Top 10 Holdings as of 12/31/2023 (%)
% of Net Assets | |
---|---|
QVC, Inc., 04/01/2024, 4.850% | 3.8 |
Cimpress PLC., 06/15/2026 7.000% | 3.8 |
Abercrombie & Fitch 07/15/2025, 8.750% | 3.5 |
Equitrans Midstream Corp, Perp Pref 9.750% | 3.5 |
Opnet S.P.A., 08/09/2023 8.452% | 3.3 |
% of Net Assets | |
---|---|
Conduent Services LLC, 11/01/2029, 6.000% | 3.0 |
Turning Point Brands 02/15/2026, 5.625% | 2.9 |
WildBrain Ltd., 09/30/2024 5.875% | 2.9 |
Valvoline, Inc., 02/15/2030, 4.240% | 2.6 |
ANGI Group LLC, 08/15/2028, 3.875% | 2.5 |
Sector Allocation as of 12/31/23 (%)
% of Net Assets | |
---|---|
Consumer Discreationary | 23.0 |
Industrials | 19.3 |
Energy | 14.4 |
Communication Services | 11.8 |
Health Care | 11.5 |
Financials | 8.1 |
Consumer Staples | 6.7 |
Information Technology | 3.1 |
Cash & Cash Equivalent | 1.5 |
Materials | 0.6 |
Asset Allocation as of 12/31/23 (%)
% of Net Assets | |
---|---|
Corporate Bonds | 85.3 |
Loans | 10.2 |
Convertible Bonds | 3.1 |
Cash & Cash Equivalents | 1.0 |
Preferred Stocks | .4 |
Credit Quality as of 12/31/23 (%)
Standard and Poor's Credit Quality | % of Net Assets |
---|---|
A+ | 1.2 |
BBB+ | 2.1 |
BBB | 4.8 |
BBB- | 2.7 |
BB+ | 1.6 |
BB | 11.6 |
BB- | 16.2 |
B+ | 9.3 |
B | 4.7 |
B- | 14.6 |
CCC+ | 4.7 |
CCC | 1.1 |
Non-Rated | 25.1 |
Cash or Equivalent | 0.3 |
Portfolio Characteristics as of 12/31/23
Weighted Avg Maturity
3.14 yrs
Weighted Avg Yield to Maturity
9.82%
Modified Duration
2.01 yrs
30-day Subsidized SEC Yield
8.14%
30-day Unsubsidized SEC Yield
8.08%