Asset-Backed Securities — 10.4% |
Security | Principal Amount (000's omitted) | Value | |
Ares XXXIIR CLO, Ltd., Series 2014-32RA, Class D, 8.755%, (3 mo. USD LIBOR + 5.85%), 5/15/30(1)(2) | $ | 1,000 | $ 811,870 |
Ares XXXIV CLO, Ltd., Series 2015-2A, Class ER, 9.59%, (3 mo. USD LIBOR + 6.85%), 4/17/33(1)(2) | 550 | 469,848 | |
Benefit Street Partners CLO XIX, Ltd., Series 2019-19A, Class E, 9.532%, (3 mo. USD LIBOR + 7.02%), 1/15/33(1)(2) | 750 | 652,435 | |
Benefit Street Partners CLO XVIII, Ltd., Series 2019-18A, Class ER, 9.262%, (3 mo. USD LIBOR + 6.75%), 10/15/34(1)(2) | 500 | 426,855 | |
BlueMountain CLO XXVI, Ltd., Series 2019-26A, Class ER, 9.84%, (3 mo. USD LIBOR + 7.13%), 10/20/34(1)(2) | 1,000 | 869,536 | |
Canyon Capital CLO, Ltd., Series 2019-2A, Class ER, 9.262%, (3 mo. USD LIBOR + 6.75%), 10/15/34(1)(2) | 400 | 337,580 | |
Carlyle Global Market Strategies CLO, Ltd.: | |||
Series 2012-3A, Class DR2, 8.983%, (3 mo. USD LIBOR + 6.50%), 1/14/32(1)(2) | 600 | 483,287 | |
Series 2015-5A, Class DR, 9.41%, (3 mo. USD LIBOR + 6.70%), 1/20/32(1)(2) | 500 | 399,500 | |
Cedar Funding X CLO, Ltd., Series 2019-10A, Class ER, 9.21%, (3 mo. USD LIBOR + 6.50%), 10/20/32(1)(2) | 500 | 422,524 | |
Galaxy XV CLO, Ltd., Series 2013-15A, Class ER, 9.157%, (3 mo. USD LIBOR + 6.645%), 10/15/30(1)(2) | 500 | 406,980 | |
Galaxy XXI CLO, Ltd., Series 2015-21A, Class ER, 7.96%, (3 mo. USD LIBOR + 5.25%), 4/20/31(1)(2) | 500 | 393,829 | |
Golub Capital Partners CLO 23M, Ltd., Series 2015-23A, Class ER, 8.46%, (3 mo. USD LIBOR + 5.75%), 1/20/31(1)(2) | 600 | 449,842 | |
Neuberger Berman Loan Advisers CLO 31, Ltd., Series 2019-31A, Class ER, 9.21%, (3 mo. USD LIBOR + 6.50%), 4/20/31(1)(2) | 500 | 436,399 | |
Palmer Square CLO, Ltd.: | |||
Series 2013-2A, Class DRR, 8.59%, (3 mo. USD LIBOR + 5.85%), 10/17/31(1)(2) | 450 | 383,159 | |
Series 2019-1A, Class DR, 9.405%, (3 mo. USD LIBOR + 6.50%), 11/14/34(1)(2) | 500 | 439,950 | |
RAD CLO 5, Ltd., Series 2019-5A, Class E, 9.483%, (3 mo. USD LIBOR + 6.70%), 7/24/32(1)(2) | 500 | 427,043 | |
RAD CLO 7, Ltd., Series 2020-7A, Class E, 9.24%, (3 mo. USD LIBOR + 6.50%), 4/17/33(1)(2) | 575 | 514,997 | |
Regatta XIV Funding, Ltd., Series 2018-3A, Class E, 8.733%, (3 mo. USD LIBOR + 5.95%), 10/25/31(1)(2) | 300 | 235,880 | |
Regatta XVI Funding, Ltd., Series 2019-2A, Class E, 9.512%, (3 mo. USD LIBOR + 7.00%), 1/15/33(1)(2) | 500 | 400,748 | |
Vibrant CLO X, Ltd., Series 2018-10A, Class D, 8.90%, (3 mo. USD LIBOR + 6.19%), 10/20/31(1)(2) | 375 | 276,120 | |
Vibrant CLO XI, Ltd., Series 2019-11A, Class D, 9.48%, (3 mo. USD LIBOR + 6.77%), 7/20/32(1)(2) | 500 | 377,962 |
Security | Principal Amount (000's omitted) | Value | |
Voya CLO, Ltd., Series 2013-1A, Class DR, 8.992%, (3 mo. USD LIBOR + 6.48%), 10/15/30(1)(2) | $ | 1,000 | $ 777,840 |
Wellfleet CLO, Ltd., Series 2020-1A, Class D, 9.752%, (3 mo. USD LIBOR + 7.24%), 4/15/33(1)(2) | 550 | 480,042 | |
Total Asset-Backed Securities (identified cost $13,016,443) | $ 10,874,226 |
Closed-End Funds — 3.0% |
Security | Shares | Value | |
BlackRock Floating Rate Income Strategies Fund, Inc. | 49,400 | $ 543,894 | |
Invesco Senior Income Trust | 178,510 | 664,057 | |
Nuveen Credit Strategies Income Fund | 180,539 | 922,554 | |
Nuveen Floating Rate Income Fund | 73,198 | 593,636 | |
Nuveen Floating Rate Income Opportunity Fund | 51,054 | 411,495 | |
Total Closed-End Funds (identified cost $4,361,230) | $ 3,135,636 |
Common Stocks — 1.4% |
Security | Shares | Value | |
Aerospace and Defense — 0.1% | |||
IAP Global Services, LLC(3)(4)(5) | 29 | $ 120,998 | |
$ 120,998 | |||
Electronics/Electrical — 0.1% | |||
Riverbed Technology, Inc.(4)(5) | 85 | $ 42 | |
Skillsoft Corp.(4)(5) | 25,137 | 46,001 | |
$ 46,043 | |||
Oil and Gas — 0.6% | |||
Nine Point Energy Holdings, Inc.(3)(4)(6) | 325 | $ 0 | |
QuarterNorth Energy, Inc.(5) | 5,054 | 619,115 | |
$ 619,115 | |||
Radio and Television — 0.3% | |||
Clear Channel Outdoor Holdings, Inc.(4)(5) | 42,539 | $ 58,278 | |
Cumulus Media, Inc., Class A(4)(5) | 18,865 | 132,621 | |
iHeartMedia, Inc., Class A(4)(5) | 18,090 | 132,600 | |
$ 323,499 | |||
Retailers (Except Food and Drug) — 0.1% | |||
Phillips Pet Holding Corp.(3)(4)(5) | 269 | $ 86,801 | |
$ 86,801 |
Security | Shares | Value | |
Telecommunications — 0.2% | |||
GEE Acquisition Holdings Corp.(3)(4)(5) | 21,114 | $ 198,894 | |
$ 198,894 | |||
Total Common Stocks (identified cost $1,695,894) | $ 1,395,350 |
Convertible Preferred Stocks — 0.0%(7) |
Security | Shares | Value | |
Electronics/Electrical — 0.0%(7) | |||
Riverbed Technology, Inc., Series A, 6.50%, (1.50% cash, 5.00% PIK)(5) | 28 | $ 28 | |
$ 28 | |||
Oil and Gas — 0.0% | |||
Nine Point Energy Holdings, Inc., Series A, 12.00%, (PIK)(3)(4)(6) | 5 | $ 0 | |
$ 0 | |||
Total Convertible Preferred Stocks (identified cost $5,829) | $ 28 |
Corporate Bonds — 6.9% |
Security | Principal Amount (000's omitted) | Value | |
Aerospace and Defense — 0.1% | |||
TransDigm, Inc., 4.875%, 5/1/29 | $ | 135 | $ 109,350 |
$ 109,350 | |||
Automotive — 0.5% | |||
Clarios Global, L.P./Clarios U.S. Finance Co., 8.50%, 5/15/27(1) | $ | 500 | $ 478,400 |
$ 478,400 | |||
Building and Development — 0.2% | |||
SRM Escrow Issuer, LLC, 6.00%, 11/1/28(1) | $ | 135 | $ 109,994 |
Standard Industries, Inc., 4.75%, 1/15/28(1) | 135 | 114,379 | |
$ 224,373 | |||
Business Equipment and Services — 1.0% | |||
GEMS MENASA Cayman, Ltd./GEMS Education Delaware, LLC, 7.125%, 7/31/26(1) | $ | 500 | $ 470,303 |
Security | Principal Amount (000's omitted) | Value | |
Business Equipment and Services (continued) | |||
Prime Security Services Borrower, LLC/Prime Finance, Inc.: | |||
5.25%, 4/15/24(1) | $ | 325 | $ 314,059 |
5.75%, 4/15/26(1) | 325 | 306,262 | |
$ 1,090,624 | |||
Chemicals and Plastics — 0.5% | |||
NOVA Chemicals Corp., 4.875%, 6/1/24(1) | $ | 500 | $ 470,530 |
$ 470,530 | |||
Consumer Products — 0.1% | |||
Central Garden & Pet Co., 4.125%, 10/15/30 | $ | 135 | $ 107,738 |
$ 107,738 | |||
Cosmetics/Toiletries — 0.1% | |||
Edgewell Personal Care Co., 5.50%, 6/1/28(1) | $ | 135 | $ 120,889 |
$ 120,889 | |||
Distribution & Wholesale — 0.4% | |||
BCPE Empire Holdings, Inc., 7.625%, 5/1/27(1) | $ | 135 | $ 117,228 |
Performance Food Group, Inc., 5.50%, 10/15/27(1) | 300 | 273,360 | |
$ 390,588 | |||
Diversified Financial Services — 0.1% | |||
VistaJet Malta Finance PLC/XO Management Holding, Inc., 6.375%, 2/1/30(1) | $ | 135 | $ 110,697 |
$ 110,697 | |||
