Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Long-Term Investments 96.4% | |||||
Asset-Backed Securities 2.5% | |||||
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%) | 1.337 %(c) | 07/15/26 | 11,523 | $11,495,304 | |
Benefit Street Partners CLO Ltd. (Cayman Islands), | |||||
Series 2015-07A, Class A1AR, 144A, 3 Month LIBOR + 0.780% (Cap N/A, Floor 0.000%) | 0.998(c) | 07/18/27 | 13,596 | 13,527,254 | |
Series 2017-12A, Class A1, 144A, 3 Month LIBOR + 1.250% (Cap N/A, Floor 0.000%) | 1.487(c) | 10/15/30 | 20,000 | 19,966,852 | |
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%) | 1.188(c) | 04/17/31 | 15,453 | 15,261,687 | |
Carlyle US CLO Ltd. (Cayman Islands), Series 2019-04A, Class A11, 144A, 3 Month LIBOR + 1.330% (Cap N/A, Floor 1.330%) | 1.567(c) | 01/15/33 | 20,000 | 19,975,754 | |
Catamaran CLO Ltd. (Cayman Islands), Series 2014-01A, Class A1AR, 144A, 3 Month LIBOR + 1.260% (Cap N/A, Floor 0.000%) | 1.476(c) | 04/22/30 | 29,847 | 29,706,833 | |
Cathedral Lake CLO Ltd. (Cayman Islands), Series 2016-04A, Class AR, 144A, 3 Month LIBOR + 1.250% (Cap N/A, Floor 1.250%) | 1.468(c) | 10/20/28 | 14,500 | 14,444,942 | |
CIFC Funding Ltd. (Cayman Islands), Series 2014-02RA, Class A1, 144A, 3 Month LIBOR + 1.050% (Cap N/A, Floor 1.050%) | 1.265(c) | 04/24/30 | 20,200 | 20,118,808 | |
Eaton Vance CLO Ltd. (Cayman Islands), Series 2013-01A, Class A1RR, 144A, 3 Month LIBOR + 1.160% (Cap N/A, Floor 0.000%) | 1.397(c) | 01/15/28 | 30,000 | 29,939,097 | |
JMP Credit Advisors CLO Ltd. (Cayman Islands), Series 2017-01A, Class AR, 144A, 3 Month LIBOR + 1.280% (Cap N/A, Floor 1.280%) | 1.498(c) | 07/17/29 | 24,628 | 24,418,507 | |
LCM LP (Cayman Islands), Series 13A, Class ARR, 144A, 3 Month LIBOR + 1.140% (Cap N/A, Floor 0.000%) | 1.358(c) | 07/19/27 | 25,000 | 24,965,302 | |
Madison Park Funding Ltd. (Cayman Islands), Series 2015-19A, Class A1R2, 144A, 3 Month LIBOR + 0.920% (Cap N/A, Floor 0.920%) | 1.136(c) | 01/22/28 | 36,500 | 36,371,940 | |
Northwoods Capital Ltd. (Cayman Islands), Series 2019-20A, Class A1, 144A, 3 Month LIBOR + 1.320% (Cap N/A, Floor 1.320%) | 1.535(c) | 01/25/30 | 10,750 | 10,687,253 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Asset-Backed Securities (Continued) | |||||
Collateralized Loan Obligations (cont’d.) | |||||
OCP CLO Ltd. (Cayman Islands), Series 2015-09A, Class A1R, 144A, 3 Month LIBOR + 0.800% (Cap N/A, Floor 0.000%) | 1.037 %(c) | 07/15/27 | 7,811 | $7,763,017 | |
OZLM Ltd. (Cayman Islands), | |||||
Series 2015-11A, Class A1R, 144A, 3 Month LIBOR + 1.250% (Cap N/A, Floor 0.000%) | 1.464(c) | 10/30/30 | 19,784 | 19,687,652 | |
Series 2015-13A, Class A1R, 144A, 3 Month LIBOR + 1.080% (Cap N/A, Floor 0.000%) | 1.294(c) | 07/30/27 | 5,655 | 5,604,510 | |
Race Point CLO Ltd. (Cayman Islands), Series 2013-08A, Class AR2, 144A, 3 Month LIBOR + 1.040% (Cap N/A, Floor 1.040%) | 1.264(c) | 02/20/30 | 24,683 | 24,501,803 | |
SCOF Ltd. (Cayman Islands), Series 2015-02A, Class AR, 144A, 3 Month LIBOR + 1.180% (Cap N/A, Floor 0.000%) | 1.455(c) | 07/15/28 | 40,734 | 40,453,505 | |
Sound Point CLO Ltd. (Cayman Islands), | |||||
Series 2016-02A, Class AR, 144A, 3 Month LIBOR + 1.290% (Cap N/A, Floor 1.290%) | 1.508(c) | 10/20/28 | 40,000 | 39,870,852 | |
Series 2017-01A, Class AR, 144A, 3 Month LIBOR + 1.150% (Cap N/A, Floor 1.150%) | 1.359(c) | 01/23/29 | 15,000 | 14,896,534 | |
TICP CLO Ltd. (Cayman Islands), Series 2016-06A, Class AR, 144A, 3 Month LIBOR + 1.200% (Cap N/A, Floor 1.200%) | 1.437(c) | 01/15/29 | 4,000 | 3,992,256 | |
Voya CLO Ltd. (Cayman Islands), | |||||
Series 2014-02A, Class A1RR, 144A, 3 Month LIBOR + 1.020% (Cap N/A, Floor 1.020%) | 1.238(c) | 04/17/30 | 24,843 | 24,645,988 | |
Series 2015-01A, Class A1R, 144A, 3 Month LIBOR + 0.900% (Cap N/A, Floor 0.900%) | 1.118(c) | 01/18/29 | 24,750 | 24,652,010 | |
Series 2016-01A, Class A1R, 144A, 3 Month LIBOR + 1.070% (Cap N/A, Floor 1.070%) | 1.288(c) | 01/20/31 | 11,725 | 11,637,940 | |
Wellfleet CLO Ltd. (Cayman Islands), Series 2016-01A, Class AR, 144A, 3 Month LIBOR + 0.910% (Cap N/A, Floor 0.000%) | 1.128(c) | 04/20/28 | 2,686 | 2,680,182 | |
Zais CLO Ltd. (Cayman Islands), | |||||
Series 2016-02A, Class A1, 144A, 3 Month LIBOR + 1.530% (Cap N/A, Floor 0.000%) | 1.767(c) | 10/15/28 | 19,528 | 19,477,354 | |
Series 2018-02A, Class A, 144A, 3 Month LIBOR + 1.200% (Cap N/A, Floor 0.000%) | 1.418(c) | 07/20/31 | 29,593 | 28,810,756 | |
Total Asset-Backed Securities (cost $537,082,665) | 539,553,892 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Bank Loans 6.2% | |||||
Advertising 0.0% | |||||
Clear Channel Outdoor Holdings, Inc., Term B Loan, 2 - 3 Month LIBOR + 3.500% | 3.690 %(c) | 08/21/26 | 9,950 | $9,319,601 | |
Auto Manufacturers 0.1% | |||||
Navistar, Inc., Tranche B Term Loan, 1 Month LIBOR + 3.500% | 3.650(c) | 11/06/24 | 15,481 | 15,380,144 | |
Chemicals 0.5% | |||||
Alpha Bidco, Inc. (United Kingdom), Initial Term B-1 Loan, 3 Month LIBOR + 3.000% | 4.000(c) | 01/31/24 | 1,969 | 1,953,056 | |
Hexion, Inc., Senior Secured Term B Loan, 3 Month LIBOR + 3.500%^ | 3.730(c) | 07/01/26 | 9,594 | 9,497,921 | |
Nouryon USA LLC (Netherlands), Initial Dollar Term Loan, 1 Month LIBOR + 3.000% | 3.141(c) | 10/01/25 | 13,410 | 13,137,870 | |
PQ Corp., New Term Loan, 3 Month LIBOR + 3.000% | 4.000(c) | 02/07/27 | 11,621 | 11,586,977 | |
Solenis International LP, | |||||
First Lien Initial Dollar Term Loan, 3 Month LIBOR + 4.000% | 4.233(c) | 06/26/25 | 27,023 | 26,651,857 | |
Second Lien Initial Term Loan, 3 Month LIBOR + 8.500% | 8.733(c) | 06/26/26 | 34,184 | 33,158,851 | |
95,986,532 | |||||
Commercial Services 0.4% | |||||
Financial & Risk Holdings, Inc., Initial Dollar Term Loan, 1 Month LIBOR + 3.250% | 3.396(c) | 10/01/25 | 41,118 | 40,803,137 | |
MPH Acquisition Holdings LLC, Initial Term Loan, 3 Month LIBOR + 2.750% | 3.750(c) | 06/07/23 | 13,486 | 13,287,429 | |
Verscend Holding Corp., Term B Loan, 1 Month LIBOR + 4.500% | 4.646(c) | 08/27/25 | 21,296 | 21,207,148 | |
75,297,714 | |||||
Computers 0.4% | |||||
Everi Payments, Inc., Term Loan, 1 Month LIBOR + 10.500%^ | 11.500(c) | 05/09/24 | 4,215 | 4,361,943 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Bank Loans (Continued) | |||||
Computers (cont’d.) | |||||
McAfee LLC, Term B USD Loan, 1 Month LIBOR + 3.750% | 3.896 %(c) | 09/30/24 | 73,924 | $73,708,433 | |
Redstone Buyer LLC, Initial Term Loan, 2 Month LIBOR + 5.000% | 6.000(c) | 09/01/27 | 4,000 | 3,987,500 | |
82,057,876 | |||||
Electric 0.2% | |||||
Calpine Corp., | |||||
Term Loan, 1 Month LIBOR + 2.250% | 2.400(c) | 01/15/24 | 10,493 | 10,401,424 | |
Term Loan, 1 Month LIBOR + 2.250% | 2.400(c) | 04/05/26 | 1,831 | 1,812,681 | |
Heritage Power LLC, Term Loan B, 3 Month LIBOR + 6.000% | 7.000(c) | 07/30/26 | 37,392 | 35,452,172 | |
PG&E Corp., New Term Loan, 3 Month LIBOR + 4.500% | 5.500(c) | 06/23/25 | 3,758 | 3,784,586 | |
51,450,863 | |||||
Electronics 0.1% | |||||
Tiger Merger Sub Co., Non-FILO Term Loan, 1 Month LIBOR + 3.500% | 3.646(c) | 06/30/25 | 22,075 | 22,068,113 | |
Engineering & Construction 0.2% | |||||
Landry’s Finance Acquisition Co., | |||||
2020 Buy Back Term Loan, 2 Month LIBOR + 12.000%^ | 13.000(c) | 10/06/23 | 6,460 | 7,299,731 | |
2020 Initial Term Loan, 3 Month LIBOR + 12.000%^ | 13.000(c) | 10/06/23 | 21,265 | 23,816,868 | |
31,116,599 | |||||
Entertainment 0.5% | |||||
Golden Entertainment, Inc., Term B Facility Loan (First Lien), 3 Month LIBOR + 3.000% | 3.750(c) | 10/21/24 | 12,183 | 11,825,513 | |
Playtika Holding Corp., Term B Loan, 3 Month LIBOR + 6.000% | 7.000(c) | 12/10/24 | 47,911 | 48,114,873 | |
Scientific Games International, Inc., Initial Term B-5 Loan, 1 Month LIBOR + 2.750% | 2.896(c) | 08/14/24 | 30,815 | 29,672,089 | |
Twin River Worldwide Holdings, Inc., Term B-1 Facility Loan, 1 Month LIBOR + 8.000% | 9.000(c) | 05/11/26 | 14,514 | 15,293,732 | |
104,906,207 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Bank Loans (Continued) | |||||
Healthcare-Services 0.0% | |||||
LifePoint Health, Inc., First Lien Term B Loan, 1 Month LIBOR + 3.750% | 3.896 %(c) | 11/17/25 | 8,204 | $8,091,243 | |
Insurance 0.1% | |||||
Asurion LLC, | |||||
Replacement B-6 Term Loan, 1 Month LIBOR + 3.000% | 3.146(c) | 11/03/23 | 7,193 | 7,115,273 | |
Second Lien Replacement B-2 Term Loan, 1 Month LIBOR + 6.500% | 6.646(c) | 08/04/25 | 13,583 | 13,665,138 | |
20,780,411 | |||||
Media 0.4% | |||||
Entercom Media Corp., Term Loan B-2, 1 Month LIBOR + 2.500% | 2.643(c) | 11/18/24 | 4,982 | 4,809,613 | |
iHeartCommunications, Inc., | |||||
New Term Loan, 1 Month LIBOR + 3.000% | 3.146(c) | 05/01/26 | 17,403 | 16,808,821 | |
Second Amendment Incremental Term Loan, 1 Month LIBOR + 4.000% | 4.750(c) | 05/01/26 | 26,869 | 26,482,697 | |
ION Media Networks, Inc., Term B-4 Loans, 1 Month LIBOR + 3.000% | 3.188(c) | 12/17/24 | 25,205 | 25,063,732 | |
Radiate Holdco LLC, Term B Loan, 1 Month LIBOR + 3.500% | 4.250(c) | 09/25/26 | 1,371 | 1,356,388 | |
74,521,251 | |||||
Oil & Gas 0.7% | |||||
Ascent Resources Utica Holdings LLC, Second Lien Term Loan, 3 Month LIBOR + 9.000% | 10.000(c) | 11/01/25 | 58,174 | 61,519,005 | |
Chesapeake Energy Corp., Class A Loan, 3 Month LIBOR + 8.000% (Cap N/A, Floor 1.000%) | 9.000(c) | 06/24/24(d) | 82,725 | 58,321,125 | |
Citgo Holding, Inc., Term Loan, 3 Month LIBOR + 7.000% | 8.000(c) | 08/01/23 | 18,382 | 15,985,033 | |
Citgo Petroleum Corp., 2019 Incremental Term B Loan, 3 Month LIBOR + 5.000% | 6.000(c) | 03/27/24 | 16,055 | 15,252,106 | |
151,077,269 | |||||
Pharmaceuticals 0.2% | |||||
Mallinckrodt International Finance SA, | |||||
2017 Term B Loan, 3 Month LIBOR + 2.750% | 5.500(c) | 09/24/24 | 13,367 | 12,506,930 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Bank Loans (Continued) | |||||
Pharmaceuticals (cont’d.) | |||||
Mallinckrodt International Finance SA, (cont’d.) | |||||
2018 Incremental Term Loan, 3 Month LIBOR + 3.000% | 5.750 %(c) | 02/24/25 | 6,965 | $6,503,070 | |
Milano Acquisition Corp., Term B Loan, 3 Month LIBOR + 4.000% | 4.750(c) | 10/01/27 | 31,950 | 31,603,886 | |
50,613,886 | |||||
Retail 0.3% | |||||
CEC Entertainment, Inc., Term B Loan, 3 Month LIBOR + 8.500% | 9.500(c) | 08/31/26(d) | 6,030 | 3,869,248 | |
EG America LLC (United Kingdom), Second Lien Facility, 3 Month LIBOR + 8.000% | 9.000(c) | 04/20/26 | 6,489 | 6,237,521 | |
