UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: | 811-02896 | |
Exact name of registrant as specified in charter: |
Prudential Investment Portfolios, Inc. 15 | |
Address of principal executive offices: |
655 Broad Street, 17th Floor, | |
Newark, New Jersey 07102 | ||
Name and address of agent for service: |
Andrew R. French | |
655 Broad Street, 17th Floor, | ||
Newark, New Jersey 07102 | ||
Registrants telephone number, including area code: |
800-225-1852 | |
Date of fiscal year end: |
8/31/2019 | |
Date of reporting period: |
11/30/2018 |
Item 1. Schedule of Investments
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Long-Term Investments 97.0% | |||||
Asset-Backed Securities 5.4% | |||||
Collateralized Loan Obligations | |||||
Adams
Mill CLO Ltd. (Cayman Islands), Series 2014-01A, Class A1R, 144A, 3 Month LIBOR + 1.100% |
3.536 %(c) | 07/15/26 | 21,522 | $ 21,537,295 | |
ALM
Ltd. (Cayman Islands), Series 2015-12A, Class A1R2, 144A, 3 Month LIBOR + 0.890% |
3.326(c) | 04/16/27 | 23,000 | 22,992,520 | |
Atrium
(Cayman Islands), Series 12A, Class AR, 144A, 3 Month LIBOR + 0.830% |
3.299(c) | 04/22/27 | 50,000 | 49,754,810 | |
Benefit Street Partners CLO Ltd. (Cayman Islands), | |||||
Series 2015-VIIA, Class A1AR, 144A, 3 Month LIBOR + 0.780% | 3.225(c) | 07/18/27 | 30,000 | 29,901,606 | |
Series 2017-12A, Class A1, 144A, 3 Month LIBOR + 1.250% | 3.686(c) | 10/15/30 | 20,000 | 19,941,844 | |
CBAM
Ltd. (Cayman Islands), Series 2018-06A, Class A, 144A, 3 Month LIBOR + 0.940% |
3.330(c) | 07/15/31 | 29,000 | 28,914,398 | |
OCP
CLO Ltd. (Cayman Islands), Series 2015-09A, Class A1R, 144A, 3 Month LIBOR + 0.800% |
3.236(c) | 07/15/27 | 20,000 | 19,958,736 | |
OZLM
Ltd. (Cayman Islands), Series 2015-13A, Class A1R, 144A, 3 Month LIBOR + 1.080% |
3.600(c) | 07/30/27 | 23,650 | 23,648,879 | |
Silvermore
CLO Ltd. (Cayman Islands), Series 2014-01A, Class A1R, 144A, 3 Month LIBOR + 1.170% |
3.786(c) | 05/15/26 | 36,054 | 36,072,441 | |
Sound
Point CLO Ltd. (Cayman Islands), Series 2015-02A, Class AR, 144A, 3 Month LIBOR + 0.880% |
3.349(c) | 07/20/27 | 50,000 | 49,857,205 | |
Venture
CLO Ltd. (Cayman Islands), Series 2015-21A, Class AR, 144A, 3 Month LIBOR + 0.880% |
3.316(c) | 07/15/27 | 50,000 | 49,867,505 | |
Wellfleet
CLO Ltd. (Cayman Islands), Series 2016-01A, Class AR, 144A, 3 Month LIBOR + 0.910% |
3.379(c) | 04/20/28 | 3,000 | 2,985,963 | |
Zais CLO Ltd. (Cayman Islands), | |||||
Series 2016-02A, Class A1, 144A, 3 Month LIBOR + 1.530% | 3.966(c) | 10/15/28 | 20,000 | 20,004,042 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Asset-Backed Securities (Continued) | |||||
Collateralized Loan Obligations (cont’d.) | |||||
Zais CLO Ltd. (Cayman Islands), (cont’d.) | |||||
Series 2018-02A, Class A, 144A, 3 Month LIBOR + 1.200% | 3.720 %(c) | 07/20/31 | 30,000 | $ 29,972,487 | |
Total
Asset-Backed Securities (cost $406,296,406) |
405,409,731 | ||||
Bank Loans 3.4% | |||||
Chemicals 0.3% | |||||
Solenis
International LP, Second Lien Initial Term Loan, 3 Month LIBOR + 8.500% |
11.210(c) | 06/26/26 | 25,365 | 24,604,050 | |
Commercial Services 0.5% | |||||
Financial
& Risk US Holdings, Inc., Initial Dollar Term Loan, 1 Month LIBOR + 3.750% |
6.090(c) | 10/01/25 | 39,825 | 38,746,420 | |
Computers 1.1% | |||||
McAfee LLC, | |||||
Second Lien Initial Loan, 1 Month LIBOR + 8.500% | 10.850(c) | 09/29/25 | 41,869 | 42,182,766 | |
Term B USD Loan, 1 Month LIBOR + 3.750% | 6.100(c) | 09/30/24 | 40,991 | 40,878,813 | |
83,061,579 | |||||
Media 0.4% | |||||
Numericable
U.S. LLC (France), USD TLB-13 Incremental Term Loan, 1 Month LIBOR + 4.000% |
6.310(c) | 08/14/26 | 30,450 | 28,957,950 | |
Mining 0.1% | |||||
Aleris
International, Inc., Initial Term Loan, 1 - 2 Month LIBOR + 4.750% |
7.170(c) | 02/27/23 | 8,903 | 8,947,201 | |
Retail 0.2% | |||||
EG
America, LLC (United Kingdom), Second Lien Facility (USD), 3 Month LIBOR + 8.000% |
10.390(c) | 03/23/26 | 11,975 | 11,810,344 | |
Software 0.6% | |||||
Almonde,
Inc., Dollar Term Loan (Second Lien), 3 Month LIBOR + 7.250% |
9.640(c) | 06/13/25 | 15,640 | 14,912,740 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Bank Loans (Continued) | |||||
Software (cont’d.) | |||||
Boxer
Parent Co., Inc., Initial Dollar Term Loan, 3 Month LIBOR + 4.250% |
6.650 %(c) | 10/02/25 | 18,000 | $ 17,770,914 | |
Infor
(US), Inc., Tranche B-6 Term Loan, 3 Month LIBOR + 2.750% |
5.136(c) | 02/01/22 | 5,000 | 4,930,000 | |
Kronos,
Inc., Second Lien Initial Term Loan, 3 Month LIBOR + 8.250% |
10.790(c) | 11/01/24 | 7,500 | 7,512,502 | |
45,126,156 | |||||
Telecommunications 0.2% | |||||
Intelsat
Jackson Holdings SA (Luxembourg), Tranche B-5 Term Loan |
6.630 | 01/02/24 | 12,305 | 12,328,072 | |
Total
Bank Loans (cost $254,637,665) |
253,581,772 | ||||
Corporate Bonds 88.1% | |||||
Advertising 0.1% | |||||
Clear
Channel International BV, Gtd. Notes, 144A |
8.750 | 12/15/20 | 3,807 | 3,892,657 | |
Mood
Media Borrower LLC/Mood Media Co-Issuer, Inc., Sec’d. Notes, 6 Month LIBOR + 14.000% (Cap N/A, Floor 1.000%) |
16.501(c) | 07/01/24 | 2,070 | 2,038,838 | |
5,931,495 | |||||
Aerospace & Defense 2.2% | |||||
Arconic,
Inc., Sr. Unsec’d. Notes |
5.125 | 10/01/24 | 5,000 | 4,850,000 | |
Bombardier, Inc. (Canada), | |||||
Sr. Unsec’d. Notes, 144A | 5.750 | 03/15/22 | 1,413 | 1,342,350 | |
Sr. Unsec’d. Notes, 144A | 6.125 | 01/15/23 | 1,207 | 1,146,650 | |
Sr. Unsec’d. Notes, 144A | 7.450 | 05/01/34 | 1,275 | 1,109,250 | |
Sr. Unsec’d. Notes, 144A | 7.500 | 12/01/24 | 86,276 | 82,070,045 | |
Sr. Unsec’d. Notes, 144A | 7.500 | 03/15/25 | 5,075 | 4,821,250 | |
Sr. Unsec’d. Notes, 144A | 8.750 | 12/01/21 | 36,800 | 37,950,000 | |
TransDigm
UK Holdings PLC, Gtd. Notes, 144A |
6.875 | 05/15/26 | 8,875 | 8,764,062 | |
TransDigm, Inc., | |||||
Gtd. Notes | 6.375 | 06/15/26 | 15,650 | 15,276,591 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Aerospace & Defense (cont’d.) | |||||
TransDigm, Inc., (cont’d.) | |||||
Gtd. Notes(a) | 6.500 % | 07/15/24 | 4,830 | $ 4,842,075 | |
Gtd. Notes | 6.500 | 05/15/25 | 2,300 | 2,291,375 | |
164,463,648 | |||||
Agriculture 0.1% | |||||
Vector
Group Ltd., Sr. Sec’d. Notes, 144A |
6.125 | 02/01/25 | 12,902 | 11,547,290 | |
Auto Manufacturers 1.0% | |||||
Allison
Transmission, Inc., Sr. Unsec’d. Notes, 144A |
4.750 | 10/01/27 | 5,350 | 4,815,000 | |
Ford Motor Co., | |||||
Sr. Unsec’d. Notes | 4.750 | 01/15/43 | 2,175 | 1,637,226 | |
Sr. Unsec’d. Notes | 5.291 | 12/08/46 | 10,775 | 8,656,389 | |
General
Motors Co., Sr. Unsec’d. Notes |
5.000 | 10/01/28 | 12,950 | 12,145,443 | |
JB
Poindexter & Co., Inc., Sr. Unsec’d. Notes, 144A |
7.125 | 04/15/26 | 7,225 | 6,881,812 | |
Mclaren
Finance PLC (United Kingdom), Sr. Sec’d. Notes, 144A(a) |
5.750 | 08/01/22 | 825 | 755,865 | |
Navistar
International Corp., Gtd. Notes, 144A |
6.625 | 11/01/25 | 38,000 | 37,572,880 | |
72,464,615 | |||||
Auto Parts & Equipment 1.6% | |||||
Adient
Global Holdings Ltd., Gtd. Notes, 144A(a) |
4.875 | 08/15/26 | 26,100 | 20,977,875 | |
American Axle & Manufacturing, Inc., | |||||
Gtd. Notes(a) | 6.250 | 04/01/25 | 6,650 | 6,184,500 | |
Gtd. Notes(a) | 6.250 | 03/15/26 | 34,250 | 31,081,875 | |
Gtd. Notes(a) | 6.500 | 04/01/27 | 4,200 | 3,811,500 | |
Cooper-Standard
Automotive, Inc., Gtd. Notes, 144A |
5.625 | 11/15/26 | 23,602 | 21,595,830 | |
Dana
Financing Luxembourg Sarl, Gtd. Notes, 144A(a) |
6.500 | 06/01/26 | 24,852 | 24,168,570 | |
IHO
Verwaltungs GmbH (Germany), Sr. Sec’d. Notes, 144A, Cash coupon 4.750% or PIK 5.500% |
4.750 | 09/15/26 | 2,725 | 2,404,812 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Auto Parts & Equipment (cont’d.) | |||||
Meritor,
Inc., Gtd. Notes |
6.250 % | 02/15/24 | 2,375 | $ 2,297,813 | |
Titan
International, Inc., Sr. Sec’d. Notes(a) |
6.500 | 11/30/23 | 13,300 | 12,269,250 | |
124,792,025 | |||||
Banks 0.3% | |||||
CIT
Group, Inc., Sub. Notes |
6.125 | 03/09/28 | 22,200 | 22,755,000 | |
Beverages 0.2% | |||||
Cott
Holdings, Inc. (Canada), Gtd. Notes, 144A |
5.500 | 04/01/25 | 15,507 | 14,964,255 | |
Building Materials 1.6% | |||||
Cemex SAB de CV (Mexico), | |||||
Sr. Sec’d. Notes, 144A | 5.700 | 01/11/25 | 4,635 | 4,393,980 | |
Sr. Sec’d. Notes, 144A(a) | 7.750 | 04/16/26 | 1,850 | 1,936,210 | |
Griffon
Corp., Gtd. Notes(a) |
5.250 | 03/01/22 | 44,150 | 41,225,062 | |
Masonite
International Corp., Gtd. Notes, 144A(a) |
5.750 | 09/15/26 | 9,927 | 9,368,606 | |
Standard Industries, Inc., | |||||
Sr. Unsec’d. Notes, 144A | 4.750 | 01/15/28 | 16,028 | 14,024,500 | |
Sr. Unsec’d. Notes, 144A(a) | 5.375 | 11/15/24 | 3,710 | 3,524,500 | |
Summit Materials LLC/Summit Materials Finance Corp., | |||||
Gtd. Notes(a) | 6.125 | 07/15/23 | 10,083 | 9,981,868 | |
Gtd. Notes | 8.500 | 04/15/22 | 5,025 | 5,295,094 | |
Gtd. Notes, 144A(a) | 5.125 | 06/01/25 | 7,482 | 6,789,915 | |
U.S.
Concrete, Inc., Gtd. Notes(a) |
6.375 | 06/01/24 | 23,296 | 22,072,960 | |
118,612,695 | |||||
Chemicals 4.0% | |||||
Alpha
2 BV (Germany), Sr. Unsec’d. Notes, 144A, Cash coupon 8.750% or PIK 9.500%(a) |
8.750 | 06/01/23 | 21,900 | 21,243,000 | |
Alpha
3 BV/Alpha US Bidco, Inc. (United Kingdom), Gtd. Notes, 144A |
6.250 | 02/01/25 | 5,625 | 5,400,000 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Chemicals (cont’d.) | |||||
Ashland
LLC, Gtd. Notes |
6.875 % | 05/15/43 | 29,629 | $ 29,406,782 | |
Chemours Co. (The), | |||||
Gtd. Notes | 5.375 | 05/15/27 | 14,545 | 13,126,862 | |
Gtd. Notes(a) | 6.625 | 05/15/23 | 9,175 | 9,312,625 | |
Gtd. Notes | 7.000 | 05/15/25 | 11,318 | 11,459,475 | |
Cornerstone
Chemical Co., Sr. Sec’d. Notes, 144A |
6.750 | 08/15/24 | 13,630 | 12,880,350 | |
Hexion, Inc., | |||||
Sec’d. Notes, 144A(a) | 13.750 | 02/01/22 | 14,465 | 6,943,200 | |
Sr. Sec’d. Notes, 144A(a) | 10.375 | 02/01/22 | 7,465 | 6,214,613 | |
NOVA Chemicals Corp. (Canada), | |||||
Sr. Unsec’d. Notes, 144A | 4.875 | 06/01/24 | 2,820 | 2,622,600 | |
Sr. Unsec’d. Notes, 144A(a) | 5.000 | 05/01/25 | 4,100 | 3,813,000 | |
Sr. Unsec’d. Notes, 144A(a) | 5.250 | 06/01/27 | 39,013 | 35,745,661 | |
Olin
Corp., Sr. Unsec’d. Notes |
5.000 | 02/01/30 | 1,640 | 1,459,600 | |
Platform Specialty Products Corp., | |||||
Gtd. Notes, 144A | 5.875 | 12/01/25 | 15,725 | 15,331,875 | |
Gtd. Notes, 144A | 6.500 | 02/01/22 | 5,355 | 5,455,406 | |
PQ
Corp., Sr. Sec’d. Notes, 144A |
6.750 | 11/15/22 | 3,525 | 3,657,188 | |
Rain
CII Carbon LLC/CII Carbon Corp., Sec’d. Notes, 144A |
7.250 | 04/01/25 | 26,039 | 24,086,075 | |
Starfruit
Finco BV/Starfruit US Holdco LLC (Netherlands), Sr. Unsec’d. Notes, 144A(a) |
8.000 | 10/01/26 | 10,175 | 9,768,000 | |
TPC
Group, Inc., Sr. Sec’d. Notes, 144A |
8.750 | 12/15/20 | 21,615 | 20,858,475 | |
Tronox
Finance PLC, Gtd. Notes, 144A(a) |
5.750 | 10/01/25 | 31,912 | 27,045,420 | |
Tronox,
Inc., Gtd. Notes, 144A(a) |
6.500 | 04/15/26 | 17,725 | 15,332,125 | |
Venator
Finance Sarl/Venator Materials LLC, Gtd. Notes, 144A |
5.750 | 07/15/25 | 23,257 | 18,721,885 | |
299,884,217 | |||||
Coal 0.2% | |||||
Warrior
Met Coal, Inc., Sr. Sec’d. Notes, 144A |
8.000 | 11/01/24 | 12,450 | 12,605,625 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Commercial Services 3.1% | |||||
Laureate
Education, Inc., Gtd. Notes, 144A(a) |
8.250 % | 05/01/25 | 56,611 | $ 60,432,243 | |
Nielsen
Finance LLC/Nielsen Finance Co., Gtd. Notes, 144A(a) |
5.000 | 04/15/22 | 13,750 | 13,446,125 | |
Refinitiv
US Holdings, Inc., Gtd. Notes, 144A(a) |
8.250 | 11/15/26 | 45,020 | 42,881,550 | |
United Rentals North America, Inc., | |||||
Gtd. Notes(a) | 4.875 | 01/15/28 | 60,805 | 54,838,509 | |
Gtd. Notes(a) | 5.500 | 05/15/27 | 10,975 | 10,357,656 | |
Gtd. Notes(a) | 5.875 | 09/15/26 | 31,625 | 30,715,781 | |
Gtd. Notes(a) | 6.500 | 12/15/26 | 11,925 | 11,969,719 | |
Verscend
Escrow Corp., Sr. Unsec’d. Notes, 144A(a) |
9.750 | 08/15/26 | 12,025 | 11,574,063 | |
236,215,646 | |||||
Computers 1.6% | |||||
Banff
Merger Sub, Inc., Sr. Unsec’d. Notes, 144A |
9.750 | 09/01/26 | 42,850 | 40,332,562 | |
Dell International LLC/EMC Corp., | |||||
Gtd. Notes, 144A | 5.875 | 06/15/21 | 4,000 | 4,055,735 | |
Gtd. Notes, 144A | 7.125 | 06/15/24 | 1,290 | 1,348,308 | |
Everi
Payments, Inc., Gtd. Notes, 144A(a) |
7.500 | 12/15/25 | 16,071 | 15,669,225 | |
Exela
Intermediate LLC/Exela Finance, Inc., Sr. Sec’d. Notes, 144A |
10.000 | 07/15/23 | 2,399 | 2,422,990 | |
NCR Corp., | |||||
Gtd. Notes(a) | 5.000 | 07/15/22 | 11,400 | 10,830,000 | |
Gtd. Notes(a) | 6.375 | 12/15/23 | 8,543 | 8,436,213 | |
West
Corp., Gtd. Notes, 144A(a) |
8.500 | 10/15/25 | 39,652 | 32,712,900 | |
Western
Digital Corp., Gtd. Notes |
4.750 | 02/15/26 | 9,855 | 9,017,325 | |
124,825,258 | |||||
Distribution/Wholesale 0.4% | |||||
Global Partners LP/GLP Finance Corp., | |||||
Gtd. Notes | 6.250 | 07/15/22 | 6,645 | 6,547,319 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Distribution/Wholesale (cont’d.) | |||||
Global Partners LP/GLP Finance Corp., (cont’d.) | |||||
Gtd. Notes | 7.000 % | 06/15/23 | 18,670 | $18,389,950 | |
H&E
Equipment Services, Inc., Gtd. Notes(a) |
5.625 | 09/01/25 | 9,600 | 8,952,000 | |
33,889,269 | |||||
Diversified Financial Services 2.4% | |||||
Alliance
Data Systems Corp., Gtd. Notes, 144A |
5.375 | 08/01/22 | 12,765 | 12,701,175 | |
LPL
Holdings, Inc., Gtd. Notes, 144A(a) |
5.750 | 09/15/25 | 16,475 | 15,610,062 | |
Nationstar
Mortgage Holdings, Inc., Gtd. Notes, 144A(a) |
9.125 | 07/15/26 | 68,725 | 69,541,109 | |
Navient Corp., | |||||
Sr. Unsec’d. Notes | 7.250 | 09/25/23 | 6,675 | 6,708,375 | |
Sr. Unsec’d. Notes, MTN(a) | 8.000 | 03/25/20 | 5,575 | 5,756,188 | |
Springleaf Finance Corp., | |||||
Gtd. Notes | 6.000 | 06/01/20 | 8,225 | 8,338,094 | |
Gtd. Notes | 6.875 | 03/15/25 | 14,925 | 14,048,156 | |
Gtd. Notes | 7.125 | 03/15/26 | 14,800 | 13,912,000 | |
Tempo
Acquisition LLC/Tempo Acquisition Finance Corp., Sr. Unsec’d. Notes, 144A(a) |
6.750 | 06/01/25 | 14,250 | 13,466,250 | |
Travelport
Corporate Finance PLC, Sr. Sec’d. Notes, 144A |
6.000 | 03/15/26 | 14,450 | 14,233,250 | |
VFH
Parent LLC/Orchestra Co-Issuer, Inc., Sec’d. Notes, 144A |
6.750 | 06/15/22 | 5,925 | 5,997,878 | |
180,312,537 | |||||
Electric 4.2% | |||||
Calpine Corp., | |||||
Sr. Unsec’d. Notes | 5.375 | 01/15/23 | 4,725 | 4,476,938 | |
Sr. Unsec’d. Notes | 5.500 | 02/01/24 | 26,870 | 24,787,575 | |
Sr. Unsec’d. Notes(a) | 5.750 | 01/15/25 | 92,294 | 84,910,480 | |
GenOn Energy, Inc., | |||||
Sr. Unsec’d. Notes(d) | 7.875 | 06/15/17 | 32,562 | 20,514,060 | |
Sr. Unsec’d. Notes(d) | 9.500 | 10/15/18 | 4,225 | 2,661,750 | |
Sr. Unsec’d. Notes(a)(d) | 9.875 | 10/15/20 | 33,897 | 21,355,110 | |
Mirant
Corp., Bonds, 144A^(d) |
7.400 | 07/15/49 | 2,675 | 2,675 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Electric (cont’d.) | |||||
NRG Energy, Inc., | |||||
Gtd. Notes(a) | 5.750 % | 01/15/28 | 12,050 | $ 11,748,750 | |
Gtd. Notes | 6.250 | 05/01/24 | 4,063 | 4,154,418 | |
Gtd. Notes | 6.625 | 01/15/27 | 1,155 | 1,176,564 | |
Gtd. Notes(a) | 7.250 | 05/15/26 | 15,875 | 16,787,812 | |
NRG
REMA LLC, Pass-Through Certificates, Series C(d) |
9.681 | 07/02/26 | 31,364 | 27,600,658 | |
Red
Oak Power LLC, Sr. Sec’d. Notes, Series B |
9.200 | 11/30/29 | 200 | 226,000 | |
Vistra Energy Corp., | |||||
Gtd. Notes(a) | 5.875 | 06/01/23 | 3,925 | 3,969,156 | |
Gtd. Notes | 7.375 | 11/01/22 | 32,575 | 33,796,562 | |
Gtd. Notes(a) | 7.625 | 11/01/24 | 30,767 | 32,689,937 | |
Vistra
Operations Co. LLC, Gtd. Notes, 144A |
5.500 | 09/01/26 | 31,805 | 31,288,169 | |
322,146,614 | |||||
Electronics 0.2% | |||||
Itron,
Inc., Gtd. Notes, 144A(a) |
5.000 | 01/15/26 | 6,325 | 5,886,235 | |
Sensata Technologies BV, | |||||
Gtd. Notes, 144A(a) | 4.875 | 10/15/23 | 6,615 | 6,482,700 | |
Gtd. Notes, 144A | 5.000 | 10/01/25 | 1,800 | 1,732,500 | |
Gtd. Notes, 144A | 5.625 | 11/01/24 | 950 | 952,375 | |
15,053,810 | |||||
Engineering & Construction 1.0% | |||||
AECOM, | |||||
Gtd. Notes | 5.125 | 03/15/27 | 11,625 | 10,572,938 | |
Gtd. Notes(a) | 5.875 | 10/15/24 | 8,925 | 8,958,469 | |
Pisces
Midco, Inc., Gtd. Notes, 144A(a) |
8.000 | 04/15/26 | 18,200 | 17,290,000 | |
StandardAero
Aviation Holdings, Inc., Gtd. Notes, 144A |
10.000 | 07/15/23 | 11,850 | 12,679,500 | |
TopBuild
Corp., Gtd. Notes, 144A |
5.625 | 05/01/26 | 27,203 | 25,230,782 | |
74,731,689 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Entertainment 3.6% | |||||
AMC Entertainment Holdings, Inc., | |||||
Gtd. Notes(a) | 5.750 % | 06/15/25 | 12,925 | $ 11,697,125 | |
Gtd. Notes(a) | 5.875 | 11/15/26 | 31,775 | 28,279,750 | |
Caesars
Resort Collection LLC/CRC Finco, Inc., Gtd. Notes, 144A(a) |
5.250 | 10/15/25 | 56,666 | 51,991,055 | |
Carmike
Cinemas, Inc., Sec’d. Notes, 144A(a) |
6.000 | 06/15/23 | 5,325 | 5,351,625 | |
Churchill
Downs, Inc., Gtd. Notes, 144A(a) |
4.750 | 01/15/28 | 11,561 | 10,520,510 | |
Eldorado
Resorts, Inc., Gtd. Notes(a) |
6.000 | 04/01/25 | 1,650 | 1,608,750 | |
International Game Technology PLC, | |||||
Sr. Sec’d. Notes, 144A(a) | 6.250 | 01/15/27 | 8,600 | 8,605,375 | |
Sr. Sec’d. Notes, 144A(a) | 6.500 | 02/15/25 | 20,106 | 20,514,152 | |
Jacobs
Entertainment, Inc., Sec’d. Notes, 144A |
7.875 | 02/01/24 | 16,090 | 16,889,673 | |
National CineMedia LLC, | |||||
Sr. Sec’d. Notes(a) | 6.000 | 04/15/22 | 4,725 | 4,742,719 | |
Sr. Unsec’d. Notes | 5.750 | 08/15/26 | 20,160 | 18,547,200 | |
Penn
National Gaming, Inc., Sr. Unsec’d. Notes, 144A |
5.625 | 01/15/27 | 17,452 | 16,055,840 | |
Scientific Games International, Inc., | |||||
Gtd. Notes | 6.250 | 09/01/20 | 6,000 | 5,850,000 | |
Gtd. Notes | 6.625 | 05/15/21 | 24,065 | 23,222,725 | |
Gtd. Notes | 10.000 | 12/01/22 | 41,145 | 42,632,391 | |
Sr. Sec’d. Notes, 144A(a) | 5.000 | 10/15/25 | 7,625 | 7,138,144 | |
273,647,034 | |||||
Environmental Control 0.1% | |||||
Advanced
Disposal Services, Inc., Gtd. Notes, 144A |
5.625 | 11/15/24 | 10,925 | 10,679,188 | |
Foods 1.8% | |||||
Albertsons
Cos LLC/Safeway, Inc./New Albertson’s, Inc./Albertson’s LLC, Gtd. Notes(a) |
5.750 | 03/15/25 | 18,630 | 16,627,275 | |
B&G Foods, Inc., | |||||
Gtd. Notes(a) | 4.625 | 06/01/21 | 2,150 | 2,112,375 | |
Gtd. Notes(a) | 5.250 | 04/01/25 | 9,500 | 8,978,450 | |
JBS USA LUX SA/JBS USA Finance, Inc., | |||||
Gtd. Notes, 144A(a) | 5.750 | 06/15/25 | 32,250 | 31,201,875 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Foods (cont’d.) | |||||
JBS USA LUX SA/JBS USA Finance, Inc., (cont’d.) | |||||
Gtd. Notes, 144A(a) | 5.875 % | 07/15/24 | 10,063 | $9,886,897 | |
Matterhorn
Merger Sub LLC/Matterhorn Finance Sub, Inc., Sr. Unsec’d. Notes, 144A |
8.500 | 06/01/26 | 10,650 | 9,292,125 | |
Pilgrim’s Pride Corp., | |||||
Gtd. Notes, 144A(a) | 5.750 | 03/15/25 | 10,850 | 10,551,625 | |
Gtd. Notes, 144A | 5.875 | 09/30/27 | 28,540 | 27,041,650 | |
Post
Holdings, Inc., Gtd. Notes, 144A(a) |
5.625 | 01/15/28 | 22,502 | 20,870,605 | |
136,562,877 | |||||
Forest Products & Paper 0.0% | |||||
Mercer
International, Inc. (Canada), Sr. Unsec’d. Notes |
6.500 | 02/01/24 | 1,550 | 1,542,250 | |
Gas 0.7% | |||||
AmeriGas Partners LP/AmeriGas Finance Corp., | |||||
Sr. Unsec’d. Notes | 5.500 | 05/20/25 | 25,635 | 23,680,331 | |
Sr. Unsec’d. Notes | 5.625 | 05/20/24 | 3,550 | 3,372,500 | |
Sr. Unsec’d. Notes | 5.875 | 08/20/26 | 9,700 | 9,045,250 | |
Superior
Plus LP/Superior General Partner, Inc. (Canada), Sr. Unsec’d. Notes, 144A |
7.000 | 07/15/26 | 15,325 | 15,095,125 | |
51,193,206 | |||||
Healthcare-Products 0.3% | |||||
Mallinckrodt
International Finance SA, Gtd. Notes(a) |
4.750 | 04/15/23 | 6,659 | 5,360,495 | |
Mallinckrodt
International Finance SA/Mallinckrodt CB LLC, |
|||||
Gtd. Notes, 144A(a) | 5.500 | 04/15/25 | 15,923 | 12,618,978 | |
Gtd. Notes, 144A(a) | 5.625 | 10/15/23 | 6,006 | 5,135,130 | |
23,114,603 | |||||
Healthcare-Services 4.6% | |||||
Acadia Healthcare Co., Inc., | |||||
Gtd. Notes | 5.125 | 07/01/22 | 4,486 | 4,396,280 | |
Gtd. Notes(a) | 5.625 | 02/15/23 | 4,270 | 4,198,819 | |
Gtd. Notes(a) | 6.125 | 03/15/21 | 2,070 | 2,064,825 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Healthcare-Services (cont’d.) | |||||
Acadia Healthcare Co., Inc., (cont’d.) | |||||
Gtd. Notes(a) | 6.500 % | 03/01/24 | 5,149 | $ 5,046,020 | |
CHS/Community Health Systems, Inc., | |||||
Gtd. Notes(a) | 6.875 | 02/01/22 | 54,562 | 27,019,102 | |
Sec’d. Notes, 144A(a) | 8.125 | 06/30/24 | 27,282 | 21,007,140 | |
Sr. Sec’d. Notes | 6.250 | 03/31/23 | 13,425 | 12,451,688 | |
DaVita, Inc., | |||||
Gtd. Notes(a) | 5.000 | 05/01/25 | 5,200 | 4,875,000 | |
Gtd. Notes | 5.125 | 07/15/24 | 6,925 | 6,656,656 | |
Encompass
Health Corp., Gtd. Notes |
5.125 | 03/15/23 | 1,525 | 1,523,094 | |
Hadrian
Merger Sub, Inc., Sr. Unsec’d. Notes, 144A |
8.500 | 05/01/26 | 10,075 | 9,344,563 | |
HCA, Inc., | |||||
Gtd. Notes(a) | 5.375 | 02/01/25 | 45,632 | 45,917,200 | |
Gtd. Notes | 5.875 | 02/15/26 | 5,295 | 5,453,850 | |
Gtd. Notes | 7.500 | 12/15/23 | 12,480 | 13,447,200 | |
MEDNAX,
Inc., Sr. Unsec’d. Notes, 144A |
6.250 | 01/15/27 | 15,000 | 14,940,000 | |
RegionalCare
Hospital Partners Holdings, Inc./LifePoint Health, Inc., Gtd. Notes, 144A(a) |
9.750 | 12/01/26 | 23,075 | 22,988,469 | |
Select
Medical Corp., Gtd. Notes |
6.375 | 06/01/21 | 17,321 | 17,445,711 | |
Surgery Center Holdings, Inc., | |||||
Gtd. Notes, 144A(a) | 6.750 | 07/01/25 | 7,785 | 7,210,856 | |
Gtd. Notes, 144A | 8.875 | 04/15/21 | 7,800 | 7,917,000 | |
Tenet Healthcare Corp., | |||||
