Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Long-Term Investments 126.0% | |||||
Bank Loans 6.4% | |||||
Germany 0.4% | |||||
Speedster Bidco GmbH, Second Lien Term Loan, 6 Month EURIBOR + 6.000% (Cap N/A, Floor 0.000%) | 6.000 %(c) | 03/31/28 | EUR | 2,075 | $2,410,694 |
Luxembourg 0.1% | |||||
Intelsat Jackson Holdings SA, DIP Term Loan, 3 Month LIBOR + 4.750% | 5.750(c) | 07/13/22 | 654 | 658,746 | |
Saint Lucia 0.3% | |||||
Digicel International Finance Ltd., First Lien Initial Term B Loan, 1 Month LIBOR + 3.250% | 3.430(c) | 05/27/24 | 2,449 | 2,376,543 | |
United Kingdom 2.7% | |||||
CD&R Firefly Bidco Ltd., Initial Term Loan, 3 Month GBP LIBOR + 8.356%^ | 8.412(c) | 06/21/26 | GBP | 4,500 | 6,158,475 |
Constellation Automotive Group Ltd., Facility 1 Loan, 1 - 3 Month GBP LIBOR + 7.500% (Cap N/A, Floor 0.000%) | 7.525(c) | 07/16/29 | GBP | 3,000 | 4,167,235 |
EG America LLC, Project Becker Additional Facility, 3 Month LIBOR + 4.250% | 4.750(c) | 03/31/26 | 411 | 409,439 | |
EG Group Ltd., Additional Second Lien Loan Facility, 1 - 6 Month EURIBOR + 7.000% (Cap N/A, Floor 0.000%) | 7.000(c) | 04/30/27 | EUR | 2,800 | 3,248,938 |
Tilney Group Ltd., Facility B Loan, 3 Month GBP LIBOR + 4.500% | 4.578(c) | 12/22/25 | GBP | 3,025 | 4,128,222 |
18,112,309 | |||||
United States 2.9% | |||||
Ascent Resources Utica Holdings LLC, Second Lien Term Loan, 3 Month LIBOR + 9.000% | 10.000(c) | 11/01/25 | 3,610 | 3,949,340 | |
Citgo Petroleum Corp., 2019 Incremental Term B Loan, 3 Month LIBOR + 6.250% | 7.250(c) | 03/28/24 | 778 | 778,306 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Bank Loans (Continued) | |||||
United States (cont’d.) | |||||
Diamond Sports Group LLC, Term Loan, 1 Month LIBOR + 3.250% | 3.340 %(c) | 08/24/26 | 268 | $139,821 | |
Finastra USA, Inc., Dollar Term Loan (Second Lien), 6 Month LIBOR + 7.250% | 8.250(c) | 06/13/25 | 2,450 | 2,447,320 | |
Great Outdoors Group LLC, Term B-1 Loan, 3 Month LIBOR + 4.250% | 5.000(c) | 03/06/28 | 1,489 | 1,493,402 | |
Greeneden U.S. Holdings II LLC, B-4 Dollar Term Loan, 1 Month LIBOR + 4.000% | 4.750(c) | 12/01/27 | 572 | 573,377 | |
Heritage Power LLC, Term Loan B, 3 Month LIBOR + 6.000% | 7.000(c) | 07/30/26 | 2,561 | 2,249,698 | |
Peraton Corp., First Lien Term B Loan, 1 Month LIBOR + 3.750% | 4.500(c) | 02/01/28 | 2,045 | 2,046,322 | |
Skillsoft Finance II, Inc., Initial Term Loan, 3 Month LIBOR + 4.750% | 5.500(c) | 07/14/28 | 1,250 | 1,256,250 | |
Stonegate Pub Co. Ltd., First Lien Initial Term B Loan, 3 Month GBP LIBOR + 8.500%^ | 8.606(c) | 03/06/28 | GBP | 1,550 | 2,110,646 |
United Airlines, Inc., Class B Term Loan, 1 Month LIBOR + 3.750% | 4.500(c) | 04/21/28 | 2,640 | 2,673,674 | |
19,718,156 | |||||
Total Bank Loans (cost $42,323,470) | 43,276,448 | ||||
Convertible Bonds 0.6% | |||||
Jamaica 0.0% | |||||
Digicel Group Holdings Ltd., Sub. Notes, 144A, Cash coupon 7.000% or PIK N/A | 7.000 | 11/15/21(oo) | 41 | 37,117 | |
Spain 0.6% | |||||
Cellnex Telecom SA, Sr. Unsec’d. Notes, EMTN, Series CLNX | 0.750 | 11/20/31 | EUR | 3,400 | 3,861,500 |
Total Convertible Bonds (cost $3,862,916) | 3,898,617 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds 98.5% | |||||
Argentina 0.1% | |||||
MercadoLibre, Inc., Gtd. Notes | 3.125 % | 01/14/31 | 326 | $307,339 | |
YPF SA, | |||||
Sr. Unsec’d. Notes, 144A | 8.500 | 03/23/25 | 404 | 366,635 | |
Sr. Unsec’d. Notes, 144A | 8.500 | 07/28/25 | 300 | 240,912 | |
914,886 | |||||
Bahrain 0.1% | |||||
Oil & Gas Holding Co. BSCC (The), Sr. Unsec’d. Notes, 144A(aa) | 7.625 | 11/07/24 | 380 | 415,768 | |
Belarus 0.1% | |||||
Development Bank of the Republic of Belarus JSC, Sr. Unsec’d. Notes, 144A | 6.750 | 05/02/24 | 850 | 801,322 | |
Brazil 2.6% | |||||
Banco Votorantim SA, Sr. Unsec’d. Notes, 144A, MTN(aa) | 4.500 | 09/24/24 | 1,120 | 1,165,444 | |
Embraer Netherlands Finance BV, Gtd. Notes, 144A(aa) | 6.950 | 01/17/28 | 2,055 | 2,286,103 | |
JSM Global Sarl, Gtd. Notes | 4.750 | 10/20/30 | 1,100 | 1,046,651 | |
Light Servicos de Eletricidade SA/Light Energia SA, Gtd. Notes, 144A(aa) | 4.375 | 06/18/26 | 1,500 | 1,466,447 | |
MARB BondCo PLC, Gtd. Notes, 144A(aa) | 3.950 | 01/29/31 | 1,330 | 1,265,729 | |
NBM US Holdings, Inc., Gtd. Notes, 144A(aa) | 7.000 | 05/14/26 | 1,000 | 1,059,814 | |
Petrobras Global Finance BV, | |||||
Gtd. Notes(aa) | 5.600 | 01/03/31 | 4,980 | 5,217,233 | |
Gtd. Notes(aa) | 5.999 | 01/27/28 | 1,100 | 1,199,683 | |
Gtd. Notes(aa) | 6.900 | 03/19/49 | 1,440 | 1,505,208 | |
Gtd. Notes(aa) | 7.375 | 01/17/27 | 1,240 | 1,454,363 | |
17,666,675 | |||||
Burkina Faso 0.1% | |||||
IAMGOLD Corp., Gtd. Notes, 144A | 5.750 | 10/15/28 | 700 | 687,657 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Canada 4.0% | |||||
1011778 BC ULC/New Red Finance, Inc., Sec’d. Notes, 144A(aa) | 4.000 % | 10/15/30 | 1,650 | $1,600,660 | |
Athabasca Oil Corp., Sec’d. Notes, 144A | 9.750 | 11/01/26 | 2,375 | 2,390,198 | |
Bombardier, Inc., | |||||
Sr. Unsec’d. Notes, 144A | 6.000 | 02/15/28 | 1,250 | 1,260,840 | |
Sr. Unsec’d. Notes, 144A(aa) | 7.125 | 06/15/26 | 1,075 | 1,128,426 | |
Sr. Unsec’d. Notes, 144A(aa) | 7.500 | 12/01/24 | 3,925 | 4,085,782 | |
Sr. Unsec’d. Notes, 144A | 7.500 | 03/15/25 | 275 | 282,136 | |
Sr. Unsec’d. Notes, 144A | 7.875 | 04/15/27 | 2,200 | 2,287,932 | |
Brookfield Residential Properties, Inc./Brookfield Residential US LLC, | |||||
Gtd. Notes, 144A(aa) | 4.875 | 02/15/30 | 1,275 | 1,278,786 | |
Sr. Unsec’d. Notes, 144A | 5.000 | 06/15/29 | 475 | 478,234 | |
GFL Environmental, Inc., Gtd. Notes, 144A | 4.375 | 08/15/29 | 700 | 694,300 | |
Hudbay Minerals, Inc., Gtd. Notes, 144A(aa) | 6.125 | 04/01/29 | 685 | 721,158 | |
Kronos Acquisition Holdings, Inc./KIK Custom Products, Inc., Sr. Sec’d. Notes, 144A | 5.000 | 12/31/26 | 200 | 198,128 | |
Mattamy Group Corp., | |||||
Sr. Unsec’d. Notes, 144A(aa) | 4.625 | 03/01/30 | 825 | 837,344 | |
Sr. Unsec’d. Notes, 144A(aa) | 5.250 | 12/15/27 | 1,275 | 1,329,446 | |
MEG Energy Corp., | |||||
Gtd. Notes, 144A | 5.875 | 02/01/29 | 675 | 694,630 | |
Gtd. Notes, 144A(aa) | 7.125 | 02/01/27 | 1,027 | 1,079,064 | |
New Gold, Inc., | |||||
Gtd. Notes, 144A(aa) | 6.375 | 05/15/25 | 496 | 509,646 | |
Sr. Unsec’d. Notes, 144A(aa) | 7.500 | 07/15/27 | 1,010 | 1,090,476 | |
Parkland Corp., Gtd. Notes, 144A | 4.500 | 10/01/29 | 625 | 629,071 | |
Precision Drilling Corp., | |||||
Gtd. Notes, 144A | 6.875 | 01/15/29 | 250 | 258,990 | |
Gtd. Notes, 144A(aa) | 7.125 | 01/15/26 | 3,475 | 3,574,823 | |
Superior Plus LP/Superior General Partner, Inc., Gtd. Notes, 144A | 4.500 | 03/15/29 | 425 | 434,354 | |
26,844,424 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Chile 0.0% | |||||
VTR Finance NV, Sr. Unsec’d. Notes, 144A | 6.375 % | 07/15/28 | 205 | $219,143 | |
China 0.4% | |||||
Agile Group Holdings Ltd., Sr. Sec’d. Notes | 6.050 | 10/13/25 | 1,120 | 864,346 | |
Sunac China Holdings Ltd., | |||||
Sr. Sec’d. Notes | 6.500 | 01/10/25 | 650 | 465,069 | |
Sr. Sec’d. Notes | 6.500 | 01/26/26 | 770 | 546,952 | |
Sr. Sec’d. Notes | 7.250 | 06/14/22 | 365 | 304,314 | |
Yuzhou Group Holdings Co. Ltd., | |||||
Sr. Sec’d. Notes | 7.700 | 02/20/25 | 900 | 449,171 | |
Sr. Sec’d. Notes | 8.500 | 02/26/24 | 400 | 196,246 | |
2,826,098 | |||||
Colombia 0.7% | |||||
AI Candelaria Spain SLU, Sr. Sec’d. Notes, 144A | 5.750 | 06/15/33 | 440 | 432,971 | |
Ecopetrol SA, | |||||
Sr. Unsec’d. Notes | 4.625 | 11/02/31 | 500 | 495,887 | |
Sr. Unsec’d. Notes | 5.375 | 06/26/26 | 975 | 1,056,623 | |
Millicom International Cellular SA, Sr. Unsec’d. Notes, 144A | 4.500 | 04/27/31 | 700 | 719,890 | |
SierraCol Energy Andina LLC, Gtd. Notes, 144A(aa) | 6.000 | 06/15/28 | 1,700 | 1,672,166 | |
4,377,537 | |||||
Costa Rica 0.1% | |||||
Autopistas del Sol SA, Sr. Sec’d. Notes | 7.375 | 12/30/30 | 341 | 353,120 | |
Instituto Costarricense de Electricidad, Sr. Unsec’d. Notes, 144A | 6.750 | 10/07/31 | 270 | 271,977 | |
625,097 | |||||
France 3.6% | |||||
