Description | Interest Rate | Maturity Date | Principal
Amount (000)# |
Value | |
Long-Term Investments 91.9% | |||||
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% (Cap N/A, Floor 0.000%) |
3.101 %(c) | 07/15/26 | 16,538 | $ 16,537,667 | |
Avery
Point CLO Ltd. (Cayman Islands), Series 2015-07A, Class AR, 144A, 3 Month LIBOR + 1.140% (Cap N/A, Floor 0.000%) |
3.141(c) | 01/15/28 | 15,000 | 14,972,015 | |
Benefit Street Partners CLO Ltd. (Cayman Islands), | |||||
Series 2015-VIIA, Class A1AR, 144A, 3 Month LIBOR + 0.780% (Cap N/A, Floor 0.000%) | 2.783(c) | 07/18/27 | 28,822 | 28,769,042 | |
Series 2017-12A, Class A1, 144A, 3 Month LIBOR + 1.250% (Cap N/A, Floor 0.000%) | 3.251(c) | 10/15/30 | 20,000 | 19,884,556 | |
Carlyle
Global Market Strategies CLO Ltd. (Cayman Islands), Series 2014-01A, Class A1R2, 144A, 3 Month LIBOR + 0.970% (Cap N/A, Floor 0.970%) |
2.972(c) | 04/17/31 | 15,500 | 15,317,788 | |
Cathedral
Lake CLO Ltd. (Cayman Islands), Series 2016-04A, Class AR, 144A, 3 Month LIBOR + 1.250% (Cap N/A, Floor 1.250%) |
3.216(c) | 10/20/28 | 14,500 | 14,504,552 | |
CBAM
Ltd. (Cayman Islands), Series 2018-06A, Class A, 144A, 3 Month LIBOR + 0.940% (Cap N/A, Floor 0.000%) |
2.941(c) | 07/15/31 | 33,000 | 32,971,069 | |
Eaton
Vance CLO Ltd. (Cayman Islands), Series 2013-01A, Class A1RR, 144A, 3 Month LIBOR + 1.160% (Cap N/A, Floor 0.000%) |
3.161(c) | 01/15/28 | 30,000 | 30,016,461 | |
HPS
Loan Management Ltd. (Cayman Islands), Series 10A-16, Class A1R, 144A, 3 Month LIBOR + 1.140% (Cap N/A, Floor 0.000%) |
3.106(c) | 01/20/28 | 25,000 | 24,989,020 | |
JMP
Credit Advisors CLO Ltd. (Cayman Islands), Series 2017-01A, Class AR, 144A, 3 Month LIBOR + 1.280% (Cap N/A, Floor 1.280%) |
3.282(c) | 07/17/29 | 25,000 | 24,878,787 | |
LCM
LP (Cayman Islands), Series 13A, Class ARR, 144A, 3 Month LIBOR + 1.140% (Cap N/A, Floor 0.000%) |
3.106(c) | 07/19/27 | 25,000 | 24,906,450 | |
Northwoods
Capital Corp./Northwoods Capital Ltd., Series 2019-20A, Class A1, 144A |
—(p) | 01/25/30 | 10,750 | 10,750,000 | |
OCP
CLO Ltd. (Cayman Islands), Series 2015-09A, Class A1R, 144A, 3 Month LIBOR + 0.800% (Cap N/A, Floor 0.000%) |
2.801(c) | 07/15/27 | 16,741 | 16,702,219 | |
OZLM
Ltd. (Cayman Islands), Series 2015-13A, Class A1R, 144A, 3 Month LIBOR + 1.080% (Cap N/A, Floor 0.000%) |
3.016(c) | 07/30/27 | 23,650 | 23,588,571 |
Description | Interest Rate | Maturity Date | Principal
Amount (000)# |
Value | |
Asset-Backed Securities (Continued) | |||||
Collateralized Loan Obligations (cont’d.) | |||||
Palmer
Square Loan Funding Ltd. (Cayman Islands), Series 2019-03A, Class A1, 144A, 3 Month LIBOR + 0.850% (Cap N/A, Floor 0.850%) |
2.749 %(c) | 08/20/27 | 18,970 | $ 18,922,527 | |
Regatta
Funding LP (Cayman Islands), Series 2013-02A, Class A1R2, 144A, 3 Month LIBOR + 1.250% (Cap N/A, Floor 0.000%) |
3.251(c) | 01/15/29 | 30,000 | 30,052,956 | |
SCOF
Ltd. (Cayman Islands), Series 2015-02A, Class AR, 144A, 3 Month LIBOR + 1.180% (Cap N/A, Floor 0.000%) |
3.181(c) | 07/15/28 | 42,375 | 42,277,046 | |
Silvermore
CLO Ltd. (Cayman Islands), Series 2014-01A, Class A1R, 144A, 3 Month LIBOR + 1.170% (Cap N/A, Floor 0.000%) |
3.080(c) | 05/15/26 | 21,628 | 21,629,472 | |
Sound Point CLO Ltd. (Cayman Islands), | |||||
Series 2016-02A, Class AR, 144A, 3 Month LIBOR + 1.290% (Cap N/A, Floor 1.290%) | 3.256(c) | 10/20/28 | 40,000 | 39,968,216 | |
Series 2017-01A, Class AR, 144A, 3 Month LIBOR + 1.150% (Cap N/A, Floor 1.150%) | 3.084(c) | 01/23/29 | 35,000 | 34,948,557 | |
TCW
CLO Ltd. (Cayman Islands), Series 2019-01A, Class A, 144A, 3 Month LIBOR + 1.440% (Cap N/A, Floor 1.440%) |
3.350(c) | 02/15/29 | 20,000 | 19,964,798 | |
TICP
CLO Ltd. (Cayman Islands), Series 2016-06A, Class AR, 144A, 3 Month LIBOR + 1.200% (Cap N/A, Floor 1.200%) |
3.201(c) | 01/15/29 | 4,000 | 4,008,268 | |
Venture
CLO Ltd. (Cayman Islands), Series 2015-21A, Class AR, 144A, 3 Month LIBOR + 0.880% (Cap N/A, Floor 0.000%) |
2.881(c) | 07/15/27 | 47,974 | 47,875,925 | |
Wellfleet
CLO Ltd. (Cayman Islands), Series 2016-01A, Class AR, 144A, 3 Month LIBOR + 0.910% (Cap N/A, Floor 0.000%) |
2.876(c) | 04/20/28 | 3,000 | 2,985,685 | |
Zais CLO Ltd. (Cayman Islands), | |||||
Series 2016-02A, Class A1, 144A, 3 Month LIBOR + 1.530% (Cap N/A, Floor 0.000%) | 3.531(c) | 10/15/28 | 20,000 | 19,873,482 | |
Series 2018-02A, Class A, 144A, 3 Month LIBOR + 1.200% (Cap N/A, Floor 0.000%) | 3.166(c) | 07/20/31 | 30,000 | 29,463,717 | |
Total
Asset-Backed Securities (cost $612,285,390) |
610,758,846 |
Description | Interest Rate | Maturity Date | Principal
Amount (000)# |
Value | |
Bank Loans 5.7% | |||||
Advertising 0.0% | |||||
Clear
Channel Outdoor Holdings, Inc., Term B Loan, 1 Month LIBOR + 3.500% |
5.202 %(c) | 08/21/26 | 4,000 | $ 4,010,000 | |
Chemicals 0.6% | |||||
Alpha
Bidco, Inc. (United Kingdom), Initial Term B-1 Loan, 3 Month LIBOR + 3.000% |
5.104(c) | 01/31/24 | 5,000 | 4,922,915 | |
Solenis International LP, | |||||
First Lien Initial Dollar Term Loan, 1 - 3 Month LIBOR + 4.000% | 5.805(c) | 06/26/25 | 18,788 | 17,707,645 | |
Second Lien Initial Term Loan, 3 Month LIBOR + 8.500% | 10.409(c) | 06/26/26 | 34,184 | 30,936,866 | |
Starfruit
Finco BV (Netherlands), Initial Dollar Term Loan, 1 Month LIBOR + 3.250% |
5.005(c) | 10/01/25 | 13,550 | 13,400,950 | |
66,968,376 | |||||
Commercial Services 0.5% | |||||
Financial
& Risk US Holdings, Inc., Initial Dollar Term Loan, 1 Month LIBOR + 3.750% |
5.452(c) | 10/01/25 | 39,526 | 39,748,648 | |
Verscend
Holding Corp., Term B Loan, 1 Month LIBOR + 4.500% |
6.202(c) | 08/27/25 | 15,250 | 15,259,531 | |
55,008,179 | |||||
Computers 0.9% | |||||
McAfee LLC, | |||||
Second Lien Initial Loan, 1 Month LIBOR + 8.500% | 10.202(c) | 09/29/25 | 46,629 | 46,784,384 | |
Term B USD Loan, 1 Month LIBOR + 3.750% | 5.452(c) | 09/30/24 | 58,945 | 58,973,941 | |
105,758,325 | |||||
Electric 0.4% | |||||
Calpine Corp., | |||||
Term Loan (04/19), 3 Month LIBOR + 2.750% | 4.860(c) | 04/05/26 | 1,850 | 1,855,088 | |
Term Loan (05/15), 3 Month LIBOR + 2.500% | 4.610(c) | 01/15/24 | 14,028 | 14,060,126 | |
Heritage
Power LLC, Term Loan B, 3 Month LIBOR + 6.000%^ |
8.205(c) | 07/30/26 | 36,375 | 35,147,344 | |
51,062,558 | |||||
Entertainment 0.1% | |||||
Scientific
Games International, Inc., Initial Term B-5 Loan, 1 Month LIBOR + 2.750% |
4.452(c) | 08/14/24 | 12,916 | 12,861,504 |
Description | Interest Rate | Maturity Date | Principal
Amount (000)# |
Value | |
Bank Loans (Continued) | |||||
Healthcare-Products 0.1% | |||||
Mallinckrodt International Finance SA, | |||||
2017 Term B Loan, 3 Month LIBOR + 2.750% | 4.854 %(c) | 09/24/24 | 10,197 | $ 7,886,063 | |
Term Loan | —(p) | 02/24/25 | 3,728 | 2,870,175 | |
10,756,238 | |||||
Healthcare-Services 0.1% | |||||
MPH
Acquisition Holdings LLC, Initial Term Loan, 3 Month LIBOR + 2.750% |
4.854(c) | 06/07/23 | 12,887 | 12,283,054 | |
Insurance 0.1% | |||||
Asurion
LLC, Second Lien Replacement B-2 Term Loan, 1 Month LIBOR + 6.500% |
8.202(c) | 08/04/25 | 14,460 | 14,523,262 | |
Media 0.1% | |||||
iHeartCommunications,
Inc., Term Loan, 1 Month LIBOR + 4.000% |
5.781(c) | 05/01/26 | 12,853 | 12,933,443 | |
Mining 0.4% | |||||
Aleris
