Common Stocks — 57.4% | |
Security | | Shares | | | Value | | |
________________________________________________________________________________________________________ |
Aerospace & Defense — 1.1% | |
________________________________________________________________________________________________________ |
Airbus SE | 12,801 | | $ | 1,880,005 | | |
CAE, Inc. | 48,261 | | | 1,431,347 | | |
________________________________________________________________________________________________________ |
| $ | 3,311,352 | | |
________________________________________________________________________________________________________ |
Banks — 4.2% | |
________________________________________________________________________________________________________ |
Banco Santander S.A. | 362,313 | | $ | 1,427,836 | | |
Canadian Imperial Bank of Commerce | 17,979 | | | 1,466,143 | | |
Citigroup, Inc. | 24,425 | | | 1,817,464 | | |
Danske Bank A/S | 56,646 | | | 945,607 | | |
HSBC Holdings PLC | 108,844 | | | 791,316 | | |
ING Groep NV | 88,631 | | | 962,285 | | |
KBC Group NV | 8,877 | | | 651,353 | | |
KeyCorp | 74,663 | | | 1,396,945 | | |
Nordea Bank Abp | 86,805 | | | 684,749 | | |
Skandinaviska Enskilda Banken AB, Class A | 70,867 | | | 700,302 | | |
Svenska Handelsbanken AB, Class A | 69,778 | | | 683,629 | | |
Swedbank AB, Class A | 47,972 | | | 736,549 | | |
UniCredit SpA | 57,792 | | | 771,945 | | |
________________________________________________________________________________________________________ |
| $ | 13,036,123 | | |
________________________________________________________________________________________________________ |
Beverages — 1.4% | |
________________________________________________________________________________________________________ |
Anheuser-Busch InBev S.A./N.V. | 14,951 | | $ | 1,127,903 | | |
Coca-Cola Co. (The) | 30,036 | | | 1,754,103 | | |
Diageo PLC | 36,334 | | | 1,436,759 | | |
________________________________________________________________________________________________________ |
| $ | 4,318,765 | | |
________________________________________________________________________________________________________ |
Biotechnology — 0.5% | |
________________________________________________________________________________________________________ |
CSL, Ltd. | 7,171 | | $ | 1,474,850 | | |
________________________________________________________________________________________________________ |
| $ | 1,474,850 | | |
________________________________________________________________________________________________________ |
Building Products — 0.5% | |
________________________________________________________________________________________________________ |
Assa Abloy AB, Class B | 70,237 | | $ | 1,667,166 | | |
________________________________________________________________________________________________________ |
| $ | 1,667,166 | | |
________________________________________________________________________________________________________ |
Capital Markets — 0.5% | |
________________________________________________________________________________________________________ |
Morgan Stanley | 28,166 | | $ | 1,471,955 | | |
________________________________________________________________________________________________________ |
| $ | 1,471,955 | | |
________________________________________________________________________________________________________ |
Chemicals — 1.1% | |
________________________________________________________________________________________________________ |
BASF SE | 14,001 | | $ | 945,021 | | |
Chr. Hansen Holding A/S | 14,148 | | | 1,052,933 | | |
Sika AG | 8,194 | | | 1,473,489 | | |
________________________________________________________________________________________________________ |
| $ | 3,471,443 | | |
________________________________________________________________________________________________________ |
Construction & Engineering — 0.0%(1) | |
________________________________________________________________________________________________________ |
Abengoa S.A., Class A(2) | 36,194 | | $ | 789 | | |
Abengoa S.A., Class B(2) | 374,261 | | | 4,019 | | |
________________________________________________________________________________________________________ |
| $ | 4,808 | | |
________________________________________________________________________________________________________ |
Consumer Finance — 0.7% | |
________________________________________________________________________________________________________ |
Capital One Financial Corp. | 15,377 | | $ | 1,534,625 | | |
OneMain Holdings, Inc. | 16,455 | | | 697,198 | | |
________________________________________________________________________________________________________ |
| $ | 2,231,823 | | |
________________________________________________________________________________________________________ |
Diversified Financial Services — 1.5% | |
________________________________________________________________________________________________________ |
Berkshire Hathaway, Inc., Class B(2) | 8,952 | | $ | 2,009,098 | | |
ORIX Corp. | 149,759 | | | 2,529,798 | | |
________________________________________________________________________________________________________ |
| $ | 4,538,896 | | |
________________________________________________________________________________________________________ |
Diversified Telecommunication Services — 0.2% | |
________________________________________________________________________________________________________ |
Deutsche Telekom AG | 41,895 | | $ | 678,523 | | |
________________________________________________________________________________________________________ |
| $ | 678,523 | | |
________________________________________________________________________________________________________ |
Electric Utilities — 1.8% | |
________________________________________________________________________________________________________ |
Enel SpA | 88,187 | | $ | 768,665 | | |
Fortum Oyj | 36,593 | | | 885,547 | | |
Iberdrola S.A. | 130,607 | | | 1,429,015 | | |
NextEra Energy, Inc. | 9,644 | | | 2,586,521 | | |
________________________________________________________________________________________________________ |
| $ | 5,669,748 | | |
________________________________________________________________________________________________________ |
Electrical Equipment — 1.1% | |
________________________________________________________________________________________________________ |
ABB, Ltd. | 10,046 | | $ | 233,890 | | |
Melrose Industries PLC | 1,022,646 | | | 3,134,092 | | |
________________________________________________________________________________________________________ |
| $ | 3,367,982 | | |
________________________________________________________________________________________________________ |
Electronic Equipment, Instruments & Components — 1.3% | |
________________________________________________________________________________________________________ |
CDW Corp. | 7,462 | | $ | 973,418 | | |
Keyence Corp. | 6,074 | | | 2,041,817 | | |
Murata Manufacturing Co., Ltd. | 15,815 | | | 895,363 | | |
________________________________________________________________________________________________________ |
| $ | 3,910,598 | | |
________________________________________________________________________________________________________ |
Energy Equipment & Services — 0.3% | |
________________________________________________________________________________________________________ |
Schlumberger, Ltd. | 30,175 | | $ | 1,011,164 | | |
________________________________________________________________________________________________________ |
| $ | 1,011,164 | | |
________________________________________________________________________________________________________ |
Entertainment — 1.1% | |
________________________________________________________________________________________________________ |
Nintendo Co., Ltd. | 2,694 | | $ | 991,003 | | |
Walt Disney Co. (The) | 18,236 | | | 2,522,221 | | |
________________________________________________________________________________________________________ |
| $ | 3,513,224 | | |
________________________________________________________________________________________________________ |
Equity Real Estate Investment Trusts (REITs) — 1.1% | |
________________________________________________________________________________________________________ |
American Tower Corp. | 7,023 | | $ | 1,627,510 | | |
Equity Residential | 10,358 | | | 860,543 | | |
Simon Property Group, Inc. | 6,600 | | | 878,790 | | |
________________________________________________________________________________________________________ |
| $ | 3,366,843 | | |
________________________________________________________________________________________________________ |
Food Products — 1.4% | |
________________________________________________________________________________________________________ |
Mondelez International, Inc., Class A | 30,911 | | $ | 1,773,673 | | |
Nestle S.A. | 22,580 | | | 2,490,407 | | |
________________________________________________________________________________________________________ |
| $ | 4,264,080 | | |
________________________________________________________________________________________________________ |
Gas Utilities — 0.2% | |
________________________________________________________________________________________________________ |
Snam SpA | 89,133 | | $ | 477,723 | | |
________________________________________________________________________________________________________ |
| $ | 477,723 | | |
________________________________________________________________________________________________________ |
Health Care Equipment & Supplies — 2.4% | |
________________________________________________________________________________________________________ |
Baxter International, Inc. | 17,534 | | $ | 1,564,383 | | |
Boston Scientific Corp.(2) | 45,265 | | | 1,895,246 | | |
Danaher Corp. | 9,512 | | | 1,530,195 | | |
Intuitive Surgical, Inc.(2) | 2,596 | | | 1,453,189 | | |
Straumann Holding AG | 1,196 | | | 1,139,946 | | |
________________________________________________________________________________________________________ |
| $ | 7,582,959 | | |
________________________________________________________________________________________________________ |
Health Care Providers & Services — 0.5% | |
________________________________________________________________________________________________________ |
Anthem, Inc. | 5,455 | | $ | 1,447,102 | | |
________________________________________________________________________________________________________ |
| $ | 1,447,102 | | |
________________________________________________________________________________________________________ |
Hotels, Restaurants & Leisure — 0.8% | |
________________________________________________________________________________________________________ |
Compass Group PLC | 60,007 | | $ | 1,483,505 | | |
Sodexo S.A. | 8,700 | | | 910,932 | | |
________________________________________________________________________________________________________ |
| $ | 2,394,437 | | |
________________________________________________________________________________________________________ |
Industrial Conglomerates — 1.0% | |
________________________________________________________________________________________________________ |
DCC PLC | 18,314 | | $ | 1,478,708 | | |
Siemens AG | 13,309 | | | 1,641,507 | | |
