| |
| | |
Reference Rate | |
Maturity | |
Principal | | |
| |
| |
Coupon(a) | | |
& Spread | |
Date | |
Amount | | |
Value | |
COLLATERALIZED LOAN OBLIGATIONS DEBT(b)- 26.83%* (16.21% of Total Investments) | |
| | |
| |
Anchorage Capital CLO 13 LLC, CLO 2021-13A, ER(c) | |
| 11.96 | % | |
3M US L + 6.70% | |
04/15/2034 | |
$ | 1,500,000 | | |
$ | 1,340,333 | |
Anchorage Capital CLO 16, Ltd., CLO 2021-16A, ER(c) | |
| 12.62 | % | |
3M US L + 7.35% | |
01/19/2035 | |
| 2,000,000 | | |
| 1,847,737 | |
Anchorage Capital CLO 17, Ltd., CLO 2021-17A, E(c) | |
| 12.12 | % | |
3M US L + 6.86% | |
07/15/2034 | |
| 1,250,000 | | |
| 1,122,730 | |
Anchorage Capital CLO 19, Ltd., CLO 2021-19A, F(c) | |
| 12.51 | % | |
3M US L + 7.25% | |
10/15/2034 | |
| 1,000,000 | | |
| 735,085 | |
Anchorage Capital CLO 21, Ltd., CLO 2021-21A, E(c) | |
| 12.60 | % | |
3M US L + 7.35% | |
10/20/2034 | |
| 500,000 | | |
| 454,621 | |
Anchorage Capital CLO 4-R, Ltd., CLO 2018-4RA, E(c) | |
| 10.77 | % | |
3M US L + 5.50% | |
01/28/2031 | |
| 2,000,000 | | |
| 1,682,302 | |
Anchorage Capital CLO 9, Ltd., CLO 2021-9A, ER2(c) | |
| 12.08 | % | |
3M US L + 6.82% | |
07/15/2032 | |
| 2,000,000 | | |
| 1,765,165 | |
Apidos CLO XLV, Ltd., CLO 2023-45A, E(c) | |
| 13.56 | % | |
3M SOFR + 8.40% | |
04/26/2036 | |
| 500,000 | | |
| 485,152 | |
Apidos CLO XXVII, CLO 2017-27A, D(c) | |
| 11.66 | % | |
3M US L + 6.40% | |
07/17/2030 | |
| 375,000 | | |
| 345,740 | |
Apidos CLO XXXII, CLO 2020-32A, E(c) | |
| 12.00 | % | |
3M US L + 6.75% | |
01/20/2033 | |
| 250,000 | | |
| 233,766 | |
ARES LI CLO, Ltd., CLO 2021-51A, ER(c) | |
| 12.11 | % | |
3M US L + 6.85% | |
07/15/2034 | |
| 250,000 | | |
| 219,181 | |
ARES Loan Funding III, Ltd., CLO 2022-ALF3A, E(c) | |
| 12.65 | % | |
3M SOFR + 7.58% | |
07/25/2035 | |
| 1,000,000 | | |
| 972,139 | |
Ares LV CLO, Ltd., CLO 2021-55A, ER(c) | |
| 11.61 | % | |
3M US L + 6.35% | |
07/15/2034 | |
| 1,525,000 | | |
| 1,404,891 | |
Atrium IX, CLO 2017-9A, ER(c) | |
| 11.91 | % | |
3M US L + 6.45% | |
05/28/2030 | |
| 900,000 | | |
| 828,378 | |
Atrium XIV LLC, CLO 2018-14A, E(c) | |
| 10.91 | % | |
3M US L + 5.65% | |
08/23/2030 | |
| 500,000 | | |
| 466,224 | |
Battalion CLO, Ltd., CLO 2021-21A, E(c) | |
| 11.72 | % | |
3M US L + 6.46% | |
07/15/2034 | |
| 1,000,000 | | |
| 804,838 | |
Benefit Street Partners CLO XVII, Ltd., CLO 2021-17A, ER(c) | |
| 11.35 | % | |
3M US L + 6.35% | |
07/15/2032 | |
| 1,100,000 | | |
| 975,432 | |
Benefit Street Partners CLO XXIV, Ltd., CLO 2021-24A, E(c) | |
| 11.86 | % | |
3M US L + 6.61% | |
10/20/2034 | |
| 1,000,000 | | |
| 921,992 | |
Benefit Street Partners CLO XXIX, CLO 2022-29A, E(c) | |
| 12.39 | % | |
3M SOFR + 7.81% | |
01/25/2036 | |
| 1,750,000 | | |
| 1,705,237 | |
Carlyle Global Market Strategies, CLO 2022-2A, D(c) | |
| 12.45 | % | |
3M SOFR + 7.40% | |
04/20/2035 | |
| 800,000 | | |
| 744,864 | |
Carlyle US CLO 2022-5, Ltd., CLO 2022-5A, E(c) | |
| 13.45 | % | |
3M SOFR + 8.46% | |
10/15/2035 | |
| 2,000,000 | | |
| 1,990,289 | |
CIFC Funding 2015-I, Ltd., CLO 2015-1A, ERR(c) | |
| 11.27 | % | |
3M US L + 6.00% | |
01/22/2031 | |
| 500,000 | | |
| 432,647 | |
CIFC Funding 2019-III, Ltd., CLO 2021-3A, DR(c) | |
| 12.06 | % | |
3M US L + 6.80% | |
10/16/2034 | |
| 2,750,000 | | |
| 2,581,913 | |
CIFC Funding 2019-V, Ltd., CLO 2021-5A, DR(c) | |
| 12.04 | % | |
3M US L + 6.78% | |
01/15/2035 | |
| 1,000,000 | | |
| 929,477 | |
CIFC Funding 2019-VI, Ltd., CLO 2019-6A, E(c) | |
| 12.66 | % | |
3M US L + 7.40% | |
01/16/2033 | |
| 500,000 | | |
| 472,021 | |
CIFC Funding 2022-I, Ltd., CLO 2022-1A, E(c) | |
| 11.39 | % | |
3M SOFR + 6.40% | |
04/17/2035 | |
| 2,000,000 | | |
| 1,845,912 | |
CIFC Funding 2022-III, Ltd., CLO 2022-3A, E(c) | |
| 12.33 | % | |
3M SOFR + 7.27% | |
04/21/2035 | |
| 850,000 | | |
| 800,110 | |
Elmwood CLO 18, Ltd., CLO 2022-5A, E(c) | |
| 12.75 | % | |
3M SOFR + 7.76% | |
07/17/2033 | |
| 600,000 | | |
| 592,840 | |
Elmwood CLO II, Ltd., CLO 2021-2A, DR(c) | |
| 8.25 | % | |
3M US L + 3.00% | |
04/20/2034 | |
| 1,250,000 | | |
| 1,199,812 | |
Elmwood CLO VI, Ltd., CLO 2021-3A, ER(c) | |
| 11.75 | % | |
3M US L + 6.50% | |
10/20/2034 | |
| 1,750,000 | | |
| 1,673,340 | |
Elmwood CLO XI, Ltd., CLO 2021-4A, E(c) | |
| 11.25 | % | |
3M US L + 6.00% | |
10/20/2034 | |
| 750,000 | | |
| 697,647 | |
GoldenTree Loan Management US CLO 16, Ltd., CLO 2022-16A, E(c) | |
| 11.80 | % | |
3M SOFR + 6.75% | |
01/20/2035 | |
| 1,000,000 | | |
| 963,363 | |
HPS Loan Management, Ltd., CLO 2017-11A, F(c) | |
| 13.17 | % | |
3M US L + 7.85% | |
05/06/2030 | |
| 1,000,000 | | |
| 737,709 | |
Madison Park Funding LX, Ltd., CLO 2022-60A, E(c) | |
| 13.57 | % | |
3M SOFR + 8.95% | |
10/25/2035 | |
| 1,250,000 | | |
| 1,252,545 | |
Madison Park Funding LXIII, Ltd., CLO 2023-63A, E(c) | |
| 13.65 | % | |
3M SOFR + 8.57% | |
04/21/2035 | |
| 1,250,000 | | |
| 1,225,238 | |
Madison Park Funding XLVI, Ltd., CLO 2021-46A, ER(c) | |
| 11.51 | % | |
3M US L + 6.25% | |
10/15/2034 | |
| 550,000 | | |
| 512,162 | |
Madison Park Funding XLVIII, Ltd., CLO 2021-48A, E(c) | |
| 11.52 | % | |
3M US L + 6.25% | |
04/19/2033 | |
| 1,500,000 | | |
| 1,402,600 | |
Madison Park Funding XVII, Ltd., CLO 2015-17A, FR(c) | |
| 12.74 | % | |
3M US L + 7.48% | |
07/21/2030 | |
| 1,000,000 | | |
| 704,058 | |
Madison Park Funding XXVII, Ltd., CLO 2018-27A, D(c) | |
| 10.25 | % | |
3M US L + 5.00% | |
04/20/2030 | |
| 1,500,000 | | |
| 1,352,611 | |
Madison Park Funding XXXVII, Ltd., CLO 2021-37A, ER(c) | |
| 11.41 | % | |
3M US L + 6.15% | |
07/15/2033 | |
| 750,000 | | |
| 702,051 | |
Magnetite XXIV, Ltd., CLO 2022-24A, ER(c) | |
| 11.39 | % | |
3M SOFR + 6.40% | |
04/15/2035 | |
| 500,000 | | |
| 459,282 | |
Neuberger Berman Loan Advisers CLO 24, Ltd., CLO 2017-24A, E(c) | |
| 11.29 | % | |
3M US L + 6.02% | |
04/19/2030 | |
| 1,000,000 | | |
| 897,143 | |
Neuberger Berman Loan Advisers CLO 32, Ltd., CLO 2021-32A, ER(c) | |
| 11.37 | % | |
3M US L + 6.10% | |
01/20/2032 | |
| 1,500,000 | | |
| 1,381,073 | |
Neuberger Berman Loan Advisers CLO 40, Ltd., CLO 2021-40A, E(c) | |
| 11.11 | % | |
3M US L + 5.85% | |
04/16/2033 | |
| 1,670,000 | | |
| 1,528,147 | |
OHA Credit Funding 11, Ltd., CLO 2022-11A, E(c) | |
| 12.28 | % | |
3M SOFR + 7.25% | |
07/19/2033 | |
| 550,000 | | |
| 530,981 | |
| |
| | |
Reference Rate | |
Maturity | |
Principal | | |
| |
| |
Coupon(a) | | |
& Spread | |
Date | |
Amount | | |
Value | |
COLLATERALIZED LOAN OBLIGATIONS DEBT(b) (continued) | |
| |
| | | |
| | |
OHA Credit Funding 12, Ltd., CLO 2022-12A, E(c) | |
| 12.81 | % | |
3M SOFR + 7.76% | |
07/20/2033 | |
$ | 1,000,000 | | |
$ | 992,040 | |
OHA Credit Funding 2, Ltd., CLO 2021-2A, ER(c) | |
| 11.62 | % | |
3M US L + 6.36% | |
04/21/2034 | |
| 1,000,000 | | |
| 943,400 | |
OHA Credit Funding 5, Ltd., CLO 2020-5A, E(c) | |
| 11.51 | % | |
3M US L + 6.25% | |
04/18/2033 | |
| 1,000,000 | | |
| 944,451 | |
OHA Credit Funding 7, Ltd., CLO 2022-7A, ER(c) | |
| 11.28 | % | |
3M SOFR + 6.25% | |
02/24/2037 | |
| 900,000 | | |
| 839,352 | |
OHA Credit Funding 9, Ltd., CLO 2021-9A, E(c) | |
| 11.52 | % | |
3M US L + 6.25% | |
07/19/2035 | |
| 1,000,000 | | |
| 949,358 | |
Rad CLO 10, Ltd., CLO 2021-10A, E(c) | |
| 11.12 | % | |
3M US L + 5.85% | |
04/23/2034 | |
| 2,000,000 | | |
| 1,822,402 | |
Rad CLO 11, Ltd., CLO 2021-11A, E(c) | |
| 11.51 | % | |
3M US L + 6.25% | |
04/15/2034 | |
| 1,300,000 | | |
| 1,183,840 | |
Rad CLO 12, Ltd., CLO 2021-12A, E(c) | |
| 11.65 | % | |
3M US L + 6.35% | |
10/30/2034 | |
| 2,000,000 | | |
| 1,767,476 | |
Regatta VII Funding, Ltd., CLO 2021-1A, ER2(c) | |
| 11.91 | % | |
3M US L + 6.40% | |
06/20/2034 | |
| 1,000,000 | | |
| 897,556 | |
Regatta VIII Funding, Ltd., CLO 2017-1A, E(c) | |
| 11.36 | % | |
3M US L + 6.10% | |
10/17/2030 | |
| 500,000 | | |
| 467,480 | |
Regatta XII Funding, Ltd., CLO 2021-1A, ER(c) | |
| 11.61 | % | |
3M US L + 6.35% | |
10/15/2032 | |
| 500,000 | | |
| 471,327 | |
Regatta XIV Funding, Ltd., CLO 2018-3A, E(c) | |
| 11.21 | % | |
3M US L + 5.95% | |
10/25/2031 | |
| 750,000 | | |
| 643,937 | |
Regatta XIX Funding, Ltd., CLO 2022-1A, E(c) | |
| 11.93 | % | |
3M SOFR + 6.88% | |
04/20/2035 | |
| 500,000 | | |
| 481,869 | |
Regatta XVI Funding, Ltd., CLO 2019-2A, E(c) | |
| 12.26 | % | |
3M US L + 7.00% | |
01/15/2033 | |
| 1,400,000 | | |
| 1,329,026 | |
Regatta XXII Funding, Ltd., CLO 2022-2A, E(c) | |
| 12.24 | % | |
3M SOFR + 7.19% | |
07/20/2035 | |
| 1,350,000 | | |
| 1,273,362 | |
Regatta XXIII Funding, Ltd., CLO 2021-4A, E(c) | |
| 11.95 | % | |
3M US L + 6.70% | |
01/20/2035 | |
| 2,750,000 | | |
| 2,545,576 | |
Regatta XXIV Funding, Ltd., CLO 2021-5A, E(c) | |
| 12.05 | % | |
3M US L + 6.80% | |
01/20/2035 | |
| 250,000 | | |
| 237,699 | |
RR 19, Ltd., CLO 2021-19A, D(c) | |
| 11.76 | % | |
3M US L + 6.50% | |
10/15/2035 | |
| 500,000 | | |
| 472,683 | |
Sound Point CLO II, Ltd., CLO 2013-1A, B2R(c) | |
| 10.77 | % | |
3M US L + 5.50% | |
01/26/2031 | |
| 250,000 | | |
| 160,646 | |
Sound Point CLO XVIII, Ltd., CLO 2017-4A, D(c) | |
| 10.75 | % | |
3M US L + 5.50% | |
01/21/2031 | |
| 500,000 | | |
| 333,681 | |
Symphony CLO XXI, Ltd., CLO 2019-21A ER, ER(c) | |
| 11.86 | % | |
3M US L + 6.60% | |
07/15/2032 | |
| 1,000,000 | | |
| 858,212 | |
Symphony CLO XXIV, Ltd., CLO 2021-24A, E(c) | |
| 12.27 | % | |
3M US L + 7.00% | |
01/23/2032 | |
| 1,000,000 | | |
| 931,982 | |
THL Credit Wind River 2019-1 CLO, Ltd., CLO 2021-1A, ER(c) | |
| 11.85 | % | |
3M US L + 6.60% | |
07/20/2034 | |
| 875,000 | | |
| 687,889 | |
THL Credit Wind River CLO, Ltd., CLO 2017-4A, E(c) | |
| 11.18 | % | |
3M US L + 5.80% | |
11/20/2030 | |
| 500,000 | | |
| 422,045 | |
THL Credit Wind River CLO, Ltd., CLO 2021-1A, EE(c) | |
| 11.32 | % | |
3M US L + 7.06% | |
04/18/2036 | |
| 1,500,000 | | |
| 1,261,772 | |
Voya CLO 2020-2, Ltd., CLO 2021-2A, ER(c) | |
| 11.67 | % | |
3M US L + 6.40% | |
07/19/2034 | |
| 1,125,000 | | |
| 1,053,770 | |
Wind River 2021-3 CLO, Ltd., CLO 2021-3A, E(c) | |
| 11.85 | % | |
3M US L + 6.60% | |
07/20/2033 | |
| 1,000,000 | | |
| 858,861 | |
Total Collateralized Loan Obligations Debt (Cost $75,396,778) | |
| | | |
| |
| |
$ | 77,620,000 | | |
$ | 70,752,470 | |
| |
| | | |
| |
| |
| | | |
| | |
COLLATERALIZED LOAN OBLIGATIONS EQUITY(d)- 53.16%* (32.11% of Total Investments) | |
| | | |
| | |
ALM 2020, Ltd., CLO 2020-1A, SUB(c) | |
| N/A | | |
Estimated yield of 6.17% | |
10/15/2029 | |
| 5,000,000 | | |
| 1,667,865 | |
Anchorage Capital CLO 13 LLC, CLO 2019-13A, SUB(c) | |
| N/A | | |
Estimated yield of 16.42% | |
04/15/2034 | |
| 7,000,000 | | |
| 4,392,500 | |
Anchorage Capital CLO 16, Ltd., CLO 2020-16A, SUB(c) | |
| N/A | | |
Estimated yield of 16.41% | |
01/19/2035 | |
| 2,500,000 | | |
| 1,425,000 | |
Anchorage Capital CLO 18, Ltd., CLO 2021-18A, SUB(c) | |
| N/A | | |
Estimated yield of 17.55% | |
04/15/2034 | |
| 850,000 | | |
| 551,895 | |
Anchorage Capital CLO 19, Ltd., CLO 2021-19A, SUB(c) | |
| N/A | | |
Estimated yield of 15.98% | |
10/15/2034 | |
| 7,000,000 | | |
| 4,200,700 | |
Anchorage Capital CLO 1-R, Ltd., CLO 2018-1RA, SUB(c) | |
| N/A | | |
Estimated yield of 11.82% | |
04/13/2031 | |
| 4,150,000 | | |
| 1,658,684 | |
Anchorage Capital CLO 20, Ltd., CLO 2021-20A, SUB(c) | |
| N/A | | |
Estimated yield of 15.21% | |
01/20/2035 | |
| 1,750,000 | | |
| 1,076,425 | |
Anchorage Capital CLO 3-R, Ltd., CLO 2014-3RA, SUB(c) | |
| N/A | | |
Estimated yield of 11.16% | |
01/28/2031 | |
| 1,400,000 | | |
| 418,054 | |
Anchorage Capital CLO 7, Ltd., CLO 2015-7A, SUBA(c) | |
| N/A | | |
Estimated yield of 20.26% | |
01/28/2031 | |
| 1,750,000 | | |
| 505,645 | |
Apidos CLO XXVII, CLO 2017-27A, SUB(c) | |
| N/A | | |
Estimated yield of 6.18% | |
07/17/2030 | |
| 1,300,000 | | |
| 226,720 | |
ARES LI CLO, Ltd., CLO 2019-51A, SUB(c) | |
| N/A | | |
Estimated yield of 16.39% | |
07/15/2034 | |
| 2,646,041 | | |
| 1,353,140 | |
ARES LI CLO, Ltd., CLO 2019-51A, INC(c) | |
| N/A | | |
Estimated yield of 17.86% | |
07/15/2034 | |
| 1,699,959 | | |
| 869,330 | |
Ares XLI CLO, Ltd., CLO 2016-41A, SUB(c) | |
| N/A | | |
Estimated yield of 18.76% | |
04/15/2034 | |
| 2,343,500 | | |
| 863,662 | |
ARES XLIV CLO, Ltd., CLO 2017-44A, SUB(c) | |
| N/A | | |
Estimated yield of 15.48% | |
04/15/2034 | |
| 2,845,572 | | |
| 895,786 | |
Battalion CLO XV, Ltd., CLO 2020-15A, SUB(c) | |
| N/A | | |
Estimated yield of 13.06% | |
01/17/2033 | |
| 4,500,000 | | |
| 2,725,571 | |
Battalion CLO XVI, Ltd., CLO 2019-16A, SUB(c) | |
| N/A | | |
Estimated yield of 12.54% | |
12/19/2032 | |
| 3,500,000 | | |
| 1,863,750 | |
Carbone CLO, Ltd., CLO 2017-1A, SUB(c) | |
| N/A | | |
Estimated yield of 10.99% | |
01/20/2031 | |
| 7,850,000 | | |
| 3,287,195 | |
CARLYLE US CLO 2021-5, Ltd., CLO 2021-5A, SUB(c) | |
| N/A | | |
Estimated yield of 16.22% | |
07/20/2034 | |
| 4,000,000 | | |
| 2,667,392 | |
Carlyle US CLO, Ltd., CLO 2020-4A, SUBA(c) | |
| N/A | | |
Estimated yield of 21.59% | |
04/15/2035 | |
| 8,740,000 | | |
| 6,679,694 | |
Catamaran CLO, Ltd., CLO 2015-1A, SUB(c) | |
| N/A | | |
Estimated yield of 0.00% | |
04/22/2027 | |
| 750,000 | | |
| 405 | |
CIFC Funding 2017-III, Ltd., CLO 2017-3A, SUB(c) | |
| N/A | | |
Estimated yield of 5.23% | |
07/20/2030 | |
| 1,400,000 | | |
| 389,508 | |
CIFC Funding 2017-V, Ltd., CLO 2017-5A, SUB(c) | |
| N/A | | |
Estimated yield of 6.90% | |
11/16/2030 | |
| 4,500,000 | | |
| 1,473,435 | |
CIFC Funding 2018-I, Ltd., CLO 2018-1A, SUB(c) | |
| N/A | | |
Estimated yield of 12.37% | |
04/18/2031 | |
| 3,250,000 | | |
| 1,559,197 | |
CIFC Funding 2018-III, Ltd., CLO 2018-3A, SUB(c) | |
| N/A | | |
Estimated yield of 12.33% | |
07/18/2031 | |
| 3,000,000 | | |
| 1,329,873 | |
| |
| | |
Reference Rate | |
Maturity | |
Principal | | |
| |
| |
Coupon(a) | | |
& Spread | |
Date | |
Amount | | |
Value | |
COLLATERALIZED LOAN OBLIGATIONS EQUITY(d) (continued) | |
| | |
| |
CIFC Funding 2019-III, Ltd., CLO 2019-3A, SUB(c) | |
| N/A | | |
Estimated yield of 18.99% | |
10/16/2034 | |
$ | 750,000 | | |
$ | 524,925 | |
CIFC Funding 2019-V, Ltd., CLO 2019-5A, SUB(c) | |
| N/A | | |
Estimated yield of 20.41% | |
01/15/2035 | |
| 1,000,000 | | |
| 700,000 | |
CIFC Funding 2019-V, Ltd., CLO 2019-5A, INC(c) | |
| N/A | | |
Estimated yield of 18.71% | |
01/15/2035 | |
| 2,500,000 | | |
| 1,750,000 | |
CIFC Funding 2020-II, Ltd., CLO 2020-2A, INC(c) | |
| N/A | | |
Estimated yield of 27.82% | |
10/20/2034 | |
| 1,000,000 | | |
| 706,613 | |
CIFC Funding 2020-III, Ltd., CLO 2020-3A, SUB(c) | |
| N/A | | |
Estimated yield of 21.09% | |
10/20/2034 | |
| 150,000 | | |
| 106,485 | |
CIFC Funding 2021-II, CLO 2021-2A, SUB(c) | |
| N/A | | |
Estimated yield of 17.91% | |
04/15/2034 | |
| 4,000,000 | | |
| 2,752,932 | |
CIFC Funding 2021-VII, Ltd., CLO 2021-7A, SUB(c) | |
| N/A | | |
Estimated yield of 19.32% | |
01/23/2035 | |
| 1,000,000 | | |
| 730,000 | |
Dryden 43 Senior Loan Fund, CLO 2016-43A, SUB(c) | |
| N/A | | |
Estimated yield of 13.54% | |
04/20/2034 | |
| 3,000,000 | | |
| 1,434,600 | |
Dryden 87 CLO, Ltd., CLO 2021-87A, SUB(c) | |
| N/A | | |
Estimated yield of 16.87% | |
05/20/2034 | |
| 2,000,000 | | |
| 1,290,400 | |
Dryden 95 CLO, Ltd., CLO 2021-95A, SUB(c) | |
| N/A | | |
Estimated yield of 17.19% | |
08/20/2034 | |
| 1,750,000 | | |
| 1,060,101 | |
Elmwood CLO 14, Ltd., CLO 2022-1A, SUB(c) | |
| N/A | | |
Estimated yield of 20.66% | |
04/20/2035 | |
| 10,000,000 | | |
| 7,800,000 | |
Elmwood CLO I, Ltd., CLO 2019-1A, SUB(c) | |
| N/A | | |
Estimated yield of 14.61% | |
10/20/2033 | |
| 6,000,000 | | |
| 3,518,400 | |
Elmwood CLO II, Ltd., CLO 2019-2A, SUB(c) | |
| N/A | | |
Estimated yield of 17.16% | |
04/20/2034 | |
| 6,500,000 | | |
| 4,626,557 | |
Elmwood CLO III, Ltd., CLO 2019-3A, SUB(c) | |
| N/A | | |
Estimated yield of 16.75% | |
10/20/2034 | |
| 5,250,000 | | |
| 3,477,600 | |
Elmwood CLO VII, Ltd., CLO 2020-4A, SUB(c) | |
| N/A | | |
Estimated yield of 16.94% | |
01/17/2034 | |
| 8,350,000 | | |
| 5,951,997 | |
Elmwood CLO VIII, Ltd., CLO 2021-1A, SUB(c) | |
| N/A | | |
Estimated yield of 16.61% | |
01/20/2034 | |
| 5,000,000 | | |
| 3,681,435 | |
Invesco CLO, Ltd., CLO 2021-1A, SUB(c) | |
| N/A | | |
Estimated yield of 18.15% | |
04/15/2034 | |
| 3,000,000 | | |
| 2,051,076 | |
Invesco CLO, Ltd., CLO 2021-2A, SUB(c)(e) | |
| N/A | | |
Estimated yield of 16.56% | |
07/15/2034 | |
| 5,000,000 | | |
| 3,187,365 | |
Invesco CLO, Ltd., CLO 2021-2A, SUB(c)(f) | |
| N/A | | |
Estimated yield of 0.00% | |
07/15/2034 | |
| 500,000 | | |
| 123,010 | |
Madison Park Funding XVIII, Ltd., CLO 2015-18A, SUB(c) | |
| N/A | | |
Estimated yield of 12.37% | |
10/21/2030 | |
| 4,000,000 | | |
| 1,459,520 | |
Madison Park Funding XX, Ltd., CLO 2016-20A, SUB(c) | |
| N/A | | |
Estimated yield of 19.71% | |
07/27/2030 | |
| 1,740,000 | | |
| 767,079 | |
Madison Park Funding XXIX, Ltd., CLO 2018-29A, SUB(c) | |
| N/A | | |
Estimated yield of 15.39% | |
10/18/2047 | |
| 3,750,000 | | |
| 1,979,194 | |
Madison Park Funding XXVIII, Ltd., CLO 2018-28A, SUB(c) | |
| N/A | | |
Estimated yield of 17.88% | |
07/15/2030 | |
| 5,000,000 | | |
| 2,907,875 | |
Madison Park Funding XXXVII, Ltd., CLO 2019-37A, SUB(c) | |
| N/A | | |
Estimated yield of 21.66% | |
07/15/2049 | |
| 5,500,000 | | |
| 3,910,500 | |
Magnetite XIX, Ltd., CLO 2017-19A, SUB(c) | |
| N/A | | |
Estimated yield of 27.97% | |
04/17/2034 | |
| 3,200,000 | | |
| 1,865,283 | |
Niagara Park CLO, Ltd., CLO 2019-1A, SUB(c) | |
| N/A | | |
Estimated yield of 13.21% | |
07/17/2032 | |
| 2,648,000 | | |
| 1,349,421 | |
NYACK Park CLO, Ltd., CLO 2021-1A, SUB(c) | |
| N/A | | |
Estimated yield of 15.98% | |
10/20/2034 | |
| 1,000,000 | | |
| 695,100 | |
Oak Hill Credit Partners X-R, Ltd., CLO 2014-10RA, SUB(c) | |
| N/A | | |
Estimated yield of 17.25% | |
04/20/2034 | |
| 6,673,000 | | |
| 2,684,074 | |
OHA Credit Partners XI, Ltd., CLO 2015-11A, SUB(c) | |
| N/A | | |
Estimated yield of 12.78% | |
01/20/2032 | |
| 2,750,000 | | |
| 1,337,875 | |
OHA Credit Partners XII, Ltd., CLO 2016-12A, SUB(c) | |
| N/A | | |
Estimated yield of 13.54% | |
07/23/2030 | |
| 1,500,000 | | |
| 729,360 | |
OHA Credit Partners XIII, Ltd., CLO 2016-13A, SUB(c) | |
| N/A | | |
Estimated yield of 23.67% | |
10/21/2034 | |
| 1,600,000 | | |
| 967,765 | |
Point Au Roche Park CLO, Ltd., CLO 2021-1A, SUB(c) | |
| N/A | | |
Estimated yield of 13.89% | |
07/20/2034 | |
| 5,000,000 | | |
| 3,156,690 | |
Recette CLO, Ltd., CLO 2015-1A, SUB(c)(e) | |
| N/A | | |
Estimated yield of 13.70% | |
04/20/2034 | |
| 10,400,000 | | |
| 3,863,454 | |
Recette CLO, Ltd., CLO 2015-1A, SUB(c)(f) | |
| N/A | | |
Estimated yield of 0.00% | |
04/20/2034 | |
| 10,400,000 | | |
| 15,184 | |
Regatta XIX Funding, Ltd., CLO 2022-1A, SUB(c) | |
| N/A | | |
Estimated yield of 22.61% | |
04/20/2035 | |
| 6,017,000 | | |
| 5,023,208 | |
Regatta XVIII Funding, Ltd., CLO 2021-1A, SUB(c) | |
| N/A | | |
Estimated yield of 14.91% | |
01/15/2034 | |
| 7,175,322 | | |
| 4,861,690 | |
Regatta XXIV Funding, Ltd., CLO 2021-5A, SUB(c) | |
| N/A | | |
Estimated yield of 14.97% | |
01/20/2035 | |
| 5,000,000 | | |
| 3,150,000 | |
Rockland Park CLO, Ltd., CLO 2021-1A, SUB(c) | |
| N/A | | |
Estimated yield of 14.35% | |
04/20/2034 | |
| 9,000,000 | | |
| 5,265,900 | |
Rockland Park CLO, Ltd., CLO 2021-1A, M1(c)(f) | |
| N/A | | |
Estimated yield of 0.00% | |
04/20/2034 | |
| 9,000,000 | | |
| 25,830 | |
Rockland Park CLO, Ltd., CLO 2021-1A, M2(c)(f) | |
| N/A | | |
Estimated yield of 0.00% | |
04/20/2034 | |
| 9,000,000 | | |
| 90,270 | |
Sixth Street CLO XVII, Ltd., CLO 2021-17A, SUB(c) | |
| N/A | | |
Estimated yield of 16.20% | |
01/20/2034 | |
| 1,100,000 | | |
| 733,409 | |
THL Credit Wind River CLO, Ltd., CLO 2018-3A, SUB(c) | |
| N/A | | |
Estimated yield of 15.27% | |
01/20/2031 | |
| 3,000,000 | | |
| 1,579,200 | |
THL Credit Wind River CLO, Ltd., CLO 2018-2A, SUB(c) | |
| N/A | | |
Estimated yield of 10.18% | |
07/15/2030 | |
| 3,031,000 | | |
| 1,082,361 | |
Thompson Park CLO, Ltd., CLO 2021-1A, SUB(c) | |
| N/A | | |
Estimated yield of 19.94% | |
04/15/2034 | |
| 4,000,000 | | |
| 3,100,400 | |
Wind River CLO, Ltd., CLO 2016-1A, SUB(c) | |
| N/A | | |
Estimated yield of 0.00% | |
07/15/2028 | |
| 4,000,000 | | |
| 400 | |
Total Collateralized Loan Obligations Equity (Cost $177,747,507) | |
| | | |
| |
| |
$ | 275,959,394 | | |
$ | 140,155,964 | |
| |
| | |
Reference Rate | |
Maturity | |
Principal | | |
| |
| |
Coupon(a) | | |
& Spread | |
Date | |
Amount | | |
Value | |
CORPORATE BONDS - 6.66%* (4.02% of Total Investments) (continued) | |
| | |
| |
Chemicals - 0.13% (0.08% of Total Investments) | |
| | |
| |
Herens Holdco Sarl, Senior Secured(c) | |
| 4.75 | % | |
N/A | |
05/15/2028 | |
$ | 444,000 | | |
$ | 341,792 | |
| |
| | | |
| |
| |
| | | |
| | |
Diversified Consumer Services - 0.15% (0.09% of Total Investments) | |
| | | |
| | |
Sabre GLBL, Inc., Senior Secured(c) | |
| 11.25 | % | |
N/A | |
12/15/2027 | |
| 461,000 | | |
| 390,698 | |
| |
| | | |
| |
| |
| | | |
| | |
Diversified Telecommunication Services - 0.85% (0.51% of Total Investments) | |
| | | |
| | |
Altice Financing SA, Senior Secured(c) | |
| 5.75 | % | |
N/A | |
08/15/2029 | |
| 1,197,000 | | |
| 927,950 | |
Altice France SA, Senior Secured(c) | |
| 5.50 | % | |
N/A | |
10/15/2029 | |
| 667,000 | | |
| 479,302 | |
Consolidated Communications, Inc., Senior Secured(c) | |
| 5.00 | % | |
N/A | |
10/01/2028 | |
| 1,125,000 | | |
| 843,750 | |
Total Diversified Telecommunication Services | |
| | | |
| |
| |
| 2,989,000 | | |
| 2,251,002 | |
| |
| | | |
| |
| |
| | | |
| | |
Electric Utilities - 0.35% (0.21% of Total Investments) | |
| |
| | | |
| | |
PG&E Corp., Senior Secured | |
| 5.00 | % | |
N/A | |
07/01/2028 | |
| 1,000,000 | | |
| 918,060 | |
| |
| | | |
| |
| |
| | | |
| | |
Electronic Equipment, Instruments & Components - 0.05% (0.03% of Total Investments) | | |
| | |
Coherent Corp., Senior Unsecured(c) | |
| 5.00 | % | |
N/A | |
12/15/2029 | |
| 146,000 | | |
| 131,765 | |
| |
| | | |
| |
| |
| | | |
| | |
Gas Utilities - 0.32% (0.19% of Total Investments) | |
| |
| | | |
| | |
Ferrellgas LP / Ferrellgas Finance Corp., Senior Unsecured(c) | |
| 5.88 | % | |
N/A | |
04/01/2029 | |
| 1,000,000 | | |
| 837,500 | |
| |
| | | |
| |
| |
| | | |
| | |
Health Care Equipment & Supplies - 0.26% (0.16% of Total Investments) | |
| | | |
| | |
Medline Borrower LP, Senior Unsecured(c) | |
| 5.25 | % | |
N/A | |
10/01/2029 | |
| 62,000 | | |
| 53,759 | |
Mozart Debt Merger Sub, Inc., Senior Secured(c) | |
| 3.88 | % | |
N/A | |
04/01/2029 | |
| 727,000 | | |
| 630,309 | |
Total Health Care Equipment & Supplies | |
| | | |
| |
| |
| 789,000 | | |
| 684,068 | |
| |
| | | |
| |
| |
| | | |
| | |
Health Care Technology - 0.45% (0.27% of Total Investments) | |
| |
| | | |
| | |
AthenaHealth Group, Inc., Senior Unsecured(c) | |
| 6.50 | % | |
N/A | |
02/15/2030 | |
| 1,411,000 | | |
| 1,189,895 | |
| |
| | | |
| |
| |
| | | |
| | |
Hotels, Restaurants & Leisure - 0.73% (0.43% of Total Investments) | |
| | | |
| | |
CEC Entertainment LLC, Senior Secured(c) | |
| 6.75 | % | |
N/A | |
05/01/2026 | |
| 470,000 | | |
| 449,085 | |
Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc., Senior Unsecured(c) | |
| 6.75 | % | |
N/A | |
01/15/2030 | |
| 328,000 | | |
| 278,615 | |
Hilton Grand Vacations Borrower Escrow LLC / Hilton Grand Vacations Borrower Esc, Senior Unsecured(c) | |
| 5.00 | % | |
N/A | |
06/01/2029 | |
| 529,000 | | |
| 469,609 | |
Scientific Games Holdings LP/Scientific Games US FinCo, Inc., Senior Unsecured(c) | |
| 6.63 | % | |
N/A | |
03/01/2030 | |
| 205,000 | | |
| 180,400 | |
SeaWorld Parks & Entertainment, Inc., Senior Unsecured(c) | |
| 5.25 | % | |
N/A | |
08/15/2029 | |
| 600,000 | | |
| 539,063 | |
Total Hotels, Restaurants & Leisure | |
| | | |
| |
| |
| 2,132,000 | | |
| 1,916,772 | |
| |
| | | |
| |
| |
| | | |
| | |
Industrial Conglomerates - 0.51% (0.31% of Total Investments) | |
| |
| | | |
| | |
APi Group DE, Inc., Senior Unsecured(c) | |
| 4.75 | % | |
N/A | |
10/15/2029 | |
| 1,034,000 | | |
| 928,563 | |
MajorDrive Holdings IV LLC, Senior Unsecured(c) | |
| 6.38 | % | |
N/A | |
06/01/2029 | |
| 545,000 | | |
| 432,367 | |
Total Industrial Conglomerates | |
| | | |
| |
| |
| 1,579,000 | | |
| 1,360,930 | |
| |
| | | |
| |
| |
| | | |
| | |
Insurance - 0.49% (0.30% of Total Investments) | |
| |
| | | |
| | |
Alliant Holdings Intermediate LLC / Alliant Holdings Co.-Issuer, Senior Secured(c) | |
| 4.25 | % | |
N/A | |
10/15/2027 | |
| 750,000 | | |
| 680,625 | |
Alliant Holdings Intermediate LLC / Alliant Holdings Co.-Issuer, Senior Secured(c) | |
| 6.75 | % | |
N/A | |
04/15/2028 | |
| 622,000 | | |
| 612,670 | |
Total Insurance | |
| | | |
| |
| |
| 1,372,000 | | |
| 1,293,295 | |
| |
| | |
Reference Rate | |
Maturity | |
Principal | | |
| |
| |
Coupon(a) | | |
& Spread | |
Date | |
Amount | | |
Value | |
SECURED SECOND LIEN LOANS(b) (continued) | |
| | |
| |
Diversified Financial Services - 0.08% (0.05% of Total Investments) | |
| | |
| |
Nexus Buyer LLC, TL | |
| 11.45 | % | |
1M SOFR + 6.25% | |
11/05/2029 | |
$ | 245,536 | | |
$ | 218,834 | |
| |
| | | |
| |
| |
| | | |
| | |
Electronic Equipment, Instruments & Components - 0.02% (0.01% of Total Investments) | |
| | |
Infinite Bidco LLC, Initial | |
| 12.50 | % | |
3M US L + 7.00% | |
03/02/2029 | |
| 69,869 | | |
| 58,603 | |
| |
| | | |
| |
| |
| | | |
| | |
Health Care Providers & Services - 0.05% (0.03% of Total Investments) | |
| | | |
| | |
Verscend Holding Corp., Initial | |
| 12.22 | % | |
1M SOFR + 7.00% | |
04/02/2029 | |
| 135,802 | | |
| 135,802 | |
| |
| | | |
| |
| |
| | | |
| | |
Insurance - 0.35% (0.21% of Total Investments) | |
| |
| | | |
| | |
Asurion LLC, New B-4 | |
| 10.45 | % | |
1M SOFR + 5.25% | |
01/20/2029 | |
| 1,104,603 | | |
| 923,724 | |
| |
| | | |
| |
| |
| | | |
| | |
Professional Services - 0.06% (0.04% of Total Investments) |
| |
| | | |
| | |
National Intergovernmental Purchasing Alliance Co. | |
| 12.74 | % | |
3M SOFR + 7.50% | |
05/26/2026 | |
| 169,482 | | |
| 157,619 | |
| |
| | | |
| |
| |
| | | |
| | |
Software - 0.62% (0.37% of Total Investments) | |
| |
| | | |
| | |
Ascend Learning 11/21 2nd Lien TL | |
| 10.95 | % | |
1M SOFR + 5.75% | |
12/10/2029 | |
| 462,963 | | |
| 391,588 | |
DCert Buyer, Inc., First Amendment Refinancing | |
| 12.26 | % | |
3M SOFR + 7.00% | |
02/19/2029 | |
| 156,627 | | |
| 142,792 | |
EagleView Technology Corp., Term Loan 2nd Lien | |
| 13.04 | % | |
3M US L + 7.50% | |
08/14/2026 | |
| 198,167 | | |
| 157,543 | |
MH Sub I LLC, 2021 Replacement | |
| 11.35 | % | |
1M SOFR + 6.25% | |
02/23/2029 | |
| 1,000,000 | | |
| 866,880 | |
Ultimate Software 11/21 2nd Lien TL | |
| 10.27 | % | |
1M SOFR + 5.25% | |
05/03/2027 | |
| 75,676 | | |
| 73,189 | |
Total Software | |
| | | |
| |
| |
| 1,893,433 | | |
| 1,631,992 | |
| |
| | | |
| |
| |
| | | |
| | |
Total Secured Second Lien Loans (Cost $9,567,714) | |
| | | |
| |
| |
$ | 9,667,843 | | |
$ | 7,998,518 | |
| |
| | | |
| |
| |
| | | |
| | |
SENIOR
SECURED FIRST LIEN LOANS(b) - 70.59%* (42.64%
of Total Investments) | |
| | |
Aerospace & Defense - 1.46% (0.88% of Total Investments) | |
| |
| | | |
| | |
Amentum Government Services Holdings LLC TLD 1L | |
| 9.15 | % | |
1M SOFR + 4.00% | |
02/15/2029 | |
| 1,864,008 | | |
| 1,817,408 | |
Constellis Holdings LLC, Priority | |
| 12.96 | % | |
3M US L + 7.75% | |
09/27/2025 | |
| 120,663 | | |
| 100,150 | |
Peraton Corp., B | |
| 8.85 | % | |
1M US L + 3.75% | |
02/01/2028 | |
| 1,848,334 | | |
| 1,812,366 | |
Spirit AeroSystems, Inc. TL 1L | |
| 9.55 | % | |
3M SOFR + 4.50% | |
01/15/2027 | |
| 114,083 | | |
| 114,254 | |
Total Aerospace & Defense | |
| | | |
| |
| |
| 3,947,088 | | |
| 3,844,178 | |
| |
| | | |
| |
| |
| | | |
| | |
Air Freight & Logistics - 0.90% (0.55% of Total Investments) | |
| |
| | | |
| | |
Apple Bidco LLC | |
| 9.10 | % | |
1M SOFR + 4.00% | |
09/22/2028 | |
| 534,070 | | |
| 530,732 | |
Brown Group Hldg TLB2 1L | |
| 8.85 | % | |
3M SOFR + 3.75% | |
07/02/2029 | |
| 560,932 | | |
| 559,429 | |
LaserShip, Inc., Initial | |
| 9.69 | % | |
1M US L + 4.50% | |
05/07/2028 | |
| 1,570,463 | | |
| 1,287,779 | |
Total Air Freight & Logistics | |
| | | |
| |
| |
| 2,665,465 | | |
| 2,377,940 | |
| |
| | | |
| |
| |
| | | |
| | |
Airlines - 1.09% (0.66% of Total Investments) | | |
| |
| |
| | | |
| | |
AVOLON TLB BORROWER 1 (US) LLC, TL | |
| 7.58 | % | |
1M SOFR + 2.50% | |
06/22/2028 | |
| 1,422,557 | | |
| 1,420,779 | |
United AirLines, Inc., Class B | |
| 9.29 | % | |
3M US L + 3.75% | |
04/21/2028 | |
| 1,443,185 | | |
| 1,440,385 | |
Total Airlines | |
| | | |
| |
| |
| 2,865,742 | | |
| 2,861,164 | |
| |
| | | |
| |
| |
| | | |
| | |
Auto Components - 2.37% (1.43% of Total Investments) | | |
| |
| |
| | | |
| | |
Clarios Global LP, TL | |
| 8.85 | % | |
1M SOFR + 3.75% | |
05/06/2030 | |
| 710,233 | | |
| 707,790 | |
Dealer Tire Financial LLC | |
| 9.60 | % | |
1M SOFR + 4.50% | |
12/14/2027 | |
| 1,099,204 | | |
| 1,093,708 | |
First Brands Group, LLC, Refinanced | |
| 10.25 | % | |
3M SOFR + 5.00% | |
03/30/2027 | |
| 568,570 | | |
| 555,425 | |
FIRST BRANDS GROUP, LLC, TL | |
| 10.25 | % | |
6M SOFR + 5.43% | |
03/30/2027 | |
| 868,526 | | |
| 847,899 | |
Garrett Motion SARL TLB 1L | |
| 9.73 | % | |
3M SOFR + 4.50% | |
04/30/2028 | |
| 1,373,613 | | |
| 1,346,141 | |
IXS Holdings, Inc., Initial | |
| 9.48 | % | |
3M SOFR + 4.25% | |
03/05/2027 | |
| 1,153,403 | | |
| 1,001,062 | |
LTR Intermediate Holdings, Inc., Initial | |
| 9.72 | % | |
3M US L + 6.05% | |
05/05/2028 | |
| 366,366 | | |
| 322,402 | |
| |
| | |
Reference Rate | |
Maturity | |
Principal | | |
| |
| |
Coupon(a) | | |
& Spread | |
Date | |
Amount | | |
Value | |
SENIOR SECURED FIRST LIEN LOANS(b) (continued) | |
| | |
| |
Auto Components (continued) | |
| | |
| |
PHINIA INC., TL(g) | |
| N/A | | |
SOFR + 4.00% | |
06/08/2028 | |
$ | 375,567 | | |
$ | 374,628 | |
Total Auto Components | |
| | | |
| |
| |
| 6,515,482 | | |
| 6,249,055 | |
| |
| | | |
| |
| |
| | | |
| | |
Automobiles - 0.47% (0.29% of Total Investments) | |
| |
| | | |
| | |
American Axle & Manufacturing, Inc., TLB | |
| 8.75 | % | |
1M SOFR + 3.50% | |
12/13/2029 | |
| 223,600 | | |
| 222,762 | |
Driven Holdings LLC, TLB | |
| 8.15 | % | |
1M US L + 3.00% | |
12/17/2028 | |
| 97,681 | | |
| 95,484 | |
RVR Dealership Holdings LLC, B | |
| 8.97 | % | |
3M SOFR + 3.75% | |
02/08/2028 | |
| 1,002,293 | | |
| 930,879 | |
Total Automobiles | |
| | | |
| |
| |
| 1,323,574 | | |
| 1,249,125 | |
| |
| | | |
| |
| |
| | | |
| | |
Beverages - 0.07% (0.05% of Total Investments) | |
| |
| | | |
| | |
Triton Water Holdings, Inc., Initial | |
| 8.74 | % | |
3M SOFR + 3.50% | |
03/31/2028 | |
| 201,230 | | |
| 194,220 | |
| |
| | | |
| |
| |
| | | |
| | |
Building Products - 1.49% (0.90% of Total Investments) | |
| |
| | | |
| | |
Cornerstone Building Brands, Inc., Tranche B | |
| 8.50 | % | |
1M SOFR + 3.25% | |
04/12/2028 | |
| 381,502 | | |
| 364,575 | |
Foundation Building Materials, Inc., Initial | |
| 8.52 | % | |
3M US L + 3.25% | |
01/31/2028 | |
| 222,213 | | |
| 215,522 | |
LHS Borrower | |
| 9.95 | % | |
1M SOFR + 4.75% | |
02/16/2029 | |
| 908,871 | | |
| 754,817 | |
Osmosis Buyer, Ltd., Initial B | |
| 8.90 | % | |
1M SOFR + 3.75% | |
07/31/2028 | |
| 1,285,691 | | |
| 1,260,620 | |
Park River Holdings, Inc., Initial | |
| 8.52 | % | |
6M US L + 3.25% | |
12/28/2027 | |
| 94,386 | | |
| 90,321 | |
Snap One 11/21 Cov-Lite TLB | |
| 9.89 | % | |
3M SOFR + 4.50% | |
12/08/2028 | |
| 754,634 | | |
| 718,162 | |
Visual Comfort Group, Inc. (fka VC GB Holdings, Inc.)(aka Visual Comfort Generation Brands), Initial 1st Lien Term Loan | |
| 8.48 | % | |
3M US L + 3.00% | |
07/21/2028 | |
| 320,617 | | |
| 310,863 | |
White Cap Buyer LLC, Initial Closing Date | |
| 8.85 | % | |
1M SOFR + 3.75% | |
10/19/2027 | |
| 217,035 | | |
| 214,804 | |
Total Building Products | |
| | | |
| |
| |
| 4,184,949 | | |
| 3,929,684 | |
| |
| | | |
| |
| |
| | | |
| | |
Capital Markets - 0.63% (0.38% of Total Investments) |
| |
| | | |
| | |
Hudson River Trading LLC, Term Loan | |
| 8.22 | % | |
1M SOFR + 3.00% | |
03/20/2028 | |
| 1,721,201 | | |
| 1,671,286 | |
| |
| | | |
| |
| |
| | | |
| | |
Chemicals - 3.45% (2.08% of Total Investments) | |
| |
| | | |
| | |
CP Iris Holdco I, Inc. | |
| | | |
| |
| |
| | | |
| | |
Delayed Draw(g)(h) | |
| N/A | | |
SOFR + 3.75% | |
10/02/2028 | |
| 5,643 | | |
| 2,293 | |
Initial | |
| 8.95 | % | |
1M SOFR + 3.75% | |
10/02/2028 | |
| 225,587 | | |
| 209,007 | |
Discovery Purchaser Corporation TL 1L | |
| 9.62 | % | |
3M SOFR + 4.38% | |
10/04/2029 | |
| 655,603 | | |
| 625,898 | |
Herens Holdco S.a r.l., Facility B | |
| 9.27 | % | |
3M SOFR + 3.93% | |
07/03/2028 | |
| 1,597,515 | | |
| 1,346,354 | |
Hexion Holdings Corp. TL 1L | |
| 9.78 | % | |
3M SOFR + 4.50% | |
03/15/2029 | |
| 846,192 | | |
| 796,343 | |
Ineos US Finance LLC, TLB | |
| | | |
| |
| |
| | | |
| | |
2027-II | |
| 8.95 | % | |
1M SOFR + 3.75% | |
11/08/2027 | |
| 240,394 | | |
| 239,327 | |
2030 | |
| 8.70 | % | |
1M SOFR + 3.50% | |
02/15/2030 | |
| 642,114 | | |
| 637,869 | |
LSF11 A5 HoldCo, LLC TLB 1L | |
| 8.72 | % | |
1M SOFR + 3.50% | |
10/15/2028 | |
| 546,829 | | |
| 538,627 | |
Lummus Technology Holdings V LLC, 2021 Refinancing B | |
| 8.72 | % | |
1M US L + 3.50% | |
06/30/2027 | |
| 1,049,092 | | |
| 1,038,979 | |
Nouryon Finance B.V., TLB | |
| 8.99 | % | |
3M SOFR + 4.00% | |
04/03/2028 | |
| 396,621 | | |
| 392,488 | |
Olympus Water US Holding Corp. | |
| | | |
| |
| |
| | | |
| | |
2022 Incremental TL | |
| 9.84 | % | |
3M SOFR + 4.50% | |
11/09/2028 | |
| 330,909 | | |
| 318,241 | |
Inital | |
| 9.25 | % | |
3M SOFR + 3.75% | |
11/09/2028 | |
| 345,025 | | |
| 330,793 | |
PMHC II, Inc. TL | |
| 9.30 | % | |
3M SOFR + 4.25% | |
04/21/2029 | |
| 1,439,267 | | |
| 1,264,756 | |
Polar US Borrower LLC, Initial | |
| 9.72 | % | |
3M SOFR + 4.75% | |
10/15/2025 | |
| 838,635 | | |
| 659,025 | |
VANTAGE SPECIALTY CHEMICALS, INC., TLB | |
| 9.90 | % | |
1M SOFR + 4.75% | |
10/26/2026 | |
| 704,441 | | |
| 682,955 | |
Total Chemicals | |
| | | |
| |
| |
| 9,863,867 | | |
| 9,082,955 | |
| |
| | | |
| |
| |
| | | |
| | |
Commercial Services & Supplies - 2.68% (1.62% of Total Investments) | |
| | | |
| | |
Allied Universal Holdco LLC, Initial U.S. Dollar | |
| 8.95 | % | |
1M SOFR + 3.75% | |
05/12/2028 | |
| 1,222,726 | | |
| 1,186,729 | |
Allied Universal Holdco LLC TLB 1L | |
| 9.88 | % | |
3M SOFR + 4.75% | |
05/12/2028 | |
| 1,602,274 | | |
| 1,562,890 | |
Ankura Consulting Group LLC, Closing Date | |
| 9.72 | % | |
1M SOFR + 4.50% | |
03/17/2028 | |
| 176,123 | | |
| 171,720 | |
| |
| | |
Reference Rate | |
Maturity | |
Principal | | |
| |
| |
Coupon(a) | | |
& Spread | |
Date | |
Amount | | |
Value | |
SENIOR SECURED FIRST LIEN LOANS(b) (continued) | |
| | |
| |
Commercial Services & Supplies (continued) | |
| | |
| |
Belfor Holdings, Inc. | |
| 9.35 | % | |
1M SOFR + 4.25% | |
04/06/2026 | |
$ | 927,950 | | |
$ | 927,950 | |
BRIGHTVIEW LANDSCAPES, LLC TLB1L | |
| 8.30 | % | |
3M SOFR + 3.25% | |
04/20/2029 | |
| 1,265,956 | | |
| 1,244,599 | |
Garda World Security Corporation TLB 1L | |
| 9.33 | % | |
1M SOFR + 4.25% | |
02/01/2029 | |
| 541,328 | | |
| 534,729 | |
Viad Corp, Initial | |
| 10.22 | % | |
1M SOFR + 5.00% | |
07/30/2028 | |
| 1,477,500 | | |
| 1,433,175 | |
Total Commercial Services & Supplies | |
| | | |
| |
| |
| 7,213,857 | | |
| 7,061,792 | |
| |
| | | |
| |
| |
| | | |
| | |
Communications Equipment - 0.40% (0.24% of Total Investments) | |
| |
| | | |
| | |
Casa Systems, Inc., Initial | |
| 12.22 | % | |
3M SOFR + 6.50% | |
12/20/2023 | |
| 730,277 | | |
| 653,598 | |
Global Tel*Link Corp., 2018 | |
| 9.45 | % | |
1M US L + 4.25% | |
11/29/2025 | |
| 444,313 | | |
| 406,546 | |
Total Communications Equipment | |
| | | |
| |
| |
| 1,174,590 | | |
| 1,060,144 | |
| |
| | | |
| |
| |
| | | |
| | |
Construction & Engineering - 1.09% (0.66% of Total Investments) | |
| |
| | | |
| | |
DG Investment Intermediate Hlgds, Inc. TL 1L | |
| 9.90 | % | |
3M SOFR + 4.75% | |
03/31/2028 | |
| 1,471,324 | | |
| 1,442,824 | |
DG Investment Intermediate Holdings 2, Inc., Initial | |
| 8.97 | % | |
1M US L + 3.75% | |
03/31/2028 | |
| 84,851 | | |
| 83,133 | |
TRC Companies 11/21 TL | |
| 8.90 | % | |
3M US L + 3.75% | |
12/08/2028 | |
| 1,385,835 | | |
| 1,359,850 | |
Total Construction & Engineering | |
| | | |
| |
| |
| 2,942,010 | | |
| 2,885,807 | |
| |
| | | |
| |
| |
| | | |
| | |
Construction Materials - 0.45% (0.27% of Total Investments) | |
| |
| | | |
| | |
Schweitzer-Mauduit International, Inc., B | |
| 9.00 | % | |
1M US L + 3.75% | |
04/20/2028 | |
| 489,431 | | |
| 469,854 | |
Smyrna Ready Mix Concrete, LLC TLB 1L | |
| 9.45 | % | |
1M SOFR + 4.25% | |
04/02/2029 | |
| 705,312 | | |
| 704,430 | |
Total Construction Materials | |
| | | |
| |
| |
| 1,194,743 | | |
| 1,174,284 | |
| |
| | | |
| |
| |
| | | |
| | |
Containers & Packaging - 2.57% (1.55% of Total Investments) | |
| |
| | | |
| | |
Clydesdale Acquisition Holdings, Inc. | |
| 9.38 | % | |
1M SOFR + 4.18% | |
04/13/2029 | |
| 2,542,576 | | |
| 2,498,920 | |
LABL, INC. TL 1L | |
| 10.20 | % | |
1M SOFR + 5.00% | |
10/29/2028 | |
| 959,730 | | |
| 949,039 | |
Pelican Products, Inc. TL | |
| 9.64 | % | |
3M SOFR + 4.25% | |
12/29/2028 | |
| 485,125 | | |
| 438,432 | |
Pretium PKG Holdings, Inc., Initial | |
| 9.29 | % | |
3M US L + 4.00% | |
10/02/2028 | |
| 245,568 | | |
| 182,558 | |
RLG Holdings LLC, Closing Date Initial | |
| 9.47 | % | |
1M SOFR + 4.25% | |
07/07/2028 | |
| 1,652,454 | | |
| 1,567,352 | |
Sabert Corp., Initial | |
| 9.72 | % | |
1M US L + 4.50% | |
12/10/2026 | |
| 1,132,754 | | |
| 1,129,922 | |
Total Containers & Packaging | |
| | | |
| |
| |
| 7,018,207 | | |
| 6,766,223 | |
| |
| | | |
| |
| |
| | | |
| | |
Distributors - 0.88% (0.53% of Total Investments) | |
| |
| | | |
| | |
American Tire Distributors, Inc., TLB | |
| 11.49 | % | |
3M SOFR + 6.25% | |
10/20/2028 | |
| 496,443 | | |
| 429,309 | |
BCPE Empire Holdings, Inc. | |
| 9.83 | % | |
1M SOFR + 4.75% | |
12/11/2028 | |
| 1,894,679 | | |
| 1,887,877 | |
Total Distributors | |
| | | |
| |
| |
| 2,391,122 | | |
| 2,317,186 | |
| |
| | | |
| |
| |
| | | |
| | |
Diversified Consumer Services - 2.36% (1.43% of Total Investments) | |
| | | |
| | |
EP PURCHASER, LLC, TL | |
| 10.00 | % | |
3M SOFR + 4.50% | |
11/06/2028 | |
| 320,027 | | |
| 308,026 | |
KUEHG CORP., TL | |
| 10.24 | % | |
3M SOFR + 5.00% | |
05/23/2030 | |
| 620,780 | | |
| 613,797 | |
Learning Care Group No. 2, Inc., 2020 Incremental | |
| 13.92 | % | |
3M US L + 8.50% | |
03/13/2025 | |
| 381,173 | | |
| 380,697 | |
LifeMiles, Ltd., Initial | |
| 10.78 | % | |
3M SOFR + 5.25% | |
08/30/2026 | |
| 71,463 | | |
| 70,212 | |
Pug LLC, B-2 | |
| 9.45 | % | |
1M SOFR + 4.25% | |
02/12/2027 | |
| 1,507,909 | | |
| 1,357,118 | |
Sabre GLBL Inc., TLB 1L | |
| | | |
| |
| |
| | | |
| | |
2022 Term B Loans | |
| 9.45 | % | |
1M SOFR + 4.25% | |
06/30/2028 | |
| 62,206 | | |
| 48,753 | |
2022 Term B-2 Loans | |
| 10.20 | % | |
1M SOFR + 5.00% | |
06/30/2028 | |
| 58,182 | | |
| 46,080 | |
Sabre GLBL, Inc. | |
| | | |
| |
| |
| | | |
| | |
2021 Other B-1 | |
| 8.72 | % | |
1M SOFR + 3.50% | |
12/17/2027 | |
| 179,369 | | |
| 139,639 | |
2021 Other B-2 | |
| 8.72 | % | |
1M SOFR + 3.50% | |
12/17/2027 | |
| 278,853 | | |
| 217,087 | |
Spin Holdco, Inc., Initial | |
| 9.23 | % | |
3M US L + 4.00% | |
03/04/2028 | |
| 1,421,000 | | |
| 1,212,923 | |
Staples, Inc., 2019 Refinancing New B-1 | |
| 10.30 | % | |
3M US L + 5.00% | |
04/16/2026 | |
| 957,820 | | |
| 816,695 | |
The Knot WorldWide Inc. Tl 1L | |
| 9.70 | % | |
1M SOFR + 4.50% | |
12/19/2025 | |
| 845,714 | | |
| 844,657 | |
| |
| | |
Reference Rate | |
Maturity | |
Principal | | |
| |
| |
Coupon(a) | | |
& Spread | |
Date | |
Amount | | |
Value | |
SENIOR SECURED FIRST LIEN LOANS(b) (continued) | |
| | |
| |
Diversified Consumer Services (continued) | |
| | |
| |
TruGreen LP, Second Refinancing | |
| 9.20 | % | |
1M SOFR + 4.00% | |
11/02/2027 | |
$ | 179,614 | | |
$ | 164,886 | |
Total Diversified Consumer Services | |
| | | |
| |
| |
| 6,884,110 | | |
| 6,220,570 | |
| |
| | | |
| |
| |
| | | |
| | |
Diversified Financial Services - 2.67% (1.61% of Total Investments) | |
| | | |
| | |
Aretec Group, Inc., TLB(g) | |
| N/A | | |
SOFR + 4.50% | |
03/08/2030 | |
| 378,526 | | |
| 377,344 | |
CoreLogic, Inc. | |
| 8.75 | % | |
1M US L + 3.50% | |
06/02/2028 | |
| 1,000,000 | | |
| 901,500 | |
Edelman Financial Center LLC, Initial (2021) | |
| 8.94 | % | |
1M US L + 3.75% | |
04/07/2028 | |
| 422,994 | | |
| 411,734 | |
FOCUS FINANCIAL PARTNERS, LLC, TLB | |
| 8.35 | % | |
1M SOFR + 3.25% | |
06/30/2028 | |
| 1,031,259 | | |
| 1,022,091 | |
Galaxy US Opco Inc. TL | |
| 9.85 | % | |
1M SOFR + 4.75% | |
04/29/2029 | |
| 613,879 | | |
| 575,512 | |
HighTower Holding LLC, Initial | |
| 9.15 | % | |
1M US L + 4.00% | |
04/21/2028 | |
| 554,678 | | |
| 538,731 | |
Mercury Borrower, Inc., TL | |
| 8.72 | % | |
1M US L + 3.50% | |
08/02/2028 | |
| 254,115 | | |
| 249,511 | |
Nexus Buyer LLC, B | |
| 8.95 | % | |
1M SOFR + 3.75% | |
11/09/2026 | |
| 345,179 | | |
| 332,480 | |
Paysafe Holdings US Corp., Facility B1 | |
| 7.95 | % | |
1M SOFR + 2.75% | |
06/28/2028 | |
| 145,041 | | |
| 140,810 | |
VeriFone Systems, Inc., Initial | |
| 9.48 | % | |
3M US L + 4.00% | |
08/20/2025 | |
| 2,642,107 | | |
| 2,480,833 | |
Total Diversified Financial Services | |
| | | |
| |
| |
| 7,387,778 | | |
| 7,030,546 | |
| |
| | | |
| |
| |
| | | |
| | |
Diversified Telecommunication Services - 4.27% (2.58% of Total Investments) | |
| | | |
| | |
Altice Financing S.A. TL 1L | |
| 9.99 | % | |
3M SOFR + 5.00% | |
10/29/2027 | |
| 1,415,733 | | |
| 1,366,183 | |
Altice France SA | |
| 10.49 | % | |
3M SOFR + 5.50% | |
07/31/2025 | |
| 2,750,849 | | |
| 2,439,095 | |
Consolidated Communications, Inc., B-1 | |
| 8.72 | % | |
1M SOFR + 3.50% | |
10/02/2027 | |
| 700,484 | | |
| 616,678 | |
DIRECTV Financing LLC, Closing Date | |
| 10.22 | % | |
1M US L + 5.00% | |
08/02/2027 | |
| 2,130,740 | | |
| 2,080,731 | |
Intelsat Jackson Holdings S.A. | |
| 9.44 | % | |
3M SOFR + 4.25% | |
02/01/2029 | |
| 836,954 | | |
| 832,769 | |
LCPR Loan Financing LLC, 2021 Additional | |
| 8.94 | % | |
1M US L + 3.75% | |
10/16/2028 | |
| 583,258 | | |
| 581,438 | |
Sorenson Communications LLC, 2021 | |
| 10.69 | % | |
1M US L + 5.50% | |
03/17/2026 | |
| 174,259 | | |
| 160,928 | |
Syniverse Holdings, Inc.TL 1L | |
| 12.24 | % | |
3M SOFR + 7.00% | |
05/13/2027 | |
| 427,323 | | |
| 389,044 | |
Viasat, Inc. | |
| 9.60 | % | |
1M SOFR + 4.50% | |
03/04/2029 | |
| 593,891 | | |
| 573,253 | |
Windstream Services II LLC, Initial | |
| 11.35 | % | |
1M US L + 6.25% | |
09/21/2027 | |
| 1,429,995 | | |
| 1,330,796 | |
Xplornet Communications, Inc. TL 1L | |
| 9.22 | % | |
1M SOFR + 4.00% | |
10/02/2028 | |
| 139,567 | | |
| 113,340 | |
Zacapa S.a.r.l. TL 1L | |
| 9.24 | % | |
3M SOFR + 4.00% | |
03/22/2029 | |
| 805,925 | | |
| 782,884 | |
Total Diversified Telecommunication Services | |
| | | |
| |
| |
| 11,988,978 | | |
| 11,267,139 | |
| |
| | | |
| |
| |
| | | |
| | |
Electric Utilities - 0.35% (0.21% of Total Investments) | |
| |
| | | |
| | |
Talen Energy Supply, LLC, TL | |
| 9.59 | % | |
3M SOFR + 4.50% | |
05/17/2030 | |
| 938,030 | | |
| 933,734 | |
Total Electric Utilities | |
| | | |
| |
| |
| 938,030 | | |
| 933,734 | |
| |
| | | |
| |
| |
| | | |
| | |
Electrical Equipment - 0.31% (0.19% of Total Investments) | |
| |
| | | |
| | |
Energy Acquisition LP | |
| | | |
| |
| |
| | | |
| | |
Initial | |
| 9.61 | % | |
3M SOFR + 4.25% | |
06/26/2025 | |
| 707,468 | | |
| 657,238 | |
Tranche B(i) | |
| 7.50 | % | |
N/A | |
06/26/2025 | |
| 183,281 | | |
| 170,452 | |
Total Electrical Equipment | |
| | | |
| |
| |
| 890,749 | | |
| 827,690 | |
| |
| | | |
| |
| |
| | | |
| | |
Electronic Equipment, Instruments & Components - 0.82% (0.50% of Total Investments) | | |
| | |
Infinite Bidco LLC, Initial | |
| 8.99 | % | |
3M US L + 3.83% | |
03/02/2028 | |
| 1,234,515 | | |
| 1,189,764 | |
Mavenir Systems, Inc., Initial | |
| 10.14 | % | |
3M US L + 4.75% | |
08/18/2028 | |
| 483,864 | | |
| 344,632 | |
Natel Engineering Company, Inc., Initial | |
| 11.47 | % | |
1M US L + 6.25% | |
04/30/2026 | |
| 502,585 | | |
| 425,101 | |
Triton Solar US Acquisition Co., Initial | |
| 11.20 | % | |
1M SOFR + 6.00% | |
10/29/2024 | |
| 231,743 | | |
| 207,798 | |
Total Electronic Equipment, Instruments & Components | |
| | | |
| |
| |
| 2,452,707 | | |
| 2,167,295 | |
| |
| | | |
| |
| |
| | | |
| | |
Energy Equipment & Services - 0.08% (0.05% of Total Investments) | |
| | | |
| | |
Lealand Finance Company B.V. | |
| | | |
| |
| |
| | | |
| | |
Make-Whole | |
| 8.15 | % | |
3M US L + 3.00% | |
06/30/2024 | |
| 8,469 | | |
| 6,352 | |
Take-Back | |
| 5.10 | % | |
3M US L + 4.04% | |
06/30/2025 | |
| 48,532 | | |
| 27,178 | |
| |
| | |
Reference Rate | |
Maturity | |
Principal | | |
| |
| |
Coupon(a) | | |
& Spread | |
Date | |
Amount | | |
Value | |
SENIOR SECURED
FIRST LIEN LOANS(b) (continued) | |
| | |
| |
Energy Equipment & Services (continued) | |
| | |
| |
WaterBridge Midstream Operating LLC, Initial | |
| 11.01 | % | |
3M US L + 5.75% | |
06/22/2026 | |
$ | 171,695 | | |
$ | 170,354 | |
Total Energy Equipment & Services | |
| | | |
| |
| |
| 228,696 | | |
| 203,884 | |
| |
| | | |
| |
| |
| | | |
| | |
Food & Staples Retailing - 0.32% (0.19% of Total Investments) | |
| |
| | | |
| | |
Upbound Group, Inc. | |
| 8.56 | % | |
3M US L + 3.25% | |
02/17/2028 | |
| 844,639 | | |
| 843,583 | |
| |
| | | |
| |
| |
| | | |
| | |
Food Products - 0.14% (0.09% of Total Investments) | |
| |
| | | |
| | |
Pacific Bells LLC, Initial Term | |
| 10.00 | % | |
3M SOFR + 4.50% | |
11/10/2028 | |
| 362,431 | | |
| 354,617 | |
Whole Earth Brands, Inc., Term Loan | |
| 9.89 | % | |
3M SOFR + 8.89% | |
02/05/2028 | |
| 32,746 | | |
| 25,313 | |
Total Food Products | |
| | | |
| |
| |
| 395,177 | | |
| 379,930 | |
| |
| | | |
| |
| |
| | | |
| | |
Health Care Equipment & Supplies - 1.39% (0.84% of Total Investments) | |
| | | |
| | |
Bausch & Lomb Inc TL 1L | |
| 8.59 | % | |
3M SOFR + 3.25% | |
05/10/2027 | |
| 1,433,406 | | |
| 1,388,612 | |
Curium BidCo S.a r.l., Term Loan | |
| 9.79 | % | |
3M US L + 4.25% | |
12/02/2027 | |
| 419,071 | | |
| 414,881 | |
Mozart Debt Merger Sub, Inc. TLB 1L | |
| 8.47 | % | |
1M SOFR + 3.25% | |
10/23/2028 | |
| 1,000,000 | | |
| 987,810 | |
SOTERA HEALTH HOLDINGS, LLC | |
| 8.82 | % | |
3M SOFR + 3.75% | |
12/11/2026 | |
| 452,169 | | |
| 451,604 | |
ZEST ACQUISITION CORP., TL | |
| 10.64 | % | |
1M SOFR + 5.50% | |
02/08/2028 | |
| 442,247 | | |
| 424,004 | |
Total Health Care Equipment & Supplies | |
| | | |
| |
| |
| 3,746,893 | | |
| 3,666,911 | |
| |
| | | |
| |
| |
| | | |
| | |
Health Care Providers & Services - 2.93% (1.77% of Total Investments) | |
| | | |
| | |
Accelerated Health Systems, LLC TLB 1L | |
| 9.64 | % | |
3M SOFR + 4.25% | |
02/15/2029 | |
| 305,843 | | |
| 247,274 | |
AEA International Holdings S.a.r.l., Initial | |
| 9.31 | % | |
3M US L + 3.75% | |
09/07/2028 | |
| 214,519 | | |
| 213,714 | |
Cambrex Corp., Tranche B-2 Dollar | |
| 8.70 | % | |
1M SOFR + 3.50% | |
12/04/2026 | |
| 248,458 | | |
| 245,869 | |
Corgi Bidco, INC. TL 1L | |
| 10.24 | % | |
3M SOFR + 5.00% | |
10/13/2029 | |
| 1,251,650 | | |
| 1,162,996 | |
Curia Global, Inc., 2021 | |
| 8.90 | % | |
3M SOFR + 3.75% | |
08/30/2026 | |
| 61,911 | | |
| 53,055 | |
Eyecare Partners LLC, Amendment No. 1 | |
| 9.25 | % | |
3M SOFR + 3.75% | |
11/15/2028 | |
| 960,261 | | |
| 685,790 | |
Global Medical Response, Inc. | |
| | | |
| |
| |
| | | |
| | |
2018 New | |
| 9.47 | % | |
1M SOFR + 4.25% | |
03/14/2025 | |
| 518,788 | | |
| 288,965 | |
2020 Refinancing | |
| 9.44 | % | |
1M US L + 4.25% | |
10/02/2025 | |
| 1,117,366 | | |
| 622,373 | |
Heartland Dental LLC, 2021 Incremental | |
| 9.20 | % | |
3M US L + 4.00% | |
04/30/2025 | |
| 29,104 | | |
| 28,703 | |
Heartland Dental, LLC, Initial | |
| 8.95 | % | |
3M US L + 3.75% | |
04/30/2025 | |
| 414,047 | | |
| 407,145 | |
Hunter Holdco 3, Ltd., Initial Dollar | |
| 9.49 | % | |
3M US L + 4.25% | |
08/19/2028 | |
| 474,011 | | |
| 468,877 | |
Midwest Veterinary Partners LLC, Initial | |
| 9.19 | % | |
1M US L + 4.00% | |
04/27/2028 | |
| 1,416,395 | | |
| 1,375,674 | |
Pathway Vet Alliance LLC, 2021 Replacement | |
| 8.94 | % | |
1M US L + 3.75% | |
03/31/2027 | |
| 296,531 | | |
| 260,948 | |
Sharp MidCo, LLC TL 1L | |
| 9.34 | % | |
3M SOFR + 4.00% | |
12/31/2028 | |
| 347,396 | | |
| 340,448 | |
Southern Veterinary Partners LLC, Initial | |
| 9.22 | % | |
1M US L + 4.00% | |
10/05/2027 | |
| 89,867 | | |
| 88,182 | |
Summit Behavioral 11/21 | |
| 10.24 | % | |
3M US L + 4.75% | |
11/24/2028 | |
| 724,463 | | |
| 720,840 | |
WCG Purchaser Corp., Initial | |
| 9.22 | % | |
1M SOFR + 4.00% | |
01/08/2027 | |
| 534,165 | | |
| 523,481 | |
Total Health Care Providers & Services | |
| | | |
| |
| |
| 9,004,775 | | |
| 7,734,334 | |
| |
| | | |
| |
| |
| | | |
| | |
Health Care Technology - 1.81% (1.09% of Total Investments) | |
| |
| | | |
| | |
Athenahealth Group Inc. TLB 1L | |
| 8.59 | % | |
1M SOFR + 3.50% | |
02/15/2029 | |
| 3,256,470 | | |
| 3,130,282 | |
Athenahealth Group Inc., 1L(g)(h) | |
| N/A | | |
SOFR + 3.50% | |
02/15/2029 | |
| 139,044 | | |
| 117,492 | |
TTF Holdings LLC, Initial | |
| 9.25 | % | |
1M US L + 4.00% | |
03/31/2028 | |
| 717,439 | | |
| 716,097 | |
Waystar Technologies, Inc., Initial | |
| 9.22 | % | |
1M US L + 4.00% | |
10/22/2026 | |
| 804,484 | | |
| 801,467 | |
Total Health Care Technology | |
| | | |
| |
| |
| 4,917,437 | | |
| 4,765,338 | |
| |
| | | |
| |
| |
| | | |
| | |
Hotels, Restaurants & Leisure - 2.93% (1.77% of Total Investments) | |
| | | |
| | |
19th Holdings Golf | |
| 8.49 | % | |
1M SOFR + 3.25% | |
02/07/2029 | |
| 1,687,773 | | |
| 1,641,359 | |
Aimbridge Hsp Incre CL TLB | |
| 9.90 | % | |
1M US L + 4.75% | |
02/02/2026 | |
| 246,215 | | |
| 240,215 | |
Alterra Mountain Co. | |
| 8.95 | % | |
1M SOFR + 3.75% | |
05/31/2030 | |
| 235,020 | | |
| 234,432 | |
Arcis 11/21 Cov-Lite TLB | |
| 9.40 | % | |
3M US L + 4.25% | |
11/24/2028 | |
| 517,652 | | |
| 518,366 | |
Caesars Entertainment, Inc. | |
| 8.45 | % | |
1M SOFR + 3.25% | |
02/06/2030 | |
| 511,008 | | |
| 510,543 | |
| |
| | |
Reference Rate | |
Maturity | |
Principal | | |
| |
| |
Coupon(a) | | |
& Spread | |
Date | |
Amount | | |
Value | |
SENIOR SECURED FIRST LIEN LOANS(b) (continued) | |
| | |
| |
Hotels, Restaurants & Leisure (continued) | |
| | |
| |
CARNIVAL CORPORATION TLB 1L | |
| 8.47 | % | |
1M SOFR + 3.25% | |
10/18/2028 | |
$ | 497,481 | | |
$ | 492,506 | |
Dave & Buster's Inc., TL(g) | |
| N/A | | |
SOFR + 3.75% | |
06/30/2029 | |
| 581,619 | | |
| 578,711 | |
Entain Holdings (Gibraltar) Limited, TLB | |
| 8.34 | % | |
6M SOFR + 3.50% | |
10/31/2029 | |
| 662,744 | | |
| 659,596 | |
Golden Entertainment, Inc., TL | |
| 7.94 | % | |
1M SOFR + 2.75% | |
05/24/2030 | |
| 273,645 | | |
| 272,961 | |
Herschend Entertainment Company LLC, Initial (2021) | |
| 8.97 | % | |
1M SOFR + 3.75% | |
08/27/2028 | |
| 131,400 | | |
| 131,509 | |
KINGPIN INTERMEDIATE HOLDINGS LLC, TLB | |
| 8.65 | % | |
3M SOFR + 3.50% | |
02/08/2028 | |
| 607,590 | | |
| 602,845 | |
Playa Hotels & Resorts B.V., TLB | |
| 9.34 | % | |
1M SOFR + 4.25% | |
01/05/2029 | |
| 632,186 | | |
| 629,878 | |
Topgolf Callaway Brands Corp., TLB | |
| 8.70 | % | |
1M SOFR + 3.50% | |
03/15/2030 | |
| 443,388 | | |
| 442,648 | |
Travel + Leisure Co. | |
| 9.35 | % | |
3M SOFR + 4.00% | |
12/14/2029 | |
| 147,338 | | |
| 147,092 | |
United PF Holdings LLC | |
| | | |
| |
| |
| | | |
| | |
Incremental Term Loan | |
| 13.60 | % | |
1M SOFR + 8.38% | |
12/30/2026 | |
| 351,000 | | |
| 261,495 | |
Initial | |
| 9.16 | % | |
3M US L + 4.00% | |
12/30/2026 | |
| 504,334 | | |
| 373,712 | |
Total Hotels, Restaurants & Leisure | |
| | | |
| |
| |
| 8,030,393 | | |
| 7,737,868 | |
| |
| | | |
| |
| |
| | | |
| | |
Household Durables - 2.31% (1.39% of Total Investments) | |
| |
| | | |
| | |
Conair Holdings LLC, Initial | |
| 9.29 | % | |
3M US L + 3.75% | |
05/17/2028 | |
| 1,258,004 | | |
| 1,182,914 | |
Hunter Douglas Inc. TLB 1L | |
| 8.67 | % | |
3M SOFR + 3.50% | |
02/26/2029 | |
| 3,485,195 | | |
| 3,296,785 | |
Mattress Firm, Inc., 2021 | |
| 9.95 | % | |
6M US L + 4.25% | |
09/25/2028 | |
| 589,837 | | |
| 576,077 | |
SAMSONITE INTERNATIONAL S.A. | |
| 7.83 | % | |
1M SOFR + 2.75% | |
05/15/2026 | |
| 473,358 | | |
| 474,247 | |
Weber-Stephen Products LLC, Initial B | |
| 8.47 | % | |
1M SOFR + 3.25% | |
10/30/2027 | |
| 492,321 | | |
| 431,130 | |
Weber-Stephen Products LLC TLB 1L | |
| 9.45 | % | |
1M SOFR + 4.25% | |
10/30/2027 | |
| 136,009 | | |
| 119,575 | |
Total Household Durables | |
| | | |
| |
| |
| 6,434,724 | | |
| 6,080,728 | |
| |
| | | |
| |
| |
| | | |
| | |
Household Products - 0.80% (0.48% of Total Investments) | |
| |
| | | |
| | |
AMERICAN GREETINGS CORPORATION, TL | |
| 11.10 | % | |
1M SOFR + 6.00% | |
04/06/2028 | |
| 429,263 | | |
| 428,833 | |
Olaplex, Inc. TL 1L | |
| 8.70 | % | |
1M SOFR + 3.50% | |
02/23/2029 | |
| 741,853 | | |
| 691,778 | |
Sunshine Luxembourg VII Sarl, Facility B3 | |
| 9.09 | % | |
3M SOFR + 3.75% | |
10/01/2026 | |
| 1,000,000 | | |
| 993,380 | |
Total Household Products | |
| | | |
| |
| |
| 2,171,116 | | |
| 2,113,991 | |
| |
| | | |
| |
| |
| | | |
| | |
Industrial Conglomerates - 0.77% (0.47% of Total Investments) | |
| |
| | | |
| | |
Majordrive Holdings IV LLC, Initial | |
| 9.50 | % | |
3M US L + 4.00% | |
06/01/2028 | |
| 251,557 | | |
| 245,017 | |
MajorDrive Holdings IV LLC | |
| 10.93 | % | |
3M SOFR + 5.50% | |
06/01/2029 | |
| 294,494 | | |
| 287,500 | |
Redwood Star Merger Sub, Inc. | |
| 9.70 | % | |
1M SOFR + 4.50% | |
04/05/2029 | |
| 1,183,651 | | |
| 1,167,376 | |
Star US Bidco LLC, Initial | |
| 9.35 | % | |
1M US L + 4.25% | |
03/17/2027 | |
| 342,158 | | |
| 335,742 | |
Total Industrial Conglomerates | |
| | | |
| |
| |
| 2,071,860 | | |
| 2,035,635 | |
| |
| | | |
| |
| |
| | | |
| | |
Insurance - 3.70% (2.24% of Total Investments) | |
| |
| | | |
| | |
Acrisure LLC | |
| | | |
| |
| |
| | | |
| | |
11/21 Incremental | |
| 9.44 | % | |
1M US L + 4.25% | |
02/15/2027 | |
| 292,713 | | |
| 286,250 | |
2020 | |
| 8.69 | % | |
1M US L + 3.50% | |
02/15/2027 | |
| 799,329 | | |
| 774,494 | |
2021-1 Additional | |
| 8.94 | % | |
1M US L + 3.75% | |
02/15/2027 | |
| 679,650 | | |
| 661,524 | |
Term Loan | |
| 10.82 | % | |
3M SOFR + 5.75% | |
02/15/2027 | |
| 686,638 | | |
| 688,355 | |
ALLIANT HOLDINGS INTERMEDIATE, LLC, TLB | |
| 8.65 | % | |
1M SOFR + 3.50% | |
11/05/2027 | |
| 30,171 | | |
| 29,958 | |
AssuredPartners, Inc. | |
| 8.72 | % | |
1M SOFR + 3.50% | |
02/12/2027 | |
| 1,035,362 | | |
| 1,024,149 | |
ASSUREDPARTNERS, INC. TLB4 1L | |
| 9.35 | % | |
1M SOFR + 4.25% | |
02/12/2027 | |
| 96,972 | | |
| 96,669 | |
Asurion LLC, New B-9 | |
| 8.79 | % | |
3M US L + 3.25% | |
07/31/2027 | |
| 1,304,855 | | |
| 1,232,370 | |
Asurion LLC TLB 1L | |
| 9.20 | % | |
1M SOFR + 4.00% | |
08/19/2028 | |
| 480,412 | | |
| 454,138 | |
BROADSTREET PARTNERS, INC. TLB 1L | |
| 9.16 | % | |
1M SOFR + 4.00% | |
01/26/2029 | |
| 1,083,337 | | |
| 1,075,482 | |
HUB INTERNATIONAL LIMITED, TL(g) | |
| N/A | | |
SOFR + 4.25% | |
06/20/2030 | |
| 325,758 | | |
| 326,347 | |
Hyperion Refinance Sarl | |
| 9.10 | % | |
1M SOFR + 4.00% | |
04/18/2030 | |
| 956,158 | | |
| 952,572 | |
IMA Financial Group, Inc., TL | |
| 9.44 | % | |
1M SOFR + 4.25% | |
11/01/2028 | |
| 590,775 | | |
| 585,606 | |
MIC Glen LLC | |
| 9.07 | % | |
3M SOFR + 4.00% | |
11/09/2029 | |
| 280,945 | | |
| 280,512 | |
| |
| | |
Reference Rate | |
Maturity | |
Principal | | |
| |
| |
Coupon(a) | | |
& Spread | |
Date | |
Amount | | |
Value | |
SENIOR SECURED FIRST LIEN LOANS(b) (continued) | |
| | |
| |
Insurance (continued) | |
| | |
| |
OneDigital Borrower, LLC TL 1L | |
| 9.45 | % | |
1M SOFR + 4.25% | |
11/16/2027 | |
$ | 1,313,081 | | |
$ | 1,290,102 | |
Total Insurance | |
| | | |
| |
| |
| 9,956,156 | | |
| 9,758,528 | |
| |
| | | |
| |
| |
| | | |
| | |
Internet and Catalog Retail - 0.34% (0.20% of Total Investments) | |
| |
| | | |
| | |
Fortrea Holdings, Inc. | |
| 10.24 | % | |
3M SOFR + 5.00% | |
08/25/2026 | |
| 598,638 | | |
| 365,917 | |
SHUTTERFLY, LLC, TL | |
| 11.24 | % | |
3M SOFR + 6.00% | |
08/25/2026 | |
| 73,197 | | |
| 72,648 | |
Titan Acquisition Co New Zealand Limited TL 1L | |
| 9.54 | % | |
3M US L + 4.00% | |
10/18/2028 | |
| 461,517 | | |
| 451,276 | |
Total Internet and Catalog Retail | |
| | | |
| |
| |
| 1,133,352 | | |
| 889,841 | |
| |
| | | |
| |
| |
| | | |
| | |
IT Services - 1.59% (0.96% of Total Investments) | |
| |
| | | |
| | |
Avaya Inc, TL | |
| 13.60 | % | |
3M SOFR + 8.50% | |
08/01/2028 | |
| 6,778 | | |
| 5,796 | |
Constant Contact, Inc. | |
| 9.20 | % | |
3M US L + 4.00% | |
02/10/2028 | |
| 1,662,552 | | |
| 1,582,550 | |
Endurance International Group Holdings, Inc., Initial | |
| 8.79 | % | |
3M US L + 3.50% | |
02/10/2028 | |
| 839,223 | | |
| 780,477 | |
Intrado Corporation, TLB | |
| 9.05 | % | |
3M SOFR + 4.00% | |
01/31/2030 | |
| 490,887 | | |
| 487,053 | |
Virtusa Corp. | |
| 9.33 | % | |
3M US L + 3.75% | |
02/11/2028 | |
| 1,176,680 | | |
| 1,160,501 | |
Virtusa Corporation TL 1L | |
| 8.95 | % | |
1M SOFR + 3.75% | |
02/15/2029 | |
| 188,205 | | |
| 185,617 | |
Total IT Services | |
| | | |
| |
| |
| 4,364,325 | | |
| 4,201,994 | |
| |
| | | |
| |
| |
| | | |
| | |
Machinery - 1.82% (1.10% of Total Investments) | |
| |
| | | |
| | |
Chart Industries, Inc. | |
| 8.94 | % | |
1M SOFR + 3.75% | |
03/17/2030 | |
| 699,794 | | |
| 697,751 | |
ELEMENT MTRL TECH GP HLDG DTL | |
| 9.59 | % | |
3M SOFR + 4.25% | |
06/22/2029 | |
| 321,987 | | |
| 314,742 | |
ELEMENT MTRL TECH GP HLDG TL | |
| 9.59 | % | |
3M SOFR + 4.25% | |
06/22/2029 | |
| 697,638 | | |
| 681,941 | |
EMRLD BORROWER LP TLB 1L | |
| 8.26 | % | |
3M SOFR + 3.00% | |
05/31/2030 | |
| 1,402,176 | | |
| 1,400,858 | |
PRO MACH GROUP, INC, TLB | |
| 10.20 | % | |
1M SOFR + 5.00% | |
08/31/2028 | |
| 370,370 | | |
| 370,370 | |
Pro Mach Group, Inc., Closing Date Initial | |
| 9.15 | % | |
3M US L + 4.00% | |
08/31/2028 | |
| 910,221 | | |
| 907,218 | |
Roper Industrial Products Investment Com LLC 1L | |
| 9.74 | % | |
3M SOFR + 4.50% | |
11/22/2029 | |
| 439,758 | | |
| 437,559 | |
Total Machinery | |
| | | |
| |
| |
| 4,841,944 | | |
| 4,810,439 | |
| |
| | | |
| |
| |
| | | |
| | |
Media - 2.14% (1.29% of Total Investments) |
| |
| |
| | | |
| | |
BANIJAY GROUP US HOLDING, INC. TLB | |
| 9.02 | % | |
1M SOFR + 3.85% | |
03/01/2028 | |
| 329,645 | | |
| 327,090 | |
Castle US Holding Corp., Initial Dollar | |
| 8.94 | % | |
1M SOFR + 3.75% | |
01/29/2027 | |
| 834,162 | | |
| 607,895 | |
CREATIVE ARTISTS AGENCY, LLC TLB | |
| 8.60 | % | |
1M SOFR + 3.50% | |
11/27/2028 | |
| 976,571 | | |
| 973,397 | |
Cumulus Media New Holdings, Inc., Initial | |
| 9.23 | % | |
3M US L + 3.75% | |
03/31/2026 | |
| 699,859 | | |
| 516,146 | |
Recorded Books, Inc., 2021 Replacement | |
| 9.14 | % | |
3M SOFR + 4.00% | |
08/29/2025 | |
| 938,541 | | |
| 937,368 | |
Red Ventures, LLC, TLB | |
| 8.10 | % | |
1M SOFR + 3.00% | |
03/01/2030 | |
| 877,230 | | |
| 869,239 | |
United Talent Agency LLC, B | |
| 9.22 | % | |
1M SOFR + 4.00% | |
07/07/2028 | |
| 1,007,427 | | |
| 994,834 | |
WMG Acquisition Corp. | |
| 7.33 | % | |
1M US L + 2.13% | |
01/20/2028 | |
| 419,729 | | |
| 418,231 | |
Total Media | |
| | | |
| |
| |
| 6,083,164 | | |
| 5,644,200 | |
| |
| | | |
| |
| |
| | | |
| | |
Oil, Gas & Consumable Fuels - 1.59% (0.96% of Total Investments) | |
| | | |
| | |
Brazos Delaware II, LLC | |
| 8.90 | % | |
1M SOFR + 3.75% | |
02/11/2030 | |
| 1,403,334 | | |
| 1,393,398 | |
CQP Holdco LP | |
| 8.69 | % | |
1M US L + 3.50% | |
06/05/2028 | |
| 61,727 | | |
| 61,573 | |
Oryx Midstream Services Permian Basin LLC | |
| 8.51 | % | |
1M SOFR + 3.25% | |
10/05/2028 | |
| 224,371 | | |
| 223,671 | |
PAR PETROLEUM, LLC, TLB | |
| 9.61 | % | |
3M SOFR + 4.25% | |
02/28/2030 | |
| 1,161,418 | | |
| 1,140,129 | |
Permian Production Partners, LLC, Initial | |
| 11.22 | % | |
1M SOFR + 4.00% | |
11/20/2025 | |
| 42,281 | | |
| 42,070 | |
Traverse Midstream Partners LLC | |
| 8.94 | % | |
1M SOFR + 3.75% | |
02/16/2028 | |
| 1,183,538 | | |
| 1,171,703 | |
WHITEWATER WHISTLER HOLDINGS, LLC TLB 1L | |
| 8.15 | % | |
3M SOFR + 3.25% | |
02/15/2030 | |
| 148,965 | | |
| 148,741 | |
Total Oil, Gas & Consumable Fuels | |
| | | |
| |
| |
| 4,225,634 | | |
| 4,181,285 | |
| |
| | | |
| |
| |
| | | |
| | |
Personal Products - 0.32% (0.19% of Total Investments) | |
| |
| | | |
| | |
KDC/ONE Development Corp., Inc., Initial (2020) | |
| 8.97 | % | |
1M SOFR + 3.75% | |
12/22/2025 | |
| 863,857 | | |
| 839,453 | |
| |
| | |
Reference Rate | |
Maturity | |
Principal | | |
| |
| |
Coupon(a) | | |
& Spread | |
Date | |
Amount | | |
Value | |
SENIOR SECURED FIRST LIEN LOANS(b) (continued) | |
| | |
| |
Pharmaceuticals - 0.93% (0.56% of Total Investments) | |
| | |
| |
Alvogen Pharma US, Inc. | |
| 12.89 | % | |
3M SOFR + 7.50% | |
06/30/2025 | |
$ | 1,546,077 | | |
$ | 1,267,783 | |
Amneal Pharmaceuticals, LLC, Initial Term Loan | |
| 8.72 | % | |
3M US L + 3.50% | |
05/04/2025 | |
| 967,708 | | |
| 930,616 | |
Fortrea Holdings, Inc. | |
| 4.25 | % | |
1M SOFR + 3.75% | |
06/30/2030 | |
| 244,704 | | |
| 244,582 | |
Total Pharmaceuticals | |
| | | |
| |
| |
| 2,758,489 | | |
| 2,442,981 | |
| |
| | | |
| |
| |
| | | |
| | |
Professional Services - 1.63% (0.98% of Total Investments) | |
| |
| | | |
| | |
AQ Carver Buyer, Inc., Initial | |
| 10.20 | % | |
1M SOFR + 5.00% | |
09/23/2025 | |
| 451,514 | | |
| 451,514 | |
Conduent Business Services, LLC TLB 1L | |
| 9.44 | % | |
1M US L + 4.25% | |
10/16/2028 | |
| 307,201 | | |
| 301,570 | |
Eisner Advisory Group LLC | |
| 10.47 | % | |
3M SOFR + 5.25% | |
07/30/2028 | |
| 379,872 | | |
| 378,922 | |
Equiniti Group PLC, TLB | |
| 10.09 | % | |
6M SOFR + 4.50% | |
12/11/2028 | |
| 332,471 | | |
| 332,887 | |
INDY US BIDCO, LLC, TL | |
| 11.35 | % | |
1M SOFR + 6.25% | |
03/06/2028 | |
| 379,613 | | |
| 358,419 | |
Indy US Holdco LLC(g) | |
| N/A | | |
SOFR + 6.25% | |
03/05/2028 | |
| 783,202 | | |
| 739,476 | |
UST Global, Inc. | |
| 8.77 | % | |
3M SOFR + 3.50% | |
11/20/2028 | |
| 563,494 | | |
| 554,101 | |
Vaco Holdings LLC | |
| 10.59 | % | |
6M SOFR + 5.00% | |
01/21/2029 | |
| 1,284,954 | | |
| 1,170,118 | |
Total Professional Services | |
| | | |
| |
| |
| 4,482,321 | | |
| 4,287,007 | |
| |
| | | |
| |
| |
| | | |
| | |
Real Estate Investment Trusts (REITs) - 0.18% (0.11% of Total Investments) | |
| | | |
| | |
STARWOOD PROPERTY MORTGAGE, L.L.C | |
| 8.35 | % | |
1M SOFR + 3.25% | |
11/18/2027 | |
| 476,944 | | |
| 463,828 | |
| |
| | | |
| |
| |
| | | |
| | |
Real Estate Management & Development - 0.32% (0.19% of Total Investments) | | |
| | |
Forest City Enterprises LP, Replacement | |
| 8.72 | % | |
1M SOFR + 3.50% | |
12/08/2025 | |
| 1,068,045 | | |
| 838,415 | |
| |
| | | |
| |
| |
| | | |
| | |
Software - 8.45% (5.10% of Total Investments) | |
| |
| | | |
| | |
Apex Group Treasury LLC | |
| 9.99 | % | |
3M SOFR + 5.00% | |
07/27/2028 | |
| 75,833 | | |
| 75,359 | |
Apex Group Treasury, Ltd., USD | |
| 9.07 | % | |
3M US L + 3.75% | |
07/27/2028 | |
| 1,024,390 | | |
| 1,010,305 | |
Ascend Learning 11/21 TLB | |
| 8.70 | % | |
1M SOFR + 3.50% | |
12/11/2028 | |
| 1,131,350 | | |
| 1,061,172 | |
Astra Acquisition Corp. TL 1L | |
| 10.44 | % | |
1M US L + 5.25% | |
10/25/2028 | |
| 319,119 | | |
| 221,389 | |
Cardinal Parent, Inc., Initial | |
| 9.89 | % | |
3M SOFR + 4.50% | |
11/12/2027 | |
| 237,209 | | |
| 207,361 | |
CommerceHub, Inc., Initial | |
| 9.22 | % | |
3M SOFR + 4.00% | |
12/29/2027 | |
| 814,968 | | |
| 706,642 | |
Conservice Midco LLC, Initial | |
| 9.40 | % | |
3M SOFR + 4.25% | |
05/13/2027 | |
| 1,099,899 | | |
| 1,091,067 | |
Cornerstone OnDemand, Inc., Initial | |
| 9.25 | % | |
3M SOFR + 3.75% | |
10/16/2028 | |
| 633,904 | | |
| 589,930 | |
CT Technologies Intermediate Holdings, Inc., 2021 | |
| 9.47 | % | |
1M US L + 4.25% | |
12/16/2025 | |
| 258,579 | | |
| 239,912 | |
DCert Buyer, Inc., Initial | |
| 9.26 | % | |
3M SOFR + 4.00% | |
10/16/2026 | |
| 1,080,669 | | |
| 1,069,527 | |
EagleView Technology Corp., Term Loan | |
| 9.04 | % | |
3M US L + 3.50% | |
08/14/2025 | |
| 787,895 | | |
| 691,047 | |
Fiserv Investment Solutions, Inc., Initial | |
| 9.13 | % | |
3M US L + 4.00% | |
02/18/2027 | |
| 435,265 | | |
| 422,207 | |
Greeneden U.S. Holdings I LLC, Initial Dollar (2020) | |
| 9.22 | % | |
1M SOFR + 4.00% | |
12/01/2027 | |
| 1,415,661 | | |
| 1,410,607 | |
Idera, Inc., B-1 | |
| 8.96 | % | |
1M SOFR + 3.75% | |
03/02/2028 | |
| 194,955 | | |
| 189,512 | |
Imperva, Inc., Term Loan | |
| 9.34 | % | |
3M US L + 4.00% | |
01/12/2026 | |
| 401,225 | | |
| 361,937 | |
Magenta Buyer LLC, Initial | |
| 10.03 | % | |
3M US L + 4.75% | |
07/27/2028 | |
| 2,142,728 | | |
| 1,606,146 | |
MCAFEE CORP. TLB 1L | |
| 8.96 | % | |
1M SOFR + 3.75% | |
03/01/2029 | |
| 2,912,701 | | |
| 2,780,406 | |
MH SUB I, LLC | |
| 9.35 | % | |
1M SOFR + 4.25% | |
05/03/2028 | |
| 2,423,646 | | |
| 2,321,853 | |
Planview Parent, Inc., Closing Date | |
| 9.50 | % | |
3M SOFR + 4.00% | |
12/17/2027 | |
| 948,663 | | |
| 897,084 | |
Project Alpha Intermediate Holding, Inc., 2021 Refinancing | |
| 9.20 | % | |
1M US L + 4.00% | |
04/26/2024 | |
| 1,561,790 | | |
| 1,557,886 | |
QUARTZ ACQUIRECO, LLC TLB 1L(g) | |
| N/A | | |
SOFR + 3.50% | |
04/14/2030 | |
| 622,532 | | |
| 621,754 | |
Skillsoft Finance II, Inc., Initial | |
| 10.51 | % | |
1M SOFR + 5.25% | |
07/14/2028 | |
| 355,370 | | |
| 308,877 | |
SolarWinds Holdings, Inc., TL | |
| 8.85 | % | |
1M SOFR + 3.75% | |
02/05/2027 | |
| 230,372 | | |
| 230,257 | |
UKG INC., TL | |
| 9.88 | % | |
3M SOFR + 4.50% | |
05/04/2026 | |
| 490,861 | | |
| 489,226 | |
Ultimate Software 11/21 TL | |
| 8.27 | % | |
3M SOFR + 3.25% | |
05/04/2026 | |
| 1,238,555 | | |
| 1,214,168 | |
Upland Software, Inc., Initial | |
| 8.95 | % | |
1M US L + 3.75% | |
08/06/2026 | |
| 965,000 | | |
| 902,680 | |
Total Software | |
| | | |
| |
| |
| 23,803,139 | | |
| 22,278,311 | |