SHARES		COST		FAIR VALUE
Equities — 0.30%*:
Common Stocks — 0.30%*:
		Boomerang Tube Holdings, Inc.¤					36,149	$	3,510,832	$	0
		Fieldwood Energy LLC¤					167,574		4,057,567		1,676
		Jupiter Resources Inc.¤+					1,171,624		5,662,542		878,718
		Templar Energy LLC¤					135,392		734,072		0
		Templar Energy LLC¤					110,050		1,100,496		0
		Travelex Private Equity¤+					16,120		0		0
			Total Common Stocks				1,636,909		15,065,508		880,394
Preferred Stocks - 0.00%*:
		Pinnacle Operating Corp.¤					213,016		0		0
			Total Preferred Stocks				213,016		0		0
Warrants — 0.00%*:
		Appvion Holdings Corp.¤					12,892		137,280		0
		Appvion Inc.¤					12,892		0		0
			Total Warrants				25,784		137,280		0
			Total Equities				1,875,709		15,202,789		880,394
				EFFECTIVE  INTEREST RATE‡		DUE DATE	PRINCIPAL		COST		FAIR VALUE
Fixed Income — 136.29%*:
Asset-Backed Securities — 12.02%*:
	CDO/CLO — 12.02%*:
		Anchorage Capital CLO LTD 2015-6A, 3M LIBOR + 6.350%^~		6.63	%	7/15/2030	600,000	$	608,862	$	545,252
		Anchorage Capital CLO LTD 2016-9A ER, 3M LIBOR + 6.410%^~		6.69		7/15/2032	1,500,000		1,455,000		1,370,942
		Anchorage Capital CLO LTD 2013-1R, 3M LIBOR + 6.800%^~		7.07		10/15/2030	1,000,000		977,213		957,414
		Bain Capital Credit CLO 2020-2 E, 3M LIBOR + 6.830%^~		7.15		7/29/2031	1,000,000		926,137		970,851
		Ballyrock CLO LTD 2019-2A, 3M LIBOR + 7.740%^~		7.99		11/20/2030	2,000,000		1,960,000		1,979,832
		BlueMountain CLO LTD 2018-23A, 3M LIBOR + 5.650%^~		5.92		10/20/2031	1,000,000		1,000,000		882,699
		Canyon CLO LTD 2019-2A, 3M LIBOR + 7.150%^~		7.43		10/15/2032	1,000,000		1,000,000		959,189
		Carbone CLO, LTD 2017-1A, 3M LIBOR + 5.900%^~		6.17		1/21/2031	750,000		750,000		650,030
		Carlyle Global Market Strategies 2013-3A, 3M LIBOR + 7.750%^~		8.03		10/15/2030	1,022,671		1,022,671		665,838
		Carlyle Global Market Strategies 2017-5A, 3M LIBOR + 5.300%^~		5.57		1/22/2030	700,000		700,000		551,485
		Carlyle Global Market Strategies 2019-3 LTD, 3M LIBOR + 7.030%^~		7.30		10/20/2032	1,000,000		975,000		948,050
		Cedar Funding LTD 2016-6A, 3M LIBOR + 5.900%^~		6.17		10/20/2028	2,500,000		2,500,000		2,185,513
		CIFC Funding  2020-1 LTD^~		7.35		7/15/2032	1,900,000		1,881,000		1,863,942
		Galaxy CLO LTD 2017-24A, 3M LIBOR + 5.500%^~		5.78		1/15/2031	1,000,000		1,000,000		847,099
		GoldenTree Loan Management 2018-3A, 3M LIBOR + 6.500%^~		6.77		4/22/2030	1,500,000		1,435,941		1,107,330
		GoldenTree Loan Opportunities XI LTD 2015-11A, 3M LIBOR + 5.400%^~		5.67		1/18/2031	500,000		500,000		435,507
		KKR Financial CLO LTD 2017-20, 3M LIBOR + 5.500%^~		5.77		10/16/2030	1,500,000		1,500,000		1,251,966
		LCM LTD 2019-30, 3M LIBOR + 6.950%^~		7.22		4/21/2031	1,100,000		1,100,000		1,040,494
		Madison Park Funding LTD 2015-19A, 3M LIBOR + 4.350%^~		4.61		1/24/2028	1,000,000		1,000,000		858,914
		Madison Park Funding LTD 2018-29A, 3M LIBOR + 7.570%^~#		7.84		10/18/2030	2,000,000		1,960,000		1,541,570
		Madison Park Funding LTD 2019-32E, 3M LIBOR + 7.100%^~		7.36		1/22/2031	1,000,000		997,800		967,287
		Magnetite CLO LTD 2016-18A, 3M LIBOR + 7.600%^~		7.88		11/15/2028	1,400,000		1,386,000		1,161,146
		Neuberger Berman Loan Advisers CLO LTD, 3M LIBOR + 7.050% ^~		7.32		7/21/2031	800,000		792,000		781,055
		OCP CLO LTD 2020-19, 3M LIBOR + 6.110% ¤^~		6.38		7/21/2031	800,000		710,684		750,918
		OHA Credit Partners LTD 2015-11A, 3M LIBOR + 7.900%^~		8.17		1/20/2032	2,000,000		1,970,323		1,630,632
		OHA Loan Funding LTD 2013-1A, 3M LIBOR + 7.900%^~		8.16		7/23/2031	1,500,000		1,477,500		1,161,798
		Sound Point CLO XVIII 2018-18D, 3M LIBOR + 5.500%^~		5.77		1/21/2031	2,000,000		2,000,000		1,484,234
		Sound Point CLO Ltd Series 2020-1A Class E, 3M LIBOR + 7.080%^~		7.39		7/22/2030	1,600,000		1,467,579		1,548,955
		Steele Creek CLO LTD 2017-1A, 3M LIBOR + 6.200%^~		6.48		10/15/2030	800,000		800,000		583,085
		TICP CLO LTD 2018-10A, 3M LIBOR + 5.500%^~		5.77		4/20/2031	1,000,000		929,339		885,775
		Voya CLO LTD 2019-4A, 3M LIBOR + 7.480%^~		7.76		1/18/2033	1,400,000		1,358,585		1,338,520
		Wellfleet CLO LTD 2017-3A, 3M LIBOR + 5.550%^~		5.82		1/17/2031	1,500,000		1,500,000		1,212,462
		Wind River CLO LTD 2017-4A, 3M LIBOR + 5.800%^~		6.05		11/20/2030	1,000,000		1,000,000		865,612
			Total CDO/CLO				41,372,671		40,641,634		35,985,395
			Total Asset-Backed Securities				41,372,671		40,641,634		35,985,395

