UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-02737
Fidelity Summer Street Trust
(Exact name of registrant as specified in charter)
245 Summer St., Boston, MA 02210
(Address of principal executive offices) (Zip code)
Margaret Carey, Secretary
245 Summer St.
Boston, Massachusetts 02210
(Name and address of agent for service)
Registrant's telephone number, including area code:
617-563-7000
Date of fiscal year end: | September 30 |
Date of reporting period: | March 31, 2024 |
Item 1.
Reports to Stockholders
Contents
Top Bond Issuers (% of Fund's net assets) | ||
(with maturities greater than one year) | ||
Great Outdoors Group LLC | 2.4 | |
Asurion LLC | 2.0 | |
Caesars Entertainment, Inc. | 1.3 | |
Acrisure LLC | 1.2 | |
Fertitta Entertainment LLC NV | 1.1 | |
Polaris Newco LLC | 1.0 | |
UKG, Inc. | 1.0 | |
MH Sub I LLC | 0.9 | |
ABG Intermediate Holdings 2 LLC | 0.9 | |
Cloud Software Group, Inc. | 0.8 | |
12.6 | ||
Market Sectors (% of Fund's net assets) | ||
Technology | 15.5 | |
Services | 11.2 | |
Insurance | 6.0 | |
Healthcare | 5.2 | |
Gaming | 4.9 | |
Quality Diversification (% of Fund's net assets) |
We have used ratings from Moody's Investors Service, Inc. Where Moody's® ratings are not available, we have used S&P® ratings. All ratings are as of the date indicated and do not reflect subsequent changes. |
Asset Allocation (% of Fund's net assets) |
Bank Loan Obligations - 88.1% | |||
Principal Amount (a) | Value ($) | ||
Aerospace - 0.9% | |||
ADS Tactical, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.750% 11.1946% 3/19/26 (b)(c)(d) | 301,061 | 301,564 | |
Gemini HDPE LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.000% 8.5743% 12/31/27 (b)(c)(d) | 264,307 | 263,514 | |
KBR, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.250% 7.5802% 1/21/31 (b)(c)(d) | 110,000 | 110,138 | |
Ovation Parent, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 3/26/31 (c)(d)(e) | 240,000 | 240,151 | |
TransDigm, Inc.: | |||
1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.5981% 8/24/28 (b)(c)(d) | 1,042,304 | 1,045,567 | |
Tranche K 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.0594% 3/15/30 (b)(c)(d) | 197,744 | 198,074 | |
TOTAL AEROSPACE | 2,159,008 | ||
Air Transportation - 1.4% | |||
AAdvantage Loyalty IP Ltd. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.750% 10.3294% 4/20/28 (b)(c)(d) | 436,503 | 452,811 | |
Air Canada Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.833% 3/14/31 (b)(c)(d) | 205,000 | 205,129 | |
Echo Global Logistics, Inc. 1LN, term loan: | |||
CME Term SOFR 1 Month Index + 3.500% 8.9302% 11/23/28 (b)(c)(d) | 551,567 | 542,803 | |
CME Term SOFR 3 Month Index + 4.750% 10.1802% 11/23/28 (b)(c)(d)(f) | 339,825 | 339,825 | |
Mileage Plus Holdings LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 5.250% 10.7325% 7/2/27 (b)(c)(d) | 604,500 | 621,740 | |
Rand Parent LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.5594% 3/17/30 (b)(c)(d) | 293,433 | 293,618 | |
SkyMiles IP Ltd. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.750% 9.0678% 10/20/27 (b)(c)(d) | 322,500 | 332,310 | |
United Airlines, Inc. Tranche 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.0757% 2/24/31 (b)(c)(d) | 530,000 | 529,915 | |
TOTAL AIR TRANSPORTATION | 3,318,151 | ||
Automotive & Auto Parts - 1.3% | |||
American Trailer World Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1763% 3/5/28 (b)(c)(d) | 389,312 | 379,354 | |
Belron Finance U.S. LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.250% 7.664% 4/13/29 (b)(c)(d) | 94,525 | 94,525 | |
Clarios Global LP Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.3302% 5/6/30 (b)(c)(d) | 498,750 | 499,528 | |
CWGS Group LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.9431% 6/3/28 (b)(c)(d) | 709,717 | 690,647 | |
Ls Group Opco Acquistion LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6843% 11/2/27 (b)(c)(d) | 428,069 | 427,937 | |
PECF USS Intermediate Holding III Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.8243% 12/17/28 (b)(c)(d) | 415,438 | 315,059 | |
RVR Dealership Holdings LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.000% 9.1787% 2/8/28 (b)(c)(d) | 382,065 | 357,039 | |
Wand NewCo 3, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.0763% 1/20/31 (b)(c)(d) | 410,000 | 410,959 | |
TOTAL AUTOMOTIVE & AUTO PARTS | 3,175,048 | ||
Banks & Thrifts - 1.0% | |||
Citadel Securities LP Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.250% 7.5773% 7/29/30 (b)(c)(d) | 995,130 | 993,826 | |
CQP Holdco LP Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.000% 8.3019% 12/31/30 (b)(c)(d) | 1,095,116 | 1,098,248 | |
Deerfield Dakota Holding LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.750% 9.0594% 4/9/27 (b)(c)(d) | 0 | 0 | |
Novae LLC 1LN, term loan CME Term SOFR 3 Month Index + 5.000% 10.4785% 12/22/28 (b)(c)(d) | 245,000 | 242,959 | |
Superannuation & Investments U.S. LLC 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1946% 12/1/28 (b)(c)(d) | 180,838 | 180,747 | |
Walker & Dunlop, Inc. Tranche B2 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4302% 12/16/28 (b)(c)(d)(f) | 29,700 | 29,626 | |
TOTAL BANKS & THRIFTS | 2,545,406 | ||
Broadcasting - 1.6% | |||
AppLovin Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.8302% 8/19/30 (b)(c)(d) | 800,504 | 799,504 | |
Diamond Sports Group LLC: | |||
1LN, term loan CME Term SOFR 1 Month Index + 8.000% 15.4256% 8/24/26 (b)(c)(d) | 108,555 | 103,398 | |
2LN, term loan CME Term SOFR 1 Month Index + 3.250% 10.6625% (b)(c)(d)(g) | 1,664,487 | 44,741 | |
term loan 10% 8/2/27 (d) | 109,105 | 177,705 | |
Dotdash Meredith, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.4256% 12/1/28 (b)(c)(d) | 829,337 | 820,695 | |
Nexstar Media, Inc. Tranche B, term loan CME Term SOFR 1 Month Index + 2.500% 7.9446% 9/19/26 (b)(c)(d) | 443,112 | 442,988 | |
Sinclair Television Group, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.9446% 9/30/26 (b)(c)(d) | 458,284 | 434,339 | |
Univision Communications, Inc.: | |||
1LN, term loan CME Term SOFR 3 Month Index + 4.250% 9.5594% 6/24/29 (b)(c)(d) | 142,463 | 142,569 | |
Tranche B 1LN, term loan: | |||
CME Term SOFR 1 Month Index + 3.250% 8.6907% 3/24/26 (b)(c)(d) | 237,035 | 237,199 | |
CME Term SOFR 1 Month Index + 3.250% 8.6946% 1/31/29 (b)(c)(d) | 803,600 | 800,755 | |
TOTAL BROADCASTING | 4,003,893 | ||
Building Materials - 2.8% | |||
Acproducts Holdings, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.250% 9.8135% 5/17/28 (b)(c)(d) | 1,009,202 | 917,748 | |
APi Group DE, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.9418% 1/3/29 (b)(c)(d) | 487,791 | 488,503 | |
Beacon Roofing Supply, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.000% 7.3302% 5/19/28 (b)(c)(d) | 130,000 | 130,049 | |
Chariot Buyer LLC Tranche B 1LN, term loan: | |||
CME Term SOFR 1 Month Index + 3.500% 8.6802% 10/22/28 (b)(c)(d) | 54,860 | 54,743 | |
CME Term SOFR 1 Month Index + 3.750% 9.0802% 11/3/28 (b)(c)(d) | 185,000 | 185,231 | |
Core & Main LP Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.250% 7.5643% 2/10/31 (b)(c)(d) | 150,000 | 149,438 | |
Hunter Douglas, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.500% 8.8238% 2/25/29 (b)(c)(d) | 1,740,811 | 1,717,693 | |
Janus International Group LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6226% 8/3/30 (b)(c)(d) | 79,600 | 79,819 | |
Miwd Holdco Ii LLC Tranche B2, term loan CME Term SOFR 1 Month Index + 3.500% 3/20/31 (c)(d)(e) | 150,000 | 150,563 | |
OPE USIC Holdings, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 9.1059% 5/14/28 (b)(c)(d) | 386,113 | 385,058 | |
Oscar AcquisitionCo LLC 1LN, term loan CME Term SOFR 3 Month Index + 4.500% 9.9019% 4/29/29 (b)(c)(d) | 680,105 | 681,383 | |
Smyrna Ready Mix Concrete LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.8288% 4/2/29 (b)(c)(d) | 176,602 | 177,485 | |
SRS Distribution, Inc. Tranche B 1LN, term loan: | |||
CME Term SOFR 1 Month Index + 3.500% 8.9446% 6/4/28 (b)(c)(d) | 645,558 | 649,489 | |
CME Term SOFR 3 Month Index + 3.250% 8.6802% 6/2/28 (b)(c)(d) | 195,805 | 196,712 | |
Standard Industries, Inc./New Jersey Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.250% 7.6933% 9/22/28 (b)(c)(d) | 157,526 | 157,526 | |
Traverse Midstream Partners Ll Tranche B, term loan CME Term SOFR 1 Month Index + 3.500% 8.8174% 2/16/28 (b)(c)(d) | 238,303 | 238,528 | |
White Capital Buyer LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.000% 9.0763% 10/19/27 (b)(c)(d) | 474,197 | 475,430 | |
TOTAL BUILDING MATERIALS | 6,835,398 | ||
Cable/Satellite TV - 1.6% | |||
Charter Communication Operating LLC Tranche B2 1LN, term loan CME Term SOFR 1 Month Index + 1.750% 7.0763% 2/1/27 (b)(c)(d) | 1,385,270 | 1,384,924 | |
Coral-U.S. Co.-Borrower LLC Tranche B, term loan CME Term SOFR 1 Month Index + 2.250% 7.6898% 1/31/28 (b)(c)(d) | 775,000 | 763,499 | |
CSC Holdings LLC: | |||
Tranche B 5LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.9398% 4/15/27 (b)(c)(d) | 350,303 | 314,709 | |
Tranche B6 LN, term loan CME Term SOFR 1 Month Index + 4.500% 9.8253% 1/18/28 (b)(c)(d) | 476,437 | 457,528 | |
Virgin Media Bristol LLC: | |||
Tranche N, term loan CME Term SOFR 1 Month Index + 2.500% 7.9398% 1/31/28 (b)(c)(d) | 500,000 | 492,065 | |
Tranche Y 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.7899% 3/6/31 (b)(c)(d) | 405,000 | 398,204 | |
TOTAL CABLE/SATELLITE TV | 3,810,929 | ||
Capital Goods - 0.6% | |||
Chart Industries, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6726% 3/17/30 (b)(c)(d) | 460,578 | 461,154 | |
CPM Holdings, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 4.500% 9.8256% 9/28/28 (b)(c)(d) | 217,183 | 217,261 | |
Griffon Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 7.7019% 1/24/29 (b)(c)(d) | 345,303 | 345,196 | |
TK Elevator U.S. Newco, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 4/11/30 (c)(d)(e) | 295,000 | 295,861 | |
TNT Crane & Rigging LLC 2LN, term loan 3 month U.S. LIBOR + 8.750% 14.3418% 4/16/25 (b)(c)(d)(f) | 246,589 | 234,580 | |
