NPORT-EX 2 fg7c_nqd3port.htm fg7c_nqd3port.htm - Generated by SEC Publisher for SEC Filing

 

Global Income Builder Portfolio

January 31, 2020

 

Portfolio of Investments (Unaudited)

 

Common Stocks  — 57.4%

 

Security

 

Shares

 

 

Value

 

 

________________________________________________________________________________________________________

Aerospace & Defense  — 1.1%

 

________________________________________________________________________________________________________

Airbus SE

12,801

 

$

1,880,005

 

 

CAE, Inc.

48,261

 

 

1,431,347

 

 

________________________________________________________________________________________________________

 

$

3,311,352

 

 

________________________________________________________________________________________________________

Banks  — 4.2%

 

________________________________________________________________________________________________________

Banco Santander S.A.

362,313

 

$

1,427,836

 

 

Canadian Imperial Bank of Commerce

17,979

 

 

1,466,143

 

 

Citigroup, Inc.

24,425

 

 

1,817,464

 

 

Danske Bank A/S

56,646

 

 

945,607

 

 

HSBC Holdings PLC

108,844

 

 

791,316

 

 

ING Groep NV

88,631

 

 

962,285

 

 

KBC Group NV

8,877

 

 

651,353

 

 

KeyCorp

74,663

 

 

1,396,945

 

 

Nordea Bank Abp

86,805

 

 

684,749

 

 

Skandinaviska Enskilda Banken AB, Class A

70,867

 

 

700,302

 

 

Svenska Handelsbanken AB, Class A

69,778

 

 

683,629

 

 

Swedbank AB, Class A

47,972

 

 

736,549

 

 

UniCredit SpA

57,792

 

 

771,945

 

 

________________________________________________________________________________________________________

 

$

13,036,123

 

 

________________________________________________________________________________________________________

Beverages  — 1.4%

 

________________________________________________________________________________________________________

Anheuser-Busch InBev S.A./N.V.

14,951

 

$

1,127,903

 

 

Coca-Cola Co. (The)

30,036

 

 

1,754,103

 

 

Diageo PLC

36,334

 

 

1,436,759

 

 

________________________________________________________________________________________________________

 

$

4,318,765

 

 

________________________________________________________________________________________________________

Biotechnology  — 0.5%

 

________________________________________________________________________________________________________

CSL, Ltd.

7,171

 

$

1,474,850

 

 

________________________________________________________________________________________________________

 

$

1,474,850

 

 

________________________________________________________________________________________________________

Building Products  — 0.5%

 

________________________________________________________________________________________________________

Assa Abloy AB, Class B

70,237

 

$

1,667,166

 

 

________________________________________________________________________________________________________

 

$

1,667,166

 

 

________________________________________________________________________________________________________

Capital Markets  — 0.5%

 

________________________________________________________________________________________________________

Morgan Stanley

28,166

 

$

1,471,955

 

 

________________________________________________________________________________________________________

 

$

1,471,955

 

 

________________________________________________________________________________________________________

Chemicals  — 1.1%

 

________________________________________________________________________________________________________

BASF SE

14,001

 

$

945,021

 

 

Chr. Hansen Holding A/S

14,148

 

 

1,052,933

 

 

Sika AG

8,194

 

 

1,473,489

 

 

________________________________________________________________________________________________________

 

$

3,471,443

 

 

________________________________________________________________________________________________________

Construction & Engineering  — 0.0%(1)

 

________________________________________________________________________________________________________

Abengoa S.A., Class A(2)

36,194

 

$

789

 

 

Abengoa S.A., Class B(2)

374,261

 

 

4,019

 

 

________________________________________________________________________________________________________

 

$

4,808

 

 

________________________________________________________________________________________________________

Consumer Finance  — 0.7%

 

________________________________________________________________________________________________________

Capital One Financial Corp.

15,377

 

$

1,534,625

 

 

OneMain Holdings, Inc.

16,455

 

 

697,198

 

 

________________________________________________________________________________________________________

 

$

2,231,823

 

 

________________________________________________________________________________________________________

Diversified Financial Services  — 1.5%

 

________________________________________________________________________________________________________

Berkshire Hathaway, Inc., Class B(2)

8,952

 

$

2,009,098

 

 

ORIX Corp.

149,759

 

 

2,529,798

 

 

________________________________________________________________________________________________________

 

$

4,538,896

 

 

________________________________________________________________________________________________________

Diversified Telecommunication Services  — 0.2%

 

________________________________________________________________________________________________________

Deutsche Telekom AG

41,895

 

$

678,523

 

 

________________________________________________________________________________________________________

 

$

678,523

 

 

________________________________________________________________________________________________________

Electric Utilities  — 1.8%

 

________________________________________________________________________________________________________

Enel SpA

88,187

 

$

768,665

 

 

Fortum Oyj

36,593

 

 

885,547

 

 

Iberdrola S.A.

130,607

 

 

1,429,015

 

 

NextEra Energy, Inc.

9,644

 

 

2,586,521

 

 

________________________________________________________________________________________________________

 

$

5,669,748

 

 

________________________________________________________________________________________________________

Electrical Equipment  — 1.1%

 

________________________________________________________________________________________________________

ABB, Ltd.

10,046

 

$

233,890

 

 

Melrose Industries PLC

1,022,646

 

 

3,134,092

 

 

________________________________________________________________________________________________________

 

$

3,367,982

 

 

________________________________________________________________________________________________________

Electronic Equipment, Instruments & Components  — 1.3%

 

________________________________________________________________________________________________________

CDW Corp.

7,462

 

$

973,418

 

 

Keyence Corp.

6,074

 

 

2,041,817

 

 

Murata Manufacturing Co., Ltd.

15,815

 

 

895,363

 

 

________________________________________________________________________________________________________

 

$

3,910,598

 

 

________________________________________________________________________________________________________

Energy Equipment & Services  — 0.3%

 

________________________________________________________________________________________________________

Schlumberger, Ltd.

30,175

 

$

1,011,164

 

 

________________________________________________________________________________________________________

 

$

1,011,164

 

 

________________________________________________________________________________________________________

Entertainment  — 1.1%

 

________________________________________________________________________________________________________

Nintendo Co., Ltd.

2,694

 

$

991,003

 

 

Walt Disney Co. (The)

18,236

 

 

2,522,221

 

 

________________________________________________________________________________________________________

 

$

3,513,224

 

 

________________________________________________________________________________________________________

Equity Real Estate Investment Trusts (REITs)  — 1.1%

 

________________________________________________________________________________________________________

American Tower Corp.

7,023

 

$

1,627,510

 

 

Equity Residential

10,358

 

 

860,543

 

 

Simon Property Group, Inc.

6,600

 

 

878,790

 

 

________________________________________________________________________________________________________

 

$

3,366,843

 

 

________________________________________________________________________________________________________

Food Products  — 1.4%

 

________________________________________________________________________________________________________

Mondelez International, Inc., Class A

30,911

 

$

1,773,673

 

 

Nestle S.A.

22,580

 

 

2,490,407

 

 

________________________________________________________________________________________________________

 

$

4,264,080

 

 

________________________________________________________________________________________________________

Gas Utilities  — 0.2%

 

________________________________________________________________________________________________________

Snam SpA

89,133

 

$

477,723

 

 

________________________________________________________________________________________________________

 

$

477,723

 

 

________________________________________________________________________________________________________

Health Care Equipment & Supplies  — 2.4%

 

________________________________________________________________________________________________________

Baxter International, Inc.

17,534

 

$

1,564,383

 

 

Boston Scientific Corp.(2)

45,265

 

 

1,895,246

 

 

Danaher Corp.

9,512

 

 

1,530,195

 

 

Intuitive Surgical, Inc.(2)

2,596

 

 

1,453,189

 

 

Straumann Holding AG

1,196

 

 

1,139,946

 

 

________________________________________________________________________________________________________

 

$

7,582,959

 

 

________________________________________________________________________________________________________

Health Care Providers & Services  — 0.5%

 

________________________________________________________________________________________________________

Anthem, Inc.

5,455

 

$

1,447,102

 

 

________________________________________________________________________________________________________

 

$

1,447,102

 

 

________________________________________________________________________________________________________

Hotels, Restaurants & Leisure  — 0.8%

 

________________________________________________________________________________________________________

Compass Group PLC

60,007

 

$

1,483,505

 

 

Sodexo S.A.

8,700

 

 

910,932

 

 

________________________________________________________________________________________________________

 

$

2,394,437

 

 

________________________________________________________________________________________________________

Industrial Conglomerates  — 1.0%

 

________________________________________________________________________________________________________

DCC PLC

18,314

 

$

1,478,708

 

 

Siemens AG

13,309

 

 

1,641,507

 

 

________________________________________________________________________________________________________

 

$

3,120,215

 

 

________________________________________________________________________________________________________

Insurance  — 2.2%

 

________________________________________________________________________________________________________

AIA Group, Ltd.

162,170

 

$

1,606,934

 

 

Aviva PLC

280,659

 

 

1,470,790

 

 

Chubb, Ltd.

6,143

 

 

933,674

 

 

Progressive Corp. (The)

18,158

 

 

1,465,169

 

 

Prudential PLC

72,077

 

 

1,281,556

 

 

________________________________________________________________________________________________________

 

$

6,758,123

 

 

________________________________________________________________________________________________________

Interactive Media & Services  — 3.4%

 

________________________________________________________________________________________________________

Alphabet, Inc., Class C(2)

4,508

 

$

6,465,509

 

 

Facebook, Inc., Class A(2)

12,990

 

 

2,622,811

 

 

Tencent Holdings, Ltd.

28,857

 

 

1,376,195

 

 

________________________________________________________________________________________________________

 

$

10,464,515

 

 

________________________________________________________________________________________________________

Internet & Direct Marketing Retail  — 1.8%

 

________________________________________________________________________________________________________

Amazon.com, Inc.(2)

2,772

 

$

5,568,172

 

 

________________________________________________________________________________________________________

 

$

5,568,172

 

 

________________________________________________________________________________________________________

IT Services  — 1.6%

 

________________________________________________________________________________________________________

Amadeus IT Group S.A.

37,479

 

$

2,938,581

 

 

Visa, Inc., Class A

10,579

 

 

2,104,904

 

 

________________________________________________________________________________________________________

 

$

5,043,485

 

 

________________________________________________________________________________________________________

Leisure Products  — 0.5%

 

________________________________________________________________________________________________________

Yamaha Corp.

30,986

 

$

1,582,978

 

 

________________________________________________________________________________________________________

 

$

1,582,978

 

 

________________________________________________________________________________________________________

Life Sciences Tools & Services  — 0.3%

 

________________________________________________________________________________________________________

Lonza Group AG

2,622

 

$

1,076,829

 

 

________________________________________________________________________________________________________

 

$

1,076,829

 

 

________________________________________________________________________________________________________

Machinery  — 4.1%

 

________________________________________________________________________________________________________

Gardner Denver Holdings, Inc.(2)

55,622

 

$

1,964,013

 

 

ITT, Inc.

25,890

 

 

1,736,701

 

 

Komatsu, Ltd.

69,859

 

 

1,544,654

 

 

Sandvik AB

94,818

 

 

1,730,588

 

 

SMC Corp.

2,998

 

 

1,294,144

 

 

Stanley Black & Decker, Inc.

16,121

 

 

2,568,559

 

 

Xylem, Inc.

20,747

 

 

1,694,200

 

 

________________________________________________________________________________________________________

 

$

12,532,859

 

 

________________________________________________________________________________________________________

Media  — 0.0%(1)

 

________________________________________________________________________________________________________

Clear Channel Outdoor Holdings, Inc.(2)

3,408

 

$

9,304

 

 

iHeartMedia, Inc., Class A(2)

715

 

 

12,641

 

 

________________________________________________________________________________________________________

 

$

21,945

 

 

________________________________________________________________________________________________________

Metals & Mining  — 0.6%

 

________________________________________________________________________________________________________

Rio Tinto, Ltd.

29,077

 

$

1,886,758

 

 

________________________________________________________________________________________________________

 

$

1,886,758

 

 

________________________________________________________________________________________________________

Multi-Utilities  — 0.5%

 

________________________________________________________________________________________________________

CMS Energy Corp.

20,684

 

$

1,417,061

 

 

________________________________________________________________________________________________________

 

$

1,417,061

 

 

________________________________________________________________________________________________________

Multiline Retail  — 0.2%

 

________________________________________________________________________________________________________

Wesfarmers, Ltd.

