|
INTEGRITY DIVIDEND HARVEST FUND |
||||
|
Schedule of Investments April 29, 2022 (unaudited) |
||||
|
Shares |
|
Fair Value |
||
|
COMMON STOCKS (98.4%) |
||||
|
Communication Services (7.5%) |
||||
|
AT&T Inc |
80,000 |
$ |
1,508,800 |
|
|
BCE Inc |
100,000 |
5,317,000 |
||
|
Verizon Communications Inc |
200,000 |
9,260,000 |
||
|
|
16,085,800 |
|||
|
Consumer Discretionary (3.1%) |
||||
|
Genuine Parts Co |
16,500 |
2,145,825 |
||
|
Home Depot Inc/The |
5,000 |
1,502,000 |
||
|
McDonald's Corp |
6,500 |
1,619,540 |
||
|
Whirlpool Corp |
8,000 |
1,452,160 |
||
|
|
6,719,525 |
|||
|
Consumer Staples (16.0%) |
||||
|
British American Tobacco PLC |
60,000 |
2,506,800 |
||
|
Altria Group Inc |
144,000 |
8,002,080 |
||
|
Coca Cola Co/The |
114,000 |
7,365,540 |
||
|
Kimberly Clark Corp |
40,000 |
5,553,200 |
||
|
PepsiCo Inc |
16,000 |
2,747,360 |
||
|
Philip Morris International Inc |
62,000 |
6,200,000 |
||
|
Procter & Gamble Co/The |
12,000 |
1,926,600 |
||
|
|
34,301,580 |
|||
|
Energy (10.9%) |
||||
|
Coterra Enegy Inc |
100,000 |
2,879,000 |
||
|
Chevron Corp |
13,000 |
2,036,710 |
||
|
Devon Energy Corp |
72,000 |
4,188,240 |
||
|
Enbridge Inc |
85,000 |
3,709,400 |
||
|
Exxon Mobil Corp |
56,000 |
4,774,000 |
||
|
Pioneer Natural Resources Co |
15,000 |
3,487,050 |
||
|
TC Energy Corp |
44,000 |
2,327,600 |
||
|
|
23,402,000 |
|||
|
Financials (15.1%) |
||||
|
Allstate Corp/The |
16,000 |
2,024,640 |
||
|
BlackRock Inc |
6,000 |
3,748,080 |
||
|
CME Group Inc |
10,000 |
2,193,400 |
||
|
JPMorgan Chase & Co |
58,000 |
6,922,880 |
||
|
Morgan Stanley |
48,000 |
3,868,320 |
||
|
Old Republic International Corp |
170,000 |
3,741,700 |
||
|
Prudential Financial Inc |
26,000 |
2,821,260 |
||
|
Truist Financial Corp |
55,000 |
2,659,250 |
||
|
US Bancorp |
90,000 |
4,370,400 |
||
|
|
32,349,930 |
|||
|
Health Care (16.2%) |
||||
|
AbbVie Inc |
106,000 |
15,569,280 |
||
|
Johnson & Johnson |
34,000 |
6,135,640 |
||
|
Merck & Co Inc |
72,000 |
6,385,680 |
||
|
Pfizer Inc |
138,000 |
6,771,660 |
||
|
|
34,862,260 |
|||
|
Industrials (2.6%) |
||||
|
Caterpillar Inc |
8,000 |
1,684,320 |
||
|
Illinois Tool Works Inc |
7,000 |
1,379,770 |
||
|
Lockheed Martin Corp |
5,700 |
2,463,084 |
||
|
|
5,527,174 |
|||
|
Information Technology (13.0%) |
||||
|
Broadcom Inc |
26,000 |
14,414,140 |
||
|
Cisco Systems Inc |
52,000 |
2,546,960 |
||
|
Intel Corp |
55,000 |
2,397,450 |
||
|
International Business Machines Corp |
19,000 |
2,511,990 |
||
|
Qualcomm Inc |
17,000 |
2,374,730 |
||
|
Texas Instruments Inc |
22,000 |
3,745,500 |
||
|
|
27,990,770 |
|||
|
Materials (2.8%) |
|
|
||
|
Air Products & Chemicals Inc |
10,000 |
2,340,700 |
||
|
LyondellBasell Industries NV |
35,000 |
|
3,711,050 |
|
|
|
6,051,750 |
|||
|
Utilities (11.2%) |
||||
|
AES Corp/The |
130,000 |
2,654,600 |
||
|
American Electric Power Co Inc |
60,500 |
5,996,155 |
||
|
Dominion Resources Inc/VA |
36,000 |
2,939,040 |
||
|
Duke Energy Corp |
20,000 |
2,203,200 |
||
|
Entergy Corp |
30,000 |
3,565,500 |
||
|
NextEra Energy Inc |
66,000 |
4,687,320 |
||
|
Southern Co/The |
26,000 |
1,908,140 |
||
|
|
23,953,955 |
|||
|
TOTAL COMMON STOCKS (COST: $176,343,962) |
$ |
211,244,744 |
||
|
OTHER ASSETS LESS LIABILITIES (1.6%) |
$ |
3,479,765 |
||
|
NET ASSETS (100.0%) |
$ |
214,724,509 |
||
|
PLC - Public Limited Company
|
||||
|
INTEGRITY ESG GROWTH & INCOME FUND |
||||
|
Schedule of Investments April 29, 2022 (unaudited) |
||||
|
Shares |
|
Fair Value |
||
|
COMMON STOCKS (90.2%) |
||||
|
Communication Services (6.7%) |
||||
|
AT&T Inc |
65,000 |
$ |
1,225,900 |
|
|
Walt Disney Co/The |
22,000 |
2,455,860 |
||
|
Verizon Communications Inc |
40,000 |
1,852,000 |
||
|
|
5,533,760 |
|||
|
Consumer Discretionary (11.3%) |
||||
|
Best Buy Co Inc |
10,000 |
899,300 |
||
|
Home Depot Inc/The |
6,000 |
1,802,400 |
||
|
Lowe's Cos Inc |
10,000 |
1,977,300 |
||
|
Starbucks Corp |
26,000 |
1,940,640 |
||
|
Target Corp |
12,000 |
2,743,800 |
||
|
|
9,363,440 |
|||
|
Consumer Staples (4.6%) |
||||
|
Kimberly Clark Corp |
14,000 |
1,943,620 |
||
|
PepsiCo Inc |
11,000 |
1,888,810 |
||
|
|
3,832,430 |
|||
|
Financials (8.7%) |
||||
|
Bank of America Corp |
30,000 |
1,070,400 |
||
|
BlackRock Inc |
3,000 |
1,874,040 |
||
|
JPMorgan Chase & Co |
12,000 |
1,432,320 |
||
|
PNC Financial Services Group Inc/The |
6,000 |
996,600 |
||
|
S&P Global Inc |
5,000 |
1,882,500 |
||
|
|
7,255,860 |
|||
|
Health Care (8.3%) |
||||
|
*Edwards Lifesciences Corp |
20,000 |
2,115,600 |
||
|
Thermo Fisher Scientific Inc |
5,000 |
2,764,600 |
||
|
UnitedHealth Group Inc |
4,000 |
2,034,200 |
||
|
|
6,914,400 |
|||
|
Industrials (10.2%) |
||||
|
Caterpillar Inc |
5,500 |
1,157,970 |
||
|
Deere & Co |
6,000 |
2,265,300 |
||
|
FedEx Corp |
7,000 |
1,391,180 |
||
|
Waste Management Inc |
13,000 |
2,137,720 |
||
|
Trane Technologies plc |
11,000 |
1,538,790 |
||
|
|
8,490,960 |
|||
|
Information Technology (36.7%) |
||||
|
*Advanced Micro Devices Inc |
17,000 |
1,453,840 |
||
|
Apple Inc |
20,000 |
3,153,000 |
||
|
Cisco Systems Inc |
35,000 |
1,714,300 |
||
|
HP Inc |
38,000 |
1,391,940 |
||
|
Intel Corp |
50,000 |
2,179,500 |
||
|
Intuit Inc |
5,000 |
2,093,750 |
||
|
KLA Tencor Corp |
6,000 |
1,915,560 |
||
|
Lam Research Corp |
4,000 |
1,863,040 |
||
|
Mastercard Inc |
7,000 |
2,543,660 |
||
|
Microsoft Corp |
6,000 |
1,665,120 |
||
|
NVIDIA Corp |
16,000 |
2,967,520 |
||
|
QUALCOMM Inc |
20,000 |
2,793,800 |
||
|
salesforce.com Inc |
9,000 |
1,583,460 |
||
|
Visa Inc |
15,000 |
3,196,950 |
||
|
|
30,515,440 |
|||
|
Materials (2.5%) |
||||
|
Air Products & Chemicals Inc |
9,000 |
2,106,630 |
||
|
|
|
|||
|
Utilities (1.2%) |
||||
|
Exelon Corp |
21,000 |
982,380 |
||
|
|
982,380 |
|||
|
TOTAL COMMON STOCKS (COST: $51,918,269) |
$ |
74,995,300 |
||
|
OTHER ASSETS AND LIABILITIES (9.8%) |
$ |
8,105,381 |
||
|
NET ASSETS (100.0%) |
$ |
83,100,681 |
||
|
* Non-income producing |
||||
|
PLC - Public Limited Company
|
||||
|
INTEGRITY HIGH INCOME FUND |
||||
|
Schedule of Investments April 29, 2022 (unaudited) |
||||
|
Shares |
|
Fair Value |
||
|
CORPORATE BONDS (93.2%) |
||||
|
Communication Services (14.5%) |
||||
|
Altice France SA/France - 144A 8.125% 02/01/2027 Callable @ 104.063 08/01/2022 |
$ |
400,000 |
$ |
403,000 |
|
*(1)AMC Entertainment Holdings Inc - 144A 10.000% 06/15/2026 Callable @ 106.000 06/15/2023 |
27,692 |
23,194 |
||
|
Arches Buyer Inc - 144A 4.250% 06/01/2028 Callable @ 102.125 12/01/2023 |
65,000 |
57,769 |
||
|
Arches Buyer Inc - 144A 6.125% 12/01/2028 Callable @ 103.063 12/01/2023 |
17,000 |
14,790 |
||
|
Centerfield Media Parent Inc - 144A 6.625% 08/01/2026 Callable @ 103.313 08/01/2023 |
55,000 |
50,820 |
||
|
CenturyLink Inc - 144A 4.000% 02/15/2027 Callable @ 102.000 02/15/2023 |
300,000 |
266,787 |
||
|
Cinemark USA Inc - 144A 5.250% 07/15/2028 Callable @ 102.625 07/15/2024 |
45,000 |
39,985 |
||
|
Cinemark USA Inc - 144A 8.750% 05/01/2025 Callable @ 104.375 05/01/2022 |
18,000 |
18,698 |
||
|
CSC Holdings LLC - 144A 5.375% 02/01/2028 Callable @ 102.688 02/01/2023 |
200,000 |
183,627 |
||
|
CSC Holdings LLC - 144A 6.500% 02/01/2029 Callable @ 103.250 02/01/2024 |
400,000 |
380,000 |
||
|
Diamond Sports Group LLC / Diamond Sports Finance Co - 144A 5.375% 08/15/2026 Callable @ 102.688 08/15/2022 |
45,000 |
16,425 |
||
|
DIRECTV Holdings LLC / DIRECTV Financing Co Inc - 144A 5.875% 08/15/2027 Callable @ 104.406 08/15/2023 |
232,000 |
218,370 |
||
|
DISH Network Corp 3.375% 08/15/2026 |
73,000 |
62,598 |
||
|
Entercom Media Corp - 144A 6.500% 05/01/2027 Callable @ 104.875 05/01/2022 |
35,000 |
30,100 |
||
|
FRONTIER COMM HLDGS LLC 5.870% 11/01/2029 Callable @ 102.938 11/01/2024 |
14,737 |
12,794 |
||
|
Frontier Communications Corp - 144A 5.000% 05/01/2028 Callable @ 102.500 05/01/2024 |
168,000 |
153,308 |
||
|
Frontier Communications Corp - 144A 5.875% 10/15/2027 Callable @ 102.938 10/15/2023 |
47,000 |
45,003 |
||
|
Frontier Communications Corp - 144A 6.750% 05/01/2029 Callable @ 103.375 05/01/2024 |
9,000 |
8,110 |
||
|
Frontier Communications Corp - 144A 8.500% 04/01/2026 Callable @ 102.125 04/01/2023 |
- |
0 |
||
|
Frontier Communications Holdings LLC - 144A 6.000% 01/15/2030 Callable @ 103.000 10/15/2024 |
27,000 |
23,476 |
||
|
Gannett Holdings LLC - 144A 6.000% 11/01/2026 Callable @ 103.000 11/01/2023 |
32,000 |
29,120 |
||
|
Gray Escrow II Inc - 144A 5.375% 11/15/2031 Callable @ 102.688 11/15/2026 |
64,000 |
55,165 |
||
|
Gray Escrow Inc - 144A 7.000% 05/15/2027 Callable @ 105.250 05/15/2022 |
67,000 |
69,261 |
||
|
Gray Television Inc - 144A 4.750% 10/15/2030 Callable @ 102.375 10/15/2025 |
113,000 |
97,666 |
||
|
iHeartCommunications Inc - 144A 4.750% 01/15/2028 Callable @ 102.375 01/15/2023 |
55,000 |
49,844 |
||
|
iHeartCommunications Inc - 144A 5.250% 08/15/2027 Callable @ 102.625 08/15/2022 |
185,000 |
172,975 |
||
|
iHeartCommunications Inc 6.375% 05/01/2026 Callable @ 103.188 05/01/2022 |
57,976 |
58,483 |
||
|
iHeartCommunications Inc 8.375% 05/01/2027 Callable @ 104.188 05/01/2022 |
154,489 |
152,944 |
||
|
+^(3)INTELSAT EMERGENCE SA ESCROW .000% 07/15/2025 |
90,000 |
9 |
||
|
+^(3)INTELSAT EMERGENCE SA ESCROW .000% 08/01/2023 |
146,000 |
15 |
||
|
+^(3)INTELSAT EMERGENCE SA ESCROW .000% 10/15/2024 |
172,000 |
17 |
||
|
(4)Intelsat SA - 144A 6.500% 03/15/2030 Callable @ 100.000 03/15/2025 |
275,000 |
258,104 |
||
|
Level 3 Financing Inc - 144A 3.625% 01/15/2029 Callable @ 101.813 01/15/2024 |
39,000 |
31,676 |
||
|
Level 3 Financing Inc - 144A 4.625% 09/15/2027 Callable @ 102.313 09/15/2022 |
135,000 |
121,331 |
||
|
Level 3 Financing Inc 5.375% 05/01/2025 Callable @ 100.896 05/01/2022 |
55,000 |
54,522 |
||
|
Live Nation Entertainment Inc - 144A 3.750% 01/15/2028 Callable @ 102.813 01/15/2024 |
37,000 |
33,485 |
||
|
Live Nation Entertainment Inc - 144A 4.750% 10/15/2027 Callable @ 103.563 10/15/2022 |
160,000 |
150,320 |
||
|
Live Nation Entertainment Inc - 144A 4.875% 11/01/2024 Callable @ 100.000 11/01/2022 |
186,000 |
183,675 |
||
|
Live Nation Entertainment Inc - 144A 5.625% 03/15/2026 Callable @ 101.406 03/15/2023 |
70,000 |
69,125 |
||
|
Live Nation Entertainment Inc - 144A 6.500% 05/15/2027 Callable @ 104.875 05/15/2023 |
258,000 |
265,740 |
||
|
Lumen Tech Inc - 144A 5.125% 12/15/2026 Callable @ 102.563 12/15/2022 |
150,000 |
135,000 |
||
|
Lumen Tech Inc 4.500% 01/15/2029 Callable @ 102.250 01/15/2024 |
40,000 |
31,600 |
||
|
Lumen Tech Inc 5.625% 04/01/2025 Callable @ 100.000 01/01/2025 |
22,000 |
21,450 |
||
|
Lumen Tech Inc 7.500% 04/01/2024 Callable @ 100.000 01/01/2024 |
113,000 |
116,051 |
||
|
Lumen Technologies Inc - 144A 5.375% 06/15/2029 Callable @ 102.688 06/15/2024 |
65,000 |
53,007 |
||
|
Mav Acquisition Corp - 144A 5.750% 08/01/2028 Callable @ 102.875 08/01/2024 |
70,000 |
62,475 |
||
|
Midas OpCo Holdings LLC - 144A 5.625% 08/15/2029 Callable @ 102.813 08/15/2024 |
88,000 |
77,700 |
||
|
Midcontinent Communications / Midcontinent Finance Corp - 144A 5.375% 08/15/2027 Callable @ 102.688 08/15/2022 |
60,000 |
58,650 |
||
|
National CineMedia LLC - 144A 5.875% 04/15/2028 Callable @ 102.938 04/15/2023 |
25,000 |
21,496 |
||
|
Netflix Inc - 144A 5.375% 11/15/2029 |
40,000 |
40,040 |
||
|
Netflix Inc 4.875% 04/15/2028 |
115,000 |
112,578 |
||
|
Netflix Inc 5.875% 11/15/2028 |
56,000 |
57,680 |
||
|
News Corp - 144A 3.875% 05/15/2029 Callable @ 100.000 05/15/2024 |
82,000 |
74,146 |
||
|
News Corp - 144A 5.125% 02/15/2032 Callable @ 102.563 02/15/2027 |
40,000 |
38,200 |
||
|
Nexstar Broadcasting Inc - 144A 4.750% 11/01/2028 Callable @ 102.375 11/01/2023 |
126,000 |
114,345 |
||
|
Nexstar Escrow Inc - 144A 5.625% 07/15/2027 Callable @ 104.219 07/15/2022 |
314,000 |
305,563 |
||
|
SBA Communications Corp 3.125% 02/01/2029 Callable @ 101.563 02/01/2024 |
53,000 |
45,463 |
||
|
Scripps Escrow II Inc - 144A 3.875% 01/15/2029 Callable @ 101.938 01/15/2024 |
41,000 |
36,445 |
||
|
Scripps Escrow II Inc - 144A 5.375% 01/15/2031 Callable @ 102.688 01/15/2026 |
15,000 |
13,352 |
||
|
Scripps Escrow Inc - 144A 5.875% 07/15/2027 Callable @ 104.406 07/15/2022 |
20,000 |
19,100 |
||
|
Sinclair Television Group Inc - 144A 4.125% 12/01/2030 Callable @ 102.063 12/01/2025 |
125,000 |
103,681 |
||
|
Sirius XM Radio Inc - 144A 3.875% 09/01/2031 Callable @ 101.938 09/01/2026 |
60,000 |
50,671 |
||
|
