Eaton Vance
Senior Floating-Rate Trust
January 31, 2022
PORTFOLIO OF INVESTMENTS (Unaudited)
Asset-Backed Securities — 5.8%
Security | Principal Amount (000’s omitted) | Value | ||||||
Allegany Park CLO, Ltd., Series 2019-1A, Class E, 7.029%, (3 mo. USD LIBOR + 6.78%), 1/20/33(1)(2) | $ | 700 | $ | 701,298 | ||||
Ares XXXIIR CLO, Ltd., Series 2014-32RA, Class D, 6.006%, (3 mo. USD LIBOR + 5.85%), 5/15/30(1)(2) | 2,000 | 1,956,978 | ||||||
Ares XXXIV CLO, Ltd., Series 2015-2A, Class ER, 7.091%, (3 mo. USD LIBOR + 6.85%), 4/17/33(1)(2) | 1,150 | 1,144,663 | ||||||
Benefit Street Partners CLO XIX, Ltd., Series 2019-19A, Class E, 7.261%, (3 mo. USD LIBOR + 7.02%), 1/15/33(1)(2) | 750 | 743,986 | ||||||
Benefit Street Partners CLO XVIII, Ltd., Series 2019-18A, Class ER, 6.991%, (3 mo. USD LIBOR + 6.75%), 10/15/34(1)(2) | 1,000 | 996,907 | ||||||
BlueMountain CLO XXVI, Ltd., Series 2019-26A, Class ER, 7.384%, (3 mo. USD LIBOR + 7.13%), 10/20/34(1)(2) | 1,500 | 1,487,758 | ||||||
Canyon Capital CLO, Ltd., Series 2019-2A, Class ER, 6.991%, (3 mo. USD LIBOR + 6.75%), 10/15/34(1)(2) | 400 | 399,577 | ||||||
Carlyle Global Market Strategies CLO, Ltd.: |
| |||||||
Series 2012-3A, Class DR2, 6.738%, (3 mo. USD LIBOR + 6.50%), 1/14/32(1)(2) | 1,200 | 1,132,709 | ||||||
Series 2015-5A, Class DR, 6.954%, (3 mo. USD LIBOR + 6.70%), 1/20/32(1)(2) | 500 | 476,144 | ||||||
Cedar Funding X CLO, Ltd., Series 2019-10A, Class ER, 6.754%, (3 mo. USD LIBOR + 6.50%), 10/20/32(1)(2) | 1,000 | 992,416 | ||||||
Galaxy XV CLO, Ltd., Series 2013-15A, Class ER, 6.886%, (3 mo. USD LIBOR + 6.65%), 10/15/30(1)(2) | 1,000 | 981,539 | ||||||
Galaxy XXI CLO, Ltd., Series 2015-21A, Class ER, 5.504%, (3 mo. USD LIBOR + 5.25%), 4/20/31(1)(2) | 1,000 | 956,270 | ||||||
Galaxy XXV CLO, Ltd., Series 2018-25A, Class E, 6.208%, (3 mo. USD LIBOR + 5.95%), 10/25/31(1)(2) | 250 | 242,585 | ||||||
Golub Capital Partners CLO 23M, Ltd., Series 2015-23A, Class ER, 6.004%, (3 mo. USD LIBOR + 5.75%), 1/20/31(1)(2) | 1,200 | 1,087,654 | ||||||
Madison Park Funding XXXVI, Ltd., Series 2019-36A, Class E, 7.491%, (3 mo. USD LIBOR + 7.25%), 1/15/33(1)(2) | 500 | 500,246 | ||||||
Palmer Square CLO, Ltd.: |
| |||||||
Series 2013-2A, Class DRR, 6.091%, (3 mo. USD LIBOR + 5.85%), 10/17/31(1)(2) | 900 | 884,801 | ||||||
Series 2019-1A, Class DR, 6.652%, (3 mo. USD LIBOR + 6.50%), 11/14/34(1)(2) | 1,000 | 996,846 | ||||||
RAD CLO 5, Ltd., Series 2019-5A, Class E, 6.959%, (3 mo. USD LIBOR + | 1,000 | 995,743 | ||||||
RAD CLO 7, Ltd., Series 2020-7A, Class E, 6.741%, (3 mo. USD LIBOR + | 1,150 | 1,150,442 | ||||||
Regatta XIV Funding, Ltd., Series 2018-3A, Class E, 6.208%, (3 mo. USD LIBOR + 5.95%), 10/25/31(1)(2) | 700 | 670,897 | ||||||
Regatta XVI Funding, Ltd., Series 2019-2A, Class E, 7.241%, (3 mo. USD LIBOR + 7.00%), 1/15/33(1)(2) | 750 | 750,265 |
1
Security | Principal Amount (000’s omitted) | Value | ||||||
Vibrant CLO X, Ltd., Series 2018-10A, Class D, 6.444%, (3 mo. USD LIBOR + 6.19%), 10/20/31(1)(2) | $ | 775 | $ | 716,047 | ||||
Vibrant CLO XI, Ltd., Series 2019-11A, Class D, 7.024%, (3 mo. USD LIBOR + 6.77%), 7/20/32(1)(2) | 1,000 | 960,553 | ||||||
Voya CLO, Ltd., Series 2013-1A, Class DR, 6.721%, (3 mo. USD LIBOR + 6.48%), 10/15/30(1)(2) | 2,000 | 1,851,498 | ||||||
Wellfleet CLO, Ltd., Series 2020-1A, Class D, 7.481%, (3 mo. USD LIBOR + | 1,150 | 1,150,450 | ||||||
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| |||||||
Total Asset-Backed Securities | $ | 23,928,272 | ||||||
|
| |||||||
Closed-End Funds — 1.9% |
| |||||||
Security | Shares | Value | ||||||
BlackRock Floating Rate Income Strategies Fund, Inc. | 99,936 | $ | 1,358,130 | |||||
Invesco Senior Income Trust | 361,124 | 1,596,168 | ||||||
Nuveen Credit Strategies Income Fund | 365,228 | 2,363,025 | ||||||
Nuveen Floating Rate Income Fund | 148,079 | 1,529,656 | ||||||
Nuveen Floating Rate Income Opportunity Fund | 103,281 | 1,051,401 | ||||||
|
| |||||||
Total Closed-End Funds | $ | 7,898,380 | ||||||
|
| |||||||
Common Stocks — 1.3% | ||||||||
Security | Shares | Value | ||||||
Aerospace and Defense — 0.1% |
| |||||||
IAP Global Services, LLC(3)(4)(5) | 55 | $ | 268,280 | |||||
|
| |||||||
$ | 268,280 | |||||||
|
| |||||||
Electronics/Electrical — 0.1% |
| |||||||
Riverbed Technology, Inc.(3)(5) | 326 | $ | 3,427 | |||||
Skillsoft Corp.(3)(5) | 53,012 | 393,352 | ||||||
|
| |||||||
$ | 396,779 | |||||||
|
| |||||||
Oil and Gas — 0.5% |
| |||||||
Nine Point Energy Holdings, Inc.(3)(4)(5)(6) | 758 | $ | 0 | |||||
QuarterNorth Energy, Inc.(3)(5) | 20,791 | 2,186,521 | ||||||
|
| |||||||
$ | 2,186,521 | |||||||
|
| |||||||
Radio and Television — 0.3% |
| |||||||
Clear Channel Outdoor Holdings, Inc.(3)(5) | 86,335 | $ | 264,185 | |||||
Cumulus Media, Inc., Class A(3)(5) | 38,163 | 391,171 | ||||||
iHeartMedia, Inc., Class A(3)(5) | 36,714 | 739,787 | ||||||
|
| |||||||
$ | 1,395,143 | |||||||
|
| |||||||
Retailers (Except Food and Drug) — 0.1% |
| |||||||
Phillips Pet Holding Corp.(3)(4)(5) | 556 | $ | 210,826 | |||||
|
| |||||||
$ | 210,826 | |||||||
|
|
2
Security | Shares | Value | ||||||
Telecommunications — 0.2% |
| |||||||
GEE Acquisition Holdings Corp.(3)(4)(5) | 45,136 | $ | 948,759 | |||||
|
| |||||||
$ | 948,759 | |||||||
|
| |||||||
Total Common Stocks | $ | 5,406,308 | ||||||
|
| |||||||
Convertible Preferred Stocks — 0.0%(7) |
| |||||||
Security | Shares | Value | ||||||
Electronics/Electrical — 0.0%(7) |
| |||||||
Riverbed Technology, Inc., Series A, 6.50%, (1.50% cash, 5.00% PIK)(3)(5) | 107 | $ | 2,185 | |||||
|
| |||||||
$ | 2,185 | |||||||
|
| |||||||
Oil and Gas — 0.0% |
| |||||||
Nine Point Energy Holdings, Inc., Series A, 12.00%(3)(4)(5)(6) | 14 | $ | 0 | |||||
|
| |||||||
$ | 0 | |||||||
|
| |||||||
Total Convertible Preferred Stocks | $ | 2,185 | ||||||
|
| |||||||
Corporate Bonds — 1.2% |
| |||||||
Security | Principal Amount (000’s omitted) | Value | ||||||
Business Equipment and Services — 0.3% |
| |||||||
Prime Security Services Borrower, LLC/Prime Finance, Inc.: |
| |||||||
5.25%, 4/15/24(1) | $ | 700 | $ | 722,400 | ||||
5.75%, 4/15/26(1) | 700 | 726,456 | ||||||
|
| |||||||
$ | 1,448,856 | |||||||
|
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Food Products — 0.3% |
| |||||||
Del Monte Foods, Inc., 11.875%, 5/15/25(1) | $ | 1,000 | $ | 1,106,145 | ||||
|
| |||||||
$ | 1,106,145 | |||||||
|
| |||||||
Radio and Television — 0.5% |
| |||||||
Diamond Sports Group, LLC/Diamond Sports Finance Co., 5.375%, 8/15/26(1) | $ | 2,864 | $ | 1,329,281 | ||||
iHeartCommunications, Inc.: |
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6.375%, 5/1/26 | 208 | 215,363 | ||||||
8.375%, 5/1/27 | 376 | 394,107 | ||||||
|
| |||||||
$ | 1,938,751 | |||||||
|
| |||||||
Telecommunications — 0.1% |
| |||||||
Digicel International Finance, Ltd./Digicel International Holdings, Ltd., 8.75%, 5/25/24(1) | $ | 550 | $ | 564,361 | ||||
|
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$ | 564,361 | |||||||
|
| |||||||
Total Corporate Bonds | $ | 5,058,113 | ||||||
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3
Senior Floating-Rate Loans — 140.6%(8) |
| |||||||
Borrower/Description | Principal Amount* (000’s omitted) | Value | ||||||
Aerospace and Defense — 2.3% |
| |||||||
Aernnova Aerospace S.A.U.: |
| |||||||
Term Loan, 3.00%, (3 mo. EURIBOR + 3.00%), 2/22/27 | EUR | 102 | $ | 109,097 | ||||
Term Loan, 3.00%, (3 mo. EURIBOR + 3.00%), 2/26/27 | EUR | 398 | 425,478 | |||||
AI Convoy (Luxembourg) S.a.r.l.: |
| |||||||
Term Loan, 3.50%, (6 mo. EURIBOR + 3.50%), 1/18/27 | EUR | 400 | 446,790 | |||||
Term Loan, 4.50%, (USD LIBOR + 3.50%, Floor 1.00%), 1/18/27(9) | 1,741 | 1,746,440 | ||||||
Dynasty Acquisition Co., Inc.: |
| |||||||
Term Loan, 3.724%, (3 mo. USD LIBOR + 3.50%), 4/6/26 | 1,004 | 983,720 | ||||||
Term Loan, 3.724%, (3 mo. USD LIBOR + 3.50%), 4/6/26 | 1,867 | 1,829,088 | ||||||
IAP Worldwide Services, Inc.: |
| |||||||
Revolving Loan, 0.75%, 7/18/23(10) | 311 | 312,259 | ||||||
Term Loan - Second Lien, 8.00%, (3 mo. USD LIBOR + 6.50%, Floor 1.50%), 7/18/23(4) | 398 | 323,784 | ||||||
Spirit Aerosystems, Inc., Term Loan, 4.25%, (1 mo. USD LIBOR + 3.75%, Floor 0.50%), 1/15/25 | 521 | 523,250 | ||||||
WP CPP Holdings, LLC, Term Loan, 4.75%, (USD LIBOR + 3.75%, Floor 1.00%), 4/30/25(9) | 3,015 | 2,959,523 | ||||||
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$ | 9,659,429 | |||||||
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Air Transport — 2.7% |
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AAdvantage Loyalty IP, Ltd., Term Loan, 5.50%, (3 mo. USD LIBOR + 4.75%, Floor 0.75%), 4/20/28 | 3,025 | $ | 3,144,920 | |||||
Air Canada, Term Loan, 4.25%, (6 mo. USD LIBOR + 3.50%, Floor 0.75%), 8/11/28 | 2,000 | 2,008,750 | ||||||
Brown Group Holding, LLC, Term Loan, 3.00%, (3 mo. USD LIBOR + 2.50%, Floor 0.50%), 6/7/28 | 2,189 | 2,179,215 | ||||||
Mileage Plus Holdings, LLC, Term Loan, 6.25%, (3 mo. USD LIBOR + 5.25%, Floor 1.00%), 6/21/27 | 750 | 792,469 | ||||||
United Airlines, Inc., Term Loan, 4.50%, (3 mo. USD LIBOR + 3.75%, Floor 0.75%), 4/21/28 | 2,985 | 2,993,356 | ||||||
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$ | 11,118,710 | |||||||
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Automotive — 6.8% |
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Adient US, LLC, Term Loan, 3.605%, (1 mo. USD LIBOR + 3.50%), 4/10/28 | 1,943 | $ | 1,944,970 | |||||
