|
|
|
|
|
|
|
Shares/$ Par
|
|
|
|
|
Value
|
|
|
|
Communication — 0.3%
|
|
|
|
|
|
|
Qwest Corporation:
|
|
|
|
|
19,728
|
|
6.50% 09/01/56
|
$246,600
|
|
24,920
|
|
6.75% 06/15/57
|
331,436
|
|
|
|
|
|
|
578,036
|
|
|
|
Total Corporate Debt Securities (Cost $4,501,856)
|
4,218,831
|
|
|
|
|
|
|
|
|
Money Market Fund — 2.1%
|
|
|
|
|
|
|
BlackRock Liquidity Funds:
|
|
|
|
|
4,073,354
|
|
T-Fund, Institutional Class
|
4,073,354
|
|
|
|
|
|
|
|
|
Total Money Market Fund (Cost $4,073,354)
|
4,073,354
|
|
|
|
|
|
|
|
|
Total
Investments (Cost $211,977,828***)
|
99.0
|
%
|
195,007,423
|
|
Other Assets and Liabilities, excluding Loan Payable (net)
|
1.0
|
%
|
2,028,241
|
|
Total Managed Assets
|
100.0
|
%‡
|
$197,035,664
|
|
Loan Principal Balance
|
(80,600,000
|
)
|
Net Assets Available To Common Stock
|
$116,435,664
|
|
§Date shown is maturity date unless referencing the end of the fixed-rate period of a fixed-to-floating rate security.
*Securities eligible for the Dividends Received Deduction and distributing Qualified Dividend Income.
**Securities distributing Qualified Dividend Income only.
***Aggregate cost of securities held.
****Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration to qualified institutional buyers. At August 31, 2023, these securities amounted to $43,368,007 or 22.0% of total managed assets.
(1)Perpetual security with no stated maturity date.
(2)All or a portion of this security is pledged as collateral for the Fund’s loan. The total value of such securities was $172,446,905 at August 31, 2023.
(3)All or a portion of this security has been rehypothecated. The total value of such securities was $66,367,985 at August 31, 2023.
(4)Represents the rate in effect as of the reporting date.
(5)Foreign Issuer.
†A Contingent Capital Security is a hybrid security with contractual loss-absorption characteristics.
‡The percentage shown for each investment category is the total value of that category as a percentage of total managed assets.
ABBREVIATIONS:
3ML—3-Month ICE LIBOR USD A/360
ISDA5—5-year USD ICE Swap Semiannual 30/360
SW5—5-year USD Swap Semiannual 30/360
SW10—10-year USD Swap Semiannual 30/360
T5Y—Federal Reserve H.15 5-Yr Constant Maturity Treasury Semiannual yield
T7Y—Federal Reserve H.15 7-Yr Constant Maturity Treasury Semiannual yield
T10Y—Federal Reserve H.15 10-Yr Constant Maturity Treasury Semiannual yield
TSFR3M—CME Term SOFR 3-Month
The administrator of U.S. dollar LIBOR, ICE, ceased publication of daily U.S. dollar LIBOR panels after June 30, 2023. For securities where (i) issuers have announced replacement reference rates or (ii) the Adjustable Interest Rate (LIBOR) Act of 2022 was determined by the Adviser to apply, the new reference rate (usually Term SOFR) has been listed as the benchmark. The spread over that benchmark includes any tenor spread adjustment applicable upon benchmark transition. For all other securities, the original reference rate and spread continue to be listed.