Top 10 Holdings as of 3/31/2020 (%)
| % of Net Assets | |
|---|---|
| Fiat Chrysler Automobiles NV, 04/15/2020, 4.500% | 4.6 |
| Expedia Group, Inc., 08/15/2020, 5.950% | 4.0 |
| Trip.com Group Ltd., 07/01/2020, 1.000% | 3.1 |
| Enerpac Tool Group, 06/15/2022, 5.625% | 2.8 |
| Levi Strauss & Co., 05/01/2025, 5.000% | 2.8 |
| % of Net Assets | |
|---|---|
| Vistra Energy Corp., 06/01/2023, 5.875% | 2.7 |
| Ingles Markets Inc., 06/15/2023, 5.750% | 2.7 |
| Cincinnati Bell Inc., 10/15/2025, 8.000% | 2.7 |
| MagnaChip Semiconductor Corp., 07/15/2021, 6.625% | 2.6 |
| Echo Global Logistics, Inc., 05/01/2020, 2.500% | 2.5 |
Asset Allocation as of 03/31/20 (%)
| % of Net Assets | |
|---|---|
| Corporate Bonds | 80.7 |
| Convertible Bonds | 15.5 |
| Cash & Cash Equivalents | 3.8 |
Credit Quality as of 03/31/20 (%)
| Standard and Poor's Credit Quality | % of Net Assets |
|---|---|
| BBB+ | 0.4 |
| BBB | 10.2 |
| BBB- | 8.3 |
| BB+ | 13.6 |
| BB | 16.0 |
| BB- | 12.2 |
| B+ | 3.2 |
| B | 5.1 |
| B- | 4.9 |
| CCC+ | 5.1 |
| Non-Rated | 17.2 |
| Cash & Cash Equivalents | 3.8 |
Portfolio Characteristics as of 03/31/20
Weighted Avg Maturity
2.32 yrs
Weighted Avg Yield to Maturity
8.4%
Modified Duration
1.97 yrs
30-day Subsidized SEC Yield
6.30%
30-day Unsubsidized SEC Yield
6.11%