Engineering & Construction — 0.1% | |||
TopBuild Corp., 3.625%, 3/15/29(1) | $ | 135 | $ 106,862 |
$ 106,862 | |||
Entertainment — 0.5% | |||
Caesars Entertainment, Inc., 8.125%, 7/1/27(1) | $ | 500 | $ 478,705 |
$ 478,705 | |||
Financial Intermediaries — 0.4% | |||
Ford Motor Credit Co., LLC, 3.815%, 11/2/27 | $ | 500 | $ 420,720 |
$ 420,720 | |||
Food Service — 0.1% | |||
Albertsons Cos., Inc./Safeway, Inc./New Albertsons L.P./Albertsons, LLC, 3.50%, 3/15/29(1) | $ | 135 | $ 109,102 |
$ 109,102 |
Security | Principal Amount (000's omitted) | Value | |
Health Care — 0.7% | |||
Centene Corp., 3.375%, 2/15/30 | $ | 135 | $ 110,656 |
LifePoint Health, Inc., 5.375%, 1/15/29(1) | 135 | 94,384 | |
Tenet Healthcare Corp., 6.875%, 11/15/31 | 500 | 445,245 | |
US Acute Care Solutions, LLC, 6.375%, 3/1/26(1) | 135 | 113,583 | |
$ 763,868 | |||
Home Furnishings — 0.1% | |||
Tempur Sealy International, Inc., 4.00%, 4/15/29(1) | $ | 135 | $ 106,618 |
$ 106,618 | |||
Insurance — 0.1% | |||
Alliant Holdings Intermediate, LLC/Alliant Holdings Co-Issuer, 6.75%, 10/15/27(1) | $ | 135 | $ 116,633 |
$ 116,633 | |||
Leisure Goods/Activities/Movies — 0.1% | |||
Viking Cruises, Ltd., 5.875%, 9/15/27(1) | $ | 135 | $ 103,223 |
$ 103,223 | |||
Media — 0.7% | |||
Audacy Capital Corp., 6.50%, 5/1/27(1) | $ | 135 | $ 33,336 |
Diamond Sports Group, LLC/Diamond Sports Finance Co.: | |||
5.375%, 8/15/26(1) | 0(8) | 18 | |
5.375%, 8/15/26(1) | 1,407 | 281,822 | |
iHeartCommunications, Inc.: | |||
6.375%, 5/1/26 | 102 | 95,106 | |
8.375%, 5/1/27 | 185 | 156,338 | |
Sirius XM Radio, Inc., 4.00%, 7/15/28(1) | 135 | 115,113 | |
$ 681,733 | |||
Oil and Gas — 0.1% | |||
Centennial Resource Production, LLC, 5.375%, 1/15/26(1) | $ | 135 | $ 123,677 |
$ 123,677 | |||
Pipelines — 0.1% | |||
EQM Midstream Partners, L.P., 4.75%, 1/15/31(1) | $ | 135 | $ 107,474 |
$ 107,474 | |||
Real Estate Investment Trusts (REITs) — 0.1% | |||
HAT Holdings I, LLC/HAT Holdings II, LLC, 3.375%, 6/15/26(1) | $ | 135 | $ 108,504 |
$ 108,504 |
Security | Principal Amount (000's omitted) | Value | |
Retail — 0.1% | |||
Fertitta Entertainment, LLC/Fertitta Entertainment Finance Co., Inc., 6.75%, 1/15/30(1) | $ | 135 | $ 102,854 |
$ 102,854 | |||
Technology — 0.1% | |||
Minerva Merger Sub, Inc., 6.50%, 2/15/30(1) | $ | 135 | $ 106,981 |
$ 106,981 | |||
Utilities — 0.4% | |||
NRG Energy, Inc., 3.625%, 2/15/31(1) | $ | 500 | $ 391,075 |
$ 391,075 | |||
Wireless Telecommunication Services — 0.2% | |||
Digicel International Finance, Ltd./Digicel International Holdings, Ltd., 8.75%, 5/25/24(1) | $ | 275 | $ 252,156 |
$ 252,156 | |||
Total Corporate Bonds (identified cost $8,779,694) | $ 7,183,374 |
Senior Floating-Rate Loans — 124.7%(9) |
Borrower/Description | Principal Amount* (000's omitted) | Value | |
Aerospace and Defense — 2.3% | |||
Aernnova Aerospace S.A.U.: | |||
Term Loan, 3.00%, (3 mo. EURIBOR + 3.00%), 2/26/27 | EUR | 696 | $ 589,540 |
Term Loan, 4.10%, (3 mo. EURIBOR + 3.00%), 2/22/27 | EUR | 179 | 151,164 |
IAP Worldwide Services, Inc.: | |||
Revolving Loan, 0.75%, 7/18/23(10) | 161 | 154,822 | |
Term Loan - Second Lien, 10.174%, (3 mo. USD LIBOR + 6.50%), 7/18/23(3) | 204 | 158,134 | |
Spirit Aerosystems, Inc., Term Loan, 6.865%, (1 mo. USD LIBOR + 3.75%), 1/15/25 | 246 | 244,093 | |
WP CPP Holdings, LLC, Term Loan, 6.56%, (3 mo. USD LIBOR + 3.75%), 4/30/25 | 1,170 | 1,050,596 | |
$ 2,348,349 | |||
Airlines — 2.1% | |||
American Airlines, Inc., Term Loan, 7.46%, (3 mo. USD LIBOR + 4.75%), 4/20/28 | 925 | $ 898,599 |
Borrower/Description | Principal Amount* (000's omitted) | Value | |
Airlines (continued) | |||
Mileage Plus Holdings, LLC, Term Loan, 8.777%, (3 mo. USD LIBOR + 5.25%), 6/21/27 | 333 | $ 334,341 | |
United Airlines, Inc., Term Loan, 6.533%, (3 mo. USD LIBOR + 3.75%), 4/21/28 | 987 | 946,581 | |
$ 2,179,521 | |||
Auto Components — 2.6% | |||
Chassix, Inc., Term Loan, 7.858%, (USD LIBOR + 5.50%), 11/15/23(11) | 619 | $ 569,595 | |
Clarios Global, L.P., Term Loan, 6.365%, (1 mo. USD LIBOR + 3.25%), 4/30/26 | 930 | 882,892 | |
DexKo Global, Inc.: | |||
Term Loan, 4.289%, (1 mo. EURIBOR + 4.00%), 10/4/28 | EUR | 22 | 18,962 |
Term Loan, 4.685%, (1 mo. EURIBOR + 4.00%), 10/4/28 | EUR | 134 | 117,847 |
Term Loan, 5.193%, (3 mo. EURIBOR + 4.00%), 10/4/28 | EUR | 70 | 61,284 |
Term Loan, 7.062%, (3 mo. USD LIBOR + 3.75%), 10/4/28 | 199 | 183,153 | |
Garrett LX I S.a.r.l., Term Loan, 6.06%, (3 mo. USD LIBOR + 3.25%), 4/30/28 | 347 | 330,041 | |
LTI Holdings, Inc., Term Loan, 7.615%, (1 mo. USD LIBOR + 4.50%), 7/24/26 | 273 | 257,587 | |
Wheel Pros, LLC, Term Loan, 7.552%, (1 mo. USD LIBOR + 4.50%), 5/11/28 | 446 | 330,903 | |
$ 2,752,264 | |||
Automobiles — 0.7% | |||
MajorDrive Holdings IV, LLC: | |||
Term Loan, 7.125%, (3 mo. USD LIBOR + 4.00%), 6/1/28 | 321 | $ 296,065 | |
Term Loan, 8.597%, (SOFR + 5.65%), 6/1/29 | 423 | 412,303 | |
$ 708,368 | |||
Beverages — 1.3% | |||
Arterra Wines Canada, Inc., Term Loan, 7.142%, (3 mo. USD LIBOR + 3.50%), 11/24/27 | 491 | $ 463,003 | |
City Brewing Company, LLC, Term Loan, 6.185%, (1 mo. USD LIBOR + 3.50%), 4/5/28 | 321 | 252,281 | |
Triton Water Holdings, Inc., Term Loan, 7.174%, (3 mo. USD LIBOR + 3.50%), 3/31/28 | 741 | 665,637 | |
$ 1,380,921 | |||
Biotechnology — 0.3% | |||
Alkermes, Inc., Term Loan, 5.50%, (1 mo. USD LIBOR + 2.50%), 3/12/26 | 182 | $ 175,610 |
Borrower/Description | Principal Amount* (000's omitted) | Value | |
Biotechnology (continued) | |||
Alltech, Inc., Term Loan, 7.115%, (1 mo. USD LIBOR + 4.00%), 10/13/28 | 124 | $ 119,255 | |
$ 294,865 | |||
Building Products — 1.5% | |||
Cornerstone Building Brands, Inc., Term Loan, 6.068%, (1 mo. USD LIBOR + 3.25%), 4/12/28 | 914 | $ 756,689 | |
LHS Borrower, LLC, Term Loan, 7.884%, (SOFR + 4.75%), 2/16/29 | 468 | 382,304 | |
MI Windows and Doors, LLC, Term Loan, 6.634%, (SOFR + 3.50%), 12/18/27 | 138 | 134,729 | |
Standard Industries, Inc., Term Loan, 6.675%, (6 mo. USD LIBOR + 2.50%), 9/22/28 | 285 | 277,050 | |
$ 1,550,772 | |||
Capital Markets — 1.9% | |||
AllSpring Buyer, LLC, Term Loan, 6.688%, (3 mo. USD LIBOR + 3.00%), 11/1/28 | 397 | $ 386,440 | |
Edelman Financial Center, LLC, Term Loan, 6.615%, (1 mo. USD LIBOR + 3.50%), 4/7/28 | 444 | 408,547 | |
EIG Management Company, LLC, Term Loan, 6.865%, (1 mo. USD LIBOR + 3.75%), 2/22/25 | 119 | 115,794 | |
Focus Financial Partners, LLC, Term Loan, 5.615%, (1 mo. USD LIBOR + 2.50%), 6/30/28 | 494 | 479,286 | |
Hudson River Trading, LLC, Term Loan, 6.164%, (SOFR + 3.00%), 3/20/28 | 543 | 492,303 | |