International, Inc., Initial Term Loan, 1 Month LIBOR + 4.750% |
6.452(c) | 02/27/23 | 41,602 | 41,549,798 | |
Oil & Gas 0.4% | |||||
Citgo
Holding, Inc., Term Loan, 1 Month LIBOR + 7.000% |
8.702(c) | 08/01/23 | 9,000 | 9,090,000 | |
CITGO Petroleum Corp., | |||||
2019 Incremental Term B Loan, 3 Month LIBOR + 5.000%^ | 7.104(c) | 03/27/24 | 13,047 | 13,144,256 | |
Term B Loan, 3 Month LIBOR + 4.500% | 6.604(c) | 07/29/21 | 26,846 | 26,896,506 | |
49,130,762 | |||||
Pharmaceuticals 0.1% | |||||
Change
Healthcare Holdings LLC, Closing Date Term Loan, 1 Month LIBOR + 2.500% |
4.202(c) | 03/01/24 | 14,718 | 14,707,766 |
Description | Interest Rate | Maturity Date | Principal
Amount (000)# |
Value | |
Bank Loans (Continued) | |||||
Retail 0.3% | |||||
EG
America LLC (United Kingdom), Second Lien Facility (USD), 3 Month LIBOR + 8.000%^ |
10.104 %(c) | 04/20/26 | 7,764 | $ 7,259,311 | |
Sally
Holdings LLC, Term B-2 Loan |
4.500 | 07/05/24 | 24,525 | 23,850,562 | |
31,109,873 | |||||
Software 1.0% | |||||
Boxer
Parent Co., Inc., Initial Dollar Term Loan, 1 Month LIBOR + 4.250% |
5.952(c) | 10/02/25 | 19,357 | 18,583,182 | |
Finastra USA, Inc., | |||||
Dollar Term Loan (Second Lien), 3 Month LIBOR + 7.250% | 9.446(c) | 06/13/25 | 21,374 | 20,465,635 | |
First Lien Dollar Term Loan, 3 Month LIBOR + 3.500% | 5.696(c) | 06/13/24 | 13,000 | 12,691,250 | |
Infor
US, Inc., Tranche B-6 Term Loan, 3 Month LIBOR + 2.750% |
4.854(c) | 02/01/22 | 13,531 | 13,547,877 | |
Informatica
LLC, Dollar Term B-1 Loan, 1 Month LIBOR + 3.250% |
4.952(c) | 08/05/22 | 9,924 | 9,932,297 | |
Kronos,
Inc., Second Lien Initial Term Loan, 3 Month LIBOR + 8.250% |
10.159(c) | 11/01/24 | 7,500 | 7,537,500 | |
TIBCO
Software, Inc., Term Loan B-2, 1 Month LIBOR + 4.000% |
5.780(c) | 06/30/26 | 26,622 | 26,654,955 | |
109,412,696 | |||||
Telecommunications 0.6% | |||||
Digicel
International Finance Ltd. (Saint Lucia), First Lien Initial Term B Loan, 3 Month LIBOR + 3.250% |
5.340(c) | 05/27/24 | 10,610 | 8,865,720 | |
Intelsat
Jackson Holdings SA (Luxembourg), Tranche B-5 Term Loan |
6.625 | 01/02/24 | 12,305 | 12,228,094 | |
West
Corp., Initial Term B Loan, 1 - 3 Month LIBOR + 4.000% |
5.814(c) | 10/10/24 | 38,018 | 30,858,436 | |
Xplornet
Communications, Inc. (Canada), New Term B Loan, 3 Month LIBOR + 4.000% |
6.104(c) | 09/09/21 | 11,925 | 11,895,188 | |
63,847,438 | |||||
Total
Bank Loans (cost $662,508,815) |
655,923,272 |
Description | Interest Rate | Maturity Date | Principal
Amount (000)# |
Value | |
Corporate Bonds 80.1% | |||||
Advertising 0.4% | |||||
Mood
Media Borrower LLC/Mood Media Co-Issuer, Inc., Sec’d. Notes, 144A, Cash pays ((6 Month LIBOR + 14.000%)/(1—Statutory Reserves)) or PIK 8.000% (Cap N/A, Floor 1.000%) |
16.213 % | 12/31/23 | 2,237 | $ 1,867,456 | |
National CineMedia LLC, | |||||
Sr. Sec’d. Notes, 144A | 5.875 | 04/15/28 | 19,650 | 20,503,518 | |
Sr. Unsec’d. Notes | 5.750 | 08/15/26 | 20,485 | 19,667,651 | |
42,038,625 | |||||
Aerospace & Defense 2.4% | |||||
Bombardier, Inc. (Canada), | |||||
Sr. Unsec’d. Notes, 144A | 5.750 | 03/15/22 | 1,413 | 1,434,129 | |
Sr. Unsec’d. Notes, 144A | 7.450 | 05/01/34 | 1,275 | 1,245,654 | |
Sr. Unsec’d. Notes, 144A | 7.500 | 12/01/24 | 73,926 | 75,902,814 | |
Sr. Unsec’d. Notes, 144A(a) | 7.500 | 03/15/25 | 27,372 | 27,749,387 | |
Sr. Unsec’d. Notes, 144A | 7.875 | 04/15/27 | 79,150 | 79,523,080 | |
Sr. Unsec’d. Notes, 144A | 8.750 | 12/01/21 | 39,850 | 43,193,681 | |
SSL
Robotics LLC, Sr. Sec’d. Notes, 144A |
9.750 | 12/31/23 | 21,525 | 22,442,317 | |
TransDigm
UK Holdings PLC, Gtd. Notes |
6.875 | 05/15/26 | 4,875 | 5,162,054 | |
TransDigm, Inc., | |||||
Gtd. Notes | 6.375 | 06/15/26 | 11,450 | 12,029,570 | |
Gtd. Notes | 6.500 | 07/15/24 | 4,830 | 4,980,564 | |
Gtd. Notes | 6.500 | 05/15/25 | 2,300 | 2,391,210 | |
276,054,460 | |||||
Agriculture 0.3% | |||||
Vector Group Ltd., | |||||
Gtd. Notes, 144A | 10.500 | 11/01/26 | 10,200 | 10,463,180 | |
Sr. Sec’d. Notes, 144A | 6.125 | 02/01/25 | 26,760 | 25,588,036 | |
36,051,216 | |||||
Auto Manufacturers 1.5% | |||||
Allison Transmission, Inc., | |||||
Sr. Unsec’d. Notes, 144A(a) | 4.750 | 10/01/27 | 6,513 | 6,716,331 | |
Sr. Unsec’d. Notes, 144A | 5.875 | 06/01/29 | 8,775 | 9,484,981 | |
Ford Motor Co., | |||||
Sr. Unsec’d. Notes | 4.750 | 01/15/43 | 25,850 | 22,641,773 | |
Sr. Unsec’d. Notes(a) | 5.291 | 12/08/46 | 66,758 | 62,484,700 |
Description | Interest Rate | Maturity Date | Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Auto Manufacturers (cont’d.) | |||||
Ford
Motor Credit Co. LLC, Sr. Unsec’d. Notes(a) |
5.584 % | 03/18/24 | 10,375 | $ 11,087,741 | |
General Motors Co., | |||||
Sr. Unsec’d. Notes | 5.000 | 10/01/28 | 17,000 | 18,207,385 | |
Sr. Unsec’d. Notes | 5.200 | 04/01/45 | 2,150 | 2,140,684 | |
Navistar
International Corp., Gtd. Notes, 144A |
6.625 | 11/01/25 | 40,197 | 41,488,052 | |
174,251,647 | |||||
Auto Parts & Equipment 2.1% | |||||
Adient
Global Holdings Ltd., Gtd. Notes, 144A |
4.875 | 08/15/26 | 51,863 | 44,185,046 | |
American Axle & Manufacturing, Inc., | |||||
Gtd. Notes(a) | 6.250 | 04/01/25 | 18,675 | 19,060,967 | |
Gtd. Notes(a) | 6.250 | 03/15/26 | 36,060 | 36,192,753 | |
Gtd. Notes(a) | 6.500 | 04/01/27 | 37,099 | 37,469,990 | |
Gtd. Notes | 6.625 | 10/15/22 | 4,800 | 4,862,029 | |
Cooper-Standard
Automotive, Inc., Gtd. Notes, 144A(a) |
5.625 | 11/15/26 | 32,131 | 27,567,103 | |
Dana Financing Luxembourg Sarl, | |||||
Gtd. Notes, 144A(a) | 5.750 | 04/15/25 | 6,559 | 6,870,711 | |
Gtd. Notes, 144A(a) | 6.500 | 06/01/26 | 43,292 | 45,890,887 | |
IHO
Verwaltungs GmbH (Germany), Sr. Sec’d. Notes, 144A, Cash coupon 4.750% or PIK 5.500% |
4.750 | 09/15/26 | 2,725 | 2,773,126 | |
Meritor,
Inc., Gtd. Notes |
6.250 | 02/15/24 | 1,025 | 1,056,897 | |
Titan
International, Inc., Sr. Sec’d. Notes |
6.500 | 11/30/23 | 13,625 | 11,291,262 | |
237,220,771 | |||||
Banks 0.2% | |||||
CIT
Group, Inc., Sub. Notes |
6.125 | 03/09/28 | 23,900 | 27,998,214 | |
Beverages 0.1% | |||||
Cott
Holdings, Inc. (Canada), Gtd. Notes, 144A |
5.500 | 04/01/25 | 14,582 | 15,277,351 |
Description | Interest Rate | Maturity Date | Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Building Materials 1.7% | |||||
Cemex SAB de CV (Mexico), | |||||
Sr. Sec’d. Notes, 144A | 5.450 % | 11/19/29 | 7,170 | $ 7,264,155 | |
Sr. Sec’d. Notes, 144A(a) | 5.700 | 01/11/25 | 4,635 | 4,759,751 | |
Sr. Sec’d. Notes, 144A(a) | 7.750 | 04/16/26 | 1,850 | 2,003,870 | |
Cornerstone
Building Brands, Inc., Gtd. Notes, 144A(a) |
8.000 | 04/15/26 | 25,436 | 25,889,432 | |
Griffon
Corp., Gtd. Notes |
5.250 | 03/01/22 | 14,075 | 14,187,653 | |
Masonite International Corp., | |||||
Gtd. Notes, 144A | 5.375 | 02/01/28 | 10,405 | 11,019,321 | |
Gtd. Notes, 144A | 5.750 | 09/15/26 | 9,666 | 10,257,261 | |
Patrick
Industries, Inc., Sr. Unsec’d. Notes, 144A |
7.500 | 10/15/27 | 13,775 | 14,499,629 | |
Standard
Industries, Inc., Sr. Unsec’d. Notes, 144A |
4.750 | 01/15/28 | 27,153 | 28,064,526 | |
Summit Materials LLC/Summit Materials Finance Corp., | |||||
Gtd. Notes(a) | 6.125 | 07/15/23 | 9,383 | 9,555,385 | |
Gtd. Notes, 144A | 5.125 | 06/01/25 | 7,482 | 7,652,647 | |
Gtd. Notes, 144A | 6.500 | 03/15/27 | 7,280 | 7,802,689 | |
U.S.
