1
Portfolio
of
Investments
October
31,
2024
JFR
(Unaudited)
SHARES
DESCRIPTION
RATE
VALUE
LONG-TERM
INVESTMENTS
-
160.0%
(97.5%
of
Total
Investments)
568,152
$25
PAR
(OR
SIMILAR)
RETAIL
PREFERRED
-
0
.1
%
(
0
.0
%
of
Total
Investments)
568,152
TRANSPORTATION
-
0.1%
(0.0%
of
Total
Investments)
9,712
ACBL
HLDG
CORP
0.000
$
568,152
TOTAL
TRANSPORTATION
568,152
TOTAL
$25
PAR
(OR
SIMILAR)
RETAIL
PREFERRED
(Cost
$296,216)
568,152
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
ASSET-BACKED
SECURITIES
-
1.0%
(0.6%
of
Total
Investments)
–
$
750,000
(a),(b)
Battalion
CLO
XI
Ltd,
(3-Month
LIBOR
+
7.112%),
2017
11A
8
.034
%
04/24/34
689,663
2,000,000
(a),(b)
Dryden
50
Senior
Loan
Fund,
(3-Month
LIBOR
+
6.522%),
2017
50A
11
.178
07/15/30
1,991,526
3,000,000
(a),(b)
Flatiron
CLO
19
Ltd,
(TSFR3M
+
6.362%),
2019
1A
11
.457
11/16/34
3,011,853
750,000
(a),(b)
Magnetite
XXVII
Ltd,
(TSFR3M
+
6.262%),
2020
27A
10
.879
10/20/34
755,792
2,875,000
(a),(b)
Neuberger
Berman
Loan
Advisers
CLO
48
Ltd,
(TSFR3M
+
0.032%),
2022
48A
7
.826
04/25/36
2,888,978
2,500,000
(a),(b)
Rockford
Tower
CLO
2017-3
Ltd,
(3-Month
LIBOR
+
6.012%),
2017
3A
6
.813
10/20/30
2,506,783
TOTAL
ASSET-BACKED
SECURITIES
(Cost
$11,735,313)
11,844,595
SHARES
DESCRIPTION
VALUE
26939911
COMMON
STOCKS
-
2
.2
%
(
1
.3
%
of
Total
Investments)
26939911
BANKS
-
0.1%
(0.0%
of
Total
Investments)
573
(c),(d)
BLOOM
PARENT
INC
572,645
TOTAL
BANKS
572,645
CAPITAL
GOODS
-
0.0%
(0.0%
of
Total
Investments)
4,865
(d)
TNT
Crane
&
Rigging
Inc
4,865
8,626
(d)
TNT
Crane
&
Rigging
Inc
86
TOTAL
CAPITAL
GOODS
4,951
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
-
0.0%
(0.0%
of
Total
Investments)
749
(c),(d)
Belk
Inc
5,992
20,857
(d)
Jo-Ann
Stores
LLC
11,993
TOTAL
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
17,985
CONSUMER
SERVICES
-
0.5%
(0.3%
of
Total
Investments)
332,537
(d)
24
Hour
Fitness
Worldwide
Inc
16,627
699,154
(d)
24
Hour
Fitness
Worldwide
Inc
6,992
57,279
(d)
Cengage
Learning
Holdings
II
Inc
1,041,790
5,252,513
(d)
Crown
Finance
US
Inc
5,253,414
TOTAL
CONSUMER
SERVICES
6,318,823
ENERGY
-
0.5%
(0.3%
of
Total
Investments)
42,689
Chord
Energy
Corp
5,340,394
215,829
(d)
Transocean
Ltd
936,698
TOTAL
ENERGY
6,277,092
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
0.0%
(0.0%
of
Total
Investments)
167,590
(c),(d)
Millennium
Health
LLC
16,759
157,320
(c),(d)
Millennium
Health
LLC
1,573
195,344
(d)
Onex
Carestream
Finance
LP
341,852
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
360,184
MATERIALS
-
0.0%
(0.0%
of
Total
Investments)
80
LyondellBasell
Industries
NV,
Class
A
6,948
TOTAL
MATERIALS
6,948
MEDIA
&
ENTERTAINMENT
-
0.7%
(0.5%
of
Total
Investments)
34,846
(d)
Catalina
Marketing
Corp
348
410,147
(d)
Cineworld
Group
PLC
9,125,771
TOTAL
MEDIA
&
ENTERTAINMENT
9,126,119
Portfolio
of
Investments
October
31,
2024
(continued)
JFR
2
SHARES
DESCRIPTION  
VALUE
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
-
0.0%
(0.0%
of
Total
Investments)
60,637
(d)
Bright
Bidco
BV
$
27,589
44,390
(d)
Bright
Bidco
BV
20,198
TOTAL
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
47,787
SOFTWARE
&
SERVICES
-
0.2%
(0.1%
of
Total
Investments)
81,991
(d)
Avaya
Inc
423,648
377,935
(d)
Avaya
Inc
1,952,790
TOTAL
SOFTWARE
&
SERVICES
2,376,438
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
0.1%
(0.0%
of
Total
Investments)
45,085
(d)
Windstream
Services
PE
LLC
849,086
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
849,086
TELECOMMUNICATION
SERVICES
-
0.1%
(0.1%
of
Total
Investments)
46,534
(d)
Windstream
Services
PE
LLC
876,375
TOTAL
TELECOMMUNICATION
SERVICES
876,375
TRANSPORTATION
-
0.0%
(0.0%
of
Total
Investments)
2,293
(d)
ACBL
HLDG
CORP
105,478
TOTAL
TRANSPORTATION
105,478
TOTAL
COMMON
STOCKS
(Cost
$64,725,944)
26,939,911
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
217863744
CORPORATE
BONDS
-
17
.6
%
(
10
.8
%
of
Total
Investments)
217863744
CAPITAL
GOODS
-
0.4%
(0.2%
of
Total
Investments)
$
4,537,000
TransDigm
Inc
4
.625
%
01/15/29
4,308,456
TOTAL
CAPITAL
GOODS
4,308,456
COMMERCIAL
&
PROFESSIONAL
SERVICES
-
1.3%
(0.8%
of
Total
Investments)
3,000,000
(b)
Boost
Newco
Borrower
LLC
7
.500
01/15/31
3,162,659
3,431,000
(b)
Prime
Security
Services
Borrower
LLC
/
Prime
Finance
Inc
5
.750
04/15/26
3,431,823
4,650,000
(b)
Prime
Security
Services
Borrower
LLC
/
Prime
Finance
Inc
6
.250
01/15/28
4,645,059
4,750,000
(b)
Prime
Security
Services
Borrower
LLC
/
Prime
Finance
Inc
3
.375
08/31/27
4,470,216
TOTAL
COMMERCIAL
&
PROFESSIONAL
SERVICES
15,709,757
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
-
0.5%
(0.3%
of
Total
Investments)
6,055,000
(b)
Michaels
Cos
Inc/The
7
.875
05/01/29
3,193,216
1,812,000
(b)
PetSmart
Inc
/
PetSmart
Finance
Corp
4
.750
02/15/28
1,722,555
900,000
(b)
Wand
NewCo
3
Inc
7
.625
01/30/32
930,248
TOTAL
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
5,846,019
CONSUMER
SERVICES
-
1.3%
(0.8%
of
Total
Investments)
10,261,000
(b)
1011778
BC
ULC
/
New
Red
Finance
Inc
4
.000
10/15/30
9,267,220
1,807,000
(b)
1011778
BC
ULC
/
New
Red
Finance
Inc
3
.500
02/15/29
1,668,180
2,955,000
(b)
Carnival
Holdings
Bermuda
Ltd
10
.375
05/01/28
3,172,231
1,799,000
(b)
Life
Time
Inc
5
.750
01/15/26
1,798,011
TOTAL
CONSUMER
SERVICES
15,905,642
ENERGY
-
1.7%
(1.0%
of
Total
Investments)
539,512
(b)
Borr
IHC
Ltd
/
Borr
Finance
LLC
10
.000
11/15/28
551,714
3,500,000
(b)
Citgo
Petroleum
Corp
7
.000
06/15/25
3,501,071
1,000,000
(b)
eG
Global
Finance
PLC
12
.000
11/30/28
1,111,906
1,799,000
(b)
Hilcorp
Energy
I
LP
/
Hilcorp
Finance
Co
6
.250
11/01/28
1,755,253
1,799,000
(b)
MEG
Energy
Corp
5
.875
02/01/29
1,763,721
6,000,000
PBF
Holding
Co
LLC
/
PBF
Finance
Corp
6
.000
02/15/28
5,823,526
1,335,000
(b)
Talos
Production
Inc
9
.375
02/01/31
1,374,511
4,750,000
(b)
Weatherford
International
Ltd
8
.625
04/30/30
4,910,076
TOTAL
ENERGY
20,791,778
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
-
0.5%
(0.3%
of
Total
Investments)
9,750,000
American
Tower
Corp
2
.950
01/15/51
6,289,086
TOTAL
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
6,289,086
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
2.0%
(1.2%
of
Total
Investments)
3,025,000
(b)
Mozart
Debt
Merger
Sub
Inc
3
.875
04/01/29
2,829,797
5,196,000
(b)
Radiology
Partners
Inc,
(cash
4.275%,
PIK
3.500%)
7
.775
