Principal Amount† | | | Value | Percentage of Net Assets |
CORPORATE BONDS/NOTES: 92.4% | |
| | Basic Materials: 6.4% |
550,000 | (1) | ASP Unifrax Holdings, Inc., 5.250%, 09/30/2028 | $ | 439,890 | 0.1 |
1,325,000 | (1),(2) | ASP Unifrax Holdings, Inc., 7.500%, 09/30/2029 | 922,165 | 0.2 |
1,325,000 | (1),(2) | Cleveland-Cliffs, Inc., 4.625%, 03/01/2029 | 1,171,578 | 0.2 |
1,000,000 | (1),(2) | Cleveland-Cliffs, Inc., 4.875%, 03/01/2031 | 883,854 | 0.2 |
1,650,000 | (1),(2) | Coeur Mining, Inc., 5.125%, 02/15/2029 | 1,145,576 | 0.2 |
1,300,000 | (1) | Compass Minerals International, Inc., 6.750%, 12/01/2027 | 1,177,846 | 0.2 |
1,600,000 | (1) | Consolidated Energy Finance S.A., 5.625%, 10/15/2028 | 1,289,341 | 0.2 |
1,500,000 | (1) | Constellium SE, 5.625%, 06/15/2028 | 1,344,183 | 0.2 |
1,000,000 | (1) | First Quantum Minerals Ltd., 6.875%, 10/15/2027 | 895,780 | 0.2 |
2,725,000 | (1),(2) | Hudbay Minerals, Inc., 4.500%, 04/01/2026 | 2,284,286 | 0.4 |
1,725,000 | (1) | Illuminate Buyer LLC / Illuminate Holdings IV, Inc., 9.000%, 07/01/2028 | 1,365,001 | 0.2 |
2,275,000 | (1) | INEOS Quattro Finance 2 Plc, 3.375%, 01/15/2026 | 1,914,390 | 0.4 |
2,150,000 | (1),(3) | Iris Holdings, Inc., 8.750% (PIK Rate 9.500%, Cash Rate 8.750%), 02/15/2026 | 1,723,343 | 0.3 |
1,850,000 | (1),(2) | LSF11 A5 Holdco LLC, 6.625%, 10/15/2029 | 1,561,197 | 0.3 |
1,490,000 | (1) | Mineral Resources Ltd., 8.000%, 11/01/2027 | 1,456,475 | 0.3 |
1,900,000 | (1) | Novelis Corp., 3.875%, 08/15/2031 | 1,466,515 | 0.3 |
475,000 | (1) | Novelis Corp., 4.750%, 01/30/2030 | 395,718 | 0.1 |
1,675,000 | (1) | Nufarm Australia Ltd. / Nufarm Americas, Inc., 5.000%, 01/27/2030 | 1,419,144 | 0.3 |
2,050,000 | (2) | Olin Corp., 5.000%, 02/01/2030 | 1,774,080 | 0.3 |
975,000 | | Olin Corp., 5.125%, 09/15/2027 | 897,985 | 0.2 |
1,800,000 | (1) | Olympus Water US Holding Corp., 6.250%, 10/01/2029 | 1,253,250 | 0.2 |
2,150,000 | (1) | Schweitzer-Mauduit International, Inc., 6.875%, 10/01/2026 | 1,916,349 | 0.4 |
1,925,000 | (1) | Taseko Mines Ltd., 7.000%, 02/15/2026 | 1,641,304 | 0.3 |
1,690,000 | (1) | Trinseo Materials Operating SCA / Trinseo Materials Finance, Inc., 5.125%, 04/01/2029 | 1,211,079 | 0.2 |
2,050,000 | (1),(2) | Tronox, Inc., 4.625%, 03/15/2029 | 1,652,802 | 0.3 |
1,725,000 | (1) | Vibrantz Technologies, Inc., 9.000%, 02/15/2030 | 1,218,444 | 0.2 |
| | | 34,421,575 | 6.4 |
| | | | |
| | Communications: 15.2% |
1,750,000 | (1) | Acuris Finance US, Inc. / Acuris Finance SARL, 5.000%, 05/01/2028 | 1,455,702 | 0.3 |
2,200,000 | (1),(2) | Altice France Holding SA, 6.000%, 02/15/2028 | 1,565,641 | 0.3 |
2,350,000 | (1) | Altice France SA/France, 5.500%, 10/15/2029 | 1,802,415 | 0.3 |
1,000,000 | (1) | Altice France SA/France, 8.125%, 02/01/2027 | 922,150 | 0.2 |
2,075,000 | (2) | AMC Networks, Inc., 4.250%, 02/15/2029 | 1,687,525 | 0.3 |
2,050,000 | (1),(2) | Audacy Capital Corp., 6.500%, 05/01/2027 | 1,222,580 | 0.2 |
2,225,000 | (1) | Beasley Mezzanine Holdings LLC, 8.625%, 02/01/2026 | 1,672,143 | 0.3 |
2,015,000 | (1) | CCO Holdings LLC / CCO Holdings Capital Corp., 4.250%, 01/15/2034 | 1,563,590 | 0.3 |
2,700,000 | | CCO Holdings LLC / CCO Holdings Capital Corp., 4.500%, 05/01/2032 | 2,195,329 | 0.4 |
1,475,000 | (1),(2) | CCO Holdings LLC / CCO Holdings Capital Corp., 5.000%, 02/01/2028 | 1,366,079 | 0.3 |
2,375,000 | (1) | CCO Holdings LLC / CCO Holdings Capital Corp., 5.125%, 05/01/2027 | 2,249,101 | 0.4 |
1,300,000 | (1) | Clear Channel Outdoor Holdings, Inc., 7.500%, 06/01/2029 | 938,639 | 0.2 |
1,125,000 | (1) | Clear Channel Outdoor Holdings, Inc., 7.750%, 04/15/2028 | 821,413 | 0.2 |
750,000 | (1),(2) | CommScope Tech Finance LLC, 6.000%, 06/15/2025 | 650,201 | 0.1 |
475,000 | (1) | CommScope Technologies LLC, 5.000%, 03/15/2027 | 351,817 | 0.1 |
950,000 | (1),(2) | CommScope, Inc., 4.750%, 09/01/2029 | 769,025 | 0.1 |
1,725,000 | (1) | CommScope, Inc., 7.125%, 07/01/2028 | 1,313,587 | 0.2 |
2,775,000 | (1) | Connect Finco SARL / Connect US Finco LLC, 6.750%, 10/01/2026 | 2,503,064 | 0.5 |
2,225,000 | (1) | CSC Holdings LLC, 4.625%, 12/01/2030 | 1,494,699 | 0.3 |
800,000 | | CSC Holdings LLC, 5.250%, 06/01/2024 | 749,192 | 0.1 |
3,800,000 | (1) | CSC Holdings LLC, 5.750%, 01/15/2030 | 2,774,874 | 0.5 |
575,000 | (1),(2) | CSC Holdings LLC, 7.500%, 04/01/2028 | 481,643 | 0.1 |
3,300,000 | (1) | DIRECTV Holdings LLC / DIRECTV Financing Co., Inc., 5.875%, 08/15/2027 | 2,825,806 | 0.5 |
2,125,000 | | DISH DBS Corp., 5.125%, 06/01/2029 | 1,297,950 | 0.2 |
700,000 | (1) | DISH DBS Corp., 5.250%, 12/01/2026 | 550,000 | 0.1 |
1,050,000 | (1) | DISH DBS Corp., 5.750%, 12/01/2028 | 779,399 | 0.2 |
1,075,000 | | DISH DBS Corp., 7.375%, 07/01/2028 | 734,037 | 0.1 |
Principal Amount† | | | Value | Percentage of Net Assets |
CORPORATE BONDS/NOTES: (continued) | |
| | Communications: (continued) |
1,500,000 | | Embarq Corp., 7.995%, 06/01/2036 | $ | 1,129,777 | 0.2 |
825,000 | (1) | GCI LLC, 4.750%, 10/15/2028 | 716,004 | 0.1 |
2,125,000 | (1),(2) | Gray Escrow II, Inc., 5.375%, 11/15/2031 | 1,707,236 | 0.3 |
605,000 | (2) | Hughes Satellite Systems Corp., 6.625%, 08/01/2026 | 538,051 | 0.1 |
725,000 | (1),(2) | iHeartCommunications, Inc., 5.250%, 08/15/2027 | 621,543 | 0.1 |
