|
|
|
|
|
Shares/$ Par
|
|
|
Value
|
|
$650,000
|
|
Discover Financial Services, 6.125% to 09/23/25 then T5Y + 5.783%, Series D
|
$ 648,338
|
*(1)(2)
|
|
|
General Motors Financial Company:
|
|
|
$600,000
|
|
5.70% to 09/30/30 then T5Y + 4.997%, Series C
|
577,519
|
*(1)(2)
|
$192,000
|
|
5.75% to 09/30/27 then 3ML + 3.598%, Series A
|
183,006
|
*(1)
|
$775,000
|
|
6.50% to 09/30/28 then 3ML + 3.436%, Series B
|
765,016
|
*(1)(2)
|
17,700
|
|
Raymond James Financial, Inc., 6.375% to 07/01/26 then TSFR3M + 4.34961%, Series B
|
448,606
|
*(1)(2)
|
|
|
Stifel Financial Corp.:
|
|
|
16,000
|
|
4.50%, Series D
|
307,200
|
*(1)
|
21,500
|
|
6.25%, Series B
|
535,780
|
*(1)(2)
|
21,900
|
|
TPG Operating Group II LP, 6.95% 03/15/64
|
564,363
|
|
|
|
|
10,737,833
|
|
|
|
Insurance — 17.5%
|
|
|
$1,610,000
|
|
American International Group, Inc., 8.175% to 05/15/38 then 3ML + 4.195%, 05/15/58, Series A-6
|
1,780,059
|
(2)(3)
|
50,000
|
|
American National Group, Inc., 5.95% to 12/01/24 then T5Y + 4.322%, Series A
|
1,228,500
|
*(1)(2)
|
10,500
|
|
Arch Capital Group, Ltd., 5.45%, Series F
|
243,600
|
**(1)(5)
|
13,100
|
|
Assurant, Inc., 5.25% 01/15/61
|
287,545
|
|
|
|
Athene Holding Ltd.:
|
|
|
21,200
|
|
4.875%, Series D
|
407,040
|
*(1)(2)
|
97,070
|
|
6.35% to 06/30/29 then 3ML + 4.253%, Series A
|
2,412,189
|
*(1)(2)
|
12,800
|
|
6.375% to 09/30/25 then T5Y + 5.97%, Series C
|
321,792
|
*(1)(2)
|
30,920
|
|
7.25% to 03/30/29 then T5Y + 2.986%, 03/30/64
|
781,658
|
|
17,500
|
|
Axis Capital Holdings Ltd., 5.50%, Series E
|
386,925
|
**(1)(2)(5)
|
$655,000
|
|
AXIS Specialty Finance LLC, 4.90% to 01/15/30 then T5Y + 3.186%, 01/15/40
|
618,390
|
(2)(5)
|
|
|
Chubb Ltd.:
|
|
|
$975,000
|
|
Ace Capital Trust II, 9.70% 04/01/30
|
1,183,872
|
(2)(3)
|
12,500
|
|
CNO Financial Group, Inc., 5.125% 11/25/60
|
269,000
|
|
139,279
|
|
Delphi Financial Group, TSFR3M + 3.45161%, 8.5697%(4), 05/15/37
|
3,360,106
|
(2)
|
|
|
Enstar Group Ltd.:
|
|
|
45,000
|
|
7.00% to 09/01/28 then 3ML + 4.015%, Series D
|
919,800
|
**(1)(2)(5)
|
$560,000
|
|
Enstar Finance LLC, 5.50% to 01/15/27 then T5Y + 4.006%, 01/15/42
|
515,962
|
(5)
|
$425,000
|
|
Enstar Finance LLC, 5.75% to 09/01/25 then T5Y + 5.468%, 09/01/40
|
416,973
|
(5)
|
$125,000
|
|
Equitable Holdings, Inc., 4.95% to 12/15/25 then T5Y + 4.736%, Series B
|
123,378
|
*(1)
|
$885,000
|
|
Everest Reinsurance Holdings, TSFR3M + 2.6466%, 7.7647%(4), 05/15/37
|
859,685
|
(2)
|
|
|
Global Atlantic Fin Company:
|
|
|
$1,180,000
|
|
4.70% to 10/15/26 then T5Y + 3.796%, 10/15/51, 144A****
|
1,109,286
|
(2)(3)
|
$600,000
|
|
7.95% to 10/15/29 then T5Y + 3.608%, 10/15/54, 144A****
|
615,267
|
|
12,700
|
|
Jackson Financial, Inc., 8.00% to 03/30/28 then T5Y + 3.728%, Series A
|
335,280
|
*(1)
|
$750,000
|
|
Kuvare US Holdings, Inc., 7.00% to 05/01/26 then T5Y + 6.541%, 02/17/51, Series A, 144A****
|
753,750
|
*
|