Mariner Wealth Advisors, LLC: | |||
Term Loan, 6.223%, (SOFR + 3.25%), 8/18/28 | 5 | 5,176 | |
Term Loan, 7.065%, (SOFR + 3.25%), 8/18/28 | 11 | 10,289 | |
Term Loan, 7.065%, (SOFR + 3.25%), 8/18/28 | 75 | 71,916 | |
Term Loan, 7.065%, (SOFR + 3.25%), 8/18/28 | 32 | 30,977 | |
$ 2,000,728 | |||
Chemicals — 5.8% | |||
Aruba Investments, Inc.: | |||
Term Loan, 4.68%, (1 mo. EURIBOR + 4.00%), 11/24/27 | EUR | 246 | $ 223,840 |
Term Loan, 7.084%, (1 mo. USD LIBOR + 4.00%), 11/24/27 | 345 | 318,623 | |
Charter NEX US, Inc., Term Loan, 6.556%, (3 mo. USD LIBOR + 3.75%), 12/1/27 | 221 | 209,970 | |
Chemours Company (The), Term Loan, 3.20%, (3 mo. EURIBOR + 2.00%), 4/3/25 | EUR | 277 | 253,943 |
CPC Acquisition Corp., Term Loan, 7.424%, (3 mo. USD LIBOR + 3.75%), 12/29/27 | 369 | 289,805 | |
Gemini HDPE, LLC, Term Loan, 5.81%, (3 mo. USD LIBOR + 3.00%), 12/31/27 | 351 | 337,536 |
Borrower/Description | Principal Amount* (000's omitted) | Value | |
Chemicals (continued) | |||
Groupe Solmax, Inc., Term Loan, 8.392%, (3 mo. USD LIBOR + 4.75%), 5/29/28 | 444 | $ 397,993 | |
INEOS Enterprises Holdings US Finco, LLC, Term Loan, 6.57%, (3 mo. USD LIBOR + 3.50%), 8/28/26 | 100 | 94,790 | |
INEOS Finance PLC, Term Loan, 3.435%, (1 mo. EURIBOR + 2.75%), 11/8/28 | EUR | 175 | 154,572 |
INEOS Styrolution US Holding, LLC, Term Loan, 5.865%, (1 mo. USD LIBOR + 2.75%), 1/29/26 | 988 | 923,313 | |
INEOS US Finance, LLC, Term Loan, 5.615%, (1 mo. USD LIBOR + 2.50%), 11/8/28 | 149 | 141,041 | |
Kraton Corporation, Term Loan, 6.718%, (SOFR + 3.25%), 3/15/29 | 124 | 120,126 | |
Lonza Group AG, Term Loan, 7.674%, (3 mo. USD LIBOR + 4.00%), 7/3/28 | 716 | 644,268 | |
LSF11 Skyscraper Holdco S.a.r.l., Term Loan, 7.174%, (3 mo. USD LIBOR + 3.50%), 9/29/27 | 271 | 258,710 | |
Momentive Performance Materials, Inc., Term Loan, 6.37%, (1 mo. USD LIBOR + 3.25%), 5/15/24 | 218 | 211,429 | |
Olympus Water US Holding Corporation, Term Loan, 7.438%, (3 mo. USD LIBOR + 3.75%), 11/9/28 | 695 | 635,262 | |
Orion Engineered Carbons GmbH, Term Loan, 5.924%, (3 mo. USD LIBOR + 2.25%), 9/24/28 | 99 | 96,092 | |
Rohm Holding GmbH, Term Loan, 8.121%, (3 mo. USD LIBOR + 4.75%), 7/31/26 | 444 | 350,977 | |
Venator Materials Corporation, Term Loan, 6.115%, (1 mo. USD LIBOR + 3.00%), 8/8/24 | 166 | 144,638 | |
W.R. Grace & Co.-Conn., Term Loan, 7.438%, (3 mo. USD LIBOR + 3.75%), 9/22/28 | 298 | 280,629 | |
$ 6,087,557 | |||
Commercial Services & Supplies — 4.7% | |||
Belfor Holdings, Inc., Term Loan, 7.115%, (1 mo. USD LIBOR + 4.00%), 4/6/26 | 242 | $ 237,642 | |
EnergySolutions, LLC, Term Loan, 7.424%, (3 mo. USD LIBOR + 3.75%), 5/9/25 | 1,678 | 1,555,882 | |
Garda World Security Corporation, Term Loan, 7.24%, (3 mo. USD LIBOR + 4.25%), 10/30/26 | 495 | 468,082 | |
GFL Environmental, Inc., Term Loan, 5.806%, (3 mo. USD LIBOR + 3.00%), 5/30/25 | 25 | 24,344 | |
LABL, Inc., Term Loan, 8.115%, (1 mo. USD LIBOR + 5.00%), 10/29/28 | 174 | 157,578 | |
Monitronics International, Inc., Term Loan, 10.306%, (3 mo. USD LIBOR + 7.50%), 3/29/24 | 355 | 238,100 | |
PECF USS Intermediate Holding III Corporation, Term Loan, 7.365%, (1 mo. USD LIBOR + 4.25%), 12/15/28 | 447 | 383,260 | |
Phoenix Services International, LLC: | |||
DIP Loan, 3/28/23(12) | 72 | 72,406 |
Borrower/Description | Principal Amount* (000's omitted) | Value | |
Commercial Services & Supplies (continued) | |||
Phoenix Services International, LLC: (continued) | |||
Term Loan, 8.25%, (USD Prime + 2.75%), 3/1/25 | 383 | $ 78,324 | |
SITEL Worldwide Corporation, Term Loan, 6.87%, (1 mo. USD LIBOR + 3.75%), 8/28/28 | 893 | 866,683 | |
TMS International Corp., Term Loan, 5.657%, (USD LIBOR + 2.75%), 8/14/24(11) | 123 | 115,137 | |
TruGreen Limited Partnership, Term Loan, 7.115%, (1 mo. USD LIBOR + 4.00%), 11/2/27 | 295 | 279,644 | |
Werner FinCo, L.P., Term Loan, 7.674%, (3 mo. USD LIBOR + 4.00%), 7/24/24 | 523 | 470,571 | |
$ 4,947,653 | |||
Communications Equipment — 0.1% | |||
Digi International, Inc., Term Loan, 7.806%, (3 mo. USD LIBOR + 5.00%), 11/1/28 | 89 | $ 87,277 | |
$ 87,277 | |||
Construction Materials — 1.1% | |||
Oscar Acquisition Co, LLC, Term Loan, 8.153%, (SOFR + 4.50%), 4/29/29 | 225 | $ 207,703 | |
Quikrete Holdings, Inc., Term Loan, 6.115%, (1 mo. USD LIBOR + 3.00%), 6/11/28 | 995 | 960,175 | |
$ 1,167,878 | |||
Containers & Packaging — 1.2% | |||
Berlin Packaging, LLC, Term Loan, 6.382%, (USD LIBOR + 3.75%), 3/11/28(11) | 322 | $ 304,188 | |
Clydesdale Acquisition Holdings, Inc., Term Loan, 7.309%, (SOFR + 4.18%), 4/13/29 | 150 | 141,556 | |
Pregis TopCo Corporation, Term Loan, 6.806%, (3 mo. USD LIBOR + 4.00%), 7/31/26 | 292 | 278,378 | |
Pretium PKG Holdings, Inc.: | |||
Term Loan, 6.502%, (USD LIBOR + 4.00%), 10/2/28(11) | 149 | 134,732 | |
Term Loan - Second Lien, 9.473%, (USD LIBOR + 6.75%), 10/1/29(11) | 100 | 86,250 | |
Trident TPI Holdings, Inc., Term Loan, 6.924%, (3 mo. USD LIBOR + 3.25%), 10/17/24 | 358 | 350,421 | |
$ 1,295,525 | |||
Distributors — 0.7% | |||
Autokiniton US Holdings, Inc., Term Loan, 7.185%, (1 mo. USD LIBOR + 4.50%), 4/6/28 | 741 | $ 684,152 | |
Phillips Feed Service, Inc., Term Loan, 9.993%, (1 mo. USD LIBOR + 7.00%), 11/13/24(3) | 49 | 39,520 | |
$ 723,672 |
Borrower/Description | Principal Amount* (000's omitted) | Value | |
Diversified Consumer Services — 0.5% | |||
Ascend Learning, LLC, Term Loan, 6.615%, (1 mo. USD LIBOR + 3.50%), 12/11/28 | 174 | $ 160,769 | |
KUEHG Corp., Term Loan - Second Lien, 11.365%, (1 mo. USD LIBOR + 8.25%), 8/22/25 | 200 | 195,500 | |
Sotheby's, Term Loan, 7.012%, (3 mo. USD LIBOR + 4.50%), 1/15/27 | 204 | 198,199 | |
$ 554,468 | |||
Diversified Financial Services — 0.8% | |||
Concorde Midco Ltd., Term Loan, 4.00%, (6 mo. EURIBOR + 4.00%), 3/1/28 | EUR | 250 | $ 227,453 |
Sandy BidCo B.V., Term Loan, 4.68%, (1 mo. EURIBOR + 4.00%), 8/17/29 | EUR | 275 | 251,546 |
Zephyr Bidco Limited, Term Loan, 6.474%, (SONIA + 4.75%), 7/23/25 | GBP | 350 | 326,312 |
$ 805,311 | |||
Diversified Telecommunication Services — 3.5% | |||
Altice France S.A.: | |||
Term Loan, 6.20%, (3 mo. USD LIBOR + 3.69%), 1/31/26 | 336 | $ 305,664 | |
Term Loan, 6.905%, (3 mo. USD LIBOR + 4.00%), 8/14/26 | 990 | 900,642 | |
GEE Holdings 2, LLC: | |||
Term Loan, 11.604%, (3 mo. USD LIBOR + 8.00%), 3/24/25 | 186 | 184,941 | |
Term Loan - Second Lien, 11.854%, (3 mo. USD LIBOR + 8.25%), 5.104% cash, 6.75% PIK, 3/23/26 | 398 | 304,099 | |
