Top 10 Holdings as of 03.31.2022 (%)
| % of Net Assets | |
|---|---|
| FRESH MARKET INC 9.75% Due 05/01/2023 | 6.2 |
| Battle Motors Inc 6.5% Due 11/24/2024 | 4.4 |
| GAGE GROWTH CORP 10.25% Due 11/30/2022 | 4.3 |
| ATENTO LUXCO 1 SA 8% Due 02/10/2026 | 4.2 |
| EXTERRAN ENERGY SOLUTIONS LP 8.125% Due 05/01/2025 | 4.1 |
| % of Net Assets | |
|---|---|
| Trulieve Cannabis Corp 8% Due 10/06/2026 | 4.0 |
| EZCORP INC 2.375% Due 05/01/2025 | 4.0 |
| ENSIGN DRILLING INC 9.25% Due 04/15/2024 | 4.0 |
| AHERN RENTALS INC 7.375% Due 05/15/2023 | 3.6 |
| EARTHSTONE ENERGY HOL 8% Due 04/15/2027 | 3.3 |
Sector Allocation as of 06/30/22 (%)
| % of Net Assets | |
|---|---|
| Financials | 7.2 |
| Industrials | 9.8 |
| Healthcare | 30.2 |
| Energy | 22.6 |
| Communication Services | 12.7 |
| Consumer Staples | 7.6 |
| Industrials | 2.0 |
| Consumer Discretionary | 9.7 |
| Liquid Assets | .2 |
Asset Allocation as of 06/30/22 (%)
| % of Net Assets | |
|---|---|
| Corporate Bonds | 67.3 |
| Convertible Bonds | 11.1 |
| Loans | 21.3 |
| Cash & Cash Equivalents | .2 |
Credit Quality as of 06/30/22 (%)
| Standard and Poor's Credit Quality | % of Net Assets |
|---|---|
| BB+ | .6 |
| BB | 8.6 |
| BB- | 4.0 |
| B+ | 10.9 |
| B | 3.4 |
| B- | 12.5 |
| CCC | 4.0 |
| CCC- | 1.4 |
| C | 3.6 |
| Non-Rated | 50.8 |
| Cash | .2 |
Portfolio Characteristics as of 06/30/22
Weighted Avg Maturity
2.61 yrs
Weighted Avg Yield to Maturity
10.98%
Modified Duration
2.14 yrs
30-day Subsidized SEC Yield
9.0%
30-day Unsubsidized SEC Yield
8.9%