				EFFECTIVE INTEREST RATE‡		DUE DATE	PRINCIPAL		COST		FAIR VALUE
Bank Loans§ — 10.46%*:
	Automotive — 0.62%*:
		Dexko Global Inc, 3M LIBOR + 8.250%~		9.25	%	7/24/2025	2,000,000	$	2,000,000	$	1,850,000
			Total Automotive				2,000,000		2,000,000		1,850,000
	Cargo Transport — 0.92%*:
		PS Logistics, 1M LIBOR + 4.750%~		5.75		3/31/2025	2,940,000		2,957,728		2,744,314
			Total Cargo Transport				2,940,000		2,957,728		2,744,314
	Chemicals, Plastics and Rubber — 0.51%*:
		Colouroz Investment 2 LLC, 3M LIBOR + 7.250%+~		5.25		9/21/2024	2,033,201		2,025,452		1,524,901
			Total Chemicals, Plastics and Rubber				2,033,201		2,025,452		1,524,901
	Diversified/Conglomerate Manufacturing — 0.95%*:
		Averys, 3M LIBOR + 8.250%+~		8.25		8/7/2026	500,000		571,943		492,801
		Commercial Vehicle Group Inc., 1M LIBOR + 6.000%~		11.50		4/12/2023	557,836		551,428		507,631
		SunSource, Inc., 1M LIBOR + 8.000%~		9.00		4/30/2026	2,500,000		2,515,799		1,857,825
			Total Diversified/Conglomerate Manufacturing				3,557,836		3,639,170		2,858,257
	Diversified/Conglomerate Service — 4.89%*:
		Misys (Finastra), 3M LIBOR + 7.250%~		8.25		6/16/2025	15,630,136		15,503,721		14,637,623
			Total Diversified/Conglomerate Service				15,630,136		15,503,721		14,637,623
	Healthcare, Education and Childcare — 2.50%*:
		Advanz Pharma Corp., 1M LIBOR + 5.500%+~		6.50		9/6/2024	3,840,000		3,783,268		3,720,000
		Envision Healthcare, 1M LIBOR + 3.750%~\		3.90		10/10/2025	5,250,000		3,763,125		3,775,328
			Total Healthcare, Education and Childcare				9,090,000		7,546,393		7,495,328
	Mining, Steel, Iron and Non-Precious Metals — 0.07%*:
		Boomerang Tube, LLC, 3M LIBOR + 6.500%¤~		5.16		6/30/2022	2,585,245		2,585,245		206,820
			Total Mining, Steel, Iron and Non-Precious Metals				2,585,245		2,585,245		206,820
	Oil and Gas — 0.00%*:
		Fieldwood Energy LLC, 1M LIBOR + 7.250%~		0.00		4/11/2023	7,481,592		2,720,500		1,721
			Total Oil and Gas				7,481,592		2,720,500		1,721
			Total Bank Loans				45,318,011		38,978,209		31,318,962

				EFFECTIVE INTEREST RATE‡		DUE DATE	PRINCIPAL		COST		FAIR VALUE
Corporate Bonds — 113.81%*:
	Aerospace and Defense — 4.20%*:
		TransDigm Group, Inc.#		7.50	%	3/15/2027	6,000,000	$	6,025,285	$	6,229,860
		Triumph Group, Inc.#		7.75		8/15/2025	8,289,000		8,293,259		5,315,321
		Triumph Group, Inc.^		8.88		6/1/2024	966,000		966,000		1,028,790
			Total Aerospace and Defense				15,255,000		15,284,545		12,573,971
	Automotive — 3.09%*:
		Power Solutions^#		8.50		5/15/2027	8,965,000		9,062,418		9,256,363
			Total Automotive				8,965,000		9,062,418		9,256,363
	Beverage, Food and Tobacco — 2.48%*:
		Boparan Finance plc+^#		5.50		7/15/2021	800,000		1,042,807		976,541
		Kehe Distributors, LLC^#		8.63		10/15/2026	1,287,000		1,287,000		1,393,178
		Manitowoc Foodservice#		9.50		2/15/2024	3,074,000		3,203,676		3,150,850
		Refresco Group N.V.+^#		6.50		5/15/2026	1,600,000		1,931,897		1,913,449
			Total Beverage, Food and Tobacco				6,761,000		7,465,381		7,434,018
	Broadcasting and Entertainment — 4.78%*:
		Arqiva Broadcast+^#		6.75		9/30/2023	2,400,000		3,039,538		3,193,631
		Banijay+^#		6.50		3/1/2026	2,500,000		2,761,119		2,832,157
		Clear Channel Worldwide Holdings Inc.#		9.25		2/15/2024	5,469,000		5,790,716		5,301,649
		Cox Media Group^#		8.88		12/15/2027	1,837,000		1,854,202		1,850,778
		Dish DBS Corp.		7.75		7/1/2026	673,000		609,839		739,869
		Townsquare Media, LLC^		6.50		4/1/2023	430,000		399,721		393,988
			Total Broadcasting and Entertainment				13,309,000		14,455,134		14,312,071
	Buildings and Real Estate — 3.35%*:
		Cemex S.A.B. de C.V.^		7.38		6/5/2027	698,000		698,000		754,196
		New Enterprise Stone & Lime^		9.75		7/15/2028	665,000		665,000		718,200
		Realogy Group^#		9.38		4/1/2027	3,763,000		3,581,657		3,895,458
		Realogy Group^		7.63		6/15/2025	329,000		329,000		344,628
		Service Properties Trust		4.38		2/15/2030	400,000		346,833		332,000
		STL Holding Co LLC^#		7.50		2/15/2026	4,000,000		4,000,000		3,995,000
			Total Buildings and Real Estate				9,855,000		9,620,490		10,039,481
	Cargo Transport — 3.24%*:
		Kenan Advantage^#		7.88		7/31/2023	10,000,000		10,036,100		9,700,000
			Total Cargo Transport				10,000,000		10,036,100		9,700,000
	Chemicals, Plastics and Rubber — 4.72%*:
		Carlyle Group^#		8.75		6/1/2023	3,000,000		2,970,300		3,007,500
		Consolidated Energy Finance S.A.^#		6.88		6/15/2025	3,314,000		3,195,473		3,015,740
		Consolidated Energy Finance S.A.^		6.50		5/15/2026	2,470,000		1,719,809		2,163,251
		CVR Partners LP^#		9.25		6/15/2023	4,576,000		4,542,482		4,232,800
		Diversey^#		5.63		8/15/2025	1,500,000		1,624,232		1,714,718
			Total Chemicals, Plastics and Rubber				14,860,000		14,052,296		14,134,009
	Containers, Packaging, and Glass — 3.65%*:
		Mauser Packaging Solutions^#		7.25		4/15/2025	2,575,000		2,451,029		2,423,719
		Tekni-Plex^#		9.25		8/1/2024	8,000,000		7,903,065		8,492,400
			Total Containers, Packaging, and Glass				10,575,000		10,354,094		10,916,119
	Diversified/Conglomerate Manufacturing — 2.48%*:
		Appvion Inc.¤		9.00		6/1/2021	13,200,000		0		0
		Heat Exchangers^+		7.78		10/9/2025	625,000		656,267		659,507
		Manitowoc Cranes^#		9.00		4/1/2026	6,538,000		6,547,357		6,750,485
			Total Diversified/Conglomerate Manufacturing				20,363,000		7,203,624		7,409,992

