Top
Arrow

(MINC) Newfleet Multi-Sector Income ETF

Overview

How MINC Works

The AdvisorShares Newfleet Multi-Sector Income ETF (NYSE Arca: MINC) seeks to provide current income consistent with preservation of capital, while limiting fluctuations in net asset value (“NAV”) due to changes in interest rates. MINC is managed by Newfleet Asset Management (“Portfolio Manager”), an investment subsidiary of Virtus Investment Partners. Newfleet believes that active fixed income sector rotation and quality security selection, combined with disciplined risk management, offers the best potential to achieve the Fund's investment objective of providing a high level of total return, including a competitive level of current income in the fixed income market.

Fund Documents

Portfolio Manager Commentaries

MINC Portfolio Statistics & Bond Sector Allocation

as of 06/26/2016
  MINC
Duration 2.01 years
Yield to Maturity 3.11%
30-Day SEC Subsidized Yield 2.73%
30-Day SEC Unsubsidized Yield 2.67%

Past Performance is not indicative of future results. MINC statistics and bond sector allocation are for the actual MINC security holdings as of the listed date, excluding cash. Duration is the change of a fixed income security that will result from a 1% change in interest rates, and is based on the yield to worst date. Yield to Maturity is the yield if the security is held until the maturity date. 30–Day SEC Yield (Standardized Yield) is an annualized yield that is calculated by dividing the investment income earned by the Fund less expenses over the most recent 30-day period by the current maximum offering price. The Subsidized Yield reflects fee waivers and/or expense reimbursements recorded by the Fund during the period. Without waivers and/or reimbursements, yields would be reduced. The Unsubsidized Yield does not adjust for any fee waivers and/ or expense reimbursements in effect. If the Fund does not incur any fee waivers and/or expense reimbursements during the period, the 30-Day Subsidized Yield and 30-Day Unsubsidized Yield will be identical.

MINC Bond Sector Allocation

MINC Credit Ratings

as of 06/26/2016
RatingHoldings
AAA26.38%
AA13.40%
A25.59%
BAA20.18%
BA10.61%
B2.38%
CAA0.11%
D0.06%
Not Rated0.99%

The ratings issued by Nationally Recognized Statistical Rating Organizations assess the credit worthiness of a corporation's or government debt issues. The ratings apply to the fund's holdings and not the fund itself. The higher of the ratings between Moody’s, Standard & Poor's and Fitch is used. If one of the three agencies does not have a rating, the higher of the other two ratings is used. If only one agency has rated the bond, the rating from that agency is used. If none of the three agencies have rated the bond the bond is placed in the Not Rated category.

The credit ratings are published rankings based on detailed financial analyses by a credit bureau specifically as it relates to the bond issue'rs ability to meet debt obligations. The highest rating is AAA, and the lowest is D. Securities with credit ratings of BBB and above are considered investment grade.

MINC in the News

The following reprints should not be construed as an offer to sell or a solicitation of an offer to buy shares of any other funds. They are provided for informational purposes for AdvisorShares only.

Performance -Month-End

MINC Performance History (%) as of 05/31/2016
 NAVMarket Price ReturnBarclays Capital Aggregate Bond Index
1 Month0.170.230.03
3 Months1.431.301.33
YTD1.771.703.45
1 Year1.491.562.99
3 Years1.961.842.91
Since Inception
(03/19/2013)
1.841.862.50

Performance -Quarter-End

MINC Performance History (%) as of 03/31/2016
 NAVMarket Price ReturnBarclays Capital Aggregate Bond Index
1 Month0.640.290.92
3 Months0.980.693.03
YTD0.980.693.03
1 Year1.140.891.96
3 Years1.731.612.50
Since Inception
(03/19/2013)
1.691.622.50

Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. Returns less than one year are not annualized.

The Barclays Capital Aggregate Bond Index measures the performance of the U.S. investment grade bond market. One cannot invest directly in an index.

Fund Distributions

Ex-DateRecord DatePay DateCash DivST Cap GainLT Cap GainReturn of CapitalTotal Distribution
07-25-16
07-27-16
07-29-16
-----
06-24-16
06-28-16
06-30-16
$0.1158$0.00$0.00$0.00$0.1158/per share
05-24-16
05-26-16
05-31-16
$0.1118$0.00$0.00$0.00$0.1118/per share
04-25-16
04-27-16
04-29-16
$0.1239$0.00$0.00$0.00$0.1239/per share
03-24-16
03-29-16
03-31-16
$0.1217$0.00$0.00$0.00$0.1217/per share
02-23-16
02-25-16
02-29-16
$0.1029$0.00$0.00$0.00$0.1029/per share
01-25-16
01-27-16
01-29-16
$0.0883$0.00$0.00$0.00$0.0883/per share
12-24-15
12-29-15
12-31-15
$0.1467$0.00$0.00$0.00$0.1467/per share
11-23-15
11-25-15
11-30-15
$0.1073$0.00$0.00$0.00$0.1073/per share
10-26-15
10-28-15
10-30-15
$0.1192$0.00$0.00$0.00$0.1192/per share
09-24-15
09-28-15
09-30-15
$0.1159$0.00$0.00$0.00$0.1159/per share
08-25-15
08-27-15
08-31-15
$0.1196$0.00$0.00$0.00$0.1196/per share
07-24-15
07-28-15
07-30-15
$0.0942$0.00$0.00$0.00$0.0942/per share
06-24-15
06-26-15
06-30-15
$0.1230$0.00$0.00$0.00$0.1230/per share
05-22-15
05-27-15
05-29-15
$0.1011$0.00$0.00$0.00$0.1011/per share
04-24-15
04-28-15
04-30-15
$0.1124$0.00$0.00$0.00$0.1124/per share
03-25-15
03-27-15
03-31-15
$0.1215$0.00$0.00$0.00$0.1215/per share
02-23-15
02-25-15
02-27-15
$0.1051$0.00$0.00$0.00$0.1051/per share
01-26-15
01-28-15
01-30-15
$0.0794$0.00$0.00$0.00$0.0794/per share
12-24-14
12-29-14
12-31-14
$0.164$0.00$0.00$0.00$0.164/per share
11-21-14
11-25-14
11-28-14
$0.095$0.00$0.00$0.00$0.095/per share
10-27-14
10-29-14
10-31-14
$0.128$0.00$0.00$0.00$0.128/per share
09-24-14
09-26-14
09-30-14
$0.114$0.00$0.00$0.00$0.114/per share
08-25-14
08-27-14
08-29-14
$0.115$0.00$0.00$0.00$0.115/per share
07-25-14
07-29-14
07-31-14
$0.114$0.00$0.00$0.00$0.114/per share
06-24-14
06-26-14
06-30-14
$0.123$0.00$0.00$0.00$0.123/per share
05-23-14
05-28-14
05-30-14
$0.097$0.00$0.00$0.00$0.097/per share
04-24-14
04-28-14
04-30-14
$0.113$0.00$0.00$0.00$0.113/per share
03-25-14
03-27-14
03-31-14
$0.111$0.00$0.00$0.00$0.111/per share
02-24-14
02-26-14
02-28-14
$0.126$0.00$0.00$0.00$0.126/per share
01-27-14
01-29-14
01-31-14
$0.095$0.00$0.00$0.00$0.095/per share
12-24-13
12-27-13
12-31-13
$0.132$0.00$0.00$0.00$0.132/per share
11-22-13
11-26-13
11-29-13
$0.109$0.00$0.00$0.00$0.109/per share
10-25-13
10-29-13
10-31-13
$0.121$0.00$0.00$0.00$0.121/per share
09-24-13
09-26-13
09-30-13
$0.106$0.00$0.00$0.00$0.106/per share
08-26-13
08-28-13
08-30-13
$0.114$0.00$0.00$0.00$0.114/per share
07-25-13
07-29-13
07-31-13
$0.109$0.00$0.00$0.00$0.109/per share
06-24-13
06-26-13
06-28-13
$0.108$0.00$0.00$0.00$0.108/per share
05-24-13
05-29-13
05-31-13
$0.093$0.00$0.00$0.00$0.093/per share
04-24-13
04-26-13
04-30-13
$0.051$0.00$0.00$0.00$0.051/per share
Bottom
Top

Why Invest in MINC

  • For Portfolio Diversification - Spreading your investment risk among bonds in all the material bond sectors, including bonds with different maturities and credit qualities can help diversify an overall portfolio.
  • For a Value-Oriented Approach to Fixed Income Investing - The portfolio manager believes that active bond sector rotation and quality security selection, combined with disciplined risk management, is the most effective means of achieving total returns in the fixed income market.
  • For Simplified Bond Investing - MINC is designed for any investor seeking one bond fund that includes all the major bond sectors.

Key Attributes

  1. Low Duration - MINC’s low average duration, targeted at between 1 and 3 years, may potentially make it less sensitive to interest rate changes than other bond ETFs with higher average durations.
  2. High Quality - MINC primarily invests in high quality investment-grade debt, which are securities with credit ratings within the 4 highest rating categories of nationally recognized bond rating organizations.
  3. Active Bond Sector Rotation - The Portfolio Manager actively seeks to strategically overweight undervalued bond sectors in an effort to add value to the portfolio.
  4. Risk Controls - The portfolio manager employs disciplined risk management controls with the following parameters: Below investment grade maximum: 20%; Non-U.S. maximum: 30%; Industry maximum: 25%.
  5. Professional Experience - The portfolio management team has over 70 years of combined investment experience. MINC is being carefully managed by seasoned investment professionals.

About the Portfolio Managers

David L. Albrycht, CFA. - President and Chief Investment Officer
David Albrycht is president and chief investment officer of Newfleet Asset Management, an investment management affiliate of Virtus Investment Partners. Prior to joining Newfleet in 2011, Mr. Albrycht was executive managing director and senior portfolio manager with Goodwin Capital Advisers, a former Virtus investment management subsidiary. He joined the Goodwin multi-sector fixed income team in 1985 as a credit analyst and has managed fixed income portfolios since 1991.

Mr. Albrycht earned a B.A., cum laude, from Central Connecticut State University and an M.B.A., with honors, from the University of Connecticut. He holds the Chartered Financial Analyst designation.

Jonathan R. Stanley, CFA. - Managing Director, Fixed Income Research
Jonathan Stanley is managing director, fixed income research at Newfleet Asset Management, an investment management affiliate of Virtus Investment Partners. Prior to joining Newfleet in 2011, Mr. Stanley was on the fixed income team at Goodwin Capital Advisers, an investment management company that previously was a subsidiary of Virtus. At Newfleet, he continues in the same role that he held at Goodwin Capital, serving as the sector manager for high yield credit. In addition, he is co-portfolio manager of the Virtus High Yield Fund.

Mr. Stanley earned a B.S. in accounting from Fairfield University and an M.B.A. from the University of Florida. He is a CFA (Chartered Financial Analyst) charter holder. He began working in the investment industry in 1997.

Christopher J. Kelleher, CFA, CPA. - Senior Managing Director and Senior Portfolio Manager
Christopher Kelleher is a managing director and senior portfolio manager at Newfleet Asset Management, an investment management affiliate of Virtus Investment Partners. Mr. Kelleher serves as co-portfolio manager of the Virtus Bond Fund, the Virtus Balanced Fund, and the Virtus Low Duration Income Fund, as well as the Virtus Total Return Fund (NYSE: DCA), a closed-end fund.

Mr. Kelleher earned a B.S. in accounting from the University of Connecticut and a M.S. in accounting from the University of Hartford. He holds the Chartered Financial Analyst designation and is a Certified Public Accountant and Certified Financial Planner. He began his career in the financial services industry in 1983.

Bottom

Morningstar Rating ™

10 Yr 5 Yr 3 Yr Overall Category # in Overall Category
N/A N/A Short-Term Bond 504
Overall Morningstar rating is derived from a weighted average of the fund's 3-, 5-, and 10- year (if applicable) risk-adjusted returns as of 05/31/2016. Category consists of 504 funds in 3 year, 413 in 5 year, and 287 in 10 year.

Price History

As of: 06/27/2016
NAV$48.78Closing Price$48.67
Change$0.02Change$-0.10
Shares Outstanding5,350,000Volume518
4PM Bid/Offer Midpoint$48.73Premium/Discount$-0.05
Assets Under Management$260,948,640.99
Premium/Discount Historical Data

 

Holdings

As of: 06/27/2016
Name Price Weight
BLACKROCK LIQ TEMP FD INSTL 24 1 3.38%
BANK OF AMERICA MMKT RESERVE 4238 1 3.01%
GSMS 2007-GG10 A1A FRN 8/10/2045 102.988 0.91%
JPMCC 2007-CB19 A4 FRN 2/12/2049 102.286 0.90%
JPMCC 2007-LD12 A4 FRN 2/15/2051 103.687 0.90%
JPMCC 2006-LDP9 A3 5.336 5/15/2047 100.924 0.86%
LBCMT 2007-C3 A4 FRN 7/15/2044 103.945 0.84%
NRZT 2014-3A AFX3 FRN 11/25/2054 105.111 0.71%
FN 890707 2.5 2/1/2031 103.526 0.67%
AMCAR 2016-1 B 2.3 3/8/2021 101.28 0.67%
GCCFC 2007-GG11 AM FRN 12/10/2049 103.521 0.61%
JPMMT 2016-1 A3 3.5 4/25/2045 103.649 0.59%
AESOP 2013-2A A 2.97 2/20/2020 102.735 0.58%
CGCMT 2007-C6 A1A FRN 12/10/2049 103.235 0.54%
WBCMT 2007-C31 AM FRN 4/15/2047 102.241 0.54%
LBUBS 2007-C2 A3 5.43 2/15/2040 101.467 0.51%
NRZT 2015-2A A1 FRN 8/25/2055 105.496 0.50%
WBCMT 2007-C32 A3 FRN 6/15/2049 102.725 0.50%
SLMA 2014-A A2A 2.59 1/15/2026 101.306 0.49%
UAL 2007 PASS TRUST 6.636 7/2/2022 105.125 0.48%
DRIVE 2015-AA C 3.06 5/17/2021 100.921 0.47%
DRIVE 2016-AA B 3.17 5/15/2020 101.629 0.47%
JPMMT 2015-4 1A4 FRN 6/25/2045 103.166 0.46%
NHEL 2004-4 M5 FRN 3/25/2035 97.5271 0.45%
HERTZ 2011-1A A2 3.29 3/25/2018 100.946 0.44%
AESOP 2013-1A A 1.92 9/20/2019 100.157 0.44%
JPMMT 2015-5 A2 FRN 5/25/2045 101.299 0.44%
CGCMT 2010-RR3 MLSR FRN 6/14/2050 101.696 0.43%
EART 2014-1A C 3.57 7/15/2019 100.802 0.43%
AVMT 2013-AVM A FRN 12/5/2032 108.412 0.42%
SDART 2016-1 C 3.09 4/15/2022 102.354 0.42%
CMLTI 2015-A A1 FRN 6/25/2058 103.475 0.42%
HERTZ 2015-2A A 2.02 9/25/2019 100.248 0.41%
SASC 2003-AL1 A 3.3565 4/25/2031 98.4539 0.41%
LBUBS 2007-C6 A4 FRN 7/15/2040 102.41 0.41%
VIRGIN AUST 2013-1A TRST 5 10/23/2023 103.375 0.41%
EART 2016-1A A 2.35 7/15/2020 100.226 0.41%
AMCAR 2012-4 D 2.68 10/9/2018 100.462 0.40%
US TREASURY N/B 1.375 1/31/2021 101.82 0.39%
BSCMS 2007-PW17 AM FRN 6/11/2050 102.763 0.39%
DRIVE 2015-DA C 3.38 11/15/2021 101.323 0.39%
HART 2015-C B 2.15 11/15/2021 100.984 0.39%
CCG 2015-1 A3 1.92 1/17/2023 100.476 0.39%
FN AS5927 3 10/1/2030 104.906 0.38%
CFCAT 2015-1A B 2.91 6/15/2021 99.2138 0.38%
TPMT 2015-5 A1B FRN 5/25/2055 101.611 0.38%
CD 2007-CD4 A4 5.322 12/11/2049 101.092 0.37%
JPMCC 2006-LDP9 AM 5.372 5/15/2047 99.7558 0.37%
BSCMS 2007-PW18 A4 5.7 6/11/2050 103.382 0.37%
BSARM 2004-10 15A1 2.927765 1/25/2035 99.6761 0.37%
BSARM 2004-10 21A1 FRN 1/25/2035 100.894 0.37%
DELTA AIR LINES 2012-1A 4.75 5/7/2020 106.375 0.36%
CSMC 2013-HYB1 A16 FRN 4/25/2043 100.376 0.36%
WBCMT 2007-C30 A5 5.342 12/15/2043 101.642 0.36%
AMERICA WEST AIR 2001-1 7.1 4/2/2021 107.125 0.35%
FCRT 2016-1 A2 2.87 10/15/2021 99.7548 0.35%
CD 2007-CD4 AMFX FRN 12/11/2049 101.77 0.35%
MSC 2008-T29 AM FRN 1/11/2043 105.828 0.35%
WIN 2016-1 1A5 FRN 1/20/2046 102.451 0.35%
SASC 2002-AL1 A3 3.45 2/25/2032 99.2196 0.35%
GSMS 2007-GG10 A4 FRN 8/10/2045 102.987 0.34%
JPMCC 2006-LDP7 AM FRN 4/17/2045 99.8904 0.34%
EART 2014-2A C 3.26 12/16/2019 100.717 0.34%
WBCMT 2007-C30 AM 5.383 12/15/2043 101.78 0.34%
AT&T INC 2.8 2/17/2021 102.725 0.33%
CSMLT 2015-1 A9 FRN 5/25/2045 103.318 0.33%
JPMCC 2011-C4 A3 4.1063 7/15/2046 104.764 0.32%
UHAUL 2010-BT1A 1 4.899 10/25/2023 101.588 0.32%
MSC 2007-IQ14 A4 FRN 4/15/2049 101.923 0.31%
MLMI 2004-A4 A1 FRN 8/25/2034 101.348 0.31%
TCFAT 2014-1A B 2.33 5/15/2020 99.5218 0.31%
