We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Pioneer High Income Fund Inc | NYSE:PHT | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.02 | -0.25% | 7.95 | 7.97 | 7.92 | 7.97 | 54,041 | 23:31:35 |
Ticker Symbol: PHT |
Principal Amount USD ($) | Value | |||||
UNAFFILIATED ISSUERS — 146.6% | ||||||
Senior Secured Floating Rate Loan Interests — 3.8% of Net Assets*(a) | ||||||
Auto Parts & Equipment — 0.6% | ||||||
1,393,447 | First Brands Group LLC, First Lien 2021 Term Loan, 10.252% (Term SOFR + 500 bps), 3/30/27 | $ 1,374,287 | ||||
Total Auto Parts & Equipment | $1,374,287 | |||||
Metal Processors & Fabrication — 0.5% | ||||||
1,120,050 | Grinding Media, Inc. (Molycop, Ltd.), First Lien Initial Term Loan, 9.199% (Term SOFR + 400 bps), 10/12/28 | $ 1,093,449 | ||||
Total Metal Processors & Fabrication | $1,093,449 | |||||
Oil-Field Services — 1.8% | ||||||
4,129,615 | ProFrac Holdings II LLC, Term Loan, 12.42% (Term SOFR + 725 bps), 3/4/25 | $ 4,139,939 | ||||
Total Oil-Field Services | $4,139,939 | |||||
Physical Practice Management — 0.3% | ||||||
940,118 | Team Health Holdings, Inc., Extended Term Loan, 10.352% (Term SOFR + 525 bps), 3/2/27 | $ 653,382 | ||||
Total Physical Practice Management | $653,382 | |||||
Telecom Services — 0.6% | ||||||
1,548,300 | Patagonia Holdco LLC, Amendment No.1 Term Loan, 10.789% (Term SOFR + 575 bps), 8/1/29 | $ 1,323,796 | ||||
Total Telecom Services | $1,323,796 | |||||
Total Senior Secured Floating Rate Loan Interests (Cost $8,741,323) | $8,584,853 | |||||
Shares | ||||||
Common Stocks — 0.3% of Net Assets | ||||||
Chemicals — 0.0%† | ||||||
22 | LyondellBasell Industries NV, Class A | $ 2,020 | ||||
Total Chemicals | $2,020 | |||||
Oil, Gas & Consumable Fuels — 0.0%† | ||||||
21(b) | Amplify Energy Corp. | $ 142 | ||||
8,027(b) | Petroquest Energy, Inc. | 402 | ||||
Total Oil, Gas & Consumable Fuels | $544 | |||||
Shares | Value | |||||
Passenger Airlines — 0.3% | ||||||
57,203(b)+ | Grupo Aeromexico SAB de CV | $ 668,376 | ||||
Total Passenger Airlines | $668,376 | |||||
Total Common Stocks (Cost $1,646,575) | $670,940 | |||||
Principal Amount USD ($) | ||||||
Collateralized Mortgage Obligations—2.3% of Net Assets | ||||||
710,000(a) | Connecticut Avenue Securities Trust, Series 2021-R01, Class 1B2, 11.067% (SOFR30A + 600 bps), 10/25/41 (144A) | $ 699,022 | ||||
120,000(a) | Fannie Mae Connecticut Avenue Securities, Series 2021-R02, Class 2B2, 11.267% (SOFR30A + 620 bps), 11/25/41 (144A) | 114,536 | ||||
430,000(a) | Freddie Mac STACR REMIC Trust, Series 2021-DNA7, Class B2, 12.867% (SOFR30A + 780 bps), 11/25/41 (144A) | 422,220 | ||||
450,000(a) | Freddie Mac STACR REMIC Trust, Series 2021-HQA3, Class B2, 11.317% (SOFR30A + 625 bps), 9/25/41 (144A) | 419,644 | ||||
610,000(a) | Freddie Mac STACR REMIC Trust, Series 2022-DNA2, Class B2, 13.567% (SOFR30A + 850 bps), 2/25/42 (144A) | 609,998 | ||||
1,370,000(a) | Freddie Mac STACR Trust, Series 2019-DNA3, Class B2, 13.30% (1 Month USD LIBOR + 815 bps), 7/25/49 (144A) | 1,473,428 | ||||
1,350,000(a) | STACR Trust, Series 2018-HRP2, Class B2, 15.65% (1 Month USD LIBOR + 1,050 bps), 2/25/47 (144A) | 1,500,445 | ||||
Total Collateralized Mortgage Obligations (Cost $5,241,773) | $5,239,293 | |||||
Commercial Mortgage-Backed Securities—3.8% of Net Assets | ||||||
496,069(a) | Capital Funding Mortgage Trust, Series 2020-9, Class B, 20.07% (1 Month USD LIBOR + 1,490 bps), 11/15/23 (144A) | $ 489,300 | ||||
605,000(a) | Capital Funding Mortgage Trust, Series 2021-8, Class B, 18.27% (1 Month USD LIBOR + 1,310 bps), 12/15/23 (144A) | 605,000 |
Principal Amount USD ($) | Value | |||||
Commercial Mortgage-Backed Securities—(continued) | ||||||
1,490,000(a) | Capital Funding Mortgage Trust, Series 2021-19, Class B, 20.38% (1 Month USD LIBOR + 1,521 bps), 11/6/23 (144A) | $ 1,449,860 | ||||
1,155,710(c) | FREMF Mortgage Trust, Series 2019-KJ24, Class B, 7.60%, 10/25/27 (144A) | 1,048,440 | ||||
1,500,000(a) | FREMF Mortgage Trust, Series 2019-KS12, Class C, 12.093% (1 Month USD LIBOR + 690 bps), 8/25/29 | 1,421,710 | ||||
284,681(a) | FREMF Mortgage Trust, Series 2020-KF74, Class C, 11.443% (1 Month USD LIBOR + 625 bps), 1/25/27 (144A) | 271,074 | ||||
389,627(a) | FREMF Mortgage Trust, Series 2020-KF83, Class C, 14.193% (1 Month USD LIBOR + 900 bps), 7/25/30 (144A) | 369,432 | ||||
1,169,388(a) | Med Trust, Series 2021-MDLN, Class G, 10.444% (1 Month USD LIBOR + 525 bps), 11/15/38 (144A) | 1,094,828 | ||||
2,500,000 | Wells Fargo Commercial Mortgage Trust, Series 2015-C28, Class E, 3.00%, 5/15/48 (144A) | 1,701,999 | ||||
Total Commercial Mortgage-Backed Securities (Cost $9,021,432) | $8,451,643 | |||||
Convertible Corporate Bonds — 2.5% of Net Assets | ||||||
Banks — 0.0%† | ||||||
IDR1,422,679,000 | PT Bakrie & Brothers Tbk, 7/31/23 | $ 10,249 | ||||
Total Banks | $10,249 | |||||
Chemicals — 1.8% | ||||||
4,000,000(d) | Hercules LLC, 6.50%, 6/30/29 | $ 4,073,629 | ||||
Total Chemicals | $4,073,629 | |||||
Entertainment — 0.7% | ||||||
1,455,000(e) | DraftKings Holdings, Inc., 3/15/28 | $ 1,085,430 | ||||
449,000 | IMAX Corp., 0.50%, 4/1/26 | 410,296 | ||||
Total Entertainment | $1,495,726 | |||||
Total Convertible Corporate Bonds (Cost $4,842,321) | $5,579,604 | |||||
Principal Amount USD ($) | Value | |||||
Corporate Bonds — 125.3% of Net Assets | ||||||
Advertising — 2.9% | ||||||