				EFFECTIVE  INTEREST RATE‡			DUE DATE	PRINCIPAL		COST		FAIR VALUE
Corporate Bonds (continued)
	Diversified/Conglomerate Service — 4.53%*:
		Algeco Scotsman+^#		6.50	%	2/15/2023	#REF!	1,750,000	$	2,139,924	$	2,046,341
		Carlson Travel Holdings^#		11.50			12/15/2026	6,040,000		6,049,490		3,638,556
		Endurance International Group LLC#		10.88			2/1/2024	1,324,000		1,376,278		1,376,960
		Truck Hero Inc.^#		8.50			4/21/2024	6,118,000		6,141,610		6,485,080
			Total Diversified/Conglomerate Service					15,232,000		15,707,302		13,546,938
	Electronics — 9.06%*:
		International Wire Group Inc.^#		10.75			8/1/2021	7,389,000		7,263,042		6,557,738
		Solera^#		10.50			3/1/2024	1,000,000		1,053,664		1,045,000
		Wesco Distribution Inc.^		7.13			6/15/2025	460,000		460,000		501,078
		Wesco Distribution Inc.^		7.25			6/15/2028	475,000		471,409		520,446
		Veritas Bermuda Ltd.^#		10.50			2/1/2024	16,957,000		15,062,250		15,946,363
		Veritas Bermuda Ltd.^#		7.50			9/1/2025	2,024,000		2,024,000		2,087,250
		Presidio Inc.^#		8.25			2/1/2028	430,000		430,000		450,425
			Total Electronics					28,735,000		26,764,364		27,108,299
	Finance — 4.76%*:
		Alliance Data Systems Corporation^		7.00			1/15/2026	2,000,000		1,992,500		1,990,200
		Avolon Holdings^#		6.50		9/15/2024	#REF!	8,021,611		6,175,471		4,472,048
		Galaxy Bidco Ltd.+^#		6.50			7/31/2026	1,500,000		1,865,092		1,971,341
		Lowell+^		8.50			11/1/2022	1,660,000		2,036,417		1,964,227
		Travelex, 1M LIBOR + 5.500% (7.500% PIK)+~¤		7.50			8/3/2025	2,015,000		2,211,122		3,770,097
		Travelex+^#¤		8.00			5/15/2022	4,600,000		5,097,344		80,900
			Total Finance					19,796,611		19,377,945		14,248,813
	Healthcare, Education and Childcare — 8.68%*:
		Advanz Pharma Corp.+		8.00			9/6/2024	3,743,000		3,677,510		3,668,140
		Bausch Health Companies Inc.^#		9.00			12/15/2025	11,045,000		11,269,992		12,014,751
		Endo International^#		7.50			4/1/2027	1,890,000		1,890,000		1,980,115
		Ortho-Clinical Diagnostics Inc.^#		7.25			2/1/2028	2,063,000		2,063,000		2,145,520
		Radiology Partners Inc.^#		9.25			2/1/2028	586,000		586,000		609,440
		Synlab+^#		8.25			7/1/2023	2,000,000		2,490,756		2,397,674
		Verscend Technologies, Inc.^#		9.75			8/15/2026	2,915,000		3,076,908		3,169,450
			Total Healthcare, Education and Childcare					24,242,000		25,054,165		25,985,090
	Home and Office Furnishings, Housewares, and Durable Consumer Products — 0.53%*:
		Balta+^#		7.75			9/15/2022	1,741,500		1,948,390		1,585,557
			Total Home and Office Furnishings, Housewares, and Durable Consumer Products					1,741,500		1,948,390		1,585,557
	Hotels, Motels, Inns and Gaming — 1.88%*:
		Boyne USA, Inc.^#		7.25			5/1/2025	950,000		950,000		997,500
		Caesars Resort Collection^		5.25			10/15/2025	123,000		107,901		119,003
		Golden Nugget Inc.#		8.75			10/1/2025	0		1		0
		Scientific Games International Inc.^#		8.63			7/1/2025	4,325,000		4,420,222		4,513,029
			Total Hotels, Motels, Inns and Gaming					5,398,000		5,478,124		5,629,532
	Insurance — 5.14%*:
		Acrisure LLC^#		10.13			8/1/2026	9,575,000		9,757,537		10,605,845
		Acrisure LLC^#		8.13			2/15/2024	4,564,000		4,673,508		4,780,790
			Total Insurance					14,139,000		14,431,046		15,386,635

