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value="ARS"/></identifiers><balance>7813723</balance><units>PA</units><curCd>USD</curCd><valUSD>7809816</valUSD><pctVal>0.5969</pctVal><payoffProfile>Long</payoffProfile><assetCat>LON</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2023-02-27</maturityDt><couponKind>Floating</couponKind><annualizedRt>6.55475</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>HERCULES MERGER SUB LLC</name><lei>549300C1PQJLVEIUBK50</lei><title>Buckeye Partners LP</title><cusip>11823LAH8</cusip><identifiers><isin value="US11823LAH87"/><ticker value="BPL"/></identifiers><balance>1220000</balance><units>PA</units><curCd>USD</curCd><valUSD>1229662</valUSD><pctVal>0.094</pctVal><payoffProfile>Long</payoffProfile><assetCat>LON</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2026-11-01</maturityDt><couponKind>Floating</couponKind><annualizedRt>4.53088</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>FINANCIAL &amp; RISK US HOLD</name><lei>549300NF240HXJO7N016</lei><title>Refinitiv US Holdings Inc</title><cusip>31740MAC5</cusip><identifiers><isin value="US31740MAC55"/><ticker value="FINRSK"/></identifiers><balance>12195840</balance><units>PA</units><curCd>USD</curCd><valUSD>12299505</valUSD><pctVal>0.94</pctVal><payoffProfile>Long</payoffProfile><assetCat>LON</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2025-10-01</maturityDt><couponKind>Floating</couponKind><annualizedRt>5.04938</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>GCI LLC</name><lei>549300N3IE9H88Q20221</lei><title>GCI LLC</title><cusip>36155JAH8</cusip><identifiers><isin value="US36155JAH86"/><ticker value="GCILLC"/></identifiers><balance>3373822</balance><units>PA</units><curCd>USD</curCd><valUSD>3356953</valUSD><pctVal>0.2566</pctVal><payoffProfile>Long</payoffProfile><assetCat>LON</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2022-02-02</maturityDt><couponKind>Floating</couponKind><annualizedRt>4.29938</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>II-VI INC</name><lei>549300O5C25A0MMHHU33</lei><title>II-VI Inc</title><cusip>45173JAK0</cusip><identifiers><isin value="US45173JAK07"/><ticker value="IIVI"/></identifiers><balance>6345543</balance><units>PA</units><curCd>USD</curCd><valUSD>6369339</valUSD><pctVal>0.4868</pctVal><payoffProfile>Long</payoffProfile><assetCat>LON</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2026-09-24</maturityDt><couponKind>Floating</couponKind><annualizedRt>5.29938</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>MCAFEE LLC</name><lei>549300713UKUTLV9T378</lei><title>McAfee LLC</title><cusip>57906PAG4</cusip><identifiers><isin value="US57906PAG46"/><ticker value="MCAFEE"/></identifiers><balance>3144413</balance><units>PA</units><curCd>USD</curCd><valUSD>3156205</valUSD><pctVal>0.2412</pctVal><payoffProfile>Long</payoffProfile><assetCat>LON</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2024-09-29</maturityDt><couponKind>Floating</couponKind><annualizedRt>5.55475</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>MOHEGAN TRIBAL GAMING AUTHO</name><lei>549300UB083Z2NRDHC48</lei><title>Mohegan Gaming &amp; Entertainment</title><cusip>608330AP1</cusip><identifiers><isin value="US608330AP10"/><ticker value="MOHEGN"/></identifiers><balance>2568884</balance><units>PA</units><curCd>USD</curCd><valUSD>2521180</valUSD><pctVal>0.1927</pctVal><payoffProfile>Long</payoffProfile><assetCat>LON</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2021-10-13</maturityDt><couponKind>Floating</couponKind><annualizedRt>5.54938</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>PATRIOT RAIL CO LLC</name><lei>54930012WDVZ70NK6727</lei><title>Patriot Rail Co LLC</title><cusip>62876RAB7</cusip><identifiers><isin value="US62876RAB78"/><ticker value="PATRAI"/></identifiers><balance>2160000</balance><units>PA</units><curCd>USD</curCd><valUSD>2165400</valUSD><pctVal>0.1655</pctVal><payoffProfile>Long</payoffProfile><assetCat>LON</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2026-10-19</maturityDt><couponKind>Floating</couponKind><annualizedRt>7.21588</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>CSC HOLDINGS LLC</name><lei>3HG2WD2W22M120IUNG49</lei><title>CSC Holdings LLC</title><cusip>64072UAH5</cusip><identifiers><isin value="US64072UAH59"/><ticker 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value="CIRRES"/></identifiers><balance>4401000</balance><units>PA</units><curCd>USD</curCd><valUSD>4423005</valUSD><pctVal>0.338</pctVal><payoffProfile>Long</payoffProfile><assetCat>LON</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2025-08-09</maturityDt><couponKind>Floating</couponKind><annualizedRt>10.03513</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>TACALA INVESTMENT CORP</name><lei>549300XTM341KBSTDI88</lei><title>Tacala Investment Corp</title><cusip>873412AC4</cusip><identifiers><ticker value="TACALA"/></identifiers><balance>3956000</balance><units>PA</units><curCd>USD</curCd><valUSD>3924906</valUSD><pctVal>0.3</pctVal><payoffProfile>Long</payoffProfile><assetCat>LON</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2026-02-01</maturityDt><couponKind>Floating</couponKind><annualizedRt>9.54938</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>TERRIER MEDIA BUYER INC</name><lei>N/A</lei><title>Terrier Media Buyer Inc</title><cusip>88145LAB0</cusip><identifiers><isin value="US88145LAB09"/><ticker value="TERMED"/></identifiers><balance>3190000</balance><units>PA</units><curCd>USD</curCd><valUSD>3219922</valUSD><pctVal>0.2461</pctVal><payoffProfile>Long</payoffProfile><assetCat>LON</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2026-12-17</maturityDt><couponKind>Floating</couponKind><annualizedRt>0</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>JANE STREET GROUP LLC</name><lei>5493002N1IVX6KHGYO08</lei><title>Jane Street Group LLC</title><cusip>BL2972414</cusip><identifiers><ticker value="JANSTR"/></identifiers><balance>6178078</balance><units>PA</units><curCd>USD</curCd><valUSD>6162633</valUSD><pctVal>0.471</pctVal><payoffProfile>Long</payoffProfile><assetCat>LON</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2022-08-25</maturityDt><couponKind>Floating</couponKind><annualizedRt>4.79938</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>FORMULA ONE MANAGEMENT</name><lei>N/A</lei><title>Formula One Management Ltd</title><cusip>BL2628156</cusip><identifiers><isin value="XAL2465BAQ94"/><ticker value="FMUONE"/></identifiers><balance>13028000</balance><units>PA</units><curCd>USD</curCd><valUSD>13072816</valUSD><pctVal>0.9991</pctVal><payoffProfile>Long</payoffProfile><assetCat>LON</assetCat><issuerCat>CORP</issuerCat><invCountry>GB</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2024-02-01</maturityDt><couponKind>Floating</couponKind><annualizedRt>4.29938</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>STARFRUIT US HOLDCO LLC</name><lei>549300K7VB5G6LULFT41</lei><title>Nouryon USA LLC</title><cusip>N8232NAB3</cusip><identifiers><isin value="XAN8232NAB37"/><ticker value="SPCHEM"/></identifiers><balance>2864359</balance><units>PA</units><curCd>USD</curCd><valUSD>2861982</valUSD><pctVal>0.2187</pctVal><payoffProfile>Long</payoffProfile><assetCat>LON</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2025-10-01</maturityDt><couponKind>Floating</couponKind><annualizedRt>4.96013</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>N/A</name><lei>N/A</lei><title>CDX.NA.HY Series 33</title><cusip>N/A</cusip><identifiers><other otherDesc="BP1230P1HY5" value="Internal ID"/></identifiers><balance>-23760000</balance><units>OU</units><descOthUnits>Notional</descOthUnits><curCd>USD</curCd><valUSD>-2289569</valUSD><pctVal>-0.175</pctVal><payoffProfile>N/A</payoffProfile><assetCat>DCR</assetCat><issuerConditional desc="N/A" issuerCat="OTHER"/><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><derivativeInfo><swapDeriv derivCat="SWP"><counterparties><counterpartyName>Goldman Sachs &amp; Co. LLC</counterpartyName><counterpartyLei>FOR8UP27PHTHYVLBNG30</counterpartyLei></counterparties><descRefInstrmnt><otherRefInst><issuerName>MARKIT CDX.NA.HY.33</issuerName><issueTitle>CDX.NA.HY.S33.V2-5Y</issueTitle><identifiers><other otherDesc="2I65BRSP6" value="RED Code"/></identifiers></otherRefInst></descRefInstrmnt><swapFlag>Y</swapFlag><otherRecDesc fixedOrFloating="Other">CDX.NA.HY Series 33</otherRecDesc><fixedPmntDesc amount="-42900" curCd="USD" fixedOrFloating="Fixed" fixedRt="5"/><terminationDt>2024-12-20</terminationDt><upfrontPmnt>0</upfrontPmnt><pmntCurCd>USD</pmntCurCd><upfrontRcpt>2324736.24</upfrontRcpt><rcptCurCd>USD</rcptCurCd><notionalAmt>-23760000</notionalAmt><curCd>USD</curCd><unrealizedAppr>35168</unrealizedAppr></swapDeriv></derivativeInfo><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec></invstOrSecs><explntrNotes><explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/></explntrNotes><signature><ncom:dateSigned>2020-02-14</ncom:dateSigned><ncom:nameOfApplicant>JESPER NERGAARD</ncom:nameOfApplicant><ncom:signature>JESPER NERGAARD</ncom:signature><ncom:signerName>JESPER NERGAARD</ncom:signerName><ncom:title>VP, CFO, TREASURER, AND PRINCIPAL ACCOUNTING OFFICER</ncom:title></signature></nport:formData></nport:edgarSubmission>