Numericable Group S.A., Term Loan, 3.238%, (3 mo. EURIBOR + 3.00%), 7/31/25 | EUR | 213 | 188,824 |
Virgin Media Bristol, LLC, Term Loan, 6.068%, (1 mo. USD LIBOR + 3.25%), 1/31/29 | 1,825 | 1,771,553 | |
$ 3,655,723 | |||
Electrical Equipment — 0.7% | |||
GrafTech Finance, Inc., Term Loan, 6.115%, (1 mo. USD LIBOR + 3.00%), 2/12/25 | 501 | $ 469,232 | |
II-VI Incorporated, Term Loan, 5.314%, (1 mo. USD LIBOR + 2.75%), 7/2/29 | 250 | 242,708 | |
$ 711,940 | |||
Electronic Equipment, Instruments & Components — 1.0% | |||
Chamberlain Group, Inc., Term Loan, 6.615%, (1 mo. USD LIBOR + 3.50%), 11/3/28 | 397 | $ 362,262 | |
Creation Technologies, Inc., Term Loan, 7.785%, (3 mo. USD LIBOR + 5.50%), 10/5/28 | 249 | 208,228 |
Borrower/Description | Principal Amount* (000's omitted) | Value | |
Electronic Equipment, Instruments & Components (continued) | |||
Mirion Technologies, Inc., Term Loan, 5.627%, (6 mo. USD LIBOR + 2.75%), 10/20/28 | 174 | $ 166,523 | |
Verisure Holding AB, Term Loan, 3.473%, (6 mo. EURIBOR + 3.25%), 3/27/28 | EUR | 375 | 329,297 |
$ 1,066,310 | |||
Energy Equipment & Services — 0.0%(7) | |||
Ameriforge Group, Inc., Term Loan, 14.476%, (1 mo. USD LIBOR + 13.00%), 12/29/23(10) | 24 | $ 11,773 | |
$ 11,773 | |||
Engineering & Construction — 1.6% | |||
Amentum Government Services Holdings, LLC, Term Loan, 7.393%, (SOFR + 4.00%), 2/15/29(11) | 175 | $ 167,289 | |
American Residential Services, LLC, Term Loan, 7.174%, (3 mo. USD LIBOR + 3.50%), 10/15/27 | 270 | 259,380 | |
Northstar Group Services, Inc., Term Loan, 8.615%, (1 mo. USD LIBOR + 5.50%), 11/12/26 | 597 | 585,505 | |
USIC Holdings, Inc., Term Loan, 6.615%, (1 mo. USD LIBOR + 3.50%), 5/12/28 | 693 | 651,420 | |
$ 1,663,594 | |||
Entertainment — 4.3% | |||
Alchemy Copyrights, LLC, Term Loan, 5.564%, (1 mo. USD LIBOR + 3.00%), 3/10/28 | 221 | $ 215,548 | |
AMC Entertainment Holdings, Inc., Term Loan, 5.756%, (1 mo. USD LIBOR + 3.00%), 4/22/26 | 820 | 644,580 | |
Crown Finance US, Inc.: | |||
DIP Loan, 0.00%, 9/7/23(10) | 59 | 60,413 | |
DIP Loan, 12.783%, (SOFR + 10.00%), 9/8/23 | 704 | 718,916 | |
Term Loan, 4.25%, (6 mo. USD LIBOR + 2.75%), 9/30/26 | 682 | 288,351 | |
Term Loan, 18.924%, (3 mo. USD LIBOR + 15.25%), 10.674% cash, 8.25% PIK, 5/23/24 | 374 | 445,492 | |
Renaissance Holding Corp., Term Loan - Second Lien, 10.115%, (1 mo. USD LIBOR + 7.00%), 5/29/26 | 1,075 | 1,029,312 | |
Vue International Bidco PLC: | |||
Term Loan, 4.75%, (6 mo. EURIBOR + 4.75%), 7/3/26 | EUR | 1,333 | 931,626 |
Term Loan, 9.766%, (3 mo. EURIBOR + 8.00%), 6/30/27 | EUR | 149 | 143,100 |
$ 4,477,338 | |||
Food Products — 1.1% | |||
8th Avenue Food & Provisions, Inc., Term Loan, 7.865%, (1 mo. USD LIBOR + 4.75%), 10/1/25 | 149 | $ 131,794 | |
CHG PPC Parent, LLC, Term Loan, 6.125%, (1 mo. USD LIBOR + 3.00%), 12/8/28 | 124 | 119,400 |
Borrower/Description | Principal Amount* (000's omitted) | Value | |
Food Products (continued) | |||
Monogram Food Solutions, LLC, Term Loan, 7.125%, (1 mo. USD LIBOR + 4.00%), 8/28/28 | 124 | $ 119,720 | |
Shearer's Foods, Inc., Term Loan, 6.615%, (1 mo. USD LIBOR + 3.50%), 9/23/27 | 196 | 182,827 | |
Sovos Brands Intermediate, Inc., Term Loan, 6.615%, (1 mo. USD LIBOR + 3.50%), 6/8/28 | 269 | 257,515 | |
United Petfood Group B.V., Term Loan, 3.00%, (6 mo. EURIBOR + 3.00%), 4/23/28 | EUR | 350 | 313,432 |
$ 1,124,688 | |||
Gas Utilities — 0.9% | |||
CQP Holdco, L.P., Term Loan, 7.424%, (3 mo. USD LIBOR + 3.75%), 6/5/28 | 1,014 | $ 980,136 | |
$ 980,136 | |||
Health Care Equipment & Supplies — 2.4% | |||
Bayou Intermediate II, LLC, Term Loan, 7.302%, (3 mo. USD LIBOR + 4.50%), 8/2/28 | 397 | $ 378,143 | |
CryoLife, Inc., Term Loan, 7.174%, (3 mo. USD LIBOR + 3.50%), 6/1/27 | 214 | 203,061 | |
Gloves Buyer, Inc., Term Loan, 7.115%, (1 mo. USD LIBOR + 4.00%), 12/29/27 | 693 | 637,889 | |
Journey Personal Care Corp., Term Loan, 7.924%, (3 mo. USD LIBOR + 4.25%), 3/1/28 | 568 | 368,605 | |
Medline Borrower, L.P., Term Loan, 6.365%, (1 mo. USD LIBOR + 3.25%), 10/23/28 | 995 | 917,197 | |
$ 2,504,895 | |||
Health Care Providers & Services — 7.4% | |||
AEA International Holdings (Lux) S.a.r.l., Term Loan, 7.438%, (3 mo. USD LIBOR + 3.75%), 9/7/28 | 273 | $ 266,796 | |
Biogroup-LCD, Term Loan, 3.027%, (3 mo. EURIBOR + 2.75%), 2/9/28 | EUR | 125 | 109,898 |
BW NHHC Holdco, Inc., Term Loan, 7.961%, (3 mo. USD LIBOR + 5.00%), 5/15/25 | 1,037 | 652,012 | |
Cano Health, LLC, Term Loan, 7.134%, (SOFR + 4.00%), 11/23/27 | 991 | 958,409 | |
CCRR Parent, Inc., Term Loan, 6.87%, (1 mo. USD LIBOR + 3.75%), 3/6/28 | 246 | 242,678 | |
Cerba Healthcare S.A.S.: | |||
Term Loan, 3.935%, (1 mo. EURIBOR + 3.25%), 6/30/28 | EUR | 125 | 110,613 |
Term Loan, 4.685%, (1 mo. EURIBOR + 4.00%), 2/15/29 | EUR | 150 | 137,342 |
CHG Healthcare Services, Inc., Term Loan, 6.365%, (1 mo. USD LIBOR + 3.25%), 9/29/28 | 272 | 261,943 |
Borrower/Description | Principal Amount* (000's omitted) | Value | |
Health Care Providers & Services (continued) | |||
Covis Finco S.a.r.l., Term Loan, 10.203%, (SOFR + 6.50%), 2/18/27 | 244 | $ 194,391 | |
Electron BidCo, Inc., Term Loan, 6.115%, (1 mo. USD LIBOR + 3.00%), 11/1/28 | 199 | 189,091 | |
Envision Healthcare Corporation: | |||
Term Loan, 10.531%, (SOFR + 7.88%), 3/31/27 | 134 | 125,325 | |
Term Loan - Second Lien, 6.83%, (SOFR + 4.25%), 3/31/27 | 952 | 436,053 | |
Hanger, Inc., Term Loan, 6.615%, (1 mo. USD LIBOR + 3.50%), 3/6/25 | 444 | 443,680 | |
IVC Acquisition, Ltd., Term Loan, 4.391%, (3 mo. EURIBOR + 4.00%), 2/13/26 | EUR | 400 | 364,579 |
LSCS Holdings, Inc., Term Loan, 8.174%, (3 mo. USD LIBOR + 4.50%), 12/16/28 | 174 | 166,740 | |
Medical Solutions Holdings, Inc.: | |||
Term Loan, 3.50%, 11/1/28(10) | 48 | 46,147 | |
Term Loan, 6.377%, (3 mo. USD LIBOR + 3.50%), 11/1/28 | 300 | 286,140 | |
Option Care Health, Inc., Term Loan, 5.865%, (1 mo. USD LIBOR + 2.75%), 10/27/28 | 99 | 97,420 | |
Pacific Dental Services, LLC, Term Loan, 6.493%, (1 mo. USD LIBOR + 3.50%), 5/5/28 | 272 | 262,511 | |
Pediatric Associates Holding Company, LLC: | |||
Term Loan, 4.253%, (USD LIBOR + 3.25%), 12/29/28(10)(11) | 20 | 18,949 | |
Term Loan, 5.076%, (3 mo. USD LIBOR + 3.25%), 12/29/28 | 130 | 124,751 | |
Phoenix Guarantor, Inc., Term Loan, 6.365%, (1 mo. USD LIBOR + 3.25%), 3/5/26 | 740 | 703,458 | |
Radiology Partners, Inc., Term Loan, 7.319%, (1 mo. USD LIBOR + 4.25%), 7/9/25 | 150 | 127,500 | |
Sound Inpatient Physicians, Term Loan, 5.865%, (1 mo. USD LIBOR + 2.75%), 6/27/25 | 215 | 197,664 | |
Surgery Center Holdings, Inc., Term Loan, 6.51%, (1 mo. USD LIBOR + 3.75%), 8/31/26 | 716 | 681,412 | |
Synlab Bondco PLC, Term Loan, 2.778%, (6 mo. EURIBOR + 2.50%), 7/1/27 | EUR | 150 | 139,069 |
U.S. Anesthesia Partners, Inc., Term Loan, 6.814%, (1 mo. USD LIBOR + 4.25%), 10/1/28 | 272 | 256,000 | |
WP CityMD Bidco, LLC, Term Loan, 6.924%, (3 mo. USD LIBOR + 3.25%), 12/22/28 | 174 | 166,880 | |
$ 7,767,451 | |||
Health Care Technology — 4.9% | |||
Bracket Intermediate Holding Corp., Term Loan, 6.543%, (3 mo. USD LIBOR + 4.25%), 9/5/25 | 408 | $ 387,090 | |
Certara, L.P., Term Loan, 6.615%, (1 mo. USD LIBOR + 3.50%), 8/15/26 | 475 | 460,185 |
Borrower/Description | Principal Amount* (000's omitted) | Value | |
Health Care Technology (continued) | |||
Change Healthcare Holdings, LLC, Term Loan, 7.75%, (USD Prime + 1.50%), 3/1/24 | 1,000 | $ 998,611 | |
eResearchTechnology, Inc., Term Loan, 7.615%, (1 mo. USD LIBOR + 4.50%), 2/4/27 | 148 | 138,161 | |
Imprivata, Inc., Term Loan, 6.865%, (1 mo. USD LIBOR + 3.75%), 12/1/27 | 990 | 955,302 | |
MedAssets Software Intermediate Holdings, Inc., Term Loan, 7.115%, (1 mo. USD LIBOR + 4.00%), 12/18/28 | 274 | 252,419 | |
PointClickCare Technologies, Inc., Term Loan, 5.938%, (6 mo. USD LIBOR + 3.00%), 12/29/27 | 296 | 284,788 | |
Project Ruby Ultimate Parent Corp., Term Loan, 6.365%, (1 mo. USD LIBOR + 3.25%), 3/10/28 | 542 | 507,552 | |
Symplr Software, Inc., Term Loan, 7.634%, (SOFR + 4.50%), 12/22/27 | 444 | 418,853 | |
Verscend Holding Corp., Term Loan, 7.115%, (1 mo. USD LIBOR + 4.00%), 8/27/25 | 702 | 685,378 | |
$ 5,088,339 | |||
Hotels, Restaurants & Leisure — 2.9% | |||
Carnival Corporation: | |||
Term Loan, 5.877%, (6 mo. USD LIBOR + 3.00%), 6/30/25 | 611 | $ 559,008 | |
Term Loan, 6.127%, (6 mo. USD LIBOR + 3.25%), 10/18/28 | 1,144 | 1,000,885 | |
ClubCorp Holdings, Inc., Term Loan, 6.424%, (3 mo. USD LIBOR + 2.75%), 9/18/24 | 395 | 364,603 | |
Dave & Buster's, Inc., Term Loan, 8.188%, (SOFR + 5.00%), 6/29/29 | 200 | 195,464 | |
Great Canadian Gaming Corporation, Term Loan, 7.602%, (3 mo. USD LIBOR + 4.00%), 11/1/26 | 450 | 428,813 | |
Oravel Stays Singapore Pte, Ltd., Term Loan, 11.86%, (3 mo. USD LIBOR + 8.25%), 6/23/26 | 272 | 240,333 | |
SeaWorld Parks & Entertainment, Inc., Term Loan, 6.125%, (1 mo. USD LIBOR + 3.00%), 8/25/28 | 223 | 214,285 | |
$ 3,003,391 | |||
Household Durables — 1.4% | |||
Libbey Glass, Inc., Term Loan, 10.455%, (3 mo. USD LIBOR + 8.00%), 11/13/25 | 285 | $ 292,882 | |
Serta Simmons Bedding, LLC: | |||
Term Loan, 10.793%, (1 mo. USD LIBOR + 7.50%), 8/10/23 | 515 | 502,163 | |
Term Loan - Second Lien, 10.793%, (1 mo. USD LIBOR + 7.50%), 8/10/23 | 1,181 | 623,880 | |
$ 1,418,925 |
Borrower/Description | Principal Amount* (000's omitted) | Value | |
Household Products — 0.1% | |||
Kronos Acquisition Holdings, Inc., Term Loan, 8.94%, (SOFR + 6.00%), 12/22/26 | 99 | $ 94,039 | |
$ 94,039 | |||
Industrial Conglomerates — 0.5% | |||
SPX Flow, Inc., Term Loan, 7.634%, (SOFR + 4.50%), 4/5/29 | 600 | $ 555,750 | |
$ 555,750 | |||
Insurance — 1.2% | |||
AssuredPartners, Inc., Term Loan, 6.615%, (1 mo. USD LIBOR + 3.50%), 2/12/27 | 693 | $ 656,846 | |
NFP Corp., Term Loan, 6.365%, (1 mo. USD LIBOR + 3.25%), 2/15/27 | 592 | 557,416 | |
$ 1,214,262 | |||
Interactive Media & Services — 2.0% | |||
Arches Buyer, Inc., Term Loan, 6.365%, (1 mo. USD LIBOR + 3.25%), 12/6/27 | 800 | $ 724,000 | |
Buzz Finco, LLC: | |||
Term Loan, 5.865%, (1 mo. USD LIBOR + 2.75%), 1/29/27 | 268 | 258,741 | |
Term Loan, 6.365%, (1 mo. USD LIBOR + 3.25%), 1/29/27 | 27 | 26,170 | |
Camelot U.S. Acquisition, LLC, Term Loan, 6.115%, (1 mo. USD LIBOR + 3.00%), 10/30/26 | 540 | 523,826 | |
Getty Images, Inc., Term Loan, 7.625%, (3 mo. USD LIBOR + 4.50%), 2/19/26 | 531 | 528,005 | |
$ 2,060,742 | |||
Internet & Direct Marketing Retail — 1.2% | |||
Adevinta ASA: | |||
Term Loan, 4.443%, (3 mo. EURIBOR + 3.25%), 6/26/28 | EUR | 518 | $ 482,451 |
Term Loan, 6.674%, (3 mo. USD LIBOR + 3.00%), 6/26/28 | 148 | 144,731 | |
CNT Holdings I Corp., Term Loan, 6.248%, (SOFR + 3.50%), 11/8/27 | 691 | 659,911 | |
$ 1,287,093 | |||
IT Services — 1.8% | |||
EP Purchaser, LLC, Term Loan, 7.174%, (3 mo. USD LIBOR + 3.50%), 11/6/28 | 100 | $ 97,365 | |
Indy US Bidco, LLC: | |||
Term Loan, 4.435%, (1 mo. EURIBOR + 3.75%), 3/6/28 | EUR | 197 | 175,542 |
Term Loan, 6.865%, (1 mo. USD LIBOR + 3.75%), 3/5/28 | 345 | 311,440 |
Borrower/Description | Principal Amount* (000's omitted) | Value | |
IT Services (continued) | |||
NAB Holdings, LLC, Term Loan, 6.703%, (SOFR + 3.00%), 11/23/28 | 298 | $ 283,855 | |
Rackspace Technology Global, Inc., Term Loan, 5.617%, (3 mo. USD LIBOR + 2.75%), 2/15/28 | 742 | 532,948 | |
Skopima Merger Sub, Inc., Term Loan, 7.115%, (1 mo. USD LIBOR + 4.00%), 5/12/28 | 520 | 484,667 | |
$ 1,885,817 | |||
Leisure Products — 0.7% | |||
Amer Sports Oyj, Term Loan, 5.131%, (6 mo. EURIBOR + 4.50%), 3/30/26 | EUR | 800 | $ 700,409 |
$ 700,409 | |||
Life Sciences Tools & Services — 1.6% | |||
Cambrex Corporation, Term Loan, 6.634%, (SOFR + 3.60%), 12/4/26 | 145 | $ 138,897 | |
Curia Global, Inc., Term Loan, 6.556%, (3 mo. USD LIBOR + 3.75%), 8/30/26 | 679 | 630,530 | |
IQVIA, Inc., Term Loan, 4.865%, (1 mo. USD LIBOR + 1.75%), 3/7/24 | 299 | 298,489 | |
LGC Group Holdings, Ltd., Term Loan, 3.685%, (1 mo. EURIBOR + 3.00%), 4/21/27 | EUR | 225 | 201,217 |
Loire Finco Luxembourg S.a.r.l., Term Loan, 6.365%, (1 mo. USD LIBOR + 3.25%), 4/21/27 | 147 | 134,926 | |
Sotera Health Holdings, LLC, Term Loan, 5.865%, (1 mo. USD LIBOR + 2.75%), 12/11/26 | 300 | 265,500 | |
$ 1,669,559 | |||
Machinery — 5.5% | |||
AI Aqua Merger Sub, Inc., Term Loan, 6.346%, (SOFR + 3.75%), 7/31/28 | 599 | $ 558,101 | |
Albion Financing 3 S.a.r.l., Term Loan, 8.009%, (3 mo. USD LIBOR + 5.25%), 8/17/26 | 397 | 376,902 | |
Alliance Laundry Systems, LLC, Term Loan, 5.955%, (3 mo. USD LIBOR + 3.50%), 10/8/27 | 534 | 513,236 | |
American Trailer World Corp., Term Loan, 6.884%, (SOFR + 3.75%), 3/3/28 | 371 | 339,105 | |
Conair Holdings, LLC, Term Loan, 7.424%, (3 mo. USD LIBOR + 3.75%), 5/17/28 | 594 | 501,188 | |
Delachaux Group S.A., Term Loan, 7.306%, (3 mo. USD LIBOR + 4.50%), 4/16/26 | 210 | 192,493 | |
Engineered Machinery Holdings, Inc., Term Loan, 7.424%, (3 mo. USD LIBOR + 3.75%), 5/19/28 | 890 | 857,283 | |
Filtration Group Corporation, Term Loan, 6.615%, (1 mo. USD LIBOR + 3.50%), 10/21/28 | 173 | 164,804 |
Borrower/Description | Principal Amount* (000's omitted) | Value | |