Autokiniton US Holdings, Inc., Term Loan, 5.00%, (12 mo. USD LIBOR + 4.50%, Floor 0.50%), 4/6/28 | 3,188 | 3,196,108 | ||||||
Belron Finance US, LLC, Term Loan, 3.25%, (3 mo. USD LIBOR + 2.75%, Floor 0.50%), 4/13/28 | 918 | 919,115 | ||||||
Bright Bidco B.V., Term Loan, 4.50%, (6 mo. USD LIBOR + 3.50%, Floor 1.00%), 6/30/24 | 1,458 | 1,123,896 | ||||||
Chassix, Inc., Term Loan, 6.50%, (USD LIBOR + 5.50%, Floor 1.00%), 11/15/23(9) | 1,296 | 1,176,930 | ||||||
Clarios Global, L.P.: |
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Term Loan, 3.25%, (1 mo. EURIBOR + 3.25%), 4/30/26 | EUR | 1,000 | 1,116,748 | |||||
Term Loan, 3.355%, (1 mo. USD LIBOR + 3.25%), 4/30/26 | 3,004 | 2,995,453 | ||||||
Dayco Products, LLC, Term Loan, 4.425%, (3 mo. USD LIBOR + 4.25%), 5/19/23 | 979 | 965,007 | ||||||
Garrett LX I S.a.r.l., Term Loan, 3.75%, (3 mo. USD LIBOR + 3.25%, Floor 0.50%), 4/30/28 | 723 | 721,380 | ||||||
Gates Global, LLC, Term Loan, 3.25%, (1 mo. USD LIBOR + 2.50%, Floor 0.75%), 3/31/27 | 2,562 | 2,558,991 |
4
Borrower/Description | Principal Amount* (000’s omitted) | Value | ||||||
Les Schwab Tire Centers, Term Loan, 4.00%, (3 mo. USD LIBOR + 3.25%, Floor 0.75%), 11/2/27 | 4,091 | $ | 4,091,851 | |||||
MajorDrive Holdings IV, LLC, Term Loan, 4.50%, (3 mo. USD LIBOR + 4.00%, Floor 0.50%), 5/12/28 | 622 | 622,264 | ||||||
Tenneco, Inc., Term Loan, 3.105%, (1 mo. USD LIBOR + 3.00%), 10/1/25 | 2,992 | 2,962,676 | ||||||
Thor Industries, Inc., Term Loan, 3.125%, (1 mo. USD LIBOR + 3.00%), 2/1/26 | 991 | 993,840 | ||||||
Truck Hero, Inc., Term Loan, 4.00%, (1 mo. USD LIBOR + 3.25%, Floor 0.75%), 1/31/28 | 1,741 | 1,739,269 | ||||||
Wheel Pros, LLC, Term Loan, 5.25%, (1 mo. USD LIBOR + 4.50%, Floor 0.75%), 5/11/28 | 948 | 948,217 | ||||||
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$ | 28,076,715 | |||||||
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Beverage and Tobacco — 1.0% |
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Arterra Wines Canada, Inc., Term Loan, 4.25%, (3 mo. USD LIBOR + 3.50%, Floor 0.75%), 11/24/27 | 990 | $ | 988,144 | |||||
City Brewing Company, LLC, Term Loan, 4.25%, (3 mo. USD LIBOR + 3.50%, Floor 0.75%), 4/5/28 | 848 | 812,900 | ||||||
Triton Water Holdings, Inc., Term Loan, 4.00%, (3 mo. USD LIBOR + 3.50%, Floor 0.50%), 3/31/28 | 2,438 | 2,422,515 | ||||||
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$ | 4,223,559 | |||||||
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Brokerage/Securities Dealers/Investment Houses — 0.9% |
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Advisor Group, Inc., Term Loan, 4.605%, (1 mo. USD LIBOR + 4.50%), 7/31/26 | 2,202 | $ | 2,201,869 | |||||
Hudson River Trading, LLC, Term Loan, 3.171%, (SOFR + 3.114%), 3/20/28 | 1,755 | 1,735,176 | ||||||
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$ | 3,937,045 | |||||||
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Building and Development — 4.8% |
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Aegion Corporation, Term Loan, 5.50%, (3 mo. USD LIBOR + 4.75%, Floor 0.75%), 5/17/28 | 524 | $ | 526,797 | |||||
American Residential Services, LLC, Term Loan, 4.25%, (3 mo. USD LIBOR + 3.50%, Floor 0.75%), 10/15/27 | 569 | 569,962 | ||||||
Cornerstone Building Brands, Inc., Term Loan, 3.75%, (1 mo. USD LIBOR + 3.25%, Floor 0.50%), 4/12/28 | 2,836 | 2,835,657 | ||||||
CP Atlas Buyer, Inc., Term Loan, 4.25%, (3 mo. USD LIBOR + 3.75%, Floor 0.50%), 11/23/27 | 1,391 | 1,387,748 | ||||||
DiversiTech Holdings, Inc.: |
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Term Loan, 0.00%, 12/16/28(10) | 124 | 125,373 | ||||||
Term Loan, 4.25%, (3 mo. USD LIBOR + 3.75%, Floor 0.50%), 12/16/28 | 601 | 601,465 | ||||||
MI Windows and Doors, LLC, Term Loan, 4.00%, (SOFR + 3.50%, Floor 0.50%), 12/18/27 | 1,536 | 1,540,560 | ||||||
Northstar Group Services, Inc., Term Loan, 6.50%, (1 mo. USD LIBOR + 5.50%, Floor 1.00%), 11/12/26 | 1,442 | 1,446,237 | ||||||
Park River Holdings, Inc., Term Loan, 4.00%, (3 mo. USD LIBOR + 3.25%, Floor 0.75%), 12/28/27 | 670 | 667,423 | ||||||
Patagonia Bidco Limited: |
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Term Loan, 5.445%, (SONIA + 5.25%), 3/5/29 | GBP | 1,121 | 1,505,954 | |||||
Term Loan, 5.445%, (SONIA + 5.25%), 3/5/29 | GBP | 204 | 273,810 | |||||
Quikrete Holdings, Inc., Term Loan, 6/11/28(11) | 2,500 | 2,497,655 | ||||||
SRS Distribution, Inc.: |
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Term Loan, 4.00%, (SOFR + 3.50%, Floor 0.50%), 6/2/28 | 325 | 325,068 |
5
Borrower/Description | Principal Amount* (000’s omitted) | Value | ||||||
Term Loan, 4.25%, (USD LIBOR + 3.75%, Floor 0.50%), 6/2/28(9) | 1,095 | $ | 1,094,403 | |||||
Standard Industries, Inc., Term Loan, 3.00%, (3 mo. USD LIBOR + 2.50%, Floor 0.50%), 9/22/28 | 944 | 946,258 | ||||||
Werner FinCo L.P., Term Loan, 5.00%, (3 mo. USD LIBOR + 4.00%, Floor 1.00%), 7/24/24 | 1,054 | 1,056,276 | ||||||
White Cap Buyer, LLC, Term Loan, 6.25%, (USD Prime + 3.00%), 10/19/27 | 2,148 | 2,150,665 | ||||||
WireCo WorldGroup, Inc., Term Loan, 4.75%, (6 mo. USD LIBOR + 4.25%, Floor 0.50%), 11/13/28 | 425 | 425,531 | ||||||
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$ | 19,976,842 | |||||||
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Business Equipment and Services — 16.9% |
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AlixPartners, LLP, Term Loan, 3.25%, (3 mo. EURIBOR + 3.25%), 2/4/28 | EUR | 496 | $ | 556,417 | ||||
Allied Universal Holdco, LLC, Term Loan, 4.25%, (3 mo. USD LIBOR + 3.75%, Floor 0.50%), 5/12/28 | 3,919 | 3,914,766 | ||||||
APFS Staffing Holdings, Inc., Term Loan, 12/29/28(11) | 250 | 250,625 | ||||||
AppLovin Corporation: |
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Term Loan, 3.355%, (1 mo. USD LIBOR + 3.25%), 8/15/25 | 2,139 | 2,137,971 | ||||||
Term Loan, 3.50%, (1 mo. USD LIBOR + 3.00%, Floor 0.50%), 10/25/28 | 1,272 | 1,270,223 | ||||||
Belfor Holdings, Inc., Term Loan, 3.855%, (1 mo. USD LIBOR + 3.75%), 4/6/26 | 488 | 488,109 | ||||||
Blitz 20-487 GmbH, Term Loan, 3.50%, (3 mo. EURIBOR + 3.50%), 4/28/28 | EUR | 750 | 840,130 | |||||
Bracket Intermediate Holding Corp., Term Loan, 4.466%, (3 mo. USD LIBOR + 4.25%), 9/5/25 | 847 | 846,033 | ||||||
Brand Energy & Infrastructure Services, Inc., Term Loan, 5.25%, (3 mo. USD LIBOR + 4.25%, Floor 1.00%), 6/21/24 | 501 | 490,094 | ||||||
Camelot U.S. Acquisition 1 Co., Term Loan, 4.00%, (1 mo. USD LIBOR + 3.00%, Floor 1.00%), 10/30/26 | 3,601 | 3,597,809 | ||||||
Ceridian HCM Holding, Inc., Term Loan, 2.605%, (1 mo. USD LIBOR + 2.50%), 4/30/25 | 889 | 879,482 | ||||||
Deerfield Dakota Holding, LLC, Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), 4/9/27 | 1,995 | 2,002,639 | ||||||
Employbridge, LLC, Term Loan, 5.50%, (3 mo. USD LIBOR + 4.75%, Floor 0.75%), 7/14/28 | 1,496 | 1,494,914 | ||||||
Endure Digital, Inc., Term Loan, 4.25%, (3 mo. USD LIBOR + 3.50%, Floor 0.75%), 2/10/28 | 3,060 | 3,037,060 | ||||||
EP Purchaser, LLC, Term Loan, 4.00%, (3 mo. USD LIBOR + 3.50%, Floor 0.50%), 11/6/28 | 350 | 350,766 | ||||||
Foundational Education Group, Inc., Term Loan, 4.75%, (6 mo. USD LIBOR + 4.25%, Floor 0.50%), 8/31/28 | 1,475 | 1,477,304 | ||||||
Garda World Security Corporation, Term Loan, 4.36%, (1 mo. USD LIBOR + 4.25%), 10/30/26 | 2,408 | 2,417,015 | ||||||
Grab Holdings, Inc., Term Loan, 5.50%, (6 mo. USD LIBOR + 4.50%, Floor 1.00%), 1/29/26 | 2,308 | 2,313,811 | ||||||
Greeneden U.S. Holdings II, LLC, Term Loan, 4.75%, (1 mo. USD LIBOR + 4.00%, Floor 0.75%), 12/1/27 | 2,334 | 2,336,880 | ||||||
Hillman Group, Inc. (The): |
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Term Loan, 2.79%, (1 mo. USD LIBOR + 2.75%, Floor 0.50%), 7/14/28(10) | 76 | 75,792 | ||||||
Term Loan, 3.25%, (1 mo. USD LIBOR + 2.75%, Floor 0.50%), 7/14/28 | 316 | 315,703 | ||||||
Indy US Bidco, LLC: |
| |||||||
Term Loan, 3.75%, (1 mo. EURIBOR + 3.75%), 3/6/28 | EUR | 597 | 671,819 | |||||
Term Loan, 3.855%, (1 mo. USD LIBOR + 3.75%), 3/5/28 | 744 | 744,850 | ||||||
Intrado Corporation, Term Loan, 5.00%, (3 mo. USD LIBOR + 4.00%, Floor 1.00%), 10/10/24 | 925 | 868,512 |
6
Borrower/Description | Principal Amount* (000’s omitted) | Value | ||||||
IRI Holdings, Inc., Term Loan, 4.355%, (1 mo. USD LIBOR + 4.25%), 12/1/25 | 2,562 | $ | 2,568,999 | |||||
Ivanti Software, Inc.: |
| |||||||
Term Loan, 4.75%, (3 mo. USD LIBOR + 4.00%, Floor 0.75%), 12/1/27 | 720 | 715,245 | ||||||
Term Loan, 5.00%, (3 mo. USD LIBOR + 4.25%, Floor 0.75%), 12/1/27 | 2,637 | 2,628,510 | ||||||
KAR Auction Services, Inc., Term Loan, 2.375%, (1 mo. USD LIBOR + 2.25%), 9/19/26 | 587 | 579,902 | ||||||
KUEHG Corp.: |
| |||||||
Term Loan, 4.75%, (3 mo. USD LIBOR + 3.75%, Floor 1.00%), 2/21/25 | 2,886 | 2,848,770 | ||||||
Term Loan - Second Lien, 9.25%, (3 mo. USD LIBOR + 8.25%, Floor 1.00%), 8/22/25 | 400 | 399,700 | ||||||
LGC Group Holdings, Ltd., Term Loan, 3.00%, (1 mo. EURIBOR + 3.00%), 4/21/27 | EUR | 475 | 523,883 | |||||
Loire Finco Luxembourg S.a.r.l., Term Loan, 3.355%, (1 mo. USD LIBOR + 3.25%), 4/21/27 | 320 | 314,553 | ||||||
Magnite, Inc., Term Loan, 5.75%, (6 mo. USD LIBOR + 5.00%, Floor 0.75%), 4/28/28 | 721 | 723,178 | ||||||
MedAssets Software Intermediate Holdings, Inc.: |
| |||||||
Term Loan, 4.50%, (6 mo. USD LIBOR + 4.00%, Floor 0.50%), 12/18/28 | 825 | 823,797 | ||||||
Term Loan - Second Lien, 7.25%, (6 mo. USD LIBOR + 6.75%, Floor 0.50%), 12/17/29 | 600 | 601,000 | ||||||
Monitronics International, Inc., Term Loan, 8.75%, (3 mo. USD LIBOR + 7.50%, Floor 1.25%), 3/29/24 | 1,398 | 1,188,019 | ||||||
NAB Holdings, LLC, Term Loan, 3.50%, (SOFR + 3.00%, Floor 0.50%), 11/23/28 | 925 | 920,375 | ||||||
Packaging Coordinators Midco, Inc., Term Loan, 4.50%, (3 mo. USD LIBOR + 3.75%, Floor 0.75%), 11/30/27 | 1,372 | 1,373,637 | ||||||
Pike Corporation, Term Loan, 3.11%, (1 mo. USD LIBOR + 3.00%), 1/21/28 | 455 | 454,995 | ||||||
Prime Security Services Borrower, LLC, Term Loan, 3.50%, (USD LIBOR + 2.75%, Floor 0.75%), 9/23/26(9) | 2,024 | 2,021,409 | ||||||
Sabre GLBL, Inc.: |
| |||||||
Term Loan, 2.105%, (1 mo. USD LIBOR + 2.00%), 2/22/24 | 913 | 902,141 | ||||||
Term Loan, 4.00%, (1 mo. USD LIBOR + 3.50%, Floor 0.50%), 12/17/27 | 959 | 952,029 | ||||||
Term Loan, 4.00%, (1 mo. USD LIBOR + 3.50%, Floor 0.50%), 12/17/27 | 1,529 | 1,517,591 | ||||||
SITEL Worldwide Corporation, Term Loan, 4.25%, (3 mo. USD LIBOR + 3.75%, Floor 0.50%), 8/28/28 | 2,319 | 2,323,536 | ||||||
Skopima Merger Sub, Inc., Term Loan, 4.50%, (1 mo. USD LIBOR + 4.00%, Floor 0.50%), 5/12/28 | 1,521 | 1,520,395 | ||||||
SMG US Midco 2, Inc., Term Loan, 2.744%, (USD LIBOR + 2.50%), 1/23/25(9) | 217 | 212,985 | ||||||
Sotheby’s, Term Loan, 5.00%, (3 mo. USD LIBOR + 4.50%, Floor 0.50%), 1/15/27 | 411 | 412,903 | ||||||
Spin Holdco, Inc., Term Loan, 4.75%, (3 mo. USD LIBOR + 4.00%, Floor 0.75%), 3/4/28 | 4,218 | 4,222,411 | ||||||
Techem Verwaltungsgesellschaft 675 mbH, Term Loan, 2.375%, (6 mo. EURIBOR + 2.375%), 7/15/25 | EUR | 739 | 820,445 | |||||
Tempo Acquisition, LLC, Term Loan, 3.50%, (SOFR + 3.00%, Floor 0.50%), 8/31/28 | 1,560 | 1,565,121 | ||||||
TK Elevator Topco GmbH, Term Loan, 7/29/27(11) | EUR | 500 | 560,848 | |||||
Trans Union, LLC, Term Loan, 2.75%, (1 mo. USD LIBOR + 2.25%, Floor 0.50%), 12/1/28 | 1,524 | 1,520,037 | ||||||
Vaco Holdings, LLC, Term Loan, 5.75%, (SOFR + 5.00%, Floor 0.75%), 1/21/29 | 250 | 250,625 |
7
Borrower/Description | Principal Amount* (000’s omitted) | Value | ||||||
West Corporation, Term Loan, 4.50%, (3 mo. USD LIBOR + 3.50%, Floor 1.00%), 10/10/24 | 281 | $ | 262,385 | |||||
Zephyr Bidco Limited, Term Loan, 5.019%, (SONIA + 4.75%), 7/23/25 | GBP | 700 | 930,643 | |||||
|
| |||||||
$ | 70,038,791 | |||||||
|
| |||||||
Cable and Satellite Television — 3.5% | ||||||||
Altice France S.A.: | ||||||||
Term Loan, 3.927%, (3 mo. USD LIBOR + 3.69%), 1/31/26 | 2,216 | $ | 2,206,896 | |||||
Term Loan, 4.106%, (2 mo. USD LIBOR + 4.00%), 8/14/26 | 1,616 | 1,613,049 | ||||||
Numericable Group S.A., Term Loan, 3.00%, (3 mo. EURIBOR + 3.00%), 7/31/25 | EUR | 429 | 475,328 | |||||
UPC Broadband Holding B.V.: | ||||||||
Term Loan, 2.356%, (1 mo. USD LIBOR + 2.25%), 4/30/28 | 825 | 815,424 | ||||||
Term Loan, 2.50%, (6 mo. EURIBOR + 2.50%), 4/30/29 | EUR | 725 | 802,857 | |||||
UPC Financing Partnership, Term Loan, 3.106%, (1 mo. USD LIBOR + 3.00%), 1/31/29 | 3,000 | 2,986,311 | ||||||
Virgin Media Bristol, LLC, Term Loan, 3.356%, (1 mo. USD LIBOR + 3.25%), 1/31/29 | 5,675 | 5,671,958 | ||||||
|
| |||||||
$ | 14,571,823 | |||||||
|
| |||||||
Chemicals and Plastics — 6.5% | ||||||||
Aruba Investments, Inc.: | ||||||||
Term Loan, 4.00%, (6 mo. EURIBOR + 4.00%), 11/24/27 | EUR | 496 | $ | 558,906 | ||||
Term Loan, 4.50%, (6 mo. USD LIBOR + 3.75%, Floor 0.75%), 11/24/27 | 720 | 721,370 | ||||||
Atotech B.V., Term Loan, 2.50%, (1 mo. EURIBOR + 2.50%), 3/18/28 | EUR | 325 | 364,665 | |||||
Charter NEX US, Inc., Term Loan, 4.50%, (1 mo. USD LIBOR + 3.75%, Floor 0.75%), 12/1/27 | 446 | 446,544 | ||||||
Chemours Company (The), Term Loan, 2.50%, (3 mo. EURIBOR + 2.00%, Floor 0.50%), 4/3/25 | EUR | 559 | 621,973 | |||||
CPC Acquisition Corp., Term Loan, 4.50%, (3 mo. USD LIBOR + 3.75%, Floor 0.75%), 12/29/27 | 769 | 762,457 | ||||||
Ferro Corporation: | ||||||||
Term Loan, 2.47%, (3 mo. USD LIBOR + 2.25%), 2/14/24 | 80 | 80,040 | ||||||
Term Loan, 2.47%, (3 mo. USD LIBOR + 2.25%), 2/14/24 | 82 | 81,781 | ||||||
Term Loan, 2.47%, (3 mo. USD LIBOR + 2.25%), 2/14/24 | 105 | 104,748 | ||||||
Flint Group GmbH, Term Loan, 5.25%, (USD LIBOR + 4.25%, Floor 1.00%), 9/21/23(9) | 140 | 138,859 | ||||||
Flint Group US, LLC, Term Loan, 5.25%, (USD LIBOR + 4.25%, Floor 1.00%), 9/21/23(9) | 845 | 839,985 | ||||||
Gemini HDPE, LLC, Term Loan, 3.50%, (3 mo. USD LIBOR + 3.00%, Floor 0.50%), 12/31/27 | 718 | 717,909 | ||||||
Groupe Solmax, Inc., Term Loan, 5.50%, (3 mo. USD LIBOR + 4.75%, Floor 0.75%), 5/29/28 | 1,493 | 1,499,030 | ||||||
Hexion, Inc., Term Loan, 3.72%, (3 mo. USD LIBOR + 3.50%), 7/1/26 | 707 | 708,642 | ||||||
Illuminate Buyer, LLC, Term Loan, 3.605%, (1 mo. USD LIBOR + 3.50%), 6/30/27 | 1,728 | 1,725,741 | ||||||
INEOS Enterprises Holdings II Limited, Term Loan, 3.25%, (3 mo. EURIBOR + 3.25%), 8/31/26 | EUR | 175 | 196,399 | |||||
INEOS Enterprises Holdings US Finco, LLC, Term Loan, 4.50%, (3 mo. USD LIBOR + 3.50%, Floor 1.00%), 8/28/26 | 201 | 201,962 | ||||||
INEOS Finance PLC: | ||||||||
Term Loan, 2.50%, (1 mo. EURIBOR + 2.00%, Floor 0.50%), 4/1/24 | EUR | 4 | 4,279 | |||||
Term Loan, 3.25%, (3 mo. EURIBOR + 2.75%, Floor 0.50%), 11/4/28 | EUR | 625 | 701,669 |
8
Borrower/Description | Principal Amount* (000’s omitted) | Value | ||||||
INEOS Styrolution US Holding, LLC, Term Loan, 3.25%, (1 mo. USD LIBOR + 2.75%, Floor 0.50%), 1/29/26 | 1,990 | $ | 1,988,756 | |||||
INEOS US Finance, LLC, Term Loan, 11/8/28(11) | 525 | 523,359 | ||||||
Kraton Polymers, LLC: | ||||||||
Term Loan, 11/18/28(11) | EUR | 300 | 337,709 | |||||
Term Loan, 11/18/28(11) | 400 | 399,500 | ||||||
Lonza Group AG: | ||||||||
Term Loan, 4.75%, (6 mo. USD LIBOR + 4.00%, Floor 0.75%), 7/3/28 | 2,363 | 2,364,273 | ||||||
Term Loan, 7/3/28(11) | 100 | 100,049 | ||||||
LSF11 Skyscraper Holdco S.a.r.l., Term Loan, 4.25%, (3 mo. USD LIBOR + 3.50%, Floor 0.75%), 9/29/27 | 620 | 621,100 | ||||||
Momentive Performance Materials, Inc., Term Loan, 3.36%, (1 mo. USD LIBOR + 3.25%), 5/15/24 | 414 | 414,764 | ||||||
Olympus Water US Holding Corporation, Term Loan, 4.25%, (3 mo. USD LIBOR + 3.75%, Floor 0.50%), 11/9/28 | 1,500 | 1,500,703 | ||||||
Orion Engineered Carbons GmbH, Term Loan, 2.75%, (3 mo. USD LIBOR + 2.25%, Floor 0.50%), 9/24/28 | 324 | 324,998 | ||||||
PMHC II, Inc., Term Loan, 4.50%, (USD LIBOR + 3.50%, Floor 1.00%), 3/31/25(9) | 1,558 | 1,558,322 | ||||||
Pregis TopCo Corporation, Term Loan, 4.105%, (1 mo. USD LIBOR + 4.00%), 7/31/26 | 588 | 587,908 | ||||||
Pretium PKG Holdings, Inc.: |
| |||||||
Term Loan, 4.50%, (3 mo. USD LIBOR + 4.00%, Floor 0.50%), 10/2/28 | 525 | 525,610 | ||||||
Term Loan - Second Lien, 7.25%, (3 mo. USD LIBOR + 6.75%, Floor 0.50%), 10/1/29 | 300 | 301,875 | ||||||
Rohm Holding GmbH, Term Loan, 5.269%, (6 mo. USD LIBOR + 4.75%), 7/31/26 | 1,462 | 1,464,167 | ||||||
Starfruit Finco B.V., Term Loan, 3.25%, (1 mo. EURIBOR + 3.25%), 10/1/25 | EUR | 401 | 446,679 | |||||
Venator Materials Corporation, Term Loan, 3.105%, (1 mo. USD LIBOR + 3.00%), 8/8/24 | 359 | 356,220 | ||||||
W.R. Grace & Co. -Conn., Term Loan, 4.25%, (3 mo. USD LIBOR + 3.75%, Floor 0.50%), 9/22/28 | 2,450 | 2,455,819 | ||||||
|
| |||||||
$ | 26,748,770 | |||||||
|
| |||||||
Conglomerates — 0.0%(7) |
| |||||||
Penn Engineering & Manufacturing Corp., Term Loan, 3.50%, (3 mo. USD LIBOR + 2.50%, Floor 1.00%), 6/27/24 | 166 | $ | 165,623 | |||||
|
| |||||||
$ | 165,623 | |||||||
|
| |||||||
Containers and Glass Products — 2.8% |
| |||||||
Berlin Packaging, LLC, Term Loan, 4.25%, (USD LIBOR + 3.75%, Floor 0.50%), 3/11/28(9) | 1,047 | $ | 1,047,375 | |||||
BWAY Holding Company, Term Loan, 3.354%, (1 mo. USD LIBOR + 3.25%), 4/3/24 | 2,374 | 2,354,414 | ||||||
Flex Acquisition Company, Inc., Term Loan, 4.00%, (3 mo. USD LIBOR + 3.50%, Floor 0.50%), 3/2/28 | 3,218 | 3,214,782 | ||||||
Libbey Glass, Inc., Term Loan, 11.00%, (3 mo. USD LIBOR + 10.00%, Floor 1.00%), 11/13/25 | 824 | 857,391 | ||||||
Proampac PG Borrower, LLC, Term Loan, 4.50%, (3 mo. USD LIBOR + 3.75%, Floor 0.75%), 11/3/25 | 597 | 598,369 |
9
Borrower/Description | Principal Amount* (000’s omitted) | Value | ||||||
Reynolds Group Holdings, Inc., Term Loan, 4.00%, (1 mo. USD LIBOR + 3.50%, Floor 0.50%), 9/20/28 | 2,319 | $ | 2,318,543 | |||||
TricorBraun Holdings, Inc., Term Loan, 3.75%, (1 mo. USD LIBOR + 3.25%, Floor 0.50%), 3/3/28 | 747 | 743,640 | ||||||
Trident TPI Holdings, Inc., Term Loan, 4.25%, (3 mo. USD LIBOR + 3.25%, Floor 1.00%), 10/17/24 | 529 | 529,042 | ||||||
|
| |||||||
$ | 11,663,556 | |||||||
|
| |||||||
Cosmetics/Toiletries — 0.4% |
| |||||||
Kronos Acquisition Holdings, Inc.: |
| |||||||
Term Loan, 4.25%, (3 mo. USD LIBOR + 3.75%, Floor 0.50%), 12/22/26 | 1,287 | $ | 1,251,148 | |||||
Term Loan, 7.00%, (SOFR + 6.00%, Floor 1.00%), 12/22/26 | 350 | 353,938 | ||||||
|
| |||||||
$ | 1,605,086 | |||||||
|
| |||||||
Drugs — 3.5% |
| |||||||
Akorn, Inc., Term Loan, 8.50%, (3 mo. USD LIBOR + 7.50%, Floor 1.00%), 10/1/25 | 598 | $ | 606,253 | |||||
Alkermes, Inc., Term Loan, 3.00%, (3 mo. USD LIBOR + 2.50%, Floor 0.50%), 3/12/26 | 344 | 339,512 | ||||||
Amneal Pharmaceuticals, LLC, Term Loan, 3.625%, (1 mo. USD LIBOR + 3.50%), 5/4/25 | 1,659 | 1,646,310 | ||||||
Bausch Health Companies, Inc., Term Loan, 3.105%, (1 mo. USD LIBOR + 3.00%), 6/2/25 | 2,200 | 2,198,968 | ||||||
Cambrex Corporation, Term Loan, 4.25%, (1 mo. USD LIBOR + 3.50%, Floor 0.75%), 12/4/26 | 297 | 297,408 | ||||||
Curia Global, Inc., Term Loan, 4.50%, (USD LIBOR + 3.75%, Floor 0.75%), 8/30/26(9) | 1,859 | 1,861,150 | ||||||
Jazz Financing Lux S.a.r.l., Term Loan, 4.00%, (1 mo. USD LIBOR + 3.50%, Floor 0.50%), 5/5/28 | 2,488 | 2,490,955 | ||||||
Mallinckrodt International Finance S.A.: |
| |||||||
Term Loan, 6.00%, (3 mo. USD LIBOR + 5.25%, Floor 0.75%), 9/24/24 | 1,901 | 1,787,379 | ||||||
Term Loan, 6.25%, (3 mo. USD LIBOR + 5.50%, Floor 0.75%), 2/24/25 | 2,724 | 2,558,887 | ||||||
Nidda Healthcare Holding AG, Term Loan, 3.50%, (3 mo. EURIBOR + 3.50%), 8/21/26 | EUR | 575 | 640,332 | |||||
PharmaZell GmbH, Term Loan, 6/11/27(11) | EUR | 125 | 140,923 | |||||
|
| |||||||
$ | 14,568,077 | |||||||
|
| |||||||
Ecological Services and Equipment — 1.0% |
| |||||||
EnergySolutions, LLC, Term Loan, 4.75%, (3 mo. USD LIBOR + 3.75%, Floor 1.00%), 5/9/25 | 1,701 | $ | 1,699,760 | |||||
GFL Environmental, Inc., Term Loan, 3.50%, (3 mo. USD LIBOR + 3.00%, Floor 0.50%), 5/30/25 | 50 | 49,596 | ||||||
TruGreen Limited Partnership, Term Loan, 4.75%, (1 mo. USD LIBOR + 4.00%, Floor 0.75%), 11/2/27 | 2,062 | 2,068,671 | ||||||
US Ecology Holdings, Inc., Term Loan, 2.605%, (1 mo. USD LIBOR + 2.50%), 11/1/26 | 245 | 244,923 | ||||||
|
| |||||||
$ | 4,062,950 | |||||||
|
| |||||||
Electronics/Electrical — 30.3% |
| |||||||
Allegro Microsystems, Inc., Term Loan, 4.25%, (3 mo. USD LIBOR + 3.75%, Floor 0.50%), 9/30/27 | 44 | $ | 44,231 | |||||
Altar Bidco, Inc.: |
| |||||||
Term Loan, 2/1/29(11) | 1,075 | 1,075,000 | ||||||
Term Loan - Second Lien, 2/1/30(11) | 450 | 453,375 |
10
Borrower/Description | Principal Amount* (000’s omitted) | Value | ||||||
Applied Systems, Inc., Term Loan - Second Lien, 6.25%, (3 mo. USD LIBOR + 5.50%, Floor 0.75%), 9/19/25 | 2,424 | $ | 2,449,593 | |||||
Aptean, Inc., Term Loan, 4.355%, (1 mo. USD LIBOR + 4.25%), 4/23/26 | 2,095 | 2,091,997 | ||||||
AQA Acquisition Holding, Inc., Term Loan, 4.75%, (3 mo. USD LIBOR + 4.25%, Floor 0.50%), 3/3/28 | 896 | 898,485 | ||||||
Astra Acquisition Corp.: |
| |||||||
Term Loan, 5.75%, (1 mo. USD LIBOR + 5.25%, Floor 0.50%), 10/25/28 | 1,550 | 1,535,469 | ||||||
Term Loan - Second Lien, 9.625%, (1 mo. USD LIBOR + 8.875%, Floor 0.75%), 10/22/29 | 1,425 | 1,421,438 | ||||||
Banff Merger Sub, Inc.: |
| |||||||
Term Loan, 3.974%, (3 mo. USD LIBOR + 3.75%), 10/2/25 | 3,456 | 3,445,687 | ||||||
Term Loan, 4.00%, (3 mo. EURIBOR + 4.00%), 10/2/25 | EUR | 267 | 300,756 | |||||
Term Loan - Second Lien, 6.00%, (3 mo. USD LIBOR + 5.50%, Floor 0.50%), 2/27/26 | 750 | 756,329 | ||||||
Barracuda Networks, Inc., Term Loan - Second Lien, 7.50%, (3 mo. USD LIBOR + 6.75%, Floor 0.75%), 10/30/28 | 425 | 429,250 | ||||||
Buzz Merger Sub, Ltd., Term Loan, 2.855%, (1 mo. USD LIBOR + 2.75%), 1/29/27 | 540 | 539,531 | ||||||
CentralSquare Technologies, LLC, Term Loan, 3.974%, (3 mo. USD LIBOR + 3.75%), 8/29/25 | 800 | 766,096 | ||||||
Chamberlain Group, Inc., Term Loan, 4.00%, (1 mo. USD LIBOR + 3.50%, Floor 0.50%), 11/3/28 | 1,325 | 1,324,172 | ||||||
Cloudera, Inc.: |
| |||||||
Term Loan, 4.25%, (1 mo. USD LIBOR + 3.75%, Floor 0.50%), 10/8/28 | 2,350 | 2,342,656 | ||||||
Term Loan - Second Lien, 6.50%, (1 mo. USD LIBOR + 6.00%, Floor 0.50%), 10/8/29 | 650 | 651,625 | ||||||
Cohu, Inc., Term Loan, 3.519%, (6 mo. USD LIBOR + 3.00%), 10/1/25 | 228 | 228,014 | ||||||
Concorde Midco, Ltd., Term Loan, 4.00%, (6 mo. EURIBOR + 4.00%), 3/1/28 | EUR | 525 | 591,470 | |||||
ConnectWise, LLC, Term Loan, 4.00%, (3 mo. USD LIBOR + 3.50%, Floor 0.50%), 9/29/28 | 2,000 | 1,999,464 | ||||||
Constant Contact, Inc., Term Loan, 4.75%, (3 mo. USD LIBOR + 4.00%, Floor 0.75%), 2/10/28 | 1,868 | 1,865,858 | ||||||
Cornerstone OnDemand, Inc., Term Loan, 4.25%, (6 mo. USD LIBOR + 3.75%, Floor 0.50%), 10/16/28 | 1,150 | 1,149,641 | ||||||
CPI International, Inc., Term Loan, 4.25%, (1 mo. USD LIBOR + 3.25%, Floor 1.00%), 7/26/24 | 590 | 590,641 | ||||||
Creation Technologies, Inc., Term Loan, 6.00%, (3 mo. USD LIBOR + 5.50%, Floor 0.50%), 10/5/28 | 850 | 851,063 | ||||||
Delta TopCo, Inc.: |
| |||||||
Term Loan, 4.50%, (6 mo. USD LIBOR + 3.75%, Floor 0.75%), 12/1/27 | 1,430 | 1,431,188 | ||||||
Term Loan - Second Lien, 8.00%, (6 mo. USD LIBOR + 7.25%, Floor 0.75%), 12/1/28 | 2,025 | 2,045,250 | ||||||
DG Investment Intermediate Holdings 2, Inc., Term Loan, 4.25%, (1 mo. USD LIBOR + 3.50%, Floor 0.75%), 3/31/28 | 995 | 997,132 | ||||||
Digi International, Inc., Term Loan, 11/1/28(11) | 475 | 475,594 | ||||||
E2open, LLC, Term Loan, 4.00%, (3 mo. USD LIBOR + 3.50%, Floor 0.50%), 2/4/28 | 871 | 874,028 | ||||||
ECI Macola Max Holding, LLC, Term Loan, 4.50%, (3 mo. USD LIBOR + 3.75%, Floor 0.75%), 11/9/27 | 1,288 | 1,290,553 | ||||||
Electro Rent Corporation, Term Loan, 6.00%, (3 mo. USD LIBOR + 5.00%, Floor 1.00%), 1/31/24 | 1,579 | 1,580,980 |
11
Borrower/Description | Principal Amount* (000’s omitted) | Value | ||||||
Epicor Software Corporation: |
| |||||||
Term Loan, 4.00%, (1 mo. USD LIBOR + 3.25%, Floor 0.75%), 7/30/27 | 2,268 | $ | 2,265,115 | |||||
Term Loan - Second Lien, 8.75%, (1 mo. USD LIBOR + 7.75%, Floor 1.00%), 7/31/28 | 850 | 871,675 | ||||||
EXC Holdings III Corp., Term Loan, 4.50%, (3 mo. USD LIBOR + 3.50%, Floor 1.00%), 12/2/24 | 456 | 457,140 | ||||||
Finastra USA, Inc., Term Loan, 4.50%, (6 mo. USD LIBOR + 3.50%, Floor 1.00%), 6/13/24 | 4,683 | 4,672,700 | ||||||
Gainwell Acquisition Corp., Term Loan, 4.75%, (3 mo. USD LIBOR + 4.00%, Floor 0.75%), 10/1/27 | 3,883 | 3,897,993 | ||||||
GoTo Group, Inc., Term Loan, 4.856%, (1 mo. USD LIBOR + 4.75%), 8/31/27 | 1,856 | 1,844,648 | ||||||
Hyland Software, Inc., Term Loan - Second Lien, 7.00%, (1 mo. USD LIBOR + 6.25%, Floor 0.75%), 7/7/25 | 3,630 | 3,662,895 | ||||||
II-VI Incorporated, Term Loan, 12/1/28(11) | 850 | 850,265 | ||||||
Imperva, Inc., Term Loan, 5.00%, (3 mo. USD LIBOR + 4.00%, Floor 1.00%), 1/12/26 | 2,333 | 2,335,353 | ||||||
Imprivata, Inc., Term Loan, 4.00%, (3 mo. USD LIBOR + 3.50%, Floor 0.50%), 12/1/27 | 2,167 | 2,166,598 | ||||||
Informatica, LLC, Term Loan, 2.875%, (1 mo. USD LIBOR + 2.75%), 10/27/28 | 2,275 | 2,270,261 | ||||||
MA FinanceCo., LLC: |
| |||||||
Term Loan, 4.50%, (3 mo. EURIBOR + 4.50%), 6/5/25 | EUR | 674 | 760,354 | |||||
Term Loan, 5.25%, (3 mo. USD LIBOR + 4.25%, Floor 1.00%), 6/5/25 | 1,684 | 1,686,480 | ||||||
Magenta Buyer, LLC: |
| |||||||
Term Loan, 5.75%, (3 mo. USD LIBOR + 5.00%, Floor 0.75%), 7/27/28 | 4,264 | 4,264,312 | ||||||
Term Loan - Second Lien, 9.00%, (3 mo. USD LIBOR + 8.25%, Floor 0.75%), 7/27/29 | 1,150 | 1,144,250 | ||||||
Marcel LUX IV S.a.r.l., Term Loan, 4.75%, (1 mo. USD LIBOR + 4.00%, Floor 0.75%), 12/31/27 | 100 | 100,614 | ||||||
Mavenir Systems, Inc., Term Loan, 5.25%, (3 mo. USD LIBOR + 4.75%, Floor 0.50%), 8/18/28 | 325 | 325,406 | ||||||
Mediaocean, LLC, Term Loan, 4.00%, (1 mo. USD LIBOR + 3.50%, Floor 0.50%), 12/15/28 | 550 | 551,146 | ||||||
MH Sub I, LLC, Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), 9/13/24 | 324 | 324,245 | ||||||
Mirion Technologies, Inc., Term Loan, 3.25%, (6 mo. USD LIBOR + 2.75%, Floor 0.50%), 10/20/28 | 599 | 596,779 | ||||||
MKS Instruments, Inc., Term Loan, 10/21/28(11) | EUR | 350 | 394,682 | |||||
Panther Commercial Holdings L.P., Term Loan, 5.00%, (3 mo. USD LIBOR + 4.50%, Floor 0.50%), 1/7/28 | 896 | 897,430 | ||||||
PointClickCare Technologies, Inc., Term Loan, 3.75%, (6 mo. USD LIBOR + 3.00%, Floor 0.75%), 12/29/27 | 620 | 621,088 | ||||||
Polaris Newco, LLC, Term Loan, 4.50%, (3 mo. USD LIBOR + 4.00%, Floor 0.50%), 6/2/28 | 2,668 | 2,670,890 | ||||||
Proofpoint, Inc., Term Loan, 3.75%, (3 mo. USD LIBOR + 3.25%, Floor 0.50%), 8/31/28 | 3,000 | 2,986,458 | ||||||
Rackspace Technology Global, Inc., Term Loan, 3.50%, (2 mo. USD LIBOR + 2.75%, Floor 0.75%), 2/15/28 | 2,995 | 2,969,002 | ||||||
RealPage, Inc., Term Loan, 3.75%, (1 mo. USD LIBOR + 3.25%, Floor 0.50%), 4/24/28 | 4,638 | 4,619,372 | ||||||
Recorded Books, Inc., Term Loan, 4.113%, (1 mo. USD LIBOR + 4.00%), 8/29/25 | 2,280 | 2,281,425 | ||||||
Redstone Holdco 2 L.P., Term Loan, 5.50%, (3 mo. USD LIBOR + 4.75%, Floor 0.75%), 4/27/28 | 2,244 | 2,091,477 |
12
Borrower/Description | Principal Amount* (000’s omitted) | Value | ||||||
Renaissance Holding Corp., Term Loan - Second Lien, 7.105%, (1 mo. USD LIBOR + 7.00%), 5/29/26 | 175 | $ | 175,802 | |||||
Seattle Spinco, Inc., Term Loan, 2.855%, (1 mo. USD LIBOR + 2.75%), 6/21/24 | 2,089 | 2,072,228 | ||||||
Sophia L.P., Term Loan, 4.00%, (3 mo. USD LIBOR + 3.50%, Floor 0.50%), 10/7/27 | 4,202 | 4,206,986 | ||||||
Sovos Compliance, LLC: |
| |||||||
Term Loan, 4.50%, 8/11/28(10) | 85 | 85,219 | ||||||
Term Loan, 5.00%, (1 mo. USD LIBOR + 4.50%, Floor 0.50%), 8/11/28 | 490 | 493,478 | ||||||
SurveyMonkey, Inc., Term Loan, 3.86%, (1 mo. USD LIBOR + 3.75%), 10/10/25 | 1,011 | 1,007,878 | ||||||
Symplr Software, Inc., Term Loan, 5.25%, (3 mo. USD LIBOR + 4.50%, Floor 0.75%), 12/22/27 | 794 | 796,564 | ||||||
Tibco Software, Inc.: |
| |||||||
Term Loan, 3.86%, (1 mo. USD LIBOR + 3.75%), 6/30/26 | 2,463 | 2,462,295 | ||||||
Term Loan - Second Lien, 7.36%, (1 mo. USD LIBOR + 7.25%), 3/3/28 | 1,250 | 1,257,188 | ||||||
TTM Technologies, Inc., Term Loan, 2.602%, (1 mo. USD LIBOR + 2.50%), 9/28/24 | 139 | 139,226 | ||||||
Turing Midco, LLC, Term Loan, 3.50%, (1 mo. USD LIBOR + 3.00%, Floor 0.50%), 3/23/28 | 303 | 303,373 | ||||||
Uber Technologies, Inc.: |
| |||||||
Term Loan, 3.605%, (1 mo. USD LIBOR + 3.50%), 4/4/25 | 4,953 | 4,950,616 | ||||||
Term Loan, 3.605%, (1 mo. USD LIBOR + 3.50%), 2/25/27 | 5 | 5,012 | ||||||
Ultimate Software Group, Inc. (The): |
| |||||||
Term Loan, 3.75%, (3 mo. USD LIBOR + 3.25%, Floor 0.50%), 5/4/26 | 4,233 | 4,227,845 | ||||||
Term Loan, 3.855%, (1 mo. USD LIBOR + 3.75%), 5/4/26 | 1,562 | 1,561,523 | ||||||
Ultra Clean Holdings, Inc., Term Loan, 3.855%, (1 mo. USD LIBOR + 3.75%), 8/27/25 | 1,156 | 1,158,272 | ||||||
Valkyr Purchaser, LLC, Term Loan, 4.75%, (3 mo. USD LIBOR + 4.00%, Floor 0.75%), 11/5/27 | 744 | 746,701 | ||||||
Verifone Systems, Inc., Term Loan, 4.178%, (3 mo. USD LIBOR + 4.00%), 8/20/25 | 1,114 | 1,105,586 | ||||||
Verisure Holding AB: |
| |||||||
Term Loan, 3.25%, (6 mo. EURIBOR + 3.25%), 7/20/26 | EUR | 300 | 335,087 | |||||
Term Loan, 3.25%, (6 mo. EURIBOR + 3.25%), 3/27/28 | EUR | 775 | 865,015 | |||||
Veritas US, Inc.: |
| |||||||
Term Loan, 5.75%, (3 mo. EURIBOR + 4.75%, Floor 1.00%), 9/1/25 | EUR | 321 | 362,414 | |||||
Term Loan, 6.00%, (3 mo. USD LIBOR + 5.00%, Floor 1.00%), 9/1/25 | 2,494 | 2,496,617 | ||||||
Vision Solutions, Inc., Term Loan, 4.75%, (3 mo. USD LIBOR + 4.00%, Floor 0.75%), 4/24/28 | 2,394 | 2,393,253 | ||||||
VS Buyer, LLC, Term Loan, 3.105%, (1 mo. USD LIBOR + 3.00%), 2/28/27 | 1,105 | 1,103,240 | ||||||
|
| |||||||
$ | 125,388,037 | |||||||
|
| |||||||
Equipment Leasing — 0.8% |
| |||||||
Boels Topholding B.V., Term Loan, 3.25%, (3 mo. EURIBOR + 3.25%), 2/6/27 | EUR | 575 | $ | 643,522 | ||||
Fly Funding II S.a.r.l., Term Loan, 7.00%, (3 mo. USD LIBOR + 6.00%, Floor 1.00%), 10/8/25 | 1,080 | 1,083,513 | ||||||
PECF USS Intermediate Holding III Corporation, Term Loan, 4.75%, (1 mo. USD LIBOR + 4.25%, Floor 0.50%), 12/15/28 | 1,525 | 1,528,495 | ||||||
|
| |||||||
$ | 3,255,530 | |||||||
|
|
13
Borrower/Description | Principal Amount* (000’s omitted) | Value | ||||||
Financial Intermediaries — 4.8% |
| |||||||
AllSpring Buyer, LLC, Term Loan, 11/1/28(11) | 1,353 | $ | 1,355,239 | |||||
Aretec Group, Inc., Term Loan, 4.355%, (1 mo. USD LIBOR + 4.25%), 10/1/25 | 3,281 | 3,283,085 | ||||||
CoreLogic, Inc., Term Loan, 4.00%, (1 mo. USD LIBOR + 3.50%, Floor 0.50%), 6/2/28 | 2,880 | 2,870,079 | ||||||
Edelman Financial Center, LLC, Term Loan, 4.25%, (1 mo. USD LIBOR + 3.50%, Floor 0.75%), 4/7/28 | 2,490 | 2,487,036 | ||||||
EIG Management Company, LLC, Term Loan, 4.50%, (1 mo. USD LIBOR + 3.75%, Floor 0.75%), 2/22/25 | 241 | 240,324 | ||||||
Focus Financial Partners, LLC: |
| |||||||
Term Loan, 3.00%, (1 mo. USD LIBOR + 2.50%, Floor 0.50%), 6/24/28 | 561 | 559,938 | ||||||
Term Loan, 3.00%, (1 mo. USD LIBOR + 2.50%, Floor 0.50%), 6/30/28 | 2,425 | 2,420,331 | ||||||
GreenSky Holdings, LLC: |
| |||||||
Term Loan, 3.375%, (1 mo. USD LIBOR + 3.25%), 3/31/25 | 1,323 | 1,324,265 | ||||||
Term Loan, 5.50%, (1 mo. USD LIBOR + 4.50%, Floor 1.00%), 3/29/25 | 468 | 468,752 | ||||||
Guggenheim Partners, LLC, Term Loan, 3.50%, (1 mo. USD LIBOR + 2.75%, Floor 0.75%), 7/21/23 | 983 | 982,592 | ||||||
KKR Apple Bidco, LLC, Term Loan, 3.50%, (1 mo. USD LIBOR + 3.00%, Floor 0.50%), 9/23/28 | 1,650 | 1,648,452 | ||||||
Mariner Wealth Advisors, LLC: |
| |||||||
Term Loan, 3.45%, (3 mo. USD LIBOR + 3.25%, Floor 0.50%), 8/18/28(10) | 178 | 177,724 | ||||||
Term Loan, 3.75%, (3 mo. USD LIBOR + 3.25%, Floor 0.50%), 8/18/28 | 1,244 | 1,242,203 | ||||||
Victory Capital Holdings, Inc., Term Loan, 2.466%, (3 mo. USD LIBOR + 2.25%), 7/1/26 | 857 | 851,617 | ||||||
|
| |||||||
$ | 19,911,637 | |||||||
|
| |||||||
Food Products — 1.0% |
| |||||||
8th Avenue Food & Provisions, Inc., Term Loan, 5.75%, (1 mo. USD LIBOR + 4.75%, Floor 1.00%), 10/1/25 | 499 | $ | 486,282 | |||||
Alltech, Inc., Term Loan, 4.50%, (1 mo. USD LIBOR + 4.00%, Floor 0.50%), 10/13/28 | 400 | 400,750 | ||||||
Badger Buyer Corp., Term Loan, 4.50%, (1 mo. USD LIBOR + 3.50%, Floor 1.00%), 9/30/24 | 335 | 298,261 | ||||||
CHG PPC Parent, LLC, Term Loan, 3.50%, (1 mo. USD LIBOR + 3.00%, Floor 0.50%), 12/8/28 | 400 | 401,500 | ||||||
HLF Financing S.a.r.l., Term Loan, 2.605%, (1 mo. USD LIBOR + 2.50%), 8/18/25 | 640 | 638,787 | ||||||
Monogram Food Solutions, LLC, Term Loan, 4.50%, (1 mo. USD LIBOR + 4.00%, Floor 0.50%), 8/28/28 | 450 | 450,000 | ||||||
Shearer’s Foods, Inc., Term Loan, 4.25%, (1 mo. USD LIBOR + 3.50%, Floor 0.75%), 9/23/27 | 395 | 394,434 | ||||||
Simply Good Foods USA, Inc., Term Loan, 3.75%, (1 mo. USD LIBOR + 3.25%, Floor 0.50%), 7/7/24 | 247 | 247,856 | ||||||
United Petfood Group B.V., Term Loan, 3.25%, (6 mo. EURIBOR + 3.25%), 4/23/28 | EUR | 700 | 781,172 | |||||
UTZ Quality Foods, LLC, Term Loan, 3.105%, (1 mo. USD LIBOR + 3.00%), 1/20/28 | 149 | 148,199 | ||||||
|
| |||||||
$ | 4,247,241 | |||||||
|
|
14
Borrower/Description | Principal Amount* (000’s omitted) | Value | ||||||
Food Service — 1.3% |
| |||||||
AI Aqua Merger Sub, Inc.: |
| |||||||
Term Loan, 7/31/28(11) | 196 | $ | 196,167 | |||||
Term Loan, 7/31/28(11) | 2,004 | 2,010,708 | ||||||
IRB Holding Corp.: |
| |||||||
Term Loan, 4.25%, (3 mo. USD LIBOR + 3.25%, Floor 1.00%), 12/15/27 | 2,426 | 2,425,500 | ||||||
Term Loan, 12/15/27(11) | 50 | 49,985 | ||||||
Sovos Brands Intermediate, Inc., Term Loan, 4.50%, (3 mo. USD LIBOR + 3.75%, Floor 0.75%), 6/8/28 | 560 | 561,125 | ||||||
|
| |||||||
$ | 5,243,485 | |||||||
|
| |||||||
Food/Drug Retailers — 0.2% |
| |||||||
L1R HB Finance Limited: |
| |||||||
Term Loan, 4.25%, (3 mo. EURIBOR + 4.25%), 9/2/24 | EUR | 400 | $ | 412,175 | ||||
Term Loan, 5.475%, (SONIA + 5.25%), 9/2/24 | GBP | 400 | 490,284 | |||||
|
| |||||||
$ | 902,459 | |||||||
|
| |||||||
Forest Products — 0.3% |
| |||||||
Journey Personal Care Corp., Term Loan, 5.00%, (3 mo. USD LIBOR + 4.25%, Floor 0.75%), 3/1/28 | 1,169 | $ | 1,167,664 | |||||
|
| |||||||
$ | 1,167,664 | |||||||
|
| |||||||
Health Care — 12.1% |
| |||||||
Accelerated Health Systems, LLC, Term Loan, 3.605%, (1 mo. USD LIBOR + 3.50%), 10/31/25 | 509 | $ | 508,613 | |||||
AEA International Holdings (Lux) S.a.r.l., Term Loan, 4.25%, (3 mo. USD LIBOR + 3.75%, Floor 0.50%), 9/7/28 | 875 | 876,094 | ||||||
athenahealth, Inc., Term Loan, 4.40%, (3 mo. USD LIBOR + 4.25%), 2/11/26 | 3,868 | 3,866,389 | ||||||
Bayou Intermediate II, LLC, Term Loan, 5.25%, (3 mo. USD LIBOR + 4.50%, Floor 0.75%), 8/2/28 | 800 | 801,000 | ||||||
Biogroup-LCD, Term Loan, 3.00%, (6 mo. EURIBOR + 3.00%), 1/28/28 | EUR | 225 | 249,266 | |||||
BW NHHC Holdco, Inc., Term Loan, 5.16%, (3 mo. USD LIBOR + 5.00%), 5/15/25 | 2,162 | 1,838,937 | ||||||
Cano Health, LLC, Term Loan, 4.50%, (SOFR + 4.00%, Floor 0.50%), 11/23/27 | 2,495 | 2,498,053 | ||||||
CCRR Parent, Inc., Term Loan, 4.50%, (3 mo. USD LIBOR + 3.75%, Floor 0.75%), 3/6/28 | 571 | 573,739 | ||||||
Cerba Healthcare S.A.S., Term Loan, 3.75%, (3 mo. EURIBOR + 3.75%), 6/30/28 | EUR | 450 | 505,652 | |||||
Certara L.P., Term Loan, 3.605%, (1 mo. USD LIBOR + 3.50%), 8/15/26 | 957 | 956,676 | ||||||
CHG Healthcare Services, Inc., Term Loan, 4.00%, (3 mo. USD LIBOR + 3.50%, Floor 0.50%), 9/29/28 | 923 | 925,110 | ||||||
CryoLife, Inc., Term Loan, 4.50%, (3 mo. USD LIBOR + 3.50%, Floor 1.00%), 6/1/27 | 480 | 480,600 | ||||||
Electron BidCo, Inc., Term Loan, 3.75%, (3 mo. USD LIBOR + 3.25%, Floor 0.50%), 11/1/28 | 675 | 674,842 | ||||||
Envision Healthcare Corporation, Term Loan, 3.855%, (1 mo. USD LIBOR + 3.75%), 10/10/25 | 2,726 | 2,118,865 | ||||||
eResearchTechnology, Inc., Term Loan, 5.50%, (1 mo. USD LIBOR + 4.50%, Floor 1.00%), 2/4/27 | 323 | 323,804 | ||||||
GHX Ultimate Parent Corporation, Term Loan, 4.25%, (3 mo. USD LIBOR + 3.25%, Floor 1.00%), 6/28/24 | 862 | 861,698 | ||||||
Hanger, Inc., Term Loan, 3.605%, (1 mo. USD LIBOR + 3.50%), 3/6/25 | 1,011 | 1,009,993 |
15
Borrower/Description | Principal Amount* (000’s omitted) | Value | ||||||
IVC Acquisition Ltd., Term Loan, 4.00%, (1 mo. EURIBOR + 4.00%), 2/13/26 | EUR | 1,325 | $ | 1,491,629 | ||||
LSCS Holdings, Inc., Term Loan, 5.00%, (3 mo. USD LIBOR + 4.50%, Floor 0.50%), 12/18/28 | 625 | 627,539 | ||||||
MDVIP, Inc., Term Loan, 4.25%, (1 mo. USD LIBOR + 3.75%, Floor 0.50%), 10/16/28 | 250 | 250,260 | ||||||
Medical Solutions, LLC: |
| |||||||
Term Loan, 3.50%, 11/1/28(10) | 200 | 200,054 | ||||||
Term Loan, 4.00%, (6 mo. USD LIBOR + 3.50%, Floor 0.50%), 11/1/28 | 1,050 | 1,050,281 | ||||||
Medline Borrower, L.P., Term Loan, 10/23/28(11) | 2,500 | 2,492,970 | ||||||
Midwest Physician Administrative Services, LLC, Term Loan, 4.00%, (3 mo. USD LIBOR + 3.25%, Floor 0.75%), 3/12/28 | 521 | 519,630 | ||||||
MJH Healthcare Holdings, LLC, Term Loan, 1/28/29(11) | 250 | 249,531 | ||||||
National Mentor Holdings, Inc.: |
| |||||||
Term Loan, 3.75%, 3/2/28(10) | 89 | 87,861 | ||||||
Term Loan, 4.50%, (3 mo. USD LIBOR + 3.75%, Floor 0.75%), 3/2/28 | 60 | 59,607 | ||||||
Term Loan, 4.50%, (USD LIBOR + 3.75%, Floor 0.75%), 3/2/28(9) | 2,101 | 2,081,313 | ||||||
Navicure, Inc., Term Loan, 4.105%, (1 mo. USD LIBOR + 4.00%), 10/22/26 | 1,413 | 1,413,693 | ||||||
Option Care Health, Inc., Term Loan, 3.25%, (1 mo. USD LIBOR + 2.75%, Floor 0.50%), 10/27/28 | 350 | 350,146 | ||||||
Ortho-Clinical Diagnostics S.A., Term Loan, 3.50%, (3 mo. EURIBOR + 3.50%), 6/30/25 | EUR | 350 | 393,677 | |||||
