NPORT-EX 2 kcop.htm KCOP SOI

KKR Credit Opportunities Portfolio
 
           
January 31, 2023
 
        
 
 
 
                        
SCHEDULE OF INVESTMENTS (Unaudited)
                                     
(Stated in United States Dollars, unless otherwise noted)
                                     
                                       
Issuer
  
Asset
Reference Rate & Spread
Interest
Rate
Maturity Date
Country
Currency
  
Par
    
Fair Value
  
Footnotes
Leveraged Loans - 67.61%
                                     
Aerospace & Defense - 0.95%
                                     
        Amentum Services Inc
  
TL 2L B 12/21
SOFR (3M) + 7.65%
12.18%
2/15/2030
USA
USD
    
2,767,140
    
$
2,696,578
  
(b) (d)
        Arcfield Acquisition Corp
  
Revolver 1L 03/22
LIBOR (1M) + 5.75%
0.50%
3/10/2027
USA
USD
    
143,583
      
(2,786
)
(a) (b) (e)
        Arcfield Acquisition Corp
  
TL 1L 03/22
LIBOR (1M) + 5.75%
10.18%
3/10/2028
USA
USD
    
981,712
      
962,666
  
(a) (b) (d)
        EaglePicher Technologies LLC
  
TL 2L 02/18
LIBOR (1M) + 7.25%
11.82%
3/8/2026
USA
USD
    
2,506,459
      
1,253,230
  
(d)
        Ultra Electronics Holdings PLC
  
TL 1L B 11/21
LIBOR (6M) + 3.75%
7.06%
8/6/2029
USA
USD
    
132,857
      
131,528
  
(d)
        Ultra Electronics Holdings PLC
  
TL 1L B 11/21
EURIBOR (6M) + 3.75%
4.40%
8/6/2029
LUX
EUR
    
104,000
      
110,753
  
(d)
                                           
Air Freight & Logistics - 1.34%
                                         
        Envirotainer Ltd
  
TL 1L B1 07/22
EURIBOR (3M) + 6.00%
8.20%
7/30/2029
SWE
EUR
    
4,739,642
      
4,933,039
  
(a) (b) (d)
        Envirotainer Ltd
  
TL 1L B2 07/22
SOFR (3M) + 6.15%
10.73%
7/30/2029
SWE
USD
    
2,411,934
      
2,341,264
  
(a) (b) (d)
        Envirotainer Ltd
  
TL 1L DD 07/22
EURIBOR (3M) + 1.20%
1.20%
7/30/2029
SWE
EUR
    
865,234
      
(39,677
)
(a) (b) (e)
                                           
Alternative Carriers - 1.27%
                                         
        Segra
  
TL 1L B 08/21
LIBOR (3M) + 4.50%
9.23%
10/4/2028
USA
USD
    
7,375,483
      
6,837,663
  
(d)
                                           
Apparel, Accessories & Luxury Goods - 3.99%
                                         
        Varsity Brands Inc
  
TL 1L 11/17
LIBOR (1M) + 3.50%
8.07%
12/16/2024
USA
USD
    
21,649,031
      
21,540,786
  
(d)
                                           
Application Software - 7.39%
                                         
        Community Brands Inc
  
Revolver 1L 02/22
SOFR (1M) + 5.85%
0.50%
2/24/2028
USA
USD
    
60,610
      
(1,709
)
(a) (b) (e)
        Community Brands Inc
  
TL 1L 02/22
SOFR (1M) + 5.85%
10.41%
2/24/2028
USA
USD
    
1,022,573
      
993,736
  
(a) (b) (d)
        Community Brands Inc
  
TL 1L DD 02/22
SOFR (1M) + 5.85%
0.50%
2/24/2028
USA
USD
    
121,212
      
(3,418
)
(a) (b) (e)
        Follett Software Co
  
Revolver 1L 08/21
LIBOR (3M) + 5.75%
0.50%
8/31/2027
USA
USD
    
136,050
      
(1,619
)
(a) (b) (e)
        Follett Software Co
  
TL 1L 08/21
LIBOR (3M) + 5.75%
10.13%
8/31/2028
USA
USD
    
1,534,181
      
1,515,924
  
(a) (b) (d)
        Med-Metrix
  
Revolver 1L 09/21
LIBOR (3M) + 6.00%
0.50%
9/15/2027
USA
USD
    
158,828
      
-
  
(a) (b) (e)
        Med-Metrix
  
TL 1L 09/21
LIBOR (3M) + 6.00%
10.73%
9/15/2027
USA
USD
    
1,254,740
      
1,267,288
  
(a) (b) (d)
        Med-Metrix
  
TL 1L DD 09/21
LIBOR (3M) + 6.00%
1.00%
9/15/2027
USA
USD
    
634,359
      
132,453
  
(a) (b) (e)
        Misys Ltd
  
TL 2L 04/17
LIBOR (3M) + 7.25%
12.08%
6/13/2025
USA
USD
    
9,735,446
      
7,745,083
  
(d)
        SAMBA Safety Inc
  
Revolver 1L 09/21
LIBOR (3M) + 5.25%
0.38%
9/1/2027
USA
USD
    
41,810
      
(176
)
(a) (b) (e)
        SAMBA Safety Inc
  
TL 1L 09/21
LIBOR (3M) + 5.25%
10.41%
9/1/2027
USA
USD
    
569,876
      
567,482
  
(a) (b) (d)
        Solera LLC
  
TL 2L 06/21
LIBOR (3M) + 8.00%
12.73%
6/4/2029
USA
USD
    
16,105,314
      
15,783,208
  
(d)
        TIBCO Software Inc
  
TL 1L B 09/22
SOFR (3M) + 4.60%
9.18%
3/30/2029
USA
USD
    
12,720,960
      
11,774,839
  
(d)
                                           
Auto Parts & Equipment - 0.86%
                                         
        Innovative XCessories & Services LLC
  
TL 1L 02/20
LIBOR (3M) + 4.25%
7.82%
3/5/2027
USA
USD
    
3,549,826
      
2,891,440
  
(d)
        Rough Country LLC
  
TL 2L 07/21
LIBOR (3M) + 6.50%
11.23%
7/30/2029
USA
USD
    
861,230
      
777,975
  
(d)
        Wheel Pros Inc
  
TL 1L B 05/21
LIBOR (3M) + 4.50%
9.32%
5/11/2028
USA
USD
    
1,345,759
      
942,684
  
(d)
                                           
Broadcasting - 3.71%
                                         
        NEP Broadcasting LLC
  
TL 1L 05/20
LIBOR (1M) + 8.25%
12.82%
6/1/2025
USA
USD
    
150,390
      
148,104
  
(b) (d)
        NEP Broadcasting LLC
  
TL 1L B 09/18
LIBOR (1M) + 3.25%
7.82%
10/20/2025
USA
USD
    
9,630,151
      
8,700,842
  
(d)
        NEP Broadcasting LLC
  
TL 2L 09/18
LIBOR (1M) + 7.00%
11.57%
10/19/2026
USA
USD
    
14,697,782
      
11,067,430
  
(d)
                                           
Building Products - 0.95%
                                         
        DiversiTech Holdings Inc
  
TL 2L B 12/21
LIBOR (3M) + 6.75%
11.48%
12/15/2029
USA
USD
    
1,945,020
      
1,740,793
  
(d)
        VC GB Holdings Inc (Visual Comfort)
  
TL 2L 06/21
LIBOR (1M) + 6.75%
11.32%
7/23/2029
USA
USD
    
4,110,401
      
3,384,237
  
(d)
                                           
Communications Equipment - 0.08%
                                         
        Ciena Corp
  
TL 1L B 01/23
SOFR (1M) + 2.50%
6.98%
1/18/2030
USA
USD
    
406,260
      
406,768
  
(d)
                                           
Construction & Engineering - 2.67%
                                         
        Total Safety US Inc
  
TL 1L B 07/19
LIBOR (3M) + 6.00%
10.71%
8/18/2025
USA
USD
    
6,416,342
      
6,140,214
  
(d)
        USIC Holdings Inc
  
TL 2L 05/21
LIBOR (1M) + 6.50%
11.07%
5/14/2029
USA
USD
    
2,682,939
      
2,541,253
  
(d)
        Yak Access LLC
  
Bridge Loan 1L 01/23
SOFR (1M) + 8.35%
12.88%
3/10/2023
USA
USD
    
1,013,810
      
1,003,672
  
(a) (b) (d)
        Yak Access LLC
  
Bridge Loan 1L 11/22
SOFR (3M) + 8.35%
13.06%
3/10/2023
USA
USD
    
1,126,352
      
1,115,088
  
(a) (b) (d)
        Yak Access LLC
  
Bridge Loan 1L 12/22
SOFR (3M) + 8.35%
13.06%
3/10/2023
USA
USD
    
844,764
      
836,316
  
(a) (b) (d)
        Yak Access LLC
  
TL 1L B 05/18
    
  7/11/2025
USA
USD
    
6,608,816
      
2,686,484
  
(a) (c) (d)
                                           
Construction Machinery & Heavy Trucks - 1.33%
                                         
        Accuride Corp
  
TL 1L B 10/17
LIBOR (3M) + 5.25%
9.98%
11/17/2023
USA
USD
    
8,616,549
      
7,151,735
  
(d)
                                           
Construction Materials - 0.18%
                                         
        Summit Materials Holdings LP
  
TL 1L B 12/22
SOFR (3M) + 3.10%
7.61%
12/14/2027
USA
USD
    
965,541
      
969,365
  
(d)
                                           
Data Processing & Outsourced Services - 0.73%
                                         
        Encora Digital Inc
  
TL 1L 12/21
LIBOR (6M) + 8.28%
8.28%
12/20/2028
CYM
USD
    
1,652,370
      
1,581,153
  
(a) (b) (d)
        Encora Digital Inc
  
TL 1L 12/21
9.75% PIK
9.75%
12/13/2029
CYM
USD
    
482,470
      
458,829
  
(a) (b) (f)
        Encora Digital Inc
  
TL 1L DD 12/21
LIBOR (6M) + 5.50%
10.48%
12/20/2028
CYM
USD
    
398,160
      
380,999
  
(a) (b)
        Go Daddy Operating Co LLC
  
TL 1L 10/22
SOFR (1M) + 3.25%
7.81%
11/9/2029
USA
USD
    
1,019,100
      
1,024,201
  
(d)
        West Corp
  
TL 1L B3 01/23
LIBOR (3M) + 4.00%
8.81%
4/10/2027
USA
USD
    
529,193
      
498,212
  
(d)
                                           
Department Stores - 0.04%
                                         
        Belk Inc
  
TL 1L 02/21
LIBOR (3M) + 7.50%
12.20%
7/31/2025
USA
USD
    
53,180
      
45,619
  
(a) (d)
        Belk Inc
  
TL 1L EXIT 02/21
    
  7/31/2025
USA
USD
    
997,211
      
185,107
  
(a) (c) (d) (f)
                                           
Distributors - 1.75%
                                         
        Caldic BV
  
TL 1L B 01/22
SOFR (3M) + 3.75%
8.43%
2/26/2029
NLD
USD
    
107,845
      
107,171
  
(d)
        Caldic BV
  
TL 1L B 02/22
EURIBOR (3M) + 3.50%
5.11%
2/4/2029
NLD
EUR
    
61,831
      
65,678
  
(d)
        Caldic BV
  
TL 2L 03/22
SOFR (3M) + 7.25%
11.93%
2/25/2030
NLD
USD
    
6,499,085
      
6,304,112
  
(b) (d)
        Parts Town LLC
  
TL 1L 11/21
LIBOR (3M) + 5.50%
9.17%
11/1/2028
USA
USD
    
838,073
      
817,205
  
(a) (b) (d)
        Parts Town LLC
  
TL 1L B 11/21
LIBOR (3M) + 5.50%
10.23%
11/1/2028
USA
USD
    
920,208
      
897,295
  
(a) (b) (d)
        Parts Town LLC
  
TL 1L DD 11/21
LIBOR (3M) + 5.50%
9.17%
11/1/2028
USA
USD
    
1,284,596
      
1,252,610
  
(a) (b) (d)
                                           