Harbor Freight Tools USA, Inc., 2020 Initial Term Loan, 1 Month LIBOR + 3.250% | 4.000(c) | 10/19/27 | 19,168 | 19,010,554 | |
Sally Holdings LLC, Term B-2 Loan^ | 4.500 | 07/05/24 | 19,724 | 19,624,966 | |
Serta Simmons Bedding LLC, New Money Facility 2016, 1 Month LIBOR + 1.000% | 8.500(c) | 08/10/23 | 5,165 | 5,167,222 | |
53,909,511 | |||||
Software 1.2% | |||||
Boxer Parent Co., Inc., Initial Dollar Term Loan, 1 Month LIBOR + 4.250% | 4.396(c) | 10/02/25 | 19,163 | 18,928,892 | |
BY Crown Parent LLC, Additional B-1 Term Loan, 1 Month LIBOR + 3.000% | 4.000(c) | 02/02/26 | 3,004 | 2,974,078 | |
Camelot Co. (Luxembourg), Amendment No 2 Incremental Term Loans, 1 Month LIBOR + 3.000% | 4.000(c) | 10/30/26 | 21,500 | 21,412,667 | |
Championx Holding, Inc., Dollar Term Loan (Second Lien), 3 Month LIBOR + 7.250% | 8.250(c) | 06/13/25 | 28,459 | 28,186,309 | |
Dun & Bradstreet Corp. (The), Term Loan B, 1 Month LIBOR + 3.750% | 3.893(c) | 02/06/26 | 48,271 | 47,942,647 | |
Finastra USA, Inc., First Lien Dollar Term Loan, 3 Month LIBOR + 3.500% | 4.500(c) | 06/13/24 | 15,809 | 15,291,029 | |
Greeneden U.S. Holdings II LLC, Term Loan, 3 Month LIBOR + 4.000% | —(p) | 12/01/27 | 19,080 | 18,994,140 | |
Informatica LLC, | |||||
Dollar 2020 Term Loan, 1 Month LIBOR + 3.250% | 3.396(c) | 02/25/27 | 12,488 | 12,271,320 | |
Second Lien Initial Loan | 7.125 | 02/25/25 | 13,375 | 13,575,625 | |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Bank Loans (Continued) | |||||
Software (cont’d.) | |||||
Rackspace Hosting, Inc., Term B Loan (First Lien), 2 - 3 Month LIBOR + 3.000% | 4.000 %(c) | 11/03/23 | 6,600 | $6,549,582 | |
TIBCO Software, Inc., | |||||
Second Lien Term Loan, 1 Month LIBOR + 7.250% | 7.400(c) | 03/03/28 | 31,797 | 31,876,524 | |
Term Loan B-3, 1 Month LIBOR + 3.750% | 3.900(c) | 06/30/26 | 44,908 | 43,897,800 | |
261,900,613 | |||||
Telecommunications 0.9% | |||||
Digicel International Finance Ltd. (Saint Lucia), First Lien Initial Term B Loan, 6 Month LIBOR + 3.250% | 3.510(c) | 05/27/24 | 10,501 | 9,247,841 | |
Intelsat Jackson Holdings SA (Luxembourg), | |||||
SuperPriority Secured DIP Term Loan, 3 Month LIBOR + 5.500% (Cap N/A, Floor 0.000%) | 6.500(c) | 07/13/21 | 17,182 | 17,503,870 | |
Tranche B-3 Term Loan, PRIME + 4.750% | 8.000(c) | 11/27/23 | 14,105 | 14,236,794 | |
Tranche B-5 Term Loan | 8.625 | 01/02/24 | 14,070 | 14,172,008 | |
Iridium Satellite LLC, Initial Term Loan, 1 Month LIBOR + 3.750% | 4.750(c) | 11/04/26 | 19,656 | 19,649,897 | |
West Corp., Initial Term B Loan, 1 - 3 Month LIBOR + 4.000% | 5.000(c) | 10/10/24 | 50,635 | 48,085,320 | |
Windstream Services LLC, Initial Term Loan, 1 Month LIBOR + 6.250% | 7.250(c) | 09/21/27 | 6,339 | 6,042,223 | |
Xplornet Communications, Inc. (Canada), Initial Term Loan, 1 Month LIBOR + 4.750% | 4.896(c) | 06/10/27 | 69,403 | 68,578,427 | |
197,516,380 | |||||
Total Bank Loans (cost $1,309,360,776) | 1,305,994,213 | ||||
Convertible Bond 0.0% | |||||
Telecommunications | |||||
Digicel Group 0.5 Ltd. (Jamaica), Sub. Notes, 144A, Cash coupon 7.000% or PIK 7.000% (cost $415,021) | 7.000 | –(rr) | 10,819 | 2,163,806 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds 86.1% | |||||
Advertising 0.6% | |||||
Advantage Sales & Marketing, Inc., Sr. Sec’d. Notes, 144A | 6.500 % | 11/15/28 | 9,950 | $10,177,930 | |
Clear Channel International BV, Sr. Sec’d. Notes, 144A(a) | 6.625 | 08/01/25 | 6,600 | 6,880,500 | |
National CineMedia LLC, | |||||
Sr. Sec’d. Notes, 144A | 5.875 | 04/15/28 | 18,628 | 14,533,623 | |
Sr. Unsec’d. Notes(a) | 5.750 | 08/15/26 | 20,710 | 12,906,552 | |
Outfront Media Capital LLC/Outfront Media Capital Corp., Gtd. Notes, 144A(a) | 6.250 | 06/15/25 | 11,327 | 12,080,692 | |
Terrier Media Buyer, Inc., Gtd. Notes, 144A(a) | 8.875 | 12/15/27 | 69,249 | 75,096,011 | |
131,675,308 | |||||
Aerospace & Defense 1.4% | |||||
Boeing Co. (The), | |||||
Sr. Unsec’d. Notes | 5.150 | 05/01/30 | 71,515 | 84,251,201 | |
Sr. Unsec’d. Notes(a) | 5.805 | 05/01/50 | 74,630 | 98,630,138 | |
Sr. Unsec’d. Notes | 5.930 | 05/01/60 | 11,125 | 15,031,573 | |
Howmet Aerospace, Inc., Sr. Unsec’d. Notes(a) | 6.875 | 05/01/25 | 11,200 | 13,040,986 | |
Spirit AeroSystems, Inc., Sec’d. Notes, 144A(a) | 7.500 | 04/15/25 | 26,900 | 28,862,937 | |
SSL Robotics LLC, Sr. Sec’d. Notes, 144A | 9.750 | 12/31/23 | 28,377 | 32,188,769 | |
TransDigm UK Holdings PLC, Gtd. Notes | 6.875 | 05/15/26 | 4,875 | 5,181,065 | |
TransDigm, Inc., | |||||
Gtd. Notes | 6.375 | 06/15/26 | 11,450 | 11,891,227 | |
Gtd. Notes(a) | 6.500 | 07/15/24 | 4,830 | 4,919,494 | |
Gtd. Notes(a) | 6.500 | 05/15/25 | 2,300 | 2,359,196 | |
296,356,586 | |||||
Agriculture 0.4% | |||||
Vector Group Ltd., | |||||
Gtd. Notes, 144A | 10.500 | 11/01/26 | 7,650 | 8,197,948 | |
Sr. Sec’d. Notes, 144A | 6.125 | 02/01/25 | 75,926 | 76,875,075 | |
85,073,023 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Apparel 0.4% | |||||
Hanesbrands, Inc., Gtd. Notes, 144A(a) | 5.375 % | 05/15/25 | 9,410 | $10,013,323 | |
Levi Strauss & Co., Sr. Unsec’d. Notes(a) | 5.000 | 05/01/25 | 3,000 | 3,083,763 | |
William Carter Co. (The), | |||||
Gtd. Notes, 144A(a) | 5.500 | 05/15/25 | 23,166 | 24,523,666 | |
Gtd. Notes, 144A | 5.625 | 03/15/27 | 10,350 | 10,989,461 | |
Wolverine World Wide, Inc., | |||||
Gtd. Notes, 144A | 5.000 | 09/01/26 | 13,320 | 13,473,144 | |
Gtd. Notes, 144A | 6.375 | 05/15/25 | 12,375 | 13,240,273 | |
75,323,630 | |||||
Auto Manufacturers 2.1% | |||||
Allison Transmission, Inc., | |||||
Sr. Unsec’d. Notes, 144A(a) | 4.750 | 10/01/27 | 2,263 | 2,392,411 | |
Sr. Unsec’d. Notes, 144A(a) | 5.875 | 06/01/29 | 10,000 | 11,204,495 | |
Ford Motor Co., | |||||
Sr. Unsec’d. Notes(a) | 4.750 | 01/15/43 | 82,985 | 81,624,007 | |
Sr. Unsec’d. Notes(a) | 5.291 | 12/08/46 | 76,458 | 76,594,991 | |
Sr. Unsec’d. Notes | 7.400 | 11/01/46 | 7,450 | 8,733,794 | |
Sr. Unsec’d. Notes | 8.500 | 04/21/23 | 1,275 | 1,429,749 | |
Sr. Unsec’d. Notes(a) | 9.000 | 04/22/25 | 56,046 | 68,079,219 | |
Sr. Unsec’d. Notes(a) | 9.625 | 04/22/30 | 12,300 | 17,117,590 | |
Ford Motor Credit Co. LLC, | |||||
Sr. Unsec’d. Notes | 3.350 | 11/01/22 | 3,860 | 3,911,013 | |
Sr. Unsec’d. Notes | 5.085 | 01/07/21 | 1,000 | 1,002,670 | |
Sr. Unsec’d. Notes(a) | 5.584 | 03/18/24 | 10,375 | 11,156,061 | |
Jaguar Land Rover Automotive PLC (United Kingdom), Sr. Unsec’d. Notes, 144A(a) | 7.750 | 10/15/25 | 29,200 | 31,304,991 | |
Navistar International Corp., | |||||
Gtd. Notes, 144A | 6.625 | 11/01/25 | 75,752 | 79,272,170 | |
Sr. Sec’d. Notes, 144A | 9.500 | 05/01/25 | 23,500 | 26,339,120 | |
PM General Purchaser LLC, Sr. Sec’d. Notes, 144A | 9.500 | 10/01/28 | 19,975 | 21,767,861 | |
441,930,142 | |||||
Auto Parts & Equipment 1.6% | |||||
Adient Global Holdings Ltd., Gtd. Notes, 144A | 4.875 | 08/15/26 | 70,531 | 71,053,719 | |
Adient US LLC, Sr. Sec’d. Notes, 144A | 9.000 | 04/15/25 | 10,859 | 12,141,133 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Auto Parts & Equipment (cont’d.) | |||||
American Axle & Manufacturing, Inc., | |||||
Gtd. Notes(a) | 6.250 % | 04/01/25 | 11,075 | $11,461,424 | |
Gtd. Notes(a) | 6.250 | 03/15/26 | 37,332 | 38,388,109 | |
Gtd. Notes(a) | 6.500 | 04/01/27 | 43,643 | 45,637,096 | |
Gtd. Notes(a) | 6.875 | 07/01/28 | 4,350 | 4,611,554 | |
Cooper-Standard Automotive, Inc., Gtd. Notes, 144A(a) | 5.625 | 11/15/26 | 31,081 | 25,046,225 | |
Dana Financing Luxembourg SARL, | |||||
Gtd. Notes, 144A(a) | 5.750 | 04/15/25 | 8,739 | 9,088,634 | |
Gtd. Notes, 144A(a) | 6.500 | 06/01/26 | 48,017 | 50,449,239 | |
Dana, Inc., | |||||
Sr. Unsec’d. Notes(a) | 5.375 | 11/15/27 | 14,475 | 15,395,582 | |
Sr. Unsec’d. Notes | 5.500 | 12/15/24 | 1,150 | 1,173,343 | |
Sr. Unsec’d. Notes(a) | 5.625 | 06/15/28 | 8,720 | 9,411,619 | |
IHO Verwaltungs GmbH (Germany), Sr. Sec’d. Notes, 144A, Cash coupon 4.750% or PIK 5.500% | 4.750 | 09/15/26 | 2,725 | 2,809,607 | |
Tenneco, Inc., Sr. Sec’d. Notes, 144A | 7.875 | 01/15/29 | 12,425 | 13,701,166 | |
Titan International, Inc., Sr. Sec’d. Notes | 6.500 | 11/30/23 | 22,599 | 20,669,240 | |
331,037,690 | |||||
Banks 0.4% | |||||
CIT Group, Inc., | |||||
Sr. Unsec’d. Notes | 4.125 | 03/09/21 | 1,500 | 1,508,333 | |
Sr. Unsec’d. Notes | 4.750 | 02/16/24 | 4,361 | 4,735,677 | |
Sr. Unsec’d. Notes | 5.000 | 08/01/23 | 15,725 | 17,078,935 | |
Sub. Notes(a) | 6.125 | 03/09/28 | 23,900 | 29,384,164 | |
Freedom Mortgage Corp., Sr. Unsec’d. Notes, 144A | 7.625 | 05/01/26 | 26,490 | 27,019,373 | |
79,726,482 | |||||
Building Materials 2.3% | |||||
Cemex SAB de CV (Mexico), | |||||
Sr. Sec’d. Notes, 144A(a) | 5.450 | 11/19/29 | 31,375 | 34,235,400 | |
Sr. Sec’d. Notes, 144A(a) | 7.375 | 06/05/27 | 2,680 | 3,003,269 | |
Sr. Sec’d. Notes, 144A(a) | 7.750 | 04/16/26 | 1,850 | 1,955,322 | |
Cornerstone Building Brands, Inc., | |||||
Gtd. Notes, 144A(a) | 6.125 | 01/15/29 | 30,435 | 32,211,443 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Building Materials (cont’d.) | |||||
Cornerstone Building Brands, Inc., (cont’d.) | |||||
Gtd. Notes, 144A(a) | 8.000 % | 04/15/26 | 53,924 | $56,780,287 | |
CP Atlas Buyer, Inc., Sr. Unsec’d. Notes, 144A | 7.000 | 12/01/28 | 3,475 | 3,597,016 | |
Forterra Finance LLC/FRTA Finance Corp., Sr. Sec’d. Notes, 144A | 6.500 | 07/15/25 | 6,875 | 7,345,915 | |
Griffon Corp., Gtd. Notes(a) | 5.750 | 03/01/28 | 45,295 | 47,993,765 | |
JELD-WEN, Inc., | |||||
Gtd. Notes, 144A(a) | 4.625 | 12/15/25 | 15,940 | 16,276,086 | |
Gtd. Notes, 144A(a) | 4.875 | 12/15/27 | 12,334 | 12,985,314 | |
Sr. Sec’d. Notes, 144A | 6.250 | 05/15/25 | 7,670 | 8,268,801 | |
Masonite International Corp., | |||||
Gtd. Notes, 144A | 5.375 | 02/01/28 | 1,906 | 2,032,033 | |
Gtd. Notes, 144A | 5.750 | 09/15/26 | 10,249 | 10,742,524 | |
Patrick Industries, Inc., Gtd. Notes, 144A | 7.500 | 10/15/27 | 13,875 | 15,076,881 | |
SRM Escrow Issuer LLC, Sr. Sec’d. Notes, 144A | 6.000 | 11/01/28 | 34,625 | 35,894,291 | |
Standard Industries, Inc., | |||||
Sr. Unsec’d. Notes, 144A(a) | 3.375 | 01/15/31 | 23,125 | 23,207,140 | |
Sr. Unsec’d. Notes, 144A | 4.375 | 07/15/30 | 31,750 | 33,557,135 | |
Sr. Unsec’d. Notes, 144A | 4.750 | 01/15/28 | 23,160 | 24,340,357 | |
Sr. Unsec’d. Notes, 144A | 5.000 | 02/15/27 | 23,535 | 24,716,133 | |
Summit Materials LLC/Summit Materials Finance Corp., | |||||
Gtd. Notes, 144A | 5.125 | 06/01/25 | 7,235 | 7,365,523 | |
Gtd. Notes, 144A(a) | 5.250 | 01/15/29 | 16,560 | 17,319,260 | |
Gtd. Notes, 144A | 6.500 | 03/15/27 | 4,845 | 5,147,814 | |