01/31/29
5,118,060
4,660,000
(b)
Select
Medical
Corp
6
.250
08/15/26
4,669,753
3
PRINCIPAL  
DESCRIPTION  
RATE
MATURITY
VALUE
HEALTH
CARE
EQUIPMENT
&
SERVICES
(continued)
$
7,218,333
(b)
Team
Health
Holdings
Inc,
(cash
9.000%,
PIK
4.500%)
13
.500
%
06/30/28
$
8,129,648
3,765,000
Tenet
Healthcare
Corp
6
.125
10/01/28
3,761,417
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
24,508,675
INSURANCE
-
0.2%
(0.1%
of
Total
Investments)
935,000
(b)
Alliant
Holdings
Intermediate
LLC
/
Alliant
Holdings
Co-Issuer
4
.250
10/15/27
886,767
1,825,000
(b)
Alliant
Holdings
Intermediate
LLC
/
Alliant
Holdings
Co-Issuer
6
.750
04/15/28
1,833,596
TOTAL
INSURANCE
2,720,363
MATERIALS
-
0.3%
(0.2%
of
Total
Investments)
1,000,000
Ball
Corp
6
.000
06/15/29
1,015,652
1,280,000
(b)
LABL
Inc
9
.500
11/01/28
1,311,597
1,810,000
(b)
Pactiv
Evergreen
Group
Issuer
Inc/Pactiv
Evergreen
Group
Issuer
LLC
4
.375
09/30/28
1,702,297
TOTAL
MATERIALS
4,029,546
MEDIA
&
ENTERTAINMENT
-
2.7%
(1.7%
of
Total
Investments)
750,000
(b)
Advantage
Sales
&
Marketing
Inc
6
.500
11/15/28
702,001
13,000,000
Charter
Communications
Operating
LLC
/
Charter
Communications
Operating
Capital
3
.500
03/01/42
8,785,939
4,725,000
(b)
CSC
Holdings
LLC
5
.500
04/15/27
4,205,375
2,519,629
iHeartCommunications
Inc
6
.375
05/01/26
2,131,897
5,882,000
(b)
McGraw-Hill
Education
Inc
5
.750
08/01/28
5,764,621
8,994,000
(b)
VZ
Secured
Financing
BV
5
.000
01/15/32
8,073,882
4,195,000
(b)
Ziggo
Bond
Co
BV
6
.000
01/15/27
4,185,272
TOTAL
MEDIA
&
ENTERTAINMENT
33,848,987
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
0.2%
(0.1%
of
Total
Investments)
2,650,000
(b)
Organon
&
Co
/
Organon
Foreign
Debt
Co-Issuer
BV
5
.125
04/30/31
2,416,818
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
2,416,818
SOFTWARE
&
SERVICES
-
0.4%
(0.3%
of
Total
Investments)
1,000,000
(b)
Open
Text
Holdings
Inc
4
.125
12/01/31
898,104
5,518,515
(b)
Rackspace
Finance
LLC
3
.500
05/15/28
3,251,368
1,000,000
(b)
Rocket
Software
Inc
9
.000
11/28/28
1,041,706
TOTAL
SOFTWARE
&
SERVICES
5,191,178
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
0.6%
(0.4%
of
Total
Investments)
3,025,000
(b)
CommScope
LLC
4
.750
09/01/29
2,586,375
5,250,000
(b)
CommScope
LLC
6
.000
03/01/26
5,125,091
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
7,711,466
TELECOMMUNICATION
SERVICES
-
4.3%
(2.6%
of
Total
Investments)
2,000,000
(b)
Frontier
Communications
Holdings
LLC
5
.000
05/01/28
1,966,110
9,216,000
(b)
Frontier
Communications
Holdings
LLC
5
.875
10/15/27
9,196,255
3,022,000
(b)
Frontier
Communications
Holdings
LLC
6
.000
01/15/30
2,957,366
2,250,000
Frontier
Communications
Holdings
LLC
5
.875
11/01/29
2,198,390
5,000,000
(b)
Level
3
Financing
Inc
4
.000
04/15/31
3,775,000
2,000,000
(b)
Level
3
Financing
Inc
10
.500
04/15/29
2,226,704
4,990,000
(b)
Level
3
Financing
Inc
10
.500
05/15/30
5,457,812
1,000,000
(b)
Lumen
Technologies
Inc
10
.000
10/15/32
996,250
7,820,000
(b)
Vmed
O2
UK
Financing
I
PLC
4
.250
01/31/31
6,746,083
8,160,000
(b)
Vmed
O2
UK
Financing
I
PLC
4
.750
07/15/31
7,066,806
12,500,000
(b)
Zayo
Group
Holdings
Inc
4
.000
03/01/27
11,125,110
TOTAL
TELECOMMUNICATION
SERVICES
53,711,886
TRANSPORTATION
-
0.4%
(0.3%
of
Total
Investments)
3,025,000
Delta
Air
Lines
Inc
3
.750
10/28/29
2,823,253
2,377,000
(b)
United
Airlines
Inc
4
.625
04/15/29
2,275,036
TOTAL
TRANSPORTATION
5,098,289
UTILITIES
-
0.8%
(0.5%
of
Total
Investments)
3,060,000
Pacific
Gas
and
Electric
Co
4
.550
07/01/30
2,970,581
1
Pacific
Gas
and
Electric
Co
4
.500
07/01/40
1
950,000
PG&E
Corp
5
.250
07/01/30
925,818
Portfolio
of
Investments
October
31,
2024
(continued)
JFR
4
PRINCIPAL  
DESCRIPTION  
RATE
MATURITY
VALUE
UTILITIES
(continued)
$
6,028,000
PG&E
Corp
5
.000
%
07/01/28
$
5,879,398
TOTAL
UTILITIES
9,775,798
TOTAL
CORPORATE
BONDS
(Cost
$209,562,802)
217,863,744
PRINCIPAL
DESCRIPTION
RATE
(e)
MATURITY
(f)
VALUE
1719431979
VARIABLE
RATE
SENIOR
LOAN
INTERESTS
-
139
.1
%
(
84
.8
%
of
Total
Investments)
(e)
1719431979
AUTOMOBILES
&
COMPONENTS
-
0.5%
(0.3%
of
Total
Investments)
1,043,106
Adient
US
LLC,
Term
Loan
B2,
(TSFR1M
+
2.750%)
7
.435
01/29/31
1,047,185
3,311,700
Clarios
Global
LP,
Term
Loan
B,
(TSFR1M
+
2.500%)
7
.185
05/06/30
3,322,347
1,479,820
DexKo
Global
Inc.,
Term
Loan
B,
(TSFR3M
+
3.750%)
8
.615
10/04/28
1,420,783
TOTAL
AUTOMOBILES
&
COMPONENTS
5,790,315
CAPITAL
GOODS
-
9.1%
(5.5%
of
Total
Investments)
4,323,863
ACProducts,
Inc.,
Term
Loan
B,
(TSFR3M
+
4.250%)
9
.115
05/17/28
3,621,235
6,684,447
Ali
Group
North
America
Corporation,
Term
Loan
B,
(TSFR1M
+
2.000%)
6
.800
10/13/28
6,711,987
2,625,000
Azorra
Soar
TLB
Finance
Ltd,
Term
Loan
B,
(TSFR3M
+
3.500%)
8
.132
10/18/29
2,628,281
2,379,364
Centuri
Group,
Inc,
Term
Loan
B,
(TSFR1M
+
2.500%)
7
.311
08/28/28
2,383,611
13,568,687
Chamberlain
Group
Inc,
Term
Loan
B,
(TSFR1M
+
3.250%)
8
.035
10/22/28
13,563,666
497,500
Chamberlain
Group
Inc,
Term
Loan
B,
(TSFR1M
+
3.500%)
8
.185
11/03/28
497,916
2,124,697
Chart
Industries,
Inc.,
Term
Loan
B,
(TSFR3M
+
2.500%)
7
.092
03/18/30
2,131,347
4,622,049
Core
&
Main
LP,
Term
Loan
B,
(TSFR1M
+
2.000%)
6
.718
07/27/28
4,621,078
1,182,527
Cornerstone
Building
Brands,
Inc.,
Term
Loan
B,
(TSFR1M
+
3.250%)
8
.154
04/12/28
1,164,275
270,672
Dynasty
Acquisition
Co.,
Inc.,
Term
Loan
B1,
(TSFR1M
+
3.500%)
8
.185
08/24/28
271,008
104,369
Dynasty
Acquisition
Co.,
Inc.,
Term
Loan
B2,
(TSFR1M
+
3.500%)
8
.185
08/24/28
104,498
319,128
Fly
Funding
II
S.a.r.l.,
Term
Loan
B,
(3-Month
LIBOR
+
1.750%)
7
.120
08/11/25
312,911
3,882,787
Gates
Global
LLC,
Term
Loan
B5,
(TSFR1M
+
2.250%)
6
.935
05/23/31
3,896,300
1,890,500
INNIO
Group
Holding
GmbH,
Term
Loan
B,
(TSFR3M
+
3.250%)
7
.935
11/06/28
1,901,144
6,272,067
Madison
IAQ
LLC,
Term
Loan,
(TSFR6M
+
2.750%)
7
.208
06/21/28
6,277,210
2,295,000
Madison
Safety
&
Flow
LLC,
Term
Loan
B,
(TSFR1M
+
3.250%)
7
.968
09/19/31
2,306,957
1,725,675
MI
Windows
and
Doors,
LLC,
Term
Loan
B2,
(TSFR1M
+
3.000%)
7
.685
03/28/31
1,733,121
1,556,031
Project
Castle,
Inc.,
Term
Loan
B,
(Prime
+
4.500%)
12
.500
06/01/29
1,426,888
7,913,095
Quikrete
Holdings,
Inc.,
Term
Loan
B,
(TSFR1M
+
2.500%)
7
.185
04/14/31
7,919,307
1,573,806
Resideo
Funding
Inc.,
Term
Loan
B,
(TSFR1M
+
2.000%)
6
.718
02/14/28
1,581,675
1,462,123
Standard
Industries
Inc.,
Term
Loan