2,225,000 | (2) | iHeartCommunications, Inc., 8.375%, 05/01/2027 | 1,772,924 | 0.3 |
1,600,000 | (1) | ION Trading Technologies Sarl, 5.750%, 05/15/2028 | 1,281,672 | 0.2 |
1,175,000 | (1) | LCPR Senior Secured Financing DAC, 5.125%, 07/15/2029 | 983,363 | 0.2 |
1,775,000 | (1) | LCPR Senior Secured Financing DAC, 6.750%, 10/15/2027 | 1,660,486 | 0.3 |
525,000 | | Lumen Technologies, Inc., 5.625%, 04/01/2025 | 498,750 | 0.1 |
1,850,000 | (1) | McGraw-Hill Education, Inc., 8.000%, 08/01/2029 | 1,501,599 | 0.3 |
1,900,000 | (1) | Millennium Escrow Corp., 6.625%, 08/01/2026 | 1,536,459 | 0.3 |
965,000 | | Netflix, Inc., 5.875%, 11/15/2028 | 945,903 | 0.2 |
1,300,000 | (4) | Paramount Global, 6.250%, 02/28/2057 | 1,139,944 | 0.2 |
2,375,000 | (1),(2) | Radiate Holdco LLC / Radiate Finance, Inc., 6.500%, 09/15/2028 | 1,842,240 | 0.3 |
550,000 | (1),(2) | Scripps Escrow II, Inc., 5.375%, 01/15/2031 | 439,326 | 0.1 |
1,650,000 | (1),(2) | Scripps Escrow, Inc., 5.875%, 07/15/2027 | 1,446,613 | 0.3 |
800,000 | (1) | Sinclair Television Group, Inc., 4.125%, 12/01/2030 | 635,600 | 0.1 |
1,050,000 | (1) | Sinclair Television Group, Inc., 5.500%, 03/01/2030 | 774,474 | 0.1 |
1,325,000 | (1) | Sirius XM Radio, Inc., 5.000%, 08/01/2027 | 1,232,058 | 0.2 |
1,925,000 | (1) | Spanish Broadcasting System, Inc., 9.750%, 03/01/2026 | 1,530,876 | 0.3 |
3,200,000 | | Sprint Corp., 7.125%, 06/15/2024 | 3,293,920 | 0.6 |
940,000 | | Sprint Corp., 7.625%, 03/01/2026 | 992,468 | 0.2 |
1,800,000 | (1) | Stagwell Global LLC, 5.625%, 08/15/2029 | 1,451,385 | 0.3 |
1,000,000 | | Telecom Italia Capital SA, 6.000%, 09/30/2034 | 757,135 | 0.1 |
1,150,000 | | Telecom Italia Capital SA, 6.375%, 11/15/2033 | 891,336 | 0.2 |
725,000 | (1),(2) | Univision Communications, Inc., 4.500%, 05/01/2029 | 609,115 | 0.1 |
2,950,000 | (1) | Univision Communications, Inc., 6.625%, 06/01/2027 | 2,814,300 | 0.5 |
1,500,000 | (1) | Urban One, Inc., 7.375%, 02/01/2028 | 1,286,385 | 0.2 |
1,725,000 | (1) | ViaSat, Inc., 5.625%, 09/15/2025 | 1,397,542 | 0.3 |
400,000 | (1) | ViaSat, Inc., 5.625%, 04/15/2027 | 346,611 | 0.1 |
725,000 | (1) | ViaSat, Inc., 6.500%, 07/15/2028 | 500,304 | 0.1 |
1,575,000 | (1) | Viavi Solutions, Inc., 3.750%, 10/01/2029 | 1,321,954 | 0.3 |
2,650,000 | (1) | Virgin Media Vendor Financing Notes IV DAC, 5.000%, 07/15/2028 | 2,196,595 | 0.4 |
1,700,000 | (1) | Vmed O2 UK Financing I PLC, 4.750%, 07/15/2031 | 1,377,000 | 0.3 |
2,725,000 | (1) | Zayo Group Holdings, Inc., 6.125%, 03/01/2028 | 1,975,094 | 0.4 |
| | | 81,883,643 | 15.2 |
| | | | |
| | Consumer, Cyclical: 22.4% |
1,435,000 | (1) | 1011778 BC ULC / New Red Finance, Inc., 4.000%, 10/15/2030 | 1,156,230 | 0.2 |
2,200,000 | (1),(2) | Academy Ltd., 6.000%, 11/15/2027 | 2,013,979 | 0.4 |
2,025,000 | (1) | Adams Homes, Inc., 7.500%, 02/15/2025 | 1,886,358 | 0.4 |
2,125,000 | (1),(2) | Adient Global Holdings Ltd., 4.875%, 08/15/2026 | 1,868,119 | 0.3 |
2,475,000 | (1) | Affinity Gaming, 6.875%, 12/15/2027 | 2,082,143 | 0.4 |
525,000 | (1) | Allison Transmission, Inc., 3.750%, 01/30/2031 | 421,690 | 0.1 |
1,875,000 | (1) | Allison Transmission, Inc., 5.875%, 06/01/2029 | 1,747,322 | 0.3 |
1,144,549 | | American Airlines 2015-2 Class A Pass Through Trust, 4.000%, 03/22/2029 | 1,016,207 | 0.2 |
2,825,000 | (1) | American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.750%, 04/20/2029 | 2,421,505 | 0.5 |
1,775,000 | (1) | Arko Corp., 5.125%, 11/15/2029 | 1,347,025 | 0.3 |
1,075,000 | | Asbury Automotive Group, Inc., 4.500%, 03/01/2028 | 934,051 | 0.2 |
425,000 | (1),(2) | Asbury Automotive Group, Inc., 4.625%, 11/15/2029 | 351,764 | 0.1 |
1,025,000 | | Asbury Automotive Group, Inc., 4.750%, 03/01/2030 | 844,031 | 0.2 |
2,100,000 | | Bath & Body Works, Inc., 6.750%, 07/01/2036 | 1,683,769 | 0.3 |
308,000 | (1) | Bath & Body Works, Inc., 9.375%, 07/01/2025 | 312,945 | 0.1 |
425,000 | (1),(3) | BCPE Ulysses Intermediate, Inc., 7.750% (PIK Rate 8.500%, Cash Rate 7.750%), 04/01/2027 | 261,930 | 0.0 |
2,100,000 | (1),(2) | Caesars Entertainment, Inc., 4.625%, 10/15/2029 | 1,638,430 | 0.3 |
1,525,000 | (1) | Caesars Entertainment, Inc., 6.250%, 07/01/2025 | 1,474,850 | 0.3 |
725,000 | (1) | Carnival Corp., 6.000%, 05/01/2029 | 511,872 | 0.1 |
2,250,000 | (1) | Carnival Corp., 7.625%, 03/01/2026 | 1,747,969 | 0.3 |
800,000 | (1) | Carnival Corp., 9.875%, 08/01/2027 | 781,528 | 0.1 |
1,700,000 | (1) | CCM Merger, Inc., 6.375%, 05/01/2026 | 1,550,065 | 0.3 |
1,450,000 | (1),(2) | Century Communities, Inc., 3.875%, 08/15/2029 | 1,136,669 | 0.2 |
Principal Amount† | | | Value | Percentage of Net Assets |
CORPORATE BONDS/NOTES: (continued) | |
| | Consumer, Cyclical: (continued) |
1,550,000 | (1) | Cinemark USA, Inc., 8.750%, 05/01/2025 | $ | 1,567,826 | 0.3 |
1,350,000 | (1) | CROCS INC COMPANY GUAR 144A 08/31 4.125, 4.125%, 08/15/2031 | 957,536 | 0.2 |
455,000 | (2) | Delta Air Lines, Inc., 7.375%, 01/15/2026 | 455,498 | 0.1 |
2,575,000 | (1) | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc., 6.750%, 01/15/2030 | 1,983,728 | 0.4 |
1,500,000 | (1) | Foot Locker, Inc., 4.000%, 10/01/2029 | 1,137,570 | 0.2 |
2,165,000 | | Ford Motor Credit Co. LLC, 2.700%, 08/10/2026 | 1,847,611 | 0.3 |
300,000 | | Ford Motor Credit Co. LLC, 3.625%, 06/17/2031 | 233,472 | 0.0 |