Machinery (continued) | |||
Gates Global, LLC, Term Loan, 5.615%, (1 mo. USD LIBOR + 2.50%), 3/31/27 | 765 | $ 737,591 | |
Granite Holdings US Acquisition Co., Term Loan, 7.688%, (3 mo. USD LIBOR + 4.00%), 9/30/26 | 541 | 525,008 | |
Icebox Holdco III, Inc.: | |||
Term Loan, 3.75%, 12/22/28(10) | 34 | 32,486 | |
Term Loan, 7.424%, (3 mo. USD LIBOR + 3.75%), 12/22/28 | 165 | 156,229 | |
Illuminate Buyer, LLC, Term Loan, 6.615%, (1 mo. USD LIBOR + 3.50%), 6/30/27 | 201 | 183,937 | |
TK Elevator Topco GmbH, Term Loan, 4.256%, (1 mo. EURIBOR + 3.63%), 7/29/27 | EUR | 150 | 132,031 |
Vertical US Newco, Inc., Term Loan, 6.871%, (6 mo. USD LIBOR + 3.50%), 7/30/27 | 196 | 187,652 | |
Zephyr German BidCo GmbH, Term Loan, 4.216%, (3 mo. EURIBOR + 3.40%), 3/10/28 | EUR | 300 | 268,656 |
$ 5,726,702 | |||
Media — 1.9% | |||
Diamond Sports Group, LLC, Term Loan, 10.696%, (SOFR + 8.00%), 5/26/26 | 235 | $ 225,697 | |
Gray Television, Inc.: | |||
Term Loan, 5.064%, (1 mo. USD LIBOR + 2.50%), 1/2/26 | 276 | 268,609 | |
Term Loan, 5.188%, (1 mo. USD LIBOR + 2.50%), 2/7/24 | 87 | 86,607 | |
Term Loan, 5.564%, (1 mo. USD LIBOR + 3.00%), 12/1/28 | 248 | 241,767 | |
Hubbard Radio, LLC, Term Loan, 7.37%, (1 mo. USD LIBOR + 4.25%), 3/28/25 | 219 | 191,411 | |
Nexstar Broadcasting, Inc., Term Loan, 5.615%, (1 mo. USD LIBOR + 2.50%), 9/18/26 | 140 | 138,674 | |
Sinclair Television Group, Inc., Term Loan, 5.62%, (1 mo. USD LIBOR + 2.50%), 9/30/26 | 291 | 277,178 | |
Univision Communications, Inc., Term Loan, 6.365%, (1 mo. USD LIBOR + 3.25%), 3/15/26 | 593 | 564,060 | |
$ 1,994,003 | |||
Metals/Mining — 0.5% | |||
Dynacast International, LLC, Term Loan, 11.98%, (3 mo. USD LIBOR + 9.00%), 10/22/25 | 163 | $ 143,945 | |
WireCo WorldGroup, Inc., Term Loan, 7.188%, (3 mo. USD LIBOR + 4.25%), 11/13/28 | 121 | 117,125 | |
Zekelman Industries, Inc., Term Loan, 5.604%, (3 mo. USD LIBOR + 2.00%), 1/24/27 | 289 | 276,958 | |
$ 538,028 |
Borrower/Description | Principal Amount* (000's omitted) | Value | |
Oil, Gas & Consumable Fuels — 5.9% | |||
Centurion Pipeline Company, LLC: | |||
Term Loan, 6.365%, (1 mo. USD LIBOR + 3.25%), 9/29/25 | 121 | $ 119,224 | |
Term Loan, 7.115%, (1 mo. USD LIBOR + 4.00%), 9/28/25 | 99 | 96,899 | |
CITGO Petroleum Corporation, Term Loan, 9.365%, (1 mo. USD LIBOR + 6.25%), 3/28/24 | 2,164 | 2,164,850 | |
Delek US Holdings, Inc., Term Loan, 8.615%, (1 mo. USD LIBOR + 5.50%), 3/31/25 | 2,712 | 2,684,617 | |
Freeport LNG Investments, LLLP, Term Loan, 6.21%, (3 mo. USD LIBOR + 3.50%), 12/21/28 | 173 | 160,071 | |
Oryx Midstream Services Permian Basin, LLC, Term Loan, 6.211%, (3 mo. USD LIBOR + 3.25%), 10/5/28 | 198 | 192,789 | |
Oxbow Carbon, LLC, Term Loan, 7.878%, (3 mo. USD LIBOR + 4.25%), 10/17/25 | 315 | 313,228 | |
QuarterNorth Energy Holding, Inc., Term Loan - Second Lien, 11.115%, (1 mo. USD LIBOR + 8.00%), 8/27/26 | 378 | 376,866 | |
$ 6,108,544 | |||
Personal Products — 0.5% | |||
Sunshine Luxembourg VII S.a.r.l., Term Loan, 7.424%, (3 mo. USD LIBOR + 3.75%), 10/1/26 | 542 | $ 505,690 | |
$ 505,690 | |||
Pharmaceuticals — 3.1% | |||
Akorn, Inc., Term Loan, 9.777%, (3 mo. USD LIBOR + 7.50%), 10/1/25 | 151 | $ 146,270 | |
Bausch Health Companies, Inc., Term Loan, 8.098%, (SOFR + 5.25%), 2/1/27 | 462 | 356,765 | |
Jazz Financing Lux S.a.r.l., Term Loan, 6.615%, (1 mo. USD LIBOR + 3.50%), 5/5/28 | 668 | 646,751 | |
Mallinckrodt International Finance S.A.: | |||
Term Loan, 8.733%, (3 mo. USD LIBOR + 5.25%), 9/30/27 | 818 | 682,665 | |
Term Loan, 8.983%, (3 mo. USD LIBOR + 5.50%), 9/30/27 | 1,333 | 1,110,044 | |
Nidda Healthcare Holding AG, Term Loan, 3.50%, (3 mo. EURIBOR + 3.50%), 8/21/26 | EUR | 275 | 246,605 |
$ 3,189,100 | |||
Professional Services — 1.9% | |||
AlixPartners, LLP, Term Loan, 4.443%, (3 mo. EURIBOR + 3.25%), 2/4/28 | EUR | 246 | $ 224,444 |
Blitz 20-487 GmbH, Term Loan, 3.438%, (3 mo. EURIBOR + 3.20%), 4/28/28 | EUR | 375 | 335,974 |
Brown Group Holding, LLC, Term Loan, 5.615%, (1 mo. USD LIBOR + 2.50%), 6/7/28 | 641 | 610,990 |
Borrower/Description | Principal Amount* (000's omitted) | Value | |
Professional Services (continued) | |||
Employbridge, LLC, Term Loan, 8.424%, (3 mo. USD LIBOR + 4.75%), 7/19/28 | 446 | $ 399,279 | |
Trans Union, LLC, Term Loan, 5.365%, (1 mo. USD LIBOR + 2.25%), 12/1/28 | 453 | 440,429 | |
$ 2,011,116 | |||
Road & Rail — 2.4% | |||
Grab Holdings, Inc., Term Loan, 7.62%, (1 mo. USD LIBOR + 4.50%), 1/29/26 | 1,133 | $ 1,068,089 | |
Uber Technologies, Inc., Term Loan, 6.57%, (3 mo. USD LIBOR + 3.50%), 4/4/25 | 1,485 | 1,458,164 | |
$ 2,526,253 | |||
Semiconductors & Semiconductor Equipment — 0.9% | |||
Altar Bidco, Inc.: | |||
Term Loan, 5.256%, (SOFR + 3.10%), 2/1/29(11) | 324 | $ 304,331 | |
Term Loan - Second Lien, 7.355%, (SOFR + 5.60%), 2/1/30 | 125 | 110,833 | |
Bright Bidco B.V.: | |||
DIP Loan, 10.903%, (SOFR + 8.00%), 2/28/23 | 113 | 113,955 | |
Term Loan, 0.00%, 6/30/24(13) | 963 | 326,244 | |
MKS Instruments, Inc., Term Loan, 3.68%, (1 mo. EURIBOR + 3.00%), 8/17/29 | EUR | 100 | 93,595 |
$ 948,958 | |||
Software — 24.9% | |||
AppLovin Corporation: | |||
Term Loan, 6.365%, (1 mo. USD LIBOR + 3.25%), 8/15/25 | 642 | $ 625,064 | |
Term Loan, 6.674%, (3 mo. USD LIBOR + 3.00%), 10/25/28 | 373 | 360,439 | |
AQA Acquisition Holding, Inc., Term Loan, 7.32%, (3 mo. USD LIBOR + 4.25%), 3/3/28 | 420 | 403,250 | |
Astra Acquisition Corp.: | |||
Term Loan, 8.365%, (1 mo. USD LIBOR + 5.25%), 10/25/28 | 267 | 225,081 | |
Term Loan - Second Lien, 11.99%, (1 mo. USD LIBOR + 8.88%), 10/25/29 | 425 | 388,781 | |
Banff Merger Sub, Inc.: | |||
Term Loan, 4.685%, (3 mo. EURIBOR + 4.00%), 10/2/25 | EUR | 121 | 110,140 |
Term Loan, 6.865%, (1 mo. USD LIBOR + 3.75%), 10/2/25 | 1,478 | 1,404,962 | |
Term Loan - Second Lien, 8.615%, (1 mo. USD LIBOR + 5.50%), 2/27/26 | 225 | 210,797 |
Borrower/Description | Principal Amount* (000's omitted) | Value | |
Software (continued) | |||
CDK Global, Inc., Term Loan, 6.61%, (SOFR + 4.50%), 7/6/29 | 575 | $ 554,965 | |
CentralSquare Technologies, LLC, Term Loan, 7.424%, (3 mo. USD LIBOR + 3.75%), 8/29/25 | 1,551 | 1,362,473 | |
Cloudera, Inc.: | |||
Term Loan, 6.865%, (1 mo. USD LIBOR + 3.75%), 10/8/28 | 697 | 619,014 | |
Term Loan - Second Lien, 9.115%, (1 mo. USD LIBOR + 6.00%), 10/8/29 | 200 | 172,000 | |
Constant Contact, Inc., Term Loan, 6.423%, (3 mo. USD LIBOR + 4.00%), 2/10/28 | 916 | 822,008 | |
Cornerstone OnDemand, Inc., Term Loan, 6.865%, (1 mo. USD LIBOR + 3.75%), 10/16/28 | 348 | 294,271 | |
Delta TopCo, Inc., Term Loan - Second Lien, 10.332%, (3 mo. USD LIBOR + 7.25%), 12/1/28 | 1,000 | 885,000 | |
E2open, LLC, Term Loan, 6.644%, (3 mo. USD LIBOR + 3.50%), 2/4/28 | 420 | 403,604 | |
ECI Macola Max Holding, LLC, Term Loan, 7.424%, (3 mo. USD LIBOR + 3.75%), 11/9/27 | 590 | 560,751 | |
Epicor Software Corporation, Term Loan - Second Lien, 10.865%, (1 mo. USD LIBOR + 7.75%), 7/31/28 | 375 | 367,312 | |
Finastra USA, Inc., Term Loan - Second Lien, 8.489%, (1 week USD LIBOR + 7.25%), 6/13/25 | 500 | 411,562 | |
Greeneden U.S. Holdings II, LLC, Term Loan, 7.115%, (1 mo. USD LIBOR + 4.00%), 12/1/27 | 716 | 683,229 | |
Hyland Software, Inc., Term Loan - Second Lien, 9.365%, (1 mo. USD LIBOR + 6.25%), 7/7/25 | 1,787 | 1,736,531 | |
Imperva, Inc., Term Loan, 6.921%, (3 mo. USD LIBOR + 4.00%), 1/12/26 | 690 | 586,357 | |
Ivanti Software, Inc.: | |||
Term Loan, 7.144%, (3 mo. USD LIBOR + 4.00%), 12/1/27 | 345 | 269,192 | |
Term Loan, 7.332%, (3 mo. USD LIBOR + 4.25%), 12/1/27 | 1,312 | 1,029,203 | |
Magenta Buyer, LLC: | |||
Term Loan, 7.87%, (1 mo. USD LIBOR + 4.75%), 7/27/28 | 2,059 | 1,863,791 | |
Term Loan - Second Lien, 11.37%, (1 mo. USD LIBOR + 8.25%), 7/27/29 | 550 | 504,625 | |
Marcel LUX IV S.a.r.l., Term Loan, 7.105%, (SOFR + 4.00%), 12/31/27 | 50 | 48,988 | |
McAfee, LLC, Term Loan, 6.362%, (SOFR + 3.75%), 3/1/29 | 698 | 639,480 | |
Mediaocean, LLC, Term Loan, 6.615%, (1 mo. USD LIBOR + 3.50%), 12/15/28 | 149 | 140,917 | |
Mitnick Corporate Purchaser, Inc., Term Loan, 7.393%, (SOFR + 4.75%), 5/2/29 | 125 | 119,167 | |
Panther Commercial Holdings, L.P., Term Loan, 7.306%, (3 mo. USD LIBOR + 4.50%), 1/7/28 | 395 | 365,547 |
Borrower/Description | Principal Amount* (000's omitted) | Value | |
Software (continued) | |||
Proofpoint, Inc., Term Loan, 6.32%, (3 mo. USD LIBOR + 3.25%), 8/31/28 | 993 | $ 934,315 | |
RealPage, Inc., Term Loan, 6.115%, (1 mo. USD LIBOR + 3.00%), 4/24/28 | 1,683 | 1,579,391 | |
Redstone Holdco 2 L.P., Term Loan, 7.533%, (3 mo. USD LIBOR + 4.75%), 4/27/28 | 693 | 518,017 | |
Sophia, L.P., Term Loan, 7.174%, (3 mo. USD LIBOR + 3.50%), 10/7/27 | 1,334 | 1,285,662 | |
Sovos Compliance, LLC, Term Loan, 7.615%, (1 mo. USD LIBOR + 4.50%), 8/11/28 | 273 | 261,532 | |
Sportradar Capital S.a.r.l., Term Loan, 4.208%, (1 mo. EURIBOR + 3.50%), 11/22/27 | EUR | 131 | 121,923 |
SurveyMonkey, Inc., Term Loan, 6.87%, (1 mo. USD LIBOR + 3.75%), 10/10/25 | 403 | 391,330 | |
Ultimate Software Group, Inc. (The), Term Loan, 5.535%, (3 mo. USD LIBOR + 3.25%), 5/4/26 | 1,074 | 1,018,442 | |
Veritas US, Inc.: | |||
Term Loan, 5.943%, (3 mo. EURIBOR + 4.75%), 9/1/25 | EUR | 147 | 113,070 |
Term Loan, 8.674%, (3 mo. USD LIBOR + 5.00%), 9/1/25 | 1,200 | 955,951 | |
Vision Solutions, Inc., Term Loan, 6.783%, (3 mo. USD LIBOR + 4.00%), 4/24/28 | 743 | 655,875 | |
$ 26,004,009 | |||
Specialty Retail — 4.0% | |||
Boels Topholding B.V., Term Loan, 3.571%, (3 mo. EURIBOR + 3.25%), 2/6/27 | EUR | 275 | $ 248,626 |
Great Outdoors Group, LLC, Term Loan, 6.865%, (1 mo. USD LIBOR + 3.75%), 3/6/28 | 1,277 | 1,182,345 | |
Harbor Freight Tools USA, Inc., Term Loan, 5.865%, (1 mo. USD LIBOR + 2.75%), 10/19/27 | 990 | 899,594 | |
L1R HB Finance Limited: | |||
Term Loan, 6.016%, (6 mo. EURIBOR + 4.25%), 9/2/24 | EUR | 200 | 150,390 |
Term Loan, 7.217%, (SONIA + 5.25%), 9/2/24 | GBP | 200 | 171,196 |
LIDS Holdings, Inc., Term Loan, 8.99%, (SOFR + 5.50%), 12/14/26 | 113 | 97,241 | |
Mattress Firm, Inc., Term Loan, 8.433%, (3 mo. USD LIBOR + 4.25%), 9/25/28 | 572 | 504,212 | |
PetSmart, Inc., Term Loan, 6.87%, (1 mo. USD LIBOR + 3.75%), 2/11/28 | 990 | 939,262 | |
$ 4,192,866 | |||
Trading Companies & Distributors — 4.4% | |||
DXP Enterprises, Inc., Term Loan, 7.865%, (1 mo. USD LIBOR + 4.75%), 12/16/27 | 246 | $ 235,800 |
Borrower/Description | Principal Amount* (000's omitted) | Value | |
Trading Companies & Distributors (continued) | |||
Electro Rent Corporation, Term Loan, 7.732%, (3 mo. USD LIBOR + 5.00%), 1/31/24 | 1,478 | $ 1,437,063 | |
Hillman Group, Inc. (The): | |||
Term Loan, 2.994%, (1 mo. USD LIBOR + 2.75%), 7/14/28(10) | 38 | 36,351 | |
Term Loan, 5.834%, (1 mo. USD LIBOR + 2.75%), 7/14/28 | 157 | 150,367 | |
Park River Holdings, Inc., Term Loan, 5.527%, (3 mo. USD LIBOR + 3.25%), 12/28/27 | 321 | 274,285 | |
Patagonia Bidco Limited: | |||
Term Loan, 6.94%, (SONIA + 5.25%), 3/5/29 | GBP | 317 | 307,346 |
Term Loan, 6.94%, (SONIA + 5.25%), 3/5/29 | GBP | 58 | 55,881 |
Spin Holdco, Inc., Term Loan, 7.144%, (3 mo. USD LIBOR + 4.00%), 3/4/28 | 2,014 | 1,774,108 | |
TricorBraun Holdings, Inc., Term Loan, 6.365%, (1 mo. USD LIBOR + 3.25%), 3/3/28 | 346 | 325,962 | |
$ 4,597,163 | |||
Total Senior Floating-Rate Loans (identified cost $143,470,023) | $130,169,735 |
Warrants — 0.0% |
Security | Shares | Value | |
Leisure Goods/Activities/Movies — 0.0% | |||
Cineworld Group PLC, Exp. 11/23/25(4)(5) | 102,872 | $ 0 | |
$ 0 | |||
Retailers (Except Food and Drug) — 0.0% | |||
David’s Bridal, LLC, Exp. 11/26/22(3)(4)(5) | 2,169 | $ 0 | |
$ 0 | |||
Total Warrants (identified cost $0) | $ 0 |
Miscellaneous — 0.0% |
Security | Shares | Value | |
Cable and Satellite Television — 0.0% | |||
ACC Claims Holdings, LLC(3)(5) | 200,340 | $ 0 | |
Total Miscellaneous (identified cost $0) | $ 0 |
Short-Term Investments — 2.0% |
Security | Shares | Value | |
Morgan Stanley Institutional Liquidity Funds - Government Portfolio, Institutional Class, 2.80%(14) | 2,102,007 | $ 2,102,007 | |
Total Short-Term Investments (identified cost $2,102,007) | $ 2,102,007 | ||
Total Investments — 148.4% (identified cost $173,431,120) | $154,860,356 | ||
Less Unfunded Loan Commitments — (0.4)% | $ (388,203) | ||
Net Investments — 148.0% (identified cost $173,042,917) | $154,472,153 | ||
Other Assets, Less Liabilities — (12.0)% | $(12,477,446) | ||
Auction Preferred Shares Plus Cumulative Unpaid Dividends — (36.0)% | $(37,608,029) | ||
Net Assets Applicable to Common Shares — 100.0% | $104,386,678 |
The percentage shown for each investment category in the Portfolio of Investments is based on net assets applicable to common shares. | |
* | In U.S. dollars unless otherwise indicated. |
(1) | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At September 30, 2022, the aggregate value of these securities is $16,612,447 or 15.9% of the Trust's net assets applicable to common shares. |
(2) | Variable rate security. The stated interest rate represents the rate in effect at September 30, 2022. |
(3) | For fair value measurement disclosure purposes, security is categorized as Level 3. |
(4) | Non-income producing security. |
(5) | Security was acquired in connection with a restructuring of a Senior Loan and may be subject to restrictions on resale. |
(6) | Restricted security. |
(7) | Amount is less than 0.05%. |
(8) | Principal amount is less than $500. |
(9) | Senior floating-rate loans (Senior Loans) often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, Senior Loans will typically have an expected average life of approximately two to four years. Senior Loans typically have rates of interest which are redetermined periodically by reference to a base lending rate, plus a spread. These base lending rates are primarily the London Interbank Offered Rate (“LIBOR”) or the Secured Overnight Financing Rate (“SOFR”) and secondarily, the prime rate offered by one or more major United States banks (the “Prime Rate”). Base lending rates may be subject to a floor, or minimum rate. Rates for SOFR are generally 1 or 3-month tenors and may also be subject to a credit spread adjustment. Senior Loans are generally subject to contractual restrictions that must be satisfied before they can be bought or sold. |
(10) | Unfunded or partially unfunded loan commitments. The Trust may enter into certain loan agreements all or a portion of which may be unfunded. The Trust is obligated to fund these commitments at the borrower's discretion. The stated interest rate reflects the weighted average of the reference rate and spread for the funded portion, if any, and the commitment fees on the portion of the loan that is unfunded. At September 30, 2022, the total value of unfunded loan commitments is $337,939. |
(11) | The stated interest rate represents the weighted average interest rate at September 30, 2022 of contracts within the senior loan facility. Interest rates on contracts are primarily redetermined either weekly, monthly or quarterly by reference to the indicated base lending rate and spread and the reset period. |
(12) | This Senior Loan will settle after September 30, 2022, at which time the interest rate will be determined. |
(13) | Defaulted security. Issuer has defaulted on the payment of interest and/or principal or has filed for bankruptcy. |
(14) | May be deemed to be an affiliated investment company. The rate shown is the annualized seven-day yield as of September 30, 2022. |
Forward Foreign Currency Exchange Contracts (OTC) | |||||||
Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation | Unrealized (Depreciation) | ||
USD | 3,146,445 | EUR | 3,122,551 | Standard Chartered Bank | 10/4/22 | $ 86,188 | $ — |
EUR | 1,784,214 | USD | 1,830,946 | JPMorgan Chase Bank, N.A. | 10/31/22 | — | (79,079) |
USD | 1,956,288 | EUR | 1,912,658 | Bank of America, N.A. | 10/31/22 | 78,307 | — |
USD | 939,960 | EUR | 915,485 | Goldman Sachs International | 10/31/22 | 41,072 | — |
USD | 939,861 | EUR | 915,485 | Goldman Sachs International | 10/31/22 | 40,974 | — |
USD | 1,814,961 | EUR | 1,774,552 | State Street Bank and Trust Company | 10/31/22 | 72,581 | — |
USD | 442,166 | GBP | 410,808 | Goldman Sachs International | 10/31/22 | — | (16,790) |
USD | 14,350 | GBP | 13,339 | State Street Bank and Trust Company | 10/31/22 | — | (552) |
USD | 442,558 | GBP | 410,808 | State Street Bank and Trust Company | 10/31/22 | — | (16,398) |
USD | 3,065,049 | EUR | 3,122,551 | Standard Chartered Bank | 11/2/22 | — | (1,313) |
USD | 488,016 | EUR | 500,062 | Bank of America, N.A. | 12/30/22 | — | (5,562) |
USD | 488,127 | EUR | 500,061 | State Street Bank and Trust Company | 12/30/22 | — | (5,451) |
USD | 613,056 | EUR | 628,126 | State Street Bank and Trust Company | 12/30/22 | — | (6,926) |
USD | 732,284 | EUR | 750,092 | State Street Bank and Trust Company | 12/30/22 | — | (8,084) |
USD | 485,487 | EUR | 500,061 | State Street Bank and Trust Company | 12/30/22 | — | (8,091) |
$319,122 | $(148,246) |
Abbreviations: | |
DIP | – Debtor In Possession |
EURIBOR | – Euro Interbank Offered Rate |
LIBOR | – London Interbank Offered Rate |
OTC | – Over-the-counter |
PIK | – Payment In Kind |
SOFR | – Secured Overnight Financing Rate |
SONIA | – Sterling Overnight Interbank Average |
Currency Abbreviations: | |
EUR | – Euro |
GBP | – British Pound Sterling |
USD | – United States Dollar |
Description | Date(s) of Acquisition | Shares | Cost | Value |
Common Stocks | ||||
Nine Point Energy Holdings, Inc. | 7/15/14 | 325 | $15,070 | $0 |
Total Common Stocks | $15,070 | $0 | ||
Convertible Preferred Stocks | ||||
Nine Point Energy Holdings, Inc., Series A, 12.00%, (PIK) | 5/26/17 | 5 | $ 5,000 | $0 |
Total Convertible Preferred Stocks | $5,000 | $0 | ||
Total Restricted Securities | $20,070 | $0 |
Name | Value, beginning of period | Purchases | Sales proceeds | Net realized gain (loss) | Change in unrealized appreciation (depreciation) | Value, end of period | Dividend income | Shares, end of period |
Short-Term Investments | ||||||||
Liquidity Fund | $2,499,592 | $13,323,134 | $(13,373,853) | $ — | $(346,866) | $2,102,007 | $10,143 | 2,102,007 |
• | Level 1 – quoted prices in active markets for identical investments |
• | Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.) |
• | Level 3 – significant unobservable inputs (including a fund's own assumptions in determining the fair value of investments) |
Asset Description | Level 1 | Level 2 | Level 3* | Total |
Asset-Backed Securities | $ — | $ 10,874,226 | $ — | $ 10,874,226 |
Closed-End Funds | 3,135,636 | — | — | 3,135,636 |
Common Stocks | 369,500 | 619,157 | 406,693 | 1,395,350 |
Convertible Preferred Stocks | — | 28 | 0 | 28 |
Corporate Bonds | — | 7,183,374 | — | 7,183,374 |
Senior Floating-Rate Loans (Less Unfunded Loan Commitments) | — | 129,583,878 | 197,654 | 129,781,532 |
Warrants | — | 0 | 0 | 0 |
Miscellaneous | — | — | 0 | 0 |
Short-Term Investments | 2,102,007 | — | — | 2,102,007 |
Total Investments | $5,607,143 | $148,260,663 | $604,347 | $154,472,153 |
Forward Foreign Currency Exchange Contracts | $ — | $ 319,122 | $ — | $ 319,122 |
Total | $5,607,143 | $148,579,785 | $604,347 | $154,791,275 |
Liability Description | ||||
Forward Foreign Currency Exchange Contracts | $ — | $ (148,246) | $ — | $ (148,246) |
Total | $ — | $ (148,246) | $ — | $ (148,246) |
* | None of the unobservable inputs for Level 3 assets, individually or collectively, had a material impact on the Fund. |