NPORT-EX 2 QTLY_2270_20231231.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Series Floating Rate High Income Fund
December 31, 2023
SFR-NPRT1-0224
1.924295.112
Bank Loan Obligations - 86.9%
 
  
Principal
Amount (a)
 
Value ($)
 
Aerospace - 0.8%
 
  
  
ADS Tactical, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.750% 11.2204% 3/19/26 (b)(c)(d)
  
305,488
301,416
Gemini HDPE LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.000% 8.6448% 12/31/27 (b)(c)(d)
  
267,569
266,499
TransDigm, Inc.:
  
  
  
 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.5981% 8/24/28 (b)(c)(d)
  
1,042,304
1,046,213
 Tranche H 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.5981% 2/22/27 (b)(c)(d)
  
197,744
198,432
TOTAL AEROSPACE
  
  
1,812,560
Air Transportation - 1.5%
 
  
  
AAdvantage Loyalty IP Ltd. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.750% 10.4274% 4/20/28 (b)(c)(d)
  
462,180
474,169
Air Canada Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.500% 9.1393% 8/11/28 (b)(c)(d)
  
379,225
379,817
Echo Global Logistics, Inc. 1LN, term loan:
  
  
  
 CME Term SOFR 1 Month Index + 3.500% 8.9536% 11/23/28 (b)(c)(d)
  
552,974
539,609
 CME Term SOFR 3 Month Index + 4.750% 10.1981% 11/23/28 (b)(c)(d)(e)
  
340,688
340,688
Mileage Plus Holdings LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 5.250% 10.7704% 7/2/27 (b)(c)(d)
  
651,000
672,392
Rand Parent LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.6401% 3/17/30 (b)(c)(d)
  
139,174
138,444
SkyMiles IP Ltd. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1658% 10/20/27 (b)(c)(d)
  
344,000
351,847
United Airlines, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.750% 9.2198% 4/21/28 (b)(c)(d)
  
395,946
396,825
TOTAL AIR TRANSPORTATION
  
  
3,293,791
Automotive & Auto Parts - 1.1%
 
  
  
American Trailer World Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.206% 3/5/28 (b)(c)(d)
  
389,312
380,498
Belron Finance U.S. LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 2.750% 7.995% 4/18/29 (b)(c)(d)
  
94,525
94,643
Clarios Global LP Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.106% 4/20/30 (b)(c)(d)
  
498,750
499,373
CWGS Group LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.9723% 6/3/28 (b)(c)(d)
  
711,546
694,028
Ls Group Opco Acquistion LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.7096% 11/2/27 (b)(c)(d)
  
429,176
428,639
PECF USS Intermediate Holding III Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.8948% 12/17/28 (b)(c)(d)
  
416,500
322,700
RVR Dealership Holdings LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.000% 9.206% 2/8/28 (b)(c)(d)
  
118,042
101,280
TOTAL AUTOMOTIVE & AUTO PARTS
  
  
2,521,161
Banks & Thrifts - 1.2%
 
  
  
Blackstone CQP Holdco LP Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.3481% 12/31/30 (b)(c)(d)
  
1,097,861
1,099,233
Citadel Securities LP Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.9704% 7/25/30 (b)(c)(d)
  
957,574
958,771
Deerfield Dakota Holding LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.750% 9.0981% 4/9/27 (b)(c)(d)
  
265,147
262,275
Novae LLC 1LN, term loan CME Term SOFR 3 Month Index + 5.000% 10.5211% 12/22/28 (b)(c)(d)
  
245,625
240,098
Superannuation & Investments U.S. LLC 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.2204% 12/1/28 (b)(c)(d)
  
181,300
181,356
Walker & Dunlop, Inc. Tranche B2 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.456% 12/16/28 (b)(c)(d)
  
29,775
29,626
TOTAL BANKS & THRIFTS
  
  
2,771,359
Broadcasting - 1.7%
 
  
  
AppLovin Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.100% 8.556% 8/15/30 (b)(c)(d)
  
380,504
380,504
Diamond Sports Group LLC:
  
  
  
 1LN, term loan CME Term SOFR 1 Month Index + 8.000% 15.4428% 8/24/26 (b)(c)(d)
  
244,133
176,996
 2LN, term loan CME Term SOFR 1 Month Index + 3.250% 10.6625% (b)(c)(d)(f)
  
1,664,487
65,747
Dotdash Meredith, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.4428% 12/1/28 (b)(c)(d)
  
831,458
823,143
Gray Television, Inc. Tranche D 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4573% 12/1/28 (b)(c)(d)
  
278,788
276,435
Nexstar Media, Inc. Tranche B, term loan CME Term SOFR 1 Month Index + 2.500% 7.9704% 9/19/26 (b)(c)(d)
  
443,112
443,077
Sinclair Television Group, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.9704% 9/30/26 (b)(c)(d)
  
459,541
420,136
Univision Communications, Inc.:
  
  
  
 1LN, term loan CME Term SOFR 3 Month Index + 4.250% 9.5981% 6/24/29 (b)(c)(d)
  
142,825
142,861
 Tranche B 1LN, term loan:
 
  
  
CME Term SOFR 1 Month Index + 3.250% 8.7204% 3/24/26 (b)(c)(d)
 
  
237,645
237,854
CME Term SOFR 1 Month Index + 3.250% 8.7204% 1/31/29 (b)(c)(d)
 
  
805,650
803,886
TOTAL BROADCASTING
  
  
3,770,639
Building Materials - 2.8%
 
  
  
Acproducts Holdings, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.250% 9.8598% 5/17/28 (b)(c)(d)
  
1,011,796
885,039
APi Group DE, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.9704% 1/3/29 (b)(c)(d)
  
212,375
212,375
Emerson Climate Technologies Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.356% 5/31/30 (b)(c)(d)
  
520,485
521,984
Hunter Douglas, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.500% 8.8797% 2/25/29 (b)(c)(d)
  
1,745,241
1,736,078
Janus International Group LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.7643% 8/3/30 (b)(c)(d)
  
79,800
79,875
Oscar AcquisitionCo LLC 1LN, term loan CME Term SOFR 3 Month Index + 4.500% 9.9481% 4/29/29 (b)(c)(d)
  
681,831
674,160
Smyrna Ready Mix LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.8579% 4/2/29 (b)(c)(d)
  
177,045
177,341
SRS Distribution, Inc. Tranche B 1LN, term loan:
  
  
  
 CME Term SOFR 1 Month Index + 3.500% 8.9704% 6/4/28 (b)(c)(d)
  
647,213
647,485
 CME Term SOFR 3 Month Index + 3.500% 8.956% 6/2/28 (b)(c)(d)
  
196,305
196,059
Standard Industries, Inc./New Jersey Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.250% 7.7214% 9/22/28 (b)(c)(d)
  
158,164
158,404
Traverse Midstream Partners Ll Tranche B, term loan CME TERM SOFR 6 MONTH INDEX + 4.250% 9.24% 2/16/28 (b)(c)(d)
  
238,303
238,203
USIC Holdings, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 9.1098% 5/14/28 (b)(c)(d)
  
386,113
382,444
White Capital Buyer LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.000% 9.106% 10/19/27 (b)(c)(d)
  
475,407
476,201
TOTAL BUILDING MATERIALS
  
  
6,385,648
Cable/Satellite TV - 1.9%
 
  
  
Charter Communication Operating LLC Tranche B2 1LN, term loan CME Term SOFR 1 Month Index + 1.750% 7.1332% 2/1/27 (b)(c)(d)
  
1,388,896
1,388,035
Coral-U.S. Co.-Borrower LLC Tranche B, term loan CME Term SOFR 1 Month Index + 2.250% 7.7927% 1/31/28 (b)(c)(d)
  
775,000
768,606
CSC Holdings LLC:
  
  
  
 Tranche B 5LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.9763% 4/15/27 (b)(c)(d)
  
351,215
331,972
 Tranche B6 LN, term loan CME Term SOFR 1 Month Index + 4.500% 9.8618% 1/18/28 (b)(c)(d)
  
477,641
460,627
DIRECTV Financing LLC 1LN, term loan CME Term SOFR 1 Month Index + 5.000% 10.6498% 8/2/27 (b)(c)(d)
  
102,667
102,552
Neptune Finco Corp. Tranche B, term loan CME Term SOFR 1 Month Index + 2.250% 7.7263% 7/17/25 (b)(c)(d)
  
364,081
357,582
Virgin Media Bristol LLC:
  
  
  
 Tranche N, term loan CME Term SOFR 1 Month Index + 2.500% 7.9763% 1/31/28 (b)(c)(d)
  
500,000
497,430
 Tranche Y 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.7899% 3/6/31 (b)(c)(d)
  
405,000
402,862
TOTAL CABLE/SATELLITE TV
  
  
4,309,666
Capital Goods - 0.6%
 
  
  
Chart Industries, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.691% 3/17/30 (b)(c)(d)
  
460,578
460,961
CPM Holdings, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 4.500% 9.8428% 9/28/28 (b)(c)(d)
  
217,727
218,272
Griffon Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 7.7481% 1/24/29 (b)(c)(d)
  
346,808
347,096
TNT Crane & Rigging LLC 2LN, term loan 3 month U.S. LIBOR + 8.750% 14.4064% 4/16/25 (b)(c)(d)(e)
  
237,832
225,061
TOTAL CAPITAL GOODS
  
  
1,251,390
Chemicals - 3.4%
 
  
  
A-Gas Finco, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.250% 12/13/29 (c)(d)(g)
  
305,000
279,075
ARC Falcon I, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 8.956% 9/30/28 (b)(c)(d)
  
595,811
588,364
Aruba Investment Holdings LLC:
  
  
  
 2LN, term loan CME Term SOFR 1 Month Index + 7.750% 13.206% 11/24/28 (b)(c)(d)
  
135,000
126,056
 Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.456% 11/24/27 (b)(c)(d)
  
487,186
479,576
Avient Corp. Tranche B7 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.8902% 8/29/29 (b)(c)(d)
  
108,542
108,678
Consolidated Energy Finance SA Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.956% 5/7/25 (b)(c)(d)(e)
  
365,625
354,656
Cyanco Intermediate 2 Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.750% 10.106% 7/7/28 (b)(c)(d)
  
104,738
104,912
Derby Buyer LLC 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.5928% 11/1/30 (b)(c)(d)
  
330,000
330,000
Discovery Purchaser Corp. 1LN, term loan CME Term SOFR 3 Month Index + 4.370% 9.7651% 10/4/29 (b)(c)(d)
  
730,486
719,010
Groupe Solmax, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.750% 10.2953% 5/27/28 (b)(c)(d)
  
479,991
459,591
Herens U.S. Holdco Corp. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.920% 9.3731% 7/3/28 (b)(c)(d)
  
321,840
290,622
Hexion Holdings Corp. 1LN, term loan CME Term SOFR 3 Month Index + 4.500% 10.0215% 3/15/29 (b)(c)(d)
  
709,896
680,613
Hexion, Inc. 2LN, term loan CME Term SOFR 1 Month Index + 7.430% 12.8935% 3/15/30 (b)(c)(d)
  
170,000
142,163
ICP Group Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.3598% 12/29/27 (b)(c)(d)
  
239,073
191,617
INEOS U.S. Finance LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.956% 2/10/30 (b)(c)(d)
  
134,325
134,325
INEOS U.S. Petrochem LLC 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.206% 3/1/30 (b)(c)(d)
  
139,300
136,514
Manchester Acquisition Sub LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 5.750% 11.2771% 12/1/26 (b)(c)(d)
  
161,700
141,758
Olympus Water U.S. Holding Corp. Tranche B 1LN, term loan:
  
  
  
 CME Term SOFR 1 Month Index + 5.000% 10.3481% 11/9/28 (b)(c)(d)
  
304,238
305,378
 CME Term SOFR 3 Month Index + 3.750% 9.3598% 11/9/28 (b)(c)(d)
  
572,479
570,727
Starfruit U.S. Holdco LLC Tranche B 1LN, term loan:
  
  
  
 CME Term SOFR 1 Month Index + 4.000% 9.441% 4/3/28 (b)(c)(d)
  
174,125
174,517
 CME Term SOFR 1 Month Index + 4.000% 9.4671% 4/3/28 (b)(c)(d)
  
395,332
396,443
The Chemours Co. LLC Tranche B2 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.856% 8/18/28 (b)(c)(d)
  
809,672
807,243
W.R. Grace Holding LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.750% 9.3598% 9/22/28 (b)(c)(d)
  
144,264
144,496
TOTAL CHEMICALS
  
  
7,666,334
Consumer Products - 2.4%
 
  
  
19Th Holdings Golf LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6959% 2/7/29 (b)(c)(d)
  
458,460
453,876
Aip Rd Buyer Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.000% 10.356% 12/23/28 (b)(c)(d)
  
437,800
436,706
BCPE Empire Holdings, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.750% 10.106% 12/10/28 (b)(c)(d)
  
866,532
868,049
Bombardier Recreational Products, Inc.:
  
  
  
 Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.000% 7.456% 5/23/27 (b)(c)(d)
  
154,366
153,401
 Tranche B3 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.106% 12/13/29 (b)(c)(d)
  
301,199
300,446
CNT Holdings I Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9258% 11/8/27 (b)(c)(d)
  
486,250
486,790
Kronos Acquisition Holdings, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.750% 9.3598% 12/22/26 (b)(c)(d)
  
509,864
508,941
Mattress Firm, Inc. Tranche B 1LN, term loan 6 month U.S. LIBOR + 4.250% 9.8598% 9/24/28 (b)(c)(d)
  
504,605
499,469
Petco Health & Wellness Co., Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.250% 8.8598% 3/4/28 (b)(c)(d)
  
314,358
296,534
Runner Buyer, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 5.500% 11.0027% 10/21/28 (b)(c)(d)
  
250,538
195,838
Sweetwater Borrower LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.7204% 8/5/28 (b)(c)(d)
  
437,134
434,948
Windsor Holdings III, LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.500% 9.841% 8/1/30 (b)(c)(d)
  
408,975
411,147
Woof Holdings LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.3595% 12/21/27 (b)(c)(d)
  
394,599
318,075
TOTAL CONSUMER PRODUCTS
  
  
5,364,220
Containers - 2.3%
 
  
  
AOT Packaging Products AcquisitionCo LLC 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.7204% 3/3/28 (b)(c)(d)
  
506,437
502,796
Berlin Packaging, LLC Tranche B 1LN, term loan:
  
  
  
 CME Term SOFR 3 Month Index + 3.250% 8.6041% 3/11/28 (b)(c)(d)
  
87,525
87,135
 CME Term SOFR 3 Month Index + 3.750% 9.21% 3/11/28 (b)(c)(d)
  
755,738
755,821
Berry Global, Inc. Tranche AA 1LN, term loan CME Term SOFR 1 Month Index + 1.750% 7.2219% 7/1/29 (b)(c)(d)
  
424,139
424,381
Canister International Group, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 4.750% 10.206% 12/20/26 (b)(c)(d)
  
240,625
240,976
Charter NEX U.S., Inc. 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.2204% 12/1/27 (b)(c)(d)
  
457,075
458,647
Graham Packaging Co., Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4704% 8/4/27 (b)(c)(d)
  
751,935
752,439
Kloeckner Pentaplast of America, Inc. Tranche B 1LN, term loan CME TERM SOFR 6 MONTH INDEX + 4.750% 10.476% 2/9/26 (b)(c)(d)
  
311,200
291,946
Pregis TopCo Corp. 1LN, term loan:
  
  
  
 CME Term SOFR 1 Month Index + 3.750% 9.2204% 8/1/26 (b)(c)(d)
  
244,375
244,172
 CME Term SOFR 1 Month Index + 4.000% 9.106% 7/31/26 (b)(c)(d)
  
279,896
280,291
Reynolds Consumer Products LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 1.750% 7.206% 1/30/27 (b)(c)(d)
  
517,968
518,569
Reynolds Group Holdings, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.7204% 9/24/28 (b)(c)(d)
  
419,250
420,160
Ring Container Technologies Group LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9704% 8/12/28 (b)(c)(d)
  
114,371
114,538
TOTAL CONTAINERS
  
  
5,091,871
Diversified Financial Services - 4.0%
 
  
  
AlixPartners LLP Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.2204% 2/4/28 (b)(c)(d)
  
484,685
485,625
AVSC Holding Corp. Tranche B2 1LN, term loan 3 month U.S. LIBOR + 5.500% 10.9484% 10/15/26 (b)(c)(d)
  
372,285
363,600
BCP Renaissance Parent LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.8711% 10/31/28 (b)(c)(d)
  
407,548
407,931
Broadstreet Partners, Inc.:
  
  
  
 Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.7204% 1/27/27 (b)(c)(d)
  
180,838
180,738
 Tranche B3 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.106% 1/26/29 (b)(c)(d)
  
324,450
324,956
Clue Opco LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.500% 9.856% 9/22/30 (b)(c)(d)
  
530,000
501,290
Eagle 4 Ltd. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.750% 9.3598% 7/12/28 (b)(c)(d)
  
239,383
239,083
FinCo I LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.3832% 6/27/29 (b)(c)(d)
  
91,645
91,912
Focus Financial Partners LLC:
  
  
  
 Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.856% 6/24/28 (b)(c)(d)
  
121,932
121,810
 Tranche B5 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.606% 6/30/28 (b)(c)(d)
  
375,250
375,561
Fugue Finance LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.3882% 1/26/28 (b)(c)(d)
  
228,847
229,527
GTCR W-2 Merger Sub LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 9/21/30 (c)(d)(g)
  
1,595,000
1,600,981
HarbourVest Partners LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.3481% 4/20/30 (b)(c)(d)
  
467,506
468,675
Heubach Holding U.S.A. LLC Tranche CME, term loan CME Term SOFR 1 Month Index + 10.000% 15.6477% 4/30/24 (b)(c)(d)(e)
  
49,633
42,413
Hightower Holding LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.000% 9.6412% 4/21/28 (b)(c)(d)
  
308,700
307,286
LSF11 Trinity Bidco, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.3583% 6/17/30 (b)(c)(d)
  
83,364
83,781
Nexus Buyer LLC:
  
  
  
 2LN, term loan CME Term SOFR 1 Month Index + 6.250% 11.706% 11/1/29 (b)(c)(d)
  
220,000
213,950
 Tranche B 1LN, term loan:
 
  
  
CME Term SOFR 1 Month Index + 3.750% 9.206% 11/8/26 (b)(c)(d)
 
  
64,831
64,036
CME Term SOFR 1 Month Index + 4.500% 9.8598% 12/22/28 (b)(c)(d)
 
  
537,000
531,968
RCS Capital Corp. 1LN, term loan CME Term SOFR 1 Month Index + 4.500% 9.956% 8/9/30 (b)(c)(d)
  
633,159
631,792
Recess Holdings, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.3882% 3/24/27 (b)(c)(d)
  
134,663
135,336
TransUnion LLC:
  
  
  
 Tranche B5 1LN, term loan CME Term SOFR 1 Month Index + 1.750% 7.206% 11/16/26 (b)(c)(d)
  