Concrete, Inc., Gtd. Notes(a) |
6.375 | 06/01/24 | 45,585 | 47,517,184 | |
190,473,503 | |||||
Chemicals 4.0% | |||||
Ashland
LLC, Gtd. Notes(a) |
6.875 | 05/15/43 | 32,720 | 37,555,603 | |
Atotech
Alpha 2 BV (Germany), Sr. Unsec’d. Notes, 144A, Cash coupon 8.750% or PIK 9.500%(a) |
8.750 | 06/01/23 | 37,626 | 37,254,037 | |
Atotech
Alpha 3 BV/Alpha US Bidco, Inc. (United Kingdom), Gtd. Notes, 144A(a) |
6.250 | 02/01/25 | 5,979 | 6,083,571 | |
Chemours Co. (The), | |||||
Gtd. Notes | 5.375 | 05/15/27 | 26,430 | 22,219,626 | |
Gtd. Notes(a) | 6.625 | 05/15/23 | 2,354 | 2,337,095 | |
Gtd. Notes(a) | 7.000 | 05/15/25 | 46,649 | 43,395,173 | |
Cornerstone
Chemical Co., Sr. Sec’d. Notes, 144A |
6.750 | 08/15/24 | 18,513 | 16,939,581 | |
Element
Solutions, Inc., Gtd. Notes, 144A |
5.875 | 12/01/25 | 9,433 | 9,837,202 |
Description | Interest Rate | Maturity Date | Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Chemicals (cont’d.) | |||||
Hexion,
Inc., Gtd. Notes, 144A(a) |
7.875 % | 07/15/27 | 33,493 | $ 33,819,930 | |
NOVA Chemicals Corp. (Canada), | |||||
Sr. Unsec’d. Notes, 144A | 4.875 | 06/01/24 | 1,495 | 1,507,685 | |
Sr. Unsec’d. Notes, 144A | 5.000 | 05/01/25 | 8,100 | 8,169,995 | |
Sr. Unsec’d. Notes, 144A | 5.250 | 06/01/27 | 48,580 | 49,203,251 | |
Rain
CII Carbon LLC/CII Carbon Corp., Sec’d. Notes, 144A |
7.250 | 04/01/25 | 26,264 | 25,522,953 | |
Starfruit
Finco BV/Starfruit US Holdco LLC (Netherlands), Sr. Unsec’d. Notes, 144A(a) |
8.000 | 10/01/26 | 41,660 | 43,525,819 | |
TPC
Group, Inc., Sr. Sec’d. Notes, 144A |
10.500 | 08/01/24 | 26,277 | 26,383,127 | |
Tronox
Finance PLC, Gtd. Notes, 144A(a) |
5.750 | 10/01/25 | 47,527 | 47,002,847 | |
Tronox,
Inc., Gtd. Notes, 144A(a) |
6.500 | 04/15/26 | 28,310 | 28,518,710 | |
Venator
Finance Sarl/Venator Materials LLC, Gtd. Notes, 144A(a) |
5.750 | 07/15/25 | 23,542 | 21,378,608 | |
460,654,813 | |||||
Coal 0.0% | |||||
Warrior
Met Coal, Inc., Sr. Sec’d. Notes, 144A |
8.000 | 11/01/24 | 1,644 | 1,659,728 | |
Commercial Services 3.2% | |||||
AMN
Healthcare, Inc., Gtd. Notes, 144A |
4.625 | 10/01/27 | 7,075 | 7,128,185 | |
Laureate
Education, Inc., Gtd. Notes, 144A |
8.250 | 05/01/25 | 47,511 | 51,424,722 | |
Refinitiv
US Holdings, Inc., Gtd. Notes, 144A(a) |
8.250 | 11/15/26 | 100,062 | 112,334,316 | |
United Rentals North America, Inc., | |||||
Gtd. Notes | 4.875 | 01/15/28 | 70,500 | 73,540,800 | |
Gtd. Notes | 5.250 | 01/15/30 | 36,490 | 38,762,712 | |
Gtd. Notes | 5.500 | 05/15/27 | 12,005 | 12,840,673 | |
Gtd. Notes | 5.875 | 09/15/26 | 26,975 | 28,934,328 | |
Gtd. Notes | 6.500 | 12/15/26 | 16,475 | 18,029,986 | |
Verscend
Escrow Corp., Sr. Unsec’d. Notes, 144A(a) |
9.750 | 08/15/26 | 21,760 | 23,393,911 | |
366,389,633 |
Description | Interest Rate | Maturity Date | Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Computers 1.5% | |||||
Banff
Merger Sub, Inc., Sr. Unsec’d. Notes, 144A(a) |
9.750 % | 09/01/26 | 93,473 | $ 87,616,225 | |
Dell
International LLC/EMC Corp., Gtd. Notes, 144A |
5.875 | 06/15/21 | 1,192 | 1,211,390 | |
Everi
Payments, Inc., Gtd. Notes, 144A |
7.500 | 12/15/25 | 23,721 | 25,090,062 | |
MTS
Systems Corp., Gtd. Notes, 144A |
5.750 | 08/15/27 | 4,780 | 4,985,595 | |
NCR Corp., | |||||
Gtd. Notes | 5.000 | 07/15/22 | 9,403 | 9,499,777 | |
Gtd. Notes, 144A | 5.750 | 09/01/27 | 13,925 | 14,402,070 | |
Tempo
Acquisition LLC/Tempo Acquisition Finance Corp., Sr. Unsec’d. Notes, 144A |
6.750 | 06/01/25 | 21,850 | 22,505,061 | |
165,310,180 | |||||
Distribution/Wholesale 0.2% | |||||
Anixter, Inc., | |||||
Gtd. Notes | 5.500 | 03/01/23 | 1,975 | 2,055,619 | |
Gtd. Notes | 6.000 | 12/01/25 | 11,770 | 12,331,783 | |
H&E
Equipment Services, Inc., Gtd. Notes(a) |
5.625 | 09/01/25 | 12,925 | 13,635,752 | |
28,023,154 | |||||
Diversified Financial Services 3.1% | |||||
Allied
Universal Holdco LLC/Allied Universal Finance Corp., |
|||||
Sr. Sec’d. Notes, 144A | 6.625 | 07/15/26 | 10,950 | 11,602,578 | |
Sr. Unsec’d. Notes, 144A | 9.750 | 07/15/27 | 31,200 | 32,841,657 | |
Avolon
Holdings Funding Ltd. (Ireland), Gtd. Notes, 144A |
5.500 | 01/15/23 | 4,000 | 4,308,541 | |
Fairstone
Financial, Inc. (Canada), Sr. Unsec’d. Notes, 144A(a) |
7.875 | 07/15/24 | 14,515 | 15,699,058 | |
LPL
Holdings, Inc., Gtd. Notes, 144A |
5.750 | 09/15/25 | 17,325 | 18,275,002 | |
Nationstar Mortgage Holdings, Inc., | |||||
Gtd. Notes, 144A | 8.125 | 07/15/23 | 6,750 | 7,218,344 | |
Gtd. Notes, 144A(a) | 9.125 | 07/15/26 | 99,287 | 110,060,845 | |
Navient
Corp., Sr. Unsec’d. Notes, MTN |
8.000 | 03/25/20 | 904 | 918,388 |
Description | Interest Rate | Maturity Date | Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Diversified Financial Services (cont’d.) | |||||
Park Aerospace Holdings Ltd. (Ireland), | |||||
Gtd. Notes, 144A | 4.500 % | 03/15/23 | 6,666 | $ 6,997,238 | |
Gtd. Notes, 144A | 5.500 | 02/15/24 | 9,390 | 10,298,723 | |
Springleaf Finance Corp., | |||||
Gtd. Notes | 5.375 | 11/15/29 | 9,250 | 9,531,068 | |
Gtd. Notes | 6.625 | 01/15/28 | 26,365 | 29,179,882 | |
Gtd. Notes | 6.875 | 03/15/25 | 23,675 | 27,058,029 | |
Gtd. Notes | 7.125 | 03/15/26 | 62,725 | 72,301,430 | |
356,290,783 | |||||
Electric 2.5% | |||||
Calpine Corp., | |||||
Sr. Unsec’d. Notes | 5.375 | 01/15/23 | 3,392 | 3,438,667 | |
Sr. Unsec’d. Notes | 5.500 | 02/01/24 | 28,745 | 29,256,690 | |
Sr. Unsec’d. Notes(a) | 5.750 | 01/15/25 | 115,364 | 118,278,720 | |
Keystone
Power Pass-Through Holders LLC/Conemaugh Power Pass-Through Holders, Sub. Notes, 144A, Cash coupon 13.000% or PIK 13.000% |
13.000 | 06/01/24 | 8,092 | 8,133,010 | |
Keystone &
Conemaugh Pass-Through Certificates, Gtd. Notes, 144A |
9.000 | 12/01/23 | 4,074 | 4,155,145 | |
Mirant
Corp., Bonds, 144A^ |
7.400 | 07/15/49(d) | 2,675 | 2,675 | |
NRG Energy, Inc., | |||||
Gtd. Notes(a) | 5.750 | 01/15/28 | 12,050 | 13,058,198 | |
Gtd. Notes | 6.625 | 01/15/27 | 1,610 | 1,743,894 | |
Gtd. Notes | 7.250 | 05/15/26 | 5,000 | 5,480,306 | |
Gtd. Notes, 144A(a) | 5.250 | 06/15/29 | 5,050 | 5,415,740 | |
Vistra
Energy Corp., Gtd. Notes, 144A |
8.000 | 01/15/25 | 1,515 | 1,580,313 | |
Vistra Operations Co. LLC, | |||||
Gtd. Notes, 144A | 5.000 | 07/31/27 | 18,610 | 19,341,666 | |
Gtd. Notes, 144A | 5.500 | 09/01/26 | 26,180 | 27,704,538 | |
Sr. Unsec’d. Notes, 144A | 5.625 | 02/15/27 | 47,450 | 49,861,116 | |
287,450,678 | |||||
Electronics 0.1% | |||||
Itron,
Inc., Gtd. Notes, 144A |
5.000 | 01/15/26 | 6,325 | 6,563,254 | |
Sensata Technologies BV, | |||||
Gtd. Notes, 144A(a) | 4.875 | 10/15/23 | 6,090 | 6,455,632 |
Description | Interest Rate | Maturity Date | Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Electronics (cont’d.) | |||||
Sensata Technologies BV, (cont’d.) | |||||
Gtd. Notes, 144A(a) | 5.000 % | 10/01/25 | 1,800 | $ 1,958,661 | |
Gtd. Notes, 144A | 5.625 | 11/01/24 | 950 | 1,043,622 | |
16,021,169 | |||||
Energy-Alternate Sources 0.1% | |||||
Enviva
Partners LP/Enviva Partners Finance Corp., Sr. Unsec’d. Notes, 144A |
6.500 | 01/15/26 | 9,975 | 10,372,951 | |
Engineering & Construction 0.8% | |||||
AECOM, | |||||
Gtd. Notes(a) | 5.125 | 03/15/27 | 37,173 | 39,875,612 | |
Gtd. Notes | 5.875 | 10/15/24 | 18,073 | 19,811,865 | |
TopBuild
Corp., Gtd. Notes, 144A |
5.625 | 05/01/26 | 28,228 | 29,557,970 | |
89,245,447 | |||||
Entertainment 3.7% | |||||
AMC Entertainment Holdings, Inc., | |||||
Gtd. Notes(a) | 5.750 | 06/15/25 | 12,925 | 12,023,002 | |
Gtd. Notes(a) | 5.875 | 11/15/26 | 43,578 | 39,264,079 | |
Gtd. Notes(a) | 6.125 | 05/15/27 | 13,075 | 11,778,628 | |
Caesars
Resort Collection LLC/CRC Finco, Inc., Gtd. Notes, 144A(a) |
5.250 | 10/15/25 | 63,841 | 65,921,808 | |
Golden
Entertainment, Inc., Sr. Unsec’d. Notes, 144A(a) |
7.625 | 04/15/26 | 31,736 | 33,620,341 | |
International Game Technology PLC, | |||||
Sr. Sec’d. Notes, 144A(a) | 6.250 | 01/15/27 | 17,770 | 19,914,815 | |
Sr. Sec’d. Notes, 144A | 6.500 | 02/15/25 | 13,431 | 15,067,345 | |
Jacobs
Entertainment, Inc., Sec’d. Notes, 144A |
7.875 | 02/01/24 | 21,815 | 23,179,402 | |
Lions
Gate Capital Holdings LLC, Gtd. Notes, 144A |
6.375 | 02/01/24 | 905 | 882,996 | |
Penn
National Gaming, Inc., Sr. Unsec’d. Notes, 144A(a) |
5.625 | 01/15/27 | 38,510 | 39,981,630 | |
Scientific Games International, Inc., | |||||
Gtd. Notes | 6.250 | 09/01/20 | 4,925 | 4,929,098 | |
Gtd. Notes | 6.625 | 05/15/21 | 27,015 | 27,431,588 | |
Gtd. Notes | 10.000 | 12/01/22 | 24,515 | 25,183,430 | |
Gtd. Notes, 144A(a) | 8.250 | 03/15/26 | 41,674 | 45,092,849 |
Description | Interest Rate | Maturity Date | Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Entertainment (cont’d.) | |||||
Scientific Games International, Inc., (cont’d.) | |||||
Sr. Unsec’d. Notes, 144A | 7.000 % | 05/15/28 | 11,300 | $ 11,765,372 | |
Sr. Unsec’d. Notes, 144A | 7.250 | 11/15/29 | 11,300 | 11,806,971 | |
Twin
River Worldwide Holdings, Inc., Sr. Unsec’d. Notes, 144A |
6.750 | 06/01/27 | 23,684 | 24,392,485 | |
Wynn
Resorts Finance LLC/Wynn Resorts Capital Corp., Sr. Unsec’d. Notes, 144A |
5.125 | 10/01/29 | 9,020 | 9,562,976 | |
421,798,815 | |||||
Foods 2.0% | |||||
B&G Foods, Inc., | |||||
Gtd. Notes(a) | 5.250 | 04/01/25 | 11,003 | 11,116,746 | |
Gtd. Notes(a) | 5.250 | 09/15/27 | 7,770 | 7,619,954 | |
JBS USA LUX SA/JBS USA Finance, Inc., | |||||
Gtd. Notes, 144A | 5.750 | 06/15/25 | 32,670 | 33,953,917 | |
Gtd. Notes, 144A | 5.875 | 07/15/24 | 7,543 | 7,775,636 | |
JBS
USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc., |
|||||
Gtd. Notes, 144A | 6.500 | 04/15/29 | 33,739 | 37,549,814 | |
Sr. Unsec’d. Notes, 144A | 5.500 | 01/15/30 | 24,701 | 26,427,271 | |
Picard
Groupe SAS (France), Sr. Sec’d. Notes, 3 Month EURIBOR + 3.000% (Cap N/A, Floor 3.000%) |
3.000(c) | 11/30/23 | EUR | 10,250 | 11,010,114 |
Pilgrim’s
Pride Corp., Gtd. Notes, 144A |
5.875 | 09/30/27 | 43,390 | 46,928,942 | |
Post Holdings, Inc., | |||||
Gtd. Notes, 144A(a) | 5.500 | 12/15/29 | 17,858 | 18,809,476 | |
Gtd. Notes, 144A(a) | 5.625 | 01/15/28 | 26,127 | 28,048,148 | |
229,240,018 | |||||
Gas 0.8% | |||||
AmeriGas Partners LP/AmeriGas Finance Corp., | |||||
Sr. Unsec’d. Notes | 5.500 | 05/20/25 | 31,780 | 34,032,745 | |
Sr. Unsec’d. Notes | 5.750 | 05/20/27 | 28,577 | 31,187,619 | |
Sr. Unsec’d. Notes | 5.875 | 08/20/26 | 24,524 | 26,954,105 | |
92,174,469 | |||||
Healthcare-Services 5.2% | |||||
Acadia Healthcare Co., Inc., | |||||
Gtd. Notes | 5.125 | 07/01/22 | 1,486 | 1,497,598 |
Description | Interest Rate | Maturity Date | Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Healthcare-Services (cont’d.) | |||||
Acadia Healthcare Co., Inc., (cont’d.) | |||||
Gtd. Notes | 6.125 % | 03/15/21 | 2,070 | $ 2,072,041 | |
Gtd. Notes | 6.500 | 03/01/24 | 5,269 | 5,479,386 | |
Centene Corp., | |||||
Sr. Unsec’d. Notes, 144A | 4.250 | 12/15/27 | 15,465 | 15,889,012 | |
Sr. Unsec’d. Notes, 144A | 4.625 | 12/15/29 | 14,545 | 15,216,316 | |
CHS/Community Health Systems, Inc., | |||||
Sec’d. Notes, 144A(a) | 8.125 | 06/30/24 | 27,282 | 21,353,888 | |
Sr. Sec’d. Notes | 6.250 | 03/31/23 | 5,367 | 5,327,918 | |
DaVita,
Inc., Gtd. Notes |
5.000 | 05/01/25 | 2,167 | 2,234,694 | |
Encompass
Health Corp., Gtd. Notes(a) |
4.750 | 02/01/30 | 8,370 | 8,650,957 | |
Hadrian
Merger Sub, Inc., Sr. Unsec’d. Notes, 144A |
8.500 | 05/01/26 | 19,334 | 19,329,512 | |
HCA, Inc., | |||||
Gtd. Notes | 5.375 | 02/01/25 | 33,007 | 36,506,146 | |
Gtd. Notes(a) | 5.625 | 09/01/28 | 35,812 | 40,637,081 | |
Gtd. Notes(a) | 5.875 | 02/01/29 | 28,334 | 32,422,140 | |
Gtd. Notes | 7.500 | 12/15/23 | 12,480 | 14,131,567 | |
MEDNAX, Inc., | |||||
Gtd. Notes, 144A | 5.250 | 12/01/23 | 3,650 | 3,738,773 | |
Gtd. Notes, 144A(a) | 6.250 | 01/15/27 | 64,364 | 65,763,249 | |
Polaris
Intermediate Corp., Sr. Unsec’d. Notes, 144A, Cash coupon 8.500% or PIK 9.250%(a) |
8.500 | 12/01/22 | 42,045 | 34,850,905 | |
RegionalCare
Hospital Partners Holdings, Inc./LifePoint Health, Inc., Gtd. Notes, 144A(a) |
9.750 | 12/01/26 | 69,233 | 76,568,123 | |
Surgery Center Holdings, Inc., | |||||
Gtd. Notes, 144A | 6.750 | 07/01/25 | 12,227 | 11,799,103 | |
Gtd. Notes, 144A(a) | 10.000 | 04/15/27 | 18,050 | 18,986,585 | |
Tenet Healthcare Corp., | |||||
Sec’d. Notes, 144A | 6.250 | 02/01/27 | 30,900 | 33,134,280 | |
Sr. Sec’d. Notes, 144A | 5.125 | 11/01/27 | 6,375 | 6,663,567 | |
Sr. Unsec’d. Notes(a) | 6.750 | 06/15/23 | 29,064 | 31,447,111 | |
Sr. Unsec’d. Notes | 6.875 | 11/15/31 | 6,450 | 6,116,693 | |
Sr. Unsec’d. Notes(a) | 7.000 | 08/01/25 | 60,363 | 63,456,604 | |
Sr. Unsec’d. Notes | 8.125 | 04/01/22 | 18,646 | 20,432,503 | |
593,705,752 |
Description | Interest Rate | Maturity Date | Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Home Builders 5.3% | |||||
Ashton Woods USA LLC/Ashton Woods Finance Co., | |||||
Sr. Unsec’d. Notes, 144A | 6.750 % | 08/01/25 | 21,144 | $ 21,451,023 | |
Sr. Unsec’d. Notes, 144A | 9.875 | 04/01/27 | 26,936 | 30,235,035 | |
Beazer Homes USA, Inc., | |||||
Gtd. Notes(a) | 5.875 | 10/15/27 | 22,691 | 22,395,272 | |
Gtd. Notes | 6.750 | 03/15/25 | 11,275 | 11,721,458 | |
Sr. Unsec’d. Notes, 144A | 7.250 | 10/15/29 | 31,599 | 33,491,198 | |
Brookfield
Residential Properties, Inc./Brookfield Residential US Corp. (Canada), |
|||||
Gtd. Notes, 144A | 6.125 | 07/01/22 | 8,725 | 8,876,203 | |
Gtd. Notes, 144A | 6.250 | 09/15/27 | 15,375 | 16,092,127 | |
Gtd. Notes, 144A | 6.375 | 05/15/25 | 22,275 | 23,191,252 | |
Century
Communities, Inc., Gtd. Notes, 144A |
6.750 | 06/01/27 | 31,786 | 33,818,970 | |
Forestar
Group, Inc., Gtd. Notes, 144A |
8.000 | 04/15/24 | 15,395 | 16,648,464 | |
KB Home, | |||||
Gtd. Notes(a) | 4.800 | 11/15/29 | 8,325 | 8,463,062 | |
Gtd. Notes(a) | 6.875 | 06/15/27 | 24,875 | 28,385,195 | |
Gtd. Notes | 7.000 | 12/15/21 | 1,412 | 1,521,628 | |
Gtd. Notes | 7.500 | 09/15/22 | 525 | 591,103 | |
Gtd. Notes | 7.625 | 05/15/23 | 8,400 | 9,503,380 | |
Lennar Corp., | |||||
Gtd. Notes | 4.750 | 05/30/25 | 1,224 | 1,314,618 | |
Gtd. Notes | 4.875 | 12/15/23 | 4,075 | 4,345,749 | |
Gtd. Notes | 5.250 | 06/01/26 | 9,250 | 10,140,657 | |
Gtd. Notes | 5.375 | 10/01/22 | 3,675 | 3,926,669 | |
M/I Homes, Inc., | |||||
Gtd. Notes | 5.625 | 08/01/25 | 13,591 | 14,206,136 | |
Gtd. Notes | 6.750 | 01/15/21 | 5,550 | 5,575,271 | |
Mattamy Group Corp. (Canada), | |||||
Sr. Unsec’d. Notes, 144A | 5.250 | 12/15/27 | 17,075 | 17,395,064 | |
Sr. Unsec’d. Notes, 144A | 6.500 | 10/01/25 | 21,910 | 23,404,798 | |
Sr. Unsec’d. Notes, 144A | 6.875 | 12/15/23 | 13,890 | 14,395,010 | |
Meritage Homes Corp., | |||||
Gtd. Notes | 5.125 | 06/06/27 | 22,873 | 24,415,281 | |
Gtd. Notes | 6.000 | 06/01/25 | 14,125 | 15,832,229 | |
New
Home Co., Inc. (The), Gtd. Notes |
7.250 | 04/01/22 | 19,246 | 18,322,688 | |
PulteGroup, Inc., | |||||
Gtd. Notes | 5.000 | 01/15/27 | 14,950 | 16,335,220 | |
Gtd. Notes | 5.500 | 03/01/26 | 3,000 | 3,331,918 |
Description | Interest Rate | Maturity Date | Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Home Builders (cont’d.) | |||||
Taylor Morrison Communities, Inc., | |||||
Gtd. Notes, 144A | 5.750 % | 01/15/28 | 4,241 | $ 4,536,739 | |
Gtd. Notes, 144A | 5.875 | 06/15/27 | 33,511 | 36,306,231 | |
Taylor
Morrison Communities, Inc./Taylor Morrison Holdings II, Inc., |
|||||
Gtd. Notes, 144A(a) | 5.625 | 03/01/24 | 19,904 | 21,405,752 | |
Gtd. Notes, 144A | 5.875 | 04/15/23 | 7,469 | 8,016,431 | |
William Lyon Homes, Inc., | |||||
Gtd. Notes | 5.875 | 01/31/25 | 42,623 | 43,872,808 | |
Gtd. Notes | 6.000 | 09/01/23 | 9,871 | 10,326,358 | |
Gtd. Notes(a) | 7.000 | 08/15/22 | 1,406 | 1,408,907 | |
Gtd. Notes, 144A | 6.625 | 07/15/27 | 37,256 | 40,210,245 | |
605,410,149 | |||||
Home Furnishings 0.0% | |||||
Tempur
Sealy International, Inc., Gtd. Notes(a) |
5.500 | 06/15/26 | 1,351 | 1,422,352 | |
Household Products/Wares 0.1% | |||||
Spectrum Brands, Inc., | |||||
Gtd. Notes(a) | 5.750 | 07/15/25 | 11,552 | 12,108,632 | |
Gtd. Notes, 144A | 5.000 | 10/01/29 | 3,525 | 3,593,188 | |
15,701,820 | |||||
Housewares 0.2% | |||||
Scotts Miracle-Gro Co. (The), | |||||
Gtd. Notes | 5.250 | 12/15/26 | 8,632 | 9,160,567 | |
Sr. Unsec’d. Notes, 144A(a) | 4.500 | 10/15/29 | 10,400 | 10,523,798 | |
19,684,365 | |||||
Internet 0.6% | |||||
Zayo Group LLC/Zayo Capital, Inc., | |||||
Gtd. Notes | 6.000 | 04/01/23 | 9,595 | 9,845,093 | |
Gtd. Notes(a) | 6.375 | 05/15/25 | 8,901 | 9,180,743 | |
Gtd. Notes, 144A(a) | 5.750 | 01/15/27 | 53,032 | 54,334,462 | |
73,360,298 |
Description | Interest Rate | Maturity Date | Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Iron/Steel 0.6% | |||||
Cleveland-Cliffs, Inc., | |||||
Gtd. Notes(a) | 5.750 % | 03/01/25 | 6,935 | $ 6,946,553 | |
Gtd. Notes, 144A(a) | 5.875 | 06/01/27 | 59,190 | 57,046,291 | |
63,992,844 | |||||
Lodging 0.5% | |||||
Boyd
Gaming Corp., Gtd. Notes |
6.000 | 08/15/26 | 8,869 | 9,464,425 | |
Jack Ohio Finance LLC/Jack Ohio Finance 1 Corp., | |||||
Sec’d. Notes, 144A | 10.250 | 11/15/22 | 12,049 | 12,775,783 | |
Sr. Sec’d. Notes, 144A | 6.750 | 11/15/21 | 7,875 | 8,032,557 | |
Marriott
Ownership Resorts, Inc., Gtd. Notes, 144A |
4.750 | 01/15/28 | 6,450 | 6,611,609 | |
MGM Resorts International, | |||||
Gtd. Notes | 4.625 | 09/01/26 | 675 | 708,926 | |
Gtd. Notes | 5.500 | 04/15/27 | 17,673 | 19,459,576 | |
57,052,876 | |||||
Machinery-Diversified 0.5% | |||||
ATS
Automation Tooling Systems, Inc. (Canada), Gtd. Notes, 144A |
6.500 | 06/15/23 | 8,177 | 8,449,711 | |
Cloud
Crane LLC, Sec’d. Notes, 144A |
10.125 | 08/01/24 | 44,858 | 46,442,246 | |
54,891,957 | |||||
Media 6.0% | |||||
AMC
Networks, Inc., Gtd. Notes(a) |
4.750 | 08/01/25 | 13,200 | 13,100,588 | |
CCO Holdings LLC/CCO Holdings Capital Corp., | |||||
Sr. Unsec’d. Notes | 5.125 | 02/15/23 | 7,086 | 7,218,994 | |
Sr. Unsec’d. Notes, 144A | 4.750 | 03/01/30 | 9,350 | 9,568,427 | |
Sr. Unsec’d. Notes, 144A(a) | 5.000 | 02/01/28 | 29,580 | 31,143,816 | |
Sr. Unsec’d. Notes, 144A | 5.125 | 05/01/23 | 7,730 | 7,931,728 | |
Sr. Unsec’d. Notes, 144A | 5.375 | 06/01/29 | 37,028 | 39,675,210 | |
Sr. Unsec’d. Notes, 144A | 5.500 | 05/01/26 | 2,685 | 2,835,284 | |
Sr. Unsec’d. Notes, 144A | 5.875 | 05/01/27 | 10,892 | 11,658,081 | |
Clear Channel Worldwide Holdings, Inc., | |||||
Gtd. Notes, 144A(a) | 9.250 | 02/15/24 | 129,583 | 142,903,070 | |
Sr. Sec’d. Notes, 144A | 5.125 | 08/15/27 | 6,000 | 6,250,543 |
Description | Interest Rate | Maturity Date | Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Media (cont’d.) | |||||
CSC Holdings LLC, | |||||
Gtd. Notes, 144A | 5.375 % | 02/01/28 | 11,490 | $ 12,161,234 | |
Sr. Unsec’d. Notes, 144A | 7.500 | 04/01/28 | 18,372 | 20,753,165 | |
Cumulus
Media New Holdings, Inc., Sr. Sec’d. Notes, 144A(a) |
6.750 | 07/01/26 | 19,079 | 20,296,620 | |
Diamond
Sports Group LLC/Diamond Sports Finance Co., |
|||||
Gtd. Notes, 144A(a) | 6.625 | 08/15/27 | 52,031 | 50,678,220 | |
Sr. Sec’d. Notes, 144A | 5.375 | 08/15/26 | 11,525 | 11,730,599 | |
DISH
DBS Corp., Gtd. Notes(a) |
7.750 | 07/01/26 | 98,630 | 102,259,529 | |
Entercom Media Corp., | |||||
Gtd. Notes, 144A(a) | 7.250 | 11/01/24 | 7,146 | 7,541,548 | |
Sec’d. Notes, 144A | 6.500 | 05/01/27 | 12,495 | 13,165,123 | |
Gray Television, Inc., | |||||
Gtd. Notes, 144A(a) | 5.125 | 10/15/24 | 2,408 | 2,494,409 | |
Gtd. Notes, 144A(a) | 5.875 | 07/15/26 | 18,683 | 19,822,621 | |
Gtd. Notes, 144A(a) | 7.000 | 05/15/27 | 8,439 | 9,352,138 | |
Midcontinent
Communications/Midcontinent Finance Corp., Gtd. Notes, 144A |
5.375 | 08/15/27 | 7,675 | 8,077,703 | |
Nexstar
Broadcasting, Inc., Gtd. Notes, 144A |
5.625 | 08/01/24 | 17,264 | 18,012,543 | |
Quebecor
Media, Inc. (Canada), Sr. Unsec’d. Notes |
5.750 | 01/15/23 | 12,231 | 13,258,787 | |
Radiate Holdco LLC/Radiate Finance, Inc., | |||||
Sr. Unsec’d. Notes, 144A(a) | 6.625 | 02/15/25 | 17,849 | 17,922,027 | |
Sr. Unsec’d. Notes, 144A | 6.875 | 02/15/23 | 29,829 | 30,432,961 | |
Scripps
Escrow, Inc., Sr. Unsec’d. Notes, 144A |
5.875 | 07/15/27 | 6,370 | 6,552,135 | |
Sinclair
Television Group, Inc., Gtd. Notes, 144A |
5.875 | 03/15/26 | 2,275 | 2,375,426 | |
TEGNA, Inc., | |||||
Gtd. Notes(a) | 6.375 | 10/15/23 | 1,085 | 1,119,488 | |
Gtd. Notes, 144A(a) | 5.500 | 09/15/24 | 2,250 | 2,318,915 | |
Univision Communications, Inc., | |||||
Sr. Sec’d. Notes, 144A(a) | 5.125 | 05/15/23 | 24,350 | 24,044,050 | |
Sr. Sec’d. Notes, 144A(a) | 5.125 | 02/15/25 | 18,722 | 18,038,791 | |
Sr. Sec’d. Notes, 144A | 6.750 | 09/15/22 | 4,297 | 4,364,280 |
Description | Interest Rate | Maturity Date | Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Media (cont’d.) | |||||
Videotron
Ltd. (Canada), Gtd. Notes |
5.000 % | 07/15/22 | 650 | $ 685,728 | |
689,743,781 | |||||
Metal Fabricate/Hardware 0.1% | |||||
TriMas
Corp., Gtd. Notes, 144A |
4.875 | 10/15/25 | 4,730 | 4,811,996 | |
Zekelman
Industries, Inc., Sr. Sec’d. Notes, 144A(a) |
9.875 | 06/15/23 | 6,841 | 7,212,282 | |
12,024,278 | |||||
Mining 2.5% | |||||
Compass
Minerals International, Inc., Gtd. Notes, 144A |
6.750 | 12/01/27 | 16,725 | 17,302,584 | |
Constellium SE, | |||||
Gtd. Notes, 144A(a) | 5.875 | 02/15/26 | 18,827 | 19,676,880 | |
Gtd. Notes, 144A(a) | 6.625 | 03/01/25 | 18,060 | 18,821,872 | |
Eldorado
Gold Corp. (Canada), Sec’d. Notes, 144A |
9.500 | 06/01/24 | 21,750 | 23,312,051 | |
First Quantum Minerals Ltd. (Zambia), | |||||
Gtd. Notes, 144A | 6.500 | 03/01/24 | 20,805 | 20,217,849 | |
Gtd. Notes, 144A(a) | 6.875 | 03/01/26 | 13,910 | 13,491,226 | |
Gtd. Notes, 144A | 7.000 | 02/15/21 | 5,160 | 5,197,588 | |
Gtd. Notes, 144A | 7.500 | 04/01/25 | 19,065 | 18,885,923 | |
FMG
Resources August 2006 Pty Ltd. (Australia), Gtd. Notes, 144A |
4.500 | 09/15/27 | 15,335 | 15,325,823 | |
Freeport-McMoRan, Inc., | |||||
Gtd. Notes | 3.550 | 03/01/22 | 3,329 | 3,361,163 | |
Gtd. Notes(a) | 3.875 | 03/15/23 | 19,395 | 19,787,617 | |
Gtd. Notes(a) | 4.550 | 11/14/24 | 19,421 | 20,401,759 | |
IAMGOLD
Corp. (Canada), Gtd. Notes, 144A |
7.000 | 04/15/25 | 27,242 | 27,756,815 | |
New Gold, Inc. (Canada), | |||||
Gtd. Notes, 144A | 6.250 | 11/15/22 | 22,213 | 22,101,303 | |
Gtd. Notes, 144A(a) | 6.375 | 05/15/25 | 16,030 | 14,547,265 | |
Novelis Corp., | |||||
Gtd. Notes, 144A | 5.875 | 09/30/26 | 22,283 | 23,403,299 | |
Gtd. Notes, 144A(a) | 6.250 | 08/15/24 | 6,306 | 6,625,838 | |
290,216,855 |
