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Share Name | Share Symbol | Market | Type |
---|---|---|---|
PGIM High Yield Bond Fund Inc | NYSE:ISD | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 12.66 | 0 | 09:29:29 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Long-Term Investments 123.9% | |||||
Asset-Backed Securities 9.0% | |||||
Collateralized Loan Obligations | |||||
Atlas Static Senior Loan Fund Ltd. (Cayman Islands), Series 2022-01A, Class A, 144A, 3 Month SOFR + 2.600% (Cap N/A, Floor 2.600%) | 7.994 %(c) | 07/15/30 | 3,692 | $3,711,404 | |
Battalion CLO Ltd. (Cayman Islands), Series 2015-08A, Class A1R2, 144A, 3 Month SOFR + 1.332% (Cap N/A, Floor 1.070%) | 6.727(c) | 07/18/30 | 1,720 | 1,711,954 | |
BlueMountain CLO Ltd. (Cayman Islands), Series 2016-02A, Class A1R2, 144A, 3 Month SOFR + 1.382% (Cap N/A, Floor 1.120%) | 6.761(c) | 08/20/32 | 3,000 | 2,965,500 | |
Carlyle Global Market Strategies CLO Ltd. (Cayman Islands), Series 2014-01A, Class A1R2, 144A, 3 Month SOFR + 1.232% (Cap N/A, Floor 0.970%) | 6.634(c) | 04/17/31 | 2,855 | 2,844,086 | |
CIFC Funding Ltd. (Cayman Islands), Series 2018-02A, Class A1, 144A, 3 Month SOFR + 1.302% (Cap N/A, Floor 0.000%) | 6.717(c) | 04/20/31 | 2,712 | 2,697,045 | |
Guggenheim CLO STAT Ltd. (Cayman Islands), Series 2022-01A, Class A1A, 144A, 3 Month SOFR + 2.590% (Cap N/A, Floor 2.590%) | 7.968(c) | 10/25/31 | 1,700 | 1,708,202 | |
KKR CLO Ltd. (Cayman Islands), Series 11, Class AR, 144A, 3 Month SOFR + 1.442% (Cap N/A, Floor 1.442%) | 6.835(c) | 01/15/31 | 1,739 | 1,732,916 | |
KKR Static CLO Ltd. (Cayman Islands), Series 2022-02A, Class A1, 144A, 3 Month SOFR + 2.220% (Cap N/A, Floor 2.220%) | 7.636(c) | 10/20/31 | 1,651 | 1,652,200 | |
Madison Park Funding Ltd. (Cayman Islands), Series 2015-18A, Class ARR, 144A, 3 Month SOFR + 1.202% (Cap N/A, Floor 0.940%) | 6.614(c) | 10/21/30 | 2,444 | 2,430,783 | |
OFSI BSL Ltd. (Cayman Islands), Series 2023-12A, Class A1, 144A, 3 Month SOFR + 2.400% (Cap N/A, Floor 2.400%) | 7.816(c) | 01/20/35 | 2,250 | 2,265,763 | |
Palmer Square Loan Funding Ltd. (Cayman Islands), Series 2022-03A, Class A1A, 144A, 3 Month SOFR + 1.820% (Cap N/A, Floor 1.820%) | 7.214(c) | 04/15/31 | 3,418 | 3,432,046 | |
Shackleton CLO Ltd. (Cayman Islands), Series 2017-11A, Class AR, 144A, 3 Month SOFR + 1.352% (Cap N/A, Floor 0.262%) | 6.716(c) | 08/15/30 | 2,033 | 2,027,898 | |
Signal Peak CLO Ltd., Series 2018-05A, Class A, 144A, 3 Month SOFR + 1.372% (Cap N/A, Floor 1.110%) | 6.750(c) | 04/25/31 | 2,255 | 2,246,503 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Asset-Backed Securities (Continued) | |||||
Collateralized Loan Obligations (cont’d.) | |||||
TSTAT Ltd. (Bermuda), Series 2022-02A, Class A1, 144A, 3 Month SOFR + 2.370% (Cap N/A, Floor 2.370%) | 7.786 %(c) | 01/20/31 | 1,864 | $1,867,933 | |
Voya CLO Ltd. (Cayman Islands), | |||||
Series 2013-02A, Class A1R, 144A, 3 Month SOFR + 1.232% (Cap N/A, Floor 0.970%) | 6.610(c) | 04/25/31 | 1,188 | 1,183,530 | |
Series 2015-03A, Class A1R, 144A, 3 Month SOFR + 1.452% (Cap N/A, Floor 1.452%) | 6.867(c) | 10/20/31 | 4,000 | 3,985,107 | |
Total Asset-Backed Securities (cost $38,109,206) | 38,462,870 | ||||
Convertible Bond 0.0% | |||||
Telecommunications | |||||
Digicel Group Holdings Ltd. (Jamaica), Sub. Notes, 144A, Cash coupon 7.000% (original cost $5,338; purchased 03/21/23 - 04/03/23)(f) (cost $5,338) | 7.000 | 11/16/23(d)(oo) | 36 | 1,811 | |
Corporate Bonds 108.2% | |||||
Advertising 0.4% | |||||
CMG Media Corp., Gtd. Notes, 144A(aa) | 8.875 | 12/15/27 | 1,965 | 1,527,230 | |
Aerospace & Defense 3.1% | |||||
Boeing Co. (The), | |||||
Sr. Unsec’d. Notes(aa) | 5.805 | 05/01/50 | 2,650 | 2,283,557 | |
Sr. Unsec’d. Notes | 5.930 | 05/01/60 | 750 | 630,925 | |
Bombardier, Inc. (Canada), | |||||
Sr. Unsec’d. Notes, 144A | 6.000 | 02/15/28 | 1,550 | 1,367,875 | |
Sr. Unsec’d. Notes, 144A | 7.125 | 06/15/26 | 875 | 839,368 | |
Sr. Unsec’d. Notes, 144A | 7.500 | 03/15/25 | 768 | 765,120 | |
Sr. Unsec’d. Notes, 144A | 7.500 | 02/01/29 | 1,350 | 1,250,438 | |
Sr. Unsec’d. Notes, 144A(aa) | 7.875 | 04/15/27 | 3,040 | 2,926,000 | |
Spirit AeroSystems, Inc., Sec’d. Notes, 144A | 7.500 | 04/15/25 | 400 | 398,970 | |
TransDigm, Inc., | |||||
Gtd. Notes | 4.625 | 01/15/29 | 600 | 516,946 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Aerospace & Defense (cont’d.) | |||||
TransDigm, Inc., (cont’d.) | |||||
Gtd. Notes(aa) | 5.500 % | 11/15/27 | 1,825 | $1,700,501 | |
Sr. Sec’d. Notes, 144A | 6.250 | 03/15/26 | 600 | 586,650 | |
13,266,350 | |||||
Agriculture 0.3% | |||||
Vector Group Ltd., Sr. Sec’d. Notes, 144A | 5.750 | 02/01/29 | 1,350 | 1,144,561 | |
Airlines 1.7% | |||||
American Airlines, Inc., | |||||
Sr. Sec’d. Notes, 144A | 7.250 | 02/15/28 | 350 | 325,880 | |
Sr. Sec’d. Notes, 144A | 11.750 | 07/15/25 | 725 | 768,544 | |
American Airlines, Inc./AAdvantage Loyalty IP Ltd., | |||||
Sr. Sec’d. Notes, 144A(aa) | 5.500 | 04/20/26 | 958 | 931,883 | |
Sr. Sec’d. Notes, 144A(aa) | 5.750 | 04/20/29 | 1,425 | 1,285,464 | |
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd., Sr. Sec’d. Notes, 144A | 5.750 | 01/20/26 | 625 | 461,719 | |
United Airlines, Inc., | |||||
Sr. Sec’d. Notes, 144A | 4.375 | 04/15/26 | 1,080 | 1,004,500 | |
Sr. Sec’d. Notes, 144A | 4.625 | 04/15/29 | 830 | 701,721 | |
VistaJet Malta Finance PLC/Vista Management Holding, Inc. (Switzerland), | |||||
Sr. Unsec’d. Notes, 144A | 6.375 | 02/01/30 | 750 | 499,912 | |
Sr. Unsec’d. Notes, 144A | 7.875 | 05/01/27 | 1,100 | 842,875 | |
Sr. Unsec’d. Notes, 144A | 9.500 | 06/01/28 | 475 | 363,375 | |
7,185,873 | |||||
Apparel 0.4% | |||||
Kontoor Brands, Inc., Gtd. Notes, 144A | 4.125 | 11/15/29 | 375 | 310,451 | |
Wolverine World Wide, Inc., Gtd. Notes, 144A | 4.000 | 08/15/29 | 1,825 | 1,358,985 | |
1,669,436 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Auto Manufacturers 2.2% | |||||
Ford Motor Co., | |||||
Sr. Unsec’d. Notes | 3.250 % | 02/12/32 | 725 | $546,454 | |
Sr. Unsec’d. Notes(aa) | 4.750 | 01/15/43 | 3,925 | 2,722,459 | |
Sr. Unsec’d. Notes | 5.291 | 12/08/46 | 1,450 | 1,053,126 | |
Sr. Unsec’d. Notes | 7.400 | 11/01/46 | 200 | 187,927 | |
Ford Motor Credit Co. LLC, | |||||
Sr. Unsec’d. Notes | 3.375 | 11/13/25 | 725 | 676,478 | |
Sr. Unsec’d. Notes | 4.000 | 11/13/30 | 400 | 329,464 | |
Sr. Unsec’d. Notes | 5.584 | 03/18/24 | 310 | 308,508 | |
Sr. Unsec’d. Notes | 6.800 | 05/12/28 | 200 | 199,499 | |
Sr. Unsec’d. Notes | 6.950 | 03/06/26 | 375 | 376,098 | |
Jaguar Land Rover Automotive PLC (United Kingdom), Gtd. Notes, 144A | 7.750 | 10/15/25 | 1,000 | 1,000,000 | |
Nissan Motor Co. Ltd. (Japan), Sr. Unsec’d. Notes, 144A | 4.810 | 09/17/30 | 650 | 550,647 | |
PM General Purchaser LLC, Sr. Sec’d. Notes, 144A | 9.500 | 10/01/28 | 1,325 | 1,245,606 | |
9,196,266 | |||||
Auto Parts & Equipment 1.4% | |||||
Adient Global Holdings Ltd., | |||||
Gtd. Notes, 144A | 4.875 | 08/15/26 | 1,161 | 1,078,279 | |
Sr. Sec’d. Notes, 144A | 7.000 | 04/15/28 | 400 | 392,704 | |
American Axle & Manufacturing, Inc., | |||||
Gtd. Notes | 6.250 | 03/15/26 | 271 | 261,862 | |
Gtd. Notes(aa) | 6.500 | 04/01/27 | 806 | 760,242 | |
Clarios Global LP/Clarios US Finance Co., Gtd. Notes, 144A | 8.500 | 05/15/27 | 375 | 369,525 | |
Dana Financing Luxembourg Sarl, Gtd. Notes, 144A | 5.750 | 04/15/25 | 250 | 243,125 | |
Dana, Inc., | |||||
Sr. Unsec’d. Notes | 4.250 | 09/01/30 | 250 | 198,251 | |
Sr. Unsec’d. Notes | 4.500 | 02/15/32 | 600 | 469,648 | |
Sr. Unsec’d. Notes | 5.375 | 11/15/27 | 200 | 183,919 | |
Sr. Unsec’d. Notes | 5.625 | 06/15/28 | 600 | 543,645 | |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Auto Parts & Equipment (cont’d.) | |||||
Tenneco, Inc., Sr. Sec’d. Notes, 144A | 8.000 % | 11/17/28 | 1,000 | $802,501 | |
Titan International, Inc., Sr. Sec’d. Notes | 7.000 | 04/30/28 | 950 | 867,803 | |
6,171,504 | |||||
Banks 0.7% | |||||
Citigroup, Inc., Jr. Sub. Notes | 3.875(ff) | 02/18/26(oo) | 625 | 523,252 | |
Freedom Mortgage Corp., | |||||
Sr. Unsec’d. Notes, 144A | 7.625 | 05/01/26 | 550 | 506,184 | |
Sr. Unsec’d. Notes, 144A | 12.000 | 10/01/28 | 250 | 250,863 | |
Sr. Unsec’d. Notes, 144A | 12.250 | 10/01/30 | 325 | 325,209 | |
Intesa Sanpaolo SpA (Italy), Sub. Notes, 144A | 4.198(ff) | 06/01/32 | 2,200 | 1,566,642 | |