21,099

 

$

633,012

 

 

________________________________________________________________________________________________________

 

$

633,012

 

 

________________________________________________________________________________________________________

Oil, Gas & Consumable Fuels  — 2.0%

 

________________________________________________________________________________________________________

ConocoPhillips

30,119

 

$

1,789,972

 

 

EOG Resources, Inc.

18,141

 

 

1,322,660

 

 

Exxon Mobil Corp.

22,999

 

 

1,428,698

 

 

Phillips 66

16,984

 

 

1,551,828

 

 

________________________________________________________________________________________________________

 

$

6,093,158

 

 

________________________________________________________________________________________________________

Paper & Forest Products  — 0.1%

 

________________________________________________________________________________________________________

Stora Enso Oyj, Class R

35,701

 

$

463,417

 

 

________________________________________________________________________________________________________

 

$

463,417

 

 

________________________________________________________________________________________________________

Personal Products  — 0.8%

 

________________________________________________________________________________________________________

Unilever PLC

40,366

 

$

2,407,885

 

 

________________________________________________________________________________________________________

 

$

2,407,885

 

 

________________________________________________________________________________________________________

Pharmaceuticals  — 3.9%

 

________________________________________________________________________________________________________

Eli Lilly & Co.

13,509

 

$

1,886,397

 

 

GlaxoSmithKline PLC

76,303

 

 

1,791,549

 

 

Novartis AG

17,627

 

 

1,665,189

 

 

Novo Nordisk A/S, Class B

27,142

 

 

1,652,178

 

 

Roche Holding AG

2,011

 

 

674,627

 

 

Sanofi

23,820

 

 

2,297,161

 

 

Zoetis, Inc.

16,533

 

 

2,218,894

 

 

________________________________________________________________________________________________________

 

$

12,185,995

 

 

________________________________________________________________________________________________________

Professional Services  — 1.4%

 

________________________________________________________________________________________________________

Recruit Holdings Co., Ltd.

65,789

 

$

2,564,210

 

 

SGS S.A., Class R

147

 

 

425,223

 

 

Verisk Analytics, Inc.

7,896

 

 

1,282,863

 

 

________________________________________________________________________________________________________

 

$

4,272,296

 

 

________________________________________________________________________________________________________

Semiconductors & Semiconductor Equipment  — 1.8%

 

________________________________________________________________________________________________________

ASML Holding NV

7,310

 

$

2,051,457

 

 

Infineon Technologies AG

78,869

 

 

1,694,338

 

 

Taiwan Semiconductor Manufacturing Co., Ltd. ADR

33,524

 

 

1,808,284

 

 

________________________________________________________________________________________________________

 

$

5,554,079

 

 

________________________________________________________________________________________________________

Software  — 2.5%

 

________________________________________________________________________________________________________

Microsoft Corp.

36,581

 

$

6,227,184

 

 

NortonLifeLock, Inc.

48,432

 

 

1,376,437

 

 

________________________________________________________________________________________________________

 

$

7,603,621

 

 

________________________________________________________________________________________________________

Specialty Retail  — 1.8%

 

________________________________________________________________________________________________________

Buckle, Inc. (The)

19,660

 

$

479,901

 

 

Industria de Diseno Textil S.A.

39,746

 

 

1,336,541

 

 

Lowe's Cos., Inc.

19,956

 

 

2,319,686

 

 

TJX Cos., Inc. (The)

25,260

 

 

1,491,350

 

 

________________________________________________________________________________________________________

 

$

5,627,478

 

 

________________________________________________________________________________________________________

Technology Hardware, Storage & Peripherals  — 1.5%

 

________________________________________________________________________________________________________

Apple, Inc.

14,897

 

$

4,610,770

 

 

________________________________________________________________________________________________________

 

$

4,610,770

 

 

________________________________________________________________________________________________________

Textiles, Apparel & Luxury Goods  — 1.1%

 

________________________________________________________________________________________________________

adidas AG

3,688

 

$

1,165,829

 

 

LVMH Moet Hennessy Louis Vuitton SE

4,182

 

 

1,821,144

 

 

Pandora A/S

11,122

 

 

574,071

 

 

________________________________________________________________________________________________________

 

$

3,561,044

 

 

________________________________________________________________________________________________________

Wireless Telecommunication Services  — 0.6%

 

________________________________________________________________________________________________________

Tele2 AB, Class B

117,332

 

$

1,770,199

 

 

________________________________________________________________________________________________________

 

$

1,770,199

 

 

________________________________________________________________________________________________________

Total Common Stocks
    (identified cost $146,853,219)

$

177,467,458

 

 

________________________________________________________________________________________________________

Preferred Stocks  — 0.9%

 

Security

 

 

Shares

 

 

Value

 

 

________________________________________________________________________________________________________

Banks  — 0.1%

 

________________________________________________________________________________________________________

Farm Credit Bank of Texas, 6.75% to 9/15/23(3)(4)

1,115

 

$

120,978

 

 

Wells Fargo & Co., Series Q, 5.85% to 9/15/23(4)

4,680

 

 

127,202

 

 

________________________________________________________________________________________________________

 

$

248,180

 

 

________________________________________________________________________________________________________

Electric Utilities  — 0.1%

 

________________________________________________________________________________________________________

SCE Trust III, Series H, 5.75% to 3/15/24(4)

15,000

 

$

373,500

 

 

________________________________________________________________________________________________________

 

$

373,500

 

 

________________________________________________________________________________________________________

Equity Real Estate Investment Trusts (REITs)  — 0.1%

 

________________________________________________________________________________________________________

SITE Centers Corp., Series A, 6.375%

10,450

 

$

280,269

 

 

SITE Centers Corp., Series K, 6.25%

1,950

 

 

50,603

 

 

________________________________________________________________________________________________________

 

$

330,872

 

 

________________________________________________________________________________________________________

Food Products  — 0.2%

 

________________________________________________________________________________________________________

Dairy Farmers of America, Inc., 7.875%(3)

4,700

 

$

472,350

 

 

Ocean Spray Cranberries, Inc., 6.25%(3)

540

 

 

46,980

 

 

________________________________________________________________________________________________________

 

$

519,330

 

 

________________________________________________________________________________________________________

Independent Power and Renewable Electricity Producers  — 0.0%(1)

 

________________________________________________________________________________________________________

Algonquin Power & Utilities Corp., Series 19-A, 6.20% to 7/1/24(4)

3,175

 

$

91,575

 

 

________________________________________________________________________________________________________

 

$

91,575

 

 

________________________________________________________________________________________________________

Insurance  — 0.0%(1)

 

________________________________________________________________________________________________________

American Equity Investment Life Holding Co., Series A, 5.95% to 12/1/24(4)

5,600

 

$

147,056

 

 

________________________________________________________________________________________________________

 

$

147,056

 

 

________________________________________________________________________________________________________

Multi-Utilities  — 0.1%

 

________________________________________________________________________________________________________

DTE Energy Co., Series C, 5.25%

9,407

 

$

241,854

 

 

________________________________________________________________________________________________________

 

$

241,854

 

 

________________________________________________________________________________________________________

Oil, Gas & Consumable Fuels  — 0.2%

 

________________________________________________________________________________________________________

NuStar Energy, L.P., Series B, 7.625% to 6/15/22(4)

23,750

 

$

539,837

 

 

________________________________________________________________________________________________________

 

$

539,837

 

 

________________________________________________________________________________________________________

Pipelines  — 0.0%(1)

 

________________________________________________________________________________________________________

Energy Transfer Operating, L.P., Series C, 7.375% to 5/15/23(4)

3,000

 

$

73,740

 

 

Energy Transfer Operating, L.P., Series E, 7.60% to 5/15/24(4)

2,970

 

 

74,844

 

 

________________________________________________________________________________________________________

 

$

148,584

 

 

________________________________________________________________________________________________________

Real Estate Management & Development  — 0.1%

 

________________________________________________________________________________________________________

Brookfield Property Partners, L.P., Series A2, 6.375%

9,125

 

$

242,360

 

 

________________________________________________________________________________________________________

 

$

242,360

 

 

________________________________________________________________________________________________________

Total Preferred Stocks
    (identified cost $2,864,599)

$

2,883,148

 

 

________________________________________________________________________________________________________

Corporate Bonds & Notes — 37.6%

 

Security

 

 

 

Principal
Amount*
(000's omitted)

 

Value

 

 

________________________________________________________________________________________________________

Aerospace & Defense — 0.6%

 

________________________________________________________________________________________________________

BWX Technologies, Inc., 5.375%, 7/15/26(3)

 

 

215

 

$

228,512

 

 

F-Brasile SpA/F-Brasile US LLC, 7.375%, 8/15/26(3)

 

 

200

 

 

213,500

 

 

Moog, Inc., 4.25%, 12/15/27(3)

 

 

90

 

 

92,488

 

 

TransDigm UK Holdings PLC, 6.875%, 5/15/26

 

 

200

 

 

213,569

 

 

TransDigm, Inc., 5.50%, 11/15/27(3)

 

 

370

 

 

372,960

 

 

TransDigm, Inc., 6.25%, 3/15/26(3)

 

 

419

 

 

452,677

 

 

TransDigm, Inc., 6.50%, 5/15/25

 

 

30

 

 

31,263

 

 

TransDigm, Inc., 7.50%, 3/15/27

 

 

327

 

 

358,670

 

 

________________________________________________________________________________________________________

 

$

1,963,639

 

 

________________________________________________________________________________________________________

Auto Components — 0.7%

 

________________________________________________________________________________________________________

Garrett LX I S.a.r.l./Garrett Borrowing, LLC, 5.125%, 10/15/26(5)

 

EUR

275

 

$

302,778

 

 

Panther BF Aggregator 2 L.P./Panther Finance Co., Inc., 4.375%, 5/15/26(5)

 

EUR

881

 

 

1,010,049

 

 

Panther BF Aggregator 2 L.P./Panther Finance Co., Inc., 8.50%, 5/15/27(3)

 

EUR

824

 

 

887,324

 

 

________________________________________________________________________________________________________

 

$

2,200,151

 

 

________________________________________________________________________________________________________

Automobiles — 0.1%

 

________________________________________________________________________________________________________

General Motors Financial Co., Inc., Series A, 5.75% to 9/30/27(4)(6)

 

 

317

 

$

319,319

 

 

Jaguar Land Rover Automotive PLC, 6.875%, 11/15/26(5)

 

EUR

100

 

 

118,334

 

 

________________________________________________________________________________________________________

 

$

437,653

 

 

________________________________________________________________________________________________________

Banks — 2.7%

 

________________________________________________________________________________________________________

Banco Bilbao Vizcaya Argentaria S.A., 6.125% to 11/16/27(4)(6)

 

 

400

 

$

421,206

 

 

Banco Mercantil del Norte S.A./Grand Cayman, 7.625% to 1/10/28(3)(4)(6)

 

 

200

 

 

224,555

 

 

Bank of America Corp., Series FF, 5.875% to 3/15/28(4)(6)

 

 

355

 

 

397,445

 

 

Barclays PLC, 7.75% to 9/15/23(4)(6)

 

 

495

 

 

542,369

 

 

CIT Group, Inc., 6.125%, 3/9/28

 

 

105

 

 

125,307

 

 

Citigroup, Inc., 5.95% to 1/30/23(4)(6)

 

 

125

 

 

133,499

 

 

Citigroup, Inc., Series M, 6.30% to 5/15/24(4)(6)

 

 

400

 

 

434,522

 

 

Credit Suisse Group AG, 5.10% to 1/24/30(3)(4)(6)

 

 

200

 

 

202,250

 

 

Credit Suisse Group AG, 7.50% to 7/17/23(3)(4)(6)

 

 

208

 

 

229,329

 

 

Farm Credit Bank of Texas, Series 3, 6.20% to 6/15/28(3)(4)(6)

 

 

220

 

 

235,046

 

 

Fifth Third Bancorp, Series H, 5.10% to 6/30/23(4)(6)

 

 

460

 

 

476,420

 

 

JPMorgan Chase & Co., 4.60% to 2/1/25(4)(6)

 

 

298

 

 

304,601

 

 

JPMorgan Chase & Co., Series S, 6.75% to 2/1/24(4)(6)

 

 

215

 

 

242,532

 

 