417,291
417,571
 Tranche B6 1LN, term loan CME Term SOFR 1 Month Index + 2.250% 7.7204% 12/1/28 (b)(c)(d)
  
190,079
190,579
UFC Holdings LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.3991% 4/29/26 (b)(c)(d)
  
203,416
203,953
WH Borrower LLC Tranche B 1LN, term loan:
  
  
  
 CME Term SOFR 1 Month Index + 5.500% 10.8913% 2/15/27 (b)(c)(d)(e)
  
412,810
410,746
 CME Term SOFR 1 Month Index + 5.500% 10.9028% 2/9/27 (b)(c)(d)
  
364,203
361,654
TOTAL DIVERSIFIED FINANCIAL SERVICES
  
  
8,986,754
Diversified Media - 0.8%
 
  
  
Advantage Sales & Marketing, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.500% 10.1759% 10/28/27 (b)(c)(d)
  
373,721
370,742
Allen Media LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 5.500% 10.9981% 2/10/27 (b)(c)(d)
  
755,482
668,601
Cmg Media Corp. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.500% 8.9481% 12/17/26 (b)(c)(d)
  
933,835
861,463
TOTAL DIVERSIFIED MEDIA
  
  
1,900,806
Energy - 2.2%
 
  
  
Apro LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.2096% 11/14/26 (b)(c)(d)
  
391,806
391,806
Array Technologies, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.250% 8.9274% 10/14/27 (b)(c)(d)
  
314,915
314,522
BW Gas & Convenience Holdings LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.500% 8.9704% 3/17/28 (b)(c)(d)
  
273,000
268,905
Delek U.S. Holdings, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.956% 11/19/29 (b)(c)(d)
  
550,306
550,565
EG America LLC:
  
  
  
 Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.500% 9.6645% 2/7/28 (b)(c)(d)(e)
  
400,000
388,000
 Tranche BC 1LN, term loan CME Term SOFR 1 Month Index + 5.500% 11.2383% 2/7/28 (b)(c)(d)
  
178,183
174,620
Esdec Solar Group BV Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.750% 10.3598% 8/27/28 (b)(c)(d)
  
226,875
216,666
GIP II Blue Holding LP Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.500% 9.9704% 9/29/28 (b)(c)(d)
  
651,792
653,695
GIP III Stetson I LP Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.706% 10/5/28 (b)(c)(d)
  
375,178
374,866
New Fortress Energy, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.000% 10.39% 10/30/28 (b)(c)(d)
  
940,000
923,550
Par Petroleum LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.7382% 2/14/30 (b)(c)(d)
  
198,612
198,463
Rockwood Service Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.7204% 1/23/27 (b)(c)(d)
  
312,676
313,223
Win Waste Innovations Holdings Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.2204% 3/25/28 (b)(c)(d)
  
312,825
293,117
TOTAL ENERGY
  
  
5,061,998
Entertainment/Film - 0.1%
 
  
  
AP Core Holdings II LLC:
  
  
  
 Tranche B1 1LN, term loan CME Term SOFR 1 Month Index + 5.500% 10.9704% 9/1/27 (b)(c)(d)
  
177,500
173,506
 Tranche B2 1LN, term loan CME Term SOFR 1 Month Index + 5.500% 10.9704% 9/1/27 (b)(c)(d)
  
110,000
107,216
TOTAL ENTERTAINMENT/FILM
  
  
280,722
Environmental - 0.5%
 
  
  
Clean Harbors, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.000% 7.4698% 10/8/28 (b)(c)(d)
  
142,100
142,303
Covanta Holding Corp.:
  
  
  
 Tranche B 1LN, term loan:
 
  
  
CME Term SOFR 1 Month Index + 2.500% 7.856% 11/30/28 (b)(c)(d)
 
  
199,242
198,993
CME Term SOFR 1 Month Index + 3.000% 8.3598% 11/30/28 (b)(c)(d)
 
  
92,791
92,814
 Tranche C 1LN, term loan:
 
  
  
CME Term SOFR 1 Month Index + 2.500% 7.856% 11/30/28 (b)(c)(d)
 
  
15,190
15,171
CME Term SOFR 1 Month Index + 3.000% 8.3598% 11/30/28 (b)(c)(d)
 
  
6,977
6,978
Madison IAQ LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.7214% 6/21/28 (b)(c)(d)
  
673,956
670,890
TOTAL ENVIRONMENTAL
  
  
1,127,149
Food & Drug Retail - 0.6%
 
  
  
Cardenas Merger Sub, LLC 1LN, term loan CME TERM SOFR 6 MONTH INDEX + 6.750% 12.1981% 8/1/29 (b)(c)(d)
  
465,714
465,016
Froneri U.S., Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.250% 7.706% 1/29/27 (b)(c)(d)
  
283,063
283,177
JP Intermediate B LLC term loan CME Term SOFR 1 Month Index + 5.500% 11.1448% 11/20/27 (b)(c)(d)
  
397,808
71,729
Northeast Grocery, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 7.500% 12.8618% 12/5/28 (b)(c)(d)
  
205,000
202,438
Upfield U.S.A. Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.750% 10.2236% 1/31/28 (b)(c)(d)
  
365,000
357,518
TOTAL FOOD & DRUG RETAIL
  
  
1,379,878
Food/Beverage/Tobacco - 1.4%
 
  
  
8th Avenue Food & Provisions, Inc.:
  
  
  
 2LN, term loan CME Term SOFR 1 Month Index + 7.750% 13.2128% 10/1/26 (b)(c)(d)
  
80,000
63,150
 Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.2204% 10/1/25 (b)(c)(d)
  
135,198
129,340
Bengal Debt Merger Sub LLC:
  
  
  
 1LN, term loan CME Term SOFR 3 Month Index + 3.250% 8.6981% 1/24/29 (b)(c)(d)
  
413,700
399,175
 2LN, term loan CME Term SOFR 3 Month Index + 6.000% 11.4481% 1/24/30 (b)(c)(d)
  
185,000
148,000
Chobani LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9704% 10/23/27 (b)(c)(d)
  
405,013
405,216
Del Monte Foods, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.7111% 5/16/29 (b)(c)(d)
  
714,035
666,730
Shearer's Foods, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9704% 9/23/27 (b)(c)(d)
  
385,675
385,829
Triton Water Holdings, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.8598% 3/31/28 (b)(c)(d)
  
969,232
959,055
TOTAL FOOD/BEVERAGE/TOBACCO
  
  
3,156,495
Gaming - 4.0%
 
  
  
Bally's Corp. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.250% 8.9274% 10/1/28 (b)(c)(d)
  
0
0
Caesars Entertainment, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.706% 1/26/30 (b)(c)(d)
  
1,940,338
1,943,073
Fertitta Entertainment LLC NV Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.356% 1/27/29 (b)(c)(d)
  
2,569,671
2,569,131
Flutter Financing B.V. Tranche B 1LN, term loan:
  
  
  
 CME Term SOFR 1 Month Index + 2.250% 7.5984% 11/25/30 (b)(c)(d)
  
781,000
781,648
 CME Term SOFR 1 Month Index + 3.250% 8.8627% 7/4/28 (b)(c)(d)
  
61,952
62,089
Golden Entertainment, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.206% 5/26/30 (b)(c)(d)
  
477,600
476,955
GVC Holdings Gibraltar Ltd.:
  
  
  
 Tranche B2 1LN, term loan CME TERM SOFR 6 MONTH INDEX + 3.500% 8.9481% 10/31/29 (b)(c)(d)
  
312,349
312,674
 Tranche B4 1LN, term loan CME TERM SOFR 6 MONTH INDEX + 2.250% 7.9481% 3/16/27 (b)(c)(d)
  
273,700
274,091
J&J Ventures Gaming LLC:
  
  
  
 1LN, term loan CME Term SOFR 3 Month Index + 4.000% 9.6098% 4/26/28 (b)(c)(d)
  
278,588
275,902
 Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 9.7204% 4/26/28 (b)(c)(d)
  
72,857
71,582
 Tranche DD2 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 4/26/28 (c)(d)(g)
  
131,143
128,848
Ontario Gaming GTA LP Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.5981% 8/1/30 (b)(c)(d)
  
185,000
185,627
PCI Gaming Authority 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.9704% 5/29/26 (b)(c)(d)
  
135,299
135,655
Scientific Games Corp. 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4648% 4/14/29 (b)(c)(d)
  
448,175
448,874
Scientific Games Holdings LP term loan CME Term SOFR 3 Month Index + 3.500% 8.6643% 4/4/29 (b)(c)(d)
  
782,364
781,972
Station Casinos LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.250% 7.706% 2/7/27 (b)(c)(d)
  
642,008
642,688
TOTAL GAMING
  
  
9,090,809
Healthcare - 5.1%
 
  
  
AHP Health Partners, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9704% 8/24/28 (b)(c)(d)
  
293,915
294,558
Avantor Funding, Inc. Tranche B5 1LN, term loan CME Term SOFR 1 Month Index + 2.250% 7.706% 11/6/27 (b)(c)(d)
  
216,483
216,784
Charlotte Buyer, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 5.250% 10.6074% 2/12/28 (b)(c)(d)
  
168,300
168,837
Da Vinci Purchaser Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.4704% 1/8/27 (b)(c)(d)
  
340,054
340,374
Elanco Animal Health, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 1.750% 7.1928% 8/1/27 (b)(c)(d)
  
582,213
578,090
Electron BidCo, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4704% 11/1/28 (b)(c)(d)
  
176,060
176,305
Embecta Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.356% 3/31/29 (b)(c)(d)
  
305,656
299,628
Gainwell Acquisition Corp. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.000% 9.4481% 10/1/27 (b)(c)(d)
  
1,711,706
1,660,355
HAH Group Holding Co. LLC:
  
  
  
 1LN, term loan:
 
  
  
CME Term SOFR 1 Month Index + 5.000% 10.45% 10/29/27 (b)(c)(d)
 
  
26,562
26,280
CME Term SOFR 3 Month Index + 5.000% 10.45% 10/29/27 (b)(c)(d)
 
  
174,090
172,784
 Tranche DD 1LN, term loan CME Term SOFR 3 Month Index + 5.000% 10.45% 10/29/27 (b)(c)(d)
  
3,361
3,325
ICU Medical, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.9981% 1/6/29 (b)(c)(d)
  
314,400
313,812
Insulet Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.7204% 5/4/28 (b)(c)(d)
  
1,104,668
1,106,833
Jazz Financing Lux SARL Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9704% 5/5/28 (b)(c)(d)
  
739,226
742,612
Maravai Intermediate Holdings LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.000% 8.3968% 10/19/27 (b)(c)(d)
  
223,653
217,317
MED ParentCo LP:
  
  
  
 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.7204% 8/31/26 (b)(c)(d)
  
273,121
270,015
 2LN, term loan CME Term SOFR 1 Month Index + 8.250% 13.7204% 8/30/27 (b)(c)(d)
  
180,000
164,475
Mozart Borrower LP Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.4704% 10/23/28 (b)(c)(d)
  
1,436,608
1,442,441
Organon & Co. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.000% 8.4719% 6/2/28 (b)(c)(d)
  
572,777
573,138
Packaging Coordinators Midco, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.500% 9.1098% 11/30/27 (b)(c)(d)
  
439,495
439,249
Pathway Vet Alliance LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.2204% 3/31/27 (b)(c)(d)
  
176,346
154,964
Phoenix Newco, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.7204% 11/15/28 (b)(c)(d)
  
835,332
839,717
PRA Health Sciences, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 2.250% 7.8598% 7/3/28 (b)(c)(d)
  
235,755
236,418
Surgery Center Holdings, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.8558% 12/5/30 (b)(c)(d)
  
326,914
327,868
U.S. Anesthesia Partners, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.7073% 10/1/28 (b)(c)(d)
  
95,171
86,738
Upstream Newco, Inc. 1LN, term loan 1 month U.S. LIBOR + 4.250% 9.8948% 11/20/26 (b)(c)(d)
  
286,038
268,699
VetStrategy Canada Holdings, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.500% 10.866% 11/16/28 (b)(c)(d)
  
490,000
490,407
TOTAL HEALTHCARE
  
  
11,612,023
Homebuilders/Real Estate - 0.8%
 
  
  
Breakwater Energy Partners, LLC Tranche B 1LN, term loan 11.25% 9/1/26 (b)(c)(d)(e)
  
428,532
415,162
DTZ U.S. Borrower LLC Tranche B 1LN, term loan:
  
  
  
 CME Term SOFR 1 Month Index + 2.750% 8.2204% 8/21/25 (b)(c)(d)
  
31,690
31,611
 CME Term SOFR 1 Month Index + 3.250% 8.706% 1/31/30 (b)(c)(d)
  
322,467
319,242
 CME Term SOFR 1 Month Index + 4.000% 9.356% 1/31/30 (b)(c)(d)
  
145,000
144,638
Fluidra Finco SL Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.000% 7.381% 1/27/29 (b)(c)(d)
  
221,190
220,683
Greystar Real Estate Partners 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1246% 8/21/30 (b)(c)(d)
  
179,550
179,550
Jones DesLauriers Insurance Management, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.6245% 3/15/30 (b)(c)(d)
  
205,000
205,599
Ryan Specialty Group LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.456% 9/1/27 (b)(c)(d)
  
285,093
284,381
TOTAL HOMEBUILDERS/REAL ESTATE
  
  
1,800,866
Hotels - 1.8%
 
  
  
ASP LS Acquisition Corp. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.500% 10.3958% 5/7/28 (b)(c)(d)
  
366,563
335,709
BRE/Everbright M6 Borrower LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.000% 10.4648% 9/9/26 (b)(c)(d)
  
130,414
129,925
Carnival Finance LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.7204% 10/18/28 (b)(c)(d)
  
477,456
477,657
Four Seasons Hotels Ltd. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.956% 11/30/29 (b)(c)(d)
  
74,250
74,454
Hilton Grand Vacations Borrower LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.2204% 8/2/28 (b)(c)(d)
  
1,483,232
1,483,232
Hilton Worldwide Finance LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.000% 7.4569% 11/8/30 (b)(c)(d)
  
126,445
126,830
Marriott Ownership Resorts, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 1.750% 7.206% 8/31/25 (b)(c)(d)
  
397,104
397,104
Oravel Stays Singapore Pte Ltd. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 8.250% 13.8827% 6/23/26 (b)(c)(d)
  
164,572
149,761
Playa Resorts Holding BV Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 8.6083% 1/5/29 (b)(c)(d)
  
297,348
297,348
Travelport Finance Luxembourg SARL 1LN, term loan CME Term SOFR 3 Month Index + 8.750% 12.6517% 2/28/25 (b)(c)(d)
  
722,389
697,308
TOTAL HOTELS
  
  
4,169,328
Insurance - 5.3%
 
  
  
Acrisure LLC:
  
  
  
 Tranche B 1LN, term loan:
 
  
  
CME Term SOFR 1 Month Index + 3.500% 9.1498% 2/15/27 (b)(c)(d)
 
  
1,112,847
1,109,074
CME Term SOFR 1 Month Index + 4.250% 9.8998% 2/15/27 (b)(c)(d)
 
  
871,844
872,934
 Tranche B5 1LN, term loan CME Term SOFR 1 Month Index + 4.500% 9.8882% 11/6/30 (b)(c)(d)
  
724,386
724,987
Alliant Holdings Intermediate LLC Tranche B6 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.8648% 11/6/30 (b)(c)(d)
  
650,768
652,883
AmWINS Group, Inc. Tranche B 1LN, term loan:
  
  
  
 CME Term SOFR 1 Month Index + 2.250% 7.7204% 2/19/28 (b)(c)(d)
  
585,046
585,204
 CME Term SOFR 1 Month Index + 2.750% 8.2204% 2/19/28 (b)(c)(d)
  
138,600
138,838
Amynta Agency Borrower, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.606% 2/28/28 (b)(c)(d)
  
283,577
283,537
AssuredPartners, Inc.:
  
  
  
 Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9704% 2/13/27 (b)(c)(d)
  
436,800
437,512
 Tranche B4 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.2204% 2/13/27 (b)(c)(d)
  
124,688
124,911
Asurion LLC:
  
  
  
 1LN, term loan CME Term SOFR 3 Month Index + 4.000% 9.456% 8/19/28 (b)(c)(d)
  
987,436
982,035
 Tranche B11 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.706% 8/19/28 (b)(c)(d)
  
777,104
773,358
 Tranche B3 2LN, term loan CME Term SOFR 1 Month Index + 5.250% 10.7204% 1/31/28 (b)(c)(d)
  
920,000
874,764
 Tranche B4 2LN, term loan CME Term SOFR 1 Month Index + 5.250% 10.7204% 1/20/29 (b)(c)(d)
  
630,000
592,395
 Tranche B8 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.7204% 12/23/26 (b)(c)(d)
  
970,000
966,770
 Tranche B9 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.7204% 7/31/27 (b)(c)(d)
  
588,363
583,214
HUB International Ltd. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.6619% 7/1/30 (b)(c)(d)
  
1,479,802
1,485,381
USI, Inc. Tranche B 1LN, term loan:
  
  
  
 CME Term SOFR 1 Month Index + 3.000% 8.3481% 11/22/29 (b)(c)(d)
  
740,781
741,359
 CME Term SOFR 1 Month Index + 3.250% 8.5981% 9/27/30 (b)(c)(d)
  
124,688
124,726
TOTAL INSURANCE
  
  
12,053,882
Leisure - 2.6%
 
  
  
Alterra Mountain Co. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9704% 8/17/28 (b)(c)(d)
  
353,131
353,131
Arcis Golf LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.2204% 11/24/28 (b)(c)(d)
  
261,628
262,065
Carnival Finance LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.3574% 8/8/27 (b)(c)(d)
  
388,050
388,372
City Football Group Ltd. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4704% 7/21/28 (b)(c)(d)
  
700,700
695,739
ClubCorp Holdings, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.000% 10.6098% 9/18/26 (b)(c)(d)
  
431,809
415,348
Crown Finance U.S., Inc. 1LN, term loan CME Term SOFR 1 Month Index + 8.500% 14.3811% 7/31/28 (b)(c)(d)
  
154,231
156,352
Delta 2 SARL Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 7.5981% 1/15/30 (b)(c)(d)
  
630,000
631,184
Equinox Holdings, Inc.:
  
  
  
 Tranche 2LN, term loan 3 month U.S. LIBOR + 7.000% 12.6098% 9/8/24 (b)(c)(d)
  
250,000
232,278
 Tranche B-1, term loan 3 month U.S. LIBOR + 3.000% 8.6098% 3/8/24 (b)(c)(d)
  
699,609
682,798
Herschend Entertainment Co. LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.2128% 8/27/28 (b)(c)(d)
  
185,250
185,307
Lids Holdings, Inc. 1LN, term loan CME Term SOFR 3 Month Index + 5.500% 11.0277% 12/14/26 (b)(c)(d)(e)
  
328,125
316,641
SeaWorld Parks & Entertainment, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4704% 8/25/28 (b)(c)(d)
  
293,250
293,470
Topgolf Callaway Brands Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.956% 3/9/30 (b)(c)(d)
  
550,838
550,265
United PF Holdings LLC:
  
  
  
 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.6448% 12/30/26 (b)(c)(d)
  
600,581
534,067
 2LN, term loan 3 month U.S. LIBOR + 8.500% 14.1448% 12/30/27 (b)(c)(d)
  
125,000
88,750
 Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 8.500% 14.1448% 12/30/26 (b)(c)(d)
  
130,613
116,245
TOTAL LEISURE
  
  
5,902,012
Metals/Mining - 0.2%
 
  
  
Arsenal AIC Parent LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.500% 9.856% 8/18/30 (b)(c)(d)
  
309,225
310,094
U.S. Silica Co. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.750% 10.206% 3/23/30 (b)(c)(d)
  
210,163
210,238
TOTAL METALS/MINING
  
  
520,332
Paper - 0.8%
 
  
  
Ahlstrom-Munksjo OYJ 1LN, term loan CME Term SOFR 3 Month Index + 4.000% 9.6098% 2/4/28 (b)(c)(d)
  
148,238
147,497
Clydesdale Acquisition Holdings, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 4.170% 9.631% 4/13/29 (b)(c)(d)
  
1,691,165
1,696,797
TOTAL PAPER
  
  
1,844,294
Publishing/Printing - 0.6%
 
  
  
Century DE Buyer LLC 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.39% 10/30/30 (b)(c)(d)
  
335,000
335,838
Harland Clarke Holdings Corp. 1LN, term loan CME Term SOFR 1 Month Index + 7.750% 13.3598% 6/16/26 (b)(c)(d)
  
218,137
202,687
Learning Care Group (U.S.) No 2, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.750% 10.1302% 8/11/28 (b)(c)(d)
  
239,400
240,477
MJH Healthcare Holdings LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.956% 1/28/29 (b)(c)(d)
  
196,500
195,272
RLG Holdings LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.7204% 7/8/28 (b)(c)(d)
  
279,300
261,704
TOTAL PUBLISHING/PRINTING
  
  
1,235,978
Railroad - 0.5%
 
  
  
AIT Worldwide Logistics Holdings, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 4.750% 10.2074% 4/6/28 (b)(c)(d)
  
288,363
285,479
Genesee & Wyoming, Inc. 1LN, term loan CME Term SOFR 3 Month Index + 2.000% 7.4448% 12/30/26 (b)(c)(d)
  
514,938
515,731
Wwex Unified Topco Holdings LLC 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.6098% 7/26/28 (b)(c)(d)
  
426,300
416,708
TOTAL RAILROAD
  
  
1,217,918
Restaurants - 1.1%
 
  
  
Burger King Worldwide, Inc. Tranche B5 1LN, term loan CME Term SOFR 1 Month Index + 2.250% 7.606% 9/21/30 (b)(c)(d)
  
508,950
508,767
Dave & Buster's, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.25% 6/29/29 (b)(c)(d)
  
337,467
338,010
Flynn Restaurant Group LP Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.7204% 12/1/28 (b)(c)(d)
  
151,900
152,622
Pacific Bells LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.500% 10.1098% 10/20/28 (b)(c)(d)
  
223,858
222,528
PFC Acquisition Corp. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 6.250% 11.7832% 3/1/26 (b)(c)(d)
  
357,188
352,723
Restaurant Technologies, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.250% 9.5981% 4/1/29 (b)(c)(d)
  
181,762
179,718
Whatabrands LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4704% 8/3/28 (b)(c)(d)
  
745,320
745,655
TOTAL RESTAURANTS
  
  
2,500,023
Services - 9.7%
 
  
  
ABG Intermediate Holdings 2 LLC Tranche B1 LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.956% 12/21/28 (b)(c)(d)
  
2,120,598
2,127,956
AEA International Holdings Luxembourg SARL Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.750% 9.3598% 9/7/28 (b)(c)(d)
  
210,700
210,963
AI Aqua Merger Sub, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 7/30/28 (c)(d)(g)
  
740,000
742,546
All-Star Bidco AB:
  
  
  
 Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.900% 8.96% 11/16/28 (b)(c)(d)
  
157,200
156,480
 Tranche B1 1LN, term loan CME Term SOFR 3 Month Index + 3.500% 8.46% 11/16/28 (b)(c)(d)
  
308,700
307,672
Allied Universal Holdco LLC Tranche B 1LN, term loan:
  
  
  
 CME Term SOFR 1 Month Index + 3.750% 9.206% 5/14/28 (b)(c)(d)
  
721,304
717,438
 CME Term SOFR 1 Month Index + 4.750% 10.106% 5/14/28 (b)(c)(d)
  
204,488
204,199
APX Group, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.9244% 7/9/28 (b)(c)(d)
  
415,438
415,113
Aramark Services, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.9704% 6/22/30 (b)(c)(d)
  
74,943
75,025
Archkey Holdings, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.250% 10.7204% 6/30/28 (b)(c)(d)
  
137,538
134,787
Ascend Learning LLC:
  
  
  
 2LN, term loan CME Term SOFR 1 Month Index + 5.750% 11.206% 12/10/29 (b)(c)(d)
  
180,000
153,835
 Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.956% 12/10/28 (b)(c)(d)
  
749,056
735,117
Avis Budget Group, Inc. Tranche C 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.456% 3/16/29 (b)(c)(d)
  
68,242
68,306
Brand Energy & Infrastructure Services, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.500% 10.8771% 8/1/30 (b)(c)(d)
  
648,375
643,746
Cast & Crew Payroll LLC Tranche B 1LN, term loan:
  
  
  
 CME Term SOFR 1 Month Index + 3.500% 9.2204% 2/7/26 (b)(c)(d)
  
574,836
574,059
 CME Term SOFR 1 Month Index + 3.750% 9.106% 12/30/28 (b)(c)(d)
  
208,934
208,151
CHG Healthcare Services, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.7204% 9/30/28 (b)(c)(d)
  
200,019
200,041
CoreLogic, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9704% 6/2/28 (b)(c)(d)
  
987,275
958,279
EAB Global, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9704% 8/16/28 (b)(c)(d)
  
336,167
335,243
EmployBridge LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.750% 10.4071% 7/19/28 (b)(c)(d)
  
498,525
406,298
Ensemble RCM LLC 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.2332% 8/1/26 (b)(c)(d)
  
446,273
446,750
Filtration Group Corp. 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.7204% 10/19/28 (b)(c)(d)
  
443,916
445,395
Flexera Software LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.2204% 3/3/28 (b)(c)(d)
  
446,193
445,287
Franchise Group, Inc. Tranche B 1LN, term loan:
  
  
  
 CME Term SOFR 3 Month Index + 4.750% 10.3944% 3/10/26 (b)(c)(d)
  
158,800
126,048
 CME Term SOFR 3 Month Index + 4.750% 10.4374% 3/10/26 (b)(c)(d)
  
631,426
501,353
Galaxy U.S. Opco, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 4.750% 10.1332% 4/29/29 (b)(c)(d)
  
362,250
297,045
GEMS MENASA Cayman Ltd. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.750% 10.3998% 7/30/26 (b)(c)(d)
  
510,798
511,759
Greeneden U.S. Holdings II LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.4704% 12/1/27 (b)(c)(d)
  
364,688
365,858
HomeServe U.S.A. Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.3579% 10/13/30 (b)(c)(d)
  
420,000
421,117
Indy U.S. Bidco LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.106% 3/5/28 (b)(c)(d)
  
330,688
315,973
Ion Trading Finance Ltd. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.750% 10.1981% 3/26/28 (b)(c)(d)
  
447,262
446,985
KNS Acquisitions, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 6.250% 11.7204% 4/21/27 (b)(c)(d)
  
309,202
272,485
KUEHG Corp. 1LN, term loan CME Term SOFR 1 Month Index + 5.000% 10.3481% 6/12/30 (b)(c)(d)
  
997,500
1,000,672
Life Time, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 10.1113% 1/15/26 (b)(c)(d)
  
170,000
170,765
Maverick Purchaser Sub LLC:
  
  
  
 Tranche B 1LN, term loan:
 
  
  
CME Term SOFR 1 Month Index + 4.000% 9.3579% 2/15/29 (b)(c)(d)
 
  
157,600
157,364
CME Term SOFR 1 Month Index + 4.000% 9.4704% 1/23/27 (b)(c)(d)
 
  
680,325
679,685
 Tranche B 2LN, term loan CME Term SOFR 1 Month Index + 8.750% 14.2204% 1/31/28 (b)(c)(d)
  
200,000
198,250
Neptune BidCo U.S., Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.000% 10.5067% 4/11/29 (b)(c)(d)
  
1,373,100
1,251,237
Omnia Partners LLC:
  
  
  
 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.6282% 7/25/30 (b)(c)(d)
  
374,792
376,902
 Tranche DD 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 7/25/30 (c)(d)(h)
  
35,208
35,406
Optiv Security, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.250% 10.6296% 8/14/26 (b)(c)(d)
  
269,325
256,263
PowerTeam Services LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.500% 8.9481% 3/6/25 (b)(c)(d)
  
326,625
306,518
Sabert Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.2195% 12/16/26 (b)(c)(d)
  
388,660
390,848
Sedgwick Claims Management Services, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.106% 2/24/28 (b)(c)(d)
  
203,724
204,205
Sitel Worldwide Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.2204% 8/27/28 (b)(c)(d)
  
59,138
56,654
Sotheby's Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.500% 10.1555% 1/15/27 (b)(c)(d)
  
214,452
211,370
Spin Holdco, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.000% 9.6246% 3/4/28 (b)(c)(d)
  
1,885,891
1,650,833
The GEO Group, Inc. Tranche 1B 1LN, term loan CME Term SOFR 1 Month Index + 7.120% 12.481% 3/23/27 (b)(c)(d)
  
247,029
251,572
Uber Technologies, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.1346% 3/3/30 (b)(c)(d)
  
655,636
657,210
WMB Holdings, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.706% 11/3/29 (b)(c)(d)
  
184,470
184,701
TOTAL SERVICES
  
  
22,011,764
Specialty Retailing - 0.2%
 
  
  
New SK Holdco Sub LLC 1LN, term loan CME Term SOFR 1 Month Index + 8.350% 13.7069% 6/30/27 (b)(c)(d)
  
368,954
365,634
Steel - 0.2%
 
  
  
JMC Steel Group, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 2.000% 7.4763% 1/24/27 (b)(c)(d)
  
477,014
477,114
Super Retail - 3.6%
 
  
  
Academy Ltd. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.2073% 11/6/27 (b)(c)(d)
  
299,609
299,424
At Home Group, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.7055% 7/24/28 (b)(c)(d)
  
249,900
107,874
Bass Pro Group LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.2204% 3/5/28 (b)(c)(d)
  
5,910,079
5,904,159
BJ's Wholesale Club, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.000% 7.3598% 2/3/29 (b)(c)(d)
  
186,667
187,484
Empire Today LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.000% 10.4704% 4/1/28 (b)(c)(d)
  
273,684
211,911
Harbor Freight Tools U.S.A., Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.2204% 10/19/27 (b)(c)(d)
  
212,692
212,256
LBM Acquisition LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.206% 12/18/27 (b)(c)(d)
  
318,595
314,415
Michaels Companies, Inc. 1LN, term loan CME Term SOFR 3 Month Index + 4.250% 9.8598% 4/15/28 (b)(c)(d)
  
449,212
371,499
RH Tranche B2 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.706% 10/20/28 (b)(c)(d)
  
444,375
432,710
TOTAL SUPER RETAIL
  
  
8,041,732
Technology - 15.5%
 
  
  
A&V Holdings Midco LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 5.370% 10.987% 3/10/27 (b)(c)(d)
  
250,338
245,957
Acuris Finance U.S., Inc. 1LN, term loan CME Term SOFR 3 Month Index + 4.000% 9.4981% 2/16/28 (b)(c)(d)
  
240,365
239,838
AI Aqua Merger Sub, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.0928% 7/30/28 (b)(c)(d)
  
771,640
771,208
Alliance Laundry Systems LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.500% 8.9938% 10/8/27 (b)(c)(d)
  
198,598
199,038
Anastasia Parent LLC Tranche B, term loan CME Term SOFR 3 Month Index + 3.750% 9.3598% 8/10/25 (b)(c)(d)
  
785,161
471,096
Applied Systems, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.500% 9.8481% 9/19/26 (b)(c)(d)
  
416,850
418,317
Aptean, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.706% 4/23/26 (b)(c)(d)
  
354,458
353,423
Arches Buyer, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.706% 12/4/27 (b)(c)(d)
  
167,877
163,914
Athenahealth Group, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.606% 2/15/29 (b)(c)(d)
  
1,383,833
1,376,222
AZZ, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.106% 5/13/29 (b)(c)(d)
  
324,925
326,027
Byju's Alpha, Inc. Tranche B 1LN, term loan 3 month U.S. LIBOR + 8.000% 15.5% 11/24/26 (b)(c)(d)
  
456,006
158,083
Camelot Finance SA:
  
  
  
 Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4704% 10/31/26 (b)(c)(d)
  
391,327
391,718
 Tranche B, term loan CME Term SOFR 1 Month Index + 3.000% 8.4704% 10/31/26 (b)(c)(d)
  
457,328
457,557
Central Parent, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.3481% 7/6/29 (b)(c)(d)
  
544,743
546,911
Cloud Software Group, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.500% 9.9481% 3/30/29 (b)(c)(d)
  
1,270,063
1,238,159
Coherent Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.2204% 7/1/29 (b)(c)(d)
  
607,356
608,371
CommScope, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.7204% 4/4/26 (b)(c)(d)
  
482,769
430,268
ConnectWise LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9704% 9/30/28 (b)(c)(d)
  
616,867
614,745
Constant Contact, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.6874% 2/10/28 (b)(c)(d)
  
178,921
174,448
DCert Buyer, Inc.:
  
  
  
 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.356% 10/16/26 (b)(c)(d)
  
897,721
888,340
 Tranche B 2LN, term loan CME Term SOFR 3 Month Index + 7.000% 12.356% 2/19/29 (b)(c)(d)
  
305,000
276,342
DG Investment Intermediate Holdings, Inc.:
  
  
  
 2LN, term loan CME Term SOFR 1 Month Index + 6.750% 12.2204% 3/31/29 (b)(c)(d)
  
95,000
85,341
 Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.2204% 3/31/28 (b)(c)(d)
  
404,638
400,305
Entegris, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 7.8483% 7/6/29 (b)(c)(d)
  
313,037
314,080
Eos U.S. Finco LLC 1LN, term loan CME Term SOFR 3 Month Index + 6.000% 11.0981% 10/6/29 (b)(c)(d)
  
169,693
155,270
Epicor Software Corp. 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.106% 7/31/27 (b)(c)(d)
  
250,000
252,000
Gen Digital, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.000% 7.456% 9/12/29 (b)(c)(d)
  
997,015
997,324
Go Daddy Operating Co. LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.000% 7.4628% 8/10/27 (b)(c)(d)
  
361,875
362,291
GoDaddy, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 7.856% 11/9/29 (b)(c)(d)
  
281,494
282,223
Helios Software Holdings, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.6981% 7/18/30 (b)(c)(d)
  
89,775
89,551
Icon Luxembourg Sarl Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 2.250% 7.8598% 7/3/28 (b)(c)(d)
  
946,236
948,895
Imprivata, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.2204% 12/1/27 (b)(c)(d)
  
457,075
458,135
McAfee Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1928% 3/1/29 (b)(c)(d)
  
1,119,706
1,112,013
MH Sub I LLC:
  
  
  
 Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.606% 5/3/28 (b)(c)(d)
  
1,553,700
1,525,004
 Tranche B 2LN, term loan CME Term SOFR 1 Month Index + 6.250% 11.606% 2/23/29 (b)(c)(d)
  
250,000
232,053
MKS Instruments, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.841% 8/17/29 (b)(c)(d)
  
671,500
672,339
NCR Atleos Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.750% 10.206% 3/27/29 (b)(c)(d)
  
340,000
337,593
Open Text Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.1984% 1/31/30 (b)(c)(d)
  
876,528
877,957
Park Place Technologies LLC 1LN, term loan CME Term SOFR 1 Month Index + 5.000% 10.456% 11/10/27 (b)(c)(d)
  
422,213
419,347
Peraton Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.206% 2/1/28 (b)(c)(d)
  
1,652,987
1,655,054
Polaris Newco LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.4704% 6/2/28 (b)(c)(d)
  
1,885,135
1,857,330
Project Alpha Intermediate Holding, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.750% 10.0929% 10/26/30 (b)(c)(d)
  
615,000
617,048
Project Boost Purchaser LLC 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9704% 5/30/26 (b)(c)(d)
  
359,063
358,980
Proofpoint, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.7128% 8/31/28 (b)(c)(d)
  
746,964
746,188
Rackspace Technology Global, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.2303% 2/15/28 (b)(c)(d)
  
1,147,841
496,441
RealPage, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4628% 4/22/28 (b)(c)(d)
  
730,726
724,061
Red Planet Borrower LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.206% 9/30/28 (b)(c)(d)
  
376,081
360,710
Renaissance Holdings Corp. 1LN, term loan CME Term SOFR 1 Month Index + 4.750% 10.0984% 4/7/30 (b)(c)(d)
  
663,338
664,903
Roper Industrial Products Investment Co. 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.3481% 11/22/29 (b)(c)(d)
  
158,802
159,040
Sophia LP Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.500% 8.956% 10/7/27 (b)(c)(d)
  
640,968
641,570
Sovos Compliance LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.500% 9.9704% 8/11/28 (b)(c)(d)
  
65,527
64,626
SS&C Technologies, Inc.:
  
  
  
 Tranche B 3LN, term loan 3 month U.S. LIBOR + 1.750% 7.2204% 4/16/25 (b)(c)(d)
  
262,186
262,493
 Tranche B 4LN, term loan CME Term SOFR 1 Month Index + 1.750% 7.2204% 4/16/25 (b)(c)(d)
  
247,562
247,852
 Tranche B 5LN, term loan CME Term SOFR 1 Month Index + 1.750% 7.2204% 4/16/25 (b)(c)(d)
  
494,083
494,528
Tempo Acquisition LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.106% 8/31/28 (b)(c)(d)
  
219,172
219,955
TTM Technologies, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.0928% 5/30/30 (b)(c)(d)
  
140,894
140,894
Ukg, Inc.:
  
  
  
 1LN, term loan:
 
  
  
CME Term SOFR 1 Month Index + 4.500% 9.9882% 5/4/26 (b)(c)(d)
 
  
203,975
204,485
CME Term SOFR 3 Month Index + 3.250% 8.7643% 5/4/26 (b)(c)(d)
 
  
581,032
581,979
CME Term SOFR 3 Month Index + 3.750% 9.2332% 5/4/26 (b)(c)(d)
 
  
1,006,480
1,008,100
 2LN, term loan CME Term SOFR 3 Month Index + 5.250% 10.7643% 5/3/27 (b)(c)(d)
  
730,000
730,131
Veritas U.S., Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.000% 10.4704% 9/1/25 (b)(c)(d)
  
465,495
385,681
Verscend Holding Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.4704% 8/27/25 (b)(c)(d)
  
507,663
508,084
VFH Parent LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.456% 1/13/29 (b)(c)(d)
  
575,667
576,098
VM Consolidated, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.7204% 3/27/28 (b)(c)(d)
  
288,806
289,817
VS Buyer LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.706% 2/28/27 (b)(c)(d)
  
510,125
510,763
Weber-Stephen Products LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.7204% 10/30/27 (b)(c)(d)
  
333,446
290,455
Zelis Payments Buyer, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9704% 9/30/26 (b)(c)(d)
  
373,170
373,555
TOTAL TECHNOLOGY
  
  
35,042,524
Telecommunications - 3.3%
 
  
  
Altice Financing SA Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.000% 10.3939% 10/31/27 (b)(c)(d)
  
471,438
468,199
Altice France SA Tranche B14 1LN, term loan CME Term SOFR 1 Month Index + 5.500% 10.8939% 8/15/28 (b)(c)(d)
  
976,121
874,038
Aventiv Technologies LLC Tranche B, term loan:
  
  
  
 3 month U.S. LIBOR + 4.500% 10.231% 11/1/24 (b)(c)(d)
  
707,907
544,649
 3 month U.S. LIBOR + 8.250% 13.981% 11/1/25 (b)(c)(d)
  
1,100,000
550,000
Cablevision Lightpath LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.7263% 11/30/27 (b)(c)(d)
  
207,610
206,794
Connect U.S. Finco LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.856% 12/12/26 (b)(c)(d)
  
124,705
124,619
Consolidated Communications, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9704% 10/2/27 (b)(c)(d)
  
264,182
244,907
Crown Subsea Communications Holding, Inc.:
  
  
  
 1LN, term loan CME Term SOFR 1 Month Index + 5.250% 10.7073% 4/27/27 (b)(c)(d)
  
204,750
205,432
 Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.000% 10.4573% 4/27/27 (b)(c)(d)
  
212,363
213,372
Frontier Communications Holdings LLC Tranche B 1LN, term loan 3 month U.S. LIBOR + 3.750% 9.2204% 10/8/27 (b)(c)(d)
  
830,241
825,052
GTT Communications, Inc. 1LN, term loan CME Term SOFR 3 Month Index + 9.000% 14.4901% 6/30/28 (b)(c)(d)
  
136,733
86,142
Gtt Remainco LLC 1LN, term loan CME Term SOFR 1 Month Index + 7.000% 12.4484% 12/30/27 (b)(c)(d)
  
172,022
148,584
Lumen Technologies, Inc. Tranche A 1LN, term loan CME Term SOFR 1 Month Index + 2.000% 7.4704% 1/31/25 (b)(c)(d)
  
0
0
Northwest Fiber LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.3898% 4/30/27 (b)(c)(d)
  
685,855
684,655
Patagonia Holdco LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 5.750% 11.1157% 8/1/29 (b)(c)(d)
  
432,326
391,255
Radiate Holdco LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.250% 8.7204% 9/25/26 (b)(c)(d)
  
433,766
345,759
Windstream Services LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 6.250% 11.706% 9/21/27 (b)(c)(d)
  
85,813
80,843
Zayo Group Holdings, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4704% 3/9/27 (b)(c)(d)
  
1,763,763
1,509,817
TOTAL TELECOMMUNICATIONS
  
  
7,504,117
Textiles/Apparel - 0.5%
 
  
  
Crocs, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4981% 2/19/29 (b)(c)(d)
  
552,479
553,932
Fanatics Commerce Intermediate Holdco LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.250% 8.7204% 11/23/28 (b)(c)(d)
  
76,336
75,859
Jo-Ann Stores LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.750% 10.3912% 7/7/28 (b)(c)(d)
  
294,724
13,472
Tory Burch LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.7204% 4/16/28 (b)(c)(d)
  
429,000
427,460
TOTAL TEXTILES/APPAREL
  
  
1,070,723
Utilities - 1.8%
 
  
  
Brookfield WEC Holdings, Inc.:
  
  
  
 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.106% 8/1/25 (b)(c)(d)
  
182,688
183,144
 Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.2204% 8/1/25 (b)(c)(d)
  
810,774
812,330
Generation Bridge Northeast LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.606% 8/7/29 (b)(c)(d)
  
215,384
216,013
Limetree Bay Terminals LLC Tranche B 1LN, term loan 3 month U.S. LIBOR + 4.000% 10.6098% 2/15/24 (b)(c)(d)
  
877,208
783,460
Luxembourg Investment Co. 428 SARL Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 5.000% 10.4338% 1/3/29 (b)(c)(d)
  
200,343
88,486
PG&E Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 7.856% 6/23/25 (b)(c)(d)
  
270,000
270,043
Pike Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4704% 1/21/28 (b)(c)(d)
  
154,589
154,911
Vertiv Group Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.9743% 3/2/27 (b)(c)(d)
  
841,321
843,744
Vistra Operations Co. LLC Tranche B 3LN, term loan CME Term SOFR 1 Month Index + 1.750% 7.356% 12/31/25 (b)(c)(d)
  
668,666
668,472
TOTAL UTILITIES
  
  
4,020,603
 
TOTAL BANK LOAN OBLIGATIONS
 (Cost $201,992,246)
  
  
  
196,614,117
 
  
  
  
Nonconvertible Bonds - 5.8%
 
  
Principal
Amount (a)
 
Value ($)
 
Aerospace - 0.2%
 
  
  
TransDigm, Inc. 6.25% 3/15/26 (i)
  
500,000
499,136
Air Transportation - 0.1%
 
  
  
American Airlines, Inc. / AAdvantage Loyalty IP Ltd. 5.5% 4/20/26 (i)
  
137,500
136,508
Delta Air Lines, Inc. / SkyMiles IP Ltd. 4.5% 10/20/25 (i)
  
76,565
75,402
TOTAL AIR TRANSPORTATION
  
  
211,910
Automotive & Auto Parts - 0.6%
 
  
  
Clarios Global LP / Clarios U.S. Finance Co. 6.75% 5/15/28 (i)
  
150,000
153,032
Rivian Holdco & Rivian LLC & Rivian Automotive LLC 6 month U.S. LIBOR + 5.620% 11.4932% 10/15/26 (b)(c)(i)
  
1,295,000
1,291,122
TOTAL AUTOMOTIVE & AUTO PARTS
  
  
1,444,154
Broadcasting - 0.3%
 
  
  
DISH Network Corp. 11.75% 11/15/27 (i)
  
350,000
365,350
Univision Communications, Inc. 6.625% 6/1/27 (i)
  
255,000
254,305
TOTAL BROADCASTING
  
  
619,655
Building Materials - 0.1%
 
  
  
Smyrna Ready Mix LLC 8.875% 11/15/31 (i)
  
210,000
220,747
Cable/Satellite TV - 0.2%
 
  
  
CCO Holdings LLC/CCO Holdings Capital Corp.:
  
  
  
 5% 2/1/28 (i)
  
140,000
133,950
 5.375% 6/1/29 (i)
  
285,000
268,637
TOTAL CABLE/SATELLITE TV
  
  
402,587
Capital Goods - 0.0%
 
  
  
Chart Industries, Inc. 7.5% 1/1/30 (i)
  
30,000
31,357
Chemicals - 0.1%
 
  
  
Kronos Acquisition Holdings, Inc. / KIK Custom Products, Inc. 5% 12/31/26 (i)
  
5,000
4,875
Olympus Water U.S. Holding Corp. 9.75% 11/15/28 (i)
  
200,000
212,279
TOTAL CHEMICALS
  
  
217,154
Containers - 0.2%
 
  
  
Ardagh Packaging Finance PLC/Ardagh MP Holdings U.S.A., Inc. 4.125% 8/15/26 (i)
  
415,000
378,688
Energy - 0.5%
 
  
  
Citgo Petroleum Corp.:
  
  
  
 6.375% 6/15/26 (i)
  
35,000
34,884
 7% 6/15/25 (i)
  
100,000
99,837
 8.375% 1/15/29 (i)
  
250,000
257,083
New Fortress Energy, Inc.:
  
  
  
 6.5% 9/30/26 (i)
  
519,000
498,449
 6.75% 9/15/25 (i)
  
185,000
183,524
Transocean Poseidon Ltd. 6.875% 2/1/27 (i)
  
105,000
104,479
TOTAL ENERGY
  
  
1,178,256
Gaming - 0.7%
 
  
  
Caesars Entertainment, Inc. 7% 2/15/30 (i)
  
135,000
138,434
Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc. 4.625% 1/15/29 (i)
  
875,000
793,949
Golden Entertainment, Inc. 7.625% 4/15/26 (i)
  
250,000
250,625
Ontario Gaming GTA LP 8% 8/1/30 (i)
  
10,000
10,313
Sugarhouse HSP Gaming Prop Mezz LP/Sugarhouse HSP Gaming Finance Corp. 5.875% 5/15/25 (i)
  
300,000
298,021
VICI Properties LP / VICI Note Co.:
  
  
  
 3.5% 2/15/25 (i)
  
35,000
34,105
 4.25% 12/1/26 (i)
  
50,000
48,118
TOTAL GAMING
  
  
1,573,565
Homebuilders/Real Estate - 0.3%
 
  
  
MPT Operating Partnership LP/MPT Finance Corp. 5% 10/15/27
 
435,000
355,316
Uniti Group LP / Uniti Group Finance, Inc. 10.5% 2/15/28 (i)
  
335,000
339,625
TOTAL HOMEBUILDERS/REAL ESTATE
  
  
694,941
Insurance - 0.1%
 
  
  
Alliant Holdings Intermediate LLC 6.75% 4/15/28 (i)
  
295,000
301,794
Leisure - 0.2%
 
  
  
Carnival Corp. 7.625% 3/1/26 (i)
  
80,000
81,446
Royal Caribbean Cruises Ltd.:
  
  
  
 8.25% 1/15/29 (i)
  
145,000
154,091
 11.625% 8/15/27 (i)
  
100,000
108,816
TOTAL LEISURE
  
  
344,353
Metals/Mining - 0.0%
 
  
  
Arsenal AIC Parent LLC 8% 10/1/30 (i)
  
15,000
15,650
Paper - 0.0%
 
  
  
Ardagh Metal Packaging Finance U.S.A. LLC/Ardagh Metal Packaging Finance PLC 3.25% 9/1/28 (i)
  
135,000
118,101
Services - 0.4%
 
  
  
Brand Energy & Infrastructure Services, Inc. 10.375% 8/1/30 (i)
  
90,000
95,178
Neptune BidCo U.S., Inc. 9.29% 4/15/29 (i)
  
120,000
111,600
PowerTeam Services LLC 9.033% 12/4/25 (i)
  
670,000
633,827
TOTAL SERVICES
  
  
840,605
Super Retail - 0.2%
 
  
  
EG Global Finance PLC 12% 11/30/28 (i)
  
365,000
388,736
Technology - 0.1%
 
  
  
Cloud Software Group, Inc. 9% 9/30/29 (i)
  
160,000
152,072
CNT PRNT/CDK GLO II/FIN 8% 6/15/29 (i)
  
80,000
83,501
TOTAL TECHNOLOGY
  
  
235,573
Telecommunications - 1.4%
 
  
  
Altice Financing SA 5.75% 8/15/29 (i)
  
1,000,000
888,281
Altice France SA:
  
  
  
 5.125% 1/15/29 (i)
  
80,000
62,202
 5.125% 7/15/29 (i)
  
145,000
112,606
 5.5% 1/15/28 (i)
  
1,000,000
823,582
Frontier Communications Holdings LLC 5% 5/1/28 (i)
  
160,000
147,868
Intelsat Jackson Holdings SA 6.5% 3/15/30 (i)
  
535,000
509,643
LCPR Senior Secured Financing DAC 6.75% 10/15/27 (i)
  
220,000
215,481
Windstream Escrow LLC 7.75% 8/15/28 (i)
  
500,000
437,876
TOTAL TELECOMMUNICATIONS
  
  
3,197,539
Utilities - 0.1%
 
  
  
Exgen Texas Power LLC 3 month U.S. LIBOR + 6.750% 12.4178% 10/8/26 (b)(c)(e)
  
287,146
292,171
 
TOTAL NONCONVERTIBLE BONDS
 (Cost $13,588,246)
  
  
  
13,206,672
 
  
  
  
Common Stocks - 2.0%
 
  
Shares
Value ($)
 
Capital Goods - 0.1%
 
  
  
TNT Crane & Rigging LLC (e)(j)
  
24,748
182,145
TNT Crane & Rigging LLC warrants 10/31/25 (e)(j)
  
3,037
61
TOTAL CAPITAL GOODS
  
  
182,206
Diversified Financial Services - 0.3%
 
  
  
ACNR Holdings, Inc. (e)
  
8,389
712,562
Carnelian Point Holdings LP warrants (e)(j)
  
367
1,072
Lime Tree Bay Ltd. (e)(j)
  
153
11,625
TOTAL DIVERSIFIED FINANCIAL SERVICES
  
  
725,259
Energy - 0.9%
 
  
  
California Resources Corp.
 
10,479
572,992
California Resources Corp. warrants 10/27/24 (j)
  
920
17,830
Chesapeake Energy Corp. (k)
  
9,834
756,628
Chesapeake Energy Corp. (l)
  
137
10,541
EP Energy Corp. (e)(j)
  
3,190
5,487
Exxon Mobil Corp.
 
6,304
630,274
TOTAL ENERGY
  
  
1,993,752
Entertainment/Film - 0.1%
 
  
  
New Cineworld Ltd. (e)
  
7,038
138,578
Restaurants - 0.1%
 
  
  
CEC Entertainment, Inc. (e)
  
15,069
274,256
Super Retail - 0.0%
 
  
  
David's Bridal, Inc. rights (e)(j)
  
156
0
Telecommunications - 0.1%
 
  
  
GTT Communications, Inc. (e)
  
3,248
114,102
Utilities - 0.4%
 
  
  
TexGen Power LLC (e)(j)
  
25,327
985,220
 
TOTAL COMMON STOCKS
 (Cost $3,193,546)
  
  
  
4,413,373
 
  
  
  
Preferred Securities - 0.7%
 
  
Principal
Amount (a)
 
Value ($)
 
Banks & Thrifts - 0.3%
 
  
  
Bank of America Corp. 6.25% (b)(m)
  
295,000
292,283
JPMorgan Chase & Co.:
  
  
  
 CME Term SOFR 3 Month Index + 3.560% 8.9387% (b)(c)(m)
  
130,000
131,138
 6.1% (b)(m)
  
154,000
153,155
 6.75% (b)(m)
  
171,000
170,653
TOTAL BANKS & THRIFTS
  
  
747,229
Energy - 0.4%
 
  
  
Energy Transfer LP 3 month U.S. LIBOR + 4.020% 9.6693% (b)(c)(m)
  
785,000
753,847
 
TOTAL PREFERRED SECURITIES
 (Cost $1,456,446)
  
  
  
1,501,076
 
  
  
  
Money Market Funds - 5.1%
 
  
Shares
Value ($)
 
Fidelity Cash Central Fund 5.40% (n)
  
10,784,496
10,786,653
Fidelity Securities Lending Cash Central Fund 5.40% (n)(o)
  
776,572
776,650
 
TOTAL MONEY MARKET FUNDS
 (Cost $11,563,025)
  
  
11,563,303
 
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 100.5%
 (Cost $231,793,509)
 
  
 
227,298,541
NET OTHER ASSETS (LIABILITIES) - (0.5)%  
(1,140,334)
NET ASSETS - 100.0%
226,158,207
 
  
Legend
 
(a)
Amount is stated in United States dollars unless otherwise noted.
 
(b)
Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.
 
(c)
Coupon is indexed to a floating interest rate which may be multiplied by a specified factor and/or subject to caps or floors.
 
(d)
Remaining maturities of bank loan obligations may be less than the stated maturities shown as a result of contractual or optional prepayments by the borrower.  Such prepayments cannot be predicted with certainty.
 
(e)
Level 3 security
 
(f)
Non-income producing - Security is in default.
 
(g)
The coupon rate will be determined upon settlement of the loan after period end.
 
(h)
Position or a portion of the position represents an unfunded loan commitment.  At period end, the total principal amount and market value of unfunded commitments totaled $35,208 and $35,406, respectively.
 
(i)
Security exempt from registration under Rule 144A of the Securities Act of 1933.  These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $12,559,185 or 5.6% of net assets.
 
(j)
Non-income producing
 
(k)
Security or a portion of the security is on loan at period end.
 
(l)
Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues).  At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $10,541 or 0.0% of net assets.
 
(m)
Security is perpetual in nature with no stated maturity date.
 
(n)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
 
(o)
Investment made with cash collateral received from securities on loan.
 
 
 
Additional information on each restricted holding is as follows:
Security
Acquisition Date
Acquisition Cost ($)
 
Chesapeake Energy Corp.
2/10/21
1,297
 
  
  
 
Affiliated Central Funds
 
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
 
 
Affiliate
Value,
beginning
of period ($)
Purchases ($)
Sales
Proceeds ($)
Dividend
Income ($)
Realized
Gain (loss) ($)
Change in
Unrealized
appreciation
(depreciation) ($)
Value,
end
of period ($)
% ownership,
end
of period
Fidelity Cash Central Fund 5.40%
12,372,947
11,360,422
12,946,716
147,699
-
-
10,786,653
0.0%
Fidelity Securities Lending Cash Central Fund 5.40%
867,300
260,920
351,570
160
-
-
776,650
0.0%
Total
13,240,247
11,621,342
13,298,286
147,859
-
-
11,563,303
  
 
  
  
  
  
  
  
  
  
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
 
 
Amounts in the dividend income column for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.
 
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.   
 
The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
 
Level 1 - Unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)
 
Valuation techniques used to value investments by major category are as follows:
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing service on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For any foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.
 
Securities, including private placements or other restricted securities, for which observable inputs are not available are valued using alternate valuation approaches, including the market approach, the income approach and cost approach, and are categorized as Level 3 in the hierarchy. The market approach considers factors including the price of recent investments in the same or a similar security or financial metrics of comparable securities. The income approach considers factors including expected future cash flows, security specific risks and corresponding discount rates. The cost approach considers factors including the value of the security's underlying assets and liabilities.
 
Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing services or from brokers who make markets in such securities. Bank Loan Obligations, Nonconvertible Bonds and Preferred Securities are valued by pricing services who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing services. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
 
The Fund invests a significant portion of its assets in below investment grade securities. The value of these securities can be more volatile due to changes in the credit quality of the issuer and is sensitive to changes in economic, market and regulatory conditions.
 
Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
 
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.
 
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.
 
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.
 
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