Principal Amount† | | | Value | Percentage of Net Assets |
CORPORATE BONDS/NOTES: 96.4% | |
| | Basic Materials: 6.4% |
1,625,000 | (1),(2) | Cleveland-Cliffs, Inc., 4.625%, 03/01/2029 | $ 1,711,970 | 0.2 |
1,350,000 | (1),(2) | Cleveland-Cliffs, Inc., 4.875%, 03/01/2031 | 1,419,241 | 0.1 |
2,300,000 | (2) | Coeur Mining, Inc., 5.125%, 02/15/2029 | 2,284,659 | 0.2 |
1,775,000 | (2) | Compass Minerals International, Inc., 6.750%, 12/01/2027 | 1,910,344 | 0.2 |
2,025,000 | (2) | Constellium SE, 5.625%, 06/15/2028 | 2,179,416 | 0.2 |
2,050,000 | (2) | Element Solutions, Inc., 3.875%, 09/01/2028 | 2,094,618 | 0.2 |
2,700,000 | (2) | First Quantum Minerals Ltd., 6.875%, 10/15/2027 | 2,945,565 | 0.3 |
1,590,000 | (2) | FMG Resources August 2006 Pty Ltd., 4.375%, 04/01/2031 | 1,703,152 | 0.2 |
4,080,000 | | Freeport-McMoRan, Inc., 4.125%, 03/01/2028 | 4,263,600 | 0.5 |
350,000 | | Freeport-McMoRan, Inc., 4.250%, 03/01/2030 | 375,375 | 0.0 |
950,000 | | Freeport-McMoRan, Inc., 4.550%, 11/14/2024 | 1,034,313 | 0.1 |
965,000 | | Freeport-McMoRan, Inc., 4.625%, 08/01/2030 | 1,057,992 | 0.1 |
2,100,000 | (2) | Hudbay Minerals, Inc., 4.500%, 04/01/2026 | 2,110,500 | 0.2 |
2,200,000 | (2) | Illuminate Buyer LLC / Illuminate Holdings IV, Inc., 9.000%, 07/01/2028 | 2,457,444 | 0.3 |
2,200,000 | (2) | INEOS Quattro Finance 2 Plc, 3.375%, 01/15/2026 | 2,231,856 | 0.2 |
2,450,000 | (2),(3) | Iris Holdings, Inc., 8.750% (PIK Rate 9.500%, Cash Rate 8.750%), 02/15/2026 | 2,503,288 | 0.3 |
2,253,000 | (2) | Joseph T Ryerson & Son, Inc., 8.500%, 08/01/2028 | 2,508,862 | 0.3 |
2,375,000 | (2) | Kraton Polymers LLC / Kraton Polymers Capital Corp., 4.250%, 12/15/2025 | 2,429,744 | 0.3 |
500,000 | (2) | Novelis Corp., 4.750%, 01/30/2030 | 525,625 | 0.1 |
3,175,000 | (2) | Novelis Corp., 5.875%, 09/30/2026 | 3,306,777 | 0.3 |
1,576,000 | (2) | OCI NV, 4.625%, 10/15/2025 | 1,648,646 | 0.2 |
650,000 | (2) | OCI NV, 5.250%, 11/01/2024 | 671,489 | 0.1 |
1,350,000 | | Olin Corp., 5.125%, 09/15/2027 | 1,406,700 | 0.1 |
2,425,000 | | Olin Corp., 5.000%, 02/01/2030 | 2,593,040 | 0.3 |
2,725,000 | (2) | Schweitzer-Mauduit International, Inc., 6.875%, 10/01/2026 | 2,894,468 | 0.3 |
2,375,000 | (1),(2) | Taseko Mines Ltd., 7.000%, 02/15/2026 | 2,478,906 | 0.3 |
2,640,000 | (2) | Trinseo Materials Operating SCA / Trinseo Materials Finance, Inc., 5.375%, 09/01/2025 | 2,710,831 | 0.3 |
2,325,000 | (2) | Tronox, Inc., 4.625%, 03/15/2029 | 2,351,133 | 0.2 |
2,625,000 | (2) | Venator Finance Sarl / Venator Materials LLC, 5.750%, 07/15/2025 | 2,588,736 | 0.3 |
| | | 60,398,290 | 6.4 |
| | | | |
| | Communications: 15.1% |
1,900,000 | (2) | Acuris Finance Us, Inc. / Acuris Finance SARL, 5.000%, 05/01/2028 | 1,899,933 | 0.2 |
2,450,000 | (2) | Altice France Holding SA, 6.000%, 02/15/2028 | 2,443,091 | 0.3 |
3,375,000 | (2) | Altice France Holding SA, 10.500%, 05/15/2027 | 3,754,738 | 0.4 |
2,075,000 | (2) | Altice France SA/France, 5.125%, 01/15/2029 | 2,089,546 | 0.2 |
2,125,000 | (2) | Altice France SA/France, 8.125%, 02/01/2027 | 2,317,844 | 0.2 |
2,550,000 | (2) | Beasley Mezzanine Holdings LLC, 8.625%, 02/01/2026 | 2,581,875 | 0.3 |
4,125,000 | | CCO Holdings LLC / CCO Holdings Capital Corp., 4.500%, 05/01/2032 | 4,288,824 | 0.5 |
3,825,000 | (2) | CCO Holdings LLC / CCO Holdings Capital Corp., 5.125%, 05/01/2027 | 4,016,824 | 0.4 |
2,325,000 | (2) | CCO Holdings LLC / CCO Holdings Capital Corp., 5.000%, 02/01/2028 | 2,441,250 | 0.3 |
1,425,000 | (2) | Clear Channel Outdoor Holdings, Inc., 7.500%, 06/01/2029 | 1,477,136 | 0.2 |
1,325,000 | (1),(2) | Clear Channel Outdoor Holdings, Inc., 7.750%, 04/15/2028 | 1,389,667 | 0.1 |
275,000 | (2) | CommScope Technologies LLC, 5.000%, 03/15/2027 | 281,875 | 0.0 |
3,032,000 | (2) | CommScope Technologies LLC, 6.000%, 06/15/2025 | 3,100,220 | 0.3 |
1,685,000 | (2) | CommScope, Inc., 7.125%, 07/01/2028 | 1,828,410 | 0.2 |
3,425,000 | (2) | Connect Finco SARL / Connect US Finco LLC, 6.750%, 10/01/2026 | 3,626,253 | 0.4 |
2,900,000 | (2) | CSC Holdings LLC, 4.625%, 12/01/2030 | 2,848,844 | 0.3 |
1,875,000 | | CSC Holdings LLC, 5.250%, 06/01/2024 | 2,034,288 | 0.2 |
1,870,000 | (2) | CSC Holdings LLC, 5.750%, 01/15/2030 | 1,944,800 | 0.2 |
1,025,000 | (2) | CSC Holdings LLC, 7.500%, 04/01/2028 | 1,127,977 | 0.1 |
Principal Amount† | | | Value | Percentage of Net Assets |
CORPORATE BONDS/NOTES: (continued) | |
| | Communications: (continued) |
1,850,000 | (2) | Diamond Sports Group LLC / Diamond Sports Finance Co., 5.375%, 08/15/2026 | $ 1,200,280 | 0.1 |
1,100,000 | (1),(2) | Diamond Sports Group LLC / Diamond Sports Finance Co., 6.625%, 08/15/2027 | 541,750 | 0.1 |
1,750,000 | (2) | DISH DBS Corp., 5.125%, 06/01/2029 | 1,730,190 | 0.2 |
1,750,000 | | DISH DBS Corp., 5.875%, 11/15/2024 | 1,881,250 | 0.2 |
3,025,000 | (1) | DISH DBS Corp., 7.375%, 07/01/2028 | 3,259,074 | 0.3 |
2,500,000 | | Embarq Corp., 7.995%, 06/01/2036 | 2,837,250 | 0.3 |
535,000 | (2) | Frontier Communications Holdings LLC, 5.000%, 05/01/2028 | 553,768 | 0.1 |
2,425,000 | (2) | Frontier Communications Holdings LLC, 6.750%, 05/01/2029 | 2,583,280 | 0.3 |
2,225,000 | (2) | GCI LLC, 4.750%, 10/15/2028 | 2,281,737 | 0.2 |
2,625,000 | | Hughes Satellite Systems Corp., 6.625%, 08/01/2026 | 2,951,721 | 0.3 |
875,000 | (2) | iHeartCommunications, Inc., 5.250%, 08/15/2027 | 916,475 | 0.1 |
3,375,000 | | iHeartCommunications, Inc., 8.375%, 05/01/2027 | 3,619,721 | 0.4 |
1,800,000 | (2) | ION Trading Technologies Sarl, 5.750%, 05/15/2028 | 1,874,214 | 0.2 |
1,100,000 | (2) | LCPR Senior Secured Financing DAC, 5.125%, 07/15/2029 | 1,140,601 | 0.1 |