Description | Interest Rate | Maturity Date | Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Miscellaneous Manufacturing 0.2% | |||||
Amsted
Industries, Inc., Gtd. Notes, 144A |
5.625 % | 07/01/27 | 7,400 | $ 7,813,199 | |
FXI
Holdings, Inc., Sr. Sec’d. Notes, 144A |
7.875 | 11/01/24 | 12,225 | 11,068,118 | |
18,881,317 | |||||
Oil & Gas 6.9% | |||||
Alta
Mesa Holdings LP/Alta Mesa Finance Services Corp., Gtd. Notes |
7.875 | 12/15/24(d) | 103,934 | 8,416,415 | |
Antero Resources Corp., | |||||
Gtd. Notes | 5.000 | 03/01/25 | 63,995 | 41,415,019 | |
Gtd. Notes | 5.125 | 12/01/22 | 18,125 | 14,729,177 | |
Gtd. Notes | 5.375 | 11/01/21 | 1,090 | 1,005,442 | |
Gtd. Notes | 5.625 | 06/01/23 | 24,115 | 17,037,377 | |
Ascent
Resources Utica Holdings LLC/ARU Finance Corp., |
|||||
Sr. Unsec’d. Notes, 144A | 7.000 | 11/01/26 | 36,718 | 28,274,375 | |
Sr. Unsec’d. Notes, 144A(a) | 10.000 | 04/01/22 | 47,895 | 45,972,718 | |
Centennial
Resource Production LLC, Gtd. Notes, 144A(a) |
5.375 | 01/15/26 | 6,886 | 6,490,650 | |
Chesapeake Energy Corp., | |||||
Gtd. Notes | 4.875 | 04/15/22 | 5,725 | 3,877,500 | |
Gtd. Notes(a) | 8.000 | 06/15/27 | 92,501 | 44,255,679 | |
Citgo
Holding, Inc., Sr. Sec’d. Notes, 144A |
9.250 | 08/01/24 | 24,175 | 25,384,359 | |
CNX Resources Corp., | |||||
Gtd. Notes | 5.875 | 04/15/22 | 22,659 | 22,115,951 | |
Gtd. Notes, 144A | 7.250 | 03/14/27 | 41,339 | 34,770,867 | |
CrownRock
LP/CrownRock Finance, Inc., Sr. Unsec’d. Notes, 144A(a) |
5.625 | 10/15/25 | 7,437 | 7,331,967 | |
Denbury
Resources, Inc., Sec’d. Notes, 144A |
9.000 | 05/15/21 | 4,350 | 3,822,067 | |
Diamond
Offshore Drilling, Inc., Sr. Unsec’d. Notes(a) |
7.875 | 08/15/25 | 5,225 | 4,169,152 | |
Endeavor
Energy Resources LP/EER Finance, Inc., Sr. Unsec’d. Notes, 144A |
5.750 | 01/30/28 | 32,965 | 34,484,358 | |
Extraction Oil & Gas, Inc., | |||||
Gtd. Notes, 144A | 5.625 | 02/01/26 | 43,492 | 20,338,052 | |
Gtd. Notes, 144A | 7.375 | 05/15/24 | 12,785 | 5,795,969 |
Description | Interest Rate | Maturity Date | Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Oil & Gas (cont’d.) | |||||
Hilcorp Energy I LP/Hilcorp Finance Co., | |||||
Sr. Unsec’d. Notes, 144A(a) | 5.000 % | 12/01/24 | 3,100 | $ 2,743,300 | |
Sr. Unsec’d. Notes, 144A(a) | 5.750 | 10/01/25 | 15,448 | 13,399,734 | |
Sr. Unsec’d. Notes, 144A | 6.250 | 11/01/28 | 21,614 | 18,120,330 | |
MEG Energy Corp. (Canada), | |||||
Gtd. Notes, 144A | 6.375 | 01/30/23 | 80,547 | 78,929,271 | |
Gtd. Notes, 144A | 7.000 | 03/31/24 | 18,976 | 18,600,641 | |
Nabors
Industries, Inc., Gtd. Notes(a) |
5.750 | 02/01/25 | 45,803 | 35,726,340 | |
Petrobras Global Finance BV (Brazil), | |||||
Gtd. Notes(a) | 7.375 | 01/17/27 | 5,705 | 6,852,760 | |
Gtd. Notes | 8.750 | 05/23/26 | 4,750 | 6,043,211 | |
Gtd. Notes, 144A | 5.093 | 01/15/30 | 1,478 | 1,548,629 | |
Precision Drilling Corp. (Canada), | |||||
Gtd. Notes | 7.750 | 12/15/23 | 5,650 | 5,349,655 | |
Gtd. Notes, 144A(a) | 7.125 | 01/15/26 | 28,993 | 25,362,108 | |
Range Resources Corp., | |||||
Gtd. Notes(a) | 4.875 | 05/15/25 | 30,925 | 25,217,057 | |
Gtd. Notes | 5.000 | 08/15/22 | 1,600 | 1,514,947 | |
Gtd. Notes(a) | 5.000 | 03/15/23 | 15,556 | 13,514,172 | |
Gtd. Notes(a) | 5.875 | 07/01/22 | 21,518 | 20,773,469 | |
Rowan
Cos., Inc., Gtd. Notes |
7.375 | 06/15/25 | 1,250 | 579,225 | |
Seven
Generations Energy Ltd. (Canada), Gtd. Notes, 144A |
5.375 | 09/30/25 | 2,660 | 2,602,137 | |
Seventy
Seven Energy, Inc., Sr. Unsec’d. Notes^ |
6.500 | 07/15/22(d) | 1,800 | 18 | |
Sunoco LP/Sunoco Finance Corp., | |||||
Gtd. Notes | 4.875 | 01/15/23 | 824 | 846,115 | |
Gtd. Notes(a) | 5.500 | 02/15/26 | 11,550 | 12,010,956 | |
Gtd. Notes | 5.875 | 03/15/28 | 1,525 | 1,609,463 | |
Transocean
Pontus Ltd., Sr. Sec’d. Notes, 144A |
6.125 | 08/01/25 | 5,273 | 5,326,273 | |
Transocean, Inc., | |||||
Gtd. Notes, 144A | 7.250 | 11/01/25 | 39,478 | 35,332,810 | |
Gtd. Notes, 144A(a) | 7.500 | 01/15/26 | 18,658 | 16,783,547 | |
Valaris PLC, | |||||
Sr. Unsec’d. Notes(a) | 5.750 | 10/01/44 | 6,475 | 2,460,514 | |
Sr. Unsec’d. Notes(a) | 7.750 | 02/01/26 | 35,790 | 16,222,344 | |
WPX Energy, Inc., | |||||
Sr. Unsec’d. Notes | 5.250 | 09/15/24 | 8,200 | 8,381,946 | |
Sr. Unsec’d. Notes(a) | 5.250 | 10/15/27 | 28,350 | 28,394,287 |
Description | Interest Rate | Maturity Date | Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Oil & Gas (cont’d.) | |||||
WPX Energy, Inc., (cont’d.) | |||||
Sr. Unsec’d. Notes(a) | 5.750 % | 06/01/26 | 6,445 | $ 6,581,816 | |
Sr. Unsec’d. Notes | 8.250 | 08/01/23 | 4,165 | 4,673,558 | |
785,187,727 | |||||
Oil & Gas Services 0.0% | |||||
Nine
Energy Service, Inc., Gtd. Notes, 144A(a) |
8.750 | 11/01/23 | 6,325 | 4,847,019 | |
Packaging & Containers 0.4% | |||||
ARD
Finance SA (Luxembourg), Sr. Sec’d. Notes, 144A, Cash coupon 6.500% or PIK 7.250% |
6.500 | 06/30/27 | 20,675 | 20,600,140 | |
Ardagh
Packaging Finance PLC/Ardagh Holdings USA, Inc. (Ireland), Gtd. Notes, 144A |
6.750 | 05/15/24 | EUR | 1,000 | 1,157,479 |
Owens-Brockway
Glass Container, Inc., Gtd. Notes, 144A(a) |
6.375 | 08/15/25 | 2,561 | 2,709,402 | |
Reynolds
Group Issuer, Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer SA, Gtd. Notes, 144A |
7.000 | 07/15/24 | 15,810 | 16,361,387 | |
40,828,408 | |||||
Pharmaceuticals 1.5% | |||||
Bausch
Health Americas, Inc., Gtd. Notes, 144A |
8.500 | 01/31/27 | 8,455 | 9,580,011 | |
Bausch Health Cos., Inc., | |||||
Gtd. Notes, 144A | 5.500 | 03/01/23 | 2,306 | 2,325,373 | |
Gtd. Notes, 144A | 5.875 | 05/15/23 | 3,742 | 3,794,720 | |
Gtd. Notes, 144A(a) | 6.125 | 04/15/25 | 58,106 | 60,415,960 | |
Gtd. Notes, 144A | 7.000 | 01/15/28 | 14,300 | 15,671,563 | |
Gtd. Notes, 144A | 7.250 | 05/30/29 | 19,325 | 21,689,300 | |
Sr. Sec’d. Notes, 144A | 5.750 | 08/15/27 | 3,895 | 4,220,268 | |
Endo Dac/Endo Finance LLC/Endo Finco, Inc., | |||||
Gtd. Notes, 144A(a) | 6.000 | 07/15/23 | 7,367 | 4,782,255 | |
Gtd. Notes, 144A(a) | 6.000 | 02/01/25 | 21,080 | 13,073,588 | |
Description | Interest Rate | Maturity Date | Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Pharmaceuticals (cont’d.) | |||||
Mallinckrodt
International Finance SA/Mallinckrodt CB LLC, Gtd. Notes, 144A |
5.750 % | 08/01/22 | 18,404 | $ 6,399,862 | |
NVA
Holdings, Inc., Gtd. Notes, 144A(a) |
6.875 | 04/01/26 | 23,383 | 25,564,100 | |
167,517,000 | |||||
Pipelines 1.9% | |||||
Antero
Midstream Partners LP/Antero Midstream Finance Corp., |
|||||
Gtd. Notes | 5.375 | 09/15/24 | 4,075 | 3,492,746 | |
Gtd. Notes, 144A(a) | 5.750 | 01/15/28 | 35,170 | 27,288,448 | |
CNX
Midstream Partners LP/CNX Midstream Finance Corp., Sr. Unsec’d. Notes, 144A |
6.500 | 03/15/26 | 9,925 | 9,051,806 | |
DCP Midstream Operating LP, | |||||
Gtd. Notes | 5.125 | 05/15/29 | 5,375 | 5,449,441 | |
Gtd. Notes, 144A | 6.450 | 11/03/36 | 12,900 | 13,193,435 | |
Global Partners LP/GLP Finance Corp., | |||||
Gtd. Notes | 7.000 | 06/15/23 | 18,670 | 19,203,425 | |
Gtd. Notes, 144A | 7.000 | 08/01/27 | 14,015 | 14,673,065 | |
NGPL PipeCo LLC, | |||||
Sr. Unsec’d. Notes, 144A | 4.875 | 08/15/27 | 4,775 | 5,061,304 | |
Sr. Unsec’d. Notes, 144A | 7.768 | 12/15/37 | 10,100 | 12,889,765 | |
Rockies Express Pipeline LLC, | |||||
Sr. Unsec’d. Notes, 144A | 6.875 | 04/15/40 | 39,253 | 40,066,190 | |
Sr. Unsec’d. Notes, 144A | 7.500 | 07/15/38 | 6,715 | 7,019,339 | |
Tallgrass
Energy Partners LP/Tallgrass Energy Finance Corp., |
|||||
Gtd. Notes, 144A | 5.500 | 09/15/24 | 10,050 | 9,757,878 | |
Gtd. Notes, 144A(a) | 5.500 | 01/15/28 | 35,746 | 33,045,695 | |
Targa
Resources Partners LP/Targa Resources Partners Finance Corp., |
|||||
Gtd. Notes | 4.250 | 11/15/23 | 8,439 | 8,514,817 | |
Gtd. Notes | 5.125 | 02/01/25 | 2,350 | 2,414,292 | |
Gtd. Notes | 6.750 | 03/15/24 | 4,900 | 5,084,932 | |
216,206,578 | |||||
Real Estate 1.1% | |||||
Five
Point Operating Co. LP/Five Point Capital Corp., Gtd. Notes, 144A |
7.875 | 11/15/25 | 42,727 | 41,825,227 |
Description | Interest Rate | Maturity Date | Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Real Estate (cont’d.) | |||||
Greystar
Real Estate Partners LLC, Sr. Sec’d. Notes, 144A |
5.750 % | 12/01/25 | 37,756 | $ 39,325,375 | |
Howard
Hughes Corp. (The), Sr. Unsec’d. Notes, 144A |
5.375 | 03/15/25 | 7,095 | 7,441,373 | |
Hunt
Cos., Inc., Sr. Sec’d. Notes, 144A |
6.250 | 02/15/26 | 31,642 | 31,255,831 | |
119,847,806 | |||||
Real Estate Investment Trusts (REITs) 1.0% | |||||
GLP
Capital LP/GLP Financing II, Inc., Gtd. Notes |
5.375 | 04/15/26 | 14,202 | 15,678,827 | |
MGM
Growth Properties Operating Partnership LP/MGP Finance Co-Issuer, Inc., |
|||||
Gtd. Notes | 4.500 | 09/01/26 | 7,250 | 7,642,994 | |
Gtd. Notes | 4.500 | 01/15/28 | 20,429 | 21,397,471 | |
MPT
Operating Partnership LP/MPT Finance Corp., Gtd. Notes |
5.000 | 10/15/27 | 21,935 | 23,111,169 | |
Sabra
Health Care LP, Gtd. Notes |
5.125 | 08/15/26 | 5,886 | 6,317,006 | |
Senior
Housing Properties Trust, Sr. Unsec’d. Notes |
6.750 | 12/15/21 | 5,475 | 5,797,262 | |
VICI Properties LP/VICI Note Co., Inc., | |||||
Gtd. Notes, 144A | 4.250 | 12/01/26 | 20,305 | 20,714,562 | |
Gtd. Notes, 144A | 4.625 | 12/01/29 | 16,370 | 16,881,974 | |
117,541,265 | |||||
Retail 4.6% | |||||
Beacon
Roofing Supply, Inc., Gtd. Notes, 144A(a) |
4.875 | 11/01/25 | 11,709 | 11,414,252 | |
Brinker
International, Inc., Gtd. Notes, 144A |
5.000 | 10/01/24 | 6,104 | 6,445,723 | |
CEC
Entertainment, Inc., Gtd. Notes(a) |
8.000 | 02/15/22 | 30,235 | 29,347,278 | |
eG
Global Finance PLC (United Kingdom), Sr. Sec’d. Notes, 144A |
8.500 | 10/30/25 | 20,475 | 21,553,874 | |
Ferrellgas LP/Ferrellgas Finance Corp., | |||||
Gtd. Notes | 6.750 | 06/15/23 | 16,853 | 14,363,549 | |
Sr. Unsec’d. Notes | 6.500 | 05/01/21 | 19,277 | 16,681,201 | |
Sr. Unsec’d. Notes | 6.750 | 01/15/22 | 19,912 | 17,015,616 |
Description | Interest Rate | Maturity Date | Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Retail (cont’d.) | |||||
Ferrellgas
Partners LP/Ferrellgas Partners Finance Corp., |
|||||
Sr. Unsec’d. Notes(a) | 8.625 % | 06/15/20 | 34,212 | $ 22,770,239 | |
Sr. Unsec’d. Notes(a) | 8.625 | 06/15/20 | 62,543 | 41,790,025 | |
Golden Nugget, Inc., | |||||
Gtd. Notes, 144A | 8.750 | 10/01/25 | 39,223 | 41,607,378 | |
Sr. Unsec’d. Notes, 144A | 6.750 | 10/15/24 | 27,726 | 28,656,674 | |
L Brands, Inc., | |||||
Gtd. Notes(a) | 5.625 | 10/15/23 | 5,250 | 5,570,987 | |
Gtd. Notes | 6.750 | 07/01/36 | 40,548 | 35,013,944 | |
Gtd. Notes(a) | 6.875 | 11/01/35 | 19,543 | 17,146,591 | |
Michaels
Stores, Inc., Gtd. Notes, 144A(a) |
8.000 | 07/15/27 | 37,697 | 36,250,776 | |
PetSmart, Inc., | |||||
Gtd. Notes, 144A | 7.125 | 03/15/23 | 14,292 | 12,833,885 | |
Sr. Sec’d. Notes, 144A | 5.875 | 06/01/25 | 29,714 | 29,162,694 | |
Rite
Aid Corp., Gtd. Notes, 144A |
6.125 | 04/01/23 | 54,280 | 44,828,918 | |
Sally
Holdings LLC/Sally Capital, Inc., Gtd. Notes(a) |
5.625 | 12/01/25 | 39,548 | 41,057,930 | |
Suburban
Propane Partners LP/Suburban Energy Finance Corp., |
|||||
Sr. Unsec’d. Notes | 5.500 | 06/01/24 | 14,947 | 15,372,194 | |
Sr. Unsec’d. Notes | 5.750 | 03/01/25 | 9,405 | 9,657,110 | |
Sr. Unsec’d. Notes(a) | 5.875 | 03/01/27 | 9,615 | 9,919,859 | |
Superior
Plus LP/Superior General Partner, Inc. (Canada), Sr. Unsec’d. Notes, 144A |
7.000 | 07/15/26 | 15,325 | 16,408,840 | |
524,869,537 | |||||
Semiconductors 0.1% | |||||
NXP
BV/NXP Funding LLC (Netherlands), Gtd. Notes, 144A(a) |
4.625 | 06/15/22 | 6,125 | 6,431,993 | |
Sensata
Technologies UK Financing Co. PLC, Gtd. Notes, 144A(a) |
6.250 | 02/15/26 | 5,054 | 5,433,503 | |
11,865,496 | |||||
Software 1.4% | |||||
Camelot
Finance SA, Sr. Sec’d. Notes, 144A |
4.500 | 11/01/26 | 9,325 | 9,509,801 |
Description | Interest Rate | Maturity Date | Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Software (cont’d.) | |||||
Dun
& Bradstreet Corp. (The), Sr. Sec’d. Notes, 144A |
6.875 % | 08/15/26 | 7,640 | $ 8,336,129 | |
Infor
US, Inc., Gtd. Notes |
6.500 | 05/15/22 | 56,067 | 57,147,056 | |
Informatica
LLC, Sr. Unsec’d. Notes, 144A |
7.125 | 07/15/23 | 9,563 | 9,719,483 | |
IQVIA,
Inc., Gtd. Notes, 144A |
5.000 | 05/15/27 | 9,432 | 9,910,897 | |
RP
Crown Parent LLC, Gtd. Notes, 144A |
7.375 | 10/15/24 | 26,901 | 27,908,881 | |
TIBCO
Software, Inc., Sr. Unsec’d. Notes, 144A(a) |
11.375 | 12/01/21 | 36,114 | 37,322,689 | |
159,854,936 | |||||
Telecommunications 8.1% | |||||
C&W
Senior Financing DAC (Ireland), Sr. Unsec’d. Notes, 144A(a) |
6.875 | 09/15/27 | 23,000 | 24,324,986 | |
CenturyLink, Inc., | |||||
Sr. Unsec’d. Notes, Series P(a) | 7.600 | 09/15/39 | 19,868 | 20,466,462 | |
Sr. Unsec’d. Notes, Series S | 6.450 | 06/15/21 | 18,030 | 18,934,385 | |
Sr. Unsec’d. Notes, Series U(a) | 7.650 | 03/15/42 | 24,283 | 24,997,358 | |
Sr. Unsec’d. Notes, Series V | 5.625 | 04/01/20 | 1,085 | 1,095,909 | |
CommScope Technologies LLC, | |||||
Gtd. Notes, 144A | 5.000 | 03/15/27 | 3,000 | 2,629,736 | |
Gtd. Notes, 144A | 6.000 | 06/15/25 | 37,892 | 36,602,298 | |
CommScope, Inc., | |||||
Gtd. Notes, 144A(a) | 5.500 | 06/15/24 | 10,760 | 10,530,166 | |
Gtd. Notes, 144A(a) | 8.250 | 03/01/27 | 24,570 | 24,713,143 | |
Sr. Sec’d. Notes, 144A | 6.000 | 03/01/26 | 22,072 | 23,144,498 | |
Connect
Finco SARL/Connect US Finco LLC (United Kingdom), Sr. Sec’d. Notes, 144A(a) |
6.750 | 10/01/26 | 23,675 | 24,242,905 | |
Digicel
Group One Ltd. (Jamaica), Sr. Sec’d. Notes, 144A |
8.250 | 12/30/22 | 40,115 | 22,979,159 | |
Digicel Group Two Ltd. (Jamaica), | |||||
Sr. Unsec’d. Notes, 144A(a) | 8.250 | 09/30/22 | 6,637 | 1,661,576 | |
Sr. Unsec’d. Notes, 144A, Cash coupon 9.125% or PIK 9.125% | 9.125 | 04/01/24 | 791 | 123,894 | |
Digicel
International Finance Ltd./Digicel Holdings Bermuda Ltd. (Saint Lucia), Sr. Sec’d. Notes, 144A(a) |
8.750 | 05/25/24 | 11,150 | 10,601,486 |
Description | Interest Rate | Maturity Date | Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Telecommunications (cont’d.) | |||||
Digicel Ltd. (Jamaica), | |||||
Gtd. Notes, 144A(a) | 6.750 % | 03/01/23 | 87,609 | $ 43,808,479 | |
Sr. Unsec’d. Notes, 144A(a) | 6.000 | 04/15/21 | 27,950 | 20,329,635 | |
Embarq
Corp., Sr. Unsec’d. Notes |
7.995 | 06/01/36 | 110,574 | 112,280,363 | |
Intelsat Jackson Holdings SA (Luxembourg), | |||||
Gtd. Notes(a) | 5.500 | 08/01/23 | 24,120 | 19,197,544 | |
Gtd. Notes, 144A | 9.750 | 07/15/25 | 88,532 | 75,094,273 | |
Sr. Sec’d. Notes, 144A(a) | 8.000 | 02/15/24 | 14,181 | 14,516,165 | |
Intelsat
Luxembourg SA (Luxembourg), Gtd. Notes(a) |
8.125 | 06/01/23 | 37,260 | 17,379,557 | |
Iridium
Communications, Inc., Sr. Unsec’d. Notes, 144A(a) |
10.250 | 04/15/23 | 25,236 | 27,037,606 | |
ORBCOMM,
Inc., Sr. Sec’d. Notes, 144A |
8.000 | 04/01/24 | 34,514 | 35,196,868 | |
Sprint Capital Corp., | |||||
Gtd. Notes(a) | 6.875 | 11/15/28 | 34,822 | 37,116,281 | |
Gtd. Notes(a) | 8.750 | 03/15/32 | 70,313 | 83,914,512 | |
