Interest Rate | Maturity Date | Principal Amount (000)(a) | Value | |||
Variable Rate Senior Loan Interests–110.05%(b)(c) | ||||||
Aerospace & Defense–4.09% | ||||||
Consolidated Aerospace Manufacturing, LLC, Term Loan (1 mo. USD LIBOR + 3.75%) | 5.45% | 08/11/2022 | $ 761 | $ 760,229 | ||
Greenrock Finance, Inc., Term Loan B (3 mo. USD LIBOR + 3.50%) | 5.60% | 06/28/2024 | 1,334 | 1,335,830 | ||
IAP Worldwide Services, Inc. | ||||||
First Lien Revolver Loan (Acquired 08/05/2014-02/08/2019; Cost $1,946,523)(d) | 1.44% | 07/18/2021 | 1,947 | 1,946,523 | ||
Second Lien Term Loan (3 mo. USD LIBOR + 6.50%) (Acquired 07/18/2014-02/08/2019; Cost $2,005,155) | 8.60% | 07/18/2021 | 2,165 | 2,164,709 | ||
Maxar Technologies Ltd. (Canada), Term Loan B (1 mo. USD LIBOR + 2.75%) | 4.85% | 10/04/2024 | 3,002 | 2,676,360 | ||
Peraton Corp., Term Loan (1 mo. USD LIBOR + 5.25%) | 6.96% | 04/29/2024 | 859 | 857,017 | ||
Perspecta, Inc., Term Loan B (1 mo. USD LIBOR + 2.25%) | 3.95% | 05/31/2025 | 658 | 658,870 | ||
Space Exploration Technologies Corp., Term Loan (1 mo. USD LIBOR + 4.25%) (Acquired 11/20/2018-11/19/2019; Cost $2,066,611) | 5.95% | 11/21/2025 | 2,077 | 2,082,174 | ||
TransDigm, Inc. | ||||||
Term Loan E (1 mo. USD LIBOR + 2.50%) | 4.20% | 05/30/2025 | 6,250 | 6,251,268 | ||
Term Loan F (1 mo. USD LIBOR + 2.50%) | 4.20% | 06/09/2023 | 882 | 883,303 | ||
Term Loan G (1 mo. USD LIBOR + 2.50%) | 4.20% | 08/22/2024 | 576 | 576,362 | ||
Vectra Co., First Lien Term Loan (1 mo. USD LIBOR + 3.25%) | 4.95% | 03/08/2025 | 220 | 216,392 | ||
Wesco Aircraft Hardware Corp., Term Loan B (1 mo. USD LIBOR + 2.50%) | 4.21% | 02/28/2021 | 1,216 | 1,217,216 | ||
Xebec Global Holdings, LLC, Term Loan (1 wk. USD LIBOR + 5.25%) (Acquired 02/12/2018-08/13/2019; Cost $1,330,985) | 7.36% | 02/12/2024 | 1,337 | 1,336,803 | ||
22,963,056 | ||||||
Air Transport–1.91% | ||||||
American Airlines, Inc. | ||||||
Term Loan (1 mo. USD LIBOR + 1.75%) | 3.45% | 06/27/2025 | 74 | 73,109 | ||
Term Loan B (1 mo. USD LIBOR + 2.00%) | 3.77% | 12/14/2023 | 729 | 730,399 | ||
Avolon TLB Borrower 1 (US) LLC, Term Loan B-3 (1 mo. USD LIBOR + 1.75%) | 3.47% | 01/15/2025 | 2,992 | 3,008,269 | ||
Etraveli Group Holding AB (Sweden), Term Loan B-1 (3 mo. EURIBOR + 4.25%) | 4.25% | 08/02/2024 | EUR | 329 | 365,069 | |
Gol LuxCo S.A. (Luxembourg), Term Loan | 6.50% | 08/31/2020 | 2,998 | 3,039,187 | ||
WestJet Airlines Ltd. (Canada), Term Loan B (e) | — | 08/07/2026 | 3,509 | 3,532,787 | ||
10,748,820 | ||||||
Automotive–3.52% | ||||||
Allison Transmission, Inc., Term Loan (1 mo. USD LIBOR + 2.00%) | 3.54% | 03/29/2026 | 11 | 11,539 | ||
American Axle & Manufacturing, Inc., Term Loan B (1 mo. USD LIBOR + 2.25%) | 4.01% | 04/06/2024 | 996 | 980,027 | ||
Autokiniton US Holdings, Inc., Term Loan B (1 mo. USD LIBOR + 5.75%) (Acquired 09/26/2019; Cost $1,237,500) | 7.45% | 05/22/2025 | 1,303 | 1,244,014 | ||
BCA Marketplace PLC (United Kingdom) | ||||||
Term Loan B-1 (3 mo. GBP LIBOR + 4.75%) | 5.54% | 09/24/2026 | GBP | 354 | 460,290 | |
Term Loan B-2 (3 mo. EURIBOR + 3.25%) | 3.25% | 09/24/2026 | EUR | 260 | 287,051 | |
Belron Finance US LLC, Incremental Term Loan (1 mo. USD LIBOR + 2.50%) | 4.44% | 11/26/2026 | 736 | 738,810 | ||
Dayco Products, LLC, Term Loan (3 mo. USD LIBOR + 4.25%) | 6.16% | 05/19/2023 | 678 | 598,123 | ||
Garrett Borrowing LLC | ||||||
Term Loan B (3 mo. EURIBOR + 2.75%) | 2.75% | 09/27/2025 | EUR | 123 | 135,633 | |
Term Loan B (3 mo. USD LIBOR + 2.50%) | 4.60% | 09/27/2025 | 417 | 410,567 | ||
IAA Spinco, Inc., Term Loan (1 mo. USD LIBOR + 2.25%) | 4.00% | 06/29/2026 | 755 | 759,612 | ||
Mavis Tire Express Services Corp. | ||||||
Delayed Draw Term Loan (d) | 3.44% | 03/20/2025 | 151 | 143,155 | ||
Term Loan (1 mo. USD LIBOR + 3.25%) | 4.95% | 03/20/2025 | 1,187 | 1,125,455 | ||
Navistar, Inc., Term Loan B (1 mo. USD LIBOR + 3.50%) | 5.27% | 11/06/2024 | 0 | 266 |
Interest Rate | Maturity Date | Principal Amount (000)(a) | Value | |||
Automotive–(continued) | ||||||
Panther BF Aggregator 2 L.P. (Canada) | ||||||
Term Loan (1 mo. EURIBOR + 3.75%) | 3.75% | 04/30/2026 | EUR | 783 | $ 865,418 | |
Term Loan B (1 mo. USD LIBOR + 3.50%) | 5.20% | 04/30/2026 | $ 2,461 | 2,463,595 | ||
Project Boost Purchaser, LLC, First Lien Term Loan (1 mo. USD LIBOR + 3.50%) | 5.20% | 06/01/2026 | 806 | 799,690 | ||
Superior Industries International, Inc., Term Loan (1 mo. USD LIBOR + 4.00%) | 5.70% | 05/22/2024 | 995 | 945,321 | ||
Tenneco, Inc., Term Loan B (1 mo. USD LIBOR + 3.00%) | 4.70% | 10/01/2025 | 2,678 | 2,567,759 | ||
ThermaSys Corp. | ||||||
Term Loan (3 mo. USD LIBOR + 6.00%) (Acquired 12/31/2018; Cost $115,152) | 8.10% | 10/02/2023 | 115 | 104,788 | ||
Term Loan (3 mo. USD LIBOR + 6.00%) (Acquired 12/31/2018; Cost $741,960) | 8.10% | 01/01/2024 | 630 | 494,388 | ||
TI Group Automotive Systems, L.L.C., Term Loan (1 mo. USD LIBOR + 2.50%) | 4.20% | 06/30/2022 | 295 | 293,950 | ||
Transtar Holding Co. | ||||||
Delayed Draw Term Loan (d) | 0.00% | 04/11/2022 | 170 | 169,535 | ||
First Lien Term Loan (2 mo. USD LIBOR + 4.25%) (Acquired 10/03/2012-06/13/2016; Cost $2,130,521) | 6.02% | 04/11/2022 | 2,134 | 2,101,742 | ||
PIK Term Loan, 7.75% PIK Rate, 1.00% Cash Rate (Acquired 04/11/2017-10/11/2019; Cost $740,153)(f) | 7.75% | 04/11/2022 | 783 | 783,044 | ||
Wand NewCo 3, Inc., Term Loan (1 mo. USD LIBOR + 3.50%) | 5.20% | 02/05/2026 | 540 | 542,499 | ||
Winter Park Intermediate, Inc., First Lien Term Loan (1 mo. USD LIBOR + 4.75%) | 6.45% | 04/04/2025 | 740 | 729,781 | ||
19,756,052 | ||||||
Beverage & Tobacco–0.61% | ||||||
AI Aqua Merger Sub, Inc. | ||||||
First Lien Incremental Term Loan (1 mo. USD LIBOR + 3.25%) | 4.95% | 12/13/2023 | 691 | 664,779 | ||
First Lien Term Loan B-1 (1 mo. USD LIBOR + 3.25%) | 4.95% | 12/13/2023 | 1,946 | 1,882,868 | ||
Incremental Term Loan (1 mo. USD LIBOR + 4.25%) | 5.95% | 12/13/2023 | 203 | 198,546 | ||
Term Loan (3 mo. USD LIBOR + 4.25%) | 6.35% | 12/13/2023 | 708 | 693,446 | ||
3,439,639 | ||||||
Building & Development–2.02% | ||||||
Advanced Drainage Systems, Inc., Term Loan | 0.00% | 09/30/2026 | 587 | 591,722 | ||
American Builders & Contractors Supply Co., Inc., Term Loan (1 mo. USD LIBOR + 2.00%) | 3.70% | 01/15/2027 | 2,064 | 2,064,387 | ||
Beacon Roofing Supply, Inc., Term Loan B (1 mo. USD LIBOR + 2.25%) | 3.95% | 01/02/2025 | 12 | 11,448 | ||
Capital Automotive L.P., Second Lien Term Loan B (1 mo. USD LIBOR + 6.00%) | 7.71% | 03/24/2025 | 834 | 838,373 | ||
DiversiTech Holdings, Inc. | ||||||
Second Lien Term Loan (3 mo. USD LIBOR + 7.50%) | 9.60% | 06/02/2025 | 51 | 50,057 | ||
Term Loan B-1 (3 mo. USD LIBOR + 3.00%) | 5.10% | 06/03/2024 | 274 | 268,555 | ||
Financiere Persea (Proxiserve) (France), Term Loan B (6 mo. EURIBOR + 3.75%) | 3.75% | 03/26/2026 | EUR | 170 | 189,553 | |
Foncia Groupe S.A.S. (France), Term Loan B-3 (3 mo. EURIBOR + 3.00%) | 3.25% | 09/07/2023 | EUR | 377 | 415,549 | |
HD Supply, Inc., Term Loan B-5 (1 mo. USD LIBOR + 1.75%) | 3.45% | 10/17/2023 | 1,406 | 1,414,730 | ||
LSF10 Wolverine Investments S.C.A. (Luxembourg), Term Loan B (e) | — | 07/04/2024 | EUR | 317 | 348,044 | |
Quikrete Holdings, Inc., First Lien Term Loan (1 mo. USD LIBOR + 2.75%) | 4.45% | 11/15/2023 | 404 | 404,608 | ||
Quimper AB (Sweden) | ||||||
Second Lien Term Loan (3 mo. EURIBOR + 8.25%) | 8.25% | 02/13/2027 | EUR | 309 | 328,884 | |
Term Loan B-1 (3 mo. EURIBOR + 4.25%) | 4.25% | 02/16/2026 | EUR | 782 | 860,188 | |
Re/Max, LLC, Term Loan (1 mo. USD LIBOR + 2.75%) | 4.45% | 12/15/2023 | 2,298 | 2,303,491 | ||
Realogy Group LLC, Term Loan (1 mo. USD LIBOR + 2.25%) | 3.96% | 02/08/2025 | 244 | 236,190 | ||
Werner FinCo L.P., Term Loan (3 mo. USD LIBOR + 4.00%) | 5.70% | 07/24/2024 | 1,049 | 1,024,899 | ||
11,350,678 | ||||||
Business Equipment & Services–9.07% | ||||||
Alorica, Inc., Term Loan B (1 mo. USD LIBOR + 4.25%) | 5.95% | 06/30/2022 | 1,115 | 940,738 | ||
Altran Technologies (France), Term Loan B (3 mo. USD LIBOR + 2.50%) | 4.66% | 03/20/2025 | 352 | 352,459 |
Interest Rate | Maturity Date | Principal Amount (000)(a) | Value | ||
Business Equipment & Services–(continued) | |||||
Asurion LLC, Term Loan B-6 (1 mo. USD LIBOR + 3.00%) | 4.70% | 11/03/2023 | $ 282 | $ 282,974 | |
Blackhawk Network Holdings, Inc., Second Lien Term Loan (1 mo. USD LIBOR + 7.00%) | 8.81% | 06/15/2026 | 236 | 236,076 | |
Blucora, Inc., Term Loan (2 mo. USD LIBOR + 3.00%) | 4.70% | 05/22/2024 | 715 | 719,325 | |
Brand Energy & Infrastructure Services, Inc., Term Loan (3 mo. USD LIBOR + 4.25%) | 6.24% | 06/21/2024 | 1,321 | 1,295,983 | |
Brightview Landscapes, LLC, Term Loan (1 mo. USD LIBOR + 2.50%) | 4.28% | 08/15/2025 | 708 | 711,683 | |
Camelot Finance L.P., Term Loan (1 mo. USD LIBOR + 3.25%) | 4.95% | 10/30/2026 | 637 | 640,085 | |
Cast & Crew Payroll, LLC, First Lien Term Loan (1 mo. USD LIBOR + 4.00%) | 5.71% | 02/09/2026 | 71 | 71,351 | |
Checkout Holding Corp. | |||||
PIK Term Loan, 9.50% PIK Rate, 2.72% Cash Rate (f) | 9.50% | 08/15/2023 | 444 | 187,606 | |
Term Loan (1 mo. USD LIBOR + 7.50%) | 9.22% | 02/15/2023 | 340 | 270,859 | |
CRCI Longhorn Holdings, Inc., Second Lien Term Loan (1 mo. USD LIBOR + 7.25%) | 9.01% | 08/08/2026 | 72 | 69,873 | |
Crossmark Holdings, Inc., Term Loan (1 mo. USD LIBOR + 10.00%) (Acquired 07/26/2019; Cost $305,106) | 12.10% | 07/26/2023 | 302 | 288,546 | |
Dream Secured Bondco AB (Sweden), Term Loan B1F (3 mo. EURIBOR + 3.50%) | 3.50% | 10/21/2022 | EUR | 277 | 307,402 |
Dun & Bradstreet Corp. (The), Term Loan (1 mo. USD LIBOR + 3.75%) | 6.70% | 02/06/2026 | 272 | 273,600 | |
FleetCor Technologies Operating Co., LLC, Term Loan B-3 (1 mo. USD LIBOR + 1.75%) | 3.45% | 08/02/2024 | 529 | 531,064 | |
Garda World Security Corp. (Canada), Term Loan (3 mo. USD LIBOR + 4.75%) | 6.66% | 10/30/2026 | 1,105 | 1,103,593 | |
GI Revelation Acquisition LLC | |||||
First Lien Term Loan (1 mo. USD LIBOR + 5.00%) | 6.70% | 04/16/2025 | 960 | 898,992 | |
Second Lien Term Loan (1 mo. USD LIBOR + 9.00%) | 10.70% | 04/16/2026 | 375 | 327,152 | |
Holding Socotec (France), Term Loan B-4 (3 mo. EURIBOR + 4.00%) | 4.00% | 07/27/2024 | EUR | 346 | 382,817 |
I-Logic Technologies Bidco Ltd. (United Kingdom), Term Loan (3 mo. EURIBOR + 3.00%) | 4.00% | 12/21/2024 | EUR | 169 | 187,994 |
