|
| Principal
amount°
| Value (US $)
|
|
Corporate Bonds (continued)
|
Utilities (continued)
|
Vistra
|
|
|
|
144A 7.00% 12/15/26 #, μ, ψ
|
| 580,000
| $ 565,677
|
144A 8.00% 10/15/26 #, μ, ψ
|
| 365,000
| 369,106
|
| 1,866,387
|
Total Corporate Bonds
(cost $78,264,859)
| 75,528,537
|
|
|
|
Loan Agreements — 6.51%
|
Applied Systems 2nd Lien 6.38% (LIBOR03M + 5.50%) 9/19/25 •
|
| 1,454,124
|
1,450,035
|
Calpine 2.96% (LIBOR01M + 2.50%) 12/16/27 •
|
| 637
|
633
|
Clydesdale Acquisition Holdings TBD 3/30/29 X
|
| 120,000
|
118,114
|
Covis Finco Tranche B 7.30% (SOFR01M + 5.50%) 2/18/27 •
|
| 310,000
|
285,200
|
Directv Financing 5.75% (LIBOR01M + 5.00%) 8/2/27 •
|
| 7,538
|
7,538
|
Epicor Software 2nd Lien 8.75% (LIBOR01M + 7.75%) 7/31/28 •
|
| 368,200
|
377,037
|
Gainwell Acquisition Tranche B 4.88% (LIBOR03M + 4.00%) 10/1/27 •
|
| 86,750
|
86,425
|
Hamilton Projects Acquiror 5.51% (LIBOR03M + 4.50%) 6/17/27 •
|
| 645,465
|
635,248
|
Hexion Holdings 1st Lien 5.00% (SOFR01M + 3.50%) 3/15/29 •
|
| 130,000
|
127,481
|
Hexion Holdings 2nd Lien 7.94% (SOFR01M + 7.44%) 3/15/30 •
|
| 330,000
|
320,100
|
PECF USS Intermediate Holding III 4.76% (LIBOR03M + 4.25%) 12/15/28 •
|
| 369,075
|
366,175
|
Pre Paid Legal Services 2nd Lien 7.50% (LIBOR01M + 7.00%) 12/14/29 •
|
| 230,000
|
227,413
|
Sovos Compliance 1st Lien 5.00% (LIBOR01M + 4.50%) 8/11/28 •
|
| 114,832
|
114,832
|
SPX Flow TBD 3/16/29 X
|
| 466,000
|
454,423
|
Surgery Center Holdings 4.50% (LIBOR01M + 3.75%) 8/31/26 •
|
| 276
|
274
|
UKG 2nd Lien 5.75% (LIBOR03M + 5.25%) 5/3/27 •
|
| 574,000
|
571,608
|
Vantage Specialty Chemicals 1st Lien 4.50% (LIBOR03M + 3.50%) 10/28/24 •
|
| 340,554
|
328,493
|
Vantage Specialty Chemicals 2nd Lien 9.25% (LIBOR03M + 8.25%) 10/27/25 •
|
| 169,000
| 163,481
|
Total Loan Agreements
(cost $5,612,312)
| 5,634,510
|