3,172,150 | |||||
Building Materials 2.0% | |||||
Camelot Return Merger Sub, Inc., Sr. Sec’d. Notes, 144A | 8.750 | 08/01/28 | 650 | 606,904 | |
Cornerstone Building Brands, Inc., Gtd. Notes, 144A(aa) | 6.125 | 01/15/29 | 1,100 | 806,660 | |
Eco Material Technologies, Inc., Sr. Sec’d. Notes, 144A | 7.875 | 01/31/27 | 600 | 569,496 | |
Griffon Corp., Gtd. Notes | 5.750 | 03/01/28 | 480 | 433,555 | |
JELD-WEN, Inc., Gtd. Notes, 144A | 4.625 | 12/15/25 | 462 | 438,188 | |
Knife River Corp., Sr. Unsec’d. Notes, 144A | 7.750 | 05/01/31 | 300 | 298,942 | |
Masonite International Corp., | |||||
Gtd. Notes, 144A | 3.500 | 02/15/30 | 675 | 534,937 | |
Gtd. Notes, 144A | 5.375 | 02/01/28 | 105 | 96,411 | |
MIWD Holdco II LLC/MIWD Finance Corp., Gtd. Notes, 144A | 5.500 | 02/01/30 | 952 | 755,502 | |
Smyrna Ready Mix Concrete LLC, Sr. Sec’d. Notes, 144A | 6.000 | 11/01/28 | 1,123 | 1,038,427 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Building Materials (cont’d.) | |||||
Standard Industries, Inc., | |||||
Sr. Unsec’d. Notes, 144A | 3.375 % | 01/15/31 | 400 | $302,569 | |
Sr. Unsec’d. Notes, 144A(aa) | 4.375 | 07/15/30 | 1,250 | 1,022,637 | |
Sr. Unsec’d. Notes, 144A | 4.750 | 01/15/28 | 1,400 | 1,254,604 | |
Sr. Unsec’d. Notes, 144A | 5.000 | 02/15/27 | 320 | 295,910 | |
8,454,742 | |||||
Chemicals 3.0% | |||||
Ashland, Inc., Sr. Unsec’d. Notes(aa) | 6.875 | 05/15/43 | 2,125 | 2,000,905 | |
ASP Unifrax Holdings, Inc., | |||||
Sr. Sec’d. Notes, 144A | 5.250 | 09/30/28 | 325 | 220,927 | |
Sr. Unsec’d. Notes, 144A | 7.500 | 09/30/29 | 225 | 121,568 | |
Avient Corp., Sr. Unsec’d. Notes, 144A | 5.750 | 05/15/25 | 870 | 851,811 | |
Chemours Co. (The), | |||||
Gtd. Notes, 144A | 4.625 | 11/15/29 | 625 | 483,269 | |
Gtd. Notes, 144A | 5.750 | 11/15/28 | 345 | 291,803 | |
Cornerstone Chemical Co., Sr. Sec’d. Notes, 144A, Cash coupon 8.250% and PIK 2.000% (original cost $1,791,655; purchased 03/19/19)(f) | 10.250 | 09/01/27(d) | 1,820 | 1,550,494 | |
Iris Holding, Inc., Sr. Unsec’d. Notes, 144A(aa) | 10.000 | 12/15/28 | 1,100 | 807,142 | |
NOVA Chemicals Corp. (Canada), Sr. Unsec’d. Notes, 144A(aa) | 4.875 | 06/01/24 | 1,315 | 1,292,250 | |
Olympus Water US Holding Corp., | |||||
Sr. Sec’d. Notes, 144A | 4.250 | 10/01/28 | 625 | 498,686 | |
Sr. Sec’d. Notes, 144A | 9.750 | 11/15/28 | 925 | 904,000 | |
Rain Carbon, Inc., Sr. Sec’d. Notes, 144A | 12.250 | 09/01/29 | 475 | 483,325 | |
Rain CII Carbon LLC/CII Carbon Corp., Sec’d. Notes, 144A | 7.250 | 04/01/25 | 35 | 33,612 | |
SK Invictus Intermediate II Sarl, Sr. Sec’d. Notes, 144A | 5.000 | 10/30/29 | 1,195 | 902,225 | |
SNF Group SACA (France), Sr. Unsec’d. Notes, 144A | 3.375 | 03/15/30 | 450 | 361,687 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Chemicals (cont’d.) | |||||
TPC Group, Inc., Sr. Sec’d. Notes, 144A (original cost $1,007,863; purchased 12/15/22 - 05/16/23)(f) | 13.000 % | 12/16/27 | 1,009 | $1,011,017 | |
Tronox, Inc., Gtd. Notes, 144A | 4.625 | 03/15/29 | 615 | 482,868 | |
Valvoline, Inc., Sr. Unsec’d. Notes, 144A | 3.625 | 06/15/31 | 400 | 304,213 | |
WR Grace Holdings LLC, Sr. Sec’d. Notes, 144A | 7.375 | 03/01/31 | 175 | 162,225 | |
12,764,027 | |||||
Coal 0.2% | |||||
Conuma Resources Ltd. (Canada), Sr. Sec’d. Notes, 144A | 13.125 | 05/01/28 | 700 | 646,639 | |
Coronado Finance Pty Ltd. (Australia), Sr. Sec’d. Notes, 144A | 10.750 | 05/15/26 | 400 | 412,000 | |
1,058,639 | |||||
Commercial Services 7.1% | |||||
Adtalem Global Education, Inc., Sr. Sec’d. Notes, 144A | 5.500 | 03/01/28 | 759 | 695,418 | |
Allied Universal Holdco LLC/Allied Universal Finance Corp., | |||||
Sr. Sec’d. Notes, 144A | 6.625 | 07/15/26 | 430 | 402,555 | |
Sr. Unsec’d. Notes, 144A(aa) | 6.000 | 06/01/29 | 1,150 | 831,335 | |
Sr. Unsec’d. Notes, 144A(aa) | 9.750 | 07/15/27 | 3,875 | 3,374,731 | |
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl, | |||||
Sr. Sec’d. Notes, 144A | 4.625 | 06/01/28 | 860 | 703,050 | |
Sr. Sec’d. Notes, 144A | 4.625 | 06/01/28 | 1,315 | 1,068,832 | |
Alta Equipment Group, Inc., Sec’d. Notes, 144A | 5.625 | 04/15/26 | 500 | 448,307 | |
AMN Healthcare, Inc., | |||||
Gtd. Notes, 144A | 4.000 | 04/15/29 | 825 | 687,190 | |
Gtd. Notes, 144A | 4.625 | 10/01/27 | 400 | 358,744 | |
APi Group DE, Inc., Gtd. Notes, 144A | 4.750 | 10/15/29 | 325 | 279,580 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Commercial Services (cont’d.) | |||||
Avis Budget Car Rental LLC/Avis Budget Finance, Inc., Gtd. Notes, 144A(aa) | 4.750 % | 04/01/28 | 1,295 | $1,116,155 | |
Avis Budget Finance PLC, Gtd. Notes | 4.750 | 01/30/26 | EUR | 275 | 279,309 |
Brink’s Co. (The), | |||||
Gtd. Notes, 144A | 4.625 | 10/15/27 | 375 | 339,787 | |
Gtd. Notes, 144A(aa) | 5.500 | 07/15/25 | 200 | 194,990 | |
Carriage Services, Inc., Gtd. Notes, 144A | 4.250 | 05/15/29 | 200 | 163,543 | |
Gartner, Inc., | |||||
Gtd. Notes, 144A | 3.625 | 06/15/29 | 425 | 358,788 | |
Gtd. Notes, 144A | 3.750 | 10/01/30 | 325 | 270,145 | |
GTCR W-2 Merger Sub LLC, Sr. Sec’d. Notes, 144A | 7.500 | 01/15/31 | 450 | 443,748 | |
Herc Holdings, Inc., Gtd. Notes, 144A | 5.500 | 07/15/27 | 441 | 414,934 | |
Hertz Corp. (The), | |||||
Gtd. Notes, 144A | 4.625 | 12/01/26 | 475 | 400,921 | |
Gtd. Notes, 144A | 5.000 | 12/01/29 | 525 | 377,413 | |
Metis Merger Sub LLC, Sr. Unsec’d. Notes, 144A(aa) | 6.500 | 05/15/29 | 2,750 | 2,244,600 | |
MPH Acquisition Holdings LLC, Sr. Sec’d. Notes, 144A(aa) | 5.500 | 09/01/28 | 2,075 | 1,733,247 | |
NESCO Holdings II, Inc., Sec’d. Notes, 144A | 5.500 | 04/15/29 | 900 | 773,630 | |
Service Corp. International, Sr. Unsec’d. Notes | 3.375 | 08/15/30 | 1,457 | 1,166,931 | |
United Rentals North America, Inc., | |||||
Gtd. Notes | 3.750 | 01/15/32 | 575 | 457,483 | |
Gtd. Notes | 4.000 | 07/15/30 | 150 | 126,083 | |
Gtd. Notes(aa) | 4.875 | 01/15/28 | 5,720 | 5,314,281 | |
Verscend Escrow Corp., Sr. Unsec’d. Notes, 144A(aa) | 9.750 | 08/15/26 | 4,825 | 4,791,767 | |
VT Topco, Inc., Sr. Sec’d. Notes, 144A | 8.500 | 08/15/30 | 350 | 341,229 | |
30,158,726 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Computers 0.7% | |||||
CA Magnum Holdings (India), Sr. Sec’d. Notes, 144A | 5.375 % | 10/31/26 | 225 | $195,944 | |
McAfee Corp., Sr. Unsec’d. Notes, 144A(aa) | 7.375 | 02/15/30 | 1,130 | 903,600 | |
NCR Voyix Corp., | |||||
Gtd. Notes, 144A | 5.000 | 10/01/28 | 550 | 475,127 | |
Gtd. Notes, 144A | 5.125 | 04/15/29 | 425 | 365,585 | |
Gtd. Notes, 144A | 5.250 | 10/01/30 | 350 | 289,805 | |
Tempo Acquisition LLC/Tempo Acquisition Finance Corp., Sr. Sec’d. Notes, 144A | 5.750 | 06/01/25 | 875 | 854,851 | |
3,084,912 | |||||
Distribution/Wholesale 0.8% | |||||
H&E Equipment Services, Inc., Gtd. Notes, 144A(aa) | 3.875 | 12/15/28 | 2,250 | 1,906,364 | |
Ritchie Bros Holdings, Inc. (Canada), | |||||
Gtd. Notes, 144A | 7.750 | 03/15/31 | 450 | 450,000 | |
Sr. Sec’d. Notes, 144A | 6.750 | 03/15/28 | 150 | 147,000 | |
Windsor Holdings III LLC, Sr. Sec’d. Notes, 144A | 8.500 | 06/15/30 | 750 | 734,968 | |
3,238,332 | |||||
Diversified Financial Services 4.1% | |||||
Bread Financial Holdings, Inc., Gtd. Notes, 144A | 4.750 | 12/15/24 | 1,075 | 1,041,521 | |
goeasy Ltd. (Canada), Gtd. Notes, 144A | 4.375 | 05/01/26 | 525 | 473,156 | |
Jefferies Finance LLC/JFIN Co-Issuer Corp., Sr. Unsec’d. Notes, 144A | 5.000 | 08/15/28 | 1,525 | 1,221,030 | |
LD Holdings Group LLC, Gtd. Notes, 144A | 6.125 | 04/01/28 | 975 | 540,842 | |
LFS Topco LLC, Gtd. Notes, 144A | 5.875 | 10/15/26 | 875 | 739,568 | |
LPL Holdings, Inc., | |||||
Gtd. Notes, 144A | 4.000 | 03/15/29 | 300 | 257,930 | |
Gtd. Notes, 144A | 4.375 | 05/15/31 | 100 | 83,418 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Diversified Financial Services (cont’d.) | |||||
Macquarie Airfinance Holdings Ltd. (United Kingdom), | |||||
Sr. Unsec’d. Notes, 144A | 8.125 % | 03/30/29 | 450 | $441,882 | |
Sr. Unsec’d. Notes, 144A | 8.375 | 05/01/28 | 200 | 198,792 | |
Nationstar Mortgage Holdings, Inc., | |||||
Gtd. Notes, 144A | 5.125 | 12/15/30 | 1,075 | 873,655 | |
Gtd. Notes, 144A(aa) | 5.500 | 08/15/28 | 2,420 | 2,137,270 | |
Gtd. Notes, 144A(aa) | 6.000 | 01/15/27 | 1,725 | 1,605,478 | |
Navient Corp., | |||||
Sr. Unsec’d. Notes | 5.500 | 03/15/29 | 1,800 | 1,461,033 | |
Sr. Unsec’d. Notes | 9.375 | 07/25/30 | 300 | 282,804 | |
OneMain Finance Corp., | |||||