Diversified Metals & Mining - 0.02%
                                         
        Foresight Energy LLC
  
TL 1L A 06/20
LIBOR (3M) + 8.00%
12.73%
6/30/2027
USA
USD
    
121,885
      
121,885
  
(a) (b) (d)
                                           
Diversified Support Services - 0.06%
                                         
        Access CIG LLC
  
TL 2L 02/18
LIBOR (1M) + 7.75%
12.32%
2/27/2026
USA
USD
    
143,000
      
130,130
  
(d)
        Magna Legal Services LLC
  
Revolver 1L 11/22
LIBOR (3M) + 5.25%
0.50%
11/22/2028
USA
USD
    
26,940
      
(67
)
(a) (b) (e)
        Magna Legal Services LLC
  
TL 1L 11/22
LIBOR (3M) + 5.25%
10.90%
11/22/2029
USA
USD
    
231,690
      
231,111
  
(a) (b) (d)
        Magna Legal Services LLC
  
TL 1L DD 11/22
LIBOR (3M) + 5.25%
1.00%
11/22/2029
USA
USD
    
64,660
      
(162
)
(a) (b) (e)
                                           
Electronic Equipment & Instruments  - 0.81%
                                         
        Excelitas Technologies Corp
  
Revolver 1L 08/22
SOFR (3M) + 5.75%
0.50%
8/12/2028
USA
USD
    
351,770
      
138,539
  
(a) (b) (e)
        Excelitas Technologies Corp
  
TL 1L 08/22
SOFR (3M) + 5.75%
10.12%
8/12/2029
USA
USD
    
3,646,681
      
3,575,571
  
(a) (b) (d)
        Excelitas Technologies Corp
  
TL 1L 08/22
EURIBOR (3M) + 5.75%
7.55%
8/12/2029
USA
EUR
    
602,699
      
642,159
  
(a) (b) (d)
        Excelitas Technologies Corp
  
TL 1L DD 08/22
SOFR (3M) + 5.75%
0.50%
8/12/2029
USA
USD
    
703,540
      
(13,719
)
(a) (b) (e)
                                           
Environmental & Facilities Services - 1.45%
                                         
        48Forty Solutions LLC
  
Revolver 1L 03/22
SOFR (3M) + 5.65%
0.50%
11/30/2026
USA
USD
    
610,068
      
(7,748
)
(a) (b) (e)
        48Forty Solutions LLC
  
TL 1L 02/22
SOFR (3M) + 5.75%
9.75%
11/30/2026
USA
USD
    
4,723,786
      
4,663,794
  
(a) (b) (d)
        48Forty Solutions LLC
  
TL 1L 03/22
SOFR (3M) + 5.65%
9.76%
11/30/2026
USA
USD
    
3,157,204
      
3,117,108
  
(a) (b) (d)
                                           
Financial Exchanges & Data - 0.13%
                                         
        IntraFi Network LLC
  
TL 2L 11/21
LIBOR (1M) + 6.25%
10.82%
11/5/2029
USA
USD
    
751,420
      
698,197
  
(d)
                                           
Food Distributors - 0.14%
                                         
        Lipari Foods LLC
  
TL 1L 10/22
SOFR (3M) + 6.65%
10.74%
10/31/2028
USA
USD
    
772,735
      
770,571
  
(b) (d)
        Lipari Foods LLC
  
TL 1L DD 10/22
SOFR (3M) + 6.65%
1.00%
10/31/2028
USA
USD
    
219,884
      
(616
)
(b) (e)
                                           
Health Care Equipment - 5.74%
                                         
        Drive DeVilbiss Healthcare LLC
  
TL 1L 03/21
4.00% PIK, SOFR (3M) + 9.50%
14.08%
6/1/2025
USA
USD
    
20,030,700
      
18,127,784
  
(d) (f)
        Drive DeVilbiss Healthcare LLC
  
TL 1L 09/22
9.00% PIK, SOFR (3M) + 10.00%
14.68%
6/1/2025
USA
USD
    
2,670,167
      
2,670,167
  
(b) (d) (f)
        Orchid Orthopedic Solutions LLC
  
TL 1L 02/19
LIBOR (3M) + 4.50%
9.23%
3/5/2026
USA
USD
    
6,919,868
      
6,141,417
  
(d)
        PartsSource Inc
  
Revolver 1L 10/21
LIBOR (3M) + 5.75%
0.50%
8/21/2026
USA
USD
    
87,104
      
(2,326
)
(a) (b) (e)
        PartsSource Inc
  
TL 1L 10/21
LIBOR (3M) + 5.75%
8.71%
8/23/2028
USA
USD
    
1,322,260
      
1,286,956
  
(a) (b) (d)
        PartsSource Inc
  
TL 1L DD 08/21
LIBOR (3M) + 5.75%
2.00%
8/23/2028
USA
USD
    
464,562
      
(12,404
)
(a) (b) (e)
        Tecomet Inc
  
TL 1L 10/17
LIBOR (3M) + 3.50%
8.29%
5/1/2024
USA
USD
    
3,036,514
      
2,673,226
  
(d)
                                           
Health Care Facilities - 2.11%
                                         
        Lakefield Veterinary Group
  
TL 1L 11/21
SOFR (1M) + 5.50%
10.06%
11/23/2028
USA
USD
    
2,199,515
      
2,087,559
  
(b) (d)
        Lakefield Veterinary Group
  
TL 1L DD 11/21
SOFR (1M) + 5.50%
0.50%
11/23/2028
USA
USD
    
1,265,136
      
485,978
  
(b) (e)
        ScionHealth
  
TL 1L B 12/21
LIBOR (1M) + 5.25%
9.82%
12/23/2028
USA
USD
    
2,433,697
      
1,439,933
  
(d)
        VetCor Professional Practices LLC
  
Revolver 1L 08/22
SOFR (3M) + 5.75%
0.50%
8/31/2029
USA
USD
    
573,499
      
-
  
(b) (e)
        VetCor Professional Practices LLC
  
TL 1L B 08/22
SOFR (3M) + 5.75%
9.19%
8/31/2029
USA
USD
    
7,300,251
      
7,302,441
  
(b)
        VetCor Professional Practices LLC
  
TL 1L DD 08/22
SOFR (3M) + 5.75%
0.50%
8/31/2029
USA
USD
    
664,390
      
199
  
(b) (e)
                                           
Health Care Services - 1.70%
                                         
        Affordable Care Inc
  
Revolver 1L 08/21
LIBOR (1M) + 5.75%
1.19%
8/2/2027
USA
USD
    
177,081
      
11,953
  
(a) (b) (e)
        Affordable Care Inc
  
TL 1L 08/21
1.25% PIK, LIBOR (1M) + 5.75%
10.32%
8/2/2028
USA
USD
    
1,585,658
      
1,565,837
  
(a) (b) (d)
        Affordable Care Inc
  
TL 1L DD 08/21
1.25% PIK, LIBOR (1M) + 5.75%
3.44%
8/2/2028
USA
USD
    
598,760
      
203,680
  
(a) (b) (e)
        American Vision Partners
  
Revolver 1L 09/21
LIBOR (3M) + 5.75%
0.50%
9/30/2026
USA
USD
    
158,140
      
59,097
  
(a) (b) (e)
        American Vision Partners
  
TL 1L 09/21
LIBOR (3M) + 5.75%
10.58%
9/30/2027
USA
USD
    
1,905,174
      
1,855,068
  
(a) (b) (d)
        American Vision Partners
  
TL 1L DD 09/21
LIBOR (3M) + 5.75%
10.56%
9/30/2027
USA
USD
    
786,737
      
766,045
  
(a) (b) (d)
        Amerivet Partners Management Inc
  
Revolver 1L 02/22
SOFR (3M) + 5.65%
0.50%
2/25/2028
USA
USD
    
197,240
      
(5,838
)
(a) (b) (e)
        Amerivet Partners Management Inc
  
TL 1L 02/22
SOFR (3M) + 5.65%
10.23%
2/25/2028
USA
USD
    
2,235,596
      
2,169,423
  
(a) (b) (d)
        Amerivet Partners Management Inc
  
TL 1L DD 02/22
SOFR (3M) + 5.65%
1.00%
2/25/2028
USA
USD
    
1,576,564
      
356,320
  
(a) (b) (e)
        Novotech Pty Ltd
  
TL 1L B1 01/22
BBSY (6M) + 5.25%
8.83%
1/13/2028
AUS
AUD
    
1,579,895
      
1,086,031
  
(a) (b) (d)
        Novotech Pty Ltd
  
TL 1L B2 01/22
SOFR (6M) + 6.01%
10.60%
1/13/2028
AUS
USD
    
1,144,851
      
1,120,809
  
(a) (b) (d)
        Novotech Pty Ltd
  
TL 1L DD 01/22
SOFR (6M) + 6.01%
1.00%
1/13/2028
AUS
USD
    
266,244
      
(5,591
)
(a) (b) (e)
        Paradigm Acquisition Corp
  
TL 2L 10/18
LIBOR (3M) + 7.50%
12.23%
10/26/2026
USA
USD
    
11,538
      
11,077
  
(d)
                                           
Health Care Technology - 0.06%
                                         
        athenahealth Inc
  
TL 1L 01/22
SOFR (1M) + 3.50%
8.01%
2/15/2029
USA
USD
    
333,212
      
316,690
    
        athenahealth Inc
  
TL 1L DD 01/22
SOFR (3M) + 3.50%
0.50%
2/15/2029
USA
USD
    
40,832
      
(2,025
)
(e)
                                           
Hotels, Resorts & Cruise Lines - 1.24%
                                         
        B&B Hotels SAS
  
TL 1L B3A 01/20
EURIBOR (3M) + 3.38%
5.18%
7/31/2026
FRA
EUR
    
1,886,660
      
1,980,547
  
(d)
        B&B Hotels SAS
  
TL 1L B4 03/21
EURIBOR (6M) + 5.50%
7.24%
7/31/2026
FRA
EUR
    
337,480
      
362,601
  
(d)
        B&B Hotels SAS
  
TL 2L 04/20
LIBOR (6M) + 8.50%
8.50%
7/30/2027
FRA
EUR
    
812,680
      
850,433
  
(d)
        NCL Corp Ltd
  
TL 1L A 06/16
SOFR (3M) + 2.00%
6.43%
1/2/2024
USA
USD
    
2,697,347
      
2,575,966
  
(d)
        Travel + Leisure Co
  
TL 1L 12/22
SOFR (3M) + 4.10%
8.61%
12/14/2029
USA
USD
    
886,120
      
888,061
  
(d)
                                           
Human Resource & Employment Services - 2.99%
                                         
        Insight Global LLC
  
Revolver 1L 09/21
PRIME (3M) + 5.00%
0.50%
9/22/2027
USA
USD
    
427,591
      
58,665
  
(a) (b) (e)
        Insight Global LLC
  
TL 1L 02/22
LIBOR (3M) + 6.00%
10.83%
9/22/2028
USA
USD
    
1,042,940
      
1,029,591
  
(a) (b) (d)
        Insight Global LLC
  
TL 1L 09/21
LIBOR (1M) + 6.00%
10.72%
9/22/2028
USA
USD
    
5,387,783
      
5,318,820
  
(a) (b) (d)
        Oxford Global Resources LLC
  
Revolver 1L 08/21
SOFR (3M) + 6.25%
0.38%
8/17/2027
USA
USD
    
128,823
      
33,159
  
(a) (b) (e)
        Oxford Global Resources LLC
  
TL 1L 06/22
SOFR (3M) + 6.25%
10.88%
8/17/2027
USA
USD
    
6,610,887
      
6,593,699
  
(a) (b) (d)
        Oxford Global Resources LLC
  
TL 1L 08/21
SOFR (6M) + 6.25%
9.78%
8/17/2027
USA
USD
    
1,475,662
      
1,471,825
  
(a) (b) (d)
        Oxford Global Resources LLC
  
TL 1L DD 08/21
SOFR (6M) + 6.43%
4.14%
8/17/2027
USA
USD
    
257,645
      
116,301
  
(a) (b) (e)
        SIRVA Worldwide Inc
  
TL 1L 07/18
LIBOR (3M) + 5.50%
10.13%
8/4/2025
USA
USD
    
1,615,628
      
1,448,815
  
(d)
        SIRVA Worldwide Inc
  
TL 2L 07/18
LIBOR (3M) + 9.50%
14.26%
8/3/2026
USA
USD
    
59,000
      
51,050
  
(d)
                                           
Industrial Machinery - 0.48%
                                         
        CPM Holdings Inc
  
TL 2L 10/18
LIBOR (1M) + 8.25%
12.62%
11/16/2026
USA
USD
    
371,172
      
366,533
  
(d)
        Engineered Machinery Holdings Inc
  
TL 2L 08/21
LIBOR (3M) + 6.00%
10.73%
5/21/2029
USA
USD
    
297,640
      
272,573
  
(d)
        Time Manufacturing Co
  
Revolver 1L 12/21
LIBOR (3M) + 6.50%
0.50%
12/1/2027
USA
USD
    
153,560
      
92,082
  
(a) (b) (e)
        Time Manufacturing Co
  
TL 1L 06/22
EURIBOR (3M) + 6.50%
8.42%
12/1/2027
DEU
EUR
    
372,332
      
382,387
  
(a) (b) (d)
        Time Manufacturing Co
  
TL 1L 12/21
LIBOR (3M) + 6.50%
11.23%
12/1/2027
USA
USD
    
921,425
      
870,839
  
(a) (b) (d)
        Time Manufacturing Co
  
TL 1L 12/21
EURIBOR (3M) + 6.50%
8.42%
12/1/2027
DEU
EUR
    
594,000
      
610,040
  
(a) (b) (d)
                                           
Insurance Brokers - 3.92%
                                         
        Alera Group Intermediate Holdings Inc
  
TL 1L 09/21
SOFR (1M) + 6.10%
10.66%
10/2/2028
USA
USD
    
655,236
      
635,579
  
(a) (b) (d)
        Alera Group Intermediate Holdings Inc
  
TL 1L DD 09/21
SOFR (1M) + 6.10%
10.66%
10/2/2028
USA
USD
    
186,208
      
180,622
  
(a) (b) (d)
        Alera Group Intermediate Holdings Inc
  
TL 1L DD 12/21
SOFR (1M) + 6.10%
10.66%
10/2/2028
USA
USD
    
538,485
      
522,330
  
(a) (b) (d)
        CFC Underwriting Ltd
  
TL 1L B 05/22
SOFR (3M) + 5.00%
9.30%
5/16/2029
GBR
USD
    
5,343,384
      
5,349,796
  
(a) (b) (d)
        CFC Underwriting Ltd
  
TL 1L DD 05/22
SOFR (3M) + 5.00%
1.00%
5/16/2029
GBR
GBP
    
630,571
      
932
  
(a) (b) (e)
        Foundation Risk Partners Corp
  
Revolver 1L 10/21
SOFR (3M) + 6.10%
0.38%
10/29/2027
USA
USD
    
141,750
      
55,051
  
(a) (b) (e)
        Foundation Risk Partners Corp
  
TL 1L 03/22
SOFR (3M) + 6.10%
10.68%
10/29/2028
USA
USD
    
833,827
      
814,315
  
(a) (b) (d)
        Foundation Risk Partners Corp
  
TL 1L 10/21
SOFR (3M) + 6.10%
10.68%
10/29/2028
USA
USD
    
1,332,352
      
1,301,175
  
(a) (b) (d)
        Foundation Risk Partners Corp
  
TL 1L DD 03/22
SOFR (3M) + 6.10%
4.62%
10/29/2028
USA
USD
    
3,355,421
      
1,922,618
  
(a) (b) (e)
        Foundation Risk Partners Corp
  
TL 1L DD 10/21
SOFR (3M) + 6.10%
10.68%
10/29/2028
USA
USD
    
289,772
      
282,992
  
(a) (b) (d)
        Galway Partners Holdings LLC
  
Revolver 1L 09/21
LIBOR (3M) + 5.25%
0.50%
9/30/2027
USA
USD
    
205,492
      
(41
)
(a) (b) (e)
        Galway Partners Holdings LLC
  
TL 1L 09/21
LIBOR (3M) + 5.25%
9.98%
9/29/2028
USA
USD
    
2,637,960
      
2,637,434
  
(a) (b)
        Galway Partners Holdings LLC
  
TL 1L DD 09/21
LIBOR (3M) + 5.25%
1.00%
9/29/2028
USA
USD
    
26,576
      
(5
)
(a) (b) (e)
        Integrity Marketing Group LLC
  
TL 1L DD 06/22
SOFR (6M) + 5.75%
5.24%
8/27/2025
USA
USD
    
5,573,239
      
4,518,163
  
(a) (b) (e)
        Integrity Marketing Group LLC
  
TL 1L DD 12/21
LIBOR (3M) + 6.02%
8.55%
8/27/2025
USA
USD
    
2,930,839
      
2,911,496
  
(a) (b) (d)
                                           
Internet & Direct Marketing Retail - 0.26%
                                         
        AutoScout24 GmbH
  
TL 1L B 02/20
EURIBOR (6M) + 3.25%
5.11%
3/31/2027
DEU
EUR
    
771,730
      
789,974
  
(d)
        AutoScout24 GmbH
  
TL 2L 01/20
EURIBOR (6M) + 6.25%
8.11%
3/31/2028
DEU
EUR
    
630,070
      
582,615
  
(d)
                                           
IT Consulting & Other Services - 3.47%
                                         
        3Pillar Global Inc
  
Revolver 1L 11/21
LIBOR (3M) + 6.00%
0.50%
11/23/2026
USA
USD
    
186,240
      
(6,481
)
(a) (b) (e)
        3Pillar Global Inc
  
TL 1L 11/21
LIBOR (3M) + 6.00%
10.70%
11/23/2027
USA
USD
    
1,935,958
      
1,868,587
  
(a) (b) (d)
        3Pillar Global Inc
  
TL 1L DD 11/21
LIBOR (3M) + 6.00%
2.52%
11/23/2027
USA
USD
    
620,511
      
93,586
  
(a) (b) (e)
        PSAV Inc
  
TL 1L B1 12/20
0.25% PIK, LIBOR (3M) + 3.25%
7.88%
3/3/2025
USA
USD
    
10,284,092
      
9,667,046
  
(d) (f)
        PSAV Inc
  
TL 1L B3 12/20
10.00% PIK, 5.00%
15.00%
10/15/2026
USA
USD
    
627,741
      
663,446
  
(d) (f)
        PSAV Inc
  
TL 2L 02/18
LIBOR (1M) + 7.25%
11.65%
9/1/2025
USA
USD
    
7,628,543
      
6,369,834
  
(d)
                                           
Leisure Facilities - 0.87%
                                         
        Aimbridge Acquisition Co Inc
  
TL 1L B 10/19
LIBOR (1M) + 3.75%
8.32%
2/2/2026
USA
USD
    
732,452
      
678,126
  
(d)
        United PF Holdings LLC
  
TL 1L 01/20
LIBOR (3M) + 4.00%
8.73%
12/30/2026
USA
USD
    
5,018,383
      
3,956,995
  
(d)
        United PF Holdings LLC
  
TL 1L B 06/20
LIBOR (3M) + 8.50%
13.23%
12/30/2026
USA
USD
    
55,703
      
44,562
  
(d)
                                           
Leisure Products - 2.22%
                                         
        Areas Worldwide SASU
  
TL 1L B1 06/19
EURIBOR (6M) + 4.75%
7.19%
7/1/2026
ESP
EUR
    
12,328,214
      
11,935,158
  
(d)
                                           
Life & Health Insurance - 0.57%
                                         
        Luxembourg Life Fund - Absolute Return Fund II
  
TL 1L 02/22
SOFR (3M) + 7.50%
11.05%
2/10/2027
LUX
USD
    
3,108,161
      
3,082,363
  
(b)
                                           
Life Sciences Tools & Services - 1.06%
                                         
        PAREXEL International Corp
  
TL 2L 07/21
LIBOR (1M) + 6.50%
11.07%
11/15/2029
USA
USD
    
5,766,010
      
5,682,979
  
(b) (d)
                                           
Movies & Entertainment - 0.23%
                                         
        Cast & Crew Entertainment Services LLC
  
TL 1L 01/19
LIBOR (1M) + 3.50%
8.07%
2/9/2026
USA
USD
    
1,035,758
      
1,035,323
  
(d)
        Formula One
  
TL 1L B 11/22
SOFR (1M) + 3.25%
7.81%
1/15/2030
LUX
USD
    
191,120
      
192,096
  
(d)
                                           
Oil & Gas Storage & Transportation - 0.42%
                                         
        Oryx Midstream Services LLC
  
TL 1L B 09/21
LIBOR (3M) + 3.25%
7.92%
10/5/2028
USA
USD
    
2,261,970
      
2,258,668
  
(d)
                                           
Packaged Foods & Meats - 0.27%
                                         
        Nomad Foods US LLC
  
TL 1L B 10/22
SOFR (3M) + 4.00%
8.23%
11/12/2029
USA
USD
    
944,740
      
948,613
  
(d)
        Solina France SASU
  
TL 1L 10/22
SOFR (6M) + 6.25%
10.70%
7/31/2028
FRA
USD
    
500,000
      
493,000
  
(a) (b) (d)
                                           
Personal Products - 0.14%
                                         
        Pretium Packaging LLC
  
TL 1L 09/21
LIBOR (3M) + 4.00%
8.78%
10/2/2028
USA
USD
    
65,211
      
57,599
  
(d)
        Pretium Packaging LLC
  
TL 2L 09/21
LIBOR (3M) + 6.75%
11.51%
10/1/2029
USA
USD
    
810,470
      
696,194
  
(b) (d)
                                           
Pharmaceuticals - 0.17%
                                         
        iNova Pharmaceuticals (Australia) Pty Limited
  
TL 1L B 10/22
BBSY (6M) + 6.50%
10.16%
10/30/2028
AUS
AUD
    
1,317,795
      
909,209
  
(b) (d)
        iNova Pharmaceuticals (Australia) Pty Limited
  
TL 1L DD - C 10/22
BBSY (6M) + 2.60%
2.60%
10/30/2028
AUS
AUD
    
133,689
      
(2,075
)
(b) (e)
                                           
Property & Casualty Insurance - 1.00%
                                         
        Alacrity Solutions Group LLC
  
Revolver 1L 12/21
PRIME (3M) + 4.25%
0.50%
12/22/2027
USA
USD
    
505,280
      
61,644
  
(b) (e)
        Alacrity Solutions Group LLC
  
TL 1L 12/21
LIBOR (1M) + 5.25%
9.82%
12/22/2028
USA
USD
    
5,554,361
      
5,398,838
  
(b) (d)
        Alacrity Solutions Group LLC
  
TL 1L DD 06/22
SOFR (3M) + 1.00%
1.00%
12/22/2028
USA
USD
    
2,469,245
      
(69,139
)
(b) (e)
                                           
Publishing - 0.00%
                                         
        Emerald Expositions Holding Inc
  
TL 1L B 11/17
LIBOR (1M) + 2.50%
7.07%
5/22/2024
USA
USD
    
6,076
      
5,976
  
(d)
                                           
Real Estate Operating Companies - 0.85%
                                         
        Opendoor Labs Inc
  
TL 2L DD 10/21
10.00%
10.00%
4/1/2026
USA
USD
    
4,886,391
      
4,588,322
  
(a) (b)
                                           
Real Estate Services  - 0.40%
                                         
        SitusAMC Holdings Corp
  
TL 1L 12/21
LIBOR (3M) + 5.75%
9.17%
12/22/2027
USA
USD
    
2,219,259
      
2,160,227
  
(a) (b) (d)
                                           