Sirius XM Radio Inc - 144A 4.000% 07/15/2028 Callable @ 102.000 07/15/2024 |
176,000 |
159,060 |
||
|
Sirius XM Radio Inc - 144A 4.125% 07/01/2030 Callable @ 102.063 07/01/2025 |
55,000 |
48,295 |
||
|
Sirius XM Radio Inc - 144A 5.500% 07/01/2029 Callable @ 102.750 07/01/2024 |
169,000 |
162,521 |
||
|
Sprint Capital Corp 6.875% 11/15/2028 |
175,000 |
192,063 |
||
|
*Sprint Capital Corp 8.750% 03/15/2032 |
316,000 |
401,581 |
||
|
Sprint Corp 7.125% 06/15/2024 |
30,000 |
31,575 |
||
|
*Sprint Corp 7.625% 02/15/2025 Callable @ 100.000 11/15/2024 |
324,000 |
344,655 |
||
|
Sprint Corp 7.625% 03/01/2026 Callable @ 100.000 11/01/2025 |
190,000 |
206,374 |
||
|
Sprint Corp 7.875% 09/15/2023 |
186,000 |
194,138 |
||
|
*T Mobile USA Inc 4.750% 02/01/2028 Callable @ 102.375 02/01/2023 |
310,000 |
305,860 |
||
|
Telecom Italia Capital SA 6.000% 09/30/2034 |
100,000 |
87,346 |
||
|
Telecom Italia Capital SA 6.375% 11/15/2033 |
12,000 |
10,485 |
||
|
TripAdvisor Inc - 144A 7.000% 07/15/2025 Callable @ 103.500 07/15/2022 |
4,000 |
4,100 |
||
|
United States Cellular Corp 6.700% 12/15/2033 |
105,000 |
108,463 |
||
|
Univision Communications Inc - 144A 4.500% 05/01/2029 Callable @ 102.250 05/01/2024 |
100,000 |
89,750 |
||
|
Univision Communications Inc - 144A 6.625% 06/01/2027 Callable @ 103.313 06/01/2023 |
5,000 |
5,013 |
||
|
Zayo Group Holdings Inc - 144A 4.000% 03/01/2027 |
104,000 |
90,480 |
||
|
$ |
7,892,777 |
|||
|
Consumer Discretionary (23.2%) |
||||
|
1011778 BC ULC / New Red Finance Inc - 144A 3.500% 02/15/2029 Callable @ 101.750 02/15/2024 |
17,000 |
15,012 |
||
|
1011778 BC ULC / New Red Finance Inc - 144A 3.875% 01/15/2028 Callable @ 101.938 09/15/2022 |
68,000 |
62,560 |
||
|
1011778 BC ULC / New Red Finance Inc - 144A 4.000% 10/15/2030 Callable @ 102.000 10/15/2025 |
135,000 |
115,385 |
||
|
Allied Universal Holdco LLC / Allied Universal Finance Corp - 144A 6.625% 07/15/2026 Callable @ 103.313 07/15/2022 |
51,000 |
49,215 |
||
|
Allied Universal Holdco LLC / Allied Universal Finance Corp - 144A 9.750% 07/15/2027 Callable @ 104.875 07/15/2022 |
95,000 |
92,207 |
||
|
Allison Transmission Inc - 144A 5.875% 06/01/2029 Callable @ 102.938 06/01/2024 |
109,000 |
107,608 |
||
|
American Axle & Manufacturing Inc 5.000% 10/01/2029 Callable @ 102.500 10/01/2024 |
46,000 |
39,618 |
||
|
American Axle & Manufacturing Inc 6.250% 03/15/2026 Callable @ 100.000 03/15/2023 |
57,000 |
54,221 |
||
|
#American Axle & Manufacturing Inc 6.500% 04/01/2027 Callable @ 102.167 04/01/2023 |
64,000 |
59,640 |
||
|
American Axle & Manufacturing Inc 6.875% 07/01/2028 |
171,000 |
161,168 |
||
|
Aramark Services Inc - 144A 5.000% 02/01/2028 Callable @ 102.500 02/01/2023 |
45,000 |
41,900 |
||
|
Asbury Automotive Group Inc - 144A 4.625% 11/15/2029 Callable @ 102.313 11/15/2024 |
103,000 |
92,713 |
||
|
Asbury Automotive Group Inc 4.500% 03/01/2028 Callable @ 102.250 03/01/2023 |
77,000 |
71,803 |
||
|
Asbury Automotive Group Inc 4.750% 03/01/2030 Callable @ 102.375 03/01/2025 |
11,000 |
9,818 |
||
|
Boyne USA Inc - 144A 4.750% 05/15/2029 Callable @ 102.375 05/15/2024 |
86,000 |
79,765 |
||
|
Caesars Entertainment Inc - 144A 4.625% 10/15/2029 Callable @ 102.313 10/15/2024 |
74,000 |
63,455 |
||
|
Caesars Entertainment Inc - 144A 8.125% 07/01/2027 Callable @ 104.063 07/01/2023 |
105,000 |
109,725 |
||
|
Carnival Corp - 144A 10.500% 02/01/2026 Callable @ 105.250 08/01/2023 |
65,000 |
71,500 |
||
|
Carnival Corp - 144A 4.000% 08/01/2028 Callable @ 100.000 05/01/2028 |
64,000 |
57,680 |
||
|
Carnival Corp - 144A 5.750% 03/01/2027 Callable @ 100.000 12/01/2026 |
46,000 |
41,654 |
||
|
Carnival Corp - 144A 6.000% 05/01/2029 Callable @ 103.000 11/01/2024 |
59,000 |
52,953 |
||
|
CCO Holdings LLC / CCO Holdings Capital Corp - 144A 4.250% 02/01/2031 Callable @ 102.125 07/01/2025 |
143,000 |
120,520 |
||
|
CCO Holdings LLC / CCO Holdings Capital Corp - 144A 4.500% 08/15/2030 Callable @ 102.250 02/15/2025 |
160,000 |
139,600 |
||
|
CCO Holdings LLC / CCO Holdings Capital Corp - 144A 4.750% 02/01/2032 Callable @ 102.375 02/01/2027 |
30,000 |
25,838 |
||
|
CCO Holdings LLC / CCO Holdings Capital Corp - 144A 4.750% 03/01/2030 Callable @ 102.375 09/01/2024 |
40,000 |
35,610 |
||
|
CCO Holdings LLC / CCO Holdings Capital Corp - 144A 5.000% 02/01/2028 Callable @ 102.500 08/01/2022 |
446,000 |
424,886 |
||
|
CCO Holdings LLC / CCO Holdings Capital Corp - 144A 5.125% 05/01/2027 |
524,000 |
510,900 |
||
|
CCO Holdings LLC / CCO Holdings Capital Corp - 144A 5.375% 06/01/2029 Callable @ 102.688 06/01/2024 |
230,000 |
217,925 |
||
|
CCO Holdings LLC / CCO Holdings Capital Corp - 144A 5.500% 05/01/2026 Callable @ 101.833 05/01/2022 |
50,000 |
50,125 |
||
|
CCO Holdings LLC / CCO Holdings Capital Corp 4.250% 01/15/2034 Callable @ 102.125 01/15/2028 |
85,000 |
67,575 |
||
|
CCO Holdings LLC / CCO Holdings Capital Corp 4.500% 06/01/2033 Callable @ 102.250 06/01/2027 |
125,000 |
102,228 |
||
|
CD&R Smokey Buyer Inc - 144A 6.750% 07/15/2025 Callable @ 103.375 07/15/2022 |
99,000 |
100,757 |
||
|
Cedar Fair LP / Canada's Wonderland Co / Magnum Management Corp / Millennium Op - 144A 5.500% 05/01/2025 |
118,000 |
118,590 |
||
|
Cedar Fair LP 5.250% 07/15/2029 Callable @ 102.625 07/15/2024 |
40,000 |
37,850 |
||
|
Clarios Global LP - 144A 6.750% 05/15/2025 |
45,000 |
45,900 |
||
|
Clarios Global LP / Clarios US Finance Co - 144A 8.500% 05/15/2027 Callable @ 104.250 05/15/2022 |
115,000 |
114,929 |
||
|
Clear Channel Outdoor Holdings Inc - 144A 7.500% 06/01/2029 Callable @ 103.750 06/01/2024 |
83,000 |
78,327 |
||
|
Clear Channel Outdoor Holdings Inc - 144A 7.750% 04/15/2028 Callable @ 103.875 04/15/2024 |
169,000 |
159,283 |
||
|
Clear Channel Worldwide Holdings Inc - 144A 5.125% 08/15/2027 Callable @ 102.563 08/15/2022 |
201,000 |
188,880 |
||
|
Constellation Merger Sub Inc - 144A 8.500% 09/15/2025 Callable @ 100.000 09/15/2022 |
45,000 |
41,850 |
||
|
Cooper- 144A Standard Automotive Inc - 13.000% 06/01/2024 |
130,000 |
131,300 |
||
|
Cooper- 144A Standard Automotive Inc - 5.625% 11/15/2026 Callable @ 101.875 11/15/2022 |
165,000 |
77,655 |
||
|
Dana Inc 5.375% 11/15/2027 Callable @ 102.688 11/15/2022 |
20,000 |
18,900 |
||
|
Dana Inc 5.625% 06/15/2028 Callable @ 102.813 06/15/2023 |
67,000 |
63,901 |
||
|
DISH DBS Corp - 144A 5.250% 12/01/2026 Callable @ 100.000 06/01/2026 |
315,000 |
289,217 |
||
|
DISH DBS Corp - 144A 5.750% 12/01/2028 Callable @ 100.000 12/01/2027 |
55,000 |
49,196 |
||
|
DISH DBS Corp 5.000% 03/15/2023 |
128,000 |
126,807 |
||
|
DISH DBS Corp 5.875% 07/15/2022 |
56,000 |
56,067 |
||
|
*DISH DBS Corp 5.875% 11/15/2024 |
561,000 |
544,170 |
||
|
DISH DBS Corp 7.750% 07/01/2026 |
173,000 |
162,735 |
||
|
Dornoch Debt Merger Sub Inc - 144A 6.625% 10/15/2029 Callable @ 103.313 10/15/2024 |
110,000 |
90,200 |
||
|
Ford Motor Credit Co LLC 3.375% 11/13/2025 Callable @ 100.000 10/13/2025 |
200,000 |
188,513 |
||
|
*Ford Motor Credit Co LLC 4.271% 01/09/2027 |
200,000 |
189,710 |
||
|
Ford Motor Credit Co LLC 4.542% 08/01/2026 Callable @ 100.000 06/01/2026 |
200,000 |
191,250 |
||
|
Ford Motor Credit Co LLC 4.687% 06/09/2025 Callable @ 100.000 04/09/2025 |
670,000 |
656,915 |
||
|
*Ford Motor Credit Co LLC 5.125% 06/16/2025 Callable @ 100.000 05/16/2025 |
400,000 |
399,000 |
||
|
Gap Inc/The - 144A 3.625% 10/01/2029 Callable @ 101.813 10/01/2024 |
53,000 |
43,110 |
||
|
Gap Inc/The - 144A 3.875% 10/01/2031 Callable @ 101.938 10/01/2026 |
18,000 |
14,350 |
||
|
Garda World Security Corp - 144A 6.000% 06/01/2029 Callable @ 103.000 06/01/2024 |
59,000 |
48,887 |
||
|
Garda World Security Corp - 144A 9.500% 11/01/2027 Callable @ 104.750 11/01/2022 |
80,000 |
78,600 |
||
|
Garda World Security Corp 4.625% 02/15/2027 Callable @ 102.313 02/15/2023 |
30,000 |
27,225 |
||
|
GLP Capital LP / GLP Financing II Inc 5.250% 06/01/2025 |
17,000 |
17,303 |
||
|
Goodyear Tire & Rubber Co/The 5.000% 07/15/2029 Callable @ 100.000 04/15/2029 |
106,000 |
94,520 |
||
|
Goodyear Tire & Rubber Co/The 5.250% 04/30/2031 Callable @ 100.000 01/30/2031 |
41,000 |
35,644 |
||
|
Goodyear Tire & Rubber Co/The 5.250% 07/15/2031 Callable @ 100.000 04/15/2031 |
60,000 |
51,750 |
||
|
Hanesbrands Inc - 144A 4.875% 05/15/2026 |
35,000 |
34,213 |
||
|
Hilton Domestic Operating Co Inc - 144A 3.750% 05/01/2029 Callable @ 101.875 05/01/2024 |
18,000 |
16,308 |
||
|
Hilton Domestic Operating Co Inc - 144A 5.375% 05/01/2025 Callable @ 102.688 05/01/2022 |
12,000 |
12,244 |
||
|
Hilton Domestic Operating Co Inc - 144A 5.750% 05/01/2028 |
23,000 |
23,328 |
||
|
Hilton Domestic Operating Co Inc 4.875% 01/15/2030 Callable @ 102.438 01/15/2025 |
34,000 |
32,895 |
||
|
Hilton Worldwide Finance LLC / Hilton Worldwide Finance Corp 4.875% 04/01/2027 Callable @ 101.218 04/01/2023 |
68,000 |
67,756 |
||
|
Hughes Satellite Systems Corp 6.625% 08/01/2026 |
20,000 |
19,900 |
||
|
IRB Holding Corp - 144A 7.000% 06/15/2025 Callable @ 103.500 06/15/2022 |
50,000 |
51,191 |
||
|
L Brands Inc - 144A 9.375% 07/01/2025 |
3,000 |
3,375 |
||
|
L Brands Inc 6.750% 07/01/2036 |
35,000 |
33,950 |
||
|
Lithia Motors Inc 4.375% 01/15/2031 Callable @ 102.188 10/15/2025 |
36,000 |
33,030 |
||
|
Macy's Retail Holdings LLC - 144A 5.875% 03/15/2030 Callable @ 102.938 03/15/2025 |
15,000 |
14,141 |
||
|
Marriott Ownership Resorts Inc - 144A 4.500% 06/15/2029 Callable @ 102.250 06/15/2024 |
21,000 |
18,480 |
||
|
Marriott Ownership Resorts Inc - 144A 6.125% 09/15/2025 Callable @ 103.063 05/15/2022 |
21,000 |
21,497 |
||
|
Mattel Inc - 144A 5.875% 12/15/2027 Callable @ 104.406 12/15/2022 |
68,000 |
69,564 |
||
|
Mattel Inc 3.375% 04/01/2026 Callable @ 101.688 04/01/2023 |
19,000 |
18,478 |
||
|
Mattel Inc 3.750% 04/01/2029 Callable @ 101.875 04/01/2024 |
23,000 |
21,908 |
||
|
MGM Growth Properties Operating Partnership LP / MGP Finance Co Issuer Inc 3.875% 02/15/2029 |
40,000 |
37,931 |
||
|
MGM Growth Properties Operating Partnership LP / MGP Finance Co Issuer Inc 4.500% 01/15/2028 Callable @ 100.000 10/15/2027 |
10,000 |
9,850 |
||
|
MGM Growth Properties Operating Partnership LP / MGP Finance Co Issuer Inc 4.500% 09/01/2026 Callable @ 100.000 06/01/2026 |
15,000 |
14,850 |
||
|
MGM Growth Properties Operating Partnership LP / MGP Finance Co Issuer Inc 4.625% 06/15/2025 Callable @ 100.000 03/15/2025 |
42,000 |
41,790 |
||
|
MGM Growth Properties Operating Partnership LP / MGP Finance Co Issuer Inc 5.625% 05/01/2024 Callable @ 100.000 02/01/2024 |
30,000 |
30,300 |
||
|
MGM Resorts International 5.500% 04/15/2027 Callable @ 100.000 01/15/2027 |
75,000 |
72,496 |
||
|
#MGM Resorts International 5.750% 06/15/2025 Callable @ 100.000 03/15/2025 |
180,000 |
178,781 |
||
|
*MGM Resorts International 6.000% 03/15/2023 |
225,000 |
227,828 |
||
|
Newell Brands Inc 4.200% 04/01/2026 Callable @ 100.000 01/01/2026 |
31,000 |
30,735 |
||
|
Newell Brands Inc 5.375% 04/01/2036 Callable @ 100.000 10/01/2035 |
10,000 |
9,558 |
||
|
NMG Holding Co Inc / Neiman Marcus Group LLC - 144A 7.125% 04/01/2026 Callable @ 103.563 04/01/2023 |
135,000 |
134,019 |
||
|
Panther BF Aggregator 2 LP / Panther Finance Co Inc - 144A 6.250% 05/15/2026 Callable @ 103.125 05/15/2022 |
82,000 |
82,820 |
||
|
PetSmart Inc / PetSmart Finance Corp - 144A 4.750% 02/15/2028 Callable @ 102.375 02/15/2024 |
250,000 |
233,043 |
||
|
Photo Holdings Merger Sub Inc - 144A 8.500% 10/01/2026 Callable @ 104.250 10/01/2022 |
180,000 |
166,500 |
||
|
PM General Purchaser LLC - 144A 9.500% 10/01/2028 Callable @ 104.750 10/01/2023 |
72,000 |
69,480 |
||
|
Realogy Group LLC / Realogy Co- 144A Issuer Corp - 5.250% 04/15/2030 Callable @ 102.625 04/15/2025 |
102,000 |
82,493 |
||
|
Royal Caribbean Cruises Ltd - 144A 10.875% 06/01/2023 Callable @ 100.000 03/01/2023 |
26,000 |
27,203 |
||
|
Royal Caribbean Cruises Ltd - 144A 11.500% 06/01/2025 |
62,000 |
67,406 |
||
|
Royal Caribbean Cruises Ltd - 144A 9.125% 06/15/2023 Callable @ 100.000 03/15/2023 |
9,000 |
9,291 |
||
|
Ryman Hospitality Properties Inc 4.750% 10/15/2027 Callable @ 103.563 10/15/2022 |
150,000 |
139,869 |
||
|
Service Corp International/US 3.375% 08/15/2030 Callable @ 101.688 08/15/2025 |
31,000 |
26,660 |
||
|
Service Corp International/US 4.000% 05/15/2031 Callable @ 102.000 05/15/2026 |
18,000 |
16,200 |
||
|
Service Corp International/US 4.625% 12/15/2027 Callable @ 102.313 12/15/2022 |
40,000 |
38,800 |
||
|
Service Corp International/US 5.125% 06/01/2029 Callable @ 102.563 06/01/2024 |
38,000 |
37,484 |
||
|
Service Corp International/US 7.500% 04/01/2027 |
105,000 |
114,188 |
||
|
Sirius XM Radio Inc - 144A 5.000% 08/01/2027 Callable @ 102.500 08/01/2022 |
216,000 |
208,440 |
||
|
Six Flags Entertainment Corp - 144A 4.875% 07/31/2024 Callable @ 100.000 07/31/2022 |
165,000 |
164,340 |
||
|
Six Flags Entertainment Corp - 144A 5.500% 04/15/2027 Callable @ 101.833 04/15/2023 |
30,000 |
29,175 |
||
|
Six Flags Theme Parks Inc - 144A 7.000% 07/01/2025 Callable @ 103.500 07/01/2022 |
118,000 |
122,573 |
||
|
Sonic Automotive Inc - 144A 4.625% 11/15/2029 Callable @ 102.313 11/15/2024 |
49,000 |
42,153 |
||
|
Staples Inc - 144A 10.750% 04/15/2027 Callable @ 102.688 04/15/2023 |
95,000 |
84,170 |
||
|
Staples Inc - 144A 7.500% 04/15/2026 Callable @ 101.875 04/15/2023 |
220,000 |
210,100 |
||
|
Station Casinos LLC - 144A 4.500% 02/15/2028 Callable @ 102.250 02/15/2023 |
125,000 |
113,459 |
||
|
Superior Plus LP / Superior General Partner Inc - 144A 4.500% 03/15/2029 Callable @ 102.250 03/15/2024 |
56,000 |
51,170 |
||
|
Tempur Sealy International Inc - 144A 3.875% 10/15/2031 Callable @ 101.938 10/15/2026 |
34,000 |
28,096 |
||
|
Tempur Sealy International Inc - 144A 4.000% 04/15/2029 Callable @ 102.000 04/15/2024 |
139,000 |
120,410 |
||
|
Tenneco Inc - 144A 5.125% 04/15/2029 Callable @ 102.563 04/15/2024 |
65,000 |
62,912 |
||
|
Tenneco Inc - 144A 7.875% 01/15/2029 Callable @ 103.938 01/15/2024 |
24,000 |
24,240 |
||
|
Tenneco Inc 5.000% 07/15/2026 |
53,000 |
51,410 |
||
|
Tenneco Inc 5.375% 12/15/2024 Callable @ 100.000 12/15/2022 |
20,000 |
19,553 |
||
|
US Foods Inc - 144A 4.625% 06/01/2030 Callable @ 102.313 06/01/2025 |
68,000 |
60,860 |
||
|
US Foods Inc - 144A 4.750% 02/15/2029 Callable @ 102.375 02/15/2024 |
15,000 |
13,856 |
||
|
Vail Resorts Inc - 144A 6.250% 05/15/2025 |
104,000 |
106,340 |
||
|
VICI Properties LP / VICI Note Co Inc - 144A 3.750% 02/15/2027 |
75,000 |
69,375 |
||
|
VICI Properties LP / VICI Note Co Inc - 144A 4.125% 08/15/2030 Callable @ 102.063 02/15/2025 |
20,000 |
18,000 |
||
|
VICI Properties LP / VICI Note Co Inc - 144A 4.625% 12/01/2029 Callable @ 102.313 12/01/2024 |
73,000 |
68,328 |
||
|
VICI Properties LP / VICI Note Co Inc 4.250% 12/01/2026 Callable @ 102.125 12/01/2022 |
113,000 |
107,082 |
||
|
Videotron Ltd - 144A 5.375% 06/15/2024 Callable @ 100.000 03/15/2024 |
45,000 |
45,450 |
||
|
Videotron Ltd / Videotron Ltee - 144A 5.125% 04/15/2027 Callable @ 101.708 04/15/2023 |
95,000 |
93,100 |
||
|
Vista Outdoor Inc - 144A 4.500% 03/15/2029 Callable @ 102.250 03/15/2024 |
149,000 |
133,355 |
||
|
Weekley Homes LLC / Weekley Finance Corp - 144A 4.875% 09/15/2028 Callable @ 102.438 09/15/2023 |
49,000 |
43,210 |
||
|
William Carter Co/The - 144A 5.625% 03/15/2027 Callable @ 101.406 03/15/2023 |
85,000 |
84,715 |
||
|
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp - 144A 5.250% 05/15/2027 Callable @ 100.000 02/15/2027 |
25,000 |
23,031 |
||
|
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp - 144A 5.500% 03/01/2025 Callable @ 100.000 12/01/2024 |
132,000 |
127,710 |
||
|
Wynn Resorts Finance LLC / Wynn Resorts Capital Corp - 144A 5.125% 10/01/2029 |
193,000 |
168,995 |
||
|
Yum! Brands Inc 3.625% 03/15/2031 Callable @ 100.000 12/15/2030 |
41,000 |
35,230 |
||
|
Yum! Brands Inc 4.625% 01/31/2032 Callable @ 102.313 10/01/2026 |
73,000 |
66,339 |
||
|
$ |
12,667,097 |
|||
|
Consumer Staples (4.6%) |
||||
|
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC - 144A 3.250% 03/15/2026 Callable @ 101.625 09/15/2022 |
38,000 |
34,675 |
||
|
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC - 144A 3.500% 03/15/2029 Callable @ 101.750 09/15/2023 |
77,000 |
64,865 |
||
|
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC - 144A 4.625% 01/15/2027 Callable @ 103.469 01/15/2023 |
250,000 |
234,169 |
||
|
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC - 144A 4.875% 02/15/2030 |
35,000 |
31,677 |
||
|
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC - 144A 5.875% 02/15/2028 Callable @ 104.406 08/15/2022 |
71,000 |
68,959 |
||
|
Central Garden & Pet Co 4.125% 10/15/2030 Callable @ 102.063 10/15/2025 |
34,000 |
29,391 |
||
|
Central Garden & Pet Co 5.125% 02/01/2028 Callable @ 102.563 01/01/2023 |
183,000 |
176,595 |
||
|
Coty Inc - 144A 5.000% 04/15/2026 Callable @ 102.500 04/15/2023 |
79,000 |
74,608 |
||
|
Edgewell Personal Care Co - 144A 4.125% 04/01/2029 Callable @ 102.063 04/01/2024 |
25,000 |
22,188 |
||
|
Edgewell Personal Care Co - 144A 5.500% 06/01/2028 Callable @ 102.750 06/01/2023 |
125,000 |
120,938 |
||
|
Energizer Holdings Inc - 144A 4.375% 03/31/2029 Callable @ 102.188 09/30/2023 |
58,000 |
48,213 |
||
|
Energizer Holdings Inc - 144A 4.750% 06/15/2028 Callable @ 102.375 06/15/2023 |
239,000 |
210,134 |
||
|
Energizer Holdings Inc - 144A 6.500% 12/31/2027 Callable @ 103.250 08/31/2024 |
37,000 |
35,520 |
||
|
HFC Prestige Products Inc/HFC Prestige International US LLC - 144A 4.750% 01/15/2029 Callable @ 102.375 01/15/2025 |
45,000 |
40,050 |
||
|
+^High Ridge Brands Co 8.875% 03/15/2025 |
60,000 |
0 |
||
|
Lamb Weston Holdings Inc - 144A 4.125% 01/31/2030 Callable @ 102.063 01/31/2025 |
124,000 |
110,670 |
||
|
Lamb Weston Holdings Inc - 144A 4.375% 01/31/2032 Callable @ 102.188 01/31/2027 |
17,000 |
15,258 |
||
|
Lamb Weston Holdings Inc - 144A 4.875% 05/15/2028 |
26,000 |
25,285 |
||
|
Performance Food Group Inc - 144A 5.500% 10/15/2027 Callable @ 102.750 10/15/2022 |
85,000 |
82,334 |
||
|
Performance Food Group Inc - 144A 6.875% 05/01/2025 |
90,000 |
92,122 |
||
|
Performance Food Group Inc 4.250% 08/01/2029 Callable @ 102.125 08/01/2024 |
75,000 |
66,655 |
||
|
Post Holdings Inc - 144A 4.625% 04/15/2030 Callable @ 102.313 04/15/2025 |
50,000 |
42,750 |
||
|
Post Holdings Inc - 144A 5.500% 12/15/2029 Callable @ 102.750 12/15/2024 |
25,000 |
22,750 |
||
|
Post Holdings Inc - 144A 5.625% 01/15/2028 Callable @ 102.813 12/01/2022 |
120,000 |
113,460 |
||
|
Post Holdings Inc - 144A 5.750% 03/01/2027 Callable @ 101.917 03/01/2023 |
115,000 |
113,419 |
||
|
Reynolds Group Issuer Inc / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu - 144A 4.000% 10/15/2027 Callable @ 102.000 10/15/2023 |
193,000 |
168,393 |
||
|
Rite Aid Corp - 144A 7.500% 07/01/2025 Callable @ 103.750 07/01/2022 |
58,000 |
49,657 |
||
|
*Rite Aid Corp - 144A 8.000% 11/15/2026 Callable @ 104.000 01/15/2023 |
239,000 |
200,770 |
||
|
Spectrum Brands Inc - 144A 3.875% 03/15/2031 Callable @ 101.938 03/15/2026 |
19,000 |
15,913 |
||
|
Spectrum Brands Inc - 144A 5.000% 10/01/2029 Callable @ 102.500 10/01/2024 |
138,000 |
128,340 |
||
|
Spectrum Brands Inc - 144A 5.500% 07/15/2030 Callable @ 102.750 07/15/2025 |
44,000 |
40,947 |
||
|
TreeHouse Foods Inc 4.000% 09/01/2028 Callable @ 102.000 09/01/2023 |
21,000 |
17,111 |
||
|
$ |
2,497,810 |
|||
|
Energy (10.4%) |
||||
|
Antero Midstream Partners LP - 144A 5.375% 06/15/2029 Callable @ 102.688 06/15/2024 |
81,000 |
75,951 |
||
|
Antero Midstream Partners LP / Antero Midstream Finance Corp - 144A 5.750% 01/15/2028 Callable @ 102.875 01/15/2023 |
85,000 |
82,646 |
||
|
Antero Midstream Partners LP / Antero Midstream Finance Corp - 144A 5.750% 03/01/2027 Callable @ 101.917 03/01/2023 |
5,000 |
4,869 |
||
|
Antero Midstream Partners LP / Antero Midstream Finance Corp - 144A 7.875% 05/15/2026 Callable @ 103.938 05/15/2023 |
68,000 |
71,102 |
||
|
Antero Resources Corp - 144A 5.375% 03/01/2030 Callable @ 102.688 03/01/2025 |
23,000 |
22,473 |
||
|
Antero Resources Corp - 144A 7.625% 02/01/2029 Callable @ 103.813 02/01/2024 |
16,000 |
16,954 |
||
|
Antero Resources Corp - 144A 8.375% 07/15/2026 Callable @ 104.188 01/15/2024 |
69,000 |
74,358 |
||
|
Archrock Partners LP / Archrock Partners Finance Corp - 144A 6.250% 04/01/2028 Callable @ 103.125 04/01/2023 |
37,000 |
35,890 |
||
|
Archrock Partners LP / Archrock Partners Finance Corp - 144A 6.875% 04/01/2027 Callable @ 103.438 04/01/2023 |
35,000 |
35,053 |
||
|
Baytex Energy Corp - 144A 8.750% 04/01/2027 Callable @ 106.563 04/01/2023 |
70,000 |
74,003 |
||
|
Blue Racer Midstream LLC / Blue Racer Finance Corp - 144A 6.625% 07/15/2026 Callable @ 103.313 07/15/2022 |
25,000 |
25,031 |
||
|
Blue Racer Midstream LLC / Blue Racer Finance Corp - 144A 7.625% 12/15/2025 Callable @ 103.812 12/15/2022 |
58,000 |
59,740 |
||
|
Buckeye Partners LP - 144A 4.125% 03/01/2025 Callable @ 100.000 02/01/2025 |
115,000 |
110,249 |
||
|
Buckeye Partners LP - 144A 4.500% 03/01/2028 Callable @ 100.000 12/01/2027 |
40,000 |
36,500 |
||
|
Buckeye Partners LP 3.950% 12/01/2026 Callable @ 100.000 09/01/2026 |
40,000 |
37,800 |
||
|
Buckeye Partners LP 4.125% 12/01/2027 Callable @ 100.000 09/01/2027 |
15,000 |
13,838 |
||
|
California Resources Corp - 144A 7.125% 02/01/2026 Callable @ 103.565 02/01/2023 |
88,000 |
89,509 |
||
|
Cheniere Energy Inc 4.625% 10/15/2028 Callable @ 102.313 10/15/2023 |
85,000 |
82,238 |
||
|
Cheniere Energy Partners LP - 144A 3.250% 01/31/2032 Callable @ 101.625 01/31/2027 |
39,000 |
33,345 |
||
|
Cheniere Energy Partners LP 4.500% 10/01/2029 Callable @ 102.250 10/01/2024 |
166,000 |
158,945 |
||
|
Chesapeake Energy Corp 5.500% 09/15/2026 |
15,000 |
281 |
||
|
Chesapeake Escrow Issuer LLC - 144A 5.500% 02/01/2026 Callable @ 102.750 02/05/2023 |
35,000 |
34,705 |
||
|
CNX Midstream Partners LP - 144A 4.750% 04/15/2030 Callable @ 102.375 04/15/2025 |
16,000 |
14,720 |
||
|
CNX Resources Corp - 144A 6.000% 01/15/2029 Callable @ 104.500 01/15/2024 |
31,000 |
30,613 |
||
|
Comstock Resources Inc - 144A 6.750% 03/01/2029 Callable @ 103.375 03/01/2024 |
126,000 |
127,446 |
||
|
Comstock Resources Inc 5.875% 01/15/2030 Callable @ 102.938 01/15/2025 |
38,000 |
36,568 |
||
|
Covey Park Energy LLC / Covey Park Finance Corp - 144A 7.500% 05/15/2025 Callable @ 101.875 05/15/2022 |
31,000 |
31,636 |
||
|
Crestwood Midstream Partners LP / Crestwood Midstream Finance Corp - 144A 5.625% 05/01/2027 Callable @ 102.813 05/01/2022 |
35,000 |
34,081 |
||
|
DCP Midstream Operating LP 5.375% 07/15/2025 Callable @ 100.000 04/15/2025 |
20,000 |
20,100 |
||
|
DCP Midstream Operating LP 5.625% 07/15/2027 Callable @ 100.000 04/15/2027 |
30,000 |
30,439 |
||
|
DT Midstream Inc - 144A 4.125% 06/15/2029 Callable @ 102.063 06/15/2024 |
90,000 |
81,900 |
||
|
DT Midstream Inc - 144A 4.375% 06/15/2031 Callable @ 102.188 06/15/2026 |
36,000 |
32,252 |
||
|
Encino Acquisition Partners Holdings LLC - 144A 8.500% 05/01/2028 Callable @ 104.250 05/01/2024 |
100,000 |
100,250 |
||
|
Endeavor Energy Resources LP / EER Finance Inc 6.625% 07/15/2025 Callable @ 103.313 07/15/2022 |
24,000 |
24,630 |
||
|
EnLink Midstream LLC 5.375% 06/01/2029 Callable @ 100.000 03/01/2029 |
16,000 |
15,573 |
||
|
EnLink Midstream Partners LP 4.150% 06/01/2025 Callable @ 100.000 03/01/2025 |
10,000 |
9,725 |
||
|
EnLink Midstream Partners LP 4.400% 04/01/2024 Callable @ 100.000 01/01/2024 |
65,000 |
64,181 |
||
|
EnLink Midstream Partners LP 4.850% 07/15/2026 Callable @ 100.000 04/15/2026 |
25,000 |
24,313 |
||
|
EP Energy LLC / Everest Acquisition Finance Inc - 144A 8.000% 11/29/2024 Callable @ 100.000 11/30/2022 |
- |
0 |
||
|
EP Energy LLC / Everest Acquisition Finance Inc - 144A 9.375% 05/01/2024 |
- |
0 |
||
|
EQM Midstream Partners LP - 144A 4.500% 01/15/2029 Callable @ 100.000 07/15/2028 |
44,000 |
39,610 |
||
|
EQM Midstream Partners LP - 144A 4.750% 01/15/2031 Callable @ 100.000 07/15/2030 |
49,000 |
43,995 |
||
|
EQM Midstream Partners LP - 144A 6.000% 07/01/2025 Callable @ 100.000 04/01/2025 |
40,000 |
39,642 |
||
|
EQM Midstream Partners LP - 144A 6.500% 07/01/2027 Callable @ 100.000 01/01/2027 |
25,000 |
25,250 |
||
|
EQM Midstream Partners LP 4.125% 12/01/2026 Callable @ 100.000 09/01/2026 |
47,000 |
43,651 |
||
|
EQM Midstream Partners LP 5.500% 07/15/2028 Callable @ 100.000 04/15/2028 |
5,000 |
4,775 |
||
|
EQT Corp - 144A 3.125% 05/15/2026 Callable @ 101.563 05/15/2023 |
26,000 |
24,512 |
||
|
EQT Corp - 144A 3.625% 05/15/2031 Callable @ 100.000 05/15/2030 |
21,000 |
19,007 |
||
|
EQT Corp 5.000% 01/15/2029 |
18,000 |
17,944 |
||
|
EQT Corp 6.125% 02/01/2025 Callable @ 100.000 01/01/2025 |
35,000 |
36,395 |
||
|
FMG Resources August 2006 Pty Ltd - 144A 4.375% 04/01/2031 Callable @ 100.000 01/01/2031 |
58,000 |
51,325 |
||
|
GCI LLC - 144A 4.750% 10/15/2028 Callable @ 102.375 10/15/2023 |
133,000 |
123,358 |
||
|
Genesis Energy LP / Genesis Energy Finance Corp 6.250% 05/15/2026 Callable @ 101.563 02/15/2023 |
10,000 |
9,325 |
||
|
Genesis Energy LP / Genesis Energy Finance Corp 7.750% 02/01/2028 Callable @ 105.813 02/01/2023 |
41,000 |
39,463 |
||
|
Genesis Energy LP / Genesis Energy Finance Corp 8.000% 01/15/2027 Callable @ 104.000 10/15/2024 |
18,000 |
17,653 |
||
|
Global Infrastructure Solutions Inc - 144A 5.625% 06/01/2029 Callable @ 102.813 06/01/2024 |
90,000 |
81,894 |
||
|
Global Infrastructure Solutions Inc - 144A 7.500% 04/15/2032 Callable @ 103.750 04/15/2027 |
50,000 |
46,506 |
||
|
Gulfport Energy Corp - 144A 8.000% 05/17/2026 Callable @ 104.000 05/17/2024 |
110,000 |
113,143 |
||
|
Gulfport Energy Corp 6.000% 10/15/2024 |
- |
0 |
||
|
Gulfport Energy Corp 6.375% 01/15/2026 Callable @ 101.594 01/15/2023 |
- |
0 |
||
|
Gulfport Energy Corp 6.625% 05/01/2023 |
- |
0 |
||
|
Gulfport Energy Corp 8.000% 05/17/2026 Callable @ 104.000 05/17/2024 |
25,000 |
25,714 |
||
|
Hess Infrastructure Partners LP / Hess Infrastructure Partners Finance Corp 5.625% 02/15/2026 Callable @ 101.406 02/15/2023 |
25,000 |
25,000 |
||
|
Hess Midstream Operations LP - 144A 5.125% 06/15/2028 Callable @ 102.563 06/15/2023 |
55,000 |
53,213 |
||
|
Hess Midstream Operations LP 4.250% 02/15/2030 Callable @ 102.125 02/15/2025 |
47,000 |
43,113 |
||
|
Hilcorp Energy I LP / Hilcorp Finance Co - 144A 6.000% 04/15/2030 Callable @ 103.000 04/15/2025 |
29,000 |
28,779 |
||
|
Hilcorp Energy I LP / Hilcorp Finance Co - 144A 6.250% 04/15/2032 Callable @ 103.125 05/15/2027 |
23,000 |
22,650 |
||
|
Holly Energy Partners LP / Holly Energy Finance Corp - 144A 5.000% 02/01/2028 Callable @ 103.750 02/01/2023 |
35,000 |
33,299 |
||
|
Holly Energy Partners LP / Holly Energy Finance Corp - 144A 6.375% 04/15/2027 Callable @ 103.188 04/15/2024 |
33,000 |
33,660 |
||
|
MEG Energy Corp - 144A 7.125% 02/01/2027 Callable @ 103.563 02/01/2023 |
87,000 |
88,349 |
||
|
Nabors Industries Inc 5.750% 02/01/2025 Callable @ 100.000 11/01/2024 |
69,000 |
65,948 |
||
|
NGL Energy Operating LLC / NGL Energy Finance Corp - 144A 7.500% 02/01/2026 Callable @ 103.750 02/01/2023 |
37,000 |
34,804 |
||
|
NRG Energy Inc - 144A 3.875% 02/15/2032 Callable @ 101.938 02/15/2027 |
44,000 |
36,729 |
||
|
NRG Energy Inc - 144A 5.250% 06/15/2029 Callable @ 102.625 06/15/2024 |
74,000 |
69,698 |
||
|
NRG Energy Inc 5.750% 01/15/2028 Callable @ 102.875 01/15/2023 |
78,000 |
76,245 |
||
|
NuStar Logistics LP 5.625% 04/28/2027 |
30,000 |
28,782 |
||
|
NuStar Logistics LP 5.750% 10/01/2025 Callable @ 100.000 07/01/2025 |
21,000 |
20,895 |
||
|
NuStar Logistics LP 6.000% 06/01/2026 Callable @ 100.000 03/01/2026 |
50,000 |
49,882 |
||
|
NuStar Logistics LP 6.375% 10/01/2030 Callable @ 100.000 04/01/2030 |
66,000 |
65,033 |
||
|
Oasis Midstream Partners LP / OMP Finance Corp 8.000% 04/01/2029 Callable @ 104.000 04/01/2024 |
119,000 |
124,058 |
||
|
Oasis Petroleum Inc - 144A 6.250% 05/01/2026 Callable @ 101.563 05/01/2022 |
- |
0 |
||
|
Oasis Petroleum Inc - 144A 6.375% 06/01/2026 Callable @ 103.188 06/01/2023 |
56,000 |
56,272 |
||
|
Oasis Petroleum Inc 6.875% 01/15/2023 |
- |
0 |
||
|
Occidental Petroleum Corp 5.500% 12/01/2025 Callable @ 100.000 09/01/2025 |
47,000 |
47,823 |
||
|
Occidental Petroleum Corp 5.875% 09/01/2025 Callable @ 100.000 06/01/2025 |
25,000 |
25,677 |
||
|
Occidental Petroleum Corp 6.125% 01/01/2031 Callable @ 100.000 07/01/2030 |
65,000 |
68,319 |
||
|
Occidental Petroleum Corp 6.375% 09/01/2028 Callable @ 100.000 03/01/2028 |
25,000 |
26,250 |
||
|
Occidental Petroleum Corp 6.625% 09/01/2030 Callable @ 100.000 03/01/2030 |
80,000 |
86,700 |
||
|
Occidental Petroleum Corp 8.000% 07/15/2025 Callable @ 100.000 04/15/2025 |
78,000 |
84,045 |
||
|
Occidental Petroleum Corp 8.500% 07/15/2027 Callable @ 100.000 01/15/2027 |
46,000 |
51,865 |
||
|
Occidental Petroleum Corp 8.875% 07/15/2030 Callable @ 100.000 01/15/2030 |
56,000 |
67,261 |
||
|
PBF Holding Co LLC / PBF Finance Corp - 144A 9.250% 05/15/2025 Callable @ 104.625 05/15/2022 |
33,000 |
34,196 |
||
|
Precision Drilling Corp - 144A 6.875% 01/15/2029 Callable @ 103.438 01/15/2025 |
8,000 |
7,762 |
||
|
Precision Drilling Corp - 144A 7.125% 01/15/2026 Callable @ 101.781 11/15/2022 |
35,000 |
35,096 |
||
|
Range Resources Corp - 144A 4.750% 02/15/2030 Callable @ 102.375 02/15/2025 |
24,000 |
22,853 |
||
|
Range Resources Corp 4.875% 05/15/2025 Callable @ 100.000 02/15/2025 |
65,000 |
64,350 |
||
|
Range Resources Corp 8.250% 01/15/2029 Callable @ 104.125 01/15/2024 |
40,000 |
42,888 |
||
|
Rockcliff Energy II LLC - 144A 5.500% 10/15/2029 Callable @ 102.750 10/15/2024 |
28,000 |
27,160 |
||
|
SM Energy Co 5.625% 06/01/2025 Callable @ 100.938 06/01/2022 |
30,000 |
29,325 |
||
|
SM Energy Co 6.500% 07/15/2028 Callable @ 103.250 07/15/2024 |
16,000 |
15,774 |
||
|
Southwestern Energy Co 4.750% 02/01/2032 Callable @ 102.375 02/01/2027 |
17,000 |
16,086 |
||
|
Southwestern Energy Co 5.375% 03/15/2030 Callable @ 102.688 03/15/2025 |
107,000 |
105,646 |
||
|
Southwestern Energy Co 6.700% 01/23/2025 Callable @ 100.000 10/23/2024 |
6,000 |
6,086 |
||
|
Southwestern Energy Co 7.750% 10/01/2027 Callable @ 103.875 10/01/2022 |
27,000 |
28,176 |
||
|
Southwestern Energy Co 8.375% 09/15/2028 Callable @ 104.188 09/15/2023 |
25,000 |
27,031 |
||
|
Sunoco LP / Sunoco Finance Corp - 144A 4.500% 04/30/2030 Callable @ 102.250 04/30/2025 |
60,000 |
53,775 |
||
|
Sunoco LP / Sunoco Finance Corp 4.500% 05/15/2029 Callable @ 102.250 05/15/2024 |
104,000 |
93,520 |
||
|
Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp - 144A 5.500% 01/15/2028 Callable @ 102.750 01/15/2023 |
60,000 |
56,090 |
||
|
Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp - 144A 6.000% 03/01/2027 Callable @ 103.000 03/01/2023 |
40,000 |
38,400 |
||
|
Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp - 144A 6.000% 09/01/2031 Callable @ 103.000 09/01/2026 |
70,000 |
63,875 |
||
|
Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp - 144A 6.000% 12/31/2030 Callable @ 103.000 12/31/2025 |
50,000 |
46,250 |
||
|
Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp - 144A 7.500% 10/01/2025 Callable @ 105.625 10/01/2022 |
93,000 |
94,908 |
||
|
Targa Resources Partners LP / Targa Resources Partners Finance Corp 4.000% 01/15/2032 Callable @ 102.000 07/15/2026 |
62,000 |
56,120 |
||
|
Targa Resources Partners LP / Targa Resources Partners Finance Corp 4.875% 02/01/2031 Callable @ 102.438 02/01/2026 |
70,000 |
67,356 |
||
|
Targa Resources Partners LP / Targa Resources Partners Finance Corp 5.000% 01/15/2028 Callable @ 102.500 01/15/2023 |
40,000 |
39,228 |
||
|
Targa Resources Partners LP / Targa Resources Partners Finance Corp 5.500% 03/01/2030 Callable @ 102.750 03/01/2025 |
15,000 |
14,845 |
||
|
Targa Resources Partners LP / Targa Resources Partners Finance Corp 6.500% 07/15/2027 Callable @ 104.875 07/15/2022 |
108,000 |
111,255 |
||
|
Targa Resources Partners LP / Targa Resources Partners Finance Corp 6.875% 01/15/2029 Callable @ 103.438 01/15/2024 |
38,000 |
40,043 |
||
|
Transocean Guardian Ltd - 144A 5.875% 01/15/2024 Callable @ 101.469 07/15/2022 |
23,043 |
22,056 |
||
|
Transocean Inc - 144A 11.500% 01/30/2027 Callable @ 105.750 07/30/2023 |
68,000 |
67,642 |
||
|
Transocean Pontus Ltd - 144A 6.125% 08/01/2025 Callable @ 103.063 08/01/2022 |
28,290 |
27,795 |
||
|
Vine Energy Holdings LLC 6.750% 04/15/2029 Callable @ 103.375 04/15/2024 |
178,000 |
179,113 |
||
|
Western Midstream Operating LP 4.500% 03/01/2028 Callable @ 100.000 12/01/2027 |
8,000 |
7,628 |
||
|
Western Midstream Operating LP 4.650% 07/01/2026 Callable @ 100.000 04/01/2026 |
65,000 |
64,106 |
||
|
$ |
5,677,848 |
|||
|
Financials (1.9%) |
||||
|
Adient Global Holdings Ltd - 144A 4.875% 08/15/2026 |
240,000 |
214,015 |
||
|
Ally Financial Inc 5.750% 11/20/2025 Callable @ 100.000 10/20/2025 |
95,000 |
97,380 |
||
|
(2)Citigroup Inc |
10,000 |
9,777 |
||
|
Coinbase Global Inc - 144A 3.375% 10/01/2028 Callable @ 101.688 10/01/2024 |
20,000 |
15,529 |
||
|
Coinbase Global Inc - 144A 3.625% 10/01/2031 Callable @ 101.813 10/01/2026 |
20,000 |
14,825 |
||
|
LPL Holdings Inc - 144A 4.000% 03/15/2029 Callable @ 102.000 03/15/2024 |
50,000 |
45,500 |
||
|
LPL Holdings Inc - 144A 4.625% 11/15/2027 Callable @ 102.313 11/15/2022 |
30,000 |
28,463 |
||
|
Nationstar Mortgage Holdings Inc - 144A 5.125% 12/15/2030 Callable @ 102.563 12/15/2025 |
26,000 |
22,620 |
||
|
Nationstar Mortgage Holdings Inc - 144A 5.500% 08/15/2028 Callable @ 102.750 08/15/2023 |
88,000 |
80,080 |
||
|
Nationstar Mortgage Holdings Inc - 144A 5.750% 11/15/2031 Callable @ 102.875 11/15/2026 |
75,000 |
66,563 |
||
|
Nationstar Mortgage Holdings Inc - 144A 6.000% 01/15/2027 Callable @ 101.500 01/15/2024 |
10,000 |
9,700 |
||
|
OneMain Finance Corp 3.500% 01/15/2027 Callable @ 101.750 01/15/2024 |
20,000 |
17,570 |
||
|
OneMain Finance Corp 4.000% 09/15/2030 Callable @ 102.000 09/15/2025 |
18,000 |
14,736 |
||
|
Quicken Loans LLC / Quicken Loans Co- 144A Issuer Inc - 3.625% 03/01/2029 Callable @ 101.813 03/01/2023 |
66,000 |
56,430 |
||
|
Rocket Mortgage LLC / Rocket Mortgage Co- 144A Issuer Inc - 2.875% 10/15/2026 Callable @ 101.438 10/15/2023 |
49,000 |
43,365 |
||
|
Rocket Mortgage LLC / Rocket Mortgage Co- 144A Issuer Inc - 4.000% 10/15/2033 Callable @ 102.000 10/15/2027 |
9,000 |
7,210 |
||
|
Springleaf Finance Corp 5.375% 11/15/2029 Callable @ 100.000 05/15/2029 |
125,000 |
112,500 |
||
|
Springleaf Finance Corp 6.625% 01/15/2028 Callable @ 100.000 07/15/2027 |
24,000 |
23,670 |
||
|
WMG Acquisition Corp - 144A 3.000% 02/15/2031 Callable @ 101.500 02/15/2026 |
58,000 |
48,285 |
||
|
WMG Acquisition Corp - 144A 3.750% 12/01/2029 Callable @ 101.875 12/01/2024 |
85,000 |
76,181 |
||
|
WMG Acquisition Corp - 144A 3.875% 07/15/2030 Callable @ 101.938 07/15/2025 |
25,000 |
22,375 |
||
|
$ |
1,026,773 |
|||
|
Health Care (13.0%) |
||||
|
Acadia Healthcare Co Inc - 144A 5.000% 04/15/2029 Callable @ 102.500 10/15/2023 |
45,000 |
42,638 |
||
|
Acadia Healthcare Co Inc - 144A 5.500% 07/01/2028 Callable @ 102.750 07/01/2023 |
32,000 |
31,160 |
||
|
Ardent Health Services Inc 5.750% 07/15/2029 Callable @ 102.875 07/15/2024 |
39,000 |
35,198 |
||
|
Avantor Funding Inc - 144A 3.875% 11/01/2029 Callable @ 101.938 11/01/2024 |
25,000 |
22,433 |
||
|
Avantor Funding Inc - 144A 4.625% 07/15/2028 Callable @ 102.313 07/15/2023 |
206,000 |
195,966 |
||
|
Bausch Health Americas Inc - 144A 9.250% 04/01/2026 Callable @ 102.313 04/01/2023 |
250,000 |
248,175 |
||
|
Bausch Health Cos Inc - 144A 4.875% 06/01/2028 Callable @ 102.438 06/01/2024 |
130,000 |
115,343 |
||
|
Bausch Health Cos Inc - 144A 5.000% 02/15/2029 Callable @ 102.500 02/15/2024 |
49,000 |
34,389 |
||
|
Bausch Health Cos Inc - 144A 5.250% 01/30/2030 Callable @ 102.625 01/30/2025 |
126,000 |
87,457 |
||
|
Bausch Health Cos Inc - 144A 5.250% 02/15/2031 Callable @ 102.625 02/15/2026 |
36,000 |
25,020 |
||
|
Bausch Health Cos Inc - 144A 6.250% 02/15/2029 Callable @ 103.125 02/15/2024 |
80,000 |
58,221 |
||
|
Bausch Health Cos Inc - 144A 7.000% 01/15/2028 Callable @ 103.500 01/15/2023 |
55,000 |
45,084 |
||
|
Catalent Pharma Solutions Inc - 144A 3.125% 02/15/2029 Callable @ 101.563 02/15/2024 |
12,000 |
10,413 |
||
|
Centene Corp 4.250% 12/15/2027 Callable @ 102.125 12/15/2022 |
134,000 |
129,468 |
||
|
*Centene Corp 4.625% 12/15/2029 Callable @ 102.313 12/15/2024 |
412,000 |
398,610 |
||
|
CHS/Community Health Systems Inc - 144A 4.750% 02/15/2031 Callable @ 102.375 02/15/2026 |
40,000 |
33,900 |
||
|
CHS/Community Health Systems Inc - 144A 5.250% 05/15/2030 Callable @ 102.625 05/15/2025 |
72,000 |
63,119 |
||
|
CHS/Community Health Systems Inc - 144A 5.625% 03/15/2027 Callable @ 102.813 12/15/2023 |
169,000 |
161,098 |
||
|
CHS/Community Health Systems Inc - 144A 6.000% 01/15/2029 Callable @ 103.000 01/15/2024 |
24,000 |
22,685 |
||
|
CHS/Community Health Systems Inc - 144A 8.000% 03/15/2026 Callable @ 102.000 03/15/2023 |
70,000 |
72,366 |
||
|
CHS/Community Health Systems Inc 6.125% 04/01/2030 Callable @ 103.063 04/01/2025 |
83,000 |
68,268 |
||
|
DaVita Inc - 144A 4.625% 06/01/2030 Callable @ 102.313 06/01/2025 |
161,000 |
140,070 |
||
|
DaVita Inc 3.750% 02/15/2031 Callable @ 101.875 02/15/2026 |
85,000 |
69,275 |
||
|
Emergent BioSolutions Inc - 144A 3.875% 08/15/2028 Callable @ 101.938 08/15/2023 |
57,000 |
48,379 |
||
|
Encompass Health Corp 4.500% 02/01/2028 Callable @ 102.250 02/01/2023 |
149,000 |
137,755 |
||
|
Encompass Health Corp 4.625% 04/01/2031 Callable @ 102.313 04/01/2026 |
35,000 |
30,888 |
||
|
Encompass Health Corp 4.750% 02/01/2030 Callable @ 102.375 02/01/2025 |
35,000 |
31,631 |
||
|
Endo Luxembourg Finance Co I Sarl / Endo US Inc - 144A 6.125% 04/01/2029 Callable @ 104.594 04/01/2024 |
30,000 |
26,250 |
||
|
Enterprise Merger Sub Inc - 144A 8.750% 10/15/2026 Callable @ 102.188 10/15/2022 |
150,000 |
62,250 |
||
|
Global Medical Response Inc - 144A 6.500% 10/01/2025 Callable @ 101.625 10/01/2022 |
50,000 |
48,438 |
||
|
HCA Inc 3.500% 09/01/2030 Callable @ 102.500 03/01/2030 |
85,000 |
76,296 |
||
|
*HCA Inc 5.375% 02/01/2025 |
312,000 |
320,522 |
||
|
HCA Inc 5.375% 09/01/2026 Callable @ 100.000 03/01/2026 |
196,000 |
200,607 |
||
|
HCA Inc 5.625% 09/01/2028 Callable @ 100.000 03/01/2028 |
178,000 |
183,952 |
||
|
*HCA Inc 5.875% 02/15/2026 Callable @ 100.000 08/15/2025 |
310,000 |
320,202 |
||
|
HealthEquity Inc - 144A 4.500% 10/01/2029 Callable @ 102.250 10/01/2024 |
22,000 |
20,103 |
||
|
HealthSouth Corp 5.750% 09/15/2025 Callable @ 100.958 09/15/2022 |
55,000 |
55,963 |
||
|
Hologic Inc - 144A 3.250% 02/15/2029 Callable @ 101.625 09/28/2023 |
137,000 |
122,049 |
||
|
Hologic Inc 4.625% 02/01/2028 Callable @ 102.312 02/01/2023 |
95,000 |
92,921 |
||
|
*IQVIA Inc - 144A 5.000% 10/15/2026 Callable @ 101.667 10/15/2022 |
200,000 |
199,000 |
||
|
*Jazz Securities DAC - 144A 4.375% 01/15/2029 Callable @ 102.188 07/15/2024 |
200,000 |
184,250 |
||
|
(4)Mallinckrodt International Finance SA / Mallinckrodt CB LLC - 144A 5.500% 04/15/2025 Callable @ 100.000 04/15/2023 |
45,000 |
23,625 |
||
|
(4)Mallinckrodt International Finance SA / Mallinckrodt CB LLC - 144A 5.625% 10/15/2023 |
60,000 |
31,500 |
||
|
Mozart Debt Merger Sub Inc - 144A 3.875% 04/01/2029 Callable @ 101.938 10/01/2024 |
183,000 |
159,668 |
||
|
Mozart Debt Merger Sub Inc - 144A 5.250% 10/01/2029 Callable @ 102.625 10/01/2024 |
97,000 |
84,390 |
||
|
Organon Finance 1 LLC - 144A 4.125% 04/30/2028 Callable @ 102.063 04/30/2024 |
200,000 |
185,326 |
||
|
Owens & Minor Inc - 144A 4.500% 03/31/2029 Callable @ 102.250 03/31/2024 |
120,000 |
107,949 |
||
|
Owens & Minor Inc - 144A 6.625% 04/01/2030 Callable @ 103.313 04/01/2025 |
32,000 |
31,438 |
||
|
Par Pharmaceutical Inc - 144A 7.500% 04/01/2027 Callable @ 103.750 04/01/2023 |
75,000 |
68,429 |
||
|
Prestige Brands Inc - 144A 5.125% 01/15/2028 Callable @ 102.563 01/15/2023 |
45,000 |
42,750 |
||
|
Radiology Partners Inc - 144A 9.250% 02/01/2028 Callable @ 104.625 02/01/2023 |
45,000 |
42,750 |
||
|
RP Escrow Issuer LLC - 144A 5.250% 12/15/2025 Callable @ 102.625 12/15/2022 |
22,000 |
20,460 |
||
|
Syneos Health Inc - 144A 3.625% 01/15/2029 Callable @ 101.813 01/15/2024 |
40,000 |
35,386 |
||
|
Tenet Healthcare Corp - 144A 6.250% 02/01/2027 Callable @ 101.563 02/01/2023 |
117,000 |
116,123 |
||
|
Tenet Healthcare Corp 4.250% 06/01/2029 Callable @ 102.125 06/01/2024 |
50,000 |
45,175 |
||
|
Tenet Healthcare Corp 4.625% 06/15/2028 Callable @ 102.313 06/15/2023 |
26,000 |
24,505 |
||
|
Tenet Healthcare Corp 4.625% 07/15/2024 Callable @ 100.000 07/15/2022 |
84,000 |
83,772 |
||
|
Tenet Healthcare Corp 4.875% 01/01/2026 Callable @ 101.219 03/01/2023 |
461,000 |
448,779 |
||
|
Tenet Healthcare Corp 5.125% 11/01/2027 Callable @ 102.563 11/01/2022 |
280,000 |
271,870 |
||
|
Valeant Pharmaceuticals International Inc - 144A 5.500% 11/01/2025 Callable @ 100.000 11/01/2022 |
240,000 |
232,200 |
||
|
*Valeant Pharmaceuticals International Inc - 144A 6.125% 04/15/2025 Callable @ 100.000 04/15/2023 |
259,000 |
259,971 |
||
|
Valeant Pharmaceuticals International Inc - 144A 8.500% 01/31/2027 Callable @ 104.250 07/31/2022 |
99,000 |
93,538 |
||
|
Valeant Pharmaceuticals International Inc - 144A 9.000% 12/15/2025 Callable @ 102.250 12/15/2022 |
404,000 |
405,517 |
||
|
$ |
7,086,926 |
|||
|
Industrials (11.7%) |
||||
|
ACCO Brands Corp - 144A 4.250% 03/15/2029 Callable @ 102.125 03/15/2024 |
165,000 |
143,550 |
||
|
ADT Security Corp/The - 144A 4.125% 08/01/2029 Callable @ 100.000 08/01/2028 |
93,000 |
78,960 |
||
|
ADT Security Corp/The - 144A 4.875% 07/15/2032 |
158,000 |
133,708 |
||
|
Advanced Drainage Systems Inc - 144A 5.000% 09/30/2027 Callable @ 102.500 09/30/2022 |
26,000 |
25,123 |
||
|
Allison Transmission Inc - 144A 3.750% 01/30/2031 Callable @ 101.875 01/30/2026 |
70,000 |
60,550 |
||
|
Allison Transmission Inc - 144A 4.750% 10/01/2027 Callable @ 102.375 10/01/2022 |
66,000 |
63,597 |
||
|
American Airlines Inc/AAdvantage Loyalty IP Ltd - 144A 5.500% 04/20/2026 |
142,084 |
140,841 |
||
|
American Airlines Inc/AAdvantage Loyalty IP Ltd - 144A 5.750% 04/20/2029 |
130,000 |
125,265 |
||
|
APi Escrow Corp - 144A 4.750% 10/15/2029 Callable @ 102.375 10/15/2024 |
37,000 |
33,609 |
||
|
APi Group DE Inc - 144A 4.125% 07/15/2029 Callable @ 102.063 07/15/2024 |
41,000 |
36,593 |
||
|
Arconic Corp - 144A 6.000% 05/15/2025 Callable @ 103.000 05/15/2022 |
63,000 |
63,215 |
||
|
Arconic Rolled Products Corp - 144A 6.125% 02/15/2028 Callable @ 103.063 02/15/2023 |
143,000 |
138,531 |
||
|
ATS Automation Tooling Systems Inc - 144A 4.125% 12/15/2028 Callable @ 102.063 12/15/2023 |
49,000 |
44,340 |
||
|
Avis Budget Car Rental LLC / Avis Budget Finance Inc - 144A 4.750% 04/01/2028 Callable @ 102.375 04/01/2024 |
70,000 |
64,925 |
||
|
Avis Budget Car Rental LLC / Avis Budget Finance Inc - 144A 5.375% 03/01/2029 Callable @ 102.688 03/01/2024 |
153,000 |
143,438 |
||
|
Avis Budget Car Rental LLC / Avis Budget Finance Inc - 144A 5.750% 07/15/2027 Callable @ 102.875 07/15/2022 |
30,000 |
29,402 |
||
|
Avis Budget Car Rental LLC / Avis Budget Finance Inc - 144A 5.750% 07/15/2027 Callable @ 102.875 07/15/2022 |
35,000 |
34,213 |
||
|
Bombardier Inc - 144A 7.125% 06/15/2026 Callable @ 103.563 06/15/2023 |
22,000 |
20,240 |
||
|
Bombardier Inc - 144A 7.500% 03/15/2025 Callable @ 100.000 03/15/2023 |
78,000 |
75,660 |
||
|
Brink's Co/The - 144A 5.500% 07/15/2025 Callable @ 102.750 07/15/2022 |
40,000 |
40,120 |
||
|
Builders FirstSource Inc - 144A 4.250% 02/01/2032 Callable @ 102.125 08/01/2026 |
88,000 |
75,130 |
||
|
BWX Technologies Inc - 144A 4.125% 04/15/2029 Callable @ 102.063 04/15/2024 |
63,000 |
58,275 |
||
|
BWX Technologies Inc - 144A 4.125% 06/30/2028 Callable @ 102.063 06/30/2023 |
29,000 |
26,898 |
||
|
Clean Harbors Inc - 144A 4.875% 07/15/2027 Callable @ 102.438 07/15/2022 |
20,000 |
19,600 |
||
|
CoreCivic Inc 8.250% 04/15/2026 Callable @ 104.125 04/15/2024 |
64,000 |
65,742 |
||
|
CVR Partners LP / CVR Nitrogen Finance Corp - 144A 6.125% 06/15/2028 Callable @ 103.063 06/15/2024 |
52,000 |
50,960 |
||
|
Dun & Bradstreet Corp/The - 144A 5.000% 12/15/2029 Callable @ 102.500 12/15/2024 |
23,000 |
21,390 |
||
|
Dycom Industries Inc - 144A 4.500% 04/15/2029 Callable @ 102.250 04/15/2024 |
90,000 |
82,125 |
||
|
EnPro Industries Inc 5.750% 10/15/2026 Callable @ 102.875 10/15/2022 |
66,000 |
65,907 |
||
|
First Student Bidco Inc / First Transit Parent Inc 4.000% 07/31/2029 Callable @ 102.000 07/31/2024 |
102,000 |
90,854 |
||
|
GFL Environmental Inc - 144A 3.750% 08/01/2025 Callable @ 101.875 08/01/2022 |
34,000 |
32,215 |
||
|
GFL Environmental Inc - 144A 4.000% 08/01/2028 Callable @ 102.000 08/01/2023 |
64,000 |
56,320 |
||
|
GFL Environmental Inc - 144A 4.750% 06/15/2029 Callable @ 102.375 06/08/2024 |
45,000 |
40,838 |
||
|
GFL Environmental Inc - 144A 5.125% 12/15/2026 Callable @ 102.563 12/15/2022 |
70,000 |
68,803 |
||
|
GFL Environmental Inc 4.375% 08/15/2029 Callable @ 102.188 08/15/2024 |
39,000 |
34,601 |
||
|
GPC Merger Sub Inc - 144A 7.125% 08/15/2028 Callable @ 103.563 08/15/2023 |
74,000 |
66,738 |
||
|
Griffon Corp 5.750% 03/01/2028 Callable @ 102.875 03/01/2023 |
115,000 |
102,638 |
||
|
Herc Holdings Inc - 144A 5.500% 07/15/2027 Callable @ 102.750 07/15/2022 |
135,000 |
132,260 |
||
|
HERTZ CORP 5.500% 10/15/2024 |
148,000 |
740 |
||
|
HERTZ CORP 6.000% 01/15/2028 |
20,000 |
1,100 |
||
|
HERTZ CORP 6.250% 10/15/2022 |
25,000 |
125 |
||
|
HERTZ CORP 7.125% 08/01/2026 |
80,000 |
4,400 |
||
|
Hertz Corp/The - 144A 4.625% 12/01/2026 Callable @ 102.313 12/01/2023 |
33,000 |
30,080 |
||
|
Hertz Corp/The - 144A 5.000% 12/01/2029 Callable @ 102.500 12/01/2024 |
70,000 |
61,075 |
||
|
Hertz Corp/The - 144A 6.000% 01/15/2028 Callable @ 103.000 01/15/2023 |
0 |
0 |
||
|
Hertz Corp/The - 144A 7.125% 08/01/2026 Callable @ 103.563 08/01/2022 |
0 |
0 |
||
|
Iron Mountain Inc - 144A 4.875% 09/15/2027 Callable @ 102.438 09/15/2022 |
57,000 |
54,293 |
||
|
Iron Mountain Inc 4.500% 02/15/2031 Callable @ 102.250 02/15/2026 |
44,000 |
37,702 |
||
|
Jeld- 144A Wen Inc - 4.625% 12/15/2025 Callable @ 100.000 12/15/2022 |
75,000 |
70,688 |
||
|
Jeld- 144A Wen Inc - 4.875% 12/15/2027 Callable @ 102.438 12/15/2022 |
20,000 |
18,136 |
||
|
JELD- 144A WEN Inc - 6.250% 05/15/2025 Callable @ 103.124 05/15/2022 |
45,000 |
45,956 |
||
|
Madison IAQ LLC - 144A 4.125% 06/30/2028 Callable @ 102.063 06/30/2024 |
201,000 |
177,127 |
||
|
Madison IAQ LLC - 144A 5.875% 06/30/2029 Callable @ 102.938 06/30/2024 |
70,000 |
57,049 |
||
|
Manitowoc Foodservice Inc 9.500% 02/15/2024 |
30,000 |
30,113 |
||
|
Masonite International Corp - 144A 5.375% 02/01/2028 Callable @ 102.688 02/01/2023 |
70,000 |
67,018 |
||
|
MasTec Inc - 144A 4.500% 08/15/2028 Callable @ 102.250 08/15/2023 |
124,000 |
119,029 |
||
|
Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd - 144A 6.500% 06/20/2027 Callable @ 103.250 06/30/2023 |
105,000 |
107,100 |
||
|
MIWD Holdco II LLC / MIWD Finance Corp - 144A 5.500% 02/01/2030 Callable @ 102.750 02/01/2025 |
24,000 |
20,760 |
||
|
Mueller Water Products Inc 4.000% 06/15/2029 Callable @ 100.000 06/15/2024 |
105,000 |
95,525 |
||
|
NESCO Holdings II Inc - 144A 5.500% 04/15/2029 Callable @ 102.750 04/15/2024 |
41,000 |
38,643 |
||
|
Nielsen Finance LLC / Nielsen Finance Co - 144A 5.625% 10/01/2028 Callable @ 102.813 10/01/2023 |
115,000 |
111,441 |
||
|
PGT Innovations Inc - 144A 4.375% 10/01/2029 Callable @ 102.188 08/01/2024 |
66,000 |
57,910 |
||
|
Pike Corp - 144A 5.500% 09/01/2028 Callable @ 102.750 09/01/2023 |
63,000 |
57,803 |
||
|
Prime Security Services Borrower LLC / Prime Finance Inc - 144A 5.750% 04/15/2026 |
5,000 |
4,794 |
||
|
Prime Security Services Borrower LLC / Prime Finance Inc 3.375% 08/31/2027 Callable @ 100.000 08/31/2026 |
187,000 |
160,070 |
||
|
Ritchie Bros Holdings Inc - 144A 4.750% 12/15/2031 Callable @ 102.375 12/15/2026 |
40,000 |
40,000 |
||
|
Sensata Technologies BV - 144A 4.000% 04/15/2029 Callable @ 102.000 04/15/2024 |
50,000 |
44,573 |
||
|
Sensata Technologies BV - 144A 4.875% 10/15/2023 |
180,000 |
180,459 |
||
|
Sensata Technologies BV - 144A 5.000% 10/01/2025 |
2,000 |
1,985 |
||
|
Sensata Technologies Inc - 144A 3.750% 02/15/2031 Callable @ 101.875 02/15/2026 |
18,000 |
15,220 |
||
|
Spirit AeroSystems Inc - 144A 5.500% 01/15/2025 Callable @ 102.750 10/15/2022 |
25,000 |
24,931 |
||
|
Spirit AeroSystems Inc - 144A 7.500% 04/15/2025 Callable @ 101.875 04/15/2023 |
108,000 |
109,587 |
||
|
SRS Distribution Inc - 144A 4.625% 07/01/2028 Callable @ 102.313 07/01/2024 |
128,000 |
117,185 |
||
|
SRS Distribution Inc - 144A 6.000% 12/01/2029 Callable @ 103.000 12/01/2024 |
60,000 |
52,650 |
||
|
SRS Distribution Inc - 144A 6.125% 07/01/2029 Callable @ 103.063 07/01/2024 |
32,000 |
28,239 |
||
|
Standard Industries Inc/NJ - 144A 3.375% 01/15/2031 Callable @ 101.688 07/15/2025 |
44,000 |
35,141 |
||
|
Standard Industries Inc/NJ - 144A 4.750% 01/15/2028 Callable @ 102.375 01/15/2023 |
177,000 |
162,840 |
||
|
Standard Industries Inc/NJ - 144A 5.000% 02/15/2027 |
85,000 |
80,538 |
||
|
Stericycle Inc - 144A 3.875% 01/15/2029 Callable @ 101.938 11/15/2023 |
105,000 |
92,594 |
||
|
Stevens Holding Co Inc - 144A 6.125% 10/01/2026 Callable @ 101.531 10/01/2023 |
40,000 |
40,400 |
||
|
Terex Corp - 144A 5.000% 05/15/2029 Callable @ 102.500 05/15/2024 |
73,000 |
66,978 |
||
|
TransDigm Inc - 144A 6.250% 03/15/2026 Callable @ 101.563 03/15/2023 |
70,000 |
69,738 |
||
|
TriMas Corp - 144A 4.125% 04/15/2029 Callable @ 102.063 04/15/2024 |
48,000 |
42,960 |
||
|
Triton Water Holdings Inc - 144A 6.250% 04/01/2029 Callable @ 103.125 04/01/2024 |
147,000 |
122,167 |
||
|
Triumph Group Inc - 144A 6.250% 09/15/2024 Callable @ 100.000 09/15/2022 |
10,000 |
9,625 |
||
|
Triumph Group Inc - 144A 8.875% 06/01/2024 Callable @ 104.438 02/01/2023 |
10,000 |
10,350 |
||
|
Triumph Group Inc 7.750% 08/15/2025 Callable @ 101.938 08/15/2022 |
75,000 |
72,938 |
||
|
Uber Technologies Inc - 144A 4.500% 08/15/2029 Callable @ 102.250 08/15/2024 |
84,000 |
72,309 |
||
|
Uber Technologies Inc - 144A 7.500% 09/15/2027 Callable @ 105.625 09/15/2022 |
75,000 |
77,198 |
||
|
United Airlines Inc - 144A 4.375% 04/15/2026 Callable @ 100.000 10/15/2025 |
67,000 |
64,689 |
||
|
United Rentals North America Inc 3.875% 02/15/2031 Callable @ 101.938 08/15/2025 |
35,000 |
30,863 |
||
|
United Rentals North America Inc 4.875% 01/15/2028 Callable @ 102.438 01/15/2023 |
134,000 |
130,390 |
||
|
United Rentals North America Inc 5.500% 05/15/2027 Callable @ 102.750 05/15/2022 |
131,000 |
133,293 |
||
|
VistaJet Malta Finance PLC / XO Management Holding Inc - 144A 6.375% 02/01/2030 Callable @ 103.188 02/01/2025 |
66,000 |
57,750 |
||
|
Wabash National Corp 4.500% 10/15/2028 Callable @ 102.250 10/15/2024 |
53,000 |
44,361 |
||
|
WESCO Distribution Inc - 144A 7.125% 06/15/2025 |
60,000 |
62,325 |
||
|
WESCO Distribution Inc - 144A 7.250% 06/15/2028 Callable @ 103.625 06/15/2023 |
150,000 |
155,955 |
||
|
White Cap Buyer LLC - 144A 6.875% 10/15/2028 Callable @ 103.438 10/15/2023 |
19,000 |
17,409 |
||
|
Wolverine Escrow LLC - 144A 13.125% 11/15/2027 Callable @ 109.844 11/15/2022 |
20,000 |
7,500 |
||
|
Wolverine Escrow LLC - 144A 8.500% 11/15/2024 Callable @ 103.188 11/15/2022 |
5,000 |
2,780 |
||
|
Wolverine Escrow LLC - 144A 9.000% 11/15/2026 Callable @ 106.750 11/15/2022 |
109,000 |
67,702 |
||
|
$ |
6,361,466 |
|||
|
Information Technology (5.9%) |
||||
|
ACI Worldwide Inc - 144A 5.750% 08/15/2026 Callable @ 102.875 08/15/2022 |
64,000 |
64,640 |
||
|
Ahead DB Holdings LLC - 144A 6.625% 05/01/2028 Callable @ 103.313 05/01/2024 |
47,000 |
41,360 |
||
|
Black Knight InfoServ LLC - 144A 3.625% 09/01/2028 Callable @ 101.813 09/01/2023 |
65,000 |
60,284 |
||
|
Booz Allen Hamilton Inc - 144A 3.875% 09/01/2028 Callable @ 101.938 09/01/2023 |
89,000 |
81,983 |
||
|
Booz Allen Hamilton Inc - 144A 4.000% 07/01/2029 Callable @ 102.000 07/01/2024 |
52,000 |
47,964 |
||
|
CDK Global Inc - 144A 5.250% 05/15/2029 Callable @ 102.625 05/15/2024 |
55,000 |
55,435 |
||
|
CDW LLC / CDW Finance Corp 3.250% 02/15/2029 Callable @ 101.625 02/15/2023 |
34,000 |
29,920 |
||
|
CDW LLC / CDW Finance Corp 4.250% 04/01/2028 Callable @ 102.125 10/01/2022 |
60,000 |
56,150 |
||
|
Clarivate Science Holdings Corp - 144A 3.875% 06/30/2028 Callable @ 101.938 06/30/2024 |
40,000 |
35,600 |
||
|
Clarivate Science Holdings Corp - 144A 4.875% 06/30/2029 Callable @ 102.438 06/30/2024 |
74,000 |
65,215 |
||
|
CommScope Finance LLC - 144A 6.000% 03/01/2026 Callable @ 101.500 03/01/2023 |
151,000 |
142,423 |
||
|
CommScope Finance LLC - 144A 8.250% 03/01/2027 Callable @ 102.063 03/01/2023 |
170,000 |
146,200 |
||
|
CommScope Inc - 144A 4.750% 09/01/2029 Callable @ 102.375 09/01/2024 |
93,000 |
77,756 |
||
|
CommScope Technologies Finance LLC - 144A 6.000% 06/15/2025 Callable @ 101.000 06/15/2022 |
103,000 |
89,610 |
||
|
Conduent Business Services LLC / Conduent State & Local Solutions Inc - 144A 6.000% 11/01/2029 Callable @ 103.000 11/01/2024 |
90,000 |
82,800 |
||
|
Diebold Nixdorf Inc - 144A 9.375% 07/15/2025 Callable @ 104.688 07/15/2022 |
33,000 |
28,892 |
||
|
Entegris Escrow Corp - 144A 4.750% 04/15/2029 Callable @ 100.000 01/15/2029 |
76,000 |
73,246 |
||
|
Entegris Inc - 144A 3.625% 05/01/2029 Callable @ 102.719 05/01/2024 |
64,000 |
56,302 |
||
|
Entegris Inc - 144A 4.375% 04/15/2028 Callable @ 102.188 04/15/2023 |
56,000 |
51,940 |
||
|
Gartner Inc - 144A 3.625% 06/15/2029 Callable @ 101.813 06/15/2024 |
15,000 |
13,425 |
||
|
Gartner Inc - 144A 4.500% 07/01/2028 Callable @ 102.250 07/01/2023 |
205,000 |
196,475 |
||
|
II- 144A VI Inc - 5.000% 12/15/2029 Callable @ 102.500 12/14/2024 |
76,000 |
71,250 |
||
|
Imola Merger Corp - 144A 4.750% 05/15/2029 Callable @ 102.375 05/15/2024 |
304,000 |
282,720 |
||
|
Microchip Technology Inc 4.250% 09/01/2025 |
22,000 |
21,828 |
||
|
Minerva Merger Sub Inc - 144A 6.500% 02/15/2030 Callable @ 103.250 02/15/2025 |
35,000 |
32,226 |
||
|
NCR Corp - 144A 5.000% 10/01/2028 Callable @ 102.500 10/01/2023 |
35,000 |
32,307 |
||
|
NCR Corp - 144A 5.125% 04/15/2029 Callable @ 102.563 04/15/2024 |
115,000 |
110,256 |
||
|
NCR Corp - 144A 5.750% 09/01/2027 Callable @ 102.875 09/01/2022 |
108,000 |
103,950 |
||
|
NCR Corp - 144A 6.125% 09/01/2029 Callable @ 103.063 09/01/2024 |
80,000 |
76,600 |
||
|
ON Semiconductor Corp - 144A 3.875% 09/01/2028 Callable @ 101.938 09/01/2023 |
118,000 |
109,445 |
||
|
Plantronics Inc - 144A 4.750% 03/01/2029 Callable @ 102.375 03/01/2024 |
130,000 |
132,113 |
||
|
Presidio Holdings Inc - 144A 4.875% 02/01/2027 Callable @ 102.438 02/01/2023 |
40,000 |
37,959 |
||
|
Sabre GLBL Inc - 144A 7.375% 09/01/2025 Callable @ 103.688 09/01/2022 |
35,000 |
35,350 |
||
|
Sabre GLBL Inc - 144A 9.250% 04/15/2025 |
25,000 |
26,663 |
||
|
Sinclair Television Group Inc - 144A 5.125% 02/15/2027 Callable @ 101.708 08/15/2022 |
20,000 |
17,521 |
||
|
Square Inc 2.750% 06/01/2026 Callable @ 100.000 05/01/2026 |
75,000 |
68,402 |
||
|
Square Inc 3.500% 06/01/2031 Callable @ 100.000 03/01/2031 |
75,000 |
62,813 |
||
|
SS&C Technologies Inc - 144A 5.500% 09/30/2027 Callable @ 102.750 03/30/2023 |
200,000 |
196,008 |
||
|
Switch Ltd - 144A 4.125% 06/15/2029 Callable @ 102.063 06/15/2024 |
23,000 |
21,965 |
||
|
Synaptics Inc 4.000% 06/15/2029 Callable @ 102.000 06/15/2024 |
22,000 |
19,396 |
||
|
Twilio Inc 3.625% 03/15/2029 |
20,000 |
17,649 |
||
|
Twilio Inc 3.875% 03/15/2031 |
20,000 |
17,189 |
||
|
Vertical US Newco Inc 5.250% 07/15/2027 Callable @ 102.625 07/15/2023 |
200,000 |
187,364 |
||
|
ZoomInfo Technologies LLC/ZoomInfo Finance Corp - 144A 3.875% 02/01/2029 Callable @ 101.938 02/01/2024 |
52,000 |
46,020 |
||
|
$ |
3,224,613 |
|||
|
Materials (6.2%) |
||||
|
Allegheny Technologies Inc 4.875% 10/01/2029 Callable @ 102.438 10/01/2024 |
30,000 |
27,297 |
||
|
Allegheny Technologies Inc 5.125% 10/01/2031 Callable @ 102.563 10/01/2026 |
23,000 |
20,776 |
||
|
Allegheny Technologies Inc 5.875% 12/01/2027 Callable @ 102.938 12/01/2022 |
66,000 |
63,690 |
||
|
Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc - 144A 5.250% 08/15/2027 Callable @ 102.625 08/15/2022 |
200,000 |
170,758 |
||
|
Axalta Coating Systems LLC / Axalta Coating Systems Dutch Holding B BV 4.750% 06/15/2027 Callable @ 102.375 06/15/2023 |
150,000 |
142,500 |
||
|
Berry Global Escrow Corp - 144A 4.875% 07/15/2026 Callable @ 102.438 07/15/2022 |
90,000 |
89,447 |
||
|
Berry Global Inc 4.500% 02/15/2026 Callable @ 100.000 02/15/2023 |
15,000 |
14,756 |
||
|
Big River Steel LLC / BRS Finance Corp - 144A 6.625% 01/31/2029 Callable @ 103.313 09/15/2023 |
77,000 |
78,733 |
||
|
Boise Cascade Co - 144A 4.875% 07/01/2030 Callable @ 102.438 07/01/2025 |
10,000 |
9,405 |
||
|
BWAY Holding Co - 144A 5.500% 04/15/2024 |
225,000 |
219,488 |
||
|
Carpenter Technology Corp 6.375% 07/15/2028 Callable @ 103.188 07/15/2023 |
50,000 |
49,818 |
||
|
Carpenter Technology Corp 7.625% 03/15/2030 Callable @ 103.813 03/15/2025 |
17,000 |
17,310 |
||
|
Chemours Co/The - 144A 4.625% 11/15/2029 Callable @ 102.313 11/15/2024 |
10,000 |
8,663 |
||
|
Chemours Co/The - 144A 5.750% 11/15/2028 Callable @ 102.875 11/15/2023 |
163,000 |
152,813 |
||
|
Cleveland- 144A Cliffs Inc - 4.625% 03/01/2029 Callable @ 102.313 03/01/2024 |
40,000 |
37,492 |
||
|
Cleveland- 144A Cliffs Inc - 4.875% 03/01/2031 Callable @ 102.438 03/01/2026 |
29,000 |
26,898 |
||
|
Element Solutions Inc - 144A 3.875% 09/01/2028 Callable @ 101.938 09/01/2023 |
100,000 |
89,375 |
||
|
Freeport McMoRan Inc 4.125% 03/01/2028 Callable @ 102.063 03/01/2023 |
41,000 |
39,616 |
||
|
Freeport McMoRan Inc 4.375% 08/01/2028 Callable @ 102.188 08/01/2023 |
37,000 |
35,825 |
||
|
Freeport McMoRan Inc 5.450% 03/15/2043 Callable @ 100.000 09/15/2042 |
15,000 |
14,993 |
||
|
GCP Applied Technologies Inc - 144A 5.500% 04/15/2026 Callable @ 100.000 04/15/2023 |
140,000 |
141,225 |
||
|
Glatfelter Corp - 144A 4.750% 11/15/2029 Callable @ 102.375 11/01/2024 |
42,000 |
33,600 |
||
|
Kaiser Aluminum Corp - 144A 4.500% 06/01/2031 Callable @ 102.250 06/01/2026 |
30,000 |
25,875 |
||
|
Kaiser Aluminum Corp - 144A 4.625% 03/01/2028 Callable @ 102.313 03/01/2023 |
25,000 |
22,938 |
||
|
LABL Escrow Issuer LLC - 144A 10.500% 07/15/2027 Callable @ 105.250 07/15/2022 |
55,000 |
53,075 |
||
|
LABL Escrow Issuer LLC - 144A 6.750% 07/15/2026 Callable @ 103.375 07/15/2022 |
120,000 |
115,465 |
||
|
Mauser Packaging Solutions Holding Co - 144A 7.250% 04/15/2025 |
90,000 |
85,500 |
||
|
NOVA Chemicals Corp - 144A 4.250% 05/15/2029 Callable @ 102.125 05/15/2024 |
106,000 |
91,690 |
||
|
NOVA Chemicals Corp - 144A 4.875% 06/01/2024 Callable @ 100.000 03/03/2024 |
30,000 |
29,588 |
||
|
NOVA Chemicals Corp - 144A 5.250% 06/01/2027 Callable @ 100.000 03/03/2027 |
145,000 |
138,113 |
||
|
Novelis Corp - 144A 3.250% 11/15/2026 Callable @ 101.625 11/15/2023 |
43,000 |
39,235 |
||
|
Novelis Corp - 144A 3.875% 08/15/2031 Callable @ 101.938 08/15/2026 |
22,000 |
18,865 |
||
|
Novelis Corp - 144A 4.750% 01/30/2030 Callable @ 102.375 01/30/2025 |
45,000 |
41,388 |
||
|
Owens- 144A Brockway Glass Container Inc - 6.625% 05/13/2027 |
58,000 |
57,130 |
||
|
Rain CII Carbon LLC / CII Carbon Corp - 144A 7.250% 04/01/2025 Callable @ 100.000 04/01/2023 |
75,000 |
72,188 |
||
|
^+(1)(4)Reichhold Industries Inc - 144A .000% 05/08/2040 |
97,425 |
0 |
||
|
Scotts Miracle Gro Co/The 4.000% 04/01/2031 Callable @ 102.000 04/01/2026 |
101,000 |
83,073 |
||
|
Scotts Miracle Gro Co/The 4.375% 02/01/2032 Callable @ 102.188 08/01/2026 |
56,000 |
46,760 |
||
|
Scotts Miracle Gro Co/The 4.500% 10/15/2029 Callable @ 102.250 10/15/2024 |
14,000 |
12,285 |
||
|
Scotts Miracle Gro Co/The 5.250% 12/15/2026 Callable @ 101.750 12/15/2022 |
135,000 |
133,650 |
||
|
Summit Materials LLC / Summit Materials Finance Corp - 144A 5.250% 01/15/2029 Callable @ 102.650 07/15/2023 |
49,000 |
45,938 |
||
|
Summit Midstream Holdings LLC / Summit Midstream Finance Corp - 144A 8.500% 10/15/2026 Callable @ 104.250 10/15/2023 |
37,000 |
34,544 |
||
|
Trinseo Materials Operating SCA / Trinseo Materials Finance Inc - 144A 5.125% 04/01/2029 Callable @ 102.563 04/01/2024 |
146,000 |
128,480 |
||
|
Trinseo Materials Operating SCA / Trinseo Materials Finance Inc - 144A 5.375% 09/01/2025 Callable @ 100.896 09/01/2022 |
120,000 |
115,800 |
||
|
Trivium Packaging Finance BV - 144A 5.500% 08/15/2026 Callable @ 102.750 08/15/2022 |
200,000 |
193,250 |
||
|
United States Steel Corp 6.875% 03/01/2029 Callable @ 103.438 03/01/2024 |
47,000 |
47,824 |
||
|
Valvoline Inc - 144A 4.250% 02/15/2030 Callable @ 102.125 02/15/2025 |
35,000 |
30,363 |
||
|
Venator Finance S.a r.l. / Venator Materials Corp - 144A 5.750% 07/15/2025 Callable @ 101.438 07/15/2022 |
50,000 |
41,000 |
||
|
Venator Finance Sarl / Venator Materials LLC - 144A 9.500% 07/01/2025 Callable @ 107.125 07/01/2022 |
40,000 |
41,650 |
||
|
WR Grace & Co Conn 4.875% 06/15/2027 Callable @ 102.438 06/15/2023 |
109,000 |
102,482 |
||
|
WR Grace & Co Conn 5.625% 10/01/2024 |
10,000 |
10,025 |
||
|
WR Grace Holdings LLC - 144A 5.625% 08/15/2029 Callable @ 102.813 08/15/2024 |
28,000 |
23,853 |
||
|
$ |
3,366,499 |
|||
|
Real Estate (0.6%) |
||||
|
GEO Group Inc/The 5.875% 10/15/2024 Callable @ 100.000 10/15/2022 |
55,000 |
48,950 |
||
|
Iron Mountain Inc - 144A 5.250% 07/15/2030 Callable @ 102.625 07/15/2025 |
70,000 |
64,158 |
||
|
Kennedy Wilson Inc 4.750% 03/01/2029 Callable @ 102.375 03/01/2024 |
20,000 |
18,450 |
||
|
Kennedy Wilson Inc 5.000% 03/01/2031 Callable @ 102.500 03/01/2026 |
20,000 |
18,051 |
||
|
MGM Growth Properties Operating Partnership LP / MGP Finance Co Issuer Inc 5.750% 02/01/2027 Callable @ 100.000 11/01/2026 |
44,000 |
45,320 |
||
|
Outfront Media Capital LLC / Outfront Media Capital Corp - 144A 5.000% 08/15/2027 Callable @ 102.500 08/15/2022 |
40,000 |
38,050 |
||
|
RHP Hotel Properties LP / RHP Finance Corp - 144A 4.500% 02/15/2029 Callable @ 102.250 02/15/2024 |
108,000 |
97,575 |
||
|
$ |
330,553 |
|||
|
Utilities (1.2%) |
||||
|
AmeriGas Partners LP / AmeriGas Finance Corp 5.500% 05/20/2025 Callable @ 100.000 02/20/2025 |
40,000 |
39,401 |
||
|
AmeriGas Partners LP / AmeriGas Finance Corp 5.875% 08/20/2026 Callable @ 100.000 05/20/2026 |
70,000 |
69,133 |
||
|
Calpine Corp - 144A 4.625% 02/01/2029 Callable @ 102.313 02/01/2024 |
64,000 |
55,840 |
||
|
Calpine Corp - 144A 5.000% 02/01/2031 Callable @ 102.500 02/01/2026 |
30,000 |
25,582 |
||
|
Calpine Corp - 144A 5.250% 06/01/2026 Callable @ 101.750 06/01/2022 |
7,000 |
6,913 |
||
|
NRG Energy Inc - 144A 3.375% 02/15/2029 Callable @ 101.688 02/15/2024 |
33,000 |
27,968 |
||
|
NRG Energy Inc - 144A 3.625% 02/15/2031 Callable @ 101.813 02/15/2026 |
18,000 |
14,985 |
||
|
NRG Energy Inc 6.625% 01/15/2027 Callable @ 102.208 07/15/2022 |
9,000 |
9,113 |
||
|
PG&E Corp 5.000% 07/01/2028 Callable @ 102.500 07/01/2023 |
40,000 |
36,750 |
||
|
PG&E Corp 5.250% 07/01/2030 Callable @ 102.625 07/01/2025 |
10,000 |
9,119 |
||
|
(2) VISTRA CORP - 144A 7.000% 12/15/2026 Callable @ 100.000 12/15/2026 |
70,000 |
68,075 |
||
|
Vistra Operations Co LLC - 144A 4.375% 05/01/2029 Callable @ 102.188 05/01/2024 |
27,000 |
24,502 |
||
|
Vistra Operations Co LLC - 144A 5.000% 07/31/2027 Callable @ 102.500 07/31/2022 |
75,000 |
71,438 |
||
|
Vistra Operations Co LLC - 144A 5.625% 02/15/2027 Callable @ 101.406 02/15/2023 |
197,000 |
194,045 |
||
|
$ |
652,863 |
|||
|
TOTAL CORPORATE BONDS (COST: $55,026,563) |
$ |
50,785,225 |
||
|
COMMON STOCKS (2.4%) |
||||
|
Communication Services (0.5%) |
Shares |
|||
|
Frontier Communications Parent Inc |
3,802 |
100,335 |
||
|
(3)iHeartMedia Inc |
1,902 |
30,413 |
||
|
+^(3)INTELSAT EMERGENCE SA |
3,881 |
121,281 |
||
|
$ |
252,029 |
|||
|
Consumer Discretionary (0.8%) |
||||
|
(3)Clear Channel Outdoor Holdings Inc |
4,640 |
11,414 |
||
|
NMG Parent LLC |
240 |
44,401 |
||
|
+^(3)MyTheresa Series B Common Shares |
21,320 |
22,940 |
||
|
+^(3)CLAIRE'S STORES |
58 |
19,575 |
||
|
VICI Properties, Inc |
11,632 |
346,750 |
||
|
$ |
445,080 |
|||
|
Energy (0.5%) |
||||
|
^EP Energy Corp |
2,035 |
14,754 |
||
|
HALCON RESOURCES |
88 |
1,658 |
||
|
Oasis Petroleum Inc |
1,746 |
231,624 |
||
|
Whiting Petroleum Corp |
591 |
43,173 |
||
|
$ |
291,209 |
|||
|
Health Care (0.0%) |
||||
|
+^(3)International Oncology Care Inc |
1,633 |
$ |
18,796 |
|
|
Material (0.6%) |
||||
|
+^(3)Reichhold Cayman |
162 |
$ |
312,984 |
|
|
TOTAL COMMON STOCK (COST: $1,224,405) |
$ |
1,320,098 |
||
|
CONVERTIBLE PREFERRED STOCKS (0.3%) |
||||
|
Consumer Discretionary (0.3%) |
Shares |
|||
|
+^CLAIRE'S CONVERTIBLE PREFERRED EQUITY |
38 |
97,850 |
||
|
+^MYT HOLDING CO |
53,840 |
|
58,955 |
|
|
|
156,805 |
|||
|
TOTAL CONVERTIBLE PREFERRED STOCK (COST: $75,999) |
$ |
156,805 |
||
|
WARRANTS (0.0%) |
||||
|
Communication Services (0.0%) |
Shares |
|||
|
+^(3)INTELSAT JACKSON HOLDINGS SA SERIES A |
405 |
4 |
||
|
+^(3)INTELSAT JACKSON HOLDINGS SA SERIES B |
405 |
|
4 |
|
|
$ |
8 |
|||
|
Consumer Discretionary (0.0%) |
||||
|
+^(3)NMG Warrants |
690 |
$ |
14,835 |
|
|
Energy (0.0%) |
||||
|
^Chesapeake Energy Corp |
14 |
$ |
749 |
|
|
TOTAL WARRANTS (COST: $1,797) |
$ |
15,592 |
||
|
TOTAL INVESTMENTS IN SECURITIES (COST: $56,328,763) (95.9%) |
$ |
52,277,720 |
||
|
OTHER ASSETS LESS LIABILITIES (4.1%) |
$ |
2,256,691 |
||
|
NET ASSETS (100%) |
$ |
54,534,411 |
||
|
(1) Interest or dividend is paid-in-kind, when applicable. Rate paid in-kind is shown in parenthesis. |
||||
|
(2) Security is perpetual and thus, does not have a predetermined maturity date. The coupon rate for this security is fixed for a period of time and may be structured to adjust thereafter. The date shown, if applicable, reflects the next call date. The coupon rate shown is the rate in effect as of April 29, 2022. |
||||
|
(3) Non-income producing security. |
||||
|
(4) Issue is in default. |
||||
|
+ The level 3 assets were a result of unavailable quoted prices from and active market or the unavailability of other significant observable inputs. See Note 3. |
||||
|
*Indicates all or a portion of bonds are segregated by the custodian to cover when-issued or delayed-delivery purchases when they occur. |
||||
|
^ Deemed by management to be illiquid security. See Note 2. TotalFair Value of illiquid securities amount to $727,128, representing 1.3% of net assets as of April 29, 2022. |
||||
|
#When-issued purchase as of April 29, 2022. |
||||
|
144A - Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities are deemed to be liquid under procedures approved by the Fund’s Board of Trustees and may normally be sold to qualified institutional buyers in transactions exempt from registration. TotalFair Value of Rule 144A Securities amounts to $34,204,209, representing 63% of net assets as of April 29, 2022. |
||||
|
PLC - Public Limited Company |
||||
|
LIBOR - London InterBank Offered Rate |
||||
|
INTEGRITY MID-NORTH AMERICAN RESOURCES FUND |
||||
|
Schedule of Investments April 29, 2022 (unaudited) |
||||
|
Shares |
|
Fair Value |
||
|
COMMON STOCKS (98.0%) |
||||
|
Energy (78.3%) |
||||
|
*Archaea Energy Inc |
108,000 |
$ |
2,376,000 |
|
|
Archrock Inc |
30,000 |
261,300 |
||
|
Baker Hughes a GE Co |
170,000 |
5,273,400 |
||
|
COTERRA ENERGY INC |
100,000 |
2,879,000 |
||
|
Cactus Inc |
130,000 |
6,490,900 |
||
|
ChampionX Corp |
271,000 |
5,718,100 |
||
|
Cheniere Energy Inc |
57,000 |
7,741,170 |
||
|
ConocoPhillips |
26,000 |
2,483,520 |
||
|
DMC Global Inc |
30,000 |
599,700 |
||
|
Devon Energy Corp |
203,000 |
11,808,510 |
||
|
Diamondback Energy Inc |
46,000 |
5,806,580 |
||
|
Enbridge Inc |
109,000 |
4,756,760 |
||
|
Exxon Mobil Corp |
73,000 |
6,223,250 |
||
|
HollyFrontier Corp |
46,000 |
1,748,920 |
||
|
Halliburton Co |
60,000 |
2,137,200 |
||
|
Marathon Oil Corp |
190,000 |
4,734,800 |
||
|
New Fortress Energy Inc |
75,000 |
2,908,500 |
||
|
*NexTier Oilfield Solutions Inc |
280,000 |
3,088,400 |
||
|
Patterson UTI Energy Inc |
130,000 |
2,137,200 |
||
|
Pembina Pipeline Corp |
40,000 |
1,514,000 |
||
|
Phillips 66 |
76,000 |
6,593,760 |
||
|
Pioneer Natural Resources Co |
25,000 |
5,811,750 |
||
|
*ProPetro Holding Corp |
180,000 |
2,545,200 |
||
|
Solaris Oilfield Infrastructure Inc |
220,000 |
2,475,000 |
||
|
TC ENERGY CORP |
26,000 |
1,375,400 |
||
|
Valero Energy Corp |
58,000 |
6,465,840 |
||
|
*National Energy Services Reunited Corp |
150,000 |
1,003,500 |
||
|
|
106,957,660 |
|||
|
Industrials (5.4%) |
||||
|
*Array Technologies Inc |
145,000 |
946,850 |
||
|
*Bloom Energy Corp |
35,000 |
649,600 |
||
|
Generac Holdings Inc |
5,000 |
1,096,900 |
||
|
*Plug Power Inc |
28,000 |
588,560 |
||
|
Quanta Services Inc |
18,000 |
2,087,640 |
||
|
*Shoals Technologies Group Inc |
36,000 |
359,280 |
||
|
*Sunrun Inc |
85,000 |
|
1,698,300 |
|
|
|
7,427,130 |
|||
|
Consumer Staples (1.2%) |
||||
|
*Darling Ingredients Inc |
23,000 |
|
1,687,970 |
|
|
Information Technologies (2.5%) |
||||
|
*Enphase Energy Inc |
12,000 |
1,936,800 |
||
|
*SolarEdge Technologies Inc |
5,800 |
1,452,378 |
||
|
|
3,389,178 |
|||
|
Materials (4.7%) |
||||
|
Celanese Corp |
9,000 |
1,322,460 |
||
|
Huntsman Corp |
30,000 |
1,016,100 |
||
|
Olin Corp |
70,000 |
4,018,000 |
||
|
|
6,356,560 |
|||
|
Utilities (5.9%) |
||||
|
Ameren Corp |
20,000 |
1,858,000 |
||
|
CenterPoint Energy Inc |
50,000 |
1,530,500 |
||
|
NextEra Energy Inc |
36,000 |
2,556,720 |
||
|
*Sunnova Energy International Inc |
122,000 |
2,106,940 |
||
|
|
8,052,160 |
|||
|
TOTAL COMMON STOCKS (COST: $97,757,447) |
$ |
133,870,658 |
||
|
OTHER ASSETS AND LIABILITIES (2.0%) |
$ |
2,741,315 |
||
|
NET ASSETS (100.0%) |
$ |
136,611,973 |
||
|
* Non-income producing
|
||||
|
INTEGRITY SHORT TERM GOVERNMENT FUND |
||||
|
Schedule of Investments April 29, 2022 (unaudited) |
||||
|
Shares |
|
Fair Value |
||
|
MORTGAGE BACKED SECURITIES (76.8%) |
||||
|
Fannie Mae Pool (26.0%) |
||||
|
FN CA6065 3% 6/1/2050 |
$ |
147,041 |
$ |
137,219 |
|
FN MA4076 3% 7/1/2035 |
224,784 |
221,197 |
||
|
FN CB0573 2.5% 5/1/2046 |
281,491 |
259,253 |
||
|
FN BP8780 3% 7/1/2050 |
268,550 |
255,405 |
||
|
FN MA3986 3.5% 4/1/2035 |
147,624 |
148,304 |
||
|
FN MA3071 4% 7/1/2037 |
85,406 |
86,234 |
||
|
FN FM2209 3.5% 1/1/2035 |
81,018 |
81,982 |
||
|
FN BM3428 3.5% 1/1/2033 |
61,897 |
62,112 |
||
|
FN BM1257 2.5% 4/1/2037 |
193,623 |
180,621 |
||
|
FN BO4501 3% 9/1/2049 |
186,448 |
176,540 |
||
|
FN 745751 5.5% 9/1/2035 |
18,890 |
20,096 |
||
|
FN BM1231 3.5% 11/1/2031 |
164,029 |
164,552 |
||
|
FN FM1487 4% 9/1/2039 |
31,535 |
31,664 |
||
|
FN 888073 5.5% 2/1/2035 |
13,993 |
14,875 |
||
|
FN 995865 4.5% 7/1/2024 |
13,213 |
13,458 |
||
|
FN 47935 4.864% 5/1/2027, (11th District Cost of Funds Index + 1.250%), 05/01/2027 (a) |
617 |
628 |
||
|
FN 252284 6.5% 1/1/2029 |
38,476 |
40,632 |
||
|
FN AS5093 2.5% 6/1/2030 |
354,446 |
347,823 |
||
|
FN AL7654 3% 9/1/2035 |
118,742 |
113,659 |
||
|
FN MA3928 2.5% 2/1/2030 |
323,395 |
313,782 |
||
|
FN 555326 5.5% 4/1/2033 |
84,944 |
91,445 |
||
|
FN AL5259 3.5% 5/1/2029 |
118,728 |
119,186 |
||
|
FN AL9858 3% 3/1/2030 |
117,900 |
117,386 |
||
|
FN MA4094 2.5% 8/1/2040 |
234,154 |
214,706 |
||
|
FN 748375 1.464% 8/1/2033 |
662 |
664 |
||
|
FN FS0600 3% 2/1/2050 |
134,650 |
128,823 |
||
|
FN AS8185 3% 10/1/2046 |
132,538 |
127,011 |
||
|
FN MA3067 3.5% 7/1/2047 |
125,442 |
120,571 |
||
|
FN MA3101 4.5% 8/1/2047 |
89,599 |
92,120 |
||
|
FN MA4054 2.5% 6/1/2040 |
201,923 |
187,868 |
||
|
FN MA4400 3% 8/1/2051 |
258,204 |
244,627 |
||
|
FN BJ0664 3% 3/1/2033 |
98,291 |
97,209 |
||
|
FN MA3725 3.5% 7/1/2049 |
46,191 |
44,148 |
||
|
FN MA2561 3% 3/1/2031 |
315,944 |
314,640 |
||
|
FN CA5979 3% 5/1/2050 |
85,603 |
80,043 |
||
|
FN MA4549 3% 2/1/2052 |
471,648 |
445,701 |
||
|
FN BP6466 3% 7/1/2050 |
198,176 |
187,861 |
||
|
FN MA3689 4% 5/1/2029 |
112,225 |
114,764 |
||
|
FN CA1939 4% 6/1/2028 |
167,061 |
170,318 |
||
|
FN AS9698 3.5% 5/1/2032 |
238,225 |
239,888 |
||
|
FN BM1244 3.5% 6/1/2032 |
161,052 |
162,186 |
||
|
FN MA4316 2.5% 4/1/2036 |
400,217 |
384,762 |
||
|
FN FM6742 3% 8/1/2040 |
186,081 |
178,474 |
||
|
FN MA4043 3% 6/1/2035 |
148,471 |
146,284 |
||
|
|
6,680,720 |
|||
|
Fannie Mae or Freddie Mac (1.0%) |
||||
|
FNCI 3 5/22 3% 3/25/2037 |
250,000 |
245,177 |
||
|
Fannie Mae Remics (2.2%) |
||||
|
FNR 2007-54 EF 1.34571% 6/25/2037 |
555,092 |
553,413 |
||
|
Fannie Mae-Aces (2.1%) |
||||
|
FNA 2020-M10 X6 1.499064% 8/25/2028 (b)(c) |
3,548,037 |
261,089 |
||
|
FNA 2019-M32 X2 1.22046% 10/25/2029 (b)(c) |
4,272,055 |
272,203 |
||
|
|
533,292 |
|||
|
FHLMC-GNMA (0.1%) |
||||
|
FHG 23 FC 1.45571% 11/25/2023, (1 Month LIBOR USD + 0.450%), 11/25/2023 (a) |
12,591 |
12,597 |
||
|
|
|
|||
|
Freddie Mac Pool (10.4%) |
||||
|
FR QN5456 2% 3/1/2036 |
378,366 |
355,239 |
||
|
FR RC1890 2% 3/1/2036 |
251,238 |
236,184 |
||
|
FR ZA5250 4% 1/1/2048 |
265,513 |
266,717 |
||
|
FR RA5255 3.5% 5/1/2051 |
199,036 |
193,591 |
||
|
FR SD8184 3% 12/1/2051 |
298,977 |
283,062 |
||
|
FR ZS8670 3.5% 9/1/2032 |
182,882 |
184,158 |
||
|
FR ZS8598 3% 2/1/2031 |
168,701 |
168,004 |
||
|
FR ZS8686 3% 2/1/2033 |
117,274 |
116,068 |
||
|
FR RC2167 2% 7/1/2036 |
286,694 |
269,140 |
||
|
FR SB8099 2.5% 4/1/2036 |
347,606 |
333,776 |
||
|
FR ZS8087 2.5% 4/1/2033 |
204,443 |
199,635 |
||
|
FR ZT1348 3.5% 10/1/2038 |
76,441 |
75,157 |
||
|
|
2,680,732 |
|||
|
Freddie Mac Gold Pool (7.5%) |
||||
|
FG G18605 3% 6/1/2031 |
127,872 |
127,445 |
||
|
FG G16502 3.5% 5/1/2033 |
140,233 |
141,334 |
||
|
FG NB0014 3.5% 4/1/2049 |
290,503 |
283,989 |
||
|
FG H09207 6.5% 8/1/2038 |
9,784 |
10,289 |
||
|
FG G18524 3% 9/1/2029 |
147,614 |
147,122 |
||
|
FG G18655 3% 8/1/2032 |
197,464 |
196,432 |
||
|
FG G01584 5% 8/1/2033 |
34,668 |
36,945 |
||
|
FG G13390 6% 1/1/2024 |
1,296 |
1,312 |
||
|
FG G13610 5.5% 2/1/2024 |
2,197 |
2,222 |
||
|
FG G13692 5.5% 2/1/2024 |
1,071 |
1,083 |
||
|
FG G14160 6% 1/1/2024 |
85 |
86 |
||
|
FG G14441 4% 3/1/2027 |
84,171 |
85,950 |
||
|
FG G16406 3% 1/1/2028 |
78,580 |
77,304 |
||
|
FG G18601 3% 5/1/2031 |
191,155 |
190,515 |
||
|
FG C91993 3.5% 5/1/2038 |
150,122 |
147,273 |
||
|
FG G18596 3% 4/1/2031 |
483,559 |
480,761 |
||
|
|
1,930,062 |
|||
|
Freddie Mac Multifamily Structured Pass Through Certificates (5.6%) |
||||
|
FHMS K111 X1 1.571214% 5/25/2030 (b)(c) |
3,069,018 |
312,233 |
||
|
FHMS K736 X1 1.306556% 7/25/2026 (b)(c) |
6,380,521 |
273,801 |
||
|
FHMS K742 X1 0.778992% 3/25/2028 (b)(c) |
2,499,141 |
84,618 |
||
|
FHMS KJ28 A1 1.766% 2/25/2025 |
206,280 |
203,111 |
||
|
FHMS K724 X1 0.269009% 11/25/2023 (b)(c) |
4,244,424 |
14,117 |
||
|
FHMS Q004 A2H 2.802061% 1/25/2046 (b) |
142,196 |
141,985 |
||
|
FHMS Q007 APT1 3.048318% 10/25/2047 (b) |
48,849 |
48,999 |
||
|
FHMS KJ27 A1 2.092% 7/25/2024 |
28,042 |
27,985 |
||
|
FHMS K078 XAM 0.008069% 6/25/2028 (b)(c) |
33,580,000 |
129,887 |
||
|
FHMS Q016 XPT1 0.981% 5/25/2026 (b) |
3,197,802 |
87,108 |
||
|
FHMS K738 X1 1.514265% 1/25/2027 (b)(c) |
1,895,738 |
111,418 |
||
|
|
1,435,263 |
|||
|
Freddie Mac REMICS (0.5%) |
||||
|
FHR 4824 KQ 4% 6/15/2046 |
63,534 |
64,311 |
||
|
FHR 4818 BD 3.5% 3/15/2045 |
37,227 |
37,403 |
||
|
FHR 2344 ZD 6.5% 8/15/2031 |
10,410 |
11,232 |
||
|
FHR 3784 PD 4% 1/15/2026 |
5,059 |
5,095 |
||
|
|
118,042 |
|||
|
Freddie Mac Structured Pass Through Certificates (0.2%) |
||||
|
FRESR 2017-SR01 A2 2.75% 11/25/2022 |
59,540 |
|
59,316 |
|
|
FRESB Mortgage Trust (3.0%) |
||||
|
FRESB 2019-SB60 A5H 3.07% 1/25/2039, (1 Month LIBOR USD + 0.700%), 01/25/2039 (a) |
243,474 |
244,288 |
||
|
FRESB 2016-SB13 A5H 1.50329% 1/25/2036, (1 Month LIBOR USD + 0.700%), 01/25/2039 (a) |
147,662 |
147,474 |
||
|
FRESB 2016-SB16 A5H 1.50329% 5/25/2036, (1 Month LIBOR USD + 0.700%), 01/25/2039 (a) |
112,544 |
112,132 |
||
|
FRESB 2015-SB7 A5 1.50329% 9/25/2035, (1 Month LIBOR USD + 0.700%), 01/25/2039 (a) |
195,188 |
189,210 |
||
|
FRESB 2015-SB2 A5 1.50329% 7/25/2035, (1 Month LIBOR USD + 0.700%), 01/25/2039 (a) |
82,500 |
81,664 |
||
|
FRESB 2015-SB3 A5 1.50329% 8/25/2042, (1 Month LIBOR USD + 0.700%), 01/25/2039 (a) |
3,444 |
3,435 |
||
|
|
778,203 |
|||
|
Ginnie Mae I Pool (0.3%) |
||||
|
GN 741854 4% 5/15/2025 |
31,075 |
31,788 |
||
|
GN 782618 4.5% 4/15/2024 |
43,418 |
44,025 |
||
|
|
75,813 |
|||
|
Ginnie Mae II Pool (2.1%) |
||||
|
G2 MA7707 3.5% 11/20/2051 |
243,205 |
238,768 |
||
|
G2 785316 2.435% 9/20/2070 |
110,053 |
115,175 |
||
|
G2 MA6932 3% 10/20/2050 |
170,236 |
163,325 |
||
|
G2 MA6402 4.5% 1/20/2050 |
22,711 |
22,790 |
||
|
|
540,059 |
|||
|
Government National Mortgage Association (13.8%) |
||||
|
GNR 2021-H08 VF 1.97056% 4/20/2071 |
288,991 |
298,563 |
||
|
GNR 2021-110 IO 0.87944% 11/16/2063 (b)(c) |
2,303,782 |
177,451 |
||
|
GNR 2018-108 IA 0.63908% 8/16/2060 |
969,705 |
69,659 |
||
|
GNR 2020-H12 IJ 0.86816% 7/20/2070 |
2,256,957 |
174,011 |
||
|
GNR 2017-H22 IC 2.5867% 11/20/2067 |
1,192,164 |
72,850 |
||
|
GNR 2020-H19 SI 0.96142% 10/20/2070 |
1,256,975 |
30,550 |
||
|
GNR 2018-2 IO 0.7057% 12/16/2059 (b)(c) |
1,385,130 |
71,032 |
||
|
GNR 2020-H11 IO 2.05539% 6/20/2070 (b)(c) |
3,385,442 |
214,637 |
||
|
GNR 2020-132 IO 0.85673% 9/16/2062 (b)(c) |
1,607,054 |
115,472 |
||
|
GNR 2015-97 A 2.4% 4/16/2043 |
256,078 |
253,756 |
||
|
GNR 2021-36 IO 1.26235% 3/16/2063 (b)(c) |
2,294,941 |
209,939 |
||
|
GNR 2021-150 IO 1.03336% 11/16/2063 (b)(c) |
1,083,494 |
93,563 |
||
|
GNR 2020-H04 IO 0.84571% 2/20/2070 (b)(c) |
669,509 |
41,777 |
||
|
GNR 2014-120 IO 0.50149% 4/16/2056 (b)(c) |
1,683,109 |
29,035 |
||
|
GNR 2017-76 IO 0.82018% 12/16/2056 (b)(c) |
2,701,606 |
126,576 |
||
|
GNR 2014-138 IO 0.58654% 4/16/2056 (b)(c) |
545,107 |
14,001 |
||
|
GNR 2020-57 JI 1.80309% 1/16/2060 |
2,074,246 |
252,388 |
||
|
GNR 2013-33 IO 0.30646% 4/16/2054 (b)(c) |
7,210,301 |
41,856 |
||
|
GNR 2020-40 IO 0.87907% 1/16/2062 (b)(c) |
1,712,725 |
111,683 |
||
|
GNR 2020-121 IO 0.91133% 8/16/2060 (b)(c) |
1,054,253 |
75,554 |
||
|
GNR 2018-119 IO 0.65548% 5/16/2060 (b)(c) |
727,654 |
44,577 |
||
|
GNR 2018-137 AB 3.5% 10/20/2048 |
40,102 |
39,406 |
||
|
GNR 2021-5 IO 1.11051% 1/16/2061 (b)(c) |
3,046,648 |
252,253 |
||
|
GNR 2017-28 IO 0.65943% 2/16/2057 (b)(c) |
2,408,313 |
98,977 |
||
|
GNR 2012-95 IO 0.26524% 2/16/2053 (b)(c) |
7,203,594 |
59,480 |
||
|
GNR 2013-15 IO 0.55327% 8/16/2051 (b)(c) |
2,525,030 |
47,625 |
||
|
GNR 2013-17 IO 0.28017% 6/16/2054 (b)(c) |
3,256,610 |
28,642 |
||
|
GNR 2013-40 IO 0.42139% 6/16/2054 (b)(c) |
2,721,264 |
40,639 |
||
|
GNR 2013-105 IO 0.28069% 6/16/2054 (b)(c) |
4,881,987 |
22,462 |
||
|
GNR 2013-107 ID 0.20081% 11/16/2047 (b)(c) |
1,869,766 |
8,283 |
||
|
GNR 2013-101 IO 0.21536% 10/16/2054 (b)(c) |
2,233,119 |
30,891 |
||
|
GNR 2014-54 IO 0.33059% 9/16/2055 (b)(c) |
2,676,422 |
31,175 |
||
|
GNR 2014-73 IO 0.50376% 4/16/2056 (b)(c) |
3,795,723 |
65,541 |
||
|
GNR 2013-156 IO 0.29148% 6/16/2055 (b)(c) |
2,270,710 |
22,187 |
||
|
GNR 2014-1 IO 0.1578% 9/16/2055 (b)(c) |
2,566,699 |
17,654 |
||
|
GNR 2014-155 IB 0.80492% 8/16/2055 (b)(c) |
148,553 |
11,828 |
||
|
GNR 2015-130 IO 0.7177% 7/16/2057 (b)(c) |
1,473,969 |
42,384 |
||
|
GNR 2020-H12 IG 1.42451% 7/20/2070 (b)(c) |
2,499,516 |
94,559 |
||
|
GNR 2016-158 IO 0.75696% 6/16/2058 (b)(c) |
2,566,035 |
102,449 |
||
|
|
3,535,364 |
|||
|
Seasoned Credit Risk Transfer Trust Series (1.4%) |
||||
|
SCRT 2020-3 M5TW 3% 5/25/2060 |
100,350 |
97,677 |
||
|
SCRT 2021-1 TTU 2.5% 9/25/2060 |
214,652 |
205,742 |
||
|
SCRT 2018-3 MA 3.5% 8/25/2057 |
64,106 |
|
63,993 |
|
|
|
367,412 |
|||
|
Seasoned Loans Structured Transaction Trust Series 2019-3 (0.7%) |
||||
|
SLST 2019-3 A1C 2.75% 11/25/2029 |
170,976 |
|
166,531 |
|
|
TOTAL MORTGAGE BACKED SECURITIES (Cost: $23,626,472) |
$ |
19,711,996 |
||
|
U.S. GOVERNMENT NOTES/BONDS (15.7%) |
||||
|
United States Treasury Inflation Indexed Bonds 0.125% 7/15/2022 |
185,063 |
188,424 |
||
|
United States Treasury Note/Bond 1.00% 12/15/2024 |
1,125,000 |
1,073,013 |
||
|
United States Treasury Bill 0.00% 6/30/2022 |
1,125,000 |
1,123,710 |
||
|
United States Treasury Bill 0.00% 8/25/2022 |
675,000 |
672,728 |
||
|
United States Treasury Bill 0.00% 4/20/2023 |
1,000,000 |
980,428 |
||
|
TOTAL U.S. GOVERNMENT BILLS/NOTES/BONDS (Cost $4,091,798) |
$ |
4,038,302 |
||
|
SHORT-TERM INVESTMENTS (12.0%) |
||||
|
Morgan Stanley Institutional Liquidity Fund, 0.140% (d) |
3,090,238 |
|
3,090,238 |
|
|
TOTAL SHORT-TERM INVESTMENTS (Cost $3,090,238) |
$ |
3,090,238 |
||
|
TOTAL INVESTMENTS (Cost $30,808,508) (104.5%) |
$ |
26,840,536 |
||
|
LIABILITIES IN EXCESS OF OTHER ASSETS (-4.5%) |
$ |
(1,158,458) |
||
|
NET ASSETS (100.0%) |
$ |
25,682,078 |
||
|
(a) Variable rate security; the rate shown represents the rate at April 29, 2022. Coupon may be fixed for a period of time. |
||||
|
(b) Variable rate security; the rate shown represents the rate at April 29, 2022. The coupon is based on an underlying pool of loans. |
||||
|
(c) Represents an interest-only security that entitles holders to receive only interest payments on underlying mortgages. |
||||
|
(d) Seven day yield as of April 29, 2022. |
||||
|
LIBOR - London InterBank Offered Rate. |
||||
|
1 Month LIBOR USD - 1 Month US Dollar LIBOR, rate disclosed as of April 29, 2022, based on the last reset date of the security. |
||||
|
NOTE: INVESTMENT IN SECURITIES (unaudited) |
||||||
|
At April 29, 2022, the net unrealized appreciation (depreciation) based on the cost of investments for federal income tax purposes was as follows: |
||||||
|
Integrity Dividend Harvest Fund |
Integrity ESG Growth & Income Fund |
Integrity High Income Fund |
Integrity Mid-North American Resources Fund |
Integrity |
||
|
Investments at cost |
$176,343,962 |
$74,995,300 |
$56,328,763 |
$97,757,447 |
$30,808,508 |
|
|
Unrealized appreciation |
$39,161,012 |
$26,058,191 |
$924,581 |
$43,526,276 |
$25,765 |
|
|
Unrealized depreciation |
($4,260,230) |
($2,981,161) |
($4,975,624) |
($7,413,065) |
($3,993,736) |
|
|
Net unrealized appreciation (depreciation)* |
$34,900,782 |
$23,077,031 |
($4,051,043) |
$36,113,211 |
($3,967,971) |
|
|
* |
Differences between financial reporting-basis and tax-basis unrealized appreciation/(depreciation) are due to differing treatment of wash sales and market discount. |
|||||
|
NOTE: FAIR VALUE MEASUREMENTS (unaudited) |
||||
|
Various inputs are used in determining the value of the Funds' investments. These inputs are summarized in three broad levels: Level 1 inputs are based on quoted prices in active markets for identical securities. Level 2 inputs are based on significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) Level 3 inputs are based on significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments.) The following is a summary of the inputs used to value the Funds’ investments as of April 29, 2022: |
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|
Integrity Dividend Harvest Fund |
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|
|
Level 1 |
Level 2 |
Level 3 |
Total |
|
Common Stocks |
$211,244,744 |
$0 |
$0 |
$211,244,744 |
|
Total |
$211,244,744 |
$0 |
$0 |
$211,244,744 |
|
Integrity ESG Growth and Income Fund |
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|
|
Level 1 |
Level 2 |
Level 3 |
Total |
|
Common Stocks |
$74,995,300 |
$0 |
$0 |
$74,995,300 |
|
Total |
$74,995,300 |
$0 |
$0 |
$74,995,300 |
|
Integrity High Income Fund |
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|
|
Level 1 |
Level 2 |
Level 3 |
Total |
|
Common Stocks |
$802,923 |
$21,599 |
$495,576 |
$1,320,098 |
|
Corporate Bonds |
$0 |
$50,785,225 |
$0 |
$50,785,225 |
|
Convertible Preferred Stock |
$0 |
$0 |
$156,805 |
$156,805 |
|
Warrants |
$0 |
$749 |
$14,843 |
$15,592 |
|
Total |
$802,923 |
$50,807,573 |
$667,224 |
$52,277,720 |
|
Integrity Mid-North American Resources Fund |
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|
|
Level 1 |
Level 2 |
Level 3 |
Total |
|
Common Stocks |
$133,870,658 |
$0 |
$0 |
$133,870,658 |
|
Total |
$133,870,658 |
$0 |
$0 |
$133,870,658 |
|
Integrity Short Term Government Bond Fund |
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|
|
Level 1 |
Level 2 |
Level 3 |
Total |
|
Mortgage Backed Securities |
$0 |
$19,711,996 |
$0 |
$19,711,996 |
|
U.S. Government Notes/Bonds |
$0 |
$4,038,302 |
$0 |
$4,038,302 |
|
Short-Term Investments |
$3,090,238 |
$0 |
$0 |
$3,090,238 |
|
Total Investments in Securities |
$3,090,238 |
$23,750,298 |
$0 |
$26,840,536 |
|
Please refer to the Schedule of Investments for sector classification. |
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|
A reconciliation of Level 3 investments, including certain disclosures related to significant inputs used in valuing Level 3 investments, are presented when a Fund has a significant amount of Level 3 investments at the beginning and/or end of the period in relation to net assets. |
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|
|
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|
The changes of the fair value of investments during the quarter ended April 29, 2022, for which the Funds have used Level 3 inputs to determine the fair value are as follow: |
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|
|
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|
Balance as |
Realized |
Change in unrealized |
Balance as |
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|
High Income Fund |
7/31/2021 |
Purchases |
Sales |
Gain/(Loss) |
appreciation/depreciation |
4/29/2022 |
|
Common Stock |
$ 378,165 |
$0 |
$0 |
$0 |
$117,411 |
$ 495,576 |
|
Corporate Bonds |
$ - |
$0 |
$0 |
$0 |
$0 |
$ - |
|
Convertible Preferred Stock |
$ 140,430 |
$0 |
($7,882) |
$6,007 |
$18,250 |
$ 156,805 |
|
Warrants |
$ 13,455 |
$0 |
$0 |
$0 |
$1,388 |
$ 14,843 |
|
Asset Class |
Fair Value at |
|
Valuation |
|
Unobservable |
Range |
|
Impact to |
Weighted |
|
Common Stock |
$163,796 |
Market Comparable Transaction |
Broker Quote |
$1.08 - $337.50 |
Increase/ |
$40.48 |
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|
Common Stock |
$331,780 |
Market Comparable Companies |
EBITDA Multiple |
6.25x - 6.50x |
Increase/ |
6.49x |
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|
Convertible Preferred Stock |
$156,805 |
Market Comparable Transaction |
Broker Quote |
$1.10 - $2,575.00 |
Increase/ |
$1,607.27 |
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|
Warrants |
$14,843 |
Market Comparable Transaction |
Broker Quote |
$0.01 - $21.50 |
Increase |
$21.49 |