Pacific Dental Services, LLC, Term Loan, 4.00%, (1 mo. USD LIBOR + 3.25%, Floor 0.75%), 5/5/28 | 547 | 548,105 | ||||||
Pearl Intermediate Parent, LLC, Term Loan - Second Lien, 6.355%, (1 mo. USD LIBOR + 6.25%), 2/13/26 | 150 | 150,938 | ||||||
PetVet Care Centers, LLC, Term Loan, 4.25%, (1 mo. USD LIBOR + 3.50%, Floor 0.75%), 2/14/25 | 298 | 297,983 | ||||||
Phoenix Guarantor, Inc.: |
| |||||||
Term Loan, 3.355%, (1 mo. USD LIBOR + 3.25%), 3/5/26 | 2,985 | 2,972,513 | ||||||
Term Loan, 3.604%, (1 mo. USD LIBOR + 3.50%), 3/5/26 | 1,443 | 1,436,807 | ||||||
Project Ruby Ultimate Parent Corp., Term Loan, 4.00%, (1 mo. USD LIBOR + 3.25%, Floor 0.75%), 3/3/28 | 1,117 | 1,114,768 | ||||||
Radiology Partners, Inc., Term Loan, 4.355%, (1 mo. USD LIBOR + 4.25%), 7/9/25 | 1,213 | 1,201,191 | ||||||
Radnet Management, Inc., Term Loan, 3.754%, (USD LIBOR + 3.00%, Floor 0.75%), 4/21/28(9) | 2,488 | 2,486,724 | ||||||
Sotera Health Holdings, LLC, Term Loan, 3.25%, (3 mo. USD LIBOR + 2.75%, Floor 0.50%), 12/11/26 | 625 | 624,121 | ||||||
Sound Inpatient Physicians, Term Loan, 2.855%, (1 mo. USD LIBOR + 2.75%), 6/27/25 | 434 | 432,486 | ||||||
Sunshine Luxembourg VII S.a.r.l., Term Loan, 4.50%, (3 mo. USD LIBOR + 3.75%, Floor 0.75%), 10/1/26 | 1,141 | 1,147,388 | ||||||
Surgery Center Holdings, Inc., Term Loan, 4.50%, (1 mo. USD LIBOR + 3.75%, Floor 0.75%), 8/31/26 | 2,463 | 2,463,362 | ||||||
Synlab Bondco PLC, Term Loan, 2.50%, (6 mo. EURIBOR + 2.50%), 7/1/27 | EUR | 300 | 335,624 | |||||
Team Health Holdings, Inc., Term Loan, 3.75%, (1 mo. USD LIBOR + 2.75%, Floor 1.00%), 2/6/24 | 1,825 | 1,758,806 | ||||||
U.S. Anesthesia Partners, Inc., Term Loan, 4.75%, (6 mo. USD LIBOR + 4.25%, Floor 0.50%), 10/1/28 | 923 | 921,726 | ||||||
Verscend Holding Corp., Term Loan, 4.105%, (1 mo. USD LIBOR + 4.00%), 8/27/25 | 1,465 | 1,466,453 | ||||||
WP CityMD Bidco, LLC, Term Loan, 3.75%, (6 mo. USD LIBOR + 3.25%, Floor 0.50%), 12/22/28 | 575 | 575,154 | ||||||
|
| |||||||
$ | 50,271,671 | |||||||
|
|
16
Borrower/Description | Principal Amount* (000’s omitted) | Value | ||||||
Home Furnishings — 2.1% |
| |||||||
ACProducts, Inc., Term Loan, 4.75%, (6 mo. USD LIBOR + 4.25%, Floor 0.50%), 5/17/28 | 1,940 | $ | 1,932,671 | |||||
Conair Holdings, LLC, Term Loan, 4.25%, (3 mo. USD LIBOR + 3.75%, Floor 0.50%), 5/17/28 | 2,195 | 2,196,100 | ||||||
Mattress Firm, Inc., Term Loan, 5.00%, (6 mo. USD LIBOR + 4.25%, Floor 0.75%), 9/25/28 | 1,047 | 1,047,637 | ||||||
Serta Simmons Bedding, LLC: |
| |||||||
Term Loan, 8.50%, (1 mo. USD LIBOR + 7.50%, Floor 1.00%), 8/10/23 | 1,058 | 1,069,319 | ||||||
Term Loan - Second Lien, 8.50%, (1 mo. USD LIBOR + 7.50%, Floor 1.00%), 8/10/23 | 2,444 | 2,343,000 | ||||||
|
| |||||||
$ | 8,588,727 | |||||||
|
| |||||||
Industrial Equipment — 6.5% |
| |||||||
Albion Financing 3 S.a.r.l., Term Loan, 5.75%, (3 mo. USD LIBOR + 5.25%, Floor 0.50%), 8/17/26 | 1,350 | $ | 1,349,579 | |||||
Alliance Laundry Systems, LLC, Term Loan, 4.25%, (3 mo. USD LIBOR + 3.50%, Floor 0.75%), 10/8/27 | 2,121 | 2,124,887 | ||||||
American Trailer World Corp., Term Loan, 4.50%, (1 mo. USD LIBOR + 3.75%, Floor 0.75%), 3/3/28 | 597 | 595,756 | ||||||
Apex Tool Group, LLC, Term Loan, 6.75%, (1 mo. USD LIBOR + 5.50%, Floor 1.25%), 8/1/24 | 2,649 | 2,643,884 | ||||||
CPM Holdings, Inc., Term Loan, 3.606%, (1 mo. USD LIBOR + 3.50%), 11/17/25 | 1,990 | 1,984,518 | ||||||
Delachaux Group S.A.: |
| |||||||
Term Loan, 3.75%, (3 mo. EURIBOR + 3.75%), 4/16/26 | EUR | 332 | 373,324 | |||||
Term Loan, 4.799%, (3 mo. USD LIBOR + 4.50%), 4/16/26 | 425 | 423,921 | ||||||
DexKo Global, Inc.: |
| |||||||
Term Loan, 3.878%, (3 mo. USD LIBOR + 3.75%, Floor 0.50%), 10/4/28(10) | 112 | 112,035 | ||||||
Term Loan, 4.00%, (3 mo. EURIBOR + 4.00%), 10/4/28 | EUR | 240 | 269,317 | |||||
Term Loan, 4.00%, (3 mo. EURIBOR + 4.00%), 10/4/28 | EUR | 461 | 517,890 | |||||
Term Loan, 4.00%, 10/4/28(10) | EUR | 74 | 83,331 | |||||
Term Loan, 4.25%, (3 mo. USD LIBOR + 3.75%, Floor 0.50%), 10/4/28 | 588 | 588,183 | ||||||
DXP Enterprises, Inc., Term Loan, 5.75%, (1 mo. USD LIBOR + 4.75%, Floor 1.00%), 12/16/27 | 619 | 617,783 | ||||||
Dynacast International, LLC, Term Loan, 10.25%, (3 mo. USD LIBOR + 9.25%, Floor 1.00%), 10/22/25 | 335 | 341,300 | ||||||
Engineered Machinery Holdings, Inc., Term Loan, 4.50%, (3 mo. USD LIBOR + 3.75%, Floor 0.75%), 5/19/28 | 2,718 | 2,727,184 | ||||||
Filtration Group Corporation: |
| |||||||
Term Loan, 3.50%, (3 mo. EURIBOR + 3.50%), 3/29/25 | EUR | 361 | 404,331 | |||||
Term Loan, 4.00%, (1 mo. USD LIBOR + 3.50%, Floor 0.50%), 10/21/28 | 648 | 648,713 | ||||||
GrafTech Finance, Inc., Term Loan, 3.50%, (1 mo. USD LIBOR + 3.00%, Floor 0.50%), 2/12/25 | 1,646 | 1,647,624 | ||||||
Granite Holdings US Acquisition Co., Term Loan, 4.224%, (3 mo. USD LIBOR + 4.00%), 9/30/26 | 1,314 | 1,312,523 | ||||||
LTI Holdings, Inc.: |
| |||||||
Term Loan, 4.855%, (1 mo. USD LIBOR + 4.75%), 7/24/26 | 206 | 206,250 | ||||||
Term Loan, 4.855%, (1 mo. USD LIBOR + 4.75%), 7/24/26 | 342 | 342,031 | ||||||
Madison IAQ, LLC, Term Loan, 3.75%, (6 mo. USD LIBOR + 3.25%, Floor 0.50%), 6/21/28 | 2,481 | 2,475,321 | ||||||
Robertshaw US Holding Corp., Term Loan, 4.50%, (USD LIBOR + 3.50%, Floor 1.00%), 2/28/25(9) | 938 | 887,762 |
17
Borrower/Description | Principal Amount* (000’s omitted) | Value | ||||||
Tiger Acquisition, LLC, Term Loan, 3.75%, (3 mo. USD LIBOR + 3.25%, Floor 0.50%), 6/1/28 | 547 | $ | 542,804 | |||||
Titan Acquisition Limited, Term Loan, 3.354%, (6 mo. USD LIBOR + 3.00%), 3/28/25 | 1,995 | 1,970,715 | ||||||
Vertical US Newco, Inc., Term Loan, 4.00%, (6 mo. USD LIBOR + 3.50%, Floor 0.50%), 7/30/27 | 1,210 | 1,211,493 | ||||||
Zephyr German BidCo GmbH, Term Loan, 3.65%, (3 mo. EURIBOR + 3.65%), 3/10/28 | EUR | 600 | 674,439 | |||||
|
| |||||||
$ | 27,076,898 | �� | ||||||
|
| |||||||
Insurance — 5.7% |
| |||||||
Alliant Holdings Intermediate, LLC, Term Loan, 3.355%, (1 mo. USD LIBOR + 3.25%), 5/9/25 | 2,258 | $ | 2,241,080 | |||||
AssuredPartners, Inc.: |
| |||||||
Term Loan, 3.605%, (1 mo. USD LIBOR + 3.50%), 2/12/27 | 1,393 | 1,386,146 | ||||||
Term Loan, 4.00%, (1 mo. USD LIBOR + 3.50%, Floor 0.50%), 2/12/27 | 1,393 | 1,392,138 | ||||||
Asurion, LLC: |
| |||||||
Term Loan, 3.23%, (1 mo. USD LIBOR + 3.13%), 11/3/23 | 1,109 | 1,107,440 | ||||||
Term Loan, 3.355%, (1 mo. USD LIBOR + 3.25%), 12/23/26 | 1,168 | 1,161,942 | ||||||
Term Loan, 3.355%, (1 mo. USD LIBOR + 3.25%), 7/31/27 | 1,492 | 1,484,553 | ||||||
Term Loan - Second Lien, 5.355%, (1 mo. USD LIBOR + 5.25%), 1/31/28 | 1,830 | 1,834,575 | ||||||
Financiere CEP S.A.S., Term Loan, 4.00%, (3 mo. EURIBOR + 4.00%), 6/18/27 | EUR | 500 | 563,539 | |||||
Hub International Limited, Term Loan, 4.00%, (3 mo. USD LIBOR + 3.25%, Floor 0.75%), 4/25/25 | 3,980 | 3,980,107 | ||||||
NFP Corp., Term Loan, 3.355%, (1 mo. USD LIBOR + 3.25%), 2/15/27 | 2,189 | 2,169,708 | ||||||
Ryan Specialty Group, LLC, Term Loan, 3.75%, (1 mo. USD LIBOR + 3.00%, Floor 0.75%), 9/1/27 | 2,985 | 2,985,352 | ||||||
Sedgwick Claims Management Services, Inc., Term Loan, 3.355%, (1 mo. USD LIBOR + 3.25%), 12/31/25 | 1,144 | 1,138,382 | ||||||
USI, Inc., Term Loan, 3.474%, (3 mo. USD LIBOR + 3.25%), 12/2/26 | 1,990 | 1,981,988 | ||||||
|
| |||||||
$ | 23,426,950 | |||||||
|
| |||||||
Leisure Goods/Activities/Movies — 5.3% |
| |||||||
AMC Entertainment Holdings, Inc., Term Loan, 3.104%, (1 mo. USD LIBOR + 3.00%), 4/22/26 | 1,726 | $ | 1,543,319 | |||||
Amer Sports Oyj, Term Loan, 4.50%, (3 mo. EURIBOR + 4.50%), 3/30/26 | EUR | 1,650 | 1,857,169 | |||||
Carnival Corporation: |
| |||||||
Term Loan, 3.75%, (6 mo. USD LIBOR + 3.00%, Floor 0.75%), 6/30/25 | 1,281 | 1,270,576 | ||||||
Term Loan, 4.00%, (6 mo. USD LIBOR + 3.25%, Floor 0.75%), 10/18/28 | 2,300 | 2,282,750 | ||||||
City Football Group Limited, Term Loan, 4.00%, (6 mo. USD LIBOR + 3.50%, Floor 0.50%), 7/21/28 | 2,000 | 1,997,500 | ||||||
ClubCorp Holdings, Inc., Term Loan, 2.97%, (3 mo. USD LIBOR + 2.75%), 9/18/24 | 1,492 | 1,444,060 | ||||||
Crown Finance US, Inc.: |
| |||||||
Term Loan, 3.50%, (6 mo. USD LIBOR + 2.50%, Floor 1.00%), 2/28/25 | 1,913 | 1,461,243 | ||||||
Term Loan, 3.75%, (6 mo. USD LIBOR + 2.75%, Floor 1.00%), 9/30/26 | 1,372 | 1,026,233 | ||||||
Term Loan, 15.25%, (7.00% cash, 8.25% PIK), 5/23/24(12) | 478 | 566,061 |
18
Borrower/Description | Principal Amount* (000’s omitted) | Value | ||||||
Fender Musical Instruments Corporation, Term Loan, 4.50%, (SOFR + 4.00%, Floor 0.50%), 12/1/28 | 274 | $ | 274,699 | |||||
Lindblad Expeditions, Inc.: |
| |||||||
Term Loan, 6.00%, (1 mo. USD LIBOR + 5.25% Floor 0.75%), 4.75% cash, 1.25% PIK, 3/27/25 | 336 | 335,720 | ||||||
Term Loan, 6.00%, (1 mo. USD LIBOR + 5.25%, Floor 0.75%), 4.75% cash, 1.25% PIK, 3/27/25 | 1,345 | 1,342,878 | ||||||
Match Group, Inc., Term Loan, 1.908%, (3 mo. USD LIBOR + 1.75%), 2/13/27 | 700 | 690,958 | ||||||
Sandy BidCo B.V., Term Loan, 6/12/28(11) | EUR | 925 | 1,042,810 | |||||
SeaWorld Parks & Entertainment, Inc., Term Loan, 3.50%, (1 mo. USD LIBOR + 3.00%, Floor 0.50%), 8/25/28 | 748 | 748,926 | ||||||
Travel Leaders Group, LLC, Term Loan, 4.105%, (1 mo. USD LIBOR + 4.00%), 1/25/24 | 1,607 | 1,548,766 | ||||||
UFC Holdings, LLC, Term Loan, 3.50%, (6 mo. USD LIBOR + 2.75%, Floor 0.75%), 4/29/26 | 1,790 | 1,778,563 | ||||||
Vue International Bidco PLC, Term Loan, 4.75%, (6 mo. EURIBOR + 4.75%), 7/3/26 | EUR | 615 | 653,691 | |||||
|
| |||||||
$ | 21,865,922 | |||||||
|
| |||||||
Lodging and Casinos — 1.3% |
| |||||||
Boyd Gaming Corporation, Term Loan, 2.354%, (1 mo. USD LIBOR + 2.25%), 9/15/23 | 608 | $ | 608,278 | |||||
Oravel Stays Singapore Pte. Ltd., Term Loan, 9.00%, (3 mo. USD LIBOR + 8.25%, Floor 0.75%), 6/23/26 | 597 | 628,343 | ||||||
Playa Resorts Holding B.V., Term Loan, 3.75%, (1 mo. USD LIBOR + 2.75%, Floor 1.00%), 4/29/24 | 1,142 | 1,123,570 | ||||||
Raptor Acquisition Corp., Term Loan, 4.75%, (3 mo. USD LIBOR + 4.00%, Floor 0.75%), 11/1/26 | 1,525 | 1,529,924 | ||||||
Sportradar Capital S.a.r.l., Term Loan, 3.50%, (6 mo. EURIBOR + 3.50%), 11/22/27 | EUR | 500 | 560,672 | |||||
Twin River Worldwide Holdings, Inc., Term Loan, 3.75%, (6 mo. USD LIBOR + 3.25%, Floor 0.50%), 10/2/28 | 975 | 975,542 | ||||||
|
| |||||||
$ | 5,426,329 | |||||||
|
| |||||||
Nonferrous Metals/Minerals — 0.2% |
| |||||||
Oxbow Carbon, LLC, Term Loan, 5.00%, (1 mo. USD LIBOR + 4.25%, Floor 0.75%), 10/17/25 | 703 | $ | 704,883 | |||||
|
| |||||||
$ | 704,883 | |||||||
|
| |||||||
Oil and Gas — 4.3% |
| |||||||
Ameriforge Group, Inc., Term Loan, 12.587%, (1 mo. USD LIBOR + 13.00%, Floor 1.00%), 12/29/23(10) | 50 | $ | 25,067 | |||||
Apergy Corporation, Term Loan, 2.625%, (1 mo. USD LIBOR + 2.50%), 5/9/25 | 118 | 117,925 | ||||||
Centurion Pipeline Company, LLC: |
| |||||||
Term Loan, 3.355%, (1 mo. USD LIBOR + 3.25%), 9/29/25 | 243 | 241,692 | ||||||
Term Loan, 4.105%, (1 mo. USD LIBOR + 4.00%), 9/28/25 | 223 | 221,775 | ||||||
CITGO Holding, Inc., Term Loan, 8.00%, (1 mo. USD LIBOR + 7.00%, Floor 1.00%), 8/1/23 | 1,155 | 1,148,463 | ||||||
CITGO Petroleum Corporation, Term Loan, 7.25%, (1 mo. USD LIBOR + 6.25%, Floor 1.00%), 3/28/24 | 4,541 | 4,555,775 | ||||||
CQP Holdco L.P., Term Loan, 4.25%, (3 mo. USD LIBOR + 3.75%, Floor 0.50%), 6/5/28 | 2,940 | 2,941,769 |
19
Borrower/Description | Principal Amount* (000’s omitted) | Value | ||||||
Delek US Holdings, Inc., Term Loan, 6.50%, (1 mo. USD LIBOR + 5.50%, Floor 1.00%), 3/31/25 | 565 | $ | 567,292 | |||||
Freeport LNG Investments, LLLP, Term Loan, 4.00%, (6 mo. USD LIBOR + 3.50%, Floor 0.50%), 12/21/28 | 600 | 598,125 | ||||||
Matador Bidco S.a.r.l., Term Loan, 4.855%, (1 mo. USD LIBOR + 4.75%), 10/15/26 | 3,719 | 3,728,059 | ||||||
Oryx Midstream Services Permian Basin, LLC, Term Loan, 3.75%, (3 mo. USD LIBOR + 3.25%, Floor 0.50%), 10/5/28 | 700 | 699,611 | ||||||
QuarterNorth Energy Holding, Inc., Term Loan - Second Lien, 9.00%, (3 mo. USD LIBOR + 8.00%, Floor 1.00%), 8/27/26 | 755 | 758,138 | ||||||
UGI Energy Services, LLC, Term Loan, 3.855%, (1 mo. USD LIBOR + 3.75%), 8/13/26 | 1,990 | 1,996,014 | ||||||
|
| |||||||
$ | 17,599,705 | |||||||
|
| |||||||
Publishing — 1.2% |
| |||||||
Adevinta ASA: |
| |||||||
Term Loan, 3.00%, (3 mo. EURIBOR + 3.00%), 6/26/28 | EUR | 1,150 | $ | 1,289,777 | ||||
Term Loan, 3.50%, (3 mo. USD LIBOR + 2.75%, Floor 0.75%), 6/26/28 | 299 | 298,276 | ||||||
Alchemy Copyrights, LLC, Term Loan, 3.50%, (1 mo. USD LIBOR + 3.00%, Floor 0.50%), 3/10/28 | 494 | 494,379 | ||||||
Ascend Learning, LLC, Term Loan, 4.00%, (1 mo. USD LIBOR + 3.50%, Floor 0.50%), 12/11/28 | 550 | 550,301 | ||||||
Getty Images, Inc., Term Loan, 4.625%, (1 mo. USD LIBOR + 4.50%), 2/19/26 | 1,559 | 1,561,596 | ||||||
LABL, Inc., Term Loan, 5.50%, (1 mo. USD LIBOR + 5.00%, Floor 0.50%), 10/29/28 | 625 | 629,074 | ||||||
|
| |||||||
$ | 4,823,403 | |||||||
|
| |||||||
Radio and Television — 2.0% |
| |||||||
CMG Media Corporation., Term Loan, 3.605%, (1 mo. USD LIBOR + 3.50%), 12/17/26 | 2,239 | $ | 2,226,101 | |||||
Gray Television, Inc.: |
| |||||||
Term Loan, 2.602%, (1 mo. USD LIBOR + 2.50%), 2/7/24 | 209 | 208,325 | ||||||
Term Loan, 2.602%, (1 mo. USD LIBOR + 2.50%), 1/2/26 | 595 | 592,845 | ||||||
Term Loan, 3.102%, (1 mo. USD LIBOR + 3.00%), 12/1/28 | 825 | 823,866 | ||||||
Hubbard Radio, LLC, Term Loan, 5.25%, (1 mo. USD LIBOR + 4.25%, Floor 1.00%), 3/28/25 | 646 | 647,906 | ||||||
Nexstar Broadcasting, Inc., Term Loan, 2.602%, (1 mo. USD LIBOR + 2.50%), 9/18/26 | 431 | 431,002 | ||||||
Sinclair Television Group, Inc.: |
| |||||||
Term Loan, 2.61%, (1 mo. USD LIBOR + 2.50%), 9/30/26 | 587 | 571,911 | ||||||
Term Loan, 3.11%, (1 mo. USD LIBOR + 3.00%), 4/1/28 | 391 | 386,539 | ||||||
Univision Communications, Inc., Term Loan, 4.00%, (1 mo. USD LIBOR + 3.25%, Floor 0.75%), 3/15/26 | 2,189 | 2,188,218 | ||||||
|
| |||||||
$ | 8,076,713 | |||||||
|
| |||||||
Retailers (Except Food and Drug) — 3.3% |
| |||||||
CNT Holdings I Corp., Term Loan, 4.25%, (6 mo. USD LIBOR + 3.50%, Floor 0.75%), 11/8/27 | 1,545 | $ | 1,546,011 | |||||
Gloves Buyer, Inc., Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), 12/29/27 | 1,643 | 1,639,003 | ||||||
Great Outdoors Group, LLC, Term Loan, 4.50%, (3 mo. USD LIBOR + 3.75%, Floor 0.75%), 3/6/28 | 2,673 | 2,678,619 | ||||||
Harbor Freight Tools USA, Inc., Term Loan, 3.25%, (1 mo. USD LIBOR + 2.75%, Floor 0.50%), 10/19/27 | 2,736 | 2,729,475 |
20
Borrower/Description | Principal Amount* (000’s omitted) | Value | ||||||
Hoya Midco, LLC: |
| |||||||
Term Loan, 4.50%, (1 mo. USD LIBOR + 3.50%, Floor 1.00%), 6/30/24 | 1,472 | $ | 1,473,765 | |||||
Term Loan, 2/3/29(11) | 75 | 74,625 | ||||||
LIDS Holdings, Inc., Term Loan, 6.50%, (1 mo. USD LIBOR + 5.50%, Floor 1.00%), 12/14/26 | 450 | 443,250 | ||||||
PetSmart, Inc., Term Loan, 4.50%, (6 mo. USD LIBOR + 3.75%, Floor 0.75%), 2/11/28 | 3,035 | 3,033,803 | ||||||
Phillips Feed Service, Inc., Term Loan, 8.00%, (3 mo. USD LIBOR + 7.00%, Floor 1.00%), 11/13/24(4) | 103 | 82,326 | ||||||
|
| |||||||
$ | 13,700,877 | |||||||
|
| |||||||
Steel — 0.4% |
| |||||||
Phoenix Services International, LLC, Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), 3/1/25 | 818 | $ | 813,523 | |||||
TMS International Corp., Term Loan, 3.75%, (1 mo. USD LIBOR + 2.75%, Floor 1.00%), 8/14/24 | 248 | 246,572 | ||||||
Zekelman Industries, Inc., Term Loan, 2.109%, (1 mo. USD LIBOR + 2.00%), 1/24/27 | 557 | 552,599 | ||||||
|
| |||||||
$ | 1,612,694 | |||||||
|
| |||||||
Surface Transport — 1.2% |
| |||||||
Kenan Advantage Group, Inc., Term Loan, 4.50%, (3 mo. USD LIBOR + 3.75%, Floor 0.75%), 3/24/26 | 2,401 | $ | 2,408,252 | |||||
PODS, LLC, Term Loan, 3.75%, (1 mo. USD LIBOR + 3.00%, Floor 0.75%), 3/31/28 | 2,488 | 2,484,737 | ||||||
|
| |||||||
$ | 4,892,989 | |||||||
|
| |||||||
Telecommunications — 2.4% |
| |||||||
Avaya, Inc., Term Loan, 4.106%, (1 mo. USD LIBOR + 4.00%), 12/15/27 | 225 | $ | 225,502 | |||||
Digicel International Finance Limited, Term Loan, 3.50%, (6 mo. USD LIBOR + 3.25%), 5/28/24 | 1,436 | 1,404,396 | ||||||
GEE Holdings 2, LLC: |
| |||||||
Term Loan, 9.00%, (3 mo. USD LIBOR + 8.00%, Floor 1.00%), 3/24/25 | 398 | 390,366 | ||||||
Term Loan - Second Lien, 9.25%, (3 mo. USD LIBOR + 8.25%, Floor 1.00%), 2.50% cash, 6.75% PIK, 3/23/26 | 808 | 694,501 | ||||||
Intelsat Jackson Holdings S.A.: |
| |||||||
DIP Loan, 5.392%, (3 mo. USD LIBOR + 4.75%, Floor 1.00%), 10/13/22(10) | 1,425 | 1,424,332 | ||||||
Term Loan, 8.00%, (USD Prime + 4.75%), 11/27/23 | 1,750 | 1,750,000 | ||||||
Term Loan, 8.75%, (USD Prime + 5.50%), 1/2/24 | 1,700 | 1,701,700 | ||||||
Syniverse Holdings, Inc., Term Loan, 6.00%, (3 mo. USD LIBOR + 5.00%, Floor 1.00%), 3/9/23 | 938 | 937,432 | ||||||
Zayo Group Holdings, Inc., Term Loan, 3.25%, (1 mo. EURIBOR + 3.25%), 3/9/27 | EUR | 1,415 | 1,579,278 | |||||
|
| |||||||
$ | 10,107,507 | |||||||
|
| |||||||
Utilities — 0.8% |
| |||||||
Calpine Construction Finance Company L.P., Term Loan, 2.105%, (1 mo. USD LIBOR + 2.00%), 1/15/25 | 855 | $ | 849,134 | |||||
USIC Holdings, Inc., Term Loan, 4.25%, (1 mo. USD LIBOR + 3.50%, Floor 0.75%), 5/12/28 | 2,294 | 2,290,809 | ||||||
|
| |||||||
$ | 3,139,943 | |||||||
|
| |||||||
Total Senior Floating-Rate Loans | $ | 581,848,240 | ||||||
|
|
21
Warrants — 0.0% |
| |||||||
Security | Shares | Value | ||||||
Leisure Goods/Activities/Movies — 0.0% |
| |||||||
Cineworld Group PLC, Exp. 11/23/25(3)(5) | 139,907 | $ | 0 | |||||
|
| |||||||
$ | 0 | |||||||
|
| |||||||
Retailers (Except Food and Drug) — 0.0% |
| |||||||
David’s Bridal, LLC, Exp. 11/26/22(3)(4)(5) | 4,339 | $ | 0 | |||||
|
| |||||||
$ | 0 | |||||||
|
| |||||||
Total Warrants | $ | 0 | ||||||
|
| |||||||
Short-Term Investments — 2.9% |
| |||||||
Description | Units | Value | ||||||
Eaton Vance Cash Reserves Fund, LLC, 0.08%(13) | 11,894,836 | $ | 11,893,647 | |||||
|
| |||||||
Total Short-Term Investments | $ | 11,893,647 | ||||||
|
| |||||||
Total Investments — 153.7% | $ | 636,035,145 | ||||||
|
| |||||||
Less Unfunded Loan Commitments — (0.3)% | $ | (1,331,607 | ) | |||||
|
| |||||||
Net Investments — 153.4% | $ | 634,703,538 | ||||||
|
| |||||||
Other Assets, Less Liabilities — (35.1)% | $ | (145,188,074 | ) | |||||
|
| |||||||
Auction Preferred Shares Plus Cumulative Unpaid Dividends — (18.3)% | $ | (75,809,639 | ) | |||||
|
| |||||||
Net Assets Applicable to Common Shares — 100.0% | $ | 413,705,825 | ||||||
|
|
The percentage shown for each investment category in the Portfolio of Investments is based on net assets applicable to common shares.
* | In U.S. dollars unless otherwise indicated. |
(1) | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At January 31, 2022, the aggregate value of these securities is $28,376,915 or 6.9% of the Trust’s net assets applicable to common shares. |
(2) | Variable rate security. The stated interest rate represents the rate in effect at January 31, 2022. |
(3) | Security was acquired in connection with a restructuring of a Senior Loan and may be subject to restrictions on resale. |
(4) | For fair value measurement disclosure purposes, security is categorized as Level 3. |
22
(5) | Non-income producing security. |
(6) | Restricted security. |
(7) | Amount is less than 0.05%. |
(8) | Senior floating-rate loans (Senior Loans) often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, Senior Loans will typically have an expected average life of approximately two to four years. Senior Loans typically have rates of interest which are redetermined periodically by reference to a base lending rate, plus a spread. These base lending rates are primarily the London Interbank Offered Rate (“LIBOR”) and secondarily, the prime rate offered by one or more major United States banks (the “Prime Rate”). Base lending rates may be subject to a floor, or a minimum rate. Senior Loans are generally subject to contractual restrictions that must be satisfied before they can be bought or sold. |
(9) | The stated interest rate represents the weighted average interest rate at January 31, 2022 of contracts within the senior loan facility. Interest rates on contracts are primarily redetermined either weekly, monthly or quarterly by reference to the indicated base lending rate and spread and the reset period. |
(10) | Unfunded or partially unfunded loan commitments. The Trust may enter into certain loan agreements all or a portion of which may be unfunded. The Trust is obligated to fund these commitments at the borrower’s discretion. The stated interest rate reflects the weighted average of the reference rate and spread for the funded portion, if any, and the commitment fees on the portion of the loan that is unfunded. At January 31, 2022, the total value of unfunded loan commitments is $1,328,071. |
(11) | This Senior Loan will settle after January 31, 2022, at which time the interest rate will be determined. |
(12) | Fixed-rate loan. |
(13) | Affiliated investment company, available to Eaton Vance portfolios and funds, which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of January 31, 2022. |
Forward Foreign Currency Exchange Contracts
Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation | Unrealized (Depreciation) | |||||||||||||||||||
USD | 11,102,560 | EUR | 9,757,627 | Standard Chartered Bank | 2/2/22 | $ | 140,351 | $ | — | |||||||||||||||
USD | 7,655,164 | EUR | 6,765,274 | State Street Bank and Trust Company | 2/28/22 | 50,771 | — | |||||||||||||||||
USD | 2,284,780 | EUR | 2,018,719 | State Street Bank and Trust Company | 2/28/22 | 15,673 | — | |||||||||||||||||
USD | 1,101,900 | EUR | 973,635 | State Street Bank and Trust Company | 2/28/22 | 7,502 | — | |||||||||||||||||
USD | 1,943,227 | EUR | 1,743,494 | JPMorgan Chase Bank, N.A. | 3/2/22 | — | (16,597 | ) | ||||||||||||||||
USD | 10,944,255 | EUR | 9,757,627 | Standard Chartered Bank | 3/2/22 | — | (24,083 | ) | ||||||||||||||||
USD | 1,698,844 | EUR | 1,522,789 | JPMorgan Chase Bank, N.A. | 3/31/22 | — | (14,193 | ) | ||||||||||||||||
USD | 1,276,502 | EUR | 1,142,092 | State Street Bank and Trust Company | 3/31/22 | — | (8,276 | ) | ||||||||||||||||
USD | 1,272,615 | EUR | 1,142,092 | State Street Bank and Trust Company | 3/31/22 | — | (12,163 | ) | ||||||||||||||||
USD | 2,265,572 | EUR | 2,030,385 | State Street Bank and Trust Company | 3/31/22 | — | (18,478 | ) | ||||||||||||||||
USD | 2,545,910 | EUR | 2,284,183 | State Street Bank and Trust Company | 3/31/22 | — | (23,646 | ) | ||||||||||||||||
USD | 283,930 | GBP | 210,000 | HSBC Bank USA, N.A. | 3/31/22 | 1,594 | — | |||||||||||||||||
USD | 739,013 | GBP | 552,120 | State Street Bank and Trust Company | 3/31/22 | — | (3,289 | ) | ||||||||||||||||
USD | 738,495 | GBP | 552,120 | State Street Bank and Trust Company | 3/31/22 | — | (3,807 | ) | ||||||||||||||||
USD | 1,476,114 | GBP | 1,104,241 | State Street Bank and Trust Company | 3/31/22 | — | (8,489 | ) | ||||||||||||||||
|
|
|
| |||||||||||||||||||||
$ | 215,891 | $ | (133,021 | ) | ||||||||||||||||||||
|
|
|
|
23
Abbreviations:
DIP | - | Debtor In Possession | ||
EURIBOR | - | Euro Interbank Offered Rate | ||
LIBOR | - | London Interbank Offered Rate | ||
PIK | - | Payment In Kind | ||
SOFR | - | Secured Overnight Financing Rate | ||
SONIA | - | Sterling Overnight Interbank Average |
Currency Abbreviations:
EUR | - | Euro | ||||
GBP | - | British Pound Sterling | ||||
USD | - | United States Dollar |
At January 31, 2022, the Trust had sufficient cash and/or securities to cover commitments under open derivative contracts.
The Trust is subject to foreign exchange risk in the normal course of pursuing its investment objectives. Because the Trust holds foreign currency denominated investments, the value of these investments and related receivables and payables may change due to future changes in foreign currency exchange rates. To hedge against this risk, the Trust enters into forward foreign currency exchange contracts.
At January 31, 2022, the value of the Trust’s investment in affiliated funds was $11,893,647, which represents 2.9% of the Trust’s net assets applicable to common shares. Transactions in affiliated funds by the Trust for the fiscal year to date ended January 31, 2022 were as follows:
Name | Value, beginning of period | Purchases | Sales proceeds | Net realized gain (loss) | Change in unrealized appreciation (depreciation) | Value, end of period | Dividend income | Units, end of period | ||||||||||||||||||||||||
Short-Term Investments |
| |||||||||||||||||||||||||||||||
Eaton Vance Cash Reserves Fund, LLC | $ | 10,468,093 | $ | 41,501,733 | $ | (40,074,747 | ) | $ | (1,432 | ) | $ | — | $ | 11,893,647 | $ | 3,397 | 11,894,836 |
Restricted Securities
At January 31, 2022, the Trust owned the following securities (representing 0% of net assets applicable to common shares) which were restricted as to public resale and not registered under the Securities Act of 1933 (excluding Rule 144A securities). The Trust has various registration rights (exercisable under a variety of circumstances) with respect to these securities. The value of these securities is determined based on valuations provided by brokers when available, or if not available, they are valued at fair value using methods determined in good faith by or at the direction of the Trustees.
Description | Date of Acquisition | Shares | Cost | Value | ||||||||||||
Common Stocks | ||||||||||||||||
Nine Point Energy Holdings, Inc. | 7/15/14 | 758 | $ | 34,721 | $ | 0 | ||||||||||
Convertible Preferred Stocks | ||||||||||||||||
Nine Point Energy Holdings, Inc., Series A, 12.00% | 5/26/17 | 14 | 14,000 | 0 | ||||||||||||
|
|
|
| |||||||||||||
Total Restricted Securities | $ | 48,721 | $ | 0 | ||||||||||||
|
|
|
|
Under generally accepted accounting principles for fair value measurements, a three-tier hierarchy to prioritize the assumptions, referred to as inputs, is used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.
• | Level 1 — quoted prices in active markets for identical investments |
• | Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.) |
• | Level 3 — significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments) |
24
In cases where the inputs used to measure fair value fall in different levels of the fair value hierarchy, the level disclosed is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
At January 31, 2022, the hierarchy of inputs used in valuing the Trust’s investments and open derivative instruments, which are carried at value, were as follows:
Asset Description | Level 1 | Level 2 | Level 3* | Total | ||||||||||||
Asset-Backed Securities | $ | — | $ | 23,928,272 | $ | — | $ | 23,928,272 | ||||||||
Closed-End Funds | 7,898,380 | — | — | 7,898,380 | ||||||||||||
Common Stocks | 1,788,495 | 2,189,948 | 1,427,865 | 5,406,308 | ||||||||||||
Convertible Preferred Stocks | — | 2,185 | 0 | 2,185 | ||||||||||||
Corporate Bonds | — | 5,058,113 | — | 5,058,113 | ||||||||||||
Senior Floating-Rate Loans (Less Unfunded Loan Commitments) | — | 580,110,523 | 406,110 | 580,516,633 | ||||||||||||
Warrants | — | 0 | 0 | 0 | ||||||||||||
Short-Term Investments | — | 11,893,647 | — | 11,893,647 | ||||||||||||
Total Investments | $ | 9,686,875 | $ | 623,182,688 | $ | 1,833,975 | $ | 634,703,538 | ||||||||
Forward Foreign Currency Exchange Contracts | $ | — | $ | 215,891 | $ | — | $ | 215,891 | ||||||||
Total | $ | 9,686,875 | $ | 623,398,579 | $ | 1,833,975 | $ | 634,919,429 | ||||||||
Liability Description | ||||||||||||||||
Forward Foreign Currency Exchange Contracts | $ | — | $ | (133,021 | ) | $ | — | $ | (133,021 | ) | ||||||
Total | $ | — | $ | (133,021 | ) | $ | — | $ | (133,021 | ) |
* | None of the unobservable inputs for Level 3 assets, individually or collectively, had a material impact on the Trust. |
Level 3 investments at the beginning and/or end of the period in relation to net assets were not significant and accordingly, a reconciliation of Level 3 assets for the fiscal year to date ended January 31, 2022 is not presented.
For information on the Trust’s policy regarding the valuation of investments and other significant accounting policies, please refer to the Trust’s most recent financial statements included in its semiannual or annual report to shareholders.
25