Corporate Bonds - 85.9%
|
|||
Principal
Amount (a)
(000s)
|
Value ($)
(000s)
|
||
Convertible Bonds - 1.8%
|
|||
Broadcasting - 1.2%
|
|||
DISH Network Corp.:
|
|||
0% 12/15/25
|
3,198
|
2,275
|
|
2.375% 3/15/24
|
15,317
|
14,963
|
|
3.375% 8/15/26
|
25,125
|
14,573
|
|
31,811
|
|||
Energy - 0.1%
|
|||
NextEra Energy Partners LP 2.5% 6/15/26 (b)
|
2,162
|
1,940
|
|
Homebuilders/Real Estate - 0.2%
|
|||
Redfin Corp. 0.5% 4/1/27
|
7,405
|
4,563
|
|
Services - 0.0%
|
|||
Uber Technologies, Inc. 0.875% 12/1/28 (b)
|
110
|
123
|
|
Technology - 0.2%
|
|||
Seagate HDD Cayman 3.5% 6/1/28 (b)
|
2,701
|
3,247
|
|
Western Digital Corp. 3% 11/15/28 (b)
|
2,570
|
3,333
|
|
6,580
|
|||
Utilities - 0.1%
|
|||
PG&E Corp. 4.25% 12/1/27 (b)
|
2,633
|
2,679
|
|
TOTAL CONVERTIBLE BONDS
|
47,696
|
||
Nonconvertible Bonds - 84.1%
|
|||
Aerospace - 2.3%
|
|||
ATI, Inc. 5.875% 12/1/27
|
3,130
|
3,068
|
|
Bombardier, Inc.:
|
|||
7.875% 4/15/27 (b)
|
8,306
|
8,295
|
|
8.75% 11/15/30 (b)
|
1,235
|
1,296
|
|
BWX Technologies, Inc. 4.125% 6/30/28 (b)
|
7,903
|
7,419
|
|
Howmet Aerospace, Inc.:
|
|||
5.9% 2/1/27
|
1,380
|
1,400
|
|
6.875% 5/1/25
|
1,380
|
1,403
|
|
Kaiser Aluminum Corp.:
|
|||
4.5% 6/1/31 (b)
|
360
|
307
|
|
4.625% 3/1/28 (b)
|
1,205
|
1,110
|
|
Moog, Inc. 4.25% 12/15/27 (b)
|
410
|
384
|
|
Spirit Aerosystems, Inc. 9.75% 11/15/30 (b)
|
1,915
|
2,010
|
|
TransDigm, Inc.:
|
|||
4.625% 1/15/29
|
5,930
|
5,545
|
|
5.5% 11/15/27
|
20,422
|
19,937
|
|
6.25% 3/15/26 (b)
|
1,225
|
1,217
|
|
6.75% 8/15/28 (b)
|
4,100
|
4,162
|
|
7.125% 12/1/31 (b)
|
1,560
|
1,626
|
|
VistaJet Malta Finance PLC / XO Management Holding, Inc. 9.5% 6/1/28 (b)
|
1,380
|
1,169
|
|
60,348
|
|||
Air Transportation - 1.1%
|
|||
Air Canada 3.875% 8/15/26 (b)
|
530
|
504
|
|
American Airlines, Inc.:
|
|||
7.25% 2/15/28 (b)
|
1,370
|
1,389
|
|
8.5% 5/15/29 (b)
|
1,920
|
2,035
|
|
American Airlines, Inc. / AAdvantage Loyalty IP Ltd. 5.5% 4/20/26 (b)
|
6,904
|
6,828
|
|
Hawaiian Brand Intellectual Property Ltd. / HawaiianMiles Loyalty Ltd. 5.75% 1/20/26 (b)
|
1,445
|
1,360
|
|
Mileage Plus Holdings LLC 6.5% 6/20/27 (b)
|
966
|
967
|
|
Rand Parent LLC 8.5% 2/15/30 (b)
|
14,881
|
14,733
|
|
Spirit Loyalty Cayman Ltd. / Spirit IP Cayman Ltd. 8% 9/20/25 (b)
|
2,600
|
1,697
|
|
29,513
|
|||
Automotive - 0.3%
|
|||
Ford Motor Co.:
|
|||
6.1% 8/19/32
|
3,105
|
3,111
|
|
7.4% 11/1/46
|
1,085
|
1,177
|
|
Ford Motor Credit Co. LLC 3.625% 6/17/31
|
3,945
|
3,395
|
|
7,683
|
|||
Automotive & Auto Parts - 2.6%
|
|||
Adient Global Holdings Ltd. 7% 4/15/28 (b)
|
815
|
833
|
|
Dana, Inc.:
|
|||
4.25% 9/1/30
|
1,115
|
975
|
|
5.375% 11/15/27
|
745
|
727
|
|
Ford Motor Co.:
|
|||
3.25% 2/12/32
|
2,745
|
2,272
|
|
5.291% 12/8/46
|
550
|
487
|
|
Ford Motor Credit Co. LLC:
|
|||
U.S. Secured Overnight Fin. Rate (SOFR) Index + 2.950% 8.2984% 3/6/26 (c)(d)
|
3,910
|
4,011
|
|
2.3% 2/10/25
|
12,405
|
11,975
|
|
2.9% 2/10/29
|
3,905
|
3,427
|
|
3.375% 11/13/25
|
1,380
|
1,324
|
|
3.815% 11/2/27
|
4,080
|
3,830
|
|
4% 11/13/30
|
1,415
|
1,262
|
|
4.389% 1/8/26
|
2,765
|
2,695
|
|
4.95% 5/28/27
|
5,655
|
5,534
|
|
6.95% 3/6/26
|
6,030
|
6,165
|
|
IHO Verwaltungs GmbH 4.75% 9/15/26 pay-in-kind (b)(c)
|
550
|
538
|
|
LCM Investments Holdings 8.25% 8/1/31 (b)
|
1,315
|
1,350
|
|
Macquarie AirFinance Holdings:
|
|||
8.125% 3/30/29 (b)
|
4,054
|
4,206
|
|
8.375% 5/1/28 (b)
|
2,865
|
3,010
|
|
PECF USS Intermediate Holding III Corp. 8% 11/15/29 (b)
|
4,615
|
2,227
|
|
Rivian Holdco & Rivian LLC & Rivian Automotive LLC 6 month U.S. LIBOR + 5.620% 11.4932% 10/15/26 (b)(c)(d)
|
1,645
|
1,648
|
|
Wand NewCo 3, Inc. 7.625% 1/30/32 (b)
|
3,385
|
3,496
|
|
ZF North America Capital, Inc.:
|
|||
4.75% 4/29/25 (b)
|
3,320
|
3,269
|
|
6.875% 4/14/28 (b)
|
1,440
|
1,483
|
|
7.125% 4/14/30 (b)
|
1,440
|
1,519
|
|
68,263
|
|||
Banks & Thrifts - 1.0%
|
|||
Ally Financial, Inc.:
|
|||
5.75% 11/20/25
|
2,073
|
2,079
|
|
6.7% 2/14/33
|
6,655
|
6,681
|
|
Jane Street Group LLC/JSG Finance, Inc. 4.5% 11/15/29 (b)
|
2,430
|
2,221
|
|
Quicken Loans LLC/Quicken Loans Co.-Issuer, Inc. 4% 10/15/33 (b)
|
1,095
|
929
|
|
UniCredit SpA:
|
|||
5.459% 6/30/35 (b)(c)
|
4,171
|
3,912
|
|
5.861% 6/19/32 (b)(c)
|
1,495
|
1,465
|
|
VistaJet Malta Finance PLC / XO Management Holding, Inc.:
|
|||
6.375% 2/1/30 (b)
|
6,623
|
4,794
|
|
7.875% 5/1/27 (b)
|
1,090
|
921
|
|
Western Alliance Bancorp. 3% 6/15/31 (c)
|
4,150
|
3,694
|
|
26,696
|
|||
Broadcasting - 1.9%
|
|||
Clear Channel Outdoor Holdings, Inc.:
|
|||
5.125% 8/15/27 (b)
|
2,388
|
2,249
|
|
7.5% 6/1/29 (b)
|
2,809
|
2,321
|
|
9% 9/15/28 (b)
|
4,650
|
4,834
|
|
Diamond Sports Group LLC/Diamond Sports Finance Co. 5.375% (b)(e)
|
22,770
|
1,509
|
|
DISH Network Corp. 11.75% 11/15/27 (b)
|
7,125
|
7,436
|
|
Sinclair Television Group, Inc. 5.5% 3/1/30 (b)
|
2,700
|
2,080
|
|
Sirius XM Radio, Inc.:
|
|||
4% 7/15/28 (b)
|
4,630
|
4,205
|
|
4.125% 7/1/30 (b)
|
5,380
|
4,708
|
|
5.5% 7/1/29 (b)
|
8,285
|
7,871
|
|
TEGNA, Inc.:
|
|||
4.625% 3/15/28
|
1,735
|
1,618
|
|
5% 9/15/29
|
1,775
|
1,639
|
|
Univision Communications, Inc.:
|
|||
4.5% 5/1/29 (b)
|
5,615
|
4,990
|
|
6.625% 6/1/27 (b)
|
3,655
|
3,615
|
|
7.375% 6/30/30 (b)
|
790
|
775
|
|
8% 8/15/28 (b)
|
2,185
|
2,223
|
|
52,073
|
|||
Building Materials - 1.1%
|
|||
Advanced Drain Systems, Inc.:
|
|||
5% 9/30/27 (b)
|
1,486
|
1,431
|
|
6.375% 6/15/30 (b)
|
1,420
|
1,432
|
|
AmeriTex Holdco Intermediate LLC 10.25% 10/15/28 (b)
|
635
|
652
|
|
Beacon Roofing Supply, Inc. 6.5% 8/1/30 (b)
|
2,616
|
2,654
|
|
Builders FirstSource, Inc. 4.25% 2/1/32 (b)
|
5,595
|
5,003
|
|
Eco Material Technologies, Inc. 7.875% 1/31/27 (b)
|
6,989
|
6,985
|
|
Oscar Acquisition Co. LLC / Oscar Finance, Inc. 9.5% 4/15/30 (b)
|
2,950
|
2,856
|
|
Smyrna Ready Mix LLC 8.875% 11/15/31 (b)
|
960
|
1,009
|
|
SRS Distribution, Inc.:
|
|||
4.625% 7/1/28 (b)
|
3,455
|
3,223
|
|
6% 12/1/29 (b)
|
3,095
|
2,894
|
|
Summit Materials LLC/Summit Materials Finance Corp. 7.25% 1/15/31 (b)
|
2,030
|
2,109
|
|
30,248
|
|||
Cable/Satellite TV - 2.3%
|
|||
CCO Holdings LLC/CCO Holdings Capital Corp.:
|
|||
4.25% 2/1/31 (b)
|
8,354
|
7,064
|
|
4.25% 1/15/34 (b)
|
5,535
|
4,401
|
|
4.5% 8/15/30 (b)
|
4,140
|
3,600
|
|
4.5% 5/1/32
|
12,236
|
10,208
|
|
4.5% 6/1/33 (b)
|
11,280
|
9,252
|
|
4.75% 3/1/30 (b)
|
80
|
71
|
|
5.5% 5/1/26 (b)
|
300
|
297
|
|
CSC Holdings LLC:
|
|||
3.375% 2/15/31 (b)
|
5,000
|
3,424
|
|
4.125% 12/1/30 (b)
|
2,939
|
2,123
|
|
4.5% 11/15/31 (b)
|
1,430
|
1,026
|
|
4.625% 12/1/30 (b)
|
6,194
|
3,166
|
|
5.25% 6/1/24
|
1,425
|
1,423
|
|
5.375% 2/1/28 (b)
|
4,870
|
4,184
|
|
DIRECTV Financing LLC / DIRECTV Financing Co-Obligor, Inc. 5.875% 8/15/27 (b)
|
1,355
|
1,288
|
|
DISH DBS Corp. 5.75% 12/1/28 (b)
|
5,065
|
3,407
|
|
Dolya Holdco 18 DAC 5% 7/15/28 (b)
|
1,213
|
1,144
|
|
Telenet Finance Luxembourg Notes SARL 5.5% 3/1/28 (b)
|
2,400
|
2,292
|
|
Ziggo BV 4.875% 1/15/30 (b)
|
5,005
|
4,475
|
|
62,845
|
|||
Capital Goods - 1.0%
|
|||
Mueller Water Products, Inc. 4% 6/15/29 (b)
|
4,685
|
4,239
|
|
Regal Rexnord Corp.:
|
|||
6.05% 2/15/26 (b)
|
2,150
|
2,173
|
|
6.05% 4/15/28 (b)
|
2,765
|
2,806
|
|
6.3% 2/15/30 (b)
|
2,765
|
2,842
|
|
TK Elevator U.S. Newco, Inc. 5.25% 7/15/27 (b)
|
11,434
|
11,025
|
|
Vertical Holdco GmbH 7.625% 7/15/28 (b)
|
2,480
|
2,459
|
|
25,544
|
|||
Chemicals - 4.4%
|
|||
Axalta Coating Systems Dutch Holding B BV 7.25% 2/15/31 (b)
|
1,225
|
1,276
|
|
CVR Partners LP/CVR Nitrogen Finance Corp. 6.125% 6/15/28 (b)
|
1,775
|
1,673
|
|
Element Solutions, Inc. 3.875% 9/1/28 (b)
|
2,554
|
2,333
|
|
INEOS Quattro Finance 2 PLC 9.625% 3/15/29 (b)
|
1,185
|
1,246
|
|
Kobe U.S. Midco 2, Inc. 9.25% 11/1/26 pay-in-kind (b)(c)
|
3,839
|
3,186
|
|
LSB Industries, Inc. 6.25% 10/15/28 (b)
|
2,215
|
2,103
|
|
Methanex Corp.:
|
|||
5.125% 10/15/27
|
11,101
|
10,711
|
|
5.65% 12/1/44
|
8,249
|
6,935
|
|
NOVA Chemicals Corp.:
|
|||
4.25% 5/15/29 (b)
|
5,020
|
4,223
|
|
4.875% 6/1/24 (b)
|
2,033
|
2,023
|
|
5% 5/1/25 (b)
|
2,270
|
2,213
|
|
5.25% 6/1/27 (b)
|
4,970
|
4,622
|
|
8.5% 11/15/28 (b)
|
1,820
|
1,905
|
|
Nufarm Australia Ltd. 5% 1/27/30 (b)
|
6,520
|
5,966
|
|
Olin Corp. 5% 2/1/30
|
5,755
|
5,427
|
|
Olympus Water U.S. Holding Corp.:
|
|||
4.25% 10/1/28 (b)
|
5,155
|
4,705
|
|
6.25% 10/1/29 (b)
|
5,435
|
4,975
|
|
9.75% 11/15/28 (b)
|
6,748
|
7,139
|
|
SCIH Salt Holdings, Inc.:
|
|||
4.875% 5/1/28 (b)
|
208
|
193
|
|
6.625% 5/1/29 (b)
|
3,690
|
3,352
|
|
SCIL IV LLC / SCIL U.S.A. Holdings LLC 5.375% 11/1/26 (b)
|
3,935
|
3,825
|
|
The Chemours Co. LLC:
|
|||
4.625% 11/15/29 (b)
|
1,785
|
1,550
|
|
5.375% 5/15/27
|
10,144
|
9,868
|
|
5.75% 11/15/28 (b)
|
6,620
|
6,244
|
|
TPC Group, Inc. 13% 12/16/27 (b)
|
2,885
|
2,932
|
|
Tronox, Inc. 4.625% 3/15/29 (b)
|
8,400
|
7,416
|
|
W.R. Grace Holding LLC:
|
|||
5.625% 8/15/29 (b)
|
9,670
|
8,526
|
|
7.375% 3/1/31 (b)
|
1,105
|
1,126
|
|
117,693
|
|||
Consumer Products - 0.8%
|
|||
Ferrellgas LP/Ferrellgas Finance Corp. 5.375% 4/1/26 (b)
|
740
|
729
|
|
Kohl's Corp. 4.25% 7/17/25
|
335
|
325
|
|
Mattel, Inc.:
|
|||
3.375% 4/1/26 (b)
|
3,425
|
3,268
|
|
5.45% 11/1/41
|
1,100
|
988
|
|
Newell Brands, Inc.:
|
|||
4.7% 4/1/26
|
1,380
|
1,343
|
|
6.375% 9/15/27
|
1,380
|
1,355
|
|
6.5% 4/1/46 (f)
|
1,100
|
887
|
|
6.625% 9/15/29
|
1,470
|
1,425
|
|
The Scotts Miracle-Gro Co.:
|
|||
4% 4/1/31
|
550
|
460
|
|
4.375% 2/1/32
|
820
|
683
|
|
TKC Holdings, Inc.:
|
|||
6.875% 5/15/28 (b)
|
4,205
|
3,837
|
|
10.5% 5/15/29 (b)
|
4,795
|
4,339
|
|
Windsor Holdings III, LLC 8.5% 6/15/30 (b)
|
2,310
|
2,378
|
|
22,017
|
|||
Containers - 1.7%
|
|||
ARD Finance SA 6.5% 6/30/27 pay-in-kind (b)(c)
|
7,175
|
3,467
|
|
Ardagh Packaging Finance PLC/Ardagh MP Holdings U.S.A., Inc.:
|
|||
5.25% 4/30/25 (b)
|
153
|
150
|
|
5.25% 8/15/27 (b)
|
4,935
|
3,691
|
|
5.25% 8/15/27 (b)
|
8,240
|
6,162
|
|
Ball Corp.:
|
|||
2.875% 8/15/30
|
1,370
|
1,168
|
|
4.875% 3/15/26
|
4,150
|
4,098
|
|
Berry Global, Inc. 4.875% 7/15/26 (b)
|
2,210
|
2,174
|
|
BWAY Holding Co. 7.875% 8/15/26 (b)
|
4,120
|
4,163
|
|
Graham Packaging Co., Inc. 7.125% 8/15/28 (b)
|
1,690
|
1,508
|
|
Graphic Packaging International, Inc. 3.75% 2/1/30 (b)
|
2,160
|
1,930
|
|
LABL, Inc.:
|
|||
5.875% 11/1/28 (b)
|
800
|
716
|
|
6.75% 7/15/26 (b)
|
1,180
|
1,148
|
|
9.5% 11/1/28 (b)
|
535
|
534
|
|
10.5% 7/15/27 (b)
|
1,328
|
1,270
|
|
Owens-Brockway Glass Container, Inc. 7.25% 5/15/31 (b)
|
1,340
|
1,347
|
|
Sealed Air Corp. 5% 4/15/29 (b)
|
5,450
|
5,227
|
|
Sealed Air Corp./Sealed Air Corp. U.S.:
|
|||
6.125% 2/1/28 (b)
|
1,655
|
1,661
|
|
7.25% 2/15/31 (b)
|
2,555
|
2,671
|
|
Trivium Packaging Finance BV:
|
|||
5.5% 8/15/26 (b)
|
737
|
719
|
|
8.5% 8/15/27 (b)
|
646
|
632
|
|
44,436
|
|||
Diversified Financial Services - 4.8%
|
|||
Aercap Global Aviation Trust 6.5% 6/15/45 (b)(c)
|
2,540
|
2,536
|
|
Coinbase Global, Inc. 3.625% 10/1/31 (b)
|
5,180
|
3,885
|
|
Emerald Debt Merger Sub LLC 6.625% 12/15/30 (b)
|
6,235
|
6,298
|
|
FLY Leasing Ltd. 7% 10/15/24 (b)
|
915
|
873
|
|
Fortress Transportation & Infrastructure Investors LLC 7.875% 12/1/30 (b)
|
3,205
|
3,381
|
|
GGAM Finance Ltd.:
|
|||
7.75% 5/15/26 (b)
|
2,635
|
2,681
|
|
8% 2/15/27 (b)
|
5,110
|
5,264
|
|
8% 6/15/28 (b)
|
7,305
|
7,602
|
|
Gn Bondco LLC 9.5% 10/15/31 (b)
|
1,620
|
1,598
|
|
GTCR W-2 Merger Sub LLC 7.5% 1/15/31 (b)
|
6,390
|
6,638
|
|
Hightower Holding LLC 6.75% 4/15/29 (b)
|
3,880
|
3,525
|
|
HTA Group Ltd. 7% 12/18/25 (b)
|
12,095
|
11,917
|
|
Icahn Enterprises LP/Icahn Enterprises Finance Corp.:
|
|||
4.375% 2/1/29
|
7,765
|
6,489
|
|
5.25% 5/15/27
|
22,190
|
19,943
|
|
6.25% 5/15/26
|
9,296
|
8,907
|
|
Jefferies Finance LLC/JFIN Co-Issuer Corp. 5% 8/15/28 (b)
|
980
|
885
|
|
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp. 4.75% 6/15/29 (b)
|
3,635
|
3,254
|
|
LPL Holdings, Inc. 4.375% 5/15/31 (b)
|
1,370
|
1,245
|
|
MSCI, Inc. 3.625% 9/1/30 (b)
|
3,155
|
2,833
|
|
OneMain Finance Corp.:
|
|||
3.5% 1/15/27
|
1,425
|
1,304
|
|
3.875% 9/15/28
|
8,180
|
7,179
|
|
6.875% 3/15/25
|
4,965
|
4,984
|
|
7.125% 3/15/26
|
9,445
|
9,574
|
|
9% 1/15/29
|
335
|
353
|
|
Scientific Games Holdings LP/Scientific Games U.S. Finco, Inc. 6.625% 3/1/30 (b)
|
3,118
|
2,931
|
|
SLM Corp. 4.2% 10/29/25
|
1,255
|
1,220
|
|
127,299
|
|||
Diversified Media - 0.3%
|
|||
Advantage Sales & Marketing, Inc. 6.5% 11/15/28 (b)
|
5,518
|
5,189
|
|
Outfront Media Capital LLC / Corp. 7.375% 2/15/31 (b)
|
3,835
|
4,017
|
|
9,206
|
|||
Energy - 12.4%
|
|||
Altus Midstream LP:
|
|||
5.875% 6/15/30 (b)
|
3,635
|
3,570
|
|
6.625% 12/15/28 (b)
|
3,825
|
3,877
|
|
Antero Midstream Partners LP/Antero Midstream Finance Corp.:
|
|||
5.75% 3/1/27 (b)
|
1,375
|
1,365
|
|
7.875% 5/15/26 (b)
|
1,375
|
1,407
|
|
Atlantica Sustainable Infrastructure PLC 4.125% 6/15/28 (b)
|
7,390
|
6,841
|
|
California Resources Corp. 7.125% 2/1/26 (b)
|
1,930
|
1,952
|
|
Calumet Specialty Products Partners LP/Calumet Finance Corp. 9.75% 7/15/28 (b)
|
2,005
|
2,010
|
|
CGG SA 8.75% 4/1/27 (b)
|
5,284
|
4,656
|
|
Citgo Petroleum Corp.:
|
|||
6.375% 6/15/26 (b)
|
6,098
|
6,087
|
|
8.375% 1/15/29 (b)
|
1,595
|
1,657
|
|
CNX Midstream Partners LP 4.75% 4/15/30 (b)
|
580
|
505
|
|
CNX Resources Corp. 7.375% 1/15/31 (b)
|
1,580
|
1,605
|
|
Comstock Resources, Inc.:
|
|||
5.875% 1/15/30 (b)
|
3,370
|
2,920
|
|
6.75% 3/1/29 (b)
|
4,280
|
3,930
|
|
CQP Holdco LP / BIP-V Chinook Holdco LLC 7.5% 12/15/33 (b)
|
3,115
|
3,193
|
|
CrownRock LP/CrownRock Finance, Inc.:
|
|||
5% 5/1/29 (b)
|
3,830
|
3,782
|
|
5.625% 10/15/25 (b)
|
560
|
557
|
|
CVR Energy, Inc.:
|
|||
5.25% 2/15/25 (b)
|
11,339
|
11,325
|
|
5.75% 2/15/28 (b)
|
5,483
|
5,065
|
|
8.5% 1/15/29 (b)
|
3,995
|
4,000
|
|
Delek Logistics Partners LP/Delek Logistics Finance Corp.:
|
|||
6.75% 5/15/25
|
215
|
213
|
|
7.125% 6/1/28 (b)
|
7,451
|
7,100
|
|
DT Midstream, Inc.:
|
|||
4.125% 6/15/29 (b)
|
1,250
|
1,148
|
|
4.375% 6/15/31 (b)
|
740
|
663
|
|
Endeavor Energy Resources LP/EER Finance, Inc. 5.75% 1/30/28 (b)
|
2,520
|
2,508
|
|
Energean PLC 6.5% 4/30/27 (b)
|
1,598
|
1,433
|
|
Energy Transfer LP:
|
|||
5.625% 5/1/27 (b)
|
11,053
|
11,032
|
|
7.375% 2/1/31 (b)
|
2,760
|
2,901
|
|
EnLink Midstream LLC:
|
|||
5.625% 1/15/28 (b)
|
1,630
|
1,611
|
|
6.5% 9/1/30 (b)
|
5,060
|
5,164
|
|
EnLink Midstream Partners LP 4.85% 7/15/26
|
2,485
|
2,427
|
|
EQM Midstream Partners LP:
|
|||
4% 8/1/24
|
2,545
|
2,517
|
|
6% 7/1/25 (b)
|
355
|
354
|
|
6.5% 7/15/48
|
555
|
573
|
|
Global Partners LP/GLP Finance Corp.:
|
|||
6.875% 1/15/29
|
1,785
|
1,754
|
|
8.25% 1/15/32 (b)
|
535
|
549
|
|
Harbour Energy PLC 5.5% 10/15/26 (b)
|
305
|
298
|
|
Harvest Midstream I LP 7.5% 9/1/28 (b)
|
5,420
|
5,475
|
|
Hess Midstream Operations LP:
|
|||
4.25% 2/15/30 (b)
|
1,880
|
1,729
|
|
5.125% 6/15/28 (b)
|
5,610
|
5,442
|
|
5.5% 10/15/30 (b)
|
1,370
|
1,339
|
|
5.625% 2/15/26 (b)
|
6,625
|
6,583
|
|
HF Sinclair Corp. 5% 2/1/28 (b)
|
4,080
|
3,960
|
|
Howard Midstream Energy Partners LLC 8.875% 7/15/28 (b)
|
5,370
|
5,640
|
|
Jonah Energy Parent LLC 12% 11/5/25 (g)(h)
|
4,708
|
4,978
|
|
Mesquite Energy, Inc. 7.25% (b)(e)(h)
|
28,768
|
0
|
|
Nabors Industries, Inc. 9.125% 1/31/30 (b)
|
640
|
651
|
|
New Fortress Energy, Inc.:
|
|||
6.5% 9/30/26 (b)
|
23,565
|
22,830
|
|
6.75% 9/15/25 (b)
|
13,207
|
13,049
|
|
NGL Energy Operating LLC/NGL Energy Finance Corp. 7.5% 2/1/26 (b)
|
4,350
|
4,427
|
|
NGL Energy Partners LP:
|
|||
8.125% 2/15/29 (b)
|
1,330
|
1,337
|
|
8.375% 2/15/32 (b)
|
1,330
|
1,340
|
|
Northern Oil & Gas, Inc.:
|
|||
8.125% 3/1/28 (b)
|
4,220
|
4,286
|
|
8.75% 6/15/31 (b)
|
1,345
|
1,406
|
|
Occidental Petroleum Corp.:
|
|||
4.2% 3/15/48
|
1,360
|
1,049
|
|
4.4% 4/15/46
|
4,100
|
3,362
|
|
4.4% 8/15/49
|
1,900
|
1,414
|
|
4.5% 7/15/44
|
3,365
|
2,660
|
|
6.125% 1/1/31
|
4,795
|
4,977
|
|
6.45% 9/15/36
|
3,155
|
3,366
|
|
7.5% 5/1/31
|
6,195
|
6,898
|
|
7.95% 6/15/39
|
685
|
800
|
|
8.875% 7/15/30
|
4,715
|
5,527
|
|
PBF Holding Co. LLC/PBF Finance Corp. 7.875% 9/15/30 (b)
|
8,654
|
8,964
|
|
Permian Resources Operating LLC:
|
|||
5.875% 7/1/29 (b)
|
4,725
|
4,642
|
|
7% 1/15/32 (b)
|
640
|
661
|
|
7.75% 2/15/26 (b)
|
660
|
671
|
|
Rockies Express Pipeline LLC:
|
|||
4.8% 5/15/30 (b)
|
1,900
|
1,774
|
|
4.95% 7/15/29 (b)
|
4,294
|
4,105
|
|
6.875% 4/15/40 (b)
|
1,598
|
1,584
|
|
Seadrill Finance Ltd. 8.375% 8/1/30 (b)
|
1,240
|
1,290
|
|
Sitio Royalties OP / Sitio Finance Corp. 7.875% 11/1/28 (b)
|
1,585
|
1,625
|
|
SM Energy Co. 5.625% 6/1/25
|
3,075
|
3,045
|
|
Southwestern Energy Co. 4.75% 2/1/32
|
3,580
|
3,312
|
|
Suburban Propane Partners LP/Suburban Energy Finance Corp. 5.875% 3/1/27
|
525
|
521
|
|
Sunnova Energy Corp.:
|
|||
5.875% 9/1/26 (b)
|
4,639
|
3,850
|
|
11.75% 10/1/28 (b)
|
320
|
278
|
|
Sunoco LP/Sunoco Finance Corp.:
|
|||
4.5% 5/15/29
|
5,094
|
4,746
|
|
5.875% 3/15/28
|
4,990
|
4,959
|
|
Superior Plus LP / Superior General Partner, Inc. 4.5% 3/15/29 (b)
|
2,990
|
2,710
|
|
Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp.:
|
|||
5.5% 1/15/28 (b)
|
9,865
|
9,497
|
|
6% 3/1/27 (b)
|
5,517
|
5,427
|
|
6% 12/31/30 (b)
|
1,620
|
1,506
|
|
6% 9/1/31 (b)
|
9,425
|
8,681
|
|
Talos Production, Inc.:
|
|||
9% 2/1/29 (b)(i)
|
1,145
|
1,160
|
|
9.375% 2/1/31 (b)(i)
|
1,605
|
1,641
|
|
Teine Energy Ltd. 6.875% 4/15/29 (b)
|
500
|
474
|
|
Transocean Aquila Ltd. 8% 9/30/28 (b)
|
895
|
910
|
|
Transocean Poseidon Ltd. 6.875% 2/1/27 (b)
|
1,849
|
1,849
|
|
Transocean, Inc.:
|
|||
7.5% 1/15/26 (b)
|
2,730
|
2,703
|
|
8% 2/1/27 (b)
|
6,795
|
6,741
|
|
8.75% 2/15/30 (b)
|
3,406
|
3,529
|
|
U.S.A. Compression Partners LP/U.S.A. Compression Finance Corp. 6.875% 4/1/26
|
2,575
|
2,560
|
|
Valaris Ltd. 8.375% 4/30/30 (b)
|
4,285
|
4,393
|
|
Viper Energy, Inc. 7.375% 11/1/31 (b)
|
960
|
992
|
|
Western Gas Partners LP:
|
|||
5.25% 2/1/50
|
2,720
|
2,431
|
|
5.3% 3/1/48
|
1,360
|
1,192
|
|
5.5% 8/15/48
|
815
|
722
|
|
332,219
|
|||
Environmental - 0.8%
|
|||
Clean Harbors, Inc. 6.375% 2/1/31 (b)
|
1,305
|
1,322
|
|
Covanta Holding Corp. 4.875% 12/1/29 (b)
|
5,220
|
4,508
|
|
Darling Ingredients, Inc. 6% 6/15/30 (b)
|
2,155
|
2,142
|
|
GFL Environmental, Inc.:
|
|||
3.75% 8/1/25 (b)
|
2,765
|
2,689
|
|
5.125% 12/15/26 (b)
|
2,765
|
2,700
|
|
6.75% 1/15/31 (b)
|
505
|
517
|
|
Madison IAQ LLC 5.875% 6/30/29 (b)
|
345
|
307
|
|
Stericycle, Inc.:
|
|||
3.875% 1/15/29 (b)
|
7,910
|
7,190
|
|
5.375% 7/15/24 (b)
|
1,385
|
1,377
|
|
22,752
|
|||
Food & Drug Retail - 0.9%
|
|||
Albertsons Companies LLC/Safeway, Inc./New Albertson's, Inc./Albertson's LLC:
|
|||
3.25% 3/15/26 (b)
|
740
|
703
|
|
3.5% 3/15/29 (b)
|
6,553
|
5,921
|
|
4.875% 2/15/30 (b)
|
2,310
|
2,208
|
|
BellRing Brands, Inc. 7% 3/15/30 (b)
|
1,100
|
1,126
|
|
Emergent BioSolutions, Inc. 3.875% 8/15/28 (b)
|
9,414
|
3,504
|
|
Murphy Oil U.S.A., Inc. 3.75% 2/15/31 (b)
|
1,690
|
1,458
|
|
Parkland Corp.:
|
|||
4.5% 10/1/29 (b)
|
1,673
|
1,539
|
|
4.625% 5/1/30 (b)
|
8,235
|
7,587
|
|
24,046
|
|||
Food/Beverage/Tobacco - 1.9%
|
|||
C&S Group Enterprises LLC 5% 12/15/28 (b)
|
4,855
|
3,943
|
|
Chobani LLC/Finance Corp., Inc. 4.625% 11/15/28 (b)
|
1,100
|
1,029
|
|
Fiesta Purchaser, Inc. 7.875% 3/1/31 (b)(i)
|
2,450
|
2,450
|
|
KeHE Distributor / Nextwave 9% 2/15/29 (b)(i)
|
4,700
|
4,742
|
|
Lamb Weston Holdings, Inc.:
|
|||
4.125% 1/31/30 (b)
|
7,855
|
7,168
|
|
4.375% 1/31/32 (b)
|
1,370
|
1,229
|
|
Performance Food Group, Inc. 5.5% 10/15/27 (b)
|
542
|
529
|
|
Pilgrim's Pride Corp.:
|
|||
3.5% 3/1/32
|
1,370
|
1,156
|
|
4.25% 4/15/31
|
1,615
|
1,455
|
|
Post Holdings, Inc.:
|
|||
4.625% 4/15/30 (b)
|
3,666
|
3,371
|
|
5.5% 12/15/29 (b)
|
3,587
|
3,467
|
|
Primo Water Holdings, Inc. 4.375% 4/30/29 (b)
|
3,090
|
2,813
|
|
Triton Water Holdings, Inc. 6.25% 4/1/29 (b)
|
12,185
|
10,506
|
|
U.S. Foods, Inc.:
|
|||
4.625% 6/1/30 (b)
|
2,045
|
1,906
|
|
4.75% 2/15/29 (b)
|
2,520
|
2,391
|
|
6.875% 9/15/28 (b)
|
1,600
|
1,643
|
|
United Natural Foods, Inc. 6.75% 10/15/28 (b)
|
550
|
462
|
|
50,260
|
|||
Gaming - 2.3%
|
|||
Affinity Interactive 6.875% 12/15/27 (b)
|
10,355
|
9,371
|
|
Caesars Entertainment, Inc.:
|
|||
6.25% 7/1/25 (b)
|
4,530
|
4,545
|
|
6.5% 2/15/32 (b)(i)
|
5,320
|
5,379
|
|
7% 2/15/30 (b)
|
1,300
|
1,336
|
|
8.125% 7/1/27 (b)
|
6,319
|
6,485
|
|
Caesars Resort Collection LLC 5.75% 7/1/25 (b)
|
5,565
|
5,576
|
|
Carnival Corp. 10.5% 6/1/30 (b)
|
4,995
|
5,484
|
|
Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc. 6.75% 1/15/30 (b)
|
4,890
|
4,396
|
|
GLP Capital LP/GLP Financing II, Inc. 5.25% 6/1/25
|
1,310
|
1,304
|
|
Golden Entertainment, Inc. 7.625% 4/15/26 (b)
|
3,426
|
3,430
|
|
Jacobs Entertainment, Inc. 6.75% 2/15/29 (b)
|
2,400
|
2,277
|
|
Light & Wonder International, Inc. 7.5% 9/1/31 (b)
|
545
|
567
|
|
Station Casinos LLC 4.5% 2/15/28 (b)
|
4,745
|
4,460
|
|
Transocean, Inc. 7.25% 11/1/25 (b)
|
2,579
|
2,553
|
|
VICI Properties LP / VICI Note Co. 4.125% 8/15/30 (b)
|
2,740
|
2,494
|
|
Wynn Resorts Finance LLC / Wynn Resorts Capital Corp. 7.125% 2/15/31 (b)
|
1,365
|
1,408
|
|
61,065
|
|||
Healthcare - 7.2%
|
|||
1375209 BC Ltd. 9% 1/30/28 (b)
|
3,606
|
3,498
|
|
180 Medical, Inc. 3.875% 10/15/29 (b)
|
2,575
|
2,302
|
|
AdaptHealth LLC 5.125% 3/1/30 (b)
|
4,965
|
3,882
|
|
AMN Healthcare 4% 4/15/29 (b)
|
1,674
|
1,519
|
|
Avantor Funding, Inc.:
|
|||
3.875% 11/1/29 (b)
|
3,310
|
3,004
|
|
4.625% 7/15/28 (b)
|
2,215
|
2,109
|
|
Bausch Health Companies, Inc.:
|
|||
5.5% 11/1/25 (b)
|
7,329
|
6,735
|
|
9% 12/15/25 (b)
|
640
|
604
|
|
Cano Health, Inc. 6.25% 10/1/28 (b)
|
2,303
|
178
|
|
Catalent Pharma Solutions 3.5% 4/1/30 (b)
|
2,900
|
2,549
|
|
Charles River Laboratories International, Inc.:
|
|||
3.75% 3/15/29 (b)
|
2,975
|
2,706
|
|
4% 3/15/31 (b)
|
2,475
|
2,200
|
|
4.25% 5/1/28 (b)
|
768
|
726
|
|
Community Health Systems, Inc.:
|
|||
4.75% 2/15/31 (b)
|
10,365
|
8,228
|
|
5.25% 5/15/30 (b)
|
19,665
|
16,281
|
|
5.625% 3/15/27 (b)
|
13,825
|
12,771
|
|
6% 1/15/29 (b)
|
6,140
|
5,548
|
|
6.125% 4/1/30 (b)
|
6,681
|
4,348
|
|
6.875% 4/15/29 (b)
|
7,602
|
5,169
|
|
8% 3/15/26 (b)
|
450
|
444
|
|
10.875% 1/15/32 (b)
|
120
|
126
|
|
CTR Partnership LP/CareTrust Capital Corp. 3.875% 6/30/28 (b)
|
5,375
|
4,898
|
|
DaVita, Inc.:
|
|||
3.75% 2/15/31 (b)
|
2,170
|
1,789
|
|
4.625% 6/1/30 (b)
|
9,260
|
8,193
|
|
Embecta Corp. 5% 2/15/30 (b)
|
2,745
|
2,246
|
|
Grifols SA 4.75% 10/15/28 (b)
|
3,442
|
2,960
|
|
Hologic, Inc. 3.25% 2/15/29 (b)
|
1,530
|
1,376
|
|
IQVIA, Inc. 6.5% 5/15/30 (b)
|
2,670
|
2,724
|
|
Jazz Securities DAC 4.375% 1/15/29 (b)
|
4,925
|
4,543
|
|
Medline Borrower LP 3.875% 4/1/29 (b)
|
1,375
|
1,245
|
|
ModivCare Escrow Issuer, Inc. 5% 10/1/29 (b)
|
2,950
|
2,393
|
|
Modivcare, Inc. 5.875% 11/15/25 (b)
|
3,770
|
3,723
|
|
Molina Healthcare, Inc.:
|
|||
3.875% 11/15/30 (b)
|
3,370
|
2,954
|
|
3.875% 5/15/32 (b)
|
1,465
|
1,254
|
|
Omega Healthcare Investors, Inc. 3.25% 4/15/33
|
6,892
|
5,564
|
|
Organon & Co. / Organon Foreign Debt Co-Issuer BV:
|
|||
4.125% 4/30/28 (b)
|
9,435
|
8,633
|
|
5.125% 4/30/31 (b)
|
1,580
|
1,357
|
|
Pediatrix Medical Group, Inc. 5.375% 2/15/30 (b)
|
4,035
|
3,618
|
|
Regionalcare Hospital Partners 9.75% 12/1/26 (b)
|
2,640
|
2,635
|
|
RegionalCare Hospital Partners Holdings, Inc.:
|
|||
5.375% 1/15/29 (b)
|
2,305
|
1,822
|
|
9.875% 8/15/30 (b)
|
3,000
|
3,068
|
|
11% 10/15/30 (b)
|
320
|
341
|
|
RP Escrow Issuer LLC 5.25% 12/15/25 (b)
|
6,000
|
5,400
|
|
Teleflex, Inc. 4.25% 6/1/28 (b)
|
1,540
|
1,461
|
|
Tenet Healthcare Corp.:
|
|||
4.25% 6/1/29
|
6,395
|
5,937
|
|
4.375% 1/15/30
|
4,965
|
4,594
|
|
4.625% 6/15/28
|
1,728
|
1,639
|
|
6.125% 10/1/28
|
5,720
|
5,699
|
|
6.125% 6/15/30
|
6,675
|
6,673
|
|
6.25% 2/1/27
|
3,134
|
3,125
|
|
6.75% 5/15/31 (b)
|
945
|
967
|
|
Teva Pharmaceutical Finance Netherlands III BV:
|
|||
3.15% 10/1/26
|
3,265
|
3,037
|
|
7.875% 9/15/29
|
830
|
895
|
|
8.125% 9/15/31
|
830
|
912
|
|
192,602
|
|||
Homebuilders/Real Estate - 3.1%
|
|||
Anywhere Real Estate Group LLC 7% 4/15/30 (b)
|
2,120
|
1,916
|
|
Ashton Woods U.S.A. LLC/Ashton Woods Finance Co. 4.625% 8/1/29 (b)
|
2,515
|
2,264
|
|
ATP Tower Holdings LLC/Andean Tower Partners 4.05% 4/27/26 (b)
|
1,594
|
1,457
|
|
Greystar Real Estate Partners 7.75% 9/1/30 (b)
|
1,240
|
1,303
|
|
HAT Holdings I LLC/HAT Holdings II LLC:
|
|||
3.375% 6/15/26 (b)
|
720
|
669
|
|
6% 4/15/25 (b)
|
635
|
630
|
|
8% 6/15/27 (b)
|
530
|
549
|
|
Howard Hughes Corp.:
|
|||
4.125% 2/1/29 (b)
|
2,350
|
2,119
|
|
4.375% 2/1/31 (b)
|
1,765
|
1,528
|
|
Kennedy-Wilson, Inc. 4.75% 2/1/30
|
3,915
|
3,179
|
|
LGI Homes, Inc.:
|
|||
4% 7/15/29 (b)
|
1,585
|
1,356
|
|
8.75% 12/15/28 (b)
|
455
|
480
|
|
MPT Operating Partnership LP/MPT Finance Corp.:
|
|||
3.5% 3/15/31
|
10,750
|
6,590
|
|
4.625% 8/1/29
|
7,355
|
4,973
|
|
5% 10/15/27
|
18,105
|
13,703
|
|
5.25% 8/1/26
|
2,913
|
2,464
|
|
Railworks Holdings LP 8.25% 11/15/28 (b)
|
5,744
|
5,728
|
|
Realogy Group LLC/Realogy Co-Issuer Corp. 5.75% 1/15/29 (b)
|
76
|
56
|
|
Realogy Group LLC/Realogy Co.-Issuer Corp. 5.25% 4/15/30 (b)
|
59
|
41
|
|
Rithm Capital Corp. 6.25% 10/15/25 (b)
|
1,085
|
1,072
|
|
Safehold Operating Partnership LP 2.8% 6/15/31
|
3,525
|
2,934
|
|
Starwood Property Trust, Inc. 3.75% 12/31/24 (b)
|
1,886
|
1,843
|
|
Taylor Morrison Communities, Inc./Monarch Communities, Inc. 5.125% 8/1/30 (b)
|
1,005
|
957
|
|
TopBuild Corp. 4.125% 2/15/32 (b)
|
2,115
|
1,848
|
|
TRI Pointe Group, Inc./TRI Pointe Holdings, Inc. 5.875% 6/15/24
|
70
|
70
|
|
TRI Pointe Homes, Inc. 5.7% 6/15/28
|
545
|
536
|
|
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC:
|
|||
4.75% 4/15/28 (b)
|
15,535
|
13,240
|
|
6.5% 2/15/29 (b)
|
7,350
|
5,185
|
|
10.5% 2/15/28 (b)
|
5,485
|
5,583
|
|
84,273
|
|||
Hotels - 0.7%
|
|||
Hilton Domestic Operating Co., Inc.:
|
|||
3.625% 2/15/32 (b)
|
11,850
|
10,173
|
|
4% 5/1/31 (b)
|
3,495
|
3,141
|
|
Hilton Grand Vacations Borrower Escrow LLC 6.625% 1/15/32 (b)
|
3,990
|
3,998
|
|
Lindblad Expeditions LLC 6.75% 2/15/27 (b)
|
655
|
649
|
|
17,961
|
|||
Insurance - 1.0%
|
|||
Acrisure LLC / Acrisure Finance, Inc.:
|
|||
4.25% 2/15/29 (b)
|
1,100
|
986
|
|
8.25% 2/1/29 (b)
|
1,340
|
1,343
|
|
Alliant Holdings Intermediate LLC/Alliant Holdings Co.-Issuer:
|
|||
4.25% 10/15/27 (b)
|
8,485
|
7,893
|
|
6.75% 10/15/27 (b)
|
1,355
|
1,323
|
|
6.75% 4/15/28 (b)
|
1,370
|
1,383
|
|
7% 1/15/31 (b)
|
265
|
268
|
|
AmWINS Group, Inc. 4.875% 6/30/29 (b)
|
3,390
|
3,164
|
|
AssuredPartners, Inc. 5.625% 1/15/29 (b)
|
3,295
|
3,112
|
|
HUB International Ltd. 7.25% 6/15/30 (b)
|
3,345
|
3,441
|
|
National Financial Partners Corp. 8.5% 10/1/31 (b)
|
1,600
|
1,761
|
|
USI, Inc. 7.5% 1/15/32 (b)
|
800
|
811
|
|
25,485
|
|||
Leisure - 2.8%
|
|||
Carnival Corp.:
|
|||
5.75% 3/1/27 (b)
|
8,485
|
8,370
|
|
6% 5/1/29 (b)
|
5,195
|
5,033
|
|
6.65% 1/15/28
|
750
|
729
|
|
7% 8/15/29 (b)
|
1,425
|
1,482
|
|
7.625% 3/1/26 (b)
|
11,060
|
11,235
|
|
ClubCorp Holdings, Inc. 8.5% 9/15/25 (b)
|
1,160
|
1,044
|
|
MajorDrive Holdings IV LLC 6.375% 6/1/29 (b)
|
4,950
|
4,187
|
|
Merlin Entertainments Group 7.375% 2/15/31 (b)(i)
|
1,265
|
1,267
|
|
NCL Corp. Ltd.:
|
|||
3.625% 12/15/24 (b)
|
2,714
|
2,659
|
|
5.875% 3/15/26 (b)
|
2,175
|
2,121
|
|
7.75% 2/15/29 (b)
|
4,840
|
4,886
|
|
NCL Finance Ltd. 6.125% 3/15/28 (b)
|
1,660
|
1,588
|
|
Royal Caribbean Cruises Ltd.:
|
|||
4.25% 7/1/26 (b)
|
3,620
|
3,493
|
|
5.375% 7/15/27 (b)
|
3,900
|
3,838
|
|
5.5% 8/31/26 (b)
|
10,740
|
10,631
|
|
5.5% 4/1/28 (b)
|
6,610
|
6,527
|
|
Viking Cruises Ltd. 9.125% 7/15/31 (b)
|
905
|
968
|
|
Viking Ocean Cruises Ship VII Ltd. 5.625% 2/15/29 (b)
|
1,605
|
1,563
|
|
Voc Escrow Ltd. 5% 2/15/28 (b)
|
2,130
|
2,034
|
|
73,655
|
|||
Metals/Mining - 1.5%
|
|||
Arsenal AIC Parent LLC 8% 10/1/30 (b)
|
1,655
|
1,726
|
|
Constellium NV 5.875% 2/15/26 (b)
|
1,255
|
1,246
|
|
Eldorado Gold Corp. 6.25% 9/1/29 (b)
|
1,505
|
1,430
|
|
ERO Copper Corp. 6.5% 2/15/30 (b)
|
8,988
|
8,134
|
|
First Quantum Minerals Ltd.:
|
|||
6.875% 10/15/27 (b)
|
5,740
|
5,098
|
|
7.5% 4/1/25 (b)
|
1,708
|
1,659
|
|
8.625% 6/1/31 (b)
|
285
|
262
|
|
FMG Resources Pty Ltd.:
|
|||
4.375% 4/1/31 (b)
|
1,375
|
1,237
|
|
4.5% 9/15/27 (b)
|
1,595
|
1,533
|
|
Howmet Aerospace, Inc. 5.95% 2/1/37
|
551
|
567
|
|
HudBay Minerals, Inc. 4.5% 4/1/26 (b)
|
530
|
514
|
|
Mineral Resources Ltd.:
|
|||
8% 11/1/27 (b)
|
3,825
|
3,912
|
|
8.5% 5/1/30 (b)
|
3,355
|
3,452
|
|
9.25% 10/1/28 (b)
|
2,425
|
2,561
|
|
Novelis Corp.:
|
|||
3.25% 11/15/26 (b)
|
315
|
295
|
|
3.875% 8/15/31 (b)
|
1,360
|
1,180
|
|
PMHC II, Inc. 9% 2/15/30 (b)
|
5,155
|
4,279
|
|
39,085
|
|||
Paper - 0.7%
|
|||
Ahlstrom Holding 3 OY 4.875% 2/4/28 (b)
|
5,695
|
5,106
|
|
Ardagh Metal Packaging Finance U.S.A. LLC/Ardagh Metal Packaging Finance PLC:
|
|||
4% 9/1/29 (b)
|
3,020
|
2,448
|
|
6% 6/15/27 (b)
|
4,690
|
4,637
|
|
Clydesdale Acquisition Holdings, Inc.:
|
|||
6.625% 4/15/29 (b)
|
1,480
|
1,473
|
|
8.75% 4/15/30 (b)
|
3,995
|
3,795
|
|
Mercer International, Inc. 5.125% 2/1/29
|
1,780
|
1,528
|
|
18,987
|
|||
Publishing/Printing - 0.0%
|
|||
Cimpress PLC 7% 6/15/26
|
1,120
|
1,103
|
|
Restaurants - 0.8%
|
|||
1011778 BC Unlimited Liability Co./New Red Finance, Inc.:
|
|||
3.875% 1/15/28 (b)
|
2,310
|
2,174
|
|
4% 10/15/30 (b)
|
7,316
|
6,539
|
|
5.75% 4/15/25 (b)
|
1,055
|
1,053
|
|
Garden SpinCo Corp. 8.625% 7/20/30 (b)
|
1,415
|
1,514
|
|
Yum! Brands, Inc.:
|
|||
3.625% 3/15/31
|
1,370
|
1,219
|
|
4.625% 1/31/32
|
8,980
|
8,330
|
|
5.375% 4/1/32
|
1,100
|
1,070
|
|
21,899
|
|||
Services - 5.5%
|
|||
ADT Corp. 4.125% 8/1/29 (b)
|
3,320
|
3,064
|
|
AECOM 5.125% 3/15/27
|
1,845
|
1,814
|
|
Allied Universal Holdco LLC / Allied Universal Finance Corp.:
|
|||
6% 6/1/29 (b)
|
4,930
|
4,093
|
|
9.75% 7/15/27 (b)
|
7,745
|
7,573
|
|
APX Group, Inc.:
|
|||
5.75% 7/15/29 (b)
|
3,330
|
3,162
|
|
6.75% 2/15/27 (b)
|
2,720
|
2,720
|
|
Artera Services LLC 9.033% 12/4/25 (b)
|
12,223
|
12,462
|
|
ASGN, Inc. 4.625% 5/15/28 (b)
|
2,500
|
2,364
|
|
Brand Industrial Services, Inc. 10.375% 8/1/30 (b)
|
11,100
|
11,724
|
|
CoreCivic, Inc.:
|
|||
4.75% 10/15/27
|
10,744
|
10,099
|
|
8.25% 4/15/26
|
6,415
|
6,575
|
|
CoreLogic, Inc. 4.5% 5/1/28 (b)
|
3,795
|
3,363
|
|
Fair Isaac Corp. 4% 6/15/28 (b)
|
5,065
|
4,717
|
|
Gartner, Inc. 3.625% 6/15/29 (b)
|
890
|
809
|
|
GEMS MENASA Cayman Ltd./GEMS Education Delaware LLC 7.125% 7/31/26 (b)
|
12,064
|
11,864
|
|
Hertz Corp. 5% 12/1/29 (b)
|
660
|
522
|
|
Korn Ferry 4.625% 12/15/27 (b)
|
1,015
|
971
|
|
Legends Hospitality Holding Co. LLC/Legends Hospitality Co-Issuer, Inc. 5% 2/1/26 (b)
|
5,295
|
5,295
|
|
Life Time, Inc.:
|
|||
5.75% 1/15/26 (b)
|
3,378
|
3,340
|
|
8% 4/15/26 (b)
|
6,605
|
6,614
|
|
Neptune BidCo U.S., Inc. 9.29% 4/15/29 (b)
|
3,320
|
3,171
|
|
Prime Securities Services Borrower LLC/Prime Finance, Inc. 5.75% 4/15/26 (b)
|
900
|
900
|
|
Service Corp. International:
|
|||
4% 5/15/31
|
2,300
|
2,047
|
|
5.125% 6/1/29
|
1,443
|
1,409
|
|
Sotheby's 7.375% 10/15/27 (b)
|
2,745
|
2,638
|
|
The GEO Group, Inc.:
|
|||
6% 4/15/26
|
835
|
803
|
|
9.5% 12/31/28 (b)
|
3,820
|
3,725
|
|
10.5% 6/30/28
|
1,425
|
1,450
|
|
TriNet Group, Inc.:
|
|||
3.5% 3/1/29 (b)
|
8,560
|
7,555
|
|
7.125% 8/15/31 (b)
|
1,445
|
1,476
|
|
Uber Technologies, Inc. 8% 11/1/26 (b)
|
9,595
|
9,770
|
|
WASH Multifamily Acquisition, Inc. 5.75% 4/15/26 (b)
|
9,177
|
8,822
|
|
146,911
|
|||
Steel - 0.2%
|
|||
ATI, Inc. 7.25% 8/15/30
|
1,350
|
1,389
|
|
Commercial Metals Co.:
|
|||
3.875% 2/15/31
|
1,655
|
1,460
|
|
4.125% 1/15/30
|
4,160
|
3,785
|
|
6,634
|
|||
Super Retail - 1.6%
|
|||
Bath & Body Works, Inc. 6.694% 1/15/27
|
1,315
|
1,333
|
|
Carvana Co.:
|
|||
4.875% 9/1/29 (b)
|
2,513
|
1,514
|
|
5.5% 4/15/27 (b)
|
2,422
|
1,774
|
|
5.875% 10/1/28 (b)
|
1,267
|
776
|
|
10.25% 5/1/30 (b)
|
357
|
279
|
|
12% 12/1/28 pay-in-kind (b)(c)
|
2,127
|
1,890
|
|
13% 6/1/30 pay-in-kind (b)(c)
|
1,633
|
1,449
|
|
14% 6/1/31 pay-in-kind (b)(c)
|
2,598
|
2,316
|
|
EG Global Finance PLC 12% 11/30/28 (b)
|
12,025
|
12,710
|
|
Hanesbrands, Inc. 4.875% 5/15/26 (b)
|
240
|
231
|
|
LBM Acquisition LLC 6.25% 1/15/29 (b)
|
4,695
|
4,261
|
|
Levi Strauss & Co. 3.5% 3/1/31 (b)
|
1,785
|
1,545
|
|
Michaels Companies, Inc.:
|
|||
5.25% 5/1/28 (b)
|
3,550
|
2,788
|
|
7.875% 5/1/29 (b)
|
2,730
|
1,746
|
|
Nordstrom, Inc.:
|
|||
4.25% 8/1/31
|
1,175
|
976
|
|
4.375% 4/1/30
|
870
|
755
|
|
Sally Holdings LLC 5.625% 12/1/25
|
3,045
|
3,019
|
|
Wolverine World Wide, Inc. 4% 8/15/29 (b)
|
4,605
|
3,711
|
|
43,073
|
|||
Technology - 6.1%
|
|||
Acuris Finance U.S. 5% 5/1/28 (b)
|
11,650
|
10,183
|
|
Black Knight InfoServ LLC 3.625% 9/1/28 (b)
|
8,405
|
7,943
|
|
Block, Inc.:
|
|||
2.75% 6/1/26
|
1,375
|
1,287
|
|
3.5% 6/1/31
|
8,155
|
7,025
|
|
Clarivate Science Holdings Corp.:
|
|||
3.875% 7/1/28 (b)
|
1,720
|
1,585
|
|
4.875% 7/1/29 (b)
|
1,735
|
1,620
|
|
Cloud Software Group, Inc.:
|
|||
6.5% 3/31/29 (b)
|
250
|
233
|
|
9% 9/30/29 (b)
|
11,880
|
11,244
|
|
CNT PRNT/CDK GLO II/FIN 8% 6/15/29 (b)
|
3,270
|
3,356
|
|
Coherent Corp. 5% 12/15/29 (b)
|
6,960
|
6,517
|
|
CommScope, Inc. 4.75% 9/1/29 (b)
|
3,600
|
2,380
|
|
Elastic NV 4.125% 7/15/29 (b)
|
2,410
|
2,187
|
|
Entegris, Inc.:
|
|||
3.625% 5/1/29 (b)
|
2,550
|
2,300
|
|
4.75% 4/15/29 (b)
|
2,000
|
1,912
|
|
5.95% 6/15/30 (b)
|
8,335
|
8,233
|
|
Gartner, Inc. 4.5% 7/1/28 (b)
|
4,490
|
4,285
|
|
Gen Digital, Inc.:
|
|||
5% 4/15/25 (b)
|
2,715
|
2,700
|
|
7.125% 9/30/30 (b)
|
1,360
|
1,411
|
|
Go Daddy Operating Co. LLC / GD Finance Co., Inc.:
|
|||
3.5% 3/1/29 (b)
|
5,240
|
4,744
|
|
5.25% 12/1/27 (b)
|
945
|
928
|
|
GrafTech Global Enterprises, Inc. 9.875% 12/15/28 (b)
|
1,660
|
1,241
|
|
ION Trading Technologies Ltd. 5.75% 5/15/28 (b)
|
7,345
|
6,730
|
|
Match Group Holdings II LLC:
|
|||
3.625% 10/1/31 (b)
|
820
|
701
|
|
4.125% 8/1/30 (b)
|
1,760
|
1,584
|
|
McAfee Corp. 7.375% 2/15/30 (b)
|
2,290
|
2,075
|
|
MicroStrategy, Inc. 6.125% 6/15/28 (b)
|
8,160
|
7,785
|
|
NCR Atleos Corp. 9.5% 4/1/29 (b)
|
2,875
|
3,084
|
|
ON Semiconductor Corp. 3.875% 9/1/28 (b)
|
3,675
|
3,358
|
|
Open Text Corp. 3.875% 12/1/29 (b)
|
4,020
|
3,626
|
|
Open Text Holdings, Inc.:
|
|||
4.125% 2/15/30 (b)
|
4,620
|
4,182
|
|
4.125% 12/1/31 (b)
|
4,170
|
3,703
|
|
Rackspace Hosting, Inc. 3.5% 2/15/28 (b)
|
7,610
|
2,980
|
|
Roblox Corp. 3.875% 5/1/30 (b)
|
4,035
|
3,545
|
|
Seagate HDD Cayman:
|
|||
5.75% 12/1/34
|
3,695
|
3,581
|
|
8.25% 12/15/29 (b)
|
1,310
|
1,410
|
|
8.5% 7/15/31 (b)
|
1,585
|
1,722
|
|
Sensata Technologies BV:
|
|||
4% 4/15/29 (b)
|
3,440
|
3,150
|
|
5% 10/1/25 (b)
|
550
|
548
|
|
Sensata Technologies, Inc. 3.75% 2/15/31 (b)
|
1,370
|
1,189
|
|
SS&C Technologies, Inc. 5.5% 9/30/27 (b)
|
1,085
|
1,065
|
|
TTM Technologies, Inc. 4% 3/1/29 (b)
|
13,015
|
11,732
|
|
UKG, Inc. 6.875% 2/1/31 (b)
|
3,295
|
3,332
|
|
Veritas U.S., Inc./Veritas Bermuda Ltd. 7.5% 9/1/25 (b)
|
1,900
|
1,624
|
|
Virtusa Corp. 7.125% 12/15/28 (b)
|
1,345
|
1,179
|
|
VM Consolidated, Inc. 5.5% 4/15/29 (b)
|
640
|
610
|
|
Western Digital Corp.:
|
|||
2.85% 2/1/29
|
5,455
|
4,665
|
|
3.1% 2/1/32
|
2,295
|
1,825
|
|
164,299
|
|||
Telecommunications - 5.0%
|
|||
Altice Financing SA:
|
|||
5% 1/15/28 (b)
|
5,598
|
5,031
|
|
5.75% 8/15/29 (b)
|
15,535
|
13,538
|
|
Altice France Holding SA 6% 2/15/28 (b)
|
10,793
|
4,818
|
|
Altice France SA:
|
|||
5.125% 1/15/29 (b)
|
12,809
|
9,454
|
|
5.125% 7/15/29 (b)
|
5,655
|
4,134
|
|
5.5% 1/15/28 (b)
|
4,220
|
3,295
|
|
5.5% 10/15/29 (b)
|
50
|
37
|
|
C&W Senior Financing Designated Activity Co. 6.875% 9/15/27 (b)
|
11,832
|
11,173
|
|
Cablevision Lightpath LLC:
|
|||
3.875% 9/15/27 (b)
|
2,199
|
1,970
|
|
5.625% 9/15/28 (b)
|
1,290
|
1,090
|
|
Consolidated Communications, Inc. 5% 10/1/28 (b)
|
2,395
|
1,961
|
|
Frontier Communications Holdings LLC:
|
|||
5% 5/1/28 (b)
|
5,510
|
5,085
|
|
5.875% 10/15/27 (b)
|
258
|
248
|
|
5.875% 11/1/29
|
3,789
|
3,211
|
|
8.75% 5/15/30 (b)
|
4,055
|
4,154
|
|
IHS Netherlands Holdco BV 8% 9/18/27 (b)
|
1,575
|
1,442
|
|
Intelsat Jackson Holdings SA 6.5% 3/15/30 (b)
|
5,820
|
5,498
|
|
LCPR Senior Secured Financing DAC 5.125% 7/15/29 (b)
|
2,555
|
2,249
|
|
Level 3 Financing, Inc.:
|
|||
3.625% 1/15/29 (b)(h)
|
4,904
|
2,599
|
|
4.25% 7/1/28 (b)(h)
|
2,180
|
1,210
|
|
10.5% 5/15/30 (b)
|
9,537
|
9,489
|
|
Millicom International Cellular SA:
|
|||
4.5% 4/27/31 (b)
|
7,907
|
6,592
|
|
5.125% 1/15/28 (b)
|
3,560
|
3,307
|
|
Sable International Finance Ltd. 5.75% 9/7/27 (b)
|
1,577
|
1,514
|
|
Sitios Latinoamerica S.A.B. de CV 5.375% 4/4/32 (b)
|
2,870
|
2,657
|
|
Telecom Italia Capital SA:
|
|||
6% 9/30/34
|
3,477
|
3,259
|
|
7.2% 7/18/36
|
3,069
|
3,082
|
|
7.721% 6/4/38
|
995
|
1,027
|
|
Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC 6% 1/15/30 (b)
|
8,460
|
5,605
|
|
Virgin Media Secured Finance PLC 4.5% 8/15/30 (b)
|
5,830
|
5,209
|
|
VMED O2 UK Financing I PLC 4.25% 1/31/31 (b)
|
1,079
|
944
|
|
Windstream Escrow LLC 7.75% 8/15/28 (b)
|
4,975
|
4,362
|
|
Zayo Group Holdings, Inc. 4% 3/1/27 (b)
|
7,010
|
5,331
|
|
134,575
|
|||
Textiles/Apparel - 0.2%
|
|||
Crocs, Inc. 4.125% 8/15/31 (b)
|
1,815
|
1,547
|
|
Foot Locker, Inc. 4% 10/1/29 (b)
|
1,045
|
883
|
|
Kontoor Brands, Inc. 4.125% 11/15/29 (b)
|
1,460
|
1,325
|
|
Victoria's Secret & Co. 4.625% 7/15/29 (b)
|
1,945
|
1,644
|
|
5,399
|
|||
Transportation Ex Air/Rail - 0.8%
|
|||
Golar LNG Ltd. 7% 10/20/25 (b)
|
4,760
|
4,705
|
|
Navios South American Logistics, Inc./Navios Logistics Finance U.S., Inc. 10.75% 7/1/25 (b)
|
1,380
|
1,374
|
|
Seaspan Corp. 5.5% 8/1/29 (b)
|
8,120
|
6,913
|
|
XPO, Inc.:
|
|||
6.25% 6/1/28 (b)
|
800
|
801
|
|
7.125% 6/1/31 (b)
|
1,330
|
1,362
|
|
7.125% 2/1/32 (b)
|
5,280
|
5,382
|
|
20,537
|
|||
Utilities - 3.0%
|
|||
Clearway Energy Operating LLC:
|
|||
3.75% 2/15/31 (b)
|
6,515
|
5,647
|
|
3.75% 1/15/32 (b)
|
670
|
569
|
|
4.75% 3/15/28 (b)
|
1,540
|
1,466
|
|
DPL, Inc.:
|
|||
4.125% 7/1/25
|
3,465
|
3,374
|
|
4.35% 4/15/29
|
460
|
426
|
|
EnLink Midstream Partners LP 4.15% 6/1/25
|
1,385
|
1,356
|
|
Global Partners LP/GLP Finance Corp. 7% 8/1/27
|
6,506
|
6,543
|
|
NextEra Energy Partners LP:
|
|||
4.5% 9/15/27 (b)
|
1,528
|
1,435
|
|
7.25% 1/15/29 (b)
|
265
|
273
|
|
NRG Energy, Inc.:
|
|||
3.375% 2/15/29 (b)
|
6,240
|
5,505
|
|
3.625% 2/15/31 (b)
|
1,990
|
1,707
|
|
5.25% 6/15/29 (b)
|
5,350
|
5,130
|
|
PG&E Corp.:
|
|||
5% 7/1/28
|
6,770
|
6,542
|
|
5.25% 7/1/30
|
14,760
|
14,094
|
|
Pike Corp.:
|
|||
5.5% 9/1/28 (b)
|
1,762
|
1,682
|
|
8.625% 1/31/31 (b)
|
3,270
|
3,459
|
|
Vistra Operations Co. LLC:
|
|||
5% 7/31/27 (b)
|
8,646
|
8,376
|
|
5.5% 9/1/26 (b)
|
2,845
|
2,819
|
|
5.625% 2/15/27 (b)
|
6,375
|
6,280
|
|
7.75% 10/15/31 (b)
|
2,240
|
2,327
|
|
79,010
|
|||
TOTAL NONCONVERTIBLE BONDS
|
2,249,694
|
||
|
TOTAL CORPORATE BONDS
(Cost $2,461,056)
|
2,297,390
|
||
Commercial Mortgage Securities - 0.4%
|
|||
Principal
Amount (a)
(000s)
|
Value ($)
(000s)
|
||
BX Commercial Mortgage Trust floater Series 2021-SOAR Class G, CME Term SOFR 1 Month Index + 2.910% 8.2485% 6/15/38 (b)(c)(d)
|
1,989
|
1,933
|
|
ELP Commercial Mortgage Trust floater Series 2021-ELP Class F, CME Term SOFR 1 Month Index + 2.780% 8.1155% 11/15/38 (b)(c)(d)
|
2,680
|
2,606
|
|
Extended Stay America Trust floater Series 2021-ESH Class F, CME Term SOFR 1 Month Index + 3.810% 9.1475% 7/15/38 (b)(c)(d)
|
1,075
|
1,070
|
|
Hilton U.S.A. Trust Series 2016-HHV Class F, 4.3333% 11/5/38 (b)(c)
|
1,700
|
1,562
|
|
Merit floater Series 2021-STOR Class F, CME Term SOFR 1 Month Index + 2.310% 7.6485% 7/15/38 (b)(c)(d)
|
3,994
|
3,879
|
|
|
TOTAL COMMERCIAL MORTGAGE SECURITIES
(Cost $10,873)
|
11,050
|
||
Common Stocks - 2.9%
|
|||
Shares
|
Value ($)
(000s)
|
||
Automotive & Auto Parts - 0.1%
|
|||
Aptiv PLC (j)
|
31,300
|
2,546
|
|
Capital Goods - 0.1%
|
|||
Regal Rexnord Corp.
|
22,700
|
3,030
|
|
Energy - 0.8%
|
|||
California Resources Corp. warrants 10/27/24 (j)
|
4,683
|
64
|
|
Forbes Energy Services Ltd. (h)(j)
|
47,062
|
0
|
|
Mesquite Energy, Inc. (h)(j)
|
213,506
|
17,202
|
|
New Fortress Energy, Inc. (k)
|
119,500
|
3,971
|
|
TOTAL ENERGY
|
21,237
|
||
Food & Drug Retail - 1.2%
|
|||
Southeastern Grocers, Inc. (g)(h)(j)
|
1,235,303
|
33,205
|
|
Healthcare - 0.2%
|
|||
Centene Corp. (j)
|
66,300
|
4,993
|
|
Technology - 0.2%
|
|||
Coherent Corp. (j)
|
83,800
|
3,984
|
|
MKS Instruments, Inc.
|
16,400
|
1,746
|
|
TOTAL TECHNOLOGY
|
5,730
|
||
Telecommunications - 0.3%
|
|||
CUI Acquisition Corp. Class E (h)(j)
|
1
|
0
|
|
GTT Communications, Inc. (h)
|
113,281
|
3,980
|
|
Helios Towers PLC (j)
|
3,285,800
|
3,294
|
|
TOTAL TELECOMMUNICATIONS
|
7,274
|
||
|
TOTAL COMMON STOCKS
(Cost $40,870)
|
78,015
|
||
Bank Loan Obligations - 5.0%
|
|||
Principal
Amount (a)
(000s)
|
Value ($)
(000s)
|
||
Automotive & Auto Parts - 0.1%
|
|||
PECF USS Intermediate Holding III Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.8239% 12/17/28 (c)(d)(l)
|
2,630
|
1,949
|
|
Broadcasting - 0.2%
|
|||
Diamond Sports Group LLC:
|
|||
1LN, term loan CME Term SOFR 1 Month Index + 8.000% 15.4527% 8/24/26 (c)(d)(l)
|
4,991
|
4,718
|
|
2LN, term loan CME Term SOFR 1 Month Index + 3.250% 10.6625% (c)(d)(e)(l)
|
11,482
|
757
|
|
TOTAL BROADCASTING
|
5,475
|
||
Building Materials - 0.2%
|
|||
Acproducts Holdings, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.250% 9.8598% 5/17/28 (c)(d)(l)
|
6,344
|
5,471
|
|
Chemicals - 0.5%
|
|||
Discovery Purchaser Corp. 1LN, term loan CME Term SOFR 3 Month Index + 4.370% 9.7052% 10/4/29 (c)(d)(l)
|
5,722
|
5,652
|
|
Hexion Holdings Corp. 1LN, term loan CME Term SOFR 3 Month Index + 4.500% 10.0215% 3/15/29 (c)(d)(l)
|
5,535
|
5,293
|
|
Olympus Water U.S. Holding Corp. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.750% 9.3598% 11/9/28 (c)(d)(l)
|
1,990
|
1,981
|
|
TOTAL CHEMICALS
|
12,926
|
||
Consumer Products - 0.1%
|
|||
Mattress Firm, Inc. Tranche B 1LN, term loan 6 month U.S. LIBOR + 4.250% 9.8598% 9/24/28 (c)(d)(l)
|
3,924
|
3,894
|
|
TKC Holdings, Inc. 1LN, term loan 13.5% 2/14/27 (c)(l)
|
319
|
166
|
|
TOTAL CONSUMER PRODUCTS
|
4,060
|
||
Energy - 0.2%
|
|||
EG America LLC Tranche BC 1LN, term loan CME Term SOFR 1 Month Index + 5.500% 11.2383% 2/7/28 (c)(d)(l)
|
5,996
|
5,861
|
|
Mesquite Energy, Inc.:
|
|||
1LN, term loan 3 month U.S. LIBOR + 8.000% 0% (d)(e)(h)(l)
|
3,958
|
0
|
|
term loan 3 month U.S. LIBOR + 0.000% 0% (d)(e)(h)(l)
|
1,690
|
0
|
|
TOTAL ENERGY
|
5,861
|
||
Healthcare - 0.1%
|
|||
Cano Health, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.4626% 11/23/27 (c)(d)(l)
|
6,065
|
2,488
|
|
Leisure - 1.0%
|
|||
City Football Group Ltd. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4511% 7/21/28 (c)(d)(l)
|
14,648
|
14,519
|
|
ClubCorp Holdings, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.000% 10.6098% 9/18/26 (c)(d)(l)
|
9,277
|
9,143
|
|
United PF Holdings LLC 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.5743% 12/30/26 (c)(d)(l)
|
4,580
|
3,975
|
|
TOTAL LEISURE
|
27,637
|
||
Services - 1.2%
|
|||
Artera Services LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.500% 8.9481% 3/6/25 (c)(d)(l)
|
2,783
|
2,772
|
|
Ascend Learning LLC:
|
|||
2LN, term loan CME Term SOFR 1 Month Index + 5.750% 11.1826% 12/10/29 (c)(d)(l)
|
1,580
|
1,457
|
|
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9326% 12/10/28 (c)(d)(l)
|
5,546
|
5,429
|
|
Brand Industrial Services, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.500% 10.8771% 8/1/30 (c)(d)(l)
|
2,925
|
2,914
|
|
CoreLogic, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9471% 6/2/28 (c)(d)(l)
|
6,162
|
5,936
|
|
Finastra U.S.A., Inc. term loan CME Term SOFR 1 Month Index + 7.250% 12.7129% 9/13/29 (c)(d)(h)(l)
|
4,749
|
4,749
|
|
Spin Holdco, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.000% 9.6246% 3/4/28 (c)(d)(l)
|
9,954
|
8,858
|
|
TOTAL SERVICES
|
32,115
|
||
Super Retail - 0.7%
|
|||
Great Outdoors Group LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1971% 3/5/28 (c)(d)(l)
|
5,597
|
5,577
|
|
LBM Acquisition LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1826% 12/18/27 (c)(d)(l)
|
12,559
|
12,439
|
|
TOTAL SUPER RETAIL
|
18,016
|
||
Technology - 0.4%
|
|||
Athenahealth Group, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.5826% 2/15/29 (c)(d)(l)
|
3,879
|
3,821
|
|
DH Corp./Societe term loan CME Term SOFR 3 Month Index + 7.250% 12.7129% 9/13/29 (c)(d)(h)(l)
|
111
|
111
|
|
McAfee Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.2027% 3/1/29 (c)(d)(l)
|
633
|
627
|
|
UKG, Inc.:
|
|||
1LN, term loan CME Term SOFR 3 Month Index + 3.250% 8.6802% 5/4/26 (c)(d)(l)
|
3,763
|
3,762
|
|
2LN, term loan CME Term SOFR 3 Month Index + 5.250% 10.6802% 5/3/27 (c)(d)(l)
|
1,500
|
1,499
|
|
TOTAL TECHNOLOGY
|
9,820
|
||
Telecommunications - 0.3%
|
|||
GTT Communications, Inc. 1LN, term loan CME Term SOFR 3 Month Index + 9.000% 14.4481% 6/30/28 (c)(d)(l)
|
4,943
|
3,460
|
|
Gtt Remainco LLC 1LN, term loan CME Term SOFR 1 Month Index + 7.000% 12.4326% 12/30/27 (c)(d)(l)
|
6,093
|
5,438
|
|
TOTAL TELECOMMUNICATIONS
|
8,898
|
||
|
TOTAL BANK LOAN OBLIGATIONS
(Cost $148,546)
|
134,716
|
||
Preferred Securities - 2.5%
|
|||
Principal
Amount (a)
(000s)
|
Value ($)
(000s)
|
||
Air Transportation - 0.2%
|
|||
AerCap Holdings NV 5.875% 10/10/79 (c)
|
6,905
|
6,858
|
|
Banks & Thrifts - 0.9%
|
|||
Ally Financial, Inc.:
|
|||
4.7% (c)(m)
|
4,475
|
3,627
|
|
4.7% (c)(m)
|
4,365
|
3,317
|
|
Bank of America Corp. 5.875% (c)(m)
|
5,385
|
5,223
|
|
JPMorgan Chase & Co.:
|
|||
4.6% (c)(m)
|
3,885
|
3,785
|
|
6.1% (c)(m)
|
5,400
|
5,406
|
|
Wells Fargo & Co. 5.9% (c)(m)
|
2,970
|
2,965
|
|
TOTAL BANKS & THRIFTS
|
24,323
|
||
Diversified Financial Services - 0.3%
|
|||
Aircastle Ltd. 5.25% (b)(c)(m)
|
5,175
|
4,535
|
|
Charles Schwab Corp. 4% (c)(m)
|
3,465
|
2,876
|
|
TOTAL DIVERSIFIED FINANCIAL SERVICES
|
7,411
|
||
Energy - 0.9%
|
|||
Energy Transfer LP 3 month U.S. LIBOR + 4.020% 9.6693% (c)(d)(m)
|
13,948
|
13,649
|
|
EnLink Midstream Partners LP CME Term SOFR 3 Month Index + 4.370% 9.7562% (c)(d)(m)
|
3,586
|
3,362
|
|
Plains All American Pipeline LP CME Term SOFR 3 Month Index + 4.110% 9.7513% (c)(d)(m)
|
6,563
|
6,489
|
|
TOTAL ENERGY
|
23,500
|
||
Services - 0.2%
|
|||
Air Lease Corp. 4.125% (c)(m)
|
5,559
|
4,697
|
|
|
TOTAL PREFERRED SECURITIES
(Cost $60,935)
|
66,789
|
||
Other - 1.8%
|
|||
Shares
|
Value ($)
(000s)
|
||
Other - 1.8%
|
|||
Fidelity Private Credit Central Fund LLC (g)(p)
(Cost $46,247)
|
4,650,410
|
47,433
|
|
Money Market Funds - 1.1%
|
|||
Shares
|
Value ($)
(000s)
|
||
Fidelity Cash Central Fund 5.39% (n)
|
24,944,218
|
24,949
|
|
Fidelity Securities Lending Cash Central Fund 5.39% (n)(o)
|
4,208,429
|
4,209
|
|
|
TOTAL MONEY MARKET FUNDS
(Cost $29,158)
|
29,158
|
||
|
TOTAL INVESTMENT IN SECURITIES - 99.6%
(Cost $2,797,685)
|
2,664,551
|
NET OTHER ASSETS (LIABILITIES) - 0.4%
|
11,686
|
NET ASSETS - 100.0%
|
2,676,237
|
(a)
|
Amount is stated in United States dollars unless otherwise noted.
|
(b)
|
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 $1,804,714,000 or 67.4% of net assets.
|
(c)
|
Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.
|
(d)
|
Coupon is indexed to a floating interest rate which may be multiplied by a specified factor and/or subject to caps or floors.
|
(e)
|
Non-income producing - Security is in default.
|
(f)
|
Security initially issued at one coupon which converts to a higher coupon at a specified date. The rate shown is the rate at period end.
|
(g)
|
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 $85,616,000 or 3.2% of net assets.
|
(h)
|
Level 3 security
|
(i)
|
Security or a portion of the security purchased on a delayed delivery or when-issued basis.
|
(j)
|
Non-income producing
|
(k)
|
Security or a portion of the security is on loan at period end.
|
(l)
|
Remaining maturities of bank loan obligations may be less than the stated maturities shown as a result of contractual or optional prepayments by the borrower. Such prepayments cannot be predicted with certainty.
|
(m)
|
Security is perpetual in nature with no stated maturity date.
|
(n)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
(o)
|
Investment made with cash collateral received from securities on loan.
|
(p)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments.
|
Additional information on each restricted holding is as follows:
|
||
Security
|
Acquisition Date
|
Acquisition Cost ($)
(000s)
|
Fidelity Private Credit Central Fund LLC
|
6/06/22
|
46,253
|
Jonah Energy Parent LLC 12% 11/5/25
|
5/05/23
|
4,614
|
Southeastern Grocers, Inc.
|
6/01/18
|
8,689
|
Affiliate (Amounts in thousands)
|
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 5.39%
|
70,215
|
575,809
|
621,075
|
1,598
|
-
|
-
|
24,949
|
0.0%
|
Fidelity Private Credit Central Fund LLC
|
46,120
|
46,264
|
46,253
|
4,374
|
-
|
1,302
|
47,433
|
6.8%
|
Fidelity Securities Lending Cash Central Fund 5.39%
|
428
|
21,687
|
17,906
|
4
|
-
|
-
|
4,209
|
0.0%
|
Total
|
116,763
|
643,760
|
685,234
|
5,976
|
-
|
1,302
|
76,591
|
|