B,
(TSFR1M
+
2.000%)
6
.759
09/22/28
1,467,044
3,870,300
Titan
Acquisition
Limited,
Term
Loan
B,
(TSFR6M
+
5.000%)
10
.326
02/01/29
3,879,511
11,469,553
TK
Elevator
US
Newco
Inc,
Term
Loan
B,
(TSFR6M
+
3.500%)
8
.588
04/15/30
11,512,965
2,083,000
TransDigm,
Inc.,
Term
Loan,
(Prime
+
1.500%)
7
.320
09/07/32
2,086,250
11,171,103
TransDigm,
Inc.,
Term
Loan
J,
(TSFR3M
+
2.500%)
7
.104
02/28/31
11,194,227
4,080,433
TransDigm,
Inc.,
Term
Loan
K,
(TSFR3M
+
2.750%)
7
.354
03/22/30
4,093,266
4,143,753
Victory
Buyer
LLC,
Term
Loan,
(TSFR1M
+
3.750%)
8
.582
11/20/28
3,992,257
8,736,901
Windsor
Holdings
III,
LLC,
Term
Loan
B,
(TSFR1M
+
3.500%)
8
.259
08/01/30
8,792,599
TOTAL
CAPITAL
GOODS
112,072,534
COMMERCIAL
&
PROFESSIONAL
SERVICES
-
9.0%
(5.5%
of
Total
Investments)
15,176,941
Allied
Universal
Holdco
LLC,
Term
Loan
B,
(TSFR1M
+
3.750%)
8
.535
05/15/28
15,164,041
4,603,078
Anticimex
International
AB,
Term
Loan
B1,
(TSFR3M
+
3.150%)
8
.480
11/16/28
4,612,468
1,119,375
Anticimex
International
AB,
Term
Loan
B6,
(TSFR3M
+
3.400%)
8
.730
11/16/28
1,123,752
3,393,448
(g)
ArchKey
Holdings
Inc,Term
Loan,
(TBD)
TBD
TBD
3,390,615
391,552
(g),(h)
ArchKey
Holdings
Inc,Term
Loan,
(TBD)
TBD
TBD
391,225
1,781,770
CHG
Healthcare
Services
Inc.,
Term
Loan,
(TSFR1M
+
3.500%)
8
.300
09/29/28
1,787,534
3,116,321
CoreLogic,
Inc.,
Term
Loan,
(TSFR1M
+
3.500%)
8
.300
06/02/28
3,106,302
4,166,096
Covanta
Holding
Corporation,
Term
Loan
B,
(TSFR1M
+
TSFR6M
+
2.500%)
7
.386
11/30/28
4,175,407
320,098
Covanta
Holding
Corporation,
Term
Loan
C,
(TSFR6M
+
2.500%)
7
.588
11/30/28
320,813
5,985,656
Creative
Artists
Agency,
LLC
,
Term
Loan
B,
(TSFR1M
+
2.750%)
7
.435
10/01/31
5,994,545
1,443,382
Dayforce,
Inc.,
Term
Loan
B,
(TSFR3M
+
2.500%)
7
.085
03/03/31
1,447,893
7,444,153
Dun
&
Bradstreet
Corporation
(The),
Term
Loan
B,
(TSFR1M
+
2.750%)
7
.468
01/18/29
7,464,773
5,555,622
EAB
Global,
Inc.,
Term
Loan,
(TSFR1M
+
3.250%)
7
.935
08/16/28
5,542,622
1,805,464
Ensemble
RCM,
LLC,
Term
Loan
B,
(TSFR3M
+
3.000%)
7
.585
08/01/29
1,810,212
5
PRINCIPAL
DESCRIPTION  
RATE(e)
MATURITY(f)
VALUE
COMMERCIAL
&
PROFESSIONAL
SERVICES
(continued)
$
3,030,500
Evertec
Group,
LLC,
Term
Loan
B,
(TSFR1M
+
3.250%)
7
.935
%
10/15/30
$
3,038,076
3,750,000
(g)
First
Advantage
Holdings
LLC,Term
Loan,
(TBD)
TBD
TBD
3,759,375
4,940,775
Garda
World
Security
Corporation,
Term
loan
B,
(TSFR1M
+
3.500%)
8
.286
02/01/29
4,940,775
3,170,000
GFL
Environmental
Inc.,
Term
Loan
B,
(TSFR3M
+
2.000%)
6
.610
06/27/31
3,169,017
1,697,500
Herman
Miller,
Inc,
Term
Loan
B,
(TSFR1M
+
2.000%)
6
.800
07/19/28
1,692,900
4,574,545
LABL,
Inc.,
Term
Loan,
First
Lien,
(TSFR1M
+
5.000%)
9
.785
10/29/28
4,484,221
4,286,562
OMNIA
Partners
LLC,
Term
Loan
B,
(TSFR3M
+
3.250%)
7
.867
07/25/30
4,300,580
7,298,259
Prime
Security
Services
Borrower,
LLC,
Term
Loan
B,
(TSFR1M
+
2.250%)
7
.107
10/15/30
7,307,564
3,049,121
(i)
Signal
Parent,
Inc,
Term
Loan
B,
(TSFR1M
+
3.500%)
8
.285
04/03/28
2,753,905
17,717,470
(i)
WIN
Waste
Innovations
Holdings,
Inc.,
Term
Loan
B,
(TSFR1M
+
2.750%)
7
.550
03/27/28
16,920,183
2,680,000
XPLOR
T1
LLC,
Term
Loan
B,
(TSFR3M
+
4.250%)
8
.854
06/13/31
2,700,100
TOTAL
COMMERCIAL
&
PROFESSIONAL
SERVICES
111,398,898
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
-
6.2%
(3.8%
of
Total
Investments)
839,062
Academy,
Ltd.,
Term
Loan,
(TSFR1M
+
3.750%)
8
.709
11/08/27
840,808
1,815,450
Barentz
International
B.V.,
Term
Loan
B2,
(TSFR3M
+
4.000%)
8
.704
03/28/31
1,827,178
4,033,000
Belron
Finance
2019
LLC,
Term
Loan
B,
(Prime
+
1.750%)
9
.750
10/02/31
4,053,165
9,006,127
CNT
Holdings
I
Corp,
Term
Loan,
(TSFR3M
+
3.500%)
8
.085
11/08/27
9,037,649
1,321,864
Driven
Holdings,
LLC,
Term
Loan
B,
(TSFR1M
+
3.000%)
7
.800
12/18/28
1,321,864
2,434,273
EOS
Finco
Sarl,
Term
Loan,
(TSFR6M
+
6.000%)
11
.264
08/03/29
1,877,433
764,858
Fastlane
Parent
Company,
Inc.,
Term
Loan
B,
(TSFR1M
+
4.500%)
9
.185
09/29/28
728,393
7,440,000
Frontier
Communications
Corp.,
Term
Loan
B,
(TSFR3M
+
3.500%)
8
.763
06/21/31
7,500,450
1,811,481
Gulfside
Supply
Inc,
Term
Loan
B,
(TSFR1M
+
3.000%)
7
.784
05/29/31
1,813,972
2,590,000
Johnstone
Supply
LLC,
Term
Loan,
(TSFR1M
+
3.000%)
7
.851
05/16/31
2,590,000
497,500
Kodiak
Building
Partners
Inc.,
Term
Loan
B2,
(TSFR1M
+
3.750%)
8
.435
03/13/28
499,910
1,246,875
LBM
Acquisition
LLC,
Term
Loan
B,
(TSFR1M
+
3.750%)
8
.535
06/06/31
1,230,666
7,280,523
LBM
Acquisition
LLC,
Term
Loan
B,
(TSFR1M
+
3.750%)
8
.535
12/20/27
7,279,212
2,436,314
Les
Schwab
Tire
Centers,
Term
Loan
B,
(TSFR1M
+
3.000%)
7
.685
04/16/31
2,441,856
2,648,363
Mister
Car
Wash
Holdings,
Inc.,
Term
Loan
B,
(TSFR1M
+
3.000%)
7
.685
03/27/31
2,654,798
17,908,865
PetSmart,
Inc.,
Term
Loan
B,
(TSFR1M
+
3.750%)
8
.535
02/14/28
17,830,514
5,701,199
Restoration
Hardware,
Inc.,
Term
Loan
B,
(TSFR1M
+
2.500%)
7
.300
10/15/28
5,507,416
5,581,013
Wand
NewCo
3,
Inc.,
Term
loan
B,
(TSFR1M
+
TSFR3M
+
3.250%)
7
.894
01/30/31
5,587,989
1,565,000
White
Cap
Buyer
LLC,
Term
Loan
B,
(TSFR1M
+
3.250%)
7
.935
10/19/29
1,563,599
TOTAL
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
76,186,872
CONSUMER
DURABLES
&
APPAREL
-
3.7%
(2.2%
of
Total
Investments)
6,406,448
ABG
Intermediate
Holdings
2
LLC,
Term
Loan
B,
(TSFR1M
+
2.750%)
7
.446
12/21/28
6,426,885
13,922,961
AI
Aqua
Merger
Sub,
Inc.,
Term
Loan
B,
First
Lien,
(TSFR1M
+
3.500%)
8
.357
07/31/28
13,963,546
867,500
Amer
Sports
Company,
Term
Loan,
(TSFR3M
+
2.750%)
7
.846
02/18/31
871,838
1,547,107
Hayward
Industries,
Inc.,
Term
Loan,
(TSFR1M
+
2.500%)
7
.300
05/30/28
1,549,868
108,301
Serta
Simmons
Bedding,
LLC,
Term
Loan,
(TSFR3M
+
7.500%)
12
.218
06/29/28
91,088
2,092,533
SRAM,
LLC
,
Term
Loan
B,
(TSFR1M
+
2.750%)
7
.550
05/18/28
2,097,116
3,375,000
(g)
Tempur
Sealy
International
Inc,Term
Loan,
(TBD)
TBD
TBD
3,377,818
5,887,350
Topgolf
Callaway
Brands
Corp.,
Term
Loan
B,
(TSFR1M
+
3.000%)
7
.685
03/18/30
5,861,593
5,600,000
Varsity
Brands,
Inc.,
Term
Loan
B,
(TSFR3M
+
3.750%)
8
.821
07/28/31
5,584,852
262,327
Weber-Stephen
Products
LLC,
Term
loan
B,
(TSFR1M
+
4.250%)
9
.035
10/29/27
249,399
5,536,490
Weber-Stephen
Products
LLC,
Term
Loan
B,
(TSFR1M
+
3.250%)
8
.050
10/29/27
5,262,434
TOTAL
CONSUMER
DURABLES
&
APPAREL
45,336,437
CONSUMER
SERVICES
-
18.8%
(11.5%
of
Total
Investments)
30,052,548
1011778
B.C.
Unlimited
Liability
Company,
Term
Loan
B6,
(TSFR1M
+
1.750%)
6
.435
09/23/30
29,842,180
813,798
24
Hour
Fitness
Worldwide,
Inc.,
Exit
Term
Loan,
(TSFR3M
+
14.000%)
19
.319
09/29/26
447,589
1,607,045
24
Hour
Fitness
Worldwide,
Inc.,
Term
Loan,
(TSFR3M
+
5.000%),
(cash
9.865%,
PIK
5.000%)
9
.865
12/29/25
666,924
1,501,238
Allwyn
International
AS,
Term
Loan
B,
(TSFR3M
+
2.250%)
6
.908
06/30/31
1,501,237
4,324,928
Alterra
Mountain
Company,
Term
Loan
B4,
(TSFR1M
+
3.250%)
7
.935
08/17/28
4,338,444
Portfolio
of
Investments
October
31,
2024
(continued)
JFR
6
PRINCIPAL
DESCRIPTION  
RATE(e)
MATURITY(f)
VALUE
CONSUMER
SERVICES
(continued)
$
1,076,378
Alterra
Mountain
Company,
Term
Loan
B5,
(TSFR1M
+
3.500%)
8
.185
%
05/31/30
$
1,079,877
1,449,490
Aramark
Services,
Inc.,
Term
Loan
B5,
(TSFR1M
+
2.000%)
6
.685
06/24/30
1,452,208
943,812
AVSC
Holding
Corp.,
Term
Loan
B3,
(TSFR3M
+
7.500%),
(cash
5.000%,
PIK
10.000%)
10
.000
12/04/26
955,761
11,273,850
Caesars
Entertainment
Corp,
Term
Loan
B,
(TSFR1M
+
2.750%)
7
.435
02/06/30
11,299,667
3,980,000
Caesars
Entertainment
Inc.,
Term
Loan
B1,
(TSFR1M
+
2.750%)
7
.435
02/06/31
3,988,398
3,053,784
Carnival
Corporation,
Term
Loan
B1,
(TSFR1M
+
2.750%)
7
.435
10/18/28
3,065,235
2,545,474
Carnival
Corporation,
Term
Loan
B2,
(TSFR1M
+
2.750%)
7
.435
08/09/27
2,556,216
2,219,438
Cedar
Fair,
L.P.,
Term
Loan
B,
(TSFR1M
+
2.000%)
6
.845
04/18/31
2,220,825
6,660,811
Churchill
Downs
Incorporated,
Term
Loan
B1,
(TSFR1M
+
2.000%)
6
.785
03/17/28
6,669,137
4,194,514
Cinemark
USA,
Inc.,
Term
Loan
B,
(TSFR1M
+
TSFR3M
+
3.250%)
7
.894
05/24/30
4,214,165
15,134,563
ClubCorp
Holdings,
Inc.,
Term
Loan
B2,
(TSFR3M
+
5.000%)
9
.865
09/18/26
15,180,269
4,176,336
Delta
2
(LUX)
S.a.r.l.,
Term
Loan
B1,
(TSFR3M
+
2.000%)
6
.585
09/10/31
4,181,035
2,088,164
(g)
Delta
2
Lux
Sarl,Term
Loan,
(TBD)
TBD
TBD
2,090,513
15,196,535
Fertitta
Entertainment,
LLC,
Term
Loan
B,
(TSFR1M
+
3.750%)
8
.536
01/29/29
15,220,317
23,944,062
Flutter
Entertainment
PLC,
Term
Loan
B,
(TSFR3M
+
2.000%)
6
.604
11/29/30
23,968,007
4,205,000
GBT
US
III
LLC,
Term
loan
B,
(TSFR3M
+
3.000%)
7
.626
07/28/31
4,211,013
5,792,032
GVC
Holdings
(Gibraltar)
Limited,
Term
Loan
B,
(TSFR6M
+
2.750%)
8
.014
10/31/29
5,791,916
10,242,367
Hilton
Domestic
Operating
Company,
Inc.,
Term
Loan
B4,
(TSFR1M
+
1.750%)
6
.488
11/08/30
10,252,507
3,477,115
Hilton
Grand
Vacations
Borrower
LLC,
Term
Loan
B,
(TSFR1M
+
2.500%)
7
.185
08/02/28
3,470,596
2,079,550
Hilton
Grand
Vacations
Borrower
LLC,
Term
Loan
B,
(TSFR1M
+
2.250%)
6
.935
01/17/31
2,071,918
15,310,560
IRB
Holding
Corp,
Term
Loan
B,
(TSFR1M
+
2.750%)
7
.535
12/15/27
15,326,176
10,818,057
Light
and
Wonder
International,
Inc.,
Term
Loan
B2,
(TSFR1M
+
2.250%)
7
.034
04/16/29
10,829,849
11,231,536
Motion
Finco
Sarl,
Term
Loan
B,
(TSFR3M
+
3.500%)
8
.104
11/30/29
10,754,196
3,015,932
PCI
Gaming
Authority,
Term
Loan,
(TSFR1M
+
2.000%)
6
.685
06/06/31
3,000,475
2,546,876
Penn
National
Gaming,
Inc.,
Term
Loan
B,
(TSFR1M
+
2.750%)
7
.535
04/20/29
2,553,294
6,512,438
PG
Investment
Company
59
S.a
r.l.,
Term
Loan
B,
(TSFR3M
+
3.000%)
7
.604
03/24/31
6,532,789
7,312,135
Scientific
Games
Holdings
LP,
Term
Loan
B,
(TSFR3M
+
3.000%)
7
.590
04/04/29
7,290,747
5,699,741
SeaWorld
Parks
&
Entertainment,
Inc.,
Term
Loan
B,
(TSFR1M
+
2.500%)
7
.185
08/25/28
5,708,661
8,002,195
Spin
Holdco
Inc.,
Term
Loan,
(TSFR3M
+
4.000%)
9
.256
03/06/28
6,989,717
2,574,814
William
Morris
Endeavor
Entertainment,
LLC,
Term
Loan,
First
Lien,
(TSFR1M
+
2.750%)
7
.550
05/16/25
2,579,114
TOTAL
CONSUMER
SERVICES
232,300,972
ENERGY
-
3.6%
(2.2%
of
Total
Investments)
3,661,528
BCP
Renaissance
Parent
LLC,
Term
Loan
B,
(TSFR3M
+
3.250%)
7
.854
10/31/28
3,668,064
2,258,593
EG
Group
Limited,
Term
Loan
B,
(TSFR3M
+
5.500%)
10
.444
02/07/28
2,264,522
2,125,000
Epic
Crude
Services,
LP,
Term
Loan
B,
(TSFR3M
+
3.000%)
7
.656
10/09/31
2,126,902
12,030,889
Freeport
LNG
Investments,
LLLP,
Term
Loan
A,
(TSFR3M
+
3.000%)
7
.879
11/16/26
12,015,851
6,308,264
Freeport
LNG
Investments,
LLLP,
Term
Loan
B,
(TSFR3M
+
3.500%)
8
.379
12/21/28
6,282,116
3,387,000
(g)
New
Fortress
Energy
Inc,Term
Loan,
(TBD)
TBD
TBD
3,206,625
4,329,141
Oryx
Midstream
Services
Permian
Basin
LLC,
Term
Loan
B,
(TSFR1M
+
3.000%)
7
.918
10/05/28
4,336,652
3,987,250
TransMontaigne
Operating
Company
L.P.,
Term
Loan
B,
(TSFR1M
+
3.250%)
7
.935
11/05/28
3,997,218
4,833,844
Traverse
Midstream
Partners
LLC,
Term
Loan,
(TSFR3M
+
3.500%)
8
.085
02/16/28
4,858,013
1,700,154
Whitewater
Whistler
Holdings,
LLC,
Term
Loan
B,
(TSFR3M
+
2.250%)
6
.854
02/15/30
1,705,042
TOTAL
ENERGY
44,461,005
7
PRINCIPAL
DESCRIPTION  
RATE(e)
MATURITY(f)
VALUE
FINANCIAL
SERVICES
-
3.0%
(1.8%
of
Total
Investments)
$
2,403,463
(i)
Aragorn
Parent
Corporation,
Term
Loan,
(TSFR1M
+
4.000%)
8
.745
%
12/15/28
$
2,415,480
6,269,237
Avolon
TLB
Borrower
1
(US)
LLC,
Term
Loan
B4,
(TSFR1M
+
1.500%)
6
.359
02/12/27
6,273,343
17,663,000
Boost
Newco
Borrower,
LLC,
Term
loan
B,
(TSFR3M
+
2.500%)
7
.104
01/31/31
17,734,800
4,526,994
(c),(j)
Ditech
Holding
Corporation,
Term
Loan
0
.000
06/30/24
453
243,920
(h)
Focus
Financial
Partners,
LLC,
Term
Loan
0
.000
09/10/31
244,443
2,271,080
Focus
Financial
Partners,
LLC,
Term
Loan
B8,
(TSFR1M
+
3.250%)
7
.935
09/10/31
2,275,952
498,750
Kestra
Advisor
Services
Holdings
A,
Inc.,
Term
Loan,
(TSFR3M
+
4.000%)
9
.057
03/24/31
501,089
1,854,167
NCR
Atleos
LLC,
Term
Loan
B,
(TSFR3M
+
0.038%)
8
.398
04/16/29
1,858,802
1,925,174
Orion
Advisor
Solutions,
Inc.,
Term
Loan
B,
(TSFR3M
+
0.038%)
8
.335
10/09/30
1,923,499
3,765,059
WEX
Inc.,
Term
Loan
B,
(TSFR1M
+
2.000%)
6
.685
04/03/28
3,773,305
TOTAL
FINANCIAL
SERVICES
37,001,166
FOOD,
BEVERAGE
&
TOBACCO
-
3.1%
(1.9%
of
Total
Investments)
296,939
8th
Avenue
Food
&
Provisions,
Inc.,
Term
Loan,
(TSFR1M
+
4.750%)
9
.550
10/01/25
292,485
4,363,379
8th
Avenue
Food
&
Provisions,
Inc.,
Term
Loan,
First
Lien,
(TSFR1M
+
3.750%)
8
.550
10/01/25
4,297,928
4,251,460
CHG
PPC
Parent
LLC,
Term
Loan,
(TSFR1M
+
2.750%)
7
.550
12/08/28
4,240,831
909,517
City
Brewing
Company,
LLC,
First
Lien,
(TSFR3M
+
5.000%)
9
.909
04/14/28
432,021
1,257,928
City
Brewing
Company,
LLC,
Term
Loan,
(TSFR3M
+
6.250%)
10
.926
04/05/28
1,056,659
3,291,752
City
Brewing
Company,
LLC,
Term
Loan,
(TSFR3M
+
3.500%)
8
.418
04/14/28
2,567,566
5,112,187
Fiesta
Purchaser,
Inc.,
Term
Loan
B,
(TSFR1M
+
4.000%)
8
.685
02/12/31
5,132,687
2,173,529
Froneri
International
Ltd.,
Term
Loan,
(TSFR1M
+
2.250%)
7
.035
02/01/27
2,167,248
1,881,000
(i)
Naked
Juice
LLC,
Term
Loan,
(TSFR3M
+
3.250%)
7
.954
01/20/29
1,420,738
6,327,187
Pegasus
BidCo
BV,
Term
Loan
B,
(Prime
+
3.250%)
7
.848
07/12/29
6,353,540
2,568,000
Sycamore
Buyer
LLC,
Term
Loan
B,
(TSFR1M
+
2.250%)
7
.102
07/23/29
2,570,414
7,449,598
Triton
Water
Holdings,
Inc,
Term
Loan,
(TSFR3M
+
3.250%)
8
.115
03/31/28
7,463,975
1,052,050
Triton
Water
Holdings,
Inc,
Term
Loan
B,
(TSFR3M
+
4.000%)
8
.604
03/31/28
1,057,095
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
39,053,187
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
14.5%
(8.8%
of
Total
Investments)
3,920,375
ADMI
Corp.,
Term
Loan
B5,
(TSFR1M
+
5.750%)
10
.435
12/23/27
3,954,678
6,263,194
AHP
Health
Partners,
Inc.,
Term
Loan
B,
(TSFR1M
+
2.750%)
7
.435
08/24/28
6,278,852
22,607,995
Bausch
&
Lomb,
Inc.,
Term
Loan,
(TSFR1M
+
3.250%)
8
.095
05/05/27
22,622,125
1,315,000
Concentra
Health
Services
Inc,
Term
loan
B,
(TSFR1M
+
2.250%)
6
.935
06/26/31
1,319,931
2,344,599
Element
Materials
Technology
Group
US
Holdings
Inc.,
Term
Loan,
(TSFR3M
+
3.750%)
8
.354
04/12/29
2,353,977
7,043,430
(i)
Gainwell
Acquisition
Corp.,
Term
Loan
B,
(TSFR3M
+
4.000%)
8
.704
10/01/27
6,786,345
10,907,975
Global
Medical
Response,
Inc.,
Term
Loan,
(TSFR1M
+
5.500%)
10
.259
10/02/28
10,881,687
2,748,592
ICON
Luxembourg
S.A.R.L.,
Term
Loan
B,
(TSFR3M
+
2.000%)
6
.604
07/03/28
2,761,277
2,084,613
Insulet
Corporation,
Term
loan
B,
(TSFR1M
+
2.500%)
7
.185
07/31/31
2,095,818
31,059,691
Medline
Borrower,
LP,
Term
Loan
B,
(TSFR1M
+
2.750%)
7
.435
10/23/28
31,123,518
11,141,080
(i)
National
Mentor
Holdings,
Inc.,
Term
Loan,
(TSFR1M
+
TSFR3M
+
3.750%)
8
.494
03/02/28
10,958,311
275,042
(i)
National
Mentor
Holdings,
Inc.,
Term
Loan
C,
(TSFR3M
+
3.750%)
8
.454
03/02/28
270,530
4,764,937
Onex
TSG
Intermediate
Corp.,
Term
Loan
B,
(TSFR1M
+
4.750%)
9
.468
02/28/28
4,777,850
1,243,750
Pacific
Dental
Services,
LLC,
Term
Loan
B,
(TSFR1M
+
2.750%)
7
.536
03/17/31
1,245,404
1,996,144
Packaging
Coordinators
Midco,
Inc.,
Term
Loan
B,
(TSFR3M
+
3.250%)
7
.835
11/30/27
2,001,005
19,152,581
Parexel
International
Corporation,
Term
loan
B,
(TSFR1M
+
3.000%)
7
.685
11/15/28
19,164,264
13,686,850
Phoenix
Guarantor
Inc,
Term
Loan,
(TSFR1M
+
3.250%)
7
.935
02/21/31
13,705,122
684,658
PRA
Health
Sciences,
Inc.,
Term
Loan
B,
(TSFR3M
+
2.000%)
6
.604
07/03/28
687,818
1,990,000
Resonetics,
LLC,
Term
Loan,
(TSFR3M
+
3.750%)
8
.367
06/06/31
1,997,532
2,054,416
Select
Medical
Corporation,
Term
Loan
B1,
(TSFR1M
+
3.000%)
7
.685
03/05/27
2,065,972
3,264,471
(g)
Sound
Inpatient
Physicians,
Term
Loan
B,
(TBD),
(cash
9.096%,
PIK
1.500%)
TBD
TBD
2,944,552
578,165
Star
Parent,
Inc.,
Term
Loan
B,
(TSFR3M
+
3.750%)
8
.354
09/30/30
567,111
17,475,121
Surgery
Center
Holdings,
Inc.,
Term
Loan
B,
(TSFR1M
+
2.750%)
7
.495
12/19/30
17,535,410
4,803,281
Team
Health
Holdings,
Inc.,
Term
Loan
B,
(TSFR1M
+
TSFR3M
+
5.250%)
9
.885
03/02/27
4,714,565
2,330,656
US
Radiology
Specialists,
Inc.,
Term
Loan
B,
(TSFR3M
+
4.750%)
9
.354
12/15/27
2,343,043
Portfolio
of
Investments
October
31,
2024
(continued)
JFR
8
PRINCIPAL
DESCRIPTION  
RATE(e)
MATURITY(f)
VALUE
HEALTH
CARE
EQUIPMENT
&
SERVICES
(continued)
$
3,590,400
(g)
Viant
Medical
Holdings
Inc,Term
Loan,
(TBD)
TBD
TBD
$
3,606,862
396,000
(g),(h)
Viant
Medical
Holdings
Inc,Term
Loan,
(TBD)
TBD
TBD
397,816
211,889
(c)
Vyaire
Medical,
Inc.,
Term
Loan,
(TSFR6M
+
1.000%)
5
.468
%
06/14/25
211,889
1,403,005
(c),(j)
Vyaire
Medical,
Inc.,
Term
Loan
B,
(Prime
+
0.048%)
12
.750
04/16/25
140
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
179,373,404
INSURANCE
-
10.6%
(6.5%
of
Total
Investments)
10,262,164
Acrisure,
LLC,
Term
Loan
B6,
(TSFR1M
+
3.250%)
8
.009
11/06/30
10,258,983
12,783,838
Alliant
Holdings
Intermediate,
LLC,
Term
Loan
B6,
(TSFR1M
+
3.000%)
7
.759
09/12/31
12,740,310
1,838,219
AmWINS
Group,
Inc.,
Term
Loan
B,
(TSFR1M
+
2.250%)
7
.050
02/22/28
1,839,295
7,188,875
AssuredPartners,
Inc.,
Term
Loan
B5,
(TSFR1M
+
3.500%)
8
.185
02/14/31
7,207,350
254,483
Asurion
LLC,
Term
Loan
B11,
(TSFR1M
+
4.250%)
9
.035
08/21/28
253,369
16,286,353
Asurion
LLC,
Term
Loan
B8,
(TSFR1M
+
3.250%)
8
.050
12/23/26
16,302,558
2,883,272
Asurion
LLC,
Term
Loan
B9,
(TSFR1M
+
3.250%)
8
.050
07/30/27
2,864,790
17,287,457
Broadstreet
Partners,
Inc.,
Term
Loan
B4,
(TSFR1M
+
3.250%)
7
.935
05/12/31
17,294,113
19,098,736
HUB
International
Limited,
Term
loan
B,
(TSFR2M
+
TSFR3M
+
2.875%)
7
.606
06/20/30
19,156,987
1,588,125
Ryan
Specialty
Group,
LLC,
Term
Loan
B,
(TSFR1M
+
2.250%)
6
.935
09/11/31
1,589,515
7,987,425
Sedgwick
Claims
Management
Services,
Inc.,
Term
Loan
B,
(TSFR3M
+
3.000%)
7
.585
06/27/31
7,999,086
17,305,000
Truist
Insurance
Holdings
LLC,
First
Lien,
Term
Loan,
(TSFR3M
+
3.250%)
7
.854
03/22/31
17,348,349
5,222,382
USI,
Inc.,
Term
Loan,
(TSFR3M
+
2.750%)
7
.354
09/27/30
5,226,873
10,890,693
USI,
Inc.,
Term
Loan,
(TSFR3M
+
2.750%)
7
.354
11/23/29
10,900,222
TOTAL
INSURANCE
130,981,800
MATERIALS
-
8.4%
(5.1%
of
Total
Investments)
1,315,000
AAP
Buyer
Inc,
Term
Loan
B,
(TSFR3M
+
3.250%)
7
.854
08/01/31
1,321,575
2,706,631
Arsenal
AIC
Parent
LLC,
Term
loan
B,
(TSFR1M
+
3.250%)
7
.935
08/19/30
2,716,781
744,201
Ascend
Performance
Materials
Operations
LLC,
Term
Loan
B,
(TSFR3M
+
4.750%)
9
.095
08/27/26
692,665
3,999,926
Axalta
Coating
Systems
U.S.
Holdings,
Inc.,
Term
Loan
B6,
(TSFR3M
+
2.000%)
6
.604
12/20/29
4,016,586
1,945,345
Berlin
Packaging
LLC,
Term
Loan
B,
(TSFR1M
+
TSFR3M
+
3.750%)
8
.474
05/12/31
1,951,599
3,585,313
Charter
NEX
US,
Inc.,
Term
Loan
B,
(TSFR1M
+
3.000%)
7
.685
12/01/27
3,589,991
7,783,125
Clydesdale
Acquisition
Holdings
Inc,
Term
Loan
B,
(TSFR1M
+
3.175%)
7
.860
04/13/29
7,772,929
6,138,000
CPC
Acquisition
Corp,
Term
Loan,
(TSFR3M
+
3.750%)
8
.615
12/29/27
5,383,517
9,055,104
(i)
Discovery
Purchaser
Corporation,
Term
Loan,
(TSFR3M
+
4.375%)
8
.965
08/03/29
9,056,824
986,116
ECO
Services
Operations
Corp,
Term
Loan
B,
(TSFR3M
+
2.250%)
6
.835
06/12/31
983,172
1,481,250
INEOS
Quattro
Holdings
UK
Ltd,
Term
Loan,
(TSFR1M
+
3.750%)
8
.535
03/03/30
1,477,547
4,340,000
INEOS
Quattro
Holdings
UK
Ltd,
Term
Loan
B,
(TSFR1M
+
4.250%)
8
.935
10/02/31
4,329,150
4,488,235
INEOS
Quattro
Holdings
UK
Ltd,
Term
Loan
B,
First
Lien,
(TSFR1M
+
4.250%)
9
.035
03/29/29
4,474,232
1,995,000
Ineos
US
Finance
LLC,
Term
Loan
B,
(TSFR1M
+
3.750%)
8
.435
02/07/31
2,002,481
5,193,303
Ineos
US
Finance
LLC,
Term
Loan
B,
(TSFR1M
+
3.250%)
7
.935
02/09/30
5,204,676
4,341,384
Klockner-Pentaplast
of
America,
Inc.,
Term
Loan
B,
(TSFR6M
+
4.725%)
9
.723
02/09/26
4,074,866
4,451,182
(i)
Lonza
Group
AG,
Term
Loan
B,
(TSFR3M
+
3.925%)
8
.629
07/03/28
4,340,838
643,512
Nouryon
Finance
B.V.,
Term
Loan
B,
(TSFR6M
+
3.500%)
7
.784
04/03/28
646,933
8,202,878
Nouryon
Finance
B.V.,
Term
Loan
B,
(TSFR3M
+
3.500%)
8
.628
04/03/28
8,259,273
3,257,928
Proampac
PG
Borrower
LLC,
Term
Loan,
(TSFR3M
+
4.000%)
9
.118
09/15/28
3,273,208
6,682,540
Reynolds
Group
Holdings
Inc.
,
Term
Loan
B3,
(TSFR1M
+
2.500%)
7
.185
09/25/28
6,696,173
3,905,375
SupplyOne,
Inc,
Term
Loan
B,
(TSFR1M
+
3.750%)
8
.435
04/21/31
3,915,490
8,596,241
TricorBraun
Holdings,
Inc.,
Term
Loan,
(TSFR1M
+
3.250%)
8
.050
03/03/28
8,533,144
4,239,330
Tronox
Finance
LLC,
Term
Loan
B,
(TSFR3M
+
2.750%)
7
.354
04/04/29
4,240,094
392,308
(h)
USALCO,
LLC,
Term
Loan
0
.000
09/17/31
395,126
3,807,692
USALCO,
LLC,
Term
Loan
B,
(TSFR1M
+
4.000%)
8
.685
09/17/31
3,835,051
0
Viant
Medical
Holdings,
Inc.,
Term
Loan,
First
Lien,
(CME
Term
SOFR
1
Month
+
3.750%)
8
.710
07/02/25
0
9
PRINCIPAL
DESCRIPTION  
RATE(e)
MATURITY(f)
VALUE
MATERIALS
(continued)
$
868,304
W.R.
Grace
&
Co.-Conn.,
Term
Loan
B,
(TSFR3M
+
3.250%)
7
.854
%
09/22/28
$
871,234
TOTAL
MATERIALS
104,055,155
MEDIA
&
ENTERTAINMENT
-
6.1%
(3.7%
of
Total
Investments)
4,025,569
Advantage
Sales
&
Marketing,
Inc.,
Term
Loan,
(TSFR3M
+
4.250%)
8
.854
10/28/27
3,963,918
7,350,634
(i)
AMC
Entertainment
Holdings,
Inc.
,
Term
Loan,
(TSFR1M
+
7.000%)
11
.745
01/04/29
7,488,459
2,902,500
Cable
One,
Inc.,
Term
Loan
B4,
(TSFR1M
+
2.000%)
6
.800
05/03/28
2,824,495
3,249,670
Cengage
Learning,
Inc.,
Term
Loan
B,
(TSFR6M
+
4.250%)
9
.538
03/24/31
3,266,861
1,226,852
Checkout
Holding
Corp.,
Term
Loan,
(TSFR1M
+
9.500%)
14
.596
05/24/30
1,174,711
9,291,052
Clear
Channel
Outdoor
Holdings,
Inc.,
Term
Loan,
(TSFR1M
+
4.000%)
8
.800
08/23/28
9,271,169
11,445,234
Crown
Finance
US,
Inc.,
Term
Loan,
(TSFR1M
+
7.000%),
(cash
6.455%,
PIK
7.000%)
7
.000
07/31/28
11,548,413
3,082,000
CSC
Holdings,
LLC,
Term
Loan
B5,
(6-Month
LIBOR
+
2.500%)
7
.173
04/15/27
2,874,273
2,262,000
(g)
CSC
Holdings,
LLC,
Term
Loan
B6,
(TBD)
TBD
TBD
2,213,129
5,587,739
DirecTV
Financing,
LLC,
Term
Loan,
(TSFR3M
+
5.000%)
9
.847
08/02/27
5,607,100
3,809,127
Dotdash
Meredith
Inc,
Term
Loan
B,
(TSFR1M
+
4.000%)
8
.944
12/01/28
3,832,933
533,686
Lions
Gate
Capital
Holdings
LLC,
Term
Loan
B,
(TSFR1M
+
2.250%)
7
.035
03/24/25
534,185
4,864,229
McGraw-Hill
Global
Education
Holdings,
LLC,
Term
loan
B,
(Prime
+
TSFR3M
+
3.500%)
10
.052
08/06/31
4,892,272
1,188,090
Mission
Broadcasting,
Inc.,
Term
Loan
B,
(TSFR1M
+
2.500%)
7
.459
06/02/28
1,183,825
1,574,213
Nexstar
Broadcasting,
Inc.,
Term
Loan
B4,
(TSFR1M
+
2.500%)
7
.300
09/18/26
1,575,913
1,591,975
Red
Ventures,
LLC,
Term
Loan
B,
(TSFR1M
+
3.000%)
7
.685
02/23/30
1,583,522
855,700
Simon
&
Schuster
Inc,
Term
Loan
B,
(TSFR3M
+
4.000%)
8
.605
10/30/30
858,819
4,221,000
UPC
Financing
Partnership,
Term
Loan
AX,
(TSFR1M
+
2.925%)
7
.825
01/31/29
4,218,953
3,700,000
Virgin
Media
Bristol
LLC,
Term
Loan
Q,
(TSFR1M
+
3.250%)
8
.150
01/31/29
3,612,384
513,000
Virgin
Media
Bristol
LLC,
Term
Loan
Y,
(TSFR6M
+
3.175%)
7
.724
03/06/31
499,000
1,950,113
Wood
Mackenzie
Limited,
Term
Loan
B,
(TSFR3M
+
3.500%)
8
.604
02/10/31
1,958,157
TOTAL
MEDIA
&
ENTERTAINMENT
74,982,491
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
2.6%
(1.6%
of
Total
Investments)
3,320,024
Amneal
Pharmaceuticals
LLC,
Term
Loan
B,
(TSFR1M
+
5.500%)
10
.185
05/04/28
3,386,441
1,583,212
Curia
Global,
Inc.,
Term
Loan,
(TSFR1M
+
TSFR3M
+
3.750%)
8
.485
08/28/26
1,512,213
1,759,835
Elanco
Animal
Health
Incorporated,
Term
Loan
B,
(TSFR1M
+
1.750%)
6
.694
08/02/27
1,758,110
19,554,440
Jazz
Financing
Lux
S.a.r.l.,
Term
Loan
B,
(TSFR1M
+
2.250%)
6
.935
05/05/28
19,578,884
4,577,742
Organon
&
Co,
Term
Loan
B,
(TSFR1M
+
2.500%)
7
.259
05/14/31
4,583,464
1,616,888
Perrigo
Investments,
LLC,
Term
Loan
B,
(TSFR1M
+
2.250%)
7
.035
04/05/29
1,622,951
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
32,442,063
REAL
ESTATE
MANAGEMENT
&
DEVELOPMENT
-
1.5%
(0.9%
of
Total
Investments)
3,865,313
Cushman
&
Wakefield
U.S.
Borrower,
LLC,
Term
Loan,
(TSFR1M
+
3.250%)
7
.935
01/31/30
3,876,599
4,409,159
Cushman
&
Wakefield
U.S.
Borrower,
LLC,
Term
Loan
B,
(TSFR1M
+
3.000%)
7
.685
01/31/30
4,422,960
2,039,000
(g)
Forest
City
Enterprises
LP,Term
Loan,
(TBD)
TBD
TBD
1,971,784
8,870,000
(g)
VeriFone
Systems
Inc,Term
Loan,
(TBD)
TBD
TBD
8,260,188
TOTAL
REAL
ESTATE
MANAGEMENT
&
DEVELOPMENT
18,531,531
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
-
0.2%
(0.2%
of
Total
Investments)
3,000,000
(g)
Icon
Parent
Inc,Term
Loan,
(TBD)
TBD
TBD
2,982,660
TOTAL
SEMICONDUCTORS
&
SEMICONDUCTOR
EQUIPMENT
2,982,660
SOFTWARE
&
SERVICES
-
24.9%
(15.1%
of
Total
Investments)
3,980,927
Ahead
DB
Holdings,
LLC,
Term
Loan
B3,
(TSFR3M
+
3.500%)
8
.104
02/03/31
3,998,344
8,055,000
Amentum
Government
Services
Holdings
LLC,
Term
Loan
B,
(TSFR1M
+
2.250%)
6
.935
07/30/31
8,064,062
1,432,275
Apttus
Corporation,
Term
loan
B,
(TSFR3M
+
3.500%)
8
.089
05/08/28
1,440,331
10,162,143
Avaya,
Inc.,
Term
Loan,
(TSFR1M
+
7.500%)
12
.185
08/01/28
8,627,253
16,457,476
Banff
Merger
Sub
Inc,
Term
loan
B,
(TSFR3M
+
3.750%)
8
.335
07/30/31
16,433,365
6,073,850
Camelot
U.S.
