Principal Amount† | | Borrower/Tranche Description | Fair Value | Percentage of Net Assets |
LOANS*: 95.8% | |
| | Aerospace & Defense: 2.2% | | |
1,067,325 | | AI Convoy (Luxembourg) S.A.R.L USD Term Loan B, 4.650%, (US0006M + 3.500%), 01/17/27 | $ 1,022,631 | 0.2 |
1,295,000 | | Amentum Government Services Holdings LLC Term Loan B, 4.178%, (US0001M + 4.000%), 02/01/27 | 1,278,812 | 0.2 |
3,996,914 | | American Airlines, Inc. 2018 Term Loan B, 1.934%, (US0001M + 1.750%), 06/27/25 | 2,791,177 | 0.5 |
390,000 | | Delta Air Lines, Inc. 2020 Term Loan B, 5.750%, (US0003M + 4.750%), 04/29/23 | 383,760 | 0.1 |
1,979,250 | | KBR, Inc. 2020 Term Loan B, 2.928%, (US0001M + 2.750%), 02/05/27 | 1,944,613 | 0.3 |
2,246,428 | | Maxar Technologies Ltd. Term Loan B, 2.930%, (US0001M + 2.750%), 10/04/24 | 2,114,451 | 0.3 |
1,219,167 | | Science Applications International Corporation 2020 Incremental Term Loan B, 2.428%, (US0001M + 2.250%), 03/12/27 | 1,194,174 | 0.2 |
2,980,013 | | TransDigm, Inc. 2020 Term Loan E, 2.428%, (US0001M + 2.250%), 05/30/25 | 2,693,806 | 0.4 |
| | | 13,423,424 | 2.2 |
| | | | |
| | Auto Components: 0.5% | | |
3,063,076 | | Broadstreet Partners, Inc. 2020 Term Loan B, 3.428%, (US0001M + 3.250%), 01/27/27 | 2,930,022 | 0.5 |
| | | | |
| | Automotive: 3.5% | | |
1,675,548 | | American Axle and Manufacturing, Inc. Term Loan B, 3.000%, (US0001M + 2.250%), 04/06/24 | 1,595,960 | 0.3 |
1,382,500 | | Autokiniton US Holdings, Inc. Term Loan, 5.928%, (US0001M + 5.750%), 05/22/25 | 1,320,288 | 0.2 |
811,999 | | Belron Finance US LLC 2018 Term Loan B, 2.934%, (US0003M + 2.500%), 11/13/25 | 789,669 | 0.1 |
3,266,766 | | Belron Finance US LLC 2019 USD Term Loan B, 3.260%, (US0003M + 2.500%), 10/30/26 | 3,171,484 | 0.5 |
306,371 | | Belron Finance US LLC USD Term Loan B, 2.974%, (US0003M + 2.500%), 11/07/24 | 297,945 | 0.0 |
1,393,901 | | Bright Bidco B.V. 2018 Term Loan B, 4.572%, (US0003M + 3.500%), 06/30/24 | 607,741 | 0.1 |
597,000 | | Dealer Tire, LLC 2020 Term Loan B, 4.428%, (US0001M + 4.250%), 12/12/25 | 572,125 | 0.1 |
3,521,829 | | Gates Global LLC 2017 USD Repriced Term Loan B, 3.750%, (US0001M + 2.750%), 04/01/24 | 3,402,968 | 0.6 |
1,430,557 | | Holley Purchaser, Inc. Term Loan B, 5.760%, (US0003M + 5.000%), 10/24/25 | 1,208,820 | 0.2 |
508,693 | | IXS Holdings, Inc. 2020 Term Loan B, 6.000%, (US0003M + 5.000%), 03/05/27 | 478,171 | 0.1 |
1,047,355 | | KAR Auction Services, Inc. 2019 Term Loan B6, 2.500%, (US0001M + 2.250%), 09/19/26 | 997,606 | 0.2 |
997,482 | | Mister Car Wash Holdings, Inc. 2019 Term Loan B, 4.375%, (US0003M + 3.250%), 05/14/26 | 902,222 | 0.2 |
3,242,906 | | Panther BF Aggregator 2 LP USD Term Loan B, 3.678%, (US0001M + 3.500%), 04/30/26 | 3,099,677 | 0.5 |
1,496,144 | | Truck Hero, Inc. 1st Lien Term Loan, 3.928%, (US0001M + 3.750%), 04/22/24 | 1,367,881 | 0.2 |
1,000,000 | | Wand NewCo 3, Inc. 2020 Term Loan, 3.559%, (US0003M + 3.000%), 02/05/26 | 952,500 | 0.2 |
| | | 20,765,057 | 3.5 |
| | | | |
| | Beverage & Tobacco: 0.7% | | |
1,000,000 | | Aramark Services, Inc. 2018 Term Loan B2, 1.912%, (US0001M + 1.750%), 03/28/24 | 950,000 | 0.2 |
3,340,466 | | Sunshine Investments B.V. USD Term Loan B3, 3.674%, (US0003M + 3.250%), 03/28/25 | 3,256,954 | 0.5 |
| | | 4,206,954 | 0.7 |
| | | | |
| | Brokers, Dealers & Investment Houses: 0.4% | | |
2,962,197 | | Brookfield Property REIT Inc. 1st Lien Term Loan B, 2.678%, (US0001M + 2.500%), 08/27/25 | 2,473,435 | 0.4 |
Principal Amount† | | Borrower/Tranche Description (continued) | Fair Value | Percentage of Net Assets |
LOANS*: (continued) | | |
| | Building & Development: 3.0% | | |
1,028,791 | | Advanced Drainage Systems Inc Term Loan B, 2.438%, (US0001M + 2.250%), 07/31/26 | $ 1,000,499 | 0.2 |
3,124,473 | | Core & Main LP 2017 Term Loan B, 3.750%, (US0006M + 2.750%), 08/01/24 | 2,987,777 | 0.5 |
3,145,828 | | GYP Holdings III Corp. 2018 Term Loan B, 2.928%, (US0001M + 2.750%), 06/01/25 | 3,047,521 | 0.5 |
1,857,625 | | Henry Company LLC Term Loan B, 5.000%, (US0001M + 4.000%), 10/05/23 | 1,806,540 | 0.3 |
2,275,162 | | Interior Logic Group Holdings IV LLC 2018 Term Loan B, 4.178%, (US0003M + 4.000%), 05/30/25 | 2,070,397 | 0.3 |
2,307,475 | | MX Holdings US, Inc. Term Loan B1B, 3.500%, (US0001M + 2.750%), 07/31/25 | 2,251,710 | 0.4 |
3,267,074 | | Quikrete Holdings Inc Term Loan, 2.678%, (US0001M + 2.500%), 02/01/27 | 3,161,573 | 0.5 |
1,514,873 | | Werner FinCo LP 2017 Term Loan, 5.000%, (US0001M + 4.000%), 07/24/24 | 1,439,130 | 0.2 |
470,000 | | Zekelman Industries, Inc. 2020 Term Loan, 2.430%, (US0001M + 2.250%), 01/24/27 | 452,375 | 0.1 |
| | | 18,217,522 | 3.0 |
| | | | |
| | Business Equipment & Services: 11.5% | | |
1,791,649 | | 24-7 Intouch Inc 2018 Term Loan, 4.928%, (US0001M + 4.750%), 08/25/25 | 1,657,275 | 0.3 |
3,678,181 | | AlixPartners, LLP 2017 Term Loan B, 3.500%, (US0001M + 2.500%), 04/04/24 | 3,559,560 | 0.6 |
2,888,325 | | Ascend Learning, LLC 2017 Term Loan B, 4.000%, (US0001M + 3.000%), 07/12/24 | 2,778,208 | 0.5 |
2,301,755 | | Big Ass Fans, LLC 2018 Term Loan, 4.750%, (US0003M + 3.750%), 05/21/24 | 2,068,703 | 0.3 |
560,000 | | Cardtronics USA, Inc. Term Loan B, 4.302%, (US0003M + 4.000%), 06/24/27 | 554,400 | 0.1 |
2,414,958 | | Castle US Holding Corporation USD Term Loan B, 4.058%, (US0003M + 3.750%), 01/29/27 | 2,227,799 | 0.4 |
2,392,675 | | Convergint Technologies LLC 2018 1st Lien Term Loan, 3.750%, (US0001M + 3.000%), 02/03/25 | 2,290,240 | 0.4 |
2,039,177 | | EIG Investors Corp. 2018 1st Lien Term Loan, 4.750%, (US0003M + 3.750%), 02/09/23 | 1,978,002 | 0.3 |
2,669,791 | | Ellie Mae, Inc. Term Loan, 4.058%, (US0003M + 3.750%), 04/17/26 | 2,594,703 | 0.4 |
3,103,379 | | EVO Payments International LLC 2018 1st Lien Term Loan, 3.440%, (US0001M + 3.250%), 12/22/23 | 3,021,916 | 0.5 |
1,394,076 | | Flexential Intermediate Corporation 2nd Lien Term Loan, 7.587%, (US0003M + 7.250%), 08/01/25 | 629,731 | 0.1 |
2,892,744 | | GreenSky Holdings, LLC 2018 Term Loan B, 3.438%, (US0001M + 3.250%), 03/31/25 | 2,777,034 | 0.5 |
2,223,312 | | ION Trading Technologies S.a.r.l. USD Incremental Term Loan B, 5.072%, (US0003M + 4.000%), 11/21/24 | 2,145,496 | 0.3 |
2,988,454 | (1) | IQOR US Inc. 2nd Lien Term Loan, 9.052%, (US0003M + 8.750%), 04/01/22 | 727,189 | 0.1 |
314,021 | | IQOR US Inc. Super Priority Term Loan, 10.178%, (US0001M + 10.000%), 07/31/20 | 295,179 | 0.0 |
3,688,445 | (1) | IQOR US Inc. Term Loan B, 5.302%, (US0003M + 5.000%), 04/01/21 | 2,163,889 | 0.4 |
1,183,691 | | KUEHG Corp. 2018 Incremental Term Loan, 4.750%, (US0003M + 3.750%), 02/21/25 | 1,016,198 | 0.2 |
845,000 | | Mileage Plus Holdings LLC 2020 Term Loan B, 5.552%, (US0003M + 5.250%), 06/25/27 | 840,398 | 0.1 |
1,349,792 | | NeuStar, Inc. 2018 Term Loan B4, 4.500%, (US0003M + 3.500%), 08/08/24 | 1,244,340 | 0.2 |
595,000 | | Nielsen Finance LLC 2020 USD Term Loan B5, 5.750%, (US0001M + 3.750%), 06/04/25 | 591,281 | 0.1 |
1,000,000 | | Nielsen Finance LLC USD Term Loan B4, 2.180%, (US0001M + 2.000%), 10/04/23 | 969,250 | 0.2 |
3,473,163 | | PI US MergerCo, Inc. USD 2017 1st Lien Term Loan, 4.500%, (US0003M + 3.500%), 01/03/25 | 3,328,447 | 0.5 |
Principal Amount† | | Borrower/Tranche Description (continued) | Fair Value | Percentage of Net Assets |
LOANS*: (continued) | |
| | Business Equipment & Services: (continued) | | |
3,766,725 | | Pre-Paid Legal Services, Inc. 2018 1st Lien Term Loan, 3.428%, (US0001M + 3.250%), 05/01/25 | $ 3,606,639 | 0.6 |
480,000 | | Presidio, Inc. 2020 Term Loan B, 4.270%, (US0003M + 3.500%), 01/22/27 | 464,400 | 0.1 |
3,069,901 | | Red Ventures, LLC 2020 Term Loan B, 2.678%, (US0001M + 2.500%), 11/08/24 | 2,914,871 | 0.5 |
465,000 | | Renaissance Holding Corp. 2018 2nd Lien Term Loan, 7.760%, (US0003M + 7.000%), 05/29/26 | 427,800 | 0.1 |
1,611,951 | | Renaissance Learning, Inc. 2018 Add On Term Loan, 4.010%, (US0003M + 3.250%), 05/30/25 | 1,557,950 | 0.2 |
1,976,308 | | Research Now Group, Inc. 2017 1st Lien Term Loan, 6.500%, (US0003M + 5.500%), 12/20/24 | 1,833,025 | 0.3 |
847,875 | | Rockwood Service Corporation 2020 Term Loan, 4.558%, (US0003M + 4.250%), 01/23/27 | 822,439 | 0.1 |
2,293,042 | | Solera Holdings, Inc. USD Term Loan B, 2.928%, (US0001M + 2.750%), 03/03/23 | 2,210,492 | 0.4 |
3,964,956 | | Staples, Inc. 7 Year Term Loan, 5.687%, (US0003M + 5.000%), 04/16/26 | 3,424,731 | 0.6 |
43,689 | | STG-Fairway Holdings, LLC Term Loan B, 4.572%, (US0003M + 3.500%), 01/31/27 | 40,863 | 0.0 |
1,784,318 | | SurveyMonkey Inc. 2018 Term Loan B, 3.860%, (US0001W + 3.750%), 10/10/25 | 1,730,788 | 0.3 |
2,735,145 | | Verifone Systems, Inc. 2018 1st Lien Term Loan, 4.377%, (US0003M + 4.000%), 08/20/25 | 2,313,249 | 0.4 |
2,452,027 | | Verra Mobility Corporation 2020 Term Loan B, 3.558%, (US0003M + 3.250%), 02/28/25 | 2,353,946 | 0.4 |
1,185,387 | | Verscend Holding Corp. 2018 Term Loan B, 4.678%, (US0001M + 4.500%), 08/27/25 | 1,155,753 | 0.2 |
1,311,067 | | West Corporation 2017 Term Loan, 5.000%, (US0003M + 4.000%), 10/10/24 | 1,128,828 | 0.2 |
3,580,016 | | Yak Access, LLC 2018 1st Lien Term Loan B, 5.308%, (US0003M + 5.000%), 07/11/25 | 2,899,813 | 0.5 |
970,000 | | Yak Access, LLC 2018 2nd Lien Term Loan B, 10.297%, (US0003M + 10.000%), 07/10/26 | 693,550 | 0.1 |
| | | 69,038,375 | 11.5 |
| | | | |
| | Cable & Satellite Television: 2.4% | | |
3,184,287 | | Charter Communications Operating, LLC 2019 Term Loan B2, 1.930%, (US0001M + 1.750%), 02/01/27 | 3,069,299 | 0.5 |
2,657,968 | | Radiate Holdco, LLC 1st Lien Term Loan, 3.750%, (US0001M + 3.000%), 02/01/24 | 2,547,588 | 0.4 |
1,442,750 | | Telesat Canada Term Loan B5, 2.930%, (US0001M + 2.750%), 12/07/26 | 1,385,040 | 0.2 |
1,970,000 | | UPC Broadband Holding B.V. 2020 USD Term Loan B, 2.435%, (US0001M + 2.250%), 04/30/28 | 1,883,812 | 0.3 |
2,998,077 | | Virgin Media Bristol LLC USD Term Loan N, 2.685%, (US0001M + 2.500%), 01/31/28 | 2,876,655 | 0.5 |
2,710,736 | | WideOpenWest Finance LLC 2017 Term Loan B, 4.250%, (US0001M + 3.250%), 08/18/23 | 2,593,272 | 0.5 |
| | | 14,355,666 | 2.4 |
| | | | |
| | Chemicals & Plastics: 3.0% | | |
1,520,550 | | Alpha 3 B.V. 2017 Term Loan B1, 4.000%, (US0003M + 3.000%), 01/31/24 | 1,466,381 | 0.2 |
1,200,925 | | Ascend Performance Materials Operations LLC 2019 Term Loan B, 6.250%, (US0003M + 5.250%), 08/27/26 | 1,175,906 | 0.2 |
1,607,284 | | Axalta Coating Systems US Holdings Inc. USD Term Loan B3, 2.058%, (US0003M + 1.750%), 06/01/24 | 1,547,011 | 0.3 |
2,456,123 | | Composite Resins Holding B.V. 2018 Term Loan B, 5.475%, (US0006M + 4.250%), 08/01/25 | 2,357,879 | 0.4 |
395,000 | | Diamond (BC) B.V. 2020 USD Incremental Term Loan, 5.302%, (US0003M + 5.000%), 09/06/24 | 387,594 | 0.1 |
2,101,880 | | Diamond (BC) B.V. USD Term Loan, 3.760%, (US0003M + 3.000%), 09/06/24 | 1,940,735 | 0.3 |
Principal Amount† | | Borrower/Tranche Description (continued) | Fair Value | Percentage of Net Assets |
LOANS*: (continued) | | |
| | Chemicals & Plastics: (continued) | | |
1,042,757 | | Encapsys, LLC 2020 Term Loan B2, 4.250%, (US0001M + 3.250%), 11/07/24 | $ 998,440 | 0.2 |
3,206,175 | | Polar US Borrower, LLC 2018 1st Lien Term Loan, 4.925%, (US0001M + 4.750%), 10/15/25 | 3,029,835 | 0.5 |
285,000 | | PQ Corporation 2020 USD Incremental Term Loan B, 3.302%, (US0003M + 3.000%), 02/07/27 | 279,656 | 0.1 |
2,832,636 | | Starfruit Finco B.V 2018 USD Term Loan B, 3.188%, (US0001M + 3.000%), 10/01/25 | 2,672,119 | 0.4 |
1,475,812 | | Tronox Finance LLC Term Loan B, 2.982%, (US0001M + 2.750%), 09/23/24 | 1,418,317 | 0.2 |
592,025 | | Univar Inc. 2019 USD Term Loan B5, 2.178%, (US0003M + 2.000%), 07/01/26 | 567,900 | 0.1 |
| | | 17,841,773 | 3.0 |
| | | | |
| | Consumer, Cyclical: 0.1% | | |
2,802,115 | (1),(2) | 24 Hour Fitness Worldwide, Inc. 2018 Term Loan B, 3.802%, (US0003M + 3.500%), 05/30/25 | 672,508 | 0.1 |
| | | | |
| | Consumer, Non-cyclical: 0.1% | | |
54,118 | | Pathway Vet Alliance LLC 2020 Delayed Draw Term Loan, 4.052%, (US0003M + 3.750%), 03/31/27 | 52,782 | 0.0 |
665,882 | | Pathway Vet Alliance LLC 2020 Term Loan, 4.302%, (US0003M + 4.000%), 03/31/27 | 649,443 | 0.1 |
| | | 702,225 | 0.1 |
| | | | |
| | Containers & Glass Products: 2.4% | | |
326,466 | | Albea Beauty Holdings S.A 2018 USD Term Loan B2, 4.000%, (US0003M + 3.000%), 04/22/24 | 306,062 | 0.0 |
2,494 | | Berry Global, Inc. Term Loan Y, 2.177%, (US0001M + 2.000%), 07/01/26 | 2,395 | 0.0 |
1,426,485 | | BWAY Holding Company 2017 Term Loan B, 4.561%, (US0003M + 3.250%), 04/03/24 | 1,288,116 | 0.2 |
1,786,513 | | Charter NEX US, Inc. Incremental Term Loan, 3.428%, (US0001M + 3.250%), 05/16/24 | 1,713,565 | 0.3 |
1,674,845 | | Flex Acquisition Company, Inc. 1st Lien Term Loan, 4.433%, (US0003M + 3.000%), 12/29/23 | 1,609,246 | 0.3 |
3,669,672 | | Flex Acquisition Company, Inc. 2018 Incremental Term Loan, 4.683%, (US0003M + 3.250%), 06/29/25 | 3,456,372 | 0.6 |
1,695,000 | | Plastipak Packaging, Inc. 2018 Term Loan B, 2.680%, (US0001M + 2.500%), 10/14/24 | 1,641,325 | 0.3 |
660,000 | | Proampac AC Borrower LLC Second Lien Term Loan, 9.500%, (US0003M + 8.500%), 11/18/24 | 587,400 | 0.1 |
2,517,068 | | Reynolds Group Holdings Inc. USD 2017 Term Loan, 2.928%, (US0001M + 2.750%), 02/05/23 | 2,408,205 | 0.4 |
1,623,182 | | TricorBraun Hldgs Inc First Lien Term Loan, 4.753%, (US0003M + 3.750%), 11/30/23 | 1,566,370 | 0.2 |
| | | 14,579,056 | 2.4 |
| | | | |
| | Cosmetics/Toiletries: 0.5% | | |
2,185,864 | | Anastasia Parent, LLC 2018 Term Loan B, 4.058%, (US0003M + 3.750%), 08/11/25 | 770,517 | 0.1 |
2,305,475 | | Wellness Merger Sub, Inc. 1st Lien Term Loan, 5.250%, (US0003M + 4.250%), 06/30/24 | 2,146,974 | 0.4 |
| | | 2,917,491 | 0.5 |
| | | | |
| | Drugs: 0.9% | | |
2,987,173 | | Endo Luxembourg Finance Company I S.a r.l. 2017 Term Loan B, 5.000%, (US0001M + 4.250%), 04/29/24 | 2,814,664 | 0.5 |
2,779,064 | | Horizon Therapeutics USA Inc Term Loan B, 2.438%, (US0001M + 2.250%), 05/22/26 | 2,699,165 | 0.4 |
| | | 5,513,829 | 0.9 |
| | | | |
| | Ecological Services & Equipment: 0.5% | | |
3,070,217 | | GFL Environmental Inc. 2018 USD Term Loan B, 4.000%, (US0003M + 3.000%), 05/30/25 | 2,992,182 | 0.5 |
| | | | |
| | Electronics/Electrical: 13.4% | | |
2,078,280 | | ASG Technologies Group, Inc. 2018 Term Loan, 4.500%, (US0001M + 3.500%), 07/31/24 | 1,891,235 | 0.3 |
Principal Amount† | | Borrower/Tranche Description (continued) | Fair Value | Percentage of Net Assets |
LOANS*: (continued) | | |
| | Electronics/Electrical: (continued) | | |
1,196,696 | | Barracuda Networks, Inc. 1st Lien Term Loan, 4.250%, (US0003M + 3.250%), 02/12/25 | $ 1,170,967 | 0.2 |
2,642,009 | | BMC Software Finance, Inc. 2018 USD Term Loan B, 4.428%, (US0001M + 4.250%), 10/02/25 | 2,508,022 | 0.4 |
1,213,333 | | Brave Parent Holdings, Inc. 1st Lien Term Loan, 4.178%, (US0001M + 4.000%), 04/18/25 | 1,179,208 | 0.2 |
2,451,113 | | Cohu, Inc. 2018 Term Loan B, 3.178%, (US0001M + 3.000%), 10/01/25 | 2,328,557 | 0.4 |
1,220,000 | | Cornerstone OnDemand, Inc. Term Loan B, 5.348%, (US0002M + 4.250%), 04/22/27 | 1,203,225 | 0.2 |
1,115,744 | | Dynatrace LLC 2018 1st Lien Term Loan, 2.428%, (US0001M + 2.250%), 08/22/25 | 1,085,061 | 0.2 |
1,470,057 | | EagleView Technology Corporation 2018 Add On Term Loan B, 3.863%, (US0003M + 3.500%), 08/14/25 | 1,390,428 | 0.2 |
1,053,500 | | Electrical Components International, Inc. 2018 1st Lien Term Loan, 4.428%, (US0001M + 4.250%), 06/26/25 | 842,800 | 0.1 |
2,110,325 | | Exact Merger Sub LLC 1st Lien Term Loan, 5.250%, (US0003M + 4.250%), 09/27/24 | 2,066,361 | 0.3 |
3,237,300 | | GlobalFoundries Inc USD Term Loan B, 5.063%, (US0003M + 4.750%), 06/05/26 | 3,132,088 | 0.5 |
950,113 | | Helios Software Holdings, Inc. USD Term Loan, 5.322%, (US0006M + 4.250%), 10/24/25 | 920,659 | 0.2 |
2,227,883 | | Hyland Software, Inc. 2018 1st Lien Term Loan, 4.000%, (US0001M + 3.250%), 07/01/24 | 2,167,730 | 0.4 |
2,009,763 | | Imperva, Inc. 1st Lien Term Loan, 5.000%, (US0003M + 4.000%), 01/12/26 | 1,921,835 | 0.3 |
1,368,871 | | Imperva, Inc. 2nd Lien Term Loan, 8.750%, (US0003M + 7.750%), 01/10/27 | 1,240,540 | 0.2 |
1,860,338 | | Informatica LLC 2020 USD Term Loan B, 3.428%, (US0001M + 3.250%), 02/25/27 | 1,781,273 | 0.3 |
2,775,195 | | Kronos Incorporated 2017 Term Loan B, 3.179%, (US0001M + 3.000%), 11/01/23 | 2,772,592 | 0.5 |
386,935 | | MA FinanceCo., LLC USD Term Loan B3, 2.678%, (US0001M + 2.500%), 06/21/24 | 362,751 | 0.1 |
3,943,890 | | McAfee, LLC 2018 USD Term Loan B, 3.934%, (US0001M + 3.750%), 09/30/24 | 3,841,349 | 0.6 |
2,229,161 | | MH Sub I, LLC 2017 1st Lien Term Loan, 4.822%, (US0006M + 3.750%), 09/13/24 | 2,137,208 | 0.4 |
2,540,000 | | MH Sub I, LLC 2017 2nd Lien Term Loan, 8.572%, (US0006M + 7.500%), 09/15/25 | 2,432,050 | 0.4 |
3,216,123 | | Project Boost Purchaser, LLC 2019 Term Loan B, 3.678%, (US0001M + 3.500%), 06/01/26 | 3,083,458 | 0.5 |
2,299,975 | | Project Leopard Holdings, Inc. 2019 Term Loan, 5.250%, (US0003M + 4.250%), 07/07/23 | 2,245,351 | 0.4 |
237,589 | | Quest Software US Holdings Inc. 2018 1st Lien Term Loan, 5.010%, (US0003M + 4.250%), 05/16/25 | 228,481 | 0.0 |
2,000,000 | | Quest Software US Holdings Inc. 2018 2nd Lien Term Loan, 9.010%, (US0003M + 8.250%), 05/18/26 | 1,795,000 | 0.3 |
3,728,824 | | Rackspace Hosting, Inc. 2017 Incremental 1st Lien Term Loan, 4.000%, (US0003M + 3.000%), 11/03/23 | 3,549,840 | 0.6 |
2,392,866 | | Riverbed Technology, Inc. 2016 Term Loan, 4.250%, (US0003M + 3.250%), 04/24/22 | 2,052,880 | 0.3 |
685,000 | | Rocket Software, Inc. 2018 2nd Lien Term Loan, 9.010%, (US0003M + 8.250%), 11/27/26 | 561,015 | 0.1 |
1,066,001 | | Rocket Software, Inc. 2018 Term Loan, 4.428%, (US0001M + 4.250%), 11/28/25 | 1,024,427 | 0.2 |
1,644,837 | | RP Crown Parent LLC Term Loan B, 3.750%, (US0001M + 2.750%), 10/12/23 | 1,606,801 | 0.3 |
2,613,065 | | Seattle Spinco, Inc. USD Term Loan B3, 2.678%, (US0001M + 2.500%), 06/21/24 | 2,449,749 | 0.4 |
Principal Amount† | | Borrower/Tranche Description (continued) | Fair Value | Percentage of Net Assets |
LOANS*: (continued) | | |
| | Electronics/Electrical: (continued) | | |
2,501,432 | | Sirius Computer Solutions, Inc. 2020 Term Loan, 3.678%, (US0001M + 3.500%), 07/01/26 | $ 2,431,392 | 0.4 |
5,688,116 | (1),(2) | SkillSoft Corporation 1st Lien Term Loan, 5.052%, (US0003M + 4.750%), 04/28/21 | 3,537,297 | 0.6 |
326,323 | | SkillSoft Corporation 2020 DIP Term Loan, 8.500%, (US0003M + 7.500%), 09/14/20 | 310,006 | 0.0 |
2,126,367 | | SolarWinds Holdings, Inc. 2018 Term Loan B, 2.928%, (US0001M + 2.750%), 02/05/24 | 2,063,640 | 0.3 |
1,908,232 | | SonicWall US Holdings Inc. 1st Lien Term Loan, 3.877%, (US0003M + 3.500%), 05/16/25 | 1,819,181 | 0.3 |
1,070,000 | | Surf Holdings, LLC USD Term Loan, 3.827%, (US0003M + 3.500%), 03/05/27 | 1,030,098 | 0.2 |
1,798,798 | | Travelport Finance (Luxembourg) S.a.r.l. 2019 Term Loan, 6.072%, (US0003M + 5.000%), 05/29/26 | 1,193,952 | 0.2 |
370,000 | | Ultimate Software Group Inc(The) 2020 Incremental Term Loan B, 4.302%, (US0003M + 4.000%), 05/04/26 | 366,399 | 0.1 |
2,208,288 | | Ultimate Software Group Inc(The) Term Loan B, 3.928%, (US0001M + 3.750%), 05/04/26 | 2,142,434 | 0.4 |
2,980,360 | | Veritas Bermuda Ltd. USD Repriced Term Loan B, 5.500%, (US0003M + 4.500%), 01/27/23 | 2,764,284 | 0.5 |
2,015,000 | | Vertafore, Inc. 2018 2nd Lien Term Loan, 7.434%, (US0001M + 7.250%), 07/02/26 | 2,000,895 | 0.3 |
780,666 | | Web.com Group, Inc. 2018 2nd Lien Term Loan, 7.940%, (US0001M + 7.750%), 10/09/26 | 679,180 | 0.1 |
1,134,931 | | Web.com Group, Inc. 2018 Term Loan B, 3.940%, (US0001M + 3.750%), 10/10/25 | 1,079,887 | 0.2 |
1,660,000 | | Xperi Corporation 2020 Term Loan B, 4.173%, (US0001M + 4.000%), 06/01/25 | 1,573,887 | 0.3 |
| | | 79,965,473 | 13.4 |
| | | | |
| | Financial: 0.2% | | |
1,314,765 | | Blucora, Inc. 2017 Term Loan B, 4.000%, (US0003M + 3.000%), 05/22/24 | 1,298,331 | 0.2 |
| | | | |
| | Financial Intermediaries: 2.6% | | |
1,368,089 | | Blackhawk Network Holdings, Inc 2018 1st Lien Term Loan, 3.178%, (US0001M + 3.000%), 06/15/25 | 1,264,343 | 0.2 |
1,173,172 | | Blackstone Mortgage Trust, Inc. 2019 Term Loan B, 2.428%, (US0001M + 2.250%), 04/23/26 | 1,102,782 | 0.2 |
2,427,402 | | Cushman & Wakefield U.S. Borrower, LLC 2020 Term Loan B, 2.928%, (US0001M + 2.750%), 08/21/25 | 2,298,446 | 0.4 |
1,810,000 | | Deerfield Dakota Holding, LLC 2020 USD Term Loan B, 4.750%, (US0001M + 3.750%), 04/09/27 | 1,761,923 | 0.3 |
3,411,258 | | Edelman Financial Center, LLC 2018 1st Lien Term Loan, 3.180%, (US0001M + 3.000%), 07/21/25 | 3,271,397 | 0.5 |
855,700 | | First Eagle Holdings, Inc. 2020 Term Loan B, 2.808%, (US0003M + 2.500%), 02/01/27 | 826,107 | 0.1 |
1,178,460 | | Focus Financial Partners, LLC 2020 Term Loan, 2.178%, (US0001M + 2.000%), 07/03/24 | 1,131,321 | 0.2 |
934,374 | | VFH Parent LLC 2019 Term Loan B, 3.188%, (US0003M + 3.000%), 03/01/26 | 912,573 | 0.2 |
2,807,150 | | Victory Capital Holdings, Inc. 2020 Term Loan B, 3.937%, (US0003M + 2.500%), 07/01/26 | 2,731,123 | 0.5 |
| | | 15,300,015 | 2.6 |
| | | | |
| | Food Products: 2.1% | | |
1,463,736 | | 8th Avenue Food & Provisions, Inc. 2018 1st Lien Term Loan, 3.685%, (US0003M + 3.500%), 10/01/25 | 1,429,887 | 0.2 |
400,000 | | 8th Avenue Food & Provisions, Inc. 2018 2nd Lien Term Loan, 7.935%, (US0001M + 7.750%), 10/01/26 | 384,500 | 0.1 |
2,442,506 | | Atkins Nutritionals Holdings II, Inc. 2017 Term Loan B, 4.750%, (US0001M + 3.750%), 07/07/24 | 2,391,622 | 0.4 |
Principal Amount† | | Borrower/Tranche Description (continued) | Fair Value | Percentage of Net Assets |
LOANS*: (continued) | | |
| | Food Products: (continued) | | |
1,631,053 | | B&G Foods, Inc. 2019 Term Loan B4, 2.678%, (US0001M + 2.500%), 10/10/26 | $ 1,614,233 | 0.3 |
1,240,000 | | Froneri International PLC 2020 USD Term Loan, 2.428%, (US0001M + 2.250%), 01/29/27 | 1,170,767 | 0.2 |
2,531,970 | | IRB Holding Corp 2020 Term Loan B, 3.750%, (US0001M + 2.750%), 02/05/25 | 2,347,612 | 0.4 |
970,000 | (1),(2) | NPC International, Inc. 2nd Lien Term Loan, 7.844%, (US0003M + 7.500%), 04/18/25 | 27,888 | 0.0 |
3,105,989 | | Sigma Bidco B.V. 2018 USD Term Loan B, 4.451%, (US0003M + 3.000%), 07/02/25 | 2,986,927 | 0.5 |
| | | 12,353,436 | 2.1 |
| | | | |
| | Food Service: 1.1% | | |
1,994,987 | | 1011778 B.C. Unlimited Liability Company Term Loan B4, 1.928%, (US0001M + 1.750%), 11/19/26 | 1,896,734 | 0.3 |
400,571 | | Fogo De Chao, Inc. 2018 Add On Term Loan, 5.250%, (US0003M + 4.250%), 04/07/25 | 290,414 | 0.0 |
2,561,295 | | Golden Nugget, Inc. 2017 Incremental Term Loan B, 3.250%, (US0002M + 2.500%), 10/04/23 | 2,122,033 | 0.4 |
2,657,572 | | Hearthside Food Solutions, LLC 2018 Term Loan B, 3.866%, (US0001M + 3.688%), 05/23/25 | 2,538,646 | 0.4 |
| | | 6,847,827 | 1.1 |
| | | | |
| | Food/Drug Retailers: 1.5% | | |
3,176,301 | | EG Finco Limited 2018 USD Term Loan, 5.072%, (US0003M + 4.000%), 02/07/25 | 3,002,929 | 0.5 |
1,627,764 | | Moran Foods LLC 2020 2nd Lien Term Loan, 12.183%, (US0003M + 10.750%), 10/01/24 | 773,188 | 0.1 |
1,261,161 | | Moran Foods LLC 2020 Term Loan, 8.000%, (US0003M + 7.000%), 04/01/24 | 1,204,409 | 0.2 |
1,528,450 | | Portillos Holdings, LLC 2019 1st Lien Term Loan B3, 6.500%, (US0003M + 5.500%), 09/06/24 | 1,409,995 | 0.2 |
3,009,106 | | United Natural Foods, Inc. Term Loan B, 4.428%, (US0001M + 4.250%), 10/22/25 | 2,883,100 | 0.5 |
| | | 9,273,621 | 1.5 |
| | | | |
| | Forest Products: 0.3% | | |
1,771,613 | | LABL, Inc. 2019 USD Term Loan, 4.678%, (US0001M + 4.500%), 07/01/26 | 1,712,559 | 0.3 |
| | | | |
| | Health Care: 6.3% | | |
1,515,813 | | Accelerated Health Systems, LLC Term Loan B, 3.685%, (US0001M + 3.500%), 10/31/25 | 1,447,601 | 0.2 |
1,200,532 | | Air Methods Corporation 2017 Term Loan B, 4.500%, (US0003M + 3.500%), 04/22/24 | 991,940 | 0.2 |
1,367,779 | | Bausch Health Companies, Inc. 2018 Term Loan B, 3.190%, (US0001M + 3.000%), 06/02/25 | 1,329,951 | 0.2 |
1,022,379 | | Change Healthcare Holdings LLC 2017 Term Loan B, 3.500%, (US0001M + 2.500%), 03/01/24 | 984,466 | 0.2 |
1,200,000 | | Da Vinci Purchaser Corp. 2019 Term Loan, 5.238%, (US0006M + 4.000%), 01/08/27 | 1,171,000 | 0.2 |
1,213,807 | | DentalCorp Perfect Smile ULC 1st Lien Term Loan, 4.750%, (US0001M + 3.750%), 06/06/25 | 1,087,875 | 0.2 |
1,491,554 | | Envision Healthcare Corporation 2018 1st Lien Term Loan, 3.928%, (US0001M + 3.750%), 10/10/25 | 1,002,537 | 0.2 |
2,094,103 | | ExamWorks Group, Inc. 2017 Term Loan, 4.322%, (US0003M + 3.250%), 07/27/23 | 2,053,530 | 0.3 |
2,861,375 | | Global Medical Response, Inc. 2017 Term Loan B2, 5.250%, (US0003M + 4.250%), 03/14/25 | 2,739,254 | 0.4 |
1,111,960 | | Global Medical Response, Inc. 2018 Term Loan B1, 4.250%, (US0003M + 3.250%), 04/28/22 | 1,073,041 | 0.2 |
2,903,384 | | GoodRx, Inc. 1st Lien Term Loan, 2.928%, (US0001M + 2.750%), 10/10/25 | 2,782,408 | 0.5 |
2,548,320 | | Inovalon Holdings, Inc. 2020 Term Loan B1, 3.188%, (US0001M + 3.000%), 04/02/25 | 2,482,064 | 0.4 |
Principal Amount† | | Borrower/Tranche Description (continued) | Fair Value | Percentage of Net Assets |
LOANS*: (continued) | | |
| | Health Care: (continued) | | |
3,128,960 | | Jaguar Holding Company II 2018 Term Loan, 3.500%, (US0001M + 2.500%), 08/18/22 | $ 3,083,421 | 0.5 |
2,372,929 | | MPH Acquisition Holdings LLC 2016 Term Loan B, 3.750%, (US0003M + 2.750%), 06/07/23 | 2,256,755 | 0.4 |
609,009 | | Ortho-Clinical Diagnostics SA 2018 Term Loan B, 3.429%, (US0001M + 3.250%), 06/30/25 | 570,185 | 0.1 |
2,853,704 | | Phoenix Guarantor Inc 2020 Term Loan B, 3.435%, (US0001M + 3.250%), 03/05/26 | 2,755,607 | 0.5 |
2,175,664 | | RegionalCare Hospital Partners Holdings, Inc. 2018 Term Loan B, 3.928%, (US0001M + 3.750%), 11/17/25 | 2,038,325 | 0.3 |
2,580,282 | | Select Medical Corporation 2017 Term Loan B, 2.680%, (US0001M + 2.500%), 03/06/25 | 2,464,169 | 0.4 |
1,695,750 | | Sotera Health Holdings, LLC 2019 Term Loan, 5.500%, (US0001M + 4.500%), 12/11/26 | 1,662,364 | 0.3 |
835,000 | | Surgery Center Holdings, Inc. 2020 Term Loan B, 9.000%, (US0001M + 8.000%), 09/03/24 | 843,350 | 0.1 |
3,300,638 | | Vizient, Inc. 2020 Term Loan B6, 2.178%, (US0001M + 2.000%), 05/06/26 | 3,189,241 | 0.5 |
| | | 38,009,084 | 6.3 |
| | | | |
| | Home Furnishings: 0.4% | | |
2,555,700 | | Prime Security Services Borrower, LLC 2019 Term Loan B1, 4.250%, (US0001M + 3.250%), 09/23/26 | 2,463,056 | 0.4 |
| | | | |
| | Industrial: 0.5% | | |
2,855,494 | | NCI Building Systems, Inc. 2018 Term Loan, 3.941%, (US0001M + 3.750%), 04/12/25 | 2,725,806 | 0.5 |
| | | | |
| | Industrial Equipment: 1.8% | | |
2,462,625 | | APi Group DE, Inc. Term Loan B, 2.678%, (US0001M + 2.500%), 10/01/26 | 2,390,285 | 0.4 |
1,402,136 | | CPM Holdings, Inc. 2018 1st Lien Term Loan, 3.962%, (US0003M + 3.750%), 11/17/25 | 1,277,916 | 0.2 |
2,968,431 | | Filtration Group Corporation 2018 1st Lien Term Loan, 3.180%, (US0001M + 3.000%), 03/29/25 | 2,860,825 | 0.5 |
1,535,000 | | Gardner Denver, Inc. 2020 USD Term Loan B, 3.052%, (US0003M + 2.750%), 03/01/27 | 1,499,503 | 0.2 |
1,850,988 | | Granite Holdings US Acquisition Co. Term Loan B, 6.322%, (US0003M + 5.250%), 09/30/26 | 1,628,869 | 0.3 |
1,050,000 | | Star US Bidco LLC Term Loan B, 5.250%, (US0001M + 4.250%), 03/17/27 | 967,313 | 0.2 |
| | | 10,624,711 | 1.8 |
| | | | |
| | Insurance: 5.2% | | |
1,955,268 | | Achilles Acquisition LLC 2018 Term Loan, 4.188%, (US0001M + 4.000%), 10/13/25 | 1,872,169 | 0.3 |
3,266,952 | | Acrisure, LLC 2020 Term Loan B, 3.678%, (US0001M + 3.500%), 02/15/27 | 3,095,437 | 0.5 |
2,808,792 | | Alera Group Holdings, Inc. 2018 Term Loan B, 5.072%, (US0006M + 4.000%), 08/01/25 | 2,703,462 | 0.5 |
1,115,356 | | Alliant Holdings Intermediate, LLC 2018 Term Loan B, 2.928%, (US0001M + 2.750%), 05/09/25 | 1,059,588 | 0.2 |
2,396,888 | | Alliant Holdings Intermediate, LLC Term Loan B, 3.440%, (US0001M + 3.250%), 05/09/25 | 2,305,207 | 0.4 |
2,604,664 | | AmWINS Group, Inc. 2017 Term Loan B, 3.750%, (US0001M + 2.750%), 01/25/24 | 2,537,920 | 0.4 |
1,797,625 | | Aretec Group, Inc. 2018 Term Loan, 4.428%, (US0001M + 4.250%), 10/01/25 | 1,653,815 | 0.3 |
3,334,425 | | AssuredPartners, Inc. 2020 Term Loan B, 3.678%, (US0001M + 3.500%), 02/12/27 | 3,196,880 | 0.5 |
1,534,319 | | CCC Information Services, Inc. 2017 1st Lien Term Loan, 4.000%, (US0001M + 3.000%), 04/29/24 | 1,483,687 | 0.2 |
1,200,908 | | Hub International Limited 2018 Term Loan B, 4.020%, (US0003M + 3.000%), 04/25/25 | 1,148,369 | 0.2 |
Principal Amount† | | Borrower/Tranche Description (continued) | Fair Value | Percentage of Net Assets |
LOANS*: (continued) | | |
| | Insurance: (continued) | | |
2,747,138 | | NFP Corp. 2020 Term Loan, 3.428%, (US0001M + 3.250%), 02/15/27 | $ 2,568,574 | 0.4 |
3,756,168 | | Sedgwick Claims Management Services, Inc. 2018 Term Loan B, 3.428%, (US0001M + 3.250%), 12/31/25 | 3,557,402 | 0.6 |
3,276,881 | | USI, Inc. 2017 Repriced Term Loan, 3.308%, (US0003M + 3.000%), 05/16/24 | 3,119,590 | 0.5 |
965,150 | | USI, Inc. 2019 Incremental Term Loan B, 4.308%, (US0003M + 4.000%), 12/02/26 | 938,005 | 0.2 |
| | | 31,240,105 | 5.2 |
| | | | |
| | Leisure Good/Activities/Movies: 4.0% | | |
1,147,560 | (2),(3),(4) | 24 Hour Fitness Worldwide, Inc. 2020 DIP New Money Term Loan, 11.000%, (US0003M + 10.000%), 06/15/21 | 1,044,279 | 0.2 |
184,538 | | Alterra Mountain Company 2020 Term Loan B, 5.500%, (US0003M + 4.500%), 08/01/26 | 181,769 | 0.0 |
1,726,677 | | AMC Entertainment Holdings Inc. 2019 Term Loan B, 4.080%, (US0003M + 3.000%), 04/22/26 | 1,262,324 | 0.2 |
1,515,000 | | Bombardier Recreational Products, Inc. 2020 Incremental Term Loan B2, 6.000%, (US0003M + 5.000%), 05/24/27 | 1,522,575 | 0.3 |
1,247 | | Bombardier Recreational Products, Inc. 2020 Term Loan, 2.178%, (US0001M + 2.000%), 05/24/27 | 1,191 | 0.0 |
2,755,791 | | ClubCorp Club Operations, Inc. 2017 Incremental Term Loan, 3.058%, (US0003M + 2.750%), 09/18/24 | 2,350,689 | 0.4 |
1,811,263 | | Crown Finance US, Inc. 2019 Incremental Term Loan, 3.572%, (US0006M + 2.500%), 09/30/26 | 1,357,154 | 0.2 |
1,177,322 | | Equinox Holdings, Inc. 2017 1st Lien Term Loan, 4.072%, (US0006M + 3.000%), 03/08/24 | 907,273 | 0.2 |
3,058,485 | | Fitness International, LLC 2018 Term Loan B, 4.322%, (US0006M + 3.250%), 04/18/25 | 1,965,077 | 0.3 |
2,954,545 | | Intrawest Resorts Holdings, Inc. Term Loan B1, 2.928%, (US0001M + 2.750%), 07/31/24 | 2,793,892 | 0.5 |
2,033,487 | | Kingpin Intermediate Holdings LLC 2018 Term Loan B, 4.500%, (US0001M + 3.500%), 07/03/24 | 1,738,631 | 0.3 |
180,759 | | Motion Finco Sarl Delayed Draw Term Loan B2, 4.320%, (US0006M + 3.250%), 11/04/26 | 164,717 | 0.0 |
1,371,903 | | Motion Finco Sarl USD Term Loan B1, 4.322%, (US0006M + 3.250%), 11/13/26 | 1,250,146 | 0.2 |
2,530,125 | | Playtika Holding Corp Term Loan B, 7.072%, (US0003M + 6.000%), 12/10/24 | 2,534,869 | 0.4 |
2,799,649 | | Thor Industries, Inc. USD Term Loan B, 3.938%, (US0001M + 3.750%), 02/01/26 | 2,755,468 | 0.5 |
1,625,250 | | WeddingWire, Inc. 1st Lien Term Loan, 4.808%, (US0001M + 4.500%), 12/19/25 | 1,483,041 | 0.2 |
600,000 | | WeddingWire, Inc. 2nd Lien Term Loan, 8.558%, (US0003M + 8.250%), 12/21/26 | 549,000 | 0.1 |
| | | 23,862,095 | 4.0 |
| | | | |
| | Lodging & Casinos: 3.9% | | |
1,125,000 | | Aristocrat Leisure Limited 2020 Incremental Term Loan B, 4.750%, (US0003M + 3.750%), 10/19/24 | 1,120,781 | 0.2 |
3,483,806 | | Caesars Resort Collection, LLC 2017 1st Lien Term Loan B, 2.928%, (US0001M + 2.750%), 12/23/24 | 3,121,877 | 0.5 |
2,830,000 | | Caesars Resort Collection, LLC 2020 Term Loan, 4.802%, (US0003M + 4.500%), 06/19/25 | 2,668,792 | 0.4 |
3,519,656 | | Everi Payments Inc. Term Loan B, 3.822%, (US0003M + 2.750%), 05/09/24 | 3,336,194 | 0.6 |
2,031,250 | | Golden Entertainment, Inc. 2017 1st Lien Term Loan, 3.750%, (US0001M + 3.000%), 10/21/24 | 1,861,133 | 0.3 |
1,636,364 | | Hilton Worldwide Finance, LLC 2019 Term Loan B2, 1.935%, (US0001M + 1.750%), 06/22/26 | 1,534,091 | 0.3 |
3,881,950 | | PCI Gaming Authority Term Loan, 2.678%, (US0001M + 2.500%), 05/29/26 | 3,733,951 | 0.6 |
Principal Amount† | | Borrower/Tranche Description (continued) | Fair Value | Percentage of Net Assets |
LOANS*: (continued) | | |
| | Lodging & Casinos: (continued) | | |
997,468 | | Penn National Gaming, Inc. 2018 1st Lien Term Loan B, 3.000%, (US0003M + 2.250%), 10/15/25 | $ 931,635 | 0.1 |
2,653,913 | | Scientific Games International, Inc. 2018 Term Loan B5, 3.476%, (US0006M + 2.750%), 08/14/24 | 2,352,693 | 0.4 |
1,740,091 | | Stars Group Holdings B.V. (The) 2018 USD Incremental Term Loan, 3.808%, (US0003M + 3.500%), 07/10/25 | 1,734,018 | 0.3 |
1,119,520 | | Station Casinos LLC 2020 Term Loan B, 2.500%, (US0001M + 2.250%), 02/08/27 | 1,030,891 | 0.2 |
| | | 23,426,056 | 3.9 |
| | | | |
| | Nonferrous Metals/Minerals: 0.9% | | |
4,630,499 | (1),(2) | Covia Holdings Corporation Term Loan, 5.387%, (US0003M + 4.000%), 06/01/25 | 2,849,688 | 0.5 |
3,481,064 | | U.S. Silica Company 2018 Term Loan B, 5.000%, (US0001M + 4.000%), 05/01/25 | 2,509,266 | 0.4 |
| | | 5,358,954 | 0.9 |
| | | | |
| | Oil & Gas: 1.0% | | |
2,670,000 | | Encino Acquisition Partners Holdings, LLC 2018 2nd Lien Term Loan, 7.750%, (US0001M + 6.750%), 10/29/25 | 1,929,075 | 0.3 |
2,241,516 | | Glass Mountain Pipeline Holdings, LLC Term Loan B, 5.500%, (US0003M + 4.500%), 12/23/24 | 1,176,796 | 0.2 |
958,306 | | HGIM Corp. 2018 Exit Term Loan, 7.713%, (US0003M + 6.000%), 07/02/23 | 464,778 | 0.1 |
1,522,069 | | Lower Cadence Holdings LLC Term Loan B, 4.184%, (US0001M + 4.000%), 05/22/26 | 1,362,252 | 0.2 |
832,325 | | Moda Ingleside Energy Center, LLC 2018 Term Loan B, 3.428%, (US0001M + 3.250%), 09/29/25 | 813,077 | 0.2 |
| | | 5,745,978 | 1.0 |
| | | | |
| | Publishing: 0.3% | | |
2,000,000 | | Meredith Corporation 2020 Term Loan B2, 3.260%, (US0003M + 2.500%), 01/31/25 | 1,865,000 | 0.3 |
| | | | |
| | Radio & Television: 4.6% | | |
2,669,825 | | Clear Channel Outdoor Holdings, Inc. Term Loan B, 4.260%, (US0003M + 3.500%), 08/21/26 | 2,436,215 | 0.4 |
1,195,963 | | Cumulus Media New Holdings Inc. Term Loan B, 4.058%, (US0003M + 3.750%), 03/31/26 | 1,127,195 | 0.2 |
2,833,563 | | Diamond Sports Group, LLC Term Loan, 3.430%, (US0003M + 3.250%), 08/24/26 | 2,319,979 | 0.4 |
3,331,639 | | Entercom Media Corp. 2019 Term Loan, 2.684%, (US0001M + 2.500%), 11/18/24 | 3,127,576 | 0.5 |
3,120,420 | | iHeartCommunications, Inc. 2020 Term Loan, 3.178%, (US0001M + 3.000%), 05/01/26 | 2,888,988 | 0.5 |
3,667,670 | | NASCAR Holdings, Inc Term Loan B, 2.930%, (US0003M + 2.750%), 10/19/26 | 3,531,966 | 0.6 |
2,072,072 | | Nexstar Broadcasting, Inc. 2019 Term Loan B4, 2.923%, (US0001M + 2.750%), 09/18/26 | 1,976,238 | 0.3 |
3,994,921 | | Sinclair Television Group Inc. Term Loan B2B, 2.690%, (US0001M + 2.500%), 09/30/26 | 3,822,640 | 0.7 |
3,706,979 | | Terrier Media Buyer, Inc. Term Loan B, 4.428%, (US0001M + 4.250%), 12/17/26 | 3,549,433 | 0.6 |
2,701,235 | | Univision Communications Inc. Term Loan C5, 2.928%, (US0001M + 2.750%), 03/15/24 | 2,509,899 | 0.4 |
| | | 27,290,129 | 4.6 |
| | | | |
| | Retailers (Except Food & Drug): 2.1% | | |
3,449,091 | | Bass Pro Group, LLC Term Loan B, 5.178%, (US0001M + 5.000%), 09/25/24 | 3,333,546 | 0.5 |
1,923,727 | | Belk, Inc. 2019 Term Loan B, 7.750%, (US0003M + 6.750%), 07/31/25 | 701,198 | 0.1 |
1,117,453 | | BJs Wholesale Club, Inc. 2017 1st Lien Term Loan, 2.435%, (US0001M + 2.250%), 02/03/24 | 1,085,606 | 0.2 |
1,907,265 | | Jo-Ann Stores, Inc. 2016 Term Loan, 5.395%, (US0006M + 5.000%), 10/20/23 | 1,192,041 | 0.2 |
3,659,337 | | Leslies Poolmart, Inc. 2016 Term Loan, 3.678%, (US0001M + 3.500%), 08/16/23 | 3,517,081 | 0.6 |
Principal Amount† | | Borrower/Tranche Description (continued) | Fair Value | Percentage of Net Assets |
LOANS*: (continued) | | |
| | Retailers (Except Food & Drug): (continued) | | |
5,963,266 | | Mens Wearhouse, Inc. (The) 2018 Term Loan, 4.335%, (US0001M + 3.250%), 04/09/25 | $ 1,013,755 | 0.2 |
2,098,327 | | Petco Animal Supplies, Inc. 2017 Term Loan B, 4.250%, (US0003M + 3.250%), 01/26/23 | 1,718,005 | 0.3 |
| | | 12,561,232 | 2.1 |
| | | | |
| | Surface Transport: 1.7% | | |
3,209,817 | | Navistar International Corporation 2017 1st Lien Term Loan B, 3.700%, (US0001M + 3.500%), 11/06/24 | 3,049,327 | 0.5 |
3,240,442 | | PODS, LLC 2018 1st Lien Term Loan, 3.750%, (US0001M + 2.750%), 12/06/24 | 3,113,524 | 0.5 |
3,380,212 | | Savage Enterprises LLC 2020 Term Loan B, 3.190%, (US0001M + 3.000%), 08/01/25 | 3,273,526 | 0.6 |
567,059 | | XPO Logistics, Inc. 2018 Term Loan B, 2.184%, (US0001M + 2.000%), 02/24/25 | 555,245 | 0.1 |
182,941 | | XPO Logistics, Inc. 2019 Term Loan B1, 2.694%, (US0001M + 2.500%), 02/24/25 | 179,511 | 0.0 |
| | | 10,171,133 | 1.7 |
| | | | |
| | Technology: 0.5% | | |
3,267,353 | | Misys (Finastra) - TL B 1L, 4.500%, (US0006M + 3.500%), 06/13/24 | 2,871,186 | 0.5 |
| | | | |
| | Telecommunications: 8.0% | | |
1,920,204 | | Altice Financing SA 2017 USD Term Loan B, 2.935%, (US0001M + 2.750%), 07/15/25 | 1,824,194 | 0.3 |
1,920,750 | | Altice Financing SA USD 2017 1st Lien Term Loan, 2.930%, (US0001M + 2.750%), 01/31/26 | 1,821,511 | 0.3 |
1,649,000 | | Altice France S.A. USD Term Loan B11, 2.928%, (US0001M + 2.750%), 07/31/25 | 1,570,672 | 0.3 |
4,320,506 | | Altice France S.A. USD Term Loan B12, 3.872%, (US0001M + 3.688%), 01/31/26 | 4,153,086 | 0.7 |
3,600,000 | | Asurion LLC 2017 2nd Lien Term Loan, 6.678%, (US0001M + 6.500%), 08/04/25 | 3,587,249 | 0.6 |
3,996,438 | | Asurion LLC 2017 Term Loan B4, 3.178%, (US0001M + 3.000%), 08/04/22 | 3,900,276 | 0.7 |
2,972,709 | | Asurion LLC 2018 Term Loan B7, 3.178%, (US0001M + 3.000%), 11/03/24 | 2,878,885 | 0.5 |
3,695,256 | | Avaya, Inc. 2018 Term Loan B, 4.435%, (US0001M + 4.250%), 12/15/24 | 3,421,190 | 0.6 |
4,079,500 | | CenturyLink, Inc. 2020 Term Loan B, 2.428%, (US0001M + 2.250%), 03/15/27 | 3,858,314 | 0.6 |
3,319,888 | | CommScope, Inc. 2019 Term Loan B, 3.428%, (US0001M + 3.250%), 04/06/26 | 3,162,193 | 0.5 |
2,428,913 | | Connect Finco Sarl Term Loan B, 5.500%, (US0001M + 4.500%), 12/11/26 | 2,294,108 | 0.4 |
247,605 | | Flexential Intermediate Corporation 2017 1st Lien Term Loan, 3.808%, (US0003M + 3.500%), 08/01/24 | 200,973 | 0.0 |
2,614,716 | | Global Tel*Link Corporation 2018 1st Lien Term Loan, 4.428%, (US0001M + 4.250%), 11/29/25 | 2,280,524 | 0.4 |
2,225,000 | | Global Tel*Link Corporation 2018 2nd Lien Term Loan, 8.428%, (US0001M + 8.250%), 11/29/26 | 1,707,687 | 0.3 |
1,835,400 | | Iridium Satellite LLC Term Loan, 4.750%, (US0001M + 3.750%), 11/04/26 | 1,805,116 | 0.3 |
770,000 | | Northwest Fiber, LLC Term Loan B, 5.673%, (US0003M + 5.500%), 05/21/27 | 766,150 | 0.1 |
1,506 | | Speedcast Communications, Inc. 2020 DIP Roll-Up Delayed Draw Term Loan, 5.000%, (PRIME + 1.750%), 01/22/21 | 1,474 | 0.0 |
3,815,000 | | T-Mobile USA, Inc. 2020 Term Loan, 3.178%, (US0001M + 3.000%), 04/01/27 | 3,815,000 | 0.6 |
3,974,062 | | Zayo Group Holdings, Inc. USD Term Loan, 3.178%, (US0001M + 3.000%), 03/09/27 | 3,779,706 | 0.6 |
940,000 | | Ziggo Financing Partnership USD Term Loan I, 2.685%, (US0001M + 2.500%), 04/30/28 | 890,650 | 0.2 |
| | | 47,718,958 | 8.0 |
Principal Amount† | | Borrower/Tranche Description (continued) | Fair Value | Percentage of Net Assets |
LOANS*: (continued) | | |
| | Utilities: 1.7% | | |
1,488,251 | | Calpine Corporation Term Loan B5, 2.430%, (US0001M + 2.250%), 01/15/24 | $ 1,439,573 | 0.2 |
2,075,688 | | LMBE-MC Holdco II LLC Term Loan B, 4.310%, (US0003M + 4.000%), 12/03/25 | 2,023,796 | 0.3 |
409,920 | (2),(4) | Longview Power LLC 2020 Exit Term Loan, 10.344%, (US0003M + 10.000%), 05/26/25 | 405,821 | 0.1 |
3,192,252 | (1),(2) | Longview Power LLC Term Loan B, 6.302%, (US0003M + 6.000%), 04/13/21 | 482,828 | 0.1 |
2,237,780 | | Nautilus Power, LLC Term Loan B, 5.250%, (US0001M + 4.250%), 05/16/24 | 2,153,863 | 0.4 |
2,108,725 | | Sabre Industries, Inc. 2019 Term Loan B, 4.494%, (US0006M + 3.500%), 04/15/26 | 2,058,642 | 0.3 |
1,720,373 | | Southeast PowerGen, LLC Term Loan B, 4.500%, (US0001M + 3.500%), 12/02/21 | 1,595,646 | 0.3 |
| | | 10,160,169 | 1.7 |
| | | | |
| Total Loans | | |
| (Cost $630,052,900) | 573,474,433 | 95.8 |
| | | | |
Shares | | | Value | Percentage of Net Assets |
EQUITIES AND OTHER ASSETS: 0.0% |
69,381 | (5) | Cumulus Media, Inc. Class-A | 274,055 | 0.0 |
2,254 | (5) | Harvey Gulf International Marine LLC | 13,524 | 0.0 |
10,072 | (5) | Harvey Gulf International Marine LLC - Warrants | 60,432 | 0.0 |
88,701 | (4),(5) | Save-A-Lot, Inc. / Moran Foods | – | 0.0 |
42,856 | (5) | The Oneida Group (formerly EveryWare Global, Inc.) | 2,143 | 0.0 |
| Total Equities and Other Assets | | |
| (Cost $1,810,610) | 350,154 | 0.0 |
| | | | |
| Total Long-Term Investments | | |
| (Cost $631,863,510) | 573,824,587 | 95.8 |
| | | | |
SHORT-TERM INVESTMENTS: 3.6% |
| | Mutual Funds: 3.6% | | |
| (6) | State Street Institutional Liquid Reserves Fund - Premier Class, 0.350% | | |
21,498,187 | | (Cost $21,497,955) | $ 21,506,786 | 3.6 |
| | | | |
| Total Short-Term Investments | | |
| (Cost $21,497,955) | 21,506,786 | 3.6 |
The following is a summary of the fair valuations according to the inputs used as of June 30, 2020 in valuing the assets and liabilities: