Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Long-Term Investments 122.6% | |||||
Asset-Backed Securities 4.4% | |||||
Cayman Islands | |||||
Atlas Static Senior Loan Fund Ltd., Series 2022-01A, Class A, 144A, 3 Month SOFR + 2.600% (Cap N/A, Floor 2.600%) | 7.586 %(c) | 07/15/30 | 4,810 | $4,819,973 | |
Carlyle Global Market Strategies CLO Ltd., Series 2014-01A, Class A1R2, 144A, 3 Month LIBOR + 0.970% (Cap N/A, Floor 0.970%) | 6.230(c) | 04/17/31 | 1,994 | 1,969,049 | |
Madison Park Funding Ltd., Series 2015-18A, Class ARR, 144A, 3 Month LIBOR + 0.940% (Cap N/A, Floor 0.940%) | 6.201(c) | 10/21/30 | 4,461 | 4,407,778 | |
Neuberger Berman CLO Ltd., Series 2014-17A, Class AR2, 144A, 3 Month LIBOR + 1.030% (Cap N/A, Floor 1.030%) | 6.303(c) | 04/22/29 | 2,409 | 2,386,721 | |
OFSI BSL Ltd., Series 2023-12A, Class A1, 144A, 3 Month SOFR + 2.400% (Cap N/A, Floor 2.400%) | 7.355(c) | 01/20/35 | 2,500 | 2,503,737 | |
Voya CLO Ltd., | |||||
Series 2013-02A, Class A1R, 144A, 3 Month SOFR + 1.232% (Cap N/A, Floor 0.970%) | 6.299(c) | 04/25/31 | 1,500 | 1,478,279 | |
Series 2015-03A, Class A1R, 144A, 3 Month SOFR + 1.452% (Cap N/A, Floor 1.452%) | 6.500(c) | 10/20/31 | 4,900 | 4,849,205 | |
Total Asset-Backed Securities (cost $22,361,739) | 22,414,742 | ||||
Convertible Bonds 0.6% | |||||
Jamaica 0.0% | |||||
Digicel Group Holdings Ltd., Sub. Notes, 144A, Cash coupon 7.000% or PIK N/A (original cost $8,603; purchased 06/23/20 - 04/03/23)(f) | 7.000 | 05/15/23(oo) | 45 | 4,974 | |
Spain 0.6% | |||||
Cellnex Telecom SA, Sr. Unsec’d. Notes, Series CLNX, EMTN (aa) | 0.750 | 11/20/31 | EUR | 3,400 | 2,990,651 |
Total Convertible Bonds (cost $3,891,313) | 2,995,625 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds 94.2% | |||||
Argentina 0.0% | |||||
YPF SA, Sr. Unsec’d. Notes, 144A | 8.500 % | 03/23/25 | 231 | $209,026 | |
Austria 0.1% | |||||
Benteler International AG, Sr. Sec’d. Notes, 144A | 10.500 | 05/15/28 | 450 | 460,125 | |
Bahrain 0.1% | |||||
Oil & Gas Holding Co. BSCC (The), Sr. Unsec’d. Notes, 144A (aa) | 7.625 | 11/07/24 | 380 | 385,639 | |
Brazil 2.6% | |||||
Banco do Brasil SA, Sr. Unsec’d. Notes, 144A(aa) | 4.875 | 01/11/29 | 1,250 | 1,179,141 | |
Banco Votorantim SA, Sr. Unsec’d. Notes, 144A, MTN(aa) | 4.500 | 09/24/24 | 1,120 | 1,087,310 | |
Braskem Netherlands Finance BV, Gtd. Notes | 4.500 | 01/31/30 | 2,000 | 1,679,400 | |
Embraer Netherlands Finance BV, Gtd. Notes, 144A(aa) | 6.950 | 01/17/28 | 2,055 | 2,071,543 | |
Globo Comunicacao e Participacoes SA, Sr. Unsec’d. Notes | 4.875 | 01/22/30 | 1,000 | 803,312 | |
JSM Global Sarl, Gtd. Notes | 4.750 | 10/20/30(d) | 1,600 | 309,800 | |
Light Servicos de Eletricidade SA/Light Energia SA, Gtd. Notes, 144A(aa) | 4.375 | 06/18/26 | 1,500 | 525,000 | |
MARB BondCo PLC, Gtd. Notes, 144A(aa) | 3.950 | 01/29/31 | 1,330 | 972,995 | |
MercadoLibre, Inc., Gtd. Notes | 3.125 | 01/14/31 | 1,326 | 1,028,987 | |
NBM US Holdings, Inc., Gtd. Notes, 144A(aa) | 7.000 | 05/14/26 | 1,000 | 973,119 | |
Nexa Resources SA, Gtd. Notes | 6.500 | 01/18/28 | 1,000 | 972,375 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Brazil (cont’d.) | |||||
Rumo Luxembourg Sarl, Gtd. Notes | 5.250 % | 01/10/28 | 800 | $742,900 | |
Tupy Overseas SA, Gtd. Notes | 4.500 | 02/16/31 | 1,000 | 792,062 | |
13,137,944 | |||||
Canada 4.8% | |||||
1011778 BC ULC/New Red Finance, Inc., | |||||
Sec’d. Notes, 144A(aa) | 4.000 | 10/15/30 | 825 | 718,864 | |
Sr. Sec’d. Notes, 144A | 3.500 | 02/15/29 | 1,965 | 1,764,059 | |
Athabasca Oil Corp., Sec’d. Notes, 144A(aa) | 9.750 | 11/01/26 | 1,819 | 1,909,950 | |
Bombardier, Inc., | |||||
Sr. Unsec’d. Notes, 144A(aa) | 6.000 | 02/15/28 | 1,950 | 1,842,418 | |
Sr. Unsec’d. Notes, 144A(aa) | 7.125 | 06/15/26 | 1,075 | 1,066,937 | |
Sr. Unsec’d. Notes, 144A | 7.500 | 03/15/25 | 103 | 103,000 | |
Sr. Unsec’d. Notes, 144A(aa) | 7.500 | 02/01/29 | 1,025 | 1,005,781 | |
Sr. Unsec’d. Notes, 144A(aa) | 7.875 | 04/15/27 | 2,300 | 2,294,710 | |
Brookfield Residential Properties, Inc./Brookfield Residential US LLC, | |||||
Gtd. Notes, 144A(aa) | 4.875 | 02/15/30 | 1,275 | 1,004,063 | |
Sr. Unsec’d. Notes, 144A | 5.000 | 06/15/29 | 475 | 380,000 | |
GFL Environmental, Inc., | |||||
Gtd. Notes, 144A | 4.000 | 08/01/28 | 100 | 91,072 | |
Gtd. Notes, 144A | 4.375 | 08/15/29 | 900 | 812,952 | |
Hudbay Minerals, Inc., | |||||
Gtd. Notes, 144A | 4.500 | 04/01/26 | 575 | 533,672 | |
Gtd. Notes, 144A(aa) | 6.125 | 04/01/29 | 1,210 | 1,128,325 | |
Kronos Acquisition Holdings, Inc./KIK Custom Products, Inc., Sr. Sec’d. Notes, 144A | 5.000 | 12/31/26 | 200 | 185,000 | |
Mattamy Group Corp., | |||||
Sr. Unsec’d. Notes, 144A(aa) | 4.625 | 03/01/30 | 825 | 721,397 | |
Sr. Unsec’d. Notes, 144A | 5.250 | 12/15/27 | 1,650 | 1,526,250 | |
MEG Energy Corp., | |||||
Gtd. Notes, 144A | 5.875 | 02/01/29 | 675 | 648,000 | |
Gtd. Notes, 144A(aa) | 7.125 | 02/01/27 | 1,577 | 1,616,425 | |
New Gold, Inc., Gtd. Notes, 144A(aa) | 7.500 | 07/15/27 | 1,035 | 994,480 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Canada (cont’d.) | |||||
Parkland Corp., Gtd. Notes, 144A(aa) | 4.500 % | 10/01/29 | 1,625 | $1,423,906 | |
Precision Drilling Corp., | |||||
Gtd. Notes, 144A | 6.875 | 01/15/29 | 250 | 229,375 | |
Gtd. Notes, 144A(aa) | 7.125 | 01/15/26 | 1,150 | 1,124,125 | |
Ritchie Bros Holdings, Inc., | |||||
Gtd. Notes, 144A | 7.750 | 03/15/31 | 525 | 556,500 | |
Sr. Sec’d. Notes, 144A | 6.750 | 03/15/28 | 150 | 155,250 | |
Superior Plus LP/Superior General Partner, Inc., Gtd. Notes, 144A | 4.500 | 03/15/29 | 1,000 | 881,770 | |
24,718,281 | |||||
Chile 0.3% | |||||
Mercury Chile Holdco LLC, Sr. Sec’d. Notes, 144A | 6.500 | 01/24/27 | 1,000 | 942,926 | |
VTR Comunicaciones SpA, Sr. Sec’d. Notes | 4.375 | 04/15/29 | 1,000 | 539,875 | |
VTR Finance NV, Sr. Unsec’d. Notes, 144A | 6.375 | 07/15/28 | 705 | 222,207 | |
1,705,008 | |||||
China 0.6% | |||||
Agile Group Holdings Ltd., Sr. Sec’d. Notes | 6.050 | 10/13/25 | 1,120 | 460,460 | |
China Hongqiao Group Ltd., Gtd. Notes | 6.250 | 06/08/24 | 1,100 | 1,068,238 | |
Sunac China Holdings Ltd., | |||||
Sr. Sec’d. Notes | 6.500 | 01/10/25(d) | 650 | 126,750 | |
Sr. Sec’d. Notes | 6.500 | 01/26/26(d) | 770 | 150,150 | |
Sr. Sec’d. Notes | 7.250 | 06/14/22(d) | 365 | 71,175 | |
West China Cement Ltd., Gtd. Notes | 4.950 | 07/08/26 | 1,143 | 893,183 | |
Yuzhou Group Holdings Co. Ltd., | |||||
Sr. Sec’d. Notes | 7.700 | 02/20/25(d) | 900 | 63,000 | |
Sr. Sec’d. Notes | 8.500 | 02/26/24(d) | 400 | 28,000 | |
2,860,956 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Colombia 1.1% | |||||
AI Candelaria Spain SA, Sr. Sec’d. Notes, 144A(aa) | 5.750 % | 06/15/33 | 1,440 | $1,016,100 | |
Ecopetrol SA, | |||||
Sr. Unsec’d. Notes | 4.625 | 11/02/31 | 500 | 371,500 | |
Sr. Unsec’d. Notes | 5.375 | 06/26/26 | 975 | 920,302 | |
Sr. Unsec’d. Notes(aa) | 6.875 | 04/29/30 | 1,400 | 1,247,750 | |
Sr. Unsec’d. Notes | 8.875 | 01/13/33 | 690 | 667,144 | |
SierraCol Energy Andina LLC, Gtd. Notes, 144A(aa) | 6.000 | 06/15/28 | 1,700 | 1,258,723 | |
5,481,519 | |||||
Costa Rica 0.1% | |||||
Autopistas del Sol SA, Sr. Sec’d. Notes | 7.375 | 12/30/30 | 306 | 272,271 | |
Instituto Costarricense de Electricidad, Sr. Unsec’d. Notes, 144A | 6.750 | 10/07/31 | 270 | 259,082 | |
531,353 | |||||
Czech Republic 0.1% | |||||
Energo-Pro A/S, Sr. Unsec’d. Notes, 144A | 8.500 | 02/04/27 | 700 | 664,563 | |
France 1.4% | |||||
Casino Guichard Perrachon SA, Sr. Unsec’d. Notes, EMTN | 4.048 | 08/05/26 | EUR | 900 | 186,779 |
Emeria SASU, Sr. Sec’d. Notes, 144A(aa) | 7.750 | 03/31/28 | EUR | 1,500 | 1,546,647 |
Iliad Holding SASU, Sr. Sec’d. Notes, 144A(aa) | 5.625 | 10/15/28 | EUR | 3,850 | 3,864,537 |
La Financiere Atalian SASU, Gtd. Notes | 4.000 | 05/15/24 | EUR | 857 | 681,648 |
Midco GB SASU, Sr. Unsec’d. Notes, 144A, Cash coupon 7.750% or PIK 8.500% | 7.750 | 11/01/27 | EUR | 1,050 | 1,042,807 |
7,322,418 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Germany 1.9% | |||||
Douglas GmbH, Sr. Sec’d. Notes, 144A | 6.000 % | 04/08/26 | EUR | 540 | $527,094 |
Kirk Beauty SUN GmbH, Sr. Unsec’d. Notes, 144A, Cash coupon 8.250% or PIK 9.000% | 8.250 | 10/01/26 | EUR | 3,345 | 2,595,216 |
Wintershall Dea Finance 2 BV, Gtd. Notes, Series NC8 | 3.000(ff) | 07/20/28(oo) | EUR | 1,200 | 1,001,373 |
Wintershall Dea Finance BV, Gtd. Notes(aa) | 0.452 | 09/25/23 | EUR | 5,300 | 5,750,815 |
9,874,498 | |||||
Ghana 0.3% | |||||
Tullow Oil PLC, Sr. Sec’d. Notes, 144A (aa) | 10.250 | 05/15/26 | 1,915 | 1,484,484 | |
Guatemala 0.4% | |||||
Central American Bottling Corp./CBC Bottling Holdco SL/Beliv Holdco SL, Gtd. Notes | 5.250 | 04/27/29 | 1,000 | 933,000 | |
CT Trust, Sr. Sec’d. Notes, 144A | 5.125 | 02/03/32 | 660 | 542,767 | |
Millicom International Cellular SA, Sr. Unsec’d. Notes, 144A | 4.500 | 04/27/31 | 700 | 538,384 | |
2,014,151 | |||||
India 2.2% | |||||
ABJA Investment Co. Pte Ltd., Gtd. Notes(aa) | 5.950 | 07/31/24 | 651 | 647,867 | |
Clean Renewable Power Mauritius Pte Ltd., Sr. Sec’d. Notes, 144A | 4.250 | 03/25/27 | 1,232 | 1,079,605 | |
Delhi International Airport Ltd., Sr. Sec’d. Notes, 144A(aa) | 6.450 | 06/04/29 | 1,205 | 1,120,499 | |
GMR Hyderabad International Airport Ltd., Sr. Sec’d. Notes(aa) | 4.250 | 10/27/27 | 1,460 | 1,280,055 | |
Greenko Power II Ltd., Sr. Sec’d. Notes | 4.300 | 12/13/28 | 955 | 821,300 | |
HDFC Bank Ltd., Jr. Sub. Notes, 144A(aa) | 3.700(ff) | 08/25/26(oo) | 2,135 | 1,831,328 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
India (cont’d.) | |||||
HPCL-Mittal Energy Ltd., Sr. Unsec’d. Notes(aa) | 5.250 % | 04/28/27 | 2,000 | $1,881,000 | |
India Cleantech Energy, Sec’d. Notes | 4.700 | 08/10/26 | 778 | 682,508 | |
Periama Holdings LLC, Gtd. Notes | 5.950 | 04/19/26 | 770 | 740,971 | |
Vedanta Resources Finance II PLC, Gtd. Notes | 13.875 | 01/21/24 | 1,250 | 1,064,063 | |
11,149,196 | |||||
Indonesia 0.1% | |||||
Pertamina Geothermal Energy PT, Sr. Unsec’d. Notes, 144A | 5.150 | 04/27/28 | 530 | 531,988 | |
Israel 0.7% | |||||
Energean Israel Finance Ltd., | |||||
Sr. Sec’d. Notes, 144A(aa) | 5.375 | 03/30/28 | 2,250 | 2,004,328 | |
Sr. Sec’d. Notes, 144A | 5.875 | 03/30/31 | 500 | 433,375 | |
Leviathan Bond Ltd., Sr. Sec’d. Notes, 144A(aa) | 6.750 | 06/30/30 | 1,110 | 1,026,789 | |
3,464,492 | |||||
Italy 0.5% | |||||
Castor SpA, Sr. Sec’d. Notes, 144A (aa) | 6.000 | 02/15/29 | EUR | 2,650 | 2,561,041 |
Jamaica 0.6% | |||||
Digicel Group Holdings Ltd., Sr. Unsec’d. Notes, 144A, Cash coupon 5.000% and PIK 3.000% (original cost $75,111; purchased 06/23/20 - 10/03/22)(f) | 8.000 | 04/01/25 | 251 | 95,932 | |
Digicel International Finance Ltd./Digicel International Holdings Ltd., | |||||
Gtd. Notes, 144A (original cost $121,133; purchased 05/22/20)(f) | 8.000 | 12/31/26 | 174 | 37,228 | |
Gtd. Notes, 144A, Cash coupon 6.000% and PIK 7.000% (original cost $795,988; purchased 05/22/20 - 12/15/22)(f) | 13.000 | 12/31/25 | 866 | 542,586 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Jamaica (cont’d.) | |||||
Digicel International Finance Ltd./Digicel International Holdings Ltd., (cont’d.) | |||||
Sr. Sec’d. Notes, 144A (original cost $1,375,625; purchased 06/26/19)(f) | 8.750 % | 05/25/24 | 1,420 | $1,280,929 | |
Sr. Sec’d. Notes, 144A (original cost $414,104; purchased 05/22/20)(f) | 8.750 | 05/25/24 | 436 | 393,072 | |
Digicel Ltd., Gtd. Notes, 144A (original cost $3,456,850; purchased 03/07/19 - 06/28/19)(f) | 6.750 | 06/01/23 | 5,020 | 978,900 | |
3,328,647 | |||||
Japan 0.3% | |||||
Nissan Motor Co. Ltd., Sr. Unsec’d. Notes, 144A | 4.810 | 09/17/30 | 650 | 570,595 | |
SoftBank Group Corp., Sr. Unsec’d. Notes | 3.875 | 07/06/32 | EUR | 1,400 | 1,105,505 |
1,676,100 | |||||
Kuwait 0.2% | |||||
Kuwait Projects Co. SPC Ltd., | |||||
Gtd. Notes | 4.229 | 10/29/26 | 925 | 815,908 | |
Gtd. Notes, EMTN | 4.500 | 02/23/27 | 200 | 170,225 | |
986,133 | |||||
Luxembourg 1.0% | |||||
Altice France Holding SA, Sr. Sec’d. Notes | 8.000 | 05/15/27 | EUR | 3,166 | 2,487,056 |
Codere New Holdco SA, Sr. Sec’d. Notes, 144A, Cash coupon N/A or PIK 7.500% | 7.500 | 11/30/27(d) | EUR | 1,055 | 73,634 |
Galapagos SA, Sr. Sec’d. Notes | 0.000(cc) | 06/15/21(d) | EUR | 315 | 1,733 |
Intelsat Jackson Holdings SA, | |||||
Gtd. Notes^ | 5.500 | 08/01/23(d) | 2,085 | 2 | |
Gtd. Notes, 144A^ | 9.750 | 07/15/25(d) | 3,355 | 4 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Luxembourg (cont’d.) | |||||
LHMC Finco 2 Sarl, Sr. Sec’d. Notes, Cash coupon 7.250% or PIK 8.000% | 7.250 % | 10/02/25 | EUR | 2,271 | $2,339,043 |
4,901,472 | |||||
Macau 0.5% | |||||
MGM China Holdings Ltd., | |||||
Sr. Unsec’d. Notes, 144A | 4.750 | 02/01/27 | 525 | 474,895 | |
Sr. Unsec’d. Notes, 144A | 5.250 | 06/18/25 | 325 | 309,014 | |
Wynn Macau Ltd., | |||||
Sr. Unsec’d. Notes, 144A | 5.125 | 12/15/29 | 1,000 | 823,313 | |
Sr. Unsec’d. Notes, 144A | 5.500 | 01/15/26 | 1,000 | 926,250 | |
2,533,472 | |||||
Malaysia 0.3% | |||||
Gohl Capital Ltd., Gtd. Notes | 4.250 | 01/24/27 | 1,889 | 1,777,927 | |
Mexico 5.3% | |||||
Banco Mercantil del Norte SA, | |||||
Jr. Sub. Notes | 7.500(ff) | 06/27/29(oo) | 600 | 528,863 | |
Jr. Sub. Notes, 144A(aa) | 6.625(ff) | 01/24/32(oo) | 1,485 | 1,199,137 | |
Braskem Idesa SAPI, Sr. Sec’d. Notes, 144A(aa) | 7.450 | 11/15/29 | 1,250 | 975,937 | |
Cemex SAB de CV, Gtd. Notes | 5.450 | 11/19/29 | 930 | 886,406 | |
Comision Federal de Electricidad, Gtd. Notes, 144A | 4.688 | 05/15/29 | 605 | 544,613 | |
Electricidad Firme de Mexico Holdings SA de CV, Sr. Sec’d. Notes, 144A | 4.900 | 11/20/26 | 1,000 | 879,875 | |
Mexico City Airport Trust, | |||||
Sr. Sec’d. Notes(aa) | 3.875 | 04/30/28 | 2,230 | 2,059,684 | |
Sr. Sec’d. Notes | 5.500 | 07/31/47 | 670 | 513,723 | |
Nemak SAB de CV, Sr. Unsec’d. Notes, 144A | 3.625 | 06/28/31 | 1,230 | 913,275 | |
Petroleos Mexicanos, | |||||
Gtd. Notes(aa) | 5.350 | 02/12/28 | 2,500 | 2,072,344 | |
Gtd. Notes(aa) | 6.490 | 01/23/27 | 3,758 | 3,363,410 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Mexico (cont’d.) | |||||
Petroleos Mexicanos, (cont’d.) | |||||
Gtd. Notes(aa) | 6.500 % | 03/13/27 | 2,720 | $2,424,608 | |
Gtd. Notes(aa) | 6.500 | 06/02/41 | 2,100 | 1,328,250 | |
Gtd. Notes | 6.700 | 02/16/32 | 545 | 418,628 | |
Gtd. Notes, EMTN(aa) | 2.750 | 04/21/27 | EUR | 1,915 | 1,680,593 |
Gtd. Notes, MTN(aa) | 6.750 | 09/21/47 | 1,825 | 1,123,287 | |
Gtd. Notes, MTN(aa) | 6.875 | 08/04/26 | 3,200 | 3,000,800 | |
Sr. Unsec’d. Notes, 144A | 10.000 | 02/07/33 | 145 | 134,415 | |
Tierra Mojada Luxembourg II Sarl, Sr. Sec’d. Notes, 144A | 5.750 | 12/01/40 | 1,834 | 1,547,472 | |
Total Play Telecomunicaciones SA de CV, | |||||
Gtd. Notes, 144A | 6.375 | 09/20/28 | 910 | 568,750 | |
Sr. Unsec’d. Notes, 144A(aa) | 7.500 | 11/12/25 | 1,355 | 935,357 | |
27,099,427 | |||||
Morocco 0.1% | |||||
OCP SA, | |||||
Sr. Unsec’d. Notes | 6.875 | 04/25/44 | 280 | 258,178 | |
Sr. Unsec’d. Notes, 144A | 3.750 | 06/23/31 | 200 | 167,600 | |
425,778 | |||||
Netherlands 0.5% | |||||
VEON Holdings BV, Sr. Unsec’d. Notes, 144A(aa) | 3.375 | 11/25/27 | 920 | 652,050 | |
WP/AP Telecom Holdings III BV, Sr. Unsec’d. Notes, 144A | 5.500 | 01/15/30 | EUR | 1,917 | 1,718,589 |
2,370,639 | |||||
Nigeria 0.1% | |||||
IHS Holding Ltd., Gtd. Notes, 144A | 6.250 | 11/29/28 | 645 | 513,904 | |
Panama 0.1% | |||||
AES Panama Generation Holdings SRL, Sr. Sec’d. Notes, 144A | 4.375 | 05/31/30 | 385 | 332,066 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Peru 0.3% | |||||
InRetail Consumer, Sr. Sec’d. Notes | 3.250 % | 03/22/28 | 800 | $685,150 | |
Kallpa Generacion SA, Gtd. Notes(aa) | 4.125 | 08/16/27 | 1,000 | 918,313 | |
1,603,463 | |||||
Russia 0.0% | |||||
Alfa Bank AO Via Alfa Bond Issuance PLC, | |||||
Sub. Notes | 5.950 | 04/15/30 | 1,500 | 75,000 | |
Sub. Notes, 144A | 5.950 | 04/15/30 | 985 | 49,250 | |
Sovcombank Via SovCom Capital DAC, Jr. Sub. Notes, 144A | 7.600 | 02/17/27(oo) | 1,500 | 54,188 | |
178,438 | |||||
Saudi Arabia 0.3% | |||||
Arabian Centres Sukuk Ltd., Gtd. Notes, 144A | 5.375 | 11/26/24 | 1,635 | 1,586,257 | |
Slovenia 0.7% | |||||
United Group BV, | |||||
Sr. Sec’d. Notes(aa) | 3.125 | 02/15/26 | EUR | 2,900 | 2,769,529 |
Sr. Sec’d. Notes, 144A(aa) | 3.125 | 02/15/26 | EUR | 850 | 811,759 |
3,581,288 | |||||
South Africa 2.3% | |||||
Eskom Holdings SOC Ltd., | |||||
Gov’t. Gtd. Notes, MTN(aa) | 6.350 | 08/10/28 | 2,080 | 1,958,289 | |
Sr. Unsec’d. Notes(aa) | 7.125 | 02/11/25 | 1,270 | 1,236,107 | |
Sr. Unsec’d. Notes, EMTN(aa) | 6.750 | 08/06/23 | 1,580 | 1,562,521 | |
Sr. Unsec’d. Notes, MTN(aa) | 8.450 | 08/10/28 | 1,240 | 1,185,207 | |
Sasol Financing USA LLC, | |||||
Gtd. Notes(aa) | 4.375 | 09/18/26 | 790 | 714,559 | |
Gtd. Notes | 6.500 | 09/27/28 | 1,930 | 1,782,414 | |
Gtd. Notes, 144A | 8.750 | 05/03/29 | 2,100 | 2,109,650 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
South Africa (cont’d.) | |||||
Transnet SOC Ltd., Sr. Unsec’d. Notes, 144A | 8.250 % | 02/06/28 | 1,235 | $1,222,110 | |
11,770,857 | |||||
Spain 0.7% | |||||
Cirsa Finance International Sarl, Sr. Sec’d. Notes | 6.250 | 12/20/23 | EUR | 483 | 529,399 |
Codere Finance 2 Luxembourg SA, | |||||
Sr. Sec’d. Notes, Cash coupon 2.000% and PIK 10.750% | 12.750 | 11/30/27(d) | EUR | 673 | 217,140 |
Sr. Sec’d. Notes, 144A, Cash coupon 2.000% and PIK 11.625% | 13.625 | 11/30/27(d) | 224 | 60,562 | |
Kaixo Bondco Telecom SA, Sr. Sec’d. Notes, 144A(aa) | 5.125 | 09/30/29 | EUR | 2,831 | 2,684,586 |
3,491,687 | |||||
Sweden 0.6% | |||||
Preem Holdings AB, Sr. Unsec’d. Notes, 144A | 12.000 | 06/30/27 | EUR | 2,503 | 2,951,355 |
Switzerland 0.3% | |||||
VistaJet Malta Finance PLC/XO Management Holding, Inc., Sr. Unsec’d. Notes, 144A | 7.875 | 05/01/27 | 1,450 | 1,377,500 | |
Thailand 0.5% | |||||
Bangkok Bank PCL, Jr. Sub. Notes, 144A, MTN (aa) | 5.000(ff) | 09/23/25(oo) | 3,016 | 2,814,870 | |
Turkey 0.6% | |||||
Aydem Yenilenebilir Enerji A/S, Sr. Sec’d. Notes, 144A(aa) | 7.750 | 02/02/27 | 1,140 | 951,757 | |
Eldorado Gold Corp., Sr. Unsec’d. Notes, 144A(aa) | 6.250 | 09/01/29 | 1,250 | 1,162,500 | |
KOC Holding A/S, Sr. Unsec’d. Notes, 144A(aa) | 6.500 | 03/11/25 | 1,000 | 981,750 | |
3,096,007 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Ukraine 0.1% | |||||
NAK Naftogaz Ukraine via Kondor Finance PLC, | |||||
Sr. Unsec’d. Notes(aa) | 7.125 % | 07/19/26(d) | EUR | 1,035 | $231,515 |
Sr. Unsec’d. Notes | 7.625 | 11/08/26(d) | 830 | 174,196 | |
405,711 | |||||
United Arab Emirates 0.3% | |||||
DP World Salaam, Jr. Sub. Notes | 6.000(ff) | 10/01/25(oo) | 1,620 | 1,616,456 | |
United Kingdom 5.6% | |||||
Bellis Finco PLC, Sr. Unsec’d. Notes, 144A(aa) | 4.000 | 02/16/27 | GBP | 3,300 | 2,809,795 |
Bracken MidCo1 PLC, Sr. Unsec’d. Notes, 144A, Cash coupon 6.750% or PIK 7.500% | 6.750 | 11/01/27 | GBP | 1,475 | 1,478,331 |
Constellation Automotive Financing PLC, Sr. Sec’d. Notes | 4.875 | 07/15/27 | GBP | 900 | 857,990 |
eG Global Finance PLC, | |||||
Sr. Sec’d. Notes, 144A (original cost $4,361,565; purchased 05/02/19)(aa)(f) | 4.375 | 02/07/25 | EUR | 3,900 | 3,997,243 |
Sr. Sec’d. Notes, 144A (original cost $1,750,000; purchased 10/11/19)(aa)(f) | 8.500 | 10/30/25 | 1,750 | 1,667,278 | |
Jerrold Finco PLC, | |||||
Sr. Sec’d. Notes | 4.875 | 01/15/26 | GBP | 600 | 660,231 |
Sr. Sec’d. Notes | 5.250 | 01/15/27 | GBP | 800 | 856,035 |
Sr. Sec’d. Notes, 144A | 4.875 | 01/15/26 | GBP | 2,250 | 2,475,867 |
Sr. Sec’d. Notes, 144A(aa) | 5.250 | 01/15/27 | GBP | 1,325 | 1,405,168 |
Motion Bondco DAC, Gtd. Notes, 144A | 6.625 | 11/15/27 | 250 | 225,625 | |
Saga PLC, Gtd. Notes | 5.500 | 07/15/26 | GBP | 1,327 | 1,286,150 |
Sherwood Financing PLC, Sr. Sec’d. Notes, 144A(aa) | 6.000 | 11/15/26 | GBP | 3,050 | 3,154,669 |
TalkTalk Telecom Group Ltd., Gtd. Notes(aa) | 3.875 | 02/20/25 | GBP | 2,600 | 2,490,056 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United Kingdom (cont’d.) | |||||
Very Group Funding PLC (The), Sr. Sec’d. Notes, 144A(aa) | 6.500 % | 08/01/26 | GBP | 3,275 | $3,124,621 |
Zenith Finco PLC, Sr. Sec’d. Notes, 144A(aa) | 6.500 | 06/30/27 | GBP | 2,250 | 2,078,350 |
28,567,409 | |||||
United States 54.9% | |||||
ACCO Brands Corp., Gtd. Notes, 144A(aa) | 4.250 | 03/15/29 | 1,225 | 1,032,341 | |
AdaptHealth LLC, | |||||
Gtd. Notes, 144A | 4.625 | 08/01/29 | 625 | 510,161 | |
Gtd. Notes, 144A | 5.125 | 03/01/30 | 925 | 765,393 | |
Gtd. Notes, 144A(aa) | 6.125 | 08/01/28 | 655 | 581,655 | |
Adient Global Holdings Ltd., Sr. Sec’d. Notes, 144A | 7.000 | 04/15/28 | 450 | 460,125 | |
Aethon United BR LP/Aethon United Finance Corp., Sr. Unsec’d. Notes, 144A(aa) | 8.250 | 02/15/26 | 1,025 | 999,523 | |
Albertson’s Cos., Inc./Safeway, Inc./New Albertson’s LP/Albertson’s LLC, Gtd. Notes, 144A | 6.500 | 02/15/28 | 675 | 685,998 | |
Allied Universal Holdco LLC/Allied Universal Finance Corp., | |||||
Sr. Sec’d. Notes, 144A(aa) | 6.625 | 07/15/26 | 1,790 | 1,725,128 | |
Sr. Unsec’d. Notes, 144A | 6.000 | 06/01/29 | 850 | 661,481 | |
Sr. Unsec’d. Notes, 144A(aa) | 9.750 | 07/15/27 | 3,275 | 3,045,005 | |
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 | 2,900,019 |
Alta Equipment Group, Inc., Sec’d. Notes, 144A | 5.625 | 04/15/26 | 600 | 557,255 | |
Alta Mesa Holdings LP/Alta Mesa Finance Services Corp., Gtd. Notes^(aa) | 7.875 | 12/15/24(d) | 6,450 | 43,860 | |
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% | 10.000 | 06/15/26 | 562 | 380,339 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
American Airlines, Inc., Sr. Sec’d. Notes, 144A | 7.250 % | 02/15/28 | 400 | $388,975 | |
American Airlines, Inc./AAdvantage Loyalty IP Ltd., Sr. Sec’d. Notes, 144A(aa) | 5.750 | 04/20/29 | 1,700 | 1,610,750 | |
American Axle & Manufacturing, Inc., Gtd. Notes | 6.250 | 03/15/26 | 593 | 569,487 | |
AmeriGas Partners LP/AmeriGas Finance Corp., | |||||
Sr. Unsec’d. Notes(aa) | 5.750 | 05/20/27 | 1,625 | 1,543,142 | |
Sr. Unsec’d. Notes(aa) | 5.875 | 08/20/26 | 1,125 | 1,085,906 | |
AMN Healthcare, Inc., Gtd. Notes, 144A | 4.000 | 04/15/29 | 800 | 705,261 | |
Amsted Industries, Inc., Sr. Unsec’d. Notes, 144A(aa) | 4.625 | 05/15/30 | 1,475 | 1,344,656 | |
Antero Midstream Partners LP/Antero Midstream Finance Corp., | |||||
Gtd. Notes, 144A | 5.375 | 06/15/29 | 225 | 210,729 | |
Gtd. Notes, 144A(aa) | 5.750 | 01/15/28 | 2,750 | 2,665,639 | |
Antero Resources Corp., | |||||
Gtd. Notes, 144A(aa) | 5.375 | 03/01/30 | 925 | 867,537 | |
Gtd. Notes, 144A | 7.625 | 02/01/29 | 1,189 | 1,217,396 | |
Ascent Resources Utica Holdings LLC/ARU Finance Corp., | |||||
Gtd. Notes, 144A | 9.000 | 11/01/27 | 368 | 455,002 | |
Sr. Unsec’d. Notes, 144A | 8.250 | 12/31/28 | 2,525 | 2,441,963 | |
Ashton Woods USA LLC/Ashton Woods Finance Co., | |||||
Sr. Unsec’d. Notes, 144A(aa) | 4.625 | 08/01/29 | 1,850 | 1,542,649 | |
Sr. Unsec’d. Notes, 144A | 4.625 | 04/01/30 | 600 | 496,292 | |
ASP Unifrax Holdings, Inc., | |||||
Sr. Sec’d. Notes, 144A | 5.250 | 09/30/28 | 425 | 350,228 | |
Sr. Unsec’d. Notes, 144A | 7.500 | 09/30/29 | 275 | 198,927 | |
At Home Group, Inc., | |||||
Gtd. Notes, 144A (original cost $888,594; purchased 06/24/21 - 02/23/22)(f) | 7.125 | 07/15/29 | 925 | 524,418 | |
Sr. Sec’d. Notes, 144A (original cost $150,000; purchased 06/24/21)(f) | 4.875 | 07/15/28 | 150 | 97,868 | |
B&G Foods, Inc., Gtd. Notes(aa) | 5.250 | 09/15/27 | 3,170 | 2,770,096 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Banff Merger Sub, Inc., Sr. Unsec’d. Notes | 8.375 % | 09/01/26 | EUR | 2,550 | $2,692,192 |
Bausch Health Cos., Inc., | |||||
Gtd. Notes, 144A | 5.000 | 01/30/28 | 1,450 | 652,500 | |
Gtd. Notes, 144A | 5.000 | 02/15/29 | 125 | 56,250 | |
Gtd. Notes, 144A | 5.250 | 01/30/30 | 2,225 | 1,040,188 | |
Gtd. Notes, 144A | 5.250 | 02/15/31 | 1,600 | 756,000 | |
Gtd. Notes, 144A(aa) | 6.250 | 02/15/29 | 3,540 | 1,613,567 | |
Gtd. Notes, 144A | 7.000 | 01/15/28 | 250 | 115,000 | |
Beazer Homes USA, Inc., | |||||
Gtd. Notes | 5.875 | 10/15/27 | 75 | 69,699 | |
Gtd. Notes(aa) | 6.750 | 03/15/25 | 1,000 | 995,916 | |
Gtd. Notes(aa) | 7.250 | 10/15/29 | 1,650 | 1,577,258 | |
Boeing Co. (The), | |||||
Sr. Unsec’d. Notes(aa) | 5.805 | 05/01/50 | 1,780 | 1,776,106 | |
Sr. Unsec’d. Notes | 5.930 | 05/01/60 | 275 | 271,823 | |
Bread Financial Holdings, Inc., Gtd. Notes, 144A(aa) | 4.750 | 12/15/24 | 1,575 | 1,409,652 | |
C&S Group Enterprises LLC, Gtd. Notes, 144A(aa) | 5.000 | 12/15/28 | 1,000 | 789,264 | |
Caesars Entertainment, Inc., | |||||
Sr. Sec’d. Notes, 144A | 6.250 | 07/01/25 | 125 | 125,172 | |
Sr. Sec’d. Notes, 144A(aa) | 7.000 | 02/15/30 | 2,625 | 2,650,367 | |
Sr. Unsec’d. Notes, 144A(aa) | 4.625 | 10/15/29 | 1,325 | 1,160,932 | |
Calpine Corp., | |||||
Sr. Unsec’d. Notes, 144A(aa) | 4.625 | 02/01/29 | 900 | 780,302 | |
Sr. Unsec’d. Notes, 144A(aa) | 5.000 | 02/01/31 | 1,375 | 1,157,739 | |
Sr. Unsec’d. Notes, 144A(aa) | 5.125 | 03/15/28 | 6,425 | 5,952,639 | |
Camelot Return Merger Sub, Inc., Sr. Sec’d. Notes, 144A | 8.750 | 08/01/28 | 725 | 686,732 | |
CCM Merger, Inc., Sr. Unsec’d. Notes, 144A | 6.375 | 05/01/26 | 325 | 317,068 | |
CCO Holdings LLC/CCO Holdings Capital Corp., | |||||
Sr. Unsec’d. Notes(aa) | 4.500 | 05/01/32 | 1,300 | 1,042,710 | |
Sr. Unsec’d. Notes, 144A(aa) | 4.250 | 02/01/31 | 2,550 | 2,098,360 | |
Sr. Unsec’d. Notes, 144A | 4.250 | 01/15/34 | 609 | 466,242 | |
Sr. Unsec’d. Notes, 144A | 4.500 | 06/01/33 | 750 | 597,991 | |
Sr. Unsec’d. Notes, 144A(aa) | 4.750 | 03/01/30 | 3,050 | 2,625,477 | |
Sr. Unsec’d. Notes, 144A(aa) | 5.000 | 02/01/28 | 3,575 | 3,312,794 | |
Sr. Unsec’d. Notes, 144A | 5.125 | 05/01/27 | 1,000 | 945,639 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Chart Industries, Inc., | |||||
Gtd. Notes, 144A | 9.500 % | 01/01/31 | 450 | $476,151 | |
Sr. Sec’d. Notes, 144A | 7.500 | 01/01/30 | 775 | 799,369 | |
Cheniere Energy, Inc., Sr. Unsec’d. Notes(aa) | 4.625 | 10/15/28 | 2,550 | 2,433,905 | |
Chesapeake Energy Corp., | |||||
Gtd. Notes, 144A | 5.500 | 02/01/26 | 450 | 444,210 | |
Gtd. Notes, 144A | 5.875 | 02/01/29 | 475 | 453,159 | |
Gtd. Notes, 144A | 6.750 | 04/15/29 | 675 | 668,105 | |
Churchill Downs, Inc., Gtd. Notes, 144A | 6.750 | 05/01/31 | 600 | 604,271 | |
CITGO Petroleum Corp., Sr. Sec’d. Notes, 144A(aa) | 7.000 | 06/15/25 | 1,325 | 1,318,263 | |
Clarivate Science Holdings Corp., Gtd. Notes, 144A | 4.875 | 07/01/29 | 725 | 653,472 | |
Clean Harbors, Inc., Gtd. Notes, 144A | 6.375 | 02/01/31 | 150 | 153,133 | |
Cleveland-Cliffs, Inc., Gtd. Notes, 144A | 6.750 | 04/15/30 | 800 | 778,113 | |
CMG Media Corp., Gtd. Notes, 144A | 8.875 | 12/15/27 | 2,295 | 1,778,814 | |
CNX Midstream Partners LP, Gtd. Notes, 144A | 4.750 | 04/15/30 | 250 | 210,029 | |
CNX Resources Corp., Gtd. Notes, 144A(aa) | 7.250 | 03/14/27 | 1,525 | 1,516,425 | |
Comstock Resources, Inc., | |||||
Gtd. Notes, 144A | 5.875 | 01/15/30 | 700 | 602,060 | |
Gtd. Notes, 144A(aa) | 6.750 | 03/01/29 | 1,000 | 905,161 | |
Cornerstone Building Brands, Inc., Gtd. Notes, 144A(aa) | 6.125 | 01/15/29 | 550 | 417,915 | |
Cornerstone Chemical Co., Sr. Sec’d. Notes, 144A, Cash coupon 8.250% and PIK 2.000%(aa) | 10.250 | 09/01/27 | 2,103 | 1,876,867 | |
Crescent Energy Finance LLC, Sr. Unsec’d. Notes, 144A | 9.250 | 02/15/28 | 175 | 174,576 | |
CrownRock LP/CrownRock Finance, Inc., Sr. Unsec’d. Notes, 144A | 5.000 | 05/01/29 | 275 | 260,185 | |
CSC Holdings LLC, | |||||
Gtd. Notes, 144A(aa) | 4.125 | 12/01/30 | 900 | 646,600 | |
Gtd. Notes, 144A(aa) | 5.500 | 04/15/27 | 1,400 | 1,197,349 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
CSC Holdings LLC, (cont’d.) | |||||
Sr. Unsec’d. Notes, 144A(aa) | 4.625 % | 12/01/30 | 4,050 | $1,975,543 | |
Dana, Inc., | |||||
Sr. Unsec’d. Notes | 4.250 | 09/01/30 | 450 | 365,727 | |
Sr. Unsec’d. Notes | 4.500 | 02/15/32 | 725 | 581,199 | |
DaVita, Inc., | |||||
Gtd. Notes, 144A(aa) | 3.750 | 02/15/31 | 1,225 | 981,860 | |
Gtd. Notes, 144A(aa) | 4.625 | 06/01/30 | 2,400 | 2,091,579 | |
Diamond BC BV, Gtd. Notes, 144A(aa) | 4.625 | 10/01/29 | 1,025 | 1,007,063 | |
Diamond Sports Group LLC/Diamond Sports Finance Co., | |||||
Gtd. Notes, 144A(aa) | 6.625 | 08/15/27(d) | 4,125 | 124,585 | |
Sec’d. Notes, 144A | 5.375 | 08/15/26(d) | 3,150 | 219,043 | |
DISH DBS Corp., | |||||
Gtd. Notes | 5.125 | 06/01/29 | 975 | 450,747 | |
Gtd. Notes(aa) | 7.375 | 07/01/28 | 515 | 257,269 | |
Gtd. Notes(aa) | 7.750 | 07/01/26 | 2,910 | 1,680,161 | |
DISH Network Corp., Sr. Sec’d. Notes, 144A(aa) | 11.750 | 11/15/27 | 1,100 | 1,040,180 | |
Diversified Healthcare Trust, | |||||
Gtd. Notes | 4.375 | 03/01/31 | 750 | 472,727 | |
Gtd. Notes(aa) | 9.750 | 06/15/25 | 1,550 | 1,482,755 | |
Sr. Unsec’d. Notes | 4.750 | 05/01/24 | 50 | 45,640 | |
Sr. Unsec’d. Notes | 4.750 | 02/15/28 | 700 | 431,725 | |
Eco Material Technologies, Inc., Sr. Sec’d. Notes, 144A | 7.875 | 01/31/27 | 725 | 695,447 | |
Embecta Corp., | |||||
Sr. Sec’d. Notes, 144A | 5.000 | 02/15/30 | 600 | 517,532 | |
Sr. Sec’d. Notes, 144A | 6.750 | 02/15/30 | 300 | 272,126 | |
Energizer Holdings, Inc., Gtd. Notes, 144A(aa) | 4.375 | 03/31/29 | 1,725 | 1,504,900 | |
Energy Transfer LP, Jr. Sub. Notes, Series G(aa) | 7.125(ff) | 05/15/30(oo) | 1,275 | 1,074,447 | |
EQM Midstream Partners LP, | |||||
Sr. Unsec’d. Notes, 144A(aa) | 6.500 | 07/01/27 | 1,480 | 1,442,961 | |
Sr. Unsec’d. Notes, 144A | 7.500 | 06/01/27 | 200 | 199,098 | |
Sr. Unsec’d. Notes, 144A | 7.500 | 06/01/30 | 200 | 194,116 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc., | |||||
Gtd. Notes, 144A(aa) | 6.750 % | 01/15/30 | 2,050 | $1,660,514 | |
Sr. Sec’d. Notes, 144A | 4.625 | 01/15/29 | 650 | 568,395 | |
Five Point Operating Co. LP/Five Point Capital Corp., Gtd. Notes, 144A(aa) | 7.875 | 11/15/25 | 1,350 | 1,228,207 | |
Ford Motor Co., | |||||
Sr. Unsec’d. Notes(aa) | 3.250 | 02/12/32 | 3,000 | 2,319,586 | |
Sr. Unsec’d. Notes(aa) | 4.750 | 01/15/43 | 4,613 | 3,469,207 | |
Sr. Unsec’d. Notes(aa) | 5.291 | 12/08/46 | 5,025 | 4,054,682 | |
Sr. Unsec’d. Notes | 7.400 | 11/01/46 | 1,000 | 1,017,743 | |
Ford Motor Credit Co. LLC, | |||||
Sr. Unsec’d. Notes | 4.950 | 05/28/27 | 1,000 | 946,673 | |
Sr. Unsec’d. Notes | 6.800 | 05/12/28 | 200 | 200,160 | |
Sr. Unsec’d. Notes | 6.950 | 03/06/26 | 425 | 428,083 | |
Forestar Group, Inc., | |||||
Gtd. Notes, 144A | 3.850 | 05/15/26 | 1,025 | 947,671 | |
Gtd. Notes, 144A(aa) | 5.000 | 03/01/28 | 800 | 727,775 | |
Fortress Transportation & Infrastructure Investors LLC, Gtd. Notes, 144A | 5.500 | 05/01/28 | 300 | 275,264 | |
Foundation Building Materials, Inc., Gtd. Notes, 144A | 6.000 | 03/01/29 | 550 | 440,913 | |
Freedom Mortgage Corp., Sr. Unsec’d. Notes, 144A | 7.625 | 05/01/26 | 325 | 277,910 | |
Gap, Inc. (The), | |||||
Gtd. Notes, 144A | 3.625 | 10/01/29 | 250 | 177,680 | |
Gtd. Notes, 144A(aa) | 3.875 | 10/01/31 | 1,850 | 1,289,167 | |
Global Partners LP/GLP Finance Corp., Gtd. Notes | 6.875 | 01/15/29 | 450 | 419,283 | |
Golden Entertainment, Inc., Sr. Unsec’d. Notes, 144A(aa) | 7.625 | 04/15/26 | 2,150 | 2,174,257 | |
Griffon Corp., Gtd. Notes(aa) | 5.750 | 03/01/28 | 1,225 | 1,125,185 | |
H&E Equipment Services, Inc., Gtd. Notes, 144A(aa) | 3.875 | 12/15/28 | 2,400 | 2,073,449 | |
Hecla Mining Co., Gtd. Notes(aa) | 7.250 | 02/15/28 | 605 | 605,781 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Hertz Corp. (The), | |||||
Gtd. Notes, 144A | 4.625 % | 12/01/26 | 325 | $292,641 | |
Gtd. Notes, 144A | 5.000 | 12/01/29 | 650 | 531,556 | |
Hilcorp Energy I LP/Hilcorp Finance Co., | |||||
Sr. Unsec’d. Notes, 144A | 5.750 | 02/01/29 | 325 | 303,520 | |
Sr. Unsec’d. Notes, 144A | 6.000 | 04/15/30 | 700 | 652,580 | |
Sr. Unsec’d. Notes, 144A | 6.000 | 02/01/31 | 1,325 | 1,226,196 | |
Sr. Unsec’d. Notes, 144A(aa) | 6.250 | 11/01/28 | 900 | 861,750 | |
Sr. Unsec’d. Notes, 144A | 6.250 | 04/15/32 | 875 | 819,324 | |
Hilton Domestic Operating Co., Inc., Gtd. Notes, 144A | 4.000 | 05/01/31 | 700 | 618,519 | |
Howard Hughes Corp. (The), | |||||
Gtd. Notes, 144A(aa) | 4.125 | 02/01/29 | 1,150 | 967,854 | |
Gtd. Notes, 144A(aa) | 4.375 | 02/01/31 | 800 | 648,949 | |
Hunt Cos., Inc., Sr. Sec’d. Notes, 144A(aa) | 5.250 | 04/15/29 | 1,875 | 1,445,919 | |
iHeartCommunications, Inc., Sr. Sec’d. Notes(aa) | 6.375 | 05/01/26 | 1,500 | 1,291,008 | |
International Game Technology PLC, Sr. Sec’d. Notes, 144A(aa) | 6.250 | 01/15/27 | 750 | 760,313 | |
Jacobs Entertainment, Inc., | |||||
Sr. Unsec’d. Notes, 144A | 6.750 | 02/15/29 | 600 | 522,527 | |
Sr. Unsec’d. Notes, 144A | 6.750 | 02/15/29 | 275 | 236,495 | |
Jefferies Finance LLC/JFIN Co-Issuer Corp., Sr. Unsec’d. Notes, 144A(aa) | 5.000 | 08/15/28 | 1,500 | 1,265,989 | |
KB Home, | |||||
Gtd. Notes | 4.000 | 06/15/31 | 400 | 347,098 | |
Gtd. Notes(aa) | 4.800 | 11/15/29 | 2,500 | 2,341,956 | |
Knife River Holding Co., Sr. Unsec’d. Notes, 144A | 7.750 | 05/01/31 | 350 | 354,762 | |
Kontoor Brands, Inc., Gtd. Notes, 144A | 4.125 | 11/15/29 | 325 | 276,106 | |
Kraft Heinz Foods Co., Gtd. Notes(aa) | 5.500 | 06/01/50 | 2,225 | 2,242,284 | |
LABL, Inc., | |||||
Sr. Sec’d. Notes, 144A | 5.875 | 11/01/28 | 500 | 461,426 | |
Sr. Sec’d. Notes, 144A | 9.500 | 11/01/28 | 225 | 231,561 | |
Sr. Unsec’d. Notes, 144A | 8.250 | 11/01/29 | 450 | 391,182 | |
Sr. Unsec’d. Notes, 144A | 10.500 | 07/15/27 | 325 | 308,788 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
LBM Acquisition LLC, Gtd. Notes, 144A | 6.250 % | 01/15/29 | 275 | $219,054 | |
LCM Investments Holdings II LLC, Sr. Unsec’d. Notes, 144A | 4.875 | 05/01/29 | 750 | 639,013 | |
LD Holdings Group LLC, Gtd. Notes, 144A | 6.125 | 04/01/28 | 825 | 454,279 | |
Legacy LifePoint Health LLC, Sr. Sec’d. Notes, 144A | 6.750 | 04/15/25 | 600 | 577,216 | |
Level 3 Financing, Inc., | |||||
Gtd. Notes, 144A(aa) | 4.625 | 09/15/27 | 1,500 | 924,768 | |
Sr. Sec’d. Notes, 144A | 3.400 | 03/01/27 | 175 | 136,855 | |
LifePoint Health, Inc., Gtd. Notes, 144A | 5.375 | 01/15/29 | 1,000 | 626,090 | |
Likewize Corp., Sr. Sec’d. Notes, 144A(aa) | 9.750 | 10/15/25 | 790 | 711,566 | |
Lindblad Expeditions Holdings, Inc., Sr. Sec’d. Notes, 144A | 9.000 | 05/15/28 | 575 | 575,182 | |
LPL Holdings, Inc., Gtd. Notes, 144A | 4.625 | 11/15/27 | 1,040 | 981,915 | |
M/I Homes, Inc., Gtd. Notes(aa) | 4.950 | 02/01/28 | 1,075 | 1,011,631 | |
Masonite International Corp., | |||||
Gtd. Notes, 144A | 3.500 | 02/15/30 | 400 | 340,000 | |
Gtd. Notes, 144A(aa) | 5.375 | 02/01/28 | 405 | 388,800 | |
Mauser Packaging Solutions Holding Co., Sr. Sec’d. Notes, 144A | 7.875 | 08/15/26 | 750 | 761,052 | |
Maxim Crane Works Holdings Capital LLC, Sec’d. Notes, 144A (original cost $2,119,195; purchased 11/06/18 - 07/15/22)(aa)(f) | 10.125 | 08/01/24 | 2,029 | 2,017,315 | |
McAfee Corp., Sr. Unsec’d. Notes, 144A | 7.375 | 02/15/30 | 450 | 374,052 | |
Medline Borrower LP, | |||||
Sr. Sec’d. Notes, 144A(aa) | 3.875 | 04/01/29 | 1,200 | 1,049,750 | |
Sr. Unsec’d. Notes, 144A(aa) | 5.250 | 10/01/29 | 1,575 | 1,362,197 | |
Metis Merger Sub LLC, Sr. Unsec’d. Notes, 144A(aa) | 6.500 | 05/15/29 | 2,850 | 2,425,640 | |
MGM Resorts International, | |||||
Gtd. Notes(aa) | 4.750 | 10/15/28 | 3,238 | 3,009,323 | |
Gtd. Notes | 5.750 | 06/15/25 | 25 | 24,912 | |
Gtd. Notes(aa) | 6.750 | 05/01/25 | 875 | 882,777 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp., Sr. Sec’d. Notes, 144A(aa) | 4.875 % | 05/01/29 | 1,125 | $1,010,879 | |
MIWD Holdco II LLC/MIWD Finance Corp., Gtd. Notes, 144A | 5.500 | 02/01/30 | 400 | 338,103 | |
MPH Acquisition Holdings LLC, Sr. Sec’d. Notes, 144A | 5.500 | 09/01/28 | 1,025 | 784,101 | |
MPT Operating Partnership LP/MPT Finance Corp., Gtd. Notes | 2.500 | 03/24/26 | GBP | 2,750 | 2,711,292 |
Nabors Industries Ltd., | |||||
Gtd. Notes, 144A | 7.250 | 01/15/26 | 575 | 540,609 | |
Gtd. Notes, 144A | 7.500 | 01/15/28 | 325 | 295,750 | |
Nabors Industries, Inc., | |||||
Gtd. Notes(aa) | 5.750 | 02/01/25 | 1,725 | 1,678,735 | |
Gtd. Notes, 144A | 7.375 | 05/15/27 | 925 | 897,285 | |
Nationstar Mortgage Holdings, Inc., | |||||
Gtd. Notes, 144A(aa) | 5.125 | 12/15/30 | 1,575 | 1,290,369 | |
Gtd. Notes, 144A | 5.500 | 08/15/28 | 390 | 348,023 | |
NCL Corp. Ltd., Sr. Sec’d. Notes, 144A | 8.375 | 02/01/28 | 1,575 | 1,578,938 | |
NCR Corp., | |||||
Gtd. Notes, 144A(aa) | 5.000 | 10/01/28 | 650 | 567,144 | |
Gtd. Notes, 144A | 5.250 | 10/01/30 | 300 | 251,707 | |
Gtd. Notes, 144A | 5.750 | 09/01/27 | 500 | 489,374 | |
NESCO Holdings II, Inc., Sec’d. Notes, 144A | 5.500 | 04/15/29 | 525 | 474,113 | |
Noble Finance II LLC, Gtd. Notes, 144A | 8.000 | 04/15/30 | 225 | 230,375 | |
NRG Energy, Inc., | |||||
Gtd. Notes(aa) | 5.750 | 01/15/28 | 1,240 | 1,209,750 | |
Gtd. Notes, 144A | 3.625 | 02/15/31 | 175 | 141,604 | |
Gtd. Notes, 144A | 3.875 | 02/15/32 | 550 | 443,984 | |
Gtd. Notes, 144A | 5.250 | 06/15/29 | 950 | 877,191 | |
Jr. Sub. Notes, 144A | 10.250(ff) | 03/15/28(oo) | 900 | 887,573 | |
Occidental Petroleum Corp., | |||||
Sr. Unsec’d. Notes | 6.125 | 01/01/31 | 550 | 575,725 | |
Sr. Unsec’d. Notes | 6.375 | 09/01/28 | 1,000 | 1,043,579 | |
OneMain Finance Corp., | |||||
Gtd. Notes | 3.875 | 09/15/28 | 475 | 382,861 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
OneMain Finance Corp., (cont’d.) | |||||
Gtd. Notes | 6.875 % | 03/15/25 | 567 | $554,238 | |
Gtd. Notes(aa) | 7.125 | 03/15/26 | 1,625 | 1,582,738 | |
Organon & Co./Organon Foreign Debt Co-Issuer BV, | |||||
Sr. Sec’d. Notes, 144A | 4.125 | 04/30/28 | 1,250 | 1,150,202 | |
Sr. Unsec’d. Notes, 144A | 5.125 | 04/30/31 | 475 | 422,801 | |
Owens-Brockway Glass Container, Inc., Gtd. Notes, 144A | 6.625 | 05/13/27 | 267 | 267,891 | |
P&L Development LLC/PLD Finance Corp., Sr. Sec’d. Notes, 144A(aa) | 7.750 | 11/15/25 | 650 | 520,307 | |
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer, Sr. Sec’d. Notes, 144A(aa) | 7.500 | 06/01/25 | 1,655 | 1,663,159 | |
Park River Holdings, Inc., Gtd. Notes, 144A(aa) | 5.625 | 02/01/29 | 1,350 | 987,754 | |
Patrick Industries, Inc., Gtd. Notes, 144A | 4.750 | 05/01/29 | 150 | 130,476 | |
Penn Entertainment, Inc., | |||||
Sr. Unsec’d. Notes, 144A | 4.125 | 07/01/29 | 375 | 317,468 | |
Sr. Unsec’d. Notes, 144A | 5.625 | 01/15/27 | 300 | 285,380 | |
PennyMac Financial Services, Inc., Gtd. Notes, 144A(aa) | 5.375 | 10/15/25 | 1,150 | 1,085,205 | |
PG&E Corp., | |||||
Sr. Sec’d. Notes(aa) | 5.000 | 07/01/28 | 590 | 556,170 | |
Sr. Sec’d. Notes(aa) | 5.250 | 07/01/30 | 2,725 | 2,512,320 | |
Pilgrim’s Pride Corp., Gtd. Notes, 144A(aa) | 5.875 | 09/30/27 | 3,925 | 3,904,522 | |
PM General Purchaser LLC, Sr. Sec’d. Notes, 144A(aa) | 9.500 | 10/01/28 | 1,000 | 947,718 | |
Post Holdings, Inc., Gtd. Notes, 144A | 5.500 | 12/15/29 | 904 | 860,106 | |
Premier Entertainment Sub LLC/Premier Entertainment Finance Corp., Gtd. Notes, 144A | 5.875 | 09/01/31 | 1,250 | 884,745 | |
Prime Healthcare Services, Inc., Sr. Sec’d. Notes, 144A(aa) | 7.250 | 11/01/25 | 1,425 | 1,287,010 | |
Radiate Holdco LLC/Radiate Finance, Inc., | |||||
Sr. Sec’d. Notes, 144A(aa) | 4.500 | 09/15/26 | 1,000 | 782,656 | |
Sr. Unsec’d. Notes, 144A(aa) | 6.500 | 09/15/28 | 1,525 | 710,704 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Rain CII Carbon LLC/CII Carbon Corp., Sec’d. Notes, 144A(aa) | 7.250 % | 04/01/25 | 1,470 | $1,427,303 | |
Range Resources Corp., Gtd. Notes, 144A | 4.750 | 02/15/30 | 250 | 229,927 | |
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc., Gtd. Notes, 144A | 9.750 | 12/01/26 | 750 | 624,017 | |
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., | |||||
Gtd. Notes, 144A | 3.625 | 03/01/29 | 400 | 338,047 | |
Gtd. Notes, 144A | 3.875 | 03/01/31 | 425 | 343,678 | |
Royal Caribbean Cruises Ltd., | |||||
Gtd. Notes, 144A | 7.250 | 01/15/30 | 800 | 800,168 | |
Sr. Unsec’d. Notes, 144A | 5.500 | 04/01/28 | 375 | 330,825 | |
Sr. Unsec’d. Notes, 144A | 11.625 | 08/15/27 | 650 | 690,151 | |
Scientific Games Holdings LP/Scientific Games US FinCo, Inc., Sr. Unsec’d. Notes, 144A | 6.625 | 03/01/30 | 900 | 798,297 | |
Scientific Games International, Inc., Gtd. Notes, 144A | 8.625 | 07/01/25 | 775 | 792,704 | |
Scotts Miracle-Gro Co. (The), | |||||
Gtd. Notes(aa) | 4.000 | 04/01/31 | 1,950 | 1,577,929 | |
Gtd. Notes | 4.375 | 02/01/32 | 425 | 344,855 | |
Sealed Air Corp./Sealed Air Corp. US, Gtd. Notes, 144A | 6.125 | 02/01/28 | 175 | 177,718 | |
Shea Homes LP/Shea Homes Funding Corp., Sr. Unsec’d. Notes | 4.750 | 04/01/29 | 1,035 | 922,494 | |
SK Invictus Intermediate II Sarl, Sr. Sec’d. Notes, 144A | 5.000 | 10/30/29 | 1,200 | 1,018,824 | |
Smyrna Ready Mix Concrete LLC, Sr. Sec’d. Notes, 144A(aa) | 6.000 | 11/01/28 | 1,523 | 1,426,031 | |
Southwestern Energy Co., | |||||
Gtd. Notes | 4.750 | 02/01/32 | 250 | 220,892 | |
Gtd. Notes | 5.375 | 02/01/29 | 875 | 826,982 | |
Gtd. Notes(aa) | 5.375 | 03/15/30 | 1,275 | 1,187,905 | |
Sprint LLC, Gtd. Notes | 7.125 | 06/15/24 | 2,500 | 2,541,196 | |
SRS Distribution, Inc., Gtd. Notes, 144A | 6.000 | 12/01/29 | 825 | 671,801 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Standard Industries, Inc., | |||||
Sr. Unsec’d. Notes, 144A | 3.375 % | 01/15/31 | 1,000 | $792,415 | |
Sr. Unsec’d. Notes, 144A(aa) | 4.375 | 07/15/30 | 1,050 | 904,784 | |
Suburban Propane Partners LP/Suburban Energy Finance Corp., Sr. Unsec’d. Notes, 144A | 5.000 | 06/01/31 | 575 | 503,496 | |
Sugarhouse HSP Gaming Prop Mezz LP/Sugarhouse HSP Gaming Finance Corp., Sr. Sec’d. Notes, 144A | 5.875 | 05/15/25 | 625 | 607,330 | |
Sunoco LP/Sunoco Finance Corp., | |||||
Gtd. Notes | 4.500 | 05/15/29 | 700 | 635,671 | |
Gtd. Notes | 4.500 | 04/30/30 | 850 | 760,832 | |
SWF Escrow Issuer Corp., Sr. Unsec’d. Notes, 144A(aa) | 6.500 | 10/01/29 | 1,600 | 976,451 | |
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., | |||||
Gtd. Notes, 144A(aa) | 5.500 | 01/15/28 | 3,238 | 3,005,882 | |
Gtd. Notes, 144A | 6.000 | 12/31/30 | 150 | 133,483 | |
Gtd. Notes, 144A | 7.500 | 10/01/25 | 225 | 227,198 | |
Taylor Morrison Communities, Inc., | |||||
Gtd. Notes, 144A | 5.875 | 06/15/27 | 625 | 623,587 | |
Sr. Unsec’d. Notes, 144A(aa) | 5.125 | 08/01/30 | 1,675 | 1,575,772 | |
Tempo Acquisition LLC/Tempo Acquisition Finance Corp., Sr. Sec’d. Notes, 144A | 5.750 | 06/01/25 | 425 | 427,135 | |
Tenet Healthcare Corp., | |||||
Sr. Sec’d. Notes(aa) | 4.250 | 06/01/29 | 1,675 | 1,536,370 | |
Sr. Sec’d. Notes(aa) | 4.375 | 01/15/30 | 3,525 | 3,243,430 | |
Sr. Unsec’d. Notes(aa) | 6.875 | 11/15/31 | 525 | 516,079 | |
Titan International, Inc., Sr. Sec’d. Notes | 7.000 | 04/30/28 | 675 | 604,345 | |
TopBuild Corp., Gtd. Notes, 144A | 4.125 | 02/15/32 | 500 | 430,809 | |
TPC Group, Inc., Sr. Sec’d. Notes, 144A | 13.000 | 12/16/27 | 636 | 637,869 | |
TransDigm, Inc., Gtd. Notes | 4.625 | 01/15/29 | 700 | 633,759 | |
Transocean, Inc., Gtd. Notes, 144A | 8.000 | 02/01/27 | 150 | 132,773 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Tri Pointe Homes, Inc., Gtd. Notes(aa) | 5.700 % | 06/15/28 | 745 | $731,005 | |
TriMas Corp., Gtd. Notes, 144A | 4.125 | 04/15/29 | 1,200 | 1,074,902 | |
United Airlines, Inc., | |||||
Sr. Sec’d. Notes, 144A | 4.375 | 04/15/26 | 850 | 811,692 | |
Sr. Sec’d. Notes, 144A | 4.625 | 04/15/29 | 1,086 | 982,830 | |
United Rentals North America, Inc., | |||||
Gtd. Notes | 3.750 | 01/15/32 | 975 | 836,451 | |
Gtd. Notes | 3.875 | 02/15/31 | 477 | 419,436 | |
Gtd. Notes | 5.250 | 01/15/30 | 1,200 | 1,161,201 | |
Univision Communications, Inc., | |||||
Sr. Sec’d. Notes, 144A(aa) | 4.500 | 05/01/29 | 475 | 409,536 | |
Sr. Sec’d. Notes, 144A(aa) | 6.625 | 06/01/27 | 4,475 | 4,308,589 | |
Valaris Ltd., Sec’d. Notes, 144A | 8.375 | 04/30/30 | 375 | 374,063 | |
Vector Group Ltd., Sr. Sec’d. Notes, 144A(aa) | 5.750 | 02/01/29 | 3,050 | 2,730,398 | |
Venator Finance Sarl/Venator Materials LLC, | |||||
Gtd. Notes, 144A (original cost $279,803; purchased 03/08/19 - 07/18/19)(aa)(f) | 5.750 | 07/15/25 | 317 | 44,380 | |
Sr. Sec’d. Notes, 144A (original cost $735,060; purchased 05/08/20)(aa)(f) | 9.500 | 07/01/25 | 750 | 476,250 | |
Venture Global Calcasieu Pass LLC, Sr. Sec’d. Notes, 144A | 3.875 | 08/15/29 | 645 | 580,687 | |
Verscend Escrow Corp., Sr. Unsec’d. Notes, 144A | 9.750 | 08/15/26 | 445 | 448,654 | |
Viasat, Inc., Sr. Unsec’d. Notes, 144A | 5.625 | 09/15/25 | 750 | 715,444 | |
Viking Cruises Ltd., Gtd. Notes, 144A | 5.875 | 09/15/27 | 400 | 342,096 | |
Viking Ocean Cruises Ship VII Ltd., Sr. Sec’d. Notes, 144A | 5.625 | 02/15/29 | 250 | 211,875 | |
Vista Outdoor, Inc., Gtd. Notes, 144A | 4.500 | 03/15/29 | 250 | 196,136 | |
Vistra Corp., | |||||
Jr. Sub. Notes, 144A | 7.000(ff) | 12/15/26(oo) | 750 | 673,841 | |
Jr. Sub. Notes, 144A(aa) | 8.000(ff) | 10/15/26(oo) | 1,375 | 1,297,158 | |
Vistra Operations Co. LLC, | |||||
Gtd. Notes, 144A(aa) | 4.375 | 05/01/29 | 1,375 | 1,230,485 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
United States (cont’d.) | |||||
Vistra Operations Co. LLC, (cont’d.) | |||||
Gtd. Notes, 144A(aa) | 5.000 % | 07/31/27 | 1,330 | $1,264,164 | |
Gtd. Notes, 144A(aa) | 5.625 | 02/15/27 | 2,000 | 1,950,287 | |
White Cap Buyer LLC, Sr. Unsec’d. Notes, 144A | 6.875 | 10/15/28 | 525 | 459,116 | |
William Carter Co. (The), Gtd. Notes, 144A(aa) | 5.625 | 03/15/27 | 1,350 | 1,331,633 | |
Wolverine World Wide, Inc., Gtd. Notes, 144A(aa) | 4.000 | 08/15/29 | 1,600 | 1,329,224 | |
WR Grace Holdings LLC, Sr. Sec’d. Notes, 144A | 7.375 | 03/01/31 | 200 | 200,467 | |
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp., Gtd. Notes, 144A(aa) | 5.125 | 10/01/29 | 860 | 792,487 | |
XPO Escrow Sub LLC, Gtd. Notes, 144A | 7.500 | 11/15/27 | 275 | 283,038 | |
Zayo Group Holdings, Inc., Sr. Sec’d. Notes, 144A | 4.000 | 03/01/27 | 500 | 378,167 | |
280,678,160 | |||||
Vietnam 0.3% | |||||
Mong Duong Finance Holdings BV, Sr. Sec’d. Notes, 144A (aa) | 5.125 | 05/07/29 | 1,530 | 1,324,735 | |
Zambia 0.4% | |||||
First Quantum Minerals Ltd., Gtd. Notes, 144A (aa) | 7.500 | 04/01/25 | 2,245 | 2,233,438 | |
Total Corporate Bonds (cost $570,385,108) | 481,779,878 | ||||
Floating Rate and Other Loans 3.8% | |||||
Jamaica 0.4% | |||||
Digicel International Finance Ltd., First Lien Initial Term B Loan, 1 Month LIBOR + 3.250% | 8.275(c) | 05/27/24 | 2,411 | 2,172,676 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Floating Rate and Other Loans (Continued) | |||||
United Kingdom 1.0% | |||||
Constellation Automotive Group Ltd., Facility 1 Loan, SONIA + 7.500% | 11.427 %(c) | 07/27/29 | GBP | 3,000 | $2,004,518 |
EG Group Ltd., Additional Second Lien Loan Facility, 6 Month EURIBOR + 7.000% | 9.752(c) | 04/30/27 | EUR | 3,200 | 3,102,950 |
5,107,468 | |||||
United States 2.4% | |||||
Ascent Resources Utica Holdings LLC, Second Lien Term Loan, 3 Month LIBOR + 9.000% | 14.211(c) | 11/01/25 | 3,610 | 3,822,087 | |
CSC Holdings LLC, 2022 Refinancing Term Loan, 1 Month SOFR + 4.500% | 9.390(c) | 01/18/28 | 2,241 | 2,055,881 | |
Diamond Sports Group LLC, | |||||
First Lien Term Loan, 6 Month SOFR + 8.250% | 13.064(c) | 05/25/26 | 260 | 234,177 | |
Second Lien Term loan | 8.025 | 08/24/26 | 265 | 18,834 | |
Finastra USA, Inc., Dollar Term Loan (Second Lien), 3 Month LIBOR + 7.250% | 12.405(c) | 06/13/25 | 1,175 | 984,614 | |
Great Outdoors Group LLC, Term B-2 Loan, 1 Month LIBOR + 3.750% | 8.775(c) | 03/06/28 | 1,466 | 1,452,541 | |
Heritage Power LLC, Term Loan B, 3 Month LIBOR + 5.000% | 12.500(c) | 07/30/26 | 2,470 | 754,462 | |
McAfee Corp., Tranche B-1 Term Loan, 1 Month SOFR + 3.850% | 8.653(c) | 03/01/29 | 1,127 | 1,060,470 | |
MLN US Holdco LLC, | |||||
Initial Term Loan, 3 Month SOFR + 6.440% | 11.522(c) | 10/18/27 | 27 | 23,079 | |
Initial Term Loan (Second Out (1st Lien Roll-Up)), 3 Month SOFR + 6.700% | 11.782(c) | 10/18/27 | 61 | 33,725 | |
Term Loan, 6 Month SOFR + 9.250%^ | 14.332(c) | 10/18/27 | 4 | 1,920 | |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Floating Rate and Other Loans (Continued) | |||||
United States (cont’d.) | |||||
Skillsoft Finance II, Inc., Initial Term Loan, 1 Month SOFR + 5.364% | 10.197 %(c) | 07/14/28 | 1,421 | $1,207,816 | |
Univision Communications, Inc., 2021 Replacement Term Loan, 1 Month LIBOR + 3.250% | 8.275(c) | 03/15/26 | 529 | 524,822 | |
12,174,428 | |||||
Total Floating Rate and Other Loans (cost $24,427,671) | 19,454,572 | ||||
Sovereign Bonds 18.0% | |||||
Angola 1.1% | |||||
Angolan Government International Bond, | |||||
Sr. Unsec’d. Notes | 8.250 | 05/09/28 | 3,160 | 2,761,642 | |
Sr. Unsec’d. Notes | 9.500 | 11/12/25 | 2,245 | 2,215,254 | |
Sr. Unsec’d. Notes, EMTN | 8.000 | 11/26/29 | 650 | 546,731 | |
5,523,627 | |||||
Argentina 1.3% | |||||
Argentine Republic Government International Bond, | |||||
Sr. Unsec’d. Notes | 0.500(cc) | 07/09/30 | 6,608 | 1,605,663 | |
Sr. Unsec’d. Notes | 1.000 | 07/09/29 | 1,237 | 293,301 | |
Sr. Unsec’d. Notes | 1.500(cc) | 07/09/35 | 1,864 | 414,431 | |
Sr. Unsec’d. Notes | 3.875(cc) | 01/09/38 | 13,769 | 3,802,032 | |
Provincia de Buenos Aires, Sr. Unsec’d. Notes, 144A, MTN | 5.250(cc) | 09/01/37 | 1,284 | 393,636 | |
6,509,063 | |||||
Bahrain 0.4% | |||||
Bahrain Government International Bond, | |||||
Sr. Unsec’d. Notes(aa) | 6.750 | 09/20/29 | 1,240 | 1,232,870 | |
Sr. Unsec’d. Notes | 7.000 | 10/12/28 | 430 | 439,487 | |
Sr. Unsec’d. Notes | 7.500 | 09/20/47 | 421 | 381,215 | |
2,053,572 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Brazil 1.5% | |||||
Brazilian Government International Bond, | |||||
Sr. Unsec’d. Notes(aa) | 3.875 % | 06/12/30 | 3,960 | $3,537,517 | |
Sr. Unsec’d. Notes | 4.500 | 05/30/29 | 3,170 | 3,006,151 | |
Sr. Unsec’d. Notes(aa) | 5.625 | 01/07/41 | 1,500 | 1,328,719 | |
7,872,387 | |||||
Cameroon 0.2% | |||||
Republic of Cameroon International Bond, | |||||
Sr. Unsec’d. Notes | 5.950 | 07/07/32 | EUR | 290 | 222,248 |
Sr. Unsec’d. Notes | 9.500 | 11/19/25 | 1,080 | 1,030,590 | |
1,252,838 | |||||
Colombia 1.6% | |||||
Colombia Government International Bond, | |||||
Sr. Unsec’d. Notes | 3.000 | 01/30/30 | 2,900 | 2,219,044 | |
Sr. Unsec’d. Notes(aa) | 3.875 | 04/25/27 | 1,290 | 1,158,823 | |
Sr. Unsec’d. Notes(aa) | 4.500 | 03/15/29 | 1,770 | 1,537,466 | |
Sr. Unsec’d. Notes | 6.125 | 01/18/41 | 2,645 | 2,078,474 | |
Sr. Unsec’d. Notes | 7.375 | 09/18/37 | 780 | 723,596 | |
Sr. Unsec’d. Notes | 7.500 | 02/02/34 | 430 | 410,328 | |
8,127,731 | |||||
Dominican Republic 1.8% | |||||
Dominican Republic International Bond, | |||||
Sr. Unsec’d. Notes | 5.500 | 01/27/25 | 1,225 | 1,212,214 | |
Sr. Unsec’d. Notes | 5.950 | 01/25/27 | 3,000 | 2,972,437 | |
Sr. Unsec’d. Notes | 6.850 | 01/27/45 | 1,840 | 1,652,320 | |
Sr. Unsec’d. Notes | 7.450 | 04/30/44 | 2,300 | 2,227,119 | |
Sr. Unsec’d. Notes, 144A | 5.875 | 01/30/60 | 855 | 651,831 | |
Sr. Unsec’d. Notes, 144A | 7.050 | 02/03/31 | 320 | 324,900 | |
9,040,821 | |||||
Ecuador 0.4% | |||||
Ecuador Government International Bond, | |||||
Sr. Unsec’d. Notes | 5.500(cc) | 07/31/30 | 720 | 378,360 | |
Sr. Unsec’d. Notes, 144A | 1.500(cc) | 07/31/40 | 901 | 293,130 | |
Sr. Unsec’d. Notes, 144A | 2.500(cc) | 07/31/35 | 1,829 | 667,863 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Ecuador (cont’d.) | |||||
Ecuador Government International Bond, (cont’d.) | |||||
Sr. Unsec’d. Notes, 144A | 5.500 %(cc) | 07/31/30 | 786 | $412,885 | |
Sr. Unsec’d. Notes, 144A | 5.583(s) | 07/31/30 | 414 | 126,287 | |
1,878,525 | |||||
Egypt 0.9% | |||||
Egypt Government International Bond, | |||||
Sr. Unsec’d. Notes, 144A, MTN | 6.375 | 04/11/31 | EUR | 1,845 | 1,058,179 |
Sr. Unsec’d. Notes, EMTN | 4.750 | 04/11/25 | EUR | 650 | 522,091 |
Sr. Unsec’d. Notes, EMTN | 4.750 | 04/16/26 | EUR | 3,340 | 2,361,862 |
Sr. Unsec’d. Notes, EMTN | 5.625 | 04/16/30 | EUR | 860 | 494,132 |
Sr. Unsec’d. Notes, MTN | 5.800 | 09/30/27 | 335 | 205,460 | |
4,641,724 | |||||
El Salvador 0.1% | |||||
El Salvador Government International Bond, Sr. Unsec’d. Notes | 8.250 | 04/10/32 | 1,000 | 563,938 | |
Gabon 0.4% | |||||
Gabon Government International Bond, | |||||
Sr. Unsec’d. Notes | 6.625 | 02/06/31 | 340 | 250,814 | |
Sr. Unsec’d. Notes | 6.950 | 06/16/25 | 1,220 | 1,121,866 | |
Sr. Unsec’d. Notes, 144A | 6.625 | 02/06/31 | 650 | 479,497 | |
Sr. Unsec’d. Notes, 144A | 7.000 | 11/24/31 | 540 | 397,507 | |
2,249,684 | |||||
Ghana 0.1% | |||||
Ghana Government International Bond, | |||||
Sr. Unsec’d. Notes | 7.875 | 03/26/27(d) | 930 | 354,737 | |
Sr. Unsec’d. Notes | 8.125 | 01/18/26(d) | 390 | 154,367 | |
509,104 | |||||
Guatemala 0.4% | |||||
Guatemala Government Bond, | |||||
Sr. Unsec’d. Notes | 4.375 | 06/05/27 | 1,140 | 1,097,464 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Guatemala (cont’d.) | |||||
Guatemala Government Bond, (cont’d.) | |||||
Sr. Unsec’d. Notes | 4.900 % | 06/01/30 | 450 | $429,272 | |
Sr. Unsec’d. Notes | 6.125 | 06/01/50 | 300 | 281,212 | |
1,807,948 | |||||
Honduras 0.2% | |||||
Honduras Government International Bond, Sr. Unsec’d. Notes | 6.250 | 01/19/27 | 930 | 830,199 | |
Hungary 0.2% | |||||
Magyar Export-Import Bank Zrt, Sr. Unsec’d. Notes, 144A | 6.125 | 12/04/27 | 890 | 896,119 | |
Iraq 0.1% | |||||
Iraq International Bond, Sr. Unsec’d. Notes | 5.800 | 01/15/28 | 741 | 690,309 | |
Ivory Coast 1.0% | |||||
Ivory Coast Government International Bond, | |||||
Sr. Unsec’d. Notes | 4.875 | 01/30/32 | EUR | 270 | 224,678 |
Sr. Unsec’d. Notes | 5.250 | 03/22/30 | EUR | 1,910 | 1,715,010 |
Sr. Unsec’d. Notes | 5.875 | 10/17/31 | EUR | 1,245 | 1,114,040 |
Sr. Unsec’d. Notes | 6.875 | 10/17/40 | EUR | 2,405 | 1,913,516 |
4,967,244 | |||||
Jordan 0.1% | |||||
Jordan Government International Bond, Sr. Unsec’d. Notes, 144A | 7.500 | 01/13/29 | 515 | 515,418 | |
Lebanon 0.0% | |||||
Lebanon Government International Bond, | |||||
Sr. Unsec’d. Notes, EMTN | 6.100 | 10/04/22(d) | 2,000 | 115,375 | |
Sr. Unsec’d. Notes, GMTN | 6.250 | 05/27/22(d) | 2,550 | 147,103 | |
262,478 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Mongolia 0.1% | |||||
Mongolia Government International Bond, Sr. Unsec’d. Notes, EMTN | 8.750 % | 03/09/24 | 270 | $270,219 | |
Morocco 0.8% | |||||
Morocco Government International Bond, | |||||
Sr. Unsec’d. Notes | 1.500 | 11/27/31 | EUR | 860 | 706,757 |
Sr. Unsec’d. Notes | 2.000 | 09/30/30 | EUR | 1,150 | 1,020,717 |
Sr. Unsec’d. Notes, 144A | 5.950 | 03/08/28 | 1,090 | 1,117,795 | |
Sr. Unsec’d. Notes, 144A | 6.500 | 09/08/33 | 1,235 | 1,277,685 | |
4,122,954 | |||||
Mozambique 0.3% | |||||
Mozambique International Bond, Unsec’d. Notes | 5.000(cc) | 09/15/31 | 2,295 | 1,595,455 | |
Nigeria 0.2% | |||||
Nigeria Government International Bond, | |||||
Sr. Unsec’d. Notes | 7.875 | 02/16/32 | 920 | 678,960 | |
Sr. Unsec’d. Notes, EMTN | 6.500 | 11/28/27 | 450 | 357,413 | |
1,036,373 | |||||
Oman 0.8% | |||||
Oman Government International Bond, | |||||
Sr. Unsec’d. Notes | 4.750 | 06/15/26 | 830 | 811,740 | |
Sr. Unsec’d. Notes | 5.625 | 01/17/28 | 1,085 | 1,091,307 | |
Sr. Unsec’d. Notes | 6.500 | 03/08/47 | 1,120 | 1,048,110 | |
Sr. Unsec’d. Notes | 6.750 | 01/17/48 | 720 | 694,935 | |
Sr. Unsec’d. Notes | 7.375 | 10/28/32 | 440 | 489,995 | |
4,136,087 | |||||
Pakistan 0.3% | |||||
Pakistan Government International Bond, | |||||
Sr. Unsec’d. Notes | 8.250 | 04/15/24 | 1,840 | 914,020 | |
Sr. Unsec’d. Notes | 8.250 | 09/30/25 | 290 | 117,414 | |
Sr. Unsec’d. Notes, 144A | 8.250 | 04/15/24 | 530 | 263,277 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Pakistan (cont’d.) | |||||
Pakistan Government International Bond, (cont’d.) | |||||
Sr. Unsec’d. Notes, 144A | 8.250 % | 09/30/25 | 610 | $246,974 | |
Sr. Unsec’d. Notes, EMTN | 7.375 | 04/08/31 | 660 | 221,636 | |
1,763,321 | |||||
Paraguay 0.2% | |||||
Paraguay Government International Bond, Sr. Unsec’d. Notes | 6.100 | 08/11/44 | 950 | 904,163 | |
Romania 0.7% | |||||
Romanian Government International Bond, Sr. Unsec’d. Notes, 144A | 7.125 | 01/17/33 | 3,374 | 3,608,704 | |
Senegal 0.3% | |||||
Senegal Government International Bond, | |||||
Sr. Unsec’d. Notes | 4.750 | 03/13/28 | EUR | 875 | 795,916 |
Sr. Unsec’d. Notes | 5.375 | 06/08/37 | EUR | 275 | 191,813 |
Sr. Unsec’d. Notes, 144A | 5.375 | 06/08/37 | EUR | 570 | 397,577 |
1,385,306 | |||||
Serbia 0.4% | |||||
Serbia International Bond, | |||||
Sr. Unsec’d. Notes | 3.125 | 05/15/27 | EUR | 810 | 803,731 |
Sr. Unsec’d. Notes, 144A | 6.250 | 05/26/28 | 500 | 510,563 | |
Sr. Unsec’d. Notes, 144A | 6.500 | 09/26/33 | 660 | 669,611 | |
1,983,905 | |||||
South Africa 0.5% | |||||
Republic of South Africa Government International Bond, | |||||
Sr. Unsec’d. Notes | 4.850 | 09/30/29 | 1,690 | 1,516,036 | |
Sr. Unsec’d. Notes | 5.750 | 09/30/49 | 600 | 431,175 | |
Sr. Unsec’d. Notes | 7.300 | 04/20/52 | 580 | 494,921 | |
2,442,132 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Sri Lanka 0.1% | |||||
Sri Lanka Government International Bond, | |||||
Sr. Unsec’d. Notes | 5.750 % | 04/18/23(d) | 390 | $129,383 | |
Sr. Unsec’d. Notes | 6.200 | 05/11/27(d) | 900 | 294,637 | |
Sr. Unsec’d. Notes | 7.550 | 03/28/30(d) | 500 | 164,000 | |
Sr. Unsec’d. Notes | 7.850 | 03/14/29(d) | 400 | 131,000 | |
719,020 | |||||
Turkey 1.0% | |||||
Turkey Government International Bond, | |||||
Sr. Unsec’d. Notes(aa) | 4.250 | 04/14/26 | 1,750 | 1,560,016 | |
Sr. Unsec’d. Notes(aa) | 4.875 | 10/09/26 | 3,000 | 2,682,750 | |
Sr. Unsec’d. Notes | 5.950 | 01/15/31 | 495 | 414,191 | |
Sr. Unsec’d. Notes(aa) | 6.000 | 03/25/27 | 525 | 481,622 | |
5,138,579 | |||||
Ukraine 0.3% | |||||
Ukraine Government International Bond, | |||||
Sr. Unsec’d. Notes | 4.375 | 01/27/32(d) | EUR | 605 | 107,622 |
Sr. Unsec’d. Notes | 6.750 | 06/20/28(d) | EUR | 1,230 | 211,178 |
Sr. Unsec’d. Notes | 7.750 | 09/01/24(d) | 320 | 68,760 | |
Sr. Unsec’d. Notes | 7.750 | 09/01/25(d) | 260 | 49,449 | |
Sr. Unsec’d. Notes | 7.750 | 09/01/26(d) | 590 | 100,411 | |
Sr. Unsec’d. Notes | 7.750 | 09/01/27(d) | 1,005 | 173,551 | |
Sr. Unsec’d. Notes | 7.750 | 09/01/28(d) | 910 | 156,861 | |
Sr. Unsec’d. Notes | 7.750 | 09/01/29(d) | 1,180 | 203,034 | |
Sr. Unsec’d. Notes | 8.994 | 02/01/26(d) | 400 | 69,075 | |
Sr. Unsec’d. Notes | 9.750 | 11/01/30(d) | 3,075 | 546,389 | |
1,686,330 | |||||
United Arab Emirates 0.2% | |||||
Finance Department Government of Sharjah, Sr. Unsec’d. Notes, 144A | 6.500 | 11/23/32 | 950 | 988,000 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Sovereign Bonds (Continued) | |||||
Zambia 0.0% | |||||
Zambia Government International Bond, Sr. Unsec’d. Notes | 8.500 % | 04/14/24(d) | 340 | $158,908 | |
Total Sovereign Bonds (cost $129,555,542) | 92,132,185 |
Shares | |||||
Common Stocks 1.6% | |||||
Luxembourg 0.2% | |||||
Intelsat Emergence SA* | 51,374 | 1,351,804 | |||
Spain 0.0% | |||||
Codere New Topco SA^ | 36,655 | — | |||
United States 1.4% | |||||
CEC Entertainment, Inc. | 34,226 | 627,465 | |||
Chesapeake Energy Corp. | 33,960 | 2,807,813 | |||
Ferrellgas Partners LP (Class B Stock)^ | 8,479 | 1,256,588 | |||
GenOn Energy Holdings, Inc. (Class A Stock)^ | 14,397 | 1,439,700 | |||
TPC Group, Inc.*^ | 48,777 | 975,540 | |||
7,107,106 | |||||
Total Common Stocks (cost $4,094,471) | 8,458,910 | ||||
Rights* 0.0% | |||||
Luxembourg | |||||
Intelsat Jackson Holdings SA, Series A (Luxembourg) CVR, expiring 12/05/25^ | 5,379 | 51,266 |
Description | Shares | Value | |||
Rights (Continued)* | |||||
Luxembourg (cont’d.) | |||||
Intelsat Jackson Holdings SA, Series B (Luxembourg) CVR, expiring 12/05/25^ | 5,379 | $10,648 | |||
Total Rights (cost $0) | 61,914 | ||||
Total Long-Term Investments (cost $754,715,844) | 627,297,826 | ||||
Short-Term Investment 1.1% | |||||
Affiliated Mutual Fund | |||||
PGIM Core Government Money Market Fund (cost $5,372,622)(wj) | 5,372,622 | 5,372,622 | |||
TOTAL INVESTMENTS 123.7% (cost $760,088,466) | 632,670,448 | ||||
Liabilities in excess of other assets(z) (23.7)% | (121,089,116) | ||||
Net Assets 100.0% | $511,581,332 |
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings: |
EUR—Euro | |
GBP—British Pound | |
USD—US Dollar |
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. | |
BNP—BNP Paribas S.A. | |
BNYM—Bank of New York Mellon | |
CDX—Credit Derivative Index | |
CLO—Collateralized Loan Obligation | |
CVR—Contingent Value Rights | |
DAC—Designated Activity Company | |
EMTN—Euro Medium Term Note | |
EURIBOR—Euro Interbank Offered Rate | |
GMTN—Global Medium Term Note | |
GSI—Goldman Sachs International | |
iBoxx—Bond Market Indices | |
JPM—JPMorgan Chase Bank N.A. | |
LIBOR—London Interbank Offered Rate | |
LP—Limited Partnership | |
MSI—Morgan Stanley & Co International PLC | |
MTN—Medium Term Note |
OTC—Over-the-counter | |
PIK—Payment-in-Kind | |
Q—Quarterly payment frequency for swaps | |
SOFR—Secured Overnight Financing Rate | |
SONIA—Sterling Overnight Index Average | |
SSB—State Street Bank & Trust Company | |
T—Swap payment upon termination |
* | 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 $3,779,528 and 0.7% of net assets. |
(aa) | Represents security, or a portion thereof, with aggregate value of $289,412,149 segregated as collateral for amount of $130,000,000 borrowed and outstanding as of April 30, 2023. |
(c) | Variable rate instrument. The interest rate shown reflects the rate in effect at April 30, 2023. |
(cc) | Variable rate instrument. The rate shown is based on the latest available information as of April 30, 2023. 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 $16,531,631. The aggregate value of $12,158,373 is 2.4% 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. |
(wj) | PGIM Investments LLC, the manager of the Fund, also serves as manager of the PGIM Core Government Money Market Fund. |
(z) | Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments: |
Futures contracts outstanding at April 30, 2023: | ||||||||
Number of Contracts | Type | Expiration Date | Current Notional Amount | Value / Unrealized Appreciation (Depreciation) | ||||
Long Positions: | ||||||||
21 | 5 Year U.S. Treasury Notes | Jun. 2023 | $2,304,586 | $42,861 | ||||
36 | 10 Year U.S. Treasury Notes | Jun. 2023 | 4,147,313 | 118,316 | ||||
15 | 20 Year U.S. Treasury Bonds | Jun. 2023 | 1,974,844 | 79,413 | ||||
14 | 30 Year U.S. Ultra Treasury Bonds | Jun. 2023 | 1,979,687 | 73,853 | ||||
$314,443 |
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 05/02/23 | BNYM | GBP | 22,784 | $28,379,746 | $28,636,691 | $256,945 | $— | ||||||
Expiring 05/02/23 | GSI | GBP | 4,589 | 5,682,571 | 5,767,691 | 85,120 | — | ||||||
Expiring 06/02/23 | MSI | GBP | 474 | 592,567 | 596,246 | 3,679 | — | ||||||
Euro, | |||||||||||||
Expiring 05/02/23 | GSI | EUR | 1,364 | 1,484,672 | 1,503,833 | 19,161 | — | ||||||
Expiring 05/02/23 | JPM | EUR | 68,505 | 75,550,350 | 75,504,937 | — | (45,413) | ||||||
Expiring 05/02/23 | JPM | EUR | 410 | 449,224 | 451,749 | 2,525 | — | ||||||
Expiring 06/02/23 | SSB | EUR | 848 | 936,401 | 936,214 | — | (187) | ||||||
$113,075,531 | $113,397,361 | 367,430 | (45,600) |
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 05/02/23 | BNP | GBP | 26,811 | $32,916,470 | $33,698,705 | $— | $(782,235) | ||||||
Expiring 05/02/23 | JPM | GBP | 561 | 701,802 | 705,676 | — | (3,874) | ||||||
Expiring 06/02/23 | BNYM | GBP | 22,784 | 28,398,292 | 28,656,874 | — | (258,582) | ||||||
Euro, | |||||||||||||
Expiring 05/02/23 | JPM | EUR | 70,280 | 76,339,413 | 77,460,519 | — | (1,121,106) | ||||||
Expiring 06/02/23 | JPM | EUR | 68,505 | 75,682,497 | 75,648,310 | 34,187 | — | ||||||
$214,038,474 | $216,170,084 | 34,187 | (2,165,797) | ||||||||||
$401,617 | $(2,211,397) |
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Value at Trade Date | Value at April 30, 2023 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Credit Default Swap Agreement on credit indices - Buy Protection(1): | ||||||||||||||
iTraxx.XO.39.V1 | 06/20/28 | 5.000%(Q) | EUR | 8,090 | $186,463 | $(289,426) | $(475,889) |
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at April 30, 2023(4) | Value at Trade Date | Value at April 30, 2023 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2): | |||||||||||||||
CDX.NA.HY.40.V1 | 06/20/28 | 5.000%(Q) | 10,210 | 4.648% | $(61,715) | $204,183 | $265,898 |
(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. |
Total return swap agreements outstanding at April 30, 2023: | ||||||||||||||
Reference Entity | Financing Rate | Counterparty | Termination Date | Long (Short) Notional Amount (000)#(1) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation)(2) | |||||||
OTC Total Return Swap Agreements: | ||||||||||||||
iBoxx USD Investment Grade Index(T) | 1 Day SOFR(Q)/ 4.810% | BNP | 06/20/23 | (5,175) | $(19,025) | $— | $(19,025) | |||||||
iBoxx USD Investment Grade Index(T) | 1 Day SOFR(Q)/ 4.810% | BNP | 09/20/23 | (5,175) | (22,517) | — | (22,517) | |||||||
$(41,542) | $— | $(41,542) |
(1) | On a long total return swap, the Fund receives payments for any positive return on the reference entity (makes payments for any negative return) and pays the financing rate. On a short total return swap, the Fund makes payments for any positive return on the reference entity (receives payments for any negative return) and receives the financing rate. |
(2) | Upfront/recurring fees or commissions, as applicable, are included in the net unrealized appreciation (depreciation). |