Sr. Unsec’d. Notes | 6.750 | 02/01/20 | 9,075 | 9,279,188 | |
Sr. Unsec’d. Notes(a) | 6.750 | 06/15/23 | 32,325 | 31,920,937 | |
Sr. Unsec’d. Notes(a) | 7.000 | 08/01/25 | 35,450 | 34,563,750 | |
Sr. Unsec’d. Notes(a) | 8.125 | 04/01/22 | 34,616 | 36,000,640 | |
345,667,988 | |||||
Home Builders 3.7% | |||||
Ashton
Woods USA LLC/Ashton Woods Finance Co., Sr. Unsec’d. Notes, 144A |
6.750 | 08/01/25 | 21,144 | 19,029,600 | |
Beazer Homes USA, Inc., | |||||
Gtd. Notes(a) | 5.875 | 10/15/27 | 10,575 | 8,671,500 | |
Gtd. Notes | 6.750 | 03/15/25 | 10,425 | 9,174,000 | |
Gtd. Notes | 7.250 | 02/01/23 | 421 | 395,740 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Home Builders (cont’d.) | |||||
Beazer Homes USA, Inc., (cont’d.) | |||||
Gtd. Notes | 8.750 % | 03/15/22 | 6,451 | $6,552,926 | |
Brookfield
Residential Properties, Inc. (Canada), Gtd. Notes, 144A |
6.375 | 05/15/25 | 12,275 | 11,262,313 | |
KB Home, | |||||
Gtd. Notes | 7.000 | 12/15/21 | 1,412 | 1,457,890 | |
Gtd. Notes | 7.500 | 09/15/22 | 525 | 546,000 | |
Gtd. Notes(a) | 7.625 | 05/15/23 | 11,575 | 12,038,000 | |
Lennar Corp., | |||||
Gtd. Notes(a) | 4.750 | 05/30/25 | 9,098 | 8,631,728 | |
Gtd. Notes(a) | 4.750 | 11/29/27 | 2,075 | 1,909,000 | |
Gtd. Notes(a) | 4.875 | 12/15/23 | 4,575 | 4,472,063 | |
Gtd. Notes | 5.250 | 06/01/26 | 12,150 | 11,633,625 | |
Gtd. Notes | 5.375 | 10/01/22 | 3,675 | 3,693,375 | |
M/I Homes, Inc., | |||||
Gtd. Notes | 5.625 | 08/01/25 | 11,839 | 10,891,880 | |
Gtd. Notes | 6.750 | 01/15/21 | 5,550 | 5,536,125 | |
Mattamy Group Corp. (Canada), | |||||
Sr. Unsec’d. Notes, 144A(a) | 6.500 | 10/01/25 | 12,654 | 11,878,942 | |
Sr. Unsec’d. Notes, 144A | 6.875 | 12/15/23 | 11,725 | 11,256,000 | |
Meritage Homes Corp., | |||||
Gtd. Notes(a) | 5.125 | 06/06/27 | 22,373 | 19,688,240 | |
Gtd. Notes | 6.000 | 06/01/25 | 14,125 | 13,701,250 | |
New
Home Co., Inc. (The), Gtd. Notes |
7.250 | 04/01/22 | 6,692 | 6,491,240 | |
PulteGroup, Inc., | |||||
Gtd. Notes | 5.000 | 01/15/27 | 16,950 | 15,742,312 | |
Gtd. Notes(a) | 5.500 | 03/01/26 | 11,835 | 11,675,819 | |
Shea
Homes LP/Shea Homes Funding Corp., Gtd. Notes, 144A |
6.125 | 04/01/25 | 6,510 | 5,826,450 | |
Taylor
Morrison Communities, Inc., Gtd. Notes |
6.625 | 05/15/22 | 5,075 | 5,106,719 | |
Taylor
Morrison Communities, Inc./Taylor Morrison Holdings II, Inc., |
|||||
Gtd. Notes, 144A | 5.625 | 03/01/24 | 10,688 | 10,260,480 | |
Gtd. Notes, 144A | 5.875 | 04/15/23 | 11,954 | 11,699,977 | |
William Lyon Homes, Inc., | |||||
Gtd. Notes(a) | 5.875 | 01/31/25 | 35,430 | 30,204,075 | |
Gtd. Notes | 7.000 | 08/15/22 | 9,844 | 9,871,563 | |
279,298,832 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Home Furnishings 0.5% | |||||
Tempur
Sealy International, Inc., Gtd. Notes(a) |
5.500 % | 06/15/26 | 37,707 | $ 35,538,848 | |
Household Products/Wares 0.2% | |||||
Spectrum
Brands, Inc., Gtd. Notes(a) |
5.750 | 07/15/25 | 17,060 | 16,143,025 | |
Housewares 0.1% | |||||
Scotts Miracle-Gro Co. (The), | |||||
Gtd. Notes(a) | 5.250 | 12/15/26 | 8,828 | 8,254,180 | |
Gtd. Notes | 6.000 | 10/15/23 | 1,793 | 1,815,413 | |
10,069,593 | |||||
Internet 0.6% | |||||
Zayo Group LLC/Zayo Capital, Inc., | |||||
Gtd. Notes | 6.000 | 04/01/23 | 4,620 | 4,596,900 | |
Gtd. Notes, 144A | 5.750 | 01/15/27 | 41,377 | 39,515,035 | |
44,111,935 | |||||
Iron/Steel 0.7% | |||||
AK Steel Corp., | |||||
Gtd. Notes(a) | 6.375 | 10/15/25 | 10,160 | 8,331,200 | |
Gtd. Notes(a) | 7.000 | 03/15/27 | 9,154 | 7,597,820 | |
Cleveland-Cliffs,
Inc., Gtd. Notes(a) |
5.750 | 03/01/25 | 31,470 | 28,952,400 | |
United
States Steel Corp., Sr. Unsec’d. Notes |
6.250 | 03/15/26 | 11,550 | 10,560,973 | |
55,442,393 | |||||
Leisure Time 0.1% | |||||
Silversea
Cruise Finance Ltd., Sr. Sec’d. Notes, 144A |
7.250 | 02/01/25 | 7,350 | 7,882,875 | |
Lodging 0.7% | |||||
Boyd
Gaming Corp., Gtd. Notes(a) |
6.000 | 08/15/26 | 11,400 | 11,029,500 | |
Interval
Acquisition Corp., Gtd. Notes |
5.625 | 04/15/23 | 3,500 | 3,500,000 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Lodging (cont’d.) | |||||
Jack Ohio Finance LLC/Jack Ohio Finance 1 Corp., | |||||
Sec’d. Notes, 144A | 10.250 % | 11/15/22 | 11,750 | $ 12,690,000 | |
Sr. Sec’d. Notes, 144A | 6.750 | 11/15/21 | 9,875 | 10,121,875 | |
MGM
Resorts International, Gtd. Notes(a) |
5.750 | 06/15/25 | 16,298 | 16,033,157 | |
53,374,532 | |||||
Machinery-Diversified 0.5% | |||||
ATS
Automation Tooling Systems, Inc. (Canada), Gtd. Notes, 144A |
6.500 | 06/15/23 | 8,177 | 8,360,983 | |
Cloud
Crane LLC, Sec’d. Notes, 144A |
10.125 | 08/01/24 | 24,431 | 26,026,344 | |
RBS
Global, Inc./Rexnord LLC, Gtd. Notes, 144A(a) |
4.875 | 12/15/25 | 6,300 | 5,977,125 | |
40,364,452 | |||||
Media 10.5% | |||||
Altice France SA (France), | |||||
Sr. Sec’d. Notes, 144A | 7.375 | 05/01/26 | 34,512 | 33,131,520 | |
Sr. Sec’d. Notes, 144A | 8.125 | 02/01/27 | 29,600 | 29,008,000 | |
AMC Networks, Inc., | |||||
Gtd. Notes(a) | 4.750 | 12/15/22 | 1,495 | 1,474,444 | |
Gtd. Notes(a) | 4.750 | 08/01/25 | 12,985 | 12,076,569 | |
Belo
Corp., Gtd. Notes(a) |
7.750 | 06/01/27 | 1,695 | 1,813,650 | |
Cablevision
Systems Corp., Sr. Unsec’d. Notes |
8.000 | 04/15/20 | 10,000 | 10,400,000 | |
CCO Holdings LLC/CCO Holdings Capital Corp., | |||||
Sr. Unsec’d. Notes | 5.125 | 02/15/23 | 7,086 | 7,032,855 | |
Sr. Unsec’d. Notes | 5.250 | 09/30/22 | 4,627 | 4,644,351 | |
Sr. Unsec’d. Notes | 5.750 | 01/15/24 | 305 | 306,586 | |
Sr. Unsec’d. Notes, 144A(a) | 5.000 | 02/01/28 | 29,580 | 27,546,375 | |
Sr. Unsec’d. Notes, 144A | 5.125 | 05/01/23 | 7,730 | 7,681,688 | |
Sr. Unsec’d. Notes, 144A | 5.375 | 05/01/25 | 5,775 | 5,673,938 | |
Sr. Unsec’d. Notes, 144A(a) | 5.500 | 05/01/26 | 2,685 | 2,604,450 | |
Sr. Unsec’d. Notes, 144A(a) | 5.750 | 02/15/26 | 10,073 | 10,073,101 | |
Sr. Unsec’d. Notes, 144A | 5.875 | 04/01/24 | 1,000 | 1,008,750 | |
Sr. Unsec’d. Notes, 144A(a) | 5.875 | 05/01/27 | 26,282 | 25,756,360 | |
Clear Channel Worldwide Holdings, Inc., | |||||
Gtd. Notes, Series A | 6.500 | 11/15/22 | 32,310 | 32,613,068 | |
Gtd. Notes, Series A | 7.625 | 03/15/20 | 29,038 | 28,965,405 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Media (cont’d.) | |||||
Clear Channel Worldwide Holdings, Inc., (cont’d.) | |||||
Gtd. Notes, Series B(a) | 6.500 % | 11/15/22 | 3,559 | $ 3,613,453 | |
Gtd. Notes, Series B(a) | 7.625 | 03/15/20 | 64,954 | 64,872,807 | |
CSC Holdings LLC, | |||||
Gtd. Notes, 144A(a) | 5.375 | 02/01/28 | 18,075 | 16,990,500 | |
Sr. Unsec’d. Notes, 144A(a) | 5.125 | 12/15/21 | 43,537 | 43,373,736 | |
Sr. Unsec’d. Notes, 144A | 5.125 | 12/15/21 | 18,801 | 18,730,496 | |
Sr. Unsec’d. Notes, 144A(a) | 7.500 | 04/01/28 | 42,380 | 43,650,552 | |
Sr. Unsec’d. Notes, 144A(a) | 7.750 | 07/15/25 | 31,142 | 32,620,622 | |
Sr. Unsec’d. Notes, 144A | 10.125 | 01/15/23 | 7,345 | 7,951,697 | |
DISH DBS Corp., | |||||
Gtd. Notes(a) | 5.875 | 07/15/22 | 3,075 | 2,932,781 | |
Gtd. Notes(a) | 7.750 | 07/01/26 | 125,791 | 111,325,035 | |
Gray
Escrow, Inc., Sr. Unsec’d. Notes, 144A |
7.000 | 05/15/27 | 15,350 | 15,581,785 | |
Gray Television, Inc., | |||||
Gtd. Notes, 144A | 5.125 | 10/15/24 | 2,408 | 2,305,660 | |
Gtd. Notes, 144A(a) | 5.875 | 07/15/26 | 18,683 | 18,169,217 | |
Liberty
Interactive LLC, Sr. Unsec’d. Notes |
8.250 | 02/01/30 | 1,901 | 1,967,535 | |
Mediacom
Broadband LLC/Mediacom Broadband Corp., Sr. Unsec’d. Notes |
5.500 | 04/15/21 | 5,510 | 5,482,450 | |
Midcontinent
Communications/Midcontinent Finance Corp., Gtd. Notes, 144A |
6.875 | 08/15/23 | 11,345 | 11,742,075 | |
Nexstar
Broadcasting, Inc., Gtd. Notes, 144A(a) |
5.625 | 08/01/24 | 15,250 | 14,716,250 | |
Quebecor
Media, Inc. (Canada), Sr. Unsec’d. Notes(a) |
5.750 | 01/15/23 | 13,841 | 14,131,661 | |
Radiate Holdco LLC/Radiate Finance, Inc., | |||||
Sr. Unsec’d. Notes, 144A(a) | 6.625 | 02/15/25 | 3,086 | 2,777,400 | |
Sr. Unsec’d. Notes, 144A(a) | 6.875 | 02/15/23 | 27,958 | 26,140,730 | |
Sinclair Television Group, Inc., | |||||
Gtd. Notes | 5.375 | 04/01/21 | 3,305 | 3,305,000 | |
Gtd. Notes, 144A(a) | 5.125 | 02/15/27 | 6,550 | 5,829,500 | |
Gtd. Notes, 144A(a) | 5.625 | 08/01/24 | 4,785 | 4,557,713 | |
Gtd. Notes, 144A(a) | 5.875 | 03/15/26 | 2,275 | 2,164,094 | |
TEGNA, Inc., | |||||
Gtd. Notes(a) | 6.375 | 10/15/23 | 1,928 | 1,983,430 | |
Gtd. Notes, 144A(a) | 5.500 | 09/15/24 | 2,250 | 2,255,625 | |
Tribune
Media Co., Gtd. Notes |
5.875 | 07/15/22 | 14,485 | 14,666,062 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Media (cont’d.) | |||||
Univision Communications, Inc., | |||||
Sr. Sec’d. Notes, 144A(a) | 5.125 % | 05/15/23 | 20,240 | $ 18,949,700 | |
Sr. Sec’d. Notes, 144A(a) | 5.125 | 02/15/25 | 16,622 | 15,161,259 | |
Sr. Sec’d. Notes, 144A | 6.750 | 09/15/22 | 4,332 | 4,375,320 | |
UPCB
Finance IV Ltd. (Netherlands), Sr. Sec’d. Notes, 144A |
5.375 | 01/15/25 | 7,025 | 6,739,645 | |
Virgin
Media Finance PLC (United Kingdom), Gtd. Notes, 144A |
5.750 | 01/15/25 | 2,500 | 2,375,000 | |
Ziggo
Bond Co. BV (Netherlands), Sr. Unsec’d. Notes, 144A(a) |
6.000 | 01/15/27 | 10,711 | 9,613,122 | |
792,863,022 | |||||
Metal Fabricate/Hardware 0.6% | |||||
Novelis Corp., | |||||
Gtd. Notes, 144A(a) | 5.875 | 09/30/26 | 16,533 | 15,417,023 | |
Gtd. Notes, 144A(a) | 6.250 | 08/15/24 | 6,306 | 6,242,940 | |
TriMas
Corp., Gtd. Notes, 144A |
4.875 | 10/15/25 | 4,730 | 4,434,375 | |
Zekelman
Industries, Inc., Sr. Sec’d. Notes, 144A |
9.875 | 06/15/23 | 16,805 | 17,855,312 | |
43,949,650 | |||||
Mining 2.2% | |||||
Constellium NV, | |||||
Gtd. Notes, 144A(a) | 5.875 | 02/15/26 | 18,827 | 17,085,502 | |
Gtd. Notes, 144A(a) | 6.625 | 03/01/25 | 15,860 | 15,185,950 | |
First Quantum Minerals Ltd. (Zambia), | |||||
Gtd. Notes, 144A | 6.500 | 03/01/24 | 21,085 | 18,528,444 | |
Gtd. Notes, 144A | 6.875 | 03/01/26 | 7,150 | 6,131,125 | |
Gtd. Notes, 144A | 7.250 | 04/01/23 | 2,230 | 2,062,750 | |
Gtd. Notes, 144A | 7.500 | 04/01/25 | 18,150 | 16,335,000 | |
Freeport-McMoRan, Inc., | |||||
Gtd. Notes | 3.550 | 03/01/22 | 3,365 | 3,200,956 | |
Gtd. Notes(a) | 3.875 | 03/15/23 | 23,485 | 21,870,406 | |
Gtd. Notes(a) | 4.550 | 11/14/24 | 19,421 | 18,037,254 | |
IAMGOLD
Corp. (Canada), Gtd. Notes, 144A |
7.000 | 04/15/25 | 23,151 | 21,877,695 | |
International
Wire Group, Inc., Sec’d. Notes, 144A |
10.750 | 08/01/21 | 8,295 | 7,506,975 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Mining (cont’d.) | |||||
Kinross
Gold Corp. (Canada), Gtd. Notes(a) |
5.950 % | 03/15/24 | 5,413 | $ 5,426,533 | |
New
Gold, Inc. (Canada), Gtd. Notes, 144A |
6.250 | 11/15/22 | 14,960 | 12,809,500 | |
166,058,090 | |||||
Miscellaneous Manufacturing 0.1% | |||||
FXI
Holdings, Inc., Sr. Sec’d. Notes, 144A(a) |
7.875 | 11/01/24 | 12,225 | 11,033,063 | |
Office/Business Equipment 0.2% | |||||
CDW LLC/CDW Finance Corp., | |||||
Gtd. Notes | 5.000 | 09/01/25 | 2,593 | 2,528,175 | |
Gtd. Notes | 5.500 | 12/01/24 | 9,185 | 9,185,000 | |
11,713,175 | |||||
Oil & Gas 8.6% | |||||
Alta
Mesa Holdings LP/Alta Mesa Finance Services Corp., Gtd. Notes(a) |
7.875 | 12/15/24 | 32,609 | 23,233,912 | |
Antero Resources Corp., | |||||
Gtd. Notes(a) | 5.000 | 03/01/25 | 17,290 | 16,425,500 | |
Gtd. Notes | 5.375 | 11/01/21 | 7,175 | 7,148,094 | |
Gtd. Notes(a) | 5.625 | 06/01/23 | 6,925 | 6,873,063 | |
Ascent
Resources Utica Holdings LLC/ARU Finance Corp., |
|||||
Sr. Unsec’d. Notes, 144A(a) | 7.000 | 11/01/26 | 23,850 | 22,359,375 | |
Sr. Unsec’d. Notes, 144A(a) | 10.000 | 04/01/22 | 31,424 | 33,230,880 | |
Centennial
Resource Production LLC, Gtd. Notes, 144A |
5.375 | 01/15/26 | 13,786 | 12,924,375 | |
Chesapeake
Energy Corp., Gtd. Notes(a) |
8.000 | 06/15/27 | 64,776 | 61,537,200 | |
Citgo
Holding, Inc., Sr. Sec’d. Notes, 144A(a) |
10.750 | 02/15/20 | 60,407 | 62,370,227 | |
CNX
Resources Corp., Gtd. Notes(a) |
5.875 | 04/15/22 | 36,100 | 35,332,875 | |
CrownRock
LP/CrownRock Finance, Inc., Sr. Unsec’d. Notes, 144A |
5.625 | 10/15/25 | 13,875 | 12,973,125 | |
Denbury
Resources, Inc., Sec’d. Notes, 144A |
9.000 | 05/15/21 | 4,125 | 4,135,313 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Oil & Gas (cont’d.) | |||||
Diamond
Offshore Drilling, Inc., Sr. Unsec’d. Notes(a) |
7.875 % | 08/15/25 | 5,225 | $ 4,663,313 | |
Diamondback
Energy, Inc., Gtd. Notes |
5.375 | 05/31/25 | 4,175 | 4,128,031 | |
Endeavor
Energy Resources LP/EER Finance, Inc., Sr. Unsec’d. Notes, 144A |
5.750 | 01/30/28 | 12,015 | 12,345,412 | |
Ensco
PLC, Sr. Unsec’d. Notes |
7.750 | 02/01/26 | 14,000 | 11,550,000 | |
Extraction Oil & Gas, Inc., | |||||
Gtd. Notes, 144A | 5.625 | 02/01/26 | 24,975 | 19,480,500 | |
Gtd. Notes, 144A | 7.375 | 05/15/24 | 11,685 | 10,282,800 | |
Halcon
Resources Corp., Gtd. Notes(a) |
6.750 | 02/15/25 | 14,433 | 11,077,327 | |
Hilcorp Energy I LP/Hilcorp Finance Co., | |||||
Sr. Unsec’d. Notes, 144A | 5.000 | 12/01/24 | 1,275 | 1,157,063 | |
Sr. Unsec’d. Notes, 144A(a) | 5.750 | 10/01/25 | 15,220 | 14,078,500 | |
Sr. Unsec’d. Notes, 144A | 6.250 | 11/01/28 | 13,625 | 12,824,531 | |
MEG Energy Corp. (Canada), | |||||
Gtd. Notes, 144A(a) | 6.375 | 01/30/23 | 42,850 | 39,957,625 | |
Gtd. Notes, 144A(a) | 7.000 | 03/31/24 | 14,326 | 13,412,717 | |
Nabors
Industries, Inc., Gtd. Notes(a) |
5.750 | 02/01/25 | 13,775 | 11,174,932 | |
Newfield Exploration Co., | |||||
Sr. Unsec’d. Notes(a) | 5.375 | 01/01/26 | 9,625 | 9,588,906 | |
Sr. Unsec’d. Notes | 5.750 | 01/30/22 | 1,906 | 1,946,503 | |
Petrobras Global Finance BV (Brazil), | |||||
Gtd. Notes | 5.299 | 01/27/25 | 2,720 | 2,566,048 | |
Gtd. Notes | 6.125 | 01/17/22 | 430 | 441,060 | |
Gtd. Notes | 7.375 | 01/17/27 | 5,705 | 5,899,541 | |
Gtd. Notes(a) | 8.750 | 05/23/26 | 4,750 | 5,334,250 | |
Precision Drilling Corp. (Canada), | |||||
Gtd. Notes | 7.750 | 12/15/23 | 5,650 | 5,593,500 | |
Gtd. Notes, 144A(a) | 7.125 | 01/15/26 | 12,758 | 11,960,625 | |
QEP Resources, Inc., | |||||
Sr. Unsec’d. Notes | 5.250 | 05/01/23 | 445 | 424,975 | |
Sr. Unsec’d. Notes | 5.375 | 10/01/22 | 2,300 | 2,288,500 | |
Sr. Unsec’d. Notes(a) | 5.625 | 03/01/26 | 2,675 | 2,450,969 | |
Range Resources Corp., | |||||
Gtd. Notes(a) | 4.875 | 05/15/25 | 16,700 | 15,113,500 | |
Gtd. Notes(a) | 5.000 | 03/15/23 | 1,450 | 1,367,531 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Oil & Gas (cont’d.) | |||||
Range Resources Corp., (cont’d.) | |||||
Gtd. Notes | 5.875 % | 07/01/22 | 21,518 | $21,249,025 | |
Seven
Generations Energy Ltd. (Canada), Gtd. Notes, 144A(a) |
5.375 | 09/30/25 | 8,250 | 7,672,500 | |
Seventy
Seven Energy, Inc., Sr. Unsec’d. Notes^(d) |
6.500 | 07/15/22 | 1,800 | 18 | |
Sunoco LP/Sunoco Finance Corp., | |||||
Gtd. Notes, 144A | 4.875 | 01/15/23 | 11,000 | 10,725,000 | |
Gtd. Notes, 144A | 5.500 | 02/15/26 | 11,550 | 11,001,375 | |
Gtd. Notes, 144A | 5.875 | 03/15/28 | 1,525 | 1,443,031 | |
Transocean
Pontus Ltd., Sr. Sec’d. Notes, 144A |
6.125 | 08/01/25 | 5,925 | 5,776,875 | |
Transocean, Inc., | |||||
Gtd. Notes, 144A | 7.250 | 11/01/25 | 26,040 | 24,087,000 | |
Gtd. Notes, 144A(a) | 7.500 | 01/15/26 | 6,425 | 5,975,250 | |
WPX Energy, Inc., | |||||
Sr. Unsec’d. Notes | 5.250 | 09/15/24 | 5,000 | 4,750,000 | |
Sr. Unsec’d. Notes | 5.750 | 06/01/26 | 5,625 | 5,400,000 | |
Sr. Unsec’d. Notes | 6.000 | 01/15/22 | 10,858 | 10,885,145 | |
Sr. Unsec’d. Notes | 8.250 | 08/01/23 | 11,490 | 12,552,825 | |
651,170,642 | |||||
Oil & Gas Services 0.1% | |||||
Nine
Energy Service, Inc., Sr. Unsec’d. Notes, 144A |
8.750 | 11/01/23 | 6,325 | 6,245,938 | |
Packaging & Containers 1.2% | |||||
ARD
Finance SA (Luxembourg), Sr. Sec’d. Notes, Cash coupon 7.125% or PIK 7.875%(a) |
7.125 | 09/15/23 | 34,736 | 31,957,120 | |
ARD
Securities Finance SARL (Luxembourg), Sr. Sec’d. Notes, 144A, Cash coupon 8.750% or PIK 8.750%(a) |
8.750 | 01/31/23 | 12,430 | 10,534,656 | |
Ardagh
Packaging Finance PLC/Ardagh Holdings USA, Inc. (Ireland), |
|||||
Gtd. Notes, 144A | 6.000 | 02/15/25 | 2,773 | 2,582,356 | |
Gtd. Notes, 144A | 6.750 | 05/15/24 | EUR | 1,000 | 1,196,126 |
Gtd. Notes, 144A | 7.250 | 05/15/24 | 21,925 | 22,144,250 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Packaging & Containers (cont’d.) | |||||
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc. (Ireland), (cont’d.) | |||||
Sr. Sec’d. Notes, 144A(a) | 4.625 % | 05/15/23 | 5,675 | $5,518,938 | |
Owens-Brockway
Glass Container, Inc., Gtd. Notes, 144A(a) |
6.375 | 08/15/25 | 5,108 | 5,108,000 | |
Reynolds
Group Issuer, Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer Lu, Gtd. Notes, 144A |
7.000 | 07/15/24 | 15,810 | 15,770,475 | |
94,811,921 | |||||
Pharmaceuticals 0.8% | |||||
Bausch
Health Cos., Inc., Gtd. Notes, 144A(a) |
5.500 | 03/01/23 | 1,215 | 1,173,994 | |
Endo Dac/Endo Finance LLC/Endo Finco, Inc., | |||||
Gtd. Notes, 144A | 6.000 | 07/15/23 | 9,005 | 7,475,411 | |
Gtd. Notes, 144A | 6.000 | 02/01/25 | 21,080 | 16,620,315 | |
Endo
Finance LLC/Endo Finco, Inc., Gtd. Notes, 144A |
5.375 | 01/15/23 | 10,825 | 8,903,562 | |
NVA
Holdings, Inc., Gtd. Notes, 144A(a) |
6.875 | 04/01/26 | 25,700 | 24,511,375 | |
58,684,657 | |||||
Pipelines 2.2% | |||||
Antero
Midstream Partners LP/Antero Midstream Finance Corp., Gtd. Notes |
5.375 | 09/15/24 | 4,075 | 3,973,940 | |
CNX
Midstream Partners LP/CNX Midstream Finance Corp., Sr. Unsec’d. Notes, 144A |
6.500 | 03/15/26 | 8,850 | 8,553,082 | |
DCP Midstream Operating LP, | |||||
Gtd. Notes | 5.600 | 04/01/44 | 6,831 | 6,062,513 | |
Gtd. Notes, 144A | 6.450 | 11/03/36 | 12,900 | 12,900,000 | |
Energy
Transfer LP, Sr. Sec’d. Notes |
7.500 | 10/15/20 | 10,800 | 11,394,000 | |
Genesis Energy LP/Genesis Energy Finance Corp., | |||||
Gtd. Notes(a) | 6.000 | 05/15/23 | 3,715 | 3,496,744 | |
Gtd. Notes | 6.750 | 08/01/22 | 3,074 | 3,050,945 | |
NGPL PipeCo LLC, | |||||
Sr. Unsec’d. Notes, 144A(a) | 4.875 | 08/15/27 | 8,325 | 7,950,375 | |
Sr. Unsec’d. Notes, 144A(a) | 7.768 | 12/15/37 | 11,425 | 13,138,750 | |
Rockies Express Pipeline LLC, | |||||
Sr. Unsec’d. Notes, 144A | 6.875 | 04/15/40 | 35,693 | 38,013,045 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Pipelines (cont’d.) | |||||
Rockies Express Pipeline LLC, (cont’d.) | |||||
Sr. Unsec’d. Notes, 144A | 7.500 % | 07/15/38 | 7,665 | $ 8,738,100 | |
Tallgrass
Energy Partners LP/Tallgrass Energy Finance Corp., |
|||||
Gtd. Notes, 144A | 5.500 | 09/15/24 | 8,650 | 8,671,625 | |
Gtd. Notes, 144A | 5.500 | 01/15/28 | 28,221 | 27,727,132 | |
Targa
Resources Partners LP/Targa Resources Partners Finance Corp., |
|||||
Gtd. Notes | 4.250 | 11/15/23 | 8,439 | 8,006,501 | |
Gtd. Notes | 5.125 | 02/01/25 | 2,350 | 2,267,750 | |
Gtd. Notes(a) | 6.750 | 03/15/24 | 4,900 | 5,047,000 | |
168,991,502 | |||||
Real Estate 0.9% | |||||
Five
Point Operating Co. LP/Five Point Capital Corp., Gtd. Notes, 144A |
7.875 | 11/15/25 | 16,575 | 16,305,656 | |
Greystar
Real Estate Partners LLC, Sr. Sec’d. Notes, 144A |
5.750 | 12/01/25 | 20,315 | 19,299,250 | |
Hunt
Cos., Inc., Sr. Sec’d. Notes, 144A |
6.250 | 02/15/26 | 23,472 | 21,183,480 | |
Realogy
Group LLC/Realogy Co-Issuer Corp., Gtd. Notes, 144A(a) |
4.875 | 06/01/23 | 7,325 | 6,583,344 | |
WeWork
Cos., Inc., Gtd. Notes, 144A(a) |
7.875 | 05/01/25 | 3,550 | 3,319,250 | |
66,690,980 | |||||
Real Estate Investment Trusts (REITs) 1.0% | |||||
GLP
Capital LP/GLP Financing II, Inc., Gtd. Notes |
5.375 | 04/15/26 | 14,202 | 14,085,544 | |
MGM
Growth Properties Operating Partnership LP/MGP Finance Co-Issuer, Inc., |
|||||
Gtd. Notes | 4.500 | 09/01/26 | 9,100 | 8,389,472 | |
Gtd. Notes | 4.500 | 01/15/28 | 20,429 | 18,028,592 | |
MPT Operating Partnership LP/MPT Finance Corp., | |||||
Gtd. Notes | 5.000 | 10/15/27 | 11,850 | 11,257,500 | |
Gtd. Notes | 5.250 | 08/01/26 | 5,450 | 5,300,125 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Real Estate Investment Trusts (REITs) (cont’d.) | |||||
MPT Operating Partnership LP/MPT Finance Corp., (cont’d.) | |||||
Gtd. Notes | 6.375 % | 03/01/24 | 4,250 | $4,398,750 | |
Sabra
Health Care LP, Gtd. Notes |
5.125 | 08/15/26 | 5,886 | 5,584,421 | |
Senior
Housing Properties Trust, Sr. Unsec’d. Notes |
6.750 | 12/15/21 | 5,475 | 5,794,415 | |
72,838,819 | |||||
Retail 4.4% | |||||
Beacon Roofing Supply, Inc., | |||||
Gtd. Notes | 6.375 | 10/01/23 | 7,350 | 7,313,250 | |
Gtd. Notes, 144A(a) | 4.875 | 11/01/25 | 19,225 | 17,446,687 | |
Brinker
International, Inc., Gtd. Notes, 144A(a) |
5.000 | 10/01/24 | 6,104 | 5,783,540 | |
Caleres,
Inc., Gtd. Notes |
6.250 | 08/15/23 | 6,429 | 6,509,362 | |
CEC
Entertainment, Inc., Gtd. Notes(a) |
8.000 | 02/15/22 | 28,560 | 25,704,000 | |
Ferrellgas LP/Ferrellgas Finance Corp., | |||||
Gtd. Notes(a) | 6.750 | 06/15/23 | 3,775 | 3,171,000 | |
Sr. Unsec’d. Notes(a) | 6.500 | 05/01/21 | 3,775 | 3,218,188 | |
Sr. Unsec’d. Notes(a) | 6.750 | 01/15/22 | 6,064 | 5,124,080 | |
Ferrellgas
Partners LP/Ferrellgas Partners Finance Corp., |
|||||
Sr. Unsec’d. Notes(a) | 8.625 | 06/15/20 | 16,236 | 12,177,000 | |
Sr. Unsec’d. Notes(a) | 8.625 | 06/15/20 | 21,650 | 16,237,500 | |
Golden Nugget, Inc., | |||||
Gtd. Notes, 144A(a) | 8.750 | 10/01/25 | 29,050 | 29,050,000 | |
Sr. Unsec’d. Notes, 144A(a) | 6.750 | 10/15/24 | 18,604 | 18,278,430 | |
Hot
Topic, Inc., Sr. Sec’d. Notes, 144A |
9.250 | 06/15/21 | 9,280 | 9,233,600 | |
L Brands, Inc., | |||||
Gtd. Notes(a) | 5.250 | 02/01/28 | 11,100 | 9,792,309 | |
Gtd. Notes(a) | 5.625 | 10/15/23 | 3,250 | 3,278,438 | |
Gtd. Notes | 6.750 | 07/01/36 | 26,650 | 22,186,125 | |
Gtd. Notes(a) | 6.875 | 11/01/35 | 17,630 | 14,930,406 | |
PetSmart, Inc., | |||||
Gtd. Notes, 144A(a) | 7.125 | 03/15/23 | 19,767 | 13,243,890 | |
Sr. Sec’d. Notes, 144A | 5.875 | 06/01/25 | 36,800 | 28,060,000 | |
PF
Chang’s China Bistro, Inc., Gtd. Notes, 144A(a) |
10.250 | 06/30/20 | 12,015 | 11,354,175 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Retail (cont’d.) | |||||
Rite
Aid Corp., Gtd. Notes, 144A |
6.125 % | 04/01/23 | 41,505 | $ 35,694,300 | |
Sally
Holdings LLC/Sally Capital, Inc., Gtd. Notes(a) |
5.625 | 12/01/25 | 21,982 | 21,102,720 | |
Suburban
Propane Partners LP/Suburban Energy Finance Corp., Sr. Unsec’d. Notes |
5.500 | 06/01/24 | 18,672 | 17,691,720 | |
336,580,720 | |||||
Semiconductors 0.5% | |||||
Micron
Technology, Inc., Sr. Unsec’d. Notes |
5.500 | 02/01/25 | 25,767 | 25,863,626 | |
NXP
BV/NXP Funding LLC (Netherlands), Gtd. Notes, 144A |
4.625 | 06/15/22 | 6,125 | 6,069,569 | |
Sensata
Technologies UK Financing Co. PLC, Gtd. Notes, 144A |
6.250 | 02/15/26 | 5,054 | 5,145,680 | |
37,078,875 | |||||
Software 3.9% | |||||
Change
Healthcare Holdings LLC/Change Healthcare Finance, Inc., Sr. Unsec’d. Notes, 144A |
5.750 | 03/01/25 | 6,960 | 6,725,100 | |
First Data Corp., | |||||
Gtd. Notes, 144A | 7.000 | 12/01/23 | 133,869 | 138,554,415 | |
Sec’d. Notes, 144A(a) | 5.750 | 01/15/24 | 4,920 | 4,938,450 | |
Infor
Software Parent LLC/Infor Software Parent, Inc., Sr. Unsec’d. Notes, Cash coupon 7.125% or PIK 7.875%, 144A(a) |
7.125 | 05/01/21 | 46,604 | 46,487,490 | |
Infor
US, Inc., Gtd. Notes |
6.500 | 05/15/22 | 52,093 | 51,832,535 | |
Informatica
LLC, Sr. Unsec’d. Notes, 144A |
7.125 | 07/15/23 | 4,865 | 4,877,163 | |
Rackspace
Hosting, Inc., Gtd. Notes, 144A(a) |
8.625 | 11/15/24 | 5,625 | 4,753,125 | |
RP
Crown Parent LLC, Sr. Sec’d. Notes, 144A |
7.375 | 10/15/24 | 33,286 | 33,743,682 | |
291,911,960 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Telecommunications 7.3% | |||||
Anixter, Inc., | |||||
Gtd. Notes | 5.500 % | 03/01/23 | 1,975 | $ 1,979,938 | |
Gtd. Notes, 144A | 6.000 | 12/01/25 | 11,770 | 11,770,000 | |
C&W
Senior Financing DAC (Ireland), Sr. Unsec’d. Notes, 144A |
6.875 | 09/15/27 | 13,350 | 12,382,125 | |
CenturyLink, Inc., | |||||
Sr. Unsec’d. Notes, Series S | 6.450 | 06/15/21 | 25,015 | 25,577,837 | |
Sr. Unsec’d. Notes, Series V | 5.625 | 04/01/20 | 4,850 | 4,886,375 | |
CommScope Technologies LLC, | |||||
Gtd. Notes, 144A | 5.000 | 03/15/27 | 10,475 | 8,628,781 | |
Gtd. Notes, 144A(a) | 6.000 | 06/15/25 | 17,884 | 16,565,949 | |
Digicel Group Ltd. (Jamaica), | |||||
Sr. Unsec’d. Notes, 144A | 7.125 | 04/01/22 | 780 | 441,683 | |
Sr. Unsec’d. Notes, 144A | 8.250 | 09/30/20 | 13,675 | 9,093,875 | |
Digicel Ltd. (Jamaica), | |||||
Gtd. Notes, 144A(a) | 6.750 | 03/01/23 | 30,975 | 24,934,875 | |
Sr. Unsec’d. Notes, 144A(a) | 6.000 | 04/15/21 | 6,710 | 5,971,900 | |
GTT
Communications, Inc., Gtd. Notes, 144A(a) |
7.875 | 12/31/24 | 37,512 | 34,417,260 | |
Intelsat
Jackson Holdings SA (Luxembourg), Gtd. Notes, 144A |
9.750 | 07/15/25 | 27,320 | 28,207,900 | |
Level 3 Financing, Inc., | |||||
Gtd. Notes | 5.125 | 05/01/23 | 5,500 | 5,438,125 | |
Gtd. Notes | 5.250 | 03/15/26 | 847 | 817,779 | |
Gtd. Notes | 5.375 | 08/15/22 | 5,000 | 4,987,500 | |
Gtd. Notes | 5.375 | 05/01/25 | 1,010 | 983,488 | |
Gtd. Notes(a) | 5.625 | 02/01/23 | 4,510 | 4,507,745 | |
ORBCOMM,
Inc., Sr. Sec’d. Notes, 144A |
8.000 | 04/01/24 | 26,685 | 27,785,756 | |
Sprint Capital Corp., | |||||
Gtd. Notes(a) | 6.875 | 11/15/28 | 37,295 | 36,036,294 | |
Gtd. Notes(a) | 8.750 | 03/15/32 | 57,434 | 62,387,682 | |
Sprint Corp., | |||||
Gtd. Notes | 7.125 | 06/15/24 | 10,480 | 10,637,200 | |
Gtd. Notes | 7.625 | 02/15/25 | 43,763 | 45,021,186 | |
Gtd. Notes | 7.875 | 09/15/23 | 5,267 | 5,541,937 | |
T-Mobile USA, Inc., | |||||
Gtd. Notes | 6.000 | 03/01/23 | 5,000 | 5,110,050 | |
Gtd. Notes | 6.375 | 03/01/25 | 1,038 | 1,067,843 | |
Gtd. Notes(a) | 6.500 | 01/15/26 | 8,720 | 9,047,000 | |
ViaSat,
Inc., Sr. Unsec’d. Notes, 144A |
5.625 | 09/15/25 | 13,922 | 13,121,485 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Telecommunications (cont’d.) | |||||
Wind
Tre SpA (Italy), Sr. Sec’d. Notes, 144A(a) |
5.000 % | 01/20/26 | 111,124 | $ 91,927,329 | |
Xplornet
Communications, Inc. (Canada), Gtd. Notes, 144A, Cash coupon 9.625% or PIK 10.625% |
9.625 | 06/01/22 | 40,919 | 41,087,652 | |
550,364,549 | |||||
Textiles 0.1% | |||||
Eagle
Intermediate Global Holding BV/Ruyi US Finance LLC (China), Sr. Sec’d. Notes, 144A |
7.500 | 05/01/25 | 8,575 | 8,103,375 | |
Transportation 0.3% | |||||
Navios
Maritime Holdings, Inc./Navios Maritime Finance II US, Inc. (Greece), Sr. Sec’d. Notes, 144A |
7.375 | 01/15/22 | 6,100 | 4,056,500 | |
XPO Logistics, Inc., | |||||
Gtd. Notes, 144A | 6.125 | 09/01/23 | 3,350 | 3,370,938 | |
Gtd. Notes, 144A(a) | 6.500 | 06/15/22 | 13,609 | 13,847,157 | |
21,274,595 | |||||
Trucking & Leasing 0.8% | |||||
Avolon
Holdings Funding Ltd. (Ireland), Gtd. Notes, 144A |
5.500 | 01/15/23 | 25,150 | 25,212,875 | |
Park Aerospace Holdings Ltd. (Ireland), | |||||
Gtd. Notes, 144A(a) | 4.500 | 03/15/23 | 11,351 | 11,038,847 | |
Gtd. Notes, 144A | 5.250 | 08/15/22 | 5,290 | 5,290,000 | |
Gtd. Notes, 144A | 5.500 | 02/15/24 | 20,260 | 20,384,194 | |
61,925,916 | |||||
Total
Corporate Bonds (cost $6,949,253,098) |
6,672,120,768 |
Shares | |||||
Common Stocks 0.1% | |||||
Independent Power & Renewable Electricity Producers 0.1% | |||||
Vistra Energy Corp.* | 342,429 | 8,040,233 |
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Media 0.0% | |||||
Mood Media Corp.*^ | 669,375 | $ 133,875 | |||
Mood Media Corp.*^ | 546,428 | 109,285 | |||
243,160 | |||||
Oil, Gas & Consumable Fuels 0.0% | |||||
Ascent Resources - Marcellus LLC (Class A Stock)*^ | 35,140 | 107,177 | |||
Frontera Energy Corp. (Colombia)* | 55,828 | 545,250 | |||
652,427 | |||||
Total
Common Stocks (cost $11,114,819) |
8,935,820 | ||||
Preferred Stocks 0.0% | |||||
Capital Markets 0.0% | |||||
Goldman Sachs Group, Inc. (The) Series K, (fixed to floating preferred), 6.375% | 87,000 | 2,201,100 | |||
Construction Materials 0.0% | |||||
New Millennium Homes LLC*^ | 2,000 | 54,000 | |||
Media 0.0% | |||||
Adelphia Communications Corp. (Class A Stock)*^ | 20,000 | 20 | |||
Total
Preferred Stocks (cost $2,193,416) |
2,255,120 |
Units | |||||
Warrants* 0.0% | |||||
Chemicals 0.0% | |||||
Hercules, Inc., expiring 03/31/29 | 230 | — |
Description | Units | Value | |||
Warrants (Continued) | |||||
Oil, Gas & Consumable Fuels 0.0% | |||||
Ascent Resources - Marcellus LLC, expiring 03/30/23^ | 229,837 | $ 27,580 | |||
Ascent Resources - Marcellus LLC, expiring 03/30/23^ | 178,762 | 14,301 | |||
41,881 | |||||
Total
Warrants (cost $52,352) |
41,881 | ||||
Total
Long-Term Investments (cost $7,623,547,756) |
7,342,345,092 |
Shares | |||||
Short-Term Investments 23.4% | |||||
Affiliated Mutual Funds | |||||
PGIM Core Ultra Short Bond Fund(w) | 186,156,859 | 186,156,859 | |||
PGIM
Institutional Money Market Fund (cost $1,588,935,233; includes $1,585,512,516 of cash collateral for securities on loan)(b)(w) |
1,588,965,666 | 1,588,806,769 | |||
Total
Short-Term Investments (cost $1,775,092,092) |
1,774,963,628 | ||||
TOTAL
INVESTMENTS 120.4% (cost $9,398,639,848) |
9,117,308,720 | ||||
Liabilities in excess of other assets(z) (20.4)% | (1,543,696,736) | ||||
Net Assets 100.0% | $ 7,573,611,984 |
See the Glossary for abbreviations used in the quarterly schedule of portfolio holdings. |
* | Non-income producing security. |
# | Principal amount is shown in U.S. dollars unless otherwise stated. |
^ | Indicates a Level 3 security. The aggregate value of Level 3 securities is $448,931 and 0.0% of net assets. |
(a) | All or a portion of security is on loan. The aggregate market value of such securities, including those sold and pending settlement, is $1,551,224,139; cash collateral of $1,585,512,516 (included in liabilities) was received with which the Fund purchased highly liquid short-term investments. |
(b) | Represents security purchased with cash collateral received for securities on loan and includes dividend reinvestment. |
(c) | Variable rate instrument. The interest rate shown reflects the rate in effect at November 30, 2018. |
(d) | Represents issuer in default on interest payments and/or principal repayment. Non-income producing security. Such securities may be post-maturity. |
(w) | PGIM Investments LLC, the manager of the Fund, also serves as manager of the PGIM Core Ultra Short Bond Fund and PGIM Institutional Money Market Fund. |
(z) | Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments: |
Futures contracts outstanding at November 30, 2018: | ||||||||
Number
of Contracts |
Type | Expiration
Date |
Current
Notional Amount |
Value
/ Unrealized Appreciation (Depreciation) | ||||
Long Positions: | ||||||||
1,378 | 2 Year U.S. Treasury Notes | Mar. 2019 | $290,736,469 | $ 165,598 | ||||
1,188 | 5 Year U.S. Treasury Notes | Mar. 2019 | 134,197,594 | 248,824 | ||||
2,307 | 10 Year U.S. Treasury Notes | Mar. 2019 | 275,578,359 | 716,522 | ||||
176 | 30 Year U.S. Ultra Treasury Bonds | Mar. 2019 | 26,823,500 | 24,000 | ||||
1,154,944 | ||||||||
Short Positions: | ||||||||
3 | 5 Year Euro - Bobl | Mar. 2019 | 449,061 | (138) | ||||
1 | 10 Year Euro-Bund | Dec. 2018 | 182,880 | (979) | ||||
40 | 20 Year U.S. Treasury Bonds | Mar. 2019 | 5,596,250 | (21,310) | ||||
(22,427) | ||||||||
$1,132,517 |
Purchase
Contracts |
Counterparty | Notional
Amount (000) |
Value
at Settlement Date |
Current
Value |
Unrealized
Appreciation |
Unrealized
Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
Euro, | |||||||||||||
Expiring 12/04/18 | JPMorgan Chase Bank, N.A. | EUR | 898 | $1,017,088 | $1,017,373 | $285 | $— |
Sale
Contracts |
Counterparty | Notional
Amount (000) |
Value
at Settlement Date |
Current
Value |
Unrealized
Appreciation |
Unrealized
Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
Euro, | |||||||||||||
Expiring 12/04/18 | JPMorgan Chase Bank, N.A. | EUR | 899 | $1,025,818 | $1,017,373 | $8,445 | $ — | ||||||
Expiring 01/10/19 | JPMorgan Chase Bank, N.A. | EUR | 898 | 1,020,950 | 1,021,204 | — | (254) | ||||||
$2,046,768 | $2,038,577 | 8,445 | (254) | ||||||||||
$8,730 | $(254) |
Broker | Cash and/or Foreign Currency | Securities Market Value | ||
Citigroup Global Markets | $4,710,000 | $— |
Level 1 | Level 2 | Level 3 | |||
Investments in Securities | |||||
Asset-Backed Securities | |||||
Collateralized Loan
Obligations |
$ — | $ 405,409,731 | $ — | ||
Bank
Loans |
— | 253,581,772 | — | ||
Corporate
Bonds |
— | 6,672,118,075 | 2,693 | ||
Common
Stocks |
8,585,483 | — | 350,337 | ||
Preferred
Stocks |
2,201,100 | — | 54,020 | ||
Warrants |
— | — | 41,881 | ||
Affiliated Mutual
Funds |
1,774,963,628 | — | — | ||
Other Financial Instruments* | |||||
Futures
Contracts |
1,132,517 | — | — | ||
OTC Forward Foreign Currency Exchange
Contracts |
— | 8,476 | — | ||
Total | $1,786,882,728 | $7,331,118,054 | $448,931 |
* | Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and centrally cleared swap contracts, which are recorded at the unrealized appreciation (depreciation) on the instrument, and OTC swap contracts which are recorded at fair value. |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Long-Term Investments 98.4% | |||||
Bank Loans 9.4% | |||||
Beverages 0.0% | |||||
Jacobs
Douwe Egberts International BV (Netherlands), Term B EUR Loan, 3 Month EURIBOR + 2.000% |
2.500 %(c) | 11/01/25 | EUR | 202 | $ 228,643 |
Chemicals 0.6% | |||||
Solenis
International LP, First Lien Initial Dollar Term Loan, 1 - 3 Month LIBOR + 4.000% |
6.525(c) | 12/26/23 | 12,967 | 12,813,511 | |
Commercial Services 1.5% | |||||
Financial
& Risk US Holdings, Inc., Initial Dollar Term Loan, 1 Month LIBOR + 3.750% |
6.090(c) | 10/01/25 | 14,400 | 14,010,005 | |
Laureate
Education, Inc., Series 2024 Term Loan, 3 Month LIBOR + 3.500% |
6.030(c) | 04/26/24 | 19,871 | 19,821,135 | |
33,831,140 | |||||
Computers 1.0% | |||||
McAfee LLC, | |||||
Second Lien Initial Loan, 1 Month LIBOR + 8.500% | 10.850(c) | 09/29/25 | 5,775 | 5,818,313 | |
Term B USD Loan, 1 Month LIBOR + 3.750% | 6.100(c) | 09/30/24 | 17,905 | 17,855,835 | |
23,674,148 | |||||
Engineering & Construction 0.1% | |||||
StandardAero
Aviation Holdings, Inc., Initial Term Loan, 1 Month LIBOR + 3.750% |
6.090(c) | 07/07/22 | 3,167 | 3,161,012 | |
Foods 0.7% | |||||
JBS
USA Lux SA, Initial Term Loan, 3 Month LIBOR + 2.500% |
4.844(c) | 10/30/22 | 12,000 | 11,850,000 | |
Shearer’s
Foods LLC, First Lien Term Loan, 1 Month LIBOR + 4.250% |
6.590(c) | 06/30/21 | 5,596 | 5,494,430 | |
17,344,430 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Bank Loans (Continued) | |||||
Insurance 0.2% | |||||
Asurion
LLC, Second Lien Replacement B-2 Term Loan, 1 Month LIBOR + 6.500% |
8.840 %(c) | 08/04/25 | 3,450 | $ 3,514,687 | |
Internet 0.3% | |||||
Symantec
Corp., Term A-5 Loan, 1 Month LIBOR + 1.750% |
4.060(c) | 08/01/21 | 6,838 | 6,786,325 | |
Media 0.4% | |||||
Quebecor
Media, Inc. (Canada), Facility B-1 Tranche, 3 Month LIBOR + 2.250% |
4.866(c) | 08/17/20 | 2,620 | 2,608,761 | |
Radiate
HoldCo LLC, Closing Date Term Loan, 1 Month LIBOR + 3.000% |
5.340(c) | 02/01/24 | 6,484 | 6,347,572 | |
8,956,333 | |||||
Mining 0.1% | |||||
Aleris
International, Inc., Initial Term Loan, 1 - 2 Month LIBOR + 4.750% |
7.170(c) | 02/27/23 | 2,743 | 2,756,841 | |
Retail 0.9% | |||||
CEC
Entertainment, Inc., First Lien Term B Loan, 1 Month LIBOR + 3.250% |
5.600(c) | 02/15/21 | 10,798 | 10,301,590 | |
Sally
Holdings LLC, Term B-2 Loan^ |
4.500 | 07/05/24 | 11,154 | 10,540,530 | |
20,842,120 | |||||
Software 1.6% | |||||
Boxer
Parent Co., Inc., Initial Dollar Term Loan, 3 Month LIBOR + 4.250% |
6.650(c) | 10/02/25 | 11,525 | 11,378,321 | |
Exela
Intermediate LLC, 2018 Repriced Term Loan, 3 Month LIBOR + 6.500% |
8.830(c) | 07/12/23 | 5,850 | 5,850,000 | |
Infor
(US), Inc., Tranche B-6 Term Loan, 3 Month LIBOR + 2.750% |
5.136(c) | 02/01/22 | 15,616 | 15,397,701 | |
Informatica
LLC, Dollar Term B-1 Loan, 1 Month LIBOR + 3.250% |
5.590(c) | 08/05/22 | 4,743 | 4,723,143 | |
37,349,165 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Bank Loans (Continued) | |||||
Telecommunications 2.0% | |||||
Digicel
International Finance Ltd. (Saint Lucia), First Lien Initial Term B Loan, 3 Month LIBOR + 3.250% |
5.960 %(c) | 05/27/24 | 9,653 | $ 9,049,235 | |
Intelsat Jackson Holdings SA (Luxembourg), | |||||
Tranche B-3 Term Loan, 1 Month LIBOR + 3.750% | 6.070(c) | 11/27/23 | 4,000 | 3,970,000 | |
Tranche B-5 Term Loan | 6.630 | 01/02/24 | 12,475 | 12,498,390 | |
West
Corp., Initial Term B Loan, 1 - 3 Month LIBOR + 4.000% |
6.435(c) | 10/10/24 | 10,329 | 10,180,543 | |
Xplornet
Communications, Inc. (Canada), New Term B Loan, 3 Month LIBOR + 4.000%^ |
6.390(c) | 09/09/21 | 11,870 | 11,840,667 | |
47,538,835 | |||||
Total
Bank Loans (cost $220,974,680) |
218,797,190 | ||||
Corporate Bonds 88.9% | |||||
Advertising 1.1% | |||||
Clear
Channel International BV, Gtd. Notes, 144A |
8.750 | 12/15/20 | 10,000 | 10,225,000 | |
Outfront
Media Capital LLC/Outfront Media Capital Corp., Gtd. Notes(a) |
5.625 | 02/15/24 | 16,245 | 16,245,000 | |
26,470,000 | |||||
Aerospace & Defense 2.7% | |||||
Bombardier, Inc. (Canada), | |||||
Sr. Unsec’d. Notes, 144A | 7.500 | 12/01/24 | 24,700 | 23,495,875 | |
Sr. Unsec’d. Notes, 144A | 8.750 | 12/01/21 | 28,550 | 29,442,187 | |
TransDigm,
Inc., Gtd. Notes(a) |
6.000 | 07/15/22 | 10,225 | 10,225,000 | |
63,163,062 | |||||
Auto Parts & Equipment 0.1% | |||||
American
Axle & Manufacturing, Inc., Gtd. Notes |
7.750 | 11/15/19 | 2,370 | 2,435,175 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Banks 0.6% | |||||
CIT
Group, Inc., Sr. Unsec’d. Notes(a) |
5.250 % | 03/07/25 | 2,100 | $ 2,110,080 | |
Popular,
Inc. (Puerto Rico), Sr. Unsec’d. Notes |
6.125 | 09/14/23 | 12,050 | 12,034,938 | |
14,145,018 | |||||
Building Materials 2.6% | |||||
Griffon
Corp., Gtd. Notes |
5.250 | 03/01/22 | 32,793 | 30,620,464 | |
Standard
Industries, Inc., Sr. Unsec’d. Notes, 144A |
5.375 | 11/15/24 | 6,995 | 6,645,250 | |
Summit
Materials LLC/Summit Materials Finance Corp., |
|||||
Gtd. Notes(a) | 6.125 | 07/15/23 | 2,000 | 1,979,940 | |
Gtd. Notes | 8.500 | 04/15/22 | 3,550 | 3,740,812 | |
U.S.
Concrete, Inc., Gtd. Notes(a) |
6.375 | 06/01/24 | 18,178 | 17,223,655 | |
60,210,121 | |||||
Chemicals 5.1% | |||||
Blue Cube Spinco LLC, | |||||
Gtd. Notes(a) | 9.750 | 10/15/23 | 1,000 | 1,118,940 | |
Gtd. Notes(a) | 10.000 | 10/15/25 | 4,274 | 4,883,045 | |
Chemours Co. (The), | |||||
Gtd. Notes(a) | 6.625 | 05/15/23 | 33,267 | 33,766,005 | |
Gtd. Notes(a) | 7.000 | 05/15/25 | 3,585 | 3,629,812 | |
Hexion,
Inc., Sr. Sec’d. Notes, 144A(a) |
10.375 | 02/01/22 | 1,795 | 1,494,338 | |
NOVA Chemicals Corp. (Canada), | |||||
Sr. Unsec’d. Notes, 144A(a) | 4.875 | 06/01/24 | 19,350 | 17,995,500 | |
Sr. Unsec’d. Notes, 144A(a) | 5.250 | 08/01/23 | 10,519 | 10,150,835 | |
Platform
Specialty Products Corp., Gtd. Notes, 144A(a) |
6.500 | 02/01/22 | 26,510 | 27,007,062 | |
PQ
Corp., Sr. Sec’d. Notes, 144A |
6.750 | 11/15/22 | 12,592 | 13,064,200 | |
Sasol
Financing International Ltd. (South Africa), Gtd. Notes |
4.500 | 11/14/22 | 2,000 | 1,935,000 | |
TPC
Group, Inc., Sr. Sec’d. Notes, 144A(a) |
8.750 | 12/15/20 | 3,175 | 3,063,875 | |
118,108,612 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Commercial Services 1.5% | |||||
Laureate
Education, Inc., Gtd. Notes, 144A |
8.250 % | 05/01/25 | 6,520 | $ 6,960,100 | |
Nielsen
Co. Luxembourg SARL (The), Gtd. Notes, 144A(a) |
5.500 | 10/01/21 | 1,655 | 1,660,693 | |
Nielsen
Finance LLC/Nielsen Finance Co., Gtd. Notes, 144A(a) |
5.000 | 04/15/22 | 26,550 | 25,963,245 | |
34,584,038 | |||||
Computers 2.5% | |||||
Dell International LLC/EMC Corp., | |||||
Gtd. Notes, 144A | 5.875 | 06/15/21 | 11,520 | 11,680,518 | |
Gtd. Notes, 144A(a) | 7.125 | 06/15/24 | 8,113 | 8,479,708 | |
EMC
Corp., Sr. Unsec’d. Notes |
2.650 | 06/01/20 | 7,435 | 7,239,304 | |
Everi
Payments, Inc., Gtd. Notes, 144A |
7.500 | 12/15/25 | 2,400 | 2,340,000 | |
NCR Corp., | |||||
Gtd. Notes(a) | 4.625 | 02/15/21 | 5,000 | 4,925,000 | |
Gtd. Notes | 5.000 | 07/15/22 | 1,320 | 1,254,000 | |
Gtd. Notes(a) | 5.875 | 12/15/21 | 7,685 | 7,569,725 | |
Gtd. Notes(a) | 6.375 | 12/15/23 | 14,392 | 14,212,100 | |
57,700,355 | |||||
Distribution/Wholesale 0.3% | |||||
Global Partners LP/GLP Finance Corp., | |||||
Gtd. Notes | 6.250 | 07/15/22 | 2,630 | 2,591,339 | |
Gtd. Notes | 7.000 | 06/15/23 | 4,865 | 4,792,025 | |
7,383,364 | |||||
Diversified Financial Services 1.9% | |||||
Alliance Data Systems Corp., | |||||
Gtd. Notes, 144A(a) | 5.375 | 08/01/22 | 15,825 | 15,745,875 | |
Gtd. Notes, 144A, MTN | 5.875 | 11/01/21 | 3,000 | 3,037,500 | |
Nationstar
Mortgage Holdings, Inc., Gtd. Notes, 144A(a) |
8.125 | 07/15/23 | 20,100 | 20,301,000 | |
Navient Corp., | |||||
Sr. Unsec’d. Notes | 6.500 | 06/15/22 | 3,400 | 3,412,750 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Diversified Financial Services (cont’d.) | |||||
Navient Corp., (cont’d.) | |||||
Sr. Unsec’d. Notes, MTN | 8.000 % | 03/25/20 | 150 | $154,875 | |
VFH
Parent LLC/Orchestra Co-Issuer, Inc., Sec’d. Notes, 144A |
6.750 | 06/15/22 | 1,125 | 1,138,837 | |
43,790,837 | |||||
Electric 3.9% | |||||
Calpine Corp., | |||||
Sr. Sec’d. Notes, 144A(a) | 5.875 | 01/15/24 | 2,375 | 2,375,000 | |
Sr. Unsec’d. Notes(a) | 5.375 | 01/15/23 | 18,325 | 17,362,937 | |
Sr. Unsec’d. Notes(a) | 5.500 | 02/01/24 | 10,187 | 9,397,507 | |
GenOn Energy, Inc., | |||||
Sr. Unsec’d. Notes(d) | 7.875 | 06/15/17 | 3,750 | 2,362,500 | |
Sr. Unsec’d. Notes(d) | 9.500 | 10/15/18 | 7,953 | 5,010,390 | |
Sr. Unsec’d. Notes(a)(d) | 9.875 | 10/15/20 | 3,463 | 2,181,690 | |
NRG
Energy, Inc., Gtd. Notes |
6.250 | 05/01/24 | 5,825 | 5,956,063 | |
Red
Oak Power LLC, Sr. Sec’d. Notes, Series B |
9.200 | 11/30/29 | 3,225 | 3,644,250 | |
Vistra Energy Corp., | |||||
Gtd. Notes(a) | 7.375 | 11/01/22 | 30,244 | 31,378,150 | |
Gtd. Notes(a) | 7.625 | 11/01/24 | 10,164 | 10,799,250 | |
90,467,737 | |||||
Engineering & Construction 0.3% | |||||
StandardAero
Aviation Holdings, Inc., Gtd. Notes, 144A |
10.000 | 07/15/23 | 6,160 | 6,591,200 | |
Entertainment 3.1% | |||||
CCM
Merger, Inc., Sr. Unsec’d. Notes, 144A |
6.000 | 03/15/22 | 14,450 | 14,630,625 | |
International
Game Technology PLC, Sr. Sec’d. Notes, 144A(a) |
6.250 | 02/15/22 | 6,775 | 6,978,250 | |
Jacobs
Entertainment, Inc., Sec’d. Notes, 144A |
7.875 | 02/01/24 | 5,161 | 5,417,502 | |
National
CineMedia LLC, Sr. Sec’d. Notes |
6.000 | 04/15/22 | 10,436 | 10,475,135 | |
Scientific Games International, Inc., | |||||
Gtd. Notes | 6.250 | 09/01/20 | 3,897 | 3,799,575 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Entertainment (cont’d.) | |||||
Scientific Games International, Inc., (cont’d.) | |||||
Gtd. Notes(a) | 6.625 % | 05/15/21 | 11,213 | $ 10,820,545 | |
Gtd. Notes(a) | 10.000 | 12/01/22 | 20,250 | 20,982,037 | |
73,103,669 | |||||
Environmental Control 0.2% | |||||
Clean
Harbors, Inc., Gtd. Notes(a) |
5.125 | 06/01/21 | 4,961 | 4,970,227 | |
Foods 0.3% | |||||
B&G
Foods, Inc., Gtd. Notes(a) |
4.625 | 06/01/21 | 5,400 | 5,305,500 | |
Iceland
Bondco PLC (United Kingdom), Sr. Sec’d. Notes, 144A, 3 Month GBP LIBOR + 4.250% |
5.063(c) | 07/15/20 | GBP | 382 | 483,067 |
5,788,567 | |||||
Forest Products & Paper 0.2% | |||||
Cascades,
Inc. (Canada), Gtd. Notes, 144A(a) |
5.500 | 07/15/22 | 1,351 | 1,337,490 | |
Mercer
International, Inc. (Canada), Sr. Unsec’d. Notes |
7.750 | 12/01/22 | 2,073 | 2,145,555 | |
3,483,045 | |||||
Gas 0.3% | |||||
AmeriGas
Partners LP/AmeriGas Finance Corp., Sr. Unsec’d. Notes(a) |
5.625 | 05/20/24 | 1,550 | 1,472,500 | |
Rockpoint
Gas Storage Canada Ltd. (Canada), Sr. Sec’d. Notes, 144A(a) |
7.000 | 03/31/23 | 6,270 | 6,081,900 | |
7,554,400 | |||||
Healthcare-Products 0.5% | |||||
Mallinckrodt
International Finance SA, Gtd. Notes(a) |
4.750 | 04/15/23 | 2,500 | 2,012,500 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Healthcare-Products (cont’d.) | |||||
Mallinckrodt
International Finance SA/Mallinckrodt CB LLC, |
|||||
Gtd. Notes, 144A(a) | 4.875 % | 04/15/20 | 1,060 | $ 1,046,220 | |
Gtd. Notes, 144A(a) | 5.750 | 08/01/22 | 10,565 | 9,629,998 | |
12,688,718 | |||||
Healthcare-Services 6.0% | |||||
Acadia Healthcare Co., Inc., | |||||
Gtd. Notes | 5.125 | 07/01/22 | 1,510 | 1,479,800 | |
Gtd. Notes | 6.500 | 03/01/24 | 4,000 | 3,920,000 | |
Centene
Corp., Sr. Unsec’d. Notes |
5.625 | 02/15/21 | 1,775 | 1,798,430 | |
CHS/Community Health Systems, Inc., | |||||
Gtd. Notes | 6.875 | 02/01/22 | 2,872 | 1,422,214 | |
Sec’d. Notes, 144A(a) | 8.125 | 06/30/24 | 13,896 | 10,699,920 | |
Sr. Sec’d. Notes(a) | 5.125 | 08/01/21 | 450 | 426,094 | |
Sr. Sec’d. Notes(a) | 6.250 | 03/31/23 | 5,250 | 4,869,375 | |
HCA
Healthcare, Inc., Sr. Unsec’d. Notes |
6.250 | 02/15/21 | 8,976 | 9,267,720 | |
HCA, Inc., | |||||
Gtd. Notes | 5.875 | 05/01/23 | 450 | 465,750 | |
Gtd. Notes(a) | 7.500 | 02/15/22 | 4,285 | 4,627,800 | |
Gtd. Notes | 7.500 | 12/15/23 | 3,000 | 3,232,500 | |
MEDNAX,
Inc., Gtd. Notes, 144A(a) |
5.250 | 12/01/23 | 4,710 | 4,651,125 | |
Molina
Healthcare, Inc., Gtd. Notes |
5.375 | 11/15/22 | 6,619 | 6,609,072 | |
Select
Medical Corp., Gtd. Notes |
6.375 | 06/01/21 | 6,950 | 7,000,040 | |
Surgery
Center Holdings, Inc., Gtd. Notes, 144A(a) |
8.875 | 04/15/21 | 10,400 | 10,556,000 | |
Tenet Healthcare Corp., | |||||
Sec’d. Notes, 144A(a) | 7.500 | 01/01/22 | 5,920 | 6,142,000 | |
Sr. Sec’d. Notes | 4.375 | 10/01/21 | 350 | 345,625 | |
Sr. Sec’d. Notes(a) | 4.625 | 07/15/24 | 9,650 | 9,203,687 | |
Sr. Sec’d. Notes(a) | 4.750 | 06/01/20 | 5,850 | 5,835,375 | |
Sr. Unsec’d. Notes | 6.750 | 02/01/20 | 6,395 | 6,538,888 | |
Sr. Unsec’d. Notes(a) | 6.750 | 06/15/23 | 11,350 | 11,208,125 | |
Sr. Unsec’d. Notes(a) | 8.125 | 04/01/22 | 28,523 | 29,663,920 | |
139,963,460 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Home Builders 6.8% | |||||
Ashton
Woods USA LLC/Ashton Woods Finance Co., Sr. Unsec’d. Notes, 144A |
6.875 % | 02/15/21 | 14,206 | $ 13,850,850 | |
Beazer
Homes USA, Inc., Gtd. Notes(a) |
8.750 | 03/15/22 | 25,193 | 25,591,049 | |
Brookfield
Residential Properties, Inc. (Canada), Gtd. Notes, 144A |
6.500 | 12/15/20 | 6,423 | 6,406,943 | |
Brookfield
Residential Properties, Inc./Brookfield Residential US Corp. (Canada), Gtd. Notes, 144A(a) |
6.125 | 07/01/22 | 4,846 | 4,682,448 | |
KB Home, | |||||
Gtd. Notes | 7.000 | 12/15/21 | 2,770 | 2,860,025 | |
Gtd. Notes | 7.500 | 09/15/22 | 5,345 | 5,558,800 | |
Gtd. Notes | 7.625 | 05/15/23 | 796 | 827,840 | |
Gtd. Notes | 8.000 | 03/15/20 | 500 | 521,875 | |
Lennar Corp., | |||||
Gtd. Notes(a) | 4.125 | 01/15/22 | 8,200 | 7,984,750 | |
Gtd. Notes(a) | 4.875 | 12/15/23 | 3,350 | 3,274,625 | |
Gtd. Notes | 6.250 | 12/15/21 | 1,382 | 1,426,915 | |
M/I
Homes, Inc., Gtd. Notes |
6.750 | 01/15/21 | 10,175 | 10,149,562 | |
Mattamy
Group Corp. (Canada), Sr. Unsec’d. Notes, 144A |
6.875 | 12/15/23 | 5,893 | 5,657,280 | |
Meritage
Homes Corp., Gtd. Notes |
7.000 | 04/01/22 | 2,295 | 2,369,588 | |
New
Home Co., Inc. (The), Gtd. Notes |
7.250 | 04/01/22 | 10,310 | 10,000,700 | |
PulteGroup,
Inc., Gtd. Notes |
4.250 | 03/01/21 | 2,000 | 2,002,500 | |
Taylor
Morrison Communities, Inc., Gtd. Notes |
6.625 | 05/15/22 | 6,450 | 6,490,312 | |
Taylor
Morrison Communities, Inc./Taylor Morrison Holdings II, Inc., |
|||||
Gtd. Notes, 144A(a) | 5.250 | 04/15/21 | 13,123 | 13,061,322 | |
Gtd. Notes, 144A | 5.625 | 03/01/24 | 9,498 | 9,118,080 | |
Gtd. Notes, 144A | 5.875 | 04/15/23 | 3,170 | 3,102,638 | |
TRI
Pointe Group, Inc., Gtd. Notes |
4.875 | 07/01/21 | 8,395 | 8,101,175 | |
TRI
Pointe Group, Inc./TRI Pointe Homes, Inc., Gtd. Notes |
4.375 | 06/15/19 | 2,350 | 2,337,545 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Home Builders (cont’d.) | |||||
William Lyon Homes, Inc., | |||||
Gtd. Notes(a) | 6.000 % | 09/01/23 | 7,475 | $ 6,858,312 | |
Gtd. Notes | 7.000 | 08/15/22 | 6,700 | 6,718,760 | |
158,953,894 | |||||
Home Furnishings 0.5% | |||||
Tempur
Sealy International, Inc., Gtd. Notes(a) |
5.625 | 10/15/23 | 12,186 | 11,972,745 | |
Internet 0.7% | |||||
Zayo
Group LLC/Zayo Capital, Inc., Gtd. Notes(a) |
6.000 | 04/01/23 | 16,845 | 16,760,775 | |
Iron/Steel 0.9% | |||||
AK
Steel Corp., Sr. Sec’d. Notes(a) |
7.500 | 07/15/23 | 9,825 | 9,898,688 | |
Cleveland-Cliffs,
Inc., Sr. Sec’d. Notes, 144A(a) |
4.875 | 01/15/24 | 12,092 | 11,306,020 | |
21,204,708 | |||||
Leisure Time 0.2% | |||||
Silversea
Cruise Finance Ltd., Sr. Sec’d. Notes, 144A |
7.250 | 02/01/25 | 5,099 | 5,468,678 | |
Lodging 1.3% | |||||
Jack Ohio Finance LLC/Jack Ohio Finance 1 Corp., | |||||
Sec’d. Notes, 144A(a) | 10.250 | 11/15/22 | 9,810 | 10,594,800 | |
Sr. Sec’d. Notes, 144A(a) | 6.750 | 11/15/21 | 12,200 | 12,505,000 | |
MGM Resorts International, | |||||
Gtd. Notes | 6.000 | 03/15/23 | 2,075 | 2,108,719 | |
Gtd. Notes(a) | 6.625 | 12/15/21 | 3,000 | 3,142,500 | |
Gtd. Notes(a) | 8.625 | 02/01/19 | 2,866 | 2,883,024 | |
31,234,043 | |||||
Machinery-Diversified 0.1% | |||||
Cloud
Crane LLC, Sec’d. Notes, 144A |
10.125 | 08/01/24 | 2,710 | 2,886,963 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Media 14.8% | |||||
CCO Holdings LLC/CCO Holdings Capital Corp., | |||||
Sr. Unsec’d. Notes(a) | 5.125 % | 02/15/23 | 3,575 | $ 3,548,188 | |
Sr. Unsec’d. Notes(a) | 5.250 | 09/30/22 | 21,560 | 21,640,850 | |
Sr. Unsec’d. Notes(a) | 5.750 | 01/15/24 | 1,000 | 1,005,200 | |
Sr. Unsec’d. Notes, 144A | 5.125 | 05/01/23 | 24,372 | 24,219,675 | |
Sr. Unsec’d. Notes, 144A | 5.875 | 04/01/24 | 13,500 | 13,618,125 | |
Clear Channel Worldwide Holdings, Inc., | |||||
Gtd. Notes, Series A(a) | 6.500 | 11/15/22 | 13,440 | 13,566,067 | |
Gtd. Notes, Series A(a) | 7.625 | 03/15/20 | 5,470 | 5,456,325 | |
Gtd. Notes, Series B(a) | 6.500 | 11/15/22 | 9,214 | 9,354,974 | |
Gtd. Notes, Series B(a) | 7.625 | 03/15/20 | 11,535 | 11,520,581 | |
CSC Holdings LLC, | |||||
Sr. Sec’d. Notes, 144A(a) | 5.375 | 07/15/23 | 13,727 | 13,624,047 | |
Sr. Unsec’d. Notes, 144A | 5.125 | 12/15/21 | 50,336 | 50,147,240 | |
Sr. Unsec’d. Notes, 144A | 5.125 | 12/15/21 | 4,402 | 4,385,493 | |
Sr. Unsec’d. Notes, 144A(a) | 10.125 | 01/15/23 | 2,255 | 2,441,263 | |
DISH DBS Corp., | |||||
Gtd. Notes | 5.125 | 05/01/20 | 22,757 | 22,700,107 | |
Gtd. Notes(a) | 5.875 | 07/15/22 | 3,242 | 3,092,058 | |
Gtd. Notes(a) | 6.750 | 06/01/21 | 7,290 | 7,408,463 | |
Mediacom
Broadband LLC/Mediacom Broadband Corp., Sr. Unsec’d. Notes |
5.500 | 04/15/21 | 18,535 | 18,442,325 | |
Midcontinent
Communications/Midcontinent Finance Corp., Gtd. Notes, 144A |
6.875 | 08/15/23 | 7,575 | 7,840,125 | |
Nexstar Broadcasting, Inc., | |||||
Gtd. Notes, 144A | 5.625 | 08/01/24 | 1,755 | 1,693,575 | |
Gtd. Notes, 144A | 6.125 | 02/15/22 | 3,950 | 3,999,375 | |
Quebecor
Media, Inc. (Canada), Sr. Unsec’d. Notes(a) |
5.750 | 01/15/23 | 3,525 | 3,599,025 | |
Radiate Holdco LLC/Radiate Finance, Inc., | |||||
Sr. Unsec’d. Notes, 144A(a) | 6.625 | 02/15/25 | 600 | 540,000 | |
Sr. Unsec’d. Notes, 144A | 6.875 | 02/15/23 | 3,745 | 3,501,575 | |
Sinclair Television Group, Inc., | |||||
Gtd. Notes(a) | 5.375 | 04/01/21 | 18,470 | 18,470,000 | |
Gtd. Notes(a) | 6.125 | 10/01/22 | 9,443 | 9,572,841 | |
Gtd. Notes, 144A(a) | 5.625 | 08/01/24 | 5,050 | 4,810,125 | |
TEGNA, Inc., | |||||
Gtd. Notes(a) | 6.375 | 10/15/23 | 7,663 | 7,883,311 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Media (cont’d.) | |||||
TEGNA, Inc., (cont’d.) | |||||
Gtd. Notes, 144A | 4.875 % | 09/15/21 | 11,887 | $11,857,283 | |
Tribune
Media Co., Gtd. Notes(a) |
5.875 | 07/15/22 | 12,325 | 12,479,062 | |
Univision Communications, Inc., | |||||
Sr. Sec’d. Notes, 144A(a) | 5.125 | 05/15/23 | 9,910 | 9,278,238 | |
Sr. Sec’d. Notes, 144A | 6.750 | 09/15/22 | 19,516 | 19,711,160 | |
UPCB
Finance IV Ltd. (Netherlands), Sr. Sec’d. Notes, 144A |
5.375 | 01/15/25 | 2,535 | 2,432,028 | |
Videotron
Ltd. (Canada), Gtd. Notes(a) |
5.000 | 07/15/22 | 1,335 | 1,328,325 | |
345,167,029 | |||||
Metal Fabricate/Hardware 1.1% | |||||
Novelis
Corp., Gtd. Notes, 144A |
6.250 | 08/15/24 | 6,716 | 6,648,840 | |
Zekelman
Industries, Inc., Sr. Sec’d. Notes, 144A |
9.875 | 06/15/23 | 16,975 | 18,035,937 | |
24,684,777 | |||||
Mining 1.7% | |||||
First
Quantum Minerals Ltd. (Zambia), Gtd. Notes, 144A |
7.000 | 02/15/21 | 9,390 | 9,222,858 | |
Freeport-McMoRan, Inc., | |||||
Gtd. Notes(a) | 3.875 | 03/15/23 | 11,605 | 10,807,156 | |
Gtd. Notes(a) | 4.550 | 11/14/24 | 7,085 | 6,580,194 | |
Gtd. Notes(a) | 6.875 | 02/15/23 | 4,265 | 4,440,931 | |
International
Wire Group, Inc., Sec’d. Notes, 144A |
10.750 | 08/01/21 | 3,300 | 2,986,500 | |
New
Gold, Inc. (Canada), Gtd. Notes, 144A(a) |
6.250 | 11/15/22 | 4,910 | 4,204,188 | |
Teck
Resources Ltd. (Canada), Gtd. Notes |
4.500 | 01/15/21 | 2,367 | 2,378,835 | |
40,620,662 | |||||
Miscellaneous Manufacturing 0.0% | |||||
FXI
Holdings, Inc., Sr. Sec’d. Notes, 144A |
7.875 | 11/01/24 | 850 | 767,125 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Oil & Gas 6.2% | |||||
Alta
Mesa Holdings LP/Alta Mesa Finance Services Corp., Gtd. Notes(a) |
7.875 % | 12/15/24 | 9,425 | $ 6,715,313 | |
Antero Resources Corp., | |||||
Gtd. Notes(a) | 5.125 | 12/01/22 | 300 | 294,000 | |
Gtd. Notes | 5.375 | 11/01/21 | 4,400 | 4,383,500 | |
Gtd. Notes(a) | 5.625 | 06/01/23 | 4,015 | 3,984,888 | |
Ascent
Resources Utica Holdings LLC/ARU Finance Corp., Sr. Unsec’d. Notes, 144A(a) |
10.000 | 04/01/22 | 25,464 | 26,928,180 | |
Citgo
Holding, Inc., Sr. Sec’d. Notes, 144A |
10.750 | 02/15/20 | 25,427 | 26,253,377 | |
CNX
Resources Corp., Gtd. Notes(a) |
5.875 | 04/15/22 | 17,149 | 16,784,584 | |
Denbury
Resources, Inc., Sec’d. Notes, 144A |
9.000 | 05/15/21 | 1,150 | 1,152,875 | |
Endeavor
Energy Resources LP/EER Finance, Inc., Sr. Unsec’d. Notes, 144A |
5.500 | 01/30/26 | 6,500 | 6,678,750 | |
MEG Energy Corp. (Canada), | |||||
Gtd. Notes, 144A | 6.375 | 01/30/23 | 20,397 | 19,020,202 | |
Gtd. Notes, 144A(a) | 7.000 | 03/31/24 | 1,325 | 1,240,531 | |
Range Resources Corp., | |||||
Gtd. Notes(a) | 5.000 | 03/15/23 | 8,825 | 8,323,078 | |
Gtd. Notes | 5.875 | 07/01/22 | 4,124 | 4,072,450 | |
Sunoco
LP/Sunoco Finance Corp., Gtd. Notes, 144A(a) |
4.875 | 01/15/23 | 13,475 | 13,138,125 | |
WPX Energy, Inc., | |||||
Sr. Unsec’d. Notes | 6.000 | 01/15/22 | 4,000 | 4,010,000 | |
Sr. Unsec’d. Notes(a) | 8.250 | 08/01/23 | 1,750 | 1,911,875 | |
144,891,728 | |||||
Oil & Gas Services 0.2% | |||||
Nine
Energy Service, Inc., Sr. Unsec’d. Notes, 144A |
8.750 | 11/01/23 | 3,875 | 3,826,563 | |
Packaging & Containers 1.3% | |||||
ARD
Finance SA (Luxembourg), Sr. Sec’d. Notes, Cash coupon 7.125% or PIK 7.875% |
7.125 | 09/15/23 | 9,950 | 9,154,000 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Packaging & Containers (cont’d.) | |||||
Ardagh
Packaging Finance PLC/Ardagh Holdings USA, Inc. (Ireland), |
|||||
Sr. Sec’d. Notes, 144A(a) | 4.250 % | 09/15/22 | 6,100 | $ 5,894,430 | |
Sr. Sec’d. Notes, 144A(a) | 4.625 | 05/15/23 | 2,500 | 2,431,250 | |
Greif,
Inc., Sr. Unsec’d. Notes |
7.750 | 08/01/19 | 3,000 | 3,075,000 | |
Reynolds
Group Issuer, Inc./Reynolds Group Issuer LLC, |
|||||
Sr. Sec’d. Notes(a) | 5.750 | 10/15/20 | 9,689 | 9,677,027 | |
Sr. Sec’d. Notes, 144A(a) | 5.125 | 07/15/23 | 1,000 | 976,250 | |
31,207,957 | |||||
Pharmaceuticals 0.3% | |||||
Bausch
Health Cos., Inc., Sr. Sec’d. Notes, 144A(a) |
6.500 | 03/15/22 | 2,575 | 2,654,928 | |
Endo
Finance LLC, Gtd. Notes, 144A(a) |
5.750 | 01/15/22 | 710 | 631,900 | |
Endo
Finance LLC/Endo Finco, Inc., Gtd. Notes, 144A |
5.375 | 01/15/23 | 3,300 | 2,714,250 | |
6,001,078 | |||||
Pipelines 0.2% | |||||
Genesis
Energy LP/Genesis Energy Finance Corp., Gtd. Notes(a) |
6.000 | 05/15/23 | 3,883 | 3,654,874 | |
Real Estate 0.2% | |||||
Realogy
Group LLC/Realogy Co-Issuer Corp., Gtd. Notes, 144A(a) |
4.875 | 06/01/23 | 5,000 | 4,493,750 | |
WeWork
Cos., Inc., Gtd. Notes, 144A(a) |
7.875 | 05/01/25 | 850 | 794,750 | |
5,288,500 | |||||
Real Estate Investment Trusts (REITs) 1.8% | |||||
FelCor
Lodging LP, Gtd. Notes |
6.000 | 06/01/25 | 6,350 | 6,540,500 | |
GLP
Capital LP/GLP Financing II, Inc., Gtd. Notes(a) |
5.375 | 11/01/23 | 2,130 | 2,158,606 | |
MPT
Operating Partnership LP/MPT Finance Corp., Gtd. Notes(a) |
6.375 | 03/01/24 | 3,955 | 4,093,425 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Real Estate Investment Trusts (REITs) (cont’d.) | |||||
Sabra
Health Care LP/Sabra Capital Corp., Gtd. Notes |
5.500 % | 02/01/21 | 6,110 | $ 6,186,375 | |
SBA Communications Corp., | |||||
Sr. Unsec’d. Notes(a) | 4.000 | 10/01/22 | 18,915 | 18,252,975 | |
Sr. Unsec’d. Notes(a) | 4.875 | 07/15/22 | 668 | 664,660 | |
VICI
Properties 1 LLC/VICI FC, Inc., Sec’d. Notes(a) |
8.000 | 10/15/23 | 2,730 | 2,968,875 | |
40,865,416 | |||||
Retail 5.1% | |||||
Beacon
Roofing Supply, Inc., Gtd. Notes |
6.375 | 10/01/23 | 4,415 | 4,392,925 | |
Brinker
International, Inc., Gtd. Notes, 144A |
5.000 | 10/01/24 | 1,000 | 947,500 | |
Carvana
Co., Gtd. Notes, 144A(a) |
8.875 | 10/01/23 | 15,700 | 14,915,000 | |
CEC
Entertainment, Inc., Gtd. Notes(a) |
8.000 | 02/15/22 | 7,100 | 6,390,000 | |
Ferrellgas LP/Ferrellgas Finance Corp., | |||||
Gtd. Notes(a) | 6.750 | 06/15/23 | 4,425 | 3,717,000 | |
Sr. Unsec’d. Notes(a) | 6.750 | 01/15/22 | 3,000 | 2,535,000 | |
Ferrellgas
Partners LP/Ferrellgas Partners Finance Corp., |
|||||
Sr. Unsec’d. Notes(a) | 8.625 | 06/15/20 | 2,700 | 2,025,000 | |
Sr. Unsec’d. Notes(a) | 8.625 | 06/15/20 | 8,525 | 6,393,750 | |
Golden Nugget, Inc., | |||||
Gtd. Notes, 144A(a) | 8.750 | 10/01/25 | 8,375 | 8,375,000 | |
Sr. Unsec’d. Notes, 144A(a) | 6.750 | 10/15/24 | 2,600 | 2,554,500 | |
Hot
Topic, Inc., Sr. Sec’d. Notes, 144A |
9.250 | 06/15/21 | 3,906 | 3,886,470 | |
L Brands, Inc., | |||||
Gtd. Notes(a) | 5.625 | 10/15/23 | 20,816 | 20,998,140 | |
Gtd. Notes | 6.625 | 04/01/21 | 8,325 | 8,699,625 | |
PetSmart,
Inc., Gtd. Notes, 144A(a) |
7.125 | 03/15/23 | 11,200 | 7,504,000 | |
PF
Chang’s China Bistro, Inc., Gtd. Notes, 144A(a) |
10.250 | 06/30/20 | 4,159 | 3,930,255 | |
Rite
Aid Corp., Gtd. Notes, 144A(a) |
6.125 | 04/01/23 | 16,307 | 14,024,020 | |
Sally
Holdings LLC/Sally Capital, Inc., Gtd. Notes |
5.500 | 11/01/23 | 825 | 804,375 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Retail (cont’d.) | |||||
Stonegate Pub Co. Financing PLC (United Kingdom), | |||||
Sr. Sec’d. Notes, 144A | 4.875 % | 03/15/22 | GBP | 3,400 | $ 4,217,832 |
Sr. Sec’d. Notes, 144A, 3 Month GBP LIBOR + 4.375% | 5.173(c) | 03/15/22 | GBP | 1,875 | 2,365,312 |
118,675,704 | |||||
Software 5.6% | |||||
First
Data Corp., Gtd. Notes, 144A |
7.000 | 12/01/23 | 45,865 | 47,470,275 | |
Infor
Software Parent LLC/Infor Software Parent, Inc., Sr. Unsec’d. Notes, Cash coupon 7.125% or PIK 7.875%, 144A(a) |
7.125 | 05/01/21 | 1,855 | 1,850,363 | |
Infor US, Inc., | |||||
Gtd. Notes(a) | 6.500 | 05/15/22 | 19,155 | 19,059,225 | |
Sr. Sec’d. Notes, 144A(a) | 5.750 | 08/15/20 | 12,309 | 12,400,948 | |
Informatica
LLC, Sr. Unsec’d. Notes, 144A |
7.125 | 07/15/23 | 6,172 | 6,187,430 | |
Nuance
Communications, Inc., Gtd. Notes, 144A |
5.375 | 08/15/20 | 5,067 | 5,076,501 | |
RP
Crown Parent LLC, Sr. Sec’d. Notes, 144A |
7.375 | 10/15/24 | 6,295 | 6,381,556 | |
TIBCO
Software, Inc., Sr. Unsec’d. Notes, 144A |
11.375 | 12/01/21 | 30,960 | 32,778,900 | |
131,205,198 | |||||
Telecommunications 5.2% | |||||
CenturyLink, Inc., | |||||
Sr. Unsec’d. Notes, Series S(a) | 6.450 | 06/15/21 | 29,325 | 29,984,812 | |
Sr. Unsec’d. Notes, Series V | 5.625 | 04/01/20 | 3,580 | 3,606,850 | |
CommScope,
Inc., Gtd. Notes, 144A |
5.500 | 06/15/24 | 9,069 | 8,365,246 | |
eircom
Finance DAC (Ireland), Sr. Sec’d. Notes, 144A |
4.500 | 05/31/22 | EUR | 2,350 | 2,704,340 |
Level 3 Financing, Inc., | |||||
Gtd. Notes | 5.375 | 08/15/22 | 1,520 | 1,516,200 | |
Gtd. Notes(a) | 5.625 | 02/01/23 | 3,475 | 3,473,262 | |
Gtd. Notes | 6.125 | 01/15/21 | 22,647 | 22,724,226 | |
ORBCOMM,
Inc., Sr. Sec’d. Notes, 144A |
8.000 | 04/01/24 | 7,080 | 7,372,050 |
Description | Interest
Rate |
Maturity
Date |
Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Telecommunications (cont’d.) | |||||
Sprint
Communications, Inc., Sr. Unsec’d. Notes(a) |
6.000 % | 11/15/22 | 6,000 | $ 5,997,600 | |
Sprint Corp., | |||||
Gtd. Notes | 7.250 | 09/15/21 | 11,720 | 12,218,100 | |
Gtd. Notes | 7.875 | 09/15/23 | 14,230 | 14,972,806 | |
T-Mobile USA, Inc., | |||||
Gtd. Notes(a) | 6.000 | 03/01/23 | 4,410 | 4,507,064 | |
Gtd. Notes(a) | 6.375 | 03/01/25 | 4,725 | 4,860,844 | |
122,303,400 | |||||
Textiles 0.1% | |||||
Eagle
Intermediate Global Holding BV/Ruyi US Finance LLC (China), Sr. Sec’d. Notes, 144A |
7.500 | 05/01/25 | 1,625 | 1,535,625 | |
Transportation 0.1% | |||||
XPO
Logistics, Inc., Gtd. Notes, 144A |
6.500 | 06/15/22 | 1,301 | 1,323,768 | |
Trucking & Leasing 1.3% | |||||
Avolon Holdings Funding Ltd. (Ireland), | |||||
Gtd. Notes, 144A(a) | 5.125 | 10/01/23 | 8,600 | 8,567,750 | |
Gtd. Notes, 144A | 5.500 | 01/15/23 | 6,125 | 6,140,313 | |
Park Aerospace Holdings Ltd. (Ireland), | |||||
Gtd. Notes, 144A | 4.500 | 03/15/23 | 850 | 826,625 | |
Gtd. Notes, 144A(a) | 5.250 | 08/15/22 | 14,069 | 14,069,000 | |
Gtd. Notes, 144A | 5.500 | 02/15/24 | 1,525 | 1,534,348 | |
31,138,036 | |||||
Total
Corporate Bonds (cost $2,123,966,068) |
2,074,240,851 | ||||
Sovereign Bond 0.1% | |||||
Ecuador
Government International Bond (Ecuador), Sr. Unsec’d. Notes (cost $1,146,127)(a) |
10.750 | 03/28/22 | 1,080 | 1,115,640 | |
Total
Long-Term Investments (cost $2,346,086,875) |
2,294,153,681 |
Description | Shares | Value | |||
Short-Term Investments 23.6% | |||||
Affiliated Mutual Funds | |||||
PGIM Core Ultra Short Bond Fund(w) | 33,877,256 | $ 33,877,256 | |||
PGIM
Institutional Money Market Fund (cost $517,162,335; includes $516,140,604 of cash collateral for securities on loan)(b)(w) |
517,166,989 | 517,115,272 | |||
Total
Short-Term Investments (cost $551,039,591) |
550,992,528 | ||||
TOTAL
INVESTMENTS 122.0% (cost $2,897,126,466) |
2,845,146,209 | ||||
Liabilities in excess of other assets(z) (22.0)% | (512,917,092) | ||||
Net Assets 100.0% | $ 2,332,229,117 |
See the Glossary for abbreviations used in the quarterly schedule of portfolio holdings. |
# | Principal amount is shown in U.S. dollars unless otherwise stated. |
^ | Indicates a Level 3 security. The aggregate value of Level 3 securities is $22,381,197 and 1.0% of net assets. |
(a) | All or a portion of security is on loan. The aggregate market value of such securities, including those sold and pending settlement, is $504,654,519; cash collateral of $516,140,604 (included in liabilities) was received with which the Fund purchased highly liquid short-term investments. |
(b) | Represents security purchased with cash collateral received for securities on loan and includes dividend reinvestment. |
(c) | Variable rate instrument. The interest rate shown reflects the rate in effect at November 30, 2018. |
(d) | Represents issuer in default on interest payments and/or principal repayment. Non-income producing security. Such securities may be post-maturity. |
(w) | PGIM Investments LLC, the manager of the Fund, also serves as manager of the PGIM Core Ultra Short Bond Fund and PGIM Institutional Money Market Fund. |
(z) | Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments: |
Futures contracts outstanding at November 30, 2018: | ||||||||
Number
of Contracts |
Type | Expiration
Date |
Current
Notional Amount |
Value
/ Unrealized Appreciation (Depreciation) | ||||
Long Positions: | ||||||||
721 | 2 Year U.S. Treasury Notes | Mar. 2019 | $152,119,734 | $ 86,664 | ||||
94 | 5 Year U.S. Treasury Notes | Mar. 2019 | 10,618,328 | 16,419 | ||||
367 | 10 Year U.S. Treasury Notes | Mar. 2019 | 43,839,297 | 114,378 | ||||
4 | 20 Year U.S. Treasury Bonds | Mar. 2019 | 559,625 | 2,502 | ||||
2 | 30 Year U.S. Ultra Treasury Bonds | Mar. 2019 | 304,812 | 419 | ||||
220,382 |
Futures contracts outstanding at November 30, 2018 (continued): | ||||||||
Number
of Contracts |
Type | Expiration
Date |
Current
Notional Amount |
Value
/ Unrealized Appreciation (Depreciation) | ||||
Short Positions: | ||||||||
16 | 5 Year Euro-Bobl | Mar. 2019 | $ 2,394,992 | $ (739) | ||||
22 | 10 Year U.K. Gilt | Mar. 2019 | 3,438,008 | (11,565) | ||||
(12,304) | ||||||||
$208,078 |
Purchase
Contracts |
Counterparty | Notional
Amount (000) |
Value
at Settlement Date |
Current
Value |
Unrealized
Appreciation |
Unrealized
Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
British Pound, | |||||||||||||
Expiring 12/04/18 | Citibank, N.A. | GBP | 4,145 | $ 5,410,705 | $ 5,282,974 | $ — | $(127,731) | ||||||
Expiring 12/04/18 | Goldman Sachs International | GBP | 1,798 | 2,354,808 | 2,291,718 | — | (63,090) | ||||||
Expiring 12/04/18 | UBS AG | GBP | 4,604 | 5,871,491 | 5,867,947 | — | (3,544) | ||||||
Euro, | |||||||||||||
Expiring 12/04/18 | JPMorgan Chase Bank, N.A. | EUR | 6,798 | 7,697,432 | 7,699,590 | 2,158 | — | ||||||
$21,334,436 | $21,142,229 | 2,158 | (194,365) |
Sale
Contracts |
Counterparty | Notional
Amount (000) |
Value
at Settlement Date |
Current
Value |
Unrealized
Appreciation |
Unrealized
Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
British Pound, | |||||||||||||
Expiring 12/04/18 | The Toronto-Dominion Bank | GBP | 10,547 | $13,549,749 | $13,442,639 | $107,110 | $ — | ||||||
Expiring 01/10/19 | UBS AG | GBP | 4,604 | 5,884,155 | 5,881,372 | 2,783 | — | ||||||
Euro, | |||||||||||||
Expiring 12/04/18 | JPMorgan Chase Bank, N.A. | EUR | 6,798 | 7,763,504 | 7,699,591 | 63,913 | — | ||||||
Expiring 01/10/19 | JPMorgan Chase Bank, N.A. | EUR | 6,798 | 7,726,664 | 7,728,586 | — | (1,922) | ||||||
$34,924,072 | $34,752,188 | 173,806 | (1,922) | ||||||||||
$175,964 | $(196,287) |
Broker | Cash and/or Foreign Currency | Securities Market Value | ||
Citigroup Global Markets | $1,160,000 | $— |
Level 1 | Level 2 | Level 3 | |||
Investments in Securities | |||||
Bank
Loans |
$ — | $ 196,415,993 | $22,381,197 | ||
Corporate
Bonds |
— | 2,074,240,851 | — | ||
Sovereign
Bond |
— | 1,115,640 | — | ||
Affiliated Mutual
Funds |
550,992,528 | — | — | ||
Other Financial Instruments* | |||||
Futures
Contracts |
208,078 | — | — | ||
OTC Forward Foreign Currency Exchange
Contracts |
— | (20,323) | — | ||
Total | $551,200,606 | $2,271,752,161 | $22,381,197 |
Bank Loans | ||||
Balance as of
08/31/18 |
$26,094,669 | |||
Realized gain
(loss) |
(234) | |||
Change in unrealized appreciation
(depreciation) |
(129,838) | |||
Purchases/Exchanges/Issuances |
— | |||
Sales/Paydowns |
(29,900) | |||
Accrued
discount/premium |
— | |||
Transfers into of Level
3 |
— | |||
Transfers out of Level
3 |
(3,553,500) | |||
Balance as of
11/30/18 |
$22,381,197 | |||
Change in unrealized appreciation (depreciation) relating to securities still held at reporting period end | $ (129,838) |
* | Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures, forwards and centrally cleared swap contracts, which are recorded at the unrealized appreciation (depreciation) on the instrument, and OTC swap contracts which are recorded at fair value. |
Level 3 Securities | Fair
Value as of November 30, 2018 |
Valuation
Methodology |
Unobservable Inputs | |||
Bank Loans | $22,381,197 | Market Approach | Single Broker Indicative Quote |
Investments in Securities | Amount Transferred | Level Transfer | Logic | |||
Bank Loans | $3,553,500 | L3 to L2 | Single Broker Indicative Quote to Multiple Broker Quotes |
EUR | Euro |
GBP | British Pound |
144A — Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers. Unless otherwise noted, 144A securities are deemed to be liquid. |
CLO — Collateralized Loan Obligation |
EURIBOR — Euro Interbank Offered Rate |
LIBOR — London Interbank Offered Rate |
MTN — Medium Term Note |
OTC — Over-the-counter |
PIK — Payment-in-Kind |
REITs — Real Estate Investment Trusts |
Item 2. Controls and Procedures
(a) | It is the conclusion of the registrants principal executive officer and principal financial officer that the effectiveness of the registrants current disclosure controls and procedures (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing) provide reasonable assurance that the information required to be disclosed by the registrant has been recorded, processed, summarized and reported within the time period specified in the Commissions rules and forms and that the information required to be disclosed by the registrant has been accumulated and communicated to the registrants principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure. |
(b) | There have been no significant changes in the registrants internal controls or in other factors that could significantly affect these controls subsequent to the date of their evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses. |
Item 3. Exhibits
Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 Attached hereto.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) Prudential Investment Portfolios, Inc. 15
By (Signature and Title)* | /s/ Andrew R. French | |
Andrew R. French | ||
Secretary of the Fund |
Date | January 15, 2019 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By (Signature and Title)* | /s/ Stuart S. Parker | |
Stuart S. Parker | ||
President and Principal Executive Officer |
Date | January 15, 2019 |
By (Signature and Title)* | /s/ Christian J. Kelly | |
Christian J. Kelly | ||
Treasurer and Principal Financial and Accounting Officer |
Date | January 15, 2019 |
* Print the name and title of each signing officer under his or her signature.
CERTIFICATIONS
I, Stuart S. Parker, certify that:
1. | I have reviewed this report on Form N-Q of Prudential Investment Portfolios, Inc. 15; |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
3. | Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; |
4. | The registrants other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: |
(a) | Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; |
(b) | Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; |
(c) | Evaluated the effectiveness of the registrants disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and |
(d) | Disclosed in this report any change in the registrants internal control over financial reporting that occurred during the registrants most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting; and |
5. | The registrants other certifying officer(s) and I have disclosed to the registrants auditors and the audit committee of the registrants board of directors (or persons performing the equivalent functions): |
(a) | All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrants ability to record, process, summarize, and report financial information; and |
(b) | Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrants internal control over financial reporting. |
Date: January 15, 2019 |
/s/ Stuart S. Parker | |
Stuart S. Parker | ||
President and Principal | ||
Executive Officer |
CERTIFICATIONS
I, Christian J. Kelly, certify that:
1. | I have reviewed this report on Form N-Q of Prudential Investment Portfolios, Inc. 15; |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
3. | Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; |
4. | The registrants other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: |
(a) | Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; |
(b) | Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; |
(c) | Evaluated the effectiveness of the registrants disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and |
(d) | Disclosed in this report any change in the registrants internal control over financial reporting that occurred during the registrants most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting; and |
5. | The registrants other certifying officer(s) and I have disclosed to the registrants auditors and the audit committee of the registrants board of directors (or persons performing the equivalent functions): |
(a) | All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrants ability to record, process, summarize, and report financial information; and |
(b) | Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrants internal control over financial reporting. |
Date: January 15, 2019 |
/s/ Christian J. Kelly | |
Christian J. Kelly | ||
Treasurer and Principal | ||
Financial and Accounting Officer |