SDART 2013-1 D 2.27 1/15/2019 100.363 0.30%
COLT 2016-1 A1 3 5/25/2046 100.723 0.30%
WLAKE 2016-2A C 2.83 5/17/2021 100.498 0.30%
SBA TOWER TRUST 2.877 7/15/2021 100 0.30%
MVCOT 2012-1A A 2.51 5/20/2030 100.738 0.30%
SARM 2004-4 3A2 FRN 4/25/2034 99.2598 0.29%
FCAT 2016-1 A 2.77 12/15/2020 100.852 0.29%
AMCAR 2014-1 D 2.54 6/8/2020 100.953 0.29%
SDART 2016-2 B 2.08 2/16/2021 100.492 0.29%
HGVT 2013-A A 2.28 1/25/2026 100.218 0.29%
COLNY 2014-1 A 2.5432 4/20/2050 100.041 0.29%
DROT 2014-1 A 2.54 5/20/2027 100.353 0.28%
AMCAR 2015-4 C 2.88 7/8/2021 102.172 0.28%
SBA TOWER TRUST 2.933 12/15/2017 100.244 0.28%
DBUBS 2011-LC3A A2 3.642 8/10/2044 99.9778 0.28%
UACST 2016-1 B 2.73 5/15/2018 100.119 0.28%
JPMMT 2015-1 AM1 FRN 12/25/2044 99.8682 0.28%
CARMX 2015-4 B 2.16 8/16/2021 100.674 0.28%
ALIBABA GROUP HOLDING 2.5 11/28/2019 101.095 0.27%
CARMX 2014-4 B 2.2 9/15/2020 100.913 0.27%
DTAOT 2016-1A B 2.79 5/15/2020 100.467 0.27%
LBUBS 2007-C7 A3 FRN 9/15/2045 104.704 0.26%
MSC 2007-IQ16 A4 5.809 12/12/2049 103.886 0.26%
NRZT 2014-1A A FRN 1/25/2054 104.334 0.26%
ACAR 2016-1A B 4.24 6/13/2022 103.367 0.26%
GOLDMAN SACHS GROUP INC 5.625 1/15/2017 102.522 0.26%
FN AZ4794 3 10/1/2030 104.906 0.26%
HOSTESS BRANDS 7/15 COV 08/03/22 TERM LOAN 99.9065 0.26%
DYNEG 06/15/23 Term Loan 98.7815 0.26%
CCART 2014-BA D 3.44 8/16/2021 99.5938 0.26%
SEMT 2014-3 A9 FRN 10/25/2044 104.214 0.26%
FORD MOTOR CREDIT CO LLC 3.2 1/15/2021 103.171 0.26%
REYNOLDS GRP ISS/REYNOLD FRN 7/15/2021 99.75 0.26%
AMCAR 2015-3 C 2.73 3/8/2021 101.766 0.26%
SUNOCO LP/FINANCE CORP 6.375 4/1/2023 99.625 0.25%
BANK OF NY MELLON CORP 2.05 5/3/2021 101.571 0.25%
JPMMT 2014-1 2A2 FRN 1/25/2044 103.377 0.25%
DTAOT 2015-3A C 3.25 7/15/2021 100.532 0.25%
JPMMT 2005-A2 4A1 FRN 4/25/2035 98.2139 0.25%
SNAAC 2014-1A C 2.21 1/15/2020 100.177 0.25%
CRART 2015-3 B 2.7 9/15/2021 101.503 0.25%
PETROLEOS MEXICANOS 4.875 1/24/2022 101.25 0.25%
AFIN 2015-2 C 2.67 8/20/2020 100.237 0.25%
DTAOT 2016-3A C 3.15 3/15/2022 99.9848 0.25%
CRART 2014-3 A4 1.79 3/16/2020 100.66 0.25%
MOTEL 2015-MTL6 D 4.531573 2/5/2030 99.3611 0.25%
GUANAY FINANCE LTD 6 12/15/2020 99.5 0.25%
WBCMT 2007-C31 A4 5.509 4/15/2047 101.499 0.25%
AFIN 2013-4 C 2.67 2/20/2019 101.081 0.25%
CCART 2015-BA D 4.17 1/16/2023 101.044 0.25%
CPF 2012-2A 1 2.61 8/20/2021 99.0729 0.25%
HSBC HOLDINGS PLC 2.95 5/25/2021 100.11 0.25%
MSRM 2014-1A A1 FRN 6/25/2044 101.66 0.24%
BSARM 2004-9 22A1 3.25359 11/25/2034 96.7735 0.24%
PULTEGROUP INC 4.25 3/1/2021 102.25 0.24%
DTAOT 2016-2A C 3.67 1/17/2022 101.429 0.24%
BSCMS 2007-PW17 A4 FRN 6/11/2050 103.517 0.24%
DELOS AIRCRAF 03/06/21 TERM LOAN 99.7375 0.24%
QVC INC 3.125 4/1/2019 102.701 0.24%
GSR 2004-7 3A1 FRN 6/25/2034 97.0301 0.24%
CARMX 2015-2 C 2.39 3/15/2021 100.994 0.24%
SEMT 2014-4 A6 FRN 11/25/2044 103.166 0.24%
AMHPT 1996-1 B1 FRN 3/15/2027 104.189 0.24%
HCA 03/17/23 TERM LOAN 100.312 0.24%
ALLY FINANCIAL INC 4.25 4/15/2021 98 0.23%
LRF 2015-1 D 3.74 5/17/2021 99.4226 0.23%
CARRIZO OIL & GAS INC 6.25 4/15/2023 95.5 0.23%
Charter Comm Operating 07/01/20 Term Loan 99.143 0.23%
SDART 2014-3 C 2.13 8/17/2020 100.96 0.23%
OWENS-BROCKWAY GLASS CONTAINE 09/01/22 TERM LOAN 100.084 0.23%
ACER 2015-1A B 2.26 6/10/2021 100.391 0.23%
SASC 2004-4XS A3A 5.5 2/25/2034 102.993 0.23%
SDART 2013-3 C 1.81 4/15/2019 100.282 0.23%
HNGRY 2013-1A A2 4.474 3/20/2043 100.291 0.23%
DELTA AIR LINES 2010-2A 4.95 5/23/2019 105.625 0.23%
OMFIT 2014-1A A 2.43 6/18/2024 100.165 0.23%
EART 2015-2A C 3.9 3/15/2021 98.3679 0.23%
FIRST DATA 1/14 03/24/2021 TERM LOAN 99.475 0.23%
