American Funds - Portfolio holdings | American Funds

Portfolio Holdings

American Funds Insurance Series - High-Income Bond Fund

As of December 31, 2019 (updated quarterly, upon availability)

Fixed-Income Securities* Shares or Principal Amount Market Value
ACCO Brands Corp. 5.25% 2024 445,000 464,653
ADT Corp. 3.50% 2022 4,025,000 4,108,008
AES Corp. 4.00% 2021 1,000,000 1,016,000
AES Corp. 4.875% 2023 1,010,000 1,027,256
AES Corp. 5.50% 2025 1,857,000 1,921,976
AES Corp. 6.00% 2026 2,165,000 2,309,730
AG Merger Sub II, Inc. 10.75% 2027 4,734,000 4,747,482
AK Steel Holding Corp. 7.00% 2027 450,000 454,906
AK Steel Holding Corp. 7.625% 2021 3,325,000 3,359,580
AMC Networks Inc. 4.75% 2025 900,000 905,252
AMC Networks Inc. 5.00% 2024 175,000 178,938
ARAMARK Corp. 5.125% 2024 3,020,000 3,105,421
Advanced Disposal Services, Inc. 5.625% 2024 1,550,000 1,616,518
Albertson's Cos LLC 4.625% 2027 1,800,000 1,801,170
Alcatel-Lucent USA Inc. 6.45% 2029 1,800,000 1,908,000
Alliant Holdings Intermediate, LLC 6.75% 2027 2,425,000 2,601,540
Allied Universal Holdco LLC 6.625% 2026 1,625,000 1,749,433
Allied Universal Holdco LLC 9.75% 2027 3,120,000 3,340,250
Allison Transmission Holdings, Inc. 5.00% 2024 4,190,000 4,299,946
Ally Financial Inc. 8.00% 2020 1,540,000 1,554,245
Ally Financial Inc. 8.00% 2031 105,000 144,131
Ally Financial Inc. 8.00% 2031 2,480,000 3,447,076
Almonde Inc., Term Loan, (3-month USD-LIBOR + 7.25%) 9.446% 2025 5,370,000 5,262,600
Altice Finco SA 8.125% 2024 505,000 522,117
Altice NV 6.625% 2023 835,000 851,353
Altice NV 7.50% 2026 1,150,000 1,238,378
Altice SA 7.625% 2025 3,275,000 3,414,188
AmWINS Group, Inc. 7.75% 2026 885,000 980,561
AmeriGas Partners, LP 5.50% 2025 700,000 757,743
AmeriGas Partners, LP 5.75% 2027 450,000 494,920
American Energy-Permian Basin, LLC/AEPB Finance Corp. 12.00% 2024 1,934,000 1,344,130
Antero Resources Corp. 5.375% 2024 1,050,000 976,500
Applied Systems, Inc., Term Loan, (3-month USD-LIBOR + 7.00%) 0% 2025 1,825,000 1,872,906
Aqueduct and Sewer Auth., Rev. Bonds, Series 2012-B, 5.35% 2027 5,000 4,888
Ardagh Group SA 6.5% 2027 1,185,000 1,227,423
Ardagh Packaging Finance 6.00% 2025 3,310,000 3,479,638
Ascent Resources - Utica LLC 10.00% 2022 685,000 683,030
Ascent Resources - Utica LLC 7.00% 2026 1,550,000 1,240,539
Ascent Resources Marcellus Holdings, Inc., Term Loan B, (3-month USD-LIBOR + 6.50%) 8.245% 2023 1,329,167 1,259,385
Ashtead Group PLC 4.0% 2028 200,000 202,500
Ashtead Group PLC 4.25% 2029 740,000 757,575
Associated Materials, LLC 9.00% 2024 5,773,000 5,080,240
AssuredPartners, Inc. 7.00% 2025 440,000 448,664
AssuredPartners, Inc. 8.00% 2027 3,075,000 3,206,758
Auris Luxembourg III SARL, Term Loan, (3-month USD-LIBOR + 3.75%) 5.549% 2026 853,551 859,241
Avis Budget Group, Inc. 5.25% 2025 525,000 541,624
Avis Budget Group, Inc. 5.50% 2023 1,274,000 1,300,009
Avolon Holdings Funding Ltd 5.25% 2024 1,000,000 1,094,495
Axalta Coating Systems LLC 4.875% 2024 1,450,000 1,503,773
B&G Foods, Inc. 5.25% 2025 4,333,000 4,464,788
B&G Foods, Inc. 5.25% 2027 1,485,000 1,501,706
BWAY Parent Co., Inc. 5.50% 2024 2,840,000 2,932,556
Ball Corp. 4.375% 2020 450,000 460,458
Ball Corp. 5.00% 2022 825,000 873,906
Banff Merger Sub Inc. 9.75% 2026 1,150,000 1,167,279
Bausch Health Companies Inc. 5.00% 2028 2,655,000 2,731,703
Bausch Health Companies Inc. 5.25% 2030 2,790,000 2,900,205
Bausch Health Companies Inc. 7.00% 2028 1,510,000 1,663,794
Beacon Roofing Supply, Inc. 4.875% 2025 1,300,000 1,309,211
Berry Petroleum Corp. 7.00% 2026 250,000 232,275
Berry Plastics Corp. 5.50% 2022 585,000 593,040
Blue Cube Spinco Inc. (Olin Corp.) 10.00% 2025 1,000,000 1,107,855
Blue Racer Midstream LLC and Blue Racer Finance Corp. 6.125% 2022 1,300,000 1,276,314
Bohai Financial Investment Holding Co., Ltd. 4.50% 2023 1,625,000 1,706,112
Bohai Financial Investment Holding Co., Ltd. 5.125% 2023 1,000,000 1,080,795
Bohai Financial Investment Holding Co., Ltd. 5.25% 2022 1,600,000 1,709,139
Bohai Financial Investment Holding Co., Ltd. 5.50% 2024 600,000 659,496
Boyd Gaming Corp. 4.75% 2027 2,485,000 2,585,891
Braskem Idesa Sapi 7.45% 2029 860,000 917,844
Brookfield Property REIT Inc. 5.75% 2026 4,860,000 5,136,408
Builders FirstSource, Inc. 5.625% 2024 5,958,000 6,208,742
Burger King Corp. 4.375% 2028 875,000 878,806
CBS Corp. 7.25% 2024 350,000 369,395
CCO Holdings LLC and CCO Holdings Capital Corp. 4.00% 2023 2,925,000 2,972,502
CCO Holdings LLC and CCO Holdings Capital Corp. 4.75% 2030 2,790,000 2,851,045
CCO Holdings LLC and CCO Holdings Capital Corp. 5.00% 2028 300,000 315,351
CCO Holdings LLC and CCO Holdings Capital Corp. 5.125% 2023 1,050,000 1,073,851
CCO Holdings LLC and CCO Holdings Capital Corp. 5.125% 2027 550,000 581,268
CCO Holdings LLC and CCO Holdings Capital Corp. 5.375% 2025 225,000 232,782
CCO Holdings LLC and CCO Holdings Capital Corp. 5.375% 2029 1,150,000 1,229,753
CCO Holdings LLC and CCO Holdings Capital Corp. 5.50% 2026 825,000 871,260
CCO Holdings LLC and CCO Holdings Capital Corp. 5.75% 2026 6,450,000 6,816,812
CCO Holdings LLC and CCO Holdings Capital Corp. 5.875% 2024 350,000 362,542
CDW Corp. 5.00% 2025 1,150,000 1,204,148
CIT Group Inc. 4.125% 2021 950,000 969,646
CONSOL Energy Inc. 5.875% 2022 7,366,000 7,389,571
CSC Holdings, LLC 5.50% 2026 1,300,000 1,379,382
CVR Partners, LP 9.25% 2023 700,000 732,666
Cablevision Systems Corp. 5.75% 2030 1,175,000 1,255,781
Cablevision Systems Corp. 6.75% 2021 5,025,000 5,419,463
California Resources Corp. 8.00% 2022 865,000 374,113
California Resources Corp., Term Loan B, (3-month USD-LIBOR + 4.75%) 6.555% 2022 950,000 849,459
Calpine Corp. 5.125% 2028 1,205,000 1,232,956
Calpine Corp. 5.25% 2026 405,000 422,647
Calpine Corp. 5.375% 2023 2,450,000 2,483,812
Calpine Corp. 5.75% 2025 300,000 308,625
Calpine Corp. 5.875% 2024 2,420,000 2,475,454
Calpine Corp. 6.00% 2022 425,000 426,288
Camelot Finance S.A. 4.50% 2026 945,000 972,758
Capital Group Central Cash Fund 391,124 39,112,432
Carlyle Group LP 8.75% 2023 450,000 460,312
Carrizo Oil & Gas Inc. 6.25% 2023 1,865,000 1,897,339
Cascades Inc. 5.125% 2026 750,000 772,500
Cedar Fair, LP 5.25% 2029 410,000 442,534
Centene Corp. 4.25% 2027 4,625,000 4,766,525
Centene Corp. 4.625% 2029 6,985,000 7,374,065
Centene Corp. 4.75% 2022 4,580,000 4,679,752
Centene Corp. 4.75% 2025 1,425,000 1,483,161
Centene Corp. 5.375% 2026 3,475,000 3,694,273
Centene Corp. 6.125% 2024 1,500,000 1,558,125
Centennial Resource Production, LLC 6.875% 2027 705,000 734,838
CenturyLink, Inc. 5.125% 2026 2,975,000 3,034,887
CenturyLink, Inc. 6.75% 2023 7,100,000 7,940,179
CenturyLink, Inc. 7.50% 2024 700,000 790,710
CenturyLink, Inc., Series T, 5.80% 2022 200,000 210,610
Charles River Laboratories International, Inc. 4.25% 2028 2,190,000 2,235,114
Charles River Laboratories International, Inc. 5.50% 2026 885,000 953,431
Chemours Co. 6.625% 2023 3,940,000 3,963,305
Cheniere Energy Partners, LP 4.50% 2029 3,134,000 3,226,296
Cheniere Energy, Inc. 3.70% 2029 334,000 341,011
Cheniere Energy, Inc. 5.875% 2025 750,000 844,909
Cheniere Energy, Inc. 7.00% 2024 1,575,000 1,818,298
Chesapeake Energy Corp. 11.50% 2025 2,824,000 2,675,740
Chesapeake Energy Corp. 4.875% 2022 4,300,000 3,409,092
Chesapeake Energy Corp., Term Loan, (3-month USD-LIBOR + 8.00%) 9.928% 2024 1,245,000 1,286,241
Churchill Downs Inc. 4.75% 2028 1,850,000 1,918,173
Cinemark USA, Inc. 4.875% 2023 550,000 560,307
Cirsa Gaming Corp. SA 7.875% 2023 3,891,000 4,131,114
Citgo Holding, Inc. 9.25% 2024 909,000 977,175
Clean Harbors, Inc. 4.875% 2027 1,160,000 1,223,046
Clean Harbors, Inc. 5.125% 2029 915,000 984,035
Clear Channel Worldwide Holdings, Inc. 9.25% 2024 2,314,000 2,567,580
Clearway Energy Operating LLC 4.75% 2028 875,000 888,125
Clearway Energy Operating LLC 5.00% 2026 440,000 455,553
Cleveland-Cliffs Inc. 4.875% 2024 5,375,000 5,504,618
Cleveland-Cliffs Inc. 5.75% 2025 6,831,000 6,758,421
Cleveland-Cliffs Inc. 5.875% 2027 8,285,000 7,968,927
Cleveland-Cliffs Inc., convertible notes, 1.50% 2025 500,000 598,921
CommScope Finance LLC 6.00% 2026 1,000,000 1,065,624
CommScope Technologies LLC 5.00% 2027 950,000 895,399
CommScope Technologies LLC 5.50% 2024 200,000 203,002
CommScope Technologies LLC 6.00% 2025 1,000,000 1,003,630
Communications Sales & Leasing, Inc. 6.00% 2023 450,000 433,125
Communications Sales & Leasing, Inc. 7.125% 2024 400,000 339,996
Community Health Systems Inc. 5.125% 2021 550,000 551,238
Compass Diversified Holdings 8.00% 2026 5,260,000 5,708,930
Comstock Resources, Inc. 9.75% 2026 3,400,000 3,093,568
Concordia International Corp. 8.00% 2024 34,000 32,300
Concordia International Corp., Term Loan, (3-month USD-LIBOR + 5.50%) 7.447% 2024 91,650 85,865
Consolidated Energy Finance SA 6.50% 2026 2,395,000 2,252,133
Constellation Oil Services Holding SA 10.00% 2024 7,095,794 3,370,502
Continental Airlines, Inc., Series 2000-1, Class B, 8.388% 2022 38 39
Convey Park Energy LLC 7.50% 2025 950,000 819,769
Cott Beverages Inc. 5.50% 2025 1,980,000 2,073,228
Covanta Holding Corp. 5.875% 2024 1,200,000 1,237,998
Covanta Holding Corp. 5.875% 2025 1,300,000 1,375,290
Credit Acceptance Corp. 5.125% 2024 1,035,000 1,077,394
Cumulus Media New Holdings Inc., 6.75% 2026 2,565,000 2,752,563
Cydsa, S.A.B. de C.V. 6.25% 2027 455,000 468,813
DCP Midstream Operating LP 4.95% 2022 1,405,000 1,461,638
DISH DBS Corp. 5.125% 2020 1,000,000 1,007,440
DISH DBS Corp. 6.75% 2021 1,100,000 1,158,443
DISH DBS Corp., convertible notes, 3.375% 2026 1,010,000 974,044
DPL Inc. 4.35% 2029 575,000 554,739
DaVita HealthCare Partners Inc. 5.00% 2025 965,000 994,756
DaVita HealthCare Partners Inc. 5.125% 2024 1,000,000 1,027,085
Darling Ingredients Inc. 5.25% 2027 380,000 405,108
Denbury Resources Inc. 7.75% 2024 100,000 88,792
Denbury Resources Inc. 9.00% 2021 1,656,000 1,605,906
Diamond Offshore Drilling, Inc. 4.875% 2043 2,760,000 1,513,681
Diamond Offshore Drilling, Inc. 7.875% 2025 1,175,000 1,025,188
Diamond Sports Group LLC 5.375% 2026 2,400,000 2,432,222
Diamond Sports Group LLC 6.625% 2027 1,051,000 1,024,042
Diebold Nixdorf AG, Term Loan A1, (3-month USD-LIBOR + 9.25%) 11.062% 2022 3,660,310 3,870,777
Diebold Nixdorf AG, Term Loan B, (3-month USD-LIBOR + 2.75%) 4.5% 2023 792,908 772,095
Diebold, Inc. 8.50% 2024 1,925,000 1,863,236
Diebold, Inc., Term Loan A, (3-month USD-LIBOR + 4.75%) 6.5% 2022 772,099 748,936
Dun & Bradstreet Corp. 6.875% 2026 3,490,000 3,858,631
Dun & Bradstreet Corp., Term Loan B, (3-month USD-LIBOR + 5.00%) 6.792% 2026 1,370,000 1,382,272
Eagle Holding Co. II LLC 7.625% 2022 1,250,000 1,272,791
Eagle Holding Co. II, LLC 7.75% 2022 2,410,000 2,451,356
Edison International 4.125% 2028 575,000 589,827
Ellucian, Inc. 9.00% 2023 450,000 463,687
Embarq Corporation 7.995% 2036 1,275,000 1,350,576
Emera Inc. 6.75% 2076 (3-month USD-LIBOR + 5.44% on 6/15/2026) 1,650,000 1,867,008
Encompass Health Corp. 4.50% 2028 903,000 937,404
Encompass Health Corp. 4.75% 2030 740,000 769,119
Endo International PLC 5.75% 2022 3,525,000 2,626,125
Endo International PLC 5.875% 2024 2,450,000 2,383,642
Endo International PLC 6.00% 2023 4,754,000 3,446,602
Endo International PLC 6.00% 2025 5,030,000 3,406,266
Enel Società per Azioni 8.75% 2073 1,750,000 2,058,613
Energizer Holdings, Inc. 6.375% 2026 2,375,000 2,533,769
Energizer Holdings, Inc. 7.75% 2027 930,000 1,041,042
Energizer SpinCo Inc. 5.50% 2025 625,000 649,741
Entercom Media Corp. 6.50% 2027 375,000 402,318
Equinix, Inc. 5.875% 2026 575,000 611,288
Euramax International, Inc. 12.00% 2020 1,850,000 1,836,843
Extended Stay America Inc. 4.625% 2027 1,249,000 1,266,923
Extraction Oil & Gas, Inc. 5.625% 2026 1,890,000 1,139,383
Extraction Oil & Gas, Inc. 7.375% 2024 100,000 62,792
F-Brasile SpA 7.375% 2026 1,871,000 1,983,260
FS Energy and Power Fund 7.50% 2023 7,115,000 7,307,710
FXI Holdings, Inc. 12.25% 2026 5,155,000 5,377,304
FXI Holdings, Inc. 7.875% 2024 5,105,000 4,913,511
Fair Isaac Corp. 4.00% 2028 875,000 883,750
Fairstone Financial Inc. 7.875% 2024 3,158,000 3,404,056
Fertitta Entertainment, Inc. 6.75% 2024 335,000 347,559
Fertitta Entertainment, Inc. 8.75% 2025 1,325,000 1,420,221
Financial & Risk US Holdings, Inc. 6.25% 2026 2,161,000 2,362,189
Financial & Risk US Holdings, Inc. 8.25% 2026 910,000 1,026,571
Financial & Risk US Holdings, Inc., Term Loan B, (3-month USD-LIBOR + 3.25%) 4.952% 2025 742,500 749,809
First Quality Enterprises, Inc. 5.00% 2025 1,995,000 2,081,453
First Quantum Minerals Ltd. 6.50% 2024 2,860,000 2,873,113
First Quantum Minerals Ltd. 6.875% 2026 5,075,000 5,147,826
First Quantum Minerals Ltd. 7.00% 2021 380,000 381,663
First Quantum Minerals Ltd. 7.25% 2022 2,425,000 2,440,714
First Quantum Minerals Ltd. 7.25% 2023 8,150,000 8,454,525
First Quantum Minerals Ltd. 7.50% 2025 11,100,000 11,372,894
Five Point Holdings LLC 7.875% 2025 775,000 782,595
Freeport-McMoRan Inc. 3.55% 2022 4,786,000 4,854,344
Freeport-McMoRan Inc. 3.875% 2023 400,000 408,126
Frontier Communications Corp. 10.50% 2022 5,080,000 2,490,785
Frontier Communications Corp. 11.00% 2025 16,070,000 7,834,125
Frontier Communications Corp. 8.00% 2027 3,810,000 3,988,499
Frontier Communications Corp. 8.50% 2020 825,000 494,344
Frontier Communications Corp. 8.50% 2026 1,775,000 1,800,471
Frontier Communications Corp. 9.25% 2021 1,300,000 637,000
GW B-CR Security Corporation 9.50% 2027 892,000 953,860
General Motors Acceptance Corp. 7.50% 2020 1,920,000 1,992,745
Genesis Energy, LP 6.50% 2025 2,490,000 2,415,275
Genesis Energy, LP 6.75% 2022 3,135,000 3,171,930
Genesys Telecommunications Laboratories, Inc. 10.00% 2024 7,370,000 7,984,179
Getty Images Inc. 9.75% 2027 675,000 671,860
Go Daddy Operating Co. 5.25% 2027 2,435,000 2,567,342
Gogo Inc. 9.875% 2024 14,750,000 15,610,441
Gogo Inc., convertible notes, 6.00% 2022 797,000 1,000,586
Golden Entertainment, Inc. 7.625% 2026 600,000 647,924
Gray Television, Inc. 7.00% 2027 1,225,000 1,363,548
Greif, Inc. 6.50% 2027 725,000 784,341
H.I.G. Capital, LLC 6.75% 2024 534,000 498,177
HCA Inc. 4.50% 2027 350,000 377,627
HCA Inc. 5.25% 2049 69,000 77,148
HCA Inc. 5.50% 2047 756,000 867,883
HCA Inc. 5.625% 2028 1,475,000 1,683,639
HCA Inc. 5.875% 2023 1,925,000 2,131,447
HCA Inc. 5.875% 2026 650,000 740,337
HCA Inc. 7.50% 2022 360,000 398,441
HUB International Ltd. 7.00% 2026 3,605,000 3,821,390
Hanesbrands Inc. 4.625% 2024 2,905,000 3,069,612
Hanesbrands Inc. 4.875% 2026 1,790,000 1,898,474
Hardwoods Acquisition Inc. 7.50% 2021 1,160,000 591,600
Harsco Corp. 5.75% 2027 985,000 1,052,763
HealthSouth Corp. 5.75% 2024 744,000 753,921
HealthSouth Corp. 5.75% 2025 1,380,000 1,449,573
Hertz Global Holdings Inc. 7.625% 2022 1,756,000 1,830,630
Hess Midstream Partners LP 5.125% 2028 1,805,000 1,829,819
Hexion Inc. 7.875% 2027 1,910,000 1,991,127
Hill-Rom Holdings, Inc. 4.375% 2027 1,576,000 1,625,798
Hilton Worldwide Holdings Inc. 4.875% 2030 770,000 817,531
Howard Hughes Corp. 5.375% 2025 6,070,000 6,343,089
IMS Health Holdings, Inc. 5.00% 2026 3,460,000 3,658,338
INEOS Group Holdings SA 5.625% 2024 2,375,000 2,445,039
Icahn Enterprises Finance Corp. 4.75% 2024 885,000 910,444
Icahn Enterprises Finance Corp. 5.25% 2027 1,280,000 1,312,166
Icahn Enterprises Finance Corp. 6.25% 2022 2,800,000 2,858,184
Indigo Natural Resources LLC 6.875% 2026 370,000 348,734
Infor (US), Inc. 6.50% 2022 5,400,000 5,490,612
Informatica Corp. 7.125% 2023 1,425,000 1,449,923
Inmarsat PLC 4.875% 2022 2,325,000 2,358,422
Inmarsat PLC 6.75% 2026 3,375,000 3,598,594
Intelsat Jackson Holding Co. 5.50% 2023 2,210,000 1,903,086
Intelsat Jackson Holding Co. 6.625% 2024 2,900,000 2,942,595
Intelsat Jackson Holding Co. 8.00% 2024 250,000 257,084
Intelsat Jackson Holding Co. 8.50% 2024 6,100,000 5,568,782
Internet Brands, Inc., Term Loan, (3-month USD-LIBOR + 7.50%) 9.299% 2025 700,000 702,625
Iron Mountain Inc. 4.875% 2027 1,350,000 1,397,011
Iron Mountain Inc. 5.25% 2028 1,840,000 1,917,004
Iron Mountain Inc. 5.75% 2024 3,875,000 3,928,243
JELD-WEN Holding, Inc. 4.875% 2027 1,565,000 1,604,670
Jaguar Holding Co. 6.375% 2023 2,425,000 2,509,094
Jonah Energy LLC 7.25% 2025 2,200,000 654,500
Kinetic Concepts, Inc. 12.50% 2021 6,573,000 6,781,035
Korn Ferry 4.625% 2027 875,000 881,563
Kratos Defense & Security Solutions, Inc. 6.50% 2025 1,305,000 1,400,154
Kronos Inc., Term Loan B, (3-month USD-LIBOR + 8.25%) 10.159% 2024 8,645,000 8,882,738
LABL Escrow Issuer, LLC 10.50% 2027 1,045,000 1,070,627
LPL Financial Holdings Inc. 4.625% 2027 2,600,000 2,658,500
LSB Industries, Inc. 9.625% 2023 5,010,000 5,159,223
LSC Communications, Inc. 8.75% 2023 9,510,000 5,163,122
LSC Communications, Inc., Term Loan B, (3-month USD-LIBOR + 5.50%) 7.124% 2022 334,005 218,495
Lamb Weston Holdings, Inc. 4.625% 2024 850,000 903,835
Laredo Petroleum, Inc. 5.625% 2022 650,000 632,328
Lcpr Senior Secured Financing Designated Activity Company 6.75% 2027 1,075,000 1,141,489
Level 3 Communications, Inc. 3.875% 2029 1,450,000 1,463,558
Levi Strauss & Co. 5.00% 2025 555,000 573,268
Liberty Global PLC 5.50% 2028 775,000 787,090
Liberty Media Corp. 2.75% 2049 560,000 589,400
Ligado Networks, Term Loan, (3-month USD-LIBOR + 8.75%) 10.635% 2020 2,675,557 1,706,783
Limited Brands, Inc. 6.625% 2021 750,000 787,800
Live Nation Entertainment, Inc. 4.75% 2027 649,000 672,916
Live Nation Entertainment, Inc. 5.625% 2026 425,000 453,835
Loral Space & Communications Inc. 4.875% 2027 450,000 459,000
MDC Partners Inc. 6.50% 2024 9,510,000 8,630,325
MGM Growth Properties LLC 5.625% 2024 200,000 218,417
MGM Resorts International 5.50% 2027 1,255,000 1,395,372
MGM Resorts International 6.00% 2023 820,000 901,660
MGM Resorts International 7.75% 2022 1,500,000 1,675,170
MSCI Inc 4.00% 2029 2,890,000 2,935,084
MSCI Inc 5.375% 2027 1,000,000 1,079,823
Mallinckrodt International Finance SA 5.50% 2025 1,300,000 464,750
Mallinckrodt PLC 4.875% 2020 11,135,000 8,609,493
Mallinckrodt PLC 5.75% 2022 1,175,000 484,688
Matador Resources Co. 5.875% 2026 585,000 587,940
Match Group, Inc. 5.00% 2027 175,000 182,936
Match Group, Inc. 5.625% 2029 1,425,000 1,521,683
Mattel, Inc. 6.75% 2025 1,325,000 1,426,873
McAfee, LLC, Term Loan, (3-month USD-LIBOR + 3.75%) 5.555% 2024 1,358,680 1,366,323
McAfee, LLC, Term Loan, (3-month USD-LIBOR + 8.50%) 10.305% 2025 765,625 772,324
McDermott International, Inc. 10.625% 2024 4,010,000 352,118
McDermott International, Term Loan B, (3-month USD-LIBOR + 10.00%) 12.002% 2021 210,058 215,047
McDermott International, Term Loan B, (3-month USD-LIBOR + 5.00%) 6.945% 2025 891,693 524,613
McGraw-Hill Global Education Holdings, LLC, Term Loan B, (3-month USD-LIBOR + 4.00%) 5.799% 2022 1,271,343 1,221,682
Medical Properties Trust, Inc. 5.00% 2027 2,020,000 2,146,301
Melco International Development Ltd. 5.375% 2029 1,275,000 1,310,769
Meredith Corp. 6.875% 2026 4,250,000 4,430,829
Merlin Entertainment 5.75% 2026 1,200,000 1,317,418
Mineral Resources Ltd. 8.125% 2027 2,230,000 2,452,605
Mitchell International, Inc., Term Loan B, (3-month USD-LIBOR + 7.25%) 9.049% 2025 1,150,000 1,093,938
Molina Healthcare, Inc. 4.875% 2025 1,744,000 1,797,044
Molina Healthcare, Inc. 5.375% 2022 10,235,000 10,897,819
Moneygram International Inc., Term Loan B (3-month USD-LIBOR + 6.00%) 7.799% 2023 1,228,825 1,115,159
Moog Inc. 4.25% 2027 2,383,000 2,430,898
Murphy Oil Corp. 5.875% 2027 1,189,000 1,249,936
Murphy Oil Corp. 6.875% 2024 1,000,000 1,057,085
NGL Energy Partners LP 6.125% 2025 3,815,000 3,606,758
NGL Energy Partners LP 7.50% 2023 850,000 855,287
NGL Energy Partners LP 7.50% 2026 2,525,000 2,448,929
NMG Finco PLC 5.75% 2022 1,780,000 1,760,776
NRG Energy, Inc. 7.25% 2026 500,000 547,175
NVA Holdings Inc. 6.875% 2026 1,490,000 1,614,788
Nabors Industries Inc. 5.75% 2025 700,000 632,041
Navient Corp. 5.50% 2023 4,235,000 4,531,450
Navient Corp. 6.125% 2024 500,000 543,745
Navient Corp. 6.50% 2022 4,240,000 4,605,700
Neiman Marcus Group Ltd. LLC 14.0% 2024 4,809,328 2,500,851
Neiman Marcus Group Ltd. LLC 8.00% 2024 3,656,000 1,169,920
Neiman Marcus Group Ltd. LLC 8.75% 2024 2,921,677 964,153
Neiman Marcus Group Ltd. LLC, Term Loan B, (3-month USD-LIBOR + 6.00%) 7.713% 2023 2,474,938 2,038,111
Neon Holdings, Inc. 10.125% 2026 3,045,000 3,037,001
Neptune Energy Group Holdings Ltd. 6.625% 2025 825,000 826,543
Neptune Finco Corp. (Altice NV) 6.625% 2025 1,250,000 1,329,675
Nestle Skin Health SA, Term Loan B1, (3-month USD-LIBOR + 4.25%) 6.195% 2026 3,079,581 3,112,853
Netflix, Inc. 4.875% 2030 2,585,000 2,630,173
Netflix, Inc. 5.375% 2029 1,425,000 1,520,233
Nexstar Broadcasting, Inc. 5.625% 2024 950,000 992,356
Nexstar Escrow Corporation 5.625% 2027 2,090,000 2,206,309
Nielsen Finance LLC and Nielsen Finance Co. 5.00% 2025 900,000 929,241
Noble Corp. PLC 8.95% 2045 2,075,000 902,625
Nova Chemicals Corp. 4.875% 2024 750,000 775,939
Nova Chemicals Corp. 5.25% 2027 3,300,000 3,396,855
Novelis Corp. 5.875% 2026 950,000 1,013,107
Novelis Corp. 6.25% 2024 860,000 904,066
NuStar Logistics, LP 6.00% 2026 1,040,000 1,101,749
Numericable Group SA 7.375% 2026 2,400,000 2,581,176
OCI NV 5.25% 2024 1,470,000 1,532,475
OUTFRONT Media Cap LLC 5.00% 2027 905,000 949,662
Oasis Petroleum Inc. 6.25% 2026 910,000 757,598
Oasis Petroleum Inc. 6.875% 2022 2,500,000 2,412,500
Owens & Minor, Inc. 3.875% 2021 2,850,000 2,751,390
Owens & Minor, Inc. 4.375% 2024 200,000 152,583
Owens & Minor, Inc., Term Loan B, (3-month USD-LIBOR + 4.50%) 6.191% 2025 1,728,125 1,550,992
Owens-Illinois, Inc. 5.00% 2022 560,000 582,271
Owens-Illinois, Inc. 5.875% 2023 2,530,000 2,706,050
Owens-Illinois, Inc. 6.375% 2025 705,000 771,975
Owl Rock Capital Corp. 4.625% 2024 900,000 910,597
PAREXEL International Corp. 6.375% 2025 2,305,000 2,304,977
PDC Energy Inc. 5.75% 2026 1,100,000 1,100,028
Pacific Gas and Electric Co. 2.45% 2022 675,000 676,477
Pacific Gas and Electric Co. 3.25% 2023 450,000 449,062
Pacific Gas and Electric Co. 6.05% 2034 1,575,000 1,652,726
Panther BF Aggregator 2 , LP 8.50% 2027 1,500,000 1,596,525
Panther BF Aggregator 2, LP 6.25% 2026 985,000 1,063,183
Par Pharmaceutical Companies Inc. 7.50% 2027 5,755,000 5,740,756
Party City Holdings Inc. 6.625% 2026 500,000 353,662
Peabody Energy Corp. 6.00% 2022 2,350,000 2,297,125
Peabody Energy Corp. 6.375% 2025 100,000 92,250
Performance Food Group, Inc. 5.50% 2027 1,595,000 1,708,684
PetSmart, Inc. 5.875% 2025 8,093,000 8,264,976
PetSmart, Inc. 7.125% 2023 10,565,000 10,380,113
PetSmart, Inc. 8.875% 2025 9,205,000 9,112,950
PetSmart, Inc., Term Loan, (3-month USD-LIBOR + 3.00%) 4.74% 2022 3,025,348 2,961,059
Petrobras Global Finance Co. 5.299% 2025 511,000 558,316
Petrobras Global Finance Co. 6.90% 2049 625,000 734,234
Petroleos Mexicanos 6.49% 2027 200,000 212,922
Petroleos Mexicanos 7.69% 2050 418,000 457,616
Petróleos Mexicanos 5.35% 2028 749,000 747,388
Petsmart Inc, Term Loan B2, (3-month USD-LIBOR + 4.00%) 5.74% 2022 2,475,000 2,454,376
Pisces Parent LLC 8.00% 2026 3,915,000 4,091,273
Pisces Parent LLC, Term Loan B, (3-month USD-LIBOR + 3.75%) 5.486% 2025 936,984 936,586
Plastipak Holdings, Inc. 6.25% 2025 200,000 172,992
Platform Specialty Products Corp. 5.875% 2025 1,030,000 1,080,202
Post Holdings, Inc. 5.00% 2026 2,865,000 3,031,457
Post Holdings, Inc. 5.50% 2029 1,085,000 1,158,943
Post Holdings, Inc. 5.625% 2028 1,955,000 2,110,129
Post Holdings, Inc. 8.00% 2025 1,550,000 1,664,568
Prestige Brands International Inc. 5.125% 2028 321,000 337,050
Prestige Brands International Inc. 6.375% 2024 810,000 844,089
Prime Security Services Borrower, LLC 9.25% 2023 1,000,000 1,050,625
PrimeSource Building Products Inc. 9.00% 2023 650,000 646,750
QEP Resources, Inc. 5.25% 2023 735,000 729,488
QEP Resources, Inc. 5.625% 2026 1,080,000 1,055,997
Qwest Capital Funding, Inc. 6.875% 2028 1,100,000 1,086,633
R.R. Donnelley & Sons Co. 6.50% 2023 1,375,000 1,409,946
R.R. Donnelley & Sons Co. 7.875% 2021 742,000 770,122
R.R. Donnelley & Sons Co., Term Loan B, (3-month USD-LIBOR + 5.00%) 6.799% 2024 1,336,500 1,349,030
Range Resources Corp. 4.875% 2025 715,000 613,113
Rayonier Advanced Materials Inc. 5.50% 2024 2,135,000 1,612,811
Realogy Corp. 4.875% 2023 3,985,000 3,925,225
Realogy Corp. 5.25% 2021 1,865,000 1,887,846
Realogy Corp. 9.375% 2027 2,765,000 2,892,149
Rexnord Corp. 4.875% 2025 2,610,000 2,701,324
Reynolds Group Inc. 5.75% 2020 314,960 315,747
Rotech Healthcare Inc., Term Loan, (3-month USD-LIBOR + 11.00%) 13.012% 2023 5,664,826 5,721,475
Ryerson Inc. 11.00% 2022 5,191,000 5,489,446
S.P.C.M. SA 4.875% 2025 1,675,000 1,746,171
SBA Communications Corp. 4.00% 2022 1,010,000 1,031,455
SBA Communications Corp. 4.875% 2022 700,000 709,996
SM Energy Co. 5.00% 2024 250,000 238,854
SM Energy Co. 5.625% 2025 1,555,000 1,480,492
SM Energy Co. 6.125% 2022 245,000 248,139
SM Energy Co. 6.625% 2027 850,000 837,401
Sally Holdings LLC and Sally Capital Inc. 5.50% 2023 1,770,000 1,805,400
Sally Holdings LLC and Sally Capital Inc. 5.625% 2025 4,355,000 4,569,331
Sanchez Energy Corp. 7.25% 2023 825,000 538,931
Sanchez Energy Corp., Term Loan, (3-month USD-LIBOR + 8.00%) 0% 2020 94,775 94,775
Scientific Games Corp. 8.25% 2026 5,130,000 5,665,439
Scientific Games Corp. 5.00% 2025 1,465,000 1,538,250
Scientific Games Corp. 6.625% 2021 175,000 177,914
Scientific Games Corp. 7.00% 2028 2,100,000 2,250,885
Scientific Games Corp. 7.25% 2029 1,465,000 1,595,898
Scotts Miracle-Gro Co. 4.50% 2029 1,180,000 1,209,176
Sealed Air Corp. 4.00% 2027 988,000 1,002,820
Sealed Air Corp. 4.875% 2022 1,000,000 1,061,562
Sealed Air Corp. 5.25% 2023 405,000 432,506
Select Medical Holdings Corp. 6.25% 2026 1,394,000 1,511,591
Sensata Technologies Holding BV 4.875% 2023 125,000 133,436
ServiceMaster Global Holdings, Inc. 5.125% 2024 1,300,000 1,351,461
Seven Generations Energy Ltd. 5.375% 2025 750,000 755,618
Silgan Holdings Inc. 4.125% 2028 1,177,000 1,180,296
Sinclair Broadcast Group, Inc. 5.50% 2030 900,000 921,915
Sirius XM Radio Inc. 3.875% 2022 2,650,000 2,712,919
Sirius XM Radio Inc. 4.625% 2023 900,000 915,377
Sirius XM Radio Inc. 4.625% 2024 1,495,000 1,572,867
Sirius XM Radio Inc. 5.50% 2029 1,100,000 1,191,399
Six Flags Entertainment Corp. 4.875% 2024 3,450,000 3,582,256
Solera Holdings, Inc. 10.50% 2024 1,100,000 1,169,460
Sotheby's 4.875% 2025 1,650,000 1,663,060
Southwestern Energy Co. 6.20% 2025 750,000 689,768
Southwestern Energy Co. 7.50% 2026 1,645,000 1,525,779
Southwestern Energy Co. 7.75% 2027 475,000 441,144
Spectrum Brands Inc. 5.75% 2025 800,000 837,008
Springleaf Finance Corp. 5.375% 2029 1,480,000 1,547,562
Springleaf Finance Corp. 6.125% 2024 2,450,000 2,688,851
Springleaf Finance Corp. 6.625% 2028 775,000 876,254
Springleaf Finance Corp. 8.25% 2020 450,000 473,175
Sprint Corp. 11.50% 2021 2,930,000 3,352,858
Sprint Corp. 6.875% 2028 5,395,000 5,823,093
Sprint Corp. 7.125% 2024 750,000 810,626
Sprint Corp. 7.25% 2021 690,000 730,931
Sprint Corp. 7.625% 2026 1,600,000 1,767,440
Sprint Corp. 7.875% 2023 1,580,000 1,746,556
Sprint Corp. 8.75% 2032 2,800,000 3,403,680
Standard Industries Inc. 6.00% 2025 550,000 579,557
Staples, Inc. 10.75% 2027 1,750,000 1,779,488
Staples, Inc. 7.50% 2026 8,100,000 8,418,929
Staples, Inc., Term Loan, (3 month USD-LIBOR + 4.50%) 6.191% 2024 1,241,256 1,224,965
Starfruit US Holdco LLC 8.00% 2026 1,410,000 1,498,160
Stars Group Holdings BV, 7.00% 2026 275,000 298,540
Starwood Property Trust, Inc. 5.00% 2021 1,710,000 1,777,973
Stericycle, Inc. 5.375% 2024 2,000,000 2,104,170
Summit Materials, Inc. 6.125% 2023 1,720,000 1,750,100
Summit Materials, Inc. 6.50% 2027 545,000 587,427
Sunoco LP 4.875% 2023 3,040,000 3,117,322
Sunoco LP 5.50% 2026 825,000 858,287
Sunoco LP 6.0% 04-15-27 500,000 534,912
Surgery Center Holdings 10.00% 2027 1,055,000 1,160,867
Swissport Financing S.a r.l. 5.25% 2024 777,000 929,084
T-Mobile US, Inc. 6.375% 2025 875,000 905,988
T-Mobile US, Inc. 6.50% 2026 900,000 966,654
TEGNA Inc. 5.00% 2029 850,000 865,938
TERRIER MEDIA BUYER INC 8.875% 2027 875,000 927,500
TPC Group Inc. 10.50% 08-01-24 2,913,000 2,940,921
Talen Energy Corp. 10.50% 2026 5,425,000 5,173,134
Talen Energy Corp. 6.50% 2025 575,000 492,398
Talen Energy Corp. 7.25% 2027 4,450,000 4,690,523
Tallgrass Energy Partners, LP 5.50% 2024 1,000,000 1,007,490
Tapstone Energy Inc. 9.75% 2022 555,000 6,938
Targa Resources Corp. 5.875% 2026 850,000 904,718
Targa Resources Partners LP 5.50% 2030 2,795,000 2,875,356
Targa Resources Partners LP 6.50% 2027 1,105,000 1,212,019
Targa Resources Partners LP 6.75% 2024 375,000 389,528
Targa Resources Partners LP 6.875% 2029 1,230,000 1,367,576
Team Health Holdings, Inc. 6.375% 2025 5,600,000 3,754,324
Team Health Holdings, Inc., Term Loan B, 4.549% 2024 84,782 68,991
Teekay Corp. 9.25% 2022 4,070,000 4,295,120
Teekay Offshore Partners LP 8.50% 2023 3,250,000 3,223,659
Tempo Acquisition LLC 6.75% 2025 1,625,000 1,681,859
Tenet Healthcare Corp. 4.625% 2024 2,892,000 2,966,715
Tenet Healthcare Corp. 4.875% 2026 9,600,000 10,067,040
Tenet Healthcare Corp. 5.125% 2027 1,225,000 1,295,438
Tenet Healthcare Corp. 8.125% 2022 4,600,000 5,096,938
Terrier Media Buyer (3-months USD LIBOR +4.0%) 5.894% 2026 875,000 884,844
Teva Pharmaceutical Finance Co. BV 2.20% 2021 406,000 393,930
Teva Pharmaceutical Finance Co. BV 2.80% 2023 6,891,000 6,405,770
Teva Pharmaceutical Finance Co. BV 3.15% 2026 3,335,000 2,784,808
Teva Pharmaceutical Finance Co. BV 6.00% 2024 8,192,000 8,307,384
Teva Pharmaceutical Finance Co. BV 6.75% 2028 2,050,000 2,084,973
Teva Pharmaceutical Finance Co. BV 7.125% 2025 2,735,000 2,815,094
Teva Pharmaceutical Finance Co. BV, Series C, convertible bonds, 0.25% 2026 1,375,000 1,310,280
The Dun & Bradstreet Corp. 10.25% 2027 5,303,000 6,108,261
TransDigm Inc. 5.50% 2027 1,025,000 1,038,407
TransDigm Inc. 6.25% 2026 1,250,000 1,355,605
Transocean Guardian Ltd. 5.875% 2024 983,450 1,008,026
Transocean Inc. 6.125% 2025 3,195,100 3,282,933
Transocean Inc. 8.375% 2021 1,900,000 1,953,010
Transocean Inc. 9.00% 2023 1,041,000 1,101,727
Transocean Poseidon Ltd. 6.875% 2027 655,000 695,822
Transocean Sentry Ltd. 5.375% 2023 1,500,000 1,529,985
TreeHouse Foods, Inc. 6.00% 2024 1,800,000 1,869,003
Trilogy International Partners, LLC 8.875% 2022 5,400,000 5,091,185
Trivium Packaging BV 5.50% 2026 1,504,000 1,587,659
Trivium Packaging BV 8.50% 2027 509,000 567,204
Tronox Ltd. 5.75% 2025 700,000 715,145
Tronox Ltd. 6.50% 2026 3,300,000 3,407,993
Twitter, Inc., 1.00% 2021 227,000 221,325
Twitter, Inc., 3.875% 2027 1,240,000 1,242,455
USA Compression Partners, LP 6.875% 2026 825,000 867,796
USA Compression Partners, LP 6.875% 2027 1,700,000 1,773,865
Uber Technologies, Inc. 7.50% 2023 600,000 628,494
Uber Technologies, Inc. 8.00% 2026 1,125,000 1,175,426
Ultra Petroleum Corp. 11.00% 2024 3,540,900 584,249
Unisys Corp. 10.75% 2022 6,600,000 7,113,559
United Continental Holdings, Inc. 6.00% 2020 400,000 413,760
United Rentals, Inc. 4.625% 2025 1,360,000 1,401,052
United Rentals, Inc. 5.25% 2030 1,050,000 1,132,058
United States Steel Corp. 6.875% 2025 650,000 608,215
Univar Solutions USA Inc. 5.125% 2027 900,000 941,067
Univision Communications Inc. 5.125% 2023 6,200,000 6,200,000
Univision Communications Inc. 5.125% 2025 3,650,000 3,618,063
Valaris PLC 5.75% 2044 2,920,000 1,324,030
Valaris PLC 7.75% 2026 2,225,000 1,262,632
Valeant Pharmaceuticals International, Inc. 5.875% 2023 3,570,000 3,603,469
Valeant Pharmaceuticals International, Inc. 6.125% 2025 12,430,000 12,868,965
Valeant Pharmaceuticals International, Inc. 8.50% 2027 850,000 969,553
Valeant Pharmaceuticals International, Inc. 9.00% 2025 1,815,000 2,068,556
Valeant Pharmaceuticals International, Inc. 9.25% 2026 4,670,000 5,372,602
Venator Materials Corp. 5.75% 2025 6,535,000 6,044,875
VeriSign, Inc. 4.625% 2023 650,000 661,755
VeriSign, Inc. 4.75% 2027 830,000 877,186
VeriSign, Inc. 5.25% 2025 200,000 220,879
Veritas Holdings Ltd. 10.50% 2024 525,000 487,155
Veritas Holdings Ltd. 7.50% 2023 3,530,000 3,531,465
Veritas US Inc., Term Loan B, (3-month USD-LIBOR + 4.50%) 6.299% 2023 1,391,316 1,344,939
Vertafore Inc., Term Loan, (3-month USD-LIBOR + 7.25%) 9.049% 2026 1,500,000 1,491,251
ViaSat, Inc. 5.625 2027 835,000 894,995
Vine Oil & Gas LP 8.75% 2023 2,450,000 1,208,463
Vine Oil & Gas LP 9.75% 2023 1,000,000 505,000
Viper Energy Parters LP. 5.375% 2027 1,000,000 1,041,850
Virgin Australia Holdings Ltd. 7.875% 2021 1,600,000 1,655,776
Vizient Inc. 6.25% 2027 240,000 257,484
WPX Energy Inc. 5.75% 2026 450,000 481,420
Warner Music Group 4.875% 2024 1,000,000 1,037,915
Warner Music Group 5.00% 2023 1,200,000 1,230,498
Warner Music Group 5.50% 2026 1,000,000 1,055,348
Warrior Met Coal, Inc. 8.00% 2024 1,260,000 1,279,688
Weatherford International PLC 11.00% 2024 6,660,000 7,217,775
WellCare Health Plans, Inc. 5.375% 2026 500,000 533,425
Wesco Aircraft Holdings, Inc. 8.50% 2024 1,470,000 1,524,515
Wesco Aircraft Holdings, Inc. 9.00% 2026 3,965,000 4,160,613
Whiting Petroleum Corp. 5.75% 2021 335,000 317,664
Whiting Petroleum Corp. 6.625% 2026 1,050,000 718,205
William Carter Co. 5.625% 2027 445,000 479,409
Wyndham Worldwide Corp. 5.375% 2026 1,000,000 1,057,323
Wynn Las Vegas, LLC and Wynn Capital Corp. 4.25% 2023 2,823,000 2,963,585
Wynn Las Vegas, LLC and Wynn Capital Corp. 5.25% 2027 975,000 1,037,156
Wynn Resorts LTD 5.125% 2029 1,207,000 1,298,279
Xerox Corp. 4.125% 2023 377,000 391,605
Zayo Group Holdings, Inc. 5.75% 2027 200,000 203,820
Zayo Group Holdings, Inc. 6.00% 2023 900,000 922,127
Zayo Group Holdings, Inc. 6.375% 2025 300,000 309,875
Zekelman Industries Inc. 9.875% 2023 328,000 345,015
Ziggo Bond Finance BV 5.50% 2027 3,400,000 3,618,790
goeasy Ltd. 5.375% 2024 1,725,000 1,760,216
iHeartCommunications, Inc. 5.25% 2027 3,993,000 4,185,263
iHeartCommunications, Inc. 6.375% 2026 828,032 899,966
iHeartCommunications, Inc. 8.375% 2027 1,407,059 1,557,403
Equity Securities* Shares or Principal Amount Market Value Percent of Net Assets
Adelphia Recovery Trust, Series ACC-1 449,306 225 0.00
Adelphia Recovery Trust, Series Arahova 388,601 1,477 0.00
Advanz Pharma Corp. 80,350 233,979 0.02
Advanz Pharma Corp. 29,584 86,149 0.01
Aqua America, Inc. 13,000 810,550 0.06
Ascent Resources - Utica, LLC, Class A 6,297,894 881,705 0.07
Associated Materials, LLC, 14.00% convertible preferred 2020 4,850 4,833,850 0.38
Associated Materials, LLC, warrants, expire 2023 68,899 0 0.00
Broadcom Inc., Series A, 8.00% cumulative convertible preferred 2022 450 530,087 0.04
Corporate Risk Holdings I, Inc. 218,504 25,631 0.00
DTE Energy Co., units, 6.25% convertible preferred 2022 10,263 526,081 0.04
Diebold Nixdorf, Inc. 32,000 337,920 0.03
Dominion Energy, Inc., Series A units, 7.25% convertible preferred 2022 8,600 920,114 0.07
Frontier Communications Corp. 13,333 11,861 0.00
Hexion Holdings Corp., Class B 74,701 900,147 0.07
McDermott International, Inc. 3,370 2,280 0.00
MoneyGram International, Inc. 145,000 304,500 0.02
Neiman Marcus Group, Inc. preferred shares 2,470,906 2,186,752 0.17
Rotech Healthcare Inc. 201,793 4,035,860 0.32
Sable Permian Resources, LLC, warrants, expires 2024 9,715 700,549 0.06
Southern Co., units, 6.75% convertible preferred 2022 11,000 592,900 0.05
Stanley Black & Decker, Inc., convertible preferred 5.25% 2022 6,000 653,760 0.05
Tribune Resources, Inc. 1,006,339 1,635,301 0.13
Tribune Resources, Inc., Class A, warrants, expire 2023 336,564 4,409 0.00
Tribune Resources, Inc., Class B, warrants, expire 2023 261,772 2,016 0.00
Tribune Resources, Inc., Class C, warrants, expire 2023 247,225 1,211 0.00
Ultra Petroleum Corp., warrants, expire 2025 80,710 2,825 0.00
Weatherford International 156,872 4,384,572 0.35
iHeartMedia, Inc., Class A 22,639 382,599 0.03

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

*
Excludes certain securities in initial period of acquisition.