2,090,000 | Clear Channel Outdoor Holdings, Inc., 7.50%, 6/1/29 (144A) | $ 1,546,551 | ||||
900,000 | Clear Channel Outdoor Holdings, Inc., 7.75%, 4/15/28 (144A) | 706,500 | ||||
2,010,000 | Stagwell Global LLC, 5.625%, 8/15/29 (144A) | 1,720,022 | ||||
3,000,000 | Summer BC Bidco B LLC, 5.50%, 10/31/26 (144A) | 2,520,000 | ||||
Total Advertising | $6,493,073 | |||||
Aerospace & Defense — 2.0% | ||||||
2,150,000 | Bombardier, Inc., 6.00%, 2/15/28 (144A) | $ 2,031,974 | ||||
960,000 | Bombardier, Inc., 7.125%, 6/15/26 (144A) | 953,532 | ||||
740,000 | Spirit AeroSystems, Inc., 9.375%, 11/30/29 (144A) | 792,225 | ||||
740,000 | Triumph Group, Inc., 9.00%, 3/15/28 (144A) | 755,569 | ||||
Total Aerospace & Defense | $4,533,300 | |||||
Agriculture — 1.0% | ||||||
2,795,000 | Frigorifico Concepcion SA, 7.70%, 7/21/28 (144A) | $ 2,178,063 | ||||
Total Agriculture | $2,178,063 | |||||
Airlines — 6.1% | ||||||
420,000 | Allegiant Travel Co., 7.25%, 8/15/27 (144A) | $ 418,450 | ||||
355,000 | Delta Air Lines, Inc., 7.375%, 1/15/26 | 370,081 | ||||
3,255,000 | Grupo Aeromexico SAB de CV, 8.50%, 3/17/27 (144A) | 2,912,964 | ||||
330,000 | Latam Airlines Group SA, 13.375%, 10/15/29 (144A) | 357,092 | ||||
1,104,000 | Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets, Ltd., 6.50%, 6/20/27 (144A) | 1,106,756 | ||||
2,460,000 | Pegasus Hava Tasimaciligi AS, 9.25%, 4/30/26 (144A) | 2,452,374 | ||||
1,375,000 | Spirit Loyalty Cayman, Ltd./Spirit IP Cayman, Ltd., 8.00%, 9/20/25 (144A) | 1,385,278 | ||||
EUR1,600,000 | Transportes Aereos Portugueses SA, 5.625%, 12/2/24 (144A) | 1,713,402 |
Principal Amount USD ($) | Value | |||||
Airlines — (continued) | ||||||
1,470,000 | VistaJet Malta Finance Plc/Vista Management Holding, Inc., 9.50%, 6/1/28 (144A) | $ 1,349,681 | ||||
1,705,000 | VistaJet Malta Finance Plc/XO Management Holding, Inc., 7.875%, 5/1/27 (144A) | 1,531,857 | ||||
Total Airlines | $13,597,935 | |||||
Apparel — 0.4% | ||||||
870,000 | Hanesbrands, Inc., 9.00%, 2/15/31 (144A) | $ 876,843 | ||||
Total Apparel | $876,843 | |||||
Auto Manufacturers — 0.8% | ||||||
1,735,000 | JB Poindexter & Co., Inc., 7.125%, 4/15/26 (144A) | $ 1,696,362 | ||||
Total Auto Manufacturers | $1,696,362 | |||||
Auto Parts & Equipment — 2.1% | ||||||
2,375,000 | Adient Global Holdings, Ltd., 8.25%, 4/15/31 (144A) | $ 2,411,596 | ||||
2,460,000 | Dealer Tire LLC/DT Issuer LLC, 8.00%, 2/1/28 (144A) | 2,240,971 | ||||
Total Auto Parts & Equipment | $4,652,567 | |||||
Banks — 2.7% | ||||||
600,000(c)(f) | Bank of America Corp., 6.50% (3 Month Term SOFR + 444 bps) | $ 598,332 | ||||
1,931,000 | Freedom Mortgage Corp., 8.125%, 11/15/24 (144A) | 1,913,054 | ||||
1,680,000 | Freedom Mortgage Corp., 8.25%, 4/15/25 (144A) | 1,638,019 | ||||
675,000(c)(f) | Intesa Sanpaolo S.p.A., 7.70% (5 Year USD Swap Rate + 546 bps) (144A) | 633,656 | ||||
1,240,000(c) | Toronto-Dominion Bank, 8.125% (5 Year CMT Index + 408 bps), 10/31/82 | 1,259,691 | ||||
Total Banks | $6,042,752 | |||||
Biotechnology — 0.3% | ||||||
EUR745,000 | Cidron Aida Finco S.a.r.l., 5.00%, 4/1/28 (144A) | $ 734,810 | ||||
Total Biotechnology | $734,810 | |||||
Building Materials — 1.3% | ||||||
2,211,000 | Cornerstone Building Brands, Inc., 6.125%, 1/15/29 (144A) | $ 1,746,690 | ||||
1,140,000 | Knife River Corp., 7.75%, 5/1/31 (144A) | 1,154,273 | ||||
Total Building Materials | $2,900,963 | |||||
Principal Amount USD ($) | Value | |||||
Chemicals — 8.4% | ||||||
910,000 | Braskem Idesa SAPI, 6.99%, 2/20/32 (144A) | $ 589,487 | ||||
1,355,000 | LSF11 A5 HoldCo LLC, 6.625%, 10/15/29 (144A) | 1,131,695 | ||||
EUR885,000 | Lune Holdings S.a.r.l., 5.625%, 11/15/28 (144A) | 784,641 | ||||
2,250,000 | LYB Finance Co. BV, 8.10%, 3/15/27 (144A) | 2,427,137 | ||||
2,831,000 | Mativ Holdings, Inc., 6.875%, 10/1/26 (144A) | 2,477,691 | ||||
470,000 | Olin Corp., 9.50%, 6/1/25 (144A) | 494,390 | ||||
EUR1,355,000 | Olympus Water US Holding Corp., 9.625%, 11/15/28 (144A) | 1,419,433 | ||||
2,320,000 | Olympus Water US Holding Corp., 9.75%, 11/15/28 (144A) | 2,262,696 | ||||
2,316,000 | Rain CII Carbon LLC/CII Carbon Corp., 7.25%, 4/1/25 (144A) | 2,247,493 | ||||
2,500,000 | SCIL IV LLC/SCIL USA Holdings LLC, 5.375%, 11/1/26 (144A) | 2,279,103 | ||||
EUR1,005,000(g) | SCIL IV LLC/SCIL USA Holdings LLC, 9.50%, 7/15/28 (144A) | 1,096,656 | ||||
2,000,000 | Tronox, Inc., 4.625%, 3/15/29 (144A) | 1,662,066 | ||||
Total Chemicals | $18,872,488 | |||||
Commercial Services — 6.8% | ||||||
1,645,000 | Allied Universal Holdco LLC/Allied Universal Finance Corp., 6.00%, 6/1/29 (144A) | $ 1,213,854 | ||||
350,000 | Allied Universal Holdco LLC/Allied Universal Finance Corp., 6.625%, 7/15/26 (144A) | 332,130 | ||||
1,905,000 | Allied Universal Holdco LLC/Allied Universal Finance Corp., 9.75%, 7/15/27 (144A) | 1,683,931 | ||||
790,000 | Atento Luxco 1 SA, 8.00%, 2/10/26 (144A) | 125,618 | ||||
2,116,000 | Garda World Security Corp., 6.00%, 6/1/29 (144A) | 1,733,972 | ||||
2,059,000 | Garda World Security Corp., 9.50%, 11/1/27 (144A) | 1,989,186 | ||||
319,000 | Herc Holdings, Inc., 5.50%, 7/15/27 (144A) | 305,649 | ||||
1,470,000 | Neptune Bidco US, Inc., 9.29%, 4/15/29 (144A) | 1,349,478 | ||||
915,000 | NESCO Holdings II, Inc., 5.50%, 4/15/29 (144A) | 818,925 | ||||
4,155,000 | Prime Security Services Borrower LLC/Prime Finance, Inc., 6.25%, 1/15/28 (144A) | 3,892,410 | ||||
1,093,000 | Sotheby's, 7.375%, 10/15/27 (144A) | 983,036 | ||||
862,000 | Verscend Escrow Corp., 9.75%, 8/15/26 (144A) | 864,666 | ||||
Total Commercial Services | $15,292,855 | |||||
Principal Amount USD ($) | Value | |||||
Computers — 0.4% | ||||||
980,000 | NCR Corp., 5.00%, 10/1/28 (144A) | $ 874,582 | ||||
Total Computers | $874,582 | |||||
Distribution/Wholesale — 1.1% | ||||||
1,105,000 | Ritchie Bros Holdings, Inc., 7.75%, 3/15/31 (144A) | $ 1,146,355 | ||||
1,325,000(g) | Windsor Holdings III LLC, 8.50%, 6/15/30 (144A) | 1,318,799 | ||||
Total Distribution/Wholesale | $2,465,154 | |||||
Diversified Financial Services — 10.4% | ||||||
2,150,000 | ASG Finance Designated Activity Co., 7.875%, 12/3/24 (144A) | $ 2,079,050 | ||||
1,291,551(h) | Avation Capital SA, 8.25% (9.00% PIK or 8.25% Cash), 10/31/26 (144A) | 1,124,189 | ||||
4,055,000 | Bread Financial Holdings, Inc., 7.00%, 1/15/26 (144A) | 3,822,684 | ||||
140,000(i) | Credito Real SAB de CV SOFOM ER, 8.00%, 1/21/28 (144A) | 16,100 | ||||
1,500,000(i) | Credito Real SAB de CV SOFOM ER, 9.50%, 2/7/26 (144A) | 171,000 | ||||
EUR480,000 | Garfunkelux Holdco 3 SA, 6.75%, 11/1/25 (144A) | 382,356 | ||||
GBP820,000 | Garfunkelux Holdco 3 SA, 7.75%, 11/1/25 (144A) | 743,560 | ||||
350,000 | GGAM Finance, Ltd., 7.75%, 5/15/26 (144A) | 351,313 | ||||
1,805,000 | GGAM Finance, Ltd., 8.00%, 6/15/28 (144A) | 1,805,921 | ||||
2,225,479(h) | Global Aircraft Leasing Co., Ltd., 6.50% (7.25% PIK or 6.50% Cash), 9/15/24 (144A) | 2,037,092 | ||||
2,900,000 | Jefferies Finance LLC/JFIN Co.-Issuer Corp., 5.00%, 8/15/28 (144A) | 2,377,461 | ||||
845,000 | Nationstar Mortgage Holdings, Inc., 6.00%, 1/15/27 (144A) | 786,091 | ||||
1,445,000 | OneMain Finance Corp., 9.00%, 1/15/29 | 1,457,210 | ||||
755,000 | PHH Mortgage Corp., 7.875%, 3/15/26 (144A) | 674,366 | ||||
3,415,000 | Provident Funding Associates LP/PFG Finance Corp., 6.375%, 6/15/25 (144A) | 3,005,200 | ||||
1,051,000 | United Wholesale Mortgage LLC, 5.50%, 4/15/29 (144A) | 901,232 | ||||
1,860,000 | United Wholesale Mortgage LLC, 5.75%, 6/15/27 (144A) | 1,698,106 | ||||
Total Diversified Financial Services | $23,432,931 | |||||
Principal Amount USD ($) | Value | |||||
Electric — 1.3% | ||||||
825,000 | Cemig Geracao e Transmissao SA, 9.25%, 12/5/24 (144A) | $ 832,219 | ||||
676,000 | NRG Energy, Inc., 6.625%, 1/15/27 | 671,052 | ||||
281,461 | NSG Holdings LLC/NSG Holdings, Inc., 7.75%, 12/15/25 (144A) | 279,350 | ||||
1,045,000 | Talen Energy Supply LLC, 8.625%, 6/1/30 (144A) | 1,081,575 | ||||
6,000 | Vistra Operations Co. LLC, 5.625%, 2/15/27 (144A) | 5,751 | ||||
Total Electric | $2,869,947 | |||||
Electrical Components & Equipments — 1.7% | ||||||
2,600,000 | Energizer Holdings, Inc., 6.50%, 12/31/27 (144A) | $ 2,499,700 | ||||
750,000 | WESCO Distribution, Inc., 7.125%, 6/15/25 (144A) | 757,901 | ||||
520,000 | WESCO Distribution, Inc., 7.25%, 6/15/28 (144A) | 530,429 | ||||
Total Electrical Components & Equipments | $3,788,030 | |||||
Energy-Alternate Sources — 0.1% | ||||||
202,777(h) | SCC Power Plc, 4.00% (4.00% PIK or 4.00% Cash), 5/17/32 (144A) | $ 19,974 | ||||
374,357(h) | SCC Power Plc, 8.00% (4.00% PIK or 4.00% Cash or 8.00% Cash), 12/31/28 (144A) | 127,281 | ||||
Total Energy-Alternate Sources | $147,255 | |||||
Engineering & Construction — 0.2% | ||||||
475,000 | Brundage-Bone Concrete Pumping Holdings, Inc., 6.00%, 2/1/26 (144A) | $ 449,786 | ||||
Total Engineering & Construction | $449,786 | |||||
Entertainment — 5.2% | ||||||
2,264,138 | AMC Entertainment Holdings, Inc., 10.00%, 6/15/26 (144A) | $ 1,624,519 | ||||
EUR247,360 | Cirsa Finance International S.a.r.l., 6.25%, 12/20/23 (144A) | 268,704 | ||||
395,000 | International Game Technology Plc, 6.25%, 1/15/27 (144A) | 393,519 | ||||
208,000 | International Game Technology Plc, 6.50%, 2/15/25 (144A) | 208,000 | ||||
EUR755,000 | Lottomatica S.p.A., 9.75%, 9/30/27 (144A) | 888,735 | ||||
EUR730,000 | Lottomatica S.p.A./Roma, 7.125%, 6/1/28 (144A) | 813,110 |
Principal Amount USD ($) | Value | |||||
Entertainment — (continued) | ||||||
1,880,000 | Mohegan Tribal Gaming Authority, 8.00%, 2/1/26 (144A) | $ 1,795,400 | ||||
1,910,000 | Scientific Games International, Inc., 7.00%, 5/15/28 (144A) | 1,899,803 | ||||
1,910,000 | Scientific Games International, Inc., 7.25%, 11/15/29 (144A) | 1,912,387 | ||||
2,035,000 | SeaWorld Parks & Entertainment, Inc., 5.25%, 8/15/29 (144A) | 1,821,481 | ||||
Total Entertainment | $11,625,658 | |||||
Environmental Control — 0.4% | ||||||
766,000 | Tervita Corp., 11.00%, 12/1/25 (144A) | $ 812,618 | ||||
Total Environmental Control | $812,618 | |||||
Food — 0.7% | ||||||
531,000 | Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC, 7.50%, 3/15/26 (144A) | $ 540,000 | ||||
1,043,000 | FAGE International SA/FAGE USA Dairy Industry, Inc., 5.625%, 8/15/26 (144A) | 982,163 | ||||
Total Food | $1,522,163 | |||||
Healthcare-Products — 0.8% | ||||||
1,809,000 | Varex Imaging Corp., 7.875%, 10/15/27 (144A) | $ 1,794,546 | ||||
Total Healthcare-Products | $1,794,546 | |||||
Healthcare-Services — 5.4% | ||||||
975,000 | Auna SAA, 6.50%, 11/20/25 (144A) | $ 804,375 | ||||
580,000 | CHS/Community Health Systems, Inc., 5.625%, 3/15/27 (144A) | 511,118 | ||||
265,000 | CHS/Community Health Systems, Inc., 6.00%, 1/15/29 (144A) | 222,931 | ||||