				EFFECTIVE INTEREST RATE‡		DUE DATE	PRINCIPAL		COST		FAIR VALUE
Corporate Bonds (continued)
	Leisure, Amusement, Entertainment — 2.09%*:
		Eldorado Resorts^#		8.13	%	7/1/2027	4,000,000	$	3,892,108	$	4,240,000
		Motion Finco+^		7.00		5/15/2025	1,750,000		1,933,418		2,018,544
			Total Machinery (Non-Agriculture, Non-Construct, Non-Electronic)				5,750,000		5,825,525		6,258,544
	Machinery (Non-Agriculture, Non-Construct, Non-Electronic) — 6.02%*:
		Apex Tool Group LLC^#		9.00		2/15/2023	10,627,000		10,453,813		9,829,975
		Diebold Nixdorf^		9.00		7/15/2025	815,000		959,761		981,752
		Diebold Nixdorf^#		9.38		7/15/2025	5,000,000		5,338,259		5,275,000
		Sarens+^#		5.75		2/21/2027	1,900,000		2,085,826		1,938,071
			Total Machinery (Non-Agriculture, Non-Construct, Non-Electronic)				18,342,000		18,837,659		18,024,797
	Mining, Steel, Iron and Non-Precious Metals — 10.68%*:
		Cleveland-Cliffs Inc.^		9.88		10/17/2025	6,000,000		6,596,669		6,697,500
		Consol Energy Inc.^#		11.00		11/15/2025	10,316,000		10,699,478		4,539,040
		First Quantum Minerals+^#		7.25		4/1/2023	2,000,000		1,939,754		1,997,500
		First Quantum Minerals+^#		7.50		4/1/2025	9,775,000		9,410,874		9,668,550
		First Quantum Minerals+^		6.88		10/15/2027	200,000		200,000		192,750
		Northwest Acquisitions ULC+^		7.13		11/1/2022	16,122,000		12,408,163		257,952
		Perenti Finance Pty Ltd.+^		6.50		10/7/2025	2,500,000		2,500,000		2,514,051
		SunCoke Energy Inc.^#		7.50		6/15/2025	5,743,000		5,722,133		5,180,301
		Warrior Met Coal Inc.^#		8.00		11/1/2024	914,000		914,000		930,854
			Total Mining, Steel, Iron and Non-Precious Metals				53,570,000		50,391,072		31,978,498
	Oil and Gas — 16.36%*:
		Calumet Specialty Products^#		9.25		7/15/2024	2,850,000		2,741,907		3,089,486
		Calumet Specialty Products^#		11.00		4/15/2025	1,030,000		1,063,678		932,150
		CVR Energy, Inc.^		5.75		2/15/2028	3,850,000		3,290,552		3,272,500
		EnLink Midstream Partners L.P.		4.40		4/1/2024	239,000		217,041		215,100
		EnLink Midstream Partners L.P.		4.85		7/15/2026	200,000		173,705		173,022
		EnLink Midstream Partners L.P.		5.60		4/1/2044	1,077,000		683,061		691,973
		Genesis Energy LP#		7.75		2/1/2028	2,000,000		1,869,112		1,737,700
		Globe Luxembourg SA+^#		9.63		4/1/2023	4,238,000		4,282,057		2,023,645
		Globe Luxembourg SA+^		9.88		4/1/2022	203,000		206,465		97,440
		Harvest Midstream^		7.50		9/1/2028	458,000		458,000		455,710
		Hilcorp Energy^#		6.25		11/1/2028	3,202,000		2,769,407		2,913,820
		Jonah Energy LLC^#		7.25		10/15/2025	5,714,000		5,009,911		635,683
		Jupiter Resources Inc.+¤		10.00		1/31/2024	1,424,667		1,424,667		1,383,964
		Laredo Petroleum Inc.		9.50		1/15/2025	622,000		622,000		370,662
		Laredo Petroleum Inc.		10.13		1/15/2028	3,765,000		3,666,062		2,221,350
		MEG Energy Corp.+^#		7.13		2/1/2027	2,698,000		2,516,707		2,419,647
		Neptune Energy Bondco PLC^#		6.63		5/15/2025	2,806,000		2,579,735		2,502,728
		Occidental Petroleum Corp.		8.50		7/15/2027	4,000,000		4,034,207		4,030,840
		Occidental Petroleum Corp.#		7.88		9/15/2031	2,500,000		2,661,559		2,425,000
		Occidental Petroleum Corp.		4.50		7/15/2044	586,000		435,166		419,356
		Ovintiv Canada ULC+		6.50		2/1/2038	1,000,000		910,000		909,036
		PBF Holding Company LLC^		6.00		2/15/2028	6,000,000		4,911,015		4,026,300
		Southwestern Energy Co.		8.38		9/15/2028	449,000		449,000		441,192
		Vine Oil & Gas^#		9.75		4/15/2023	9,662,000		8,197,685		6,570,160
		Welltec A/S+^#		9.50		12/1/2022	5,713,000		5,683,283		5,027,440
			Total Oil and Gas				66,286,667		60,855,982		48,985,903
	Personal and Non Durable Consumer Products — 0.02%*:
		High Ridge Brands Co.^		8.88		3/15/2025	2,982,000		2,982,000		59,640
			Total Personal and Non Durable Consumer Products				2,982,000		2,982,000		59,640
	Personal Transportation — 1.11%*:
		American Airlines^#		11.75		7/15/2025	3,000,000		2,970,000		2,895,000
		Naviera Armas, 3M EURIBOR + 4.250%^+~		4.25		11/15/2024	150,000		128,489		90,523
		Naviera Armas, 3M EURIBOR + 6.500%^+~		6.50		7/31/2023	525,000		608,246		333,943
			Total Personal Transportation				3,675,000		3,706,735		3,319,466