Altice France SA, Sr. Sec’d. Notes, 144A | 5.125 | 07/15/29 | 700 | 681,650 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
France (cont’d.) | |||||
Casino Guichard Perrachon SA, Sr. Unsec’d. Notes, EMTN | 4.048 % | 08/05/26 | EUR | 3,300 | $3,528,690 |
Flamingo Lux II SCA, Sr. Unsec’d. Notes, 144A | 5.000 | 03/31/29 | EUR | 1,850 | 2,087,915 |
Iliad Holding SAS, Sr. Sec’d. Notes, 144A | 5.625 | 10/15/28 | EUR | 3,850 | 4,595,245 |
La Financiere Atalian SASU, | |||||
Gtd. Notes(aa) | 4.000 | 05/15/24 | EUR | 3,400 | 3,871,444 |
Gtd. Notes(aa) | 5.125 | 05/15/25 | EUR | 1,375 | 1,584,146 |
Loxam SAS, | |||||
Sr. Sub. Notes(aa) | 5.750 | 07/15/27 | EUR | 550 | 654,874 |
Sr. Sub. Notes, 144A(aa) | 4.500 | 04/15/27 | EUR | 2,400 | 2,750,124 |
Midco GB SASU, Sr. Unsec’d. Notes, 144A, Cash coupon 7.750% or PIK 8.500% | 7.750 | 11/01/27 | EUR | 1,050 | 1,227,637 |
Parts Europe SA, | |||||
Sr. Sec’d. Notes(aa) | 6.500 | 07/16/25 | EUR | 800 | 961,853 |
Sr. Sec’d. Notes, 144A(aa) | 6.500 | 07/16/25 | EUR | 2,025 | 2,434,689 |
24,378,267 | |||||
Germany 2.2% | |||||
ADLER Group SA, Sr. Unsec’d. Notes | 1.875 | 01/14/26 | EUR | 3,000 | 3,062,178 |
Douglas GmbH, Sr. Sec’d. Notes, 144A(aa) | 6.000 | 04/08/26 | EUR | 1,400 | 1,610,921 |
Kirk Beauty SUN GmbH, Sr. Unsec’d. Notes, 144A, Cash coupon 8.250% or PIK 9.000% | 8.250 | 10/01/26 | EUR | 2,931 | 3,228,479 |
Nidda BondCo GmbH, Gtd. Notes | 5.000 | 09/30/25 | EUR | 2,068 | 2,360,726 |
TK Elevator Holdco GmbH, | |||||
Sr. Unsec’d. Notes | 6.625 | 07/15/28 | EUR | 1,440 | 1,742,633 |
Sr. Unsec’d. Notes, 144A(aa) | 6.625 | 07/15/28 | EUR | 810 | 980,231 |
TK Elevator Midco GmbH, Sr. Sec’d. Notes, 144A(aa) | 4.375 | 07/15/27 | EUR | 1,400 | 1,665,684 |
14,650,852 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Ghana 0.3% | |||||
Tullow Oil PLC, Sr. Sec’d. Notes, 144A(aa) | 10.250 % | 05/15/26 | 2,115 | $2,223,380 | |
India 1.6% | |||||
ABJA Investment Co. Pte Ltd., Gtd. Notes(aa) | 5.950 | 07/31/24 | 651 | 710,198 | |
Clean Renewable Power Mauritius Pte Ltd., Sr. Sec’d. Notes, 144A | 4.250 | 03/25/27 | 1,325 | 1,349,208 | |
Delhi International Airport Ltd., Sr. Sec’d. Notes, 144A(aa) | 6.450 | 06/04/29 | 905 | 896,656 | |
GMR Hyderabad International Airport Ltd., Sr. Sec’d. Notes(aa) | 4.250 | 10/27/27 | 1,460 | 1,411,545 | |
Greenko Dutch BV, Gtd. Notes, 144A(aa) | 3.850 | 03/29/26 | 852 | 859,721 | |
Greenko Investment Co., Sr. Sec’d. Notes | 4.875 | 08/16/23 | 1,000 | 1,010,144 | |
HDFC Bank Ltd., Jr. Sub. Notes, 144A(aa) | 3.700(ff) | 08/25/26(oo) | 2,135 | 2,125,581 | |
HPCL-Mittal Energy Ltd., Sr. Unsec’d. Notes(aa) | 5.250 | 04/28/27 | 2,000 | 2,062,464 | |
Periama Holdings LLC, Gtd. Notes | 5.950 | 04/19/26 | 480 | 519,863 | |
10,945,380 | |||||
Israel 0.4% | |||||
Energean Israel Finance Ltd., Sr. Sec’d. Notes, 144A(aa) | 5.375 | 03/30/28 | 1,465 | 1,483,374 | |
Leviathan Bond Ltd., Sr. Sec’d. Notes, 144A(aa) | 6.750 | 06/30/30 | 1,110 | 1,228,761 | |
2,712,135 | |||||
Italy 0.3% | |||||
Shiba Bidco SpA, Sr. Sec’d. Notes, 144A | 4.500 | 10/31/28 | EUR | 1,775 | 2,052,158 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Jamaica 1.5% | |||||
Digicel Group Holdings Ltd., Sr. Unsec’d. Notes, 144A, Cash coupon 5.000% and PIK 3.000% | 8.000 % | 04/01/25 | 243 | $235,103 | |
Digicel International Finance Ltd./Digicel International Holdings Ltd., | |||||
Gtd. Notes, 144A | 8.000 | 12/31/26 | 174 | 169,779 | |
Gtd. Notes, 144A, Cash coupon 6.000% and PIK 7.000% | 13.000 | 12/31/25 | 781 | 800,672 | |
Sr. Sec’d. Notes, 144A | 8.750 | 05/25/24 | 3,100 | 3,224,002 | |
Sr. Sec’d. Notes, 144A | 8.750 | 05/25/24 | 436 | 452,557 | |
Digicel Ltd., Gtd. Notes, 144A | 6.750 | 03/01/23 | 5,020 | 4,854,818 | |
9,736,931 | |||||
Japan 0.2% | |||||
SoftBank Group Corp., Sr. Unsec’d. Notes(aa) | 3.875 | 07/06/32 | EUR | 1,400 | 1,550,236 |
Kuwait 0.2% | |||||
Kuwait Projects Co. SPC Ltd., | |||||
Gtd. Notes | 4.229 | 10/29/26 | 925 | 877,019 | |
Gtd. Notes, EMTN | 4.500 | 02/23/27 | 200 | 189,730 | |
1,066,749 | |||||
Luxembourg 3.4% | |||||
Altice France Holding SA, | |||||
Gtd. Notes | 4.000 | 02/15/28 | EUR | 3,600 | 3,885,894 |
Sr. Sec’d. Notes | 8.000 | 05/15/27 | EUR | 4,966 | 6,089,907 |
ARD Finance SA, Sr. Sec’d. Notes, 144A, Cash coupon 5.000% or PIK 5.750% | 5.000 | 06/30/27 | EUR | 5,400 | 6,418,170 |
Galapagos SA, Sr. Sec’d. Notes | 0.000(cc) | 06/15/21(d) | EUR | 315 | 6,910 |
Intelsat Jackson Holdings SA, | |||||
Gtd. Notes | 5.500 | 08/01/23(d) | 2,085 | 1,052,498 | |
Gtd. Notes, 144A | 9.750 | 07/15/25(d) | 3,355 | 1,730,055 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Luxembourg (cont’d.) | |||||
Monitchem HoldCo SA, Gtd. Notes, 144A | 9.500 % | 09/15/26 | EUR | 3,000 | $3,678,150 |
22,861,584 | |||||
Macau 0.4% | |||||
MGM China Holdings Ltd., | |||||
Sr. Unsec’d. Notes, 144A | 4.750 | 02/01/27 | 525 | 503,753 | |
Sr. Unsec’d. Notes, 144A | 5.250 | 06/18/25 | 325 | 320,874 | |
Wynn Macau Ltd., | |||||
Sr. Unsec’d. Notes, 144A | 5.125 | 12/15/29 | 1,000 | 902,116 | |
Sr. Unsec’d. Notes, 144A | 5.500 | 01/15/26 | 1,000 | 942,878 | |
2,669,621 | |||||
Malaysia 0.1% | |||||
Gohl Capital Ltd., Gtd. Notes | 4.250 | 01/24/27 | 910 | 945,026 | |
Mexico 4.0% | |||||
Braskem Idesa SAPI, Sr. Sec’d. Notes, 144A(aa) | 7.450 | 11/15/29 | 450 | 477,667 | |
Cemex SAB de CV, | |||||
Gtd. Notes(aa) | 5.450 | 11/19/29 | 930 | 1,006,913 | |
Gtd. Notes, 144A | 7.375 | 06/05/27 | 225 | 248,779 | |
Electricidad Firme de Mexico Holdings SA de CV, Sr. Sec’d. Notes, 144A | 4.900 | 11/20/26 | 200 | 195,829 | |
FEL Energy VI Sarl, Sr. Sec’d. Notes, 144A | 5.750 | 12/01/40 | 1,974 | 1,954,095 | |
Mexico City Airport Trust, | |||||
Sr. Sec’d. Notes(aa) | 3.875 | 04/30/28 | 2,230 | 2,309,309 | |
Sr. Sec’d. Notes | 5.500 | 07/31/47 | 670 | 680,575 | |
Nemak SAB de CV, Sr. Unsec’d. Notes, 144A | 3.625 | 06/28/31 | 730 | 682,670 | |
Petroleos Mexicanos, | |||||
Gtd. Notes(aa) | 5.350 | 02/12/28 | 2,500 | 2,495,318 | |
Gtd. Notes(aa) | 6.490 | 01/23/27 | 3,758 | 3,998,935 | |
Gtd. Notes(aa) | 6.500 | 03/13/27 | 2,720 | 2,899,520 | |
Gtd. Notes(aa) | 6.500 | 06/02/41 | 2,100 | 1,898,280 | |
Gtd. Notes, EMTN(aa) | 2.750 | 04/21/27 | EUR | 1,915 | 2,072,021 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Mexico (cont’d.) | |||||
Petroleos Mexicanos, (cont’d.) | |||||
Gtd. Notes, MTN(aa) | 6.875 % | 08/04/26 | 3,200 | $3,494,631 | |
Total Play Telecomunicaciones SA de CV, | |||||
Gtd. Notes, 144A | 6.375 | 09/20/28 | 910 | 897,018 | |
Sr. Unsec’d. Notes, 144A(aa) | 7.500 | 11/12/25 | 1,355 | 1,409,933 | |
26,721,493 | |||||
Morocco 0.1% | |||||
OCP SA, | |||||
Sr. Unsec’d. Notes | 6.875 | 04/25/44 | 280 | 335,656 | |
Sr. Unsec’d. Notes, 144A | 3.750 | 06/23/31 | 200 | 196,418 | |
532,074 | |||||
Netherlands 2.4% | |||||
OCI NV, | |||||
Sr. Sec’d. Notes(aa) | 3.125 | 11/01/24 | EUR | 4,400 | 5,156,338 |
Sr. Sec’d. Notes(aa) | 3.625 | 10/15/25 | EUR | 900 | 1,073,160 |
Promontoria Holding 264 BV, Sr. Sec’d. Notes(aa) | 6.750 | 08/15/23 | EUR | 1,900 | 2,191,391 |
Titan Holdings II BV, Sr. Unsec’d. Notes, 144A(aa) | 5.125 | 07/15/29 | EUR | 2,275 | 2,601,786 |
United Group BV, | |||||
Sr. Sec’d. Notes, 144A(aa) | 3.125 | 02/15/26 | EUR | 850 | 945,753 |
Sr. Sec’d. Notes, 144A(aa) | 3.625 | 02/15/28 | EUR | 2,900 | 3,218,304 |
VEON Holdings BV, Sr. Unsec’d. Notes, 144A(aa) | 3.375 | 11/25/27 | 1,220 | 1,219,196 | |
16,405,928 | |||||
Nigeria 0.2% | |||||
IHS Netherlands Holdco BV, Gtd. Notes, 144A(aa) | 7.125 | 03/18/25 | 1,500 | 1,550,888 | |
Oman 0.1% | |||||
Oztel Holdings SPC Ltd., Sr. Sec’d. Notes | 6.625 | 04/24/28 | 500 | 552,794 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Panama 0.1% | |||||
AES Panama Generation Holdings SRL, Sr. Sec’d. Notes, 144A | 4.375 % | 05/31/30 | 385 | $395,935 | |
Peru 0.3% | |||||
Inkia Energy Ltd., Sr. Unsec’d. Notes | 5.875 | 11/09/27 | 1,000 | 1,030,411 | |
Kallpa Generacion SA, Gtd. Notes(aa) | 4.125 | 08/16/27 | 1,000 | 1,041,972 | |
2,072,383 | |||||
Puerto Rico 0.6% | |||||
Popular, Inc., Sr. Unsec’d. Notes | 6.125 | 09/14/23 | 3,475 | 3,710,054 | |
Russia 0.6% | |||||
Alfa Bank AO Via Alfa Bond Issuance PLC, | |||||
Sub. Notes(aa) | 5.950(ff) | 04/15/30 | 1,500 | 1,556,855 | |
Sub. Notes, 144A(aa) | 5.950(ff) | 04/15/30 | 985 | 1,022,335 | |
Hacienda Investments Ltd. Via DME Airport DAC, Gtd. Notes, 144A(aa) | 5.350 | 02/08/28 | 1,686 | 1,762,592 | |
4,341,782 | |||||
Saudi Arabia 0.3% | |||||
Arabian Centres Sukuk Ltd., Gtd. Notes, 144A | 5.375 | 11/26/24 | 1,635 | 1,703,496 | |
South Africa 1.4% | |||||
Eskom Holdings SOC Ltd., | |||||
Gov’t. Gtd. Notes, MTN(aa) | 6.350 | 08/10/28 | 2,080 | 2,242,120 | |
Sr. Unsec’d. Notes(aa) | 7.125 | 02/11/25 | 1,270 | 1,324,882 | |
Sr. Unsec’d. Notes, EMTN(aa) | 6.750 | 08/06/23 | 1,580 | 1,631,767 | |
Sr. Unsec’d. Notes, MTN(aa) | 8.450 | 08/10/28 | 1,240 | 1,359,447 | |
Sasol Financing USA LLC, | |||||
Gtd. Notes(aa) | 4.375 | 09/18/26 | 790 | 803,675 | |
Gtd. Notes(aa) | 5.875 | 03/27/24 | 1,930 | 2,037,056 | |
9,398,947 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Spain 1.7% | |||||
Codere Finance 2 Luxembourg SA, | |||||
Sr. Sec’d. Notes, Cash coupon 4.500% and PIK 6.250% | 10.750 % | 11/01/23(d) | EUR | 2,357 | $1,700,599 |
Sr. Sec’d. Notes, 144A | 10.750 | 09/30/23(d) | EUR | 1,534 | 1,927,999 |
Sr. Sec’d. Notes, 144A | 10.750 | 09/30/23(d) | EUR | 522 | 648,084 |
Sr. Sec’d. Notes, 144A, Cash coupon 4.500% and PIK 7.125% | 11.625 | 11/01/23(d) | 776 | 519,767 | |
Grifols Escrow Issuer SA, Sr. Unsec’d. Notes, 144A(aa) | 3.875 | 10/15/28 | EUR | 2,225 | 2,579,150 |
Kaixo Bondco Telecom SA, Sr. Unsec’d. Notes, 144A(aa) | 5.125 | 09/30/29 | EUR | 3,650 | 4,185,001 |
11,560,600 | |||||
Sweden 0.3% | |||||
Verisure Midholding AB, Gtd. Notes, 144A(aa) | 5.250 | 02/15/29 | EUR | 1,425 | 1,669,950 |
Thailand 0.3% | |||||
Bangkok Bank PCL, Jr. Sub. Notes, 144A, MTN(aa) | 5.000(ff) | 09/23/25(oo) | 2,000 | 2,067,363 | |
Turkey 0.9% | |||||
Aydem Yenilenebilir Enerji A/S, Sr. Sec’d. Notes, 144A | 7.750 | 02/02/27 | 1,140 | 1,083,634 | |
Eldorado Gold Corp., Sr. Unsec’d. Notes, 144A(aa) | 6.250 | 09/01/29 | 1,900 | 1,928,596 | |
KOC Holding A/S, Sr. Unsec’d. Notes, 144A(aa) | 6.500 | 03/11/25 | 2,000 | 2,105,835 | |
Turkiye Sinai Kalkinma Bankasi A/S, Sr. Unsec’d. Notes, 144A(aa) | 6.000 | 01/23/25 | 700 | 702,821 | |
5,820,886 | |||||
Ukraine 0.3% | |||||
NAK Naftogaz Ukraine via Kondor Finance PLC, | |||||
Sr. Unsec’d. Notes(aa) | 7.125 | 07/19/24 | EUR | 1,035 | 1,197,439 |
Sr. Unsec’d. Notes | 7.625 | 11/08/26 | 830 | 818,271 | |
2,015,710 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United Kingdom 9.4% | |||||
180 Medical, Inc., Gtd. Notes, 144A | 3.875 % | 10/15/29 | 225 | $226,410 | |
Bellis Acquisition Co. PLC, Sr. Sec’d. Notes, 144A(aa) | 3.250 | 02/16/26 | GBP | 1,700 | 2,228,385 |
Bellis Finco PLC, Sr. Unsec’d. Notes, 144A(aa) | 4.000 | 02/16/27 | GBP | 3,300 | 4,258,291 |
Bracken MidCo1 PLC, | |||||
Sr. Unsec’d. Notes, Cash coupon 8.875% or PIK 10.375% | 8.875 | 10/15/23 | GBP | 1,052 | 1,468,975 |
Sr. Unsec’d. Notes, 144A, Cash coupon 6.750% or PIK 7.500% | 6.750 | 11/01/27 | GBP | 3,975 | 5,414,126 |
Co-operative Group Holdings 2011 Ltd., Gtd. Notes | 7.500 | 07/08/26 | GBP | 3,705 | 5,939,966 |
CPUK Finance Ltd., Sec’d. Notes | 4.875 | 02/28/47 | GBP | 2,100 | 2,880,736 |
Deuce Finco PLC, Sr. Sec’d. Notes, 144A(aa) | 5.500 | 06/15/27 | GBP | 2,300 | 3,130,042 |
eG Global Finance PLC, | |||||
Sr. Sec’d. Notes, 144A(aa) | 4.375 | 02/07/25 | EUR | 3,900 | 4,448,271 |
Sr. Sec’d. Notes, 144A(aa) | 8.500 | 10/30/25 | 1,750 | 1,823,111 | |
Hurricane Finance PLC, Sr. Sec’d. Notes, 144A(aa) | 8.000 | 10/15/25 | GBP | 2,200 | 3,206,513 |
INEOS Quattro Finance 1 PLC, Sr. Unsec’d. Notes, 144A(aa) | 3.750 | 07/15/26 | EUR | 2,600 | 3,035,656 |
Jerrold Finco PLC, | |||||
Sr. Sec’d. Notes, 144A(aa) | 4.875 | 01/15/26 | GBP | 2,250 | 3,120,517 |
Sr. Sec’d. Notes, 144A(aa) | 5.250 | 01/15/27 | GBP | 1,325 | 1,851,559 |
Motion Bondco DAC, | |||||
Gtd. Notes(aa) | 4.500 | 11/15/27 | EUR | 865 | 950,745 |
Gtd. Notes, 144A(aa) | 6.625 | 11/15/27 | 700 | 706,768 | |
Motion Finco Sarl, Sr. Sec’d. Notes, 144A | 7.000 | 05/15/25 | EUR | 1,300 | 1,571,639 |
Sherwood Financing PLC, Sr. Sec’d. Notes, 144A | 6.000 | 11/15/26 | GBP | 4,150 | 5,672,383 |
Very Group Funding PLC (The), Sr. Sec’d. Notes, 144A(aa) | 6.500 | 08/01/26 | GBP | 4,275 | 5,824,472 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United Kingdom (cont’d.) | |||||
Virgin Media Secured Finance PLC, Sr. Sec’d. Notes(aa) | 5.000 % | 04/15/27 | GBP | 2,250 | $3,179,313 |
William Hill Ltd., Gtd. Notes, MTN(aa) | 4.750 | 05/01/26 | GBP | 1,700 | 2,490,376 |
63,428,254 | |||||
United States 52.4% | |||||
ACCO Brands Corp., Gtd. Notes, 144A | 4.250 | 03/15/29 | 400 | 395,446 | |
AdaptHealth LLC, | |||||
Gtd. Notes, 144A(aa) | 4.625 | 08/01/29 | 1,000 | 990,412 | |
Gtd. Notes, 144A | 5.125 | 03/01/30 | 375 | 377,122 | |
Gtd. Notes, 144A(aa) | 6.125 | 08/01/28 | 655 | 694,696 | |
Aethon United BR LP/Aethon United Finance Corp., Sr. Unsec’d. Notes, 144A(aa) | 8.250 | 02/15/26 | 1,175 | 1,261,805 | |
Alliance Data Systems Corp., Gtd. Notes, 144A(aa) | 4.750 | 12/15/24 | 1,300 | 1,330,373 | |
Allied Universal Holdco LLC/Allied Universal Finance Corp., | |||||
Sr. Sec’d. Notes, 144A(aa) | 6.625 | 07/15/26 | 1,740 | 1,829,953 | |
Sr. Unsec’d. Notes, 144A | 6.000 | 06/01/29 | 650 | 640,169 | |
Sr. Unsec’d. Notes, 144A(aa) | 9.750 | 07/15/27 | 3,150 | 3,399,657 | |
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl, Sr. Sec’d. Notes, 144A(aa) | 3.625 | 06/01/28 | EUR | 3,225 | 3,660,680 |
Allison Transmission, Inc., Sr. Unsec’d. Notes, 144A(aa) | 5.875 | 06/01/29 | 850 | 916,290 | |
Alta Equipment Group, Inc., Sec’d. Notes, 144A | 5.625 | 04/15/26 | 600 | 615,603 | |
Alta Mesa Holdings LP/Alta Mesa Finance Services Corp., Sr. Unsec’d. Notes^(aa) | 7.875 | 12/15/24(d) | 6,450 | 43,860 | |
Ambience Merger Sub, Inc., | |||||
Gtd. Notes, 144A | 7.125 | 07/15/29 | 850 | 818,996 | |
Sr. Sec’d. Notes, 144A | 4.875 | 07/15/28 | 150 | 147,218 | |
AMC Entertainment Holdings, Inc., Sec’d. Notes, 144A, Cash coupon 10.000% or PIK 12.000% or Cash coupon 5.000% and PIK 6.000% | 12.000 | 06/15/26 | 662 | 658,230 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
American Airlines, Inc./AAdvantage Loyalty IP Ltd., Sr. Sec’d. Notes, 144A(aa) | 5.750 % | 04/20/29 | 1,850 | $1,991,227 | |
American Axle & Manufacturing, Inc., | |||||
Gtd. Notes(aa) | 5.000 | 10/01/29 | 1,575 | 1,504,841 | |
Gtd. Notes(aa) | 6.250 | 03/15/26 | 2,250 | 2,311,933 | |
AmeriGas Partners LP/AmeriGas Finance Corp., | |||||
Sr. Unsec’d. Notes(aa) | 5.750 | 05/20/27 | 2,225 | 2,489,778 | |
Sr. Unsec’d. Notes | 5.875 | 08/20/26 | 1,750 | 1,954,279 | |
Amsted Industries, Inc., Sr. Unsec’d. Notes, 144A(aa) | 4.625 | 05/15/30 | 675 | 693,403 | |
Antero Midstream Partners LP/Antero Midstream Finance Corp., | |||||
Gtd. Notes, 144A(aa) | 5.375 | 06/15/29 | 1,175 | 1,229,105 | |
Gtd. Notes, 144A(aa) | 5.750 | 01/15/28 | 2,750 | 2,877,788 | |
Antero Resources Corp., | |||||
Gtd. Notes(aa) | 5.000 | 03/01/25 | 1,225 | 1,246,968 | |
Gtd. Notes, 144A(aa) | 5.375 | 03/01/30 | 1,000 | 1,059,178 | |
Gtd. Notes, 144A(aa) | 7.625 | 02/01/29 | 1,425 | 1,578,556 | |
Gtd. Notes, 144A | 8.375 | 07/15/26 | 162 | 182,318 | |
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc., Sr. Unsec’d. Notes, 144A(aa) | 5.250 | 08/15/27 | 1,275 | 1,271,979 | |
Artera Services LLC, Sr. Sec’d. Notes, 144A | 9.033 | 12/04/25 | 225 | 242,187 | |
Ascent Resources Utica Holdings LLC/ARU Finance Corp., Gtd. Notes, 144A | 9.000 | 11/01/27 | 393 | 537,422 | |
Ashton Woods USA LLC/Ashton Woods Finance Co., Sr. Unsec’d. Notes, 144A | 4.625 | 04/01/30 | 325 | 320,796 | |
B&G Foods, Inc., Gtd. Notes(aa) | 5.250 | 09/15/27 | 1,270 | 1,303,068 | |
Banff Merger Sub, Inc., Sr. Unsec’d. Notes(aa) | 8.375 | 09/01/26 | EUR | 5,050 | 6,077,347 |
Bausch Health Cos., Inc., | |||||
Gtd. Notes, 144A(aa) | 5.000 | 01/30/28 | 1,200 | 1,111,092 | |
Gtd. Notes, 144A(aa) | 5.250 | 01/30/30 | 2,325 | 2,100,899 | |
Gtd. Notes, 144A(aa) | 5.250 | 02/15/31 | 1,825 | 1,643,139 | |
Gtd. Notes, 144A(aa) | 6.125 | 04/15/25 | 877 | 893,868 | |
Gtd. Notes, 144A(aa) | 6.250 | 02/15/29 | 3,540 | 3,429,348 | |
Gtd. Notes, 144A(aa) | 7.000 | 01/15/28 | 875 | 886,920 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Beazer Homes USA, Inc., | |||||
Gtd. Notes(aa) | 5.875 % | 10/15/27 | 1,650 | $1,723,994 | |
Gtd. Notes(aa) | 7.250 | 10/15/29 | 1,725 | 1,884,846 | |
Boeing Co. (The), | |||||
Sr. Unsec’d. Notes(aa) | 5.150 | 05/01/30 | 2,600 | 3,034,312 | |
Sr. Unsec’d. Notes(aa) | 5.805 | 05/01/50 | 3,725 | 5,105,971 | |
Sr. Unsec’d. Notes | 5.930 | 05/01/60 | 275 | 386,772 | |
Boyd Gaming Corp., | |||||
Gtd. Notes | 4.750 | 12/01/27 | 75 | 77,250 | |
Gtd. Notes, 144A | 4.750 | 06/15/31 | 100 | 102,948 | |
Gtd. Notes, 144A | 8.625 | 06/01/25 | 500 | 540,794 | |
Brightstar Escrow Corp., Sr. Sec’d. Notes, 144A(aa) | 9.750 | 10/15/25 | 790 | 847,165 | |
Brinker International, Inc., Gtd. Notes, 144A(aa) | 5.000 | 10/01/24 | 800 | 847,410 | |
C&S Group Enterprises LLC, Gtd. Notes, 144A(aa) | 5.000 | 12/15/28 | 1,000 | 930,537 | |
Caesars Entertainment, Inc., | |||||
Sr. Sec’d. Notes, 144A(aa) | 6.250 | 07/01/25 | 1,110 | 1,168,400 | |
Sr. Unsec’d. Notes, 144A | 4.625 | 10/15/29 | 775 | 779,625 | |
Calpine Corp., | |||||
Sr. Unsec’d. Notes, 144A(aa) | 4.625 | 02/01/29 | 900 | 875,068 | |
Sr. Unsec’d. Notes, 144A(aa) | 5.000 | 02/01/31 | 1,375 | 1,347,139 | |
Sr. Unsec’d. Notes, 144A(aa) | 5.125 | 03/15/28 | 7,175 | 7,157,110 | |
Carriage Services, Inc., Gtd. Notes, 144A | 4.250 | 05/15/29 | 475 | 475,780 | |
Catalent Pharma Solutions, Inc., Gtd. Notes, 144A | 3.125 | 02/15/29 | 400 | 390,429 | |
CCM Merger, Inc., Sr. Unsec’d. Notes, 144A | 6.375 | 05/01/26 | 325 | 342,134 | |
CCO Holdings LLC/CCO Holdings Capital Corp., | |||||
Sr. Unsec’d. Notes(aa) | 4.500 | 05/01/32 | 1,300 | 1,310,800 | |
Sr. Unsec’d. Notes, 144A(aa) | 4.250 | 02/01/31 | 2,550 | 2,537,507 | |
Sr. Unsec’d. Notes, 144A | 4.500 | 06/01/33 | 750 | 748,286 | |
Sr. Unsec’d. Notes, 144A(aa) | 4.750 | 03/01/30 | 4,150 | 4,289,562 | |
Sr. Unsec’d. Notes, 144A | 5.375 | 06/01/29 | 2,034 | 2,186,067 | |
Central Garden & Pet Co., Gtd. Notes, 144A | 4.125 | 04/30/31 | 275 | 276,672 | |
Cheniere Energy Partners LP, Gtd. Notes, 144A(aa) | 4.000 | 03/01/31 | 1,400 | 1,456,815 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Cheniere Energy, Inc., Sr. Sec’d. Notes(aa) | 4.625 % | 10/15/28 | 3,900 | $4,094,781 | |
Chesapeake Energy Corp., | |||||
Gtd. Notes, 144A | 5.500 | 02/01/26 | 450 | 470,982 | |
Gtd. Notes, 144A | 5.875 | 02/01/29 | 475 | 505,781 | |
Churchill Downs, Inc., Gtd. Notes, 144A | 5.500 | 04/01/27 | 600 | 621,744 | |
Citgo Holding, Inc., Sr. Sec’d. Notes, 144A | 9.250 | 08/01/24 | 900 | 919,127 | |
CITGO Petroleum Corp., Sr. Sec’d. Notes, 144A(aa) | 7.000 | 06/15/25 | 1,325 | 1,364,397 | |
CNX Midstream Partners LP, Gtd. Notes, 144A | 4.750 | 04/15/30 | 250 | 250,324 | |
CNX Resources Corp., Gtd. Notes, 144A(aa) | 7.250 | 03/14/27 | 1,875 | 1,991,024 | |
Comstock Resources, Inc., | |||||
Gtd. Notes, 144A | 5.875 | 01/15/30 | 700 | 728,103 | |
Gtd. Notes, 144A(aa) | 6.750 | 03/01/29 | 1,000 | 1,074,731 | |
Cooper-Standard Automotive, Inc., Gtd. Notes, 144A(aa) | 5.625 | 11/15/26 | 1,195 | 958,523 | |
Cornerstone Building Brands, Inc., Gtd. Notes, 144A(aa) | 6.125 | 01/15/29 | 1,100 | 1,145,048 | |
Cornerstone Chemical Co., Sr. Sec’d. Notes, 144A | 6.750 | 08/15/24 | 2,745 | 2,469,151 | |
CrownRock LP/CrownRock Finance, Inc., Sr. Unsec’d. Notes, 144A | 5.000 | 05/01/29 | 275 | 283,470 | |
CSC Holdings LLC, | |||||
Gtd. Notes, 144A(aa) | 4.125 | 12/01/30 | 900 | 861,984 | |
Sr. Unsec’d. Notes, 144A(aa) | 4.625 | 12/01/30 | 3,300 | 3,024,299 | |
Dana, Inc., | |||||
Sr. Unsec’d. Notes | 4.250 | 09/01/30 | 450 | 455,274 | |
Sr. Unsec’d. Notes(aa) | 5.625 | 06/15/28 | 430 | 455,110 | |
DaVita, Inc., | |||||
Gtd. Notes, 144A(aa) | 3.750 | 02/15/31 | 925 | 876,812 | |
Gtd. Notes, 144A(aa) | 4.625 | 06/01/30 | 2,700 | 2,715,431 | |
Diamond Sports Group LLC/Diamond Sports Finance Co., | |||||
Gtd. Notes, 144A(aa) | 6.625 | 08/15/27 | 4,125 | 1,233,703 | |
Sr. Sec’d. Notes, 144A(aa) | 5.375 | 08/15/26 | 2,150 | 1,214,750 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
DISH DBS Corp., | |||||
Gtd. Notes | 5.125 % | 06/01/29 | 975 | $938,981 | |
Gtd. Notes(aa) | 7.375 | 07/01/28 | 440 | 463,018 | |
Gtd. Notes(aa) | 7.750 | 07/01/26 | 2,805 | 3,122,174 | |
Diversified Healthcare Trust, | |||||
Gtd. Notes | 4.375 | 03/01/31 | 750 | 728,964 | |
Gtd. Notes(aa) | 9.750 | 06/15/25 | 2,100 | 2,281,172 | |
Endeavor Energy Resources LP/EER Finance, Inc., Sr. Unsec’d. Notes, 144A | 6.625 | 07/15/25 | 350 | 369,104 | |
Endo Luxembourg Finance Co. I Sarl/Endo US, Inc., Sr. Sec’d. Notes, 144A | 6.125 | 04/01/29 | 700 | 689,453 | |
Energy Transfer LP, Jr. Sub. Notes, Series G(aa) | 7.125(ff) | 05/15/30(oo) | 1,275 | 1,332,683 | |
EQM Midstream Partners LP, | |||||
Sr. Unsec’d. Notes, 144A | 6.000 | 07/01/25 | 390 | 424,796 | |
Sr. Unsec’d. Notes, 144A(aa) | 6.500 | 07/01/27 | 480 | 534,120 | |
EQT Corp., | |||||
Sr. Unsec’d. Notes | 5.000 | 01/15/29 | 350 | 389,301 | |
Sr. Unsec’d. Notes | 7.500 | 02/01/30 | 175 | 224,096 | |
Five Point Operating Co. LP/Five Point Capital Corp., Gtd. Notes, 144A(aa) | 7.875 | 11/15/25 | 1,350 | 1,406,697 | |
Ford Motor Co., | |||||
Sr. Unsec’d. Notes(aa) | 4.750 | 01/15/43 | 4,913 | 5,368,233 | |
Sr. Unsec’d. Notes(aa) | 5.291 | 12/08/46 | 6,275 | 7,206,321 | |
Sr. Unsec’d. Notes | 7.400 | 11/01/46 | 1,000 | 1,371,446 | |
Sr. Unsec’d. Notes(aa) | 9.000 | 04/22/25 | 3,000 | 3,607,836 | |
Forestar Group, Inc., | |||||
Gtd. Notes, 144A | 3.850 | 05/15/26 | 525 | 525,177 | |
Gtd. Notes, 144A(aa) | 5.000 | 03/01/28 | 800 | 827,311 | |
Fortress Transportation & Infrastructure Investors LLC, Sr. Unsec’d. Notes, 144A | 5.500 | 05/01/28 | 300 | 300,862 | |
Foundation Building Materials, Inc., Gtd. Notes, 144A | 6.000 | 03/01/29 | 550 | 532,553 | |
Freedom Mortgage Corp., Sr. Unsec’d. Notes, 144A(aa) | 7.625 | 05/01/26 | 850 | 832,735 | |
Gap, Inc. (The), | |||||
Gtd. Notes, 144A | 3.625 | 10/01/29 | 250 | 245,187 | |
Gtd. Notes, 144A | 3.875 | 10/01/31 | 475 | 466,007 | |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Global Partners LP/GLP Finance Corp., Gtd. Notes | 6.875 % | 01/15/29 | 450 | $466,172 | |
Golden Entertainment, Inc., Sr. Unsec’d. Notes, 144A | 7.625 | 04/15/26 | 2,150 | 2,258,537 | |
Golden Nugget, Inc., Sr. Unsec’d. Notes, 144A(aa) | 6.750 | 10/15/24 | 1,650 | 1,656,068 | |
Greystar Real Estate Partners LLC, Sr. Sec’d. Notes, 144A | 5.750 | 12/01/25 | 1,400 | 1,424,256 | |
Griffon Corp., Gtd. Notes(aa) | 5.750 | 03/01/28 | 1,775 | 1,856,071 | |
H&E Equipment Services, Inc., Gtd. Notes, 144A(aa) | 3.875 | 12/15/28 | 2,150 | 2,141,930 | |
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd., Sr. Sec’d. Notes, 144A | 5.750 | 01/20/26 | 675 | 708,750 | |
Hecla Mining Co., Gtd. Notes(aa) | 7.250 | 02/15/28 | 480 | 516,638 | |
Hexion, Inc., Gtd. Notes, 144A(aa) | 7.875 | 07/15/27 | 835 | 885,100 | |
Hilcorp Energy I LP/Hilcorp Finance Co., | |||||
Sr. Unsec’d. Notes, 144A | 5.750 | 10/01/25 | 1,625 | 1,658,313 | |
Sr. Unsec’d. Notes, 144A | 5.750 | 02/01/29 | 325 | 331,162 | |
Sr. Unsec’d. Notes, 144A | 6.000 | 02/01/31 | 325 | 333,758 | |
Sr. Unsec’d. Notes, 144A(aa) | 6.250 | 11/01/28 | 900 | 923,370 | |
Hilton Domestic Operating Co., Inc., | |||||
Gtd. Notes, 144A(aa) | 3.625 | 02/15/32 | 1,000 | 976,427 | |
Gtd. Notes, 144A(aa) | 4.000 | 05/01/31 | 2,168 | 2,178,997 | |
Gtd. Notes, 144A | 5.750 | 05/01/28 | 400 | 429,796 | |
Home Point Capital, Inc., Gtd. Notes, 144A(aa) | 5.000 | 02/01/26 | 850 | 763,915 | |
Howard Hughes Corp. (The), | |||||
Gtd. Notes, 144A(aa) | 4.125 | 02/01/29 | 1,150 | 1,152,010 | |
Gtd. Notes, 144A(aa) | 4.375 | 02/01/31 | 800 | 799,981 | |
Hunt Cos., Inc., Sr. Sec’d. Notes, 144A(aa) | 5.250 | 04/15/29 | 1,875 | 1,846,934 | |
Ingevity Corp., Gtd. Notes, 144A(aa) | 3.875 | 11/01/28 | 475 | 467,247 | |
International Game Technology PLC, | |||||
Sr. Sec’d. Notes, 144A(aa) | 5.250 | 01/15/29 | 600 | 631,416 | |
Sr. Sec’d. Notes, 144A(aa) | 6.250 | 01/15/27 | 1,500 | 1,689,582 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Jacobs Entertainment, Inc., Sec’d. Notes, 144A(aa) | 7.875 % | 02/01/24 | 3,025 | $3,115,760 | |
Jazz Securities DAC, Sr. Sec’d. Notes, 144A | 4.375 | 01/15/29 | 475 | 488,635 | |
JBS USA Food Co., Gtd. Notes, 144A(aa) | 5.750 | 01/15/28 | 755 | 788,241 | |
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc., Gtd. Notes, 144A(aa) | 6.500 | 04/15/29 | 2,637 | 2,928,114 | |
KB Home, | |||||
Gtd. Notes | 4.000 | 06/15/31 | 575 | 584,418 | |
Gtd. Notes(aa) | 4.800 | 11/15/29 | 600 | 647,353 | |
Kraft Heinz Foods Co., | |||||
Gtd. Notes(aa) | 5.500 | 06/01/50 | 2,900 | 3,887,254 | |
Gtd. Notes(aa) | 6.500 | 02/09/40 | 725 | 1,033,529 | |
Gtd. Notes | 6.875 | 01/26/39 | 300 | 440,195 | |
LABL, Inc., | |||||
Sr. Sec’d. Notes, 144A | 5.875 | 11/01/28 | 500 | 504,021 | |
Sr. Unsec’d. Notes, 144A | 8.250 | 11/01/29 | 500 | 491,415 | |
LBM Acquisition LLC, Gtd. Notes, 144A | 6.250 | 01/15/29 | 300 | 291,198 | |
LCM Investments Holdings II LLC, Sr. Unsec’d. Notes, 144A | 4.875 | 05/01/29 | 525 | 539,032 | |
LD Holdings Group LLC, Gtd. Notes, 144A | 6.125 | 04/01/28 | 925 | 847,622 | |
Lumen Technologies, Inc., Sr. Unsec’d. Notes, Series U(aa) | 7.650 | 03/15/42 | 1,725 | 1,905,082 | |
M/I Homes, Inc., Gtd. Notes(aa) | 4.950 | 02/01/28 | 1,075 | 1,120,189 | |
Masonite International Corp., | |||||
Gtd. Notes, 144A | 3.500 | 02/15/30 | 450 | 438,593 | |
Gtd. Notes, 144A(aa) | 5.375 | 02/01/28 | 455 | 478,240 | |
Maxim Crane Works Holdings Capital LLC, Sec’d. Notes, 144A | 10.125 | 08/01/24 | 1,779 | 1,828,792 | |
MEDNAX, Inc., Gtd. Notes, 144A(aa) | 6.250 | 01/15/27 | 796 | 835,560 | |
Metis Merger Sub LLC, Sr. Unsec’d. Notes, 144A(aa) | 6.500 | 05/15/29 | 1,500 | 1,485,405 | |
MGM Resorts International, | |||||
Gtd. Notes | 4.625 | 09/01/26 | 700 | 731,023 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
MGM Resorts International, (cont’d.) | |||||
Gtd. Notes(aa) | 4.750 % | 10/15/28 | 1,575 | $1,638,193 | |
Gtd. Notes(aa) | 6.750 | 05/01/25 | 1,475 | 1,555,858 | |
Midcontinent Communications/Midcontinent Finance Corp., Gtd. Notes, 144A(aa) | 5.375 | 08/15/27 | 700 | 727,762 | |
Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp., Sr. Sec’d. Notes, 144A(aa) | 4.875 | 05/01/29 | 1,125 | 1,135,248 | |
Mozart Debt Merger Sub, Inc., | |||||
Sr. Sec’d. Notes, 144A | 3.875 | 04/01/29 | 1,200 | 1,194,233 | |
Sr. Unsec’d. Notes, 144A | 5.250 | 10/01/29 | 1,275 | 1,295,893 | |
MPH Acquisition Holdings LLC, Sr. Sec’d. Notes, 144A | 5.500 | 09/01/28 | 650 | 645,932 | |
MPT Operating Partnership LP/MPT Finance Corp., | |||||
Gtd. Notes(aa) | 2.500 | 03/24/26 | GBP | 2,750 | 3,793,560 |
Gtd. Notes(aa) | 5.000 | 10/15/27 | 588 | 618,835 | |
Nabors Industries Ltd., | |||||
Gtd. Notes, 144A | 7.250 | 01/15/26 | 575 | 560,784 | |
Gtd. Notes, 144A | 7.500 | 01/15/28 | 1,075 | 1,030,308 | |
Nabors Industries, Inc., Gtd. Notes(aa) | 5.750 | 02/01/25 | 1,725 | 1,639,839 | |
Nationstar Mortgage Holdings, Inc., | |||||
Gtd. Notes, 144A(aa) | 5.125 | 12/15/30 | 1,525 | 1,536,686 | |
Gtd. Notes, 144A(aa) | 5.500 | 08/15/28 | 615 | 630,015 | |
NCL Corp. Ltd., | |||||
Sr. Sec’d. Notes, 144A | 10.250 | 02/01/26 | 1,190 | 1,366,419 | |
Sr. Sec’d. Notes, 144A | 12.250 | 05/15/24 | 125 | 147,496 | |
NCR Corp., | |||||
Gtd. Notes, 144A(aa) | 5.000 | 10/01/28 | 650 | 661,931 | |
Gtd. Notes, 144A | 5.250 | 10/01/30 | 300 | 309,596 | |
NESCO Holdings II, Inc., Sec’d. Notes, 144A | 5.500 | 04/15/29 | 525 | 536,678 | |
Nielsen Finance LLC/Nielsen Finance Co., | |||||
Gtd. Notes, 144A(aa) | 5.625 | 10/01/28 | 135 | 140,475 | |
Gtd. Notes, 144A | 5.875 | 10/01/30 | 225 | 236,083 | |
Novelis Corp., Gtd. Notes, 144A(aa) | 4.750 | 01/30/30 | 336 | 349,167 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
NRG Energy, Inc., | |||||
Gtd. Notes(aa) | 5.750 % | 01/15/28 | 1,240 | $1,315,003 | |
Gtd. Notes, 144A | 3.875 | 02/15/32 | 675 | 661,463 | |
Occidental Petroleum Corp., | |||||
Sr. Unsec’d. Notes | 4.100 | 02/15/47 | 125 | 121,853 | |
Sr. Unsec’d. Notes(aa) | 4.400 | 04/15/46 | 850 | 860,288 | |
Sr. Unsec’d. Notes(aa) | 4.625 | 06/15/45 | 475 | 489,555 | |
Sr. Unsec’d. Notes | 5.875 | 09/01/25 | 350 | 388,500 | |
Sr. Unsec’d. Notes(aa) | 6.125 | 01/01/31 | 1,550 | 1,854,315 | |
Sr. Unsec’d. Notes(aa) | 6.625 | 09/01/30 | 700 | 857,771 | |
Olympus Water US Holding Corp., | |||||
Sr. Sec’d. Notes, 144A | 3.875 | 10/01/28 | EUR | 375 | 432,125 |
Sr. Unsec’d. Notes, 144A | 5.375 | 10/01/29 | EUR | 1,550 | 1,738,135 |
OneMain Finance Corp., | |||||
Gtd. Notes | 3.875 | 09/15/28 | 475 | 463,443 | |
Gtd. Notes(aa) | 6.875 | 03/15/25 | 1,567 | 1,752,010 | |
Gtd. Notes(aa) | 7.125 | 03/15/26 | 1,725 | 1,959,050 | |
Organon & Co./Organon Foreign Debt Co-Issuer BV, Sr. Unsec’d. Notes, 144A | 5.125 | 04/30/31 | 675 | 696,198 | |
Owens-Brockway Glass Container, Inc., Gtd. Notes, 144A(aa) | 6.625 | 05/13/27 | 1,775 | 1,895,537 | |
P&L Development LLC/PLD Finance Corp., Sr. Sec’d. Notes, 144A(aa) | 7.750 | 11/15/25 | 775 | 796,192 | |
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer, | |||||
Sr. Sec’d. Notes, 144A(aa) | 5.875 | 10/01/28 | 950 | 997,427 | |
Sr. Sec’d. Notes, 144A(aa) | 7.500 | 06/01/25 | 1,955 | 2,076,717 | |
Park River Holdings, Inc., Gtd. Notes, 144A(aa) | 5.625 | 02/01/29 | 1,350 | 1,263,715 | |
Patrick Industries, Inc., Gtd. Notes, 144A | 4.750 | 05/01/29 | 150 | 149,238 | |
Peninsula Pacific Entertainment LLC/Peninsula Pacific Entertainment Finance, Inc., Sr. Unsec’d. Notes, 144A | 8.500 | 11/15/27 | 1,550 | 1,654,001 | |
Penn National Gaming, Inc., | |||||
Sr. Unsec’d. Notes, 144A | 4.125 | 07/01/29 | 375 | 367,683 | |
Sr. Unsec’d. Notes, 144A | 5.625 | 01/15/27 | 300 | 309,977 | |
PennyMac Financial Services, Inc., Gtd. Notes, 144A | 5.375 | 10/15/25 | 650 | 670,468 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
PG&E Corp., | |||||
Sr. Sec’d. Notes(aa) | 5.000 % | 07/01/28 | 590 | $613,369 | |
Sr. Sec’d. Notes(aa) | 5.250 | 07/01/30 | 2,475 | 2,586,598 | |
Pilgrim’s Pride Corp., Gtd. Notes, 144A(aa) | 5.875 | 09/30/27 | 4,300 | 4,532,073 | |
PM General Purchaser LLC, Sr. Sec’d. Notes, 144A(aa) | 9.500 | 10/01/28 | 1,000 | 1,042,804 | |
Post Holdings, Inc., Gtd. Notes, 144A(aa) | 5.500 | 12/15/29 | 925 | 983,764 | |
Premier Entertainment Sub LLC/Premier Entertainment Finance Corp., | |||||
Gtd. Notes, 144A | 5.625 | 09/01/29 | 550 | 560,310 | |
Gtd. Notes, 144A | 5.875 | 09/01/31 | 1,250 | 1,275,040 | |
Prestige Brands, Inc., Gtd. Notes, 144A | 3.750 | 04/01/31 | 500 | 483,361 | |
Prime Healthcare Services, Inc., Sr. Sec’d. Notes, 144A(aa) | 7.250 | 11/01/25 | 1,425 | 1,520,397 | |
Radiate Holdco LLC/Radiate Finance, Inc., | |||||
Sr. Sec’d. Notes, 144A(aa) | 4.500 | 09/15/26 | 1,000 | 1,016,228 | |
Sr. Unsec’d. Notes, 144A(aa) | 6.500 | 09/15/28 | 950 | 950,654 | |
Rain CII Carbon LLC/CII Carbon Corp., Sec’d. Notes, 144A(aa) | 7.250 | 04/01/25 | 1,750 | 1,786,491 | |
Range Resources Corp., Gtd. Notes(aa) | 5.000 | 03/15/23 | 1,032 | 1,060,686 | |
RHP Hotel Properties LP/RHP Finance Corp., Gtd. Notes, 144A | 4.500 | 02/15/29 | 400 | 397,613 | |
Roller Bearing Co. of America, Inc., Sr. Sec’d. Notes, 144A | 4.375 | 10/15/29 | 625 | 637,292 | |
Sally Holdings LLC/Sally Capital, Inc., | |||||
Gtd. Notes | 5.625 | 12/01/25 | 325 | 332,048 | |
Sec’d. Notes, 144A(aa) | 8.750 | 04/30/25 | 876 | 940,649 | |
Scientific Games International, Inc., Gtd. Notes, 144A | 8.625 | 07/01/25 | 1,500 | 1,621,338 | |
Scotts Miracle-Gro Co. (The), | |||||
Gtd. Notes, 144A(aa) | 4.000 | 04/01/31 | 1,450 | 1,437,164 | |
Gtd. Notes, 144A | 4.375 | 02/01/32 | 425 | 427,418 | |
Southwestern Energy Co., Gtd. Notes(aa) | 5.375 | 03/15/30 | 1,275 | 1,345,401 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
SRM Escrow Issuer LLC, Sr. Sec’d. Notes, 144A(aa) | 6.000 % | 11/01/28 | 1,700 | $1,770,922 | |
SSL Robotics LLC, Sr. Sec’d. Notes, 144A(aa) | 9.750 | 12/31/23 | 751 | 811,754 | |
Standard Industries, Inc., | |||||
Sr. Unsec’d. Notes, 144A(aa) | 3.375 | 01/15/31 | 1,050 | 974,382 | |
Sr. Unsec’d. Notes, 144A(aa) | 4.375 | 07/15/30 | 1,050 | 1,053,701 | |
Sr. Unsec’d. Notes, 144A(aa) | 5.000 | 02/15/27 | 430 | 441,370 | |
Summit Materials LLC/Summit Materials Finance Corp., | |||||
Gtd. Notes, 144A | 5.250 | 01/15/29 | 270 | 283,883 | |
Gtd. Notes, 144A(aa) | 6.500 | 03/15/27 | 1,375 | 1,442,690 | |
Sunoco LP/Sunoco Finance Corp., | |||||
Gtd. Notes | 4.500 | 05/15/29 | 700 | 709,862 | |
Gtd. Notes, 144A | 4.500 | 04/30/30 | 850 | 857,413 | |
SWF Escrow Issuer Corp., Sr. Unsec’d. Notes, 144A | 6.500 | 10/01/29 | 1,475 | 1,411,928 | |
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., | |||||
Gtd. Notes, 144A(aa) | 5.500 | 01/15/28 | 3,238 | 3,248,957 | |
Gtd. Notes, 144A | 6.000 | 12/31/30 | 150 | 150,081 | |
Gtd. Notes, 144A | 7.500 | 10/01/25 | 225 | 243,310 | |
Targa Resources Partners LP/Targa Resources Partners Finance Corp., | |||||
Gtd. Notes | 5.000 | 01/15/28 | 200 | 210,360 | |
Gtd. Notes(aa) | 5.375 | 02/01/27 | 1,300 | 1,345,559 | |
Gtd. Notes | 5.500 | 03/01/30 | 150 | 164,929 | |
Taylor Morrison Communities, Inc., | |||||
Gtd. Notes, 144A(aa) | 5.875 | 06/15/27 | 175 | 196,434 | |
Gtd. Notes, 144A(aa) | 6.625 | 07/15/27 | 2,475 | 2,611,253 | |
Sr. Unsec’d. Notes, 144A(aa) | 5.125 | 08/01/30 | 1,675 | 1,783,675 | |
Tempo Acquisition LLC/Tempo Acquisition Finance Corp., Sr. Sec’d. Notes, 144A | 5.750 | 06/01/25 | 425 | 444,926 | |
Tenet Healthcare Corp., | |||||
Gtd. Notes, 144A | 6.125 | 10/01/28 | 175 | 183,786 | |
Sr. Sec’d. Notes, 144A(aa) | 4.250 | 06/01/29 | 1,925 | 1,951,224 | |
Sr. Sec’d. Notes, 144A | 4.625 | 06/15/28 | 350 | 364,287 | |
Sr. Unsec’d. Notes(aa) | 6.750 | 06/15/23 | 1,225 | 1,316,326 | |
Sr. Unsec’d. Notes(aa) | 6.875 | 11/15/31 | 525 | 605,191 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Tenneco, Inc., Sr. Sec’d. Notes, 144A(aa) | 5.125 % | 04/15/29 | 1,600 | $1,585,553 | |
Terrier Media Buyer, Inc., Gtd. Notes, 144A | 8.875 | 12/15/27 | 2,295 | 2,431,594 | |
TI Automotive Finance PLC, | |||||
Sr. Unsec’d. Notes | 3.750 | 04/15/29 | EUR | 1,200 | 1,387,891 |
Sr. Unsec’d. Notes, 144A(aa) | 3.750 | 04/15/29 | EUR | 1,625 | 1,879,436 |
Titan International, Inc., Sr. Sec’d. Notes, 144A | 7.000 | 04/30/28 | 500 | 514,249 | |
TopBuild Corp., | |||||
Gtd. Notes, 144A | 3.625 | 03/15/29 | 575 | 578,049 | |
Gtd. Notes, 144A | 4.125 | 02/15/32 | 500 | 503,505 | |
TPC Group, Inc., | |||||
Sr. Sec’d. Notes, 144A(aa) | 10.500 | 08/01/24 | 1,475 | 1,336,488 | |
Sr. Sec’d. Notes, 144A | 10.875 | 08/01/24 | 363 | 387,800 | |
TransDigm, Inc., Gtd. Notes | 4.625 | 01/15/29 | 950 | 943,966 | |
Transocean, Inc., Gtd. Notes, 144A | 8.000 | 02/01/27 | 350 | 267,602 | |
Tri Pointe Homes, Inc., Gtd. Notes(aa) | 5.700 | 06/15/28 | 745 | 810,058 | |
Tronox, Inc., Sr. Sec’d. Notes, 144A(aa) | 6.500 | 05/01/25 | 850 | 892,769 | |
U.S. Foods, Inc., Gtd. Notes, 144A | 4.750 | 02/15/29 | 525 | 531,394 | |
Unifrax Escrow Issuer Corp., | |||||
Sr. Sec’d. Notes, 144A | 5.250 | 09/30/28 | 500 | 500,227 | |
Sr. Unsec’d. Notes, 144A | 7.500 | 09/30/29 | 275 | 273,407 | |
United Airlines, Inc., | |||||
Sr. Sec’d. Notes, 144A(aa) | 4.375 | 04/15/26 | 500 | 517,712 | |
Sr. Sec’d. Notes, 144A(aa) | 4.625 | 04/15/29 | 690 | 711,554 | |
United Rentals North America, Inc., | |||||
Gtd. Notes | 3.750 | 01/15/32 | 675 | 673,665 | |
Gtd. Notes(aa) | 4.875 | 01/15/28 | 3,600 | 3,801,609 | |
Gtd. Notes(aa) | 5.250 | 01/15/30 | 1,325 | 1,435,048 | |
Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC, Sr. Sec’d. Notes, 144A(aa) | 7.875 | 02/15/25 | 1,075 | 1,131,729 | |
Univision Communications, Inc., | |||||
Sr. Sec’d. Notes, 144A(aa) | 4.500 | 05/01/29 | 475 | 480,314 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Univision Communications, Inc., (cont’d.) | |||||
Sr. Sec’d. Notes, 144A(aa) | 6.625 % | 06/01/27 | 1,675 | $1,812,769 | |
Valvoline, Inc., | |||||
Gtd. Notes, 144A(aa) | 4.250 | 02/15/30 | 550 | 558,253 | |
Sr. Unsec’d. Notes, 144A(aa) | 3.625 | 06/15/31 | 500 | 489,281 | |
Vector Group Ltd., Sr. Sec’d. Notes, 144A(aa) | 5.750 | 02/01/29 | 3,050 | 3,042,598 | |
Venator Finance Sarl/Venator Materials LLC, | |||||
Gtd. Notes, 144A(aa) | 5.750 | 07/15/25 | 867 | 810,255 | |
Sr. Sec’d. Notes, 144A(aa) | 9.500 | 07/01/25 | 750 | 823,516 | |
Venture Global Calcasieu Pass LLC, | |||||
Sr. Sec’d. Notes, 144A | 3.875 | 08/15/29 | 645 | 656,960 | |
Sr. Sec’d. Notes, 144A | 4.125 | 08/15/31 | 370 | 383,260 | |
Viasat, Inc., Sr. Unsec’d. Notes, 144A | 6.500 | 07/15/28 | 505 | 530,728 | |
VICI Properties LP/VICI Note Co., Inc., | |||||
Gtd. Notes, 144A(aa) | 4.250 | 12/01/26 | 1,485 | 1,538,970 | |
Gtd. Notes, 144A(aa) | 4.625 | 12/01/29 | 1,205 | 1,286,826 | |
Viking Cruises Ltd., Gtd. Notes, 144A | 5.875 | 09/15/27 | 400 | 387,895 | |
Viking Ocean Cruises Ship VII Ltd., Sr. Sec’d. Notes, 144A | 5.625 | 02/15/29 | 250 | 249,006 | |
Vine Energy Holdings LLC, Gtd. Notes, 144A | 6.750 | 04/15/29 | 675 | 725,790 | |
Vista Outdoor, Inc., Gtd. Notes, 144A(aa) | 4.500 | 03/15/29 | 825 | 826,171 | |
Vistra Corp., Jr. Sub. Notes, 144A | 8.000(ff) | 10/15/26(oo) | 1,075 | 1,128,421 | |
Vistra Operations Co. LLC, | |||||
Gtd. Notes, 144A(aa) | 5.000 | 07/31/27 | 1,330 | 1,361,792 | |
Gtd. Notes, 144A(aa) | 5.625 | 02/15/27 | 2,000 | 2,060,905 | |
Sr. Unsec’d. Notes, 144A(aa) | 4.375 | 05/01/29 | 1,375 | 1,357,567 | |
White Cap Buyer LLC, Sr. Unsec’d. Notes, 144A | 6.875 | 10/15/28 | 525 | 542,775 | |
William Carter Co. (The), Gtd. Notes, 144A(aa) | 5.500 | 05/15/25 | 525 | 549,348 | |
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp., | |||||
Gtd. Notes, 144A(aa) | 5.125 | 10/01/29 | 610 | 613,354 | |
Sr. Unsec’d. Notes, 144A | 7.750 | 04/15/25 | 275 | 289,742 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Zayo Group Holdings, Inc., Sr. Sec’d. Notes, 144A | 4.000 % | 03/01/27 | 500 | $485,514 | |
352,688,090 | |||||
Vietnam 0.2% | |||||
Mong Duong Finance Holdings BV, Sr. Sec’d. Notes, 144A(aa) | 5.125 | 05/07/29 | 1,530 | 1,521,887 | |
Zambia 0.5% | |||||
First Quantum Minerals Ltd., | |||||
Gtd. Notes, 144A(aa) | 6.875 | 03/01/26 | 788 | 819,788 | |
Gtd. Notes, 144A | 6.875 | 10/15/27 | 300 | 321,084 | |
Gtd. Notes, 144A(aa) | 7.500 | 04/01/25 | 2,245 | 2,322,640 | |
3,463,512 | |||||
Total Corporate Bonds (cost $655,366,846) | 662,792,952 | ||||
Sovereign Bonds 16.6% | |||||
Angola 1.1% | |||||
Angolan Government International Bond, | |||||
Sr. Unsec’d. Notes | 8.250 | 05/09/28 | 1,790 | 1,800,084 | |
Sr. Unsec’d. Notes | 9.375 | 05/08/48 | 490 | 487,134 | |
Sr. Unsec’d. Notes | 9.500 | 11/12/25 | 3,960 | 4,292,192 | |
Sr. Unsec’d. Notes, EMTN | 8.000 | 11/26/29 | 450 | 446,907 | |
Sr. Unsec’d. Notes, EMTN | 9.125 | 11/26/49 | 350 | 342,301 | |
7,368,618 | |||||
Argentina 1.7% | |||||
Argentine Republic Government International Bond, | |||||
Sr. Unsec’d. Notes | 0.500(cc) | 07/09/30 | 15,126 | 5,185,265 | |
Sr. Unsec’d. Notes | 1.000 | 07/09/29 | 1,237 | 450,043 | |
Sr. Unsec’d. Notes | 1.125(cc) | 07/09/35 | 1,864 | 575,701 | |
Sr. Unsec’d. Notes | 2.000(cc) | 01/09/38 | 7,699 | 2,812,116 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Argentina (cont’d.) | |||||
Provincia de Buenos Aires, Sr. Unsec’d. Notes, 144A, MTN | 3.900 %(cc) | 09/01/37 | 5,304 | $2,348,306 | |
11,371,431 | |||||
Bahrain 0.3% | |||||
Bahrain Government International Bond, | |||||
Sr. Unsec’d. Notes(aa) | 6.750 | 09/20/29 | 1,240 | 1,338,555 | |
Sr. Unsec’d. Notes | 7.500 | 09/20/47 | 421 | 435,739 | |
1,774,294 | |||||
Belarus 0.1% | |||||
Republic of Belarus International Bond, Sr. Unsec’d. Notes | 7.625 | 06/29/27 | 730 | 707,821 | |
Brazil 0.2% | |||||
Brazilian Government International Bond, Sr. Unsec’d. Notes(aa) | 5.625 | 01/07/41 | 1,500 | 1,468,547 | |
Cameroon 0.2% | |||||
Republic of Cameroon International Bond, | |||||
Sr. Unsec’d. Notes | 5.950 | 07/07/32 | EUR | 290 | 327,169 |
Sr. Unsec’d. Notes | 9.500 | 11/19/25 | 1,080 | 1,194,905 | |
1,522,074 | |||||
Colombia 1.0% | |||||
Colombia Government International Bond, | |||||
Sr. Unsec’d. Notes(aa) | 3.875 | 04/25/27 | 1,290 | 1,337,536 | |
Sr. Unsec’d. Notes(aa) | 4.500 | 03/15/29 | 1,550 | 1,638,683 | |
Sr. Unsec’d. Notes(aa) | 6.125 | 01/18/41 | 2,645 | 2,931,232 | |
Sr. Unsec’d. Notes | 7.375 | 09/18/37 | 780 | 964,124 | |
6,871,575 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Costa Rica 0.2% | |||||
Costa Rica Government International Bond, | |||||
Sr. Unsec’d. Notes | 6.125 % | 02/19/31 | 940 | $963,216 | |
Sr. Unsec’d. Notes | 7.158 | 03/12/45 | 630 | 636,309 | |
1,599,525 | |||||
Dominican Republic 1.0% | |||||
Dominican Republic International Bond, | |||||
Sr. Unsec’d. Notes | 5.500 | 01/27/25 | 1,225 | 1,331,652 | |
Sr. Unsec’d. Notes | 6.850 | 01/27/45 | 1,840 | 2,052,327 | |
Sr. Unsec’d. Notes | 7.450 | 04/30/44 | 2,300 | 2,747,688 | |
Sr. Unsec’d. Notes, 144A | 5.875 | 01/30/60 | 855 | 835,069 | |
6,966,736 | |||||
Ecuador 0.4% | |||||
Ecuador Government International Bond, | |||||
Sr. Unsec’d. Notes, 144A | 0.500(cc) | 07/31/40 | 901 | 543,206 | |
Sr. Unsec’d. Notes, 144A | 1.000(cc) | 07/31/35 | 1,829 | 1,208,749 | |
Sr. Unsec’d. Notes, 144A | 5.000(cc) | 07/31/30 | 786 | 652,706 | |
Sr. Unsec’d. Notes, 144A | 5.583(s) | 07/31/30 | 414 | 221,602 | |
2,626,263 | |||||
Egypt 0.5% | |||||
Egypt Government International Bond, | |||||
Sr. Unsec’d. Notes, 144A, MTN | 6.375 | 04/11/31 | EUR | 1,845 | 2,009,537 |
Sr. Unsec’d. Notes, EMTN | 4.750 | 04/16/26 | EUR | 435 | 492,803 |
Sr. Unsec’d. Notes, EMTN | 5.625 | 04/16/30 | EUR | 860 | 915,863 |
3,418,203 | |||||
El Salvador 0.3% | |||||
El Salvador Government International Bond, | |||||
Sr. Unsec’d. Notes | 7.750 | 01/24/23 | 1,530 | 1,348,040 | |
Sr. Unsec’d. Notes | 8.250 | 04/10/32 | 1,000 | 780,294 | |
2,128,334 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Gabon 0.4% | |||||
Gabon Government International Bond, | |||||
Bonds | 6.375 % | 12/12/24 | 1,410 | $1,495,057 | |
Sr. Unsec’d. Notes | 6.625 | 02/06/31 | 340 | 339,117 | |
Sr. Unsec’d. Notes, 144A | 6.625 | 02/06/31 | 650 | 648,313 | |
2,482,487 | |||||
Ghana 0.2% | |||||
Ghana Government International Bond, | |||||
Sr. Unsec’d. Notes | 7.875 | 03/26/27 | 930 | 863,188 | |
Sr. Unsec’d. Notes | 8.125 | 01/18/26 | 670 | 646,438 | |
1,509,626 | |||||
Guatemala 0.2% | |||||
Guatemala Government Bond, | |||||
Sr. Unsec’d. Notes | 4.375 | 06/05/27 | 600 | 641,359 | |
Sr. Unsec’d. Notes | 4.900 | 06/01/30 | 450 | 487,676 | |
Sr. Unsec’d. Notes | 6.125 | 06/01/50 | 300 | 352,144 | |
1,481,179 | |||||
Honduras 0.4% | |||||
Honduras Government International Bond, | |||||
Sr. Unsec’d. Notes | 6.250 | 01/19/27 | 1,220 | 1,276,680 | |
Sr. Unsec’d. Notes | 7.500 | 03/15/24 | 1,050 | 1,099,830 | |
2,376,510 | |||||
Iraq 0.5% | |||||
Iraq International Bond, | |||||
Sr. Unsec’d. Notes | 5.800 | 01/15/28 | 630 | 613,383 | |
Sr. Unsec’d. Notes | 6.752 | 03/09/23 | 2,975 | 3,038,327 | |
3,651,710 | |||||
Ivory Coast 0.9% | |||||
Ivory Coast Government International Bond, | |||||
Sr. Unsec’d. Notes | 4.875 | 01/30/32 | EUR | 270 | 305,289 |
Sr. Unsec’d. Notes | 5.250 | 03/22/30 | EUR | 1,070 | 1,271,881 |
Sr. Unsec’d. Notes | 5.875 | 10/17/31 | EUR | 335 | 401,782 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Ivory Coast (cont’d.) | |||||
Ivory Coast Government International Bond, (cont’d.) | |||||
Sr. Unsec’d. Notes | 6.625 % | 03/22/48 | EUR | 1,115 | $1,286,918 |
Sr. Unsec’d. Notes | 6.875 | 10/17/40 | EUR | 2,405 | 2,916,161 |
6,182,031 | |||||
Lebanon 0.1% | |||||
Lebanon Government International Bond, | |||||
Sr. Unsec’d. Notes, EMTN | 6.100 | 10/04/22(d) | 2,000 | 304,836 | |
Sr. Unsec’d. Notes, GMTN | 6.250 | 05/27/22(d) | 2,550 | 394,200 | |
699,036 | |||||
Mongolia 0.1% | |||||
Mongolia Government International Bond, Sr. Unsec’d. Notes, EMTN | 8.750 | 03/09/24 | 270 | 303,303 | |
Morocco 0.2% | |||||
Morocco Government International Bond, Sr. Unsec’d. Notes | 2.000 | 09/30/30 | EUR | 1,150 | 1,284,228 |
Mozambique 0.2% | |||||
Mozambique International Bond, Unsec’d. Notes | 5.000(cc) | 09/15/31 | 1,855 | 1,583,774 | |
Nigeria 0.8% | |||||
Nigeria Government International Bond, | |||||
Sr. Unsec’d. Notes | 7.143 | 02/23/30 | 320 | 322,343 | |
Sr. Unsec’d. Notes | 7.625 | 11/21/25 | 575 | 625,746 | |
Sr. Unsec’d. Notes | 7.875 | 02/16/32 | 2,340 | 2,383,441 | |
Sr. Unsec’d. Notes | 8.747 | 01/21/31 | 1,200 | 1,291,118 | |
Sr. Unsec’d. Notes, EMTN | 6.500 | 11/28/27 | 450 | 457,997 | |
5,080,645 | |||||
Oman 0.4% | |||||
Oman Government International Bond, | |||||
Sr. Unsec’d. Notes | 6.500 | 03/08/47 | 1,120 | 1,111,022 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Oman (cont’d.) | |||||
Oman Government International Bond, (cont’d.) | |||||
Sr. Unsec’d. Notes | 6.750 % | 01/17/48 | 720 | $731,688 | |
Sr. Unsec’d. Notes | 7.375 | 10/28/32 | 580 | 670,197 | |
2,512,907 | |||||
Pakistan 0.7% | |||||
Pakistan Government International Bond, | |||||
Sr. Unsec’d. Notes | 8.250 | 04/15/24 | 1,840 | 1,964,767 | |
Sr. Unsec’d. Notes | 8.250 | 09/30/25 | 290 | 315,251 | |
Sr. Unsec’d. Notes, 144A | 8.250 | 04/15/24 | 530 | 565,938 | |
Sr. Unsec’d. Notes, 144A | 8.250 | 09/30/25 | 610 | 663,114 | |
Third Pakistan International Sukuk Co. Ltd. (The), Sr. Unsec’d. Notes | 5.625 | 12/05/22 | 870 | 891,228 | |
4,400,298 | |||||
Paraguay 0.2% | |||||
Paraguay Government International Bond, Sr. Unsec’d. Notes | 6.100 | 08/11/44 | 950 | 1,142,787 | |
Senegal 0.2% | |||||
Senegal Government International Bond, | |||||
Sr. Unsec’d. Notes | 4.750 | 03/13/28 | EUR | 510 | 602,302 |
Sr. Unsec’d. Notes, 144A | 5.375 | 06/08/37 | EUR | 570 | 632,720 |
1,235,022 | |||||
Sri Lanka 0.2% | |||||
Sri Lanka Government International Bond, Sr. Unsec’d. Notes | 5.875 | 07/25/22 | 1,500 | 1,265,733 | |
Turkey 2.0% | |||||
Turkey Government International Bond, | |||||
Sr. Unsec’d. Notes(aa) | 4.250 | 04/14/26 | 1,750 | 1,638,265 | |
Sr. Unsec’d. Notes(aa) | 4.875 | 10/09/26 | 3,000 | 2,849,143 | |
Sr. Unsec’d. Notes(aa) | 5.600 | 11/14/24 | 2,620 | 2,639,500 | |
Sr. Unsec’d. Notes(aa) | 6.000 | 03/25/27 | 2,500 | 2,472,013 | |
Sr. Unsec’d. Notes | 6.125 | 10/24/28 | 385 | 377,346 | |
Sr. Unsec’d. Notes(aa) | 6.375 | 10/14/25 | 2,145 | 2,180,314 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Turkey (cont’d.) | |||||
Turkey Government International Bond, (cont’d.) | |||||
Sr. Unsec’d. Notes(aa) | 6.875 % | 03/17/36 | 890 | $862,020 | |
Sr. Unsec’d. Notes(aa) | 7.625 | 04/26/29 | 660 | 694,742 | |
13,713,343 | |||||
Ukraine 1.9% | |||||
Ukraine Government International Bond, | |||||
Sr. Unsec’d. Notes | 0.000(cc) | 05/31/40 | 450 | 473,965 | |
Sr. Unsec’d. Notes | 4.375 | 01/27/30 | EUR | 305 | 328,335 |
Sr. Unsec’d. Notes | 6.750 | 06/20/26 | EUR | 1,230 | 1,530,228 |
Sr. Unsec’d. Notes | 7.750 | 09/01/22 | 320 | 331,615 | |
Sr. Unsec’d. Notes | 7.750 | 09/01/23 | 905 | 963,826 | |
Sr. Unsec’d. Notes | 7.750 | 09/01/24 | 590 | 636,176 | |
Sr. Unsec’d. Notes | 7.750 | 09/01/25 | 1,005 | 1,085,229 | |
Sr. Unsec’d. Notes | 7.750 | 09/01/26 | 910 | 980,669 | |
Sr. Unsec’d. Notes | 7.750 | 09/01/27 | 1,180 | 1,270,482 | |
Sr. Unsec’d. Notes | 8.994 | 02/01/24 | 650 | 711,083 | |
Sr. Unsec’d. Notes | 9.750 | 11/01/28 | 3,525 | 4,092,154 | |
12,403,762 | |||||
Zambia 0.0% | |||||
Zambia Government International Bond, Sr. Unsec’d. Notes | 8.500 | 04/14/24(d) | 340 | 270,134 | |
Total Sovereign Bonds (cost $122,100,614) | 111,401,936 |
Shares | |||||
Common Stocks 3.9% | |||||
United States | |||||
CEC Entertainment, Inc.* | 34,226 | 610,369 | |||
Chesapeake Energy Corp. | 200,825 | 12,800,586 | |||
Chesapeake Energy Corp. Backstop Commitment | 1,314 | 83,754 | |||
Extraction Oil & Gas, Inc.* | 92,084 | 6,135,557 | |||
Ferrellgas Partners LP (Class B Stock) | 18,479 | 4,758,343 |
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
United States (cont’d.) | |||||
GenOn Energy Holdings, Inc. (Class A Stock) (original cost $1,545,243; purchased 02/28/19)*^(f) | 14,397 | $2,015,580 | |||
Total Common Stocks (cost $9,325,063) | 26,404,189 | ||||
Warrants* 0.0% | |||||
Canada 0.0% | |||||
Athabasca Oil Corp. (Canada), expiring 11/01/26 (cost $0) | 2,375 | 145 | |||
United States 0.0% | |||||
TPC Group, Inc., expiring 08/01/24 (cost $0)^ | 1,033,339 | 4,857 | |||
Total Warrants (cost $0) | 5,002 | ||||
Total Long-Term Investments (cost $832,978,909) | 847,779,144 | ||||
Short-Term Investment 2.4% | |||||
Affiliated Mutual Fund | |||||
PGIM Core Ultra Short Bond Fund (cost $15,839,768)(wb) | 15,839,768 | 15,839,768 | |||
TOTAL INVESTMENTS 128.4% (cost $848,818,677) | 863,618,912 | ||||
Liabilities in excess of other assets(z) (28.4)% | (190,995,099) | ||||
Net Assets 100.0% | $672,623,813 |
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings: |
EUR—Euro | |
GBP—British Pound |
144A—Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, pursuant to the requirements of Rule 144A, may not be resold except to qualified institutional buyers. | |
CDX—Credit Derivative Index | |
DIP—Debtor-In-Possession | |
EMTN—Euro Medium Term Note |
EURIBOR—Euro Interbank Offered Rate | |
GMTN—Global Medium Term Note | |
LIBOR—London Interbank Offered Rate | |
LP—Limited Partnership | |
MTN—Medium Term Note | |
OTC—Over-the-counter | |
PIK—Payment-in-Kind | |
Q—Quarterly payment frequency for swaps |
* | Non-income producing security. |
# | Principal or notional amount is shown in U.S. dollars unless otherwise stated. |
^ | Indicates a Level 3 instrument. The aggregate value of Level 3 instruments is $10,333,418 and 1.5% of net assets. |
(aa) | Represents security, or a portion thereof, with aggregate value of $447,186,466 segregated as collateral for amount of $204,000,000 borrowed and outstanding as of October 31, 2021. |
(c) | Variable rate instrument. The interest rate shown reflects the rate in effect at October 31, 2021. |
(cc) | Variable rate instrument. The rate shown is based on the latest available information as of October 31, 2021. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description. |
(d) | Represents issuer in default on interest payments and/or principal repayment. Non-income producing security. Such securities may be post-maturity. |
(f) | Indicates a restricted security that is acquired in unregistered, private sales from the issuing company or from an affiliate of the issuer and is considered restricted as to disposition under federal securities law; the aggregate original cost of such securities is $1,545,243. The aggregate value of $2,015,580 is 0.3% of net assets. |
(ff) | Variable rate security. Security may be issued at a fixed coupon rate, which converts to a variable rate at a specified date. Rate shown is the rate in effect as of period end. |
(oo) | Perpetual security. Maturity date represents next call date. |
(s) | Represents zero coupon bond or principal only security. Rate represents yield to maturity at purchase date. |
(wb) | PGIM Investments LLC, the manager of the Fund, also serves as manager of the PGIM Core Ultra Short Bond Fund. |
(z) | Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments: |
Borrower | Principal Amount (000)# | Current Value | Unrealized Appreciation | Unrealized Depreciation | ||||
Intelsat Jackson Holdings SA, DIP Term Loan, 3 Month LIBOR + 3.600%, 3.600%(c), Maturity Date 07/13/22 (cost $129,432) | 131 | $131,749 | $2,317 | $— |
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
British Pound, | |||||||||||||
Expiring 11/02/21 | Goldman Sachs International | GBP | 46,157 | $63,470,143 | $63,168,106 | $— | $(302,037) |
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts (cont’d.): | |||||||||||||
Euro, | |||||||||||||
Expiring 11/02/21 | JPMorgan Chase Bank, N.A. | EUR | 125,900 | $146,170,267 | $145,551,684 | $— | $(618,583) | ||||||
Expiring 12/02/21 | HSBC Bank PLC | EUR | 2,690 | 3,121,153 | 3,111,800 | — | (9,353) | ||||||
Expiring 12/02/21 | Morgan Stanley & Co. International PLC | EUR | 1,280 | 1,482,556 | 1,481,098 | — | (1,458) | ||||||
$214,244,119 | $213,312,688 | — | (931,431) |
Sale Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
British Pound, | |||||||||||||
Expiring 11/02/21 | Barclays Bank PLC | GBP | 43,068 | $58,854,952 | $58,941,057 | $— | $(86,105) | ||||||
Expiring 11/02/21 | UBS AG | GBP | 3,089 | 4,162,053 | 4,227,049 | — | (64,996) | ||||||
Expiring 12/02/21 | Bank of America, N.A. | GBP | 2,778 | 3,831,791 | 3,801,702 | 30,089 | — | ||||||
Expiring 12/02/21 | Goldman Sachs International | GBP | 46,157 | 63,468,481 | 63,171,069 | 297,412 | — | ||||||
Euro, | |||||||||||||
Expiring 11/02/21 | Bank of America, N.A. | EUR | 605 | 700,917 | 699,955 | 962 | — | ||||||
Expiring 11/02/21 | Barclays Bank PLC | EUR | 1,465 | 1,705,103 | 1,694,078 | 11,025 | — | ||||||
Expiring 11/02/21 | JPMorgan Chase Bank, N.A. | EUR | 119,512 | 139,850,182 | 138,166,582 | 1,683,600 | — | ||||||
Expiring 11/02/21 | JPMorgan Chase Bank, N.A. | EUR | 1,226 | 1,423,689 | 1,417,773 | 5,916 | — | ||||||
Expiring 11/02/21 | Morgan Stanley & Co. International PLC | EUR | 2,102 | 2,439,439 | 2,430,424 | 9,015 | — | ||||||
Expiring 11/02/21 | Morgan Stanley & Co. International PLC | EUR | 703 | 815,866 | 812,390 | 3,476 | — | ||||||
Expiring 11/02/21 | UBS AG | EUR | 286 | 330,979 | 330,483 | 496 | — | ||||||
Expiring 12/02/21 | Citibank, N.A. | EUR | 1,980 | 2,299,336 | 2,290,217 | 9,119 | — | ||||||
Expiring 12/02/21 | JPMorgan Chase Bank, N.A. | EUR | 125,900 | 146,254,495 | 145,641,484 | 613,011 | — | ||||||
$426,137,283 | $423,624,263 | 2,664,121 | (151,101) | ||||||||||
$2,664,121 | $(1,082,532) |
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at October 31, 2021(4) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation) | Counterparty | |||||||||
OTC Credit Default Swap Agreement on corporate and/or sovereign issues - Sell Protection(2): | |||||||||||||||||
EQT Corp. | 06/20/22 | 5.000%(Q) | 550 | 1.068% | $17,183 | $12,638 | $4,545 | Credit Suisse International |
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Value at Trade Date | Value at October 31, 2021 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Credit Default Swap Agreement on credit indices - Buy Protection(1): | ||||||||||||||
CDX.NA.HY.37.V1 | 12/20/26 | 5.000%(Q) | 35,145 | $(3,346,622) | $(3,345,984) | $638 |
(1) | If the Fund is a buyer of protection, it pays the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and make delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
(2) | If the Fund is a seller of protection, it receives the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
(3) | Notional amount represents the maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
(4) | Implied credit spreads, represented in absolute terms, utilized in determining the fair value of credit default swap agreements where the Fund is the seller of protection as of the reporting date serve as an indicator of the current status of the payment/ performance risk and represent the likelihood of risk of default for the credit derivative. The implied |
credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include up-front payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood of risk of default or other credit event occurring as defined under the terms of the agreement. |