Acquisition
LLC,
Term
Loan
B,
(TSFR1M
+
2.750%)
7
.435
01/31/31
6,085,998
852,076
CCC
Intelligent
Solutions
Inc.,
Term
Loan
B,
(TSFR1M
+
2.250%)
7
.050
09/21/28
853,494
Portfolio
of
Investments
October
31,
2024
(continued)
JFR
10
PRINCIPAL
DESCRIPTION  
RATE(e)
MATURITY(f)
VALUE
SOFTWARE
&
SERVICES
(continued)
$
10,734,060
Cotiviti
Corporation,
Term
Loan,
(TSFR1M
+
3.250%)
8
.094
%
04/30/31
$
10,750,859
6,250,000
(i)
Darktrace
PLC,
Term
Loan,
(TSFR3M
+
3.250%)
7
.887
07/02/31
6,200,531
4,625,000
Drake
Software,
LLC,
Term
Loan
B,
(TSFR1M
+
4.250%)
8
.935
06/05/31
4,555,625
3,867,311
DTI
Holdco,
Inc.,
Term
Loan,
(TSFR1M
+
4.750%)
9
.435
04/21/29
3,886,957
4,125,000
(g)
Envestnet
Inc,Term
Loan,
(TBD)
TBD
TBD
4,128,094
1,958,880
Epicor
Software
Corporation,
Term
Loan,
(TSFR1M
+
3.250%)
7
.957
05/23/31
1,966,941
16,695,725
Epicor
Software
Corporation,
Term
Loan,
(TSFR1M
+
3.250%)
7
.935
05/23/31
16,764,428
4,000,000
Fortress
Intermediate
3,
Inc,
Term
Loan
B,
(TSFR1M
+
3.750%)
8
.435
05/08/31
4,000,840
9,445,375
Gen
Digital
Inc.,
Term
Loan
B,
(TSFR1M
+
1.750%)
6
.435
09/12/29
9,417,606
12,386,119
Genesys
Cloud
Services
Holdings
II
LLC,
Term
Loan
B,
(TSFR1M
+
3.000%)
7
.685
12/01/27
12,429,656
12,528,750
Informatica
LLC,
Term
Loan
B,
(TSFR1M
+
2.250%)
6
.935
10/30/28
12,552,241
2,719,084
Instructure
Holdings,
Inc.,
Term
Loan
B,
(TSFR3M
+
2.750%)
8
.074
10/30/28
2,720,797
1,156,000
(g)
Jaggaer
LLC,Term
Loan,
(TBD)
TBD
TBD
1,155,098
3,187,013
Marcel
LUX
IV
SARL,
Term
Loan
B5,
(TSFR1M
+
4.000%)
8
.840
10/07/30
3,200,956
10,592,342
McAfee,
LLC,
Term
Loan
B,
(TSFR1M
+
3.250%)
8
.100
03/01/29
10,593,084
11,472,000
Mitchell
International,
Inc.,
Term
Loan,
(TSFR1M
+
3.250%)
7
.935
06/06/31
11,392,671
8,967,430
Open
Text
Corporation,
Term
Loan
B,
(TSFR1M
+
2.250%)
6
.935
01/31/30
9,007,962
6,770,415
(i)
Peraton
Corp.,
Term
Loan
B,
(TSFR1M
+
3.750%)
8
.535
02/01/28
6,571,196
2,533,650
Perforce
Software,
Inc.,
Term
Loan,
(TSFR1M
+
4.750%)
9
.435
03/24/31
2,539,997
5,213,858
Perforce
Software,
Inc.,
Term
Loan
B,
(TSFR1M
+
3.750%)
8
.535
07/01/26
5,207,340
2,325,000
(g)
PointClickCare
Technologies
Inc,Term
Loan,
(TBD)
TBD
TBD
2,332,266
6,911,000
Press
Ganey
Holdings,
Inc.,
Term
Loan
B,
(TSFR1M
+
3.500%)
8
.185
04/24/31
6,914,075
2,095,216
Project
Ruby
Ultimate
Parent
Corp.,
Term
Loan,
(TSFR1M
+
3.250%)
8
.050
03/10/28
2,101,952
4,746,320
Proofpoint,
Inc.,
Term
Loan,
(TSFR1M
+
3.000%)
7
.685
08/31/28
4,754,840
4,514,400
Quartz
Acquireco
LLC,
Term
Loan
B,
(TSFR3M
+
2.750%)
7
.354
06/28/30
4,525,686
5,828,908
Rackspace
Technology
Global,
Inc.,
Term
Loan,
First
Lien,
(TSFR1M
+
6.250%)
11
.183
05/15/28
5,959,446
9,430,537
Rackspace
Technology
Global,
Inc.,
Term
Loan,
First
Lien,
(TSFR1M
+
2.750%)
7
.683
05/15/28
5,698,920
6,924,347
Rocket
Software,
Inc.,
Term
Loan
B,
(TSFR1M
+
4.750%)
9
.435
11/28/28
6,944,601
8,197,008
Sophia,
L.P.,
Term
Loan
B,
(TSFR1M
+
3.500%)
8
.285
10/29/29
8,240,903
2,815,658
SS&C
Technologies
Inc.,
Term
Loan
B8,
(TSFR1M
+
2.000%)
6
.685
05/09/31
2,818,361
3,500,000
Synechron
Inc,
Term
Loan
B,
(TSFR3M
+
3.750%)
8
.360
10/03/31
3,486,875
9,706,875
Syniverse
Holdings,
Inc.,
Term
Loan,
(TSFR3M
+
7.000%)
11
.604
05/10/29
9,672,901
4,372,990
Tempo
Acquisition
LLC,
Term
Loan
B,
(TSFR1M
+
2.250%)
6
.935
08/31/28
4,379,484
1,690,000
Thunder
Generation
Funding
LLC,
Term
Loan
B,
(Prime
+
TSFR3M
+
3.000%)
7
.610
09/26/31
1,694,014
20,012,664
Ultimate
Software
Group
Inc
(The),
Term
Loan
B,
(TSFR3M
+
3.000%)
7
.617
02/10/31
20,057,993
4,179,115
Vision
Solutions,
Inc.,
Term
Loan,
(TSFR3M
+
4.000%)
8
.847
04/24/28
4,132,476
2,723,175
VS
Buyer,
LLC,
Term
Loan
B,
(TSFR1M
+
3.250%)
8
.036
04/14/31
2,729,983
3,783,838
West
Corporation,
Term
Loan
B3,
(TSFR3M
+
4.000%)
8
.585
04/12/27
3,305,448
1,882,338
World
Wide
Technology
Holding
Co.
LLC,
Term
Loan,
(TSFR1M
+
2.750%)
7
.609
03/01/30
1,887,044
14,073,280
Zelis
Payments
Buyer,
Inc.,
Term
Loan
B,
(TSFR1M
+
2.750%)
7
.435
09/28/29
13,949,365
7,188,269
ZoomInfo
LLC,
Term
Loan
B,
(TSFR1M
+
1.750%)
6
.435
02/28/30
7,144,852
TOTAL
SOFTWARE
&
SERVICES
307,277,211
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
2.8%
(1.7%
of
Total
Investments)
13,811,654
(i)
CommScope,
Inc.,
Term
Loan
B,
(TSFR1M
+
3.250%)
8
.050
04/06/26
13,538,874
12,103,180
Delta
TopCo,
Inc.,
Term
Loan,
(TSFR6M
+
3.500%)
8
.198
12/03/29
12,123,332
3,661,790
II-VI
Incorporated,
Term
Loan
B,
(TSFR1M
+
2.500%)
7
.185
07/02/29
3,670,486
2,915,395
Ingram
Micro
Inc.,
Term
Loan
B,
(TSFR3M
+
2.750%)
7
.564
09/22/31
2,920,250
4,060,847
MLN
US
HoldCo
LLC,
Term
Loan,
(TSFR3M
+
6.700%)
11
.385
10/18/27
399,993
6,990,173
MLN
US
HoldCo
LLC,
Term
Loan,
First
Lien,
(TSFR3M
+
4.500%)
9
.414
12/01/25
332,033
2,422,655
Riverbed
Technology,
Inc.,
Term
Loan,
(TSFR3M
+
2.000%)
2
.000
07/03/28
1,502,046
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
34,487,014
TELECOMMUNICATION
SERVICES
-
5.7%
(3.5%
of
Total
Investments)
2,472,114
Altice
France
S.A.,
Term
Loan
B12,
(6-Month
LIBOR
+
3.688%)
8
.370
02/02/26
2,126,018
11,802,714
Altice
France
S.A.,
Term
Loan
B13,
(3-Month
LIBOR
+
4.000%)
9
.380
08/14/26
10,076,567
7,053,701
Cincinnati
Bell,
Inc.,
Term
Loan
B2,
(TSFR1M
+
3.250%)
8
.035
11/24/28
7,061,637
11
PRINCIPAL
DESCRIPTION  
RATE(e)
MATURITY(f)
VALUE
TELECOMMUNICATION
SERVICES
(continued)
$
876,023
(j)
Cyxtera
DC
Holdings,
Inc.,
Term
Loan
B
0
.000
%
05/01/25
$
4,818
1,950,000
(g)
Digicel
International
Finance
Limited,
Term
Loan,
(TBD),
(cash
12.002%,
PIK
1.500%)
TBD
TBD
1,948,645
11,256,588
(i)
Level
3
Financing
Inc.,
Term
Loan
B1,
(TSFR1M
+
6.560%)
11
.278
04/16/29
11,509,861
10,586,412
(i)
Level
3
Financing
Inc.,
Term
Loan
B2,
(TSFR1M
+
6.560%)
11
.278
04/15/30
10,820,848
4,681,736
(g)
Lumen
Technologies
Inc,Term
Loan,
(TBD)
TBD
TBD
4,630,752
10,720,000
Zayo
Group
Holdings,
Inc.,
Term
Loan,
(TSFR1M
+
3.000%)
7
.800
03/09/27
10,099,473
12,234,274
Ziggo
Financing
Partnership,
Term
Loan
I,
(TSFR1M
+
2.500%)
7
.418
04/28/28
12,077,920
TOTAL
TELECOMMUNICATION
SERVICES
70,356,539
TRANSPORTATION
-
2.8%
(1.7%
of
Total
Investments)
4,639,952
AAdvantage
Loyalty
IP
Ltd.,
Term
Loan,
(TSFR3M
+
4.750%)
9
.629
04/20/28
4,779,406
512,425
Air
Canada,
Term
Loan
B,
(TSFR3M
+
2.500%)
7
.253
03/21/31
513,655
904,822
American
Airlines,
Inc.,
Term
Loan,
First
Lien,
(TSFR3M
+
1.750%)
6
.454
01/29/27
901,117
6,368,555
Brown
Group
Holding,
LLC,
Term
Loan
B,
(TSFR1M
+
2.750%)
7
.468
07/01/31
6,372,471
3,335,396
Brown
Group
Holding,
LLC,
Term
Loan
B2,
(TSFR1M
+
TSFR3M
+
2.750%)
7
.503
07/01/31
3,337,230
2,380,510
First
Student
Bidco
Inc,
Term
Loan
B,
(TSFR3M
+
3.000%)
7
.865
07/21/28
2,385,116
728,004
First
Student
Bidco
Inc,
Term
Loan
C,
(TSFR3M
+
3.000%)
7
.865
07/21/28
729,413
868,421
KKR
Apple
Bidco,
LLC,
Term
Loan,
(TSFR1M
+
3.500%)
8
.185
09/23/28
871,526
2,771,625
KKR
Apple
Bidco,
LLC,
Term
Loan,
(TSFR1M
+
2.750%)
7
.550
09/25/28
2,775,270
3,166,927
(i)
PODS,
LLC,
Term
Loan
B,
(TSFR3M
+
3.000%)
7
.847
03/31/28
2,995,090
5,286,629
SkyMiles
IP
Ltd.,
Term
Loan
B,
(TSFR3M
+
3.750%)
8
.367
10/20/27
5,393,974
3,988,250
United
Airlines,
Inc.,
Term
Loan
B,
(TSFR3M
+
2.750%)
7
.385
02/24/31
4,002,129
TOTAL
TRANSPORTATION
35,056,397
UTILITIES
-
2.0%
(1.3%
of
Total
Investments)
1,685,000
(g)
Cornerstone
Generation
LLC,Term
Loan,
(TBD)
TBD
TBD
1,687,106
675,000
EFS
Cogen
Holdings
I
LLC,
Term
Loan
B,
(TSFR1M
+
3.500%)
8
.460
10/01/27
673,522
2,625,610
ExGen
Renewables
IV,
LLC,
Term
Loan,
(TSFR3M
+
2.250%)
7
.307
12/15/27
2,638,042
10,349,398
Talen
Energy
Supply,
LLC,
Term
Loan
B,
(TSFR3M
+
3.500%)
8
.596
05/17/30
10,385,466
8,492,741
Talen
Energy
Supply,
LLC,
Term
Loan
C,
(TSFR3M
+
3.500%)
8
.596
05/17/30
8,522,338
1,393,000
Vistra
Zero
Operating
Company,
LLC,
Term
Loan
B,
(TSFR1M
+
2.750%)
7
.435
04/30/31
1,397,854
TOTAL
UTILITIES
25,304,328
TOTAL
VARIABLE
RATE
SENIOR
LOAN
INTERESTS
(Cost
$1,727,386,035)
1,719,431,979
SHARES
DESCRIPTION
VALUE
528670
WARRANTS
-
0
.0
%
(
0
.0
%
of
Total
Investments)
528670
TELECOMMUNICATION
SERVICES
-
0.0%
(0.0%
of
Total
Investments)
7
Intelsat
SA/Luxembourg
11
TOTAL
TELECOMMUNICATION
SERVICES
11
TRANSPORTATION
-
0.0%
(0.0%
of
Total
Investments)
6,822
ACBL
HLDG
CORP
399,087
2,411
ACBL
HLDG
CORP
110,906
34,110
(c)
American
Commercial
Barge
Line
LLC
11,938
26,910
(c)
American
Commercial
Barge
Line
LLC
6,728
TOTAL
TRANSPORTATION
528,659
TOTAL
WARRANTS
(Cost
$1,169,933)
528,670
TOTAL
LONG-TERM
INVESTMENTS
(Cost
$2,014,876,243)
1,977,177,051
SHARES
DESCRIPTION
RATE
VALUE
SHORT-TERM
INVESTMENTS
-
 4.2%(2.5%
of
Total
Investments)
Portfolio
of
Investments
October
31,
2024
(continued)
JFR
12
Part
F
of
Form
N-PORT
was
prepared
in
accordance
with
U.S.
generally
accepted
accounting
principles
(“U.S.
GAAP”)
and
in
conformity
with
the
applicable
rules
and
regulations
of
the
U.S.
Securities
and
Exchange
Commission
(“SEC”)
related
to
interim
filings.
Part
F
of
Form
N-PORT
does
not
include
all
information
and
footnotes
required
by
U.S.
GAAP
for
complete
financial
statements.
Certain
footnote
disclosures
normally
included
in
financial
statements
prepared
in
accordance
with
U.S.
GAAP
have
been
condensed
or
omitted
from
this
report
pursuant
to
the
rules
of
the
SEC.
For
a
full
set
of
the
Fund’s
notes
to
financial
statements,
please
refer
to
the
Fund’s
most
recently
filed
annual
or
semi-annual
report.
Fair
Value
Measurements
The
Fund’s
investments
in
securities
are
recorded
at
their
estimated
fair
value
utilizing
valuation
methods
approved
by
the
Board
of
Directors/
Trustees.
Fair
value
is
defined
as
the
price
that
would
be
received
upon
selling
an
investment
or
transferring
a
liability
in
an
orderly
transaction
to
an
independent
buyer
in
the
principal
or
most
advantageous
market
for
the
investment.
U.S.
GAAP
establishes
the
three-tier
hierarchy
which
is
used
to
maximize
the
use
of
observable
market
data
and
minimize
the
use
of
unobservable
inputs
and
to
establish
classification
of
fair
value
measurements
for
disclosure
purposes.
Observable
inputs
reflect
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Observable
inputs
are
based
on
market
data
obtained
from
sources
independent
of
the
reporting
entity.
Unobservable
inputs
reflect
management’s
assumptions
about
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Unobservable
inputs
are
based
on
the
best
information
available
in
the
circumstances.
The
following
is
a
summary
of
the
three-tiered
hierarchy
of
valuation
input
levels.
Level
1
–
Inputs
are
unadjusted
and
prices
are
determined
using
quoted
prices
in
active
markets
for
identical
securities.
Level
2
–
Prices
are
determined
using
other
significant
observable
inputs
(including
quoted
prices
for
similar
securities,
interest
rates,
credit
spreads,
etc.).
Level
3
–
Prices
are
determined
using
significant
unobservable
inputs
(including
management’s
assumptions
in
determining
the
fair
value
of
investments).
The
following
table
summarizes
the
market
value
of
the
Fund's
investments
as
of
the
end
of
the
reporting
period,
based
on
the
inputs
used
to
value
them:
SHARES
DESCRIPTION  
RATE
VALUE
INVESTMENT
COMPANIES
-
4.2%
(2.5%
of
Total
Investments)
–
51,696,068
BlackRock
Liquidity
Funds
T-Fund
5.167(k)
$
51,696,068
TOTAL
INVESTMENT
COMPANIES
(Cost
$51,696,068)
51,696,068
TOTAL
SHORT-TERM
INVESTMENTS
(Cost
$51,696,068)
51,696,068
TOTAL
INVESTMENTS
-
164
.2
%
(Cost
$
2,066,572,311
)
2,028,873,119
BORROWINGS
-
(38.6)%
(l),(m)
(
477,200,000
)
TFP
SHARES,
NET
-
(23.0)%(n)
(
283,732,702
)
OTHER
ASSETS
&
LIABILITIES,
NET
-  (2.6)%
(
32,124,813
)
NET
ASSETS
APPLICABLE
TO
COMMON
SHARES
-
100%
$
1,235,815,604
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
$25
Par
(or
similar)
Retail
Preferred
$
568,152
$
–
$
–
$
568,152
Asset-Backed
Securities
–
11,844,595
–
11,844,595
Common
Stocks
26,342,942
–
596,969
26,939,911
Corporate
Bonds
–
217,863,744
–
217,863,744
Variable
Rate
Senior
Loan
Interests
–
1,719,219,497
212,482
1,719,431,979
Warrants
510,004
–
18,666
528,670
Short-Term
Investments:
Investment
Companies
51,696,068
–
–
51,696,068
Total
$
79,117,166
$
1,948,927,836
$
828,117
$
2,028,873,119
For
Fund
portfolio
compliance
purposes,
the
Fund’s
industry
classifications
refer
to
any
one
or
more
of
the
industry
sub-classifications
used
by
one
or
more
widely
recognized
market
indexes
or
ratings
group
indexes,
and/or
as
defined
by
Fund
management.
This
definition
may
not
apply
for
purposes
of
this
report,
which
may
combine
industry
sub-classifications
into
sectors
for
reporting
ease.
All
percentages
shown
in
the
Portfolio
of
Investments
are
based
on
net
assets
applicable
to
common
shares
unless
otherwise
noted.
(a)
Variable
rate
security.
The
rate
shown
is
the
coupon
as
of
the
end
of
the
reporting
period.
(b)
Security
is
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended.
These
securities
are
deemed
liquid
and
may
be
resold
in
transactions
exempt
from
registration,
which
are
normally
those
transactions
with
qualified
institutional
buyers.
As
of
the
end
of
the
reporting
period,
the
aggregate
value
of
these
securities
is
$182,794,925
or
9.0%
of
Total
Investments.
(c)
For
fair
value
measurement
disclosure
purposes,
investment
classified
as
Level
3.
13
(d)
Non-income
producing;
issuer
has
not
declared
an
ex-dividend
date
within
the
past
twelve
months.
(e)
Senior
loans
generally
pay
interest
at
rates
which
are
periodically
adjusted
by
reference
to
a
base
short-term,
floating
lending
rate
(Reference
Rate)
plus
an
assigned
fixed
rate
(Spread).
These
floating
lending
rates
are
generally
(i)
the
lending
rate
referenced
by
the
Secured
Overnight
Financing
Rate
(“SOFR”),
or
(ii)
the
prime
rate
offered
by
one
or
more
major
United
States
banks.
Senior
loans
may
be
considered
restricted
in
that
the
Fund
ordinarily
is
contractually
obligated
to
receive
approval
from
the
agent
bank
and/or
borrower
prior
to
the
disposition
of
a
senior
loan.
The
rate
shown
is
the
coupon
as
of
the
end
of
the
reporting
period.
(f)
Senior
loans
generally
are
subject
to
mandatory
and/or
optional
prepayment.
Because
of
these
mandatory
prepayment
conditions
and
because
there
may
be
significant
economic
incentives
for
a
borrower
to
prepay,
prepayments
of
senior
loans
may
occur.
As
a
result,
the
actual
remaining
maturity
of
senior
loans
held
may
be
substantially
less
than
the
stated
maturities
shown.
(g)
When-issued
or
delayed
delivery
security.
(h)
Investment,
or
portion
of
investment,
represents
an
outstanding
unfunded
senior
loan
commitment.
(i)
Portion
of
investment
purchased
on
a
delayed
delivery
basis.
(j)
Defaulted
security.
A
security
whose
issuer
has
failed
to
fully
pay
principal
and/or
interest
when
due,
or
is
under
the
protection
of
bankruptcy.
(k)
The
rate
shown
is
the
annualized
seven-day
subsidized
yield
as
of
end
of
the
reporting
period.
(l)
Borrowings
as
a
percentage
of
Total
Investments
is
23.5%.
(m)
The
Fund
segregates
100%
of
its
eligible
investments
(excluding
any
investments
separately
pledged
as
collateral
for
specific
investments
in
derivatives,
when
applicable)
in
the
Portfolio
of
Investments
as
collateral
for
borrowings.
(n)
TFP
Shares,
Net
as
a
percentage
of
Total
Investments
is
14.0%.
LIBOR
London
Inter-Bank
Offered
Rate
PIK
Payment-in-kind
(“PIK”)
security.  Depending
on
the
terms
of
the
security,
income
may
be
received
in
the
form
of
cash,
securities,
or
a
combination
of
both.  The
PIK
rate
shown,
where
applicable,
represents
the
annualized
rate
of
the
last
PIK
payment
made
by
the
issuer
as
of
the
end
of
the
reporting
period.
TBD
Senior
loan
purchased
on
a
when-issued
or
delayed-delivery
basis.
Certain
details
associated
with
this
purchase
are
not
known
prior
to
the
settlement
date
of
the
transaction.
In
addition,
senior
loans
typically
trade
without
accrued
interest
and
therefore
a
coupon
rate
is
not
available
prior
to
settlement.
At
settlement,
if
still
unknown,
the
borrower
or
counterparty
will
provide
the
Fund
with
the
final
coupon
rate
and
maturity
date.
TSFR
1M
CME
Term
Secured
Overnight
Financing
Rate
1
Month
TSFR
2M
CME
Term
Secured
Overnight
Financing
Rate
2
Month
TSFR
3M
CME
Term
Secured
Overnight
Financing
Rate
3
Month
TSFR
6M
CME
Term
Secured
Overnight
Financing
Rate
6
Month
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