JPMorgan Chase & Co., Series X, 6.10% to 10/1/24(4)(6)

 

 

598

 

 

660,255

 

 

Lloyds Banking Group PLC, 7.50% to 9/27/25(4)(6)

 

 

400

 

 

457,778

 

 

Royal Bank of Scotland Group PLC, 8.00% to 8/10/25(4)(6)

 

 

389

 

 

454,607

 

 

Societe Generale S.A., 6.75% to 4/6/28(3)(4)(6)

 

 

210

 

 

236,159

 

 

Vivion Investments S.a.r.l, 3.00%, 8/8/24(5)

 

EUR

2,000

 

 

2,313,078

 

 

Zions Bancorp NA, 5.80% to 6/15/23(4)(6)

 

 

268

 

 

278,516

 

 

________________________________________________________________________________________________________

 

$

8,369,474

 

 

________________________________________________________________________________________________________

Building Products — 0.5%

 

________________________________________________________________________________________________________

Builders FirstSource, Inc., 5.625%, 9/1/24(3)

 

 

133

 

$

138,597

 

 

Builders FirstSource, Inc., 6.75%, 6/1/27(3)

 

 

76

 

 

83,452

 

 

M/I Homes, Inc., 4.95%, 2/1/28(3)

 

 

82

 

 

84,665

 

 

Masonite International Corp., 5.375%, 2/1/28(3)

 

 

105

 

 

110,712

 

 

Standard Industries, Inc., 2.25%, 11/21/26(5)

 

EUR

500

 

 

563,109

 

 

Taylor Morrison Communities, Inc., 5.75%, 1/15/28(3)

 

 

196

 

 

215,178

 

 

Taylor Morrison Communities, Inc., 5.875%, 6/15/27(3)

 

 

146

 

 

162,764

 

 

TRI Pointe Group, Inc./TRI Pointe Homes, Inc., 5.875%, 6/15/24

 

 

74

 

 

80,506

 

 

________________________________________________________________________________________________________

 

$

1,438,983

 

 

________________________________________________________________________________________________________

Capital Markets — 0.2%

 

________________________________________________________________________________________________________

AerCap Holdings NV, 5.875% to 10/10/24, 10/10/79(4)

 

 

150

 

$

160,766

 

 

Charles Schwab Corp. (The), Series F, 5.00% to 12/1/27(4)(6)

 

 

450

 

 

473,992

 

 

________________________________________________________________________________________________________

 

$

634,758

 

 

________________________________________________________________________________________________________

Casino & Gaming — 0.3%

 

________________________________________________________________________________________________________

Cinemark USA, Inc., 4.875%, 6/1/23

 

 

430

 

$

436,445

 

 

GLP Capital, L.P./GLP Financing II, Inc., 4.375%, 4/15/21

 

 

30

 

 

30,687

 

 

Speedway Motorsports, LLC/Speedway Funding II, Inc., 4.875%, 11/1/27(3)

 

 

156

 

 

157,560

 

 

Stars Group Holdings B.V./Stars Group US Co-Borrower, LLC, 7.00%, 7/15/26(3)

 

 

287

 

 

312,285

 

 

________________________________________________________________________________________________________

 

$

936,977

 

 

________________________________________________________________________________________________________

Chemicals — 0.5%

 

________________________________________________________________________________________________________

Hexion, Inc., 7.875%, 7/15/27(3)

 

 

89

 

$

91,895

 

 

Nufarm Australia, Ltd./Nufarm Americas, Inc., 5.75%, 4/30/26(3)

 

 

220

 

 

214,027

 

 

SPCM S.A., 4.875%, 9/15/25(3)

 

 

200

 

 

206,998

 

 

Valvoline, Inc., 5.50%, 7/15/24

 

 

45

 

 

46,762

 

 

Venator Finance S.a.r.l/Venator Materials, LLC, 5.75%, 7/15/25(3)

 

 

58

 

 

53,215

 

 

W.R. Grace & Co., 5.125%, 10/1/21(3)

 

 

750

 

 

780,525

 

 

________________________________________________________________________________________________________

 

$

1,393,422

 

 

________________________________________________________________________________________________________

Commercial Services & Supplies — 1.4%

 

________________________________________________________________________________________________________

Advanced Disposal Services, Inc., 5.625%, 11/15/24(3)

 

 

170

 

$

177,551

 

 

Autostrade per l'Italia SpA, 5.875%, 6/9/24

 

EUR

300

 

 

389,630

 

 

Clean Harbors, Inc., 4.875%, 7/15/27(3)

 

 

101

 

 

106,479

 

 

Clean Harbors, Inc., 5.125%, 7/15/29(3)

 

 

61

 

 

65,139

 

 

Covanta Holding Corp., 5.875%, 3/1/24

 

 

500

 

 

510,208

 

 

Covanta Holding Corp., 5.875%, 7/1/25

 

 

95

 

 

98,810

 

 

GFL Environmental, Inc., 5.375%, 3/1/23(3)

 

 

270

 

 

276,413

 

 

GFL Environmental, Inc., 8.50%, 5/1/27(3)

 

 

521

 

 

568,854

 

 

GW B-CR Security Corp., 9.50%, 11/1/27(3)

 

 

249

 

 

266,268

 

 

IPD 3 B.V., 4.50%, 7/15/22(5)

 

EUR

125

 

 

141,773

 

 

KAR Auction Services, Inc., 5.125%, 6/1/25(3)

 

 

171

 

 

175,773

 

 

Korn Ferry, 4.625%, 12/15/27(3)

 

 

64

 

 

64,406

 

 

Prime Security Services Borrower, LLC/Prime Finance, Inc., 9.25%, 5/15/23(3)

 

 

158

 

 

165,801

 

 

ServiceMaster Co., LLC (The), 7.45%, 8/15/27

 

 

550

 

 

632,691

 

 

Team Health Holdings, Inc., 6.375%, 2/1/25(3)

 

 

84

 

 

49,597

 

 

TMS International Holding Corp., 7.25%, 8/15/25(3)

 

 

94

 

 

89,104

 

 

Verisure Holding AB, 3.50%, 5/15/23(5)

 

EUR

540

 

 

613,828

 

 

________________________________________________________________________________________________________

 

$

4,392,325

 

 

________________________________________________________________________________________________________

Communications Equipment — 0.7%

 

________________________________________________________________________________________________________

CommScope Technologies, LLC, 5.00%, 3/15/27(3)

 

 

175

 

$

159,254

 

 

CommScope Technologies, LLC, 6.00%, 6/15/25(3)

 

 

71

 

 

67,939

 

 

Crystal Almond S.a.r.l, 4.25%, 10/15/24(5)

 

EUR

323

 

 

370,268

 

 

Matterhorn Telecom S.A., 3.125%, 9/15/26(5)

 

EUR

980

 

 

1,116,383

 

 

Riverbed Technology, Inc., 8.875%, 3/1/23(3)

 

 

398

 

 

256,710

 

 

Sprint Communications, Inc., 6.00%, 11/15/22

 

 

75

 

 

77,571

 

 

________________________________________________________________________________________________________

 

$

2,048,125

 

 

________________________________________________________________________________________________________

Consumer Finance — 0.4%

 

________________________________________________________________________________________________________

CPUK Finance, Ltd., 4.875%, 2/28/47(5)

 

GBP

895

 

$

1,226,296

 

 

William Carter Co. (The), 5.625%, 3/15/27(3)

 

 

144

 

 

153,673

 

 

________________________________________________________________________________________________________

 

$

1,379,969

 

 

________________________________________________________________________________________________________

Containers & Packaging — 0.6%

 

________________________________________________________________________________________________________

ARD Finance S.A., 5.00%, (5.00% cash or 5.75% PIK), 6/30/27(5)(7)

 

EUR

596

 

$

674,084

 

 

Reynolds Group Issuer, Inc./Reynolds Group Issuer, LLC, 5.125%, 7/15/23(3)

 

 

120

 

 

123,100

 

 

Trivium Packaging Finance B.V., 3.75%, 8/15/26(5)

 

EUR

780

 

 

907,957

 

 

Trivium Packaging Finance B.V., 5.50%, 8/15/26(3)

 

 

200

 

 

211,125

 

 

________________________________________________________________________________________________________

 

$

1,916,266

 

 

________________________________________________________________________________________________________

Distributors — 0.6%

 

________________________________________________________________________________________________________

Core & Main Holdings, L.P., 8.625%, (8.625% cash or 9.375% PIK), 9/15/24(3)(7)

 

 

214

 

$

223,719

 

 

IAA, Inc., 5.50%, 6/15/27(3)

 

 

97

 

 

103,111

 

 

Parts Europe S.A., 4.375%, (3 mo. EURIBOR + 4.375%), 5/1/22(5)(8)

 

EUR

662

 

 

739,052

 

 

Parts Europe S.A., 5.50%, (3 mo. EURIBOR + 5.50%), 5/1/22(5)(8)

 

EUR

340

 

 

379,999

 

 

Performance Food Group, Inc., 5.50%, 10/15/27(3)

 

 

169

 

 

178,299

 

 

Univar Solutions USA, Inc., 5.125%, 12/1/27(3)

 

 

65

 

 

67,558

 

 

________________________________________________________________________________________________________

 

$

1,691,738

 

 

________________________________________________________________________________________________________

Diversified Consumer Services — 0.7%

 

________________________________________________________________________________________________________

GEMS MENASA Cayman, Ltd./GEMS Education Delaware, LLC, 7.125%, 7/31/26(3)

 

 

267

 

$

279,219

 

 

GEMS MENASA Cayman, Ltd./GEMS Education Delaware, LLC, 7.125%, 7/31/26(5)

 

 

1,050

 

 

1,098,053

 

 

Laureate Education, Inc., 8.25%, 5/1/25(3)

 

 

745

 

 

799,937

 

 

________________________________________________________________________________________________________

 

$

2,177,209

 

 

________________________________________________________________________________________________________

Diversified Financial Services — 1.2%

 

________________________________________________________________________________________________________

AG Issuer, LLC, 6.25%, 3/1/28(3)(9)

 

 

118

 

$

118,405

 

 

Alliance Data Systems Corp., 4.75%, 12/15/24(3)

 

 

194

 

 

193,913

 

 

Allied Universal Holdco, LLC/Allied Universal Finance Corp., 6.625%, 7/15/26(3)

 

 

171

 

 

182,115

 

 

Alpha Holding SA de CV, 9.00%, 2/10/25(3)(9)

 

 

200

 

 

200,750

 

 

Avolon Holdings Funding, Ltd., 5.125%, 10/1/23(3)

 

 

350

 

 

381,845

 

 

DAE Funding, LLC, 4.50%, 8/1/22(3)

 

 

155

 

 

158,099

 

 

DAE Funding, LLC, 5.00%, 8/1/24(3)

 

 

255

 

 

267,429

 

 

GFL Environmental, Inc., 7.00%, 6/1/26(3)

 

 

245

 

 

256,036

 

 

Icahn Enterprises, L.P./Icahn Enterprises Finance Corp., 5.25%, 5/15/27(3)

 

 

292

 

 

293,460

 

 

Icahn Enterprises, L.P./Icahn Enterprises Finance Corp., 6.25%, 5/15/26

 

 

291

 

 

306,002

 

 

Icahn Enterprises, L.P./Icahn Enterprises Finance Corp., 6.375%, 12/15/25

 

 

120

 

 

125,500

 

 

Lincoln Financing S.a.r.l., 3.625%, 4/1/24(5)

 

EUR

498

 

 

565,084

 

 

Louvre Bidco SAS, 4.25%, 9/30/24(5)

 

EUR

215

 

 

247,719

 

 

Park Aerospace Holdings, Ltd., 5.25%, 8/15/22(3)

 

 

340

 

 

364,661

 

 

West Corp., 8.50%, 10/15/25(3)

 

 

186

 

 

148,335

 

 

________________________________________________________________________________________________________

 

$

3,809,353

 

 

________________________________________________________________________________________________________

Diversified Telecommunication Services — 0.0%(1)

 

________________________________________________________________________________________________________

Level 3 Financing, Inc., 5.25%, 3/15/26

 

 

90

 

$

93,776

 

 

________________________________________________________________________________________________________

 

$

93,776

 

 

________________________________________________________________________________________________________

Electric Utilities — 1.0%

 

________________________________________________________________________________________________________

AES Corp. (The), 6.00%, 5/15/26

 

 

45

 

$

47,502

 

 

Drax Finco PLC, 6.625%, 11/1/25(3)

 

 

1,000

 

 

1,060,065

 

 

Enviva Partners, L.P./Enviva Partners Finance Corp., 6.50%, 1/15/26(3)

 

 

277

 

 

296,188

 

 

NextEra Energy Capital Holdings, Inc., 5.65% to 5/1/29, 5/1/79(4)

 

 

155

 

 

173,700

 

 

NextEra Energy Operating Partners, L.P., 4.25%, 9/15/24(3)

 

 

95

 

 

99,117

 

 

NextEra Energy Operating Partners, L.P., 4.50%, 9/15/27(3)

 

 

150

 

 

156,777

 

 

NRG Energy, Inc., 5.25%, 6/15/29(3)

 

 

122

 

 

131,699

 

 

Pattern Energy Group, Inc., 5.875%, 2/1/24(3)

 

 

60

 

 

61,825

 

 

Southern Co. (The), Series B, 5.50% to 3/15/22, 3/15/57(4)

 

 

192

 

 

201,155

 

 

TerraForm Power Operating, LLC, 4.25%, 1/31/23(3)

 

 

95

 

 

97,884

 

 

TerraForm Power Operating, LLC, 5.00%, 1/31/28(3)

 

 

237

 

 

256,398

 

 

Vistra Energy Corp., 8.125%, 1/30/26(3)

 

 

190

 

 

202,825

 

 

Vistra Operations Co., LLC, 4.30%, 7/15/29(3)

 

 

36

 

 

37,114

 

 

Vistra Operations Co., LLC, 5.00%, 7/31/27(3)

 

 

232

 

 

238,531

 

 

________________________________________________________________________________________________________

 

$

3,060,780

 

 

________________________________________________________________________________________________________

Entertainment — 0.8%

 

________________________________________________________________________________________________________

EIG Investors Corp., 10.875%, 2/1/24

 

 

480

 

$

496,999

 

 

Go Daddy Operating Co., LLC/GD Finance Co., Inc., 5.25%, 12/1/27(3)

 

 

226

 

 

237,436

 

 

Golden Entertainment, Inc., 7.625%, 4/15/26(3)

 

 

100

 

 

108,138

 

 

Netflix, Inc., 4.875%, 6/15/30(3)

 

 

234

 

 

244,524

 

 

Netflix, Inc., 5.875%, 11/15/28

 

 

300

 

 

338,400

 

 

Pinewood Finance Co., Ltd., 3.25%, 9/30/25(5)

 

GBP

300

 

 

404,911

 

 

Scientific Games International, Inc., 7.00%, 5/15/28(3)

 

 

100

 

 

105,622

 

 

Scientific Games International, Inc., 7.25%, 11/15/29(3)

 

 

80

 

 

85,948

 

 

Zayo Group, LLC/Zayo Capital, Inc., 6.375%, 5/15/25

 

 

369

 

 

377,887

 

 

________________________________________________________________________________________________________

 

$

2,399,865

 

 

________________________________________________________________________________________________________

Equity Real Estate Investment Trusts (REITs) — 0.2%

 

________________________________________________________________________________________________________

MGM Growth Properties Operating Partnership, L.P./MGP Finance Co-Issuer, Inc., 4.50%, 9/1/26

 

 

100

 

$

104,268

 

 

MGM Growth Properties Operating Partnership, L.P./MGP Finance Co-Issuer, Inc., 5.625%, 5/1/24

 

 

200

 

 

218,575

 

 

MGM Growth Properties Operating Partnership, L.P./MGP Finance Co-Issuer, Inc., 5.75%, 2/1/27

 

 

101

 

 

112,489

 

 

SBA Communications Corp., 4.00%, 10/1/22

 

 

150

 

 

152,999

 

 

SBA Communications Corp., 4.875%, 9/1/24

 

 

55

 

 

57,016

 

 

________________________________________________________________________________________________________

 

$

645,347

 

 

________________________________________________________________________________________________________

Food Products — 0.7%

 

________________________________________________________________________________________________________

Albertsons Cos., Inc./Safeway, Inc./New Albertsons, L.P./Albertsons, LLC, 4.875%, 2/15/30(3)(9)

 

 

91

 

$

93,730

 

 

Albertsons Cos., Inc./Safeway, Inc./New Albertsons, L.P./Albertsons, LLC, 5.875%, 2/15/28(3)

 

 

181

 

 

193,552

 

 

JBS USA LUX S.A./JBS USA Food Co./JBS USA Finance, Inc., 5.50%, 1/15/30(3)

 

 

291

 

 

314,818

 

 

Land O' Lakes, Inc., 8.00%(3)(6)

 

 

415

 

 

419,150

 

 

Post Holdings, Inc., 5.00%, 8/15/26(3)

 

 

85

 

 

87,920

 

 

Post Holdings, Inc., 5.50%, 3/1/25(3)

 

 

190

 

 

197,204

 

 

Post Holdings, Inc., 5.50%, 12/15/29(3)

 

 

51

 

 

54,085

 

 

Post Holdings, Inc., 5.625%, 1/15/28(3)

 

 

133

 

 

140,894

 

 

US Foods, Inc., 5.875%, 6/15/24(3)

 

 

510

 

 

522,605

 

 

________________________________________________________________________________________________________

 

$

2,023,958

 

 

________________________________________________________________________________________________________

Gas Utilities — 0.1%

 

________________________________________________________________________________________________________

NiSource, Inc., 5.65% to 6/15/23(4)(6)

 

 

280

 

$

292,737

 

 

________________________________________________________________________________________________________

 

$

292,737

 

 

________________________________________________________________________________________________________

Health Care Equipment & Supplies — 1.5%

 

________________________________________________________________________________________________________

Catalent Pharma Solutions, Inc., 5.00%, 7/15/27(3)

 

 

121

 

$

127,595

 

 

Centene Corp., 4.25%, 12/15/27(3)

 

 

182

 

 

190,527

 

 

Centene Corp., 4.625%, 12/15/29(3)

 

 

319

 

 

343,930

 

 

Centene Corp., 4.75%, 1/15/25

 

 

300

 

 

310,624

 

 

Centene Corp., 5.25%, 4/1/25(3)

 

 

318

 

 

330,720

 

 

Centene Corp., 5.375%, 6/1/26(3)

 

 

445

 

 

474,192

 

 

Centene Corp., 5.375%, 8/15/26(3)

 

 

261

 

 

277,965

 

 

Centene Corp., 6.125%, 2/15/24

 

 

340

 

 

351,475

 

 

Compass Minerals International, Inc., 6.75%, 12/1/27(3)

 

 

182

 

 

195,264

 

 

Hologic, Inc., 4.375%, 10/15/25(3)

 

 

70

 

 

71,429

 

 

MPH Acquisition Holdings, LLC, 7.125%, 6/1/24(3)

 

 

1,174

 

 

1,140,083

 

 

RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc., 9.75%, 12/1/26(3)

 

 

429

 

 

479,954

 

 

Select Medical Corp., 6.25%, 8/15/26(3)

 

 

236

 

 

255,037

 

 

________________________________________________________________________________________________________

 

$

4,548,795

 

 

________________________________________________________________________________________________________

Health Care Providers & Services — 1.1%

 

________________________________________________________________________________________________________

Eagle Holding Co. II, LLC, 7.75%, (7.75% cash or 8.50% PIK), 5/15/22(3)(7)

 

 

411

 

$

415,842

 

 

Encompass Health Corp., 4.75%, 2/1/30

 

 

110

 

 

114,604

 

 

HCA, Inc., 5.00%, 3/15/24

 

 

110

 

 

121,914

 

 

HCA, Inc., 5.375%, 9/1/26

 

 

270

 

 

304,445

 

 

HCA, Inc., 5.625%, 9/1/28

 

 

330

 

 

382,189

 

 

HCA, Inc., 5.875%, 2/15/26

 

 

750

 

 

862,050

 

 

HCA, Inc., 5.875%, 2/1/29

 

 

190

 

 

224,457

 

 

Surgery Center Holdings, Inc., 6.75%, 7/1/25(3)

 

 

15

 

 

15,256

 

 

Surgery Center Holdings, Inc., 10.00%, 4/15/27(3)

 

 

67

 

 

75,003

 

 

Tenet Healthcare Corp., 4.625%, 9/1/24(3)

 

 

49

 

 

50,531

 

 

Tenet Healthcare Corp., 4.875%, 1/1/26(3)

 

 

290

 

 

301,963

 

 

Tenet Healthcare Corp., 5.125%, 11/1/27(3)

 

 

290

 

 

305,588

 

 

Tenet Healthcare Corp., 6.75%, 6/15/23

 

 

260

 

 

283,292

 

 

________________________________________________________________________________________________________

 

$

3,457,134

 

 

________________________________________________________________________________________________________

Hotels, Restaurants & Leisure — 1.4%

 

________________________________________________________________________________________________________

1011778 B.C. Unlimited Liability Company/New Red Finance, Inc., 3.875%, 1/15/28(3)

 

 

119

 

$

119,976

 

 

1011778 B.C. Unlimited Liability Company/New Red Finance, Inc., 4.25%, 5/15/24(3)

 

 

325

 

 

332,584

 

 

1011778 B.C. Unlimited Liability Company/New Red Finance, Inc., 4.375%, 1/15/28(3)

 

 

182

 

 

182,773

 

 

1011778 B.C. Unlimited Liability Company/New Red Finance, Inc., 5.00%, 10/15/25(3)

 

 

504

 

 

520,519

 

 

Caesars Resort Collection, LLC/CRC Finco, Inc., 5.25%, 10/15/25(3)

 

 

232

 

 

236,037

 

 

Eldorado Resorts, Inc., 6.00%, 4/1/25

 

 

141

 

 

147,841

 

 

Gateway Casinos & Entertainment, Ltd., 8.25%, 3/1/24(3)

 

 

490

 

 

511,847

 

 

Golden Nugget, Inc., 6.75%, 10/15/24(3)

 

 

266

 

 

274,030

 

 

Golden Nugget, Inc., 8.75%, 10/1/25(3)

 

 

155

 

 

163,255

 

 

Lithia Motors, Inc., 4.625%, 12/15/27(3)

 

 

91

 

 

93,275

 

 

Merlin Entertainments PLC, 5.75%, 6/15/26(3)

 

 

200

 

 

219,069

 

 

MGM Resorts International, 5.75%, 6/15/25

 

 

240

 

 

268,154

 

 

Viking Cruises, Ltd., 5.875%, 9/15/27(3)

 

 

730

 

 

749,637

 

 

Wynn Las Vegas, LLC/Wynn Las Vegas Capital Corp., 5.25%, 5/15/27(3)

 

 

213

 

 

221,254

 

 

Wynn Resorts Finance, LLC/Wynn Resorts Capital Corp., 5.125%, 10/1/29(3)

 

 

127

 

 

132,001

 

 

________________________________________________________________________________________________________

 

$

4,172,252

 

 

________________________________________________________________________________________________________

Household Products — 0.2%

 

________________________________________________________________________________________________________

Central Garden & Pet Co., 5.125%, 2/1/28

 

 

50

 

$

52,017

 

 

Central Garden & Pet Co., 6.125%, 11/15/23

 

 

235

 

 

242,715

 

 

Prestige Brands, Inc., 5.125%, 1/15/28(3)

 

 

64

 

 

67,040

 

 

Spectrum Brands, Inc., 5.00%, 10/1/29(3)

 

 

73

 

 

76,066

 

 

Spectrum Brands, Inc., 5.75%, 7/15/25

 

 

120

 

 

124,949

 

 

________________________________________________________________________________________________________

 

$

562,787

 

 

________________________________________________________________________________________________________

Independent Power and Renewable Electricity Producers — 0.5%

 

________________________________________________________________________________________________________

Calpine Corp., 4.50%, 2/15/28(3)

 

 

195

 

$

194,269

 

 

Calpine Corp., 5.125%, 3/15/28(3)

 

 

273

 

 

272,318

 

 

Calpine Corp., 5.25%, 6/1/26(3)

 

 

150

 

 

155,238

 

 

Calpine Corp., 5.50%, 2/1/24

 

 

45

 

 

45,697

 

 

Calpine Corp., 5.75%, 1/15/25

 

 

295

 

 

304,003

 

 