580,000 | Legacy LifePoint Health LLC, 6.75%, 4/15/25 (144A) | 538,716 | ||||
385,000 | LifePoint Health, Inc., 5.375%, 1/15/29 (144A) | 227,401 | ||||
2,640,000 | Prime Healthcare Services, Inc., 7.25%, 11/1/25 (144A) | 2,501,427 | ||||
1,406,000 | Surgery Center Holdings, Inc., 10.00%, 4/15/27 (144A) | 1,437,635 | ||||
3,800,000 | Tenet Healthcare Corp., 6.125%, 6/15/30 | 3,745,660 |
Principal Amount USD ($) | Value | |||||
Healthcare-Services — (continued) | ||||||
1,645,000 | US Acute Care Solutions LLC, 6.375%, 3/1/26 (144A) | $ 1,408,531 | ||||
2,500,000 | US Renal Care, Inc., 10.625%, 7/15/27 (144A) | 625,000 | ||||
Total Healthcare-Services | $12,022,794 | |||||
Home Builders — 1.3% | ||||||
475,000 | Beazer Homes USA, Inc., 6.75%, 3/15/25 | $ 471,437 | ||||
1,155,000 | Beazer Homes USA, Inc., 7.25%, 10/15/29 | 1,122,332 | ||||
1,680,000 | Brookfield Residential Properties, Inc./Brookfield Residential US LLC, 4.875%, 2/15/30 (144A) | 1,317,939 | ||||
Total Home Builders | $2,911,708 | |||||
Household Products/Wares — 0.7% | ||||||
2,050,000 | Spectrum Brands, Inc., 3.875%, 3/15/31 (144A) | $ 1,681,000 | ||||
Total Household Products/Wares | $1,681,000 | |||||
Insurance — 5.6% | ||||||
3,800,000 | Hanover Insurance Group, Inc., 7.625%, 10/15/25 | $ 3,891,339 | ||||
3,075,000(c) | Liberty Mutual Group, Inc., 10.75% (3 Month USD LIBOR + 712 bps), 6/15/58 (144A) | 3,995,901 | ||||
3,000,000 | Liberty Mutual Insurance Co., 7.697%, 10/15/97 (144A) | 3,358,572 | ||||
1,100,000 | MetLife, Inc., 10.75%, 8/1/39 | 1,419,769 | ||||
Total Insurance | $12,665,581 | |||||
Internet — 0.1% | ||||||
205,000 | Expedia Group, Inc., 6.25%, 5/1/25 (144A) | $ 205,667 | ||||
Total Internet | $205,667 | |||||
Iron & Steel — 1.7% | ||||||
1,855,000 | Carpenter Technology Corp., 7.625%, 3/15/30 | $ 1,875,964 | ||||
2,235,000 | TMS International Corp., 6.25%, 4/15/29 (144A) | 1,877,400 | ||||
Total Iron & Steel | $3,753,364 | |||||
Leisure Time — 4.7% | ||||||
215,000 | Carnival Corp., 7.625%, 3/1/26 (144A) | $ 210,571 | ||||
EUR280,000 | Carnival Corp., 7.625%, 3/1/26 (144A) | 296,446 | ||||
285,000 | Carnival Corp., 10.50%, 2/1/26 (144A) | 299,596 | ||||
235,000 | Carnival Holdings Bermuda, Ltd., 10.375%, 5/1/28 (144A) | 257,026 | ||||
EUR731,000 | Carnival Plc, 1.00%, 10/28/29 | 492,914 | ||||
1,295,000 | NCL Corp., Ltd., 5.875%, 3/15/26 (144A) | 1,211,555 | ||||
2,435,000 | NCL Corp., Ltd., 7.75%, 2/15/29 (144A) | 2,312,787 |
Principal Amount USD ($) | Value | |||||
Leisure Time — (continued) | ||||||
360,000 | NCL Finance, Ltd., 6.125%, 3/15/28 (144A) | $ 324,007 | ||||
745,000 | Royal Caribbean Cruises, Ltd., 5.50%, 4/1/28 (144A) | 694,742 | ||||
272,000 | Royal Caribbean Cruises, Ltd., 11.50%, 6/1/25 (144A) | 288,592 | ||||
1,360,000 | Royal Caribbean Cruises, Ltd., 11.625%, 8/15/27 (144A) | 1,478,917 | ||||
2,790,000 | Viking Cruises, Ltd., 6.25%, 5/15/25 (144A) | 2,734,200 | ||||
Total Leisure Time | $10,601,353 | |||||
Lodging — 0.3% | ||||||
725,000 | Travel + Leisure Co., 6.625%, 7/31/26 (144A) | $ 719,489 | ||||
Total Lodging | $719,489 | |||||
Media — 3.5% | ||||||
2,500,000 | CCO Holdings LLC/CCO Holdings Capital Corp., 4.75%, 2/1/32 (144A) | $ 2,038,700 | ||||
118,000 | Cengage Learning, Inc., 9.50%, 6/15/24 (144A) | 118,301 | ||||
2,200,000 | CSC Holdings LLC, 4.625%, 12/1/30 (144A) | 978,862 | ||||
1,925,000 | CSC Holdings LLC, 5.00%, 11/15/31 (144A) | 896,488 | ||||
1,057,000 | Gray Television, Inc., 7.00%, 5/15/27 (144A) | 901,779 | ||||
3,530,000 | McGraw-Hill Education, Inc., 8.00%, 8/1/29 (144A) | 3,012,890 | ||||
Total Media | $7,947,020 | |||||
Metal Fabricate/Hardware — 0.5% | ||||||
1,185,000 | Park-Ohio Industries, Inc., 6.625%, 4/15/27 | $ 1,046,948 | ||||
Total Metal Fabricate/Hardware | $1,046,948 | |||||
Mining — 3.1% | ||||||
940,000 | Arconic Corp., 6.125%, 2/15/28 (144A) | $ 951,660 | ||||
1,665,000 | Coeur Mining, Inc., 5.125%, 2/15/29 (144A) | 1,373,625 | ||||
375,000 | First Quantum Minerals, Ltd., 6.875%, 3/1/26 (144A) | 369,151 | ||||
705,000 | First Quantum Minerals, Ltd., 6.875%, 10/15/27 (144A) | 687,728 | ||||
2,840,000 | First Quantum Minerals, Ltd., 8.625%, 6/1/31 (144A) | 2,910,659 | ||||
692,000 | Hudbay Minerals, Inc., 6.125%, 4/1/29 (144A) | 637,173 | ||||
Total Mining | $6,929,996 | |||||
Principal Amount USD ($) | Value | |||||
Miscellaneous Manufacturing — 1.3% | ||||||
2,880,000 | Trinity Industries, Inc., 7.75%, 7/15/28 (144A) | $ 2,898,000 | ||||
Total Miscellaneous Manufacturing | $2,898,000 | |||||
Oil & Gas — 15.6% | ||||||
2,430,000 | Aethon United BR LP/Aethon United Finance Corp., 8.25%, 2/15/26 (144A) | $ 2,387,475 | ||||
1,105,000 | Ascent Resources Utica Holdings LLC/ARU Finance Corp., 5.875%, 6/30/29 (144A) | 985,816 | ||||
2,140,000 | Baytex Energy Corp., 8.50%, 4/30/30 (144A) | 2,089,859 | ||||
4,000,000 | Baytex Energy Corp., 8.75%, 4/1/27 (144A) | 4,050,700 | ||||
624,000 | Cenovus Energy, Inc., 6.75%, 11/15/39 | 654,146 | ||||
1,225,000 | Civitas Resources, Inc., 8.375%, 7/1/28 (144A) | 1,238,843 | ||||
1,225,000 | Civitas Resources, Inc., 8.75%, 7/1/31 (144A) | 1,241,905 | ||||
2,135,000 | Harbour Energy Plc, 5.50%, 10/15/26 (144A) | 1,956,328 | ||||
830,000 | Hilcorp Energy I LP/Hilcorp Finance Co., 6.00%, 2/1/31 (144A) | 739,843 | ||||
833,000 | International Petroleum Corp., 7.25%, 2/1/27 (144A) | 774,190 | ||||
870,000 | Kosmos Energy, Ltd., 7.75%, 5/1/27 (144A) | 743,897 | ||||
1,010,000 | MEG Energy Corp., 5.875%, 2/1/29 (144A) | 949,820 | ||||
1,535,000 | MEG Energy Corp., 7.125%, 2/1/27 (144A) | 1,559,687 | ||||
1,280,000 | Murphy Oil Corp., 6.375%, 7/15/28 | 1,261,598 | ||||
1,109,000 | Nabors Industries, Ltd., 7.50%, 1/15/28 (144A) | 970,442 | ||||
2,000,000 | Neptune Energy Bondco Plc, 6.625%, 5/15/25 (144A) | 1,996,460 | ||||
415,000 | Noble Finance II LLC, 8.00%, 4/15/30 (144A) | 421,922 | ||||
2,010,000 | Occidental Petroleum Corp., 4.40%, 4/15/46 | 1,552,256 | ||||
692,000 | Petroleos Mexicanos, 6.70%, 2/16/32 | 526,165 | ||||
579,000 | Precision Drilling Corp., 6.875%, 1/15/29 (144A) | 523,137 | ||||
2,269,000 | Shelf Drilling Holdings, Ltd., 8.25%, 2/15/25 (144A) | 2,117,650 | ||||
1,015,000 | Shelf Drilling Holdings, Ltd., 8.875%, 11/15/24 (144A) | 1,013,173 | ||||
885,000 | Southwestern Energy Co., 4.75%, 2/1/32 | 779,983 | ||||
285,000 | Transocean Titan Financing, Ltd., 8.375%, 2/1/28 (144A) | 291,056 | ||||
2,075,000 | Tullow Oil Plc, 10.25%, 5/15/26 (144A) | 1,576,979 | ||||
1,705,000 | Valaris, Ltd., 8.375%, 4/30/30 (144A) | 1,710,729 | ||||
1,000,000 | YPF SA, 6.95%, 7/21/27 (144A) | 820,651 | ||||
Total Oil & Gas | $34,934,710 | |||||
Principal Amount USD ($) | Value | |||||
Oil & Gas Services — 2.2% | ||||||
385,000 | Archrock Partners LP/Archrock Partners Finance Corp., 6.25%, 4/1/28 (144A) | $ 361,461 | ||||
2,583,000 | Archrock Partners LP/Archrock Partners Finance Corp., 6.875%, 4/1/27 (144A) | 2,479,680 | ||||
1,445,000 | Enerflex, Ltd., 9.00%, 10/15/27 (144A) | 1,405,942 | ||||
703,000 | USA Compression Partners LP/USA Compression Finance Corp., 6.875%, 9/1/27 | 671,291 | ||||
Total Oil & Gas Services | $4,918,374 | |||||
Packaging & Containers — 0.6% | ||||||
1,355,000 | Owens-Brockway Glass Container, Inc., 7.25%, 5/15/31 (144A) | $ 1,371,938 | ||||
Total Packaging & Containers | $1,371,938 | |||||
Pharmaceuticals — 2.8% | ||||||
2,750,000 | Owens & Minor, Inc., 6.625%, 4/1/30 (144A) | $ 2,494,965 | ||||
2,365,000 | P&L Development LLC/PLD Finance Corp., 7.75%, 11/15/25 (144A) | 1,922,539 | ||||
579,000 | Par Pharmaceutical, Inc., 7.50%, 4/1/27 (144A) | 427,900 | ||||
392,000 | Teva Pharmaceutical Finance Netherlands III BV, 2.80%, 7/21/23 | 390,999 | ||||
1,095,000 | Teva Pharmaceutical Finance Netherlands III BV, 7.875%, 9/15/29 | 1,128,433 | ||||
1,300,000+ | Tricida, Inc., 5/15/27 | — | ||||
Total Pharmaceuticals | $6,364,836 | |||||
Pipelines — 7.1% | ||||||
1,759,167 | Acu Petroleo Luxembourg S.a.r.l., 7.50%, 1/13/32 (144A) | $ 1,516,631 | ||||
910,000 | DCP Midstream Operating LP, 5.60%, 4/1/44 | 862,538 | ||||
1,210,000 | Delek Logistics Partners LP/Delek Logistics Finance Corp., 6.75%, 5/15/25 | 1,188,825 | ||||
1,060,000 | Delek Logistics Partners LP/Delek Logistics Finance Corp., 7.125%, 6/1/28 (144A) | 982,088 | ||||
1,524,000(a) | Energy Transfer LP, 8.317% (3 Month USD LIBOR + 302 bps), 11/1/66 | 1,169,674 | ||||
1,965,000(c)(f) | Energy Transfer LP, 7.125% (5 Year CMT Index + 531 bps) | 1,666,166 | ||||
248,000 | EnLink Midstream Partners LP, 5.05%, 4/1/45 | 197,845 | ||||
270,000 | EnLink Midstream Partners LP, 5.45%, 6/1/47 | 221,941 | ||||
717,000 | EnLink Midstream Partners LP, 5.60%, 4/1/44 | 600,290 | ||||
770,000 | Genesis Energy LP/Genesis Energy Finance Corp., 8.00%, 1/15/27 | 750,828 |
Principal Amount USD ($) | Value | |||||
Pipelines — (continued) | ||||||
421,000 | Global Partners LP/GLP Finance Corp., 7.00%, 8/1/27 | $ 408,509 | ||||
1,515,000 | Harvest Midstream I LP, 7.50%, 9/1/28 (144A) | 1,502,032 | ||||
1,150,000 | NuStar Logistics LP, 6.375%, 10/1/30 | 1,097,148 | ||||
720,000 | Venture Global LNG, Inc., 8.125%, 6/1/28 (144A) | 731,257 | ||||
1,355,000 | Venture Global LNG, Inc., 8.375%, 6/1/31 (144A) | 1,366,067 | ||||
1,801,000 | Williams Cos., Inc., 5.75%, 6/24/44 | 1,754,606 | ||||
Total Pipelines | $16,016,445 | |||||
REITs — 1.5% | ||||||
2,275,000 | MPT Operating Partnership LP/MPT Finance Corp., 3.50%, 3/15/31 | $ 1,567,515 | ||||
230,000 | Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC, 6.00%, 1/15/30 (144A) | 155,825 | ||||
1,555,000 | Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, 10.50%, 2/15/28 (144A) | 1,542,659 | ||||
Total REITs | $3,265,999 | |||||
Retail — 1.3% | ||||||
1,365,000 | LCM Investments Holdings II LLC, 4.875%, 5/1/29 (144A) | $ 1,168,087 | ||||
1,192,000 | Patrick Industries, Inc., 7.50%, 10/15/27 (144A) | 1,153,260 | ||||
798,000 | Staples, Inc., 7.50%, 4/15/26 (144A) | 659,078 | ||||
Total Retail | $2,980,425 | |||||
Software — 1.0% | ||||||
2,245,000 | AthenaHealth Group, Inc., 6.50%, 2/15/30 (144A) | $ 1,889,482 | ||||
1,350,000 | Rackspace Technology Global, Inc., 5.375%, 12/1/28 (144A) | 419,091 | ||||
Total Software | $2,308,573 | |||||
Telecommunications — 4.8% | ||||||
1,495,000 | Altice France Holding SA, 6.00%, 2/15/28 (144A) | $ 728,799 | ||||
1,169,000 | Altice France Holding SA, 10.50%, 5/15/27 (144A) | 707,865 | ||||
270,000 | Altice France SA, 5.125%, 1/15/29 (144A) | 192,482 | ||||
1,934,000 | CommScope Technologies LLC, 6.00%, 6/15/25 (144A) | 1,802,622 | ||||
1,910,000 | CommScope, Inc., 4.75%, 9/1/29 (144A) | 1,505,845 |
Principal Amount USD ($) | Value | |||||
Telecommunications — (continued) | ||||||
119,296(i) | Digicel International Finance Ltd/Digicel international Holdings, Ltd., 8.00%, 12/31/26 (144A) | $ 20,280 | ||||
3,080,000 | Sprint LLC, 7.125%, 6/15/24 | 3,107,545 | ||||
41,000 | Sprint LLC, 7.625%, 3/1/26 | 42,590 | ||||
3,135,000 | Windstream Escrow LLC/Windstream Escrow Finance Corp., 7.75%, 8/15/28 (144A) | 2,601,754 | ||||
Total Telecommunications | $10,709,782 | |||||
Transportation — 2.8% | ||||||
2,640,000 | Carriage Purchaser, Inc., 7.875%, 10/15/29 (144A) | $ 1,984,444 | ||||
1,375,000 | Danaos Corp., 8.50%, 3/1/28 (144A) | 1,379,400 | ||||
1,225,000 | Rand Parent LLC, 8.50%, 2/15/30 (144A) | 1,109,057 | ||||
820,000 | Seaspan Corp., 5.50%, 8/1/29 (144A) | 642,404 | ||||
1,240,000 | Watco Cos. LLC/Watco Finance Corp., 6.50%, 6/15/27 (144A) | 1,178,371 | ||||
3,305,000 | Western Global Airlines LLC, 10.375%, 8/15/25 (144A) | 16,525 | ||||
Total Transportation | $6,310,201 | |||||
Trucking & Leasing — 0.3% | ||||||
690,000 | Fortress Transportation and Infrastructure Investors LLC, 9.75%, 8/1/27 (144A) | $ 712,612 | ||||
Total Trucking & Leasing | $712,612 | |||||
Total Corporate Bonds (Cost $302,088,976) | $280,931,496 | |||||
Shares | ||||||
Convertible Preferred Stock — 0.4% of Net Assets | ||||||
Banks — 0.4% | ||||||
752(f) | Wells Fargo & Co., 7.50% | $ 866,304 | ||||
Total Banks | $866,304 | |||||
Total Convertible Preferred Stock (Cost $950,539) | $866,304 | |||||
Preferred Stock — 1.4% of Net Assets | ||||||
Capital Markets — 0.0%† | ||||||
2,144 | B Riley Financial, Inc., 6.75%, 5/31/24 | $ 52,957 | ||||
Total Capital Markets | $52,957 | |||||
Shares | Value | |||||
Communications Equipment — 0.0%† | ||||||
129,055 | MYT Holding LLC, 10.00%, 6/6/29 | $ 74,206 | ||||
Total Communications Equipment | $74,206 | |||||
Financial Services — 1.4% | ||||||
3,000(c)(f) | Compeer Financial ACA, 6.75% (3 Month USD LIBOR + 484 bps) (144A) | $ 3,009,087 | ||||
Total Financial Services | $3,009,087 | |||||
Total Preferred Stock (Cost $3,288,282) | $3,136,250 | |||||
Right/Warrant — 0.0%† of Net Assets | ||||||
Aerospace & Defense — 0.0%† | ||||||
GBP21,700(b) | Avation Plc, 1/1/59 | $ 8,957 | ||||
Total Aerospace & Defense | $8,957 | |||||
Total Right/Warrant (Cost $—) | $8,957 | |||||
Principal Amount USD ($) | ||||||
Insurance-Linked Securities — 5.7% of Net Assets# | ||||||
Event Linked Bonds — 0.7% | ||||||
Flood – U.S. — 0.3% | ||||||
250,000(a) | FloodSmart Re, 17.114%, (3 Month U.S. Treasury Bill + 1,183 bps), 2/25/25 (144A) | $ 236,325 | ||||
250,000(a) | FloodSmart Re, 18.864%, (3 Month U.S. Treasury Bill + 1,358 bps), 3/1/24 (144A) | 234,475 | ||||
250,000(a) | FloodSmart Re, 21.534%, (1 Month U.S. Treasury Bill + 1,625 bps), 3/11/26 (144A) | 252,000 | ||||
$722,800 | ||||||
Multiperil – U.S. — 0.3% | ||||||
250,000(a) | Matterhorn Re, 10.341%, (SOFR + 525 bps), 3/24/25 (144A) | $ 237,100 | ||||
250,000(a) | Matterhorn Re, 12.841%, (SOFR + 775 bps), 3/24/25 (144A) | 237,475 | ||||
250,000(a) | Residential Reinsurance Re 2021, 17.194%, (3 Month U.S. Treasury Bill + 1,191 bps), 12/6/25 (144A) | 223,375 | ||||
$697,950 | ||||||
Principal Amount USD ($) | Value | |||||
Windstorm – U.S. — 0.1% | ||||||
250,000(a) | Bonanza Re, 13.534%, (3 Month U.S. Treasury Bill + 825 bps), 1/8/26 (144A) | $ 247,525 | ||||
Total Event Linked Bonds | $1,668,275 | |||||
Face Amount USD ($) | ||||||
Collateralized Reinsurance — 0.4% | ||||||
Multiperil – Massachusetts — 0.2% | ||||||
350,000(b)(j)+ | Portsalon Re 2022, 5/31/28 | $ 320,922 | ||||
Multiperil – U.S. — 0.1% | ||||||
250,000(b)(j)+ | Ballybunion Re 2023, 12/31/28 | $ 257,065 | ||||
Multiperil – Worldwide — 0.1% | ||||||
250,000(j)+ | Amaranth Re 2023, 12/31/28 | $ 235,511 | ||||
500,000(b)(j)+ | Cypress Re 2017, 1/31/24 | 50 | ||||
54,000(b)(j)+ | Limestone Re 2019-2B, 10/1/23 (144A) | — | ||||
$235,561 | ||||||
Total Collateralized Reinsurance | $813,548 | |||||
Reinsurance Sidecars — 4.6% | ||||||
Multiperil – U.S. — 0.0%† | ||||||
500,000(b)(k)+ | Harambee Re 2018, 12/31/24 | $ — | ||||
600,000(k)+ | Harambee Re 2019, 12/31/24 | 1,020 | ||||
$1,020 | ||||||
Multiperil – Worldwide — 4.6% | ||||||
24,550(k)+ | Alturas Re 2019-3, 9/12/23 | $ 2,308 | ||||
40,466(k)+ | Alturas Re 2022-2, 12/31/27 | 18,359 | ||||
1,000,000(b)(j)+ | Bantry Re 2022, 12/31/27 | 116,861 | ||||
1,500,000(b)+ | Bantry Re 2023, 12/31/28 | 1,627,500 | ||||
834,446(b)(j)+ | Berwick Re 2019-1, 12/31/24 | 133,094 | ||||
1,000,000(b)(j)+ | Berwick Re 2022, 12/31/27 | 63,758 | ||||
1,000,000(b)+ | Berwick Re 2023, 12/31/28 | 1,075,000 | ||||
750,000(b)(j)+ | Gleneagles Re 2022, 12/31/27 | 370,743 | ||||
1,063,659(j)+ | Gullane Re 2023, 12/31/28 | 1,149,053 | ||||
499,318(b)(k)+ | Lorenz Re 2019, 6/30/24 | 5,542 | ||||
500,000(j)+ | Merion Re 2018-2, 12/31/24 | 34,992 | ||||
1,000,000(b)(j)+ | Merion Re 2022-2, 12/31/27 | 948,112 | ||||
350,000(b)(j)+ | Pangaea Re 2022-3, 5/31/28 | 378,088 | ||||
1,250,000(b)(j)+ | Pangaea Re 2023-1, 12/31/28 | 1,343,750 | ||||
20,000(j)+ | Sector Re V, 12/1/24 (144A) | 34,426 |
Face Amount USD ($) | Value | |||||
Multiperil – Worldwide — (continued) | ||||||
30,000(b)(j)+ | Sector Re V, 12/1/26 (144A) | $ 172,485 | ||||
1,000,000(b)(j)+ | Sector Re V, 12/1/27 (144A) | 1,070,500 | ||||
250,000(j)+ | Sussex Re 2020-1, 12/31/24 | 325 | ||||
1,500,000(k)+ | Thopas Re 2022, 12/31/27 | — | ||||
1,596,147(b)(k)+ | Thopas Re 2023, 12/31/28 | 1,732,618 | ||||
253,645(b)(j)+ | Woburn Re 2018, 12/31/24 | 5,600 | ||||
244,914(b)(j)+ | Woburn Re 2019, 12/31/24 | 42,390 | ||||
$10,325,504 | ||||||
Total Reinsurance Sidecars | $10,326,524 | |||||
Total Insurance-Linked Securities (Cost $12,121,474) | $12,808,347 | |||||
Principal Amount USD ($) | ||||||
Foreign Government Bond — 0.1% of Net Assets | ||||||
Russia — 0.1% | ||||||
382,800(i)(l) | Russian Government International Bond, 7.500%, 3/31/30 | $ 249,907 | ||||
Total Russia | $249,907 | |||||
Total Foreign Government Bond (Cost $313,578) | $249,907 | |||||
Shares | ||||||
SHORT TERM INVESTMENTS — 1.0% of Net Assets | ||||||
Open-End Fund — 1.0% | ||||||
2,219,629(m) | Dreyfus Government Cash Management, Institutional Shares, 5.00% | $ 2,219,629 | ||||
$2,219,629 | ||||||
TOTAL SHORT TERM INVESTMENTS (Cost $2,219,629) | $2,219,629 | |||||
Number of Contracts | Description | Counterparty | Amount | Strike Price | Expiration Date | Value |
Over The Counter (OTC) Currency Put Option Purchased — 0.0%† | ||||||
3,150,000 | Put EUR Call USD | Citibank NA | EUR 66,331 | EUR 1.02 | 11/28/23 | $5,028 |
Total Over The Counter (OTC) Currency Put Option Purchased (Premiums paid $ 66,331) | $5,028 | |||||
TOTAL OPTIONS PURCHASED (Premiums paid $ 66,331) | $5,028 | |||||
TOTAL INVESTMENTS IN UNAFFILIATED ISSUERS — 146.6% (Cost $350,542,233) | $328,752,251 | |||||
Over The Counter (OTC) Currency Call Option Written — (0.0%)† | ||||||
3,150,000 | Call EUR Put USD | Citibank NA | EUR 66,331 | EUR 1.10 | 11/28/23 | $(55,313) |
Total Over The Counter (OTC) Currency Call Option Written (Premiums received $66,331) | $(55,313) | |||||
OTHER ASSETS AND LIABILITIES — (46.6)% | $(104,523,827) | |||||
net assets — 100.0% | $224,173,111 | |||||
bps | Basis Points. |
CMT | Constant Maturity Treasury Index. |
FREMF | Freddie Mac Multifamily Fixed-Rate Mortgage Loans. |
LIBOR | London Interbank Offered Rate. |
SOFR | Secured Overnight Financing Rate. |
SOFR30A | Secured Overnight Financing Rate 30 Day Average. |
(144A) | The resale of such security is exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold normally to qualified institutional buyers. At June 30, 2023, the value of these securities amounted to $259,131,875, or 115.6% of net assets. |
(a) | Floating rate note. Coupon rate, reference index and spread shown at June 30, 2023. |
(b) | Non-income producing security. |
(c) | The interest rate is subject to change periodically. The interest rate and/or reference index and spread shown at June 30, 2023. |
(d) | Security is priced as a unit. |
(e) | Security issued with a zero coupon. Income is recognized through accretion of discount. |
(f) | Security is perpetual in nature and has no stated maturity date. |
(g) | Securities purchased on a when-issued basis. Rates do not take effect until settlement date. |
(h) | Payment-in-kind (PIK) security which may pay interest in the form of additional principal amount. |
(i) | Security is in default. |
(j) | Issued as participation notes. |
(k) | Issued as preference shares. |
(l) | Debt obligation initially issued at one coupon which converts to a higher coupon at a specific date. The rate shown is the rate at June 30, 2023. |
(m) | Rate periodically changes. Rate disclosed is the 7-day yield at June 30, 2023. |
* | Senior secured floating rate loan interests in which the Fund invests generally pay interest at rates that are periodically re-determined by reference to a base lending rate plus a premium. These base lending rates are generally (i) the lending rate offered by one or more major European banks, such as LIBOR or SOFR, (ii) the prime rate offered by one or more major United States banks, (iii) the rate of a certificate of deposit or (iv) other base lending rates used by commercial lenders. The interest rate shown is the rate accruing at June 30, 2023. |
† | Amount rounds to less than 0.1%. |
+ | Security is valued using significant unobservable inputs (Level 3). |
# | Securities are restricted as to resale. |
Restricted Securities | Acquisition date | Cost | Value |
Alturas Re 2019-3 | 6/26/2019 | $24,550 | $2,308 |
Alturas Re 2022-2 | 4/11/2023 | 15,227 | 18,359 |
Amaranth Re 2023 | 1/27/2023 | 208,962 | 235,511 |
Ballybunion Re 2023 | 3/20/2023 | 250,000 | 257,065 |
Bantry Re 2022 | 1/28/2022 | 74,179 | 116,861 |
Bantry Re 2023 | 1/12/2023 | 1,500,000 | 1,627,500 |
Berwick Re 2019-1 | 12/31/2018 | 99,709 | 133,094 |
Berwick Re 2022 | 12/28/2021 | 62,358 | 63,758 |
Berwick Re 2023 | 2/1/2023 | 1,000,000 | 1,075,000 |
Bonanza Re | 1/6/2023 | 250,000 | 247,525 |
Cypress Re 2017 | 1/24/2017 | 1,681 | 50 |
FloodSmart Re | 2/8/2022 | 248,716 | 234,475 |
FloodSmart Re | 2/14/2022 | 250,000 | 236,325 |
FloodSmart Re | 2/23/2023 | 250,000 | 252,000 |
Gleneagles Re 2022 | 1/18/2022 | 347,306 | 370,743 |
Gullane Re 2023 | 1/20/2023 | 1,063,659 | 1,149,053 |
Harambee Re 2018 | 12/19/2017 | 10,612 | — |
Harambee Re 2019 | 12/20/2018 | — | 1,020 |
Limestone Re 2019-2B | 6/20/2018 | 359 | — |
Lorenz Re 2019 | 6/26/2019 | 93,773 | 5,542 |
Matterhorn Re | 3/10/2022 | 250,000 | 237,100 |
Matterhorn Re | 3/10/2022 | 250,000 | 237,475 |
Merion Re 2018-2 | 12/28/2017 | — | 34,992 |
Merion Re 2022-2 | 2/22/2022 | 1,000,000 | 948,112 |
Pangaea Re 2022-3 | 6/15/2022 | 350,000 | 378,088 |
Pangaea Re 2023-1 | 1/23/2023 | 1,250,000 | 1,343,750 |
Portsalon Re 2022 | 7/15/2022 | 283,022 | 320,922 |
Residential Reinsurance Re 2021 | 10/28/2021 | 250,000 | 223,375 |
Restricted Securities | Acquisition date | Cost | Value |
Sector Re V | 1/1/2020 | $529 | $34,426 |
Sector Re V | 12/6/2021 | 30,000 | 172,485 |
Sector Re V | 12/30/2022 | 1,000,000 | 1,070,500 |
Sussex Re 2020-1 | 1/23/2020 | — | 325 |
Thopas Re 2022 | 2/7/2022 | — | — |
Thopas Re 2023 | 2/15/2023 | 1,596,147 | 1,732,618 |
Woburn Re 2018 | 3/20/2018 | 76,754 | 5,600 |
Woburn Re 2019 | 1/30/2019 | 33,931 | 42,390 |
Total Restricted Securities | $12,808,347 | ||
% of Net assets | 5.7% |
Currency Purchased | In Exchange for | Currency Sold | Deliver | Counterparty | Settlement Date | Unrealized Appreciation |
EUR | 297,000 | USD | 321,899 | Citibank NA | 8/25/23 | $3,089 |
EUR | 5,000,000 | USD | 5,467,604 | JPMorgan Chase Bank NA | 9/28/23 | 13,420 |
USD | 5,885,851 | EUR | 5,332,500 | JPMorgan Chase Bank NA | 7/25/23 | 59,489 |
USD | 770,808 | GBP | 605,000 | State Street Bank & Trust Co. | 9/26/23 | 2,316 |
TOTAL FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS | $78,314 |
Notional Amount ($)(1) | Counterparty | Reference Obligation /Index | Pay/ Receive(2) | Annual Fixed Rate | Expiration Date | Premiums (Received) | Unrealized Appreciation (Depreciation) | Market Value |
988,000 | JPMorgan Chase Bank NA | United Airlines Holdings, Inc. | Receive | 5.00% | 6/20/27 | $(72,944) | $111,609 | $38,665 |
329,000 | JPMorgan Chase Bank NA | United Airlines Holdings, Inc. | Receive | 5.00% | 6/20/27 | (27,679) | 40,555 | 12,875 |
433,000 | JPMorgan Chase Bank NA | United Airlines Holdings, Inc. | Receive | 5.00% | 6/20/27 | (36,450) | 53,395 | 16,945 |
TOTAL OVER THE COUNTER (OTC) CREDIT DEFAULT SWAP CONTRACTS – SELL PROTECTION | $(137,073) | $205,559 | $68,485 | |||||
TOTAL SWAP CONTRACTS | $(137,073) | $205,559 | $68,485 |
(1) | The notional amount is the maximum amount that a seller of credit protection would be obligated to pay upon occurrence of a credit event. |
(2) | Receives quarterly. |
EUR | — Euro |
GBP | — Great British Pound |
IDR | — Indonesian Rupiah |
USD | — United States Dollar |
Level 1 | – | unadjusted quoted prices in active markets for identical securities. |
Level 2 | – | other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
Level 3 | – | significant unobservable inputs (including the Adviser's own assumptions in determining fair value of investments). |
Level 1 | Level 2 | Level 3 | Total | |
Senior Secured Floating Rate Loan Interests | $— | $8,584,853 | $— | $8,584,853 |
Common Stocks | ||||
Chemicals | 2,020 | — | — | 2,020 |
Oil, Gas & Consumable Fuels | 142 | 402 | — | 544 |
Passenger Airlines | — | — | 668,376 | 668,376 |
Collateralized Mortgage Obligations | — | 5,239,293 | — | 5,239,293 |
Commercial Mortgage-Backed Securities | — | 8,451,643 | — | 8,451,643 |
Convertible Corporate Bonds | — | 5,579,604 | — | 5,579,604 |
Corporate Bonds | — | 280,931,496 | — | 280,931,496 |
Convertible Preferred Stock | 866,304 | — | — | 866,304 |
Preferred Stock | ||||
Capital Markets | 52,957 | — | — | 52,957 |
All Other Preferred Stock | — | 3,083,293 | — | 3,083,293 |
Right/Warrant | 8,957 | — | — | 8,957 |
Insurance-Linked Securities | ||||
Collateralized Reinsurance | ||||
Multiperil – Massachusetts | — | — | 320,922 | 320,922 |
Multiperil – U.S. | — | — | 257,065 | 257,065 |
Multiperil – Worldwide | — | — | 235,561 | 235,561 |
Reinsurance Sidecars | ||||
Multiperil – U.S. | — | — | 1,020 | 1,020 |
Multiperil – Worldwide | — | — | 10,325,504 | 10,325,504 |
All Other Insurance-Linked Securities | — | 1,668,275 | — | 1,668,275 |
Foreign Government Bond | — | 249,907 | — | 249,907 |
Open-End Fund | 2,219,629 | — | — | 2,219,629 |
Over The Counter (OTC) Currency Put Option Purchased | — | 5,028 | — | 5,028 |
Total Investments in Securities | $3,150,009 | $313,793,794 | $11,808,448 | $328,752,251 |
Level 1 | Level 2 | Level 3 | Total | |
Other Financial Instruments | ||||
Credit Agreement(a) | $— | $(108,500,000) | $— | $(108,500,000) |
Over The Counter (OTC) Currency Call Option Written | — | (55,313) | — | (55,313) |
Net unrealized appreciation on forward foreign currency exchange contracts | — | 78,314 | — | 78,314 |
Swap contracts, at value | — | 68,485 | — | 68,485 |
Total Other Financial Instruments | $— | $(108,408,514) | $— | $(108,408,514) |
(a) | The Fund may hold liabilities in which the fair value approximates the carrying amount for financial statement purposes. |
Common Stocks | Insurance- Linked Securities | Total | |
Balance as of 3/31/23 | $634,883 | $10,623,431 | $11,258,314 |
Realized gain (loss) | — | (386,160) | (386,160) |
Changed in unrealized appreciation (depreciation) | 33,493 | 656,644 | 690,137 |
Accrued discounts/premiums | — | (21,815) | (21,815) |
Purchases | — | 589,406 | 589,406 |
Sales | — | (321,434) | (321,434) |
Transfers in to Level 3* | — | — | — |
Transfers out of Level 3* | — | — | — |
Balance as of 6/30/23 | $668,376 | $11,140,072 | $11,808,448 |
* | Transfers are calculated on the beginning of period value. During the period ended June 30, 2023, therewere no transfers in or out of Level 3. | ||
Net change in unrealized appreciation (depreciation) of Level 3 investments still held and considered Level 3 at June 30, 2023: | $404,734 |
1 Year Pioneer High Income Chart |
1 Month Pioneer High Income Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions