Eaton Vance
Floating-Rate Income Trust
February 28, 2021
PORTFOLIO OF INVESTMENTS (Unaudited)
Asset-Backed Securities — 6.2%
Security | Principal Amount (000’s omitted) | Value | ||||||
Allegany Park CLO, Ltd., Series 2019-1A, Class E, 6.999%, (3 mo. USD LIBOR + 6.78%), 1/20/33(1)(2) | $ | 850 | $ | 854,287 | ||||
Ares LII CLO, Ltd., Series 2019-52A, Class E, 6.772%, (3 mo. USD LIBOR + 6.55%), 4/22/31(1)(2) | 500 | 498,078 | ||||||
Ares XXXIIR CLO, Ltd., Series 2014-32RA, Class D, 6.044%, (3 mo. USD LIBOR + 5.85%), 5/15/30(1)(2) | 2,000 | 1,965,174 | ||||||
Ares XXXIV CLO, Ltd., Series 2015-2A, Class ER, 7.073%, (3 mo. USD LIBOR + 6.85%), 4/17/33(1)(2) | 1,300 | 1,291,334 | ||||||
Bardot CLO, Ltd., Series 2019-2A, Class E, 7.172%, (3 mo. USD LIBOR + 6.95%), 10/22/32(1)(2) | 1,000 | 1,004,348 | ||||||
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 | 752,538 | ||||||
Benefit Street Partners CLO XVII, Ltd., Series 2019-17A, Class E, 6.841%, (3 mo. USD LIBOR + 6.60%), 7/15/32(1)(2) | 1,000 | 1,001,149 | ||||||
Benefit Street Partners CLO XVIII, Ltd., Series 2019-18A, Class E, 7.141%, (3 mo. USD LIBOR + 6.90%), 10/15/32(1)(2) | 1,000 | 1,001,544 | ||||||
BlueMountain CLO XXV, Ltd., Series 2019-25A, Class E, 6.941%, (3 mo. USD LIBOR + 6.70%), 7/15/32(1)(2) | 1,000 | 1,000,691 | ||||||
BlueMountain CLO XXVI, Ltd., Series 2019-26A, Class E, 7.924%, (3 mo. USD LIBOR + 7.70%), 10/20/32(1)(2) | 1,500 | 1,509,783 | ||||||
Canyon Capital CLO, Ltd., Series 2019-2A, Class E, 7.391%, (3 mo. USD LIBOR + 7.15%), 10/15/32(1)(2) | 400 | 401,189 | ||||||
Carlyle Global Market Strategies CLO, Ltd.: | ||||||||
Series 2012-3A, Class DR2, 6.734%, (3 mo. USD LIBOR + 6.50%), 1/14/32(1)(2) | 1,200 | 1,118,786 | ||||||
Series 2015-5A, Class DR, 6.924%, (3 mo. USD LIBOR + 6.70%), 1/20/32(1)(2) | 500 | 472,435 | ||||||
Cedar Funding X CLO, Ltd., Series 2019-10A, Class E, 7.224%, (3 mo. USD LIBOR + 7.00%), 10/20/32(1)(2) | 1,000 | 1,002,205 | ||||||
Fort Washington CLO, Ltd., Series 2019-1A, Class E, 7.474%, (3 mo. USD LIBOR + 7.25%), 10/20/32(1)(2) | 1,000 | 1,003,537 | ||||||
Galaxy XV CLO, Ltd., Series 2013-15A, Class ER, 6.886%, (3 mo. USD LIBOR + 6.65%), 10/15/30(1)(2) | 1,000 | 984,189 | ||||||
Galaxy XXI CLO, Ltd., Series 2015-21A, Class ER, 5.474%, (3 mo. USD LIBOR + 5.25%), 4/20/31(1)(2) | 1,000 | 949,159 | ||||||
Galaxy XXV CLO, Ltd., Series 2018-25A, Class E, 6.168%, (3 mo. USD LIBOR + 5.95%), 10/25/31(1)(2) | 250 | 242,730 | ||||||
Golub Capital Partners CLO 23M, Ltd., Series 2015-23A, Class ER, 5.974%, (3 mo. USD LIBOR + 5.75%), 1/20/31(1)(2) | 1,200 | 1,086,186 | ||||||
Harriman Park CLO, Ltd., Series 2020-1A, Class E, 7.134%, (3 mo. USD LIBOR + 6.91%), 4/20/31(1)(2) | 1,100 | 1,101,791 | ||||||
Kayne CLO 5, Ltd., Series 2019-5A, Class E, 6.918%, (3 mo. USD LIBOR + 6.70%), 7/24/32(1)(2) | 1,000 | 1,002,436 | ||||||
Kayne CLO 7, Ltd., Series 2020-7A, Class E, 6.723%, (3 mo. USD LIBOR + 6.50%), 4/17/33(1)(2) | 1,275 | 1,283,609 |
1
Security | Principal Amount (000’s omitted) | Value | ||||||
Madison Park Funding XXXVI, Ltd., Series 2019-36A, Class E, 7.491%, (3 mo. USD LIBOR + 7.25%), 1/15/33(1)(2) | $ | 500 | $ | 500,902 | ||||
Madison Park Funding XXXVII, Ltd., Series 2019-37A, Class E, 6.791%, (3 mo. USD LIBOR + 6.55%), 7/15/32(1)(2) | 1,000 | 1,001,834 | ||||||
Neuberger Berman Loan Advisers CLO 31, Ltd., Series 2019-31A, Class E, 6.974%, (3 mo. USD LIBOR + 6.75%), 4/20/31(1)(2) | 600 | 600,749 | ||||||
Neuberger Berman Loan Advisers CLO 33, Ltd., Series 2019-33A, Class E, 7.026%, (3 mo. USD LIBOR + 6.80%), 10/16/32(1)(2) | 1,000 | 1,004,228 | ||||||
Oaktree CLO, Ltd., Series 2019-3A, Class E, 6.994%, (3 mo. USD LIBOR + 6.77%), | 1,000 | 966,953 | ||||||
Palmer Square CLO, Ltd.: | ||||||||
Series 2013-2A, Class DRR, 6.073%, (3 mo. USD LIBOR + 5.85%), 10/17/31(1)(2) | 900 | 887,999 | ||||||
Series 2019-1A, Class D, 7.194%, (3 mo. USD LIBOR + 7.00%), 11/14/32(1)(2) | 1,000 | 1,006,119 | ||||||
Regatta XII Funding, Ltd., Series 2019-1A, Class E, 7.091%, (3 mo. USD LIBOR + 6.85%), 10/15/32(1)(2) | 500 | 501,054 | ||||||
Regatta XIV Funding, Ltd., Series 2018-3A, Class E, 6.168%, (3 mo. USD LIBOR + 5.95%), 10/25/31(1)(2) | 700 | 683,059 | ||||||
Regatta XVI Funding, Ltd., Series 2019-2A, Class E, 7.241%, (3 mo. USD LIBOR + 7.00%), 1/15/33(1)(2) | 750 | 752,604 | ||||||
Southwick Park CLO, LLC, Series 2019-4A, Class E, 6.924%, (3 mo. USD LIBOR + 6.70%), 7/20/32(1)(2) | 2,000 | 2,004,710 | ||||||
Vibrant CLO X, Ltd., Series 2018-10A, Class D, 6.414%, (3 mo. USD LIBOR + 6.19%), 10/20/31(1)(2) | 850 | 757,762 | ||||||
Vibrant CLO XI, Ltd., Series 2019-11A, Class D, 6.994%, (3 mo. USD LIBOR + 6.77%), 7/20/32(1)(2) | 1,000 | 935,869 | ||||||
Voya CLO, Ltd., Series 2013-1A, Class DR, 6.721%, (3 mo. USD LIBOR + 6.48%), | 2,000 | 1,847,191 | ||||||
Wellfleet CLO, Ltd., Series 2020-1A, Class D, 7.481%, (3 mo. USD LIBOR + 7.24%), | 1,300 | 1,290,249 | ||||||
|
| |||||||
Total Asset-Backed Securities | $ | 36,268,460 | ||||||
|
| |||||||
Closed-End Funds — 1.7% | ||||||||
Security | Shares | Value | ||||||
BlackRock Floating Rate Income Strategies Fund, Inc. | 111,292 | $ | 1,428,989 | |||||
Invesco Senior Income Trust | 402,161 | 1,677,012 | ||||||
Nuveen Credit Strategies Income Fund | 406,731 | 2,615,280 | ||||||
Nuveen Floating Rate Income Fund | 164,907 | 1,540,232 | ||||||
Nuveen Floating Rate Income Opportunity Fund | 115,017 | 1,063,907 | ||||||
Voya Prime Rate Trust | 333,948 | 1,546,179 | ||||||
|
| |||||||
Total Closed-End Funds | $ | 9,871,599 | ||||||
|
| |||||||
Common Stocks — 1.5% | ||||||||
Security | Shares | Value | ||||||
Aerospace and Defense — 0.2% | ||||||||
IAP Global Services, LLC(3)(4)(5) | 58 | $ | 855,874 | |||||
|
| |||||||
$ | 855,874 | |||||||
|
|
2
Security | Shares | Value | ||||||
Automotive — 0.0%(6) | ||||||||
Dayco Products, LLC(4)(5) | 20,780 | $ | 62,340 | |||||
|
| |||||||
$ | 62,340 | |||||||
|
| |||||||
Business Equipment and Services — 0.0%(6) | ||||||||
Crossmark Holdings, Inc.(4)(5) | 3,740 | $ | 224,400 | |||||
|
| |||||||
$ | 224,400 | |||||||
|
| |||||||
Chemicals and Plastics — 0.1% | ||||||||
Hexion Holdings Corp., Class B(4)(5) | 40,989 | $ | 645,577 | |||||
|
| |||||||
$ | 645,577 | |||||||
|
| |||||||
Containers and Glass Products — 0.0%(6) | ||||||||
LG Newco Holdco, Inc.(4)(5) | 26,953 | $ | 47,168 | |||||
|
| |||||||
$ | 47,168 | |||||||
|
| |||||||
Electronics/Electrical — 0.5% | ||||||||
Answers Corp.(3)(4)(5) | 96,908 | $ | 56,207 | |||||
Software Luxembourg Holding S.A.(4)(5) | 13,976 | 2,515,680 | ||||||
|
| |||||||
$ | 2,571,887 | |||||||
|
| |||||||
Entertainment — 0.0%(6) | ||||||||
Cineworld Group PLC(4)(5) | 154,246 | $ | 121,781 | |||||
|
| |||||||
$ | 121,781 | |||||||
|
| |||||||
Health Care — 0.2% | ||||||||
Akorn Holding Company, LLC, Class A(4)(5) | 73,582 | $ | 1,168,114 | |||||
|
| |||||||
$ | 1,168,114 | |||||||
|
| |||||||
Nonferrous Metals/Minerals — 0.0%(6) | ||||||||
ACNR Holdings, Inc., Class A(4)(5) | 3,482 | $ | 24,374 | |||||
|
| |||||||
$ | 24,374 | |||||||
|
| |||||||
Oil and Gas — 0.1% | ||||||||
AFG Holdings, Inc.(3)(4)(5) | 30,640 | $ | 370,438 | |||||
Fieldwood Energy, Inc.(4)(5) | 19,189 | 1,919 | ||||||
McDermott International, Ltd.(4)(5) | 162,147 | 137,825 | ||||||
Nine Point Energy Holdings, Inc.(3)(5)(7) | 758 | 0 | ||||||
RDV Resources, Inc., Class A(3)(4)(5) | 30,849 | 0 | ||||||
Samson Resources II, LLC, Class A(3)(4)(5) | 46,484 | 284,714 | ||||||
Sunrise Oil & Gas, Inc., Class A(4)(5) | 13,157 | 3,947 | ||||||
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| |||||||
$ | 798,843 | |||||||
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| |||||||
Publishing — 0.0%(6) | ||||||||
Tweddle Group, Inc.(3)(4)(5) | 1,944 | $ | 739 | |||||
|
| |||||||
$ | 739 | |||||||
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| |||||||
Radio and Television — 0.2% | ||||||||
Clear Channel Outdoor Holdings, Inc.(4)(5) | 86,335 | $ | 148,496 | |||||
Cumulus Media, Inc., Class A(4)(5) | 42,499 | 411,815 | ||||||
iHeartMedia, Inc., Class A(4)(5) | 36,714 | 516,566 | ||||||
|
| |||||||
$ | 1,076,877 | |||||||
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| |||||||
Retailers (Except Food and Drug) — 0.1% | ||||||||
David’s Bridal, LLC(3)(4)(5) | 23,371 | $ | 0 | |||||
Phillips Pet Holding Corp.(3)(4)(5) | 613 | 252,166 | ||||||
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| |||||||
$ | 252,166 | |||||||
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|
3
Security | Shares | Value | ||||||
Utilities — 0.1% | ||||||||
Longview Intermediate Holdings, LLC, Class A(3)(4)(5) | 101,172 | $ | 806,340 | |||||
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| |||||||
$ | 806,340 | |||||||
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| |||||||
Total Common Stocks | $ | 8,656,480 | ||||||
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Convertible Preferred Stocks — 0.0% | ||||||||
Security | Shares | Value | ||||||
Oil and Gas — 0.0% | ||||||||
Nine Point Energy Holdings, Inc., Series A, 12.00%(3)(5)(7) | 14 | $ | 0 | |||||
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| |||||||
Total Convertible Preferred Stocks | $ | 0 | ||||||
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| |||||||
Corporate Bonds & Notes — 5.1% | ||||||||
Security | Principal Amount (000’s omitted) | Value | ||||||
Aerospace and Defense — 0.1% | ||||||||
TransDigm, Inc., 7.50%, 3/15/27 | $ | 282 | $ | 301,055 | ||||
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| |||||||
$ | 301,055 | |||||||
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Automotive — 0.2% | ||||||||
Clarios Global, L.P./Clarios US Finance Co., 8.50%, 5/15/27(1) | $ | 492 | $ | 531,680 | ||||
Ford Motor Co.: | ||||||||
9.00%, 4/22/25 | 150 | 181,659 | ||||||
4.75%, 1/15/43 | 250 | 253,788 | ||||||
Navistar International Corp., 6.625%, 11/1/25(1) | 322 | 335,018 | ||||||
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| |||||||
$ | 1,302,145 | |||||||
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Building and Development — 0.1% | ||||||||
Builders FirstSource, Inc., 5.00%, 3/1/30(1) | $ | 123 | $ | 129,420 | ||||
Standard Industries, Inc., 5.00%, 2/15/27(1) | 677 | 700,272 | ||||||
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$ | 829,692 | |||||||
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Business Equipment and Services — 0.4% | ||||||||
GEMS MENASA Cayman, Ltd./GEMS Education Delaware, LLC, 7.125%, 7/31/26(1) | $ | 258 | $ | 267,191 | ||||
Prime Security Services Borrower, LLC/Prime Finance, Inc.: | ||||||||
5.25%, 4/15/24(1) | 750 | 800,625 | ||||||
5.75%, 4/15/26(1) | 750 | 809,063 | ||||||
ServiceMaster Co., LLC (The), 7.45%, 8/15/27 | 427 | 510,666 | ||||||
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$ | 2,387,545 | |||||||
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Cable and Satellite Television — 0.3% | ||||||||
Altice France S.A., 8.125%, 2/1/27(1) | $ | 677 | $ | 738,712 | ||||
CCO Holdings, LLC/CCO Holdings Capital Corp.: | ||||||||
5.75%, 2/15/26(1) | 22 | 22,766 | ||||||
4.25%, 2/1/31(1) | 229 | 232,149 |
4
Security | Principal Amount (000’s omitted) | Value | ||||||
CSC Holdings, LLC: | ||||||||
5.875%, 9/15/22 | $ | 15 | $ | 15,808 | ||||
5.25%, 6/1/24 | 10 | 10,781 | ||||||
5.75%, 1/15/30(1) | 550 | 587,650 | ||||||
4.125%, 12/1/30(1) | 200 | 201,000 | ||||||
DISH DBS Corp.: | ||||||||
6.75%, 6/1/21 | 14 | 14,171 | ||||||
5.875%, 11/15/24 | 5 | 5,239 | ||||||
TEGNA, Inc., 5.00%, 9/15/29 | 56 | 58,408 | ||||||
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$ | 1,886,684 | |||||||
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Conglomerates — 0.0%(6) | ||||||||
Spectrum Brands, Inc.: | ||||||||
5.75%, 7/15/25 | $ | 75 | $ | 77,344 | ||||
5.00%, 10/1/29(1) | 21 | 22,417 | ||||||
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$ | 99,761 | |||||||
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Containers and Glass Products — 0.0%(6) | ||||||||
