Principal Amount USD ($) | | | | | | Value |
| Mining — (continued) | |
250,000 | Constellium SE, 3.75%, 4/15/29 (144A) | $ 218,981 |
235,000 | Eldorado Gold Corp., 6.25%, 9/1/29 (144A) | 211,857 |
265,000 | First Quantum Minerals, Ltd., 7.50%, 4/1/25 (144A) | 245,125 |
325,000 | First Quantum Minerals, Ltd., 8.625%, 6/1/31 (144A) | 262,844 |
339,000 | IAMGOLD Corp., 5.75%, 10/15/28 (144A) | 274,749 |
| Total Mining | $1,378,082 |
|
|
| Oil & Gas — 11.3% | |
302,000 | Aethon United BR LP/Aethon United Finance Corp., 8.25%, 2/15/26 (144A) | $ 303,510 |
211,000 | Baytex Energy Corp., 8.75%, 4/1/27 (144A) | 216,452 |
110,000 | CITGO Petroleum Corp., 8.375%, 1/15/29 (144A) | 110,891 |
160,000 | Civitas Resources, Inc., 8.375%, 7/1/28 (144A) | 163,870 |
65,000 | Civitas Resources, Inc., 8.625%, 11/1/30 (144A) | 67,322 |
160,000 | Civitas Resources, Inc., 8.75%, 7/1/31 (144A) | 165,595 |
302,000 | Energean Plc, 6.50%, 4/30/27 (144A) | 265,610 |
90,000 | Hilcorp Energy I LP/Hilcorp Finance Co., 6.00%, 4/15/30 (144A) | 83,952 |
90,000 | Hilcorp Energy I LP/Hilcorp Finance Co., 6.25%, 4/15/32 (144A) | 83,124 |
116,182 | International Petroleum Corp., 7.25%, 2/1/27 (144A) | 107,875 |
400,000 | Kosmos Energy, Ltd., 7.75%, 5/1/27 (144A) | 367,680 |
190,000 | Matador Resources Co., 6.875%, 4/15/28 (144A) | 190,424 |
300,000 | Neptune Energy Bondco Plc, 6.625%, 5/15/25 (144A) | 298,590 |
220,000 | Parkland Corp., 4.625%, 5/1/30 (144A) | 196,350 |
208,000 | Precision Drilling Corp., 6.875%, 1/15/29 (144A) | 196,562 |
200,000 | Seadrill Finance, Ltd., 8.375%, 8/1/30 (144A) | 204,910 |
270,000 | Shelf Drilling Holdings, Ltd., 9.625%, 4/15/29 (144A) | 259,783 |
324,000 | Southwestern Energy Co., 5.375%, 3/15/30 | 307,204 |
109,250 | Transocean, Inc., 8.75%, 2/15/30 (144A) | 111,576 |
40,000 | Transocean Titan Financing, Ltd., 8.375%, 2/1/28 (144A) | 40,800 |
260,000 | Tullow Oil Plc, 10.25%, 5/15/26 (144A) | 230,100 |
230,000 | Valaris, Ltd., 8.375%, 4/30/30 (144A) | 231,373 |
| Total Oil & Gas | $4,203,553 |
|
|
| Oil & Gas Services — 0.5% | |
215,000 | Enerflex, Ltd., 9.00%, 10/15/27 (144A) | $ 202,439 |
| Total Oil & Gas Services | $202,439 |
|
|
| Packaging & Containers — 4.0% | |
235,000 | Cascades Inc/Cascades USA, Inc., 5.375%, 1/15/28 (144A) | $ 221,500 |