|
Shenkman Capital Floating Rate High Income Fund
|
||||||||
|
Schedule of Investments
|
||||||||
|
December 31, 2021 (Unaudited)
|
||||||||
|
Principal
|
Fair
|
|||||||
|
Amount
|
Value
|
|||||||
|
BANK LOANS - 87.00%
|
||||||||
|
AEROSPACE & DEFENSE - 1.01%
|
||||||||
|
Peraton Corp., Senior Secured First Lien Term Loan 4.50% (1 Month LIBOR USD + 3.75%, 0.750% Floor), 02/01/2028 (a)
|
$
|
2,404,760
|
$
|
2,409,907
|
||||
|
Transdigm, Inc., Senior Secured First Lien Term Loan 2.354% (1 Month LIBOR USD + 2.25%), 08/22/2024 (a)
|
529,110
|
523,975
|
||||||
|
2,933,882
|
||||||||
|
AUTO RETAIL - 0.42%
|
||||||||
|
CWGS Group, LLC, Senior Secured First Lien Term Loan 3.25% (1 Month LIBOR USD + 2.50%, 0.750% Floor), 06/05/2028 (a)
|
750,609
|
745,824
|
||||||
|
Mavis Tire Express Services Topco Corp., Senior Secured First Lien Term Loan 4.75% (3 Month LIBOR USD + 4.00%, 0.750% Floor), 05/04/2028 (a)
|
478,595
|
479,643
|
||||||
|
1,225,467
|
||||||||
|
AUTOMOTIVE - 1.03%
|
||||||||
|
Adient U.S., LLC, Senior Secured First Lien Term Loan 3.604% (1 Month LIBOR USD + 3.50%), 04/10/2028 (a)
|
712,420
|
713,460
|
||||||
|
Clarios Global, L.P., Senior Secured First Lien Term Loan 3.354% (1 Month LIBOR USD + 3.25%), 04/30/2026 (a)
|
642,510
|
640,020
|
||||||
|
LS Group Opco Acquisition, LLC, Senior Secured First Lien Term Loan 4.00% (6 Month LIBOR USD + 3.25%, 0.750% Floor), 11/02/2027 (a)
|
1,009,800
|
1,010,639
|
||||||
|
LTI Holdings, Inc., Senior Secured First Lien Term Loan 3.604% (1 Month LIBOR USD + 3.50%), 09/08/2025 (a)
|
609,525
|
603,262
|
||||||
|
2,967,381
|
||||||||
|
BUILDING PRODUCTS - 2.35%
|
||||||||
|
Core & Main Holding, L.P., Senior Secured First Lien Term Loan 2.602% (1 Month LIBOR USD + 2.50%), 07/27/2028 (a)
|
712,076
|
709,110
|
||||||
|
Cornerstone Building Brands, Inc., Senior Secured First Lien Term Loan 3.75% (1 Month LIBOR USD + 3.25%, 0.500% Floor), 04/12/2028 (a)
|
929,973
|
929,684
|
||||||
|
CPG International, Inc., Senior Secured First Lien Term Loan 3.25% (12 Month LIBOR USD + 2.50%, 0.750% Floor), 05/06/2024 (a)
|
1,111,519
|
1,113,236
|
||||||
|
Forterra Finance, LLC, Senior Secured First Lien Term Loan 4.00% (1 Month LIBOR USD + 3.00%, 1.000% Floor), 10/25/2023 (a)
|
462,566
|
462,943
|
||||||
|
QUIKRETE Holdings, Inc.
|
||||||||
|
Senior Secured First Lien Term Loan 2.604% (1 Month LIBOR USD + 2.50%), 02/01/2027 (a)
|
1,398,815
|
1,385,436
|
||||||
|
Senior Secured First Lien Term Loan 3.186% (LIBOR USD + 0.00%), 05/12/2028 (a)(g)
|
1,145,000
|
1,144,124
|
||||||
|
TAMKO Building Products, LLC
|
||||||||
|
Senior Secured First Lien Term Loan 3.104% (1 Month LIBOR USD + 3.00%), 05/29/2026 (a)
|
190,241
|
189,607
|
||||||
|
Senior Secured First Lien Term Loan 3.141% (2 Month LIBOR USD + 3.00%), 05/29/2026 (a)
|
195,810
|
195,158
|
||||||
|
VC GB Holdings I Corp., Senior Secured First Lien Term Loan 4.00% (3 Month LIBOR USD + 3.50%, 0.500% Floor), 07/21/2028 (a)
|
663,000
|
658,753
|
||||||
|
6,788,051
|
||||||||
|
CHEMICALS - 3.59%
|
||||||||
|
Alpha 3 B.V., Senior Secured First Lien Term Loan 3.00% (3 Month LIBOR USD + 2.50%, 0.500% Floor), 03/17/2028 (a)
|
646,750
|
646,323
|
||||||
|
Colouroz Midco
|
||||||||
|
Senior Secured First Lien Term Loan 5.25% (1 Month LIBOR USD + 4.25%, 1.000% Floor), 09/21/2023 (a)
|
854,957
|
851,661
|
||||||
|
Senior Secured First Lien Term Loan 5.25% (3 Month LIBOR USD + 4.25%, 1.000% Floor), 09/21/2023 (a)
|
7,566
|
7,537
|
||||||
|
Senior Secured First Lien Term Loan 5.25% (1 Month LIBOR USD + 4.25%, 1.000% Floor), 09/21/2023 (a)
|
141,715
|
141,169
|
||||||
|
Senior Secured First Lien Term Loan 5.25% (3 Month LIBOR USD + 4.25%, 1.000% Floor), 09/21/2023 (a)
|
1,251
|
1,246
|
||||||
|
HB Fuller Co., Senior Secured First Lien Term Loan 2.104% (1 Month LIBOR USD + 2.00%), 10/21/2024 (a)
|
190,359
|
190,609
|
||||||
|
INEOS U.S. Finance, LLC, Senior Secured First Lien Term Loan 3.00% (1 Month LIBOR USD + 2.50%, 0.500% Floor), 11/06/2028 (a)
|
720,000
|
717,602
|
||||||
|
LSF11 A5 Holdco, LLC, Senior Secured First Lien Term Loan 4.25% (3 Month LIBOR USD + 3.75%, 0.500% Floor), 10/16/2028 (a)
|
689,202
|
689,488
|
||||||
|
LSF11 Skyscraper Holdco S.A.R.L., Senior Secured First Lien Term Loan 4.25% (3 Month LIBOR USD + 3.50%, 0.750% Floor), 09/29/2027 (a)
|
824,783
|
825,299
|
||||||
|
Lummus Technology Holdings V, LLC, Senior Secured First Lien Term Loan 3.604% (1 Month LIBOR USD + 3.50%), 06/30/2027 (a)
|
1,496,329
|
1,489,581
|
||||||
|
Olympus Water U.S. Holding Corp., Senior Secured First Lien Term Loan 4.25% (1 Month LIBOR USD + 3.75%, 0.500% Floor), 11/09/2028 (a)
|
803,000
|
801,494
|
||||||
|
Orion Engineered Carbons GmbH, Senior Secured First Lien Term Loan 2.75% (3 Month LIBOR USD + 2.25%, 0.500% Floor), 09/22/2028 (a)
|
287,280
|
286,993
|
||||||
|
PMHC II, Inc., Senior Secured First Lien Term Loan 4.50% (3 Month LIBOR USD + 3.50%, 1.000% Floor), 03/31/2025 (a)
|
462,000
|
460,124
|
||||||
|
Polar U.S. Borrower, LLC, Senior Secured First Lien Term Loan 4.874% (3 Month LIBOR USD + 4.75%), 10/15/2025 (a)
|
689,474
|
690,767
|
||||||
|
PQ Corp.
|
||||||||
|
Senior Secured First Lien Term Loan 3.25% (1 Month LIBOR USD + 2.75%, 0.500% Floor), 06/09/2028 (a)
|
258,380
|
258,542
|
||||||
|
Senior Secured First Lien Term Loan 3.25% (3 Month LIBOR USD + 2.75%, 0.500% Floor), 06/09/2028 (a)
|
98,825
|
98,886
|
||||||
|
PQ Performance Chemicals, Senior Secured First Lien Term Loan 4.25% (3 Month LIBOR USD + 3.50%, 0.750% Floor), 08/02/2028 (a)
|
529,000
|
530,323
|
||||||
|
Spectrum Holdings III Corp., Senior Secured First Lien Term Loan 4.25% (6 Month LIBOR USD + 3.25%, 1.000% Floor), 01/31/2025 (a)
|
713,838
|
699,676
|
||||||
|
Tronox Finance, LLC
|
||||||||
|
Senior Secured First Lien Term Loan 2.354% (1 Month LIBOR USD + 2.25%), 03/10/2028 (a)
|
70,154
|
69,628
|
||||||
|
Senior Secured First Lien Term Loan 2.474% (3 Month LIBOR USD + 2.25%), 03/10/2028 (a)
|
346,154
|
343,557
|
||||||
|
W.R. Grace Holdings, LLC, Senior Secured First Lien Term Loan 4.25% (3 Month LIBOR USD + 3.75%, 0.500% Floor), 09/22/2028 (a)
|
569,000
|
570,707
|
||||||
|
10,371,212
|
||||||||
|
COMMERCIAL SERVICES - 6.39%
|
||||||||
|
AlixPartners, LLP, Senior Secured First Lien Term Loan 3.25% (1 Month LIBOR USD + 2.75%, 0.500% Floor), 02/04/2028 (a)
|
1,431,397
|
1,426,795
|
||||||
|
Allied Universal Holdco, LLC, Senior Secured First Lien Term Loan 4.25% (3 Month LIBOR USD + 3.75%, 0.500% Floor), 05/12/2028 (a)
|
2,149,512
|
2,145,223
|
||||||
|
Apex Group Treasury, LLC
|
||||||||
|
Senior Secured First Lien Term Loan 4.25% (LIBOR USD + 0.00%, 0.000% Floor), 07/27/2028 (a)(g)
|
548,000
|
547,830
|
||||||
|
Senior Secured First Lien Term Loan 4.25% (3 Month LIBOR USD + 3.75%, 0.500% Floor), 07/27/2028 (a)
|
712,215
|
711,994
|
||||||
|
Camelot U.S. Acquisition 1 Co.
|
||||||||
|
Senior Secured First Lien Term Loan 3.104% (1 Month LIBOR USD + 3.00%), 10/30/2026 (a)
|
789,618
|
785,176
|
||||||
|
Senior Secured First Lien Term Loan 4.00% (1 Month LIBOR USD + 3.00%, 1.000% Floor), 10/30/2026 (a)
|
2,206,198
|
2,207,577
|
||||||
|
Corelogic, Inc., Senior Secured First Lien Term Loan 4.00% (1 Month LIBOR USD + 3.50%, 0.500% Floor), 06/02/2028 (a)
|
1,039,395
|
1,039,915
|
||||||
|
Deerfield Dakota Holding, LLC, Senior Secured First Lien Term Loan 4.75% (1 Month LIBOR USD + 3.75%, 1.000% Floor), 04/09/2027 (a)
|
1,348,882
|
1,352,153
|
||||||
|
Dun & Bradstreet Corp., Senior Secured First Lien Term Loan 3.352% (1 Month LIBOR USD + 3.25%), 02/06/2026 (a)
|
1,849,057
|
1,843,777
|
||||||
|
EAB Global, Inc.
|
||||||||
|
Senior Secured First Lien Term Loan 4.00% (1 Month LIBOR USD + 3.50%, 0.500% Floor), 08/16/2028 (a)
|
855,855
|
852,290
|
||||||
|
Senior Secured First Lien Term Loan 4.00% (3 Month LIBOR USD + 3.50%, 0.500% Floor), 08/16/2028 (a)
|
2,145
|
2,136
|
||||||
|
Garda World Security Corp., Senior Secured First Lien Term Loan 4.36% (1 Month LIBOR USD + 4.25%), 10/30/2026 (a)
|
575,876
|
575,819
|
||||||
|
GI Consilio Parent, LLC, Senior Secured First Lien Term Loan 4.50% (1 Month LIBOR USD + 4.00%, 0.500% Floor), 05/12/2028 (a)
|
298,478
|
297,017
|
||||||
|
Indy U.S. BIDCO, LLC, Senior Secured First Lien Term Loan 3.854% (1 Month LIBOR USD + 3.75%), 03/06/2028 (a)
|
845,621
|
845,887
|
||||||
|
INEOS U.S. Petrochem, LLC, Senior Secured First Lien Term Loan 3.25% (1 Month LIBOR USD + 2.75%, 0.500% Floor), 01/29/2026 (a)
|
497,500
|
496,672
|
||||||
|
IRI Holdings, Inc., Senior Secured First Lien Term Loan 4.354% (1 Month LIBOR USD + 4.25%), 12/01/2025 (a)
|
1,765,724
|
1,768,594
|
||||||
|
KAR Auction Services, Inc., Senior Secured First Lien Term Loan 2.375% (1 Month LIBOR USD + 2.25%), 09/21/2026 (a)
|
658,015
|
649,790
|
||||||
|
Pre-Paid Legal Services, Inc., Senior Secured First Lien Term Loan 4.25% (3 Month LIBOR USD + 3.75%, 0.500% Floor), 12/15/2028 (a)
|
713,000
|
709,731
|
||||||
|
Tempo Acquisition, LLC, Senior Secured First Lien Term Loan 2.854% (1 Month LIBOR USD + 2.75%), 05/01/2024 (a)
|
203,797
|
203,950
|
||||||
|
18,462,326
|
||||||||
|
CONSTRUCTION & ENGINEERING - 1.36%
|
||||||||
|
Amentum Government Services Holdings, LLC
|
||||||||
|
Senior Secured First Lien Term Loan 3.59% (1 Month LIBOR USD + 3.50%), 02/01/2027 (a)
|
315,656
|
311,613
|
||||||
|
Senior Secured First Lien Term Loan 3.601% (1 Month LIBOR USD + 3.50%), 02/01/2027 (a)
|
626,989
|
618,957
|
||||||
|
American Residential Services, LLC, Senior Secured First Lien Term Loan 4.25% (3 Month LIBOR USD + 3.50%, 0.750% Floor), 10/15/2027 (a)
|
672,210
|
673,050
|
||||||
|
Api Group, Inc., Senior Secured First Lien Term Loan 2.601% (1 Month LIBOR USD + 2.50%), 10/01/2026 (a)
|
562,343
|
562,202
|
||||||
|
Brand Industrial Services, Inc., Senior Secured First Lien Term Loan 5.25% (3 Month LIBOR USD + 4.25%, 1.000% Floor), 06/21/2024 (a)
|
433,861
|
425,424
|
||||||
|
Centuri Group, Inc., Senior Secured First Lien Term Loan 3.00% (3 Month LIBOR USD + 2.50%, 0.500% Floor), 08/28/2028 (a)
|
743,457
|
743,643
|
||||||
|
Tiger Acquisition, LLC, Senior Secured First Lien Term Loan 3.75% (1 Month LIBOR USD + 3.25%, 0.500% Floor), 06/01/2028 (a)
|
593,513
|
590,652
|
||||||
|
3,925,541
|
||||||||
|
CONSUMER DISCRETIONARY - 1.02%
|
||||||||
|
Champ Acquisition Corp.
|
||||||||
|
Senior Secured First Lien Term Loan 5.658% (3 Month LIBOR USD + 5.50%), 12/19/2025 (a)
|
86,546
|
87,141
|
||||||
|
Senior Secured First Lien Term Loan 5.667% (6 Month LIBOR USD + 5.50%), 12/19/2025 (a)
|
87,337
|
87,937
|
||||||
|
Learning Care Group (U.S.) No. 2, Inc.
|
||||||||
|
Senior Secured First Lien Term Loan 4.25% (3 Month LIBOR USD + 3.25%, 1.000% Floor), 03/13/2025 (a)
|
111,762
|
109,806
|
||||||
|
Senior Secured First Lien Term Loan 4.25% (6 Month LIBOR USD + 3.25%, 1.000% Floor), 03/13/2025 (a)
|
345,545
|
339,498
|
||||||
|
Prometric Holdings, Inc., Senior Secured First Lien Term Loan 4.00% (1 Month LIBOR USD + 3.00%, 1.000% Floor), 01/29/2025 (a)
|
963,690
|
953,451
|
||||||
|
Tory Burch, LLC, Senior Secured First Lien Term Loan 3.50% (1 Month LIBOR USD + 3.00%, 0.500% Floor), 04/14/2028 (a)
|
373,125
|
373,125
|
||||||
|
Wand NewCo 3, Inc.
|
||||||||
|
Senior Secured First Lien Term Loan 3.175% (1 Month LIBOR USD + 3.00%), 02/05/2026 (a)
|
463,235
|
457,350
|
||||||
|
Senior Secured First Lien Term Loan 3.175% (3 Month LIBOR USD + 3.00%), 02/05/2026 (a)
|
321,720
|
317,633
|
||||||
|
WW International, Inc., Senior Secured First Lien Term Loan 4.00% (1 Month LIBOR USD + 3.50%, 0.500% Floor), 04/13/2028 (a)
|
233,415
|
231,482
|
||||||
|
2,957,423
|
||||||||
|
CONSUMER NON-DISCRETIONARY - 0.26%
|
||||||||
|
Kronos Acquisition Holdings, Inc.
|
||||||||
|
Senior Secured First Lien Term Loan 4.25% (1 Month LIBOR USD + 3.75%, 0.500% Floor), 12/22/2026 (a)
|
232,282
|
226,076
|
||||||
|
Senior Secured First Lien Term Loan 4.25% (3 Month LIBOR USD + 3.75%, 0.500% Floor), 12/22/2026 (a)
|
544,868
|
530,312
|
||||||
|
756,388
|
||||||||
|
ENVIRONMENTAL SERVICES - 1.48%
|
||||||||
|
Belfor Holdings, Inc., Senior Secured First Lien Term Loan 3.854% (1 Month LIBOR USD + 3.75%), 04/06/2026 (a)
|
502,907
|
504,164
|
||||||
|
Brightview Landscapes, LLC, Senior Secured First Lien Term Loan 2.625% (1 Month LIBOR USD + 2.50%), 08/15/2025 (a)
|
856,214
|
853,362
|
||||||
|
Covanta Holding Corp.
|
||||||||
|
Senior Secured First Lien Term Loan 3.00% (1 Month LIBOR USD + 2.50%, 0.500% Floor), 11/30/2028 (a)
|
617,728
|
619,118
|
||||||
|
Senior Secured First Lien Term Loan 3.00% (1 Month LIBOR USD + 2.50%, 0.500% Floor), 11/30/2028 (a)
|
46,272
|
46,376
|
||||||
|
Strategic Materials Holdings Corp., Senior Secured First Lien Term Loan 4.75% (3 Month LIBOR USD + 3.75%, 1.000% Floor), 11/01/2024 (a)
|
912,000
|
822,414
|
||||||
|
WIN Waste Innovations Holdings, Inc., Senior Secured First Lien Term Loan 3.25% (3 Month LIBOR USD + 2.75%, 0.500% Floor), 03/24/2028 (a)
|
1,447,725
|
1,447,363
|
||||||
|
4,292,797
|
||||||||
|
FINANCIALS - DIVERSIFIED - 0.95%
|
||||||||
|
Blackstone Mortgage Trust, Inc., Senior Secured First Lien Term Loan 2.354% (1 Month LIBOR USD + 2.25%), 04/23/2026 (a)
|
571,838
|
566,837
|
||||||
|
Focus Financial Partners, LLC, Senior Secured First Lien Term Loan 2.104% (1 Month LIBOR USD + 2.00%), 07/03/2024 (a)
|
610,739
|
606,580
|
||||||
|
Starwood Property Mortgage, LLC, Senior Secured First Lien Term Loan 2.604% (1 Month LIBOR USD + 2.50%), 07/27/2026 (a)
|
464,313
|
462,571
|
||||||
|
Tecta America Corp., Senior Secured First Lien Term Loan 5.00% (1 Month LIBOR USD + 4.25%, 0.750% Floor), 04/06/2028 (a)
|
435,810
|
436,627
|
||||||
|
VFH Parent, LLC, Senior Secured First Lien Term Loan 3.102% (1 Month LIBOR USD + 3.00%), 03/02/2026 (a)
|
662,604
|
661,822
|
||||||
|
2,734,437
|
||||||||
|
FINANCIALS - INSURANCE - 3.39%
|
||||||||
|
Acrisure, LLC
|
||||||||
|
Senior Secured First Lien Term Loan 3.632% (3 Month LIBOR USD + 3.50%), 02/16/2027 (a)
|
642,931
|
636,823
|
||||||
|
Senior Secured First Lien Term Loan 4.75% (1 Month LIBOR USD + 4.25%, 0.500% Floor), 02/16/2027 (a)
|
265,000
|
265,331
|
||||||
|
AmWINS Group, LLC, Senior Secured First Lien Term Loan 3.00% (1 Month LIBOR USD + 2.25%, 0.750% Floor), 02/22/2028 (a)
|
754,193
|
749,559
|
||||||
|
AssuredPartners, Inc.
|
||||||||
|
Senior Secured First Lien Term Loan 3.604% (1 Month LIBOR USD + 3.50%), 02/12/2027 (a)
|
643,482
|
639,506
|
||||||
|
Senior Secured First Lien Term Loan 4.00% (1 Month LIBOR USD + 3.50%, 0.500% Floor), 02/12/2027 (a)
|
363,177
|
363,121
|
||||||
|
Asurion, LLC
|
||||||||
|
Senior Secured First Lien Term Loan 3.354% (1 Month LIBOR USD + 3.25%), 12/23/2026 (a)
|
3,399,648
|
3,381,239
|
||||||
|
Senior Secured First Lien Term Loan 3.354% (1 Month LIBOR USD + 3.25%), 07/30/2027 (a)
|
1,555,165
|
1,547,584
|
||||||
|
Senior Secured Second Lien Term Loan 5.354% (1 Month LIBOR USD + 5.25%), 01/31/2028 (a)
|
340,000
|
341,488
|
||||||
|
Senior Secured Second Lien Term Loan 5.354% (1 Month LIBOR USD + 5.25%), 01/19/2029 (a)
|
430,000
|
428,792
|
||||||
|
HUB International, Ltd., Senior Secured First Lien Term Loan 4.00% (3 Month LIBOR USD + 3.25%, 0.750% Floor), 04/25/2025 (a)
|
1,433,325
|
1,435,037
|
||||||
|
9,788,480
|
||||||||
|
FOOD & BEVERAGE - 1.25%
|
||||||||
|
Froneri U.S., Inc., Senior Secured First Lien Term Loan 2.354% (1 Month LIBOR USD + 2.25%), 01/29/2027 (a)
|
640,250
|
633,121
|
||||||
|
H-Food Holdings, LLC
|
||||||||
|
Senior Secured First Lien Term Loan 3.792% (1 Month LIBOR USD + 3.6875%), 05/23/2025 (a)
|
878,150
|
873,759
|
||||||
|
Senior Secured First Lien Term Loan 4.104% (1 Month LIBOR USD + 4.00%), 05/23/2025 (a)
|
121,250
|
120,928
|
||||||
|
Sunshine Investments B.V., Senior Secured First Lien Term Loan 2.908% (3 Month LIBOR USD + 2.75%), 03/28/2025 (a)
|
235,200
|
234,612
|
||||||
|
Triton Water Holdings, Inc., Senior Secured First Lien Term Loan 4.00% (3 Month LIBOR USD + 3.50%, 0.500% Floor), 03/31/2028 (a)
|
1,778,065
|
1,761,396
|
||||||
|
3,623,816
|
||||||||
|
HEALTHCARE - EQUIPMENT & SUPPLIES - 3.62%
|
||||||||
|
athenahealth, Inc., Senior Secured First Lien Term Loan 4.40% (3 Month LIBOR USD + 4.25%), 02/11/2026 (a)
|
882,779
|
883,993
|
||||||
|
Aveanna Healthcare, LLC
|
||||||||
|
Senior Secured First Lien Delayed-Draw Term Loan 4.50% (LIBOR USD + 0.00%, 0.000% Floor), 06/30/2028 (a)(g)
|
188,491
|
187,918
|
||||||
|
Senior Secured First Lien Term Loan 4.25% (1 Month LIBOR USD + 3.75%, 0.500% Floor), 07/17/2028 (a)
|
808,483
|
806,029
|
||||||
|
Change Healthcare Holdings, Inc., Senior Secured First Lien Term Loan 3.50% (1 Month LIBOR USD + 2.50%, 1.000% Floor), 03/01/2024 (a)
|
894,600
|
894,725
|
||||||
|
CHG Healthcare Services, Inc., Senior Secured First Lien Term Loan 4.00% (3 Month LIBOR USD + 3.50%, 0.500% Floor), 09/29/2028 (a)
|
1,031,415
|
1,032,833
|
||||||
|
Greatbatch, Ltd., Senior Secured First Lien Term Loan 3.00% (1 Month LIBOR USD + 2.50%, 0.500% Floor), 09/02/2028 (a)
|
748,125
|
747,968
|
||||||
|
Greenway Health, LLC, Senior Secured First Lien Term Loan 4.75% (6 Month LIBOR USD + 3.75%, 1.000% Floor), 02/16/2024 (a)
|
620,750
|
594,626
|
||||||
|
Insulet Corp., Senior Secured First Lien Term Loan 3.75% (1 Month LIBOR USD + 3.25%, 0.500% Floor), 05/04/2028 (a)
|
776,100
|
777,800
|
||||||
|
Medline Borrower, L.P., Senior Secured First Lien Term Loan 3.75% (1 Month LIBOR USD + 3.25%, 0.500% Floor), 10/23/2028 (a)
|
1,765,000
|
1,766,597
|
||||||
|
Milano Acquisition Corp., Senior Secured First Lien Term Loan 4.75% (3 Month LIBOR USD + 4.00%, 0.750% Floor), 10/01/2027 (a)
|
936,927
|
940,558
|
||||||
|
MPH Acquisition Holdings, LLC, Senior Secured First Lien Term Loan 4.75% (3 Month LIBOR USD + 4.25%, 0.500% Floor), 09/01/2028 (a)
|
859,845
|
841,578
|
||||||
|
Navicure, Inc., Senior Secured First Lien Term Loan 4.104% (1 Month LIBOR USD + 4.00%), 10/22/2026 (a)
|
994,082
|
994,495
|
||||||
|
10,469,120
|
||||||||
|
HEALTHCARE - FACILITIES - 3.66%
|
||||||||
|
AccentCare, Inc., Senior Secured First Lien Term Loan 4.175% (3 Month LIBOR USD + 4.00%), 06/22/2026 (a)
|
512,425
|
511,464
|
||||||
|
ADMI Corp.
|
||||||||
|
Senior Secured First Lien Term Loan 3.875% (1 Month LIBOR USD + 3.375%, 0.500% Floor), 12/23/2027 (a)
|
648,216
|
644,975
|
||||||
|
Senior Secured First Lien Term Loan 4.00% (1 Month LIBOR USD + 3.50%, 0.500% Floor), 12/23/2027 (a)
|
648,375
|
648,223
|
||||||
|
AHP Health Partners, Inc., Senior Secured First Lien Term Loan 4.00% (1 Month LIBOR USD + 3.50%, 0.500% Floor), 08/24/2028 (a)
|
795,008
|
796,252
|
||||||
|
Electron Bidco, Inc., Senior Secured First Lien Term Loan 3.75% (6 Month LIBOR USD + 3.25%, 0.500% Floor), 11/01/2028 (a)
|
1,407,000
|
1,405,367
|
||||||
|
Envision Healthcare Corp., Senior Secured First Lien Term Loan 3.854% (1 Month LIBOR USD + 3.75%), 10/10/2025 (a)
|
809,549
|
653,966
|
||||||
|
Global Medical Response, Inc.
|
||||||||
|
Senior Secured First Lien Term Loan 5.25% (6 Month LIBOR USD + 4.25%, 1.000% Floor), 03/14/2025 (a)
|
530,195
|
528,965
|
||||||
|
Senior Secured First Lien Term Loan 5.25% (6 Month LIBOR USD + 4.25%, 1.000% Floor), 10/02/2025 (a)
|
325,129
|
324,235
|
||||||
|
Heartland Dental, LLC
|
||||||||
|
Senior Secured First Lien Term Loan 3.604% (1 Month LIBOR USD + 3.50%), 04/30/2025 (a)
|
811,270
|
804,792
|
||||||
|
Senior Secured First Lien Term Loan 4.104% (1 Month LIBOR USD + 4.00%), 04/30/2025 (a)
|
1,119,375
|
1,119,140
|
||||||
|
Option Care Health, Inc., Senior Secured First Lien Term Loan 3.25% (1 Month LIBOR USD + 2.75%, 0.500% Floor), 10/27/2028 (a)
|
776,000
|
775,756
|
||||||
|
Premier Dental Services, Inc., Senior Secured First Lien Term Loan 5.25% (1 Month LIBOR USD + 4.50%, 0.750% Floor), 08/18/2028 (a)
|
311,241
|
311,786
|
||||||
|
Sotera Health Holdings, LLC, Senior Secured First Lien Term Loan 3.25% (1 Month LIBOR USD + 2.75%, 0.500% Floor), 12/11/2026 (a)
|
866,000
|
863,969
|
||||||
|
U.S. Radiology Specialists, Inc., Senior Secured First Lien Term Loan 6.00% (1 Month LIBOR USD + 5.25%, 0.500% Floor), 12/15/2027 (a)
|
728,000
|
728,568
|
||||||
|
U.S. Renal Care, Inc., Senior Secured First Lien Term Loan 5.125% (1 Month LIBOR USD + 5.00%), 06/26/2026 (a)
|
427,812
|
417,172
|
||||||
|
Western Dental Services, Inc., Senior Secured First Lien Delayed-Draw Term Loan 5.25% (1 Month LIBOR USD + 4.50%, 0.750% Floor), 08/18/2028 (a)(i)
|
31,759
|
31,815
|
||||||
|
10,566,445
|
||||||||
|
HEALTHCARE - LIFE SCIENCES - 1.54%
|
||||||||
|
Avantor Funding, Inc., Senior Secured First Lien Term Loan 2.75% (3 Month LIBOR USD + 2.25%, 0.500% Floor), 11/08/2027 (a)
|
784,191
|
784,763
|
||||||
|
Cambrex Corp., Senior Secured First Lien Term Loan 4.25% (1 Month LIBOR USD + 3.50%, 0.750% Floor), 12/04/2026 (a)
|
780,663
|
782,368
|
||||||
|
Curia Global, Inc., Senior Secured First Lien Term Loan 4.50% (3 Month LIBOR USD + 3.75%, 0.750% Floor), 08/31/2026 (a)
|
1,188,816
|
1,191,788
|
||||||
|
ICON Luxembourg S.A.R.L., Senior Secured First Lien Term Loan 2.75% (3 Month LIBOR USD + 2.25%, 0.500% Floor), 07/03/2028 (a)
|
695,473
|
696,583
|
||||||
|
Phoenix Newco, Inc., Senior Secured First Lien Term Loan 4.00% (1 Month LIBOR USD + 3.50%, 0.500% Floor), 11/15/2028 (a)
|
832,000
|
833,148
|
||||||
|
PRA Health Sciences, Inc., Senior Secured First Lien Term Loan 2.75% (3 Month LIBOR USD + 2.25%, 0.500% Floor), 07/03/2028 (a)
|
173,278
|
173,554
|
||||||
|
4,462,204
|
||||||||
|
HEALTHCARE - MANAGED HEALTH CARE - 0.60%
|
||||||||
|
Bella Holding Co., LLC, Senior Secured First Lien Term Loan 4.50% (1 Month LIBOR USD + 3.75%, 0.750% Floor), 05/10/2028 (a)
|
459,848
|
460,183
|
||||||
|
Verscend Holding Corp., Senior Secured First Lien Term Loan 4.104% (1 Month LIBOR USD + 4.00%), 08/27/2025 (a)
|
1,269,078
|
1,270,348
|
||||||
|
1,730,531
|
||||||||
|
HEALTHCARE - PHARMACEUTICALS & BIOTECHNOLOGY - 1.08%
|
||||||||
|
Amneal Pharmaceuticals, LLC, Senior Secured First Lien Term Loan 3.625% (1 Month LIBOR USD + 3.50%), 05/05/2025 (a)
|
381,953
|
378,706
|
||||||
|
Bausch Health Cos., Inc., Senior Secured First Lien Term Loan 3.104% (1 Month LIBOR USD + 3.00%), 06/02/2025 (a)
|
1,440,346
|
1,435,484
|
||||||
|
Jazz Pharmaceuticals, Inc., Senior Secured First Lien Term Loan 4.00% (1 Month LIBOR USD + 3.50%, 0.500% Floor), 05/05/2028 (a)
|
676,600
|
679,942
|
||||||
|
Organon & Co., Senior Secured First Lien Term Loan 3.50% (6 Month LIBOR USD + 3.00%, 0.500% Floor), 06/02/2028 (a)
|
619,959
|
621,444
|
||||||
|
3,115,576
|
||||||||
|
INDUSTRIAL MACHINERY - 4.36%
|
||||||||
|
AI Aqua Merger Sub, Inc.
|
||||||||
|
Senior Secured First Lien Delayed-Draw Term Loan 4.50% (LIBOR USD + 0.00%, 0.000% Floor), 06/16/2028 (a)(g)
|
80,889
|
81,214
|
||||||
|
Senior Secured First Lien Term Loan 4.50% (1 Month LIBOR USD + 4.00%, 0.500% Floor), 07/31/2028 (a)
|
829,111
|
832,440
|
||||||
|
Ali Group North America Corp., Senior Secured First Lien Term Loan 2.131% (LIBOR USD + 0.00%, 0.000% Floor), 11/30/2028 (a)(g)
|
695,000
|
691,622
|
||||||
|
ASP Blade Holdings, Inc., Senior Secured First Lien Term Loan 4.50% (1 Month LIBOR USD + 4.00%, 0.500% Floor), 10/13/2028 (a)
|
1,005,000
|
1,006,256
|
||||||
|
Brookfield WEC Holdings, Inc., Senior Secured First Lien Term Loan 3.25% (1 Month LIBOR USD + 2.75%, 0.500% Floor), 08/01/2025 (a)
|
1,713,813
|
1,703,453
|
||||||
|
Clark Equipment Co., Senior Secured First Lien Term Loan 2.474% (3 Month LIBOR USD + 2.25%), 05/17/2024 (a)
|
1,395,455
|
1,395,022
|
||||||
|
Columbus McKinnon Corp., Senior Secured First Lien Term Loan 3.25% (3 Month LIBOR USD + 2.75%, 0.500% Floor), 05/15/2028 (a)
|
440,421
|
441,523
|
||||||
|
Conair Holdings, LLC, Senior Secured First Lien Term Loan 4.25% (3 Month LIBOR USD + 3.75%, 0.500% Floor), 05/17/2028 (a)
|
982,538
|
984,203
|
||||||
|
CPM Holdings, Inc.
|
||||||||
|
Senior Secured First Lien Term Loan 3.599% (1 Month LIBOR USD + 3.50%), 11/17/2025 (a)
|
427,793
|
425,654
|
||||||
|
Senior Secured Second Lien Term Loan 8.349% (1 Month LIBOR USD + 8.25%), 11/16/2026 (a)
|
219,444
|
219,719
|
||||||
|
Filtration Group Corp., Senior Secured First Lien Term Loan 4.00% (1 Month LIBOR USD + 3.50%, 0.500% Floor), 10/20/2028 (a)
|
1,441,388
|
1,441,690
|
||||||
|
Madison IAQ, LLC, Senior Secured First Lien Term Loan 3.75% (3 Month LIBOR USD + 3.25%, 0.500% Floor), 06/21/2028 (a)
|
607,945
|
608,197
|
||||||
|
Penn Engineering & Manufacturing Corp., Senior Secured First Lien Term Loan 3.50% (3 Month LIBOR USD + 2.50%, 1.000% Floor), 06/27/2024 (a)
|
590,355
|
591,831
|
||||||
|
Pro Mach Group, Inc.
|
||||||||
|
Senior Secured First Lien Delayed-Draw Term Loan 5.00% (3 Month LIBOR USD + 4.00%, 1.000% Floor), 08/31/2028 (a)(i)
|
110,279
|
110,800
|
||||||
|
Senior Secured First Lien Term Loan 5.00% (3 Month LIBOR USD + 4.00%, 1.000% Floor), 08/31/2028 (a)
|
876,721
|
880,859
|
||||||
|
Vertical Midco GMBH
|
||||||||
|
Senior Secured First Lien Term Loan 4.00% (3 Month LIBOR USD + 3.50%, 0.500% Floor), 07/30/2027 (a)
|
482,439
|
483,377
|
||||||
|
Senior Secured First Lien Term Loan 4.00% (6 Month LIBOR USD + 3.50%, 0.500% Floor), 07/30/2027 (a)
|
135,979
|
136,243
|
||||||
|
Vertiv Group Corp., Senior Secured First Lien Term Loan 2.844% (1 Month LIBOR USD + 2.75%), 03/02/2027 (a)
|
580,370
|
577,678
|
||||||
|
12,611,781
|
||||||||
|
LEISURE - CASINOS & GAMING - 2.11%
|
||||||||
|
Aristocrat International PTY, Ltd., Senior Secured First Lien Term Loan 4.75% (3 Month LIBOR USD + 3.75%, 1.000% Floor), 10/21/2024 (a)
|
472,800
|
475,608
|
||||||
|
Bally's Corp., Senior Secured First Lien Term Loan 3.75% (1 Month LIBOR USD + 3.25%, 0.500% Floor), 10/02/2028 (a)
|
712,000
|
713,236
|
||||||
|
Entain Holdings (Gibraltar), Ltd., Senior Secured First Lien Term Loan 3.00% (3 Month LIBOR USD + 2.50%, 0.500% Floor), 03/29/2027 (a)
|
743,265
|
742,522
|
||||||
|
Everi Holdings, Inc., Senior Secured First Lien Term Loan 3.00% (1 Month LIBOR USD + 2.50%, 0.500% Floor), 08/03/2028 (a)
|
463,838
|
463,712
|
||||||
|
Golden Entertainment, Inc., Senior Secured First Lien Term Loan 3.75% (1 Month LIBOR USD + 3.00%, 0.750% Floor), 10/21/2024 (a)
|
498,256
|
498,154
|
||||||
|
Penn National Gaming, Inc., Senior Secured First Lien Term Loan 3.00% (1 Month LIBOR USD + 2.25%, 0.750% Floor), 10/15/2025 (a)
|
1,407,837
|
1,408,611
|
||||||
|
Stars Group Holdings B.V., Senior Secured First Lien Term Loan 2.382% (3 Month LIBOR USD + 2.25%), 07/21/2026 (a)
|
1,790,561
|
1,786,433
|
||||||
|
6,088,276
|
||||||||
|
LEISURE - HOTELS - 1.71%
|
||||||||
|
Alterra Mountain Co., Senior Secured First Lien Term Loan 4.00% (1 Month LIBOR USD + 3.50%, 0.500% Floor), 08/17/2028 (a)
|
1,827,796
|
1,827,797
|
||||||
|
Carnival Corp., Senior Secured First Lien Term Loan 4.00% (6 Month LIBOR USD + 3.25%, 0.750% Floor), 10/18/2028 (a)
|
491,000
|
487,727
|
||||||
|
Herschend Entertainment Co., LLC, Senior Secured First Lien Term Loan 4.25% (3 Month LIBOR USD + 3.75%, 0.500% Floor), 08/28/2028 (a)
|
500,745
|
500,745
|
||||||
|
Hilton Grand Vacations Borrower, LLC, Senior Secured First Lien Term Loan 3.50% (1 Month LIBOR USD + 3.00%, 0.500% Floor), 08/02/2028 (a)
|
442,890
|
443,942
|
||||||
|
Lakeland Tours, LLC
|
||||||||
|
Senior Secured First Lien Term Loan 7.25% (3 Month LIBOR USD + 6.00%, 1.250% Floor), 09/25/2023 (a)
|
106,635
|
107,435
|
||||||
|
Senior Secured First Lien Term Loan 2.75% (1 Month LIBOR USD + 1.50%, 1.250% Floor), 09/25/2025 (a)
|
228,892
|
204,000
|
||||||
|
Senior Secured First Lien Term Loan 2.75% (3 Month LIBOR USD + 1.50%, 1.250% Floor), 09/25/2025 (a)
|
182,333
|
181,422
|
||||||
|
Senior Unsecured First Lien Term Loan 13.25%, 09/27/2027
|
257,181
|
177,455
|
||||||
|
United PF Holdings, LLC, Senior Secured First Lien Term Loan 4.224% (3 Month LIBOR USD + 4.00%), 12/30/2026 (a)
|
1,049,671
|
1,015,563
|
||||||
|
4,946,086
|
||||||||
|
LEISURE - RESTAURANTS - 1.11%
|
||||||||
|
IRB Holding Corp.
|
||||||||
|
Senior Secured First Lien Term Loan 3.75% (6 Month LIBOR USD + 2.75%, 1.000% Floor), 02/05/2025 (a)
|
742,382
|
742,171
|
||||||
|
Senior Secured First Lien Term Loan 4.25% (3 Month LIBOR USD + 3.25%, 1.000% Floor), 12/15/2027 (a)
|
653,400
|
654,318
|
||||||
|
Tacala, LLC, Senior Secured First Lien Term Loan 4.25% (1 Month LIBOR USD + 3.50%, 0.750% Floor), 02/05/2027 (a)
|
902,487
|
902,022
|
||||||
|
Whatabrands, LLC, Senior Secured First Lien Term Loan 3.75% (1 Month LIBOR USD + 3.25%, 0.500% Floor), 08/03/2028 (a)
|
911,000
|
909,083
|
||||||
|
3,207,594
|
||||||||
|
MEDIA - BROADCASTING - 3.01%
|
||||||||
|
Diamond Sports Group, LLC, Senior Secured First Lien Term Loan 3.36% (1 Month LIBOR USD + 3.25%), 08/24/2026 (a)
|
673,626
|
316,415
|
||||||
|
EW Scripps Co.
|
||||||||
|
Senior Secured First Lien Term Loan 3.313% (1 Month LIBOR USD + 2.5625%, 0.750% Floor), 05/01/2026 (a)
|
928,845
|
928,919
|
||||||
|
Senior Secured First Lien Term Loan 3.75% (1 Month LIBOR USD + 3.00%, 0.750% Floor), 01/07/2028 (a)
|
1,042,054
|
1,043,211
|
||||||
|
Gray Television, Inc., Senior Secured First Lien Term Loan 3.099% (1 Month LIBOR USD + 3.00%), 12/01/2028 (a)
|
1,745,000
|
1,738,674
|
||||||
|
Hubbard Radio, LLC, Senior Secured First Lien Term Loan 5.25% (1 Month LIBOR USD + 4.25%, 1.000% Floor), 03/28/2025 (a)
|
561,459
|
563,565
|
||||||
|
iHeartCommunications, Inc., Senior Secured First Lien Term Loan 3.104% (1 Month LIBOR USD + 3.00%), 05/01/2026 (a)
|
772,662
|
768,385
|
||||||
|
Learfield Communications, LLC, Senior Secured First Lien Term Loan 4.25% (1 Month LIBOR USD + 3.25%, 1.000% Floor), 12/01/2023 (a)
|
739,287
|
703,121
|
||||||
|
Nexstar Broadcasting, Inc., Senior Secured First Lien Term Loan 2.599% (1 Month LIBOR USD + 2.50%), 09/18/2026 (a)
|
1,187,071
|
1,186,336
|
||||||
|
Sinclair Television Group, Inc., Senior Secured First Lien Term Loan 2.61% (1 Month LIBOR USD + 2.50%), 09/30/2026 (a)
|
923,738
|
902,953
|
||||||
|
Univision Communications, Inc., Senior Secured First Lien Term Loan 3.75% (1 Month LIBOR USD + 2.75%, 1.000% Floor), 03/15/2024 (a)
|
563,223
|
564,101
|
||||||
|
8,715,680
|
||||||||
|
MEDIA - CABLE & SATELLITE - 5.00%
|
||||||||
|
Connect U.S. Finco, LLC, Senior Secured First Lien Term Loan 4.50% (1 Month LIBOR USD + 3.50%, 1.000% Floor), 12/11/2026 (a)
|
2,674,955
|
2,678,527
|
||||||
|
Coral-U.S. Co-Borrower, LLC, Senior Secured First Lien Term Loan 2.34% (1 Month LIBOR USD + 2.25%), 01/31/2028 (a)
|
585,000
|
578,556
|
||||||
|
DIRECTV Financing, LLC, Senior Secured First Lien Term Loan 5.75% (1 Month LIBOR USD + 5.00%, 0.750% Floor), 08/02/2027 (a)
|
566,950
|
568,203
|
||||||
|
Iridium Satellite, LLC, Senior Secured First Lien Term Loan 3.25% (1 Month LIBOR USD + 2.50%, 0.750% Floor), 11/04/2026 (a)
|
592,198
|
592,834
|
||||||
|
Maxar Technologies, Ltd., Senior Secured First Lien Term Loan 2.85% (1 Month LIBOR USD + 2.75%), 10/04/2024 (a)
|
1,619,908
|
1,609,783
|
||||||
|
Radiate Holdco, LLC, Senior Secured First Lien Term Loan 4.00% (1 Month LIBOR USD + 3.25%, 0.750% Floor), 09/25/2026 (a)
|
1,146,000
|
1,143,616
|
||||||
|
Telenet Financing USD, LLC, Senior Secured First Lien Term Loan 2.089% (1 Month LIBOR USD + 2.00%), 04/28/2028 (a)
|
2,230,000
|
2,194,042
|
||||||
|
Telesat Canada, Senior Secured First Lien Term Loan 2.90% (2 Month LIBOR USD + 2.75%), 12/07/2026 (a)
|
1,292,907
|
1,147,455
|
||||||
|
UPC Financing Partnership
|
||||||||
|
Senior Secured First Lien Term Loan 2.36% (1 Month LIBOR USD + 2.25%), 04/28/2028 (a)
|
765,000
|
756,474
|
||||||
|
Senior Secured First Lien Term Loan 3.11% (1 Month LIBOR USD + 3.00%), 01/31/2029 (a)
|
125,000
|
124,726
|
||||||
|
Virgin Media Bristol, LLC, Senior Secured First Lien Term Loan 2.61% (1 Month LIBOR USD + 2.50%), 01/31/2028 (a)
|
1,035,000
|
1,027,025
|
||||||
|
WideOpenWest Finance, LLC, Senior Secured First Lien Term Loan 3.50% (1 Month LIBOR USD + 3.00%, 0.500% Floor), 12/08/2028 (a)
|
745,000
|
745,153
|
||||||
|
Xplornet Communications, Inc., Senior Secured First Lien Term Loan 4.50% (1 Month LIBOR USD + 4.00%, 0.500% Floor), 10/02/2028 (a)
|
1,276,800
|
1,276,934
|
||||||
|
14,443,328
|
||||||||
|
MEDIA - DIVERSIFIED - 2.70%
|
||||||||
|
ABG Intermediate Holdings 2, LLC, Senior Secured First Lien Term Loan 4.00% (3 Month LIBOR USD + 3.25%, 0.750% Floor), 09/27/2024 (a)
|
2,520,379
|
2,514,758
|
||||||
|
Arches Buyer, Inc., Senior Secured First Lien Term Loan 3.75% (1 Month LIBOR USD + 3.25%, 0.500% Floor), 12/06/2027 (a)
|
1,844,012
|
1,834,109
|
||||||
|
Buzz Finco, LLC
|
||||||||
|
Senior Secured First Lien Term Loan 2.854% (1 Month LIBOR USD + 2.75%), 01/29/2027 (a)
|
618,975
|
617,428
|
||||||
|
Senior Secured First Lien Term Loan 3.75% (1 Month LIBOR USD + 3.25%, 0.500% Floor), 01/29/2027 (a)
|
93,705
|
93,412
|
||||||
|
Dotdash Meredith, Inc., Senior Secured First Lien Term Loan 4.50% (3 Month SOFR + 4.00%, 0.500% Floor), 11/23/2028 (a)
|
750,000
|
751,406
|
||||||
|
Getty Images, Inc., Senior Secured First Lien Term Loan 4.625% (1 Month LIBOR USD + 4.50%), 02/19/2026 (a)
|
843,493
|
845,779
|
||||||
|
Red Ventures, LLC, Senior Secured First Lien Term Loan 2.59% (1 Month LIBOR USD + 2.50%), 11/08/2024 (a)
|
663,539
|
660,407
|
||||||
|
Vericast Corp., Senior Secured First Lien Term Loan 8.75% (1 Month LIBOR USD + 7.75%, 1.000% Floor), 06/16/2026 (a)
|
523,798
|
478,547
|
||||||
|
7,795,846
|
||||||||
|
MEDIA - ENTERTAINMENT - 3.64%
|
||||||||
|
CDS U.S. Intermediate Holdings, Inc., Senior Secured First Lien Term Loan 7.00% (3 Month LIBOR USD + 6.00%, 1.000% Floor), 11/24/2025 (a)
|
642,873
|
644,825
|
||||||
|
Cirque Du Soleil Holding, Senior Secured Second Lien Term Loan 2.00% (3 Month LIBOR USD + 1.00%, 1.000% Floor), 11/24/2027 (a)
|
370,794
|
369,809
|
||||||
|
Creative Artists Agency, LLC, Senior Secured First Lien Term Loan 3.854% (1 Month LIBOR USD + 3.75%), 11/26/2026 (a)
|
1,232,048
|
1,230,508
|
||||||
|
Crown Finance U.S., Inc.
|
||||||||
|
Senior Secured First Lien Term Loan 7.00%, 05/23/2024
|
313,876
|
376,455
|
||||||
|
Senior Secured First Lien Term Loan 3.50% (3 Month LIBOR USD + 2.50%, 1.000% Floor), 02/28/2025 (a)
|
696,980
|
541,599
|
||||||
|
Lions Gate Capital Holdings, LLC, Senior Secured First Lien Term Loan 2.354% (1 Month LIBOR USD + 2.25%), 03/24/2025 (a)
|
435,914
|
433,553
|
||||||
|
Metro-Goldwyn-Mayer, Inc., Senior Secured Second Lien Term Loan 5.50% (1 Month LIBOR USD + 4.50%, 1.000% Floor), 07/03/2026 (a)
|
635,000
|
635,994
|
||||||
|
Nascar Holdings, LLC, Senior Secured First Lien Term Loan 2.604% (1 Month LIBOR USD + 2.50%), 10/19/2026 (a)
|
519,121
|
519,040
|
||||||
|
Playtika Holding Corp., Senior Secured First Lien Term Loan 2.854% (1 Month LIBOR USD + 2.75%), 03/13/2028 (a)
|
1,784,515
|
1,779,679
|
||||||
|
UFC Holdings, LLC, Senior Secured First Lien Term Loan 3.50% (6 Month LIBOR USD + 2.75%, 0.750% Floor), 04/29/2026 (a)
|
1,383,803
|
1,380,094
|
||||||
|
William Morris Endeavor Entertainment, LLC, Senior Secured First Lien Term Loan 2.86% (1 Month LIBOR USD + 2.75%), 05/16/2025 (a)
|
2,000,648
|
1,962,387
|
||||||
|
WMG Acquisition Corp., Senior Secured First Lien Term Loan 2.229% (1 Month LIBOR USD + 2.125%), 01/20/2028 (a)
|
637,000
|
635,487
|
||||||
|
10,509,430
|
||||||||
|
METALS & MINING - 0.51%
|
||||||||
|
Atkore International, Inc., Senior Secured First Lien Term Loan 2.50% (3 Month LIBOR USD + 2.00%, 0.500% Floor), 05/26/2028 (a)
|
386,988
|
387,351
|
||||||
|
GrafTech Finance, Inc., Senior Secured First Lien Term Loan 3.50% (1 Month LIBOR USD + 3.00%, 0.500% Floor), 02/12/2025 (a)
|
257,907
|
258,284
|
||||||
|
Grinding Media, Inc., Senior Secured First Lien Term Loan 4.75% (3 Month LIBOR USD + 4.00%, 0.750% Floor), 10/12/2028 (a)
|
833,910
|
834,431
|
||||||
|
1,480,066
|
||||||||
|
MIDSTREAM - STORAGE & TRANSPORT - 1.96%
|
||||||||
|
Buckeye Partners, L.P., Senior Secured First Lien Term Loan 2.349% (1 Month LIBOR USD + 2.25%), 11/02/2026 (a)
|
682,890
|
681,182
|
||||||
|
DT Midstream, Inc.
|
||||||||
|
Senior Secured First Lien Term Loan 2.50% (3 Month LIBOR USD + 2.00%, 0.500% Floor), 06/26/2028 (a)
|
56,062
|
56,242
|
||||||
|
Senior Secured First Lien Term Loan 2.50% (6 Month LIBOR USD + 2.00%, 0.500% Floor), 06/26/2028 (a)
|
516,063
|
517,717
|
||||||
|
ITT Holdings, LLC, Senior Secured First Lien Term Loan 3.25% (3 Month LIBOR USD + 2.75%, 0.500% Floor), 07/10/2028 (a)
|
578,550
|
576,742
|
||||||
|
Lucid Energy Group II Borrower, LLC, Senior Secured First Lien Term Loan 5.00% (1 Month LIBOR USD + 4.25%, 0.750% Floor), 11/22/2028 (a)
|
783,000
|
774,779
|
||||||
|
Northriver Midstream Finance, L.P., Senior Secured First Lien Term Loan 3.382% (3 Month LIBOR USD + 3.25%), 10/01/2025 (a)
|
730,463
|
730,145
|
||||||
|
Oryx Midstream Services Permian Basin, LLC, Senior Secured First Lien Term Loan 3.75% (1 Month LIBOR USD + 3.25%, 0.500% Floor), 10/05/2028 (a)
|
1,290,000
|
1,283,453
|
||||||
|
TransMontaigne Operating Co., L.P., Senior Secured First Lien Term Loan 4.00% (1 Month LIBOR USD + 3.50%, 0.500% Floor), 11/03/2028 (a)
|
1,037,000
|
1,042,833
|
||||||
|
5,663,093
|
||||||||
|
OIL & GAS - EQUIPMENT & SERVICES - 0.14%
|
||||||||
|
U.S. Silica Co., Senior Secured First Lien Term Loan 5.00% (1 Month LIBOR USD + 4.00%, 1.000% Floor), 05/01/2025 (a)
|
404,166
|
396,083
|
||||||
|
OIL & GAS - EXPLORATION & PRODUCTION - 0.21%
|
||||||||
|
Southwestern Energy Co., Senior Secured First Lien Term Loan 3.00% (1 Month LIBOR USD + 2.50%, 0.500% Floor), 06/08/2027 (a)
|
599,000
|
600,875
|
||||||
|
PACKAGING - 2.28%
|
||||||||
|
Ball Metalpack Finco, LLC, Senior Secured First Lien Term Loan 4.675% (3 Month LIBOR USD + 4.50%), 07/31/2025 (a)
|
726,187
|
728,002
|
||||||
|
LABL, Inc., Senior Secured First Lien Term Loan 5.50% (1 Month LIBOR USD + 5.00%, 0.500% Floor), 10/30/2028 (a)
|
838,000
|
838,087
|
||||||
|
Mauser Packaging Solutions Holding Co., Senior Secured First Lien Term Loan 3.354% (1 Month LIBOR USD + 3.25%), 04/03/2024 (a)
|
1,403,659
|
1,387,741
|
||||||
|
Plastipak Packaging, Inc., Senior Secured First Lien Term Loan 3.00% (1 Month LIBOR USD + 2.50%, 0.500% Floor), 12/01/2028 (a)
|
513,000
|
512,518
|
||||||
|
Pregis Topco, LLC
|
||||||||
|
Senior Secured First Lien Term Loan 4.104% (1 Month LIBOR USD + 4.00%), 07/31/2026 (a)
|
534,100
|
533,211
|
||||||
|
Senior Secured First Lien Term Loan 4.50% (1 Month LIBOR USD + 4.00%, 0.500% Floor), 07/31/2026 (a)
|
548,625
|
546,568
|
||||||
|
RLG Holdings, LLC
|
||||||||
|
Senior Secured First Lien Delayed-Draw Term Loan 5.00% (3 Month LIBOR USD + 4.25%, 0.750% Floor), 07/07/2028 (a)
|
118,788
|
118,751
|
||||||
|
Senior Secured First Lien Term Loan 5.00% (3 Month LIBOR USD + 4.25%, 0.750% Floor), 07/07/2028 (a)
|
469,212
|
469,067
|
||||||
|
Sabert Corp., Senior Secured First Lien Term Loan 5.50% (1 Month LIBOR USD + 4.50%, 1.000% Floor), 12/10/2026 (a)
|
532,635
|
533,303
|
||||||
|
Trident TPI Holdings, Inc.
|
||||||||
|
Senior Secured First Lien Delayed-Draw Term Loan 4.50% (3 Month LIBOR USD + 4.00%, 0.500% Floor), 09/15/2028 (a)(i)
|
115,536
|
115,626
|
||||||
|
Senior Secured First Lien Term Loan 4.50% (3 Month LIBOR USD + 4.00%, 0.500% Floor), 09/15/2028 (a)
|
813,309
|
813,944
|
||||||
|
6,596,818
|
||||||||
|
RETAIL - FOOD & DRUG - 0.65%
|
||||||||
|
BJ's Wholesale Club, Inc., Senior Secured First Lien Term Loan 2.105% (1 Month LIBOR USD + 2.00%), 02/02/2024 (a)
|
1,371,660
|
1,373,518
|
||||||
|
JP Intermediate B, LLC, Senior Secured First Lien Term Loan 6.50% (3 Month LIBOR USD + 5.50%, 1.000% Floor), 11/20/2025 (a)
|
553,014
|
515,686
|
||||||
|
1,889,204
|
||||||||
|
RETAILING - 2.04%
|
||||||||
|
Autokiniton U.S. Holdings, Inc., Senior Secured First Lien Term Loan 5.00% (1 Month LIBOR USD + 4.50%, 0.500% Floor), 04/06/2028 (a)
|
669,635
|
671,500
|
||||||
|
Belron Finance U.S., LLC, Senior Secured First Lien Term Loan 3.25% (3 Month LIBOR USD + 2.75%, 0.500% Floor), 04/13/2028 (a)
|
511,138
|
511,713
|
||||||
|
Great Outdoors Group, LLC, Senior Secured First Lien Term Loan 4.50% (3 Month LIBOR USD + 3.75%, 0.750% Floor), 03/06/2028 (a)
|
1,161,292
|
1,164,073
|
||||||
|
Harbor Freight Tools U.S.A., Inc., Senior Secured First Lien Term Loan 3.25% (1 Month LIBOR USD + 2.75%, 0.500% Floor), 10/19/2027 (a)
|
722,700
|
722,111
|
||||||
|
Hoya Midco, LLC, Senior Secured First Lien Term Loan 4.50% (1 Month LIBOR USD + 3.50%, 1.000% Floor), 06/28/2024 (a)
|
645,067
|
646,144
|
||||||
|
Michaels Cos., Inc., Senior Secured First Lien Term Loan 5.00% (3 Month LIBOR USD + 4.25%, 0.750% Floor), 04/14/2028 (a)
|
589,040
|
584,728
|
||||||
|
Pug, LLC, Senior Secured First Lien Term Loan 3.604% (1 Month LIBOR USD + 3.50%), 02/12/2027 (a)
|
921,200
|
903,927
|
||||||
|
Restoration Hardware, Inc., Senior Secured First Lien Term Loan 3.00% (1 Month LIBOR USD + 2.50%, 0.500% Floor), 10/20/2028 (a)
|
603,488
|
603,035
|
||||||
|
Sally Holdings, LLC, Senior Secured First Lien Term Loan 2.36% (1 Month LIBOR USD + 2.25%), 07/05/2024 (a)
|
94,900
|
94,781
|
||||||
|
5,902,012
|
||||||||
|
TECHNOLOGY - SOFTWARE & SERVICES - 12.51%
|
||||||||
|
Access CIG, LLC,
|
||||||||
|
Senior Secured First Lien Term Loan 4.654% (1 Month LIBOR USD + 3.75%), 02/27/2025 (a)
|
1,922,029
|
1,912,591
|
||||||
|
Senior Secured Second Lien Term Loan 7.84% (1 Month LIBOR USD + 7.75%), 02/27/2026 (a)
|
315,000
|
315,197
|
||||||
|
Almonde, Inc., Senior Secured First Lien Term Loan 4.50% (6 Month LIBOR USD + 3.50%, 1.000% Floor), 06/13/2024 (a)
|
2,011,701
|
2,005,415
|
||||||
|
Avast Software B.V., Senior Secured First Lien Term Loan 2.224% (3 Month LIBOR USD + 2.00%), 03/22/2028 (a)
|
323,400
|
323,172
|
||||||
|
Barracuda Networks, Inc., Senior Secured First Lien Term Loan 4.50% (3 Month LIBOR USD + 3.75%, 0.750% Floor), 02/12/2025 (a)
|
2,009,511
|
2,018,304
|
||||||
|
Boxer Parent Co., Inc., Senior Secured First Lien Term Loan 3.882% (3 Month LIBOR USD + 3.75%), 10/02/2025 (a)
|
799,429
|
795,432
|
||||||
|
CCC Information Services, Inc., Senior Secured First Lien Term Loan 3.00% (3 Month LIBOR USD + 2.50%, 0.500% Floor), 09/21/2028 (a)
|
626,000
|
626,294
|
||||||
|
CommerceHub, Inc., Senior Secured First Lien Term Loan 4.75% (3 Month LIBOR USD + 4.00%, 0.750% Floor), 12/29/2027 (a)
|
670,230
|
664,365
|
||||||
|
Connectwise, LLC, Senior Secured First Lien Term Loan 4.00% (6 Month LIBOR USD + 3.50%, 0.500% Floor), 09/29/2028 (a)
|
921,000
|
920,015
|
||||||
|
Dawn Acquisition, LLC, Senior Secured First Lien Term Loan 3.882% (3 Month LIBOR USD + 3.75%), 12/31/2025 (a)
|
488,787
|
414,017
|
||||||
|
DCert Buyer, Inc., Senior Secured First Lien Term Loan 4.104% (1 Month LIBOR USD + 4.00%), 10/16/2026 (a)
|
1,052,871
|
1,052,213
|
||||||
|
Dynatrace, LLC, Senior Secured First Lien Term Loan 2.354% (1 Month LIBOR USD + 2.25%), 08/22/2025 (a)
|
370,726
|
369,992
|
||||||
|
E2Open, LLC, Senior Secured First Lien Term Loan 4.00% (3 Month LIBOR USD + 3.50%, 0.500% Floor), 02/04/2028 (a)
|
821,339
|
823,392
|
||||||
|
EagleView Technology Corp., Senior Secured First Lien Term Loan 3.724% (3 Month LIBOR USD + 3.50%), 08/14/2025 (a)
|
863,300
|
849,720
|
||||||
|
Ensono, L.P., Senior Secured First Lien Term Loan 4.75% (1 Month LIBOR USD + 4.00%, 0.750% Floor), 05/19/2028 (a)
|
780,424
|
780,830
|
||||||
|
Go Daddy Operating Co., LLC, Senior Secured First Lien Term Loan 2.104% (1 Month LIBOR USD + 2.00%), 08/10/2027 (a)
|
632,545
|
628,146
|
||||||
|
Hyland Software, Inc., Senior Secured First Lien Term Loan 4.25% (1 Month LIBOR USD + 3.50%, 0.750% Floor), 07/01/2024 (a)
|
1,430,127
|
1,437,278
|
||||||
|
Informatica, LLC, Senior Secured First Lien Term Loan 2.875% (1 Month LIBOR USD + 2.75%), 10/27/2028 (a)
|
574,000
|
572,924
|
||||||
|
Intrado Corp.
|
||||||||
|
Senior Secured First Lien Term Loan 4.50% (3 Month LIBOR USD + 3.50%, 1.000% Floor), 10/10/2024 (a)
|
231,144
|
218,446
|
||||||
|
Senior Secured First Lien Term Loan 5.00% (3 Month LIBOR USD + 4.00%, 1.000% Floor), 10/10/2024 (a)
|
731,106
|
695,823
|
||||||
|
Mitchell International, Inc., Senior Secured First Lien Term Loan 4.25% (1 Month LIBOR USD + 3.75%, 0.500% Floor), 10/16/2028 (a)
|
2,015,000
|
2,006,185
|
||||||
|
Moneygram International, Inc., Senior Secured First Lien Term Loan 5.00% (3 Month LIBOR USD + 4.50%, 0.500% Floor), 07/21/2026 (a)
|
618,240
|
619,208
|
||||||
|
NAB Holdings, LLC, Senior Secured First Lien Term Loan 3.50% (3 Month SOFR + 3.00%, 0.500% Floor), 11/24/2028 (a)
|
1,071,000
|
1,067,059
|
||||||
|
N-Able, Inc., Senior Secured First Lien Term Loan 3.50% (3 Month LIBOR USD + 3.00%, 0.500% Floor), 07/19/2028 (a)
|
511,718
|
510,441
|
||||||
|
Optiv Security, Inc., Senior Secured First Lien Term Loan 4.25% (1 Month LIBOR USD + 3.25%, 1.000% Floor), 02/01/2024 (a)
|
723,039
|
717,037
|
||||||
|
Presidio Holdings, Inc.
|
||||||||
|
Senior Secured First Lien Term Loan 3.60% (1 Month LIBOR USD + 3.50%), 01/22/2027 (a)
|
741
|
742
|
||||||
|
Senior Secured First Lien Term Loan 3.61% (1 Month LIBOR USD + 3.50%), 01/22/2027 (a)
|
35,568
|
35,601
|
||||||
|
Senior Secured First Lien Term Loan 3.63% (3 Month LIBOR USD + 3.50%), 01/22/2027 (a)
|
693,576
|
694,228
|
||||||
|
Project Alpha Intermediate Holding, Inc., Senior Secured First Lien Term Loan 4.11% (1 Month LIBOR USD + 4.00%), 04/26/2024 (a)
|
1,290,861
|
1,294,495
|
||||||
|
Rackspace Technology Global, Inc., Senior Secured First Lien Term Loan 3.50% (3 Month LIBOR USD + 2.75%, 0.750% Floor), 02/15/2028 (a)
|
731,562
|
727,060
|
||||||
|
RealPage, Inc., Senior Secured First Lien Term Loan 3.75% (1 Month LIBOR USD + 3.25%, 0.500% Floor), 04/24/2028 (a)
|
607,547
|
606,505
|
||||||
|
Rocket Software, Inc.
|
||||||||
|
Senior Secured First Lien Term Loan 4.354% (1 Month LIBOR USD + 4.25%), 11/28/2025 (a)
|
794,640
|
791,413
|
||||||
|
Senior Secured First Lien Term Loan 4.75% (1 Month LIBOR USD + 4.25%, 0.500% Floor), 11/28/2025 (a)
|
218,735
|
218,762
|
||||||
|
Sabre GLBL, Inc.
|
||||||||
|
Senior Secured First Lien Term Loan 4.00% (1 Month LIBOR USD + 3.50%, 0.500% Floor), 12/17/2027 (a)
|
186,031
|
183,938
|
||||||
|
Senior Secured First Lien Term Loan 4.00% (1 Month LIBOR USD + 3.50%, 0.500% Floor), 12/17/2027 (a)
|
296,544
|
293,208
|
||||||
|
SolarWinds Holdings, Inc., Senior Secured First Lien Term Loan 2.854% (1 Month LIBOR USD + 2.75%), 02/05/2024 (a)
|
772,398
|
762,917
|
||||||
|
TIBCO Software, Inc.
|
||||||||
|
Senior Secured First Lien Term Loan 3.85% (1 Month LIBOR USD + 3.75%), 06/30/2026 (a)
|
1,888,261
|
1,876,459
|
||||||
|
Senior Secured Second Lien Term Loan 7.35% (1 Month LIBOR USD + 7.25%), 03/03/2028 (a)
|
263,000
|
264,369
|
||||||
|
TierPoint, LLC, Senior Secured First Lien Term Loan 4.50% (1 Month LIBOR USD + 3.75%, 0.750% Floor), 05/05/2026 (a)
|
438,282
|
439,012
|
||||||
|
UKG, Inc.
|
||||||||
|
Senior Secured First Lien Term Loan 3.75% (1 Month LIBOR USD + 3.25%, 0.500% Floor), 05/04/2026 (a)
|
984,584
|
981,094
|
||||||
|
Senior Secured First Lien Term Loan 3.854% (1 Month LIBOR USD + 3.75%), 05/04/2026 (a)
|
732,148
|
730,939
|
||||||
|
VM Consolidated, Inc., Senior Secured First Lien Term Loan 3.417% (3 Month LIBOR USD + 3.25%), 03/24/2028 (a)
|
1,295,775
|
1,294,156
|
||||||
|
VS Buyer, LLC, Senior Secured First Lien Term Loan 3.104% (1 Month LIBOR USD + 3.00%), 02/26/2027 (a)
|
925,515
|
923,201
|
||||||
|
WEX, Inc., Senior Secured First Lien Term Loan 2.354% (1 Month LIBOR USD + 2.25%), 03/31/2028 (a)
|
711,623
|
708,804
|
||||||
|
Zelis Cost Management Buyer, Inc., Senior Secured First Lien Term Loan 3.599% (1 Month LIBOR USD + 3.50%), 09/30/2026 (a)
|
994,975
|
989,721
|
||||||
|
36,160,120
|
||||||||
|
TECHNOLOGY HARDWARE - 1.35%
|
||||||||
|
Avaya, Inc., Senior Secured First Lien Term Loan 4.11% (1 Month LIBOR USD + 4.00%), 12/15/2027 (a)
|
375,000
|
375,306
|
||||||
|
II-VI, Inc., Senior Secured First Lien Term Loan 2.75% (LIBOR USD + 0.00%, 0.000% Floor), 12/01/2028 (a)(g)
|
941,000
|
941,197
|
||||||
|
Ingram Micro, Inc., Senior Secured First Lien Term Loan 4.00% (3 Month LIBOR USD + 3.50%, 0.500% Floor), 06/30/2028 (a)
|
537,300
|
538,173
|
||||||
|
MaxLinear, Inc., Senior Secured First Lien Term Loan 2.75% (1 Month LIBOR USD + 2.25%, 0.500% Floor), 06/23/2028 (a)
|
411,857
|
410,700
|
||||||
|
MKS Instruments, Inc., Senior Secured First Lien Term Loan 2.75% (Month LIBOR USD + 0.00%, 0.000% Floor), 12/31/2028 (a)
|
867,000
|
866,241
|
||||||
|
MLN U.S. HoldCo, LLC, Senior Secured First Lien Term Loan 4.603% (1 Month LIBOR USD + 4.50%), 11/28/2025 (a)
|
787,471
|
762,954
|
||||||
|
3,894,571
|
||||||||
|
TELECOMMUNICATION SERVICES - DIVERSIFIED - 3.83%
|
||||||||
|
Cablevision Lightpath, LLC, Senior Secured First Lien Term Loan 3.75% (1 Month LIBOR USD + 3.25%, 0.500% Floor), 11/30/2027 (a)
|
910,800
|
910,686
|
||||||
|
Cincinnati Bell, Inc., Senior Secured First Lien Term Loan 3.75% (1 Month SOFR + 3.25%, 0.500% Floor), 11/22/2028 (a)
|
580,000
|
580,653
|
||||||
|
Consolidated Communications, Inc., Senior Secured First Lien Term Loan 4.25% (1 Month LIBOR USD + 3.50%, 0.750% Floor), 10/04/2027 (a)
|
933,868
|
933,724
|
||||||
|
Eagle Broadband Investments, LLC, Senior Secured First Lien Term Loan 3.75% (3 Month LIBOR USD + 3.00%, 0.750% Floor), 11/12/2027 (a)
|
622,226
|
622,487
|
||||||
|
Lumen Technologies, Inc., Senior Secured First Lien Term Loan 2.34% (1 Month LIBOR USD + 2.25%), 03/15/2027 (a)
|
3,593,188
|
3,557,004
|
||||||
|
Northwest Fiber, LLC, Senior Secured First Lien Term Loan 3.855% (1 Month LIBOR USD + 3.75%), 04/30/2027 (a)
|
393,610
|
392,872
|
||||||
|
Numericable U.S., LLC, Senior Secured First Lien Term Loan 4.118% (2 Month LIBOR USD + 4.00%), 08/14/2026 (a)
|
558,043
|
556,090
|
||||||
|
Voyage U.S., LLC, Senior Secured First Lien Term Loan 4.00% (3 Month LIBOR USD + 3.50%, 0.500% Floor), 07/20/2028 (a)
|
479,798
|
480,697
|
||||||
|
Zayo Group Holdings, Inc., Senior Secured First Lien Term Loan 3.09% (1 Month LIBOR USD + 3.00%), 03/09/2027 (a)
|
2,227,466
|
2,201,249
|
||||||
|
Ziggo Financing Partnership, Senior Secured First Lien Term Loan 2.61% (1 Month LIBOR USD + 2.50%), 04/28/2028 (a)
|
845,000
|
837,078
|
||||||
|
11,072,540
|
||||||||
|
TELECOMMUNICATION SERVICES - WIRELESS - 0.19%
|
||||||||
|
CCI Buyer, Inc., Senior Secured First Lien Term Loan 4.50% (3 Month LIBOR USD + 3.75%, 0.750% Floor), 12/17/2027 (a)
|
540,913
|
542,167
|
||||||
|
TRANSPORTATION - 2.05%
|
||||||||
|
Atlas CC Acquisition Corp.
|
||||||||
|
Senior Secured First Lien Term Loan 5.00% (3 Month LIBOR USD + 4.25%, 0.750% Floor), 05/25/2028 (a)
|
778,875
|
781,613
|
||||||
|
Senior Secured First Lien Term Loan 5.00% (3 Month LIBOR USD + 4.25%, 0.750% Floor), 05/25/2028 (a)
|
158,415
|
158,972
|
||||||
|
Brown Group Holding, LLC, Senior Secured First Lien Term Loan 3.00% (3 Month LIBOR USD + 2.50%, 0.500% Floor), 06/07/2028 (a)
|
465,941
|
465,650
|
||||||
|
Hertz Corp.
|
||||||||
|
Senior Secured First Lien Term Loan 3.75% (1 Month LIBOR USD + 3.25%, 0.500% Floor), 06/30/2028 (a)
|
385,120
|
385,950
|
||||||
|
Senior Secured First Lien Term Loan 3.75% (1 Month LIBOR USD + 3.25%, 0.500% Floor), 06/30/2028 (a)
|
72,945
|
73,102
|
||||||
|
Kenan Advantage Group, Inc., Senior Secured First Lien Term Loan 4.50% (1 Month LIBOR USD + 3.75%, 0.750% Floor), 03/24/2026 (a)
|
623,009
|
622,186
|
||||||
|
Lasership, Inc., Senior Secured First Lien Term Loan 5.25% (3 Month LIBOR USD + 4.50%, 0.750% Floor), 05/08/2028 (a)
|
630,420
|
631,898
|
||||||
|
PODS, LLC, Senior Secured First Lien Term Loan 3.75% (1 Month LIBOR USD + 3.00%, 0.750% Floor), 03/31/2028 (a)
|
983,580
|
981,460
|
||||||
|
Uber Technologies, Inc.
|
||||||||
|
Senior Secured First Lien Term Loan 3.604% (1 Month LIBOR USD + 3.50%), 04/04/2025 (a)
|
905,704
|
907,339
|
||||||
|
Senior Secured First Lien Term Loan 3.604% (1 Month LIBOR USD + 3.50%), 02/25/2027 (a)
|
335,308
|
335,853
|
||||||
|
WWEX UNI TopCo Holdings, LLC, Senior Secured First Lien Term Loan 5.00% (3 Month LIBOR USD + 4.25%, 0.750% Floor), 07/26/2028 (a)
|
573,000
|
575,266
|
||||||
|
5,919,289
|
||||||||
|
UTILITIES - POWER - 0.64%
|
||||||||
|
Calpine Construction Finance Co., L.P., Senior Secured First Lien Term Loan 2.104% (1 Month LIBOR USD + 2.00%), 01/15/2025 (a)
|
842,003
|
836,392
|
||||||
|
Calpine Corp., Senior Secured First Lien Term Loan 2.61% (1 Month LIBOR USD + 2.50%), 12/16/2027 (a)
|
376,200
|
374,240
|
||||||
|
Eastern Power, LLC, Senior Secured First Lien Term Loan 4.75% (3 Month LIBOR USD + 3.75%, 1.000% Floor), 10/02/2025 (a)
|
207,977
|
162,635
|
||||||
|
Lightstone Holdco, LLC
|
||||||||
|
Senior Secured First Lien Term Loan 4.75% (3 Month LIBOR USD + 3.75%, 1.000% Floor), 01/30/2024 (a)
|
484,942
|
412,036
|
||||||
|
Senior Secured First Lien Term Loan 4.75% (3 Month LIBOR USD + 3.75%, 1.000% Floor), 01/30/2024 (a)
|
27,351
|
23,239
|
||||||
|
New Frontera Holdings, LLC, Senior Secured Second Lien Term Loan 2.50% (3 Month LIBOR USD + 1.50%, 1.000% Floor), 07/28/2028 (a)
|
57,484
|
32,622
|
||||||
|
1,841,164
|
||||||||
|
TOTAL BANK LOANS (Cost $251,595,235)
|
251,447,100
|
|||||||
|
CORPORATE BONDS - 8.70% (e)
|
||||||||
|
BUILDING PRODUCTS - 0.20%
|
||||||||
|
Standard Industries, Inc. 3.375%, 01/15/2031 (f)
|
600,000
|
579,000
|
||||||
|
COMMERCIAL SERVICES - 0.47%
|
||||||||
|
Garda World Security Corp. 4.625%, 02/15/2027 (c)(f)
|
710,000
|
707,260
|
||||||
|
Tempo Acquisition, LLC / Tempo Acquisition Finance Corp. 5.75%, 06/01/2025 (f)
|
625,000
|
649,072
|
||||||
|
1,356,332
|
||||||||
|
CONSTRUCTION & ENGINEERING - 0.22%
|
||||||||
|
Pike Corp. 5.50%, 09/01/2028 (f)
|
638,000
|
640,361
|
||||||
|
ENVIRONMENTAL SERVICES - 0.29%
|
||||||||
|
GFL Environmental, Inc. 4.00%, 08/01/2028 (c)(f)
|
541,000
|
531,097
|
||||||
|
Stericycle, Inc. 5.375%, 07/15/2024 (f)
|
295,000
|
301,205
|
||||||
|
832,302
|
||||||||
|
HEALTHCARE - EQUIPMENT & SUPPLIES - 0.18%
|
||||||||
|
Change Healthcare Holdings, LLC / Change Healthcare Finance, Inc. 5.75%, 03/01/2025 (f)
|
515,000
|
520,042
|
||||||
|
HEALTHCARE - FACILITIES - 0.58%
|
||||||||
|
DaVita, Inc. 3.75%, 02/15/2031 (f)
|
500,000
|
487,155
|
||||||
|
Legacy LifePoint Health, LLC 4.375%, 02/15/2027 (f)
|
370,000
|
373,171
|
||||||
|
Tenet Healthcare Corp.
|
||||||||
|
7.50%, 04/01/2025 (f)
|
189,000
|
199,140
|
||||||
|
4.625%, 06/15/2028 (f)
|
600,000
|
617,367
|
||||||
|
1,676,833
|
||||||||
|
HEALTHCARE - LIFE SCIENCES - 0.27%
|
||||||||
|
Avantor Funding, Inc. 4.625%, 07/15/2028 (f)
|
740,000
|
772,682
|
||||||
|
HEALTHCARE - PHARMACEUTICALS & BIOTECHNOLOGY - 0.42%
|
||||||||
|
Bausch Health Cos., Inc.
|
||||||||
|
6.125%, 04/15/2025 (c)(f)
|
410,000
|
418,713
|
||||||
|
5.50%, 11/01/2025 (c)(f)
|
775,000
|
788,574
|
||||||
|
1,207,287
|
||||||||
|
HEALTHCARE - REITs - 0.18%
|
||||||||
|
MPT Operating Partnership, L.P. / MPT Finance Corp. 3.50%, 03/15/2031
|
505,000
|
511,459
|
||||||
|
INDUSTRIAL MACHINERY - 0.18%
|
||||||||
|
WESCO Distribution, Inc. 7.125%, 06/15/2025 (f)
|
490,000
|
520,025
|
||||||
|
LEISURE - CASINOS & GAMING - 1.11%
|
||||||||
|
Caesars Entertainment, Inc. 6.25%, 07/01/2025 (f)
|
885,000
|
930,047
|
||||||
|
Premier Entertainment Sub, LLC / Premier Entertainment Finance Corp.
|
||||||||
|
5.625%, 09/01/2029 (f)
|
561,000
|
557,407
|
||||||
|
5.875%, 09/01/2031 (f)
|
562,000
|
564,810
|
||||||
|
VICI Properties, L.P. / VICI Note Co., Inc. 3.50%, 02/15/2025 (f)
|
1,145,000
|
1,163,383
|
||||||
|
3,215,647
|
||||||||
|
LEISURE - RESTAURANTS - 0.29%
|
||||||||
|
CEC Entertainment, LLC 6.75%, 05/01/2026 (f)
|
850,000
|
833,884
|
||||||
|
MEDIA - CABLE & SATELLITE - 1.72%
|
||||||||
|
Block Communications, Inc. 4.875%, 03/01/2028 (f)
|
960,000
|
961,445
|
||||||
|
DISH DBS Corp.
|
||||||||
|
5.875%, 07/15/2022
|
1,450,000
|
1,475,410
|
||||||
|
5.125%, 06/01/2029
|
575,000
|
524,182
|
||||||
|
Hughes Satellite Systems Corp.
|
||||||||
|
5.25%, 08/01/2026
|
1,150,000
|
1,259,002
|
||||||
|
6.625%, 08/01/2026
|
675,000
|
756,169
|
||||||
|
4,976,208
|
||||||||
|
MEDIA - DIVERSIFIED - 0.16%
|
||||||||
|
Match Group Holdings II, LLC 4.625%, 06/01/2028 (f)
|
438,000
|
456,525
|
||||||
|
METALS & MINING - 0.09%
|
||||||||
|
GrafTech Finance, Inc. 4.625%, 12/15/2028 (f)
|
255,000
|
259,280
|
||||||
|
RETAIL - FOOD & DRUG - 0.17%
|
||||||||
|
U.S. Foods, Inc. 6.25%, 04/15/2025 (f)
|
465,000
|
484,683
|
||||||
|
RETAILING - 0.39%
|
||||||||
|
QVC, Inc.
|
||||||||
|
4.85%, 04/01/2024
|
730,000
|
779,998
|
||||||
|
4.75%, 02/15/2027
|
350,000
|
360,024
|
||||||
|
1,140,022
|
||||||||
|
TECHNOLOGY - SOFTWARE & SERVICES - 0.93%
|
||||||||
|
Boxer Parent Co., Inc. 7.125%, 10/02/2025 (f)
|
385,000
|
404,190
|
||||||
|
Elastic N.V. 4.125%, 07/15/2029 (c)(f)
|
844,000
|
836,416
|
||||||
|
NortonLifeLock, Inc. 5.00%, 04/15/2025 (f)
|
750,000
|
756,563
|
||||||
|
Rackspace Technology Global, Inc. 3.50%, 02/15/2028 (f)
|
735,000
|
700,812
|
||||||
|
2,697,981
|
||||||||
|
TECHNOLOGY HARDWARE - 0.28%
|
||||||||
|
Dell International, LLC / EMC Corp. 5.85%, 07/15/2025
|
220,000
|
249,666
|
||||||
|
Diebold Nixdorf, Inc. 9.375%, 07/15/2025 (f)
|
530,000
|
571,253
|
||||||
|
820,919
|
||||||||
|
TELECOMMUNICATION SERVICES - DIVERSIFIED - 0.57%
|
||||||||
|
Frontier Communications Holdings, LLC 5.00%, 05/01/2028 (f)
|
1,000,000
|
1,031,810
|
||||||
|
Northwest Fiber, LLC / Northwest Fiber Finance Sub, Inc. 6.00%, 02/15/2028 (f)
|
622,000
|
610,555
|
||||||
|
1,642,365
|
||||||||
|
TOTAL CORPORATE BONDS (Cost $24,529,268)
|
25,143,837
|
|||||||
|
Shares
|
||||||||
|
EQUITIES - 0.03%
|
||||||||
|
MEDIA - BROADCASTING - 0.03%
|
||||||||
|
Cumulus Media, Inc. (b)
|
8,437
|
94,916
|
||||||
|
UTILITIES - POWER - 0.00%
|
||||||||
|
Frontera Generation Holdings, LLC (b)(h)
|
479
|
1,048
|
||||||
|
TOTAL EQUITIES (Cost $143,738)
|
95,964
|
|||||||
|
WARRANT - 0.01%
|
||||||||
|
MEDIA - ENTERTAINMENT - 0.01%
|
||||||||
|
Crown Finance U.S., Inc. (b)
|
98,930
|
39,572
|
||||||
|
TOTAL WARRANT (Cost $30,928)
|
39,572
|
|||||||
|
MONEY MARKET FUND - 5.40%
|
||||||||
|
First American Government Obligations Fund - Class X, 0.03% (d)
|
15,594,695
|
15,594,695
|
||||||
|
TOTAL MONEY MARKET FUND (Cost $15,594,695)
|
15,594,695
|
|||||||
|
Total Investments (Cost $291,893,864) - 101.14%
|
292,321,168
|
|||||||
|
Liabilities in Excess of Other Assets - (1.14%)
|
(3,302,151
|
)
|
||||||
|
TOTAL NET ASSETS - 100.00%
|
$
|
289,019,017
|
||||||
|
Percentages are stated as a percent of net assets.
|
|
LIBOR
|
London Interbank Offered Rate
|
||||
|
REIT
|
Real Estate Investment Trust
|
||||
|
SOFR
|
Secured Overnight Funding Rate
|
||||
|
(a)
|
Variable rate securities. The coupon rate shown is the effective interest rate as of December 31, 2021.
|
||||
|
(b)
|
Non-income producing security.
|
||||
|
(c)
|
U.S. traded security of a foreign issuer.
|
||||
|
(d)
|
Rate shown is the 7-day annualized yield as of December 31, 2021.
|
||||
|
(e)
|
All or a portion is posted as collateral for delayed settlement securities.
|
||||
|
(f)
|
Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended, and may be sold only to dealers
|
||||
|
in the program or other "qualified institutional buyers." As of December 31, 2021, the value of these investments was
|
|||||
|
$19,227,926 or 6.65% of total net assets.
|
|||||
|
(g)
|
Final terms of the bank loan are not yet known, so reference index and spread information may not be presented.
|
||||
|
(h)
|
Value determined using significant unobservable inputs.
|
||||
|
(i)
|
All or a portion of the loan is unfunded.
|
|
The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI,
|
||||
|
Inc. and Standard & Poor's Financial Services LLC (“S&P”). GICS is a service mark of MSCI and S&P and has
|
||||
|
been licensed for use by Shenkman Capital Management, Inc. Industries presented are at the discretion
|
||||
|
of Shenkman Capital Management, Inc. and therefore may not follow the exact naming convention prescribed by GICS.
|
|
Shenkman Capital Floating Rate High Income Fund
|
|||||||||
|
Summary of Fair Value Disclosure at December 31, 2021 (Unaudited)
|
|||||||||
|
The Fund utilizes various methods to measure the fair value of its investments on a recurring basis. Accounting
|
|||||||||
|
principles generally accepted in the United States of America ("U.S. GAAP") establish a hierarchy that prioritizes
|
|||||||||
|
inputs to valuation methods. The three levels of inputs are:
|
|||||||||
|
Level 1 –
|
Unadjusted quoted prices in active markets for identical assets or liabilities that the
|
||||||||
|
Fund has the ability to access.
|
|||||||||
|
Level 2 –
|
Observable inputs other than quoted prices included in Level 1 that are observable for
|
||||||||
|
the asset or liability, either directly or indirectly. These inputs may include quoted prices
|
|||||||||
|
for the identical instrument on an inactive market, prices for similar instruments, interest
|
|||||||||
|
rates, prepayment speeds, credit risk, yield curves, default rates and similar data.
|
|||||||||
|
Level 3 –
|
Unobservable inputs for the asset or liability, to the extent relevant observable inputs
|
||||||||
|
are not available, representing the Fund's own assumptions about the assumptions a market
|
|||||||||
|
participant would use in valuing the asset or liability, and would be based on the best
|
|||||||||
|
information available.
|
|||||||||
|
The following is a summary of the inputs used to value the Fund's investments as of December 31, 2021:
|
|||||||||
|
Shenkman Capital Floating Rate High Income Fund
|
||||||||||||||||
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|||||||||||||
|
Fixed Income
|
||||||||||||||||
|
Bank Loans
|
$
|
-
|
$
|
251,447,100
|
$
|
-
|
$
|
251,447,100
|
||||||||
|
Corporate Bonds
|
-
|
25,143,837
|
-
|
25,143,837
|
||||||||||||
|
Total Fixed Income
|
-
|
276,590,937
|
-
|
276,590,937
|
||||||||||||
|
Equities
|
||||||||||||||||
|
Electric Power Generation
|
-
|
-
|
1,048
|
1,048
|
||||||||||||
|
Information
|
94,916
|
-
|
-
|
94,916
|
||||||||||||
|
Total Equities
|
94,916
|
-
|
1,048
|
95,964
|
||||||||||||
|
Warrant
|
-
|
39,572
|
-
|
39,572
|
||||||||||||
|
Money Market Fund
|
15,594,695
|
-
|
-
|
15,594,695
|
||||||||||||
|
Total Investments
|
$
|
15,689,611
|
$
|
276,630,509
|
$
|
1,048
|
$
|
292,321,168
|
||||||||
|
Refer to the Fund's schedule of investments for a detailed break-out of holdings by industry classification.
|
|||||||||
|
Shenkman Capital Floating Rate High Income Fund
|
||||
|
Level 3 Reconciliation Disclosure
|
||||
|
Equities
|
||||
|
Balance as of September 30, 2021
|
$
|
1,048
|
||
|
Change in unrealized appreciation/(depreciation)
|
-
|
|||
|
Balance as of December 31, 2021
|
$
|
1,048
|
||
|
Change in unrealized appreciation/(depreciation) during the period for
|
||||
|
Level 3 investments held at December 31, 2021
|
$
|
-
|
||
|
The Level 3 investments as of December 31, 2021 represented 0.00% of net assets and did not warrant a disclosure of significant unobservable valuation inputs.
|