Issuer
|
|
| Shares/Par
| Value ($)
|
Bonds – continued
|
Asset-Backed & Securitized – continued
|
BXMT 2021-FL4 Ltd., “B”, FLR, 6.978% ((SOFR - 1mo. + 0.11448%) + 1.55%), 5/15/2038 (n)
|
| $
| 549,000
| $500,943
|
Capital Automotive, 2020-1A, “A4”, REIT, 3.19%, 2/15/2050 (n)
|
|
| 143,843
| 134,878
|
Capital Automotive, 2020-1A, “B1”, REIT, 4.17%, 2/15/2050 (n)
|
|
| 437,500
| 409,545
|
CF Hippolyta Issuer LLC, 2020-1, “A1”, 1.69%, 7/15/2060 (n)
|
|
| 89,945
| 81,327
|
CF Hippolyta Issuer LLC, 2020-1, “B1”, 2.28%, 7/15/2060 (n)
|
|
| 89,945
| 80,966
|
Chesapeake Funding II LLC, 2023-1A, “A1”, 5.65%, 5/15/2035 (n)
|
|
| 124,820
| 124,167
|
CNH Equipment Trust 2023-A, “A2”, 5.34%, 9/15/2026
|
|
| 68,632
| 68,332
|
Commercial Mortgage Pass-Through Certificates, 2021-BN32, “XA”, 0.884%, 4/15/2054 (i)
|
|
| 1,574,560
| 62,900
|
Commercial Mortgage Pass-Through Certificates, 2021-BN34, “XA”, 1.084%, 6/15/2063 (i)
|
|
| 997,284
| 51,652
|
Commercial Mortgage Pass-Through Certificates, 2021-BN35, “XA”, 1.148%, 6/15/2064 (i)
|
|
| 1,298,655
| 72,570
|
Commercial Mortgage Pass-Through Certificates, 2022-BNK41, “AS”, 3.916%, 4/15/2065
|
|
| 257,000
| 217,073
|
Crest Ltd., CDO, 7% (0.001% Cash or 7% PIK), 1/28/2040 (a)(p)
|
|
| 4,413,047
| 44
|
DT Auto Owner Trust, 2023-1A, “A”, 5.48%, 4/15/2027 (n)
|
|
| 97,063
| 96,736
|
Fortress CBO Investments Ltd., 2022-FL3, “AS”, FLR, 7.521% (SOFR - 30 day + 2.25%), 2/23/2039 (n)
|
|
| 114,000
| 110,789
|
FS Rialto 2021-FL2 Issuer Ltd., “AS”, FLR, 6.977% ((SOFR - 1mo. + 0.11448%) + 1.55%), 5/16/2038 (n)
|
|
| 297,500
| 280,637
|
GreatAmerica Leasing Receivables Funding LLC, 2023-1, “A2”, 5.35%, 2/16/2026 (n)
|
|
| 64,000
| 63,459
|
LoanCore 2021-CRE5 Ltd., “B”, FLR, 7.425% (LIBOR - 1mo. + 2%), 7/15/2036 (n)
|
|
| 100,000
| 95,461
|
MF1 2021-FL5 Ltd., “B”, FLR, 6.878% ((SOFR - 1mo. + 0.11448%) + 1.45%), 7/15/2036 (n)
|
|
| 423,500
| 414,246
|
MF1 2021-FL5 Ltd., “C”, FLR, 7.128% ((SOFR - 1mo. + 0.11448%) + 1.7%), 7/15/2036 (n)
|
|
| 213,000
| 205,781
|
MF1 2021-FL5 Ltd., “D”, FLR, 7.928% ((SOFR - 1mo. + 0.11448%) + 2.5%), 7/15/2036 (n)
|
|
| 755,000
| 735,430
|
MF1 2022-FL8 Ltd., “C”, FLR, 7.513% (SOFR - 30 day + 2.2%), 2/19/2037 (n)
|
|
| 110,841
| 105,901
|
Morgan Stanley Capital I Trust, 2021-L5, “XA”, 1.416%, 5/15/2054 (i)
|
|
| 1,030,029
| 65,440
|
Morgan Stanley Capital I Trust, 2021-L6, “XA”, 1.327%, 6/15/2054 (i)
|
|
| 3,083,876
| 177,772
|
Navistar Financial Dealer Note Master Owner Trust, 2022-1, “A”, FLR, 6.496% (SOFR - 30 day + 1.25%), 5/25/2027 (n)
|
|
| 103,000
| 103,188
|
PFP III 2021-7 Ltd., “B”, FLR, 6.827% ((SOFR - 1mo. + 0.11448%) + 1.4%), 4/14/2038 (n)
|
|
| 99,995
| 96,962
|
PFP III 2021-7 Ltd., “C”, FLR, 7.077% ((SOFR - 1mo. + 0.11448%) + 1.65%), 4/14/2038 (n)
|
|
| 99,995
| 96,431
|
RAC Bond Co. PLC, 4.87%, 5/05/2026
|
| GBP
| 100,000
| 116,884
|
Shelter Growth CRE 2021-FL3 Ltd., “C”, FLR, 7.574% ((SOFR - 1mo. + 0.11448%) + 2.15%), 9/15/2036 (n)
|
| $
| 157,500
| 148,635
|
Starwood Commercial Mortgage, 2021-FL2, “B”, FLR, 7.226% ((SOFR - 1mo. + 0.11448%) + 1.8%), 4/18/2038 (n)
|
|
| 190,000
| 175,396
|
Starwood Commercial Mortgage, 2021-FL2, “C”, FLR, 7.526% ((SOFR - 1mo. + 0.11448)% + 2.1%), 4/18/2038 (n)
|
|
| 100,000
| 89,127
|
TPG Real Estate Finance, 2021-FL4, “AS”, FLR, 6.828% ((SOFR - 1mo. + 0.11448%) + 1.4%), 3/15/2038 (n)
|
|
| 150,000
| 145,142
|
TPG Real Estate Finance, 2021-FL4, “B”, FLR, 7.278% ((SOFR - 1mo. + 0.11448%) + 1.85%), 3/15/2038 (n)
|
|
| 310,000
| 297,581
|
Wells Fargo Commercial Mortgage Trust, 2021-C60, “XA”, 1.654%, 8/15/2054 (i)
|
|
| 1,962,247
| 153,054
|
Westlake Automobile Receivables Trust, 2023-1A, “A2B”, FLR, 6.039% (SOFR - 1mo. + 0.85%), 6/15/2026 (n)
|
|
| 54,504
| 54,474
|
|
|
|
| $10,468,395
|
Automotive – 2.2%
|
Clarios Global LP/Clarios U.S. Finance Co., 8.5%, 5/15/2027 (n)
|
| $
| 621,000
| $627,252
|
Clarios Global LP/Clarios U.S. Finance Co., 6.75%, 5/15/2028 (n)
|
|
| 455,000
| 453,799
|
Dana, Inc., 5.375%, 11/15/2027
|
|
| 544,000
| 514,638
|
Dana, Inc., 4.25%, 9/01/2030
|
|
| 353,000
| 290,261
|
Dornoch Debt Merger Sub, Inc., 6.625%, 10/15/2029 (n)
|
|
| 585,000
| 504,325
|
Ford Motor Credit Co. LLC, 4.134%, 8/04/2025
|
|
| 1,785,000
| 1,700,080
|
Ford Motor Credit Co. LLC, 5.113%, 5/03/2029
|
|
| 885,000
| 814,033
|
Hyundai Capital America, 6.375%, 4/08/2030 (n)
|
|
| 43,000
| 44,062
|
LKQ Corp., 6.25%, 6/15/2033 (n)
|
|
| 44,000
| 43,684
|
RAC Bond Co. PLC, 5.25%, 11/04/2027 (n)
|
| GBP
| 150,000
| 150,914
|
Real Hero Merger Sub 2, Inc., 6.25%, 2/01/2029 (n)
|
| $
| 480,000
| 390,878
|
TI Automotive Finance PLC, 3.75%, 4/15/2029 (n)
|
| EUR
| 180,000
| 163,201
|
Volkswagen International Finance N.V., 7.5%, 9/06/2172
|
|
| 100,000
| 109,395
|
Wabash National Corp., 4.5%, 10/15/2028 (n)
|
| $
| 579,000
| 491,251
|
|
|
|
| $6,297,773
|
Broadcasting – 1.0%
|
Discovery Communications LLC, 4.125%, 5/15/2029
|
| $
| 78,000
| $71,603
|
Gray Escrow II, Inc., 5.375%, 11/15/2031 (n)
|
|
| 985,000
| 687,675
|
Gray Television, Inc., 5.875%, 7/15/2026 (n)
|
|
| 116,000
| 106,124
|
Midas OpCo Holdings LLC, 5.625%, 8/15/2029 (n)
|
|
| 741,000
| 618,837
|
Prosus N.V., 3.061%, 7/13/2031 (n)
|
|
| 329,000
| 249,881
|