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Schedule of Investments (Unaudited)
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(Stated in United States Dollars, unless otherwise noted)
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(in thousands, except share data)
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Issuer
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Asset
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Reference Rate & Spread
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Maturity
Date
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Currency
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Par
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Fair Value
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Footnotes
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Leveraged Loans - 60.13%
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Aerospace & Defense - 0.72%
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Amentum Services Inc
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TL 2L B 12/21
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SOFR + 7.50%
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2/15/2030
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USD
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1,949
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$ |
1,961
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Vertex Aerospace Services LLC
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TL 1L B 12/21
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SOFR + 2.75%
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12/6/2030
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USD
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676
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679
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Alternative Carriers - 2.03%
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Level 3 Financing Inc
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TL 1L B1 03/24 (2029 Maturity)
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SOFR + 6.56%
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4/15/2029
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USD
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2,868
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2,850
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Level 3 Financing Inc
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TL 1L B2 03/24 (2030 Maturity)
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SOFR + 6.56%
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4/15/2030
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USD
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4,680
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4,633
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Apparel, Accessories & Luxury Goods - 4.68%
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Varsity Brands LLC
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TL 1L 02/23
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SOFR + 5.00%
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12/15/2026
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USD
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16,425
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17,254
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Application Software - 5.63%
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Solera LLC
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TL 2L 06/21 (PIK Toggle)
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SOFR + 9.00%
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6/4/2029
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USD
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11,527
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11,527
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(a) (b) (d)
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TIBCO Software Inc
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TL 1L B 05/24 USD
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SOFR + 4.00%
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3/30/2029
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USD
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9,253
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9,260
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Automotive Parts & Equipment - 3.67%
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Innovative XCessories & Services LLC
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TL 1L 02/20
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SOFR + 4.25%
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3/5/2027
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USD
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7,904
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7,749
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Parts Authority Inc
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TL 1L 10/20
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SOFR + 3.75%
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10/28/2027
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USD
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5,339
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4,879
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Wheel Pros Inc
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TL 1L 09/23 (FILO)
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SOFR + 8.88%
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2/10/2028
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USD
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508
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537
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(a) (e)
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Wheel Pros Inc
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TL 1L 09/23 (NewCo)
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SOFR + 4.50%
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5/11/2028
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USD
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690
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379
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(a) (e)
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Broadcasting - 4.43%
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NEP Broadcasting LLC
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TL 1L 12/23 (2020 A&E)
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1.50% PIK, SOFR + 8.25%
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6/1/2026
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USD
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1,608
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1,640
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(b) (d)
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NEP Broadcasting LLC
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TL 1L B 12/23 (2019 A&E EUR)
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1.50% PIK, EURIBOR + 3.50%
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8/19/2026
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EUR
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6,764
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6,856
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(d)
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NEP Broadcasting LLC
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TL 1L B 12/23 (2019 A&E)
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1.50% PIK, SOFR + 3.25%
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8/19/2026
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USD
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1,784
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1,689
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(d)
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NEP Broadcasting LLC
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TL 2L 09/18
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SOFR + 7.00%
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10/19/2026
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USD
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7,495
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6,175
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Building Products - 0.38%
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DiversiTech Holdings Inc
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TL 2L B 12/21
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SOFR + 6.75%
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12/21/2029
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USD
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1,381
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1,407
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Cable & Satellite - 2.20%
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Astound Broadband (RCN/Radiate)
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TL 1L B 10/21
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SOFR + 3.25%
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9/25/2026
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USD
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8,603
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7,186
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Virgin Media Inc
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TL 1L 09/19
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SOFR + 2.50%
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1/31/2028
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USD
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947
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914
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Casinos & Gaming - 0.11%
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Entain PLC
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TL 1L B 04/24
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SOFR + 2.75%
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10/31/2029
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USD
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391
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392
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Commercial Printing - 1.50%
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Multi-Color Corp
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TL 1L B 10/21 EUR
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EURIBOR + 5.00%
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10/29/2028
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EUR
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5,399
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5,531
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Commodity Chemicals - 1.83%
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Plaskolite, LLC
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TL 1L 04/21
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SOFR + 4.00%
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12/15/2025
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USD
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6,933
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6,744
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Construction & Engineering - 0.75%
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Brand Energy & Infrastructure Services Inc
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TL 1L B 04/24
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SOFR + 4.50%
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8/1/2030
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USD
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2,750
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2,757
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Construction Machinery & Heavy Transportation Equipment - 1.28%
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Accuride Corp
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TL 1L 06/24
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SOFR + 8.00%
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9/30/2024
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USD
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972
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926
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(a) (b)
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Accuride Corp
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TL 1L B 07/23
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1.62% PIK, SOFR + 5.25%
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5/18/2026
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USD
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5,537
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3,787
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(a) (d) (e)
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Data Processing & Outsourced Services - 2.39%
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West Corp
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TL 1L B3 01/23
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SOFR + 4.00%
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4/10/2027
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USD
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9,065
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8,807
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Diversified Metals & Mining - 0.58%
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Foresight Energy LLC
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TL 1L A 06/20 (Exit)
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SOFR + 8.00%
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6/30/2027
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USD
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2,131
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2,131
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(a) (b)
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Diversified Support Services - 1.35%
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USIC Holdings Inc
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TL 2L 05/21
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SOFR + 6.50%
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5/14/2029
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USD
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5,162
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4,973
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(a)
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Education Services - 0.44%
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Jostens Inc
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TL 1L 12/18
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SOFR + 5.50%
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12/19/2025
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USD
|
1,619
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|
1,628
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Electronic Components - 0.07%
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CommScope Inc
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TL 1L B2 01/19
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SOFR + 3.25%
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4/6/2026
|
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USD
|
287
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|
270
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Environmental & Facilities Services - 0.75%
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Brock Group LLC/The
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TL 1L B 04/24
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SOFR + 6.00%
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5/2/2030
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USD
|
2,741
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|
2,765
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Health Care Equipment - 2.42%
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Drive DeVilbiss Healthcare LLC
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TL 1L 03/21
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4.00% PIK, SOFR + 5.50%
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6/1/2026
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USD
|
7,871
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|
7,758
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(d)
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Drive DeVilbiss Healthcare LLC
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TL 1L 09/22 (PIK)
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9.00% PIK, SOFR + 10.00%
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6/1/2026
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USD
|
1,132
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|
1,151
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(b) (d)
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Health Care Facilities - 0.22%
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ScionHealth
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TL 1L B 12/21
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SOFR + 5.25%
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|
12/23/2028
|
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USD
|
1,703
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|
|
817
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Health Care Services - 0.25%
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CHG Healthcare Services Inc
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TL 1L 09/21
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SOFR + 3.25%
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9/29/2028
|
|
USD
|
909
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|
|
911
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Paradigm Acquisition Corp
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TL 1L 03/24
|
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SOFR + 4.25%
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5/6/2031
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USD
|
6
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|
6
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Hotels, Resorts & Cruise Lines - 0.55%
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Playa Resorts Holding BV
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TL 1L B 11/22
|
|
SOFR + 2.75%
|
|
1/5/2029
|
|
USD
|
1,265
|
|
|
1,267
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|
|
Travel + Leisure Co
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|
TL 1L B1 12/23
|
|
SOFR + 3.25%
|
|
12/14/2029
|
|
USD
|
763
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|
|
767
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Human Resource & Employment Services - 0.62%
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SIRVA Worldwide Inc
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TL 1L 03/24
|
|
SOFR + 8.00%
|
|
3/6/2026
|
|
USD
|
146
|
|
|
139
|
(a) (b)
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|
SIRVA Worldwide Inc
|
|
TL 1L 07/18
|
|
SOFR + 5.50%
|
|
8/4/2025
|
|
USD
|
1,909
|
|
|
1,380
|
(a)
|
|
SIRVA Worldwide Inc
|
|
TL 1L DD 03/24
|
|
SOFR + 8.00%
|
|
3/6/2026
|
|
USD
|
151
|
|
|
144
|
(a) (b)
|
|
SIRVA Worldwide Inc
|
|
TL 2L 07/18
|
|
9.50% PIK
|
|
8/3/2026
|
|
USD
|
1,239
|
|
|
641
|
(a) (e)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Industrial Machinery & Supplies & Components - 0.23%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Engineered Machinery Holdings Inc
|
|
TL 2L 08/21
|
|
SOFR + 6.00%
|
|
5/21/2029
|
|
USD
|
290
|
|
|
291
|
|
|
ProMach Group Inc
|
|
TL 1L B 08/21
|
|
SOFR + 3.50%
|
|
8/31/2028
|
|
USD
|
541
|
|
|
543
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Insurance Brokers - 0.69%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ardonagh Group Ltd/The
|
|
TL 1L B 06/24 EUR
|
|
EURIBOR + 4.25%
|
|
2/27/2031
|
|
EUR
|
2,365
|
|
|
2,554
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
IT Consulting & Other Services - 3.73%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PSAV Inc (aka Encore)
|
|
TL 1L B1 12/20
|
|
0.25% PIK, SOFR + 3.00%
|
|
3/3/2025
|
|
USD
|
6,637
|
|
|
6,620
|
(d)
|
|
PSAV Inc (aka Encore)
|
|
TL 1L B3 12/20
|
|
10.00% PIK, 5.00%
|
|
10/15/2026
|
|
USD
|
2,466
|
|
|
2,530
|
(d)
|
|
PSAV Inc (aka Encore)
|
|
TL 2L 02/18
|
|
SOFR + 7.25%
|
|
9/1/2025
|
|
USD
|
4,610
|
|
|
4,625
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Leisure Facilities - 5.22%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aimbridge Acquisition Co Inc
|
|
TL 1L B 09/20
|
|
SOFR + 4.75%
|
|
2/2/2026
|
|
USD
|
873
|
|
|
864
|
|
|
Aimbridge Acquisition Co Inc
|
|
TL 1L B 10/19
|
|
SOFR + 3.75%
|
|
2/2/2026
|
|
USD
|
9,861
|
|
|
9,663
|
|
|
ClubCorp Club Operations Inc
|
|
TL 1L 10/23
|
|
SOFR + 5.00%
|
|
9/18/2026
|
|
USD
|
8,650
|
|
|
8,717
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Leisure Products - 0.12%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Topgolf Callaway Brands Corp
|
|
TL 1L B 03/23
|
|
SOFR + 3.00%
|
|
3/15/2030
|
|
USD
|
441
|
|
|
443
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oil & Gas Equipment & Services - 0.45%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
WaterBridge NDB Operating LLC
|
|
TL 1L B 04/24
|
|
SOFR + 4.50%
|
|
5/10/2029
|
|
USD
|
1,649
|
|
|
1,657
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oil & Gas Storage & Transportation - 2.83%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Brazos Midstream Holdings LLC
|
|
TL 1L B 04/24
|
|
SOFR + 3.50%
|
|
2/11/2030
|
|
USD
|
1,038
|
|
|
1,045
|
|
|
NGL Energy Partners LP / NGL Energy Finance Corp
|
|
TL 1L B 01/24
|
|
SOFR + 4.50%
|
|
2/3/2031
|
|
USD
|
2,678
|
|
|
2,679
|
|
|
NGL Energy Partners LP / NGL Energy Finance Corp
|
|
TL 1L B 07/24
|
|
SOFR + 4.00%
|
|
2/2/2031
|
|
USD
|
1,224
|
|
|
1,224
|
|
|
Oryx Midstream Services LLC
|
|
TL 1L B 01/24
|
|
SOFR + 3.00%
|
|
10/5/2028
|
|
USD
|
1,797
|
|
|
1,806
|
|
|
UGI Energy Services LLC
|
|
TL 1L B 06/24
|
|
SOFR + 2.50%
|
|
2/22/2030
|
|
USD
|
934
|
|
|
938
|
|
|
WaterBridge Midstream Operating LLC
|
|
TL 1L B 06/24
|
|
SOFR + 4.75%
|
|
6/27/2029
|
|
USD
|
2,754
|
|
|
2,747
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Publishing - 0.41%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Emerald Expositions Holding Inc
|
|
TL 1L B 05/17
|
|
SOFR + 5.00%
|
|
5/22/2026
|
|
USD
|
1,482
|
|
|
1,494
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Renewable Electricity - 0.75%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
WIN Waste Innovations
|
|
TL 1L B 03/21
|
|
SOFR + 2.75%
|
|
3/24/2028
|
|
USD
|
2,972
|
|
|
2,780
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research & Consulting Services - 0.10%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
KBR Inc
|
|
TL 1L 01/24
|
|
SOFR + 2.25%
|
|
1/17/2031
|
|
USD
|
355
|
|
|
356
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Specialized Finance - 0.18%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Alter Domus Sarl
|
|
TL 1L B 05/24
|
|
SOFR + 3.50%
|
|
7/17/2031
|
|
USD
|
649
|
|
|
653
|
|
|
Alter Domus Sarl
|
|
TL 1L DD 05/24
|
|
SOFR + 3.50%
|
|
5/14/2031
|
|
USD
|
48
|
|
|
-
|
(h)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Specialty Chemicals - 6.13%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aruba Investments Inc
|
|
TL 2L 10/20
|
|
SOFR + 7.75%
|
|
11/24/2028
|
|
USD
|
1,437
|
|
|
1,386
|
|
|
Champion/DSM engg
|
|
TL 1L B1 03/23
|
|
EURIBOR + 5.50%
|
|
3/29/2030
|
|
EUR
|
1,942
|
|
|
2,036
|
|
|
Champion/DSM engg
|
|
TL 1L B1 03/23 (USD)
|
|
SOFR + 5.50%
|
|
3/29/2030
|
|
USD
|
7,798
|
|
|
7,342
|
|
|
Flint Group GmbH
|
|
TL 1L 09/23 PIK (HoldCo) EUR
|
|
6.90% PIK, EURIBOR + 10.00%
|
|
12/30/2027
|
|
EUR
|
421
|
|
|
407
|
(d)
|
|
Flint Group GmbH
|
|
TL 2L B 09/23 PIK (HoldCo) EUR
|
|
6.90% PIK, EURIBOR + 10.00%
|
|
12/30/2027
|
|
EUR
|
561
|
|
|
118
|
(d)
|
|
Vantage Specialty Chemicals Inc
|
|
TL 1L B 02/23
|
|
SOFR + 4.75%
|
|
10/26/2026
|
|
USD
|
11,307
|
|
|
11,314
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Systems Software - 0.25%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SolarWinds Holdings Inc
|
|
TL 1L B 06/24
|
|
SOFR + 2.75%
|
|
2/5/2030
|
|
USD
|
934
|
|
|
939
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trading Companies & Distributors - 0.21%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FleetPride Corporation
|
|
TL 2L 01/19
|
|
SOFR + 8.75%
|
|
12/21/2026
|
|
USD
|
309
|
|
|
308
|
|
|
Univar Inc
|
|
TL 1L B 03/24
|
|
SOFR + 4.00%
|
|
8/1/2030
|
|
USD
|
479
|
|
|
484
|
|
|
TOTAL LEVERAGED LOANS (Amortized cost $223,258)
|
|
|
|
|
|
|
|
|
|
|
$ |
221,830
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
High Yield Securities - 76.35%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aerospace & Defense - 0.31%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amentum Services Inc
|
|
7.250% 08/2032
|
|
|
|
8/1/2032
|
|
USD
|
711
|
|
$ |
727
|
(f)
|
|
Aviation Capital Group LLC
|
|
5.500% 12/2024
|
|
|
|
12/15/2024
|
|
USD
|
410
|
|
|
409
|
(f)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Air Freight & Logistics - 0.23%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SGL International A/S
|
|
4.75% 04/2030 FRN EUR
|
|
|
|
4/22/2030
|
|
EUR
|
787
|
|
|
860
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Alternative Carriers - 4.48%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
iliad SA
|
|
8.500% 04/2031 (USD)
|
|
|
|
4/15/2031
|
|
USD
|
2,446
|
|
|
2,550
|
(f)
|
|
Level 3 Financing Inc
|
|
11.000% 11/2029
|
|
|
|
11/15/2029
|
|
USD
|
6,720
|
|
|
7,122
|
(f)
|
|
Level 3 Financing Inc
|
|
4.000% 04/2031
|
|
|
|
4/15/2031
|
|
USD
|
5,089
|
|
|
3,257
|
(f)
|
|
Zayo Group LLC
|
|
4.000% 03/2027
|
|
|
|
3/1/2027
|
|
USD
|
4,221
|
|
|
3,594
|
(f)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Application Software - 2.11%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cision Ltd
|
|
9.500% 02/2028
|
|
|
|
2/15/2028
|
|
USD
|
6,449
|
|
|
3,074
|
(f)
|
|
Dye & Durham Ltd
|
|
8.625% 04/2029
|
|
|
|
4/15/2029
|
|
USD
|
1,965
|
|
|
2,012
|
(f)
|
|
TeamSystem SpA
|
|
3.500% 02/2028
|
|
|
|
2/15/2028
|
|
EUR
|
640
|
|
|
666
|
(f)
|
|
TIBCO Software Inc
|
|
9.000% 09/2029
|
|
|
|
9/30/2029
|
|
USD
|
2,044
|
|
|
2,034
|
(f)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Asset Management & Custody Banks - 0.43%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hightower Holding LLC
|
|
9.125% 01/2030
|
|
|
|
1/31/2030
|
|
USD
|
1,564
|
|
|
1,590
|
(f)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Automotive Parts & Equipment - 1.79%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Clarios Global LP
|
|
4.375% 05/2026
|
|
|
|
5/15/2026
|
|
EUR
|
816
|
|
|
883
|
(f)
|
|
Garrett Motion Inc
|
|
7.750% 05/2032
|
|
|
|
5/31/2032
|
|
USD
|
650
|
|
|
661
|
(f)
|
|
IHO Verwaltungs GmbH
|
|
3.750% 09/2026
|
|
|
|
9/15/2026
|
|
EUR
|
851
|
|
|
912
|
(d) (f)
|
|
Truck Hero Inc
|
|
6.250% 02/2029
|
|
|
|
2/1/2029
|
|
USD
|
2,910
|
|
|
2,502
|
(f)
|
|
Wheel Pros Inc
|
|
6.500% 05/2028
|
|
|
|
5/11/2028
|
|
USD
|
5,638
|
|
|
1,635
|
(a) (b) (e) (f)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Automotive Retail - 1.25%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mavis Discount Tire Inc
|
|
6.500% 05/2029
|
|
|
|
5/15/2029
|
|
USD
|
4,846
|
|
|
4,623
|
(f)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Building Products - 10.86%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Acproducts Inc (aka Cabinetworks)
|
|
6.375% 05/2029
|
|
|
|
5/15/2029
|
|
USD
|
11,955
|
|
|
7,203
|
(f)
|
|
Cornerstone (Ply Gem Holdings Inc)
|
|
6.125% 01/2029
|
|
|
|
1/15/2029
|
|
USD
|
12,085
|
|
|
9,969
|
(f)
|
|
LBM Borrower LLC
|
|
6.250% 01/2029
|
|
|
|
1/15/2029
|
|
USD
|
2,171
|
|
|
1,920
|
(f)
|
|
Oldcastle Buildingenvelope Inc
|
|
9.500% 04/2030
|
|
|
|
4/15/2030
|
|
USD
|
13,393
|
|
|
12,549
|
(f)
|
|
PrimeSource Building Products Inc
|
|
5.625% 02/2029
|
|
|
|
2/1/2029
|
|
USD
|
4,654
|
|
|
3,797
|
(f)
|
|
PrimeSource Building Products Inc
|
|
6.750% 08/2029
|
|
|
|
8/1/2029
|
|
USD
|
4,980
|
|
|
4,187
|
(f)
|
|
Specialty Building Products Holdings LLC
|
|
6.375% 09/2026
|
|
|
|
9/30/2026
|
|
USD
|
426
|
|
|
420
|
(a) (f)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cable & Satellite - 4.67%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Block Communications Inc
|
|
4.875% 03/2028
|
|
|
|
3/1/2028
|
|
USD
|
4,580
|
|
|
4,189
|
(f)
|
|
Cable One Inc
|
|
0.000% 03/2026 (Convertible)
|
|
|
|
3/15/2026
|
|
USD
|
6,731
|
|
|
6,024
|
(c)
|
|
Cable One Inc
|
|
4.000% 11/2030
|
|
|
|
11/15/2030
|
|
USD
|
1,799
|
|
|
1,385
|
(f)
|
|
Cablevision Lightpath LLC
|
|
5.625% 09/2028
|
|
|
|
9/15/2028
|
|
USD
|
1,048
|
|
|
891
|
(f)
|
|
CSC Holdings LLC (Altice USA)
|
|
11.750% 01/2029
|
|
|
|
1/31/2029
|
|
USD
|
608
|
|
|
550
|
(f)
|
|
CSC Holdings LLC (Altice USA)
|
|
4.125% 12/2030
|
|
|
|
12/1/2030
|
|
USD
|
5,589
|
|
|
3,875
|
(f)
|
|
CSC Holdings LLC (Altice USA)
|
|
5.000% 11/2031
|
|
|
|
11/15/2031
|
|
USD
|
806
|
|
|
324
|
(f)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Casinos & Gaming - 0.49%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allwyn International AS
|
|
3.875% 02/2027
|
|
|
|
2/15/2027
|
|
EUR
|
821
|
|
|
879
|
(f)
|
|
Cirsa Funding Luxembourg SA
|
|
5.000% 03/2027
|
|
|
|
3/15/2027
|
|
EUR
|
856
|
|
|
917
|
(f)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Printing - 2.25%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Multi-Color Corp
|
|
10.500% 07/2027
|
|
|
|
7/15/2027
|
|
USD
|
3,714
|
|
|
3,621
|
(f)
|
|
Multi-Color Corp
|
|
5.875% 10/2028
|
|
|
|
11/1/2028
|
|
USD
|
1,197
|
|
|
1,108
|
(f)
|
|
Multi-Color Corp
|
|
6.750% 07/2026
|
|
|
|
7/15/2026
|
|
USD
|
1,899
|
|
|
1,890
|
(f)
|
|
Multi-Color Corp
|
|
8.250% 11/2029
|
|
|
|
11/1/2029
|
|
USD
|
432
|
|
|
379
|
(f)
|
|
Multi-Color Corp
|
|
9.500% 11/2028
|
|
|
|
11/1/2028
|
|
USD
|
1,302
|
|
|
1,317
|
(f)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commodity Chemicals - 0.94%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ineos Quattro Holdings Ltd
|
|
2.500% 01/2026
|
|
|
|
1/15/2026
|
|
EUR
|
858
|
|
|
905
|
(f)
|
|
Nobian Finance BV
|
|
3.625% 07/2026
|
|
|
|
7/15/2026
|
|
EUR
|
819
|
|
|
874
|
(f)
|
|
SI Group Inc
|
|
6.750% 05/2026
|
|
|
|
5/15/2026
|
|
USD
|
6,041
|
|
|
1,689
|
(a) (f)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction & Engineering - 4.55%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Brand Energy & Infrastructure Services Inc
|
|
10.375% 06/2029
|
|
|
|
8/1/2030
|
|
USD
|
5,146
|
|
|
5,657
|
(f)
|
|
Maxim Crane Works LP / Maxim Finance Corp
|
|
11.500% 09/2028
|
|
|
|
9/1/2028
|
|
USD
|
9,923
|
|
|
10,220
|
(f)
|
|
thyssenkrupp Elevator AG
|
|
6.625% 07/2028 SUN
|
|
|
|
7/15/2028
|
|
EUR
|
862
|
|
|
912
|
(f)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer Finance - 0.11%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Navient Corp
|
|
5.875% 10/2024
|
|
|
|
10/25/2024
|
|
USD
|
413
|
|
|
412
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diversified Chemicals - 0.62%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Chemours Co/The
|
|
4.000% 05/2026 SUN EUR
|
|
|
|
5/15/2026
|
|
EUR
|
845
|
|
|
893
|
|
|
Chemours Co/The
|
|
4.625% 11/2029
|
|
|
|
11/15/2029
|
|
USD
|
1,245
|
|
|
1,092
|
(f)
|
|
Chemours Co/The
|
|
5.375% 05/2027
|
|
|
|
5/15/2027
|
|
USD
|
320
|
|
|
308
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diversified Support Services - 0.21%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allied Universal Holdco LLC
|
|
6.625% 07/2026
|
|
|
|
7/15/2026
|
|
USD
|
11
|
|
|
11
|
(f)
|
|
Techem Energy Services GmbH/Germany
|
|
6.000% 07/2026
|
|
|
|
7/30/2026
|
|
EUR
|
710
|
|
|
770
|
(f)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Electronic Components - 1.73%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CommScope Inc
|
|
6.000% 03/2026
|
|
|
|
3/1/2026
|
|
USD
|
1,545
|
|
|
1,452
|
(f)
|
|
CommScope Inc
|
|
6.000% 06/2025
|
|
|
|
6/15/2025
|
|
USD
|
5,260
|
|
|
4,944
|
(f)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hotels, Resorts & Cruise Lines - 11.63%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Marriott Ownership Resorts Inc
|
|
0.000% 01/2026 (Convertible)
|
|
|
|
1/15/2026
|
|
USD
|
5,995
|
|
|
5,520
|
(c)
|
|
NCL Corp Ltd
|
|
1.125% 02/2027 (Convertible)
|
|
|
|
2/15/2027
|
|
USD
|
9,778
|
|
|
9,136
|
|
|
NCL Corp Ltd
|
|
3.625% 12/2024
|
|
|
|
12/15/2024
|
|
USD
|
13,111
|
|
|
12,991
|
(f)
|
|
Sani/Ikos Financial Holdings 1 Sarl
|
|
7.250% 07/2030
|
|
|
|
7/31/2030
|
|
EUR
|
1,252
|
|
|
1,368
|
(f)
|
|
Viking Cruises Ltd
|
|
6.250% 05/2025
|
|
|
|
5/15/2025
|
|
USD
|
414
|
|
|
415
|
(f)
|
|
Viking Cruises Ltd
|
|
7.000% 02/2029
|
|
|
|
2/15/2029
|
|
USD
|
3,548
|
|
|
3,586
|
(f)
|
|
Viking Cruises Ltd
|
|
9.125% 07/2031
|
|
|
|
7/15/2031
|
|
USD
|
9,057
|
|
|
9,882
|
(f)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Household Products - 0.09%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Energizer Holdings Inc
|
|
6.500% 12/2027
|
|
|
|
12/31/2027
|
|
USD
|
313
|
|
|
316
|
(f)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Industrial Machinery & Supplies & Components - 3.31%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SPX FLOW Inc
|
|
8.750% 04/2030
|
|
|
|
4/1/2030
|
|
USD
|
11,704
|
|
|
12,205
|
(f)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Insurance Brokers - 0.58%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ardonagh Group Ltd/The
|
|
6.875% 02/2031 (EUR)
|
|
|
|
2/15/2031
|
|
EUR
|
1,977
|
|
|
2,125
|
(f)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interactive Media & Services - 0.24%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Kantar Group Ltd/The
|
|
5.750% 10/2026
|
|
|
|
10/31/2026
|
|
EUR
|
819
|
|
|
883
|
(f)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Leisure Facilities - 2.92%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cedar Fair LP
|
|
5.375% 04/2027
|
|
|
|
4/15/2027
|
|
USD
|
433
|
|
|
432
|
|
|
Merlin Entertainments PLC
|
|
4.500% 11/2027
|
|
|
|
11/15/2027
|
|
EUR
|
2,000
|
|
|
2,063
|
(f)
|
|
Merlin Entertainments PLC
|
|
6.625% 11/2027
|
|
|
|
11/15/2027
|
|
USD
|
5,811
|
|
|
5,727
|
(f)
|
|
Merlin Entertainments PLC
|
|
7.375% 02/2031
|
|
|
|
2/15/2031
|
|
USD
|
1,332
|
|
|
1,381
|
(f)
|
|
Six Flags Entertainment Corp
|
|
7.250% 05/2031
|
|
|
|
5/15/2031
|
|
USD
|
1,116
|
|
|
1,151
|
(f)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Leisure Products - 0.06%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Inter Media and Communication SpA
|
|
6.750% 02/2027
|
|
|
|
2/9/2027
|
|
EUR
|
221
|
|
|
238
|
(f)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Metal, Glass & Plastic Containers - 0.25%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trivium Packaging Finance BV
|
|
3.750% 08/2026
|
|
|
|
8/15/2026
|
|
EUR
|
851
|
|
|
908
|
(f)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oil & Gas Equipment & Services - 0.23%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Archrock Partners LP / Archrock Partners Finance Corp
|
|
6.875% 04/2027
|
|
|
|
4/1/2027
|
|
USD
|
412
|
|
|
414
|
(f)
|
|
Aris Water (fka Solaris Midstream Holdings LLC)
|
|
7.625% 04/2026
|
|
|
|
4/1/2026
|
|
USD
|
421
|
|
|
424
|
(f)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oil & Gas Exploration & Production - 0.19%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sitio Royalties Corp
|
|
7.875% 11/2028
|
|
|
|
11/1/2028
|
|
USD
|
660
|
|
|
691
|
(f)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oil & Gas Storage & Transportation - 2.86%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Genesis Energy
|
|
8.000% 01/2027
|
|
|
|
1/15/2027
|
|
USD
|
356
|
|
|
364
|
|
|
Genesis Energy
|
|
8.875% 04/2030
|
|
|
|
4/15/2030
|
|
USD
|
1,420
|
|
|
1,504
|
|
|
Global Partners LP / GLP Finance Corp
|
|
7.000% 08/2027
|
|
|
|
8/1/2027
|
|
USD
|
420
|
|
|
424
|
|
|
NGL Energy Partners LP / NGL Energy Finance Corp
|
|
8.125% 02/2029
|
|
|
|
2/15/2029
|
|
USD
|
2,580
|
|
|
2,616
|
(f)
|
|
NGL Energy Partners LP / NGL Energy Finance Corp
|
|
8.375% 02/2032
|
|
|
|
2/15/2032
|
|
USD
|
3,473
|
|
|
3,551
|
(f)
|
|
Rockies Express Pipeline LLC
|
|
3.600% 05/2025
|
|
|
|
5/15/2025
|
|
USD
|
316
|
|
|
310
|
(f)
|
|
Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp
|
|
6.000% 03/2027
|
|
|
|
3/1/2027
|
|
USD
|
317
|
|
|
315
|
(f)
|
|
Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp
|
|
7.375% 02/2029
|
|
|
|
2/15/2029
|
|
USD
|
1,266
|
|
|
1,283
|
(f)
|
|
Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp
|
|
9.000% 08/2029
|
|
|
|
8/1/2029
|
|
USD
|
190
|
|
|
196
|
(f)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Paper & Plastic Packaging Products & Materials - 0.11%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Novolex Holdings LLC
|
|
8.750% 04/2030
|
|
|
|
4/15/2030
|
|
USD
|
424
|
|
|
416
|
(f)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Paper Products - 0.54%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fiber Bidco Spa
|
|
10.000% 06/2029 SUN
|
|
|
|
6/15/2029
|
|
EUR
|
1,826
|
|
|
1,992
|
(d) (f)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Passenger Airlines - 8.87%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
American Airlines Group Inc
|
|
3.750% 03/2025
|
|
|
|
3/1/2025
|
|
USD
|
11,463
|
|
|
11,286
|
(f)
|
|
JetBlue Airways Corp
|
|
0.500% 04/2026 (Convertible)
|
|
|
|
4/1/2026
|
|
USD
|
23,134
|
|
|
21,452
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pharmaceuticals - 0.24%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nidda Healthcare Holding AG
|
|
7.500% 08/2026
|
|
|
|
8/21/2026
|
|
EUR
|
780
|
|
|
867
|
(f)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Services - 1.89%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Anywhere Real Estate Group LLC
|
|
0.250% 06/2026 (Convertible)
|
|
|
|
6/15/2026
|
|
USD
|
8,312
|
|
|
6,957
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Restaurants - 3.03%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Golden Nugget Inc.
|
|
6.750% 07/2030
|
|
|
|
1/15/2030
|
|
USD
|
12,591
|
|
|
11,180
|
(f)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Security & Alarm Services - 0.37%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Garda World Security Corp
|
|
8.250% 08/2032
|
|
|
|
8/1/2032
|
|
USD
|
1,363
|
|
|
1,366
|
(f)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trading Companies & Distributors - 1.92%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AerCap Holdings
|
|
6.500% 06/2045
|
|
|
|
6/15/2045
|
|
USD
|
2,029
|
|
|
2,028
|
(f)
|
|
Neon Holdings Inc (GPD Cos Inc)
|
|
10.125% 04/2026
|
|
|
|
4/1/2026
|
|
USD
|
2,413
|
|
|
2,253
|
(f)
|
|
White Cap Construction Supply Inc
|
|
8.250% 03/2026 (9% PIK Toggle)
|
|
|
|
3/15/2026
|
|
USD
|
2,795
|
|
|
2,804
|
(d) (f)
|
|
TOTAL HIGH YIELD SECURITIES (Amortized cost $294,008)
|
|
|
|
|
|
|
|
|
|
|
$ |
281,664
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Asset Backed Securities - 10.87%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Specialized Finance - 10.87%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adagio X Eur Clo DAC
|
|
ADAGI X-A DR
|
|
EURIBOR + 5.50%
|
|
10/20/2037
|
|
EUR
|
458
|
|
$ |
503
|
(b) (f)
|
|
AGL CLO 24 Ltd
|
|
AGL 2023-24A D
|
|
SOFR + 5.50%
|
|
7/25/2036
|
|
USD
|
1,137
|
|
|
1,180
|
(b) (f)
|
|
AGL CLO 24 Ltd
|
|
AGL 2023-24A E
|
|
SOFR + 8.65%
|
|
7/25/2036
|
|
USD
|
1,250
|
|
|
1,305
|
(b) (f)
|
|
Anchorage Capital CLO 6 Ltd
|
|
ANCHC 2015-6A DR3
|
|
SOFR + 4.20%
|
|
4/22/2034
|
|
USD
|
507
|
|
|
507
|
(b) (f)
|
|
Anchorage Capital CLO 6 Ltd
|
|
ANCHC 2015-6A ER3
|
|
SOFR + 7.29%
|
|
4/22/2034
|
|
USD
|
329
|
|
|
331
|
(b) (f)
|
|
Apidos CLO XLV Ltd
|
|
APID 2023-45A D
|
|
SOFR + 5.20%
|
|
4/26/2036
|
|
USD
|
392
|
|
|
403
|
(b) (f)
|
|
Apidos CLO XLVI Ltd
|
|
APID 2023-46A D
|
|
SOFR + 5.00%
|
|
10/24/2036
|
|
USD
|
318
|
|
|
330
|
(b) (f)
|
|
Arbour CLO III DAC
|
|
ARBR 3A DRR
|
|
EURIBOR + 3.10%
|
|
7/15/2034
|
|
EUR
|
678
|
|
|
740
|
(b) (f)
|
|
Arbour Clo XI DAC
|
|
ARBR 11A DR
|
|
EURIBOR + 3.80%
|
|
5/15/2038
|
|
EUR
|
453
|
|
|
490
|
(b) (f)
|
|
Ares Loan Funding V Ltd
|
|
ARES 2024-ALF5A E
|
|
SOFR + 6.60%
|
|
7/27/2037
|
|
USD
|
380
|
|
|
384
|
(b) (f)
|
|
Ares LXVIII CLO Ltd
|
|
ARES 2023-68A D
|
|
SOFR + 5.75%
|
|
4/25/2035
|
|
USD
|
992
|
|
|
1,020
|
(b) (f)
|
|
Ares XXXIX CLO Ltd
|
|
ARES 2016-39A ER3
|
|
SOFR + 6.75%
|
|
7/18/2037
|
|
USD
|
1,386
|
|
|
1,423
|
(b) (f)
|
|
Benefit Street Partners CLO XXXIV Ltd
|
|
BSP 2024-34A E
|
|
SOFR + 6.70%
|
|
7/25/2037
|
|
USD
|
323
|
|
|
327
|
(b) (f)
|
|
Birch Grove CLO 6 Ltd
|
|
BGCLO 2023-6A D
|
|
SOFR + 5.83%
|
|
7/20/2035
|
|
USD
|
1,121
|
|
|
1,161
|
(b) (f)
|
|
Bluemountain Euro 2021-2 CLO DAC
|
|
BLUME 2021-2A D
|
|
EURIBOR + 3.10%
|
|
10/15/2035
|
|
EUR
|
351
|
|
|
383
|
(b) (f)
|
|
Brookhaven Park CLO Ltd
|
|
BROOKP 2024-1A E
|
|
SOFR + 6.50%
|
|
4/19/2037
|
|
USD
|
606
|
|
|
615
|
(b) (f)
|
|
Cairn CLO
|
|
CRNCL 2023-17A D
|
|
EURIBOR + 5.30%
|
|
10/18/2036
|
|
EUR
|
338
|
|
|
375
|
(b) (f)
|
|
Carbone Clo Ltd
|
|
CRBN 2017-1A C
|
|
SOFR + 2.60%
|
|
1/20/2031
|
|
USD
|
367
|
|
|
368
|
(b) (f)
|
|
Carlyle US CLO 2024-2 Ltd
|
|
CGMS 2024-2A E
|
|
SOFR + 6.85%
|
|
4/25/2037
|
|
USD
|
395
|
|
|
397
|
(b) (f)
|
|
Cedar Funding XVIII CLO Ltd
|
|
CEDF 2024-18A E
|
|
SOFR + 6.65%
|
|
4/23/2037
|
|
USD
|
532
|
|
|
540
|
(b) (f)
|
|
CIFC Funding 2019-I Ltd
|
|
CIFC 2019-1A E
|
|
SOFR + 7.09%
|
|
4/20/2032
|
|
USD
|
386
|
|
|
390
|
(b) (f)
|
|
Clonmore Park CLO DAC
|
|
CLONP 1A ER
|
|
EURIBOR + 6.82%
|
|
8/21/2035
|
|
EUR
|
350
|
|
|
387
|
(b) (f)
|
|
Contego CLO XII DAC
|
|
CONTE 12A D
|
|
EURIBOR + 5.60%
|
|
1/25/2038
|
|
EUR
|
805
|
|
|
890
|
(b) (f)
|
|
CVC Cordatus Loan Fund XXXI DAC
|
|
CORDA 31A E
|
|
EURIBOR + 6.64%
|
|
6/15/2037
|
|
EUR
|
402
|
|
|
437
|
(b) (f)
|
|
CVC Cordatus Opportunity Loan Fund DAC
|
|
COLFR 1A E Mtge
|
|
EURIBOR + 6.31%
|
|
8/15/2033
|
|
EUR
|
356
|
|
|
387
|
(b) (f)
|
|
Dillon's Park CLO DAC
|
|
DILPK 1A D
|
|
EURIBOR + 3.00%
|
|
10/15/2034
|
|
EUR
|
374
|
|
|
406
|
(b) (f)
|
|
Empower CLO 2023-1 Ltd
|
|
EMPWR 2023-1A D
|
|
SOFR + 5.50%
|
|
4/25/2036
|
|
USD
|
1,500
|
|
|
1,540
|
(b) (f)
|
|
Empower CLO 2023-2 Ltd
|
|
EMPWR 2023-2A D
|
|
SOFR + 5.40%
|
|
7/15/2036
|
|
USD
|
341
|
|
|
354
|
(b) (f)
|
|
Fernhill Park CLO DAC
|
|
FRNPK 1A D
|
|
EURIBOR + 3.75%
|
|
4/15/2037
|
|
EUR
|
276
|
|
|
302
|
(b) (f)
|
|
Fernhill Park CLO DAC
|
|
FRNPK 1A E
|
|
EURIBOR + 6.68%
|
|
4/15/2037
|
|
EUR
|
301
|
|
|
325
|
(b) (f)
|
|
Galaxy 33 CLO Ltd
|
|
GALXY 2024-33A E
|
|
SOFR + 6.65%
|
|
4/20/2037
|
|
USD
|
376
|
|
|
380
|
(b) (f)
|
|
Galaxy XXV CLO Ltd
|
|
GALXY 2018-25A ER
|
|
SOFR + 6.50%
|
|
4/25/2036
|
|
USD
|
465
|
|
|
465
|
(b) (f)
|
|
Generate CLO 3 Ltd
|
|
GNRT 3A D2R
|
|
SOFR + 4.90%
|
|
10/20/2036
|
|
USD
|
958
|
|
|
984
|
(b) (f)
|
|
Generate CLO Ltd
|
|
GNRT 2024-15A E
|
|
SOFR + 6.70%
|
|
7/20/2037
|
|
USD
|
388
|
|
|
393
|
(b) (f)
|
|
Glenbrook Park Clo DAC
|
|
GLNBR 1A D
|
|
EURIBOR + 5.75%
|
|
7/21/2036
|
|
EUR
|
500
|
|
|
553
|
(b) (f)
|
|
Golub Capital Partners CLO 53B Ltd
|
|
GCBSL 2021-53A E
|
|
SOFR + 6.70%
|
|
7/20/2034
|
|
USD
|
169
|
|
|
171
|
(b) (f)
|
|
Harvest CLO XXVIII DAC
|
|
HARVT 28A DR
|
|
EURIBOR + 3.60%
|
|
10/25/2034
|
|
EUR
|
273
|
|
|
299
|
(b) (f)
|
|
Harvest Clo XXXI DAC
|
|
HARVT 31A D
|
|
EURIBOR + 5.60%
|
|
10/15/2036
|
|
EUR
|
710
|
|
|
793
|
(b) (f)
|
|
Henley CLO III DAC
|
|
HNLY 3A DR
|
|
EURIBOR + 3.30%
|
|
12/25/2035
|
|
EUR
|
769
|
|
|
840
|
(b) (f)
|
|
Henley CLO X DAC
|
|
HNLY 10A E
|
|
EURIBOR + 6.65%
|
|
7/20/2037
|
|
EUR
|
187
|
|
|
202
|
(b) (f)
|
|
Madison Park Euro Funding XV DAC
|
|
MDPKE 15A DR
|
|
EURIBOR + 4.50%
|
|
7/15/2036
|
|
EUR
|
321
|
|
|
350
|
(b) (f)
|
|
Madison Park Funding LXIII Ltd
|
|
MDPK 2023-63A D
|
|
SOFR + 5.50%
|
|
4/21/2035
|
|
USD
|
947
|
|
|
975
|
(b) (f)
|
|
Madison Park Funding XXVIII Ltd
|
|
MDPK 2018-28A E
|
|
SOFR + 5.25%
|
|
7/15/2030
|
|
USD
|
958
|
|
|
962
|
(b) (f)
|
|
Magnetite XXXI Ltd
|
|
MAGNE 2021-31A E
|
|
SOFR + 6.00%
|
|
7/15/2034
|
|
USD
|
1,500
|
|
|
1,511
|
(b) (f)
|
|
Neuberger Berman Loan Advisers CLO 55 Ltd
|
|
NEUB 2024-55A E
|
|
SOFR + 6.50%
|
|
4/22/2038
|
|
USD
|
343
|
|
|
348
|
(b) (f)
|
|
Oaktree CLO 2019-3 Ltd
|
|
OAKCL 2019-3A ER
|
|
SOFR + 7.04%
|
|
10/20/2034
|
|
USD
|
331
|
|
|
333
|
(b) (f)
|
|
Oaktree CLO 2023-1 Ltd
|
|
OAKCL 2023-1A D
|
|
SOFR + 5.25%
|
|
4/15/2036
|
|
USD
|
558
|
|
|
572
|
(b) (f)
|
|
Palmer Square European CLO 2021-1 DAC
|
|
PLMER 2021-1A E
|
|
EURIBOR + 5.71%
|
|
|
|
EUR
|
460
|
|
|
500
|
(b) (f)
|
|
Palmer Square European CLO 2022-2 DAC
|
|
PLMER 2022-2A DR
|
|
EURIBOR + 4.00%
|
|
|
|
EUR
|
691
|
|
|
757
|
(b) (f)
|
|
Palmer Square European CLO 2023-1 DAC
|
|
PLMER 2023-1A E
|
|
EURIBOR + 7.59%
|
|
7/15/2036
|
|
EUR
|
1,000
|
|
|
1,106
|
(b) (f)
|
|
Palmer Square European CLO 2024-1 DAC
|
|
PLMER 2024-1A D
|
|
EURIBOR + 3.75%
|
|
5/15/2037
|
|
EUR
|
260
|
|
|
281
|
(b) (f)
|
|
Palmer Square European CLO 2024-1 DAC
|
|
PLMER 2024-1A E
|
|
EURIBOR + 6.68%
|
|
5/15/2037
|
|
EUR
|
301
|
|
|
334
|
(b) (f)
|
|
Palmer Square European Loan Funding 2024-1 DAC
|
|
PSTET 2024-1A E
|
|
EURIBOR + 6.75%
|
|
8/15/2033
|
|
EUR
|
312
|
|
|
339
|
(b) (f)
|
|
Penta CLO 12 DAC
|
|
PENTA 2022-12A ER
|
|
EURIBOR + 7.09%
|
|
5/9/2037
|
|
EUR
|
563
|
|
|
624
|
(b) (f)
|
|
Penta CLO 16 DAC
|
|
PENTA 2024-16A E
|
|
EURIBOR + 6.79%
|
|
10/18/2036
|
|
EUR
|
362
|
|
|
401
|
(b) (f)
|
|
Penta CLO 5 DAC
|
|
PENTA 2018-5A ER
|
|
EURIBOR + 5.92%
|
|
4/20/2035
|
|
EUR
|
335
|
|
|
367
|
(b) (f)
|
|
Penta Clo 9 DAC
|
|
PENTA 2021-9A E
|
|
EURIBOR + 6.04%
|
|
7/25/2036
|
|
EUR
|
306
|
|
|
336
|
(b) (f)
|
|
Providus Clo VI DAC
|
|
PRVD 6A D
|
|
EURIBOR + 3.20%
|
|
5/20/2034
|
|
EUR
|
553
|
|
|
603
|
(b) (f)
|
|
Providus Clo X DAC
|
|
PRVD 10A E
|
|
EURIBOR + 6.74%
|
|
11/18/2038
|
|
EUR
|
304
|
|
|
333
|
(b) (f)
|
|
RAD CLO 21 Ltd
|
|
RAD 2023-21A E
|
|
SOFR + 7.90%
|
|
1/25/2033
|
|
USD
|
431
|
|
|
441
|
(b) (f)
|
|
Rad CLO 4 Ltd
|
|
RAD 2019-4A ER
|
|
SOFR + 6.50%
|
|
4/25/2032
|
|
USD
|
419
|
|
|
421
|
(b) (f)
|
|
Regatta XXVIII Funding Ltd
|
|
REG28 2024-2A E
|
|
SOFR + 7.00%
|
|
4/25/2037
|
|
USD
|
376
|
|
|
384
|
(b) (f)
|
|
Romark Credit Funding II Ltd
|
|
RCF 2021-2A E
|
|
7.08%
|
|
10/25/2039
|
|
USD
|
1,200
|
|
|
1,103
|
(b) (f)
|
|
Shackleton 2019-XV CLO Ltd
|
|
SHACK 2019-15A D1R
|
|
SOFR + 3.45%
|
|
1/15/2032
|
|
USD
|
367
|
|
|
368
|
(b) (f)
|
|
Sutton Park CLO DAC
|
|
STNPK 1A C
|
|
EURIBOR + 3.30%
|
|
|
|
EUR
|
1,178
|
|
|
1,280
|
(b) (f)
|
|
Symphony CLO 37 Ltd
|
|
SYMP 2022-37A DR
|
|
SOFR + 4.90%
|
|
1/20/2037
|
|
USD
|
551
|
|
|
559
|
(b) (f)
|
|
TRESTLES CLO III LTD
|
|
TREST 2020-3A D
|
|
SOFR + 3.25%
|
|
1/20/2033
|
|
USD
|
500
|
|
|
501
|
(b) (f)
|
|
TRESTLES CLO III LTD
|
|
TREST 2020-3A E
|
|
SOFR + 6.76%
|
|
1/20/2033
|
|
USD
|
453
|
|
|
451
|
(b) (f)
|
|
Trinitas Euro Clo VII DAC
|
|
TRNTE 7A E
|
|
EURIBOR + 6.55%
|
|
7/25/2037
|
|
EUR
|
264
|
|
|
286
|
(b) (f)
|
|
TOTAL ASSET BACKED SECURITIES (Amortized cost $38,650)
|
|
|
|
|
|
|
|
|
|
|
$ |
40,106
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuer
|
|
Asset
|
|
|
|
|
|
Currency
|
|
Fair Value
|
Footnotes
|
|
Equity & Other Investments - 1.58%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Broadline Retail - 0.35%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Belk Inc
|
|
Common Stock
|
|
|
|
|
|
USD
|
82,904
|
|
$ |
1,285
|
(a) (e)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction & Engineering - 0.01%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Yak Access LLC
|
|
Common Stock
|
|
|
|
|
|
USD
|
9,358
|
|
|
21
|
(a) (e)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diversified Metals & Mining - 0.98%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foresight Energy LLC
|
|
Common Stock
|
|
|
|
|
|
USD
|
320,381
|
|
|
3,597
|
(a) (b) (e)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oil & Gas Equipment & Services - 0.14%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proserv Group Parent LLC
|
|
Common Stock
|
|
|
|
|
|
USD
|
114,010
|
|
|
105
|
(b) (e)
|
|
Proserv Group Parent LLC
|
|
Preferred Stock
|
|
|
|
|
|
USD
|
36,249
|
|
|
409
|
(b) (e)
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Health Care Facilities - 0.12%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Quorum Health Corp
|
|
Trade Claim
|
|
|
|
|
|
USD
|
3,964,000
|
|
|
427
|
(b) (e)
|
|
TOTAL EQUITY & OTHER INVESTMENTS (Cost $8,751)
|
|
|
|
|
|
|
|
|
|
|
$ |
5,844
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL INVESTMENTS (Cost $564,667)
|
|
|
|
|
|
|
|
|
|
|
$ |
549,444
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Money Market Funds - 5.76%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Government Securities - 5.76%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Morgan Stanley Institutional Liquidity Fund - Government Portfolio
|
Class IN
|
|
|
|
|
|
USD
|
21,260,016
|
|
$ |
21,260
|
(g)
|
|
TOTAL MONEY MARKET FUNDS (Cost $21,260)
|
|
|
|
|
|
|
|
|
|
|
$ |
21,260
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL INVESTMENTS INCLUDING MONEY MARKET FUNDS (Cost $585,927) - 154.71%
|
|
|
|
|
|
|
|
|
|
|
$ |
570,704
|
|
|
LIABILITIES EXCEEDING OTHER ASSETS, NET - (54.71%)
|
|
|
|
|
|
|
|
|
$ |
(201,804)
|
|
|
NET ASSETS - 100.00%
|
|
|
|
|
|
|
|
|
|
|
$ |
368,900
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|