Corporate Bonds - 59.8%
|
|||
Principal
Amount (a)
(000s)
|
Value ($)
(000s)
|
||
Convertible Bonds - 0.6%
|
|||
Broadcasting - 0.4%
|
|||
DISH Network Corp.:
|
|||
0% 12/15/25
|
6,054
|
4,307
|
|
3.375% 8/15/26
|
8,600
|
4,988
|
|
9,295
|
|||
Diversified Financial Services - 0.2%
|
|||
New Cotai LLC 5% 2/24/27 (b)
|
1,835
|
3,781
|
|
TOTAL CONVERTIBLE BONDS
|
13,076
|
||
Nonconvertible Bonds - 59.2%
|
|||
Aerospace - 3.8%
|
|||
ATI, Inc.:
|
|||
4.875% 10/1/29
|
845
|
781
|
|
5.125% 10/1/31
|
750
|
684
|
|
Bombardier, Inc.:
|
|||
6% 2/15/28 (c)
|
830
|
809
|
|
7.125% 6/15/26 (c)
|
1,261
|
1,272
|
|
7.875% 4/15/27 (c)
|
3,454
|
3,450
|
|
8.75% 11/15/30 (c)
|
1,475
|
1,548
|
|
Kaiser Aluminum Corp. 4.625% 3/1/28 (c)
|
1,575
|
1,451
|
|
Moog, Inc. 4.25% 12/15/27 (c)
|
480
|
449
|
|
Rolls-Royce PLC 5.75% 10/15/27 (c)
|
1,440
|
1,441
|
|
TransDigm, Inc.:
|
|||
4.625% 1/15/29
|
4,860
|
4,544
|
|
4.875% 5/1/29
|
15,000
|
14,019
|
|
5.5% 11/15/27
|
14,675
|
14,326
|
|
6.25% 3/15/26 (c)
|
6,870
|
6,823
|
|
6.75% 8/15/28 (c)
|
8,160
|
8,282
|
|
6.875% 12/15/30 (c)
|
7,770
|
7,952
|
|
7.125% 12/1/31 (c)
|
1,950
|
2,032
|
|
7.5% 3/15/27
|
6,780
|
6,798
|
|
Triumph Group, Inc. 9% 3/15/28 (c)
|
1,435
|
1,514
|
|
VistaJet Malta Finance PLC / XO Management Holding, Inc. 9.5% 6/1/28 (c)
|
1,440
|
1,220
|
|
79,395
|
|||
Air Transportation - 1.3%
|
|||
Air Canada 3.875% 8/15/26 (c)
|
1,240
|
1,179
|
|
Allegiant Travel Co. 7.25% 8/15/27 (c)
|
1,320
|
1,290
|
|
American Airlines, Inc.:
|
|||
7.25% 2/15/28 (c)
|
3,155
|
3,198
|
|
8.5% 5/15/29 (c)
|
3,235
|
3,429
|
|
American Airlines, Inc. / AAdvantage Loyalty IP Ltd. 5.75% 4/20/29 (c)
|
4,820
|
4,733
|
|
Hawaiian Brand Intellectual Property Ltd. / HawaiianMiles Loyalty Ltd. 5.75% 1/20/26 (c)
|
3,145
|
2,959
|
|
Rand Parent LLC 8.5% 2/15/30 (c)
|
2,390
|
2,366
|
|
Spirit Loyalty Cayman Ltd. / Spirit IP Cayman Ltd.:
|
|||
8% 9/20/25 (c)
|
470
|
307
|
|
8% 9/20/25 (c)
|
1,044
|
681
|
|
United Airlines, Inc.:
|
|||
4.375% 4/15/26 (c)
|
3,965
|
3,825
|
|
4.625% 4/15/29 (c)
|
3,180
|
2,942
|
|
26,909
|
|||
Automotive & Auto Parts - 1.1%
|
|||
Adient Global Holdings Ltd. 7% 4/15/28 (c)
|
960
|
981
|
|
Allison Transmission, Inc. 5.875% 6/1/29 (c)
|
1,265
|
1,257
|
|
Arko Corp. 5.125% 11/15/29 (c)
|
1,290
|
1,137
|
|
Clarios Global LP / Clarios U.S. Finance Co. 6.75% 5/15/28 (c)
|
1,920
|
1,945
|
|
Dana, Inc.:
|
|||
4.25% 9/1/30
|
1,185
|
1,036
|
|
4.5% 2/15/32
|
1,305
|
1,122
|
|
LCM Investments Holdings 8.25% 8/1/31 (c)
|
1,160
|
1,191
|
|
Macquarie AirFinance Holdings 8.125% 3/30/29 (c)
|
1,475
|
1,530
|
|
McLaren Finance PLC 7.5% 8/1/26 (c)
|
1,130
|
991
|
|
Nesco Holdings II, Inc. 5.5% 4/15/29 (c)
|
1,850
|
1,734
|
|
Rivian Holdco & Rivian LLC & Rivian Automotive LLC 6 month U.S. LIBOR + 5.620% 11.4932% 10/15/26 (c)(d)(e)
|
4,255
|
4,264
|
|
Tenneco, Inc. 8% 11/17/28 (c)
|
2,915
|
2,539
|
|
Wand NewCo 3, Inc. 7.625% 1/30/32 (c)
|
1,995
|
2,060
|
|
21,787
|
|||
Banks & Thrifts - 1.3%
|
|||
Ally Financial, Inc.:
|
|||
8% 11/1/31
|
16,223
|
17,950
|
|
8% 11/1/31
|
3,105
|
3,430
|
|
CQP Holdco LP / BIP-V Chinook Holdco LLC 5.5% 6/15/31 (c)
|
4,245
|
3,960
|
|
Jane Street Group LLC/JSG Finance, Inc. 4.5% 11/15/29 (c)
|
1,240
|
1,134
|
|
26,474
|
|||
Broadcasting - 0.9%
|
|||
DISH Network Corp. 11.75% 11/15/27 (c)
|
6,645
|
6,935
|
|
Scripps Escrow II, Inc. 3.875% 1/15/29 (c)
|
360
|
310
|
|
Sirius XM Radio, Inc.:
|
|||
3.875% 9/1/31 (c)
|
1,655
|
1,380
|
|
4% 7/15/28 (c)
|
1,695
|
1,539
|
|
5% 8/1/27 (c)
|
1,575
|
1,514
|
|
Univision Communications, Inc.:
|
|||
4.5% 5/1/29 (c)
|
1,610
|
1,431
|
|
7.375% 6/30/30 (c)
|
6,430
|
6,304
|
|
19,413
|
|||
Building Materials - 0.6%
|
|||
Advanced Drain Systems, Inc.:
|
|||
5% 9/30/27 (c)
|
355
|
342
|
|
6.375% 6/15/30 (c)
|
890
|
897
|
|
Brundage-Bone Concrete Pumping Holdings, Inc. 6% 2/1/26 (c)
|
835
|
823
|
|
MIWD Holdco II LLC / MIWD Finance Corp. 5.5% 2/1/30 (c)
|
590
|
537
|
|
Smyrna Ready Mix LLC 8.875% 11/15/31 (c)
|
3,925
|
4,123
|
|
SRS Distribution, Inc.:
|
|||
4.625% 7/1/28 (c)
|
1,540
|
1,437
|
|
6.125% 7/1/29 (c)
|
650
|
615
|
|
Summit Materials LLC/Summit Materials Finance Corp.:
|
|||
5.25% 1/15/29 (c)
|
1,445
|
1,399
|
|
7.25% 1/15/31 (c)
|
1,480
|
1,538
|
|
11,711
|
|||
Cable/Satellite TV - 2.5%
|
|||
CCO Holdings LLC/CCO Holdings Capital Corp.:
|
|||
4.25% 2/1/31 (c)
|
2,275
|
1,924
|
|
4.5% 5/1/32
|
16,160
|
13,482
|
|
4.75% 3/1/30 (c)
|
8,310
|
7,384
|
|
4.75% 2/1/32 (c)
|
3,745
|
3,212
|
|
5% 2/1/28 (c)
|
3,440
|
3,233
|
|
5.125% 5/1/27 (c)
|
8,920
|
8,603
|
|
6.375% 9/1/29 (c)
|
1,765
|
1,719
|
|
CSC Holdings LLC:
|
|||
5.375% 2/1/28 (c)
|
1,195
|
1,027
|
|
5.5% 4/15/27 (c)
|
3,055
|
2,745
|
|
6.5% 2/1/29 (c)
|
40
|
34
|
|
DISH DBS Corp. 5.75% 12/1/28 (c)
|
2,170
|
1,460
|
|
VZ Secured Financing BV 5% 1/15/32 (c)
|
3,855
|
3,370
|
|
Ziggo BV 4.875% 1/15/30 (c)
|
3,795
|
3,393
|
|
51,586
|
|||
Capital Goods - 0.2%
|
|||
ATS Corp. 4.125% 12/15/28 (c)
|
1,015
|
921
|
|
Chart Industries, Inc. 7.5% 1/1/30 (c)
|
2,500
|
2,566
|
|
3,487
|
|||
Chemicals - 1.8%
|
|||
Compass Minerals International, Inc. 6.75% 12/1/27 (c)
|
3,850
|
3,797
|
|
Ingevity Corp. 3.875% 11/1/28 (c)
|
1,515
|
1,335
|
|
LSB Industries, Inc. 6.25% 10/15/28 (c)
|
3,360
|
3,191
|
|
NOVA Chemicals Corp. 8.5% 11/15/28 (c)
|
1,325
|
1,387
|
|
Olin Corp. 5% 2/1/30
|
1,555
|
1,466
|
|
Olympus Water U.S. Holding Corp.:
|
|||
4.25% 10/1/28 (c)
|
3,370
|
3,076
|
|
7.125% 10/1/27 (c)
|
1,070
|
1,074
|
|
9.75% 11/15/28 (c)
|
4,875
|
5,158
|
|
SCIH Salt Holdings, Inc. 4.875% 5/1/28 (c)
|
1,035
|
961
|
|
SCIL IV LLC / SCIL U.S.A. Holdings LLC 5.375% 11/1/26 (c)
|
1,985
|
1,930
|
|
The Chemours Co. LLC:
|
|||
4.625% 11/15/29 (c)
|
575
|
499
|
|
5.375% 5/15/27
|
4,500
|
4,377
|
|
5.75% 11/15/28 (c)
|
2,355
|
2,221
|
|
Tronox, Inc. 4.625% 3/15/29 (c)
|
1,705
|
1,505
|
|
W.R. Grace Holding LLC:
|
|||
5.625% 8/15/29 (c)
|
4,675
|
4,122
|
|
7.375% 3/1/31 (c)
|
950
|
968
|
|
37,067
|
|||
Consumer Products - 1.0%
|
|||
Angi Group LLC 3.875% 8/15/28 (c)
|
750
|
645
|
|
Foundation Building Materials, Inc. 6% 3/1/29 (c)
|
735
|
646
|
|
Gannett Holdings LLC 6% 11/1/26 (c)
|
1,230
|
1,110
|
|
HFC Prestige Products, Inc./HFC Prestige International U.S. LLC 4.75% 1/15/29 (c)
|
1,240
|
1,182
|
|
PetSmart, Inc. / PetSmart Finance Corp.:
|
|||
4.75% 2/15/28 (c)
|
2,260
|
2,111
|
|
7.75% 2/15/29 (c)
|
2,540
|
2,455
|
|
Spectrum Brands Holdings, Inc. 3.875% 3/15/31 (c)
|
1,080
|
1,000
|
|
Tempur Sealy International, Inc.:
|
|||
3.875% 10/15/31 (c)
|
2,230
|
1,882
|
|
4% 4/15/29 (c)
|
2,545
|
2,296
|
|
The Scotts Miracle-Gro Co. 4% 4/1/31
|
1,530
|
1,280
|
|
TKC Holdings, Inc. 6.875% 5/15/28 (c)
|
5,855
|
5,343
|
|
Windsor Holdings III, LLC 8.5% 6/15/30 (c)
|
955
|
983
|
|
20,933
|
|||
Containers - 0.6%
|
|||
BWAY Holding Co. 7.875% 8/15/26 (c)
|
1,895
|
1,915
|
|
Crown Americas LLC/Crown Americas Capital Corp. IV 4.75% 2/1/26
|
4,780
|
4,680
|
|
Crown Americas LLC/Crown Americas Capital Corp. V 4.25% 9/30/26
|
1,210
|
1,166
|
|
Graham Packaging Co., Inc. 7.125% 8/15/28 (c)
|
825
|
736
|
|
Graphic Packaging International, Inc. 3.75% 2/1/30 (c)
|
1,125
|
1,005
|
|
Intelligent Packaging Ltd. Finco, Inc. 6% 9/15/28 (c)
|
570
|
536
|
|
Sealed Air Corp./Sealed Air Corp. U.S. 6.125% 2/1/28 (c)
|
950
|
953
|
|
Trident TPI Holdings, Inc. 12.75% 12/31/28 (c)
|
950
|
1,013
|
|
12,004
|
|||
Diversified Financial Services - 2.3%
|
|||
Broadstreet Partners, Inc. 5.875% 4/15/29 (c)
|
2,115
|
2,006
|
|
Cargo Aircraft Management, Inc. 4.75% 2/1/28 (c)
|
965
|
878
|
|
Coinbase Global, Inc.:
|
|||
3.375% 10/1/28 (c)
|
4,600
|
3,770
|
|
3.625% 10/1/31 (c)
|
2,715
|
2,036
|
|
Compass Group Diversified Holdings LLC:
|
|||
5% 1/15/32 (c)
|
870
|
783
|
|
5.25% 4/15/29 (c)
|
2,270
|
2,162
|
|
Fortress Transportation & Infrastructure Investors LLC 7.875% 12/1/30 (c)
|
1,465
|
1,545
|
|
Hightower Holding LLC 6.75% 4/15/29 (c)
|
785
|
713
|
|
Icahn Enterprises LP/Icahn Enterprises Finance Corp.:
|
|||
4.375% 2/1/29
|
3,415
|
2,854
|
|
5.25% 5/15/27
|
5,030
|
4,521
|
|
6.25% 5/15/26
|
5,825
|
5,581
|
|
MSCI, Inc.:
|
|||
3.25% 8/15/33 (c)
|
1,245
|
1,041
|
|
4% 11/15/29 (c)
|
900
|
836
|
|
OneMain Finance Corp.:
|
|||
4% 9/15/30
|
720
|
610
|
|
5.375% 11/15/29
|
9,325
|
8,628
|
|
6.625% 1/15/28
|
1,185
|
1,181
|
|
6.875% 3/15/25
|
775
|
778
|
|
7.125% 3/15/26
|
4,710
|
4,774
|
|
7.875% 3/15/30
|
985
|
1,001
|
|
Williams Scotsman, Inc. 7.375% 10/1/31 (c)
|
985
|
1,032
|
|
46,730
|
|||
Energy - 8.6%
|
|||
Altus Midstream LP 5.875% 6/15/30 (c)
|
1,335
|
1,311
|
|
Antero Midstream Partners LP/Antero Midstream Finance Corp.:
|
|||
5.375% 6/15/29 (c)
|
1,205
|
1,157
|
|
5.75% 3/1/27 (c)
|
2,655
|
2,635
|
|
5.75% 1/15/28 (c)
|
1,705
|
1,674
|
|
Atlantica Sustainable Infrastructure PLC 4.125% 6/15/28 (c)
|
1,045
|
967
|
|
Borr IHC Ltd. / Borr Finance Ltd.:
|
|||
10% 11/15/28 (c)
|
1,475
|
1,527
|
|
10.375% 11/15/30 (c)
|
490
|
507
|
|
Callon Petroleum Co. 6.375% 7/1/26
|
1,080
|
1,080
|
|
CGG SA 8.75% 4/1/27 (c)
|
1,530
|
1,348
|
|
Chesapeake Energy Corp.:
|
|||
4.875% (b)(f)
|
2,950
|
0
|
|
5.75% (b)(f)
|
1,890
|
0
|
|
5.875% 2/1/29 (c)
|
2,735
|
2,716
|
|
6.75% 4/15/29 (c)
|
1,150
|
1,163
|
|
7% (b)(f)
|
840
|
0
|
|
8% (b)(f)
|
300
|
0
|
|
8% (b)(f)
|
480
|
0
|
|
Citgo Petroleum Corp.:
|
|||
6.375% 6/15/26 (c)
|
1,105
|
1,103
|
|
7% 6/15/25 (c)
|
3,035
|
3,035
|
|
8.375% 1/15/29 (c)
|
4,325
|
4,494
|
|
Civitas Resources, Inc. 8.625% 11/1/30 (c)
|
1,985
|
2,117
|
|
CNX Midstream Partners LP 4.75% 4/15/30 (c)
|
900
|
784
|
|
CNX Resources Corp.:
|
|||
6% 1/15/29 (c)
|
690
|
667
|
|
7.375% 1/15/31 (c)
|
890
|
904
|
|
Comstock Resources, Inc.:
|
|||
5.875% 1/15/30 (c)
|
4,426
|
3,835
|
|
6.75% 3/1/29 (c)
|
7,095
|
6,515
|
|
CQP Holdco LP / BIP-V Chinook Holdco LLC 7.5% 12/15/33 (c)
|
2,610
|
2,675
|
|
CrownRock LP/CrownRock Finance, Inc. 5% 5/1/29 (c)
|
665
|
657
|
|
CVR Energy, Inc.:
|
|||
5.25% 2/15/25 (c)
|
3,075
|
3,071
|
|
5.75% 2/15/28 (c)
|
3,170
|
2,929
|
|
8.5% 1/15/29 (c)
|
6,890
|
6,899
|
|
DCP Midstream Operating LP 8.125% 8/16/30
|
130
|
150
|
|
Delek Logistics Partners LP/Delek Logistics Finance Corp. 7.125% 6/1/28 (c)
|
2,645
|
2,520
|
|
Diamond Foreign Asset Co. / Diamond Finance, LLC 8.5% 10/1/30 (c)
|
985
|
1,012
|
|
DT Midstream, Inc.:
|
|||
4.125% 6/15/29 (c)
|
1,215
|
1,116
|
|
4.375% 6/15/31 (c)
|
1,215
|
1,088
|
|
Endeavor Energy Resources LP/EER Finance, Inc. 5.75% 1/30/28 (c)
|
1,365
|
1,359
|
|
Energy Transfer LP:
|
|||
5.625% 5/1/27 (c)
|
12,200
|
12,177
|
|
6% 2/1/29 (c)
|
8,530
|
8,572
|
|
EnLink Midstream LLC:
|
|||
5.375% 6/1/29
|
650
|
633
|
|
6.5% 9/1/30 (c)
|
2,725
|
2,781
|
|
Global Partners LP/GLP Finance Corp. 8.25% 1/15/32 (c)
|
1,235
|
1,267
|
|
Hess Midstream Operations LP:
|
|||
4.25% 2/15/30 (c)
|
1,345
|
1,237
|
|
5.125% 6/15/28 (c)
|
1,570
|
1,523
|
|
5.5% 10/15/30 (c)
|
890
|
870
|
|
5.625% 2/15/26 (c)
|
2,690
|
2,673
|
|
HF Sinclair Corp.:
|
|||
5% 2/1/28 (c)
|
1,060
|
1,029
|
|
6.375% 4/15/27 (c)
|
890
|
894
|
|
Hilcorp Energy I LP/Hilcorp Finance Co. 6.25% 11/1/28 (c)
|
310
|
309
|
|
Howard Midstream Energy Partners LLC 8.875% 7/15/28 (c)
|
2,400
|
2,521
|
|
Jonah Energy Parent LLC 12% 11/5/25 (b)(g)
|
1,621
|
1,714
|
|
KLX Energy Services Holdings, Inc. 11.5% 11/1/25 (c)
|
2,300
|
2,269
|
|
Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas Finance Corp. 6% 8/1/26 (c)
|
2,055
|
2,031
|
|
MEG Energy Corp. 7.125% 2/1/27 (c)
|
1,580
|
1,599
|
|
Mesquite Energy, Inc. 7.25% (b)(c)(f)
|
6,264
|
0
|
|
Nabors Industries Ltd. 7.5% 1/15/28 (c)
|
1,360
|
1,244
|
|
Nabors Industries, Inc. 9.125% 1/31/30 (c)
|
1,950
|
1,984
|
|
New Fortress Energy, Inc.:
|
|||
6.5% 9/30/26 (c)
|
3,115
|
3,018
|
|
6.75% 9/15/25 (c)
|
3,630
|
3,587
|
|
NGL Energy Operating LLC/NGL Energy Finance Corp. 7.5% 2/1/26 (c)
|
1,410
|
1,435
|
|
Noble Finance II LLC 8% 4/15/30 (c)
|
960
|
997
|
|
Northern Oil & Gas, Inc.:
|
|||
8.125% 3/1/28 (c)
|
990
|
1,005
|
|
8.75% 6/15/31 (c)
|
1,950
|
2,038
|
|
Occidental Petroleum Corp. 7.2% 3/15/29
|
545
|
583
|
|
PBF Holding Co. LLC/PBF Finance Corp.:
|
|||
6% 2/15/28
|
3,845
|
3,758
|
|
7.875% 9/15/30 (c)
|
2,930
|
3,035
|
|
Permian Resources Operating LLC 5.875% 7/1/29 (c)
|
1,165
|
1,145
|
|
Seadrill Finance Ltd. 8.375% 8/1/30 (c)
|
1,925
|
2,003
|
|
Sitio Royalties OP / Sitio Finance Corp. 7.875% 11/1/28 (c)
|
2,460
|
2,523
|
|
SM Energy Co.:
|
|||
5.625% 6/1/25
|
2,480
|
2,456
|
|
6.625% 1/15/27
|
850
|
846
|
|
6.75% 9/15/26
|
845
|
844
|
|
Southwestern Energy Co. 5.375% 3/15/30
|
1,665
|
1,609
|
|
Suburban Propane Partners LP/Suburban Energy Finance Corp. 5% 6/1/31 (c)
|
1,610
|
1,447
|
|
Sunnova Energy Corp.:
|
|||
5.875% 9/1/26 (c)
|
485
|
403
|
|
11.75% 10/1/28 (c)
|
2,950
|
2,566
|
|
Sunoco LP/Sunoco Finance Corp.:
|
|||
4.5% 5/15/29
|
1,320
|
1,230
|
|
4.5% 4/30/30
|
1,710
|
1,581
|
|
6% 4/15/27
|
4,740
|
4,741
|
|
7% 9/15/28 (c)
|
985
|
1,007
|
|
Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp.:
|
|||
5.5% 1/15/28 (c)
|
95
|
91
|
|
6% 3/1/27 (c)
|
950
|
935
|
|
6% 9/1/31 (c)
|
1,620
|
1,492
|
|
Talos Production, Inc.:
|
|||
9% 2/1/29 (c)(h)
|
880
|
892
|
|
9.375% 2/1/31 (c)(h)
|
1,000
|
1,023
|
|
Targa Resources Partners LP/Targa Resources Partners Finance Corp. 4.875% 2/1/31
|
1,405
|
1,347
|
|
Teine Energy Ltd. 6.875% 4/15/29 (c)
|
1,145
|
1,086
|
|
Transocean Titan Finance Ltd. 8.375% 2/1/28 (c)
|
1,977
|
2,043
|
|
Transocean, Inc.:
|
|||
7.5% 1/15/26 (c)
|
480
|
475
|
|
8% 2/1/27 (c)
|
1,430
|
1,419
|
|
8.75% 2/15/30 (c)
|
4,475
|
4,637
|
|
11.5% 1/30/27 (c)
|
1,975
|
2,064
|
|
Valaris Ltd. 8.375% 4/30/30 (c)
|
975
|
1,000
|
|
Venture Global Calcasieu Pass LLC:
|
|||
3.875% 8/15/29 (c)
|
1,035
|
925
|
|
4.125% 8/15/31 (c)
|
1,035
|
915
|
|
6.25% 1/15/30 (c)
|
3,835
|
3,838
|
|
178,381
|
|||
Environmental - 0.9%
|
|||
Clean Harbors, Inc. 6.375% 2/1/31 (c)
|
790
|
800
|
|
Covanta Holding Corp.:
|
|||
4.875% 12/1/29 (c)
|
4,810
|
4,154
|
|
5% 9/1/30
|
1,940
|
1,649
|
|
Darling Ingredients, Inc.:
|
|||
5.25% 4/15/27 (c)
|
2,655
|
2,609
|
|
6% 6/15/30 (c)
|
2,040
|
2,027
|
|
GFL Environmental, Inc.:
|
|||
4% 8/1/28 (c)
|
1,275
|
1,170
|
|
4.75% 6/15/29 (c)
|
1,625
|
1,525
|
|
6.75% 1/15/31 (c)
|
1,450
|
1,483
|
|
Madison IAQ LLC:
|
|||
4.125% 6/30/28 (c)
|
1,535
|
1,411
|
|
5.875% 6/30/29 (c)
|
1,225
|
1,089
|
|
17,917
|
|||
Food & Drug Retail - 1.0%
|
|||
Albertsons Companies LLC/Safeway, Inc./New Albertson's, Inc./Albertson's LLC:
|
|||
3.5% 3/15/29 (c)
|
4,630
|
4,183
|
|
4.625% 1/15/27 (c)
|
4,225
|
4,099
|
|
4.875% 2/15/30 (c)
|
6,100
|
5,830
|
|
BellRing Brands, Inc. 7% 3/15/30 (c)
|
2,425
|
2,483
|
|
Murphy Oil U.S.A., Inc. 3.75% 2/15/31 (c)
|
675
|
582
|
|
Parkland Corp.:
|
|||
4.5% 10/1/29 (c)
|
1,145
|
1,053
|
|
4.625% 5/1/30 (c)
|
1,735
|
1,598
|
|
SEG Holding LLC/SEG Finance Corp. 5.625% 10/15/28 (c)
|
1,470
|
1,489
|
|
21,317
|
|||
Food/Beverage/Tobacco - 1.4%
|
|||
C&S Group Enterprises LLC 5% 12/15/28 (c)
|
1,110
|
901
|
|
Chobani LLC/Finance Corp., Inc. 4.625% 11/15/28 (c)
|
855
|
800
|
|
Fiesta Purchaser, Inc. 7.875% 3/1/31 (c)(h)
|
1,895
|
1,895
|
|
KeHE Distributor / Nextwave 9% 2/15/29 (c)(h)
|
3,610
|
3,643
|
|
KeHE Distributors LLC / KeHE Finance Corp. 8.625% 10/15/26 (c)
|
1,185
|
1,211
|
|
Lamb Weston Holdings, Inc.:
|
|||
4.125% 1/31/30 (c)
|
1,720
|
1,570
|
|
4.375% 1/31/32 (c)
|
860
|
772
|
|
Performance Food Group, Inc.:
|
|||
4.25% 8/1/29 (c)
|
1,160
|
1,063
|
|
5.5% 10/15/27 (c)
|
1,353
|
1,320
|
|
Post Holdings, Inc.:
|
|||
4.5% 9/15/31 (c)
|
6,170
|
5,542
|
|
4.625% 4/15/30 (c)
|
2,050
|
1,885
|
|
5.5% 12/15/29 (c)
|
865
|
836
|
|
5.625% 1/15/28 (c)
|
3,640
|
3,582
|
|
Simmons Foods, Inc. 4.625% 3/1/29 (c)
|
1,070
|
920
|
|
Triton Water Holdings, Inc. 6.25% 4/1/29 (c)
|
810
|
698
|
|
U.S. Foods, Inc.:
|
|||
4.625% 6/1/30 (c)
|
1,070
|
997
|
|
7.25% 1/15/32 (c)
|
985
|
1,032
|
|
United Natural Foods, Inc. 6.75% 10/15/28 (c)
|
1,055
|
886
|
|
29,553
|
|||
Gaming - 2.0%
|
|||
Affinity Interactive 6.875% 12/15/27 (c)
|
550
|
498
|
|
Boyd Gaming Corp. 4.75% 6/15/31 (c)
|
4,225
|
3,881
|
|
Caesars Entertainment, Inc.:
|
|||
6.25% 7/1/25 (c)
|
5,705
|
5,724
|
|
7% 2/15/30 (c)
|
2,845
|
2,924
|
|
Churchill Downs, Inc.:
|
|||
5.75% 4/1/30 (c)
|
2,330
|
2,254
|
|
6.75% 5/1/31 (c)
|
1,925
|
1,947
|
|
Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc.:
|
|||
4.625% 1/15/29 (c)
|
4,710
|
4,310
|
|
6.75% 1/15/30 (c)
|
4,950
|
4,450
|
|
Jacobs Entertainment, Inc. 6.75% 2/15/29 (c)
|
1,250
|
1,186
|
|
Light & Wonder International, Inc. 7.5% 9/1/31 (c)
|
970
|
1,009
|
|
Melco Resorts Finance Ltd. 5.75% 7/21/28 (c)
|
600
|
559
|
|
MGM Resorts International 4.75% 10/15/28
|
1,470
|
1,393
|
|
Ontario Gaming GTA LP 8% 8/1/30 (c)
|
2,005
|
2,090
|
|
Premier Entertainment Sub LLC:
|
|||
5.625% 9/1/29 (c)
|
2,410
|
1,807
|
|
5.875% 9/1/31 (c)
|
370
|
269
|
|
Station Casinos LLC 4.625% 12/1/31 (c)
|
1,300
|
1,167
|
|
Studio City Finance Ltd. 5% 1/15/29 (c)
|
725
|
616
|
|
VICI Properties LP / VICI Note Co.:
|
|||
3.875% 2/15/29 (c)
|
1,445
|
1,329
|
|
4.25% 12/1/26 (c)
|
3,015
|
2,903
|
|
4.625% 12/1/29 (c)
|
1,720
|
1,628
|
|
41,944
|
|||
Healthcare - 3.9%
|
|||
180 Medical, Inc. 3.875% 10/15/29 (c)
|
910
|
813
|
|
Avantor Funding, Inc. 3.875% 11/1/29 (c)
|
860
|
781
|
|
Bausch & Lomb Escrow Corp. 8.375% 10/1/28 (c)
|
1,970
|
2,044
|
|
Bausch Health Companies, Inc.:
|
|||
4.875% 6/1/28 (c)
|
200
|
113
|
|
5.75% 8/15/27 (c)
|
2,955
|
1,765
|
|
6.125% 2/1/27 (c)
|
4,355
|
2,756
|
|
11% 9/30/28 (c)
|
845
|
575
|
|
Cano Health, Inc. 6.25% 10/1/28 (c)
|
565
|
44
|
|
Charles River Laboratories International, Inc.:
|
|||
3.75% 3/15/29 (c)
|
1,365
|
1,241
|
|
4% 3/15/31 (c)
|
1,545
|
1,373
|
|
4.25% 5/1/28 (c)
|
485
|
458
|
|
Community Health Systems, Inc.:
|
|||
4.75% 2/15/31 (c)
|
2,860
|
2,270
|
|
5.25% 5/15/30 (c)
|
2,625
|
2,173
|
|
6% 1/15/29 (c)
|
1,085
|
980
|
|
6.125% 4/1/30 (c)
|
2,910
|
1,894
|
|
8% 3/15/26 (c)
|
3,773
|
3,719
|
|
10.875% 1/15/32 (c)
|
3,150
|
3,295
|
|
DaVita, Inc.:
|
|||
3.75% 2/15/31 (c)
|
535
|
441
|
|
4.625% 6/1/30 (c)
|
4,545
|
4,021
|
|
Encompass Health Corp. 5.75% 9/15/25
|
400
|
397
|
|
Grifols SA 4.75% 10/15/28 (c)
|
850
|
731
|
|
HealthEquity, Inc. 4.5% 10/1/29 (c)
|
895
|
836
|
|
Hologic, Inc. 4.625% 2/1/28 (c)
|
645
|
622
|
|
IQVIA, Inc. 5% 10/15/26 (c)
|
1,125
|
1,100
|
|
Jazz Securities DAC 4.375% 1/15/29 (c)
|
1,635
|
1,508
|
|
ModivCare Escrow Issuer, Inc. 5% 10/1/29 (c)
|
955
|
775
|
|
Modivcare, Inc. 5.875% 11/15/25 (c)
|
1,105
|
1,091
|
|
Molina Healthcare, Inc.:
|
|||
3.875% 11/15/30 (c)
|
1,360
|
1,192
|
|
3.875% 5/15/32 (c)
|
1,730
|
1,481
|
|
Organon & Co. / Organon Foreign Debt Co-Issuer BV:
|
|||
4.125% 4/30/28 (c)
|
3,525
|
3,225
|
|
5.125% 4/30/31 (c)
|
2,410
|
2,070
|
|
Owens & Minor, Inc. 4.5% 3/31/29 (c)
|
1,065
|
935
|
|
RP Escrow Issuer LLC 5.25% 12/15/25 (c)
|
1,340
|
1,206
|
|
Tenet Healthcare Corp.:
|
|||
4.25% 6/1/29
|
8,360
|
7,761
|
|
4.375% 1/15/30
|
6,245
|
5,779
|
|
6.125% 6/15/30
|
4,600
|
4,598
|
|
6.25% 2/1/27
|
9,945
|
9,916
|
|
6.75% 5/15/31 (c)
|
990
|
1,013
|
|
Teva Pharmaceutical Finance Netherlands III BV:
|
|||
4.75% 5/9/27
|
865
|
833
|
|
5.125% 5/9/29
|
865
|
834
|
|
7.875% 9/15/29
|
960
|
1,036
|
|
79,695
|
|||
Homebuilders/Real Estate - 1.4%
|
|||
Arcosa, Inc. 4.375% 4/15/29 (c)
|
1,075
|
1,002
|
|
Ashton Woods U.S.A. LLC/Ashton Woods Finance Co. 4.625% 4/1/30 (c)
|
1,240
|
1,122
|
|
Brookfield Residential Properties, Inc./Brookfield Residential U.S. Corp. 4.875% 2/15/30 (c)
|
1,080
|
958
|
|
Century Communities, Inc. 3.875% 8/15/29 (c)
|
1,245
|
1,120
|
|
Greystar Real Estate Partners 7.75% 9/1/30 (c)
|
860
|
904
|
|
LGI Homes, Inc. 8.75% 12/15/28 (c)
|
975
|
1,029
|
|
MPT Operating Partnership LP/MPT Finance Corp.:
|
|||
3.5% 3/15/31
|
1,445
|
886
|
|
5% 10/15/27
|
9,710
|
7,349
|
|
Shea Homes Ltd. Partnership/Corp. 4.75% 4/1/29
|
1,070
|
1,004
|
|
Taylor Morrison Communities, Inc./Monarch Communities, Inc.:
|
|||
5.125% 8/1/30 (c)
|
1,416
|
1,349
|
|
5.75% 1/15/28 (c)
|
2,100
|
2,085
|
|
5.875% 6/15/27 (c)
|
1,490
|
1,477
|
|
TopBuild Corp. 3.625% 3/15/29 (c)
|
755
|
683
|
|
TRI Pointe Homes, Inc. 5.7% 6/15/28
|
1,965
|
1,933
|
|
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC:
|
|||
4.75% 4/15/28 (c)
|
4,258
|
3,629
|
|
6.5% 2/15/29 (c)
|
2,070
|
1,460
|
|
10.5% 2/15/28 (c)
|
1,265
|
1,288
|
|
Weekley Homes LLC/Weekley Finance Corp. 4.875% 9/15/28 (c)
|
675
|
629
|
|
29,907
|
|||
Hotels - 0.3%
|
|||
Carnival Holdings (Bermuda) Ltd. 10.375% 5/1/28 (c)
|
2,825
|
3,090
|
|
Hilton Domestic Operating Co., Inc.:
|
|||
3.75% 5/1/29 (c)
|
725
|
665
|
|
4% 5/1/31 (c)
|
1,085
|
975
|
|
4.875% 1/15/30
|
1,180
|
1,137
|
|
5,867
|
|||
Insurance - 2.5%
|
|||
Acrisure LLC / Acrisure Finance, Inc.:
|
|||
6% 8/1/29 (c)
|
1,240
|
1,137
|
|
8.25% 2/1/29 (c)
|
4,685
|
4,697
|
|
10.125% 8/1/26 (c)
|
295
|
307
|
|
Alliant Holdings Intermediate LLC/Alliant Holdings Co.-Issuer:
|
|||
4.25% 10/15/27 (c)
|
1,470
|
1,367
|
|
5.875% 11/1/29 (c)
|
1,290
|
1,222
|
|
6.75% 10/15/27 (c)
|
7,995
|
7,806
|
|
6.75% 4/15/28 (c)
|
5,690
|
5,743
|
|
7% 1/15/31 (c)
|
1,680
|
1,698
|
|
AmWINS Group, Inc. 4.875% 6/30/29 (c)
|
1,205
|
1,125
|
|
AssuredPartners, Inc.:
|
|||
5.625% 1/15/29 (c)
|
1,140
|
1,077
|
|
7% 8/15/25 (c)
|
10
|
10
|
|
GTCR AP Finance, Inc. 8% 5/15/27 (c)
|
985
|
987
|
|
HUB International Ltd.:
|
|||
5.625% 12/1/29 (c)
|
5,635
|
5,317
|
|
7.25% 6/15/30 (c)
|
6,265
|
6,445
|
|
7.375% 1/31/32 (c)
|
2,495
|
2,555
|
|
MGIC Investment Corp. 5.25% 8/15/28
|
1,040
|
1,013
|
|
National Financial Partners Corp.:
|
|||
4.875% 8/15/28 (c)
|
1,980
|
1,964
|
|
6.875% 8/15/28 (c)
|
3,977
|
3,999
|
|
8.5% 10/1/31 (c)
|
1,285
|
1,414
|
|
USI, Inc. 7.5% 1/15/32 (c)
|
1,300
|
1,318
|
|
51,201
|
|||
Leisure - 2.0%
|
|||
Boyne U.S.A., Inc. 4.75% 5/15/29 (c)
|
840
|
769
|
|
Carnival Corp.:
|
|||
4% 8/1/28 (c)
|
9,210
|
8,519
|
|
7% 8/15/29 (c)
|
990
|
1,030
|
|
7.625% 3/1/26 (c)
|
2,775
|
2,819
|
|
9.875% 8/1/27 (c)
|
2,250
|
2,361
|
|
NCL Corp. Ltd. 5.875% 2/15/27 (c)
|
1,770
|
1,744
|
|
Royal Caribbean Cruises Ltd.:
|
|||
5.375% 7/15/27 (c)
|
1,295
|
1,274
|
|
7.25% 1/15/30 (c)
|
950
|
990
|
|
8.25% 1/15/29 (c)
|
6,455
|
6,848
|
|
9.25% 1/15/29 (c)
|
5,340
|
5,736
|
|
11.625% 8/15/27 (c)
|
1,765
|
1,920
|
|
SeaWorld Parks & Entertainment, Inc. 5.25% 8/15/29 (c)
|
1,665
|
1,551
|
|
Vail Resorts, Inc. 6.25% 5/15/25 (c)
|
850
|
851
|
|
Viking Ocean Cruises Ship VII Ltd. 5.625% 2/15/29 (c)
|
625
|
609
|
|
Voc Escrow Ltd. 5% 2/15/28 (c)
|
5,510
|
5,261
|
|
42,282
|
|||
Metals/Mining - 1.4%
|
|||
Alcoa Nederland Holding BV 4.125% 3/31/29 (c)
|
1,980
|
1,817
|
|
Alpha Natural Resources, Inc. 9.75% (b)(f)
|
1,770
|
0
|
|
Arsenal AIC Parent LLC 8% 10/1/30 (c)
|
1,145
|
1,194
|
|
Cleveland-Cliffs, Inc.:
|
|||
4.625% 3/1/29 (c)
|
3,200
|
3,000
|
|
4.875% 3/1/31 (c)
|
1,480
|
1,332
|
|
6.75% 4/15/30 (c)
|
2,000
|
2,018
|
|
Eldorado Gold Corp. 6.25% 9/1/29 (c)
|
1,895
|
1,800
|
|
ERO Copper Corp. 6.5% 2/15/30 (c)
|
1,320
|
1,195
|
|
First Quantum Minerals Ltd.:
|
|||
6.875% 3/1/26 (c)
|
2,600
|
2,446
|
|
8.625% 6/1/31 (c)
|
5,740
|
5,270
|
|
FMG Resources Pty Ltd. 4.375% 4/1/31 (c)
|
1,145
|
1,030
|
|
HudBay Minerals, Inc. 4.5% 4/1/26 (c)
|
905
|
877
|
|
Mineral Resources Ltd.:
|
|||
8% 11/1/27 (c)
|
3,895
|
3,983
|
|
8.5% 5/1/30 (c)
|
660
|
679
|
|
9.25% 10/1/28 (c)
|
1,745
|
1,843
|
|
28,484
|
|||
Paper - 0.7%
|
|||
Ardagh Metal Packaging Finance U.S.A. LLC/Ardagh Metal Packaging Finance PLC:
|
|||
3.25% 9/1/28 (c)
|
760
|
664
|
|
4% 9/1/29 (c)
|
1,515
|
1,228
|
|
6% 6/15/27 (c)
|
890
|
880
|
|
Cascades, Inc.:
|
|||
5.125% 1/15/26 (c)
|
790
|
776
|
|
5.375% 1/15/28 (c)
|
790
|
773
|
|
Clydesdale Acquisition Holdings, Inc.:
|
|||
6.625% 4/15/29 (c)
|
1,060
|
1,055
|
|
8.75% 4/15/30 (c)
|
7,325
|
6,958
|
|
Mercer International, Inc. 5.125% 2/1/29
|
1,920
|
1,648
|
|
13,982
|
|||
Publishing/Printing - 0.1%
|
|||
Clear Channel International BV 6.625% 8/1/25 (c)
|
2,185
|
2,186
|
|
Restaurants - 0.7%
|
|||
1011778 BC Unlimited Liability Co./New Red Finance, Inc.:
|
|||
3.875% 1/15/28 (c)
|
1,630
|
1,534
|
|
4% 10/15/30 (c)
|
5,185
|
4,634
|
|
4.375% 1/15/28 (c)
|
5,490
|
5,222
|
|
Bloomin Brands, Inc. / OSI Restaurant Partners LLC 5.125% 4/15/29 (c)
|
715
|
665
|
|
Garden SpinCo Corp. 8.625% 7/20/30 (c)
|
775
|
829
|
|
Papa John's International, Inc. 3.875% 9/15/29 (c)
|
765
|
679
|
|
Yum! Brands, Inc. 4.625% 1/31/32
|
1,530
|
1,419
|
|
14,982
|
|||
Services - 3.5%
|
|||
Adtalem Global Education, Inc. 5.5% 3/1/28 (c)
|
1,335
|
1,260
|
|
Artera Services LLC 9.033% 12/4/25 (c)
|
2,230
|
2,274
|
|
ASGN, Inc. 4.625% 5/15/28 (c)
|
1,350
|
1,277
|
|
Atlas Luxco 4 SARL / Allied Universal Holdco LLC / Allied Universal Finance Corp.:
|
|||
4.625% 6/1/28 (c)
|
1,549
|
1,394
|
|
4.625% 6/1/28 (c)
|
846
|
762
|
|
Brand Industrial Services, Inc. 10.375% 8/1/30 (c)
|
7,245
|
7,653
|
|
CoreCivic, Inc. 8.25% 4/15/26
|
7,790
|
7,985
|
|
Fair Isaac Corp. 4% 6/15/28 (c)
|
1,530
|
1,425
|
|
GEMS MENASA Cayman Ltd./GEMS Education Delaware LLC 7.125% 7/31/26 (c)
|
1,360
|
1,337
|
|
H&E Equipment Services, Inc. 3.875% 12/15/28 (c)
|
2,415
|
2,193
|
|
Hertz Corp.:
|
|||
4.625% 12/1/26 (c)
|
740
|
666
|
|
5% 12/1/29 (c)
|
1,435
|
1,134
|
|
5.5% (b)(c)(f)
|
1,505
|
45
|
|
6% (b)(c)(f)
|
1,385
|
118
|
|
6.25% (b)(f)
|
1,605
|
48
|
|
7.125% (b)(c)(f)
|
1,430
|
122
|
|
Iron Mountain, Inc.:
|
|||
4.5% 2/15/31 (c)
|
2,975
|
2,668
|
|
4.875% 9/15/29 (c)
|
3,800
|
3,551
|
|
Neptune BidCo U.S., Inc. 9.29% 4/15/29 (c)
|
7,590
|
7,248
|
|
Service Corp. International 4% 5/15/31
|
1,610
|
1,433
|
|
Sotheby's 7.375% 10/15/27 (c)
|
640
|
615
|
|
Sotheby's/Bidfair Holdings, Inc. 5.875% 6/1/29 (c)
|
2,410
|
2,080
|
|
The GEO Group, Inc.:
|
|||
9.5% 12/31/28 (c)
|
1,360
|
1,326
|
|
10.5% 6/30/28
|
3,459
|
3,519
|
|
TriNet Group, Inc. 3.5% 3/1/29 (c)
|
1,135
|
1,002
|
|
Uber Technologies, Inc.:
|
|||
4.5% 8/15/29 (c)
|
3,730
|
3,531
|
|
6.25% 1/15/28 (c)
|
1,225
|
1,232
|
|
7.5% 9/15/27 (c)
|
4,885
|
4,991
|
|
8% 11/1/26 (c)
|
7,110
|
7,240
|
|
WASH Multifamily Acquisition, Inc. 5.75% 4/15/26 (c)
|
1,285
|
1,235
|
|
71,364
|
|||
Steel - 0.1%
|
|||
ATI, Inc. 7.25% 8/15/30
|
975
|
1,003
|
|
Commercial Metals Co. 3.875% 2/15/31
|
780
|
688
|
|
Roller Bearing Co. of America, Inc. 4.375% 10/15/29 (c)
|
610
|
561
|
|
2,252
|
|||
Super Retail - 1.6%
|
|||
Asbury Automotive Group, Inc.:
|
|||
4.5% 3/1/28
|
492
|
463
|
|
4.625% 11/15/29 (c)
|
6,520
|
6,007
|
|
4.75% 3/1/30
|
489
|
452
|
|
5% 2/15/32 (c)
|
1,535
|
1,387
|
|
Bath & Body Works, Inc.:
|
|||
6.625% 10/1/30 (c)
|
4,585
|
4,645
|
|
6.75% 7/1/36
|
1,340
|
1,320
|
|
7.5% 6/15/29
|
1,135
|
1,173
|
|
Carvana Co.:
|
|||
12% 12/1/28 pay-in-kind (c)(d)
|
512
|
455
|
|
13% 6/1/30 pay-in-kind (c)(d)
|
769
|
682
|
|
14% 6/1/31 pay-in-kind (c)(d)
|
910
|
811
|
|
EG Global Finance PLC 12% 11/30/28 (c)
|
12,260
|
12,959
|
|
LBM Acquisition LLC 6.25% 1/15/29 (c)
|
2,880
|
2,614
|
|
32,968
|
|||
Technology - 4.2%
|
|||
Acuris Finance U.S. 5% 5/1/28 (c)
|
6,410
|
5,603
|
|
Block, Inc. 3.5% 6/1/31
|
1,615
|
1,391
|
|
CA Magnum Holdings 5.375% 10/31/26 (c)
|
690
|
644
|
|
Camelot Finance SA 4.5% 11/1/26 (c)
|
1,515
|
1,461
|
|
Clarivate Science Holdings Corp.:
|
|||
3.875% 7/1/28 (c)
|
1,440
|
1,327
|
|
4.875% 7/1/29 (c)
|
1,360
|
1,270
|
|
Cloud Software Group, Inc.:
|
|||
6.5% 3/31/29 (c)
|
15,015
|
14,020
|
|
9% 9/30/29 (c)
|
1,445
|
1,368
|
|
Coherent Corp. 5% 12/15/29 (c)
|
1,350
|
1,264
|
|
Crowdstrike Holdings, Inc. 3% 2/15/29
|
1,130
|
1,010
|
|
Elastic NV 4.125% 7/15/29 (c)
|
3,785
|
3,434
|
|
Go Daddy Operating Co. LLC / GD Finance Co., Inc.:
|
|||
3.5% 3/1/29 (c)
|
6,860
|
6,211
|
|
5.25% 12/1/27 (c)
|
1,495
|
1,468
|
|
ION Trading Technologies Ltd. 5.75% 5/15/28 (c)
|
1,605
|
1,471
|
|
Iron Mountain Information Management Services, Inc. 5% 7/15/32 (c)
|
1,295
|
1,168
|
|
MicroStrategy, Inc. 6.125% 6/15/28 (c)
|
4,490
|
4,284
|
|
NCR Atleos Corp. 9.5% 4/1/29 (c)
|
1,480
|
1,587
|
|
NCR Voyix Corp.:
|
|||
5% 10/1/28 (c)
|
750
|
707
|
|
5.125% 4/15/29 (c)
|
3,710
|
3,471
|
|
5.25% 10/1/30 (c)
|
750
|
690
|
|
ON Semiconductor Corp. 3.875% 9/1/28 (c)
|
5,500
|
5,026
|
|
Open Text Corp. 6.9% 12/1/27 (c)
|
1,685
|
1,748
|
|
Open Text Holdings, Inc.:
|
|||
4.125% 2/15/30 (c)
|
790
|
715
|
|
4.125% 12/1/31 (c)
|
780
|
693
|
|
PTC, Inc.:
|
|||
3.625% 2/15/25 (c)
|
925
|
908
|
|
4% 2/15/28 (c)
|
915
|
864
|
|
Roblox Corp. 3.875% 5/1/30 (c)
|
3,295
|
2,895
|
|
Seagate HDD Cayman:
|
|||
8.25% 12/15/29 (c)
|
3,160
|
3,402
|
|
8.5% 7/15/31 (c)
|
2,045
|
2,222
|
|
Sensata Technologies BV 4% 4/15/29 (c)
|
1,530
|
1,401
|
|
Synaptics, Inc. 4% 6/15/29 (c)
|
900
|
798
|
|
TTM Technologies, Inc. 4% 3/1/29 (c)
|
1,135
|
1,023
|
|
Twilio, Inc.:
|
|||
3.625% 3/15/29
|
6,425
|
5,806
|
|
3.875% 3/15/31
|
1,340
|
1,181
|
|
UKG, Inc. 6.875% 2/1/31 (c)
|
1,505
|
1,522
|
|
Unisys Corp. 6.875% 11/1/27 (c)
|
830
|
752
|
|
Veritas U.S., Inc./Veritas Bermuda Ltd. 7.5% 9/1/25 (c)
|
3,170
|
2,709
|
|
87,514
|
|||
Telecommunications - 3.0%
|
|||
Altice Financing SA:
|
|||
5% 1/15/28 (c)
|
1,580
|
1,420
|
|
5.75% 8/15/29 (c)
|
4,975
|
4,336
|
|
Altice France SA:
|
|||
5.125% 7/15/29 (c)
|
7,670
|
5,607
|
|
5.5% 1/15/28 (c)
|
2,465
|
1,925
|
|
5.5% 10/15/29 (c)
|
14,870
|
10,956
|
|
C&W Senior Financing Designated Activity Co. 6.875% 9/15/27 (c)
|
6,170
|
5,826
|
|
Frontier Communications Holdings LLC:
|
|||
5% 5/1/28 (c)
|
2,830
|
2,612
|
|
5.875% 10/15/27 (c)
|
1,375
|
1,323
|
|
Intelsat Jackson Holdings SA 6.5% 3/15/30 (c)
|
3,610
|
3,410
|
|
LCPR Senior Secured Financing DAC:
|
|||
5.125% 7/15/29 (c)
|
1,895
|
1,668
|
|
6.75% 10/15/27 (c)
|
1,453
|
1,400
|
|
Millicom International Cellular SA 4.5% 4/27/31 (c)
|
235
|
196
|
|
Northwest Fiber LLC/Northwest Fiber Finance Sub, Inc. 4.75% 4/30/27 (c)
|
850
|
818
|
|
Sable International Finance Ltd. 5.75% 9/7/27 (c)
|
5,800
|
5,568
|
|
SBA Communications Corp.:
|
|||
3.125% 2/1/29
|
1,695
|
1,511
|
|
3.875% 2/15/27
|
6,375
|
6,084
|
|
Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC 6% 1/15/30 (c)
|
1,120
|
742
|
|
VMED O2 UK Financing I PLC 4.75% 7/15/31 (c)
|
2,875
|
2,577
|
|
Windstream Escrow LLC 7.75% 8/15/28 (c)
|
2,345
|
2,056
|
|
Zayo Group Holdings, Inc. 4% 3/1/27 (c)
|
1,915
|
1,456
|
|
61,491
|
|||
Textiles/Apparel - 0.1%
|
|||
Crocs, Inc.:
|
|||
4.125% 8/15/31 (c)
|
825
|
703
|
|
4.25% 3/15/29 (c)
|
1,110
|
1,005
|
|
Kontoor Brands, Inc. 4.125% 11/15/29 (c)
|
760
|
690
|
|
2,398
|
|||
Transportation Ex Air/Rail - 0.2%
|
|||
Seaspan Corp. 5.5% 8/1/29 (c)
|
1,240
|
1,056
|
|
XPO, Inc.:
|
|||
6.25% 6/1/28 (c)
|
960
|
961
|
|
7.125% 2/1/32 (c)
|
1,470
|
1,498
|
|
3,515
|
|||
Utilities - 2.2%
|
|||
Clearway Energy Operating LLC:
|
|||
3.75% 2/15/31 (c)
|
1,705
|
1,478
|
|
3.75% 1/15/32 (c)
|
850
|
722
|
|
4.75% 3/15/28 (c)
|
970
|
924
|
|
NextEra Energy Partners LP 7.25% 1/15/29 (c)
|
980
|
1,009
|
|
NRG Energy, Inc.:
|
|||
3.375% 2/15/29 (c)
|
665
|
587
|
|
3.625% 2/15/31 (c)
|
1,320
|
1,132
|
|
3.875% 2/15/32 (c)
|
171
|
147
|
|
5.75% 1/15/28
|
2,765
|
2,736
|
|
Pacific Gas & Electric Co.:
|
|||
3.45% 7/1/25
|
400
|
390
|
|
3.75% 7/1/28
|
400
|
377
|
|
3.95% 12/1/47
|
885
|
661
|
|
4% 12/1/46
|
2,184
|
1,642
|
|
PG&E Corp.:
|
|||
5% 7/1/28
|
10,140
|
9,798
|
|
5.25% 7/1/30
|
1,150
|
1,098
|
|
Pike Corp.:
|
|||
5.5% 9/1/28 (c)
|
5,980
|
5,709
|
|
8.625% 1/31/31 (c)
|
2,445
|
2,587
|
|
Vistra Operations Co. LLC:
|
|||
4.375% 5/1/29 (c)
|
3,105
|
2,851
|
|
5% 7/31/27 (c)
|
3,565
|
3,454
|
|
5.5% 9/1/26 (c)
|
1,822
|
1,805
|
|
5.625% 2/15/27 (c)
|
4,435
|
4,369
|
|
7.75% 10/15/31 (c)
|
1,965
|
2,041
|
|
45,517
|
|||
TOTAL NONCONVERTIBLE BONDS
|
1,222,213
|
||
|
TOTAL CORPORATE BONDS
(Cost $1,285,292)
|
1,235,289
|
||
Common Stocks - 15.0%
|
|||
Shares
|
Value ($)
(000s)
|
||
Aerospace - 0.1%
|
|||
TransDigm Group, Inc.
|
2,100
|
2,295
|
|
Air Transportation - 0.1%
|
|||
Air Canada (i)
|
3,800
|
51
|
|
Delta Air Lines, Inc.
|
23,450
|
918
|
|
TOTAL AIR TRANSPORTATION
|
969
|
||
Automotive & Auto Parts - 0.2%
|
|||
BYD Co. Ltd. (H Shares)
|
195,000
|
4,366
|
|
UC Holdings, Inc. (b)(i)
|
29,835
|
29
|
|
TOTAL AUTOMOTIVE & AUTO PARTS
|
4,395
|
||
Banks & Thrifts - 0.0%
|
|||
Mr. Cooper Group, Inc. (i)
|
1,504
|
101
|
|
Broadcasting - 0.1%
|
|||
Nexstar Media Group, Inc. Class A
|
8,363
|
1,486
|
|
Building Materials - 0.8%
|
|||
Builders FirstSource, Inc. (i)
|
14,100
|
2,450
|
|
Carlisle Companies, Inc.
|
10,200
|
3,205
|
|
Eagle Materials, Inc.
|
15,000
|
3,394
|
|
EMCOR Group, Inc.
|
9,500
|
2,167
|
|
Fortune Brands Innovations, Inc.
|
52,700
|
4,089
|
|
WESCO International, Inc.
|
12,467
|
2,163
|
|
TOTAL BUILDING MATERIALS
|
17,468
|
||
Capital Goods - 0.4%
|
|||
Deere & Co.
|
2,400
|
945
|
|
Parker Hannifin Corp.
|
5,400
|
2,508
|
|
Regal Rexnord Corp.
|
15,100
|
2,015
|
|
Trane Technologies PLC
|
12,300
|
3,100
|
|
TOTAL CAPITAL GOODS
|
8,568
|
||
Chemicals - 0.3%
|
|||
Olin Corp.
|
55,900
|
2,911
|
|
The Chemours Co. LLC
|
71,500
|
2,157
|
|
Westlake Corp.
|
8,200
|
1,134
|
|
TOTAL CHEMICALS
|
6,202
|
||
Consumer Products - 0.1%
|
|||
Tapestry, Inc.
|
47,300
|
1,835
|
|
Containers - 0.2%
|
|||
Graphic Packaging Holding Co.
|
159,900
|
4,079
|
|
Diversified Financial Services - 0.8%
|
|||
Apollo Global Management, Inc.
|
55,600
|
5,582
|
|
Carnelian Point Holdings LP warrants (b)(i)
|
118
|
0
|
|
MasterCard, Inc. Class A
|
10,600
|
4,762
|
|
OneMain Holdings, Inc.
|
126,400
|
6,017
|
|
TOTAL DIVERSIFIED FINANCIAL SERVICES
|
16,361
|
||
Energy - 1.3%
|
|||
Antero Resources Corp. (i)
|
47,902
|
1,070
|
|
California Resources Corp.
|
92,451
|
4,408
|
|
California Resources Corp. warrants 10/27/24 (i)
|
8,300
|
113
|
|
Cheniere Energy, Inc.
|
33,200
|
5,444
|
|
Diamond Offshore Drilling, Inc. (i)
|
16,382
|
200
|
|
EP Energy Corp. (b)(i)
|
147,125
|
255
|
|
Forbes Energy Services Ltd. (b)(i)
|
65,062
|
0
|
|
Mesquite Energy, Inc. (b)(i)
|
90,382
|
7,282
|
|
Noble Corp. PLC
|
1,410
|
62
|
|
Permian Resource Corp. Class A
|
310,100
|
4,180
|
|
PureWest Energy (b)
|
3,289
|
1
|
|
PureWest Energy rights (b)(i)
|
1,983
|
0
|
|
SolarEdge Technologies, Inc. (i)
|
7,400
|
492
|
|
Superior Energy Services, Inc. Class A (b)
|
17,671
|
1,320
|
|
Tidewater, Inc. warrants 11/14/42 (i)
|
12,651
|
935
|
|
TOTAL ENERGY
|
25,762
|
||
Entertainment/Film - 0.1%
|
|||
New Cotai LLC/New Cotai Capital Corp. (b)(g)(i)
|
1,458,195
|
1,006
|
|
Food & Drug Retail - 0.4%
|
|||
Northeast Grocery, Inc. (b)(g)(i)
|
339,746
|
2,110
|
|
Southeastern Grocers, Inc. (b)(g)(i)
|
250,623
|
6,737
|
|
TOTAL FOOD & DRUG RETAIL
|
8,847
|
||
Food/Beverage/Tobacco - 0.4%
|
|||
Celsius Holdings, Inc. (i)
|
39,200
|
1,956
|
|
JBS SA
|
684,100
|
3,235
|
|
U.S. Foods Holding Corp. (i)
|
74,800
|
3,442
|
|
TOTAL FOOD/BEVERAGE/TOBACCO
|
8,633
|
||
Gaming - 0.3%
|
|||
Boyd Gaming Corp.
|
74,300
|
4,717
|
|
Studio City International Holdings Ltd.:
|
|||
ADR (c)(i)
|
32,338
|
216
|
|
(NYSE) ADR (i)
|
35,600
|
238
|
|
TOTAL GAMING
|
5,171
|
||
Healthcare - 0.3%
|
|||
IQVIA Holdings, Inc. (i)
|
9,000
|
1,874
|
|
Tenet Healthcare Corp. (i)
|
15,300
|
1,266
|
|
UnitedHealth Group, Inc.
|
6,400
|
3,275
|
|
TOTAL HEALTHCARE
|
6,415
|
||
Homebuilders/Real Estate - 0.8%
|
|||
Arthur J. Gallagher & Co.
|
34,500
|
8,010
|
|
TopBuild Corp. (i)
|
11,100
|
4,097
|
|
Willscot Mobile Mini Holdings (i)
|
97,300
|
4,602
|
|
TOTAL HOMEBUILDERS/REAL ESTATE
|
16,709
|
||
Metals/Mining - 0.0%
|
|||
Warrior Metropolitan Coal, Inc.
|
692
|
44
|
|
Restaurants - 0.1%
|
|||
Domino's Pizza, Inc.
|
4,900
|
2,088
|
|
Services - 0.6%
|
|||
Airbnb, Inc. Class A (i)
|
33,100
|
4,771
|
|
Visa, Inc. Class A
|
28,500
|
7,788
|
|
TOTAL SERVICES
|
12,559
|
||
Super Retail - 0.7%
|
|||
Amazon.com, Inc. (i)
|
23,700
|
3,678
|
|
Arena Brands Holding Corp. Class B (b)(g)(i)
|
42,253
|
424
|
|
Booking Holdings, Inc. (i)
|
800
|
2,806
|
|
Dick's Sporting Goods, Inc.
|
21,300
|
3,175
|
|
Lowe's Companies, Inc.
|
8,600
|
1,830
|
|
Williams-Sonoma, Inc.
|
11,300
|
2,185
|
|
TOTAL SUPER RETAIL
|
14,098
|
||
Technology - 5.7%
|
|||
Accenture PLC Class A
|
6,100
|
2,220
|
|
Adobe, Inc. (i)
|
9,200
|
5,684
|
|
Alphabet, Inc. Class A (i)
|
44,300
|
6,206
|
|
AMETEK, Inc.
|
12,700
|
2,058
|
|
Arista Networks, Inc. (i)
|
15,600
|
4,035
|
|
ASML Holding NV (depository receipt)
|
3,400
|
2,957
|
|
CDW Corp.
|
8,800
|
1,995
|
|
Dynatrace, Inc. (i)
|
54,100
|
3,084
|
|
Eaton Corp. PLC
|
18,700
|
4,602
|
|
Fiserv, Inc. (i)
|
39,500
|
5,604
|
|
Gen Digital, Inc.
|
98,300
|
2,308
|
|
Global Payments, Inc.
|
12,900
|
1,719
|
|
KLA Corp.
|
3,600
|
2,139
|
|
Lam Research Corp.
|
5,300
|
4,373
|
|
Marvell Technology, Inc.
|
45,200
|
3,060
|
|
Meta Platforms, Inc. Class A
|
34,400
|
13,421
|
|
Microchip Technology, Inc.
|
600
|
51
|
|
Microsoft Corp.
|
20,600
|
8,190
|
|
Nextracker, Inc. Class A
|
39,100
|
1,770
|
|
nVent Electric PLC
|
51,800
|
3,110
|
|
NVIDIA Corp.
|
21,800
|
13,413
|
|
NXP Semiconductors NV
|
7,900
|
1,664
|
|
ON Semiconductor Corp. (i)
|
83,960
|
5,972
|
|
Oracle Corp.
|
33,200
|
3,708
|
|
Salesforce, Inc. (i)
|
18,200
|
5,116
|
|
Synopsys, Inc. (i)
|
5,100
|
2,720
|
|
UiPath, Inc. Class A (i)
|
137,600
|
3,162
|
|
Vertiv Holdings Co.
|
67,400
|
3,797
|
|
TOTAL TECHNOLOGY
|
118,138
|
||
Telecommunications - 0.2%
|
|||
EchoStar Holding Corp. Class A (i)
|
126,700
|
1,697
|
|
GTT Communications, Inc. (b)
|
11,856
|
417
|
|
Palo Alto Networks, Inc. (i)
|
8,800
|
2,979
|
|
TOTAL TELECOMMUNICATIONS
|
5,093
|
||
Textiles/Apparel - 0.3%
|
|||
Crocs, Inc. (i)
|
38,429
|
3,900
|
|
LVMH Moet Hennessy Louis Vuitton SE
|
1,900
|
1,581
|
|
TOTAL TEXTILES/APPAREL
|
5,481
|
||
Utilities - 0.7%
|
|||
Constellation Energy Corp.
|
43,600
|
5,319
|
|
PG&E Corp.
|
341,179
|
5,756
|
|
Vistra Corp.
|
103,700
|
4,255
|
|
TOTAL UTILITIES
|
15,330
|
||
|
TOTAL COMMON STOCKS
(Cost $242,212)
|
309,133
|
||
Bank Loan Obligations - 7.5%
|
|||
Principal
Amount (a)
(000s)
|
Value ($)
(000s)
|
||
Air Transportation - 0.2%
|
|||
Air Canada Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.500% 9.1393% 8/11/28 (d)(e)(j)
|
1,221
|
1,221
|
|
SkyMiles IP Ltd. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.750% 9.0678% 10/20/27 (d)(e)(j)
|
349
|
356
|
|
United Airlines, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.750% 9.2011% 4/21/28 (d)(e)(j)
|
2,709
|
2,710
|
|
TOTAL AIR TRANSPORTATION
|
4,287
|
||
Automotive & Auto Parts - 0.1%
|
|||
Clarios Global LP Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.3326% 5/6/30 (d)(e)(j)
|
429
|
429
|
|
PECF USS Intermediate Holding III Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.8239% 12/17/28 (d)(e)(j)
|
2,636
|
1,953
|
|
Wand NewCo 3, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 1/20/31 (e)(j)(k)
|
370
|
370
|
|
TOTAL AUTOMOTIVE & AUTO PARTS
|
2,752
|
||
Banks & Thrifts - 0.1%
|
|||
Citadel Securities LP Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.5865% 7/25/30 (d)(e)(j)
|
1,206
|
1,203
|
|
Broadcasting - 0.1%
|
|||
Diamond Sports Group LLC 1LN, term loan CME Term SOFR 1 Month Index + 8.000% 15.4527% 8/24/26 (d)(e)(j)
|
894
|
845
|
|
Univision Communications, Inc.:
|
|||
1LN, term loan CME Term SOFR 3 Month Index + 4.250% 9.5981% 6/24/29 (d)(e)(j)
|
113
|
113
|
|
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6971% 1/31/29 (d)(e)(j)
|
987
|
984
|
|
TOTAL BROADCASTING
|
1,942
|
||
Building Materials - 0.3%
|
|||
Acproducts Holdings, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.250% 9.8598% 5/17/28 (d)(e)(j)
|
3,125
|
2,695
|
|
Hunter Douglas, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.500% 8.8797% 2/25/29 (d)(e)(j)
|
3,295
|
3,235
|
|
SRS Distribution, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9471% 6/4/28 (d)(e)(j)
|
843
|
838
|
|
TOTAL BUILDING MATERIALS
|
6,768
|
||
Capital Goods - 0.0%
|
|||
Chart Industries, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6984% 3/17/30 (d)(e)(j)
|
251
|
251
|
|
Chemicals - 0.4%
|
|||
Discovery Purchaser Corp. 1LN, term loan CME Term SOFR 3 Month Index + 4.370% 9.7052% 10/4/29 (d)(e)(j)
|
6,138
|
6,063
|
|
Olympus Water U.S. Holding Corp. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.750% 9.3598% 11/9/28 (d)(e)(j)
|
510
|
507
|
|
W.R. Grace Holding LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.750% 9.3598% 9/22/28 (d)(e)(j)
|
2,352
|
2,351
|
|
TOTAL CHEMICALS
|
8,921
|
||
Consumer Products - 0.1%
|
|||
Kronos Acquisition Holdings, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.750% 9.3598% 12/22/26 (d)(e)(j)
|
2,496
|
2,494
|
|
Containers - 0.0%
|
|||
Kloeckner Pentaplast of America, Inc. Tranche B 1LN, term loan CME Term SOFR 6 Month Index + 4.750% 10.476% 2/9/26 (d)(e)(j)
|
185
|
177
|
|
Energy - 0.0%
|
|||
Forbes Energy Services LLC Tranche B, term loan 0% (b)(d)(f)(j)
|
610
|
0
|
|
Mesquite Energy, Inc.:
|
|||
1LN, term loan 3 month U.S. LIBOR + 8.000% 0% (b)(e)(f)(j)
|
1,671
|
0
|
|
term loan 3 month U.S. LIBOR + 0.000% 0% (b)(e)(f)(j)
|
721
|
0
|
|
Natgasoline LLC Tranche B, term loan CME Term SOFR 1 Month Index + 3.500% 8.9471% 11/14/25 (d)(e)(j)
|
319
|
316
|
|
TOTAL ENERGY
|
316
|
||
Environmental - 0.0%
|
|||
Covanta Holding Corp.:
|
|||
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.8326% 11/30/28 (d)(e)(j)
|
311
|
309
|
|
Tranche C 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.8326% 11/30/28 (d)(e)(j)
|
24
|
24
|
|
Madison IAQ LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.7011% 6/21/28 (d)(e)(j)
|
400
|
396
|
|
TOTAL ENVIRONMENTAL
|
729
|
||
Food/Beverage/Tobacco - 0.0%
|
|||
Fiesta Purchaser, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 1/31/31 (e)(j)(k)
|
355
|
351
|
|
Naked Juice LLC 1LN, term loan CME Term SOFR 3 Month Index + 3.250% 8.6981% 1/24/29 (d)(e)(j)
|
325
|
307
|
|
TOTAL FOOD/BEVERAGE/TOBACCO
|
658
|
||
Gaming - 0.5%
|
|||
Caesars Entertainment, Inc. Tranche B1 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 1/24/31 (e)(j)(k)
|
1,980
|
1,975
|
|
Fertitta Entertainment LLC NV Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.3326% 1/27/29 (d)(e)(j)
|
7,354
|
7,329
|
|
Light & Wonder International, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.0832% 4/14/29 (d)(e)(j)
|
345
|
345
|
|
Ontario Gaming GTA LP Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.5981% 8/1/30 (d)(e)(j)
|
990
|
991
|
|
TOTAL GAMING
|
10,640
|
||
Healthcare - 0.3%
|
|||
Gainwell Acquisition Corp. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.000% 9.4481% 10/1/27 (d)(e)(j)
|
2,259
|
2,193
|
|
Jazz Financing Lux SARL Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9704% 5/5/28 (d)(e)(j)
|
817
|
816
|
|
Medline Borrower LP Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.4511% 10/23/28 (d)(e)(j)
|
159
|
159
|
|
Organon & Co. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.000% 8.45% 6/2/28 (d)(e)(j)
|
1,962
|
1,958
|
|
Phoenix Newco, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6971% 11/15/28 (d)(e)(j)
|
968
|
965
|
|
PRA Health Sciences, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 2.250% 7.8598% 7/3/28 (d)(e)(j)
|
188
|
188
|
|
TOTAL HEALTHCARE
|
6,279
|
||
Hotels - 0.4%
|
|||
Carnival Finance LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6971% 10/18/28 (d)(e)(j)
|
8,962
|
8,954
|
|
Insurance - 0.6%
|
|||
Acrisure LLC:
|
|||
Tranche B 1LN, term loan:
|
|||
CME Term SOFR 1 Month Index + 3.500% 9.1498% 2/15/27 (d)(e)(j)
|
2,940
|
2,923
|
|
CME Term SOFR 1 Month Index + 4.250% 9.8998% 2/15/27 (d)(e)(j)
|
201
|
201
|
|
Tranche B5 1LN, term loan CME Term SOFR 1 Month Index + 4.500% 9.8882% 11/6/30 (d)(e)(j)
|
510
|
511
|
|
Alliant Holdings Intermediate LLC Tranche B6 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.8332% 11/6/30 (d)(e)(j)
|
2,257
|
2,261
|
|
HUB International Ltd. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.5741% 6/20/30 (d)(e)(j)
|
5,550
|
5,549
|
|
TOTAL INSURANCE
|
11,445
|
||
Leisure - 0.1%
|
|||
Carnival Finance LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.3355% 8/8/27 (d)(e)(j)
|
338
|
338
|
|
Topgolf Callaway Brands Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9326% 3/9/30 (d)(e)(j)
|
471
|
470
|
|
TOTAL LEISURE
|
808
|
||
Metals/Mining - 0.0%
|
|||
Arsenal AIC Parent LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.500% 9.8326% 8/18/30 (d)(e)(j)
|
264
|
264
|
|
Paper - 0.6%
|
|||
Clydesdale Acquisition Holdings, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 4.170% 9.1076% 4/13/29 (d)(e)(j)
|
11,308
|
11,222
|
|
Services - 1.0%
|
|||
ABG Intermediate Holdings 2 LLC Tranche B1 LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9326% 12/21/28 (d)(e)(j)
|
2,764
|
2,768
|
|
Artera Services LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.500% 8.9481% 3/6/25 (d)(e)(j)
|
1,975
|
1,968
|
|
Ascend Learning LLC:
|
|||
2LN, term loan CME Term SOFR 1 Month Index + 5.750% 11.1826% 12/10/29 (d)(e)(j)
|
2,170
|
2,000
|
|
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9326% 12/10/28 (d)(e)(j)
|
2,887
|
2,826
|
|
Brand Industrial Services, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.500% 10.8771% 8/1/30 (d)(e)(j)
|
4,930
|
4,912
|
|
Neptune BidCo U.S., Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.000% 10.4234% 4/11/29 (d)(e)(j)
|
2,471
|
2,268
|
|
Sabert Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1987% 12/16/26 (d)(e)(j)
|
707
|
711
|
|
Spin Holdco, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.000% 9.6246% 3/4/28 (d)(e)(j)
|
2,638
|
2,347
|
|
TOTAL SERVICES
|
19,800
|
||
Specialty Retailing - 0.0%
|
|||
New SK Holdco Sub LLC 1LN, term loan CME Term SOFR 1 Month Index + 8.350% 13.6867% 6/30/27 (d)(e)(j)
|
113
|
112
|
|
Super Retail - 0.6%
|
|||
LBM Acquisition LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1826% 12/18/27 (d)(e)(j)
|
11,709
|
11,597
|
|
Technology - 2.0%
|
|||
Acuris Finance U.S., Inc. 1LN, term loan CME Term SOFR 3 Month Index + 4.000% 9.4981% 2/16/28 (d)(e)(j)
|
142
|
139
|
|
Athenahealth Group, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.5826% 2/15/29 (d)(e)(j)
|
4,273
|
4,209
|
|
ConnectWise LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 9.1098% 9/30/28 (d)(e)(j)
|
2,939
|
2,932
|
|
DG Investment Intermediate Holdings, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1971% 3/31/28 (d)(e)(j)
|
254
|
251
|
|
First Advantage Holdings LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.1971% 1/31/27 (d)(e)(j)
|
390
|
391
|
|
Hunter U.S. Bidco, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.250% 9.6981% 8/19/28 (d)(e)(j)
|
1,570
|
1,564
|
|
Icon Luxembourg Sarl Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 2.250% 7.8598% 7/3/28 (d)(e)(j)
|
753
|
753
|
|
McAfee Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.2027% 3/1/29 (d)(e)(j)
|
5,084
|
5,030
|
|
MH Sub I LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.5826% 5/3/28 (d)(e)(j)
|
2,871
|
2,808
|
|
Polaris Newco LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.5743% 6/2/28 (d)(e)(j)
|
890
|
866
|
|
Project Alpha Intermediate Holding, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.750% 10.0627% 10/26/30 (d)(e)(j)
|
1,975
|
1,977
|
|
Proofpoint, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6971% 8/31/28 (d)(e)(j)
|
7,717
|
7,659
|
|
RealPage, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4471% 4/22/28 (d)(e)(j)
|
758
|
741
|
|
UKG, Inc.:
|
|||
1LN, term loan CME Term SOFR 3 Month Index + 3.250% 8.6802% 5/4/26 (d)(e)(j)
|
5,890
|
5,888
|
|
2LN, term loan CME Term SOFR 3 Month Index + 5.250% 10.6802% 5/3/27 (d)(e)(j)
|
570
|
570
|
|
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 1/30/31 (e)(j)(k)
|
295
|
295
|
|
Veritas U.S., Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.000% 10.4471% 9/1/25 (d)(e)(j)
|
1,621
|
1,392
|
|
VS Buyer LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.6826% 2/28/27 (d)(e)(j)
|
3,734
|
3,732
|
|
TOTAL TECHNOLOGY
|
41,197
|
||
Telecommunications - 0.1%
|
|||
Aventiv Technologies LLC Tranche B, term loan CME Term SOFR 1 Month Index + 4.500% 10.4997% 11/1/24 (d)(e)(j)
|
932
|
634
|
|
GTT Communications, Inc. 1LN, term loan CME Term SOFR 3 Month Index + 9.000% 14.4481% 6/30/28 (d)(e)(j)
|
517
|
362
|
|
Gtt Remainco LLC 1LN, term loan CME Term SOFR 1 Month Index + 7.000% 12.4326% 12/30/27 (d)(e)(j)
|
638
|
569
|
|
TOTAL TELECOMMUNICATIONS
|
1,565
|
||
|
TOTAL BANK LOAN OBLIGATIONS
(Cost $156,961)
|
154,381
|
||
Preferred Securities - 7.8%
|
|||
Principal
Amount (a)
(000s)
|
Value ($)
(000s)
|
||
Banks & Thrifts - 6.3%
|
|||
Ally Financial, Inc. 4.7% (d)(l)
|
945
|
718
|
|
Bank of America Corp.:
|
|||
5.125% (d)(l)
|
12,000
|
11,892
|
|
5.875% (d)(l)
|
14,280
|
13,852
|
|
6.1% (d)(l)
|
2,590
|
2,588
|
|
Citigroup, Inc.:
|
|||
5% (d)(l)
|
13,000
|
12,816
|
|
6.3% (d)(l)
|
4,585
|
4,555
|
|
9.1073% (d)(e)(l)
|
12,655
|
12,745
|
|
Citigroup, Inc. 4.7% (d)(l)
|
2,135
|
2,032
|
|
Goldman Sachs Group, Inc. 5.3% (d)(l)
|
15,000
|
14,876
|
|
JPMorgan Chase & Co.:
|
|||
4% (d)(l)
|
3,555
|
3,395
|
|
4.6% (d)(l)
|
4,465
|
4,350
|
|
5% (d)(l)
|
24,800
|
24,570
|
|
6.75% (d)(e)(l)
|
8,000
|
8,062
|
|
Wells Fargo & Co.:
|
|||
5.875% (d)(l)
|
7,645
|
7,597
|
|
7.625% (d)(l)
|
5,740
|
6,013
|
|
TOTAL BANKS & THRIFTS
|
130,061
|
||
Energy - 1.5%
|
|||
Energy Transfer LP:
|
|||
3 month U.S. LIBOR + 4.020% 9.6693% (d)(e)(l)
|
15,460
|
15,129
|
|
6.625% (d)(l)
|
456
|
411
|
|
7.125% (d)(l)
|
17,150
|
16,578
|
|
TOTAL ENERGY
|
32,118
|
||
|
TOTAL PREFERRED SECURITIES
(Cost $165,277)
|
162,179
|
||
Other - 2.4%
|
|||
Shares
|
Value ($)
(000s)
|
||
Other - 2.4%
|
|||
Fidelity Private Credit Central Fund LLC (g)(n)
(Cost $47,821)
|
4,805,377
|
49,017
|
|
Money Market Funds - 7.1%
|
|||
Shares
|
Value ($)
(000s)
|
||
Fidelity Cash Central Fund 5.39% (m)
(Cost $147,828)
|
147,798,402
|
147,828
|
|
|
TOTAL INVESTMENT IN SECURITIES - 99.6%
(Cost $2,045,391)
|
2,057,827
|
NET OTHER ASSETS (LIABILITIES) - 0.4%
|
8,086
|
NET ASSETS - 100.0%
|
2,065,913
|
(a)
|
Amount is stated in United States dollars unless otherwise noted.
|
(b)
|
Level 3 security
|
(c)
|
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 $976,434,000 or 47.3% of net assets.
|
(d)
|
Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.
|
(e)
|
Coupon is indexed to a floating interest rate which may be multiplied by a specified factor and/or subject to caps or floors.
|
(f)
|
Non-income producing - Security is in default.
|
(g)
|
Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $61,008,000 or 3.0% of net assets.
|
(h)
|
Security or a portion of the security purchased on a delayed delivery or when-issued basis.
|
(i)
|
Non-income producing
|
(j)
|
Remaining maturities of bank loan obligations may be less than the stated maturities shown as a result of contractual or optional prepayments by the borrower. Such prepayments cannot be predicted with certainty.
|
(k)
|
The coupon rate will be determined upon settlement of the loan after period end.
|
(l)
|
Security is perpetual in nature with no stated maturity date.
|
(m)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
(n)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments.
|
Additional information on each restricted holding is as follows:
|
||
Security
|
Acquisition Date
|
Acquisition Cost ($)
(000s)
|
Arena Brands Holding Corp. Class B
|
6/18/97 - 7/13/98
|
1,538
|
Fidelity Private Credit Central Fund LLC
|
4/28/22 - 1/02/24
|
47,817
|
Jonah Energy Parent LLC 12% 11/5/25
|
5/05/23
|
1,589
|
New Cotai LLC/New Cotai Capital Corp.
|
9/11/20
|
7,224
|
Northeast Grocery, Inc.
|
11/08/21
|
135
|
Southeastern Grocers, Inc.
|
6/01/18
|
1,763
|
Affiliate (Amounts in thousands)
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
% ownership,
end
of period
|
Fidelity Cash Central Fund 5.39%
|
152,805
|
104,103
|
109,080
|
1,763
|
-
|
-
|
147,828
|
0.3%
|
Fidelity Private Credit Central Fund LLC
|
48,171
|
554
|
-
|
1,867
|
-
|
292
|
49,017
|
7.1%
|
Fidelity Securities Lending Cash Central Fund 5.39%
|
3,360
|
4,614
|
7,974
|
-
|
-
|
-
|
-
|
0.0%
|
Total
|
204,336
|
109,271
|
117,054
|
3,630
|
-
|
292
|
196,845
|
|