Asset-Backed Securities - 0.1%
|
|||
Principal
Amount (a)
|
Value ($)
|
||
GRAND CAYMAN (UK OVERSEAS TER) - 0.1%
|
|||
Bbam US CLO I Ltd Series 2025-1A Class D1R, CME Term SOFR 3 month Index + 3%, 6.7529% 3/30/2038 (c)(d)(l)
|
125,000
|
125,054
|
|
Carlyle US CLO Ltd Series 2024-6A Class E, CME Term SOFR 3 month Index + 5.75%, 9.5602% 10/25/2037 (c)(d)(l)
|
150,000
|
150,090
|
|
TOTAL GRAND CAYMAN (UK OVERSEAS TER)
|
275,144
|
||
|
TOTAL ASSET-BACKED SECURITIES
(Cost $274,999)
|
275,144
|
||
Bank Loan Obligations - 7.1%
|
|||
Principal
Amount (a)
|
Value ($)
|
||
FRANCE - 0.1%
|
|||
Communication Services - 0.1%
|
|||
Diversified Telecommunication Services - 0.1%
|
|||
Altice France SA Tranche B14 1LN, term loan CME Term SOFR 1 month Index + 6.875%, 10.6156% 5/31/2031 (b)(c)(d)
|
124,509
|
126,559
|
|
SWITZERLAND - 0.4%
|
|||
Materials - 0.4%
|
|||
Chemicals - 0.4%
|
|||
Consolidated Energy Finance SA 1LN, term loan CME Term SOFR 3 month Index + 4.75%, 8.5727% 11/15/2030 (b)(c)(d)
|
199,500
|
193,265
|
|
Consolidated Energy Finance SA Tranche B 1LN, term loan CME Term SOFR 3 month Index + 4.5%, 8.3227% 11/15/2030 (b)(c)(d)
|
587,838
|
570,415
|
|
TOTAL SWITZERLAND
|
763,680
|
||
UNITED KINGDOM - 0.0%
|
|||
Energy - 0.0%
|
|||
Oil, Gas & Consumable Fuels - 0.0%
|
|||
EG America LLC Tranche B 1LN, term loan CME Term SOFR 1 month Index + 3.25%, 6.9158% 2/10/2031 (b)(c)(d)
|
95,000
|
95,267
|
|
UNITED STATES - 6.6%
|
|||
Communication Services - 0.3%
|
|||
Diversified Telecommunication Services - 0.1%
|
|||
Uniti Services LLC Tranche B 1LN, term loan CME Term SOFR 1 month Index + 4%, 7.7309% 10/6/2032 (b)(c)(d)
|
281,251
|
281,251
|
|
Entertainment - 0.1%
|
|||
OAK-Eagle Acquireco Inc Tranche B 1LN, term loan CME Term SOFR 1 month Index + 3.5%, 0% 3/24/2033 (b)(c)(d)(e)
|
175,000
|
175,898
|
|
Media - 0.1%
|
|||
Discovery Global Holdings Inc Tranche B 1LN, term loan CME Term SOFR 1 month Index + 2.5%, 6.2309% 6/3/2033 (b)(c)(d)
|
152,019
|
152,115
|
|
TOTAL COMMUNICATION SERVICES
|
609,264
|
||
Consumer Discretionary - 1.3%
|
|||
Automobile Components - 0.1%
|
|||
Clarios Global LP Tranche B 1LN, term loan CME Term SOFR 1 month Index + 2.5%, 6.2309% 1/28/2032 (b)(c)(d)
|
189,050
|
189,286
|
|
Broadline Retail - 0.0%
|
|||
Great Outdoors Group LLC Tranche B 1LN, term loan CME Term SOFR 1 month Index + 3.25%, 6.9809% 1/23/2032 (b)(c)(d)
|
94,158
|
94,494
|
|
Diversified Consumer Services - 0.1%
|
|||
TKC Holdings Inc 1LN, term loan CME Term SOFR 1 month Index + 4.5%, 8.1696% 8/19/2030 (b)(c)(d)
|
194,513
|
193,540
|
|
Hotels, Restaurants & Leisure - 0.9%
|
|||
Caesars Entertainment Inc Tranche B 1LN, term loan CME Term SOFR 1 month Index + 2.25%, 5.9809% 2/6/2030 (b)(c)(d)
|
573,704
|
552,477
|
|
Fertitta Entertainment LLC/NV Tranche B 1LN, term loan CME Term SOFR 1 month Index + 3.25%, 6.9809% 1/29/2029 (b)(c)(d)
|
648,125
|
648,100
|
|
MajorDrive Holdings IV LLC 1LN, term loan CME Term SOFR 3 month Index + 4%, 7.9938% 6/1/2028 (b)(c)(d)
|
439,816
|
421,563
|
|
1,622,140
|
|||
Specialty Retail - 0.2%
|
|||
LBM Acquisition LLC Tranche B 1LN, term loan CME Term SOFR 1 month Index + 3.75%, 7.5744% 6/6/2031 (b)(c)(d)
|
212,292
|
169,127
|
|
LBM Acquisition LLC Tranche B 1LN, term loan CME Term SOFR 1 month Index + 5%, 8.7244% 6/6/2031 (b)(c)(d)
|
98,992
|
83,648
|
|
Wand NewCo 3 Inc Tranche B 1LN, term loan CME Term SOFR 1 month Index + 2.5%, 6.2309% 1/30/2031 (b)(c)(d)
|
130,684
|
130,961
|
|
383,736
|
|||
TOTAL CONSUMER DISCRETIONARY
|
2,483,196
|
||
Consumer Staples - 0.1%
|
|||
Consumer Staples Distribution & Retail - 0.1%
|
|||
C&S Wholesale Grocers Inc Tranche B 1LN, term loan CME Term SOFR 1 month Index + 5%, 8.7322% 9/20/2030 (b)(c)(d)
|
213,238
|
200,976
|
|
Energy - 0.2%
|
|||
Oil, Gas & Consumable Fuels - 0.2%
|
|||
New Fortress Energy Inc Tranche B 1LN, term loan CME Term SOFR 3 month Index + 5.5%, 0% (b)(c)(d)(g)
|
672,350
|
400,606
|
|
Financials - 1.0%
|
|||
Capital Markets - 0.0%
|
|||
Hightower Holding LLC Tranche B 1LN, term loan CME Term SOFR 3 month Index + 2.75%, 6.4081% 2/3/2032 (b)(c)(d)
|
64,350
|
64,027
|
|
Financial Services - 0.6%
|
|||
Nexus Buyer LLC Tranche B 1LN, term loan CME Term SOFR 1 month Index + 3.5%, 7.2309% 7/31/2031 (b)(c)(d)
|
295,509
|
286,039
|
|
Nexus Buyer LLC Tranche B 1LN, term loan CME Term SOFR 1 month Index + 4%, 7.7309% 7/31/2031 (b)(c)(d)
|
173,937
|
169,903
|
|
Vci Asset Holdings 3 LLC Tranche TL, term loan 6.875% 4/15/2031 (b)(f)
|
118,750
|
120,828
|
|
WH Borrower LLC Tranche B 1LN, term loan CME Term SOFR 3 month Index + 4.5%, 8.1419% 2/20/2032 (b)(c)(d)
|
431,061
|
432,484
|
|
WH Borrower LLC Tranche B 1LN, term loan CME Term SOFR 3 month Index + 4.75%, 0% 2/20/2032 (b)(c)(d)(e)
|
50,000
|
50,146
|
|
1,059,400
|
|||
Insurance - 0.4%
|
|||
Acrisure LLC Tranche B6 1LN, term loan CME Term SOFR 1 month Index + 3%, 6.7309% 11/6/2030 (b)(c)(d)
|
169,925
|
155,226
|
|
Alliant Hldgs Intermediate LLC Tranche B 1LN, term loan CME Term SOFR 1 month Index + 2.5%, 6.2309% 9/19/2031 (b)(c)(d)
|
193,351
|
192,495
|
|
Asurion LLC Tranche B14 1LN, term loan CME Term SOFR 1 month Index + 3.75%, 7.5727% 2/23/2033 (b)(c)(d)
|
474,107
|
443,684
|
|
791,405
|
|||
TOTAL FINANCIALS
|
1,914,832
|
||
Health Care - 0.3%
|
|||
Health Care Providers & Services - 0.0%
|
|||
Cano Health LLC Tranche INITIAL EXCHANGE TERM LOANS 1LN, term loan CME Term SOFR 3 month Index + 10%, 13.7322% 6/28/2029 (b)(c)(d)(f)
|
149,568
|
21,672
|
|
Pharmaceuticals - 0.3%
|
|||
1261229 BC Ltd Tranche B 1LN, term loan CME Term SOFR 1 month Index + 6.25%, 9.9809% 10/8/2030 (b)(c)(d)
|
510,958
|
495,165
|
|
TOTAL HEALTH CARE
|
516,837
|
||
Industrials - 1.1%
|
|||
Aerospace & Defense - 0.0%
|
|||
TransDigm Inc Tranche N 1LN, term loan CME Term SOFR 1 month Index + 2.5%, 6.2309% 2/13/2033 (b)(c)(d)
|
54,863
|
54,915
|
|
Air Freight & Logistics - 0.1%
|
|||
Rand Parent LLC Tranche B 1LN, term loan CME Term SOFR 3 month Index + 3%, 0% 3/18/2030 (b)(c)(d)(e)
|
100,000
|
100,111
|
|
Commercial Services & Supplies - 0.4%
|
|||
CSC ServiceWorks East LLC Tranche EXCHANGE FLSO TL 1LN, term loan CME Term SOFR 1 month Index + 4%, 8.0138% 9/4/2030 (b)(c)(d)
|
569,896
|
420,299
|
|
CSC ServiceWorks East LLC Tranche INITIAL FL1O 1LN, term loan CME Term SOFR 1 month Index + 5.43%, 9.1822% 9/4/2030 (b)(c)(d)
|
98,019
|
100,607
|
|
Neptune Bidco US Inc Tranche B 1LN, term loan CME Term SOFR 3 month Index + 5%, 8.8626% 2/3/2033 (b)(c)(d)
|
155,000
|
153,978
|
|
674,884
|
|||
Ground Transportation - 0.2%
|
|||
Genesee & Wyoming Inc Tranche B 1LN, term loan CME Term SOFR 3 month Index + 1.75%, 5.4822% 4/10/2031 (b)(c)(d)
|
388,088
|
386,974
|
|
Machinery - 0.0%
|
|||
Beach Acquisition Bidco LLC 1LN, term loan CME Term SOFR 3 month Index + 2.75%, 6.4809% 9/12/2032 (b)(c)(d)
|
24,875
|
24,947
|
|
Passenger Airlines - 0.4%
|
|||
American Airlines Inc Tranche B 1LN, term loan CME Term SOFR 1 month Index + 3.25%, 6.6658% 5/29/2033 (b)(c)(d)
|
625,000
|
620,050
|
|
Vista Management Holding Inc Tranche B 1LN, term loan CME Term SOFR 3 month Index + 3.75%, 7.4754% 4/1/2031 (b)(c)(d)
|
195,000
|
195,123
|
|
815,173
|
|||
TOTAL INDUSTRIALS
|
2,057,004
|
||
Information Technology - 0.9%
|
|||
IT Services - 0.1%
|
|||
Constant Contact Inc Tranche B 1LN, term loan CME Term SOFR 3 month Index + 4%, 8.0145% 2/10/2028 (b)(c)(d)
|
220,243
|
208,350
|
|
Software - 0.8%
|
|||
Ascend Learning LLC Tranche B 1LN, term loan CME Term SOFR 1 month Index + 3%, 6.7309% 12/11/2028 (b)(c)(d)
|
291,242
|
287,738
|
|
CoreWeave Financing DDTL V LLC Tranche B 1LN, term loan CME Term SOFR 1 month Index + 0.5%, 3.8107% 11/15/2031 (b)(c)(d)(h)
|
195,000
|
194,513
|
|
CoreWeave Financing DDTL V LLC Tranche DD-CAPEX 1LN, term loan CME Term SOFR 1 month Index + 5.5%, 0% 9/30/2031 (b)(c)(d)(e)
|
20,000
|
20,024
|
|
Proofpoint Inc Tranche B 1LN, term loan CME Term SOFR 1 month Index + 3%, 6.7322% 8/31/2028 (b)(c)(d)
|
942,118
|
925,047
|
|
1,427,322
|
|||
TOTAL INFORMATION TECHNOLOGY
|
1,635,672
|
||
Materials - 1.3%
|
|||
Chemicals - 1.0%
|
|||
Chemours Co/The Tranche B3 1LN, term loan CME Term SOFR 1 month Index + 3.5%, 7.2309% 10/15/2032 (b)(c)(d)
|
268,650
|
267,559
|
|
Herens US Holdco Corp Tranche B 1LN, term loan CME Term SOFR 3 month Index + 3.925%, 7.7572% 7/3/2028 (b)(c)(d)
|
360,008
|
341,896
|
|
Hexion Holdings Corp 1LN, term loan CME Term SOFR 1 month Index + 4%, 7.7244% 3/15/2029 (b)(c)(d)
|
380,267
|
373,058
|
|
M2S Group Intermediate Holdings Inc Tranche B 1LN, term loan CME Term SOFR 3 month Index + 4.75%, 8.5727% 8/25/2031 (b)(c)(d)
|
330,000
|
330,274
|
|
Mativ Holdings Inc Tranche B 1LN, term loan CME Term SOFR 1 month Index + 4.5%, 8.2309% 4/4/2033 (b)(c)(d)
|
300,000
|
299,625
|
|
Tronox Finance LLC Tranche B 1LN, term loan CME Term SOFR 1 month Index + 2.5%, 6.2316% 9/30/2031 (b)(c)(d)
|
327,632
|
250,756
|
|
1,863,168
|
|||
Containers & Packaging - 0.3%
|
|||
Clydesdale Acquisition Holdings Inc 1LN, term loan CME Term SOFR 1 month Index + 3.175%, 6.9059% 4/13/2029 (b)(c)(d)
|
670,000
|
653,585
|
|
TOTAL MATERIALS
|
2,516,753
|
||
Utilities - 0.1%
|
|||
Electric Utilities - 0.0%
|
|||
NRG Energy Inc Tranche B 1LN, term loan CME Term SOFR 3 month Index + 1.75%, 5.4898% 4/16/2031 (b)(c)(d)
|
24,747
|
24,719
|
|
Independent Power and Renewable Electricity Producers - 0.1%
|
|||
Natgasoline LLC Tranche B 1LN, term loan CME Term SOFR 1 month Index + 5.5%, 9.2309% 3/29/2030 (b)(c)(d)
|
94,507
|
95,216
|
|
TOTAL UTILITIES
|
119,935
|
||
TOTAL UNITED STATES
|
12,455,075
|
||
|
TOTAL BANK LOAN OBLIGATIONS
(Cost $13,826,148)
|
13,440,581
|
||
Common Stocks - 0.0%
|
|||
Shares
|
Value ($)
|
||
UNITED STATES - 0.0%
|
|||
Health Care - 0.0%
|
|||
Health Care Providers & Services - 0.0%
|
|||
Cano Health LLC (f)(i)
|
20,400
|
0
|
|
Cano Health LLC warrants 6/28/2029 (f)(i)
|
627
|
0
|
|
TOTAL UNITED STATES
|
0
|
||
|
TOTAL COMMON STOCKS
(Cost $402,107)
|
0
|
||
Non-Convertible Corporate Bonds - 84.6%
|
|||
Principal
Amount (a)
|
Value ($)
|
||
AUSTRALIA - 0.4%
|
|||
Materials - 0.4%
|
|||
Metals & Mining - 0.4%
|
|||
Fortescue Treasury Pty Ltd 4.375% 4/1/2031 (l)
|
93,000
|
87,649
|
|
Fortescue Treasury Pty Ltd 4.5% 9/15/2027 (l)
|
385,000
|
381,715
|
|
Fortescue Treasury Pty Ltd 6.125% 4/15/2032 (l)
|
75,000
|
75,790
|
|
Mineral Resources Ltd 6% 5/1/2032 (l)
|
85,000
|
83,142
|
|
Mineral Resources Ltd 6.25% 5/1/2034 (l)
|
95,000
|
92,390
|
|
TOTAL AUSTRALIA
|
720,686
|
||
BRAZIL - 0.3%
|
|||
Materials - 0.3%
|
|||
Metals & Mining - 0.3%
|
|||
ERO Copper Corp 6.5% 2/15/2030 (l)
|
480,000
|
479,928
|
|
CANADA - 2.2%
|
|||
Communication Services - 0.8%
|
|||
Diversified Telecommunication Services - 0.4%
|
|||
TELUS Corp 6.375% 6/9/2056 (d)
|
235,000
|
231,991
|
|
TELUS Corp 6.625% 10/15/2055 (d)
|
155,000
|
154,496
|
|
TELUS Corp 6.625% 6/9/2056 (d)
|
155,000
|
151,383
|
|
TELUS Corp 7% 10/15/2055 (d)
|
230,000
|
231,841
|
|
769,711
|
|||
Wireless Telecommunication Services - 0.4%
|
|||
Rogers Communications Inc 6.875% 7/31/2056 (d)
|
670,000
|
670,273
|
|
TOTAL COMMUNICATION SERVICES
|
1,439,984
|
||
Consumer Discretionary - 0.9%
|
|||
Hotels, Restaurants & Leisure - 0.9%
|
|||
1011778 BC ULC / New Red Finance Inc 4% 10/15/2030 (l)
|
635,000
|
596,647
|
|
1011778 BC ULC / New Red Finance Inc 6.125% 6/15/2029 (l)
|
1,010,000
|
1,020,530
|
|
TOTAL CONSUMER DISCRETIONARY
|
1,617,177
|
||
Energy - 0.2%
|
|||
Oil, Gas & Consumable Fuels - 0.2%
|
|||
South Bow Canadian Infrastructure Holdings Ltd 7.5% 3/1/2055 (d)
|
72,000
|
75,978
|
|
TransCanada PipeLines Ltd 6.125% 10/17/2056 (d)
|
300,000
|
299,776
|
|
TOTAL ENERGY
|
375,754
|
||
Materials - 0.1%
|
|||
Chemicals - 0.0%
|
|||
Methanex Corp 5.25% 12/15/2029
|
95,000
|
94,166
|
|
Metals & Mining - 0.1%
|
|||
Capstone Copper Corp 6.75% 3/31/2033 (l)
|
225,000
|
225,505
|
|
TOTAL MATERIALS
|
319,671
|
||
Utilities - 0.2%
|
|||
Independent Power and Renewable Electricity Producers - 0.2%
|
|||
TransAlta Corp 5.875% 2/1/2034
|
195,000
|
190,094
|
|
TransAlta Corp 6.5% 3/15/2040
|
200,000
|
192,500
|
|
TOTAL UTILITIES
|
382,594
|
||
TOTAL CANADA
|
4,135,180
|
||
COLOMBIA - 0.3%
|
|||
Utilities - 0.3%
|
|||
Independent Power and Renewable Electricity Producers - 0.3%
|
|||
EnfraGen Energia Sur SA / EnfraGen Spain SA / Prime Energia SpA 5.375% 12/30/2030 (l)
|
434,909
|
407,992
|
|
EnfraGen Energia Sur SAU/ EnfraGen Chile SpA/ EnfraGen Spain SAU 8.499% 6/30/2032 (l)
|
115,000
|
119,285
|
|
TOTAL COLOMBIA
|
527,277
|
||
CONGO DEMOCRATIC REPUBLIC OF - 0.1%
|
|||
Materials - 0.1%
|
|||
Metals & Mining - 0.1%
|
|||
Ivanhoe Mines Ltd 7.875% 1/23/2030 (l)
|
150,000
|
150,797
|
|
DENMARK - 0.0%
|
|||
Health Care - 0.0%
|
|||
Biotechnology - 0.0%
|
|||
GENMAB A/S/GENMAB FINANCE LLC 6.25% 12/15/2032 (l)
|
55,000
|
55,503
|
|
FRANCE - 0.3%
|
|||
Communication Services - 0.1%
|
|||
Diversified Telecommunication Services - 0.1%
|
|||
Altice France SA 6.875% 7/15/2032 (l)
|
220,000
|
213,576
|
|
Energy - 0.2%
|
|||
Energy Equipment & Services - 0.2%
|
|||
Vallourec SACA 7.5% 4/15/2032 (l)
|
294,000
|
306,983
|
|
TOTAL FRANCE
|
520,559
|
||
GERMANY - 0.2%
|
|||
Consumer Discretionary - 0.2%
|
|||
Automobile Components - 0.2%
|
|||
ZF North America Capital Inc 6.75% 4/23/2030 (k)(l)
|
260,000
|
258,016
|
|
ZF North America Capital Inc 6.875% 4/23/2032 (k)(l)
|
205,000
|
201,406
|
|
TOTAL GERMANY
|
459,422
|
||
GHANA - 0.1%
|
|||
Energy - 0.1%
|
|||
Oil, Gas & Consumable Fuels - 0.1%
|
|||
Kosmos Energy Ltd 7.5% 3/1/2028 (l)
|
205,000
|
201,702
|
|
GRAND CAYMAN (UK OVERSEAS TER) - 0.3%
|
|||
Financials - 0.3%
|
|||
Financial Services - 0.3%
|
|||
Global Aircraft Leasing Co Ltd 8.75% 9/1/2027 (l)
|
555,000
|
563,838
|
|
GUATEMALA - 0.3%
|
|||
Communication Services - 0.3%
|
|||
Wireless Telecommunication Services - 0.3%
|
|||
Millicom International Cellular SA 4.5% 4/27/2031 (l)
|
145,000
|
133,592
|
|
Millicom International Cellular SA 5.125% 1/15/2028 (l)
|
360,000
|
356,400
|
|
TOTAL GUATEMALA
|
489,992
|
||
IRELAND - 0.9%
|
|||
Financials - 0.8%
|
|||
Consumer Finance - 0.3%
|
|||
AerCap Ireland Capital DAC / AerCap Global Aviation Trust 6.5% 1/31/2056 (d)
|
570,000
|
572,815
|
|
Financial Services - 0.5%
|
|||
GGAM Finance Ltd 5.875% 3/15/2030 (l)
|
300,000
|
