Corporate Bonds - 74.0%
|
|||
Principal
Amount (a)
(000s)
|
Value ($)
(000s)
|
||
Convertible Bonds - 72.4%
|
|||
COMMUNICATION SERVICES - 8.1%
|
|||
Diversified Telecommunication Services - 0.0%
|
|||
Radius Global Infrastructure, Inc. 2.5% 9/15/26 (b)
|
264
|
246
|
|
Entertainment - 2.1%
|
|||
Liberty Media Corp. 0.5% 12/1/50 (b)
|
1,721
|
1,703
|
|
Liberty Media Corp. Liberty Formula One 2.25% 8/15/27 (b)
|
9,614
|
9,749
|
|
Live Nation Entertainment, Inc.:
|
|||
2% 2/15/25
|
172
|
167
|
|
3.125% 1/15/29(b)
|
12,226
|
12,104
|
|
Spotify U.S.A., Inc. 0% 3/15/26
|
2,910
|
2,386
|
|
World Wrestling Entertainment, Inc. 3.375% 12/15/23
|
65
|
219
|
|
Zynga, Inc.:
|
|||
0% 12/15/26
|
5,479
|
5,425
|
|
0.25% 6/1/24
|
3,904
|
4,158
|
|
35,911
|
|||
Interactive Media & Services - 3.1%
|
|||
Eventbrite, Inc. 5% 12/1/25
|
2,635
|
2,725
|
|
IAC FinanceCo 2, Inc. 0.875% 6/15/26 (b)
|
3,612
|
3,178
|
|
IAC FinanceCo 3, Inc. 2% 1/15/30 (b)
|
3,607
|
3,176
|
|
Liberty TripAdvisor Holdings, Inc. 0.5% 6/30/51 (b)
|
13,129
|
10,313
|
|
Snap, Inc.:
|
|||
0% 5/1/27
|
10,175
|
7,311
|
|
0.125% 3/1/28
|
23,763
|
16,575
|
|
0.25% 5/1/25
|
2,787
|
2,602
|
|
0.75% 8/1/26
|
4,240
|
3,765
|
|
TripAdvisor, Inc. 0.25% 4/1/26
|
5,185
|
4,285
|
|
53,930
|
|||
Media - 2.9%
|
|||
Cable One, Inc. 0% 3/15/26
|
262
|
205
|
|
DISH Network Corp.:
|
|||
0% 12/15/25
|
236
|
150
|
|
2.375% 3/15/24
|
9,499
|
8,725
|
|
3.375% 8/15/26
|
29,987
|
19,164
|
|
Gannett Co., Inc. 4.75% 4/15/24
|
1,450
|
1,137
|
|
Liberty Broadband Corp. 3.125% 3/31/53 (b)
|
8,650
|
8,460
|
|
Liberty Interactive LLC 1.75% 9/30/46 (b)
|
1,748
|
1,833
|
|
Liberty Media Corp. 1.375% 10/15/23
|
3,493
|
3,927
|
|
Magnite, Inc. 0.25% 3/15/26
|
7,345
|
5,816
|
|
TechTarget, Inc. 0% 12/15/26
|
260
|
202
|
|
49,619
|
|||
TOTAL COMMUNICATION SERVICES
|
139,706
|
||
CONSUMER DISCRETIONARY - 10.2%
|
|||
Auto Components - 0.1%
|
|||
LCI Industries 1.125% 5/15/26
|
210
|
191
|
|
Patrick Industries, Inc. 1.75% 12/1/28
|
2,423
|
2,225
|
|
2,416
|
|||
Automobiles - 1.1%
|
|||
Ford Motor Co. 0% 3/15/26
|
8,343
|
8,030
|
|
Lucid Group, Inc. 1.25% 12/15/26 (b)
|
13,735
|
8,241
|
|
Winnebago Industries, Inc. 1.5% 4/1/25
|
2,250
|
2,609
|
|
18,880
|
|||
Diversified Consumer Services - 0.3%
|
|||
2U, Inc. 2.25% 5/1/25
|
278
|
225
|
|
Chegg, Inc.:
|
|||
0% 9/1/26
|
3,627
|
2,821
|
|
0.125% 3/15/25
|
3,470
|
3,012
|
|
6,058
|
|||
Hotels, Restaurants & Leisure - 5.1%
|
|||
Airbnb, Inc. 0% 3/15/26
|
209
|
180
|
|
Booking Holdings, Inc. 0.75% 5/1/25
|
4,192
|
6,037
|
|
Carnival Corp. 5.75% 12/1/27 (b)
|
6,950
|
7,669
|
|
Cracker Barrel Old Country Store, Inc. 0.625% 6/15/26
|
10,128
|
8,957
|
|
DraftKings, Inc. 0% 3/15/28
|
49,293
|
34,160
|
|
Expedia, Inc. 0% 2/15/26
|
225
|
198
|
|
Marriott Vacations Worldwide Corp.:
|
|||
0% 1/15/26
|
200
|
205
|
|
3.25% 12/15/27(b)
|
6,640
|
6,829
|
|
NCL Corp. Ltd.:
|
|||
1.125% 2/15/27
|
257
|
192
|
|
2.5% 2/15/27
|
2,510
|
1,969
|
|
5.375% 8/1/25
|
127
|
144
|
|
Penn Entertainment, Inc. 2.75% 5/15/26
|
4,221
|
6,256
|
|
Royal Caribbean Cruises Ltd. 6% 8/15/25 (b)
|
8,705
|
14,093
|
|
Shake Shack, Inc. 0% 3/1/28
|
156
|
116
|
|
The Cheesecake Factory, Inc. 0.375% 6/15/26
|
220
|
186
|
|
Vail Resorts, Inc. 0% 1/1/26
|
200
|
180
|
|
87,371
|
|||
Internet & Direct Marketing Retail - 2.4%
|
|||
Etsy, Inc.:
|
|||
0.125% 10/1/26
|
7,722
|
11,857
|
|
0.125% 9/1/27
|
4,882
|
4,577
|
|
0.25% 6/15/28
|
210
|
175
|
|
Lyft, Inc. 1.5% 5/15/25
|
1,012
|
882
|
|
The RealReal, Inc. 1% 3/1/28
|
2,304
|
861
|
|
Uber Technologies, Inc. 0% 12/15/25
|
5,200
|
4,517
|
|
Wayfair LLC:
|
|||
0.625% 10/1/25
|
22,573
|
16,752
|
|
1.125% 11/1/24
|
120
|
105
|
|
Xometry, Inc. 1% 2/1/27
|
1,400
|
1,190
|
|
40,916
|
|||
Leisure Products - 0.9%
|
|||
Peloton Interactive, Inc. 0% 2/15/26
|
12,927
|
10,081
|
|
Topgolf Callaway Brands Corp. 2.75% 5/1/26
|
3,690
|
5,371
|
|
15,452
|
|||
Specialty Retail - 0.3%
|
|||
Burlington Stores, Inc. 2.25% 4/15/25
|
190
|
224
|
|
National Vision Holdings, Inc. 2.5% 5/15/25
|
3,617
|
4,762
|
|
4,986
|
|||
TOTAL CONSUMER DISCRETIONARY
|
176,079
|
||
CONSUMER STAPLES - 1.4%
|
|||
Food & Staples Retailing - 0.2%
|
|||
Chefs' Warehouse Holdings 2.375% 12/15/28 (b)
|
4,220
|
4,196
|
|
Food Products - 0.2%
|
|||
Post Holdings, Inc. 2.5% 8/15/27 (b)
|
3,090
|
3,196
|
|
Tobacco - 1.0%
|
|||
Turning Point Brands, Inc. 2.5% 7/15/24
|
17,611
|
16,474
|
|
TOTAL CONSUMER STAPLES
|
23,866
|
||
ENERGY - 2.3%
|
|||
Energy Equipment & Services - 0.0%
|
|||
Vantage Drilling Co. 0% 7/15/43 (b)(c)(d)
|
20,000
|
0
|
|
Oil, Gas & Consumable Fuels - 2.3%
|
|||
Antero Resources Corp. 4.25% 9/1/26
|
466
|
2,800
|
|
CNX Resources Corp. 2.25% 5/1/26
|
3,271
|
4,426
|
|
EQT Corp. 1.75% 5/1/26
|
1,964
|
4,481
|
|
Northern Oil & Gas, Inc. 3.625% 4/15/29 (b)
|
13,906
|
14,984
|
|
Peabody Energy Corp. 3.25% 3/1/28 (b)
|
2,047
|
3,267
|
|
Pioneer Natural Resources Co. 0.25% 5/15/25
|
4,525
|
9,217
|
|
39,175
|
|||
TOTAL ENERGY
|
39,175
|
||
FINANCIALS - 1.9%
|
|||
Capital Markets - 0.8%
|
|||
Coinbase Global, Inc. 0.5% 6/1/26
|
19,348
|
13,573
|
|
Consumer Finance - 1.1%
|
|||
EZCORP, Inc. 3.75% 12/15/29 (b)
|
1,180
|
1,182
|
|
LendingTree, Inc. 0.5% 7/15/25
|
11,632
|
9,131
|
|
SoFi Technologies, Inc. 0% 10/15/26 (b)
|
12,111
|
8,908
|
|
19,221
|
|||
TOTAL FINANCIALS
|
32,794
|
||
HEALTH CARE - 9.9%
|
|||
Biotechnology - 2.9%
|
|||
Alnylam Pharmaceuticals, Inc. 1% 9/15/27 (b)
|
9,620
|
9,191
|
|
Cerevel Therapeutics Holdings 2.5% 8/15/27 (b)
|
680
|
612
|
|
Coherus BioSciences, Inc. 1.5% 4/15/26
|
205
|
142
|
|
Dynavax Technologies Corp. 2.5% 5/15/26
|
200
|
246
|
|
Exact Sciences Corp.:
|
|||
0.375% 3/15/27
|
258
|
234
|
|
0.375% 3/1/28
|
279
|
240
|
|
1% 1/15/25
|
166
|
187
|
|
Halozyme Therapeutics, Inc. 1% 8/15/28 (b)
|
3,180
|
3,299
|
|
Insmed, Inc.:
|
|||
0.75% 6/1/28
|
3,200
|
2,766
|
|
1.75% 1/15/25
|
2,000
|
1,872
|
|
Natera, Inc. 2.25% 5/1/27
|
1,392
|
2,053
|
|
Novavax, Inc. 5% 12/15/27 (b)
|
6,183
|
5,575
|
|
PTC Therapeutics, Inc. 1.5% 9/15/26
|
2,719
|
2,913
|
|
Sarepta Therapeutics, Inc.:
|
|||
1.25% 9/15/27(b)
|
13,552
|
15,160
|
|
1.5% 11/15/24
|
2,860
|
5,088
|
|
49,578
|
|||
Health Care Equipment & Supplies - 4.0%
|
|||
CONMED Corp. 2.25% 6/15/27 (b)
|
2,740
|
2,580
|
|
DexCom, Inc.:
|
|||
0.25% 11/15/25
|
8,437
|
8,931
|
|
0.75% 12/1/23
|
5,437
|
14,688
|
|
Envista Holdings Corp. 2.375% 6/1/25
|
4,917
|
9,328
|
|
Glaukos Corp. 2.75% 6/15/27
|
2,154
|
2,594
|
|
Haemonetics Corp. 0% 3/1/26
|
270
|
224
|
|
Insulet Corp. 0.375% 9/1/26
|
5,772
|
7,685
|
|
Integer Holdings Corp. 2.125% 2/15/28 (b)
|
8,930
|
9,515
|
|
Integra LifeSciences Holdings Corp. 0.5% 8/15/25
|
230
|
220
|
|
Lantheus Holdings, Inc. 2.625% 12/15/27 (b)
|
2,990
|
3,586
|
|
LivaNova U.S.A., Inc. 3% 12/15/25
|
4,024
|
4,241
|
|
Mesa Laboratories, Inc. 1.375% 8/15/25
|
1,437
|
1,335
|
|
Nevro Corp. 2.75% 4/1/25
|
1,023
|
933
|
|
Novocure Ltd. 0% 11/1/25
|
200
|
183
|
|
Omnicell, Inc. 0.25% 9/15/25
|
2,491
|
2,258
|
|
Tandem Diabetes Care, Inc. 1.5% 5/1/25 (b)
|
197
|
179
|
|
Varex Imaging Corp. 4% 6/1/25
|
190
|
205
|
|
68,685
|
|||
Health Care Providers & Services - 1.3%
|
|||
Accolade, Inc. 0.5% 4/1/26
|
13,916
|
10,761
|
|
Guardant Health, Inc. 0% 11/15/27
|
4,885
|
3,332
|
|
NeoGenomics, Inc. 1.25% 5/1/25
|
750
|
688
|
|
Oak Street Health, Inc. 0% 3/15/26
|
8,617
|
7,972
|
|
22,753
|
|||
Health Care Technology - 1.1%
|
|||
Health Catalyst, Inc. 2.5% 4/15/25
|
1,647
|
1,537
|
|
Nextgen Healthcare, Inc. 3.75% 11/15/27 (b)
|
5,220
|
5,317
|
|
Teladoc Health, Inc. 1.25% 6/1/27
|
5,479
|
4,284
|
|
Veradigm, Inc. 0.875% 1/1/27
|
5,425
|
7,334
|
|
18,472
|
|||
Life Sciences Tools & Services - 0.3%
|
|||
Illumina, Inc. 0% 8/15/23
|
169
|
164
|
|
Nanostring Technologies, Inc. 2.625% 3/1/25
|
1,826
|
1,516
|
|
Repligen Corp. 0.375% 7/15/24
|
2,430
|
3,860
|
|
5,540
|
|||
Pharmaceuticals - 0.3%
|
|||
Innoviva, Inc. 2.125% 3/15/28 (b)
|
200
|
159
|
|
Jazz Investments I Ltd. 2% 6/15/26
|
3,746
|
4,060
|
|
4,219
|
|||
TOTAL HEALTH CARE
|
169,247
|
||
INDUSTRIALS - 4.5%
|
|||
Aerospace & Defense - 0.4%
|
|||
Parsons Corp. 0.25% 8/15/25
|
6,218
|
6,821
|
|
Air Freight & Logistics - 0.4%
|
|||
Air Transport Services Group, Inc. 1.125% 10/15/24
|
2,096
|
1,965
|
|
Atlas Air Worldwide Holdings, Inc. 1.875% 6/1/24
|
2,880
|
4,801
|
|
6,766
|
|||
Airlines - 1.1%
|
|||
American Airlines Group, Inc. 6.5% 7/1/25
|
7,315
|
8,818
|
|
JetBlue Airways Corp. 0.5% 4/1/26
|
4,981
|
3,838
|
|
Southwest Airlines Co. 1.25% 5/1/25
|
5,404
|
6,158
|
|
18,814
|
|||
Construction & Engineering - 0.5%
|
|||
Granite Construction, Inc. 2.75% 11/1/24
|
5,766
|
8,120
|
|
Electrical Equipment - 0.7%
|
|||
Array Technologies, Inc. 1% 12/1/28
|
4,489
|
4,502
|
|
Bloom Energy Corp. 2.5% 8/15/25
|
139
|
203
|
|
Plug Power, Inc. 3.75% 6/1/25
|
74
|
220
|
|
Stem, Inc. 0.5% 12/1/28 (b)
|
9,056
|
5,524
|
|
Sunrun, Inc. 0% 2/1/26
|
2,633
|
1,835
|
|
12,284
|
|||
Machinery - 0.7%
|
|||
John Bean Technologies Corp. 0.25% 5/15/26
|
247
|
226
|
|
Middleby Corp. 1% 9/1/25
|
8,430
|
10,892
|
|
The Greenbrier Companies, Inc. 2.875% 4/15/28
|
129
|
110
|
|
11,228
|
|||
Professional Services - 0.7%
|
|||
FTI Consulting, Inc. 2% 8/15/23
|
2,854
|
5,190
|
|
KBR, Inc. 2.5% 11/1/23
|
3,354
|
7,327
|
|
12,517
|
|||
TOTAL INDUSTRIALS
|
76,550
|
||
INFORMATION TECHNOLOGY - 30.1%
|
|||
Communications Equipment - 0.4%
|
|||
Lumentum Holdings, Inc.:
|
|||
0.25% 3/15/24
|
2,999
|
3,135
|
|
0.5% 12/15/26
|
3,674
|
3,132
|
|
0.5% 6/15/28(b)
|
200
|
151
|
|
6,418
|
|||
Electronic Equipment & Components - 0.5%
|
|||
Insight Enterprises, Inc. 0.75% 2/15/25
|
4,484
|
8,827
|
|
Par Technology Corp. 1.5% 10/15/27
|
261
|
208
|
|
9,035
|
|||
IT Services - 6.8%
|
|||
Affirm Holdings, Inc. 0% 11/15/26
|
5,457
|
3,639
|
|
Akamai Technologies, Inc.:
|
|||
0.125% 5/1/25
|
8,104
|
7,863
|
|
0.375% 9/1/27
|
7,268
|
6,450
|
|
BigCommerce Holdings, Inc. 0.25% 10/1/26
|
15,946
|
12,063
|
|
Block, Inc.:
|
|||
0% 5/1/26
|
309
|
252
|
|
0.125% 3/1/25
|
147
|
145
|
|
0.25% 11/1/27
|
295
|
228
|
|
0.5% 5/15/23
|
161
|
175
|
|
Cloudflare, Inc.:
|
|||
0% 8/15/26
|
9,035
|
7,476
|
|
0.75% 5/15/25
|
2,938
|
4,877
|
|
Digitalocean Holdings, Inc. 0% 12/1/26
|
14,689
|
11,248
|
|
Fastly, Inc. 0% 3/15/26
|
12,275
|
9,667
|
|
MongoDB, Inc. 0.25% 1/15/26
|
6,149
|
7,434
|
|
Okta, Inc.:
|
|||
0.125% 9/1/25
|
10,298
|
8,934
|
|
0.375% 6/15/26
|
11,911
|
9,970
|
|
Perficient, Inc. 0.125% 11/15/26
|
4,337
|
3,397
|
|
Repay Holdings Corp. 0% 2/1/26 (b)
|
2,027
|
1,597
|
|
Shift4 Payments, Inc.:
|
|||
0% 12/15/25
|
3,583
|
3,807
|
|
0.5% 8/1/27
|
5,691
|
4,943
|
|
Shopify, Inc. 0.125% 11/1/25
|
8,080
|
6,852
|
|
Wix.com Ltd. 0% 8/15/25
|
7,988
|
6,806
|
|
117,823
|
|||
Semiconductors & Semiconductor Equipment - 3.7%
|
|||
Camtek Ltd. 0% 12/1/26 (b)
|
200
|
164
|
|
Enphase Energy, Inc.:
|
|||
0% 3/1/26
|
260
|
263
|
|
0% 3/1/28
|
260
|
268
|
|
0.25% 3/1/25
|
550
|
1,464
|
|
onsemi:
|
|||
0% 5/1/27
|
9,173
|
14,218
|
|
0.5% 3/1/29(b)
|
11,120
|
11,179
|
|
1.625% 10/15/23
|
1,137
|
4,240
|
|
Semtech Corp. 1.625% 11/1/27 (b)
|
4,026
|
4,286
|
|
SMART Global Holdings, Inc. 2.25% 2/15/26
|
2,200
|
2,343
|
|
SolarEdge Technologies, Inc. 0% 9/15/25
|
3,440
|
4,546
|
|
Wolfspeed, Inc.:
|
|||
0.25% 2/15/28
|
2,170
|
1,904
|
|
1.75% 5/1/26
|
3,331
|
5,531
|
|
1.875% 12/1/29(b)
|
13,345
|
12,571
|
|
62,977
|
|||
Software - 18.7%
|
|||
8x8, Inc. 0.5% 2/1/24
|
4,969
|
4,524
|
|
Altair Engineering, Inc.:
|
|||
0.25% 6/1/24
|
3,124
|
4,413
|
|
1.75% 6/15/27(b)
|
2,750
|
2,984
|
|
Avalara, Inc. 0.25% 8/1/26
|
3,525
|
3,516
|
|
Bentley Systems, Inc.:
|
|||
0.125% 1/15/26
|
3,500
|
3,224
|
|
0.375% 7/1/27
|
8,526
|
7,081
|
|
Bill Holdings, Inc.:
|
|||
0% 12/1/25
|
140
|
129
|
|
0% 4/1/27
|
4,912
|
3,822
|
|
BlackLine, Inc.:
|
|||
0% 3/15/26
|
9,971
|
8,419
|
|
0.125% 8/1/24
|
7,892
|
8,771
|
|
Box, Inc. 0% 1/15/26
|
4,133
|
5,660
|
|
Cerence, Inc. 3% 6/1/25
|
1,133
|
1,192
|
|
Ceridian HCM Holding, Inc. 0.25% 3/15/26
|
197
|
175
|
|
Confluent, Inc. 0% 1/15/27
|
13,001
|
10,103
|
|
Coupa Software, Inc.:
|
|||
0.125% 6/15/25
|
5,277
|
5,240
|
|
0.375% 6/15/26
|
8,693
|
8,628
|
|
CyberArk Software Ltd. 0% 11/15/24
|
4,989
|
5,517
|
|
Datadog, Inc. 0.125% 6/15/25
|
118
|
129
|
|
Dropbox, Inc.:
|
|||
0% 3/1/26
|
1,969
|
1,709
|
|
0% 3/1/28
|
2,025
|
1,721
|
|
Everbridge, Inc.:
|
|||
0% 3/15/26
|
6,786
|
5,717
|
|
0.125% 12/15/24
|
4,904
|
4,407
|
|
Five9, Inc. 0.5% 6/1/25
|
7,508
|
6,738
|
|
Guidewire Software, Inc. 1.25% 3/15/25
|
2,797
|
2,635
|
|
HubSpot, Inc. 0.375% 6/1/25
|
6,167
|
9,032
|
|
InterDigital, Inc. 3.5% 6/1/27 (b)
|
270
|
299
|
|
LivePerson, Inc.:
|
|||
0% 12/15/26
|
22,708
|
16,790
|
|
0.75% 3/1/24
|
4,606
|
4,275
|
|
MicroStrategy, Inc.:
|
|||
0% 2/15/27
|
27,610
|
12,922
|
|
0.75% 12/15/25
|
6,100
|
4,715
|
|
New Relic, Inc. 0.5% 5/1/23
|
4,454
|
4,407
|
|
Pagerduty, Inc. 1.25% 7/1/25
|
1,647
|
1,731
|
|
Palo Alto Networks, Inc.:
|
|||
0.375% 6/1/25
|
13,646
|
26,030
|
|
0.75% 7/1/23
|
11,805
|
24,926
|
|
Pegasystems, Inc. 0.75% 3/1/25
|
1,489
|
1,307
|
|
Porch Group, Inc. 0.75% 9/15/26 (b)
|
7,852
|
4,816
|
|
Progress Software Corp. 1% 4/15/26
|
4,250
|
4,622
|
|
Q2 Holdings, Inc. 0.75% 6/1/26
|
3,953
|
3,340
|
|
Rapid7, Inc.:
|
|||
0.25% 3/15/27
|
10,933
|
9,618
|
|
2.25% 5/1/25
|
3,728
|
3,816
|
|
RingCentral, Inc.:
|
|||
0% 3/1/25
|
7,082
|
6,223
|
|
0% 3/15/26
|
6,321
|
5,124
|
|
Splunk, Inc.:
|
|||
0.5% 9/15/23
|
2,974
|
2,913
|
|
1.125% 9/15/25
|
7,367
|
7,223
|
|
1.125% 6/15/27
|
5,000
|
4,271
|
|
Tyler Technologies, Inc. 0.25% 3/15/26
|
9,035
|
8,407
|
|
Unity Software, Inc. 0% 11/15/26
|
26,949
|
20,468
|
|
Varonis Systems, Inc. 1.25% 8/15/25
|
2,684
|
2,969
|
|
Verint Systems, Inc. 0.25% 4/15/26
|
1,780
|
1,566
|
|
Veritone, Inc. 1.75% 11/15/26
|
334
|
238
|
|
Workiva, Inc. 1.125% 8/15/26
|
9,483
|
12,086
|
|
Zscaler, Inc. 0.125% 7/1/25
|
8,780
|
9,741
|
|
320,329
|
|||
TOTAL INFORMATION TECHNOLOGY
|
516,582
|
||
MATERIALS - 0.9%
|
|||
Chemicals - 0.2%
|
|||
Livent Corp. 4.125% 7/15/25
|
1,384
|
3,846
|
|
Metals & Mining - 0.7%
|
|||
ATI, Inc. 3.5% 6/15/25
|
170
|
454
|
|
MP Materials Corp. 0.25% 4/1/26 (b)
|
7,480
|
7,660
|
|
United States Steel Corp. 5% 11/1/26
|
1,847
|
4,351
|
|
12,465
|
|||
TOTAL MATERIALS
|
16,311
|
||
REAL ESTATE - 1.3%
|
|||
Equity Real Estate Investment Trusts (REITs) - 0.3%
|
|||
Pebblebrook Hotel Trust 1.75% 12/15/26
|
182
|
156
|
|
Summit Hotel Properties, Inc. 1.5% 2/15/26
|
187
|
163
|
|
Uniti Fiber Holdings, Inc. 4% 6/15/24 (b)
|
3,071
|
2,777
|
|
Uniti Group, Inc. 7.5% 12/1/27 (b)
|
2,165
|
1,995
|
|
5,091
|
|||
Real Estate Management & Development - 1.0%
|
|||
Realogy Group LLC/Realogy Co-Issuer Corp. 0.25% 6/15/26
|
268
|
187
|
|
Redfin Corp.:
|
|||
0% 10/15/25
|
410
|
293
|
|
0.5% 4/1/27
|
12,013
|
7,224
|
|
Zillow Group, Inc.:
|
|||
1.375% 9/1/26
|
7,660
|
8,790
|
|
2.75% 5/15/25
|
187
|
189
|
|
16,683
|
|||
TOTAL REAL ESTATE
|
21,774
|
||
UTILITIES - 1.8%
|
|||
Electric Utilities - 1.5%
|
|||
Alliant Energy Corp. 3.875% 3/15/26 (b)
|
2,600
|
2,600
|
|
NRG Energy, Inc. 2.75% 6/1/48
|
6,814
|
6,783
|
|
PPL Capital Funding, Inc. 2.875% 3/15/28 (b)
|
7,610
|
7,457
|
|
Southern Co. 3.875% 12/15/25 (b)
|
8,560
|
8,411
|
|
25,251
|
|||
Independent Power and Renewable Electricity Producers - 0.3%
|
|||
NextEra Energy Partners LP:
|
|||
0% 6/15/24(b)
|
210
|
194
|
|
2.5% 6/15/26(b)
|
180
|
163
|
|
Ormat Technologies, Inc. 2.5% 7/15/27 (b)
|
1,700
|
1,889
|
|
Sunnova Energy International, Inc.:
|
|||
0.25% 12/1/26
|
200
|
153
|
|
2.625% 2/15/28(b)
|
3,980
|
3,118
|
|
5,517
|
|||
TOTAL UTILITIES
|
30,768
|
||
TOTAL CONVERTIBLE BONDS
|
1,242,852
|
||
Nonconvertible Bonds - 1.6%
|
|||
COMMUNICATION SERVICES - 0.5%
|
|||
Media - 0.5%
|
|||
Gannett Holdings LLC 6% 11/1/26 (b)
|
11,650
|
9,787
|
|
CONSUMER STAPLES - 0.5%
|
|||
Tobacco - 0.5%
|
|||
Turning Point Brands, Inc. 5.625% 2/15/26 (b)
|
9,153
|
8,284
|
|
ENERGY - 0.3%
|
|||
Oil, Gas & Consumable Fuels - 0.3%
|
|||
Calumet Specialty Products Partners LP/Calumet Finance Corp. 11% 4/15/25 (b)
|
2,380
|
2,468
|
|
SFL Corp. Ltd. 7.25% 5/12/26 (b)
|
2,800
|
2,636
|
|
5,104
|
|||
INFORMATION TECHNOLOGY - 0.3%
|
|||
Software - 0.3%
|
|||
Veritas U.S., Inc./Veritas Bermuda Ltd. 7.5% 9/1/25 (b)
|
6,575
|
5,062
|
|
TOTAL NONCONVERTIBLE BONDS
|
28,237
|
||
TOTAL CORPORATE BONDS
(Cost $1,244,720)
|
1,271,089
|
||
Common Stocks - 11.1%
|
|||
Shares
|
Value ($)
(000s)
|
||
COMMUNICATION SERVICES - 0.6%
|
|||
Media - 0.6%
|
|||
Gannett Co., Inc. (e)(f)
|
3,063,023
|
9,281
|
|
CONSUMER DISCRETIONARY - 2.0%
|
|||
Automobiles - 0.8%
|
|||
Ford Motor Co.
|
326,800
|
3,944
|
|
Tesla, Inc. (e)
|
45,900
|
9,442
|
|
13,386
|
|||
Hotels, Restaurants & Leisure - 1.2%
|
|||
A&W Revenue Royalties Income Fund
|
159,900
|
4,430
|
|
Airbnb, Inc. Class A (e)
|
31,900
|
3,933
|
|
Super Group SGHC Ltd. (e)(f)
|
3,208,777
|
12,386
|
|
20,749
|
|||
TOTAL CONSUMER DISCRETIONARY
|
34,135
|
||
ENERGY - 5.0%
|
|||
Oil, Gas & Consumable Fuels - 5.0%
|
|||
Calumet Specialty Products Partners LP (e)
|
449,506
|
8,770
|
|
DHT Holdings, Inc.
|
5,843,512
|
67,598
|
|
Scorpio Tankers, Inc.
|
158,402
|
9,561
|
|
85,929
|
|||
INDUSTRIALS - 1.5%
|
|||
Electrical Equipment - 1.5%
|
|||
Babcock & Wilcox Enterprises, Inc. (e)(f)
|
4,012,446
|
26,041
|
|
INFORMATION TECHNOLOGY - 1.5%
|
|||
Semiconductors & Semiconductor Equipment - 0.9%
|
|||
Advanced Micro Devices, Inc. (e)
|
62,700
|
4,927
|
|
NVIDIA Corp.
|
27,200
|
6,315
|
|
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR
|
45,300
|
3,944
|
|
15,186
|
|||
Software - 0.2%
|
|||
Zoom Video Communications, Inc. Class A (e)
|
58,000
|
4,326
|
|
Technology Hardware, Storage & Peripherals - 0.4%
|
|||
Apple, Inc.
|
45,600
|
6,722
|
|
TOTAL INFORMATION TECHNOLOGY
|
26,234
|
||
MATERIALS - 0.5%
|
|||
Metals & Mining - 0.5%
|
|||
Agnico Eagle Mines Ltd. (United States) (f)
|
89,100
|
4,101
|
|
Wheaton Precious Metals Corp.
|
103,400
|
4,308
|
|
8,409
|
|||
TOTAL COMMON STOCKS
(Cost $166,763)
|
190,029
|
||
Convertible Preferred Stocks - 11.8%
|
|||
Shares
|
Value ($)
(000s)
|
||
COMMUNICATION SERVICES - 1.1%
|
|||
Media - 0.0%
|
|||
Paramount Global Series A 5.75%
|
5,960
|
185
|
|
Wireless Telecommunication Services - 1.1%
|
|||
T-Mobile U.S., Inc. 5.25% (b)(e)
|
16,850
|
19,538
|
|
TOTAL COMMUNICATION SERVICES
|
19,723
|
||
CONSUMER DISCRETIONARY - 0.6%
|
|||
Auto Components - 0.6%
|
|||
Aptiv PLC Series A, 5.50%
|
75,100
|
9,550
|
|
FINANCIALS - 3.4%
|
|||
Banks - 3.1%
|
|||
Bank of America Corp. 7.25%
|
19,256
|
22,989
|
|
Wells Fargo & Co. 7.50%
|
24,843
|
29,708
|
|
52,697
|
|||
Capital Markets - 0.3%
|
|||
KKR & Co. LP Series C, 6.00%
|
76,600
|
5,150
|
|
TOTAL FINANCIALS
|
57,847
|
||
HEALTH CARE - 2.2%
|
|||
Health Care Equipment & Supplies - 1.1%
|
|||
Becton, Dickinson & Co. 6.50%
|
103,200
|
4,972
|
|
Boston Scientific Corp. Series A, 5.50%
|
123,900
|
14,041
|
|
19,013
|
|||
Life Sciences Tools & Services - 1.1%
|
|||
Danaher Corp. Series B, 5.00%
|
14,650
|
18,508
|
|
TOTAL HEALTH CARE
|
37,521
|
||
INDUSTRIALS - 1.8%
|
|||
Construction & Engineering - 0.7%
|
|||
Fluor Corp. 6.50%
|
7,050
|
12,108
|
|
Machinery - 1.1%
|
|||
Chart Industries, Inc.
|
152,800
|
8,500
|
|
RBC Bearings, Inc.
|
90,500
|
10,201
|
|
18,701
|
|||
TOTAL INDUSTRIALS
|
30,809
|
||
UTILITIES - 2.7%
|
|||
Electric Utilities - 2.0%
|
|||
American Electric Power Co., Inc. 6.125%
|
96,600
|
4,744
|
|
NextEra Energy, Inc.:
|
|||
6.219%
|
176,100
|
8,145
|
|
6.296%
|
171,600
|
7,949
|
|
PG&E Corp.
|
103,500
|
14,220
|
|
35,058
|
|||
Gas Utilities - 0.0%
|
|||
UGI Corp. 7.125%
|
2,000
|
170
|
|
Independent Power and Renewable Electricity Producers - 0.7%
|
|||
The AES Corp. 6.875%
|
122,400
|
11,154
|
|
Multi-Utilities - 0.0%
|
|||
NiSource, Inc. 7.75%
|
2,200
|
229
|
|
TOTAL UTILITIES
|
46,611
|
||
TOTAL CONVERTIBLE PREFERRED STOCKS
(Cost $192,265)
|
202,061
|
||
Preferred Securities - 0.2%
|
|||
Principal
Amount (a)
(000s)
|
Value ($)
(000s)
|
||
UTILITIES - 0.2%
|
|||
Independent Power and Renewable Electricity Producers - 0.2%
|
|||
Vistra Corp. 7% (b)(g)(h)
(Cost $3,069)
|
3,345
|
3,129
|
|
Money Market Funds - 1.0%
|
|||
Shares
|
Value ($)
(000s)
|
||
Fidelity Cash Central Fund 4.63% (i)
|
12,374,350
|
12,377
|
|
Fidelity Securities Lending Cash Central Fund 4.63% (i)(j)
|
5,429,214
|
5,430
|
|
TOTAL MONEY MARKET FUNDS
(Cost $17,807)
|
17,807
|
||
TOTAL INVESTMENT IN SECURITIES - 98.1%
(Cost $1,624,624)
|
1,684,115
|
NET OTHER ASSETS (LIABILITIES) - 1.9%
|
31,985
|
NET ASSETS - 100.0%
|
1,716,100
|
(a)
|
Amount is stated in United States dollars unless otherwise noted.
|
(b)
|
Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $309,239,000 or 18.0% of net assets.
|
(c)
|
Non-income producing - Security is in default.
|
(d)
|
Level 3 security
|
(e)
|
Non-income producing
|
(f)
|
Security or a portion of the security is on loan at period end.
|
(g)
|
Security is perpetual in nature with no stated maturity date.
|
(h)
|
Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.
|
(i)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
(j)
|
Investment made with cash collateral received from securities on loan.
|
Affiliate (Amounts in thousands)
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
% ownership,
end
of period
|
Fidelity Cash Central Fund 4.63%
|
42,677
|
172,495
|
202,795
|
398
|
-
|
-
|
12,377
|
0.0%
|
Fidelity Securities Lending Cash Central Fund 4.63%
|
23,170
|
52,228
|
69,968
|
44
|
-
|
-
|
5,430
|
0.0%
|
Total
|
65,847
|
224,723
|
272,763
|
442
|
-
|
-
|
17,807
|
|