INDIGOCYAN Midco Ltd. (Jersey), Term Loan B (3 mo. GBP LIBOR + 4.75%) | 5.54% | 06/23/2024 | GBP | 609 | 786,069 |
Institutional Shareholder Services, Inc. | |||||
First Lien Term Loan (3 mo. USD LIBOR + 4.50%) | 6.60% | 03/05/2026 | 1,032 | 1,016,049 | |
Second Lien Term Loan (3 mo. USD LIBOR + 8.50%) (Acquired 03/05/2019; Cost $679,966) | 10.60% | 03/05/2027 | 701 | 699,243 | |
ION Trading Technologies S.a.r.l. (Luxembourg), Term Loan (6 mo. USD LIBOR + 4.00%) | 6.06% | 11/21/2024 | 599 | 562,721 | |
Iron Mountain, Inc., Term Loan B (1 mo. USD LIBOR + 1.75%) | 3.45% | 01/02/2026 | 798 | 793,820 | |
KAR Auction Services, Inc., Term Loan B-6 (1 mo. USD LIBOR + 2.50%) | 4.00% | 09/15/2026 | 1,076 | 1,083,223 | |
Karman Buyer Corp. | |||||
First Lien Term Loan (1 mo. USD LIBOR + 3.25%) | 4.95% | 07/23/2021 | 325 | 308,016 | |
First Lien Term Loan B-2 (1 mo. USD LIBOR + 3.25%) | 4.95% | 07/23/2021 | 1,719 | 1,622,656 | |
KBR, Inc., Term Loan B (1 mo. USD LIBOR + 3.75%) | 5.45% | 04/25/2025 | 1,982 | 1,991,581 | |
Monitronics International, Inc. | |||||
First Lien Term Loan (3 mo. USD LIBOR + 6.50%) | 8.60% | 03/29/2024 | 2,715 | 2,369,124 | |
Term Loan (1 mo. USD LIBOR + 5.00%) | 7.10% | 08/30/2024 | 3,005 | 3,008,998 | |
Outfront Media Capital LLC | |||||
Term Loan (1 mo. USD LIBOR + 2.00%) | 3.76% | 03/18/2024 | 2,540 | 2,548,137 | |
Term Loan (1 mo. USD LIBOR + 1.75%) | 3.51% | 11/18/2026 | 455 | 456,716 | |
Prime Security Services Borrower, LLC, Term Loan B-1 (1 mo. USD LIBOR + 3.25%) | 5.03% | 09/23/2026 | 2,377 | 2,355,590 | |
Prometric Holdings, Inc., Term Loan (1 mo. USD LIBOR + 3.00%) | 4.71% | 01/29/2025 | 196 | 192,964 | |
Red Ventures, LLC (New Imagitas, Inc.), Term Loan B-1 (1 mo. USD LIBOR + 3.00%) | 4.70% | 11/08/2024 | 221 | 221,827 | |
Refinitiv US Holdings, Inc., Term Loan B (1 mo. USD LIBOR + 3.75%) | 5.45% | 10/01/2025 | 3,918 | 3,946,962 | |
Sector Alarm Holding A.S. (Norway), Term Loan B (3 mo. EURIBOR + 3.50%) | 3.50% | 06/04/2026 | EUR | 320 | 355,352 |
ServiceMaster Co. (The), Term Loan B (1 mo. USD LIBOR + 1.75%) | 3.50% | 10/30/2026 | 647 | 649,983 | |
SMS Systems Maintenance Services, Inc., First Lien Term Loan (1 mo. USD LIBOR + 5.00%) | 6.70% | 10/30/2023 | 1,355 | 1,061,815 | |
Spin Holdco, Inc., First Lien Term Loan B-1 (3 mo. USD LIBOR + 3.25%) | 5.25% | 11/14/2022 | 4,699 | 4,599,485 | |
Techem GmbH (Germany), Term Loan B-3 (3 mo. EURIBOR + 3.50%) | 3.50% | 07/31/2025 | EUR | 212 | 234,650 |
Interest Rate | Maturity Date | Principal Amount (000)(a) | Value | ||
Business Equipment & Services–(continued) | |||||
Trans Union LLC | |||||
Incremental Term Loan B-4 (1 mo. USD LIBOR + 2.00%) | 3.79% | 06/19/2025 | $ 322 | $ 322,835 | |
Term Loan B-3 (1 mo. USD LIBOR + 2.00%) | 3.79% | 04/10/2023 | 58 | 58,111 | |
Term Loan B-5 | 3.45% | 11/16/2026 | 1,629 | 1,632,552 | |
Travelport Finance (Luxembourg) S.a.r.l. (Luxembourg), Term Loan (1 mo. USD LIBOR + 5.00%) | 7.11% | 05/30/2026 | 808 | 740,513 | |
Ventia Deco LLC, Term Loan B (3 mo. USD LIBOR + 3.50%) | 5.60% | 05/21/2026 | 1,296 | 1,302,755 | |
Wash MultiFamily Acquisition, Inc. | |||||
First Lien Term Loan (1 mo. USD LIBOR + 3.25%) | 4.95% | 05/16/2022 | 884 | 862,003 | |
First Lien Term Loan (1 mo. USD LIBOR + 3.25%) | 4.95% | 05/16/2022 | 121 | 117,525 | |
Second Lien Term Loan (1 mo. USD LIBOR + 7.00%) | 8.70% | 05/14/2023 | 21 | 20,143 | |
West Corp. | |||||
Incremental Term Loan B-1 (1 mo. USD LIBOR + 3.50%) | 5.43% | 10/10/2024 | 1,512 | 1,209,231 | |
Term Loan B (3 mo. USD LIBOR + 4.00%) | 5.93% | 10/10/2024 | 1,512 | 1,230,190 | |
Wex, Inc., Term Loan B-3 (1 mo. USD LIBOR + 2.25%) | 3.95% | 05/17/2026 | 1,861 | 1,870,311 | |
WowMidco SAS (France), Term Loan B (2 mo. EURIBOR + 3.50%) | 3.50% | 08/02/2026 | EUR | 604 | 668,545 |
50,979,867 | |||||
Cable & Satellite Television–6.82% | |||||
Altice Financing S.A. (Luxembourg) | |||||
Term Loan (1 mo. USD LIBOR + 2.75%) | 4.70% | 07/15/2025 | 617 | 603,834 | |
Term Loan (1 mo. USD LIBOR + 2.75%) | 4.47% | 01/31/2026 | 573 | 560,339 | |
Atlantic Broadband Finance, LLC, Term Loan B (1 mo. USD LIBOR + 2.25%) | 3.95% | 01/03/2025 | 3,079 | 3,089,696 | |
Charter Communications Operating, LLC | |||||
Term Loan B-1 (e) | — | 04/30/2025 | 121 | 121,521 | |
Term Loan B-2 (3 mo. USD LIBOR + 1.75%) | 3.45% | 02/01/2027 | 273 | 274,079 | |
CSC Holdings, LLC | |||||
Incremental Term Loan (1 mo. USD LIBOR + 2.25%) | 4.02% | 01/15/2026 | 1,669 | 1,668,449 | |
Term Loan (1 mo. USD LIBOR + 2.25%) | 4.02% | 07/17/2025 | 7,326 | 7,320,027 | |
Term Loan (1 mo. USD LIBOR + 2.50%) | 4.33% | 04/15/2027 | 1,406 | 1,409,807 | |
Ion Media Networks, Inc., Term Loan B-4 (1 mo. USD LIBOR + 3.00%) | 4.75% | 12/18/2024 | 1,720 | 1,720,944 | |
Numericable-SFR S.A. (France) | |||||
Term Loan B-12 (1 mo. USD LIBOR + 3.69%) | 5.45% | 01/31/2026 | 4,596 | 4,553,028 | |
Term Loan B-13 (1 mo. USD LIBOR + 4.00%) | 5.77% | 08/14/2026 | 1,479 | 1,471,792 | |
Telenet Financing USD LLC, Term Loan AN (1 mo. USD LIBOR + 2.25%) | 4.02% | 08/15/2026 | 3,394 | 3,397,472 | |
Virgin Media Bristol LLC (United Kingdom) | |||||
Term Loan (3 mo. EURIBOR + 2.50%) | 2.50% | 01/15/2029 | EUR | 446 | 492,729 |
Term Loan N (1 mo. USD LIBOR + 2.50%) | 4.27% | 01/31/2028 | 7,465 | 7,477,915 | |
Ziggo Secured Finance Partnership | |||||
Term Loan E (1 mo. USD LIBOR + 2.50%) | 4.27% | 04/15/2025 | 3,625 | 3,623,780 | |
Term Loan H (3 mo. EURIBOR + 3.00%) | 3.00% | 01/15/2029 | EUR | 509 | 558,962 |
38,344,374 | |||||
Chemicals & Plastics–3.38% | |||||
Alpha US Bidco, Inc., Term Loan B-1 (3 mo. USD LIBOR + 3.00%) | 5.10% | 01/31/2024 | 103 | 102,285 | |
Ascend Performance Materials Operations LLC, Term Loan B (3 mo. USD LIBOR + 5.25%) | 7.35% | 08/27/2026 | 2,442 | 2,452,632 | |
Cabot Microelectronics Corp., Term Loan (1 mo. USD LIBOR + 2.25%) | 4.00% | 11/14/2025 | 1,135 | 1,140,285 | |
Charter NEX US, Inc. | |||||
First Lien Incremental Term Loan (1 mo. USD LIBOR + 3.50%) | 5.20% | 05/16/2024 | 329 | 329,579 | |
First Lien Term Loan (1 mo. USD LIBOR + 3.00%) | 4.70% | 05/16/2024 | 80 | 78,937 | |
Chemours Co. (The), Term Loan (1 mo. USD LIBOR + 1.75%) | 3.46% | 04/03/2025 | 51 | 48,464 | |
Encapsys, LLC, First Lien Term Loan (1 mo. USD LIBOR + 3.50%) | 5.20% | 11/07/2024 | 6 | 5,700 |
Interest Rate | Maturity Date | Principal Amount (000)(a) | Value | |||
Chemicals & Plastics–(continued) | ||||||
Ferro Corp. | ||||||
Term Loan B-2 (3 mo. USD LIBOR + 2.25%) | 4.35% | 02/14/2024 | $ 122 | $ 121,460 | ||
Term Loan B-3 (3 mo. USD LIBOR + 2.25%) | 4.35% | 02/14/2024 | 119 | 118,876 | ||
H.B. Fuller Co., Term Loan (1 mo. USD LIBOR + 2.00%) | 3.72% | 10/20/2024 | 93 | 93,000 | ||
Hexion International Holdings B.V. (Netherlands) | ||||||
Term Loan B (3 mo. EURIBOR + 4.00%) | 4.00% | 06/26/2026 | EUR | 245 | 270,108 | |
Term Loan B (3 mo. USD LIBOR + 3.50%) | 5.60% | 06/26/2026 | 816 | 820,094 | ||
Ineos US Finance LLC, Term Loan (2 mo. USD LIBOR + 2.00%) | 3.70% | 03/31/2024 | 15 | 14,624 | ||
Invictus US NewCo LLC | ||||||
First Lien Term Loan (3 mo. USD LIBOR + 3.00%) | 4.93% | 03/28/2025 | 588 | 583,016 | ||
Second Lien Term Loan (3 mo. USD LIBOR + 6.75%) | 8.68% | 03/30/2026 | 379 | 353,933 | ||
KPEX Holdings, Inc. | ||||||
Second Lien Term Loan (1 mo. USD LIBOR + 7.00%) | 8.70% | 01/31/2026 | 149 | 119,002 | ||
Term Loan (1 mo. USD LIBOR + 3.25%) | 4.95% | 01/31/2025 | 343 | 301,433 | ||
Messer Industries USA, Inc., Term Loan B-1 (3 mo. USD LIBOR + 2.50%) | 4.60% | 10/01/2025 | 4,275 | 4,290,629 | ||
Natgasoline LLC, Term Loan (3 mo. USD LIBOR + 3.50%) | 5.44% | 11/14/2025 | 651 | 656,271 | ||
Oxea Corp., Term Loan B-2 (1 mo. USD LIBOR + 3.50%) | 5.56% | 10/14/2024 | 1,138 | 1,139,761 | ||
Perstorp Holding AB (Sweden) | ||||||
Term Loan B (3 mo. EURIBOR + 4.75%) | 4.75% | 02/26/2026 | EUR | 147 | 156,113 | |
Term Loan B (1 mo. USD LIBOR + 4.75%) | 6.85% | 02/27/2026 | 410 | 389,035 | ||
PQ Corp., Term Loan B-1 (3 mo. USD LIBOR + 2.50%) | 4.43% | 02/05/2025 | 310 | 311,106 | ||
Starfruit US Holdco LLC, Term Loan (1 mo. USD LIBOR + 3.25%) | 5.01% | 10/01/2025 | 4,144 | 4,112,586 | ||
Tata Chemicals North America, Inc., Term Loan (3 mo. USD LIBOR + 2.75%) | 4.88% | 08/07/2020 | 902 | 902,264 | ||
Tronox Finance LLC, First Lien Term Loan (1 mo. USD LIBOR + 2.75%) | 4.61% | 09/23/2024 | 75 | 75,203 | ||
18,986,396 | ||||||
Clothing & Textiles–0.53% | ||||||
ABG Intermediate Holdings 2 LLC | ||||||
First Lien Term Loan (1 mo. USD LIBOR + 3.50%) | 5.20% | 09/27/2024 | 274 | 274,337 | ||
Second Lien Term Loan (1 mo. USD LIBOR + 7.75%) | 9.45% | 09/29/2025 | 1,009 | 1,009,648 | ||
International Textile Group, Inc., First Lien Term Loan (1 mo. USD LIBOR + 5.00%) | 6.78% | 05/01/2024 | 631 | 504,897 | ||
Kontoor Brands, Inc., Term Loan B (1 mo. USD LIBOR + 4.25%) | 5.99% | 05/17/2026 | 393 | 394,197 | ||
Mascot Bidco Oy (Finland), Term Loan B (3 mo. EURIBOR + 4.50%) | 4.50% | 03/20/2026 | EUR | 678 | 747,534 | |
Tumi, Inc., Term Loan B (1 mo. USD LIBOR + 1.75%) | 3.45% | 04/25/2025 | 31 | 30,696 | ||
2,961,309 | ||||||
Conglomerates–0.62% | ||||||
APi Group DE, Inc., Term Loan (1 mo. USD LIBOR + 2.50%) | 4.20% | 09/30/2026 | 1,788 | 1,801,273 | ||
CTC AcquiCo GmbH (Germany), Term Loan B-1 (3 mo. EURIBOR + 2.50%) | 2.50% | 03/07/2025 | EUR | 426 | 466,202 | |
Penn Engineering & Manufacturing Corp., Term Loan B (1 mo. USD LIBOR + 2.75%) | 4.45% | 06/27/2024 | 410 | 409,180 | ||
Safe Fleet Holdings LLC | ||||||
First Lien Term Loan (1 mo. USD LIBOR + 3.00%) | 4.77% | 02/03/2025 | 383 | 367,353 | ||
First Lien Term Loan B-1 (1 mo. USD LIBOR + 3.75%) | 5.52% | 02/03/2025 | 262 | 254,650 | ||
Second Lien Term Loan (1 mo. USD LIBOR + 6.75%) | 8.52% | 02/02/2026 | 193 | 187,124 | ||
3,485,782 | ||||||
Containers & Glass Products–3.34% | ||||||
Berlin Packaging, LLC | ||||||
Term Loan (1 mo. USD LIBOR + 3.00%) | 4.78% | 11/07/2025 | 866 | 850,915 | ||
Term Loan B-1 (3 mo. USD LIBOR + 3.00%) | 5.11% | 11/07/2025 | 653 | 640,103 | ||
Berry Global, Inc. | ||||||
Term Loan U (1 mo. USD LIBOR + 2.50%) | 4.26% | 07/01/2026 | 8,066 | 8,109,331 | ||
Term Loan V (1 mo. EURIBOR + 2.50%) | 2.50% | 05/17/2026 | EUR | 179 | 198,361 | |
