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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Credit Suisse Asset Management Fund Inc | AMEX:CIK | AMEX | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.01 | 0 | 08:09:38 |
Fund & Benchmark |
Performance |
|||
Total Return (based on NAV) 1 |
4.66 |
% | ||
Total Return (based on market value) 1 |
(0.69 |
)% | ||
ICE BofA US High Yield Constrained Index (the “Index”) 2 |
2.62 | % |
John G. Popp Chief Investment Officer* |
Omar Tariq Chief Executive Officer and President** |
1 |
Assuming reinvestment of distributions. |
2 |
The ICE BofA US High Yield Constrained Index (the “Index”) is an unmanaged index that tracks the performance of below investment-grade U.S. dollar-denominated corporate bonds issued in the U.S. domestic market, where each issuer’s allocation is limited to 2% of the Index. The Index does not have transaction costs and investors cannot invest directly in the Index. |
* | John G. Popp is a Managing Director of UBS Asset Management (Americas) LLC (“UBS AM”) and Group Head and Chief Investment Officer of Credit Investments Group (“CIG”), with primary responsibility for making investment decisions and monitoring processes for CIG’s global investment strategies. Mr. Popp also serves as Trustee and Chief Investment Officer of the Credit Suisse open-end funds, as well as serving as Director and Chief Investment Officer for the Credit Suisse Asset Management Income Fund, Inc. and Trustee and Chief Investment Officer of the Credit Suisse High Yield Bond Fund. |
** | Omar Tariq is an Executive Director of UBS AM. Mr. Tariq also serves as Chief Executive Officer and President of the Credit Suisse open-end funds, the Credit Suisse Asset Management Income Fund, Inc. and the Credit Suisse High Yield Bond Fund. |
6 Months |
1 Year |
3 Years |
5 Years |
10 Years |
||||||||||||||||
Net Asset Value (NAV) |
4.66% | 14.52% | 3.66% | 6.17% | 6.27% | |||||||||||||||
Market Value |
(0.69)% | 11.00% | 3.68% | 8.53% | 6.96% |
BBB |
1.8 | % | ||
BB |
37.0 | |||
B |
31.7 | |||
CCC |
16.1 | |||
D |
0.3 | |||
NR |
7.2 | |||
Subtotal |
94.1 | |||
Equity and Other |
5.9 | |||
Total |
100.0 | % | ||
* | Expressed as a percentage of total investments (excluding securities lending collateral, if applicable) and may vary over time. |
** | Credit Quality is based on ratings provided by the S&P Global Ratings Division of S&P Global Inc. (“S&P”). S&P is a main provider of ratings for credit assets classes and is widely used amongst industry participants. The NR category consists of securities that have not been rated by S&P. |
Derivatives are not reflected in amounts reported above. |
Par (000) |
Ratings † (S&P/Moody’s) |
Maturity |
Rate% |
Value |
||||||||||||||
CORPORATE BONDS |
||||||||||||||||||
Aerospace & Defense |
||||||||||||||||||
$ |
391 |
Bombardier, Inc., Rule 144A, Senior Unsecured Notes (Callable 02/01/26 @ 103.75) (1),(2) |
(B+, B1) |
02/01/29 |
7.500 |
$ |
405,698 |
|||||||||||
600 |
Bombardier, Inc., Rule 144A, Senior Unsecured Notes (Callable 11/15/26 @ 104.38) (1) |
(B+, B1) |
11/15/30 |
8.750 |
649,224 |
|||||||||||||
840 |
TransDigm, Inc., Rule 144A, Senior Secured Notes (Callable 03/01/26 @ 103.19) (1) |
(BB-, Ba3) |
03/01/29 |
6.375 |
845,284 |
|||||||||||||
440 |
TransDigm, Inc., Rule 144A, Senior Secured Notes (Callable 03/01/27 @ 103.31) (1) |
(BB-, Ba3) |
03/01/32 |
6.625 |
444,994 |
|||||||||||||
2,345,200 |
||||||||||||||||||
Air Transportation |
||||||||||||||||||
400 |
AAR Escrow Issuer LLC, Rule 144A, Company Guaranteed Notes (Callable 03/15/26 @ 103.38) (1) |
(BB, Ba2) |
03/15/29 |
6.750 |
408,194 |
|||||||||||||
767 |
VistaJet Malta Finance PLC/Vista Management Holding, Inc., Rule 144A, Senior Unsecured Notes (Callable 02/01/25 @ 103.19) (1),(2) |
(B-, B3) |
02/01/30 |
6.375 |
604,487 |
|||||||||||||
1,012,681 |
||||||||||||||||||
Auto Parts & Equipment |
||||||||||||||||||
400 |
Adient Global Holdings Ltd., Rule 144A, Senior Secured Notes (Callable 04/15/25 @ 103.50) (1) |
(BBB-, Ba2) |
04/15/28 |
7.000 |
409,790 |
|||||||||||||
1,405 |
Clarios Global LP/Clarios U.S. Finance Co., Rule 144A, Company Guaranteed Notes (Callable 07/29/24 @ 100.00) (1) |
(B, B3) |
05/15/27 |
8.500 |
1,415,236 |
|||||||||||||
1,250 |
Cougar JV Subsidiary LLC, Rule 144A, Senior Unsecured Notes (Callable 05/15/27 @ 104.00) (1) |
(B+, B2) |
05/15/32 |
8.000 |
1,293,515 |
|||||||||||||
450 |
Dealer Tire LLC/DT Issuer LLC, Rule 144A, Senior Unsecured Notes (Callable 07/29/24 @ 104.00) (1) |
(CCC, Caa1) |
02/01/28 |
8.000 |
435,024 |
|||||||||||||
1,100 |
Garrett Motion Holdings, Inc./Garrett LX I SARL, Rule 144A, Company Guaranteed Notes (Callable 05/31/27 @ 103.88) (1) |
(B, B1) |
05/31/32 |
7.750 |
1,115,786 |
|||||||||||||
2,000 |
Phinia, Inc., Rule 144A, Senior Secured Notes (Callable 04/15/26 @ 103.38) (1) |
(BB+, Ba1) |
04/15/29 |
6.750 |
2,032,210 |
|||||||||||||
6,701,561 |
||||||||||||||||||
Automakers |
||||||||||||||||||
147 |
Winnebago Industries, Inc., Rule 144A, Senior Secured Notes (Callable 07/29/24 @ 101.56) (1) |
(BB+, Ba3) |
07/15/28 |
6.250 |
144,922 |
|||||||||||||
Brokerage |
||||||||||||||||||
1,250 |
StoneX Group, Inc., Rule 144A, Senior Secured Notes (Callable 03/01/27 @ 103.94) (1) |
(BB-, Ba3) |
03/01/31 |
7.875 |
1,290,281 |
|||||||||||||
Building & Construction |
||||||||||||||||||
666 |
MasTec, Inc., Rule 144A, Senior Unsecured Notes (Callable 08/15/24 @ 103.31) (1) |
(BBB-, NR) |
08/15/29 |
6.625 |
657,215 |
|||||||||||||
1,374 |
Pike Corp., Rule 144A, Company Guaranteed Notes (Callable 07/29/24 @ 102.75) (1) |
(B-, B3) |
09/01/28 |
5.500 |
1,318,838 |
|||||||||||||
200 |
Pike Corp., Rule 144A, Senior Unsecured Notes (Callable 01/31/27 @ 104.31) (1) |
(B-, B3) |
01/31/31 |
8.625 |
212,137 |
|||||||||||||
350 |
TopBuild Corp., Rule 144A, Company Guaranteed Notes (Callable 07/29/24 @ 101.81) (1) |
(BB+, Ba2) |
03/15/29 |
3.625 |
314,710 |
|||||||||||||
2,502,900 |
||||||||||||||||||
Par (000) |
Ratings † (S&P/Moody’s) |
Maturity |
Rate% |
Value |
||||||||||||||
CORPORATE BONDS |
||||||||||||||||||
Building Materials |
||||||||||||||||||
$ |
750 |
Advanced Drainage Systems, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/15/25 @ 103.19) (1) |
(BB-, Ba2) |
06/15/30 |
6.375 |
$ |
753,727 |
|||||||||||
200 |
Builders FirstSource, Inc., Rule 144A, Company Guaranteed Notes (Callable 03/01/25 @ 102.50) (1) |
(BB-, Ba2) |
03/01/30 |
5.000 |
189,467 |
|||||||||||||
800 |
Builders FirstSource, Inc., Rule 144A, Company Guaranteed Notes (Callable 06/15/27 @ 103.19) (1) |
(BB-, Ba2) |
06/15/32 |
6.375 |
802,056 |
|||||||||||||
800 |
Camelot Return Merger Sub, Inc., Rule 144A, Senior Secured Notes (Callable 08/01/24 @ 106.56) (1) |
(B, B2) |
08/01/28 |
8.750 |
784,608 |
|||||||||||||
1,150 |
Eco Material Technologies, Inc., Rule 144A, Senior Secured Notes (Callable 07/29/24 @ 103.94) (1) |
(B, B2) |
01/31/27 |
7.875 |
1,153,923 |
|||||||||||||
1,658 |
Foundation Building Materials, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/29/24 @ 103.00) (1) |
(CCC+, Caa1) |
03/01/29 |
6.000 |
1,473,431 |
|||||||||||||
700 |
GYP Holdings III Corp., Rule 144A, Company Guaranteed Notes (Callable 07/29/24 @ 102.31) (1) |
(B, Ba2) |
05/01/29 |
4.625 |
648,775 |
|||||||||||||
500 |
Masterbrand, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/15/27 @ 103.50) (1) |
(BB, Ba3) |
07/15/32 |
7.000 |
506,136 |
|||||||||||||
590 |
Miter Brands Acquisition Holdco, Inc./MIWD Borrower LLC, Rule 144A, Senior Secured Notes (Callable 04/01/27 @ 103.38) (1) |
(BB-, B1) |
04/01/32 |
6.750 |
594,676 |
|||||||||||||
1,156 |
MIWD Holdco II LLC/MIWD Finance Corp., Rule 144A, Company Guaranteed Notes (Callable 02/01/25 @ 102.75) (1),(2) |
(B-, B3) |
02/01/30 |
5.500 |
1,069,731 |
|||||||||||||
1,175 |
Oscar AcquisitionCo LLC/Oscar Finance, Inc., Rule 144A, Senior Unsecured Notes (Callable 04/15/25 @ 104.75) (1),(2) |
(CCC+, Caa1) |
04/15/30 |
9.500 |
1,111,444 |
|||||||||||||
450 |
Park River Holdings, Inc., Rule 144A, Senior Unsecured Notes (Callable 08/01/24 @ 103.38) (1),(2) |
(CCC, Caa2) |
08/01/29 |
6.750 |
370,354 |
|||||||||||||
400 |
Standard Industries, Inc., Rule 144A, Senior Unsecured Notes (Callable 07/15/25 @ 102.19) (1) |
(BB, B1) |
07/15/30 |
4.375 |
361,988 |
|||||||||||||
400 |
Summit Materials LLC/Summit Materials Finance Corp., Rule 144A, Company Guaranteed Notes (Callable 01/15/27 @ 103.63) (1) |
(BB+, Ba3) |
01/15/31 |
7.250 |
414,688 |
|||||||||||||
10,235,004 |
||||||||||||||||||
Cable & Satellite TV |
||||||||||||||||||
1,000 |
Altice Financing SA, Rule 144A, Senior Secured Notes (Callable 07/29/24 @ 101.25) (1) |
(B-, Caa1) |
01/15/28 |
5.000 |
761,635 |
|||||||||||||
800 |
Sunrise FinCo I BV, Rule 144A, Senior Secured Notes (Callable 07/15/26 @ 102.44) (1) |
(BB-, B1) |
07/15/31 |
4.875 |
727,048 |
|||||||||||||
200 |
Telenet Finance Luxembourg Notes SARL, Rule 144A, Senior Secured Notes (Callable 07/09/24 @ 101.38) (1) |
(BB-, B1) |
03/01/28 |
5.500 |
190,136 |
|||||||||||||
1,678,819 |
||||||||||||||||||
Chemicals |
||||||||||||||||||
200 |
Avient Corp., Rule 144A, Senior Unsecured Notes (Callable 07/29/24 @ 100.00) (1) |
(BB-, Ba3) |
05/15/25 |
5.750 |
199,697 |
|||||||||||||
477 |
Avient Corp., Rule 144A, Senior Unsecured Notes (Callable 08/01/25 @ 103.56) (1) |
(BB-, Ba3) |
08/01/30 |
7.125 |
486,675 |
|||||||||||||
600 |
Axalta Coating Systems Dutch Holding B BV, Rule 144A, Company Guaranteed Notes (Callable 11/15/26 @ 103.63) (1) |
(BB, Ba3) |
02/15/31 |
7.250 |
623,811 |
|||||||||||||
800 |
Darling Ingredients, Inc., Rule 144A, Company Guaranteed Notes (Callable 06/15/25 @ 103.00) (1) |
(BB+, Ba2) |
06/15/30 |
6.000 |
787,101 |
Par (000) |
Ratings † (S&P/Moody’s) |
Maturity |
Rate% |
Value |
||||||||||||||
CORPORATE BONDS |
||||||||||||||||||
Chemicals |
||||||||||||||||||
$ |
229 |
HB Fuller Co., Global Senior Unsecured Notes (Callable 07/29/24 @ 102.13) |
(BB-, Ba3) |
10/15/28 |
4.250 |
$ |
217,054 |
|||||||||||
600 |
Herens Holdco SARL, Rule 144A, Senior Secured Notes (Callable 07/29/24 @ 102.38) (1) |
(B-, B2) |
05/15/28 |
4.750 |
521,232 |
|||||||||||||
800 |
Herens Midco SARL, Rule 144A, Company Guaranteed Notes (Callable 07/29/24 @ 102.63) (1),(3) |
(CCC, Caa2) |
05/15/29 |
5.250 |
666,629 |
|||||||||||||
1,300 |
INEOS Finance PLC, Rule 144A, Senior Secured Notes (Callable 02/15/25 @ 103.38) (1) |
(BB, Ba3) |
05/15/28 |
6.750 |
1,304,082 |
|||||||||||||
400 |
INEOS Quattro Finance 2 PLC, Rule 144A, Senior Secured Notes (Callable 11/15/25 @ 104.81) (1) |
(BB, Ba3) |
03/15/29 |
9.625 |
425,357 |
|||||||||||||
1,800 |
Polar U.S. Borrower LLC/Schenectady International Group, Inc., Rule 144A, Senior Unsecured Notes (Callable 07/29/24 @ 101.69) (1) |
(CCC-, Caa3) |
05/15/26 |
6.750 |
515,043 |
|||||||||||||
1,200 |
Tronox, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/29/24 @ 102.31) (1) |
(BB-, B1) |
03/15/29 |
4.625 |
1,084,569 |
|||||||||||||
1,915 |
Vibrantz Technologies, Inc., Rule 144A, Senior Unsecured Notes (Callable 02/15/25 @ 104.50) (1),(2) |
(CCC+, Caa2) |
02/15/30 |
9.000 |
1,755,040 |
|||||||||||||
690 |
WR Grace Holdings LLC, Rule 144A, Senior Secured Notes (Callable 03/01/26 @ 103.69) (1) |
(B-, B1) |
03/01/31 |
7.375 |
700,244 |
|||||||||||||
9,286,534 |
||||||||||||||||||
Consumer/Commercial/Lease Financing |
||||||||||||||||||
2,150 |
Cargo Aircraft Management, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/15/24 @ 101.19) (1) |
(BB, Ba2) |
02/01/28 |
4.750 |
1,996,696 |
|||||||||||||
Diversified Capital Goods |
||||||||||||||||||
1,350 |
Atkore, Inc., Rule 144A, Senior Unsecured Notes (Callable 06/01/26 @ 102.13) (1) |
(BB+, Ba2) |
06/01/31 |
4.250 |
1,190,157 |
|||||||||||||
500 |
EnerSys, Rule 144A, Company Guaranteed Notes (Callable 01/15/27 @ 103.31) (1) |
(BB+, Ba3) |
01/15/32 |
6.625 |
509,017 |
|||||||||||||
1,699,174 |
||||||||||||||||||
Electronics |
||||||||||||||||||
450 |
Sensata Technologies, Inc., Rule 144A, Company Guarenteed Notes (Callable 07/15/27 @ 103.31) (1) |
(BB+, Ba2) |
07/15/32 |
6.625 |
453,523 |
|||||||||||||
800 |
Synaptics, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/09/24 @ 102.00) (1),(2) |
(B+, Ba3) |
06/15/29 |
4.000 |
726,270 |
|||||||||||||
1,179,793 |
||||||||||||||||||
Energy - Exploration & Production |
||||||||||||||||||
425 |
Civitas Resources, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/01/25 @ 104.19) (1) |
(BB-, B1) |
07/01/28 |
8.375 |
445,835 |
|||||||||||||
425 |
Civitas Resources, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/01/26 @ 104.38) (1) |
(BB-, B1) |
07/01/31 |
8.750 |
455,714 |
|||||||||||||
1,000 |
CNX Midstream Partners LP, Rule 144A, Company Guaranteed Notes (Callable 04/15/25 @ 102.38) (1) |
(BB, B1) |
04/15/30 |
4.750 |
901,785 |
|||||||||||||
1,550 |
CQP Holdco LP/BIP-V Chinook Holdco LLC, Rule 144A, Senior Secured Notes (Callable 12/15/28 @ 103.75)(1) |
(BB, Ba2) |
12/15/33 |
7.500 |
1,608,951 |
|||||||||||||
200 |
Matador Resources Co., Rule 144A, Company Guaranteed Notes (Callable 04/15/25 @ 103.44) (1) |
(BB-, B1) |
04/15/28 |
6.875 |
203,224 |
Par (000) |
Ratings † (S&P/Moody’s) |
Maturity |
Rate% |
Value |
||||||||||||||
CORPORATE BONDS |
||||||||||||||||||
Energy - Exploration & Production |
||||||||||||||||||
$ |
1,684 |
Northern Oil & Gas, Inc., Rule 144A, Senior Unsecured Notes (Callable 07/29/24 @ 104.06) (1) |
(B+, B2) |
03/01/28 |
8.125 |
$ |
1,705,015 |
|||||||||||
720 |
Rockcliff Energy II LLC, Rule 144A, Senior Unsecured Notes (Callable 10/15/24 @ 102.75) (1) |
(B+, B3) |
10/15/29 |
5.500 |
674,506 |
|||||||||||||
5,995,030 |
||||||||||||||||||
Environmental |
||||||||||||||||||
400 |
Clean Harbors, Inc., Rule 144A, Company Guaranteed Notes (Callable 02/01/26 @ 103.19) (1) |
(BB+, Ba3) |
02/01/31 |
6.375 |
401,365 |
|||||||||||||
600 |
GFL Environmental, Inc., Rule 144A, Senior Secured Notes (Callable 01/15/27 @ 103.38) (1) |
(BB, Ba3) |
01/15/31 |
6.750 |
612,827 |
|||||||||||||
1,014,192 |
||||||||||||||||||
Food - Wholesale |
||||||||||||||||||
800 |
U.S. Foods, Inc., Rule 144A, Company Guaranteed Notes (Callable 06/01/25 @ 102.31) (1) |
(BB-, Ba3) |
06/01/30 |
4.625 |
743,888 |
|||||||||||||
Gaming |
||||||||||||||||||
325 |
Boyd Gaming Corp., Rule 144A, Company Guaranteed Notes (Callable 06/15/26 @ 102.38) (1) |
(BB, B1) |
06/15/31 |
4.750 |
294,781 |
|||||||||||||
400 |
Caesars Entertainment, Inc., Rule 144A, Senior Secured Notes (Callable 02/15/26 @ 103.50) (1) |
(BB-, Ba3) |
02/15/30 |
7.000 |
408,918 |
|||||||||||||
400 |
Caesars Entertainment, Inc., Rule 144A, Senior Secured Notes (Callable 02/15/27 @ 103.25) (1) |
(BB-, Ba3) |
02/15/32 |
6.500 |
402,248 |
|||||||||||||
1,105,947 |
||||||||||||||||||
Gas Distribution |
||||||||||||||||||
200 |
Blue Racer Midstream LLC/Blue Racer Finance Corp., Rule 144A, Senior Unsecured Notes (Callable 07/15/26 @ 103.50) (1) |
(B+, B2) |
07/15/29 |
7.000 |
203,817 |
|||||||||||||
200 |
Blue Racer Midstream LLC/Blue Racer Finance Corp., Rule 144A, Senior Unsecured Notes (Callable 07/15/27 @ 103.63) (1) |
(B+, B2) |
07/15/32 |
7.250 |
205,492 |
|||||||||||||
286 |
Genesis Energy LP/Genesis Energy Finance Corp., Global Company Guaranteed Notes (Callable 04/15/26 @ 104.44) |
(B, B3) |
04/15/30 |
8.875 |
301,132 |
|||||||||||||
300 |
Global Partners LP/GLP Finance Corp., Rule 144A, Company Guaranteed Notes (Callable 01/15/27 @ 104.13) (1) |
(B+, B2) |
01/15/32 |
8.250 |
308,612 |
|||||||||||||
1,024 |
Hess Midstream Operations LP, Rule 144A, Company Guaranteed Notes (Callable 07/29/24 @ 101.71) (1) |
(BB+, Ba2) |
06/15/28 |
5.125 |
992,255 |
|||||||||||||
400 |
Hess Midstream Operations LP, Rule 144A, Company Guaranteed Notes (Callable 10/15/25 @ 102.75) (1) |
(BB+, Ba2) |
10/15/30 |
5.500 |
386,586 |
|||||||||||||
1,150 |
New Fortress Energy, Inc., Rule 144A, Senior Secured Notes (Callable 07/29/24 @ 101.63) (1) |
(BB-, B1) |
09/30/26 |
6.500 |
1,059,393 |
|||||||||||||
1,380 |
Rockies Express Pipeline LLC, Rule 144A, Senior Unsecured Notes (Callable 04/15/29 @ 100.00) (1) |
(BB+, Ba2) |
07/15/29 |
4.950 |
1,300,160 |
|||||||||||||
610 |
Rockies Express Pipeline LLC, Rule 144A, Senior Unsecured Notes (Callable 02/15/30 @ 100.00) (1) |
(BB+, Ba2) |
05/15/30 |
4.800 |
563,768 |
Par (000) |
Ratings † (S&P/Moody’s) |
Maturity |
Rate% |
Value |
||||||||||||||
CORPORATE BONDS |
||||||||||||||||||
Gas Distribution |
||||||||||||||||||
$ |
1,300 |
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., Rule 144A, Senior Unsecured Notes (Callable 02/15/26 @ 103.69) (1) |
(BB-, B1) |
02/15/29 |
7.375 |
$ |
1,307,424 |
|||||||||||
6,628,639 |
||||||||||||||||||
Health Services |
||||||||||||||||||
524 |
AMN Healthcare, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/09/24 @ 102.00) (1) |
(BB-, Ba3) |
04/15/29 |
4.000 |
471,653 |
|||||||||||||
1,600 |
AthenaHealth Group, Inc., Rule 144A, Senior Unsecured Notes (Callable 02/15/25 @ 103.25) (1) |
(CCC, Caa2) |
02/15/30 |
6.500 |
1,474,265 |
|||||||||||||
800 |
Option Care Health, Inc., Rule 144A, Company Guaranteed Notes (Callable 10/31/24 @ 102.19) (1) |
(B, B2) |
10/31/29 |
4.375 |
735,313 |
|||||||||||||
1,446 |
Pediatrix Medical Group, Inc., Rule 144A, Company Guaranteed Notes (Callable 02/15/25 @ 102.69) (1),(2) |
(BB-, Ba3) |
02/15/30 |
5.375 |
1,279,869 |
|||||||||||||
3,961,100 |
||||||||||||||||||
Hotels |
||||||||||||||||||
30 |
Hilton Domestic Operating Co., Inc., Rule 144A, Company Guaranteed Notes (Callable 04/01/26 @ 102.94) (1) |
(BB+, Ba2) |
04/01/29 |
5.875 |
30,064 |
|||||||||||||
400 |
Raising Cane’s Restaurants LLC, Rule 144A, Senior Unsecured Notes (Callable 11/01/25 @ 104.69) (1) |
(B, B3) |
05/01/29 |
9.375 |
432,617 |
|||||||||||||
325 |
RHP Hotel Properties LP/RHP Finance Corp., Rule 144A, Company Guaranteed Notes (Callable 04/01/27 @ 103.25) (1) |
(BB-, Ba3) |
04/01/32 |
6.500 |
325,758 |
|||||||||||||
788,439 |
||||||||||||||||||
Insurance Brokerage |
||||||||||||||||||
480 |
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, Rule 144A,Senior Secured Notes (Callable 04/15/25 @ 103.38) (1) |
(B, B2) |
04/15/28 |
6.750 |
481,396 |
|||||||||||||
481 |
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, Rule 144A,Senior Secured Notes (Callable 01/15/27 @ 103.50) (1) |
(B, B2) |
01/15/31 |
7.000 |
486,964 |
|||||||||||||
400 |
AmWINS Group, Inc., Rule 144A, Senior Secured Notes (Callable 02/15/26 @ 103.19) (1) |
(B+, Ba3) |
02/15/29 |
6.375 |
401,357 |
|||||||||||||
576 |
GTCR AP Finance, Inc., Rule 144A, Senior Unsecured Notes (Callable 07/29/24 @ 100.00) (1) |
(CCC+, Caa2) |
05/15/27 |
8.000 |
577,806 |
|||||||||||||
1,600 |
Howden U.K. Refinance PLC/Howden U.K. Refinance 2 PLC/Howden U.S. Refinance LLC, Rule 144A, Senior Secured Notes (Callable 02/15/27 @ 103.63) (1) |
(B, B2) |
02/15/31 |
7.250 |
1,594,798 |
|||||||||||||
800 |
HUB International Ltd., Rule 144A, Senior Secured Notes (Callable 06/15/26 @ 103.63) (1) |
(B, B2) |
06/15/30 |
7.250 |
820,550 |
|||||||||||||
1,000 |
Jones Deslauriers Insurance Management, Inc., Rule 144A, Senior Secured Notes (Callable 03/15/26 @ 104.25) (1) |
(B-, B2) |
03/15/30 |
8.500 |
1,046,498 |
|||||||||||||
1,000 |
Jones Deslauriers Insurance Management, Inc., Rule 144A, Senior Unsecured Notes (Callable 12/15/25 @ 105.25) (1) |
(CCC, Caa2) |
12/15/30 |
10.500 |
1,074,726 |
|||||||||||||
800 |
Ryan Specialty LLC, Rule 144A, Senior Secured Notes (Callable 02/01/25 @ 102.19) (1) |
(BB-, B1) |
02/01/30 |
4.375 |
741,947 |
|||||||||||||
7,226,042 |
||||||||||||||||||
Par (000) |
Ratings † (S&P/Moody’s) |
Maturity |
Rate% |
Value |
||||||||||||||
CORPORATE BONDS |
||||||||||||||||||
Investments & Misc. Financial Services |
||||||||||||||||||
$ |
2,100 |
Armor Holdco, Inc., Rule 144A, Company Guaranteed Notes (Callable 11/15/24 @ 104.25) (1) |
(CCC+, Caa1) |
11/15/29 |
8.500 |
$ |
2,002,930 |
|||||||||||
600 |
Block, Inc., Rule 144A, Senior Unsecured Notes (Callable 05/15/27 @ 103.25) (1) |
(BB+, Ba2) |
05/15/32 |
6.500 |
607,859 |
|||||||||||||
1,600 |
Boost Newco Borrower LLC, Rule 144A, Senior Secured Notes (Callable 01/15/27 @ 103.75) (1) |
(BB, Ba3) |
01/15/31 |
7.500 |
1,669,752 |
|||||||||||||
1,000 |
Compass Group Diversified Holdings LLC, Rule 144A, Company Guaranteed Notes (Callable 07/29/24 @ 102.63) (1) |
(B+, B1) |
04/15/29 |
5.250 |
949,379 |
|||||||||||||
800 |
Compass Group Diversified Holdings LLC, Rule 144A, Senior Unsecured Notes (Callable 01/15/27 @ 102.50) (1) |
(B+, B1) |
01/15/32 |
5.000 |
724,834 |
|||||||||||||
1,800 |
Jane Street Group/JSG Finance, Inc., Rule 144A, Senior Secured Notes (Callable 04/30/27 @ 103.56) (1) |
(BB, Ba2) |
04/30/31 |
7.125 |
1,844,455 |
|||||||||||||
400 |
Paysafe Finance PLC/Paysafe Holdings U.S. Corp., Rule 144A, Senior Secured Notes (Callable 07/29/24 @ 102.00) (1),(2) |
(B, B2) |
06/15/29 |
4.000 |
368,811 |
|||||||||||||
800 |
Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/29/24 @ 101.16) (1) |
(NR, Ba3) |
11/01/26 |
4.625 |
775,753 |
|||||||||||||
1,080 |
VFH Parent LLC/Valor Co-Issuer, Inc., Rule 144A, Senior Secured Notes(Callable 06/15/27 @ 103.75) (1) |
(B+, B1) |
06/15/31 |
7.500 |
1,086,545 |
|||||||||||||
10,030,318 |
||||||||||||||||||
Life Insurance |
||||||||||||||||||
1,800 |
Panther Escrow Issuer LLC, Rule 144A, Senior Secured Notes (Callable 06/01/27 @ 103.56) (1) |
(B, B2) |
06/01/31 |
7.125 |
1,821,820 |
|||||||||||||
Machinery |
||||||||||||||||||
825 |
Arcosa, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/29/24 @ 102.19) (1) |
(BB, Ba2) |
04/15/29 |
4.375 |
766,540 |
|||||||||||||
1,480 |
ATS Corp., Rule 144A, Company Guaranteed Notes (Callable 07/29/24 @ 102.06) (1) |
(BB, B2) |
12/15/28 |
4.125 |
1,352,845 |
|||||||||||||
1,400 |
Dornoch Debt Merger Sub, Inc., Rule 144A, Senior Unsecured Notes (Callable 10/15/24 @ 103.31) (1),(2) |
(CCC, Caa2) |
10/15/29 |
6.625 |
1,193,688 |
|||||||||||||
1,642 |
Enviri Corp., Rule 144A, Company Guaranteed Notes (Callable 07/29/24 @ 101.44) (1) |
(B, B3) |
07/31/27 |
5.750 |
1,560,859 |
|||||||||||||
800 |
Hillenbrand, Inc., Global Company Guaranteed Notes (Callable 02/15/26 @ 103.13) |
(BB+, Ba1) |
02/15/29 |
6.250 |
805,007 |
|||||||||||||
151 |
Regal Rexnord Corp., Global Company Guaranteed Notes (Callable 01/15/33 @ 100.00) |
(BB+, Baa3) |
04/15/33 |
6.400 |
154,850 |
|||||||||||||
5,833,789 |
||||||||||||||||||