					EFFECTIVE INTEREST RATE‡		DUE DATE	PRINCIPAL		COST		FAIR VALUE
Corporate Bonds (continued)
	Printing and Publishing — 1.62%*:
			Cimpress N.V.^#		7.00	%	6/15/2026	2,069,000	$	2,069,000	$	1,965,550
			Houghton Mifflin Harcourt Publishers Inc.^#		9.00		2/15/2025	3,000,000		2,947,322		2,880,000
				Total Printing and Publishing				5,069,000		5,016,322		4,845,550
	Telecommunications — 7.95%*:
			BMC Software^#		9.75		9/1/2026	8,000,000		7,750,348		8,456,800
			Commscope Inc.^#		8.25		3/1/2027	11,673,000		11,690,862		12,139,920
			Consolidated Communications Holdings Inc.^		6.50		10/1/2028	832,000		832,000		848,640
			Digicel Limited+^#>		8.25		9/30/2020	2,500,000		2,491,364		25
			Northwest Fiber LLC^#		10.75		6/1/2028	1,206,000		1,334,978		1,314,540
			Viasat^		6.50		7/15/2028	790,000		790,000		791,146
			Windstream^		7.75		8/15/2028	251,000		251,000		246,608
				Total Telecommunications				25,252,000		25,140,552		23,797,678
	Utilities — 1.39%*:
			Techem+^#		6.00		7/30/2026	3,500,000		3,994,335		4,175,370
				Total Utilities				3,500,000		3,994,335		4,175,370
				Total Corporate Bonds				403,653,778		383,045,599		340,712,332
				Total Fixed Income				490,344,460		462,665,441		408,016,689
				Total Investments				492,220,169		477,868,230		408,897,083
Other assets and liabilities — (36.58)%												(109,528,086)
				Net Assets — 100%							$	299,368,997
‡		The effective interest rates are based on settled commitment amount.
*		Calculated as a percentage of net assets applicable to common shareholders.
¤		Value determined using significant unobservable inputs, security is categorized as Level 3.
+		Foreign security.
^		Security exempt from registration under Rule 144a of the Securities Act of 1933.  These securities may only be resold in transactions exempt from registration, normally to qualified institutional buyers.
~		Variable rate security.  The interest rate shown is the rate in effect at September 30, 2020.
#		All or a portion of the security is segregated as collateral for the credit facility.
§		Bank loans are exempt from registration under the Securities Act of 1933, as amended, but contain certain restrictions on resale and cannot be sold publicly. These loans pay interest at rates which adjust periodically. The interest rates shown for bank loans are the current interest rates at September 30, 2020. Bank loans are also subject to mandatory and/or optional prepayment which cannot be predicted. As a result, the remaining maturity may be substantially less than the stated maturity shown.
>		Defaulted security.
		Distributions of investments by country of risk.  Percentage of assets are expressed by market value excluding cash and accrued income as of September 30, 2020.
				United States	82.4%
				United Kingdom	6.4%
				Zambia	2.9%
				Germany	2.1%
				Canada	1.4%
				France	1.3%
				Denmark	1.2%
				Belgium	0.9%
				(Individually less than 1%)	1.4%
					100.0%

Schedule of Investments.

Valuation of Instruments

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.  A three-tier hierarchy is utilized to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes.  Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk.  For example, market participants would consider the risk inherent in a particular valuation technique used to measure fair value, such as a pricing model, and/or the risk inherent in the inputs to the valuation technique.  Inputs may be observable or unobservable.  Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability and are developed based on market data obtained from sources independent of the reporting entity.  Unobservable inputs are inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability and are developed based on the best information available in the circumstances.  The three-tier hierarchy of inputs is summarized in the three broad levels listed below.

Level 1 – quoted prices in active markets for identical securities

Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

Level 3 – significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

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

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

The following is a summary of the inputs used as of September 30, 2020 in valuing the Fund’s investments:

Description	Level 1		Level 2		Level 3		Total Investments
Assets:
Equities:
Common Stocks	$	-	$		$	880,394	$	880,394
Preferred Stocks		-		-		-		-
Warrants		-		-		-		-
Total Equities:		-				880,394		880,394
Fixed Income:
Asset-Backed	$	-	$	35,985,395	$	-	$	35,985,395
Securities    Bank Loans		-		31,112,142		206,820		31,318,962
Corporate Bonds		-		335,477,371		5,234,961		340,712,332
Total Fixed Income	$	-	$	402,574,908	$	5,441,781	$	408,016,689
Derivative Securities:
Foreign Exchange       Contracts:	$	-	$	287,695	$	-	$	287,695
Total Derivative Securities	$	-	$	287,695	$	-	$	287,695
Total Assets	$	-	$	402,862,603	$	6,322,175	$	409,184,778

The following table is a summary of quantitative information about significant unobservable valuation inputs for Level 3 fair value measurement for investments held as of September 30, 2020:

Type of Assets	Fair Value as of September 30, 2020	Valuation Technique(s)	Unobservable Input
Equities
Appvion Holdings Corp.	$0	Broker Quote	$0.00; Valued at Zero.
Appvion Inc.	$0	Broker Quote	$0.0; Valued at Zero
Boomerang Tube Holdings, Inc.	$0	Discounted Cash Flow	Average Enterprise Valuation Multiple:  5 year projection, 5.0x; EBITDA: $20.4 million; Discount rate 20%
Fieldwood Energy LLC	$1,676	Barings Supplied	$0.01 Price taken from Barings sourced via Markit
Jupiter Resources Inc.	$878,718	Barings Supplied	$0 Price taken from Barings sourced via Markit
Pinnacle Operating Corp.$0Zero ValueValued at ZeroPinnacle Operating Corp.	$0	Zero Value	Valued at Zero
Templar Energy LLC	$0	Broker Quote	Valued at zero until final accrued is received.
Templar Energy LLC	$0	Broker Quote	Valued at zero until final accrued is received.
Travelex Private Equity	$0	Broker Quote	Valued at Zero.
Bank Loans
Boomerang Tube, LLC	$206,820	Discounted Cash Flow	Average Enterprise Valuation Multiple:  5 year projection, 5.0x; EBITDA: $20.4 million; Discount rate 20%
Corporate Bonds
Appvion Inc.	$0	Zero Value	Valued at Zero
Jupiter Resources Inc.	$1,383,964	Broker Quote	$97.14; Price source depth of 1
Travelex	$3,770,097	Vendor Price	Price taken from Barings sourced via Markit
Travelex	$80,900	Barings Supplied	Price taken from Barings sourced via Thomson Reuters

Although the Fund believes the valuation methods described above are appropriate, the use of different methodologies or assumptions to determine fair value could result in different estimates of fair value at the reporting date.

The Fund discloses transfers between levels based on valuations at the end of the reporting period. Based on end of period market values, $0 was transferred from Level 3 to Level 2 for the period from January 1, 2020 through September 30, 2020. The following is a reconciliation of Level 3 investments based upon the inputs used to determine fair value:

	BALANCE AT DECEMBER 31, 2019	TRANSFERS INTO LEVEL 3	TRANSFERS OUT OF LEVEL 3	PURCHASES	SALES	ACCRETION OF DISCOUNT	REALIZED GAIN / (LOSS)	CHANGE IN UNREALIZED	BALANCE AT SEPTEMBER 30, 2020	CHANGE IN UNREALIZED APPRECIATION / (DEPRECIATION) FROM INVESTMENTS HELD AS OF SEPTEMBER 30, 2020
Equities
Boomerang Tube Holdings, Inc.	$2,441,503	$0	$0	$0	$0	$0	$0	($2,441,503)	$0	($2,441,503)
Fieldwood Energy LLC	$3,044,317	$0	$0	$0	$0	$0	$0	($3,042,641)	$1,676	($3,042,641)
Jupiter Resources Inc.	$1,171,624	$0	$0	$0	$0	$0	$0	($292,906)	$878,718	($292,906)
Sabine Oil & Gas LLC	$247,494	$0	$0	$0	($6,547)	$0	$21,695	($262,642)	$0	($262,642)
Templar Energy LLC	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Templar Energy LLC	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Travelex Private Equity	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Common Stocks	$6,904,938	$0	$0	$0	($6,547)	$0	$21,695	($6,039,692)	$880,394	($6,039,692)
Pinnacle Operating Corp.	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Pinnacle Operating Corp.	$0	$0	$0	$407,393	($429,825)	$0	$22,432	$0	$0	$0
Pinnacle Operating Corp.	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Preferred Stocks	$0	$0	$0	$407,393	($429,825)	$0	$22,432	$0	$0	$0
Appvion Holdings Corp	$3,223	$0	$0	$0	$0	$0	$0	($3,223)	$0	($3,223)
Appvion Inc.	$1,612	$0	$0	$0	$0	$0	$0	($1,612)	$0	($1,612)
Sabine Oil & Gas LLC	$176,855	$0	$0	$0	($60,669)	$0	$107,548	($223,735)	$0	($223,735)
Warrants	$181,690	$0	$0	$0	($60,669)	$0	$107,548	($228,570)	$0	($228,570)
Total Equities	$7,086,628	$0	$0	$407,393	($497,041)	$0	$151,675	($6,268,261)	$880,394	($6,268,261)
Boomerang Tube, LLC	$2,540,684	$0	$0	$44,561	$0	$0	$0	($2,378,425)	$206,820	($2,378,425)
Bank Loans	$2,540,684	$0	$0	$44,561	$0	$0	$0	($2,378,425)	$206,820	($2,378,425)
Appvion Inc.	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Jupiter Resources Inc.	$0	$0	$0	$1,424,667	$0	$0	$0	($40,703)	$1,383,964	($40,703)
Travelex	$0	$0	$0	$2,200,906	$0	$10,216	$0	$1,558,975	$3,770,097	$1,558,975
Travelex	$0	$0	$0	$5,097,346	$0	$37	$0	($5,016,483)	$80,900	($5,016,483)
Corporate Bonds	$0	$0	$0	$8,722,920	$0	$10,253	$0	($3,498,211)	$5,234,961	($3,498,211)
Total Fixed Income	$2,540,684	$0	$0	$8,767,481	$0	$10,253	$0	($5,876,636)	$5,441,781	($5,876,636)
Total	$9,627,312	$0	$0	$9,174,874	($497,041)	$10,253	$151,675	($12,144,898)	$6,322,175	($12,144,898)