Corporate Bonds - 70.3%
|
|||
Principal
Amount (a)
(000s)
|
Value ($)
(000s)
|
||
Convertible Bonds - 67.5%
|
|||
COMMUNICATION SERVICES - 8.6%
|
|||
Diversified Telecommunication Services - 0.0%
|
|||
Bandwidth, Inc. 0.25% 3/1/26
|
185
|
125
|
|
Radius Global Infrastructure, Inc. 2.5% 9/15/26 (b)
|
264
|
241
|
|
366
|
|||
Entertainment - 1.3%
|
|||
Liberty Media Corp. 0.5% 12/1/50 (b)
|
1,721
|
1,994
|
|
Live Nation Entertainment, Inc.:
|
|||
2% 2/15/25
|
247
|
270
|
|
2.5% 3/15/23
|
3,626
|
4,982
|
|
Spotify U.S.A., Inc. 0% 3/15/26
|
2,910
|
2,372
|
|
World Wrestling Entertainment, Inc. 3.375% 12/15/23
|
1,700
|
4,686
|
|
Zynga, Inc.:
|
|||
0% 12/15/26
|
5,479
|
5,479
|
|
0.25% 6/1/24
|
3,904
|
4,378
|
|
24,161
|
|||
Interactive Media & Services - 3.1%
|
|||
Eventbrite, Inc. 5% 12/1/25
|
2,635
|
2,538
|
|
fuboTV, Inc. 3.25% 2/15/26
|
1,439
|
652
|
|
IAC FinanceCo 2, Inc. 0.875% 6/15/26 (b)
|
3,612
|
3,495
|
|
IAC FinanceCo 3, Inc. 2% 1/15/30 (b)
|
3,607
|
3,581
|
|
IAC FinanceCo, Inc. 0.875% 10/1/22 (b)
|
2,642
|
3,375
|
|
Liberty TripAdvisor Holdings, Inc. 0.5% 6/30/51 (b)
|
4,387
|
3,227
|
|
Snap, Inc.:
|
|||
0% 5/1/27
|
10,175
|
7,351
|
|
0.125% 3/1/28(b)
|
9,700
|
6,717
|
|
0.25% 5/1/25
|
1,937
|
1,826
|
|
0.75% 8/1/26
|
4,240
|
3,858
|
|
TripAdvisor, Inc. 0.25% 4/1/26
|
1,885
|
1,566
|
|
Twitter, Inc.:
|
|||
0% 3/15/26
|
4,940
|
4,421
|
|
0.25% 6/15/24
|
13,201
|
13,175
|
|
Ziff Davis, Inc. 1.75% 11/1/26 (b)
|
188
|
185
|
|
55,967
|
|||
Media - 4.2%
|
|||
Cable One, Inc. 0% 3/15/26
|
262
|
214
|
|
DISH Network Corp.:
|
|||
0% 12/15/25
|
13,536
|
9,688
|
|
2.375% 3/15/24
|
11,599
|
10,468
|
|
3.375% 8/15/26
|
20,797
|
14,965
|
|
Gannett Co., Inc. 4.75% 4/15/24
|
1,450
|
1,127
|
|
Grizzly Merger Sub 1 LLC 1.75% 9/30/46 (b)
|
4,323
|
5,007
|
|
Liberty Broadband Corp.:
|
|||
1.25% 9/30/50(b)
|
7,910
|
7,495
|
|
2.75% 9/30/50(b)
|
210
|
203
|
|
Liberty Interactive LLC 1.75% 9/30/46 (b)
|
1,748
|
2,132
|
|
Liberty Media Corp.:
|
|||
1% 1/30/23
|
1,735
|
2,995
|
|
1.375% 10/15/23
|
3,493
|
4,487
|
|
2.25% 8/15/27(b)
|
9,614
|
9,571
|
|
Magnite, Inc. 0.25% 3/15/26
|
7,345
|
5,491
|
|
TechTarget, Inc.:
|
|||
0% 12/15/26(b)
|
260
|
210
|
|
0.125% 12/15/25
|
935
|
1,038
|
|
75,091
|
|||
TOTAL COMMUNICATION SERVICES
|
155,585
|
||
CONSUMER DISCRETIONARY - 8.5%
|
|||
Auto Components - 0.8%
|
|||
LCI Industries 1.125% 5/15/26
|
5,010
|
4,577
|
|
Patrick Industries, Inc.:
|
|||
1% 2/1/23
|
4,101
|
4,050
|
|
1.75% 12/1/28(b)
|
6,423
|
5,195
|
|
13,822
|
|||
Automobiles - 1.4%
|
|||
Arrival SA 3.5% 12/1/26 (b)
|
5,569
|
1,864
|
|
Fisker, Inc. 2.5% 9/15/26 (b)
|
200
|
117
|
|
Ford Motor Co. 0% 3/15/26
|
19,843
|
21,589
|
|
Lucid Group, Inc. 1.25% 12/15/26 (b)
|
260
|
164
|
|
Winnebago Industries, Inc. 1.5% 4/1/25
|
2,250
|
2,506
|
|
26,240
|
|||
Diversified Consumer Services - 0.6%
|
|||
2U, Inc. 2.25% 5/1/25
|
6,178
|
4,448
|
|