1,570,000 | | Ford Motor Credit Co. LLC, 4.125%, 08/17/2027 | 1,386,914 | 0.3 |
1,760,000 | | Ford Motor Credit Co. LLC, 4.542%, 08/01/2026 | 1,613,587 | 0.3 |
1,430,000 | | Ford Motor Credit Co. LLC, 5.113%, 05/03/2029 | 1,285,004 | 0.2 |
1,850,000 | | Ford Motor Credit Co. LLC, 5.584%, 03/18/2024 | 1,844,228 | 0.3 |
1,775,000 | (1),(2) | Foundation Building Materials, Inc., 6.000%, 03/01/2029 | 1,302,939 | 0.2 |
1,725,000 | (1) | Gap, Inc./The, 3.875%, 10/01/2031 | 1,206,689 | 0.2 |
1,025,000 | (1) | Golden Entertainment, Inc., 7.625%, 04/15/2026 | 1,015,924 | 0.2 |
1,500,000 | (2) | Goodyear Tire & Rubber Co/The, 5.250%, 07/15/2031 | 1,208,002 | 0.2 |
1,775,000 | (1) | Installed Building Products, Inc., 5.750%, 02/01/2028 | 1,579,436 | 0.3 |
2,125,000 | (1) | Interface, Inc., 5.500%, 12/01/2028 | 1,803,044 | 0.3 |
2,678,000 | (1) | International Game Technology PLC, 5.250%, 01/15/2029 | 2,430,513 | 0.5 |
1,650,000 | (1) | LBM Acquisition LLC, 6.250%, 01/15/2029 | 1,064,810 | 0.2 |
2,000,000 | (1) | LCM Investments Holdings II LLC, 4.875%, 05/01/2029 | 1,527,970 | 0.3 |
1,685,000 | (1) | LGI Homes, Inc, 4.000%, 07/15/2029 | 1,260,262 | 0.2 |
1,775,000 | (1),(2) | Lindblad Expeditions LLC, 6.750%, 02/15/2027 | 1,524,645 | 0.3 |
1,950,000 | (1) | Lions Gate Capital Holdings LLC, 5.500%, 04/15/2029 | 1,526,684 | 0.3 |
550,000 | | M/I Homes, Inc., 3.950%, 02/15/2030 | 415,515 | 0.1 |
1,450,000 | | M/I Homes, Inc., 4.950%, 02/01/2028 | 1,234,551 | 0.2 |
705,000 | | Macy's Retail Holdings LLC, 4.500%, 12/15/2034 | 503,363 | 0.1 |
350,000 | (1) | Macy's Retail Holdings LLC, 5.875%, 03/15/2030 | 294,280 | 0.1 |
1,225,000 | (1) | Macy's Retail Holdings LLC, 6.125%, 03/15/2032 | 1,025,533 | 0.2 |
1,000,000 | | Mattel, Inc., 5.450%, 11/01/2041 | 879,697 | 0.2 |
2,125,000 | (1) | Melco Resorts Finance Ltd., 5.375%, 12/04/2029 | 1,285,699 | 0.2 |
2,150,000 | (1) | Meritor, Inc., 4.500%, 12/15/2028 | 2,073,096 | 0.4 |
275,000 | | MGM Resorts International, 5.500%, 04/15/2027 | 247,170 | 0.0 |
1,675,000 | (1) | Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp., 4.875%, 05/01/2029 | 1,367,864 | 0.3 |
1,425,000 | | Murphy Oil USA, Inc., 4.750%, 09/15/2029 | 1,285,215 | 0.2 |
350,000 | | Murphy Oil USA, Inc., 5.625%, 05/01/2027 | 343,570 | 0.1 |
1,370,000 | (1),(2) | NCL Corp. Ltd., 7.750%, 02/15/2029 | 1,048,598 | 0.2 |
1,150,000 | (1) | NCL Finance Ltd., 6.125%, 03/15/2028 | 838,218 | 0.2 |
1,350,000 | (1),(2) | Penn National Gaming, Inc., 4.125%, 07/01/2029 | 1,026,243 | 0.2 |
1,075,000 | (1),(2) | Penn National Gaming, Inc., 5.625%, 01/15/2027 | 944,624 | 0.2 |
2,675,000 | (1) | PetSmart, Inc. / PetSmart Finance Corp., 7.750%, 02/15/2029 | 2,414,870 | 0.4 |
1,300,000 | (1) | Picasso Finance Sub, Inc., 6.125%, 06/15/2025 | 1,269,489 | 0.2 |
2,075,000 | (1) | Real Hero Merger Sub 2, Inc., 6.250%, 02/01/2029 | 1,576,613 | 0.3 |
3,625,000 | (1) | Royal Caribbean Cruises Ltd., 5.375%, 07/15/2027 | 2,643,749 | 0.5 |
425,000 | (1) | Royal Caribbean Cruises Ltd., 9.125%, 06/15/2023 | 421,326 | 0.1 |
925,000 | (1) | Royal Caribbean Cruises Ltd., 11.500%, 06/01/2025 | 952,718 | 0.2 |
1,875,000 | (1),(2) | Scientific Games Holdings L.P./Scientific Games US FinCo, Inc., 6.625%, 03/01/2030 | 1,596,694 | 0.3 |
1,525,000 | (1),(2) | Scientific Games International, Inc., 7.000%, 05/15/2028 | 1,433,294 | 0.3 |
625,000 | (1) | Scientific Games International, Inc., 8.625%, 07/01/2025 | 641,612 | 0.1 |
1,750,000 | (1) | Shea Homes L.P. / Shea Homes Funding Corp., 4.750%, 04/01/2029 | 1,374,222 | 0.3 |
2,025,000 | (1) | Sizzling Platter LLC / Sizzling Platter Finance Corp., 8.500%, 11/28/2025 | 1,704,247 | 0.3 |
2,075,000 | (1),(2) | Sonic Automotive, Inc., 4.625%, 11/15/2029 | 1,610,522 | 0.3 |
2,375,000 | (1) | Specialty Building Products Holdings LLC / SBP Finance Corp., 6.375%, 09/30/2026 | 1,934,555 | 0.4 |
650,000 | (1) | SRS Distribution, Inc., 6.000%, 12/01/2029 | 511,283 | 0.1 |
1,625,000 | (1) | SRS Distribution, Inc., 6.125%, 07/01/2029 | 1,284,409 | 0.2 |
2,975,000 | (1),(2) | Staples, Inc., 10.750%, 04/15/2027 | 1,971,577 | 0.4 |
2,250,000 | (1),(2) | Station Casinos LLC, 4.500%, 02/15/2028 | 1,903,613 | 0.4 |
1,825,000 | (1) | STL Holding Co. LLC, 7.500%, 02/15/2026 | 1,596,875 | 0.3 |
1,725,000 | (1) | Taylor Morrison Communities, Inc., 5.125%, 08/01/2030 | 1,434,976 | 0.3 |
1,750,000 | (1) | Tempur Sealy International, Inc., 3.875%, 10/15/2031 | 1,316,473 | 0.2 |
Principal Amount† | | | Value | Percentage of Net Assets |
CORPORATE BONDS/NOTES: (continued) | |
| | Consumer, Cyclical: (continued) |
1,525,000 | (2) | United Airlines Holdings, Inc., 4.875%, 01/15/2025 | $ | 1,419,333 | 0.3 |
600,000 | (1),(2) | United Airlines, Inc., 4.375%, 04/15/2026 | 530,832 | 0.1 |
1,575,000 | (1) | United Airlines, Inc., 4.625%, 04/15/2029 | 1,341,420 | 0.2 |
230,000 | (1) | Univar Solutions USA, Inc./Washington, 5.125%, 12/01/2027 | 214,499 | 0.0 |
2,350,000 | (1) | Victoria's Secret & Co., 4.625%, 07/15/2029 | 1,773,968 | 0.3 |
2,350,000 | (1),(2) | Viking Cruises Ltd., 5.875%, 09/15/2027 | 1,758,840 | 0.3 |
750,000 | (1) | Viking Cruises Ltd., 13.000%, 05/15/2025 | 769,627 | 0.1 |
1,550,000 | (1) | Wheel Pros, Inc., 6.500%, 05/15/2029 | 1,097,470 | 0.2 |