TOTAL CAPITAL GOODS | 1,554,052 | ||
Chemicals - 3.7% | |||
A-Gas Finco, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.250% 10.5594% 12/14/29 (b)(c)(d) | 305,000 | 294,834 | |
ARC Falcon I, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 8.9302% 9/30/28 (b)(c)(d) | 594,293 | 593,182 | |
Aruba Investment Holdings LLC: | |||
2LN, term loan CME Term SOFR 1 Month Index + 7.750% 13.1802% 11/24/28 (b)(c)(d) | 135,000 | 133,650 | |
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.4302% 11/24/27 (b)(c)(d) | 485,940 | 484,118 | |
Avient Corp. Tranche B7 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.8257% 8/29/29 (b)(c)(d) | 108,269 | 108,320 | |
Bakelite U.S. Holding Ltd. 1LN, term loan CME Term SOFR 3 Month Index + 4.000% 9.4981% 5/27/29 (b)(c)(d) | 443,871 | 443,595 | |
Consolidated Energy Finance SA Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.500% 9.8273% 11/15/30 (b)(c)(d) | 500,000 | 482,345 | |
CPC Acquisition Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.321% 12/29/27 (b)(c)(d) | 239,073 | 200,941 | |
Cyanco Intermediate 2 Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.750% 10.0773% 7/7/28 (b)(c)(d) | 89,475 | 89,736 | |
Derby Buyer LLC 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.5756% 11/1/30 (b)(c)(d) | 330,000 | 331,752 | |
Discovery Purchaser Corp. 1LN, term loan CME Term SOFR 3 Month Index + 4.370% 9.7052% 10/4/29 (b)(c)(d) | 726,838 | 725,733 | |
Groupe Solmax, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.750% 10.2572% 5/27/28 (b)(c)(d) | 478,760 | 469,860 | |
Herens U.S. Holdco Corp. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.920% 9.3344% 7/3/28 (b)(c)(d) | 321,036 | 301,481 | |
Hexion Holdings Corp. 1LN, term loan CME Term SOFR 3 Month Index + 4.500% 9.9757% 3/15/29 (b)(c)(d) | 708,095 | 696,085 | |
Hexion, Inc. 2LN, term loan CME Term SOFR 1 Month Index + 7.430% 12.8677% 3/15/30 (b)(c)(d) | 170,000 | 149,600 | |
INEOS U.S. Petrochem LLC: | |||
1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1802% 3/1/30 (b)(c)(d) | 138,950 | 138,516 | |
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.6802% 4/2/29 (b)(c)(d) | 495,000 | 492,837 | |
Manchester Acquisition Sub LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 5.750% 11.2413% 12/1/26 (b)(c)(d) | 263,298 | 246,265 | |
Nouryon U.S.A. LLC Tranche B 1LN, term loan: | |||
CME Term SOFR 1 Month Index + 4.000% 9.4191% 4/3/28 (b)(c)(d) | 394,339 | 394,930 | |
CME Term SOFR 1 Month Index + 4.000% 9.4226% 4/3/28 (b)(c)(d) | 173,688 | 174,122 | |
Olympus Water U.S. Holding Corp. Tranche B 1LN, term loan: | |||
CME Term SOFR 1 Month Index + 4.250% 9.5658% 11/9/28 (b)(c)(d) | 303,477 | 304,047 | |
CME Term SOFR 3 Month Index + 3.750% 9.321% 11/9/28 (b)(c)(d) | 571,019 | 570,876 | |
The Chemours Co. LLC Tranche B2 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.8302% 8/18/28 (b)(c)(d) | 807,643 | 803,605 | |
Touchdown Acquirer, Inc. Tranche B 1LN, term loan: | |||
CME Term SOFR 1 Month Index + 4.000% 2/7/31 (c)(d)(h) | 52,096 | 52,226 | |
CME Term SOFR 1 Month Index + 4.000% 9.314% 2/21/31 (b)(c)(d) | 237,904 | 238,499 | |
W.R. Grace Holding LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.750% 9.321% 9/22/28 (b)(c)(d) | 143,896 | 143,896 | |
TOTAL CHEMICALS | 9,065,051 | ||
Consumer Products - 2.7% | |||
19Th Holdings Golf LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6726% 2/7/29 (b)(c)(d) | 457,297 | 445,581 | |
Aip Rd Buyer Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.000% 10.3263% 12/23/28 (b)(c)(d) | 437,800 | 438,347 | |
BCPE Empire Holdings, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.3302% 12/25/28 (b)(c)(d) | 866,532 | 866,914 | |
Bombardier Recreational Products, Inc.: | |||
Tranche B3 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.0802% 12/13/29 (b)(c)(d) | 301,199 | 301,091 | |
Tranche B4 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.0802% 1/22/31 (b)(c)(d) | 154,381 | 154,188 | |
CNT Holdings I Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.8174% 11/8/27 (b)(c)(d) | 599,747 | 600,497 | |
Conair Holdings LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1918% 5/17/28 (b)(c)(d) | 249,361 | 246,712 | |
Foundation Building Materials, Inc. Tranche B2 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.3127% 1/29/31 (b)(c)(d) | 555,000 | 556,943 | |
Kodiak BP LLC Tranche B2 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 3/12/28 (c)(d)(e) | 120,000 | 120,000 | |
Kronos Acquisition Holdings, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.750% 9.3135% 12/22/26 (b)(c)(d) | 508,550 | 508,743 | |
Mattress Firm, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.250% 9.8135% 9/24/28 (b)(c)(d) | 503,266 | 503,644 | |
Petco Health & Wellness Co., Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.250% 8.821% 3/4/28 (b)(c)(d) | 279,358 | 257,917 | |
Runner Buyer, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 5.500% 10.9576% 10/21/28 (b)(c)(d) | 249,900 | 188,050 | |
Sweetwater Borrower LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.6946% 8/5/28 (b)(c)(d) | 502,134 | 502,761 | |
Windsor Holdings III, LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.3263% 8/1/30 (b)(c)(d) | 568,975 | 570,045 | |
Woof Holdings LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.321% 12/21/27 (b)(c)(d) | 393,585 | 310,932 | |
TOTAL CONSUMER PRODUCTS | 6,572,365 | ||
Containers - 2.4% | |||
AOT Packaging Products AcquisitionCo LLC 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6918% 3/3/28 (b)(c)(d) | 505,139 | 498,824 | |
Berlin Packaging, LLC Tranche B 1LN, term loan: | |||
CME Term SOFR 3 Month Index + 3.250% 8.5878% 3/11/28 (b)(c)(d) | 87,300 | 86,907 | |
CME Term SOFR 3 Month Index + 3.750% 9.1954% 3/11/28 (b)(c)(d) | 753,805 | 754,235 | |
Berry Global, Inc. Tranche AA 1LN, term loan CME Term SOFR 1 Month Index + 1.750% 7.1822% 7/1/29 (b)(c)(d) | 424,139 | 423,893 | |
Canister International Group, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 3/13/29 (c)(d)(e) | 615,000 | 615,769 | |
Charter Next Generation, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.8263% 12/1/27 (b)(c)(d) | 545,900 | 546,708 | |
Graham Packaging Co., Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4446% 8/4/27 (b)(c)(d) | 751,935 | 751,612 | |
Kloeckner Pentaplast of America, Inc. Tranche B 1LN, term loan CME Term SOFR 6 Month Index + 4.750% 10.2675% 2/9/26 (b)(c)(d) | 514,873 | 482,693 | |
Pactiv Evergreen Group Holdings, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6946% 9/24/28 (b)(c)(d) | 419,250 | 420,474 | |
Pregis TopCo Corp. 1LN, term loan: | |||
CME Term SOFR 1 Month Index + 3.750% 9.0802% 8/3/26 (b)(c)(d) | 279,167 | 279,416 | |
CME Term SOFR 1 Month Index + 3.750% 9.1946% 8/1/26 (b)(c)(d) | 243,750 | 243,750 | |
Reynolds Consumer Products LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 1.750% 7.1802% 1/30/27 (b)(c)(d) | 517,968 | 518,657 | |
Ring Container Technologies Group LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9446% 8/12/28 (b)(c)(d) | 114,079 | 114,269 | |
SupplyOne, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 3/27/31 (c)(d)(e) | 120,000 | 119,326 | |
TOTAL CONTAINERS | 5,856,533 | ||
Diversified Financial Services - 4.1% | |||
AlixPartners LLP Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 7.9446% 2/4/28 (b)(c)(d) | 483,439 | 483,830 | |
Aretec Group, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 4.500% 9.9273% 8/9/30 (b)(c)(d) | 631,568 | 634,726 | |
BCP Renaissance Parent LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.8285% 10/31/28 (b)(c)(d) | 406,472 | 407,362 | |
Broadstreet Partners, Inc.: | |||
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6907% 1/27/27 (b)(c)(d) | 180,375 | 180,252 | |
Tranche B3 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.0763% 1/26/29 (b)(c)(d) | 323,639 | 324,286 | |
Clue Opco LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.500% 9.8273% 12/19/30 (b)(c)(d) | 492,311 | 484,680 | |
Eagle 4 Ltd. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.750% 9.321% 7/12/28 (b)(c)(d) | 238,677 | 238,677 | |
FinCo I LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.3127% 6/27/29 (b)(c)(d) | 91,645 | 91,740 | |
Fleet U.S. Bidco, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.5659% 2/3/31 (b)(c)(d) | 240,000 | 240,000 | |
Focus Financial Partners LLC: | |||
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.8302% 6/24/28 (b)(c)(d) | 121,620 | 121,058 | |
Tranche B7 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.0802% 6/30/28 (b)(c)(d) | 374,312 | 372,908 | |
Fugue Finance LLC Tranche B 1LN, term loan: | |||
CME Term SOFR 1 Month Index + 3.750% 9.0738% 2/26/31 (b)(c)(d) | 120,000 | 120,187 | |
CME Term SOFR 1 Month Index + 4.000% 9.3432% 1/26/28 (b)(c)(d) | 228,271 | 228,556 | |
GTCR W-2 Merger Sub LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.3094% 1/31/31 (b)(c)(d) | 1,595,000 | 1,599,322 | |
HarbourVest Partners LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.8432% 4/22/30 (b)(c)(d) | 467,506 | 467,506 | |
Heubach Holding U.S.A. LLC Tranche CME, term loan CME Term SOFR 1 Month Index + 10.000% 15.5868% 4/30/24 (b)(c)(d)(f) | 49,884 | 48,387 | |
Hightower Holding LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.000% 9.5857% 4/21/28 (b)(c)(d) | 501,626 | 501,626 | |
IVI America LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.500% 3/15/31 (c)(d)(e) | 140,000 | 139,825 | |
Jane Street Group LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.9418% 1/26/28 (b)(c)(d) | 279,278 | 279,348 | |
LSF11 Trinity Bidco, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.3288% 6/17/30 (b)(c)(d) | 83,155 | 83,363 | |
Nexus Buyer LLC: | |||
2LN, term loan CME Term SOFR 1 Month Index + 6.250% 11.6773% 11/1/29 (b)(c)(d) | 220,000 | 218,258 | |
Tranche B 1LN, term loan: | |||
CME Term SOFR 1 Month Index + 3.750% 9.1773% 11/8/26 (b)(c)(d) | 64,662 | 64,432 | |
CME Term SOFR 1 Month Index + 4.500% 9.8273% 12/13/28 (b)(c)(d) | 537,000 | 532,135 | |