Chegg, Inc.:
|
|||
0% 9/1/26
|
3,627
|
2,874
|
|
0.125% 3/15/25
|
3,511
|
3,079
|
|
10,401
|
|||
Hotels, Restaurants & Leisure - 2.8%
|
|||
Airbnb, Inc. 0% 3/15/26
|
5,709
|
4,895
|
|
Booking Holdings, Inc. 0.75% 5/1/25
|
1,963
|
2,546
|
|
Carnival Corp. 5.75% 4/1/23
|
141
|
165
|
|
Cracker Barrel Old Country Store, Inc. 0.625% 6/15/26
|
10,300
|
9,195
|
|
DraftKings, Inc. 0% 3/15/28
|
8,386
|
5,623
|
|
Expedia, Inc. 0% 2/15/26
|
225
|
202
|
|
Marriott Vacations Worldwide Corp.:
|
|||
0% 1/15/26
|
200
|
203
|
|
1.5% 9/15/22
|
181
|
181
|
|
NCL Corp. Ltd.:
|
|||
1.125% 2/15/27(b)
|
5,700
|
3,896
|
|
2.5% 2/15/27(b)
|
4,879
|
3,542
|
|
5.375% 8/1/25
|
2,450
|
2,606
|
|
Penn Entertainment, Inc. 2.75% 5/15/26
|
4,389
|
6,746
|
|
Royal Caribbean Cruises Ltd. 6% 8/15/25 (b)
|
7,130
|
7,921
|
|
Shake Shack, Inc. 0% 3/1/28
|
2,206
|
1,529
|
|
The Cheesecake Factory, Inc. 0.375% 6/15/26
|
1,020
|
829
|
|
Vail Resorts, Inc. 0% 1/1/26
|
200
|
181
|
|
50,260
|
|||
Internet & Direct Marketing Retail - 1.5%
|
|||
Etsy, Inc.:
|
|||
0.125% 10/1/26
|
7,322
|
10,291
|
|
0.125% 9/1/27
|
4,502
|
4,257
|
|
0.25% 6/15/28
|
210
|
174
|
|
Lyft, Inc. 1.5% 5/15/25
|
172
|
151
|
|
The RealReal, Inc.:
|
|||
1% 3/1/28
|
10,921
|
5,341
|
|
3% 6/15/25
|
4,447
|
2,718
|
|
Uber Technologies, Inc. 0% 12/15/25
|
200
|
171
|
|
Wayfair LLC:
|
|||
0.625% 10/1/25
|
2,705
|
1,904
|
|
1.125% 11/1/24
|
120
|
105
|
|
Xometry, Inc. 1% 2/1/27 (b)
|
1,400
|
1,526
|
|
26,638
|
|||
Leisure Products - 1.0%
|
|||
Callaway Golf Co. 2.75% 5/1/26
|
3,690
|
5,297
|
|
Peloton Interactive, Inc. 0% 2/15/26
|
17,397
|
12,273
|
|
17,570
|
|||
Specialty Retail - 0.4%
|
|||
Burlington Stores, Inc. 2.25% 4/15/25
|
190
|
197
|
|
Dick's Sporting Goods, Inc. 3.25% 4/15/25
|
1,132
|
3,715
|
|
National Vision Holdings, Inc. 2.5% 5/15/25
|
2,667
|
3,346
|
|
7,258
|
|||
Textiles, Apparel & Luxury Goods - 0.0%
|
|||
Marathon Digital Holdings, Inc. 1% 12/1/26 (b)
|
2,144
|
789
|
|
TOTAL CONSUMER DISCRETIONARY
|
152,978
|
||
CONSUMER STAPLES - 1.5%
|
|||
Food & Staples Retailing - 0.1%
|
|||
Chefs' Warehouse Holdings 1.875% 12/1/24
|
2,000
|
2,079
|
|
Food Products - 0.5%
|
|||
Beyond Meat, Inc. 0% 3/15/27
|
18,884
|
6,553
|
|
Post Holdings, Inc. 2.5% 8/15/27 (b)
|
3,090
|
3,212
|
|
9,765
|
|||
Tobacco - 0.9%
|
|||
Turning Point Brands, Inc. 2.5% 7/15/24
|
17,224
|
15,553
|
|
TOTAL CONSUMER STAPLES
|
27,397
|
||
ENERGY - 2.5%
|
|||
Energy Equipment & Services - 0.0%
|
|||
Vantage Drilling Co. 0% 7/15/43 (b)(c)(d)
|
20,000
|
0
|
|
Oil, Gas & Consumable Fuels - 2.5%
|
|||
Antero Resources Corp. 4.25% 9/1/26
|
466
|
4,288
|
|
Arch Resources, Inc. 5.25% 11/15/25
|
580
|
2,320
|
|
CNX Resources Corp. 2.25% 5/1/26
|
3,271
|
4,996
|
|
EQT Corp. 1.75% 5/1/26
|
3,864
|
12,492
|
|
Peabody Energy Corp. 3.25% 3/1/28 (b)
|
3,797
|
5,582
|
|
Pioneer Natural Resources Co. 0.25% 5/15/25
|
6,450
|
15,825
|
|
45,503