2,900,000 | (2) | LCPR Senior Secured Financing DAC, 6.750%, 10/15/2027 | 3,133,290 | 0.3 |
1,955,000 | (2) | LogMeIn, Inc., 5.500%, 09/01/2027 | 2,027,433 | 0.2 |
875,000 | | Lumen Technologies, Inc., 5.625%, 04/01/2025 | 951,366 | 0.1 |
2,350,000 | (2) | MDC Partners, Inc., 7.500%, 05/01/2024 | 2,382,312 | 0.3 |
2,548,000 | | Meredith Corp., 6.875%, 02/01/2026 | 2,653,245 | 0.3 |
1,900,000 | (2) | Midcontinent Communications / Midcontinent Finance Corp., 5.375%, 08/15/2027 | 2,001,593 | 0.2 |
2,150,000 | (2) | National CineMedia LLC, 5.875%, 04/15/2028 | 2,115,514 | 0.2 |
650,000 | (2) | Netflix, Inc., 4.875%, 06/15/2030 | 774,917 | 0.1 |
2,775,000 | | Netflix, Inc., 5.875%, 11/15/2028 | 3,409,684 | 0.4 |
3,325,000 | (2) | Radiate Holdco LLC / Radiate Finance, Inc., 6.500%, 09/15/2028 | 3,497,917 | 0.4 |
400,000 | (2) | Scripps Escrow II, Inc., 3.875%, 01/15/2029 | 397,404 | 0.0 |
500,000 | (2) | Scripps Escrow II, Inc., 5.375%, 01/15/2031 | 499,048 | 0.1 |
2,500,000 | (2) | Scripps Escrow, Inc., 5.875%, 07/15/2027 | 2,591,925 | 0.3 |
2,675,000 | (2) | Sinclair Television Group, Inc., 4.125%, 12/01/2030 | 2,631,531 | 0.3 |
2,225,000 | (2) | Sirius XM Radio, Inc., 5.000%, 08/01/2027 | 2,336,528 | 0.2 |
2,350,000 | (2) | Spanish Broadcasting System, Inc., 9.750%, 03/01/2026 | 2,381,161 | 0.2 |
5,495,000 | | Sprint Corp., 7.125%, 06/15/2024 | 6,346,725 | 0.7 |
1,600,000 | | Sprint Corp., 7.625%, 03/01/2026 | 1,956,208 | 0.2 |
885,000 | (2) | Summer BC Bidco B LLC, 5.500%, 10/31/2026 | 900,877 | 0.1 |
355,000 | | TEGNA, Inc., 4.625%, 03/15/2028 | 368,756 | 0.0 |
850,000 | (2) | TEGNA, Inc., 4.750%, 03/15/2026 | 906,313 | 0.1 |
2,400,000 | | TEGNA, Inc., 5.000%, 09/15/2029 | 2,518,056 | 0.3 |
1,550,000 | | Telecom Italia Capital SA, 6.000%, 09/30/2034 | 1,790,250 | 0.2 |
1,775,000 | | Telecom Italia Capital SA, 6.375%, 11/15/2033 | 2,123,308 | 0.2 |
875,000 | (2) | Univision Communications, Inc., 4.500%, 05/01/2029 | 883,584 | 0.1 |
4,060,000 | (2) | Univision Communications, Inc., 6.625%, 06/01/2027 | 4,404,288 | 0.5 |
2,325,000 | (2) | Urban One, Inc., 7.375%, 02/01/2028 | 2,513,941 | 0.3 |
1,575,000 | (4) | ViacomCBS, Inc., 6.250%, 02/28/2057 | 1,805,635 | 0.2 |
2,250,000 | (2) | ViaSat, Inc., 5.625%, 09/15/2025 | 2,300,119 | 0.2 |
400,000 | (2) | ViaSat, Inc., 5.625%, 04/15/2027 | 418,664 | 0.0 |
1,160,000 | (2) | ViaSat, Inc., 6.500%, 07/15/2028 | 1,238,694 | 0.1 |
875,000 | (2) | Virgin Media Secured Finance PLC, 5.500%, 05/15/2029 | 941,719 | 0.1 |
2,600,000 | (2) | Virgin Media Vendor Financing Notes IV DAC, 5.000%, 07/15/2028 | 2,661,373 | 0.3 |
1,800,000 | (2) | Vmed O2 UK Financing I PLC, 4.750%, 07/15/2031 | 1,831,500 | 0.2 |
| | | 142,559,584 | 15.1 |
| | | | |
| | Consumer, Cyclical: 22.8% |
2,100,000 | (2) | 1011778 BC ULC / New Red Finance, Inc., 4.000%, 10/15/2030 | 2,034,375 | 0.2 |
2,475,000 | (2) | Academy Ltd., 6.000%, 11/15/2027 | 2,654,029 | 0.3 |
2,675,000 | (2) | Adams Homes, Inc., 7.500%, 02/15/2025 | 2,803,734 | 0.3 |
Principal Amount† | | | Value | Percentage of Net Assets |
CORPORATE BONDS/NOTES: (continued) | |
| | Consumer, Cyclical: (continued) |
3,125,000 | (1),(2) | Adient Global Holdings Ltd., 4.875%, 08/15/2026 | $ 3,220,250 | 0.3 |
665,000 | (2) | Adient US LLC, 9.000%, 04/15/2025 | 734,147 | 0.1 |
3,325,000 | (2) | Affinity Gaming, 6.875%, 12/15/2027 | 3,540,610 | 0.4 |
2,625,000 | (2) | Allison Transmission, Inc., 5.875%, 06/01/2029 | 2,879,625 | 0.3 |
320,000 | (2) | Ambience Merger Sub, Inc., 4.875%, 07/15/2028 | 321,600 | 0.0 |
640,000 | (2) | Ambience Merger Sub, Inc., 7.125%, 07/15/2029 | 648,000 | 0.1 |
904,823 | | American Airlines 2014-1 Class A Pass Through Trust, 3.700%, 04/01/2028 | 921,774 | 0.1 |
931,071 | | American Airlines 2015-2 Class A Pass Through Trust, 4.000%, 03/22/2029 | 918,331 | 0.1 |
3,500,000 | (1),(2) | American Airlines Group, Inc., 3.750%, 03/01/2025 | 3,229,327 | 0.3 |
1,285,000 | (2) | American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.500%, 04/20/2026 | 1,362,100 | 0.1 |
1,425,000 | (2) | American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.750%, 04/20/2029 | 1,542,562 | 0.2 |
2,225,000 | (1) | American Axle & Manufacturing, Inc., 6.875%, 07/01/2028 | 2,433,238 | 0.3 |
1,375,000 | | Asbury Automotive Group, Inc., 4.500%, 03/01/2028 | 1,415,562 | 0.1 |
1,155,000 | | Asbury Automotive Group, Inc., 4.750%, 03/01/2030 | 1,208,996 | 0.1 |
1,500,000 | (2) | Ashton Woods USA LLC / Ashton Woods Finance Co., 6.625%, 01/15/2028 | 1,603,792 | 0.2 |
1,000,000 | (2) | Ashton Woods USA LLC / Ashton Woods Finance Co., 6.750%, 08/01/2025 | 1,039,895 | 0.1 |
525,000 | (2),(3) | BCPE Ulysses Intermediate, Inc., 7.750% (PIK Rate 8.500%, Cash Rate 7.750%), 04/01/2027 | 538,842 | 0.1 |
1,525,000 | (2) | Boyd Gaming Corp., 4.750%, 06/15/2031 | 1,584,094 | 0.2 |
2,075,000 | (2) | Boyd Gaming Corp., 8.625%, 06/01/2025 | 2,290,011 | 0.2 |
1,520,000 | (2) | Boyne USA, Inc., 4.750%, 05/15/2029 | 1,572,615 | 0.2 |
2,325,000 | (2) | Caesars Entertainment, Inc., 6.250%, 07/01/2025 | 2,467,406 | 0.3 |
3,275,000 | (2) | Caesars Resort Collection LLC / CRC Finco, Inc., 5.250%, 10/15/2025 | 3,320,031 | 0.4 |
3,475,000 | (2) | Carnival Corp., 5.750%, 03/01/2027 | 3,644,406 | 0.4 |
2,475,000 | (2) | Carnival Corp., 7.625%, 03/01/2026 | 2,691,562 | 0.3 |
1,150,000 | (2) | Carnival Corp., 9.875%, 08/01/2027 | 1,344,080 | 0.1 |
2,525,000 | (2) | CCM Merger, Inc., 6.375%, 05/01/2026 | 2,661,375 | 0.3 |
1,925,000 | | Century Communities, Inc., 5.875%, 07/15/2025 | 1,993,357 | 0.2 |
1,960,000 | (2) | Cinemark USA, Inc., 5.875%, 03/15/2026 | 2,057,265 | 0.2 |