________________________________________________________________________________________________________ |
| $ | 3,120,215 | | |
________________________________________________________________________________________________________ |
Insurance — 2.2% | |
________________________________________________________________________________________________________ |
AIA Group, Ltd. | 162,170 | | $ | 1,606,934 | | |
Aviva PLC | 280,659 | | | 1,470,790 | | |
Chubb, Ltd. | 6,143 | | | 933,674 | | |
Progressive Corp. (The) | 18,158 | | | 1,465,169 | | |
Prudential PLC | 72,077 | | | 1,281,556 | | |
________________________________________________________________________________________________________ |
| $ | 6,758,123 | | |
________________________________________________________________________________________________________ |
Interactive Media & Services — 3.4% | |
________________________________________________________________________________________________________ |
Alphabet, Inc., Class C(2) | 4,508 | | $ | 6,465,509 | | |
Facebook, Inc., Class A(2) | 12,990 | | | 2,622,811 | | |
Tencent Holdings, Ltd. | 28,857 | | | 1,376,195 | | |
________________________________________________________________________________________________________ |
| $ | 10,464,515 | | |
________________________________________________________________________________________________________ |
Internet & Direct Marketing Retail — 1.8% | |
________________________________________________________________________________________________________ |
Amazon.com, Inc.(2) | 2,772 | | $ | 5,568,172 | | |
________________________________________________________________________________________________________ |
| $ | 5,568,172 | | |
________________________________________________________________________________________________________ |
IT Services — 1.6% | |
________________________________________________________________________________________________________ |
Amadeus IT Group S.A. | 37,479 | | $ | 2,938,581 | | |
Visa, Inc., Class A | 10,579 | | | 2,104,904 | | |
________________________________________________________________________________________________________ |
| $ | 5,043,485 | | |
________________________________________________________________________________________________________ |
Leisure Products — 0.5% | |
________________________________________________________________________________________________________ |
Yamaha Corp. | 30,986 | | $ | 1,582,978 | | |
________________________________________________________________________________________________________ |
| $ | 1,582,978 | | |
________________________________________________________________________________________________________ |
Life Sciences Tools & Services — 0.3% | |
________________________________________________________________________________________________________ |
Lonza Group AG | 2,622 | | $ | 1,076,829 | | |
________________________________________________________________________________________________________ |
| $ | 1,076,829 | | |
________________________________________________________________________________________________________ |
Machinery — 4.1% | |
________________________________________________________________________________________________________ |
Gardner Denver Holdings, Inc.(2) | 55,622 | | $ | 1,964,013 | | |
ITT, Inc. | 25,890 | | | 1,736,701 | | |
Komatsu, Ltd. | 69,859 | | | 1,544,654 | | |
Sandvik AB | 94,818 | | | 1,730,588 | | |
SMC Corp. | 2,998 | | | 1,294,144 | | |
Stanley Black & Decker, Inc. | 16,121 | | | 2,568,559 | | |
Xylem, Inc. | 20,747 | | | 1,694,200 | | |
________________________________________________________________________________________________________ |
| $ | 12,532,859 | | |
________________________________________________________________________________________________________ |
Media — 0.0%(1) | |
________________________________________________________________________________________________________ |
Clear Channel Outdoor Holdings, Inc.(2) | 3,408 | | $ | 9,304 | | |
iHeartMedia, Inc., Class A(2) | 715 | | | 12,641 | | |
________________________________________________________________________________________________________ |
| $ | 21,945 | | |
________________________________________________________________________________________________________ |
Metals & Mining — 0.6% | |
________________________________________________________________________________________________________ |
Rio Tinto, Ltd. | 29,077 | | $ | 1,886,758 | | |
________________________________________________________________________________________________________ |
| $ | 1,886,758 | | |
________________________________________________________________________________________________________ |
Multi-Utilities — 0.5% | |
________________________________________________________________________________________________________ |
CMS Energy Corp. | 20,684 | | $ | 1,417,061 | | |
________________________________________________________________________________________________________ |
| $ | 1,417,061 | | |
________________________________________________________________________________________________________ |
Multiline Retail — 0.2% | |
________________________________________________________________________________________________________ |
Wesfarmers, Ltd. | 21,099 | | $ | 633,012 | | |
________________________________________________________________________________________________________ |
| $ | 633,012 | | |
________________________________________________________________________________________________________ |
Oil, Gas & Consumable Fuels — 2.0% | |
________________________________________________________________________________________________________ |
ConocoPhillips | 30,119 | | $ | 1,789,972 | | |
EOG Resources, Inc. | 18,141 | | | 1,322,660 | | |
Exxon Mobil Corp. | 22,999 | | | 1,428,698 | | |
Phillips 66 | 16,984 | | | 1,551,828 | | |
________________________________________________________________________________________________________ |
| $ | 6,093,158 | | |
________________________________________________________________________________________________________ |
Paper & Forest Products — 0.1% | |
________________________________________________________________________________________________________ |
Stora Enso Oyj, Class R | 35,701 | | $ | 463,417 | | |
________________________________________________________________________________________________________ |
| $ | 463,417 | | |
________________________________________________________________________________________________________ |
Personal Products — 0.8% | |
________________________________________________________________________________________________________ |
Unilever PLC | 40,366 | | $ | 2,407,885 | | |
________________________________________________________________________________________________________ |
| $ | 2,407,885 | | |
________________________________________________________________________________________________________ |
Pharmaceuticals — 3.9% | |
________________________________________________________________________________________________________ |
Eli Lilly & Co. | 13,509 | | $ | 1,886,397 | | |
GlaxoSmithKline PLC | 76,303 | | | 1,791,549 | | |
Novartis AG | 17,627 | | | 1,665,189 | | |
Novo Nordisk A/S, Class B | 27,142 | | | 1,652,178 | | |
Roche Holding AG | 2,011 | | | 674,627 | | |
Sanofi | 23,820 | | | 2,297,161 | | |
Zoetis, Inc. | 16,533 | | | 2,218,894 | | |
________________________________________________________________________________________________________ |
| $ | 12,185,995 | | |
________________________________________________________________________________________________________ |
Professional Services — 1.4% | |
________________________________________________________________________________________________________ |
Recruit Holdings Co., Ltd. | 65,789 | | $ | 2,564,210 | | |
SGS S.A., Class R | 147 | | | 425,223 | | |
Verisk Analytics, Inc. | 7,896 | | | 1,282,863 | | |
________________________________________________________________________________________________________ |
| $ | 4,272,296 | | |
________________________________________________________________________________________________________ |
Semiconductors & Semiconductor Equipment — 1.8% | |
________________________________________________________________________________________________________ |
ASML Holding NV | 7,310 | | $ | 2,051,457 | | |
Infineon Technologies AG | 78,869 | | | 1,694,338 | | |
Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 33,524 | | | 1,808,284 | | |
________________________________________________________________________________________________________ |
| $ | 5,554,079 | | |
________________________________________________________________________________________________________ |
Software — 2.5% | |
________________________________________________________________________________________________________ |
Microsoft Corp. | 36,581 | | $ | 6,227,184 | | |
NortonLifeLock, Inc. | 48,432 | | | 1,376,437 | | |
________________________________________________________________________________________________________ |
| $ | 7,603,621 | | |
________________________________________________________________________________________________________ |
Specialty Retail — 1.8% | |
________________________________________________________________________________________________________ |
Buckle, Inc. (The) | 19,660 | | $ | 479,901 | | |
Industria de Diseno Textil S.A. | 39,746 | | | 1,336,541 | | |
Lowe's Cos., Inc. | 19,956 | | | 2,319,686 | | |
TJX Cos., Inc. (The) | 25,260 | | | 1,491,350 | | |
________________________________________________________________________________________________________ |
| $ | 5,627,478 | | |
________________________________________________________________________________________________________ |
Technology Hardware, Storage & Peripherals — 1.5% | |
________________________________________________________________________________________________________ |
Apple, Inc. | 14,897 | | $ | 4,610,770 | | |
________________________________________________________________________________________________________ |
| $ | 4,610,770 | | |
________________________________________________________________________________________________________ |
Textiles, Apparel & Luxury Goods — 1.1% | |
________________________________________________________________________________________________________ |
adidas AG | 3,688 | | $ | 1,165,829 | | |
LVMH Moet Hennessy Louis Vuitton SE | 4,182 | | | 1,821,144 | | |
Pandora A/S | 11,122 | | | 574,071 | | |
________________________________________________________________________________________________________ |
| $ | 3,561,044 | | |
________________________________________________________________________________________________________ |
Wireless Telecommunication Services — 0.6% | |
________________________________________________________________________________________________________ |
Tele2 AB, Class B | 117,332 | | $ | 1,770,199 | | |
________________________________________________________________________________________________________ |
| $ | 1,770,199 | | |
________________________________________________________________________________________________________ |
Total Common Stocks
(identified cost $146,853,219) | $ | 177,467,458 | | |
________________________________________________________________________________________________________ |
Preferred Stocks — 0.9% | |
Security | | | Shares | | | Value | | |
________________________________________________________________________________________________________ |
Banks — 0.1% | |
________________________________________________________________________________________________________ |
Farm Credit Bank of Texas, 6.75% to 9/15/23(3)(4) | 1,115 | | $ | 120,978 | | |
Wells Fargo & Co., Series Q, 5.85% to 9/15/23(4) | 4,680 | | | 127,202 | | |
________________________________________________________________________________________________________ |
| $ | 248,180 | | |
________________________________________________________________________________________________________ |
Electric Utilities — 0.1% | |
________________________________________________________________________________________________________ |
SCE Trust III, Series H, 5.75% to 3/15/24(4) | 15,000 | | $ | 373,500 | | |
________________________________________________________________________________________________________ |
| $ | 373,500 | | |
________________________________________________________________________________________________________ |
Equity Real Estate Investment Trusts (REITs) — 0.1% | |
________________________________________________________________________________________________________ |
SITE Centers Corp., Series A, 6.375% | 10,450 | | $ | 280,269 | | |
SITE Centers Corp., Series K, 6.25% | 1,950 | | | 50,603 | | |
________________________________________________________________________________________________________ |
| $ | 330,872 | | |
________________________________________________________________________________________________________ |
Food Products — 0.2% | |
________________________________________________________________________________________________________ |
Dairy Farmers of America, Inc., 7.875%(3) | 4,700 | | $ | 472,350 | | |
Ocean Spray Cranberries, Inc., 6.25%(3) | 540 | | | 46,980 | | |
________________________________________________________________________________________________________ |
| $ | 519,330 | | |
________________________________________________________________________________________________________ |
Independent Power and Renewable Electricity Producers — 0.0%(1) | |
________________________________________________________________________________________________________ |
Algonquin Power & Utilities Corp., Series 19-A, 6.20% to 7/1/24(4) | 3,175 | | $ | 91,575 | | |
________________________________________________________________________________________________________ |
| $ | 91,575 | | |
________________________________________________________________________________________________________ |
Insurance — 0.0%(1) | |
________________________________________________________________________________________________________ |
American Equity Investment Life Holding Co., Series A, 5.95% to 12/1/24(4) | 5,600 | | $ | 147,056 | | |
________________________________________________________________________________________________________ |
| $ | 147,056 | | |
________________________________________________________________________________________________________ |
Multi-Utilities — 0.1% | |
________________________________________________________________________________________________________ |
DTE Energy Co., Series C, 5.25% | 9,407 | | $ | 241,854 | | |
________________________________________________________________________________________________________ |
| $ | 241,854 | | |
________________________________________________________________________________________________________ |
Oil, Gas & Consumable Fuels — 0.2% | |
________________________________________________________________________________________________________ |
NuStar Energy, L.P., Series B, 7.625% to 6/15/22(4) | 23,750 | | $ | 539,837 | | |
________________________________________________________________________________________________________ |
| $ | 539,837 | | |
________________________________________________________________________________________________________ |
Pipelines — 0.0%(1) | |
________________________________________________________________________________________________________ |
Energy Transfer Operating, L.P., Series C, 7.375% to 5/15/23(4) | 3,000 | | $ | 73,740 | | |
Energy Transfer Operating, L.P., Series E, 7.60% to 5/15/24(4) | 2,970 | | | 74,844 | | |
________________________________________________________________________________________________________ |
| $ | 148,584 | | |
________________________________________________________________________________________________________ |
Real Estate Management & Development — 0.1% | |
________________________________________________________________________________________________________ |
Brookfield Property Partners, L.P., Series A2, 6.375% | 9,125 | | $ | 242,360 | | |
________________________________________________________________________________________________________ |
| $ | 242,360 | | |
________________________________________________________________________________________________________ |
Total Preferred Stocks
(identified cost $2,864,599) | $ | 2,883,148 | | |
________________________________________________________________________________________________________ |
Corporate Bonds & Notes — 37.6% | |
Security | | | | Principal
Amount*
(000's omitted) | | Value | | |
________________________________________________________________________________________________________ |
Aerospace & Defense — 0.6% | |
________________________________________________________________________________________________________ |
BWX Technologies, Inc., 5.375%, 7/15/26(3) | | | 215 | | $ | 228,512 | | |
F-Brasile SpA/F-Brasile US LLC, 7.375%, 8/15/26(3) | | | 200 | | | 213,500 | | |
Moog, Inc., 4.25%, 12/15/27(3) | | | 90 | | | 92,488 | | |
TransDigm UK Holdings PLC, 6.875%, 5/15/26 | | | 200 | | | 213,569 | | |
TransDigm, Inc., 5.50%, 11/15/27(3) | | | 370 | | | 372,960 | | |
TransDigm, Inc., 6.25%, 3/15/26(3) | | | 419 | | | 452,677 | | |
TransDigm, Inc., 6.50%, 5/15/25 | | | 30 | | | 31,263 | | |
TransDigm, Inc., 7.50%, 3/15/27 | | | 327 | | | 358,670 | | |
________________________________________________________________________________________________________ |
| $ | 1,963,639 | | |
________________________________________________________________________________________________________ |
Auto Components — 0.7% | |
________________________________________________________________________________________________________ |
Garrett LX I S.a.r.l./Garrett Borrowing, LLC, 5.125%, 10/15/26(5) | | EUR | 275 | | $ | 302,778 | | |
Panther BF Aggregator 2 L.P./Panther Finance Co., Inc., 4.375%, 5/15/26(5) | | EUR | 881 | | | 1,010,049 | | |
Panther BF Aggregator 2 L.P./Panther Finance Co., Inc., 8.50%, 5/15/27(3) | | EUR | 824 | | | 887,324 | | |
________________________________________________________________________________________________________ |
| $ | 2,200,151 | | |
________________________________________________________________________________________________________ |
Automobiles — 0.1% | |
________________________________________________________________________________________________________ |
General Motors Financial Co., Inc., Series A, 5.75% to 9/30/27(4)(6) | | | 317 | | $ | 319,319 | | |
Jaguar Land Rover Automotive PLC, 6.875%, 11/15/26(5) | | EUR | 100 | | | 118,334 | | |
________________________________________________________________________________________________________ |
| $ | 437,653 | | |
________________________________________________________________________________________________________ |
Banks — 2.7% | |
________________________________________________________________________________________________________ |
Banco Bilbao Vizcaya Argentaria S.A., 6.125% to 11/16/27(4)(6) | | | 400 | | $ | 421,206 | | |
Banco Mercantil del Norte S.A./Grand Cayman, 7.625% to 1/10/28(3)(4)(6) | | | 200 | | | 224,555 | | |
Bank of America Corp., Series FF, 5.875% to 3/15/28(4)(6) | | | 355 | | | 397,445 | | |
Barclays PLC, 7.75% to 9/15/23(4)(6) | | | 495 | | | 542,369 | | |
CIT Group, Inc., 6.125%, 3/9/28 | | | 105 | | | 125,307 | | |
Citigroup, Inc., 5.95% to 1/30/23(4)(6) | | | 125 | | | 133,499 | | |
Citigroup, Inc., Series M, 6.30% to 5/15/24(4)(6) | | | 400 | | | 434,522 | | |
Credit Suisse Group AG, 5.10% to 1/24/30(3)(4)(6) | | | 200 | | | 202,250 | | |
Credit Suisse Group AG, 7.50% to 7/17/23(3)(4)(6) | | | 208 | | | 229,329 | | |
Farm Credit Bank of Texas, Series 3, 6.20% to 6/15/28(3)(4)(6) | | | 220 | | | 235,046 | | |
Fifth Third Bancorp, Series H, 5.10% to 6/30/23(4)(6) | | | 460 | | | 476,420 | | |
JPMorgan Chase & Co., 4.60% to 2/1/25(4)(6) | | | 298 | | | 304,601 | | |
JPMorgan Chase & Co., Series S, 6.75% to 2/1/24(4)(6) | | | 215 | | | 242,532 | | |
JPMorgan Chase & Co., Series X, 6.10% to 10/1/24(4)(6) | | | 598 | | | 660,255 | | |
Lloyds Banking Group PLC, 7.50% to 9/27/25(4)(6) | | | 400 | | | 457,778 | | |
Royal Bank of Scotland Group PLC, 8.00% to 8/10/25(4)(6) | | | 389 | | | 454,607 | | |
Societe Generale S.A., 6.75% to 4/6/28(3)(4)(6) | | | 210 | | | 236,159 | | |
Vivion Investments S.a.r.l, 3.00%, 8/8/24(5) | | EUR | 2,000 | | | 2,313,078 | | |
Zions Bancorp NA, 5.80% to 6/15/23(4)(6) | | | 268 | | | 278,516 | | |
________________________________________________________________________________________________________ |
| $ | 8,369,474 | | |
________________________________________________________________________________________________________ |
Building Products — 0.5% | |
________________________________________________________________________________________________________ |
Builders FirstSource, Inc., 5.625%, 9/1/24(3) | | | 133 | | $ | 138,597 | | |
Builders FirstSource, Inc., 6.75%, 6/1/27(3) | | | 76 | | | 83,452 | | |
M/I Homes, Inc., 4.95%, 2/1/28(3) | | | 82 | | | 84,665 | | |
Masonite International Corp., 5.375%, 2/1/28(3) | | | 105 | | | 110,712 | | |
Standard Industries, Inc., 2.25%, 11/21/26(5) | | EUR | 500 | | | 563,109 | | |
Taylor Morrison Communities, Inc., 5.75%, 1/15/28(3) | | | 196 | | | 215,178 | | |
Taylor Morrison Communities, Inc., 5.875%, 6/15/27(3) | | | 146 | | | 162,764 | | |
TRI Pointe Group, Inc./TRI Pointe Homes, Inc., 5.875%, 6/15/24 | | | 74 | | | 80,506 | | |
________________________________________________________________________________________________________ |
| $ | 1,438,983 | | |
________________________________________________________________________________________________________ |
Capital Markets — 0.2% | |
________________________________________________________________________________________________________ |
AerCap Holdings NV, 5.875% to 10/10/24, 10/10/79(4) | | | 150 | | $ | 160,766 | | |
Charles Schwab Corp. (The), Series F, 5.00% to 12/1/27(4)(6) | | | 450 | | | 473,992 | | |
________________________________________________________________________________________________________ |
| $ | 634,758 | | |
________________________________________________________________________________________________________ |
Casino & Gaming — 0.3% | |
________________________________________________________________________________________________________ |
Cinemark USA, Inc., 4.875%, 6/1/23 | | | 430 | | $ | 436,445 | | |
GLP Capital, L.P./GLP Financing II, Inc., 4.375%, 4/15/21 | | | 30 | | | 30,687 | | |
Speedway Motorsports, LLC/Speedway Funding II, Inc., 4.875%, 11/1/27(3) | | | 156 | | | 157,560 | | |
Stars Group Holdings B.V./Stars Group US Co-Borrower, LLC, 7.00%, 7/15/26(3) | | | 287 | | | 312,285 | | |
________________________________________________________________________________________________________ |
| $ | 936,977 | | |
________________________________________________________________________________________________________ |
Chemicals — 0.5% | |
________________________________________________________________________________________________________ |
Hexion, Inc., 7.875%, 7/15/27(3) | | | 89 | | $ | 91,895 | | |
Nufarm Australia, Ltd./Nufarm Americas, Inc., 5.75%, 4/30/26(3) | | | 220 | | | 214,027 | | |
SPCM S.A., 4.875%, 9/15/25(3) | | | 200 | | | 206,998 | | |
Valvoline, Inc., 5.50%, 7/15/24 | | | 45 | | | 46,762 | | |
Venator Finance S.a.r.l/Venator Materials, LLC, 5.75%, 7/15/25(3) | | | 58 | | | 53,215 | | |
W.R. Grace & Co., 5.125%, 10/1/21(3) | | | 750 | | | 780,525 | | |
________________________________________________________________________________________________________ |
| $ | 1,393,422 | | |
________________________________________________________________________________________________________ |
Commercial Services & Supplies — 1.4% | |
________________________________________________________________________________________________________ |
Advanced Disposal Services, Inc., 5.625%, 11/15/24(3) | | | 170 | | $ | 177,551 | | |
Autostrade per l'Italia SpA, 5.875%, 6/9/24 | | EUR | 300 | | | 389,630 | | |
Clean Harbors, Inc., 4.875%, 7/15/27(3) | | | 101 | | | 106,479 | | |
Clean Harbors, Inc., 5.125%, 7/15/29(3) | | | 61 | | | 65,139 | | |
Covanta Holding Corp., 5.875%, 3/1/24 | | | 500 | | | 510,208 | | |
Covanta Holding Corp., 5.875%, 7/1/25 | | | 95 | | | 98,810 | | |
GFL Environmental, Inc., 5.375%, 3/1/23(3) | | | 270 | | | 276,413 | | |
GFL Environmental, Inc., 8.50%, 5/1/27(3) | | | 521 | | | 568,854 | | |
GW B-CR Security Corp., 9.50%, 11/1/27(3) | | | 249 | | | 266,268 | | |
IPD 3 B.V., 4.50%, 7/15/22(5) | | EUR | 125 | | | 141,773 | | |
KAR Auction Services, Inc., 5.125%, 6/1/25(3) | | | 171 | | | 175,773 | | |
Korn Ferry, 4.625%, 12/15/27(3) | | | 64 | | | 64,406 | | |
Prime Security Services Borrower, LLC/Prime Finance, Inc., 9.25%, 5/15/23(3) | | | 158 | | | 165,801 | | |
ServiceMaster Co., LLC (The), 7.45%, 8/15/27 | | | 550 | | | 632,691 | | |
Team Health Holdings, Inc., 6.375%, 2/1/25(3) | | | 84 | | | 49,597 | | |
TMS International Holding Corp., 7.25%, 8/15/25(3) | | | 94 | | | 89,104 | | |
Verisure Holding AB, 3.50%, 5/15/23(5) | | EUR | 540 | | | 613,828 | | |
________________________________________________________________________________________________________ |
| $ | 4,392,325 | | |
________________________________________________________________________________________________________ |
Communications Equipment — 0.7% | |
________________________________________________________________________________________________________ |
CommScope Technologies, LLC, 5.00%, 3/15/27(3) | | | 175 | | $ | 159,254 | | |
CommScope Technologies, LLC, 6.00%, 6/15/25(3) | | | 71 | | | 67,939 | | |
Crystal Almond S.a.r.l, 4.25%, 10/15/24(5) | | EUR | 323 | | | 370,268 | | |
Matterhorn Telecom S.A., 3.125%, 9/15/26(5) | | EUR | 980 | | | 1,116,383 | | |
Riverbed Technology, Inc., 8.875%, 3/1/23(3) | | | 398 | | | 256,710 | | |
Sprint Communications, Inc., 6.00%, 11/15/22 | | | 75 | | | 77,571 | | |
________________________________________________________________________________________________________ |
| $ | 2,048,125 | | |
________________________________________________________________________________________________________ |
Consumer Finance — 0.4% | |
________________________________________________________________________________________________________ |
CPUK Finance, Ltd., 4.875%, 2/28/47(5) | | GBP | 895 | | $ | 1,226,296 | | |
William Carter Co. (The), 5.625%, 3/15/27(3) | | | 144 | | | 153,673 | | |
________________________________________________________________________________________________________ |
| $ | 1,379,969 | | |
________________________________________________________________________________________________________ |
Containers & Packaging — 0.6% | |
________________________________________________________________________________________________________ |
ARD Finance S.A., 5.00%, (5.00% cash or 5.75% PIK), 6/30/27(5)(7) | | EUR | 596 | | $ | 674,084 | | |
Reynolds Group Issuer, Inc./Reynolds Group Issuer, LLC, 5.125%, 7/15/23(3) | | | 120 | | | 123,100 | | |
Trivium Packaging Finance B.V., 3.75%, 8/15/26(5) | | EUR | 780 | | | 907,957 | | |
Trivium Packaging Finance B.V., 5.50%, 8/15/26(3) | | | 200 | | | 211,125 | | |
________________________________________________________________________________________________________ |
| $ | 1,916,266 | | |
________________________________________________________________________________________________________ |
Distributors — 0.6% | |
________________________________________________________________________________________________________ |
Core & Main Holdings, L.P., 8.625%, (8.625% cash or 9.375% PIK), 9/15/24(3)(7) | | | 214 | | $ | 223,719 | | |
IAA, Inc., 5.50%, 6/15/27(3) | | | 97 | | | 103,111 | | |
Parts Europe S.A., 4.375%, (3 mo. EURIBOR + 4.375%), 5/1/22(5)(8) | | EUR | 662 | | | 739,052 | | |
Parts Europe S.A., 5.50%, (3 mo. EURIBOR + 5.50%), 5/1/22(5)(8) | | EUR | 340 | | | 379,999 | | |
Performance Food Group, Inc., 5.50%, 10/15/27(3) | | | 169 | | | 178,299 | | |
Univar Solutions USA, Inc., 5.125%, 12/1/27(3) | | | 65 | | | 67,558 | | |
________________________________________________________________________________________________________ |
| $ | 1,691,738 | | |
________________________________________________________________________________________________________ |
Diversified Consumer Services — 0.7% | |
________________________________________________________________________________________________________ |
GEMS MENASA Cayman, Ltd./GEMS Education Delaware, LLC, 7.125%, 7/31/26(3) | | | 267 | | $ | 279,219 | | |
GEMS MENASA Cayman, Ltd./GEMS Education Delaware, LLC, 7.125%, 7/31/26(5) | | | 1,050 | | | 1,098,053 | | |
Laureate Education, Inc., 8.25%, 5/1/25(3) | | | 745 | | | 799,937 | | |
________________________________________________________________________________________________________ |
| $ | 2,177,209 | | |
________________________________________________________________________________________________________ |
Diversified Financial Services — 1.2% | |
________________________________________________________________________________________________________ |
AG Issuer, LLC, 6.25%, 3/1/28(3)(9) | | | 118 | | $ | 118,405 | | |
Alliance Data Systems Corp., 4.75%, 12/15/24(3) | | | 194 | | | 193,913 | | |
Allied Universal Holdco, LLC/Allied Universal Finance Corp., 6.625%, 7/15/26(3) | | | 171 | | | 182,115 | | |
Alpha Holding SA de CV, 9.00%, 2/10/25(3)(9) | | | 200 | | | 200,750 | | |
Avolon Holdings Funding, Ltd., 5.125%, 10/1/23(3) | | | 350 | | | 381,845 | | |
DAE Funding, LLC, 4.50%, 8/1/22(3) | | | 155 | | | 158,099 | | |
DAE Funding, LLC, 5.00%, 8/1/24(3) | | | 255 | | | 267,429 | | |
GFL Environmental, Inc., 7.00%, 6/1/26(3) | | | 245 | | | 256,036 | | |
Icahn Enterprises, L.P./Icahn Enterprises Finance Corp., 5.25%, 5/15/27(3) | | | 292 | | | 293,460 | | |
Icahn Enterprises, L.P./Icahn Enterprises Finance Corp., 6.25%, 5/15/26 | | | 291 | | | 306,002 | | |
Icahn Enterprises, L.P./Icahn Enterprises Finance Corp., 6.375%, 12/15/25 | | | 120 | | | 125,500 | | |
Lincoln Financing S.a.r.l., 3.625%, 4/1/24(5) | | EUR | 498 | | | 565,084 | | |
Louvre Bidco SAS, 4.25%, 9/30/24(5) | | EUR | 215 | | | 247,719 | | |
Park Aerospace Holdings, Ltd., 5.25%, 8/15/22(3) | | | 340 | | | 364,661 | | |
West Corp., 8.50%, 10/15/25(3) | | | 186 | | | 148,335 | | |
________________________________________________________________________________________________________ |
| $ | 3,809,353 | | |
________________________________________________________________________________________________________ |
Diversified Telecommunication Services — 0.0%(1) | |
________________________________________________________________________________________________________ |
Level 3 Financing, Inc., 5.25%, 3/15/26 | | | 90 | | $ | 93,776 | | |
________________________________________________________________________________________________________ |
| $ | 93,776 | | |
________________________________________________________________________________________________________ |
Electric Utilities — 1.0% | |
________________________________________________________________________________________________________ |
AES Corp. (The), 6.00%, 5/15/26 | | | 45 | | $ | 47,502 | | |
Drax Finco PLC, 6.625%, 11/1/25(3) | | | 1,000 | | | 1,060,065 | | |
Enviva Partners, L.P./Enviva Partners Finance Corp., 6.50%, 1/15/26(3) | | | 277 | | | 296,188 | | |
NextEra Energy Capital Holdings, Inc., 5.65% to 5/1/29, 5/1/79(4) | | | 155 | | | 173,700 | | |
NextEra Energy Operating Partners, L.P., 4.25%, 9/15/24(3) | | | 95 | | | 99,117 | | |
NextEra Energy Operating Partners, L.P., 4.50%, 9/15/27(3) | | | 150 | | | 156,777 | | |
NRG Energy, Inc., 5.25%, 6/15/29(3) | | | 122 | | | 131,699 | | |
Pattern Energy Group, Inc., 5.875%, 2/1/24(3) | | | 60 | | | 61,825 | | |
Southern Co. (The), Series B, 5.50% to 3/15/22, 3/15/57(4) | | | 192 | | | 201,155 | | |
TerraForm Power Operating, LLC, 4.25%, 1/31/23(3) | | | 95 | | | 97,884 | | |
TerraForm Power Operating, LLC, 5.00%, 1/31/28(3) | | | 237 | | | 256,398 | | |
Vistra Energy Corp., 8.125%, 1/30/26(3) | | | 190 | | | 202,825 | | |
Vistra Operations Co., LLC, 4.30%, 7/15/29(3) | | | 36 | | | 37,114 | | |
Vistra Operations Co., LLC, 5.00%, 7/31/27(3) | | | 232 | | | 238,531 | | |
________________________________________________________________________________________________________ |
| $ | 3,060,780 | | |
________________________________________________________________________________________________________ |
Entertainment — 0.8% | |
________________________________________________________________________________________________________ |
EIG Investors Corp., 10.875%, 2/1/24 | | | 480 | | $ | 496,999 | | |
Go Daddy Operating Co., LLC/GD Finance Co., Inc., 5.25%, 12/1/27(3) | | | 226 | | | 237,436 | | |
Golden Entertainment, Inc., 7.625%, 4/15/26(3) | | | 100 | | | 108,138 | | |
Netflix, Inc., 4.875%, 6/15/30(3) | | | 234 | | | 244,524 | | |
Netflix, Inc., 5.875%, 11/15/28 | | | 300 | | | 338,400 | | |
Pinewood Finance Co., Ltd., 3.25%, 9/30/25(5) | | GBP | 300 | | | 404,911 | | |
Scientific Games International, Inc., 7.00%, 5/15/28(3) | | | 100 | | | 105,622 | | |
Scientific Games International, Inc., 7.25%, 11/15/29(3) | | | 80 | | | 85,948 | | |
Zayo Group, LLC/Zayo Capital, Inc., 6.375%, 5/15/25 | | | 369 | | | 377,887 | | |
________________________________________________________________________________________________________ |
| $ | 2,399,865 | | |
________________________________________________________________________________________________________ |
Equity Real Estate Investment Trusts (REITs) — 0.2% | |
________________________________________________________________________________________________________ |
MGM Growth Properties Operating Partnership, L.P./MGP Finance Co-Issuer, Inc., 4.50%, 9/1/26 | | | 100 | | $ | 104,268 | | |
MGM Growth Properties Operating Partnership, L.P./MGP Finance Co-Issuer, Inc., 5.625%, 5/1/24 | | | 200 | | | 218,575 | | |
MGM Growth Properties Operating Partnership, L.P./MGP Finance Co-Issuer, Inc., 5.75%, 2/1/27 | | | 101 | | | 112,489 | | |
SBA Communications Corp., 4.00%, 10/1/22 | | | 150 | | | 152,999 | | |
SBA Communications Corp., 4.875%, 9/1/24 | | | 55 | | | 57,016 | | |
________________________________________________________________________________________________________ |
| $ | 645,347 | | |
________________________________________________________________________________________________________ |
Food Products — 0.7% | |
________________________________________________________________________________________________________ |
Albertsons Cos., Inc./Safeway, Inc./New Albertsons, L.P./Albertsons, LLC, 4.875%, 2/15/30(3)(9) | | | 91 | | $ | 93,730 | | |
Albertsons Cos., Inc./Safeway, Inc./New Albertsons, L.P./Albertsons, LLC, 5.875%, 2/15/28(3) | | | 181 | | | 193,552 | | |
JBS USA LUX S.A./JBS USA Food Co./JBS USA Finance, Inc., 5.50%, 1/15/30(3) | | | 291 | | | 314,818 | | |
Land O' Lakes, Inc., 8.00%(3)(6) | | | 415 | | | 419,150 | | |
Post Holdings, Inc., 5.00%, 8/15/26(3) | | | 85 | | | 87,920 | | |
Post Holdings, Inc., 5.50%, 3/1/25(3) | | | 190 | | | 197,204 | | |
Post Holdings, Inc., 5.50%, 12/15/29(3) | | | 51 | | | 54,085 | | |
Post Holdings, Inc., 5.625%, 1/15/28(3) | | | 133 | | | 140,894 | | |
US Foods, Inc., 5.875%, 6/15/24(3) | | | 510 | | | 522,605 | | |
________________________________________________________________________________________________________ |
| $ | 2,023,958 | | |
________________________________________________________________________________________________________ |
Gas Utilities — 0.1% | |
________________________________________________________________________________________________________ |
NiSource, Inc., 5.65% to 6/15/23(4)(6) | | | 280 | | $ | 292,737 | | |
________________________________________________________________________________________________________ |
| $ | 292,737 | | |
________________________________________________________________________________________________________ |
Health Care Equipment & Supplies — 1.5% | |
________________________________________________________________________________________________________ |
Catalent Pharma Solutions, Inc., 5.00%, 7/15/27(3) | | | 121 | | $ | 127,595 | | |
Centene Corp., 4.25%, 12/15/27(3) | | | 182 | | | 190,527 | | |
Centene Corp., 4.625%, 12/15/29(3) | | | 319 | | | 343,930 | | |
Centene Corp., 4.75%, 1/15/25 | | | 300 | | | 310,624 | | |
Centene Corp., 5.25%, 4/1/25(3) | | | 318 | | | 330,720 | | |
Centene Corp., 5.375%, 6/1/26(3) | | | 445 | | | 474,192 | | |
Centene Corp., 5.375%, 8/15/26(3) | | | 261 | | | 277,965 | | |
Centene Corp., 6.125%, 2/15/24 | | | 340 | | | 351,475 | | |
Compass Minerals International, Inc., 6.75%, 12/1/27(3) | | | 182 | | | 195,264 | | |
Hologic, Inc., 4.375%, 10/15/25(3) | | | 70 | | | 71,429 | | |
MPH Acquisition Holdings, LLC, 7.125%, 6/1/24(3) | | | 1,174 | | | 1,140,083 | | |
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc., 9.75%, 12/1/26(3) | | | 429 | | | 479,954 | | |
Select Medical Corp., 6.25%, 8/15/26(3) | | | 236 | | | 255,037 | | |
________________________________________________________________________________________________________ |
| $ | 4,548,795 | | |
________________________________________________________________________________________________________ |
Health Care Providers & Services — 1.1% | |
________________________________________________________________________________________________________ |
Eagle Holding Co. II, LLC, 7.75%, (7.75% cash or 8.50% PIK), 5/15/22(3)(7) | | | 411 | | $ | 415,842 | | |
Encompass Health Corp., 4.75%, 2/1/30 | | | 110 | | | 114,604 | | |
HCA, Inc., 5.00%, 3/15/24 | | | 110 | | | 121,914 | | |
HCA, Inc., 5.375%, 9/1/26 | | | 270 | | | 304,445 | | |
HCA, Inc., 5.625%, 9/1/28 | | | 330 | | | 382,189 | | |
HCA, Inc., 5.875%, 2/15/26 | | | 750 | | | 862,050 | | |
HCA, Inc., 5.875%, 2/1/29 | | | 190 | | | 224,457 | | |
Surgery Center Holdings, Inc., 6.75%, 7/1/25(3) | | | 15 | | | 15,256 | | |
Surgery Center Holdings, Inc., 10.00%, 4/15/27(3) | | | 67 | | | 75,003 | | |
Tenet Healthcare Corp., 4.625%, 9/1/24(3) | | | 49 | | | 50,531 | | |
Tenet Healthcare Corp., 4.875%, 1/1/26(3) | | | 290 | | | 301,963 | | |
Tenet Healthcare Corp., 5.125%, 11/1/27(3) | | | 290 | | | 305,588 | | |
Tenet Healthcare Corp., 6.75%, 6/15/23 | | | 260 | | | 283,292 | | |
________________________________________________________________________________________________________ |
| $ | 3,457,134 | | |
________________________________________________________________________________________________________ |
Hotels, Restaurants & Leisure — 1.4% | |
________________________________________________________________________________________________________ |
1011778 B.C. Unlimited Liability Company/New Red Finance, Inc., 3.875%, 1/15/28(3) | | | 119 | | $ | 119,976 | | |
1011778 B.C. Unlimited Liability Company/New Red Finance, Inc., 4.25%, 5/15/24(3) | | | 325 | | | 332,584 | | |
1011778 B.C. Unlimited Liability Company/New Red Finance, Inc., 4.375%, 1/15/28(3) | | | 182 | | | 182,773 | | |
1011778 B.C. Unlimited Liability Company/New Red Finance, Inc., 5.00%, 10/15/25(3) | | | 504 | | | 520,519 | | |
Caesars Resort Collection, LLC/CRC Finco, Inc., 5.25%, 10/15/25(3) | | | 232 | | | 236,037 | | |
Eldorado Resorts, Inc., 6.00%, 4/1/25 | | | 141 | | | 147,841 | | |
Gateway Casinos & Entertainment, Ltd., 8.25%, 3/1/24(3) | | | 490 | | | 511,847 | | |
Golden Nugget, Inc., 6.75%, 10/15/24(3) | | | 266 | | | 274,030 | | |
Golden Nugget, Inc., 8.75%, 10/1/25(3) | | | 155 | | | 163,255 | | |
Lithia Motors, Inc., 4.625%, 12/15/27(3) | | | 91 | | | 93,275 | | |
Merlin Entertainments PLC, 5.75%, 6/15/26(3) | | | 200 | | | 219,069 | | |
MGM Resorts International, 5.75%, 6/15/25 | | | 240 | | | 268,154 | | |
Viking Cruises, Ltd., 5.875%, 9/15/27(3) | | | 730 | | | 749,637 | | |
Wynn Las Vegas, LLC/Wynn Las Vegas Capital Corp., 5.25%, 5/15/27(3) | | | 213 | | | 221,254 | | |
Wynn Resorts Finance, LLC/Wynn Resorts Capital Corp., 5.125%, 10/1/29(3) | | | 127 | | | 132,001 | | |
________________________________________________________________________________________________________ |
| $ | 4,172,252 | | |
________________________________________________________________________________________________________ |
Household Products — 0.2% | |
________________________________________________________________________________________________________ |
Central Garden & Pet Co., 5.125%, 2/1/28 | | | 50 | | $ | 52,017 | | |
Central Garden & Pet Co., 6.125%, 11/15/23 | | | 235 | | | 242,715 | | |
Prestige Brands, Inc., 5.125%, 1/15/28(3) | | | 64 | | | 67,040 | | |
Spectrum Brands, Inc., 5.00%, 10/1/29(3) | | | 73 | | | 76,066 | | |
Spectrum Brands, Inc., 5.75%, 7/15/25 | | | 120 | | | 124,949 | | |
________________________________________________________________________________________________________ |
| $ | 562,787 | | |
________________________________________________________________________________________________________ |
Independent Power and Renewable Electricity Producers — 0.5% | |
________________________________________________________________________________________________________ |
Calpine Corp., 4.50%, 2/15/28(3) | | | 195 | | $ | 194,269 | | |
Calpine Corp., 5.125%, 3/15/28(3) | | | 273 | | | 272,318 | | |
Calpine Corp., 5.25%, 6/1/26(3) | | | 150 | | | 155,238 | | |
Calpine Corp., 5.50%, 2/1/24 | | | 45 | | | 45,697 | | |
Calpine Corp., 5.75%, 1/15/25 | | | 295 | | | 304,003 | | |
NRG Energy, Inc., 5.75%, 1/15/28 | | | 210 | | | 226,412 | | |
NRG Energy, Inc., 7.25%, 5/15/26 | | | 271 | | | 293,864 | | |
________________________________________________________________________________________________________ |
| $ | 1,491,801 | | |
________________________________________________________________________________________________________ |
Industrial Conglomerates — 0.6% | |
________________________________________________________________________________________________________ |
Advanced Drainage Systems, Inc., 5.00%, 9/30/27(3) | | | 46 | | $ | 47,626 | | |
Ellaktor Value PLC, 6.375%, 12/15/24(5) | | EUR | 1,310 | | | 1,490,861 | | |
Ellaktor Value PLC, 6.375%, 12/15/24(5) | | EUR | 200 | | | 228,397 | | |
Hillman Group, Inc. (The), 6.375%, 7/15/22(3) | | | 139 | | | 130,356 | | |
________________________________________________________________________________________________________ |
| $ | 1,897,240 | | |
________________________________________________________________________________________________________ |
Insurance — 0.8% | |
________________________________________________________________________________________________________ |
Alliant Holdings Intermediate, LLC/Alliant Holdings Co-Issuer, 6.75%, 10/15/27(3) | | | 332 | | $ | 350,044 | | |
AmWINS Group, Inc., 7.75%, 7/1/26(3) | | | 93 | | | 101,789 | | |
Galaxy Finco, Ltd., 9.25%, 7/31/27(5) | | GBP | 825 | | | 1,128,087 | | |
GTCR AP Finance, Inc., 8.00%, 5/15/27(3) | | | 195 | | | 207,255 | | |
Hub International, Ltd., 7.00%, 5/1/26(3) | | | 394 | | | 406,795 | | |
USI, Inc., 6.875%, 5/1/25(3) | | | 169 | | | 173,649 | | |
________________________________________________________________________________________________________ |
| $ | 2,367,619 | | |
________________________________________________________________________________________________________ |
Machinery — 0.3% | |
________________________________________________________________________________________________________ |
Cloud Crane, LLC, 10.125%, 8/1/24(3) | | | 101 | | $ | 107,838 | | |
Colfax Corp., 6.00%, 2/15/24(3) | | | 83 | | | 87,557 | | |
Colfax Corp., 6.375%, 2/15/26(3) | | | 136 | | | 146,200 | | |
Granite Holdings US Acquisition Co., 11.00%, 10/1/27(3) | | | 93 | | | 97,683 | | |
Navistar International Corp., 6.625%, 11/1/25(3) | | | 430 | | | 451,859 | | |
________________________________________________________________________________________________________ |
| $ | 891,137 | | |
________________________________________________________________________________________________________ |
Media — 4.3% | |
________________________________________________________________________________________________________ |
Altice Financing S.A., 2.25%, 1/15/25(5) | | EUR | 313 | | $ | 341,082 | | |
Altice Finco S.A., 4.75%, 1/15/28(5) | | EUR | 1,500 | | | 1,683,911 | | |
Altice France S.A., 3.375%, 1/15/28(5) | | EUR | 439 | | | 495,505 | | |
Altice France S.A., 5.50%, 1/15/28(3) | | | 200 | | | 203,995 | | |
Altice France S.A., 7.375%, 5/1/26(3) | | | 455 | | | 484,871 | | |
Altice France S.A., 8.125%, 2/1/27(3) | | | 844 | | | 944,731 | | |
Altice Luxembourg S.A., 8.00%, 5/15/27(5) | | EUR | 505 | | | 634,279 | | |
Altice Luxembourg S.A., 10.50%, 5/15/27(3) | | | 200 | | | 231,630 | | |
AMC Entertainment Holdings, Inc., 6.375%, 11/15/24 | | GBP | 345 | | | 434,094 | | |
Cablevision Systems Corp., 5.875%, 9/15/22 | | | 50 | | | 53,839 | | |
CCO Holdings, LLC/CCO Holdings Capital Corp., 4.75%, 3/1/30(3) | | | 322 | | | 331,652 | | |
CCO Holdings, LLC/CCO Holdings Capital Corp., 5.375%, 6/1/29(3) | | | 110 | | | 117,772 | | |
CCO Holdings, LLC/CCO Holdings Capital Corp., 5.875%, 4/1/24(3) | | | 1,130 | | | 1,168,606 | | |
Clear Channel Worldwide Holdings, Inc., 5.125%, 8/15/27(3) | | | 230 | | | 237,325 | | |
Clear Channel Worldwide Holdings, Inc., 9.25%, 2/15/24(3) | | | 42 | | | 45,815 | | |
CSC Holdings, LLC, 5.75%, 1/15/30(3) | | | 519 | | | 558,584 | | |
CSC Holdings, LLC, 6.75%, 11/15/21 | | | 500 | | | 539,250 | | |
CSC Holdings, LLC, 7.50%, 4/1/28(3) | | | 200 | | | 228,005 | | |
CSC Holdings, LLC, 10.875%, 10/15/25(3) | | | 422 | | | 468,241 | | |
Diamond Sports Group, LLC/Diamond Sports Finance Co., 5.375%, 8/15/26(3) | | | 369 | | | 368,253 | | |
Diamond Sports Group, LLC/Diamond Sports Finance Co., 6.625%, 8/15/27(3) | | | 369 | | | 345,698 | | |
DISH DBS Corp., 7.75%, 7/1/26 | | | 119 | | | 125,170 | | |
iHeartCommunications, Inc., 6.375%, 5/1/26 | | | 16 | | | 17,718 | | |
iHeartCommunications, Inc., 8.375%, 5/1/27 | | | 140 | | | 151,966 | | |
LCPR Senior Secured Financing DAC, 6.75%, 10/15/27(3) | | | 200 | | | 211,878 | | |
Live Nation Entertainment, Inc., 4.75%, 10/15/27(3) | | | 185 | | | 190,670 | | |
MDC Partners, Inc., 6.50%, 5/1/24(3) | | | 139 | | | 126,143 | | |
Nexstar Broadcasting, Inc., 5.625%, 7/15/27(3) | | | 238 | | | 251,245 | | |
Scripps Escrow, Inc., 5.875%, 7/15/27(3) | | | 190 | | | 199,377 | | |
Sinclair Television Group, Inc., 5.50%, 3/1/30(3) | | | 188 | | | 192,578 | | |
Sirius XM Radio, Inc., 4.625%, 7/15/24(3) | | | 291 | | | 302,337 | | |
Sirius XM Radio, Inc., 5.00%, 8/1/27(3) | | | 218 | | | 229,303 | | |
Summer (BC) Holdco B S.a.r.l, 5.75%, 10/31/26(5) | | EUR | 520 | | | 603,569 | | |
TEGNA, Inc., 4.625%, 3/15/28(3) | | | 108 | | | 108,743 | | |
TEGNA, Inc., 5.00%, 9/15/29(3) | | | 181 | | | 183,489 | | |
Terrier Media Buyer, Inc., 8.875%, 12/15/27(3) | | | 434 | | | 448,105 | | |
________________________________________________________________________________________________________ |
| $ | 13,259,429 | | |
________________________________________________________________________________________________________ |
Metals & Mining — 1.8% | |
________________________________________________________________________________________________________ |
Alcoa Nederland Holding B.V., 6.125%, 5/15/28(3) | | | 200 | | $ | 211,120 | | |
Allegheny Ludlum, LLC, 6.95%, 12/15/25 | | | 1,050 | | | 1,117,321 | | |
Allegheny Technologies, Inc., 5.875%, 12/1/27 | | | 279 | | | 284,678 | | |
Allegheny Technologies, Inc., 7.875%, 8/15/23 | | | 330 | | | 362,104 | | |
Bombardier, Inc., 6.00%, 10/15/22(3) | | | 637 | | | 625,852 | | |
Bombardier, Inc., 6.125%, 1/15/23(3) | | | 168 | | | 166,155 | | |
Bombardier, Inc., 7.875%, 4/15/27(3) | | | 232 | | | 220,394 | | |
Centennial Resource Production, LLC, 5.375%, 1/15/26(3) | | | 320 | | | 301,711 | | |
Eldorado Gold Corp., 9.50%, 6/1/24(3) | | | 97 | | | 104,235 | | |
First Quantum Minerals, Ltd., 6.875%, 3/1/26(3) | | | 200 | | | 192,370 | | |
First Quantum Minerals, Ltd., 7.25%, 4/1/23(3) | | | 565 | | | 560,881 | | |
Freeport-McMoRan, Inc., 4.55%, 11/14/24 | | | 75 | | | 79,281 | | |
Freeport-McMoRan, Inc., 5.45%, 3/15/43 | | | 222 | | | 227,017 | | |
Hecla Mining Co., 6.875%, 5/1/21 | | | 178 | | | 178,044 | | |
Hudbay Minerals, Inc., 7.25%, 1/15/23(3) | | | 115 | | | 117,348 | | |
Infrabuild Australia Pty, Ltd., 12.00%, 10/1/24(3) | | | 332 | | | 337,672 | | |
New Gold, Inc., 6.375%, 5/15/25(3) | | | 39 | | | 36,774 | | |
Novelis Corp., 4.75%, 1/30/30(3) | | | 225 | | | 225,844 | | |
Novelis Corp., 5.875%, 9/30/26(3) | | | 180 | | | 191,218 | | |
________________________________________________________________________________________________________ |
| $ | 5,540,019 | | |
________________________________________________________________________________________________________ |
Multi-Utilities — 0.3% | |
________________________________________________________________________________________________________ |
Centerpoint Energy, Inc., Series A, 6.125% to 9/1/23(4)(6) | | | 425 | | $ | 452,920 | | |
Thames Water Kemble Finance PLC, 5.875%, 7/15/22(5) | | GBP | 375 | | | 517,931 | | |
________________________________________________________________________________________________________ |
| $ | 970,851 | | |
________________________________________________________________________________________________________ |
Oil, Gas & Consumable Fuels — 4.5% | |
________________________________________________________________________________________________________ |
AmeriGas Partners, L.P./AmeriGas Finance Corp., 5.50%, 5/20/25 | | | 105 | | $ | 112,611 | | |
AmeriGas Partners, L.P./AmeriGas Finance Corp., 5.625%, 5/20/24 | | | 24 | | | 25,565 | | |
Antero Resources Corp., 5.375%, 11/1/21 | | | 500 | | | 478,410 | | |
Archrock Partners, L.P./Archrock Partners Finance Corp., 6.25%, 4/1/28(3) | | | 90 | | | 92,813 | | |
Ascent Resources Utica Holdings, LLC/ARU Finance Corp., 7.00%, 11/1/26(3) | | | 342 | | | 243,794 | | |
Ascent Resources Utica Holdings, LLC/ARU Finance Corp., 10.00%, 4/1/22(3) | | | 505 | | | 496,159 | | |
Berry Petroleum Co., LLC, 7.00%, 2/15/26(3) | | | 115 | | | 106,990 | | |
Centennial Resource Production, LLC, 6.875%, 4/1/27(3) | | | 303 | | | 300,484 | | |
Cheniere Energy Partners, L.P., 5.25%, 10/1/25 | | | 235 | | | 242,635 | | |
Citgo Holding, Inc., 9.25%, 8/1/24(3) | | | 179 | | | 191,978 | | |
Crown Americas, LLC/Crown Americas Capital Corp. V, 4.25%, 9/30/26 | | | 110 | | | 114,988 | | |
Crown Americas, LLC/Crown Americas Capital Corp. VI, 4.75%, 2/1/26 | | | 120 | | | 124,992 | | |
CrownRock, L.P./CrownRock Finance, Inc., 5.625%, 10/15/25(3) | | | 635 | | | 642,214 | | |
CVR Energy, Inc., 5.75%, 2/15/28(3) | | | 229 | | | 224,763 | | |
DCP Midstream, L.P., Series A, 7.375% to 12/15/22(4)(6) | | | 160 | | | 151,479 | | |
Endeavor Energy Resources, L.P./EER Finance, Inc., 5.50%, 1/30/26(3) | | | 155 | | | 159,429 | | |
Endeavor Energy Resources, L.P./EER Finance, Inc., 5.75%, 1/30/28(3) | | | 205 | | | 213,579 | | |
EnLink Midstream Partners, L.P., Series C, 6.00% to 12/15/22(4)(6) | | | 424 | | | 297,196 | | |
EP Energy, LLC/Everest Acquisition Finance, Inc., 7.75%, 5/15/26(3)(10) | | | 149 | | | 100,254 | | |
EQT Corp., 6.125%, 2/1/25 | | | 46 | | | 41,871 | | |
Extraction Oil & Gas, Inc., 5.625%, 2/1/26(3) | | | 287 | | | 141,447 | | |
Extraction Oil & Gas, Inc., 7.375%, 5/15/24(3) | | | 223 | | | 111,035 | | |
Gran Tierra Energy, Inc., 7.75%, 5/23/27(3) | | | 250 | | | 243,538 | | |
Great Western Petroleum, LLC/Great Western Finance Corp., 9.00%, 9/30/21(3) | | | 738 | | | 699,550 | | |
Hilcorp Energy I, L.P./Hilcorp Finance Co., 5.75%, 10/1/25(3) | | | 22 | | | 19,956 | | |
Hilcorp Energy I, L.P./Hilcorp Finance Co., 6.25%, 11/1/28(3) | | | 423 | | | 377,674 | | |
Jagged Peak Energy, LLC, 5.875%, 5/1/26 | | | 86 | | | 88,784 | | |
Laredo Petroleum, Inc., 9.50%, 1/15/25 | | | 74 | | | 67,433 | | |
Laredo Petroleum, Inc., 10.125%, 1/15/28 | | | 112 | | | 100,223 | | |
Matador Resources Co., 5.875%, 9/15/26 | | | 370 | | | 363,090 | | |
MEG Energy Corp., 7.125%, 2/1/27(3) | | | 246 | | | 244,231 | | |
Moss Creek Resources Holdings, Inc., 7.50%, 1/15/26(3) | | | 275 | | | 202,564 | | |
Murphy Oil USA, Inc., 4.75%, 9/15/29 | | | 131 | | | 137,137 | | |
Murphy Oil USA, Inc., 5.625%, 5/1/27 | | | 65 | | | 70,060 | | |
Nabors Industries, Ltd., 7.25%, 1/15/26(3) | | | 110 | | | 110,413 | | |
Nabors Industries, Ltd., 7.50%, 1/15/28(3) | | | 118 | | | 117,115 | | |
Neptune Energy Bondco PLC, 6.625%, 5/15/25(5) | | | 1,225 | | | 1,209,675 | | |
Newfield Exploration Co., 5.625%, 7/1/24 | | | 65 | | | 71,853 | | |
Nine Energy Service, Inc., 8.75%, 11/1/23(3) | | | 110 | | | 93,583 | | |
Odebrecht Oil & Gas Finance, Ltd., 0.0%(3)(6) | | | 862 | | | 8,619 | | |
Parsley Energy, LLC/Parsley Finance Corp., 5.25%, 8/15/25(3) | | | 75 | | | 77,094 | | |
Parsley Energy, LLC/Parsley Finance Corp., 5.375%, 1/15/25(3) | | | 140 | | | 144,390 | | |
Parsley Energy, LLC/Parsley Finance Corp., 5.625%, 10/15/27(3) | | | 137 | | | 145,405 | | |
Parsley Energy, LLC/Parsley Finance Corp., 6.25%, 6/1/24(3) | | | 150 | | | 155,687 | | |
PBF Holding Co., LLC/PBF Finance Corp., 6.00%, 2/15/28(3) | | | 325 | | | 333,157 | | |
PBF Holding Co., LLC/PBF Finance Corp., 7.00%, 11/15/23 | | | 100 | | | 103,349 | | |
PBF Holding Co., LLC/PBF Finance Corp., 7.25%, 6/15/25 | | | 588 | | | 625,729 | | |
Plains All American Pipeline, L.P., Series B, 6.125% to 11/15/22(4)(6) | | | 710 | | | 658,912 | | |
Precision Drilling Corp., 6.50%, 12/15/21 | | | 5 | | | 4,564 | | |
Precision Drilling Corp., 7.125%, 1/15/26(3) | | | 75 | | | 71,464 | | |
Precision Drilling Corp., 7.75%, 12/15/23 | | | 10 | | | 9,871 | | |
Seven Generations Energy, Ltd., 5.375%, 9/30/25(3) | | | 255 | | | 256,272 | | |
Shelf Drilling Holdings, Ltd., 8.25%, 2/15/25(3) | | | 440 | | | 410,296 | | |
SM Energy Co., 5.00%, 1/15/24 | | | 11 | | | 10,070 | | |
SM Energy Co., 5.625%, 6/1/25 | | | 181 | | | 164,333 | | |
SM Energy Co., 6.125%, 11/15/22 | | | 326 | | | 323,657 | | |
SM Energy Co., 6.625%, 1/15/27 | | | 174 | | | 157,874 | | |
SM Energy Co., 6.75%, 9/15/26 | | | 196 | | | 178,537 | | |
Sunoco, L.P./Sunoco Finance Corp., 4.875%, 1/15/23 | | | 145 | | | 149,229 | | |
Targa Resources Partners, L.P./Targa Resources Partners Finance Corp., 5.875%, 4/15/26 | | | 155 | | | 163,815 | | |
Teleflex, Inc., 4.625%, 11/15/27 | | | 160 | | | 168,696 | | |
Transocean Guardian, Ltd., 5.875%, 1/15/24(3) | | | 146 | | | 149,596 | | |
Transocean Pontus, Ltd., 6.125%, 8/1/25(3) | | | 107 | | | 110,270 | | |
Transocean Poseidon, Ltd., 6.875%, 2/1/27(3) | | | 51 | | | 53,413 | | |
Transocean, Inc., 7.25%, 11/1/25(3) | | | 228 | | | 215,458 | | |
Transocean, Inc., 7.50%, 1/15/26(3) | | | 84 | | | 79,365 | | |
WPX Energy, Inc., 5.25%, 10/15/27 | | | 67 | | | 70,139 | | |
________________________________________________________________________________________________________ |
| $ | 13,830,826 | | |
________________________________________________________________________________________________________ |
Pharmaceuticals — 1.4% | |
________________________________________________________________________________________________________ |
Bausch Health Americas, Inc., 8.50%, 1/31/27(3) | | | 448 | | $ | 507,629 | | |
Bausch Health Americas, Inc., 9.25%, 4/1/26(3) | | | 105 | | | 120,026 | | |
Bausch Health Cos, Inc., 5.00%, 1/30/28(3) | | | 190 | | | 192,850 | | |
Bausch Health Cos, Inc., 5.25%, 1/30/30(3) | | | 190 | | | 194,037 | | |
Bausch Health Cos, Inc., 5.50%, 3/1/23(3) | | | 47 | | | 47,255 | | |
Bausch Health Cos, Inc., 5.50%, 11/1/25(3) | | | 129 | | | 133,891 | | |
Bausch Health Cos, Inc., 5.75%, 8/15/27(3) | | | 72 | | | 77,166 | | |
Bausch Health Cos, Inc., 5.875%, 5/15/23(3) | | | 3 | | | 3,028 | | |
Bausch Health Cos, Inc., 6.125%, 4/15/25(3) | | | 60 | | | 61,842 | | |
Bausch Health Cos, Inc., 7.00%, 3/15/24(3) | | | 281 | | | 291,899 | | |
Bausch Health Cos, Inc., 7.00%, 1/15/28(3) | | | 94 | | | 101,989 | | |
Bausch Health Cos, Inc., 7.25%, 5/30/29(3) | | | 98 | | | 110,003 | | |
Bausch Health Cos, Inc., 9.00%, 12/15/25(3) | | | 245 | | | 277,156 | | |
Catalent Pharma Solutions, Inc., 4.875%, 1/15/26(3) | | | 270 | | | 278,194 | | |
Cheplapharm Arzneimittel GmbH, 3.50%, 2/11/27(5)(9) | | EUR | 340 | | | 384,948 | | |
Grifols S.A., 2.25%, 11/15/27(5) | | EUR | 900 | | | 1,023,098 | | |
Nidda Healthcare Holding GmbH, 3.50%, 9/30/24(5) | | EUR | 426 | | | 478,564 | | |
________________________________________________________________________________________________________ |
| $ | 4,283,575 | | |
________________________________________________________________________________________________________ |
Pipelines — 0.9% | |
________________________________________________________________________________________________________ |
Antero Midstream Partners, L.P./Antero Midstream Finance Corp., 5.75%, 3/1/27(3) | | | 242 | | $ | 189,359 | | |
Cheniere Corpus Christi Holdings, LLC, 5.875%, 3/31/25 | | | 171 | | | 194,578 | | |
Cheniere Corpus Christi Holdings, LLC, 7.00%, 6/30/24 | | | 122 | | | 141,532 | | |
Cheniere Energy Partners, L.P., 4.50%, 10/1/29(3) | | | 392 | | | 399,585 | | |
Cheniere Energy Partners, L.P., 5.625%, 10/1/26 | | | 215 | | | 225,616 | | |
Crestwood Midstream Partners L.P./Crestwood Midstream Finance Corp., 5.625%, 5/1/27(3) | | | 190 | | | 191,677 | | |
Energy Transfer Operating, L.P., 5.875%, 1/15/24 | | | 15 | | | 16,751 | | |
Energy Transfer Operating, L.P., Series A, 6.25% to 2/15/23(4)(6) | | | 307 | | | 292,186 | | |
EnLink Midstream, LLC, 5.375%, 6/1/29 | | | 166 | | | 150,616 | | |
Five Point Operating Co., L.P./Five Point Capital Corp., 7.875%, 11/15/25(3) | | | 123 | | | 127,611 | | |
Holly Energy Partners, L.P./Holly Energy Finance Corp., 6.00%, 8/1/24(3) | | | 60 | | | 62,861 | | |
MPLX, L.P., 6.375%, 5/1/24(3) | | | 105 | | | 109,293 | | |
NGPL PipeCo, LLC, 4.375%, 8/15/22(3) | | | 50 | | | 52,121 | | |
Tallgrass Energy Partners, L.P./Tallgrass Energy Finance Corp., 5.50%, 1/15/28(3) | | | 91 | | | 91,211 | | |
Targa Resources Partners, L.P./Targa Resources Partners Finance Corp., 6.50%, 7/15/27 | | | 102 | | | 111,435 | | |
Targa Resources Partners, L.P./Targa Resources Partners Finance Corp., 6.875%, 1/15/29 | | | 203 | | | 224,188 | | |
Williams Cos., Inc. (The), 5.75%, 6/24/44 | | | 85 | | | 101,528 | | |
________________________________________________________________________________________________________ |
| $ | 2,682,148 | | |
________________________________________________________________________________________________________ |
Real Estate Investment Trusts (REITs) — 0.8% | |
________________________________________________________________________________________________________ |
Brookfield Property REIT, Inc./BPR Cumulus, LLC/BPR Nimbus, LLC/GGSI Sellco, LLC, 5.75%, 5/15/26(3) | | | 287 | | $ | 300,002 | | |
Consus Real Estate AG, 9.625%, 5/15/24(5) | | EUR | 330 | | | 410,380 | | |
ESH Hospitality, Inc., 4.625%, 10/1/27(3) | | | 225 | | | 226,541 | | |
ESH Hospitality, Inc., 5.25%, 5/1/25(3) | | | 160 | | | 164,334 | | |
Greystar Real Estate Partners, LLC, 5.75%, 12/1/25(3) | | | 274 | | | 283,963 | | |
RHP Hotel Properties, L.P./RHP Finance Corp., 5.00%, 4/15/23 | | | 67 | | | 68,368 | | |
VICI Properties, L.P./VICI Note Co., Inc., 3.75%, 2/15/27(3)(9) | | | 198 | | | 199,361 | | |
VICI Properties, L.P./VICI Note Co., Inc., 4.125%, 8/15/30(3)(9) | | | 198 | | | 201,341 | | |
VICI Properties, L.P./VICI Note Co., Inc., 4.25%, 12/1/26(3) | | | 300 | | | 308,450 | | |
VICI Properties, L.P./VICI Note Co., Inc., 4.625%, 12/1/29(3) | | | 300 | | | 314,055 | | |
________________________________________________________________________________________________________ |
| $ | 2,476,795 | | |
________________________________________________________________________________________________________ |
Real Estate Management & Development — 0.4% | |
________________________________________________________________________________________________________ |
AT Securities B.V., 5.25% to 7/21/23(4)(5)(6) | | | 1,250 | | $ | 1,310,969 | | |
________________________________________________________________________________________________________ |
| $ | 1,310,969 | | |
________________________________________________________________________________________________________ |
Software — 0.2% | |
________________________________________________________________________________________________________ |
CDK Global, Inc., 5.25%, 5/15/29(3) | | | 96 | | $ | 102,840 | | |
j2 Cloud Services, LLC/j2 Global Co-Obligor, Inc., 6.00%, 7/15/25(3) | | | 255 | | | 269,557 | | |
PTC, Inc., 3.625%, 2/15/25(3)(9) | | | 89 | | | 89,890 | | |
PTC, Inc., 4.00%, 2/15/28(3)(9) | | | 89 | | | 90,112 | | |
SS&C Technologies, Inc., 5.50%, 9/30/27(3) | | | 95 | | | 100,669 | | |
________________________________________________________________________________________________________ |
| $ | 653,068 | | |
________________________________________________________________________________________________________ |
Specialty Retail — 0.0%(1) | |
________________________________________________________________________________________________________ |
Entegris, Inc., 4.625%, 2/10/26(3) | | | 77 | | $ | 79,645 | | |
________________________________________________________________________________________________________ |
| $ | 79,645 | | |
________________________________________________________________________________________________________ |
Technology Hardware, Storage & Peripherals — 0.2% | |
________________________________________________________________________________________________________ |
Dell International, LLC/EMC Corp., 5.45%, 6/15/23(3) | | | 135 | | $ | 147,974 | | |
Dell International, LLC/EMC Corp., 6.02%, 6/15/26(3) | | | 315 | | | 368,204 | | |
MTS Systems Corp., 5.75%, 8/15/27(3) | | | 77 | | | 81,069 | | |
Presidio Holdings, Inc., 4.875%, 2/1/27(3) | | | 63 | | | 63,109 | | |
Presidio Holdings, Inc., 8.25%, 2/1/28(3) | | | 86 | | | 88,580 | | |
________________________________________________________________________________________________________ |
| $ | 748,936 | | |
________________________________________________________________________________________________________ |
Telecommunications — 1.8% | |
________________________________________________________________________________________________________ |
CommScope, Inc., 8.25%, 3/1/27(3) | | | 289 | | $ | 297,482 | | |
Connect Finco S.a.r.l/Connect US Finco, LLC, 6.75%, 10/1/26(3) | | | 447 | | | 473,820 | | |
Hughes Satellite Systems Corp., 5.25%, 8/1/26 | | | 145 | | | 157,723 | | |
Hughes Satellite Systems Corp., 6.625%, 8/1/26 | | | 95 | | | 105,008 | | |
Intelsat Jackson Holdings S.A., 5.50%, 8/1/23 | | | 30 | | | 24,588 | | |
Intelsat Jackson Holdings S.A., 8.00%, 2/15/24(3) | | | 200 | | | 205,083 | | |
Intelsat Jackson Holdings S.A., 8.50%, 10/15/24(3) | | | 216 | | | 182,970 | | |
Sprint Capital Corp., 6.875%, 11/15/28 | | | 556 | | | 566,759 | | |
Sprint Corp., 7.875%, 9/15/23 | | | 1,558 | | | 1,658,452 | | |
T-Mobile USA, Inc., 4.50%, 2/1/26 | | | 155 | | | 159,693 | | |
T-Mobile USA, Inc., 4.75%, 2/1/28 | | | 170 | | | 181,152 | | |
Telecom Italia SpA, 3.00%, 9/30/25(5) | | EUR | 520 | | | 622,464 | | |
Telecom Italia SpA, 5.303%, 5/30/24(3) | | | 337 | | | 368,169 | | |
ViaSat, Inc., 5.625%, 4/15/27(3) | | | 143 | | | 150,043 | | |
Ypso Finance Bis S.A., 4.00%, 2/15/28(5)(9) | | EUR | 298 | | | 327,438 | | |
Ypso Finance Bis S.A., 6.00%, 2/15/28(3)(9) | | | 200 | | | 198,634 | | |
________________________________________________________________________________________________________ |
| $ | 5,679,478 | | |
________________________________________________________________________________________________________ |
Toys, Games & Hobbies — 0.0%(1) | |
________________________________________________________________________________________________________ |
Mattel, Inc., 6.75%, 12/31/25(3) | | | 127 | | $ | 136,472 | | |
________________________________________________________________________________________________________ |
| $ | 136,472 | | |
________________________________________________________________________________________________________ |
Transportation — 0.3% | |
________________________________________________________________________________________________________ |
Cargo Aircraft Management, Inc., 4.75%, 2/1/28(3) | | | 127 | | $ | 129,227 | | |
CMA CGM S.A., 5.25%, 1/15/25(5) | | EUR | 127 | | | 111,095 | | |
Watco Cos., LLC/Watco Finance Corp., 6.375%, 4/1/23(3) | | | 260 | | | 263,683 | | |
XPO Logistics, Inc., 6.125%, 9/1/23(3) | | | 80 | | | 82,867 | | |
XPO Logistics, Inc., 6.50%, 6/15/22(3) | | | 375 | | | 382,230 | | |
________________________________________________________________________________________________________ |
| $ | 969,102 | | |
________________________________________________________________________________________________________ |
Water Utilities — 0.2% | |
________________________________________________________________________________________________________ |
Anglian Water Osprey Financing PLC, 4.00%, 3/8/26(5) | | GBP | 475 | | $ | 631,158 | | |
________________________________________________________________________________________________________ |
| $ | 631,158 | | |
________________________________________________________________________________________________________ |
Wireless Telecommunication Services — 0.1% | |
________________________________________________________________________________________________________ |
Sprint Corp., 7.625%, 3/1/26 | | | 157 | | $ | 164,143 | | |
________________________________________________________________________________________________________ |
| $ | 164,143 | | |
________________________________________________________________________________________________________ |
Total Corporate Bonds & Notes
(identified cost $113,424,941) | $ | 116,111,884 | | |
________________________________________________________________________________________________________ |
Senior Floating-Rate Loans — 1.9%(11) | |
Borrower/Tranche Description | | Principal
Amount
(000's omitted) | | Value | | |
________________________________________________________________________________________________________ |
Aerospace and Defense — 0.0%(1) | |
________________________________________________________________________________________________________ |
TransDigm, Inc., Term Loan, 4.15%, (1 mo. USD LIBOR + 2.50%), Maturing 5/30/25 | $ | 131 | | $ | 130,792 | | |
________________________________________________________________________________________________________ |
| $ | 130,792 | | |
________________________________________________________________________________________________________ |
Business Equipment and Services — 0.1% | |
________________________________________________________________________________________________________ |
EIG Investors Corp., Term Loan, 5.67%, (2 mo. USD LIBOR + 3.75%), Maturing 2/9/23 | $ | 405 | | $ | 404,003 | | |
________________________________________________________________________________________________________ |
| $ | 404,003 | | |
________________________________________________________________________________________________________ |
Cable and Satellite Television — 0.0%(1) | |
________________________________________________________________________________________________________ |
CSC Holdings, LLC, Term Loan, 4.18%, (1 mo. USD LIBOR + 2.50%), Maturing 4/15/27 | $ | 152 | | $ | 152,568 | | |
________________________________________________________________________________________________________ |
| $ | 152,568 | | |
________________________________________________________________________________________________________ |
Electronics/Electrical — 0.2% | |
________________________________________________________________________________________________________ |
Cortes NP Acquisition Corporation, Term Loan, 5.65%, (1 mo. USD LIBOR + 4.00%), Maturing 11/30/23 | $ | 314 | | $ | 314,336 | | |
SS&C Technologies Holdings Europe S.a.r.l, Term Loan, 3.40%, (1 mo. USD LIBOR + 1.75%), Maturing 4/16/25 | | 49 | | | 49,529 | | |
SS&C Technologies, Inc., Term Loan, 3.40%, (1 mo. USD LIBOR + 1.75%), Maturing 4/16/25 | | 68 | | | 68,569 | | |
SS&C Technologies, Inc., Term Loan, 3.40%, (1 mo. USD LIBOR + 1.75%), Maturing 4/16/25 | | 290 | | | 290,606 | | |
________________________________________________________________________________________________________ |
| $ | 723,040 | | |
________________________________________________________________________________________________________ |
Farming/Agriculture — 0.0%(1) | |
________________________________________________________________________________________________________ |
BellRing Brands, LLC, Term Loan, Maturing 10/21/24(12) | $ | 100 | | $ | 102,232 | | |
________________________________________________________________________________________________________ |
| $ | 102,232 | | |
________________________________________________________________________________________________________ |
Financial Intermediaries — 0.1% | |
________________________________________________________________________________________________________ |
Spectacle Gary Holdings, LLC, Term Loan, 11.00%, (1 mo. USD LIBOR + 9.00%, Floor 2.00%), Maturing 12/23/25 | $ | 162 | | $ | 170,355 | | |
Spectacle Gary Holdings, LLC, Term Loan, 0.50%, Maturing 12/23/25(13) | | 12 | | | 12,345 | | |
________________________________________________________________________________________________________ |
| $ | 182,700 | | |
________________________________________________________________________________________________________ |
Food Products — 0.1% | |
________________________________________________________________________________________________________ |
HLF Financing S.a.r.l, Term Loan, 4.40%, (1 mo. USD LIBOR + 2.75%), Maturing 8/18/25 | $ | 291 | | $ | 293,861 | | |
________________________________________________________________________________________________________ |
| $ | 293,861 | | |
________________________________________________________________________________________________________ |
Health Care — 0.2% | |
________________________________________________________________________________________________________ |
Envision Healthcare Corporation, Term Loan, 5.40%, (1 mo. USD LIBOR + 3.75%), Maturing 10/10/25 | $ | 245 | | $ | 207,007 | | |
National Mentor Holdings, Inc., Term Loan, 5.65%, (1 mo. USD LIBOR + 4.00%), Maturing 3/9/26 | | 308 | | | 310,493 | | |
National Mentor Holdings, Inc., Term Loan, 5.65%, (1 mo. USD LIBOR + 4.00%), Maturing 3/9/26 | | 17 | | | 17,274 | | |
________________________________________________________________________________________________________ |
| $ | 534,774 | | |
________________________________________________________________________________________________________ |
Home Furnishings — 0.0%(1) | |
________________________________________________________________________________________________________ |
Hillman Group, Inc. (The), Term Loan, 5.65%, (1 mo. USD LIBOR + 4.00%), Maturing 5/31/25 | $ | 115 | | $ | 113,540 | | |
________________________________________________________________________________________________________ |
| $ | 113,540 | | |
________________________________________________________________________________________________________ |
Insurance — 0.4% | |
________________________________________________________________________________________________________ |
Asurion, LLC, Term Loan - Second Lien, 8.15%, (1 mo. USD LIBOR + 6.50%), Maturing 8/4/25 | $ | 1,221 | | $ | 1,239,157 | | |
________________________________________________________________________________________________________ |
| $ | 1,239,157 | | |
________________________________________________________________________________________________________ |
Leisure Goods/Activities/Movies — 0.2% | |
________________________________________________________________________________________________________ |
Playtika Holding Corp., Term Loan, 7.65%, (1 mo. USD LIBOR + 6.00%), Maturing 12/10/24 | $ | 580 | | $ | 586,344 | | |
________________________________________________________________________________________________________ |
| $ | 586,344 | | |
________________________________________________________________________________________________________ |
Lodging and Casinos — 0.1% | |
________________________________________________________________________________________________________ |
Stars Group Holdings B.V. (The), Term Loan, 5.44%, (3 mo. USD LIBOR + 3.50%), Maturing 7/10/25 | $ | 182 | | $ | 183,819 | | |
________________________________________________________________________________________________________ |
| $ | 183,819 | | |
________________________________________________________________________________________________________ |
Oil and Gas — 0.1% | |
________________________________________________________________________________________________________ |
Chesapeake Energy Corporation, Term Loan, 9.93%, (3 mo. USD LIBOR + 8.00%), Maturing 6/24/24 | $ | 336 | | $ | 336,420 | | |
________________________________________________________________________________________________________ |
| $ | 336,420 | | |
________________________________________________________________________________________________________ |
Radio and Television — 0.1% | |
________________________________________________________________________________________________________ |
iHeartCommunications, Inc., Term Loan, 5.78%, (1 mo. USD LIBOR + 4.00%), Maturing 5/1/26 | | 69 | | | 69,613 | | |
iHeartCommunications, Inc., Term Loan, Maturing 5/1/26(12) | $ | 139 | | $ | 139,243 | | |
________________________________________________________________________________________________________ |
| $ | 208,856 | | |
________________________________________________________________________________________________________ |
Retailers (Except Food and Drug) — 0.1% | |
________________________________________________________________________________________________________ |
PetSmart, Inc., Term Loan, Maturing 3/11/22(12) | $ | 187 | | $ | 186,864 | | |
________________________________________________________________________________________________________ |
| $ | 186,864 | | |
________________________________________________________________________________________________________ |
Steel — 0.2% | |
________________________________________________________________________________________________________ |
Big River Steel, LLC, Term Loan, 6.94%, (3 mo. USD LIBOR + 5.00%), Maturing 8/23/23 | $ | 171 | | $ | 172,239 | | |
GrafTech Finance, Inc., Term Loan, 5.15%, (1 mo. USD LIBOR + 3.50%), Maturing 2/12/25 | | 323 | | | 322,249 | | |
________________________________________________________________________________________________________ |
| $ | 494,488 | | |
________________________________________________________________________________________________________ |
Telecommunications — 0.0%(1) | |
________________________________________________________________________________________________________ |
Intelsat Jackson Holdings S.A., Term Loan, 6.63%, Maturing 1/2/24(14) | $ | 110 | | $ | 111,581 | | |
________________________________________________________________________________________________________ |
| $ | 111,581 | | |
________________________________________________________________________________________________________ |
Total Senior Floating-Rate Loans
(identified cost $5,930,997) | $ | 5,985,039 | | |
________________________________________________________________________________________________________ |
Exchange-Traded Funds — 0.4% | |
Security | | | | Shares | | Value | | |
________________________________________________________________________________________________________ |
Equity Funds — 0.4% | |
________________________________________________________________________________________________________ |
First Trust Preferred Securities and Income ETF | 59,885 | | $ | 1,211,474 | | |
________________________________________________________________________________________________________ |
Total Exchange-Traded Funds
(identified cost $1,150,448) | $ | 1,211,474 | | |
________________________________________________________________________________________________________ |
Warrants — 0.0%(1) | |
Security | | Shares | | | Value | | |
________________________________________________________________________________________________________ |
Media — 0.0%(1) | |
________________________________________________________________________________________________________ |
iHeartMedia, Inc., Exp. 5/1/39(2) | 3,627 | | $ | 64,125 | | |
________________________________________________________________________________________________________ |
Total Warrants
(identified cost $60,109) | $ | 64,125 | | |
________________________________________________________________________________________________________ |
Short-Term Investments — 0.8% | |
Description | | Units | | Value | | |
________________________________________________________________________________________________________ |
Eaton Vance Cash Reserves Fund, LLC, 1.74%(15) | | 2,322,966 | | $ | 2,323,199 | | |
________________________________________________________________________________________________________ |
Total Short-Term Investments
(identified cost $2,323,145) | $ | 2,323,199 | | |
________________________________________________________________________________________________________ |
Total Investments — 99.0%
(identified cost $272,607,458) | $ | 306,046,327 | | |
________________________________________________________________________________________________________ |
Less Unfunded Loan Commitments — (0.0)%(1) | | $ | (11,757) | |
________________________________________________________________________________________________________ |
Net Investments — 99.0% | |
(identified cost $272,595,701) | | $ | 306,034,570 | |
________________________________________________________________________________________________________ |
Other Assets, Less Liabilities — 1.0% | | $ | 3,151,292 | | |
________________________________________________________________________________________________________ |
Net Assets — 100.0% | | $ | 309,185,862 | | |
________________________________________________________________________________________________________ |
| |
The percentage shown for each investment category in the Portfolio of Investments is based on net assets. | |
| |
* | In U.S. dollars unless otherwise indicated. | |
(1) | Amount is less than 0.05% or (0.05)%, as applicable. | |
(2) | Non-income producing security. | |
(3) | Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At January 31, 2020, the aggregate value of these securities is $59,931,553 or 19.4% of the Portfolio's net assets. | |
(4) | Security converts to variable rate after the indicated fixed-rate coupon period. | |
(5) | Security exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. At January 31, 2020, the aggregate value of these securities is $26,426,166 or 8.5% of the Portfolio's net assets. | |
(6) | Perpetual security with no stated maturity date but may be subject to calls by the issuer. | |
(7) | Represents a payment-in-kind security which may pay interest in additional principal at the issuer's discretion. | |
(8) | Variable rate security. The stated interest rate represents the rate in effect at January 31, 2020. | |
(9) | When-issued security. | |
(10) | Issuer is in default with respect to interest and/or principal payments. | |
(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. | |
(12) | This Senior Loan will settle after January 31, 2020, at which time the interest rate will be determined. | |
(13) | Unfunded loan commitment. The stated interest rate represents the commitment fee in effect at January 31, 2020. At January 31, 2020, the total value of unfunded loan commitments is $12,345. | |
(14) | Fixed-rate loan. | |
(15) | Affiliated investment company, available to Eaton Vance portfolios and funds, which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of January 31, 2020. | |
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