Top 10 Holdings holdings by Issuer as of 6/30/26 (%)
| % of Net Assets | |
|---|---|
| The Realreal, Inc. | 3.5 |
| Cinemark USA Inc. | 2.9 |
| Twilio Inc. | 2.8 |
| Angi Group LLC | 2.6 |
| PHH Escrow Issuer LLC | 2.6 |
| % of Net Assets | |
|---|---|
| Diversified Healthcare Trust | 2.5 |
| Beach Acquisition Bidco (Skechers) | 2.4 |
| United Natural Foods Inc. | 2.3 |
| Kehe Distributors LLC | 2.3 |
| Icahn Enterprises LP | 2.3 |
Sector Allocation as of 06/30/26 (%)
| % of Net Assets | |
|---|---|
| Consumer Discretionary | 22.5 |
| Financials | 15.2 |
| Industrials | 14.2 |
| Communication Services | 13.5 |
| Information Technology | 8.6 |
| Consumer Staples | 8.5 |
| Real Estate | 5.4 |
| Energy | 4.3 |
| Health Care | 3.7 |
| Materials | 3.3 |
| Cash and Cash Equivalents | 0.8 |
Asset Allocation as of 06/30/26 (%)
| % of Net Assets | |
|---|---|
| Corporate Bonds | 80.0 |
| Loans | 14.1 |
| Convertible Bonds | 3.1 |
| Preferred Stocks | 1.0 |
| Common Stocks | 1.0 |
| Cash or Equivalent | 0.8 |
Credit Quality as of 06/30/26 (%)
| Standard and Poor's Credit Quality | % of Net Assets |
|---|---|
| A | 2.8 |
| BBB | 6.1 |
| BB | 25.0 |
| B | 36.4 |
| CCC | 4.9 |
| Non-rated | 22.0 |
| Preferred Stock | 1.0 |
| Common Stock | 1.0 |
| Cash or Equivalent | 0.8 |
Portfolio Characteristics as of 06/30/26
Weighted Avg Maturity
3.11 yrs
Weighted Avg Yield to Worst
7.87%
Effective Duration
1.55 yrs
30-day Subsidized SEC Yield
6.62%
30-day Unsubsidized SEC Yield
6.60%