Top 10 Holdings as of 03.31.2022 (%)
| % of Net Assets | |
|---|---|
| Apollo Co. Real Estate 4.7% Due 08/23/2022 | 5.8 |
| Great Western Pet 12.0% Due 09/01/2025 | 4.9 |
| Battle Motors Inc 6.5% Due 11/24/2024 | 4.4 |
| Turning Point Brands 5.6% 02/15/2026 | 4.4 |
| Trulieve Can 8% Due 10/06/2026 | 4.3 |
| % of Net Assets | |
|---|---|
| Exterran Energy Sol. 8.1% Due 05/01/2025 | 4.3 |
| GAGE GROWTH CORP 10.2% Due 11/30/2022 | 4.2 |
| EZCORP INC 2.4% Due 05/01/2025 | 4.1 |
| PBF Log. 6.9% Due 05/15/2023 | 3.9 |
| Targa Resources perf. 9.5% Due 01/01/2030 | 3.7 |
Sector Allocation as of 03/31/22 (%)
| % of Net Assets | |
|---|---|
| Financials | 13.4 |
| Industrials | 9.5 |
| Healthcare | 25.6 |
| Information Technology | 3.3 |
| Energy | 18.3 |
| Consumer Staples | 5.6 |
| Consumer Discretionary | 8.0 |
| Energy | 7.6 |
| Communication Services | 8.2 |
| Liquid Assets | .5 |
Asset Allocation as of 03/31/22 (%)
| % of Net Assets | |
|---|---|
| Corporate Bonds | 57.1 |
| Convertible Bonds | 22.2 |
| Loans | 16.5 |
| Preferred Stock | 3.8 |
| Cash & Cash Equivalents | .5 |
Credit Quality as of 03/31/22 (%)
| Standard and Poor's Credit Quality | % of Net Assets |
|---|---|
| BB+ | .7 |
| BB | 13.4 |
| BB- | 3.1 |
| B+ | 1.0 |
| B | 17.8 |
| B- | 2.3 |
| CCC | 3.1 |
| CCC- | 3.6 |
| Non-Rated | 54.5 |
| Cash | 0.5 |
Portfolio Characteristics as of 03/31/22
Weighted Avg Maturity
3.08 yrs
Weighted Avg Yield to Maturity
7.90%
Modified Duration
2.11 yrs
30-day Subsidized SEC Yield
7%
30-day Unsubsidized SEC Yield
7%