Sprint Corp., | |||||
Gtd. Notes(a) | 7.125 | 06/15/24 | 530 | 571,083 | |
Gtd. Notes | 7.625 | 02/15/25 | 47,943 | 52,478,882 | |
Telesat
Canada/Telesat LLC (Canada), Sr. Sec’d. Notes, 144A |
4.875 | 06/01/27 | 6,125 | 6,224,531 | |
T-Mobile
USA, Inc., Gtd. Notes |
6.375 | 03/01/25 | 1,038 | 1,078,597 | |
West
Corp., Gtd. Notes, 144A(a) |
8.500 | 10/15/25 | 72,530 | 58,122,617 | |
Xplornet
Communications, Inc. (Canada), Gtd. Notes, 144A, Cash coupon 9.625% or PIK 10.625% |
9.625 | 06/01/22 | 69,971 | 69,858,159 | |
921,253,113 | |||||
Toys/Games/Hobbies 0.1% | |||||
Mattel,
Inc., Gtd. Notes, 144A |
5.875 | 12/15/27 | 9,000 | 9,078,503 | |
Transportation 0.5% | |||||
XPO Logistics, Inc., | |||||
Gtd. Notes, 144A(a) | 6.125 | 09/01/23 | 6,475 | 6,693,056 |
Description | Interest Rate | Maturity Date | Principal
Amount (000)# |
Value | |
Corporate Bonds (Continued) | |||||
Transportation (cont’d.) | |||||
XPO Logistics, Inc., (cont’d.) | |||||
Gtd. Notes, 144A | 6.500 % | 06/15/22 | 7,952 | $ 8,105,463 | |
Gtd. Notes, 144A | 6.750 | 08/15/24 | 40,268 | 43,723,868 | |
58,522,387 | |||||
Total
Corporate Bonds (cost $9,122,454,517) |
9,157,506,044 |
Shares | |||||
Common Stocks 0.7% | |||||
Chemicals 0.0% | |||||
Hexion Holdings Corp. (Class B Stock)* | 339,630 | 3,583,097 | |||
Electric Utilities 0.6% | |||||
GenOn Energy Holdings, Inc. (Class A Stock)*^ | 193,537 | 40,158,928 | |||
Keycon Power Holdings LLC* | 81,888 | 25,385,280 | |||
65,544,208 | |||||
Independent Power & Renewable Electricity Producers 0.1% | |||||
Vistra Energy Corp. | 342,429 | 9,084,641 | |||
Media 0.0% | |||||
Mood Media Corp.*^ | 669,375 | 134 | |||
Mood Media Corp.*^ | 546,428 | 109 | |||
243 | |||||
Oil, Gas & Consumable Fuels 0.0% | |||||
Ascent Resources - Marcellus LLC (Class A Stock)*^ | 35,140 | 72,037 | |||
Frontera Energy Corp. (Colombia) | 55,828 | 395,949 | |||
467,986 | |||||
Total
Common Stocks (cost $49,584,509) |
78,680,175 |
Description | Shares | Value | |||
Preferred Stocks 0.0% | |||||
Capital Markets 0.0% | |||||
Goldman Sachs Group, Inc. (The) Series K, 6.375% | 87,000 | $ 2,403,810 | |||
Construction Materials 0.0% | |||||
New Millennium Homes LLC*^ | 2,000 | 38,000 | |||
Media 0.0% | |||||
Adelphia Communications Corp.^ | 20,000 | 20 | |||
Total
Preferred Stocks (cost $2,193,416) |
2,441,830 |
Units | |||||
Warrants* 0.0% | |||||
Chemicals 0.0% | |||||
Hercules, Inc., expiring 03/31/29 | 230 | — | |||
Oil, Gas & Consumable Fuels 0.0% | |||||
Ascent Resources - Marcellus LLC, 2nd Lien Tranche A, expiring 03/30/2023^ | 229,837 | 28,730 | |||
Ascent Resources - Marcellus LLC, 2nd Lien Tranche B, expiring 03/30/2023^ | 178,762 | 13,407 | |||
42,137 | |||||
Total
Warrants (cost $52,352) |
42,137 | ||||
Total
Long-Term Investments (cost $10,449,078,999) |
10,505,352,304 |
Shares | |||||
Short-Term Investments 20.9% | |||||
Affiliated Mutual Funds | |||||
PGIM Core Ultra Short Bond Fund(w) | 867,397,221 | 867,397,221 |
Description | Shares | Value | |||
Affiliated Mutual Funds (Continued) | |||||
PGIM
Institutional Money Market Fund (cost $1,520,540,532; includes $1,518,189,077 of cash collateral for securities on loan)(b)(w) |
1,520,554,733 | $ 1,520,706,788 | |||
Total
Short-Term Investments (cost $2,387,937,753) |
2,388,104,009 | ||||
TOTAL
INVESTMENTS 112.8% (cost $12,837,016,752) |
12,893,456,313 | ||||
Liabilities in excess of other assets(z) (12.8)% | (1,464,571,666) | ||||
Net Assets 100.0% | $ 11,428,884,647 |
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings: |
EUR—Euro |
144A—Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, pursuant to the requirements of Rule 144A, may not be resold except to qualified institutional buyers. | |
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 Trust | |
Q—Quarterly payment frequency for swaps |
* | Non-income producing security. |
# | Principal or notional amount is shown in U.S. dollars unless otherwise stated. |
^ | Indicates a Level 3 instrument. The aggregate value of Level 3 instruments is $95,864,969 and 0.8% 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 $1,504,994,378; cash collateral of $1,518,189,077 (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, 2019. |
(d) | Represents issuer in default on interest payments and/or principal repayment. Non-income producing security. Such securities may be post-maturity. |
(p) | Interest rate not available as of November 30, 2019. |
(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, 2019: | ||||||||
Number
of Contracts |
Type | Expiration
Date |
Current
Notional Amount |
Value
/ Unrealized Appreciation (Depreciation) | ||||
Long Positions: | ||||||||
2,694 | 2 Year U.S. Treasury Notes | Mar. 2020 | $580,788,517 | $ (24,819) | ||||
2,239 | 5 Year U.S. Treasury Notes | Mar. 2020 | 266,371,031 | 350,796 | ||||
2,860 | 10 Year U.S. Treasury Notes | Mar. 2020 | 369,967,827 | 233,626 | ||||
249 | 20 Year U.S. Treasury Bonds | Mar. 2020 | 39,583,219 | (41,051) | ||||
518,552 | ||||||||
Short Positions: | ||||||||
3 | 5 Year Euro-Bobl | Dec. 2019 | 443,941 | 7,070 | ||||
1 | 10 Year Euro-Bund | Dec. 2019 | 188,468 | 5,618 | ||||
250 | 30 Year U.S. Ultra Treasury Bonds | Mar. 2020 | 46,929,687 | (246,033) | ||||
(233,345) | ||||||||
$ 285,207 |
Purchase
Contracts |
Counterparty | Notional
Amount (000) |
Value
at Settlement Date |
Current
Value |
Unrealized
Appreciation |
Unrealized
Depreciation |
|||||||
OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
Euro, | |||||||||||||
Expiring 12/03/19 | Citibank, N.A. | EUR | 12,097 | $13,373,730 | $13,330,939 | $— | $(42,791) |
Sale
Contracts |
Counterparty | Notional
Amount (000) |
Value
at Settlement Date |
Current
Value |
Unrealized
Appreciation |
Unrealized
Depreciation |
|||||||
OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
Euro, | |||||||||||||
Expiring 12/03/19 | The Toronto-Dominion Bank | EUR | 12,097 | $13,444,137 | $13,330,939 | $113,198 | $ — | ||||||
Expiring 01/09/20 | Citibank, N.A. | EUR | 12,097 | 13,411,897 | 13,370,366 | 41,531 | — | ||||||
$26,856,034 | $26,701,305 | 154,729 | — | ||||||||||
$154,729 | $(42,791) |
Reference
Entity/ Obligation |
Termination
Date |
Fixed
Rate |
Notional
Amount (000)#(3) |
Value
at Trade Date |
Value
at November 30, 2019 |
Unrealized
Appreciation (Depreciation) | |||||||||
Centrally Cleared Credit Default Swap Agreement on credit indices - Buy Protection(1): | |||||||||||||||
CDX.NA.HY.33.V1 | 12/20/24 | 5.000%(Q) | 172,000 | $(12,263,600) | $(15,060,765) | $(2,797,165) |
(1) | If the Fund is a buyer of protection, it pays the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and make delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
(2) | If the Fund is a seller of protection, it receives the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
(3) | Notional amount represents the maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
(4) | Implied credit spreads, represented in absolute terms, utilized in determining the fair value of credit default swap agreements where the Fund is the seller of protection as of the reporting date serve as an indicator of the current status of the payment/ performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include up-front payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood of risk of default or other credit event occurring as defined under the terms of the agreement. |