2,325,000 | (2) | Cinemark USA, Inc., 8.750%, 05/01/2025 | 2,550,525 | 0.3 |
515,000 | (2),(3) | Core & Main Holdings L.P., 8.625% (PIK Rate 9.375%, Cash Rate 8.625%), 09/15/2024 | 527,293 | 0.1 |
2,925,000 | (2) | Core & Main L.P., 6.125%, 08/15/2025 | 2,993,825 | 0.3 |
1,175,000 | (2) | Delta Air Lines, Inc. / SkyMiles IP Ltd., 4.750%, 10/20/2028 | 1,307,265 | 0.1 |
455,000 | | Delta Air Lines, Inc., 7.375%, 01/15/2026 | 534,227 | 0.1 |
450,000 | | Everi Holdings, Inc., 5.000%, 07/15/2029 | 450,000 | 0.0 |
2,275,000 | | Ford Motor Co., 9.000%, 04/22/2025 | 2,807,680 | 0.3 |
2,100,000 | | Ford Motor Credit Co. LLC, 3.625%, 06/17/2031 | 2,143,323 | 0.2 |
2,550,000 | | Ford Motor Credit Co. LLC, 4.125%, 08/17/2027 | 2,708,489 | 0.3 |
2,875,000 | | Ford Motor Credit Co. LLC, 4.542%, 08/01/2026 | 3,134,756 | 0.3 |
2,300,000 | | Ford Motor Credit Co. LLC, 5.113%, 05/03/2029 | 2,577,932 | 0.3 |
3,000,000 | | Ford Motor Credit Co. LLC, 5.584%, 03/18/2024 | 3,289,350 | 0.3 |
1,795,000 | (2) | Golden Entertainment, Inc., 7.625%, 04/15/2026 | 1,913,946 | 0.2 |
1,725,000 | (2) | IAA, Inc., 5.500%, 06/15/2027 | 1,814,217 | 0.2 |
1,975,000 | (2) | Installed Building Products, Inc., 5.750%, 02/01/2028 | 2,086,212 | 0.2 |
2,550,000 | (2) | Interface, Inc., 5.500%, 12/01/2028 | 2,672,400 | 0.3 |
1,375,000 | (2) | IRB Holding Corp., 6.750%, 02/15/2026 | 1,425,875 | 0.2 |
3,475,000 | | L Brands, Inc., 6.750%, 07/01/2036 | 4,359,387 | 0.5 |
535,000 | (2) | L Brands, Inc., 9.375%, 07/01/2025 | 692,924 | 0.1 |
2,400,000 | (2) | LBM Acquisition LLC, 6.250%, 01/15/2029 | 2,421,480 | 0.3 |
2,300,000 | (2) | LCM Investments Holdings II LLC, 4.875%, 05/01/2029 | 2,360,375 | 0.2 |
985,000 | (2) | Lions Gate Capital Holdings LLC, 5.500%, 04/15/2029 | 1,036,757 | 0.1 |
Principal Amount† | | | Value | Percentage of Net Assets |
CORPORATE BONDS/NOTES: (continued) | |
| | Consumer, Cyclical: (continued) |
2,075,000 | | M/I Homes, Inc., 4.950%, 02/01/2028 | $ 2,169,672 | 0.2 |
775,000 | | M/I Homes, Inc., 5.625%, 08/01/2025 | 801,075 | 0.1 |
1,025,000 | | Macy's Retail Holdings LLC, 4.500%, 12/15/2034 | 969,276 | 0.1 |
1,475,000 | | Mattel, Inc., 5.450%, 11/01/2041 | 1,705,299 | 0.2 |
1,750,000 | | Meritage Homes Corp., 5.125%, 06/06/2027 | 1,961,225 | 0.2 |
2,675,000 | (2) | Meritor, Inc., 4.500%, 12/15/2028 | 2,717,131 | 0.3 |
600,000 | | MGM Resorts International, 5.500%, 04/15/2027 | 660,270 | 0.1 |
675,000 | | MGM Resorts International, 6.000%, 03/15/2023 | 723,381 | 0.1 |
2,375,000 | (2) | Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp., 4.875%, 05/01/2029 | 2,380,937 | 0.3 |
1,550,000 | (2) | Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd., 6.500%, 06/20/2027 | 1,708,487 | 0.2 |
2,650,000 | (2) | Motion Bondco DAC, 6.625%, 11/15/2027 | 2,693,619 | 0.3 |
1,925,000 | | Murphy Oil USA, Inc., 4.750%, 09/15/2029 | 2,027,959 | 0.2 |
450,000 | | Murphy Oil USA, Inc., 5.625%, 05/01/2027 | 476,262 | 0.1 |
1,375,000 | (2) | Penn National Gaming, Inc., 4.125%, 07/01/2029 | 1,376,719 | 0.1 |
2,600,000 | (2) | Penn National Gaming, Inc., 5.625%, 01/15/2027 | 2,704,000 | 0.3 |
3,600,000 | (2) | PetSmart, Inc. / PetSmart Finance Corp., 7.750%, 02/15/2029 | 3,973,500 | 0.4 |
1,965,000 | (2) | Picasso Finance Sub, Inc., 6.125%, 06/15/2025 | 2,081,426 | 0.2 |
2,825,000 | (2) | Real Hero Merger Sub 2, Inc., 6.250%, 02/01/2029 | 2,934,045 | 0.3 |
1,150,000 | (2) | Royal Caribbean Cruises Ltd., 5.500%, 04/01/2028 | 1,205,832 | 0.1 |
655,000 | (2) | Royal Caribbean Cruises Ltd., 9.125%, 06/15/2023 | 719,698 | 0.1 |
2,275,000 | (2) | Royal Caribbean Cruises Ltd., 11.500%, 06/01/2025 | 2,624,918 | 0.3 |
2,300,000 | (2) | Scientific Games International, Inc., 7.000%, 05/15/2028 | 2,516,660 | 0.3 |
1,000,000 | (2) | Scientific Games International, Inc., 8.250%, 03/15/2026 | 1,073,730 | 0.1 |
950,000 | (2) | Scientific Games International, Inc., 8.625%, 07/01/2025 | 1,041,437 | 0.1 |
3,400,000 | (2) | SeaWorld Parks & Entertainment, Inc., 9.500%, 08/01/2025 | 3,650,801 | 0.4 |
2,275,000 | (2) | Shea Homes L.P. / Shea Homes Funding Corp., 4.750%, 04/01/2029 | 2,344,968 | 0.2 |
2,250,000 | (2) | Sizzling Platter LLC / Sizzling Platter Finance Corp., 8.500%, 11/28/2025 | 2,330,843 | 0.2 |
2,800,000 | | Sonic Automotive, Inc., 6.125%, 03/15/2027 | 2,933,728 | 0.3 |
3,265,000 | (2) | Specialty Building Products Holdings LLC / SBP Finance Corp., 6.375%, 09/30/2026 | 3,428,250 | 0.4 |
2,000,000 | (2) | Speedway Motorsports LLC / Speedway Funding II, Inc., 4.875%, 11/01/2027 | 2,025,240 | 0.2 |
2,275,000 | (2) | SRS Distribution, Inc., 6.125%, 07/01/2029 | 2,346,503 | 0.2 |
3,900,000 | (1),(2) | Staples, Inc., 10.750%, 04/15/2027 | 3,976,343 | 0.4 |
775,000 | (2) | Station Casinos LLC, 4.500%, 02/15/2028 | 789,760 | 0.1 |
1,149,000 | (2) | Station Casinos LLC, 5.000%, 10/01/2025 | 1,169,671 | 0.1 |
2,425,000 | (2) | STL Holding Co. LLC, 7.500%, 02/15/2026 | 2,546,250 | 0.3 |
2,000,000 | (1) | Tenneco, Inc., 5.000%, 07/15/2026 | 1,991,900 | 0.2 |
850,000 | (2) | Tenneco, Inc., 7.875%, 01/15/2029 | 962,340 | 0.1 |
1,975,000 | | Tri Pointe Homes, Inc., 5.700%, 06/15/2028 | 2,180,222 | 0.2 |
1,285,913 | | United Airlines 2020-1 Class B Pass Through Trust, 4.875%, 07/15/2027 | 1,365,668 | 0.1 |
1,850,000 | (1) | United Airlines Holdings, Inc., 4.875%, 01/15/2025 | 1,921,947 | 0.2 |
800,000 | (2) | United Airlines, Inc., 4.375%, 04/15/2026 | 829,144 | 0.1 |
530,000 | (2) | United Airlines, Inc., 4.625%, 04/15/2029 | 549,213 | 0.1 |
2,650,000 | (2) | Univar Solutions USA, Inc./Washington, 5.125%, 12/01/2027 | 2,794,452 | 0.3 |
3,016,619 | | US Airways 2012-1 Class A Pass Through Trust, 5.900%, 04/01/2026 | 3,157,411 | 0.3 |