1,550,000 | (1),(2) | White Cap Buyer LLC, 6.875%, 10/15/2028 | 1,242,139 | 0.2 |
700,000 | (1),(2),(3) | White Cap Parent LLC, 8.250% (PIK Rate 9.000%, Cash Rate 8.250%), 03/15/2026 | 583,832 | 0.1 |
1,350,000 | (1) | William Carter Co/The, 5.625%, 03/15/2027 | 1,266,577 | 0.2 |
725,000 | (1) | Williams Scotsman International, Inc., 4.625%, 08/15/2028 | 619,107 | 0.1 |
1,975,000 | (1),(2) | Wolverine World Wide, Inc., 4.000%, 08/15/2029 | 1,587,248 | 0.3 |
900,000 | (1),(2) | Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp., 5.250%, 05/15/2027 | 772,052 | 0.1 |
| | | 120,337,640 | 22.4 |
| | | | |
| | Consumer, Non-cyclical: 13.5% |
1,800,000 | (1) | Acadia Healthcare Co., Inc., 5.500%, 07/01/2028 | 1,684,493 | 0.3 |
1,850,000 | (1),(2) | ACCO Brands Corp., 4.250%, 03/15/2029 | 1,518,942 | 0.3 |
2,000,000 | (1),(2) | ADT Security Corp./The, 4.125%, 08/01/2029 | 1,628,760 | 0.3 |
1,450,000 | (1) | Albertsons Cos, Inc. / Safeway, Inc. / New Albertsons L.P. / Albertsons LLC, 3.500%, 03/15/2029 | 1,177,834 | 0.2 |
675,000 | (1),(2) | Albertsons Cos, Inc. / Safeway, Inc. / New Albertsons L.P. / Albertsons LLC, 4.875%, 02/15/2030 | 580,902 | 0.1 |
1,625,000 | (1),(2) | Albertsons Cos, Inc. / Safeway, Inc. / New Albertsons L.P. / Albertsons LLC, 5.875%, 02/15/2028 | 1,521,634 | 0.3 |
900,000 | (1) | Allied Universal Holdco LLC / Allied Universal Finance Corp., 6.000%, 06/01/2029 | 656,218 | 0.1 |
375,000 | (1) | Allied Universal Holdco LLC / Allied Universal Finance Corp., 6.625%, 07/15/2026 | 344,839 | 0.1 |
2,320,000 | (1) | Allied Universal Holdco LLC / Allied Universal Finance Corp., 9.750%, 07/15/2027 | 1,969,808 | 0.4 |
2,125,000 | (1) | Alta Equipment Group, Inc., 5.625%, 04/15/2026 | 1,823,346 | 0.3 |
1,500,000 | (1) | AMN Healthcare, Inc., 4.625%, 10/01/2027 | 1,377,697 | 0.3 |
950,000 | (1) | APi Escrow Corp., 4.750%, 10/15/2029 | 768,445 | 0.1 |
650,000 | (1) | APi Group DE, Inc., 4.125%, 07/15/2029 | 517,150 | 0.1 |
2,425,000 | (1),(2) | Bausch Health Americas, Inc., 8.500%, 01/31/2027 | 1,706,351 | 0.3 |
525,000 | (1) | Bausch Health Cos, Inc., 4.875%, 06/01/2028 | 411,925 | 0.1 |
1,850,000 | (1) | Bausch Health Cos, Inc., 5.250%, 01/30/2030 | 961,138 | 0.2 |
1,125,000 | (1) | Bausch Health Cos, Inc., 7.000%, 01/15/2028 | 645,362 | 0.1 |
1,550,000 | (1) | BellRing Brands, Inc., 7.000%, 03/15/2030 | 1,462,991 | 0.3 |
850,000 | (1) | Catalent Pharma Solutions, Inc., 5.000%, 07/15/2027 | 801,193 | 0.1 |
575,000 | | Centene Corp., 2.625%, 08/01/2031 | 458,654 | 0.1 |
2,130,000 | (2) | Centene Corp., 4.625%, 12/15/2029 | 1,992,477 | 0.4 |
1,775,000 | (1) | Cheplapharm Arzneimittel GmbH, 5.500%, 01/15/2028 | 1,485,228 | 0.3 |
500,000 | (1) | Chobani LLC / Chobani Finance Corp., Inc., 4.625%, 11/15/2028 | 423,187 | 0.1 |
1,450,000 | (1),(2) | Chobani LLC / Chobani Finance Corp., Inc., 7.500%, 04/15/2025 | 1,334,129 | 0.2 |
725,000 | (1) | CHS/Community Health Systems, Inc., 4.750%, 02/15/2031 | 532,783 | 0.1 |
450,000 | (1),(2) | CHS/Community Health Systems, Inc., 5.250%, 05/15/2030 | 342,774 | 0.1 |
1,075,000 | (1) | CHS/Community Health Systems, Inc., 5.625%, 03/15/2027 | 912,777 | 0.2 |
2,275,000 | (1),(2) | CHS/Community Health Systems, Inc., 6.875%, 04/15/2029 | 1,473,995 | 0.3 |
2,150,000 | (1) | CoreLogic, Inc., 4.500%, 05/01/2028 | 1,658,961 | 0.3 |
1,960,000 | (1) | CPI Acquisition, Inc., 8.625%, 03/15/2026 | 1,854,660 | 0.3 |
150,000 | (1) | Darling Ingredients, Inc., 6.000%, 06/15/2030 | 149,749 | 0.0 |
650,000 | (1) | DaVita, Inc., 3.750%, 02/15/2031 | 467,720 | 0.1 |
1,225,000 | (1) | DaVita, Inc., 4.625%, 06/01/2030 | 959,202 | 0.2 |
377,000 | (1) | Endo Dac / Endo Finance LLC / Endo Finco, Inc., 9.500%, 07/31/2027 | 78,232 | 0.0 |
1,400,000 | (1) | Graham Holdings Co., 5.750%, 06/01/2026 | 1,389,437 | 0.3 |
1,125,000 | (1) | Jazz Securities DAC, 4.375%, 01/15/2029 | 1,002,883 | 0.2 |
1,700,000 | (1) | KeHE Distributors LLC / KeHE Finance Corp., 8.625%, 10/15/2026 | 1,703,517 | 0.3 |
1,100,000 | (1) | Legacy LifePoint Health LLC, 4.375%, 02/15/2027 | 943,926 | 0.2 |
Principal Amount† | | | Value | Percentage of Net Assets |
CORPORATE BONDS/NOTES: (continued) | |
| | Consumer, Non-cyclical: (continued) |
550,000 | (1) | LifePoint Health, Inc., 5.375%, 01/15/2029 | $ | 405,006 | 0.1 |
1,525,000 | (1) | Medline Borrower L.P., 3.875%, 04/01/2029 | 1,304,058 | 0.2 |
1,425,000 | (1),(2) | Mozart Debt Merger Sub, Inc., 5.250%, 10/01/2029 | 1,174,798 | 0.2 |
1,350,000 | (1),(2) | MPH Acquisition Holdings LLC, 5.750%, 11/01/2028 | 1,121,452 | 0.2 |
1,900,000 | (1) | NESCO Holdings II, Inc., 5.500%, 04/15/2029 | 1,596,817 | 0.3 |
1,450,000 | | New Albertsons L.P., 7.450%, 08/01/2029 | 1,436,392 | 0.3 |
975,000 | (1) | Nielsen Finance LLC / Nielsen Finance Co., 4.750%, 07/15/2031 | 878,394 | 0.2 |
1,525,000 | (1) | Nielsen Finance LLC / Nielsen Finance Co., 5.875%, 10/01/2030 | 1,403,000 | 0.3 |
1,850,000 | (1) | Organon & Co. / Organon Foreign Debt Co-Issuer BV, 5.125%, 04/30/2031 | 1,602,970 | 0.3 |
1,078,000 | (1) | Par Pharmaceutical, Inc., 7.500%, 04/01/2027 | 822,676 | 0.1 |
1,675,000 | (1) | PECF USS Intermediate Holding III Corp., 8.000%, 11/15/2029 | 1,329,783 | 0.2 |
975,000 | (1) | Post Holdings, Inc., 4.625%, 04/15/2030 | 824,324 | 0.2 |