298,125
|
|
GGAM Finance Ltd 6.875% 4/15/2029 (l)
|
260,000
|
264,226
|
|
GGAM Finance Ltd 8% 2/15/2027 (l)
|
305,000
|
304,646
|
|
866,997
|
|||
TOTAL FINANCIALS
|
1,439,812
|
||
Industrials - 0.1%
|
|||
Transportation Infrastructure - 0.1%
|
|||
Avolon Holdings Funding Ltd 4.85% 4/1/2033 (l)
|
195,000
|
186,081
|
|
TOTAL IRELAND
|
1,625,893
|
||
ISRAEL - 0.2%
|
|||
Health Care - 0.2%
|
|||
Pharmaceuticals - 0.2%
|
|||
Teva Pharmaceutical Finance Netherlands IV BV 5.75% 12/1/2030
|
300,000
|
303,737
|
|
LUXEMBOURG - 0.0%
|
|||
Energy - 0.0%
|
|||
Oil, Gas & Consumable Fuels - 0.0%
|
|||
Breakwater Energy Holdings Sarl 9.25% 11/15/2030 (l)
|
90,000
|
95,035
|
|
NETHERLANDS - 0.1%
|
|||
Communication Services - 0.1%
|
|||
Media - 0.1%
|
|||
VZ Secured Financing BV 5% 1/15/2032 (l)
|
255,000
|
209,101
|
|
NORWAY - 0.2%
|
|||
Energy - 0.2%
|
|||
Energy Equipment & Services - 0.2%
|
|||
TGS ASA 8.5% 1/15/2030 (l)
|
440,000
|
460,257
|
|
PANAMA - 0.4%
|
|||
Communication Services - 0.4%
|
|||
Diversified Telecommunication Services - 0.3%
|
|||
Sable International Finance Ltd 7.125% 10/15/2032 (l)
|
525,000
|
517,579
|
|
Wireless Telecommunication Services - 0.1%
|
|||
C&W Senior Finance Ltd 9% 1/15/2033 (l)
|
230,000
|
232,979
|
|
TOTAL PANAMA
|
750,558
|
||
TANZANIA - 0.1%
|
|||
Information Technology - 0.1%
|
|||
Communications Equipment - 0.1%
|
|||
HTA Group Ltd/Mauritius 6.75% 4/1/2031 (l)
|
95,000
|
96,091
|
|
HTA Group Ltd/Mauritius 7.5% 6/4/2029 (l)
|
105,000
|
107,390
|
|
TOTAL TANZANIA
|
203,481
|
||
UNITED KINGDOM - 1.0%
|
|||
Communication Services - 0.2%
|
|||
Media - 0.2%
|
|||
Virgin Media Secured Finance PLC 5.5% 5/15/2029 (l)
|
490,000
|
439,902
|
|
Consumer Discretionary - 0.3%
|
|||
Hotels, Restaurants & Leisure - 0.1%
|
|||
A&K Travel Group Holdings Ltd 7.5% 5/15/2033 (l)
|
200,000
|
199,111
|
|
Specialty Retail - 0.2%
|
|||
Belron UK Finance PLC 5.75% 10/15/2029 (l)
|
300,000
|
299,906
|
|
TOTAL CONSUMER DISCRETIONARY
|
499,017
|
||
Utilities - 0.5%
|
|||
Independent Power and Renewable Electricity Producers - 0.5%
|
|||
California Buyer Ltd / Atlantica Sustainable Infrastructure PLC 6.375% 2/15/2032 (l)
|
770,000
|
759,239
|
|
ContourGlobal Power Holdings SA 6.75% 2/28/2030 (l)
|
280,000
|
284,508
|
|
TOTAL UTILITIES
|
1,043,747
|
||
TOTAL UNITED KINGDOM
|
1,982,666
|
||
UNITED STATES - 76.8%
|
|||
Communication Services - 8.9%
|
|||
Diversified Telecommunication Services - 5.5%
|
|||
APLD ComputeCo 2 LLC 6.75% 3/15/2031 (l)
|
300,000
|
293,253
|
|
APLD ComputeCo 3 LLC 7% 6/15/2031 (l)
|
525,000
|
512,019
|
|
APLD ComputeCo LLC 9.25% 12/15/2030 (k)(l)
|
945,000
|
1,004,304
|
|
Black Pearl Compute LLC 6.125% 2/15/2031 (l)
|
76,000
|
75,873
|
|
Cipher Compute LLC 7.125% 11/15/2030 (k)(l)
|
170,000
|
173,402
|
|
Core Scientific Finance I LLC 7.75% 5/15/2031 (l)
|
1,165,000
|
1,140,797
|
|
Edged Compute LLC 7.5% 4/30/2031 (l)
|
795,000
|
753,577
|
|
ELK Grove Village Property LLC 7.5% 6/15/2031 (l)
|
65,000
|
62,611
|
|
Flash Compute LLC 7.25% 12/31/2030 (l)
|
470,000
|
474,617
|
|
Galaxy Helios Data Centers II LLC 9.875% 8/1/2031 (l)
|
915,000
|
917,489
|
|
Level 3 Financing Inc 6.875% 6/30/2033 (l)
|
565,000
|
571,751
|
|
Level 3 Financing Inc 7% 3/31/2034 (l)
|
50,000
|
50,861
|
|
Meridian Arc Holdco LLC 6.25% 4/30/2031 (l)
|
620,000
|
595,716
|
|
PR RNO Property Owner 1 LLC 6.5% 5/1/2031 (l)
|
1,295,000
|
1,219,398
|
|
Space Exploration Technologies Corp 5.65% 7/15/2033 (l)
|
219,000
|
209,808
|
|
Space Exploration Technologies Corp 5.875% 7/15/2036 (l)
|
390,000
|
364,293
|
|
Stingray Compute LLC 6% 6/15/2031 (k)(l)
|
95,000
|
92,680
|
|
SV RNO Property Owner 1 LLC 5.875% 3/1/2031 (l)
|
585,000
|
543,228
|
|
WULF Compute LLC 7.75% 10/15/2030 (k)(l)
|
755,000
|
784,420
|
|
Yondr JK 1 LLC 6.875% 6/30/2031 (k)(l)
|
555,000
|
528,589
|
|
10,368,686
|
|||
Entertainment - 0.4%
|
|||
OAK-Eagle Acquireco Inc 7.25% 7/1/2033 (l)
|
330,000
|
341,937
|
|
ROBLOX Corp 3.875% 5/1/2030 (k)(l)
|
405,000
|
377,138
|
|
719,075
|
|||
Interactive Media & Services - 0.2%
|
|||
Snap Inc 6.875% 3/15/2034 (l)
|
235,000
|
227,642
|
|
Sopaipilla Investor LLC 7.534% 11/30/2048 (l)
|
300,000
|
310,945
|
|
538,587
|
|||
Media - 2.8%
|
|||
CCO Holdings LLC / CCO Holdings Capital Corp 4.25% 2/1/2031 (l)
|
405,000
|
358,477
|
|
CCO Holdings LLC / CCO Holdings Capital Corp 4.5% 5/1/2032 (k)
|
655,000
|
564,863
|
|
CCO Holdings LLC / CCO Holdings Capital Corp 4.5% 8/15/2030 (k)(l)
|
605,000
|
552,003
|
|
CCO Holdings LLC / CCO Holdings Capital Corp 5% 2/1/2028 (l)
|
965,000
|
952,687
|
|
CCO Holdings LLC / CCO Holdings Capital Corp 5.125% 5/1/2027 (l)
|
248,000
|
247,486
|
|
CCO Holdings LLC / CCO Holdings Capital Corp 7% 2/1/2033 (k)(l)
|
480,000
|
459,999
|
|
CCO Holdings LLC / CCO Holdings Capital Corp 7.375% 2/1/2036 (k)(l)
|
260,000
|
247,179
|
|
Discovery Global Holdings Inc 5.05% 3/15/2042
|
530,000
|
363,050
|
|
Nexstar Media Inc 6.5% 9/15/2033 (l)
|
540,000
|
537,233
|
|
Nexstar Media Inc 7.25% 4/15/2034 (l)
|
55,000
|
55,123
|
|
Paramount Global 6.875% 4/30/2036 (k)
|
235,000
|
214,798
|
|
Sirius XM Radio LLC 4% 7/15/2028 (l)
|
390,000
|
379,348
|
|
Sirius XM Radio LLC 5.5% 7/1/2029 (l)
|
185,000
|
184,156
|
|
Univision Communications Inc 8.875% 4/15/2033 (l)
|
155,000
|
150,075
|
|
5,266,477
|
|||
TOTAL COMMUNICATION SERVICES
|
16,892,825
|
||
Consumer Discretionary - 10.3%
|
|||
Automobile Components - 0.9%
|
|||
American Axle & Manufacturing Inc 6.375% 10/15/2032 (l)
|
145,000
|
144,226
|
|
American Axle & Manufacturing Inc 7.75% 10/15/2033 (k)(l)
|
275,000
|
270,799
|
|
Cyprium Corp / Cyprium Holdings Luxembourg Sarl 6.125% 4/15/2031 (l)
|
485,000
|
480,699
|
|
Cyprium Corp / Cyprium Holdings Luxembourg Sarl 6.375% 4/15/2034 (l)
|
295,000
|
290,631
|
|
Dorman Products Inc 6.25% 6/15/2034 (l)
|
50,000
|
50,142
|
|
Patrick Industries Inc 6.375% 11/1/2032 (l)
|
385,000
|
379,654
|
|
1,616,151
|
|||
Automobiles - 0.3%
|
|||
Nissan Motor Acceptance Co LLC 2.45% 9/15/2028 (l)
|
30,000
|
27,855
|
|
Nissan Motor Acceptance Co LLC 5.55% 9/13/2029 (l)
|
55,000
|
53,488
|
|
Nissan Motor Acceptance Co LLC 6.125% 9/30/2030 (l)
|
295,000
|
288,099
|
|
Rivian Holdings LLC/Rivian LLC/Rivian Automotive LLC 10% 1/15/2031 (l)
|
260,000
|
261,052
|
|
Thor Industries Inc 4% 10/15/2029 (l)
|
195,000
|
183,799
|
|
814,293
|
|||
Broadline Retail - 0.8%
|
|||
Macy's Retail Holdings LLC 7.375% 8/1/2033 (l)
|
145,000
|
150,885
|
|
Match Group Holdings II LLC 3.625% 10/1/2031 (l)
|
190,000
|
169,641
|
|
Match Group Holdings II LLC 4.125% 8/1/2030 (k)(l)
|
265,000
|
247,943
|
|
Wayfair LLC 6.75% 11/15/2032 (k)(l)
|
120,000
|
122,161
|
|
Wayfair LLC 7.125% 5/31/2034 (k)(l)
|
70,000
|
71,910
|
|
Wayfair LLC 7.25% 10/31/2029 (l)
|
190,000
|
195,659
|
|
Wayfair LLC 7.75% 9/15/2030 (l)
|
570,000
|
597,302
|
|
1,555,501
|
|||
Diversified Consumer Services - 0.9%
|
|||
Service Corp International/US 4% 5/15/2031
|
515,000
|
481,494
|
|
Service Corp International/US 5.125% 6/1/2029
|
385,000
|
381,468
|
|
Service Corp International/US 5.75% 10/15/2032 (k)
|
285,000
|
282,669
|
|
TKC Holdings Inc 12% 2/15/2031 (l)