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc., 4.125%, 8/15/26(1) | $ | 200 | $ | 207,232 | ||||
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$ | 207,232 | |||||||
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Distribution & Wholesale — 0.0%(6) | ||||||||
Performance Food Group, Inc., 5.50%, 10/15/27(1) | $ | 68 | $ | 71,530 | ||||
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$ | 71,530 | |||||||
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Drugs — 0.2% | ||||||||
AdaptHealth, LLC, 6.125%, 8/1/28(1) | $ | 125 | $ | 132,813 | ||||
Bausch Health Americas, Inc., 8.50%, 1/31/27(1) | 146 | 161,719 | ||||||
Bausch Health Companies, Inc., 7.00%, 1/15/28(1) | 752 | 814,649 | ||||||
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$ | 1,109,181 | |||||||
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Ecological Services and Equipment — 0.1% | ||||||||
GFL Environmental, Inc., 8.50%, 5/1/27(1) | $ | 575 | $ | 633,578 | ||||
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$ | 633,578 | |||||||
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Electronics/Electrical — 0.0%(6) | ||||||||
Sensata Technologies, Inc., 4.375%, 2/15/30(1) | $ | 45 | $ | 48,066 | ||||
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$ | 48,066 | |||||||
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Financial Intermediaries — 0.2% | ||||||||
Ford Motor Credit Co., LLC, 5.125%, 6/16/25 | $ | 500 | $ | 540,625 | ||||
Icahn Enterprises, L.P./Icahn Enterprises Finance Corp.: | ||||||||
6.25%, 2/1/22 | 7 | 7,003 | ||||||
6.25%, 5/15/26 | 677 | 713,084 | ||||||
JPMorgan Chase & Co., Series S, 6.75% to 2/1/24(8)(9) | 80 | 88,424 | ||||||
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$ | 1,349,136 | |||||||
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Food Products — 0.2% | ||||||||
Del Monte Foods, Inc., 11.875%, 5/15/25(1) | $ | 1,075 | $ | 1,216,766 | ||||
JBS USA LUX S.A./JBS USA Food Co./JBS USA Finance, Inc., 5.50%, 1/15/30(1) | 156 | 174,915 | ||||||
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| |||||||
$ | 1,391,681 | |||||||
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|
5
Security | Principal Amount (000’s omitted) | Value | ||||||
Food/Drug Retailers — 0.2% | ||||||||
Fresh Market, Inc. (The), 9.75%, 5/1/23(1) | $ | 1,300 | $ | 1,344,687 | ||||
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$ | 1,344,687 | |||||||
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Health Care — 0.2% | ||||||||
Centene Corp.: | ||||||||
3.375%, 2/15/30 | $ | 83 | $ | 85,429 | ||||
3.00%, 10/15/30 | 491 | 499,322 | ||||||
2.50%, 3/1/31 | 31 | 30,022 | ||||||
HCA, Inc., 5.875%, 2/15/26 | 18 | 20,830 | ||||||
Molina Healthcare, Inc., 3.875%, 11/15/30(1) | 246 | 258,300 | ||||||
MPH Acquisition Holdings, LLC, 5.75%, 11/1/28(1) | 272 | 270,300 | ||||||
Tenet Healthcare Corp., 6.75%, 6/15/23 | 244 | 263,661 | ||||||
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$ | 1,427,864 | |||||||
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Industrial Equipment — 0.0%(6) | ||||||||
Hillman Group, Inc. (The), 6.375%, 7/15/22(1) | $ | 37 | $ | 37,247 | ||||
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$ | 37,247 | |||||||
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Insurance — 0.2% | ||||||||
AssuredPartners, Inc., 7.00%, 8/15/25(1) | $ | 958 | $ | 982,482 | ||||
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$ | 982,482 | |||||||
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Internet Software & Services — 0.1% | ||||||||
Netflix, Inc., 5.375%, 11/15/29(1) | $ | 240 | $ | 283,848 | ||||
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$ | 283,848 | |||||||
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Leisure Goods/Activities/Movies — 0.2% | ||||||||
Carnival Corp., 6.65%, 1/15/28 | $ | 114 | $ | 120,484 | ||||
Viking Cruises, Ltd.: | ||||||||
6.25%, 5/15/25(1) | 45 | 44,602 | ||||||
5.875%, 9/15/27(1) | 858 | 827,605 | ||||||
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| |||||||
$ | 992,691 | |||||||
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Lodging and Casinos — 0.4% | ||||||||
Caesars Resort Collection, LLC/CRC Finco, Inc., 5.25%, 10/15/25(1) | $ | 677 | $ | 673,693 | ||||
ESH Hospitality, Inc., 5.25%, 5/1/25(1) | 22 | 22,459 | ||||||
MGM Growth Properties Operating Partnership, L.P./MGP Finance Co-Issuer, Inc., | 15 | 16,228 | ||||||
MGM Resorts International, 7.75%, 3/15/22 | 18 | 19,024 | ||||||
Stars Group Holdings B.V./Stars Group US Co-Borrower, LLC, 7.00%, 7/15/26(1) | 958 | 1,006,671 | ||||||
Wynn Las Vegas, LLC/Wynn Las Vegas Capital Corp., 5.25%, 5/15/27(1) | 273 | 290,100 | ||||||
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| |||||||
$ | 2,028,175 | |||||||
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Metals/Mining — 0.2% | ||||||||
Cleveland-Cliffs, Inc., 6.75%, 3/15/26(1) | $ | 1,006 | $ | 1,078,935 | ||||
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| |||||||
$ | 1,078,935 | |||||||
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Nonferrous Metals/Minerals — 0.0%(6) |
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New Gold, Inc.: |
| |||||||
6.375%, 5/15/25(1) | $ | 49 | $ | 50,685 | ||||
7.50%, 7/15/27(1) | 185 | 195,529 | ||||||
|
| |||||||
$ | 246,214 | |||||||
|
|
6
Security | Principal Amount (000’s omitted) | Value | ||||||
Oil and Gas — 0.5% |
| |||||||
Centennial Resource Production, LLC, 6.875%, 4/1/27(1) | $ | 958 | $ | 863,996 | ||||
Energy Transfer Operating, L.P., 5.875%, 1/15/24 | 35 | 39,325 | ||||||
Neptune Energy Bondco PLC, 6.625%, 5/15/25(1) | 1,065 | 1,078,312 | ||||||
Occidental Petroleum Corp., 6.625%, 9/1/30 | 229 | 260,831 | ||||||
Ovintiv Exploration, Inc., 5.625%, 7/1/24 | 92 | 100,926 | ||||||
Seven Generations Energy, Ltd., 6.75%, 5/1/23(1) | 30 | 30,244 | ||||||
Tervita Corp., 11.00%, 12/1/25(1) | 229 | 247,892 | ||||||
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| |||||||
$ | 2,621,526 | |||||||
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Packaging & Containers — 0.1% |
| |||||||
ARD Finance S.A., 6.50%, (6.50% cash or 7.25% PIK), 6/30/27(1)(10) | $ | 333 | $ | 352,564 | ||||
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$ | 352,564 | |||||||
|
| |||||||
Radio and Television — 0.6% |
| |||||||
Diamond Sports Group, LLC/Diamond Sports Finance Co., 5.375%, 8/15/26(1) | $ | 3,275 | $ | 2,320,174 | ||||
iHeartCommunications, Inc.: |
| |||||||
6.375%, 5/1/26 | 208 | 220,084 | ||||||
8.375%, 5/1/27 | 376 | 399,526 | ||||||
Nielsen Co. Luxembourg S.a.r.l. (The), 5.50%, 10/1/21(1) | 8 | 8,035 | ||||||
Sirius XM Radio, Inc., 4.125%, 7/1/30(1) | 91 | 92,024 | ||||||
Terrier Media Buyer, Inc., 8.875%, 12/15/27(1) | 313 | 335,888 | ||||||
|
| |||||||
$ | 3,375,731 | |||||||
|
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Real Estate Investment Trusts (REITs) — 0.1% |
| |||||||
Service Properties Trust, 3.95%, 1/15/28 | $ | 458 | $ | 424,509 | ||||
|
| |||||||
$ | 424,509 | |||||||
|
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Steel — 0.2% |
| |||||||
Allegheny Technologies, Inc., 7.875%, 8/15/23 | $ | 690 | $ | 754,084 | ||||
Infrabuild Australia Pty, Ltd., 12.00%, 10/1/24(1) | 492 | 529,515 | ||||||
|
| |||||||
$ | 1,283,599 | |||||||
|
| |||||||
Telecommunications — 0.3% |
| |||||||
Connect Finco S.a.r.l./Connect US Finco, LLC, 6.75%, 10/1/26(1) | $ | 250 | $ | 259,531 | ||||
Digicel Holdings Bermuda, Ltd./Digicel International Finance, Ltd., 8.75%, 5/25/24(1) | 600 | 626,250 | ||||||
Lumen Technologies, Inc., 6.75%, 12/1/23 | 40 | 44,475 | ||||||
Sprint Communications, Inc., 6.00%, 11/15/22 | 3 | 3,210 | ||||||
Sprint Corp.: |
| |||||||
7.25%, 9/15/21 | 230 | 236,925 | ||||||
7.625%, 2/15/25 | 250 | 297,813 | ||||||
T-Mobile USA, Inc., 6.50%, 1/15/26 | 110 | 113,575 | ||||||
|
| |||||||
$ | 1,581,779 | |||||||
|
| |||||||
Utilities — 0.0%(6) | ||||||||
Vistra Operations Co., LLC: | ||||||||
5.00%, 7/31/27(1) | $ | 201 | $ | 210,497 | ||||
4.30%, 7/15/29(1) | 32 | 35,675 | ||||||
|
| |||||||
$ | 246,172 | |||||||
|
| |||||||
Total Corporate Bonds & Notes | $ | 29,925,309 | ||||||
|
|
7
Preferred Stocks — 0.1% | ||||||||
Security | Shares | Value | ||||||
Containers and Glass Products — 0.1% | ||||||||
LG Newco Holdco, Inc.(4)(5) | 4,079 | $ | 224,323 | |||||
|
| |||||||
$ | 224,323 | |||||||
|
| |||||||
Financial Services — 0.0%(6) | ||||||||
DBI Investors, Inc., Series A-1 (3)(4)(5) | 1,113 | $ | 16,461 | |||||
|
| |||||||
$ | 16,461 | |||||||
|
| |||||||
Nonferrous Metals/Minerals — 0.0%(6) | ||||||||
ACNR Holdings, Inc., 15.00% (PIK)(4)(5) | 1,645 | $ | 77,726 | |||||
|
| |||||||
$ | 77,726 | |||||||
|
| |||||||
Retailers (Except Food and Drug) — 0.0%(6) | ||||||||
David’s Bridal, LLC, Series A, 8.00% (PIK)(3)(4)(5) | 655 | $ | 9,687 | |||||
David’s Bridal, LLC, Series B, 10.00% (PIK)(3)(4)(5) | 2,667 | 39,445 | ||||||
|
| |||||||
$ | 49,132 | |||||||
|
| |||||||
Total Preferred Stocks | $ | 367,642 | ||||||
|
| |||||||
Senior Floating-Rate Loans — 141.4%(11) | ||||||||
Borrower/Description | Principal Amount* (000’s omitted) | Value | ||||||
Aerospace and Defense — 3.3% | ||||||||
Aernnova Aerospace S.A.U.: | ||||||||
Term Loan, 3.00%, (3 mo. EURIBOR + 3.00%), 2/22/27 | EUR | 107 | $ | 123,294 | ||||
Term Loan, 3.00%, (3 mo. EURIBOR + 3.00%), 2/26/27 | EUR | 418 | 480,848 | |||||
AI Convoy (Luxembourg) S.a.r.l.: | ||||||||
Term Loan, 3.50%, (6 mo. EURIBOR + 3.50%), 1/17/27 | EUR | 450 | 543,660 | |||||
Term Loan, 4.50%, (6 mo. USD LIBOR + 3.50%, Floor 1.00%), 1/17/27 | 744 | 745,637 | ||||||
Dynasty Acquisition Co., Inc.: | ||||||||
Term Loan, 3.754%, (3 mo. USD LIBOR + 3.50%), 4/6/26 | 1,057 | 1,028,514 | �� | |||||
Term Loan, 3.754%, (3 mo. USD LIBOR + 3.50%), 4/6/26 | 1,966 | 1,912,363 | ||||||
IAP Worldwide Services, Inc.: | ||||||||
Revolving Loan, 1.375%, (3 mo. USD LIBOR + 5.50%, Floor 1.50%), 7/19/21(12) | 325 | 324,497 | ||||||
Term Loan - Second Lien, 8.00%, (3 mo. USD LIBOR + 6.50%, Floor 1.50%), | 420 | 336,842 | ||||||
Spirit Aerosystems, Inc., Term Loan, 6.00%, (1 mo. USD LIBOR + 5.25%, Floor 0.75%), 1/15/25 | 450 | 454,500 | ||||||
TransDigm, Inc.: |
| |||||||
Term Loan, 2.365%, (1 mo. USD LIBOR + 2.25%), 8/22/24 | 2,798 | 2,769,386 | ||||||
Term Loan, 2.365%, (1 mo. USD LIBOR + 2.25%), 12/9/25 | 7,718 | 7,624,796 | ||||||
WP CPP Holdings, LLC, Term Loan, 4.75%, (USD LIBOR + 3.75%, Floor 1.00%), 4/30/25(13) | 2,794 | 2,697,418 | ||||||
|
| |||||||
$ | 19,041,755 | |||||||
|
| |||||||
Air Transport — 1.5% |
| |||||||
Delta Air Lines, Inc., Term Loan, 5.75%, (1 mo. USD LIBOR + 4.75%, Floor 1.00%), 4/29/23 | 2,114 | $ | 2,135,024 |
8
Borrower/Description | Principal Amount* (000’s omitted) | Value | ||||||
JetBlue Airways Corporation, Term Loan, 6.25%, (3 mo. USD LIBOR + 5.25%, Floor 1.00%), 6/17/24 | 3,179 | $ | 3,286,658 | |||||
Mileage Plus Holdings, LLC, Term Loan, 6.25%, (3 mo. USD LIBOR + 5.25%, Floor 1.00%), 6/25/27 | 800 | 856,151 | ||||||
SkyMiles IP, Ltd., Term Loan, 4.75%, (3 mo. USD LIBOR + 3.75%, Floor 1.00%), 10/20/27 | 2,200 | 2,329,054 | ||||||
|
| |||||||
$ | 8,606,887 | |||||||
|
| |||||||
Automotive — 4.4% |
| |||||||
Adient US, LLC, Term Loan, 4.384%, (USD LIBOR + 4.25%), 5/6/24(13) | 1,502 | $ | 1,509,769 | |||||
American Axle and Manufacturing, Inc., Term Loan, 3.00%, (1 mo. USD LIBOR + 2.25%, Floor 0.75%), 4/6/24 | 2,781 | 2,784,574 | ||||||
American Trailer World Corp., Term Loan, 2/17/28(14) | 650 | 651,625 | ||||||
Autokiniton US Holdings, Inc., Term Loan, 6.49%, (1 mo. USD LIBOR + 6.38%), 5/22/25 | 853 | 859,523 | ||||||
Bright Bidco B.V., Term Loan, 4.50%, (6 mo. USD LIBOR + 3.50%, Floor 1.00%), 6/30/24 | 1,642 | 1,259,911 | ||||||
Chassix, Inc., Term Loan, 6.50%, (USD LIBOR + 5.50%, Floor 1.00%), 11/15/23(13) | 1,455 | 1,447,725 | ||||||
Clarios Global, L.P., Term Loan, 3.615%, (1 mo. USD LIBOR + 3.50%), 4/30/26 | 3,685 | 3,686,946 | ||||||
Dayco Products, LLC, Term Loan, 4.44%, (3 mo. USD LIBOR + 4.25%), 5/19/23 | 1,083 | 990,773 | ||||||
Garrett LX III S.a.r.l.: |