|
|||
TOTAL ENERGY
|
45,503
|
||
FINANCIALS - 0.7%
|
|||
Capital Markets - 0.3%
|
|||
Coinbase Global, Inc. 0.5% 6/1/26
|
7,348
|
4,956
|
|
Consumer Finance - 0.4%
|
|||
LendingTree, Inc. 0.5% 7/15/25
|
2,400
|
1,828
|
|
SoFi Technologies, Inc. 0% 10/15/26 (b)
|
6,967
|
5,048
|
|
6,876
|
|||
Insurance - 0.0%
|
|||
HCI Group, Inc. 4.75% 6/1/42 (b)
|
200
|
170
|
|
Mortgage Real Estate Investment Trusts - 0.0%
|
|||
Arbor Realty Trust, Inc. 4.75% 11/1/22
|
180
|
181
|
|
Blackstone Mortgage Trust, Inc. 5.5% 3/15/27
|
200
|
185
|
|
HAT Holdings I LLC/HAT Holdings II LLC 0% 5/1/25 (b)
|
200
|
191
|
|
557
|
|||
TOTAL FINANCIALS
|
12,559
|
||
HEALTH CARE - 8.5%
|
|||
Biotechnology - 2.4%
|
|||
Cerevel Therapeutics Holdings 2.5% 8/15/27 (b)
|
680
|
645
|
|
Coherus BioSciences, Inc. 1.5% 4/15/26
|
205
|
173
|
|
Cytokinetics, Inc. 4% 11/15/26
|
270
|
1,389
|
|
Dynavax Technologies Corp. 2.5% 5/15/26
|
200
|
269
|
|
Exact Sciences Corp.:
|
|||
0.375% 3/15/27
|
3,607
|
2,638
|
|
0.375% 3/1/28
|
4,842
|
3,307
|
|
1% 1/15/25
|
1,666
|
1,504
|
|
Global Blood Therapeutics, Inc. 1.875% 12/15/28 (b)
|
4,620
|
10,226
|
|
Halozyme Therapeutics, Inc. 1% 8/15/28 (b)
|
3,180
|
3,118
|
|
Insmed, Inc.:
|
|||
0.75% 6/1/28
|
3,200
|
3,147
|
|
1.75% 1/15/25
|
2,000
|
2,026
|
|
Natera, Inc. 2.25% 5/1/27
|
1,392
|
2,069
|
|
Neurocrine Biosciences, Inc. 2.25% 5/15/24
|
3,254
|
4,495
|
|
Sarepta Therapeutics, Inc. 1.5% 11/15/24
|
4,900
|
8,165
|
|
43,171
|
|||
Health Care Equipment & Supplies - 3.4%
|
|||
CONMED Corp. 2.25% 6/15/27 (b)
|
5,740
|
5,266
|
|
CryoPort, Inc. 0.75% 12/1/26 (b)
|
4,273
|
3,336
|
|
DexCom, Inc.:
|
|||
0.25% 11/15/25
|
7,612
|
7,265
|
|
0.75% 12/1/23
|
4,312
|
8,712
|
|
Envista Holdings Corp. 2.375% 6/1/25
|
4,917
|
9,050
|
|
Glaukos Corp. 2.75% 6/15/27
|
3,385
|
4,138
|
|
Haemonetics Corp. 0% 3/1/26
|
270
|
225
|
|
Insulet Corp. 0.375% 9/1/26
|
5,772
|
7,351
|
|
Integra LifeSciences Holdings Corp. 0.5% 8/15/25
|
230
|
212
|
|
LivaNova U.S.A., Inc. 3% 12/15/25
|
4,024
|
4,686
|
|
Mesa Laboratories, Inc. 1.375% 8/15/25
|
1,437
|
1,267
|
|
Nevro Corp. 2.75% 4/1/25
|
1,023
|
960
|
|
Novocure Ltd. 0% 11/1/25
|
200
|
182
|
|
Omnicell, Inc. 0.25% 9/15/25
|
2,491
|
2,939
|
|
Tandem Diabetes Care, Inc. 1.5% 5/1/25 (b)
|
5,947
|
5,375
|
|
Varex Imaging Corp. 4% 6/1/25
|
190
|
228
|
|
61,192
|
|||
Health Care Providers & Services - 1.6%
|
|||
1Life Healthcare, Inc. 3% 6/15/25
|
4,349
|
4,240
|
|
Accolade, Inc. 0.5% 4/1/26
|
9,966
|
7,263
|
|
Brookdale Senior Living, Inc. 2% 10/15/26 (b)
|
5,633
|
4,809
|
|
Guardant Health, Inc. 0% 11/15/27
|
8,385
|
6,166
|
|
Oak Street Health, Inc. 0% 3/15/26
|
9,275
|
7,230
|
|
29,708
|
|||
Health Care Technology - 0.3%
|
|||
Allscripts Healthcare Solutions, Inc. 0.875% 1/1/27
|
2,125
|
2,954
|
|
Health Catalyst, Inc. 2.5% 4/15/25
|
1,647
|
1,449
|
|
Teladoc Health, Inc. 1.25% 6/1/27
|
1,179
|
898
|
