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 811-03785
Fidelity Advisor Series I
(Exact name of registrant as specified in charter)
245 Summer St., Boston, Massachusetts 02210
(Address of principal executive offices) (Zip code)
Cynthia Lo Bessette, 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: | October 31 |
Date of reporting period: | October 31, 2022 |
Item 1.
Reports to Stockholders
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Contents
Board Approval of Investment Advisory Contracts and Management Fees |
Average Annual Total Returns | |||
Periods ended October 31, 2022 | Past 1 year | Past 5 years | Past 10 years |
Class A (incl.5.75% sales charge) | -12.58% | 7.05% | 10.23% |
Class M (incl.3.50% sales charge) | -10.70% | 7.28% | 10.20% |
Class C (incl. contingent deferred sales charge) | -8.82% | 7.47% | 10.19% |
Class I | -6.99% | 8.64% | 11.20% |
Class Z | -6.86% | 8.77% | 11.28% |
$10,000 Over 10 Years |
Let's say hypothetically that $10,000 was invested in Fidelity Advisor® Value Fund - Class A, on October 31, 2012, and the current 5.75% sales charge was paid. The chart shows how the value of your investment would have changed, and also shows how the Russell Midcap® Value Index performed over the same period. |
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Top Holdings (% of Fund's net assets) | ||
Antero Resources Corp. | 1.6 | |
Hess Corp. | 1.4 | |
Edison International | 1.3 | |
The AES Corp. | 1.2 | |
PG&E Corp. | 1.2 | |
CubeSmart | 1.1 | |
Entergy Corp. | 1.0 | |
The Travelers Companies, Inc. | 0.9 | |
Denbury, Inc. | 0.9 | |
Cenovus Energy, Inc. (Canada) | 0.9 | |
11.5 | ||
Market Sectors (% of Fund's net assets) | ||
Industrials | 15.1 | |
Consumer Discretionary | 14.8 | |
Financials | 13.4 | |
Energy | 13.4 | |
Materials | 12.4 | |
Health Care | 6.6 | |
Utilities | 6.5 | |
Real Estate | 5.3 | |
Information Technology | 5.1 | |
Communication Services | 2.8 | |
Consumer Staples | 2.5 | |
Asset Allocation (% of Fund's net assets) |
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Foreign investments - 14.5% |
Geographic Diversification (% of Fund's net assets) |
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* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are based on country or territory of incorporation and are adjusted for the effect of futures contracts, if applicable. |
Common Stocks - 97.9% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 2.8% | |||
Diversified Telecommunication Services - 0.4% | |||
Cellnex Telecom SA (a) | 41,920 | 1,372,053 | |
Interactive Media & Services - 0.2% | |||
Ziff Davis, Inc. (b) | 12,370 | 957,314 | |
Media - 2.2% | |||
DISH Network Corp. Class A (b) | 34,105 | 508,506 | |
Interpublic Group of Companies, Inc. | 65,398 | 1,948,206 | |
Liberty Broadband Corp. Class C (b) | 17,000 | 1,435,310 | |
News Corp. Class A | 51,681 | 871,858 | |
Nexstar Broadcasting Group, Inc. Class A | 8,443 | 1,446,286 | |
Scholastic Corp. | 34,935 | 1,332,421 | |
Thryv Holdings, Inc. (b) | 57,681 | 1,180,153 | |
8,722,740 | |||
TOTAL COMMUNICATION SERVICES | 11,052,107 | ||
CONSUMER DISCRETIONARY - 14.8% | |||
Auto Components - 1.2% | |||
Adient PLC (b) | 54,872 | 1,919,423 | |
Autoliv, Inc. | 26,025 | 2,091,109 | |
Cie Automotive SA | 26,270 | 668,245 | |
4,678,777 | |||
Automobiles - 0.7% | |||
Harley-Davidson, Inc. | 60,868 | 2,617,324 | |
Diversified Consumer Services - 0.8% | |||
Adtalem Global Education, Inc. (b) | 47,709 | 1,989,465 | |
Frontdoor, Inc. (b) | 47,742 | 1,053,189 | |
3,042,654 | |||
Hotels, Restaurants & Leisure - 2.8% | |||
ARAMARK Holdings Corp. | 57,008 | 2,080,792 | |
Brinker International, Inc. (b) | 18,508 | 617,982 | |
Caesars Entertainment, Inc. (b) | 53,019 | 2,318,521 | |
Hilton Grand Vacations, Inc. (b) | 28,810 | 1,130,504 | |
Hyatt Hotels Corp. Class A (b) | 14,984 | 1,411,643 | |
Light & Wonder, Inc. Class A (b) | 26,346 | 1,479,064 | |
Red Rock Resorts, Inc. (c) | 53,100 | 2,211,615 | |
11,250,121 | |||
Household Durables - 1.3% | |||
KB Home | 51,169 | 1,474,691 | |
Mohawk Industries, Inc. (b) | 16,850 | 1,596,538 | |
Tempur Sealy International, Inc. | 80,602 | 2,167,388 | |
5,238,617 | |||
Internet & Direct Marketing Retail - 0.5% | |||
eBay, Inc. | 50,017 | 1,992,677 | |
Leisure Products - 0.5% | |||
Mattel, Inc. (b) | 111,311 | 2,110,457 | |
Multiline Retail - 2.1% | |||
Dollar Tree, Inc. (b) | 18,195 | 2,883,908 | |
Franchise Group, Inc. (c) | 68,360 | 2,074,726 | |
Kohl's Corp. | 75,140 | 2,250,443 | |
Nordstrom, Inc. (c) | 63,305 | 1,287,624 | |
8,496,701 | |||
Specialty Retail - 4.3% | |||
Academy Sports & Outdoors, Inc. | 20,089 | 884,519 | |
American Eagle Outfitters, Inc. (c) | 240,950 | 2,737,192 | |
Bath & Body Works, Inc. | 62,486 | 2,085,783 | |
Camping World Holdings, Inc. | 55,622 | 1,547,960 | |
Lithia Motors, Inc. Class A (sub. vtg.) | 7,646 | 1,515,055 | |
Rent-A-Center, Inc. | 84,064 | 1,752,734 | |
Sally Beauty Holdings, Inc. (b) | 59,650 | 758,152 | |
Signet Jewelers Ltd. (c) | 28,368 | 1,850,728 | |
Victoria's Secret & Co. (b) | 83,134 | 3,125,838 | |
Williams-Sonoma, Inc. (c) | 5,345 | 661,871 | |
16,919,832 | |||
Textiles, Apparel & Luxury Goods - 0.6% | |||
Capri Holdings Ltd. (b) | 53,918 | 2,462,974 | |
TOTAL CONSUMER DISCRETIONARY | 58,810,134 | ||
CONSUMER STAPLES - 2.5% | |||
Beverages - 0.4% | |||
Primo Water Corp. | 110,140 | 1,606,943 | |
Food & Staples Retailing - 0.8% | |||
U.S. Foods Holding Corp. (b) | 104,747 | 3,117,271 | |
Food Products - 0.7% | |||
Darling Ingredients, Inc. (b) | 39,249 | 3,080,262 | |
Household Products - 0.3% | |||
Energizer Holdings, Inc. | 38,960 | 1,125,554 | |
Personal Products - 0.3% | |||
Herbalife Nutrition Ltd. (b) | 53,752 | 1,142,768 | |
TOTAL CONSUMER STAPLES | 10,072,798 | ||
ENERGY - 13.4% | |||
Energy Equipment & Services - 2.7% | |||
Halliburton Co. | 76,532 | 2,787,295 | |
Liberty Oilfield Services, Inc. Class A | 81,192 | 1,372,957 | |
TechnipFMC PLC (b) | 316,235 | 3,348,929 | |
Tenaris SA | 153,990 | 2,410,122 | |
Valaris Ltd. (b) | 12,420 | 831,271 | |
10,750,574 | |||
Oil, Gas & Consumable Fuels - 10.7% | |||
Antero Resources Corp. (b) | 173,778 | 6,370,695 | |
APA Corp. | 13,567 | 616,756 | |
Canadian Natural Resources Ltd. | 44,076 | 2,643,557 | |
Cenovus Energy, Inc. (Canada) | 173,343 | 3,504,141 | |
Chesapeake Energy Corp. | 8,780 | 897,931 | |
Denbury, Inc. (b) | 39,237 | 3,586,654 | |
Devon Energy Corp. | 14,757 | 1,141,454 | |
Diamondback Energy, Inc. | 4,095 | 643,365 | |
Energy Transfer LP | 177,866 | 2,271,349 | |
EQT Corp. | 18,347 | 767,638 | |
Genesis Energy LP | 180,987 | 2,079,541 | |
Hess Corp. | 39,214 | 5,532,311 | |
HF Sinclair Corp. | 47,278 | 2,891,995 | |
Imperial Oil Ltd. | 40,891 | 2,224,415 | |
Kosmos Energy Ltd. (b) | 320,644 | 2,080,980 | |
Targa Resources Corp. | 24,385 | 1,667,202 | |
The Williams Companies, Inc. | 20,029 | 655,549 | |
Tourmaline Oil Corp. | 35,455 | 1,997,670 | |
Valero Energy Corp. | 7,833 | 983,433 | |
42,556,636 | |||
TOTAL ENERGY | 53,307,210 | ||
FINANCIALS - 13.4% | |||
Banks - 3.8% | |||
Bank of Kyoto Ltd. | 17,072 | 615,393 | |
East West Bancorp, Inc. | 43,480 | 3,111,864 | |
First Citizens Bancshares, Inc. | 2,769 | 2,276,450 | |
First Citizens Bancshares, Inc. Class B | 210 | 148,470 | |
M&T Bank Corp. | 19,987 | 3,365,211 | |
PacWest Bancorp | 54,639 | 1,358,326 | |
Signature Bank | 20,036 | 3,176,307 | |
Wintrust Financial Corp. | 11,915 | 1,115,482 | |
15,167,503 | |||
Capital Markets - 2.4% | |||
Ameriprise Financial, Inc. | 8,985 | 2,777,443 | |
Lazard Ltd. Class A | 39,152 | 1,476,422 | |
LPL Financial | 12,972 | 3,316,292 | |
Northern Trust Corp. | 1,300 | 109,655 | |
Petershill Partners PLC (a) | 373,594 | 849,163 | |
State Street Corp. | 12,000 | 888,000 | |
9,416,975 | |||
Consumer Finance - 1.3% | |||
OneMain Holdings, Inc. | 61,367 | 2,366,312 | |
SLM Corp. | 182,030 | 3,019,878 | |
5,386,190 | |||
Diversified Financial Services - 1.5% | |||
Apollo Global Management, Inc. | 57,621 | 3,189,899 | |
Corebridge Financial, Inc. | 14,960 | 339,143 | |
ECN Capital Corp. | 148,058 | 446,668 | |
Equitable Holdings, Inc. | 64,018 | 1,960,231 | |
5,935,941 | |||
Insurance - 3.1% | |||
AMBAC Financial Group, Inc. (b) | 19,101 | 268,369 | |
American Financial Group, Inc. | 13,063 | 1,895,572 | |
Arch Capital Group Ltd. (b) | 35,818 | 2,059,535 | |
Assurant, Inc. | 15,090 | 2,050,127 | |
First American Financial Corp. | 20,519 | 1,034,158 | |
Reinsurance Group of America, Inc. | 8,987 | 1,322,617 | |
The Travelers Companies, Inc. | 20,590 | 3,798,031 | |
12,428,409 | |||
Thrifts & Mortgage Finance - 1.3% | |||
Axos Financial, Inc. (b) | 61,811 | 2,408,157 | |
Essent Group Ltd. | 25,103 | 993,577 | |
Walker & Dunlop, Inc. | 18,819 | 1,692,957 | |
5,094,691 | |||
TOTAL FINANCIALS | 53,429,709 | ||
HEALTH CARE - 6.6% | |||
Biotechnology - 0.7% | |||
Biogen, Inc. (b) | 1,620 | 459,173 | |
BioMarin Pharmaceutical, Inc. (b) | 1,799 | 155,847 | |
Horizon Therapeutics PLC (b) | 1,531 | 95,412 | |
Poseida Therapeutics, Inc. (b) | 19,940 | 81,754 | |
United Therapeutics Corp. (b) | 8,286 | 1,910,172 | |
2,702,358 | |||
Health Care Equipment & Supplies - 0.4% | |||
Dentsply Sirona, Inc. | 13,960 | 430,247 | |
STERIS PLC | 2,070 | 357,241 | |
Teleflex, Inc. | 1,562 | 335,143 | |
The Cooper Companies, Inc. | 1,518 | 415,006 | |
Zimmer Biomet Holdings, Inc. | 1,847 | 209,357 | |
1,746,994 | |||
Health Care Providers & Services - 3.6% | |||
AdaptHealth Corp. (b) | 118,992 | 2,713,018 | |
agilon health, Inc. (b) | 3,845 | 76,323 | |
AmerisourceBergen Corp. | 3,598 | 565,678 | |
Centene Corp. (b) | 29,113 | 2,478,390 | |
Cigna Corp. | 9,039 | 2,920,139 | |
Laboratory Corp. of America Holdings | 10,429 | 2,313,778 | |
Molina Healthcare, Inc. (b) | 1,451 | 520,706 | |
Oak Street Health, Inc. (b) | 5,162 | 104,427 | |
Owens & Minor, Inc. | 25,295 | 430,015 | |
Quest Diagnostics, Inc. | 1,257 | 180,568 | |
R1 Rcm, Inc. (b) | 8,388 | 148,132 | |
Tenet Healthcare Corp. (b) | 40,065 | 1,777,283 | |
14,228,457 | |||
Health Care Technology - 0.0% | |||
Evolent Health, Inc. (b) | 2,616 | 83,215 | |
Life Sciences Tools & Services - 0.9% | |||
Agilent Technologies, Inc. | 2,790 | 385,997 | |
Avantor, Inc. (b) | 6,692 | 134,978 | |
Bio-Rad Laboratories, Inc. Class A (b) | 1,066 | 374,923 | |
Charles River Laboratories International, Inc. (b) | 577 | 122,468 | |
IQVIA Holdings, Inc. (b) | 1,222 | 256,217 | |
PerkinElmer, Inc. (c) | 2,685 | 358,662 | |
Syneos Health, Inc. (b) | 41,050 | 2,068,099 | |
3,701,344 | |||
Pharmaceuticals - 1.0% | |||
Catalent, Inc. (b) | 3,686 | 242,281 | |
Elanco Animal Health, Inc. (b) | 41,410 | 546,198 | |
Jazz Pharmaceuticals PLC (b) | 17,983 | 2,585,776 | |
Royalty Pharma PLC | 12,173 | 515,161 | |
3,889,416 | |||
TOTAL HEALTH CARE | 26,351,784 | ||
INDUSTRIALS - 15.1% | |||
Air Freight & Logistics - 0.6% | |||
Deutsche Post AG | 6,030 | 213,159 | |
FedEx Corp. | 13,044 | 2,090,692 | |
2,303,851 | |||
Building Products - 0.9% | |||
Builders FirstSource, Inc. (b) | 41,505 | 2,559,198 | |
UFP Industries, Inc. | 11,477 | 817,507 | |
3,376,705 | |||
Commercial Services & Supplies - 0.9% | |||
HNI Corp. | 35,069 | 1,016,650 | |
The Brink's Co. | 43,695 | 2,605,533 | |
3,622,183 | |||
Construction & Engineering - 3.0% | |||
API Group Corp. (b) | 124,165 | 2,047,481 | |
Fluor Corp. (b) | 101,770 | 3,079,560 | |
Granite Construction, Inc. | 69,663 | 2,349,733 | |
MDU Resources Group, Inc. | 67,421 | 1,920,150 | |
Willscot Mobile Mini Holdings (b) | 62,492 | 2,657,785 | |
12,054,709 | |||
Electrical Equipment - 1.9% | |||
Array Technologies, Inc. (b) | 119,470 | 2,162,407 | |
GrafTech International Ltd. | 261,845 | 1,332,791 | |
Regal Rexnord Corp. | 21,989 | 2,782,488 | |
Sensata Technologies, Inc. PLC | 30,470 | 1,225,199 | |
7,502,885 | |||
Machinery - 3.5% | |||
Allison Transmission Holdings, Inc. | 55,244 | 2,334,059 | |
Crane Holdings Co. | 25,054 | 2,513,918 | |
Flowserve Corp. | 82,655 | 2,370,545 | |
Kennametal, Inc. | 95,490 | 2,550,538 | |
Oshkosh Corp. | 18,384 | 1,617,792 | |
Timken Co. | 34,300 | 2,445,247 | |
13,832,099 | |||
Professional Services - 0.6% | |||
Manpower, Inc. | 31,939 | 2,502,101 | |
Road & Rail - 2.1% | |||
AMERCO | 3,320 | 1,909,631 | |
FTAI Infrastructure LLC | 52,824 | 145,266 | |
Ryder System, Inc. | 26,652 | 2,145,753 | |
TFI International, Inc. (Canada) | 17,683 | 1,609,622 | |
XPO Logistics, Inc. (b) | 49,403 | 2,556,111 | |
8,366,383 | |||
Trading Companies & Distributors - 1.6% | |||
Beacon Roofing Supply, Inc. (b) | 44,528 | 2,509,153 | |
Custom Truck One Source, Inc. Class A (b) | 183,834 | 1,273,970 | |
GMS, Inc. (b) | 14,156 | 668,163 | |
Herc Holdings, Inc. (c) | 16,618 | 1,954,443 | |
6,405,729 | |||
TOTAL INDUSTRIALS | 59,966,645 | ||
INFORMATION TECHNOLOGY - 5.1% | |||
Communications Equipment - 0.4% | |||
Lumentum Holdings, Inc. (b) | 21,485 | 1,599,558 | |
Electronic Equipment & Components - 1.2% | |||
Flex Ltd. (b) | 167,997 | 3,289,381 | |
Vontier Corp. | 80,264 | 1,533,042 | |
4,822,423 | |||
IT Services - 2.3% | |||
Concentrix Corp. | 13,966 | 1,707,064 | |
Cyxtera Technologies, Inc. Class A (b) | 139,289 | 337,079 | |
DXC Technology Co. (b) | 29,940 | 860,775 | |
Fidelity National Information Services, Inc. | 26,614 | 2,208,696 | |
SS&C Technologies Holdings, Inc. | 47,259 | 2,430,058 | |
Unisys Corp. (b) | 159,447 | 1,355,300 | |
8,898,972 | |||
Semiconductors & Semiconductor Equipment - 0.1% | |||
Micron Technology, Inc. | 7,660 | 414,406 | |
Software - 1.1% | |||
NCR Corp. (b) | 104,402 | 2,219,587 | |
NortonLifeLock, Inc. | 96,075 | 2,164,570 | |
4,384,157 | |||
TOTAL INFORMATION TECHNOLOGY | 20,119,516 | ||
MATERIALS - 12.4% | |||
Chemicals - 5.5% | |||
Axalta Coating Systems Ltd. (b) | 91,213 | 2,127,087 | |
Cabot Corp. | 25,592 | 1,880,500 | |
Celanese Corp. Class A | 23,716 | 2,279,582 | |
Corteva, Inc. | 28,135 | 1,838,341 | |
Eastman Chemical Co. | 25,014 | 1,921,325 | |
Huntsman Corp. | 25,212 | 674,673 | |
Methanex Corp. (c) | 68,154 | 2,377,893 | |
Olin Corp. | 43,815 | 2,320,004 | |
The Chemours Co. LLC | 66,980 | 1,917,637 | |
Trinseo PLC | 15,967 | 300,499 | |
Tronox Holdings PLC | 112,837 | 1,354,044 | |
Westlake Corp. (c) | 27,866 | 2,693,249 | |
21,684,834 | |||
Construction Materials - 1.4% | |||
Eagle Materials, Inc. | 13,576 | 1,660,481 | |
GCC S.A.B. de CV | 157,628 | 978,721 | |
Martin Marietta Materials, Inc. | 3,272 | 1,099,327 | |
Summit Materials, Inc. (b) | 72,309 | 1,905,342 | |
5,643,871 | |||
Containers & Packaging - 1.5% | |||
Berry Global Group, Inc. (b) | 47,974 | 2,270,130 | |
Crown Holdings, Inc. | 25,328 | 1,737,248 | |
O-I Glass, Inc. (b) | 124,537 | 2,031,198 | |
6,038,576 | |||
Metals & Mining - 3.5% | |||
Alcoa Corp. | 33,860 | 1,321,556 | |
ArcelorMittal SA Class A unit GDR | 63,580 | 1,427,371 | |
Arconic Corp. (b) | 129,329 | 2,684,870 | |
ATI, Inc. (b) | 50,226 | 1,494,726 | |
Carpenter Technology Corp. | 28,195 | 1,054,493 | |
Constellium NV (b) | 199,071 | 2,193,762 | |
First Quantum Minerals Ltd. | 45,042 | 794,480 | |
Freeport-McMoRan, Inc. | 57,898 | 1,834,788 | |
Steel Dynamics, Inc. | 13,574 | 1,276,635 | |
14,082,681 | |||
Paper & Forest Products - 0.5% | |||
Louisiana-Pacific Corp. | 35,377 | 2,004,107 | |
TOTAL MATERIALS | 49,454,069 | ||
REAL ESTATE - 5.3% | |||
Equity Real Estate Investment Trusts (REITs) - 3.7% | |||
CubeSmart | 99,898 | 4,182,729 | |
Equinix, Inc. | 2,078 | 1,177,062 | |
Equity Lifestyle Properties, Inc. | 23,409 | 1,497,240 | |
Lamar Advertising Co. Class A | 6,414 | 591,563 | |
Outfront Media, Inc. | 24,450 | 441,323 | |
Prologis (REIT), Inc. | 24,786 | 2,745,050 | |
Ventas, Inc. | 30,590 | 1,196,987 | |
Welltower Op | 43,271 | 2,641,262 | |
14,473,216 | |||
Real Estate Management & Development - 1.6% | |||
Anywhere Real Estate, Inc. (b) | 178,958 | 1,329,658 | |
Cushman & Wakefield PLC (b) | 184,171 | 2,127,175 | |
Jones Lang LaSalle, Inc. (b) | 14,091 | 2,241,737 | |
WeWork, Inc. (b)(c) | 304,371 | 782,233 | |
6,480,803 | |||
TOTAL REAL ESTATE | 20,954,019 | ||
UTILITIES - 6.5% | |||
Electric Utilities - 4.3% | |||
Constellation Energy Corp. | 33,979 | 3,212,375 | |
Edison International | 89,659 | 5,383,126 | |
Entergy Corp. | 35,473 | 3,800,577 | |
PG&E Corp. (b) | 308,570 | 4,606,950 | |
17,003,028 | |||
Independent Power and Renewable Electricity Producers - 1.6% | |||
The AES Corp. | 176,343 | 4,613,133 | |
Vistra Corp. | 74,416 | 1,709,336 | |
6,322,469 | |||
Multi-Utilities - 0.6% | |||
Sempra Energy | 15,806 | 2,385,758 | |
TOTAL UTILITIES | 25,711,255 | ||
TOTAL COMMON STOCKS (Cost $377,228,408) | 389,229,246 | ||
U.S. Treasury Obligations - 0.2% | |||
Principal Amount (d) | Value ($) | ||
U.S. Treasury Bills, yield at date of purchase 2.45% to 2.9% 11/3/22 to 12/1/22 (e) (Cost $659,063) | 660,000 | 658,918 | |
Money Market Funds - 4.8% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 3.10% (f) | 8,562,176 | 8,563,889 | |
Fidelity Securities Lending Cash Central Fund 3.10% (f)(g) | 10,738,857 | 10,739,930 | |
TOTAL MONEY MARKET FUNDS (Cost $19,303,805) | 19,303,819 | ||
TOTAL INVESTMENT IN SECURITIES - 102.9% (Cost $397,191,276) | 409,191,983 |
NET OTHER ASSETS (LIABILITIES) - (2.9)% | (11,483,420) |
NET ASSETS - 100.0% | 397,708,563 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount ($) | Value ($) | Unrealized Appreciation/ (Depreciation) ($) | |
Purchased | |||||
Equity Index Contracts | |||||
CME E-mini S&P MidCap 400 Index Contracts (United States) | 24 | Dec 2022 | 5,855,040 | (49,636) | (49,636) |
The notional amount of futures purchased as a percentage of Net Assets is 1.5% |
(a) | 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 $2,221,216 or 0.6% of net assets. |
(b) | Non-income producing |
(c) | Security or a portion of the security is on loan at period end. |
(d) | Amount is stated in United States dollars unless otherwise noted. |
(e) | Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $503,087. |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | 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 3.10% | 9,374,021 | 333,165,075 | 333,975,207 | 90,339 | 23 | (23) | 8,563,889 | 0.0% |
Fidelity Securities Lending Cash Central Fund 3.10% | 4,785,846 | 99,199,950 | 93,245,866 | 81,530 | - | - | 10,739,930 | 0.0% |
Total | 14,159,867 | 432,365,025 | 427,221,073 | 171,869 | 23 | (23) | 19,303,819 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 11,052,107 | 9,680,054 | 1,372,053 | - |
Consumer Discretionary | 58,810,134 | 58,810,134 | - | - |
Consumer Staples | 10,072,798 | 10,072,798 | - | - |
Energy | 53,307,210 | 50,897,088 | 2,410,122 | - |
Financials | 53,429,709 | 53,429,709 | - | - |
Health Care | 26,351,784 | 26,351,784 | - | - |
Industrials | 59,966,645 | 59,753,486 | 213,159 | - |
Information Technology | 20,119,516 | 20,119,516 | - | - |
Materials | 49,454,069 | 49,454,069 | - | - |
Real Estate | 20,954,019 | 20,954,019 | - | - |
Utilities | 25,711,255 | 25,711,255 | - | - |
U.S. Government and Government Agency Obligations | 658,918 | - | 658,918 | - |
Money Market Funds | 19,303,819 | 19,303,819 | - | - |
Total Investments in Securities: | 409,191,983 | 404,537,731 | 4,654,252 | - |
Derivative Instruments: | ||||
Liabilities | ||||
Futures Contracts | (49,636) | (49,636) | - | - |
Total Liabilities | (49,636) | (49,636) | - | - |
Total Derivative Instruments: | (49,636) | (49,636) | - | - |
Primary Risk Exposure / Derivative Type | Value | |
Asset ($) | Liability ($) | |
Equity Risk | ||
Futures Contracts (a) | 0 | (49,636) |
Total Equity Risk | 0 | (49,636) |
Total Value of Derivatives | 0 | (49,636) |
Statement of Assets and Liabilities | ||||
October 31, 2022 | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $10,499,793) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $377,887,471) | $389,888,164 | |||
Fidelity Central Funds (cost $19,303,805) | 19,303,819 | |||
Total Investment in Securities (cost $397,191,276) | $ | 409,191,983 | ||
Cash | 84,631 | |||
Foreign currency held at value (cost $107) | 107 | |||
Receivable for investments sold | 1,010,702 | |||
Receivable for fund shares sold | 277,808 | |||
Dividends receivable | 167,870 | |||
Distributions receivable from Fidelity Central Funds | 28,999 | |||
Prepaid expenses | 566 | |||
Receivable from investment adviser for expense reductions | 2,164 | |||
Other receivables | 2,099 | |||
Total assets | 410,766,929 | |||
Liabilities | ||||
Payable for investments purchased | $1,293,242 | |||
Payable for fund shares redeemed | 606,094 | |||
Accrued management fee | 200,220 | |||
Distribution and service plan fees payable | 41,752 | |||
Payable for daily variation margin on futures contracts | 59,563 | |||
Other affiliated payables | 59,911 | |||
Other payables and accrued expenses | 58,000 | |||
Collateral on securities loaned | 10,739,584 | |||
Total Liabilities | 13,058,366 | |||
Net Assets | $ | 397,708,563 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 389,218,454 | ||
Total accumulated earnings (loss) | 8,490,109 | |||
Net Assets | $ | 397,708,563 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($108,438,531 ÷ 3,649,772 shares) (a) | $ | 29.71 | ||
Maximum offering price per share (100/94.25 of $29.71) | $ | 31.52 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($22,539,602 ÷ 768,168 shares) (a) | $ | 29.34 | ||
Maximum offering price per share (100/96.50 of $29.34) | $ | 30.40 | ||
Class C : | ||||
Net Asset Value and offering price per share ($14,660,778 ÷ 528,605 shares) (a) | $ | 27.73 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($170,764,138 ÷ 5,675,480 shares) | $ | 30.09 | ||
Class Z : | ||||
Net Asset Value , offering price and redemption price per share ($81,305,514 ÷ 2,701,236 shares) | $ | 30.10 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Year ended October 31, 2022 | ||||
Investment Income | ||||
Dividends | $ | 6,896,146 | ||
Interest | 6,318 | |||
Income from Fidelity Central Funds (including $81,530 from security lending) | 171,869 | |||
Total Income | 7,074,333 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 1,954,388 | ||
Performance adjustment | 324,315 | |||
Transfer agent fees | 572,214 | |||
Distribution and service plan fees | 552,634 | |||
Accounting fees | 139,029 | |||
Custodian fees and expenses | 56,094 | |||
Independent trustees' fees and expenses | 1,208 | |||
Registration fees | 121,639 | |||
Audit | 56,668 | |||
Legal | 6,880 | |||
Interest | 108 | |||
Miscellaneous | 1,375 | |||
Total expenses before reductions | 3,786,552 | |||
Expense reductions | (24,858) | |||
Total expenses after reductions | 3,761,694 | |||
Net Investment income (loss) | 3,312,639 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (1,075,520) | |||
Fidelity Central Funds | 23 | |||
Foreign currency transactions | (7,955) | |||
Futures contracts | (2,783,160) | |||
Total net realized gain (loss) | (3,866,612) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (29,918,317) | |||
Fidelity Central Funds | (23) | |||
Assets and liabilities in foreign currencies | (1,250) | |||
Futures contracts | (113,065) | |||
Total change in net unrealized appreciation (depreciation) | (30,032,655) | |||
Net gain (loss) | (33,899,267) | |||
Net increase (decrease) in net assets resulting from operations | $ | (30,586,628) |
Statement of Changes in Net Assets | ||||
Year ended October 31, 2022 | Year ended October 31, 2021 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 3,312,639 | $ | 739,517 |
Net realized gain (loss) | (3,866,612) | 19,520,123 | ||
Change in net unrealized appreciation (depreciation) | (30,032,655) | 36,194,375 | ||
Net increase (decrease) in net assets resulting from operations | (30,586,628) | 56,454,015 | ||
Distributions to shareholders | (13,471,817) | (341,676) | ||
Share transactions - net increase (decrease) | 151,885,468 | 167,860,121 | ||
Total increase (decrease) in net assets | 107,827,023 | 223,972,460 | ||
Net Assets | ||||
Beginning of period | 289,881,540 | 65,909,080 | ||
End of period | $ | 397,708,563 | $ | 289,881,540 |
Fidelity Advisor® Value Fund Class A |
Years ended October 31, | 2022 | 2021 | 2020 | 2019 | 2018 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 33.55 | $ | 20.40 | $ | 22.44 | $ | 23.40 | $ | 25.37 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .24 | .11 | .14 | .19 | .17 | |||||
Net realized and unrealized gain (loss) | (2.61) | 13.15 | (1.46) | 1.57 | (1.31) | |||||
Total from investment operations | (2.37) | 13.26 | (1.32) | 1.76 | (1.14) | |||||
Distributions from net investment income | (.24) | (.11) | (.17) C | (.10) C | (.22) | |||||
Distributions from net realized gain | (1.24) | - | (.55) C | (2.62) C | (.61) | |||||
Total distributions | (1.47) D | (.11) | (.72) | (2.72) | (.83) | |||||
Net asset value, end of period | $ | 29.71 | $ | 33.55 | $ | 20.40 | $ | 22.44 | $ | 23.40 |
Total Return E,F | (7.25)% | 65.21% | (6.24)% | 9.00% | (4.73)% | |||||
Ratios to Average Net Assets B,G,H | ||||||||||
Expenses before reductions | 1.15% | 1.21% | 1.17% | 1.10% | 1.12% | |||||
Expenses net of fee waivers, if any | 1.15% | 1.20% | 1.16% | 1.10% | 1.12% | |||||
Expenses net of all reductions | 1.15% | 1.20% | 1.14% | 1.10% | 1.11% | |||||
Net investment income (loss) | .76% | .35% | .71% | .87% | .66% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 108,439 | $ | 100,604 | $ | 36,269 | $ | 47,465 | $ | 45,006 |
Portfolio turnover rate I | 67% | 64% | 91% | 77% | 98% |
Fidelity Advisor® Value Fund Class M |
Years ended October 31, | 2022 | 2021 | 2020 | 2019 | 2018 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 33.13 | $ | 20.15 | $ | 22.19 | $ | 23.15 | $ | 25.10 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .16 | .03 | .09 | .12 | .10 | |||||
Net realized and unrealized gain (loss) | (2.57) | 13.01 | (1.47) | 1.57 | (1.30) | |||||
Total from investment operations | (2.41) | 13.04 | (1.38) | 1.69 | (1.20) | |||||
Distributions from net investment income | (.15) | (.06) | (.11) C | (.03) C | (.14) | |||||
Distributions from net realized gain | (1.24) | - | (.55) C | (2.62) C | (.61) | |||||
Total distributions | (1.38) D | (.06) | (.66) | (2.65) | (.75) | |||||
Net asset value, end of period | $ | 29.34 | $ | 33.13 | $ | 20.15 | $ | 22.19 | $ | 23.15 |
Total Return E,F | (7.46)% | 64.81% | (6.55)% | 8.74% | (5.01)% | |||||
Ratios to Average Net Assets B,G,H | ||||||||||
Expenses before reductions | 1.40% | 1.47% | 1.45% | 1.39% | 1.39% | |||||
Expenses net of fee waivers, if any | 1.40% | 1.45% | 1.43% | 1.38% | 1.39% | |||||
Expenses net of all reductions | 1.40% | 1.45% | 1.42% | 1.38% | 1.37% | |||||
Net investment income (loss) | .51% | .10% | .43% | .58% | .40% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 22,540 | $ | 23,323 | $ | 12,736 | $ | 15,006 | $ | 14,961 |
Portfolio turnover rate I | 67% | 64% | 91% | 77% | 98% |
Fidelity Advisor® Value Fund Class C |
Years ended October 31, | 2022 | 2021 | 2020 | 2019 | 2018 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 31.45 | $ | 19.18 | $ | 21.15 | $ | 22.16 | $ | 24.02 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | - C | (.12) | (.02) | .01 | (.04) | |||||
Net realized and unrealized gain (loss) | (2.43) | 12.39 | (1.40) | 1.49 | (1.25) | |||||
Total from investment operations | (2.43) | 12.27 | (1.42) | 1.50 | (1.29) | |||||
Distributions from net investment income | (.08) | - | - | - | - | |||||
Distributions from net realized gain | (1.21) | - | (.55) | (2.51) | (.57) | |||||
Total distributions | (1.29) | - | (.55) | (2.51) | (.57) | |||||
Net asset value, end of period | $ | 27.73 | $ | 31.45 | $ | 19.18 | $ | 21.15 | $ | 22.16 |
Total Return D,E | (7.94)% | 63.97% | (7.02)% | 8.13% | (5.55)% | |||||
Ratios to Average Net Assets B,F,G | ||||||||||
Expenses before reductions | 1.93% | 2.01% | 1.98% | 1.92% | 1.93% | |||||
Expenses net of fee waivers, if any | 1.90% | 1.96% | 1.97% | 1.92% | 1.93% | |||||
Expenses net of all reductions | 1.90% | 1.96% | 1.95% | 1.91% | 1.92% | |||||
Net investment income (loss) | -% H | (.41)% | (.11)% | .05% | (.15)% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 14,661 | $ | 15,726 | $ | 6,331 | $ | 8,777 | $ | 14,405 |
Portfolio turnover rate I | 67% | 64% | 91% | 77% | 98% |
Fidelity Advisor® Value Fund Class I |
Years ended October 31, | 2022 | 2021 | 2020 | 2019 | 2018 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 33.96 | $ | 20.64 | $ | 22.70 | $ | 23.66 | $ | 25.65 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .32 | .20 | .21 | .26 | .25 | |||||
Net realized and unrealized gain (loss) | (2.63) | 13.30 | (1.48) | 1.59 | (1.34) | |||||
Total from investment operations | (2.31) | 13.50 | (1.27) | 1.85 | (1.09) | |||||
Distributions from net investment income | (.33) | (.18) | (.25) C | (.19) C | (.29) | |||||
Distributions from net realized gain | (1.24) | - | (.55) C | (2.62) C | (.61) | |||||
Total distributions | (1.56) D | (.18) | (.79) D | (2.81) | (.90) | |||||
Net asset value, end of period | $ | 30.09 | $ | 33.96 | $ | 20.64 | $ | 22.70 | $ | 23.66 |
Total Return E | (6.99)% | 65.68% | (5.95)% | 9.34% | (4.48)% | |||||
Ratios to Average Net Assets B,F,G | ||||||||||
Expenses before reductions | .88% | .92% | .87% | .79% | .82% | |||||
Expenses net of fee waivers, if any | .88% | .92% | .85% | .79% | .81% | |||||
Expenses net of all reductions | .88% | .92% | .84% | .79% | .80% | |||||
Net investment income (loss) | 1.02% | .63% | 1.01% | 1.18% | .97% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 170,764 | $ | 104,393 | $ | 8,861 | $ | 11,097 | $ | 12,342 |
Portfolio turnover rate H | 67% | 64% | 91% | 77% | 98% |
Fidelity Advisor® Value Fund Class Z |
Years ended October 31, | 2022 | 2021 | 2020 | 2019 | 2018 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 33.96 | $ | 20.63 | $ | 22.69 | $ | 23.67 | $ | 25.67 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .36 | .25 | .23 | .28 | .28 | |||||
Net realized and unrealized gain (loss) | (2.62) | 13.28 | (1.47) | 1.58 | (1.34) | |||||
Total from investment operations | (2.26) | 13.53 | (1.24) | 1.86 | (1.06) | |||||
Distributions from net investment income | (.36) | (.20) | (.27) C | (.22) C | (.33) | |||||
Distributions from net realized gain | (1.24) | - | (.55) C | (2.62) C | (.61) | |||||
Total distributions | (1.60) | (.20) | (.82) | (2.84) | (.94) | |||||
Net asset value, end of period | $ | 30.10 | $ | 33.96 | $ | 20.63 | $ | 22.69 | $ | 23.67 |
Total Return D | (6.86)% | 65.88% | (5.84)% | 9.45% | (4.36)% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | .76% | .77% | .75% | .69% | .70% | |||||
Expenses net of fee waivers, if any | .75% | .77% | .74% | .68% | .70% | |||||
Expenses net of all reductions | .75% | .77% | .72% | .68% | .68% | |||||
Net investment income (loss) | 1.16% | .78% | 1.13% | 1.28% | 1.09% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 81,306 | $ | 45,835 | $ | 1,712 | $ | 2,772 | $ | 834 |
Portfolio turnover rate G | 67% | 64% | 91% | 77% | 98% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
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 | $ 55,568,958 |
Gross unrealized depreciation | (46,421,763) |
Net unrealized appreciation (depreciation) | $ 9,147,195 |
Tax Cost | $ 400,044,788 |
Undistributed ordinary income | $ 1,051,315 |
Capital loss carryforward | $ (1,631,147) |
Net unrealized appreciation (depreciation) on securities and other investments | $9,069,941 |
Short-term | $(1,631,147) |
October 31, 2022 | October 31, 2021 | |
Ordinary Income | $7,667,872 | $341,676 |
Long-term Capital Gains | 5,803,945 | - |
Total | $13,471,817 | $341,676 |
Equity Risk | Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment. |
Purchases ($) | Sales ($) | |
Fidelity Advisor Value Fund | 384,174,089 | 243,582,256 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $265,824 | $9,119 |
Class M | .25% | .25% | 117,038 | 9 |
Class C | .75% | .25% | 169,772 | 70,835 |
$552,634 | $79,963 |
Retained by FDC | |
Class A | $44,062 |
Class M | 1,904 |
Class C A | 359 |
$46,325 |
Amount | % of Class-Level Average Net Assets | |
Class A | $196,347 | .18 |
Class M | 42,417 | .18 |
Class C | 36,323 | .21 |
Class I | 269,550 | .17 |
Class Z | 27,577 | .04 |
$572,214 |
% of Average Net Assets | |
Fidelity Advisor Value Fund | .04 |
Amount | |
Fidelity Advisor Value Fund | $9,717 |
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity Advisor Value Fund | Borrower | $ 6,884,000 | .57% | $108 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Advisor Value Fund | 43,478,973 | 19,772,014 | 63,597 |
Amount ($) | |
Fidelity Advisor Value Fund | 3,938 |
Amount | |
Fidelity Advisor Value Fund | $619 |
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 Advisor Value Fund | $8,683 | $5,329 | $- |
Expense Limitations | Reimbursement | |
Class A | 1.15% | $3,469 |
Class M | 1.40% | - |
Class C | 1.90% | 5,302 |
Class I | .90% | - |
Class Z | .75% | 4,220 |
$12,991 |
Year ended October 31, 2022 | Year ended October 31, 2021 | |
Fidelity Advisor Value Fund | ||
Distributions to shareholders | ||
Class A | $4,405,947 | $205,317 |
Class M | 990,545 | 37,814 |
Class C | 660,630 | - |
Class I | 5,021,021 | 82,464 |
Class Z | 2,393,674 | 16,081 |
Total | $13,471,817 | $341,676 |
Shares | Shares | Dollars | Dollars | |
Year ended October 31, 2022 | Year ended October 31, 2021 | Year ended October 31, 2022 | Year ended October 31, 2021 | |
Fidelity Advisor Value Fund | ||||
Class A | ||||
Shares sold | 1,692,576 | 2,070,465 | $53,594,255 | $62,720,288 |
Reinvestment of distributions | 137,847 | 7,842 | 4,297,977 | 197,382 |
Shares redeemed | (1,179,626) | (857,494) | (37,522,482) | (26,539,566) |
Net increase (decrease) | 650,797 | 1,220,813 | $20,369,750 | $36,378,104 |
Class M | ||||
Shares sold | 134,897 | 187,721 | $4,251,310 | $5,657,125 |
Reinvestment of distributions | 31,736 | 1,499 | 979,513 | 37,347 |
Shares redeemed | (102,350) | (117,261) | (3,170,588) | (3,525,533) |
Net increase (decrease) | 64,283 | 71,959 | $2,060,235 | $2,168,939 |
Class C | ||||
Shares sold | 217,748 | 340,728 | $6,554,230 | $10,132,951 |
Reinvestment of distributions | 22,308 | - | 654,000 | - |
Shares redeemed | (211,462) | (170,743) | (6,050,103) | (5,054,858) |
Net increase (decrease) | 28,594 | 169,985 | $1,158,127 | $5,078,093 |
Class I | ||||
Shares sold | 5,343,179 | 3,424,750 | $171,305,654 | $108,609,348 |
Reinvestment of distributions | 157,060 | 3,071 | 4,946,432 | 78,075 |
Shares redeemed | (2,899,066) | (782,774) | (90,414,411) | (25,258,770) |
Net increase (decrease) | 2,601,173 | 2,645,047 | $85,837,675 | $83,428,653 |
Class Z | ||||
Shares sold | 2,344,555 | 1,636,399 | $74,364,664 | $52,739,816 |
Reinvestment of distributions | 65,065 | 481 | 2,047,896 | 12,215 |
Shares redeemed | (1,058,038) | (370,213) | (33,952,879) | (11,945,699) |
Net increase (decrease) | 1,351,582 | 1,266,667 | $42,459,681 | $40,806,332 |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2022 to October 31, 2022). |
Annualized Expense Ratio- A | Beginning Account Value May 1, 2022 | Ending Account Value October 31, 2022 | Expenses Paid During Period- C May 1, 2022 to October 31, 2022 | |||||||
Fidelity Advisor® Value Fund | ||||||||||
Class A | 1.15% | |||||||||
Actual | $ 1,000 | $ 951.90 | $ 5.66 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.41 | $ 5.85 | |||||||
Class M | 1.40% | |||||||||
Actual | $ 1,000 | $ 950.70 | $ 6.88 | |||||||
Hypothetical- B | $ 1,000 | $ 1,018.15 | $ 7.12 | |||||||
Class C | 1.90% | |||||||||
Actual | $ 1,000 | $ 948.40 | $ 9.33 | |||||||
Hypothetical- B | $ 1,000 | $ 1,015.63 | $ 9.65 | |||||||
Class I | .87% | |||||||||
Actual | $ 1,000 | $ 953.40 | $ 4.28 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.82 | $ 4.43 | |||||||
Class Z | .75% | |||||||||
Actual | $ 1,000 | $ 954.00 | $ 3.69 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.42 | $ 3.82 | |||||||
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Contents
Board Approval of Investment Advisory Contracts and Management Fees |
Average Annual Total Returns | |||
Periods ended October 31, 2022 | Past 1 year | Past 5 years | Past 10 years |
Class A (incl.4.00% sales charge) | -14.32% | 2.91% | 5.12% |
Class M (incl.4.00% sales charge) | -14.32% | 2.91% | 5.12% |
Class C (incl. contingent deferred sales charge) | -12.29% | 2.96% | 4.91% |
Class I | -10.56% | 4.02% | 5.80% |
Class Z | -10.47% | 4.10% | 5.84% |
$10,000 Over 10 Years |
Let's say hypothetically that $10,000 was invested in Fidelity Advisor® High Income Advantage Fund - Class A, on October 31, 2012, and the current 4.00% sales charge was paid. The chart shows how the value of your investment would have changed, and also shows how the ICE® BofA® US High Yield Constrained Index performed over the same period. |
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Top Bond Issuers (% of Fund's net assets) | ||
(with maturities greater than one year) | ||
CCO Holdings LLC/CCO Holdings Capital Corp. | 2.8 | |
TransDigm, Inc. | 2.5 | |
Citigroup, Inc. | 2.2 | |
JPMorgan Chase & Co. | 1.7 | |
Tenet Healthcare Corp. | 1.5 | |
Bank of America Corp. | 1.4 | |
Caesars Entertainment, Inc. | 1.4 | |
Altice France SA | 1.4 | |
Ally Financial, Inc. | 1.2 | |
CSC Holdings LLC | 1.2 | |
17.3 | ||
Market Sectors (% of Fund's net assets) | ||
Energy | 13.3 | |
Banks & Thrifts | 9.0 | |
Technology | 7.3 | |
Telecommunications | 6.3 | |
Healthcare | 5.1 | |
Quality Diversification (% of Fund's net assets) |
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We have used ratings from Moody's Investors Service, Inc. Where Moody's® ratings are not available, we have used S&P® ratings. All ratings are as of the date indicated and do not reflect subsequent changes. |
Asset Allocation (% of Fund's net assets) |
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Foreign investments - 11.9% |
Geographic Diversification (% of Fund's net assets) |
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* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are based on country or territory of incorporation and are adjusted for the effect of futures contracts, if applicable. |
Corporate Bonds - 67.5% | |||
Principal Amount (a) (000s) | Value ($) (000s) | ||
Convertible Bonds - 0.8% | |||
Diversified Financial Services - 0.1% | |||
New Cotai LLC 5% 2/24/27 (b) | 1,702 | 1,651 | |
Energy - 0.7% | |||
Mesquite Energy, Inc. 15% 7/15/23 (b)(c) | 711 | 4,216 | |
Mesquite Energy, Inc. 15% 7/15/23 (b)(c) | 1,228 | 7,281 | |
11,497 | |||
TOTAL CONVERTIBLE BONDS | 13,148 | ||
Nonconvertible Bonds - 66.7% | |||
Aerospace - 3.3% | |||
ATI, Inc.: | |||
4.875% 10/1/29 | 845 | 710 | |
5.125% 10/1/31 | 750 | 618 | |
Bombardier, Inc.: | |||
6% 2/15/28 (d) | 830 | 739 | |
7.125% 6/15/26 (d) | 1,625 | 1,538 | |
7.5% 3/15/25 (d) | 1,789 | 1,758 | |
7.875% 4/15/27 (d) | 3,970 | 3,770 | |
Kaiser Aluminum Corp. 4.625% 3/1/28 (d) | 1,575 | 1,378 | |
Moog, Inc. 4.25% 12/15/27 (d) | 480 | 430 | |
Rolls-Royce PLC 5.75% 10/15/27 (d) | 1,440 | 1,303 | |
Spirit Aerosystems, Inc. 7.5% 4/15/25 (d) | 2,035 | 1,977 | |
TransDigm UK Holdings PLC 6.875% 5/15/26 | 1,820 | 1,776 | |
TransDigm, Inc.: | |||
4.625% 1/15/29 | 4,860 | 4,138 | |
4.875% 5/1/29 | 15,000 | 12,829 | |
5.5% 11/15/27 | 14,675 | 13,281 | |
6.25% 3/15/26 (d) | 6,870 | 6,777 | |
7.5% 3/15/27 | 6,780 | 6,681 | |
59,703 | |||
Air Transportation - 1.6% | |||
Air Canada 3.875% 8/15/26 (d) | 1,240 | 1,097 | |
Allegiant Travel Co. 7.25% 8/15/27 (d) | 1,320 | 1,241 | |
Delta Air Lines, Inc. 7% 5/1/25 (d) | 369 | 374 | |
Delta Air Lines, Inc. / SkyMiles IP Ltd.: | |||
4.5% 10/20/25 (d) | 6,455 | 6,290 | |
4.75% 10/20/28 (d) | 5,330 | 4,954 | |
Hawaiian Brand Intellectual Property Ltd. / HawaiianMiles Loyalty Ltd. 5.75% 1/20/26 (d) | 3,145 | 2,896 | |
Mileage Plus Holdings LLC 6.5% 6/20/27 (d) | 4,313 | 4,264 | |
Spirit Loyalty Cayman Ltd. / Spirit IP Cayman Ltd. 8% 9/20/25 (d) | 1,044 | 1,061 | |
United Airlines, Inc.: | |||
4.375% 4/15/26 (d) | 3,965 | 3,619 | |
4.625% 4/15/29 (d) | 3,180 | 2,720 | |
28,516 | |||
Automotive - 0.2% | |||
Ford Motor Co. 6.1% 8/19/32 | 1,765 | 1,620 | |
Ford Motor Credit Co. LLC 3.625% 6/17/31 | 2,125 | 1,653 | |
3,273 | |||
Automotive & Auto Parts - 1.4% | |||
Allison Transmission, Inc. 5.875% 6/1/29 (d) | 1,265 | 1,180 | |
Arko Corp. 5.125% 11/15/29 (d) | 1,290 | 1,021 | |
Dana, Inc.: | |||
4.25% 9/1/30 | 1,185 | 949 | |
4.5% 2/15/32 | 1,305 | 998 | |
Ford Motor Co. 3.25% 2/12/32 | 4,225 | 3,164 | |
Ford Motor Credit Co. LLC: | |||
3.375% 11/13/25 | 2,500 | 2,268 | |
4% 11/13/30 | 5,460 | 4,416 | |
5.113% 5/3/29 | 1,330 | 1,189 | |
LCM Investments Holdings 4.875% 5/1/29 (d) | 3,695 | 3,117 | |
McLaren Finance PLC 7.5% 8/1/26 (d) | 1,130 | 896 | |
Nesco Holdings II, Inc. 5.5% 4/15/29 (d) | 1,850 | 1,622 | |
PECF USS Intermediate Holding III Corp. 8% 11/15/29 (d) | 785 | 526 | |
Rivian Holdco & Rivian LLC & Rivian Automotive LLC 6 month U.S. LIBOR + 5.620% 10.1636% 10/15/26 (d)(e)(f) | 4,255 | 4,042 | |
25,388 | |||
Banks & Thrifts - 1.4% | |||
Ally Financial, Inc.: | |||
8% 11/1/31 | 3,105 | 3,133 | |
8% 11/1/31 | 16,957 | 17,391 | |
CQP Holdco LP / BIP-V Chinook Holdco LLC 5.5% 6/15/31 (d) | 4,245 | 3,767 | |
Jane Street Group LLC/JSG Finance, Inc. 4.5% 11/15/29 (d) | 1,240 | 1,096 | |
25,387 | |||
Broadcasting - 1.9% | |||
Clear Channel Outdoor Holdings, Inc. 7.5% 6/1/29 (d) | 1,615 | 1,269 | |
Diamond Sports Group LLC/Diamond Sports Finance Co. 5.375% 8/15/26 (d) | 6,155 | 1,231 | |
Gray Escrow II, Inc. 5.375% 11/15/31 (d) | 10,345 | 8,302 | |
Lions Gate Capital Holdings LLC 5.5% 4/15/29 (d) | 1,145 | 869 | |
Nexstar Broadcasting, Inc.: | |||
4.75% 11/1/28 (d) | 2,980 | 2,615 | |
5.625% 7/15/27 (d) | 4,355 | 4,113 | |
Scripps Escrow II, Inc. 3.875% 1/15/29 (d) | 360 | 297 | |
Scripps Escrow, Inc. 5.875% 7/15/27 (d) | 1,580 | 1,431 | |
Sirius XM Radio, Inc.: | |||
3.125% 9/1/26 (d) | 1,240 | 1,108 | |
3.875% 9/1/31 (d) | 1,655 | 1,324 | |
4% 7/15/28 (d) | 3,220 | 2,768 | |
5% 8/1/27 (d) | 4,000 | 3,680 | |
Townsquare Media, Inc. 6.875% 2/1/26 (d) | 725 | 685 | |
Univision Communications, Inc.: | |||
4.5% 5/1/29 (d) | 1,610 | 1,355 | |
7.375% 6/30/30 (d) | 2,850 | 2,757 | |
33,804 | |||
Building Materials - 0.4% | |||
Advanced Drain Systems, Inc.: | |||
5% 9/30/27 (d) | 355 | 329 | |
6.375% 6/15/30 (d) | 890 | 860 | |
Brundage-Bone Concrete Pumping Holdings, Inc. 6% 2/1/26 (d) | 835 | 756 | |
CP Atlas Buyer, Inc. 7% 12/1/28 (d) | 710 | 511 | |
MIWD Holdco II LLC / MIWD Finance Corp. 5.5% 2/1/30 (d) | 590 | 455 | |
Oscar Acquisition Co. LLC / Oscar Finance, Inc. 9.5% 4/15/30 (d) | 1,345 | 1,139 | |
SRS Distribution, Inc.: | |||
4.625% 7/1/28 (d) | 1,540 | 1,352 | |
6.125% 7/1/29 (d) | 650 | 529 | |
Summit Materials LLC/Summit Materials Finance Corp. 5.25% 1/15/29 (d) | 1,445 | 1,320 | |
7,251 | |||
Cable/Satellite TV - 4.7% | |||
Block Communications, Inc. 4.875% 3/1/28 (d) | 1,090 | 947 | |
CCO Holdings LLC/CCO Holdings Capital Corp.: | |||
4.25% 2/1/31 (d) | 2,275 | 1,797 | |
4.5% 5/1/32 | 21,015 | 16,602 | |
4.75% 3/1/30 (d) | 8,310 | 6,984 | |
4.75% 2/1/32 (d) | 3,745 | 2,996 | |
5% 2/1/28 (d) | 3,440 | 3,113 | |
5.125% 5/1/27 (d) | 16,615 | 15,393 | |
6.375% 9/1/29 (d) | 1,765 | 1,626 | |
CSC Holdings LLC: | |||
4.5% 11/15/31 (d) | 4,015 | 3,123 | |
5.375% 2/1/28 (d) | 5,535 | 5,106 | |
5.5% 4/15/27 (d) | 9,040 | 8,475 | |
6.5% 2/1/29 (d) | 3,900 | 3,676 | |
DISH DBS Corp.: | |||
5.25% 12/1/26 (d) | 2,420 | 2,102 | |
5.75% 12/1/28 (d) | 2,170 | 1,750 | |
Dolya Holdco 18 DAC 5% 7/15/28 (d) | 900 | 766 | |
Radiate Holdco LLC/Radiate Financial Service Ltd.: | |||
4.5% 9/15/26 (d) | 1,120 | 946 | |
6.5% 9/15/28 (d) | 2,990 | 1,884 | |
VZ Secured Financing BV 5% 1/15/32 (d) | 3,855 | 3,094 | |
Ziggo Bond Co. BV 5.125% 2/28/30 (d) | 835 | 662 | |
Ziggo BV 4.875% 1/15/30 (d) | 3,795 | 3,207 | |
84,249 | |||
Capital Goods - 0.0% | |||
ATS Automation Tooling System, Inc. 4.125% 12/15/28 (d) | 1,015 | 868 | |
Chemicals - 1.7% | |||
Cheever Escrow Issuer LLC 7.125% 10/1/27 (d) | 880 | 808 | |
Compass Minerals International, Inc. 6.75% 12/1/27 (d) | 3,850 | 3,622 | |
Gpd Companies, Inc. 10.125% 4/1/26 (d) | 370 | 331 | |
Ingevity Corp. 3.875% 11/1/28 (d) | 1,515 | 1,279 | |
Kronos Acquisition Holdings, Inc. / KIK Custom Products, Inc. 5% 12/31/26 (d) | 495 | 449 | |
LSB Industries, Inc. 6.25% 10/15/28 (d) | 3,360 | 3,051 | |
Olin Corp. 5% 2/1/30 | 1,555 | 1,407 | |
Olympus Water U.S. Holding Corp. 4.25% 10/1/28 (d) | 1,695 | 1,376 | |
SCIH Salt Holdings, Inc. 4.875% 5/1/28 (d) | 1,035 | 898 | |
SCIL IV LLC / SCIL U.S.A. Holdings LLC 5.375% 11/1/26 (d) | 1,985 | 1,578 | |
The Chemours Co. LLC: | |||
5.375% 5/15/27 | 4,500 | 4,029 | |
5.75% 11/15/28 (d) | 2,165 | 1,839 | |
Tronox, Inc. 4.625% 3/15/29 (d) | 1,705 | 1,317 | |
Valvoline, Inc. 4.25% 2/15/30 (d) | 1,155 | 1,112 | |
W.R. Grace Holding LLC 5.625% 8/15/29 (d) | 9,055 | 6,999 | |
30,095 | |||
Consumer Products - 1.0% | |||
Angi Group LLC 3.875% 8/15/28 (d) | 750 | 549 | |
Diamond BC BV 4.625% 10/1/29 (d) | 1,015 | 746 | |
Foundation Building Materials, Inc. 6% 3/1/29 (d) | 735 | 508 | |
Gannett Holdings LLC 6% 11/1/26 (d) | 1,230 | 920 | |
HFC Prestige Products, Inc./HFC Prestige International U.S. LLC 4.75% 1/15/29 (d) | 1,240 | 1,077 | |
Millennium Escrow Corp. 6.625% 8/1/26 (d) | 1,660 | 1,195 | |
PetSmart, Inc. / PetSmart Finance Corp.: | |||
4.75% 2/15/28 (d) | 1,280 | 1,168 | |
7.75% 2/15/29 (d) | 1,120 | 1,052 | |
Spectrum Brands Holdings, Inc. 3.875% 3/15/31 (d) | 1,080 | 797 | |
Tempur Sealy International, Inc.: | |||
3.875% 10/15/31 (d) | 2,230 | 1,674 | |
4% 4/15/29 (d) | 2,545 | 2,047 | |
The Scotts Miracle-Gro Co. 4% 4/1/31 | 1,530 | 1,172 | |
TKC Holdings, Inc. 6.875% 5/15/28 (d) | 5,855 | 4,860 | |
17,765 | |||
Containers - 0.6% | |||
Crown Americas LLC/Crown Americas Capital Corp. IV 4.75% 2/1/26 | 4,780 | 4,575 | |
Crown Americas LLC/Crown Americas Capital Corp. V 4.25% 9/30/26 | 1,210 | 1,118 | |
Graham Packaging Co., Inc. 7.125% 8/15/28 (d) | 825 | 676 | |
Graphic Packaging International, Inc. 3.75% 2/1/30 (d) | 1,125 | 967 | |
Intelligent Packaging Ltd. Finco, Inc. 6% 9/15/28 (d) | 570 | 424 | |
LABL, Inc. 5.875% 11/1/28 (d) | 2,095 | 1,820 | |
Trivium Packaging Finance BV 5.5% 8/15/26 (d) | 1,075 | 987 | |
10,567 | |||
Diversified Financial Services - 2.4% | |||
Broadstreet Partners, Inc. 5.875% 4/15/29 (d) | 2,115 | 1,697 | |
Cargo Aircraft Management, Inc. 4.75% 2/1/28 (d) | 965 | 856 | |
Coinbase Global, Inc.: | |||
3.375% 10/1/28 (d) | 1,270 | 830 | |
3.625% 10/1/31 (d) | 1,270 | 752 | |
Compass Group Diversified Holdings LLC: | |||
5% 1/15/32 (d) | 870 | 634 | |
5.25% 4/15/29 (d) | 2,270 | 1,952 | |
Hightower Holding LLC 6.75% 4/15/29 (d) | 785 | 639 | |
Icahn Enterprises LP/Icahn Enterprises Finance Corp.: | |||
4.375% 2/1/29 | 3,415 | 2,851 | |
5.25% 5/15/27 | 5,725 | 5,274 | |
6.25% 5/15/26 | 8,840 | 8,509 | |
LPL Holdings, Inc. 4% 3/15/29 (d) | 2,520 | 2,199 | |
MSCI, Inc.: | |||
3.25% 8/15/33 (d) | 1,245 | 962 | |
4% 11/15/29 (d) | 900 | 781 | |
OneMain Finance Corp.: | |||
4% 9/15/30 | 720 | 544 | |
5.375% 11/15/29 | 9,325 | 7,647 | |
6.625% 1/15/28 | 1,185 | 1,076 | |
6.875% 3/15/25 | 775 | 752 | |
7.125% 3/15/26 | 4,710 | 4,545 | |
Shift4 Payments LLC / Shift4 Payments Finance Sub, Inc. 4.625% 11/1/26 (d) | 510 | 470 | |
42,970 | |||
Diversified Media - 0.3% | |||
Terrier Media Buyer, Inc. 8.875% 12/15/27 (d) | 5,660 | 4,797 | |
Energy - 9.0% | |||
Altus Midstream LP 5.875% 6/15/30 (d) | 1,335 | 1,252 | |
Antero Midstream Partners LP/Antero Midstream Finance Corp.: | |||
5.375% 6/15/29 (d) | 1,205 | 1,099 | |
5.75% 3/1/27 (d) | 2,655 | 2,528 | |
5.75% 1/15/28 (d) | 1,705 | 1,606 | |
Atlantica Sustainable Infrastructure PLC 4.125% 6/15/28 (d) | 1,045 | 886 | |
Callon Petroleum Co. 6.375% 7/1/26 | 1,080 | 1,036 | |
CGG SA 8.75% 4/1/27 (d) | 1,530 | 1,353 | |
Cheniere Energy Partners LP: | |||
3.25% 1/31/32 | 1,270 | 988 | |
4% 3/1/31 | 7,980 | 6,728 | |
Cheniere Energy, Inc. 4.625% 10/15/28 | 2,980 | 2,749 | |
Chesapeake Energy Corp.: | |||
4.875% 12/31/49 (b)(g) | 2,950 | 0 | |
5.75% 3/15/23 (b)(g) | 1,890 | 0 | |
5.875% 2/1/29 (d) | 2,735 | 2,584 | |
6.75% 4/15/29 (d) | 1,150 | 1,126 | |
7% 10/1/24 (b)(g) | 840 | 0 | |
8% 1/15/25 (b)(g) | 480 | 0 | |
8% 6/15/27 (b)(g) | 300 | 0 | |
Citgo Holding, Inc. 9.25% 8/1/24 (d) | 1,880 | 1,882 | |
Citgo Petroleum Corp.: | |||
6.375% 6/15/26 (d) | 1,105 | 1,088 | |
7% 6/15/25 (d) | 3,035 | 2,988 | |
CNX Midstream Partners LP 4.75% 4/15/30 (d) | 900 | 740 | |
CNX Resources Corp.: | |||
6% 1/15/29 (d) | 690 | 644 | |
7.375% 1/15/31 (d) | 890 | 883 | |
Colgate Energy Partners III LLC 5.875% 7/1/29 (d) | 1,165 | 1,081 | |
Comstock Resources, Inc.: | |||
5.875% 1/15/30 (d) | 4,426 | 3,994 | |
6.75% 3/1/29 (d) | 7,095 | 6,793 | |
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.: | |||
5.625% 5/1/27 (d) | 12,200 | 11,475 | |
6% 2/1/29 (d) | 8,530 | 7,976 | |
CrownRock LP/CrownRock Finance, Inc. 5% 5/1/29 (d) | 665 | 604 | |
CVR Energy, Inc.: | |||
5.25% 2/15/25 (d) | 3,075 | 2,963 | |
5.75% 2/15/28 (d) | 3,170 | 2,869 | |
DCP Midstream Operating LP: | |||
5.85% 5/21/43 (d)(e) | 5,780 | 5,593 | |
8.125% 8/16/30 | 130 | 139 | |
Delek Logistics Partners LP 7.125% 6/1/28 (d) | 2,645 | 2,368 | |
DT Midstream, Inc.: | |||
4.125% 6/15/29 (d) | 1,215 | 1,050 | |
4.375% 6/15/31 (d) | 1,215 | 1,024 | |
Endeavor Energy Resources LP/EER Finance, Inc. 5.75% 1/30/28 (d) | 1,365 | 1,327 | |
EnLink Midstream LLC: | |||
5.375% 6/1/29 | 650 | 600 | |
6.5% 9/1/30 (d) | 1,765 | 1,734 | |
Hess Midstream Partners LP: | |||
4.25% 2/15/30 (d) | 1,345 | 1,150 | |
5.125% 6/15/28 (d) | 1,570 | 1,444 | |
5.5% 10/15/30 (d) | 890 | 803 | |
5.625% 2/15/26 (d) | 2,690 | 2,638 | |
Hilcorp Energy I LP/Hilcorp Finance Co. 6.25% 11/1/28 (d) | 310 | 291 | |
Holly Energy Partners LP/Holly Energy Finance Corp.: | |||
5% 2/1/28 (d) | 1,060 | 958 | |
6.375% 4/15/27 (d) | 890 | 857 | |
KLX Energy Services Holdings, Inc. 11.5% 11/1/25 (d) | 2,300 | 1,882 | |
Magnolia Oil & Gas Operating LLC 6% 8/1/26 (d) | 2,055 | 1,996 | |
MEG Energy Corp. 7.125% 2/1/27 (d) | 1,580 | 1,608 | |
Mesquite Energy, Inc. 7.25% 2/15/23 (b)(d)(g) | 6,264 | 0 | |
Nabors Industries Ltd.: | |||
7.25% 1/15/26 (d) | 1,580 | 1,525 | |
7.5% 1/15/28 (d) | 1,360 | 1,261 | |
New Fortress Energy, Inc.: | |||
6.5% 9/30/26 (d) | 3,115 | 3,022 | |
6.75% 9/15/25 (d) | 3,630 | 3,564 | |
NGL Energy Operating LLC/NGL Energy Finance Corp. 7.5% 2/1/26 (d) | 1,410 | 1,276 | |
Occidental Petroleum Corp.: | |||
3.5% 8/15/29 | 1,870 | 1,697 | |
5.875% 9/1/25 | 3,000 | 3,023 | |
6.125% 1/1/31 | 3,010 | 3,018 | |
6.2% 3/15/40 | 800 | 770 | |
6.375% 9/1/28 | 2,410 | 2,446 | |
6.45% 9/15/36 | 2,650 | 2,629 | |
6.6% 3/15/46 | 1,590 | 1,565 | |
6.625% 9/1/30 | 2,995 | 3,115 | |
7.2% 3/15/29 | 545 | 559 | |
7.5% 5/1/31 | 155 | 167 | |
8.875% 7/15/30 | 1,595 | 1,810 | |
PBF Holding Co. LLC/PBF Finance Corp.: | |||
6% 2/15/28 | 3,845 | 3,494 | |
7.25% 6/15/25 | 2,125 | 2,102 | |
PBF Logistics LP/PBF Logistics Finance, Inc. 6.875% 5/15/23 | 4,415 | 4,417 | |
SM Energy Co.: | |||
5.625% 6/1/25 | 2,480 | 2,409 | |
6.625% 1/15/27 | 850 | 833 | |
6.75% 9/15/26 | 845 | 832 | |
Southwestern Energy Co.: | |||
5.375% 3/15/30 | 1,665 | 1,540 | |
7.75% 10/1/27 | 1,285 | 1,322 | |
Suburban Propane Partners LP/Suburban Energy Finance Corp. 5% 6/1/31 (d) | 1,610 | 1,353 | |
Summit Midstream Holdings LLC 8.5% (d)(h) | 1,290 | 1,238 | |
Sunoco LP/Sunoco Finance Corp.: | |||
4.5% 5/15/29 | 1,320 | 1,134 | |
4.5% 4/30/30 | 1,710 | 1,454 | |
6% 4/15/27 | 4,740 | 4,644 | |
Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp.: | |||
6% 9/1/31 (d) | 1,245 | 1,108 | |
7.5% 10/1/25 (d) | 1,120 | 1,131 | |
Targa Resources Partners LP/Targa Resources Partners Finance Corp. 4.875% 2/1/31 | 1,405 | 1,240 | |
Teine Energy Ltd. 6.875% 4/15/29 (d) | 1,145 | 1,021 | |
Venture Global Calcasieu Pass LLC: | |||
3.875% 8/15/29 (d) | 1,035 | 888 | |
4.125% 8/15/31 (d) | 1,035 | 882 | |
161,866 | |||
Environmental - 0.7% | |||
Covanta Holding Corp.: | |||
4.875% 12/1/29 (d) | 2,885 | 2,456 | |
5% 9/1/30 | 1,495 | 1,245 | |
Darling Ingredients, Inc.: | |||
5.25% 4/15/27 (d) | 2,655 | 2,549 | |
6% 6/15/30 (d) | 2,040 | 1,964 | |
GFL Environmental, Inc.: | |||
4% 8/1/28 (d) | 1,275 | 1,103 | |
4.75% 6/15/29 (d) | 1,625 | 1,416 | |
Madison IAQ LLC: | |||
4.125% 6/30/28 (d) | 1,535 | 1,270 | |
5.875% 6/30/29 (d) | 1,225 | 839 | |
12,842 | |||
Food & Drug Retail - 1.1% | |||
Albertsons Companies LLC/Safeway, Inc./New Albertson's, Inc./Albertson's LLC: | |||
3.5% 3/15/29 (d) | 4,630 | 3,831 | |
4.625% 1/15/27 (d) | 4,225 | 3,915 | |
4.875% 2/15/30 (d) | 6,100 | 5,414 | |
BellRing Brands, Inc. 7% 3/15/30 (d) | 2,425 | 2,290 | |
Murphy Oil U.S.A., Inc. 3.75% 2/15/31 (d) | 675 | 562 | |
Parkland Corp.: | |||
4.5% 10/1/29 (d) | 1,145 | 964 | |
4.625% 5/1/30 (d) | 1,735 | 1,443 | |
SEG Holding LLC/SEG Finance Corp. 5.625% 10/15/28 (d) | 1,470 | 1,358 | |
19,777 | |||
Food/Beverage/Tobacco - 2.0% | |||
C&S Group Enterprises LLC 5% 12/15/28 (d) | 1,110 | 821 | |
Chobani LLC/Finance Corp., Inc. 4.625% 11/15/28 (d) | 855 | 743 | |
JBS U.S.A. Lux SA / JBS Food Co. 5.5% 1/15/30 (d) | 10,845 | 9,886 | |
KeHE Distributors LLC / KeHE Finance Corp. 8.625% 10/15/26 (d) | 1,185 | 1,179 | |
Lamb Weston Holdings, Inc.: | |||
4.125% 1/31/30 (d) | 1,720 | 1,502 | |
4.375% 1/31/32 (d) | 860 | 739 | |
Performance Food Group, Inc.: | |||
4.25% 8/1/29 (d) | 1,160 | 983 | |
5.5% 10/15/27 (d) | 1,353 | 1,279 | |
Pilgrim's Pride Corp.: | |||
4.25% 4/15/31 (d) | 2,740 | 2,282 | |
5.875% 9/30/27 (d) | 1,110 | 1,085 | |
Post Holdings, Inc.: | |||
4.5% 9/15/31 (d) | 6,170 | 5,104 | |
4.625% 4/15/30 (d) | 2,050 | 1,730 | |
5.5% 12/15/29 (d) | 865 | 778 | |
5.625% 1/15/28 (d) | 3,640 | 3,403 | |
Simmons Foods, Inc. 4.625% 3/1/29 (d) | 1,070 | 893 | |
TreeHouse Foods, Inc. 4% 9/1/28 | 500 | 422 | |
Triton Water Holdings, Inc. 6.25% 4/1/29 (d) | 810 | 613 | |
U.S. Foods, Inc. 4.625% 6/1/30 (d) | 1,070 | 928 | |
United Natural Foods, Inc. 6.75% 10/15/28 (d) | 1,055 | 1,019 | |
35,389 | |||
Gaming - 2.9% | |||
Affinity Gaming LLC 6.875% 12/15/27 (d) | 550 | 459 | |
Boyd Gaming Corp. 4.75% 6/15/31 (d) | 4,225 | 3,569 | |