U.S. Concrete, Inc., | |||||
Gtd. Notes(a) | 6.375 | 06/01/24 | 29,958 | 30,937,933 | |
Gtd. Notes, 144A | 5.125 | 03/01/29 | 22,346 | 23,014,009 | |
478,003,651 | |||||
Chemicals 3.5% | |||||
Ashland LLC, Gtd. Notes | 6.875 | 05/15/43 | 36,370 | 47,890,220 | |
Atotech Alpha 2 BV (Germany), Sr. Unsec’d. Notes, 144A, Cash coupon 8.750% or PIK 9.500%(a) | 8.750 | 06/01/23 | 32,554 | 32,829,613 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Chemicals (cont’d.) | |||||
Atotech Alpha 3 BV/Alpha US Bidco, Inc. (United Kingdom), Gtd. Notes, 144A | 6.250 % | 02/01/25 | 17,999 | $18,339,160 | |
Axalta Coating Systems LLC, Gtd. Notes, 144A | 3.375 | 02/15/29 | 16,125 | 16,253,265 | |
Chemours Co. (The), | |||||
Gtd. Notes(a) | 5.375 | 05/15/27 | 24,840 | 25,837,029 | |
Gtd. Notes(a) | 7.000 | 05/15/25 | 45,736 | 47,334,005 | |
Gtd. Notes, 144A | 5.750 | 11/15/28 | 37,300 | 37,951,806 | |
Cornerstone Chemical Co., Sr. Sec’d. Notes, 144A | 6.750 | 08/15/24 | 19,348 | 18,187,120 | |
HB Fuller Co., Sr. Unsec’d. Notes(a) | 4.250 | 10/15/28 | 11,625 | 11,959,232 | |
Hexion, Inc., Gtd. Notes, 144A(a) | 7.875 | 07/15/27 | 45,016 | 48,442,740 | |
Ingevity Corp., Gtd. Notes, 144A | 3.875 | 11/01/28 | 12,675 | 12,916,798 | |
Minerals Technologies, Inc., Gtd. Notes, 144A(a) | 5.000 | 07/01/28 | 15,080 | 15,646,958 | |
Nouryon Holding BV (Netherlands), Sr. Unsec’d. Notes, 144A(a) | 8.000 | 10/01/26 | 39,610 | 42,393,752 | |
NOVA Chemicals Corp. (Canada), | |||||
Sr. Unsec’d. Notes, 144A(a) | 4.875 | 06/01/24 | 3,395 | 3,530,390 | |
Sr. Unsec’d. Notes, 144A(a) | 5.000 | 05/01/25 | 7,100 | 7,382,134 | |
Sr. Unsec’d. Notes, 144A(a) | 5.250 | 06/01/27 | 46,094 | 48,043,878 | |
Olin Corp., Sr. Unsec’d. Notes, 144A(a) | 9.500 | 06/01/25 | 12,460 | 15,317,311 | |
Rain CII Carbon LLC/CII Carbon Corp., Sec’d. Notes, 144A | 7.250 | 04/01/25 | 28,254 | 28,137,044 | |
TPC Group, Inc., Sr. Sec’d. Notes, 144A | 10.500 | 08/01/24 | 68,803 | 55,040,932 | |
Tronox Finance PLC, Gtd. Notes, 144A(a) | 5.750 | 10/01/25 | 55,357 | 57,242,405 | |
Tronox, Inc., | |||||
Gtd. Notes, 144A(a) | 6.500 | 04/15/26 | 47,340 | 49,125,484 | |
Sr. Sec’d. Notes, 144A | 6.500 | 05/01/25 | 18,785 | 20,005,198 | |
Valvoline, Inc., | |||||
Gtd. Notes | 4.375 | 08/15/25 | 8,270 | 8,546,247 | |
Gtd. Notes, 144A | 4.250 | 02/15/30 | 7,760 | 8,206,003 | |
Venator Finance Sarl/Venator Materials LLC, | |||||
Gtd. Notes, 144A(a) | 5.750 | 07/15/25 | 38,522 | 33,797,219 | |
Sr. Sec’d. Notes, 144A | 9.500 | 07/01/25 | 15,185 | 16,604,542 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Chemicals (cont’d.) | |||||
W.R. Grace & Co.-Conn., Gtd. Notes, 144A(a) | 4.875 % | 06/15/27 | 17,304 | $18,232,860 | |
745,193,345 | |||||
Commercial Services 4.1% | |||||
Allied Universal Holdco LLC/Allied Universal Finance Corp., | |||||
Sr. Sec’d. Notes, 144A(a) | 6.625 | 07/15/26 | 36,195 | 38,919,645 | |
Sr. Unsec’d. Notes, 144A(a) | 9.750 | 07/15/27 | 45,087 | 49,991,905 | |
AMN Healthcare, Inc., | |||||
Gtd. Notes, 144A | 4.000 | 04/15/29 | 9,200 | 9,428,512 | |
Gtd. Notes, 144A | 4.625 | 10/01/27 | 23,200 | 24,282,289 | |
Brink’s Co. (The), | |||||
Gtd. Notes, 144A(a) | 4.625 | 10/15/27 | 1,000 | 1,053,503 | |
Gtd. Notes, 144A(a) | 5.500 | 07/15/25 | 23,530 | 25,129,817 | |
Gartner, Inc., | |||||
Gtd. Notes, 144A(a) | 3.750 | 10/01/30 | 9,900 | 10,297,211 | |
Gtd. Notes, 144A(a) | 4.500 | 07/01/28 | 7,880 | 8,313,400 | |
Laureate Education, Inc., Gtd. Notes, 144A(a) | 8.250 | 05/01/25 | 110,170 | 117,102,225 | |
Nielsen Co. Luxembourg SARL (The), Gtd. Notes, 144A | 5.500 | 10/01/21 | 2,005 | 2,008,938 | |
Nielsen Finance LLC/Nielsen Finance Co., | |||||
Gtd. Notes, 144A(a) | 5.000 | 04/15/22 | 16,744 | 16,796,884 | |
Gtd. Notes, 144A(a) | 5.625 | 10/01/28 | 20,750 | 22,128,646 | |
Gtd. Notes, 144A(a) | 5.875 | 10/01/30 | 12,980 | 14,276,082 | |
Refinitiv US Holdings, Inc., | |||||
Gtd. Notes, 144A(a) | 8.250 | 11/15/26 | 137,865 | 150,294,775 | |
Sr. Sec’d. Notes, 144A | 6.250 | 05/15/26 | 1,285 | 1,375,056 | |
Sabre GLBL, Inc., | |||||
Sr. Sec’d. Notes, 144A(a) | 5.250 | 11/15/23 | 8,969 | 9,044,512 | |
Sr. Sec’d. Notes, 144A(a) | 7.375 | 09/01/25 | 5,980 | 6,440,502 | |
Service Corp. International, Sr. Unsec’d. Notes(a) | 3.375 | 08/15/30 | 9,990 | 10,244,538 | |
Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., Gtd. Notes, 144A | 4.625 | 11/01/26 | 6,035 | 6,267,088 | |
United Rentals North America, Inc., | |||||
Gtd. Notes(a) | 3.875 | 02/15/31 | 34,675 | 36,249,932 | |
Gtd. Notes(a) | 4.000 | 07/15/30 | 34,942 | 36,902,699 | |
Gtd. Notes(a) | 4.875 | 01/15/28 | 68,410 | 73,001,137 | |
Gtd. Notes(a) | 5.250 | 01/15/30 | 50,065 | 55,925,215 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Commercial Services (cont’d.) | |||||
United Rentals North America, Inc., (cont’d.) | |||||
Gtd. Notes(a) | 5.500 % | 05/15/27 | 12,780 | $13,727,100 | |
Gtd. Notes(a) | 5.875 | 09/15/26 | 37,504 | 39,781,146 | |
Verscend Escrow Corp., Sr. Unsec’d. Notes, 144A(a) | 9.750 | 08/15/26 | 84,593 | 91,970,126 | |
870,952,883 | |||||
Computers 1.5% | |||||
Banff Merger Sub, Inc., Sr. Unsec’d. Notes, 144A(a) | 9.750 | 09/01/26 | 109,223 | 116,938,203 | |
Dell International LLC/EMC Corp., Gtd. Notes, 144A(a) | 5.875 | 06/15/21 | 5,792 | 5,801,779 | |
Everi Payments, Inc., Gtd. Notes, 144A(a) | 7.500 | 12/15/25 | 57,151 | 58,534,535 | |
NCR Corp., | |||||
Gtd. Notes, 144A | 5.000 | 10/01/28 | 15,425 | 15,986,306 | |
Gtd. Notes, 144A(a) | 5.250 | 10/01/30 | 12,825 | 13,537,780 | |
Gtd. Notes, 144A | 5.750 | 09/01/27 | 11,642 | 12,293,347 | |
Gtd. Notes, 144A(a) | 8.125 | 04/15/25 | 7,180 | 8,011,529 | |
Tempo Acquisition LLC/Tempo Acquisition Finance Corp., | |||||
Sr. Sec’d. Notes, 144A(a) | 5.750 | 06/01/25 | 8,350 | 8,877,937 | |
Sr. Unsec’d. Notes, 144A | 6.750 | 06/01/25 | 70,564 | 72,401,863 | |
312,383,279 | |||||
Distribution/Wholesale 0.8% | |||||
Avient Corp., Sr. Unsec’d. Notes, 144A | 5.750 | 05/15/25 | 8,225 | 8,786,181 | |
Core & Main Holdings LP, Sr. Unsec’d. Notes, 144A, Cash coupon 8.625% or PIK 9.375%(a) | 8.625 | 09/15/24 | 52,249 | 53,336,555 | |
H&E Equipment Services, Inc., | |||||
Gtd. Notes(a) | 5.625 | 09/01/25 | 25,003 | 26,120,488 | |
Sr. Unsec’d. Notes, 144A | 3.875 | 12/15/28 | 55,675 | 55,675,000 | |
Performance Food Group, Inc., Gtd. Notes, 144A(a) | 5.500 | 10/15/27 | 10,640 | 11,328,385 | |
Univar Solutions USA, Inc., Gtd. Notes, 144A | 5.125 | 12/01/27 | 6,100 | 6,435,912 | |
161,682,521 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Diversified Financial Services 2.3% | |||||
Alliance Data Systems Corp., Gtd. Notes, 144A | 4.750 % | 12/15/24 | 24,123 | $23,163,505 | |
Ally Financial, Inc., | |||||
Gtd. Notes(a) | 8.000 | 11/01/31 | 825 | 1,183,142 | |
Sub. Notes | 5.750 | 11/20/25 | 4,430 | 5,165,004 | |
Fairstone Financial, Inc. (Canada), Sr. Unsec’d. Notes, 144A | 7.875 | 07/15/24 | 14,550 | 15,412,876 | |
LPL Holdings, Inc., Gtd. Notes, 144A | 5.750 | 09/15/25 | 36,920 | 38,204,351 | |
Nationstar Mortgage Holdings, Inc., | |||||
Gtd. Notes, 144A(a) | 5.500 | 08/15/28 | 2,935 | 3,054,782 | |
Gtd. Notes, 144A | 6.000 | 01/15/27 | 43,670 | 45,303,263 | |
Gtd. Notes, 144A | 9.125 | 07/15/26 | 107,282 | 115,238,918 | |
OneMain Finance Corp., | |||||
Gtd. Notes | 5.375 | 11/15/29 | 8,190 | 8,939,589 | |
Gtd. Notes(a) | 6.625 | 01/15/28 | 51,436 | 59,766,539 | |
Gtd. Notes | 6.875 | 03/15/25 | 33,675 | 38,621,851 | |
Gtd. Notes | 7.125 | 03/15/26 | 71,010 | 81,753,163 | |
Gtd. Notes | 8.250 | 10/01/23 | 1,568 | 1,778,470 | |
Park Aerospace Holdings Ltd. (Ireland), | |||||
Gtd. Notes, 144A | 4.500 | 03/15/23 | 6,666 | 6,951,587 | |
Gtd. Notes, 144A | 5.500 | 02/15/24 | 6,740 | 7,197,684 | |
PennyMac Financial Services, Inc., Gtd. Notes, 144A | 5.375 | 10/15/25 | 24,700 | 25,750,030 | |
Quicken Loans LLC/Quicken Loans Co-Issuer, Inc., Gtd. Notes, 144A(a) | 3.875 | 03/01/31 | 21,450 | 21,744,937 | |
499,229,691 | |||||
Electric 3.4% | |||||
Calpine Corp., | |||||
Sr. Sec’d. Notes, 144A | 4.500 | 02/15/28 | 17,483 | 18,073,868 | |
Sr. Sec’d. Notes, 144A(a) | 5.250 | 06/01/26 | 8,492 | 8,796,341 | |
Sr. Unsec’d. Notes, 144A(a) | 4.625 | 02/01/29 | 56,385 | 58,296,202 | |
Sr. Unsec’d. Notes, 144A(a) | 5.000 | 02/01/31 | 71,254 | 75,093,253 | |
Sr. Unsec’d. Notes, 144A | 5.125 | 03/15/28 | 158,276 | 166,426,924 | |
Keystone Power Pass-Through Holders LLC/Conemaugh Power Pass-Through Holders, | |||||
Gtd. Notes, 144A | 9.000 | 12/01/23 | 4,106 | 3,900,524 | |
Sub. Notes, 144A, Cash coupon 13.000% or PIK 13.000% | 13.000 | 06/01/24 | 9,187 | 7,533,449 | |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Electric (cont’d.) | |||||
Mirant Corp., Sr. Unsec’d. Notes, 144A^ | 7.400 % | 07/15/49(d) | 2,675 | $2,675 | |
NRG Energy, Inc., | |||||
Gtd. Notes(a) | 5.750 | 01/15/28 | 10,750 | 11,727,953 | |
Gtd. Notes | 6.625 | 01/15/27 | 45,508 | 47,974,451 | |
Gtd. Notes | 7.250 | 05/15/26 | 6,160 | 6,531,522 | |
Gtd. Notes, 144A(a) | 5.250 | 06/15/29 | 3,905 | 4,256,673 | |
PG&E Corp., | |||||
Sr. Sec’d. Notes(a) | 5.000 | 07/01/28 | 30,155 | 32,202,614 | |
Sr. Sec’d. Notes(a) | 5.250 | 07/01/30 | 92,565 | 100,858,045 | |
Vistra Operations Co. LLC, | |||||
Gtd. Notes, 144A(a) | 5.000 | 07/31/27 | 61,052 | 64,382,421 | |
Gtd. Notes, 144A(a) | 5.500 | 09/01/26 | 34,787 | 36,406,594 | |
Gtd. Notes, 144A | 5.625 | 02/15/27 | 83,978 | 88,743,976 | |
731,207,485 | |||||
Electrical Components & Equipment 0.2% | |||||
WESCO Distribution, Inc., | |||||
Gtd. Notes, 144A(a) | 7.125 | 06/15/25 | 20,530 | 22,439,175 | |
Gtd. Notes, 144A(a) | 7.250 | 06/15/28 | 21,840 | 24,527,129 | |
46,966,304 | |||||
Electronics 0.2% | |||||
Brightstar Escrow Corp., Sr. Sec’d. Notes, 144A | 9.750 | 10/15/25 | 14,325 | 14,799,322 | |
Itron, Inc., Gtd. Notes, 144A | 5.000 | 01/15/26 | 6,325 | 6,472,532 | |
Sensata Technologies BV, | |||||
Gtd. Notes, 144A(a) | 4.875 | 10/15/23 | 9,193 | 9,905,911 | |
Gtd. Notes, 144A(a) | 5.000 | 10/01/25 | 1,225 | 1,360,543 | |
Gtd. Notes, 144A(a) | 5.625 | 11/01/24 | 950 | 1,064,003 | |
Sensata Technologies, Inc., Gtd. Notes, 144A | 3.750 | 02/15/31 | 9,200 | 9,308,340 | |
42,910,651 | |||||
Energy-Alternate Sources 0.1% | |||||
Enviva Partners LP/Enviva Partners Finance Corp., Gtd. Notes, 144A(a) | 6.500 | 01/15/26 | 12,059 | 12,885,547 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Engineering & Construction 0.6% | |||||
AECOM, | |||||
Gtd. Notes(a) | 5.125 % | 03/15/27 | 45,777 | $51,157,537 | |
Gtd. Notes | 5.875 | 10/15/24 | 18,429 | 20,458,245 | |
PowerTeam Services LLC, Sr. Sec’d. Notes, 144A | 9.033 | 12/04/25 | 21,800 | 23,920,981 | |
TopBuild Corp., Gtd. Notes, 144A | 5.625 | 05/01/26 | 31,792 | 32,980,876 | |
128,517,639 | |||||
Entertainment 4.1% | |||||
AMC Entertainment Holdings, Inc., | |||||
Sec’d. Notes, 144A, Cash coupon 10.000% / PIK 12.000% or Cash coupon 5.000% and PIK 6.000% | 12.000 | 06/15/26 | 74,821 | 19,747,048 | |
Sr. Sec’d. Notes, 144A | 10.500 | 04/24/26 | 13,814 | 10,351,478 | |
Bally’s Corp., Gtd. Notes, 144A | 6.750 | 06/01/27 | 65,662 | 68,584,627 | |
Caesars Entertainment, Inc., | |||||
Sr. Sec’d. Notes, 144A(a) | 6.250 | 07/01/25 | 14,150 | 15,065,536 | |
Sr. Unsec’d. Notes, 144A(a) | 8.125 | 07/01/27 | 35,663 | 39,199,090 | |
Caesars Resort Collection LLC/CRC Finco, Inc., | |||||
Gtd. Notes, 144A(a) | 5.250 | 10/15/25 | 116,737 | 117,287,416 | |
Sr. Sec’d. Notes, 144A | 5.750 | 07/01/25 | 3,850 | 4,072,909 | |
CCM Merger, Inc., Sr. Unsec’d. Notes, 144A | 6.375 | 05/01/26 | 8,200 | 8,548,619 | |
Cedar Fair LP, Gtd. Notes(a) | 5.250 | 07/15/29 | 22,061 | 22,601,366 | |
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp., Gtd. Notes(a) | 5.375 | 06/01/24 | 3,861 | 3,868,410 | |
Golden Entertainment, Inc., Sr. Unsec’d. Notes, 144A(a) | 7.625 | 04/15/26 | 48,778 | 50,563,100 | |
International Game Technology PLC, | |||||
Sr. Sec’d. Notes, 144A(a) | 5.250 | 01/15/29 | 18,950 | 20,047,044 | |
Sr. Sec’d. Notes, 144A(a) | 6.250 | 01/15/27 | 24,370 | 27,121,221 | |
Sr. Sec’d. Notes, 144A(a) | 6.500 | 02/15/25 | 13,581 | 14,988,462 | |
Jacobs Entertainment, Inc., Sec’d. Notes, 144A | 7.875 | 02/01/24 | 41,912 | 42,509,404 | |
Merlin Entertainments Ltd. (United Kingdom), Sec’d. Notes, 144A(a) | 5.750 | 06/15/26 | 2,450 | 2,560,244 | |
Motion Bondco DAC (United Kingdom), Gtd. Notes, 144A(a) | 6.625 | 11/15/27 | 38,511 | 38,376,014 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Entertainment (cont’d.) | |||||
Peninsula Pacific Entertainment LLC/Peninsula Pacific Entertainment Finance Inc.,, Sr. Unsec’d. Notes, 144A(a) | 8.500 % | 11/15/27 | 25,700 | $27,307,564 | |
Penn National Gaming, Inc., Sr. Unsec’d. Notes, 144A(a) | 5.625 | 01/15/27 | 54,234 | 56,430,363 | |
Scientific Games International, Inc., | |||||
Gtd. Notes | 5.500 | 02/15/26 | EUR | 11,350 | 13,404,808 |
Gtd. Notes, 144A | 7.000 | 05/15/28 | 38,058 | 39,642,806 | |
Gtd. Notes, 144A | 7.250 | 11/15/29 | 8,311 | 8,828,416 | |
Gtd. Notes, 144A(a) | 8.250 | 03/15/26 | 86,015 | 92,214,526 | |
Gtd. Notes, 144A(a) | 8.625 | 07/01/25 | 44,575 | 48,145,917 | |
Sr. Sec’d. Notes, 144A(a) | 5.000 | 10/15/25 | 2,100 | 2,155,757 | |
Six Flags Entertainment Corp., | |||||
Gtd. Notes, 144A(a) | 4.875 | 07/31/24 | 32,838 | 32,661,276 | |
Gtd. Notes, 144A(a) | 5.500 | 04/15/27 | 17,407 | 17,618,691 | |
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp., | |||||
Gtd. Notes, 144A(a) | 5.125 | 10/01/29 | 9,080 | 9,234,846 | |
Sr. Unsec’d. Notes, 144A(a) | 7.750 | 04/15/25 | 18,362 | 19,777,377 | |
872,914,335 | |||||
Foods 1.8% | |||||
Albertson’s Cos., Inc./Safeway, Inc./New Albertson’s LP/Albertson’s LLC, | |||||
Gtd. Notes, 144A(a) | 3.500 | 03/15/29 | 39,200 | 39,091,045 | |
Gtd. Notes, 144A | 4.625 | 01/15/27 | 5,945 | 6,257,920 | |
Gtd. Notes, 144A(a) | 4.875 | 02/15/30 | 8,705 | 9,520,659 | |
B&G Foods, Inc., | |||||
Gtd. Notes(a) | 5.250 | 04/01/25 | 5,202 | 5,397,376 | |
Gtd. Notes(a) | 5.250 | 09/15/27 | 22,213 | 23,207,613 | |
JBS USA LUX SA/JBS USA Finance, Inc., | |||||
Gtd. Notes, 144A(a) | 5.750 | 06/15/25 | 43,822 | 45,137,642 | |
Gtd. Notes, 144A | 6.750 | 02/15/28 | 15,000 | 16,762,216 | |
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc., | |||||
Gtd. Notes, 144A(a) | 6.500 | 04/15/29 | 41,675 | 47,729,579 | |
Sr. Unsec’d. Notes, 144A(a) | 5.500 | 01/15/30 | 28,073 | 31,572,280 | |
Lamb Weston Holdings, Inc., Gtd. Notes, 144A | 4.875 | 05/15/28 | 815 | 904,650 | |
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 | 12,188,339 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Foods (cont’d.) | |||||
Pilgrim’s Pride Corp., | |||||
Gtd. Notes | 5.750 % | 03/15/25 | 200 | $205,294 | |
Gtd. Notes, 144A | 5.750 | 03/15/25 | 15,091 | 15,490,447 | |
Gtd. Notes, 144A(a) | 5.875 | 09/30/27 | 44,040 | 47,422,712 | |
Post Holdings, Inc., | |||||
Gtd. Notes, 144A(a) | 4.625 | 04/15/30 | 5,945 | 6,206,373 | |
Gtd. Notes, 144A(a) | 5.500 | 12/15/29 | 18,004 | 19,668,528 | |
Gtd. Notes, 144A(a) | 5.625 | 01/15/28 | 8,426 | 8,963,516 | |
SEG Holding LLC/SEG Finance Corp., Sr. Sec’d. Notes, 144A | 5.625 | 10/15/28 | 1,450 | 1,518,787 | |
US Foods, Inc., Gtd. Notes, 144A(a) | 5.875 | 06/15/24 | 50,792 | 51,382,059 | |
388,627,035 | |||||
Gas 0.8% | |||||
AmeriGas Partners LP/AmeriGas Finance Corp., | |||||
Sr. Unsec’d. Notes(a) | 5.500 | 05/20/25 | 56,138 | 61,714,272 | |
Sr. Unsec’d. Notes | 5.625 | 05/20/24 | 29,579 | 32,319,661 | |
Sr. Unsec’d. Notes | 5.750 | 05/20/27 | 38,343 | 43,701,695 | |
Sr. Unsec’d. Notes | 5.875 | 08/20/26 | 34,594 | 38,894,349 | |
176,629,977 | |||||
Healthcare-Services 3.9% | |||||
Acadia Healthcare Co., Inc., | |||||
Gtd. Notes | 5.625 | 02/15/23 | 9,013 | 9,070,026 | |
Gtd. Notes | 6.500 | 03/01/24 | 4,332 | 4,443,718 | |
Centene Corp., Sr. Unsec’d. Notes(a) | 4.250 | 12/15/27 | 10,940 | 11,652,016 | |
DaVita, Inc., | |||||
Gtd. Notes, 144A(a) | 3.750 | 02/15/31 | 22,344 | 22,277,602 | |
Gtd. Notes, 144A(a) | 4.625 | 06/01/30 | 32,180 | 33,896,937 | |
Encompass Health Corp., | |||||
Gtd. Notes(a) | 4.625 | 04/01/31 | 6,775 | 7,225,135 | |
Gtd. Notes | 4.750 | 02/01/30 | 3,145 | 3,347,988 | |
HCA, Inc., | |||||
Gtd. Notes(a) | 3.500 | 09/01/30 | 4,497 | 4,658,847 | |
Gtd. Notes(a) | 5.375 | 02/01/25 | 26,507 | 29,661,323 | |
Gtd. Notes(a) | 5.625 | 09/01/28 | 35,812 | 42,069,240 | |
Gtd. Notes | 5.875 | 02/15/26 | 257 | 295,865 | |
Gtd. Notes | 5.875 | 02/01/29 | 8,782 | 10,503,343 | |
Gtd. Notes | 7.500 | 12/15/23 | 12,480 | 14,289,688 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Healthcare-Services (cont’d.) | |||||
Legacy LifePoint Health LLC, Sr. Sec’d. Notes, 144A | 6.750 % | 04/15/25 | 15,485 | $16,532,866 | |
MEDNAX, Inc., | |||||
Gtd. Notes, 144A | 5.250 | 12/01/23 | 33,678 | 34,057,758 | |
Gtd. Notes, 144A(a) | 6.250 | 01/15/27 | 9,926 | 10,624,515 | |
Prime Healthcare Services, Inc., Sr. Sec’d. Notes, 144A | 7.250 | 11/01/25 | 16,325 | 17,060,906 | |
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc., Gtd. Notes, 144A(a) | 9.750 | 12/01/26 | 113,742 | 124,995,627 | |
Surgery Center Holdings, Inc., | |||||
Gtd. Notes, 144A(a) | 6.750 | 07/01/25 | 22,427 | 22,885,728 | |
Gtd. Notes, 144A(a) | 10.000 | 04/15/27 | 24,211 | 26,508,593 | |
Tenet Healthcare Corp., | |||||
Gtd. Notes, 144A(a) | 6.125 | 10/01/28 | 112,874 | 114,446,907 | |
Sec’d. Notes(a) | 5.125 | 05/01/25 | 2,002 | 2,022,754 | |
Sec’d. Notes, 144A(a) | 6.250 | 02/01/27 | 52,853 | 55,474,124 | |
Sr. Sec’d. Notes(a) | 4.625 | 07/15/24 | 10,500 | 10,704,654 | |
Sr. Sec’d. Notes, 144A(a) | 4.625 | 06/15/28 | 16,233 | 16,768,057 | |
Sr. Sec’d. Notes, 144A(a) | 4.875 | 01/01/26 | 15,435 | 15,977,874 | |
Sr. Sec’d. Notes, 144A | 7.500 | 04/01/25 | 11,625 | 12,725,797 | |
Sr. Unsec’d. Notes(a) | 6.750 | 06/15/23 | 46,169 | 49,591,961 | |
Sr. Unsec’d. Notes(a) | 6.875 | 11/15/31 | 20,500 | 21,100,227 | |
Sr. Unsec’d. Notes(a) | 7.000 | 08/01/25 | 86,886 | 89,731,759 | |
834,601,835 | |||||
Home Builders 4.0% | |||||
Ashton Woods USA LLC/Ashton Woods Finance Co., | |||||
Sr. Unsec’d. Notes, 144A | 6.625 | 01/15/28 | 9,349 | 9,696,077 | |
Sr. Unsec’d. Notes, 144A | 6.750 | 08/01/25 | 30,571 | 31,848,183 | |
Sr. Unsec’d. Notes, 144A | 9.875 | 04/01/27 | 27,641 | 31,006,393 | |
Beazer Homes USA, Inc., | |||||
Gtd. Notes(a) | 5.875 | 10/15/27 | 45,583 | 47,964,169 | |
Gtd. Notes | 6.750 | 03/15/25 | 31,376 | 32,631,040 | |
Gtd. Notes | 7.250 | 10/15/29 | 68,605 | 76,957,149 | |
Brookfield Residential Properties, Inc./Brookfield Residential US Corp. (Canada), | |||||
Gtd. Notes, 144A | 4.875 | 02/15/30 | 20,405 | 20,241,926 | |
Gtd. Notes, 144A | 6.250 | 09/15/27 | 31,387 | 33,160,026 | |
Gtd. Notes, 144A | 6.375 | 05/15/25 | 47,550 | 49,325,942 | |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Home Builders (cont’d.) | |||||
Century Communities, Inc., Gtd. Notes | 6.750 % | 06/01/27 | 29,713 | $31,960,981 | |
Forestar Group, Inc., | |||||
Gtd. Notes, 144A | 5.000 | 03/01/28 | 11,350 | 11,452,177 | |
Gtd. Notes, 144A | 8.000 | 04/15/24 | 27,797 | 29,292,090 | |
KB Home, | |||||
Gtd. Notes(a) | 4.800 | 11/15/29 | 15,008 | 16,604,094 | |
Gtd. Notes | 6.875 | 06/15/27 | 25,375 | 29,957,503 | |
Gtd. Notes | 7.000 | 12/15/21 | 787 | 820,699 | |
Gtd. Notes(a) | 7.500 | 09/15/22 | 525 | 577,747 | |
Gtd. Notes(a) | 7.625 | 05/15/23 | 8,400 | 9,323,608 | |
Lennar Corp., | |||||
Gtd. Notes(a) | 4.875 | 12/15/23 | 4,075 | 4,497,743 | |
Gtd. Notes | 5.250 | 06/01/26 | 9,250 | 10,937,112 | |
Gtd. Notes | 5.375 | 10/01/22 | 3,675 | 3,957,533 | |
M/I Homes, Inc., | |||||
Gtd. Notes | 4.950 | 02/01/28 | 33,264 | 35,061,284 | |
Gtd. Notes | 5.625 | 08/01/25 | 13,591 | 14,160,512 | |
Mattamy Group Corp. (Canada), | |||||
Sr. Unsec’d. Notes, 144A(a) | 4.625 | 03/01/30 | 32,581 | 34,355,133 | |
Sr. Unsec’d. Notes, 144A(a) | 5.250 | 12/15/27 | 26,381 | 27,997,517 | |
Meritage Homes Corp., | |||||
Gtd. Notes | 5.125 | 06/06/27 | 23,100 | 25,656,682 | |
Gtd. Notes(a) | 6.000 | 06/01/25 | 14,525 | 16,541,055 | |
New Home Co., Inc. (The), Gtd. Notes, 144A | 7.250 | 10/15/25 | 10,250 | 10,588,552 | |
Shea Homes LP/Shea Homes Funding Corp., Sr. Unsec’d. Notes, 144A(a) | 4.750 | 02/15/28 | 13,656 | 14,137,441 | |
STL Holding Co. LLC, Sr. Unsec’d. Notes, 144A | 7.500 | 02/15/26 | 16,550 | 16,931,694 | |
Taylor Morrison Communities, Inc., | |||||
Gtd. Notes, 144A(a) | 5.750 | 01/15/28 | 8,205 | 9,304,702 | |
Gtd. Notes, 144A | 5.875 | 06/15/27 | 36,238 | 41,034,405 | |
Gtd. Notes, 144A | 6.625 | 07/15/27 | 41,673 | 45,221,413 | |
Sr. Unsec’d. Notes, 144A(a) | 5.125 | 08/01/30 | 19,338 | 21,513,525 | |
Taylor Morrison Communities, Inc./Taylor Morrison Holdings II, Inc., | |||||
Gtd. Notes, 144A | 5.625 | 03/01/24 | 23,245 | 24,896,609 | |
Gtd. Notes, 144A | 5.875 | 04/15/23 | 16,125 | 17,033,211 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Home Builders (cont’d.) | |||||
