Eaton Vance
Floating-Rate Income Plus Fund
August 31, 2020
PORTFOLIO OF INVESTMENTS (Unaudited)
Senior Floating-Rate Loans — 140.4%(1)
| Borrower/Tranche Description | Principal Amount (000’s omitted) |
Value | ||||||
| Aerospace and Defense — 3.4% |
||||||||
| AI Convoy (Luxembourg) S.a.r.l. |
||||||||
| Term Loan, 4.65%, (6 mo. USD LIBOR + 3.50%), Maturing January 17, 2027 |
$ | 150 | $ | 146,446 | ||||
| Dynasty Acquisition Co., Inc. |
||||||||
| Term Loan, 3.81%, (3 mo. USD LIBOR + 3.50%), Maturing April 6, 2026 |
218 | 195,326 | ||||||
| Term Loan, 3.81%, (3 mo. USD LIBOR + 3.50%), Maturing April 6, 2026 |
405 | 363,307 | ||||||
| TransDigm, Inc. |
||||||||
| Term Loan, 2.41%, (1 mo. USD LIBOR + 2.25%), Maturing August 22, 2024 |
1,307 | 1,245,073 | ||||||
| Term Loan, 2.41%, (1 mo. USD LIBOR + 2.25%), Maturing December 9, 2025 |
1,506 | 1,433,901 | ||||||
| WP CPP Holdings, LLC |
||||||||
| Term Loan, 4.50%, (USD LIBOR + 3.50%, Floor 1.00%), Maturing April 30, 2025(2) |
789 | 682,258 | ||||||
|
|
|
|||||||
| $ | 4,066,311 | |||||||
|
|
|
|||||||
| Air Transport — 1.1% |
||||||||
| Delta Air Lines, Inc. |
||||||||
| Term Loan, 5.75%, (3 mo. USD LIBOR + 4.75%, Floor 1.00%), Maturing April 29, 2023 |
$ | 475 | $ | 474,777 | ||||
| JetBlue Airways Corporation |
||||||||
| Term Loan, 6.25%, (3 mo. USD LIBOR + 5.25%, Floor 1.00%), Maturing June 17, 2024 |
720 | 720,000 | ||||||
| Mileage Plus Holdings, LLC |
||||||||
| Term Loan, 6.25%, (2 mo. USD LIBOR + 5.25%, Floor 1.00%), Maturing June 25, 2027 |
175 | 176,613 | ||||||
|
|
|
|||||||
| $ | 1,371,390 | |||||||
|
|
|
|||||||
| Automotive — 3.4% |
||||||||
| Adient US, LLC |
||||||||
| Term Loan, 4.43%, (USD LIBOR + 4.25%), Maturing May 6, 2024(2) |
$ | 297 | $ | 295,206 | ||||
| American Axle and Manufacturing, Inc. |
||||||||
| Term Loan, 3.00%, (1 mo. USD LIBOR + 2.25%, Floor 0.75%), Maturing April 6, 2024 |
913 | 892,336 | ||||||
| Autokiniton US Holdings, Inc. |
||||||||
| Term Loan, 6.53%, (1 mo. USD LIBOR + 6.38%), Maturing May 22, 2025 |
172 | 165,497 | ||||||
| Bright Bidco B.V. |
||||||||
| Term Loan, 4.57%, (6 mo. USD LIBOR + 3.50%), Maturing June 30, 2024 |
388 | 174,437 | ||||||
| Chassix, Inc. |
||||||||
| Term Loan, 6.50%, (USD LIBOR + 5.50%, Floor 1.00%), Maturing November 15, 2023(2) |
341 | 288,356 | ||||||
| Clarios Global L.P. |
||||||||
| Term Loan, 3.66%, (1 mo. USD LIBOR + 3.50%), Maturing April 30, 2026 |
819 | 804,995 | ||||||
| Dayco Products, LLC |
||||||||
| Term Loan, 4.51%, (3 mo. USD LIBOR + 4.25%), Maturing May 19, 2023 |
242 | 154,800 | ||||||
1
| Borrower/Tranche Description | Principal Amount (000’s omitted) |
Value | ||||||
| IAA, Inc. |
||||||||
| Term Loan, 2.44%, (1 mo. USD LIBOR + 2.25%), Maturing June 28, 2026 |
$ | 121 | $ | 119,728 | ||||
| Tenneco, Inc. |
||||||||
| Term Loan, 3.16%, (1 mo. USD LIBOR + 3.00%), Maturing October 1, 2025 |
813 | 727,130 | ||||||
| Thor Industries, Inc. |
||||||||
| Term Loan, 3.94%, (1 mo. USD LIBOR + 3.75%), Maturing February 1, 2026 |
236 | 234,712 | ||||||
| TI Group Automotive Systems, LLC |
||||||||
| Term Loan, 3.25%, (1 mo. USD LIBOR + 2.50%, Floor 0.75%), Maturing June 30, 2022 |
224 | 220,240 | ||||||
|
|
|
|||||||
| $ | 4,077,437 | |||||||
|
|
|
|||||||
| Beverage and Tobacco — 0.5% |
||||||||
| Arterra Wines Canada, Inc. |
||||||||
| Term Loan, 3.75%, (3 mo. USD LIBOR + 2.75%, Floor 1.00%), |
$ | 580 | $ | 574,842 | ||||
|
|
|
|||||||
| $ | 574,842 | |||||||
|
|
|
|||||||
| Brokerage/Securities Dealers/Investment Houses — 0.9% |
||||||||
| Advisor Group, Inc. |
||||||||
| Term Loan, 5.16%, (1 mo. USD LIBOR + 5.00%), Maturing July 31, 2026 |
$ | 767 | $ | 736,798 | ||||
| Clipper Acquisitions Corp. |
||||||||
| Term Loan, 1.91%, (1 mo. USD LIBOR + 1.75%), Maturing December 27, 2024 |
293 | 289,575 | ||||||
| OZ Management L.P. |
||||||||
| Term Loan, 4.94%, (1 mo. USD LIBOR + 4.75%), Maturing April 10, 2023 |
5 | 5,081 | ||||||
|
|
|
|||||||
| $ | 1,031,454 | |||||||
|
|
|
|||||||
| Building and Development — 4.3% |
||||||||
| ACProducts, Inc. |
||||||||
| Term Loan, 7.50%, (6 mo. USD LIBOR + 6.50%, Floor 1.00%), |
$ | 99 | $ | 99,768 | ||||
| American Builders & Contractors Supply Co., Inc. |
||||||||
| Term Loan, 2.16%, (1 mo. USD LIBOR + 2.00%), Maturing January 15, 2027 |
546 | 533,328 | ||||||
| APi Group DE, Inc. |
||||||||
| Term Loan, 2.66%, (1 mo. USD LIBOR + 2.50%), Maturing October 1, 2026 |
348 | 343,625 | ||||||
| Beacon Roofing Supply, Inc. |
||||||||
| Term Loan, 2.41%, (1 mo. USD LIBOR + 2.25%), Maturing January 2, 2025 |
147 | 142,715 | ||||||
| Brookfield Property REIT, Inc. |
||||||||
| Term Loan, 2.66%, (1 mo. USD LIBOR + 2.50%), Maturing August 27, 2025 |
221 | 178,957 | ||||||
| Core & Main L.P. |
||||||||
| Term Loan, 3.75%, (USD LIBOR + 2.75%, Floor 1.00%), Maturing August 1, 2024(2) |
244 | 239,656 | ||||||
| CPG International, Inc. |
||||||||
| Term Loan, 4.75%, (12 mo. USD LIBOR + 3.75%, Floor 1.00%), Maturing May 5, 2024 |
302 | 302,289 | ||||||
| Cushman & Wakefield U.S. Borrower, LLC |
||||||||
| Term Loan, 2.91%, (1 mo. USD LIBOR + 2.75%), Maturing August 21, 2025 |
1,256 | 1,208,818 | ||||||
| LSF11 Skyscraper Holdco S.a.r.l. |
||||||||
| Term Loan, Maturing May 4, 2027(3) |
225 | 223,312 | ||||||
| NCI Building Systems, Inc. |
||||||||
| Term Loan, 3.92%, (1 mo. USD LIBOR + 3.75%), Maturing April 12, 2025 |
172 | 169,405 | ||||||
2
| Borrower/Tranche Description | Principal Amount (000’s omitted) |
Value | ||||||
| Quikrete Holdings, Inc. |
||||||||
| Term Loan, 2.66%, (1 mo. USD LIBOR + 2.50%), Maturing February 1, 2027 |
$ | 598 | $ | 584,204 | ||||
| Realogy Group, LLC |
||||||||
| Term Loan, 3.00%, (1 mo. USD LIBOR + 2.25%, Floor 0.75%), Maturing February 8, 2025 |
441 | 422,772 | ||||||
| Werner FinCo L.P. |
||||||||
| Term Loan, 5.00%, (1 mo. USD LIBOR + 4.00%, Floor 1.00%), Maturing July 24, 2024 |
341 | 332,955 | ||||||
| WireCo WorldGroup, Inc. |
||||||||
| Term Loan, 6.07%, (6 mo. USD LIBOR + 5.00%), Maturing September 30, 2023 |
464 | 401,607 | ||||||
|
|
|
|||||||
| $ | 5,183,411 | |||||||
|
|
|
|||||||
| Business Equipment and Services — 11.3% |
||||||||
| Adtalem Global Education, Inc. |
||||||||
| Term Loan, 3.16%, (1 mo. USD LIBOR + 3.00%), Maturing April 11, 2025 |
$ | 98 | $ | 94,325 | ||||
| Airbnb, Inc. |
||||||||
| Term Loan, 8.50%, (3 mo. USD LIBOR + 7.50%, Floor 1.00%), Maturing April 17, 2025 |
175 | 187,250 | ||||||
| AlixPartners, LLP |
||||||||
| Term Loan, 2.66%, (1 mo. USD LIBOR + 2.50%), Maturing April 4, 2024 |
632 | 619,528 | ||||||
| Allied Universal Holdco, LLC |
||||||||
| Term Loan, 4.41%, (1 mo. USD LIBOR + 4.25%), Maturing July 10, 2026 |
1,095 | 1,088,631 | ||||||
| Amentum Government Services Holdings, LLC |
||||||||
| Term Loan, 4.16%, (1 mo. USD LIBOR + 4.00%), Maturing February 1, 2027 |
225 | 224,930 | ||||||
| AppLovin Corporation |
||||||||
| Term Loan, 3.66%, (1 mo. USD LIBOR + 3.50%), Maturing August 15, 2025 |
1,135 | 1,126,833 | ||||||
| Term Loan, 4.16%, (1 mo. USD LIBOR + 4.00%), Maturing August 15, 2025 |
150 | 148,503 | ||||||
| ASGN Incorporated |
||||||||
| Term Loan, 1.91%, (1 mo. USD LIBOR + 1.75%), Maturing April 2, 2025 |
75 | 73,720 | ||||||
| Asplundh Tree Expert, LLC |
||||||||
| Term Loan, Maturing August 19, 2027(3) |
275 | 275,378 | ||||||
| Belfor Holdings, Inc. |
||||||||
| Term Loan, 4.16%, (1 mo. USD LIBOR + 4.00%), Maturing April 6, 2026 |
124 | 123,750 | ||||||
| Bracket Intermediate Holding Corp. |
||||||||
| Term Loan, 4.55%, (3 mo. USD LIBOR + 4.25%), Maturing September 5, 2025 |
197 | 192,324 | ||||||
| Brand Energy & Infrastructure Services, Inc. |
||||||||
| Term Loan, 5.25%, (3 mo. USD LIBOR + 4.25%, Floor 1.00%), Maturing June 21, 2024 |
374 | 347,490 | ||||||
| Cardtronics USA, Inc. |
||||||||
| Term Loan, 5.00%, (1 mo. USD LIBOR + 4.00%, Floor 1.00%), Maturing June 29, 2027 |
125 | 125,260 | ||||||
| CCC Information Services, Inc. |
||||||||
| Term Loan, 4.00%, (1 mo. USD LIBOR + 3.00%, Floor 1.00%), Maturing April 29, 2024 |
1,033 | 1,029,223 | ||||||
| Ceridian HCM Holding, Inc. |
||||||||
| Term Loan, 2.61%, (1 week USD LIBOR + 2.50%), Maturing April 30, 2025 |
344 | 336,836 | ||||||
| CM Acquisition Co. |
||||||||
| Term Loan, 11.00%, (3 mo. USD LIBOR + 10.00%, Floor 1.00%), Maturing July 26, 2023 |
66 | 62,783 | ||||||
| Deerfield Dakota Holding, LLC |
||||||||
| Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), Maturing April 9, 2027 |
475 | 474,555 | ||||||
3
| Borrower/Tranche Description | Principal Amount (000’s omitted) |
Value | ||||||
| EAB Global, Inc. |
||||||||
| Term Loan, 4.75%, (USD LIBOR + 3.75%, Floor 1.00%), Maturing November 15, 2024(2) |
$ | 318 | $ | 306,171 | ||||
| EIG Investors Corp. |
||||||||
| Term Loan, 4.75%, (USD LIBOR + 3.75%, Floor 1.00%), Maturing February 9, 2023(2) |
700 | 698,874 | ||||||
| Garda World Security Corporation |
||||||||
| Term Loan, 4.93%, (1 mo. USD LIBOR + 4.75%), Maturing October 30, 2026 |
326 | 326,509 | ||||||
| IG Investment Holdings, LLC |
||||||||
| Term Loan, 5.00%, (3 mo. USD LIBOR + 4.00%, Floor 1.00%), Maturing May 23, 2025 |
578 | 565,850 | ||||||
| Illuminate Buyer, LLC |
||||||||
| Term Loan, 4.31%, (3 mo. USD LIBOR + 4.00%), Maturing June 16, 2027 |
175 | 174,307 | ||||||
| IRI Holdings, Inc. |
||||||||
| Term Loan, 4.41%, (1 mo. USD LIBOR + 4.25%), Maturing December 1, 2025 |
345 | 337,855 | ||||||
| Iron Mountain, Inc. |
||||||||
| Term Loan, 1.91%, (1 mo. USD LIBOR + 1.75%), Maturing January 2, 2026 |
196 | 189,839 | ||||||
| KAR Auction Services, Inc. |
||||||||
| Term Loan, 2.44%, (1 mo. USD LIBOR + 2.25%), Maturing September 19, 2026 |
149 | 144,781 | ||||||
| KUEHG Corp. |
||||||||
| Term Loan, 4.75%, (3 mo. USD LIBOR + 3.75%, Floor 1.00%), Maturing February 21, 2025 |
820 | 760,570 | ||||||
| Monitronics International, Inc. |
||||||||
| Term Loan, 7.75%, (1 mo. USD LIBOR + 6.50%, Floor 1.25%), Maturing March 29, 2024 |
184 | 140,719 | ||||||
| PGX Holdings, Inc. |
||||||||
| Term Loan, 6.25%, (12 mo. USD LIBOR + 5.25%, Floor 1.00%), Maturing September 29, 2023 |
227 | 169,183 | ||||||
| Pre-Paid Legal Services, Inc. |
||||||||
| Term Loan, 3.41%, (1 mo. USD LIBOR + 3.25%), Maturing May 1, 2025 |
88 | 85,823 | ||||||
| Prime Security Services Borrower, LLC |
||||||||
| Term Loan, 4.25%, (6 mo. USD LIBOR + 3.25%, Floor 1.00%), Maturing September 23, 2026 |
529 | 528,281 | ||||||
| Red Ventures, LLC |
||||||||
| Term Loan, 2.66%, (1 mo. USD LIBOR + 2.50%), Maturing November 8, 2024 |
340 | 327,273 | ||||||
| Rockwood Service Corporation |
||||||||
| Term Loan, 4.56%, (3 mo. USD LIBOR + 4.25%), Maturing January 23, 2027 |
100 | 99,251 | ||||||
| Sabre GLBL, Inc. |
||||||||
| Term Loan, 2.16%, (1 mo. USD LIBOR + 2.00%), Maturing February 22, 2024 |
620 | 579,386 | ||||||
| Spin Holdco, Inc. |
||||||||
| Term Loan, 4.25%, (3 mo. USD LIBOR + 3.25%, Floor 1.00%), Maturing November 14, 2022 |
929 | 907,786 | ||||||
| Tempo Acquisition, LLC |
||||||||
| Term Loan, 3.75%, (1 mo. USD LIBOR + 3.25%, Floor 0.50%), Maturing November 2, 2026 |
171 | 168,218 | ||||||
| Vestcom Parent Holdings, Inc. |
||||||||
| Term Loan, 5.07%, (6 mo. USD LIBOR + 4.00%), Maturing December 19, 2023 |
120 | 115,672 | ||||||
| WASH Multifamily Laundry Systems, LLC |
||||||||
| Term Loan, 4.25%, (1 mo. USD LIBOR + 3.25%, Floor 1.00%), Maturing May 14, 2022 |
224 | 218,228 | ||||||
| West Corporation |
||||||||
| Term Loan, 5.00%, (3 mo. USD LIBOR + 4.00%, Floor 1.00%), Maturing October 10, 2024 |
268 | 240,251 | ||||||
|
|
|
|||||||
| $ | 13,616,146 | |||||||
|
|
|
|||||||
4
| Borrower/Tranche Description | Principal Amount (000’s omitted) |
Value | ||||||
| Cable and Satellite Television — 4.6% |
||||||||
| Altice France S.A. |
||||||||
| Term Loan, 4.16%, (1 mo. USD LIBOR + 4.00%), Maturing August 14, 2026 |
$ | 494 | $ | 486,519 | ||||
| Charter Communications Operating, LLC |
||||||||
| Term Loan, 1.91%, (1 mo. USD LIBOR + 1.75%), Maturing February 1, 2027 |
853 | 839,041 | ||||||
| CSC Holdings, LLC |
||||||||
| Term Loan, 2.41%, (1 mo. USD LIBOR + 2.25%), Maturing July 17, 2025 |
635 | 616,668 | ||||||
| Term Loan, 2.41%, (1 mo. USD LIBOR + 2.25%), Maturing January 15, 2026 |
222 | 214,462 | ||||||
| Term Loan, 2.66%, (1 mo. USD LIBOR + 2.50%), Maturing April 15, 2027 |
295 | 286,110 | ||||||
| Numericable Group S.A. |
||||||||
| Term Loan, 2.91%, (1 mo. USD LIBOR + 2.75%), Maturing July 31, 2025 |
435 | 418,504 | ||||||
| Telenet Financing USD, LLC |
||||||||
| Term Loan, 2.16%, (1 mo. USD LIBOR + 2.00%), Maturing April 30, 2028 |
900 | 869,063 | ||||||
| UPC Broadband Holding B.V. |
||||||||
| Term Loan, 2.41%, (1 mo. USD LIBOR + 2.25%), Maturing April 30, 2028 |
200 | 195,062 | ||||||
| Virgin Media Bristol, LLC |
||||||||
| Term Loan, 2.66%, (1 mo. USD LIBOR + 2.50%), Maturing January 31, 2028 |
1,650 | 1,610,926 | ||||||
|
|
|
|||||||
| $ | 5,536,355 | |||||||
|
|
|
|||||||
| Chemicals and Plastics — 5.9% |
||||||||
| Alpha 3 B.V. |
||||||||
| Term Loan, 4.00%, (3 mo. USD LIBOR + 3.00%, Floor 1.00%), Maturing January 31, 2024 |
$ | 130 | $ | 128,946 | ||||
| Aruba Investments, Inc. |
||||||||
| Term Loan, 5.25%, (6 mo. USD LIBOR + 4.25%, Floor 1.00%), Maturing July 7, 2025 |
250 | 250,313 | ||||||
| Axalta Coating Systems US Holdings, Inc. |
||||||||
| Term Loan, 2.06%, (3 mo. USD LIBOR + 1.75%), Maturing June 1, 2024 |
856 | 835,834 | ||||||
| Emerald Performance Materials, LLC |
||||||||
| Term Loan, 5.00%, (1 mo. USD LIBOR + 4.00%, Floor 1.00%), Maturing August 12, 2025 |
86 | 86,001 | ||||||
| Ferro Corporation |
||||||||
| Term Loan, 2.56%, (3 mo. USD LIBOR + 2.25%), Maturing February 14, 2024 |
73 | 71,674 | ||||||
| Term Loan, 2.56%, (3 mo. USD LIBOR + 2.25%), Maturing February 14, 2024 |
74 | 73,232 | ||||||
| Flint Group GmbH |
||||||||
| Term Loan, 5.25%, (3 mo. USD LIBOR + 4.25%, Floor 1.00%), Maturing September 21, 2023 |
37 | 32,689 | ||||||
| Flint Group US, LLC |
||||||||
| Term Loan, 5.25%, (3 mo. USD LIBOR + 4.25%, Floor 1.00%), Maturing September 21, 2023 |
222 | 197,744 | ||||||
| Gemini HDPE, LLC |
||||||||
| Term Loan, 2.76%, (3 mo. USD LIBOR + 2.50%), Maturing August 7, 2024 |
458 | 449,638 | ||||||
| H.B. Fuller Company |
||||||||
| Term Loan, 2.16%, (1 mo. USD LIBOR + 2.00%), Maturing October 20, 2024 |
362 | 354,426 | ||||||
| Hexion, Inc. |
||||||||
| Term Loan, 3.80%, (3 mo. USD LIBOR + 3.50%), Maturing July 1, 2026 |
569 | 560,711 | ||||||
| Messer Industries GmbH |
||||||||
| Term Loan, 2.81%, (3 mo. USD LIBOR + 2.50%), Maturing March 1, 2026 |
321 | 315,780 | ||||||
5
| Borrower/Tranche Description | Principal Amount (000’s omitted) |
Value | ||||||
| Minerals Technologies, Inc. |
||||||||
| Term Loan, 3.00%, (USD LIBOR + 2.25%, Floor 0.75%), Maturing February 14, 2024(2) |
$ | 221 | $ | 221,166 | ||||
| Momentive Performance Materials, Inc. |
||||||||
| Term Loan, 3.41%, (1 mo. USD LIBOR + 3.25%), Maturing May 15, 2024 |
99 | 93,679 | ||||||
| Orion Engineered Carbons GmbH |
||||||||
| Term Loan, 2.31%, (3 mo. USD LIBOR + 2.00%), Maturing July 25, 2024 |
289 | 284,321 | ||||||
| PMHC II, Inc. |
||||||||
| Term Loan, 4.50%, (12 mo. USD LIBOR + 3.50%, Floor 1.00%), Maturing March 31, 2025 |
422 | 394,962 | ||||||
| PQ Corporation |
||||||||
| Term Loan, 2.51%, (3 mo. USD LIBOR + 2.25%), Maturing February 7, 2027 |
517 | 508,124 | ||||||
| Term Loan, 4.00%, (3 mo. USD LIBOR + 3.00%, Floor 1.00%), Maturing February 7, 2027 |
450 | 449,437 | ||||||
| Pregis TopCo Corporation |
||||||||
| Term Loan, 3.91%, (1 mo. USD LIBOR + 3.75%), Maturing July 31, 2026 |
149 | 147,322 | ||||||
| Starfruit Finco B.V. |
||||||||
| Term Loan, 3.16%, (1 mo. USD LIBOR + 3.00%), Maturing October 1, 2025 |
440 | 429,706 | ||||||
| Tronox Finance, LLC |
||||||||
| Term Loan, 3.22%, (USD LIBOR + 3.00%), Maturing September 23, 2024(2) |
717 | 703,614 | ||||||
| Univar, Inc. |
||||||||
| Term Loan, 2.41%, (1 mo. USD LIBOR + 2.25%), Maturing July 1, 2024 |
461 | 452,349 | ||||||
|
|
|
|||||||
| $ | 7,041,668 | |||||||
|
|
|
|||||||
| Containers and Glass Products — 4.2% |
||||||||
| Berry Global, Inc. |
||||||||
| Term Loan, 2.16%, (1 mo. USD LIBOR + 2.00%), Maturing October 1, 2022 |
$ | 210 | $ | 207,301 | ||||
| Term Loan, 2.16%, (1 mo. USD LIBOR + 2.00%), Maturing July 1, 2026 |
223 | 216,875 | ||||||
| BWAY Holding Company |
||||||||
| Term Loan, 3.52%, (3 mo. USD LIBOR + 3.25%), Maturing April 3, 2024 |
243 | 230,728 | ||||||
| Flex Acquisition Company, Inc. |
||||||||
| Term Loan, 4.00%, (3 mo. USD LIBOR + 3.00%, Floor 1.00%), Maturing December 29, 2023 |
769 | 745,515 | ||||||
| Term Loan, 3.55%, (3 mo. USD LIBOR + 3.25%), Maturing June 29, 2025 |
342 | 328,746 | ||||||
| Libbey Glass, Inc. |
||||||||
| DIP Loan, 12.00%, (3 mo. USD LIBOR + 11.00%, Floor 1.00%), Maturing November 27, 2020 |
61 | 61,887 | ||||||
| DIP Loan, 4.00%, (USD LIBOR + 3.00%, Floor 1.00%), |
61 | 63,012 | ||||||
| Term Loan, 0.00%, Maturing April 9, 2021(4) |
219 | 38,599 | ||||||
| Pelican Products, Inc. |
||||||||
| Term Loan, 4.50%, (3 mo. USD LIBOR + 3.50%, Floor 1.00%), Maturing May 1, 2025 |
147 | 140,385 | ||||||
| Reynolds Consumer Products, Inc. |
||||||||
| Term Loan, 1.91%, (1 mo. USD LIBOR + 1.75%), Maturing February 4, 2027 |
526 | 520,444 | ||||||
| Reynolds Group Holdings, Inc. |
||||||||
| Term Loan, 2.91%, (1 mo. USD LIBOR + 2.75%), Maturing February 5, 2023 |
1,824 | 1,803,603 | ||||||
| Ring Container Technologies Group, LLC |
||||||||
| Term Loan, 2.91%, (1 mo. USD LIBOR + 2.75%), Maturing October 31, 2024 |
219 | 214,048 | ||||||
| Trident TPI Holdings, Inc. |
||||||||
| Term Loan, 4.07%, (6 mo. USD LIBOR + 3.00%), Maturing October 17, 2024 |
512 | 507,777 | ||||||
|
|
|
|||||||
| $ | 5,078,920 | |||||||
|
|
|
|||||||
6
| Borrower/Tranche Description | Principal Amount (000’s omitted) |
Value | ||||||
| Cosmetics/Toiletries — 1.0% |
||||||||
| Kronos Acquisition Holdings, Inc. |
||||||||
| Term Loan, 5.00%, (3 mo. USD LIBOR + 4.00%, Floor 1.00%), Maturing May 15, 2023 |
$ | 544 | $ | 540,056 | ||||
| Term Loan, 8.00%, (3 mo. USD LIBOR + 7.00%, Floor 1.00%), Maturing May 15, 2023 |
617 | 617,188 | ||||||
|
|
|
|||||||
| $ | 1,157,244 | |||||||
|
|
|
|||||||
| Drugs — 7.1% |
||||||||
| Akorn, Inc. |
||||||||
| Term Loan, 15.50%, (1 mo. USD LIBOR + 14.50%, Floor 1.00%), |
$ | 226 | $ | 202,100 | ||||
| Albany Molecular Research, Inc. |
||||||||
| Term Loan, 4.25%, (USD LIBOR + 3.25%, Floor 1.00%), Maturing August 30, 2024(2) |
316 | 311,717 | ||||||
| Amneal Pharmaceuticals, LLC |
||||||||
| Term Loan, 3.69%, (1 mo. USD LIBOR + 3.50%), Maturing May 4, 2025 |
808 | 761,427 | ||||||
| Arbor Pharmaceuticals, Inc. |
||||||||
| Term Loan, 6.00%, (6 mo. USD LIBOR + 5.00%, Floor 1.00%), Maturing July 5, 2023 |
377 | 348,531 | ||||||
| Bausch Health Companies, Inc. |
||||||||
| Term Loan, 3.18%, (1 mo. USD LIBOR + 3.00%), Maturing June 2, 2025 |
1,180 | 1,162,451 | ||||||
| Catalent Pharma Solutions, Inc. |
||||||||
| Term Loan, 3.25%, (1 mo. USD LIBOR + 2.25%, Floor 1.00%), Maturing May 18, 2026 |
198 | 196,842 | ||||||
| Elanco Animal Health Incorporated |
||||||||
| Term Loan, 1.91%, (1 mo. USD LIBOR + 1.75%), Maturing August 1, 2027 |
265 | 260,149 | ||||||
| Endo Luxembourg Finance Company I S.a.r.l. |
||||||||
| Term Loan, 5.00%, (3 mo. USD LIBOR + 4.25%, Floor 0.75%), Maturing April 29, 2024 |
1,140 | 1,102,993 | ||||||
| Grifols Worldwide Operations USA, Inc. |
||||||||
| Term Loan, 2.11%, (1 week USD LIBOR + 2.00%), Maturing November 15, 2027 |
1,024 | 1,006,048 | ||||||
| Horizon Therapeutics USA, Inc. |
||||||||
| Term Loan, 2.44%, (1 mo. USD LIBOR + 2.25%), Maturing May 22, 2026 |
498 | 493,494 | ||||||
| Jaguar Holding Company II |
||||||||
| Term Loan, 3.50%, (1 mo. USD LIBOR + 2.50%, Floor 1.00%), Maturing August 18, 2022 |
1,571 | 1,569,223 | ||||||
| Mallinckrodt International Finance S.A. |
||||||||
| Term Loan, 3.50%, (6 mo. USD LIBOR + 2.75%, Floor 0.75%), |
697 | 607,864 | ||||||
| Term Loan, 3.75%, (6 mo. USD LIBOR + 3.00%, Floor 0.75%), |
628 | 547,039 | ||||||
|
|
|
|||||||
| $ | 8,569,878 | |||||||
|
|
|
|||||||
| Ecological Services and Equipment — 1.3% |
||||||||
| Advanced Disposal Services, Inc. |
||||||||
| Term Loan, 3.00%, (1 week USD LIBOR + 2.25%, Floor 0.75%), |
$ | 445 | $ | 444,322 | ||||
| EnergySolutions, LLC |
||||||||
| Term Loan, 4.75%, (3 mo. USD LIBOR + 3.75%, Floor 1.00%), Maturing May 9, 2025 |
418 | 390,988 | ||||||
| GFL Environmental, Inc. |
||||||||
| Term Loan, 4.00%, (USD LIBOR + 3.00%, Floor 1.00%), Maturing May 30, 2025(2) |
690 | 685,750 | ||||||
|
|
|
|||||||
| $ | 1,521,060 | |||||||
|
|
|
|||||||
7
| Borrower/Tranche Description | Principal Amount (000’s omitted) |
Value | ||||||
| Electronics/Electrical — 24.1% |
||||||||
| Applied Systems, Inc. |
||||||||
| Term Loan, 4.25%, (3 mo. USD LIBOR + 3.25%, Floor 1.00%), |
$ | 880 | $ | 877,367 | ||||
| Term Loan - Second Lien, 8.00%, (3 mo. USD LIBOR + 7.00%, Floor 1.00%), |
100 | 101,469 | ||||||
| Aptean, Inc. |
||||||||
| Term Loan, 4.41%, (1 mo. USD LIBOR + 4.25%), Maturing April 23, 2026 |
173 | 168,964 | ||||||
| Astra Acquisition Corp. |
||||||||
| Term Loan, 6.50%, (1 mo. USD LIBOR + 5.50%, Floor 1.00%), Maturing March 1, 2027 |
200 | 198,502 | ||||||
| Avast Software B.V. |
||||||||
| Term Loan, 3.25%, (3 mo. USD LIBOR + 2.25%, Floor 1.00%), |
84 | 83,418 | ||||||
| Banff Merger Sub, Inc. |
||||||||
| Term Loan, 4.41%, (1 mo. USD LIBOR + 4.25%), Maturing October 2, 2025 |
1,313 | 1,291,763 | ||||||
| Barracuda Networks, Inc. |
||||||||
| Term Loan, 4.25%, (3 mo. USD LIBOR + 3.25%, Floor 1.00%), |
465 | 460,700 | ||||||
| Buzz Merger Sub, Ltd. |
||||||||
| Term Loan, 2.91%, (1 mo. USD LIBOR + 2.75%), Maturing January 29, 2027 |
125 | 122,350 | ||||||
| Castle US Holding Corporation |
||||||||
| Term Loan, 4.06%, (3 mo. USD LIBOR + 3.75%), Maturing January 29, 2027 |
245 | 236,983 | ||||||
| CDW, LLC |
||||||||
| Term Loan, 1.91%, (1 mo. USD LIBOR + 1.75%), Maturing October 13, 2026 |
298 | 297,674 | ||||||
| CentralSquare Technologies, LLC |
||||||||
| Term Loan, 3.91%, (1 mo. USD LIBOR + 3.75%), Maturing August 29, 2025 |
197 | 176,019 | ||||||
| Cohu, Inc. |
||||||||
| Term Loan, 3.16%, (1 mo. USD LIBOR + 3.00%), Maturing October 1, 2025 |
172 | 165,490 | ||||||
| CommScope, Inc. |
||||||||
| Term Loan, 3.41%, (1 mo. USD LIBOR + 3.25%), Maturing April 6, 2026 |
397 | 390,208 | ||||||
| Cornerstone OnDemand, Inc. |
||||||||
| Term Loan, 4.43%, (1 mo. USD LIBOR + 4.25%), Maturing April 22, 2027 |
400 | 399,667 | ||||||
| CPI International, Inc. |
||||||||
| Term Loan, 4.50%, (1 mo. USD LIBOR + 3.50%, Floor 1.00%), |
137 | 131,291 | ||||||
| ECI Macola/Max Holdings, LLC |
||||||||
| Term Loan, 5.25%, (3 mo. USD LIBOR + 4.25%, Floor 1.00%), |
171 | 169,910 | ||||||
| Electro Rent Corporation |
||||||||
| Term Loan, 6.00%, (3 mo. USD LIBOR + 5.00%, Floor 1.00%), |
389 | 386,716 | ||||||
| Epicor Software Corporation |
||||||||
| Term Loan, 5.25%, (1 mo. USD LIBOR + 4.25%, Floor 1.00%), Maturing July 30, 2027 |
1,599 | 1,601,343 | ||||||
| Term Loan - Second Lien, 8.75%, (1 mo. USD LIBOR + 7.75%, Floor 1.00%), |
200 | 206,312 | ||||||
| EXC Holdings III Corp. |
||||||||
| Term Loan, 4.50%, (3 mo. USD LIBOR + 3.50%, Floor 1.00%), |
970 | 956,368 | ||||||
| Finastra USA, Inc. |
||||||||
| Term Loan, 4.50%, (6 mo. USD LIBOR + 3.50%, Floor 1.00%), Maturing June 13, 2024 |
1,423 | 1,344,856 | ||||||
| Fiserv Investment Solutions, Inc. |
||||||||
| Term Loan, 5.02%, (3 mo. USD LIBOR + 4.75%), Maturing February 18, 2027 |
125 | 124,687 | ||||||
8
| Borrower/Tranche Description | Principal Amount (000’s omitted) |
Value | ||||||
| GlobalLogic Holdings, Inc. |
||||||||
| Term Loan, 2.91%, (1 mo. USD LIBOR + 2.75%), Maturing August 1, 2025 |
$ | 108 | $ | 105,599 | ||||
| Term Loan, Maturing August 13, 2027(3) |
175 | 174,562 | ||||||
| Go Daddy Operating Company, LLC |
||||||||
| Term Loan, 1.91%, (1 mo. USD LIBOR + 1.75%), Maturing February 15, 2024 |
947 | 930,461 | ||||||
| Term Loan, Maturing August 10, 2027(3) |
275 | 272,708 | ||||||
| Hyland Software, Inc. |
||||||||
| Term Loan, 4.00%, (1 mo. USD LIBOR + 3.25%, Floor 0.75%), Maturing July 1, 2024 |
1,937 | 1,916,885 | ||||||
| Infoblox, Inc. |
||||||||
| Term Loan, 4.66%, (1 mo. USD LIBOR + 4.50%), Maturing November 7, 2023 |
473 | 475,064 | ||||||
| Informatica, LLC |
||||||||
| Term Loan, 3.41%, (1 mo. USD LIBOR + 3.25%), Maturing February 25, 2027 |
1,372 | 1,344,621 | ||||||
| LogMeIn, Inc. |
||||||||
| Term Loan, Maturing August 14, 2027(3) |
375 | 366,328 | ||||||
| MA FinanceCo., LLC |
||||||||
| Term Loan, 2.66%, (1 mo. USD LIBOR + 2.50%), Maturing June 21, 2024 |
114 | 108,439 | ||||||
| Term Loan, 5.25%, (3 mo. USD LIBOR + 4.25%, Floor 1.00%), Maturing June 5, 2025 |
425 | 424,203 | ||||||
| MACOM Technology Solutions Holdings, Inc. |
||||||||
| Term Loan, 2.41%, (1 mo. USD LIBOR + 2.25%), Maturing May 17, 2024 |
287 | 279,070 | ||||||
| MaxLinear, Inc. |
||||||||
| Term Loan, Maturing July 31, 2023(3) |
300 | 299,437 | ||||||
| MTS Systems Corporation |
||||||||
| Term Loan, 4.00%, (1 mo. USD LIBOR + 3.25%, Floor 0.75%), Maturing July 5, 2023 |
120 | 119,981 | ||||||
| NCR Corporation |
||||||||
| Term Loan, 2.66%, (1 mo. USD LIBOR + 2.50%), Maturing August 28, 2026 |
199 | 193,372 | ||||||
| Recorded Books, Inc. |
||||||||
| Term Loan, 4.41%, (1 mo. USD LIBOR + 4.25%), Maturing August 29, 2025 |
284 | 280,960 | ||||||
| Redstone Buyer, LLC |
||||||||
| Term Loan, Maturing June 29, 2027(3) |
525 | 525,000 | ||||||
| Refinitiv US Holdings, Inc. |
||||||||
| Term Loan, 3.41%, (1 mo. USD LIBOR + 3.25%), Maturing October 1, 2025 |
271 | 268,868 | ||||||
| Seattle Spinco, Inc. |
||||||||
| Term Loan, 2.66%, (1 mo. USD LIBOR + 2.50%), Maturing June 21, 2024 |
770 | 732,317 | ||||||
| SGS Cayman L.P. |
||||||||
| Term Loan, 6.38%, (3 mo. USD LIBOR + 5.38%, Floor 1.00%), Maturing April 23, 2021 |
49 | 42,130 | ||||||
| SkillSoft Corporation |
||||||||
| DIP Loan, 8.50%, (1 mo. USD LIBOR + 7.50%, Floor 1.00%), Maturing September 14, 2020 |
46 | 45,580 | ||||||
| Term Loan, 8.50%, (3 mo. USD LIBOR + 7.50%, Floor 1.00%), Maturing December 27, 2024 |
47 | 46,831 | ||||||
| Term Loan, 8.50%, (3 mo. USD LIBOR + 7.50%, Floor 1.00%), Maturing April 27, 2025 |
291 | 282,200 | ||||||
| Term Loan, Maturing December 27, 2024(3) |
46 | 41,579 | ||||||
| SolarWinds Holdings, Inc. |
||||||||
| Term Loan, 2.91%, (1 mo. USD LIBOR + 2.75%), Maturing February 5, 2024 |
244 | 241,160 | ||||||
9
| Borrower/Tranche Description | Principal Amount (000’s omitted) |
Value | ||||||
| Solera, LLC |
||||||||
| Term Loan, 2.94%, (USD LIBOR + 2.75%), Maturing March 3, 2023(2) |
$ | 660 | $ | 649,862 | ||||
| Sparta Systems, Inc. |
||||||||
| Term Loan, 4.56%, (6 mo. USD LIBOR + 3.50%), Maturing August 21, 2024 |
522 | 495,536 | ||||||
| SS&C Technologies Holdings Europe S.a.r.l. |
||||||||
| Term Loan, 1.91%, (1 mo. USD LIBOR + 1.75%), Maturing April 16, 2025 |
247 | 240,386 | ||||||
| SS&C Technologies, Inc. |
||||||||
| Term Loan, 1.91%, (1 mo. USD LIBOR + 1.75%), Maturing April 16, 2025 |
351 | 342,153 | ||||||
| STG-Fairway Holdings, LLC |
||||||||
| Term Loan, 4.32%, (6 mo. USD LIBOR + 3.25%), Maturing January 31, 2027 |
755 | 726,530 | ||||||
| SurveyMonkey, Inc. |
||||||||
| Term Loan, 3.86%, (1 week USD LIBOR + 3.75%), Maturing October 10, 2025 |
252 | 252,175 | ||||||
| Sutherland Global Services, Inc. |
||||||||
| Term Loan, 6.38%, (3 mo. USD LIBOR + 5.38%, Floor 1.00%), Maturing April 23, 2021 |
210 | 180,987 | ||||||
| Syncsort Incorporated |
||||||||
| Term Loan, 6.51%, (3 mo. USD LIBOR + 6.25%), Maturing August 16, 2024 |
559 | 547,054 | ||||||
| Tech Data Corporation |
||||||||
| Term Loan, 3.66%, (1 mo. USD LIBOR + 3.50%), Maturing June 30, 2025 |
275 | 276,160 | ||||||
| Tibco Software, Inc. |
||||||||
| Term Loan, 3.91%, (1 mo. USD LIBOR + 3.75%), Maturing June 30, 2026 |
817 | 794,109 | ||||||
| Uber Technologies, Inc. |
||||||||
| Term Loan, 3.66%, (1 mo. USD LIBOR + 3.50%), Maturing July 13, 2023 |
890 | 878,442 | ||||||
| Term Loan, 5.00%, (1 mo. USD LIBOR + 4.00%, Floor 1.00%), Maturing April 4, 2025 |
1,034 | 1,027,052 | ||||||
| Ultimate Software Group, Inc. (The) |
||||||||
| Term Loan, 3.91%, (1 mo. USD LIBOR + 3.75%), Maturing May 4, 2026 |
372 | 370,024 | ||||||
| Term Loan, 4.75%, (3 mo. USD LIBOR + 4.00%, Floor 0.75%), Maturing May 4, 2026 |
925 | 926,156 | ||||||
| Ultra Clean Holdings, Inc. |
||||||||
| Term Loan, 4.66%, (1 mo. USD LIBOR + 4.50%), Maturing August 27, 2025 |
164 | 164,464 | ||||||
| Verifone Systems, Inc. |
||||||||
| Term Loan, 4.25%, (3 mo. USD LIBOR + 4.00%), Maturing August 20, 2025 |
270 | 245,081 | ||||||
| Veritas US, Inc. |
||||||||
| Term Loan, 6.50%, (3 mo. USD LIBOR + 5.50%, Floor 1.00%), |
600 | 589,687 | ||||||
| VS Buyer, LLC |
||||||||
| Term Loan, 3.41%, (1 mo. USD LIBOR + 3.25%), Maturing February 28, 2027 |
274 | 271,569 | ||||||
| Vungle, Inc. |
||||||||
| Term Loan, 5.66%, (1 mo. USD LIBOR + 5.50%), Maturing September 30, 2026 |
149 | 148,875 | ||||||
| Western Digital Corporation |
||||||||
| Term Loan, 1.91%, (1 mo. USD LIBOR + 1.75%), Maturing April 29, 2023 |
381 | 377,301 | ||||||
|
|
|
|||||||
| $ | 28,913,015 | |||||||
|
|
|
|||||||
| Equipment Leasing — 0.0%(5) |
||||||||
| IBC Capital Limited |
||||||||
| Term Loan, 4.06%, (3 mo. USD LIBOR + 3.75%), Maturing September 11, 2023 |
$ | 47 | $ | 44,477 | ||||
|
|
|
|||||||
| $ | 44,477 | |||||||
|
|
|
|||||||
10
| Borrower/Tranche Description | Principal Amount (000’s omitted) |
Value | ||||||
| Financial Intermediaries — 3.8% |
||||||||
| Apollo Commercial Real Estate Finance, Inc. |
||||||||
| Term Loan, 2.91%, (1 mo. USD LIBOR + 2.75%), Maturing May 15, 2026 |
$ | 99 | $ | 94,297 | ||||
| Aretec Group, Inc. |
||||||||
| Term Loan, 4.41%, (1 mo. USD LIBOR + 4.25%), Maturing October 1, 2025 |
840 | 785,844 | ||||||
| Claros Mortgage Trust, Inc. |
||||||||
| Term Loan, 3.41%, (1 mo. USD LIBOR + 3.25%), Maturing August 9, 2026 |
174 | 165,003 | ||||||
| Ditech Holding Corporation |
||||||||
| Term Loan, 0.00%, Maturing June 30, 2022(4) |
600 | 140,901 | ||||||
| FinCo. I, LLC |
||||||||
| Term Loan, 2.16%, (1 mo. USD LIBOR + 2.00%), Maturing December 27, 2022 |
202 | 200,239 | ||||||
| Focus Financial Partners, LLC |
||||||||
| Term Loan, 2.16%, (1 mo. USD LIBOR + 2.00%), Maturing July 3, 2024 |
639 | 627,375 | ||||||
| Franklin Square Holdings L.P. |
||||||||
| Term Loan, 2.44%, (1 mo. USD LIBOR + 2.25%), Maturing August 1, 2025 |
123 | 120,970 | ||||||
| Greenhill & Co., Inc. |
||||||||
| Term Loan, 3.43%, (1 mo. USD LIBOR + 3.25%), Maturing April 12, 2024 |
303 | 295,750 | ||||||
| GreenSky Holdings, LLC |
||||||||
| Term Loan, 5.50%, (1 mo. USD LIBOR + 4.50%, Floor 1.00%), Maturing March 29, 2025 |
100 | 97,000 | ||||||
| Term Loan, 3.44%, (1 mo. USD LIBOR + 3.25%), Maturing March 31, 2025 |
490 | 474,299 | ||||||
| Guggenheim Partners, LLC |
||||||||
| Term Loan, 3.50%, (1 mo. USD LIBOR + 2.75%, Floor 0.75%), Maturing July 21, 2023 |
553 | 552,140 | ||||||
| Harbourvest Partners, LLC |
||||||||
| Term Loan, 2.53%, (3 mo. USD LIBOR + 2.25%), Maturing March 3, 2025 |
99 | 97,587 | ||||||
| LPL Holdings, Inc. |
||||||||
| Term Loan, 1.92%, (1 mo. USD LIBOR + 1.75%), Maturing November 12, 2026 |
299 | 292,810 | ||||||
| Starwood Property Trust, Inc. |
||||||||
| Term Loan, 2.66%, (1 mo. USD LIBOR + 2.50%), Maturing July 27, 2026 |
124 | 119,022 | ||||||
| StepStone Group L.P. |
||||||||
| Term Loan, 5.00%, (6 mo. USD LIBOR + 4.00%, Floor 1.00%), Maturing March 27, 2025 |
147 | 146,258 | ||||||
| Victory Capital Holdings, Inc. |
||||||||
| Term Loan, 2.80%, (3 mo. USD LIBOR + 2.50%), Maturing July 1, 2026 |
269 | 265,805 | ||||||
| Virtus Investment Partners, Inc. |
||||||||
| Term Loan, 3.00%, (3 mo. USD LIBOR + 2.25%, Floor 0.75%), Maturing June 1, 2024 |
112 | 110,891 | ||||||
|
|
|
|||||||
| $ | 4,586,191 | |||||||
|
|
|
|||||||
| Food Products — 3.1% |
||||||||
| Alphabet Holding Company, Inc. |
||||||||
| Term Loan, 3.66%, (1 mo. USD LIBOR + 3.50%), Maturing September 26, 2024 |
$ | 559 | $ | 546,780 | ||||
| Atkins Nutritionals Holdings II, Inc. |
||||||||
| Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), Maturing July 7, 2024 |
93 | 92,988 | ||||||
| Badger Buyer Corp. |
||||||||
| Term Loan, 4.50%, (1 mo. USD LIBOR + 3.50%, Floor 1.00%), Maturing September 30, 2024 |
391 | 363,588 | ||||||
| CHG PPC Parent, LLC |
||||||||
| Term Loan, 2.91%, (1 mo. USD LIBOR + 2.75%), Maturing March 31, 2025 |
98 | 95,060 | ||||||
11
| Borrower/Tranche Description | Principal Amount (000’s omitted) |
Value | ||||||
| Froneri International, Ltd. |
||||||||
| Term Loan, 2.41%, (1 mo. USD LIBOR + 2.25%), Maturing January 31, 2027 |
$ | 475 | $ | 458,587 | ||||
| Hearthside Food Solutions, LLC |
||||||||
| Term Loan, 3.84%, (1 mo. USD LIBOR + 3.69%), Maturing May 23, 2025 |
368 | 359,503 | ||||||
| Term Loan, 4.16%, (1 mo. USD LIBOR + 4.00%), Maturing May 23, 2025 |
99 | 97,269 | ||||||
| HLF Financing S.a.r.l. |
||||||||
| Term Loan, 2.91%, (1 mo. USD LIBOR + 2.75%), Maturing August 18, 2025 |
246 | 242,432 | ||||||
| JBS USA Lux S.A. |
||||||||
| Term Loan, 3.07%, (6 mo. USD LIBOR + 2.00%), Maturing May 1, 2026 |
1,210 | 1,179,445 | ||||||
| Nomad Foods Europe Midco Limited |
||||||||
| Term Loan, 2.41%, (1 mo. USD LIBOR + 2.25%), Maturing May 15, 2024 |
292 | 285,966 | ||||||
|
|
|
|||||||
| $ | 3,721,618 | |||||||
|
|
|
|||||||
| Food Service — 2.0% |
||||||||
| 1011778 B.C. Unlimited Liability Company |
||||||||
| Term Loan, 1.91%, (1 mo. USD LIBOR + 1.75%), Maturing November 19, 2026 |
$ | 1,020 | $ | 983,815 | ||||
| Aramark Services, Inc. |
||||||||
| Term Loan, 1.91%, (1 mo. USD LIBOR + 1.75%), Maturing March 11, 2025 |
210 | 200,968 | ||||||
| IRB Holding Corp. |
||||||||
| Term Loan, 3.75%, (6 mo. USD LIBOR + 2.75%, Floor 1.00%), Maturing February 5, 2025 |
441 | 425,871 | ||||||
| KFC Holding Co. |
||||||||
| Term Loan, 1.90%, (1 mo. USD LIBOR + 1.75%), Maturing April 3, 2025 |
241 | 235,176 | ||||||
| Restaurant Technologies, Inc. |
||||||||
| Term Loan, 3.41%, (1 mo. USD LIBOR + 3.25%), Maturing October 1, 2025 |
49 | 47,403 | ||||||
| US Foods, Inc. |
||||||||
| Term Loan, 1.91%, (1 mo. USD LIBOR + 1.75%), Maturing June 27, 2023 |
195 | 188,654 | ||||||
| Term Loan, 3.07%, (6 mo. USD LIBOR + 2.00%), Maturing September 13, 2026 |
372 | 358,417 | ||||||
|
|
|
|||||||
| $ | 2,440,304 | |||||||
|
|
|
|||||||
| Food/Drug Retailers — 0.1% |
||||||||
| BW Gas & Convenience Holdings, LLC |
||||||||
| Term Loan, 6.43%, (1 mo. USD LIBOR + 6.25%), Maturing November 18, 2024 |
$ | 146 | $ | 146,616 | ||||
|
|
|
|||||||
| $ | 146,616 | |||||||
|
|
|
|||||||
| Forest Products — 0.2% |
||||||||
| Neenah, Inc. |
||||||||
| Term Loan, 5.00%, (3 mo. USD LIBOR + 4.00%, Floor 1.00%), Maturing June 25, 2027 |
$ | 225 | $ | 226,406 | ||||
|
|
|
|||||||
| $ | 226,406 | |||||||
|
|
|
|||||||
| Health Care — 12.8% |
||||||||
| Accelerated Health Systems, LLC |
||||||||
| Term Loan, 3.66%, (1 mo. USD LIBOR + 3.50%), Maturing October 31, 2025 |
$ | 123 | $ | 120,355 | ||||
| ADMI Corp. |
||||||||
| Term Loan, 2.91%, (1 mo. USD LIBOR + 2.75%), Maturing April 30, 2025 |
392 | 378,529 | ||||||
| Alliance Healthcare Services, Inc. |
||||||||
| Term Loan, 5.50%, (1 mo. USD LIBOR + 4.50%, Floor 1.00%), Maturing October 24, 2023 |
185 | 142,045 | ||||||
| athenahealth, Inc. |
||||||||
| Term Loan, 4.82%, (3 mo. USD LIBOR + 4.50%), Maturing February 11, 2026 |
444 | 442,153 | ||||||
12
| Borrower/Tranche Description | Principal Amount (000’s omitted) |
Value | ||||||
| Avantor Funding, Inc. |
||||||||
| Term Loan, 3.25%, (1 mo. USD LIBOR + 2.25%, Floor 1.00%), Maturing November 21, 2024 |
$ | 276 | $ | 273,358 | ||||
| BioClinica Holding I L.P. |
||||||||
| Term Loan, 5.25%, (1 mo. USD LIBOR + 4.25%, Floor 1.00%), Maturing October 20, 2023 |
387 | 372,456 | ||||||
| BW NHHC Holdco, Inc. |
||||||||
| Term Loan, 5.27%, (3 mo. USD LIBOR + 5.00%), Maturing May 15, 2025 |
221 | 187,425 | ||||||
| Change Healthcare Holdings, LLC |
||||||||
| Term Loan, 3.50%, (USD LIBOR + 2.50%, Floor 1.00%), Maturing March 1, 2024(2) |
1,195 | 1,175,953 | ||||||
| CHG Healthcare Services, Inc. |
||||||||
| Term Loan, 4.07%, (6 mo. USD LIBOR + 3.00%), Maturing June 7, 2023 |
749 | 740,344 | ||||||
| CryoLife, Inc. |
||||||||
| Term Loan, 4.25%, (3 mo. USD LIBOR + 3.25%, Floor 1.00%), Maturing December 1, 2024 |
122 | 121,037 | ||||||
| Ensemble RCM, LLC |
||||||||
| Term Loan, 4.01%, (3 mo. USD LIBOR + 3.75%), Maturing August 3, 2026 |
99 | 98,692 | ||||||
| Envision Healthcare Corporation |
||||||||
| Term Loan, 3.91%, (1 mo. USD LIBOR + 3.75%), Maturing October 10, 2025 |
1,306 | 953,645 | ||||||
| Gentiva Health Services, Inc. |
||||||||
| Term Loan, 3.44%, (1 mo. USD LIBOR + 3.25%), Maturing July 2, 2025 |
532 | 528,416 | ||||||
| GHX Ultimate Parent Corporation |
||||||||
| Term Loan, 4.25%, (3 mo. USD LIBOR + 3.25%, Floor 1.00%), Maturing June 28, 2024 |
194 | 191,526 | ||||||
| Greatbatch Ltd. |
||||||||
| Term Loan, 3.50%, (1 mo. USD LIBOR + 2.50%, Floor 1.00%), Maturing October 27, 2022 |
258 | 258,113 | ||||||
| Hanger, Inc. |
||||||||
| Term Loan, 3.66%, (1 mo. USD LIBOR + 3.50%), Maturing March 6, 2025 |
244 | 243,357 | ||||||
| Inovalon Holdings, Inc. |
||||||||
| Term Loan, 3.19%, (1 mo. USD LIBOR + 3.00%), Maturing April 2, 2025 |
279 | 275,210 | ||||||
| IQVIA, Inc. |
||||||||
| Term Loan, 1.91%, (1 mo. USD LIBOR + 1.75%), Maturing January 17, 2025 |
170 | 166,784 | ||||||
| Medical Solutions, LLC |
||||||||
| Term Loan, 5.50%, (1 mo. USD LIBOR + 4.50%, Floor 1.00%), Maturing June 14, 2024 |
270 | 261,748 | ||||||
| Milano Acquisition Corp. |
||||||||
| Term Loan, Maturing August 13, 2027(3) |
675 | 671,625 | ||||||
| MPH Acquisition Holdings, LLC |
||||||||
| Term Loan, 3.75%, (3 mo. USD LIBOR + 2.75%, Floor 1.00%), Maturing June 7, 2023 |
790 | 783,637 | ||||||
| National Mentor Holdings, Inc. |
||||||||
| Term Loan, 4.41%, (1 mo. USD LIBOR + 4.25%), Maturing March 9, 2026 |
5 | 5,355 | ||||||
| Term Loan, 4.41%, (1 mo. USD LIBOR + 4.25%), Maturing March 9, 2026 |
118 | 117,606 | ||||||
| Navicure, Inc. |
||||||||
| Term Loan, 4.16%, (1 mo. USD LIBOR + 4.00%), Maturing October 22, 2026 |
224 | 219,107 | ||||||
| One Call Corporation |
||||||||
| Term Loan, 6.25%, (3 mo. USD LIBOR + 5.25%, Floor 1.00%), Maturing November 25, 2022 |
260 | 226,609 | ||||||
| Ortho-Clinical Diagnostics S.A. |
||||||||
| Term Loan, 3.41%, (1 mo. USD LIBOR + 3.25%), Maturing June 30, 2025 |
1,432 | 1,385,439 | ||||||
| Parexel International Corporation |
||||||||
| Term Loan, 2.91%, (1 mo. USD LIBOR + 2.75%), Maturing September 27, 2024 |
501 | 486,662 | ||||||
13
| Borrower/Tranche Description | Principal Amount (000’s omitted) |
Value | ||||||
| Phoenix Guarantor, Inc. |
||||||||
| Term Loan, 3.41%, (1 mo. USD LIBOR + 3.25%), Maturing March 5, 2026 |
$ | 421 | $ | 414,239 | ||||
| Radiology Partners, Inc |
||||||||
| Term Loan, 5.67%, (USD LIBOR + 4.25%), Maturing July 9, 2025(2) |
601 | 577,759 | ||||||
| RadNet, Inc. |
||||||||
| Term Loan, 4.75%, (6 mo. USD LIBOR + 3.75%, Floor 1.00%), Maturing June 30, 2023 |
350 | 348,485 | ||||||
| Select Medical Corporation |
||||||||
| Term Loan, 2.68%, (1 mo. USD LIBOR + 2.50%), Maturing March 6, 2025 |
558 | 544,532 | ||||||
| Sound Inpatient Physicians |
||||||||
| Term Loan, 2.91%, (1 mo. USD LIBOR + 2.75%), Maturing June 27, 2025 |
98 | 96,224 | ||||||
| Surgery Center Holdings, Inc. |
||||||||
| Term Loan, 4.25%, (1 mo. USD LIBOR + 3.25%, Floor 1.00%), Maturing September 3, 2024 |
762 | 722,750 | ||||||
| Team Health Holdings, Inc. |
||||||||
| Term Loan, 3.75%, (1 mo. USD LIBOR + 2.75%, Floor 1.00%), Maturing February 6, 2024 |
484 | 407,257 | ||||||
| Tecomet, Inc. |
||||||||
| Term Loan, 4.68%, (6 mo. USD LIBOR + 3.50%), Maturing May 1, 2024 |
269 | 258,875 | ||||||
| U.S. Anesthesia Partners, Inc. |
||||||||
| Term Loan, 4.00%, (6 mo. USD LIBOR + 3.00%, Floor 1.00%), Maturing June 23, 2024 |
589 | 570,559 | ||||||
| Verscend Holding Corp. |
||||||||
| Term Loan, 4.66%, (1 mo. USD LIBOR + 4.50%), Maturing August 27, 2025 |
344 | 342,440 | ||||||
| Viant Medical Holdings, Inc. |
||||||||
| Term Loan, 3.91%, (1 mo. USD LIBOR + 3.75%), Maturing July 2, 2025 |
98 | 89,899 | ||||||
| Wink Holdco, Inc. |
||||||||
| Term Loan, 4.00%, (1 mo. USD LIBOR + 3.00%, Floor 1.00%), Maturing December 2, 2024 |
122 | 119,285 | ||||||
|
|
|
|||||||
| $ | 15,319,490 | |||||||
|
|
|
|||||||
| Home Furnishings — 0.8% |
||||||||
| Serta Simmons Bedding, LLC |
||||||||
| Term Loan, 8.50%, (1 mo. USD LIBOR + 7.50%, Floor 1.00%), Maturing August 10, 2023 |
$ | 260 | $ | 260,433 | ||||
| Term Loan - Second Lien, 8.50%, (1 mo. USD LIBOR + 7.50%, Floor 1.00%), |
861 | 706,184 | ||||||
|
|
|
|||||||
| $ | 966,617 | |||||||
|
|
|
|||||||
| Industrial Equipment — 6.9% |
||||||||
| AI Alpine AT Bidco GmbH |
||||||||
| Term Loan, 4.21%, (6 mo. USD LIBOR + 3.00%), Maturing October 31, 2025 |
$ | 49 | $ | 45,064 | ||||
| Altra Industrial Motion Corp. |
||||||||
| Term Loan, 2.16%, (1 mo. USD LIBOR + 2.00%), Maturing October 1, 2025 |
148 | 145,158 | ||||||
| Apex Tool Group, LLC |
||||||||
| Term Loan, 6.50%, (1 mo. USD LIBOR + 5.25%, Floor 1.25%), Maturing August 1, 2024 |
540 | 522,065 | ||||||
14
| Borrower/Tranche Description | Principal Amount (000’s omitted) |
Value | ||||||
| CPM Holdings, Inc. |
||||||||
| Term Loan, 3.95%, (1 mo. USD LIBOR + 3.75%), Maturing November 17, 2025 |
$ | 484 | $ | 449,399 | ||||
| Delachaux Group S.A. |
||||||||
| Term Loan, 5.36%, (6 mo. USD LIBOR + 4.50%), Maturing April 16, 2026 |
99 | 94,669 | ||||||
| DexKo Global, Inc. |
||||||||
| Term Loan, 4.50%, (1 mo. USD LIBOR + 3.50%, Floor 1.00%), Maturing July 24, 2024 |
486 | 468,537 | ||||||
| DXP Enterprises, Inc. |
||||||||
| Term Loan, 5.75%, (1 mo. USD LIBOR + 4.75%, Floor 1.00%), Maturing August 29, 2023 |
109 | 105,881 | ||||||
| Dynacast International, LLC |
||||||||
| Term Loan, 4.25%, (3 mo. USD LIBOR + 3.25%, Floor 1.00%), Maturing January 28, 2022 |
287 | 249,608 | ||||||
| Engineered Machinery Holdings, Inc. |
||||||||
| Term Loan, 4.00%, (3 mo. USD LIBOR + 3.00%, Floor 1.00%), Maturing July 19, 2024 |
366 | 356,256 | ||||||
| EWT Holdings III Corp. |
||||||||
| Term Loan, 2.91%, (1 mo. USD LIBOR + 2.75%), Maturing December 20, 2024 |
774 | 765,636 | ||||||
| Filtration Group Corporation |
||||||||
| Term Loan, 3.16%, (1 mo. USD LIBOR + 3.00%), Maturing March 29, 2025 |
353 | 347,359 | ||||||
| Gardner Denver, Inc. |
||||||||
| Term Loan, 1.91%, (1 mo. USD LIBOR + 1.75%), Maturing March 1, 2027 |
284 | 275,798 | ||||||
| Gates Global, LLC |
||||||||
| Term Loan, 3.75%, (1 mo. USD LIBOR + 2.75%, Floor 1.00%), Maturing April 1, 2024 |
951 | 941,390 | ||||||
| Hayward Industries, Inc. |
||||||||
| Term Loan, 3.66%, (1 mo. USD LIBOR + 3.50%), Maturing August 5, 2024 |
96 | 94,458 | ||||||
| Ingersoll-Rand Services Company |
||||||||
| Term Loan, 1.91%, (1 mo. USD LIBOR + 1.75%), Maturing March 1, 2027 |
299 | 290,810 | ||||||
| LTI Holdings, Inc. |
||||||||
| Term Loan, 3.67%, (1 mo. USD LIBOR + 3.50%), Maturing September 6, 2025 |
372 | 346,176 | ||||||
| Term Loan, 4.92%, (1 mo. USD LIBOR + 4.75%), Maturing July 24, 2026 |
50 | 46,441 | ||||||
| Pro Mach Group, Inc. |
||||||||
| Term Loan, 1.75%, Maturing March 7, 2025(6) |
100 | 96,875 | ||||||
| Term Loan, 4.50%, (6 mo. USD LIBOR + 3.50%, Floor 1.00%), Maturing March 7, 2025 |
100 | 96,875 | ||||||
| Rexnord, LLC |
||||||||
| Term Loan, 1.91%, (1 mo. USD LIBOR + 1.75%), Maturing August 21, 2024 |
681 | 680,333 | ||||||
| Robertshaw US Holding Corp. |
||||||||
| Term Loan, 4.25%, (USD LIBOR + 3.50%, Floor 1.00%), |
244 | 207,108 | ||||||
15
| Borrower/Tranche Description | Principal Amount (000’s omitted) |
Value | ||||||
| Thermon Industries, Inc. |
||||||||
| Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), Maturing October 30, 2024 |
$ | 70 | $ | 69,856 | ||||
| Titan Acquisition Limited |
||||||||
| Term Loan, 3.36%, (6 mo. USD LIBOR + 3.00%), Maturing March 28, 2025 |
682 | 645,866 | ||||||
| Vertical Midco GmbH |
||||||||
| Term Loan, 4.57%, (3 mo. USD LIBOR + 4.25%), Maturing July 30, 2027 |
300 | 297,833 | ||||||
| Welbilt, Inc. |
||||||||
| Term Loan, 2.66%, (1 mo. USD LIBOR + 2.50%), Maturing October 23, 2025 |
760 | 685,744 | ||||||
|
|
|
|||||||
| $ | 8,325,195 | |||||||
|
|
|
|||||||
| Insurance — 6.8% |
||||||||
| Alliant Holdings Intermediate, LLC |
||||||||
| Term Loan, 2.91%, (1 mo. USD LIBOR + 2.75%), Maturing May 9, 2025 |
$ | 523 | $ | 506,560 | ||||
| Term Loan, 3.43%, (1 mo. USD LIBOR + 3.25%), Maturing May 9, 2025 |
99 | 96,884 | ||||||
| AmWINS Group, Inc. |
||||||||
| Term Loan, 3.75%, (1 mo. USD LIBOR + 2.75%, Floor 1.00%), Maturing January 25, 2024 |
856 | 852,085 | ||||||
| AssuredPartners Capital, Inc. |
||||||||
| Term Loan, 5.50%, (1 mo. USD LIBOR + 4.50%, Floor 1.00%), Maturing February 12, 2027 |
100 | 99,875 | ||||||
| AssuredPartners, Inc. |
||||||||
| Term Loan, 3.66%, (1 mo. USD LIBOR + 3.50%), Maturing February 12, 2027 |
547 | 535,279 | ||||||
| Asurion, LLC |
||||||||
| Term Loan, 3.16%, (1 mo. USD LIBOR + 3.00%), Maturing August 4, 2022 |
1,082 | 1,070,881 | ||||||
| Term Loan, 3.16%, (1 mo. USD LIBOR + 3.00%), Maturing November 3, 2023 |
457 | 449,648 | ||||||
| Term Loan - Second Lien, 6.66%, (1 mo. USD LIBOR + 6.50%), Maturing August 4, 2025 |
540 | 542,717 | ||||||
| FrontDoor, Inc. |
||||||||
| Term Loan, 2.69%, (1 mo. USD LIBOR + 2.50%), Maturing August 16, 2025 |
98 | 96,653 | ||||||
| Hub International Limited |
||||||||
| Term Loan, 3.26%, (USD LIBOR + 3.00%), Maturing April 25, 2025(2) |
1,127 | 1,100,656 | ||||||
| Term Loan, 5.00%, (USD LIBOR + 4.00%, Floor 1.00%), Maturing April 25, 2025(2) |
423 | 423,786 | ||||||
| NFP Corp. |
||||||||
| Term Loan, 3.41%, (1 mo. USD LIBOR + 3.25%), Maturing February 15, 2027 |
782 | 754,543 | ||||||
| Ryan Specialty Group, LLC |
||||||||
| Term Loan, Maturing June 29, 2027(3) |
425 | 424,646 | ||||||
| Sedgwick Claims Management Services, Inc. |
||||||||
| Term Loan, 3.41%, (1 mo. USD LIBOR + 3.25%), Maturing December 31, 2025 |
271 | 262,128 | ||||||
| USI, Inc. |
||||||||
| Term Loan, 3.31%, (3 mo. USD LIBOR + 3.00%), Maturing May 16, 2024 |
681 | 664,412 | ||||||
| Term Loan, 4.31%, (3 mo. USD LIBOR + 4.00%), Maturing December 2, 2026 |
323 | 319,454 | ||||||
|
|
|
|||||||
| $ | 8,200,207 | |||||||
|
|
|
|||||||
16
| Borrower/Tranche Description | Principal Amount (000’s omitted) |
Value | ||||||
| Leisure Goods/Activities/Movies — 5.5% |
||||||||
| Ancestry.com Operations, Inc. |
||||||||
| Term Loan, 4.41%, (1 mo. USD LIBOR + 4.25%), Maturing August 27, 2026 |
$ | 693 | $ | 692,560 | ||||
| Bombardier Recreational Products, Inc. |
||||||||
| Term Loan, 2.16%, (1 mo. USD LIBOR + 2.00%), Maturing May 24, 2027 |
1,062 | 1,021,432 | ||||||
| Term Loan, 6.00%, (3 mo. USD LIBOR + 5.00%, Floor 1.00%), Maturing May 24, 2027 |
150 | 153,000 | ||||||
| Carnival Corporation |
||||||||
| Term Loan, 8.50%, (1 mo. USD LIBOR + 7.50%, Floor 1.00%), Maturing June 30, 2025 |
300 | 295,125 | ||||||
| ClubCorp Holdings, Inc. |
||||||||
| Term Loan, 3.06%, (3 mo. USD LIBOR + 2.75%), Maturing September 18, 2024 |
438 | 382,192 | ||||||
| Crown Finance US, Inc. |
||||||||
| Term Loan, 3.32%, (6 mo. USD LIBOR + 2.25%), Maturing February 28, 2025 |
386 | 304,735 | ||||||
| Term Loan, 3.57%, (6 mo. USD LIBOR + 2.50%), Maturing September 30, 2026 |
323 | 252,540 | ||||||
| Delta 2 (LUX) S.a.r.l. |
||||||||
| Term Loan, 3.50%, (1 mo. USD LIBOR + 2.50%, Floor 1.00%), Maturing February 1, 2024 |
439 | 428,444 | ||||||
| Emerald Expositions Holding, Inc. |
||||||||
| Term Loan, 2.66%, (1 mo. USD LIBOR + 2.50%), Maturing May 22, 2024 |
132 | 120,162 | ||||||
| Lindblad Expeditions, Inc. |
||||||||
| Term Loan, 5.50%, (1 mo. USD LIBOR + 4.75%, Floor 0.75%), Maturing March 27, 2025 |
96 | 83,667 | ||||||
| Term Loan, 5.50%, (1 mo. USD LIBOR + 4.75%, Floor 0.75%), Maturing March 27, 2025 |
382 | 334,669 | ||||||
| Match Group, Inc. |
||||||||
| Term Loan, 2.00%, (3 mo. USD LIBOR + 1.75%), Maturing February 13, 2027 |
175 | 171,354 | ||||||
| Motion Finco S.a.r.l. |
||||||||
| Term Loan, 4.32%, (6 mo. USD LIBOR + 3.25%), Maturing November 12, 2026 |
14 | 13,454 | ||||||
| Term Loan, 4.32%, (6 mo. USD LIBOR + 3.25%), Maturing November 12, 2026 |
110 | 102,371 | ||||||
| Playtika Holding Corp. |
||||||||
| Term Loan, 7.07%, (6 mo. USD LIBOR + 6.00%), Maturing December 10, 2024 |
756 | 763,224 | ||||||
| SRAM, LLC |
||||||||
| Term Loan, 3.75%, (USD LIBOR + 2.75%, Floor 1.00%), Maturing March 15, 2024(2) |
157 | 156,727 | ||||||
| Steinway Musical Instruments, Inc. |
||||||||
| Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), Maturing February 14, 2025 |
112 | 106,674 | ||||||
| Travel Leaders Group, LLC |
||||||||
| Term Loan, 4.16%, (1 mo. USD LIBOR + 4.00%), Maturing January 25, 2024 |
221 | 159,725 | ||||||
| UFC Holdings, LLC |
||||||||
| Term Loan, 4.25%, (6 mo. USD LIBOR + 3.25%, Floor 1.00%), Maturing April 29, 2026 |
1,031 | 1,020,236 | ||||||
|
|
|
|||||||
| $ | 6,562,291 | |||||||
|
|
|
|||||||
| Lodging and Casinos — 3.8% |
||||||||
| Aristocrat Technologies, Inc. |
||||||||
| Term Loan, 2.02%, (3 mo. USD LIBOR + 1.75%), Maturing October 19, 2024 |
$ | 245 | $ | 239,676 | ||||
| Boyd Gaming Corporation |
||||||||
| Term Loan, 2.36%, (1 week USD LIBOR + 2.25%), Maturing September 15, 2023 |
152 | 148,227 | ||||||
| CityCenter Holdings, LLC |
||||||||
| Term Loan, 3.00%, (1 mo. USD LIBOR + 2.25%, Floor 0.75%), Maturing April 18, 2024 |
707 | 671,122 | ||||||
17
| Borrower/Tranche Description | Principal Amount (000’s omitted) |
Value | ||||||
| ESH Hospitality, Inc. |
||||||||
| Term Loan, 2.16%, (1 mo. USD LIBOR + 2.00%), Maturing September 18, 2026 |
$ | 162 | $ | 157,683 | ||||
| Golden Nugget, Inc. |
||||||||
| Term Loan, 3.25%, (USD LIBOR + 2.50%, Floor 0.75%), Maturing October 4, 2023(2) |
1,618 | 1,453,900 | ||||||
| GVC Holdings (Gibraltar) Limited |
||||||||
| Term Loan, 3.31%, (6 mo. USD LIBOR + 2.25%), Maturing March 29, 2024 |
244 | 240,557 | ||||||
| Hanjin International Corp. |
||||||||
| Term Loan, 2.66%, (1 mo. USD LIBOR + 2.50%), Maturing October 18, 2020 |
125 | 117,500 | ||||||
| Playa Resorts Holding B.V. |
||||||||
| Term Loan, 3.75%, (1 mo. USD LIBOR + 2.75%, Floor 1.00%), Maturing April 29, 2024 |
825 | 718,970 | ||||||
| Stars Group Holdings B.V. (The) |
||||||||
| Term Loan, 3.81%, (3 mo. USD LIBOR + 3.50%), Maturing July 10, 2025 |
468 | 469,305 | ||||||
| Wyndham Hotels & Resorts, Inc. |
||||||||
| Term Loan, 1.91%, (1 mo. USD LIBOR + 1.75%), Maturing May 30, 2025 |
295 | 284,134 | ||||||
|
|
|
|||||||
| $ | 4,501,074 | |||||||
|
|
|
|||||||
| Nonferrous Metals/Minerals — 0.2% |
||||||||
| Murray Energy Corporation |
||||||||
| DIP Loan, 13.00%, (1 mo. USD LIBOR + 11.00%, Floor 2.00%), Maturing July 31, 2021 |
$ | 132 | $ | 108,710 | ||||
| Term Loan, 0.00%, Maturing October 17, 2022(4) |
473 | 9,468 | ||||||
| Noranda Aluminum Acquisition Corporation |
||||||||
| Term Loan, 0.00%, Maturing February 28, 2021(4) |
238 | 16,637 | ||||||
| Oxbow Carbon, LLC |
||||||||
| Term Loan, 3.91%, (1 mo. USD LIBOR + 3.75%), Maturing January 4, 2023 |
131 | 127,969 | ||||||
|
|
|
|||||||
| $ | 262,784 | |||||||
|
|
|
|||||||
| Oil and Gas — 4.0% |
||||||||
| Ameriforge Group, Inc. |
||||||||
| Term Loan, 14.00%, (3 mo. USD LIBOR + 13.00%, Floor 1.00%), |
$ | 113 | $ | 98,829 | ||||
| Apergy Corporation |
||||||||
| Term Loan, 2.69%, (1 mo. USD LIBOR + 2.50%), Maturing May 9, 2025 |
41 | 39,951 | ||||||
| Blackstone CQP Holdco L.P. |
||||||||
| Term Loan, 3.81%, (3 mo. USD LIBOR + 3.50%), Maturing September 30, 2024 |
622 | 612,261 | ||||||
| Buckeye Partners L.P. |
||||||||
| Term Loan, 2.91%, (1 mo. USD LIBOR + 2.75%), Maturing November 1, 2026 |
623 | 614,197 | ||||||
| Centurion Pipeline Company, LLC |
||||||||
| Term Loan, 4.17%, (1 mo. USD LIBOR + 4.00%), Maturing September 28, 2025 |
50 | 48,500 | ||||||
| CITGO Holding, Inc. |
||||||||
| Term Loan, 8.00%, (3 mo. USD LIBOR + 7.00%, Floor 1.00%), Maturing August 1, 2023 |
250 | 238,633 | ||||||
| CITGO Petroleum Corporation |
||||||||
| Term Loan, 6.00%, (6 mo. USD LIBOR + 5.00%, Floor 1.00%), Maturing March 28, 2024 |
1,116 | 1,073,670 | ||||||
18
| Borrower/Tranche Description | Principal Amount (000’s omitted) |
Value | ||||||
| Delek US Holdings, Inc. |
||||||||
| Term Loan, 6.50%, (1 mo. USD LIBOR + 5.50%, Floor 1.00%), Maturing March 31, 2025 |
125 | 122,194 | ||||||
| Fieldwood Energy, LLC |
||||||||
| DIP Loan, 3.68%, (1 mo. USD LIBOR + 8.75%), Maturing August 4, 2021(6) |
106 | 106,634 | ||||||
| Term Loan, 0.00%, Maturing April 11, 2022(4) |
695 | 173,625 | ||||||
| McDermott Technology Americas, Inc. |
||||||||
| Term Loan, 3.16%, (1 mo. USD LIBOR + 3.00%), Maturing June 30, 2024 |
6 | 5,366 | ||||||
| Term Loan, 4.16%, (1 mo. USD LIBOR + 4.00%), Maturing June 30, 2025 |
81 | 65,669 | ||||||
| Prairie ECI Acquiror L.P. |
||||||||
| Term Loan, 4.91%, (1 mo. USD LIBOR + 4.75%), Maturing March 11, 2026 |
904 | 816,924 | ||||||
| PSC Industrial Holdings Corp. |
||||||||
| Term Loan, 4.98%, (6 mo. USD LIBOR + 3.75%), Maturing October 11, 2024 |
411 | 387,699 | ||||||
| RDV Resources Properties, LLC |
||||||||
| Term Loan, 7.50%, (1 mo. USD LIBOR + 6.50%, Floor 1.00%), Maturing March 29, 2024(7) |
112 | 71,521 | ||||||
| Sunrise Oil & Gas Properties, LLC |
||||||||
| Term Loan - First Lien, 8.00%, (1 mo. USD LIBOR + 7.00%, Floor 1.00%), Maturing January 17, 2023 |
21 | 19,446 | ||||||
| Term Loan - Second Lien, 8.00%, (1 mo. USD LIBOR + 7.00%, Floor 1.00%), |
22 | 17,387 | ||||||
| Term Loan - Third Lien, 8.00%, (1 mo. USD LIBOR + 7.00%, Floor 1.00%), Maturing January 17, 2023 |
25 | 13,518 | ||||||
| UGI Energy Services, LLC |
||||||||
| Term Loan, 3.91%, (1 mo. USD LIBOR + 3.75%), Maturing August 13, 2026 |
223 | 221,822 | ||||||
|
|
|
|||||||
| $ | 4,747,846 | |||||||
|
|
|
|||||||
| Publishing — 1.2% |
||||||||
| Alchemy Copyrights, LLC |
||||||||
| Term Loan, 5.50%, (USD Prime + 2.25%), Maturing August 16, 2027 |
$ | 125 | $ | 124,687 | ||||
| Ascend Learning, LLC |
||||||||
| Term Loan, 4.00%, (1 mo. USD LIBOR + 3.00%, Floor 1.00%), Maturing July 12, 2024 |
267 | 264,596 | ||||||
| Getty Images, Inc. |
||||||||
| Term Loan, 4.69%, (1 mo. USD LIBOR + 4.50%), Maturing February 19, 2026 |
390 | 370,281 | ||||||
| LSC Communications, Inc. |
||||||||
| Term Loan, 0.00%, Maturing September 30, 2022(4) |
163 | 26,338 | ||||||
| Nielsen Finance, LLC |
||||||||
| Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), Maturing June 4, 2025 |
200 | 200,581 | ||||||
| ProQuest, LLC |
||||||||
| Term Loan, 3.66%, (1 mo. USD LIBOR + 3.50%), Maturing October 23, 2026 |
348 | 345,638 | ||||||
| Tweddle Group, Inc. |
||||||||
| Term Loan, 5.50%, (1 mo. USD LIBOR + 4.50%, Floor 1.00%), Maturing September 17, 2023 |
47 | 41,740 | ||||||
|
|
|
|||||||
| $ | 1,373,861 | |||||||
|
|
|
|||||||
| Radio and Television — 3.8% |
||||||||
| Cumulus Media New Holdings, Inc. |
||||||||
| Term Loan, 4.82%, (6 mo. USD LIBOR + 3.75%), Maturing March 31, 2026 |
$ | 124 | $ | 118,324 | ||||
| Diamond Sports Group, LLC |
||||||||
| Term Loan, 3.41%, (1 mo. USD LIBOR + 3.25%), Maturing August 24, 2026 |
670 | 569,447 | ||||||
19
| Borrower/Tranche Description | Principal Amount (000’s omitted) |
Value | ||||||
| Entercom Media Corp. |
||||||||
| Term Loan, 2.66%, (1 mo. USD LIBOR + 2.50%), Maturing November 18, 2024 |
$ | 202 | $ | 191,146 | ||||
| Entravision Communications Corporation |
||||||||
| Term Loan, 2.91%, (1 mo. USD LIBOR + 2.75%), Maturing November 29, 2024 |
199 | 186,921 | ||||||
| Gray Television, Inc. |
||||||||
| Term Loan, 2.66%, (1 mo. USD LIBOR + 2.50%), Maturing January 2, 2026 |
127 | 125,312 | ||||||
| Hubbard Radio, LLC |
||||||||
| Term Loan, 5.25%, (6 mo. USD LIBOR + 4.25%, Floor 1.00%), Maturing March 28, 2025 |
124 | 119,670 | ||||||
| iHeartCommunications, Inc. |
||||||||
| Term Loan, 3.16%, (1 mo. USD LIBOR + 3.00%), Maturing May 1, 2026 |
448 | 425,176 | ||||||
| Mission Broadcasting, Inc. |
||||||||
| Term Loan, 2.41%, (1 mo. USD LIBOR + 2.25%), Maturing January 17, 2024 |
78 | 76,302 | ||||||
| Nexstar Broadcasting, Inc. |
||||||||
| Term Loan, 2.41%, (1 mo. USD LIBOR + 2.25%), Maturing January 17, 2024 |
304 | 297,352 | ||||||
| Term Loan, 2.91%, (1 mo. USD LIBOR + 2.75%), Maturing September 18, 2026 |
120 | 118,252 | ||||||
| Sinclair Television Group, Inc. |
||||||||
| Term Loan, 2.66%, (1 mo. USD LIBOR + 2.50%), Maturing September 30, 2026 |
149 | 145,414 | ||||||
| Terrier Media Buyer, Inc. |
||||||||
| Term Loan, 4.41%, (1 mo. USD LIBOR + 4.25%), Maturing December 17, 2026 |
568 | 558,635 | ||||||
| Univision Communications, Inc. |
||||||||
| Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), Maturing March 13, 2026 |
1,705 | 1,671,902 | ||||||
|
|
|
|||||||
| $ | 4,603,853 | |||||||
|
|
|
|||||||
| Retailers (Except Food and Drug) — 2.3% |
||||||||
| Ascena Retail Group, Inc. |
||||||||
| Term Loan, 0.00%, Maturing August 21, 2022(4) |
$ | 529 | $ | 202,282 | ||||
| Bass Pro Group, LLC |
||||||||
| Term Loan, 6.07%, (6 mo. USD LIBOR + 5.00%), Maturing September 25, 2024 |
641 | 639,691 | ||||||
| BJ’s Wholesale Club, Inc. |
||||||||
| Term Loan, 2.16%, (1 mo. USD LIBOR + 2.00%), Maturing February 3, 2024 |
175 | 173,986 | ||||||
| Coinamatic Canada, Inc. |
||||||||
| Term Loan, 4.25%, (1 mo. USD LIBOR + 3.25%, Floor 1.00%), Maturing May 14, 2022 |
39 | 38,218 | ||||||
| David’s Bridal, Inc. |
||||||||
| Term Loan, 11.00%, (3 mo. USD LIBOR + 10.00%, Floor 1.00%), |
66 | 59,691 | ||||||
| Term Loan, 7.00%, (3 mo. USD LIBOR + 6.00%, Floor 1.00%), Maturing June 30, 2023 |
77 | 61,430 | ||||||
| Hoya Midco, LLC |
||||||||
| Term Loan, 4.57%, (6 mo. USD LIBOR + 3.50%), Maturing June 30, 2024 |
242 | 202,504 | ||||||
| LSF9 Atlantis Holdings, LLC |
||||||||
| Term Loan, 7.00%, (1 mo. USD LIBOR + 6.00%, Floor 1.00%), Maturing May 1, 2023 |
230 | 218,740 | ||||||
| PetSmart, Inc. |
||||||||
| Term Loan, 5.00%, (3 mo. USD LIBOR + 4.00%, Floor 1.00%), |
974 | 974,048 | ||||||
| PFS Holding Corporation |
||||||||
| Term Loan, 0.00%, Maturing January 31, 2021(4) |
511 | 199,368 | ||||||
| Pier 1 Imports (U.S.), Inc. |
||||||||
| Term Loan, 0.00%, Maturing April 30, 2021(4) |
118 | 38,391 | ||||||
|
|
|
|||||||
| $ | 2,808,349 | |||||||
|
|
|
|||||||
20
| Borrower/Tranche Description | Principal Amount (000’s omitted) |
Value | ||||||
| Steel — 1.4% |
||||||||
| Atkore International, Inc. |
||||||||
| Term Loan, 3.75%, (3 mo. USD LIBOR + 2.75%, Floor 1.00%), Maturing December 22, 2023 |
$ | 93 | $ | 92,403 | ||||
| GrafTech Finance, Inc. |
||||||||
| Term Loan, 4.50%, (1 mo. USD LIBOR + 3.50%, Floor 1.00%), Maturing February 12, 2025 |
515 | 508,130 | ||||||
| Neenah Foundry Company |
||||||||
| Term Loan, 9.19%, (2 mo. USD LIBOR + 9.00%), Maturing December 13, 2022 |
164 | 143,236 | ||||||
| Phoenix Services International, LLC |
||||||||
| Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), Maturing March 1, 2025 |
171 | 162,135 | ||||||
| Zekelman Industries, Inc. |
||||||||
| Term Loan, 2.17%, (1 mo. USD LIBOR + 2.00%), Maturing January 24, 2027 |
823 | 799,793 | ||||||
|
|
|
|||||||
| $ | 1,705,697 | |||||||
|
|
|
|||||||
| Surface Transport — 0.4% |
||||||||
| Hertz Corporation (The) |
||||||||
| Term Loan, 3.50%, (2 mo. USD LIBOR + 2.75%, Floor 0.75%), Maturing June 30, 2023 |
$ | 234 | $ | 223,096 | ||||
| Kenan Advantage Group, Inc. |
||||||||
| Term Loan, 4.00%, (1 mo. USD LIBOR + 3.00%, Floor 1.00%), Maturing July 31, 2022 |
27 | 25,345 | ||||||
| Term Loan, 4.00%, (1 mo. USD LIBOR + 3.00%, Floor 1.00%), Maturing July 31, 2022 |
87 | 83,347 | ||||||
| XPO Logistics, Inc. |
||||||||
| Term Loan, 2.16%, (1 mo. USD LIBOR + 2.00%), Maturing February 24, 2025 |
150 | 147,063 | ||||||
|
|
|
|||||||
| $ | 478,851 | |||||||
|
|
|
|||||||
| Telecommunications — 5.8% |
||||||||
| CenturyLink, Inc. |
||||||||
| Term Loan, 2.41%, (1 mo. USD LIBOR + 2.25%), Maturing March 15, 2027 |
$ | 1,642 | $ | 1,590,701 | ||||
| Colorado Buyer, Inc. |
||||||||
| Term Loan, 4.00%, (6 mo. USD LIBOR + 3.00%, Floor 1.00%), Maturing May 1, 2024 |
194 | 166,112 | ||||||
| Digicel International Finance Limited |
||||||||
| Term Loan, 3.80%, (6 mo. USD LIBOR + 3.25%), Maturing May 28, 2024 |
170 | 149,340 | ||||||
| Global Eagle Entertainment, Inc. |
||||||||
| DIP Loan, 11.25%, (1 mo. USD LIBOR + 10.00%, Floor 1.25%), Maturing January 22, 2021 |
78 | 77,267 | ||||||
| Term Loan, 0.00%, Maturing January 6, 2023(4) |
475 | 319,720 | ||||||
| Intelsat Jackson Holdings S.A. |
||||||||
| DIP Loan, 5.05%, (3 mo. USD LIBOR + 5.50%, Floor 1.00%), |
296 | 302,311 | ||||||
| Term Loan, 8.00%, (USD Prime + 4.75%), Maturing November 27, 2023 |
600 | 606,750 | ||||||
| Term Loan, 8.75%, (USD Prime + 5.50%), Maturing January 2, 2024 |
400 | 404,714 | ||||||
21
| Borrower/Tranche Description | Principal Amount (000’s omitted) |
Value | ||||||
| IPC Corp. |
||||||||
| Term Loan, 5.50%, (3 mo. USD LIBOR + 4.50%, Floor 1.00%), Maturing August 6, 2021(7) |
$ | 220 | $ | 155,009 | ||||
| Onvoy, LLC |
||||||||
| Term Loan, 5.50%, (1 mo. USD LIBOR + 4.50%, Floor 1.00%), Maturing February 10, 2024 |
460 | 444,052 | ||||||
| Plantronics, Inc. |
||||||||
| Term Loan, 2.78%, (USD LIBOR + 2.50%), Maturing July 2, 2025(2) |
292 | 274,749 | ||||||
| Syniverse Holdings, Inc. |
||||||||
| Term Loan, 6.00%, (3 mo. USD LIBOR + 5.00%, Floor 1.00%), Maturing March 9, 2023 |
220 | 174,081 | ||||||
| T-Mobile USA, Inc. |
||||||||
| Term Loan, 3.16%, (1 mo. USD LIBOR + 3.00%), Maturing April 1, 2027 |
675 | 676,980 | ||||||
| Telesat Canada |
||||||||
| Term Loan, 2.91%, (1 mo. USD LIBOR + 2.75%), Maturing December 7, 2026 |
323 | 314,725 | ||||||
| Zayo Group Holdings, Inc. |
||||||||
| Term Loan, 3.16%, (1 mo. USD LIBOR + 3.00%), Maturing March 9, 2027 |
549 | 534,099 | ||||||
| Ziggo Financing Partnership |
||||||||
| Term Loan, 2.66%, (1 mo. USD LIBOR + 2.50%), Maturing April 30, 2028 |
850 | 823,741 | ||||||
|
|
|
|||||||
| $ | 7,014,351 | |||||||
|
|
|
|||||||
| Utilities — 2.4% |
||||||||
| Brookfield WEC Holdings, Inc. |
||||||||
| Term Loan, 3.75%, (1 mo. USD LIBOR + 3.00%, Floor 0.75%), Maturing August 1, 2025 |
$ | 764 | $ | 753,010 | ||||
| Calpine Construction Finance Company L.P. |
||||||||
| Term Loan, 2.16%, (1 mo. USD LIBOR + 2.00%), Maturing January 15, 2025 |
90 | 87,742 | ||||||
| Calpine Corporation |
||||||||
| Term Loan, 2.41%, (1 mo. USD LIBOR + 2.25%), Maturing January 15, 2024 |
784 | 766,606 | ||||||
| Term Loan, 2.41%, (1 mo. USD LIBOR + 2.25%), Maturing April 5, 2026 |
198 | 194,246 | ||||||
| Granite Acquisition, Inc. |
||||||||
| Term Loan, 4.50%, (3 mo. USD LIBOR + 3.50%, Floor 1.00%), Maturing December 19, 2021 |
614 | 610,946 | ||||||
| Lightstone Holdco, LLC |
||||||||
| Term Loan, 4.75%, (3 mo. USD LIBOR + 3.75%, Floor 1.00%), Maturing January 30, 2024 |
6 | 5,346 | ||||||
| Term Loan, 4.75%, (3 mo. USD LIBOR + 3.75%, Floor 1.00%), Maturing January 30, 2024 |
112 | 94,787 | ||||||
| Longview Power, LLC |
||||||||
| Term Loan, 10.25%, (3 mo. USD LIBOR + 10.00%), Maturing July 30, 2025(7) |
71 | 56,411 | ||||||
| USIC Holdings, Inc. |
||||||||
| Term Loan, 4.25%, (1 mo. USD LIBOR + 3.25%, Floor 1.00%), Maturing December 8, 2023 |
293 | 285,686 | ||||||
|
|
|
|||||||
| $ | 2,854,780 | |||||||
|
|
|
|||||||
| Total Senior Floating-Rate Loans |
$ | 168,629,989 | ||||||
|
|
|
|||||||
22
| Corporate Bonds & Notes — 3.6% |
||||||||
| Security | Principal Amount (000’s omitted) |
Value | ||||||
| Aerospace and Defense — 0.1% |
||||||||
| TransDigm, Inc. |
||||||||
| 7.50%, 3/15/27 |
$ | 125 | $ | 130,836 | ||||
|
|
|
|||||||
| $ | 130,836 | |||||||
|
|
|
|||||||
| Automotive — 0.5% |
||||||||
| Clarios Global, L.P./Clarios US Finance Co. |
||||||||
| 8.50%, 5/15/27(8) |
$ | 500 | $ | 531,719 | ||||
|
|
|
|||||||
| $ | 531,719 | |||||||
|
|
|
|||||||
| Cable and Satellite Television — 0.2% |
||||||||
| Altice France S.A. |
||||||||
| 8.125%, 2/1/27(8) |
$ | 250 | $ | 279,036 | ||||
|
|
|
|||||||
| $ | 279,036 | |||||||
|
|
|
|||||||
| Ecological Services and Equipment — 0.2% |
||||||||
| GFL Environmental, Inc. |
||||||||
| 8.50%, 5/1/27(8) |
$ | 150 | $ | 163,528 | ||||
|
|
|
|||||||
| $ | 163,528 | |||||||
|
|
|
|||||||
| Electronics/Electrical — 0.3% |
||||||||
| Energizer Holdings, Inc. |
||||||||
| 6.375%, 7/15/26(8) |
$ | 250 | $ | 265,627 | ||||
| Go Daddy Operating Co., LLC/GD Finance Co., Inc. |
||||||||
| 5.25%, 12/1/27(8) |
121 | 128,831 | ||||||
|
|
|
|||||||
| $ | 394,458 | |||||||
|
|
|
|||||||
| Food Products — 0.3% |
||||||||
| Post Holdings, Inc. |
||||||||
| 5.625%, 1/15/28(8) |
$ | 375 | $ | 401,597 | ||||
|
|
|
|||||||
| $ | 401,597 | |||||||
|
|
|
|||||||
| Health Care — 0.6% |
||||||||
| HCA, Inc. |
||||||||
| 5.875%, 2/1/29 |
$ | 375 | $ | 456,142 | ||||
| MPH Acquisition Holdings, LLC |
||||||||
| 7.125%, 6/1/24(8) |
250 | 254,138 | ||||||
|
|
|
|||||||
| $ | 710,280 | |||||||
|
|
|
|||||||
| Insurance — 0.4% |
||||||||
| USI, Inc. |
||||||||
| 6.875%, 5/1/25(8) |
$ | 500 | $ | 514,057 | ||||
|
|
|
|||||||
| $ | 514,057 | |||||||
|
|
|
|||||||
23
| Security | Principal Amount (000’s omitted) |
Value | ||||||
| Internet Software & Services — 0.5% |
||||||||
| Netflix, Inc. |
||||||||
| 5.375%, 11/15/29(8) |
$ | 500 | $ | 601,875 | ||||
|
|
|
|||||||
| $ | 601,875 | |||||||
|
|
|
|||||||
| Lodging and Casinos — 0.2% |
||||||||
| Caesars Resort Collection, LLC/CRC Finco, Inc. |
||||||||
| 5.25%, 10/15/25(8) |
$ | 250 | $ | 239,671 | ||||
|
|
|
|||||||
| $ | 239,671 | |||||||
|
|
|
|||||||
| Radio and Television — 0.3% |
||||||||
| iHeartCommunications, Inc. |
||||||||
| 6.375%, 5/1/26 |
$ | 30 | $ | 31,329 | ||||
| 8.375%, 5/1/27 |
304 | 306,556 | ||||||
|
|
|
|||||||
| $ | 337,885 | |||||||
|
|
|
|||||||
| Total Corporate Bonds & Notes |
$ | 4,304,942 | ||||||
|
|
|
|||||||
| Asset-Backed Securities — 8.8% |
||||||||
| Security | Principal Amount (000’s omitted) |
Value | ||||||
| AMMC CLO XII, Ltd. |
||||||||
| Series 2013-12A, Class ER, 6.423%, (3 mo. USD LIBOR + 6.18%), 11/10/30(8)(9) |
$ | 1,000 | $ | 773,356 | ||||
| Ares LII CLO, Ltd. |
||||||||
| Series 2019-52A, Class E, 6.808%, (3 mo. USD LIBOR + 6.55%), 4/22/31(8)(9) |
1,000 | 920,328 | ||||||
| Bain Capital Credit CLO, Ltd. |
||||||||
| Series 2017-2A, Class E, 6.595%, (3 mo. USD LIBOR + 6.35%), 7/25/30(8)(9) |
1,000 | 848,572 | ||||||
| Canyon Capital CLO, Ltd. |
||||||||
| Series 2019-2A, Class E, 7.425%, (3 mo. USD LIBOR + 7.15%), 10/15/32(8)(9) |
1,000 | 956,871 | ||||||
| Carlyle Global Market Strategies CLO, Ltd. |
||||||||
| Series C17A, Class DR, 6.268%, (3 mo. USD LIBOR + 6.00%), 4/30/31(8)(9) |
1,000 | 822,785 | ||||||
| Cedar Funding X CLO, Ltd. |
||||||||
| Series 2019-10A, Class E, 7.272%, (3 mo. USD LIBOR + 7.00%), 10/20/32(8)(9) |
1,000 | 941,870 | ||||||
| Kayne CLO 5, Ltd. |
||||||||
| Series 2019-5A, Class E, 6.964%, (3 mo. USD LIBOR + 6.70%), 7/24/32(8)(9) |
1,000 | 935,827 | ||||||
| Neuberger Berman Loan Advisers CLO 33, Ltd. |
||||||||
| Series 2019-33A, Class E, 7.071%, (3 mo. USD LIBOR + 6.80%), 10/16/32(8)(9) |
1,000 | 955,856 | ||||||
| Regatta XII Funding, Ltd. |
||||||||
| Series 2019-1A, Class E, 7.125%, (3 mo. USD LIBOR + 6.85%), 10/15/32(8)(9) |
1,000 | 942,867 | ||||||
24
| Security | Principal Amount (000’s omitted) |
Value | ||||||
| Vibrant CLO X, Ltd. |
||||||||
| Series 2018-10A, Class D, 6.462%, (3 mo. USD LIBOR + 6.19%), 10/20/31(8)(9) |
$ | 1,000 | $ | 774,218 | ||||
| Voya CLO, Ltd. |
||||||||
| Series 2016-3A, Class DR, 6.352%, (3 mo. USD LIBOR + 6.08%), 10/18/31(8)(9) |
1,000 | 809,592 | ||||||
| Webster Park CLO, Ltd. |
||||||||
| Series 2015-1A, Class DR, 5.772%, (3 mo. USD LIBOR + 5.50%), 7/20/30(8)(9) |
1,000 | 866,490 | ||||||
|
|
|
|||||||
| Total Asset-Backed Securities |
$ | 10,548,632 | ||||||
|
|
|
|||||||
| Common Stocks — 0.8% |
||||||||
| Security | Shares | Value | ||||||
| Business Equipment and Services — 0.1% |
||||||||
| Crossmark Holdings, Inc.(10)(11) |
1,216 | $ | 69,920 | |||||
|
|
|
|||||||
| $ | 69,920 | |||||||
|
|
|
|||||||
| Electronics/Electrical — 0.3% |
||||||||
| Answers Corp.(7)(10)(11) |
14,876 | $ | 11,008 | |||||
| Software Luxembourg Holding S.A.(10)(11) |
2,725 | 395,125 | ||||||
|
|
|
|||||||
| $ | 406,133 | |||||||
|
|
|
|||||||
| Oil and Gas — 0.2% |
||||||||
| AFG Holdings, Inc.(7)(10)(11) |
4,525 | $ | 102,627 | |||||
| Fieldwood Energy, Inc.(10)(11) |
2,148 | 215 | ||||||
| McDermott International, Ltd.(10)(11) |
35,628 | 105,103 | ||||||
| RDV Resources, Inc., Class A(7)(10)(11) |
7,016 | 0 | ||||||
| Sunrise Oil & Gas, Inc., Class A(10)(11) |
3,200 | 22,400 | ||||||
|
|
|
|||||||
| $ | 230,345 | |||||||
|
|
|
|||||||
| Publishing — 0.0%(5) |
||||||||
| Tweddle Group, Inc.(7)(10)(11) |
444 | $ | 1,181 | |||||
|
|
|
|||||||
| $ | 1,181 | |||||||
|
|
|
|||||||
| Radio and Television — 0.1% |
||||||||
| Clear Channel Outdoor Holdings, Inc.(10)(11) |
12,499 | $ | 14,624 | |||||
| Cumulus Media, Inc., Class A(10)(11) |
9,974 | 49,571 | ||||||
| iHeartMedia, Inc., Class A(10)(11) |
5,315 | 49,004 | ||||||
|
|
|
|||||||
| $ | 113,199 | |||||||
|
|
|
|||||||
| Retailers (Except Food and Drug) — 0.0%(5) |
||||||||
| David’s Bridal, LLC(7)(10)(11) |
5,304 | $ | 48,001 | |||||
|
|
|
|||||||
| $ | 48,001 | |||||||
|
|
|
|||||||
25
| Security | Shares | Value | ||||||
| Utilities — 0.1% |
||||||||
| Longview Intermediate Holdings, LLC, Class A(7)(10) |
17,628 | $ | 143,319 | |||||
|
|
|
|||||||
| $ | 143,319 | |||||||
|
|
|
|||||||
| Total Common Stocks |
$ | 1,012,098 | ||||||
|
|
|
|||||||
| Preferred Stocks — 0.1% |
||||||||
| Security | Shares | Value | ||||||
| Financial Services — 0.0%(5) |
||||||||
| DBI Investors, Inc., Series A-1(7)(10) |
251 | $ | 20,163 | |||||
|
|
|
|||||||
| $ | 20,163 | |||||||
|
|
|
|||||||
| Retailers (Except Food and Drug) — 0.1% |
||||||||
| David’s Bridal, LLC, Series A, 8.00% (PIK)(7)(10)(11) |
148 | $ | 11,840 | |||||
| David’s Bridal, LLC, Series B, 10.00% (PIK)(7)(10)(11) |
601 | 48,657 | ||||||
|
|
|
|||||||
| $ | 60,497 | |||||||
|
|
|
|||||||
| Total Preferred Stocks |
$ | 80,660 | ||||||
|
|
|
|||||||
| Warrants — 0.0% |
||||||||
| Security | Shares | Value | ||||||
| Retailers (Except Food and Drug) — 0.0% |
||||||||
| David’s Bridal, LLC, Exp. 11/26/22(7)(10)(11) |
1,024 | $ | 0 | |||||
|
|
|
|||||||
| Total Warrants |
$ | 0 | ||||||
|
|
|
|||||||
| Miscellaneous — 0.0%(5) |
||||||||
| Security | Shares | Value | ||||||
| Oil and Gas — 0.0%(5) |
||||||||
| Paragon Offshore Finance Company, Class A(10)(11) |
404 | $ | 121 | |||||
| Paragon Offshore Finance Company, Class B(10)(11) |
202 | 2,474 | ||||||
|
|
|
|||||||
| Total Miscellaneous |
$ | 2,595 | ||||||
|
|
|
|||||||
26
| Short-Term Investments — 1.3% |
||||||||
| Description | Units | Value | ||||||
| Eaton Vance Cash Reserves Fund, LLC, 0.15%(12) |
1,606,810 | $ | 1,606,810 | |||||
|
|
|
|||||||
| Total Short-Term Investments |
$ | 1,606,810 | ||||||
|
|
|
|||||||
| Total Investments — 155.0% |
$ | 186,185,726 | ||||||
|
|
|
|||||||
| Less Unfunded Loan Commitments — (0.3)% |
$ | (343,719 | ) | |||||
|
|
|
|||||||
| Net Investments — 154.7% |
$ | 185,842,007 | ||||||
|
|
|
|||||||
| Notes Payable — (37.5)% |
$ | (45,000,000 | ) | |||||
|
|
|
|||||||
| Variable Rate Term Preferred Shares, at Liquidation Value |
$ | (18,965,762 | ) | |||||
|
|
|
|||||||
| Other Assets, Less Liabilities — (1.4)% |
$ | (1,743,625 | ) | |||||
|
|
|
|||||||
| Net Assets Applicable to Common Shares — 100.0% |
$ | 120,132,620 | ||||||
|
|
|
|||||||
The percentage shown for each investment category in the Portfolio of Investments is based on net assets applicable to common shares.
| (1) | Senior floating-rate loans (Senior Loans) often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, Senior Loans will typically have an expected average life of approximately two to four years. Senior Loans typically have rates of interest which are redetermined periodically by reference to a base lending rate, plus a spread. These base lending rates are primarily the London Interbank Offered Rate (“LIBOR”) and secondarily, the prime rate offered by one or more major United States banks (the “Prime Rate”). Base lending rates may be subject to a floor, or minimum rate. |
| (2) | The stated interest rate represents the weighted average interest rate at August 31, 2020 of contracts within the senior loan facility. Interest rates on contracts are primarily redetermined either weekly, monthly or quarterly by reference to the indicated base lending rate and spread and the reset period. |
| (3) | This Senior Loan will settle after August 31, 2020, at which time the interest rate will be determined. |
| (4) | Issuer is in default with respect to interest and/or principal payments or has declared bankruptcy. For a variable rate security, interest rate has been adjusted to reflect non-accrual status. |
27
| (5) | Amount is less than 0.05%. |
| (6) | Unfunded or partially unfunded loan commitments. The Fund may enter into certain loan agreements all or a portion of which may be unfunded. The Fund is obligated to fund these commitments at the borrower’s discretion. The stated interest rate reflects the weighted average of the reference rate and spread for the funded portion, if any, and the commitment fees on the portion of the loan that is unfunded. At August 31, 2020, the total value of unfunded loan commitments is $344,001. |
| (7) | For fair value measurement disclosure purposes, security is categorized as Level 3. |
| (8) | Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At August 31, 2020, the aggregate value of these securities is $13,928,711 or 11.6% of the Fund’s net assets applicable to common shares. |
| (9) | Variable rate security. The stated interest rate represents the rate in effect at August 31, 2020. |
| (10) | Security was acquired in connection with a restructuring of a Senior Loan and may be subject to restrictions on resale. |
| (11) | Non-income producing security. |
| (12) | Affiliated investment company, available to Eaton Vance portfolios and funds, which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of August 31, 2020. |
Abbreviations:
| DIP |
- | Debtor In Possession | ||
| LIBOR |
- | London Interbank Offered Rate | ||
| PIK |
- | Payment In Kind | ||
Currency Abbreviations:
| USD |
- | United States Dollar |
The Fund did not have any open derivative instruments at August 31, 2020.
At August 31, 2020, the value of the Fund’s investment in affiliated funds was $1,606,810, which represents 1.3% of the Fund’s net assets applicable to common shares. Transactions in affiliated funds by the Fund for the fiscal year to date ended August 31, 2020 were as follows:
| Name of affiliated fund |
Value, beginning of period |
Purchases | Sales proceeds |
Net realized gain (loss) |
Change in unrealized appreciation (depreciation) |
Value, end of period |
Dividend income |
Units, end of period |
||||||||||||||||||||||||
| Short-Term Investments |
| |||||||||||||||||||||||||||||||
| Eaton Vance Cash Reserves Fund, LLC |
$ | 1,464,678 | $ | 16,420,074 | $ | (16,277,814 | ) | $ | (269 | ) | $ | 141 | $ | 1,606,810 | $ | 1,043 | 1,606,810 | |||||||||||||||
28
Under generally accepted accounting principles for fair value measurements, a three-tier hierarchy to prioritize the assumptions, referred to as inputs, is used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.
| • | Level 1 – quoted prices in active markets for identical investments |
| • | Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.) |
| • | Level 3 – significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments) |
In cases where the inputs used to measure fair value fall in different levels of the fair value hierarchy, the level disclosed is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
At August 31, 2020, the hierarchy of inputs used in valuing the Fund’s investments, which are carried at value, were as follows:
| Asset Description | Level 1 | Level 2 | Level 3* | Total | ||||||||||||
| Senior Floating-Rate Loans (Less Unfunded Loan Commitments) |
$ | — | $ | 168,003,329 | $ | 282,941 | $ | 168,286,270 | ||||||||
| Corporate Bonds & Notes |
— | 4,304,942 | — | 4,304,942 | ||||||||||||
| Asset-Backed Securities |
— | 10,548,632 | — | 10,548,632 | ||||||||||||
| Common Stocks |
218,302 | 487,660 | 306,136 | 1,012,098 | ||||||||||||
| Preferred Stocks |
— | — | 80,660 | 80,660 | ||||||||||||
| Warrants |
— | — | 0 | 0 | ||||||||||||
| Miscellaneous |
— | 2,595 | — | 2,595 | ||||||||||||
| Short-Term Investments |
— | 1,606,810 | — | 1,606,810 | ||||||||||||
| Total Investments |
$ | 218,302 | $ | 184,953,968 | $ | 669,737 | $ | 185,842,007 | ||||||||
| * | None of the unobservable inputs for Level 3 assets, individually or collectively, had a material impact on the Fund. |
Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the fiscal year to date ended August 31, 2020 is not presented.
For information on the Fund’s policy regarding the valuation of investments and other significant accounting policies, please refer to the Fund’s most recent financial statements included in its semiannual or annual report to shareholders.
29