NRG Energy, Inc., 5.75%, 1/15/28

 

 

210

 

 

226,412

 

 

NRG Energy, Inc., 7.25%, 5/15/26

 

 

271

 

 

293,864

 

 

________________________________________________________________________________________________________

 

$

1,491,801

 

 

________________________________________________________________________________________________________

Industrial Conglomerates — 0.6%

 

________________________________________________________________________________________________________

Advanced Drainage Systems, Inc., 5.00%, 9/30/27(3)

 

 

46

 

$

47,626

 

 

Ellaktor Value PLC, 6.375%, 12/15/24(5)

 

EUR

1,310

 

 

1,490,861

 

 

Ellaktor Value PLC, 6.375%, 12/15/24(5)

 

EUR

200

 

 

228,397

 

 

Hillman Group, Inc. (The), 6.375%, 7/15/22(3)

 

 

139

 

 

130,356

 

 

________________________________________________________________________________________________________

 

$

1,897,240

 

 

________________________________________________________________________________________________________

Insurance — 0.8%

 

________________________________________________________________________________________________________

Alliant Holdings Intermediate, LLC/Alliant Holdings Co-Issuer, 6.75%, 10/15/27(3)

 

 

332

 

$

350,044

 

 

AmWINS Group, Inc., 7.75%, 7/1/26(3)

 

 

93

 

 

101,789

 

 

Galaxy Finco, Ltd., 9.25%, 7/31/27(5)

 

GBP

825

 

 

1,128,087

 

 

GTCR AP Finance, Inc., 8.00%, 5/15/27(3)

 

 

195

 

 

207,255

 

 

Hub International, Ltd., 7.00%, 5/1/26(3)

 

 

394

 

 

406,795

 

 

USI, Inc., 6.875%, 5/1/25(3)

 

 

169

 

 

173,649

 

 

________________________________________________________________________________________________________

 

$

2,367,619

 

 

________________________________________________________________________________________________________

Machinery — 0.3%

 

________________________________________________________________________________________________________

Cloud Crane, LLC, 10.125%, 8/1/24(3)

 

 

101

 

$

107,838

 

 

Colfax Corp., 6.00%, 2/15/24(3)

 

 

83

 

 

87,557

 

 

Colfax Corp., 6.375%, 2/15/26(3)

 

 

136

 

 

146,200

 

 

Granite Holdings US Acquisition Co., 11.00%, 10/1/27(3)

 

 

93

 

 

97,683

 

 

Navistar International Corp., 6.625%, 11/1/25(3)

 

 

430

 

 

451,859

 

 

________________________________________________________________________________________________________

 

$

891,137

 

 

________________________________________________________________________________________________________

Media — 4.3%

 

________________________________________________________________________________________________________

Altice Financing S.A., 2.25%, 1/15/25(5)

 

EUR

313

 

$

341,082

 

 

Altice Finco S.A., 4.75%, 1/15/28(5)

 

EUR

1,500

 

 

1,683,911

 

 

Altice France S.A., 3.375%, 1/15/28(5)

 

EUR

439

 

 

495,505

 

 

Altice France S.A., 5.50%, 1/15/28(3)

 

 

200

 

 

203,995

 

 

Altice France S.A., 7.375%, 5/1/26(3)

 

 

455

 

 

484,871

 

 

Altice France S.A., 8.125%, 2/1/27(3)

 

 

844

 

 

944,731

 

 

Altice Luxembourg S.A., 8.00%, 5/15/27(5)

 

EUR

505

 

 

634,279

 

 

Altice Luxembourg S.A., 10.50%, 5/15/27(3)

 

 

200

 

 

231,630

 

 

AMC Entertainment Holdings, Inc., 6.375%, 11/15/24

 

GBP

345

 

 

434,094

 

 

Cablevision Systems Corp., 5.875%, 9/15/22

 

 

50

 

 

53,839

 

 

CCO Holdings, LLC/CCO Holdings Capital Corp., 4.75%, 3/1/30(3)

 

 

322

 

 

331,652

 

 

CCO Holdings, LLC/CCO Holdings Capital Corp., 5.375%, 6/1/29(3)

 

 

110

 

 

117,772

 

 

CCO Holdings, LLC/CCO Holdings Capital Corp., 5.875%, 4/1/24(3)

 

 

1,130

 

 

1,168,606

 

 

Clear Channel Worldwide Holdings, Inc., 5.125%, 8/15/27(3)

 

 

230

 

 

237,325

 

 

Clear Channel Worldwide Holdings, Inc., 9.25%, 2/15/24(3)

 

 

42

 

 

45,815

 

 

CSC Holdings, LLC, 5.75%, 1/15/30(3)

 

 

519

 

 

558,584

 

 

CSC Holdings, LLC, 6.75%, 11/15/21

 

 

500

 

 

539,250

 

 

CSC Holdings, LLC, 7.50%, 4/1/28(3)

 

 

200

 

 

228,005

 

 

CSC Holdings, LLC, 10.875%, 10/15/25(3)

 

 

422

 

 

468,241

 

 

Diamond Sports Group, LLC/Diamond Sports Finance Co., 5.375%, 8/15/26(3)

 

 

369

 

 

368,253

 

 

Diamond Sports Group, LLC/Diamond Sports Finance Co., 6.625%, 8/15/27(3)

 

 

369

 

 

345,698

 

 

DISH DBS Corp., 7.75%, 7/1/26

 

 

119

 

 

125,170

 

 

iHeartCommunications, Inc., 6.375%, 5/1/26

 

 

16

 

 

17,718

 

 

iHeartCommunications, Inc., 8.375%, 5/1/27

 

 

140

 

 

151,966

 

 

LCPR Senior Secured Financing DAC, 6.75%, 10/15/27(3)

 

 

200

 

 

211,878

 

 

Live Nation Entertainment, Inc., 4.75%, 10/15/27(3)

 

 

185

 

 

190,670

 

 

MDC Partners, Inc., 6.50%, 5/1/24(3)

 

 

139

 

 

126,143

 

 

Nexstar Broadcasting, Inc., 5.625%, 7/15/27(3)

 

 

238

 

 

251,245

 

 

Scripps Escrow, Inc., 5.875%, 7/15/27(3)

 

 

190

 

 

199,377

 

 

Sinclair Television Group, Inc., 5.50%, 3/1/30(3)

 

 

188

 

 

192,578

 

 

Sirius XM Radio, Inc., 4.625%, 7/15/24(3)

 

 

291

 

 

302,337

 

 

Sirius XM Radio, Inc., 5.00%, 8/1/27(3)

 

 

218

 

 

229,303

 

 

Summer (BC) Holdco B S.a.r.l, 5.75%, 10/31/26(5)

 

EUR

520

 

 

603,569

 

 

TEGNA, Inc., 4.625%, 3/15/28(3)

 

 

108

 

 

108,743

 

 

TEGNA, Inc., 5.00%, 9/15/29(3)

 

 

181

 

 

183,489

 

 

Terrier Media Buyer, Inc., 8.875%, 12/15/27(3)

 

 

434

 

 

448,105

 

 

________________________________________________________________________________________________________

 

$

13,259,429

 

 

________________________________________________________________________________________________________

Metals & Mining — 1.8%

 

________________________________________________________________________________________________________

Alcoa Nederland Holding B.V., 6.125%, 5/15/28(3)

 

 

200

 

$

211,120

 

 

Allegheny Ludlum, LLC, 6.95%, 12/15/25

 

 

1,050

 

 

1,117,321

 

 

Allegheny Technologies, Inc., 5.875%, 12/1/27

 

 

279

 

 

284,678

 

 

Allegheny Technologies, Inc., 7.875%, 8/15/23

 

 

330

 

 

362,104

 

 

Bombardier, Inc., 6.00%, 10/15/22(3)

 

 

637

 

 

625,852

 

 

Bombardier, Inc., 6.125%, 1/15/23(3)

 

 

168

 

 

166,155

 

 

Bombardier, Inc., 7.875%, 4/15/27(3)

 

 

232

 

 

220,394

 

 

Centennial Resource Production, LLC, 5.375%, 1/15/26(3)

 

 

320

 

 

301,711

 

 

Eldorado Gold Corp., 9.50%, 6/1/24(3)

 

 

97

 

 

104,235

 

 

First Quantum Minerals, Ltd., 6.875%, 3/1/26(3)

 

 

200

 

 

192,370

 

 

First Quantum Minerals, Ltd., 7.25%, 4/1/23(3)

 

 

565

 

 

560,881

 

 

Freeport-McMoRan, Inc., 4.55%, 11/14/24

 

 

75

 

 

79,281

 

 

Freeport-McMoRan, Inc., 5.45%, 3/15/43

 

 

222

 

 

227,017

 

 

Hecla Mining Co., 6.875%, 5/1/21

 

 

178

 

 

178,044

 

 

Hudbay Minerals, Inc., 7.25%, 1/15/23(3)

 

 

115

 

 

117,348

 

 

Infrabuild Australia Pty, Ltd., 12.00%, 10/1/24(3)

 

 

332

 

 

337,672

 

 

New Gold, Inc., 6.375%, 5/15/25(3)

 

 

39

 

 

36,774

 

 

Novelis Corp., 4.75%, 1/30/30(3)

 

 

225

 

 

225,844

 

 

Novelis Corp., 5.875%, 9/30/26(3)

 

 

180

 

 

191,218

 

 

________________________________________________________________________________________________________

 

$

5,540,019

 

 

________________________________________________________________________________________________________

Multi-Utilities — 0.3%

 

________________________________________________________________________________________________________

Centerpoint Energy, Inc., Series A, 6.125% to 9/1/23(4)(6)

 

 

425

 

$

452,920

 

 

Thames Water Kemble Finance PLC, 5.875%, 7/15/22(5)

 

GBP

375

 

 

517,931

 

 

________________________________________________________________________________________________________

 

$

970,851

 

 

________________________________________________________________________________________________________

Oil, Gas & Consumable Fuels — 4.5%

 

________________________________________________________________________________________________________

AmeriGas Partners, L.P./AmeriGas Finance Corp., 5.50%, 5/20/25

 

 

105

 

$

112,611

 

 

AmeriGas Partners, L.P./AmeriGas Finance Corp., 5.625%, 5/20/24

 

 

24

 

 

25,565

 

 

Antero Resources Corp., 5.375%, 11/1/21

 

 

500

 

 

478,410

 

 

Archrock Partners, L.P./Archrock Partners Finance Corp., 6.25%, 4/1/28(3)

 

 

90

 

 

92,813

 

 

Ascent Resources Utica Holdings, LLC/ARU Finance Corp., 7.00%, 11/1/26(3)

 

 

342

 

 

243,794

 

 

Ascent Resources Utica Holdings, LLC/ARU Finance Corp., 10.00%, 4/1/22(3)

 

 

505

 

 

496,159

 

 

Berry Petroleum Co., LLC, 7.00%, 2/15/26(3)

 

 

115

 

 

106,990

 

 

Centennial Resource Production, LLC, 6.875%, 4/1/27(3)

 

 

303

 

 

300,484

 

 

Cheniere Energy Partners, L.P., 5.25%, 10/1/25

 

 

235

 

 

242,635

 

 

Citgo Holding, Inc., 9.25%, 8/1/24(3)

 

 

179

 

 

191,978

 

 

Crown Americas, LLC/Crown Americas Capital Corp. V, 4.25%, 9/30/26

 

 

110

 

 

114,988

 

 

Crown Americas, LLC/Crown Americas Capital Corp. VI, 4.75%, 2/1/26

 

 

120

 

 

124,992

 

 

CrownRock, L.P./CrownRock Finance, Inc., 5.625%, 10/15/25(3)

 

 

635

 

 

642,214

 

 

CVR Energy, Inc., 5.75%, 2/15/28(3)

 

 

229

 

 

224,763

 

 

DCP Midstream, L.P., Series A, 7.375% to 12/15/22(4)(6)

 

 

160

 

 

151,479

 

 

Endeavor Energy Resources, L.P./EER Finance, Inc., 5.50%, 1/30/26(3)

 

 

155

 

 

159,429

 

 

Endeavor Energy Resources, L.P./EER Finance, Inc., 5.75%, 1/30/28(3)

 

 

205

 

 

213,579

 

 

EnLink Midstream Partners, L.P., Series C, 6.00% to 12/15/22(4)(6)

 

 

424

 

 

297,196

 

 