TRI Pointe Group, Inc., Gtd. Notes(a) | 5.700 % | 06/15/28 | 7,855 | $8,928,019 | |
845,573,946 | |||||
Household Products/Wares 0.2% | |||||
Spectrum Brands, Inc., | |||||
Gtd. Notes | 5.750 | 07/15/25 | 23,102 | 23,861,166 | |
Gtd. Notes | 6.125 | 12/15/24 | 2,392 | 2,445,821 | |
Gtd. Notes, 144A(a) | 5.000 | 10/01/29 | 4,975 | 5,371,384 | |
31,678,371 | |||||
Housewares 0.1% | |||||
Scotts Miracle-Gro Co. (The), Gtd. Notes | 4.500 | 10/15/29 | 12,842 | 13,701,007 | |
Internet 0.3% | |||||
Arches Buyer, Inc., Sr. Sec’d. Notes, 144A | 4.250 | 06/01/28 | 10,375 | 10,399,305 | |
Cablevision Lightpath LLC, | |||||
Sr. Sec’d. Notes, 144A | 3.875 | 09/15/27 | 22,351 | 22,576,873 | |
Sr. Unsec’d. Notes, 144A | 5.625 | 09/15/28 | 8,475 | 8,882,073 | |
Netflix, Inc., | |||||
Sr. Unsec’d. Notes | 5.375 | 02/01/21 | 1,446 | 1,455,878 | |
Sr. Unsec’d. Notes, 144A(a) | 3.625 | 06/15/25 | 9,255 | 9,812,777 | |
Zayo Group LLC/Zayo Capital, Inc., Gtd. Notes(a) | 6.000 | 04/01/23 | 13,760 | 13,736,711 | |
66,863,617 | |||||
Iron/Steel 0.2% | |||||
Big River Steel LLC/BRS Finance Corp., Sr. Sec’d. Notes, 144A(a) | 6.625 | 01/31/29 | 38,770 | 41,061,981 | |
Cleveland-Cliffs, Inc., Sr. Sec’d. Notes, 144A | 9.875 | 10/17/25 | 8,231 | 9,598,778 | |
50,660,759 | |||||
Leisure Time 0.3% | |||||
Carnival Corp., Sr. Unsec’d. Notes, 144A | 7.625 | 03/01/26 | 1,125 | 1,191,712 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Leisure Time (cont’d.) | |||||
NCL Corp. Ltd., | |||||
Sr. Sec’d. Notes, 144A(a) | 10.250 % | 02/01/26 | 32,355 | $36,751,792 | |
Sr. Sec’d. Notes, 144A(a) | 12.250 | 05/15/24 | 4,925 | 5,838,800 | |
Sr. Unsec’d. Notes, 144A(a) | 3.625 | 12/15/24 | 21,825 | 19,488,588 | |
Royal Caribbean Cruises Ltd., Sr. Unsec’d. Notes | 5.250 | 11/15/22 | 3,213 | 3,175,797 | |
66,446,689 | |||||
Lodging 2.4% | |||||
Boyd Gaming Corp., | |||||
Gtd. Notes | 4.750 | 12/01/27 | 8,982 | 9,096,533 | |
Gtd. Notes | 6.000 | 08/15/26 | 5,150 | 5,354,462 | |
Gtd. Notes(a) | 6.375 | 04/01/26 | 26,341 | 27,354,487 | |
Gtd. Notes, 144A(a) | 8.625 | 06/01/25 | 26,672 | 29,624,885 | |
Hilton Domestic Operating Co., Inc., | |||||
Gtd. Notes(a) | 4.875 | 01/15/30 | 12,000 | 12,938,900 | |
Gtd. Notes | 5.125 | 05/01/26 | 37,700 | 39,058,323 | |
Gtd. Notes, 144A | 4.000 | 05/01/31 | 31,800 | 33,396,426 | |
Gtd. Notes, 144A | 5.375 | 05/01/25 | 6,155 | 6,508,996 | |
Gtd. Notes, 144A(a) | 5.750 | 05/01/28 | 7,225 | 7,798,254 | |
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp., Gtd. Notes | 4.875 | 04/01/27 | 27,355 | 28,507,706 | |
Marriott International, Inc., | |||||
Sr. Unsec’d. Notes | 2.875 | 03/01/21 | 5,650 | 5,668,046 | |
Sr. Unsec’d. Notes, Series EE(a) | 5.750 | 05/01/25 | 6,275 | 7,271,899 | |
MGM Resorts International, | |||||
Gtd. Notes(a) | 4.625 | 09/01/26 | 3,145 | 3,236,861 | |
Gtd. Notes | 4.750 | 10/15/28 | 42,973 | 44,745,895 | |
Gtd. Notes(a) | 5.500 | 04/15/27 | 33,158 | 35,515,236 | |
Gtd. Notes(a) | 5.750 | 06/15/25 | 11,373 | 12,316,955 | |
Gtd. Notes(a) | 6.000 | 03/15/23 | 1,392 | 1,488,897 | |
Gtd. Notes(a) | 6.750 | 05/01/25 | 68,154 | 73,150,611 | |
Gtd. Notes(a) | 7.750 | 03/15/22 | 13,075 | 13,959,343 | |
Station Casinos LLC, | |||||
Gtd. Notes, 144A | 4.500 | 02/15/28 | 19,609 | 19,318,333 | |
Gtd. Notes, 144A(a) | 5.000 | 10/01/25 | 21,649 | 21,841,543 | |
Wyndham Destinations, Inc., Sr. Sec’d. Notes, 144A | 4.625 | 03/01/30 | 9,425 | 9,735,207 | |
Wynn Macau Ltd. (Macau), | |||||
Sr. Unsec’d. Notes, 144A(a) | 4.875 | 10/01/24 | 11,025 | 11,070,504 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Lodging (cont’d.) | |||||
Wynn Macau Ltd. (Macau), (cont’d.) | |||||
Sr. Unsec’d. Notes, 144A(a) | 5.125 % | 12/15/29 | 15,250 | $15,373,550 | |
Sr. Unsec’d. Notes, 144A | 5.500 | 01/15/26 | 21,200 | 21,448,536 | |
Sr. Unsec’d. Notes, 144A | 5.625 | 08/26/28 | 19,400 | 19,729,358 | |
515,509,746 | |||||
Machinery-Diversified 0.3% | |||||
ATS Automation Tooling Systems, Inc. (Canada), Gtd. Notes, 144A | 6.500 | 06/15/23 | 8,177 | 8,298,926 | |
Maxim Crane Works Holdings Capital LLC, Sec’d. Notes, 144A | 10.125 | 08/01/24 | 51,688 | 53,263,810 | |
61,562,736 | |||||
Media 7.9% | |||||
AMC Networks, Inc., | |||||
Gtd. Notes(a) | 4.750 | 08/01/25 | 21,400 | 22,001,458 | |
Gtd. Notes(a) | 5.000 | 04/01/24 | 4,850 | 4,932,668 | |
CCO Holdings LLC/CCO Holdings Capital Corp., | |||||
Sr. Unsec’d. Notes, 144A | 4.250 | 02/01/31 | 62,145 | 64,453,390 | |
Sr. Unsec’d. Notes, 144A | 4.500 | 05/01/32 | 125,479 | 132,505,459 | |
Sr. Unsec’d. Notes, 144A(a) | 4.750 | 03/01/30 | 15,350 | 16,271,447 | |
Sr. Unsec’d. Notes, 144A(a) | 5.000 | 02/01/28 | 34,296 | 36,166,231 | |
Sr. Unsec’d. Notes, 144A | 5.125 | 05/01/27 | 13,344 | 14,039,023 | |
Sr. Unsec’d. Notes, 144A(a) | 5.375 | 06/01/29 | 31,177 | 34,069,853 | |
Sr. Unsec’d. Notes, 144A | 5.500 | 05/01/26 | 66,079 | 68,814,520 | |
Sr. Unsec’d. Notes, 144A(a) | 5.750 | 02/15/26 | 67,788 | 70,251,848 | |
Sr. Unsec’d. Notes, 144A | 5.875 | 05/01/27 | 27,235 | 28,420,430 | |
Clear Channel Worldwide Holdings, Inc., | |||||
Gtd. Notes(a) | 9.250 | 02/15/24 | 197,575 | 197,703,770 | |
Sr. Sec’d. Notes, 144A(a) | 5.125 | 08/15/27 | 7,480 | 7,554,634 | |
CSC Holdings LLC, | |||||
Gtd. Notes, 144A(a) | 4.125 | 12/01/30 | 21,175 | 21,891,215 | |
Gtd. Notes, 144A | 5.375 | 02/01/28 | 11,490 | 12,205,202 | |
Gtd. Notes, 144A | 5.500 | 05/15/26 | 25,538 | 26,570,512 | |
Gtd. Notes, 144A | 5.500 | 04/15/27 | 13,366 | 14,089,881 | |
Sr. Unsec’d. Notes | 6.750 | 11/15/21 | 5,000 | 5,232,618 | |
Sr. Unsec’d. Notes, 144A(a) | 3.375 | 02/15/31 | 27,213 | 26,450,822 | |
Sr. Unsec’d. Notes, 144A(a) | 4.625 | 12/01/30 | 95,110 | 97,318,837 | |
Sr. Unsec’d. Notes, 144A(a) | 7.500 | 04/01/28 | 18,737 | 20,886,116 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Media (cont’d.) | |||||
Diamond Sports Group LLC/Diamond Sports Finance Co., | |||||
Gtd. Notes, 144A | 6.625 % | 08/15/27 | 223,806 | $128,357,381 | |
Sr. Sec’d. Notes, 144A(a) | 5.375 | 08/15/26 | 49,746 | 38,543,819 | |
DISH DBS Corp., | |||||
Gtd. Notes(a) | 5.000 | 03/15/23 | 7,905 | 8,220,222 | |
Gtd. Notes(a) | 5.875 | 07/15/22 | 4,647 | 4,870,820 | |
Gtd. Notes(a) | 5.875 | 11/15/24 | 3,400 | 3,615,728 | |
Gtd. Notes | 6.750 | 06/01/21 | 11,160 | 11,412,437 | |
Gtd. Notes(a) | 7.375 | 07/01/28 | 33,515 | 36,321,687 | |
Gtd. Notes(a) | 7.750 | 07/01/26 | 86,419 | 98,346,110 | |
Entercom Media Corp., | |||||
Gtd. Notes, 144A(a) | 7.250 | 11/01/24 | 5,301 | 5,111,357 | |
Sec’d. Notes, 144A(a) | 6.500 | 05/01/27 | 20,525 | 19,865,942 | |
Gray Television, Inc., | |||||
Gtd. Notes, 144A(a) | 4.750 | 10/15/30 | 23,025 | 23,335,675 | |
Gtd. Notes, 144A | 5.875 | 07/15/26 | 21,508 | 22,549,530 | |
Gtd. Notes, 144A(a) | 7.000 | 05/15/27 | 12,784 | 14,098,303 | |
iHeartCommunications, Inc., | |||||
Gtd. Notes(a) | 8.375 | 05/01/27 | 18,707 | 19,873,016 | |
Sr. Sec’d. Notes(a) | 6.375 | 05/01/26 | 14,955 | 15,850,490 | |
Midcontinent Communications/Midcontinent Finance Corp., Gtd. Notes, 144A | 5.375 | 08/15/27 | 7,675 | 8,027,780 | |
Nexstar Broadcasting, Inc., | |||||
Gtd. Notes, 144A(a) | 5.625 | 07/15/27 | 6,700 | 7,137,231 | |
Sr. Unsec’d. Notes, 144A(a) | 4.750 | 11/01/28 | 22,925 | 23,608,257 | |
Quebecor Media, Inc. (Canada), Sr. Unsec’d. Notes | 5.750 | 01/15/23 | 12,231 | 13,218,453 | |
Radiate Holdco LLC/Radiate Finance, Inc., | |||||
Sr. Sec’d. Notes, 144A | 4.500 | 09/15/26 | 12,125 | 12,632,382 | |
Sr. Unsec’d. Notes, 144A(a) | 6.500 | 09/15/28 | 29,375 | 31,252,802 | |
Scripps Escrow, Inc., Gtd. Notes, 144A(a) | 5.875 | 07/15/27 | 6,420 | 6,488,990 | |
Sinclair Television Group, Inc., | |||||
Gtd. Notes, 144A(a) | 5.125 | 02/15/27 | 19,245 | 19,047,796 | |
Gtd. Notes, 144A | 5.875 | 03/15/26 | 19,652 | 19,976,342 | |
Sirius XM Radio, Inc., Gtd. Notes, 144A | 5.375 | 07/15/26 | 4,057 | 4,231,733 | |
TEGNA, Inc., Gtd. Notes, 144A(a) | 4.750 | 03/15/26 | 10,650 | 11,305,287 |
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 % | 02/15/25 | 32,730 | $32,950,950 | |
Sr. Sec’d. Notes, 144A(a) | 6.625 | 06/01/27 | 93,971 | 100,508,435 | |
Videotron Ltd. (Canada), Gtd. Notes(a) | 5.000 | 07/15/22 | 650 | 685,395 | |
Virgin Media Finance PLC (United Kingdom), Sr. Unsec’d. Notes, 144A(a) | 5.000 | 07/15/30 | 16,246 | 17,084,049 | |
1,680,358,333 | |||||
Mining 2.8% | |||||
Constellium SE, | |||||
Gtd. Notes, 144A(a) | 5.750 | 05/15/24 | 28,746 | 29,302,086 | |
Gtd. Notes, 144A(a) | 5.875 | 02/15/26 | 27,404 | 28,181,680 | |
Gtd. Notes, 144A(a) | 6.625 | 03/01/25 | 31,167 | 32,173,260 | |
Sr. Unsec’d. Notes, 144A(a) | 5.625 | 06/15/28 | 3,500 | 3,762,131 | |
Eldorado Gold Corp. (Turkey), Sec’d. Notes, 144A(a) | 9.500 | 06/01/24 | 28,434 | 31,272,357 | |
First Quantum Minerals Ltd. (Zambia), | |||||
Gtd. Notes, 144A(a) | 6.500 | 03/01/24 | 50,812 | 51,841,285 | |
Gtd. Notes, 144A(a) | 6.875 | 03/01/26 | 29,557 | 30,556,910 | |
Gtd. Notes, 144A(a) | 6.875 | 10/15/27 | 23,975 | 25,078,644 | |
Gtd. Notes, 144A(a) | 7.250 | 04/01/23 | 27,963 | 28,558,957 | |
Gtd. Notes, 144A | 7.500 | 04/01/25 | 27,636 | 28,668,872 | |
Freeport-McMoRan, Inc., | |||||
Gtd. Notes(a) | 4.375 | 08/01/28 | 29,850 | 31,868,185 | |
Gtd. Notes(a) | 4.550 | 11/14/24 | 31,518 | 34,434,372 | |
Gtd. Notes(a) | 4.625 | 08/01/30 | 30,608 | 34,026,697 | |
Hecla Mining Co., Gtd. Notes | 7.250 | 02/15/28 | 14,190 | 15,306,203 | |
Hudbay Minerals, Inc. (Peru), | |||||
Gtd. Notes, 144A(a) | 6.125 | 04/01/29 | 15,200 | 16,329,464 | |
Gtd. Notes, 144A | 7.625 | 01/15/25 | 9,500 | 9,903,757 | |
IAMGOLD Corp. (Burkina Faso), Gtd. Notes, 144A(a) | 5.750 | 10/15/28 | 22,808 | 22,880,085 | |
New Gold, Inc. (Canada), | |||||
Gtd. Notes, 144A | 6.375 | 05/15/25 | 56,025 | 58,392,193 | |
Sr. Unsec’d. Notes, 144A(a) | 7.500 | 07/15/27 | 32,595 | 35,526,572 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Mining (cont’d.) | |||||
Novelis Corp., | |||||
Gtd. Notes, 144A(a) | 4.750 % | 01/30/30 | 26,164 | $27,748,647 | |
Gtd. Notes, 144A(a) | 5.875 | 09/30/26 | 26,962 | 28,276,755 | |
604,089,112 | |||||
Miscellaneous Manufacturing 1.9% | |||||
Amsted Industries, Inc., | |||||
Gtd. Notes, 144A | 5.625 | 07/01/27 | 9,075 | 9,651,418 | |
Sr. Unsec’d. Notes, 144A | 4.625 | 05/15/30 | 19,034 | 20,157,418 | |
Bombardier, Inc. (Canada), | |||||
Sr. Unsec’d. Notes, 144A | 7.450 | 05/01/34 | 3,925 | 3,181,190 | |
Sr. Unsec’d. Notes, 144A | 7.500 | 12/01/24 | 70,996 | 63,492,983 | |
Sr. Unsec’d. Notes, 144A(a) | 7.500 | 03/15/25 | 56,819 | 48,992,376 | |
Sr. Unsec’d. Notes, 144A(a) | 7.875 | 04/15/27 | 158,131 | 134,760,973 | |
Sr. Unsec’d. Notes, 144A | 8.750 | 12/01/21 | 115,298 | 118,256,936 | |
FXI Holdings, Inc., Sr. Sec’d. Notes, 144A | 7.875 | 11/01/24 | 12,011 | 12,053,248 | |
410,546,542 | |||||
Office/Business Equipment 0.1% | |||||
CDW LLC/CDW Finance Corp., | |||||
Gtd. Notes(a) | 3.250 | 02/15/29 | 13,360 | 13,399,558 | |
Gtd. Notes | 4.125 | 05/01/25 | 10,150 | 10,549,216 | |
23,948,774 | |||||
Oil & Gas 6.4% | |||||
Alta Mesa Holdings LP/Alta Mesa Finance Services Corp., Gtd. Notes | 7.875 | 12/15/24(d) | 104,709 | 69,108 | |
Antero Resources Corp., | |||||
Gtd. Notes | 5.000 | 03/01/25 | 64,900 | 51,733,742 | |
Gtd. Notes | 5.125 | 12/01/22 | 25,123 | 23,708,660 | |
Gtd. Notes | 5.625 | 06/01/23 | 66,340 | 59,639,448 | |
Apache Corp., | |||||
Sr. Unsec’d. Notes | 4.375 | 10/15/28 | 10,750 | 10,943,253 | |
Sr. Unsec’d. Notes | 4.875 | 11/15/27 | 500 | 522,051 | |
Sr. Unsec’d. Notes | 5.100 | 09/01/40 | 13,500 | 13,933,910 | |
Sr. Unsec’d. Notes | 7.750 | 12/15/29 | 3,468 | 3,883,334 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Oil & Gas (cont’d.) | |||||
Ascent Resources Utica Holdings LLC/ARU Finance Corp., | |||||
Gtd. Notes, 144A | 9.000 % | 11/01/27 | 30,497 | $31,984,540 | |
Sr. Unsec’d. Notes, 144A | 7.000 | 11/01/26 | 45,568 | 42,807,755 | |
Citgo Holding, Inc., Sr. Sec’d. Notes, 144A(a) | 9.250 | 08/01/24 | 69,724 | 62,220,222 | |
CITGO Petroleum Corp., | |||||
Sr. Sec’d. Notes, 144A | 6.250 | 08/15/22 | 625 | 609,145 | |
Sr. Sec’d. Notes, 144A | 7.000 | 06/15/25 | 58,830 | 57,359,383 | |
CNX Resources Corp., Gtd. Notes, 144A | 7.250 | 03/14/27 | 78,884 | 83,394,165 | |
CrownRock LP/CrownRock Finance, Inc., Sr. Unsec’d. Notes, 144A(a) | 5.625 | 10/15/25 | 7,487 | 7,628,057 | |
Diamond Offshore Drilling, Inc., Sr. Unsec’d. Notes (original cost $21,010,883; purchased 08/01/17 - 10/23/20)(f) | 7.875 | 08/15/25(d) | 23,400 | 1,934,679 | |
Double Eagle III Midco 1 LLC/Double Eagle Finance Corp., Sr. Unsec’d. Notes, 144A | 7.750 | 12/15/25 | 57,875 | 59,499,408 | |
Endeavor Energy Resources LP/EER Finance, Inc., | |||||
Sr. Unsec’d. Notes, 144A | 5.500 | 01/30/26 | 2,527 | 2,602,438 | |
Sr. Unsec’d. Notes, 144A(a) | 5.750 | 01/30/28 | 41,309 | 43,974,651 | |
Sr. Unsec’d. Notes, 144A(a) | 6.625 | 07/15/25 | 24,064 | 25,659,522 | |
EQT Corp., | |||||
Sr. Unsec’d. Notes(a) | 3.900 | 10/01/27 | 45,378 | 44,947,666 | |
Sr. Unsec’d. Notes | 5.000 | 01/15/29 | 8,150 | 8,615,869 | |
Sr. Unsec’d. Notes | 8.750 | 02/01/30 | 7,738 | 9,788,570 | |
Extraction Oil & Gas, Inc., | |||||
Gtd. Notes, 144A | 5.625 | 02/01/26(d) | 43,817 | 10,310,456 | |
Gtd. Notes, 144A | 7.375 | 05/15/24(d) | 12,915 | 3,053,576 | |
Hilcorp Energy I LP/Hilcorp Finance Co., | |||||
Sr. Unsec’d. Notes, 144A | 5.000 | 12/01/24 | 8,236 | 8,021,820 | |
Sr. Unsec’d. Notes, 144A | 5.750 | 10/01/25 | 30,956 | 30,246,968 | |
Sr. Unsec’d. Notes, 144A | 6.250 | 11/01/28 | 31,180 | 30,860,559 | |
MEG Energy Corp. (Canada), | |||||
Gtd. Notes, 144A | 7.000 | 03/31/24 | 28,395 | 28,567,453 | |
Gtd. Notes, 144A(a) | 7.125 | 02/01/27 | 35,580 | 34,994,731 | |
Sec’d. Notes, 144A | 6.500 | 01/15/25 | 2,239 | 2,285,554 | |
Nabors Industries Ltd., | |||||
Gtd. Notes, 144A | 7.250 | 01/15/26 | 26,955 | 15,111,098 | |
Gtd. Notes, 144A(a) | 7.500 | 01/15/28 | 32,235 | 17,080,946 | |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Oil & Gas (cont’d.) | |||||
Nabors Industries, Inc., Gtd. Notes | 5.750 % | 02/01/25 | 89,970 | $32,941,404 | |
Occidental Petroleum Corp., | |||||
Sr. Unsec’d. Notes(a) | 2.700 | 08/15/22 | 8,136 | 8,006,298 | |
Sr. Unsec’d. Notes(a) | 2.700 | 02/15/23 | 22,475 | 21,591,314 | |
Sr. Unsec’d. Notes(a) | 2.900 | 08/15/24 | 43,020 | 40,103,697 | |
Sr. Unsec’d. Notes(a) | 3.125 | 02/15/22 | 12,050 | 12,015,394 | |
Sr. Unsec’d. Notes | 3.200 | 08/15/26 | 250 | 220,757 | |
Sr. Unsec’d. Notes | 3.450 | 07/15/24 | 13,510 | 12,343,442 | |
Sr. Unsec’d. Notes | 3.500 | 06/15/25 | 2,864 | 2,677,400 | |
Sr. Unsec’d. Notes(a) | 3.500 | 08/15/29 | 1,358 | 1,186,843 | |
Sr. Unsec’d. Notes | 5.550 | 03/15/26 | 13,330 | 13,275,912 | |
Sr. Unsec’d. Notes | 5.875 | 09/01/25 | 5,075 | 5,117,006 | |
Sr. Unsec’d. Notes | 6.625 | 09/01/30 | 24,975 | 26,083,692 | |
Sr. Unsec’d. Notes | 6.950 | 07/01/24 | 875 | 927,939 | |
Sr. Unsec’d. Notes | 7.150 | 05/15/28 | 2,448 | 2,381,475 | |
Sr. Unsec’d. Notes | 8.875 | 07/15/30 | 975 | 1,100,019 | |
Ovintiv, Inc., | |||||
Gtd. Notes | 6.500 | 08/15/34 | 2,029 | 2,178,774 | |
Gtd. Notes | 6.500 | 02/01/38 | 1,000 | 1,061,031 | |
Gtd. Notes | 6.625 | 08/15/37 | 3,250 | 3,432,045 | |
PBF Holding Co. LLC/PBF Finance Corp., Sr. Sec’d. Notes, 144A(a) | 9.250 | 05/15/25 | 25,625 | 25,437,326 | |
Precision Drilling Corp. (Canada), | |||||
Gtd. Notes | 5.250 | 11/15/24 | 20,000 | 13,115,937 | |
Gtd. Notes | 7.750 | 12/15/23 | 5,650 | 4,287,065 | |
Gtd. Notes, 144A(a) | 7.125 | 01/15/26 | 29,218 | 19,288,789 | |
Range Resources Corp., | |||||
Gtd. Notes | 4.875 | 05/15/25 | 56,300 | 52,120,256 | |
Gtd. Notes | 5.000 | 03/15/23 | 10,954 | 10,693,553 | |
Gtd. Notes, 144A(a) | 9.250 | 02/01/26 | 44,901 | 46,618,890 | |
Seven Generations Energy Ltd. (Canada), Gtd. Notes, 144A | 5.375 | 09/30/25 | 1,410 | 1,419,571 | |
Seventy Seven Energy, Inc., Sr. Unsec’d. Notes^ | 6.500 | 07/15/22(d) | 1,800 | 18 | |
Sunoco LP/Sunoco Finance Corp., | |||||
Gtd. Notes(a) | 5.500 | 02/15/26 | 22,660 | 23,374,806 | |
Gtd. Notes(a) | 5.875 | 03/15/28 | 2,425 | 2,604,203 | |
Gtd. Notes, 144A | 4.500 | 05/15/29 | 17,950 | 18,577,758 | |
Transocean, Inc., | |||||
Gtd. Notes, 144A(a) | 7.250 | 11/01/25 | 38,403 | 15,296,444 | |
Gtd. Notes, 144A(a) | 7.500 | 01/15/26 | 30,108 | 8,827,408 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Oil & Gas (cont’d.) | |||||
Transocean, Inc., (cont’d.) | |||||
Gtd. Notes, 144A | 8.000 % | 02/01/27 | 25,070 | $9,777,363 | |
WPX Energy, Inc., | |||||
Sr. Unsec’d. Notes(a) | 5.250 | 09/15/24 | 33,554 | 35,909,955 | |
Sr. Unsec’d. Notes | 5.250 | 10/15/27 | 46,325 | 48,897,506 | |
Sr. Unsec’d. Notes(a) | 5.750 | 06/01/26 | 7,445 | 7,845,332 | |
Sr. Unsec’d. Notes | 5.875 | 06/15/28 | 175 | 188,936 | |
Sr. Unsec’d. Notes | 8.250 | 08/01/23 | 4,165 | 4,746,606 | |
1,363,664,901 | |||||
Packaging & Containers 0.6% | |||||
ARD Finance SA (Luxembourg), Sr. Sec’d. Notes, 144A, Cash coupon 6.500% or PIK 7.250%(a) | 6.500 | 06/30/27 | 27,770 | 29,228,614 | |
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc., | |||||
Sr. Sec’d. Notes, 144A(a) | 4.125 | 08/15/26 | 12,475 | 12,976,530 | |
Sr. Unsec’d. Notes, 144A(a) | 5.250 | 08/15/27 | 26,325 | 27,519,916 | |
Graham Packaging Co., Inc., Gtd. Notes, 144A | 7.125 | 08/15/28 | 8,315 | 8,959,061 | |
Owens-Brockway Glass Container, Inc., | |||||
Gtd. Notes, 144A(a) | 6.375 | 08/15/25 | 5,236 | 5,777,766 | |
Gtd. Notes, 144A(a) | 6.625 | 05/13/27 | 35,277 | 38,386,514 | |
Reynolds Group Issuer, Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer Lu, Sr. Sec’d. Notes, 144A(a) | 5.125 | 07/15/23 | 687 | 695,817 | |
TriMas Corp., Gtd. Notes, 144A | 4.875 | 10/15/25 | 4,780 | 4,878,715 | |
128,422,933 | |||||
Pharmaceuticals 2.3% | |||||
AdaptHealth LLC, Gtd. Notes, 144A | 6.125 | 08/01/28 | 11,780 | 12,717,319 | |
Bausch Health Americas, Inc., | |||||
Gtd. Notes, 144A | 8.500 | 01/31/27 | 17,090 | 18,831,398 | |
Gtd. Notes, 144A | 9.250 | 04/01/26 | 27,850 | 30,887,679 | |
Bausch Health Cos., Inc., | |||||
Gtd. Notes, 144A(a) | 5.000 | 01/30/28 | 45,393 | 45,468,225 | |
Gtd. Notes, 144A | 5.000 | 02/15/29 | 18,875 | 19,011,130 | |
Gtd. Notes, 144A(a) | 5.250 | 01/30/30 | 31,950 | 32,657,116 | |
Gtd. Notes, 144A | 5.250 | 02/15/31 | 17,525 | 17,714,677 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Pharmaceuticals (cont’d.) | |||||
Bausch Health Cos., Inc., (cont’d.) | |||||
Gtd. Notes, 144A | 5.500 % | 03/01/23 | 1,730 | $1,731,786 | |
Gtd. Notes, 144A(a) | 6.125 | 04/15/25 | 96,915 | 99,725,521 | |
Gtd. Notes, 144A(a) | 6.250 | 02/15/29 | 87,490 | 92,713,661 | |
Gtd. Notes, 144A(a) | 7.000 | 01/15/28 | 42,058 | 45,310,607 | |
Gtd. Notes, 144A(a) | 7.250 | 05/30/29 | 21,335 | 23,580,204 | |
Gtd. Notes, 144A | 9.000 | 12/15/25 | 2,000 | 2,196,781 | |
Cheplapharm Arzneimittel GmbH (Germany), Sr. Sec’d. Notes, 144A(a) | 5.500 | 01/15/28 | 7,525 | 7,780,270 | |
Endo Dac/Endo Finance LLC/Endo Finco, Inc., | |||||
Gtd. Notes, 144A(a) | 6.000 | 06/30/28 | 16,648 | 13,252,870 | |
Sec’d. Notes, 144A(a) | 9.500 | 07/31/27 | 10,892 | 11,992,719 | |
P&L Development LLC/PLD Finance Corp., Sr. Sec’d. Notes, 144A | 7.750 | 11/15/25 | 20,617 | 21,821,663 | |
497,393,626 | |||||
Pipelines 3.2% | |||||
Antero Midstream Partners LP/Antero Midstream Finance Corp., | |||||
Gtd. Notes(a) | 5.375 | 09/15/24 | 4,075 | 3,843,077 | |
Gtd. Notes, 144A(a) | 5.750 | 01/15/28 | 39,930 | 35,986,301 | |
Gtd. Notes, 144A | 7.875 | 05/15/26 | 2,725 | 2,732,069 | |
Cheniere Energy, Inc., Sr. Sec’d. Notes, 144A(a) | 4.625 | 10/15/28 | 95,572 | 99,032,040 | |
DCP Midstream Operating LP, | |||||
Gtd. Notes | 5.125 | 05/15/29 | 10,361 | 10,984,949 | |
Gtd. Notes(a) | 5.625 | 07/15/27 | 15,410 | 16,739,393 | |
Gtd. Notes, 144A | 4.750 | 09/30/21 | 8,048 | 8,143,173 | |
Gtd. Notes, 144A(a) | 6.450 | 11/03/36 | 3,455 | 3,513,728 | |
Energy Transfer Operating LP, Jr. Sub. Notes, Series G | 7.125(ff) | –(rr) | 17,825 | 16,409,234 | |
EQM Midstream Partners LP, | |||||
Sr. Unsec’d. Notes | 4.125 | 12/01/26 | 50 | 49,712 | |
Sr. Unsec’d. Notes(a) | 4.750 | 07/15/23 | 10,375 | 10,583,052 | |
Sr. Unsec’d. Notes | 5.500 | 07/15/28 | 2,300 | 2,446,122 | |
Sr. Unsec’d. Notes, 144A | 6.000 | 07/01/25 | 10,370 | 11,061,439 | |
Sr. Unsec’d. Notes, 144A | 6.500 | 07/01/27 | 26,949 | 29,718,944 | |
Global Partners LP/GLP Finance Corp., | |||||
Gtd. Notes(a) | 7.000 | 08/01/27 | 14,055 | 15,052,515 | |
Gtd. Notes, 144A | 6.875 | 01/15/29 | 11,425 | 12,202,288 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Pipelines (cont’d.) | |||||
Hess Midstream Operations LP, | |||||
Gtd. Notes, 144A | 5.125 % | 06/15/28 | 1,800 | $1,844,854 | |
Gtd. Notes, 144A | 5.625 | 02/15/26 | 8,005 | 8,267,257 | |
NGPL PipeCo LLC, | |||||
Sr. Unsec’d. Notes, 144A(a) | 4.875 | 08/15/27 | 4,775 | 5,324,268 | |
Sr. Unsec’d. Notes, 144A | 7.768 | 12/15/37 | 10,486 | 13,868,949 | |
Rattler Midstream LP, Gtd. Notes, 144A(a) | 5.625 | 07/15/25 | 9,325 | 9,868,590 | |
