N-Q 1 d299215.htm N-Q

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM N-Q

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

 

Investment Company Act file number:                     811-21779

 

JOHN HANCOCK FUNDS II

 

(Exact name of registrant as specified in charter)

 

601 CONGRESS STREET, BOSTON, MA 02210

 

(Address of principal executive offices) (Zip code)

 

SALVATORE SCHIAVONE, 601 CONGRESS STREET, BOSTON, MA 02210

  

(Name and address of agent for service)

 

 

Registrant’s telephone number, including area code: 617-663-4497

 

 

Date of fiscal year end: August 31

Date of reporting period: November 30, 2015

 

 

 



 

Item 1. Schedule of Investments.

 

 

 

 

 

 



John Hancock

Floating Rate Income Fund


Quarterly portfolio holdings 11/30/15

jhnq_logo.jpg


Fund's investmentsFloating Rate Income Fund



                                                           
  As of 11-30-15 (unaudited)  
        Rate (% )    Maturity date     Par value^     Value  
  Term loans (M) 86.2%     $2,327,225,270  
  (Cost $2,576,958,486)  
  Consumer discretionary 27.8%     749,000,183  
  Auto components 0.4%  
  CS Intermediate Holdco 2 LLC     4.000     04-04-21     9,406,473     9,277,126  
  INA Beteiligungsgesellschaft mbH     4.250     05-15-20     2,638,749     2,643,697  
  Automobiles 0.5%  
  FCA US LLC     3.500     05-24-17     5,276,764     5,260,274  
  FCA US LLC     3.250     12-31-18     7,771,451     7,720,937  
  Commercial services and supplies 0.0%  
  USAGM HoldCo LLC     4.750     07-28-22     1,030,000     988,800  
  Diversified consumer services 3.2%  
  Ascent Capital Group, Inc.     4.250     03-23-18     6,251,315     6,177,080  
  Ascent Capital Group, Inc.     4.500     04-02-22     11,638,251     11,318,199  
  BakerCorp International, Inc.     4.250     02-14-20     19,371,951     17,434,756  
  Laureate Education, Inc.     5.000     06-15-18     29,677,157     25,411,066  
  The ServiceMaster Company LLC     4.250     07-01-21     26,002,986     25,827,465  
  Hotels, restaurants and leisure 9.3%  
  Aristocrat International Pty, Ltd.     4.750     10-20-21     22,249,769     22,166,333  
  Boyd Gaming Corp.     4.000     08-14-20     4,273,069     4,247,029  
  Caesars Entertainment Resort Properties LLC     7.000     10-11-20     17,724,300     16,575,907  
  Caesars Growth Properties Holdings LLC     6.250     05-08-21     6,301,997     5,566,762  
  CCM Merger, Inc.     4.500     08-08-21     12,737,223     12,665,576  
  CityCenter Holdings LLC     4.250     10-16-20     11,028,878     10,953,055  
  Equinox Holdings, Inc.     5.000     01-31-20     19,009,528     19,001,601  
  Equinox Holdings, Inc.     9.750     07-31-20     8,520,000     8,598,103  
  Fitness International LLC     5.500     07-01-20     18,792,125     17,805,538  
  Four Seasons Holdings, Inc.     3.500     06-27-20     7,549,042     7,451,531  
  Hilton Worldwide Finance LLC     3.500     10-26-20     15,203,237     15,129,335  
  La Quinta Intermediate Holdings LLC     3.750     04-14-21     10,053,048     9,880,267  
  Landry's, Inc.     4.000     04-24-18     16,074,451     16,049,343  
  Life Time Fitness, Inc.     4.250     06-10-22     8,718,150     8,554,685  
  MGM Resorts International     3.500     12-20-19     14,623,723     14,528,669  
  Mohegan Tribal Gaming Authority     5.500     06-15-18     19,767,813     19,405,409  
  New Red Finance, Inc.     3.750     12-12-21     15,465,493     15,399,208  
  Norwegian Cruise Line Holdings, Ltd.     4.000     11-19-21     5,428,975     5,404,094  
  QCE LLC, PIK     15.000     07-01-19     7,434,847     855,007  
  Station Casinos LLC     4.250     03-02-20     8,838,186     8,757,166  
  World Endurance Holdings     5.250     06-26-21     11,030,994     10,948,261  
  Household durables 0.2%  
  Libbey Glass, Inc.     3.750     04-09-21     4,000,672     3,953,996  
  Household products 0.4%  
  KIK Custom Products, Inc.     6.000     08-26-22     10,088,500     9,971,857  
  Internet and catalog retail 0.3%  
  Spencer Gifts LLC     5.250     06-29-22     6,994,850     6,868,068  
  Media 6.8%  
  Acosta, Inc.     4.250     09-26-21     8,038,906     7,697,252  
  Altice Financing SA     5.250     02-04-22     6,044,850     6,007,070  
  Altice Financing SA     5.500     07-02-19     7,103,848     7,078,985  
  CCO Safari III LLC     3.500     01-24-23     11,040,000     10,972,722  
  Checkout Holding Corp.     4.500     04-09-21     8,877,625     7,501,593  

2SEE NOTES TO FUND'S INVESTMENTS

Floating Rate Income Fund

                                                           
        Rate (% )    Maturity date     Par value^     Value  
  Consumer discretionary  (continued)        
  Media  (continued)  
  Crossmark Holdings, Inc.     4.500     12-20-19     9,023,680     $6,677,523  
  CSC Holdings LLC     2.732     04-17-20     9,224,302     9,178,180  
  MediArena Acquisition BV     6.750     08-13-21     12,919,500     12,079,732  
  MediArena Acquisition BV     10.000     08-13-22     2,550,000     2,065,500  
  NEP Broadcasting LLC     4.250     01-22-20     24,160,552     22,590,116  
  Neptune Finco Corp.     5.000     10-09-22     27,440,000     27,371,400  
  Numericable US LLC     4.500     05-21-20     19,985,178     19,560,493  
  RentPath, Inc.     6.250     12-17-21     7,940,000     6,907,800  
  TWCC Holding Corp.     5.750     02-11-20     4,030,881     4,025,843  
  Univision Communications, Inc.     4.000     03-01-20     28,521,851     28,116,816  
  UPC Financing Partnership     3.250     06-30-21     6,841,186     6,742,844  
  Multiline retail 0.9%  
  Dollar Tree, Inc.     3.500     07-06-22     10,943,724     10,893,569  
  Dollar Tree, Inc.     4.250     07-06-22     6,730,000     6,681,631  
  Neiman Marcus Group, Ltd. LLC     4.250     10-25-20     6,458,328     6,036,115  
  Specialty retail 5.6%  
  Academy, Ltd.     5.000     07-01-22     22,521,682     21,376,838  
  Allflex Holdings III, Inc.     4.250     07-17-20     7,070,346     6,961,343  
  Allflex Holdings III, Inc.     8.000     07-19-21     14,480,000     14,202,462  
  Bass Pro Group LLC     4.000     06-05-20     7,979,420     7,460,757  
  CWGS Group LLC     5.250     02-20-20     31,342,412     31,009,398  
  J Crew Group, Inc.     4.000     03-05-21     24,522,775     15,380,390  
  Michaels Stores, Inc.     3.750     01-28-20     10,839,478     10,720,243  
  Michaels Stores, Inc.     4.000     01-28-20     2,751,175     2,729,394  
  Petco Animal Supplies, Inc.     4.000     11-24-17     8,901,053     8,872,445  
  PetSmart, Inc.     4.250     03-11-22     18,218,450     17,892,795  
  Staples, Inc. (T)     TBD     04-07-21     9,190,000     9,064,915  
  TOMS Shoes LLC     6.500     10-28-20     9,313,200     6,674,463  
  Textiles, apparel and luxury goods 0.2%  
  Kate Spade & Company     4.000     04-10-21     5,867,725     5,673,356  
  Consumer staples 5.7%     152,583,154  
  Food and staples retailing 2.6%  
  AdvancePierre Foods, Inc.     5.750     07-10-17     2,091,013     2,086,831  
  AdvancePierre Foods, Inc.     9.500     10-10-17     17,916,000     17,692,050  
  Aramark Services, Inc.     1.847     07-26-16     117,779     116,601  
  Aramark Services, Inc.     1.850     07-26-16     31,704     31,387  
  Aramark Services, Inc.     3.250     02-24-21     8,521,965     8,465,149  
  CSM Bakery Solutions LLC     5.000     07-03-20     17,276,661     16,978,639  
  CSM Bakery Solutions LLC     8.750     07-03-21     17,920,000     16,889,600  
  Hearthside Group Holdings LLC     4.500     06-02-21     7,601,250     7,534,549  
  Food products 2.2%  
  Candy Intermediate Holdings, Inc.     7.500     06-18-18     23,167,256     23,109,337  
  Dole Food Company, Inc.     4.500     11-01-18     9,827,211     9,786,261  
  Shearer's Foods LLC     4.500     06-30-21     5,850,900     5,763,137  
  Shearer's Foods LLC     7.750     06-30-22     6,860,000     6,517,000  
  The Brickman Group, Ltd. LLC     4.000     12-18-20     14,002,440     13,627,091  
  Household products 0.9%  
  Anchor Hocking LLC     10.000     06-04-18     3,506,931     3,445,559  
  Jarden Corp.     2.982     07-30-22     2,470,000     2,465,369  
  The Sun Products Corp.     5.500     03-23-20     19,042,585     18,074,594  

SEE NOTES TO FUND'S INVESTMENTS 3

Floating Rate Income Fund

                                                           
        Rate (% )    Maturity date     Par value^     Value  
  Energy 8.5%     $230,058,517  
  Energy equipment and services 2.6%  
  Expro Finservices SARL     5.750     09-02-21     23,984,400     18,063,251  
  Hercules Offshore, Inc.     10.500     05-06-20     12,828,619     10,711,897  
  KCA DEUTAG Alpha, Ltd.     6.250     05-15-20     22,287,000     17,160,990  
  Key Energy Services, Inc.     10.250     06-01-20     5,137,125     4,572,041  
  Pacific Drilling SA     4.500     06-03-18     25,673,786     14,334,522  
  Paragon Offshore Finance Company     3.750     07-18-21     15,960,780     5,426,665  
  Independent power and renewable electricity producers 0.2%  
  Terra-Gen Finance Company LLC     5.250     12-09-21     6,153,573     5,876,662  
  Oil, gas and consumable fuels 5.7%  
  Bowie Resource Holdings LLC     6.750     08-14-20     10,812,046     10,501,200  
  EP Energy LLC     3.500     05-24-18     11,666,667     10,500,000  
  Foresight Energy LLC     5.500     08-19-20     4,898,350     4,261,565  
  FTS International, Inc.     5.750     04-16-21     6,137,273     1,772,138  
  HFOTCO LLC     4.250     08-19-21     16,800,300     15,792,282  
  Magnum Hunter Resources Corp.     4.200     12-31-15     290,000     188,500  
  Magnum Hunter Resources Corp.     9.750     10-22-19     9,755,460     6,341,049  
  MEG Energy Corp.     3.750     03-31-20     11,300,000     10,571,557  
  Murray Energy Corp.     7.000     04-16-17     10,662,450     8,316,711  
  Murray Energy Corp.     7.500     04-16-20     42,440,585     28,488,243  
  Oxbow Carbon & Minerals LLC     8.000     01-17-20     7,510,000     6,571,250  
  Panda Temple Power II LLC     7.250     04-03-19     6,500,970     5,753,359  
  Panda Temple Power LLC     7.250     03-04-22     17,492,100     15,742,890  
  Quicksilver Resources, Inc. (H)     7.000     06-21-19     25,047,929     6,261,982  
  Samson Investment Company (H)     5.000     09-25-18     23,550,000     1,000,875  
  Southcross Energy Partners LP     5.250     08-04-21     2,662,117     2,229,523  
  TPF II Power LLC     5.500     10-02-21     13,774,540     13,622,441  
  Westmoreland Coal Company     7.500     12-16-20     9,155,609     5,996,924  
  Financials 5.2%     140,815,841  
  Banks 0.6%  
  Flying Fortress, Inc.     3.500     04-30-20     17,309,166     17,244,257  
  Capital markets 1.7%  
  BATS Global Markets Holdings, Inc.     5.750     01-31-20     2,084,060     2,086,665  
  CEC Entertainment, Inc.     4.250     02-14-21     16,720,497     15,779,969  
  Gimv NV     4.250     05-08-20     8,119,959     6,739,566  
  Infinity Acquisition LLC     4.000     08-06-21     7,430,292     7,170,232  
  Party City Holdings, Inc.     4.250     08-19-22     13,676,483     13,368,762  
  Diversified financial services 1.3%  
  Delos Finance SARL     3.500     03-06-21     11,770,000     11,711,150  
  McGraw-Hill Global Education Holdings LLC     4.750     03-22-19     9,556,941     9,544,995  
  PGX Holdings, Inc. (S)     5.750     09-29-20     2,207,448     2,185,374  
  TransUnion LLC     3.500     04-09-21     13,561,560     13,256,425  
  Real estate investment trusts 0.7%  
  Lineage Logistics LLC     4.500     04-07-21     19,682,144     18,009,161  
  Real estate management and development 0.9%  
  Realogy Group LLC     2.223     10-10-16     1,008,089     992,968  
  Realogy Group LLC     3.750     03-05-20     22,804,696     22,726,317  
  Health care 10.2%     276,621,197  
  Health care equipment and supplies 3.0%  
  Air Medical Group Holdings, Inc.     4.500     04-28-22     17,017,350     16,627,363  

4SEE NOTES TO FUND'S INVESTMENTS

Floating Rate Income Fund

                                                           
        Rate (% )    Maturity date     Par value^     Value  
  Health care  (continued)        
  Health care equipment and supplies  (continued)  
  ConvaTec, Inc.     4.250     06-15-20     10,258,951     $10,169,185  
  Curo Health Services Holdings, Inc.     6.500     02-07-22     15,591,650     15,526,680  
  DJO Finance LLC     4.250     06-08-20     10,144,575     9,857,149  
  Greatbatch Inc     5.250     10-27-22     13,350,000     13,262,397  
  Hill-rom Holdings Inc     3.500     09-08-22     4,416,750     4,405,708  
  Sterigenics-Nordion Holdings LLC     4.250     05-15-22     10,730,000     10,569,050  
  Health care providers and services 4.0%  
  Acadia Healthcare Company, Inc.     4.250     02-11-22     7,136,075     7,161,051  
  Catalent Pharma Solutions, Inc.     4.250     05-20-21     6,171,692     6,096,089  
  DaVita HealthCare Partners, Inc.     3.500     06-24-21     7,297,947     7,261,457  
  Envision Healthcare Corp.     4.250     05-25-18     14,863,177     14,807,440  
  Lantheus Medical Imaging, Inc.     7.000     06-30-22     17,466,225     15,719,603  
  MPH Acquisition Holdings LLC     3.750     03-31-21     13,643,099     13,264,503  
  Radnet Management, Inc.     4.284     10-10-18     15,334,646     15,210,052  
  Radnet Management, Inc.     8.000     03-25-21     20,030,000     19,228,800  
  Team Health Holdings, Inc. (T)     TBD     11-06-22     9,110,000     9,087,225  
  Pharmaceuticals 3.2%  
  Akorn, Inc.     6.000     04-16-21     15,537,417     14,838,234  
  DPx Holdings BV     4.250     03-11-21     26,026,019     25,349,342  
  Endo Luxembourg Finance I Company SARL     3.750     09-26-22     7,007,500     6,870,272  
  Pharmaceutical Product Development LLC     4.250     08-18-22     14,311,756     13,922,662  
  Valeant Pharmaceuticals International, Inc.     4.000     04-01-22     29,049,188     27,386,935  
  Industrials 12.0%     322,663,000  
  Aerospace and defense 1.1%  
  B/E Aerospace, Inc.     4.000     12-16-21     5,554,545     5,547,602  
  WP CPP Holdings LLC     4.500     12-28-19     19,304,801     18,790,000  
  WP CPP Holdings LLC     8.750     04-30-21     5,481,525     5,152,634  
  Air freight and logistics 1.3%  
  Syncreon Group BV     5.250     10-28-20     26,238,486     21,078,242  
  XPO Logistics, Inc.     5.500     11-01-21     15,340,000     15,269,697  
  Airlines 1.9%  
  American Airlines, Inc.     3.250     06-26-20     20,625,366     20,380,440  
  Delta Air Lines, Inc.     3.250     08-24-22     6,030,000     6,021,208  
  United Airlines, Inc.     3.250     04-01-19     6,162,147     6,112,080  
  US Airways, Inc.     3.500     05-23-19     17,699,739     17,550,406  
  Building products 0.8%  
  GYP Holdings III Corp.     4.750     04-01-21     13,538,710     13,098,702  
  PGT, Inc.     5.250     09-22-21     8,078,400     8,051,475  
  Commercial services and supplies 1.6%  
  Access CIG LLC     6.000     10-18-21     8,192,223     8,151,262  
  Nord Anglia Education Finance LLC     5.000     03-31-21     13,734,100     13,493,753  
  SRS Distribution, Inc.     5.250     08-25-22     6,615,795     6,566,176  
  Waste Industries USA, Inc.     4.250     02-27-20     14,925,000     14,906,344  
  Electrical equipment 0.6%  
  Generac Power Systems, Inc.     3.500     05-31-20     14,468,658     14,179,285  
  Southwire Company     3.000     02-10-21     3,058,956     2,990,129  
  Industrial conglomerates 0.2%  
  LS Deco LLC     5.500     05-21-22     5,223,750     5,197,631  

SEE NOTES TO FUND'S INVESTMENTS 5

Floating Rate Income Fund

                                                           
        Rate (% )    Maturity date     Par value^     Value  
  Industrials  (continued)        
  Machinery 2.8%  
  CPM Holdings, Inc.     6.000     04-11-22     2,092,875     $2,082,411  
  Gardner Denver, Inc.     4.250     07-30-20     13,659,489     12,457,454  
  Gates Global LLC     4.250     07-05-21     16,135,932     14,885,397  
  Intelligrated, Inc.     4.503     07-30-18     11,614,381     11,338,539  
  Mirror BidCo Corp.     4.250     12-28-19     14,199,299     14,057,306  
  Phibro Animal Health Corp.     4.000     04-16-21     16,332,914     16,057,297  
  Xerium Technologies, Inc.     6.250     05-17-19     4,366,611     4,355,695  
  Marine 0.5%  
  American Commercial Lines LLC     9.750     11-06-20     15,230,000     14,620,800  
  Road and rail 0.6%  
  The Hertz Corp.     3.000     03-11-18     15,231,550     15,009,428  
  Trading companies and distributors 0.4%  
  American Builders & Contractors Supply Company, Inc.     3.500     04-16-20     10,164,682     10,088,447  
  Transportation infrastructure 0.2%  
  Atlantic Aviation FBO, Inc.     3.250     06-01-20     5,223,214     5,173,160  
  Information technology 4.6%     123,347,543  
  Electronic equipment, instruments and components 0.1%  
  Zebra Technologies Corp.     4.750     10-27-21     2,828,451     2,835,081  
  Internet software and services 0.3%  
  Match Group, Inc.     5.500     11-06-22     7,160,000     7,097,350  
  IT services 1.1%  
  First Data Corp.     3.712     03-24-18     19,291,450     19,098,536  
  First Data Corp.     3.712     09-24-18     8,500,000     8,410,750  
  First Data Corp.     4.212     03-24-21     2,840,000     2,828,336  
  Software 1.9%  
  Activision Blizzard, Inc.     3.250     10-12-20     6,736,200     6,737,210  
  Kronos, Inc.     4.500     10-30-19     15,018,548     14,915,296  
  Kronos, Inc.     9.750     04-30-20     18,117,439     18,287,290  
  Sophia LP     4.750     09-30-22     11,350,000     11,234,139  
  Technology hardware, storage and peripherals 1.2%  
  CompuCom Systems, Inc.     4.250     05-11-20     34,292,319     23,661,700  
  Eastman Kodak Company     7.250     09-03-19     8,942,335     8,241,855  
  Materials 4.3%     117,112,435  
  Containers and packaging 2.9%  
  Berry Plastics Corp.     4.000     10-01-22     14,150,000     14,056,256  
  BWAY Holding Company     5.500     08-14-20     19,829,811     19,241,124  
  Consolidated Container Company LLC     5.000     07-03-19     8,746,583     8,101,522  
  Consolidated Container Company LLC     7.750     01-03-20     7,400,000     6,290,000  
  Hilex Poly Company LLC     6.000     12-05-21     12,763,550     12,721,009  
  Hilex Poly Company LLC     9.750     05-22-22     10,190,000     10,024,413  
  Printpack Holdings, Inc.     6.000     05-28-20     7,514,875     7,496,088  
  Metals and mining 0.5%  
  Atlas Iron, Ltd.     8.750     12-10-17     19,215,427     4,803,857  
  Essar Steel Algoma, Inc. (H)     7.500     08-09-19     7,974,450     1,873,996  
  Fairmount Santrol, Ltd.     4.500     09-05-19     2,173,579     1,173,733  
  FMG Resources August 2006 Pty, Ltd.     4.250     06-30-19     8,974,989     7,317,820  
  Paper and forest products 0.9%  
  Coveris Holdings SA     4.500     05-08-19     5,469,516     5,414,821  

6SEE NOTES TO FUND'S INVESTMENTS

Floating Rate Income Fund

                                                           
        Rate (% )    Maturity date     Par value^     Value  
  Materials  (continued)        
  Paper and forest products  (continued)  
  NewPage Corp.     9.500     02-11-21     32,389,320     $11,660,155  
  Wausau Paper Corp.     6.500     07-30-20     6,955,029     6,937,641  
  Telecommunication services 3.5%     95,644,622  
  Diversified telecommunication services 2.6%  
  Communications Sales & Leasing, Inc.     5.000     10-24-22     11,837,825     11,027,680  
  Intelsat Jackson Holdings SA     3.750     06-30-19     15,814,117     14,766,432  
  Level 3 Financing, Inc.     3.500     05-31-22     4,910,000     4,864,583  
  Level 3 Financing, Inc.     4.000     01-15-20     8,050,000     8,035,913  
  T-Mobile USA, Inc.     3.500     10-30-22     7,800,000     7,806,911  
  Telesat Canada     3.500     03-28-19     12,175,033     12,053,283  
  Virgin Media Investment Holdings, Ltd.     3.500     06-30-23     11,237,160     11,059,826  
  Wireless telecommunication services 0.9%  
  Ziggo BV     3.500     01-15-22     26,658,357     26,029,994  
  Utilities 4.4%     119,378,778  
  Electric utilities 2.8%  
  Chief Power Finance LLC     5.750     12-31-20     16,366,325     15,936,709  
  Energy Future Intermediate Holding Company LLC     4.250     06-19-16     12,381,750     12,327,580  
  ExGen Texas Power LLC     5.750     09-16-21     17,508,186     13,306,221  
  Green Energy Partners     6.500     11-13-21     6,405,000     6,180,825  
  La Frontera Generation LLC     4.500     09-30-20     9,042,376     8,590,257  
  Moxie Patriot LLC     6.750     12-19-20     9,090,000     8,544,600  
  Texas Competitive Electric Holdings Company LLC (H)     4.662     10-10-17     32,644,306     11,048,074  
  Independent power and renewable electricity producers 1.6%  
  Atlantic Power LP     4.750     02-24-21     6,517,808     6,513,734  
  EFS Cogen Holdings I LLC     3.750     12-17-20     5,463,965     5,416,156  
  Empire Generating Company LLC     5.250     03-12-21     18,807,019     15,045,616  
  STS Operating, Inc.     4.753     02-12-21     7,801,200     7,508,655  
  Windsor Financing LLC     6.250     12-05-17     9,050,860     8,960,351  
  Corporate bonds 9.2%     $248,080,192  
  (Cost $284,138,171)  
  Consumer discretionary 1.0%     26,522,100  
  Hotels, restaurants and leisure 0.4%  
  New Red Finance, Inc. (S)     4.625     01-15-22           10,097,000     10,197,970  
  Media 0.6%  
  CCO Safari II LLC (S)     3.579     07-23-20           8,990,000     9,036,505  
  Neptune Finco Corp. (S)     6.625     10-15-25           5,790,000     6,007,125  
  Numericable-SFR SAS (S)     6.250     05-15-24           1,300,000     1,280,500  
  Consumer staples 0.5%     14,351,975  
  Food and staples retailing 0.0%  
  Beverages & More, Inc. (S)     10.000     11-15-18           730,000     697,150  
  Tobacco 0.5%  
  Alliance One International, Inc.     9.875     07-15-21           16,910,000     13,654,825  
  Energy 1.8%     49,914,529  
  Energy equipment and services 0.5%  
  Teine Energy, Ltd. (S)     6.875     09-30-22           16,140,000     14,526,000  
  Oil, gas and consumable fuels 1.3%  
  Comstock Resources, Inc. (S)     10.000     03-15-20           10,430,000     6,101,550  

SEE NOTES TO FUND'S INVESTMENTS 7

Floating Rate Income Fund

                                                           
        Rate (% )    Maturity date     Par value^     Value  
  Energy  (continued)        
  Oil, gas and consumable fuels  (continued)  
  Crestwood Midstream Partners LP     6.000     12-15-20           1,884,000     $1,634,370  
  Crestwood Midstream Partners LP     6.125     03-01-22           1,580,000     1,350,900  
  FTS International, Inc. (P)(S)     7.837     06-15-20           5,620,000     4,172,771  
  Halcon Resources Corp. (S)     8.625     02-01-20           5,490,000     4,323,375  
  Magnum Hunter Resources Corp. (H)     9.750     05-15-20           3,400,000     1,334,500  
  QEP Resources, Inc.     6.875     03-01-21           1,240,000     1,184,200  
  Samson Investment Company (H)     9.750     02-15-20           1,570,000     3,925  
  Sanchez Energy Corp. (L)     6.125     01-15-23           16,089,000     11,061,188  
  Sanchez Energy Corp. (L)     7.750