Managed Care |
||||||||||||||||||
505 |
HealthEquity, Inc., Rule 144A, Company Guaranteed Notes (Callable 10/01/24 @ 102.25) (1) |
(B+, B2) |
10/01/29 |
4.500 |
472,690 |
|||||||||||||
Media - Diversified |
||||||||||||||||||
200 |
News Corp., Rule 144A, Company Guaranteed Notes (Callable 02/15/27 @ 102.56) (1) |
(BB+, Ba1) |
02/15/32 |
5.125 |
189,930 |
|||||||||||||
46 |
Tech 7 SAS Super Senior (New Money Tranche 1) (3),(4),(5) |
(NR, NR) |
03/31/26 |
18.682 |
49,126 |
|||||||||||||
28 |
Tech 7 SAS Super Senior (New Money Tranche 2) (3),(4),(5) |
(NR, NR) |
03/31/26 |
1.000 |
29,476 |
|||||||||||||
14 |
Tech 7 SAS Technicolor Creative Studios Super Senior (3),(4),(5) |
(NR, NR) |
03/31/26 |
1.000 |
14,738 |
|||||||||||||
283,270 |
||||||||||||||||||
Par (000) |
Ratings † (S&P/Moody’s) |
Maturity |
Rate% |
Value |
||||||||||||||
CORPORATE BONDS |
||||||||||||||||||
Media Content |
||||||||||||||||||
$ |
588 |
Sirius XM Radio, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/09/24 @ 102.75) (1) |
(BB, Ba3) |
07/01/29 |
5.500 |
$ |
552,834 |
|||||||||||
400 |
Sirius XM Radio, Inc., Rule 144A, Company Guaranteed Notes (Callable 09/01/26 @ 101.94) (1) |
(BB, Ba3) |
09/01/31 |
3.875 |
326,751 |
|||||||||||||
879,585 |
||||||||||||||||||
Metals & Mining - Excluding Steel |
||||||||||||||||||
250 |
Canpack SA/Canpack U.S. LLC, Rule 144A, Company Guaranteed Notes (Callable 11/15/24 @ 101.94) (1) |
(BB-, NR) |
11/15/29 |
3.875 |
224,428 |
|||||||||||||
1,200 |
ERO Copper Corp., Rule 144A, Company Guaranteed Notes (Callable 02/15/25 @ 103.25) (1),(2) |
(B, B1) |
02/15/30 |
6.500 |
1,167,883 |
|||||||||||||
400 |
First Quantum Minerals Ltd., Rule 144A, Secured Notes (Callable 03/01/26 @ 104.69) (1) |
(B, NR) |
03/01/29 |
9.375 |
419,157 |
|||||||||||||
400 |
Kaiser Aluminum Corp., Rule 144A, Company Guaranteed Notes (Callable 07/29/24 @ 101.16) (1) |
(BB-, B2) |
03/01/28 |
4.625 |
374,623 |
|||||||||||||
800 |
Kaiser Aluminum Corp., Rule 144A, Company Guaranteed Notes (Callable 06/01/26 @ 102.25) (1) |
(BB-, B2) |
06/01/31 |
4.500 |
709,223 |
|||||||||||||
510 |
Novelis Corp., Rule 144A, Company Guaranteed Notes (Callable 01/30/25 @ 102.38) (1) |
(BB, Ba3) |
01/30/30 |
4.750 |
473,601 |
|||||||||||||
3,368,915 |
||||||||||||||||||
Non - Electric Utilities |
||||||||||||||||||
89 |
Suburban Propane Partners LP/Suburban Energy Finance Corp., Rule 144A, Senior Unsecured Notes (Callable 06/01/26 @ 102.50) (1) |
(BB-, B1) |
06/01/31 |
5.000 |
80,216 |
|||||||||||||
600 |
Sunoco LP, Rule 144A, Company Guaranteed Notes (Callable 05/01/27 @ 103.63) (1) |
(BB+, Ba1) |
05/01/32 |
7.250 |
620,986 |
|||||||||||||
750 |
Sunoco LP/Sunoco Finance Corp., Rule 144A, Company Guaranteed Notes (Callable 09/15/25 @ 103.50) (1) |
(BB+, Ba1) |
09/15/28 |
7.000 |
769,892 |
|||||||||||||
1,471,094 |
||||||||||||||||||
Packaging |
||||||||||||||||||
460 |
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC, Rule 144A, Senior Unsecured Notes (Callable 07/29/24 @ 101.50) (1),(3) |
(CCC+, Caa1) |
09/01/29 |
3.000 |
399,950 |
|||||||||||||
400 |
Ball Corp., Global Company Guaranteed Notes (Callable 11/15/24 @ 103.44) |
(BB+, Ba1) |
03/15/28 |
6.875 |
410,554 |
|||||||||||||
415 |
Chart Industries, Inc., Rule 144A, Senior Secured Notes (Callable 01/01/26 @ 103.75) (1) |
(BB-, Ba3) |
01/01/30 |
7.500 |
429,446 |
|||||||||||||
400 |
Intelligent Packaging Ltd. Finco, Inc./Intelligent Packaging Ltd. Co-Issuer LLC, Rule 144A, Senior Secured Notes (Callable 07/29/24 @ 101.50)(1) |
(B-, B3) |
09/15/28 |
6.000 |
387,731 |
|||||||||||||
1,700 |
Mauser Packaging Solutions Holding Co., Rule 144A, Senior Secured Notes (Callable 02/15/25 @ 103.94) (1) |
(B, B2) |
04/15/27 |
7.875 |
1,736,975 |
|||||||||||||
279 |
Owens-Brockway Glass Container, Inc., Rule 144A, Company Guaranteed Notes (Callable 05/15/26 @ 103.63) (1) |
(B+, B2) |
05/15/31 |
7.250 |
278,775 |
|||||||||||||
1,000 |
Trident TPI Holdings, Inc., Rule 144A, Company Guaranteed Notes (Callable 12/31/25 @ 106.38) (1) |
(CCC+, Caa2) |
12/31/28 |
12.750 |
1,093,577 |
|||||||||||||
1,840 |
TriMas Corp., Rule 144A, Company Guaranteed Notes (Callable 07/29/24 @ 102.06) (1) |
(BB-, Ba3) |
04/15/29 |
4.125 |
1,687,433 |
|||||||||||||
6,424,441 |
||||||||||||||||||
Par (000) |
Ratings † (S&P/Moody’s) |
Maturity |
Rate% |
Value |
||||||||||||||
CORPORATE BONDS |
||||||||||||||||||
Personal & Household Products |
||||||||||||||||||
$ |
1,600 |
MajorDrive Holdings IV LLC, Rule 144A, Senior Unsecured Notes (Callable 07/29/24 @ 103.19) (1) |
(CCC+, Caa2) |
06/01/29 |
6.375 |
$ |
1,507,908 |
|||||||||||
318 |
Verde Purchaser LLC, Rule 144A, Senior Secured Notes (Callable 11/30/26 @ 105.25) (1) |
(B+, B2) |
11/30/30 |
10.500 |
336,520 |
|||||||||||||
1,844,428 |
||||||||||||||||||
Pharmaceuticals |
||||||||||||||||||
708 |
Emergent BioSolutions, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/29/24 @ 101.94) (1) |
(CCC-, Caa3) |
08/15/28 |
3.875 |
459,532 |
|||||||||||||
Rail |
||||||||||||||||||
1,250 |
Genesee & Wyoming, Inc., Rule 144A, Senior Secured Notes (Callable 04/15/27 @ 103.13) (1) |
(BB, Ba3) |
04/15/32 |
6.250 |
1,247,818 |
|||||||||||||
Real Estate Investment Trusts |
||||||||||||||||||
1,175 |
Global Net Lease, Inc./Global Net Lease Operating Partnership LP, Rule 144A, Company Guaranteed Notes (Callable 09/15/27 @ 100.00) (1) |
(BB+, WR) |
12/15/27 |
3.750 |
1,030,165 |
|||||||||||||
Recreation & Travel |
||||||||||||||||||
1,200 |
Boyne USA, Inc., Rule 144A, Senior Unsecured Notes (Callable 07/29/24 @ 102.38) (1) |
(B, B1) |
05/15/29 |
4.750 |
1,120,493 |
|||||||||||||
514 |
SeaWorld Parks & Entertainment, Inc., Rule 144A, Company Guaranteed Notes (Callable 08/15/24 @ 102.63) (1) |
(B+, B2) |
08/15/29 |
5.250 |
485,872 |
|||||||||||||
1,692 |
Six Flags Entertainment Corp., Rule 144A, Company Guaranteed Notes (Callable 05/15/26 @ 103.63) (1),(2) |
(B-, B3) |
05/15/31 |
7.250 |
1,723,903 |
|||||||||||||
1,315 |
Speedway Motorsports LLC/Speedway Funding II, Inc., Rule 144A, Senior Unsecured Notes (Callable 07/29/24 @ 101.22) (1) |
(BB, B2) |
11/01/27 |
4.875 |
1,257,327 |
|||||||||||||
841 |
Vail Resorts, Inc., Rule 144A, Company Guaranteed Notes (Callable 05/15/27 @ 103.25) (1) |
(BB, Ba3) |
05/15/32 |
6.500 |
851,656 |
|||||||||||||
5,439,251 |
||||||||||||||||||
Restaurants |
||||||||||||||||||
400 |
1011778 BC ULC/New Red Finance, Inc., Rule 144A, Senior Secured Notes (Callable 06/15/26 @ 103.06) (1) |
(BB+, Ba2) |
06/15/29 |
6.125 |
402,324 |
|||||||||||||
Software - Services |
||||||||||||||||||
1,047 |
Elastic NV, Rule 144A, Senior Unsecured Notes (Callable 07/29/24 @ 102.06) (1) |
(BB-, Ba3) |
07/15/29 |
4.125 |
957,582 |
|||||||||||||
1,400 |
Insight Enterprises, Inc., Rule 144A, Company Guaranteed Notes (Callable 05/15/27 @ 103.31) (1) |
(BB+, Ba3) |
05/15/32 |
6.625 |
1,423,127 |
|||||||||||||
775 |
Newfold Digital Holdings Group, Inc., Rule 144A, Senior Unsecured Notes (Callable 07/29/24 @ 103.00) (1),(2) |
(CCC+, Caa2) |
02/15/29 |
6.000 |
560,665 |
|||||||||||||
635 |
Open Text Corp., Rule 144A, Company Guaranteed Notes (Callable 12/01/24 @ 101.94) (1) |
(BB, Ba3) |
12/01/29 |
3.875 |
569,790 |
|||||||||||||
800 |
Open Text Corp., Rule 144A, Senior Secured Notes (Callable 11/01/27 @ 100.00) (1) |
(BBB-, Ba1) |
12/01/27 |
6.900 |
831,362 |
|||||||||||||
825 |
Open Text Holdings, Inc., Rule 144A, Company Guaranteed Notes (Callable 12/01/26 @ 102.06) (1) |
(BB, Ba3) |
12/01/31 |
4.125 |
726,779 |
Par (000) |
Ratings † (S&P/Moody’s) |
Maturity |
Rate% |
Value |
||||||||||||||
CORPORATE BONDS |
||||||||||||||||||
Software - Services |
||||||||||||||||||
$ |
800 |
UKG, Inc., Rule 144A, Senior Secured Notes (Callable 02/01/27 @ 103.44) (1) |
(B-, B2) |
02/01/31 |
6.875 |
$ |
810,574 |
|||||||||||
1,625 |
Virtusa Corp., Rule 144A, Senior Unsecured Notes (Callable 07/29/24 @ 103.56) (1) |
(CCC+, Caa1) |
12/15/28 |
7.125 |
1,497,006 |
|||||||||||||
546 |
VT Topco, Inc., Rule 144A, Senior Secured Notes (Callable 08/15/26 @ 104.25) (1) |
(B, B2) |
08/15/30 |
8.500 |
574,856 |
|||||||||||||
400 |
ZoomInfo Technologies LLC/ZoomInfo Finance Corp., Rule 144A, Company Guaranteed Notes (Callable 07/09/24 @ 101.94) (1) |
(B+, B1) |
02/01/29 |
3.875 |
364,091 |
|||||||||||||
8,315,832 |
||||||||||||||||||
Specialty Retail |
||||||||||||||||||
900 |
Amer Sports Co., Rule 144A, Senior Secured Notes (Callable 02/16/27 @ 103.38) (1) |
(BB, B1) |
02/16/31 |
6.750 |
898,298 |
|||||||||||||
40 |
Asbury Automotive Group, Inc., Global Company Guaranteed Notes (Callable 07/09/24 @ 101.25) |
(BB, B1) |
03/01/28 |
4.500 |
37,957 |
|||||||||||||
491 |
Asbury Automotive Group, Inc., Global Company Guaranteed Notes (Callable 03/01/25 @ 102.38) |
(BB, B1) |
03/01/30 |
4.750 |
455,762 |
|||||||||||||
200 |
Asbury Automotive Group, Inc., Rule 144A, Company Guaranteed Notes (Callable 11/15/24 @ 102.31) (1) |
(BB, B1) |
11/15/29 |
4.625 |
185,131 |
|||||||||||||
1,850 |
Eagle Intermediate Global Holding BV/Eagle U.S. Finance LLC, Rule 144A, Senior Secured Notes (Callable 07/09/24 @ 100.00) (1) |
(NR, Caa3) |
05/01/25 |
7.500 |
1,045,831 |
|||||||||||||
51 |
Eagle Intermediate Global Holding BV/Eagle U.S. Finance LLC, Rule 144A, Senior Secured Notes (Callable 07/09/24 @ 100.00) (1),(4),(5) |
(NR, Caa3) |
05/01/25 |
7.500 |
28,508 |
|||||||||||||
68 |
Eagle Intermediate Global Holding BV/Ruyi U.S. Finance LLC (4),(5) |
(NR, NR) |
05/01/25 |
0.000 |
34,853 |
|||||||||||||
600 |
Group 1 Automotive, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/29/24 @ 102.00) (1) |
(BB+, Ba2) |
08/15/28 |
4.000 |
554,803 |
|||||||||||||
600 |
LCM Investments Holdings II LLC, Rule 144A, Senior Unsecured Notes (Callable 07/29/24 @ 102.44) (1) |
(BB-, B2) |
05/01/29 |
4.875 |
561,824 |
|||||||||||||
800 |
LCM Investments Holdings II LLC, Rule 144A, Senior Unsecured Notes (Callable 08/01/26 @ 104.13) (1) |
(BB-, B2) |
08/01/31 |
8.250 |
836,434 |
|||||||||||||
550 |
Murphy Oil USA, Inc., Rule 144A, Company Guaranteed Notes (Callable 02/15/26 @ 101.88) (1) |
(BB+, Ba2) |
02/15/31 |
3.750 |
485,231 |
|||||||||||||
1,150 |
Sonic Automotive, Inc., Rule 144A, Company Guaranteed Notes (Callable 11/15/26 @ 102.44) (1),(2) |
(BB-, B1) |
11/15/31 |
4.875 |
1,014,205 |
|||||||||||||
260 |
Wand NewCo 3, Inc., Rule 144A, Senior Secured Notes (Callable 01/30/27 @ 103.81) (1) |
(B, B3) |
01/30/32 |
7.625 |
268,756 |
|||||||||||||
6,407,593 |
||||||||||||||||||
Support - Services |
||||||||||||||||||
1,223 |
Allied Universal Holdco LLC/Allied Universal Finance Corp., Rule 144A, Senior Unsecured Notes (Callable 07/29/24 @ 100.00) (1) |
(CCC+, Caa2) |
07/15/27 |
9.750 |
1,216,436 |
|||||||||||||
900 |
Allied Universal Holdco LLC/Allied Universal Finance Corp., Rule 144A, Senior Unsecured Notes (Callable 07/29/24 @ 103.00) (1),(2) |
(CCC+, Caa2) |
06/01/29 |
6.000 |
788,720 |
|||||||||||||
1,400 |
CoreLogic, Inc., Rule 144A, Senior Secured Notes (Callable 07/29/24 @ 102.25) (1) |
(B-, B2) |
05/01/28 |
4.500 |
1,271,723 |
|||||||||||||
2,735 |
GEMS MENASA Cayman Ltd./GEMS Education Delaware LLC, Rule 144A, Senior Secured Notes (Callable 07/29/24 @ 101.78) (1) |
(B, B2) |
07/31/26 |
