Credit Default Swaps
|
||||||||||
Underlying Reference
|
Rating(1)
|
Maturity
Date
|
Clearinghouse /
Counterparty(2)
|
Fixed
Payment
Received/
(Paid)
|
Payment
Frequency
|
Notional
Amount(3)(4)
|
Value ($)(1)
|
Upfront
Premium
Received/
(Paid) ($)(5)
|
Unrealized
Appreciation/
(Depreciation) ($)
|
|
Buy Protection
|
||||||||||
5-Year CDX N.A. HY Series 37
|
Dec 2026
|
ICE
|
(5%)
|
Quarterly
|
3,450,000
|
40,822
|
0
|
40,822
|
||
Sell Protection
|
||||||||||
American Airlines Group, Inc.
|
Caa1
|
Dec 2021
|
Citibank, N.A.
|
5%
|
Quarterly
|
1,265,000
|
13,818
|
385
|
14,203
|
|
American Airlines Group, Inc.
|
Caa1
|
Jun 2023
|
ICE
|
5%
|
Quarterly
|
349,000
|
9,956
|
0
|
9,956
|
|
Royal Caribbean Cruises Ltd.
|
B2
|
Dec 2023
|
Citibank, N.A.
|
5%
|
Quarterly
|
860,000
|
35,015
|
16,531
|
51,546
|
|
TOTAL SELL PROTECTION
|
58,789
|
16,916
|
75,705
|
|||||||
TOTAL CREDIT DEFAULT SWAPS
|
99,611
|
16,916
|
116,527
|
CAD
|
-
|
Canadian dollar
|
EUR
|
-
|
European Monetary Unit
|
GBP
|
-
|
British pound
|
USD
|
-
|
U.S. dollar
|
(a)
|
Amount is stated in United States dollars unless otherwise noted.
|
(b)
|
Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $3,486,003 or 0.1% of net assets.
|
(c)
|
Level 3 security
|
(d)
|
Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $1,759,781,764 or 33.6% of net assets.
|
(e)
|
Security initially issued at one coupon which converts to a higher coupon at a specified date. The rate shown is the rate at period end.
|
(f)
|
Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.
|
(g)
|
Non-income producing - Security is in default.
|
(h)
|
Security or a portion of the security purchased on a delayed delivery or when-issued basis.
|
(i)
|
Security is perpetual in nature with no stated maturity date.
|
(j)
|
Security or a portion of the security was pledged to cover margin requirements for centrally cleared OTC swaps. At period end, the value of securities pledged amounted to $286,772.
|
(k)
|
Non-income producing
|
(l)
|
Coupon is indexed to a floating interest rate which may be multiplied by a specified factor and/or subject to caps or floors.
|
(m)
|
Remaining maturities of bank loan obligations may be less than the stated maturities shown as a result of contractual or optional prepayments by the borrower. Such prepayments cannot be predicted with certainty.
|
(n)
|
The coupon rate will be determined upon settlement of the loan after period end.
|
(o)
|
Position or a portion of the position represents an unfunded loan commitment. At period end, the total principal amount and market value of unfunded commitments totaled $261,935 and $262,428, respectively.
|
(p)
|
Affiliated Fund
|
(q)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
(r)
|
The rate quoted is the annualized seven-day yield of the fund at period end.
|
(s)
|
Includes $890,000 of cash collateral to cover margin requirements for futures contracts.
|
(t)
|
Includes $415,000 of cash collateral segregated for open centrally cleared OTC swaps
|
Additional information on each restricted holding is as follows:
|
||
Security
|
Acquisition Date
|
Acquisition Cost ($)
|
Chesapeake Energy Corp.
|
2/10/21
|
6,099
|
Mesquite Energy, Inc. 15% 7/15/23
|
11/05/20 - 10/15/21
|
612,315
|
Mesquite Energy, Inc. 15% 7/15/23
|
7/10/20 - 10/15/21
|
354,584
|
Affiliate
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
%ownership,
end
of period
|
Fidelity Cash Central Fund 0.06%
|
17,438,712
|
526,034,354
|
536,752,492
|
10,454
|
-
|
-
|
6,720,574
|
0.0%
|
Total
|
17,438,712
|
526,034,354
|
536,752,492
|
10,454
|
-
|
-
|
6,720,574
|
Affiliate
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
Fidelity Capital & Income Fund
|
630,675,085
|
162,537,599
|
216,770,095
|
26,567,819
|
4,596,650
|
10,593,095
|
591,632,334
|
Fidelity Investments Money Market Government Portfolio Institutional Class 0.01%
|
-
|
195,000,000
|
195,000,000
|
-
|
-
|
-
|
-
|
630,675,085
|
357,537,599
|
411,770,095
|
26,567,819
|
4,596,650
|
10,593,095
|
591,632,334
|