|
Shenkman Capital Floating Rate High Income Fund
|
||||||||
|
Schedule of Investments
|
||||||||
|
June 30, 2020 (Unaudited)
|
||||||||
|
Principal
|
Fair
|
|||||||
|
Amount
|
Value
|
|||||||
|
BANK LOANS - 85.19%
|
||||||||
|
AEROSPACE & DEFENSE - 0.52%
|
||||||||
|
Transdigm, Inc.
|
||||||||
|
Senior Secured First Lien Term Loan 2.428% (1 Month LIBOR USD + 2.25%), 08/22/2024 (a)
|
$
|
537,209
|
$
|
488,452
|
||||
|
Senior Secured First Lien Term Loan 2.428% (1 Month LIBOR USD + 2.25%), 12/09/2025 (a)
|
698,925
|
632,712
|
||||||
|
1,121,164
|
||||||||
|
AUTO RETAIL - 0.30%
|
||||||||
|
CWGS Group, LLC, Senior Secured First Lien Term Loan 4.123% (3 Month LIBOR USD + 2.75%, 0.750% Floor), 11/08/2023 (a)
|
717,655
|
652,618
|
||||||
|
AUTOMOTIVE - 0.90%
|
||||||||
|
Adient U.S., LLC
|
||||||||
|
Senior Secured First Lien Term Loan 4.178% (1 Month LIBOR USD + 4.00%), 05/06/2024 (a)
|
540,200
|
521,293
|
||||||
|
Senior Secured First Lien Term Loan 4.474% (3 Month LIBOR USD + 4.00%), 05/06/2024 (a)
|
182,500
|
176,112
|
||||||
|
Clarios Global, L.P., Senior Secured First Lien Term Loan 3.678% (1 Month LIBOR USD + 3.50%), 04/30/2026 (a)
|
754,479
|
721,470
|
||||||
|
LTI Holdings, Inc., Senior Secured First Lien Term Loan 3.678% (1 Month LIBOR USD + 3.50%), 09/08/2025 (a)
|
618,975
|
529,332
|
||||||
|
1,948,207
|
||||||||
|
BUILDING PRODUCTS - 3.03%
|
||||||||
|
ASP Unifrax Holdings, Inc., Senior Secured First Lien Term Loan 4.822% (6 Month LIBOR USD + 3.75%), 12/12/2025 (a)
|
881,575
|
740,356
|
||||||
|
CPG International, Inc., Senior Secured First Lien Term Loan 4.75% (6 Month LIBOR USD + 3.75%, 1.000% Floor), 05/03/2024 (a)
|
421,519
|
418,754
|
||||||
|
HD Supply Waterworks, Ltd.
|
||||||||
|
Senior Secured First Lien Term Loan 3.75% (1 Month LIBOR USD + 2.75%, 1.000% Floor), 08/01/2024 (a)
|
105,299
|
100,857
|
||||||
|
Senior Secured First Lien Term Loan 3.75% (3 Month LIBOR USD + 2.75%, 1.000% Floor), 08/01/2024 (a)
|
489,451
|
468,801
|
||||||
|
Henry Co., LLC, Senior Secured First Lien Term Loan 5.00% (1 Month LIBOR USD + 4.00%, 1.000% Floor), 10/05/2023 (a)
|
774,924
|
755,795
|
||||||
|
Pisces Midco, Inc., Senior Secured First Lien Term Loan 3.941% (1 Month LIBOR USD + 3.75%), 04/12/2025 (a)
|
941,353
|
899,876
|
||||||
|
QUIKRETE Holdings, Inc., Senior Secured First Lien Term Loan 2.674% (1 Month LIBOR USD + 2.50%), 02/01/2027 (a)
|
811,836
|
783,676
|
||||||
|
SiteOne Landscape Supply, Inc., Senior Secured First Lien Term Loan 3.75% (1 Month LIBOR USD + 2.75%, 1.000% Floor), 10/29/2024 (a)
|
387,565
|
380,298
|
||||||
|
SRS Distribution, Inc., Senior Secured First Lien Term Loan 4.322% (6 Month LIBOR USD + 3.25%), 05/23/2025 (a)
|
761,684
|
722,838
|
||||||
|
TricorBraun Holdings, Inc., Senior Secured First Lien Term Loan 4.75% (3 Month LIBOR USD + 3.75%, 1.000% Floor), 11/30/2023 (a)
|
737,011
|
711,400
|
||||||
|
VC GB Holdings, Inc., Senior Secured First Lien Term Loan 4.00% (1 Month LIBOR USD + 3.00%, 1.000% Floor), 02/28/2024 (a)
|
613,359
|
585,758
|
||||||
|
6,568,409
|
||||||||
|
CASINOS & GAMING - 3.16%
|
||||||||
|
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)
|
480,000
|
477,300
|
||||||
|
Caesars Resort Collection, LLC, Senior Secured First Lien Term Loan 2.928% (1 Month LIBOR USD + 2.75%), 12/23/2024 (a)
|
760,500
|
679,104
|
||||||
|
Golden Entertainment, Inc., Senior Secured First Lien Term Loan 3.75% (1 Month LIBOR USD + 3.00%, 0.750% Floor), 10/21/2024 (a)
|
591,775
|
540,734
|
||||||
|
Golden Nugget, Inc.
|
||||||||
|
Senior Secured First Lien Term Loan 3.25% (1 Month LIBOR USD + 2.50%, 0.750% Floor), 10/04/2023 (a)
|
211,195
|
169,484
|
||||||
|
Senior Secured First Lien Term Loan 3.25% (2 Month LIBOR USD + 2.50%, 0.750% Floor), 10/04/2023 (a)
|
248,930
|
199,766
|
||||||
|
GVC Holdings PLC, Senior Secured First Lien Term Loan 3.308% (6 Month LIBOR USD + 2.25%, 1.000% Floor), 03/29/2024 (a)
|
469,200
|
456,590
|
||||||
|
Playtika Holding Corp., Senior Secured First Lien Term Loan 7.072% (6 Month LIBOR USD + 6.00%, 1.000% Floor), 12/10/2024 (a)
|
1,303,073
|
1,305,114
|
||||||
|
Scientific Games International, Inc.
|
||||||||
|
Senior Secured First Lien Term Loan 2.928% (1 Month LIBOR USD + 2.75%), 08/14/2024 (a)
|
224,610
|
199,678
|
||||||
|
Senior Secured First Lien Term Loan 3.058% (3 Month LIBOR USD + 2.75%), 08/14/2024 (a)
|
2,930
|
2,605
|
||||||
|
Senior Secured First Lien Term Loan 3.612% (6 Month LIBOR USD + 2.75%), 08/14/2024 (a)
|
918,151
|
816,236
|
||||||
|
Stars Group Holdings B.V., Senior Secured First Lien Term Loan 3.808% (3 Month LIBOR USD + 3.50%), 07/10/2025 (a)
|
1,256,122
|
1,251,637
|
||||||
|
Station Casinos, LLC, Senior Secured First Lien Term Loan 2.50% (1 Month LIBOR USD + 2.25%, 0.250% Floor), 02/08/2027 (a)
|
839,489
|
769,181
|
||||||
|
6,867,429
|
||||||||
|
CHEMICALS - 3.40%
|
||||||||
|
Allnex S.A.R.L., Senior Secured First Lien Term Loan 4.00% (3 Month LIBOR USD + 3.25%, 0.750% Floor), 09/13/2023 (a)
|
677,281
|
642,401
|
||||||
|
Allnex U.S.A., Inc., Senior Secured First Lien Term Loan 4.00% (3 Month LIBOR USD + 3.25%, 0.750% Floor), 09/13/2023 (a)
|
510,279
|
483,999
|
||||||
|
Colouroz Midco
|
||||||||
|
Senior Secured First Lien Term Loan 4.02% (3 Month LIBOR USD + 3.00%, 1.000% Floor), 09/07/2021 (a)
|
868,784
|
756,251
|
||||||
|
Senior Secured First Lien Term Loan 4.02% (3 Month LIBOR USD + 3.00%, 1.000% Floor), 09/07/2021 (a)
|
143,620
|
125,017
|
||||||
|
Consolidated Energy Finance S.A., Senior Secured First Lien Term Loan 2.694% (1 Month LIBOR USD + 2.50%), 05/07/2025 (a)
|
494,888
|
452,822
|
||||||
|
H.B. Fuller Co., Senior Secured First Lien Term Loan 2.19% (1 Month LIBOR USD + 2.00%), 10/21/2024 (a)
|
541,315
|
524,586
|
||||||
|
PMHC II, Inc., Senior Secured First Lien Term Loan 4.50% (3 Month LIBOR USD + 3.50%, 1.000% Floor), 03/31/2025 (a)
|
469,200
|
406,327
|
||||||
|
Polar U.S. Borrower, LLC
|
||||||||
|
Senior Secured First Lien Term Loan 4.925% (1 Month LIBOR USD + 4.75%), 10/15/2025 (a)
|
738,432
|
697,806
|
||||||
|
Senior Secured First Lien Term Loan 4.928% (1 Month LIBOR USD + 4.75%), 10/15/2025 (a)
|
11,114
|
10,516
|
||||||
|
PQ Corp., Senior Secured First Lien Term Loan 3.35% ( LIBOR USD + 0.00%), 02/08/2027 (a)(h)
|
435,000
|
421,134
|
||||||
|
Road Infrastructure Investment, LLC (Ennis-Flint), Senior Secured First Lien Term Loan 4.50% (3 Month LIBOR USD + 3.50%, 1.000% Floor), 06/13/2023
(a)
|
782,800
|
691,996
|
||||||
|
Solenis International, L.P.
|
||||||||
|
Senior Secured First Lien Term Loan 4.363% (3 Month LIBOR USD + 4.00%), 06/26/2025 (a)
|
614,365
|
592,608
|
||||||
|
Senior Secured Second Lien Term Loan 8.863% (3 Month LIBOR USD + 8.50%), 06/26/2026 (a)
|
215,000
|
188,073
|
||||||
|
Spectrum Holdings III Corp., Senior Secured First Lien Term Loan 4.322% (6 Month LIBOR USD + 3.25%, 1.000% Floor), 01/31/2025 (a)
|
724,963
|
641,744
|
||||||
|
Tronox Finance, LLC
|
||||||||
|
Senior Secured First Lien Term Loan 2.928% (1 Month LIBOR USD + 2.75%), 09/23/2024 (a)
|
459,772
|
442,563
|
||||||
|
Senior Secured First Lien Term Loan 3.058% (3 Month LIBOR USD + 2.75%), 09/23/2024 (a)
|
324,419
|
312,275
|
||||||
|
7,390,118
|
||||||||
|
COMMERCIAL SERVICES - 3.71%
|
||||||||
|
AlixPartners, LLP, Senior Secured First Lien Term Loan 3.50% (1 Month LIBOR USD + 2.50%, 1.000% Floor), 04/04/2024 (a)
|
1,340,968
|
1,300,041
|
||||||
|
Allied Universal Holdco, LLC, Senior Secured First Lien Term Loan 4.428% (1 Month LIBOR USD + 4.25%), 07/10/2026 (a)
|
1,134,300
|
1,104,207
|
||||||
|
Camelot U.S. Acquisition 1 Co., Senior Secured First Lien Term Loan 3.178% (1 Month LIBOR USD + 3.00%), 10/30/2026 (a)
|
1,156,704
|
1,123,269
|
||||||
|
Capri Acquisitions BidCo, Ltd., Senior Secured First Lien Term Loan 3.76% (3 Month LIBOR USD + 3.00%), 11/01/2024 (a)
|
713,849
|
687,079
|
||||||
|
EAB Global, Inc., Senior Secured First Lien Term Loan 4.885% (3 Month LIBOR USD + 3.75%, 1.000% Floor), 11/15/2024 (a)
|
486,400
|
462,697
|
||||||
|
Garda World Security Corp., Senior Secured First Lien Term Loan 4.93% (3 Month LIBOR USD + 4.75%), 10/30/2026 (a)
|
590,876
|
581,718
|
||||||
|
IRI Holdings, Inc., Senior Secured First Lien Term Loan 4.613% (3 Month LIBOR USD + 4.25%), 12/01/2025 (a)
|
1,713,900
|
1,632,490
|
||||||
|
KAR Auction Services, Inc., Senior Secured First Lien Term Loan 2.50% (1 Month LIBOR USD + 2.25%), 09/21/2026 (a)
|
668,112
|
635,542
|
||||||
|
Tempo Acquisition, LLC, Senior Secured First Lien Term Loan 2.928% (1 Month LIBOR USD + 2.75%), 05/01/2024 (a)
|
545,686
|
520,107
|
||||||
|
8,047,150
|
||||||||
|
CONSTRUCTION & ENGINEERING - 0.97%
|
||||||||
|
Amentum Government Services Holdings, LLC, Senior Secured First Lien Term Loan 4.178% (1 Month LIBOR USD + 4.00%), 02/01/2027
(a)
|
957,000
|
942,243
|
||||||
|
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)
|
6,509
|
5,983
|
||||||
|
Senior Secured First Lien Term Loan 5.293% (3 Month LIBOR USD + 4.25%, 1.000% Floor), 06/21/2024 (a)
|
672,807
|
618,421
|
||||||
|
Senior Secured First Lien Term Loan 5.637% (3 Month LIBOR USD + 4.25%, 1.000% Floor), 06/21/2024 (a)
|
583,464
|
536,300
|
||||||
|
2,102,947
|
||||||||
|
CONSUMER NON-DISCRETIONARY - 1.69%
|
||||||||
|
Alphabet Holding Co., Inc.
|
||||||||
|
Senior Secured First Lien Term Loan 3.678% (1 Month LIBOR USD + 3.50%), 09/26/2024 (a)
|
1,281,244
|
1,209,571
|
||||||
|
Senior Secured Second Lien Term Loan 7.928% (1 Month LIBOR USD + 7.75%), 09/26/2025 (a)
|
455,000
|
411,015
|
||||||
|
Hoffmaster Group, Inc., Senior Secured First Lien Term Loan 5.00% (3 Month LIBOR USD + 4.00%, 1.000% Floor), 11/21/2023 (a)
|
723,750
|
585,561
|
||||||
|
Kronos Acquisition Holdings, Inc., Senior Secured First Lien Term Loan 5.00% (1 Month LIBOR USD + 4.00%, 1.000% Floor),
05/15/2023 (a)
|
1,529,853
|
1,461,874
|
||||||
|
3,668,021
|
||||||||
|
DISCRETIONARY - CONSUMER GOODS - 1.69%
|
||||||||
|
Champ Acquisition Corp., Senior Secured First Lien Term Loan 6.572% (6 Month LIBOR USD + 5.50%), 12/19/2025 (a)
|
187,598
|
178,013
|
||||||
|
Kontoor Brands, Inc., Senior Secured First Lien Term Loan 4.43% (1 Month LIBOR USD + 4.25%), 05/15/2026 (a)
|
315,917
|
301,700
|
||||||
|
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)
|
32,503
|
28,775
|
||||||
|
Senior Secured First Lien Term Loan 4.25% (6 Month LIBOR USD + 3.25%, 1.000% Floor), 03/13/2025 (a)
|
431,930
|
382,393
|
||||||
|
Pearl Intermediate Parent, LLC, Senior Secured First Lien Term Loan 2.928% (1 Month LIBOR USD + 2.75%), 02/14/2025 (a)
|
364,150
|
347,763
|
||||||
|
Prometric Holdings, Inc., Senior Secured First Lien Term Loan 4.00% (1 Month LIBOR USD + 3.00%, 1.000% Floor), 01/29/2025 (a)
|
718,554
|
651,190
|
||||||
|
Renaissance Holding Corp., Senior Secured First Lien Term Loan 4.01% (3 Month LIBOR USD + 3.25%), 05/30/2025 (a)
|
514,500
|
497,599
|
||||||
|
SIWF Holdings, Inc., Senior Secured First Lien Term Loan 5.322% (6 Month LIBOR USD + 4.25%), 06/13/2025 (a)
|
568,400
|
532,875
|
||||||
|
Wand NewCo 3, Inc.
|
||||||||
|
Senior Secured First Lien Term Loan 4.072% (3 Month LIBOR USD + 3.00%), 02/05/2026 (a)
|
106,914
|
101,836
|
||||||
|
Senior Secured First Lien Term Loan 4.072% (6 Month LIBOR USD + 3.00%), 02/05/2026 (a)
|
690,056
|
657,278
|
||||||
|
3,679,422
|
||||||||
|
DIVERSIFIED FINANCIAL SERVICES - 2.41%
|
||||||||
|
Avolon TLB Borrower 1 (U.S.), LLC, Senior Secured First Lien Term Loan 2.50% (1 Month LIBOR USD + 1.75%, 0.750% Floor),
01/15/2025 (a)
|
147,341
|
137,663
|
||||||
|
Blackstone Mortgage Trust, Inc., Senior Secured First Lien Term Loan 2.424% (1 Month LIBOR USD + 2.25%), 04/23/2026 (a)
|
580,613
|
547,227
|
||||||
|
Financial & Risk U.S. Holdings, Inc., Senior Secured First Lien Term Loan 3.428% (1 Month LIBOR USD + 3.25%), 10/01/2025 (a)
|
764,119
|
747,499
|
||||||
|
Focus Financial Partners, LLC, Senior Secured First Lien Term Loan 2.174% (1 Month LIBOR USD + 2.00%), 07/03/2024 (a)
|
620,233
|
596,199
|
||||||
|
Micro Holding Corp., Senior Secured First Lien Term Loan 4.572% (3 Month LIBOR USD + 3.50%), 09/13/2024 (a)
|
695,933
|
673,235
|
||||||
|
Starwood Property Mortgage, LLC, Senior Secured First Lien Term Loan 2.678% (1 Month LIBOR USD + 2.50%), 07/27/2026 (a)
|
471,438
|
453,759
|
||||||
|
Titan AcquisitionCo New Zealand, Ltd., Senior Secured First Lien Term Loan 4.308% (3 Month LIBOR USD + 4.00%), 05/01/2026 (a)
|
480,088
|
456,684
|
||||||
|
VFH Parent, LLC, Senior Secured First Lien Term Loan 3.188% (1 Month LIBOR USD + 3.00%), 03/02/2026 (a)
|
1,668,668
|
1,629,737
|
||||||
|
5,242,003
|
||||||||
|
ENVIRONMENTAL SERVICES - 1.83%
|
||||||||
|
Belfor Holdings, Inc., Senior Secured First Lien Term Loan 4.178% (1 Month LIBOR USD + 4.00%), 04/06/2026 (a)
|
465,300
|
460,065
|
||||||
|
Brightview Landscapes, LLC
|
||||||||
|
Senior Secured First Lien Term Loan 2.688% (1 Month LIBOR USD + 2.50%), 08/15/2025 (a)
|
503,778
|
491,184
|
||||||
|
Senior Secured First Lien Term Loan 2.75% (1 Month LIBOR USD + 2.50%), 08/15/2025 (a)
|
618,322
|
602,864
|
||||||
|
Granite Acquisition, Inc.
|
||||||||
|
Senior Secured First Lien Term Loan 4.50% (3 Month LIBOR USD + 3.50%, 1.000% Floor), 12/17/2021 (a)
|
1,469,404
|
1,445,894
|
||||||
|
Senior Secured Second Lien Term Loan 8.25% (3 Month LIBOR USD + 7.25%, 1.000% Floor), 12/19/2022 (a)
|
356,709
|
351,804
|
||||||
|
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)
|
926,250
|
625,223
|
||||||
|
3,977,034
|
||||||||
|
FOOD & BEVERAGE - 1.17%
|
||||||||
|
Dole Food Co., Inc., Senior Secured First Lien Term Loan 3.75% (1 Month LIBOR USD + 2.75%, 1.000% Floor), 04/08/2024 (a)
|
740,000
|
722,270
|
||||||
|
Froneri U.S., Inc., Senior Secured First Lien Term Loan 2.428% (1 Month LIBOR USD + 2.25%), 01/29/2027 (a)
|
650,000
|
613,035
|
||||||
|
H-Food Holdings, LLC
|
||||||||
|
Senior Secured First Lien Term Loan 3.866% (1 Month LIBOR USD + 3.6875%), 05/23/2025 (a)
|
891,800
|
852,132
|
||||||
|
Senior Secured First Lien Term Loan 4.178% (1 Month LIBOR USD + 4.00%), 05/23/2025 (a)
|
123,125
|
118,152
|
||||||
|
Sunshine Investments B.V., Senior Secured First Lien Term Loan 3.674% (3 Month LIBOR USD + 3.25%), 03/28/2025 (a)
|
237,600
|
231,660
|
||||||
|
2,537,249
|
||||||||
|
FOOD & DRUG RETAIL - 0.76%
|
||||||||
|
BJ's Wholesale Club, Inc., Senior Secured First Lien Term Loan 2.435% (1 Month LIBOR USD + 2.25%), 02/02/2024 (a)
|
1,261,011
|
1,223,067
|
||||||
|
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)
|
605,787
|
429,806
|
||||||
|
1,652,873
|
||||||||
|
HEALTH CARE EQUIPMENT & SUPPLIES - 1.22%
|
||||||||
|
athenahealth, Inc., Senior Secured First Lien Term Loan 4.818% (3 Month LIBOR USD + 4.50%), 02/11/2026 (a)
|
651,750
|
633,828
|
||||||
|
Greatbatch, Ltd., Senior Secured First Lien Term Loan 3.50% (1 Month LIBOR USD + 2.50%, 1.000% Floor), 10/27/2022 (a)
|
505,363
|
499,614
|
||||||
|
Greenway Health, LLC, Senior Secured First Lien Term Loan 4.82% (6 Month LIBOR USD + 3.75%, 1.000% Floor), 02/16/2024 (a)
|
630,500
|
504,400
|
||||||
|
Navicure, Inc., Senior Secured First Lien Term Loan 4.178% (1 Month LIBOR USD + 4.00%), 10/22/2026 (a)
|
653,363
|
628,861
|
||||||
|
Vizient, Inc., Senior Secured First Lien Term Loan 2.178% (1 Month LIBOR USD + 2.00%), 05/06/2026 (a)
|
406,850
|
392,801
|
||||||
|
2,659,504
|
||||||||
|
HEALTH CARE FACILITIES - 3.69%
|
||||||||
|
Acadia Healthcare Co., Inc., Senior Secured First Lien Term Loan 2.678% (1 Month LIBOR USD + 2.50%), 02/11/2022 (a)
|
874,406
|
859,103
|
||||||
|
AHP Health Partners, Inc., Senior Secured First Lien Term Loan 5.50% (1 Month LIBOR USD + 4.50%, 1.000% Floor), 06/30/2025 (a)
|
599,485
|
580,002
|
||||||
|
Bioscrip, Inc., Senior Secured First Lien Term Loan 4.678% (1 Month LIBOR USD + 4.50%), 08/06/2026 (a)
|
427,850
|
416,797
|
||||||
|
CHG Healthcare Services, Inc., Senior Secured First Lien Term Loan 4.072% (6 Month LIBOR USD + 3.00%, 1.000% Floor), 06/07/2023
(a)
|
534,369
|
516,623
|
||||||
|
Dentalcorp Perfect Smile, ULC, Senior Secured First Lien Term Loan 4.75% (1 Month LIBOR USD + 3.75%, 1.000% Floor), 06/06/2025
(a)
|
563,911
|
505,405
|
||||||
|
Envision Healthcare Corp., Senior Secured First Lien Term Loan 3.928% (1 Month LIBOR USD + 3.75%), 10/10/2025 (a)
|
822,068
|
546,675
|
||||||
|
Examworks Group, Inc., Senior Secured First Lien Term Loan 4.322% (6 Month LIBOR USD + 3.25%, 1.000% Floor), 07/27/2023 (a)
|
824,814
|
808,834
|
||||||
|
Gentiva Health Services, Inc., Senior Secured First Lien Term Loan 3.438% (1 Month LIBOR USD + 3.25%), 07/02/2025 (a)
|
783,538
|
761,991
|
||||||
|
Global Medical Response, Inc.
|
||||||||
|
Senior Secured First Lien Term Loan 4.25% (6 Month LIBOR USD + 3.25%, 1.000% Floor), 04/28/2022 (a)
|
911,753
|
880,074
|
||||||
|
Senior Secured First Lien Term Loan 5.25% (6 Month LIBOR USD + 4.25%, 1.000% Floor), 03/14/2025 (a)
|
375,375
|
360,125
|
||||||
|
Heartland Dental, LLC, Senior Secured First Lien Term Loan 3.678% (1 Month LIBOR USD + 3.50%), 04/30/2025 (a)
|
823,870
|
739,765
|
||||||
|
RegionalCare Hospital Partners Holdings, Inc., Senior Secured First Lien Term Loan 3.928% (1 Month LIBOR USD + 3.75%),
11/14/2025 (a)
|
741,339
|
697,203
|
||||||
|
Team Health Holdings, Inc., Senior Secured First Lien Term Loan 3.75% (1 Month LIBOR USD + 2.75%, 1.000% Floor), 02/06/2024 (a)
|
440,559
|
340,334
|
||||||
|
8,012,931
|
||||||||
|
HOTEL & LEISURE - 2.14%
|
||||||||
|
Alterra Mountain Co., Senior Secured First Lien Term Loan 2.928% (1 Month LIBOR USD + 2.75%), 07/31/2024 (a)
|
1,229,275
|
1,163,589
|
||||||
|
Four Seasons Hotels, Ltd., Senior Secured First Lien Term Loan 2.178% (1 Month LIBOR USD + 2.00%), 11/30/2023 (a)
|
501,995
|
477,053
|
||||||
|
Lakeland Tours, LLC, Senior Secured First Lien Term Loan 5.25% (3 Month LIBOR USD + 4.25%, 1.000% Floor), 12/16/2024 (a)
|
701,889
|
367,790
|
||||||
|
Marriott Ownership Resorts, Inc., Senior Secured First Lien Term Loan 1.928% (1 Month LIBOR USD + 1.75%), 08/29/2025 (a)
|
681,401
|
644,670
|
||||||
|
SeaWorld Parks & Entertainment, Inc., Senior Secured First Lien Term Loan 3.75% (1 Month LIBOR USD + 3.00%, 0.750% Floor),
04/01/2024 (a)
|
1,164,899
|
1,039,673
|
||||||
|
United PF Holdings, LLC, Senior Secured First Lien Term Loan 4.308% (3 Month LIBOR USD + 4.00%), 12/30/2026 (a)
|
1,065,695
|
957,351
|
||||||
|
4,650,126
|
|
INDUSTRIAL MACHINERY - 4.39%
|
||||||||
|
Blount International, Inc., Senior Secured First Lien Term Loan 4.75% (1 Month LIBOR USD + 3.75%, 1.000% Floor), 04/12/2023 (a)
|
605,775
|
591,200
|
||||||
|
Columbus McKinnon Corp., Senior Secured First Lien Term Loan 3.50% (3 Month LIBOR USD + 2.50%, 1.000% Floor), 01/31/2024 (a)
|
377,201
|
365,885
|
||||||
|
CPM Holdings, Inc.
|
||||||||
|
Senior Secured First Lien Term Loan 3.962% (1 Month LIBOR USD + 3.75%), 11/17/2025 (a)
|
591,000
|
540,839
|
||||||
|
Senior Secured Second Lien Term Loan 8.462% (1 Month LIBOR USD + 8.25%), 11/16/2026 (a)
|
275,000
|
238,906
|
||||||
|
EWT Holdings III Corp., Senior Secured First Lien Term Loan 2.928% (1 Month LIBOR USD + 2.75%), 12/20/2024 (a)
|
1,300,899
|
1,264,857
|
||||||
|
Filtration Group Corp., Senior Secured First Lien Term Loan 3.178% (1 Month LIBOR USD + 3.00%), 03/31/2025 (a)
|
1,565,434
|
1,494,989
|
||||||
|
Helix Acquisition Holdings, Inc., Senior Secured First Lien Term Loan 5.20% (3 Month LIBOR USD + 3.75%), 09/30/2024 (a)
|
641,773
|
549,923
|
||||||
|
Navistar, Inc., Senior Secured First Lien Term Loan 3.70% (1 Month LIBOR USD + 3.50%), 11/06/2024 (a)
|
1,234,422
|
1,174,244
|
||||||
|
Penn Engineering & Manufacturing Corp., Senior Secured First Lien Term Loan 3.75% (3 Month LIBOR USD + 2.75%, 1.000% Floor), 06/27/2024 (a)
|
720,723
|
699,101
|
||||||
|
Pro Mach Group, Inc., Senior Secured First Lien Term Loan 2.93% (1 Month LIBOR USD + 2.75%), 03/07/2025 (a)
|
488,750
|
460,114
|
||||||
|
UOS, LLC, Senior Secured First Lien Term Loan 4.44% (1 Month LIBOR USD + 4.25%), 04/18/2025 (a)
|
611,949
|
602,770
|
||||||
|
Vertiv Group Corp., Senior Secured First Lien Term Loan 3.183% (1 Month LIBOR USD + 3.00%), 03/02/2027 (a)
|
1,251,863
|
1,195,529
|
||||||
|
Welbilt, Inc., Senior Secured First Lien Term Loan 2.678% (1 Month LIBOR USD + 2.50%), 10/23/2025 (a)
|
415,553
|
359,454
|
||||||
|
9,537,811
|
||||||||
|
INSURANCE - 3.08%
|
||||||||
|
Acrisure, LLC, Senior Secured First Lien Term Loan 3.678% (1 Month LIBOR USD + 3.50%), 02/16/2027 (a)
|
873,855
|
828,852
|
||||||
|
AssuredPartners, Inc., Senior Secured First Lien Term Loan 3.678% (1 Month LIBOR USD + 3.50%), 02/12/2027 (a)
|
1,236,261
|
1,186,038
|
||||||
|
Asurion, LLC
|
||||||||
|
Senior Secured First Lien Term Loan 3.178% (1 Month LIBOR USD + 3.00%), 08/04/2022 (a)
|
1,154,334
|
1,126,919
|
||||||
|
Senior Secured First Lien Term Loan 3.178% (1 Month LIBOR USD + 3.00%), 11/03/2023 (a)
|
606,942
|
588,922
|
||||||
|
Senior Secured First Lien Term Loan 3.178% (1 Month LIBOR USD + 3.00%), 11/04/2024 (a)
|
533,639
|
516,741
|
||||||
|
Senior Secured Second Lien Term Loan 6.678% (1 Month LIBOR USD + 6.50%), 08/04/2025 (a)
|
640,000
|
638,400
|
||||||
|
HUB International, Ltd.
|
||||||||
|
Senior Secured First Lien Term Loan 4.02% (3 Month LIBOR USD + 3.00%), 04/25/2025 (a)
|
720,300
|
687,138
|
||||||
|
Senior Secured First Lien Term Loan 5.00% (3 Month LIBOR USD + 4.00%, 1.000% Floor), 04/25/2025 (a)
|
348,250
|
344,071
|
||||||
|
Sedgwick Claims Management Services, Inc., Senior Secured First Lien Term Loan 4.178% (1 Month LIBOR USD + 4.00%), 09/03/2026 (a)
|
792,000
|
763,373
|
||||||
|
6,680,454
|
||||||||
|
LIFE SCIENCES - 1.02%
|
||||||||
|
Albany Molecular Research, Inc., Senior Secured First Lien Term Loan 4.25% (3 Month LIBOR USD + 3.25%, 1.000% Floor), 08/28/2024 (a)
|
376,127
|
365,125
|
||||||
|
Cambrex Corp., Senior Secured First Lien Term Loan 6.00% (1 Month LIBOR USD + 5.00%, 1.000% Floor), 12/04/2026 (a)
|
423,870
|
417,512
|
||||||
|
Jaguar Holding Co. II, Senior Secured First Lien Term Loan 3.50% (1 Month LIBOR USD + 2.50%, 1.000% Floor), 08/18/2022 (a)
|
965,063
|
955,413
|
||||||
|
Parexel International Corp., Senior Secured First Lien Term Loan 2.928% (1 Month LIBOR USD + 2.75%), 09/27/2024 (a)
|
506,372
|
481,530
|
||||||
|
2,219,580
|
||||||||
|
MANAGED HEALTH CARE - 0.54%
|
||||||||
|
MPH Acquisition Holdings, LLC, Senior Secured First Lien Term Loan 3.75% (3 Month LIBOR USD + 2.75%, 1.000% Floor), 06/07/2023 (a)
|
364,802
|
347,879
|
||||||
|
Verscend Holding Corp., Senior Secured First Lien Term Loan 4.678% (1 Month LIBOR USD + 4.50%), 08/27/2025 (a)
|
856,998
|
831,181
|
||||||
|
1,179,060
|
||||||||
|
MEDIA - BROADCASTING - 3.04%
|
||||||||
|
CBS Radio, Inc., Senior Secured First Lien Term Loan 2.684% (1 Month LIBOR USD + 2.50%), 11/18/2024 (a)
|
538,255
|
505,176
|
||||||
|
Diamond Sports Group, LLC, Senior Secured First Lien Term Loan 3.43% (1 Month LIBOR USD + 3.25%), 08/24/2026 (a)
|
798,963
|
654,151
|
||||||
|
E.W. Scripps Co., Senior Secured First Lien Term Loan 2.678% (1 Month LIBOR USD + 2.50%), 05/01/2026 (a)
|
943,098
|
894,618
|
||||||
|
Gray Television, Inc., Senior Secured First Lien Term Loan 2.673% (1 Month LIBOR USD + 2.50%), 01/02/2026 (a)
|
446,063
|
433,267
|
||||||
|
Hubbard Radio, LLC, Senior Secured First Lien Term Loan 5.25% (2 Month LIBOR USD + 4.25%, 1.000% Floor), 03/28/2025 (a)
|
605,234
|
544,711
|
||||||
|
iHeartCommunications, Inc., Senior Secured First Lien Term Loan 3.178% (1 Month LIBOR USD + 3.00%), 05/01/2026 (a)
|
866,645
|
802,370
|
||||||
|
ION Media Networks, Inc., Senior Secured First Lien Term Loan 3.813% (3 Month LIBOR USD + 3.00%), 12/18/2024 (a)
|
769,188
|
730,247
|
||||||
|
Learfield Communications, LLC, Senior Secured First Lien Term Loan 4.25% (1 Month LIBOR USD + 3.25%, 1.000% Floor), 12/01/2023 (a)
|
579,000
|
439,751
|
||||||
|
Mission Broadcasting, Inc., Senior Secured First Lien Term Loan 2.423% (1 Month LIBOR USD + 2.25%), 01/17/2024 (a)
|
33,960
|
32,389
|
||||||
|
Nexstar Broadcasting, Inc., Senior Secured First Lien Term Loan 2.434% (1 Month LIBOR USD + 2.25%), 01/17/2024 (a)
|
132,006
|
125,901
|
||||||
|
Sinclair Television Group, Inc., Senior Secured First Lien Term Loan 2.69% (1 Month LIBOR USD + 2.50%), 09/30/2026 (a)
|
937,913
|
898,051
|
||||||
|
Univision Communications, Inc., Senior Secured First Lien Term Loan 3.75% (1 Month LIBOR USD + 2.75%, 1.000% Floor), 03/15/2024 (a)
|
570,735
|
530,070
|
||||||
|
6,590,702
|
||||||||
|
MEDIA - CABLE & SATELLITE - 1.54%
|
||||||||
|
Altice Financing S.A., Senior Secured First Lien Term Loan 2.935% (1 Month LIBOR USD + 2.75%), 07/15/2025 (a)
|
540,848
|
513,468
|
||||||
|
Block Communications, Inc., Senior Secured First Lien Term Loan 2.558% (3 Month LIBOR USD + 2.25%), 02/25/2027 (a)
|
584,535
|
573,575
|
||||||
|
Telenet Financing USD, LLC, Senior Secured First Lien Term Loan 2.185% (1 Month LIBOR USD + 2.00%), 04/28/2028 (a)
|
1,090,000
|
1,031,075
|
||||||
|
WideOpenWest Finance, LLC, Senior Secured First Lien Term Loan 4.25% (1 Month LIBOR USD + 3.25%, 1.000% Floor), 08/18/2023 (a)
|
1,271,006
|
1,216,594
|
||||||
|
3,334,712
|
||||||||
|
MEDIA - DIVERSIFIED - 3.70%
|
||||||||
|
ABG Intermediate Holdings 2, LLC, Senior Secured First Lien Term Loan 4.50% (3 Month LIBOR USD + 3.50%, 1.000% Floor), 09/27/2024 (a)
|
2,342,897
|
2,193,057
|
||||||
|
Ancestry.com Operations, Inc., Senior Secured First Lien Term Loan 4.43% (1 Month LIBOR USD + 4.25%), 08/27/2026 (a)
|
2,314,464
|
2,205,614
|
||||||
|
AVSC Holding Corp.
|
||||||||
|
Senior Secured First Lien Term Loan 5.50% (3 Month LIBOR USD + 4.50%, 1.000% Floor), 10/15/2026 (a)
|
22,125
|
15,709
|
||||||
|
Senior Secured First Lien Term Loan 6.204% (3 Month LIBOR USD + 4.50%, 1.000% Floor), 10/15/2026 (a)
|
564,925
|
401,097
|
||||||
|
Catalina Marketing Corp., Senior Secured First Lien Term Loan 2.00% (1 Month LIBOR USD + 1.00%, 1.000% Floor), 08/15/2023 (a)
|
165,185
|
36,891
|
||||||
|
Harland Clarke Holdings Corp., Senior Secured First Lien Term Loan 5.75% (3 Month LIBOR USD + 4.75%, 1.000% Floor), 11/03/2023
(a)
|
691,999
|
510,062
|
||||||
|
Match Group, Inc., Senior Secured First Lien Term Loan 2.184% (3 Month LIBOR USD + 1.75%), 02/15/2027 (a)
|
575,000
|
547,688
|
||||||
|
Meredith Corp., Senior Secured First Lien Term Loan 3.26% (3 Month LIBOR USD + 2.50%), 01/31/2025 (a)
|
795,764
|
737,076
|
||||||
|
Nielsen Finance, LLC, Senior Secured First Lien Term Loan 4.75% (1 Month LIBOR USD + 3.75%, 1.000% Floor), 06/04/2025 (a)
|
750,000
|
744,844
|
||||||
|
Red Ventures, LLC, Senior Secured First Lien Term Loan 2.678% (1 Month LIBOR USD + 2.50%), 11/08/2024 (a)
|
673,826
|
639,926
|
||||||
|
8,031,964
|
||||||||
|
MEDIA - ENTERTAINMENT - 3.77%
|
||||||||
|
CDS Canada 4, L.P., Senior Secured First Lien Term Loan 5.00% (1 Month LIBOR USD + 4.00%), 06/03/2021 (a)
|
159,281
|
168,838
|
||||||
|
CDS U.S. Intermediate Holdings, Inc., Senior Secured First Lien Term Loan 4.75% (3 Month LIBOR USD + 3.75%, 1.000% Floor), 07/08/2022 (a)
|
1,026,530
|
483,912
|
||||||
|
Creative Artists Agency, LLC, Senior Secured First Lien Term Loan 3.928% (1 Month LIBOR USD + 3.75%), 11/26/2026 (a)
|
833,810
|
791,807
|
||||||
|
Crown Finance U.S., Inc., Senior Secured First Lien Term Loan 3.322% (6 Month LIBOR USD + 2.25%), 02/28/2025 (a)
|
708,273
|
538,100
|
||||||
|
Lions Gate Capital Holdings, LLC, Senior Secured First Lien Term Loan 2.428% (1 Month LIBOR USD + 2.25%), 03/24/2025 (a)
|
444,994
|
422,747
|
||||||
|
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
|
612,775
|
||||||
|
NAI Entertainment Holdings, LLC, Senior Secured First Lien Term Loan 3.50% (1 Month LIBOR USD + 2.50%, 1.000% Floor), 05/08/2025 (a)
|
517,468
|
455,803
|
||||||
|
Nascar Holdings, LLC, Senior Secured First Lien Term Loan 2.93% (1 Month LIBOR USD + 2.75%), 10/19/2026 (a)
|
725,250
|
696,758
|
||||||
|
UFC Holdings, LLC, Senior Secured First Lien Term Loan 4.25% (6 Month LIBOR USD + 3.25%, 1.000% Floor), 04/29/2026 (a)
|
1,517,988
|
1,456,001
|
||||||
|
William Morris Endeavor Entertainment, LLC, Senior Secured First Lien Term Loan 2.93% (1 Month LIBOR USD + 2.75%), 05/16/2025 (a)
|
2,264,335
|
1,864,838
|
||||||
|
WMG Acquisition Corp., Senior Secured First Lien Term Loan 2.303% (1 Month LIBOR USD + 2.125%), 11/01/2023 (a)
|
703,000
|
685,815
|
||||||
|
8,177,394
|
||||||||
|
METALS & MINING - 0.57%
|
||||||||
|
GrafTech Finance, Inc., Senior Secured First Lien Term Loan 4.50% (1 Month LIBOR USD + 3.50%, 1.000% Floor), 02/12/2025 (a)
|
807,979
|
789,464
|
||||||
|
Thyssenkrupp Elevator, Senior Secured First Lien Term Loan 4.57% (6 Month LIBOR USD + 4.25%), 07/14/2027 (a)
|
465,000
|
455,700
|
||||||
|
1,245,164
|
||||||||
|
OIL & GAS E&P - 0.11%
|
||||||||
|
California Resources Corp., Senior Secured First Lien Term Loan 5.75% (3 Month LIBOR USD + 4.75%, 1.000% Floor), 12/30/2022 (a)
|
630,000
|
231,919
|
||||||
|
OIL & GAS EQUIPMENT & SERVICES - 0.33%
|
||||||||
|
Illuminate Buyer, LLC, Senior Secured First Lien Term Loan 4.308% (3 Month LIBOR USD + 4.00%), 06/30/2027 (a)
|
425,000 |
419,369
|
||||||
|
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)
|
410,517
|
297,185
|
||||||
|
716,554
|
|
OIL & GAS STORAGE & TRANSPORT - 1.44%
|
||||||||
|
Brazos Delaware II, LLC, Senior Secured First Lien Term Loan 4.19% (1 Month LIBOR USD + 4.00%), 05/21/2025 (a)
|
396,900
|
272,871
|
||||||
|
Buckeye Partners, L.P., Senior Secured First Lien Term Loan 2.923% (1 Month LIBOR USD + 2.75%), 11/02/2026 (a)
|
693,263
|
666,399
|
||||||
|
Lower Cadence Holdings, LLC, Senior Secured First Lien Term Loan 4.178% (1 Month LIBOR USD + 4.00%), 05/22/2026 (a)
|
410,850
|
367,711
|
||||||
|
Lucid Energy Group II Borrower, LLC, Senior Secured First Lien Term Loan 4.00% (1 Month LIBOR USD + 3.00%, 1.000% Floor), 02/18/2025 (a)
|
454,023
|
380,812
|
||||||
|
Northriver Midstream Finance, L.P., Senior Secured First Lien Term Loan 4.683% (3 Month LIBOR USD + 3.25%), 10/01/2025 (a)
|
741,788
|
703,889
|
||||||
|
Traverse Midstream Partners, LLC, Senior Secured First Lien Term Loan 5.00% (1 Month LIBOR USD + 4.00%, 1.000% Floor), 09/27/2024 (a)
|
884,250
|
745,533
|
||||||
|
3,137,215
|
||||||||
|
PACKAGING - 2.53%
|
||||||||
|
Ball Metalpack Finco, LLC, Senior Secured First Lien Term Loan 4.863% (3 Month LIBOR USD + 4.50%), 07/31/2025 (a)
|
737,475
|
684,469
|
||||||
|
Berry Global, Inc., Senior Secured First Lien Term Loan 2.177% (1 Month LIBOR USD + 2.00%), 07/01/2026 (a)
|
811,800
|
778,366
|
||||||
|
Flex Acquisition Co., Inc., Senior Secured First Lien Term Loan 4.683% (3 Month LIBOR USD + 3.25%), 06/30/2025 (a)
|
586,155
|
553,794
|
||||||
|
Mauser Packaging Solutions Holding Co., Senior Secured First Lien Term Loan 4.561% (3 Month LIBOR USD + 3.25%), 04/03/2024 (a)
|
1,074,801
|
972,695
|
||||||
|
Pregis Topco, LLC, Senior Secured First Lien Term Loan 4.178% (1 Month LIBOR USD + 4.00%), 07/31/2026 (a)
|
542,275
|
525,215
|
||||||
|
Reynolds Consumer Products, LLC, Senior Secured First Lien Term Loan 1.928% (1 Month LIBOR USD + 1.75%), 02/04/2027 (a)
|
618,450
|
597,686
|
||||||
|
Reynolds Group Holdings, Inc.
|
||||||||
|
Senior Secured First Lien Term Loan 2.924% (1 Month LIBOR USD + 2.75%), 02/06/2023 (a)
|
470,166
|
450,386
|
||||||
|
Senior Secured First Lien Term Loan 2.928% (1 Month LIBOR USD + 2.75%), 02/06/2023 (a)
|
141,622
|
135,664
|
||||||
|
Sabert Corp., Senior Secured First Lien Term Loan 5.50% (1 Month LIBOR USD + 4.50%, 1.000% Floor), 12/10/2026 (a)
|
813,960
|
795,645
|
||||||
|
5,493,920
|
||||||||
|
PHARMACEUTICALS & BIOTECHNOLOGY - 1.20%
|
||||||||
|
Amneal Pharmaceuticals, LLC, Senior Secured First Lien Term Loan 3.678% (1 Month LIBOR USD + 3.50%), 05/05/2025 (a)
|
389,987
|
358,252
|
||||||
|
Bausch Health Cos., Inc., Senior Secured First Lien Term Loan 3.19% (1 Month LIBOR USD + 3.00%), 06/02/2025 (a)
|
690,289
|
672,862
|
||||||
|
RPI Intermediate Finance Trust
|
||||||||
|
Senior Secured First Lien Term Loan 1.928% (1 Month LIBOR USD + 1.75%), 02/11/2027 (a)
|
1,145,619
|
1,119,367
|
||||||
|
Senior Secured First Lien Term Loan 1.928% (1 Month LIBOR USD + 1.75%), 02/11/2027 (a)
|
459,422
|
446,214
|
||||||
|
2,596,695
|
||||||||
|
RESTAURANTS - 0.86%
|
||||||||
|
IRB Holding Corp., Senior Secured First Lien Term Loan 3.75% (6 Month LIBOR USD + 2.75%, 1.000% Floor), 02/05/2025 (a)
|
753,952
|
698,887
|
||||||
|
K-Mac Holdings Corp., Senior Secured First Lien Term Loan 3.178% (1 Month LIBOR USD + 3.00%), 03/14/2025 (a)
|
583,160
|
549,211
|
||||||
|
Tacala, LLC, Senior Secured First Lien Term Loan 3.674% (1 Month LIBOR USD + 3.50%), 02/05/2027 (a)
|
648,867
|
615,071
|
||||||
|
1,863,169
|
||||||||
|
RETAILING - 2.01%
|
||||||||
|
Bass Pro Group, LLC, Senior Secured First Lien Term Loan 6.072% (6 Month LIBOR USD + 5.00%, 0.750% Floor), 09/25/2024 (a)
|
776,840
|
750,482
|
||||||
|
Belron Finance U.S., LLC, Senior Secured First Lien Term Loan 2.974% (3 Month LIBOR USD + 2.50%), 11/07/2024 (a)
|
604,500
|
587,121
|
||||||
|
Harbor Freight Tools U.S.A., Inc., Senior Secured First Lien Term Loan 3.25% (1 Month LIBOR USD + 2.50%, 0.750% Floor),
08/18/2023 (a)
|
589,519
|
569,133
|
||||||
|
Hoya Midco, LLC, Senior Secured First Lien Term Loan 4.572% (6 Month LIBOR USD + 3.50%, 1.000% Floor), 06/28/2024 (a)
|
970,297
|
823,539
|
||||||
|
Jo-Ann Stores, LLC, Senior Secured First Lien Term Loan 6.00% (6 Month LIBOR USD + 5.00%, 1.000% Floor), 10/20/2023 (a)
|
415,032
|
259,395
|
||||||
|
Michaels Stores, Inc.
|
||||||||
|
Senior Secured First Lien Term Loan 3.50% (1 Month LIBOR USD + 2.50%, 1.000% Floor), 01/30/2023 (a)
|
226,154
|
207,873
|
||||||
|
Senior Secured First Lien Term Loan 3.558% (3 Month LIBOR USD + 2.50%, 1.000% Floor), 01/30/2023 (a)
|
134,861
|
123,960
|
||||||
|
Senior Secured First Lien Term Loan 3.568% (3 Month LIBOR USD + 2.50%, 1.000% Floor), 01/30/2023 (a)
|
131,169
|
120,566
|
||||||
|
Pug, LLC, Senior Secured First Lien Term Loan 3.678% (1 Month LIBOR USD + 3.50%), 02/12/2027 (a)
|
935,300
|
820,726
|
||||||
|
Sally Holdings, LLC, Senior Secured First Lien Term Loan 2.43% (1 Month LIBOR USD + 2.25%), 07/05/2024 (a)
|
97,436
|
93,538
|
||||||
|
4,356,333
|
||||||||
|
SOFTWARE & SERVICES - 12.30%
|
||||||||
|
Access CIG, LLC
|
||||||||
|
Senior Secured First Lien Term Loan 3.924% (1 Month LIBOR USD + 3.75%), 02/27/2025 (a)
|
1,262,045
|
1,205,518
|
||||||
|
Senior Secured Second Lien Term Loan 7.924% (1 Month LIBOR USD + 7.75%), 02/27/2026 (a)
|
315,000
|
274,574
|
||||||
|
Barracuda Networks, Inc., Senior Secured First Lien Term Loan 4.25% (3 Month LIBOR USD + 3.25%, 1.000% Floor), 02/12/2025 (a)
|
1,075,456
|
1,052,334
|
||||||
|
Buzz Merger Sub, Ltd., Senior Secured First Lien Term Loan 2.924% (1 Month LIBOR USD + 2.75%), 01/29/2027 (a)
|
630,000
|
611,888
|
||||||
|
Cardtronics U.S.A., Inc., Senior Secured First Lien Term Loan 5.00% (1 Month LIBOR USD + 4.00%, 1.000% Floor), 06/29/2027 (a)
|
545,000
|
536,825
|
||||||
|
Castle U.S. Holding Corp., Senior Secured First Lien Term Loan 4.058% (3 Month LIBOR USD + 3.75%), 01/29/2027 (a)
|
1,177,542
|
1,080,394
|
||||||
|
Dawn Acquisition, LLC, Senior Secured First Lien Term Loan 4.058% (3 Month LIBOR USD + 3.75%), 12/31/2025 (a)
|
496,346
|
454,653
|
||||||
|
DCert Buyer, Inc., Senior Secured First Lien Term Loan 4.178% (1 Month LIBOR USD + 4.00%), 10/16/2026 (a)
|
852,863
|
827,631
|
||||||
|
Dynatrace, LLC, Senior Secured First Lien Term Loan 2.428% (1 Month LIBOR USD + 2.25%), 08/22/2025 (a)
|
620,955
|
607,499
|
||||||
|
EagleView Technology Corp., Senior Secured First Lien Term Loan 3.863% (3 Month LIBOR USD + 3.50%), 08/14/2025 (a)
|
876,650
|
833,208
|
||||||
|
EVO Payments International, LLC, Senior Secured First Lien Term Loan 3.434% (1 Month LIBOR USD + 3.25%), 12/22/2023 (a)
|
1,183,050
|
1,154,953
|
||||||
|
GlobalLogic Holdings, Inc., Senior Secured First Lien Term Loan 2.928% (1 Month LIBOR USD + 2.75%), 08/01/2025 (a)
|
497,515
|
478,649
|
||||||
|
Imperva, Inc., Senior Secured First Lien Term Loan 5.00% (3 Month LIBOR USD + 4.00%, 1.000% Floor), 01/12/2026 (a)
|
338,572
|
323,844
|
||||||
|
Informatica, LLC
|
||||||||
|
Senior Secured Second Lien Term Loan 7.125%, 02/25/2025
|
237,000
|
238,037
|
||||||
|
Senior Secured First Lien Term Loan 3.428% (1 Month LIBOR USD + 3.25%), 02/25/2027 (a)
|
1,089,270
|
1,046,244
|
||||||
|
Intrado Corp.
|
||||||||
|
Senior Secured First Lien Term Loan 4.50% (3 Month LIBOR USD + 3.50%, 1.000% Floor), 10/10/2024 (a)
|
261,990
|
221,054
|
||||||
|
Senior Secured First Lien Term Loan 5.00% (3 Month LIBOR USD + 4.00%, 1.000% Floor), 10/10/2024 (a)
|
828,703
|
712,453
|
||||||
|
MA FinanceCo., LLC, Senior Secured First Lien Term Loan 2.678% (1 Month LIBOR USD + 2.50%), 06/21/2024 (a)
|
109,139
|
102,454
|
||||||
|
Merrill Communications, LLC, Senior Secured First Lien Term Loan 6.195% (6 Month LIBOR USD + 5.00%, 1.000% Floor), 10/05/2026
(a)
|
512,425
|
504,739
|
||||||
|
Moneygram International, Inc., Senior Secured First Lien Term Loan 7.00% (2 Month LIBOR USD + 6.00%, 1.000% Floor), 06/30/2023
(a)
|
900,545
|
827,375
|
||||||
|
NAB Holdings, LLC, Senior Secured First Lien Term Loan 4.00% (3 Month LIBOR USD + 3.00%, 1.000% Floor), 07/01/2024 (a)
|
486,306
|
470,501
|
||||||
|
Optiv Security, Inc., Senior Secured First Lien Term Loan 4.25% (1 Month LIBOR USD + 3.25%, 1.000% Floor), 02/01/2024 (a)
|
864,714
|
736,520
|
||||||
|
Presidio Holdings, Inc., Senior Secured First Lien Term Loan 4.27% (3 Month LIBOR USD + 3.50%), 01/22/2027 (a)
|
741,000
|
717,381
|
||||||
|
Project Alpha Intermediate Holding, Inc.
|
||||||||
|
Senior Secured First Lien Term Loan 5.38% (6 Month LIBOR USD + 3.50%, 1.000% Floor), 04/26/2024 (a)
|
776,000
|
750,132
|
||||||
|
Senior Secured First Lien Term Loan 6.13% (6 Month LIBOR USD + 4.25%), 04/26/2024 (a)
|
534,600
|
517,226
|
||||||
|
ProQuest, LLC, Senior Secured First Lien Term Loan 3.678% (1 Month LIBOR USD + 3.50%), 10/23/2026 (a)
|
412,925
|
401,506
|
||||||
|
Rackspace Hosting, Inc., Senior Secured First Lien Term Loan 4.00% (3 Month LIBOR USD + 3.00%, 1.000% Floor), 11/03/2023 (a)
|
674,977
|
646,162
|
||||||
|
Rocket Software, Inc., Senior Secured First Lien Term Loan 4.428% (1 Month LIBOR USD + 4.25%), 11/28/2025 (a)
|
612,609
|
589,890
|
||||||
|
RP Crown Parent, LLC, Senior Secured First Lien Term Loan 3.75% (1 Month LIBOR USD + 2.75%, 1.000% Floor), 10/12/2023 (a)
|
545,225
|
531,594
|
||||||
|
Seattle SpinCo, Inc., Senior Secured First Lien Term Loan 2.678% (1 Month LIBOR USD + 2.50%), 06/21/2024 (a)
|
737,041
|
691,897
|
||||||
|
Severin Acquisition, LLC, Senior Secured First Lien Term Loan 3.425% (1 Month LIBOR USD + 3.25%), 08/01/2025 (a)
|
372,111
|
358,157
|
||||||
|
SolarWinds Holdings, Inc., Senior Secured First Lien Term Loan 2.928% (1 Month LIBOR USD + 2.75%), 02/05/2024 (a)
|
1,583,996
|
1,541,497
|
||||||
|
Solera, LLC, Senior Secured First Lien Term Loan 2.928% (1 Month LIBOR USD + 2.75%), 03/03/2023 (a)
|
759,133
|
735,672
|
||||||
|
TIBCO Software, Inc.
|
||||||||
|
Senior Secured First Lien Term Loan 3.93% (1 Month LIBOR USD + 3.75%), 06/30/2026 (a)
|
1,119,486
|
1,060,712
|
||||||
|
Senior Secured Second Lien Term Loan 7.43% (1 Month LIBOR USD + 7.25%), 03/03/2028 (a)
|
263,000
|
254,947
|
||||||
|
TierPoint, LLC, Senior Secured First Lien Term Loan 4.75% (1 Month LIBOR USD + 3.75%, 1.000% Floor), 05/06/2024 (a)
|
445,166
|
426,048
|
|
Ultimate Software Group
|
||||||||
|
Senior Secured First Lien Term Loan 3.928% (1 Month LIBOR USD + 3.75%), 05/04/2026 (a)
|
743,383
|
722,137
|
||||||
|
Senior Secured First Lien Term Loan 4.75% (3 Month LIBOR USD + 4.00%, 0.750% Floor), 05/04/2026 (a)
|
226,000 |
223,723
|
||||||
|
Vertafore, Inc., Senior Secured First Lien Term Loan 3.428% (1 Month LIBOR USD + 3.25%), 07/02/2025 (a)
|
797,850
|
755,923
|
||||||
|
VM Consolidated, Inc., Senior Secured First Lien Term Loan 3.558% (3 Month LIBOR USD + 3.25%), 02/28/2025 (a)
|
587,871
|
562,886
|
||||||
|
VS Buyer, LLC, Senior Secured First Lien Term Loan 3.428% (1 Month LIBOR USD + 3.25%), 02/26/2027 (a)
|
939,645
|
910,281
|
||||||
|
26,699,118
|
||||||||
|
TECHNOLOGY HARDWARE - 2.35%
|
||||||||
|
Avaya, Inc., Senior Secured First Lien Term Loan 4.435% (1 Month LIBOR USD + 4.25%), 12/16/2024 (a)
|
1,303,442
|
1,207,640
|
||||||
|
Celestica, Inc., Senior Secured First Lien Term Loan 2.309% (1 Month LIBOR USD + 2.125%), 06/27/2025 (a)
|
527,455
|
494,985
|
||||||
|
CommScope, Inc., Senior Secured First Lien Term Loan 3.428% (1 Month LIBOR USD + 3.25%), 04/06/2026 (a)
|
640,163
|
608,689
|
||||||
|
Diebold Nixdorf, Inc.
|
||||||||
|
Senior Secured First Lien Term Loan 4.938% (1 Month LIBOR USD + 4.75%), 04/29/2022 (a)
|
521,365
|
509,634
|
||||||
|
Senior Secured First Lien Term Loan 9.438% (1 Month LIBOR USD + 9.25%), 08/31/2022 (a)
|
256,579
|
256,793
|
||||||
|
Senior Secured First Lien Term Loan 2.938% (1 Month LIBOR USD + 2.75%), 11/06/2023 (a)
|
119,441
|
112,872
|
||||||
|
Microchip Technology, Inc., Senior Secured First Lien Term Loan 2.18% (1 Month LIBOR USD + 2.00%), 05/29/2025 (a)
|
321,421
|
312,883
|
||||||
|
MLN U.S. HoldCo, LLC, Senior Secured First Lien Term Loan 4.678% (1 Month LIBOR USD + 4.50%), 11/28/2025 (a)
|
980,075
|
809,179
|
||||||
|
MTS Systems Corp., Senior Secured First Lien Term Loan 4.00% (1 Month LIBOR USD + 3.25%, 0.750% Floor), 07/05/2023 (a)
|
338,639
|
326,787
|
||||||
|
Plantronics, Inc.
|
||||||||
|
Senior Secured First Lien Term Loan 2.678% (1 Month LIBOR USD + 2.50%), 07/02/2025 (a)
|
449,494
|
411,615
|
||||||
|
Senior Secured First Lien Term Loan 3.572% (1 Month LIBOR USD + 2.50%), 07/02/2025 (a)
|
67,640 |
61,940 |
||||||
|
5,113,017
|
||||||||
|
TELECOMMUNICATION SERVICES - DIVERSIFIED - 6.28%
|
||||||||
|
CenturyLink, Inc., Senior Secured First Lien Term Loan 2.428% (1 Month LIBOR USD + 2.25%), 03/15/2027 (a)
|
842,685
|
797,450
|
||||||
|
Connect U.S. Finco, LLC, Senior Secured First Lien Term Loan 5.50% (1 Month LIBOR USD + 4.50%, 1.000% Floor), 12/11/2026 (a)
|
1,246,875
|
1,177,524
|
||||||
|
Consolidated Communications, Inc., Senior Secured First Lien Term Loan 4.00% (1 Month LIBOR USD + 3.00%, 1.000% Floor),
10/05/2023 (a)
|
1,221,377
|
1,163,282
|
||||||
|
Coral-U.S. Co-Borrower, LLC, Senior Secured First Lien Term Loan 2.428% (1 Month LIBOR USD + 2.25%), 01/31/2028 (a)
|
585,000
|
557,397
|
||||||
|
Flexential Intermediate Corp., Senior Secured First Lien Term Loan 3.808% (3 Month LIBOR USD + 3.50%), 08/01/2024 (a)
|
764,367
|
618,181
|
||||||
|
Hargray Communications Group, Inc., Senior Secured First Lien Term Loan 4.00% (1 Month LIBOR USD + 3.00%, 1.000% Floor),
05/16/2024 (a)
|
790,550
|
760,213
|
||||||
|
LCPR Loan Financing, LLC, Senior Secured First Lien Term Loan 5.185% (1 Month LIBOR USD + 5.00%), 10/15/2026 (a)
|
535,000
|
532,325
|
||||||
|
Masergy Holdings, Inc., Senior Secured First Lien Term Loan 4.25% (1 Month LIBOR USD + 3.25%, 1.000% Floor), 12/15/2023 (a)
|
482,408
|
464,771
|
||||||
|
Maxar Technologies, Ltd., Senior Secured First Lien Term Loan 2.93% (1 Month LIBOR USD + 2.75%), 10/04/2024 (a)
|
1,025,786
|
964,561
|
||||||
|
Midcontinent Communications, Senior Secured First Lien Term Loan 1.934% (1 Month LIBOR USD + 1.75%), 08/17/2026 (a)
|
590,538
|
566,916
|
||||||
|
MTN Infrastructure TopCo, Inc., Senior Secured First Lien Term Loan 4.00% (1 Month LIBOR USD + 3.00%, 1.000% Floor), 11/15/2024
(a)
|
439,875
|
422,625
|
||||||
|
Northwest Fiber, LLC, Senior Secured First Lien Term Loan 5.674% (3 Month LIBOR USD + 5.50%), 05/21/2027 (a)
|
627,000
|
623,865
|
||||||
|
Numericable U.S., LLC, Senior Secured First Lien Term Loan 4.185% (1 Month LIBOR USD + 4.00%), 08/14/2026 (a)
|
364,450
|
351,889
|
||||||
|
Telesat Canada, Senior Secured First Lien Term Loan 2.93% (1 Month LIBOR USD + 2.75%), 12/07/2026 (a)
|
358,200
|
345,514
|
||||||
|
UPC Financing Partnership, Senior Secured First Lien Term Loan 2.435% (1 Month LIBOR USD + 2.25%), 04/28/2028 (a)
|
765,000
|
731,853
|
||||||
|
Virgin Media Bristol, LLC, Senior Secured First Lien Term Loan 2.685% (1 Month LIBOR USD + 2.50%), 01/31/2028 (a)
|
1,035,000
|
991,142
|
||||||
|
Xplornet Communications, Inc., Senior Secured First Lien Term Loan 4.928% (1 Month LIBOR USD + 4.75%), 06/10/2027 (a)
|
459,000
|
439,952
|
||||||
|
Zayo Group Holdings, Inc., Senior Secured First Lien Term Loan 3.178% (1 Month LIBOR USD + 3.00%), 03/09/2027 (a)
|
1,386,525
|
1,320,596
|
||||||
|
Ziggo Financing Partnership, Senior Secured First Lien Term Loan 2.685% (1 Month LIBOR USD + 2.50%), 04/28/2028 (a)
|
845,000
|
800,287
|
||||||
|
13,630,343
|
||||||||
|
TELECOMMUNICATION SERVICES - WIRELESS - 0.28%
|
||||||||
|
T-Mobile U.S.A., Inc., Senior Secured First Lien Term Loan 3.178% (1 Month LIBOR USD + 3.00%), 04/01/2027 (a)
|
605,000
|
604,725
|
||||||
|
THRIFTS & MORTGAGES - 0.14%
|
||||||||
|
PHH Mortgage Corp., Senior Secured First Lien Term Loan 7.00% (1 Month LIBOR USD + 6.00%, 1.000% Floor), 05/16/2022 (a)
|
325,754
|
304,580
|
||||||
|
TRANSPORTATION - 0.33%
|
||||||||
|
PODS, LLC, Senior Secured First Lien Term Loan 3.75% (1 Month LIBOR USD + 2.75%, 1.000% Floor), 12/06/2024 (a)
|
747,692
|
719,422
|
||||||
|
UTILITIES - POWER - 0.79%
|
||||||||
|
Calpine Construction Finance Co., L.P., Senior Secured First Lien Term Loan 2.178% (1 Month LIBOR USD + 2.00%), 01/15/2025 (a)
|
855,159
|
825,764
|
||||||
|
Frontera Generation Holdings, LLC, Senior Secured First Lien Term Loan 5.385% (3 Month LIBOR USD + 4.25%, 1.000% Floor),
05/02/2025 (a)
|
617,400
|
383,405
|
||||||
|
Lightstone Holdco, LLC
|
||||||||
|
Senior Secured First Lien Term Loan 4.75% (3 Month LIBOR USD + 3.75%, 1.000% Floor), 01/30/2024 (a)
|
558,304
|
477,841
|
||||||
|
Senior Secured First Lien Term Loan 4.75% (3 Month LIBOR USD + 3.75%, 1.000% Floor), 01/30/2024 (a)
|
31,489
|
26,951
|
||||||
|
1,713,961
|
||||||||
|
TOTAL BANK LOANS (Cost $197,572,224)
|
184,955,017
|
|||||||
|
CORPORATE BONDS - 10.79% (f)
|
||||||||
|
AEROSPACE & DEFENSE - 0.40%
|
||||||||
|
Bombardier, Inc. 6.00%, 10/15/2022 (c)(g)
|
344,000
|
243,363
|
||||||
|
Moog, Inc. 4.25%, 12/15/2027 (g)
|
640,000
|
622,400
|
||||||
|
865,763
|
||||||||
|
AUTOMOTIVE - 0.50%
|
||||||||
|
Ford Motor Co.
|
||||||||
|
8.50%, 04/21/2023
|
515,000
|
545,578
|
||||||
|
9.00%, 04/22/2025
|
505,000
|
547,458
|
||||||
|
1,093,036
|
||||||||
|
BUILDING PRODUCTS - 0.48%
|
||||||||
|
WESCO Distribution, Inc.
|
||||||||
|
7.125%, 06/15/2025 (g)
|
490,000
|
517,259
|
||||||
|
7.25%, 06/15/2028 (g)
|
490,000
|
519,400
|
||||||
|
1,036,659
|
||||||||
|
CASINOS & GAMING - 1.62%
|
||||||||
|
Boyd Gaming Corp.
|
||||||||
|
8.625%, 06/01/2025 (g)
|
245,000
|
256,484
|
||||||
|
4.75%, 12/01/2027 (g)
|
610,000
|
525,918
|
||||||
|
Colt Merger Sub, Inc. 6.25%, 07/01/2025 (g)
|
560,000
|
557,900
|
||||||
|
Eldorado Resorts, Inc. 7.00%, 08/01/2023
|
575,000
|
595,783
|
||||||
|
VICI Properties, L.P. / VICI Note Co., Inc.
|
||||||||
|
3.50%, 02/15/2025 (g)
|
1,145,000
|
1,078,985
|
||||||
|
3.75%, 02/15/2027 (g)
|
525,000
|
494,403
|
||||||
|
3,509,473
|
||||||||
|
COMMERCIAL SERVICES - 0.84%
|
||||||||
|
Garda World Security Corp. 4.625%, 02/15/2027 (c)(g)
|
1,200,000
|
1,185,750
|
||||||
|
Tempo Acquisition, LLC / Tempo Acquisition Finance Corp. 5.75%, 06/01/2025 (g)
|
625,000
|
643,359
|
||||||
|
1,829,109
|
||||||||
|
ENVIRONMENTAL SERVICES - 0.26%
|
||||||||
|
GFL Environmental, Inc. 7.00%, 06/01/2026 (c)(g)
|
250,000
|
259,640
|
||||||
|
Stericycle, Inc. 5.375%, 07/15/2024 (g)
|
295,000
|
303,113
|
||||||
|
562,753
|
|
FOOD & DRUG RETAIL - 0.22%
|
||||||||
|
U.S. Foods, Inc. 6.25%, 04/15/2025 (g)
|
465,000
|
475,172
|
||||||
|
HEALTH CARE EQUIPMENT & SUPPLIES - 0.27%
|
||||||||
|
Change Healthcare Holdings, LLC / Change Healthcare Finance, Inc. 5.75%, 03/01/2025 (g)
|
590,000
|
583,994
|
||||||
|
HEALTH CARE FACILITIES - 0.65%
|
||||||||
|
LifePoint Health, Inc. 4.375%, 02/15/2027 (g)
|
370,000
|
350,575
|
||||||
|
Tenet Healthcare Corp.
|
||||||||
|
7.50%, 04/01/2025 (g)
|
189,000
|
201,876
|
||||||
|
5.125%, 05/01/2025
|
555,000
|
536,246
|
||||||
|
4.625%, 06/15/2028 (g)
|
325,000
|
317,428
|
||||||
|
1,406,125
|
||||||||
|
HOTEL & LEISURE - 0.72%
|
||||||||
|
Hilton Domestic Operating Co., Inc.
|
||||||||
|
5.375%, 05/01/2025 (g)
|
155,000
|
155,678
|
||||||
|
5.75%, 05/01/2028 (g)
|
155,000
|
157,228
|
||||||
|
Hyatt Hotels Corp. 5.375%, 04/23/2025
|
285,000
|
302,318
|
||||||
|
NCL Corp., Ltd. 3.625%, 12/15/2024 (c)(g)
|
720,000
|
441,900
|
||||||
|
Wyndham Destinations, Inc. 4.625%, 03/01/2030 (g)
|
560,000
|
516,163
|
||||||
|
1,573,287
|
||||||||
|
LIFE SCIENCES - 0.31%
|
||||||||
|
Avantor, Inc. 6.00%, 10/01/2024 (g)
|
650,000
|
679,900
|
||||||
|
MANAGED HEALTH CARE - 0.24%
|
||||||||
|
MPH Acquisition Holdings, LLC 7.125%, 06/01/2024 (g)
|
550,000
|
513,554
|
||||||
|
MEDIA - BROADCASTING - 0.43%
|
||||||||
|
Cumulus Media New Holdings, Inc. 6.75%, 07/01/2026 (g)
|
485,000
|
448,851
|
||||||
|
Univision Communications, Inc. 6.625%, 06/01/2027 (g)
|
515,000
|
493,756
|
||||||
|
942,607
|
||||||||
|
MEDIA - CABLE & SATELLITE - 1.10%
|
||||||||
|
Block Communications, Inc. 4.875%, 03/01/2028 (g)
|
535,000
|
529,722
|
||||||
|
DISH DBS Corp.
|
||||||||
|
6.75%, 06/01/2021
|
365,000
|
372,446
|
||||||
|
5.875%, 07/15/2022
|
1,450,000
|
1,477,585
|
||||||
|
2,379,753
|
||||||||
|
MEDIA - DIVERSIFIED - 0.30%
|
||||||||
|
Match Group, Inc. 4.625%, 06/01/2028 (g)
|
640,000
|
648,400
|
||||||
|
PHARMACEUTICALS & BIOTECHNOLOGY - 0.37%
|
||||||||
|
Bausch Health Cos., Inc. 5.50%, 11/01/2025 (c)(g)
|
775,000
|
795,150
|
||||||
|
REITs - 0.31%
|
||||||||
|
GEO Group, Inc. 5.125%, 04/01/2023
|
780,000
|
677,138
|
||||||
|
RETAILING - 0.27%
|
||||||||
|
QVC, Inc.
|
||||||||
|
4.85%, 04/01/2024
|
255,000
|
257,958
|
||||||
|
4.75%, 02/15/2027
|
350,000
|
339,981
|
||||||
|
597,939
|
||||||||
|
SOFTWARE & SERVICES - 0.38%
|
||||||||
|
Boxer Parent Co., Inc. 7.125%, 10/02/2025 (g)
|
385,000
|
404,394
|
||||||
|
Presidio Holdings, Inc. 4.875%, 02/01/2027 (g)
|
425,000
|
416,169
|
||||||
|
820,563
|
||||||||
|
TECHNOLOGY HARDWARE - 0.12%
|
||||||||
|
Dell International, LLC / EMC Corp. 5.85%, 07/15/2025 (g)
|
220,000
|
253,155
|
||||||
|
TELECOMMUNICATION SERVICES - DIVERSIFIED - 1.00%
|
||||||||
|
CenturyLink, Inc. 6.75%, 12/01/2023
|
625,000
|
673,372
|
||||||
|
Hughes Satellite Systems Corp.
|
||||||||
|
5.25%, 08/01/2026
|
975,000
|
1,011,816
|
||||||
|
6.625%, 08/01/2026
|
472,000
|
491,560
|
||||||
|
2,176,748
|
||||||||
|
TOTAL CORPORATE BONDS (Cost $23,946,363)
|
23,420,278
|
|||||||
| Shares |
||||||||
|
EQUITIES - 0.02%
|
|
|||||||
|
MEDIA - BROADCASTING - 0.02%
|
||||||||
|
Cumulus Media, Inc. (b)
|
8,437
|
33,326
|
||||||
|
MEDIA - DIVERSIFIED - 0.00%
|
||||||||
|
Pacifico, Inc. (b)(e)
|
2,592
|
233
|
||||||
|
OIL & GAS STORAGE & TRANSPORT - 0.00%
|
||||||||
|
Southcross Energy Partners, L.P. (b)
|
63
|
–
|
||||||
|
Southcross Energy Partners, L.P.
|
63
|
536
|
||||||
|
536
|
||||||||
|
TOTAL EQUITIES (Cost $192,911)
|
34,095
|
|||||||
|
|
||||||||
|
MONEY MARKET FUND - 3.88%
|
||||||||
|
First American Government Obligations Fund - Class X, 0.09% (d)
|
8,421,040
|
8,421,040
|
||||||
|
TOTAL MONEY MARKET FUND (Cost $8,421,040)
|
8,421,040
|
|||||||
|
Total Investments (Cost $230,132,538) - 99.88%
|
216,830,430
|
|||||||
|
Other Assets in Excess of Liabilities - 0.12%
|
268,116
|
|||||||
|
TOTAL NET ASSETS - 100.00%
|
$
|
217,098,546
|
||||||
|
Percentages are stated as a percent of net assets.
|
|||||
|
LIBOR
|
London Interbank Offered Rate
|
||||
|
PLC
|
Public Limited Company
|
||||
|
REIT
|
Real Estate Investment Trust
|
||||
|
(a)
|
Variable rate securities. The coupon rate shown is the effective interest rate as of June 30, 2020.
|
||||
|
(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 June 30, 2020.
|
||||
|
(e)
|
Value determined using significant unobservable inputs.
|
||||
|
(f)
|
All or a portion is posted as collateral for delayed settlement securities.
|
||||
|
(g)
|
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 June 30, 2020, the value of these investments was
|
|||||
|
$15,591,039 or 7.18% of total net assets.
|
|||||
|
(h)
|
Variable rate security. Final terms of the bank loan are not yet known, so reference index and spread
|
|
|
|
|
|
|
information may not be presented.
|
|
|
|
|
|
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 June 30, 2020 (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 Funds’ 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.
|
|||||||||
|
Shenkman Capital Floating Rate High Income Fund
|
||||||||||||||||
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|||||||||||||
|
Fixed Income
|
||||||||||||||||
|
Bank Loans
|
$
|
-
|
$
|
184,955,017
|
$
|
-
|
$
|
184,955,017
|
||||||||
|
Corporate Bonds
|
-
|
23,420,278
|
-
|
23,420,278
|
||||||||||||
|
Total Fixed Income
|
-
|
208,375,295
|
-
|
208,375,295
|
||||||||||||
|
Equities
|
||||||||||||||||
|
Information
|
33,326
|
-
|
233
|
33,559
|
||||||||||||
|
Mining, Quarrying, and Oil and Gas Extraction
|
-
|
536
|
-
|
536
|
||||||||||||
|
Total Equities
|
33,326
|
536
|
233
|
34,095
|
||||||||||||
|
Money Market Fund
|
8,421,040
|
-
|
-
|
8,421,040
|
||||||||||||
|
Total Investments
|
$
|
8,454,366
|
$
|
208,375,831
|
$
|
233
|
$
|
216,830,430
|
||||||||
|
Refer to the Fund's schedule of investments for a detailed break-out of holdings by industry classification.
|
||||||||||||||||
|
For the period ended June 30, 2020, the Fund did not recognize any transfers to or from Level 3.
|
||||||||||||||||
|
Shenkman Capital Floating Rate High Income Fund
|
||||||||||||
|
Level 3 Reconciliation Disclosure
|
||||||||||||
|
Equities
|
Warrants
|
Total
|
||||||||||
|
Balance as of September 30, 2019
|
$
|
42,793
|
$
|
13,268
|
$
|
56,061
|
||||||
|
Sales
|
(7,192
|
)
|
(1,287
|
)
|
(8,479
|
)
|
||||||
|
Realized loss
|
(32,795
|
)
|
(2,385
|
)
|
(35,180
|
)
|
||||||
|
Change in unrealized appreciation
|
(2,573
|
)
|
(9,596
|
)
|
(12,169
|
)
|
||||||
|
Balance as of June 30, 2020
|
$
|
233
|
$
|
-
|
$
|
233
|
||||||
|
Change in unrealized appreciation/(depreciation) during the period for
|
||||||||||||
|
Level 3 investments held at June 30, 2020
|
$
|
(2,573
|
)
|
|||||||||
|
The Level 3 investments as of June 30, 2020 represented 0.00% of net assets and did not warrant a disclosure of significant unobservable valuation inputs.
|
||||||||||||