Caesars Entertainment, Inc.: | |||
4.625% 10/15/29 (d) | 2,530 | 2,024 | |
6.25% 7/1/25 (d) | 5,705 | 5,567 | |
8.125% 7/1/27 (d) | 11,605 | 11,286 | |
Caesars Resort Collection LLC 5.75% 7/1/25 (d) | 1,900 | 1,856 | |
CDI Escrow Issuer, Inc. 5.75% 4/1/30 (d) | 890 | 803 | |
Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc.: | |||
4.625% 1/15/29 (d) | 4,710 | 4,096 | |
6.75% 1/15/30 (d) | 4,950 | 3,886 | |
Jacobs Entertainment, Inc. 6.75% 2/15/29 (d) | 1,250 | 1,102 | |
Melco Resorts Finance Ltd. 5.75% 7/21/28 (d) | 600 | 345 | |
MGM Resorts International 4.75% 10/15/28 | 1,470 | 1,275 | |
Peninsula Pacific Entertainment LLC 8.5% 11/15/27 (d) | 2,515 | 2,700 | |
Premier Entertainment Sub LLC: | |||
5.625% 9/1/29 (d) | 5,570 | 4,122 | |
5.875% 9/1/31 (d) | 2,910 | 2,062 | |
Station Casinos LLC 4.625% 12/1/31 (d) | 1,300 | 1,033 | |
Studio City Finance Ltd. 5% 1/15/29 (d) | 725 | 301 | |
VICI Properties LP / VICI Note Co.: | |||
3.875% 2/15/29 (d) | 1,445 | 1,217 | |
4.25% 12/1/26 (d) | 3,015 | 2,746 | |
4.625% 12/1/29 (d) | 1,720 | 1,496 | |
51,945 | |||
Healthcare - 4.1% | |||
180 Medical, Inc. 3.875% 10/15/29 (d) | 910 | 769 | |
Avantor Funding, Inc. 3.875% 11/1/29 (d) | 860 | 726 | |
Cano Health, Inc. 6.25% 10/1/28 (d) | 565 | 454 | |
Catalent Pharma Solutions: | �� | ||
3.5% 4/1/30 (d) | 850 | 686 | |
5% 7/15/27 (d) | 595 | 559 | |
Charles River Laboratories International, Inc.: | |||
3.75% 3/15/29 (d) | 1,365 | 1,181 | |
4% 3/15/31 (d) | 1,545 | 1,300 | |
4.25% 5/1/28 (d) | 485 | 441 | |
Community Health Systems, Inc.: | |||
4.75% 2/15/31 (d) | 2,860 | 1,916 | |
5.25% 5/15/30 (d) | 2,625 | 1,818 | |
5.625% 3/15/27 (d) | 945 | 753 | |
6% 1/15/29 (d) | 1,085 | 805 | |
6.125% 4/1/30 (d) | 2,910 | 1,193 | |
8% 3/15/26 (d) | 11,505 | 9,923 | |
DaVita HealthCare Partners, Inc.: | |||
3.75% 2/15/31 (d) | 535 | 387 | |
4.625% 6/1/30 (d) | 4,545 | 3,543 | |
Encompass Health Corp. 5.75% 9/15/25 | 400 | 396 | |
Grifols Escrow Issuer SA 4.75% 10/15/28 (d) | 850 | 664 | |
HealthEquity, Inc. 4.5% 10/1/29 (d) | 895 | 782 | |
Hologic, Inc. 4.625% 2/1/28 (d) | 645 | 603 | |
IQVIA, Inc. 5% 10/15/26 (d) | 1,125 | 1,072 | |
Jazz Securities DAC 4.375% 1/15/29 (d) | 1,635 | 1,451 | |
ModivCare Escrow Issuer, Inc. 5% 10/1/29 (d) | 955 | 813 | |
Modivcare, Inc. 5.875% 11/15/25 (d) | 1,105 | 1,050 | |
Molina Healthcare, Inc.: | |||
3.875% 11/15/30 (d) | 1,360 | 1,156 | |
3.875% 5/15/32 (d) | 1,730 | 1,443 | |
Option Care Health, Inc. 4.375% 10/31/29 (d) | 950 | 820 | |
Organon & Co. / Organon Foreign Debt Co-Issuer BV: | |||
4.125% 4/30/28 (d) | 3,525 | 3,105 | |
5.125% 4/30/31 (d) | 2,410 | 2,047 | |
Owens & Minor, Inc. 4.5% 3/31/29 (d) | 1,065 | 825 | |
Radiology Partners, Inc. 9.25% 2/1/28 (d) | 2,905 | 1,537 | |
RP Escrow Issuer LLC 5.25% 12/15/25 (d) | 1,340 | 1,002 | |
Syneos Health, Inc. 3.625% 1/15/29 (d) | 1,080 | 894 | |
Tenet Healthcare Corp.: | |||
4.25% 6/1/29 (d) | 8,360 | 7,043 | |
4.375% 1/15/30 (d) | 6,245 | 5,240 | |
6.125% 10/1/28 (d) | 1,470 | 1,272 | |
6.125% 6/15/30 (d) | 3,610 | 3,333 | |
6.25% 2/1/27 (d) | 9,945 | 9,491 | |
Teva Pharmaceutical Finance Netherlands III BV: | |||
4.75% 5/9/27 | 865 | 763 | |
5.125% 5/9/29 | 865 | 742 | |
73,998 | |||
Homebuilders/Real Estate - 1.9% | |||
Arcosa, Inc. 4.375% 4/15/29 (d) | 1,075 | 927 | |
Ashton Woods U.S.A. LLC/Ashton Woods Finance Co. 4.625% 4/1/30 (d) | 1,240 | 920 | |
Brookfield Residential Properties, Inc./Brookfield Residential U.S. Corp. 4.875% 2/15/30 (d) | 1,080 | 830 | |
Century Communities, Inc. 3.875% 8/15/29 (d) | 1,245 | 980 | |
DTZ U.S. Borrower LLC 6.75% 5/15/28 (d) | 1,455 | 1,384 | |
MPT Operating Partnership LP/MPT Finance Corp.: | |||
3.5% 3/15/31 | 1,445 | 994 | |
5% 10/15/27 | 9,710 | 8,315 | |
Realogy Group LLC/Realogy Co-Issuer Corp. 5.75% 1/15/29 (d) | 4,695 | 3,338 | |
Realogy Group LLC/Realogy Co.-Issuer Corp. 5.25% 4/15/30 (d) | 1,725 | 1,196 | |
Shea Homes Ltd. Partnership/Corp. 4.75% 4/1/29 (d) | 1,070 | 872 | |
Taylor Morrison Communities, Inc./Monarch Communities, Inc.: | |||
5.125% 8/1/30 (d) | 1,416 | 1,175 | |
5.75% 1/15/28 (d) | 2,100 | 1,925 | |
5.875% 6/15/27 (d) | 1,490 | 1,397 | |
TopBuild Corp. 3.625% 3/15/29 (d) | 755 | 600 | |
TRI Pointe Homes, Inc. 5.7% 6/15/28 | 1,965 | 1,702 | |
Uniti Group LP / Uniti Group Finance, Inc.: | |||
4.75% 4/15/28 (d) | 4,258 | 3,481 | |
6.5% 2/15/29 (d) | 5,265 | 3,778 | |
Weekley Homes LLC/Weekley Finance Corp. 4.875% 9/15/28 (d) | 675 | 544 | |
34,358 | |||
Hotels - 0.3% | |||
Carnival Holdings (Bermuda) Ltd. 10.375% 5/1/28 (d) | 2,825 | 2,861 | |
Hilton Domestic Operating Co., Inc.: | |||
3.75% 5/1/29 (d) | 725 | 618 | |
4% 5/1/31 (d) | 1,085 | 907 | |
4.875% 1/15/30 | 1,180 | 1,058 | |
5,444 | |||
Insurance - 1.0% | |||
Acrisure LLC / Acrisure Finance, Inc.: | |||
6% 8/1/29 (d) | 1,240 | 1,028 | |
7% 11/15/25 (d) | 5,750 | 5,404 | |
Alliant Holdings Intermediate LLC: | |||
4.25% 10/15/27 (d) | 1,470 | 1,323 | |
5.875% 11/1/29 (d) | 1,290 | 1,087 | |
6.75% 10/15/27 (d) | 2,525 | 2,304 | |
AmWINS Group, Inc. 4.875% 6/30/29 (d) | 1,205 | 1,030 | |
AssuredPartners, Inc. 5.625% 1/15/29 (d) | 845 | 695 | |
HUB International Ltd.: | |||
5.625% 12/1/29 (d) | 1,895 | 1,625 | |
7% 5/1/26 (d) | 1,750 | 1,728 | |
MGIC Investment Corp. 5.25% 8/15/28 | 1,040 | 944 | |
17,168 | |||
Leisure - 1.7% | |||
Boyne U.S.A., Inc. 4.75% 5/15/29 (d) | 840 | 735 | |
Carnival Corp.: | |||
4% 8/1/28 (d) | 5,050 | 4,069 | |
7.625% 3/1/26 (d) | 2,775 | 2,087 | |
9.875% 8/1/27 (d) | 2,250 | 2,098 | |
NCL Corp. Ltd. 5.875% 2/15/27 (d) | 1,770 | 1,582 | |
Royal Caribbean Cruises Ltd.: | |||
5.375% 7/15/27 (d) | 1,295 | 1,007 | |
8.25% 1/15/29 (d) | 2,240 | 2,233 | |
9.25% 1/15/29 (d) | 2,240 | 2,272 | |
11.5% 6/1/25 (d) | 4,411 | 4,742 | |
11.625% 8/15/27 (d) | 1,765 | 1,716 | |
SeaWorld Parks & Entertainment, Inc. 5.25% 8/15/29 (d) | 1,665 | 1,432 | |
Vail Resorts, Inc. 6.25% 5/15/25 (d) | 850 | 846 | |
Viking Cruises Ltd. 13% 5/15/25 (d) | 1,265 | 1,360 | |
Viking Ocean Cruises Ship VII Ltd. 5.625% 2/15/29 (d) | 625 | 487 | |
Voc Escrow Ltd. 5% 2/15/28 (d) | 4,075 | 3,355 | |
30,021 | |||
Metals/Mining - 1.6% | |||
Alcoa Nederland Holding BV 4.125% 3/31/29 (d) | 1,980 | 1,677 | |
Alpha Natural Resources, Inc. 9.75% 4/15/18 (b)(g) | 1,770 | 0 | |
Arconic Corp.: | |||
6% 5/15/25 (d) | 900 | 891 | |
6.125% 2/15/28 (d) | 2,475 | 2,320 | |
Cleveland-Cliffs, Inc.: | |||
4.625% 3/1/29 (d) | 3,200 | 2,755 | |
4.875% 3/1/31 (d) | 1,480 | 1,250 | |
5.875% 6/1/27 | 4,015 | 3,734 | |
Eldorado Gold Corp. 6.25% 9/1/29 (d) | 1,895 | 1,533 | |
ERO Copper Corp. 6.5% 2/15/30 (d) | 1,320 | 967 | |
First Quantum Minerals Ltd.: | |||
6.5% 3/1/24 (d) | 2,395 | 2,336 | |
6.875% 3/1/26 (d) | 2,600 | 2,433 | |
7.5% 4/1/25 (d) | 5,335 | 5,138 | |
FMG Resources Pty Ltd. 4.375% 4/1/31 (d) | 1,145 | 904 | |
HudBay Minerals, Inc. 4.5% 4/1/26 (d) | 905 | 794 | |
Mineral Resources Ltd.: | |||
8% 11/1/27 (d) | 895 | 880 | |
8.5% 5/1/30 (d) | 660 | 649 | |
28,261 | |||
Paper - 0.7% | |||
Ardagh Metal Packaging Finance U.S.A. LLC/Ardagh Metal Packaging Finance PLC: | |||
3.25% 9/1/28 (d) | 760 | 623 | |
4% 9/1/29 (d) | 1,515 | 1,149 | |
6% 6/15/27 (d) | 890 | 854 | |
Cascades, Inc.: | |||
5.125% 1/15/26 (d) | 790 | 709 | |
5.375% 1/15/28 (d) | 790 | 676 | |
Clydesdale Acquisition Holdings, Inc.: | |||
6.625% 4/15/29 (d) | 1,060 | 1,006 | |
8.75% 4/15/30 (d) | 4,665 | 4,099 | |
Enviva Partners LP / Enviva Partners Finance Corp. 6.5% 1/15/26 (d) | 1,575 | 1,512 | |
Glatfelter Corp. 4.75% 11/15/29 (d) | 1,290 | 830 | |
Mercer International, Inc. 5.125% 2/1/29 | 1,920 | 1,577 | |
13,035 | |||
Publishing/Printing - 0.1% | |||
Clear Channel International BV 6.625% 8/1/25 (d) | 2,185 | 2,082 | |
Railroad - 0.1% | |||
First Student Bidco, Inc./First Transit Parent, Inc. 4% 7/31/29 (d) | 1,245 | 1,012 | |
Restaurants - 0.8% | |||
1011778 BC Unlimited Liability Co./New Red Finance, Inc.: | |||
3.875% 1/15/28 (d) | 1,630 | 1,433 | |
4% 10/15/30 (d) | 5,185 | 4,232 | |
4.375% 1/15/28 (d) | 5,490 | 4,815 | |
Bloomin Brands, Inc. / OSI Restaurant Partners LLC 5.125% 4/15/29 (d) | 715 | 608 | |
Garden SpinCo Corp. 8.625% 7/20/30 (d) | 775 | 797 | |
Papa John's International, Inc. 3.875% 9/15/29 (d) | 765 | 622 | |
Yum! Brands, Inc. 4.625% 1/31/32 | 1,530 | 1,308 | |
13,815 | |||
Services - 2.7% | |||
Adtalem Global Education, Inc. 5.5% 3/1/28 (d) | 1,335 | 1,218 | |
Allied Universal Holdco LLC / Allied Universal Finance Corp. 6% 6/1/29 (d) | 2,450 | 1,701 | |
ASGN, Inc. 4.625% 5/15/28 (d) | 1,350 | 1,200 | |
Atlas Luxco 4 SARL / Allied Universal Holdco LLC / Allied Universal Finance Corp.: | |||
4.625% 6/1/28 (d) | 3,249 | 2,718 | |
4.625% 6/1/28 (d) | 1,921 | 1,571 | |
Booz Allen Hamilton, Inc.: | |||
3.875% 9/1/28 (d) | 1,385 | 1,220 | |
4% 7/1/29 (d) | 805 | 704 | |
CoreCivic, Inc. 8.25% 4/15/26 | 7,790 | 7,904 | |
Fair Isaac Corp. 4% 6/15/28 (d) | 1,530 | 1,384 | |
Gartner, Inc.: | |||
3.625% 6/15/29 (d) | 1,160 | 986 | |
3.75% 10/1/30 (d) | 1,535 | 1,289 | |
GEMS MENASA Cayman Ltd. 7.125% 7/31/26 (d) | 1,360 | 1,276 | |
H&E Equipment Services, Inc. 3.875% 12/15/28 (d) | 2,415 | 2,041 | |
Hertz Corp.: | |||
4.625% 12/1/26 (d) | 740 | 631 | |
5% 12/1/29 (d) | 1,435 | 1,137 | |
5.5% 10/15/24 (b)(d)(g) | 1,505 | 34 | |
6% 1/15/28 (b)(d)(g) | 1,385 | 81 | |
6.25% 12/31/49 (b)(g) | 1,605 | 2 | |
7.125% 8/1/26 (b)(d)(g) | 1,430 | 57 | |
IAA, Inc. 5.5% 6/15/27 (d) | 755 | 707 | |
Iron Mountain, Inc.: | |||
4.5% 2/15/31 (d) | 2,975 | 2,410 | |
4.875% 9/15/29 (d) | 3,800 | 3,267 | |
Service Corp. International 4% 5/15/31 | 1,610 | 1,337 | |
Sotheby's 7.375% 10/15/27 (d) | 640 | 619 | |
Sotheby's/Bidfair Holdings, Inc. 5.875% 6/1/29 (d) | 2,410 | 2,014 | |
The GEO Group, Inc.: | |||
9.5% 12/31/28 (d) | 1,360 | 1,251 | |
10.5% 6/30/28 | 3,459 | 3,459 | |
TriNet Group, Inc. 3.5% 3/1/29 (d) | 1,135 | 941 | |
Uber Technologies, Inc.: | |||
4.5% 8/15/29 (d) | 3,730 | 3,197 | |
6.25% 1/15/28 (d) | 1,225 | 1,164 | |
WASH Multifamily Acquisition, Inc. 5.75% 4/15/26 (d) | 1,285 | 1,198 | |
48,718 | |||
Steel - 0.2% | |||
Commercial Metals Co. 3.875% 2/15/31 | 780 | 632 | |
Infrabuild Australia Pty Ltd. 12% 10/1/24 (d) | 1,790 | 1,660 | |
Roller Bearing Co. of America, Inc. 4.375% 10/15/29 (d) | 610 | 535 | |
2,827 | |||
Super Retail - 1.4% | |||
Asbury Automotive Group, Inc.: | |||
4.5% 3/1/28 | 492 | 427 | |
4.625% 11/15/29 (d) | 6,520 | 5,363 | |
4.75% 3/1/30 | 489 | 401 | |
5% 2/15/32 (d) | 1,535 | 1,238 | |
Bath & Body Works, Inc.: | |||
6.625% 10/1/30 (d) | 4,210 | 3,766 | |
6.75% 7/1/36 | 1,340 | 1,107 | |
7.5% 6/15/29 | 1,135 | 1,073 | |
Carvana Co. 5.5% 4/15/27 (d) | 2,380 | 1,131 | |
EG Global Finance PLC 8.5% 10/30/25 (d) | 2,595 | 2,397 | |
Lithia Motors, Inc. 3.875% 6/1/29 (d) | 1,770 | 1,426 | |
Macy's Retail Holdings LLC: | |||
5.875% 3/15/30 (d) | 920 | 772 | |
6.125% 3/15/32 (d) | 885 | 735 | |
Michaels Companies, Inc. 5.25% 5/1/28 (d) | 1,865 | 1,324 | |
Nordstrom, Inc.: | |||
4.25% 8/1/31 | 3,515 | 2,552 | |
4.375% 4/1/30 | 530 | 407 | |
5% 1/15/44 | 250 | 158 | |
6.95% 3/15/28 | 75 | 70 | |
24,347 | |||
Technology - 4.3% | |||
Acuris Finance U.S. 5% 5/1/28 (d) | 6,410 | 5,192 | |
Black Knight InfoServ LLC 3.625% 9/1/28 (d) | 1,545 | 1,338 | |
Block, Inc. 3.5% 6/1/31 | 1,615 | 1,300 | |
CA Magnum Holdings 5.375% 10/31/26 (d) | 690 | 578 | |
Camelot Finance SA 4.5% 11/1/26 (d) | 1,515 | 1,416 | |
CDW LLC/CDW Finance Corp. 4.25% 4/1/28 | 2,320 | 2,044 | |
Central Parent, Inc./Central Merger Sub, Inc. 7.25% 6/15/29 (d) | 1,345 | 1,286 | |
Clarivate Science Holdings Corp.: | |||
3.875% 7/1/28 (d) | 1,440 | 1,235 | |
4.875% 7/1/29 (d) | 1,360 | 1,134 | |
Coherent Corp. 5% 12/15/29 (d) | 1,350 | 1,158 | |
Crowdstrike Holdings, Inc. 3% 2/15/29 | 1,130 | 952 | |
Elastic NV 4.125% 7/15/29 (d) | 2,630 | 2,196 | |
Go Daddy Operating Co. LLC / GD Finance Co., Inc.: | |||
3.5% 3/1/29 (d) | 6,860 | 5,689 | |
5.25% 12/1/27 (d) | 1,495 | 1,400 | |
ION Trading Technologies Ltd. 5.75% 5/15/28 (d) | 1,605 | 1,276 | |
Iron Mountain Information Management Services, Inc. 5% 7/15/32 (d) | 1,295 | 1,068 | |
MicroStrategy, Inc. 6.125% 6/15/28 (d) | 4,490 | 3,847 | |
NCR Corp.: | |||
5% 10/1/28 (d) | 750 | 630 | |
5.125% 4/15/29 (d) | 3,710 | 3,114 | |
5.25% 10/1/30 (d) | 750 | 606 | |
Northwest Fiber LLC/Northwest Fiber Finance Sub, Inc. 10.75% 6/1/28 (d) | 815 | 765 | |
onsemi 3.875% 9/1/28 (d) | 5,500 | 4,846 | |
Open Text Corp.: | |||
3.875% 2/15/28 (d) | 3,790 | 3,244 | |
3.875% 12/1/29 (d) | 955 | 757 | |
Open Text Holdings, Inc.: | |||
4.125% 2/15/30 (d) | 790 | 629 | |
4.125% 12/1/31 (d) | 780 | 587 | |
Pitney Bowes, Inc. 7.25% 3/15/29 (d) | 765 | 490 | |
PTC, Inc.: | |||
3.625% 2/15/25 (d) | 925 | 882 | |
4% 2/15/28 (d) | 915 | 829 | |
Rackspace Hosting, Inc. 5.375% 12/1/28 (d) | 830 | 349 | |
Roblox Corp. 3.875% 5/1/30 (d) | 3,295 | 2,718 | |
Sensata Technologies BV 4% 4/15/29 (d) | 1,530 | 1,289 | |
Synaptics, Inc. 4% 6/15/29 (d) | 900 | 743 | |
TTM Technologies, Inc. 4% 3/1/29 (d) | 1,135 | 948 | |
Twilio, Inc.: | |||
3.625% 3/15/29 | 6,425 | 5,306 | |
3.875% 3/15/31 | 1,340 | 1,093 | |
Uber Technologies, Inc.: | |||
7.5% 9/15/27 (d) | 4,885 | 4,884 | |
8% 11/1/26 (d) | 7,110 | 7,136 | |
Unisys Corp. 6.875% 11/1/27 (d) | 830 | 694 | |
Veritas U.S., Inc./Veritas Bermuda Ltd. 7.5% 9/1/25 (d) | 2,600 | 2,188 | |
77,836 | |||
Telecommunications - 6.1% | |||
Altice Financing SA: | |||
5% 1/15/28 (d) | 1,580 | 1,249 | |
5.75% 8/15/29 (d) | 7,315 | 5,775 | |
Altice France SA: | |||
5.125% 7/15/29 (d) | 9,000 | 6,779 | |
5.5% 1/15/28 (d) | 3,740 | 2,998 | |
5.5% 10/15/29 (d) | 14,870 | 11,338 | |
8.125% 2/1/27 (d) | 3,925 | 3,596 | |
C&W Senior Financing Designated Activity Co. 6.875% 9/15/27 (d) | 7,020 | 6,072 | |
Cablevision Lightpath LLC: | |||
3.875% 9/15/27 (d) | 735 | 625 | |
5.625% 9/15/28 (d) | 580 | 461 | |
Cogent Communications Group, Inc. 7% 6/15/27 (d) | 885 | 840 | |
Frontier Communications Holdings LLC: | |||
5% 5/1/28 (d) | 2,830 | 2,476 | |
5.875% 10/15/27 (d) | 1,375 | 1,265 | |
6% 1/15/30 (d) | 855 | 669 | |
6.75% 5/1/29 (d) | 895 | 737 | |
8.75% 5/15/30 (d) | 890 | 909 | |
Intelsat Jackson Holdings SA 6.5% 3/15/30 (d) | 3,610 | 3,313 | |
LCPR Senior Secured Financing DAC: | |||
5.125% 7/15/29 (d) | 1,895 | 1,597 | |
6.75% 10/15/27 (d) | 1,453 | 1,355 | |
Level 3 Financing, Inc.: | |||
3.625% 1/15/29 (d) | 8,140 | 6,207 | |
3.75% 7/15/29 (d) | 3,160 | 2,401 | |
Millicom International Cellular SA 4.5% 4/27/31 (d) | 235 | 176 | |
Northwest Fiber LLC/Northwest Fiber Finance Sub, Inc.: | |||
4.75% 4/30/27 (d) | 850 | 764 | |
6% 2/15/28 (d) | 565 | 443 | |
Sable International Finance Ltd. 5.75% 9/7/27 (d) | 4,935 | 4,349 | |
SBA Communications Corp.: | |||
3.125% 2/1/29 | 1,695 | 1,370 | |
3.875% 2/15/27 | 6,375 | 5,738 | |
Sprint Capital Corp.: | |||
6.875% 11/15/28 | 6,720 | 6,935 | |
8.75% 3/15/32 | 5,625 | 6,602 | |
Sprint Corp. 7.625% 3/1/26 | 2,190 | 2,286 | |
T-Mobile U.S.A., Inc. 3.5% 4/15/31 | 575 | 483 | |
Uniti Group, Inc.: | |||
6% 1/15/30 (d) | 2,125 | 1,450 | |
7.875% 2/15/25 (d) | 2,455 | 2,430 | |
Virgin Media Finance PLC 5% 7/15/30 (d) | 4,635 | 3,714 | |
VMED O2 UK Financing I PLC 4.75% 7/15/31 (d) | 2,875 | 2,323 | |
Windstream Escrow LLC 7.75% 8/15/28 (d) | 8,515 | 7,368 | |
Zayo Group Holdings, Inc. 4% 3/1/27 (d) | 2,675 | 2,066 | |
109,159 | |||
Textiles/Apparel - 0.3% | |||
Crocs, Inc.: | |||
4.125% 8/15/31 (d) | 825 | 625 | |
4.25% 3/15/29 (d) | 1,110 | 885 | |
Foot Locker, Inc. 4% 10/1/29 (d) | 850 | 650 | |
Kontoor Brands, Inc. 4.125% 11/15/29 (d) | 760 | 609 | |
Victoria's Secret & Co. 4.625% 7/15/29 (d) | 3,425 | 2,725 | |
5,494 | |||
Transportation Ex Air/Rail - 0.1% | |||
Seaspan Corp. 5.5% 8/1/29 (d) | 1,240 | 955 | |
Utilities - 2.7% | |||
Clearway Energy Operating LLC: | |||
3.75% 2/15/31 (d) | 1,705 | 1,424 | |
3.75% 1/15/32 (d) | 850 | 673 | |
4.75% 3/15/28 (d) | 970 | 896 | |
NRG Energy, Inc.: | |||
3.375% 2/15/29 (d) | 665 | 554 | |
3.625% 2/15/31 (d) | 1,320 | 1,050 | |
3.875% 2/15/32 (d) | 2,070 | 1,632 | |
5.25% 6/15/29 (d) | 1,615 | 1,466 | |
5.75% 1/15/28 | 2,890 | 2,756 | |
Pacific Gas & Electric Co.: | |||
3.45% 7/1/25 | 400 | 372 | |
3.75% 7/1/28 | 400 | 341 | |
3.75% 8/15/42 | 640 | 405 | |
3.95% 12/1/47 | 3,240 | 2,089 | |
4% 12/1/46 | 3,350 | 2,130 | |
4.55% 7/1/30 | 4,919 | 4,308 | |
PG&E Corp.: | |||
5% 7/1/28 | 10,140 | 9,139 | |
5.25% 7/1/30 | 1,150 | 1,018 | |
Pike Corp. 5.5% 9/1/28 (d) | 4,495 | 3,838 | |
TerraForm Global, Inc. 6.125% 3/1/26 (d) | 3,460 | 3,185 | |
Vistra Operations Co. LLC: | |||
4.375% 5/1/29 (d) | 3,105 | 2,656 | |
5% 7/31/27 (d) | 3,565 | 3,289 | |
5.5% 9/1/26 (d) | 1,822 | 1,749 | |
5.625% 2/15/27 (d) | 4,435 | 4,228 | |
49,198 | |||
TOTAL NONCONVERTIBLE BONDS | 1,194,180 | ||
TOTAL CORPORATE BONDS (Cost $1,366,750) | 1,207,328 | ||
Common Stocks - 9.4% | |||
Shares | Value ($) (000s) | ||
Automotive & Auto Parts - 0.0% | |||
UC Holdings, Inc. (b)(i) | 29,835 | 129 | |
Banks & Thrifts - 0.0% | |||
Mr. Cooper Group, Inc. (i) | 1,504 | 59 | |
Broadcasting - 0.2% | |||
Nexstar Broadcasting Group, Inc. Class A | 24,948 | 4,274 | |
Building Materials - 0.1% | |||
Builders FirstSource, Inc. (i) | 18,700 | 1,153 | |
Cable/Satellite TV - 0.0% | |||
Altice U.S.A., Inc. Class A (i) | 49,400 | 327 | |
Chemicals - 0.3% | |||
CF Industries Holdings, Inc. | 29,300 | 3,113 | |
The Chemours Co. LLC | 88,500 | 2,534 | |
TOTAL CHEMICALS | 5,647 | ||
Consumer Products - 0.2% | |||
Tapestry, Inc. | 47,300 | 1,498 | |
Tempur Sealy International, Inc. | 103,811 | 2,791 | |
TOTAL CONSUMER PRODUCTS | 4,289 | ||
Containers - 0.4% | |||
Berry Global Group, Inc. (i) | 29,800 | 1,410 | |
Graphic Packaging Holding Co. | 159,900 | 3,671 | |
WestRock Co. | 45,700 | 1,557 | |
TOTAL CONTAINERS | 6,638 | ||
Diversified Financial Services - 0.3% | |||
MasterCard, Inc. Class A | 5,700 | 1,871 | |
OneMain Holdings, Inc. | 103,100 | 3,976 | |
TOTAL DIVERSIFIED FINANCIAL SERVICES | 5,847 | ||
Energy - 2.5% | |||
Antero Resources Corp. (i) | 47,902 | 1,756 | |
California Resources Corp. | 282,351 | 12,737 | |
California Resources Corp. warrants 10/27/24 (i) | 8,300 | 118 | |
Cheniere Energy, Inc. | 30,300 | 5,345 | |
Chesapeake Energy Corp. | 70,288 | 7,188 | |
Chesapeake Energy Corp. (c)(i) | 3,530 | 361 | |
Diamond Offshore Drilling, Inc. (i)(j) | 16,382 | 161 | |
Diamondback Energy, Inc. | 20,800 | 3,268 | |
EP Energy Corp. (b)(i) | 147,125 | 1,231 | |
Forbes Energy Services Ltd. (b)(i) | 65,062 | 0 | |
Jonah Energy Parent LLC (b)(i) | 73,213 | 4,656 | |
Mesquite Energy, Inc. (b)(i) | 90,382 | 5,010 | |
Noble Corp. PLC (i) | 1,410 | 51 | |
PureWest Energy (b) | 3,289 | 0 | |
PureWest Energy rights (b)(i) | 1,983 | 0 | |
Superior Energy Services, Inc. Class A (b)(i) | 17,671 | 1,337 | |
Tidewater, Inc. warrants 11/14/42 (i) | 12,651 | 472 | |
TOTAL ENERGY | 43,691 | ||
Entertainment/Film - 0.0% | |||
New Cotai LLC/New Cotai Capital Corp. (b)(c)(i) | 1,458,195 | 0 | |
Environmental - 0.1% | |||
Darling Ingredients, Inc. (i) | 24,137 | 1,894 | |
Food & Drug Retail - 0.3% | |||
Northeast Grocery, Inc. (b)(c) | 339,746 | 377 | |
Southeastern Grocers, Inc. (b)(c)(i) | 250,623 | 5,421 | |
TOTAL FOOD & DRUG RETAIL | 5,798 | ||
Food/Beverage/Tobacco - 0.2% | |||
JBS SA | 684,100 | 3,306 | |
Gaming - 0.7% | |||
Boyd Gaming Corp. | 74,300 | 4,292 | |
Caesars Entertainment, Inc. (i) | 165,000 | 7,215 | |
Studio City International Holdings Ltd.: | |||
ADR (d) | 32,338 | 65 | |
(NYSE) ADR (i) | 35,600 | 71 | |
TOTAL GAMING | 11,643 | ||
Healthcare - 0.6% | |||
Charles River Laboratories International, Inc. (i) | 10,500 | 2,229 | |
IQVIA Holdings, Inc. (i) | 23,000 | 4,822 | |
Tenet Healthcare Corp. (i) | 15,300 | 679 | |
UnitedHealth Group, Inc. | 6,400 | 3,553 | |
TOTAL HEALTHCARE | 11,283 | ||
Metals/Mining - 0.1% | |||
First Quantum Minerals Ltd. | 116,000 | 2,046 | |
Warrior Metropolitan Coal, Inc. | 692 | 26 | |
TOTAL METALS/MINING | 2,072 | ||
Services - 0.4% | |||
ASGN, Inc. (i) | 44,100 | 3,739 | |
Visa, Inc. Class A | 11,500 | 2,382 | |
TOTAL SERVICES | 6,121 | ||
Super Retail - 0.5% | |||
Amazon.com, Inc. (i) | 14,100 | 1,444 | |
Arena Brands Holding Corp. Class B (b)(c)(i) | 42,253 | 425 | |
Dick's Sporting Goods, Inc. | 14,800 | 1,684 | |
Lowe's Companies, Inc. | 18,500 | 3,607 | |
Williams-Sonoma, Inc. | 11,300 | 1,399 | |
TOTAL SUPER RETAIL | 8,559 | ||
Technology - 2.1% | |||
Adobe, Inc. (i) | 5,400 | 1,720 | |
Advanced Micro Devices, Inc. (i) | 25,400 | 1,526 | |
CDW Corp. | 28,200 | 4,873 | |
Fiserv, Inc. (i) | 28,300 | 2,908 | |
Global Payments, Inc. | 25,600 | 2,925 | |
Lam Research Corp. | 4,700 | 1,902 | |
Marvell Technology, Inc. | 82,100 | 3,258 | |
Microchip Technology, Inc. | 66,600 | 4,112 | |
Microsoft Corp. | 17,700 | 4,109 | |
NVIDIA Corp. | 13,100 | 1,768 | |
NXP Semiconductors NV | 7,100 | 1,037 | |
onsemi (i) | 89,360 | 5,489 | |
Salesforce.com, Inc. (i) | 10,286 | 1,672 | |
SS&C Technologies Holdings, Inc. | 19,563 | 1,006 | |
TOTAL TECHNOLOGY | 38,305 | ||
Telecommunications - 0.0% | |||
GTT Communications, Inc. rights (b)(i) | 65,582 | 66 | |
Textiles/Apparel - 0.0% | |||
Victoria's Secret & Co. (i) | 13,433 | 505 | |
Utilities - 0.4% | |||
NRG Energy, Inc. | 58,300 | 2,589 | |
PG&E Corp. (i) | 307,379 | 4,589 | |
TOTAL UTILITIES | 7,178 | ||
TOTAL COMMON STOCKS (Cost $128,389) | 168,784 | ||
Bank Loan Obligations - 6.0% | |||
Principal Amount (a) (000s) | Value ($) (000s) | ||
Air Transportation - 0.3% | |||
Air Canada Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.500% 6.421% 8/11/28 (e)(f)(k) | 1,237 | 1,206 | |
Dynasty Acquisition Co., Inc.: | |||
Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.500% 7.2539% 4/8/26 (e)(f)(k) | 196 | 184 | |
Tranche B2 1LN, term loan 1 month U.S. LIBOR + 3.500% 7.2539% 4/4/26 (e)(f)(k) | 105 | 99 | |
SkyMiles IP Ltd. Tranche B 1LN, term loan 3 month U.S. LIBOR + 3.750% 7.9926% 10/20/27 (e)(f)(k) | 465 | 469 | |
United Airlines, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 8.1084% 4/21/28 (e)(f)(k) | 3,448 | 3,358 | |
TOTAL AIR TRANSPORTATION | 5,316 | ||
Automotive & Auto Parts - 0.0% | |||
PECF USS Intermediate Holding III Corp. Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.250% 8.0039% 12/17/28 (e)(f)(k) | 328 | 251 | |
Banks & Thrifts - 0.1% | |||
Citadel Securities LP Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.500% 6.3432% 2/27/28 (e)(f)(k) | 1,221 | 1,209 | |
Broadcasting - 0.1% | |||
Diamond Sports Group LLC 1LN, term loan CME Term SOFR 1 Month Index + 8.000% 11.208% 5/25/26 (e)(f)(k) | 896 | 859 | |
Univision Communications, Inc.: | |||
1LN, term loan CME Term SOFR 1 Month Index + 4.250% 7.7896% 6/10/29 (e)(f)(k) | 115 | 112 | |
Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.250% 7.0039% 1/31/29 (e)(f)(k) | 1,000 | 959 | |
TOTAL BROADCASTING | 1,930 | ||
Building Materials - 0.3% | |||
Acproducts Holdings, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.250% 7.3247% 5/17/28 (e)(f)(k) | 3,165 | 2,195 | |
Hunter Douglas, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 6.3399% 2/25/29 (e)(f)(k) | 3,337 | 2,760 | |
SRS Distribution, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.500% 7.2539% 6/4/28 (e)(f)(k) | 854 | 792 | |
TOTAL BUILDING MATERIALS | 5,747 | ||
Cable/Satellite TV - 0.2% | |||
Numericable LLC Tranche B 12LN, term loan 3 month U.S. LIBOR + 3.680% 7.7666% 1/31/26 (e)(f)(k) | 4,603 | 4,128 | |
Chemicals - 0.4% | |||
Avient Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 7.3442% 8/29/29 (e)(f)(k) | 120 | 119 | |
Discovery Purchaser Corp. 1LN, term loan CME Term SOFR 1 Month Index + 4.370% 7.9683% 10/4/29 (e)(f)(k) | 6,200 | 5,656 | |
Olympus Water U.S. Holding Corp. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 7.4375% 11/9/28 (e)(f)(k) | 516 | 469 | |
W.R. Grace Holding LLC Tranche B 1LN, term loan 3 month U.S. LIBOR + 3.750% 7.4375% 9/22/28 (e)(f)(k) | 377 | 361 | |
TOTAL CHEMICALS | 6,605 | ||
Consumer Products - 0.3% | |||
Kronos Acquisition Holdings, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 6.8196% 12/22/26 (e)(f)(k) | 2,528 | 2,384 | |
The Golub Corp. 2LN, term loan 3 month U.S. LIBOR + 13.500% 16.37% 5/8/26 (b)(e)(f)(k) | 2,107 | 2,107 | |
TOTAL CONSUMER PRODUCTS | 4,491 | ||
Containers - 0.0% | |||
Kloeckner Pentaplast of America, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.750% 8.2592% 2/9/26 (e)(f)(k) | 187 | 156 | |
Energy - 0.2% | |||
Citgo Petroleum Corp. Tranche B 1LN, term loan 1 month U.S. LIBOR + 6.250% 10.0039% 3/28/24 (e)(f)(k) | 3,624 | 3,622 | |
Forbes Energy Services LLC Tranche B, term loan 0% 12/31/49 (b)(e)(g)(k) | 610 | 0 | |
Mesquite Energy, Inc.: | |||
1LN, term loan 3 month U.S. LIBOR + 8.000% 0% (b)(f)(g)(k) | 1,671 | 0 | |
term loan 3 month U.S. LIBOR + 0.000% 0% (b)(f)(g)(k) | 721 | 0 | |
Natgasoline LLC Tranche B, term loan 3 month U.S. LIBOR + 3.500% 7.3125% 11/14/25 (b)(e)(f)(k) | 332 | 325 | |
TOTAL ENERGY | 3,947 | ||
Environmental - 0.1% | |||
Covanta Holding Corp.: | |||
Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.500% 6.2287% 11/30/28 (e)(f)(k) | 315 | 310 | |
Tranche C 1LN, term loan 1 month U.S. LIBOR + 2.500% 6.2287% 11/30/28 (e)(f)(k) | 24 | 23 | |
Madison IAQ LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.250% 6.8153% 6/21/28 (e)(f)(k) | 405 | 365 | |
TOTAL ENVIRONMENTAL | 698 | ||
Food/Beverage/Tobacco - 0.0% | |||
Bengal Debt Merger Sub LLC 1LN, term loan CME TERM SOFR 3 MONTH INDEX + 3.250% 6.9032% 1/24/29 (e)(f)(k) | 329 | 300 | |
Gaming - 0.3% | |||
Fertitta Entertainment LLC NV Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 7.7287% 1/27/29 (e)(f)(k) | 5,522 | 5,169 | |
Scientific Games Corp. 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 6.4024% 4/7/29 (e)(f)(k) | 349 | 344 | |
TOTAL GAMING | 5,513 | ||
Healthcare - 0.4% | |||
Gainwell Acquisition Corp. Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.000% 7.6741% 10/1/27 (e)(f)(k) | 2,288 | 2,170 | |
Jazz Financing Lux SARL Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.500% 7.2539% 5/5/28 (e)(f)(k) | 828 | 818 | |
Organon & Co. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.000% 6.1875% 6/2/28 (e)(f)(k) | 2,155 | 2,098 | |
Phoenix Newco, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.250% 7.0039% 11/15/28 (e)(f)(k) | 980 | 942 | |
PRA Health Sciences, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.250% 5.9375% 7/3/28 (e)(f)(k) | 254 | 251 | |
TOTAL HEALTHCARE | 6,279 | ||
Hotels - 0.5% | |||
Carnival Finance LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.250% 6.1269% 10/18/28 (e)(f)(k) | 9,077 | 8,299 | |
Insurance - 0.5% | |||
Acrisure LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.250% 8.0039% 2/15/27 (e)(f)(k) | 203 | 193 | |
Alliant Holdings Intermediate LLC: | |||
Tranche B-2 1LN, term loan 1 month U.S. LIBOR + 3.250% 7.0039% 5/9/25 (e)(f)(k) | 1,630 | 1,581 | |
Tranche B3 1LN, term loan 1 month U.S. LIBOR + 3.500% 6.9799% 11/12/27 (e)(f)(k) | 1,784 | 1,721 | |
HUB International Ltd. Tranche B 1LN, term loan: | |||
1 month U.S. LIBOR + 3.250% 7.5268% 4/25/25 (e)(f)(k) | 5,774 | 5,664 | |
CME Term SOFR 1 Month Index + 4.000% 11/10/29 (f)(k)(l) | 150 | 146 | |
TOTAL INSURANCE | 9,305 | ||
Paper - 0.2% | |||
Clydesdale Acquisition Holdings, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 4.170% 8.0037% 4/13/29 (e)(f)(k) | 3,137 | 3,017 | |
Services - 0.8% | |||
ABG Intermediate Holdings 2 LLC: | |||
Tranche B 2LN, term loan CME Term SOFR 1 Month Index + 6.000% 9.8287% 12/20/29 (e)(f)(k) | 165 | 152 | |
Tranche B1 LN, term loan CME Term SOFR 1 Month Index + 3.500% 7.3287% 12/21/28 (e)(f)(k) | 773 | 741 | |
Ascend Learning LLC: | |||
2LN, term loan 1 month U.S. LIBOR + 5.750% 9.5039% 12/10/29 (e)(f)(k) | 2,170 | 1,836 | |
Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.500% 7.2539% 12/10/28 (e)(f)(k) | 6,203 | 5,678 | |
KUEHG Corp.: | |||
Tranche B 2LN, term loan 3 month U.S. LIBOR + 8.250% 12.0039% 8/22/25 (e)(f)(k) | 2,615 | 2,518 | |
Tranche B, term loan 3 month U.S. LIBOR + 3.750% 7.5039% 2/21/25 (e)(f)(k) | 761 | 728 | |
Sabert Corp. Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.500% 8.3125% 12/10/26 (b)(e)(f)(k) | 1,002 | 979 | |
Spin Holdco, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.000% 7.1441% 3/4/28 (e)(f)(k) | 2,665 | 2,339 | |
TOTAL SERVICES | 14,971 | ||
Specialty Retailing - 0.0% | |||
New SK Holdco Sub LLC 1LN, term loan CME Term SOFR 1 Month Index + 8.350% 11.7257% 6/30/27 (e)(f)(k) | 112 | 101 | |
Super Retail - 0.0% | |||
Michaels Companies, Inc. 1LN, term loan 1 month U.S. LIBOR + 4.250% 7.9241% 4/15/28 (e)(f)(k) | 726 | 557 | |
Technology - 0.9% | |||
Acuris Finance U.S., Inc. 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 7.7032% 2/16/28 (e)(f)(k) | 142 | 139 | |
Athenahealth Group, Inc.: | |||
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 6.9671% 2/15/29 (e)(f)(k) | 4,150 | 3,784 | |
Tranche DD 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 2/15/29 (f)(k)(m) | 705 | 643 | |
Camelot Finance SA Tranche B, term loan 1 month U.S. LIBOR + 3.000% 6.7539% 10/31/26 (e)(f)(k) | 143 | 141 | |
DG Investment Intermediate Holdings, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 7.5039% 3/31/28 (e)(f)(k) | 257 | 242 | |
Hunter U.S. Bidco, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.250% 7.9241% 8/19/28 (e)(f)(k) | 1,570 | 1,507 | |
Icon Luxembourg Sarl Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.250% 5.9375% 7/3/28 (e)(f)(k) | 1,019 | 1,008 | |
Peraton Corp. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 7.5039% 2/1/28 (e)(f)(k) | 1,760 | 1,692 | |
Polaris Newco LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.000% 7.6741% 6/2/28 (e)(f)(k) | 901 | 821 | |
Proofpoint, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.250% 6.3196% 8/31/28 (e)(f)(k) | 883 | 839 | |
RealPage, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.000% 6.7539% 4/22/28 (e)(f)(k) | 767 | 720 | |
STG-Fairway Holdings LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.750% 6.5039% 1/31/27 (e)(f)(k) | 390 | 385 | |
Ultimate Software Group, Inc.: | |||
1LN, term loan 1 month U.S. LIBOR + 3.250% 6.9983% 5/3/26 (e)(f)(k) | 3,975 | 3,830 | |
2LN, term loan 1 month U.S. LIBOR + 5.250% 8.9983% 5/3/27 (e)(f)(k) | 570 | 523 | |
VS Buyer LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.000% 6.7539% 2/28/27 (e)(f)(k) | 317 | 308 | |
TOTAL TECHNOLOGY | 16,582 | ||
Telecommunications - 0.2% | |||
Frontier Communications Holdings LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 7.4375% 5/1/28 (e)(f)(k) | 675 | 636 | |
GTT Communications, Inc. Tranche B, term loan 3 month U.S. LIBOR + 4.750% 10% 5/31/25 (e)(f)(k) | 1,795 | 1,236 | |
Securus Technologies Holdings Tranche B, term loan 3 month U.S. LIBOR + 4.500% 8.1741% 11/1/24 (e)(f)(k) | 935 | 776 | |
Zayo Group Holdings, Inc. 1LN, term loan 1 month U.S. LIBOR + 3.000% 6.7539% 3/9/27 (e)(f)(k) | 1,082 | 875 | |
TOTAL TELECOMMUNICATIONS | 3,523 | ||
Utilities - 0.2% | |||
PG&E Corp. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.000% 6.8125% 6/23/25 (e)(f)(k) | 3,715 | 3,649 | |
TOTAL BANK LOAN OBLIGATIONS (Cost $115,799) | 106,574 | ||
Preferred Securities - 7.2% | |||
Principal Amount (a) (000s) | Value ($) (000s) | ||
Banks & Thrifts - 6.3% | |||
Ally Financial, Inc. 4.7% (e)(h) | 945 | 645 | |
Bank of America Corp.: | |||
5.125% (e)(h) | 12,000 | 11,544 | |
5.875% (e)(h) | 14,280 | 12,400 | |
6.1% (e)(h) | 2,590 | 2,519 | |
Citigroup, Inc.: | |||
4.15% (e)(h) | 10,000 | 7,899 | |
4.7% (e)(h) | 2,135 | 1,739 | |
5% (e)(h) | 13,000 | 11,656 | |
5.35% (e)(h) | 12,655 | 12,491 | |
6.3% (e)(h) | 4,585 | 4,408 | |
Goldman Sachs Group, Inc.: | |||
4.4% (e)(h) | 1,120 | 930 | |
4.95% (e)(h) | 1,880 | 1,716 | |
5.3% (e)(h) | 15,000 | 14,473 | |
JPMorgan Chase & Co.: | |||
4% (e)(h) | 4,755 | 3,975 | |
4.6% (e)(h) | 3,265 | 2,951 | |
5% (e)(h) | 24,800 | 23,163 | |
TOTAL BANKS & THRIFTS | 112,509 | ||
Energy - 0.9% | |||
Energy Transfer LP: | |||
6.25% (e)(h) | 1,625 | 1,373 | |
6.625% (e)(h) | 456 | 333 | |
7.125% (e)(h) | 17,150 | 14,785 | |
TOTAL ENERGY | 16,491 | ||
TOTAL PREFERRED SECURITIES (Cost $145,415) | 129,000 | ||
Other - 1.2% | |||
Shares | Value ($) (000s) | ||
Other - 1.2% | |||
Fidelity Direct Lending Fund, LP (c)(n) (Cost $22,645) | 22,391 | ||
Money Market Funds - 8.0% | |||
Shares | Value ($) (000s) | ||
Fidelity Cash Central Fund 3.10% (o) | 143,693,604 | 143,722 | |
Fidelity Securities Lending Cash Central Fund 3.10% (o)(p) | 138,986 | 139 | |
TOTAL MONEY MARKET FUNDS (Cost $143,861) | 143,861 | ||
TOTAL INVESTMENT IN SECURITIES - 99.3% (Cost $1,922,859) | 1,777,938 |
NET OTHER ASSETS (LIABILITIES) - 0.7% | 11,785 |
NET ASSETS - 100.0% | 1,789,723 |
(a) | Amount is stated in United States dollars unless otherwise noted. |
(b) | Level 3 security |
(c) | 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 $40,472,000 or 2.3% of net assets. |
(d) | 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 $898,199,000 or 50.2% of net assets. |
(e) | Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end. |
(f) | Coupon is indexed to a floating interest rate which may be multiplied by a specified factor and/or subject to caps or floors. |
(g) | Non-income producing - Security is in default. |
(h) | Security is perpetual in nature with no stated maturity date. |
(i) | Non-income producing |
(j) | Security or a portion of the security is on loan at period end. |
(k) | 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. |
(l) | The coupon rate will be determined upon settlement of the loan after period end. |
(m) | 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 $705,000 and $643,000, respectively. |
(n) | Affiliated Fund |
(o) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(p) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) (000s) |
Arena Brands Holding Corp. Class B | 6/18/97 - 7/13/98 | 1,538 |
Chesapeake Energy Corp. | 2/10/21 | 33 |
Fidelity Direct Lending Fund, LP | 12/09/21 - 10/31/22 | 22,645 |
Mesquite Energy, Inc. 15% 7/15/23 | 7/10/20 - 1/18/22 | 711 |
Mesquite Energy, Inc. 15% 7/15/23 | 11/05/20 - 1/18/22 | 1,228 |
New Cotai LLC/New Cotai Capital Corp. | 9/11/20 | 7,224 |
Northeast Grocery, Inc. | 11/08/21 | 135 |
Southeastern Grocers, Inc. | 6/01/18 | 1,763 |
Affiliate (Amounts in thousands) | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 3.10% | 237,311 | 618,603 | 712,192 | 1,638 | - | - | 143,722 | 0.3% |
Fidelity Securities Lending Cash Central Fund 3.10% | - | 56,249 | 56,110 | 5 | - | - | 139 | 0.0% |
Total | 237,311 | 674,852 | 768,302 | 1,643 | - | - | 143,861 | |
Affiliate (Amounts in thousands) | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) |
Fidelity Direct Lending Fund, LP | - | 22,645 | - | 1,051 | - | (254) | 22,391 |
- | 22,645 | - | 1,051 | - | (254) | 22,391 |
Valuation Inputs at Reporting Date: | ||||
Description (Amounts in thousands) | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 4,601 | 4,601 | - | - |
Consumer Discretionary | 25,125 | 24,571 | - | 554 |
Consumer Staples | 10,998 | 5,200 | - | 5,798 |
Energy | 43,691 | 30,985 | 472 | 12,234 |
Financials | 4,035 | 4,035 | - | - |
Health Care | 11,283 | 11,283 | - | - |
Industrials | 4,892 | 4,892 | - | - |
Information Technology | 42,624 | 42,558 | - | 66 |
Materials | 14,357 | 14,357 | - | - |
Utilities | 7,178 | 7,178 | - | - |
Corporate Bonds | 1,207,328 | - | 1,194,006 | 13,322 |
Bank Loan Obligations | 106,574 | - | 103,163 | 3,411 |
Preferred Securities | 129,000 | - | 129,000 | - |
Money Market Funds | 143,861 | 143,861 | - | - |
Total Investments in Securities: | 1,755,547 | 293,521 | 1,426,641 | 35,385 |
(Amounts in thousands) | |||
Investments in Securities: | |||
Energy | |||
Beginning Balance | $ | 21,025 | |
Net Realized Gain (Loss) on Investment Securities | (37) | ||
Net Unrealized Gain (Loss) on Investment Securities | 3,931 | ||
Cost of Purchases | - | ||
Proceeds of Sales | (12,602) | ||
Amortization/Accretion | - | ||
Transfers into Level 3 | 1 | ||
Transfers out of Level 3 | (84) | ||
Ending Balance | $ | 12,234 | |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at October 31, 2022 | $ | 3,931 | |
Other Investments in Securities | |||
Beginning Balance | $ | 24,363 | |
Net Realized Gain (Loss) on Investment Securities | (2,682) | ||
Net Unrealized Gain (Loss) on Investment Securities | 4,184 | ||
Cost of Purchases | 4,046 | ||
Proceeds of Sales | (4,536) | ||
Amortization/Accretion | 508 | ||
Transfers into Level 3 | 1,439 | ||
Transfers out of Level 3 | (4,171) | ||
Ending Balance | $ | 23,151 | |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at October 31, 2022 | $ | 1,940 | |
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. 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. The cost of purchases and the proceeds of sales may include securities received or delivered through corporate actions or exchanges. 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 | ||||
Amounts in thousands (except per-share amounts) | October 31, 2022 | |||
Assets | ||||
Investment in securities, at value (including securities loaned of $137) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $1,756,353) | $1,611,686 | |||
Fidelity Central Funds (cost $143,861) | 143,861 | |||
Other affiliated issuers (cost $22,645) | 22,391 | |||
Total Investment in Securities (cost $1,922,859) | $ | 1,777,938 | ||
Cash | 917 | |||
Foreign currency held at value (cost $57) | 57 | |||
Receivable for investments sold | 1,471 | |||
Receivable for fund shares sold | 1,116 | |||
Dividends receivable | 319 | |||
Interest receivable | 21,127 | |||
Distributions receivable from Fidelity Central Funds | 404 | |||
Prepaid expenses | 3 | |||
Other receivables | 8 | |||
Total assets | 1,803,360 | |||
Liabilities | ||||
Payable for investments purchased | $8,491 | |||
Payable for fund shares redeemed | 2,940 | |||
Distributions payable | 721 | |||
Accrued management fee | 833 | |||
Distribution and service plan fees payable | 190 | |||
Other affiliated payables | 244 | |||
Other payables and accrued expenses | 79 | |||
Collateral on securities loaned | 139 | |||
Total Liabilities | 13,637 | |||
Net Assets | $ | 1,789,723 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 1,862,961 | ||
Total accumulated earnings (loss) | (73,238) | |||
Net Assets | $ | 1,789,723 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($462,864 ÷ 42,463 shares) (a) | $ | 10.90 | ||
Maximum offering price per share (100/96.00 of $10.90) | $ | 11.35 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($238,446 ÷ 21,748 shares) (a) | $ | 10.96 | ||
Maximum offering price per share (100/96.00 of $10.96) | $ | 11.42 | ||
Class C : | ||||
Net Asset Value and offering price per share ($56,047 ÷ 5,151 shares) (a) | $ | 10.88 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($695,712 ÷ 68,278 shares) | $ | 10.19 | ||
Class Z : | ||||
Net Asset Value , offering price and redemption price per share ($336,654 ÷ 33,034 shares) | $ | 10.19 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Amounts in thousands | Year ended October 31, 2022 | |||
Investment Income | ||||
Dividends (including $1,051 earned from affiliated issuers) | $ | 14,323 | ||
Interest | 78,719 | |||
Income from Fidelity Central Funds (including $5 from security lending) | 1,643 | |||
Total Income | 94,685 | |||
Expenses | ||||
Management fee | $ | 10,601 | ||
Transfer agent fees | 2,582 | |||
Distribution and service plan fees | 2,580 | |||
Accounting fees | 640 | |||
Custodian fees and expenses | 22 | |||
Independent trustees' fees and expenses | 7 | |||
Registration fees | 121 | |||
Audit | 82 | |||
Legal | 397 | |||
Miscellaneous | 8 | |||
Total expenses before reductions | 17,040 | |||
Expense reductions | (42) | |||
Total expenses after reductions | 16,998 | |||
Net Investment income (loss) | 77,687 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 77,987 | |||
Foreign currency transactions | (8) | |||
Total net realized gain (loss) | 77,979 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (380,791) | |||
Affiliated issuers | (254) | |||
Assets and liabilities in foreign currencies | (1) | |||
Total change in net unrealized appreciation (depreciation) | (381,046) | |||
Net gain (loss) | (303,067) | |||
Net increase (decrease) in net assets resulting from operations | $ | (225,380) |
Statement of Changes in Net Assets | ||||
Amount in thousands | Year ended October 31, 2022 | Year ended October 31, 2021 | ||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 77,687 | $ | 60,093 |
Net realized gain (loss) | 77,979 | 51,905 | ||
Change in net unrealized appreciation (depreciation) | (381,046) | 225,914 | ||
Net increase (decrease) in net assets resulting from operations | (225,380) | 337,912 | ||
Distributions to shareholders | (118,721) | (59,129) | ||
Share transactions - net increase (decrease) | (69,934) | 460,911 | ||
Total increase (decrease) in net assets | (414,035) | 739,694 | ||
Net Assets | ||||
Beginning of period | 2,203,758 | 1,464,064 | ||
End of period | $ | 1,789,723 | $ | 2,203,758 |
Fidelity Advisor® High Income Advantage Fund Class A |
Years ended October 31, | 2022 | 2021 | 2020 | 2019 | 2018 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 12.94 | $ | 10.95 | $ | 11.12 | $ | 10.93 | $ | 11.41 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .455 | .382 | .422 | .517 | .606 | |||||
Net realized and unrealized gain (loss) | (1.803) | 1.989 | (.169) | .260 | (.543) | |||||
Total from investment operations | (1.348) | 2.371 | .253 | .777 | .063 | |||||
Distributions from net investment income | (.433) | (.381) | (.417) | (.587) | (.543) | |||||
Distributions from net realized gain | (.259) | - | (.006) | - | - | |||||
Total distributions | (.692) | (.381) | (.423) | (.587) | (.543) | |||||
Redemption fees added to paid in capital A | - | - | - | - | - C | |||||
Net asset value, end of period | $ | 10.90 | $ | 12.94 | $ | 10.95 | $ | 11.12 | $ | 10.93 |
Total Return D,E | (10.75)% | 21.85% | 2.41% | 7.41% | .50% | |||||
Ratios to Average Net Assets B,F,G | ||||||||||
Expenses before reductions | 1.01% | .99% | 1.00% | 1.01% | .99% | |||||
Expenses net of fee waivers, if any | 1.01% | .99% | 1.00% | 1.00% | .99% | |||||
Expenses net of all reductions | 1.01% | .99% | 1.00% | 1.00% | .99% | |||||
Net investment income (loss) | 3.88% | 3.07% | 3.91% | 4.70% | 5.35% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (in millions) | $ | 463 | $ | 566 | $ | 462 | $ | 515 | $ | 467 |
Portfolio turnover rate H | 29% | 27% | 48% | 53% | 45% |
Fidelity Advisor® High Income Advantage Fund Class M |
Years ended October 31, | 2022 | 2021 | 2020 | 2019 | 2018 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 13.01 | $ | 11.01 | $ | 11.18 | $ | 10.99 | $ | 11.47 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .458 | .385 | .425 | .521 | .611 | |||||
Net realized and unrealized gain (loss) | (1.813) | 1.998 | (.169) | .259 | (.545) | |||||
Total from investment operations | (1.355) | 2.383 | .256 | .780 | .066 | |||||
Distributions from net investment income | (.436) | (.383) | (.420) | (.590) | (.546) | |||||
Distributions from net realized gain | (.259) | - | (.006) | - | - | |||||
Total distributions | (.695) | (.383) | (.426) | (.590) | (.546) | |||||
Redemption fees added to paid in capital A | - | - | - | - | - C | |||||
Net asset value, end of period | $ | 10.96 | $ | 13.01 | $ | 11.01 | $ | 11.18 | $ | 10.99 |
Total Return D,E | (10.75)% | 21.84% | 2.43% | 7.39% | .53% | |||||
Ratios to Average Net Assets B,F,G | ||||||||||
Expenses before reductions | 1.01% | .99% | 1.00% | 1.00% | .98% | |||||
Expenses net of fee waivers, if any | 1.01% | .99% | 1.00% | 1.00% | .98% | |||||
Expenses net of all reductions | 1.01% | .99% | 1.00% | 1.00% | .98% | |||||
Net investment income (loss) | 3.89% | 3.08% | 3.91% | 4.71% | 5.36% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (in millions) | $ | 238 | $ | 300 | $ | 266 | $ | 329 | $ | 337 |
Portfolio turnover rate H | 29% | 27% | 48% | 53% | 45% |
Fidelity Advisor® High Income Advantage Fund Class C |
Years ended October 31, | 2022 | 2021 | 2020 | 2019 | 2018 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 12.92 | $ | 10.93 | $ | 11.10 | $ | 10.91 | $ | 11.39 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .366 | .286 | .339 | .434 | .520 | |||||
Net realized and unrealized gain (loss) | (1.804) | 1.988 | (.169) | .258 | (.543) | |||||
Total from investment operations | (1.438) | 2.274 | .170 | .692 | (.023) | |||||
Distributions from net investment income | (.343) | (.284) | (.334) | (.502) | (.457) | |||||
Distributions from net realized gain | (.259) | - | (.006) | - | - | |||||
Total distributions | (.602) | (.284) | (.340) | (.502) | (.457) | |||||
Redemption fees added to paid in capital A | - | - | - | - | - C | |||||
Net asset value, end of period | $ | 10.88 | $ | 12.92 | $ | 10.93 | $ | 11.10 | $ | 10.91 |
Total Return D,E | (11.45)% | 20.95% | 1.63% | 6.60% | (.26)% | |||||
Ratios to Average Net Assets B,F,G | ||||||||||
Expenses before reductions | 1.78% | 1.76% | 1.77% | 1.77% | 1.75% | |||||
Expenses net of fee waivers, if any | 1.77% | 1.76% | 1.77% | 1.77% | 1.75% | |||||
Expenses net of all reductions | 1.77% | 1.76% | 1.77% | 1.76% | 1.75% | |||||
Net investment income (loss) | 3.12% | 2.30% | 3.14% | 3.94% | 4.59% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (in millions) | $ | 56 | $ | 71 | $ | 68 | $ | 89 | $ | 130 |
Portfolio turnover rate H | 29% | 27% | 48% | 53% | 45% |
Fidelity Advisor® High Income Advantage Fund Class I |
Years ended October 31, | 2022 | 2021 | 2020 | 2019 | 2018 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 12.12 | $ | 10.26 | $ | 10.42 | $ | 10.25 | $ | 10.70 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .454 | .388 | .422 | .512 | .590 | |||||
Net realized and unrealized gain (loss) | (1.691) | 1.860 | (.157) | .241 | (.499) | |||||
Total from investment operations | (1.237) | 2.248 | .265 | .753 | .091 | |||||
Distributions from net investment income | (.434) | (.388) | (.419) | (.583) | (.541) | |||||
Distributions from net realized gain | (.259) | - | (.006) | - | - | |||||
Total distributions | (.693) | (.388) | (.425) | (.583) | (.541) | |||||
Redemption fees added to paid in capital A | - | - | - | - | - C | |||||
Net asset value, end of period | $ | 10.19 | $ | 12.12 | $ | 10.26 | $ | 10.42 | $ | 10.25 |
Total Return D | (10.56)% | 22.13% | 2.69% | 7.67% | .80% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | .76% | .74% | .75% | .76% | .75% | |||||
Expenses net of fee waivers, if any | .76% | .74% | .75% | .76% | .75% | |||||
Expenses net of all reductions | .76% | .74% | .74% | .76% | .75% | |||||
Net investment income (loss) | 4.13% | 3.32% | 4.17% | 4.95% | 5.57% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (in millions) | $ | 696 | $ | 903 | $ | 510 | $ | 612 | $ | 883 |
Portfolio turnover rate G | 29% | 27% | 48% | 53% | 45% |
Fidelity Advisor® High Income Advantage Fund Class Z |
Years ended October 31, | 2022 | 2021 | 2020 | 2019 | 2018 A | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 12.12 | $ | 10.26 | $ | 10.42 | $ | 10.25 | $ | 10.69 |
Income from Investment Operations | ||||||||||
Net investment income (loss) B,C | .463 | .399 | .430 | .516 | .034 | |||||
Net realized and unrealized gain (loss) | (1.690) | 1.860 | (.156) | .248 | (.438) | |||||
Total from investment operations | (1.227) | 2.259 | .274 | .764 | (.404) | |||||
Distributions from net investment income | (.444) | (.399) | (.428) | (.594) | (.036) | |||||
Distributions from net realized gain | (.259) | - | (.006) | - | - | |||||
Total distributions | (.703) | (.399) | (.434) | (.594) | (.036) | |||||
Net asset value, end of period | $ | 10.19 | $ | 12.12 | $ | 10.26 | $ | 10.42 | $ | 10.25 |
Total Return D,E | (10.47)% | 22.25% | 2.79% | 7.79% | (3.78)% | |||||
Ratios to Average Net Assets C,F,G | ||||||||||
Expenses before reductions | .66% | .64% | .65% | .65% | .63% H | |||||
Expenses net of fee waivers, if any | .66% | .64% | .65% | .65% | .63% H | |||||
Expenses net of all reductions | .66% | .64% | .65% | .65% | .63% H | |||||
Net investment income (loss) | 4.23% | 3.42% | 4.26% | 5.06% | 5.46% H | |||||
Supplemental Data | ||||||||||
Net assets, end of period (in millions) | $ | 337 | $ | 363 | $ | 159 | $ | 137 | $ | 18 |
Portfolio turnover rate I | 29% | 27% | 48% | 53% | 45% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
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% |
Asset Type | Fair Value | Valuation Technique(s) | Unobservable Input | Amount or Range/Weighted Average | Impact to Valuation from an Increase in Input A |
Equities | $18,652 | Recovery value | Recovery value | $0.00 - $1.00 / $1.00 | Increase |
Market comparable | Enterprise value/EBITDA multiple (EV/EBITDA) | 2.8 - 8.1 / 3.8 | Increase | ||
Enterprise value/Revenue multiple (EV/R) | 0.3 | Increase | |||
Daily production multiple ($/Barrels of oil equivalent per day) | $22,500.00 | Increase | |||
Enterprise Value/PV-10 multiple (EV/PV-10) | 0.8 | Increase | |||
Enterprise Value/Proved Reserves multiple | 5.9 | Increase | |||
Discount for lack of marketability | 20.0% | Decrease | |||
Enterprise value/EBITDAR multiple (EV/EBITDAR) | 3.5 | Increase | |||
Discounted cash flow | Discount rate | 10.0% - 13.5% / 10.7% | Decrease | ||
Reserve risk rate | 50.0% - 95.0% / 72.5% | Increase | |||
Book value | Book value multiple | 1.00 | Increase | ||
Corporate Bonds | $13,322 | Recovery value | Recovery value | $0.00 | Increase |
Market comparable | Enterprise value/EBITDA multiple (EV/EBITDA) | 2.8 | Increase | ||
Daily production multiple ($/Barrels of oil equivalent per day) | $22,500.00 | Increase | |||
Enterprise Value/PV-10 multiple (EV/PV-10) | 0.8 | Increase | |||
Enterprise Value/Proved Reserves multiple | 5.9 | Increase | |||
Discounted cash flow | Discount rate | 10.0% | Decrease | ||
Reserve risk rate | 50.0% - 95.0% / 72.5% | Increase | |||
Indicative market price | Evaluated bid | $0.13 - $5.88 / $4.49 | Increase | ||
Book value | Book value multiple | 1.00 | Increase | ||
Bank Loan Obligations | $3,411 | Recovery value | Recovery value | $0.00 | Increase |
Market approach | Transaction price | $100.00 | Increase | ||
Indicative market price | Evaluated bid | $97.75 | Increase |
Fidelity Advisor High Income Advantage Fund | $9 |
Gross unrealized appreciation | $79,428 |
Gross unrealized depreciation | (219,818) |
Net unrealized appreciation (depreciation) | $(140,390) |
Tax Cost | $1,918,328 |
Undistributed ordinary income | $4,879 |
Undistributed long-term capital gain | $62,368 |
Net unrealized appreciation (depreciation) on securities and other investments | $(140,390) |
October 31, 2022 | October 31, 2021 | |
Ordinary Income | $82,840 | $59,129 |
Long-term Capital Gains | 35,881 | - |
Total | $118,721 | $59,129 |
Investment to be Acquired | Commitment Amount | |
Fidelity Advisor High Income Advantage Fund | Fidelity Direct Lending Fund, LP | $31,606 |
Purchases ($) | Sales ($) | |
Fidelity Advisor High Income Advantage Fund | 507,689 | 530,747 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $1,275 | $32 |
Class M | - % | .25% | 665 | 3 |
Class C | .75% | .25% | 640 | 123 |
$2,580 | $158 |
Retained by FDC | |
Class A | $32 |
Class M | 5 |
Class C A | 2 |
$39 |
Amount | % of Class-Level Average Net Assets | |
Class A | $759 | .15 |
Class M | 381 | .14 |
Class C | 108 | .17 |
Class I | 1,192 | .15 |
Class Z | 142 | .05 |
$2,582 |
% of Average Net Assets | |
Fidelity Advisor High Income Advantage Fund | .03 |
Amount | |
Fidelity Advisor High Income Advantage Fund | $2 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Advisor High Income Advantage Fund | 8,140 | 8,522 | 1,790 |
Amount ($) | |
Fidelity Advisor High Income Advantage Fund | 3 |
Amount | |
Fidelity Advisor High Income Advantage Fund | $3 |
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 Advisor High Income Advantage Fund | $- A | $- | $- |
Expense Limitations | Reimbursement | |
Class C | 1.75% | 7 |
Year ended October 31, 2022 | Year ended October 31, 2021 | |
Fidelity Advisor High Income Advantage Fund | ||
Distributions to shareholders | ||
Class A | $30,360 | $16,253 |
Class M | 15,770 | 9,081 |
Class C | 3,323 | 1,624 |
Class I | 51,542 | 23,558 |
Class Z | 17,726 | 8,613 |
Total | $118,721 | $59,129 |
Shares | Shares | Dollars | Dollars | |
Year ended October 31, 2022 | Year ended October 31, 2021 | Year ended October 31, 2022 | Year ended October 31, 2021 | |
Fidelity Advisor High Income Advantage Fund | ||||
Class A | ||||
Shares sold | 6,812 | 9,047 | $81,309 | $113,404 |
Reinvestment of distributions | 2,336 | 1,182 | 27,862 | 14,690 |
Shares redeemed | (10,414) | (8,683) | (122,480) | (108,310) |
Net increase (decrease) | (1,266) | 1,546 | $(13,309) | $19,784 |
Class M | ||||
Shares sold | 1,587 | 2,409 | $18,925 | $30,135 |
Reinvestment of distributions | 1,238 | 674 | 14,858 | 8,416 |
Shares redeemed | (4,119) | (4,160) | (48,599) | (52,087) |
Net increase (decrease) | (1,294) | (1,077) | $(14,816) | $(13,536) |
Class C | ||||
Shares sold | 1,146 | 1,686 | $13,607 | $21,065 |
Reinvestment of distributions | 267 | 126 | 3,187 | 1,555 |
Shares redeemed | (1,763) | (2,494) | (20,501) | (30,859) |
Net increase (decrease) | (350) | (682) | $(3,707) | $(8,239) |
Class I | ||||
Shares sold | 30,137 | 42,445 | $335,242 | $497,379 |
Reinvestment of distributions | 4,179 | 1,796 | 46,661 | 20,993 |
Shares redeemed | (40,602) | (19,424) | (442,243) | (226,550) |
Net increase (decrease) | (6,286) | 24,817 | $(60,340) | $291,822 |
Class Z | ||||
Shares sold | 23,041 | 18,171 | $244,497 | $213,351 |
Reinvestment of distributions | 1,225 | 581 | 13,627 | 6,821 |
Shares redeemed | (21,230) | (4,226) | (235,886) | (49,091) |
Net increase (decrease) | 3,036 | 14,526 | $22,238 | $171,081 |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2022 to October 31, 2022). |
Annualized Expense Ratio- A | Beginning Account Value May 1, 2022 | Ending Account Value October 31, 2022 | Expenses Paid During Period- C May 1, 2022 to October 31, 2022 | |||||||
Fidelity Advisor® High Income Advantage Fund | ||||||||||
Class A | 1.01% | |||||||||
Actual | $ 1,000 | $ 963.80 | $ 5.00 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.11 | $ 5.14 | |||||||
Class M | 1.00% | |||||||||
Actual | $ 1,000 | $ 964.10 | $ 4.95 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.16 | $ 5.09 | |||||||
Class C | 1.75% | |||||||||
Actual | $ 1,000 | $ 961.00 | $ 8.65 | |||||||
Hypothetical- B | $ 1,000 | $ 1,016.38 | $ 8.89 | |||||||
Class I | .77% | |||||||||
Actual | $ 1,000 | $ 965.70 | $ 3.82 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.32 | $ 3.92 | |||||||
Class Z | .67% | |||||||||
Actual | $ 1,000 | $ 965.30 | $ 3.32 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.83 | $ 3.41 | |||||||
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Contents
Board Approval of Investment Advisory Contracts and Management Fees |
Average Annual Total Returns | |||
Periods ended October 31, 2022 | Past 1 year | Past 5 years | Past 10 years |
Class A (incl.2.75% sales charge) | -4.66% | 1.97% | 2.55% |
Class M (incl.2.75% sales charge) | -4.67% | 1.96% | 2.49% |
Class C (incl. contingent deferred sales charge) | -3.75% | 1.75% | 2.22% |
Fidelity® Floating Rate High Income Fund | -1.79% | 2.84% | 3.12% |
Class I | -1.73% | 2.79% | 3.08% |
Class Z | -1.63% | 2.87% | 3.12% |
$10,000 Over 10 Years |
Let's say hypothetically that $10,000 was invested in Fidelity Advisor® Floating Rate High Income Fund - Class A, on October 31, 2012, and the current 2.75% sales charge was paid. The chart shows how the value of your investment would have changed, and also shows how the Morningstar® LSTA® US Performing Loans performed over the same period. |
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Top Bond Issuers (% of Fund's net assets) | ||
(with maturities greater than one year) | ||
Bass Pro Group LLC | 2.6 | |
Asurion LLC | 1.4 | |
Intelsat Jackson Holdings SA | 1.2 | |
Caesars Resort Collection LLC | 1.1 | |
Athenahealth Group, Inc. | 1.1 | |
HUB International Ltd. | 1.0 | |
Fertitta Entertainment LLC NV | 1.0 | |
TransDigm, Inc. | 1.0 | |
Peraton Corp. | 0.8 | |
Charter Communication Operating LLC | 0.8 | |
12.0 | ||
Market Sectors (% of Fund's net assets) | ||
Technology | 15.7 | |
Services | 8.9 | |
Healthcare | 5.3 | |
Gaming | 5.2 | |
Telecommunications | 5.1 | |
Quality Diversification (% of Fund's net assets) |
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We have used ratings from Moody's Investors Service, Inc. Where Moody's® ratings are not available, we have used S&P® ratings. All ratings are as of the date indicated and do not reflect subsequent changes. |
Asset Allocation (% of Fund's net assets) |
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Foreign investments - 8.7% |
Bank Loan Obligations - 87.6% | |||
Principal Amount (a) (000s) | Value ($) (000s) | ||
Aerospace - 0.9% | |||
ADS Tactical, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 5.750% 9.3224% 3/19/26 (b)(c)(d) | 13,551 | 12,196 | |
Gemini HDPE LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.000% 5.81% 12/31/27 (b)(c)(d) | 4,205 | 4,027 | |
TransDigm, Inc.: | |||
Tranche E 1LN, term loan 1 month U.S. LIBOR + 2.250% 5.9241% 5/30/25 (b)(c)(d) | 23,831 | 23,259 | |
Tranche F 1LN, term loan 1 month U.S. LIBOR + 2.250% 5.9241% 12/9/25 (b)(c)(d) | 24,987 | 24,376 | |
Tranche G 1LN, term loan 1 month U.S. LIBOR + 2.250% 5.9241% 8/22/24 (b)(c)(d) | 41,029 | 40,320 | |
TOTAL AEROSPACE | 104,178 | ||
Air Transportation - 1.5% | |||
AAdvantage Loyalty IP Ltd. Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.750% 8.9926% 4/20/28 (b)(c)(d) | 26,185 | 25,895 | |
Air Canada Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.500% 6.421% 8/11/28 (b)(c)(d) | 17,444 | 17,008 | |
Dynasty Acquisition Co., Inc.: | |||
Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.500% 7.2539% 4/8/26 (b)(c)(d) | 8,178 | 7,657 | |
Tranche B2 1LN, term loan 1 month U.S. LIBOR + 3.500% 7.2539% 4/4/26 (b)(c)(d) | 4,397 | 4,117 | |
Echo Global Logistics, Inc.: | |||
1LN, term loan 3 month U.S. LIBOR + 4.750% 8.5039% 11/23/28 (b)(c)(d)(e) | 19,450 | 18,736 | |
2LN, term loan 3 month U.S. LIBOR + 8.000% 12.4147% 11/23/29 (b)(c)(d)(e) | 4,100 | 3,950 | |
Mileage Plus Holdings LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 5.250% 8.7771% 7/2/27 (b)(c)(d) | 25,869 | 26,375 | |
SkyMiles IP Ltd. Tranche B 1LN, term loan 3 month U.S. LIBOR + 3.750% 7.9926% 10/20/27 (b)(c)(d) | 22,990 | 23,177 | |
STG Logistics, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 6.000% 9.8287% 3/24/28 (b)(c)(d) | 12,373 | 11,661 | |
United Airlines, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 8.1084% 4/21/28 (b)(c)(d) | 33,640 | 32,771 | |
WestJet Airlines Ltd. 1LN, term loan 3 month U.S. LIBOR + 3.000% 6.4891% 12/11/26 (b)(c)(d) | 4,303 | 3,737 | |
TOTAL AIR TRANSPORTATION | 175,084 | ||
Automotive & Auto Parts - 1.6% | |||
American Trailer World Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 7.5787% 3/5/28 (b)(c)(d) | 20,862 | 18,817 | |
Avis Budget Car Rental LLC 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 7.3287% 3/16/29 (b)(c)(d) | 17,134 | 16,906 | |
Clarios Global LP Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.250% 7.0039% 4/30/26 (b)(c)(d) | 10,905 | 10,583 | |
CWGS Group LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.500% 5.8707% 6/3/28 (b)(c)(d) | 40,742 | 36,235 | |
Driven Holdings LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.000% 3.5169% 11/17/28 (b)(c)(d)(e) | 13,114 | 12,688 | |
Les Schwab Tire Centers Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.250% 6.5799% 11/2/27 (b)(c)(d) | 19,792 | 19,149 | |
PECF USS Intermediate Holding III Corp. Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.250% 8.0039% 12/17/28 (b)(c)(d) | 26,832 | 20,603 | |
Power Stop LLC 1LN, term loan 1 month U.S. LIBOR + 4.750% 7.8196% 1/26/29 (b)(c)(d)(e) | 20,039 | 14,929 | |
Rough Country LLC: | |||
2LN, term loan 1 month U.S. LIBOR + 6.500% 10.1741% 7/28/29 (b)(c)(d) | 6,095 | 5,303 | |
Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.500% 7.1741% 7/28/28 (b)(c)(d) | 15,301 | 14,291 | |
RVR Dealership Holdings LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.000% 7.3171% 2/8/28 (b)(c)(d) | 8,359 | 7,300 | |
Truck Hero, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.500% 7.2539% 1/29/28 (b)(c)(d) | 23,870 | 20,474 | |
TOTAL AUTOMOTIVE & AUTO PARTS | 197,278 | ||
Banks & Thrifts - 0.8% | |||
Citadel Securities LP Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.500% 6.3432% 2/27/28 (b)(c)(d) | 33,681 | 33,351 | |
Deerfield Dakota Holding LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 7.4787% 4/9/27 (b)(c)(d) | 12,693 | 11,979 | |
LHS Borrower LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.750% 8.5787% 2/18/29 (b)(c)(d) | 29,417 | 23,129 | |
Novae LLC 1LN, term loan CME Term SOFR 1 Month Index + 5.000% 9.6963% 12/22/28 (b)(c)(d) | 12,119 | 11,089 | |
Superannuation & Investments U.S. LLC 1LN, term loan 1 month U.S. LIBOR + 3.750% 7.5039% 12/1/28 (b)(c)(d) | 6,531 | 6,378 | |
Walker & Dunlop, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.250% 6.0787% 12/16/28 (b)(c)(d)(e) | 6,724 | 6,590 | |
TOTAL BANKS & THRIFTS | 92,516 | ||
Broadcasting - 2.1% | |||
AppLovin Corp.: | |||
Tranche B 1LN, term loan 3 month U.S. LIBOR + 3.000% 6.6741% 10/25/28 (b)(c)(d) | 14,661 | 14,119 | |
Tranche B, term loan 1 month U.S. LIBOR + 3.250% 7.0039% 8/15/25 (b)(c)(d) | 37,138 | 36,268 | |
Diamond Sports Group LLC: | |||
1LN, term loan CME Term SOFR 1 Month Index + 8.000% 11.208% 5/25/26 (b)(c)(d) | 8,597 | 8,238 | |
2LN, term loan CME Term SOFR 1 Month Index + 3.250% 6.458% 8/24/26 (b)(c)(d) | 71,271 | 13,827 | |
Dotdash Meredith, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 7.1196% 12/1/28 (b)(c)(d)(e) | 42,667 | 37,867 | |
Entercom Media Corp. Tranche B 2LN, term loan 1 month U.S. LIBOR + 2.500% 6.1323% 11/17/24 (b)(c)(d) | 10,461 | 7,989 | |
Gray Television, Inc. Tranche D 1LN, term loan 1 month U.S. LIBOR + 3.000% 6.1279% 12/1/28 (b)(c)(d) | 13,760 | 13,545 | |
Nexstar Broadcasting, Inc. Tranche B, term loan 1 month U.S. LIBOR + 2.500% 6.2539% 9/19/26 (b)(c)(d) | 22,959 | 22,695 | |
Sinclair Television Group, Inc.: | |||
Tranche B 1LN, term loan: | |||
1 month U.S. LIBOR + 2.500% 6.26% 9/30/26 (b)(c)(d) | 5,260 | 4,954 | |
1 month U.S. LIBOR + 3.000% 6.76% 4/1/28 (b)(c)(d) | 2,963 | 2,749 | |
Tranche B4 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 7.5787% 4/21/29 (b)(c)(d) | 20,736 | 19,372 | |
Springer Nature Deutschland GmbH Tranche B18 1LN, term loan 1 month U.S. LIBOR + 3.000% 6.6741% 8/14/26 (b)(c)(d) | 11,742 | 11,534 | |
Univision Communications, Inc.: | |||
1LN, term loan CME Term SOFR 1 Month Index + 4.250% 7.7896% 6/10/29 (b)(c)(d) | 7,880 | 7,703 | |
Tranche B 1LN, term loan: | |||
1 month U.S. LIBOR + 3.250% 7.0039% 3/24/26 (b)(c)(d) | 16,123 | 15,599 | |
1 month U.S. LIBOR + 3.250% 7.0039% 1/31/29 (b)(c)(d) | 40,327 | 38,664 | |
Tranche C 5LN, term loan 3 month U.S. LIBOR + 2.750% 6.5039% 3/15/24 (b)(c)(d) | 862 | 857 | |
TOTAL BROADCASTING | 255,980 | ||
Building Materials - 2.7% | |||
Acproducts Holdings, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.250% 7.3247% 5/17/28 (b)(c)(d) | 29,042 | 20,142 | |
APi Group DE, Inc. Tranche B 1LN, term loan: | |||
1 month U.S. LIBOR + 2.500% 6.2539% 10/1/26 (b)(c)(d) | 15,098 | 14,891 | |
1 month U.S. LIBOR + 2.750% 6.5039% 1/3/29 (b)(c)(d) | 12,635 | 12,452 | |
Beacon Roofing Supply, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.250% 6.0039% 5/19/28 (b)(c)(d) | 12,222 | 11,914 | |
DiversiTech Holdings, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 7.451% 12/22/28 (b)(c)(d) | 9,640 | 8,911 | |
Foley Products Co. LLC 1LN, term loan CME Term SOFR 1 Month Index + 4.750% 8.4532% 12/29/28 (b)(c)(d) | 11,854 | 11,202 | |
Hunter Douglas, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 6.3399% 2/25/29 (b)(c)(d) | 82,134 | 67,949 | |
Ingersoll-Rand Services Co. Tranche B 1LN, term loan 1 month U.S. LIBOR + 1.750% 5.5787% 2/28/27 (b)(c)(d) | 17,740 | 17,319 | |
Installed Building Products, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.250% 6.0039% 12/14/28 (b)(c)(d) | 8,059 | 7,873 | |
Oscar AcquisitionCo LLC 1LN, term loan CME Term SOFR 1 Month Index + 4.500% 8.1532% 4/29/29 (b)(c)(d) | 38,350 | 34,615 | |
Smyrna Ready Mix LLC Tranche B 1lN, term loan CME Term SOFR 1 Month Index + 4.250% 8.0787% 4/1/29 (b)(c)(d)(e) | 15,376 | 14,877 | |
Specialty Building Products Holdings LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 6.8224% 10/15/28 (b)(c)(d) | 9,084 | 7,864 | |
SRS Distribution, Inc. Tranche B 1LN, term loan: | |||
1 month U.S. LIBOR + 3.500% 7.2539% 6/4/28 (b)(c)(d) | 37,096 | 34,406 | |
CME Term SOFR 1 Month Index + 3.500% 7.3287% 6/2/28 (b)(c)(d) | 11,468 | 10,630 | |
Standard Industries, Inc./New Jersey Tranche B 1LN, term loan 6 month U.S. LIBOR + 2.500% 6.6751% 9/22/28 (b)(c)(d) | 21,058 | 20,587 | |
Traverse Midstream Partners Ll Tranche B, term loan CME Term SOFR 1 Month Index + 4.250% 7.9774% 9/27/24 (b)(c)(d) | 10,004 | 9,883 | |
USIC Holdings, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.500% 7.2539% 5/7/28 (b)(c)(d) | 11,430 | 10,841 | |
White Capital Buyer LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.000% 7.4787% 10/19/27 (b)(c)(d) | 9,801 | 9,261 | |
TOTAL BUILDING MATERIALS | 325,617 | ||
Cable/Satellite TV - 2.8% | |||
Charter Communication Operating LLC Tranche B2 1LN, term loan 1 month U.S. LIBOR + 1.750% 5.51% 2/1/27 (b)(c)(d) | 95,562 | 93,787 | |
Coral-U.S. Co.-Borrower LLC: | |||
Tranche B, term loan 1 month U.S. LIBOR + 2.250% 5.6621% 1/31/28 (b)(c)(d) | 36,425 | 34,953 | |
Tranche B6 1LN, term loan 1 month U.S. LIBOR + 3.000% 6.4121% 10/15/29 (b)(c)(d) | 4,745 | 4,582 | |
CSC Holdings LLC: | |||
Tranche B 5LN, term loan CME Term SOFR 1 Month Index + 2.500% 5.9121% 4/15/27 (b)(c)(d) | 22,246 | 21,014 | |
Tranche B3 1LN, term loan CME Term SOFR 1 Month Index + 2.250% 5.6621% 1/15/26 (b)(c)(d) | 26,440 | 25,580 | |
DIRECTV Financing LLC 1LN, term loan 1 month U.S. LIBOR + 5.000% 8.7539% 8/2/27 (b)(c)(d) | 38,700 | 36,794 | |
LCPR Loan Financing LLC 1LN, term loan 1 month U.S. LIBOR + 3.750% 7.1621% 9/25/28 (b)(c)(d) | 7,670 | 7,459 | |
Neptune Finco Corp. Tranche B, term loan CME Term SOFR 1 Month Index + 2.250% 5.6621% 7/17/25 (b)(c)(d) | 22,819 | 22,035 | |
Numericable LLC: | |||
Tranche B 11LN, term loan 3 month U.S. LIBOR + 2.750% 7.1647% 7/31/25 (b)(c)(d) | 29,839 | 26,967 | |
Tranche B 12LN, term loan 3 month U.S. LIBOR + 3.680% 7.7666% 1/31/26 (b)(c)(d) | 3,198 | 2,869 | |
Tranche B 13LN, term loan 3 month U.S. LIBOR + 4.000% 6.9051% 8/14/26 (b)(c)(d) | 36,291 | 33,176 | |
Virgin Media Bristol LLC Tranche N, term loan 1 month U.S. LIBOR + 2.500% 5.9121% 1/31/28 (b)(c)(d) | 21,915 | 21,452 | |
TOTAL CABLE/SATELLITE TV | 330,668 | ||
Capital Goods - 0.7% | |||
Ali Group North America Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.000% 5.8432% 7/23/29 (b)(c)(d) | 9,338 | 9,156 | |
CPM Holdings, Inc.: | |||
2LN, term loan 3 month U.S. LIBOR + 8.250% 11.3779% 11/15/26 (b)(c)(d)(e) | 2,917 | 2,771 | |
Tranche B 1LN, term loan 3 month U.S. LIBOR + 3.500% 6.6279% 11/15/25 (b)(c)(d) | 7,544 | 7,280 | |
Doosan Bobcat Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 6.1532% 4/20/29 (b)(c)(d) | 9,438 | 9,258 | |
Griffon Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 5.4899% 1/24/29 (b)(c)(d) | 25,693 | 25,063 | |
Harsco Corp. Tranche B3 1LN, term loan 1 month U.S. LIBOR + 2.250% 6.0625% 3/10/28 (b)(c)(d) | 5,925 | 5,136 | |
MHI Holdings LLC Tranche B 1LN, term loan 3 month U.S. LIBOR + 5.000% 8.7539% 9/20/26 (b)(c)(d) | 3,105 | 3,035 | |
Resideo Funding, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.250% 5.2884% 2/12/28 (b)(c)(d) | 7,880 | 7,737 | |
TNT Crane & Rigging LLC 2LN, term loan 3 month U.S. LIBOR + 8.750% 12.4929% 4/16/25 (b)(c)(d)(e) | 4,172 | 3,896 | |
Vertical U.S. Newco, Inc. Tranche B 1LN, term loan 6 month U.S. LIBOR + 3.500% 6.8707% 7/31/27 (b)(c)(d) | 9,470 | 8,979 | |
TOTAL CAPITAL GOODS | 82,311 | ||
Chemicals - 3.0% | |||
ARC Falcon I, Inc.: | |||
Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 7.5039% 9/30/28 (b)(c)(d) | 18,919 | 16,814 | |
Tranche B 2LN, term loan 1 month U.S. LIBOR + 7.000% 10.7539% 9/22/29 (b)(c)(d)(e) | 3,385 | 3,021 | |
Tranche DD 1LN, term loan 1 month U.S. LIBOR + 3.750% 9/30/28 (c)(d)(f) | 2,783 | 2,473 | |
Aruba Investment Holdings LLC: | |||
2LN, term loan 1 month U.S. LIBOR + 7.750% 11.3264% 11/24/28 (b)(c)(d) | 12,310 | 11,079 | |
Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.000% 7.5764% 11/24/27 (b)(c)(d) | 14,578 | 13,658 | |
Avient Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 7.3442% 8/29/29 (b)(c)(d) | 8,430 | 8,381 | |
Bakelite U.S. Holding Ltd. 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 7.669% 5/27/29 (b)(c)(d) | 15,461 | 14,355 | |
Cimpress U.S.A., Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.500% 7.2539% 5/17/28 (b)(c)(d) | 2,600 | 2,126 | |
Consolidated Energy Finance SA: | |||
Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.500% 6.3633% 5/7/25 (b)(c)(d)(e) | 11,633 | 11,051 | |
Tranche B, term loan 3 month U.S. LIBOR + 2.500% 6.1323% 5/7/25 (b)(c)(d) | 10,814 | 10,219 | |
Discovery Purchaser Corp. 1LN, term loan CME Term SOFR 1 Month Index + 4.370% 7.9683% 10/4/29 (b)(c)(d) | 25,365 | 23,139 | |
Element Solutions, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.000% 5.7539% 1/31/26 (b)(c)(d) | 11,760 | 11,697 | |
Groupe Solmax, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.750% 8.3919% 5/27/28 (b)(c)(d) | 18,495 | 16,045 | |
Herens U.S. Holdco Corp. Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.000% 7.6741% 7/3/28 (b)(c)(d) | 13,550 | 11,905 | |
Hexion Holdings Corp. 1LN, term loan CME Term SOFR 1 Month Index + 4.500% 7.4125% 3/15/29 (b)(c)(d) | 40,449 | 34,280 | |
Hexion, Inc. 2LN, term loan CME Term SOFR 1 Month Index + 7.000% 11.0046% 2/9/30 (b)(c)(d)(e) | 8,290 | 6,549 | |
ICP Group Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 7.4241% 12/29/27 (b)(c)(d) | 8,712 | 6,865 | |
INEOS U.S. Petrochem LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.750% 6.5039% 1/20/26 (b)(c)(d) | 24,698 | 23,185 | |
Kraton Polymers U.S. LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.250% 6.718% 3/15/29 (b)(c)(d) | 10,259 | 9,887 | |
Manchester Acquisition Sub LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.750% 8.8467% 12/1/26 (b)(c)(d) | 18,265 | 15,525 | |
Olympus Water U.S. Holding Corp. Tranche B 1LN, term loan: | |||
1 month U.S. LIBOR + 3.750% 7.4375% 11/9/28 (b)(c)(d) | 21,696 | 19,720 | |
CME Term SOFR 1 Month Index + 4.500% 8.1532% 11/9/28 (b)(c)(d) | 12,482 | 11,409 | |
Oxea Corp. Tranche B2, term loan 3 month U.S. LIBOR + 3.250% 7% 10/11/24 (b)(c)(d) | 10,912 | 9,930 | |
Starfruit U.S. Holdco LLC Tranche B, term loan 1 month U.S. LIBOR + 2.750% 7.1647% 10/1/25 (b)(c)(d) | 20,706 | 19,476 | |
The Chemours Co. LLC Tranche B 1LN, term loan 3 month U.S. LIBOR + 1.750% 5.51% 4/3/25 (b)(c)(d) | 12,288 | 11,937 | |
Trinseo Materials Operating SCA / Trinseo Materials Finance, Inc. Tranche B2 1LN, term loan 1 month U.S. LIBOR + 2.500% 6.2539% 5/3/28 (b)(c)(d) | 14,971 | 12,875 | |
Valcour Packaging LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 7.982% 10/4/28 (b)(c)(d) | 1,762 | 1,577 | |
W.R. Grace Holding LLC Tranche B 1LN, term loan 3 month U.S. LIBOR + 3.750% 7.4375% 9/22/28 (b)(c)(d) | 17,582 | 16,851 | |
TOTAL CHEMICALS | 356,029 | ||
Consumer Products - 2.1% | |||
19Th Holdings Golf LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 6.2023% 2/7/29 (b)(c)(d)(e) | 27,312 | 24,785 | |
BCPE Empire Holdings, Inc.: | |||
1LN, term loan: | |||
CME Term SOFR 1 Month Index + 4.000% 7.7539% 6/11/26 (b)(c)(d) | 9,706 | 9,332 | |
CME Term SOFR 1 Month Index + 4.620% 8.4537% 6/11/26 (b)(c)(d) | 2,983 | 2,876 | |
Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.000% 7.7539% 6/11/26 (b)(c)(d) | 14,881 | 14,249 | |
Bombardier Recreational Products, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.000% 5.7539% 5/23/27 (b)(c)(d) | 12,480 | 11,963 | |
CNT Holdings I Corp. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.500% 7.239% 11/8/27 (b)(c)(d) | 21,163 | 20,565 | |
Conair Holdings LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 7.4241% 5/17/28 (b)(c)(d) | 11,540 | 9,656 | |
Diamond BC BV Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.750% 7.1631% 9/29/28 (b)(c)(d) | 16,753 | 15,635 | |
Gloves Buyer, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.000% 7.7539% 1/6/28 (b)(c)(d) | 1,542 | 1,419 | |
Knowlton Development Corp., Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 7.5039% 12/21/25 (b)(c)(d) | 18,567 | 17,572 | |
Kronos Acquisition Holdings, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 6.8196% 12/22/26 (b)(c)(d) | 28,239 | 26,635 | |
Mattress Firm, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.250% 8.4327% 9/24/28 (b)(c)(d) | 24,488 | 20,888 | |
Petco Health & Wellness Co., Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.250% 6.9241% 3/4/28 (b)(c)(d) | 14,775 | 14,145 | |
Runner Buyer, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 5.500% 8.5696% 10/20/28 (b)(c)(d) | 12,797 | 8,468 | |
Sweetwater Borrower LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.250% 8.0625% 8/5/28 (b)(c)(d)(e) | 19,112 | 17,249 | |
TGP Holdings III LLC: | |||
Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.250% 7.0039% 6/29/28 (b)(c)(d) | 9,252 | 7,423 | |
Tranche DD 1LN, term loan 1 month U.S. LIBOR + 3.250% 4.1885% 6/29/28 (b)(c)(d)(f) | 1,220 | 979 | |
TKC Holdings, Inc. 1LN, term loan 1 month U.S. LIBOR + 5.500% 9.18% 5/3/28 (b)(c)(d) | 13,758 | 11,581 | |
Woof Holdings LLC: | |||
Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 7.3153% 12/21/27 (b)(c)(d)(e) | 15,594 | 14,892 | |
Tranche B 2LN, term loan 1 month U.S. LIBOR + 7.250% 10.8153% 12/21/28 (b)(c)(d) | 2,135 | 1,916 | |
TOTAL CONSUMER PRODUCTS | 252,228 | ||
Containers - 1.7% | |||
AOT Packaging Products AcquisitionCo LLC 1LN, term loan 1 month U.S. LIBOR + 3.250% 7.0039% 3/3/28 (b)(c)(d) | 24,490 | 23,146 | |
Berlin Packaging, LLC Tranche B 1LN, term loan: | |||
1 month U.S. LIBOR + 3.250% 6.4276% 3/11/28 (b)(c)(d) | 21,178 | 19,886 | |
1 month U.S. LIBOR + 3.750% 6.9106% 3/11/28 (b)(c)(d) | 11,932 | 11,406 | |
Berry Global, Inc. Tranche Z 1LN, term loan 1 month U.S. LIBOR + 1.750% 5.0503% 7/1/26 (b)(c)(d) | 27,835 | 27,408 | |
BWAY Holding Co. Tranche B, term loan 3 month U.S. LIBOR + 3.250% 6.3779% 4/3/24 (b)(c)(d) | 4,901 | 4,656 | |
Canister International Group, Inc. 1LN, term loan 1 month U.S. LIBOR + 4.750% 8.5039% 12/21/26 (b)(c)(d) | 5,850 | 5,777 | |
Charter NEX U.S., Inc. 1LN, term loan 1 month U.S. LIBOR + 3.750% 7.5039% 12/1/27 (b)(c)(d) | 10,842 | 10,489 | |
Graham Packaging Co., Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.000% 6.7539% 8/4/27 (b)(c)(d) | 18,576 | 18,083 | |
Kloeckner Pentaplast of America, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.750% 8.2592% 2/9/26 (b)(c)(d) | 8,890 | 7,423 | |
Pregis TopCo Corp. 1LN, term loan: | |||
1 month U.S. LIBOR + 4.000% 7.7539% 8/1/26 (b)(c)(d) | 1,980 | 1,883 | |
1 month U.S. LIBOR + 4.000% 7.8432% 7/31/26 (b)(c)(d) | 9,725 | 9,272 | |
Proampac PG Borrower LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.750% 7.8419% 11/18/25 (b)(c)(d) | 4,957 | 4,697 | |
Reynolds Consumer Products LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 1.750% 5.5039% 1/30/27 (b)(c)(d) | 18,540 | 18,164 | |
Reynolds Group Holdings, Inc. Tranche B 1LN, term loan: | |||
1 month U.S. LIBOR + 3.250% 7.0039% 2/5/26 (b)(c)(d) | 17,685 | 17,173 | |
1 month U.S. LIBOR + 3.500% 7.2539% 9/24/28 (b)(c)(d) | 10,608 | 10,278 | |
Ring Container Technologies Group LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 7.2539% 8/12/28 (b)(c)(d) | 14,203 | 13,936 | |
TOTAL CONTAINERS | 203,677 | ||
Diversified Financial Services - 1.8% | |||
ACNR Holdings, Inc. term loan 20.3269% 9/16/25 (b)(d)(e) | 1,623 | 1,623 | |
AlixPartners LLP Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.750% 6.5039% 2/4/28 (b)(c)(d) | 14,667 | 14,306 | |
AVSC Holding Corp.: | |||
Tranche B 1LN, term loan 3 month U.S. LIBOR + 3.500% 6.6441% 3/1/25 (b)(c)(d) | 14,615 | 12,648 | |
Tranche B2 1LN, term loan 3 month U.S. LIBOR + 5.500% 8.6441% 10/15/26 (b)(c)(d) | 6,157 | 5,413 | |
BCP Renaissance Parent LLC Tranche B3 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 7.0532% 10/31/26 (b)(c)(d) | 7,576 | 7,404 | |
Broadstreet Partners, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.250% 7.0039% 1/27/27 (b)(c)(d) | 6,579 | 6,303 | |
Eagle 4 Ltd. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.250% 6.9241% 7/12/28 (b)(c)(d) | 5,809 | 5,616 | |
Finco I LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.500% 6.2539% 6/27/25 (b)(c)(d) | 1,838 | 1,830 | |
Focus Financial Partners LLC: | |||
Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.500% 6.2539% 6/24/28 (b)(c)(d) | 14,054 | 13,716 | |
Tranche B3 1LN, term loan 1 month U.S. LIBOR + 2.000% 5.7539% 7/3/24 (b)(c)(d) | 6,538 | 6,432 | |
GT Polaris, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 8.1647% 9/24/27 (b)(c)(d) | 8,734 | 7,948 | |
HarbourVest Partners LLC Tranche B 1LN, term loan 3 month U.S. LIBOR + 2.250% 5.6621% 3/1/25 (b)(c)(d) | 18,367 | 18,051 | |
Hightower Holding LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.000% 8.2776% 4/21/28 (b)(c)(d) | 13,383 | 12,379 | |
KREF Holdings X LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.500% 6.875% 9/1/27 (b)(c)(d)(e) | 5,642 | 5,558 | |
Nexus Buyer LLC: | |||
2LN, term loan 1 month U.S. LIBOR + 6.250% 10.0039% 11/5/29 (b)(c)(d) | 14,420 | 13,429 | |
Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 7.5039% 11/8/26 (b)(c)(d) | 15,029 | 14,417 | |
TransUnion LLC: | |||
Tranche B5 1LN, term loan 1 month U.S. LIBOR + 1.750% 5.5039% 11/16/26 (b)(c)(d) | 23,240 | 22,655 | |
Tranche B6 1LN, term loan 1 month U.S. LIBOR + 2.250% 6.0039% 12/1/28 (b)(c)(d) | 17,269 | 16,987 | |
UFC Holdings LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.750% 7.11% 4/29/26 (b)(c)(d) | 10,010 | 9,772 | |
WH Borrower LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.500% 9.3636% 2/9/27 (b)(c)(d) | 23,057 | 21,876 | |
TOTAL DIVERSIFIED FINANCIAL SERVICES | 218,363 | ||
Diversified Media - 1.0% | |||
Advantage Sales & Marketing, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.500% 8.284% 10/28/27 (b)(c)(d) | 31,385 | 27,227 | |
Allen Media LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 5.500% 9.2032% 2/10/27 (b)(c)(d) | 40,756 | 34,041 | |
Terrier Media Buyer, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.500% 7.2539% 12/17/26 (b)(c)(d) | 68,605 | 63,942 | |
TOTAL DIVERSIFIED MEDIA | 125,210 | ||
Energy - 2.5% | |||
Aip Rd Buyer Corp. 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 7.9787% 12/22/28 (b)(c)(d) | 9,258 | 8,917 | |
Apro LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 6.8949% 11/14/26 (b)(c)(d) | 14,883 | 14,319 | |
Array Technologies, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.250% 6.2077% 10/14/27 (b)(c)(d) | 31,195 | 29,324 | |
Brazos Delaware II LLC Tranche B, term loan 3 month U.S. LIBOR + 4.000% 7.5007% 5/21/25 (b)(c)(d) | 2,315 | 2,288 | |
BW Gas & Convenience Holdings LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.500% 7.2539% 3/17/28 (b)(c)(d)(e) | 7,387 | 7,165 | |
Citgo Petroleum Corp. Tranche B 1LN, term loan 1 month U.S. LIBOR + 6.250% 10.0039% 3/28/24 (b)(c)(d) | 24,718 | 24,699 | |
CQP Holdco LP / BIP-V Chinook Holdco LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 7.4241% 6/4/28 (b)(c)(d) | 68,769 | 67,798 | |
EG America LLC Tranche B 1LN, term loan: | |||
1 month U.S. LIBOR + 4.250% 7.9241% 3/10/26 (b)(c)(d) | 10,307 | 9,361 | |
3 month U.S. LIBOR + 4.000% 7.6741% 2/6/25 (b)(c)(d) | 24,255 | 21,945 | |
EG Finco Ltd. Tranche B, term loan 3 month U.S. LIBOR + 4.000% 7.6741% 2/6/25 (b)(c)(d) | 4,774 | 4,319 | |
Esdec Solar Group BV Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.750% 8.9199% 8/27/28 (b)(c)(d)(e) | 15,643 | 14,782 | |
GIP II Blue Holding LP Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.500% 8.1741% 9/29/28 (b)(c)(d) | 40,540 | 40,124 | |
GIP III Stetson I LP Tranche B, term loan 3 month U.S. LIBOR + 4.250% 8.0039% 7/18/25 (b)(c)(d) | 29,480 | 28,419 | |
Granite Acquisition, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.750% 6.4241% 3/25/28 (b)(c)(d) | 9,769 | 9,618 | |
Natgasoline LLC Tranche B, term loan 3 month U.S. LIBOR + 3.500% 7.3125% 11/14/25 (b)(c)(d)(e) | 11,663 | 11,401 | |
Rockwood Service Corp. Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.250% 8.0039% 1/23/27 (b)(c)(d) | 2,687 | 2,613 | |
WaterBridge Operating LLC Tranche B 1LN, term loan 3 month U.S. LIBOR + 5.750% 9.1274% 6/21/26 (b)(c)(d) | 6,917 | 6,768 | |
TOTAL ENERGY | 303,860 | ||
Entertainment/Film - 0.3% | |||
AP Core Holdings II LLC: | |||
Tranche B1 1LN, term loan 1 month U.S. LIBOR + 5.500% 9.2539% 9/1/27 (b)(c)(d) | 16,234 | 14,752 | |
Tranche B2 1LN, term loan 1 month U.S. LIBOR + 5.500% 9.2539% 9/1/27 (b)(c)(d) | 18,845 | 17,149 | |
TOTAL ENTERTAINMENT/FILM | 31,901 | ||
Environmental - 0.8% | |||
Clean Harbors, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.000% 5.7539% 10/8/28 (b)(c)(d) | 13,558 | 13,462 | |
Covanta Holding Corp.: | |||
Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.500% 6.2287% 11/30/28 (b)(c)(d) | 15,482 | 15,259 | |
Tranche C 1LN, term loan 1 month U.S. LIBOR + 2.500% 6.2287% 11/30/28 (b)(c)(d) | 1,166 | 1,149 | |
Madison IAQ LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.250% 6.8153% 6/21/28 (b)(c)(d) | 35,011 | 31,587 | |
The Brickman Group, Ltd. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 6.9787% 4/14/29 (b)(c)(d) | 18,740 | 18,155 | |
TRC Companies, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 7.5039% 11/17/28 (b)(c)(d) | 13,465 | 12,677 | |
WTG Holdings III Corp. Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.500% 6.3125% 4/1/28 (b)(c)(d) | 4,720 | 4,634 | |
TOTAL ENVIRONMENTAL | 96,923 | ||
Food & Drug Retail - 0.6% | |||
8th Avenue Food & Provisions, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.750% 7.8653% 10/1/25 (b)(c)(d) | 4,589 | 3,981 | |
Cardenas Merger Sub, LLC 1LN, term loan CME Term SOFR 1 Month Index + 6.750% 9.7949% 8/1/29 (b)(c)(d) | 10,255 | 9,909 | |
Froneri U.S., Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.250% 6.0039% 1/29/27 (b)(c)(d) | 17,836 | 17,193 | |
GOBP Holdings, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.750% 6.5039% 10/22/25 (b)(c)(d) | 2,569 | 2,540 | |
JP Intermediate B LLC Tranche B, term loan 3 month U.S. LIBOR + 5.500% 9.9147% 11/20/25 (b)(c)(d) | 21,015 | 15,603 | |
PetIQ, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.250% 7.6621% 4/13/28 (b)(c)(d) | 19,278 | 17,543 | |
Primary Products Finance LLC 1LN, term loan 1 month U.S. LIBOR + 4.000% 7.7089% 4/1/29 (b)(c)(d) | 11,297 | 10,944 | |
TOTAL FOOD & DRUG RETAIL | 77,713 | ||
Food/Beverage/Tobacco - 1.3% | |||
8th Avenue Food & Provisions, Inc.: | |||
2LN, term loan 3 month U.S. LIBOR + 7.750% 11.5039% 10/1/26 (b)(c)(d) | 2,240 | 1,792 | |
Tranche B 1LN, term loan 3 month U.S. LIBOR + 3.750% 7.5039% 10/1/25 (b)(c)(d) | 4,411 | 3,821 | |
Bengal Debt Merger Sub LLC: | |||
1LN, term loan CME TERM SOFR 3 MONTH INDEX + 3.250% 6.9032% 1/24/29 (b)(c)(d) | 35,144 | 32,019 | |
2LN, term loan CME Term SOFR 1 Month Index + 6.000% 9.6532% 1/24/30 (b)(c)(d) | 8,175 | 7,079 | |
Chobani LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.500% 7.2539% 10/23/27 (b)(c)(d) | 16,665 | 15,107 | |
Del Monte Foods, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 7.8265% 5/16/29 (b)(c)(d) | 35,975 | 34,671 | |
Shearer's Foods, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.500% 7.2539% 9/23/27 (b)(c)(d) | 13,959 | 12,938 | |
Triton Water Holdings, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.500% 7.1741% 3/31/28 (b)(c)(d) | 40,083 | 35,528 | |
U.S. Foods, Inc. 1LN, term loan 3 month U.S. LIBOR + 2.000% 5.7539% 9/13/26 (b)(c)(d) | 9,791 | 9,594 | |
TOTAL FOOD/BEVERAGE/TOBACCO | 152,549 | ||
Gaming - 4.7% | |||
Bally's Corp. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.250% 6.5503% 10/1/28 (b)(c)(d) | 45,640 | 42,349 | |
Caesars Resort Collection LLC: | |||
Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.500% 7.2539% 7/20/25 (b)(c)(d) | 37,743 | 37,349 | |
Tranche B 1LN, term loan 3 month U.S. LIBOR + 2.750% 6.5039% 12/22/24 (b)(c)(d) | 98,132 | 96,950 | |
Churchill Downs, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.000% 5.76% 3/17/28 (b)(c)(d) | 8,520 | 8,243 | |
Cypress Intermediate Holdings, Inc. Tranche B 1LN, term loan 3 month U.S. LIBOR + 2.250% 6.0039% 9/21/28 (b)(c)(d) | 5,043 | 4,925 | |
Fertitta Entertainment LLC NV Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 7.7287% 1/27/29 (b)(c)(d) | 132,404 | 123,930 | |
Flutter Financing B.V. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 7.0427% 7/4/28 (b)(c)(d) | 13,610 | 13,423 | |
Golden Entertainment, Inc. Tranche B, term loan 3 month U.S. LIBOR + 3.000% 6.6% 10/20/24 (b)(c)(d) | 40,192 | 39,790 | |
GVC Holdings Gibraltar Ltd.: | |||
Tranche B2 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 10/31/29 (c)(d)(g) | 4,350 | 4,277 | |
Tranche B4 1LN, term loan 1 month U.S. LIBOR + 2.250% 6.1741% 3/16/27 (b)(c)(d) | 12,986 | 12,823 | |
J&J Ventures Gaming LLC 1LN, term loan 1 month U.S. LIBOR + 4.000% 7.6741% 4/26/28 (b)(c)(d) | 12,316 | 11,600 | |
PCI Gaming Authority 1LN, term loan 1 month U.S. LIBOR + 2.500% 6.2539% 5/29/26 (b)(c)(d) | 7,534 | 7,433 | |
Penn Entertainment, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 6.5787% 5/3/29 (b)(c)(d) | 10,294 | 10,128 | |
Playtika Holding Corp. Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.750% 6.5039% 3/11/28 (b)(c)(d) | 7,951 | 7,724 | |
Scientific Games Corp. 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 6.4024% 4/7/29 (b)(c)(d) | 32,344 | 31,852 | |
Scientific Games Holdings LP term loan CME Term SOFR 1 Month Index + 3.500% 7.0974% 4/4/29 (b)(c)(d) | 35,710 | 33,581 | |
Stars Group Holdings BV Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.250% 5.8919% 7/16/26 (b)(c)(d) | 40,159 | 39,390 | |
Station Casinos LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.250% 6.01% 2/7/27 (b)(c)(d) | 37,555 | 36,736 | |
TOTAL GAMING | 562,503 | ||
Healthcare - 5.1% | |||
Accelerated Health Systems LLC Tranche B1 LN, term loan CME Term SOFR 1 Month Index + 4.250% 7.9532% 2/2/29 (b)(c)(d) | 16,758 | 14,579 | |
AHP Health Partners, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.500% 7.2539% 8/23/28 (b)(c)(d) | 14,450 | 13,709 | |
Avantor Funding, Inc. Tranche B5 1LN, term loan 1 month U.S. LIBOR + 2.250% 6.0039% 11/6/27 (b)(c)(d) | 19,405 | 18,998 | |
Charlotte Buyer, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.250% 7.9803% 2/12/28 (b)(c)(d) | 9,000 | 8,505 | |
Da Vinci Purchaser Corp. Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.000% 7.7041% 12/13/26 (b)(c)(d) | 36,471 | 34,488 | |
Elanco Animal Health, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 1.750% 4.8779% 8/1/27 (b)(c)(d) | 31,387 | 30,205 | |
Electron BidCo, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.000% 6.7539% 11/1/28 (b)(c)(d) | 12,129 | 11,708 | |
Embecta Corp. Tranche B 1LN, term loan CME TERM SOFR 3 MONTH INDEX + 3.000% 6.5532% 3/31/29 (b)(c)(d) | 16,063 | 15,632 | |
Gainwell Acquisition Corp. Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.000% 7.6741% 10/1/27 (b)(c)(d) | 64,013 | 60,705 | |
HAH Group Holding Co. LLC: | |||
1LN, term loan 1 month U.S. LIBOR + 5.000% 8.71% 10/29/27 (b)(c)(d) | 2,985 | 2,832 | |
Tranche DD 1LN, term loan 1 month U.S. LIBOR + 5.000% 8.71% 10/29/27 (b)(c)(d) | 378 | 358 | |
Horizon Pharma U.S.A., Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 1.750% 5.375% 3/15/28 (b)(c)(d) | 26,662 | 26,045 | |
ICU Medical, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 5.9609% 1/6/29 (b)(c)(d) | 13,393 | 13,100 | |
Insulet Corp. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.250% 7.0039% 5/4/28 (b)(c)(d) | 30,092 | 29,377 | |
Jazz Financing Lux SARL Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.500% 7.2539% 5/5/28 (b)(c)(d) | 34,462 | 34,010 | |
Maravai Intermediate Holdings LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 6.955% 10/19/27 (b)(c)(d) | 14,718 | 14,322 | |
MED ParentCo LP: | |||
1LN, term loan 1 month U.S. LIBOR + 4.250% 8.0039% 8/31/26 (b)(c)(d) | 12,237 | 9,576 | |
2LN, term loan 1 month U.S. LIBOR + 8.250% 12.0039% 8/30/27 (b)(c)(d) | 2,851 | 2,138 | |
Mozart Borrower LP Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.250% 7.0039% 10/23/28 (b)(c)(d) | 27,378 | 25,142 | |
National Mentor Holdings, Inc.: | |||
Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 7.4658% 3/2/28 (b)(c)(d) | 13,502 | 9,574 | |
Tranche C 1LN, term loan 1 month U.S. LIBOR + 3.750% 7.43% 3/2/28 (b)(c)(d) | 225 | 159 | |
Organon & Co. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.000% 6.1875% 6/2/28 (b)(c)(d) | 41,542 | 40,451 | |
Owens & Minor, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 7.6621% 3/29/29 (b)(c)(d) | 10,651 | 10,403 | |
Packaging Coordinators Midco, Inc. Tranche B 1LN, term loan 3 month U.S. LIBOR + 3.750% 7.4241% 11/30/27 (b)(c)(d) | 21,242 | 20,492 | |
Pathway Vet Alliance LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 7.4241% 3/31/27 (b)(c)(d) | 29,063 | 26,156 | |
Perrigo Investments LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 6.3287% 4/20/29 (b)(c)(d) | 16,828 | 16,554 | |
Phoenix Newco, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.250% 7.0039% 11/15/28 (b)(c)(d) | 47,012 | 45,209 | |
PRA Health Sciences, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.250% 5.9375% 7/3/28 (b)(c)(d) | 16,903 | 16,713 | |
Project Ruby Ultimate Parent Corp. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.250% 7.0039% 3/10/28 (b)(c)(d) | 9,096 | 8,546 | |
Surgery Center Holdings, Inc. 1LN, term loan 1 month U.S. LIBOR + 3.750% 7.07% 8/31/26 (b)(c)(d) | 16,740 | 15,956 | |
U.S. Anesthesia Partners, Inc.: | |||
2LN, term loan 1 month U.S. LIBOR + 7.500% 10.6279% 10/1/29 (b)(c)(d)(e) | 2,820 | 2,594 | |
Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.250% 7.3779% 10/1/28 (b)(c)(d) | 20,409 | 19,337 | |
U.S. Radiology Specialists, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 5.250% 8.9241% 12/15/27 (b)(c)(d) | 14,919 | 13,353 | |
Upstream Newco, Inc. 1LN, term loan 1 month U.S. LIBOR + 4.250% 8.0648% 11/20/26 (b)(c)(d) | 7,987 | 7,168 | |
TOTAL HEALTHCARE | 618,094 | ||
Homebuilders/Real Estate - 0.7% | |||
DTZ U.S. Borrower LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.750% 6.5039% 8/21/25 (b)(c)(d) | 36,672 | 35,827 | |
Fluidra Finco SL Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.000% 5.8287% 1/27/29 (b)(c)(d) | 19,632 | 18,834 | |
Lightstone Holdco LLC: | |||
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.750% 9.4787% 1/30/27 (b)(c)(d) | 8,926 | 8,042 | |
Tranche C 1LN, term loan CME Term SOFR 1 Month Index + 5.750% 9.4787% 1/30/27 (b)(c)(d) | 505 | 455 | |
Ryan Specialty Group LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.000% 6.8287% 9/1/27 (b)(c)(d) | 18,954 | 18,652 | |
TOTAL HOMEBUILDERS/REAL ESTATE | 81,810 | ||
Hotels - 2.4% | |||
Aimbridge Acquisition Co., Inc. Tranche B, term loan 3 month U.S. LIBOR + 3.750% 7.5039% 2/1/26 (b)(c)(d) | 3,678 | 3,319 | |
ASP LS Acquisition Corp. Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.500% 7.3769% 4/30/28 (b)(c)(d) | 11,655 | 9,149 | |
BRE/Everbright M6 Borrower LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 5.000% 8.4891% 9/9/26 (b)(c)(d) | 10,880 | 10,642 | |
Carnival Finance LLC Tranche B 1LN, term loan: | |||
1 month U.S. LIBOR + 3.000% 5.8769% 6/30/25 (b)(c)(d) | 31,858 | 29,833 | |
1 month U.S. LIBOR + 3.250% 6.1269% 10/18/28 (b)(c)(d) | 25,482 | 23,301 | |
Four Seasons Holdings, Inc. Tranche B, term loan 3 month U.S. LIBOR + 2.000% 5.7539% 11/30/23 (b)(c)(d) | 33,603 | 33,525 | |
Hilton Grand Vacations Borrower LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.000% 6.7539% 8/2/28 (b)(c)(d) | 70,658 | 69,509 | |
Hilton Worldwide Finance LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 1.750% 5.3356% 6/21/26 (b)(c)(d) | 21,135 | 20,746 | |
Marriott Ownership Resorts, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 1.750% 5.5039% 8/31/25 (b)(c)(d) | 27,581 | 26,616 | |
Oravel Stays Singapore Pte Ltd. Tranche B 1LN, term loan 1 month U.S. LIBOR + 8.250% 11.86% 6/23/26 (b)(c)(d) | 7,856 | 6,697 | |
Travelport Finance Luxembourg SARL 1LN, term loan: | |||
1 month U.S. LIBOR + 5.170% 12.4241% 2/28/25 (b)(c)(d) | 18,778 | 18,539 | |
3 month U.S. LIBOR + 6.750% 10.4241% 5/30/26 (b)(c)(d) | 23,369 | 15,672 | |
Wyndham Hotels & Resorts, Inc. Tranche B, term loan 3 month U.S. LIBOR + 1.750% 5.5039% 5/30/25 (b)(c)(d) | 20,878 | 20,726 | |
TOTAL HOTELS | 288,274 | ||
Insurance - 4.2% | |||
Acrisure LLC: | |||
Tranche B 1LN, term loan: | |||
1 month U.S. LIBOR + 3.500% 7.2539% 2/13/27 (b)(c)(d) | 49,515 | 45,864 | |
1 month U.S. LIBOR + 4.250% 8.0039% 2/15/27 (b)(c)(d) | 12,783 | 12,107 | |
Tranche B-2 1LN, term loan 1 month U.S. LIBOR + 3.750% 7.5039% 2/15/27 (b)(c)(d) | 11,880 | 11,045 | |
Alliant Holdings Intermediate LLC: | |||
Tranche B, term loan 1 month U.S. LIBOR + 3.250% 7.0039% 5/10/25 (b)(c)(d) | 20,302 | 19,697 | |
Tranche B-2 1LN, term loan 1 month U.S. LIBOR + 3.250% 7.0039% 5/9/25 (b)(c)(d) | 2,419 | 2,346 | |
Tranche B3 1LN, term loan 1 month U.S. LIBOR + 3.500% 6.9799% 11/12/27 (b)(c)(d) | 34,743 | 33,508 | |
AmWINS Group, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.250% 6.0039% 2/19/28 (b)(c)(d) | 22,744 | 22,219 | |
AssuredPartners, Inc.: | |||
1 LN, term loan CME Term SOFR 1 Month Index + 3.500% 7.2287% 2/13/27 (b)(c)(d) | 12,278 | 11,695 | |
Tranche B 1LN, term loan: | |||
1 month U.S. LIBOR + 3.500% 7.2539% 2/13/27 (b)(c)(d) | 746 | 710 | |
1 month U.S. LIBOR + 3.500% 7.2539% 2/13/27 (b)(c)(d) | 19,118 | 18,210 | |
Asurion LLC: | |||
Tranche B 7LN, term loan 1 month U.S. LIBOR + 3.000% 6.7539% 11/3/24 (b)(c)(d) | 18,654 | 17,578 | |
Tranche B3 2LN, term loan 1 month U.S. LIBOR + 5.250% 9.0039% 1/31/28 (b)(c)(d) | 54,643 | 38,284 | |
Tranche B4 2LN, term loan 1 month U.S. LIBOR + 5.250% 9.0039% 1/20/29 (b)(c)(d) | 57,985 | 40,155 | |
Tranche B8 1LN, term loan 1 month U.S. LIBOR + 3.250% 7.0039% 12/23/26 (b)(c)(d) | 33,236 | 29,487 | |
Tranche B9 1LN, term loan 1 month U.S. LIBOR + 3.250% 7.0039% 7/31/27 (b)(c)(d) | 33,040 | 29,075 | |
HUB International Ltd.: | |||
Tranche B 1LN, term loan: | |||
1 month U.S. LIBOR + 3.250% 7.5268% 4/25/25 (b)(c)(d) | 54,302 | 53,272 | |
CME Term SOFR 1 Month Index + 4.000% 11/10/29 (c)(d)(g) | 9,755 | 9,462 | |
Tranche B, term loan 1 month U.S. LIBOR + 3.000% 7.326% 4/25/25 (b)(c)(d) | 63,552 | 62,248 | |
USI, Inc.: | |||
1LN, term loan 1 month U.S. LIBOR + 3.250% 6.9241% 12/2/26 (b)(c)(d) | 6,160 | 6,014 | |
Tranche B, term loan 3 month U.S. LIBOR + 2.750% 6.4241% 5/16/24 (b)(c)(d) | 42,225 | 41,671 | |
TOTAL INSURANCE | 504,647 | ||
Leisure - 2.8% | |||
Alterra Mountain Co. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.500% 7.2539% 8/17/28 (b)(c)(d) | 18,369 | 17,921 | |
Arcis Golf LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.250% 8.0039% 11/24/28 (b)(c)(d) | 7,398 | 7,324 | |
City Football Group Ltd. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.500% 6.484% 7/21/28 (b)(c)(d) | 50,288 | 46,642 | |
Crown Finance U.S., Inc.: | |||
1LN, term loan CME Term SOFR 1 Month Index + 10.000% 13.3683% 9/9/23 (b)(c)(d) | 14,215 | 14,188 | |
Tranche B 1LN, term loan: | |||
1 month U.S. LIBOR + 8.250% 10.0763% 5/23/24 (b)(c)(d) | 2,550 | 2,710 | |
3 month U.S. LIBOR + 2.500% 3.9997% 2/28/25 (b)(c)(d) | 26,272 | 8,220 | |
3 month U.S. LIBOR + 2.750% 4.2497% 9/30/26 (b)(c)(d) | 1,462 | 440 | |
15.25% 5/23/24 (d) | 4,236 | 4,993 | |
Tranche DD 1LN, term loan CME Term SOFR 1 Month Index + 10.000% 9/9/23 (c)(d)(f) | 1,195 | 1,192 | |
Delta 2 SARL Tranche B, term loan 3 month U.S. LIBOR + 2.500% 6.2539% 2/1/24 (b)(c)(d) | 70,568 | 70,362 | |
Equinox Holdings, Inc.: | |||
Tranche 2LN, term loan 3 month U.S. LIBOR + 7.000% 10.6741% 9/8/24 (b)(c)(d) | 7,325 | 4,704 | |
Tranche B-1, term loan 3 month U.S. LIBOR + 3.000% 6.6741% 3/8/24 (b)(c)(d) | 29,224 | 21,273 | |
Hayward Industries, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.500% 6.2539% 5/28/28 (b)(c)(d) | 16,049 | 15,056 | |
Herschend Entertainment Co. LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 7.56% 8/27/28 (b)(c)(d) | 6,638 | 6,563 | |
Lids Holdings, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 5.500% 8.9904% 12/14/26 (b)(c)(d)(e) | 25,343 | 23,696 | |
MajorDrive Holdings IV LLC 1LN, term loan 1 month U.S. LIBOR + 4.000% 7.125% 5/12/28 (b)(c)(d) | 12,196 | 11,207 | |
SeaWorld Parks & Entertainment, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.000% 6.8125% 8/25/28 (b)(c)(d) | 18,184 | 17,722 | |
SP PF Buyer LLC Tranche B 1LN, term loan 3 month U.S. LIBOR + 4.500% 8.2539% 12/21/25 (b)(c)(d) | 15,802 | 12,444 | |
Topgolf Callaway Brands Corp. Tranche B, term loan 3 month U.S. LIBOR + 4.500% 8.2539% 1/4/26 (b)(c)(d) | 9,928 | 9,897 | |
United PF Holdings LLC: | |||
1LN, term loan 1 month U.S. LIBOR + 4.000% 7.6741% 12/30/26 (b)(c)(d) | 34,898 | 29,532 | |
2LN, term loan 3 month U.S. LIBOR + 8.500% 12.1741% 12/30/27 (b)(c)(d) | 3,500 | 3,194 | |
Tranche B 1LN, term loan 1 month U.S. LIBOR + 8.500% 12.1741% 12/30/26 (b)(c)(d)(e) | 3,567 | 3,317 | |
TOTAL LEISURE | 332,597 | ||
Paper - 0.9% | |||
Ahlstrom-Munksjo OYJ 1LN, term loan 1 month U.S. LIBOR + 3.750% 7.4241% 2/4/28 (b)(c)(d) | 10,954 | 10,051 | |
Clydesdale Acquisition Holdings, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 4.170% 8.0037% 4/13/29 (b)(c)(d) | 89,226 | 85,818 | |
Journey Personal Care Corp. Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.250% 7.9241% 3/1/28 (b)(c)(d) | 15,025 | 9,478 | |
TOTAL PAPER | 105,347 | ||
Publishing/Printing - 0.5% | |||
Harland Clarke Holdings Corp.: | |||
1LN, term loan 1 month U.S. LIBOR + 7.750% 11.4241% 6/16/26 (b)(c)(d) | 15,246 | 10,552 | |
Tranche B 7LN, term loan 3 month U.S. LIBOR + 4.750% 8.4241% 11/3/23 (b)(c)(d) | 1,828 | 1,277 | |
Learning Care Group (U.S.) No 2, Inc. Tranche B 1LN, term loan: | |||
1 month U.S. LIBOR + 8.500% 12.1489% 3/13/25 (b)(c)(d)(e) | 8,876 | 8,731 | |
3 month U.S. LIBOR + 3.250% 7.5859% 3/13/25 (b)(c)(d) | 6,182 | 5,898 | |
MJH Healthcare Holdings LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 7.3287% 1/28/29 (b)(c)(d) | 14,781 | 14,226 | |
Recorded Books, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.000% 7.5784% 8/29/25 (b)(c)(d) | 3,890 | 3,772 | |
RLG Holdings LLC: | |||
2LN, term loan 1 month U.S. LIBOR + 7.500% 11.2539% 7/2/29 (b)(c)(d) | 2,290 | 2,141 | |
Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.000% 7.7539% 7/8/28 (b)(c)(d) | 9,091 | 8,500 | |
Scripps (E.W.) Co. Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.750% 6.5039% 1/7/28 (b)(c)(d) | 8,080 | 7,942 | |
TOTAL PUBLISHING/PRINTING | 63,039 | ||
Railroad - 0.9% | |||
AIT Worldwide Logistics Holdings, Inc. 1LN, term loan 1 month U.S. LIBOR + 4.750% 8.4907% 4/6/28 (b)(c)(d) | 16,684 | 14,870 | |
Echo Global Logistics, Inc. 1LN, term loan 1 month U.S. LIBOR + 3.500% 7.2539% 11/23/28 (b)(c)(d) | 13,380 | 12,102 | |
Einstein Merger Sub, Inc. 2LN, term loan 3 month U.S. LIBOR + 7.000% 11.0231% 11/23/29 (b)(c)(d)(e) | 8,145 | 8,104 | |
First Student Bidco, Inc.: | |||
Tranche B 1LN, term loan: | |||
1 month U.S. LIBOR + 3.000% 6.6419% 7/21/28 (b)(c)(d) | 5,669 | 5,322 | |
CME Term SOFR 1 Month Index + 4.000% 7.6532% 7/21/28 (b)(c)(d) | 11,815 | 11,176 | |
Tranche C 1LN, term loan: | |||
1 month U.S. LIBOR + 3.000% 6.6419% 7/21/28 (b)(c)(d) | 2,109 | 1,980 | |
CME Term SOFR 1 Month Index + 4.000% 7.6532% 7/21/28 (b)(c)(d) | 820 | 776 | |
Genesee & Wyoming, Inc. 1LN, term loan 3 month U.S. LIBOR + 2.000% 5.6741% 12/30/26 (b)(c)(d) | 20,335 | 20,061 | |
Worldwide Express, Inc.: | |||
1LN, term loan 1 month U.S. LIBOR + 4.000% 7.6741% 7/22/28 (b)(c)(d) | 34,115 | 30,170 | |
Tranche B 2LN, term loan 1 month U.S. LIBOR + 7.000% 10.6741% 7/22/29 (b)(c)(d) | 4,920 | 4,059 | |
TOTAL RAILROAD | 108,620 | ||
Restaurants - 0.9% | |||
Burger King Worldwide, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 1.750% 5.6549% 11/19/26 (b)(c)(d) | 10,424 | 10,130 | |
Dave & Buster's, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.000% 8.875% 6/29/29 (b)(c)(d) | 12,309 | 12,019 | |
Flynn Restaurant Group LP Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.250% 8.0039% 11/22/28 (b)(c)(d) | 11,002 | 10,349 | |
KFC Holding Co. Tranche B 1LN, term loan 1 month U.S. LIBOR + 1.750% 5.193% 3/15/28 (b)(c)(d) | 13,791 | 13,591 | |
Pacific Bells LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.500% 8.3148% 10/20/28 (b)(c)(d) | 11,393 | 10,510 | |
PFC Acquisition Corp. Tranche B 1LN, term loan 3 month U.S. LIBOR + 6.500% 9.5696% 3/1/26 (b)(c)(d) | 12,571 | 10,978 | |
Restaurant Technologies, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 7.8032% 4/1/29 (b)(c)(d) | 5,970 | 5,852 | |
Whatabrands LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.250% 7.0039% 7/21/28 (b)(c)(d) | 38,981 | 36,967 | |
TOTAL RESTAURANTS | 110,396 | ||
Services - 8.7% | |||
ABG Intermediate Holdings 2 LLC: | |||
Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.250% 7.0039% 9/27/24 (b)(c)(d) | 14,401 | 14,092 | |
Tranche B 2LN, term loan CME Term SOFR 1 Month Index + 6.000% 9.8287% 12/20/29 (b)(c)(d) | 12,280 | 11,298 | |
Tranche B1 LN, term loan CME Term SOFR 1 Month Index + 3.500% 7.3287% 12/21/28 (b)(c)(d) | 53,666 | 51,452 | |
Adtalem Global Education, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.000% 7.5724% 8/12/28 (b)(c)(d) | 9,810 | 9,684 | |
AEA International Holdings Luxembourg SARL Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 7.4375% 9/7/28 (b)(c)(d)(e) | 5,488 | 5,379 | |
All-Star Bidco AB: | |||
Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.000% 7.0696% 11/16/28 (b)(c)(d) | 6,526 | 6,308 | |
Tranche B1 1LN, term loan 1 month U.S. LIBOR + 3.500% 6.5696% 11/16/28 (b)(c)(d) | 16,624 | 16,084 | |
Allied Universal Holdco LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 7.5039% 5/14/28 (b)(c)(d) | 43,637 | 39,519 | |
APX Group, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.250% 6.7345% 7/9/28 (b)(c)(d) | 21,168 | 19,411 | |
Aramark Services, Inc.: | |||
Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.500% 6.2539% 4/6/28 (b)(c)(d) | 26,696 | 26,251 | |
Tranche B 3LN, term loan 1 month U.S. LIBOR + 1.750% 5.5039% 3/11/25 (b)(c)(d) | 875 | 848 | |
Tranche B-4 1LN, term loan 1 month U.S. LIBOR + 1.750% 5.5039% 1/15/27 (b)(c)(d) | 4,663 | 4,501 | |
Ascend Learning LLC: | |||
2LN, term loan 1 month U.S. LIBOR + 5.750% 9.5039% 12/10/29 (b)(c)(d) | 14,580 | 12,338 | |
Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.500% 7.2539% 12/10/28 (b)(c)(d) | 37,100 | 33,957 | |
Asurion LLC 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 7.6532% 8/17/28 (b)(c)(d) | 35,814 | 32,152 | |
Brand Energy & Infrastructure Services, Inc. Tranche B, term loan 3 month U.S. LIBOR + 4.250% 8.493% 6/21/24 (b)(c)(d) | 59,669 | 51,502 | |
Bright Horizons Family Solutions Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.250% 6.01% 11/19/28 (b)(c)(d) | 11,672 | 11,365 | |
Brown Group Holding LLC Tranche B2 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 7.7412% 6/9/29 (b)(c)(d) | 5,480 | 5,421 | |
Cast & Crew Payroll LLC Tranche B 1LN, term loan: | |||
1 month U.S. LIBOR + 3.500% 7.2539% 2/7/26 (b)(c)(d) | 31,508 | 30,921 | |
CME Term SOFR 1 Month Index + 3.750% 7.4787% 12/30/28 (b)(c)(d) | 16,074 | 15,780 | |
CHG Healthcare Services, Inc. 1LN, term loan 1 month U.S. LIBOR + 3.250% 7.0039% 9/30/28 (b)(c)(d) | 7,174 | 6,952 | |
Citadel Securities LP Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 6.8432% 2/2/28 (b)(c)(d) | 6,825 | 6,777 | |
Congruex Group LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.750% 9.9942% 5/3/29 (b)(c)(d) | 18,244 | 17,697 | |
CoreLogic, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.500% 7.3125% 6/2/28 (b)(c)(d) | 45,991 | 33,790 | |
EAB Global, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.500% 7.2539% 8/16/28 (b)(c)(d) | 13,910 | 13,236 | |
Element Materials Technology Group: | |||
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 6/24/29 (c)(d)(g) | 7,687 | 7,437 | |
Tranche DD 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 6/24/29 (c)(d)(g) | 3,548 | 3,433 | |
EmployBridge LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.750% 8.4241% 7/19/28 (b)(c)(d) | 31,358 | 26,749 | |
Ensemble RCM LLC 1LN, term loan 3 month U.S. LIBOR + 3.750% 7.9442% 8/1/26 (b)(c)(d) | 11,787 | 11,606 | |
Filtration Group Corp.: | |||
Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.500% 7.2539% 10/21/28 (b)(c)(d) | 14,484 | 13,959 | |
Tranche B, term loan 3 month U.S. LIBOR + 3.000% 6.7539% 3/29/25 (b)(c)(d) | 9,449 | 9,235 | |
Finastra U.S.A., Inc.: | |||
Tranche 2LN, term loan 3 month U.S. LIBOR + 7.250% 10.6207% 6/13/25 (b)(c)(d) | 13,700 | 10,027 | |
Tranche B 1LN, term loan 3 month U.S. LIBOR + 3.500% 6.8707% 6/13/24 (b)(c)(d) | 32,311 | 29,142 | |
Flexera Software LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 7.51% 3/3/28 (b)(c)(d) | 9,825 | 9,438 | |
Franchise Group, Inc. Tranche B 1LN, term loan 3 month U.S. LIBOR + 4.750% 8.6875% 3/10/26 (b)(c)(d) | 27,902 | 26,768 | |
Galaxy U.S. Opco, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 4.750% 8.4787% 4/29/29 (b)(c)(d) | 14,405 | 13,037 | |
Gateway Merger Sub 2021, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 5.250% 9.4211% 6/30/28 (b)(c)(d) | 7,133 | 6,497 | |
GEMS MENASA Cayman Ltd. Tranche B 1LN, term loan 1 month U.S. LIBOR + 5.000% 8.5664% 7/30/26 (b)(c)(d) | 16,012 | 15,744 | |
Greeneden U.S. Holdings II LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.000% 7.7539% 12/1/27 (b)(c)(d) | 17,381 | 16,914 | |
Indy U.S. Bidco LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 7.5039% 3/5/28 (b)(c)(d) | 8,550 | 7,546 | |
Ion Trading Finance Ltd. Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.750% 8.4241% 3/26/28 (b)(c)(d) | 33,294 | 30,887 | |
KNS Acquisitions, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 6.250% 10.4199% 4/21/27 (b)(c)(d) | 8,315 | 7,664 | |
KUEHG Corp.: | |||
Tranche B 2LN, term loan 3 month U.S. LIBOR + 8.250% 12.0039% 8/22/25 (b)(c)(d) | 6,500 | 6,259 | |
Tranche B, term loan 3 month U.S. LIBOR + 3.750% 7.5039% 2/21/25 (b)(c)(d) | 28,281 | 27,036 | |
Maverick Purchaser Sub LLC: | |||
Tranche B 1LN, term loan: | |||
1 month U.S. LIBOR + 4.000% 7.7977% 1/23/27 (b)(c)(d) | 19,140 | 18,518 | |
CME Term SOFR 1 Month Index + 4.000% 7.3925% 2/16/29 (b)(c)(d) | 27,935 | 26,980 | |
Tranche B 2LN, term loan 1 month U.S. LIBOR + 8.750% 12.9199% 1/31/28 (b)(c)(d) | 10,815 | 9,734 | |
Mckissock Investment Holdings Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.000% 8.7372% 3/10/29 (b)(c)(d) | 6,628 | 6,352 | |
Pilot Travel Centers LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.000% 5.8287% 8/4/28 (b)(c)(d) | 39,742 | 38,649 | |
PowerTeam Services LLC: | |||
1LN, term loan 3 month U.S. LIBOR + 3.250% 6.9241% 3/5/25 (b)(c)(d) | 1,473 | 1,195 | |
Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.500% 7.1741% 3/6/25 (b)(c)(d) | 13,329 | 10,886 | |
Sabert Corp. Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.500% 8.3125% 12/10/26 (b)(c)(d)(e) | 13,878 | 13,566 | |
Sabre GLBL, Inc.: | |||
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.000% 8.8287% 6/30/28 (b)(c)(d) | 2,000 | 1,835 | |
Tranche B-1 1LN, term loan 1 month U.S. LIBOR + 3.500% 7.2538% 12/17/27 (b)(c)(d) | 2,155 | 1,915 | |
Tranche B-2 1LN, term loan 1 month U.S. LIBOR + 3.500% 7.2539% 12/17/27 (b)(c)(d) | 3,435 | 3,053 | |
Signal Parent, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.500% 7.2539% 4/3/28 (b)(c)(d) | 19,529 | 13,353 | |
Sitel Worldwide Corp. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 7.51% 8/27/28 (b)(c)(d) | 12,939 | 12,729 | |
Spin Holdco, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.000% 7.1441% 3/4/28 (b)(c)(d) | 76,142 | 66,846 | |
SuperMoose Borrower LLC Tranche B 1LN, term loan 3 month U.S. LIBOR + 3.750% 7.4241% 8/29/25 (b)(c)(d) | 7,992 | 6,891 | |
The GEO Group, Inc. Tranche 1B 1LN, term loan CME Term SOFR 1 Month Index + 7.120% 10.8537% 3/23/27 (b)(c)(d) | 5,651 | 5,562 | |
Uber Technologies, Inc. Tranche B 1LN, term loan: | |||
1 month U.S. LIBOR + 3.500% 6.5696% 4/4/25 (b)(c)(d) | 22,749 | 22,510 | |
1 month U.S. LIBOR + 3.500% 6.5696% 2/25/27 (b)(c)(d) | 6,024 | 5,979 | |
Vaco Holdings LLC 1LN, term loan CME Term SOFR 1 Month Index + 5.000% 8.7076% 1/21/29 (b)(c)(d) | 12,689 | 12,281 | |
WMB Holdings, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8/9/29 (c)(d)(g) | 11,650 | 11,446 | |
TOTAL SERVICES | 1,046,373 | ||
Specialty Retailing - 0.1% | |||
New SK Holdco Sub LLC 1LN, term loan CME Term SOFR 1 Month Index + 8.350% 11.7257% 6/30/27 (b)(c)(d) | 17,935 | 16,074 | |
Steel - 0.2% | |||
Atkore International, Inc. Tranche B1LN, term loan 1 month U.S. LIBOR + 2.000% 6.1875% 5/26/28 (b)(c)(d) | 4,663 | 4,628 | |
JMC Steel Group, Inc. 1LN, term loan 1 month U.S. LIBOR + 2.000% 5.6039% 1/24/27 (b)(c)(d) | 12,644 | 12,249 | |
Tiger Acquisition LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.250% 6.3653% 6/1/28 (b)(c)(d) | 11,411 | 10,625 | |
TOTAL STEEL | 27,502 | ||
Super Retail - 4.1% | |||
Academy Ltd. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 6.8779% 11/6/27 (b)(c)(d) | 15,927 | 15,679 | |
At Home Group, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.000% 7.7429% 7/24/28 (b)(c)(d) | 18,388 | 14,435 | |
Bass Pro Group LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 7.5039% 3/5/28 (b)(c)(d) | 329,279 | 309,357 | |
BJ's Wholesale Club, Inc. Tranche B 1LN, term loan 3 month U.S. LIBOR + 2.000% 5.3456% 2/3/24 (b)(c)(d) | 12,213 | 12,213 | |
Empire Today LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 5.000% 8.3003% 4/1/28 (b)(c)(d) | 15,436 | 11,346 | |
Harbor Freight Tools U.S.A., Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.750% 6.5039% 10/19/27 (b)(c)(d) | 34,442 | 32,246 | |
LBM Acquisition LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 7.1207% 12/18/27 (b)(c)(d) | 9,542 | 8,142 | |
Michaels Companies, Inc. 1LN, term loan 1 month U.S. LIBOR + 4.250% 7.9241% 4/15/28 (b)(c)(d) | 42,582 | 32,655 | |
Red Ventures LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.500% 6.2539% 11/8/24 (b)(c)(d) | 14,771 | 14,479 | |
RH: | |||
Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.500% 6.2539% 10/20/28 (b)(c)(d) | 29,522 | 27,551 | |
Tranche B2 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 7.0787% 10/20/28 (b)(c)(d) | 11,385 | 10,721 | |
TOTAL SUPER RETAIL | 488,824 | ||
Technology - 15.6% | |||
A&V Holdings Midco LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 5.370% 9.5378% 3/10/27 (b)(c)(d) | 16,726 | 16,224 | |
Acuris Finance U.S., Inc. 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 7.7032% 2/16/28 (b)(c)(d) | 12,320 | 12,027 | |
Alliance Laundry Systems LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.500% 7.4087% 10/8/27 (b)(c)(d) | 11,025 | 10,623 | |
Anastasia Parent LLC Tranche B, term loan 3 month U.S. LIBOR + 3.750% 7.4241% 8/10/25 (b)(c)(d) | 37,605 | 28,245 | |
Applied Systems, Inc. Tranche B, term loan 1 month U.S. LIBOR + 3.000% 6.6741% 9/19/24 (b)(c)(d) | 8,980 | 8,856 | |
Aptean, Inc. 1LN, term loan 1 month U.S. LIBOR + 4.250% 7.3196% 4/23/26 (b)(c)(d) | 15,206 | 14,509 | |
Arches Buyer, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.250% 7.0039% 12/4/27 (b)(c)(d) | 13,452 | 11,874 | |
Athenahealth Group, Inc.: | |||
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 6.9671% 2/15/29 (b)(c)(d) | 121,498 | 110,766 | |
Tranche DD 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 2/15/29 (c)(d)(f) | 20,645 | 18,821 | |
AZZ, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 8.0787% 5/13/29 (b)(c)(d) | 19,277 | 19,109 | |
Camelot Finance SA: | |||
Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.000% 6.7539% 10/31/26 (b)(c)(d) | 25,617 | 25,180 | |
Tranche B, term loan 1 month U.S. LIBOR + 3.000% 6.7539% 10/31/26 (b)(c)(d) | 34,597 | 33,955 | |
Central Parent, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 4.500% 8.1123% 7/6/29 (b)(c)(d) | 53,970 | 52,767 | |
Ceridian HCM Holding, Inc. Tranche B, term loan 1 month U.S. LIBOR + 2.500% 6.2539% 4/30/25 (b)(c)(d) | 25,948 | 25,027 | |
Coherent Corp. Tranche B 1LN, term loan 3 month U.S. LIBOR + 2.750% 5.8779% 7/1/29 (b)(c)(d) | 46,120 | 44,813 | |
CommScope, Inc. Tranche B 1LN, term loan 3 month U.S. LIBOR + 3.250% 7.0039% 4/4/26 (b)(c)(d) | 42,189 | 40,132 | |
ConnectWise LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.500% 7.1741% 9/30/28 (b)(c)(d) | 25,706 | 24,217 | |
Constant Contact, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.000% 7.9087% 2/10/28 (b)(c)(d) | 9,901 | 8,520 | |
DCert Buyer, Inc.: | |||
1LN, term loan 3 month U.S. LIBOR + 4.000% 6.9027% 10/16/26 (b)(c)(d) | 48,759 | 46,876 | |
Tranche B 2LN, term loan 1 month U.S. LIBOR + 7.000% 9.9027% 2/19/29 (b)(c)(d) | 18,043 | 16,761 | |
DG Investment Intermediate Holdings, Inc.: | |||
2LN, term loan 1 month U.S. LIBOR + 6.750% 10.5039% 3/31/29 (b)(c)(d) | 2,490 | 2,316 | |
Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 7.5039% 3/31/28 (b)(c)(d) | 10,823 | 10,207 | |
ECL Entertainment LLC 1LN, term loan 1 month U.S. LIBOR + 7.500% 11.1685% 4/30/28 (b)(c)(d) | 4,938 | 4,900 | |
Entegris, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 5.8214% 7/6/29 (b)(c)(d) | 52,280 | 51,953 | |
Eos U.S. Finco LLC 1LN, term loan CME Term SOFR 1 Month Index + 6.000% 9.6123% 10/6/29 (b)(c)(d) | 9,000 | 8,550 | |
Epicor Software Corp. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.250% 7.0039% 7/31/27 (b)(c)(d) | 24,611 | 23,405 | |
Global IID Parent LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.500% 8.1741% 12/16/28 (b)(c)(d) | 7,568 | 7,152 | |
Go Daddy Operating Co. LLC: | |||
Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.000% 5.7539% 8/10/27 (b)(c)(d) | 982 | 965 | |
Tranche B, term loan 1 month U.S. LIBOR + 1.750% 5.5039% 2/15/24 (b)(c)(d) | 16,943 | 16,815 | |
Hunter U.S. Bidco, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.250% 7.9241% 8/19/28 (b)(c)(d) | 10,414 | 9,997 | |
Hyland Software, Inc.: | |||
2LN, term loan 1 month U.S. LIBOR + 6.250% 10.0039% 7/10/25 (b)(c)(d) | 1,098 | 1,051 | |
Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.500% 7.2539% 7/1/24 (b)(c)(d) | 17,988 | 17,524 | |
Icon Luxembourg Sarl Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.250% 5.9375% 7/3/28 (b)(c)(d) | 67,844 | 67,080 | |
Imprivata, Inc. Tranche B 1LN, term loan: | |||
1 month U.S. LIBOR + 3.750% 7.5039% 12/1/27 (b)(c)(d) | 9,850 | 9,613 | |
CME Term SOFR 1 Month Index + 4.250% 7.9787% 12/1/27 (b)(c)(d) | 998 | 978 | |
Maxar Technologies, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 8.0787% 6/9/29 (b)(c)(d) | 5,267 | 5,040 | |
McAfee Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 6.8696% 3/1/29 (b)(c)(d) | 6,544 | 5,975 | |
MH Sub I LLC: | |||
1LN, term loan 1 month U.S. LIBOR + 3.750% 7.5039% 9/15/24 (b)(c)(d) | 38,802 | 37,307 | |
Tranche B 2LN, term loan 1 month U.S. LIBOR + 6.250% 9.9787% 2/23/29 (b)(c)(d) | 14,580 | 13,322 | |
Tranche B, term loan 3 month U.S. LIBOR + 3.750% 7.5039% 9/15/24 (b)(c)(d) | 34,840 | 33,490 | |
MKS Instruments, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 6.3171% 8/17/29 (b)(c)(d) | 35,070 | 34,256 | |
Motus Group LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.000% 7.7539% 12/10/28 (b)(c)(d) | 10,975 | 10,248 | |
NAVEX TopCo, Inc.: | |||
2LN, term loan 3 month U.S. LIBOR + 7.000% 10.76% 9/4/26 (b)(c)(d) | 2,225 | 2,169 | |
Tranche B 1LN, term loan 3 month U.S. LIBOR + 3.250% 7.01% 9/5/25 (b)(c)(d) | 9,265 | 9,135 | |
NortonLifeLock, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.000% 5.8287% 9/12/29 (b)(c)(d) | 73,425 | 71,544 | |
Osmosis Debt Merger Sub, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 6.858% 7/30/28 (b)(c)(d) | 9,541 | 8,859 | |
Park Place Technologies LLC 1LN, term loan 1 month U.S. LIBOR + 5.000% 8.8287% 11/10/27 (b)(c)(d) | 23,836 | 22,555 | |
Peraton Corp. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 7.5039% 2/1/28 (b)(c)(d) | 102,167 | 98,190 | |
Polaris Newco LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.000% 7.6741% 6/2/28 (b)(c)(d) | 64,173 | 58,487 | |
Project Boost Purchaser LLC 1LN, term loan 3 month U.S. LIBOR + 3.500% 7.2539% 5/30/26 (b)(c)(d) | 18,248 | 17,532 | |
Proofpoint, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.250% 6.3196% 8/31/28 (b)(c)(d) | 46,332 | 44,016 | |
Rackspace Technology Global, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.750% 5.6167% 2/15/28 (b)(c)(d) | 33,304 | 20,991 | |
RealPage, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.000% 6.7539% 4/22/28 (b)(c)(d) | 42,731 | 40,087 | |
Red Planet Borrower LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 7.5039% 9/30/28 (b)(c)(d) | 14,025 | 8,375 | |
Renaissance Holdings Corp.: | |||
1LN, term loan CME Term SOFR 1 Month Index + 4.000% 7.608% 3/17/29 (b)(c)(d) | 3,212 | 3,110 | |
Tranche B 1LN, term loan 3 month U.S. LIBOR + 3.250% 7.0039% 5/31/25 (b)(c)(d) | 24,905 | 24,029 | |
Tranche B 2LN, term loan 3 month U.S. LIBOR + 7.000% 10.7539% 5/31/26 (b)(c)(d) | 7,642 | 7,268 | |
Seattle Spinco, Inc.: | |||
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 7.5905% 3/1/27 (b)(c)(d) | 44,501 | 44,001 | |
Tranche B 3LN, term loan 3 month U.S. LIBOR + 2.750% 6.5039% 6/21/24 (b)(c)(d) | 34,934 | 34,476 | |
Sophia LP: | |||
1LN, term loan CME Term SOFR 1 Month Index + 4.250% 7.9787% 10/7/27 (b)(c)(d) | 14,738 | 14,232 | |
Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.500% 7.1741% 10/7/27 (b)(c)(d) | 14,047 | 13,485 | |
Sovos Compliance LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.500% 8.2539% 8/11/28 (b)(c)(d) | 11,919 | 11,510 | |
SS&C Technologies, Inc.: | |||
Tranche B 3LN, term loan 1 month U.S. LIBOR + 1.750% 5.5039% 4/16/25 (b)(c)(d) | 11,738 | 11,477 | |
Tranche B 4LN, term loan 1 month U.S. LIBOR + 1.750% 5.5039% 4/16/25 (b)(c)(d) | 9,529 | 9,317 | |
Tranche B 5LN, term loan 1 month U.S. LIBOR + 1.750% 5.5039% 4/16/25 (b)(c)(d) | 32,771 | 32,017 | |
Tranche B6 1LN, term loan CME Term SOFR 1 Month Index + 2.250% 6.0787% 3/22/29 (b)(c)(d) | 6,578 | 6,443 | |
Tranche B7 1LN, term loan CME Term SOFR 1 Month Index + 2.250% 6.0787% 3/22/29 (b)(c)(d) | 9,911 | 9,709 | |
STG-Fairway Holdings LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.750% 6.5039% 1/31/27 (b)(c)(d) | 8,146 | 8,027 | |
Tempo Acquisition LLC 1LN, term loan U.S. Secured Overnight Fin. Rate (SOFR) Index + 3.000% 6.7287% 8/31/28 (b)(c)(d) | 46,215 | 45,533 | |
TTM Technologies, Inc. Tranche B, term loan 3 month U.S. LIBOR + 2.500% 5.6279% 9/28/24 (b)(c)(d) | 11,054 | 10,909 | |
UKG, Inc. 1LN, term loan 3 month U.S. LIBOR + 3.750% 7.5039% 5/4/26 (b)(c)(d) | 27,546 | 26,747 | |
Ultimate Software Group, Inc.: | |||
1LN, term loan 1 month U.S. LIBOR + 3.250% 6.9983% 5/3/26 (b)(c)(d) | 60,620 | 58,406 | |
2LN, term loan 1 month U.S. LIBOR + 5.250% 8.9983% 5/3/27 (b)(c)(d) | 28,250 | 25,919 | |
Ust Global, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 7.3264% 11/19/28 (b)(c)(d) | 10,481 | 10,193 | |
Verscend Holding Corp. Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.000% 7.7539% 8/27/25 (b)(c)(d) | 15,802 | 15,584 | |
VFH Parent LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 6.5671% 1/13/29 (b)(c)(d) | 19,210 | 18,770 | |
Virgin Pulse, Inc.: | |||
2LN, term loan 1 month U.S. LIBOR + 7.250% 11.0039% 4/6/29 (b)(c)(d) | 745 | 607 | |
Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.000% 7.7539% 4/6/28 (b)(c)(d) | 14,127 | 12,304 | |
VM Consolidated, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.250% 6.1269% 3/27/28 (b)(c)(d) | 28,521 | 28,271 | |
VS Buyer LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.000% 6.7539% 2/28/27 (b)(c)(d) | 16,453 | 15,973 | |
Weber-Stephen Products LLC Tranche B 1LN, term loan: | |||
1 month U.S. LIBOR + 3.250% 7.0039% 10/30/27 (b)(c)(d) | 8,411 | 6,923 | |
CME Term SOFR 1 Month Index + 4.250% 7.3841% 10/30/27 (b)(c)(d)(e) | 5,766 | 4,786 | |
Zelis Payments Buyer, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.500% 7.2539% 9/30/26 (b)(c)(d) | 26,342 | 25,909 | |
TOTAL TECHNOLOGY | 1,879,321 | ||
Telecommunications - 4.4% | |||
Altice Financing SA Tranche B, term loan: | |||
3 month U.S. LIBOR + 2.750% 6.8291% 7/15/25 (b)(c)(d) | 10,309 | 9,672 | |
3 month U.S. LIBOR + 2.750% 6.8291% 1/31/26 (b)(c)(d) | 24 | 23 | |
Cablevision Lightpath LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.250% 6.6621% 11/30/27 (b)(c)(d) | 5,292 | 5,157 | |
Cincinnati Bell, Inc. Tranche B2 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 7.0787% 11/23/28 (b)(c)(d) | 11,076 | 10,841 | |
Connect U.S. Finco LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.500% 7.26% 12/12/26 (b)(c)(d) | 10,434 | 10,068 | |
Consolidated Communications, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.500% 7.25% 10/2/27 (b)(c)(d) | 16,633 | 13,852 | |
Crown Subsea Communications Holding, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.750% 7.8779% 4/27/27 (b)(c)(d) | 5,998 | 5,857 | |
Frontier Communications Holdings LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 7.4375% 5/1/28 (b)(c)(d) | 47,663 | 44,939 | |
GTT Communications, Inc. Tranche B, term loan 3 month U.S. LIBOR + 4.750% 10% 5/31/25 (b)(c)(d) | 17,918 | 12,339 | |
Intelsat Jackson Holdings SA 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 7.4449% 2/1/29 (b)(c)(d) | 127,439 | 122,581 | |
Level 3 Financing, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 1.750% 5.5039% 3/1/27 (b)(c)(d) | 18,025 | 17,107 | |
Lumen Technologies, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.250% 6.0039% 3/15/27 (b)(c)(d) | 20,779 | 19,320 | |
Northwest Fiber LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 7.9766% 4/30/27 (b)(c)(d) | 32,032 | 30,895 | |
Patagonia Holdco LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.750% 8.386% 8/1/29 (b)(c)(d) | 22,785 | 18,313 | |
Radiate Holdco LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.250% 7.0039% 9/25/26 (b)(c)(d) | 49,116 | 44,867 | |
SBA Senior Finance II, LLC Tranche B, term loan 1 month U.S. LIBOR + 1.750% 5.51% 4/11/25 (b)(c)(d) | 17,336 | 17,169 | |
Securus Technologies Holdings Tranche B, term loan: | |||
3 month U.S. LIBOR + 4.500% 8.1741% 11/1/24 (b)(c)(d) | 36,090 | 29,961 | |
3 month U.S. LIBOR + 8.250% 12.6647% 11/1/25 (b)(c)(d) | 30,400 | 21,882 | |
Windstream Services LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 6.250% 10.0039% 9/21/27 (b)(c)(d) | 25,960 | 23,218 | |
Zayo Group Holdings, Inc. 1LN, term loan: | |||
1 month U.S. LIBOR + 3.000% 6.7539% 3/9/27 (b)(c)(d) | 58,966 | 47,645 | |
CME Term SOFR 1 Month Index + 4.250% 7.9787% 3/9/27 (b)(c)(d) | 21,691 | 17,970 | |
TOTAL TELECOMMUNICATIONS | 523,676 | ||
Textiles/Apparel - 1.3% | |||
Byju's Alpha, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 6.000% 8.9797% 11/24/26 (b)(c)(d) | 21,899 | 17,284 | |
Canada Goose, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.500% 7.1419% 10/7/27 (b)(c)(d) | 1,872 | 1,784 | |
Crocs, Inc. Tranche B1 LN, term loan CME Term SOFR 1 Month Index + 3.500% 7.6511% 2/17/29 (b)(c)(d) | 88,584 | 85,135 | |
Fanatics Commerce Intermediate Holdco LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.250% 7.0039% 11/23/28 (b)(c)(d)(e) | 18,297 | 17,702 | |
Jo-Ann Stores LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.750% 9.0769% 7/7/28 (b)(c)(d) | 14,781 | 9,840 | |
Samsonite IP Holdings SARL Tranche B2 1LN, term loan 1 month U.S. LIBOR + 3.000% 6.7539% 4/25/25 (b)(c)(d) | 3,706 | 3,623 | |
Tory Burch LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.000% 6.7539% 4/14/28 (b)(c)(d) | 18,112 | 16,521 | |
Victoria's Secret & Co. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.250% 6.3941% 8/2/28 (b)(c)(d) | 9,035 | 8,742 | |
TOTAL TEXTILES/APPAREL | 160,631 | ||
Transportation Ex Air/Rail - 0.0% | |||
ASP LS Acquisition Corp. 2LN, term loan 1 month U.S. LIBOR + 7.500% 10.3769% 5/7/29 (b)(c)(d)(e) | 2,965 | 2,016 | |
Utilities - 1.9% | |||
Brookfield WEC Holdings, Inc.: | |||
1LN, term loan CME Term SOFR 1 Month Index + 3.750% 7.4787% 8/1/25 (b)(c)(d) | 12,260 | 12,162 | |
Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.750% 6.5039% 8/1/25 (b)(c)(d) | 57,939 | 56,870 | |
ExGen Renewables IV, LLC Tranche B 1LN, term loan 3 month U.S. LIBOR + 2.500% 5.57% 12/15/27 (b)(c)(d) | 3,690 | 3,650 | |
Granite Generation LLC 1LN, term loan 1 month U.S. LIBOR + 3.750% 7.5039% 11/1/26 (b)(c)(d) | 8,915 | 8,658 | |
Limetree Bay Terminals LLC Tranche B 1LN, term loan 3 month U.S. LIBOR + 4.000% 8.8148% 2/15/24 (b)(c)(d) | 16,654 | 11,401 | |
Luxembourg Investment Co. 428 SARL Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.000% 8.5532% 1/3/29 (b)(c)(d) | 13,685 | 10,948 | |
Osmose Utilities Services, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.250% 6.8823% 6/17/28 (b)(c)(d) | 14,429 | 13,343 | |
PG&E Corp. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.000% 6.8125% 6/23/25 (b)(c)(d) | 25,321 | 24,872 | |
Pike Corp. Tranche B 1LN, term loan: | |||
1 month U.S. LIBOR + 3.000% 6.76% 1/21/28 (b)(c)(d) | 16,389 | 16,052 | |
CME Term SOFR 1 Month Index + 3.500% 7.2287% 1/21/28 (b)(c)(d) | 4,500 | 4,455 | |
TerraForm Power Operating LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 6.4032% 5/20/29 (b)(c)(d) | 7,382 | 7,320 | |
Vertiv Group Corp. Tranche B 1LN, term loan 1 month U.S. LIBOR + 2.750% 5.8779% 3/2/27 (b)(c)(d) | 36,647 | 35,226 | |
Vistra Operations Co. LLC Tranche B 3LN, term loan 1 month U.S. LIBOR + 1.750% 5.436% 12/31/25 (b)(c)(d) | 24,661 | 24,445 | |
TOTAL UTILITIES | 229,402 | ||
TOTAL BANK LOAN OBLIGATIONS (Cost $11,275,686) | 10,531,231 | ||
Nonconvertible Bonds - 3.2% | |||
Principal Amount (a) (000s) | Value ($) (000s) | ||
Aerospace - 0.2% | |||
TransDigm, Inc.: | |||
6.25% 3/15/26 (h) | 22,000 | 21,701 | |
8% 12/15/25 (h) | 1,580 | 1,608 | |
TOTAL AEROSPACE | 23,309 | ||
Air Transportation - 0.1% | |||
American Airlines, Inc. / AAdvantage Loyalty IP Ltd. 5.5% 4/20/26 (h) | 4,290 | 4,085 | |
Delta Air Lines, Inc. / SkyMiles IP Ltd. 4.5% 10/20/25 (h) | 2,870 | 2,797 | |
TOTAL AIR TRANSPORTATION | 6,882 | ||
Automotive & Auto Parts - 0.6% | |||
Rivian Holdco & Rivian LLC & Rivian Automotive LLC 6 month U.S. LIBOR + 5.620% 10.1636% 10/15/26 (b)(c)(h) | 77,840 | 73,948 | |
Broadcasting - 0.0% | |||
Univision Communications, Inc. 6.625% 6/1/27 (h) | 4,550 | 4,493 | |
Building Materials - 0.0% | |||
SRS Distribution, Inc. 4.625% 7/1/28 (h) | 660 | 580 | |
Cable/Satellite TV - 0.1% | |||
Radiate Holdco LLC/Radiate Financial Service Ltd. 4.5% 9/15/26 (h) | 9,355 | 7,905 | |
Chemicals - 0.0% | |||
Kronos Acquisition Holdings, Inc. / KIK Custom Products, Inc. 5% 12/31/26 (h) | 145 | 131 | |
Containers - 0.1% | |||
Ardagh Packaging Finance PLC/Ardagh MP Holdings U.S.A., Inc. 4.125% 8/15/26 (h) | 11,245 | 9,727 | |
Trivium Packaging Finance BV 5.5% 8/15/26 (h) | 5,835 | 5,356 | |
TOTAL CONTAINERS | 15,083 | ||
Energy - 0.1% | |||
Citgo Petroleum Corp. 7% 6/15/25 (h) | 3,960 | 3,899 | |
New Fortress Energy, Inc. 6.75% 9/15/25 (h) | 1,905 | 1,870 | |
Transocean Poseidon Ltd. 6.875% 2/1/27 (h) | 5,451 | 5,220 | |
TOTAL ENERGY | 10,989 | ||
Gaming - 0.5% | |||
Affinity Gaming LLC 6.875% 12/15/27 (h) | 7,315 | 6,106 | |
Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc. 4.625% 1/15/29 (h) | 37,830 | 32,901 | |
Golden Entertainment, Inc. 7.625% 4/15/26 (h) | 5,940 | 5,836 | |
Sugarhouse HSP Gaming Prop Mezz LP/Sugarhouse HSP Gaming Finance Corp. 5.875% 5/15/25 (h) | 7,363 | 6,884 | |
VICI Properties LP / VICI Note Co.: | |||
3.5% 2/15/25 (h) | 1,205 | 1,121 | |
4.25% 12/1/26 (h) | 1,725 | 1,571 | |
4.625% 12/1/29 (h) | 985 | 856 | |
TOTAL GAMING | 55,275 | ||
Healthcare - 0.2% | |||
Embecta Corp. 6.75% 2/15/30 (h) | 8,365 | 7,654 | |
Tenet Healthcare Corp. 4.625% 7/15/24 | 9,470 | 9,233 | |
TOTAL HEALTHCARE | 16,887 | ||
Hotels - 0.0% | |||
Marriott Ownership Resorts, Inc. 6.125% 9/15/25 (h) | 3,554 | 3,514 | |
Leisure - 0.1% | |||
Royal Caribbean Cruises Ltd.: | |||
8.25% 1/15/29 (h) | 7,970 | 7,944 | |
11.625% 8/15/27 (h) | 5,355 | 5,206 | |
TOTAL LEISURE | 13,150 | ||
Paper - 0.0% | |||
Ardagh Metal Packaging Finance U.S.A. LLC/Ardagh Metal Packaging Finance PLC 3.25% 9/1/28 (h) | 3,430 | 2,812 | |
Restaurants - 0.0% | |||
1011778 BC Unlimited Liability Co./New Red Finance, Inc. 5.75% 4/15/25 (h) | 660 | 658 | |
CEC Entertainment LLC 6.75% 5/1/26 (h) | 4,045 | 3,784 | |
TOTAL RESTAURANTS | 4,442 | ||
Services - 0.2% | |||
Adtalem Global Education, Inc. 5.5% 3/1/28 (h) | 4,731 | 4,317 | |
Aramark Services, Inc. 6.375% 5/1/25 (h) | 2,535 | 2,508 | |
GEMS MENASA Cayman Ltd. 7.125% 7/31/26 (h) | 4,675 | 4,386 | |
PowerTeam Services LLC 9.033% 12/4/25 (h) | 18,825 | 15,731 | |
Sotheby's 7.375% 10/15/27 (h) | 275 | 266 | |
TOTAL SERVICES | 27,208 | ||
Super Retail - 0.1% | |||
EG Global Finance PLC 6.75% 2/7/25 (h) | 5,500 | 4,950 | |
Technology - 0.1% | |||
CommScope, Inc. 6% 3/1/26 (h) | 5,800 | 5,594 | |
Maxar Technologies, Inc. 7.75% 6/15/27 (h) | 7,895 | 7,740 | |
TOTAL TECHNOLOGY | 13,334 | ||
Telecommunications - 0.7% | |||
Altice Financing SA 5.75% 8/15/29 (h) | 30,000 | 23,686 | |
Altice France SA: | |||
5.125% 1/15/29 (h) | 8,087 | 6,085 | |
5.125% 7/15/29 (h) | 10,905 | 8,213 | |
5.5% 1/15/28 (h) | 8,480 | 6,798 | |
Consolidated Communications, Inc. 5% 10/1/28 (h) | 410 | 318 | |
Frontier Communications Holdings LLC: | |||
5% 5/1/28 (h) | 4,005 | 3,504 | |
8.75% 5/15/30 (h) | 1,560 | 1,593 | |
Intelsat Jackson Holdings SA 6.5% 3/15/30 (h) | 22,343 | 20,506 | |
LCPR Senior Secured Financing DAC 5.125% 7/15/29 (h) | 810 | 682 | |
Northwest Fiber LLC/Northwest Fiber Finance Sub, Inc. 4.75% 4/30/27 (h) | 710 | 638 | |
Windstream Escrow LLC 7.75% 8/15/28 (h) | 18,810 | 16,276 | |
TOTAL TELECOMMUNICATIONS | 88,299 | ||
Textiles/Apparel - 0.0% | |||
Victoria's Secret & Co. 4.625% 7/15/29 (h) | 4,010 | 3,190 | |
Utilities - 0.1% | |||
Exgen Texas Power LLC 3 month U.S. LIBOR + 6.750% 9.9244% 10/8/26 (b)(c)(e) | 8,608 | 8,608 | |
TOTAL NONCONVERTIBLE BONDS (Cost $419,994) | 384,989 | ||
Common Stocks - 1.5% | |||
Shares | Value ($) (000s) | ||
Broadcasting - 0.0% | |||
ION Media Networks, Inc. (e)(i) | 2,842 | 0 | |
Capital Goods - 0.0% | |||
TNT Crane & Rigging LLC (e)(i) | 512,868 | 2,775 | |
TNT Crane & Rigging LLC warrants 10/31/25 (e)(i) | 86,957 | 17 | |
TOTAL CAPITAL GOODS | 2,792 | ||
Diversified Financial Services - 0.1% | |||
ACNR Holdings, Inc. (e)(i) | 115,087 | 11,509 | |
Lime Tree Bay Ltd. (e) | 2,899 | 98 | |
TOTAL DIVERSIFIED FINANCIAL SERVICES | 11,607 | ||
Energy - 1.2% | |||
California Resources Corp. | 885,119 | 39,928 | |
California Resources Corp. warrants 10/27/24 (i) | 48,025 | 682 | |
Chesapeake Energy Corp. | 587,218 | 60,055 | |
Chesapeake Energy Corp. (i)(j) | 4,049 | 414 | |
Denbury, Inc. (i) | 391,783 | 35,813 | |
EP Energy Corp. (e)(i) | 80,740 | 676 | |
TOTAL ENERGY | 137,568 | ||
Entertainment/Film - 0.0% | |||
Cineworld Group PLC warrants 11/23/25 (e)(i) | 1,189,800 | 0 | |
Restaurants - 0.1% | |||
CEC Entertainment, Inc. (e)(i) | 542,500 | 10,850 | |
Super Retail - 0.0% | |||
David's Bridal, Inc. rights (e)(i) | 4,171 | 0 | |
Telecommunications - 0.0% | |||
GTT Communications, Inc. rights (e)(i) | 292,649 | 293 | |
Utilities - 0.1% | |||
TexGen Power LLC (e)(i) | 524,336 | 13,738 | |
TOTAL COMMON STOCKS (Cost $79,448) | 176,848 | ||
Nonconvertible Preferred Stocks - 0.3% | |||
Shares | Value ($) (000s) | ||
Diversified Financial Services - 0.3% | |||
ACNR Holdings, Inc. (e)(i) (Cost $8,235) | 65,882 | 39,529 | |
Preferred Securities - 0.1% | |||
Principal Amount (a) (000s) | Value ($) (000s) | ||
Banks & Thrifts - 0.1% | |||
Bank of America Corp.: | |||
5.125% (b)(k) | 12,964 | 12,472 | |
5.2% (b)(k) | 2,165 | 2,153 | |
TOTAL PREFERRED SECURITIES (Cost $14,390) | 14,625 | ||
Other - 0.3% | |||
Shares | Value ($) (000s) | ||
Other - 0.3% | |||
Fidelity Direct Lending Fund, LP (j)(l) (Cost $42,894) | 42,412 | ||
Money Market Funds - 6.8% | |||
Shares | Value ($) (000s) | ||
Fidelity Cash Central Fund 3.10% (m) (Cost $817,216) | 817,077,376 | 817,241 | |
TOTAL INVESTMENT IN SECURITIES - 99.8% (Cost $12,657,863) | 12,006,875 |
NET OTHER ASSETS (LIABILITIES) - 0.2% | 21,584 |
NET ASSETS - 100.0% | 12,028,459 |
(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) | Level 3 security |
(f) | 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 $25,537,000 and $23,221,000, respectively. |
(g) | The coupon rate will be determined upon settlement of the loan after period end. |
(h) | 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 $367,148,000 or 3.1% of net assets. |
(i) | Non-income producing |
(j) | 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 $42,826,000 or 0.4% of net assets. |
(k) | Security is perpetual in nature with no stated maturity date. |
(l) | Affiliated Fund |
(m) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) (000s) |
Chesapeake Energy Corp. | 2/10/21 | 38 |
Fidelity Direct Lending Fund, LP | 12/09/21 - 10/31/22 | 42,894 |
Affiliate (Amounts in thousands) | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 3.10% | 1,222,413 | 3,549,222 | 3,954,394 | 7,647 | - | - | 817,241 | 1.6% |
Fidelity Securities Lending Cash Central Fund 3.10% | - | 148,354 | 148,354 | 25 | - | - | - | 0.0% |
Total | 1,222,413 | 3,697,576 | 4,102,748 | 7,672 | - | - | 817,241 | |
Affiliate (Amounts in thousands) | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) |
Fidelity Direct Lending Fund, LP | - | 42,893 | - | 1,990 | - | (481) | 42,412 |
- | 42,893 | - | 1,990 | - | (481) | 42,412 |
Valuation Inputs at Reporting Date: | ||||
Description (Amounts in thousands) | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | - | - | - | - |
Consumer Discretionary | 10,850 | - | - | 10,850 |
Energy | 137,568 | 136,892 | - | 676 |
Financials | 51,136 | - | - | 51,136 |
Industrials | 2,792 | - | - | 2,792 |
Information Technology | 293 | - | - | 293 |
Utilities | 13,738 | - | - | 13,738 |
Bank Loan Obligations | 10,531,231 | - | 10,206,960 | 324,271 |
Corporate Bonds | 384,989 | - | 376,381 | 8,608 |
Preferred Securities | 14,625 | - | 14,625 | - |
Money Market Funds | 817,241 | 817,241 | - | - |
Total Investments in Securities: | 11,964,463 | 954,133 | 10,597,966 | 412,364 |
(Amounts in thousands) | |||
Investments in Securities: | |||
Bank Loan Obligations | |||
Beginning Balance | $ | 165,099 | |
Net Realized Gain (Loss) on Investment Securities | (1,220) | ||
Net Unrealized Gain (Loss) on Investment Securities | (23,513) | ||
Cost of Purchases | 232,491 | ||
Proceeds of Sales | (66,500) | ||
Amortization/Accretion | 400 | ||
Transfers into Level 3 | 64,799 | ||
Transfers out of Level 3 | (47,285) | ||
Ending Balance | $ | 324,271 | |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at October 31, 2022 | $ | (23,360) | |
Other Investments in Securities | |||
Beginning Balance | $ | 145,397 | |
Net Realized Gain (Loss) on Investment Securities | (6,466) | ||
Net Unrealized Gain (Loss) on Investment Securities | 21,319 | ||
Cost of Purchases | 210 | ||
Proceeds of Sales | (9,338) | ||
Amortization/Accretion | - | ||
Transfers into Level 3 | 400 | ||
Transfers out of Level 3 | (63,429) | ||
Ending Balance | $ | 88,093 | |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at October 31, 2022 | $ | 15,365 | |
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. 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. The cost of purchases and the proceeds of sales may include securities received or delivered through corporate actions or exchanges. 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 | ||||
Amounts in thousands (except per-share amounts) | October 31, 2022 | |||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $11,797,753) | $11,147,222 | |||
Fidelity Central Funds (cost $817,216) | 817,241 | |||
Other affiliated issuers (cost $42,894) | 42,412 | |||
Total Investment in Securities (cost $12,657,863) | $ | 12,006,875 | ||
Cash | 25,314 | |||
Receivable for investments sold | 71,505 | |||
Receivable for fund shares sold | 14,874 | |||
Dividends receivable | 433 | |||
Interest receivable | 55,389 | |||
Distributions receivable from Fidelity Central Funds | 1,445 | |||
Prepaid expenses | 19 | |||
Other receivables | 192 | |||
Total assets | 12,176,046 | |||
Liabilities | ||||
Payable for investments purchased | $101,121 | |||
Payable for fund shares redeemed | 29,310 | |||
Distributions payable | 9,971 | |||
Accrued management fee | 5,441 | |||
Distribution and service plan fees payable | 233 | |||
Other affiliated payables | 1,197 | |||
Other payables and accrued expenses | 314 | |||
Total Liabilities | 147,587 | |||
Net Assets | $ | 12,028,459 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 13,714,808 | ||
Total accumulated earnings (loss) | (1,686,349) | |||
Net Assets | $ | 12,028,459 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($575,065 ÷ 64,069 shares) (a) | $ | 8.98 | ||
Maximum offering price per share (100/97.25 of $8.98) | $ | 9.23 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($87,017 ÷ 9,708 shares) (a) | $ | 8.96 | ||
Maximum offering price per share (100/97.25 of $8.96) | $ | 9.21 | ||
Class C : | ||||
Net Asset Value and offering price per share ($113,629 ÷ 12,662 shares) (a) | $ | 8.97 | ||
Fidelity Floating Rate High Income Fund : | ||||
Net Asset Value , offering price and redemption price per share ($6,460,937 ÷ 720,765 shares) | $ | 8.96 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($1,993,479 ÷ 222,577 shares) | $ | 8.96 | ||
Class Z : | ||||
Net Asset Value , offering price and redemption price per share ($2,798,332 ÷ 312,282 shares) | $ | 8.96 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Amounts in thousands | Year ended October 31, 2022 | |||
Investment Income | ||||
Dividends (including $1,990 earned from affiliated issuers) | $ | 8,146 | ||
Interest | 601,788 | |||
Income from Fidelity Central Funds (including $25 from security lending) | 7,672 | |||
Total Income | 617,606 | |||
Expenses | ||||
Management fee | $ | 68,114 | ||
Transfer agent fees | 12,855 | |||
Distribution and service plan fees | 2,808 | |||
Accounting fees | 1,642 | |||
Custodian fees and expenses | 129 | |||
Independent trustees' fees and expenses | 41 | |||
Registration fees | 653 | |||
Audit | 95 | |||
Legal | 17 | |||
Miscellaneous | 47 | |||
Total expenses before reductions | 86,401 | |||
Expense reductions | (234) | |||
Total expenses after reductions | 86,167 | |||
Net Investment income (loss) | 531,439 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (66,166) | |||
Total net realized gain (loss) | (66,166) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (722,182) | |||
Affiliated issuers | (481) | |||
Total change in net unrealized appreciation (depreciation) | (722,663) | |||
Net gain (loss) | (788,829) | |||
Net increase (decrease) in net assets resulting from operations | $ | (257,390) |
Statement of Changes in Net Assets | ||||
Amount in thousands | Year ended October 31, 2022 | Year ended October 31, 2021 | ||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 531,439 | $ | 286,048 |
Net realized gain (loss) | (66,166) | (170,001) | ||
Change in net unrealized appreciation (depreciation) | (722,663) | 577,324 | ||
Net increase (decrease) in net assets resulting from operations | (257,390) | 693,371 | ||
Distributions to shareholders | (524,936) | (262,025) | ||
Share transactions - net increase (decrease) | 2,079,697 | 3,713,474 | ||
Total increase (decrease) in net assets | 1,297,371 | 4,144,820 | ||
Net Assets | ||||
Beginning of period | 10,731,088 | 6,586,268 | ||
End of period | $ | 12,028,459 | $ | 10,731,088 |
Fidelity Advisor® Floating Rate High Income Fund Class A |
Years ended October 31, | 2022 | 2021 | 2020 | 2019 | 2018 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 9.53 | $ | 8.98 | $ | 9.39 | $ | 9.61 | $ | 9.67 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .370 | .298 | .362 | .461 | .398 | |||||
Net realized and unrealized gain (loss) | (.556) | .525 | (.411) | (.216) | (.056) | |||||
Total from investment operations | (.186) | .823 | (.049) | .245 | .342 | |||||
Distributions from net investment income | (.364) | (.273) | (.361) | (.465) | (.398) | |||||
Distributions from net realized gain | - | - | - | - | (.004) | |||||
Total distributions | (.364) | (.273) | (.361) | (.465) | (.402) | |||||
Redemption fees added to paid in capital A | - | - | - | - | - C | |||||
Net asset value, end of period | $ | 8.98 | $ | 9.53 | $ | 8.98 | $ | 9.39 | $ | 9.61 |
Total Return D,E | (1.96)% | 9.24% | (.45)% | 2.63% | 3.60% | |||||
Ratios to Average Net Assets B,F,G | ||||||||||
Expenses before reductions | .97% | .98% | .98% | .98% | .98% | |||||
Expenses net of fee waivers, if any | .97% | .98% | .98% | .98% | .98% | |||||
Expenses net of all reductions | .97% | .97% | .98% | .98% | .98% | |||||
Net investment income (loss) | 4.00% | 3.18% | 4.01% | 4.86% | 4.13% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (in millions) | $ | 575 | $ | 523 | $ | 411 | $ | 546 | $ | 598 |
Portfolio turnover rate H | 27% | 31% | 37% | 22% | 47% |
Fidelity Advisor® Floating Rate High Income Fund Class M |
Years ended October 31, | 2022 | 2021 | 2020 | 2019 | 2018 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 9.51 | $ | 8.97 | $ | 9.38 | $ | 9.59 | $ | 9.65 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .369 | .297 | .361 | .460 | .396 | |||||
Net realized and unrealized gain (loss) | (.555) | .514 | (.411) | (.206) | (.055) | |||||
Total from investment operations | (.186) | .811 | (.050) | .254 | .341 | |||||
Distributions from net investment income | (.364) | (.271) | (.360) | (.464) | (.397) | |||||
Distributions from net realized gain | - | - | - | - | (.004) | |||||
Total distributions | (.364) | (.271) | (.360) | (.464) | (.401) | |||||
Redemption fees added to paid in capital A | - | - | - | - | - C | |||||
Net asset value, end of period | $ | 8.96 | $ | 9.51 | $ | 8.97 | $ | 9.38 | $ | 9.59 |
Total Return D,E | (1.97)% | 9.12% | (.46)% | 2.72% | 3.59% | |||||
Ratios to Average Net Assets B,F,G | ||||||||||
Expenses before reductions | .97% | .99% | 1.00% | .99% | .99% | |||||
Expenses net of fee waivers, if any | .96% | .99% | 1.00% | .99% | .99% | |||||
Expenses net of all reductions | .96% | .99% | .99% | .99% | .99% | |||||
Net investment income (loss) | 4.00% | 3.16% | 4.00% | 4.86% | 4.11% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (in millions) | $ | 87 | $ | 65 | $ | 58 | $ | 84 | $ | 102 |
Portfolio turnover rate H | 27% | 31% | 37% | 22% | 47% |
Fidelity Advisor® Floating Rate High Income Fund Class C |
Years ended October 31, | 2022 | 2021 | 2020 | 2019 | 2018 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 9.53 | $ | 8.98 | $ | 9.39 | $ | 9.61 | $ | 9.67 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .300 | .228 | .295 | .392 | .325 | |||||
Net realized and unrealized gain (loss) | (.565) | .524 | (.411) | (.218) | (.056) | |||||
Total from investment operations | (.265) | .752 | (.116) | .174 | .269 | |||||
Distributions from net investment income | (.295) | (.202) | (.294) | (.394) | (.325) | |||||
Distributions from net realized gain | - | - | - | - | (.004) | |||||
Total distributions | (.295) | (.202) | (.294) | (.394) | (.329) | |||||
Redemption fees added to paid in capital A | - | - | - | - | - C | |||||
Net asset value, end of period | $ | 8.97 | $ | 9.53 | $ | 8.98 | $ | 9.39 | $ | 9.61 |
Total Return D,E | (2.81)% | 8.42% | (1.19)% | 1.86% | 2.83% | |||||
Ratios to Average Net Assets B,F,G | ||||||||||
Expenses before reductions | 1.72% | 1.73% | 1.74% | 1.73% | 1.73% | |||||
Expenses net of fee waivers, if any | 1.72% | 1.73% | 1.74% | 1.73% | 1.73% | |||||
Expenses net of all reductions | 1.72% | 1.73% | 1.74% | 1.73% | 1.73% | |||||
Net investment income (loss) | 3.24% | 2.42% | 3.26% | 4.11% | 3.36% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (in millions) | $ | 114 | $ | 109 | $ | 156 | $ | 261 | $ | 464 |
Portfolio turnover rate H | 27% | 31% | 37% | 22% | 47% |
Fidelity® Floating Rate High Income Fund |
Years ended October 31, | 2022 | 2021 | 2020 | 2019 | 2018 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 9.52 | $ | 8.97 | $ | 9.38 | $ | 9.60 | $ | 9.65 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .397 | .326 | .391 | .490 | .426 | |||||
Net realized and unrealized gain (loss) | (.566) | .525 | (.413) | (.218) | (.046) | |||||
Total from investment operations | (.169) | .851 | (.022) | .272 | .380 | |||||
Distributions from net investment income | (.391) | (.301) | (.388) | (.492) | (.426) | |||||
Distributions from net realized gain | - | - | - | - | (.004) | |||||
Total distributions | (.391) | (.301) | (.388) | (.492) | (.430) | |||||
Redemption fees added to paid in capital A | - | - | - | - | - C | |||||
Net asset value, end of period | $ | 8.96 | $ | 9.52 | $ | 8.97 | $ | 9.38 | $ | 9.60 |
Total Return D | (1.79)% | 9.58% | (.15)% | 2.93% | 4.01% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | .68% | .67% | .68% | .68% | .69% | |||||
Expenses net of fee waivers, if any | .68% | .67% | .68% | .68% | .68% | |||||
Expenses net of all reductions | .68% | .67% | .68% | .68% | .68% | |||||
Net investment income (loss) | 4.29% | 3.48% | 4.32% | 5.16% | 4.44% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (in millions) | $ | 6,461 | $ | 6,419 | $ | 4,640 | $ | 7,130 | $ | 9,221 |
Portfolio turnover rate G | 27% | 31% | 37% | 22% | 47% |
Fidelity Advisor® Floating Rate High Income Fund Class I |
Years ended October 31, | 2022 | 2021 | 2020 | 2019 | 2018 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 9.51 | $ | 8.96 | $ | 9.37 | $ | 9.59 | $ | 9.65 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .391 | .321 | .388 | .486 | .419 | |||||
Net realized and unrealized gain (loss) | (.554) | .525 | (.414) | (.218) | (.056) | |||||
Total from investment operations | (.163) | .846 | (.026) | .268 | .363 | |||||
Distributions from net investment income | (.387) | (.296) | (.384) | (.488) | (.419) | |||||
Distributions from net realized gain | - | - | - | - | (.004) | |||||
Total distributions | (.387) | (.296) | (.384) | (.488) | (.423) | |||||
Redemption fees added to paid in capital A | - | - | - | - | - C | |||||
Net asset value, end of period | $ | 8.96 | $ | 9.51 | $ | 8.96 | $ | 9.37 | $ | 9.59 |
Total Return D | (1.73)% | 9.54% | (.20)% | 2.88% | 3.84% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | .72% | .72% | .73% | .74% | .75% | |||||
Expenses net of fee waivers, if any | .72% | .72% | .72% | .74% | .75% | |||||
Expenses net of all reductions | .72% | .72% | .72% | .73% | .75% | |||||
Net investment income (loss) | 4.25% | 3.43% | 4.27% | 5.11% | 4.36% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (in millions) | $ | 1,993 | $ | 1,167 | $ | 681 | $ | 1,190 | $ | 2,243 |
Portfolio turnover rate G | 27% | 31% | 37% | 22% | 47% |
Fidelity Advisor® Floating Rate High Income Fund Class Z |
Years ended October 31, | 2022 | 2021 | 2020 | 2019 | 2018 A | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 9.51 | $ | 8.97 | $ | 9.37 | $ | 9.59 | $ | 9.65 |
Income from Investment Operations | ||||||||||
Net investment income (loss) B,C | .401 | .329 | .388 | .484 | .051 | |||||
Net realized and unrealized gain (loss) | (.555) | .516 | (.396) | (.207) | (.076) | |||||
Total from investment operations | (.154) | .845 | (.008) | .277 | (.025) | |||||
Distributions from net investment income | (.396) | (.305) | (.392) | (.497) | (.035) | |||||
Total distributions | (.396) | (.305) | (.392) | (.497) | (.035) | |||||
Net asset value, end of period | $ | 8.96 | $ | 9.51 | $ | 8.97 | $ | 9.37 | $ | 9.59 |
Total Return D,E | (1.63)% | 9.52% | .01% | 2.98% | (.26)% | |||||
Ratios to Average Net Assets C,F,G | ||||||||||
Expenses before reductions | .62% | .62% | .63% | .63% | .62% H | |||||
Expenses net of fee waivers, if any | .62% | .62% | .63% | .62% | .62% H | |||||
Expenses net of all reductions | .62% | .62% | .63% | .62% | .62% H | |||||
Net investment income (loss) | 4.35% | 3.53% | 4.37% | 5.22% | 7.64% H | |||||
Supplemental Data | ||||||||||
Net assets, end of period (in millions) | $ | 2,798 | $ | 2,449 | $ | 641 | $ | 439 | $ | 16 |
Portfolio turnover rate I | 27% | 31% | 37% | 22% | 47% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
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% |
Asset Type | Fair Value | Valuation Technique(s) | Unobservable Input | Amount or Range/Weighted Average | Impact to Valuation from an Increase in Input A |
Equities | $79,485 | Recovery value | Recovery value | $0.00 - $1.00 / $1.00 | Increase |
Market comparable | Enterprise value/EBITDA multiple (EV/EBITDA) | 7.0 - 7.5 / 7.1 | Increase | ||
Capacity multiple | 225.0 | Increase | |||
Discounted cash flow | Discount rate | 13.5% | Decrease | ||
Indicative market price | Evaluated bid | $100.00 - $600.00 / $487.25 | Increase | ||
Mid price | $20.00 | Increase | |||
Book value | Book value multiple | 1.0 | Increase | ||
Black Scholes | Volatility | 55.0% | Increase | ||
Corporate Bonds | $8,608 | Market approach | Transaction price | $100.00 | Increase |
Bank Loan Obligations | $324,271 | Market approach | Transaction price | $99.50 | Increase |
Discounted cash flow | Discount rate | 10.6% - 14.3% / 11.3% | Decrease | ||
Yield | 15.0% | Decrease | |||
Indicative market price | Evaluated bid | $68.00 - $100.00 / $92.38 | Increase |
Fidelity Advisor Floating Rate High Income Fund | $191 |
Gross unrealized appreciation | $180,843 |
Gross unrealized depreciation | (806,254) |
Net unrealized appreciation (depreciation) | $(625,411) |
Tax Cost | $12,632,286 |
Undistributed ordinary income | $8,703 |
Capital loss carryforward | $(1,069,607) |
Net unrealized appreciation (depreciation) on securities and other investments | $(625,411) |
Short-term | $(65,760) |
Long-term | (1,003,847) |
Total capital loss carryforward | $(1,069,607) |
October 31, 2022 | October 31, 2021 | |
Ordinary Income | $524,936 | $262,025 |
Investment to be Acquired | Commitment Amount | |
Fidelity Advisor Floating Rate High Income Fund | Fidelity Direct Lending Fund, LP | $58,306 |
Purchases ($) | Sales ($) | |
Fidelity Advisor Floating Rate High Income Fund | 5,039,175 | 3,193,795 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | -% | .25% | $1,443 | $128 |
Class M | -% | .25% | 191 | - A |
Class C | .75% | .25% | 1,174 | 249 |
$2,808 | $377 |
Retained by FDC | |
Class A | $46 |
Class M | 4 |
Class C A | 2 |
$52 |
Amount | % of Class-Level Average Net Assets | |
Class A | $875 | .15 |
Class M | 113 | .15 |
Class C | 181 | .15 |
Fidelity Floating Rate High Income Fund | 7,665 | .11 |
Class I | 2,579 | .15 |
Class Z | 1,442 | .05 |
$12,855 |
% of Average Net Assets | |
Fidelity Advisor Floating Rate High Income Fund | .01 |
Amount | |
Fidelity Advisor Floating Rate High Income Fund | - A |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Advisor Floating Rate High Income Fund | - | 2,722 | 1,650 |
Amount | |
Fidelity Advisor Floating Rate High Income Fund | $21 |
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 Advisor Floating Rate High Income Fund | $3 | $- | $- |
Year ended October 31, 2022 | Year ended October 31, 2021 | |
Fidelity Advisor Floating Rate High Income Fund | ||
Distributions to shareholders | ||
Class A | $22,865 | $13,267 |
Class M | 3,069 | 1,761 |
Class C | 3,751 | 2,877 |
Fidelity Floating Rate High Income Fund | 297,596 | 178,268 |
Class I | 73,070 | 27,369 |
Class Z | 124,585 | 38,483 |
Total | $524,936 | $262,025 |
Shares | Shares | Dollars | Dollars | |
Year ended October 31, 2022 | Year ended October 31, 2021 | Year ended October 31, 2022 | Year ended October 31, 2021 | |
Fidelity Advisor Floating Rate High Income Fund | ||||
Class A | ||||
Shares sold | 24,973 | 20,167 | $233,302 | $190,259 |
Reinvestment of distributions | 2,269 | 1,269 | 20,808 | 11,946 |
Shares redeemed | (18,077) | (12,255) | (166,482) | (115,048) |
Net increase (decrease) | 9,165 | 9,181 | $87,628 | $87,157 |
Class M | ||||
Shares sold | 4,348 | 1,962 | $40,355 | $18,498 |
Reinvestment of distributions | 328 | 182 | 3,001 | 1,705 |
Shares redeemed | (1,775) | (1,788) | (16,397) | (16,798) |
Net increase (decrease) | 2,901 | 356 | $26,959 | $3,405 |
Class C | ||||
Shares sold | 6,502 | 3,220 | $60,564 | $30,327 |
Reinvestment of distributions | 381 | 292 | 3,493 | 2,740 |
Shares redeemed | (5,635) | (9,520) | (51,828) | (89,576) |
Net increase (decrease) | 1,248 | (6,008) | $12,229 | $(56,509) |
Fidelity Floating Rate High Income Fund | ||||
Shares sold | 372,901 | 361,682 | $3,487,680 | $3,407,183 |
Reinvestment of distributions | 27,676 | 16,141 | 253,809 | 151,730 |
Shares redeemed | (354,339) | (220,563) | (3,260,200) | (2,072,089) |
Net increase (decrease) | 46,238 | 157,260 | $481,289 | $1,486,824 |
Class I | ||||
Shares sold | 221,155 | 77,284 | $2,044,293 | $727,522 |
Reinvestment of distributions | 6,854 | 2,341 | 62,584 | 21,995 |
Shares redeemed | (128,170) | (32,876) | (1,166,911) | (308,238) |
Net increase (decrease) | 99,839 | 46,749 | $939,966 | $441,279 |
Class Z | ||||
Shares sold | 152,120 | 202,807 | $1,420,399 | $1,908,711 |
Reinvestment of distributions | 10,907 | 3,025 | 99,897 | 28,526 |
Shares redeemed | (108,199) | (19,814) | (988,670) | (185,919) |
Net increase (decrease) | 54,828 | 186,018 | $531,626 | $1,751,318 |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2022 to October 31, 2022). |
Annualized Expense Ratio- A | Beginning Account Value May 1, 2022 | Ending Account Value October 31, 2022 | Expenses Paid During Period- C May 1, 2022 to October 31, 2022 | |||||||
Fidelity Advisor® Floating Rate High Income Fund | ||||||||||
Class A | .96% | |||||||||
Actual | $ 1,000 | $ 982.00 | $ 4.80 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.37 | $ 4.89 | |||||||
Class M | .95% | |||||||||
Actual | $ 1,000 | $ 980.90 | $ 4.74 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.42 | $ 4.84 | |||||||
Class C | 1.71% | |||||||||
Actual | $ 1,000 | $ 977.20 | $ 8.52 | |||||||
Hypothetical- B | $ 1,000 | $ 1,016.59 | $ 8.69 | |||||||
Fidelity® Floating Rate High Income Fund | .67% | |||||||||
Actual | $ 1,000 | $ 982.30 | $ 3.35 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.83 | $ 3.41 | |||||||
Class I | .71% | |||||||||
Actual | $ 1,000 | $ 983.10 | $ 3.55 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.63 | $ 3.62 | |||||||
Class Z | .61% | |||||||||
Actual | $ 1,000 | $ 982.60 | $ 3.05 | |||||||
Hypothetical- B | $ 1,000 | $ 1,022.13 | $ 3.11 | |||||||
![](https://capedge.com/proxy/N-CSR/0000722574-22-000143/img87248_8.jpg)
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Item 2.
Code of Ethics
As of the end of the period, October 31, 2022, Fidelity Advisor Series I (the trust) has adopted a code of ethics, as defined in Item 2 of Form N-CSR, that applies to its President and Treasurer and its Chief Financial Officer. A copy of the code of ethics is filed as an exhibit to this Form N-CSR.
Item 3.
Audit Committee Financial Expert
The Board of Trustees of the trust has determined that Donald F. Donahue is an audit committee financial expert, as defined in Item 3 of Form N-CSR. Mr. Donahue is independent for purposes of Item 3 of Form N-CSR.
Item 4.
Principal Accountant Fees and Services
Fees and Services
The following table presents fees billed by Deloitte & Touche LLP, the member firms of Deloitte Touche Tohmatsu, and their respective affiliates (collectively, “Deloitte Entities”) in each of the last two fiscal years for services rendered to Fidelity Advisor Floating Rate High Income Fund, Fidelity Advisor High Income Advantage Fund and Fidelity Advisor Value Fund (the “Fund(s)”):
Services Billed by Deloitte Entities
October 31, 2022 FeesA
Audit Fees | Audit-Related Fees | Tax Fees | All Other Fees | |
Fidelity Advisor Floating Rate High Income Fund | $77,700 | $- | $8,800 | $1,700 |
Fidelity Advisor High Income Advantage Fund | $66,100 | $- | $8,800 | $1,500 |
Fidelity Advisor Value Fund | $42,900 | $- | $10,000 | $1,100 |
October 31, 2021 FeesA
Audit Fees | Audit-Related Fees | Tax Fees | All Other Fees | |
Fidelity Advisor Floating Rate High Income Fund | $75,400 | $- | $8,800 | $1,800 |
Fidelity Advisor High Income Advantage Fund | $63,800 | $- | $8,800 | $1,500 |
Fidelity Advisor Value Fund | $41,100 | $- | $10,100 | $1,100 |
A Amounts may reflect rounding.
The following table(s) present(s) fees billed by Deloitte Entities that were required to be approved by the Audit Committee for services that relate directly to the operations and financial reporting of the Fund(s) and that are rendered on behalf of Fidelity Management & Research Company LLC ("FMR") and entities controlling, controlled by, or under common control with FMR (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser) that provide ongoing services to the Fund(s) (“Fund Service Providers”):
Services Billed by Deloitte Entities
October 31, 2022A | October 31, 2021A | |
Audit-Related Fees | $- | $- |
Tax Fees | $- | $- |
All Other Fees | $- | $- |
A Amounts may reflect rounding.
“Audit-Related Fees” represent fees billed for assurance and related services that are reasonably related to the performance of the fund audit or the review of the fund's financial statements and that are not reported under Audit Fees.
“Tax Fees” represent fees billed for tax compliance, tax advice or tax planning that relate directly to the operations and financial reporting of the fund.
“All Other Fees” represent fees billed for services provided to the fund or Fund Service Provider, a significant portion of which are assurance related, that relate directly to the operations and financial reporting of the fund, excluding those services that are reported under Audit Fees, Audit-Related Fees or Tax Fees.
Assurance services must be performed by an independent public accountant.
* * *
The aggregate non-audit fees billed by Deloitte Entities for services rendered to the Fund(s), FMR (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any Fund Service Provider for each of the last two fiscal years of the Fund(s) are as follows:
Billed By | October 31, 2022A | October 31, 2021A |
Deloitte Entities | $489,500 | $553,700 |
A Amounts may reflect rounding.
The trust's Audit Committee has considered non-audit services that were not pre-approved that were provided by Deloitte Entities to Fund Service Providers to be compatible with maintaining the independence of Deloitte Entities in its(their) audit of the Fund(s), taking into account representations from Deloitte Entities, in accordance with Public Company Accounting Oversight Board rules, regarding its independence from the Fund(s) and its(their) related entities and FMR’s review of the appropriateness and permissibility under applicable law of such non-audit services prior to their provision to the Fund(s) Service Providers.
Audit Committee Pre-Approval Policies and Procedures
The trust’s Audit Committee must pre-approve all audit and non-audit services provided by a fund’s independent registered public accounting firm relating to the operations or financial reporting of the fund. Prior to the commencement of any audit or non-audit services to a fund, the Audit Committee reviews the services to determine whether they are appropriate and permissible under applicable law.
The Audit Committee has adopted policies and procedures to, among other purposes, provide a framework for the Committee’s consideration of non-audit services by the audit firms that audit the Fidelity funds. The policies and procedures require that any non-audit service provided by a fund audit firm to a Fidelity fund and any non-audit service provided by a fund auditor to a Fund Service Provider that relates directly to the operations and financial reporting of a Fidelity fund (“Covered Service”) are subject to approval by the Audit Committee before such service is provided.
All Covered Services must be approved in advance of provision of the service either: (i) by formal resolution of the Audit Committee, or (ii) by oral or written approval of the service by the Chair of the Audit Committee (or if the Chair is unavailable, such other member of the Audit Committee as may be designated by the Chair to act in the Chair’s absence). The approval contemplated by (ii) above is permitted where the Treasurer determines that action on such an engagement is necessary before the next meeting of the Audit Committee.
Non-audit services provided by a fund audit firm to a Fund Service Provider that do not relate directly to the operations and financial reporting of a Fidelity fund are reported to the Audit Committee periodically.
Non-Audit Services Approved Pursuant to Rule 2-01(c)(7)(i)(C) and (ii) of Regulation S-X (“De Minimis Exception”)
There were no non-audit services approved or required to be approved by the Audit Committee pursuant to the De Minimis Exception during the Fund’s(s’) last two fiscal years relating to services provided to (i) the Fund(s) or (ii) any Fund Service Provider that relate directly to the operations and financial reporting of the Fund(s).
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 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 trust’s 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 13.
Exhibits
(a) | (1) | Code of Ethics pursuant to Item 2 of Form N-CSR is filed and attached hereto as EX-99.CODE ETH. |
(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 Advisor Series I
By: | /s/Stacie M. Smith |
Stacie M. Smith | |
President and Treasurer | |
Date: | December 21, 2022 |
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 | |
Date: | December 21, 2022 |
By: | /s/John J. Burke III |
John J. Burke III | |
Chief Financial Officer | |
Date: | December 21, 2022 |