BWAY Holding Co., Term Loan (3 mo. USD LIBOR + 3.25%) | 5.23% | 04/03/2024 | 195 | 191,993 |
Interest Rate | Maturity Date | Principal Amount (000)(a) | Value | |||
Containers & Glass Products–(continued) | ||||||
Consolidated Container Co. LLC | ||||||
First Lien Term Loan (1 mo. USD LIBOR + 2.75%) | 4.45% | 05/22/2024 | $ 79 | $ 78,361 | ||
Incremental Term Loan (1 mo. USD LIBOR + 3.50%) | 5.20% | 06/26/2026 | 823 | 825,217 | ||
Duran Group (Germany), Term Loan B-2 (3 mo. USD LIBOR + 4.25%) (Acquired 03/24/2017; Cost $2,483,464) | 6.26% | 03/21/2024 | 2,515 | 2,464,602 | ||
Flex Acquisition Co., Inc. | ||||||
Incremental Term Loan B (3 mo. USD LIBOR + 3.25%) | 5.35% | 06/29/2025 | 2,310 | 2,246,335 | ||
Term Loan (3 mo. USD LIBOR + 3.00%) | 5.09% | 12/29/2023 | 21 | 20,157 | ||
Fort Dearborn Holding Co., Inc. | ||||||
First Lien Term Loan (3 mo. USD LIBOR + 4.00%) | 6.05% | 10/19/2023 | 866 | 840,115 | ||
Second Lien Term Loan (3 mo. USD LIBOR + 8.50%) | 10.56% | 10/21/2024 | 166 | 152,528 | ||
Hoffmaster Group, Inc., First Lien Term Loan B-1 (3 mo. USD LIBOR + 4.00%) | 5.70% | 11/21/2023 | 659 | 648,070 | ||
Klockner Pentaplast of America, Inc. | ||||||
Term Loan (3 mo. EURIBOR + 4.75%) | 4.75% | 06/30/2022 | EUR | 302 | 277,820 | |
Term Loan (1 mo. USD LIBOR + 4.25%) | 6.18% | 06/30/2022 | 304 | 251,128 | ||
Refresco Group, N.V. (Netherlands) | ||||||
Term Loan B-1 (3 mo. EURIBOR + 3.25%) | 3.25% | 03/28/2025 | EUR | 145 | 161,216 | |
Term Loan B-3 (e) | — | 03/28/2025 | 317 | 317,384 | ||
Trident TPI Holdings, Inc. | ||||||
Term Loan B-1 (1 mo. USD LIBOR + 3.25%) | 4.70% | 10/17/2024 | 323 | 306,856 | ||
Term Loan B-2 (3 mo. EURIBOR + 3.50%) | 3.25% | 10/17/2024 | EUR | 155 | 163,357 | |
18,743,849 | ||||||
Cosmetics & Toiletries–1.20% | ||||||
Alphabet Holding Co., Inc. | ||||||
First Lien Term Loan (1 mo. USD LIBOR + 3.50%) | 5.20% | 09/26/2024 | 2,248 | 2,100,965 | ||
Second Lien Term Loan (1 mo. USD LIBOR + 7.75%) | 9.45% | 09/26/2025 | 812 | 698,366 | ||
Anastasia Parent, LLC, Term Loan (1 mo. USD LIBOR + 3.75%) | 5.68% | 08/11/2025 | 472 | 396,651 | ||
Coty, Inc., Term Loan B (1 mo. USD LIBOR + 2.25%) | 4.01% | 04/05/2025 | 3,478 | 3,386,909 | ||
Rodenstock GmbH (Germany), Term Loan B (3 mo. EURIBOR + 5.25%) | 5.25% | 06/05/2026 | EUR | 178 | 183,758 | |
6,766,649 | ||||||
Drugs–2.03% | ||||||
Bausch Health Americas, Inc. (Canada), Incremental Term Loan (1 mo. USD LIBOR + 2.75%) | 4.52% | 11/27/2025 | 2,815 | 2,828,284 | ||
Catalent Pharma Solutions, Inc., Term Loan B-2 (1 mo. USD LIBOR + 2.25%) | 3.95% | 05/17/2026 | 1,264 | 1,267,358 | ||
Endo LLC, Term Loan (1 mo. USD LIBOR + 4.25%) | 6.00% | 04/29/2024 | 3,297 | 3,049,360 | ||
Grifols Worldwide Operations USA, Inc. | ||||||
Term Loan B (1 mo. USD LIBOR + 2.20%) | 3.77% | 11/15/2027 | 442 | 445,493 | ||
Term Loan B (1 mo. USD LIBOR + 2.00%) | 3.77% | 11/15/2027 | 334 | 336,863 | ||
Valeant Pharmaceuticals International, Inc. (Canada), Term Loan (1 mo. USD LIBOR + 3.00%) | 4.77% | 06/02/2025 | 3,441 | 3,459,574 | ||
11,386,932 | ||||||
Ecological Services & Equipment–0.85% | ||||||
Advanced Disposal Services, Inc., Term Loan (1 wk. USD LIBOR + 2.25%) | 3.85% | 11/10/2023 | 486 | 487,677 | ||
EnergySolutions, LLC, Term Loan (3 mo. USD LIBOR + 3.75%) | 5.85% | 05/11/2025 | 698 | 659,875 | ||
GFL Environmental, Inc. (Canada), Incremental Term Loan (1 mo. USD LIBOR + 3.00%) | 4.70% | 05/30/2025 | 2,642 | 2,616,995 | ||
Patriot Container Corp., Second Lien Term Loan (1 mo. USD LIBOR + 7.75%) (Acquired 03/29/2018; Cost $102,634) | 9.45% | 03/20/2026 | 105 | 94,779 | ||
Tunnel Hill Partners, L.P., Term Loan (1 mo. USD LIBOR + 3.50%) | 5.20% | 02/06/2026 | 624 | 621,870 | ||
US Ecology, Inc., Term Loan (e) | — | 08/14/2026 | 292 | 295,143 | ||
4,776,339 | ||||||
Electronics & Electrical–11.49% | ||||||
Applied Systems, Inc., Second Lien Term Loan (3 mo. USD LIBOR + 7.00%) | 9.10% | 09/19/2025 | 58 | 59,014 |
Interest Rate | Maturity Date | Principal Amount (000)(a) | Value | ||
Electronics & Electrical–(continued) | |||||
Boxer Parent Co., Inc. | |||||
Term Loan (e) | — | 10/02/2025 | $ 721 | $ 695,103 | |
Term Loan (e) | — | 10/02/2025 | EUR | 129 | 141,755 |
Brave Parent Holdings, Inc., First Lien Term Loan (3 mo. USD LIBOR + 4.00%) | 5.93% | 04/18/2025 | 405 | 391,710 | |
Canyon Valor Cos., Inc., First Lien Term Loan (3 mo. USD LIBOR + 2.75%) | 4.85% | 06/16/2023 | 1,920 | 1,922,844 | |
CommScope, Inc., Term Loan (1 mo. USD LIBOR + 3.25%) | 4.95% | 04/06/2026 | 4,001 | 3,982,809 | |
Dell International LLC, Term Loan B-1 (1 mo. USD LIBOR + 2.00%) | 3.71% | 09/12/2025 | 1,022 | 1,028,604 | |
Diebold Nixdorf, Inc. | |||||
Term Loan A (1 mo. USD LIBOR + 4.75%) | 6.56% | 04/30/2022 | 344 | 332,398 | |
Term Loan A-1 (1 mo. USD LIBOR + 9.25%) | 11.00% | 08/31/2022 | 1,923 | 1,999,368 | |
Term Loan B (1 mo. EURIBOR + 3.00%) | 3.00% | 11/06/2023 | EUR | 440 | 449,174 |
Term Loan B (1 mo. USD LIBOR + 2.75%) | 4.56% | 11/06/2023 | 1,582 | 1,479,420 | |
Energizer Holdings, Inc., Term Loan B (1 mo. USD LIBOR + 2.25%) | 4.06% | 12/17/2025 | 2,451 | 2,465,209 | |
ETA Australia Holdings III Pty. Ltd. (Australia), Term Loan (1 mo. USD LIBOR + 4.00%) | 5.70% | 05/06/2026 | 921 | 926,005 | |
Finastra USA, Inc. (United Kingdom) | |||||
First Lien Term Loan (6 mo. EURIBOR + 3.00%) | 4.00% | 06/13/2024 | EUR | 877 | 964,311 |
First Lien Term Loan (3 mo. USD LIBOR + 3.50%) | 5.70% | 06/13/2024 | 1 | 621 | |
Go Daddy Operating Company, LLC, Term Loan B-2 (1 mo. USD LIBOR + 1.75%) | 3.45% | 02/15/2024 | 2,121 | 2,132,939 | |
Hyland Software, Inc. | |||||
First Lien Term Loan (1 mo. USD LIBOR + 3.25%) | 5.20% | 07/01/2024 | 119 | 119,747 | |
Second Lien Term Loan (1 mo. USD LIBOR + 7.00%) | 8.70% | 07/07/2025 | 234 | 237,085 | |
IGT Holding IV AB (Sweden) | |||||
Term Loan B (e) | — | 07/26/2024 | EUR | 281 | 310,249 |
Term Loan B (3 mo. USD LIBOR + 3.50%) | 6.10% | 07/26/2024 | 1,040 | 1,030,766 | |
Imperva, Inc. | |||||
Second Lien Term Loan (3 mo. USD LIBOR + 7.75%) | 9.74% | 01/11/2027 | 562 | 513,249 | |
Term Loan (1 mo. USD LIBOR + 4.00%) | 5.99% | 01/10/2026 | 49 | 46,821 | |
ION Corporates | |||||
Term Loan (3 mo. EURIBOR + 4.25%) | 4.25% | 10/02/2025 | EUR | 684 | 746,104 |
Term Loan (3 mo. USD LIBOR + 4.25%) | 6.18% | 10/02/2025 | 356 | 352,570 | |
MA Finance Co., LLC, Term Loan B-2 (1 mo. USD LIBOR + 2.25%) | 3.95% | 11/19/2021 | 45 | 44,828 | |
Marcel Bidco LLC, Term Loan B-1 (1 mo. USD LIBOR + 3.25%) | 4.95% | 03/11/2025 | 241 | 238,176 | |
Mavenir Systems, Inc., Term Loan (3 mo. USD LIBOR + 6.00%) | 7.91% | 05/08/2025 | 1,601 | 1,560,827 | |
McAfee, LLC, Term Loan B-1 (3 mo. EURIBOR + 3.50%) | 3.50% | 09/30/2024 | EUR | 890 | 984,805 |
Mirion Technologies, Inc., Term Loan (3 mo. USD LIBOR + 4.00%) | 6.11% | 03/06/2026 | 822 | 825,713 | |
MKS Instruments, Inc., Term Loan B-6 (1 mo. USD LIBOR + 1.75%) | 3.45% | 02/02/2026 | 649 | 651,207 | |
MTS Systems, Term Loan B (1 mo. USD LIBOR + 3.25%) | 4.96% | 07/05/2023 | 249 | 248,551 | |
Natel Engineering Co., Inc., Term Loan (1 mo. USD LIBOR + 5.00%) | 6.78% | 04/29/2026 | 1,422 | 1,372,041 | |
NCR Corp., Term Loan B (1 mo. USD LIBOR + 2.50%) | 4.21% | 08/28/2026 | 1,476 | 1,479,787 | |
Neustar, Inc. | |||||
Term Loan B-4 (1 mo. USD LIBOR + 3.50%) | 5.20% | 08/08/2024 | 1,126 | 1,058,873 | |
Term Loan B-5 (1 mo. USD LIBOR + 4.50%) | 6.20% | 08/08/2024 | 635 | 623,026 | |
Omnitracs, Inc., Term Loan (3 mo. USD LIBOR + 2.75%) | 4.86% | 03/23/2025 | 1,303 | 1,292,938 | |
ON Semiconductor Corp., Term Loan B-4 (3 mo. USD LIBOR + 2.00%) | 3.70% | 09/19/2026 | 1,929 | 1,939,902 | |
Open Text Corp. (Canada), Term Loan (1 mo. USD LIBOR + 1.75%) | 3.45% | 05/30/2025 | 48 | 48,591 | |
Optiv, Inc. | |||||
Second Lien Term Loan (1 mo. USD LIBOR + 7.25%) | 8.95% | 01/31/2025 | 417 | 258,844 | |
Term Loan (1 mo. USD LIBOR + 3.25%) | 4.95% | 02/01/2024 | 1,814 | 1,502,898 | |
Plantronics, Inc., Term Loan B (1 mo. USD LIBOR + 2.50%) | 4.20% | 07/02/2025 | 2,226 | 2,115,558 | |
Project Accelerate Parent, LLC, First Lien Term Loan (1 mo. USD LIBOR + 4.25%) | 6.01% | 01/02/2025 | 1,229 | 1,221,164 | |
Project Leopard Holdings, Inc. | |||||
Incremental Term Loan (6 mo. USD LIBOR + 4.25%) | 6.45% | 07/07/2023 | 735 | 732,941 | |
Term Loan (6 mo. USD LIBOR + 4.50%) | 6.70% | 07/07/2023 | 757 | 757,789 |
Interest Rate | Maturity Date | Principal Amount (000)(a) | Value | |||
Electronics & Electrical–(continued) | ||||||
Quest Software US Holdings, Inc., First Lien Term Loan (3 mo. USD LIBOR + 4.25%) | 6.18% | 05/16/2025 | $ 3,929 | $ 3,914,537 | ||
Renaissance Holding Corp., Second Lien Term Loan (1 mo. USD LIBOR + 7.00%) | 8.70% | 05/29/2026 | 242 | 226,624 | ||
Resideo Funding, Inc, Term Loan B (3 mo. USD LIBOR + 2.00%) | 4.36% | 10/25/2025 | 434 | 432,574 | ||
Riverbed Technology, Inc., Term Loan (1 mo. USD LIBOR + 3.25%) | 4.96% | 04/24/2022 | 3,420 | 2,735,198 | ||
Sandvine Corp. | ||||||
First Lien Term Loan (1 mo. USD LIBOR + 4.50%) | 6.20% | 10/31/2025 | 1,227 | 1,208,495 | ||
Second Lien Term Loan (1 mo. USD LIBOR + 8.00%) (Acquired 10/31/2018; Cost $176,177) | 9.70% | 11/02/2026 | 180 | 172,582 | ||
Science Applications International Corp., Term Loan B (1 mo. USD LIBOR + 1.75%) | 3.45% | 10/31/2025 | 1,416 | 1,417,851 | ||
SS&C Technologies, Inc. | ||||||
Term Loan B-3 (1 mo. USD LIBOR + 2.25%) | 3.95% | 04/16/2025 | 2,015 | 2,030,868 | ||
Term Loan B-4 (1 mo. USD LIBOR + 2.25%) | 3.95% | 04/16/2025 | 1,311 | 1,322,005 | ||
Term Loan B-5 (1 mo. USD LIBOR + 2.25%) | 3.95% | 04/16/2025 | 2,900 | 2,917,732 | ||
Sybil Software LLC | ||||||
Term Loan (3 mo. EURIBOR + 2.25%) | 2.25% | 09/29/2023 | EUR | 377 | 419,006 | |
Term Loan (3 mo. USD LIBOR + 2.25%) | 4.35% | 09/29/2023 | 1,164 | 1,173,239 | ||
TTM Technologies, Inc., Term Loan B (1 mo. USD LIBOR + 2.50%) | 4.28% | 09/28/2024 | 1,520 | 1,525,865 | ||
Ultimate Software Group, Inc., First Lien Term Loan (1 mo. USD LIBOR + 3.75%) | 5.45% | 05/04/2026 | 2,518 | 2,533,443 | ||
Veritas US, Inc., Term Loan (e) | — | 01/27/2023 | EUR | 98 | 103,922 | |
Xperi Corp., Term Loan B-1 (1 mo. USD LIBOR + 2.50%) | 4.20% | 12/01/2023 | 1,178 | 1,154,141 | ||
64,574,416 | ||||||
Equipment Leasing–0.02% | ||||||