Gtd. Notes | 3.875 | 09/15/28 | 350 | 278,095 | |
Gtd. Notes | 6.875 | 03/15/25 | 125 | 123,416 | |
Gtd. Notes(aa) | 7.125 | 03/15/26 | 3,748 | 3,642,356 | |
PennyMac Financial Services, Inc., | |||||
Gtd. Notes, 144A | 4.250 | 02/15/29 | 575 | 469,554 | |
Gtd. Notes, 144A | 5.375 | 10/15/25 | 800 | 761,547 | |
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., | |||||
Gtd. Notes, 144A | 3.625 | 03/01/29 | 200 | 162,614 | |
Gtd. Notes, 144A | 3.875 | 03/01/31 | 50 | 38,651 | |
Gtd. Notes, 144A | 4.000 | 10/15/33 | 1,175 | 863,972 | |
17,698,584 | |||||
Electric 5.0% | |||||
Calpine Corp., | |||||
Sr. Sec’d. Notes, 144A | 3.750 | 03/01/31 | 75 | 59,863 | |
Sr. Sec’d. Notes, 144A | 4.500 | 02/15/28 | 375 | 338,224 | |
Sr. Unsec’d. Notes, 144A(aa) | 4.625 | 02/01/29 | 2,025 | 1,707,563 | |
Sr. Unsec’d. Notes, 144A | 5.000 | 02/01/31 | 875 | 706,374 | |
Sr. Unsec’d. Notes, 144A(aa) | 5.125 | 03/15/28 | 5,950 | 5,325,036 | |
Keystone Power Pass-Through Holders LLC/Conemaugh Power Pass-Through Holders, Sub. Notes, 144A, Cash coupon 13.000% | 13.000 | 06/01/24 | 252 | 163,833 | |
NRG Energy, Inc., | |||||
Gtd. Notes(aa) | 5.750 | 01/15/28 | 2,975 | 2,793,774 | |
Gtd. Notes, 144A | 3.375 | 02/15/29 | 150 | 122,288 | |
Gtd. Notes, 144A | 3.625 | 02/15/31 | 325 | 245,223 | |
Gtd. Notes, 144A | 3.875 | 02/15/32 | 625 | 466,824 | |
Gtd. Notes, 144A | 5.250 | 06/15/29 | 650 | 574,760 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Electric (cont’d.) | |||||
NRG Energy, Inc., (cont’d.) | |||||
Jr. Sub. Notes, 144A | 10.250 %(ff) | 03/15/28(oo) | 1,050 | $1,013,250 | |
PG&E Corp., Sr. Sec’d. Notes | 5.250 | 07/01/30 | 735 | 643,656 | |
Vistra Corp., | |||||
Jr. Sub. Notes, 144A | 7.000(ff) | 12/15/26(oo) | 125 | 114,266 | |
Jr. Sub. Notes, 144A | 8.000(ff) | 10/15/26(oo) | 250 | 237,521 | |
Vistra Operations Co. LLC, | |||||
Gtd. Notes, 144A | 4.375 | 05/01/29 | 1,075 | 911,266 | |
Gtd. Notes, 144A | 5.000 | 07/31/27 | 325 | 298,172 | |
Gtd. Notes, 144A | 5.500 | 09/01/26 | 575 | 548,184 | |
Gtd. Notes, 144A(aa) | 5.625 | 02/15/27 | 5,625 | 5,293,778 | |
21,563,855 | |||||
Electrical Components & Equipment 0.6% | |||||
Energizer Gamma Acquisition BV, Gtd. Notes | 3.500 | 06/30/29 | EUR | 100 | 83,117 |
Energizer Holdings, Inc., | |||||
Gtd. Notes, 144A | 4.375 | 03/31/29 | 750 | 615,266 | |
Gtd. Notes, 144A | 4.750 | 06/15/28 | 350 | 300,651 | |
WESCO Distribution, Inc., | |||||
Gtd. Notes, 144A | 7.125 | 06/15/25 | 600 | 600,870 | |
Gtd. Notes, 144A(aa) | 7.250 | 06/15/28 | 1,130 | 1,123,881 | |
2,723,785 | |||||
Electronics 0.4% | |||||
Likewize Corp., Sr. Sec’d. Notes, 144A | 9.750 | 10/15/25 | 1,515 | 1,506,006 | |
Engineering & Construction 0.3% | |||||
AECOM, Gtd. Notes | 5.125 | 03/15/27 | 205 | 193,305 | |
Brand Industrial Services, Inc., Sr. Sec’d. Notes, 144A | 10.375 | 08/01/30 | 350 | 347,766 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Engineering & Construction (cont’d.) | |||||
TopBuild Corp., | |||||
Gtd. Notes, 144A | 3.625 % | 03/15/29 | 500 | $418,240 | |
Gtd. Notes, 144A | 4.125 | 02/15/32 | 425 | 337,009 | |
1,296,320 | |||||
Entertainment 4.0% | |||||
Caesars Entertainment, Inc., | |||||
Sr. Sec’d. Notes, 144A | 6.250 | 07/01/25 | 2,035 | 2,002,749 | |
Sr. Sec’d. Notes, 144A | 7.000 | 02/15/30 | 1,750 | 1,684,407 | |
Sr. Unsec’d. Notes, 144A | 4.625 | 10/15/29 | 1,500 | 1,233,609 | |
CCM Merger, Inc., Sr. Unsec’d. Notes, 144A | 6.375 | 05/01/26 | 275 | 260,835 | |
CDI Escrow Issuer, Inc., Sr. Unsec’d. Notes, 144A | 5.750 | 04/01/30 | 775 | 693,644 | |
Churchill Downs, Inc., Gtd. Notes, 144A | 6.750 | 05/01/31 | 275 | 256,805 | |
Everi Holdings, Inc., Gtd. Notes, 144A | 5.000 | 07/15/29 | 100 | 83,999 | |
Golden Entertainment, Inc., Sr. Unsec’d. Notes, 144A(aa) | 7.625 | 04/15/26 | 2,100 | 2,106,106 | |
International Game Technology PLC, | |||||
Sr. Sec’d. Notes, 144A | 4.125 | 04/15/26 | 300 | 282,750 | |
Sr. Sec’d. Notes, 144A | 6.250 | 01/15/27 | 350 | 339,968 | |
Sr. Sec’d. Notes, 144A | 6.500 | 02/15/25 | 860 | 850,368 | |
Jacobs Entertainment, Inc., | |||||
Sr. Unsec’d. Notes, 144A | 6.750 | 02/15/29 | 700 | 595,940 | |
Sr. Unsec’d. Notes, 144A | 6.750 | 02/15/29 | 525 | 439,330 | |
Light & Wonder International, Inc., Gtd. Notes, 144A | 7.500 | 09/01/31 | 300 | 293,030 | |
Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp., Sr. Sec’d. Notes, 144A | 4.875 | 05/01/29 | 825 | 687,280 | |
Motion Bondco DAC (United Kingdom), Gtd. Notes, 144A | 6.625 | 11/15/27 | 344 | 307,880 | |
Penn Entertainment, Inc., | |||||
Sr. Unsec’d. Notes, 144A | 4.125 | 07/01/29 | 675 | 524,503 | |
Sr. Unsec’d. Notes, 144A(aa) | 5.625 | 01/15/27 | 2,080 | 1,902,794 | |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Entertainment (cont’d.) | |||||
Premier Entertainment Sub LLC/Premier Entertainment Finance Corp., Gtd. Notes, 144A | 5.875 % | 09/01/31 | 1,100 | $746,764 | |
Scientific Games Holdings LP/Scientific Games US FinCo, Inc., Sr. Unsec’d. Notes, 144A | 6.625 | 03/01/30 | 825 | 709,602 | |
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp., | |||||
Gtd. Notes, 144A(aa) | 5.125 | 10/01/29 | 1,110 | 947,787 | |
Gtd. Notes, 144A | 7.125 | 02/15/31 | 100 | 93,127 | |
17,043,277 | |||||
Environmental Control 0.6% | |||||
Covanta Holding Corp., | |||||
Gtd. Notes | 5.000 | 09/01/30 | 325 | 253,316 | |
Gtd. Notes, 144A | 4.875 | 12/01/29 | 625 | 488,957 | |
GFL Environmental, Inc. (Canada), | |||||
Gtd. Notes, 144A | 4.000 | 08/01/28 | 275 | 235,813 | |
Gtd. Notes, 144A | 4.375 | 08/15/29 | 1,625 | 1,385,312 | |
Gtd. Notes, 144A | 4.750 | 06/15/29 | 50 | 43,625 | |
2,407,023 | |||||
Foods 2.1% | |||||
Albertson’s Cos., Inc./Safeway, Inc./New Albertson’s LP/Albertson’s LLC, Gtd. Notes, 144A | 3.500 | 03/15/29 | 1,060 | 903,655 | |
B&G Foods, Inc., | |||||
Gtd. Notes(aa) | 5.250 | 09/15/27 | 2,950 | 2,427,916 | |
Sr. Sec’d. Notes, 144A | 8.000 | 09/15/28 | 550 | 536,304 | |
C&S Group Enterprises LLC, Gtd. Notes, 144A | 5.000 | 12/15/28 | 825 | 638,707 | |
Chobani LLC/Chobani Finance Corp., Inc., | |||||
Gtd. Notes, 144A | 7.500 | 04/15/25 | 300 | 295,733 | |
Sr. Sec’d. Notes, 144A | 4.625 | 11/15/28 | 50 | 43,426 | |
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc., | |||||
Gtd. Notes | 3.750 | 12/01/31 | 525 | 405,491 | |
Sr. Unsec’d. Notes | 5.500 | 01/15/30 | 900 | 820,897 | |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Foods (cont’d.) | |||||
Lamb Weston Holdings, Inc., Gtd. Notes, 144A | 4.125 % | 01/31/30 | 225 | $191,218 | |
Pilgrim’s Pride Corp., Gtd. Notes | 3.500 | 03/01/32 | 375 | 285,648 | |
Post Holdings, Inc., | |||||
Gtd. Notes, 144A | 4.625 | 04/15/30 | 1,075 | 901,997 | |
Gtd. Notes, 144A | 5.500 | 12/15/29 | 425 | 376,974 | |
Sr. Unsec’d. Notes, 144A | 4.500 | 09/15/31 | 1,400 | 1,136,389 | |
8,964,355 | |||||
Gas 0.5% | |||||
AmeriGas Partners LP/AmeriGas Finance Corp., | |||||
Sr. Unsec’d. Notes | 5.500 | 05/20/25 | 25 | 23,998 | |
Sr. Unsec’d. Notes(aa) | 5.750 | 05/20/27 | 1,800 | 1,653,734 | |
Sr. Unsec’d. Notes | 5.875 | 08/20/26 | 325 | 304,702 | |
1,982,434 | |||||
Healthcare-Products 1.1% | |||||
Embecta Corp., | |||||
Sr. Sec’d. Notes, 144A | 5.000 | 02/15/30 | 1,050 | 833,432 | |
Sr. Sec’d. Notes, 144A | 6.750 | 02/15/30 | 575 | 476,618 | |
Medline Borrower LP, | |||||
Sr. Sec’d. Notes, 144A(aa) | 3.875 | 04/01/29 | 2,025 | 1,708,952 | |
Sr. Unsec’d. Notes, 144A | 5.250 | 10/01/29 | 2,025 | 1,724,217 | |
4,743,219 | |||||
Healthcare-Services 4.0% | |||||
DaVita, Inc., | |||||
Gtd. Notes, 144A(aa) | 3.750 | 02/15/31 | 3,025 | 2,175,650 | |
Gtd. Notes, 144A(aa) | 4.625 | 06/01/30 | 2,325 | 1,822,850 | |
Legacy LifePoint Health LLC, Sr. Sec’d. Notes, 144A | 4.375 | 02/15/27 | 550 | 454,677 | |
LifePoint Health, Inc., Gtd. Notes, 144A | 5.375 | 01/15/29 | 925 | 559,128 | |
Prime Healthcare Services, Inc., Sr. Sec’d. Notes, 144A(aa) | 7.250 | 11/01/25 | 1,800 | 1,646,992 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Healthcare-Services (cont’d.) | |||||
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc., Gtd. Notes, 144A | 9.750 % | 12/01/26 | 3,050 | $2,872,243 | |
Tenet Healthcare Corp., | |||||
Sr. Sec’d. Notes(aa) | 4.250 | 06/01/29 | 1,925 | 1,649,385 | |
Sr. Sec’d. Notes(aa) | 4.375 | 01/15/30 | 4,825 | 4,085,744 | |
Sr. Unsec’d. Notes(aa) | 6.875 | 11/15/31 | 2,025 | 1,868,634 | |