Recess Holdings, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.500% 9.8432% 2/14/30 (b)(c)(d) | 295,000 | 295,923 | |
TransUnion LLC: | |||
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.000% 7.3273% 12/1/28 (b)(c)(d) | 190,079 | 189,889 | |
Tranche B5 1LN, term loan CME Term SOFR 1 Month Index + 1.750% 7.1773% 11/16/26 (b)(c)(d) | 416,050 | 415,626 | |
UFC Holdings LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.3357% 4/29/26 (b)(c)(d) | 202,838 | 203,091 | |
WH Borrower LLC Tranche B 1LN, term loan: | |||
CME Term SOFR 1 Month Index + 5.500% 10.8165% 2/9/27 (b)(c)(d) | 607,657 | 604,242 | |
CME Term SOFR 1 Month Index + 5.500% 10.8165% 2/15/27 (b)(c)(d) | 411,770 | 410,741 | |
TOTAL DIVERSIFIED FINANCIAL SERVICES | 9,981,976 | ||
Diversified Media - 0.7% | |||
Advantage Sales & Marketing, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.500% 10.0918% 10/28/27 (b)(c)(d) | 372,643 | 373,109 | |
Allen Media LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 5.500% 10.9594% 2/10/27 (b)(c)(d) | 753,519 | 654,853 | |
CMG Media Corp. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.500% 8.9094% 12/17/26 (b)(c)(d) | 931,429 | 809,346 | |
TOTAL DIVERSIFIED MEDIA | 1,837,308 | ||
Energy - 2.2% | |||
Apro LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1857% 11/14/26 (b)(c)(d) | 390,799 | 391,190 | |
Array Technologies, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.250% 8.6932% 10/14/27 (b)(c)(d) | 313,494 | 312,710 | |
BW Gas & Convenience Holdings LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.500% 8.9446% 3/17/28 (b)(c)(d) | 272,300 | 269,577 | |
Delek U.S. Holdings, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9302% 11/19/29 (b)(c)(d) | 548,916 | 548,230 | |
EG America LLC Tranche BC 1LN, term loan CME Term SOFR 1 Month Index + 5.500% 11.2383% 2/7/28 (b)(c)(d) | 805,160 | 799,122 | |
Enstall Group BV Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.750% 10.571% 8/27/28 (b)(c)(d) | 223,750 | 211,444 | |
GIP II Blue Holding LP Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.500% 9.9418% 9/29/28 (b)(c)(d) | 649,383 | 650,701 | |
GIP III Stetson I LP Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.6802% 10/5/28 (b)(c)(d) | 363,867 | 364,868 | |
New Fortress Energy, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.000% 10.3174% 10/30/28 (b)(c)(d) | 937,650 | 939,994 | |
Par Petroleum LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.6932% 2/14/30 (b)(c)(d) | 198,112 | 198,173 | |
Prairie ECI Acquiror LP Tranche 1LN, term loan CME Term SOFR 1 Month Index + 4.750% 10.0713% 8/1/29 (b)(c)(d) | 180,000 | 179,197 | |
Rockwood Service Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.6918% 1/23/27 (b)(c)(d) | 311,847 | 312,548 | |
Win Waste Innovations Holdings Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.1907% 3/25/28 (b)(c)(d) | 312,023 | 289,686 | |
TOTAL ENERGY | 5,467,440 | ||
Entertainment/Film - 0.3% | |||
AP Core Holdings II LLC: | |||
Tranche B1 1LN, term loan CME Term SOFR 1 Month Index + 5.500% 10.9407% 9/1/27 (b)(c)(d) | 175,000 | 171,325 | |
Tranche B2 1LN, term loan CME Term SOFR 1 Month Index + 5.500% 10.9407% 9/1/27 (b)(c)(d) | 570,000 | 557,318 | |
TOTAL ENTERTAINMENT/FILM | 728,643 | ||
Environmental - 0.5% | |||
Clean Harbors, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 1.750% 7.1946% 10/8/28 (b)(c)(d) | 209,464 | 209,661 | |
Covanta Holding Corp.: | |||
Tranche B 1LN, term loan: | |||
CME Term SOFR 1 Month Index + 2.500% 7.8273% 11/30/28 (b)(c)(d) | 198,735 | 198,115 | |
CME Term SOFR 1 Month Index + 2.750% 8.0677% 11/30/28 (b)(c)(d) | 94,598 | 94,446 | |
Tranche C 1LN, term loan: | |||
CME Term SOFR 1 Month Index + 2.500% 7.8273% 11/30/28 (b)(c)(d) | 15,190 | 15,143 | |
CME Term SOFR 1 Month Index + 2.750% 8.0677% 11/30/28 (b)(c)(d) | 5,169 | 5,161 | |
Madison IAQ LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6933% 6/21/28 (b)(c)(d) | 672,228 | 670,830 | |
TOTAL ENVIRONMENTAL | 1,193,356 | ||
Food & Drug Retail - 0.7% | |||
Cardenas Merger Sub, LLC 1LN, term loan CME Term SOFR 6 Month Index + 6.750% 12.1594% 8/1/29 (b)(c)(d) | 464,535 | 466,277 | |
Froneri U.S., Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.250% 7.6802% 2/1/27 (b)(c)(d) | 282,330 | 282,387 | |
JP Intermediate B LLC term loan CME Term SOFR 1 Month Index + 5.500% 11.0743% 11/20/27 (b)(c)(d) | 397,808 | 31,160 | |
Northeast Grocery, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 7.500% 12.8257% 12/5/28 (b)(c)(d) | 205,000 | 204,658 | |
Primary Products Finance LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9405% 4/2/29 (b)(c)(d) | 329,175 | 328,823 | |
Upfield U.S.A. Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.750% 10.2131% 1/3/28 (b)(c)(d) | 494,450 | 491,439 | |
TOTAL FOOD & DRUG RETAIL | 1,804,744 | ||
Food/Beverage/Tobacco - 1.3% | |||
8th Avenue Food & Provisions, Inc.: | |||
2LN, term loan CME Term SOFR 1 Month Index + 7.750% 13.1918% 10/1/26 (b)(c)(d) | 80,000 | 71,800 | |
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1907% 10/1/25 (b)(c)(d) | 134,842 | 132,238 | |
Chobani LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9446% 10/23/27 (b)(c)(d) | 403,967 | 404,642 | |
Del Monte Foods, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.6802% 5/16/29 (b)(c)(d) | 712,232 | 600,647 | |
Fiesta Purchaser, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.3274% 2/12/31 (b)(c)(d) | 390,000 | 390,433 | |
Naked Juice LLC: | |||
1LN, term loan CME Term SOFR 3 Month Index + 3.250% 8.6594% 1/24/29 (b)(c)(d) | 412,650 | 385,172 | |
2LN, term loan CME Term SOFR 3 Month Index + 6.000% 11.4019% 1/24/30 (b)(c)(d) | 185,000 | 148,982 | |
Saratoga Food Specialties LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 3/1/29 (c)(d)(e) | 145,000 | 144,729 | |
Triton Water Holdings, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.8135% 3/31/28 (b)(c)(d) | 966,747 | 955,755 | |
TOTAL FOOD/BEVERAGE/TOBACCO | 3,234,398 | ||
Gaming - 4.3% | |||
Caesars Entertainment, Inc.: | |||
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6627% 1/26/30 (b)(c)(d) | 1,935,450 | 1,938,682 | |
Tranche B1 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.0405% 2/6/31 (b)(c)(d) | 1,020,000 | 1,020,000 | |
Entain Holdings Gibraltar Ltd.: | |||
Tranche B2 1LN, term loan CME Term SOFR 3 Month Index + 3.500% 8.9481% 10/31/29 (b)(c)(d) | 311,561 | 312,664 | |
Tranche B4 1LN, term loan CME Term SOFR 3 Month Index + 2.250% 7.9094% 3/16/27 (b)(c)(d) | 272,300 | 272,472 | |
Fertitta Entertainment LLC NV Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.0767% 1/27/29 (b)(c)(d) | 2,563,132 | 2,567,951 | |
Flutter Financing B.V. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.250% 7.6594% 11/25/30 (b)(c)(d) | 908,723 | 908,232 | |
Golden Entertainment, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.1802% 5/26/30 (b)(c)(d) | 476,400 | 475,805 | |
J&J Ventures Gaming LLC: | |||
1LN, term loan CME Term SOFR 3 Month Index + 4.000% 9.4446% 4/26/28 (b)(c)(d) | 277,875 | 275,385 | |
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.6946% 4/26/28 (b)(c)(d) | 204,000 | 201,705 | |
Light & Wonder International, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.0754% 4/16/29 (b)(c)(d) | 448,175 | 448,610 | |
Ontario Gaming GTA LP Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.5594% 8/1/30 (b)(c)(d) | 344,138 | 345,184 | |
PCI Gaming Authority 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.9446% 5/29/26 (b)(c)(d) | 132,866 | 133,018 | |
Scientific Games Holdings LP term loan CME Term SOFR 3 Month Index + 3.500% 8.5802% 4/4/29 (b)(c)(d) | 780,383 | 779,759 | |
Station Casinos LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.250% 7.5754% 3/7/31 (b)(c)(d) | 820,000 | 818,417 | |
TOTAL GAMING | 10,497,884 | ||
Healthcare - 5.2% | |||
AHP Health Partners, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9418% 8/24/28 (b)(c)(d) | 293,163 | 293,530 | |
Avantor Funding, Inc. Tranche B5 1LN, term loan CME Term SOFR 1 Month Index + 2.250% 7.6802% 11/6/27 (b)(c)(d) | 212,312 | 212,408 | |
Charlotte Buyer, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.250% 10.5677% 2/12/28 (b)(c)(d) | 167,875 | 168,276 | |
Elanco Animal Health, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 1.750% 7.1756% 8/1/27 (b)(c)(d) | 580,591 | 578,205 | |
Electron BidCo, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4446% 11/1/28 (b)(c)(d) | 175,612 | 175,886 | |
Embecta Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.3263% 3/31/29 (b)(c)(d) | 304,878 | 281,970 | |
Gainwell Acquisition Corp. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.000% 9.4094% 10/1/27 (b)(c)(d) | 1,707,294 | 1,629,612 | |
HAH Group Holding Co. LLC: | |||
1LN, term loan: | |||
CME Term SOFR 1 Month Index + 5.000% 10.44% 10/29/27 (b)(c)(d) | 26,494 | 26,328 | |
CME Term SOFR 3 Month Index + 5.000% 10.44% 10/29/27 (b)(c)(d) | 389,098 | 386,667 | |
Tranche DD 1LN, term loan CME Term SOFR 3 Month Index + 5.000% 10.44% 10/29/27 (b)(c)(d) | 3,352 | 3,332 | |
ICU Medical, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.9981% 1/6/29 (b)(c)(d) | 313,600 | 313,111 | |
Insulet Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.3302% 5/4/28 (b)(c)(d) | 1,101,836 | 1,102,750 | |
Jazz Financing Lux SARL Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4446% 5/5/28 (b)(c)(d) | 901,652 | 906,161 | |
MED ParentCo LP: | |||
1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.6946% 8/31/26 (b)(c)(d) | 272,407 | 271,726 | |
2LN, term loan CME Term SOFR 1 Month Index + 8.250% 13.6946% 8/30/27 (b)(c)(d) | 180,000 | 179,719 | |
Medline Borrower LP Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4407% 10/23/28 (b)(c)(d) | 1,714,103 | 1,717,788 | |
Organon & Co. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.000% 8.4332% 6/2/28 (b)(c)(d) | 572,777 | 574,449 | |
Pacific Dental Services, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 3/10/31 (c)(d)(e) | 195,000 | 194,594 | |
Packaging Coordinators Midco, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.500% 9.071% 11/30/27 (b)(c)(d) | 558,057 | 558,833 | |
Pathway Vet Alliance LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1946% 3/31/27 (b)(c)(d) | 175,892 | 153,796 | |
Phoenix Guarantor, Inc. term loan CME Term SOFR 1 Month Index + 3.250% 8.5773% 2/21/31 (b)(c)(d) | 330,000 | 325,509 | |
Phoenix Newco, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6918% 11/15/28 (b)(c)(d) | 1,082,570 | 1,084,649 | |
Surgery Center Holdings, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.8288% 12/19/30 (b)(c)(d) | 326,914 | 328,231 | |
U.S. Anesthesia Partners, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.6901% 10/1/28 (b)(c)(d) | 94,928 | 90,564 | |
Upstream Newco, Inc. 1LN, term loan 1 month U.S. LIBOR + 4.250% 9.8243% 11/20/26 (b)(c)(d) | 285,305 | 267,830 | |
VetStrategy Canada Holdings, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.500% 10.8094% 11/16/28 (b)(c)(d) | 488,775 | 488,927 | |
WCG Intermediate Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.4407% 1/8/27 (b)(c)(d) | 339,173 | 339,092 | |
TOTAL HEALTHCARE | 12,653,943 | ||
Homebuilders/Real Estate - 0.7% | |||
Chromalloy Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 3/21/31 (c)(d)(e) | 220,000 | 219,083 | |
Cushman & Wakefield U.S. Borrower LLC Tranche B 1LN, term loan: | |||
CME Term SOFR 1 Month Index + 2.750% 8.1946% 8/21/25 (b)(c)(d) | 23,477 | 23,411 | |
CME Term SOFR 1 Month Index + 3.250% 8.6802% 1/31/30 (b)(c)(d) | 321,656 | 320,450 | |
CME Term SOFR 1 Month Index + 4.000% 9.3302% 1/31/30 (b)(c)(d) | 144,638 | 144,818 | |
Fluidra Finco SL Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.000% 7.3552% 1/27/29 (b)(c)(d) | 220,626 | 220,129 | |
Greystar Real Estate Partners Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.5757% 8/21/30 (b)(c)(d) | 403,539 | 403,539 | |
Jones DesLauriers Insurance Management, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.8048% 3/15/30 (b)(c)(d) | 205,000 | 204,807 | |
Ryan Specialty Group LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.0802% 9/1/27 (b)(c)(d) | 284,357 | 284,499 | |
TOTAL HOMEBUILDERS/REAL ESTATE | 1,820,736 | ||
Hotels - 1.9% | |||
ASP LS Acquisition Corp. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.500% 10.3958% 5/7/28 (b)(c)(d) | 365,625 | 339,848 | |
BRE/Everbright M6 Borrower LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.000% 10.4209% 9/9/26 (b)(c)(d) | 130,414 | 129,979 | |
Carnival Finance LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6946% 10/18/28 (b)(c)(d) | 476,238 | 476,338 | |
Four Seasons Hotels Ltd. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.000% 7.4302% 11/30/29 (b)(c)(d) | 74,063 | 74,091 | |
Hilton Grand Vacations Borrower LLC Tranche B 1LN, term loan: | |||
CME Term SOFR 1 Month Index + 2.750% 8.0773% 1/17/31 (b)(c)(d) | 305,000 | 305,476 | |
CME Term SOFR 1 Month Index + 3.000% 8.1918% 8/2/28 (b)(c)(d) | 1,479,439 | 1,480,371 | |
Hilton Worldwide Finance LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.000% 7.4294% 11/8/30 (b)(c)(d) | 126,445 | 126,633 | |
Marriott Ownership Resorts, Inc. Tranche B 1LN, term loan: | |||
CME Term SOFR 1 Month Index + 1.750% 7.1802% 8/31/25 (b)(c)(d) | 397,104 | 395,516 | |
CME Term SOFR 1 Month Index + 2.250% 3/14/31 (c)(d)(e) | 100,000 | 99,500 | |
Oravel Stays Singapore Pte Ltd. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 8.250% 13.8401% 6/23/26 (b)(c)(d) | 164,146 | 161,137 | |
Playa Resorts Holding BV Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 8.5788% 1/5/29 (b)(c)(d) | 296,597 | 297,277 | |
Travelport Finance Luxembourg SARL 1LN, term loan CME Term SOFR 1 Month Index + 7.000% 13.6095% 9/29/28 (b)(c)(d) | 722,389 | 671,374 | |
TOTAL HOTELS | 4,557,540 | ||
Insurance - 5.9% | |||
Acrisure LLC: | |||
Tranche B 1LN, term loan: | |||
CME Term SOFR 1 Month Index + 3.500% 8.9446% 2/15/27 (b)(c)(d) | 1,109,956 | 1,107,581 | |
CME Term SOFR 1 Month Index + 4.250% 9.6946% 2/15/27 (b)(c)(d) | 869,620 | 870,707 | |
Tranche B5 1LN, term loan CME Term SOFR 1 Month Index + 4.500% 9.8302% 11/6/30 (b)(c)(d) | 722,575 | 724,381 | |
Alliant Holdings Intermediate LLC Tranche B6 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.8267% 11/6/30 (b)(c)(d) | 649,137 | 651,571 | |
AmWINS Group, Inc. Tranche B 1LN, term loan: | |||
CME Term SOFR 1 Month Index + 2.250% 7.6946% 2/19/28 (b)(c)(d) | 583,539 | 583,440 | |
CME Term SOFR 1 Month Index + 2.750% 8.1946% 2/19/28 (b)(c)(d) | 138,250 | 138,384 | |
Amynta Agency Borrower, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.5519% 2/28/28 (b)(c)(d) | 282,866 | 283,751 | |
AssuredPartners, Inc.: | |||
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9418% 2/13/27 (b)(c)(d) | 435,663 | 435,937 | |
Tranche B4 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.0773% 2/13/27 (b)(c)(d) | 124,375 | 124,427 | |
Tranche B5 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.8214% 2/14/31 (b)(c)(d) | 175,000 | 175,165 | |
Asurion LLC: | |||
1LN, term loan CME Term SOFR 3 Month Index + 4.000% 9.4273% 8/19/28 (b)(c)(d) | 984,936 | 946,563 | |
Tranche B11 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.6773% 8/19/28 (b)(c)(d) | 844,970 | 814,129 | |
Tranche B3 2LN, term loan CME Term SOFR 1 Month Index + 5.250% 10.6918% 1/31/28 (b)(c)(d) | 1,340,000 | 1,202,650 | |
Tranche B4 2LN, term loan CME Term SOFR 1 Month Index + 5.250% 10.6918% 1/20/29 (b)(c)(d) | 630,000 | 561,191 | |
Tranche B8 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6918% 12/23/26 (b)(c)(d) | 967,500 | 946,418 | |
Tranche B9 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6918% 7/31/27 (b)(c)(d) | 586,850 | 562,854 | |
HUB International Ltd. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.5741% 6/20/30 (b)(c)(d) | 1,819,802 | 1,820,130 | |
Truist Insurance Holdings LLC: | |||
2L, term loan CME Term SOFR 1 Month Index + 4.750% 3/8/32 (c)(d)(e) | 800,000 | 804,000 | |
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 3/22/31 (c)(d)(e) | 935,000 | 933,439 | |
USI, Inc. Tranche B 1LN, term loan: | |||
CME Term SOFR 1 Month Index + 3.000% 8.3019% 11/22/29 (b)(c)(d) | 738,924 | 738,821 | |
CME Term SOFR 1 Month Index + 3.250% 8.5519% 9/27/30 (b)(c)(d) | 124,375 | 124,414 | |
TOTAL INSURANCE | 14,549,953 | ||
Leisure - 2.3% | |||
Alterra Mountain Co. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9446% 8/17/28 (b)(c)(d) | 352,228 | 353,256 | |
America Sports Co. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.5757% 2/17/31 (b)(c)(d) | 185,000 | 185,000 | |
Arcis Golf LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1918% 11/24/28 (b)(c)(d) | 260,974 | 261,410 | |
Carnival Finance LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.3187% 8/8/27 (b)(c)(d) | 387,075 | 387,319 | |
City Football Group Ltd. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4432% 7/21/28 (b)(c)(d) | 908,377 | 906,678 | |
ClubCorp Holdings, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.000% 10.5635% 9/18/26 (b)(c)(d) | 425,737 | 426,082 | |
Crown Finance U.S., Inc. 1LN, term loan CME Term SOFR 1 Month Index + 8.500% 13.9418% 7/31/28 (b)(c)(d) | 157,876 | 160,288 | |
Delta 2 SARL Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 7.5594% 1/15/30 (b)(c)(d) | 630,000 | 630,158 | |
Fitness International LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.250% 10.5773% 1/30/29 (b)(c)(d) | 220,000 | 216,700 | |
Herschend Entertainment Co. LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 8.3263% 8/27/28 (b)(c)(d) | 185,250 | 185,482 | |
Lids Holdings, Inc. 1LN, term loan CME Term SOFR 3 Month Index + 5.500% 10.9795% 12/14/26 (b)(c)(d) | 268,275 | 266,934 | |
SeaWorld Parks & Entertainment, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.8302% 8/25/28 (b)(c)(d) | 292,517 | 292,005 | |
Topgolf Callaway Brands Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.3273% 3/9/30 (b)(c)(d) | 719,022 | 719,173 | |
United PF Holdings LLC: | |||
1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.5743% 12/30/26 (b)(c)(d) | 599,021 | 528,139 | |
2LN, term loan 3 month U.S. LIBOR + 8.500% 14.0743% 12/30/27 (b)(c)(d) | 125,000 | 100,625 | |
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 8.500% 14.0743% 12/30/26 (b)(c)(d)(f) | 130,275 | 120,504 | |
TOTAL LEISURE | 5,739,753 | ||
Metals/Mining - 0.1% | |||
Arsenal AIC Parent LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.0802% 8/19/30 (b)(c)(d) | 308,452 | 309,146 | |
Paper - 0.7% | |||
Ahlstrom-Munksjo OYJ 1LN, term loan CME Term SOFR 3 Month Index + 4.000% 9.571% 2/4/28 (b)(c)(d) | 147,868 | 147,683 | |
Clydesdale Acquisition Holdings, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 3.670% 9.1052% 4/13/29 (b)(c)(d) | 1,686,873 | 1,688,611 | |
TOTAL PAPER | 1,836,294 | ||
Publishing/Printing - 0.5% | |||
Century DE Buyer LLC 1LN, term loan CME Term SOFR 3 Month Index + 4.000% 9.3174% 10/30/30 (b)(c)(d) | 335,000 | 336,005 | |
Learning Care Group (U.S.) No 2, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.750% 10.0723% 8/11/28 (b)(c)(d) | 238,800 | 238,850 | |
MJH Healthcare Holdings LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9273% 1/28/29 (b)(c)(d) | 196,000 | 195,143 | |
RLG Holdings LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.6946% 7/8/28 (b)(c)(d) | 278,588 | 275,222 | |
Vericast Corp. 1LN, term loan CME Term SOFR 3 Month Index + 7.750% 15.821% 6/16/26 (b)(c)(d) | 223,315 | 219,965 | |
TOTAL PUBLISHING/PRINTING | 1,265,185 | ||
Railroad - 0.5% | |||
AIT Worldwide Logistics Holdings, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 4.750% 10.1687% 4/6/28 (b)(c)(d) | 287,625 | 287,985 | |
Genesee & Wyoming, Inc. 1LN, term loan CME Term SOFR 3 Month Index + 2.000% 7.4019% 12/30/26 (b)(c)(d) | 513,600 | 513,641 | |
Wwex Unified Topco Holdings LLC 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.6098% 7/26/28 (b)(c)(d) | 425,212 | 422,457 | |
TOTAL RAILROAD | 1,224,083 | ||
Restaurants - 1.1% | |||
1011778 BC ULC Tranche B5 1LN, term loan CME Term SOFR 1 Month Index + 2.250% 7.5802% 9/21/30 (b)(c)(d) | 507,678 | 507,170 | |
Dave & Buster's, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.625% 6/29/29 (b)(c)(d) | 337,467 | 337,595 | |
Flynn Restaurant Group LP Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.6918% 12/1/28 (b)(c)(d) | 151,513 | 151,816 | |
Pacific Bells LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.500% 10.0635% 10/20/28 (b)(c)(d) | 223,287 | 221,556 | |
PFC Acquisition Corp. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 6.250% 11.7127% 3/1/26 (b)(c)(d) | 356,250 | 350,685 | |
Restaurant Technologies, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.250% 9.5519% 4/1/29 (b)(c)(d) | 490,511 | 485,812 | |
Whatabrands LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.6907% 8/3/28 (b)(c)(d) | 743,418 | 743,381 | |
TOTAL RESTAURANTS | 2,798,015 | ||
Services - 11.1% | |||
ABG Intermediate Holdings 2 LLC Tranche B1 LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9273% 12/21/28 (b)(c)(d) | 2,115,215 | 2,121,963 | |
AEA International Holdings Luxembourg SARL Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.8094% 10/2/28 (b)(c)(d) | 210,173 | 210,436 | |
AI Aqua Merger Sub, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 7/31/28 (b)(c)(d)(h) | 740,000 | 742,775 | |
Allied Universal Holdco LLC Tranche B 1LN, term loan: | |||
CME Term SOFR 1 Month Index + 3.750% 9.1802% 5/14/28 (b)(c)(d) | 1,063,577 | 1,061,843 | |
CME Term SOFR 1 Month Index + 4.750% 10.0802% 5/14/28 (b)(c)(d) | 203,975 | 204,375 | |
Amentum Government Services Holdings LLC: | |||
Tranche B 1LN, term loan: | |||
CME Term SOFR 1 Month Index + 4.000% 9.3288% 2/15/29 (b)(c)(d) | 157,200 | 157,397 | |
CME Term SOFR 1 Month Index + 4.000% 9.4446% 1/23/27 (b)(c)(d) | 678,562 | 679,411 | |
Tranche B 2LN, term loan CME Term SOFR 1 Month Index + 8.750% 14.1946% 1/31/28 (b)(c)(d) | 200,000 | 201,000 | |
Anticimex Global AB: | |||
Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.900% 8.95% 11/16/28 (b)(c)(d) | 156,400 | 156,400 | |
Tranche B1 1LN, term loan CME Term SOFR 3 Month Index + 3.500% 8.45% 11/16/28 (b)(c)(d) | 543,700 | 543,249 | |
APX Group, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6943% 7/9/28 (b)(c)(d) | 414,375 | 415,249 | |
Aramark Services, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.9407% 6/22/30 (b)(c)(d) | 74,943 | 74,896 | |
Archkey Holdings, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.250% 10.6918% 6/30/28 (b)(c)(d) | 137,186 | 137,014 | |
Artera Services LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.500% 9.8094% 2/10/31 (b)(c)(d) | 420,000 | 421,260 | |
Ascend Learning LLC: | |||
2LN, term loan CME Term SOFR 1 Month Index + 5.750% 11.1763% 12/10/29 (b)(c)(d) | 180,000 | 176,794 | |
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9302% 12/10/28 (b)(c)(d) | 1,205,972 | 1,197,989 | |
Avis Budget Car Rental LLC Tranche C 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4263% 3/16/29 (b)(c)(d) | 68,071 | 68,092 | |
Bifm California Buyer, Inc. Tranche 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.5707% 5/31/28 (b)(c)(d) | 285,000 | 286,069 | |
Brand Industrial Services, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.500% 10.8064% 8/1/30 (b)(c)(d) | 891,136 | 894,157 | |
Cast & Crew Payroll LLC Tranche B 1LN, term loan: | |||
CME Term SOFR 1 Month Index + 3.500% 9.1946% 2/7/26 (b)(c)(d) | 573,327 | 573,923 | |
CME Term SOFR 1 Month Index + 3.750% 9.0802% 12/30/28 (b)(c)(d) | 208,401 | 208,430 | |
Centralsquare Technologies LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.750% 9.1773% 8/29/25 (b)(c)(d) | 463,776 | 449,358 | |
CHG Healthcare Services, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6907% 9/30/28 (b)(c)(d) | 199,508 | 199,508 | |
CoreLogic, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9446% 6/2/28 (b)(c)(d) | 984,750 | 960,594 | |
EAB Global, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9446% 8/16/28 (b)(c)(d) | 335,310 | 335,142 | |
EmployBridge LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.750% 10.3429% 7/19/28 (b)(c)(d) | 497,250 | 412,509 | |
Ensemble RCM LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.3174% 8/1/29 (b)(c)(d) | 423,959 | 424,756 | |
Filtration Group Corp. 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.6946% 10/19/28 (b)(c)(d) | 442,798 | 443,905 | |
Flexera Software LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1946% 3/3/28 (b)(c)(d) | 445,034 | 445,715 | |
Franchise Group, Inc. Tranche B 1LN, term loan: | |||
CME Term SOFR 3 Month Index + 4.750% 10.3433% 3/10/26 (b)(c)(d) | 158,400 | 141,768 | |
CME Term SOFR 3 Month Index + 4.750% 10.363% 3/10/26 (b)(c)(d) | 631,426 | 562,759 | |
Galaxy U.S. Opco, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 4.750% 10.0627% 4/29/29 (b)(c)(d) | 446,335 | 402,818 | |
GEMS MENASA Cayman Ltd. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.750% 10.1946% 7/30/26 (b)(c)(d) | 509,521 | 510,795 | |
Greeneden U.S. Holdings II LLC Tranche B 1LN, term loan: | |||
CME Term SOFR 1 Month Index + 3.750% 9.1918% 12/1/27 (b)(c)(d) | 150,000 | 150,470 | |
CME Term SOFR 1 Month Index + 4.000% 9.4407% 12/1/27 (b)(c)(d) | 363,750 | 364,594 | |
HomeServe U.S.A. Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.3288% 10/13/30 (b)(c)(d) | 420,000 | 420,945 | |
Ion Trading Finance Ltd. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.750% 10.1519% 4/1/28 (b)(c)(d) | 446,115 | 445,161 | |
KNS Acquisitions, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 6.250% 11.6918% 4/21/27 (b)(c)(d) | 307,155 | 267,608 | |
KUEHG Corp. 1LN, term loan CME Term SOFR 1 Month Index + 5.000% 10.3019% 6/12/30 (b)(c)(d) | 1,234,398 | 1,236,411 | |
Life Time, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.5743% 1/15/26 (b)(c)(d) | 170,000 | 170,638 | |
Neptune BidCo U.S., Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.000% 10.4234% 4/11/29 (b)(c)(d) | 1,369,650 | 1,261,009 | |
Omnia Partners LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.0741% 7/25/30 (b)(c)(d) | 491,768 | 493,612 | |
Optiv Security, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.250% 10.5741% 8/14/26 (b)(c)(d) | 343,462 | 331,932 | |
PG Investment Co. 59 Sarl Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 2/23/31 (c)(d)(e) | 530,000 | 530,663 | |
Planet U.S. Buyer LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.8143% 2/10/31 (b)(c)(d) | 320,000 | 320,960 | |
Sabert Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1832% 12/16/26 (b)(c)(d) | 380,129 | 380,919 | |
Sedgwick Claims Management Services, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.0773% 2/24/28 (b)(c)(d) | 203,211 | 203,522 | |
Sotheby's Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.500% 10.0756% 1/15/27 (b)(c)(d) | 213,903 | 209,447 | |
Spin Holdco, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.000% 9.5854% 3/4/28 (b)(c)(d) | 1,881,043 | 1,734,679 | |
Sts Operating, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 3/15/31 (c)(d)(e) | 610,000 | 611,147 | |
The GEO Group, Inc. Tranche 1B 1LN, term loan CME Term SOFR 1 Month Index + 7.120% 12.2052% 3/23/27 (b)(c)(d) | 247,029 | 253,637 | |
Uber Technologies, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.000% 8.0793% 3/3/30 (b)(c)(d) | 653,564 | 656,087 | |
United Rentals North America, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 1.750% 7.0773% 2/14/31 (b)(c)(d) | 975,000 | 976,833 | |
Vestis Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.250% 7.5757% 2/24/31 (b)(c)(d) | 145,000 | 144,819 | |
WMB Holdings, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.0773% 11/3/29 (b)(c)(d) | 170,864 | 171,078 | |
TOTAL SERVICES | 27,158,520 | ||
Steel - 0.2% | |||
Zekelman Industries, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 2.000% 7.4412% 1/24/27 (b)(c)(d) | 477,014 | 477,081 | |
Super Retail - 3.2% | |||
Academy Ltd. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1901% 11/6/27 (b)(c)(d) | 142,187 | 141,832 | |
At Home Group, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.6901% 7/24/28 (b)(c)(d) | 249,263 | 126,127 | |
BJ's Wholesale Club, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.000% 7.3267% 2/3/29 (b)(c)(d) | 186,667 | 187,133 | |
Empire Today LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.000% 10.5743% 4/1/28 (b)(c)(d) | 272,983 | 221,116 | |
Great Outdoors Group LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1946% 3/5/28 (b)(c)(d) | 5,894,964 | 5,894,138 | |
Harbor Freight Tools U.S.A., Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.1946% 10/19/27 (b)(c)(d) | 212,692 | 212,473 | |
LBM Acquisition LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1773% 12/18/27 (b)(c)(d) | 317,778 | 317,024 | |
Michaels Companies, Inc. 1LN, term loan CME Term SOFR 3 Month Index + 4.250% 9.821% 4/15/28 (b)(c)(d) | 448,061 | 401,014 | |
RH Tranche B2 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6773% 10/20/28 (b)(c)(d) | 443,250 | 434,292 | |
TOTAL SUPER RETAIL | 7,935,149 | ||
Technology - 15.4% | |||
A&V Holdings Midco LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 5.370% 10.987% 3/10/27 (b)(c)(d) | 246,486 | 244,022 | |
Acuris Finance U.S., Inc. 1LN, term loan CME Term SOFR 3 Month Index + 4.000% 9.4519% 2/16/28 (b)(c)(d) | 240,365 | 239,838 | |
Ahead DB Holdings LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.5594% 1/24/31 (b)(c)(d) | 165,000 | 165,439 | |
AI Aqua Merger Sub, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.0724% 7/30/28 (b)(c)(d) | 769,682 | 770,567 | |
Alliance Laundry Systems LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.500% 8.9264% 10/8/27 (b)(c)(d) | 188,652 | 189,018 | |
Anastasia Parent LLC Tranche B, term loan CME Term SOFR 3 Month Index + 3.750% 9.321% 8/10/25 (b)(c)(d) | 783,089 | 565,923 | |
Applied Systems, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.8094% 2/24/31 (b)(c)(d) | 661,850 | 665,517 | |
Athenahealth Group, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.5802% 2/15/29 (b)(c)(d) | 1,380,321 | 1,365,441 | |
AZZ, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 8.5773% 5/13/29 (b)(c)(d) | 299,694 | 300,743 | |
Byju's Alpha, Inc. Tranche B 1LN, term loan 3 month U.S. LIBOR + 8.000% 15.5% 11/24/26 (b)(c)(d) | 473,627 | 92,750 | |
Camelot U.S. Acquisition LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.0763% 1/31/31 (b)(c)(d) | 848,655 | 848,019 | |
Central Parent, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.000% 9.3094% 7/6/29 (b)(c)(d) | 544,743 | 546,132 | |
Cloud Software Group, Inc. Tranche B 1LN, term loan: | |||
CME Term SOFR 1 Month Index + 4.500% 9.9094% 3/30/29 (b)(c)(d) | 1,591,029 | 1,582,612 | |
CME Term SOFR 1 Month Index + 4.500% 9.9285% 3/19/31 (b)(c)(d) | 245,000 | 243,317 | |
Coherent Corp. Tranche B 1LN, term loan: | |||
CME Term SOFR 1 Month Index + 2.500% 7/2/29 (c)(d)(e) | 120,000 | 120,000 | |
CME Term SOFR 1 Month Index + 2.750% 8.1946% 7/1/29 (b)(c)(d) | 595,858 | 595,858 | |
CommScope, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6946% 4/4/26 (b)(c)(d) | 481,509 | 435,765 | |
ConnectWise LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 9.0635% 9/30/28 (b)(c)(d) | 615,293 | 614,715 | |
Constant Contact, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.5881% 2/10/28 (b)(c)(d) | 348,220 | 337,710 | |
Cotiviti, Inc.: | |||
Tranche 1LN, term loan NULL 7.625% 2/24/31 (d) | 160,000 | 160,200 | |
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 2/21/31 (c)(d)(e) | 970,000 | 967,575 | |
Dayforce, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.8302% 2/16/31 (b)(c)(d) | 220,000 | 219,589 | |
DCert Buyer, Inc.: | |||
1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.3302% 10/16/26 (b)(c)(d) | 1,259,441 | 1,252,527 | |
Tranche B 2LN, term loan CME Term SOFR 3 Month Index + 7.000% 12.3302% 2/19/29 (b)(c)(d) | 305,000 | 273,832 | |
DG Investment Intermediate Holdings, Inc.: | |||
2LN, term loan CME Term SOFR 1 Month Index + 6.750% 12.1946% 3/31/29 (b)(c)(d) | 95,000 | 88,439 | |
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1946% 3/31/28 (b)(c)(d) | 403,601 | 402,664 | |
Eos U.S. Finco LLC 1LN, term loan CME Term SOFR 3 Month Index + 6.000% 11.3094% 10/6/29 (b)(c)(d) | 133,830 | 109,205 | |
Epicor Software Corp. 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.0773% 7/31/27 (b)(c)(d) | 249,375 | 250,445 | |
Gen Digital, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.000% 7.4273% 9/12/29 (b)(c)(d) | 798,068 | 797,501 | |
Go Daddy Operating Co. LLC: | |||
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.000% 7.4446% 8/10/27 (b)(c)(d) | 360,937 | 360,970 | |
Tranche B5 1LN, term loan CME Term SOFR 1 Month Index + 2.000% 7.3302% 11/12/29 (b)(c)(d) | 280,790 | 280,476 | |
Helios Software Holdings, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.0747% 7/15/30 (b)(c)(d) | 169,351 | 167,552 | |
Icon Luxembourg Sarl Tranche B 1LN, term loan: | |||
CME Term SOFR 1 Month Index + 2.000% 7.3254% 7/3/28 (b)(c)(d) | 864,034 | 865,538 | |
CME Term SOFR 1 Month Index + 2.000% 7.3254% 7/3/28 (b)(c)(d) | 215,275 | 215,649 | |
McAfee Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1756% 3/1/29 (b)(c)(d) | 1,116,864 | 1,113,301 | |
MH Sub I LLC: | |||
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.5802% 5/3/28 (b)(c)(d) | 2,018,616 | 2,004,385 | |
Tranche B 2LN, term loan CME Term SOFR 1 Month Index + 6.250% 11.5802% 2/23/29 (b)(c)(d) | 250,000 | 239,910 | |
MKS Instruments, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.8226% 8/17/29 (b)(c)(d) | 661,500 | 660,951 | |
NCR Atleos Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.750% 10.1627% 3/27/29 (b)(c)(d) | 473,338 | 475,411 | |
Open Text Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.1773% 1/31/30 (b)(c)(d) | 830,114 | 831,061 | |
Peraton Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1802% 2/1/28 (b)(c)(d) | 1,648,646 | 1,645,563 | |
Pitney Bowes, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.4446% 3/19/28 (b)(c)(d) | 44,884 | 44,735 | |
Polaris Newco LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.5743% 6/2/28 (b)(c)(d) | 2,488,754 | 2,463,468 | |
Project Alpha Intermediate Holding, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.750% 10.0627% 10/26/30 (b)(c)(d) | 615,000 | 617,903 | |
Project Boost Purchaser LLC 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9407% 5/30/26 (b)(c)(d) | 358,125 | 358,637 | |
Proofpoint, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6946% 8/31/28 (b)(c)(d) | 745,059 | 745,066 | |
Rackspace Finance LLC Tranche B 1LN, term loan: | |||
CME Term SOFR 1 Month Index + 2.750% 8.1832% 5/15/28 (b)(c)(d) | 958,447 | 467,243 | |
CME Term SOFR 1 Month Index + 6.250% 11.6832% 5/15/28 (b)(c)(d) | 136,574 | 136,744 | |
RealPage, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4407% 4/22/28 (b)(c)(d) | 728,857 | 708,609 | |
Red Planet Borrower LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1773% 9/30/28 (b)(c)(d) | 375,119 | 368,352 | |
Renaissance Holdings Corp. Tranche 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.5773% 4/8/30 (b)(c)(d) | 741,479 | 742,406 | |
Roper Industrial Products Investment Co. 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.3019% 11/22/29 (b)(c)(d) | 158,404 | 159,263 | |
Sophia LP Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9302% 10/29/29 (b)(c)(d) | 741,482 | 744,262 | |
Sovos Compliance LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.500% 9.9446% 8/11/28 (b)(c)(d) | 65,360 | 64,699 | |
SS&C Technologies, Inc.: | |||
Tranche B 3LN, term loan CME Term SOFR 1 Month Index + 1.750% 7.1946% 4/16/25 (b)(c)(d) | 261,450 | 261,439 | |
Tranche B 4LN, term loan CME Term SOFR 1 Month Index + 1.750% 7.1946% 4/16/25 (b)(c)(d) | 246,852 | 246,843 | |
Tranche B 5LN, term loan CME Term SOFR 1 Month Index + 1.750% 7.1946% 4/16/25 (b)(c)(d) | 492,713 | 492,693 | |
Tempo Acquisition LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.0802% 8/31/28 (b)(c)(d) | 218,621 | 219,168 | |
TTM Technologies, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.0756% 5/30/30 (b)(c)(d) | 140,541 | 140,541 | |
UKG, Inc.: | |||
2LN, term loan CME Term SOFR 3 Month Index + 5.250% 10.6802% 5/3/27 (b)(c)(d) | 478,276 | 481,662 | |
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.8143% 2/10/31 (b)(c)(d) | 1,905,008 | 1,914,057 | |
Veritas U.S., Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.000% 10.4446% 9/1/25 (b)(c)(d) | 269,798 | 248,964 | |
Verscend Holding Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.4446% 8/27/25 (b)(c)(d) | 506,361 | 506,361 | |
VFH Parent LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4302% 1/13/29 (b)(c)(d) | 575,667 | 574,049 | |
VM Consolidated, Inc. Tranche B2 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.0773% 3/27/28 (b)(c)(d) | 287,882 | 288,818 | |
VS Buyer LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.5751% 2/28/27 (b)(c)(d) | 508,800 | 508,485 | |
Weber-Stephen Products LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6918% 10/30/27 (b)(c)(d) | 332,396 | 306,430 | |
Webpros Investments Sarl Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 3/19/31 (c)(d)(e) | 120,000 | 120,150 | |
Zelis Payments Buyer, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.0665% 9/28/29 (b)(c)(d) | 475,000 | 474,734 | |
TOTAL TECHNOLOGY | 37,711,911 | ||
Telecommunications - 3.4% | |||
Altice Financing SA Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.000% 10.314% 10/31/27 (b)(c)(d) | 470,250 | 439,684 | |
Altice France SA Tranche B14 1LN, term loan CME Term SOFR 1 Month Index + 5.500% 10.814% 8/15/28 (b)(c)(d) | 1,188,669 | 939,797 | |
Aventiv Technologies LLC: | |||
Tranche 1LN, term loan CME Term SOFR 1 Month Index + 4.890% 10.4998% 11/1/24 (b)(c)(d) | 712,990 | 527,256 | |
Tranche 2LN, term loan CME Term SOFR 1 Month Index + 8.650% 14.621% 11/1/25 (b)(c)(d) | 1,121,271 | 308,350 | |
Cablevision Lightpath LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6898% 11/30/27 (b)(c)(d) | 137,075 | 135,162 | |
Connect Finco SARL Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.500% 9/13/29 (c)(d)(e) | 165,000 | 162,154 | |
Connect U.S. Finco LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.8263% 12/12/26 (b)(c)(d) | 124,705 | 124,490 | |
Consolidated Communications, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9418% 10/2/27 (b)(c)(d) | 264,182 | 250,148 | |
Crown Subsea Communications Holding, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.750% 10.0674% 1/30/31 (b)(c)(d) | 730,000 | 733,650 | |
Frontier Communications Holdings LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1946% 10/8/27 (b)(c)(d) | 1,172,220 | 1,167,460 | |
GTT Communications, Inc. 1LN, term loan CME Term SOFR 3 Month Index + 9.000% 14.4094% 6/30/28 (b)(c)(d) | 146,861 | 102,803 | |
Gtt Remainco LLC 1LN, term loan CME Term SOFR 1 Month Index + 7.000% 12.4302% 12/30/27 (b)(c)(d) | 175,547 | 159,748 | |
Northwest Fiber LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1932% 4/30/27 (b)(c)(d) | 684,092 | 683,025 | |
Patagonia Holdco LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 5.750% 11.0643% 8/1/29 (b)(c)(d) | 431,231 | 397,811 | |
Radiate Holdco LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.250% 8.6946% 9/25/26 (b)(c)(d) | 432,659 | 360,976 | |
SBA Senior Finance II, LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.000% 7.33% 1/27/31 (b)(c)(d) | 225,000 | 225,351 | |
Windstream Services LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 6.250% 11.6802% 9/21/27 (b)(c)(d) | 85,587 | 83,322 | |
Zayo Group Holdings, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4446% 3/9/27 (b)(c)(d) | 1,763,763 | 1,543,628 | |
TOTAL TELECOMMUNICATIONS | 8,344,815 | ||
Textiles/Apparel - 0.5% | |||
Crocs, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.250% 7.5773% 2/20/29 (b)(c)(d) | 545,742 | 546,669 | |
Fanatics Commerce Intermediate Holdco LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.250% 8.6918% 11/23/28 (b)(c)(d) | 61,069 | 60,814 | |
Jo-Ann Stores LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.750% 10.3357% 7/7/28 (b)(c)(d) | 293,970 | 1,837 | |
Needle Holdings LLC term loan CME Term SOFR 1 Month Index + 9.500% 5/20/24 (c)(d)(e)(f) | 135,544 | 135,544 | |
Tory Burch LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.6918% 4/16/28 (b)(c)(d) | 427,900 | 426,830 | |
TOTAL TEXTILES/APPAREL | 1,171,694 | ||
Utilities - 1.3% | |||
Brookfield WEC Holdings, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.0773% 1/20/31 (b)(c)(d) | 993,461 | 992,020 | |
Generation Bridge Northeast LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 8.8263% 8/7/29 (b)(c)(d) | 275,243 | 275,158 | |
PG&E Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 7.8302% 6/23/27 (b)(c)(d) | 270,000 | 270,084 | |
Pike Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4407% 1/21/28 (b)(c)(d) | 154,589 | 155,008 | |
Sk Neptune Husky Finance Sarl Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 5.000% 10.4338% 1/3/29 (b)(c)(d) | 201,345 | 52,781 | |
Vertiv Group Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.9369% 3/2/27 (b)(c)(d) | 839,213 | 840,438 | |
Vistra Operations Co. LLC Tranche B 3LN, term loan CME Term SOFR 1 Month Index + 2.000% 7.3302% 12/20/30 (b)(c)(d) | 666,994 | 666,054 | |
TOTAL UTILITIES | 3,251,543 | ||
TOTAL BANK LOAN OBLIGATIONS (Cost $221,661,476) | 216,446,944 | ||
Nonconvertible Bonds - 5.2% | |||
Principal Amount (a) | Value ($) | ||
Aerospace - 0.1% | |||
TransDigm, Inc. 6.375% 3/1/29 (i) | 355,000 | 356,105 | |
Air Transportation - 0.1% | |||
American Airlines, Inc. / AAdvantage Loyalty IP Ltd. 5.5% 4/20/26 (i) | 123,750 | 122,907 | |
Delta Air Lines, Inc. / SkyMiles IP Ltd. 4.5% 10/20/25 (i) | 66,994 | 66,313 | |
TOTAL AIR TRANSPORTATION | 189,220 | ||
Automotive & Auto Parts - 0.7% | |||
Clarios Global LP / Clarios U.S. Finance Co. 6.75% 5/15/28 (i) | 150,000 | 152,044 | |
Rivian Holdco & Rivian LLC & Rivian Automotive LLC 6 month U.S. LIBOR + 5.620% 11.4932% 10/15/26 (b)(c)(i) | 1,635,000 | 1,644,321 | |
TOTAL AUTOMOTIVE & AUTO PARTS | 1,796,365 | ||
Broadcasting - 0.4% | |||
DISH Network Corp. 11.75% 11/15/27 (i) | 675,000 | 689,128 | |
Univision Communications, Inc. 6.625% 6/1/27 (i) | 255,000 | 249,399 | |
TOTAL BROADCASTING | 938,527 | ||
Building Materials - 0.1% | |||
Smyrna Ready Mix Concrete LLC 8.875% 11/15/31 (i) | 210,000 | 224,467 | |
Cable/Satellite TV - 0.2% | |||
CCO Holdings LLC/CCO Holdings Capital Corp.: | |||
5% 2/1/28 (i) | 140,000 | 130,327 | |
5.375% 6/1/29 (i) | 285,000 | 260,903 | |
TOTAL CABLE/SATELLITE TV | 391,230 | ||
Capital Goods - 0.0% | |||
Chart Industries, Inc. 7.5% 1/1/30 (i) | 30,000 | 31,153 | |
Chemicals - 0.1% | |||
Kronos Acquisition Holdings, Inc. / KIK Custom Products, Inc. 5% 12/31/26 (i) | 5,000 | 4,901 | |
Olympus Water U.S. Holding Corp. 9.75% 11/15/28 (i) | 200,000 | 213,043 | |
TOTAL CHEMICALS | 217,944 | ||
Containers - 0.2% | |||
Ardagh Packaging Finance PLC/Ardagh MP Holdings U.S.A., Inc. 4.125% 8/15/26 (i) | 415,000 | 375,456 | |
Energy - 0.5% | |||
Citgo Petroleum Corp.: | |||
6.375% 6/15/26 (i) | 35,000 | 35,104 | |
7% 6/15/25 (i) | 100,000 | 99,875 | |
8.375% 1/15/29 (i) | 250,000 | 262,660 | |
New Fortress Energy, Inc.: | |||
6.5% 9/30/26 (i) | 519,000 | 499,714 | |
6.75% 9/15/25 (i) | 120,000 | 119,182 | |
Transocean Poseidon Ltd. 6.875% 2/1/27 (i) | 94,500 | 94,608 | |
TOTAL ENERGY | 1,111,143 | ||
Gaming - 0.6% | |||
Caesars Entertainment, Inc. 7% 2/15/30 (i) | 135,000 | 138,575 | |
Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc. 4.625% 1/15/29 (i) | 875,000 | 802,354 | |
Golden Entertainment, Inc. 7.625% 4/15/26 (i) | 250,000 | 250,029 | |
Ontario Gaming Gta LP/Otg Co.-I 8% 8/1/30 (i) | 10,000 | 10,300 | |
Sugarhouse HSP Gaming Prop Mezz LP/Sugarhouse HSP Gaming Finance Corp. 5.875% 5/15/25 (i) | 300,000 | 299,237 | |
VICI Properties LP / VICI Note Co.: | |||
3.5% 2/15/25 (i) | 35,000 | 34,232 | |
4.25% 12/1/26 (i) | 50,000 | 48,073 | |
TOTAL GAMING | 1,582,800 | ||
Healthcare - 0.0% | |||
Medline Borrower LP / Medline Co. 6.25% 4/1/29 (i) | 85,000 | 85,381 | |
Homebuilders/Real Estate - 0.3% | |||
MPT Operating Partnership LP/MPT Finance Corp. 5% 10/15/27 | 435,000 | 364,313 | |
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC 10.5% 2/15/28 (i) | 335,000 | 347,304 | |
TOTAL HOMEBUILDERS/REAL ESTATE | 711,617 | ||
Insurance - 0.1% | |||
Alliant Holdings Intermediate LLC/Alliant Holdings Co.-Issuer 6.75% 4/15/28 (i) | 295,000 | 297,082 | |
Leisure - 0.1% | |||
Carnival Corp. 7.625% 3/1/26 (i) | 80,000 | 80,941 | |
Royal Caribbean Cruises Ltd. 8.25% 1/15/29 (i) | 145,000 | 153,503 | |
TOTAL LEISURE | 234,444 | ||
Metals/Mining - 0.0% | |||
Arsenal AIC Parent LLC 8% 10/1/30 (i) | 15,000 | 15,748 | |
Paper - 0.1% | |||
Ardagh Metal Packaging Finance U.S.A. LLC/Ardagh Metal Packaging Finance PLC 3.25% 9/1/28 (i) | 135,000 | 116,616 | |
Services - 0.1% | |||
Brand Industrial Services, Inc. 10.375% 8/1/30 (i) | 90,000 | 97,440 | |
Neptune BidCo U.S., Inc. 9.29% 4/15/29 (i) | 120,000 | 113,250 | |
TOTAL SERVICES | 210,690 | ||
Super Retail - 0.2% | |||
EG Global Finance PLC 12% 11/30/28 (i) | 365,000 | 387,972 | |
Staples, Inc. 7.5% 4/15/26 (i) | 145,000 | 141,516 | |
TOTAL SUPER RETAIL | 529,488 | ||
Technology - 0.1% | |||
Cloud Software Group, Inc. 9% 9/30/29 (i) | 160,000 | 153,459 | |
CNT PRNT/CDK GLO II/FIN 8% 6/15/29 (i) | 80,000 | 82,931 | |
TOTAL TECHNOLOGY | 236,390 | ||
Telecommunications - 1.2% | |||
Altice Financing SA 5.75% 8/15/29 (i) | 1,000,000 | 801,241 | |
Altice France SA: | |||
5.125% 1/15/29 (i) | 80,000 | 54,804 | |
5.125% 7/15/29 (i) | 145,000 | 98,025 | |
5.5% 1/15/28 (i) | 1,000,000 | 710,243 | |
Frontier Communications Holdings LLC 5% 5/1/28 (i) | 160,000 | 148,514 | |
Intelsat Jackson Holdings SA 6.5% 3/15/30 (i) | 535,000 | 497,052 | |
LCPR Senior Secured Financing DAC 6.75% 10/15/27 (i) | 220,000 | 206,474 | |
Windstream Escrow LLC 7.75% 8/15/28 (i) | 500,000 | 462,785 | |
TOTAL TELECOMMUNICATIONS | 2,979,138 | ||
TOTAL NONCONVERTIBLE BONDS (Cost $13,200,112) | 12,631,004 | ||
Common Stocks - 1.5% | |||
Shares | Value ($) | ||
Capital Goods - 0.1% | |||
TNT Crane & Rigging LLC (f)(j) | 24,748 | 192,787 | |
TNT Crane & Rigging LLC warrants 10/31/25 (f)(j) | 3,037 | 30 | |
TOTAL CAPITAL GOODS | 192,817 | ||
Diversified Financial Services - 0.3% | |||
ACNR Holdings, Inc. (f) | 8,389 | 749,389 | |
Carnelian Point Holdings LP warrants (f)(j) | 367 | 1,072 | |
Lime Tree Bay Ltd. (f)(j) | 153 | 9,842 | |
TOTAL DIVERSIFIED FINANCIAL SERVICES | 760,303 | ||
Electric Utilities No Longer Use - 0.0% | |||
TexGen Power LLC (f) | 25,327 | 25,803 | |
Energy - 0.9% | |||
California Resources Corp. | 10,479 | 577,393 | |
California Resources Corp. warrants 10/27/24 (j) | 920 | 17,995 | |
Chesapeake Energy Corp. (k) | 9,834 | 873,554 | |
Chesapeake Energy Corp. (l) | 137 | 12,170 | |
EP Energy Corp. (f)(j) | 3,190 | 5,583 | |
Exxon Mobil Corp. | 6,304 | 732,777 | |
TOTAL ENERGY | 2,219,472 | ||
Entertainment/Film - 0.0% | |||
New Cineworld Ltd. (f) | 7,038 | 125,417 | |
Restaurants - 0.1% | |||
Old Claimco LLC (f)(j) | 15,069 | 275,913 | |
Telecommunications - 0.1% | |||
GTT Communications, Inc. (f)(j) | 3,248 | 135,864 | |
TOTAL COMMON STOCKS (Cost $2,508,392) | 3,735,589 | ||
Preferred Securities - 0.6% | |||
Principal Amount (a) | Value ($) | ||
Banks & Thrifts - 0.3% | |||
Bank of America Corp. 6.25% (b)(m) | 295,000 | 296,688 | |
JPMorgan Chase & Co.: | |||
CME Term SOFR 3 Month Index + 3.560% 8.868% (b)(c)(m) | 130,000 | 131,698 | |
6.1% (b)(m) | 154,000 | 158,733 | |
9.348% (b)(c)(m) | 171,000 | 173,859 | |
TOTAL BANKS & THRIFTS | 760,978 | ||
Energy - 0.3% | |||
Energy Transfer LP 3 month U.S. LIBOR + 4.020% 9.5966% (b)(c)(m) | 785,000 | 791,287 | |
TOTAL PREFERRED SECURITIES (Cost $1,477,488) | 1,552,265 | ||
Money Market Funds - 7.3% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (n) | 17,127,162 | 17,130,587 | |
Fidelity Securities Lending Cash Central Fund 5.39% (n)(o) | 877,012 | 877,100 | |
TOTAL MONEY MARKET FUNDS (Cost $18,007,409) | 18,007,687 | ||
TOTAL INVESTMENT IN SECURITIES - 102.7% (Cost $256,854,877) | 252,373,489 |
NET OTHER ASSETS (LIABILITIES) - (2.7)% | (6,663,086) |
NET ASSETS - 100.0% | 245,710,403 |
(a) | Amount is stated in United States dollars unless otherwise noted. |
(b) | Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end. |
(c) | Coupon is indexed to a floating interest rate which may be multiplied by a specified factor and/or subject to caps or floors. |
(d) | Remaining maturities of bank loan obligations may be less than the stated maturities shown as a result of contractual or optional prepayments by the borrower. Such prepayments cannot be predicted with certainty. |
(e) | The coupon rate will be determined upon settlement of the loan after period end. |
(f) | Level 3 security |
(g) | Non-income producing - Security is in default. |
(h) | Position or a portion of the position represents an unfunded loan commitment. At period end, the total principal amount and market value of unfunded commitments totaled $128,026 and $128,441, respectively. |
(i) | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $12,266,691 or 5.0% of net assets. |
(j) | Non-income producing |
(k) | Security or a portion of the security is on loan at period end. |
(l) | Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $12,170 or 0.0% of net assets. |
(m) | Security is perpetual in nature with no stated maturity date. |
(n) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(o) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
Chesapeake Energy Corp. | 2/10/21 | 1,297 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 12,372,947 | 37,829,004 | 33,071,364 | 411,607 | - | - | 17,130,587 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.39% | 867,300 | 616,018 | 606,218 | 317 | - | - | 877,100 | 0.0% |
Total | 13,240,247 | 38,445,022 | 33,677,582 | 411,924 | - | - | 18,007,687 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 125,417 | - | - | 125,417 |
Consumer Discretionary | 275,913 | - | - | 275,913 |
Energy | 2,219,472 | 2,213,889 | - | 5,583 |
Financials | 760,303 | - | - | 760,303 |
Industrials | 192,817 | - | - | 192,817 |
Information Technology | 135,864 | - | - | 135,864 |
Utilities | 25,803 | - | - | 25,803 |
Bank Loan Obligations | 216,446,944 | - | 215,538,478 | 908,466 |
Corporate Bonds | 12,631,004 | - | 12,631,004 | - |
Preferred Securities | 1,552,265 | - | 1,552,265 | - |
Money Market Funds | 18,007,687 | 18,007,687 | - | - |
Total Investments in Securities: | 252,373,489 | 20,221,576 | 229,721,747 | 2,430,166 |
Investments in Securities: | |||
Beginning Balance | $ | 4,596,155 | |
Net Realized Gain (Loss) on Investment Securities | 253,166 | ||
Net Unrealized Gain (Loss) on Investment Securities | (185,472) | ||
Cost of Purchases | 219,943 | ||
Proceeds of Sales | (2,027,848) | ||
Amortization/Accretion | 7,134 | ||
Transfers into Level 3 | 146,396 | ||
Transfers out of Level 3 | (579,308) | ||
Ending Balance | $ | 2,430,166 | |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at March 31, 2024 | $ | 695,335 | |
The information used in the above reconciliation represents fiscal year to date activity for any Investments in Securities identified as using Level 3 inputs at either the beginning or the end of the current fiscal period. Cost of purchases and proceeds of sales may include securities received and/or delivered through in-kind transactions, corporate actions or exchanges. Transfers into Level 3 were attributable to a lack of observable market data resulting from decreases in market activity, decreases in liquidity, security restructurings or corporate actions. Transfers out of Level 3 were attributable to observable market data becoming available for those securities. Transfers in or out of Level 3 represent the beginning value of any Security or Instrument where a change in the pricing level occurred from the beginning to the end of the period. Realized and unrealized gains (losses) disclosed in the reconciliation are included in Net Gain (Loss) on the Fund's Statement of Operations. |
Statement of Assets and Liabilities | ||||
March 31, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $870,534) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $238,847,468) | $ | 234,365,802 | ||
Fidelity Central Funds (cost $18,007,409) | 18,007,687 | |||
Total Investment in Securities (cost $256,854,877) | $ | 252,373,489 | ||
Cash | 636,569 | |||
Receivable for investments sold | 1,133,674 | |||
Receivable for fund shares sold | 356,652 | |||
Dividends receivable | 78 | |||
Interest receivable | 2,206,734 | |||
Distributions receivable from Fidelity Central Funds | 92,852 | |||
Receivable from investment adviser for expense reductions | 6,930 | |||
Total assets | 256,806,978 | |||
Liabilities | ||||
Payable for investments purchased | $ | 10,141,967 | ||
Payable for fund shares redeemed | 48,157 | |||
Other payables and accrued expenses | 29,351 | |||
Collateral on securities loaned | 877,100 | |||
Total liabilities | 11,096,575 | |||
Net Assets | $ | 245,710,403 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 281,566,709 | ||
Total accumulated earnings (loss) | (35,856,306) | |||
Net Assets | $ | 245,710,403 | ||
Net Asset Value, offering price and redemption price per share ($245,710,403 ÷ 27,164,090 shares) | $ | 9.05 |
Statement of Operations | ||||
Six months ended March 31, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 111,192 | ||
Interest | 10,405,360 | |||
Income from Fidelity Central Funds (including $317 from security lending) | 411,924 | |||
Total income | 10,928,476 | |||
Expenses | ||||
Custodian fees and expenses | $ | 30,531 | ||
Independent trustees' fees and expenses | 572 | |||
Legal | 9,180 | |||
Total expenses before reductions | 40,283 | |||
Expense reductions | (38,786) | |||
Total expenses after reductions | 1,497 | |||
Net Investment income (loss) | 10,926,979 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 593,100 | |||
Total net realized gain (loss) | 593,100 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 1,020,501 | |||
Unfunded commitments | (2,245) | |||
Total change in net unrealized appreciation (depreciation) | 1,018,256 | |||
Net gain (loss) | 1,611,356 | |||
Net increase (decrease) in net assets resulting from operations | $ | 12,538,335 |
Statement of Changes in Net Assets | ||||
Six months ended March 31, 2024 (Unaudited) | Year ended September 30, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 10,926,979 | $ | 18,839,433 |
Net realized gain (loss) | 593,100 | (758,597) | ||
Change in net unrealized appreciation (depreciation) | 1,018,256 | 8,866,383 | ||
Net increase (decrease) in net assets resulting from operations | 12,538,335 | 26,947,219 | ||
Distributions to shareholders | (12,189,657) | (18,798,136) | ||
Share transactions | ||||
Proceeds from sales of shares | 30,443,802 | 29,262,173 | ||
Reinvestment of distributions | 12,189,591 | 18,773,691 | ||
Cost of shares redeemed | (21,988,999) | (48,814,273) | ||
Net increase (decrease) in net assets resulting from share transactions | 20,644,394 | (778,409) | ||
Total increase (decrease) in net assets | 20,993,072 | 7,370,674 | ||
Net Assets | ||||
Beginning of period | 224,717,331 | 217,346,657 | ||
End of period | $ | 245,710,403 | $ | 224,717,331 |
Other Information | ||||
Shares | ||||
Sold | 3,377,343 | 3,301,623 | ||
Issued in reinvestment of distributions | 1,352,464 | 2,109,003 | ||
Redeemed | (2,441,436) | (5,526,925) | ||
Net increase (decrease) | 2,288,371 | (116,299) | ||
Fidelity® Series Floating Rate High Income Fund |
Six months ended (Unaudited) March 31, 2024 | Years ended September 30, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 9.03 | $ | 8.70 | $ | 9.30 | $ | 8.86 | $ | 9.29 | $ | 9.52 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .427 | .777 | .457 | .388 | .463 | .547 | ||||||
Net realized and unrealized gain (loss) | .071 | .328 | (.607) | .435 | (.439) | (.131) | ||||||
Total from investment operations | .498 | 1.105 | (.150) | .823 | .024 | .416 | ||||||
Distributions from net investment income | (.478) | (.775) | (.450) | (.383) | (.454) | (.646) | ||||||
Total distributions | (.478) | (.775) | (.450) | (.383) | (.454) | (.646) | ||||||
Net asset value, end of period | $ | 9.05 | $ | 9.03 | $ | 8.70 | $ | 9.30 | $ | 8.86 | $ | 9.29 |
Total Return C,D | 5.66 % | 13.20% | (1.69)% | 9.44% | .37% | 4.61% | ||||||
Ratios to Average Net Assets B,E,F | ||||||||||||
Expenses before reductions | .03% G | .03% | .03% | .01% | .01% | .01% | ||||||
Expenses net of fee waivers, if any | - % G,H | -% H | -% H | -% H | .01% | .01% | ||||||
Expenses net of all reductions | -% G,H | -% H | -% H | -% H | .01% | .01% | ||||||
Net investment income (loss) | 9.47% G | 8.74% | 5.02% | 4.24% | 5.22% | 5.87% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 245,710 | $ | 224,717 | $ | 217,347 | $ | 285,534 | $ | 269,060 | $ | 264,583 |
Portfolio turnover rate I | 41 % G | 30% | 28% | 45% | 37% | 33% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $5,072,644 |
Gross unrealized depreciation | (9,563,024) |
Net unrealized appreciation (depreciation) | $(4,490,380) |
Tax cost | $256,863,869 |
Short-term | $(97,007) |
Long-term | (31,585,312) |
Total capital loss carryforward | $(31,682,319) |
Purchases ($) | Sales ($) | |
Fidelity Series Floating Rate High Income Fund | 60,953,643 | 45,415,861 |
Amount ($) | |
Fidelity Series Floating Rate High Income Fund | 1 |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity Series Floating Rate High Income Fund | 32 | - | - |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (October 1, 2023 to March 31, 2024). |
Annualized Expense Ratio- A | Beginning Account Value October 1, 2023 | Ending Account Value March 31, 2024 | Expenses Paid During Period- C October 1, 2023 to March 31, 2024 | |||||||
Fidelity® Series Floating Rate High Income Fund | -%-D | |||||||||
Actual | $ 1,000 | $ 1,056.60 | $-E | |||||||
Hypothetical-B | $ 1,000 | $ 1,025.00 | $-E | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Item 2.
Code of Ethics
Not applicable.
Item 3.
Audit Committee Financial Expert
Not applicable.
Item 4.
Principal Accountant Fees and Services
Not applicable.
Item 5.
Audit Committee of Listed Registrants
Not applicable.
Item 6.
Investments
(a)
Not applicable.
(b)
Not applicable
Item 7.
Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies
Not applicable.
Item 8.
Portfolio Managers of Closed-End Management Investment Companies
Not applicable.
Item 9.
Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers
Not applicable.
Item 10.
Submission of Matters to a Vote of Security Holders
There were no material changes to the procedures by which shareholders may recommend nominees to the Fidelity Summer Street Trust’s Board of Trustees.
Item 11.
Controls and Procedures
(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Summer Street Trust’s (the “Trust”) disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable
assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.
(a)(ii) There was no change in the Trust’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Trust’s internal control over financial reporting.
Item 12.
Disclosure of Securities Lending Activities for Closed-End Management
Investment Companies
Not applicable.
Item 18.
Recovery of Erroneously Awarded Compensation
(a)
Not applicable.
(b)
Not applicable.
Item 19.
Exhibits
(a) | (1) | Not applicable. |
(a) | (2) | |
(a) | (3) | Not applicable. |
(b) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Fidelity Summer Street Trust
By: | /s/Stacie M. Smith |
Stacie M. Smith | |
President and Treasurer (Principal Executive Officer) | |
Date: | May 22, 2024 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/Stacie M. Smith |
Stacie M. Smith | |
President and Treasurer (Principal Executive Officer) | |
Date: | May 22, 2024 |
By: | /s/John J. Burke III |
John J. Burke III | |
Chief Financial Officer (Principal Financial Officer) | |
Date: | May 22, 2024 |