|
5,301
|
|||
Life Sciences Tools & Services - 0.8%
|
|||
Illumina, Inc. 0% 8/15/23
|
6,779
|
6,504
|
|
Inotiv, Inc. 3.25% 10/15/27 (b)
|
220
|
181
|
|
Nanostring Technologies, Inc. 2.625% 3/1/25
|
1,826
|
1,478
|
|
NeoGenomics, Inc. 1.25% 5/1/25
|
750
|
657
|
|
Repligen Corp. 0.375% 7/15/24
|
2,430
|
4,817
|
|
13,637
|
|||
Pharmaceuticals - 0.0%
|
|||
Innoviva, Inc. 2.125% 3/15/28 (b)
|
200
|
164
|
|
TOTAL HEALTH CARE
|
153,173
|
||
INDUSTRIALS - 7.9%
|
|||
Aerospace & Defense - 0.7%
|
|||
Parsons Corp. 0.25% 8/15/25
|
11,926
|
12,695
|
|
Virgin Galactic Holdings, Inc. 2.5% 2/1/27 (b)
|
253
|
164
|
|
12,859
|
|||
Air Freight & Logistics - 0.4%
|
|||
Air Transport Services Group, Inc. 1.125% 10/15/24
|
2,096
|
2,323
|
|
Atlas Air Worldwide Holdings, Inc. 1.875% 6/1/24
|
2,880
|
4,771
|
|
7,094
|
|||
Airlines - 1.4%
|
|||
American Airlines Group, Inc. 6.5% 7/1/25
|
6,675
|
7,222
|
|
JetBlue Airways Corp. 0.5% 4/1/26
|
8,341
|
6,281
|
|
Southwest Airlines Co. 1.25% 5/1/25
|
9,910
|
12,383
|
|
25,886
|
|||
Construction & Engineering - 0.3%
|
|||
Granite Construction, Inc. 2.75% 11/1/24
|
5,766
|
6,418
|
|
Electrical Equipment - 2.2%
|
|||
Array Technologies, Inc. 1% 12/1/28 (b)
|
10,739
|
11,523
|
|
Bloom Energy Corp. 2.5% 8/15/25
|
5,039
|
8,552
|
|
Plug Power, Inc. 3.75% 6/1/25
|
1,585
|
8,864
|
|
Stem, Inc. 0.5% 12/1/28 (b)
|
8,464
|
6,881
|
|
Sunrun, Inc. 0% 2/1/26
|
4,478
|
3,361
|
|
39,181
|
|||
Machinery - 1.7%
|
|||
Chart Industries, Inc. 1% 11/15/24 (b)
|
2,248
|
7,437
|
|
Desktop Metal, Inc. 6% 5/15/27 (b)
|
1,250
|
2,438
|
|
John Bean Technologies Corp. 0.25% 5/15/26
|
9,247
|
8,345
|
|
Middleby Corp. 1% 9/1/25
|
4,330
|
5,371
|
|
The Greenbrier Companies, Inc. 2.875% 4/15/28
|
8,820
|
7,550
|
|
31,141
|
|||
Professional Services - 0.8%
|
|||
FTI Consulting, Inc. 2% 8/15/23
|
2,604
|
4,169
|
|
KBR, Inc. 2.5% 11/1/23
|
5,004
|
9,658
|
|
Upwork, Inc. 0.25% 8/15/26
|
210
|
163
|
|
13,990
|
|||
Transportation Infrastructure - 0.4%
|
|||
Seaspan Corp. 3.75% 12/15/25 (b)
|
5,859
|
6,943
|
|
TOTAL INDUSTRIALS
|
143,512
|
||
INFORMATION TECHNOLOGY - 25.5%
|
|||
Communications Equipment - 0.5%
|
|||
Lumentum Holdings, Inc.:
|
|||
0.25% 3/15/24
|
2,999
|
4,305
|
|
0.5% 12/15/26
|
3,674
|
3,858
|
|
0.5% 6/15/28(b)
|
200
|
178
|
|
8,341
|
|||
Electronic Equipment & Components - 0.5%
|
|||
Insight Enterprises, Inc. 0.75% 2/15/25
|
4,484
|
6,224
|
|
Par Technology Corp.:
|
|||
1.5% 10/15/27
|
211
|
167
|
|
2.875% 4/15/26
|
1,750
|
1,929
|
|
8,320
|
|||
IT Services - 5.5%
|
|||
Affirm Holdings, Inc. 0% 11/15/26 (b)
|
10,415
|
6,580
|
|
Akamai Technologies, Inc.:
|
|||
0.125% 5/1/25
|
12,628
|
13,828
|
|
0.375% 9/1/27
|
10,268
|
10,304
|
|
BigCommerce Holdings, Inc. 0.25% 10/1/26 (b)
|
11,347
|
8,337
|
|
Block, Inc.:
|
|||
0% 5/1/26
|
4,309
|
3,559
|
|
0.125% 3/1/25
|
3,347
|
3,309
|
|
0.25% 11/1/27
|
2,795
|
2,158
|
|
0.5% 5/15/23
|
2,761
|
3,071
|
|
Cloudflare, Inc.:
|
|||
0% 8/15/26(b)
|
185
|
151
|
|
0.75% 5/15/25
|
1,438
|
2,579
|
|
Digitalocean Holdings, Inc. 0% 12/1/26 (b)
|
5,653
|
4,331
|
|
Fastly, Inc. 0% 3/15/26
|
12,275
|
9,096
|
|
MongoDB, Inc. 0.25% 1/15/26
|
6,049
|
9,948
|
|
Okta, Inc.:
|
|||
0.125% 9/1/25
|
5,657
|
5,137
|
|
0.375% 6/15/26
|
5,411
|
4,561
|
|
Perficient, Inc. 0.125% 11/15/26 (b)
|
4,337
|
3,467
|
|
Repay Holdings Corp. 0% 2/1/26 (b)
|
2,027
|
1,534
|
|
Shift4 Payments, Inc. 0% 12/15/25
|
280
|
253
|
|
Shopify, Inc. 0.125% 11/1/25
|
3,180
|
2,706
|
|
Wix.com Ltd. 0% 8/15/25
|
6,188
|
5,198
|
|
100,107
|
|||
Semiconductors & Semiconductor Equipment - 2.7%
|
|||
Camtek Ltd. 0% 12/1/26 (b)
|
1,600
|
1,310
|
|
Enphase Energy, Inc.:
|
|||
0% 3/1/26
|
260
|
307
|
|
0% 3/1/28
|
260
|
319
|
|
0.25% 3/1/25
|
1,850
|
6,518
|
|
onsemi:
|
|||
0% 5/1/27
|
7,673
|
10,988
|
|
1.625% 10/15/23
|
3,612
|
12,010
|
|
SMART Global Holdings, Inc. 2.25% 2/15/26
|
200
|
223
|
|
SolarEdge Technologies, Inc. 0% 9/15/25
|
5,940
|
7,268
|
|
Veeco Instruments, Inc. 3.75% 6/1/27
|
150
|
255
|
|
Wolfspeed, Inc.:
|
|||
0.25% 2/15/28(b)
|
2,170
|
2,458
|
|
1.75% 5/1/26
|
3,331
|
8,233
|
|
49,889
|
|||
Software - 16.3%
|
|||
8x8, Inc. 0.5% 2/1/24
|
4,969
|
4,174
|
|
Altair Engineering, Inc. 0.25% 6/1/24
|
3,124
|
3,818
|
|
Avalara, Inc. 0.25% 8/1/26
|
3,525
|
3,389
|
|
Bentley Systems, Inc. 0.125% 1/15/26
|
200
|
182
|
|
Bill.Com Holdings, Inc.:
|
|||
0% 12/1/25
|
3,240
|
4,027
|
|
0% 4/1/27(b)
|
212
|
180
|
|
BlackLine, Inc.:
|
|||
0% 3/15/26
|
4,471
|
3,805
|
|
0.125% 8/1/24
|
2,579
|
2,883
|
|
Box, Inc. 0% 1/15/26
|
7,633
|
8,786
|
|
Cerence, Inc. 3% 6/1/25
|
1,133
|
1,046
|
|
Ceridian HCM Holding, Inc. 0.25% 3/15/26
|
8,297
|
7,015
|
|
Confluent, Inc. 0% 1/15/27 (b)
|
6,363
|
4,753
|
|
Coupa Software, Inc.:
|
|||
0.125% 6/15/25
|
9,464
|
8,016
|
|
0.375% 6/15/26
|
18,045
|
14,219
|
|
CyberArk Software Ltd. 0% 11/15/24
|
4,989
|
5,601
|
|
Datadog, Inc. 0.125% 6/15/25
|
3,118
|
4,169
|
|
DocuSign, Inc. 0% 1/15/24
|
7,965
|
7,459
|
|
Dropbox, Inc.:
|
|||
0% 3/1/26
|
1,969
|
1,774
|
|
0% 3/1/28
|
2,025
|
1,790
|
|
Dye & Durham Ltd. 3.75% 3/1/26 (b)(d)
|
CAD
|
257
|
152
|
Everbridge, Inc.:
|
|||
0% 3/15/26
|
5,786
|
5,133
|
|
0.125% 12/15/24
|
2,704
|
2,515
|
|
Five9, Inc. 0.5% 6/1/25
|
6,758
|
6,846
|
|
Guidewire Software, Inc. 1.25% 3/15/25
|
2,797
|
2,642
|
|
HubSpot, Inc. 0.375% 6/1/25
|
4,667
|
6,380
|
|
InterDigital, Inc. 3.5% 6/1/27 (b)
|
270
|
257
|
|
LivePerson, Inc.:
|
|||
0% 12/15/26
|
16,401
|
11,502
|
|
0.75% 3/1/24
|
4,606
|
4,247
|
|
Mandiant, Inc.:
|
|||
0.875% 6/1/24
|
5,809
|
6,515
|
|
1.625% 6/1/35
|
3,351
|
3,333
|
|
New Relic, Inc. 0.5% 5/1/23
|
4,454
|
4,354
|
|
Nutanix, Inc. 0% 1/15/23
|
351
|
345
|
|
Pagerduty, Inc. 1.25% 7/1/25
|
1,647
|
1,636
|
|
Palo Alto Networks, Inc.:
|
|||
0.375% 6/1/25
|
13,950
|
26,477
|
|
0.75% 7/1/23
|
11,781
|
24,705
|
|
Pegasystems, Inc. 0.75% 3/1/25
|
1,489
|
1,227
|
|
Progress Software Corp. 1% 4/15/26
|
4,250
|
4,284
|
|
Q2 Holdings, Inc. 0.75% 6/1/26
|
4,003
|
3,397
|
|
Rapid7, Inc.:
|
|||
0.25% 3/15/27
|
5,133
|
4,414
|
|
2.25% 5/1/25
|
6,828
|
7,910
|
|
RingCentral, Inc.:
|
|||
0% 3/1/25
|
5,282
|
4,453
|
|
0% 3/15/26
|
9,276
|
7,254
|
|
SailPoint Technologies Holding, Inc. 0.125% 9/15/24
|
2,686
|
6,221
|
|
Splunk, Inc.:
|
|||
0.5% 9/15/23
|
2,974
|
2,885
|
|
1.125% 9/15/25
|
7,367
|
7,006
|
|
1.125% 6/15/27
|
2,650
|
2,223
|
|
Tyler Technologies, Inc. 0.25% 3/15/26
|
8,400
|
8,366
|
|
Unity Software, Inc. 0% 11/15/26 (b)
|
5,982
|
4,516
|
|
Varonis Systems, Inc. 1.25% 8/15/25
|
4,104
|
4,625
|
|
Verint Systems, Inc. 0.25% 4/15/26
|
1,780
|
1,744
|
|
Veritone, Inc. 1.75% 11/15/26 (b)
|
2,634
|
1,736
|
|
Workday, Inc. 0.25% 10/1/22
|
7,870
|
8,787
|
|
Workiva, Inc. 1.125% 8/15/26
|
5,983
|
6,557
|
|
Zendesk, Inc. 0.625% 6/15/25
|
7,815
|
7,647
|
|
Zscaler, Inc. 0.125% 7/1/25
|
4,680
|
5,876
|
|
295,253
|
|||
TOTAL INFORMATION TECHNOLOGY
|
461,910
|
||
MATERIALS - 1.2%
|
|||
Chemicals - 0.5%
|
|||
Amyris, Inc. 1.5% 11/15/26 (b)
|
6,055
|
3,103
|
|
Danimer Scientific, Inc. 3.25% 12/15/26 (b)
|
260
|
166
|
|
Livent Corp. 4.125% 7/15/25
|
1,384
|
5,213
|
|
8,482
|
|||
Metals & Mining - 0.7%
|
|||
ATI, Inc. 3.5% 6/15/25
|
170
|
345
|
|
MP Materials Corp. 0.25% 4/1/26 (b)
|
4,414
|
4,588
|
|
SSR Mining, Inc. 2.5% 4/1/39
|
4,636
|
4,819
|
|
United States Steel Corp. 5% 11/1/26
|
1,847
|
3,439
|
|
13,191
|
|||
TOTAL MATERIALS
|
21,673
|
||
REAL ESTATE - 2.1%
|
|||
Equity Real Estate Investment Trusts (REITs) - 1.8%
|
|||
Pebblebrook Hotel Trust 1.75% 12/15/26
|
6,682
|
6,324
|
|
Porch Group, Inc. 0.75% 9/15/26 (b)
|
20,346
|
11,363
|
|
Summit Hotel Properties, Inc. 1.5% 2/15/26
|
8,047
|
7,142
|
|
Uniti Fiber Holdings, Inc. 4% 6/15/24 (b)
|
7,971
|
8,300
|
|
33,129
|
|||
Real Estate Management & Development - 0.3%
|
|||
Opendoor Technologies, Inc. 0.25% 8/15/26 (b)
|
2,614
|
1,648
|
|
Realogy Group LLC/Realogy Co-Issuer Corp. 0.25% 6/15/26
|
268
|
203
|
|
Redfin Corp.:
|
|||
0% 10/15/25
|
1,710
|
1,086
|
|
0.5% 4/1/27
|
2,913
|
1,465
|
|
Zillow Group, Inc. 2.75% 5/15/25
|
187
|
181
|
|
4,583
|
|||
TOTAL REAL ESTATE
|
37,712
|
||
UTILITIES - 0.5%
|
|||
Electric Utilities - 0.2%
|
|||
NRG Energy, Inc. 2.75% 6/1/48
|
2,734
|
3,068
|
|
Independent Power and Renewable Electricity Producers - 0.3%
|
|||
NextEra Energy Partners LP 0% 6/15/24 (b)
|
210
|
211
|
|
Ormat Technologies, Inc. 2.5% 7/15/27 (b)
|
1,700
|
2,050
|
|
Sunnova Energy International, Inc.:
|
|||
0.25% 12/1/26
|
200
|
185
|
|
2.625% 2/15/28(b)
|
3,980
|
3,910
|
|
6,356
|
|||
TOTAL UTILITIES
|
9,424
|
||
TOTAL CONVERTIBLE BONDS
|
1,221,426
|
||
Nonconvertible Bonds - 2.8%
|
|||
COMMUNICATION SERVICES - 0.5%
|
|||
Media - 0.5%
|
|||
Gannett Holdings LLC 6% 11/1/26 (b)
|
11,650
|
9,087
|
|
CONSUMER DISCRETIONARY - 0.0%
|
|||
Auto Components - 0.0%
|
|||
Luminar Technologies, Inc. 1.25% 12/15/26 (b)
|
260
|
178
|
|
CONSUMER STAPLES - 0.6%
|
|||
Food & Staples Retailing - 0.2%
|
|||
Albertsons Companies LLC/Safeway, Inc./New Albertson's, Inc./Albertson's LLC:
|
|||
3.5% 3/15/29(b)
|
755
|
620
|
|
4.875% 2/15/30(b)
|
2,445
|
2,141
|
|
2,761
|
|||
Tobacco - 0.4%
|
|||
Turning Point Brands, Inc. 5.625% 2/15/26 (b)
|
9,153
|
8,122
|
|
TOTAL CONSUMER STAPLES
|
10,883
|
||
ENERGY - 0.7%
|
|||
Oil, Gas & Consumable Fuels - 0.7%
|
|||
Calumet Specialty Products Partners LP/Calumet Finance Corp. 11% 4/15/25 (b)
|
10,400
|
10,891
|
|
SFL Corp. Ltd. 7.25% 5/12/26 (b)
|
2,800
|
2,727
|
|
13,618
|
|||
HEALTH CARE - 0.2%
|
|||
Health Care Providers & Services - 0.2%
|
|||
Community Health Systems, Inc. 6.125% 4/1/30 (b)
|
5,025
|
3,114
|
|
INDUSTRIALS - 0.6%
|
|||
Construction & Engineering - 0.3%
|
|||
Pike Corp. 5.5% 9/1/28 (b)
|
6,950
|
5,746
|
|
Marine - 0.3%
|
|||
Seaspan Corp. 5.5% 8/1/29 (b)
|
6,300
|
5,188
|
|
TOTAL INDUSTRIALS
|
10,934
|
||
MATERIALS - 0.2%
|
|||
Metals & Mining - 0.2%
|
|||
ERO Copper Corp. 6.5% 2/15/30 (b)
|
1,177
|
872
|
|
Infrabuild Australia Pty Ltd. 12% 10/1/24 (b)
|
2,065
|
1,948
|
|
2,820
|
|||
TOTAL NONCONVERTIBLE BONDS
|
50,634
|
||
TOTAL CORPORATE BONDS
(Cost $1,292,824)
|
1,272,060
|
||
Common Stocks - 14.3%
|
|||
Shares
|
Value ($)
(000s)
|
||
COMMUNICATION SERVICES - 0.4%
|
|||
Media - 0.4%
|
|||
Gannett Co., Inc. (e)(f)
|
3,123,469
|
7,246
|
|
CONSUMER DISCRETIONARY - 1.0%
|
|||
Hotels, Restaurants & Leisure - 1.0%
|
|||
A&W Revenue Royalties Income Fund
|
172,700
|
4,700
|
|
Super Group SGHC Ltd. (e)(f)
|
3,078,412
|
12,745
|
|
17,445
|
|||
CONSUMER STAPLES - 0.3%
|
|||
Food & Staples Retailing - 0.3%
|
|||
Albertsons Companies, Inc.
|
166,200
|
4,572
|
|
ENERGY - 7.8%
|
|||
Oil, Gas & Consumable Fuels - 7.8%
|
|||
Calumet Specialty Products Partners LP (e)
|
624,506
|
10,816
|
|
DHT Holdings, Inc.
|
7,895,212
|
61,660
|
|
Enviva, Inc.
|
76,161
|
5,295
|
|
Euronav NV (f)
|
2,337,600
|
37,963
|
|
Scorpio Tankers, Inc.
|
383,833
|
15,967
|
|
SFL Corp. Ltd.
|
855,326
|
9,152
|
|
140,853
|
|||
HEALTH CARE - 0.5%
|
|||
Health Care Technology - 0.2%
|
|||
Change Healthcare, Inc. (e)
|
125,639
|
3,087
|
|
Pharmaceuticals - 0.3%
|
|||
Sanofi SA sponsored ADR
|
137,700
|
5,650
|
|
TOTAL HEALTH CARE
|
8,737
|
||
INDUSTRIALS - 1.7%
|
|||
Electrical Equipment - 1.7%
|
|||
Babcock & Wilcox Enterprises, Inc. (e)(f)
|
3,895,085
|
31,083
|
|
MATERIALS - 2.6%
|
|||
Chemicals - 0.6%
|
|||
Corteva, Inc.
|
88,200
|
5,418
|
|
Nutrien Ltd.
|
64,000
|
5,875
|
|
11,293
|
|||
Metals & Mining - 2.0%
|
|||
Agnico Eagle Mines Ltd. (United States) (f)
|
217,900
|
8,980
|
|
Barrick Gold Corp.
|
616,300
|
9,152
|
|
Newmont Corp.
|
217,500
|
8,996
|
|
Wheaton Precious Metals Corp.
|
302,900
|
9,246
|
|
36,374
|
|||
TOTAL MATERIALS
|
47,667
|
||
TOTAL COMMON STOCKS
(Cost $241,152)
|
257,603
|
||
Convertible Preferred Stocks - 13.7%
|
|||
Shares
|
Value ($)
(000s)
|
||
COMMUNICATION SERVICES - 1.5%
|
|||
Media - 0.2%
|
|||
Paramount Global Series A 5.75%
|
73,360
|
2,810
|
|
Wireless Telecommunication Services - 1.3%
|
|||
T-Mobile U.S., Inc. 5.25% (b)(e)
|
20,150
|
24,010
|
|
TOTAL COMMUNICATION SERVICES
|
26,820
|
||
CONSUMER DISCRETIONARY - 0.5%
|
|||
Auto Components - 0.3%
|
|||
Aptiv PLC Series A, 5.50%
|
54,600
|
5,927
|
|
Internet & Direct Marketing Retail - 0.2%
|
|||
Chewy, Inc. 6.50% (b)
|
4,850
|
4,118
|
|
TOTAL CONSUMER DISCRETIONARY
|
10,045
|
||
FINANCIALS - 4.1%
|
|||
Banks - 3.8%
|
|||
Bank of America Corp. 7.25%
|
26,589
|
32,614
|
|
Wells Fargo & Co. 7.50%
|
29,443
|
36,657
|
|
69,271
|
|||
Capital Markets - 0.3%
|
|||
KKR & Co. LP Series C, 6.00%
|
76,600
|
4,784
|
|
TOTAL FINANCIALS
|
74,055
|
||
HEALTH CARE - 1.9%
|
|||
Health Care Equipment & Supplies - 0.8%
|
|||
Becton, Dickinson & Co. 6.50%
|
103,200
|
5,181
|
|
Boston Scientific Corp. Series A, 5.50%
|
85,500
|
9,018
|
|
14,199
|
|||
Life Sciences Tools & Services - 1.1%
|
|||
Danaher Corp. Series B, 5.00%
|
14,350
|
20,164
|
|
TOTAL HEALTH CARE
|
34,363
|
||
INDUSTRIALS - 1.6%
|
|||
Construction & Engineering - 0.7%
|
|||
Fluor Corp. 6.50%
|
9,800
|
12,881
|
|
Machinery - 0.5%
|
|||
RBC Bearings, Inc.
|
74,500
|
8,792
|
|
Professional Services - 0.4%
|
|||
Clarivate Analytics PLC 5.00%
|
134,700
|
6,693
|
|
TOTAL INDUSTRIALS
|
28,366
|
||
INFORMATION TECHNOLOGY - 0.0%
|
|||
IT Services - 0.0%
|
|||
Sabre Corp. Series A, 6.50%
|
1,900
|
180
|
|
MATERIALS - 0.3%
|
|||
Metals & Mining - 0.3%
|
|||
ArcelorMittal SA 5.50%
|
96,600
|
5,449
|
|
UTILITIES - 3.8%
|
|||
Electric Utilities - 2.7%
|
|||
American Electric Power Co., Inc. 6.125%
|
96,600
|
5,280
|
|
NextEra Energy, Inc.:
|
|||
5.279%
|
338,000
|
17,546
|
|
6.219%
|
272,100
|
14,231
|
|
PG&E Corp.
|
103,500
|
11,773
|
|
48,830
|
|||
Gas Utilities - 0.4%
|
|||
UGI Corp. 7.125%
|
84,700
|
7,675
|
|
Independent Power and Renewable Electricity Producers - 0.7%
|
|||
The AES Corp. 6.875%
|
122,400
|
11,876
|
|
Multi-Utilities - 0.0%
|
|||
NiSource, Inc. 7.75%
|
2,200
|
248
|
|
TOTAL UTILITIES
|
68,629
|
||
TOTAL CONVERTIBLE PREFERRED STOCKS
(Cost $246,994)
|
247,907
|
||
Money Market Funds - 3.1%
|
|||
Shares
|
Value ($)
(000s)
|
||
Fidelity Cash Central Fund 2.33% (g)
|
37,599,518
|
37,607
|
|
Fidelity Securities Lending Cash Central Fund 2.34% (g)(h)
|
18,821,413
|
18,823
|
|
TOTAL MONEY MARKET FUNDS
(Cost $56,430)
|
56,430
|
||
TOTAL INVESTMENT IN SECURITIES - 101.4%
(Cost $1,837,400)
|
1,834,000
|
NET OTHER ASSETS (LIABILITIES) - (1.4)%
|
(25,539)
|
NET ASSETS - 100.0%
|
1,808,461
|
CAD
|
-
|
Canadian dollar
|
(a)
|
Amount is stated in United States dollars unless otherwise noted.
|
(b)
|
Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $309,197,000 or 17.1% of net assets.
|
(c)
|
Non-income producing - Security is in default.
|
(d)
|
Level 3 security
|
(e)
|
Non-income producing
|
(f)
|
Security or a portion of the security is on loan at period end.
|
(g)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
(h)
|
Investment made with cash collateral received from securities on loan.
|
Affiliate (Amounts in thousands)
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
%ownership,
end
of period
|
Fidelity Cash Central Fund 2.33%
|
25,542
|
714,746
|
702,681
|
449
|
-
|
-
|
37,607
|
0.1%
|
Fidelity Securities Lending Cash Central Fund 2.34%
|
12,818
|
157,189
|
151,184
|
147
|
-
|
-
|
18,823
|
0.1%
|
Total
|
38,360
|
871,935
|
853,865
|
596
|
-
|
-
|
56,430
|
|