17,135,303 | |||||
Home Builders 5.5% | |||||
Adams Homes, Inc., Sr. Unsec’d. Notes, 144A | 9.250 | 10/15/28 | 550 | 537,198 | |
Ashton Woods USA LLC/Ashton Woods Finance Co., | |||||
Sr. Unsec’d. Notes, 144A | 4.625 | 08/01/29 | 825 | 668,751 | |
Sr. Unsec’d. Notes, 144A | 4.625 | 04/01/30 | 625 | 487,866 | |
Beazer Homes USA, Inc., | |||||
Gtd. Notes | 5.875 | 10/15/27 | 1,425 | 1,272,636 | |
Gtd. Notes(aa) | 7.250 | 10/15/29 | 1,975 | 1,802,316 | |
Brookfield Residential Properties, Inc./Brookfield Residential US LLC (Canada), | |||||
Gtd. Notes, 144A(aa) | 4.875 | 02/15/30 | 2,175 | 1,653,000 | |
Gtd. Notes, 144A | 6.250 | 09/15/27 | 40 | 34,750 | |
Sr. Unsec’d. Notes, 144A | 5.000 | 06/15/29 | 400 | 312,000 | |
Century Communities, Inc., Gtd. Notes(aa) | 6.750 | 06/01/27 | 1,725 | 1,664,534 | |
Empire Communities Corp. (Canada), Sr. Unsec’d. Notes, 144A | 7.000 | 12/15/25 | 275 | 255,750 | |
Forestar Group, Inc., | |||||
Gtd. Notes, 144A | 3.850 | 05/15/26 | 450 | 402,299 | |
Gtd. Notes, 144A(aa) | 5.000 | 03/01/28 | 1,200 | 1,056,574 | |
KB Home, | |||||
Gtd. Notes | 4.800 | 11/15/29 | 1,000 | 866,481 | |
Gtd. Notes | 6.875 | 06/15/27 | 1,225 | 1,215,921 | |
Lennar Corp., Gtd. Notes(aa) | 5.000 | 06/15/27 | 1,250 | 1,206,154 | |
M/I Homes, Inc., | |||||
Gtd. Notes | 3.950 | 02/15/30 | 375 | 298,860 | |
Gtd. Notes | 4.950 | 02/01/28 | 450 | 403,652 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Home Builders (cont’d.) | |||||
Mattamy Group Corp. (Canada), | |||||
Sr. Unsec’d. Notes, 144A(aa) | 4.625 % | 03/01/30 | 1,333 | $1,084,729 | |
Sr. Unsec’d. Notes, 144A(aa) | 5.250 | 12/15/27 | 1,075 | 964,813 | |
Meritage Homes Corp., Gtd. Notes | 5.125 | 06/06/27 | 1,775 | 1,681,339 | |
Shea Homes LP/Shea Homes Funding Corp., | |||||
Sr. Unsec’d. Notes | 4.750 | 02/15/28 | 1,293 | 1,142,743 | |
Sr. Unsec’d. Notes | 4.750 | 04/01/29 | 475 | 402,395 | |
STL Holding Co. LLC, Sr. Unsec’d. Notes, 144A | 7.500 | 02/15/26 | 975 | 913,575 | |
Taylor Morrison Communities, Inc., | |||||
Gtd. Notes, 144A | 5.750 | 01/15/28 | 450 | 409,455 | |
Gtd. Notes, 144A | 5.875 | 06/15/27 | 925 | 867,173 | |
Sr. Unsec’d. Notes, 144A | 5.125 | 08/01/30 | 630 | 530,871 | |
Tri Pointe Homes, Inc., Gtd. Notes | 5.700 | 06/15/28 | 1,555 | 1,390,160 | |
23,525,995 | |||||
Home Furnishings 0.0% | |||||
Tempur Sealy International, Inc., Gtd. Notes, 144A | 4.000 | 04/15/29 | 200 | 164,035 | |
Household Products/Wares 0.4% | |||||
ACCO Brands Corp., Gtd. Notes, 144A(aa) | 4.250 | 03/15/29 | 1,150 | 953,725 | |
Central Garden & Pet Co., Gtd. Notes, 144A | 4.125 | 04/30/31 | 100 | 79,757 | |
Kronos Acquisition Holdings, Inc./KIK Custom Products, Inc. (Canada), | |||||
Gtd. Notes, 144A | 7.000 | 12/31/27 | 800 | 680,000 | |
Sr. Sec’d. Notes, 144A | 5.000 | 12/31/26 | 175 | 158,375 | |
1,871,857 | |||||
Housewares 0.6% | |||||
Scotts Miracle-Gro Co. (The), | |||||
Gtd. Notes | 4.000 | 04/01/31 | 1,500 | 1,116,576 | |
Gtd. Notes | 4.375 | 02/01/32 | 725 | 531,732 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Housewares (cont’d.) | |||||
SWF Escrow Issuer Corp., Sr. Unsec’d. Notes, 144A(aa) | 6.500 % | 10/01/29 | 1,675 | $946,742 | |
2,595,050 | |||||
Insurance 0.3% | |||||
Acrisure LLC/Acrisure Finance, Inc., Sr. Unsec’d. Notes, 144A | 7.000 | 11/15/25 | 750 | 727,974 | |
BroadStreet Partners, Inc., Sr. Unsec’d. Notes, 144A | 5.875 | 04/15/29 | 875 | 762,513 | |
1,490,487 | |||||
Internet 1.3% | |||||
Cablevision Lightpath LLC, | |||||
Sr. Sec’d. Notes, 144A(aa) | 3.875 | 09/15/27 | 1,925 | 1,570,312 | |
Sr. Unsec’d. Notes, 144A | 5.625 | 09/15/28 | 625 | 468,754 | |
Gen Digital, Inc., Sr. Unsec’d. Notes, 144A(aa) | 5.000 | 04/15/25 | 2,000 | 1,945,272 | |
Go Daddy Operating Co. LLC/GD Finance Co., Inc., | |||||
Gtd. Notes, 144A | 3.500 | 03/01/29 | 525 | 441,539 | |
Gtd. Notes, 144A | 5.250 | 12/01/27 | 1,165 | 1,099,718 | |
5,525,595 | |||||
Iron/Steel 0.9% | |||||
ATI, Inc., Sr. Unsec’d. Notes | 7.250 | 08/15/30 | 275 | 264,869 | |
Big River Steel LLC/BRS Finance Corp., Sr. Sec’d. Notes, 144A(aa) | 6.625 | 01/31/29 | 1,709 | 1,692,679 | |
Cleveland-Cliffs, Inc., Gtd. Notes, 144A | 6.750 | 04/15/30 | 800 | 742,641 | |
Commercial Metals Co., | |||||
Sr. Unsec’d. Notes | 4.125 | 01/15/30 | 175 | 147,682 | |
Sr. Unsec’d. Notes | 4.375 | 03/15/32 | 275 | 221,507 | |
Mineral Resources Ltd. (Australia), Sr. Unsec’d. Notes, 144A | 9.250 | 10/01/28 | 575 | 575,000 | |
3,644,378 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Leisure Time 3.9% | |||||
Carnival Corp., | |||||
Gtd. Notes, 144A | 5.750 % | 03/01/27 | 2,775 | $2,469,750 | |
Gtd. Notes, 144A | 6.000 | 05/01/29 | 1,075 | 908,375 | |
Gtd. Notes, 144A | 7.625 | 03/01/26 | 625 | 605,913 | |
Gtd. Notes, 144A | 10.500 | 06/01/30 | 200 | 202,125 | |
Sr. Sec’d. Notes, 144A | 4.000 | 08/01/28 | 200 | 173,540 | |
Lindblad Expeditions Holdings, Inc., Sr. Sec’d. Notes, 144A | 9.000 | 05/15/28 | 600 | 586,557 | |
NCL Corp. Ltd., | |||||
Gtd. Notes, 144A | 5.875 | 03/15/26 | 1,900 | 1,705,250 | |
Sr. Sec’d. Notes, 144A | 8.125 | 01/15/29 | 200 | 194,750 | |
Sr. Sec’d. Notes, 144A | 8.375 | 02/01/28 | 1,150 | 1,139,937 | |
Sr. Unsec’d. Notes, 144A | 7.750 | 02/15/29 | 1,075 | 938,152 | |
Royal Caribbean Cruises Ltd., | |||||
Gtd. Notes, 144A | 7.250 | 01/15/30 | 1,150 | 1,132,750 | |
Gtd. Notes, 144A | 9.250 | 01/15/29 | 325 | 338,813 | |
Sr. Sec’d. Notes, 144A | 8.250 | 01/15/29 | 875 | 899,062 | |
Sr. Unsec’d. Notes, 144A | 5.375 | 07/15/27 | 500 | 459,375 | |
Sr. Unsec’d. Notes, 144A | 5.500 | 08/31/26 | 250 | 235,550 | |
Sr. Unsec’d. Notes, 144A | 5.500 | 04/01/28 | 1,200 | 1,090,476 | |
Sr. Unsec’d. Notes, 144A | 11.625 | 08/15/27 | 425 | 461,070 | |
Viking Cruises Ltd., | |||||
Gtd. Notes, 144A | 5.875 | 09/15/27 | 1,225 | 1,103,602 | |
Sr. Unsec’d. Notes, 144A | 9.125 | 07/15/31 | 625 | 614,063 | |
Viking Ocean Cruises Ship VII Ltd., Sr. Sec’d. Notes, 144A | 5.625 | 02/15/29 | 1,200 | 1,062,000 | |
Vista Outdoor, Inc., Gtd. Notes, 144A | 4.500 | 03/15/29 | 225 | 209,442 | |
16,530,552 | |||||
Lodging 1.9% | |||||
Hilton Domestic Operating Co., Inc., | |||||
Gtd. Notes, 144A | 3.625 | 02/15/32 | 900 | 711,389 | |
Gtd. Notes, 144A | 4.000 | 05/01/31 | 275 | 227,219 | |
MGM Resorts International, | |||||
Gtd. Notes | 4.625 | 09/01/26 | 200 | 185,734 | |
Gtd. Notes(aa) | 5.500 | 04/15/27 | 1,136 | 1,060,774 | |
Gtd. Notes | 5.750 | 06/15/25 | 50 | 48,919 | |
Gtd. Notes(aa) | 6.750 | 05/01/25 | 1,910 | 1,899,234 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Lodging (cont’d.) | |||||
Sugarhouse HSP Gaming Prop Mezz LP/Sugarhouse HSP Gaming Finance Corp., Sr. Sec’d. Notes, 144A | 5.875 % | 05/15/25 | 625 | $600,753 | |
Wynn Macau Ltd. (Macau), | |||||
Sr. Unsec’d. Notes, 144A | 5.125 | 12/15/29 | 1,325 | 1,032,652 | |
Sr. Unsec’d. Notes, 144A | 5.500 | 10/01/27 | 550 | 478,384 | |
Sr. Unsec’d. Notes, 144A | 5.625 | 08/26/28 | 2,125 | 1,770,125 | |
8,015,183 | |||||
Machinery-Construction & Mining 0.1% | |||||
Terex Corp., Gtd. Notes, 144A | 5.000 | 05/15/29 | 725 | 637,976 | |
Machinery-Diversified 0.8% | |||||
Chart Industries, Inc., | |||||
Gtd. Notes, 144A | 9.500 | 01/01/31 | 400 | 412,107 | |
Sr. Sec’d. Notes, 144A | 7.500 | 01/01/30 | 750 | 736,891 | |
GrafTech Finance, Inc., Sr. Sec’d. Notes, 144A | 4.625 | 12/15/28 | 975 | 715,684 | |
Maxim Crane Works Holdings Capital LLC, Sec’d. Notes, 144A | 11.500 | 09/01/28 | 975 | 951,685 | |
TK Elevator US Newco, Inc. (Germany), Sr. Sec’d. Notes, 144A | 5.250 | 07/15/27 | 625 | 567,187 | |
3,383,554 | |||||
Media 8.7% | |||||
AMC Networks, Inc., Gtd. Notes(aa) | 5.000 | 04/01/24 | 1,300 | 1,291,854 | |
CCO Holdings LLC/CCO Holdings Capital Corp., | |||||
Sr. Unsec’d. Notes | 4.500 | 05/01/32 | 1,850 | 1,415,740 | |
Sr. Unsec’d. Notes, 144A(aa) | 4.250 | 02/01/31 | 5,600 | 4,357,274 | |
Sr. Unsec’d. Notes, 144A | 4.500 | 06/01/33 | 700 | 522,202 | |
Sr. Unsec’d. Notes, 144A(aa) | 4.750 | 03/01/30 | 2,900 | 2,392,851 | |
Sr. Unsec’d. Notes, 144A | 5.000 | 02/01/28 | 1,000 | 895,058 | |
Sr. Unsec’d. Notes, 144A | 5.125 | 05/01/27 | 75 | 68,996 | |
Sr. Unsec’d. Notes, 144A | 5.500 | 05/01/26 | 375 | 358,794 | |
CSC Holdings LLC, | |||||
Gtd. Notes, 144A | 3.375 | 02/15/31 | 1,175 | 752,651 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Media (cont’d.) | |||||
CSC Holdings LLC, (cont’d.) | |||||
Gtd. Notes, 144A(aa) | 4.125 % | 12/01/30 | 775 | $519,263 | |
Gtd. Notes, 144A | 6.500 | 02/01/29 | 1,200 | 947,602 | |
Sr. Unsec’d. Notes, 144A(aa) | 4.625 | 12/01/30 | 4,875 | 2,464,811 | |
Sr. Unsec’d. Notes, 144A(aa) | 5.750 | 01/15/30 | 2,550 | 1,338,602 | |
Diamond Sports Group LLC/Diamond Sports Finance Co., | |||||
Gtd. Notes, 144A (original cost $5,393,891; purchased 07/18/19 - 11/18/21)(f) | 6.625 | 08/15/27(d) | 6,595 | 66,591 | |
Sec’d. Notes, 144A (original cost $3,277,261; purchased 07/18/19 - 08/30/22)(f) | 5.375 | 08/15/26(d) | 6,090 | 68,313 | |
DISH DBS Corp., | |||||
Gtd. Notes | 5.125 | 06/01/29 | 1,840 | 945,995 | |
Gtd. Notes | 7.375 | 07/01/28 | 1,065 | 598,436 | |
Gtd. Notes(aa) | 7.750 | 07/01/26 | 5,015 | 3,357,606 | |
DISH Network Corp., Sr. Sec’d. Notes, 144A | 11.750 | 11/15/27 | 1,875 | 1,857,083 | |
Gray Television, Inc., Gtd. Notes, 144A | 5.875 | 07/15/26 | 805 | 717,136 | |
iHeartCommunications, Inc., Sr. Sec’d. Notes | 6.375 | 05/01/26 | 1,421 | 1,158,025 | |
Midcontinent Communications/Midcontinent Finance Corp., Gtd. Notes, 144A | 5.375 | 08/15/27 | 1,040 | 949,453 | |
News Corp., Sr. Unsec’d. Notes, 144A | 3.875 | 05/15/29 | 325 | 278,270 | |
Nexstar Media, Inc., | |||||
Gtd. Notes, 144A | 4.750 | 11/01/28 | 150 | 126,227 | |
Gtd. Notes, 144A | 5.625 | 07/15/27 | 984 | 885,271 | |
Radiate Holdco LLC/Radiate Finance, Inc., | |||||
Sr. Sec’d. Notes, 144A | 4.500 | 09/15/26 | 610 | 467,675 | |
Sr. Unsec’d. Notes, 144A(aa) | 6.500 | 09/15/28 | 3,680 | 1,821,488 | |
Sinclair Television Group, Inc., Gtd. Notes, 144A | 5.125 | 02/15/27 | 1,495 | 1,183,235 | |
Univision Communications, Inc., | |||||
Sr. Sec’d. Notes, 144A | 4.500 | 05/01/29 | 400 | 318,048 | |
Sr. Sec’d. Notes, 144A(aa) | 5.125 | 02/15/25 | 1,620 | 1,582,739 | |
Sr. Sec’d. Notes, 144A(aa) | 6.625 | 06/01/27 | 2,135 | 1,950,121 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Media (cont’d.) | |||||
VZ Secured Financing BV (Netherlands), Sr. Sec’d. Notes, 144A | 5.000 % | 01/15/32 | 1,800 | $1,359,738 | |
37,017,148 | |||||
Metal Fabricate/Hardware 0.1% | |||||
Roller Bearing Co. of America, Inc., Sr. Unsec’d. Notes, 144A | 4.375 | 10/15/29 | 525 | 445,558 | |
Mining 2.3% | |||||
Arsenal AIC Parent LLC, Sr. Sec’d. Notes, 144A | 8.000 | 10/01/30 | 275 | 271,546 | |
Eldorado Gold Corp. (Turkey), Sr. Unsec’d. Notes, 144A | 6.250 | 09/01/29 | 1,425 | 1,216,594 | |
First Quantum Minerals Ltd. (Zambia), | |||||
Gtd. Notes, 144A | 6.875 | 03/01/26 | 200 | 175,450 | |
Gtd. Notes, 144A | 6.875 | 10/15/27 | 200 | 168,500 | |
Gtd. Notes, 144A(aa) | 7.500 | 04/01/25 | 2,804 | 2,615,011 | |
Gtd. Notes, 144A | 8.625 | 06/01/31 | 700 | 589,750 | |
Hecla Mining Co., Gtd. Notes(aa) | 7.250 | 02/15/28 | 700 | 672,635 | |
Hudbay Minerals, Inc. (Canada), | |||||
Gtd. Notes, 144A | 4.500 | 04/01/26 | 900 | 833,310 | |
Gtd. Notes, 144A | 6.125 | 04/01/29 | 1,270 | 1,133,475 | |
New Gold, Inc. (Canada), Gtd. Notes, 144A | 7.500 | 07/15/27 | 1,245 | 1,168,370 | |
Novelis Corp., | |||||
Gtd. Notes, 144A | 3.875 | 08/15/31 | 800 | 625,417 | |
Gtd. Notes, 144A | 4.750 | 01/30/30 | 275 | 234,095 | |
9,704,153 | |||||
Miscellaneous Manufacturing 0.5% | |||||
Amsted Industries, Inc., | |||||
Gtd. Notes, 144A(aa) | 5.625 | 07/01/27 | 1,075 | 993,242 | |
Sr. Unsec’d. Notes, 144A(aa) | 4.625 | 05/15/30 | 785 | 641,048 | |
Trinity Industries, Inc., Gtd. Notes, 144A | 7.750 | 07/15/28 | 550 | 543,161 | |
2,177,451 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Office/Business Equipment 0.1% | |||||
CDW LLC/CDW Finance Corp., Gtd. Notes | 3.250 % | 02/15/29 | 685 | $581,363 | |
Oil & Gas 8.8% | |||||
Aethon United BR LP/Aethon United Finance Corp., Sr. Unsec’d. Notes, 144A | 8.250 | 02/15/26 | 550 | 546,412 | |
Alta Mesa Holdings LP/Alta Mesa Finance Services Corp., Gtd. Notes | 7.875 | 12/15/24(d) | 5,325 | 533 | |
Antero Resources Corp., | |||||
Gtd. Notes, 144A | 5.375 | 03/01/30 | 775 | 707,736 | |
Gtd. Notes, 144A | 7.625 | 02/01/29 | 879 | 891,007 | |
Ascent Resources Utica Holdings LLC/ARU Finance Corp., | |||||
Gtd. Notes, 144A | 7.000 | 11/01/26 | 25 | 24,160 | |
Gtd. Notes, 144A | 9.000 | 11/01/27 | 527 | 666,136 | |
Sr. Unsec’d. Notes, 144A(aa) | 8.250 | 12/31/28 | 2,192 | 2,176,870 | |
Athabasca Oil Corp. (Canada), Sec’d. Notes, 144A(aa) | 9.750 | 11/01/26 | 1,650 | 1,703,625 | |
Chesapeake Energy Corp., | |||||
Gtd. Notes, 144A | 5.500 | 02/01/26 | 375 | 364,118 | |
Gtd. Notes, 144A | 5.875 | 02/01/29 | 750 | 706,319 | |
Gtd. Notes, 144A | 6.750 | 04/15/29 | 625 | 612,469 | |
CITGO Petroleum Corp., Sr. Sec’d. Notes, 144A | 7.000 | 06/15/25 | 1,175 | 1,155,594 | |
Civitas Resources, Inc., | |||||
Gtd. Notes, 144A | 8.375 | 07/01/28 | 725 | 730,204 | |
Gtd. Notes, 144A | 8.625 | 11/01/30 | 325 | 330,792 | |
CNX Resources Corp., Gtd. Notes, 144A | 7.250 | 03/14/27 | 1,175 | 1,157,103 | |
Comstock Resources, Inc., | |||||
Gtd. Notes, 144A | 5.875 | 01/15/30 | 600 | 512,991 | |
Gtd. Notes, 144A | 6.750 | 03/01/29 | 975 | 888,122 | |
Crescent Energy Finance LLC, | |||||
Gtd. Notes, 144A | 7.250 | 05/01/26 | 125 | 120,919 | |
Gtd. Notes, 144A | 9.250 | 02/15/28 | 850 | 861,990 | |
CrownRock LP/CrownRock Finance, Inc., | |||||
Sr. Unsec’d. Notes, 144A | 5.000 | 05/01/29 | 326 | 307,150 | |
Sr. Unsec’d. Notes, 144A | 5.625 | 10/15/25 | 525 | 520,041 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Oil & Gas (cont’d.) | |||||
Diamond Foreign Asset Co./Diamond Finance LLC, Sec’d. Notes, 144A | 8.500 % | 10/01/30 | 300 | $290,940 | |
Endeavor Energy Resources LP/EER Finance, Inc., Sr. Unsec’d. Notes, 144A | 5.750 | 01/30/28 | 925 | 887,826 | |
Hilcorp Energy I LP/Hilcorp Finance Co., | |||||
Sr. Unsec’d. Notes, 144A | 5.750 | 02/01/29 | 275 | 247,661 | |
Sr. Unsec’d. Notes, 144A | 6.000 | 04/15/30 | 850 | 754,993 | |
Sr. Unsec’d. Notes, 144A | 6.000 | 02/01/31 | 625 | 547,689 | |
Sr. Unsec’d. Notes, 144A(aa) | 6.250 | 11/01/28 | 1,808 | 1,690,475 | |
Sr. Unsec’d. Notes, 144A | 6.250 | 04/15/32 | 750 | 654,671 | |
MEG Energy Corp. (Canada), | |||||
Gtd. Notes, 144A | 5.875 | 02/01/29 | 375 | 349,687 | |
Gtd. Notes, 144A | 7.125 | 02/01/27 | 102 | 102,765 | |
Nabors Industries Ltd., | |||||
Gtd. Notes, 144A | 7.250 | 01/15/26 | 975 | 911,625 | |
Gtd. Notes, 144A | 7.500 | 01/15/28 | 1,325 | 1,166,000 | |
Nabors Industries, Inc., | |||||
Gtd. Notes(aa) | 5.750 | 02/01/25 | 1,400 | 1,358,889 | |
Gtd. Notes, 144A | 7.375 | 05/15/27 | 50 | 46,763 | |
Noble Finance II LLC, Gtd. Notes, 144A | 8.000 | 04/15/30 | 225 | 225,773 | |
Parkland Corp. (Canada), | |||||
Gtd. Notes, 144A | 4.500 | 10/01/29 | 525 | 451,552 | |
Gtd. Notes, 144A | 4.625 | 05/01/30 | 1,325 | 1,129,562 | |
Permian Resources Operating LLC, Gtd. Notes, 144A | 7.000 | 01/15/32 | 425 | 413,873 | |
Precision Drilling Corp. (Canada), | |||||
Gtd. Notes, 144A | 6.875 | 01/15/29 | 275 | 254,375 | |
Gtd. Notes, 144A(aa) | 7.125 | 01/15/26 | 1,210 | 1,184,287 | |
Range Resources Corp., | |||||
Gtd. Notes | 4.875 | 05/15/25 | 100 | 97,367 | |
Gtd. Notes, 144A | 4.750 | 02/15/30 | 575 | 511,404 | |
SilverBow Resources, Inc., Sec’d. Notes, 144A, 3 Month LIBOR + 0.750%^ | 13.052(c) | 12/15/28 | 1,900 | 1,866,750 | |
Southwestern Energy Co., | |||||
Gtd. Notes | 4.750 | 02/01/32 | 1,300 | 1,117,953 | |
Gtd. Notes | 5.375 | 02/01/29 | 375 | 346,947 | |
Gtd. Notes | 5.375 | 03/15/30 | 1,800 | 1,651,206 | |
Sunoco LP/Sunoco Finance Corp., | |||||
Gtd. Notes | 4.500 | 05/15/29 | 1,630 | 1,412,436 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Oil & Gas (cont’d.) | |||||
Sunoco LP/Sunoco Finance Corp., (cont’d.) | |||||
Gtd. Notes | 4.500 % | 04/30/30 | 700 | $600,316 | |
Transocean, Inc., | |||||
Gtd. Notes, 144A | 7.500 | 01/15/26 | 1,400 | 1,341,004 | |
Gtd. Notes, 144A | 8.000 | 02/01/27 | 100 | 93,551 | |
Valaris Ltd., Sec’d. Notes, 144A | 8.375 | 04/30/30 | 350 | 343,000 | |
Vital Energy, Inc., | |||||
Gtd. Notes | 9.750 | 10/15/30 | 225 | 220,558 | |
Gtd. Notes | 10.125 | 01/15/28 | 200 | 200,577 | |
37,456,766 | |||||
Packaging & Containers 2.4% | |||||
ARD Finance SA (Luxembourg), Sr. Sec’d. Notes, 144A, Cash coupon 6.500% or PIK 7.250%(aa) | 6.500 | 06/30/27 | 1,266 | 734,553 | |
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc., Sr. Unsec’d. Notes, 144A | 5.250 | 08/15/27 | 475 | 344,375 | |
Graham Packaging Co., Inc., Gtd. Notes, 144A(aa) | 7.125 | 08/15/28 | 1,360 | 1,055,024 | |
Graphic Packaging International LLC, Gtd. Notes | 4.125 | 08/15/24 | 300 | 293,537 | |
Intelligent Packaging Holdco Issuer LP (Canada), Sr. Unsec’d. Notes, 144A, Cash coupon 9.000% or PIK 9.750% | 9.000 | 01/15/26 | 300 | 252,000 | |
Intelligent Packaging Ltd. Finco, Inc./Intelligent Packaging Ltd. Co-Issuer LLC (Canada), Sr. Sec’d. Notes, 144A | 6.000 | 09/15/28 | 1,184 | 982,720 | |
LABL, Inc., | |||||
Sr. Sec’d. Notes, 144A | 5.875 | 11/01/28 | 425 | 363,108 | |
Sr. Sec’d. Notes, 144A | 6.750 | 07/15/26 | 250 | 230,369 | |
Sr. Sec’d. Notes, 144A | 9.500 | 11/01/28 | 200 | 194,571 | |
Sr. Unsec’d. Notes, 144A(aa) | 8.250 | 11/01/29 | 1,250 | 928,125 | |
Sr. Unsec’d. Notes, 144A | 10.500 | 07/15/27 | 800 | 695,569 | |
Mauser Packaging Solutions Holding Co., Sr. Sec’d. Notes, 144A | 7.875 | 08/15/26 | 650 | 608,989 | |
OI European Group BV, Gtd. Notes, 144A | 4.750 | 02/15/30 | 325 | 276,546 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Packaging & Containers (cont’d.) | |||||
Owens-Brockway Glass Container, Inc., | |||||
Gtd. Notes, 144A | 6.375 % | 08/15/25 | 500 | $487,634 | |
Gtd. Notes, 144A | 6.625 | 05/13/27 | 230 | 218,803 | |
Gtd. Notes, 144A | 7.250 | 05/15/31 | 400 | 366,030 | |
Pactiv Evergreen Group Issuer LLC/Pactiv Evergreen Group Issuer, Inc., Sr. Sec’d. Notes, 144A | 4.375 | 10/15/28 | 725 | 619,655 | |
Sealed Air Corp./Sealed Air Corp. US, Gtd. Notes, 144A | 6.125 | 02/01/28 | 150 | 142,670 | |
Trident TPI Holdings, Inc., Gtd. Notes, 144A(aa) | 12.750 | 12/31/28 | 1,275 | 1,306,793 | |
TriMas Corp., Gtd. Notes, 144A | 4.125 | 04/15/29 | 325 | 272,376 | |
10,373,447 | |||||
Pharmaceuticals 2.4% | |||||
AdaptHealth LLC, | |||||
Gtd. Notes, 144A(aa) | 4.625 | 08/01/29 | 1,225 | 915,911 | |
Gtd. Notes, 144A | 5.125 | 03/01/30 | 525 | 399,388 | |
Gtd. Notes, 144A | 6.125 | 08/01/28 | 845 | 698,458 | |
Bausch Health Americas, Inc., Gtd. Notes, 144A | 8.500 | 01/31/27 | 1,100 | 494,230 | |
Bausch Health Cos., Inc., | |||||
Gtd. Notes, 144A | 5.000 | 01/30/28 | 975 | 360,750 | |
Gtd. Notes, 144A | 5.000 | 02/15/29 | 1,150 | 399,625 | |
Gtd. Notes, 144A(aa) | 5.250 | 01/30/30 | 2,325 | 805,031 | |
Gtd. Notes, 144A | 5.250 | 02/15/31 | 2,635 | 922,250 | |
Gtd. Notes, 144A(aa) | 6.250 | 02/15/29 | 4,110 | 1,489,875 | |
Gtd. Notes, 144A | 7.000 | 01/15/28 | 250 | 102,500 | |
Gtd. Notes, 144A | 9.000 | 12/15/25 | 500 | 435,000 | |
Jazz Securities DAC, Sr. Sec’d. Notes, 144A | 4.375 | 01/15/29 | 355 | 307,075 | |
Organon & Co./Organon Foreign Debt Co-Issuer BV, | |||||
Sr. Sec’d. Notes, 144A | 4.125 | 04/30/28 | 375 | 323,961 | |
Sr. Unsec’d. Notes, 144A | 5.125 | 04/30/31 | 2,425 | 1,894,881 | |
P&L Development LLC/PLD Finance Corp., Sr. Sec’d. Notes, 144A | 7.750 | 11/15/25 | 950 | 637,938 | |
10,186,873 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Pipelines 5.4% | |||||
Antero Midstream Partners LP/Antero Midstream Finance Corp., | |||||
Gtd. Notes, 144A | 5.375 % | 06/15/29 | 975 | $888,640 | |
Gtd. Notes, 144A(aa) | 5.750 | 01/15/28 | 2,425 | 2,276,542 | |
Cheniere Energy Partners LP, Gtd. Notes | 4.000 | 03/01/31 | 1,575 | 1,318,526 | |
Cheniere Energy, Inc., Sr. Sec’d. Notes(aa) | 4.625 | 10/15/28 | 2,750 | 2,513,172 | |
CNX Midstream Partners LP, Gtd. Notes, 144A | 4.750 | 04/15/30 | 100 | 82,415 | |
Energy Transfer LP, Jr. Sub. Notes, Series G(aa) | 7.125(ff) | 05/15/30(oo) | 1,075 | 903,946 | |
EQM Midstream Partners LP, | |||||
Sr. Unsec’d. Notes | 5.500 | 07/15/28 | 50 | 46,687 | |
Sr. Unsec’d. Notes, 144A | 6.000 | 07/01/25 | 351 | 344,299 | |
Sr. Unsec’d. Notes, 144A | 6.500 | 07/01/27 | 1,275 | 1,245,285 | |
Sr. Unsec’d. Notes, 144A | 7.500 | 06/01/27 | 125 | 124,168 | |
Sr. Unsec’d. Notes, 144A | 7.500 | 06/01/30 | 525 | 516,749 | |
Global Partners LP/GLP Finance Corp., | |||||
Gtd. Notes | 6.875 | 01/15/29 | 375 | 333,312 | |
Gtd. Notes(aa) | 7.000 | 08/01/27 | 750 | 706,681 | |
Howard Midstream Energy Partners LLC, Sr. Unsec’d. Notes, 144A | 8.875 | 07/15/28 | 250 | 252,099 | |
Rockies Express Pipeline LLC, Sr. Unsec’d. Notes, 144A(aa) | 6.875 | 04/15/40 | 2,050 | 1,707,497 | |
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., | |||||
Gtd. Notes, 144A(aa) | 5.500 | 01/15/28 | 1,829 | 1,609,676 | |
Gtd. Notes, 144A | 6.000 | 12/31/30 | 450 | 381,474 | |
Gtd. Notes, 144A | 7.500 | 10/01/25 | 200 | 197,533 | |
Venture Global Calcasieu Pass LLC, | |||||
Sr. Sec’d. Notes, 144A | 3.875 | 08/15/29 | 985 | 821,757 | |
Sr. Sec’d. Notes, 144A | 4.125 | 08/15/31 | 285 | 229,588 | |
Sr. Sec’d. Notes, 144A | 6.250 | 01/15/30 | 300 | 283,026 | |
Venture Global LNG, Inc., | |||||
Sr. Sec’d. Notes, 144A | 9.500 | 02/01/29 | 2,350 | 2,383,623 | |
Sr. Sec’d. Notes, 144A(aa) | 9.875 | 02/01/32 | 2,500 | 2,535,589 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Pipelines (cont’d.) | |||||
Western Midstream Operating LP, | |||||
Sr. Unsec’d. Notes(aa) | 4.050 % | 02/01/30 | 1,275 | $1,104,113 | |
Sr. Unsec’d. Notes | 5.500 | 08/15/48 | 75 | 56,486 | |
22,862,883 | |||||
Real Estate 1.4% | |||||
Five Point Operating Co. LP/Five Point Capital Corp., Gtd. Notes, 144A | 7.875 | 11/15/25 | 1,325 | 1,250,614 | |
Greystar Real Estate Partners LLC, Sr. Sec’d. Notes, 144A | 7.750 | 09/01/30 | 250 | 245,598 | |
Howard Hughes Corp. (The), | |||||
Gtd. Notes, 144A | 4.125 | 02/01/29 | 1,175 | 953,019 | |
Gtd. Notes, 144A | 4.375 | 02/01/31 | 875 | 672,241 | |
Gtd. Notes, 144A | 5.375 | 08/01/28 | 590 | 519,190 | |
Hunt Cos., Inc., Sr. Sec’d. Notes, 144A | 5.250 | 04/15/29 | 1,700 | 1,340,359 | |
Realogy Group LLC/Realogy Co-Issuer Corp., | |||||
Gtd. Notes, 144A | 5.250 | 04/15/30 | 550 | 343,748 | |
Gtd. Notes, 144A | 5.750 | 01/15/29 | 700 | 442,497 | |
5,767,266 | |||||
Real Estate Investment Trusts (REITs) 2.1% | |||||
Diversified Healthcare Trust, | |||||
Gtd. Notes | 4.375 | 03/01/31 | 861 | 592,687 | |
Gtd. Notes | 9.750 | 06/15/25 | 1,275 | 1,237,312 | |
Sr. Unsec’d. Notes | 4.750 | 05/01/24 | 50 | 46,925 | |
Sr. Unsec’d. Notes(aa) | 4.750 | 02/15/28 | 1,375 | 1,001,617 | |
MPT Operating Partnership LP/MPT Finance Corp., | |||||
Gtd. Notes | 0.993 | 10/15/26 | EUR | 200 | 155,859 |
Gtd. Notes | 3.500 | 03/15/31 | 125 | 76,032 | |
Gtd. Notes(aa) | 5.000 | 10/15/27 | 2,125 | 1,646,210 | |
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer, Sr. Sec’d. Notes, 144A(aa) | 7.500 | 06/01/25 | 1,665 | 1,651,316 | |
RHP Hotel Properties LP/RHP Finance Corp., Gtd. Notes, 144A | 4.500 | 02/15/29 | 225 | 191,583 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Real Estate Investment Trusts (REITs) (cont’d.) | |||||
VICI Properties LP/VICI Note Co., Inc., | |||||
Gtd. Notes, 144A | 4.500 % | 01/15/28 | 2,000 | $1,808,929 | |
Gtd. Notes, 144A(aa) | 4.625 | 12/01/29 | 825 | 713,820 | |
9,122,290 | |||||
Retail 6.2% | |||||
1011778 BC ULC/New Red Finance, Inc. (Canada), | |||||
Sec’d. Notes, 144A(aa) | 4.000 | 10/15/30 | 2,600 | 2,120,638 | |
Sr. Sec’d. Notes, 144A | 3.875 | 01/15/28 | 338 | 300,820 | |
Arko Corp., Gtd. Notes, 144A | 5.125 | 11/15/29 | 625 | 506,540 | |
At Home Group, Inc., | |||||
Gtd. Notes, 144A | 7.125 | 07/15/29 | 1,100 | 229,042 | |
Sr. Sec’d. Notes, 144A | 4.875 | 07/15/28 | 125 | 42,748 | |
BCPE Ulysses Intermediate, Inc., Sr. Unsec’d. Notes, 144A, Cash coupon 7.750% or PIK 8.500% | 7.750 | 04/01/27 | 225 | 190,690 | |
Beacon Roofing Supply, Inc., Sr. Sec’d. Notes, 144A | 6.500 | 08/01/30 | 125 | 119,413 | |
Brinker International, Inc., | |||||
Gtd. Notes, 144A | 5.000 | 10/01/24 | 450 | 438,976 | |
Gtd. Notes, 144A | 8.250 | 07/15/30 | 900 | 869,016 | |
Carrols Restaurant Group, Inc., Gtd. Notes, 144A | 5.875 | 07/01/29 | 650 | 526,816 | |
eG Global Finance PLC (United Kingdom), | |||||
Sr. Sec’d. Notes | 4.375 | 02/07/25 | EUR | 654 | 675,387 |
Sr. Sec’d. Notes | 6.250 | 10/30/25 | EUR | 661 | 685,803 |
Sr. Sec’d. Notes, 144A | 6.750 | 02/07/25 | 725 | 717,315 | |
Sr. Sec’d. Notes, 144A | 8.500 | 10/30/25 | 1,450 | 1,424,625 | |
Ferrellgas LP/Ferrellgas Finance Corp., | |||||
Sr. Unsec’d. Notes, 144A (original cost $115,938; purchased 08/02/22 - 08/04/22)(f) | 5.375 | 04/01/26 | 125 | 117,085 | |
Sr. Unsec’d. Notes, 144A (original cost $850,675; purchased 08/02/22 - 08/22/22)(f) | 5.875 | 04/01/29 | 980 | 865,494 | |
Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc., | |||||
Gtd. Notes, 144A(aa) | 6.750 | 01/15/30 | 2,400 | 1,907,232 | |
Sr. Sec’d. Notes, 144A | 4.625 | 01/15/29 | 550 | 463,423 | |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Retail (cont’d.) | |||||
Foundation Building Materials, Inc., Gtd. Notes, 144A(aa) | 6.000 % | 03/01/29 | 1,150 | $948,578 | |
Gap, Inc. (The), | |||||
Gtd. Notes, 144A | 3.625 | 10/01/29 | 1,325 | 1,013,580 | |
Gtd. Notes, 144A | 3.875 | 10/01/31 | 800 | 576,402 | |
LBM Acquisition LLC, Gtd. Notes, 144A(aa) | 6.250 | 01/15/29 | 1,550 | 1,224,641 | |
LCM Investments Holdings II LLC, | |||||
Sr. Unsec’d. Notes, 144A | 4.875 | 05/01/29 | 1,550 | 1,301,763 | |
Sr. Unsec’d. Notes, 144A | 8.250 | 08/01/31 | 400 | 382,338 | |
Park River Holdings, Inc., | |||||
Gtd. Notes, 144A(aa) | 5.625 | 02/01/29 | 1,725 | 1,270,257 | |
Sr. Unsec’d. Notes, 144A | 6.750 | 08/01/29 | 200 | 152,193 | |
Patrick Industries, Inc., | |||||
Gtd. Notes, 144A | 4.750 | 05/01/29 | 375 | 306,619 | |
Gtd. Notes, 144A | 7.500 | 10/15/27 | 675 | 643,112 | |
Sally Holdings LLC/Sally Capital, Inc., Gtd. Notes(aa) | 5.625 | 12/01/25 | 1,975 | 1,908,802 | |
SRS Distribution, Inc., Gtd. Notes, 144A(aa) | 6.000 | 12/01/29 | 1,075 | 895,024 | |
Suburban Propane Partners LP/Suburban Energy Finance Corp., | |||||
Sr. Unsec’d. Notes | 5.875 | 03/01/27 | 610 | 580,859 | |
Sr. Unsec’d. Notes, 144A | 5.000 | 06/01/31 | 1,275 | 1,067,182 | |
Superior Plus LP/Superior General Partner, Inc. (Canada), Gtd. Notes, 144A | 4.500 | 03/15/29 | 1,500 | 1,275,000 | |
White Cap Buyer LLC, Sr. Unsec’d. Notes, 144A | 6.875 | 10/15/28 | 950 | 831,788 | |
26,579,201 | |||||
Software 0.8% | |||||
Black Knight InfoServ LLC, Gtd. Notes, 144A | 3.625 | 09/01/28 | 1,643 | 1,465,357 | |
Clarivate Science Holdings Corp., | |||||
Gtd. Notes, 144A | 4.875 | 07/01/29 | 1,425 | 1,201,473 | |
Sr. Sec’d. Notes, 144A | 3.875 | 07/01/28 | 1,075 | 926,734 | |
3,593,564 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Telecommunications 4.0% | |||||
Altice France SA (France), Sr. Sec’d. Notes, 144A(aa) | 8.125 % | 02/01/27 | 1,855 | $1,562,838 | |
Digicel Group Holdings Ltd. (Jamaica), Sr. Unsec’d. Notes, 144A, Cash coupon 5.000% and PIK 3.000% (original cost $711,770; purchased 01/04/22)(f) | 8.000 | 04/01/25(d) | 763 | 152,658 | |
Digicel International Finance Ltd./Digicel International Holdings Ltd. (Jamaica), | |||||
Gtd. Notes, 144A (original cost $152,500; purchased 03/09/23)(f) | 8.000 | 12/31/26(d) | 610 | 12,200 | |
Gtd. Notes, 144A, Cash coupon 13.000% (original cost $717,757; purchased 10/19/23)(f) | 13.000 | 12/31/25(d) | 1,025 | 707,526 | |
Sr. Sec’d. Notes, 144A (original cost $768,426; purchased 10/19/23)(f) | 8.750 | 05/25/24 | 850 | 778,542 | |
Sr. Sec’d. Notes, 144A (original cost $496,220; purchased 10/19/23)(f) | 8.750 | 05/25/24 | 525 | 480,865 | |
Digicel Ltd. (Jamaica), Gtd. Notes, 144A | 6.750 | 03/01/23(d) | 7,768 | 194,200 | |
Iliad Holding SASU (France), | |||||
Sr. Sec’d. Notes, 144A | 6.500 | 10/15/26 | 1,095 | 1,019,719 | |
Sr. Sec’d. Notes, 144A | 7.000 | 10/15/28 | 375 | 338,438 | |
Intelsat Jackson Holdings SA (Luxembourg), Sr. Sec’d. Notes, 144A(aa) | 6.500 | 03/15/30 | 2,365 | 2,075,287 | |
Level 3 Financing, Inc., | |||||
Gtd. Notes, 144A | 3.750 | 07/15/29 | 400 | 203,174 | |
Gtd. Notes, 144A | 4.250 | 07/01/28 | 1,555 | 878,162 | |
Gtd. Notes, 144A | 4.625 | 09/15/27 | 400 | 269,395 | |
Sr. Sec’d. Notes, 144A | 10.500 | 05/15/30 | 553 | 553,475 | |
Sprint Capital Corp., | |||||
Gtd. Notes | 6.875 | 11/15/28 | 700 | 716,127 | |
Gtd. Notes | 8.750 | 03/15/32 | 706 | 793,857 | |
Sprint LLC, | |||||
Gtd. Notes | 7.125 | 06/15/24 | 250 | 251,345 | |
Gtd. Notes(aa) | 7.625 | 02/15/25 | 2,725 | 2,762,449 | |
Viasat, Inc., | |||||
Sr. Unsec’d. Notes, 144A(aa) | 5.625 | 09/15/25 | 3,200 | 2,970,715 | |
Sr. Unsec’d. Notes, 144A | 7.500 | 05/30/31 | 500 | 326,937 | |
17,047,909 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Corporate Bonds (Continued) | |||||
Transportation 0.5% | |||||
Forward Air Corp., Sr. Sec’d. Notes, 144A | 9.500 % | 10/15/31 | 1,500 | $1,462,257 | |
XPO Escrow Sub LLC, Gtd. Notes, 144A | 7.500 | 11/15/27 | 325 | 324,577 | |
XPO, Inc., Gtd. Notes, 144A | 7.125 | 06/01/31 | 150 | 146,131 | |
1,932,965 | |||||
Trucking & Leasing 0.1% | |||||
Fortress Transportation & Infrastructure Investors LLC, Gtd. Notes, 144A | 5.500 | 05/01/28 | 450 | 409,906 | |
Total Corporate Bonds (cost $547,716,583) | 461,800,314 | ||||
Floating Rate and Other Loans 4.1% | |||||
Airlines 0.3% | |||||
United Airlines, Inc., Class B Term Loan, 1 Month SOFR + 3.864% | 9.189(c) | 04/21/28 | 1,199 | 1,200,709 | |
Chemicals 0.1% | |||||
Venator Finance Sarl, Term Loan, 3 Month SOFR + 10.000% | 15.426(c) | 10/12/28 | 598 | 584,897 | |
Computers 0.6% | |||||
McAfee Corp., Tranche B-1 Term Loan, 1 Month SOFR + 3.850% | 9.165(c) | 03/01/29 | 1,355 | 1,289,234 | |
NCR Atleos, LLC, Term B Loan, 1 Month SOFR + 4.850% | 10.176(c) | 03/27/29 | 1,100 | 1,049,584 | |
2,338,818 | |||||
Electric 0.1% | |||||
Heritage Power LLC, Term Loan B, 3 Month LIBOR + 6.000% | 12.500(c) | 07/30/26(d) | 2,004 | 401,352 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Floating Rate and Other Loans (Continued) | |||||
Housewares 0.2% | |||||
SWF Holdings I Corp., Initial Term Loan, 1 Month SOFR + 4.114% | 9.439 %(c) | 10/06/28 | 1,000 | $816,483 | |
Insurance 0.4% | |||||
Acrisure LLC, | |||||
2021-1 Additional Term Loan, 1 Month LIBOR + 3.750% | 9.189(c) | 02/15/27 | 473 | 463,137 | |
Term Loan B 2020, 1 Month LIBOR + 3.500% | 8.939(c) | 02/15/27 | 298 | 290,086 | |
Asurion LLC, New B-4 Term Loan, 1 Month SOFR + 5.364% | 10.689(c) | 01/20/29 | 1,080 | 920,700 | |
1,673,923 | |||||
Media 0.7% | |||||
CSC Holdings LLC, 2022 Refinancing Term Loan, 1 Month SOFR + 4.500% | 9.835(c) | 01/18/28 | 1,489 | 1,387,639 | |
Diamond Sports Group LLC, | |||||
First Lien Term Loan, 1 Month SOFR + 10.100% | 12.775(c) | 05/25/26 | 1,315 | 493,117 | |
Second Lien Term Loan, 6 Month SOFR + 3.500% | 8.669(c) | 08/24/26 | 3,201 | 36,012 | |
Radiate Holdco LLC, Amendment No. 6 Term Loan, 1 Month SOFR + 3.364% | 8.689(c) | 09/25/26 | 584 | 481,732 | |
Univision Communications, Inc., 2021 Replacement Term Loan, 1 Month SOFR + 3.364% | 8.689(c) | 03/15/26 | 433 | 429,067 | |
2,827,567 | |||||
Mining 0.5% | |||||
Rain Carbon GmbH (Germany), 2023 Replacement Term Loan, 3 Month EURIBOR + 5.000% | 8.787(c) | 10/31/28 | EUR | 2,000 | 2,089,747 |
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Floating Rate and Other Loans (Continued) | |||||
Retail 0.3% | |||||
EG America LLC (United Kingdom), New Term Loan B, 1 Month SOFR + 4.364% | 9.664 %(c) | 03/12/26 | 257 | $256,291 | |
Great Outdoors Group LLC, Term B-2 Loan, 3 Month SOFR + 4.012% | 9.402(c) | 03/06/28 | 1,191 | 1,180,326 | |
1,436,617 | |||||
Software 0.5% | |||||
Boxer Parent Co., Inc., | |||||
2021 Replacement Dollar Term Loan, 1 Month SOFR + 3.864% | 9.189(c) | 10/02/25 | 220 | 219,481 | |
Second Lien Incremental Term Loan, 1 Month SOFR + 5.614% | 10.939(c) | 02/27/26 | 350 | 346,937 | |
Skillsoft Finance II, Inc., Initial Term Loan, 1 Month SOFR + 5.364% | 10.699(c) | 07/14/28 | 1,699 | 1,542,199 | |
2,108,617 | |||||
Telecommunications 0.4% | |||||
Digicel International Finance Ltd. (Jamaica), First Lien Initial Term B Loan, 6 Month LIBOR + 3.250% | 8.981(c) | 05/27/24 | 174 | 158,713 | |
MLN US HoldCo LLC, | |||||
3L Term B Loans, 3 Month SOFR + 9.350%^ | 14.745(c) | 10/18/27 | 4 | 320 | |
Initial Term Loan, 3 Month SOFR + 6.440% | 11.935(c) | 10/18/27 | 25 | 17,019 | |
Initial Term Loan (Second Out (First Lien Roll-Up)), 3 Month SOFR + 6.800% | 12.195(c) | 10/18/27 | 57 | 14,567 | |
Xplornet Communications, Inc. (Canada), | |||||
First Lien Refinancing Term Loan, 3 Month SOFR + 4.262% | 9.652(c) | 10/02/28 | 1,956 | 1,302,290 | |
Initial Term Loan- Second Lien, 3 Month SOFR + 7.114% | 12.505(c) | 10/01/29 | 1,055 | 375,404 | |
1,868,313 | |||||
Total Floating Rate and Other Loans (cost $21,925,306) | 17,347,043 |
Description | Shares | Value | |||
Common Stocks 2.0% | |||||
Chemicals 0.7% | |||||
TPC Group, Inc. (original cost $734,508; purchased 12/15/22)*^(f) | 67,793 | $1,491,446 | |||
Venator Materials PLC* | 315,920,734 | 1,262,103 | |||
2,753,549 | |||||
Electric Utilities 0.2% | |||||
GenOn Energy Holdings, Inc. (Class A Stock)^ | 9,187 | 680,757 | |||
Keycon Power Holdings LLC^ | 2,600 | 265,200 | |||
945,957 | |||||
Gas Utilities 0.3% | |||||
Ferrellgas Partners LP (Class B Stock) (original cost $2,052,750; purchased 05/06/15 - 09/19/19)(f) | 7,475 | 1,277,661 | |||
Hotels, Restaurants & Leisure 0.1% | |||||
CEC Entertainment, Inc. | 22,321 | 394,345 | |||
Oil, Gas & Consumable Fuels 0.4% | |||||
Chesapeake Energy Corp. | 20,010 | 1,722,461 | |||
Wireless Telecommunication Services 0.3% | |||||
Intelsat Emergence SA (Luxembourg)* | 59,619 | 1,466,628 | |||
Total Common Stocks (cost $9,473,578) | 8,560,601 | ||||
Preferred Stock 0.6% | |||||
Electronic Equipment, Instruments & Components | |||||
Ferrellgas Escrow LLC, 8.956%, Maturing 03/30/31 (original cost $2,635,000; purchased 03/29/21 - 07/08/22)^(f) (cost $2,571,250) | 2,625 | 2,625,000 |
Units | |||||
Rights* 0.0% | |||||
Wireless Telecommunication Services | |||||
Intelsat Jackson Holdings SA, Series A (Luxembourg), CVR, expiring 12/05/25^ | 6,242 | 39,012 |
Description | Units | Value | |||
Rights* (Continued) | |||||
Wireless Telecommunication Services (cont’d.) | |||||
Intelsat Jackson Holdings SA, Series B (Luxembourg), CVR, expiring 12/05/25^ | 6,242 | $24,968 | |||
Total Rights (cost $150) | 63,980 | ||||
Total Long-Term Investments (cost $619,801,411) | 528,861,619 |
Shares | |||||
Short-Term Investment 4.0% | |||||
Affiliated Mutual Fund | |||||
PGIM Core Government Money Market Fund (cost $17,052,541)(wb) | 17,052,541 | 17,052,541 | |||
TOTAL INVESTMENTS 127.9% (cost $636,853,952) | 545,914,160 | ||||
Liabilities in excess of other assets(z) (27.9)% | (118,944,554) | ||||
Net Assets 100.0% | $426,969,606 |
EUR—Euro |
144A—Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, pursuant to the requirements of Rule 144A, may not be resold except to qualified institutional buyers. | |
BARC—Barclays Bank PLC | |
BNYM—Bank of New York Mellon | |
CDX—Credit Derivative Index | |
CLO—Collateralized Loan Obligation | |
CVR—Contingent Value Rights | |
DAC—Designated Activity Company | |
EURIBOR—Euro Interbank Offered Rate | |
GSI—Goldman Sachs International | |
iBoxx—Bond Market Indices | |
LIBOR—London Interbank Offered Rate | |
LP—Limited Partnership | |
MSI—Morgan Stanley & Co International PLC | |
OTC—Over-the-counter | |
PIK—Payment-in-Kind | |
Q—Quarterly payment frequency for swaps | |
REITs—Real Estate Investment Trust | |
SOFR—Secured Overnight Financing Rate |
T—Swap payment upon termination |
* | Non-income producing security. |
# | Principal or notional amount is shown in U.S. dollars unless otherwise stated. |
^ | Indicates a Level 3 instrument. The aggregate value of Level 3 instruments is $6,993,453 and 1.6% of net assets. |
(aa) | Represents security, or a portion thereof, with aggregate value of $167,152,357 segregated as collateral for amount of $130,000,000 borrowed and outstanding as of October 31, 2023. |
(c) | Variable rate instrument. The interest rate shown reflects the rate in effect at October 31, 2023. |
(d) | Represents issuer in default on interest payments and/or principal repayment. Non-income producing security. Such securities may be post-maturity. |
(f) | Indicates a restricted security that is acquired in unregistered, private sales from the issuing company or from an affiliate of the issuer and is considered restricted as to disposition under federal securities law; the aggregate original cost of such securities is $20,711,552. The aggregate value of $11,206,703 is 2.6% of net assets. |
(ff) | Variable rate security. Security may be issued at a fixed coupon rate, which converts to a variable rate at a specified date. Rate shown is the rate in effect as of period end. |
(oo) | Perpetual security. Maturity date represents next call date. |
(wb) | Represents an investment in a Fund affiliated with the Manager. |
(z) | Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments: |
Futures contracts outstanding at October 31, 2023: | ||||||||
Number of Contracts | Type | Expiration Date | Current Notional Amount | Value / Unrealized Appreciation (Depreciation) | ||||
Long Positions: | ||||||||
123 | 2 Year U.S. Treasury Notes | Dec. 2023 | $24,897,891 | $(83,644) | ||||
404 | 5 Year U.S. Treasury Notes | Dec. 2023 | 42,208,530 | (728,020) | ||||
142 | 10 Year U.S. Treasury Notes | Dec. 2023 | 15,076,407 | (507,282) | ||||
(1,318,946) | ||||||||
Short Positions: | ||||||||
11 | 20 Year U.S. Treasury Bonds | Dec. 2023 | 1,203,813 | 120,186 | ||||
2 | 30 Year U.S. Ultra Treasury Bonds | Dec. 2023 | 225,125 | 24,560 | ||||
144,746 | ||||||||
$(1,174,200) |
Purchase Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
Euro, | |||||||||||||
Expiring 11/02/23 | BNYM | EUR | 3,530 | $3,732,491 | $3,735,256 | $2,765 | $— |
Sale Contracts | Counterparty | Notional Amount (000) | Value at Settlement Date | Current Value | Unrealized Appreciation | Unrealized Depreciation | |||||||
OTC Forward Foreign Currency Exchange Contracts: | |||||||||||||
Euro, | |||||||||||||
Expiring 11/02/23 | BARC | EUR | 3,530 | $3,739,201 | $3,735,256 | $3,945 | $— | ||||||
Expiring 12/04/23 | BNYM | EUR | 3,530 | 3,737,295 | 3,740,572 | — | (3,277) | ||||||
$7,476,496 | $7,475,828 | 3,945 | (3,277) | ||||||||||
$6,710 | $(3,277) |
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Value at Trade Date | Value at October 31, 2023 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Credit Default Swap Agreement on credit indices - Buy Protection(1): | ||||||||||||||
CDX.NA.IG.41.V1 | 12/20/28 | 1.000%(Q) | 41,420 | $(581,678) | $(428,894) | $152,784 |
Reference Entity/ Obligation | Termination Date | Fixed Rate | Notional Amount (000)#(3) | Implied Credit Spread at October 31, 2023(4) | Value at Trade Date | Value at October 31, 2023 | Unrealized Appreciation (Depreciation) | ||||||||
Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2): | |||||||||||||||
CDX.NA.HY.41.V1 | 12/20/28 | 5.000%(Q) | 24,315 | 5.161% | $183,349 | $(8,822) | $(192,171) |
(1) | If the Fund is a buyer of protection, it pays the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and make delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
(2) | If the Fund is a seller of protection, it receives the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional |
amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. | |
(3) | Notional amount represents the maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
(4) | Implied credit spreads, represented in absolute terms, utilized in determining the fair value of credit default swap agreements where the Fund is the seller of protection as of the reporting date serve as an indicator of the current status of the payment/ performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include up-front payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood of risk of default or other credit event occurring as defined under the terms of the agreement. |
Total return swap agreements outstanding at October 31, 2023: | ||||||||||||||
Reference Entity | Financing Rate | Counterparty | Termination Date | Long (Short) Notional Amount (000)#(1) | Fair Value | Upfront Premiums Paid (Received) | Unrealized Appreciation (Depreciation)(2) | |||||||
OTC Total Return Swap Agreements: | ||||||||||||||
iBoxx US Dollar Liquid High Yield Index(T) | 1 Day SOFR(Q)/ 5.350% | MSI | 03/20/24 | 10,525 | $(275,297) | $— | $(275,297) | |||||||
iBoxx US Dollar Liquid Investment Grade Index(T) | 1 Day SOFR(Q)/ 5.350% | GSI | 12/20/23 | (5,060) | 256,387 | — | 256,387 | |||||||
$(18,910) | $— | $(18,910) |
(1) | On a long total return swap, the Fund receives payments for any positive return on the reference entity (makes payments for any negative return) and pays the financing rate. On a short total return swap, the Fund makes payments for any positive return on the reference entity (receives payments for any negative return) and receives the financing rate. |
(2) | Upfront/recurring fees or commissions, as applicable, are included in the net unrealized appreciation (depreciation). |
1 Year PGIM High Yield Chart |
1 Month PGIM High Yield Chart |
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