EP Energy, LLC/Everest Acquisition Finance, Inc., 7.75%, 5/15/26(3)(10)

 

 

149

 

 

100,254

 

 

EQT Corp., 6.125%, 2/1/25

 

 

46

 

 

41,871

 

 

Extraction Oil & Gas, Inc., 5.625%, 2/1/26(3)

 

 

287

 

 

141,447

 

 

Extraction Oil & Gas, Inc., 7.375%, 5/15/24(3)

 

 

223

 

 

111,035

 

 

Gran Tierra Energy, Inc., 7.75%, 5/23/27(3)

 

 

250

 

 

243,538

 

 

Great Western Petroleum, LLC/Great Western Finance Corp., 9.00%, 9/30/21(3)

 

 

738

 

 

699,550

 

 

Hilcorp Energy I, L.P./Hilcorp Finance Co., 5.75%, 10/1/25(3)

 

 

22

 

 

19,956

 

 

Hilcorp Energy I, L.P./Hilcorp Finance Co., 6.25%, 11/1/28(3)

 

 

423

 

 

377,674

 

 

Jagged Peak Energy, LLC, 5.875%, 5/1/26

 

 

86

 

 

88,784

 

 

Laredo Petroleum, Inc., 9.50%, 1/15/25

 

 

74

 

 

67,433

 

 

Laredo Petroleum, Inc., 10.125%, 1/15/28

 

 

112

 

 

100,223

 

 

Matador Resources Co., 5.875%, 9/15/26

 

 

370

 

 

363,090

 

 

MEG Energy Corp., 7.125%, 2/1/27(3)

 

 

246

 

 

244,231

 

 

Moss Creek Resources Holdings, Inc., 7.50%, 1/15/26(3)

 

 

275

 

 

202,564

 

 

Murphy Oil USA, Inc., 4.75%, 9/15/29

 

 

131

 

 

137,137

 

 

Murphy Oil USA, Inc., 5.625%, 5/1/27

 

 

65

 

 

70,060

 

 

Nabors Industries, Ltd., 7.25%, 1/15/26(3)

 

 

110

 

 

110,413

 

 

Nabors Industries, Ltd., 7.50%, 1/15/28(3)

 

 

118

 

 

117,115

 

 

Neptune Energy Bondco PLC, 6.625%, 5/15/25(5)

 

 

1,225

 

 

1,209,675

 

 

Newfield Exploration Co., 5.625%, 7/1/24

 

 

65

 

 

71,853

 

 

Nine Energy Service, Inc., 8.75%, 11/1/23(3)

 

 

110

 

 

93,583

 

 

Odebrecht Oil & Gas Finance, Ltd., 0.0%(3)(6)

 

 

862

 

 

8,619

 

 

Parsley Energy, LLC/Parsley Finance Corp., 5.25%, 8/15/25(3)

 

 

75

 

 

77,094

 

 

Parsley Energy, LLC/Parsley Finance Corp., 5.375%, 1/15/25(3)

 

 

140

 

 

144,390

 

 

Parsley Energy, LLC/Parsley Finance Corp., 5.625%, 10/15/27(3)

 

 

137

 

 

145,405

 

 

Parsley Energy, LLC/Parsley Finance Corp., 6.25%, 6/1/24(3)

 

 

150

 

 

155,687

 

 

PBF Holding Co., LLC/PBF Finance Corp., 6.00%, 2/15/28(3)

 

 

325

 

 

333,157

 

 

PBF Holding Co., LLC/PBF Finance Corp., 7.00%, 11/15/23

 

 

100

 

 

103,349

 

 

PBF Holding Co., LLC/PBF Finance Corp., 7.25%, 6/15/25

 

 

588

 

 

625,729

 

 

Plains All American Pipeline, L.P., Series B, 6.125% to 11/15/22(4)(6)

 

 

710

 

 

658,912

 

 

Precision Drilling Corp., 6.50%, 12/15/21

 

 

5

 

 

4,564

 

 

Precision Drilling Corp., 7.125%, 1/15/26(3)

 

 

75

 

 

71,464

 

 

Precision Drilling Corp., 7.75%, 12/15/23

 

 

10

 

 

9,871

 

 

Seven Generations Energy, Ltd., 5.375%, 9/30/25(3)

 

 

255

 

 

256,272

 

 

Shelf Drilling Holdings, Ltd., 8.25%, 2/15/25(3)

 

 

440

 

 

410,296

 

 

SM Energy Co., 5.00%, 1/15/24

 

 

11

 

 

10,070

 

 

SM Energy Co., 5.625%, 6/1/25

 

 

181

 

 

164,333

 

 

SM Energy Co., 6.125%, 11/15/22

 

 

326

 

 

323,657

 

 

SM Energy Co., 6.625%, 1/15/27

 

 

174

 

 

157,874

 

 

SM Energy Co., 6.75%, 9/15/26

 

 

196

 

 

178,537

 

 

Sunoco, L.P./Sunoco Finance Corp., 4.875%, 1/15/23

 

 

145

 

 

149,229

 

 

Targa Resources Partners, L.P./Targa Resources Partners Finance Corp., 5.875%, 4/15/26

 

 

155

 

 

163,815

 

 

Teleflex, Inc., 4.625%, 11/15/27

 

 

160

 

 

168,696

 

 

Transocean Guardian, Ltd., 5.875%, 1/15/24(3)

 

 

146

 

 

149,596

 

 

Transocean Pontus, Ltd., 6.125%, 8/1/25(3)

 

 

107

 

 

110,270

 

 

Transocean Poseidon, Ltd., 6.875%, 2/1/27(3)

 

 

51

 

 

53,413

 

 

Transocean, Inc., 7.25%, 11/1/25(3)

 

 

228

 

 

215,458

 

 

Transocean, Inc., 7.50%, 1/15/26(3)

 

 

84

 

 

79,365

 

 

WPX Energy, Inc., 5.25%, 10/15/27

 

 

67

 

 

70,139

 

 

________________________________________________________________________________________________________

 

$

13,830,826

 

 

________________________________________________________________________________________________________

Pharmaceuticals — 1.4%

 

________________________________________________________________________________________________________

Bausch Health Americas, Inc., 8.50%, 1/31/27(3)

 

 

448

 

$

507,629

 

 

Bausch Health Americas, Inc., 9.25%, 4/1/26(3)

 

 

105

 

 

120,026

 

 

Bausch Health Cos, Inc., 5.00%, 1/30/28(3)

 

 

190

 

 

192,850

 

 

Bausch Health Cos, Inc., 5.25%, 1/30/30(3)

 

 

190

 

 

194,037

 

 

Bausch Health Cos, Inc., 5.50%, 3/1/23(3)

 

 

47

 

 

47,255

 

 

Bausch Health Cos, Inc., 5.50%, 11/1/25(3)

 

 

129

 

 

133,891

 

 

Bausch Health Cos, Inc., 5.75%, 8/15/27(3)

 

 

72

 

 

77,166

 

 

Bausch Health Cos, Inc., 5.875%, 5/15/23(3)

 

 

3

 

 

3,028

 

 

Bausch Health Cos, Inc., 6.125%, 4/15/25(3)

 

 

60

 

 

61,842

 

 

Bausch Health Cos, Inc., 7.00%, 3/15/24(3)

 

 

281

 

 

291,899

 

 

Bausch Health Cos, Inc., 7.00%, 1/15/28(3)

 

 

94

 

 

101,989

 

 

Bausch Health Cos, Inc., 7.25%, 5/30/29(3)

 

 

98

 

 

110,003

 

 

Bausch Health Cos, Inc., 9.00%, 12/15/25(3)

 

 

245

 

 

277,156

 

 

Catalent Pharma Solutions, Inc., 4.875%, 1/15/26(3)

 

 

270

 

 

278,194

 

 

Cheplapharm Arzneimittel GmbH, 3.50%, 2/11/27(5)(9)

 

EUR

340

 

 

384,948

 

 

Grifols S.A., 2.25%, 11/15/27(5)

 

EUR

900

 

 

1,023,098

 

 

Nidda Healthcare Holding GmbH, 3.50%, 9/30/24(5)

 

EUR

426

 

 

478,564

 

 

________________________________________________________________________________________________________

 

$

4,283,575

 

 

________________________________________________________________________________________________________

Pipelines — 0.9%

 

________________________________________________________________________________________________________

Antero Midstream Partners, L.P./Antero Midstream Finance Corp., 5.75%, 3/1/27(3)

 

 

242

 

$

189,359

 

 

Cheniere Corpus Christi Holdings, LLC, 5.875%, 3/31/25

 

 

171

 

 

194,578

 

 

Cheniere Corpus Christi Holdings, LLC, 7.00%, 6/30/24

 

 

122

 

 

141,532

 

 

Cheniere Energy Partners, L.P., 4.50%, 10/1/29(3)

 

 

392

 

 

399,585

 

 

Cheniere Energy Partners, L.P., 5.625%, 10/1/26

 

 

215

 

 

225,616

 

 

Crestwood Midstream Partners L.P./Crestwood Midstream Finance Corp., 5.625%, 5/1/27(3)

 

 

190

 

 

191,677

 

 

Energy Transfer Operating, L.P., 5.875%, 1/15/24

 

 

15

 

 

16,751

 

 

Energy Transfer Operating, L.P., Series A, 6.25% to 2/15/23(4)(6)

 

 

307

 

 

292,186

 

 

EnLink Midstream, LLC, 5.375%, 6/1/29

 

 

166

 

 

150,616

 

 

Five Point Operating Co., L.P./Five Point Capital Corp., 7.875%, 11/15/25(3)

 

 

123

 

 

127,611

 

 

Holly Energy Partners, L.P./Holly Energy Finance Corp., 6.00%, 8/1/24(3)

 

 

60

 

 

62,861

 

 

MPLX, L.P., 6.375%, 5/1/24(3)

 

 

105

 

 

109,293

 

 

NGPL PipeCo, LLC, 4.375%, 8/15/22(3)

 

 

50

 

 

52,121

 

 

Tallgrass Energy Partners, L.P./Tallgrass Energy Finance Corp., 5.50%, 1/15/28(3)

 

 

91

 

 

91,211

 

 

Targa Resources Partners, L.P./Targa Resources Partners Finance Corp., 6.50%, 7/15/27

 

 

102

 

 

111,435

 

 

Targa Resources Partners, L.P./Targa Resources Partners Finance Corp., 6.875%, 1/15/29

 

 

203

 

 

224,188

 

 

Williams Cos., Inc. (The), 5.75%, 6/24/44

 

 

85

 

 

101,528

 

 

________________________________________________________________________________________________________

 

$

2,682,148

 

 

________________________________________________________________________________________________________

Real Estate Investment Trusts (REITs) — 0.8%

 

________________________________________________________________________________________________________

Brookfield Property REIT, Inc./BPR Cumulus, LLC/BPR Nimbus, LLC/GGSI Sellco, LLC, 5.75%, 5/15/26(3)

 

 

287

 

$

300,002

 

 

Consus Real Estate AG, 9.625%, 5/15/24(5)

 

EUR

330

 

 

410,380

 

 

ESH Hospitality, Inc., 4.625%, 10/1/27(3)

 

 

225

 

 

226,541

 

 

ESH Hospitality, Inc., 5.25%, 5/1/25(3)

 

 

160

 

 

164,334

 

 

Greystar Real Estate Partners, LLC, 5.75%, 12/1/25(3)

 

 

274

 

 

283,963

 

 

RHP Hotel Properties, L.P./RHP Finance Corp., 5.00%, 4/15/23

 

 

67

 

 

68,368

 

 

VICI Properties, L.P./VICI Note Co., Inc., 3.75%, 2/15/27(3)(9)

 

 

198

 

 

199,361

 

 

VICI Properties, L.P./VICI Note Co., Inc., 4.125%, 8/15/30(3)(9)

 

 

198

 

 

201,341

 

 

VICI Properties, L.P./VICI Note Co., Inc., 4.25%, 12/1/26(3)

 

 

300

 

 

308,450

 

 

VICI Properties, L.P./VICI Note Co., Inc., 4.625%, 12/1/29(3)

 

 

300

 

 

314,055

 

 

________________________________________________________________________________________________________

 

$

2,476,795

 

 

________________________________________________________________________________________________________

Real Estate Management & Development — 0.4%

 

________________________________________________________________________________________________________

AT Securities B.V., 5.25% to 7/21/23(4)(5)(6)