Nortek 10/30/20 Term Loan 99.375 0.22%
BSARM 2004-1 21A1 FRN 4/25/2034 99.2687 0.22%
TRI POINTE GROUP / HOMES 4.375 6/15/2019 101 0.22%
KINDER MORGAN INC/DELAWA 5.625 11/15/2023 106.171 0.22%
CARMX 2016-2 B 2.16 12/15/2021 100.518 0.22%
AMCAR 2013-2 D 2.42 5/8/2019 100.367 0.22%
BOAA 2003-10 2A1 6 12/25/2033 102.092 0.22%
EXELON CORP 2.85 6/15/2020 103.346 0.22%
TPMT 2015-3 A1B FRN 3/25/2054 102.41 0.22%
DTAOT 2014-3A C 3.04 9/15/2020 100.264 0.22%
FIRST HORIZON NATIONAL 3.5 12/15/2020 101.857 0.21%
FG G07961 3.5 3/1/2045 106.291 0.21%
WEA FINANCE LLC/WESTFIEL 3.25 10/5/2020 104.143 0.21%
BANK OF NY MELLON CORP FRN PERPETUAL 12/29/2049 100 0.21%
ABBVIE INC 2.5 5/14/2020 102.28 0.21%
CGCMT 2008-C7 AM FRN 12/10/2049 104.149 0.21%
TRANSOCEAN INC 6.8 12/15/2016 101.125 0.21%
CMLBC 2001-CMLB A3 FRN 6/20/2031 119.585 0.21%
DELPHI AUTOMOTIVE PLC 3.15 11/19/2020 103.103 0.21%
CMLTI 2014-A A FRN 1/25/2035 103.026 0.21%
DRB 2015-D A3 2.5 1/25/2036 100.74 0.21%
FORD MOTOR CREDIT CO LLC 8.125 1/15/2020 119.208 0.21%
MARRIOTT INTERNATIONAL 3.125 10/15/2021 104.174 0.21%
HILT 2013-HLT EFX FRN 11/5/2030 100.717 0.21%
TRANSDIGM 5/14 COV 06/04/21 TERM LOAN 98.991 0.21%
WEN 2015-1A A2II 4.08 6/15/2045 101.322 0.21%
JPMCC 2015-SGP B FRN 7/15/2036 99.7762 0.20%
CWL 2004-S1 A3 5.115 2/25/2035 101.866 0.20%
ENCANA CORP 3.9 11/15/2021 95.95 0.20%
SOFI 2014-B A2 2.55 8/27/2029 100.711 0.20%
FHR 4011 J 4 12/15/2041 106.653 0.20%
PetSmart 5/15 Cov 03/11/22 Term Loan 99.275 0.20%
MASCO CORP 3.5 4/1/2021 101.5 0.20%
AIR LEASE CORP 2.625 9/4/2018 100.159 0.20%
WLAKE 2014-1A C 1.7 11/15/2019 99.91 0.20%
SELECT INCOME REIT 4.15 2/1/2022 100.718 0.20%
CHS/Community Health Systems 01/27/21 Term Loan 97.25 0.20%
CMLTI 2015-PS1 A1 FRN 9/25/2042 103.126 0.20%
STATE GRID OVERSEAS INV 2.75 5/7/2019 102.807 0.20%
MVWOT 2015-1A B 2.96 12/20/2032 100.117 0.20%
LINCOLN NATIONAL CORP 4.2 3/15/2022 107.83 0.20%
FCRT 2014-1 B 3.56 11/22/2021 101.2 0.19%
CRART 2014-2 B 2.34 4/15/2020 100.671 0.19%
AESOP 2012-3A A 2.1 3/20/2019 100.567 0.19%
AMCAR 2014-2 C 2.18 6/8/2020 100.537 0.19%
HART 2015-A D 2.73 6/15/2021 100.507 0.19%
EART 2013-1A C 3.52 2/15/2019 100.458 0.19%
WLKRG 2015-AA A 2.79 6/16/2031 99.4643 0.19%
MEG Energy 2/13 Cov 03/31/20 Term Loan 87.8335 0.19%
SLMA 2013-B A2A 1.85 6/17/2030 100.003 0.19%
WLAKE 2015-1A C 2.29 11/16/2020 99.885 0.19%
TMCAT 2014-AA C 2.56 8/15/2019 99.6065 0.19%
DUPONT FABROS TECH LP 5.875 9/15/2021 104.5 0.19%
EART 2015-1A C 4.1 12/15/2020 99.2258 0.19%
MASTR 2003-5 4A5 5.5 6/25/2033 100.736 0.19%
BACM 2007-4 AM FRN 2/10/2051 104.275 0.19%
IND & COMM BK CHINA/NY 3.231 11/13/2019 104.151 0.19%
ADT CORP 6.25 10/15/2021 105.25 0.19%
AMERICAN AIRLINE 04/29/23 Term Loan 98.775 0.19%
Aramark 2/14 02/24/21 Term Loan 99.8 0.19%
Realogy 03/05/20 Term Loan 99.7085 0.19%
BACM 2007-2 A4 FRN 4/10/2049 100.86 0.19%
NGL ENRGY PART LP/FIN CO 5.125 7/15/2019 91 0.19%
WESTR 2016-1A A 3.5 12/20/2028 99.5379 0.19%
CSMC 2007-C1 A1A 5.361 2/15/2040 101.326 0.18%
SDART 2013-5 D 2.73 10/15/2019 101.249 0.18%
CFCAT 2014-2A B 2.64 11/16/2020 100.087 0.18%
WFMBS 2004-U A1 FRN 10/25/2034 99.4771 0.18%
CEQUEL/SUDDENLINK 12/14/22 TERM LOAN 99.725 0.18%
SANTANDER HOLDINGS USA 2.65 4/17/2020 100.246 0.18%
SOFI 2016-A A2 2.76 12/26/2036 101.658 0.18%
TPMT 2016-1 A1B FRN 2/25/2055 101.703 0.18%
BAYV 2007-A 1A2 6.205 5/28/2037 104.635 0.18%
CORPORATE OFFICE PROP LP 3.7 6/15/2021 101.534 0.18%
CORRECTIONS CORP OF AMER 5 10/15/2022 103.75 0.18%
AXIS BANK/DUBAI 3.25 5/21/2020 102.254 0.18%
JPMCC 2007-LDPX AM FRN 1/15/2049 98.4898 0.18%