7.125 |
2,721,005 |
|||||||||||||
1,355 |
H&E Equipment Services, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/29/24 @ 101.94) (1) |
(BB-, B1) |
12/15/28 |
3.875 |
1,224,933 |
Par (000) |
Ratings † (S&P/Moody’s) |
Maturity |
Rate% |
Value |
||||||||||||||
CORPORATE BONDS |
||||||||||||||||||
Support - Services |
||||||||||||||||||
$ |
1,797 |
TMS International Corp., Rule 144A, Senior Unsecured Notes (Callable 07/09/24 @ 103.13) (1) |
(B, Caa1) |
04/15/29 |
6.250 |
$ |
1,651,857 |
|||||||||||
500 |
WESCO Distribution, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/29/24 @ 102.42) (1) |
(BB, Ba3) |
06/15/28 |
7.250 |
510,001 |
|||||||||||||
1,231 |
White Cap Buyer LLC, Rule 144A, Senior Unsecured Notes (Callable 07/29/24 @ 103.44) (1) |
(CCC+, Caa1) |
10/15/28 |
6.875 |
1,189,001 |
|||||||||||||
595 |
Williams Scotsman, Inc., Rule 144A, Senior Secured Notes (Callable 07/29/24 @ 102.31) (1) |
(BB-, B2) |
08/15/28 |
4.625 |
563,165 |
|||||||||||||
450 |
Williams Scotsman, Inc., Rule 144A, Senior Secured Notes (Callable 06/15/26 @ 103.31) (1) |
(BB-, B2) |
06/15/29 |
6.625 |
454,460 |
|||||||||||||
200 |
XPO, Inc., Rule 144A, Company Guaranteed Notes (Callable 06/01/26 @ 103.56) (1) |
(BB-, Ba3) |
06/01/31 |
7.125 |
204,524 |
|||||||||||||
400 |
XPO, Inc., Rule 144A, Company Guaranteed Notes (Callable 02/01/27 @ 103.56) (1) |
(BB-, Ba3) |
02/01/32 |
7.125 |
410,401 |
|||||||||||||
1,045 |
XPO, Inc., Rule 144A, Senior Secured Notes (Callable 06/01/25 @ 103.13) (1) |
(BBB-, Ba1) |
06/01/28 |
6.250 |
1,052,238 |
|||||||||||||
900 |
ZipRecruiter, Inc., Rule 144A, Senior Unsecured Notes (Callable 01/15/25 @ 102.50) (1),(2) |
(B+, B2) |
01/15/30 |
5.000 |
784,245 |
|||||||||||||
14,042,709 |
||||||||||||||||||
Tech Hardware & Equipment |
||||||||||||||||||
1,500 |
CommScope Technologies LLC, Rule 144A, Company Guaranteed Notes (Callable 07/09/24 @ 100.00) (1) |
(CCC-, Ca) |
06/15/25 |
6.000 |
1,222,845 |
|||||||||||||
340 |
CommScope Technologies LLC, Rule 144A, Company Guaranteed Notes (Callable 07/09/24 @ 100.83) (1) |
(CCC-, Ca) |
03/15/27 |
5.000 |
141,259 |
|||||||||||||
1,400 |
Imola Merger Corp., Rule 144A, Senior Secured Notes (Callable 07/29/24 @ 102.38) (1) |
(BB-, B1) |
05/15/29 |
4.750 |
1,310,114 |
|||||||||||||
400 |
Zebra Technologies Corp., Rule 144A, Company Guaranteed Notes (Callable 06/01/27 @ 103.25) (1) |
(BB, Ba2) |
06/01/32 |
6.500 |
405,326 |
|||||||||||||
3,079,544 |
||||||||||||||||||
Telecom - Wireline Integrated & Services |
||||||||||||||||||
1,856 |
Altice France SA, Rule 144A, Senior Secured Notes (Callable 07/29/24 @ 102.56) (1) |
(CCC+, Caa1) |
01/15/29 |
5.125 |
1,212,966 |
|||||||||||||
200 |
Altice France SA, Rule 144A, Senior Secured Notes (Callable 07/29/24 @ 102.56) (1) |
(CCC+, Caa1) |
07/15/29 |
5.125 |
131,848 |
|||||||||||||
200 |
Altice France SA, Rule 144A, Senior Secured Notes (Callable 10/15/24 @ 102.75) (1) |
(CCC+, Caa1) |
10/15/29 |
5.500 |
132,094 |
|||||||||||||
1,193 |
LCPR Senior Secured Financing DAC, Rule 144A, Senior Secured Notes (Callable 07/29/24 @ 101.69) (1) |
(B+, B2) |
10/15/27 |
6.750 |
1,118,719 |
|||||||||||||
200 |
LCPR Senior Secured Financing DAC, Rule 144A, Senior Secured Notes (Callable 07/29/24 @ 102.56) (1) |
(B+, B2) |
07/15/29 |
5.125 |
166,157 |
|||||||||||||
1,000 |
Level 3 Financing, Inc., Rule 144A, Secured Notes (Callable 03/22/26 @ 102.13) (1) |
(B-, Caa2) |
04/01/30 |
4.500 |
547,889 |
|||||||||||||
600 |
Level 3 Financing, Inc., Rule 144A, Secured Notes (Callable 03/22/25 @ 101.81) (1) |
(B-, Caa2) |
10/15/30 |
3.875 |
317,519 |
|||||||||||||
500 |
Virgin Media Secured Finance PLC, Rule 144A, Senior Secured Notes (Callable 07/08/24 @ 100.63) (1),(6) |
(B+, Ba3) |
04/15/27 |
5.000 |
626,914 |
|||||||||||||
200 |
Virgin Media Secured Finance PLC, Rule 144A, Senior Secured Notes (Callable 08/15/25 @ 102.25) (1) |
(B+, Ba3) |
08/15/30 |
4.500 |
169,741 |
|||||||||||||
400 |
Vmed O2 U.K. Financing I PLC, Rule 144A, Senior Secured Notes (Callable 01/31/26 @ 102.13) (1) |
(B+, Ba3) |
01/31/31 |
4.250 |
332,809 |
|||||||||||||
4,756,656 |
||||||||||||||||||
Par (000) |
Ratings † (S&P/Moody’s) |
Maturity |
Rate% |
Value |
||||||||||||||
CORPORATE BONDS |
||||||||||||||||||
Theaters & Entertainment |
||||||||||||||||||
$ |
1,025 |
Live Nation Entertainment, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/29/24 @ 100.00) (1) |
(B+, B1) |
11/01/24 |
4.875 |
$ |
1,022,674 |
|||||||||||
325 |
Live Nation Entertainment, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/29/24 @ 102.38) (1) |
(B+, B1) |
10/15/27 |
4.750 |
311,686 |
|||||||||||||
600 |
Live Nation Entertainment, Inc., Rule 144A, Senior Secured Notes (Callable 07/29/24 @ 103.25) (1) |
(BB, Ba2) |
05/15/27 |
6.500 |
603,965 |
|||||||||||||
1,938,325 |
||||||||||||||||||
Trucking & Delivery |
||||||||||||||||||
1,400 |
RXO, Inc., Rule 144A, Company Guaranteed Notes (Callable 11/15/24 @ 103.75) (1) |
(BB, Baa3) |
11/15/27 |
7.500 |
1,431,759 |
|||||||||||||
TOTAL CORPORATE BONDS |
148,518,700 |
|||||||||||||||||
BANK LOANS |
||||||||||||||||||
Aerospace & Defense |
||||||||||||||||||
580 |
Amentum Government Services Holdings LLC, 1 mo. USD Term SOFR + 8.750% (7) |
(NR, NR) |
01/31/28 |
14.208 |
581,300 |
|||||||||||||
294 |
Amentum Government Services Holdings LLC, 1 mo. USD Term SOFR + 4.000% (7) |
(B, B2) |
02/15/29 |
9.344 |
295,654 |
|||||||||||||
376 |
Peraton Corp., 3 mo. USD Term SOFR + 7.750% (7) |
(NR, NR) |
02/01/29 |
13.177 |
378,621 |
|||||||||||||
1,255,575 |
||||||||||||||||||
Auto Parts & Equipment |
||||||||||||||||||
235 |
First Brands Group LLC (2021 Term Loan), 3 mo. USD Term SOFR + 5.000% (7) |
(B+, B1) |
03/30/27 |
10.591 |
234,020 |
|||||||||||||
454 |
First Brands Group LLC (2022 Incremental Term Loan), 3 mo. USD Term SOFR + 5.000% (7) |
(B+, B1) |
03/30/27 |
10.591 |
451,900 |
|||||||||||||
330 |
Jason Group, Inc., 3 mo. USD Term SOFR + 6.000%, 0.000% PIK (7),(8) |
(NR, WR) |
08/28/25 |
11.591 |
298,957 |
|||||||||||||
984,877 |
||||||||||||||||||
Building Materials |
||||||||||||||||||
526 |
Cornerstone Building Brands, Inc., 1 mo. USD Term SOFR + 5.625% (7) |
(B, B2) |
08/01/28 |
10.954 |
532,765 |
|||||||||||||
Chemicals |
||||||||||||||||||
325 |
Ascend Performance Materials Operations LLC, 3 mo. USD Term SOFR + 4.750% (7) |
(B, B1) |
08/27/26 |
10.074 |
325,036 |
|||||||||||||
769 |
Polar U.S. Borrower LLC, 3 mo. USD Term SOFR + 4.750% (7) |
(CCC, Caa1) |
10/15/25 |
10.178 |
614,940 |
|||||||||||||
161 |
SK Neptune Husky Finance SARL (5),(9),(10) |
(NR, WR) |
04/30/24 |
0.000 |
104,966 |
|||||||||||||
745 |
SK Neptune Husky Group SARL (9),(10) |
(D, WR) |
01/03/29 |
0.000 |
15,665 |
|||||||||||||
1,060,607 |
||||||||||||||||||
Diversified Capital Goods |
||||||||||||||||||
823 |
Dynacast International LLC, 3 mo. USD Term SOFR + 9.000% (7) |
(CCC-, Caa2) |
10/22/25 |
14.697 |
608,454 |
|||||||||||||
Electronics |
||||||||||||||||||
1,507 |
Idemia Group, 3 mo. USD Term SOFR + 4.250% (7) |
(B, B2) |
09/30/28 |
9.585 |
1,514,861 |
|||||||||||||
Par (000) |
Ratings † (S&P/Moody’s) |
Maturity |
Rate% |
Value |
||||||||||||||
BANK LOANS |
||||||||||||||||||
Food & Drug Retailers |
||||||||||||||||||
$ |
1,000 |
WOOF Holdings, Inc., 3 mo. USD Term SOFR + 7.250% (7) |
(CCC-, Ca) |
12/21/28 |
12.673 |
$ |
523,330 |
|||||||||||
Gas Distribution |
||||||||||||||||||
998 |
Traverse Midstream Partners LLC, 3 mo. USD Term SOFR + 3.500% (7) |
(B+, B2) |
02/16/28 |
8.830 |
1,003,579 |
|||||||||||||
Health Facilities |
||||||||||||||||||
299 |
Carestream Health, Inc., 3 mo. USD Term SOFR + 7.500% (7) |
(B-, Caa1) |
09/30/27 |
12.935 |
268,301 |
|||||||||||||
212 |
Western Dental Services, Inc. (4),(5),(11) |
(NR, NR) |
05/18/28 |
0.000 |
215,550 |
|||||||||||||
798 |
Western Dental Services, Inc., 3 mo. USD Term SOFR + 1.000%, 5.500% PIK (4),(5),(7),(8) |
(NR, NR) |
08/18/28 |
12.108 |
566,551 |
|||||||||||||
1,050,402 |
||||||||||||||||||
Health Services |
||||||||||||||||||
819 |
MedAssets Software Intermediate Holdings, Inc., 1 mo. USD Term SOFR + 6.750% (7) |
(D, Ca) |
12/17/29 |
12.208 |
566,478 |
|||||||||||||
610 |
Radiology Partners, Inc., 3 mo. USD Term SOFR + 3.500%, 1.500% PIK (7),(8) |
(B-, B3) |
01/31/29 |
10.588 |
579,875 |
|||||||||||||
794 |
U.S. Radiology Specialists, Inc., 3 mo. USD Term SOFR + 5.250% (7) |
(B-, B3) |
12/15/27 |
10.735 |
797,676 |
|||||||||||||
1,944,029 |
||||||||||||||||||
Hotels |
||||||||||||||||||
890 |
Aimbridge Acquisition Co., Inc., 1 mo. USD Term SOFR + 4.750% (7) |
(CCC+, B3) |
02/02/26 |
10.208 |
879,565 |
|||||||||||||
Life Insurance |
||||||||||||||||||
141 |
Truist Insurance Holdings LLC, 3 mo. USD Term SOFR + 4.750% (7) |
(CCC+, Caa2) |
05/06/32 |
10.085 |
144,040 |
|||||||||||||
Machinery |
||||||||||||||||||
1,398 |
LTI Holdings, Inc., 1 mo. USD Term SOFR + 6.750% (7),(12) |
(CCC+, Caa2) |
09/06/26 |
12.095 |
1,326,603 |
|||||||||||||
428 |
LTI Holdings, Inc., 1 mo. USD Term SOFR + 3.500% (7) |
(B-, B2) |
09/06/25 |
8.958 |
423,020 |
|||||||||||||
1,749,623 |
||||||||||||||||||
Media - Diversified |
||||||||||||||||||
214 |
Technicolor Creative Studios (3),(4),(5),(9),(10) |
(NR, NR) |
08/06/33 |
0.000 |
0 |
|||||||||||||
Medical Products |
||||||||||||||||||
900 |
Viant Medical Holdings, Inc., 1 mo. USD Term SOFR + 7.750% (7),(12) |
(CCC, Caa3) |
07/02/26 |
13.208 |
894,937 |
|||||||||||||
675 |
Viant Medical Holdings, Inc., 1 mo. USD Term SOFR + 6.250% (5),(7) |
(B-, B3) |
07/02/25 |
11.708 |
675,190 |
|||||||||||||
1,570,127 |
||||||||||||||||||
Packaging |
||||||||||||||||||
1,658 |
Proampac PG Borrower LLC, 3 mo. USD Term SOFR + 4.000% (7) |
(B-, B3) |
09/15/28 |
9.322-9.329 |
1,664,264 |
|||||||||||||
Personal & Household Products |
||||||||||||||||||
1,277 |
Serta Simmons Bedding LLC, 3 mo. USD Term SOFR + 7.500% (7) |
(NR, NR) |
06/29/28 |
12.949 |
1,029,196 |
|||||||||||||
139 |
Serta Simmons Bedding LLC, 3 mo. USD Term SOFR + 7.500% (5),(7) |
(NR, NR) |
06/29/28 |
12.941 |
140,055 |
|||||||||||||
1,169,251 |
||||||||||||||||||
Par (000) |
Ratings † (S&P/Moody’s) |
Maturity |
Rate% |
Value |
||||||||||||||
BANK LOANS |
||||||||||||||||||
Restaurants |
||||||||||||||||||
$ |
1,521 |
IRB Holding Corp., 1 mo. USD Term SOFR + 2.750% (7) |
(B+, B2) |
12/15/27 |
8.194 |
$ |
1,522,332 |
|||||||||||
Software - Services |
||||||||||||||||||
559 |
AQ Carver Buyer, Inc., 3 mo. USD Term SOFR + 5.500% (7) |
(B, B2) |
08/02/29 |
10.930 |
562,840 |
|||||||||||||
1,178 |
Aston FinCo SARL, 1 mo. USD Term SOFR + 4.250% (7) |
(CCC+, B3) |
10/09/26 |
9.708 |
1,090,261 |
|||||||||||||
47 |
Astra Acquisition Corp. (11) |
(NR, Caa1) |
02/25/28 |
0.000 |
43,508 |
|||||||||||||
456 |
Astra Acquisition Corp., 3 mo. USD Term SOFR + 6.750% (7) |
(NR, NR) |
02/25/28 |
12.095 |
418,466 |
|||||||||||||
615 |
Astra Acquisition Corp., 3 mo. USD Term SOFR + 5.250% (7) |
(NR, C) |
10/25/28 |
10.585 |
227,552 |
|||||||||||||
600 |
CommerceHub, Inc., 3 mo. USD Term SOFR + 7.000% (7) |
(CCC, Caa2) |
12/29/28 |
12.477 |
492,750 |
|||||||||||||
201 |
DCert Buyer, Inc., 1 mo. USD Term SOFR + 4.000% (7) |
(B-, B2) |
10/16/26 |
9.344 |
196,183 |
|||||||||||||
506 |
Perforce Software, Inc., 1 mo. USD Term SOFR + 3.750% (7) |
(B-, B2) |
07/01/26 |
9.194 |
505,396 |
|||||||||||||
377 |
Polaris Newco LLC, 1 mo. GBP LIBOR + 5.250% (6),(7) |
(B-, B2) |
06/02/28 |
10.450 |
462,799 |
|||||||||||||
708 |
Project Boost Purchaser LLC, 1 mo. USD Term SOFR + 3.500% (7) |
(B-, B2) |
06/01/26 |
8.958 |
709,245 |
|||||||||||||
341 |
Project Boost Purchaser LLC, 1 mo. USD Term SOFR + 3.500% (7) |
(B-, B2) |
05/30/26 |
8.958 |
341,800 |
|||||||||||||
1,538 |
Quest Software U.S. Holdings, Inc., 3 mo. USD Term SOFR + 4.250% (7) |
(CCC+, B3) |
02/01/29 |
9.730 |
1,146,539 |
|||||||||||||
455 |
Redstone Holdco 2 LP, 1 mo. USD Term SOFR + 4.750% (7) |
(B-, B3) |
04/27/28 |
10.208 |
410,812 |
|||||||||||||
400 |
UKG, Inc., 1 mo. USD Term SOFR + 3.250% (7) |
(B-, B2) |
02/10/31 |
8.576 |
401,966 |
|||||||||||||
7,010,117 |
||||||||||||||||||
Steel Producers/Products |
||||||||||||||||||
1,014 |
OPTA, Inc. (4),(5),(13) |
(NR, NR) |
11/09/28 |
1.000 |
998,444 |
|||||||||||||
Support - Services |
||||||||||||||||||
600 |
Gloves Buyer, Inc., 1 mo. USD Term SOFR + 4.000% (7) |
(B-, B3) |
12/29/27 |
9.458 |
597,564 |
|||||||||||||
400 |
LaserShip, Inc., 3 mo. USD Term SOFR + 7.500% (7) |
(CCC-, Caa3) |
05/07/29 |
13.096 |
292,166 |
|||||||||||||
787 |
LaserShip, Inc., 3 mo. USD Term SOFR + 4.500% (7) |
(CCC+, B3) |
05/07/28 |
10.096 |
673,079 |
|||||||||||||
212 |
LaserShip, Inc., 3 mo. USD Term SOFR + 7.000% (7) |
(NR, B3) |
09/29/27 |
12.335 |
207,088 |
|||||||||||||
400 |
TruGreen Ltd. Partnership, 3 mo. USD Term SOFR + 8.500% (7) |
(CCC, Caa3) |
11/02/28 |
14.091 |
311,000 |
|||||||||||||
2,080,897 |
||||||||||||||||||
Tech Hardware & Equipment |
||||||||||||||||||
315 |
Atlas CC Acquisition Corp. (11) |
(B, Caa1) |
05/25/28 |
0.000 |
233,430 |
|||||||||||||
64 |
Atlas CC Acquisition Corp. (11) |
(B+, B1) |
05/25/28 |
0.000 |
47,477 |
|||||||||||||
280,907 |
||||||||||||||||||
Telecom - Wireline Integrated & Services |
||||||||||||||||||
1,001 |
Patagonia Holdco LLC, 3 mo. USD Term SOFR + 5.750% (7) |
(NR, B1) |
08/01/29 |
11.073 |
955,033 |
|||||||||||||
Theaters & Entertainment (1.6%) |
||||||||||||||||||
494 |
UFC Holdings LLC, 3 mo. USD Term SOFR + 2.750% (7) |
(BB, Ba3) |
04/29/26 |
8.336 |
496,037 |
|||||||||||||
2,089 |
William Morris Endeavor Entertainment LLC, 1 mo. USD Term SOFR + 2.750% (7) |
(BB-, B3) |
05/18/25 |
8.208 |
2,095,179 |
|||||||||||||
2,591,216 |
||||||||||||||||||
TOTAL BANK LOANS |
33,094,295 |
|||||||||||||||||
Par (000) |
Ratings † (S&P/Moody’s) |
Maturity |
Rate% |
Value |
||||||||||||||
ASSET BACKED SECURITIES |
||||||||||||||||||
Collateralized Debt Obligations |
||||||||||||||||||
$ |
650 |
Anchorage Capital CLO 15 Ltd., 2020-15A, Rule 144A,3 mo. USD Term SOFR + 7.662% (1),(7) |
(NR, Ba3) |
07/20/34 |
12.986 |
$ |
643,602 |
|||||||||||
1,000 |
Anchorage Capital CLO 25 Ltd., 2022-25A, Rule 144A,3 mo. USD Term SOFR + 7.170% (1),(7) |
(NR, Ba3) |
04/20/35 |
12.495 |
1,005,312 |
|||||||||||||
780 |
Anchorage Capital Europe CLO 6 DAC, Rule 144A, 3 mo. EURIBOR + 5.000% (1),(3),(7) |
(BBB-, NR) |
01/22/38 |
8.897 |
861,542 |
|||||||||||||
500 |
Anchorage Credit Funding 4 Ltd., 2016-4A, Rule 144A(1) |
(NR, Ba3) |
04/27/39 |
6.659 |
425,314 |
|||||||||||||
750 |
Battalion CLO 18 Ltd., 2020-18A, Rule 144A, 3 mo. USD Term SOFR + 6.972%(1),(7) |
(BB-, NR) |
10/15/36 |
12.300 |
693,482 |
|||||||||||||
1,000 |
Battalion CLO XV Ltd., 2020-15A, Rule 144A, 3 mo. USD Term SOFR + 6.612%(1),(7) |
(BB-, NR) |
01/17/33 |
11.929 |
964,932 |
|||||||||||||
1,000 |
Cedar Funding VI CLO Ltd., 2016-6A, Rule 144A,3 mo. USD Term SOFR + 6.982% (1),(7) |
(BB-, NR) |
04/20/34 |
12.306 |
996,387 |
|||||||||||||
1,000 |
KKR CLO 14 Ltd., Rule 144A, 3 mo. USD Term SOFR + 6.412% (1),(7) |
(NR, B1) |
07/15/31 |
11.740 |
1,005,140 |
|||||||||||||
1,000 |
KKR CLO 16 Ltd., Rule 144A, 3 mo. USD Term SOFR + 7.372% (1),(7) |
(BB-, NR) |
10/20/34 |
12.696 |
1,001,862 |
|||||||||||||
800 |
KKR CLO 45A Ltd., Rule 144A, 3 mo. USD Term SOFR + 7.300% (1),(7) |
(NR, NR) |
04/15/35 |
12.603 |
812,058 |
|||||||||||||
1,000 |
Marble Point CLO XXIII Ltd., 2021-4A, Rule 144A,3 mo. USD Term SOFR + 6.012% (1),(7) |
(NR, Ba1) |
01/22/35 |
11.336 |
980,534 |
|||||||||||||
400 |
MP CLO III Ltd., 2013-1A, Rule 144A, 3 mo. USD Term SOFR + 3.312%(1),(7) |
(NR, Ba1) |
10/20/30 |
8.636 |
396,516 |
|||||||||||||
1,000 |
Palmer Square Credit Funding Ltd., 2019-1A, Rule 144A(1) |
(NR, Aa2) |
04/20/37 |
5.459 |
951,244 |
|||||||||||||
1,000 |
Venture 41 CLO Ltd., 2021-41A, Rule 144A, 3 mo. USD Term SOFR + 7.972%(1),(7) |
(BB-, NR) |
01/20/34 |
13.296 |
992,706 |
|||||||||||||
400 |
Vibrant CLO VII Ltd., 2017-7A, Rule 144A, 3 mo. USD Term SOFR + 3.862%(1),(7) |
(NR, Baa3) |
09/15/30 |
9.186 |
402,846 |
|||||||||||||
TOTAL ASSET BACKED SECURITIES |
12,133,477 |
|||||||||||||||||
Shares |
||||||||||||||||||
COMMON STOCKS |
||||||||||||||||||
Auto Parts & Equipment |
||||||||||||||||||
37,576 |
Jason, Inc. (9) |
338,186 |
||||||||||||||||
Chemicals |
||||||||||||||||||
46,574 |
Proppants Holdings LLC (4),(5),(12) |
931 |
||||||||||||||||
10,028 |
UTEX Industries, Inc. (9) |
377,725 |
||||||||||||||||
378,656 |
||||||||||||||||||
Personal & Household Products |
||||||||||||||||||
22,719 |
Dream Well, Inc. (9) |
147,674 |
||||||||||||||||
22,719 |
Serta Simmons Bedding Equipment Co. (4),(5),(9) |
0 |
||||||||||||||||
147,674 |
||||||||||||||||||
Pharmaceuticals |
||||||||||||||||||
45,583 |
Akorn, Inc. (9) |
1,276 |
||||||||||||||||
Private Placement |
||||||||||||||||||
36,452 |
Technicolor Creative Studios SA (9),(14) |
111,749 |
||||||||||||||||
Shares |
Value |
|||||||||||||||||
COMMON STOCKS |
||||||||||||||||||
Specialty Retail |
||||||||||||||||||
69 |
Eagle Investments Holding Co. LLC, Class B (4),(5),(9) |
$ |
1 |
|||||||||||||||
Support - Services |
||||||||||||||||||
800 |
LTR Holdings, Inc. (4),(5),(9),(12) |
1,185 |
||||||||||||||||
TOTAL COMMON STOCKS |
978,727 |
|||||||||||||||||
WARRANT |
||||||||||||||||||
Chemicals |
||||||||||||||||||
11,643 |
Project Investor Holdings LLC, expires 02/20/2022 (4),(5),(9),(12) (Cost $6,054) |
0 |
||||||||||||||||
SHORT-TERM INVESTMENTS (14.8%) |
||||||||||||||||||
11,067,999 |
State Street Institutional U.S. Government Money Market Fund—Premier Class, 5.26% |
11,067,999 |
||||||||||||||||
12,217,433 |
State Street Navigator Securities Lending Government Money Market Portfolio, 5.33% (15) |
12,217,433 |
||||||||||||||||
TOTAL SHORT-TERM INVESTMENTS |
23,285,432 |
|||||||||||||||||
TOTAL INVESTMENTS AT VALUE |
218,010,631 |
|||||||||||||||||
LIABILITIES IN EXCESS OF OTHER ASSETS (-38.2%) |
(60,262,475 |
) | ||||||||||||||||
NET ASSETS |
$ |
157,748,156 |
||||||||||||||||
† | Credit ratings given by the S&P Global Ratings Division of S&P Global Inc. (“S&P”) and Moody’s Investors Service, Inc. (“Moody’s”) are unaudited. |
(1) |
Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At June 30, 2024, these securities amounted to a value of $158,141,668 or 100.2% of net assets. |
(2) |
Security or portion thereof is out on loan (See Note 2-K). |
(3) |
This security is denominated in Euro. |
(4) |
Not readily marketable security; security is valued at fair value as determined in good faith by UBS AM as the Fund’s valuation designee under the oversight of the Board of Directors (See Note 2-A). |
(5) |
Security is valued using significant unobservable inputs. |
(6) |
This security is denominated in British Pound. |
(7) |
Variable rate obligation - The interest rate shown is the rate in effect as of June 30, 2024. The rate may be subject to a cap and floor. |
(8) |
PIK: Payment-in-kind |
(9) |
Non-income producing security. |
(10) |
Bond is currently in default. |
(11) |
The rates on 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 above. The interest rate shown is the rate in effect as of June 30, 2024. |
(12) |
Illiquid security. |
(13) |
All or a portion is an unfunded loan commitment (See note 2-J). |
(14) |
Security is held through holdings of 100 shares of the CIG Special Purpose SPC - Credit Suisse Asset Management Income Fund Segregated Portfolio, an affiliated entity. |
(15) |
Represents security purchased with cash collateral received for securities on loan. |
Forward Currency to be Purchased |
Forward Currency to be Sold |
Expiration Date |
Counterparty |
Value on Settlement Date |
Current Value/Notional |
Unrealized Appreciation |
||||||||||||||||||||||
GBP |
19,888 | USD | 24,903 | 10/07/24 | Deutsche Bank AG | $ | 24,903 | $ | 25,159 | $ | 256 | |||||||||||||||||
GBP |
22,053 | USD | 27,099 | 10/07/24 | Morgan Stanley | 27,099 | 27,897 | 798 | ||||||||||||||||||||
USD |
58,938 | EUR | 52,996 | 10/07/24 | Barclays Bank PLC | (58,938 | ) | (57,063 | ) | 1,875 | ||||||||||||||||||
USD |
943,633 | EUR | 861,395 | 10/07/24 | Deutsche Bank AG | (943,634 | ) | (927,507 | ) | 16,127 | ||||||||||||||||||
Total Unrealized Appreciation |
$ | 19,056 | ||||||||||||||||||||||||||
Forward Currency to be Purchased |
Forward Currency to be Sold |
Expiration Date |
Counterparty |
Value on Settlement Date |
Current Value/Notional |
Unrealized Depreciation |
||||||||||||||||||||||
EUR |
445,332 | USD | 488,656 | 10/07/24 | Deutsche Bank AG | $ | 488,656 | $ | 479,511 | $ | (9,145 | ) | ||||||||||||||||
EUR |
42,239 | USD | 46,270 | 10/07/24 | Morgan Stanley | 46,270 | 45,481 | (789 | ) | |||||||||||||||||||
USD |
1,579,319 | EUR | 1,473,321 | 10/07/24 | Morgan Stanley | (1,579,319 | ) | (1,586,398 | ) | (7,079 | ) | |||||||||||||||||
USD |
29,458 | GBP | 23,495 | 10/07/24 | Barclays Bank PLC | (29,458 | ) | (29,721 | ) | (263 | ) | |||||||||||||||||
USD |
57,654 | GBP | 45,812 | 10/07/24 | Deutsche Bank AG | (57,654 | ) | (57,952 | ) | (298 | ) | |||||||||||||||||
USD |
1,045,770 | GBP | 845,951 | 10/07/24 | Morgan Stanley | (1,045,770 | ) | (1,070,124 | ) | (24,354 | ) | |||||||||||||||||
Total Unrealized Depreciation |
$ | (41,928 | ) | |||||||||||||||||||||||||
Total Net Unrealized Appreciation/(Depreciation) |
$ | (22,872 | ) | |||||||||||||||||||||||||
Assets |
||||
Investments at value, including collateral for securities on loan of $12,217,433 (Cost $225,512,280) (Note 2) |
$ |
218,010,631 |
1 | |
Cash |
1,587 |
|||
Foreign currency at value (Cost $22,117) |
21,972 |
|||
Interest receivable |
3,620,872 |
|||
Receivable for investments sold |
2,543,668 |
|||
Deferred offering costs (Note 7) |
659,123 |
|||
Unrealized appreciation on forward foreign currency contracts (Note 2) |
19,056 |
|||
Prepaid expenses and other assets |
17,357 |
|||
Total assets |
224,894,266 |
|||
Liabilities |
||||
Investment advisory fee payable (Note 3) |
193,485 |
|||
Administrative services fee payable (Note 3) |
21,143 |
|||
Loan payable (Note 4) |
52,500,000 |
|||
Payable upon return of securities loaned (Note 2) |
12,217,433 |
|||
Unfunded loan commitments (Note 2) |
1,013,649 |
|||
Payable for investments purchased |
733,362 |
|||
Interest payable (Note 4) |
251,203 |
|||
Directors’ fee payable |
43,683 |
|||
Unrealized depreciation on forward foreign currency contracts (Note 2) |
41,928 |
|||
Accrued expenses |
130,224 |
|||
Total liabilities |
67,146,110 |
|||
Net Assets |
||||
Applicable to |
$ |
157,748,156 |
||
Net Assets |
||||
Capital stock, $.001 par value (Note 6) |
53,266 |
|||
Paid-in capital (Note 6) |
194,508,088 |
|||
Total distributable earnings (loss) |
(36,813,198 |
) | ||
Net assets |
$ |
157,748,156 |
||
Net Asset Value Per Share |
$2.96 |
|||
Market Price Per Share |
$2.97 |
|||
1 |
Includes $11,980,176 of securities on loan. |
Investment Income |
||||
Interest |
$ |
8,940,112 |
||
Other Income |
4,021 |
|||
Dividends |
3,435 |
|||
Securities lending (net of rebates) |
51,297 |
|||
Total investment income |
8,998,865 |
|||
Expenses |
||||
Investment advisory fees (Note 3) |
388,472 |
|||
Administrative services fees (Note 3) |
32,802 |
|||
Interest expense (Note 4) |
1,654,680 |
|||
Directors’ fees |
72,879 |
|||
Commitment fees (Note 4) |
43,774 |
|||
Printing fees |
39,510 |
|||
Custodian fees |
33,367 |
|||
Audit and tax fees |
27,682 |
|||
Legal fees |
26,432 |
|||
Transfer agent fees |
24,217 |
|||
Stock exchange listing fees |
8,381 |
|||
Insurance expense |
2,629 |
|||
Miscellaneous expense |
4,259 |
|||
Total expenses |
2,359,084 |
|||
Net investment income |
6,639,781 |
|||
Net Realized and Unrealized Gain (Loss) from Investments, Foreign Currency and Forward Foreign Currency Contracts |
||||
Net realized loss from investments |
(1,724,248 |
) | ||
Net realized loss from foreign currency transactions |
(8,924 |
) | ||
Net realized gain from forward foreign currency contracts |
8,471 |
|||
Net change in unrealized appreciation (depreciation) from investments |
2,323,827 |
|||
Net change in unrealized appreciation (depreciation) from foreign currency translations |
(566 |
) | ||
Net change in unrealized appreciation (depreciation) from forward foreign currency contracts |
83,330 |
|||
Net realized and unrealized gain from investments, foreign currency transactions and forward foreign currency contracts |
681,890 |
|||
Net increase in net assets resulting from operations |
$ |
7,321,671 |
||
For the Six Months Ended June 30, 2024 (unaudited) |
For the Year Ended December 31, 2023 |
|||||||
From Operations |
||||||||
Net investment income |
$ |
6,639,781 |
$ |
13,108,888 |
||||
Net realized loss from investments, foreign currency transactions and forward foreign currency contracts |
(1,724,701 |
) |
(11,717,283 |
) | ||||
Net change in unrealized appreciation (depreciation) from investments, foreign currency translations and forward foreign currency contracts |
2,406,591 |
24,611,831 |
||||||
Net increase in net assets resulting from operations |
7,321,671 |
26,003,436 |
||||||
From Distributions |
||||||||
From distributable earnings |
(7,174,551 |
) |
(12,989,932 |
) | ||||
Return of capital |
— |
(1,224,299 |
) | |||||
Net decrease in net assets resulting from distributions |
(7,174,551 |
) |
(14,214,231 |
) | ||||
From Capital Share Transactions |
||||||||
Net proceeds from at-the-market |
1,364,877 |
369,408 |
||||||
Reinvestment of distributions |
81,543 |
81,972 |
||||||
Net increase in net assets from capital share transactions |
1,446,420 |
451,380 |
||||||
Net increase in net assets |
1,593,540 |
12,240,585 |
||||||
Net Assets |
||||||||
Beginning of period |
156,154,616 |
143,914,031 |
||||||
End of period |
$ |
157,748,156 |
$ |
156,154,616 |
||||
Reconciliation of Net Increase in Net Assets from Operations to Net Cash Provided by Operating Activities |
||||||||
Net increase in net assets resulting from operations |
$ |
7,321,671 |
||||||
Adjustments to Reconcile Net Increase in Net Assets from Operations to Net Cash Provided by Operating Activities |
||||||||
Decrease in interest receivable |
$ |
14,172 |
||||||
Increase in accrued expenses |
39,761 |
|||||||
Increase in payable upon return of securities loaned |
5,047,513 |
|||||||
Increase in interest payable |
26,178 |
|||||||
Decrease in commitment fees payable |
(12,073 |
) |
||||||
Increase in prepaid expenses and other assets |
(6,575 |
) |
||||||
Increase in deferred offering cost |
(72,206 |
) |
||||||
Increase in unfunded loan commitments |
1,013,649 |
|||||||
Increase in investment advisory fee payable |
14,145 |
|||||||
Net amortization of a premium or accretion of a discount on investments |
(825,100 |
) |
||||||
Purchases of long-term securities, net of change in payable for investments purchased |
(56,501,065 |
) |
||||||
Sales of long-term securities, net of change in receivable for investments sold |
65,087,765 |
|||||||
Net proceeds from sales (purchases) of short-term securities |
(15,059,104 |
) |
||||||
Net change in unrealized (appreciation) depreciation from investments and forward foreign currency contracts |
(2,407,157 |
) |
||||||
Net realized loss from investments |
1,724,248 |
|||||||
Total adjustments |
(1,915,849 |
) | ||||||
Net cash provided by operating activities 1 |
$ |
5,405,822 |
||||||
Cash Flows From Financing Activities |
||||||||
Proceeds from the sale of shares |
1,515,760 |
|||||||
Cash distributions paid |
(7,093,008 |
) |
||||||
Net cash used in financing activities |
(5,577,248 |
) | ||||||
Net decrease in cash |
(171,426 |
) | ||||||
Cash — beginning of period |
194,985 |
|||||||
Cash — end of period |
$ |
23,559 |
||||||
Non-Cash Activity: |
||||||||
Issuance of shares through dividend reinvestments |
$ |
81,543 |
||||||
1 |
Included in net cash provided by operating activities is cash of $1,628,502 paid for interest on borrowings. |
For the Six Months Ended June 30, 2024 (unaudited) |
For the Year Ended December 31, |
|||||||||||||||||||||||
2023 |
2022 |
2021 |
2020 |
2019 |
||||||||||||||||||||
Per share operating performance |
||||||||||||||||||||||||
Net asset value, beginning of period |
$ |
2.96 |
$ |
2.73 |
$ |
3.43 |
$ |
3.42 |
$ |
3.48 |
$ |
3.21 |
||||||||||||
INVESTMENT OPERATIONS |
||||||||||||||||||||||||
Net investment income 1 |
0.12 |
0.25 |
0.23 |
0.23 |
0.27 |
0.26 |
||||||||||||||||||
Net gain (loss) from investments, foreign currency transactions and forward foreign currency contracts (both realized and unrealized) |
0.02 |
0.25 |
(0.66 |
) |
0.05 |
(0.06 |
) |
0.28 |
||||||||||||||||
Total from investment activities |
0.14 |
0.50 |
(0.43 |
) |
0.28 |
0.21 |
0.54 |
|||||||||||||||||
LESS DIVIDENDS AND DISTRIBUTIONS |
||||||||||||||||||||||||
Dividends from net investment income |
(0.14 |
) |
(0.25 |
) |
(0.23 |
) |
(0.24 |
) |
(0.27 |
) |
(0.27 |
) | ||||||||||||
Return of capital |
— |
(0.02 |
) |
(0.04 |
) |
(0.03 |
) |
— |
(0.00 |
) 2 | ||||||||||||||
Total dividends and distributions |
(0.14 |
) |
(0.27 |
) |
(0.27 |
) |
(0.27 |
) |
(0.27 |
) |
(0.27 |
) | ||||||||||||
Net asset value, end of period |
$ |
2.96 |
$ |
2.96 |
$ |
2.73 |
$ |
3.43 |
$ |
3.42 |
$ |
3.48 |
||||||||||||
Per share market value, end of period |
$ |
2.97 |
$ |
3.13 |
$ |
2.52 |
$ |
3.43 |
$ |
3.15 |
$ |
3.22 |
||||||||||||
TOTAL INVESTMENT RETURN 3 |
||||||||||||||||||||||||
Net asset value |
4.66 |
% |
19.65 |
% |
(12.46 |
)% |
8.51 |
% |
8.08 |
% |
18.17 |
% | ||||||||||||
Market value |
(0.69 |
)% |
37.07 |
% |
(19.19 |
)% |
17.82 |
% |
7.58 |
% |
26.71 |
% | ||||||||||||
RATIOS AND SUPPLEMENTAL DATA |
||||||||||||||||||||||||
Net assets, end of period (000s omitted) |
$ |
157,748 |
$ |
156,155 |
$ |
143,914 |
$ |
179,614 |
$ |
178,641 |
$ |
182,030 |
||||||||||||
Ratio of net expenses to average net assets |
3.02 |
% 4 |
3.10 |
% |
1.91 |
% |
1.07 |
% |
1.25 |
% |
1.92 |
% | ||||||||||||
Ratio of net expenses to average net assets excluding interest expense |
0.90 |
% 4 |
0.88 |
% |
0.89 |
% |
0.80 |
% |
0.75 |
% |
0.78 |
% | ||||||||||||
Ratio of net investment income to average net assets |
8.50 |
% 4 |
8.79 |
% |
7.79 |
% |
6.70 |
% |
8.55 |
% |
7.59 |
% | ||||||||||||
Asset Coverage per $1,000 of Indebtedness |
$ |
4,005 |
$ |
3,974 |
$ |
3,379 |
$ |
4,070 |
$ |
4,162 |
$ |
4,021 |
||||||||||||
Outstanding senior securities (000s omiited) |
$ |
52,500 |
$ |
52,500 |
$ |
60,500 |
$ |
58,500 |
$ |
56,500 |
$ |
60,250 |
||||||||||||
Portfolio turnover rate 5 |
27 |
% |
39 |
% |
42 |
% |
53 |
% |
36 |
% |
35 |
% |
1 |
Per share information is calculated using the average shares outstanding method. |
2 |
This amount represents less than $(0.01) per share. |
3 |
Total investment return at net asset value is based on changes in the net asset value of Fund shares and assumes reinvestment of distributions, if any, at actual prices pursuant to the fund’s dividend reinvestment program. Total investment return at market value is based on changes in the market price at which the Fund’s shares traded on the stock exchange during the period and assumes reinvestment of distributions, if any, at actual prices pursuant to the Fund’s dividend reinvestment program. Because the Fund’s shares trade in the stock market based on investor demand, the Fund may trade at a price higher or lower than its NAV. Therefore, returns are calculated based on NAV and market price. Total returns for periods less than one year are not annualized. |
4 |
Annualized. |
5 |
Portfolio turnover is calculated by dividing the lesser of total purchases or sales of portfolio securities for the reporting period by the monthly average of portfolio securities owned during the reporting period. Excluded from both the numerator and denominator are amounts relating to derivatives and securities whose maturities or expiration dates at the time of acquisition were one year or less. |
For the Year Ended December 31, |
||||||||||||||||||||
2018 |
2017 |
2016 |
2015 |
2014 |
||||||||||||||||
Per share operating performance |
||||||||||||||||||||
Net asset value, beginning of year |
$ |
3.58 |
$ |
3.48 |
$ |
3.21 |
$ |
3.62 |
$ |
3.84 |
||||||||||
INVESTMENT OPERATIONS |
||||||||||||||||||||
Net investment income 1 |
0.27 |
0.24 |
0.25 |
0.25 |
0.25 |
|||||||||||||||
Net gain (loss) on investments, foreign currency transactions and forward foreign currency contracts (both realized and unrealized) |
(0.37 |
) |
0.12 |
0.28 |
(0.40 |
) |
(0.19 |
) | ||||||||||||
Total from investment activities |
(0.10 |
) |
0.36 |
0.53 |
(0.15 |
) |
0.06 |
|||||||||||||
LESS DIVIDENDS AND DISTRIBUTIONS |
||||||||||||||||||||
Dividends from net investment income |
(0.27 |
) |
(0.24 |
) |
(0.25 |
) |
(0.26 |
) |
(0.27 |
) | ||||||||||
Return of capital |
— |
(0.02 |
) |
(0.01 |
) |
— |
(0.01 |
) | ||||||||||||
Total dividends and distributions |
(0.27 |
) |
(0.26 |
) |
(0.26 |
) |
(0.26 |
) |
(0.28 |
) | ||||||||||
Net asset value, end of year |
$ |
3.21 |
$ |
3.58 |
$ |
3.48 |
$ |
3.21 |
$ |
3.62 |
||||||||||
Per share market value, end of year |
$ |
2.77 |
$ |
3.31 |
$ |
3.16 |
$ |
2.78 |
$ |
3.29 |
||||||||||
TOTAL INVESTMENT RETURN 2 |
||||||||||||||||||||
Net asset value |
(2.39 |
)% |
11.34 |
% |
18.64 |
% |
(3.35 |
)% |
1.92 |
% | ||||||||||
Market value |
(8.89 |
)% |
13.37 |
% |
24.39 |
% |
(7.90 |
)% |
(0.09 |
)% | ||||||||||
RATIOS AND SUPPLEMENTAL DATA |
||||||||||||||||||||
Net assets, end of year (000s omitted) |
$ |
167,897 |
$ |
187,472 |
$ |
182,019 |
$ |
167,848 |
$ |
189,343 |
||||||||||
Ratio of expenses to average net assets |
1.82 |
% |
1.06 |
% |
0.74 |
% |
0.66 |
% |
0.71 |
% | ||||||||||
Ratio of expenses to average net assets excluding interest expense |
0.78 |
% |
0.90 |
% |
0.74 |
% |
0.66 |
% |
0.71 |
% 3 | ||||||||||
Ratio of net investment income to average net assets |
7.83 |
% |
6.75 |
% |
7.66 |
% |
7.21 |
% |
6.60 |
% | ||||||||||
Asset Coverage per $1,000 of Indebtedness |
$ |
3,373 |
$ |
5,075 |
$ |
— |
$ |
— |
$ |
— |
||||||||||
Outstanding senior securities (000s omitted) |
$ |
70,750 |
$ |
46,000 |
$ |
— |
$ |
— |
$ |
— |
||||||||||
Portfolio turnover rate 4 |
39 |
% |
64 |
% |
53 |
% |
51 |
% |
67 |
% |
1 |
Per share information is calculated using the average shares outstanding method. |
2 |
Total investment return at net asset value is based on the change in the net asset value of Fund shares and assumes reinvestment of distributions, if any, at actual prices pursuant to the Fund’s dividend reinvestment program. Total investment return at market value is based on the change in the market price at which the Fund’s shares traded on the stock exchange during the period and assumes reinvestment of distributions, if any, at actual prices pursuant to the Fund’s dividend reinvestment program. Because the Fund’s shares trade in the stock market based on investor demand, the Fund may trade at a price higher or lower than its NAV. Therefore, returns are calculated based on NAV and market price. |
3 |
Presentation of 2014 adjusted to conform with current period presentation. |
4 |
Portfolio turnover is calculated by dividing the lesser of total purchases or sales of portfolio securities for the reporting period by the monthly average of portfolio securities owned during the reporting period. Excluded from both the numerator and denominator are amounts relating to derivatives and securities whose maturities or expiration dates at the time of acquisition were one year or less. |
• | Level 1 — quoted prices in active markets for identical investments |
• | Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.) |
• | Level 3 — significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments) |
Assets |
Level 1 |
Level 2 |
Level 3 |
Total |
||||||||||||
Investments in Securities |
||||||||||||||||
Corporate Bonds |
$ | — | $ | 148,361,999 | $ | 156,701 | $ | 148,518,700 | ||||||||
Bank Loans |
— | 30,393,539 | 2,700,756 | 33,094,295 | ||||||||||||
Asset Backed Securities |
— | 12,133,477 | — | 12,133,477 | ||||||||||||
Common Stocks |
111,749 | 864,861 | 2,117 | 978,727 | ||||||||||||
Warrants |
— | — | 0 | 0 | ||||||||||||
Short-term Investments |
23,285,432 | — | — | 23,285,432 | ||||||||||||
$ | 23,397,181 | $ | 191,753,876 | $ | 2,859,574 | $ | 218,010,631 | |||||||||
Other Financial Instruments* |
||||||||||||||||
Forward Foreign Currency Contracts |
$ | — | $ | 19,056 | $ | — | $ | 19,056 | ||||||||
Liabilities |
||||||||||||||||
Other Financial Instruments* |
||||||||||||||||
Forward Foreign Currency Contracts |
$ | — | $ | 41,928 | $ | — | $ | 41,928 | ||||||||
* | Other financial instruments include unrealized appreciation (depreciation) on forward foreign currency contracts. |
Corporate Bonds |
Bank Loans |
Asset Backed Securities |
Common Stocks |
Warrant |
Total |
|||||||||||||||||||
Balance as of December 31, 2023 |
$ | 70,929 | $ | 3,038,275 | $ | 861,627 | $ | 935,723 | $ | 0 | $ | 4,906,554 | ||||||||||||
Accrued discounts (premiums) |
— | 23,973 | — | — | — | 23,973 | ||||||||||||||||||
Purchases |
93,370 | 1,970,997 | — | — | — | 2,064,367 | ||||||||||||||||||
Sales |
— | (1,781,388 | ) | — | (70 | ) | — | (1,781,458 | ) | |||||||||||||||
Realized gain (loss) |
— | (523,511 | ) | — | (9,011 | ) | — | (532,522 | ) | |||||||||||||||
Change in unrealized appreciation (depreciation) |
(7,598 | ) | 179,498 | (85 | ) | (208,614 | ) | — | (36,799 | ) | ||||||||||||||
Transfers into Level 3 |
— | — | — | — | — | — | ||||||||||||||||||
Transfers out of Level 3 |
— | (207,088 | ) | (861,542 | ) | (715,911 | ) | — | (1,784,541 | ) | ||||||||||||||
Balance as of June 30, 2024 |
$ | 156,701 | $ | 2,700,756 | $ | 0 | $ | 2,117 | $ | 0 | $ | 2,859,574 | ||||||||||||
Net change in unrealized appreciation (depreciation) from investments still held as of June 30, 2024 |
$ | (7,598 | ) | $ | (49,276 | ) | $ | — | $ | — | $ | — | $ | (56,874 | ) |
Asset Class |
Fair Value At June 30, 2024 |
Valuation Technique |
Unobservable Input |
Price Range (Weighted Average)* | |||||||||||||
Bank Loans |
$1,702,313 | Vendor pricing | Single Broker Quote | $0.65-$1.02 ($0.88) | |||||||||||||
998,443 | Recent Transactions | Trade Price | 0.98 (0.98) | ||||||||||||||
0 | Income Approach | |
Expected Remaining Distribution |
0.00 (N/A) | |||||||||||||
Corporate Bonds |
93,340 | Recent Transactions | Trade Price | 1.05-1.07 (1.06) | |||||||||||||
63,361 | Income Approach | |
Expected Remaining Distribution |
0.51-0.56 (0.53) | |||||||||||||
Common Stocks |
2,117 | Income Approach | |
Expected Remaining Distribution |
0.00-1.48 (0.84) | ||||||||||||
Warrant |
0 | Income Approach | |
Expected Remaining Distribution |
0.00 (N/A) |
* | Weighted by relative fair value |
Primary Underlying Risk |
Derivative Assets |
Derivative Liabilities |
Realized Gain (Loss) |
Net Change in Unrealized Appreciation (Depreciation) |
||||||||||||
Foreign currency exchange rate Forward contracts |
$ | 19,056 | $ | 41,928 | $ | 8,471 | $ | 83,330 |
Counterparty |
Gross Amount of Derivative Assets Presented in the Statement of Assets and Liabilities (a) |
Financial Instruments and Derivatives Available for Offset |
Non-Cash Collateral Received |
Cash Collateral Received |
Net Amount of Derivative Assets |
|||||||||||||||
Barclays Bank PLC |
$ | 1,875 | $ | (263 | ) | $ | — | $ | — | $ | 1,612 | |||||||||
Deutsche Bank AG |
16,383 | (9,443 | ) | — | — | 6,940 | ||||||||||||||
Morgan Stanley |
798 | (798 | ) | — | — | — | ||||||||||||||
$ | 19,056 | $ | (10,504 | ) | $ | — | $ | — | $ | 8,552 | ||||||||||
Counterparty |
Gross Amount of Derivative Liabilities Presented in the Statement of Assets and Liabilities (a) |
Financial Instruments and Derivatives Available for Offset |
Non-Cash Collateral Pledged |
Cash Collateral Pledged |
Net Amount of Derivative Liabilities |
|||||||||||||||
Barclays Bank PLC |
$ | 263 | $ | (263 | ) | $ | — | $ | — | $ | — | |||||||||
Deutsche Bank AG |
9,443 | (9,443 | ) | — | — | — | ||||||||||||||
Morgan Stanley |
32,222 | (798 | ) | — | — | 31,424 | ||||||||||||||
$ | 41,928 | $ | (10,504 | ) | $ | — | $ | — | $ | 31,424 | ||||||||||
(a) |
Forward foreign currency contracts are included. |
Borrower |
Maturity |
Rate |
Unfunded Commitment |
|||||||||
OPTA, Inc. |
11/09/28 | 1.000 | % | $ | 1,013,649 |
Market Value of Loaned Securities |
Market Value of Cash Collateral |
Total Collateral |
||||||||
$ | 11,980,176 | $ | 12,217,433 | $ | 12,217,433 |
Gross Asset Amounts Presented in the Statement of Assets and Liabilities (a) |
Collateral Received (b) |
Net Amount |
||||||||
$ | 11,980,176 | $ | (11,980,176 | ) | $ | — |
(a) |
Represents market value of loaned securities at period end. |
(b) |
The actual collateral received is greater than the amount shown here due to collateral requirements of the security lending agreement. |
Average Daily Loan Balance |
Weighted Average Interest Rate % |
Maximum Daily Loan Outstanding |
Interest Expense |
Number of Days Outstanding |
||||||||||||||
$ | 52,500,000 | 6.233 | % | $ | 52,500,000 | $ | 1,654,680 | 182 |
Investment Securities |
U.S. Government/ Agency Obligations |
|||||||||||||
Purchases |
Sales |
Purchases |
Sales |
|||||||||||
$ | 54,858,875 | $ | 66,930,469 | $ | 0 | $ | 0 |
For the Six Months Ended June 30, 2024 |
For the Year Ended December 31, 2023 |
|||||||
Shares issued through at-the-market |
454,352 | 122,441 | ||||||
Shares issued through reinvestment of dividends |
27,530 | 28,627 | ||||||
Net increase |
481,882 | 151,068 | ||||||
NAME OF DIRECTOR | FOR |
WITHHELD | ||
Mahendra Gupta |
35,154,871 | 2,614,467 | ||
John Popp |
35,155,597 | 2,613,741 |
• | Information we receive from you on applications, forms, agreements, questionnaires, Credit Suisse websites and other websites that are part of our investment program, or in the course of establishing or maintaining a customer relationship, such as your name, address, e-mail address, Social Security number, assets, income, financial situation; and |
• | Information we obtain from your transactions and experiences with us, our affiliates, or others, such as your account balances or other investment information, assets purchased and sold, and other parties to a transaction, where applicable. |
• | We do not disclose nonpublic personal information about our individual investors, except as permitted or required by law or regulation. Whether you are an individual investor or institutional investor, we may share the information described above with our affiliates that perform services on our behalf, and with our asset management and private banking affiliates; as well as with unaffiliated third parties that perform services on our behalf, such as our accountants, auditors, attorneys, broker-dealers, fund administrators, and other service providers. |
• | We want our investors to be informed about additional products or services. We do not disclose nonpublic personal information relating to individual investors to our affiliates for marketing purposes, nor do we use such information received from our affiliates to solicit individual investors for such purposes. Whether you are an individual investor or an institutional investor, we may disclose information, including nonpublic personal information, regarding our transactions and experiences with you to our affiliates. |
• | In addition, whether you are an individual investor or an institutional investor, we reserve the right to disclose information, including nonpublic personal information, about you to any person or entity, including without limitation any governmental agency, regulatory authority or self-regulatory organization having jurisdiction over us or our affiliates, if (i) we determine in our discretion that such disclosure is necessary or advisable pursuant to or in connection with any United States federal, state or local, or non-U.S., court order (or other legal process), law, rule, regulation, or executive order or policy, including without limitation any anti-money laundering law or the USA PATRIOT Act of 2001; and (ii) such disclosure is not otherwise prohibited by law, rule, regulation, or executive order or policy. |
• | To protect nonpublic personal information about individual investors, we restrict access to those employees and agents who need to know that information to provide products or services to us and to our investors. We maintain physical, electronic, and procedural safeguards to protect nonpublic personal information. |
• | By calling 1-800-293-1232 |
• | On the Fund’s website, www.credit-suisse.com/us/funds |
• | On the website of the Securities and Exchange Commission, www.sec.gov |
Credit Suisse Commodity Return Strategy Fund | Credit Suisse Strategic Income Fund | |
Credit Suisse Floating Rate High Income Fund | Credit Suisse Managed Futures Strategy Fund | |
Credit Suisse Multialternative Strategy Fund | Credit Suisse Trust Commodity Return Strategy Portfolio |
By Internet: | www.computershare.com |
By phone: | (800) 730-6001 (U.S. and Canada) |
(781) 575-3100 (Outside U.S. and Canada) |
By mail: | Credit Suisse Asset Management Income Fund, Inc. |
c/o Computershare |
P.O. Box 43006 |
Providence, RI 02940-3078 |
Computershare |
150 Royall St., Suite 101 |
Canton, MA 02021 |
Item 2. Code of Ethics.
This item is inapplicable to a semi-annual report on Form N-CSR.
Item 3. Audit Committee Financial Expert.
This item is inapplicable to a semi-annual report on Form N-CSR.
Item 4. Principal Accountant Fees and Services.
This item is inapplicable to a semi-annual report on Form N-CSR.
Item 5. Audit Committee of Listed Registrants.
(a) | This item is inapplicable to a semi-annual report on Form N-CSR. |
(b) | Not applicable to the Registrant. |
Item 6. Investments.
(a) | The complete schedule of investments for the Registrant is disclosed in the Registrant’s semi-annual report, which is included in Item 1 of this Form N-CSR. |
(b) | Not applicable to the Registrant. |
Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.
Not applicable to the Registrant.
Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.
Not applicable to the Registrant.
Item 9. Proxy Disclosure for Open-End Management Investment Companies.
Not applicable to the Registrant.
Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.
Not applicable to the Registrant.
Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.
Not applicable.
Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
This item is inapplicable to a semi-annual report on Form N-CSR.
Item 13. Portfolio Managers of Closed-End Management Investment Companies.
(a) | This item is inapplicable to a semi-annual report on Form N-CSR. |
(b) | There have been no changes in any of the Portfolio Managers since the Registrant’s most recent annual report on Form N-CSR. |
Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
None.
Item 15. Submission of Matters to a Vote of Security Holders.
There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant’s board of directors since the registrant last provided disclosure in response to the requirements of Item 7(d)(2)(ii)(g) of Schedule 14A in its definitive proxy statement dated March 20, 2024.
Item 16. Controls and Procedures.
(a) As of a date within 90 days from the filing date of this report, the principal executive officer and principal financial officer concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “Act”)) were effective based on their evaluation of the disclosure controls and procedures required by Rule 30a-3(b) under the Act and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934.
(b) There were no changes in registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the registrant’s most recent fiscal half-year that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.
Item 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
This item is inapplicable to a semi-annual report on Form N-CSR.
Item 18. Recovery of Erroneously Awarded Compensation.
Not applicable to the Registrant.
Item 19. Exhibits.
(a)(1) Not applicable.
(a)(2) Not applicable.
(a)(4) Not applicable.
(a)(5) Change in the registrant’s independent registered public accountant during the reporting period.
(c) Not applicable
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
CREDIT SUISSE ASSET MANAGEMENT INCOME FUND, INC.
/s/ Omar Tariq | ||
Name: Omar Tariq | ||
Title: Chief Executive Officer and President | ||
(Principal Executive Officer) | ||
Date: August 30, 2024 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
/s/ Omar Tariq | ||
Name: Omar Tariq | ||
Title: Chief Executive Officer and President | ||
(Principal Executive Officer) | ||
Date: August 30, 2024 |
/s/ Rose Ann Bubloski | ||
Name: Rose Ann Bubloski | ||
Title: Chief Financial Officer and Treasurer | ||
(Principal Financial Officer) | ||
Date: August 30, 2024 |
EX-99.CERT
EXHIBIT 19(a)(3)
CERTIFICATIONS
I, Rose Ann Bubloski, certify that:
1. I have reviewed this report on Form N-CSR of Credit Suisse Asset Management Income Fund, Inc.;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;
4. The registrants other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c) Evaluated the effectiveness of the registrants disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and
(d) Disclosed in this report any change in the registrants internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting; and
5. The registrants other certifying officer(s) and I have disclosed to the registrants auditors and the audit committee of the registrants board of directors (or persons performing the equivalent functions):
(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrants ability to record, process, summarize, and report financial information; and
(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrants internal control over financial reporting.
Date: August 30, 2024
/s/ Rose Ann Bubloski |
Rose Ann Bubloski |
Chief Financial Officer and Treasurer |
(Principal Financial Officer) |
I, Omar Tariq, certify that:
1. I have reviewed this report on Form N-CSR of Credit Suisse Asset Management Income Fund, Inc.;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;
4. The registrants other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c) Evaluated the effectiveness of the registrants disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and
(d) Disclosed in this report any change in the registrants internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting; and
5. The registrants other certifying officer(s) and I have disclosed to the registrants auditors and the audit committee of the registrants board of directors (or persons performing the equivalent functions):
(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrants ability to record, process, summarize, and report financial information; and
(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrants internal control over financial reporting.
Date: August 30, 2024 |
/s/ Omar Tariq |
Omar Tariq |
Chief Executive Officer and President |
(Principal Executive Officer) |
EX-99.906CERT
EXHIBIT 19(b)
SECTION 906 CERTIFICATIONS
SECTION 906 CERTIFICATION
Omar Tariq, Chief Executive Officer and President, and Rose Ann Bubloski, Chief Financial Officer and Treasurer, of Credit Suisse Asset Management Income Fund, Inc. (the Fund), each certify to his or her knowledge that:
(1) The Funds periodic report on Form N-CSR for the period ended June 30, 2024 (the Report) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Fund.
/s/ Omar Tariq | /s/ Rose Ann Bubloski | |
Omar Tariq | Rose Ann Bubloski | |
Chief Executive Officer and President | Chief Financial Officer and Treasurer | |
(Principal Executive Officer) | (Principal Financial Officer) | |
August 30, 2024 | August 30, 2024 |
A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to the Fund and will be retained by the Fund and furnished to the Securities and Exchange Commission or its staff upon request.
Exhibit 19(a)(5) Changes in the registrants independent public accountant.
There was a change in the registrants independent public accountant during the reporting period. Per the instructions to Item 19 of Form N-CSR regarding changes in the registrants independent public accountant.
Changes in Registrants Certifying Accountant.
(a) Dismissal of independent registered public accounting firm
On April 23, 2024, the Board of Directors (the Board) of Credit Suisse Asset Management Income Fund, Inc. (the Fund) approved the dismissal of PricewaterhouseCoopers LLP (PwC) as the independent registered public accounting firm for the Fund, due to PwCs ceasing to be deemed an independent registered public accounting firm with respect to the Fund after April 30, 2024. The Boards decision to approve the dismissal of PwC was recommended by the Audit Committee of the Board.
The reports of PwC on the Funds financial statements as of and for the two most recent fiscal years ended December 31, 2023 and December 31, 2022 did not contain an adverse opinion or a disclaimer of opinion, and were not qualified or modified as to uncertainties, audit scope or accounting principles.
During the Funds two most recent fiscal years ended December 31, 2023 and December 31, 2022 and during the period from the end of the most recently completed fiscal year through April 30, 2024, there were no disagreements between the Fund and PwC on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of PwC, would have caused them to make reference to the subject matter of the disagreements in their report on the financial statements of the Fund for such periods.
During the Funds two most recent fiscal years ended December 31, 2023 and December 31, 2022 and during the period from the end of the most recently completed fiscal year through April 30, 2024, there were no reportable events (as defined in Item 304(a)(1)(v) of Regulation S-K under the Securities Exchange Act of 1934, as amended (the 1934 Act)).
The Fund previously provided PwC with a copy of the foregoing disclosure and requested that PwC furnish the Fund with a letter addressed to the Securities and Exchange Commission stating whether or not its agrees with the statements made by the Fund set forth above. A copy of PwCs letter dated May 2, 2024 is filed as an Exhibit to this Form N-CSR.
(b) Engagement of new independent registered public accounting firm
Effective June 19, 2024, Ernst & Young LLP (EY) was engaged as the independent registered public accounting firm for Credit Suisse Asset Management Income Fund, Inc. (the Fund) for the fiscal year ending December 31, 2024. The engagement of EY was previously approved by the Funds Board of Directors (the Board) upon the recommendation of the Audit Committee of the Board.
During the Funds two most recent fiscal years ended December 31, 2022 and December 31, 2023 and during the period from the end of the most recently completed fiscal year ended December 31, 2023 through June 19, 2024, neither the Fund nor anyone on its behalf consulted with EY, on behalf of the Fund, regarding the application of accounting principles to a specified transaction (either completed or proposed), the type of audit opinion that might be rendered on the Funds financial statements, or any matter that was either the subject of a disagreement as defined in Item 304(a)(1)(iv) of Regulation S-K under the 1934 Act and the instructions thereto, or a reportable event, as defined in Item 304(a)(1)(v) of Regulation S-K under the 1934 Act.
*********
N-2 |
6 Months Ended |
---|---|
Jun. 30, 2024
shares
| |
Cover [Abstract] | |
Entity Central Index Key | 0000810766 |
Amendment Flag | false |
Document Type | N-CSRS |
Entity Registrant Name | CREDIT SUISSE ASSET MANAGEMENT INCOME FUND, INC. |
Common Shares [Member] | |
Capital Stock, Long-Term Debt, and Other Securities [Abstract] | |
Outstanding Security, Title [Text Block] | shares outstanding |
Outstanding Security, Not Held [Shares] | 53,266,253 |
1 Year Credit Suisse Asset Mana... Chart |
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