1,950,000 | (1),(2) | Post Holdings, Inc., 5.625%, 01/15/2028 | 1,855,142 | 0.3 |
2,150,000 | (1) | Primo Water Holdings, Inc., 4.375%, 04/30/2029 | 1,759,485 | 0.3 |
2,125,000 | (1),(2) | Select Medical Corp., 6.250%, 08/15/2026 | 1,987,895 | 0.4 |
2,175,000 | (1) | Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed, 4.625%, 03/01/2029 | 1,842,323 | 0.3 |
775,000 | (1) | Spectrum Brands, Inc., 3.875%, 03/15/2031 | 625,735 | 0.1 |
850,000 | (1) | Spectrum Brands, Inc., 5.500%, 07/15/2030 | 766,422 | 0.1 |
850,000 | (1) | Tenet Healthcare Corp., 4.250%, 06/01/2029 | 718,403 | 0.1 |
2,525,000 | (1) | Tenet Healthcare Corp., 6.125%, 10/01/2028 | 2,168,647 | 0.4 |
1,840,000 | (1) | Tenet Healthcare Corp., 6.125%, 06/15/2030 | 1,703,030 | 0.3 |
1,875,000 | (1),(2) | Triton Water Holdings, Inc., 6.250%, 04/01/2029 | 1,334,363 | 0.2 |
1,500,000 | (1),(2) | United Natural Foods, Inc., 6.750%, 10/15/2028 | 1,403,912 | 0.3 |
455,000 | | United Rentals North America, Inc., 3.750%, 01/15/2032 | 374,529 | 0.1 |
1,035,000 | | United Rentals North America, Inc., 4.875%, 01/15/2028 | 980,854 | 0.2 |
315,000 | | United Rentals North America, Inc., 5.250%, 01/15/2030 | 292,720 | 0.1 |
| | | 72,436,449 | 13.5 |
| | | | |
| | Energy: 15.5% |
2,660,000 | (1) | Aethon United BR L.P. / Aethon United Finance Corp., 8.250%, 02/15/2026 | 2,589,177 | 0.5 |
1,075,000 | (1),(2) | Antero Midstream Partners L.P. / Antero Midstream Finance Corp., 5.375%, 06/15/2029 | 964,759 | 0.2 |
1,350,000 | (1) | Antero Midstream Partners L.P. / Antero Midstream Finance Corp., 5.750%, 03/01/2027 | 1,257,768 | 0.2 |
1,675,000 | (1),(2) | Antero Resources Corp., 5.375%, 03/01/2030 | 1,529,945 | 0.3 |
450,000 | (1) | Antero Resources Corp., 7.625%, 02/01/2029 | 458,532 | 0.1 |
1,125,000 | | Apache Corp., 5.100%, 09/01/2040 | 953,190 | 0.2 |
965,000 | | Apache Corp., 5.250%, 02/01/2042 | 809,058 | 0.2 |
1,975,000 | (1) | Archrock Partners L.P. / Archrock Partners Finance Corp., 6.250%, 04/01/2028 | 1,751,548 | 0.3 |
725,000 | (1) | Archrock Partners L.P. / Archrock Partners Finance Corp., 6.875%, 04/01/2027 | 662,019 | 0.1 |
1,925,000 | (1) | Ascent Resources Utica Holdings LLC / ARU Finance Corp., 5.875%, 06/30/2029 | 1,696,724 | 0.3 |
1,900,000 | (1) | Atlantica Sustainable Infrastructure PLC, 4.125%, 06/15/2028 | 1,658,104 | 0.3 |
1,600,000 | (1) | Baytex Energy Corp., 8.750%, 04/01/2027 | 1,606,736 | 0.3 |
2,175,000 | (1) | Chesapeake Energy Corp., 6.750%, 04/15/2029 | 2,109,750 | 0.4 |
725,000 | (1) | CNX Midstream Partners L.P., 4.750%, 04/15/2030 | 609,921 | 0.1 |
2,000,000 | (1) | Colgate Energy Partners III LLC, 5.875%, 07/01/2029 | 1,755,230 | 0.3 |
2,125,000 | (1),(2) | Comstock Resources, Inc., 5.875%, 01/15/2030 | 1,833,312 | 0.3 |
2,475,000 | (1) | Crescent Energy Finance LLC, 7.250%, 05/01/2026 | 2,256,841 | 0.4 |
2,450,000 | (1),(2) | Crestwood Midstream Partners L.P. / Crestwood Midstream Finance Corp., 6.000%, 02/01/2029 | 2,142,145 | 0.4 |
1,100,000 | | DCP Midstream Operating L.P., 5.125%, 05/15/2029 | 992,106 | 0.2 |
650,000 | | DCP Midstream Operating L.P., 5.375%, 07/15/2025 | 633,236 | 0.1 |
200,000 | | DCP Midstream Operating L.P., 5.600%, 04/01/2044 | 162,000 | 0.0 |
1,550,000 | | DCP Midstream Operating L.P., 5.625%, 07/15/2027 | 1,481,389 | 0.3 |
1,340,000 | | Delek Logistics Partners L.P. / Delek Logistics Finance Corp., 6.750%, 05/15/2025 | 1,251,319 | 0.2 |
1,295,000 | (1) | Delek Logistics Partners L.P. / Delek Logistics Finance Corp., 7.125%, 06/01/2028 | 1,167,863 | 0.2 |
750,000 | (1) | DT Midstream, Inc., 4.125%, 06/15/2029 | 637,796 | 0.1 |
1,425,000 | (1) | DT Midstream, Inc., 4.375%, 06/15/2031 | 1,197,741 | 0.2 |
1,800,000 | (1) | Earthstone Energy Holdings LLC, 8.000%, 04/15/2027 | 1,705,779 | 0.3 |
Principal Amount† | | | Value | Percentage of Net Assets |
CORPORATE BONDS/NOTES: (continued) | |
| | Energy: (continued) |
1,875,000 | (1) | Encino Acquisition Partners Holdings LLC, 8.500%, 05/01/2028 | $ | 1,774,512 | 0.3 |
2,925,000 | (2) | EnLink Midstream LLC, 5.375%, 06/01/2029 | 2,564,605 | 0.5 |
1,875,000 | (1) | Enviva Partners L.P. / Enviva Partners Finance Corp., 6.500%, 01/15/2026 | 1,814,091 | 0.3 |
675,000 | | EQM Midstream Partners L.P., 5.500%, 07/15/2028 | 584,048 | 0.1 |
294,000 | (1) | EQM Midstream Partners L.P., 6.000%, 07/01/2025 | 282,406 | 0.1 |
1,200,000 | (1) | Hess Midstream Operations L.P., 4.250%, 02/15/2030 | 1,007,220 | 0.2 |
1,075,000 | (1),(2) | Hess Midstream Operations L.P., 5.125%, 06/15/2028 | 966,855 | 0.2 |
445,000 | (1) | Hess Midstream Operations L.P., 5.500%, 10/15/2030 | 400,140 | 0.1 |
975,000 | (1) | Hilcorp Energy I L.P. / Hilcorp Finance Co., 5.750%, 02/01/2029 | 857,892 | 0.2 |
1,350,000 | (1) | Hilcorp Energy I L.P. / Hilcorp Finance Co., 6.000%, 04/15/2030 | 1,177,875 | 0.2 |
1,125,000 | (1) | Hilcorp Energy I L.P. / Hilcorp Finance Co., 6.000%, 02/01/2031 | 971,719 | 0.2 |
2,075,000 | (1) | Howard Midstream Energy Partners LLC, 6.750%, 01/15/2027 | 1,790,857 | 0.3 |
2,295,000 | (1) | Kinetik Holdings L.P., 5.875%, 06/15/2030 | 2,190,302 | 0.4 |
2,775,000 | (1),(2) | Moss Creek Resources Holdings, Inc., 7.500%, 01/15/2026 | 2,486,816 | 0.5 |
1,350,000 | (2) | Murphy Oil Corp., 5.875%, 12/01/2027 | 1,262,372 | 0.2 |
1,775,000 | | Murphy Oil Corp., 6.375%, 07/15/2028 | 1,658,631 | 0.3 |
1,750,000 | (1) | Nabors Industries Ltd., 7.500%, 01/15/2028 | 1,507,249 | 0.3 |
800,000 | | Nabors Industries, Inc., 5.100%, 09/15/2023 | 803,113 | 0.2 |
675,000 | (1) | Nabors Industries, Inc., 7.375%, 05/15/2027 | 642,097 | 0.1 |
1,800,000 | (1) | Oasis Petroleum, Inc., 6.375%, 06/01/2026 | 1,667,682 | 0.3 |
1,000,000 | | Occidental Petroleum Corp., 4.625%, 06/15/2045 | 823,730 | 0.2 |
2,425,000 | | Occidental Petroleum Corp., 5.500%, 12/01/2025 | 2,392,578 | 0.5 |
3,350,000 | (2) | Occidental Petroleum Corp., 6.625%, 09/01/2030 | 3,456,597 | 0.6 |
1,525,000 | | Occidental Petroleum Corp., 8.500%, 07/15/2027 | 1,680,680 | 0.3 |
1,950,000 | (1) | Strathcona Resources Ltd., 6.875%, 08/01/2026 | 1,777,220 | 0.3 |
1,850,000 | (1) | SunCoke Energy, Inc., 4.875%, 06/30/2029 | 1,480,802 | 0.3 |
625,000 | | Sunoco L.P. / Sunoco Finance Corp., 4.500%, 05/15/2029 | 516,387 | 0.1 |
1,625,000 | (1) | Sunoco L.P. / Sunoco Finance Corp., 4.500%, 04/30/2030 | 1,314,923 | 0.2 |
800,000 | (1) | Tallgrass Energy Partners L.P. / Tallgrass Energy Finance Corp., 5.500%, 01/15/2028 | 681,264 | 0.1 |
1,050,000 | (1) | Tallgrass Energy Partners L.P. / Tallgrass Energy Finance Corp., 7.500%, 10/01/2025 | 1,017,995 | 0.2 |
1,500,000 | (1) | Transocean Poseidon Ltd., 6.875%, 02/01/2027 | 1,321,958 | 0.3 |
1,075,000 | (1) | Transocean, Inc., 7.500%, 01/15/2026 | 770,098 | 0.1 |
2,350,000 | (1),(2) | Weatherford International Ltd., 8.625%, 04/30/2030 | 1,954,580 | 0.4 |
2,375,000 | | Western Midstream Operating L.P., 5.450%, 04/01/2044 | 1,978,541 | 0.4 |
| | | 83,451,823 | 15.5 |
| | | | |
| | Financial: 6.9% |
1,225,000 | | Ally Financial, Inc., 5.750%, 11/20/2025 | 1,208,816 | 0.2 |
1,650,000 | (1) | AmWINS Group, Inc., 4.875%, 06/30/2029 | 1,353,302 | 0.3 |
1,600,000 | (1) | Aretec Escrow Issuer, Inc., 7.500%, 04/01/2029 | 1,366,089 | 0.3 |
1,975,000 | (1) | AssuredPartners, Inc., 5.625%, 01/15/2029 | 1,583,775 | 0.3 |
2,125,000 | (1) | BroadStreet Partners, Inc., 5.875%, 04/15/2029 | 1,666,062 | 0.3 |
1,600,000 | (1) | Burford Capital Global Finance LLC, 6.875%, 04/15/2030 | 1,408,657 | 0.3 |
2,150,000 | (1) | Cushman & Wakefield US Borrower LLC, 6.750%, 05/15/2028 | 2,000,693 | 0.4 |
750,000 | (1),(2) | Freedom Mortgage Corp., 6.625%, 01/15/2027 | 556,858 | 0.1 |
950,000 | (1),(2) | Freedom Mortgage Corp., 7.625%, 05/01/2026 | 742,275 | 0.1 |
1,375,000 | (1) | Freedom Mortgage Corp., 8.250%, 04/15/2025 | 1,159,250 | 0.2 |
2,050,000 | (1) | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp., 4.750%, 06/15/2029 | 1,580,915 | 0.3 |
875,000 | (1) | Midcap Financial Issuer Trust, 5.625%, 01/15/2030 | 684,141 | 0.1 |
1,550,000 | (1) | Midcap Financial Issuer Trust, 6.500%, 05/01/2028 | 1,337,441 | 0.2 |
1,465,000 | (2) | MPT Operating Partnership L.P. / MPT Finance Corp., 5.000%, 10/15/2027 | 1,342,980 | 0.2 |
2,000,000 | (1),(2) | Nationstar Mortgage Holdings, Inc., 5.125%, 12/15/2030 | 1,497,530 | 0.3 |
2,200,000 | (2) | Navient Corp., 4.875%, 03/15/2028 | 1,722,732 | 0.3 |
1,175,000 | (2) | Navient Corp., 5.000%, 03/15/2027 | 968,171 | 0.2 |
425,000 | | Navient Corp., 7.250%, 09/25/2023 | 421,226 | 0.1 |
1,025,000 | (2) | OneMain Finance Corp., 4.000%, 09/15/2030 | 761,175 | 0.1 |
2,600,000 | (2) | OneMain Finance Corp., 5.375%, 11/15/2029 | 2,111,811 | 0.4 |
Principal Amount† | | | Value | Percentage of Net Assets |
CORPORATE BONDS/NOTES: (continued) | |
| | Financial: (continued) |
1,800,000 | (1)�� | PRA Group, Inc., 5.000%, 10/01/2029 | $ | 1,494,035 | 0.3 |
750,000 | (1) | Realogy Group LLC / Realogy Co-Issuer Corp., 5.250%, 04/15/2030 | 556,991 | 0.1 |
1,985,000 | (1),(2) | Realogy Group LLC / Realogy Co-Issuer Corp., 5.750%, 01/15/2029 | 1,508,600 | 0.3 |
1,700,000 | (1),(2) | RLJ Lodging Trust L.P., 4.000%, 09/15/2029 | 1,399,452 | 0.3 |
2,450,000 | (1) | United Wholesale Mortgage LLC, 5.750%, 06/15/2027 | 1,968,183 | 0.4 |
875,000 | (1) | Uniti Group L.P. / Uniti Fiber Holdings, Inc. / CSL Capital LLC, 6.000%, 01/15/2030 | 606,489 | 0.1 |
1,425,000 | (1) | Uniti Group L.P. / Uniti Group Finance, Inc. / CSL Capital LLC, 6.500%, 02/15/2029 | 1,048,002 | 0.2 |
1,625,000 | (1),(2) | VistaJet Malta Finance PLC / XO Management Holding, Inc., 6.375%, 02/01/2030 | 1,304,290 | 0.2 |
1,775,000 | (1) | XHR L.P., 4.875%, 06/01/2029 | 1,525,386 | 0.3 |
| | | 36,885,327 | 6.9 |
| | | | |
| | Industrial: 8.6% |
2,200,000 | (1),(3) | ARD Finance SA, 6.500% (PIK Rate 7.250%, Cash Rate 6.500%), 06/30/2027 | 1,635,436 | 0.3 |
1,925,000 | (1) | Brundage-Bone Concrete Pumping Holdings, Inc., 6.000%, 02/01/2026 | 1,632,822 | 0.3 |
1,500,000 | (1) | Builders FirstSource, Inc., 5.000%, 03/01/2030 | 1,273,087 | 0.2 |
2,325,000 | (1) | Cargo Aircraft Management, Inc., 4.750%, 02/01/2028 | 2,123,818 | 0.4 |
2,475,000 | (1) | Cascades, Inc./Cascades USA, Inc., 5.375%, 01/15/2028 | 2,108,280 | 0.4 |
2,125,000 | (1) | Fortress Transportation and Infrastructure Investors LLC, 5.500%, 05/01/2028 | 1,760,073 | 0.3 |
2,000,000 | (1),(2) | GFL Environmental, Inc., 4.000%, 08/01/2028 | 1,653,140 | 0.3 |
1,000,000 | (1) | GFL Environmental, Inc., 4.375%, 08/15/2029 | 806,395 | 0.2 |
725,000 | (1) | Global Infrastructure Solutions, Inc., 5.625%, 06/01/2029 | 567,189 | 0.1 |
900,000 | (1) | Global Infrastructure Solutions, Inc., 7.500%, 04/15/2032 | 692,229 | 0.1 |
1,800,000 | (1) | GrafTech Finance, Inc., 4.625%, 12/15/2028 | 1,460,181 | 0.3 |
1,825,000 | (1),(2) | Graham Packaging Co., Inc., 7.125%, 08/15/2028 | 1,467,072 | 0.3 |
1,600,000 | (1),(2) | Granite US Holdings Corp., 11.000%, 10/01/2027 | 1,506,120 | 0.3 |
2,100,000 | (1) | II-VI, Inc., 5.000%, 12/15/2029 | 1,837,259 | 0.3 |
2,075,000 | (1) | Imola Merger Corp., 4.750%, 05/15/2029 | 1,742,979 | 0.3 |
1,025,000 | (1),(3) | Intelligent Packaging Holdco Issuer L.P., 9.000% (PIK Rate 9.750%, Cash Rate 9.000%), 01/15/2026 | 912,559 | 0.2 |
1,925,000 | (1) | Intelligent Packaging Ltd. Finco, Inc. / Intelligent Packaging Ltd. Co-Issuer LLC, 6.000%, 09/15/2028 | 1,598,327 | 0.3 |
1,450,000 | (1) | Koppers, Inc., 6.000%, 02/15/2025 | 1,348,804 | 0.3 |
2,250,000 | (1) | New Enterprise Stone & Lime Co., Inc., 9.750%, 07/15/2028 | 1,926,698 | 0.4 |
2,325,000 | (1),(2) | PGT Innovations, Inc., 4.375%, 10/01/2029 | 1,836,413 | 0.3 |
1,475,000 | (1),(2) | Roller Bearing Co. of America, Inc., 4.375%, 10/15/2029 | 1,256,945 | 0.2 |
1,775,000 | (1) | Rolls-Royce PLC, 5.750%, 10/15/2027 | 1,604,431 | 0.3 |
1,825,000 | (1),(2) | Sensata Technologies, Inc., 3.750%, 02/15/2031 | 1,465,895 | 0.3 |
1,975,000 | (1) | Standard Industries, Inc./NJ, 3.375%, 01/15/2031 | 1,460,617 | 0.3 |
1,100,000 | (1) | Standard Industries, Inc./NJ, 4.375%, 07/15/2030 | 869,644 | 0.2 |
1,800,000 | (1) | Stevens Holding Co., Inc., 6.125%, 10/01/2026 | 1,735,767 | 0.3 |
1,300,000 | (1) | Summit Materials LLC / Summit Materials Finance Corp., 5.250%, 01/15/2029 | 1,136,551 | 0.2 |
1,225,000 | (1) | Summit Materials LLC / Summit Materials Finance Corp., 6.500%, 03/15/2027 | 1,183,528 | 0.2 |
1,200,000 | (2) | TransDigm, Inc., 4.625%, 01/15/2029 | 968,814 | 0.2 |
900,000 | | TransDigm, Inc., 5.500%, 11/15/2027 | 766,521 | 0.1 |
1,425,000 | | TransDigm, Inc., 6.375%, 06/15/2026 | 1,335,225 | 0.2 |
1,800,000 | (1),(2) | Vertiv Group Corp., 4.125%, 11/15/2028 | 1,464,228 | 0.3 |
1,675,000 | (1) | Weekley Homes LLC / Weekley Finance Corp., 4.875%, 09/15/2028 | 1,325,251 | 0.2 |
| | | 46,462,298 | 8.6 |
| | | | |
| | Technology: 2.9% |
1,675,000 | (1) | Castle US Holding Corp., 9.500%, 02/15/2028 | 1,432,600 | 0.3 |
2,125,000 | (1) | Condor Merger Sub, Inc., 7.375%, 02/15/2030 | 1,733,426 | 0.3 |
1,625,000 | (1) | Consensus Cloud Solutions, Inc., 6.500%, 10/15/2028 | 1,343,274 | 0.2 |
875,000 | (1) | ENTEGRIS ESCROW CORP SR UNSECURED 144A 06/30 5.95, 6.950%, 06/15/2030 | 834,348 | 0.2 |
2,775,000 | (1),(2) | NCR Corp., 5.125%, 04/15/2029 | 2,352,839 | 0.4 |
775,000 | (1) | Open Text Corp., 3.875%, 12/01/2029 | 653,325 | 0.1 |
1,575,000 | (1) | Open Text Holdings, Inc., 4.125%, 02/15/2030 | 1,364,840 | 0.3 |
1,775,000 | (1),(2) | Playtika Holding Corp., 4.250%, 03/15/2029 | 1,467,978 | 0.3 |
1,950,000 | (1) | Rackspace Technology Global, Inc., 5.375%, 12/01/2028 | 1,277,016 | 0.2 |
2,100,000 | (1) | Veritas US, Inc. / Veritas Bermuda Ltd., 7.500%, 09/01/2025 | 1,580,040 | 0.3 |
Principal Amount† | | | Value | Percentage of Net Assets |
CORPORATE BONDS/NOTES: (continued) | |
| | Technology: (continued) |
2,250,000 | (1) | Virtusa Corp., 7.125%, 12/15/2028 | $ | 1,811,981 | 0.3 |
| | | 15,851,667 | 2.9 |
| | | | |
| | Utilities: 1.0% |
325,000 | (1) | Clearway Energy Operating LLC, 3.750%, 01/15/2032 | 258,074 | 0.0 |
1,500,000 | (1) | Clearway Energy Operating LLC, 4.750%, 03/15/2028 | 1,352,020 | 0.3 |
1,750,000 | (1) | Drax Finco PLC, 6.625%, 11/01/2025 | 1,710,205 | 0.3 |
700,000 | (1) | Vistra Operations Co. LLC, 5.500%, 09/01/2026 | 662,305 | 0.1 |
1,550,000 | (1) | Vistra Operations Co. LLC, 5.625%, 02/15/2027 | 1,460,581 | 0.3 |
| | | 5,443,185 | 1.0 |
| | | | |
| Total Corporate Bonds/Notes | | |
| (Cost $587,044,173) | 497,173,607 | 92.4 |
| | | |
BANK LOANS: 1.1% | |
| | Electronics/Electrical: 0.7% |
3,600,000 | | AP Core Holdings II, LLC High-Yield Term Loan B2, 7.166%, (US0001M + 5.500%), 09/01/2027 | 3,400,499 | 0.6 |
770,000 | | Banff Merger Sub Inc 2021 USD 2nd Lien Term Loan, 7.166%, (US0001M + 5.500%), 02/27/2026 | 717,062 | 0.1 |
| | | 4,117,561 | 0.7 |
| | | | |
| | Technology: 0.4% |
2,215,971 | | Ascend Learning LLC TL B 1L, 7.537%, (US0001M + 5.750%), 11/16/2029 | 2,055,313 | 0.4 |
| | | | |
| Total Bank Loans | | |
| (Cost $6,537,082) | 6,172,874 | 1.1 |
| | | |
CONVERTIBLE BONDS/NOTES: 0.1% | |
| | Communications: 0.1% |
625,000 | | DISH Network Corp., 3.375%, 08/15/2026 | 423,750 | 0.1 |
| | | | |
| Total Convertible Bonds/Notes | | |
| (Cost $619,800) | 423,750 | 0.1 |
| | | |
Shares | | | Value | Percentage of Net Assets |
COMMON STOCK: 0.4% |
| | Consumer Staples: 0.4% |
96,000 | (5),(6) | Southeastern Grocers, Inc. | 2,112,000 | 0.4 |
| | | | |
| Total Common Stock | | |
| (Cost $676,787) | 2,112,000 | 0.4 |
| | | |
| Total Long-Term Investments | | |
| (Cost $594,877,842) | 505,882,231 | 94.0 |
| | | |
Principal Amount† | | | Value | Percentage of Net Assets |
SHORT-TERM INVESTMENTS: 19.9% |
| | Floating Rate Notes: 6.4% |
800,000 | (7) | ANZ Bank, 1.660%, 08/18/2022 | $ | 799,877 | 0.1 |
275,000 | (7) | Bank of America N.A., 1.660%, 08/16/2022 | 274,947 | 0.0 |