United Rentals (North America), Inc., Term Loan (1 mo. USD LIBOR + 1.75%) | 3.45% | 10/31/2025 | 121 | 122,114 | ||
Financial Intermediaries–0.73% | ||||||
Evergood 4 APS (Denmark) | ||||||
Term Loan B-1-E (3 mo. EURIBOR + 3.25%) | 3.25% | 02/06/2025 | EUR | 232 | 253,015 | |
Term Loan B-2 (3 mo. EURIBOR + 3.75%) | 3.75% | 02/06/2025 | EUR | 321 | 355,141 | |
LPL Holdings, Inc., Term Loan B (1 mo. USD LIBOR + 1.75%) | 3.45% | 11/12/2026 | 666 | 669,379 | ||
MoneyGram International, Inc., Term Loan (3 mo. USD LIBOR + 6.00%) | 7.70% | 06/30/2023 | 2,739 | 2,397,023 | ||
SGG Holdings S.A. (Luxembourg), Term Loan B (6 mo. EURIBOR + 3.75%) | 3.75% | 07/11/2025 | EUR | 403 | 429,819 | |
Stiphout Finance LLC, Second Lien Term Loan (1 mo. USD LIBOR + 7.25%) (Acquired 07/23/2015; Cost $21,747) | 8.95% | 10/26/2023 | 22 | 20,763 | ||
4,125,140 | ||||||
Food & Drug Retailers–0.03% | ||||||
Albertsons Cos., Inc., Term Loan B-8 (1 mo. USD LIBOR + 2.75%) | 4.45% | 08/17/2026 | 146 | 146,801 | ||
Food Products–4.79% | ||||||
8th Avenue Food & Provisions, Inc. | ||||||
First Lien Term Loan (1 mo. USD LIBOR + 3.75%) | 5.51% | 10/01/2025 | 4 | 3,786 | ||
Second Lien Term Loan (1 mo. USD LIBOR + 7.75%) | 9.51% | 10/01/2026 | 435 | 430,278 | ||
Arnott’s Biscuits Ltd., Term Loan (e) | — | 10/16/2026 | 1,021 | 1,023,304 | ||
B&G Foods, Inc., Term Loan B-4 (1 mo. USD LIBOR + 2.50%) | 4.20% | 09/16/2026 | 377 | 379,580 | ||
CHG PPC Parent LLC, Term Loan (1 mo. USD LIBOR + 2.75%) | 4.45% | 03/31/2025 | 343 | 343,441 | ||
CSM Bakery Supplies LLC, First Lien Term Loan (3 mo. USD LIBOR + 4.00%) | 6.03% | 07/03/2020 | 1,877 | 1,801,184 | ||
Dole Food Co., Inc., Term Loan B (1 mo. USD LIBOR + 2.75%) | 4.46% | 04/06/2024 | 2,776 | 2,748,324 | ||
H-Food Holdings, LLC | ||||||
Incremental Term Loan B-2 (1 mo. USD LIBOR + 4.00%) | 5.70% | 05/23/2025 | 297 | 278,865 | ||
Term Loan (1 mo. USD LIBOR + 3.69%) | 5.39% | 05/23/2025 | 3,319 | 3,088,723 | ||
Hostess Brands, LLC, First Lien Term Loan B (1 mo. USD LIBOR + 2.25%) | 3.96% | 08/03/2025 | 656 | 656,495 | ||
Jacobs Douwe Egberts International B.V., Term Loan B (1 mo. USD LIBOR + 2.00%) | 3.81% | 11/01/2025 | 728 | 732,189 | ||
JBS USA Lux S.A., Term Loan B (1 mo. USD LIBOR + 2.50%) | 4.20% | 05/01/2026 | 6,578 | 6,630,017 |
Interest Rate | Maturity Date | Principal Amount (000)(a) | Value | |||
Food Products–(continued) | ||||||
Manna Pro Products, LLC | ||||||
Delayed Draw Term Loan (Acquired 05/30/2019; Cost $269,502)(d) | 1.00% | 12/08/2023 | $ 272 | $ 269,502 | ||
Incremental Term Loan (1 mo. USD LIBOR + 6.00%) (Acquired 05/30/2019; Cost $909,278) | 7.70% | 12/08/2023 | 918 | 909,278 | ||
Mastronardi Produce-USA, Inc., Term Loan B (1 mo. USD LIBOR + 3.25%) | 4.95% | 05/01/2025 | 486 | 486,753 | ||
Nomad Foods US LLC (United Kingdom), Term Loan B-4 (1 mo. USD LIBOR + 2.25%) | 4.02% | 05/15/2024 | 1,164 | 1,166,745 | ||
Shearer’s Foods, LLC | ||||||
Second Lien Term Loan (1 mo. USD LIBOR + 6.75%) | 8.45% | 06/30/2022 | 246 | 243,719 | ||
Term Loan (1 mo. USD LIBOR + 4.25%) | 5.95% | 03/31/2022 | 1,435 | 1,434,988 | ||
United Natural Foods, Inc., Term Loan B (1 mo. USD LIBOR + 4.25%) | 5.95% | 10/22/2025 | 5,165 | 4,280,055 | ||
26,907,226 | ||||||
Food Service–4.21% | ||||||
Carlisle FoodService Products, Inc. | ||||||
Delayed Draw Term Loan (3 mo. USD LIBOR + 3.00%) | 1.00% | 03/20/2025 | 37 | 35,454 | ||
Term Loan (1 mo. USD LIBOR + 3.00%) | 4.70% | 03/20/2025 | 406 | 386,413 | ||
EG Finco Ltd. (Netherlands) | ||||||
Term Loan (3 mo. USD LIBOR + 4.00%) | 6.10% | 02/06/2025 | 469 | 457,526 | ||
Term Loan B (3 mo. EURIBOR + 4.00%) | 4.00% | 02/07/2025 | EUR | 674 | 727,238 | |
Euro Garages (Netherlands), Term Loan B (3 mo. USD LIBOR + 4.00%) | 6.10% | 02/06/2025 | 382 | 372,549 | ||
Houston Foods, Inc., Term Loan (1 mo. USD LIBOR + 3.75%) | 5.45% | 07/20/2025 | 1,130 | 1,079,712 | ||
New Red Finance, Inc. | ||||||
Term Loan B-3 (1 mo. USD LIBOR + 2.25%) | 3.45% | 11/19/2026 | 1,730 | 1,731,334 | ||
Term Loan B-4 (1 mo. USD LIBOR + 1.75%) | 3.45% | 11/14/2026 | 11,263 | 11,274,042 | ||
NPC International, Inc. | ||||||
First Lien Term Loan (1 mo. USD LIBOR + 3.50%) | 5.43% | 04/19/2024 | 853 | 428,506 | ||
Second Lien Term Loan (3 mo. USD LIBOR + 7.50%) | 9.43% | 04/18/2025 | 239 | 30,755 | ||
Restaurant Technologies, Inc., Second Lien Term Loan (1 mo. USD LIBOR + 6.50%) | 8.20% | 10/01/2026 | 442 | 438,504 | ||
US Foods, Inc. | ||||||
Incremental Term Loan B (1 mo. USD LIBOR + 2.00%) | 3.69% | 08/15/2026 | 1,266 | 1,270,663 | ||
Term Loan (1 mo. USD LIBOR + 1.75%) | 3.44% | 06/27/2023 | 4,314 | 4,327,345 | ||
Weight Watchers International, Inc., Term Loan (3 mo. USD LIBOR + 4.75%) | 6.86% | 11/29/2024 | 1,088 | 1,090,510 | ||
23,650,551 | ||||||
Health Care–4.84% | ||||||
Acadia Healthcare Co., Inc. | ||||||
Term Loan B-3 (1 mo. USD LIBOR + 2.50%) | 4.20% | 02/11/2022 | 658 | 659,758 | ||
Term Loan B-4 (1 mo. USD LIBOR + 2.50%) | 4.20% | 02/16/2023 | 1,592 | 1,597,102 | ||
AI Sirona (Luxembourg) Acquisition S.a.r.l. (Luxembourg), Term Loan B (e) | — | 09/30/2025 | EUR | 380 | 405,559 | |
athenahealth, Inc., First Lien Term Loan B (3 mo. USD LIBOR + 4.50%) | 6.40% | 02/11/2026 | 1,336 | 1,337,125 | ||
Biogroup-LCD (France), First Lien Term Loan (3 mo. EURIBOR + 3.75%) | 3.75% | 04/25/2026 | EUR | 197 | 218,017 | |
BVI Medical, Inc., Term Loan (3 mo. EURIBOR + 4.25%) | 4.25% | 03/02/2026 | EUR | 171 | 190,393 | |
Curie Merger Sub, LLC, Term Loan (e) | — | 10/29/2026 | 190 | 189,722 | ||
Curium BidCo S.a.r.l. (Luxembourg), Term Loan B (3 mo. USD LIBOR + 4.00%) | 6.10% | 06/27/2026 | 991 | 998,228 | ||
DaVita HealthCare Partners, Inc., Term Loan B (1 mo. USD LIBOR + 2.25%) | 3.95% | 08/12/2026 | 1,794 | 1,805,967 | ||
Dentalcorp Perfect Smile ULC (Canada), Second Lien Term Loan (1 mo. USD LIBOR + 7.50%) | 9.20% | 06/08/2026 | 655 | 648,745 | ||
Explorer Holdings, Inc., Term Loan B (e) | — | 11/20/2026 | 1,883 | 1,874,724 | ||
Financiere Mendel (France), Term Loan B (3 mo. EURIBOR + 4.75%) | 4.75% | 04/12/2026 | EUR | 1,257 | 1,393,337 | |
Global Healthcare Exchange, LLC, Term Loan (3 mo. USD LIBOR + 3.25%) | 5.35% | 06/28/2024 | 29 | 28,670 | ||
GoodRx, Inc., Term Loan (1 mo. USD LIBOR + 2.75%) | 4.50% | 10/10/2025 | 315 | 315,268 | ||
Greatbatch, Ltd., Term Loan B (1 mo. USD LIBOR + 2.50%) | 4.27% | 10/27/2022 | 44 | 43,744 | ||
HC Group Holdings III, Inc., Term Loan B (1 mo. USD LIBOR + 4.50%) | 6.20% | 08/06/2026 | 1,614 | 1,589,813 |
Interest Rate | Maturity Date | Principal Amount (000)(a) | Value | |||
Health Care–(continued) | ||||||
IQVIA, Inc., Term Loan B-2 (3 mo. USD LIBOR + 2.00%) | 4.10% | 01/17/2025 | $ 29 | $ 29,436 | ||
IWH UK Midco Ltd. (United Kingdom), Term Loan B (3 mo. EURIBOR + 4.00%) | 4.00% | 01/31/2025 | EUR | 918 | 1,005,363 | |
MED ParentCo., L.P., Second Lien Term Loan (1 mo. USD LIBOR + 8.25%) | 9.95% | 08/02/2027 | 154 | 153,293 | ||
Nidda Healthcare Holding AG (Germany), Term Loan C (3 mo. GBP LIBOR + 4.50%) | 5.30% | 08/21/2024 | GBP | 172 | 224,331 | |
Ortho-Clinical Diagnostics, Inc., Term Loan (3 mo. USD LIBOR + 3.25%) | 5.31% | 06/30/2025 | 1,057 | 1,044,903 | ||
Prophylaxis B.V. (Netherlands), Term Loan B (6 mo. EURIBOR + 4.00%) | 4.00% | 06/05/2025 | EUR | 1,729 | 1,378,480 | |
Sunshine Luxembourg VII S.a.r.l. (Switzerland) | ||||||
Term Loan (3 mo. USD LIBOR + 4.25%) | 6.35% | 07/23/2026 | 3,160 | 3,175,335 | ||
Term Loan B-2 (3 mo. EURIBOR + 3.75%) | 3.75% | 10/01/2026 | EUR | 507 | 561,161 | |
Surgery Center Holdings, Inc., Term Loan (1 mo. USD LIBOR + 3.25%) | 4.96% | 09/02/2024 | 7 | 7,110 | ||
Synlab Bondco PLC (United Kingdom), First Lien Term Loan (3 mo. EURIBOR + 3.75%) | 3.75% | 07/01/2026 | EUR | 1,011 | 1,119,501 | |
Team Health Holdings, Inc., Term Loan (1 mo. USD LIBOR + 2.75%) | 4.45% | 02/06/2024 | 744 | 530,478 | ||
Terveys-ja hoivapalvelut Suomi Oy (Finland) | ||||||
First Lien Term Loan B (3 mo. EURIBOR + 4.25%) | 4.25% | 08/11/2025 | EUR | 609 | 674,914 | |
Second Lien Term Loan (3 mo. EURIBOR + 7.50%) | 7.50% | 07/19/2026 | EUR | 333 | 370,898 | |
Unilabs Diagnostics AB (Sweden), Revolver Loan (d) | 0.00% | 04/01/2021 | EUR | 769 | 841,902 | |
Upstream Newco, Inc., Term Loan (1 mo. USD LIBOR + 4.50%) | 6.20% | 10/22/2026 | 479 | 480,674 | ||
Verscend Holding Corp., Term Loan B (1 mo. USD LIBOR + 4.50%) | 6.20% | 08/27/2025 | 1,938 | 1,944,470 | ||
WP CityMD Bidco LLC, Term Loan (3 mo. USD LIBOR + 4.50%) | 6.61% | 08/13/2026 | 350 | 347,692 | ||
27,186,113 | ||||||
Home Furnishings–1.09% | ||||||
Comfort Holding, LLC, First Lien Term Loan (1 mo. USD LIBOR + 4.75%) | 6.45% | 02/05/2024 | 1,025 | 1,015,238 | ||
Global Appliance, Inc., Term Loan B (1 mo. USD LIBOR + 4.00%) | 5.71% | 09/29/2024 | 1,002 | 980,876 | ||
Hayward Industries, Inc., First Lien Term Loan (1 mo. USD LIBOR + 3.50%) | 5.20% | 08/05/2024 | 242 | 238,011 | ||
Hilding Anders AB (Sweden), Term Loan B (3 mo. EURIBOR + 5.00%)(g) | 5.00% | 11/29/2024 | EUR | 387 | 343,130 | |
Serta Simmons Bedding, LLC | ||||||
First Lien Term Loan (1 mo. USD LIBOR + 3.50%) | 5.26% | 11/08/2023 | 1,666 | 984,050 | ||
Second Lien Term Loan (1 mo. USD LIBOR + 8.00%) | 9.72% | 11/08/2024 | 1,155 | 345,464 | ||
SIWF Holdings, Inc., Term Loan (1 mo. USD LIBOR + 4.25%) | 5.95% | 06/15/2025 | 866 | 855,883 | ||
TGP Holdings III, LLC | ||||||
First Lien Term Loan (3 mo. USD LIBOR + 4.25%) | 5.95% | 09/25/2024 | 1,131 | 1,063,491 | ||
Second Lien Term Loan (3 mo. USD LIBOR + 8.50%) (Acquired 09/21/2017-04/17/2019; Cost $325,426) | 10.20% | 09/25/2025 | 330 | 305,197 | ||
6,131,340 | ||||||
Industrial Equipment–1.79% | ||||||
Airxcel, Inc., First Lien Term Loan (1 mo. USD LIBOR + 4.50%) | 6.20% | 04/28/2025 | 238 | 229,272 | ||
Alpha AB Bidco B.V. (Netherlands), Term Loan B (3 mo. EURIBOR + 3.75%) | 3.75% | 07/30/2025 | EUR | 107 | 113,867 | |
Clark Equipment Co. | ||||||
Term Loan (e) | — | 05/18/2024 | 138 | 138,426 | ||
Term Loan B (3 mo. USD LIBOR + 2.00%) | 4.10% | 05/18/2024 | 1,267 | 1,269,183 | ||
Columbus McKinnon Corp., Term Loan (3 mo. USD LIBOR + 2.50%) (Acquired 02/26/2018; Cost $18,628) | 4.60% | 01/31/2024 | 18 | 18,640 | ||
Crosby US Acquisition Corp., Term Loan B (1 mo. USD LIBOR + 4.75%) | 6.47% | 06/27/2026 | 596 | 567,146 | ||
Delachaux Group S.A. (France), Term Loan B-2 (3 mo. USD LIBOR + 4.50%) | 6.50% | 04/16/2026 | 343 | 342,321 | ||
DXP Enterprises, Inc., Term Loan (1 mo. USD LIBOR + 4.75%) | 6.45% | 08/29/2023 | 58 | 58,772 | ||
Engineered Machinery Holdings, Inc. | ||||||
First Lien Incremental Term Loan (3 mo. USD LIBOR + 4.25%) | 6.35% | 07/19/2024 | 412 | 411,705 | ||
First Lien Term Loan (3 mo. USD LIBOR + 3.00%) | 5.10% | 07/19/2024 | 274 | 269,881 | ||
Second Lien Term Loan (3 mo. USD LIBOR + 7.25%) | 9.35% | 07/18/2025 | 577 | 570,950 | ||
Gardner Denver, Inc., Term Loan B-1 (1 mo. USD LIBOR + 2.75%) | 4.45% | 07/30/2024 | 1,219 | 1,225,108 | ||
Generac Power Systems, Inc., Term Loan (1 mo. USD LIBOR + 1.75%) | 3.53% | 05/31/2023 | 333 | 334,232 |
Interest Rate | Maturity Date | Principal Amount (000)(a) | Value | |||
Industrial Equipment–(continued) | ||||||
Hamilton Holdco LLC, Term Loan (3 mo. USD LIBOR + 2.00%) | 4.11% | 07/02/2025 | $ 1,537 | $ 1,540,817 | ||
MX Holdings US, Inc., Term Loan B-1C (1 mo. USD LIBOR + 3.00%) | 4.45% | 07/31/2025 | 1,157 | 1,164,369 | ||
New VAC US LLC, Term Loan B (3 mo. USD LIBOR + 4.00%) | 6.10% | 03/08/2025 | 422 | 348,091 | ||
Rexnord LLC/RBS Global, Inc., Term Loan B (1 mo. USD LIBOR + 2.00%) | 3.70% | 08/21/2024 | 13 | 12,631 | ||
Robertshaw US Holding Corp., Second Lien Term Loan (1 mo. USD LIBOR + 8.00%) | 9.75% | 02/28/2026 | 388 | 320,404 | ||
S2P Acquisiton Borrower, Inc., First Lien Term Loan (1 mo. USD LIBOR + 4.00%) | 5.70% | 08/14/2026 | 839 | 837,266 | ||
Terex Corp., Term Loan (1 mo. USD LIBOR + 2.75%) | 4.59% | 01/31/2024 | 302 | 303,541 | ||
10,076,622 | ||||||
Insurance–0.43% | ||||||
FrontDoor, Inc., Term Loan (1 mo. USD LIBOR + 2.50%) | 4.25% | 08/16/2025 | 309 | 310,885 | ||
Hub International Ltd. | ||||||
Incremental Term Loan (e) | — | 04/25/2025 | 1,172 | 1,176,658 | ||
Term Loan (3 mo. USD LIBOR + 3.00%) | 4.69% | 04/25/2025 | 238 | 234,510 | ||
USI, Inc., Term Loan (e) | — | 11/30/2026 | 690 | 690,946 | ||
2,412,999 | ||||||
Leisure Goods, Activities & Movies–4.05% | ||||||
Alpha Topco Ltd. (United Kingdom), Term Loan B (1 mo. USD LIBOR + 2.50%) | 4.20% | 02/01/2024 | 6,561 | 6,533,161 | ||
AMC Entertainment, Inc., Term Loan B-1 (1 mo. USD LIBOR + 3.00%) | 5.23% | 04/22/2026 | 656 | 659,697 | ||
Ancestry.com Operations, Inc., First Lien Term Loan (1 mo. USD LIBOR + 3.75%) | 5.46% | 10/19/2023 | 1,965 | 1,903,088 | ||
Callaway Golf Co., Term Loan (1 mo. USD LIBOR + 4.50%) | 6.26% | 01/04/2026 | 363 | 367,693 | ||
Cinemark USA, Inc., Term Loan (3 mo. USD LIBOR + 1.75%) | 3.46% | 03/31/2025 | 126 | 127,287 | ||
Crown Finance US, Inc. | ||||||
Term Loan (1 mo. USD LIBOR + 2.25%) | 3.95% | 02/28/2025 | 4,832 | 4,822,446 | ||
Term Loan (e) | — | 09/20/2026 | 1,078 | 1,078,571 | ||
CWGS Group, LLC, Term Loan (1 mo. USD LIBOR + 2.75%) | 4.53% | 11/08/2023 | 1,102 | 994,134 | ||
Dorna Sports, S.L. (Spain), Term Loan B-2 (6 mo. USD LIBOR + 3.00%) | 5.20% | 04/12/2024 | 723 | 712,901 | ||
Fitness International, LLC, Term Loan B (1 mo. USD LIBOR + 3.25%) | 4.95% | 04/18/2025 | 796 | 792,729 | ||
Invictus Media S.L.U. (Spain) | ||||||
Term Loan B-1 (6 mo. EURIBOR + 4.50%) | 4.50% | 06/26/2025 | EUR | 475 | 522,983 | |
Term Loan B-2 (6 mo. EURIBOR + 4.50%) | 4.50% | 06/26/2025 | EUR | 285 | 313,506 | |
Lakeland Tours, LLC, Term Loan (3 mo. USD LIBOR + 4.00%) | 6.40% | 12/16/2024 | 800 | 794,145 | ||
Live Nation Entertainment, Inc., Term Loan B-4 (1 mo. USD LIBOR + 1.75%) | 3.56% | 10/19/2026 | 106 | 107,003 | ||
Merlin Entertainments PLC (United Kingdom) | ||||||
Term Loan B (e) | — | 10/16/2026 | EUR | 458 | 508,737 | |
Term Loan B-1 (e) | — | 10/16/2026 | 758 | 765,149 | ||
Term Loan B-2 (d) | 0.00% | 10/16/2026 | 126 | 127,526 | ||
Parques Reunidos (Spain), Term Loan B-1 (6 mo. EURIBOR + 3.75%) | 3.75% | 09/27/2026 | EUR | 760 | 840,622 | |
Sabre GLBL, Inc., Term Loan B (1 mo. USD LIBOR + 2.00%) | 3.70% | 02/22/2024 | 112 | 112,599 | ||
SRAM, LLC, Term Loan B (1 mo. USD LIBOR + 2.75%) | 4.45% | 03/15/2024 | 376 | 377,660 | ||
Vue International Bidco PLC (United Kingdom) | ||||||
Delayed Draw Term Loan (d) | 0.00% | 06/21/2026 | EUR | 38 | 41,831 | |
Term Loan B-1 (3 mo. EURIBOR + 4.75%) | 4.75% | 06/21/2026 | EUR | 209 | 232,640 | |
22,736,108 | ||||||
Lodging & Casinos–4.66% | ||||||
Aimbridge Acquisition Co., Inc., Term Loan (1 mo. USD LIBOR + 3.75%) | 5.46% | 02/01/2026 | 694 | 699,397 | ||
AMCP Clean Acquisition Co., LLC | ||||||
Delayed Draw Term Loan (1 mo. USD LIBOR + 4.25%)(h) | 5.95% | 06/16/2025 | 133 | 129,101 | ||
Term Loan (1 mo. USD LIBOR + 4.25%)(h) | 5.95% | 06/16/2025 | 550 | 533,574 |
Interest Rate | Maturity Date | Principal Amount (000)(a) | Value | |||
Lodging & Casinos–(continued) | ||||||
B&B Hotels SAS (France) | ||||||
Second Lien Term Loan B (3 mo. EURIBOR + 8.50%) | 8.50% | 07/10/2027 | EUR | 264 | $ 294,506 | |
Term Loan B-1A (3 mo. EURIBOR + 4.75%) | 4.75% | 07/10/2026 | EUR | 579 | 645,899 | |
Boyd Gaming Corp., Term Loan B (1 wk. USD LIBOR + 2.25%) | 3.85% | 09/15/2023 | $ 93 | 93,500 | ||
Caesars Entertainment Operating Co., LLC, Term Loan B (1 mo. USD LIBOR + 2.00%) | 3.70% | 10/06/2024 | 1,189 | 1,191,578 | ||
Caesars Resort Collection, LLC, Term Loan B (1 mo. USD LIBOR + 2.75%) | 4.45% | 12/23/2024 | 7,508 | 7,462,873 | ||
CityCenter Holdings, LLC, Term Loan B (1 mo. USD LIBOR + 2.25%) | 3.95% | 04/18/2024 | 1,105 | 1,108,689 | ||
ESH Hospitality, Inc., Term Loan (1 mo. USD LIBOR + 2.00%) | 3.70% | 09/18/2026 | 358 | 359,165 | ||
Four Seasons Hotels Ltd. (Canada), First Lien Term Loan (1 mo USD LIBOR + 2.00%) | 3.70% | 11/30/2023 | 247 | 248,933 | ||
Hilton Worldwide Finance, LLC, Term Loan B-2 (1 mo. USD LIBOR + 1.75%) | 3.46% | 06/22/2026 | 1,134 | 1,140,515 | ||
Markermeer Finance B.V. (Netherlands), Term Loan B-3 (e) | — | 12/22/2024 | EUR | 415 | 458,632 | |
PCI Gaming Authority, Term Loan B (1 mo. USD LIBOR + 3.00%) | 4.70% | 05/29/2026 | 910 | 915,943 | ||
Penn National Gaming, Inc., Incremental Term Loan B-1 (1 mo. USD LIBOR + 2.25%) | 3.95% | 10/15/2025 | 930 | 934,884 | ||
Scientific Games International, Inc., Term Loan B-5 (1 mo. USD LIBOR + 2.75%) | 4.45% | 08/14/2024 | 60 | 59,431 | ||
Stars Group (US) Co-Borrower, LLC, Term Loan (3 mo. USD LIBOR + 3.50%) | 5.60% | 07/10/2025 | 4,850 | 4,876,010 | ||
Station Casinos, Inc., Term Loan B (1 mo. USD LIBOR + 2.50%) | 4.21% | 06/08/2023 | 2,536 | 2,544,926 | ||
Tackle Group S.a.r.l. (Luxembourg), Incremental Term Loan (e) | — | 08/13/2024 | EUR | 1,159 | 1,285,651 | |
Twin River Management Group, Inc., Term Loan B (1 mo. USD LIBOR + 2.75%) | 4.45% | 05/10/2026 | 752 | 752,158 | ||
VICI Properties 1 LLC, Term Loan B (1 mo. USD LIBOR + 2.00%) | 3.72% | 12/20/2024 | 367 | 368,808 | ||
Wyndham Hotels & Resorts, Inc., Term Loan B (1 mo. USD LIBOR + 1.75%) | 3.45% | 05/30/2025 | 70 | 70,494 | ||
26,174,667 | ||||||
Nonferrous Metals & Minerals–0.63% | ||||||
American Rock Salt Co. LLC, Term Loan (1 mo. USD LIBOR + 3.75%) | 5.45% | 03/21/2025 | 589 | 590,876 | ||
Covia Holdings Corp., Term Loan (3 mo. USD LIBOR + 4.00%) | 6.04% | 06/01/2025 | 1,974 | 1,403,895 | ||
Form Technologies LLC | ||||||
First Lien Term Loan B-2 (3 mo. USD LIBOR + 3.25%) | 5.35% | 01/28/2022 | 430 | 403,070 | ||
Second Lien Term Loan (3 mo. USD LIBOR + 8.50%) | 10.60% | 01/30/2023 | 15 | 14,687 | ||
U.S. Silica Co., Term Loan (1 mo. USD LIBOR + 4.00%) | 5.75% | 05/01/2025 | 709 | 608,069 | ||
US Salt, LLC, Term Loan (1 mo. USD LIBOR + 4.75%) | 6.45% | 01/16/2026 | 532 | 534,171 | ||
3,554,768 | ||||||
Oil & Gas–6.44% | ||||||
BCP Raptor, LLC, Term Loan (1 mo. USD LIBOR + 4.25%) | 5.95% | 06/24/2024 | 772 | 661,919 | ||
Blackstone CQP Holdco, Term Loan (3 mo. USD LIBOR + 3.50%) | 5.66% | 09/30/2024 | 4,978 | 4,981,642 | ||
Brazos Delaware II, LLC, Term Loan (1 mo. USD LIBOR + 4.00%) | 5.72% | 05/21/2025 | 1,196 | 968,987 | ||
California Resources Corp. | ||||||
Term Loan (1 mo. USD LIBOR + 10.38%) | 12.08% | 12/31/2021 | 1,137 | 676,273 | ||
Term Loan (1 mo. USD LIBOR + 4.75%) | 6.45% | 12/31/2022 | 1,418 | 1,203,717 | ||
Centurion Pipeline Co., LLC, Term Loan (1 mo. USD LIBOR + 3.25%) | 4.95% | 09/29/2025 | 525 | 523,295 | ||
Crestwood Holdings LLC, Term Loan (1 mo. USD LIBOR + 7.50%) | 9.27% | 03/06/2023 | 2,010 | 1,915,370 | ||
Encino Acquisition Partners Holdings, LLC, Second Lien Term Loan (1 mo. USD LIBOR + 6.75%) | 8.45% | 10/29/2025 | 1,136 | 806,674 | ||
Fieldwood Energy LLC | ||||||
First Lien Term Loan (3 mo. USD LIBOR + 5.25%) | 7.18% | 04/11/2022 | 2,418 | 1,969,775 | ||
Second Lien Term Loan (3 mo. USD LIBOR + 7.25%) | 9.18% | 04/11/2023 | 2,764 | 1,497,488 | ||
Glass Mountain Pipeline Holdings, LLC, Term Loan (1 mo. USD LIBOR + 4.50%) | 6.21% | 12/23/2024 | 1,023 | 953,442 | ||
Gulf Finance, LLC, Term Loan B (1 mo. USD LIBOR + 5.25%) | 7.16% | 08/25/2023 | 1,010 | 770,079 | ||
HGIM Corp., Term Loan (3 mo. USD LIBOR + 6.00%) | 8.03% | 07/02/2023 | 1,194 | 939,875 | ||
Lucid Energy Group II Borrower, LLC, Term Loan (1 mo. USD LIBOR + 3.00%) | 4.70% | 02/17/2025 | 926 | 803,178 | ||
McDermott Technology (Americas), Inc. | ||||||
Term Loan (d) | 12.00% | 10/21/2021 | 2,689 | 2,720,298 | ||
Term Loan (3 mo. USD LIBOR + 5.00%) | 7.10% | 05/09/2025 | 3,189 | 1,565,505 |
Interest Rate | Maturity Date | Principal Amount (000)(a) | Value | |||
Oil & Gas–(continued) | ||||||
Moda Ingleside Energy Center LLC, Term Loan (1 mo. USD LIBOR + 3.25%) | 4.95% | 09/29/2025 | $ 371 | $ 371,945 | ||
Navitas Midstream Midland Basin, LLC, Term Loan (1 mo. USD LIBOR + 4.50%) | 6.20% | 12/13/2024 | 1,417 | 1,308,936 | ||
Oryx Midstream Services LLC, Term Loan (3 mo. USD LIBOR + 4.00%) | 5.70% | 05/22/2026 | 2,015 | 1,913,549 | ||
Osum Production Corp. (Canada), Term Loan (3 mo. USD LIBOR + 9.50%) | 11.60% | 07/31/2022 | 1,774 | 1,614,165 | ||
Paragon Offshore Finance Co. (Cayman Islands), Term Loan (Acquired 07/11/2014; Cost $9,572)(i)(j) | 0.00% | 07/16/2021 | 10 | 0 | ||
Petroleum GEO-Services ASA, Term Loan (3 mo. USD LIBOR + 2.50%) | 4.60% | 03/19/2021 | 3,102 | 2,937,637 | ||
Prairie ECI Acquiror L.P., Term Loan (3 mo. USD LIBOR + 4.75%) | 6.85% | 03/11/2026 | 1,182 | 1,138,088 | ||
Seadrill Operating L.P., Term Loan (3 mo. USD LIBOR + 6.00%) | 8.10% | 02/21/2021 | 6,682 | 2,724,811 | ||
Southcross Energy Partners, L.P. | ||||||
DIP Term Loan (3 mo. Prime Rate + 5.25%)(i) | 10.00% | 12/30/2019 | 292 | 283,427 | ||
PIK Term Loan (f)(i) | 10.00% | 08/04/2021 | 760 | 473,882 | ||
Tribune Resources, Inc., Term Loan (1 mo. USD LIBOR + 6.50%) | 8.26% | 03/30/2023 | 533 | 485,002 | ||
36,208,959 | ||||||
Publishing–1.49% | ||||||
Adtalem Global Education, Inc., Term Loan B (1 mo. USD LIBOR + 3.00%) | 4.70% | 04/11/2025 | 563 | 563,592 | ||
Cengage Learning, Inc., Term Loan B (1 mo. USD LIBOR + 4.25%) | 5.95% | 06/07/2023 | 2,905 | 2,667,636 | ||
Clear Channel Worldwide Holdings, Inc., Term Loan B (1 mo. USD LIBOR + 3.50%) | 5.20% | 08/15/2026 | 3,040 | 3,052,980 | ||
Nielsen Finance LLC, Term Loan B-4 (1 mo. USD LIBOR + 2.00%) | 3.76% | 10/04/2023 | 77 | 77,285 | ||
ProQuest LLC, Term Loan B (1 mo. USD LIBOR + 3.50%) | 5.20% | 10/17/2026 | 961 | 966,804 | ||
Southern Graphics, Inc., First Lien Term Loan (2 mo. USD LIBOR + 3.25%) | 4.95% | 12/31/2022 | 1,699 | 1,061,648 | ||
8,389,945 | ||||||
Radio & Television–2.42% | ||||||
Diamond Sports Holdings, LLC., Term Loan B (1 mo. USD LIBOR + 3.25%) | 4.96% | 08/24/2026 | 1,833 | 1,831,424 | ||
Gray Television, Inc., Term Loan C (1 mo. USD LIBOR + 2.50%) | 4.28% | 01/02/2026 | 2,268 | 2,279,067 | ||
iHeartCommunications, Inc., Term Loan (1 mo. USD LIBOR + 4.00%) | 5.78% | 05/01/2026 | 1,207 | 1,215,955 | ||
Mission Broadcasting, Inc., Term Loan B-3 (1 mo. USD LIBOR + 2.25%) | 4.03% | 01/17/2024 | 113 | 113,367 | ||
Nexstar Broadcasting, Inc. | ||||||
Term Loan B-3 (1 mo. USD LIBOR + 2.25%) | 3.95% | 01/17/2024 | 569 | 570,527 | ||
Term Loan B-4 (e) | — | 09/18/2026 | 5,756 | 5,786,904 | ||
Sinclair Television Group, Inc., Term Loan B-2B (1 mo. USD LIBOR + 2.50%) | 4.27% | 09/30/2026 | 1,803 | 1,809,512 | ||
13,606,756 | ||||||
Rail Industries–0.27% | ||||||
Genesee & Wyoming, Inc., Term Loan (e) | — | 11/06/2026 | 1,540 | 1,532,438 | ||
Retailers (except Food & Drug)–1.44% | ||||||
Bass Pro Group, LLC, Term Loan (1 mo. USD LIBOR + 5.00%) | 6.70% | 09/25/2024 | 2,991 | 2,946,565 | ||
CDW LLC, Term Loan (1 mo. USD LIBOR + 1.75%) | 3.46% | 08/30/2024 | 1,119 | 1,129,785 | ||
Claire’s Stores, Inc., First Lien Term Loan (6 mo. USD LIBOR + 7.25%) (Acquired 10/12/2018; Cost $70,518) | 9.94% | 10/12/2038 | 70 | 126,932 | ||
Fullbeauty Brands Holdings Corp. | ||||||
PIK Term Loan B-2, 11.94% PIK Rate (f) | 11.94% | 02/07/2022 | 18 | 11,475 | ||
Term Loan (3 mo. USD LIBOR + 10.00%) | 12.10% | 02/07/2022 | 284 | 248,288 | ||
Payless, Inc. | ||||||
Term Loan A-1 (j) | 0.00% | 02/10/2022 | 873 | 676,636 | ||
Term Loan A-2 (Acquired 08/10/2017; Cost $2,833,771)(j) | 0.00% | 08/10/2022 | 1,639 | 245,825 | ||
Petco Animal Supplies, Inc., Term Loan (3 mo. USD LIBOR + 3.25%) | 5.18% | 01/26/2023 | 3,428 | 2,728,063 | ||
8,113,569 |
Interest Rate | Maturity Date | Principal Amount (000)(a) | Value | |||
Surface Transport–1.11% | ||||||
Commercial Barge Line Co., First Lien Term Loan (3 mo. USD LIBOR + 8.75%) | 10.68% | 11/12/2020 | $ 2,210 | $ 1,140,625 | ||
Kenan Advantage Group, Inc. (The) | ||||||
Term Loan (1 mo. USD LIBOR + 3.00%) | 4.70% | 07/29/2022 | 536 | 525,045 | ||
Term Loan (1 mo. USD LIBOR + 3.00%) | 4.70% | 07/29/2022 | 2,181 | 2,135,003 | ||
Odyssey Logistics & Technology Corp., First Lien Term Loan (1 mo. USD LIBOR + 4.00%) | 5.70% | 10/12/2024 | 11 | 10,565 | ||
U.S. Shipping Corp., Term Loan B-2 (1 mo. USD LIBOR + 4.25%) | 5.95% | 06/26/2021 | 1,663 | 1,454,686 | ||
XPO Logistics, Inc., Term Loan B-1 (1 mo. USD LIBOR + 2.50%) | 4.26% | 02/24/2025 | 954 | 959,179 | ||
6,225,103 | ||||||
Telecommunications–11.30% | ||||||
CenturyLink, Inc., Term Loan B (1 mo. USD LIBOR + 2.75%) | 4.45% | 01/31/2025 | 7,475 | 7,483,683 | ||
Colorado Buyer, Inc. | ||||||
First Lien Incremental Term Loan (1 mo. USD LIBOR + 4.00%) | 5.77% | 05/01/2024 | 4,172 | 3,515,159 | ||
Term Loan (1 mo. USD LIBOR + 3.00%) | 4.77% | 05/01/2024 | 116 | 97,473 | ||
Consolidated Communications, Inc., Term Loan (1 mo. USD LIBOR + 3.00%) | 4.71% | 10/05/2023 | 3,697 | 3,431,663 | ||
Eircom Finco S.a.r.l. (Ireland), Term Loan (1 mo. EURIBOR + 3.25%) | 3.25% | 05/15/2026 | EUR | 621 | 687,002 | |
Hargray Communications Group, Inc., Term Loan (1 mo. USD LIBOR + 3.00%) | 4.70% | 05/16/2024 | 441 | 441,224 | ||
Inmarsat Finance plc (United Kingdom), Term Loan B (e) | — | 11/15/2026 | 1,279 | 1,274,744 | ||
Intelsat Jackson Holdings S.A. (Luxembourg), Term Loan B-5 (2 mo. USD LIBOR + 6.63%) | 6.63% | 01/02/2024 | 1,783 | 1,784,695 | ||
Iridium Satellite LLC, Term Loan (1 mo. USD LIBOR + 3.75%) | 5.45% | 10/16/2026 | 1,136 | 1,148,715 | ||
Level 3 Financing, Inc., Term Loan B (1 mo. USD LIBOR + 1.75%) | 3.45% | 03/01/2027 | 11,213 | 11,223,501 | ||
Lumentum Holdings, Inc., Term Loan (1 mo. USD LIBOR + 2.50%) | 4.20% | 12/10/2025 | 306 | 308,405 | ||
Midcontinent Communications, Term Loan B (1 mo. USD LIBOR + 2.25%) | 4.01% | 08/15/2026 | 620 | 624,273 | ||
MLN US Holdco LLC | ||||||
First Term Loan B (1 mo. USD LIBOR + 4.50%) | 6.28% | 11/30/2025 | 1,231 | 1,090,562 | ||
Second Lien Term Loan (3 mo. USD LIBOR + 8.75%) | 10.53% | 11/30/2026 | 1,024 | 748,162 | ||
MM Holdphone (Spain), Term Loan B-1 (e) | — | 05/07/2026 | EUR | 267 | 294,649 | |
MTN Infrastructure TopCo., Inc., Term Loan (1 mo. USD LIBOR + 3.00%) | 4.70% | 11/15/2024 | 781 | 780,083 | ||
Odyssey Investissement S.A.S. (France), Term Loan B (3 mo. EURIBOR + 3.25%) | 3.25% | 04/25/2025 | EUR | 770 | 851,169 | |
Radiate Holdco, LLC, Term Loan (1 mo. USD LIBOR + 3.00%) | 4.70% | 02/01/2024 | 388 | 386,136 | ||
Salt Mobile S.A., Term Loan B (e) | — | 09/10/2026 | EUR | 234 | 260,264 | |
SBA Senior Finance II LLC, Term Loan (1 mo. USD LIBOR + 1.75%) | 3.46% | 04/11/2025 | 1,902 | 1,904,723 | ||
Sprint Communications, Inc. | ||||||
Incremental Term Loan (1 mo. USD LIBOR + 3.00%) | 4.75% | 02/02/2024 | 1,877 | 1,871,380 | ||
Term Loan (1 mo. USD LIBOR + 2.50%) | 4.25% | 02/02/2024 | 7,839 | 7,770,719 | ||
Syniverse Holdings, Inc., Term Loan C (1 mo. USD LIBOR + 5.00%) | 6.85% | 03/09/2023 | 1,312 | 1,167,395 | ||
Telesat LLC, Term Loan B-4 (3 mo. USD LIBOR + 2.50%) | 4.61% | 11/17/2023 | 6,125 | 6,139,557 | ||
U.S. TelePacific Corp., Term Loan (3 mo. USD LIBOR + 5.00%) | 7.10% | 05/02/2023 | 2,726 | 2,596,595 | ||
Windstream Services, LLC | ||||||
DIP Term Loan (1 mo. USD LIBOR + 2.50%)(i) | 4.21% | 02/26/2021 | 1,354 | 1,356,268 | ||
Term Loan B-6 (3 mo. Prime Rate + 5.00%)(i) | 9.75% | 03/29/2021 | 3,293 | 3,139,612 | ||
Term Loan B-7 (3 mo. Prime Rate + 4.25%)(i) | 9.00% | 02/17/2024 | 1,115 | 1,051,913 | ||
Zayo Group, LLC, Incremental Term Loan B-1 (1 mo. USD LIBOR + 2.00%) | 3.70% | 01/19/2021 | 61 | 61,334 | ||
63,491,058 | ||||||
Utilities–6.83% | ||||||
AES Corp. (The), Term Loan (3 mo. USD LIBOR + 1.75%) | 3.66% | 05/24/2022 | 4 | 4,241 | ||
AI Alpine AT BidCo GmbH, Term Loan B (1 mo. USD LIBOR + 2.75%) | 4.60% | 10/25/2025 | 11 | 10,675 | ||
Aria Energy Operating LLC, Term Loan (1 mo. USD LIBOR + 4.50%) | 6.20% | 05/27/2022 | 664 | 663,228 | ||
Brookfield WEC Holdings, Inc., First Lien Term Loan (1 mo. USD LIBOR + 3.50%) | 5.20% | 08/01/2025 | 495 | 495,436 | ||
Calpine Construction Finance Co., L.P., Term Loan (1 mo. USD LIBOR + 2.50%) | 4.20% | 01/15/2025 | 123 | 123,161 |
Interest Rate | Maturity Date | Principal Amount (000)(a) | Value | |||
Utilities–(continued) | ||||||
Calpine Corp. | ||||||
Term Loan B-10 (1 mo. USD LIBOR + 2.50%) | 4.20% | 08/12/2026 | $ 2,907 | $ 2,919,864 | ||
Term Loan B-5 (3 mo. USD LIBOR + 2.50%) | 4.61% | 01/15/2024 | 3,029 | 3,041,145 | ||
Term Loan B-9 (3 mo. USD LIBOR + 2.75%) | 4.86% | 04/05/2026 | 5,788 | 5,815,288 | ||
Eastern Power, LLC, Term Loan (1 mo. USD LIBOR + 3.75%) | 5.45% | 10/02/2023 | 2,679 | 2,684,306 | ||
Granite Acquisition, Inc. | ||||||
First Lien Term Loan B (3 mo. USD LIBOR + 3.50%) | 5.60% | 12/17/2021 | 1,907 | 1,912,731 | ||
Second Lien Term Loan B (3 mo. USD LIBOR + 7.25%) | 9.35% | 12/19/2022 | 556 | 554,829 | ||
Granite Generation LLC, Term Loan (1 mo. USD LIBOR + 3.75%) | 5.45% | 10/31/2026 | 3,179 | 3,139,246 | ||
Heritage Power, LLC, Term Loan B (3 mo. USD LIBOR + 6.00%) | 8.20% | 07/01/2026 | 1,727 | 1,677,853 | ||
Invenergy Thermal Operating I LLC, Term Loan (1 mo. USD LIBOR + 3.50%) | 5.20% | 08/28/2025 | 51 | 52,036 | ||
KAMC Holdings, Inc., First Lien Term Loan (3 mo. USD LIBOR + 4.00%) | 5.91% | 08/14/2026 | 611 | 610,699 | ||
Lightstone Holdco LLC | ||||||
Term Loan B (1 mo. USD LIBOR + 3.75%) | 5.45% | 01/30/2024 | 2,720 | 2,453,283 | ||
Term Loan C (1 mo. USD LIBOR + 3.75%) | 5.45% | 01/30/2024 | 153 | 138,369 | ||
Nautilus Power, LLC, Term Loan (1 mo. USD LIBOR + 4.25%) | 5.95% | 05/16/2024 | 1,469 | 1,438,391 | ||
Pacific Gas and Electric Co. | ||||||
Delayed Draw Term Loan (d) | 0.00% | 01/29/2020 | 649 | 652,496 | ||
DIP Term Loan (1 mo. USD LIBOR + 2.25%) (Acquired 01/29/2019; Cost $1,938,010) | 4.02% | 12/31/2020 | 1,948 | 1,957,487 | ||
PowerTeam Services, LLC, First Lien Term Loan (3 mo. USD LIBOR + 3.25%) | 5.35% | 03/06/2025 | 567 | 496,271 | ||
Revere Power, LLC | ||||||
Term Loan B (3 mo. USD LIBOR + 4.25%) | 6.35% | 03/27/2026 | 767 | 752,515 | ||
Term Loan C (3 mo. USD LIBOR + 4.25%) | 6.35% | 03/27/2026 | 94 | 92,186 | ||
Southeast PowerGen LLC, Term Loan B (1 mo. USD LIBOR + 3.50%) | 5.21% | 12/02/2021 | 332 | 307,308 | ||
Vistra Operations Co. LLC, Incremental Term Loan (1 mo. USD LIBOR + 2.00%) | 3.46% | 12/31/2025 | 6,350 | 6,377,045 | ||
38,370,089 | ||||||
Total Variable Rate Senior Loan Interests (Cost $645,171,312) | 618,426,524 | |||||
U.S. Dollar Denominated Bonds & Notes–9.52% | ||||||
Aerospace & Defense–1.05% | ||||||
TransDigm, Inc.(k) | 6.25% | 03/15/2026 | 5,492 | 5,907,327 | ||
Air Transport–0.34% | ||||||
Mesa Airlines, Inc. Class B | 5.75% | 07/15/2025 | 1,931 | 1,921,234 | ||
Automotive–0.35% | ||||||
Allison Transmission, Inc.(k) | 5.88% | 06/01/2029 | 531 | 574,049 | ||
IHO Verwaltungs GmbH (Germany)(k) | 4.75% | 09/15/2026 | 833 | 847,684 | ||
Panther BF Aggregator 2 L.P./Panther Finance Co., Inc. (Canada)(k) | 6.25% | 05/15/2026 | 500 | 531,565 | ||
1,953,298 | ||||||
Building & Development–0.15% | ||||||
American Builders & Contractors Supply Co., Inc.(k) | 4.00% | 01/15/2028 | 675 | 677,531 | ||
Beacon Roofing Supply, Inc.(k) | 4.50% | 11/15/2026 | 175 | 176,969 | ||
854,500 | ||||||
Business Equipment & Services–0.95% | ||||||
Dun & Bradstreet Corp. (The)(k) | 6.88% | 08/15/2026 | 234 | 255,499 | ||
Prime Security Services Borrower, LLC/Prime Finance, Inc.(k) | 5.25% | 04/15/2024 | 1,971 | 2,035,038 | ||
Prime Security Services Borrower, LLC/Prime Finance, Inc.(k) | 5.75% | 04/15/2026 | 2,910 | 3,045,006 | ||
5,335,543 |
Interest Rate | Maturity Date | Principal Amount (000)(a) | Value | |||
Cable & Satellite Television–1.17% | ||||||
Altice Financing S.A. (Luxembourg)(k) | 6.63% | 02/15/2023 | $ 520 | $ 532,995 | ||
Altice Financing S.A. (Luxembourg)(k) | 7.50% | 05/15/2026 | 966 | 1,029,973 | ||
Altice France S.A. (France)(k) | 5.50% | 01/15/2028 | 490 | 496,137 | ||
CSC Holdings, LLC(k) | 5.75% | 01/15/2030 | 180 | 190,125 | ||
CSC Holdings, LLC(k) | 5.50% | 05/15/2026 | 2,666 | 2,822,581 | ||
Numericable-SFR S.A. (France)(k) | 8.13% | 02/01/2027 | 832 | 923,541 | ||
Virgin Media Secured Finance PLC (United Kingdom)(k) | 5.50% | 08/15/2026 | 554 | 583,668 | ||
6,579,020 | ||||||
Containers & Glass Products–0.75% | ||||||
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc. (Ireland)(k) | 4.25% | 09/15/2022 | 504 | 511,556 | ||
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.(k) | 4.13% | 08/15/2026 | 1,082 | 1,100,258 | ||
Berry Global, Inc.(k) | 4.88% | 07/15/2026 | 779 | 816,489 | ||
Reynolds Group Issuer, Inc./LLC | 5.75% | 10/15/2020 | 576 | 577,060 | ||
Reynolds Group Issuer, Inc./LLC (3 mo. USD LIBOR + 3.50%)(k)(l) | 5.50% | 07/15/2021 | 969 | 973,603 | ||
Trivium Packaging Finance B.V. (Netherlands)(k) | 5.50% | 08/15/2026 | 235 | 247,194 | ||
4,226,160 | ||||||
Drugs–0.02% | ||||||
Catalent Pharma Solutions, Inc.(k) | 3.95% | 07/15/2027 | 103 | 107,102 | ||
Electronics & Electrical–2.11% | ||||||
CommScope, Inc.(k) | 8.25% | 03/01/2027 | 781 | 786,838 | ||
CommScope, Inc.(k) | 6.00% | 03/01/2026 | 2,555 | 2,681,155 | ||
Dell International LLC/EMC Corp.(k) | 5.45% | 06/15/2023 | 720 | 781,050 | ||
Dell International LLC/EMC Corp.(k) | 4.90% | 10/01/2026 | 2,956 | 3,216,883 | ||
Dell International LLC/EMC Corp.(k) | 5.30% | 10/01/2029 | 3,694 | 4,092,463 | ||
Riverbed Technology, Inc.(k) | 8.88% | 03/01/2023 | 664 | 305,440 | ||
11,863,829 | ||||||
Food Service–0.08% | ||||||
eG Global Finance PLC (Netherlands)(k) | 6.75% | 02/07/2025 | 436 | 431,640 | ||
Health Care–0.08% | ||||||
IQVIA, Inc.(k) | 5.00% | 05/15/2027 | 436 | 458,813 | ||
Industrial Equipment–0.56% | ||||||
F-Brasile S.p.A./F-Brasile US LLC Series XR (Italy)(k) | 7.38% | 08/15/2026 | 2,987 | 3,166,220 | ||
Lodging & Casinos–0.33% | ||||||
ESH Hospitality, Inc.(k) | 5.25% | 05/01/2025 | 755 | 781,425 | ||
ESH Hospitality, Inc.(k) | 4.63% | 10/01/2027 | 973 | 980,125 | ||
VICI Properties 1 LLC | 8.00% | 10/15/2023 | 86 | 94,174 | ||
1,855,724 | ||||||
Nonferrous Metals & Minerals–0.38% | ||||||
TiZir Ltd. (United Kingdom)(k) | 9.50% | 07/19/2022 | 2,008 | 2,118,811 | ||
Oil & Gas–0.01% | ||||||
Pacific Drilling S.A. (Luxembourg)(k) | 8.38% | 10/01/2023 | 48 | 38,759 | ||
Publishing–0.48% | ||||||
Clear Channel Worldwide Holdings, Inc.(k) | 5.13% | 08/15/2027 | 2,569 | 2,678,247 |
Interest Rate | Maturity Date | Principal Amount (000)(a) | Value | |||
Radio & Television–0.48% | ||||||
Diamond Sports Group LLC/Diamond Sports Finance Co.(k) | 5.38% | 08/15/2026 | $ 875 | $ 889,765 | ||
iHeartCommunications, Inc. | 8.38% | 05/01/2027 | 166 | 180,759 | ||
iHeartCommunications, Inc. | 6.38% | 05/01/2026 | 618 | 668,924 | ||
iHeartCommunications, Inc.(k) | 5.25% | 08/15/2027 | 427 | 439,799 | ||
Nexstar Broadcasting, Inc.(k) | 5.63% | 07/15/2027 | 491 | 518,350 | ||
2,697,597 | ||||||
Telecommunications–0.19% | ||||||
Goodman Networks, Inc. | 8.00% | 05/11/2022 | 1,870 | 1,042,300 | ||
Windstream Services, LLC/Windstream Finance Corp.(i)(k) | 9.00% | 06/30/2025 | 18 | 6,893 | ||
1,049,193 | ||||||
Utilities–0.04% | ||||||
Calpine Corp.(k) | 5.25% | 06/01/2026 | 241 | 252,436 | ||
Total U.S. Dollar Denominated Bonds & Notes (Cost $53,894,709) | 53,495,453 | |||||
Shares | ||||||
Common Stocks & Other Equity Interests–6.05%(g) | ||||||
Aerospace & Defense–0.81% | ||||||
IAP Worldwide Services, Inc.(m) | 342 | 4,552,801 | ||||
Automotive–0.06% | ||||||
ThermaSys Corp.(m) | 676,996 | 118,474 | ||||
Transtar Holding Co., Class A(m) | 2,935,894 | 205,513 | ||||
323,987 | ||||||
Building & Development–0.12% | ||||||
Five Point Holdings LLC, Class A(m) | 98,198 | 690,332 | ||||
Lake at Las Vegas Joint Venture, LLC, Class A(m) | 780 | 0 | ||||
Lake at Las Vegas Joint Venture, LLC, Class B(m) | 9 | 0 | ||||
690,332 | ||||||
Business Equipment & Services–0.08% | ||||||
Checkout Holding Corp.(m) | 6,741 | 27,527 | ||||
Crossmark Holdings, Inc., Wts. expiring 07/26/2024(m) | 4,048 | 204,442 | ||||
Crossmark Holdings, Inc., Wts. expiring 07/26/2024(m) | 744 | 418 | ||||
NexTier Oilfield Solutions, Inc.(m) | 44,006 | 210,789 | ||||
443,176 | ||||||
Conglomerates–0.05% | ||||||
Euramax International, Inc.(m) | 3,272 | 278,137 | ||||
Drugs–0.02% | ||||||
Envigo RMS Holding Corp.(m) | 18,639 | 106,615 | ||||
Financial Intermediaries–0.07% | ||||||
RJO Holdings Corp.(m) | 2,851 | 215,578 | ||||
RJO Holdings Corp., Class A(m) | 2,314 | 174,927 | ||||
RJO Holdings Corp., Class B(m) | 3,000 | 30 | ||||
390,535 | ||||||
Health Care–0.00% | ||||||
Millennium International, Ltd. | 136,135 | 15,724 |
Shares | Value | ||||
Lodging & Casinos–1.28% | |||||
Caesars Entertainment Corp.(m) | 35,315 | $ 460,507 | |||
Twin River Worldwide Holdings, Inc. | 277,073 | 6,732,874 | |||
7,193,381 | |||||
Oil & Gas–0.83% | |||||
AF Global, Inc.(m) | 498 | 27,141 | |||
Fieldwood Energy LLC(m) | 18,762 | 440,907 | |||
Fieldwood Energy LLC(m) | 5,065 | 119,027 | |||
HGIM Corp.(m) | 2,553 | 19,148 | |||
HGIM Corp., Wts. expiring 07/02/2043(m) | 11,411 | 85,582 | |||
Pacific Drilling S.A.(m) | 122,734 | 349,792 | |||
Paragon Offshore Finance Co., Class A (Cayman Islands)(i)(m) | 2,645 | 780 | |||
Paragon Offshore Finance Co., Class B (Cayman Islands)(i)(m) | 1,323 | 26,570 | |||
Samson Investment Co., Class A(m) | 84,254 | 1,853,588 | |||
Transocean Ltd.(m) | 191,873 | 955,528 | |||
Tribune Resources, Inc., Wts., expiring 04/03/2023(m) | 99,132 | 2,974 | |||
Tribune Resources, Inc.(m) | 382,888 | 784,920 | |||
4,665,957 | |||||
Publishing–1.23% | |||||
Affiliated Media, Inc., Class B(m) | 81,915 | 1,638,303 | |||
Clear Channel Outdoor Holdings, Inc.(m) | 256,763 | 636,772 | |||
Cygnus Business Media, Inc.(m)(n) | 8,426 | 0 | |||
F&W Publications, Inc.(m) | 18,385 | 0 | |||
MC Communications, LLC(m) | 739,818 | 0 | |||
Merrill Communications LLC, Class A(m) | 326,686 | 4,573,604 | |||
Tribune Publishing Co. | 4,756 | 59,545 | |||
6,908,224 | |||||
Radio & Television–0.29% | |||||
iHeartCommunications, Inc., Wts., expiring 05/01/2039(m) | 90,432 | 1,337,670 | |||
iHeartMedia, Inc., Class A(m) | 17,841 | 274,573 | |||
iHeartMedia, Inc., Class B(m) | 17 | 245 | |||
1,612,488 | |||||
Retailers (except Food & Drug)–0.10% | |||||
Claire’s Stores, Inc.(m) | 780,446 | 289,900 | |||
Fullbeauty Brands Holdings Corp.(m) | 2,311 | 177,947 | |||
Payless, Inc.(m) | 83,461 | 41,731 | |||
Toys ’R’ Us-Delaware, Inc.(m) | 17 | 79,472 | |||
Toys ’R’ Us-Delaware, Inc. TL USD(m) | 17 | 463 | |||
589,513 | |||||
Telecommunications–0.00% | |||||
Goodman Networks, Inc.(m) | 117,618 | 0 | |||
IDW Media Holdings, Inc.(m) | 1,270 | 10,160 | |||
10,160 | |||||
Utilities–1.11% | |||||
Vistra Energy Corp. | 219,648 | 5,827,261 | |||
Vistra Operations Co. LLC, Rts. expiring 12/31/2046(m) | 357,798 | 385,885 | |||
Vistra Operations Co. LLC(m) | 527,664 | 29,022 | |||
6,242,168 | |||||
Total Common Stocks & Other Equity Interests (Cost $53,848,105) | 34,023,198 |
Interest Rate | Maturity Date | Principal Amount (000)(a) | Value | |||
Non-U.S. Dollar Denominated Bonds & Notes–1.40% | ||||||
Automotive–0.12% | ||||||
Tenneco, Inc. (3 mo. EURIBOR + 4.88%)(k)(l) | 4.88% | 04/15/2024 | EUR | 641 | $ 710,668 | |
Building & Development–0.02% | ||||||
Haya Finance 2017 S.A. (Spain) (3 mo. EURIBOR + 5.13%)(k)(l) | 5.13% | 11/15/2022 | EUR | 100 | 102,708 | |
Cable & Satellite Television–0.14% | ||||||
Altice Finco S.A. (Luxembourg)(k) | 4.75% | 01/15/2028 | EUR | 542 | 596,939 | |
Altice Luxembourg S.A. (Luxembourg)(k) | 8.00% | 05/15/2027 | EUR | 151 | 184,913 | |
781,852 | ||||||
Financial Intermediaries–0.39% | ||||||
AnaCap Financial Europe S.A. SICAV-RAIF (United Kingdom) (3 mo. EURIBOR + 5.00%)(k)(l) | 5.00% | 08/01/2024 | EUR | 200 | 197,663 | |
Cabot Financial Luxembourg II S.A. (Luxembourg) (3 mo. EURIBOR + 6.38%)(k)(l) | 6.38% | 06/14/2024 | EUR | 298 | 341,108 | |
Garfunkelux Holdco 3 S.A. (Luxembourg) (3 mo. EURIBOR + 3.50%)(k)(l) | 3.50% | 09/01/2023 | EUR | 467 | 448,715 | |
Newday Bondco Plc (United Kingdom)(k) | 7.38% | 02/01/2024 | GBP | 261 | 331,664 | |
Newday Bondco Plc (United Kingdom) (3 mo. GBP LIBOR + 6.50%)(k)(l) | 7.32% | 02/01/2023 | GBP | 691 | 869,094 | |
2,188,244 | ||||||
Food Service–0.07% | ||||||
eG Global Finance PLC (Netherlands)(k) | 3.63% | 02/07/2024 | EUR | 238 | 261,906 | |
eG Global Finance PLC (Netherlands)(k) | 4.38% | 02/07/2025 | EUR | 102 | 111,681 | |
373,587 | ||||||
Health Care–0.16% | ||||||
IDH Finance Plc (United Kingdom) (3 mo. GBP LIBOR + 6.00%)(k)(l) | 6.79% | 08/15/2022 | GBP | 750 | 888,376 | |
Home Furnishings–0.36% | ||||||
Shop Direct Funding PLC (United Kingdom)(k) | 7.75% | 11/15/2022 | GBP | 1,634 | 2,010,231 | |
Lodging & Casinos–0.14% | ||||||
TVL Finance PLC (United Kingdom) (3 mo. GBP LIBOR + 5.38%)(k)(l) | 6.16% | 07/15/2025 | GBP | 628 | 813,207 | |
Total Non-U.S. Dollar Denominated Bonds & Notes (Cost $8,209,095) | 7,868,873 | |||||
Asset-Backed Securities–1.03% | ||||||
Structured Products–1.03% | ||||||
Avoca CLO XVII Series 17A, Class ER (United Kingdom) (3 mo. EURIBOR + 6.38%)(k)(l) | 6.38% | 10/15/2032 | EUR | 342 | 373,082 | |
Clontarf Park CLO Series 2017-1A, Class D (Ireland) (3 mo. EURIBOR + 5.10%)(k)(l) | 5.10% | 08/05/2030 | EUR | 136 | 140,261 | |
Diamond CLO Ltd. Series 2019-1A, Class C (Cayman Islands) (3 mo. USD LIBOR + 3.60%)(k)(l) | 5.54% | 04/25/2029 | $ 1,080 | 1,078,506 | ||
FS KKR Capital Corp. Series 2019-1A, Class A2 (3 mo. USD LIBOR + 3.00%)(k)(l) | 4.50% | 07/15/2030 | 1,150 | 1,138,906 | ||
NewStar Berkeley Fund CLO LLC Series 2016-1A, Class DR (Cayman Islands) (3 mo. USD LIBOR + 4.75%)(k)(l) | 6.69% | 10/25/2028 | 1,220 | 1,220,007 | ||
OCP Euro CLO Series 2017-2, Class E (Ireland) (3 mo. EURIBOR + 5.00%)(k)(l) | 5.00% | 01/15/2032 | EUR | 153 | 158,873 | |
Octagon Investment Partners XIX Ltd. Series 2014-1A, Class E (Cayman Islands) (3 mo. USD LIBOR + 4.85%)(k)(l) | 6.85% | 04/15/2026 | 1,741 | 1,656,980 | ||
Total Asset-Backed Securities (Cost $5,813,296) | 5,766,615 | |||||
Shares | ||||||
Preferred Stocks–0.07%(g) | ||||||
Automotive–0.02% | ||||||
ThermaSys Corp., Series A | 144,220 | 82,926 | ||||
Financial Intermediaries–0.04% | ||||||
RJO Holdings Corp., Series A-2 | 584 | 233,604 |
Shares | Value | ||||
Retailers (except Food & Drug)–0.00% | |||||
Claire’s Stores, Inc., Series A | 127 | $ 22,225 | |||
Vivarte, Class A (France) | 7,780 | 0 | |||
Vivarte, Class A Preference Shares (France) | 259 | 0 | |||
Vivarte, Class B Preference Shares (France) | 259 | 0 | |||
22,225 | |||||
Telecommunications–0.00% | |||||
Goodman Networks, Inc., Series A-1 | 139,938 | 0 | |||
Utilities–0.01% | |||||
Genie Energy Ltd., Pfd. | 7,632 | 67,696 | |||
Total Preferred Stocks (Cost $388,061) | 406,451 | ||||
TOTAL INVESTMENTS IN SECURITIES(o)–128.12% (Cost $767,324,578) | 719,987,114 | ||||
BORROWINGS–(20.46)% | (115,000,000) | ||||
OTHER ASSETS LESS LIABILITIES–(7.66)% | (43,007,616) | ||||
NET ASSETS–100.00% | $561,979,498 |
CLO | – Collateralized Loan Obligation |
DIP | – Debtor-in-Possession |
EUR | – Euro |
EURIBOR | – Euro Interbank Offered Rate |
GBP | – British Pound Sterling |
LIBOR | – London Interbank Offered Rate |
Pfd. | – Preferred |
PIK | – Pay-in-Kind |
Rts. | – Rights |
USD | – U.S. Dollar |
Wts. | – Warrants |
(a) | Foreign denominated security. Principal amount is denominated in the currency indicated. |
(b) | Variable rate senior loan interests often require prepayments from excess cash flow or permit the borrower to repay at its election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with any accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, it is anticipated that the variable rate senior loan interests will have an expected average life of three to five years. |
(c) | Variable rate senior loan interests are, at present, not readily marketable, not registered under the Securities Act of 1933, as amended (the "1933 Act") and may be subject to contractual and legal restrictions on sale. Variable rate senior loan interests in the Fund’s portfolio generally have variable rates which adjust to a base, such as the London Interbank Offered Rate (“LIBOR”), on set dates, typically every 30 days, but not greater than one year, and/or have interest rates that float at margin above a widely recognized base lending rate such as the Prime Rate of a designated U.S. bank. |
(d) | All or a portion of this holding is subject to unfunded loan commitments. The stated interest rate reflects the weighted average of the reference rate and spread for the funded portion, if any, and the commitment fees on the portion of the loan that is unfunded. |
(e) | This variable rate interest will settle after November 30, 2019, at which time the interest rate will be determined. |
(f) | All or a portion of this security is Pay-in-Kind. Pay-in-Kind securities pay interest income in the form of securities. |
(g) | Acquired as part of a bankruptcy restructuring |
(h) | Security valued using significant unobservable inputs (Level 3). See Note 1. |
(i) | The borrower has filed for protection in federal bankruptcy court. |
(j) | Defaulted security. Currently, the issuer is in default with respect to principal and/or interest payments. The aggregate value of these securities at November 30, 2019 was $922,461, which represented less than 1% of the Fund’s Net Assets. |
(k) | Security purchased or received in a transaction exempt from registration under the 1933 Act. The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at November 30, 2019 was $62,646,490, which represented 11.15% of the Fund’s Net Assets. |
(l) | Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on November 30, 2019. |
(m) | Non-income producing security. |
(n) | Affiliated company during the period. The Investment Company Act of 1940 defines an “affiliated person” as an issuance in which a fund holds 5% or more of the outstanding voting securities. The Fund has not owned enough of the outstanding voting securities of the issuer to have control (as defined in the Investment Company Act of 1940) of that issuer. The value of this security as of November 30, 2019 represented less than 1% of the Fund’s Net Assets. |
Value 02/28/19 | Purchases at Cost | Proceeds from Sales | Change in Unrealized Appreciation (Depreciation) | Realized Gain | Value 11/30/19 | Dividend Income | |
Cygnus Business Media, Inc., Common Shares | $0 | $– | $– | $– | $– | $0 | $– |
(o) | Calculated as a percentage of net assets. Amounts in excess of 100% are due to the Fund’s use of leverage. |
Open Forward Foreign Currency Contracts | ||||||
Settlement Date | Counterparty | Contract to | Unrealized Appreciation (Depreciation) | |||
Deliver | Receive | |||||
Currency Risk | ||||||
12/16/2019 | Barclays Bank PLC | EUR | 6,975,161 | USD | 7,721,717 | $29,257 |
12/16/2019 | Barclays Bank PLC | USD | 2,675,443 | GBP | 2,083,613 | 20,632 |
12/16/2019 | Canadian Imperial Bank of Commerce | USD | 2,750,778 | GBP | 2,141,582 | 20,303 |
12/16/2019 | Citibank, N.A. | EUR | 6,975,161 | USD | 7,732,014 | 39,554 |
12/16/2019 | Citibank, N.A. | USD | 7,688,982 | EUR | 6,975,159 | 3,476 |
12/16/2019 | Citibank, N.A. | USD | 2,750,331 | GBP | 2,141,581 | 20,751 |
12/16/2019 | J.P. Morgan Chase Bank, N.A. | CHF | 380,198 | USD | 382,575 | 1,866 |
12/16/2019 | J.P. Morgan Chase Bank, N.A. | EUR | 6,975,160 | USD | 7,718,964 | 26,504 |
12/16/2019 | J.P. Morgan Chase Bank, N.A. | USD | 7,670,583 | EUR | 6,975,159 | 21,876 |
01/15/2020 | J.P. Morgan Chase Bank, N.A. | EUR | 3,719,616 | USD | 4,124,723 | 13,056 |
01/15/2020 | Morgan Stanley Capital Services LLC | USD | 1,991,776 | GBP | 1,547,782 | 13,510 |
12/16/2019 | Royal Bank of Canada | EUR | 6,975,173 | USD | 7,718,504 | 26,029 |
12/16/2019 | Royal Bank of Canada | USD | 7,684,672 | EUR | 6,975,159 | 7,786 |
01/15/2020 | Royal Bank of Canada | CHF | 380,917 | USD | 386,770 | 4,311 |
01/15/2020 | Royal Bank of Canada | EUR | 4,568,128 | USD | 5,050,463 | 851 |
01/15/2020 | State Street Bank & Trust Co. | EUR | 241,064 | USD | 267,833 | 1,361 |
01/15/2020 | Toronto Dominion Bank | EUR | 6,936,061 | USD | 7,669,508 | 2,379 |
Subtotal—Appreciation | 253,502 | |||||
Currency Risk | ||||||
12/16/2019 | Bank of America Merrill Lynch | GBP | 2,082,374 | USD | 2,656,589 | (37,882) |
12/16/2019 | Barclays Bank PLC | GBP | 42,029 | USD | 53,635 | (748) |
01/15/2020 | Barclays Bank PLC | GBP | 2,139,807 | USD | 2,751,150 | (21,156) |
01/15/2020 | Canadian Imperial Bank of Commerce | GBP | 2,139,815 | USD | 2,752,062 | (20,254) |
01/15/2020 | Citibank, N.A. | EUR | 6,936,042 | USD | 7,664,675 | (2,433) |
01/15/2020 | Citibank, N.A. | GBP | 2,139,815 | USD | 2,751,617 | (20,699) |
01/15/2020 | Citibank, N.A. | USD | 9,050,713 | EUR | 8,150,548 | (41,090) |
12/16/2019 | Deutsche Bank AG | GBP | 78,947 | USD | 101,598 | (554) |
12/16/2019 | J.P. Morgan Chase Bank, N.A. | GBP | 2,081,713 | USD | 2,653,916 | (39,700) |
01/15/2020 | J.P. Morgan Chase Bank, N.A. | EUR | 6,936,042 | USD | 7,646,050 | (21,058) |
12/16/2019 | Royal Bank of Canada | GBP | 2,081,713 | USD | 2,654,954 | (38,661) |
12/16/2019 | Royal Bank of Canada | USD | 384,949 | CHF | 380,198 | (4,240) |
01/15/2020 | Royal Bank of Canada | EUR | 6,936,042 | USD | 7,660,088 | (7,019) |
12/16/2019 | Toronto Dominion Bank | USD | 7,693,830 | EUR | 6,975,178 | (1,351) |
Subtotal—Depreciation | (256,845) | |||||
Total Forward Foreign Currency Contracts | $(3,343) |
Abbreviations: | |
CHF | – Swiss Franc |
EUR | – Euro |
GBP | – British Pound Sterling |
USD | – U.S. Dollar |
Level 1 | Level 2 | Level 3 | Total | |
Investments in Securities | ||||
Variable Rate Senior Loan Interests | $— | $571,777,939 | $46,648,585 | $618,426,524 |
U.S. Dollar Denominated Bonds & Notes | — | 53,495,453 | — | 53,495,453 |
Common Stocks & Other Equity Interests | 16,208,133 | 10,549,524 | 7,265,541 | 34,023,198 |
Non-U.S. Dollar Denominated Bonds & Notes | — | 7,868,873 | — | 7,868,873 |
Asset-Backed Securities | — | 5,766,615 | — | 5,766,615 |
Preferred Stocks | 67,696 | 82,926 | 255,829 | 406,451 |
Investments Matured | — | 448,178 | 642,107 | 1,090,285 |
Total Investments in Securities | 16,275,829 | 649,989,508 | 54,812,062 | 721,077,399 |
Other Investments - Assets* | ||||
Forward Foreign Currency Contracts | — | 253,502 | — | 253,502 |
Other Investments - Liabilities | ||||
Forward Foreign Currency Contracts* | — | (256,845) | — | (256,845) |
Total Other Investments | — | (3,343) | — | (3,343) |
Total Investments | $16,275,829 | $649,986,165 | $54,812,062 | $721,074,056 |
* | Unrealized appreciation (depreciation). |
Value 02/28/19 | Purchases at Cost | Proceeds from Sales | Accrued Discounts/ Premiums | Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Transfers into Level 3 | Transfers out of Level 3 | Value 11/30/2019 | |
Variable Rate Senior Loan Interests | $46,636,668 | $19,497,733 | $(22,351,733) | $98,123 | $203,477 | $(1,006,789) | $12,464,674 | $(8,893,568) | $46,648,585 |
Common Stocks & Other Equity Interests | 6,395,434 | 904,133 | (58,204) | – | 30,848 | (1,171,323) | 1,680,032 | (515,379) | 7,265,541 |
Preferred Stocks | 226,891 | – | – | – | – | 89,640 | 22,225 | (82,927) | 255,829 |
Investments Matured | 413,292 | – | (83,409) | – | – | 294,904 | 17,320 | – | 642,107 |
Total | $53,672,285 | $20,401,866 | $(22,493,346) | $98,123 | $234,325 | $(1,793,568) | $14,184,251 | $(9,491,874) | $54,812,062 |