Principal Amount† | | Borrower/Tranche Description | Fair Value | Percentage of Net Assets |
LOANS*: 92.1% | |
| | Aerospace & Defense: 1.9% |
814,125 | | ADS Tactical, Inc. 2021 Term Loan B, 6.750%, (US0003M + 5.750%), 03/19/26 | $ | 810,054 | 0.1 |
642,948 | | Amentum Government Services Holdings LLC Term Loan B, 3.602%, (US0001M + 3.500%), 01/29/27 | 635,514 | 0.1 |
2,387,467 | | Geo Group, Inc. (The) 2018 Term Loan B, 2.750%, (US0001M + 2.000%), 03/22/24 | 2,244,816 | 0.4 |
459,594 | | KBR, Inc. 2020 Term Loan B, 2.854%, (US0001M + 2.750%), 02/05/27 | 460,456 | 0.1 |
3,349,688 | | Peraton Corp. Term Loan B, 4.500%, (US0001M + 3.750%), 02/01/28 | 3,357,164 | 0.6 |
2,560,000 | | Setanta Aircraft Leasing Designated Activity Compa Term Loan B, 2.140%, (US0003M + 2.000%), 11/05/28 | 2,562,801 | 0.5 |
465,000 | | Vertex Aerospace Services Corp. 2021 First Lien Term Loan, 4.750%, (US0001M + 4.000%), 12/06/28 | 464,782 | 0.1 |
| | | 10,535,587 | 1.9 |
| | | | |
| | Air Transport: 0.4% |
1,994,975 | | United Airlines, Inc. 2021 Term Loan B, 4.500%, (US0003M + 3.750%), 04/21/28 | 2,006,059 | 0.4 |
| | | | |
| | Auto Components: 0.2% |
897,750 | | Broadstreet Partners, Inc. 2021 Term Loan B2, 3.750%, (US0001M + 3.250%), 01/27/27 | 892,700 | 0.2 |
| | | | |
| | Automotive: 2.9% |
1,352,363 | | Autokiniton US Holdings, Inc. 2021 Term Loan B, 5.000%, (US0003M + 4.500%), 04/06/28 | 1,356,758 | 0.3 |
1,085,462 | | Dealer Tire, LLC 2020 Term Loan B, 4.354%, (US0001M + 4.250%), 12/12/25 | 1,087,361 | 0.2 |
2,042,619 | | Gates Global LLC 2021 Term Loan B3, 3.250%, (US0001M + 2.500%), 03/31/27 | 2,040,960 | 0.4 |
915,921 | | Hertz Corporation, (The) 2021 Term Loan B, 3.750%, (US0001M + 3.250%), 06/30/28 | 917,996 | 0.2 |
173,048 | | Hertz Corporation, (The) 2021 Term Loan C, 3.750%, (US0001M + 3.250%), 06/30/28 | 173,441 | 0.0 |
107,857 | (1) | Holley Purchaser, Inc. 2021 Delayed Draw Term Loan, 4.500%, (US0003M + 3.750%), 11/17/28 | 107,767 | 0.0 |
647,143 | | Holley Purchaser, Inc. 2021 Term Loan, 3.920%, (US0003M + 3.750%), 11/17/28 | 646,602 | 0.1 |
2,380,788 | | Les Schwab Tire Centers Term Loan B, 4.000%, (US0003M + 3.250%), 11/02/27 | 2,383,021 | 0.4 |
610,000 | | Madison Safety & Flow LLC First Lien Term Loan, 4.250%, (SOFRRATE + 3.750%), 12/14/28 | 610,763 | 0.1 |
615,000 | | Madison Safety & Flow LLC Second Lien Term Loan, 7.250%, (SOFRRATE + 6.750%), 12/14/29 | 618,075 | 0.1 |
734,943 | | Mister Car Wash Holdings, Inc. 2019 Term Loan B, 3.102%, (US0001M + 3.000%), 05/14/26 | 731,636 | 0.1 |
425,000 | | Rough Country, LLC 2021 2nd Lien Term Loan, 7.500%, (US0003M + 6.750%), 07/26/29 | 426,062 | 0.1 |
495,000 | | Rough Country, LLC 2021 Term Loan, 4.250%, (US0001M + 3.500%), 07/28/28 | 494,691 | 0.1 |
797,943 | | Tenneco, Inc. 2018 Term Loan B, 3.104%, (US0001M + 3.000%), 10/01/25 | 787,969 | 0.1 |
1,012,350 | | Truck Hero, Inc. 2021 Term Loan B, 4.000%, (US0001M + 3.250%), 01/31/28 | 1,010,452 | 0.2 |
984,962 | | Wand NewCo 3, Inc. 2020 Term Loan, 3.175%, (US0003M + 3.000%), 02/05/26 | 973,061 | 0.2 |
1,630,000 | | Wheel Pros, LLC 2021 Term Loan, 5.250%, (US0001M + 4.500%), 05/11/28 | 1,629,108 | 0.3 |
| | | 15,995,723 | 2.9 |
| | | | |
| | Beverage & Tobacco: 1.2% |
3,000,000 | | Aramark Services, Inc. 2019 Term Loan B4, 3.353%, (US0001M + 1.750%), 01/15/27 | 2,963,751 | 0.5 |
493,763 | | City Brewing Company, LLC Closing Date Term Loan, 4.250%, (US0003M + 3.500%), 04/05/28 | 469,383 | 0.1 |
Principal Amount† | | Borrower/Tranche Description (continued) | Fair Value | Percentage of Net Assets |
LOANS*: (continued) | |
| | Beverage & Tobacco: (continued) |
1,326,926 | | Sunshine Investments B.V. USD Term Loan B3, 2.908%, (US0003M + 2.750%), 03/28/25 | $ | 1,321,949 | 0.2 |
1,937,575 | | Triton Water Holdings, Inc Term Loan, 4.000%, (US0003M + 3.500%), 03/31/28 | 1,918,804 | 0.4 |
| | | 6,673,887 | 1.2 |
| | | | |
| | Brokers, Dealers & Investment Houses: 0.3% |
1,468,571 | | Forest City Enterprises, L.P. 2019 Term Loan B, 3.601%, (US0001M + 3.500%), 12/08/25 | 1,451,361 | 0.3 |
| | | | |
| | Building & Development: 4.6% |
497,500 | | ACProducts, Inc. 2021 Term Loan B, 4.750%, (US0006M + 4.250%), 05/17/28 | 491,178 | 0.1 |
369,075 | | Aegion Corporation Term Loan, 5.500%, (US0003M + 4.750%), 05/17/28 | 372,420 | 0.1 |
2,000,000 | | Applecaramel Buyer, LLC Term Loan B, 4.500%, (US0001M + 4.000%), 10/19/27 | 2,004,722 | 0.4 |
2,490,000 | | Chamberlain Group Inc Term Loan B, 4.000%, (US0001M + 3.500%), 11/03/28 | 2,490,777 | 0.5 |
2,872,308 | | Core & Main LP 2021 Term Loan B, 2.602%, (US0001M + 2.500%), 07/27/28 | 2,858,843 | 0.5 |
2,427,800 | | Cornerstone Building Brands, Inc. 2021 Term Loan B, 3.750%, (US0001M + 3.250%), 04/12/28 | 2,429,621 | 0.4 |
304,254 | | CP Atlas Buyer, Inc. 2021 Term Loan B, 4.250%, (US0003M + 3.750%), 11/23/27 | 303,227 | 0.1 |
902,938 | | Empire Today, LLC 2021 Term Loan B, 5.750%, (US0003M + 5.000%), 04/03/28 | 880,364 | 0.2 |
860,675 | | Foundation Building Materials Holding Company LLC 2021 Term Loan, 3.750%, (US0003M + 3.250%), 02/03/28 | 855,564 | 0.2 |
550,000 | | Installed Building Products, Inc. 2021 Term Loan B, 2.750%, (US0003M + 2.250%), 12/14/28 | 551,375 | 0.1 |
106,667 | (1) | IPS Corporation 2021 Delayed Draw Term Loan, 3.923%, (US0003M + 3.750%), 10/02/28 | 106,200 | 0.0 |
533,333 | | IPS Corporation 2021 Term Loan, 4.250%, (US0001M + 3.750%), 10/02/28 | 531,000 | 0.1 |
274,049 | | Kodiak Building Partners Inc. Term Loan B, 4.000%, (US0003M + 3.250%), 03/12/28 | 272,507 | 0.1 |
1,792,210 | | LBM Acquisition LLC Term Loan B, 4.500%, (US0001M + 3.750%), 12/17/27 | 1,779,328 | 0.3 |
497,418 | | MX Holdings US, Inc. Term Loan B1B, 3.250%, (US0001M + 2.500%), 07/31/25 | 496,563 | 0.1 |
810,208 | | Northstar Group Services, INC. 2020 Term Loan B, 6.500%, (US0001M + 5.500%), 11/12/26 | 812,993 | 0.1 |
3,500,000 | | Quikrete Holdings, Inc. 2021 Term Loan B1, 3.209%, (US0003M + 3.000%), 06/11/28 | 3,493,620 | 0.6 |
1,200,000 | | Specialty Building Products Holdings, LLC 2021 Term Loan B, 3.923%, (US0003M + 3.750%), 10/15/28 | 1,199,000 | 0.2 |
1,241,888 | | SRS Distribution Inc. 2021 Term Loan B, 4.250%, (US0003M + 3.750%), 06/02/28 | 1,241,500 | 0.2 |
1,341,324 | | Standard Industries Inc. 2021 Term Loan B, 3.000%, (US0003M + 2.500%), 09/22/28 | 1,343,373 | 0.2 |
593,945 | | Wilsonart LLC 2021 Term Loan E, 4.500%, (US0003M + 3.500%), 12/19/26 | 594,564 | 0.1 |
| | | 25,108,739 | 4.6 |
| | | | |
| | Business Equipment & Services: 7.7% |
530,573 | | 24-7 Intouch Inc 2018 Term Loan, 4.854%, (US0001M + 4.750%), 08/25/25 | 525,930 | 0.1 |
745,000 | | AEA International Holdings (Lux) S.a.r.l. Term Loan B, 4.250%, (US0003M + 3.750%), 09/07/28 | 745,931 | 0.1 |
498,750 | | Allied Universal Holdco LLC 2021 USD Incremental Term Loan B, 4.250%, (US0003M + 3.750%), 05/12/28 | 497,399 | 0.1 |
730,000 | | Anticimex International AB 2021 USD Incremental Term Loan, 4.209%, (US0003M + 4.000%), 11/08/28 | 732,738 | 0.1 |
Principal Amount† | | Borrower/Tranche Description (continued) | Fair Value | Percentage of Net Assets |
LOANS*: (continued) | |
| | Business Equipment & Services: (continued) |
380,000 | | Anticimex International AB 2021 USD Term Loan B1, 4.000%, (US0003M + 3.500%), 11/16/28 | $ | 379,683 | 0.1 |
1,125,000 | | APX Group, Inc. 2021 Term Loan B, 4.005%, (US0001M + 3.500%), 07/10/28 | 1,124,531 | 0.2 |
1,010,000 | | Ascend Learning, LLC 2021 Term Loan, 4.000%, (US0003M + 3.500%), 12/11/28 | 1,009,242 | 0.2 |
881,197 | | Atlas CC Acquisition Corp Term Loan B, 5.000%, (US0003M + 4.250%), 05/25/28 | 885,493 | 0.2 |
179,226 | | Atlas CC Acquisition Corp Term Loan C, 5.000%, (US0003M + 4.250%), 05/25/28 | 180,100 | 0.0 |
654,962 | | Belfor Holdings Inc. Term Loan B, 3.854%, (US0001M + 3.750%), 04/06/26 | 656,599 | 0.1 |
225,000 | | DG Investment Intermediate Holdings 2, Inc. 2021 2nd Lien Term Loan, 7.500%, (US0001M + 6.750%), 03/30/29 | 226,687 | 0.0 |
286,782 | (1) | DG Investment Intermediate Holdings 2, Inc. 2021 Delayed Draw Term Loan, 4.500%, (US0001M + 3.750%), 03/31/28 | 287,111 | 0.1 |
1,369,123 | | DG Investment Intermediate Holdings 2, Inc. 2021 Term Loan, 4.500%, (US0001M + 3.500%), 03/31/28 | 1,370,692 | 0.3 |
1,994,987 | | Endure Digital Inc. Term Loan, 4.250%, (US0003M + 3.500%), 02/10/28 | 1,980,961 | 0.4 |
1,326,675 | | Ensono, LP 2021 Term Loan, 4.750%, (US0001M + 4.000%), 05/19/28 | 1,325,846 | 0.2 |
395,000 | | Escape Velocity Holdings, Inc. 2021 Term Loan, 4.750%, (US0003M + 4.250%), 10/08/28 | 393,519 | 0.1 |
93,434 | | First Advantage Holdings, LLC 2021 Term Loan B, 2.852%, (US0001M + 2.750%), 01/31/27 | 93,142 | 0.0 |
1,000,000 | | Gloves Buyer, Inc. 2021 Term Loan, 4.750%, (US0001M + 4.000%), 12/29/27 | 997,500 | 0.2 |
997,409 | | GreenSky Holdings, LLC 2018 Term Loan B, 3.352%, (US0001M + 3.250%), 03/31/25 | 998,033 | 0.2 |
992,847 | | Indy US Bidco, LLC 2021 USD Term Loan, 3.853%, (US0001M + 3.750%), 03/05/28 | 994,502 | 0.2 |
1,156,661 | | Intrado Corporation 2017 Term Loan, 5.000%, (US0003M + 4.000%), 10/10/24 | 1,101,307 | 0.2 |
820,875 | | ION Trading Finance Limited 2021 USD Term Loan, 4.974%, (US0003M + 4.750%), 04/03/28 | 823,880 | 0.2 |
2,100,881 | | KUEHG Corp. 2018 Incremental Term Loan, 4.750%, (US0003M + 3.750%), 02/21/25 | 2,060,176 | 0.4 |
1,586,885 | | Milano Acquisition Corp Term Loan B, 4.750%, (US0003M + 4.000%), 10/01/27 | 1,593,331 | 0.3 |
1,373,100 | | Paysafe Group Holdings II Limited USD Term Loan B1, 3.250%, (US0001M + 2.750%), 06/28/28 | 1,338,772 | 0.2 |
775,000 | | PECF USS Intermediate Holding III Corporation Term Loan B, 4.423%, (US0003M + 4.250%), 12/15/28 | 776,744 | 0.1 |
1,850,363 | | Polaris Newco LLC USD Term Loan B, 4.500%, (US0003M + 4.000%), 06/02/28 | 1,852,329 | 0.3 |
100,000 | | Pre-Paid Legal Services, Inc. 2021 2nd Lien Term Loan, 7.209%, (US0003M + 7.000%), 12/14/29 | 99,938 | 0.0 |
1,250,000 | | Pre-Paid Legal Services, Inc. 2021 Term Loan, 3.959%, (US0003M + 3.750%), 12/09/28 | 1,244,269 | 0.2 |
48,438 | (1) | Refficiency Holdings LLC 2021 Delayed Draw Term Loan, 3.923%, (US0003M + 3.250%), 12/31/27 | 48,499 | 0.0 |
249,364 | | Refficiency Holdings LLC 2021 Term Loan, 4.000%, (US0001M + 3.250%), 12/16/27 | 249,676 | 0.1 |
��715,000 | | Renaissance Holding Corp. 2018 2nd Lien Term Loan, 7.104%, (US0001M + 7.000%), 05/29/26 | 719,022 | 0.1 |
983,969 | | Rockwood Service Corporation 2020 Term Loan, 4.102%, (US0001M + 4.000%), 01/23/27 | 987,659 | 0.2 |
235,433 | (1) | Service Logic Acquisition, Inc Delayed Draw Term Loan, 4.750%, (US0003M + 4.000%), 10/29/27 | 235,139 | 0.0 |
954,700 | | Service Logic Acquisition, Inc Term Loan, 4.750%, (US0003M + 4.000%), 10/29/27 | 953,506 | 0.2 |
Principal Amount† | | Borrower/Tranche Description (continued) | Fair Value | Percentage of Net Assets |
LOANS*: (continued) | |
| | Business Equipment & Services: (continued) |
1,102,238 | | SITEL Worldwide Corporation 2021 USD Term Loan, 4.250%, (US0003M + 3.750%), 08/28/28 | $ | 1,103,320 | 0.2 |
1,630,913 | | Skopima Merger Sub Inc. Term Loan B, 4.500%, (US0001M + 4.000%), 05/12/28 | 1,622,903 | 0.3 |
1,330,300 | | Staples, Inc. 7 Year Term Loan, 5.132%, (US0003M + 5.000%), 04/16/26 | 1,288,254 | 0.2 |
1,757,077 | | SurveyMonkey Inc. 2018 Term Loan B, 3.860%, (US0001M + 3.750%), 10/10/25 | 1,748,291 | 0.3 |
810,000 | | TPG VIII Elf Purchaser, LLC 2021 Term Loan B, 4.000%, (US0003M + 3.500%), 11/06/28 | 811,316 | 0.2 |
306,900 | | TruGreen Limited Partnership 2020 Term Loan, 4.750%, (US0001M + 4.000%), 11/02/27 | 307,811 | 0.1 |
249,473 | | Turing Midco LLC 2021 Term Loan B, 3.500%, (US0001M + 3.000%), 03/23/28 | 249,473 | 0.0 |
1,575,275 | | VM Consolidated, Inc. 2021 Term Loan B, 3.474%, (US0006M + 3.250%), 03/19/28 | 1,573,503 | 0.3 |
35,745 | | VT Topco, Inc. 2021 Delayed Draw Term Loan, 3.923%, (US0003M + 3.750%), 08/01/25 | 35,521 | 0.0 |
203,745 | (1) | VT Topco, Inc. 2021 Incremental Term Loan, 4.500%, (US0001M + 3.750%), 08/01/25 | 202,471 | 0.0 |
847,875 | | Waterlogic Holdings Limited 2021 USD Term Loan B, 4.974%, (US0003M + 4.750%), 08/04/28 | 849,995 | 0.2 |
2,361,183 | | Yak Access, LLC 2018 1st Lien Term Loan B, 5.175%, (US0003M + 5.000%), 07/11/25 | 2,124,080 | 0.4 |
970,000 | | Yak Access, LLC 2018 2nd Lien Term Loan B, 10.211%, (US0003M + 10.000%), 07/10/26 | 624,438 | 0.1 |
| | | 42,031,262 | 7.7 |
| | | | |
| | Cable & Satellite Television: 3.8% |
2,670,000 | | Cogeco Financing 2 LP 2021 Incremental Term Loan B, 3.000%, (US0001M + 2.500%), 09/01/28 | 2,663,325 | 0.5 |
2,500,000 | | CSC Holdings LLC, 4.408%, (US0001M + 2.250%), 07/17/25 | 2,465,000 | 0.4 |
1,500,000 | | CSC Holdings, LLC 2019 Term Loan B5, 2.610%, (US0003M + 2.500%), 04/15/27 | 1,483,750 | 0.3 |
2,649,025 | | DirecTV Financing, LLC Term Loan, 5.750%, (US0003M + 5.000%), 08/02/27 | 2,655,496 | 0.5 |
1,960,000 | | Radiate Holdco, LLC 2021 Term Loan B, 4.000%, (US0001M + 3.250%), 09/25/26 | 1,956,053 | 0.4 |
3,479,765 | | Telesat Canada Term Loan B5, 2.900%, (US0002M + 2.750%), 12/07/26 | 3,158,973 | 0.6 |
2,500,000 | | UPC Financing Partnership 2021 USD Term Loan AX, 3.209%, (US0003M + 3.000%), 01/31/29 | 2,495,000 | 0.4 |
3,500,000 | | Virgin Media Bristol LLC 2020 USD Term Loan Q, 3.459%, (US0003M + 3.250%), 01/31/29 | 3,502,187 | 0.6 |
440,000 | | WideOpenWest Finance LLC 2021 Term Loan B, 3.500%, (SOFRRATE + 3.000%), 12/20/28 | 440,092 | 0.1 |
| | | 20,819,876 | 3.8 |
| | | | |
| | Chemicals & Plastics: 2.0% |
997,481 | | Ascend Performance Materials Operations LLC 2021 Term Loan B, 5.500%, (US0003M + 4.750%), 08/27/26 | 1,004,339 | 0.2 |
423,938 | | Avantor Funding, Inc. 2021 Term Loan B5, 2.750%, (US0001M + 2.250%), 11/08/27 | 423,871 | 0.1 |
708,225 | | GEON Performance Solutions, LLC 2021 Term Loan, 5.500%, (US0003M + 4.750%), 08/18/28 | 714,865 | 0.1 |
2,694,904 | | INEOS Styrolution US Holding LLC 2021 USD Term Loan B, 3.250%, (US0001M + 2.750%), 01/29/26 | 2,693,220 | 0.5 |
715,000 | | Ineos US Finance LLC 2021 USD Term Loan B, 2.673%, (US0003M + 2.500%), 11/08/28 | 711,872 | 0.1 |
417,900 | | Lonza Group AG USD Term Loan B, 4.750%, (US0006M + 4.000%), 07/03/28 | 418,066 | 0.1 |
500,000 | | LSF11 A5 Holdco LLC Term Loan, 4.250%, (US0003M + 3.750%), 10/15/28 | 500,208 | 0.1 |
Principal Amount† | | Borrower/Tranche Description (continued) | Fair Value | Percentage of Net Assets |
LOANS*: (continued) | |
| | Chemicals & Plastics: (continued) |
190,000 | | NIC Acquisition Corp. Second Lien Term Loan, 8.500%, (US0003M + 7.750%), 12/29/28 | $ | 187,625 | 0.0 |
1,025,000 | | Olympus Water US Holding Corporation 2021 USD Term Loan B, 4.250%, (US0003M + 3.750%), 11/09/28 | 1,022,793 | 0.2 |
1,110,910 | | Polar US Borrower, LLC 2018 1st Lien Term Loan, 4.879%, (US0003M + 4.750%), 10/15/25 | 1,113,687 | 0.2 |
308,450 | | Potters Industries, LLC Term Loan B, 4.750%, (US0003M + 4.000%), 12/14/27 | 309,414 | 0.1 |
503,738 | | PQ Corporation 2021 Term Loan B, 3.250%, (US0003M + 2.750%), 06/09/28 | 504,472 | 0.1 |
770,000 | | Sparta U.S. HoldCo LLC 2021 Term Loan, 4.250%, (US0003M + 3.500%), 08/02/28 | 771,284 | 0.1 |
632,848 | | Starfruit Finco B.V 2018 USD Term Loan B, 3.102%, (US0001M + 3.000%), 10/01/25 | 630,870 | 0.1 |
| | | 11,006,586 | 2.0 |
| | | | |
| | Clothing/Textiles: 0.2% |
536,642 | | ABG Intermediate Holdings 2 LLC 2021 Delayed Draw Term Loan B2, 4.000%, (SOFRRATE + 3.500%), 12/08/28 | 534,965 | 0.1 |
84,179 | | ABG Intermediate Holdings 2 LLC 2021 Delayed Draw Term Loan B3, 4.000%, (SOFRRATE + 3.500%), 12/08/28 | 83,864 | 0.0 |
84,179 | | ABG Intermediate Holdings 2 LLC 2021 Term Loan B1, 4.000%, (SOFRRATE + 3.500%), 12/21/28 | 83,863 | 0.0 |
503,738 | | Birkenstock GmbH & Co. KG USD Term Loan B, 3.750%, (US0006M + 3.250%), 04/28/28 | 503,108 | 0.1 |
| | | 1,205,800 | 0.2 |
| | | | |
| | Conglomerates: 0.1% |
340,000 | | Fender Musical Instruments Corporation 2021 Term Loan B, 4.500%, (SOFRRATE + 4.000%), 12/01/28 | 340,425 | 0.1 |
| | | | |
| | Consumer, Cyclical: 0.2% |
498,750 | | MOTION FINCO SARL USD TERM LOAN B1, 3.474%, (US0003M + 3.250%), 11/12/26 | 488,775 | 0.1 |
383,075 | | WellPet - TL B 1L, 4.500%, (US0003M + 3.750%), 12/21/27 | 383,913 | 0.1 |
| | | 872,688 | 0.2 |
| | | | |
| | Consumer, Non-cyclical: 0.6% |
1,615,950 | | CoreLogic, Inc. TL B 1L, 4.000%, (US0001M + 3.500%), 06/02/28 | 1,617,162 | 0.3 |
1,816,643 | | Lifescan Global Corporation 2018 1st Lien Term Loan, 6.130%, (US0003M + 6.000%), 10/01/24 | 1,778,493 | 0.3 |
| | | 3,395,655 | 0.6 |
| | | | |
| | Containers & Glass Products: 3.1% |
1,439,125 | | Altium Packaging LLC 2021 Term Loan B, 3.250%, (US0001M + 2.750%), 02/03/28 | 1,426,533 | 0.3 |
1,897,966 | | BWAY Holding Company 2017 Term Loan B, 3.352%, (US0001M + 3.250%), 04/03/24 | 1,875,936 | 0.3 |
945,295 | | Charter NEX US, Inc. 2021 Term Loan, 4.500%, (US0001M + 3.750%), 12/01/27 | 948,839 | 0.2 |
497,498 | | Flex Acquisition Company, Inc. 2021 Term Loan, 4.000%, (US0003M + 3.500%), 03/02/28 | 497,231 | 0.1 |
740,000 | | Plastipak Packaging, Inc. 2021 Term Loan B, 2.610%, (US0001M + 2.500%), 12/01/28 | 739,167 | 0.1 |
726,153 | | Plaze, Inc. 2020 Incremental Term Loan, 4.500%, (US0001M + 3.750%), 08/03/26 | 720,706 | 0.1 |
2,095,000 | | Pretium PKG Holdings, Inc. 2021 1st Lien Term Loan, 4.500%, (US0003M + 4.000%), 10/02/28 | 2,093,504 | 0.4 |
280,000 | | Pretium PKG Holdings, Inc. 2021 2nd Lien Term Loan, 7.250%, (US0003M + 6.750%), 10/01/29 | 280,875 | 0.0 |
122,905 | (1) | Pro Mach Group, Inc. 2021 Delayed Draw Term Loan, 5.000%, (US0003M + 4.000%), 08/31/28 | 123,487 | 0.0 |
894,749 | | Pro Mach Group, Inc. 2021 Term Loan B, 5.000%, (US0003M + 4.000%), 08/31/28 | 898,983 | 0.2 |
910,400 | | Proampac PG Borrower LLC 2020 Term Loan, 4.504%, (US0003M + 3.750%), 11/03/25 | 911,766 | 0.2 |
2,178,000 | | Reynolds Group Holdings Inc. 2020 Term Loan B2, 3.354%, (US0001M + 3.250%), 02/05/26 | 2,168,277 | 0.4 |
Principal Amount† | | Borrower/Tranche Description (continued) | Fair Value | Percentage of Net Assets |
LOANS*: (continued) | |
| | Containers & Glass Products: (continued) |
2,129,663 | | Reynolds Group Holdings Inc. 2021 Term Loan B, 4.000%, (US0001M + 3.500%), 09/20/28 | $ | 2,127,799 | 0.4 |
354,106 | | Tosca Services, LLC 2021 Term Loan, 4.250%, (US0001M + 3.500%), 08/18/27 | 353,221 | 0.1 |
116,032 | (1) | Trident TPI Holdings, Inc. 2021 Delayed Draw Term Loan, 4.500%, (US0003M + 4.000%), 09/15/28 | 116,177 | 0.0 |
816,804 | | Trident TPI Holdings, Inc. 2021 Incremental Term Loan, 4.500%, (US0003M + 4.000%), 09/15/28 | 817,825 | 0.1 |
495,000 | | Valcour Packaging LLC 2021 1st Lien Term Loan, 4.250%, (US0003M + 3.750%), 10/04/28 | 495,000 | 0.1 |
300,000 | | Valcour Packaging LLC 2021 2nd Lien Term Loan, 7.500%, (US0003M + 7.000%), 10/04/29 | 300,000 | 0.1 |
| | | 16,895,326 | 3.1 |
| | | | |
| | Cosmetics/Toiletries: 0.2% |
1,165,247 | | Anastasia Parent, LLC 2018 Term Loan B, 3.974%, (US0003M + 3.750%), 08/11/25 | 1,049,451 | 0.2 |
| | | | |
| | Drugs: 1.2% |
992,245 | | Amneal Pharmaceuticals LLC 2018 Term Loan B, 3.625%, (US0001M + 3.500%), 05/04/25 | 982,943 | 0.2 |
445,000 | | ANI Pharmaceuticals, Inc Term Loan B, 6.750%, (US0001M + 6.000%), 04/27/28 | 446,669 | 0.1 |
1,795,477 | | Endo Luxembourg Finance Company I S.a r.l. 2021 Term Loan, 5.750%, (US0003M + 5.000%), 03/27/28 | 1,752,835 | 0.3 |
2,115,875 | | Jazz Financing Lux S.a.r.l. USD Term Loan, 4.000%, (US0001M + 3.500%), 05/05/28 | 2,127,021 | 0.4 |
1,446,250 | | Organon & Co USD Term Loan, 3.500%, (US0003M + 3.000%), 06/02/28 | 1,450,016 | 0.2 |
| | | 6,759,484 | 1.2 |
| | | | |
| | Ecological Services & Equipment: 0.4% |
720,000 | | Clean Harbors Inc. 2021 Incremental Term Loan B, 2.104%, (US0001M + 2.000%), 10/08/28 | 720,224 | 0.1 |
741,275 | | Denali Water Solutions Term Loan B, 5.000%, (US0003M + 4.250%), 03/25/28 | 740,812 | 0.2 |
498,741 | | GFL Environmental Inc. 2020 Term Loan, 3.500%, (US0001M + 3.000%), 05/30/25 | 500,393 | 0.1 |
| | | 1,961,429 | 0.4 |
| | | | |
| | Electronics/Electrical: 13.1% |
535,000 | | Altar Bidco, Inc. 2021 2nd Lien Term Loan, 5.773%, (US0003M + 5.600%), 11/04/29 | 539,013 | 0.1 |
985,000 | | Altar Bidco, Inc. 2021 Term Loan, 3.523%, (US0003M + 3.350%), 11/17/28 | 982,538 | 0.2 |
1,733,063 | | AP Core Holdings II, LLC Amortization Term Loan B1, 6.250%, (US0001M + 5.500%), 09/01/27 | 1,734,146 | 0.3 |
1,995,000 | | AP Core Holdings II, LLC High-Yield Term Loan B2, 6.250%, (US0001M + 5.500%), 09/01/27 | 2,001,234 | 0.4 |
483,788 | | Atlas Purchaser, Inc. 2021 Term Loan, 6.000%, (US0003M + 5.250%), 05/08/28 | 478,143 | 0.1 |
505,000 | | Banff Merger Sub Inc 2021 USD 2nd Lien Term Loan, 5.630%, (US0003M + 5.500%), 02/27/26 | 510,303 | 0.1 |
238,827 | | Banff Merger Sub Inc 2021 USD Term Loan, 3.974%, (US0003M + 3.750%), 10/02/25 | 238,180 | 0.0 |
710,883 | | Barracuda Networks, Inc. 1st Lien Term Loan, 4.500%, (US0003M + 3.750%), 02/12/25 | 714,326 | 0.1 |
1,390,000 | | Cloudera, Inc. 2021 Term Loan, 4.250%, (US0001M + 3.750%), 10/08/28 | 1,386,814 | 0.3 |
4,095 | | Cohu, Inc. 2018 Term Loan B, 3.220%, (US0001M + 3.000%), 10/01/25 | 4,082 | 0.0 |
311,850 | | CommerceHub, Inc. 2020 Term Loan B, 4.750%, (US0003M + 4.000%), 12/29/27 | 309,121 | 0.1 |
405,000 | | ConnectWise, LLC 2021 Term Loan B, 4.000%, (US0003M + 3.500%), 09/29/28 | 404,566 | 0.1 |
998,029 | | Constant Contact Inc Term Loan, 4.750%, (US0003M + 4.000%), 02/10/28 | 998,446 | 0.2 |
2,805,000 | | Cornerstone OnDemand, Inc. 2021 Term Loan, 4.250%, (US0003M + 3.750%), 10/16/28 | 2,802,546 | 0.5 |
Principal Amount† | | Borrower/Tranche Description (continued) | Fair Value | Percentage of Net Assets |
LOANS*: (continued) | |
| �� | Electronics/Electrical: (continued) |
650,000 | | Creation Technologies Inc. 2021 Term Loan, 6.000%, (US0003M + 5.500%), 10/05/28 | $ | 645,937 | 0.1 |
990,025 | | Delta TopCo, Inc. 2020 Term Loan B, 4.500%, (US0003M + 3.750%), 12/01/27 | 992,191 | 0.2 |
1,444,005 | | EagleView Technology Corporation 2018 Add On Term Loan B, 3.724%, (US0003M + 3.500%), 08/14/25 | 1,415,125 | 0.3 |
497,494 | | Grab Holdings Inc Term Loan B, 5.500%, (US0003M + 4.500%), 01/29/26 | 499,670 | 0.1 |
795,429 | | Helios Software Holdings, Inc. 2021 USD Term Loan B, 3.974%, (US0003M + 3.750%), 03/11/28 | 791,949 | 0.1 |
1,887,697 | | Hyland Software, Inc. 2018 1st Lien Term Loan, 4.250%, (US0001M + 3.500%), 07/01/24 | 1,892,809 | 0.3 |
895,000 | | II-VI Incorporated 2021 Bridge Term Loan B, 2.959%, (US0003M + 2.750%), 12/01/28 | 895,186 | 0.2 |
1,475,605 | | Imperva, Inc. 1st Lien Term Loan, 5.000%, (US0003M + 4.000%), 01/12/26 | 1,476,158 | 0.3 |
1,368,871 | | Imperva, Inc. 2nd Lien Term Loan, 8.750%, (US0003M + 7.750%), 01/11/27 | 1,375,031 | 0.3 |
2,620,000 | | Informatica LLC 2021 USD Term Loan B, 2.875%, (US0001M + 2.750%), 10/27/28 | 2,613,777 | 0.5 |
1,412,900 | | Ingram Micro Inc. 2021 Term Loan B, 4.000%, (US0003M + 3.500%), 06/30/28 | 1,415,255 | 0.3 |
1,590,000 | | Instructure Holdings, Inc. 2021 Term Loan B, 3.250%, (US0001M + 2.750%), 10/30/28 | 1,584,037 | 0.3 |
150,000 | | Ivanti Software, Inc. 2021 2nd Lien Term Loan, 7.750%, (US0003M + 7.250%), 12/01/28 | 150,188 | 0.0 |
258,050 | | Ivanti Software, Inc. 2021 Add On Term Loan B, 4.750%, (US0003M + 4.000%), 12/01/27 | 257,002 | 0.0 |
1,553,447 | | Ivanti Software, Inc. 2021 Term Loan B, 5.000%, (US0003M + 4.250%), 12/01/27 | 1,558,949 | 0.3 |
1,584,000 | | LogMeIn, Inc. Term Loan B, 4.839%, (US0003M + 4.750%), 08/31/27 | 1,576,946 | 0.3 |
123,002 | | MA FinanceCo., LLC USD Term Loan B3, 2.854%, (US0001M + 2.750%), 06/21/24 | 122,387 | 0.0 |
2,134,650 | | Magenta Buyer LLC 2021 USD 1st Lien Term Loan, 5.750%, (US0003M + 5.000%), 07/27/28 | 2,133,760 | 0.4 |
560,000 | | Magenta Buyer LLC 2021 USD 2nd Lien Term Loan, 9.000%, (US0003M + 8.250%), 07/27/29 | 558,250 | 0.1 |
4,253,198 | | McAfee, LLC 2018 USD Term Loan B, 3.852%, (US0001M + 3.750%), 09/30/24 | 4,260,178 | 0.8 |
345,000 | | Mediaocean LLC 2021 Term Loan, 3.709%, (US0003M + 3.500%), 12/15/28 | 343,922 | 0.1 |
1,673,015 | | MH Sub I, LLC 2020 Incremental Term Loan, 4.750%, (US0001M + 3.750%), 09/13/24 | 1,678,767 | 0.3 |
615,000 | | MH Sub I, LLC 2021 2nd Lien Term Loan, 6.352%, (US0001M + 6.250%), 02/12/29 | 621,150 | 0.1 |
385,000 | | Mitchell International, Inc. 2021 2nd Lien Term Loan, 7.000%, (US0003M + 6.500%), 10/15/29 | 388,529 | 0.1 |
1,785,000 | | Mitchell International, Inc. 2021 Term Loan B, 4.250%, (US0003M + 3.750%), 10/15/28 | 1,777,608 | 0.3 |
1,059,675 | | Panther Commercial Holdings L.P Term Loan, 5.000%, (US0003M + 4.500%), 01/07/28 | 1,062,589 | 0.2 |
230,000 | | Ping Identity Corporation 2021 Term Loan B, 4.250%, (SOFRRATE + 3.750%), 11/22/28 | 230,431 | 0.0 |
1,153,350 | | Planview Parent, Inc. Term Loan, 4.750%, (US0003M + 4.000%), 12/17/27 | 1,154,792 | 0.2 |
579,242 | | Project Boost Purchaser, LLC 2019 Term Loan B, 3.604%, (US0001M + 3.500%), 06/01/26 | 576,966 | 0.1 |
2,265,417 | | Project Leopard Holdings, Inc. 2019 Term Loan, 5.750%, (US0003M + 4.750%), 07/07/24 | 2,272,850 | 0.4 |
2,084,113 | | Quest Software US Holdings Inc. 2018 1st Lien Term Loan, 4.379%, (US0003M + 4.250%), 05/16/25 | 2,084,857 | 0.4 |
Principal Amount† | | Borrower/Tranche Description (continued) | Fair Value | Percentage of Net Assets |
LOANS*: (continued) | |
| | Electronics/Electrical: (continued) |
2,000,000 | | Quest Software US Holdings Inc. 2018 2nd Lien Term Loan, 8.379%, (US0003M + 8.250%), 05/18/26 | $ | 2,003,036 | 0.4 |
2,595,388 | | Rackspace Technology Global, Inc. 2021 Term Loan, 3.500%, (US0003M + 2.750%), 02/15/28 | 2,579,491 | 0.5 |
2,440,000 | | Redstone Buyer LLC 2021 Term Loan, 5.500%, (US0003M + 4.750%), 04/27/28 | 2,340,875 | 0.4 |
773,602 | | Riverbed Technology, Inc. 2021 PIK Exit Term Loan, 7.000%, (US0003M + 6.000%), 12/08/26 | 758,613 | 0.1 |
1,542,214 | | Rocket Software, Inc. 2018 Term Loan, 4.354%, (US0001M + 4.250%), 11/28/25 | 1,537,780 | 0.3 |
1,815,875 | | Rocket Software, Inc. 2021 USD Incremental Term Loan B, 4.750%, (US0001M + 4.250%), 11/28/25 | 1,816,783 | 0.3 |
395,076 | | Sabre GLBL Inc. 2021 Term Loan B1, 4.000%, (US0001M + 3.500%), 12/17/27 | 390,532 | 0.1 |
629,774 | | Sabre GLBL Inc. 2021 Term Loan B2, 4.000%, (US0001M + 3.500%), 12/17/27 | 622,532 | 0.1 |
830,013 | | Seattle Spinco, Inc. USD Term Loan B3, 2.854%, (US0001M + 2.750%), 06/21/24 | 825,863 | 0.1 |
1,879,173 | | SonicWall US Holdings Inc. 1st Lien Term Loan, 4.250%, (US0003M + 3.750%), 05/16/25 | 1,881,131 | 0.3 |
101,610 | (1) | Sovos Compliance, LLC 2021 Delayed Draw Term Loan, 4.709%, (US0003M + 4.500%), 08/11/28 | 102,054 | 0.0 |
588,390 | | Sovos Compliance, LLC 2021 Term Loan, 5.000%, (US0001M + 4.500%), 08/11/28 | 590,965 | 0.1 |
355,000 | | Tenable Holdings, Inc. Term Loan B, 3.250%, (US0003M + 2.750%), 07/07/28 | 354,556 | 0.1 |
550,000 | | Trader Interactive, LLC 2021 Term Loan B, 4.500%, (US0003M + 4.000%), 07/28/28 | 549,313 | 0.1 |
4,145 | | Travelport Finance (Luxembourg) S.a.r.l. 2021 Consented Term Loan, 6.974%, 05/29/26 | 3,463 | 0.0 |
1,098,543 | | Ultra Clean Holdings, Inc 2021 Term Loan B, 3.854%, (US0001M + 3.750%), 08/27/25 | 1,101,290 | 0.2 |
1,095,123 | | Watlow Electric Manufacturing Company Term Loan B, 4.250%, (US0003M + 3.750%), 03/02/28 | 1,094,782 | 0.2 |
1,326,592 | | Xperi Corporation 2020 Term Loan B, 3.604%, (US0001M + 3.500%), 06/08/28 | 1,325,929 | 0.2 |
| | | 71,389,692 | 13.1 |
| | | | |
| | Energy: 0.1% |
576,995 | | Navitas Midstream Midland Basin, LLC Term Loan B, 4.750%, (US0001M + 4.000%), 12/13/24 | 576,754 | 0.1 |
| | | | |
| | Equipment Leasing: 0.3% |
380,000 | | Albion Financing 3 SARL USD Term Loan, 5.750%, (US0003M + 5.250%), 08/17/26 | 381,663 | 0.1 |
1,003,886 | | Rent-A-Center, Inc. 2021 First Lien Term Loan B, 3.750%, (US0001M + 3.250%), 02/17/28 | 1,004,357 | 0.2 |
| | | 1,386,020 | 0.3 |
| | | | |
| | Financial: 0.4% |
643,388 | | Acrisure, LLC 2021 Incremental Term Loan B, 4.250%, (US0003M + 3.750%), 02/15/27 | 643,588 | 0.1 |
1,308,429 | | Blucora, Inc. 2017 Term Loan B, 5.000%, (US0003M + 4.000%), 05/22/24 | 1,308,429 | 0.3 |
199,496 | | HUB International Ltd. - TL B3 1L, 4.000%, (US0003M + 3.250%), 04/25/25 | 199,694 | 0.0 |
| | | 2,151,711 | 0.4 |
| | | | |
| | Financial Intermediaries: 3.1% |
445,455 | | Advisor Group, Inc. 2021 Term Loan, 4.604%, (US0001M + 4.500%), 07/31/26 | 446,916 | 0.1 |
541,129 | | AllSpring Buyer LLC Term Loan B, 3.750%, (US0003M + 3.250%), 11/01/28 | 542,723 | 0.1 |
545,000 | | AqGen Ascensus, Inc. 2021 2nd Lien Term Loan, 7.000%, (US0003M + 6.500%), 08/02/29 | 547,044 | 0.1 |
775,000 | | AqGen Island Holdings, Inc. Term Loan, 4.000%, (US0003M + 3.500%), 08/02/28 | 773,708 | 0.1 |
Principal Amount† | | Borrower/Tranche Description (continued) | Fair Value | Percentage of Net Assets |
LOANS*: (continued) | |
| | Financial Intermediaries: (continued) |
126,271 | | Castlelake Aviation Limited Delayed Draw Term Loan, 3.173%, (US0003M + 3.000%), 10/07/26 | $ | 125,929 | 0.0 |
617,182 | | Castlelake Aviation Limited Term Loan B, 2.923%, (US0003M + 2.750%), 10/22/26 | 615,511 | 0.1 |
2,093,474 | | Citadel Securities LP 2021 Term Loan B, 2.604%, (US0001M + 2.500%), 02/02/28 | 2,083,006 | 0.4 |
911,044 | | Cushman & Wakefield U.S. Borrower, LLC 2020 Term Loan B, 2.852%, (US0001M + 2.750%), 08/21/25 | 906,489 | 0.2 |
997,462 | | Deerfield Dakota Holding, LLC 2020 USD Term Loan B, 4.750%, (US0001M + 3.750%), 04/09/27 | 999,867 | 0.2 |
1,496,241 | | Edelman Financial Center, LLC 2021 Term Loan B, 4.250%, (US0001M + 3.500%), 04/07/28 | 1,496,968 | 0.3 |
2,493,467 | | First Eagle Holdings, Inc. 2020 Term Loan B, 2.647%, (US0003M + 2.500%), 02/01/27 | 2,470,872 | 0.5 |
319,688 | | Focus Financial Partners, LLC 2021 Delayed Draw Term Loan, 4.750%, (PRIME + 1.500%), 06/24/28 | 318,522 | 0.1 |
1,378,386 | | Focus Financial Partners, LLC 2021 Term Loan, 3.000%, (US0001M + 2.500%), 07/01/28 | 1,373,360 | 0.2 |
835,000 | | HighTower Holdings LLC 2021 Term Loan B, 4.750%, (US0003M + 4.000%), 04/21/28 | 836,957 | 0.2 |
1,283,781 | | Jane Street Group, LLC 2021 Term Loan, 2.854%, (US0001M + 2.750%), 01/26/28 | 1,276,293 | 0.2 |
1,875,000 | | Trans Union, LLC 2021 Term Loan B6, 2.750%, (US0001M + 2.250%), 12/01/28 | 1,872,786 | 0.3 |
260,000 | | Walker & Dunlop, Inc. 2021 Term Loan, 2.750%, (SOFRRATE + 2.250%), 12/16/28 | 260,000 | 0.0 |
| | | 16,946,951 | 3.1 |
| | | | |
| | Food Products: 1.6% |
987,277 | | 8th Avenue Food & Provisions, Inc. 2018 1st Lien Term Loan, 3.852%, (US0001M + 3.750%), 10/01/25 | 975,759 | 0.2 |
50,000 | | 8th Avenue Food & Provisions, Inc. 2021 Incremental Term Loan, 5.500%, (US0001M + 4.750%), 10/01/25 | 50,625 | 0.0 |
1,020,000 | | CHG PPC Parent LLC 2021 Term Loan, 3.500%, (US0003M + 3.000%), 12/08/28 | 1,016,175 | 0.2 |
101,053 | (1) | Dessert Holdings Inc. Delayed Draw Term Loan, 4.146%, (US0003M + 4.000%), 06/09/28 | 100,800 | 0.0 |
538,947 | | Dessert Holdings Inc. Term Loan, 4.750%, (US0003M + 4.000%), 06/09/28 | 537,600 | 0.1 |
1,994,962 | | IRB Holding Corp 2020 Fourth Amendment Incremental Term Loan, 4.250%, (US0003M + 3.250%), 12/15/27 | 1,997,456 | 0.4 |
970,000 | (2),(3),(4) | NPC International, Inc. 2nd Lien Term Loan, 7.709%, (US0003M + 7.500%), 04/18/25 | 19,400 | 0.0 |
1,115,000 | | Primary Products Finance LLC Term Loan, 4.173%, (US0003M + 4.000%), 10/25/28 | 1,118,485 | 0.2 |
1,086,819 | | Sigma Bidco B.V. 2018 USD Term Loan B, 3.160%, (US0006M + 3.000%), 07/02/25 | 1,065,626 | 0.2 |
1,800,956 | | Weber-Stephen Products LLC Term Loan B, 4.000%, (US0001M + 3.250%), 10/30/27 | 1,805,941 | 0.3 |
| | | 8,687,867 | 1.6 |
| | | | |
| | Food Service: 1.5% |
994,924 | | 1011778 B.C. Unlimited Liability Company Term Loan B4, 1.854%, (US0001M + 1.750%), 11/19/26 | 984,975 | 0.2 |
2,190,000 | | Ali Group S.R.L. 2021 Term Loan B, 2.173%, (US0003M + 2.000%), 10/12/28 | 2,179,733 | 0.4 |
1,125,000 | | Flynn Restaurant Group LP 2021 Term Loan B, 4.750%, (US0003M + 4.250%), 12/01/28 | 1,112,203 | 0.2 |
400,571 | | Fogo De Chao, Inc. 2018 Add On Term Loan, 5.250%, (US0003M + 4.250%), 04/07/25 | 396,816 | 0.1 |
78,000 | | K-Mac Holdings Corp 2021 2nd Lien Term Loan, 7.250%, (US0003M + 6.750%), 07/30/29 | 78,682 | 0.0 |
Principal Amount† | | Borrower/Tranche Description (continued) | Fair Value | Percentage of Net Assets |
LOANS*: (continued) | |
| | Food Service: (continued) |
7,577 | (1) | Pacific Bells, LLC Delayed Draw Term Loan, 4.673%, (US0003M + 4.500%), 10/13/28 | $ | 7,539 | 0.0 |
727,423 | | Pacific Bells, LLC Term Loan B, 5.000%, (US0003M + 4.500%), 10/13/28 | 723,786 | 0.1 |
982,244 | | Tacala, LLC 1st Lien Term Loan, 4.250%, (US0001M + 3.500%), 02/05/27 | 981,738 | 0.2 |
598,469 | | US Foods, Inc. 2019 Term Loan B, 2.104%, (US0001M + 2.000%), 09/13/26 | 592,812 | 0.1 |
1,300,000 | | US Foods, Inc. 2021 Term Loan B, 2.923%, (US0003M + 2.750%), 11/17/28 | 1,300,813 | 0.2 |
| | | 8,359,097 | 1.5 |
| | | | |
| | Food/Drug Retailers: 1.1% |
2,151,044 | | EG Finco Limited 2018 USD Term Loan, 4.224%, (US0003M + 4.000%), 02/07/25 | 2,144,859 | 0.4 |
1,917,610 | | Moran Foods, LLC 2020 2nd Lien Term Loan, 11.750%, (US0003M + 10.750%), 10/01/24 | 1,649,145 | 0.3 |
1,428,171 | (5) | Moran Foods, LLC 2020 Term Loan, 8.000%, (US0003M + 7.000%) (PIK Rate 7.000%, Cash Rate 1.000%), 04/01/24 | 1,460,304 | 0.2 |
996,150 | | Portillos Holdings, LLC 2019 1st Lien Term Loan B3, 6.500%, (US0001M + 5.500%), 09/06/24 | 998,330 | 0.2 |
| | | 6,252,638 | 1.1 |
| | | | |
| | Forest Products: 0.2% |
375,000 | | ASP Blade Holdings, Inc Initial Term Loan, 4.500%, (US0001M + 4.000%), 10/13/28 | 375,527 | 0.1 |
486,334 | | Spa Holdings 3 Oy USD Term Loan B, 4.750%, (US0003M + 4.000%), 02/04/28 | 487,550 | 0.1 |
| | | 863,077 | 0.2 |
| | | | |
| | Health Care: 9.8% |
1,000,000 | | Accelerated Health Systems, LLC Term Loan B, 3.602%, (US0001M + 3.500%), 10/31/25 | 996,875 | 0.2 |
2,367,113 | | ADMI Corp. 2021 Term Loan B2, 3.875%, (US0001M + 3.375%), 12/23/27 | 2,355,277 | 0.4 |
408,949 | | Agiliti Health, Inc Term Loan, 2.875%, (US0001M + 2.750%), 01/04/26 | 407,415 | 0.1 |
1,181,967 | | Air Methods Corporation 2017 Term Loan B, 4.500%, (US0003M + 3.500%), 04/22/24 | 1,124,839 | 0.2 |
4,006,745 | | Bausch Health Companies, Inc. 2018 Term Loan B, 3.104%, (US0001M + 3.000%), 06/02/25 | 3,993,947 | 0.7 |
882,788 | | Bella Holding Company, LLC 2021 Term Loan B, 4.500%, (US0001M + 3.750%), 05/10/28 | 883,339 | 0.2 |
645,000 | | Carestream Dental Equipment, Inc 2021 Term Loan, 5.000%, (US0003M + 4.500%), 09/01/24 | 645,000 | 0.1 |
657,625 | | CCRR Parent, Inc Term Loan B, 4.500%, (US0003M + 3.750%), 03/06/28 | 660,708 | 0.1 |
972,563 | | CHG Healthcare Services Inc. 2021 Term Loan, 4.000%, (US0003M + 3.500%), 09/29/28 | 973,718 | 0.2 |
1,234,813 | | Curia Global, Inc. 2021 Term Loan, 4.500%, (US0003M + 3.750%), 08/30/26 | 1,237,515 | 0.2 |
1,630,861 | | Da Vinci Purchaser Corp. 2019 Term Loan, 5.000%, (US0003M + 4.000%), 01/08/27 | 1,634,938 | 0.3 |
1,965,003 | | Envision Healthcare Corporation 2018 1st Lien Term Loan, 3.854%, (US0001M + 3.750%), 10/10/25 | 1,587,231 | 0.3 |
752,453 | | eResearchTechnology, Inc. 2020 1st Lien Term Loan, 5.500%, (US0001M + 4.500%), 02/04/27 | 756,779 | 0.1 |
2,002,103 | | Global Medical Response, Inc. 2017 Incremental Term Loan, 5.250%, (US0006M + 4.250%), 03/14/25 | 1,996,681 | 0.4 |
879,302 | | GoodRx, Inc. 1st Lien Term Loan, 2.852%, (US0001M + 2.750%), 10/10/25 | 876,737 | 0.2 |
497,396 | | Greenway Health, LLC 2017 1st Lien Term Loan, 4.750%, (US0003M + 3.750%), 02/16/24 | 477,345 | 0.1 |
636,800 | | Heartland Dental, LLC 2021 Incremental Term Loan, 4.104%, (US0001M + 4.000%), 04/30/25 | 636,070 | 0.1 |
1,625,000 | | Hunter Holdco 3 Limited USD Term Loan B, 4.750%, (US0003M + 4.250%), 08/19/28 | 1,629,063 | 0.3 |
Principal Amount† | | Borrower/Tranche Description (continued) | Fair Value | Percentage of Net Assets |
LOANS*: (continued) | |
| | Health Care: (continued) |
455,000 | | ICU Medical, Inc. Term Loan B, 3.000%, (SOFRRATE + 2.500%), 12/16/28 | $ | 456,422 | 0.1 |
122,400 | (1) | Medical Solutions L.L.C. 2021 Delayed Draw Term Loan, 3.673%, (US0003M + 3.500%), 11/01/28 | 122,369 | 0.0 |
642,600 | | Medical Solutions L.L.C. 2021 First Lien Term Loan, 4.000%, (US0003M + 3.500%), 11/01/28 | 642,439 | 0.1 |
1,090,000 | | Medline Borrower, LP USD Term Loan B, 3.750%, (US0001M + 3.250%), 10/23/28 | 1,090,340 | 0.2 |
2,435,000 | | MPH Acquisition Holdings LLC 2021 Term Loan B, 4.750%, (US0003M + 4.250%), 08/17/28 | 2,387,060 | 0.4 |
150,000 | | National Mentor Holdings, Inc. 2021 2nd Lien Term Loan, 8.000%, (US0003M + 7.250%), 03/02/29 | 149,813 | 0.0 |
260,614 | (1) | National Mentor Holdings, Inc. 2021 Delayed Draw Term Loan, 4.500%, (US0003M + 3.750%), 03/02/28 | 258,366 | 0.0 |
87,058 | | National Mentor Holdings, Inc. 2021 Term Loan C, 4.500%, (US0003M + 3.750%), 03/02/28 | 86,307 | 0.0 |
2,625,347 | | National Mentor Holdings, Inc. 2021 Term Loan, 4.500%, (US0003M + 3.750%), 03/02/28 | 2,602,704 | 0.5 |
1,355,529 | | Ortho-Clinical Diagnostics SA 2018 Term Loan B, 3.081%, (US0001M + 3.000%), 06/30/25 | 1,356,745 | 0.3 |
643,388 | | Pacific Dental Services,LLC 2021 Term Loan, 4.000%, (US0001M + 3.250%), 05/05/28 | 644,392 | 0.1 |
759,238 | | Packaging Coordinators Midco, Inc. 2020 1st Lien Term Loan, 4.500%, (US0003M + 3.750%), 11/30/27 | 760,187 | 0.1 |
1,000,000 | | Padagis LLC Term Loan B, 5.250%, (US0003M + 4.750%), 07/06/28 | 996,875 | 0.2 |
1,011,528 | | Pathway Vet Alliance LLC 2021 Term Loan, 3.854%, (US0001M + 3.750%), 03/31/27 | 1,009,527 | 0.2 |
977,487 | | PetVet Care Centers, LLC 2021 Term Loan B3, 4.250%, (US0001M + 3.500%), 02/14/25 | 978,709 | 0.2 |
1,825,758 | | Phoenix Guarantor Inc 2020 Term Loan B, 3.354%, (US0001M + 3.250%), 03/05/26 | 1,817,281 | 0.3 |
1,189,050 | | Phoenix Guarantor Inc 2021 Term Loan B3, 3.604%, (US0001M + 3.500%), 03/05/26 | 1,183,529 | 0.2 |
309,225 | | Pluto Acquisition I, Inc. 2021 1st Lien Term Loan, 4.175%, (US0003M + 4.000%), 06/22/26 | 308,581 | 0.1 |
248,125 | | PointClickCare Technologies, Inc. Term Loan B, 3.750%, (US0006M + 3.000%), 12/29/27 | 248,280 | 0.0 |
393,025 | | Press Ganey Holdings, Inc. 2021 Term Loan B, 4.500%, (US0003M + 3.750%), 07/24/26 | 394,171 | 0.1 |
1,404,388 | | Project Ruby Ultimate Parent Corp. 2021 Term Loan, 4.000%, (US0001M + 3.250%), 03/03/28 | 1,403,510 | 0.3 |
1,882,803 | | RegionalCare Hospital Partners Holdings, Inc. 2018 Term Loan B, 3.852%, (US0001M + 3.750%), 11/16/25 | 1,883,509 | 0.3 |
485,000 | | Resonetics, LLC 2021 Term Loan, 4.750%, (US0003M + 4.000%), 04/28/28 | 485,606 | 0.1 |
760,519 | | RxBenefits, Inc. 2020 Term Loan, 5.250%, (US0003M + 4.500%), 12/17/27 | 762,896 | 0.1 |
1,035,000 | | Sotera Health Holdings, LLC 2021 Term Loan, 3.250%, (US0003M + 2.750%), 12/11/26 | 1,032,628 | 0.2 |
2,188,463 | | Surgery Center Holdings, Inc. 2021 Term Loan, 4.500%, (US0001M + 3.750%), 08/31/26 | 2,190,515 | 0.4 |
1,496,063 | | Tecomet Inc. 2017 Repriced Term Loan, 4.675%, (US0003M + 3.500%), 05/01/24 | 1,425,000 | 0.3 |
1,162,088 | | U.S. Anesthesia Partners, Inc. 2021 Term Loan, 4.750%, (US0006M + 4.250%), 10/01/28 | 1,160,635 | 0.2 |
926,285 | | Unified Physician Management, LLC 2020 Term Loan, 5.000%, (US0001M + 4.250%), 12/16/27 | 929,469 | 0.2 |
1,042,388 | | Virgin Pulse, Inc. 2021 Term Loan, 4.750%, (US0003M + 4.000%), 04/06/28 | 1,031,312 | 0.2 |
820,000 | | WP CityMD Bidco LLC 2021 1st Lien Term Loan B, 3.750%, (US0006M + 3.250%), 11/18/28 | 820,205 | 0.2 |
| | | 53,492,859 | 9.8 |
| | | | |
Principal Amount† | | Borrower/Tranche Description (continued) | Fair Value | Percentage of Net Assets |
LOANS*: (continued) | |
| | Home Furnishings: 0.3% |
763,088 | | Conair Holdings, LLC Term Loan B, 3.970%, (US0003M + 3.750%), 05/17/28 | $ | 764,246 | 0.1 |
870,000 | | Illuminate Merger Sub Corp. Term Loan, 4.000%, (US0003M + 3.500%), 07/21/28 | 864,291 | 0.2 |
| | | 1,628,537 | 0.3 |
| | | | |
| | Industrial Equipment: 1.6% |
498,727 | | Alliance Laundry Systems LLC Term Loan B, 4.250%, (US0003M + 3.500%), 10/08/27 | 499,440 | 0.1 |
169,725 | (1) | CMBF LLC Delayed Draw Term Loan, 6.120%, (US0003M + 6.000%), 08/02/28 | 168,452 | 0.0 |
570,275 | | CMBF LLC Term Loan, 6.500%, (US0001M + 6.000%), 08/02/28 | 565,998 | 0.1 |
1,300,603 | | Granite Holdings US Acquisition Co. 2021 Term Loan B, 4.224%, (US0003M + 4.000%), 09/30/26 | 1,302,229 | 0.2 |
250,521 | | I-Logic Technologies Bidco Limited 2021 USD Term Loan B, 4.500%, (US0003M + 4.000%), 02/16/28 | 251,617 | 0.0 |
1,356,920 | | Kenan Advantage Group, Inc. 2021 Term Loan B1, 4.500%, (US0001M + 3.750%), 03/24/26 | 1,356,072 | 0.3 |
4,601 | | Madison IAQ LLC Term Loan, 3.750%, (US0006M + 3.250%), 06/21/28 | 4,603 | 0.0 |
2,045,000 | | MKS Instruments, Inc. 2021 USD Term Loan, 2.423%, (US0003M + 2.250%), 10/21/28 | 2,043,082 | 0.4 |
1,036,875 | | Star US Bidco LLC Term Loan B, 5.250%, (US0001M + 4.250%), 03/17/27 | 1,036,227 | 0.2 |
1,701,645 | | Vertical US Newco Inc Term Loan B, 4.000%, (US0006M + 3.500%), 07/30/27 | 1,704,836 | 0.3 |
| | | 8,932,556 | 1.6 |
| | | | |
| | Insurance: 3.3% |
1,731,682 | | Acrisure, LLC 2020 Term Loan B, 3.724%, (US0003M + 3.500%), 02/15/27 | 1,715,808 | 0.3 |
1,110,000 | | Acrisure, LLC 2021 First Lien Term Loan B, 4.750%, (US0003M + 4.250%), 02/15/27 | 1,111,388 | 0.2 |
1,815,000 | | Alliant Holdings Intermediate, LLC 2021 Term Loan B4, 4.000%, (US0001M + 3.500%), 11/06/27 | 1,815,000 | 0.3 |
1,364,777 | | Alliant Holdings Intermediate, LLC Term Loan B, 3.354%, (US0001M + 3.250%), 05/09/25 | 1,352,266 | 0.3 |
1,246,787 | | Aretec Group, Inc. 2018 Term Loan, 4.354%, (US0001M + 4.250%), 10/01/25 | 1,250,163 | 0.2 |
2,790,454 | | AssuredPartners, Inc. 2020 Term Loan B, 3.604%, (US0001M + 3.500%), 02/12/27 | 2,773,014 | 0.5 |
1,183,053 | | Hub International Limited 2018 Term Loan B, 2.875%, (US0003M + 2.750%), 04/25/25 | 1,169,989 | 0.2 |
755,000 | | IMA Financial Group, Inc. Term Loan, 3.923%, (US0003M + 3.750%), 11/01/28 | 753,739 | 0.2 |
1,713,429 | | NFP Corp. 2020 Term Loan, 3.354%, (US0001M + 3.250%), 02/15/27 | 1,688,186 | 0.3 |
2,375,870 | | OneDigital Borrower LLC 2021 Term Loan, 4.750%, (SOFRRATE + 4.250%), 11/16/27 | 2,375,870 | 0.4 |
497,481 | | Ryan Specialty Group, LLC Term Loan, 3.750%, (US0001M + 3.000%), 09/01/27 | 498,362 | 0.1 |
1,719,375 | | Sedgwick Claims Management Services, Inc. 2018 Term Loan B, 3.354%, (US0001M + 3.250%), 12/31/25 | 1,708,414 | 0.3 |
| | | 18,212,199 | 3.3 |
| | | | |
| | Leisure Good/Activities/Movies: 3.7% |
615,038 | | 24 Hour Fitness Worldwide, Inc. 2021 Delayed Draw Term Loan, 3.000%, 08/26/22 | 618,113 | 0.1 |
954,635 | | 24 Hour Fitness Worldwide, Inc. 2021 Exit Delayed Draw Term Loan, 9.400%, (US0003M + 14.000%), 09/29/26 | 951,454 | 0.2 |
2,109,382 | | Alterra Mountain Company 2021 Series B-2 Consenting Term Loan, 4.000%, (US0001M + 3.500%), 08/17/28 | 2,110,261 | 0.4 |
711,345 | (4) | AMC Entertainment Holdings Inc. 2019 Term Loan B, 3.103%, (US0001M + 3.000%), 04/22/26 | 642,700 | 0.1 |
Principal Amount† | | Borrower/Tranche Description (continued) | Fair Value | Percentage of Net Assets |
LOANS*: (continued) | |
| | Leisure Good/Activities/Movies: (continued) |
2,204,475 | | AppLovin Corporation 2021 Term Loan B, 3.500%, (US0001M + 3.000%), 10/25/28 | $ | 2,206,128 | 0.4 |
1,990,000 | | City Football Group Limited Term Loan, 4.000%, (US0006M + 3.500%), 07/21/28 | 1,982,538 | 0.4 |
1,723,621 | | ClubCorp Club Operations, Inc. 2017 Incremental Term Loan, 2.970%, (US0003M + 2.750%), 09/18/24 | 1,664,525 | 0.3 |
15,037 | (5) | Crown Finance US, Inc. 2020 Term Loan B1, 7.132%, (US0003M + 7.000%) (PIK Rate 8.250%, Cash Rate 7.000%), 05/23/24 | 17,962 | 0.0 |
2,127,729 | | CWGS Group, LLC 2021 Term Loan B, 3.250%, (US0001M + 2.500%), 06/03/28 | 2,115,760 | 0.4 |
500,000 | | Delta 2 (LUX) S.a.r.l. 2018 USD Term Loan, 3.500%, (US0001M + 2.500%), 02/01/24 | 500,134 | 0.1 |
1,624,842 | | Hayward Industries, Inc. 2021 Term Loan, 3.000%, (US0001M + 2.500%), 05/12/28 | 1,619,765 | 0.3 |
488,775 | | MajorDrive Holdings IV LLC Term Loan B, 4.500%, (US0003M + 4.000%), 05/12/28 | 489,386 | 0.1 |
496,203 | | PUG LLC USD Term Loan, 3.604%, (US0001M + 3.500%), 02/12/27 | 486,279 | 0.1 |
532,828 | | RV Retailer, LLC Term Loan B, 4.750%, (US0003M + 4.000%), 02/08/28 | 532,495 | 0.1 |
1,350,220 | | Samsonite International S.A. 2020 Incremental Term Loan B2, 3.750%, (US0001M + 3.000%), 04/25/25 | 1,344,193 | 0.2 |
1,250,000 | | Thor Industries, Inc. 2021 USD Term Loan, 3.125%, (US0001M + 3.000%), 02/01/26 | 1,253,594 | 0.2 |
1,101,785 | | WeddingWire, Inc. 1st Lien Term Loan, 4.629%, (US0003M + 4.500%), 12/19/25 | 1,105,228 | 0.2 |
600,000 | | WeddingWire, Inc. 2nd Lien Term Loan, 8.379%, (US0003M + 8.250%), 12/21/26 | 591,000 | 0.1 |
| | | 20,231,515 | 3.7 |
| | | | |
995,000 | | Aimbridge Acquisition Co., Inc. 2020 Incremental Term Loan B, 5.500%, (US0001M + 4.750%), 02/02/26 | 992,513 | 0.2 |
744,042 | | Arches Buyer Inc. 2021 Term Loan B, 3.750%, (US0001M + 3.250%), 12/06/27 | 740,148 | 0.1 |
2,604,328 | | Aristocrat Leisure Limited 2020 Incremental Term Loan B, 4.750%, (US0003M + 3.750%), 10/19/24 | 2,623,318 | 0.5 |
2,545,894 | | Caesars Resort Collection, LLC 2020 Term Loan B1, 3.604%, (US0001M + 3.500%), 07/21/25 | 2,550,072 | 0.5 |
962,963 | | Golden Entertainment, Inc. 2017 1st Lien Term Loan, 3.750%, (US0001M + 3.000%), 10/21/24 | 962,963 | 0.2 |
1,301,738 | | Hilton Grand Vacations Borrower LLC 2021 Term Loan B, 3.500%, (US0003M + 3.000%), 08/02/28 | 1,305,398 | 0.2 |
500,000 | | Hilton Worldwide Finance, LLC 2019 Term Loan B2, 1.852%, (US0001M + 1.750%), 06/22/26 | 496,528 | 0.1 |
670,682 | | Stars Group Holdings B.V. (The) 2018 USD Incremental Term Loan, 2.474%, (US0003M + 2.250%), 07/21/26 | 669,119 | 0.1 |
745,875 | | The Enterprise Development Authority Term Loan B, 5.000%, (US0001M + 4.250%), 02/28/28 | 745,875 | 0.1 |
2,240,000 | | Twin River Worldwide Holdings, Inc. 2021 Term Loan B, 3.750%, (US0006M + 3.250%), 10/02/28 | 2,243,219 | 0.4 |
| | | 13,329,153 | 2.4 |
| | | | |
| | Mortgage REITs: 0.1% |
76,020 | | BIFM CA Buyer Inc. 2021 Delayed Draw Term Loan, 3.604%, (US0001M + 3.500%), 06/01/26 | 75,450 | 0.0 |
663,873 | | BIFM CA Buyer Inc. Term Loan B, 3.601%, (US0001M + 3.500%), 06/01/26 | 658,479 | 0.1 |
| | | 733,929 | 0.1 |
| | | | |
Principal Amount† | | Borrower/Tranche Description (continued) | Fair Value | Percentage of Net Assets |
LOANS*: (continued) | |
| | Nonferrous Metals/Minerals: 0.8% |
1,336,122 | | Covia Holdings Corporation 2020 PIK Take Back Term Loan, 5.000%, (US0003M + 4.000%), 07/31/26 | $ | 1,326,101 | 0.3 |
2,938,834 | | U.S. Silica Company 2018 Term Loan B, 5.000%, (US0001M + 4.000%), 05/01/25 | 2,879,599 | 0.5 |
| | | 4,205,700 | 0.8 |
| | | | |
| | Oil & Gas: 2.5% |
451,526 | | BCP Renaissance Parent LLC 2017 Term Loan B, 4.500%, (US0003M + 3.500%), 10/31/24 | 450,906 | 0.1 |
1,335,671 | | Brazos Delaware II, LLC Term Loan B, 4.103%, (US0001M + 4.000%), 05/21/25 | 1,302,905 | 0.2 |
451,602 | | Glass Mountain Pipeline Holdings, LLC 2021 Exit Term Loan, 5.500%, (US0003M + 4.500%), 10/28/27 | 401,926 | 0.1 |
936,090 | | HGIM Corp. 2018 Exit Term Loan, 7.000%, (US0003M + 6.000%), 07/02/23 | 788,655 | 0.1 |
862,838 | | ITT Holdings LLC 2021 Term Loan, 3.250%, (US0001M + 2.750%), 07/10/28 | 863,377 | 0.1 |
1,745,625 | | Lucid Energy Group II Borrower, LLC 2021 Term Loan, 5.000%, (US0003M + 4.250%), 11/24/28 | 1,725,987 | 0.3 |
730,544 | | Medallion Midland Acquisition, LLC 2021 Term Loan, 4.500%, (US0001M + 3.750%), 10/18/28 | 727,043 | 0.1 |
800,000 | | NorthRiver Midstream Finance LP 2018 Term Loan B, 3.382%, (US0003M + 3.250%), 10/01/25 | 799,834 | 0.1 |
880,000 | | Oryx Midstream Services Permian Basin LLC Term Loan B, 3.750%, (US0003M + 3.250%), 10/05/28 | 875,442 | 0.2 |
1,450,000 | | Southwestern Energy Company 2021 Term Loan, 3.000%, (SOFRRATE + 2.500%), 06/22/27 | 1,454,531 | 0.3 |
2,055,000 | | TransMontaigne Operating Company L.P. Term Loan B, 4.000%, (US0001M + 3.500%), 11/17/28 | 2,057,569 | 0.4 |
978,475 | | Traverse Midstream Partners LLC 2017 Term Loan, 5.250%, (SOFRRATE + 4.250%), 09/27/24 | 976,029 | 0.2 |
1,493,652 | | WaterBridge Midstream Operating LLC Term Loan B, 6.750%, (US0006M + 5.750%), 06/22/26 | 1,460,044 | 0.3 |
| | | 13,884,248 | 2.5 |
| | | | |
| | Publishing: 0.8% |
826,666 | | Alchemy Copyrights, LLC Term Loan B, 3.500%, (US0001M + 3.000%), 03/10/28 | 828,732 | 0.2 |
1,000,000 | | Cengage Learning, Inc. 2021 Term Loan B, 5.750%, (US0003M + 4.750%), 06/29/26 | 1,003,920 | 0.2 |
1,350,000 | | Dotdash Meredith Inc Term Loan B, 4.500%, (SOFRRATE + 4.000%), 12/01/28 | 1,353,375 | 0.2 |
1,231,913 | | McGraw-Hill Global Education Holdings, LLC 2021 Term Loan, 5.250%, (US0001M + 4.750%), 07/28/28 | 1,228,319 | 0.2 |
| | | 4,414,346 | 0.8 |
| | | | |
| | Radio & Television: 2.7% |
498,688 | | A-L Parent LLC 2016 1st Lien Term Loan, 4.250%, (US0001M + 3.250%), 12/01/23 | 474,611 | 0.1 |
2,138,326 | | Clear Channel Outdoor Holdings, Inc. Term Loan B, 3.629%, (US0003M + 3.500%), 08/21/26 | 2,111,430 | 0.4 |
817,655 | | Cumulus Media New Holdings Inc. Term Loan B, 4.750%, (US0003M + 3.750%), 03/31/26 | 818,507 | 0.1 |
4,815,986 | | Diamond Sports Group, LLC Term Loan, 3.353%, (US0001M + 3.250%), 08/24/26 | 2,263,513 | 0.4 |
2,155,000 | | Gray Television, Inc. 2021 Term Loan D, 3.099%, (US0001M + 3.000%), 12/01/28 | 2,147,591 | 0.4 |
280,000 | | iHeartCommunications, Inc. 2020 Incremental Term Loan, 3.750%, (US0001M + 3.250%), 05/01/26 | 280,583 | 0.1 |
1,533,849 | | iHeartCommunications, Inc. 2020 Term Loan, 3.104%, (US0001M + 3.000%), 05/01/26 | 1,525,769 | 0.3 |
703,352 | | NASCAR Holdings, Inc Term Loan B, 2.604%, (US0001M + 2.500%), 10/19/26 | 703,133 | 0.1 |
159,542 | | Sinclair Television Group Inc. Term Loan B2B, 2.610%, (US0001M + 2.500%), 09/30/26 | 157,049 | 0.0 |
Principal Amount† | | Borrower/Tranche Description (continued) | Fair Value | Percentage of Net Assets |
LOANS*: (continued) | |
| | Radio & Television: (continued) |
3,162,702 | | Terrier Media Buyer, Inc. 2021 Term Loan, 3.604%, (US0001M + 3.500%), 12/17/26 | $ | 3,152,819 | 0.6 |
1,353,258 | | Univision Communications Inc. 2021 First Lien Term Loan B, 4.000%, (US0001M + 3.250%), 03/15/26 | 1,357,487 | 0.2 |
| | | 14,992,492 | 2.7 |
| | | | |
| | Retailers (Except Food & Drug): 2.7% |
34,222 | | AI Aqua Merger Sub, Inc. 2021 1st Lien Delayed Draw Term Loan, 4.209%, (US0003M + 4.000%), 07/31/28 | 34,308 | 0.0 |
342,222 | | AI Aqua Merger Sub, Inc. 2021 1st Lien Term Loan B, 4.500%, (US0001M + 4.000%), 07/31/28 | 343,078 | 0.1 |
157,461 | | Belk, Inc. 2021 FLFO Term Loan, 8.500%, (US0003M + 7.500%), 07/31/25 | 157,724 | 0.0 |
28,435 | | Belk, Inc. 2021 FLSO Term Loan, 13.000%, (US0003M + 13.000%), 07/31/25 | 21,089 | 0.0 |
609,431 | | CNT Holdings I Corp 2020 Term Loan, 4.250%, (US0003M + 3.500%), 11/08/27 | 610,041 | 0.1 |
672,742 | | Franchise Group Intermediate Holdco, LLC 2021 First Out Term Loan B, 5.500%, (US0003M + 4.750%), 03/10/26 | 674,844 | 0.1 |
1,712,732 | | Great Outdoors Group, LLC 2021 Term Loan B1, 4.500%, (US0003M + 3.750%), 03/06/28 | 1,716,747 | 0.3 |
3,693,703 | | Harbor Freight Tools USA, Inc. 2021 Term Loan B, 3.250%, (US0001M + 2.750%), 10/19/27 | 3,690,530 | 0.7 |
754,113 | | Jo-Ann Stores, Inc. 2021 Term Loan B1, 5.500%, (US0003M + 4.750%), 07/07/28 | 747,750 | 0.1 |
640,870 | | Leslies Poolmart, Inc. 2021 Term Loan B, 3.000%, (US0003M + 2.500%), 03/09/28 | 639,618 | 0.1 |
623,993 | | Mens Wearhouse, Inc. (The) 2020 Take Back Term Loan, 9.000%, (US0003M + 8.000%), 12/01/25 | 536,634 | 0.1 |
205,704 | | Mens Wearhouse, Inc. (The) 2020 Term Loan, 12.000%, (US0003M + 11.000%), 06/01/25 | 205,704 | 0.1 |
1,070,373 | | Michaels Companies, Inc. 2021 Term Loan B, 5.000%, (US0003M + 4.250%), 04/15/28 | 1,061,810 | 0.2 |
800,000 | | Petmate Incremental Term Loan B, 6.250%, (US0003M + 5.500%), 09/15/28 | 796,333 | 0.2 |
1,250,000 | | Pilot Travel Centers LLC 2021 Term Loan B, 2.104%, (US0001M + 2.000%), 08/04/28 | 1,244,097 | 0.2 |
588,525 | | Restoration Hardware, Inc. Term Loan B, 3.000%, (US0003M + 2.500%), 10/20/28 | 586,686 | 0.1 |
1,000,000 | | Tory Burch LLC Term Loan B, 4.000%, (US0003M + 3.000%), 04/16/28 | 999,167 | 0.2 |
510,000 | | Victorias Secret & Co. Term Loan B, 3.750%, (US0003M + 3.250%), 06/30/28 | 510,000 | 0.1 |
| | | 14,576,160 | 2.7 |
| | | | |
| | Surface Transport: 1.1% |
1,569,125 | | American Trailer World Corp. Term Loan B, 4.500%, (US0001M + 3.750%), 03/03/28 | 1,565,692 | 0.3 |
629,082 | | ENC Holding Corporation 2021 Term Loan, 5.004%, (US0003M + 4.250%), 08/04/28 | 627,705 | 0.1 |
55,918 | (1) | ENC Holding Corporation Delayed Draw Term Loan, 4.370%, (US0003M + 4.250%), 08/04/28 | 55,796 | 0.0 |
150,000 | | LaserShip, Inc. 2021 2nd Lien Term Loan, 8.250%, (US0006M + 7.500%), 05/07/29 | 151,312 | 0.0 |
997,500 | | LaserShip, Inc. 2021 Term Loan, 5.250%, (US0003M + 4.500%), 05/07/28 | 999,838 | 0.2 |
1,542,888 | | Savage Enterprises LLC 2021 Term Loan B, 3.750%, (US0001M + 3.250%), 09/15/28 | 1,543,369 | 0.3 |
890,000 | | Worldwide Express Operations, LLC 2021 1st Lien Term Loan, 5.000%, (US0006M + 4.250%), 07/26/28 | 892,622 | 0.2 |
250,000 | | Worldwide Express Operations, LLC 2021 2nd Lien Term Loan, 7.750%, (US0006M + 7.000%), 07/26/29 | 251,875 | 0.0 |
| | | 6,088,209 | 1.1 |
| | | | |
Principal Amount† | | Borrower/Tranche Description (continued) | Fair Value | Percentage of Net Assets |
LOANS*: (continued) | |
| | Technology: 0.7% |
2,230,527 | | Misys (Finastra) - TL B 1L, 4.500%, (US0003M + 3.500%), 06/13/24 | $ | 2,223,158 | 0.4 |
786,000 | | RealPage, Inc. Term Loan B 1L, 3.750%, (US0001M + 3.250%), 04/24/28 | 784,625 | 0.1 |
1,041,663 | | Veritas US Inc. 2021 USD Term Loan B, 6.000%, (US0003M + 5.000%), 09/01/25 | 1,042,802 | 0.2 |
| | | 4,050,585 | 0.7 |
| | | | |
| | Telecommunications: 6.4% |
898,302 | | Altice Financing SA 2017 USD Term Loan B, 2.874%, (US0003M + 2.750%), 07/15/25 | 889,694 | 0.2 |
898,952 | | Altice Financing SA USD 2017 1st Lien Term Loan, 2.874%, (US0003M + 2.750%), 01/31/26 | 891,086 | 0.2 |
631,292 | | Altice France S.A. USD Term Loan B11, 2.879%, (US0003M + 2.750%), 07/31/25 | 620,797 | 0.1 |
1,984,962 | | Asurion LLC 2020 Term Loan B8, 3.354%, (US0003M + 3.250%), 12/23/26 | 1,973,591 | 0.4 |
530,000 | | Asurion LLC 2021 2nd Lien Term Loan B3, 5.355%, (US0001M + 5.250%), 01/31/28 | 530,083 | 0.1 |
1,170,000 | | Asurion LLC 2021 Second Lien Term Loan B4, 5.354%, (US0001M + 5.250%), 01/20/29 | 1,167,075 | 0.2 |
6,977,418 | | Asurion LLC 2021 Term Loan B9, 3.354%, (US0001M + 3.250%), 07/31/27 | 6,940,355 | 1.3 |
2,247,235 | | Avaya, Inc. 2020 Term Loan B, 4.360%, (US0003M + 4.250%), 12/15/27 | 2,256,356 | 0.4 |
816,201 | | Cablevision Lightpath LLC Term Loan B, 3.750%, (US0003M + 3.250%), 11/30/27 | 816,099 | 0.2 |
1,349,800 | | CCI Buyer, Inc. Term Loan, 4.500%, (US0003M + 3.750%), 12/17/27 | 1,352,612 | 0.2 |
2,992,366 | | CenturyLink, Inc. 2020 Term Loan B, 2.343%, (US0001M + 2.250%), 03/15/27 | 2,960,339 | 0.5 |
1,786,153 | | CommScope, Inc. 2019 Term Loan B, 3.352%, (US0001M + 3.250%), 04/06/26 | 1,766,616 | 0.3 |
2,392,388 | | Connect Finco Sarl 2021 Term Loan B, 4.500%, (US0001M + 3.500%), 12/11/26 | 2,395,565 | 0.4 |
1,000,000 | | Digi International Inc. Term Loan B, 5.209%, (US0003M + 5.000%), 12/22/28 | 991,875 | 0.2 |
1,747,784 | | Global Tel*Link Corporation 2018 1st Lien Term Loan, 4.354%, (US0001M + 4.250%), 11/29/25 | 1,702,633 | 0.3 |
1,447,028 | | Global Tel*Link Corporation 2018 2nd Lien Term Loan, 8.354%, (US0001M + 8.250%), 11/29/26 | 1,354,176 | 0.3 |
384,038 | | GOGO Intermediate Holdings LLC Term Loan B, 4.500%, (US0003M + 3.750%), 04/30/28 | 383,797 | 0.1 |
1,090,000 | | Gridiron Fiber Corp. Term Loan, 4.658%, (US0002M + 4.500%), 10/04/28 | 1,075,694 | 0.2 |
253,478 | | GTT Communications, Inc. 2018 USD Term Loan B, 7.000%, (PRIME + 3.750%), 05/31/25 | 227,243 | 0.0 |
750,000 | | Level 3 Financing Inc. 2019 Term Loan B, 1.854%, (US0001M + 1.750%), 03/01/27 | 741,094 | 0.1 |
797,922 | | Securus Technologies Holdings, Inc. 2017 1st Lien Term Loan, 4.709%, (US0003M + 4.500%), 11/01/24 | 777,974 | 0.1 |
994,845 | | Syniverse Holdings, Inc. 2018 1st Lien Term Loan, 6.000%, (US0003M + 5.000%), 03/09/23 | 989,249 | 0.2 |
675,000 | | Toruk AS 2021 USD Term Loan B, 4.923%, (US0003M + 4.750%), 11/02/28 | 662,906 | 0.1 |
1,477,299 | | Zayo Group Holdings, Inc. USD Term Loan, 3.104%, (US0001M + 3.000%), 03/09/27 | 1,459,140 | 0.3 |
| | | 34,926,049 | 6.4 |
| | | | |
| | Utilities: 0.8% |
1,259,864 | | Edgewater Generation, L.L.C. Term Loan, 3.854%, (US0001M + 3.750%), 12/13/25 | 1,194,903 | 0.2 |
563,265 | | Generation Bridge Acquisition, LLC Term Loan B, 7.250%, (US0003M + 5.000%), 08/05/28 | 564,674 | 0.1 |
11,735 | | Generation Bridge Acquisition, LLC Term Loan C, 7.250%, (US0001M + 5.000%), 08/05/28 | 11,764 | 0.0 |
Principal Amount† | | Borrower/Tranche Description (continued) | Fair Value | Percentage of Net Assets |
LOANS*: (continued) | |
| | Utilities: (continued) |
2,539,970 | | Nautilus Power, LLC Term Loan B, 5.250%, (US0001M + 4.250%), 05/16/24 | $ | 2,182,560 | 0.4 |
493,763 | | Tiger Acquisition, LLC 2021 Term Loan, 3.750%, (US0003M + 3.250%), 06/01/28 | 491,470 | 0.1 |
| | | 4,445,371 | 0.8 |
| | | | |
| Total Loans | | |
| (Cost $505,868,203) | 503,759,753 | 92.1 |
| | | |
CORPORATE BONDS/NOTES: 3.3% | |
| | Basic Materials: 0.6% |
325,000 | # | Diamond BC BV, 4.625%, 10/01/29 | 322,883 | 0.0 |
1,000,000 | # | INEOS Quattro Finance 2 Plc, 3.375%, 01/15/26 | 1,004,825 | 0.2 |
2,000,000 | # | LSF11 A5 Holdco LLC, 6.625%, 10/15/29 | 1,972,810 | 0.4 |
| | | 3,300,518 | 0.6 |
| | | | |
| | Communications: 0.5% |
500,000 | # | DISH DBS Corp., 5.250%, 12/01/26 | 508,830 | 0.1 |
500,000 | # | DISH DBS Corp., 5.750%, 12/01/28 | 505,938 | 0.1 |
1,000,000 | # | Gray Escrow II, Inc., 5.375%, 11/15/31 | 1,030,545 | 0.2 |
835,000 | # | Match Group Holdings II LLC, 3.625%, 10/01/31 | 812,225 | 0.1 |
| | | 2,857,538 | 0.5 |
| | | | |
| | Consumer, Cyclical: 0.9% |
965,000 | # | Gap, Inc./The, 3.875%, 10/01/31 | 953,314 | 0.2 |
1,000,000 | # | LGI Homes, Inc, 4.000%, 07/15/29 | 997,725 | 0.2 |
1,000,000 | # | Sonic Automotive, Inc., 4.625%, 11/15/29 | 1,011,195 | 0.2 |
835,000 | # | Tempur Sealy International, Inc., 3.875%, 10/15/31 | 837,877 | 0.1 |
1,000,000 | # | Wabash National Corp., 4.500%, 10/15/28 | 1,011,250 | 0.2 |
| | | 4,811,361 | 0.9 |
| | | | |
| | Consumer, Non-cyclical: 0.4% |
1,000,000 | # | ACCO Brands Corp., 4.250%, 03/15/29 | 994,015 | 0.2 |
500,000 | # | ADT Security Corp./The, 4.125%, 08/01/29 | 493,402 | 0.1 |
715,000 | # | Mozart Debt Merger Sub, Inc., 5.250%, 10/01/29 | 726,240 | 0.1 |
| | | 2,213,657 | 0.4 |
| | | | |
| | Energy: 0.3% |
1,000,000 | # | Hess Midstream Operations L.P., 4.250%, 02/15/30 | 994,205 | 0.1 |
1,000,000 | # | SunCoke Energy, Inc., 4.875%, 06/30/29 | 996,505 | 0.2 |
| | | 1,990,710 | 0.3 |
| | | | |
| | Financial: 0.2% |
1,000,000 | # | PRA Group, Inc., 5.000%, 10/01/29 | 1,004,010 | 0.2 |
| | | | |
| | Industrial: 0.2% |
500,000 | # | GFL Environmental, Inc., 4.000%, 08/01/28 | 490,847 | 0.1 |
425,000 | # | Vertiv Group Corp., 4.125%, 11/15/28 | 429,979 | 0.1 |
| | | 920,826 | 0.2 |
| | | | |
| | Technology: 0.2% |
1,000,000 | # | OpenText Corp., 3.875%, 12/01/29 | 1,014,160 | 0.2 |
| | | | |
| Total Corporate Bonds/Notes | | |
| (Cost $17,997,278) | 18,112,780 | 3.3 |
| | | |
Shares | | | Value | Percentage of Net Assets |
EQUITIES AND OTHER ASSETS: 0.8% |
408,271 | (6) | 24 Hour Fitness Worldwide, Inc. | 408,271 | 0.1 |
544,388 | (6) | 24 Hour Fitness Worldwide, Inc. - Preferred | 1,020,727 | 0.2 |
50,201 | (6) | Cineworld Group PLC | 22,084 | 0.0 |
132,618 | (6) | Covia Specialty Minerals, Inc. | 1,491,953 | 0.3 |
69,381 | (6) | Cumulus Media, Inc. Class-A | 780,536 | 0.1 |
7,543 | (6) | Harvey Gulf International Marine LLC | 28,286 | 0.0 |
4,783 | (6) | Harvey Gulf International Marine LLC - Warrants | 17,936 | 0.0 |
7,471 | (6) | iQor | 54,785 | 0.0 |
102,480 | (6) | Longview Power LLC | 281,820 | 0.1 |
11,573 | (6) | Mens Wearhouse, Inc. | 13,980 | 0.0 |
6,829 | (6) | Riverbed Technology, Inc. | 129,751 | 0.0 |
88,701 | (6),(7) | Save-A-Lot, Inc. / Moran Foods | – | 0.0 |
42,856 | (6) | The Oneida Group (formerly EveryWare Global, Inc.) | 429 | 0.0 |
| Total Equities and Other Assets | | |
| (Cost $4,866,746) | 4,250,558 | 0.8 |
| | | |
| Total Long-Term Investments | | |
| (Cost $528,732,227) | 526,123,091 | 96.2 |
| | | |
* | Loans, while exempt from registration under the Securities Act of 1933, as amended, contain certain restrictions on resale and cannot be sold publicly. These loans bear interest (unless otherwise noted) at rates that float periodically at a margin above the London Inter-Bank Offered Rate (“LIBOR”) and other short-term rates. |
† | Unless otherwise indicated, principal amount is shown in USD. |
# | Securities with purchases pursuant to Rule 144A or section 4(2), under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers. |
(1) | All or a portion of this holding is subject to unfunded loan commitments. |
(2) | Defaulted loan. Currently, the borrower is partially or fully in default with respect to principal and/or interest payments. |
(3) | The borrower has filed for protection in federal bankruptcy court. |
(4) | Senior Loan is on non-accrual status at December 31, 2021. |
(5) | All or a portion of this Loan is payment-in-kind ("PIK") which may pay interest or additional principal at the issuer's discretion. Rates shown are the current rate and possible payment rates. |
(6) | Non-income producing security. |
(7) | For fair value measurement disclosure purposes, security is categorized as Level 3, whose value was determined using significant unobservable inputs. |
(8) | Rate shown is the 7-day yield as of December 31, 2021. |
At December 31, 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: