Top 10 Holdings as of 12/31/20 (%)
| % of Net Assets | |
|---|---|
| Curaleaf, Inc., 01/10/2024, 13.000% | 5.20 |
| Trulieve Cann., 06/18/2024, 9.750% | 4.50 |
| Teekay, 01/15/2023, 5.000% | 4.50 |
| Turning Pt. Brands, 07/15/2024, 2.500% | 4.30 |
| Vista Outdoor, 10/01/2023, 5.875% | 3.90 |
| % of Net Assets | |
|---|---|
| Oppenheimer, 10/01/2025, 5.500% | 3.80 |
| CTO Realty Growth, 04/15/2025, 3.875% | 3.50 |
| Meredith, 02/01/2026, 6.875% | 3.40 |
| Teekay, 11/15/2022, 9.250% | 3.20 |
| Caleres, 08/15/2023, 6.250% | 3.20 |
Asset Allocation as of 06/30/20 (%)
| % of Net Assets | |
|---|---|
| Corporate Bonds | 72.2 |
| Convertible Bonds | 24.1 |
| Cash & Cash Equivalents | 3.7 |
Credit Quality as of 06/30/20 (%)
| Standard and Poor's Credit Quality | % of Net Assets |
|---|---|
| BBB+ | 1.9 |
| BBB- | 1.7 |
| BB+ | 0.5 |
| BB | 7.0 |
| BB- | 6.0 |
| B+ | 18.3 |
| B | 13.2 |
| B- | 5.2 |
| CCC+ | 6.9 |
| Non-Rated | 37.3 |
| Warrants | 0.2 |
| Cash & Cash Equivalents | .4 |
Portfolio Characteristics as of 06/30/20
Weighted Avg Maturity
3.07 yrs
Weighted Avg Yield to Maturity
8.57%
Modified Duration
2.65 yrs
30-day Subsidized SEC Yield
6.43%
30-day Unsubsidized SEC Yield
6.25%