| |||||||
Term Loan, 3.75%, (1 mo. EURIBOR + 3.75%), 9/27/25 | EUR | 389 | 462,736 | |||||
Term Loan, 5.75%, (USD Prime + 2.50%), 9/27/25 | 270 | 269,343 | ||||||
Garrett Motion, Inc., DIP Loan, 5.50%, (1 mo. USD LIBOR + 4.50%, Floor 1.00%), 3/15/21 | 154 | 154,581 | ||||||
IAA, Inc., Term Loan, 2.375%, (1 mo. USD LIBOR + 2.25%), 6/28/26 | 605 | 606,011 | ||||||
Les Schwab Tire Centers, Term Loan, 4.25%, (6 mo. USD LIBOR + 3.50%, Floor 0.75%), 11/2/27 | 2,850 | 2,869,001 | ||||||
Tenneco, Inc., Term Loan, 3.115%, (1 mo. USD LIBOR + 3.00%), 10/1/25 | 3,749 | 3,687,002 | ||||||
Thor Industries, Inc., Term Loan, 3.875%, (1 mo. USD LIBOR + 3.75%), 2/1/26 | 1,101 | 1,105,988 | ||||||
TI Group Automotive Systems, LLC: |
| |||||||
Term Loan, 4.004%, (3 mo. USD LIBOR + 3.75%), 12/16/24 | 1,148 | 1,153,242 | ||||||
Term Loan, 4.50%, (3 mo. EURIBOR + 3.75%, Floor 0.75%), 12/16/24 | EUR | 855 | 1,040,113 | |||||
Truck Hero, Inc., Term Loan, 4.50%, (1 mo. USD LIBOR + 3.75%, Floor 0.75%), 1/31/28 | 1,325 | 1,327,944 | ||||||
|
| |||||||
$ | 25,866,807 | |||||||
|
| |||||||
Beverage and Tobacco — 0.2% |
| |||||||
Arterra Wines Canada, Inc., Term Loan, 4.25%, (3 mo. USD LIBOR + 3.50%, Floor 0.75%), 11/24/27 | 1,100 | $ | 1,109,166 | |||||
|
| |||||||
$ | 1,109,166 | |||||||
|
| |||||||
Brokerage/Securities Dealers/Investment Houses — 0.6% |
| |||||||
Advisor Group, Inc., Term Loan, 4.615%, (1 mo. USD LIBOR + 4.50%), 7/31/26 | 3,447 | $ | 3,459,061 | |||||
|
| |||||||
$ | 3,459,061 | |||||||
|
| |||||||
Building and Development — 5.9% | ||||||||
ACProducts, Inc., Term Loan, 7.50%, (6 mo. USD LIBOR + 6.50%, Floor 1.00%), 8/18/25 | 442 | $ | 452,969 | |||||
Advanced Drainage Systems, Inc., Term Loan, 2.375%, (1 mo. USD LIBOR + 2.25%), 7/31/26 | 221 | 221,177 |
9
Borrower/Description | Principal Amount* (000’s omitted) | Value | ||||||
American Builders & Contractors Supply Co., Inc., Term Loan, 2.115%, (1 mo. USD LIBOR + 2.00%), 1/15/27 | 2,493 | $ | 2,486,069 | |||||
American Residential Services, LLC, Term Loan, 4.25%, (3 mo. USD LIBOR + 3.50%, Floor 0.75%), 10/15/27 | 625 | 627,344 | ||||||
APi Group DE, Inc.: | ||||||||
Term Loan, 2.615%, (1 mo. USD LIBOR + 2.50%), 10/1/26 | 1,535 | 1,537,377 | ||||||
Term Loan, 2.865%, (1 mo. USD LIBOR + 2.75%), 10/1/26 | 325 | 325,762 | ||||||
Beacon Roofing Supply, Inc., Term Loan, 2.365%, (1 mo. USD LIBOR + 2.25%), 1/2/25 | 335 | 334,286 | ||||||
Brookfield Property REIT, Inc., Term Loan, 2.615%, (1 mo. USD LIBOR + 2.50%), 8/27/25 | 1,002 | 978,628 | ||||||
Core & Main L.P., Term Loan, 3.75%, (3 mo. USD LIBOR + 2.75%, Floor 1.00%), 8/1/24 | 1,167 | 1,167,619 | ||||||
Cornerstone Building Brands, Inc., Term Loan, 3.86%, (1 mo. USD LIBOR + 3.75%), 4/12/25 | 806 | 809,079 | ||||||
CP Atlas Buyer, Inc., Term Loan, 4.25%, (3 mo. USD LIBOR + 3.75%, Floor 0.50%), 11/23/27 | 1,275 | 1,276,328 | ||||||
CPG International, Inc., Term Loan, 3.25%, (12 mo. USD LIBOR + 2.50%, Floor 0.75%), 5/5/24 | 1,146 | 1,150,138 | ||||||
Cushman & Wakefield U.S. Borrower, LLC, Term Loan, 2.865%, (1 mo. USD LIBOR + 2.75%), 8/21/25 | 5,832 | 5,802,919 | ||||||
Foundation Building Materials Holding Company, LLC, Term Loan, 3.75%, (1 week USD LIBOR + 3.25%, Floor 0.50%), 2/3/28 | 1,350 | 1,349,367 | ||||||
LSF11 Skyscraper Holdco S.a.r.l.: | ||||||||
Term Loan, 4.50%, (3 mo. EURIBOR + 4.50%), 9/29/27 | EUR | 575 | 698,211 | |||||
Term Loan, 4.50%, (3 mo. EURIBOR + 4.50%), 9/29/27 | EUR | 1,075 | 1,305,351 | |||||
Term Loan, 5.74%, (3 mo. USD LIBOR + 5.50%), 9/29/27 | 699 | 703,847 | ||||||
MI Windows and Doors, LLC, Term Loan, 4.50%, (1 mo. USD LIBOR + 3.75%, Floor 0.75%), 12/18/27 | 500 | 505,078 | ||||||
Northstar Group Services, Inc., Term Loan, 6.50%, (3 mo. USD LIBOR + 5.50%, Floor 1.00%), 11/9/26 | 1,400 | 1,408,750 | ||||||
Park River Holdings, Inc., Term Loan, 4.00%, (2 mo. USD LIBOR + 3.25%, Floor 0.75%), 12/28/27 | 725 | 727,549 | ||||||
Quikrete Holdings, Inc., Term Loan, 2.615%, (1 mo. USD LIBOR + 2.50%), 2/1/27 | 2,216 | 2,216,077 | ||||||
RE/MAX International, Inc., Term Loan, 3.50%, (3 mo. USD LIBOR + 2.75%, Floor 0.75%), 12/15/23 | 2,032 | 2,038,578 | ||||||
Realogy Group, LLC, Term Loan, 3.00%, (1 mo. USD LIBOR + 2.25%, Floor 0.75%), 2/8/25 | 332 | 332,160 | ||||||
Werner FinCo L.P., Term Loan, 5.00%, (3 mo. USD LIBOR + 4.00%, Floor 1.00%), 7/24/24 | 1,113 | 1,111,961 | ||||||
White Cap Buyer, LLC, Term Loan, 4.50%, (6 mo. USD LIBOR + 4.00%, Floor 0.50%), 10/19/27 | 2,369 | 2,380,908 | ||||||
WireCo WorldGroup, Inc.: | ||||||||
Term Loan, 6.00%, (3 mo. USD LIBOR + 5.00%, Floor 1.00%), 9/30/23 | 937 | 918,070 | ||||||
Term Loan - Second Lien, 10.00%, (6 mo. USD LIBOR + 9.00%, Floor 1.00%), 9/30/24 | 1,300 | 1,183,000 | ||||||
|
| |||||||
$ | 34,048,602 | |||||||
|
|
10
Borrower/Description | Principal Amount* (000’s omitted) | Value | ||||||
Business Equipment and Services — 12.3% | ||||||||
Adevinta ASA: | ||||||||
Term Loan, 10/13/27(14) | 325 | $ | 327,776 | |||||
Term Loan, 10/13/27(14) | EUR | 1,250 | 1,517,749 | |||||
Adtalem Global Education, Inc., Term Loan, 3.115%, (1 mo. USD LIBOR + 3.00%), 4/11/25 | 414 | 412,303 | ||||||
Airbnb, Inc., Term Loan, 8.50%, (USD LIBOR + 7.50%, Floor 1.00%), 4/17/25(13) | 846 | 921,163 | ||||||
AlixPartners, LLP: | ||||||||
Term Loan, 3.25%, (3 mo. EURIBOR + 3.25%), 1/28/28 | EUR | 525 | 635,928 | |||||
Term Loan, 3.25%, (1 mo. USD LIBOR + 2.75%, Floor 0.50%), 2/4/28 | 1,700 | 1,701,771 | ||||||
Allied Universal Holdco, LLC, Term Loan, 4.365%, (1 mo. USD LIBOR + 4.25%), 7/10/26 | 3,568 | 3,578,131 | ||||||
AppLovin Corporation, Term Loan, 3.615%, (1 mo. USD LIBOR + 3.50%), 8/15/25 | 4,521 | 4,521,123 | ||||||
Asplundh Tree Expert, LLC, Term Loan, 2.615%, (1 mo. USD LIBOR + 2.50%), 9/7/27 | 1,247 | 1,249,769 | ||||||
Avaya, Inc., Term Loan, 12/15/27(14) | 225 | 225,844 | ||||||
Belfor Holdings, Inc., Term Loan, 4.115%, (1 mo. USD LIBOR + 4.00%), 4/6/26 | 566 | 568,499 | ||||||
Blitz 20-487 GmbH, Term Loan, 2/11/28(14) | EUR | 825 | 999,828 | |||||
Bracket Intermediate Holding Corp., Term Loan, 4.488%, (3 mo. USD LIBOR + 4.25%), 9/5/25 | 929 | 929,786 | ||||||
Brand Energy & Infrastructure Services, Inc., Term Loan, 5.25%, (3 mo. USD LIBOR + 4.25%, Floor 1.00%), 6/21/24 | 1,671 | 1,667,591 | ||||||
Camelot U.S. Acquisition 1 Co., Term Loan, 4.00%, (1 mo. USD LIBOR + 3.00%, Floor 1.00%), 10/30/26 | 1,225 | 1,229,900 | ||||||
Cardtronics USA, Inc., Term Loan, 5.00%, (1 mo. USD LIBOR + 4.00%, Floor 1.00%), 6/29/27 | 597 | 599,425 | ||||||
CCC Information Services, Inc., Term Loan, 4.00%, (1 mo. USD LIBOR + 3.00%, Floor 1.00%), 4/29/24 | 3,118 | 3,127,524 | ||||||
Ceridian HCM Holding, Inc., Term Loan, 2.59%, (1 week USD LIBOR + 2.50%), 4/30/25 | 1,045 | 1,042,014 | ||||||
CM Acquisition Co., Term Loan, 11.00%, (3 mo. USD LIBOR + 10.00%, Floor 1.00%), 7/26/23 | 199 | 197,555 | ||||||
Deerfield Dakota Holding, LLC, Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), 4/9/27 | 2,214 | 2,230,083 | ||||||
EAB Global, Inc., Term Loan, 4.75%, (USD LIBOR + 3.75%, Floor 1.00%), 11/15/24(13) | 1,362 | 1,361,500 | ||||||
First Advantage Holdings, LLC, Term Loan, 3.123%, (1 mo. USD LIBOR + 3.00%), 1/31/27 | 3,913 | 3,907,834 | ||||||
Garda World Security Corporation, Term Loan, 4.99%, (3 mo. USD LIBOR + 4.75%), 10/30/26 | 1,426 | 1,431,601 | ||||||
Greeneden U.S. Holdings II, LLC, Term Loan, 4.75%, (1 mo. USD LIBOR + 4.00%, Floor 0.75%), 12/1/27 | 925 | 930,087 | ||||||
IG Investment Holdings, LLC, Term Loan, 5.00%, (3 mo. USD LIBOR + 4.00%, Floor 1.00%), 5/23/25 | 2,588 | 2,601,166 | ||||||
Illuminate Buyer, LLC, Term Loan, 3.615%, (1 mo. USD LIBOR + 3.50%), 6/30/27 | 848 | 849,818 | ||||||
IRI Holdings, Inc., Term Loan, 4.365%, (1 mo. USD LIBOR + 4.25%), 12/1/25 | 2,205 | 2,212,235 |
11
Borrower/Description | Principal Amount* (000’s omitted) | Value | ||||||
Ivanti Software, Inc.: |
| |||||||
Term Loan, 5.75%, (3 mo. USD LIBOR + 4.75%, Floor 1.00%), 12/1/27 | 2,900 | $ | 2,926,584 | |||||
Term Loan, 12/1/27(14) | 800 | 806,166 | ||||||
KAR Auction Services, Inc., Term Loan, 2.375%, (1 mo. USD LIBOR + 2.25%), 9/19/26 | 667 | 659,897 | ||||||
KUEHG Corp.: |
| |||||||
Term Loan, 4.75%, (3 mo. USD LIBOR + 3.75%, Floor 1.00%), 2/21/25 | 2,712 | 2,641,831 | ||||||
Term Loan - Second Lien, 9.25%, (3 mo. USD LIBOR + 8.25%, Floor 1.00%), 8/22/25 | 425 | 409,859 | ||||||
LGC Group Holdings, Ltd., Term Loan, 2.75%, (1 mo. EURIBOR + 2.75%), 4/21/27 | EUR | 500 | 600,259 | |||||
Loire Finco Luxembourg S.a.r.l., Term Loan, 3.115%, (1 mo. USD LIBOR + 3.00%), 4/21/27 | 373 | 371,028 | ||||||
Monitronics International, Inc., Term Loan, 7.75%, (1 mo. USD LIBOR + 6.50%, Floor 1.25%), 3/29/24 | 1,587 | 1,504,322 | ||||||
Packaging Coordinators Midco, Inc., Term Loan, 4.50%, (6 mo. USD LIBOR + 3.75%, Floor 0.75%), 11/30/27 | 1,250 | 1,256,640 | ||||||
PGX Holdings, Inc., Term Loan, 10.50%, (12 mo. USD LIBOR + 9.50%, Floor 1.00%), 6.25% cash, 4.25% PIK, 9/29/23 | 981 | 937,892 | ||||||
Pike Corporation, Term Loan, 3.12%, (1 mo. USD LIBOR + 3.00%), 1/21/28 | 525 | 526,476 | ||||||
Prime Security Services Borrower, LLC, Term Loan, 3.50%, (USD LIBOR + 2.75%, Floor 0.75%), 9/23/26(13) | 2,154 | 2,158,465 | ||||||
Rockwood Service Corporation, Term Loan, 4.365%, (1 mo. USD LIBOR + 4.25%), 1/23/27 | 496 | 499,352 | ||||||
Sabre GLBL, Inc.: |
| |||||||
Term Loan, 2.115%, (1 mo. USD LIBOR + 2.00%), 2/22/24 | 1,019 | 1,003,671 | ||||||
Term Loan, 4.75%, (1 mo. USD LIBOR + 4.00%, Floor 0.75%), 12/17/27 | 450 | 455,813 | ||||||
SMG US Midco 2, Inc., Term Loan, 2.683%, (USD LIBOR + 2.50%), 1/23/25(13) | 243 | 232,530 | ||||||
Sotheby’s, Term Loan, 5.50%, (2 mo. USD LIBOR + 4.75%, Floor 0.75%), 1/15/27 | 666 | 674,148 | ||||||
Speedster Bidco GmbH, Term Loan, 3.25%, (6 mo. EURIBOR + 3.25%), 3/31/27 | EUR | 2,325 | 2,795,586 | |||||
Spin Holdco, Inc., Term Loan, 4.25%, (1 mo. USD LIBOR + 3.25%, Floor 1.00%), 11/14/22 | 3,739 | 3,742,058 | ||||||
Techem Verwaltungsgesellschaft 675 mbH, Term Loan, 2.625%, (6 mo. EURIBOR + 2.625%), 7/15/25 | EUR | 801 | 967,403 | |||||
Tempo Acquisition, LLC, Term Loan, 3.75%, (1 mo. USD LIBOR + 3.25%, Floor 0.50%), 11/2/26 | 1,661 | 1,664,942 | ||||||
Vestcom Parent Holdings, Inc., Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), 12/19/23 | 826 | 823,852 | ||||||
WASH Multifamily Laundry Systems, LLC, Term Loan, 4.25%, (1 mo. USD LIBOR + 3.25%, Floor 1.00%), 5/16/22 | 261 | 261,435 |
12
Borrower/Description | Principal Amount* (000’s omitted) | Value | ||||||
West Corporation: | ||||||||
Term Loan, 4.50%, (USD LIBOR + 3.50%, Floor 1.00%), 10/10/24(13) | 341 | $ | 335,045 | |||||
Term Loan, 5.00%, (USD LIBOR + 4.00%, Floor 1.00%), 10/10/24(13) | 1,140 | 1,124,969 | ||||||
Zephyr Bidco Limited, Term Loan, 4.54%, (1 mo. GBP LIBOR + 4.50%), 7/23/25 | GBP | 775 | 1,073,078 | |||||
|
| |||||||
$ | 71,431,304 | |||||||
|
| |||||||
Cable and Satellite Television — 5.5% | ||||||||
Altice France S.A.: | ||||||||
Term Loan, 3.80%, (1 mo. USD LIBOR + 3.69%), 1/31/26 | 780 | $ | 780,519 | |||||
Term Loan, 4.198%, (3 mo. USD LIBOR + 4.00%), 8/14/26 | 1,233 | 1,235,855 | ||||||
CSC Holdings, LLC: | ||||||||
Term Loan, 2.361%, (1 mo. USD LIBOR + 2.25%), 7/17/25 | 3,676 | 3,664,660 | ||||||
Term Loan, 2.611%, (1 mo. USD LIBOR + 2.50%), 4/15/27 | 1,344 | 1,344,025 | ||||||
Numericable Group S.A.: | ||||||||
Term Loan, 2.865%, (1 mo. USD LIBOR + 2.75%), 7/31/25 | 1,949 | 1,930,963 | ||||||
Term Loan, 3.00%, (3 mo. EURIBOR + 3.00%), 7/31/25 | EUR | 481 | 578,145 | |||||
Telenet Financing USD, LLC, Term Loan, 2.112%, (1 mo. USD LIBOR + 2.00%), 4/30/28 | 4,075 | 4,056,218 | ||||||
UPC Broadband Holding B.V.: | ||||||||
Term Loan, 2.362%, (1 mo. USD LIBOR + 2.25%), 4/30/28 | 900 | 896,555 | ||||||
Term Loan, 2.50%, (6 mo. EURIBOR + 2.50%), 4/30/29 | EUR | 775 | 934,025 | |||||
Term Loan, 3.50%, (6 mo. EURIBOR + 3.50%), 1/31/29 | EUR | 888 | 1,077,774 | |||||
Term Loan, 3.50%, (6 mo. EURIBOR + 3.50%), 1/31/29 | EUR | 888 | 1,077,774 | |||||
Term Loan, 3.612%, (1 mo. USD LIBOR + 3.50%), 1/31/29 | 2,050 | 2,057,944 | ||||||
Term Loan, 3.612%, (1 mo. USD LIBOR + 3.50%), 1/31/29 | 2,050 | 2,057,944 | ||||||
Virgin Media Bristol, LLC: | ||||||||
Term Loan, 2.612%, (1 mo. USD LIBOR + 2.50%), 1/31/28 | 4,625 | 4,618,932 | ||||||
Term Loan, 1/31/29(14) | 1,275 | 1,278,287 | ||||||
Virgin Media SFA Finance Limited, Term Loan, 2.50%, (6 mo. EURIBOR + 2.50%), 1/31/29 | EUR | 1,325 | 1,599,965 | |||||
Ziggo B.V., Term Loan, 3.00%, (6 mo. EURIBOR + 3.00%), 1/31/29 | EUR | 2,425 | 2,926,798 | |||||
|
| |||||||
$ | 32,116,383 | |||||||
|
| |||||||
Chemicals and Plastics — 7.3% | ||||||||
Alpha 3 B.V., Term Loan, 4.00%, (3 mo. USD LIBOR + 3.00%, Floor 1.00%), 1/31/24 | 1,314 | $ | 1,317,630 | |||||
Aruba Investments, Inc.: | ||||||||
Term Loan, 4.00%, (6 mo. EURIBOR + 4.00%), 11/24/27 | EUR | 525 | 637,398 | |||||
Term Loan, 4.75%, (3 mo. USD LIBOR + 4.00%, Floor 0.75%), 11/24/27 | 800 | 807,000 | ||||||
Axalta Coating Systems US Holdings, Inc., Term Loan, 2.004%, (3 mo. USD LIBOR + 1.75%), 6/1/24 | 2,303 | 2,303,495 | ||||||
Charter NEX US, Inc., Term Loan, 5.00%, (1 mo. USD LIBOR + 4.25%, Floor 0.75%), 12/1/27 | 500 | 504,911 | ||||||
Chemours Company (The), Term Loan, 2.50%, (3 mo. EURIBOR + 2.00%, Floor 0.50%), 4/3/25 | EUR | 630 | 760,984 | |||||
Emerald Performance Materials, LLC, Term Loan, 5.00%, (1 mo. USD LIBOR + 4.00%, Floor 1.00%), 8/12/25 | 394 | 395,967 |
13
Borrower/Description | Principal Amount* (000’s omitted) | Value | ||||||
Ferro Corporation: | ||||||||
Term Loan, 2.504%, (3 mo. USD LIBOR + 2.25%), 2/14/24 | 159 | $ | 158,427 | |||||
Term Loan, 2.504%, (3 mo. USD LIBOR + 2.25%), 2/14/24 | 162 | 161,872 | ||||||
Term Loan, 2.504%, (3 mo. USD LIBOR + 2.25%), 2/14/24 | 197 | 196,818 | ||||||
Flint Group GmbH, Term Loan, 6.00%, (USD LIBOR + 5.00%, Floor 1.00%), 5.25% cash, 0.75% PIK, 9/21/23(13) | 157 | 152,680 | ||||||
Flint Group US, LLC, Term Loan, 6.00%, (USD LIBOR + 5.00%, Floor 1.00%), 5.25% cash, 0.75% PIK, 9/21/23(13) | 948 | 923,588 | ||||||
Gemini HDPE, LLC, Term Loan, 3.50%, (3 mo. USD LIBOR + 3.00%, Floor 0.50%), 12/31/27 | 825 | 824,226 | ||||||
H.B. Fuller Company, Term Loan, 2.111%, (1 mo. USD LIBOR + 2.00%), 10/20/24 | 1,166 | 1,166,982 | ||||||
Hexion, Inc.: | ||||||||
Term Loan, 3.74%, (3 mo. USD LIBOR + 3.50%), 7/1/26 | 763 | 761,467 | ||||||
Term Loan, 4.00%, (3 mo. EURIBOR + 4.00%), 7/1/26 | EUR | 1,600 | 1,940,133 | |||||
INEOS 226 Limited, Term Loan, 2.75%, (1 mo. EURIBOR + 2.75%), 1/11/26 | EUR | 3,850 | 4,637,091 | |||||
INEOS Enterprises Holdings II Limited, Term Loan, 3.25%, (3 mo. EURIBOR + 3.25%), 8/28/26 | EUR | 200 | 241,876 | |||||
INEOS Enterprises Holdings US Finco, LLC, Term Loan, 4.50%, (3 mo. USD LIBOR + 3.50%, Floor 1.00%), 8/28/26 | 223 | 224,146 | ||||||
INEOS Finance PLC, Term Loan, 2.50%, (1 mo. EURIBOR + 2.00%, Floor 0.50%), 4/1/24 | EUR | 3,177 | 3,830,951 | |||||
INEOS Styrolution US Holding, LLC, Term Loan, 3.25%, (1 mo. USD LIBOR + 2.75%, Floor 0.50%), 1/29/26 | 2,750 | 2,756,630 | ||||||
Messer Industries GmbH, Term Loan, 2.754%, (3 mo. USD LIBOR + 2.50%), 3/1/26 | 1,523 | 1,525,187 | ||||||
Minerals Technologies, Inc., Term Loan, 3.00%, (USD LIBOR + 2.25%, Floor 0.75%), 2/14/24(13) | 773 | 774,753 | ||||||
Momentive Performance Materials, Inc., Term Loan, 3.37%, (1 mo. USD LIBOR + 3.25%), 5/15/24 | 468 | 463,489 | ||||||
NIC Acquisition Corp., Term Loan, 4.50%, (2 mo. USD LIBOR + 3.75%, Floor 0.75%), 12/29/27 | 825 | 827,063 | ||||||
Orion Engineered Carbons GmbH, Term Loan, 2.25%, (3 mo. EURIBOR + 2.25%), 7/25/24 | EUR | 806 | 976,516 | |||||
PMHC II, Inc., Term Loan, 4.50%, (12 mo. USD LIBOR + 3.50%, Floor 1.00%), 3/31/25 | 1,673 | 1,634,871 | ||||||
PQ Corporation: | ||||||||
Term Loan, 2.462%, (3 mo. USD LIBOR + 2.25%), 2/7/27 | 1,583 | 1,582,803 | ||||||
Term Loan, 4.00%, (3 mo. USD LIBOR + 3.00%, Floor 1.00%), 2/7/27 | 1,565 | 1,569,026 | ||||||
Pregis TopCo Corporation, Term Loan, 3.865%, (1 mo. USD LIBOR + 3.75%), 7/31/26 | 668 | 670,199 | ||||||
Rohm Holding GmbH, Term Loan, 5.228%, (6 mo. USD LIBOR + 5.00%), 7/31/26 | 396 | 395,000 | ||||||
Solenis Holdings, LLC, Term Loan, 6/26/25(14) | EUR | 275 | 333,460 | |||||
Starfruit Finco B.V.: | ||||||||
Term Loan, 3.111%, (1 mo. USD LIBOR + 3.00%), 10/1/25 | 1,491 | 1,488,808 | ||||||
Term Loan, 3.25%, (1 mo. EURIBOR + 3.25%), 10/1/25 | EUR | 448 | 542,075 | |||||
Tronox Finance, LLC, Term Loan, 3.179%, (USD LIBOR + 3.00%), 9/23/24(13) | 2,776 | 2,780,570 | ||||||
Univar, Inc., Term Loan, 2.365%, (1 mo. USD LIBOR + 2.25%), 7/1/24 | 1,953 | 1,956,523 | ||||||
Venator Materials Corporation, Term Loan, 3.115%, (1 mo. USD LIBOR + 3.00%), 8/8/24 | 411 | 409,903 | ||||||
|
| |||||||
$ | 42,634,518 | |||||||
|
|
14
Borrower/Description | Principal Amount* (000’s omitted) | Value | ||||||
Clothing/Textiles — 0.1% | ||||||||
Protective Industrial Products, Inc., Term Loan, 4.75%, (1 mo. USD LIBOR + 4.00%, Floor 0.75%), 1/20/28 | 600 | $ | 601,875 | |||||
|
| |||||||
$ | 601,875 | |||||||
|
| |||||||
Conglomerates — 0.0%(6) | ||||||||
Penn Engineering & Manufacturing Corp., Term Loan, 3.75%, (1 mo. USD LIBOR + 2.75%, Floor 1.00%), 6/27/24 | 184 | $ | 184,735 | |||||
|
| |||||||
$ | 184,735 | |||||||
|
| |||||||
Containers and Glass Products — 2.8% | ||||||||
Berry Global, Inc., Term Loan, 2.121%, (1 mo. USD LIBOR + 2.00%), 7/1/26 | 1,010 | $ | 1,010,572 | |||||
BWAY Holding Company, Term Loan, 3.443%, (USD LIBOR + 3.25%), 4/3/24(13) | 2,496 | 2,457,038 | ||||||
Flex Acquisition Company, Inc.: | ||||||||
Term Loan, 3.238%, (3 mo. USD LIBOR + 3.00%), 6/29/25 | 1,511 | 1,501,917 | ||||||
Term Loan, 4.00%, (3 mo. USD LIBOR + 3.00%, Floor 1.00%), 12/29/23 | 3,438 | 3,438,823 | ||||||
Libbey Glass, Inc., Term Loan, 11.00%, (3 mo. USD LIBOR + 10.00%, Floor 1.00%), 11/12/25 | 812 | 779,197 | ||||||
Proampac PG Borrower, LLC, Term Loan, 11/3/25(14) | 425 | 426,129 | ||||||
Reynolds Group Holdings, Inc.: | ||||||||
Term Loan, 2.865%, (1 mo. USD LIBOR + 2.75%), 2/5/23 | 2,146 | 2,143,664 | ||||||
Term Loan, 3.365%, (1 mo. USD LIBOR + 3.25%), 2/5/26 | 1,550 | 1,546,609 | ||||||
TricorBraun Holdings, Inc.: | ||||||||
Term Loan, 2/3/28(14) | 124 | 124,094 | ||||||
Term Loan, 2/3/28(14) | 551 | 551,703 | ||||||
Trident TPI Holdings, Inc.: | ||||||||
Term Loan, 3.25%, (3 mo. EURIBOR + 3.25%), 10/17/24 | EUR | 1,334 | 1,610,243 | |||||
Term Loan, 4.00%, (3 mo. USD LIBOR + 3.00%, Floor 1.00%), 10/17/24 | 753 | 753,432 | ||||||
|
| |||||||
$ | 16,343,421 | |||||||
|
| |||||||
Cosmetics/Toiletries — 0.2% | ||||||||
Kronos Acquisition Holdings, Inc., Term Loan, 4.25%, (3 mo. USD LIBOR + 3.75%, Floor 0.50%), 12/22/26 | 1,425 | $ | 1,424,822 | |||||
|
| |||||||
$ | 1,424,822 | |||||||
|
| |||||||
Drugs — 7.2% | ||||||||
Aenova Holding GmbH, Term Loan, 5.00%, (6 mo. EURIBOR + 5.00%), 3/6/25 | EUR | 200 | $ | 242,848 | ||||
Akorn, Inc., Term Loan, 8.50%, (3 mo. USD LIBOR + 7.50%, Floor 1.00%), 10/1/25 | 864 | 875,104 | ||||||
Albany Molecular Research, Inc.: | ||||||||
Term Loan, 4.25%, (USD LIBOR + 3.25%, Floor 1.00%), 8/30/24(13) | 822 | 826,281 | ||||||
Term Loan, 4.50%, (USD LIBOR + 3.50%, Floor 1.00%), 8/30/24(13) | 275 | 277,578 | ||||||
Alkermes, Inc., Term Loan, 2.37%, (1 mo. USD LIBOR + 2.25%), 3/27/23 | 393 | 392,595 | ||||||
Amneal Pharmaceuticals, LLC, Term Loan, 3.625%, (1 mo. USD LIBOR + 3.50%), 5/4/25 | 3,704 | 3,663,995 | ||||||
Arbor Pharmaceuticals, Inc., Term Loan, 6.00%, (6 mo. USD LIBOR + 5.00%, Floor 1.00%), 7/5/23 | 891 | 872,275 | ||||||
Bausch Health Companies, Inc., Term Loan, 3.115%, (1 mo. USD LIBOR + 3.00%), 6/2/25 | 4,947 | 4,961,097 | ||||||
Cambrex Corporation, Term Loan, 4.25%, (1 mo. USD LIBOR + 3.50%, Floor 0.75%), 12/4/26 | 325 | 327,099 | ||||||
Catalent Pharma Solutions, Inc., Term Loan, 2.50%, (1 mo. USD LIBOR + 2.00%, Floor 0.50%), 2/22/28 | 860 | 863,986 |
15
Borrower/Description | Principal Amount* (000’s omitted) | Value | ||||||
Elanco Animal Health Incorporated, Term Loan, 1.873%, (1 mo. USD LIBOR + 1.75%), 8/1/27 | 638 | $ | 637,742 | |||||
Endo Luxembourg Finance Company I S.a.r.l., Term Loan, 5.00%, (3 mo. USD LIBOR + 4.25%, Floor 0.75%), 4/29/24 | 5,495 | 5,486,603 | ||||||
Grifols Worldwide Operations USA, Inc., Term Loan, 2.09%, (1 week USD LIBOR + 2.00%), 11/15/27 | 2,531 | 2,528,405 | ||||||
Horizon Therapeutics USA, Inc.: | ||||||||
Term Loan, 2.125%, (1 mo. USD LIBOR + 2.00%), 5/22/26 | 2,196 | 2,198,408 | ||||||
Term Loan, 2/26/28(14) | 2,350 | 2,355,875 | ||||||
Mallinckrodt International Finance S.A.: | ||||||||
Term Loan, 5.50%, (6 mo. USD LIBOR + 4.75%, Floor 0.75%), 9/24/24 | 5,702 | 5,525,399 | ||||||
Term Loan, 5.75%, (1 mo. USD LIBOR + 5.00%, Floor 0.75%), 2/24/25 | 3,273 | 3,174,679 | ||||||
Nidda Healthcare Holding AG, Term Loan, 3.50%, (3 mo. EURIBOR + 3.50%), 8/21/26 | EUR | 625 | 755,508 | |||||
PPD, Inc., Term Loan, 2.75%, (1 mo. USD LIBOR + 2.25%, Floor 0.50%), 1/13/28 | 5,800 | 5,827,190 | ||||||
|
| |||||||
$ | 41,792,667 | |||||||
|
| |||||||
Ecological Services and Equipment — 0.5% | ||||||||
EnergySolutions, LLC, Term Loan, 4.75%, (3 mo. USD LIBOR + 3.75%, Floor 1.00%), 5/9/25 | 1,955 | $ | 1,956,379 | |||||
GFL Environmental, Inc., Term Loan, 3.50%, (3 mo. USD LIBOR + 3.00%, Floor 0.50%), 5/30/25 | 50 | 50,295 | ||||||
TruGreen Limited Partnership, Term Loan, 4.75%, (1 mo. USD LIBOR + 4.00%, Floor 0.75%), 11/2/27 | 650 | 655,688 | ||||||
US Ecology Holdings, Inc., Term Loan, 2.615%, (1 mo. USD LIBOR + 2.50%), 11/1/26 | 272 | 273,611 | ||||||
|
| |||||||
$ | 2,935,973 | |||||||
|
| |||||||
Electronics/Electrical — 25.4% | ||||||||
Allegro Microsystems, Inc., Term Loan, 4.50%, (2 mo. USD LIBOR + 4.00%, Floor 0.50%), 9/30/27 | 48 | $ | 48,017 | |||||
Applied Systems, Inc., Term Loan - Second Lien, 8.00%, (3 mo. USD LIBOR + 7.00%, Floor 1.00%), 9/19/25 | 2,700 | 2,727,000 | ||||||
Aptean, Inc.: | ||||||||
Term Loan, 4.365%, (1 mo. USD LIBOR + 4.25%), 4/23/26 | 763 | 765,016 | ||||||
Term Loan - Second Lien, 8.615%, (1 mo. USD LIBOR + 8.50%), 4/23/27 | 1,525 | 1,525,000 | ||||||
AQA Acquisition Holding, Inc., Term Loan, 11/19/27(14) | 975 | 978,656 | ||||||
Astra Acquisition Corp., Term Loan, 7.75%, (USD Prime + 4.50%), 3/1/27 | 868 | 874,951 | ||||||
Avast Software B.V., Term Loan, 3.25%, (3 mo. USD LIBOR + 2.25%, Floor 1.00%), 9/29/23 | 196 | 197,000 | ||||||
Banff Merger Sub, Inc.: | ||||||||
Term Loan, 3.898%, (1 mo. USD LIBOR + 3.75%), 10/2/25 | 3,781 | 3,786,432 | ||||||
Term Loan, 4.00%, (1 mo. EURIBOR + 4.00%), 10/2/25 | EUR | 294 | 355,687 | |||||
Barracuda Networks, Inc., Term Loan - Second Lien, 7.50%, (3 mo. USD LIBOR + 6.75%, Floor 0.75%), 10/30/28 | 450 | 459,000 | ||||||
Buzz Merger Sub, Ltd.: | ||||||||
Term Loan, 2.865%, (1 mo. USD LIBOR + 2.75%), 1/29/27 | 596 | 594,383 | ||||||
Term Loan, 3.75%, (1 mo. USD LIBOR + 3.25%, Floor 0.50%), 1/29/27 | 249 | 249,219 | ||||||
Cambium Learning Group, Inc., Term Loan, 4.754%, (3 mo. USD LIBOR + 4.50%), 12/18/25 | 973 | 975,801 | ||||||
Celestica, Inc., Term Loan, 2.615%, (1 mo. USD LIBOR + 2.50%), 6/27/25 | 240 | 239,700 | ||||||
CentralSquare Technologies, LLC, Term Loan, 4.004%, (3 mo. USD LIBOR + 3.75%), 8/29/25 | 907 | 870,240 |
16
Borrower/Description | Principal Amount* (000’s omitted) | Value | ||||||
Cloudera, Inc., Term Loan, 3.25%, (1 mo. USD LIBOR + 2.50%, Floor 0.75%), 12/22/27 | 675 | $ | 676,688 | |||||
Cohu, Inc., Term Loan, 3.115%, (1 mo. USD LIBOR + 3.00%), 10/1/25 | 806 | 804,579 | ||||||
CommScope, Inc., Term Loan, 3.365%, (1 mo. USD LIBOR + 3.25%), 4/6/26 | 1,827 | 1,829,444 | ||||||
Concorde Midco, Ltd., Term Loan, 2/22/28(14) | EUR | 575 | 696,368 | |||||
Cornerstone OnDemand, Inc., Term Loan, 4.361%, (1 mo. USD LIBOR + 4.25%), 4/22/27 | 1,548 | 1,559,771 | ||||||
CPI International, Inc., Term Loan, 4.50%, (1 mo. USD LIBOR + 3.50%, Floor 1.00%), 7/26/24 | 660 | 661,378 | ||||||
Delta TopCo, Inc.: | ||||||||
Term Loan, 4.50%, (3 mo. USD LIBOR + 3.75%, Floor 0.75%), 12/1/27 | 1,575 | 1,585,828 | ||||||
Term Loan - Second Lien, 8.00%, (3 mo. USD LIBOR + 7.25%, Floor 0.75%), 12/1/28 | 2,250 | 2,300,625 | ||||||
E2open, LLC, Term Loan, 4.00%, (3 mo. USD LIBOR + 3.50%, Floor 0.50%), 10/29/27 | 975 | 977,438 | ||||||
ECI Macola/Max Holdings, LLC, Term Loan, 4.50%, (3 mo. USD LIBOR + 3.75%, Floor 0.75%), 11/9/27 | 1,225 | 1,230,972 | ||||||
Electro Rent Corporation, Term Loan, 6.00%, (3 mo. USD LIBOR + 5.00%, Floor 1.00%), 1/31/24 | 1,741 | 1,756,121 | ||||||
Endure Digital, Inc., Term Loan, 2/10/28(14) | 3,350 | 3,346,509 | ||||||
Energizer Holdings, Inc., Term Loan, 2.75%, (1 mo. USD LIBOR + 2.25%, Floor 0.50%), 12/22/27 | 1,203 | 1,206,100 | ||||||
Epicor Software Corporation: | ||||||||
Term Loan, 4.00%, (1 mo. USD LIBOR + 3.25%, Floor 0.75%), 7/30/27 | 5,144 | 5,178,978 | ||||||
Term Loan - Second Lien, 8.75%, (1 mo. USD LIBOR + 7.75%, Floor 1.00%), 7/31/28 | 925 | 968,167 | ||||||
EXC Holdings III Corp., Term Loan, 4.50%, (3 mo. USD LIBOR + 3.50%, Floor 1.00%), 12/2/24 | 1,650 | 1,650,426 | ||||||
Finastra USA, Inc., Term Loan, 4.50%, (6 mo. USD LIBOR + 3.50%, Floor 1.00%), 6/13/24 | 5,709 | 5,658,212 | ||||||
Fiserv Investment Solutions, Inc., Term Loan, 4.939%, (3 mo. USD LIBOR + 4.75%), 2/18/27 | 597 | 599,985 | ||||||
Gainwell Acquisition Corp., Term Loan, 4.75%, (3 mo. USD LIBOR + 4.00%, Floor 0.75%), 10/1/27 | 6,450 | 6,439,248 | ||||||
GlobalLogic Holdings, Inc.: | ||||||||
Term Loan, 2.865%, (1 mo. USD LIBOR + 2.75%), 8/1/25 | 450 | 450,832 | ||||||
Term Loan, 4.50%, (1 mo. USD LIBOR + 3.75%, Floor 0.75%), 9/14/27 | 823 | 830,138 | ||||||
Go Daddy Operating Company, LLC, Term Loan, 2.615%, (1 mo. USD LIBOR + 2.50%), 8/10/27 | 1,219 | 1,221,583 | ||||||
Grab Holdings, Inc., Term Loan, 5.50%, (6 mo. USD LIBOR + 4.50%, Floor 1.00%), 1/29/26 | 2,525 | 2,533,944 | ||||||
Hyland Software, Inc.: | ||||||||
Term Loan, 4.25%, (1 mo. USD LIBOR + 3.50%, Floor 0.75%), 7/1/24 | 6,446 | 6,478,046 | ||||||
Term Loan - Second Lien, 7.75%, (1 mo. USD LIBOR + 7.00%, Floor 0.75%), 7/7/25 | 3,806 | 3,856,745 | ||||||
Imperva, Inc., Term Loan, 5.00%, (3 mo. USD LIBOR + 4.00%, Floor 1.00%), 1/12/26 | �� | 648 | 652,204 | |||||
Imprivata, Inc., Term Loan, 4.25%, (1 mo. USD LIBOR + 3.75%, Floor 0.50%), 12/1/27 | 1,300 | 1,308,735 | ||||||
Informatica, LLC: | ||||||||
Term Loan, 3.25%, (3 mo. EURIBOR + 3.25%), 2/25/27 | EUR | 298 | 359,325 |
17
Borrower/Description | Principal Amount* (000’s omitted) | Value | ||||||
Term Loan, 3.365%, (1 mo. USD LIBOR + 3.25%), 2/25/27 | 6,426 | $ | 6,430,011 | |||||
Term Loan - Second Lien, 7.125%, 2/25/25(15) | 550 | 565,354 | ||||||
Liftoff Mobile, Inc., Term Loan, 2/18/28(14) | 550 | 551,031 | ||||||
LogMeIn, Inc., Term Loan, 4.874%, (1 mo. USD LIBOR + 4.75%), 8/31/27 | 2,050 | 2,053,631 | ||||||
MA FinanceCo., LLC: | ||||||||
Term Loan, 2.865%, (1 mo. USD LIBOR + 2.75%), 6/21/24 | 494 | 489,210 | ||||||
Term Loan, 4.50%, (3 mo. EURIBOR + 4.50%), 6/5/25 | EUR | 741 | 909,798 | |||||
Term Loan, 5.25%, (3 mo. USD LIBOR + 4.25%, Floor 1.00%), 6/5/25 | 1,876 | 1,903,611 | ||||||
Marcel LUX IV S.a.r.l., Term Loan, 4.75%, (2 mo. USD LIBOR + 4.00%, Floor 0.75%), 12/31/27 | 500 | 503,125 | ||||||
MaxLinear, Inc., Term Loan, 4.365%, (1 mo. USD LIBOR + 4.25%), 7/31/23 | 1,083 | 1,082,813 | ||||||
Mirion Technologies, Inc., Term Loan, 4.257%, (3 mo. USD LIBOR + 4.00%), 3/6/26 | 1,364 | 1,370,937 | ||||||
MTS Systems Corporation, Term Loan, 4.00%, (1 mo. USD LIBOR + 3.25%, Floor 0.75%), 7/5/23 | 520 | 520,589 | ||||||
NCR Corporation, Term Loan, 2.72%, (3 mo. USD LIBOR + 2.50%), 8/28/26 | 1,541 | 1,531,401 | ||||||
Panther Commercial Holdings L.P, Term Loan, 4.712%, (3 mo. USD LIBOR + 4.50%), 1/7/28 | 650 | 651,422 | ||||||
PointClickCare Technologies, Inc., Term Loan, 3.75%, (6 mo. USD LIBOR + 3.00%, Floor 0.75%), 12/29/27 | 675 | 678,797 | ||||||
Rackspace Hosting, Inc., Term Loan, 3.50%, (3 mo. USD LIBOR + 2.75%, Floor 0.75%), 2/3/28 | 1,600 | 1,602,099 | ||||||
RealPage, Inc., Term Loan, 2/17/28(14) | 2,550 | 2,556,773 | ||||||
Recorded Books, Inc., Term Loan, 4.113%, (1 mo. USD LIBOR + 4.00%), 8/29/25 | 2,520 | 2,529,805 | ||||||
Redstone Buyer, LLC, Term Loan, 6.00%, (3 mo. USD LIBOR + 5.00%, Floor 1.00%), 9/1/27 | 2,838 | 2,878,239 | ||||||
Renaissance Holding Corp.: | ||||||||
Term Loan, 5/30/25(14) | 100 | 99,200 | ||||||
Term Loan - Second Lien, 7.115%, (1 mo. USD LIBOR + 7.00%), 5/29/26 | 200 | 200,250 | ||||||
Riverbed Technology, Inc., Term Loan - Second Lien, 12.00%, (3 mo. USD LIBOR + 11.00%, Floor 1.00%), 7.50% cash, 4.50% PIK, 12/31/26 | 23 | 18,911 | ||||||
Seattle Spinco, Inc., Term Loan, 2.865%, (1 mo. USD LIBOR + 2.75%), 6/21/24 | 3,334 | 3,303,757 | ||||||
SkillSoft Corporation: | ||||||||
Term Loan, 8.50%, (3 mo. USD LIBOR + 7.50%, Floor 1.00%), 12/27/24 | 452 | 464,073 | ||||||
Term Loan - Second Lien, 8.50%, (3 mo. USD LIBOR + 7.50%, Floor 1.00%), 4/27/25 | 1,492 | 1,491,320 | ||||||
SolarWinds Holdings, Inc., Term Loan, 2.865%, (1 mo. USD LIBOR + 2.75%), 2/5/24 | 3,402 | 3,358,187 | ||||||
Solera, LLC, Term Loan, 2.865%, (1 mo. USD LIBOR + 2.75%), 3/3/23 | 2,779 | 2,780,281 | ||||||
Sophia L.P., Term Loan, 4.50%, (3 mo. USD LIBOR + 3.75%, Floor 0.75%), 10/7/27 | 450 | 452,390 | ||||||
SurveyMonkey, Inc., Term Loan, 3.84%, (1 week USD LIBOR + 3.75%), 10/10/25 | 1,039 | 1,040,708 | ||||||
Symplr Software, Inc., Term Loan, 5.25%, (6 mo. USD LIBOR + 4.50%, Floor 0.75%), 12/22/27 | 875 | 880,688 | ||||||
Tech Data Corporation, Term Loan, 3.615%, (1 mo. USD LIBOR + 3.50%), 6/30/25 | 1,197 | 1,207,025 | ||||||
Tibco Software, Inc.: | ||||||||
Term Loan, 3.87%, (1 mo. USD LIBOR + 3.75%), 6/30/26 | 5,333 | 5,344,926 | ||||||
Term Loan - Second Lien, 7.37%, (1 mo. USD LIBOR + 7.25%), 3/3/28 | 1,350 | 1,368,563 | ||||||
TTM Technologies, Inc., Term Loan, 2.623%, (1 mo. USD LIBOR + 2.50%), 9/28/24 | 150 | 150,208 | ||||||
Uber Technologies, Inc.: | ||||||||
Term Loan, 4/4/25(14) | 2,710 | 2,721,023 | ||||||
Term Loan, 3.688%, (3 mo. USD LIBOR + 3.50%), 2/16/27 | 4,217 | 4,229,777 |
18
Borrower/Description | Principal Amount* (000’s omitted) | Value | ||||||
Ultimate Software Group, Inc. (The): | ||||||||
Term Loan, 3.865%, (1 mo. USD LIBOR + 3.75%), 5/4/26 | 1,753 | $ | 1,764,549 | |||||
Term Loan, 4.00%, (3 mo. USD LIBOR + 3.25%, Floor 0.75%), 5/4/26 | 4,614 | 4,647,683 | ||||||
Term Loan - Second Lien, 7.50%, (3 mo. USD LIBOR + 6.75%, Floor 0.75%), 5/3/27 | 275 | 285,656 | ||||||
Ultra Clean Holdings, Inc., Term Loan, 4.615%, (1 mo. USD LIBOR + 4.50%), 8/27/25 | 740 | 742,269 | ||||||
Valkyr Purchaser, LLC, Term Loan, 4.75%, (3 mo. USD LIBOR + 4.00%, Floor 0.75%), 10/29/27 | 800 | 808,000 | ||||||
Verifone Systems, Inc., Term Loan, 4.182%, (3 mo. USD LIBOR + 4.00%), 8/20/25 | 1,248 | 1,220,859 | ||||||
Verisure Holding AB, Term Loan, 1/15/28(14) | EUR | 850 | 1,028,417 | |||||
Veritas US, Inc.: | ||||||||
Term Loan, 6.50%, (1 mo. EURIBOR + 5.50%, Floor 1.00%), 9/1/25 | EUR | 372 | 453,619 | |||||
Term Loan, 6.50%, (3 mo. USD LIBOR + 5.50%, Floor 1.00%), 9/1/25 | 2,743 | 2,764,041 | ||||||
Vero Parent, Inc., Term Loan, 5.50%, (3 mo. USD LIBOR + 4.75%, Floor 0.75%), 8/16/24 | 2,540 | 2,554,567 | ||||||
VS Buyer, LLC, Term Loan, 3.115%, (1 mo. USD LIBOR + 3.00%), 2/28/27 | 1,241 | 1,244,244 | ||||||
Vungle, Inc., Term Loan, 5.615%, (1 mo. USD LIBOR + 5.50%), 9/30/26 | 716 | 718,846 | ||||||
|
| |||||||
$ | 147,617,174 | |||||||
|
| |||||||
Equipment Leasing — 0.7% | ||||||||
Avolon TLB Borrower 1 (US), LLC, Term Loan, 3.25%, (1 mo. USD LIBOR + 2.50%, Floor 0.75%), 12/1/27 | 2,025 | $ | 2,032,594 | |||||
Boels Topholding B.V., Term Loan, 4.00%, (3 mo. EURIBOR + 4.00%), 2/6/27 | EUR | 600 | 727,808 | |||||
Fly Funding II S.a.r.l., Term Loan, 7.00%, (6 mo. USD LIBOR + 6.00%, Floor 1.00%), 10/8/25 | 1,308 | 1,311,709 | ||||||
|
| |||||||
$ | 4,072,111 | |||||||
|
| |||||||
Financial Intermediaries — 3.2% | ||||||||
Aretec Group, Inc., Term Loan, 4.365%, (1 mo. USD LIBOR + 4.25%), 10/1/25 | 5,062 | $ | 5,065,825 | |||||
Citco Funding, LLC, Term Loan, 2.769%, (6 mo. USD LIBOR + 2.50%), 9/28/23 | 2,770 | 2,769,870 | ||||||
Ditech Holding Corporation, Term Loan, 0.00%, 6/30/22(16) | 2,592 | 868,316 | ||||||
EIG Management Company, LLC, Term Loan, 4.50%, (1 mo. USD LIBOR + 3.75%, Floor 0.75%), 2/22/25 | 267 | 269,109 | ||||||
Evergood 4 ApS, Term Loan, 3.75%, (3 mo. EURIBOR + 3.75%), 2/6/25 | EUR | 750 | 906,107 | |||||
Focus Financial Partners, LLC, Term Loan, 2.115%, (1 mo. USD LIBOR + 2.00%), 7/3/24 | 3,033 | 3,029,751 | ||||||
Greenhill & Co., Inc., Term Loan, 3.365%, (1 mo. USD LIBOR + 3.25%), 4/12/24 | 572 | 571,368 | ||||||
GreenSky Holdings, LLC: | ||||||||
Term Loan, 3.375%, (1 mo. USD LIBOR + 3.25%), 3/31/25 | 1,459 | 1,422,281 | ||||||
Term Loan, 5.50%, (1 mo. USD LIBOR + 4.50%, Floor 1.00%), 3/29/25 | 498 | 497,500 | ||||||
LPL Holdings, Inc., Term Loan, 1.868%, (1 mo. USD LIBOR + 1.75%), 11/12/26 | 1,485 | 1,478,503 | ||||||
Victory Capital Holdings, Inc., Term Loan, 2.439%, (2 mo. USD LIBOR + 2.25%), 7/1/26 | 1,079 | 1,077,337 | ||||||
Virtus Investment Partners, Inc., Term Loan, 3.00%, (6 mo. USD LIBOR + 2.25%, Floor 0.75%), 6/1/24 | 439 | 440,658 | ||||||
|
| |||||||
$ | 18,396,625 | |||||||
|
|
19
Borrower/Description | Principal Amount* (000’s omitted) | Value | ||||||
Food Products — 3.7% | ||||||||
Alphabet Holding Company, Inc., Term Loan, 3.615%, (1 mo. USD LIBOR + 3.50%), 9/26/24 | 2,516 | $ | 2,512,748 | |||||
B&G Foods, Inc., Term Loan, 2.615%, (1 mo. USD LIBOR + 2.50%), 10/10/26 | 402 | 403,504 | ||||||
Badger Buyer Corp., Term Loan, 4.50%, (1 mo. USD LIBOR + 3.50%, Floor 1.00%), 9/30/24 | 363 | 350,114 | ||||||
CHG PPC Parent, LLC: | ||||||||
Term Loan, 2.865%, (1 mo. USD LIBOR + 2.75%), 3/31/25 | 512 | 510,595 | ||||||
Term Loan, 3.50%, (1 mo. EURIBOR + 3.50%), 3/31/25 | EUR | 3,125 | 3,789,323 | |||||
Froneri International, Ltd.: | ||||||||
Term Loan, 2.365%, (1 mo. USD LIBOR + 2.25%), 1/29/27 | 2,189 | 2,172,955 | ||||||
Term Loan, 2.625%, (6 mo. EURIBOR + 2.625%), 1/29/27 | EUR | 1,300 | 1,564,595 | |||||
H Food Holdings, LLC: | ||||||||
Term Loan, 3.802%, (1 mo. USD LIBOR + 3.69%), 5/23/25 | 1,736 | 1,729,558 | ||||||
Term Loan, 4.115%, (1 mo. USD LIBOR + 4.00%), 5/23/25 | 490 | 491,225 | ||||||
HLF Financing S.a.r.l., Term Loan, 2.615%, (1 mo. USD LIBOR + 2.50%), 8/18/25 | 803 | 804,732 | ||||||
Jacobs Douwe Egberts International B.V., Term Loan, 2.25%, (3 mo. EURIBOR + 1.75%, Floor 0.50%), 11/1/25 | EUR | 285 | 345,834 | |||||
JBS USA LUX S.A., Term Loan, 2.115%, (1 mo. USD LIBOR + 2.00%), 5/1/26 | 4,372 | 4,371,578 | ||||||
Nomad Foods Europe Midco Limited, Term Loan, 2.362%, (1 mo. USD LIBOR + 2.25%), 5/15/24 | 1,267 | 1,262,604 | ||||||
Shearer’s Foods, Inc., Term Loan, 4.75%, (6 mo. USD LIBOR + 4.00%, Floor 0.75%), 9/23/27 | 449 | 451,881 | ||||||
Simply Good Foods USA, Inc., Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), 7/7/24 | 340 | 342,400 | ||||||
UTZ Quality Foods, LLC, Term Loan, 3.111%, (1 mo. USD LIBOR + 3.00%), 1/13/28 | 175 | 176,266 | ||||||
|
| |||||||
$ | 21,279,912 | |||||||
|
| |||||||
Food Service — 0.8% | ||||||||
IRB Holding Corp.: | ||||||||
Term Loan, 3.75%, (6 mo. USD LIBOR + 2.75%, Floor 1.00%), 2/5/25 | 2,521 | $ | 2,522,058 | |||||
Term Loan, 4.25%, (3 mo. USD LIBOR + 3.25%, Floor 1.00%), 12/15/27 | 2,100 | 2,111,649 | ||||||
|
| |||||||
$ | 4,633,707 | |||||||
|
| |||||||
Food/Drug Retailers — 0.3% | ||||||||
BW Gas & Convenience Holdings, LLC, Term Loan, 6.37%, (1 mo. USD LIBOR + 6.25%), 11/18/24 | 502 | $ | 510,299 | |||||
L1R HB Finance Limited: | ||||||||
Term Loan, 4.25%, (3 mo. EURIBOR + 4.25%), 8/9/24 | EUR | 450 | 516,617 | |||||
Term Loan, 5.273%, (3 mo. GBP LIBOR + 5.25%), 9/2/24 | GBP | 450 | 587,725 | |||||
|
| |||||||
$ | 1,614,641 | |||||||
|
|
20
Borrower/Description | Principal Amount* (000’s omitted) | Value | ||||||
Forest Products — 0.4% | ||||||||
Domtar Corporation, Term Loan, 2/18/28(14) | 1,275 | $ | 1,279,781 | |||||
Neenah, Inc., Term Loan, 5.00%, (3 mo. USD LIBOR + 4.00%, Floor 1.00%), 6/30/27 | 995 | 999,975 | ||||||
|
| |||||||
$ | 2,279,756 | |||||||
|
| |||||||
Health Care — 13.8% | ||||||||
Accelerated Health Systems, LLC, Term Loan, 3.611%, (1 mo. USD LIBOR + 3.50%), 10/31/25 | 564 | $ | 562,091 | |||||
ADMI Corp., Term Loan, 2.865%, (1 mo. USD LIBOR + 2.75%), 4/30/25 | 1,804 | 1,788,896 | ||||||
Alliance Healthcare Services, Inc.: | ||||||||
Term Loan, 5.50%, (1 mo. USD LIBOR + 4.50%, Floor 1.00%), 10/24/23 | 779 | 722,884 | ||||||
Term Loan - Second Lien, 12.00%, (1 mo. USD LIBOR + 11.00%, Floor 1.00%), 4/24/24 | 543 | 241,444 | ||||||
athenahealth, Inc., Term Loan, 4.453%, (3 mo. USD LIBOR + 4.25%), 2/11/26 | 2,640 | 2,659,359 | ||||||
Avantor Funding, Inc.: | ||||||||
Term Loan, 3.25%, (1 mo. USD LIBOR + 2.25%, Floor 1.00%), 11/21/24 | 371 | 372,386 | ||||||
Term Loan, 3.50%, (1 mo. USD LIBOR + 2.50%, Floor 1.00%), 11/8/27 | 450 | 453,164 | ||||||
BioClinica Holding I L.P., Term Loan, 5.25%, (1 mo. USD LIBOR + 4.25%, Floor 1.00%), 10/20/23 | 1,490 | 1,493,650 | ||||||
Biogroup-LCD, Term Loan, 3.50%, (6 mo. EURIBOR + 3.50%), 1/28/28 | EUR | 250 | 302,062 | |||||
BW NHHC Holdco, Inc., Term Loan, 5.189%, (3 mo. USD LIBOR + 5.00%), 5/15/25 | 2,504 | 2,305,663 | ||||||
Cano Health, LLC: | ||||||||
Term Loan, 0.50%, 11/19/27(12) | 374 | 374,806 | ||||||
Term Loan, 5.50%, (3 mo. USD LIBOR + 4.75%, Floor 0.75%), 11/19/27 | 1,026 | 1,028,038 | ||||||
CeramTec AcquiCo GmbH, Term Loan, 2.50%, (3 mo. EURIBOR + 2.50%), 3/7/25 | EUR | 1,328 | 1,578,069 | |||||
Certara L.P., Term Loan, 3.754%, (3 mo. USD LIBOR + 3.50%), 8/15/24 | 965 | 966,996 | ||||||
Change Healthcare Holdings, LLC, Term Loan, 3.50%, (1 mo. USD LIBOR + 2.50%, Floor 1.00%), 3/1/24 | 4,985 | 4,996,551 | ||||||
CHG Healthcare Services, Inc., Term Loan, 4.00%, (3 mo. USD LIBOR + 3.00%, Floor 1.00%), 6/7/23 | 3,440 | 3,446,012 | ||||||
CryoLife, Inc., Term Loan, 4.25%, (3 mo. USD LIBOR + 3.25%, Floor 1.00%), 12/1/24 | 509 | 511,160 | ||||||
Dedalus Finance GmbH: | ||||||||
Term Loan, 4.50%, (6 mo. EURIBOR + 4.50%), 5/4/27 | EUR | 825 | 1,001,522 | |||||
Term Loan, 8/16/27(14) | EUR | 1,200 | 1,456,759 | |||||
Ensemble RCM, LLC, Term Loan, 3.962%, (3 mo. USD LIBOR + 3.75%), 8/3/26 | 1,493 | 1,500,594 | ||||||
Envision Healthcare Corporation, Term Loan, 3.865%, (1 mo. USD LIBOR + 3.75%), 10/10/25 | 6,058 | 5,229,053 | ||||||
eResearchTechnology, Inc., Term Loan, 2/4/27(14) | 350 | 352,063 | ||||||
Gentiva Health Services, Inc., Term Loan, 2.875%, (1 mo. USD LIBOR + 2.75%), 7/2/25 | 2,207 | 2,216,121 | ||||||
GHX Ultimate Parent Corporation, Term Loan, 4.25%, (3 mo. USD LIBOR + 3.25%, Floor 1.00%), 6/28/24 | 967 | 969,257 | ||||||
Greatbatch, Ltd., Term Loan, 3.50%, (1 mo. USD LIBOR + 2.50%, Floor 1.00%), 10/27/22 | 1,368 | 1,372,633 | ||||||
Hanger, Inc., Term Loan, 3.615%, (1 mo. USD LIBOR + 3.50%), 3/6/25 | 1,118 | 1,122,336 | ||||||
Inovalon Holdings, Inc., Term Loan, 2.875%, (1 mo. USD LIBOR + 2.75%), 4/2/25 | 1,247 | 1,250,647 | ||||||
IQVIA, Inc., Term Loan, 1.865%, (1 mo. USD LIBOR + 1.75%), 3/7/24 | 551 | 550,944 | ||||||
MedAssets Software Intermediate Holdings, Inc., Term Loan, 4.50%, (6 mo. USD LIBOR + 3.75%, Floor 0.75%), 1/28/28 | 500 | 501,979 |
21
Borrower/Description | Principal Amount* (000’s omitted) | Value | ||||||
Medical Solutions, LLC, Term Loan, 5.50%, (3 mo. USD LIBOR + 4.50%, Floor 1.00%), 6/14/24 | 1,616 | $ | 1,620,634 | |||||
MPH Acquisition Holdings, LLC, Term Loan, 3.75%, (3 mo. USD LIBOR + 2.75%, Floor 1.00%), 6/7/23 | 2,862 | 2,862,880 | ||||||
National Mentor Holdings, Inc.: | ||||||||
Term Loan, 4.411%, (USD LIBOR + 4.25%), 3/9/26(13) | 908 | 910,142 | ||||||
Term Loan, 4.51%, (3 mo. USD LIBOR + 4.25%), 3/9/26 | 36 | 35,627 | ||||||
Term Loan, 2/18/28(14) | 71 | 70,788 | ||||||
Term Loan, 2/18/28(14) | 233 | 233,338 | ||||||
Term Loan, 2/18/28(14) | 2,121 | 2,121,256 | ||||||
Navicure, Inc.: | ||||||||
Term Loan, 4.115%, (1 mo. USD LIBOR + 4.00%), 10/22/26 | 1,017 | 1,023,671 | ||||||
Term Loan, 4.75%, (1 mo. USD LIBOR + 4.00%, Floor 0.75%), 10/22/26 | 549 | 551,368 | ||||||
One Call Corporation, Term Loan, 6.25%, (3 mo. USD LIBOR + 5.25%, Floor 1.00%), 11/27/22 | 1,849 | 1,812,238 | ||||||
Ortho-Clinical Diagnostics S.A.: | ||||||||
Term Loan, 3.363%, (1 mo. USD LIBOR + 3.25%), 6/30/25 | 2,879 | 2,886,386 | ||||||
Term Loan, 3.50%, (3 mo. EURIBOR + 3.50%), 6/30/25 | EUR | 422 | 510,338 | |||||
Parexel International Corporation, Term Loan, 2.865%, (1 mo. USD LIBOR + 2.75%), 9/27/24 | 1,566 | 1,559,224 | ||||||
PetVet Care Centers, LLC, Term Loan, 4.25%, (1 mo. USD LIBOR + 3.50%, Floor 0.75%), 2/14/25 | 200 | 200,562 | ||||||
Phoenix Guarantor, Inc.: | ||||||||
Term Loan, 3.361%, (1 mo. USD LIBOR + 3.25%), 3/5/26 | 1,945 | 1,941,096 | ||||||
Term Loan, 4.25%, (1 mo. USD LIBOR + 3.75%, Floor 0.50%), 3/5/26 | 625 | 626,567 | ||||||
Term Loan, 3/5/26(14) | 925 | 927,313 | ||||||
Radiology Partners, Inc., Term Loan, 4.795%, (USD LIBOR + 4.25%), 7/9/25(13) | 2,555 | 2,548,042 | ||||||
RadNet, Inc., Term Loan, 4.75%, (6 mo. USD LIBOR + 3.75%, Floor 1.00%), 6/30/23 | 1,559 | 1,562,978 | ||||||
Select Medical Corporation, Term Loan, 2.53%, (6 mo. USD LIBOR + 2.25%), 3/6/25 | 2,709 | 2,707,519 | ||||||
Sotera Health Holdings, LLC, Term Loan, 3.25%, (2 mo. USD LIBOR + 2.75%, Floor 0.50%), 12/11/26 | 675 | 676,406 | ||||||
Sound Inpatient Physicians, Term Loan, 2.865%, (1 mo. USD LIBOR + 2.75%), 6/27/25 | 488 | 487,195 | ||||||
Surgery Center Holdings, Inc., Term Loan, 4.25%, (1 mo. USD LIBOR + 3.25%, Floor 1.00%), 9/3/24 | 3,422 | 3,416,256 | ||||||
Synlab Bondco PLC, Term Loan, 3.25%, (6 mo. EURIBOR + 3.25%), 7/31/27 | EUR | 325 | 393,820 | |||||
Team Health Holdings, Inc., Term Loan, 3.75%, (1 mo. USD LIBOR + 2.75%, Floor 1.00%), 2/6/24 | 1,987 | 1,861,825 | ||||||
Tecomet, Inc., Term Loan, 4.50%, (3 mo. USD LIBOR + 3.50%, Floor 1.00%), 5/1/24 | 192 | 190,656 | ||||||
U.S. Anesthesia Partners, Inc., Term Loan, 4.00%, (6 mo. USD LIBOR + 3.00%, Floor 1.00%), 6/23/24 | 2,616 | 2,603,689 | ||||||
US Radiology Specialists, Inc., Term Loan, 6.25%, (3 mo. USD LIBOR + 5.50%, Floor 0.75%), 12/10/27 | 900 | 908,719 | ||||||
Verscend Holding Corp.: | ||||||||
Term Loan, 4.615%, (1 mo. USD LIBOR + 4.50%), 8/27/25 | 797 | 801,016 | ||||||
Term Loan, 8/27/25(14) | 800 | 806,000 | ||||||
|
| |||||||
$ | 80,184,688 | |||||||
|
|
22
Borrower/Description | Principal Amount* (000’s omitted) | Value | ||||||
Home Furnishings — 1.0% | ||||||||
Mattress Firm, Inc., Term Loan, 6.25%, (6 mo. USD LIBOR + 5.25%, Floor 1.00%), 11/26/27 | 925 | $ | 943,500 | |||||
Serta Simmons Bedding, LLC: | ||||||||
Term Loan, 8.50%, (1 mo. USD LIBOR + 7.50%, Floor 1.00%), 8/10/23 | 1,171 | 1,189,657 | ||||||
Term Loan - Second Lien, 8.50%, (1 mo. USD LIBOR + 7.50%, Floor 1.00%), 8/10/23 | 3,873 | 3,666,259 | ||||||
|
| |||||||
$ | 5,799,416 | |||||||
|
| |||||||
Industrial Equipment — 7.7% | ||||||||
AI Alpine AT Bidco GmbH, Term Loan, 3.234%, (6 mo. USD LIBOR + 3.00%), 10/31/25 | 245 | $ | 241,325 | |||||
Alliance Laundry Systems, LLC, Term Loan, 4.25%, (3 mo. USD LIBOR + 3.50%, Floor 0.75%), 10/8/27 | 1,225 | 1,231,453 | ||||||
Altra Industrial Motion Corp., Term Loan, 2.115%, (1 mo. USD LIBOR + 2.00%), 10/1/25 | 609 | 609,431 | ||||||
Apex Tool Group, LLC, Term Loan, 6.50%, (1 mo. USD LIBOR + 5.25%, Floor 1.25%), 8/1/24 | 2,952 | 2,954,912 | ||||||
CFS Brands, LLC, Term Loan, 4.00%, (6 mo. USD LIBOR + 3.00%, Floor 1.00%), 3/20/25 | 268 | 258,798 | ||||||
CPM Holdings, Inc., Term Loan, 3.623%, (1 mo. USD LIBOR + 3.50%), 11/17/25 | 2,209 | 2,191,830 | ||||||
Delachaux Group S.A.: |
| |||||||
Term Loan, 3.75%, (6 mo. EURIBOR + 3.75%), 4/16/26 | EUR | 400 | 483,740 | |||||
Term Loan, 4.744%, (6 mo. USD LIBOR + 4.50%), 4/16/26 | 470 | 468,781 | ||||||
DexKo Global, Inc.: |
| |||||||
Term Loan, 3.75%, (3 mo. EURIBOR + 3.75%), 7/24/24 | EUR | 321 | 387,168 | |||||
Term Loan, 3.75%, (3 mo. EURIBOR + 3.75%), 7/24/24 | EUR | 803 | 967,925 | |||||
Term Loan, 4.50%, (3 mo. USD LIBOR + 3.50%, Floor 1.00%), 7/24/24 | 893 | 894,574 | ||||||
DXP Enterprises, Inc., Term Loan, 5.75%, (1 mo. USD LIBOR + 4.75%, Floor 1.00%), 12/16/27 | 675 | 676,688 | ||||||
Dynacast International, LLC: |
| |||||||
Term Loan, 6.00%, (3 mo. USD LIBOR + 5.00%, Floor 1.00%), 7/19/25 | 962 | 967,243 | ||||||
Term Loan, 2/4/28(14) | 371 | 376,126 | ||||||
Engineered Machinery Holdings, Inc.: |
| |||||||
Term Loan, 4.00%, (3 mo. USD LIBOR + 3.00%, Floor 1.00%), 7/19/24 | 1,796 | 1,798,204 | ||||||
Term Loan, 5.25%, (3 mo. USD LIBOR + 4.25%, Floor 1.00%), 7/19/24 | 319 | 319,694 | ||||||
EWT Holdings III Corp., Term Loan, 2.615%, (1 mo. USD LIBOR + 2.50%), 12/20/24 | 1,864 | 1,871,982 | ||||||
Filtration Group Corporation: |
| |||||||
Term Loan, 3.115%, (1 mo. USD LIBOR + 3.00%), 3/29/25 | 1,660 | 1,653,149 | ||||||
Term Loan, 3.50%, (3 mo. EURIBOR + 3.50%), 3/29/25 | EUR | 389 | 469,739 | |||||
Term Loan, 4.50%, (1 mo. USD LIBOR + 3.75%, Floor 0.75%), 3/29/25 | 399 | 401,565 | ||||||
Gardner Denver, Inc.: |
| |||||||
Term Loan, 1.865%, (1 mo. USD LIBOR + 1.75%), 3/1/27 | 1,293 | 1,289,665 | ||||||
Term Loan, 2.00%, (1 mo. EURIBOR + 2.00%), 3/1/27 | EUR | 420 | 507,315 | |||||
Gates Global, LLC: |
| |||||||
Term Loan, 3.00%, (3 mo. EURIBOR + 3.00%), 4/1/24 | EUR | 915 | 1,103,426 | |||||
Term Loan, 3.50%, (1 mo. USD LIBOR + 2.75%, Floor 0.75%), 3/31/27 | 3,732 | 3,736,736 | ||||||
Granite Holdings US Acquisition Co., Term Loan, 4.169%, (3 mo. USD LIBOR + 4.00%), 9/30/26 | 1,200 | 1,203,000 |
23
Borrower/Description | Principal Amount* (000’s omitted) | Value | ||||||
Hayward Industries, Inc.: |
| |||||||
Term Loan, 3.615%, (1 mo. USD LIBOR + 3.50%), 8/5/24 | 475 | $ | 475,527 | |||||
Term Loan, 4.50%, (1 mo. USD LIBOR + 3.75%, Floor 0.75%), 8/4/26 | 720 | 722,015 | ||||||
Hillman Group, Inc. (The): |
| |||||||
Term Loan, 2/23/28(14) | 84 | 84,599 | ||||||
Term Loan, 2/23/28(14) | 416 | 416,651 | ||||||
Ingersoll-Rand Services Company, Term Loan, 1.865%, (1 mo. USD LIBOR + 1.75%), 3/1/27 | 1,414 | 1,410,146 | ||||||
LTI Holdings, Inc.: |
| |||||||
Term Loan, 3.615%, (1 mo. USD LIBOR + 3.50%), 9/6/25 | 1,578 | 1,549,805 | ||||||
Term Loan, 4.865%, (1 mo. USD LIBOR + 4.75%), 7/24/26 | 198 | 194,702 | ||||||
Pro Mach Group, Inc.: |
| |||||||
Term Loan, 3.50%, 3/7/25(12) | 229 | 239,426 | ||||||
Term Loan, 4.50%, (6 mo. USD LIBOR + 3.50%, Floor 1.00%), 3/7/25 | 692 | 688,402 | ||||||
Quimper AB, Term Loan, 3.75%, (3 mo. EURIBOR + 3.75%), 2/13/26 | EUR | 1,900 | 2,299,610 | |||||
Robertshaw US Holding Corp., Term Loan, 4.50%, (1 mo. USD LIBOR + 3.50%, Floor 1.00%), 2/28/25 | 1,045 | 989,681 | ||||||
Thermon Industries, Inc., Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), 10/30/24 | 270 | 270,274 | ||||||
Titan Acquisition Limited, Term Loan, 3.267%, (6 mo. USD LIBOR + 3.00%), 3/28/25 | 3,088 | 3,040,811 | ||||||
Vertical Midco GmbH, Term Loan, 4.478%, (6 mo. USD LIBOR + 4.25%), 7/30/27 | 1,347 | 1,360,175 | ||||||
Welbilt, Inc., Term Loan, 2.615%, (1 mo. USD LIBOR + 2.50%), 10/23/25 | 3,484 | 3,418,425 | ||||||
Zephyr German BidCo GmbH, Term Loan, 1/21/28(14) | EUR | 650 | 790,560 | |||||
|
| |||||||
$ | 45,015,278 | |||||||
|
| |||||||
Insurance — 6.2% |
| |||||||
Alliant Holdings Intermediate, LLC: |
| |||||||
Term Loan, 3.365%, (1 mo. USD LIBOR + 3.25%), 5/9/25 | 468 | $ | 465,448 | |||||
Term Loan, 3.365%, (1 mo. USD LIBOR + 3.25%), 5/9/25 | 2,518 | 2,504,138 | ||||||
Term Loan, 4.25%, (1 mo. USD LIBOR + 3.75%, Floor 0.50%), 10/8/27 | 473 | 475,075 | ||||||
AmWINS Group, Inc., Term Loan, 2/17/28(14) | 4,650 | 4,657,849 | ||||||
AssuredPartners Capital, Inc., Term Loan, 5.50%, (1 mo. USD LIBOR + 4.50%, Floor 1.00%), 2/12/27 | 496 | 499,610 | ||||||
AssuredPartners, Inc., Term Loan, 3.623%, (1 mo. USD LIBOR + 3.50%), 2/12/27 | 1,485 | 1,483,144 | ||||||
Asurion, LLC: |
| |||||||
Term Loan, 3.115%, (1 mo. USD LIBOR + 3.00%), 11/3/23 | 1,523 | 1,523,181 | ||||||
Term Loan, 3.365%, (1 mo. USD LIBOR + 3.25%), 12/23/26 | 1,340 | 1,337,696 | ||||||
Term Loan, 3.365%, (1 mo. USD LIBOR + 3.25%), 7/31/27 | 1,690 | 1,686,197 | ||||||
Term Loan - Second Lien, 5.365%, (1 mo. USD LIBOR + 5.25%), 1/29/28 | 2,070 | 2,133,394 | ||||||
Financiere CEP S.A.S., Term Loan, 4.00%, (3 mo. EURIBOR + 4.00%), 6/3/27 | EUR | 550 | 669,306 | |||||
FrontDoor, Inc., Term Loan, 2.625%, (1 mo. USD LIBOR + 2.50%), 8/16/25 | 412 | 412,470 | ||||||
Hub International Limited: |
| |||||||
Term Loan, 2.965%, (USD LIBOR + 2.75%), 4/25/25(13) | 4,425 | 4,384,461 | ||||||
Term Loan, 4.00%, (6 mo. USD LIBOR + 3.25%, Floor 0.75%), 4/25/25 | 1,881 | 1,891,816 | ||||||
NFP Corp., Term Loan, 3.365%, (1 mo. USD LIBOR + 3.25%), 2/15/27 | 3,685 | 3,658,741 | ||||||
Ryan Specialty Group, LLC, Term Loan, 4.00%, (1 mo. USD LIBOR + 3.25%, Floor 0.75%), 9/1/27 | 1,920 | 1,931,288 | ||||||
Sedgwick Claims Management Services, Inc., Term Loan, 3.365%, (1 mo. USD LIBOR + 3.25%), 12/31/25 | 1,250 | 1,243,018 |
24
Borrower/Description | Principal Amount* (000’s omitted) | Value | ||||||
USI, Inc.: |
| |||||||
Term Loan, 3.254%, (3 mo. USD LIBOR + 3.00%), 5/16/24 | 3,587 | $ | 3,566,279 | |||||
Term Loan, 3.50%, (3 mo. USD LIBOR + 3.25%), 12/2/26 | 1,460 | 1,455,094 | ||||||
|
| |||||||
$ | 35,978,205 | |||||||
|
| |||||||
Leisure Goods/Activities/Movies — 5.8% |
| |||||||
Amer Sports Oyj, Term Loan, 4.50%, (6 mo. EURIBOR + 4.50%), 3/30/26 | EUR | 3,625 | $ | 4,327,822 | ||||
Bombardier Recreational Products, Inc., Term Loan, 2.115%, (1 mo. USD LIBOR + 2.00%), 5/24/27 | 5,190 | 5,172,385 | ||||||
Carnival Corporation, Term Loan, 8.50%, (1 mo. USD LIBOR + 7.50%, Floor 1.00%), 6/30/25 | 1,393 | 1,445,237 | ||||||
ClubCorp Holdings, Inc., Term Loan, 3.004%, (3 mo. USD LIBOR + 2.75%), 9/18/24 | 2,381 | 2,256,229 | ||||||
Crown Finance US, Inc.: |
| |||||||
Term Loan, 2.625%, (3 mo. EURIBOR + 2.625%), 2/28/25 | EUR | 290 | 302,813 | |||||
Term Loan, 3.50%, (3 mo. USD LIBOR + 2.50%, Floor 1.00%), 2/28/25 | 1,760 | 1,518,469 | ||||||
Term Loan, 3.75%, (3 mo. USD LIBOR + 2.75%, Floor 1.00%), 9/30/26 | 1,534 | 1,325,775 | ||||||
Term Loan, 15.25%, (3 mo. USD LIBOR + 14.25%, Floor 1.00%), 7.00% cash, 8.25% PIK, 5/23/24 | 485 | 621,213 | ||||||
Delta 2 (LUX) S.a.r.l., Term Loan, 3.50%, (1 mo. USD LIBOR + 2.50%, Floor 1.00%), 2/1/24 | 1,930 | 1,926,273 | ||||||
Etraveli Holding AB, Term Loan, 4.50%, (6 mo. EURIBOR + 4.50%), 8/2/24 | EUR | 950 | 1,090,823 | |||||
Lindblad Expeditions, Inc.: |
| |||||||
Term Loan, 6.75%, (1 mo. USD LIBOR + 6.00%, Floor 0.75%), 5.50% cash, 1.25% PIK, 3/27/25 | 340 | 321,671 | ||||||
Term Loan, 6.75%, (1 mo. USD LIBOR + 6.00%, Floor 0.75%), 5.50% cash, 1.25% PIK, 3/27/25 | 1,362 | 1,286,685 | ||||||
Match Group, Inc., Term Loan, 1.948%, (1 mo. USD LIBOR + 1.75%), 2/13/27 | 775 | 771,609 | ||||||
Playtika Holding Corp., Term Loan, 7.00%, (3 mo. USD LIBOR + 6.00%, Floor 1.00%), 12/10/24 | 3,373 | 3,391,770 | ||||||
SeaWorld Parks & Entertainment, Inc., Term Loan, 3.75%, (1 mo. USD LIBOR + 3.00%, Floor 0.75%), 3/31/24 | 1,904 | 1,879,946 | ||||||
SRAM, LLC, Term Loan, 3.75%, (USD LIBOR + 2.75%, Floor 1.00%), 3/15/24(13) | 990 | 993,585 | ||||||
Steinway Musical Instruments, Inc., Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), 2/14/25 | 307 | 302,878 | ||||||
Travel Leaders Group, LLC, Term Loan, 4.115%, (1 mo. USD LIBOR + 4.00%), 1/25/24 | 1,721 | 1,604,994 | ||||||
UFC Holdings, LLC, Term Loan, 3.75%, (6 mo. USD LIBOR + 3.00%, Floor 0.75%), 4/29/26 | 2,519 | 2,527,261 | ||||||
Vue International Bidco PLC, Term Loan, 4.75%, (6 mo. EURIBOR + 4.75%), 7/3/26 | EUR | 678 | 749,818 | |||||
|
| |||||||
$ | 33,817,256 | |||||||
|
| |||||||
Lodging and Casinos — 3.3% |
| |||||||
Azelis Finance S.A., Term Loan, 3.25%, (6 mo. EURIBOR + 3.25%), 11/7/25 | EUR | 2,000 | $ | 2,405,992 | ||||
Boyd Gaming Corporation, Term Loan, 2.34%, (1 week USD LIBOR + 2.25%), 9/15/23 | 675 | 675,623 | ||||||
CityCenter Holdings, LLC, Term Loan, 3.00%, (1 mo. USD LIBOR + 2.25%, Floor 0.75%), 4/18/24 | 2,379 | 2,363,072 | ||||||
Golden Nugget, Inc., Term Loan, 3.25%, (2 mo. USD LIBOR + 2.50%, Floor 0.75%), 10/4/23 | 4,954 | 4,914,142 | ||||||
GVC Holdings (Gibraltar) Limited, Term Loan, 3.25%, (3 mo. USD LIBOR + 2.25%, Floor 1.00%), 3/29/24 | 1,167 | 1,169,918 |
25
Borrower/Description | Principal Amount* (000’s omitted) | Value | ||||||
GVC Holdings PLC, Term Loan, 2.50%, (3 mo. EURIBOR + 2.50%), 3/29/24 | EUR | 1,875 | $ | 2,267,938 | ||||
Playa Resorts Holding B.V., Term Loan, 3.75%, (1 mo. USD LIBOR + 2.75%, Floor 1.00%), 4/29/24 | 2,563 | 2,473,802 | ||||||
Sportradar Capital S.a.r.l., Term Loan, 4.25%, (6 mo. EURIBOR + 4.25%), 10/27/27 | EUR | 550 | 667,750 | |||||
Stars Group Holdings B.V. (The): |
| |||||||
Term Loan, 3.75%, (3 mo. EURIBOR + 3.75%), 7/10/25 | EUR | 597 | 724,779 | |||||
Term Loan, 3.754%, (3 mo. USD LIBOR + 3.50%), 7/10/25 | 1,772 | 1,780,921 | ||||||
|
| |||||||
$ | 19,443,937 | |||||||
|
| |||||||
Nonferrous Metals/Minerals — 0.5% |
| |||||||
American Consolidated Natural Resources, Inc., Term Loan, 17.00%, (1 mo. USD LIBOR + 16.00%, Floor 1.00%), 14.00% cash, 3.00% PIK, 9/16/25 | 542 | $ | 522,886 | |||||
CD&R Hydra Buyer, Inc., Term Loan, 7.50%, (0.00% cash, 7.50% PIK), 8/15/21(3)(15) | 166 | 133,470 | ||||||
Oxbow Carbon, LLC, Term Loan, 5.00%, (1 mo. USD LIBOR + 4.25%, Floor 0.75%), 10/13/25 | 765 | 768,374 | ||||||
Rain Carbon GmbH, Term Loan, 3.00%, (6 mo. EURIBOR + 3.00%), 1/16/25 | EUR | 1,025 | 1,227,439 | |||||
|
| |||||||
$ | 2,652,169 | |||||||
|
| |||||||
Oil and Gas — 3.3% |
| |||||||
Ameriforge Group, Inc.: |
| |||||||
Term Loan, 8.214%, (1 mo. USD LIBOR + 13.00%, Floor 1.00%), 12/31/23(12) | 51 | $ | 30,824 | |||||
Term Loan, 14.00%, (3 mo. USD LIBOR + 13.00%, Floor 1.00%), 9.00% cash, 5.00% PIK, 6/8/22 | 775 | 468,861 | ||||||
Apergy Corporation: |
| |||||||
Term Loan, 2.625%, (1 mo. USD LIBOR + 2.50%), 5/9/25 | 127 | 126,480 | ||||||
Term Loan, 6.00%, (3 mo. USD LIBOR + 5.00%, Floor 1.00%), 6/3/27 | 219 | 223,625 | ||||||
Blackstone CQP Holdco L.P., Term Loan, 3.736%, (3 mo. USD LIBOR + 3.50%), 9/30/24 | 1,034 | 1,036,189 | ||||||
Centurion Pipeline Company, LLC: |
| |||||||
Term Loan, 3.365%, (1 mo. USD LIBOR + 3.25%), 9/29/25 | 270 | 269,500 | ||||||
Term Loan, 4.115%, (1 mo. USD LIBOR + 4.00%), 9/28/25 | 250 | 250,000 | ||||||
CITGO Holding, Inc., Term Loan, 8.00%, (6 mo. USD LIBOR + 7.00%, Floor 1.00%), 8/1/23 | 2,087 | 2,006,483 | ||||||
CITGO Petroleum Corporation, Term Loan, 7.25%, (6 mo. USD LIBOR + 6.25%, Floor 1.00%), 3/28/24 | 4,146 | 4,167,629 | ||||||
Delek US Holdings, Inc., Term Loan, 6.50%, (1 mo. USD LIBOR + 5.50%, Floor 1.00%), 3/31/25 | 596 | 599,966 | ||||||
Fieldwood Energy, LLC: |
| |||||||
Term Loan, 0.00%, 4/11/22(16) | 2,775 | 724,919 | ||||||
DIP Loan, 3.675%, (1 mo. USD LIBOR + 8.75%, Floor 1.00%), 8/4/21(12) | 410 | 424,279 | ||||||
Lealand Finance Company B.V.: |
| |||||||
Term Loan, 3.115%, (1 mo. USD LIBOR + 3.00%), 6/30/24 | 26 | 21,254 | ||||||
Term Loan, 4.11%, (1 mo. USD LIBOR + 4.00%), 1.11% cash, 3.00% PIK, 6/30/25 | 371 | 246,900 | ||||||
Matador Bidco S.a.r.l., Term Loan, 4.865%, (1 mo. USD LIBOR + 4.75%), 10/15/26 | 4,074 | 4,083,551 | ||||||
Prairie ECI Acquiror L.P., Term Loan, 4.865%, (1 mo. USD LIBOR + 4.75%), 3/11/26 | 1,321 | 1,300,683 | ||||||
PSC Industrial Holdings Corp., Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), 10/11/24 | 1,866 | 1,836,462 | ||||||
RDV Resources Properties, LLC, Term Loan, 15.50%, (1 mo. USD LIBOR + 14.50%, Floor 1.00%), 3/29/24(3) | 527 | 362,135 |
26
Borrower/Description | Principal Amount* (000’s omitted) | Value | ||||||
Sunrise Oil & Gas Properties, LLC: |
| |||||||
Term Loan, 8.00%, (1 mo. USD LIBOR + 7.00%, Floor 1.00%), 1/17/23 | 87 | $ | 78,523 | |||||
Term Loan - Second Lien, 8.00%, (1 mo. USD LIBOR + 7.00%, Floor 1.00%), 1/17/23 | 90 | 67,434 | ||||||
Term Loan - Third Lien, 8.00%, (1 mo. USD LIBOR + 7.00%, Floor 1.00%), 1/17/23 | 104 | 50,639 | ||||||
UGI Energy Services, LLC, Term Loan, 3.865%, (1 mo. USD LIBOR + 3.75%), 8/13/26 | 1,084 | 1,089,143 | ||||||
|
| |||||||
$ | 19,465,479 | |||||||
|
| |||||||
Publishing — 1.4% |
| |||||||
Alchemy Copyrights, LLC, Term Loan, 4.00%, (1 mo. USD LIBOR + 3.25%, Floor 0.75%), 8/16/27 | 524 | $ | 526,306 | |||||
Ascend Learning, LLC: |
| |||||||
Term Loan, 4.00%, (1 mo. USD LIBOR + 3.00%, Floor 1.00%), 7/12/24 | 1,185 | 1,188,256 | ||||||
Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), 7/12/24 | 424 | 426,322 | ||||||
Getty Images, Inc., Term Loan, 4.625%, (1 mo. USD LIBOR + 4.50%), 2/19/26 | 1,721 | 1,712,840 | ||||||
LSC Communications, Inc., Term Loan, 0.00%, 9/30/22(16) | 719 | 58,103 | ||||||
Nielsen Consumer, Inc.: |
| |||||||
Term Loan, 2/4/28(14) | EUR | 425 | 514,707 | |||||
Term Loan, 2/4/28(14) | 800 | 802,250 | ||||||
Nielsen Finance, LLC, Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), 6/4/25 | 844 | 853,379 | ||||||
ProQuest, LLC, Term Loan, 3.365%, (1 mo. USD LIBOR + 3.25%), 10/23/26 | 2,131 | 2,134,541 | ||||||
Tweddle Group, Inc., Term Loan, 5.50%, (1 mo. USD LIBOR + 4.50%, Floor 1.00%), 9/17/23 | 201 | 192,866 | ||||||
|
| |||||||
$ | 8,409,570 | |||||||
|
| |||||||
Radio and Television — 2.3% |
| |||||||
Cumulus Media New Holdings, Inc., Term Loan, 4.75%, (6 mo. USD LIBOR + 3.75%, Floor 1.00%), 3/31/26 | 514 | $ | 512,189 | |||||
Gray Television, Inc.: |
| |||||||
Term Loan, 2.373%, (1 mo. USD LIBOR + 2.25%), 2/7/24 | 255 | 255,037 | ||||||
Term Loan, 2.623%, (1 mo. USD LIBOR + 2.50%), 1/2/26 | 637 | 637,989 | ||||||
Hubbard Radio, LLC, Term Loan, 5.25%, (3 mo. USD LIBOR + 4.25%, Floor 1.00%), 3/28/25 | 784 | 780,541 | ||||||
iHeartCommunications, Inc.: |
| |||||||
Term Loan, 3.115%, (1 mo. USD LIBOR + 3.00%), 5/1/26 | 1,906 | 1,891,853 | ||||||
Term Loan, 4.75%, (1 mo. USD LIBOR + 4.00%, Floor 0.75%), 5/1/26 | 423 | 424,813 | ||||||
Nexstar Broadcasting, Inc.: |
| |||||||
Term Loan, 2.365%, (1 mo. USD LIBOR + 2.25%), 1/17/24 | 1,386 | 1,387,053 | ||||||
Term Loan, 2.873%, (1 mo. USD LIBOR + 2.75%), 9/18/26 | 453 | 454,105 | ||||||
Sinclair Television Group, Inc.: |
| |||||||
Term Loan, 2.37%, (1 mo. USD LIBOR + 2.25%), 1/3/24 | 452 | 450,790 | ||||||
Term Loan, 2.62%, (1 mo. USD LIBOR + 2.50%), 9/30/26 | 667 | 665,937 | ||||||
Terrier Media Buyer, Inc., Term Loan, 3.615%, (1 mo. USD LIBOR + 3.50%), 12/17/26 | 2,625 | 2,626,388 | ||||||
Univision Communications, Inc., Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), 3/15/26 | 3,476 | 3,500,319 | ||||||
|
| |||||||
$ | 13,587,014 | |||||||
|
|
27
Borrower/Description | Principal Amount* (000’s omitted) | Value | ||||||
Retailers (Except Food and Drug) — 1.9% |
| |||||||
Apro, LLC, Term Loan, 5.00%, (3 mo. USD LIBOR + 4.00%, Floor 1.00%), 11/14/26 | 669 | $ | 672,244 | |||||
Ascena Retail Group, Inc., Term Loan, 0.00%, 8/21/22(16) | 1,636 | 340,322 | ||||||
Bass Pro Group, LLC, Term Loan, 5.75%, (1 mo. USD LIBOR + 5.00%, Floor 0.75%), 9/25/24 | 2,966 | 2,976,887 | ||||||
CNT Holdings I Corp., Term Loan, 4.50%, (6 mo. USD LIBOR + 3.75%, Floor 0.75%), 11/8/27 | 775 | 779,965 | ||||||
Coinamatic Canada, Inc., Term Loan, 4.25%, (1 mo. USD LIBOR + 3.25%, Floor 1.00%), 5/16/22 | 46 | 45,785 | ||||||
David’s Bridal, Inc.: |
| |||||||
Term Loan, 7.00%, (3 mo. USD LIBOR + 6.00%, Floor 1.00%), 6/30/23 | 354 | 312,272 | ||||||
Term Loan, 11.00%, (3 mo. USD LIBOR + 10.00%, Floor 1.00%), 6.00% cash, 5.00% PIK, 6/23/23 | 301 | 293,379 | ||||||
Harbor Freight Tools USA, Inc., Term Loan, 4.00%, (1 mo. USD LIBOR + 3.25%, Floor 0.75%), 10/19/27 | 1,596 | 1,604,977 | ||||||
Hoya Midco, LLC, Term Loan, 4.50%, (6 mo. USD LIBOR + 3.50%, Floor 1.00%), 6/30/24 | 2,053 | 1,995,008 | ||||||
PetSmart, Inc., Term Loan, 4.50%, (6 mo. USD LIBOR + 3.75%, Floor 0.75%), 2/12/28 | 1,575 | 1,588,043 | ||||||
Phillips Feed Service, Inc., Term Loan, 8.00%, (3 mo. USD LIBOR + 7.00%, Floor 1.00%), 11/13/24(3) | 115 | 91,672 | ||||||
Pier 1 Imports (U.S.), Inc., Term Loan, 0.00%, 4/30/21(3)(16) | 138 | 57,216 | ||||||
|
| |||||||
$ | 10,757,770 | |||||||
|
| |||||||
Steel — 0.9% |
| |||||||
Atkore International, Inc., Term Loan, 3.75%, (3 mo. USD LIBOR + 2.75%, Floor 1.00%), 12/22/23 | 1,196 | $ | 1,201,401 | |||||
GrafTech Finance, Inc., Term Loan, 3.50%, (1 mo. USD LIBOR + 3.00%, Floor 0.50%), 2/12/25 | 1,117 | 1,119,355 | ||||||
Neenah Foundry Company, Term Loan, 10.00%, (2 mo. USD LIBOR + 9.00%, Floor 1.00%), 12/13/22 | 666 | 582,774 | ||||||
Phoenix Services International, LLC, Term Loan, 4.75%, (1 mo. USD LIBOR + 3.75%, Floor 1.00%), 3/1/25 | 875 | 874,156 | ||||||
TMS International Corp., Term Loan, 3.75%, (USD LIBOR + 2.75%, Floor 1.00%), | 275 | 275,343 | ||||||
Zekelman Industries, Inc., Term Loan, 2.111%, (1 mo. USD LIBOR + 2.00%), 1/24/27 | 1,044 | 1,043,061 | ||||||
|
| |||||||
$ | 5,096,090 | |||||||
|
| |||||||
Surface Transport — 0.5% |
| |||||||
Hertz Corporation (The): |
| |||||||
Term Loan, 3.50%, (1 mo. USD LIBOR + 2.75%, Floor 0.75%), 6/30/23 | 1,078 | $ | 1,071,387 | |||||
DIP Loan, 5.103%, (1 mo. USD LIBOR + 7.25%, Floor 1.00%), 12/31/21(12) | 917 | 937,449 | ||||||
Kenan Advantage Group, Inc.: |
| |||||||
Term Loan, 4.00%, (1 mo. USD LIBOR + 3.00%, Floor 1.00%), 7/31/22 | 116 | 115,644 | ||||||
Term Loan, 4.00%, (1 mo. USD LIBOR + 3.00%, Floor 1.00%), 7/31/22 | 382 | 380,293 | ||||||
XPO Logistics, Inc., Term Loan, 2.115%, (1 mo. USD LIBOR + 2.00%), 2/24/25 | 650 | 651,354 | ||||||
|
| |||||||
$ | 3,156,127 | |||||||
|
| |||||||
Telecommunications — 5.6% |
| |||||||
CenturyLink, Inc., Term Loan, 2.365%, (1 mo. USD LIBOR + 2.25%), 3/15/27 | 7,425 | $ | 7,414,033 | |||||
Colorado Buyer, Inc., Term Loan, 4.00%, (6 mo. USD LIBOR + 3.00%, Floor 1.00%), 5/1/24 | 1,644 | 1,623,311 | ||||||
Digicel International Finance Limited, Term Loan, 3.51%, (6 mo. USD LIBOR + 3.25%), 5/28/24 | 1,766 | 1,684,588 |
28
Borrower/Description | Principal Amount* (000’s omitted) | Value | ||||||
eircom Finco S.a.r.l., Term Loan, 3.25%, (1 mo. EURIBOR + 3.25%), 5/15/26 | EUR | 1,706 | $ | 2,060,371 | ||||
Gamma Infrastructure III B.V., Term Loan, 3.50%, (6 mo. EURIBOR + 3.50%), 1/9/25 | EUR | 2,000 | 2,417,124 | |||||
Global Eagle Entertainment, Inc.: |
| |||||||
Term Loan, 0.00%, 1/6/23(16) | 2,743 | 1,950,892 | ||||||
DIP Loan, 10.115%, (1 mo. USD LIBOR + 10.00%), 3/31/21 | 408 | 400,898 | ||||||
Intelsat Jackson Holdings S.A.: |
| |||||||
DIP Loan, 6.50%, (USD LIBOR + 5.50%, Floor 1.00%), 7/13/22(13) | 1,037 | 1,054,199 | ||||||
Term Loan, 8.00%, (USD Prime + 4.75%), 11/27/23 | 1,900 | 1,932,458 | ||||||
Term Loan, 8.75%, (USD Prime + 5.50%), 1/2/24 | 1,600 | 1,630,333 | ||||||
IPC Corp., Term Loan, 5.50%, (3 mo. USD LIBOR + 4.50%, Floor 1.00%), 8/6/21(3) | 1,230 | 1,010,454 | ||||||
Onvoy, LLC, Term Loan, 5.50%, (1 mo. USD LIBOR + 4.50%, Floor 1.00%), 2/10/24 | 1,733 | 1,735,748 | ||||||
Syniverse Holdings, Inc., Term Loan, 6.00%, (3 mo. USD LIBOR + 5.00%, Floor 1.00%), 3/9/23 | 1,021 | 936,372 | ||||||
Zayo Group Holdings, Inc.: |
| |||||||
Term Loan, 3.115%, (1 mo. USD LIBOR + 3.00%), 3/9/27 | 2,486 | 2,485,269 | ||||||
Term Loan, 3.25%, (1 mo. EURIBOR + 3.25%), 3/9/27 | EUR | 447 | 540,111 | |||||
Ziggo Financing Partnership, Term Loan, 2.612%, (1 mo. USD LIBOR + 2.50%), 4/30/28 | 3,825 | 3,807,068 | ||||||
|
| |||||||
$ | 32,683,229 | |||||||
|
| |||||||
Utilities — 0.9% |
| |||||||
Brookfield WEC Holdings, Inc., Term Loan, 3.25%, (1 mo. USD LIBOR + 2.75%, Floor 0.50%), 8/1/25 | 1,684 | $ | 1,682,124 | |||||
Calpine Construction Finance Company L.P., Term Loan, 2.115%, (1 mo. USD LIBOR + 2.00%), 1/15/25 | 939 | 935,883 | ||||||
Calpine Corporation, Term Loan, 2.62%, (1 mo. USD LIBOR + 2.50%), 12/16/27 | 2,203 | 2,201,442 | ||||||
Longview Power, LLC, Term Loan, 11.50%, (3 mo. USD LIBOR + 10.00%, Floor 1.50%), 7/30/25(3) | 403 | 322,131 | ||||||
USIC Holdings, Inc., Term Loan, 4.00%, (1 mo. USD LIBOR + 3.00%, Floor 1.00%), 12/8/23 | 195 | 194,795 | ||||||
|
| |||||||
$ | 5,336,375 | |||||||
|
| |||||||
Total Senior Floating-Rate Loans | $ | 822,874,505 | ||||||
|
| |||||||
Warrants — 0.0%(6) | ||||||||
Security | Shares | Value | ||||||
Health Care — 0.0%(6) | ||||||||
THAIHOT Investment Company US Limited, Exp. 10/13/27(3)(4)(5) | 24 | $ | 10,037 | |||||
THAIHOT Investment Company US Limited, Exp. 10/13/27(3)(4)(5) | 175 | 73,187 | ||||||
THAIHOT Investment Company US Limited, Exp. 10/13/27 (Contingent Warrants)(3)(4)(5) | 11,110 | 0 | ||||||
|
| |||||||
$ | 83,224 | |||||||
|
|
29
Security | Shares | Value | ||||||
Retailers (Except Food and Drug) — 0.0% | ||||||||
David’s Bridal, LLC, Exp. 11/26/22(3)(4)(5) | 4,543 | $ | 0 | |||||
|
| |||||||
$ | 0 | |||||||
|
| |||||||
Total Warrants | $ | 83,224 | ||||||
|
| |||||||
Miscellaneous — 0.0%(6) | ||||||||
Security | Shares | Value | ||||||
Oil and Gas — 0.0%(6) | ||||||||
Paragon Offshore Finance Company, Class A(4)(5) | 1,707 | $ | 512 | |||||
Paragon Offshore Finance Company, Class B(4)(5) | 854 | 5,765 | ||||||
|
| |||||||
Total Miscellaneous | $ | 6,277 | ||||||
|
| |||||||
Short-Term Investments — 3.2% | ||||||||
Description | Units | Value | ||||||
Eaton Vance Cash Reserves Fund, LLC, 0.10%(17) | 18,662,779 | $ | 18,662,779 | |||||
|
| |||||||
Total Short-Term Investments | $ | 18,662,779 | ||||||
|
| |||||||
Total Investments — 159.2% | $ | 926,716,275 | ||||||
|
| |||||||
Less Unfunded Loan Commitments — (0.3)% | $ | (1,927,216 | ) | |||||
|
| |||||||
Net Investments — 158.9% | $ | 924,789,059 | ||||||
|
| |||||||
Notes Payable — (43.6)% | $ | (254,000,000 | ) | |||||
|
| |||||||
Variable Rate Term Preferred Shares, at Liquidation Value (net of unamortized deferred debt issuance costs) — (13.7)% | $ | (79,905,983 | ) | |||||
|
| |||||||
Other Assets, Less Liabilities — (1.6)% | $ | (8,722,500 | ) | |||||
|
| |||||||
Net Assets Applicable to Common Shares — 100.0% | $ | 582,160,576 | ||||||
|
|
30
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 February 28, 2021, the aggregate value of these securities is $59,465,431 or 10.2% of the Trust’s net assets applicable to common shares. |
(2) | Variable rate security. The stated interest rate represents the rate in effect at February 28, 2021. |
(3) | For fair value measurement disclosure purposes, security is categorized as Level 3. |
(4) | Security was acquired in connection with a restructuring of a Senior Loan and may be subject to restrictions on resale. |
(5) | Non-income producing security. |
(6) | Amount is less than 0.05%. |
(7) | Restricted security. |
(8) | Security converts to variable rate after the indicated fixed-rate coupon period. |
(9) | Perpetual security with no stated maturity date but may be subject to calls by the issuer. |
(10) | Represents a payment-in-kind security which may pay interest in additional principal at the issuer’s discretion. |
(11) | 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 minimum rate. Senior Loans are generally subject to contractual restrictions that must be satisfied before they can be bought or sold. |
(12) | 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 February 28, 2021, the total value of unfunded loan commitments is $1,956,373. |
(13) | The stated interest rate represents the weighted average interest rate at February 28, 2021 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. |
(14) | This Senior Loan will settle after February 28, 2021, at which time the interest rate will be determined. |
(15) | Fixed-rate loan. |
(16) | Issuer is in default with respect to interest and/or principal payments. For a variable rate security, interest rate has been adjusted to reflect non-accrual status. |
(17) | 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 February 28, 2021. |
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Forward Foreign Currency Exchange Contracts
Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation | Unrealized (Depreciation) | |||||||||||||||||||
USD | 21,704,757 | EUR | 17,854,950 | Standard Chartered Bank | 3/2/21 | $ | 161,856 | $ | — | |||||||||||||||
USD | 24,122,617 | EUR | 19,895,631 | Goldman Sachs International | 3/31/21 | 101,133 | — | |||||||||||||||||
USD | 636,418 | EUR | 523,300 | State Street Bank and Trust Company | 3/31/21 | 4,599 | — | |||||||||||||||||
USD | 21,689,759 | EUR | 17,854,950 | Standard Chartered Bank | 4/6/21 | 129,004 | — | |||||||||||||||||
USD | 22,010,038 | EUR | 18,066,026 | HSBC Bank USA, N.A. | 4/30/21 | 183,318 | — | |||||||||||||||||
USD | 4,653,377 | EUR | 3,830,750 | JPMorgan Chase Bank, N.A. | 4/30/21 | 25,203 | — | |||||||||||||||||
USD | 1,806,763 | GBP | 1,277,862 | State Street Bank and Trust Company | 4/30/21 | 25,940 | — | |||||||||||||||||
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$ | 631,053 | $ | — | |||||||||||||||||||||
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Abbreviations:
DIP | - | Debtor In Possession | ||||||||||||
EURIBOR | - | Euro Interbank Offered Rate | ||||||||||||
LIBOR | - | London Interbank Offered Rate | ||||||||||||
PIK | - | Payment In Kind | ||||||||||||
Currency Abbreviations: | ||||||||||||||
EUR | - | Euro | ||||||||||||
GBP | - | British Pound Sterling | ||||||||||||
USD | - | United States Dollar |
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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 February 28, 2021, the Trust had sufficient cash and/or securities to cover commitments under open derivative contracts.
At February 28, 2021, the value of the Trust’s investment in affiliated funds was $18,662,779, which represents 3.2% of the Trust’s net assets applicable to common shares. Transactions in affiliated funds by the Trust for the fiscal year to date ended February 28, 2021 were as follows:
Name of affiliated fund | 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 |
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Eaton Vance Cash Reserves Fund, LLC | $ | 7,095,616 | $ | 200,228,064 | $ | (188,661,766 | ) | $ | 155 | $ | 710 | $ | 18,662,779 | $ | 11,192 | 18,662,779 |
Restricted Securities
At February 28, 2021, the Trust owned the following securities 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, 10/21/14 | 758 | $ | 34,724 | $ | 0 | ||||||||||
Convertible Preferred Stocks | ||||||||||||||||
Nine Point Energy Holdings, Inc., Series A, 12.00% | 5/26/17 | 14 | 14,000 | 0 | ||||||||||||
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Total Restricted Securities | $ | 48,724 | $ | 0 | ||||||||||||
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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) |
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.
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At February 28, 2021, the hierarchy of inputs used in valuing the Trust’s investments and open derivatives, which are carried at value, were as follows:
Asset Description | Level 1 | Level 2 | Level 3* | Total | ||||||||||||
Asset-Backed Securities | $ | — | $ | 36,268,460 | $ | — | $ | 36,268,460 | ||||||||
Closed-End Funds | 9,871,599 | — | — | 9,871,599 | ||||||||||||
Common Stocks | 1,860,279 | 4,169,723 | 2,626,478 | 8,656,480 | ||||||||||||
Convertible Preferred Stocks | — | — | 0 | 0 | ||||||||||||
Corporate Bonds & Notes | — | 29,925,309 | — | 29,925,309 | ||||||||||||
Preferred Stocks | — | 302,049 | 65,593 | 367,642 | ||||||||||||
Senior Floating-Rate Loans (Less Unfunded Loan Commitments) | — | 818,633,369 | 2,313,920 | 820,947,289 | ||||||||||||
Warrants | — | — | 83,224 | 83,224 | ||||||||||||
Miscellaneous | — | 6,277 | — | 6,277 | ||||||||||||
Short-Term Investments | — | 18,662,779 | — | 18,662,779 | ||||||||||||
Total Investments | $ | 11,731,878 | $ | 907,967,966 | $ | 5,089,215 | $ | 924,789,059 | ||||||||
Forward Foreign Currency Exchange Contracts | $ | — | $ | 631,053 | $ | — | $ | 631,053 | ||||||||
Total | $ | 11,731,878 | $ | 908,599,019 | $ | 5,089,215 | $ | 925,420,112 |
* | None of the unobservable inputs for Level 3 assets, individually or collectively, had a material impact on the Trust. |
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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 February 28, 2021 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.
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