 

 

1,250

 

$

1,310,969

 

 

________________________________________________________________________________________________________

 

$

1,310,969

 

 

________________________________________________________________________________________________________

Software — 0.2%

 

________________________________________________________________________________________________________

CDK Global, Inc., 5.25%, 5/15/29(3)

 

 

96

 

$

102,840

 

 

j2 Cloud Services, LLC/j2 Global Co-Obligor, Inc., 6.00%, 7/15/25(3)

 

 

255

 

 

269,557

 

 

PTC, Inc., 3.625%, 2/15/25(3)(9)

 

 

89

 

 

89,890

 

 

PTC, Inc., 4.00%, 2/15/28(3)(9)

 

 

89

 

 

90,112

 

 

SS&C Technologies, Inc., 5.50%, 9/30/27(3)

 

 

95

 

 

100,669

 

 

________________________________________________________________________________________________________

 

$

653,068

 

 

________________________________________________________________________________________________________

Specialty Retail — 0.0%(1)

 

________________________________________________________________________________________________________

Entegris, Inc., 4.625%, 2/10/26(3)

 

 

77

 

$

79,645

 

 

________________________________________________________________________________________________________

 

$

79,645

 

 

________________________________________________________________________________________________________

Technology Hardware, Storage & Peripherals — 0.2%

 

________________________________________________________________________________________________________

Dell International, LLC/EMC Corp., 5.45%, 6/15/23(3)

 

 

135

 

$

147,974

 

 

Dell International, LLC/EMC Corp., 6.02%, 6/15/26(3)

 

 

315

 

 

368,204

 

 

MTS Systems Corp., 5.75%, 8/15/27(3)

 

 

77

 

 

81,069

 

 

Presidio Holdings, Inc., 4.875%, 2/1/27(3)

 

 

63

 

 

63,109

 

 

Presidio Holdings, Inc., 8.25%, 2/1/28(3)

 

 

86

 

 

88,580

 

 

________________________________________________________________________________________________________

 

$

748,936

 

 

________________________________________________________________________________________________________

Telecommunications — 1.8%

 

________________________________________________________________________________________________________

CommScope, Inc., 8.25%, 3/1/27(3)

 

 

289

 

$

297,482

 

 

Connect Finco S.a.r.l/Connect US Finco, LLC, 6.75%, 10/1/26(3)

 

 

447

 

 

473,820

 

 

Hughes Satellite Systems Corp., 5.25%, 8/1/26

 

 

145

 

 

157,723

 

 

Hughes Satellite Systems Corp., 6.625%, 8/1/26

 

 

95

 

 

105,008

 

 

Intelsat Jackson Holdings S.A., 5.50%, 8/1/23

 

 

30

 

 

24,588

 

 

Intelsat Jackson Holdings S.A., 8.00%, 2/15/24(3)

 

 

200

 

 

205,083

 

 

Intelsat Jackson Holdings S.A., 8.50%, 10/15/24(3)

 

 

216

 

 

182,970

 

 

Sprint Capital Corp., 6.875%, 11/15/28

 

 

556

 

 

566,759

 

 

Sprint Corp., 7.875%, 9/15/23

 

 

1,558

 

 

1,658,452

 

 

T-Mobile USA, Inc., 4.50%, 2/1/26

 

 

155

 

 

159,693

 

 

T-Mobile USA, Inc., 4.75%, 2/1/28

 

 

170

 

 

181,152

 

 

Telecom Italia SpA, 3.00%, 9/30/25(5)

 

EUR

520

 

 

622,464

 

 

Telecom Italia SpA, 5.303%, 5/30/24(3)

 

 

337

 

 

368,169

 

 

ViaSat, Inc., 5.625%, 4/15/27(3)

 

 

143

 

 

150,043

 

 

Ypso Finance Bis S.A., 4.00%, 2/15/28(5)(9)

 

EUR

298

 

 

327,438

 

 

Ypso Finance Bis S.A., 6.00%, 2/15/28(3)(9)

 

 

200

 

 

198,634

 

 

________________________________________________________________________________________________________

 

$

5,679,478

 

 

________________________________________________________________________________________________________

Toys, Games & Hobbies — 0.0%(1)

 

________________________________________________________________________________________________________

Mattel, Inc., 6.75%, 12/31/25(3)

 

 

127

 

$

136,472

 

 

________________________________________________________________________________________________________

 

$

136,472

 

 

________________________________________________________________________________________________________

Transportation — 0.3%

 

________________________________________________________________________________________________________

Cargo Aircraft Management, Inc., 4.75%, 2/1/28(3)

 

 

127

 

$

129,227

 

 

CMA CGM S.A., 5.25%, 1/15/25(5)

 

EUR

127

 

 

111,095

 

 

Watco Cos., LLC/Watco Finance Corp., 6.375%, 4/1/23(3)

 

 

260

 

 

263,683

 

 

XPO Logistics, Inc., 6.125%, 9/1/23(3)

 

 

80

 

 

82,867

 

 

XPO Logistics, Inc., 6.50%, 6/15/22(3)

 

 

375

 

 

382,230

 

 

________________________________________________________________________________________________________

 

$

969,102

 

 

________________________________________________________________________________________________________

Water Utilities — 0.2%

 

________________________________________________________________________________________________________

Anglian Water Osprey Financing PLC, 4.00%, 3/8/26(5)

 

GBP

475

 

$

631,158

 

 

________________________________________________________________________________________________________

 

$

631,158

 

 

________________________________________________________________________________________________________

Wireless Telecommunication Services — 0.1%

 

________________________________________________________________________________________________________

Sprint Corp., 7.625%, 3/1/26

 

 

157

 

$

164,143

 

 

________________________________________________________________________________________________________

 

$

164,143

 

 

________________________________________________________________________________________________________

Total Corporate Bonds & Notes
    (identified cost $113,424,941)

$

116,111,884

 

 

________________________________________________________________________________________________________

Senior Floating-Rate Loans — 1.9%(11)

 

Borrower/Tranche Description

 

Principal
Amount
(000's omitted)

 

Value

 

 

________________________________________________________________________________________________________

Aerospace and Defense — 0.0%(1)

 

________________________________________________________________________________________________________

TransDigm, Inc., Term Loan, 4.15%, (1 mo. USD LIBOR + 2.50%), Maturing 5/30/25

$

131

 

$

130,792

 

 

________________________________________________________________________________________________________

 

$

130,792

 

 

________________________________________________________________________________________________________

Business Equipment and Services — 0.1%

 

________________________________________________________________________________________________________

EIG Investors Corp., Term Loan, 5.67%, (2 mo. USD LIBOR + 3.75%), Maturing 2/9/23

$

405

 

$

404,003

 

 

________________________________________________________________________________________________________

 

$

404,003

 

 

________________________________________________________________________________________________________

Cable and Satellite Television — 0.0%(1)

 

________________________________________________________________________________________________________

CSC Holdings, LLC, Term Loan, 4.18%, (1 mo. USD LIBOR + 2.50%), Maturing 4/15/27

$

152

 

$

152,568

 

 

________________________________________________________________________________________________________

 

$

152,568

 

 

________________________________________________________________________________________________________

Electronics/Electrical — 0.2%

 

________________________________________________________________________________________________________

Cortes NP Acquisition Corporation, Term Loan, 5.65%, (1 mo. USD LIBOR + 4.00%), Maturing 11/30/23

$

314

 

$

314,336

 

 

SS&C Technologies Holdings Europe S.a.r.l, Term Loan, 3.40%, (1 mo. USD LIBOR + 1.75%), Maturing 4/16/25

 

49

 

 

49,529

 

 

SS&C Technologies, Inc., Term Loan, 3.40%, (1 mo. USD LIBOR + 1.75%), Maturing 4/16/25

 

68

 

 

68,569

 

 

SS&C Technologies, Inc., Term Loan, 3.40%, (1 mo. USD LIBOR + 1.75%), Maturing 4/16/25

 

290

 

 

290,606

 

 

________________________________________________________________________________________________________

 

$

723,040

 

 

________________________________________________________________________________________________________

Farming/Agriculture — 0.0%(1)

 

________________________________________________________________________________________________________

BellRing Brands, LLC, Term Loan, Maturing 10/21/24(12)

$

100

 

$

102,232

 

 

________________________________________________________________________________________________________

 

$

102,232

 

 

________________________________________________________________________________________________________

Financial Intermediaries — 0.1%

 

________________________________________________________________________________________________________

Spectacle Gary Holdings, LLC, Term Loan, 11.00%, (1 mo. USD LIBOR + 9.00%, Floor 2.00%), Maturing 12/23/25

$

162

 

$

170,355

 

 

Spectacle Gary Holdings, LLC, Term Loan, 0.50%, Maturing 12/23/25(13)

 

12

 

 

12,345

 

 

________________________________________________________________________________________________________

 

$

182,700

 

 

________________________________________________________________________________________________________

Food Products — 0.1%

 

________________________________________________________________________________________________________

HLF Financing S.a.r.l, Term Loan, 4.40%, (1 mo. USD LIBOR + 2.75%), Maturing 8/18/25

$

291

 

$

293,861

 

 

________________________________________________________________________________________________________

 

$

293,861

 

 

________________________________________________________________________________________________________

Health Care — 0.2%

 

________________________________________________________________________________________________________

Envision Healthcare Corporation, Term Loan, 5.40%, (1 mo. USD LIBOR + 3.75%), Maturing 10/10/25

$

245

 

$

207,007

 

 

National Mentor Holdings, Inc., Term Loan, 5.65%, (1 mo. USD LIBOR + 4.00%), Maturing 3/9/26

 

308

 

 

310,493

 

 

National Mentor Holdings, Inc., Term Loan, 5.65%, (1 mo. USD LIBOR + 4.00%), Maturing 3/9/26

 

17

 

 

17,274

 

 

________________________________________________________________________________________________________

 

$

534,774

 

 

________________________________________________________________________________________________________

Home Furnishings — 0.0%(1)

 

________________________________________________________________________________________________________

Hillman Group, Inc. (The), Term Loan, 5.65%, (1 mo. USD LIBOR + 4.00%), Maturing 5/31/25

$

115

 

$

113,540

 

 

________________________________________________________________________________________________________

 

$

113,540

 

 

________________________________________________________________________________________________________

Insurance — 0.4%

 

________________________________________________________________________________________________________

Asurion, LLC, Term Loan - Second Lien, 8.15%, (1 mo. USD LIBOR + 6.50%), Maturing 8/4/25

$

1,221

 

$

1,239,157

 

 

________________________________________________________________________________________________________

 

$

1,239,157

 

 

________________________________________________________________________________________________________

Leisure Goods/Activities/Movies — 0.2%

 

________________________________________________________________________________________________________

Playtika Holding Corp., Term Loan, 7.65%, (1 mo. USD LIBOR + 6.00%), Maturing 12/10/24

$

580

 

$

586,344

 

 

________________________________________________________________________________________________________

 

$

586,344

 

 

________________________________________________________________________________________________________

Lodging and Casinos — 0.1%

 

________________________________________________________________________________________________________

Stars Group Holdings B.V. (The), Term Loan, 5.44%, (3 mo. USD LIBOR + 3.50%), Maturing 7/10/25

$

182

 

$

183,819

 

 

________________________________________________________________________________________________________

 

$

183,819

 

 

________________________________________________________________________________________________________

Oil and Gas — 0.1%

 

________________________________________________________________________________________________________

Chesapeake Energy Corporation, Term Loan, 9.93%, (3 mo. USD LIBOR + 8.00%), Maturing 6/24/24

$

336

 

$

336,420

 

 

________________________________________________________________________________________________________

 

$

336,420

 

 

________________________________________________________________________________________________________

Radio and Television — 0.1%

 

________________________________________________________________________________________________________

iHeartCommunications, Inc., Term Loan, 5.78%, (1 mo. USD LIBOR + 4.00%), Maturing 5/1/26

 

69

 

 

69,613

 

 

iHeartCommunications, Inc., Term Loan, Maturing 5/1/26(12)

$

139

 

$

139,243

 

 

________________________________________________________________________________________________________

 

$

208,856

 

 

________________________________________________________________________________________________________

Retailers (Except Food and Drug) — 0.1%

 

________________________________________________________________________________________________________

PetSmart, Inc., Term Loan, Maturing 3/11/22(12)

$

187

 

$

186,864

 

 

________________________________________________________________________________________________________

 

$

186,864

 

 

________________________________________________________________________________________________________

Steel — 0.2%

 

________________________________________________________________________________________________________

Big River Steel, LLC, Term Loan, 6.94%, (3 mo. USD LIBOR + 5.00%), Maturing 8/23/23

$

171

 

$

172,239

 

 

GrafTech Finance, Inc., Term Loan, 5.15%, (1 mo. USD LIBOR + 3.50%), Maturing 2/12/25

 

323

 

 

322,249

 

 

________________________________________________________________________________________________________

 

$

494,488

 

 

________________________________________________________________________________________________________

Telecommunications — 0.0%(1)

 

________________________________________________________________________________________________________

Intelsat Jackson Holdings S.A., Term Loan, 6.63%, Maturing 1/2/24(14)

$

110

 

$

111,581

 

 

________________________________________________________________________________________________________

 

$

111,581

 

 

________________________________________________________________________________________________________

Total Senior Floating-Rate Loans
    (identified cost $5,930,997)

$

5,985,039

 

 

________________________________________________________________________________________________________

Exchange-Traded Funds  — 0.4%

 

Security

 

 

 

Shares

 

Value

 

 

________________________________________________________________________________________________________

Equity Funds  — 0.4%

 

________________________________________________________________________________________________________

First Trust Preferred Securities and Income ETF

59,885

 

$

1,211,474

 

 

________________________________________________________________________________________________________

Total Exchange-Traded Funds
    (identified cost $1,150,448)

$

1,211,474

 

 

________________________________________________________________________________________________________

Warrants  — 0.0%(1)

 

Security

 

Shares

 

 

Value

 

 

________________________________________________________________________________________________________

Media  — 0.0%(1)

 

________________________________________________________________________________________________________

iHeartMedia, Inc., Exp. 5/1/39(2)

3,627

 

$

64,125

 

 

________________________________________________________________________________________________________

Total Warrants
    (identified cost $60,109)

$

64,125

 

 

________________________________________________________________________________________________________

Short-Term Investments  — 0.8%

 

Description

 

Units

 

Value

 

 

________________________________________________________________________________________________________

Eaton Vance Cash Reserves Fund, LLC, 1.74%(15)

 

2,322,966

 

$

2,323,199

 

 

________________________________________________________________________________________________________

Total Short-Term Investments
    (identified cost $2,323,145)

$

2,323,199

 

 

________________________________________________________________________________________________________

Total Investments — 99.0%
    (identified cost $272,607,458)

$

306,046,327

 

 

________________________________________________________________________________________________________

Less Unfunded Loan Commitments — (0.0)%(1)

 

$

(11,757)

 

________________________________________________________________________________________________________

Net Investments — 99.0%

 

(identified cost $272,595,701)

 

$

306,034,570

 

________________________________________________________________________________________________________

Other Assets, Less Liabilities — 1.0%

 

$

3,151,292

 

 

________________________________________________________________________________________________________

Net Assets — 100.0%

 

$

309,185,862

 

 

________________________________________________________________________________________________________

 

 

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

 

 

 

*

In U.S. dollars unless otherwise indicated.

 

(1)

Amount is less than 0.05% or (0.05)%, as applicable.

 

(2)

Non-income producing security.

 

(3)

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 January 31, 2020, the aggregate value of these securities is $59,931,553 or 19.4% of the Portfolio's net assets.

 

(4)

Security converts to variable rate after the indicated fixed-rate coupon period.

 

(5)

Security exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At January 31, 2020, the aggregate value of these securities is $26,426,166 or 8.5% of the Portfolio's net assets.

 

(6)

Perpetual security with no stated maturity date but may be subject to calls by the issuer.

 

(7)

Represents a payment-in-kind security which may pay interest in additional principal at the issuer's discretion.

 

(8)

Variable rate security. The stated interest rate represents the rate in effect at January 31, 2020.

 

(9)

When-issued security.

 

(10)

Issuer is in default with respect to interest and/or principal payments.

 

(11)

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.

 

(12)

This Senior Loan will settle after January 31, 2020, at which time the interest rate will be determined.

 

(13)

Unfunded loan commitment. The stated interest rate represents the commitment fee in effect at January 31, 2020. At January 31, 2020, the total value of unfunded loan commitments is $12,345.

 

(14)

Fixed-rate loan.

 

(15)

Affiliated investment company, available to Eaton Vance portfolios and funds, which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of January 31, 2020.

 
                                                           
 

 

Global Income Builder Portfolio

January 31, 2020

 

Portfolio of Investments (Unaudited) - continued

 

 

Country Concentration of Portfolio

Country

 

Percentage of
Total Investments

 

Value

United States

 

56.0

%

 

 

$

171,388,864

United Kingdom

 

8.4

 

 

 

 

25,607,018

Japan

 

4.4

 

 

 

 

13,443,967

France

 

3.6

 

 

 

 

10,959,366

Switzerland

 

3.2

 

 

 

 

9,913,957

Luxembourg

 

2.9

 

 

 

 

9,018,578

Canada

 

2.9

 

 

 

 

9,007,390

Germany

 

2.8

 

 

 

 

8,710,079

Spain

 

2.8

 

 

 

 

8,581,085

Sweden

 

2.6

 

 

 

 

7,902,261

Netherlands

 

1.6

 

 

 

 

4,839,681

Denmark

 

1.4

 

 

 

 

4,224,789

Italy

 

1.2

 

 

 

 

3,612,096

Australia

 

0.9

 

 

 

 

2,659,561

United Arab Emirates

 

0.7

 

 

 

 

2,213,096

Finland

 

0.7

 

 

 

 

2,033,713

Taiwan

 

0.6

 

 

 

 

1,808,284

Belgium

 

0.6

 

 

 

 

1,779,256

Greece

 

0.6

 

 

 

 

1,719,258

Hong Kong

 

0.5

 

 

 

 

1,606,934

China

 

0.5

 

 

 

 

1,376,195

Ireland

 

0.4

 

 

 

 

1,119,150

Zambia

 

0.2

 

 

 

 

753,251

Mexico

 

0.1

 

 

 

 

425,305

New Zealand

 

0.0

 

(1)

 

 

123,100

Brazil

 

0.0

 

(1)

 

 

8,619

Exchange-Traded Funds

 

0.4

 

 

 

 

1,211,474

Total Investments

 

100.0

%

 

$

306,046,327

(1)

Amount is less than 0.05%.

                 

 

 

 

Global Income Builder Portfolio

January 31, 2020

 

Portfolio of Investments (Unaudited) - continued

 


Futures Contracts

 

Description

 

Number of
Contracts

 

Position

 

Expiration
Date

 

Notional
Amount

 

Value/Unrealized
Appreciation (Depreciation)

___________________________________________________________________________________________________________

 


Equity Futures

 

E-mini S&P 500 Index

 

58

 

Long

 

3/20/20

 

$

9,349,600

$

(126,642)

 

STOXX Europe 600 Banks Index

 

164

 

Short

 

3/20/20

 

 

(1,228,627)

 

(523)

 

STOXX Europe 600 Index

 

362

 

Short

 

3/20/20

 

 

(8,208,175)

 

166,192

 

___________________________________________________________________________________________________________

 

 

$

39,027

 

___________________________________________________________________________________________________________

 


Abbreviations:

 


Abbreviations:

 

ADR

-

American Depositary Receipt

 

EURIBOR

-

Euro Interbank Offered Rate

 

LIBOR

-

London Interbank Offered Rate

 

PIK

-

Payment In Kind

 


Currency Abbreviations:

 

EUR

-

Euro

 

GBP

-

British Pound Sterling

 

USD

-

United States Dollar

 
                                                   

 

 

 

Global Income Builder Portfolio

January 31, 2020

 

Portfolio of Investments (Unaudited) - continued

 

 

At January 31, 2020, the Portfolio had sufficient cash and/or securities to cover commitments under open derivative contracts.

The Portfolio is subject to equity price risk in the normal course of pursuing its investment objective. The Portfolio enters into equity futures contracts on securities indices to gain or limit exposure to certain markets, particularly in connection with engaging in the dividend capture trading strategy.

 

At January 31, 2020, the value of the Portfolio’s investment in affiliated funds was $2,323,199, which represents 0.8% of the Portfolio’s net assets. Transactions in affiliated funds by the Portfolio for the fiscal year to date ended January 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

$

1,345,311

$

23,280,340

$

(22,302,429)

$

(76)

$

53

$

2,323,199

$

5,426

 

2,322,966

 
                                                   

 

 

 

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 January 31, 2020, the hierarchy of inputs used in valuing the Portfolio's investments and open derivative instruments, which are carried at value, were as follows:

 

 

Global Income Builder Portfolio

January 31, 2020

 

Portfolio of Investments (Unaudited) - continued

 

Asset Description

 

Level 1

 

Level 2

 

Level 3

 

Total

 

________________________________________________________________________________________________________

 

Common Stocks

 

 

 

 

 

Communication Services

$

11,632,486

$

4,815,920

$

—

$

16,448,406

 

 

 

Consumer Discretionary

 

9,859,109

 

9,508,012

 

—

 

19,367,121

 

 

 

Consumer Staples

 

3,527,776

 

7,462,954

 

—

 

10,990,730

 

 

 

Energy

 

7,104,322

 

—

 

—

 

7,104,322

 

 

 

Financials

 

12,792,271

 

15,244,649

 

—

 

28,036,920

 

 

 

Health Care

 

11,995,406

 

11,772,329

 

—

 

23,767,735

 

 

 

Industrials

 

10,677,683

 

17,598,995

 

—

 

28,276,678

 

 

 

Information Technology

 

17,100,997

 

9,621,556

 

—

 

26,722,553

 

 

 

Materials

 

—

 

5,821,618

 

—

 

5,821,618

 

 

 

Real Estate

 

3,366,843

 

—

 

—

 

3,366,843

 

 

 

Utilities

 

4,003,582

 

3,560,950

 

—

 

7,564,532

 

 

________________________________________________________________________________________________________

 

Total Common Stocks

$

92,060,475

$

85,406,983*

$

—

$

177,467,458

 

 

________________________________________________________________________________________________________

 

Preferred Stocks

 

 

 

 

 

Consumer Staples

$

—

$

519,330

$

—

$

519,330

 

 

 

Energy

 

688,421

 

—

 

—

 

688,421

 

 

 

Financials

 

274,258

 

120,978

 

—

 

395,236

 

 

 

Real Estate

 

573,232

 

—

 

—

 

573,232

 

 

 

Utilities

 

615,354

 

91,575

 

—

 

706,929

 

 

________________________________________________________________________________________________________

 

Total Preferred Stocks

$

2,151,265

$

731,883

$

—

$

2,883,148

 

 

________________________________________________________________________________________________________

 

Corporate Bonds & Notes

$

—

$

116,111,884

$

—

$

116,111,884

 

 

Senior Floating-Rate Loans (Less Unfunded Loan Commitments)

 

—

 

5,973,282

 

—

 

5,973,282

 

 

Exchange-Traded Funds

 

1,211,474

 

—

 

—

 

1,211,474

 

 

Warrants

 

64,125

 

—

 

—

 

64,125

 

 

Short-Term Investments

 

—

 

2,323,199

 

—

 

2,323,199

 

 

________________________________________________________________________________________________________

 

Total Investments

$

95,487,339

$

210,547,231

$

—

$

306,034,570

 

 

________________________________________________________________________________________________________

 

Futures Contracts

$

166,192

$

—

$

—

$

166,192

 

 

________________________________________________________________________________________________________

 

Total

$

95,653,531

$

210,547,231

 

$

—

$

306,200,762

 

 

________________________________________________________________________________________________________

 

 

 

Liability Description

 

 

 

 

 

 

 

 

 

________________________________________________________________________________________________________

 

Futures Contracts

$

(127,165)

$

—

$

—

$

(127,165)

 

 

________________________________________________________________________________________________________

 

Total

$

(127,165)

$

—

$

—

$

(127,165)

 

 

________________________________________________________________________________________________________

 

*

Includes foreign equity securities whose values were adjusted to reflect market trading of comparable securities or other correlated instruments that occurred after the close of trading in their applicable foreign markets.

 
                                                 

 

 

 

Global Income Builder Portfolio

January 31, 2020

 

Portfolio of Investments (Unaudited) - continued

 

 

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