Rockies Express Pipeline LLC, | |||||
Sr. Unsec’d. Notes, 144A | 3.600 | 05/15/25 | 5,500 | 5,638,291 | |
Sr. Unsec’d. Notes, 144A | 6.875 | 04/15/40 | 50,398 | 53,411,332 | |
Sr. Unsec’d. Notes, 144A | 7.500 | 07/15/38 | 7,842 | 8,368,216 | |
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., | |||||
Gtd. Notes, 144A(a) | 4.750 | 10/01/23 | 1,395 | 1,368,162 | |
Gtd. Notes, 144A | 5.500 | 09/15/24 | 17,821 | 17,639,719 | |
Gtd. Notes, 144A(a) | 5.500 | 01/15/28 | 75,902 | 71,970,118 | |
Gtd. Notes, 144A | 6.000 | 03/01/27 | 14,050 | 13,859,913 | |
Gtd. Notes, 144A | 7.500 | 10/01/25 | 5,268 | 5,417,923 | |
Targa Resources Partners LP/Targa Resources Partners Finance Corp., | |||||
Gtd. Notes | 4.250 | 11/15/23 | 8,439 | 8,484,663 | |
Gtd. Notes(a) | 5.000 | 01/15/28 | 9,690 | 10,170,204 | |
Gtd. Notes(a) | 5.125 | 02/01/25 | 3,545 | 3,639,081 | |
Gtd. Notes(a) | 5.375 | 02/01/27 | 14,012 | 14,656,978 | |
Gtd. Notes(a) | 5.875 | 04/15/26 | 9,600 | 10,117,335 | |
Gtd. Notes(a) | 6.500 | 07/15/27 | 12,740 | 13,801,918 | |
Gtd. Notes, 144A(a) | 4.875 | 02/01/31 | 15,591 | 16,578,422 | |
Gtd. Notes, 144A(a) | 5.500 | 03/01/30 | 12,773 | 13,844,772 | |
Western Midstream Operating LP, | |||||
Sr. Unsec’d. Notes | 3.950 | 06/01/25 | 27,809 | 27,796,256 | |
Sr. Unsec’d. Notes(a) | 4.000 | 07/01/22 | 2,366 | 2,409,222 | |
Sr. Unsec’d. Notes | 4.350 | 02/01/25 | 13,120 | 13,089,989 | |
Sr. Unsec’d. Notes(a) | 5.300 | 02/01/30 | 42,019 | 44,876,561 | |
674,811,029 | |||||
Real Estate 0.9% | |||||
Five Point Operating Co. LP/Five Point Capital Corp., Gtd. Notes, 144A(a) | 7.875 | 11/15/25 | 53,052 | 55,781,871 | |
Greystar Real Estate Partners LLC, Sr. Sec’d. Notes, 144A | 5.750 | 12/01/25 | 39,691 | 40,602,393 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Real Estate (cont’d.) | |||||
Howard Hughes Corp. (The), | |||||
Gtd. Notes, 144A(a) | 5.375 % | 03/15/25 | 10,995 | $11,337,051 | |
Gtd. Notes, 144A(a) | 5.375 | 08/01/28 | 23,460 | 24,917,479 | |
Hunt Cos., Inc., Sr. Sec’d. Notes, 144A | 6.250 | 02/15/26 | 49,556 | 50,099,606 | |
182,738,400 | |||||
Real Estate Investment Trusts (REITs) 2.7% | |||||
Diversified Healthcare Trust, | |||||
Gtd. Notes(a) | 9.750 | 06/15/25 | 64,044 | 73,127,060 | |
Sr. Unsec’d. Notes | 6.750 | 12/15/21 | 8,594 | 8,807,793 | |
ESH Hospitality, Inc., | |||||
Gtd. Notes, 144A(a) | 4.625 | 10/01/27 | 10,736 | 10,910,386 | |
Gtd. Notes, 144A(a) | 5.250 | 05/01/25 | 50,267 | 51,517,457 | |
GLP Capital LP/GLP Financing II, Inc., | |||||
Gtd. Notes | 4.000 | 01/15/30 | 8,000 | 8,597,258 | |
Gtd. Notes | 5.300 | 01/15/29 | 150 | 172,944 | |
Gtd. Notes(a) | 5.375 | 11/01/23 | 7,074 | 7,647,047 | |
Gtd. Notes | 5.375 | 04/15/26 | 25,997 | 29,353,296 | |
Gtd. Notes | 5.750 | 06/01/28 | 9,742 | 11,407,042 | |
Host Hotels & Resorts LP, | |||||
Sr. Unsec’d. Notes, Series F(a) | 4.500 | 02/01/26 | 20,440 | 22,033,310 | |
Sr. Unsec’d. Notes, Series H(a) | 3.375 | 12/15/29 | 5,435 | 5,456,815 | |
MGM Growth Properties Operating Partnership LP/MGP Finance Co-Issuer, Inc., | |||||
Gtd. Notes | 4.500 | 09/01/26 | 7,250 | 7,631,492 | |
Gtd. Notes | 4.500 | 01/15/28 | 20,579 | 21,514,243 | |
Gtd. Notes | 5.625 | 05/01/24 | 3,026 | 3,247,090 | |
Gtd. Notes, 144A(a) | 4.625 | 06/15/25 | 6,195 | 6,530,076 | |
MPT Operating Partnership LP/MPT Finance Corp., | |||||
Gtd. Notes | 3.500 | 03/15/31 | 39,925 | 40,587,970 | |
Gtd. Notes(a) | 5.000 | 10/15/27 | 30,728 | 32,499,126 | |
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer, | |||||
Sr. Sec’d. Notes, 144A(a) | 5.875 | 10/01/28 | 44,119 | 46,600,694 | |
Sr. Sec’d. Notes, 144A(a) | 7.500 | 06/01/25 | 70,840 | 76,631,246 | |
RHP Hotel Properties LP/RHP Finance Corp., Gtd. Notes(a) | 5.000 | 04/15/23 | 1,665 | 1,665,874 | |
Sabra Health Care LP, Gtd. Notes | 5.125 | 08/15/26 | 6,308 | 6,970,684 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Real Estate Investment Trusts (REITs) (cont’d.) | |||||
SBA Communications Corp., | |||||
Sr. Unsec’d. Notes(a) | 4.875 % | 09/01/24 | 10,668 | $10,942,339 | |
Sr. Unsec’d. Notes, 144A(a) | 3.875 | 02/15/27 | 12,000 | 12,358,284 | |
VICI Properties LP/VICI Note Co., Inc., | |||||
Gtd. Notes, 144A | 3.750 | 02/15/27 | 372 | 379,783 | |
Gtd. Notes, 144A(a) | 4.125 | 08/15/30 | 3,325 | 3,427,320 | |
Gtd. Notes, 144A | 4.250 | 12/01/26 | 25,400 | 26,343,933 | |
Gtd. Notes, 144A(a) | 4.625 | 12/01/29 | 38,068 | 40,581,916 | |
566,942,478 | |||||
Retail 3.3% | |||||
1011778 BC ULC/New Red Finance, Inc. (Canada), Sec’d. Notes, 144A(a) | 4.000 | 10/15/30 | 70,775 | 70,687,459 | |
Beacon Roofing Supply, Inc., Gtd. Notes, 144A(a) | 4.875 | 11/01/25 | 16,359 | 16,572,492 | |
Brinker International, Inc., | |||||
Gtd. Notes, 144A(a) | 5.000 | 10/01/24 | 24,621 | 25,297,146 | |
Sr. Unsec’d. Notes | 3.875 | 05/15/23 | 28,290 | 27,997,707 | |
Caleres, Inc., Gtd. Notes | 6.250 | 08/15/23 | 6,458 | 6,450,842 | |
CEC Entertainment, Inc., Gtd. Notes | 8.000 | 02/15/22(d) | 33,860 | 480,457 | |
eG Global Finance PLC (United Kingdom), Sr. Sec’d. Notes, 144A(a) | 8.500 | 10/30/25 | 25,675 | 27,651,109 | |
Ferrellgas LP/Ferrellgas Finance Corp., | |||||
Gtd. Notes (original cost $14,439,137; purchased 06/02/16 - 10/29/19)(f) | 6.750 | 06/15/23 | 16,853 | 15,479,752 | |
Sr. Unsec’d. Notes (original cost $17,527,401; purchased 02/11/14 - 10/29/19)(f) | 6.500 | 05/01/21 | 19,277 | 18,327,294 | |
Sr. Unsec’d. Notes (original cost $18,431,984; purchased 11/04/13 - 10/23/20)(f) | 6.750 | 01/15/22 | 20,112 | 19,126,112 | |
Ferrellgas Partners LP/Ferrellgas Partners Finance Corp., | |||||
Sr. Unsec’d. Notes (original cost $32,016,631; purchased 03/31/10 - 10/23/20)(f) | 8.625 | 06/15/20(d) | 40,571 | 6,497,463 | |
Sr. Unsec’d. Notes (original cost $53,678,516; purchased 01/30/17 - 10/23/20)(f) | 8.625 | 06/15/20(d) | 68,975 | 10,052,893 | |
Golden Nugget, Inc., | |||||
Gtd. Notes, 144A(a) | 8.750 | 10/01/25 | 44,829 | 45,147,676 | |
Sr. Unsec’d. Notes, 144A(a) | 6.750 | 10/15/24 | 32,849 | 32,078,621 | |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Retail (cont’d.) | |||||
L Brands, Inc., Gtd. Notes | 5.625 % | 10/15/23 | 7,435 | $7,932,844 | |
PetSmart, Inc., | |||||
Gtd. Notes, 144A(a) | 7.125 | 03/15/23 | 118,486 | 116,970,520 | |
Sr. Sec’d. Notes, 144A(a) | 5.875 | 06/01/25 | 27,701 | 28,057,044 | |
Rite Aid Corp., Sr. Sec’d. Notes, 144A(a) | 8.000 | 11/15/26 | 13,160 | 13,427,979 | |
Sally Holdings LLC/Sally Capital, Inc., | |||||
Gtd. Notes | 5.500 | 11/01/23 | 6,200 | 6,250,730 | |
Gtd. Notes(a) | 5.625 | 12/01/25 | 61,968 | 63,554,297 | |
Sec’d. Notes, 144A | 8.750 | 04/30/25 | 8,450 | 9,384,726 | |
Suburban Propane Partners LP/Suburban Energy Finance Corp., | |||||
Sr. Unsec’d. Notes | 5.500 | 06/01/24 | 28,229 | 28,912,048 | |
Sr. Unsec’d. Notes(a) | 5.750 | 03/01/25 | 14,975 | 15,245,773 | |
Sr. Unsec’d. Notes(a) | 5.875 | 03/01/27 | 40,062 | 41,505,145 | |
Superior Plus LP/Superior General Partner, Inc. (Canada), Sr. Unsec’d. Notes, 144A(a) | 7.000 | 07/15/26 | 38,321 | 41,092,593 | |
White Cap Buyer LLC, Sr. Unsec’d. Notes, 144A | 6.875 | 10/15/28 | 16,475 | 17,524,353 | |
711,705,075 | |||||
Semiconductors 0.2% | |||||
Microchip Technology, Inc., Gtd. Notes, 144A(a) | 4.250 | 09/01/25 | 39,190 | 41,096,560 | |
Sensata Technologies UK Financing Co. PLC, Gtd. Notes, 144A | 6.250 | 02/15/26 | 4,250 | 4,427,176 | |
45,523,736 | |||||
Software 1.4% | |||||
Black Knight InfoServ LLC, Gtd. Notes, 144A | 3.625 | 09/01/28 | 32,590 | 33,028,347 | |
Boxer Parent Co., Inc., Sr. Sec’d. Notes, 144A | 7.125 | 10/02/25 | 25,363 | 27,393,615 | |
BY Crown Parent LLC, Gtd. Notes, 144A | 7.375 | 10/15/24 | 27,031 | 27,519,299 | |
BY Crown Parent LLC/BY Bond Finance, Inc., Sr. Sec’d. Notes, 144A | 4.250 | 01/31/26 | 22,617 | 23,240,879 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Software (cont’d.) | |||||
Change Healthcare Holdings LLC/Change Healthcare Finance, Inc., Gtd. Notes, 144A(a) | 5.750 % | 03/01/25 | 20,104 | $20,477,405 | |
Dun & Bradstreet Corp. (The), | |||||
Gtd. Notes, 144A(a) | 10.250 | 02/15/27 | 4,750 | 5,338,948 | |
Sr. Sec’d. Notes, 144A | 6.875 | 08/15/26 | 13,360 | 14,335,079 | |
Genesys Telecommunications Laboratories, Inc./Greeneden Lux 3 SARL/Greeneden US Holdings I LLC, Gtd. Notes, 144A(a) | 10.000 | 11/30/24 | 107,429 | 112,800,450 | |
Rackspace Technology Global, Inc., | |||||
Gtd. Notes, 144A(a) | 8.625 | 11/15/24 | 23,773 | 24,843,867 | |
Sr. Unsec’d. Notes, 144A | 5.375 | 12/01/28 | 10,500 | 10,969,208 | |
299,947,097 | |||||
Telecommunications 7.7% | |||||
Altice France Holding SA (Luxembourg), Gtd. Notes, 144A(a) | 6.000 | 02/15/28 | 2,965 | 3,008,319 | |
Altice France SA (France), | |||||
Sr. Sec’d. Notes, 144A | 7.375 | 05/01/26 | 1,000 | 1,048,824 | |
Sr. Sec’d. Notes, 144A | 8.125 | 02/01/27 | 4,000 | 4,405,197 | |
C&W Senior Financing DAC (Ireland), Sr. Unsec’d. Notes, 144A(a) | 6.875 | 09/15/27 | 18,485 | 19,908,236 | |
CenturyLink, Inc., | |||||
Sr. Unsec’d. Notes | 5.625 | 04/01/25 | 100 | 107,521 | |
Sr. Unsec’d. Notes, 144A | 4.500 | 01/15/29 | 34,700 | 35,390,607 | |
Sr. Unsec’d. Notes, Series P(a) | 7.600 | 09/15/39 | 22,098 | 25,985,404 | |
Sr. Unsec’d. Notes, Series S | 6.450 | 06/15/21 | 61,197 | 62,816,252 | |
Sr. Unsec’d. Notes, Series T | 5.800 | 03/15/22 | 700 | 729,091 | |
Sr. Unsec’d. Notes, Series U | 7.650 | 03/15/42 | 24,283 | 28,817,438 | |
Sr. Unsec’d. Notes, Series W | 6.750 | 12/01/23 | 12,111 | 13,424,653 | |
CommScope Technologies LLC, Gtd. Notes, 144A(a) | 6.000 | 06/15/25 | 30,901 | 31,698,933 | |
CommScope, Inc., | |||||
Gtd. Notes, 144A(a) | 7.125 | 07/01/28 | 21,540 | 22,932,123 | |
Sr. Sec’d. Notes, 144A(a) | 5.500 | 03/01/24 | 7,000 | 7,215,528 | |
Sr. Sec’d. Notes, 144A(a) | 6.000 | 03/01/26 | 30,600 | 32,293,439 | |
Consolidated Communications, Inc., Sr. Sec’d. Notes, 144A(a) | 6.500 | 10/01/28 | 14,400 | 15,590,679 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Telecommunications (cont’d.) | |||||
Digicel Group 0.5 Ltd. (Jamaica), | |||||
Sr. Sec’d. Notes, Cash coupon 8.000% and PIK 2.000% / PIK 10.000% | 10.000 % | 04/01/24 | 53,044 | $42,037,177 | |
Sr. Unsec’d. Notes, 144A, Cash coupon 5.000% and PIK 3.000% or PIK 8.000%(a) | 8.000 | 04/01/25 | 14,065 | 5,292,565 | |
Digicel Holdings Bermuda Ltd./Digicel International Finance Ltd. (Jamaica), | |||||
Gtd. Notes, 144A(a) | 8.000 | 12/31/26 | 22,070 | 17,146,958 | |
Gtd. Notes, 144A, Cash coupon 6.000% and PIK 7.000%(a) | 13.000 | 12/31/25 | 61,700 | 58,978,051 | |
Sr. Sec’d. Notes, 144A | 8.750 | 05/25/24 | 4,820 | 4,924,308 | |
Sr. Sec’d. Notes, 144A(a) | 8.750 | 05/25/24 | 84,705 | 86,551,305 | |
Digicel Ltd. (Jamaica), | |||||
Gtd. Notes, 144A | 6.750 | 03/01/23 | 157,197 | 101,195,765 | |
Sr. Unsec’d. Notes, 144A | 6.000 | 04/15/21 | 65 | 41,825 | |
Embarq Corp., Sr. Unsec’d. Notes(a) | 7.995 | 06/01/36 | 89,070 | 106,934,593 | |
Frontier Communications Corp., | |||||
Sec’d. Notes, 144A | 6.750 | 05/01/29 | 12,200 | 12,619,295 | |
Sr. Sec’d. Notes, 144A(a) | 5.000 | 05/01/28 | 21,150 | 21,458,423 | |
Intelsat Jackson Holdings SA (Luxembourg), | |||||
Gtd. Notes (original cost $22,499,589; purchased 11/14/19 - 10/23/20)(f) | 5.500 | 08/01/23(d) | 26,705 | 18,023,216 | |
Gtd. Notes, 144A (original cost $9,178,969; purchased 10/21/20)(f) | 8.500 | 10/15/24(d) | 14,775 | 10,420,685 | |
Gtd. Notes, 144A (original cost $90,685,909; purchased 11/15/17 - 10/23/20)(f) | 9.750 | 07/15/25(d) | 89,167 | 62,967,669 | |
Sr. Sec’d. Notes, 144A (original cost $38,533,508; purchased 10/03/19 - 08/26/20)(f) | 8.000 | 02/15/24(d) | 37,993 | 38,812,341 | |
Intelsat Luxembourg SA (Luxembourg), Gtd. Notes (original cost $22,767,786; purchased 11/14/19 - 10/23/20)(f) | 8.125 | 06/01/23(d) | 37,355 | 1,670,077 | |
Intrado Corp., Gtd. Notes, 144A(a) | 8.500 | 10/15/25 | 108,508 | 104,024,040 | |
Level 3 Financing, Inc., | |||||
Gtd. Notes | 5.250 | 03/15/26 | 5,646 | 5,843,494 | |
Gtd. Notes | 5.375 | 01/15/24 | 9,708 | 9,775,870 | |
Gtd. Notes | 5.375 | 05/01/25 | 1,965 | 2,022,330 | |
Gtd. Notes, 144A(a) | 3.625 | 01/15/29 | 12,065 | 12,089,360 | |
Gtd. Notes, 144A | 4.250 | 07/01/28 | 25,475 | 26,296,804 | |
Gtd. Notes, 144A(a) | 4.625 | 09/15/27 | 2,125 | 2,215,815 | |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Telecommunications (cont’d.) | |||||
Qwest Corp., Sr. Unsec’d. Notes | 6.750 % | 12/01/21 | 24,565 | $25,822,221 | |
Sprint Capital Corp., | |||||
Gtd. Notes | 6.875 | 11/15/28 | 12,811 | 16,634,350 | |
Gtd. Notes(a) | 8.750 | 03/15/32 | 34,452 | 52,887,515 | |
Sprint Communications, Inc., | |||||
Gtd. Notes | 6.000 | 11/15/22 | 28,350 | 30,528,493 | |
Gtd. Notes | 11.500 | 11/15/21 | 8,775 | 9,573,301 | |
Sprint Corp., | |||||
Gtd. Notes | 7.125 | 06/15/24 | 33,162 | 38,583,307 | |
Gtd. Notes | 7.250 | 09/15/21 | 46,476 | 48,394,328 | |
Gtd. Notes(a) | 7.625 | 02/15/25 | 45,648 | 54,752,548 | |
Gtd. Notes(a) | 7.625 | 03/01/26 | 16,400 | 20,383,214 | |
Gtd. Notes | 7.875 | 09/15/23 | 61,941 | 71,480,631 | |
T-Mobile USA, Inc., | |||||
Gtd. Notes | 4.500 | 02/01/26 | 1,500 | 1,540,255 | |
Gtd. Notes(a) | 5.125 | 04/15/25 | 7,000 | 7,185,665 | |
Gtd. Notes(a) | 6.000 | 03/01/23 | 17,763 | 17,804,877 | |
Gtd. Notes | 6.000 | 04/15/24 | 5,731 | 5,838,157 | |
Gtd. Notes | 6.500 | 01/15/26 | 49,182 | 51,088,153 | |
ViaSat, Inc., Sr. Unsec’d. Notes, 144A(a) | 6.500 | 07/15/28 | 11,680 | 12,276,575 | |
Windstream Escrow LLC/Windstream Escrow Finance Corp., Sr. Sec’d. Notes, 144A(a) | 7.750 | 08/15/28 | 55,140 | 55,569,596 | |
Zayo Group Holdings, Inc., | |||||
Sr. Sec’d. Notes, 144A(a) | 4.000 | 03/01/27 | 9,437 | 9,404,667 | |
Sr. Unsec’d. Notes, 144A(a) | 6.125 | 03/01/28 | 44,244 | 46,772,442 | |
1,633,234,505 | |||||
Transportation 0.4% | |||||
XPO Logistics, Inc., | |||||
Gtd. Notes, 144A(a) | 6.125 | 09/01/23 | 10,925 | 11,118,604 | |
Gtd. Notes, 144A | 6.250 | 05/01/25 | 8,605 | 9,230,670 | |
Gtd. Notes, 144A(a) | 6.500 | 06/15/22 | 12,168 | 12,209,638 | |
Gtd. Notes, 144A | 6.750 | 08/15/24 | 44,538 | 47,163,247 | |
79,722,159 | |||||
Total Corporate Bonds (cost $17,785,108,503) | 18,298,874,610 |
Description | Shares | Value | |||
Common Stocks 0.3% | |||||
Chemicals 0.0% | |||||
Hexion Holdings Corp. (Class B Stock)* | 343,580 | $4,248,367 | |||
Electric Utilities 0.2% | |||||
GenOn Energy Holdings, Inc. (Class A Stock)*^ | 195,390 | 31,848,570 | |||
Keycon Power Holdings LLC*^ | 82,238 | 14,638,364 | |||
46,486,934 | |||||
Entertainment 0.0% | |||||
AMC Entertainment Holdings, Inc. (Class A Stock)(a) | 349,220 | 1,491,169 | |||
Independent Power & Renewable Electricity Producers 0.1% | |||||
Vistra Corp. | 342,429 | 6,396,574 | |||
Media 0.0% | |||||
Adelphia Communications Corp.*^ | 20,000 | 20 | |||
Oil, Gas & Consumable Fuels 0.0% | |||||
Frontera Energy Corp. (Colombia) | 55,828 | 123,938 | |||
Total Common Stocks (cost $37,729,851) | 58,747,002 | ||||
Exchange-Traded Funds 1.3% | |||||
iShares iBoxx High Yield Corporate Bond ETF(a) | 1,467,920 | 126,710,855 | |||
SPDR Bloomberg Barclays High Yield Bond ETF(a) | 1,331,261 | 143,150,495 | |||
Total Exchange-Traded Funds (cost $229,959,682) | 269,861,350 | ||||
Preferred Stocks 0.0% | |||||
Capital Markets 0.0% | |||||
Goldman Sachs Group, Inc. (The), Series K, 6.375%, Maturing 12/31/2049(a) | 87,000 | 2,466,450 | |||
Construction Materials 0.0% | |||||
New Millennium Homes LLC, Maturing 01/01/2049*^ | 2,000 | 20,000 | |||
Total Preferred Stocks (cost $2,175,000) | 2,486,450 |
Description | Units | Value | |||
Warrants* 0.0% | |||||
Chemicals 0.0% | |||||
Hercules, Inc., expiring 03/31/29 | 230 | $— | |||
Media 0.0% | |||||
Mood Media Corp., expiring 07/31/25^ | 2,614,385 | 262 | |||
Mood Media Corp., expiring 07/31/25^ | 2,614,385 | 261 | |||
Mood Media Corp., expiring 07/31/25^ | 2,614,385 | 261 | |||
784 | |||||
Total Warrants (cost $8) | 784 | ||||
Total Long-Term Investments (cost $19,901,831,506) | 20,477,682,107 |
Shares | |||||
Short-Term Investments 17.1% | |||||
Affiliated Mutual Funds | |||||
PGIM Core Ultra Short Bond Fund(w) | 746,657,569 | 746,657,569 | |||
PGIM Institutional Money Market Fund (cost $2,892,994,350; includes $2,892,541,292 of cash collateral for securities on loan)(b)(w) | 2,894,412,935 | 2,893,255,169 | |||
Total Short-Term Investments (cost $3,639,651,919) | 3,639,912,738 | ||||
TOTAL INVESTMENTS 113.5% (cost $23,541,483,425) | 24,117,594,845 | ||||
Liabilities in excess of other assets(z) (13.5)% | (2,863,989,476) | ||||
Net Assets 100.0% | $21,253,605,369 |
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings: |
EUR—Euro | |
USD—US Dollar |
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 | |
DIP—Debtor-In-Possession | |
ETF—Exchange-Traded Fund | |
EURIBOR—Euro Interbank Offered Rate | |
iBoxx—Bond Market Indices | |
LIBOR—London Interbank Offered Rate |
LP—Limited Partnership | |
OTC—Over-the-counter | |
PIK—Payment-in-Kind | |
REITs—Real Estate Investment Trust | |
SARL—Société à Responsabilité Limitée | |
SPDR—Standard & Poor’s Depositary Receipts |
* | Non-income producing security. |
# | Principal amount is shown in U.S. dollars unless otherwise stated. |
^ | Indicates a Level 3 instrument. The aggregate value of Level 3 instruments is $111,111,860 and 0.52% 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 $2,834,457,112; cash collateral of $2,892,541,292 (included in liabilities) was received with which the Fund purchased highly liquid short-term investments. In the event of significant appreciation in value of securities on loan on the last business day of the reporting period, the Fund may reflect a collateral value that is less than the market value of the loaned securities and such shortfall is remedied the following business day. |
(b) | Represents security, or portion thereof, 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, 2020. |
(d) | Represents issuer in default on interest payments and/or principal repayment. Non-income producing security. Such securities may be post-maturity. |
(f) | Indicates a restricted security that is acquired in unregistered, private sales from the issuing company or from an affiliate of the issuer and is considered restricted as to disposition under federal securities law; the aggregate original cost of such securities is $340,770,313. The aggregate value of $203,312,181 is 0.96% of net assets. |
(ff) | Variable rate security. Security may be issued at a fixed coupon rate, which converts to a variable rate at a specified date. Rate shown is the rate in effect as of period end. |
(p) | Represents a security with a delayed settlement and therefore the interest rate is not available until settlement which is after the period end. |
(rr) | Perpetual security with no stated maturity date. |
(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: |
Borrower | Principal Amount (000)# | Current Value | Unrealized Appreciation | Unrealized Depreciation | ||||
Intelsat Jackson Holdings SA (Luxembourg), SuperPriority Secured DIP Term Loan, 3 Month LIBOR + 5.500% (Cap N/A, Floor 0.000%), 6.500%, Maturity Date 07/13/21 (cost $5,695,072) | 5,727 | $5,834,624 | $139,552 | $— |
Futures contracts outstanding at November 30, 2020: | ||||||||
Number of Contracts | Type | Expiration Date | Current Notional Amount | Value / Unrealized Appreciation (Depreciation) | ||||
Long Positions: | ||||||||
2,363 | 2 Year U.S. Treasury Notes | Mar. 2021 | $521,872,241 | $260,538 | ||||
418 | 5 Year Euro-Bobl | Mar. 2021 | 67,442,164 | (10,341) | ||||
164 | 5 Year U.S. Treasury Notes | Mar. 2021 | 20,669,125 | 33,447 |
Futures contracts outstanding at November 30, 2020 (continued): | ||||||||
Number of Contracts | Type | Expiration Date | Current Notional Amount | Value / Unrealized Appreciation (Depreciation) | ||||
Long Positions (cont’d): | ||||||||
1,922 | 10 Year U.S. Treasury Notes | Mar. 2021 | $265,566,353 | $506,985 | ||||
2,062 | 20 Year U.S. Treasury Bonds | Mar. 2021 | 360,656,688 | 1,039,664 | ||||
18 | Euro Schatz Index | Dec. 2020 | 2,411,764 | 2,130 | ||||
1,832,423 | ||||||||
Short Positions: | ||||||||
1,383 | 10 Year Euro-Bund | Dec. 2020 | 289,111,949 | (4,279,592) | ||||
69 | 30 Year U.S. Ultra Treasury Bonds | Mar. 2021 | 14,906,156 | 33,930 | ||||
(4,245,662) | ||||||||
$(2,413,239) |
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
Euro, | |||||||||||||
Expiring 12/02/20 | HSBC Bank USA, N.A. | EUR | 18,246 | $21,652,456 | $21,765,659 | $113,203 | $— |
Sale Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
Euro, | |||||||||||||
Expiring 12/02/20 | Citibank, N.A. | EUR | 18,246 | $21,583,760 | $21,765,659 | $— | $(181,899) | ||||||
Expiring 01/12/21 | HSBC Bank USA, N.A. | EUR | 18,246 | 21,679,296 | 21,795,173 | — | (115,877) | ||||||
$43,263,056 | $43,560,832 | — | (297,776) | ||||||||||
$113,203 | $(297,776) |