|
95,000
|
99,850
|
|
TKC Holdings Inc 8.5% 8/15/2030 (l)
|
375,000
|
383,343
|
|
1,628,824
|
|||
Hotels, Restaurants & Leisure - 5.4%
|
|||
Acushnet Co 5.625% 12/1/2033 (l)
|
125,000
|
122,561
|
|
Caesars Entertainment Inc 6.5% 2/15/2032 (l)
|
140,000
|
133,780
|
|
Carnival Corp Ltd 5.75% 3/15/2030 (l)
|
195,000
|
195,359
|
|
Carnival Corp Ltd 5.75% 8/1/2032 (l)
|
135,000
|
133,756
|
|
Carnival Corp Ltd 5.875% 6/15/2031 (l)
|
475,000
|
475,379
|
|
Carnival Corp Ltd 6.125% 2/15/2033 (l)
|
410,000
|
410,020
|
|
Carnival Corp Ltd 7% 8/15/2029 (l)
|
425,000
|
439,919
|
|
Churchill Downs Inc 5.75% 4/1/2030 (k)(l)
|
385,000
|
383,861
|
|
Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc 4.625% 1/15/2029 (l)
|
105,000
|
102,093
|
|
Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc 6.75% 1/15/2030 (l)
|
475,000
|
466,457
|
|
Hilton Domestic Operating Co Inc 3.625% 2/15/2032 (l)
|
1,105,000
|
999,860
|
|
Hilton Domestic Operating Co Inc 4% 5/1/2031 (l)
|
815,000
|
764,799
|
|
Hilton Domestic Operating Co Inc 5.5% 3/31/2034 (l)
|
160,000
|
156,736
|
|
Hilton Domestic Operating Co Inc 5.5% 9/15/2031 (l)
|
330,000
|
326,963
|
|
Hilton Domestic Operating Co Inc 5.75% 9/15/2033 (l)
|
230,000
|
227,906
|
|
Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower Inc 5% 6/1/2029 (k)(l)
|
200,000
|
193,932
|
|
Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower Inc 6.625% 1/15/2032 (l)
|
420,000
|
420,964
|
|
Hilton Worldwide Finance LLC / Hilton Worldwide Finance Corp 4.875% 4/1/2027
|
380,000
|
379,876
|
|
Life Time Inc 6% 11/15/2031 (l)
|
435,000
|
438,706
|
|
Royal Caribbean Cruises Ltd 6% 2/1/2033 (l)
|
470,000
|
473,811
|
|
Viking Cruises Ltd 5.875% 10/15/2033 (l)
|
480,000
|
475,289
|
|
Wyndham Hotels & Resorts Inc 4.375% 8/15/2028 (k)(l)
|
525,000
|
514,025
|
|
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp 5.25% 5/15/2027 (l)
|
285,000
|
284,876
|
|
Wynn Resorts Finance LLC / Wynn Resorts Capital Corp 5.125% 10/1/2029 (l)
|
75,000
|
74,221
|
|
Wynn Resorts Finance LLC / Wynn Resorts Capital Corp 6.25% 3/15/2033 (k)(l)
|
205,000
|
203,205
|
|
Yum! Brands Inc 3.625% 3/15/2031
|
1,660,000
|
1,531,877
|
|
10,330,231
|
|||
Household Durables - 1.1%
|
|||
Century Communities Inc 3.875% 8/15/2029 (l)
|
105,000
|
99,573
|
|
Century Communities Inc 6.625% 9/15/2033 (l)
|
190,000
|
190,624
|
|
LGI Homes Inc 4% 7/15/2029 (l)
|
45,000
|
41,585
|
|
LGI Homes Inc 7% 11/15/2032 (k)(l)
|
490,000
|
477,619
|
|
Somnigroup International Inc 3.875% 10/15/2031 (l)
|
575,000
|
524,161
|
|
Whirlpool Corp 6.125% 6/15/2030
|
105,000
|
95,412
|
|
Whirlpool Corp 6.5% 6/15/2033 (k)
|
340,000
|
288,098
|
|
Whirlpool Corp 7.5% 7/1/2031 (l)
|
100,000
|
99,376
|
|
Whirlpool Corp 7.875% 7/1/2034 (l)
|
250,000
|
236,350
|
|
2,052,798
|
|||
Specialty Retail - 0.9%
|
|||
Asbury Automotive Group Inc 4.625% 11/15/2029 (l)
|
200,000
|
193,967
|
|
Asbury Automotive Group Inc 5% 2/15/2032 (l)
|
205,000
|
195,322
|
|
Bath & Body Works Inc 6.625% 10/1/2030 (l)
|
330,000
|
335,335
|
|
Bath & Body Works Inc 6.875% 11/1/2035 (k)
|
190,000
|
192,113
|
|
Group 1 Automotive Inc 6.375% 1/15/2030 (l)
|
565,000
|
567,602
|
|
LBM Acquisition LLC 9.5% 6/15/2031 (l)
|
170,000
|
142,315
|
|
1,626,654
|
|||
TOTAL CONSUMER DISCRETIONARY
|
19,624,452
|
||
Consumer Staples - 3.4%
|
|||
Consumer Staples Distribution & Retail - 1.9%
|
|||
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC 3.5% 3/15/2029 (l)
|
910,000
|
856,440
|
|
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC 4.875% 2/15/2030 (l)
|
100,000
|
95,455
|
|
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC 5.5% 3/31/2031 (l)
|
60,000
|
57,652
|
|
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC 5.75% 3/31/2034 (k)(l)
|
135,000
|
125,515
|
|
Albertsons Cos Inc 5.625% 3/31/2032 (l)
|
135,000
|
128,412
|
|
KeHE Distributors LLC / KeHE Finance Corp / NextWave Distribution Inc 7.125% 4/30/2033 (l)
|
70,000
|
71,172
|
|
Performance Food Group Inc 4.25% 8/1/2029 (l)
|
390,000
|
377,045
|
|
Performance Food Group Inc 5.625% 3/1/2034 (l)
|
225,000
|
218,249
|
|
Performance Food Group Inc 6.125% 9/15/2032 (k)(l)
|
560,000
|
561,582
|
|
US Foods Inc 4.625% 6/1/2030 (l)
|
180,000
|
174,892
|
|
US Foods Inc 5.75% 4/15/2033 (k)(l)
|
750,000
|
742,065
|
|
US Foods Inc 7.25% 1/15/2032 (k)(l)
|
210,000
|
216,981
|
|
3,625,460
|
|||
Food Products - 1.3%
|
|||
Darling Ingredients Inc 5.25% 4/15/2027 (l)
|
190,000
|
189,969
|
|
Darling Ingredients Inc 6% 6/15/2030 (l)
|
380,000
|
381,704
|
|
Fiesta Purchaser Inc 7.875% 3/1/2031 (k)(l)
|
195,000
|
195,075
|
|
Fiesta Purchaser Inc 9.625% 9/15/2032 (l)
|
335,000
|
313,873
|
|
Lamb Weston Holdings Inc 4.375% 1/31/2032 (l)
|
630,000
|
590,484
|
|
Pilgrim's Pride Corp 3.5% 3/1/2032
|
485,000
|
436,461
|
|
Pilgrim's Pride Corp 4.25% 4/15/2031
|
200,000
|
190,162
|
|
Post Holdings Inc 6.375% 3/1/2033 (k)(l)
|
205,000
|
201,885
|
|
2,499,613
|
|||
Personal Care Products - 0.2%
|
|||
BellRing Brands Inc 7% 3/15/2030 (l)
|
365,000
|
360,802
|
|
TOTAL CONSUMER STAPLES
|
6,485,875
|
||
Energy - 11.5%
|
|||
Energy Equipment & Services - 1.5%
|
|||
Archrock Partners LP / Archrock Partners Finance Corp 6.625% 9/1/2032 (l)
|
470,000
|
476,730
|
|
Archrock Services LP / Archrock Partners Finance Corp 6% 2/1/2034 (l)
|
195,000
|
190,839
|
|
Kodiak Gas Services LLC 5.875% 4/1/2031 (l)
|
175,000
|
173,033
|
|
Kodiak Gas Services LLC 6.5% 10/1/2033 (l)
|
155,000
|
154,799
|
|
Kodiak Gas Services LLC 6.75% 10/1/2035 (l)
|
230,000
|
231,748
|
|
SESI LLC 7.875% 9/30/2030 (l)
|
195,000
|
197,306
|
|
Transocean International Ltd 7.875% 10/15/2032 (l)
|
35,000
|
36,455
|
|
Transocean International Ltd 8.25% 5/15/2029 (l)
|
400,000
|
412,464
|
|
USA Compression Partners LP / USA Compression Finance Corp 6.25% 10/1/2033 (l)
|
215,000
|
211,580
|
|
Valaris Ltd 8.375% 4/30/2030 (l)
|
145,000
|
150,118
|
|
WBI Operating LLC 6.25% 10/15/2030 (l)
|
250,000
|
249,955
|
|
WBI Operating LLC 6.5% 10/15/2033 (k)(l)
|
250,000
|
249,555
|
|
2,734,582
|
|||
Oil, Gas & Consumable Fuels - 10.0%
|
|||
Antero Midstream Partners LP / Antero Midstream Finance Corp 5.75% 10/15/2033 (l)
|
250,000
|
245,551
|
|
California Resources Corp 7% 1/15/2034 (l)
|
190,000
|
186,092
|
|
California Resources Corp 7.25% 1/15/2035 (l)
|
195,000
|
192,675
|
|
Cheniere Energy Inc 5.2% 7/30/2036 (l)
|
390,000
|
377,253
|
|
CNX Midstream Partners LP 4.75% 4/15/2030 (l)
|
330,000
|
316,329
|
|
CNX Resources Corp 5.875% 3/1/2034 (l)
|
210,000
|
203,457
|
|
CNX Resources Corp 7.25% 3/1/2032 (k)(l)
|
385,000
|
395,931
|
|
CQP Holdco LP / BIP-V Chinook Holdco LLC 5.5% 6/15/2031 (l)
|
250,000
|
243,410
|
|
CQP Holdco LP / BIP-V Chinook Holdco LLC 7.5% 12/15/2033 (k)(l)
|
550,000
|
576,421
|
|
CVR Energy Inc 7.5% 2/15/2031 (l)
|
585,000
|
592,647
|
|
DBR Land Holdings LLC 6.25% 12/1/2030 (l)
|
225,000
|
226,933
|
|
Delek Logistics Partners LP / Delek Logistics Finance Corp 7.375% 6/30/2033 (l)
|
150,000
|
153,398
|
|
Delek Logistics Partners LP / Delek Logistics Finance Corp 8.625% 3/15/2029 (l)
|
291,000
|
302,010
|
|
Energy Transfer LP 6.5% 2/15/2056 (d)
|
340,000
|
340,038
|
|
Energy Transfer LP 6.55% 1/15/2057 (d)
|
290,000
|
286,319
|
|
Energy Transfer LP 6.7% 1/15/2057 (d)
|
135,000
|
133,004
|
|
Energy Transfer LP 6.75% 2/15/2056 (d)
|
100,000
|
100,310
|
|
Global Partners LP / GLP Finance Corp 6.875% 1/15/2029
|
110,000
|
110,564
|
|
Global Partners LP / GLP Finance Corp 7.125% 7/1/2033 (l)
|
70,000
|
70,887
|
|
Global Partners LP / GLP Finance Corp 8.25% 1/15/2032 (k)(l)
|
130,000
|
135,522
|
|
Harvest Midstream I LP 6.75% 5/15/2034 (l)
|
230,000
|
230,915
|
|
Harvest Midstream I LP 7.5% 5/15/2032 (l)
|
555,000
|
569,034
|
|
Hess Midstream Operations LP 5.125% 6/15/2028 (l)
|
765,000
|
761,881
|
|
Hess Midstream Operations LP 5.5% 10/15/2030 (l)
|
475,000
|
473,312
|
|
Hilcorp Energy I LP / Hilcorp Finance Co 6% 2/1/2031 (l)
|
295,000
|
287,566
|
|
Hilcorp Energy I LP / Hilcorp Finance Co 6.25% 11/1/2028 (l)
|
75,000
|
75,222
|
|
Hilcorp Energy I LP / Hilcorp Finance Co 8.375% 11/1/2033 (l)
|
95,000
|
99,671
|
|
Howard Midstream Energy Partners LLC 6.625% 1/15/2034 (l)
|
215,000
|
217,398
|
|
Howard Midstream Energy Partners LLC 6.625% 1/15/2035 (l)
|
255,000
|
254,860
|
|
Howard Midstream Energy Partners LLC 7.375% 7/15/2032 (l)
|
275,000
|
284,258
|
|
Kinetik Holdings LP 5.875% 6/15/2030 (l)
|
270,000
|
270,299
|
|
Kinetik Holdings LP 6.625% 12/15/2028 (l)
|
445,000
|
452,367
|
|
Matador Resources Co 6% 4/15/2034 (l)
|
100,000
|
96,718
|
|
Matador Resources Co 6.25% 4/15/2033 (k)(l)
|
330,000
|
324,715
|
|
Matador Resources Co 6.5% 4/15/2032 (k)(l)
|
345,000
|
344,355
|
|
Murphy Oil USA Inc 3.75% 2/15/2031 (l)
|
525,000
|
488,210
|
|
Murphy Oil USA Inc 5.875% 6/1/2034 (l)
|
275,000
|
272,468
|
|
Northern Oil & Gas Inc 7.875% 10/15/2033 (l)
|
365,000
|
365,262
|
|
Northern Oil & Gas Inc 8.75% 6/15/2031 (k)(l)
|
280,000
|
288,568
|
|
Par Petroleum LLC 7.375% 6/1/2034 (l)
|
220,000
|
227,647
|
|
PBF Holding Co LLC / PBF Finance Corp 7.25% 6/1/2034 (l)
|
310,000
|
314,821
|
|
PBF Holding Co LLC / PBF Finance Corp 7.875% 9/15/2030 (l)
|
280,000
|
290,590
|
|
PBF Holding Co LLC / PBF Finance Corp 9.875% 3/15/2030 (k)(l)
|
515,000
|
551,760
|
|
Permian Resources Operating LLC 5.875% 7/1/2029 (l)
|
200,000
|
200,089
|
|
Rockies Express Pipeline LLC 6.75% 3/15/2033 (l)
|
165,000
|
167,754
|
|
Rockies Express Pipeline LLC 7.5% 7/15/2038 (l)
|
220,000
|
231,274
|
|
Sunoco LP / Sunoco Finance Corp 4.5% 4/30/2030
|
180,000
|
173,655
|
|
Sunoco LP / Sunoco Finance Corp 4.5% 5/15/2029
|
880,000
|
856,713
|
|
Sunoco LP 5.375% 7/15/2031 (l)
|
155,000
|
152,040
|
|
Sunoco LP 5.625% 3/15/2031 (l)
|
285,000
|
281,298
|
|
Sunoco LP 5.625% 7/15/2034 (l)
|
215,000
|
207,873
|
|
Sunoco LP 5.875% 3/15/2034 (l)
|
95,000
|
92,981
|
|
Sunoco LP 6.625% 8/15/2032 (k)(l)
|
510,000
|
514,850
|
|
Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp 6% 12/31/2030 (l)
|
305,000
|
302,821
|
|
Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp 6.75% 3/15/2034 (l)
|
155,000
|
155,963
|
|
Venture Global Calcasieu Pass LLC 3.875% 11/1/2033 (k)(l)
|
110,000
|
96,492
|
|
Venture Global Calcasieu Pass LLC 6% 5/1/2036 (k)(l)
|
180,000
|
177,898
|
|
Venture Global LNG Inc 6.625% 6/15/2036 (l)
|
195,000
|
191,112
|
|
Venture Global LNG Inc 7% 1/15/2030 (l)
|
210,000
|
213,341
|
|
Venture Global Plaquemines LNG LLC 6.125% 12/15/2030 (l)
|
200,000
|
203,168
|
|
Venture Global Plaquemines LNG LLC 6.5% 1/15/2034 (l)
|
375,000
|
386,948
|
|
Venture Global Plaquemines LNG LLC 6.5% 6/15/2034 (l)
|
340,000
|
350,653
|
|
Venture Global Plaquemines LNG LLC 6.75% 1/15/2036 (l)
|
235,000
|
245,974
|
|
Venture Global Plaquemines LNG LLC 7.5% 5/1/2033 (l)
|
445,000
|
482,833
|
|
Venture Global Plaquemines LNG LLC 7.75% 5/1/2035 (l)
|
435,000
|
482,090
|
|
18,898,468
|
|||
TOTAL ENERGY
|
21,633,050
|
||
Financials - 6.6%
|
|||
Capital Markets - 1.3%
|
|||
Bank of New York Mellon Corp/The 6.15% (d)(j)
|
290,000
|
287,525
|
|
FS KKR Capital Corp 7.5% 8/1/2031
|
195,000
|
195,331
|
|
Hightower Holding LLC 6.75% 4/15/2029 (l)
|
605,000
|
602,745
|
|
Jane Street Group / JSG Finance Inc 4.5% 11/15/2029 (l)
|
210,000
|
203,747
|
|
Jane Street Group / JSG Finance Inc 6.125% 11/1/2032 (l)
|
535,000
|
532,326
|
|
Jane Street Group / JSG Finance Inc 6.75% 5/1/2033 (k)(l)
|
155,000
|
157,963
|
|
Jefferies Finance LLC / JFIN Co-Issuer Corp 5% 8/15/2028 (l)
|
310,000
|
299,706
|
|
Jefferies Finance LLC / JFIN Co-Issuer Corp 6.625% 10/15/2031 (k)(l)
|
95,000
|
93,306
|
|
VFH Parent LLC / Valor Co-Issuer Inc 7.5% 6/15/2031 (l)
|
240,000
|
248,864
|
|
2,621,513
|
|||
Consumer Finance - 1.0%
|
|||
Ford Motor Credit Co LLC 5.42% 4/9/2031
|
390,000
|
383,827
|
|
OneMain Finance Corp 3.5% 1/15/2027
|
605,000
|
600,261
|
|
OneMain Finance Corp 6.75% 3/15/2032
|
195,000
|
194,055
|
|
OneMain Finance Corp 6.75% 9/15/2033 (k)
|
230,000
|
226,293
|
|
OneMain Finance Corp 7.125% 11/15/2031
|
60,000
|
60,803
|
|
OneMain Finance Corp 7.125% 9/15/2032
|
55,000
|
55,576
|
|
OneMain Finance Corp 7.5% 5/15/2031
|
385,000
|
394,625
|
|
1,915,440
|
|||
Financial Services - 2.6%
|
|||
Block Inc 3.5% 6/1/2031
|
225,000
|
205,140
|
|
Block Inc 5.625% 8/15/2030 (l)
|
180,000
|
179,079
|
|
Block Inc 6% 8/15/2033 (l)
|
140,000
|
138,836
|
|
Block Inc 6.5% 5/15/2032
|
625,000
|
631,440
|
|
CrossCountry Intermediate HoldCo LLC 6.5% 10/1/2030 (l)
|
195,000
|
188,578
|
|
CrossCountry Intermediate HoldCo LLC 6.75% 12/1/2032 (l)
|
190,000
|
181,304
|
|
Icahn Enterprises LP / Icahn Enterprises Finance Corp 10% 11/15/2029 (l)
|
195,000
|
195,321
|
|
Icahn Enterprises LP / Icahn Enterprises Finance Corp 5.25% 5/15/2027
|
350,000
|
347,763
|
|
PennyMac Financial Services Inc 6.75% 2/15/2034 (l)
|
380,000
|
352,459
|
|
PennyMac Financial Services Inc 6.875% 5/15/2032 (l)
|
185,000
|
176,841
|
|
Rocket Cos Inc 6.125% 8/1/2030 (k)(l)
|
340,000
|
342,756
|
|
Rocket Cos Inc 6.125% 8/1/2031 (l)
|
195,000
|
195,889
|
|
Rocket Cos Inc 6.375% 8/1/2033 (k)(l)
|
360,000
|
362,140
|
|
Rocket Cos Inc 6.5% 8/1/2029 (l)
|
305,000
|
309,006
|
|
Shift4 Payments LLC / Shift4 Payments Finance Sub Inc 6.75% 8/15/2032 (l)
|
195,000
|
195,276
|
|
UWM Holdings LLC 6.25% 3/15/2031 (l)
|
190,000
|
169,527
|
|
UWM Holdings LLC 6.625% 2/1/2030 (k)(l)
|
395,000
|
366,420
|
|
Walker & Dunlop Inc 6.625% 4/1/2033 (k)(l)
|
185,000
|
185,256
|
|
WEX Inc 6.5% 3/15/2033 (l)
|
250,000
|
248,403
|
|
4,971,434
|
|||
Insurance - 1.2%
|
|||
Acrisure LLC / Acrisure Finance Inc 6.75% 7/1/2032 (l)
|
95,000
|
87,286
|
|
Acrisure LLC / Acrisure Finance Inc 7.5% 11/6/2030 (l)
|
120,000
|
116,059
|
|
Acrisure LLC / Acrisure Finance Inc 8.5% 6/15/2029 (l)
|
80,000
|
76,477
|
|
Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer 4.25% 10/15/2027 (l)
|
390,000
|
385,553
|
|
Athene Holding Ltd 6.875% 6/28/2055 (d)
|
530,000
|
500,616
|
|
CRC Insurance Group LLC 7.125% 6/1/2031 (l)
|
465,000
|
464,124
|
|
Ryan Specialty LLC 4.375% 2/1/2030 (k)(l)
|
300,000
|
289,663
|
|
Ryan Specialty LLC 5.875% 8/1/2032 (k)(l)
|
375,000
|
369,842
|
|
2,289,620
|
|||
Mortgage Real Estate Investment Trusts (REITs) - 0.5%
|
|||
Starwood Property Trust Inc 5.25% 10/15/2028 (l)
|
230,000
|
227,951
|
|
Starwood Property Trust Inc 5.875% 8/15/2029 (l)
|
205,000
|
205,343
|
|
Starwood Property Trust Inc 6.125% 6/1/2031 (l)
|
65,000
|
64,845
|
|
Starwood Property Trust Inc 6.5% 7/1/2030 (k)(l)
|
370,000
|
375,785
|
|
873,924
|
|||
TOTAL FINANCIALS
|
12,671,931
|
||
Health Care - 6.8%
|
|||
Health Care Equipment & Supplies - 1.0%
|
|||
Avantor Funding Inc 3.875% 11/1/2029 (k)(l)
|
200,000
|
190,795
|
|
Avantor Funding Inc 4.625% 7/15/2028 (l)
|
485,000
|
478,338
|
|
Insulet Corp 6.5% 4/1/2033 (l)
|
185,000
|
187,429
|
|
Medline Borrower LP 3.875% 4/1/2029 (l)
|
340,000
|
328,881
|
|
Medline Borrower LP/Medline Co-Issuer Inc 6.25% 4/1/2029 (l)
|
245,000
|
249,149
|
|
Teleflex Inc 4.25% 6/1/2028 (l)
|
390,000
|
382,011
|
|
Teleflex Inc 5.875% 1/15/2032 (l)
|
145,000
|
143,746
|
|
1,960,349
|
|||
Health Care Providers & Services - 4.2%
|
|||
Centene Corp 3.375% 2/15/2030
|
490,000
|
453,196
|
|
Centene Corp 4.625% 12/15/2029
|
645,000
|
625,738
|
|
CVS Health Corp 6.75% 12/10/2054 (d)(k)
|
225,000
|
231,825
|
|
CVS Health Corp 7% 3/10/2055 (d)
|
660,000
|
679,565
|
|
DaVita Inc 4.625% 6/1/2030 (l)
|
365,000
|
351,836
|
|
DaVita Inc 6.75% 7/15/2033 (k)(l)
|
280,000
|
287,052
|
|
DaVita Inc 6.875% 9/1/2032 (l)
|
185,000
|
190,117
|
|
HealthEquity Inc 4.5% 10/1/2029 (l)
|
395,000
|
382,860
|
|
Humana Inc 6.625% 9/15/2056 (d)
|
830,000
|
816,696
|
|
Molina Healthcare Inc 3.875% 5/15/2032 (k)(l)
|
510,000
|
456,057
|
|
Molina Healthcare Inc 6.25% 1/15/2033 (l)
|
625,000
|
618,043
|
|
Molina Healthcare Inc 6.5% 2/15/2031 (l)
|
380,000
|
383,494
|
|
Tenet Healthcare Corp 4.625% 6/15/2028 (k)
|
1,355,000
|
1,341,491
|
|
Tenet Healthcare Corp 5.5% 11/15/2032 (l)
|
385,000
|
379,066
|
|
Tenet Healthcare Corp 6.125% 6/15/2030
|
465,000
|
467,400
|
|
US Acute Care Solutions LLC 9.75% 5/15/2029 (l)
|
335,000
|
312,233
|
|
7,976,669
|
|||
Health Care Technology - 0.6%
|
|||
IQVIA Inc 5% 5/15/2027 (l)
|
480,000
|
479,410
|
|
IQVIA Inc 6.25% 6/1/2032 (l)
|
680,000
|
688,745
|
|
1,168,155
|
|||
Life Sciences Tools & Services - 0.3%
|
|||
Charles River Laboratories International Inc 3.75% 3/15/2029 (l)
|
510,000
|
487,318
|
|
Pharmaceuticals - 0.7%
|
|||
1261229 BC Ltd 10% 4/15/2032 (l)
|
580,000
|
592,904
|
|
Jazz Securities DAC 4.375% 1/15/2029 (l)
|
315,000
|
308,376
|
|
Organon & Co / Organon Foreign Debt Co-Issuer BV 4.125% 4/30/2028 (l)
|
80,000
|
78,729
|
|
Organon & Co / Organon Foreign Debt Co-Issuer BV 5.125% 4/30/2031 (k)(l)
|
350,000
|
346,416
|
|
1,326,425
|
|||
TOTAL HEALTH CARE
|
12,918,916
|
||
Industrials - 10.2%
|
|||
Aerospace & Defense - 2.4%
|
|||
ATI Inc 5.875% 6/15/2033
|
105,000
|
105,642
|
|
Axon Enterprise Inc 6.125% 3/15/2030 (l)
|
240,000
|
242,787
|
|
Axon Enterprise Inc 6.25% 3/15/2033 (l)
|
220,000
|
223,116
|
|
BWX Technologies Inc 4.125% 6/30/2028 (k)(l)
|
795,000
|
775,353
|
|
Carpenter Technology Corp 5.625% 3/1/2034 (l)
|
265,000
|
261,256
|
|
Moog Inc 5.5% 10/15/2034 (l)
|
95,000
|
91,905
|
|
TransDigm Inc 6% 1/15/2033 (l)
|
375,000
|
374,960
|
|
TransDigm Inc 6.125% 7/31/2034 (l)
|
100,000
|
98,877
|
|
TransDigm Inc 6.25% 1/31/2034 (l)
|
65,000
|
65,639
|
|
TransDigm Inc 6.375% 3/1/2029 (l)
|
255,000
|
258,068
|
|
TransDigm Inc 6.375% 5/31/2033 (l)
|
650,000
|
649,835
|
|
TransDigm Inc 6.75% 1/31/2034 (l)
|
325,000
|
330,289
|
|
TransDigm Inc 6.75% 8/15/2028 (l)
|
1,020,000
|
1,026,376
|
|
4,504,103
|
|||
Air Freight & Logistics - 0.0%
|
|||
Rand Parent LLC 8.5% 2/15/2030 (l)
|
190,000
|
194,776
|
|
Building Products - 1.4%
|
|||
Advanced Drainage Systems Inc 5.375% 3/1/2034 (l)
|
200,000
|
193,661
|
|
Builders FirstSource Inc 4.25% 2/1/2032 (l)
|
790,000
|
718,891
|
|
Builders FirstSource Inc 6.75% 5/15/2035 (l)
|
325,000
|
321,769
|
|
EMRLD Borrower LP / Emerald Co-Issuer Inc 6.625% 12/15/2030 (k)(l)
|
470,000
|
477,707
|
|
JH North America Holdings Inc 6.125% 7/31/2032 (l)
|
190,000
|
190,147
|
|
Standard Building Solutions Inc 5.875% 3/15/2034 (k)(l)
|
95,000
|
91,215
|
|
Standard Building Solutions Inc 6.25% 8/1/2033 (k)(l)
|
190,000
|
187,924
|
|
Standard Building Solutions Inc 6.5% 8/15/2032 (l)
|
135,000
|
135,258
|
|
Standard Industries Inc/NY 4.375% 7/15/2030 (l)
|
300,000
|
283,226
|
|
2,599,798
|
|||
Commercial Services & Supplies - 1.9%
|
|||
ADT Security Corp/The 4.125% 8/1/2029 (l)
|
100,000
|
95,787
|
|
Artera Services LLC 8.5% 2/15/2031 (l)
|
920,000
|
838,065
|
|
Clean Harbors Inc 5.125% 7/15/2029 (l)
|
135,000
|
133,343
|
|
Clean Harbors Inc 5.75% 10/15/2033 (l)
|
190,000
|
188,895
|
|
Clean Harbors Inc 6.375% 2/1/2031 (l)
|
330,000
|
333,385
|
|
CoreCivic Inc 8.25% 4/15/2029
|
270,000
|
280,309
|
|
GEO Group Inc/The 10.25% 4/15/2031
|
205,000
|
221,072
|
|
GEO Group Inc/The 8.625% 4/15/2029
|
270,000
|
281,473
|
|
Neptune Bidco US Inc 10.375% 5/15/2031 (l)
|
75,000
|
78,521
|
|
Neptune Bidco US Inc 9.29% 4/15/2029 (k)(l)
|
385,000
|
392,255
|
|
Neptune Bidco US Inc 9.5% 2/15/2033 (l)
|
155,000
|
157,894
|
|
Prime Security Services Borrower LLC / Prime Finance Inc 3.375% 8/31/2027 (l)
|
195,000
|
191,519
|
|
Waste Pro USA Inc 7% 2/1/2033 (l)
|
55,000
|
55,743
|
|
Williams Scotsman Inc 6.625% 4/15/2030 (k)(l)
|
365,000
|
373,210
|
|
3,621,471
|
|||
Construction & Engineering - 0.5%
|
|||
AECOM 6% 8/1/2033 (l)
|
570,000
|
566,747
|
|
Dycom Industries Inc 4.5% 4/15/2029 (l)
|
195,000
|
189,281
|
|
Granite Construction Inc 6.375% 6/15/2034 (l)
|
130,000
|
129,628
|
|
885,656
|
|||
Electrical Equipment - 0.4%
|
|||
WESCO Distribution Inc 5.25% 4/15/2031 (l)
|
225,000
|
221,252
|
|
WESCO Distribution Inc 5.5% 4/15/2034 (l)
|
235,000
|
228,293
|
|
WESCO Distribution Inc 6.375% 3/15/2033 (l)
|
290,000
|
294,865
|
|
744,410
|
|||
Ground Transportation - 0.4%
|
|||
Genesee & Wyoming Inc 6.25% 4/15/2032 (l)
|
305,000
|
306,748
|
|
XPO Inc 6.25% 6/1/2028 (l)
|
325,000
|
327,434
|
|
XPO Inc 7.125% 2/1/2032 (k)(l)
|
180,000
|
185,577
|
|
819,759
|
|||
Machinery - 0.6%
|
|||
Allison Transmission Inc 3.75% 1/30/2031 (l)
|
415,000
|
384,902
|
|
Allison Transmission Inc 5.875% 12/1/2033 (l)
|
190,000
|
187,210
|
|
Enpro Inc 6.125% 6/1/2033 (l)
|
285,000
|
285,515
|
|
Esab Corp 5.625% 4/1/2031 (l)
|
195,000
|
192,642
|
|
Esab Corp 6.25% 4/15/2029 (l)
|
130,000
|
131,376
|
|
1,181,645
|
|||
Passenger Airlines - 0.4%
|
|||
Allegiant Travel Co 7.125% 7/1/2031 (l)
|
150,000
|
151,992
|
|
American Airlines Inc 7.25% 2/15/2028 (l)
|
110,000
|
110,919
|
|
United Airlines Holdings Inc 5.375% 3/1/2031 (k)
|
490,000
|
483,580
|
|
746,491
|
|||
Professional Services - 0.5%
|
|||
Amentum Holdings Inc 7.25% 8/1/2032 (l)
|
280,000
|
287,670
|
|
CACI International Inc 6.375% 6/15/2033 (l)
|
370,000
|
372,863
|
|
Science Applications International Corp 5.875% 11/1/2033 (k)(l)
|
270,000
|
264,276
|
|
924,809
|
|||
Trading Companies & Distributors - 1.5%
|
|||
FTAI Aviation Investors LLC 5.875% 4/15/2033 (k)(l)
|
300,000
|
295,983
|
|
FTAI Aviation Investors LLC 7% 6/15/2032 (l)
|
165,000
|
168,469
|
|
FTAI Aviation Investors LLC 7.875% 12/1/2030 (l)
|
215,000
|
224,014
|
|
Herc Holdings Inc 5.75% 3/15/2031 (k)(l)
|
130,000
|
128,710
|
|
Herc Holdings Inc 6% 3/15/2034 (k)(l)
|
120,000
|
117,652
|
|
Herc Holdings Inc 7% 6/15/2030 (k)(l)
|
285,000
|
293,912
|
|
Herc Holdings Inc 7.25% 6/15/2033 (k)(l)
|
270,000
|
278,602
|
|
QXO Building Products Inc 6.5% 7/15/2031 (l)
|
95,000
|
95,385
|
|
QXO Building Products Inc 6.75% 4/30/2032 (k)(l)
|
185,000
|
188,933
|
|
QXO Building Products Inc 6.875% 7/15/2034 (l)
|
95,000
|
95,142
|
|
United Rentals North America Inc 3.75% 1/15/2032
|
350,000
|
319,582
|
|
United Rentals North America Inc 5.375% 11/15/2033 (l)
|
170,000
|
165,530
|
|
United Rentals North America Inc 6.125% 3/15/2034 (k)(l)
|
515,000
|
521,006
|
|
2,892,920
|
|||
Transportation Infrastructure - 0.2%
|
|||
Carrix Inc 6.125% 8/1/2033 (l)
|
345,000
|
343,407
|
|
TOTAL INDUSTRIALS
|
19,459,245
|
||
Information Technology - 5.5%
|
|||
Electronic Equipment, Instruments & Components - 0.8%
|
|||
Coherent Corp 5% 12/15/2029 (l)
|
785,000
|
768,113
|
|
Sensata Technologies Inc 3.75% 2/15/2031 (l)
|
465,000
|
432,715
|
|
TTM Technologies Inc 4% 3/1/2029 (l)
|
395,000
|
379,524
|
|
1,580,352
|
|||
IT Services - 1.3%
|
|||
Cogent Communications Group LLC / Cogent Finance Inc 7% 6/15/2027 (k)(l)
|
720,000
|
709,790
|
|
CoreWeave Inc 9% 2/1/2031 (l)
|
315,000
|
284,349
|
|
CoreWeave Inc 9.25% 6/1/2030 (l)
|
495,000
|
462,605
|
|
CoreWeave Inc 9.625% 7/15/2032 (l)
|
115,000
|
102,929
|
|
CoreWeave Inc 9.75% 10/1/2031 (l)
|
330,000
|
299,430
|
|
Go Daddy Operating Co LLC / GD Finance Co Inc 3.5% 3/1/2029 (k)(l)
|
705,000
|
659,628
|
|
2,518,731
|
|||
Semiconductors & Semiconductor Equipment - 0.8%
|
|||
Entegris Inc 3.625% 5/1/2029 (k)(l)
|
405,000
|
385,143
|
|
Entegris Inc 4.375% 4/15/2028 (k)(l)
|
290,000
|
284,670
|
|
Entegris Inc 5.95% 6/15/2030 (l)
|
365,000
|
365,121
|
|
ON Semiconductor Corp 3.875% 9/1/2028 (l)
|
295,000
|
284,584
|
|
Wolfspeed Inc 7% 6/15/2031 pay-in-kind (d)
|
194,740
|
166,990
|
|
1,486,508
|
|||
Software - 2.5%
|
|||
Cloud Software Group LLC 6.5% 3/31/2029 (l)
|
500,000
|
488,582
|
|
Cloud Software Group LLC 9% 9/30/2029 (l)
|
660,000
|
646,636
|
|
Crowdstrike Holdings Inc 3% 2/15/2029
|
320,000
|
304,012
|
|
Elastic NV 4.125% 7/15/2029 (l)
|
700,000
|
666,984
|
|
Ellucian Holdings Inc 6.5% 12/1/2029 (l)
|
260,000
|
250,017
|
|
Fair Isaac Corp 4% 6/15/2028 (l)
|
450,000
|
434,873
|
|
Fair Isaac Corp 6% 5/15/2033 (k)(l)
|
510,000
|
493,607
|
|
Gen Digital Inc 6.25% 4/1/2033 (k)(l)
|
215,000
|
211,645
|
|
Oracle Corp 3.6% 4/1/2040
|
290,000
|
200,626
|
|
Oracle Corp 3.8% 11/15/2037
|
590,000
|
444,655
|
|
Oracle Corp 5.35% 5/4/2033
|
195,000
|
183,247
|
|
UKG Inc 6.875% 2/1/2031 (l)
|
400,000
|
391,905
|
|
4,716,789
|
|||
Technology Hardware, Storage & Peripherals - 0.1%
|
|||
Seagate Data Storage Technology Pte Ltd 5.875% 7/15/2030
|
165,000
|
168,001
|
|
TOTAL INFORMATION TECHNOLOGY
|
10,470,381
|
||
Materials - 5.3%
|
|||
Chemicals - 1.8%
|
|||
Advancion Sciences Inc 9.25% 11/1/2026 pay-in-kind (d)(l)
|
293,543
|
234,834
|
|
Axalta Coating Systems LLC / Axalta Coating Systems Dutch Holding B BV 4.75% 6/15/2027 (l)
|
380,000
|
378,999
|
|
Axalta Coating Systems LLC 3.375% 2/15/2029 (k)(l)
|
200,000
|
190,275
|
|
Celanese US Holdings LLC 6.5% 4/15/2030 (k)
|
260,000
|
263,196
|
|
Celanese US Holdings LLC 6.75% 4/15/2033 (k)
|
75,000
|
76,453
|
|
Celanese US Holdings LLC 7% 2/15/2031 (k)
|
335,000
|
343,474
|
|
Celanese US Holdings LLC 7.375% 2/15/2034 (k)
|
185,000
|
190,299
|
|
Chemours Co/The 4.625% 11/15/2029 (k)(l)
|
130,000
|
122,679
|
|
Chemours Co/The 5.75% 11/15/2028 (l)
|
357,000
|
355,228
|
|
Chemours Co/The 7.875% 3/15/2034 (l)
|
95,000
|
92,444
|
|
LSB Industries Inc 6.25% 10/15/2028 (l)
|
210,000
|
209,546
|
|
Methanex US Operations Inc 6.25% 3/15/2032 (k)(l)
|
300,000
|
302,964
|
|
Olin Corp 6.625% 4/1/2033 (l)
|
235,000
|
229,969
|
|
Scih Salt Hldgs Inc 4.875% 5/1/2028 (l)
|
200,000
|
199,990
|
|
Scih Salt Hldgs Inc 6.625% 5/1/2029 (l)
|
95,000
|
95,000
|
|
WR Grace Holdings LLC 5.625% 8/15/2029 (l)
|
100,000
|
91,811
|
|
3,377,161
|
|||
Construction Materials - 0.5%
|
|||
Quikrete Holdings Inc 6.375% 3/1/2032 (l)
|
410,000
|
415,004
|
|
Smyrna Ready Mix Concrete LLC 8.875% 11/15/2031 (l)
|
185,000
|
193,712
|
|
VM Consolidated Inc 5.5% 4/15/2029 (l)
|
410,000
|
383,200
|
|
991,916
|
|||
Containers & Packaging - 2.1%
|
|||
Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC 3.25% 9/1/2028 (l)
|
410,000
|
394,141
|
|
Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC 4% 9/1/2029 (l)
|
320,000
|
303,794
|
|
Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC 6.25% 1/30/2031 (l)
|
200,000
|
201,348
|
|
Ball Corp 3.125% 9/15/2031
|
640,000
|
574,615
|
|
Ball Corp 5.5% 9/15/2033 (k)
|
285,000
|
283,156
|
|
Ball Corp 6% 6/15/2029 (k)
|
360,000
|
364,870
|
|
Clydesdale Acquisition Holdings Inc 6.75% 4/15/2032 (k)(l)
|
320,000
|
304,737
|
|
Clydesdale Acquisition Holdings Inc 6.875% 1/15/2030 (l)
|
455,000
|
451,088
|
|
Crown Americas LLC 5.875% 6/1/2033
|
670,000
|
668,636
|
|
Graphic Packaging International LLC 3.75% 2/1/2030 (k)(l)
|
185,000
|
172,447
|
|
Graphic Packaging International LLC 6.375% 7/15/2032 (k)(l)
|
285,000
|
284,541
|
|
4,003,373
|
|||
Metals & Mining - 0.9%
|
|||
Alcoa Nederland Holding BV 7.125% 3/15/2031 (l)
|
80,000
|
82,310
|
|
Alumina Pty Ltd 6.375% 9/15/2032 (l)
|
580,000
|
583,778
|
|
Commercial Metals Co 4.375% 3/15/2032
|
515,000
|
481,677
|
|
Commercial Metals Co 5.75% 11/15/2033 (l)
|
190,000
|
186,613
|
|
Commercial Metals Co 6% 12/15/2035 (l)
|
60,000
|
58,962
|
|
Kaiser Aluminum Corp 5.875% 3/1/2034 (l)
|
75,000
|
73,195
|
|
Novelis Corp 3.875% 8/15/2031 (k)(l)
|
210,000
|
190,615
|
|
1,657,150
|
|||
TOTAL MATERIALS
|
10,029,600
|
||
Real Estate - 2.2%
|
|||
Diversified REITs - 0.1%
|
|||
GLP Capital LP / GLP Financing II Inc 5.625% 3/1/2036
|
270,000
|
258,886
|
|
Hotel & Resort REITs - 0.6%
|
|||
Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer 4.875% 5/15/2029 (l)
|
440,000
|
428,861
|
|
Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer 7% 2/1/2030 (k)(l)
|
150,000
|
152,425
|
|
RHP Hotel Properties LP / RHP Finance Corp 5.75% 3/15/2034 (l)
|
170,000
|
166,477
|
|
RHP Hotel Properties LP / RHP Finance Corp 6.5% 4/1/2032 (l)
|
260,000
|
264,401
|
|
RHP Hotel Properties LP / RHP Finance Corp 6.5% 6/15/2033 (l)
|
205,000
|
208,579
|
|
1,220,743
|
|||
Real Estate Management & Development - 0.6%
|
|||
Howard Hughes Corp/The 4.375% 2/1/2031 (k)(l)
|
540,000
|
504,641
|
|
Kennedy-Wilson Inc 7% 6/1/2031 (l)
|
450,000
|
458,237
|
|
Taylor Morrison Communities Inc 5.75% 11/15/2032 (l)
|
95,000
|
97,241
|
|
1,060,119
|
|||
Specialized REITs - 0.9%
|
|||
Iron Mountain Inc 4.875% 9/15/2029 (l)
|
485,000
|
473,181
|
|
Millrose Properties Inc 6.375% 8/1/2030 (l)
|
475,000
|
478,512
|
|
SBA Communications Corp 3.125% 2/1/2029
|
40,000
|
38,192
|
|
SBA Communications Corp 3.875% 2/15/2027
|
750,000
|
745,049
|
|
1,734,934
|
|||
TOTAL REAL ESTATE
|
4,274,682
|
||
Utilities - 6.1%
|
|||
Electric Utilities - 4.8%
|
|||
American Electric Power Co Inc 5.8% 3/15/2056 (d)
|
200,000
|
196,428
|
|
American Electric Power Co Inc 6.05% 3/15/2056 (d)
|
200,000
|
196,546
|
|
Clearway Energy Operating LLC 3.75% 2/15/2031 (l)
|
505,000
|
463,235
|
|
Clearway Energy Operating LLC 4.75% 3/15/2028 (l)
|
195,000
|
192,448
|
|
Clearway Energy Operating LLC 5.75% 1/15/2034 (l)
|
275,000
|
265,169
|
|
Edison International 7.875% 6/15/2054 (d)
|
251,000
|
259,022
|
|
Edison International 8.125% 6/15/2053 (d)
|
75,000
|
76,732
|
|
Eversource Energy 6.1% 8/15/2056 (d)
|
200,000
|
198,879
|
|
Eversource Energy 6.35% 8/15/2056 (d)
|
140,000
|
139,326
|
|
Hawaiian Electric Co Inc 6% 10/1/2033 (l)
|
140,000
|
137,340
|
|
NRG Energy Inc 5.25% 6/15/2029 (l)
|
725,000
|
718,123
|
|
NRG Energy Inc 5.75% 1/15/2034 (l)
|
480,000
|
467,474
|
|
NRG Energy Inc 5.875% 5/15/2034 (l)
|
110,000
|
107,987
|
|
NRG Energy Inc 6% 1/15/2036 (l)
|
675,000
|
660,403
|
|
NRG Energy Inc 6% 2/1/2033 (l)
|
200,000
|
199,399
|
|
NRG Energy Inc 6.125% 5/15/2036 (l)
|
115,000
|
113,517
|
|
NRG Energy Inc 6.25% 11/1/2034 (l)
|
795,000
|
792,906
|
|
PG&E Corp 5% 7/1/2028
|
195,000
|
193,159
|
|
PG&E Corp 6.85% 9/15/2056 (d)
|
304,000
|
300,828
|
|
PG&E Corp 7.375% 3/15/2055 (d)
|
743,000
|
754,457
|
|
Sierra Pacific Power Co 6.2% 12/15/2055 (d)
|
480,000
|
470,887
|
|
Sierra Pacific Power Co 6.375% 9/15/2056 (d)
|
390,000
|
387,823
|
|
Vistra Operations Co LLC 5% 4/30/2031 (l)
|
68,000
|
66,955
|
|
Vistra Operations Co LLC 5.25% 4/30/2033 (l)
|
72,000
|
70,397
|
|
Vistra Operations Co LLC 7.75% 10/15/2031 (l)
|
625,000
|
651,573
|
|
Xcel Energy Inc 5.75% 12/3/2056 (d)
|
490,000
|
480,546
|
|
XPLR Infrastructure Operating Partners LP 7.25% 1/15/2029 (k)(l)
|
185,000
|
190,788
|
|
XPLR Infrastructure Operating Partners LP 7.75% 4/15/2034 (k)(l)
|
220,000
|
230,391
|
|
XPLR Infrastructure Operating Partners LP 8.375% 1/15/2031 (k)(l)
|
160,000
|
170,052
|
|
9,152,790
|
|||
Independent Power and Renewable Electricity Producers - 0.8%
|
|||
Alpha Generation LLC 6.25% 1/15/2034 (l)
|
250,000
|
244,299
|
|
Alpha Generation LLC 6.75% 10/15/2032 (l)
|
370,000
|
373,226
|
|
Sunnova Energy Corp 5.875% (f)(g)(l)
|
280,000
|
699
|
|
Talen Energy Supply LLC 6.25% 2/1/2034 (l)
|
425,000
|
416,845
|
|
Talen Energy Supply LLC 6.5% 2/1/2036 (l)
|
445,000
|
439,449
|
|
1,474,518
|
|||
Multi-Utilities - 0.5%
|
|||
Dominion Energy Inc 6.15% 12/15/2056 (d)
|
485,000
|
479,812
|
|
Sempra 6.375% 4/1/2056 (d)
|
475,000
|
476,474
|
|
956,286
|
|||
TOTAL UTILITIES
|
11,583,594
|
||
TOTAL UNITED STATES
|
146,044,551
|
||
ZAMBIA - 0.4%
|
|||
Materials - 0.4%
|
|||
Metals & Mining - 0.4%
|
|||
First Quantum Minerals Ltd 6.375% 2/15/2036 (l)
|
200,000
|
192,760
|
|
First Quantum Minerals Ltd 7.25% 2/15/2034 (l)
|
200,000
|
203,313
|
|
First Quantum Minerals Ltd 8% 3/1/2033 (l)
|
440,000
|
456,249
|
|
TOTAL ZAMBIA
|
852,322
|
||
|
TOTAL NON-CONVERTIBLE CORPORATE BONDS
(Cost $162,029,092)
|
160,832,485
|
||
Preferred Securities - 5.9%
|
|||
Principal
Amount (a)
|
Value ($)
|
||
FRANCE - 0.4%
|
|||
Financials - 0.4%
|
|||
Banks - 0.4%
|
|||
BNP Paribas SA 6.875% (d)(j)(l)
|
290,000
|
289,801
|
|
BNP Paribas SA 7.2% (d)(j)(l)
|
295,000
|
299,007
|
|
BNP Paribas SA 7.45% (d)(j)(l)
|
285,000
|
290,883
|
|
TOTAL FRANCE
|
879,691
|
||
UNITED KINGDOM - 0.7%
|
|||
Financials - 0.7%
|
|||
Banks - 0.7%
|
|||
Barclays PLC 7.625% (d)(j)
|
475,000
|
495,595
|
|
HSBC Holdings PLC 6.75% (d)(j)
|
200,000
|
205,822
|
|
HSBC Holdings PLC 7% (d)(j)
|
200,000
|
207,705
|
|
HSBC Holdings PLC 7.05% (d)(j)
|
340,000
|
350,519
|
|
TOTAL UNITED KINGDOM
|
1,259,641
|
||
UNITED STATES - 4.8%
|
|||
Energy - 1.0%
|
|||
Oil, Gas & Consumable Fuels - 1.0%
|
|||
Energy Transfer LP Series G, 7.125% (d)(j)(k)
|
655,000
|
682,154
|
|
Plains All American Pipeline LP CME Term SOFR 3 month Index + 4.3716%, 8.0227% (c)(d)(j)
|
495,000
|
503,362
|
|
Sunoco LP 7.875% (d)(j)(l)
|
610,000
|
643,002
|
|
TOTAL ENERGY
|
1,828,518
|
||
Financials - 3.8%
|
|||
Banks - 2.7%
|
|||
Bank of America Corp 6.25% (d)(j)
|
665,000
|
666,321
|
|
BW Real Estate Inc 9.5% (d)(j)(l)
|
185,000
|
187,510
|
|
Citigroup Inc 6.5% (d)(j)
|
430,000
|
435,161
|
|
Citigroup Inc 6.625% (d)(j)
|
385,000
|
392,154
|
|
Citigroup Inc 6.75% (d)(j)
|
395,000
|
401,095
|
|
Citigroup Inc 6.875% (d)(j)
|
380,000
|
389,208
|
|
Citigroup Inc 7.125% (d)(j)(k)
|
355,000
|
366,407
|
|
JPMorgan Chase & Co 6.1% (d)(j)
|
650,000
|
650,650
|
|
JPMorgan Chase & Co 6.5% (d)(j)
|
390,000
|
398,119
|
|
Truist Financial Corp 6.25% (d)(j)
|
330,000
|
331,220
|
|
Wells Fargo & Co 6.125% (d)(j)
|
585,000
|
589,177
|
|
Wells Fargo & Co 7.625% (d)(j)(k)
|
320,000
|
337,907
|
|
5,144,929
|
|||
Capital Markets - 0.9%
|
|||
Bank of New York Mellon Corp/The 5.625% (d)(j)(k)
|
390,000
|
387,746
|
|
Charles Schwab Corp/The 4% (d)(j)
|
215,000
|
199,970
|
|
Goldman Sachs Group Inc/The 6.5% (d)(j)
|
480,000
|
476,393
|
|
Goldman Sachs Group Inc/The 6.85% (d)(j)
|
465,000
|
485,752
|
|
1,549,861
|
|||
Consumer Finance - 0.2%
|
|||
Ally Financial Inc 4.7% (d)(j)(k)
|
100,000
|
97,618
|
|
Ally Financial Inc 7.1% (d)(j)
|
350,000
|
358,220
|
|
455,838
|
|||
TOTAL FINANCIALS
|
7,150,628
|
||
TOTAL UNITED STATES
|
8,979,146
|
||
|
TOTAL PREFERRED SECURITIES
(Cost $10,877,088)
|
11,118,478
|
||
Money Market Funds - 8.9%
|
||||
Yield (%)
|
Shares
|
Value ($)
|
||
Fidelity Cash Central Fund (m)
|
3.69
|
2,553,914
|
2,554,425
|
|
Fidelity Securities Lending Cash Central Fund (m)(n)
|
3.72
|
14,343,515
|
14,344,949
|
|
|
TOTAL MONEY MARKET FUNDS
(Cost $16,899,374)
|
16,899,374
|
|||
|
TOTAL INVESTMENT IN SECURITIES - 106.6%
(Cost $204,308,808)
|
202,566,062
|
NET OTHER ASSETS (LIABILITIES) - (6.6)%
|
(12,515,754)
|
NET ASSETS - 100.0%
|
190,050,308
|
(a)
|
Amount is stated in United States dollars unless otherwise noted.
|
(b)
|
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.
|
(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)
|
Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.
|
(e)
|
A coupon rate of 0% signifies an unsettled loan. The coupon rate will be determined upon settlement of the loan after period end.
|
(f)
|
Level 3 security.
|
(g)
|
Non-income producing - Security is in default.
|
(h)
|
Position or a portion of the position represents an unfunded loan commitment. At period end, the total principal amount and market value of unfunded commitments totaled $110,458 and $110,182, respectively.
|
(i)
|
Non-income producing.
|
(j)
|
Security is perpetual in nature with no stated maturity date.
|
(k)
|
Security or a portion of the security is on loan at period end.
|
(l)
|
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 $131,488,061 or 69.2% of net assets.
|
(m)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
(n)
|
Investment made with cash collateral received from securities on loan.
|
Affiliate
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
Shares,
end
of period
|
Fidelity Cash Central Fund
|
6,593,151
|
11,469,201
|
15,507,650
|
31,017
|
(277)
|
-
|
2,554,425
|
2,553,914
|
Fidelity Securities Lending Cash Central Fund
|
15,984,562
|
15,395,452
|
17,035,065
|
10,205
|
-
|
-
|
14,344,949
|
14,343,515
|
22,577,713
|
26,864,653
|
32,542,715
|
41,222
|
(277)
|
-
|
16,899,374
|