2,670,000 | | Victoria's Secret & Co., 4.625%, 07/15/2029 | 2,670,000 | 0.3 |
3,200,000 | (2) | Viking Cruises Ltd., 5.875%, 09/15/2027 | 3,166,240 | 0.3 |
1,055,000 | (2) | Viking Cruises Ltd., 13.000%, 05/15/2025 | 1,243,254 | 0.1 |
450,000 | (2) | VOC Escrow Ltd., 5.000%, 02/15/2028 | 455,850 | 0.0 |
2,350,000 | (2) | Wheel Pros, Inc., 6.500%, 05/15/2029 | 2,381,173 | 0.3 |
2,300,000 | (2) | White Cap Buyer LLC, 6.875%, 10/15/2028 | 2,464,761 | 0.3 |
1,025,000 | (2),(3) | White Cap Parent LLC, 8.250% (PIK Rate 9.000%, Cash Rate 8.250%), 03/15/2026 | 1,064,165 | 0.1 |
Principal Amount† | | | Value | Percentage of Net Assets |
CORPORATE BONDS/NOTES: (continued) | |
| | Consumer, Cyclical: (continued) |
2,075,000 | (2) | William Carter Co/The, 5.625%, 03/15/2027 | $ 2,189,208 | 0.2 |
1,190,000 | (2) | Williams Scotsman International, Inc., 4.625%, 08/15/2028 | 1,231,293 | 0.1 |
2,450,000 | (2) | Wolverine World Wide, Inc., 5.000%, 09/01/2026 | 2,521,111 | 0.3 |
500,000 | (2) | Wolverine World Wide, Inc., 6.375%, 05/15/2025 | 533,743 | 0.1 |
1,800,000 | (2) | Wyndham Hotels & Resorts, Inc., 4.375%, 08/15/2028 | 1,874,250 | 0.2 |
| | | 214,821,489 | 22.8 |
| | | | |
| | Consumer, Non-cyclical: 16.0% |
2,850,000 | (2) | Acadia Healthcare Co., Inc., 5.500%, 07/01/2028 | 3,048,203 | 0.3 |
350,000 | (2) | ACCO Brands Corp., 4.250%, 03/15/2029 | 346,990 | 0.0 |
1,900,000 | (2) | Albertsons Cos, Inc. / Safeway, Inc. / New Albertsons L.P. / Albertsons LLC, 3.500%, 03/15/2029 | 1,881,000 | 0.2 |
925,000 | (2) | Albertsons Cos, Inc. / Safeway, Inc. / New Albertsons L.P. / Albertsons LLC, 4.875%, 02/15/2030 | 987,696 | 0.1 |
2,250,000 | (2) | Albertsons Cos, Inc. / Safeway, Inc. / New Albertsons L.P. / Albertsons LLC, 5.875%, 02/15/2028 | 2,427,165 | 0.3 |
1,100,000 | (2) | Allied Universal Holdco LLC / Allied Universal Finance Corp., 6.000%, 06/01/2029 | 1,116,621 | 0.1 |
1,000,000 | (2) | Allied Universal Holdco LLC / Allied Universal Finance Corp., 6.625%, 07/15/2026 | 1,061,480 | 0.1 |
2,800,000 | (2) | Allied Universal Holdco LLC / Allied Universal Finance Corp., 9.750%, 07/15/2027 | 3,087,000 | 0.3 |
2,325,000 | (2) | Alta Equipment Group, Inc., 5.625%, 04/15/2026 | 2,390,518 | 0.3 |
700,000 | (2) | AMN Healthcare, Inc., 4.000%, 04/15/2029 | 707,490 | 0.1 |
2,450,000 | (2) | AMN Healthcare, Inc., 4.625%, 10/01/2027 | 2,550,940 | 0.3 |
2,075,000 | (2) | Avantor Funding, Inc., 4.625%, 07/15/2028 | 2,193,316 | 0.2 |
4,275,000 | (2) | Bausch Health Americas, Inc., 8.500%, 01/31/2027 | 4,657,142 | 0.5 |
750,000 | (2) | Bausch Health Cos, Inc., 4.875%, 06/01/2028 | 768,562 | 0.1 |
4,130,000 | (2) | Bausch Health Cos, Inc., 5.250%, 01/30/2030 | 3,846,062 | 0.4 |
1,950,000 | (2) | Bausch Health Cos, Inc., 7.000%, 01/15/2028 | 2,014,272 | 0.2 |
1,300,000 | (2) | Catalent Pharma Solutions, Inc., 5.000%, 07/15/2027 | 1,360,417 | 0.1 |
3,450,000 | | Centene Corp., 4.625%, 12/15/2029 | 3,798,519 | 0.4 |
900,000 | (2) | Centene Corp., 5.375%, 06/01/2026 | 941,625 | 0.1 |
2,500,000 | (2) | Cheplapharm Arzneimittel GmbH, 5.500%, 01/15/2028 | 2,565,625 | 0.3 |
820,000 | (2) | Chobani LLC / Chobani Finance Corp., Inc., 4.625%, 11/15/2028 | 851,365 | 0.1 |
2,325,000 | (2) | Chobani LLC / Chobani Finance Corp., Inc., 7.500%, 04/15/2025 | 2,423,603 | 0.3 |
1,050,000 | (2) | CHS/Community Health Systems, Inc., 4.750%, 02/15/2031 | 1,055,250 | 0.1 |
1,525,000 | (2) | CHS/Community Health Systems, Inc., 5.625%, 03/15/2027 | 1,629,943 | 0.2 |
2,650,000 | (2) | CHS/Community Health Systems, Inc., 6.625%, 02/15/2025 | 2,805,661 | 0.3 |
3,375,000 | (2) | CHS/Community Health Systems, Inc., 6.875%, 04/15/2029 | 3,541,674 | 0.4 |
3,045,000 | (2) | CoreLogic, Inc., 4.500%, 05/01/2028 | 3,022,162 | 0.3 |
1,775,000 | (2) | CPI CG, Inc., 8.625%, 03/15/2026 | 1,890,854 | 0.2 |
475,000 | (2) | DaVita, Inc., 3.750%, 02/15/2031 | 456,594 | 0.0 |
1,065,000 | (2) | DaVita, Inc., 4.625%, 06/01/2030 | 1,096,386 | 0.1 |
1,395,000 | | Encompass Health Corp., 4.625%, 04/01/2031 | 1,496,416 | 0.2 |
829,000 | (2) | Endo Dac / Endo Finance LLC / Endo Finco, Inc., 6.000%, 06/30/2028 | 560,114 | 0.1 |
542,000 | (2) | Endo Dac / Endo Finance LLC / Endo Finco, Inc., 9.500%, 07/31/2027 | 553,526 | 0.1 |
2,085,000 | (2) | Graham Holdings Co., 5.750%, 06/01/2026 | 2,174,770 | 0.2 |
5,000,000 | | HCA, Inc., 5.375%, 02/01/2025 | 5,646,250 | 0.6 |
1,125,000 | | HCA, Inc., 5.625%, 09/01/2028 | 1,334,531 | 0.1 |
1,725,000 | (2) | Hill-Rom Holdings, Inc., 4.375%, 09/15/2027 | 1,791,266 | 0.2 |
685,000 | (2) | Jaguar Holding Co. II / PPD Development L.P., 4.625%, 06/15/2025 | 720,620 | 0.1 |
2,080,000 | (2) | Jaguar Holding Co. II / PPD Development L.P., 5.000%, 06/15/2028 | 2,258,714 | 0.2 |
1,700,000 | (2) | Jazz Securities DAC, 4.375%, 01/15/2029 | 1,764,685 | 0.2 |
3,225,000 | (2) | JBS USA LUX SA / JBS USA Finance, Inc., 6.750%, 02/15/2028 | 3,547,500 | 0.4 |
Principal Amount† | | | Value | Percentage of Net Assets |
CORPORATE BONDS/NOTES: (continued) | |
| | Consumer, Non-cyclical: (continued) |
1,600,000 | (2) | JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc., 3.750%, 12/01/2031 | $ 1,639,200 | 0.2 |
1,825,000 | (2) | JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc., 5.500%, 01/15/2030 | 2,043,453 | 0.2 |
2,205,000 | (2) | KeHE Distributors LLC / KeHE Finance Corp., 8.625%, 10/15/2026 | 2,414,817 | 0.3 |
1,150,000 | | Kraft Heinz Foods Co., 4.375%, 06/01/2046 | 1,305,290 | 0.1 |
3,440,000 | | Kraft Heinz Foods Co., 5.000%, 07/15/2035 | 4,230,107 | 0.4 |
1,200,000 | | Kraft Heinz Foods Co., 5.500%, 06/01/2050 | 1,560,820 | 0.2 |
1,875,000 | (2) | Legacy LifePoint Health LLC, 4.375%, 02/15/2027 | 1,900,313 | 0.2 |
900,000 | (2) | LifePoint Health, Inc., 5.375%, 01/15/2029 | 878,774 | 0.1 |
1,500,000 | (2) | Molina Healthcare, Inc., 4.375%, 06/15/2028 | 1,566,750 | 0.2 |
2,150,000 | (1),(2) | MPH Acquisition Holdings LLC, 5.750%, 11/01/2028 | 2,163,405 | 0.2 |
2,150,000 | (2) | NESCO Holdings II, Inc., 5.500%, 04/15/2029 | 2,246,750 | 0.2 |
1,450,000 | | New Albertsons L.P., 7.450%, 08/01/2029 | 1,690,787 | 0.2 |
400,000 | (2) | Nielsen Finance LLC / Nielsen Finance Co., 4.750%, 07/15/2031 | 401,500 | 0.0 |
2,075,000 | (2) | Nielsen Finance LLC / Nielsen Finance Co., 5.875%, 10/01/2030 | 2,263,770 | 0.2 |
2,300,000 | (2) | Organon & Co. / Organon Foreign Debt Co-Issuer BV, 5.125%, 04/30/2031 | 2,372,335 | 0.3 |
1,853,000 | (2) | Par Pharmaceutical, Inc., 7.500%, 04/01/2027 | 1,896,851 | 0.2 |
1,250,000 | (2) | Pilgrim's Pride Corp., 4.250%, 04/15/2031 | 1,296,875 | 0.1 |
2,375,000 | (2) | Pilgrim's Pride Corp., 5.875%, 09/30/2027 | 2,532,463 | 0.3 |
1,175,000 | (2) | Post Holdings, Inc., 4.625%, 04/15/2030 | 1,196,244 | 0.1 |
2,850,000 | (2) | Post Holdings, Inc., 5.625%, 01/15/2028 | 3,029,664 | 0.3 |
2,375,000 | (2) | Primo Water Holdings, Inc., 4.375%, 04/30/2029 | 2,377,969 | 0.3 |
3,275,000 | (2) | Select Medical Corp., 6.250%, 08/15/2026 | 3,495,440 | 0.4 |
2,350,000 | (2) | Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed, 4.625%, 03/01/2029 | 2,373,430 | 0.3 |
1,150,000 | (2) | Spectrum Brands, Inc., 5.500%, 07/15/2030 | 1,243,553 | 0.1 |
525,000 | (2) | Square, Inc., 2.750%, 06/01/2026 | 534,844 | 0.1 |
1,410,000 | (2) | Square, Inc., 3.500%, 06/01/2031 | 1,424,100 | 0.1 |
1,375,000 | (2) | Tenet Healthcare Corp., 4.250%, 06/01/2029 | 1,393,906 | 0.1 |
2,900,000 | (2) | Tenet Healthcare Corp., 6.125%, 10/01/2028 | 3,098,621 | 0.3 |
3,500,000 | | Tenet Healthcare Corp., 6.750%, 06/15/2023 | 3,823,750 | 0.4 |
2,965,000 | (2) | Triton Water Holdings, Inc., 6.250%, 04/01/2029 | 2,976,460 | 0.3 |
2,525,000 | (1),(2) | United Natural Foods, Inc., 6.750%, 10/15/2028 | 2,722,430 | 0.3 |
1,650,000 | | United Rentals North America, Inc., 4.875%, 01/15/2028 | 1,751,888 | 0.2 |
450,000 | | United Rentals North America, Inc., 5.250%, 01/15/2030 | 493,524 | 0.1 |
1,950,000 | (2) | Vizient, Inc., 6.250%, 05/15/2027 | 2,069,067 | 0.2 |
| | | 150,781,677 | 16.0 |
| | | | |
| | Energy: 14.8% |
3,500,000 | (2) | Aethon United BR L.P. / Aethon United Finance Corp., 8.250%, 02/15/2026 | 3,793,912 | 0.4 |
1,475,000 | (2) | Antero Midstream Partners L.P. / Antero Midstream Finance Corp., 5.375%, 06/15/2029 | 1,539,539 | 0.2 |
2,075,000 | (2) | Antero Midstream Partners L.P. / Antero Midstream Finance Corp., 5.750%, 03/01/2027 | 2,164,318 | 0.2 |
2,175,000 | (2) | Antero Resources Corp., 5.375%, 03/01/2030 | 2,222,589 | 0.2 |
515,000 | (2) | Antero Resources Corp., 7.625%, 02/01/2029 | 572,319 | 0.1 |
2,550,000 | | Apache Corp., 4.375%, 10/15/2028 | 2,718,019 | 0.3 |
2,150,000 | | Apache Corp., 5.100%, 09/01/2040 | 2,254,812 | 0.2 |
1,475,000 | (2) | Archrock Partners L.P. / Archrock Partners Finance Corp., 6.250%, 04/01/2028 | 1,542,717 | 0.2 |
950,000 | (2) | Archrock Partners L.P. / Archrock Partners Finance Corp., 6.875%, 04/01/2027 | 1,011,474 | 0.1 |
1,900,000 | (2) | Atlantica Sustainable Infrastructure PLC, 4.125%, 06/15/2028 | 1,938,095 | 0.2 |
2,175,000 | (2) | Baytex Energy Corp., 5.625%, 06/01/2024 | 2,197,381 | 0.2 |
1,600,000 | (2) | Baytex Energy Corp., 8.750%, 04/01/2027 | 1,614,160 | 0.2 |
2,400,000 | (2) | Blue Racer Midstream LLC / Blue Racer Finance Corp., 6.625%, 07/15/2026 | 2,516,904 | 0.3 |
Principal Amount† | | | Value | Percentage of Net Assets |
CORPORATE BONDS/NOTES: (continued) | |
| | Energy: (continued) |
1,050,000 | (2) | Blue Racer Midstream LLC / Blue Racer Finance Corp., 7.625%, 12/15/2025 | $ 1,139,250 | 0.1 |
1,250,000 | (2) | Cheniere Energy Partners L.P., 4.000%, 03/01/2031 | 1,307,812 | 0.1 |
600,000 | (2) | CNX Resources Corp., 6.000%, 01/15/2029 | 649,569 | 0.1 |
2,850,000 | (2) | CNX Resources Corp., 7.250%, 03/14/2027 | 3,057,964 | 0.3 |
1,000,000 | | Continental Resources, Inc., 4.900%, 06/01/2044 | 1,133,780 | 0.1 |
625,000 | (2) | Continental Resources, Inc./OK, 5.750%, 01/15/2031 | 749,219 | 0.1 |
2,700,000 | (2) | Crestwood Midstream Partners L.P. / Crestwood Midstream Finance Corp., 6.000%, 02/01/2029 | 2,831,625 | 0.3 |
1,300,000 | | DCP Midstream Operating L.P., 5.125%, 05/15/2029 | 1,438,372 | 0.2 |
955,000 | | DCP Midstream Operating L.P., 5.375%, 07/15/2025 | 1,064,777 | 0.1 |
200,000 | | DCP Midstream Operating L.P., 5.600%, 04/01/2044 | 220,956 | 0.0 |
2,225,000 | | DCP Midstream Operating L.P., 5.625%, 07/15/2027 | 2,537,190 | 0.3 |
1,950,000 | | Delek Logistics Partners L.P. / Delek Logistics Finance Corp., 6.750%, 05/15/2025 | 2,011,084 | 0.2 |
1,075,000 | (2) | Delek Logistics Partners L.P. / Delek Logistics Finance Corp., 7.125%, 06/01/2028 | 1,135,587 | 0.1 |
1,100,000 | (2) | DT Midstream, Inc., 4.125%, 06/15/2029 | 1,118,238 | 0.1 |
1,600,000 | (2) | DT Midstream, Inc., 4.375%, 06/15/2031 | 1,636,864 | 0.2 |
2,200,000 | (2) | Encino Acquisition Partners Holdings LLC, 8.500%, 05/01/2028 | 2,246,750 | 0.2 |
4,025,000 | | EnLink Midstream LLC, 5.375%, 06/01/2029 | 4,205,863 | 0.5 |
2,650,000 | (2) | Enviva Partners L.P. / Enviva Partners Finance Corp., 6.500%, 01/15/2026 | 2,774,550 | 0.3 |
975,000 | | EQM Midstream Partners L.P., 5.500%, 07/15/2028 | 1,055,515 | 0.1 |
1,200,000 | (2) | EQM Midstream Partners L.P., 6.000%, 07/01/2025 | 1,307,790 | 0.1 |
275,000 | (2) | EQT Corp., 3.125%, 05/15/2026 | 282,179 | 0.0 |
275,000 | (2) | EQT Corp., 3.625%, 05/15/2031 | 287,391 | 0.0 |
500,000 | (1) | EQT Corp., 5.000%, 01/15/2029 | 558,175 | 0.1 |
1,475,000 | (2) | Hess Midstream Operations L.P., 5.125%, 06/15/2028 | 1,549,141 | 0.2 |
1,803,000 | (2) | Hess Midstream Operations L.P., 5.625%, 02/15/2026 | 1,882,783 | 0.2 |
1,000,000 | (2) | Hilcorp Energy I L.P. / Hilcorp Finance Co., 5.750%, 02/01/2029 | 1,043,905 | 0.1 |
1,550,000 | (2) | Hilcorp Energy I L.P. / Hilcorp Finance Co., 6.000%, 02/01/2031 | 1,644,938 | 0.2 |
2,800,000 | (2) | Independence Energy Finance LLC, 7.250%, 05/01/2026 | 2,948,960 | 0.3 |
2,200,000 | (2) | Indigo Natural Resources LLC, 5.375%, 02/01/2029 | 2,301,838 | 0.2 |
1,300,000 | | Laredo Petroleum, Inc., 9.500%, 01/15/2025 | 1,371,448 | 0.2 |
985,000 | | Laredo Petroleum, Inc., 10.125%, 01/15/2028 | 1,084,485 | 0.1 |
3,175,000 | (2) | Moss Creek Resources Holdings, Inc., 7.500%, 01/15/2026 | 2,956,735 | 0.3 |
1,550,000 | | Murphy Oil Corp., 5.875%, 12/01/2027 | 1,619,944 | 0.2 |
1,775,000 | | Murphy Oil Corp., 6.375%, 07/15/2028 | 1,873,868 | 0.2 |
1,800,000 | (2) | Nabors Industries Ltd., 7.500%, 01/15/2028 | 1,731,600 | 0.2 |
1,115,000 | | Nabors Industries, Inc., 5.100%, 09/15/2023 | 1,083,919 | 0.1 |
2,275,000 | (2) | Oasis Petroleum, Inc., 6.375%, 06/01/2026 | 2,375,055 | 0.3 |
4,665,000 | | Occidental Petroleum Corp., 4.200%, 03/15/2048 | 4,367,816 | 0.5 |
3,745,000 | | Occidental Petroleum Corp., 5.500%, 12/01/2025 | 4,150,003 | 0.4 |
4,975,000 | | Occidental Petroleum Corp., 6.625%, 09/01/2030 | 5,976,219 | 0.6 |
2,375,000 | | Occidental Petroleum Corp., 8.500%, 07/15/2027 | 2,998,806 | 0.3 |
3,550,000 | | Ovintiv Exploration, Inc., 5.375%, 01/01/2026 | 4,004,229 | 0.4 |
1,300,000 | | Ovintiv, Inc., 6.500%, 02/01/2038 | 1,733,527 | 0.2 |
1,950,000 | (2) | Precision Drilling Corp., 6.875%, 01/15/2029 | 2,010,938 | 0.2 |
3,475,000 | (2) | SunCoke Energy Partners L.P. / SunCoke Energy Partners Finance Corp., 7.500%, 06/15/2025 | 3,610,699 | 0.4 |
2,285,000 | (2) | SunCoke Energy, Inc., 4.875%, 06/30/2029 | 2,285,000 | 0.2 |
675,000 | (2) | Sunoco L.P. / Sunoco Finance Corp., 4.500%, 05/15/2029 | 688,851 | 0.1 |
Principal Amount† | | | Value | Percentage of Net Assets |
CORPORATE BONDS/NOTES: (continued) | |
| | Energy: (continued) |
1,200,000 | | Sunoco L.P. / Sunoco Finance Corp., 6.000%, 04/15/2027 | $ 1,258,950 | 0.1 |
1,125,000 | (2) | Tallgrass Energy Partners L.P. / Tallgrass Energy Finance Corp., 5.500%, 01/15/2028 | 1,146,218 | 0.1 |
1,650,000 | (2) | Tallgrass Energy Partners L.P. / Tallgrass Energy Finance Corp., 7.500%, 10/01/2025 | 1,812,228 | 0.2 |
3,450,000 | (2) | Targa Resources Partners L.P. / Targa Resources Partners Finance Corp., 4.875%, 02/01/2031 | 3,739,334 | 0.4 |
2,050,000 | (2) | Transocean Poseidon Ltd., 6.875%, 02/01/2027 | 2,063,223 | 0.2 |
3,350,000 | (2) | Transocean, Inc., 7.500%, 01/15/2026 | 2,885,204 | 0.3 |
2,425,000 | (2) | Vine Energy Holdings LLC, 6.750%, 04/15/2029 | 2,555,344 | 0.3 |
1,400,000 | (2) | Viper Energy Partners L.P., 5.375%, 11/01/2027 | 1,462,447 | 0.2 |
925,000 | | Western Midstream Operating L.P., 5.300%, 03/01/2048 | 988,931 | 0.1 |
3,125,000 | | Western Midstream Operating L.P., 5.450%, 04/01/2044 | 3,382,266 | 0.4 |
| | | 139,425,591 | 14.8 |
| | | | |
| | Financial: 6.1% |
1,825,000 | | Ally Financial, Inc., 5.750%, 11/20/2025 | 2,097,301 | 0.2 |
2,275,000 | (2) | Aretec Escrow Issuer, Inc., 7.500%, 04/01/2029 | 2,346,458 | 0.2 |
2,050,000 | (2) | AssuredPartners, Inc., 5.625%, 01/15/2029 | 2,054,100 | 0.2 |
2,025,000 | (2) | BroadStreet Partners, Inc., 5.875%, 04/15/2029 | 2,072,000 | 0.2 |
3,200,000 | (2) | Cushman & Wakefield US Borrower LLC, 6.750%, 05/15/2028 | 3,459,536 | 0.4 |
3,000,000 | (2) | ESH Hospitality, Inc., 5.250%, 05/01/2025 | 3,059,550 | 0.3 |
950,000 | (2) | Freedom Mortgage Corp., 6.625%, 01/15/2027 | 957,951 | 0.1 |
1,300,000 | (2) | Freedom Mortgage Corp., 7.625%, 05/01/2026 | 1,354,983 | 0.1 |
2,500,000 | (2) | Freedom Mortgage Corp., 8.250%, 04/15/2025 | 2,617,662 | 0.3 |
1,045,000 | (2) | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp., 4.750%, 06/15/2029 | 1,046,306 | 0.1 |
1,050,000 | (2) | LPL Holdings, Inc., 4.000%, 03/15/2029 | 1,057,597 | 0.1 |
2,075,000 | (2) | LPL Holdings, Inc., 4.625%, 11/15/2027 | 2,156,330 | 0.2 |
1,775,000 | | MGM Growth Properties Operating Partnership L.P. / MGP Finance Co-Issuer, Inc., 5.625%, 05/01/2024 | 1,924,459 | 0.2 |
500,000 | (2) | Midcap Financial Issuer Trust, 5.625%, 01/15/2030 | 502,555 | 0.0 |
2,300,000 | (2) | Midcap Financial Issuer Trust, 6.500%, 05/01/2028 | 2,409,917 | 0.2 |
570,000 | | MPT Operating Partnership L.P. / MPT Finance Corp., 3.500%, 03/15/2031 | 576,410 | 0.1 |
2,350,000 | | MPT Operating Partnership L.P. / MPT Finance Corp., 5.000%, 10/15/2027 | 2,494,149 | 0.3 |
2,450,000 | (2) | Nationstar Mortgage Holdings, Inc., 5.125%, 12/15/2030 | 2,442,650 | 0.3 |
2,600,000 | | Navient Corp., 4.875%, 03/15/2028 | 2,616,250 | 0.3 |
1,625,000 | | Navient Corp., 5.000%, 03/15/2027 | 1,684,719 | 0.2 |
900,000 | | Navient Corp., 7.250%, 09/25/2023 | 995,854 | 0.1 |
700,000 | | OneMain Finance Corp., 4.000%, 09/15/2030 | 694,750 | 0.1 |
3,525,000 | | OneMain Finance Corp., 5.375%, 11/15/2029 | 3,841,334 | 0.4 |
2,850,000 | (2) | Quicken Loans LLC, 5.250%, 01/15/2028 | 2,996,062 | 0.3 |
2,825,000 | (2) | Realogy Group LLC / Realogy Co-Issuer Corp., 5.750%, 01/15/2029 | 2,957,182 | 0.3 |
2,500,000 | | SBA Communications Corp., 3.875%, 02/15/2027 | 2,573,438 | 0.3 |
1,825,000 | (2) | Uniti Group L.P. / Uniti Fiber Holdings, Inc. / CSL Capital LLC, 7.125%, 12/15/2024 | 1,888,875 | 0.2 |
1,525,000 | (2) | Uniti Group L.P. / Uniti Group Finance, Inc. / CSL Capital LLC, 6.500%, 02/15/2029 | 1,530,940 | 0.2 |
1,485,000 | (2) | XHR L.P., 4.875%, 06/01/2029 | 1,535,119 | 0.2 |
| | | 57,944,437 | 6.1 |
| | | | |
| | Industrial: 8.7% |
3,725,000 | (2),(3) | ARD Finance SA, 6.500% (PIK Rate 7.250%, Cash Rate 6.500%), 06/30/2027 | 3,918,998 | 0.4 |
850,000 | (2) | Bombardier, Inc., 6.000%, 10/15/2022 | 852,801 | 0.1 |
2,325,000 | (2) | Brundage-Bone Concrete Pumping Holdings, Inc., 6.000%, 02/01/2026 | 2,453,456 | 0.3 |
1,775,000 | (2) | Builders FirstSource, Inc., 5.000%, 03/01/2030 | 1,868,826 | 0.2 |
Principal Amount† | | | Value | Percentage of Net Assets |
CORPORATE BONDS/NOTES: (continued) | |
| | Industrial: (continued) |
3,150,000 | (2) | Cargo Aircraft Management, Inc., 4.750%, 02/01/2028 | $ 3,222,576 | 0.3 |
3,425,000 | (2) | Cascades, Inc./Cascades USA, Inc., 5.375%, 01/15/2028 | 3,604,812 | 0.4 |
2,000,000 | (2) | Clark Equipment Co., 5.875%, 06/01/2025 | 2,117,500 | 0.2 |
700,000 | (2) | Clean Harbors, Inc., 4.875%, 07/15/2027 | 735,402 | 0.1 |
800,000 | (2) | Clean Harbors, Inc., 5.125%, 07/15/2029 | 872,840 | 0.1 |
3,000,000 | (2) | CP Atlas Buyer, Inc., 7.000%, 12/01/2028 | 3,117,300 | 0.3 |
2,175,000 | (2) | Fortress Transportation and Infrastructure Investors LLC, 5.500%, 05/01/2028 | 2,267,437 | 0.2 |
2,150,000 | (1),(2) | GFL Environmental, Inc., 4.000%, 08/01/2028 | 2,127,049 | 0.2 |
1,510,000 | (2) | Global Infrastructure Solutions, Inc., 5.625%, 06/01/2029 | 1,568,966 | 0.2 |
2,375,000 | (2) | GrafTech Finance, Inc., 4.625%, 12/15/2028 | 2,445,526 | 0.3 |
2,125,000 | (2) | Graham Packaging Co., Inc., 7.125%, 08/15/2028 | 2,295,659 | 0.2 |
2,325,000 | (2) | Granite US Holdings Corp., 11.000%, 10/01/2027 | 2,601,361 | 0.3 |
2,925,000 | (2) | Imola Merger Corp., 4.750%, 05/15/2029 | 3,012,750 | 0.3 |
1,025,000 | (2),(3) | Intelligent Packaging Holdco Issuer L.P., 9.000% (PIK Rate 9.750%, Cash Rate 9.000%), 01/15/2026 | 1,055,519 | 0.1 |
2,875,000 | (2) | Intelligent Packaging Ltd. Finco, Inc. / Intelligent Packaging Ltd. Co-Issuer LLC, 6.000%, 09/15/2028 | 2,997,633 | 0.3 |
2,225,000 | (2) | Koppers, Inc., 6.000%, 02/15/2025 | 2,304,021 | 0.2 |
1,500,000 | (2) | Madison IAQ LLC, 5.875%, 06/30/2029 | 1,528,125 | 0.2 |
2,850,000 | (2) | New Enterprise Stone & Lime Co., Inc., 9.750%, 07/15/2028 | 3,204,113 | 0.3 |
2,550,000 | | Park-Ohio Industries, Inc., 6.625%, 04/15/2027 | 2,603,703 | 0.3 |
2,965,000 | (2) | PGT Innovations, Inc., 6.750%, 08/01/2026 | 3,138,037 | 0.3 |
3,300,000 | (2) | Plastipak Holdings, Inc., 6.250%, 10/15/2025 | 3,385,553 | 0.4 |
2,400,000 | (2) | Rolls-Royce PLC, 5.750%, 10/15/2027 | 2,646,672 | 0.3 |
2,225,000 | | Silgan Holdings, Inc., 4.125%, 02/01/2028 | 2,311,975 | 0.2 |
1,455,000 | (2) | SSL Robotics LLC, 9.750%, 12/31/2023 | 1,607,484 | 0.2 |
2,415,000 | (2) | Stevens Holding Co., Inc., 6.125%, 10/01/2026 | 2,598,443 | 0.3 |
1,800,000 | (2) | Summit Materials LLC / Summit Materials Finance Corp., 5.250%, 01/15/2029 | 1,914,912 | 0.2 |
1,875,000 | (2) | Summit Materials LLC / Summit Materials Finance Corp., 6.500%, 03/15/2027 | 1,991,531 | 0.2 |
1,525,000 | (2) | TransDigm, Inc., 4.625%, 01/15/2029 | 1,530,017 | 0.2 |
1,640,000 | | TransDigm, Inc., 5.500%, 11/15/2027 | 1,711,750 | 0.2 |
2,275,000 | | TransDigm, Inc., 6.375%, 06/15/2026 | 2,359,676 | 0.3 |
1,925,000 | (2) | Vertical Holdco GmbH, 7.625%, 07/15/2028 | 2,092,841 | 0.2 |
2,175,000 | (2) | Weekley Homes LLC / Weekley Finance Corp., 4.875%, 09/15/2028 | 2,258,651 | 0.2 |
| | | 82,323,915 | 8.7 |
| | | | |
| | REITs - Hotels: 0.8% |
690,000 | (2) | Iron Mountain, Inc., 5.000%, 07/15/2028 | 718,394 | 0.1 |
880,000 | (2) | Iron Mountain, Inc., 5.250%, 07/15/2030 | 932,725 | 0.1 |
920,000 | (2) | Iron Mountain, Inc., 5.625%, 07/15/2032 | 988,144 | 0.1 |
1,285,000 | (2) | MGM Growth Properties Operating Partnership L.P. / MGP Finance Co-Issuer, Inc., 4.625%, 06/15/2025 | 1,375,425 | 0.1 |
2,630,000 | | Service Properties Trust, 4.375%, 02/15/2030 | 2,508,889 | 0.3 |
535,000 | | Service Properties Trust, 7.500%, 09/15/2025 | 606,191 | 0.1 |
| | | 7,129,768 | 0.8 |
| | | | |
| | Technology: 4.4% |
2,750,000 | (2) | Ascend Learning LLC, 6.875%, 08/01/2025 | 2,799,032 | 0.3 |
2,375,000 | (2) | Austin BidCo, Inc., 7.125%, 12/15/2028 | 2,438,436 | 0.3 |
1,625,000 | (2) | Booz Allen Hamilton, Inc., 3.875%, 09/01/2028 | 1,661,619 | 0.2 |
550,000 | (2) | Booz Allen Hamilton, Inc., 4.000%, 07/01/2029 | 563,063 | 0.1 |
805,000 | (2) | BY Crown Parent LLC / BY Bond Finance, Inc., 4.250%, 01/31/2026 | 844,847 | 0.1 |
2,000,000 | (2) | BY Crown Parent LLC, 7.375%, 10/15/2024 | 2,040,040 | 0.2 |
2,300,000 | (2) | Castle US Holding Corp., 9.500%, 02/15/2028 | 2,407,985 | 0.3 |
1,015,000 | | CDW LLC / CDW Finance Corp., 3.250%, 02/15/2029 | 1,029,667 | 0.1 |
1,025,000 | | CDW LLC / CDW Finance Corp., 4.125%, 05/01/2025 | 1,072,560 | 0.1 |
1,675,000 | | CDW LLC / CDW Finance Corp., 5.500%, 12/01/2024 | 1,869,267 | 0.2 |
Principal Amount† | | | Value | Percentage of Net Assets |
CORPORATE BONDS/NOTES: (continued) | |
| | Technology: (continued) |
2,175,000 | | Donnelley Financial Solutions, Inc., 8.250%, 10/15/2024 | $ 2,259,825 | 0.2 |
3,090,000 | | Microchip Technology, Inc., 4.250%, 09/01/2025 | 3,245,010 | 0.3 |
2,300,000 | (2) | NCR Corp., 5.125%, 04/15/2029 | 2,374,750 | 0.3 |
375,000 | (2) | Open Text Corp., 3.875%, 02/15/2028 | 380,925 | 0.0 |
1,150,000 | (2) | Open Text Corp., 5.875%, 06/01/2026 | 1,192,815 | 0.1 |
2,150,000 | (2) | Open Text Holdings, Inc., 4.125%, 02/15/2030 | 2,195,258 | 0.2 |
2,525,000 | (1),(2) | Rackspace Technology Global, Inc., 5.375%, 12/01/2028 | 2,591,281 | 0.3 |
3,000,000 | (2) | Rocket Software, Inc., 6.500%, 02/15/2029 | 2,980,980 | 0.3 |
1,875,000 | (2) | Science Applications International Corp., 4.875%, 04/01/2028 | 1,973,109 | 0.2 |
2,180,000 | (2) | Tempo Acquisition LLC / Tempo Acquisition Finance Corp., 6.750%, 06/01/2025 | 2,216,798 | 0.2 |
875,000 | (2) | Veritas US, Inc. / Veritas Bermuda Ltd.., 10.500%, 02/01/2024 | 901,596 | 0.1 |
2,515,000 | (2) | Veritas US, Inc. / Veritas Bermuda Ltd., 7.500%, 09/01/2025 | 2,625,735 | 0.3 |
| | | 41,664,598 | 4.4 |
| | | | |
| | Utilities: 1.3% |
2,350,000 | (2) | Clearway Energy Operating LLC, 4.750%, 03/15/2028 | 2,467,993 | 0.3 |
2,300,000 | (2) | Drax Finco PLC, 6.625%, 11/01/2025 | 2,382,214 | 0.2 |
2,875,000 | (2) | LBC Tank Terminals Holding Netherlands BV, 6.875%, 05/15/2023 | 2,879,169 | 0.3 |
385,000 | (2) | NRG Energy, Inc., 3.375%, 02/15/2029 | 378,074 | 0.0 |
1,825,000 | | NRG Energy, Inc., 6.625%, 01/15/2027 | 1,891,558 | 0.2 |
800,000 | (2) | Vistra Operations Co. LLC, 5.500%, 09/01/2026 | 827,324 | 0.1 |
1,475,000 | (2) | Vistra Operations Co. LLC, 5.625%, 02/15/2027 | 1,532,156 | 0.2 |
| | | 12,358,488 | 1.3 |
| | | | |
| Total Corporate Bonds/Notes | | |
| (Cost $855,369,104) | 909,407,837 | 96.4 |
| | | |
BANK LOANS: 0.3% | |
| | Consumer, Cyclical: 0.2% |
2,473,614 | | Golden Nugget LLC TL B 1L, 3.250%, (US0001M + 2.500%), 10/04/2023 | 2,457,765 | 0.2 |
| | | | |
| | Health Care: 0.1% |
740,487 | | Bausch Health Companies, Inc. 2018 Term Loan B, 3.104%, (US0001M + 3.000%), 06/02/2025 | 738,405 | 0.1 |
| | | | |
| Total Bank Loans | | |
| (Cost $3,060,314) | 3,196,170 | 0.3 |
| | | |
CONVERTIBLE BONDS/NOTES: 0.1% | |
| | Communications: 0.1% |
625,000 | | DISH Network Corp., 3.375%, 08/15/2026 | 639,375 | 0.1 |
| | | | |
| Total Convertible Bonds/Notes | | |
| (Cost $619,800) | 639,375 | 0.1 |
| | | |
Shares | | | Value | Percentage of Net Assets |
COMMON STOCK: 0.2% |
| | Consumer Staples: 0.2% |
120,298 | (5),(6) | Southeastern Grocers, Inc. | 2,195,439 | 0.2 |
| | | | |
| Total Common Stock | | |
| (Cost $848,084) | 2,195,439 | 0.2 |
| | | |
| Total Long-Term Investments | | |
| (Cost $859,897,302) | 915,438,821 | 97.0 |
| | | |
Principal Amount† | | | Value | Percentage of Net Assets |
SHORT-TERM INVESTMENTS: 5.9% |
| | Commercial Paper: 0.9% |
5,000,000 | | American Electric Power Co., 0.160%, 08/10/2021 | 4,999,106 | 0.5 |
4,000,000 | | Entergy Corp., 0.200%, 07/14/2021 | 3,999,689 | 0.4 |
| | | |
| Total Commercial Paper | | |
| (Cost $8,998,658) | 8,998,795 | 0.9 |
| | | |
| | Repurchase Agreements: 2.9% |
1,649,249 | (7) | Bethesda Securities LLC, Repurchase Agreement dated 06/30/21, 0.08%, due 07/01/21 (Repurchase Amount $1,649,253, collateralized by various U.S. Government Agency Obligations, 1.500%-6.500%, Market Value plus accrued interest $1,682,234, due 01/01/25-04/01/51) | 1,649,249 | 0.2 |
Principal Amount† | | | Value | Percentage of Net Assets |
SHORT-TERM INVESTMENTS: (continued) |
| | Repurchase Agreements (continued) |
6,785,000 | (7) | Cantor Fitzgerald Securities, Repurchase Agreement dated 06/30/21, 0.05%, due 07/01/21 (Repurchase Amount $6,785,009, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.125%-9.000%, Market Value plus accrued interest $6,920,700, due 07/25/21-05/20/71) | $ 6,785,000 | 0.7 |
4,655,842 | (7) | Citadel Securities LLC, Repurchase Agreement dated 06/30/21, 0.09%, due 07/01/21 (Repurchase Amount $4,655,853, collateralized by various U.S. Government Securities, 0.000%-8.125%, Market Value plus accrued interest $4,748,971, due 07/01/21-11/15/50) | 4,655,842 | 0.5 |
1,309,727 | (7) | Industrial & Comm. Bank of China, Repurchase Agreement dated 06/30/21, 0.04%, due 07/01/21 (Repurchase Amount $1,309,728, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-9.500%, Market Value plus accrued interest $1,335,922, due 07/07/21-11/01/49) | 1,309,727 | 0.1 |
3,091,361 | (7) | JVB Financial Group LLC, Repurchase Agreement dated 06/30/21, 0.09%, due 07/01/21 (Repurchase Amount $3,091,369, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.125%-7.000%, Market Value plus accrued interest $3,153,188, due 08/01/21-06/01/51) | 3,091,361 | 0.3 |
3,927,567 | (7) | Mirae Asset Securities USA Inc., Repurchase Agreement dated 06/30/21, 0.06%, due 07/01/21 (Repurchase Amount $3,927,573, collateralized by various U.S. Government Agency Obligations, 0.500%-7.500%, Market Value plus accrued interest $4,006,125, due 05/01/24-04/20/71) | 3,927,567 | 0.4 |
3,307,737 | (7) | RBC Dominion Securities Inc., Repurchase Agreement dated 06/30/21, 0.05%, due 07/01/21 (Repurchase Amount $3,307,742, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-8.000%, Market Value plus accrued interest $3,373,892, due 08/01/21-04/15/62) | 3,307,737 | 0.4 |
2,545,112 | (7) | Stonex Financial Inc., Repurchase Agreement dated 06/30/21, 0.10%, due 07/01/21 (Repurchase Amount $2,545,119, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.320%-9.000%, Market Value plus accrued interest $2,596,014, due 12/01/21-05/20/71) | 2,545,112 | 0.3 |
| | | |
| Total Repurchase Agreements | | |
| (Cost $27,271,595) | 27,271,595 | 2.9 |
| | | |
Shares | | | Value | Percentage of Net Assets |
| | Mutual Funds: 2.1% |
18,102,000 | (7),(8) | BlackRock Liquidity Funds, FedFund, Institutional Class, 0.030% | 18,102,000 | 1.9 |
650,000 | (7),(8) | Goldman Sachs Financial Square Government Fund - Institutional Shares, 0.020% | 650,000 | 0.1 |
At June 30, 2021, the aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments on a tax basis were: