Principal
Amount
Market
Value
CONVERTIBLE
CORPORATE
BONDS
(Continued)
Telecommunications
(Continued)
$
325,000
3.750%,
08/01/28(a)
.............
$
325,487
3,416,359
TOTAL
CONVERTIBLE
CORPORATE
BONDS
....................
132,004,200
Shares
CONVERTIBLE
PREFERRED
STOCKS
—
0.5%
Business
Services
—
0.0%
809,253
Amerivon
Holdings
LLC,
4.000%(b)
....................
0
272,728
Amerivon
Holdings
LLC,
common
equity
units
(b)
..........................
3
3
Health
Care
—
0.5%
28,911
Invacare
Holdings
Corp.,
Ser.
A,
9.000%
......................
722,780
TOTAL
CONVERTIBLE
PREFERRED
STOCKS
...................
722,783
MANDATORY
CONVERTIBLE
SECURITIES(c)
—
4.4%
Diversified
Industrial
—
1.7%
38,000
Chart
Industries
Inc.,
Ser.
B,
6.750%,
12/15/25
...............
2,475,320
Energy
and
Utilities
—
1.8%
NextEra
Energy
Inc.
24,860
6.219%,
09/01/23
...............
1,218,886
30,000
6.926%,
09/01/25
...............
1,358,700
2,577,586
Financial
Services
—
0.9%
32,000
New
York
Community
Capital
Trust
V,
6.000%,
11/01/51
...............
1,294,400
TOTAL
MANDATORY
CONVERTIBLE
SECURITIES
................
6,347,306
COMMON
STOCKS
—
0.0%
Health
Care
—
0.0%
12,938
Invacare
Holdings
Corp.†
............
0
Principal
Amount
Market
Value
U.S.
GOVERNMENT
OBLIGATIONS
—
4.4%
$
6,480,000
U.S.
Treasury
Bills,
5.148%
to
5.313%††,
08/31/23
to
09/14/23
......................
$
6,414,061
TOTAL
INVESTMENTS
—
100.0%
....
(Cost
$150,629,965)
.............
$
145,488,350
(a)
Securities
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended.
These
securities
may
be
resold
in
transactions
exempt
from
registration,
normally
to
qualified
institutional
buyers.
(b)
Security
is
valued
using
significant
unobservable
inputs
and
is
classified
as
Level
3
in
the
fair
value
hierarchy.
(c)
Mandatory
convertible
securities
are
required
to
be
converted
on
the
dates
listed;
they
generally
may
be
converted
prior
to
these
dates
at
the
option
of
the
holder.
†
Non-income
producing
security.
††
Represents
annualized
yields
at
dates
of
purchase.