Research & Consulting Services - 2.51%
                                         
        Element Materials Technology Group US Holdings Inc
  
TL 1L B 03/22
EURIBOR (3M) + 4.25%
6.45%
7/6/2029
GBR
EUR
    
51,387
      
55,468
  
(d)
        Element Materials Technology Group US Holdings Inc
  
TL 1L B 04/22
SOFR (3M) + 4.35%
8.93%
6/22/2029
USA
USD
    
143,710
      
142,812
  
(d)
        Element Materials Technology Group US Holdings Inc
  
TL 1L DD - B 04/22
SOFR (3M) + 4.35%
9.06%
6/22/2029
USA
USD
    
66,328
      
65,913
  
(d)
        Element Materials Technology Group US Holdings Inc
  
TL 2L 07/22
SONIA (3M) + 7.25%
10.68%
6/24/2030
GBR
GBP
    
1,336,815
      
1,625,822
  
(b) (d)
        Element Materials Technology Group US Holdings Inc
  
TL 2L DD 06/22
SONIA (3M) + 7.25%
10.68%
6/24/2030
USA
GBP
    
413,113
      
502,425
  
(b) (d)
        Element Materials Technology Group US Holdings Inc
  
TL Unsec DD 07/22
13.08% PIK
13.08%
7/9/2031
USA
USD
    
5,658,219
      
5,388,322
  
(b) (f)
        HKA
  
TL 1L B 08/22
SOFR (3M) + 5.75%
8.74%
8/9/2029
GBR
USD
    
4,176,369
      
4,038,131
  
(b) (d)
        HKA
  
TL 1L DD (CAR) 08/22
SOFR (3M) + 5.75%
4.47%
8/9/2029
GBR
USD
    
1,318,854
      
1,044,828
  
(b) (e)
        TMF Group Holding BV
  
TL 2L 12/17
EURIBOR (3M) + 6.63%
8.80%
5/4/2026
NLD
EUR
    
693,210
      
727,051
  
(d)
                                           
Security & Alarm Services - 0.03%
                                         
        Monitronics International Inc
  
TL 1L EXIT 08/19
LIBOR (3M) + 7.50%
12.33%
3/29/2024
USA
USD
    
243,930
      
159,774
  
(d)
                                           
Specialized Consumer Services - 0.35%
                                         
        NPD Group Inc/The
  
Revolver 1L 08/22
SOFR (3M) + 5.75%
0.50%
12/1/2027
USA
USD
    
51,095
      
7,153
  
(a) (b) (e)
        NPD Group Inc/The
  
TL 1L 08/22
2.75% PIK, SOFR (3M) + 6.25%
10.61%
12/1/2028
USA
USD
    
960,340
      
979,547
  
(a) (b) (d) (f) (h)
        SavATree LLC
  
Revolver 1L 10/21
LIBOR (3M) + 5.25%
0.38%
10/12/2028
USA
USD
    
128,932
      
(1,264
)
(a) (b) (e)
        SavATree LLC
  
TL 1L 10/21
LIBOR (3M) + 5.25%
9.98%
10/12/2028
USA
USD
    
915,871
      
906,897
  
(a) (b)
        SavATree LLC
  
TL 1L DD 10/21
LIBOR (3M) + 5.25%
1.23%
10/12/2028
USA
USD
    
81,228
      
5,393
  
(a) (b) (e)
                                           
Specialized Finance - 0.03%
                                         
        Bankers Healthcare Group LLC
  
TL 1L DD 11/22
SOFR (1M) + 3.93%
7.90%
11/8/2027
USA
USD
    
140,740
      
144,695
  
(a) (b)
                                           
Specialized REITs  - 0.60%
                                         
        Pretium Partners LLC P2
  
TL 1L 12/21
11.00%
11.00%
12/16/2029
USA
USD
    
3,270,612
      
3,205,200
  
(a) (b) (d)
                                           
Specialty Chemicals - 3.46%
                                         
        Aruba Investments Inc
  
TL 2L 10/20
LIBOR (1M) + 7.75%
12.30%
11/24/2028
USA
USD
    
465,220
      
422,962
  
(d)
        Flint Group GmbH
  
TL 1L 01/17
0.75% PIK, LIBOR (3M) + 4.25%
0.75%
9/21/2023
USA
USD
    
1,169,530
      
792,772
  
(a) (f)
        Flint Group GmbH
  
TL 1L B 04/14
0.75% PIK, EURIBOR (3M) + 4.25%
0.75%
9/21/2023
DEU
EUR
    
3,505,793
      
2,554,343
  
(a) (f)
        Flint Group GmbH
  
TL 1L B3 05/15
0.75% PIK, EURIBOR (3M) + 4.25%
0.75%
9/21/2023
DEU
EUR
    
71,892
      
52,381
  
(a) (f)
        Flint Group GmbH
  
TL 1L B4 11/15
0.75% PIK, EURIBOR (3M) + 4.25%
0.75%
9/21/2023
DEU
EUR
    
622,598
      
453,628
  
(a) (f)
        Flint Group GmbH
  
TL 1L B5 02/17
0.75% PIK, EURIBOR (3M) + 4.25%
0.75%
9/21/2023
DEU
EUR
    
456,770
      
332,805
  
(a) (f)
        Flint Group GmbH
  
TL 1L B6 03/17
0.75% PIK, EURIBOR (3M) + 4.25%
0.75%
9/21/2023
DEU
EUR
    
35,894
      
26,152
  
(a) (f)
        Flint Group GmbH
  
TL 1L B7 04/14
0.75% PIK, EURIBOR (3M) + 4.25%
0.75%
9/21/2023
DEU
EUR
    
79,627
      
58,017
  
(a) (f)
        Flint Group GmbH
  
TL 1L C 04/14
0.75% PIK, LIBOR (3M) + 4.50%
0.75%
9/21/2023
USA
USD
    
194,162
      
131,613
  
(a) (f)
        Vantage Specialty Chemicals Inc
  
TL 1L B 10/17
LIBOR (3M) + 3.50%
8.28%
10/28/2024
USA
USD
    
13,042,338
      
12,921,435
  
(d)
        Vantage Specialty Chemicals Inc
  
TL 2L 10/17
LIBOR (3M) + 8.25%
12.98%
10/27/2025
USA
USD
    
1,045,139
      
983,899
  
(d)
                                           
Trading Companies & Distributors - 0.17%
                                         
        Radwell International LLC/PA
  
Revolver 1L 04/22
SOFR (3M) + 6.63%
0.38%
4/1/2028
USA
USD
    
68,154
      
-
  
(a) (b) (e)
        Radwell International LLC/PA
  
TL 1L 04/22
SOFR (3M) + 6.63%
10.18%
4/1/2029
USA
USD
    
24,298
      
24,198
  
(a) (b) (d)
        Radwell International LLC/PA
  
TL 1L 12/22
SOFR (3M) + 6.75%
11.33%
4/1/2029
USA
USD
    
908,726
      
916,178
  
(a) (b) (d)
                                           
Trucking - 0.43%
                                         
        Kenan Advantage Group Inc/The
  
TL 2L 08/21
LIBOR (1M) + 7.25%
11.82%
9/1/2027
USA
USD
    
2,498,320
      
2,335,929
  
(d)
TOTAL LEVERAGED LOANS (Amortized cost $388,248,923)
                        
$
364,091,193
    
                                           
High Yield Securities - 50.56%
                                         
                                           
Aerospace & Defense - 0.73%
                                         
        Ultra Electronics Holdings PLC
  
7.25%01/2030
    
  1/31/2030
USA
USD
    
2,162,000
    
$
2,021,470
  
(a) (b)
        Ultra Electronics Holdings PLC
  
9.0% PIK 01/2031
    
  1/31/2031
USA
USD
    
2,000,179
      
1,868,967
  
(a) (b) (f)
                                           
Airlines - 1.56%
                                         
        American Airlines Group Inc
  
3.750% 03/2025
    
  3/1/2025
USA
USD
    
8,971,000
      
8,413,793
  
(d) (h)
                                           
Alternative Carriers - 0.91%
                                         
        Zayo Group LLC
  
6.125% 03/2028
    
  3/1/2028
USA
USD
    
7,145,000
      
4,923,512
  
(d) (h)
                                           
Apparel, Accessories & Luxury Goods - 0.44%
                                         
        Varsity Brands Inc
  
L+8.000% 12/2024
    
  12/22/2024
USA
USD
    
2,387,000
      
2,387,000
  
(b) (d) (h)
                                           
Application Software - 2.11%
                                         
        Cision Ltd
  
9.500% 02/2028
    
  2/15/2028
USA
USD
    
10,042,000
      
3,870,006
  
(d) (h)
        TeamSystem SpA
  
6.250% 02/2028
    
  2/15/2028
ITA
EUR
    
496,000
      
547,608
  
(b) (d) (h)
        TIBCO Software Inc
  
6.500% 03/2029
    
  3/31/2029
USA
USD
    
7,917,000
      
6,958,441
  
(d) (h)
                                           
Auto Parts & Equipment - 0.76%
                                         
        Wheel Pros Inc
  
6.500% 05/2029
    
  5/15/2029
USA
USD
    
10,121,000
      
4,096,566
  
(d) (h)
                                           
Automobile Manufacturers - 0.26%
                                         
        Thor Industries Inc
  
4.000% 10/2029
    
  10/15/2029
USA
USD
    
1,664,000
      
1,385,729
  
(d) (h)
                                           
Automotive Retail - 1.58%
                                         
        Mavis Discount Tire Inc
  
6.500% 05/2029
    
  5/15/2029
USA
USD
    
9,975,000
      
8,515,009
  
(d) (h)
                                           
Broadcasting - 1.24%
                                         
        Spotify USA Inc
  
0.000% 03/2026
    
  3/15/2026
USA
USD
    
7,930,000
      
6,653,270
  
(d) (g)
                                           
Building Products - 8.70%
                                         
        Acproducts Inc (aka Cabinetworks)
  
6.375% 05/2029
    
  5/15/2029
USA
USD
    
17,269,000
      
10,548,527
  
(d) (h)
        Cornerstone (Ply Gem Holdings Inc)
  
8.750% 08/2028
    
  8/1/2028
USA
USD
    
1,826,000
      
1,719,179
  
(d) (h)
        LBM Borrower LLC
  
6.250% 01/2029
    
  1/15/2029
USA
USD
    
8,694,000
      
6,619,612
  
(d) (h)
        LBM Borrower LLC
  
7.750% 04/2027
    
  4/1/2027
USA
USD
    
5,183,000
      
3,894,195
  
(d) (h)
        Oldcastle Buildingenvelope Inc
  
9.500% 04/2030
    
  4/15/2030
USA
USD
    
152,000
      
136,231
  
(d) (h)
        Patrick Industries Inc
  
1.750% 12/2028
    
  12/1/2028
USA
USD
    
603,000
      
545,715
  
(d)
        Patrick Industries Inc
  
4.750% 05/2029
    
  5/1/2029
USA
USD
    
1,222,000
      
1,046,325
  
(d) (h)
        PrimeSource Building Products Inc
  
5.625% 02/2029
    
  2/1/2029
USA
USD
    
7,169,000
      
5,011,346
  
(d) (h)
        PrimeSource Building Products Inc
  
6.750% 08/2029
    
  8/1/2029
USA
USD
    
4,981,000
      
3,542,886
  
(d) (h)
        SRS Distribution Inc
  
6.000% 12/2029
    
  12/1/2029
USA
USD
    
8,573,000
      
7,335,530
  
(d) (h)
        SRS Distribution Inc
  
6.125% 07/2029
    
  7/1/2029
USA
USD
    
7,529,000
      
6,484,464
  
(d) (h)
                                           
Cable & Satellite - 1.64%
                                         
        Cablevision Lightpath LLC
  
5.625% 09/2028
    
  9/15/2028
USA
USD
    
811,000
      
623,432
  
(d) (h)
        CSC Holdings LLC (Altice USA)
  
5.000% 11/2031
    
  11/15/2031
USA
USD
    
2,754,000
      
1,655,719
  
(d) (h)
        CSC Holdings LLC (Altice USA)
  
5.750% 01/2030
    
  1/15/2030
USA
USD
    
5,101,000
      
3,220,134
  
(d) (h)
        RCN Grande (Radiate)
  
6.500% 09/2028
    
  9/15/2028
USA
USD
    
6,272,000
      
3,275,960
  
(d) (h)
                                           
Commercial Printing - 0.87%
                                         
        Multi-Color Corp
  
10.5007% 0/2027
    
  7/15/2027
USA
USD
    
4,551,000
      
4,335,419
  
(d) (h)
        Multi-Color Corp
  
8.250% 11/2029
    
  11/1/2029
USA
USD
    
396,000
      
332,888
  
(d) (h)
                                           
Commodity Chemicals - 0.42%
                                         
        SI Group Inc
  
6.750% 05/2026
    
  5/15/2026
USA
USD
    
4,943,000
      
2,235,571
  
(d) (h)
                                           
Construction & Engineering - 0.45%
                                         
        Maxim Crane Works LP / Maxim Finance Corp
  
10.125% 08/2024
    
  8/1/2024
USA
USD
    
2,483,000
      
2,401,103
  
(d) (h)
                                           
Data Processing & Outsourced Services - 0.11%
                                         
        Xerox Business Services /Conduent
  
6.000% 11/2029
    
  11/1/2029
USA
USD
    
673,000
      
596,625
  
(d) (h)
                                           
Department Stores - 0.00%
                                         
        JC Penney Corp Inc
  
8.625% 03/2025
    
  3/15/2025
USA
USD
    
97,819
      
-
  
(b) (c) (h)
                                           
Electronic Components - 1.75%
                                         
        CommScope Inc
  
6.000% 06/2025
    
  6/15/2025
USA
USD
    
7,686,000
      
7,287,635
  
(d) (h)
        CommScope Inc
  
7.125% 07/2028
    
  7/1/2028
USA
USD
    
2,770,000
      
2,173,469
  
(d) (h)
                                           
Health Care Equipment - 1.10%
                                         
        Haemonetics Corp
  
0.000% 03/2026
    
  3/1/2026
USA
USD
    
6,892,000
      
5,914,025
  
(g)
                                           
Health Care Facilities - 1.54%
                                         
        AHP Health Partners Inc
  
5.750% 07/2029
    
  7/15/2029
USA
USD
    
109,000
      
89,806
  
(d) (h)
        CHS/Community Health Systems, Inc.
  
6.125% 04/2030
    
  4/1/2030
USA
USD
    
2,234,000
      
1,346,048
  
(d) (h)
        CHS/Community Health Systems, Inc.
  
6.875% 04/2028
    
  4/1/2028
USA
USD
    
3,254,000
      
1,996,638
  
(d) (h)
        CHS/Community Health Systems, Inc.
  
6.875% 04/2029
    
  4/15/2029
USA
USD
    
599,000
      
379,796
  
(d) (h)
        LifePoint Hospitals Inc
  
5.375% 01/2029
    
  1/15/2029
USA
USD
    
6,718,000
      
4,495,793
  
(d) (h)
                                           
Health Care Technology - 0.44%
                                         
        athenahealth Inc
  
6.500% 02/2030
    
  2/15/2030
USA
USD
    
2,859,000
      
2,372,332
  
(d) (h)
                                           
Hotels, Resorts & Cruise Lines - 7.76%
                                         
        Carnival Corp
  
5.750% 03/2027
    
  3/1/2027
USA
USD
    
12,193,000
      
10,137,382
  
(d) (h)
        Carnival Corp
  
6.000% 05/2029
    
  5/1/2029
USA
USD
    
6,033,000
      
4,773,641
  
(d) (h)
        NCL Corp Ltd
  
1.125% 02/2027
    
  2/15/2027
USA
USD
    
3,608,000
      
2,769,140
  
(d)
        NCL Corp Ltd
  
3.625% 12/2024
    
  12/15/2024
USA
USD
    
9,263,000
      
8,707,868
  
(d) (h)
        NCL Corp Ltd
  
6.125% 03/2028
    
  3/15/2028
USA
USD
    
833,000
      
678,066
  
(d) (h)
        Royal Caribbean Cruises Ltd
  
11.625% 08/2027
    
  8/15/2027
USA
USD
    
362,000
      
384,625
  
(d) (h)
        Royal Caribbean Cruises Ltd
  
5.500% 04/2028
    
  4/1/2028
USA
USD
    
8,085,000
      
6,963,772
  
(d) (h)
        Viking Cruises Ltd
  
5.875% 09/2027
    
  9/15/2027
USA
USD
    
3,008,000
      
2,566,997
  
(d) (h)
        Viking Cruises Ltd
  
7.000% 02/2029
    
  2/15/2029
USA
USD
    
5,473,000
      
4,768,652
  
(d) (h)
                                           
Industrial Conglomerates - 0.79%
                                         
        Unifrax I LLC / Unifrax Holding Co
  
5.250% 09/2028
    
  9/30/2028
USA
USD
    
3,573,000
      
3,065,559
  
(d) (h)
        Unifrax I LLC / Unifrax Holding Co
  
7.500% 09/2029
    
  9/30/2029
USA
USD
    
1,674,000
      
1,207,642
  
(d) (h)
                                           
Industrial Machinery - 1.99%
                                         
        SPX FLOW Inc
  
8.750% 04/2030
    
  4/1/2030
USA
USD
    
13,032,000
      
10,743,424
  
(d) (h)
                                           
Insurance Brokers - 2.85%
                                         
        Hub International Ltd
  
5.625% 12/2029
    
  12/1/2029
USA
USD
    
1,888,000
      
1,691,774
  
(d) (h)
        National Financial Partners Corp
  
6.875% 08/2028
    
  8/15/2028
USA
USD
    
15,791,000
      
13,673,506
  
(d) (h)
                                           
Integrated Oil & Gas - 0.71%
                                         
        Occidental Petroleum Corp
  
4.100% 02/2047
    
  2/15/2047
USA
USD
    
2,828,000
      
2,262,400
  
(d)
        Occidental Petroleum Corp
  
4.200% 03/2048
    
  3/15/2048
USA
USD
    
2,001,000
      
1,583,784
  
(d)
                                           
Leisure Facilities - 2.14%
                                         
        Life Time Fitness Inc
  
5.750% 01/2026
    
  1/15/2026
USA
USD
    
157,000
      
151,087
  
(d) (h)
        Merlin Entertainments PLC
  
4.500% 11/2027
    
  11/15/2027
IRL
EUR
    
4,898,000
      
4,693,096
  
(d) (h)
        Merlin Entertainments PLC
  
6.625% 11/2027
    
  11/15/2027
IRL
USD
    
7,389,000
      
6,698,099
  
(d) (h)
                                           
Oil & Gas Storage & Transportation - 3.25%
                                         
        Genesis Energy
  
6.500% 10/2025
    
  10/1/2025
USA
USD
    
8,199,000
      
8,065,766
  
(d)
        Genesis Energy
  
8.875% 04/2030
    
  4/15/2030
USA
USD
    
2,175,000
      
2,213,041
  
(d)
        NGL Energy Partners LP / NGL Energy Finance Corp
  
7.500% 02/2026
    
  2/1/2026
USA
USD
    
7,609,000
      
7,236,760
  
(d) (h)
                                           
Real Estate Services  - 0.83%
                                         
        Redfin Corp
  
0.000% 10/2025
    
  10/15/2025
USA
USD
    
6,764,000
      
4,489,605
  
(d) (g)
                                           
Restaurants - 0.20%
                                         
        Golden Nugget Inc.
  
6.750
    
  1/15/2030
USA
USD
    
1,317,000
      
1,094,717
  
(d) (h)
                                           
Security & Alarm Services - 0.10%
                                         
        Verisure Holding AB
  
3.875% 07/2026
    
  7/15/2026
SWE
EUR
    
534,000
      
539,141
  
(d) (h)
                                           
Specialty Stores - 2.54%
                                         
        Douglas Holding AG
  
6.000% 04/2026
    
  4/8/2026
DEU
EUR
    
8,654,000
      
8,166,169
  
(d) (h)
        Douglas Holding AG
  
8.250% 10/2026
    
  10/1/2026
DEU
EUR
    
7,204,814
      
5,519,580
  
(d) (h)
                                           
Technology Hardware, Storage & Peripherals - 0.11%
                                         
        Lenovo Group Ltd
  
10.50% 09/2024 Class D
    
  9/30/2024
HKG
EUR
    
90,524
      
98,379
  
(a) (b)
        Lenovo Group Ltd
  
10.50% 09/2024 Class D
    
  9/30/2024
HKG
GBP
    
20,573
      
25,353
  
(a) (b)
        Lenovo Group Ltd
  
10.50% 09/2024 Class D
    
  9/30/2024
HKG
USD
    
117,599
      
117,611
  
(a) (b)
        Lenovo Group Ltd
  
6.50% 09/2024 Class C
    
  9/30/2024
HKG
EUR
    
125,603
      
136,502
  
(a) (b)
        Lenovo Group Ltd
  
6.50% 09/2024 Class C
    
  9/30/2024
HKG
GBP
    
28,545
      
35,177
  
(a) (b)
        Lenovo Group Ltd
  
6.50% 09/2024 Class C
    
  9/30/2024
HKG
USD
    
163,170
      
163,186
  
(a) (b)
                                           
Trading Companies & Distributors - 0.68%
                                         
        TruckPro LLC
  
11.000% 10/2024
    
  10/15/2024
USA
USD
    
3,746,000
      
3,658,688
  
(d) (h)
TOTAL HIGH YIELD SECURITIES (Amortized cost $334,089,407)
                    
$
272,337,963
    
                                           
Asset Backed Securities - 9.50%
                                         
                                           
Diversified Real Estate Activities  - 0.01%
                                         
        Connecticut Avenue Securities Trust 2022-R07
  
CAS 2022-R07 1B1
SOFR (3M) + 6.80%
11.11%
6/25/2042
USA
USD
    
43,510
    
$
46,373
  
(h)
                                           
Specialized Finance - 9.49%
                                         
        Accunia European CLO III DAC
  
ACCUN 3A C
EURIBOR (3M) + 1.90%
4.24%
1/20/2031
IRL
EUR
    
302,000
      
306,020
  
(b) (h)
        Adagio IX EUR CLO DAC
  
ADAGI IX-A B1
EURIBOR (3M) + 1.70%
3.75%
9/15/2034
IRL
EUR
    
716,000
      
737,827
  
(b) (h)
        AGL CLO 7 Ltd
  
AGL 2020-7A ER
LIBOR (3M) + 6.35%
11.18%
7/15/2034
USA
USD
    
1,187,688
      
1,060,558
  
(b) (h)
        Aimco CDO
  
AIMCO 2021-16A E
LIBOR (3M) + 6.20%
11.03%
1/17/2035
USA
USD
    
1,075,210
      
991,231
  
(b) (h)
        ALM Loan Funding Ltd
  
ALM 2020-1A D
LIBOR (3M) + 6.00%
10.83%
10/15/2029
USA
USD
    
865,360
      
792,040
  
(b) (h)
        Arbour CLO II DAC
  
ARBR 2014-2A B1RR
EURIBOR (3M) + 1.50%
3.79%
4/15/2034
IRL
EUR
    
1,099,000
      
1,124,778
  
(b) (h)
        Arbour CLO IV DAC
  
ARBR 4A BRR
EURIBOR (3M) + 1.30%
3.59%
4/15/2034
IRL
EUR
    
724,000
      
738,870
  
(b) (h)
        Arbour CLO IV DAC
  
ARBR 4A CRR
EURIBOR (3M) + 2.05%
4.34%
4/15/2034
IRL
EUR
    
408,000
      
407,360
  
(b) (h)
        ARES CLO Ltd
  
ARESE 15A E
EURIBOR (3M) + 6.11%
8.40%
1/15/2036
IRL
EUR
    
879,000
      
808,477
  
(b) (h)
        Ares LXV CLO Ltd
  
ARES 2022-65A E
SOFR (3M) + 7.10%
11.76%
7/25/2034
USA
USD
    
1,078,040
      
950,718
  
(b) (h)
        Avondale Park CLO DAC
  
AVDPK 1A CR
EURIBOR (3M) + 2.20%
4.25%
9/20/2034
IRL
EUR
    
400,000
      
401,346
  
(b) (h)
        Ballyrock CDO Ltd
  
BALLY 2020-14A D
LIBOR (3M) + 7.00%
11.81%
1/20/2034
USA
USD
    
250,000
      
234,391
  
(b) (h)
        Ballyrock CLO Ltd
  
BALLY 2019-1A DR
LIBOR (3M) + 6.75%
11.58%
7/15/2032
USA
USD
    
431,180
      
405,989
  
(b) (h)
        Barings Euro CLO 2020-1 DAC
  
BABSE 2020-1A BR
EURIBOR (3M) + 1.75%
4.14%
10/21/2034
IRL
EUR
    
1,898,750
      
1,966,753
  
(b) (h)
        Bbam US Clo I Ltd
  
BBAM 2022-1A D
SOFR (3M) + 6.80%
11.46%
4/15/2035
USA
USD
    
1,285,000
      
1,157,495
  
(b) (h)
        Broad River BSL Funding CLO
  
BDRVR 2020-1A ER
LIBOR (3M) + 6.50%
11.31%
7/20/2034
USA
USD
    
1,500,000
      
1,471,692
  
(b) (h)
        Capital Four US CLO Ltd
  
C4US 2022-1A D
SOFR (3M) + 5.36%
9.03%
10/20/2030
USA
USD
    
363,664
      
355,565
  
(b) (h)
        Carlyle Global Market Strategies
  
CGMS 2020-2A DR
LIBOR (3M) + 6.70%
11.52%
1/25/2035
USA
USD
    
640,460
      
601,995
  
(b) (h)
        Carlyle Global Market Strategies
  
CGMS 2021-8A E
LIBOR (3M) + 6.50%
11.33%
10/15/2034
USA
USD
    
370,690
      
327,660
  
(b) (h)
        Carlyle Global Market Strategies
  
CGMS 2021-9A E Mtge
LIBOR (3M) + 6.63%
11.44%
10/20/2034
USA
USD
    
819,560
      
726,100
  
(b) (h)
        CarVal CLO
  
CARVL 2021-1A E
LIBOR (3M) + 6.60%
11.41%
7/20/2034
USA
USD
    
2,000,000
      
1,883,748
  
(b) (h)
        CarVal CLO
  
CARVL 2021-2A E
LIBOR (3M) + 6.75%
11.58%
10/15/2034
USA
USD
    
446,919
      
426,630
  
(b) (h)
        CIFC European Funding CLO IV DAC
  
CIFCE 4A C
EURIBOR (3M) + 2.10%
4.43%
8/18/2035
IRL
EUR
    
1,088,000
      
1,108,898
  
(b) (h)
        CIFC Funding Ltd
  
CIFC 2021-7A E
LIBOR (3M) + 6.35%
11.17%
1/23/2035
USA
USD
    
644,186
      
582,244
  
(b) (h)
        Connecticut Avenue Securities Trust 2022-R08
  
CAS 2022-R08 1B1
SOFR (3M) + 5.60%
9.91%
7/25/2042
USA
USD
    
29,425
      
30,180
  
(h)
        CVC Cordatus Loan Fund IV DAC
  
CORDA 4A CRRR
EURIBOR (3M) + 2.10%
3.92%
2/22/2034
IRL
EUR
    
291,000
      
292,849
  
(b) (h)
        CVC Cordatus Loan Fund XVIII DAC
  
CORDA 18A ER
EURIBOR (3M) + 6.06%
8.54%
7/29/2034
IRL
EUR
    
1,198,000
      
1,081,408
  
(b) (h)
        Dryden Senior Loan Fund
  
DRSLF 2021-92A E
LIBOR (3M) + 6.50%
11.18%
11/20/2034
USA
USD
    
463,342
      
398,617
  
(b) (h)
        Eaton Vance CDO Ltd
  
EATON 2020-2A ER
LIBOR (3M) + 6.50%
11.33%
1/15/2035
USA
USD
    
510,460
      
472,452
  
(b) (h)
        Elmwood CLO
  
ELMW5 2020-2A ER
LIBOR (3M) + 6.10%
10.91%
10/20/2034
USA
USD
    
1,500,000
      
1,397,088
  
(b) (h)
        Elmwood CLO VI Ltd
  
ELMW6 2020-3A ER
LIBOR (3M) + 6.50%
11.31%
10/20/2034
USA
USD
    
558,701
      
548,190
  
(b) (h)
        Goldentree Loan Management US Clo 12 Ltd
  
GLM 2022-12A E
SOFR (3M) + 7.25%
11.89%
4/20/2034
USA
USD
    
291,777
      
270,222
  
(b) (h)
        Golub Capital Partners CLO Ltd
  
GCBSL 2021-58A E
LIBOR (3M) + 6.81%
11.63%
1/25/2035
USA
USD
    
549,013
      
517,791
  
(b) (h)
        Guardia 1 Ltd
  
GUARD 2019-1A D
7.11%
7.11%
10/20/2037
USA
USD
    
1,550,000
      
1,261,265
  
(b) (h)
        Gulf Stream Meridian
  
GSM 2021-6A D
LIBOR (3M) + 6.36%
11.19%
1/15/2037
USA
USD
    
1,118,253
      
1,026,022
  
(b) (h)
        Harvest CLO VIII DAC
  
HARVT 8A CRR
EURIBOR (3M) + 1.65%
3.94%
1/15/2031
IRL
EUR
    
302,000
      
307,718
  
(b) (h)
        Harvest CLO XXI DAC
  
HARVT 21A DR
EURIBOR (3M) + 3.40%
5.69%
7/15/2031
IRL
EUR
    
602,000
      
594,015
  
(b) (h)
        Henley CLO III DAC
  
HNLY 3A CR
EURIBOR (3M) + 2.30%
4.75%
12/25/2035
IRL
EUR
    
638,000
      
628,269
  
(b) (h)
        Kayne CLO 7 Ltd
  
KAYNE 2020-1A E
LIBOR (3M) + 6.50%
11.29%
4/17/2033
USA
USD
    
310,460
      
291,186
  
(b) (h)
        Madison Park Funding LIX Ltd
  
MDPK 2021-59A E
LIBOR (3M) + 6.60%
11.39%
1/18/2034
USA
USD
    
814,787
      
769,155
  
(b) (h)
        Madison Park Funding Ltd
  
MDPK 2021-52A E
LIBOR (3M) + 6.50%
11.32%
1/22/2035
USA
USD
    
742,891
      
697,657
  
(b) (h)
        Madison Park Funding XLV Ltd
  
MDPK 2020-45A ER
LIBOR (3M) + 6.35%
11.18%
7/15/2034
USA
USD
    
429,000
      
394,964
  
(b) (h)
        Man GLG Euro CLO I DAC
  
GLGE 1A CRR
EURIBOR (3M) + 1.60%
3.89%
10/15/2030
IRL
EUR
    
704,000
      
717,736
  
(b) (h)
        Morgan Stanley Eaton Vance CLO Ltd
  
MSEV 2021-1A E
LIBOR (3M) + 6.75%
11.57%
10/20/2034
USA
USD
    
520,000
      
462,488
  
(b) (h)
        Neuberger Berman CLO Ltd
  
NEUB 2021-46A E
LIBOR (3M) + 6.25%
11.06%
1/20/2036
USA
USD
    
1,067,761
      
987,268
  
(b) (h)
        Neuberger Berman Loan Advisers Euro CLO 2 DAC
  
NEUBE 2021-2A C
EURIBOR (3M) + 2.20%
4.49%
4/15/2034
IRL
EUR
    
449,000
      
453,208
  
(b) (h)
        Oak Hill Credit Partners
  
OAKC 2021-10A E
LIBOR (3M) + 6.25%
11.04%
1/18/2036
USA
USD
    
497,312
      
459,626
  
(b) (h)
        Otranto Park
  
OTOPK 1A B
EURIBOR (3M) + 2.15%
3.95%
5/15/2035
IRL
EUR
    
708,000
      
739,398
  
(b) (h)
        Otranto Park
  
OTOPK 1A E
EURIBOR (3M) + 7.05%
8.85%
5/15/2035
IRL
EUR
    
428,000
      
420,929
  
(b) (h)
        Palmer Square CLO Ltd
  
PFIXD 2019-1A E
7.11%
7.11%
4/20/2037
USA
USD
    
930,641
      
781,413
  
(b) (h)
        Palmer Square European CLO 2021-2 DAC
  
PLMER 2021-2A C
EURIBOR (3M) + 2.07%
4.36%
4/15/2035
IRL
EUR
    
1,429,000
      
1,436,072
  
(b) (h)
        Pikes Peak CLO
  
PIPK 2021-9A E
LIBOR (3M) + 6.58%
11.39%
10/27/2034
USA
USD
    
405,000
      
368,357
  
(b) (h)
        Post CLO
  
POST 2021-1A E
LIBOR (3M) + 6.45%
11.28%
10/15/2034
USA
USD
    
250,000
      
237,729
  
(b) (h)
        PPM CLO 4 Ltd
  
PPMC 2020-4A ER
LIBOR (3M) + 6.50%
11.29%
10/18/2034
USA
USD
    
332,741
      
291,641
  
(b) (h)
        Providus CLO IV DAC
  
PRVD 4A CR
EURIBOR (3M) + 2.20%
4.54%
4/20/2034
IRL
EUR
    
668,000
      
668,952
  
(b) (h)
        Rad CLO Ltd
  
RAD 2021-14A E
LIBOR (3M) + 6.50%
11.33%
1/15/2035
USA
USD
    
335,000
      
305,072
  
(b) (h)
        Rad CLO Ltd
  
RAD 2021-15A E
LIBOR (3M) + 6.20%
11.01%
1/20/2034
USA
USD
    
928,117
      
857,374
  
(b) (h)
        REESE PARK CLO LTD
  
RESPK 2020-1A ER
LIBOR (3M) + 6.50%
11.33%
10/15/2034
USA
USD
    
1,375,020
      
1,204,293
  
(b) (h)
        Regatta Funding Ltd
  
REG21 2021-3A E
LIBOR (3M) + 6.75%
11.56%
10/20/2034
USA
USD
    
321,680
      
302,636
  
(b) (h)
        Regatta Funding Ltd
  
REG23 2021-4A E
LIBOR (3M) + 6.70%
11.51%
1/20/2035
USA
USD
    
804,000
      
753,204
  
(b) (h)
        Regatta XX Funding Ltd
  
REG20 2021-2A E
LIBOR (3M) + 6.25%
11.08%
10/15/2034
USA
USD
    
208,000
      
202,599
  
(b) (h)
        Rockford Tower Europe CLO 2018-1 DAC
  
RFTE 2018-1A C
EURIBOR (3M) + 2.47%
4.52%
12/20/2031
IRL
EUR
    
402,000
      
420,866
  
(b) (h)
        RRE 1 Loan Management DAC
  
RRME 1A A2R
EURIBOR (3M) + 1.35%
3.64%
4/15/2035
IRL
EUR
    
358,000
      
365,496
  
(b) (h)
        Sand Trust 2001-1
  
SAND 2021-1A E
LIBOR (3M) + 6.80%
10.88%
10/15/2034
USA
USD
    
643,000
      
581,770
  
(b) (h)
        Sculptor European CLO I DAC
  
OZLME 1A CRR
EURIBOR (3M) + 2.30%
4.63%
4/18/2034
IRL
EUR
    
631,000
      
635,630
  
(b) (h)
        Segovia European CLO 5-2018 DAC
  
SEGOV 2018-5A C
EURIBOR (3M) + 1.90%
4.23%
10/18/2031
IRL
EUR
    
442,000
      
452,447
  
(b) (h)
        Segovia European CLO 6-2019 DAC
  
SEGOV 2019-6A C1R
EURIBOR (3M) + 2.35%
4.69%
7/20/2032
IRL
EUR
    
408,000
      
424,172
  
(b) (h)
        SG Residential Mortgage Trust 2022-2
  
SGR 2022-2 B1
5.35%
5.35%
8/25/2062
USA
USD
    
57,502
      
49,022
  
(h)
        Sound Point CLO Ltd
  
SNDPT 2021-1A E
LIBOR (3M) + 6.85%
11.67%
4/25/2034
USA
USD
    
290,000
      
241,425
  
(b) (h)
        Sound Point Euro CLO
  
SNDPE 2A ER
EURIBOR (3M) + 6.34%
8.73%
1/26/2036
IRL
EUR
    
500,000
      
461,959
  
(b) (h)
        St Paul’s CLO VII DAC
  
SPAUL 7A B1RR
EURIBOR (3M) + 1.65%
3.98%
7/18/2034
IRL
EUR
    
856,000
      
878,072
  
(b) (h)
        Symphony CLO Ltd
  
SYMP 2020-22A E
LIBOR (3M) + 6.25%
11.04%
4/18/2033
USA
USD
    
598,680
      
556,133
  
(b) (h)
        TICP CLO Ltd
  
TICP 2017-9A E
LIBOR (3M) + 5.60%
10.41%
1/20/2031
USA
USD
    
738,460
      
669,872
  
(b) (h)
        Tikehau CLO DAC
  
TIKEH 2015-1A DRR EUR
EURIBOR (3M) + 3.40%
5.13%
8/4/2034
IRL
EUR
    
637,000
      
635,443
  
(b) (h)
        Tikehau CLO V DAC
  
TIKEH 5A D1
EURIBOR (3M) + 3.90%
6.19%
4/15/2032
IRL
EUR
    
301,000
      
302,325
  
(b) (h)
        Trinitas Euro CLO II DAC
  
TRNTE 2A ER
EURIBOR (3M) + 7.23%
8.61%
4/15/2035
IRL
EUR
    
1,770,566
      
1,772,026
  
(b) (h)
        Voya Euro CLO II DAC
  
VOYE 2A CR
EURIBOR (3M) + 2.15%
4.44%
7/15/2035
IRL
EUR
    
378,000
      
386,249
  
(b) (h)
TOTAL ASSET BACKED SECURITIES (Amortized cost $53,073,618)
                    
$
51,076,708
    
                                           
Issuer
  
Asset
    
Maturity Date
Country
Currency
  
Shares
    
Fair Value
  
Footnotes
Equity & Other Investments - 6.59%
                                         
                                           
Aerospace & Defense - 0.08%
                                         
        Altitude II
  
Private Equity
      
   CYM
USD
    
185,733
    
$
185,326
  
(b)
        Ultra Electronics Holdings PLC
  
Private Equity
      
   GBR
USD
    
43,729
      
41,779
  
(a) (b)
        Ultra Electronics Holdings PLC
  
Private Equity
      
   GBR
USD
    
23,486,307
      
237,212
  
(a) (b)
                                           
Application Software - 1.19%
                                         
        Med-Metrix
  
Common Stock
      
   USA
USD
    
597
      
66,284
  
(a) (b) (c)
        Med-Metrix
  
8.00% 12/2050 PIK Pref Equity
    
  12/16/2050
USA
USD
    
597
      
29,862
  
(a) (b) (f)
        TIBCO Software Inc
  
12.00% Pref Equity
    
  12/31/2069
USA
USD
    
6,451
      
6,275,743
  
(b) (d) (f)
                                           
Diversified Metals & Mining - 0.04%
                                         
        Foresight Energy LLC
  
Common Stock
      
   USA
USD
    
17,979
      
214,388
  
(a) (b) (c)
                                           
Diversified Real Estate Activities  - 0.04%
                                         
        KKR Residential Opportunities I LLC
  
Private Equity
      
   USA
USD
    
229,576
      
220,064
  
(b)
                                           
Diversified Support Services - 0.01%
                                         
        Magna Legal Services LLC
  
Common Stock
      
   USA
USD
    
618
      
61,808
  
(a) (b) (c)
                                           
Food Distributors - 0.01%
                                         
        Lipari Foods LLC
  
Common Stock
      
   USA
USD
    
63,878
      
61,693
  
(b) (c)
                                           
Health Care Services - 0.19%
                                         
        Affordable Care Inc
  
11.75% 12/2069 PIK Pref Equity
    
  12/31/2069
USA
USD
    
677,000
      
695,279
  
(a) (b) (f)
        American Vision Partners
  
Private Equity
      
   USA
USD
    
53,939
      
44,737
  
(a) (b)
        Amerivet Partners Management Inc
  
11.50% 12/2059 Pref Equity PIK
    
  12/31/2059
USA
USD
    
298
      
277,198
  
(a) (b) (f)
                                           
Health Care Technology - 2.33%
                                         
        athenahealth Inc
  
Private Equity
      
   USA
USD
    
12,641,498
      
12,572,349
  
(b)
                                           
Hotels, Resorts & Cruise Lines - 0.67%
                                         
        Hilton Grand Vacations Inc
  
Common Stock
      
   USA
USD
    
75,777
      
3,588,799
  
 (c)
                                           
Leisure Facilities - 0.35%
                                         
        Pure Gym Ltd
  
Private Equity
      
   GBR
GBP
    
1,416,469
      
1,891,214
  
(a) (b)
                                           
Residential REITs - 1.41%
                                         
        Avenue One PropCo
  
Private Equity
      
   USA
USD
    
7,550,072
      
7,572,721
  
(a) (b)
                                           
Specialized REITs  - 0.27%
                                         
        Pretium Partners LLC P2
  
Private Equity
      
   USA
USD
    
1,635,306
      
1,462,438
  
(a) (b)
TOTAL EQUITY & OTHER INVESTMENTS (Cost $35,215,756)
                    
$
35,498,894
    
 
                                          
Trade Claim - 0.00%
                                         
 
                                          
Health Care Facilities - 0.00%
                                         
        Quorum Health Corp
  
Trade Claim
      
   USA
USD
    
212,000
    
$
23,426
  
(a) (b)
TOTAL TRADE CLAIM (Cost $85,850)
                        
$
23,426
    
 
                                          
TOTAL INVESTMENTS (Cost $810,713,554) - 134.26%
                        
$
723,028,184
    
LIABILITIES EXCEEDING OTHER ASSETS, NET - (34.26%)
                      
(184,489,988
)
  
NET ASSETS - 100.00%
                        
$
538,538,196
    
                                           
                                           
                                           

 
TL
Term loan
 
DD
Delayed draw term loan
 
1L
First lien
 
2L
Second lien
 
(a)
Security considered restricted.
 
(b)
Value determined using significant unobservable inputs.
 
(c)
Non-income producing security.
 
(d)
Investment is held as collateral for the fund’s credit facility.
 
(e)
Investment is an unfunded or partially funded commitment.
 
(f)
Represents a payment-in-kind (“PIK”) security which may pay interest/dividend in additional par/shares.
 
(g)
Zero coupon bond.
 
(h)
Securities exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold to qualified institutional buyers in transactions exempt from registration.



The following are the details of the restricted securities held by the Fund:

Issuer
Asset
  
Par/Shares
    
Cost
    
Fair Value
  
Acquisition Date
  
% of Net Assets
Common Stock
                          
 Foresight Energy LLC
 Foresight Energy LLC
    
17,979
    
$
200,230
    
$
214,388
  
6/30/2020
    
0.04%
 Magna Legal Services LLC
 Magna Legal Services LLC
    
618
      
61,808
      
61,808
  
11/22/2022
    
0.01%
 Med-Metrix
 Med-Metrix
    
597
      
29,862
      
66,284
  
9/15/2021
    
0.01%
High Yield
                                  
 Lenovo Group Ltd
 Lenovo Group Ltd
    
117,599
      
117,599
      
117,611
  
9/14/2022
    
0.02%
 Lenovo Group Ltd
 Lenovo Group Ltd
    
90,524
      
90,321
      
98,379
  
9/14/2022
    
0.02%
 Lenovo Group Ltd
 Lenovo Group Ltd
    
125,603
      
125,321
      
136,502
  
9/14/2022
    
0.03%
 Lenovo Group Ltd
 Lenovo Group Ltd
    
28,545
      
32,941
      
35,177
  
9/14/2022
    
0.01%
 Lenovo Group Ltd
 Lenovo Group Ltd
    
163,170
      
163,170
      
163,186
  
9/14/2022
    
0.03%
 Lenovo Group Ltd
 Lenovo Group Ltd
    
20,573
      
23,741
      
25,353
  
9/14/2022
    
0.00%
 Ultra Electronics Holdings PLC
 Ultra Electronics Holdings PLC
    
2,162,000
      
2,101,429
      
2,021,470
  
8/4/2022
    
0.38%
 Ultra Electronics Holdings PLC
 Ultra Electronics Holdings PLC
    
2,000,179
      
1,943,675
      
1,868,967
  
8/4/2022
    
0.35%
Preferred Stock
                                  
 Affordable Care Inc
 Affordable Care Inc
    
677,000
      
663,528
      
695,279
  
8/2/2021
    
0.13%
 Amerivet Partners Management Inc
 Amerivet Partners Management Inc
    
298
      
288,779
      
277,198
  
2/25/2022
    
0.05%
 Med-Metrix
 Med-Metrix
    
597
      
29,862
      
29,862
  
9/15/2021
    
0.01%
Private Equity
                                  
 American Vision Partners
 American Vision Partners
    
53,939
      
54,546
      
44,737
  
9/30/2021
    
0.01%
 Avenue One PropCo
 Avenue One PropCo
    
7,550,072
      
7,550,072
      
7,572,721
  
4/4/2022
    
1.41%
 Pretium Partners LLC P2
 Pretium Partners LLC P2
    
1,635,306
      
1,602,600
      
1,462,438
  
12/16/2021
    
0.27%
 Pure Gym Ltd
 Pure Gym Ltd
    
1,416,469
      
1,925,990
      
1,891,214
  
1/28/2022
    
0.35%
 Ultra Electronics Holdings PLC
 Ultra Electronics Holdings PLC
    
23,486,307
      
234,863
      
237,212
  
8/2/2022
    
0.04%
 Ultra Electronics Holdings PLC
 Ultra Electronics Holdings PLC
    
43,729
      
44,431
      
41,779
  
9/8/2022
    
0.01%
Revolver
                                  
 3Pillar Global Inc
 3Pillar Global Inc
    
186,240
      
-
      
(6,481
)
11/23/2021
    
0.00%
 48Forty Solutions LLC
 48Forty Solutions LLC
    
610,068
      
-
      
(7,748
)
3/11/2022
    
0.00%
 Affordable Care Inc
 Affordable Care Inc
    
177,081
      
14,166
      
11,953
  
8/2/2021
    
0.00%
 American Vision Partners
 American Vision Partners
    
158,140
      
63,256
      
59,097
  
9/30/2021
    
0.01%
 Amerivet Partners Management Inc
 Amerivet Partners Management Inc
    
197,240
      
-
      
(5,838
)
2/25/2022
    
0.00%
 Arcfield Acquisition Corp
 Arcfield Acquisition Corp
    
143,583
      
-
      
(2,786
)
3/10/2022
    
0.00%
 Community Brands Inc
 Community Brands Inc
    
60,610
      
-
      
(1,709
)
2/24/2022
    
0.00%
 Excelitas Technologies Corp
 Excelitas Technologies Corp
    
351,770
      
145,398
      
138,539
  
8/11/2022
    
0.03%
 Follett Software Co
 Follett Software Co
    
136,050
      
-
      
(1,619
)
8/31/2021
    
0.00%
 Foundation Risk Partners Corp
 Foundation Risk Partners Corp
    
141,750
      
56,688
      
55,051
  
10/29/2021
    
0.01%
 Galway Partners Holdings LLC
 Galway Partners Holdings LLC
    
205,492
      
-
      
(41
)
9/30/2021
    
0.00%
 Insight Global LLC
 Insight Global LLC
    
427,591
      
64,139
      
58,665
  
9/22/2021
    
0.01%
 Magna Legal Services LLC
 Magna Legal Services LLC
    
26,940
      
-
      
(67
)
11/22/2022
    
0.00%
 Med-Metrix
 Med-Metrix
    
158,828
      
-
      
-
  
9/15/2021
    
0.00%
 NPD Group Inc/The
 NPD Group Inc/The
    
51,095
      
7,153
      
7,153
  
8/1/2022
    
0.00%
 Oxford Global Resources LLC
 Oxford Global Resources LLC
    
128,823
      
33,494
      
33,159
  
8/17/2021
    
0.01%
 PartsSource Inc
 PartsSource Inc
    
87,104
      
-
      
(2,326
)
10/18/2021
    
0.00%
 Radwell International LLC/PA
 Radwell International LLC/PA
    
68,154
      
-
      
-
  
12/1/2022
    
0.00%
 SAMBA Safety Inc
 SAMBA Safety Inc
    
41,810
      
-
      
(176
)
9/1/2021
    
0.00%
 SavATree LLC
 SavATree LLC
    
128,932
      
-
      
(1,264
)
10/12/2021
    
0.00%
 Time Manufacturing Co
 Time Manufacturing Co
    
153,560
      
100,512
      
92,082
  
12/1/2021
    
0.02%
Leveraged Loans
                                  
 3Pillar Global Inc
 3Pillar Global Inc
    
620,511
      
110,207
      
93,586
  
11/23/2021
    
0.02%
 3Pillar Global Inc
 3Pillar Global Inc
    
1,935,958
      
1,920,442
      
1,868,587
  
11/23/2021
    
0.35%
 48Forty Solutions LLC
 48Forty Solutions LLC
    
4,723,786
      
4,687,730
      
4,663,794
  
2/11/2022
    
0.87%
 48Forty Solutions LLC
 48Forty Solutions LLC
    
3,157,204
      
3,141,324
      
3,117,108
  
3/11/2022
    
0.58%
 Affordable Care Inc
 Affordable Care Inc
    
598,760
      
206,462
      
203,680
  
8/2/2021
    
0.04%
 Affordable Care Inc
 Affordable Care Inc
    
1,585,658
      
1,573,213
      
1,565,837
  
8/2/2021
    
0.29%
 Alera Group Intermediate Holdings Inc
 Alera Group Intermediate Holdings Inc
    
538,485
      
-
      
522,330
  
12/16/2021
    
0.10%
 Alera Group Intermediate Holdings Inc
 Alera Group Intermediate Holdings Inc
    
186,208
      
184,702
      
180,622
  
9/30/2021
    
0.03%
 Alera Group Intermediate Holdings Inc
 Alera Group Intermediate Holdings Inc
    
655,236
      
649,936
      
635,579
  
9/30/2021
    
0.12%
 American Vision Partners
 American Vision Partners
    
1,905,174
      
1,890,374
      
1,855,068
  
9/30/2021
    
0.34%
 American Vision Partners
 American Vision Partners
    
786,737
      
780,625
      
766,045
  
9/30/2021
    
0.14%
 Amerivet Partners Management Inc
 Amerivet Partners Management Inc
    
2,235,596
      
2,216,720
      
2,169,423
  
2/25/2022
    
0.40%
 Amerivet Partners Management Inc
 Amerivet Partners Management Inc
    
1,576,564
      
389,674
      
356,320
  
2/25/2022
    
0.07%
 Arcfield Acquisition Corp
 Arcfield Acquisition Corp
    
981,712
      
973,363
      
962,666
  
3/10/2022
    
0.18%
 Bankers Healthcare Group LLC
 Bankers Healthcare Group LLC
    
140,740
      
140,740
      
144,695
  
11/8/2022
    
0.03%
 Belk Inc
 Belk Inc
    
53,180
      
52,731
      
45,619
  
2/24/2021
    
0.01%
 Belk Inc
 Belk Inc
    
997,211
      
658,089
      
185,107
  
2/24/2021
    
0.03%
 CFC Underwriting Ltd
 CFC Underwriting Ltd
    
5,343,384
      
5,223,435
      
5,349,796
  
5/16/2022
    
0.99%
 CFC Underwriting Ltd
 CFC Underwriting Ltd
    
630,571
      
-
      
932
  
5/16/2022
    
0.00%
 Community Brands Inc
 Community Brands Inc
    
1,022,573
      
1,005,314
      
993,736
  
2/24/2022
    
0.18%
 Community Brands Inc
 Community Brands Inc
    
121,212
      
-
      
(3,418
)
2/24/2022
    
0.00%
 Encora Digital Inc
 Encora Digital Inc
    
1,652,370
      
1,624,596
      
1,581,153
  
12/20/2021
    
0.29%
 Encora Digital Inc
 Encora Digital Inc
    
398,160
      
391,467
      
380,999
  
12/20/2021
    
0.07%
 Encora Digital Inc
 Encora Digital Inc
    
482,470
      
471,169
      
458,829
  
12/20/2021
    
0.09%
 Envirotainer Ltd
 Envirotainer Ltd
    
865,234
      
-
      
(39,677
)
7/29/2022
    
-0.01%
 Envirotainer Ltd
 Envirotainer Ltd
    
4,739,642
      
4,734,999
      
4,933,039
  
7/29/2022
    
0.92%
 Envirotainer Ltd
 Envirotainer Ltd
    
2,411,934
      
2,356,044
      
2,341,264
  
7/29/2022
    
0.43%
 Excelitas Technologies Corp
 Excelitas Technologies Corp
    
602,699
      
616,492
      
642,159
  
8/11/2022
    
0.12%
 Excelitas Technologies Corp
 Excelitas Technologies Corp
    
3,646,681
      
3,612,695
      
3,575,571
  
8/11/2022
    
0.66%
 Excelitas Technologies Corp
 Excelitas Technologies Corp
    
703,540
      
-
      
(13,719
)
8/11/2022
    
0.00%
 Flint Group GmbH
 Flint Group GmbH
    
1,169,530
      
1,154,672
      
792,772
  
3/9/2021
    
0.15%
 Flint Group GmbH
 Flint Group GmbH
    
79,627
      
92,971
      
58,017
  
11/5/2020
    
0.01%
 Flint Group GmbH
 Flint Group GmbH
    
35,894
      
41,805
      
26,152
  
11/5/2020
    
0.00%
 Flint Group GmbH
 Flint Group GmbH
    
622,598
      
736,756
      
453,628
  
11/5/2020
    
0.08%
 Flint Group GmbH
 Flint Group GmbH
    
456,770
      
537,791
      
332,805
  
11/18/2020
    
0.06%
 Flint Group GmbH
 Flint Group GmbH
    
71,892
      
81,749
      
52,381
  
11/5/2020
    
0.01%
 Flint Group GmbH
 Flint Group GmbH
    
3,505,793
      
4,105,018
      
2,554,343
  
11/5/2020
    
0.47%
 Flint Group GmbH
 Flint Group GmbH
    
194,162
      
191,695
      
131,613
  
3/9/2021
    
0.02%
 Follett Software Co
 Follett Software Co
    
1,534,181
      
1,521,953
      
1,515,924
  
8/31/2021
    
0.28%
 Foresight Energy LLC
 Foresight Energy LLC
    
121,885
      
121,885
      
121,885
  
6/30/2020
    
0.02%
 Foundation Risk Partners Corp
 Foundation Risk Partners Corp
    
3,355,421
      
1,956,973
      
1,922,618
  
4/14/2022
    
0.36%
 Foundation Risk Partners Corp
 Foundation Risk Partners Corp
    
833,827
      
822,853
      
814,315
  
4/14/2022
    
0.15%
 Foundation Risk Partners Corp
 Foundation Risk Partners Corp
    
1,332,352
      
1,315,962
      
1,301,175
  
10/29/2021
    
0.24%
 Foundation Risk Partners Corp
 Foundation Risk Partners Corp
    
289,772
      
286,208
      
282,992
  
10/29/2021
    
0.05%
 Galway Partners Holdings LLC
 Galway Partners Holdings LLC
    
2,637,960
      
2,599,759
      
2,637,434
  
6/6/2022
    
0.49%
 Galway Partners Holdings LLC
 Galway Partners Holdings LLC
    
26,576
      
-
      
(5
)
9/30/2021
    
0.00%
 Insight Global LLC
 Insight Global LLC
    
5,387,783
      
5,344,378
      
5,318,820
  
9/22/2021
    
0.99%
 Insight Global LLC
 Insight Global LLC
    
1,042,940
      
1,038,461
      
1,029,591
  
2/28/2022
    
0.19%
 Integrity Marketing Group LLC
 Integrity Marketing Group LLC
    
5,573,239
      
4,465,047
      
4,518,163
  
6/21/2022
    
0.84%
 Integrity Marketing Group LLC
 Integrity Marketing Group LLC
    
2,930,839
      
2,900,585
      
2,911,496
  
12/3/2021
    
0.54%
 Magna Legal Services LLC
 Magna Legal Services LLC
    
64,660
      
-
      
(162
)
11/22/2022
    
0.00%
 Magna Legal Services LLC
 Magna Legal Services LLC
    
231,690
      
228,311
      
231,111
  
11/22/2022
    
0.04%
 Med-Metrix
 Med-Metrix
    
1,254,740
      
1,245,079
      
1,267,288
  
9/15/2021
    
0.24%
 Med-Metrix
 Med-Metrix
    
634,359
      
121,225
      
132,453
  
9/15/2021
    
0.02%
 Novotech Pty Ltd
 Novotech Pty Ltd
    
266,244
      
-
      
(5,591
)
1/14/2022
    
0.00%
 Novotech Pty Ltd
 Novotech Pty Ltd
    
1,579,895
      
1,118,874
      
1,086,031
  
1/14/2022
    
0.20%
 Novotech Pty Ltd
 Novotech Pty Ltd
    
1,144,851
      
1,123,597
      
1,120,809
  
1/14/2022
    
0.21%
 NPD Group Inc/The
 NPD Group Inc/The
    
960,340
      
960,340
      
979,547
  
8/1/2022
    
0.18%
 Opendoor Labs Inc
 Opendoor Labs Inc
    
4,886,391
      
4,886,391
      
4,588,322
  
10/1/2021
    
0.85%
 Oxford Global Resources LLC
 Oxford Global Resources LLC
    
257,645
      
115,021
      
116,301
  
8/17/2021
    
0.02%
 Oxford Global Resources LLC
 Oxford Global Resources LLC
    
1,475,662
      
1,464,495
      
1,471,825
  
8/17/2021
    
0.27%
 Oxford Global Resources LLC
 Oxford Global Resources LLC
    
6,610,887
      
6,552,801
      
6,593,699
  
6/17/2022
    
1.22%
 Parts Town LLC
 Parts Town LLC
    
920,208
      
920,208
      
897,295
  
3/31/2022
    
0.17%
 Parts Town LLC
 Parts Town LLC
    
1,284,596
      
1,273,980
      
1,252,610
  
11/10/2021
    
0.23%
 Parts Town LLC
 Parts Town LLC
    
838,073
      
831,146
      
817,205
  
11/10/2021
    
0.15%
 PartsSource Inc
 PartsSource Inc
    
1,322,260
      
1,310,186
      
1,286,956
  
10/18/2021
    
0.24%
 PartsSource Inc
 PartsSource Inc
    
464,562
      
-
      
(12,404
)
10/18/2021
    
0.00%
 Pretium Partners LLC P2
 Pretium Partners LLC P2
    
3,270,612
      
3,214,423
      
3,205,200
  
12/16/2021
    
0.60%
 Radwell International LLC/PA
 Radwell International LLC/PA
    
24,298
      
24,298
      
24,198
  
8/16/2022
    
0.00%
 Radwell International LLC/PA
 Radwell International LLC/PA
    
908,726
      
908,726
      
916,178
  
12/1/2022
    
0.17%
 SAMBA Safety Inc
 SAMBA Safety Inc
    
569,876
      
565,524
      
567,482
  
9/1/2021
    
0.11%
 SavATree LLC
 SavATree LLC
    
915,871
      
910,964
      
906,897
  
7/14/2022
    
0.17%
 SavATree LLC
 SavATree LLC
    
81,228
      
5,693
      
5,393
  
10/12/2021
    
0.00%
 SitusAMC Holdings Corp
 SitusAMC Holdings Corp
    
2,219,259
      
2,201,179
      
2,160,227
  
12/22/2021
    
0.40%
 Solina France SASU
 Solina France SASU
    
500,000
      
485,685
      
493,000
  
10/28/2022
    
0.09%
 Time Manufacturing Co
 Time Manufacturing Co
    
594,000
      
659,955
      
610,040
  
12/1/2021
    
0.11%
 Time Manufacturing Co
 Time Manufacturing Co
    
921,425
      
904,734
      
870,839
  
12/1/2021
    
0.16%
 Time Manufacturing Co
 Time Manufacturing Co
    
372,332
      
392,797
      
382,387
  
6/24/2022
    
0.07%
 Yak Access LLC
 Yak Access LLC
    
1,126,352
      
1,123,175
      
1,115,088
  
10/28/2022
    
0.21%
 Yak Access LLC
 Yak Access LLC
    
6,608,816
      
6,306,060
      
2,686,484
  
6/29/2018
    
0.50%
 Yak Access LLC
 Yak Access LLC
    
844,764
      
840,587
      
836,316
  
12/21/2022
    
0.16%
 Yak Access LLC
 Yak Access LLC
    
1,013,810
      
1,005,299
      
1,003,672
  
1/23/2023
    
0.19%
Trade Claim
                                  
 Quorum Health Corp
 Quorum Health Corp
    
212,000
      
90,722
      
23,426
  
6/1/2018
    
0.00%
Total
            
$
128,490,113
    
$
121,430,180