Top 10 Holdings as of 9/30/2024 (%)
| % of Net Assets | |
|---|---|
| Diversified Healthcare Trust | 3.9 |
| Turning Point Brands, Inc. | 3.7 |
| Skillz Inc. | 3.0 |
| KeHE Distributors LLC | 3.0 |
| PRA Group Inc. | 2.8 |
| % of Net Assets | |
|---|---|
| Vector Group Ltd | 2.8 |
| Angi, Inc. | 2.8 |
| Walgreens Boots Alliance, Inc. | 2.7 |
| Brinker International, Inc. | 2.7 |
| Rithm Capital Corp. | 2.7 |
Sector Allocation as of 09/30/24 (%)
| % of Net Assets | |
|---|---|
| Consumer Discreationary | 19.7 |
| Consumer Staples | 13.8 |
| Financials | 13.6 |
| Communication Services | 12.5 |
| Industrials | 11.4 |
| Energy | 8.5 |
| Health Care | 6.0 |
| Materials | 5.3 |
| Information Technology | 4.2 |
| Real Estate | 4.0 |
| Cash & Equivalents | 1.0 |
Asset Allocation as of 09/30/24 (%)
| % of Net Assets | |
|---|---|
| Corporate Bonds | 84.7 |
| Loans | 9.2 |
| Convertible Bonds | 3.3 |
| Common Equity | 1.1 |
| Cash & Equivalents | 1.0 |
| Preferred Equity | 0.7 |
Credit Quality as of 09/30/24 (%)
| Standard and Poor's Credit Quality | % of Net Assets |
|---|---|
| A | 0.7 |
| BBB | 1.3 |
| BB | 32.5 |
| B | 35.9 |
| CCC | 8.0 |
| Non-rated | 18.8 |
| Preferred Stock | 0.7 |
| Common Stock | 1.1 |
| Cash or Equivalent | 1.0 |
Portfolio Characteristics as of 09/30/24
Weighted Avg Maturity
3.47 yrs
Weighted Avg Yield to Worst
8.31%
Effective Duration
2.34 yrs
30-day Subsidized SEC Yield
7.47%
30-day Unsubsidized SEC Yield
7.43%