925,000 | (7) | Bank of Montreal, 1.650%, 07/25/2022 | 924,974 | 0.2 |
650,000 | (7) | Bank of Nova Scotia, 1.680%, 07/18/2022 | 650,004 | 0.1 |
975,000 | (7) | Barclays Bank PLC, 1.690%, 07/22/2022 | 974,976 | 0.2 |
600,000 | (7) | Barclays Bank PLC, 1.710%, 08/03/2022 | 599,985 | 0.1 |
950,000 | (7) | Bayeriche Landesbank of New York, 1.710%, 07/27/2022 | 950,005 | 0.2 |
900,000 | (7) | Collateralized Commercial Paper V Co., LLC, 1.730%, 08/25/2022 | 899,889 | 0.1 |
850,000 | (7) | Commonwealth Bank of Australia, 1.690%, 09/01/2022 | 849,791 | 0.1 |
975,000 | (7) | Cooperatieve Rabobank U.A./New York, 1.650%, 08/03/2022 | 974,946 | 0.2 |
600,000 | (7) | Cooperatieve Rabobank U.A./New York, 1.660%, 08/16/2022 | 599,924 | 0.1 |
975,000 | (7) | Credit Agricole, 1.630%, 07/21/2022 | 974,994 | 0.2 |
500,000 | (7) | Credit Agricole, 1.650%, 08/04/2022 | 500,003 | 0.1 |
975,000 | (7) | Credit Industriel et Commercial, 1.680%, 08/08/2022 | 974,951 | 0.2 |
975,000 | (7) | Credit Suisse AG, 1.670%, 07/19/2022 | 975,041 | 0.2 |
900,000 | (7) | Mitsubishi UFJ Trust and Banking Corp., 1.670%, 07/22/2022 | 899,972 | 0.2 |
950,000 | (7) | Mitsubishi UFJ Trust and Banking Corp., 1.700%, 07/26/2022 | 949,984 | 0.2 |
900,000 | (7) | Mizuho Bank Ltd., 1.680%, 07/25/2022 | 899,987 | 0.2 |
975,000 | (7) | Mizuho Bank Ltd., 1.690%, 07/28/2022 | 975,000 | 0.2 |
575,000 | (7) | Mizuho Bank Ltd., 1.700%, 08/10/2022 | 574,961 | 0.1 |
975,000 | (7) | National Australia Bank Ltd., 1.640%, 08/08/2022 | 974,915 | 0.2 |
975,000 | (7) | National Australia Bank Ltd., 1.660%, 08/15/2022 | 974,894 | 0.2 |
975,000 | (7) | National Bank of Canada, 1.670%, 08/09/2022 | 974,935 | 0.2 |
875,000 | (7) | Royal Bank of Canada, 1.660%, 08/16/2022 | 874,882 | 0.1 |
1,000,000 | (7) | Royal Bank of Canada, 1.690%, 08/23/2022 | 999,835 | 0.2 |
800,000 | (7) | Sheffield Receivables Company LLC, 1.720%, 07/27/2022 | 800,031 | 0.1 |
975,000 | (7) | Skandinaviska Enskilda Banken AB, 1.650%, 07/20/2022 | 974,984 | 0.2 |
975,000 | (7) | Societe Generale, 1.670%, 08/08/2022 | 975,099 | 0.2 |
Principal Amount† | | | Value | Percentage of Net Assets |
SHORT-TERM INVESTMENTS: (continued) |
| | Floating Rate Notes (continued) |
925,000 | (7) | Societe Generale, 1.710%, 08/31/2022 | $ | 925,086 | 0.2 |
875,000 | (7) | Starbird Funding Corp., 1.690%, 08/23/2022 | 874,845 | 0.1 |
800,000 | (7) | Sumitomo Mitsui Trust Bank Ltd., 1.670%, 07/25/2022 | 799,989 | 0.1 |
975,000 | (7) | Sumitomo Mitsui Trust Bank Ltd., 1.670%, 07/28/2022 | 974,985 | 0.2 |
375,000 | (7) | Sumitomo Mitsui Trust Bank Ltd., 1.680%, 07/29/2022 | 375,000 | 0.1 |
900,000 | (7) | Sumitomo Mitsui Trust Bank Ltd., 1.690%, 08/01/2022 | 899,994 | 0.2 |
950,000 | (7) | Sumitomo Mitsui Trust Bank Ltd., 1.690%, 08/04/2022 | 949,981 | 0.2 |
700,000 | (7) | Sumitomo Mitsui Trust Bank Ltd., 1.690%, 08/08/2022 | 699,973 | 0.1 |
1,000,000 | (7) | Svenska Handelsbanken AB, 1.670%, 07/29/2022 | 999,968 | 0.2 |
950,000 | (7) | Toronto-Dominion Bank, 1.650%, 07/25/2022 | 949,978 | 0.2 |
975,000 | (7) | Toronto-Dominion Bank, 1.660%, 08/19/2022 | 974,899 | 0.2 |
1,000,000 | (7) | Westpac Banking Corp., 1.650%, 08/02/2022 | 999,952 | 0.2 |
| | | |
| Total Floating Rate Notes | | |
| (Cost $34,198,436) | 34,198,436 | 6.4 |
| | | |
| | Repurchase Agreements: 8.7% |
11,775,429 | (7) | Cantor Fitzgerald Securities, Repurchase Agreement dated 06/30/22, 1.55%, due 07/01/22 (Repurchase Amount $11,775,929, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-9.000%, Market Value plus accrued interest $12,010,938, due 08/01/22-01/20/68) | 11,775,429 | 2.2 |
6,223,160 | (7) | Citadel Securities LLC, Repurchase Agreement dated 06/30/22, 1.55%, due 07/01/22 (Repurchase Amount $6,223,424, collateralized by various U.S. Government Securities, 0.000%-7.250%, Market Value plus accrued interest $6,347,945, due 07/21/22-05/15/52) | 6,223,160 | 1.2 |
1,228,822 | (7) | HSBC Securities USA, Repurchase Agreement dated 06/30/22, 1.48%, due 07/01/22 (Repurchase Amount $1,228,872, collateralized by various U.S. Government Securities, 0.000%-6.500%, Market Value plus accrued interest $1,253,398, due 11/15/23-08/15/51) | 1,228,822 | 0.2 |
3,384,765 | (7) | Industrial & Comm. Bank of China, Repurchase Agreement dated 06/30/22, 1.50%, due 07/01/22 (Repurchase Amount $3,384,904, collateralized by various U.S. Government Securities, 0.000%-3.250%, Market Value plus accrued interest $3,452,460, due 12/29/22-06/30/27) | 3,384,765 | 0.6 |
4,033,165 | (7) | Mirae Asset Securities USA Inc., Repurchase Agreement dated 06/30/22, 1.59%, due 07/01/22 (Repurchase Amount $4,033,341, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.550%-8.250%, Market Value plus accrued interest $4,114,010, due 08/01/22-02/20/72) | 4,033,165 | 0.8 |
20,109,412 | (7) | RBC Dominion Securities Inc., Repurchase Agreement dated 06/30/22, 1.55%, due 07/01/22 (Repurchase Amount $20,110,266, collateralized by various U.S. Government/U.S. Government Agency Obligations, 0.000%-6.875%, Market Value plus accrued interest $20,511,600, due 08/16/22-05/20/52) | 20,109,412 | 3.7 |
| | | |
| Total Repurchase Agreements | | |
| (Cost $46,754,753) | 46,754,753 | 8.7 |
At June 30, 2022, 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: