Mutual Funds
Systematic High Yield Bond Series
Investment Objective
To provide a high level of income as its primary objective and capital appreciation as a secondary objective.
Investment Strategy
Under normal circumstances, the Series will invest at least 80% of its assets in high yield fixed income securities (i.e., “junk bonds”) of any maturity and duration and other financial instruments, principally derivative instruments and exchange-traded funds (ETFs), with economic characteristics similar to high yield fixed income securities.
May be Appropriate for Investors
- Seeking a long-term investment and who are willing to accept the risks associated with non-investment grade debt
- Seeking to diversify a portfolio by adding a bond component
Daily Price
$10.00
Daily $ Change
-$0.01
Daily % Change
-0.10%
as of 10/08/2025
Ticker
MSYZX
CUSIP
56382X404
Inception Date
09/15/2025
Investment Minimum
$1,000,000.00
Investment minimum may be waived for certain qualified retirement plans and discretionary investment accounts of the Advisor.
Important Documents
YTD
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1 Year
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3 Year
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5 Year
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10 Year
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Inception
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Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. The investment return and principal value of an investment will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than that quoted.
Expense Ratio
| Gross | 1.12% |
| Net | 0.45%* |
*Reflects the Advisor’s contractual agreement to limit its fees and reimburse certain expenses. The contractual waiver may not be amended or terminated without the prior approval of the Fund’s Board of Directors. Class Z shares do not make payments to financial intermediaries.
| ALLIANCE RES OP PART LPALLIAN SR GLBL A 20290615 8.625% | 0.38% |
| PRECISION DRILLING CORP SR GLBL A 20290115 6.875% | 0.38% |
| NISSAN MTR ACCEP CO LLC FR . 20280915 2.450% | 0.38% |
| BLACKSTONE MORTGAGE TRUST INC SR SEC GLBL 20291201 7.750% | 0.38% |
| CNX MIDSTREAM PARTNERS LP SR GLBL A 20300415 4.750% | 0.38% |
| DELEK LOGISTICS PARTNERS LP SR GLBL A 20280601 7.125% | 0.38% |
| JEFFERSON CAPITAL HOLDINGS LLC SR A NT. 20290215 9.500% | 0.37% |
| SPIRIT AEROSYSTEMS INC SR SEC GLBL 20291130 9.375% | 0.37% |
| ARCHROCK PARTNERS L P ARCHRO SR GLBL A 20280401 6.250% | 0.37% |
| MURPHY OIL USA INC SR GLBL NT 20270501 5.625% | 0.37% |
Top Ten Investments list is unaudited and excludes cash
| Corporate Credit | 97.22% | |
| Cash and Equivalents | 2.42% | |
| US Agency | 0.36% |
| B | 47.96% | |
| BB | 47.68% | |
| CCC | 2.18% | |
| BBB | 1.46% | |
| NR | 0.73% |
Credit quality ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). Not Rated (NR) is used to classify securities for which a rating is not available. Credit quality ratings reflect the median of Moody’s Investors Services and Standard & Poor’s ratings. Data obtained from Bloomberg.
| Security Description | Country | Ticker | Shares/Par | Market Value (USD) |
|---|---|---|---|---|
| ACADIA HEALTHCARE COMPANY INC SR GLBL A 20330315 7.375% | US | 95,000 | $98,628.05 | |
| ADAMS HOMES INC SR A NT 20281015 9.250% | US | 100,000 | $104,338.00 | |
| ADAPTHEALTH LLC SR GLBL A 20290801 4.625% | US | 110,000 | $103,981.90 | |
| ADIENT GLOBAL HLDGS LTD SR SEC A NT 20280415 7.000% | US | 100,000 | $102,475.00 | |
| ADT SECURITY CORPORATION SR SEC GLBL 20320715 4.875% | US | 105,000 | $101,687.25 | |
| ADTALEM GLOBAL ED INC SR SEC GLBL 20280301 5.500% | US | 100,000 | $99,647.00 | |
| ADVANCE AUTO PARTS INC SR GLBL A 20300801 7.000% | US | 100,000 | $102,885.00 | |
| ALLEGIANT TRAVEL CO SR SEC GLBL 20270815 7.250% | US | 100,000 | $101,243.00 | |
| ALLIANCE RES OP PART LPALLIAN SR GLBL A 20290615 8.625% | US | 100,000 | $105,854.00 | |
| AMENTUM ESCROW CORP SR GLBL A 20320801 7.250% | US | 100,000 | $103,837.00 | |
| AMERICAN AIRLINES SR SEC GLBL 20280215 7.250% | US | 100,000 | $102,446.00 | |
| AMERICAN AXLE n MFG INC SR GLBL NT 20280701 6.875% | US | 105,000 | $104,975.85 | |
| AMERIGAS PARTNERS L P SR GLBL A 20280601 9.375% | US | 100,000 | $102,735.00 | |
| AMERITEX HOLDCO INTER LLC LIEN GLBL 20330815 7.625% | US | 100,000 | $104,079.00 | |
| AMN HEALTHCARE INC SR GLBL A 20290415 4.000% | US | 110,000 | $103,736.60 | |
| ANGI GROUP LLC SR GLBL A 20280815 3.875% | US | 110,000 | $103,383.50 | |
| APOLLO COML REAL ESTATE FIN SR SEC GLBL 20290615 4.625% | US | 105,000 | $100,906.05 | |
| ARCHROCK PARTNERS L P ARCHRO SR GLBL A 20280401 6.250% | US | 105,000 | $105,144.90 | |
| ASBURY AUTOMOTIVE GROUP INC SR GLBL A 20320215 5.000% | US | 105,000 | $100,824.15 | |
| ASCENT RES UTICA HLDGS LLC A SR A NT 20330715 6.625% | US | 100,000 | $101,666.00 | |
| ASGN INC SR GLBL A 20280515 4.625% | US | 105,000 | $103,070.10 | |
| ASHLAND INC SR GLBL A 20310901 3.375% | US | 115,000 | $101,863.55 | |
| ASHTON WOODS USA LLC ASHTON SR A NT 20300401 4.625% | US | 110,000 | $104,134.80 | |
| ATKORE INC SR GLBL A 20310601 4.250% | US | 110,000 | $102,517.80 | |
| ATS CORPORATION GLBL A NT 20281215 4.125% | US | 105,000 | $100,600.50 | |
| AVANTOR FDG INC SR GLBL A 20280715 4.625% | US | 105,000 | $103,284.30 | |
| AVIENT CORPORATION SR GLBL A 20311101 6.250% | US | 100,000 | $101,552.00 | |
| AVIS BUDGET CAR RENT LLC AVIS SR GLBL A 20280401 4.750% | US | 105,000 | $101,759.70 | |
| AZORRA FIN LTD SR GLBL A 20310115 7.250% | US | 100,000 | $104,129.00 | |
| BALL CORP SR GLBL NT 20280315 6.875% | US | 100,000 | $101,914.00 | |
| BATH n BODY WORKS INC SR DEB . 20330301 6.950% | US | 95,000 | $99,186.65 | |
| BAUSCH PLUS LOMB CORP SR SEC GLBL 20281001 8.375% | US | 95,000 | $99,008.05 | |
| BEACON ROOFING SUPPLY LIEN GLBL 20320430 6.750% | US | 100,000 | $103,540.00 | |
| BEAZER HOMES USA INC SR GLBL NT 20291015 7.250% | US | 100,000 | $101,722.00 | |
| BLACKSTONE MORTGAGE TRUST INC SR SEC GLBL 20291201 7.750% | US | 100,000 | $105,507.00 | |
| BLOCK INC SR GLBL A 20300815 5.625% | US | 100,000 | $101,318.00 | |
| BRANDYWINE OPER PARTNERSHIP L CR SEN GLBL NT 20280315 7.550% | US | 95,000 | $100,719.95 | |
| BREAD FINANCIAL HOLDINGS INC SR GLBL A 20290315 9.750% | US | 95,000 | $101,402.05 | |
| BRISTOW GROUP INC SR SEC GLBL 20280301 6.875% | US | 100,000 | $100,551.00 | |
| BROOKFIELD PPTY REIT INC BPR SR SEC GLBL 20270401 4.500% | US | 105,000 | $103,125.75 | |
| BROOKFIELD RESIDENTIAL PPTYS SR GLBL A 20270915 6.250% | CA | 105,000 | $104,745.90 | |
| BRUNDAGE-BONE CONCRETE PUMPING SR SEC GLBL 20320201 7.500% | US | 100,000 | $101,035.00 | |
| BUILDERS FIRSTSOURCE INC SR GLBL A 20350515 6.750% | US | 95,000 | $99,192.35 | |
| CAESARS ENTERTAINMENT INC NEW SR SEC GLBL 20300215 7.000% | US | 100,000 | $102,861.00 | |
| CALIFORNIA RES CORP SR GLBL A 20290615 8.250% | US | 100,000 | $104,285.00 | |
| CAPSTONE BORROWER INC SR SEC A NT 20300615 8.000% | US | 95,000 | $99,350.05 | |
| CARNIVAL CORP SR A NT 20320801 5.750% | US | 100,000 | $101,768.00 | |
| CARPENTER TECHNOLOGY CORP SR GLBL NT 20300315 7.625% | US | 100,000 | $102,763.00 | |
| CARS COM INC SR GLBL A 20281101 6.375% | US | 100,000 | $99,595.00 | |
| CASCADES INC SR GLBL A 20280115 5.375% | US | 105,000 | $104,173.65 | |
| CCO HLDGS LLC CCO HLDGS CAP SR GLBL A 20300815 4.500% | US | 110,000 | $103,886.20 | |
| CELANESE US HLDGS LLC CR SEN SR GLBL 20270715 6.165% | US | 100,000 | $102,571.00 | |
| CENTURY COMMUNITIES INC SR GLBL A 20290815 3.875% | US | 110,000 | $103,484.70 | |
| CHARLES RIV LABS INTL INC SR GLBL A 20280501 4.250% | US | 105,000 | $102,695.25 | |
| CHEMOURS CO SR GLBL A 20281115 5.750% | US | 105,000 | $102,414.90 | |
| CHORD ENERGY CORPORATION SR GLBL A 20330315 6.750% | US | 100,000 | $101,319.00 | |
| CIVITAS RESOURCES INC SR GLBL A 20280701 8.375% | US | 100,000 | $103,655.00 | |
| CLARIVATE SCIENCE HOLDINGS COR SR GLBL A 20290701 4.875% | US | 110,000 | $103,953.30 | |
| CLEARWAY ENERGY OPER LLC SR GLBL A 20280315 4.750% | US | 105,000 | $103,733.70 | |
| CLEVELAND-CLIFFS INC NEW SR GLBL A 20290301 4.625% | US | 105,000 | $101,163.30 | |
| CLOUD SOFTWARE GROUP INC SR SEC A NT 20320630 8.250% | US | 95,000 | $100,771.25 | |
| CLUE OPCO LLC SR SEC A NT 20311015 9.500% | US | 95,000 | $101,601.55 | |
| CLYDESDALE ACQUISITION HLDGS SR SEC A NT 20320415 6.750% | US | 100,000 | $102,586.00 | |
| CNX MIDSTREAM PARTNERS LP SR GLBL A 20300415 4.750% | US | 110,000 | $105,483.40 | |
| CNX RES CORP SR GLBL A 20290115 6.000% | US | 100,000 | $100,041.00 | |
| COMMERCIAL METALS CO SR GLBL NT 20300115 4.125% | US | 105,000 | $100,735.95 | |
| COMMUNITY HEALTH SYS INC NEW SR SEC GLBL 20300515 5.250% | US | 110,000 | $99,510.40 | |
| COMPASS GROUP DIVERSIFIED HLDG SR GLBL PIK 20290415 5.250% | US | 110,000 | $101,621.30 | |
| COMSTOCK RES INC SR GLBL A 20300115 5.875% | US | 105,000 | $101,121.30 | |
| CREDIT ACCEP CORP MICH SR GLBL A 20300315 6.625% | US | 100,000 | $100,166.00 | |
| CROCS INC SR GLBL A 20310815 4.125% | US | 110,000 | $100,776.50 | |
| CVR ENERGY INC SR GLBL A 20280215 5.750% | US | 105,000 | $103,386.15 | |
| DARLING INGREDIENTS INC SR GLBL A 20270415 5.250% | US | 105,000 | $104,739.60 | |
| DAVITA INC SR GLBL A 20300601 4.625% | US | 105,000 | $100,630.95 | |
| DCLI BIDCO LLC SR SEC GLBL 20291115 7.750% | US | 100,000 | $103,977.00 | |
| DELEK LOGISTICS PARTNERS LP SR GLBL A 20280601 7.125% | US | 105,000 | $105,340.20 | |
| DELUXE CORP MEDIUM TERM NTS SR SEC GLBL 20290915 8.125% | US | 100,000 | $104,422.00 | |
| DIAMOND FGN ASSET CO DIAMOND SR SEC GLBL 20301001 8.500% | US | 95,000 | $100,670.55 | |
| DIRECTV FING LLC DIRECTV SR SEC A NT 20270815 5.875% | US | 105,000 | $104,882.40 | |
| DIVERSIFIED HEALTHCARE TR SR GLBL NT 20310301 4.375% | US | 115,000 | $101,589.85 | |
| DREAM FINDERS HOMES INC SR GLBL A 20280815 8.250% | US | 100,000 | $103,746.00 | |
| EDGEWELL PERSONAL CARE CO SR GLBL A 20290401 4.125% | US | 105,000 | $99,870.75 | |
| EMBECTA CORP SR SEC A NT 20300215 5.000% | US | 110,000 | $104,166.70 | |
| EMPIRE COMMUNITIES CORPORATION SR A NT 20290501 9.750% | US | 95,000 | $99,609.40 | |
| ENDO FIN HLDGS INC SR SEC GLBL 20310415 8.500% | US | 95,000 | $101,922.65 | |
| ENTEGRIS INC SR GLBL A 20280415 4.375% | US | 105,000 | $102,737.25 | |
| EXCELERATE ENERGY LTD PARTNERS SR GLBL A 20300515 8.000% | US | 95,000 | $101,124.65 | |
| FAIR ISAAC CORP SR GLBL A 20280615 4.000% | US | 105,000 | $102,116.70 | |
| FERTITTA ENTMT LLC FERTITTA SR SEC A NT 20290115 4.625% | US | 105,000 | $99,932.70 | |
| FMG RESOURCES AUGUST PTY SR A NT 20320415 6.125% | AU | 100,000 | $103,335.00 | |
| FORESTAR GROUP INC SR GLBL A 20280301 5.000% | US | 105,000 | $104,017.20 | |
| FREEDOM MORTGAGE CORPORATION SR A NT 20270115 6.625% | US | 105,000 | $104,772.15 | |
| GAP INC SR GLBL A 20291001 3.625% | US | 110,000 | $102,903.90 | |
| GARDEN SPINCO CORP SR A NT 20300720 8.625% | US | 95,000 | $99,343.40 | |
| GARRETT MOTION HLDGS INC GARR SR GLBL A 20320531 7.750% | US | 95,000 | $99,655.00 | |
| GENESIS ENERGY LP n GEN E SR GLBL NT 20330515 8.000% | US | 95,000 | $99,365.25 | |
| GEO GROUP INC SR GLBL NT 20310415 10.250% | US | 90,000 | $99,028.80 | |
| GGAM FIN LTD SR GLBL A 20280615 8.000% | US | 95,000 | $100,552.75 | |
| GLOBAL INFRASTRUCTURE SOLUTION SR A NT 20290601 5.625% | US | 105,000 | $103,165.65 | |
| GLOBAL NET LEASE INC n GLOBAL SR GLBL A 20271215 3.750% | US | 105,000 | $101,913.00 | |
| GLOBAL PARTNERS LP GLP FIN C SR GLBL A 20330701 7.125% | US | 100,000 | $102,498.00 | |
| GOEASY LTD SR A NT 20281201 9.250% | US | 100,000 | $104,376.00 | |
| GOODYEAR TIRE n RUBR CO SR GLBL NT 20310715 5.250% | US | 110,000 | $103,329.60 | |
| GRAPHIC PACKAGING INTL LLC SR GLBL A 20300201 3.750% | US | 110,000 | $102,825.80 | |
| GRAY MEDIA INC SR SEC GLBL 20290715 10.500% | US | 95,000 | $102,718.75 | |
| GROUP AUTOMOTIVE INC SR GLBL A 20300115 6.375% | US | 100,000 | $102,303.00 | |
| GTE FLA INC SR GLBL -E DB 20280201 6.860% | US | 100,000 | $104,330.00 | |
| HERC HLDGS INC SR A NT 20300615 7.000% | US | 100,000 | $103,873.00 | |
| HESS MIDSTREAM OPERATIONS LP SR A NT 20280301 5.875% | US | 100,000 | $101,938.00 | |
| HILCORP ENERGY I L P HILCORP SR A NT 20281101 6.250% | US | 100,000 | $100,247.00 | |
| HILTON GRAND VACATIONS BORROWE SR SEC GLBL 20290601 5.000% | US | 105,000 | $100,974.30 | |
| HOWARD HUGHES HOLDINGS INC SR GLBL A 20290201 4.125% | US | 105,000 | $100,724.40 | |
| HOWARD MIDSTREAM ENERGY PARTNE SR A NT 20320715 7.375% | US | 100,000 | $103,803.00 | |
| HUDSON PAC PPTYS L P SR GLBL NT 20271101 3.950% | US | 105,000 | $101,011.05 | |
| HUNT COS INC SR SEC A NT 20290415 5.250% | US | 105,000 | $102,369.75 | |
| ICAHN ENTERPRISES LPCORP SR GLBL NT 20270515 5.250% | US | 105,000 | $103,209.75 | |
| INGRAM MICRO INC SR SEC A NT 20290515 4.750% | US | 105,000 | $102,126.15 | |
| INSTALLED BLDG PRODS INC SR GLBL A 20280201 5.750% | US | 105,000 | $104,824.65 | |
| JACOBS ENTMT INC SR A NT 20290215 6.750% | US | 105,000 | $102,502.05 | |
| JB POINDEXTER n CO INC SR A NT 20311215 8.750% | US | 95,000 | $99,498.25 | |
| JEFFERSON CAPITAL HOLDINGS LLC SR A NT. 20290215 9.500% | US | 100,000 | $105,322.00 | |
| KB HOME SR GLBL NT 20270615 6.875% | US | 100,000 | $102,086.00 | |
| KENNEDY WILSON INC SR GLBL NT 20300201 4.750% | US | 110,000 | $102,707.00 | |
| KONTOOR BRANDS INC SR GLBL A 20291115 4.125% | US | 105,000 | $99,458.10 | |
| LADDER CAPITAL FIN HLDGSCORP SR GLBL A 20270201 4.250% | US | 105,000 | $104,072.85 | |
| LBM ACQUISITION LLC LIEN GLBL 20310615 9.500% | US | 95,000 | $99,827.90 | |
| LEEWARD RENEWABLE ENERGY OPER SR A NT 20290701 4.250% | US | 110,000 | $103,660.70 | |
| LEVEL FING INC LIEN GLBL 20330630 6.875% | US | 100,000 | $101,918.00 | |
| LGI HOMES INC SR GLBL A 20290715 4.000% | US | 110,000 | $100,371.70 | |
| LIFEPOINT HEALTH INC SR SEC A NT 20301015 11.000% | US | 90,000 | $99,194.40 | |
| LINDBLAD EXPEDITIONS LLC LIEN GLBL 20300915 7.000% | US | 100,000 | $101,929.00 | |
| LITHIA MTRS INC SR GLBL A 20310115 4.375% | US | 105,000 | $99,710.10 | |
| LSB INDS INC SR SEC GLBL 20281015 6.250% | US | 105,000 | $103,579.35 | |
| MACYS RETAIL HLDGS LLC SR A NT 20320315 6.125% | US | 100,000 | $100,097.00 | |
| MAGNOLIA OIL n GAS OPER LLC SR GLBL A 20321201 6.875% | US | 100,000 | $102,622.00 | |
| MARTIN MIDSTREAM PARTNERS LP SR SEC GLBL 20280215 11.500% | US | 95,000 | $101,038.20 | |
| MASTERBRAND INC SR GLBL A 20320715 7.000% | US | 100,000 | $103,343.00 | |
| MATADOR RES CO SR GLBL A 20320415 6.500% | US | 100,000 | $100,957.00 | |
| MATCH GROUP HOLDINGS II LLC GLBL A NT 20280601 4.625% | US | 105,000 | $103,144.65 | |
| MATTAMY GROUP CORP SR A NT 20271215 5.250% | CA | 105,000 | $104,319.60 | |
| MAUSER PACKAGING SOLUTIONS SR SEC A NT 20270415 7.875% | US | 100,000 | $100,980.00 | |
| MCGRAW-HILL ED INC SR SEC A NT 20310901 7.375% | US | 100,000 | $103,895.00 | |
| METHANEX US OPERATIONS INC SR GLBL A 20320315 6.250% | US | 100,000 | $101,747.00 | |
| MGM RESORTS INTERNATIONAL SR GLBL NT. 20320415 6.500% | US | 100,000 | $101,879.00 | |
| MIDAS OPCO HLDGS LLC SR GLBL A 20290815 5.625% | US | 105,000 | $101,999.10 | |
| MILLROSE PPTYS INC SR GLBL A 20300801 6.375% | US | 100,000 | $101,699.00 | |
| MINERAL RES LTD SR A NT. 20300501 8.500% | US | 100,000 | $104,015.00 | |
| MINERALS TECHNOLOGIES INC SR GLBL A 20280701 5.000% | US | 105,000 | $102,901.05 | |
| MITER BRANDS ACQUISITION HOLDC SR SEC A NT 20320401 6.750% | US | 100,000 | $102,725.00 | |
| MOHEGAN ESCROW ISSUER LLC SR SEC GLBL 20300415 8.250% | US | 100,000 | $103,904.00 | |
| MOLINA HEALTHCARE INC SR GLBL A 20280615 4.375% | US | 105,000 | $102,400.20 | |
| MURPHY OIL USA INC SR GLBL NT 20270501 5.625% | US | 105,000 | $105,048.30 | |
| NAVIENT CORPORATION SR GLBL NT 20280315 4.875% | US | 105,000 | $102,945.15 | |
| NCR ATLEOS CORPORATION SR SEC A NT 20290401 9.500% | US | 95,000 | $102,839.40 | |
| NEW FLYER HLDGS INC LIEN GLBL 20300701 9.250% | US | 95,000 | $101,685.15 | |
| NEWELL BRANDS INC SR GLBL A 20280601 8.500% | US | 95,000 | $100,485.30 | |
| NEWMARK GROUP INC CR SEN SR GLBL 20290112 7.500% | US | 95,000 | $101,905.55 | |
| NEXSTAR BROADCASTING INC SR GLBL A 20270715 5.625% | US | 105,000 | $104,847.75 | |
| NGL ENERGY OPERATING LLC NGL SR SEC GLBL 20290215 8.125% | US | 100,000 | $102,532.00 | |
| NISSAN MTR ACCEP CO LLC FR . 20280915 2.450% | US | 115,000 | $105,517.10 | |
| NOBLE FIN II LLC SR GLBL A 20300415 8.000% | US | 100,000 | $103,506.00 | |
| NORDSTROM INC SR GLBL NT 20270315 4.000% | US | 105,000 | $103,283.25 | |
| NORTHRIVER MIDSTREAM FINANCE L SR SEC A NT 20320715 6.750% | US | 100,000 | $102,260.00 | |
| NOVELIS CORP SR GLBL A 20300130 4.750% | US | 105,000 | $101,290.35 | |
| NRG ENERGY INC SR GLBL A 20290715 5.750% | US | 100,000 | $100,120.00 | |
| NUSTAR LOGISTICS L P SR NT . 20270428 5.625% | US | 100,000 | $100,614.00 | |
| OCEANEERING INTL INC SR GLBL NT 20280201 6.000% | US | 100,000 | $101,237.00 | |
| OLIN CORP SR GLBL NT 20300201 5.000% | US | 105,000 | $102,567.15 | |
| ONEMAIN FIN CORP SR GLBL NT 20280915 3.875% | US | 105,000 | $100,912.35 | |
| ONESKY FLIGHT LLC SR A NT 20291215 8.875% | US | 95,000 | $99,897.25 | |
| ONTARIO GAMING GTA LTD PARTNER SR SEC A NT 20300801 8.000% | US | 100,000 | $99,367.00 | |
| OPEN TEXT CORP SR GLBL A 20280215 3.875% | US | 105,000 | $102,105.15 | |
| OWENS BROCKWAY SR GLBL A 20270513 6.625% | US | 105,000 | $104,805.75 | |
| OXFORD FINANCE LLC OXFORD FI SR A NT 20270201 6.375% | US | 105,000 | $105,001.05 | |
| PARK INTER HLDGS LLC PK DOME SR GLBL A 20300201 7.000% | US | 100,000 | $103,089.00 | |
| PARK OHIO INDS INC-OHIO SR SEC GLBL 20300801 8.500% | US | 100,000 | $103,663.00 | |
| PARKLAND CORP SR GLBL A 20270715 5.875% | CA | 100,000 | $99,916.00 | |
| PATTERN ENERGY OPERATIONS P SR SEC GLBL 20280815 4.500% | US | 105,000 | $102,336.15 | |
| PENNYMAC FINL SVCS INC NEW SR GLBL A 20340215 6.750% | US | 100,000 | $102,009.00 | |
| PERMIAN RES OPER LLC SR A NT 20290701 5.875% | US | 100,000 | $100,448.00 | |
| PGnE CORP SR SEC GLBL NT 20300701 5.250% | US | 105,000 | $103,545.75 | |
| PHINIA INC SR SEC GLBL 20290415 6.750% | US | 100,000 | $103,019.00 | |
| PHOENIX AVIATION CAP LTD SR A NT 20300715 9.250% | US | 95,000 | $101,071.45 | |
| POPULAR INC SR GLBL NT 20280313 7.250% | US | 100,000 | $104,475.00 | |
| PRECISION DRILLING CORP SR GLBL A 20290115 6.875% | CA | 105,000 | $105,563.85 | |
| PROG HOLDINGS INC SR GLBL A 20291115 6.000% | US | 105,000 | $103,118.40 | |
| PROVIDENT FDG ASSOCIATES LP SR A NT 20290915 9.750% | US | 95,000 | $100,379.85 | |
| QNITY ELECTRONICS INC LIEN A NT 20320815 5.750% | US | 100,000 | $100,763.00 | |
| QUICKEN LNS LLCQUICKEN LNS CO SR GLBL A 20290301 3.625% | US | 105,000 | $100,141.65 | |
| RADIOLOGY PARTNERS INC LIEN A NT 20320715 8.500% | US | 100,000 | $103,484.00 | |
| RAILWORKS HLDGS LP RAILWORKS SR SEC A NT 20281115 8.250% | US | 100,000 | $101,164.00 | |
| RINGCENTRAL INC SR GLBL A 20300815 8.500% | US | 95,000 | $101,082.85 | |
| RITCHIE BROS HLDGS INC SR SEC GLBL 20280315 6.750% | US | 100,000 | $102,235.00 | |
| RITHM CAPITAL CORP SR GLBL A 20300715 8.000% | US | 100,000 | $102,375.00 | |
| RLJ LODGING TR SR SEC GLBL 20290915 4.000% | US | 110,000 | $103,874.10 | |
| ROCKCLIFF ENERGY II LLC SR A NT. 20291015 5.500% | US | 105,000 | $102,747.75 | |
| ROCKET SOFTWARE INC SR SEC A NT 20281128 9.000% | US | 100,000 | $103,082.00 | |
| ROCKIES EXPRESS PIPELINE LLC SR GLBL A 20300515 4.800% | US | 105,000 | $102,513.60 | |
| ROGERS COMMUNICATIONS INC SUB GLBL A 20820315 5.250% | CA | 105,000 | $104,191.50 | |
| RXO INC GLBL A NT 20271115 7.500% | US | 100,000 | $101,683.00 | |
| SAFEWAY INC SR GLBL DEB 20310201 7.250% | US | 95,000 | $102,614.25 | |
| SBA COMMUNICATIONS CORP SR GLBL NT 20270215 3.875% | US | 105,000 | $103,417.65 | |
| SEAGATE DATA STORAGE TECHNOLOG SR GLBL A 20290601 4.091% | US | 105,000 | $101,580.15 | |
| SENSATA TECHNOLOGIES INC SR GLBL A 20300215 4.375% | US | 105,000 | $101,341.80 | |
| SERVICE PPTYS TR SR GLBL NT. 20271215 5.500% | US | 105,000 | $103,065.90 | |
| SHEA HOMES LP SHEA HOMES FDG SR GLBL NT 20280215 4.750% | US | 105,000 | $103,660.20 | |
| SIRIUS XM RADIO INC SR GLBL A 20280715 4.000% | US | 105,000 | $101,458.35 | |
| SIX FLAGS ENTERTAINMENT CORP SR GLBL NT 20290715 5.250% | US | 105,000 | $101,542.35 | |
| SLM CORP SR GLBL NT 20261102 3.125% | US | 105,000 | $102,863.25 | |
| SM ENERGY COMPANY SR GLBL A 20290801 6.750% | US | 100,000 | $100,479.00 | |
| SMYRNA READY MIX LLC SR SEC GLBL 20281101 6.000% | US | 100,000 | $100,032.00 | |
| SNAP INC SR GLBL A 20340315 6.875% | US | 100,000 | $101,213.00 | |
| SOMNIGROUP INTERNATIONAL INC SR GLBL A 20290415 4.000% | US | 105,000 | $100,773.75 | |
| SONIC AUTOMOTIVE INC SR GLBL A 20311115 4.875% | US | 105,000 | $100,402.05 | |
| SPECIALTY BLDG PRODS HLDG LLC SR SEC A NT 20291015 7.750% | US | 100,000 | $101,580.00 | |
| SPEEDWAY MOTORSPORTS LLC SP SR GLBL A 20271101 4.875% | US | 105,000 | $103,742.10 | |
| SPIRIT AEROSYSTEMS INC SR SEC GLBL 20291130 9.375% | US | 100,000 | $105,322.00 | |
| STANDARD BLDG SOLUTIONS INC SR GLBL A 20300715 4.375% | US | 105,000 | $100,671.90 | |
| STAR PARENT INC SR SEC A NT 20301001 9.000% | US | 95,000 | $100,433.05 | |
| STARWOOD PPTY TR INC SR GLBL A 20270115 4.375% | US | 105,000 | $104,098.05 | |
| STEELCASE INC SR GLBL NT 20290118 5.125% | US | 100,000 | $99,755.00 | |
| STERIGENICS-NORDION HLDGS LLC SR SEC A NT 20310601 7.375% | US | 95,000 | $99,751.90 | |
| STONEPEAK NILE PARENT LLC SR SEC A NT 20320315 7.250% | US | 95,000 | $100,037.85 | |
| STONEX ESCROW ISSUER LLC SR SEC GLBL 20320715 6.875% | US | 100,000 | $102,932.00 | |
| SUBURBAN PROPANE PARTNERS L P SR GLBL NT 20270301 5.875% | US | 105,000 | $104,698.65 | |
| SUNOCO LP SUNOCO FIN CORP SR GLBL NT 20280315 5.875% | US | 105,000 | $105,027.30 | |
| SUPERIOR PLUS LP SUPERIOR GE SR GLBL A 20290315 4.500% | US | 105,000 | $101,306.10 | |
| TALEN ENERGY SUPPLY LLC SR SEC A NT 20300601 8.625% | US | 95,000 | $100,846.30 | |
| TALLGRASS ENERGY PARTNERS LP SR A NT 20310901 6.000% | US | 105,000 | $102,734.10 | |
| TALOS PRODTN INC SR SEC GLBL 20290201 9.000% | US | 100,000 | $103,403.00 | |
| TAYLOR MORRISON CMNTYS INC SR GLBL A 20280115 5.750% | US | 100,000 | $101,395.00 | |
| TEINE ENERGY LTD SR A NT 20290415 6.875% | CA | 105,000 | $103,304.25 | |
| TENET HEALTHCARE CORP SR SEC GLBL NT 20270201 6.250% | US | 100,000 | $99,967.00 | |
| TERRAFORM PWR OPER LLC SR GLBL A 20280131 5.000% | US | 105,000 | $104,241.90 | |
| THOR INDS INC SR GLBL A 20291015 4.000% | US | 105,000 | $99,501.15 | |
| TIDEWATER INC NEW SR GLBL A 20300715 9.125% | US | 95,000 | $101,882.75 | |
| TMS INTL CORP SR A NT 20290415 6.250% | US | 105,000 | $101,820.60 | |
| TRANSALTA CORP SR GLBL NT 20291115 7.750% | CA | 100,000 | $103,980.00 | |
| TRANSOCEAN AQUILA LTD SR SEC A NT 20280930 8.000% | US | 72,307.69 | $74,377.86 | |
| TRAVEL PLUS LEISURE CO SR SEC GLBL 20300301 4.625% | US | 105,000 | $101,206.35 | |
| TRI POINTE HOMES INC SR GLBL NT 20270601 5.250% | US | 100,000 | $99,891.00 | |
| TRINET GROUP INC SR GLBL A 20290301 3.500% | US | 110,000 | $102,886.30 | |
| TRINITY INDS INC SR GLBL A 20280715 7.750% | US | 100,000 | $103,440.00 | |
| TRUENOORD CAPITAL DAC SR GLBL A 20300301 8.750% | US | 95,000 | $100,937.50 | |
| TURNING PT BRANDS INC SR SEC A NT 20320315 7.625% | US | 95,000 | $100,529.00 | |
| UNITED WHOLESALE MORTGAGE LLC SR GLBL A 20270615 5.750% | US | 105,000 | $104,941.20 | |
| UNIVISION COMMUNICATIONS INC SR SEC A NT 20310731 8.500% | US | 100,000 | $103,264.00 | |
| UPBOUND GROUP INC SR GLBL A 20290215 6.375% | US | 105,000 | $103,620.30 | |
| US DOLLARS | US | USD | 697,687.42 | $697,687.42 |
| USA COMPRESSION PARTNERS LP SR GLBL A 20290315 7.125% | US | 100,000 | $103,132.00 | |
| UWM HLDGS LLC SR GLBL A 20300201 6.625% | US | 100,000 | $101,728.00 | |
| VALARIS LTD SR SEC A NT 20300430 8.375% | US | 95,000 | $98,594.80 | |
| VENTURE GLOBAL CALCASIEU PASS SR SEC A NT 20300115 6.250% | US | 95,000 | $99,042.25 | |
| VENTURE GLOBAL LNG INC SR SEC A NT 20280601 8.125% | US | 100,000 | $103,507.00 | |
| VENTURE GLOBAL PLAQUEMINES LNG SR A NT 20350501 7.750% | US | 90,000 | $101,583.90 | |
| VFH PARENT LLC n VALOR CO-ISSU LIEN A NT 20310615 7.500% | US | 100,000 | $103,428.00 | |
| VIASAT INC SR SEC GLBL 20270415 5.625% | US | 105,000 | $104,576.85 | |
| VICTORIAS SECRET AND CO SR A NT 20290715 4.625% | US | 110,000 | $105,000.50 | |
| VICTRA HLDGS LLC VICTRA FIN SR SEC GLBL 20290915 8.750% | US | 100,000 | $104,837.00 | |
| VISTAJET MALTA FIN P L C X SR A NT 20300201 6.375% | US | 105,000 | $102,341.40 | |
| VITAL ENERGY INC SR GLBL A 20290731 7.750% | US | 100,000 | $99,031.00 | |
| VORNADO RLTY L P GLBL NT . 20310601 3.400% | US | 115,000 | $103,345.90 | |
| VT TOPCO INC SR SEC A NT 20300815 8.500% | US | 100,000 | $101,741.00 | |
| W. R. GRACE HOLDINGS LLC SR SEC A NT 20320815 6.625% | US | 105,000 | $103,821.90 | |
| WARNERMEDIA HLDGS INC SR GLBL NT 20320315 4.279% | US | 110,000 | $100,787.50 | |
| WAYFAIR LLC SR SEC GLBL 20300915 7.750% | US | 100,000 | $104,875.00 | |
| WEATHERFORD INTL LTD BERMUDA SR GLBL A 20300430 8.625% | US | 100,000 | $102,225.00 | |
| WEEKLEY HOMES LLC FIN CORP SR GLBL A 20280915 4.875% | US | 105,000 | $102,807.60 | |
| WEX INC SR GLBL A 20330315 6.500% | US | 100,000 | $102,128.00 | |
| WHIRLPOOL CORP SR GLBL NT. 20310515 2.400% | US | 120,000 | $101,289.60 | |
| WILTON RE LIMITED PERP SUB GLBL 00000000 6.000% | US | 100,000 | $99,420.00 | |
| WYNDHAM HOTELS n RESORTS INC SR GLBL A 20280815 4.375% | US | 105,000 | $102,499.95 | |
| WYNN LAS VEGAS LLC WYNN SR GLBL A 20270515 5.250% | US | 105,000 | $104,887.65 | |
| XPO INC SR DEB . 20340501 6.700% | US | 95,000 | $101,768.75 | |
| ZIFF DAVIS INC SR GLBL A 20301015 4.625% | US | 110,000 | $103,673.90 | |
| ZOOMINFO TECHNOLOGIES LLC ZO SR GLBL A 20290201 3.875% | US | 105,000 | $99,521.10 |
Investments will change over time.
A Word About Risk
All investments involve risks, including possible loss of principal. There is an inverse relationship between bond prices and interest rates; as interest rates rise, bond prices (and therefore the value of bond funds) fall. Likewise, as interest rates fall, bond prices and the value of bond funds rise. Investments in higher-yielding, lower-rated securities involve additional risks, including a higher risk of default and loss of principal. Investments in derivatives can be highly volatile and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. Also, the use of leverage increases exposure to the market and may magnify potential losses.
Daily Price
$10.00
Daily $ Change
-$0.01
Daily % Change
-0.10%
as of 10/08/2025
Ticker
MSYZX
CUSIP
56382X404
Inception Date
09/15/2025
Investment Minimum
$1,000,000.00
Investment minimum may be waived for certain qualified retirement plans and discretionary investment accounts of the Advisor.
Important Documents
Investment Objective
To provide a high level of income as its primary objective and capital appreciation as a secondary objective.
Investment Strategy
Under normal circumstances, the Series will invest at least 80% of its assets in high yield fixed income securities (i.e., “junk bonds”) of any maturity and duration and other financial instruments, principally derivative instruments and exchange-traded funds (ETFs), with economic characteristics similar to high yield fixed income securities.
May be Appropriate for Investors
- Seeking a long-term investment and who are willing to accept the risks associated with non-investment grade debt
- Seeking to diversify a portfolio by adding a bond component
YTD
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10 Year
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Inception
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Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. The investment return and principal value of an investment will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than that quoted.
Expense Ratio
| Gross | 1.12% |
| Net | 0.45%* |
*Reflects the Advisor’s contractual agreement to limit its fees and reimburse certain expenses. The contractual waiver may not be amended or terminated without the prior approval of the Fund’s Board of Directors. Class Z shares do not make payments to financial intermediaries.
| ALLIANCE RES OP PART LPALLIAN SR GLBL A 20290615 8.625% | 0.38% |
| PRECISION DRILLING CORP SR GLBL A 20290115 6.875% | 0.38% |
| NISSAN MTR ACCEP CO LLC FR . 20280915 2.450% | 0.38% |
| BLACKSTONE MORTGAGE TRUST INC SR SEC GLBL 20291201 7.750% | 0.38% |
| CNX MIDSTREAM PARTNERS LP SR GLBL A 20300415 4.750% | 0.38% |
| DELEK LOGISTICS PARTNERS LP SR GLBL A 20280601 7.125% | 0.38% |
| JEFFERSON CAPITAL HOLDINGS LLC SR A NT. 20290215 9.500% | 0.37% |
| SPIRIT AEROSYSTEMS INC SR SEC GLBL 20291130 9.375% | 0.37% |
| ARCHROCK PARTNERS L P ARCHRO SR GLBL A 20280401 6.250% | 0.37% |
| MURPHY OIL USA INC SR GLBL NT 20270501 5.625% | 0.37% |
Top Ten Investments list is unaudited and excludes cash
| Corporate Credit | 97.22% | |
| Cash and Equivalents | 2.42% | |
| US Agency | 0.36% |
| B | 47.96% | |
| BB | 47.68% | |
| CCC | 2.18% | |
| BBB | 1.46% | |
| NR | 0.73% |
Credit quality ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). Not Rated (NR) is used to classify securities for which a rating is not available. Credit quality ratings reflect the median of Moody’s Investors Services and Standard & Poor’s ratings. Data obtained from Bloomberg.
| Security Description | Country | Ticker | Shares/Par | Market Value (USD) |
|---|---|---|---|---|
| ACADIA HEALTHCARE COMPANY INC SR GLBL A 20330315 7.375% | US | 95,000 | $98,628.05 | |
| ADAMS HOMES INC SR A NT 20281015 9.250% | US | 100,000 | $104,338.00 | |
| ADAPTHEALTH LLC SR GLBL A 20290801 4.625% | US | 110,000 | $103,981.90 | |
| ADIENT GLOBAL HLDGS LTD SR SEC A NT 20280415 7.000% | US | 100,000 | $102,475.00 | |
| ADT SECURITY CORPORATION SR SEC GLBL 20320715 4.875% | US | 105,000 | $101,687.25 | |
| ADTALEM GLOBAL ED INC SR SEC GLBL 20280301 5.500% | US | 100,000 | $99,647.00 | |
| ADVANCE AUTO PARTS INC SR GLBL A 20300801 7.000% | US | 100,000 | $102,885.00 | |
| ALLEGIANT TRAVEL CO SR SEC GLBL 20270815 7.250% | US | 100,000 | $101,243.00 | |
| ALLIANCE RES OP PART LPALLIAN SR GLBL A 20290615 8.625% | US | 100,000 | $105,854.00 | |
| AMENTUM ESCROW CORP SR GLBL A 20320801 7.250% | US | 100,000 | $103,837.00 | |
| AMERICAN AIRLINES SR SEC GLBL 20280215 7.250% | US | 100,000 | $102,446.00 | |
| AMERICAN AXLE n MFG INC SR GLBL NT 20280701 6.875% | US | 105,000 | $104,975.85 | |
| AMERIGAS PARTNERS L P SR GLBL A 20280601 9.375% | US | 100,000 | $102,735.00 | |
| AMERITEX HOLDCO INTER LLC LIEN GLBL 20330815 7.625% | US | 100,000 | $104,079.00 | |
| AMN HEALTHCARE INC SR GLBL A 20290415 4.000% | US | 110,000 | $103,736.60 | |
| ANGI GROUP LLC SR GLBL A 20280815 3.875% | US | 110,000 | $103,383.50 | |
| APOLLO COML REAL ESTATE FIN SR SEC GLBL 20290615 4.625% | US | 105,000 | $100,906.05 | |
| ARCHROCK PARTNERS L P ARCHRO SR GLBL A 20280401 6.250% | US | 105,000 | $105,144.90 | |
| ASBURY AUTOMOTIVE GROUP INC SR GLBL A 20320215 5.000% | US | 105,000 | $100,824.15 | |
| ASCENT RES UTICA HLDGS LLC A SR A NT 20330715 6.625% | US | 100,000 | $101,666.00 | |
| ASGN INC SR GLBL A 20280515 4.625% | US | 105,000 | $103,070.10 | |
| ASHLAND INC SR GLBL A 20310901 3.375% | US | 115,000 | $101,863.55 | |
| ASHTON WOODS USA LLC ASHTON SR A NT 20300401 4.625% | US | 110,000 | $104,134.80 | |
| ATKORE INC SR GLBL A 20310601 4.250% | US | 110,000 | $102,517.80 | |
| ATS CORPORATION GLBL A NT 20281215 4.125% | US | 105,000 | $100,600.50 | |
| AVANTOR FDG INC SR GLBL A 20280715 4.625% | US | 105,000 | $103,284.30 | |
| AVIENT CORPORATION SR GLBL A 20311101 6.250% | US | 100,000 | $101,552.00 | |
| AVIS BUDGET CAR RENT LLC AVIS SR GLBL A 20280401 4.750% | US | 105,000 | $101,759.70 | |
| AZORRA FIN LTD SR GLBL A 20310115 7.250% | US | 100,000 | $104,129.00 | |
| BALL CORP SR GLBL NT 20280315 6.875% | US | 100,000 | $101,914.00 | |
| BATH n BODY WORKS INC SR DEB . 20330301 6.950% | US | 95,000 | $99,186.65 | |
| BAUSCH PLUS LOMB CORP SR SEC GLBL 20281001 8.375% | US | 95,000 | $99,008.05 | |
| BEACON ROOFING SUPPLY LIEN GLBL 20320430 6.750% | US | 100,000 | $103,540.00 | |
| BEAZER HOMES USA INC SR GLBL NT 20291015 7.250% | US | 100,000 | $101,722.00 | |
| BLACKSTONE MORTGAGE TRUST INC SR SEC GLBL 20291201 7.750% | US | 100,000 | $105,507.00 | |
| BLOCK INC SR GLBL A 20300815 5.625% | US | 100,000 | $101,318.00 | |
| BRANDYWINE OPER PARTNERSHIP L CR SEN GLBL NT 20280315 7.550% | US | 95,000 | $100,719.95 | |
| BREAD FINANCIAL HOLDINGS INC SR GLBL A 20290315 9.750% | US | 95,000 | $101,402.05 | |
| BRISTOW GROUP INC SR SEC GLBL 20280301 6.875% | US | 100,000 | $100,551.00 | |
| BROOKFIELD PPTY REIT INC BPR SR SEC GLBL 20270401 4.500% | US | 105,000 | $103,125.75 | |
| BROOKFIELD RESIDENTIAL PPTYS SR GLBL A 20270915 6.250% | CA | 105,000 | $104,745.90 | |
| BRUNDAGE-BONE CONCRETE PUMPING SR SEC GLBL 20320201 7.500% | US | 100,000 | $101,035.00 | |
| BUILDERS FIRSTSOURCE INC SR GLBL A 20350515 6.750% | US | 95,000 | $99,192.35 | |
| CAESARS ENTERTAINMENT INC NEW SR SEC GLBL 20300215 7.000% | US | 100,000 | $102,861.00 | |
| CALIFORNIA RES CORP SR GLBL A 20290615 8.250% | US | 100,000 | $104,285.00 | |
| CAPSTONE BORROWER INC SR SEC A NT 20300615 8.000% | US | 95,000 | $99,350.05 | |
| CARNIVAL CORP SR A NT 20320801 5.750% | US | 100,000 | $101,768.00 | |
| CARPENTER TECHNOLOGY CORP SR GLBL NT 20300315 7.625% | US | 100,000 | $102,763.00 | |
| CARS COM INC SR GLBL A 20281101 6.375% | US | 100,000 | $99,595.00 | |
| CASCADES INC SR GLBL A 20280115 5.375% | US | 105,000 | $104,173.65 | |
| CCO HLDGS LLC CCO HLDGS CAP SR GLBL A 20300815 4.500% | US | 110,000 | $103,886.20 | |
| CELANESE US HLDGS LLC CR SEN SR GLBL 20270715 6.165% | US | 100,000 | $102,571.00 | |
| CENTURY COMMUNITIES INC SR GLBL A 20290815 3.875% | US | 110,000 | $103,484.70 | |
| CHARLES RIV LABS INTL INC SR GLBL A 20280501 4.250% | US | 105,000 | $102,695.25 | |
| CHEMOURS CO SR GLBL A 20281115 5.750% | US | 105,000 | $102,414.90 | |
| CHORD ENERGY CORPORATION SR GLBL A 20330315 6.750% | US | 100,000 | $101,319.00 | |
| CIVITAS RESOURCES INC SR GLBL A 20280701 8.375% | US | 100,000 | $103,655.00 | |
| CLARIVATE SCIENCE HOLDINGS COR SR GLBL A 20290701 4.875% | US | 110,000 | $103,953.30 | |
| CLEARWAY ENERGY OPER LLC SR GLBL A 20280315 4.750% | US | 105,000 | $103,733.70 | |
| CLEVELAND-CLIFFS INC NEW SR GLBL A 20290301 4.625% | US | 105,000 | $101,163.30 | |
| CLOUD SOFTWARE GROUP INC SR SEC A NT 20320630 8.250% | US | 95,000 | $100,771.25 | |
| CLUE OPCO LLC SR SEC A NT 20311015 9.500% | US | 95,000 | $101,601.55 | |
| CLYDESDALE ACQUISITION HLDGS SR SEC A NT 20320415 6.750% | US | 100,000 | $102,586.00 | |
| CNX MIDSTREAM PARTNERS LP SR GLBL A 20300415 4.750% | US | 110,000 | $105,483.40 | |
| CNX RES CORP SR GLBL A 20290115 6.000% | US | 100,000 | $100,041.00 | |
| COMMERCIAL METALS CO SR GLBL NT 20300115 4.125% | US | 105,000 | $100,735.95 | |
| COMMUNITY HEALTH SYS INC NEW SR SEC GLBL 20300515 5.250% | US | 110,000 | $99,510.40 | |
| COMPASS GROUP DIVERSIFIED HLDG SR GLBL PIK 20290415 5.250% | US | 110,000 | $101,621.30 | |
| COMSTOCK RES INC SR GLBL A 20300115 5.875% | US | 105,000 | $101,121.30 | |
| CREDIT ACCEP CORP MICH SR GLBL A 20300315 6.625% | US | 100,000 | $100,166.00 | |
| CROCS INC SR GLBL A 20310815 4.125% | US | 110,000 | $100,776.50 | |
| CVR ENERGY INC SR GLBL A 20280215 5.750% | US | 105,000 | $103,386.15 | |
| DARLING INGREDIENTS INC SR GLBL A 20270415 5.250% | US | 105,000 | $104,739.60 | |
| DAVITA INC SR GLBL A 20300601 4.625% | US | 105,000 | $100,630.95 | |
| DCLI BIDCO LLC SR SEC GLBL 20291115 7.750% | US | 100,000 | $103,977.00 | |
| DELEK LOGISTICS PARTNERS LP SR GLBL A 20280601 7.125% | US | 105,000 | $105,340.20 | |
| DELUXE CORP MEDIUM TERM NTS SR SEC GLBL 20290915 8.125% | US | 100,000 | $104,422.00 | |
| DIAMOND FGN ASSET CO DIAMOND SR SEC GLBL 20301001 8.500% | US | 95,000 | $100,670.55 | |
| DIRECTV FING LLC DIRECTV SR SEC A NT 20270815 5.875% | US | 105,000 | $104,882.40 | |
| DIVERSIFIED HEALTHCARE TR SR GLBL NT 20310301 4.375% | US | 115,000 | $101,589.85 | |
| DREAM FINDERS HOMES INC SR GLBL A 20280815 8.250% | US | 100,000 | $103,746.00 | |
| EDGEWELL PERSONAL CARE CO SR GLBL A 20290401 4.125% | US | 105,000 | $99,870.75 | |
| EMBECTA CORP SR SEC A NT 20300215 5.000% | US | 110,000 | $104,166.70 | |
| EMPIRE COMMUNITIES CORPORATION SR A NT 20290501 9.750% | US | 95,000 | $99,609.40 | |
| ENDO FIN HLDGS INC SR SEC GLBL 20310415 8.500% | US | 95,000 | $101,922.65 | |
| ENTEGRIS INC SR GLBL A 20280415 4.375% | US | 105,000 | $102,737.25 | |
| EXCELERATE ENERGY LTD PARTNERS SR GLBL A 20300515 8.000% | US | 95,000 | $101,124.65 | |
| FAIR ISAAC CORP SR GLBL A 20280615 4.000% | US | 105,000 | $102,116.70 | |
| FERTITTA ENTMT LLC FERTITTA SR SEC A NT 20290115 4.625% | US | 105,000 | $99,932.70 | |
| FMG RESOURCES AUGUST PTY SR A NT 20320415 6.125% | AU | 100,000 | $103,335.00 | |
| FORESTAR GROUP INC SR GLBL A 20280301 5.000% | US | 105,000 | $104,017.20 | |
| FREEDOM MORTGAGE CORPORATION SR A NT 20270115 6.625% | US | 105,000 | $104,772.15 | |
| GAP INC SR GLBL A 20291001 3.625% | US | 110,000 | $102,903.90 | |
| GARDEN SPINCO CORP SR A NT 20300720 8.625% | US | 95,000 | $99,343.40 | |
| GARRETT MOTION HLDGS INC GARR SR GLBL A 20320531 7.750% | US | 95,000 | $99,655.00 | |
| GENESIS ENERGY LP n GEN E SR GLBL NT 20330515 8.000% | US | 95,000 | $99,365.25 | |
| GEO GROUP INC SR GLBL NT 20310415 10.250% | US | 90,000 | $99,028.80 | |
| GGAM FIN LTD SR GLBL A 20280615 8.000% | US | 95,000 | $100,552.75 | |
| GLOBAL INFRASTRUCTURE SOLUTION SR A NT 20290601 5.625% | US | 105,000 | $103,165.65 | |
| GLOBAL NET LEASE INC n GLOBAL SR GLBL A 20271215 3.750% | US | 105,000 | $101,913.00 | |
| GLOBAL PARTNERS LP GLP FIN C SR GLBL A 20330701 7.125% | US | 100,000 | $102,498.00 | |
| GOEASY LTD SR A NT 20281201 9.250% | US | 100,000 | $104,376.00 | |
| GOODYEAR TIRE n RUBR CO SR GLBL NT 20310715 5.250% | US | 110,000 | $103,329.60 | |
| GRAPHIC PACKAGING INTL LLC SR GLBL A 20300201 3.750% | US | 110,000 | $102,825.80 | |
| GRAY MEDIA INC SR SEC GLBL 20290715 10.500% | US | 95,000 | $102,718.75 | |
| GROUP AUTOMOTIVE INC SR GLBL A 20300115 6.375% | US | 100,000 | $102,303.00 | |
| GTE FLA INC SR GLBL -E DB 20280201 6.860% | US | 100,000 | $104,330.00 | |
| HERC HLDGS INC SR A NT 20300615 7.000% | US | 100,000 | $103,873.00 | |
| HESS MIDSTREAM OPERATIONS LP SR A NT 20280301 5.875% | US | 100,000 | $101,938.00 | |
| HILCORP ENERGY I L P HILCORP SR A NT 20281101 6.250% | US | 100,000 | $100,247.00 | |
| HILTON GRAND VACATIONS BORROWE SR SEC GLBL 20290601 5.000% | US | 105,000 | $100,974.30 | |
| HOWARD HUGHES HOLDINGS INC SR GLBL A 20290201 4.125% | US | 105,000 | $100,724.40 | |
| HOWARD MIDSTREAM ENERGY PARTNE SR A NT 20320715 7.375% | US | 100,000 | $103,803.00 | |
| HUDSON PAC PPTYS L P SR GLBL NT 20271101 3.950% | US | 105,000 | $101,011.05 | |
| HUNT COS INC SR SEC A NT 20290415 5.250% | US | 105,000 | $102,369.75 | |
| ICAHN ENTERPRISES LPCORP SR GLBL NT 20270515 5.250% | US | 105,000 | $103,209.75 | |
| INGRAM MICRO INC SR SEC A NT 20290515 4.750% | US | 105,000 | $102,126.15 | |
| INSTALLED BLDG PRODS INC SR GLBL A 20280201 5.750% | US | 105,000 | $104,824.65 | |
| JACOBS ENTMT INC SR A NT 20290215 6.750% | US | 105,000 | $102,502.05 | |
| JB POINDEXTER n CO INC SR A NT 20311215 8.750% | US | 95,000 | $99,498.25 | |
| JEFFERSON CAPITAL HOLDINGS LLC SR A NT. 20290215 9.500% | US | 100,000 | $105,322.00 | |
| KB HOME SR GLBL NT 20270615 6.875% | US | 100,000 | $102,086.00 | |
| KENNEDY WILSON INC SR GLBL NT 20300201 4.750% | US | 110,000 | $102,707.00 | |
| KONTOOR BRANDS INC SR GLBL A 20291115 4.125% | US | 105,000 | $99,458.10 | |
| LADDER CAPITAL FIN HLDGSCORP SR GLBL A 20270201 4.250% | US | 105,000 | $104,072.85 | |
| LBM ACQUISITION LLC LIEN GLBL 20310615 9.500% | US | 95,000 | $99,827.90 | |
| LEEWARD RENEWABLE ENERGY OPER SR A NT 20290701 4.250% | US | 110,000 | $103,660.70 | |
| LEVEL FING INC LIEN GLBL 20330630 6.875% | US | 100,000 | $101,918.00 | |
| LGI HOMES INC SR GLBL A 20290715 4.000% | US | 110,000 | $100,371.70 | |
| LIFEPOINT HEALTH INC SR SEC A NT 20301015 11.000% | US | 90,000 | $99,194.40 | |
| LINDBLAD EXPEDITIONS LLC LIEN GLBL 20300915 7.000% | US | 100,000 | $101,929.00 | |
| LITHIA MTRS INC SR GLBL A 20310115 4.375% | US | 105,000 | $99,710.10 | |
| LSB INDS INC SR SEC GLBL 20281015 6.250% | US | 105,000 | $103,579.35 | |
| MACYS RETAIL HLDGS LLC SR A NT 20320315 6.125% | US | 100,000 | $100,097.00 | |
| MAGNOLIA OIL n GAS OPER LLC SR GLBL A 20321201 6.875% | US | 100,000 | $102,622.00 | |
| MARTIN MIDSTREAM PARTNERS LP SR SEC GLBL 20280215 11.500% | US | 95,000 | $101,038.20 | |
| MASTERBRAND INC SR GLBL A 20320715 7.000% | US | 100,000 | $103,343.00 | |
| MATADOR RES CO SR GLBL A 20320415 6.500% | US | 100,000 | $100,957.00 | |
| MATCH GROUP HOLDINGS II LLC GLBL A NT 20280601 4.625% | US | 105,000 | $103,144.65 | |
| MATTAMY GROUP CORP SR A NT 20271215 5.250% | CA | 105,000 | $104,319.60 | |
| MAUSER PACKAGING SOLUTIONS SR SEC A NT 20270415 7.875% | US | 100,000 | $100,980.00 | |
| MCGRAW-HILL ED INC SR SEC A NT 20310901 7.375% | US | 100,000 | $103,895.00 | |
| METHANEX US OPERATIONS INC SR GLBL A 20320315 6.250% | US | 100,000 | $101,747.00 | |
| MGM RESORTS INTERNATIONAL SR GLBL NT. 20320415 6.500% | US | 100,000 | $101,879.00 | |
| MIDAS OPCO HLDGS LLC SR GLBL A 20290815 5.625% | US | 105,000 | $101,999.10 | |
| MILLROSE PPTYS INC SR GLBL A 20300801 6.375% | US | 100,000 | $101,699.00 | |
| MINERAL RES LTD SR A NT. 20300501 8.500% | US | 100,000 | $104,015.00 | |
| MINERALS TECHNOLOGIES INC SR GLBL A 20280701 5.000% | US | 105,000 | $102,901.05 | |
| MITER BRANDS ACQUISITION HOLDC SR SEC A NT 20320401 6.750% | US | 100,000 | $102,725.00 | |
| MOHEGAN ESCROW ISSUER LLC SR SEC GLBL 20300415 8.250% | US | 100,000 | $103,904.00 | |
| MOLINA HEALTHCARE INC SR GLBL A 20280615 4.375% | US | 105,000 | $102,400.20 | |
| MURPHY OIL USA INC SR GLBL NT 20270501 5.625% | US | 105,000 | $105,048.30 | |
| NAVIENT CORPORATION SR GLBL NT 20280315 4.875% | US | 105,000 | $102,945.15 | |
| NCR ATLEOS CORPORATION SR SEC A NT 20290401 9.500% | US | 95,000 | $102,839.40 | |
| NEW FLYER HLDGS INC LIEN GLBL 20300701 9.250% | US | 95,000 | $101,685.15 | |
| NEWELL BRANDS INC SR GLBL A 20280601 8.500% | US | 95,000 | $100,485.30 | |
| NEWMARK GROUP INC CR SEN SR GLBL 20290112 7.500% | US | 95,000 | $101,905.55 | |
| NEXSTAR BROADCASTING INC SR GLBL A 20270715 5.625% | US | 105,000 | $104,847.75 | |
| NGL ENERGY OPERATING LLC NGL SR SEC GLBL 20290215 8.125% | US | 100,000 | $102,532.00 | |
| NISSAN MTR ACCEP CO LLC FR . 20280915 2.450% | US | 115,000 | $105,517.10 | |
| NOBLE FIN II LLC SR GLBL A 20300415 8.000% | US | 100,000 | $103,506.00 | |
| NORDSTROM INC SR GLBL NT 20270315 4.000% | US | 105,000 | $103,283.25 | |
| NORTHRIVER MIDSTREAM FINANCE L SR SEC A NT 20320715 6.750% | US | 100,000 | $102,260.00 | |
| NOVELIS CORP SR GLBL A 20300130 4.750% | US | 105,000 | $101,290.35 | |
| NRG ENERGY INC SR GLBL A 20290715 5.750% | US | 100,000 | $100,120.00 | |
| NUSTAR LOGISTICS L P SR NT . 20270428 5.625% | US | 100,000 | $100,614.00 | |
| OCEANEERING INTL INC SR GLBL NT 20280201 6.000% | US | 100,000 | $101,237.00 | |
| OLIN CORP SR GLBL NT 20300201 5.000% | US | 105,000 | $102,567.15 | |
| ONEMAIN FIN CORP SR GLBL NT 20280915 3.875% | US | 105,000 | $100,912.35 | |
| ONESKY FLIGHT LLC SR A NT 20291215 8.875% | US | 95,000 | $99,897.25 | |
| ONTARIO GAMING GTA LTD PARTNER SR SEC A NT 20300801 8.000% | US | 100,000 | $99,367.00 | |
| OPEN TEXT CORP SR GLBL A 20280215 3.875% | US | 105,000 | $102,105.15 | |
| OWENS BROCKWAY SR GLBL A 20270513 6.625% | US | 105,000 | $104,805.75 | |
| OXFORD FINANCE LLC OXFORD FI SR A NT 20270201 6.375% | US | 105,000 | $105,001.05 | |
| PARK INTER HLDGS LLC PK DOME SR GLBL A 20300201 7.000% | US | 100,000 | $103,089.00 | |
| PARK OHIO INDS INC-OHIO SR SEC GLBL 20300801 8.500% | US | 100,000 | $103,663.00 | |
| PARKLAND CORP SR GLBL A 20270715 5.875% | CA | 100,000 | $99,916.00 | |
| PATTERN ENERGY OPERATIONS P SR SEC GLBL 20280815 4.500% | US | 105,000 | $102,336.15 | |
| PENNYMAC FINL SVCS INC NEW SR GLBL A 20340215 6.750% | US | 100,000 | $102,009.00 | |
| PERMIAN RES OPER LLC SR A NT 20290701 5.875% | US | 100,000 | $100,448.00 | |
| PGnE CORP SR SEC GLBL NT 20300701 5.250% | US | 105,000 | $103,545.75 | |
| PHINIA INC SR SEC GLBL 20290415 6.750% | US | 100,000 | $103,019.00 | |
| PHOENIX AVIATION CAP LTD SR A NT 20300715 9.250% | US | 95,000 | $101,071.45 | |
| POPULAR INC SR GLBL NT 20280313 7.250% | US | 100,000 | $104,475.00 | |
| PRECISION DRILLING CORP SR GLBL A 20290115 6.875% | CA | 105,000 | $105,563.85 | |
| PROG HOLDINGS INC SR GLBL A 20291115 6.000% | US | 105,000 | $103,118.40 | |
| PROVIDENT FDG ASSOCIATES LP SR A NT 20290915 9.750% | US | 95,000 | $100,379.85 | |
| QNITY ELECTRONICS INC LIEN A NT 20320815 5.750% | US | 100,000 | $100,763.00 | |
| QUICKEN LNS LLCQUICKEN LNS CO SR GLBL A 20290301 3.625% | US | 105,000 | $100,141.65 | |
| RADIOLOGY PARTNERS INC LIEN A NT 20320715 8.500% | US | 100,000 | $103,484.00 | |
| RAILWORKS HLDGS LP RAILWORKS SR SEC A NT 20281115 8.250% | US | 100,000 | $101,164.00 | |
| RINGCENTRAL INC SR GLBL A 20300815 8.500% | US | 95,000 | $101,082.85 | |
| RITCHIE BROS HLDGS INC SR SEC GLBL 20280315 6.750% | US | 100,000 | $102,235.00 | |
| RITHM CAPITAL CORP SR GLBL A 20300715 8.000% | US | 100,000 | $102,375.00 | |
| RLJ LODGING TR SR SEC GLBL 20290915 4.000% | US | 110,000 | $103,874.10 | |
| ROCKCLIFF ENERGY II LLC SR A NT. 20291015 5.500% | US | 105,000 | $102,747.75 | |
| ROCKET SOFTWARE INC SR SEC A NT 20281128 9.000% | US | 100,000 | $103,082.00 | |
| ROCKIES EXPRESS PIPELINE LLC SR GLBL A 20300515 4.800% | US | 105,000 | $102,513.60 | |
| ROGERS COMMUNICATIONS INC SUB GLBL A 20820315 5.250% | CA | 105,000 | $104,191.50 | |
| RXO INC GLBL A NT 20271115 7.500% | US | 100,000 | $101,683.00 | |
| SAFEWAY INC SR GLBL DEB 20310201 7.250% | US | 95,000 | $102,614.25 | |
| SBA COMMUNICATIONS CORP SR GLBL NT 20270215 3.875% | US | 105,000 | $103,417.65 | |
| SEAGATE DATA STORAGE TECHNOLOG SR GLBL A 20290601 4.091% | US | 105,000 | $101,580.15 | |
| SENSATA TECHNOLOGIES INC SR GLBL A 20300215 4.375% | US | 105,000 | $101,341.80 | |
| SERVICE PPTYS TR SR GLBL NT. 20271215 5.500% | US | 105,000 | $103,065.90 | |
| SHEA HOMES LP SHEA HOMES FDG SR GLBL NT 20280215 4.750% | US | 105,000 | $103,660.20 | |
| SIRIUS XM RADIO INC SR GLBL A 20280715 4.000% | US | 105,000 | $101,458.35 | |
| SIX FLAGS ENTERTAINMENT CORP SR GLBL NT 20290715 5.250% | US | 105,000 | $101,542.35 | |
| SLM CORP SR GLBL NT 20261102 3.125% | US | 105,000 | $102,863.25 | |
| SM ENERGY COMPANY SR GLBL A 20290801 6.750% | US | 100,000 | $100,479.00 | |
| SMYRNA READY MIX LLC SR SEC GLBL 20281101 6.000% | US | 100,000 | $100,032.00 | |
| SNAP INC SR GLBL A 20340315 6.875% | US | 100,000 | $101,213.00 | |
| SOMNIGROUP INTERNATIONAL INC SR GLBL A 20290415 4.000% | US | 105,000 | $100,773.75 | |
| SONIC AUTOMOTIVE INC SR GLBL A 20311115 4.875% | US | 105,000 | $100,402.05 | |
| SPECIALTY BLDG PRODS HLDG LLC SR SEC A NT 20291015 7.750% | US | 100,000 | $101,580.00 | |
| SPEEDWAY MOTORSPORTS LLC SP SR GLBL A 20271101 4.875% | US | 105,000 | $103,742.10 | |
| SPIRIT AEROSYSTEMS INC SR SEC GLBL 20291130 9.375% | US | 100,000 | $105,322.00 | |
| STANDARD BLDG SOLUTIONS INC SR GLBL A 20300715 4.375% | US | 105,000 | $100,671.90 | |
| STAR PARENT INC SR SEC A NT 20301001 9.000% | US | 95,000 | $100,433.05 | |
| STARWOOD PPTY TR INC SR GLBL A 20270115 4.375% | US | 105,000 | $104,098.05 | |
| STEELCASE INC SR GLBL NT 20290118 5.125% | US | 100,000 | $99,755.00 | |
| STERIGENICS-NORDION HLDGS LLC SR SEC A NT 20310601 7.375% | US | 95,000 | $99,751.90 | |
| STONEPEAK NILE PARENT LLC SR SEC A NT 20320315 7.250% | US | 95,000 | $100,037.85 | |
| STONEX ESCROW ISSUER LLC SR SEC GLBL 20320715 6.875% | US | 100,000 | $102,932.00 | |
| SUBURBAN PROPANE PARTNERS L P SR GLBL NT 20270301 5.875% | US | 105,000 | $104,698.65 | |
| SUNOCO LP SUNOCO FIN CORP SR GLBL NT 20280315 5.875% | US | 105,000 | $105,027.30 | |
| SUPERIOR PLUS LP SUPERIOR GE SR GLBL A 20290315 4.500% | US | 105,000 | $101,306.10 | |
| TALEN ENERGY SUPPLY LLC SR SEC A NT 20300601 8.625% | US | 95,000 | $100,846.30 | |
| TALLGRASS ENERGY PARTNERS LP SR A NT 20310901 6.000% | US | 105,000 | $102,734.10 | |
| TALOS PRODTN INC SR SEC GLBL 20290201 9.000% | US | 100,000 | $103,403.00 | |
| TAYLOR MORRISON CMNTYS INC SR GLBL A 20280115 5.750% | US | 100,000 | $101,395.00 | |
| TEINE ENERGY LTD SR A NT 20290415 6.875% | CA | 105,000 | $103,304.25 | |
| TENET HEALTHCARE CORP SR SEC GLBL NT 20270201 6.250% | US | 100,000 | $99,967.00 | |
| TERRAFORM PWR OPER LLC SR GLBL A 20280131 5.000% | US | 105,000 | $104,241.90 | |
| THOR INDS INC SR GLBL A 20291015 4.000% | US | 105,000 | $99,501.15 | |
| TIDEWATER INC NEW SR GLBL A 20300715 9.125% | US | 95,000 | $101,882.75 | |
| TMS INTL CORP SR A NT 20290415 6.250% | US | 105,000 | $101,820.60 | |
| TRANSALTA CORP SR GLBL NT 20291115 7.750% | CA | 100,000 | $103,980.00 | |
| TRANSOCEAN AQUILA LTD SR SEC A NT 20280930 8.000% | US | 72,307.69 | $74,377.86 | |
| TRAVEL PLUS LEISURE CO SR SEC GLBL 20300301 4.625% | US | 105,000 | $101,206.35 | |
| TRI POINTE HOMES INC SR GLBL NT 20270601 5.250% | US | 100,000 | $99,891.00 | |
| TRINET GROUP INC SR GLBL A 20290301 3.500% | US | 110,000 | $102,886.30 | |
| TRINITY INDS INC SR GLBL A 20280715 7.750% | US | 100,000 | $103,440.00 | |
| TRUENOORD CAPITAL DAC SR GLBL A 20300301 8.750% | US | 95,000 | $100,937.50 | |
| TURNING PT BRANDS INC SR SEC A NT 20320315 7.625% | US | 95,000 | $100,529.00 | |
| UNITED WHOLESALE MORTGAGE LLC SR GLBL A 20270615 5.750% | US | 105,000 | $104,941.20 | |
| UNIVISION COMMUNICATIONS INC SR SEC A NT 20310731 8.500% | US | 100,000 | $103,264.00 | |
| UPBOUND GROUP INC SR GLBL A 20290215 6.375% | US | 105,000 | $103,620.30 | |
| US DOLLARS | US | USD | 697,687.42 | $697,687.42 |
| USA COMPRESSION PARTNERS LP SR GLBL A 20290315 7.125% | US | 100,000 | $103,132.00 | |
| UWM HLDGS LLC SR GLBL A 20300201 6.625% | US | 100,000 | $101,728.00 | |
| VALARIS LTD SR SEC A NT 20300430 8.375% | US | 95,000 | $98,594.80 | |
| VENTURE GLOBAL CALCASIEU PASS SR SEC A NT 20300115 6.250% | US | 95,000 | $99,042.25 | |
| VENTURE GLOBAL LNG INC SR SEC A NT 20280601 8.125% | US | 100,000 | $103,507.00 | |
| VENTURE GLOBAL PLAQUEMINES LNG SR A NT 20350501 7.750% | US | 90,000 | $101,583.90 | |
| VFH PARENT LLC n VALOR CO-ISSU LIEN A NT 20310615 7.500% | US | 100,000 | $103,428.00 | |
| VIASAT INC SR SEC GLBL 20270415 5.625% | US | 105,000 | $104,576.85 | |
| VICTORIAS SECRET AND CO SR A NT 20290715 4.625% | US | 110,000 | $105,000.50 | |
| VICTRA HLDGS LLC VICTRA FIN SR SEC GLBL 20290915 8.750% | US | 100,000 | $104,837.00 | |
| VISTAJET MALTA FIN P L C X SR A NT 20300201 6.375% | US | 105,000 | $102,341.40 | |
| VITAL ENERGY INC SR GLBL A 20290731 7.750% | US | 100,000 | $99,031.00 | |
| VORNADO RLTY L P GLBL NT . 20310601 3.400% | US | 115,000 | $103,345.90 | |
| VT TOPCO INC SR SEC A NT 20300815 8.500% | US | 100,000 | $101,741.00 | |
| W. R. GRACE HOLDINGS LLC SR SEC A NT 20320815 6.625% | US | 105,000 | $103,821.90 | |
| WARNERMEDIA HLDGS INC SR GLBL NT 20320315 4.279% | US | 110,000 | $100,787.50 | |
| WAYFAIR LLC SR SEC GLBL 20300915 7.750% | US | 100,000 | $104,875.00 | |
| WEATHERFORD INTL LTD BERMUDA SR GLBL A 20300430 8.625% | US | 100,000 | $102,225.00 | |
| WEEKLEY HOMES LLC FIN CORP SR GLBL A 20280915 4.875% | US | 105,000 | $102,807.60 | |
| WEX INC SR GLBL A 20330315 6.500% | US | 100,000 | $102,128.00 | |
| WHIRLPOOL CORP SR GLBL NT. 20310515 2.400% | US | 120,000 | $101,289.60 | |
| WILTON RE LIMITED PERP SUB GLBL 00000000 6.000% | US | 100,000 | $99,420.00 | |
| WYNDHAM HOTELS n RESORTS INC SR GLBL A 20280815 4.375% | US | 105,000 | $102,499.95 | |
| WYNN LAS VEGAS LLC WYNN SR GLBL A 20270515 5.250% | US | 105,000 | $104,887.65 | |
| XPO INC SR DEB . 20340501 6.700% | US | 95,000 | $101,768.75 | |
| ZIFF DAVIS INC SR GLBL A 20301015 4.625% | US | 110,000 | $103,673.90 | |
| ZOOMINFO TECHNOLOGIES LLC ZO SR GLBL A 20290201 3.875% | US | 105,000 | $99,521.10 |
Investments will change over time.
Distributions
A Word About Risk
All investments involve risks, including possible loss of principal. There is an inverse relationship between bond prices and interest rates; as interest rates rise, bond prices (and therefore the value of bond funds) fall. Likewise, as interest rates fall, bond prices and the value of bond funds rise. Investments in higher-yielding, lower-rated securities involve additional risks, including a higher risk of default and loss of principal. Investments in derivatives can be highly volatile and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. Also, the use of leverage increases exposure to the market and may magnify potential losses.