GMACM 2004-AR1 12A 3.433153 6/25/2034 101.607 0.18%
AIR CANADA 2013-1B PTT 5.375 5/15/2021 100.875 0.18%
CXHE 2004-D AF5 5.35 9/25/2034 103.97 0.17%
WYNDHAM WORLDWIDE CORP 2.5 3/1/2018 100.915 0.17%
ALBERTSON 08/25/21 Term Loan 99.75 0.17%
REGENCY ENERGY PART/FINA 5 10/1/2022 101.703 0.17%
ONGLT 2015-AA A 2.88 9/8/2027 100.252 0.17%
DELL INTERNATIONA 06/02/23 TERM LOAN 99.354 0.17%
MASCO CORP 5.95 3/15/2022 111.75 0.17%
CHAI 2015-PM3 A 2.56 5/16/2022 99.9543 0.17%
CALPINE 5/ 05/27/22 TERM LOAN 99.104 0.17%
BXGNT 2015-A A 2.88 5/2/2030 101.949 0.17%
CONTL AIRLINES 2000-1 8.048 11/1/2020 109.505 0.17%
HP ENTERPRISE CO 2.45 10/5/2017 101.266 0.17%
DIGITAL REALTY TRUST LP 3.4 10/1/2020 104.142 0.17%
CAFL 2015-1 A 2.896 10/15/2047 101.826 0.17%
AVIATION CAPITAL GROUP 3.875 9/27/2016 100.472 0.17%
SBA TOWER TRUST 3.156 10/15/2020 101.5 0.17%
KOREA DEVELOPMENT BANK 4.625 11/16/2021 114.934 0.17%
SARM 2004-1 6A FRN 2/25/2034 97.5563 0.16%
JMAC 2014-R1 1A1 4 12/27/2037 100.27 0.16%
OMAN GOV INTERNTL BOND 3.625 6/15/2021 100.3 0.16%
HART 2014-B D 2.51 12/15/2020 100.117 0.16%
CORP ANDINA DE FOMENTO 2 5/10/2019 100.875 0.16%
AWAS Aviation 07/16/18 Term Loan 99.9585 0.16%
KRONOS 10/30/19 TERM LOAN 99.325 0.16%
CCG 2014-1 B 2.15 11/15/2021 100.203 0.16%
SASC 2003-33H 1A1 5.5 10/25/2033 102.389 0.16%
SENIOR HOUSING PROPERTIE 3.25 5/1/2019 100.479 0.16%
AFIN 2013-1 C 1.74 10/22/2018 100.174 0.16%
CFCAT 2014-1A D 4.9 4/15/2020 99.6742 0.16%
CENTENE CORP 4.75 5/15/2022 101.5 0.16%
SVLF 2014-A A 2.81 1/15/2027 99.8382 0.16%
TIAA ASSET MGMT FIN LLC 2.95 11/1/2019 102.537 0.16%
AERCAP IRELAND CAP LTD/A 4.5 5/15/2021 100.875 0.16%
CONTL AIRLINES 2001-1 6.703 6/15/2021 104.625 0.16%
TEXTRON INC 4.625 9/21/2016 100.603 0.15%
CNART 2014-1A D 4.16 11/15/2018 100.131 0.15%
GLDKR 2014-A A 3.22 3/17/2031 99.4269 0.15%
CROWN CASTLE INTL CORP 4.875 4/15/2022 110 0.15%
MOTEL 2015-MTL6 B 3.298311 2/5/2030 101.266 0.15%
CSMC 2010-RR7 1A FRN 8/12/2048 100.469 0.15%
NRG ENERG 06/14/23 TERM LOAN 99.469 0.15%
WFMBS 2004-K 1A2 3.107219 7/25/2034 99.9553 0.15%
NEWELL BRANDS INC 2.6 3/29/2019 102.755 0.15%
JPMORGAN CHASE & CO 2.25 1/23/2020 101.335 0.15%
MALT 2004-4 6A1 5.5 4/25/2034 103.858 0.15%
REPUBLIC OF ARGENTINA 6.875 4/22/2021 104.95 0.15%
T-MOBIL 11/09/22 TERM LOAN 100.083 0.15%
SABRA HEALTH/CAPTL CORP 5.5 2/1/2021 103.01 0.15%
ABBVIE INC 2.3 5/14/2021 101.596 0.15%
NRG Energy 07/01/18 Term Loan 99.2375 0.15%
REPUBLIC OF ARGENTINA 6.25 4/22/2019 103.8 0.15%
HILTON WORLDWIDE HLG 10/26/20 TERM LOAN 99.8465 0.14%
WEST CORP 4.75 7/15/2021 98.75 0.14%
MGM GROWTH PROPERTIES 4/25/23 TERM LOAN 99.781 0.14%
HD SUPPLY INC 5.25 12/15/2021 103.375 0.14%
NRZT 2016-1A A1 FRN 3/25/2056 105.242 0.14%
BOAMS 2004-7 6A3 4.5 8/25/2019 99.7586 0.14%
ABMT 2016-2 A3 FRN 3/25/2046 103.307 0.14%
CHASE 2016-1 M2 FRN 4/25/2045 102.045 0.14%
CDS U.S. INTERMEDIATE HOLDINGS 07/08/22 TERM LOAN 97.7815 0.14%
Aramark 2/14 09/07/19 Term Loan 99.8755 0.14%
CENTURYLINK INC 7.5 4/1/2024 98.199 0.14%
GENERAL MOTORS FINL CO 2.4 4/10/2018 100.779 0.14%
SDART 2012-6 D 2.52 9/17/2018 100.493 0.13%
VOLT 2015-NPL2 A1 FRN 2/25/2055 99.2954 0.13%
LRF 2013-1 D 5.11 9/15/2021 100.472 0.13%
JPMMT 2014-1 1A1 FRN 1/25/2044 106.079 0.13%
MDST 6 A4 7.79 7/1/2035 106.242 0.13%
DDR CORP 7.875 9/1/2020 121.048 0.13%
FIFTH THIRD BANCORP 4.5 6/1/2018 105.538 0.13%
MASD 2005-3 A2 5.704 11/25/2035 101.592 0.13%
ZIONS BANCORP 4.5 3/27/2017 101.359 0.13%
APPLE INC 2.25 2/23/2021 102.787 0.13%
HP ENTERPRISE CO 2.85 10/5/2018 102.335 0.13%
NRZT 2014-2A A3 FRN 5/25/2054 104.495 0.13%
BSARM 2004-10 12A3 FRN 1/25/2035 91.7895 0.13%
CENTENE CORP 5.625 2/15/2021 103 0.13%
Virgin Media 5/15 06/30/23 Term Loan 97.4465 0.13%
VENTAS REALTY LP/CAP CRP 4 4/30/2019 105.424 0.13%
OMFIT 2015-2A A 2.57 7/18/2025 100.343 0.12%
MPLX LP 5.5 2/15/2023 101.815 0.12%
FIDELITY NATIONAL INFORM 3.625 10/15/2020 106.046 0.12%
CRMSI 2006-1 A4 5.59248 7/25/2036 102.713 0.12%
SARM 2004-5 3A2 FRN 5/25/2034 101.247 0.12%
CMLTI 2004-UST1 A3 FRN 8/25/2034 99.9828 0.12%
LENNAR CORP 4.5 11/15/2019 104 0.12%
STATE STREET CORP 4.956 3/15/2018 105.104 0.12%
VOLT 2015-NPL3 A1 FRN 10/25/2058 99.2116 0.12%
RALI 2003-QS17 CB5 5.5 9/25/2033 101.769 0.12%
JPMMT 2004-A3 1A1 FRN 7/25/2034 99.2037 0.12%
Aristocrat Leisure 10/20/21 Term Loan 100.271 0.12%
STATION CASINOS LLC 06/08/2023 98.7505 0.12%
SASC 2003-34A 6A FRN 11/25/2033 98.4742 0.12%
LIBBEY 04/09/21 TERM LOAN 99.375 0.12%
DRUGB 2014-1 A2 3.484 7/15/2023 98.7708 0.12%
NXP BV/NXP FUNDING LLC 4.125 6/1/2021 100.813 0.12%
Royalty Pharma 11/09/20 Term Loan 99.8125 0.12%
ZIMMER BIOMET HOLDINGS 3.15 4/1/2022 102.319 0.12%
SOFI 2015-A A2 2.42 3/25/2030 100.355 0.12%
HILTON WORLDWIDE HLG 10/26/20 TERM LOAN 99.8465 0.12%
JPMMT 2006-A2 4A1 FRN 8/25/2034 100.491 0.11%
DTAOT 2014-1A C 2.64 10/15/2019 100.25 0.11%
LAZARD GROUP LLC 4.25 11/14/2020 107.199 0.11%
CONTL AIRLINES 1999-1 6.545 2/2/2019 105.935 0.11%
PRUDENTIAL FINANCIAL INC FRN 3/15/2044 97.75 0.11%
JPMORGAN CHASE & CO 6.125 6/27/2017 104.518 0.11%
BRITISH AIR 13-1 B PTT 5.625 6/20/2020 104.25 0.11%
JEFFERIES GROUP LLC 5.125 4/13/2018 104.803 0.11%
BSCMS 2006-PW14 AM 5.243 12/11/2038 100.803 0.11%
LEVEL 3 FINANCE TLB-5 L+275 05/31/22 Term Loan 99.05 0.11%
NATL RETAIL PROPERTIES 5.5 7/15/2021 114.639 0.11%
SASC 2003-37A 2A FRN 12/25/2033 99.4676 0.11%
VOYA FINANCIAL INC 2.9 2/15/2018 101.921 0.11%
DIGITAL REALTY TRUST LP 3.95 7/1/2022 105.019 0.11%
GENERAL MOTORS FINL CO 3.7 5/9/2023 100.938 0.11%
FREEPORT-MCMORAN INC 3.875 3/15/2023 84 0.11%
T-MOBILE USA INC 6.464 4/28/2019 102.062 0.11%
MAJAPAHIT HOLDING BV 7.75 1/20/2020 114 0.11%
TRMF 2011-1A A1A 4.37 7/15/2041 103.211 0.11%
SPECTRUM BRANDS 6/15 (USD) COV 06/23/22 TERM LOAN 100.013 0.11%
SLMA 2013-C A2A 2.94 10/15/2031 102.516 0.11%
NATCM 2008-1 2A1 6 3/25/2038 104.39 0.11%
VALE OVERSEAS LIMITED 5.875 6/10/2021 98 0.10%
ALLY FINANCIAL INC 4.125 3/30/2020 98.95 0.10%
WAMU 2003-AR6 A1 2.6032 6/25/2033 99.7017 0.10%
BOYD GAMING 8/13 COV 08/07/20 TERM LOAN 99.8195 0.10%
WILLIS NORTH AMERICA INC 6.2 3/28/2017 103.338 0.10%
TENENT HEALTHCARE CORP FRN 06/15/2020 99 0.10%
TPMT 2015-5 A2 FRN 5/25/2055 102.501 0.10%
FIRST DATA CORPORATION 5 1/15/2024 98 0.10%
ABFC 2005-AQ1 A6 4.78 6/25/2035 103.112 0.10%
BOAMS 2004-5 4A1 4.75 6/25/2019 100.1 0.10%
GT 1995-5 B1 FRN 9/15/2026 102.403 0.10%
FIRST TENNESSEE BANK 2.95 12/1/2019 100.918 0.10%
STACR 2016-DNA2 M2 FRN 10/25/2028 100.878 0.10%
MGM GROWTH PROPERTIES 4/25/23 TERM LOAN 99.781 0.10%
HGVT 2014-AA A 1.77 11/25/2026 98.5392 0.10%
FNR 2012-10 PA 4 11/25/2041 103.641 0.10%
NRZT 2016-2A A1 FRN 11/25/2035 104.003 0.10%
AMERIGAS FINANCE LLC/COR 7 5/20/2022 105.875 0.10%
AMR 10/10/21 TERM LOAN 98.875 0.10%
Valeant 9/13 Seri 02/13/19 Term Loan 97.125 0.10%
SANTANDER HOLDINGS USA 2.7 5/24/2019 100.283 0.09%
ON SEMICOND 03/31/23 TERM LOAN 100.25 0.09%
BAYC 2008-1 A3 FRN 1/25/2038 97.4033 0.09%
UNIVISION COMMUNICATIONS 03/01/20 TERM LOAN 98.9375 0.09%
CRMSI 2007-2 A6 5.43779 6/25/2037 103.612 0.09%
TRMF 2014-1A A1 2.863 4/15/2044 99.2421 0.09%
RANGE RESOURCES CORP 5 8/15/2022 91.5 0.09%
BANK OF AMERICA CORP 2 1/11/2018 100.572 0.09%
MALT 2005-2 2A1 6 1/25/2035 103.764 0.09%
MSC 2006-IQ12 A4 5.332 12/15/2043 100.299 0.09%
PENSKE TRUCK LEASING/PTL 3.375 2/1/2022 102.506 0.09%
COMMUNITY HEALTH 12/31/18 99 0.09%
HUNTINGTON BANCSHARES 7 12/15/2020 117.49 0.09%
HUNTSMAN INTERNAT 04/01/23 TERM LOAN 100.172 0.09%
Air Canada 09/26/19 Term Loan 100.083 0.09%
DTAOT 2014-2A C 2.46 1/15/2020 100.048 0.09%
BOMBARDIER INC 4.75 4/15/2019 95.5 0.09%
RFMS2 2003-HS2 AIIB FRN 6/25/2028 96.6915 0.09%
WFMBS 2004-A A1 2.834407 2/25/2034 100.769 0.09%
ANCHOR GLASS 6/15 COV 07/01/22 TERM LOAN 99.9065 0.09%
MSC 2007-IQ14 AM FRN 4/15/2049 99.9593 0.09%
TEAM H 11/23/22 Term Loan 100.208 0.09%
AT&T INC 3.875 8/15/2021 107.439 0.09%
MCGRAW 05/04/22 TERM LOAN 99.75 0.09%
LEVEL 3 FINANACIN 01/15/20 TERM LOAN 99.719 0.09%
VOLT 2015-NPL4 A1 FRN 2/25/2055 99.7182 0.09%
Blue Coat Systems 5/15 Cov 05/20/22 Term Loan 99.938 0.08%
ARES CAPITAL CORP 3.875 1/15/2020 103.605 0.08%
SASC 2004-15 3A3 5.5 9/25/2034 100.918 0.08%
JPMMT 2014-2 2A2 FRN 6/25/2029 103.905 0.08%
BANK OF AMERICA CORP 5.65 5/1/2018 107.104 0.08%
IRWHE 2003-A M1 FRN 10/25/2027 99.3057 0.08%
CFCAT 2013-2A B 3.15 8/15/2019 100.354 0.08%
BAFC 2005-1 1A1 5.5 2/25/2035 100.347 0.08%
BSCMS 2007-PW15 AMFX 5.363 2/11/2044 94.1883 0.08%
FOREST LABORATORIES LLC 4.375 2/1/2019 105.572 0.08%
AT&T INC 3 6/30/2022 102.447 0.08%
MASTR 2005-1 1A1 5 5/25/2020 100.657 0.08%
PROVINCIA DE BUENOS AIRE 5.75 6/15/2019 100.875 0.08%
Emdeon 11/02/18 Term Loan 99.9375 0.08%
HANESBRANDS INC 4.625 5/15/2024 99 0.08%
HCA INC 6.5 2/15/2020 109.625 0.08%
HERTZ 2016-1A A 2.32 3/25/2020 100.872 0.08%
ANTERO RESOURCES CORP 5.625 6/1/2023 96 0.08%
GAHR 2015-NRF CFX FRN 12/15/2034 100.333 0.08%
CFCAT 2014-1A B 2.72 4/15/2020 100.121 0.08%
UNIVERSAL HEALTH SVCS 4.75 8/1/2022 101.25 0.08%
PENSKE TRUCK LEASING/PTL 2.5 6/15/2019 100.436 0.08%
CMLTI 2003-UP3 A2 7 9/25/2033 104.048 0.07%
AVIATION CAPITAL GROUP 2.875 9/17/2018 99.125 0.07%
KRAFT HEINZ FOODS CO 2.8 7/2/2020 103.784 0.07%
LEIDOS/ABACUS INNOV 06/09/2023 TERM LOAN 100.083 0.07%
Ineos 6/15 12/15/20 Term Loan 98.0625 0.07%
BXGNT 2013-A A 3.01 12/4/2028 100.367 0.07%
ANCHOR GLASS 6/15 COV 07/01/22 TERM LOAN 99.9065 0.07%
NXP 12/07/20 TERM LOAN 100.125 0.07%
CONTL AIRLINES 1999-2 6.236 3/15/2020 106 0.07%
WFMBS 2003-J 5A1 2.621254 10/25/2033 100.746 0.07%
SOFI 2014-A A2 3.02 10/25/2027 102.283 0.07%
ANCHOR GLASS 6/15 COV 07/01/22 TERM LOAN 99.9065 0.07%
MORGAN STANLEY 2.125 4/25/2018 100.85 0.07%
COTY/GAL 01/26/23 TERM LOAN 100.141 0.07%
TOLL BROS FINANCE CORP 4 12/31/2018 103.375 0.07%
WFMBS 2003-J 2A1 2.636116 10/25/2033 100.448 0.07%
SPRINGLEAF FINANCE CORP 5.25 12/15/2019 93.125 0.07%
CSFB 2004-AR8 6A1 FRN 9/25/2034 98.9763 0.07%
BAFC 2004-A 5A1 2.870992 7/20/2034 99.189 0.07%
PolyOne 6/16 Cov 11/11/22 Term Loan 99.813 0.07%
FRONTIER COMMUNICATIONS 6.25 9/15/2021 93.5 0.07%
QUINTILES TRANSNATIONAL 4.875 5/15/2023 101.25 0.07%
MYLAN NV 3.15 6/15/2021 101.227 0.07%
WFMBS 2004-Z 2A1 2.851335 12/25/2034 99.6788 0.06%
MSC 2008-T29 A4 FRN 1/11/2043 105.76 0.06%
WAMMS 2003-AR4 2A1 2.3301 8/25/2033 98.4234 0.06%
AERCAP IRELAND CAP LTD/A 4.25 7/1/2020 100.75 0.06%
VOLT 2014-NPL9 A1 FRN 11/25/2054 99.5836 0.06%
CWALT 2004-22CB 1A1 6 10/25/2034 107.529 0.06%
CDS U.S. INTERMEDIATE HOLDINGS 07/08/22 TERM LOAN 97.7815 0.06%
TENET HEALTHCARE CORP 6.25 11/1/2018 105 0.06%
GSAA 2005-1 AF4 5.619 11/25/2034 103.7 0.06%
SRFC 2014-1A A 2.07 3/20/2030 99.8222 0.06%
DUN & BRADSTREET CORP 4 6/15/2020 104.037 0.06%
HEALTHCARE TRUST OF AMER 3.375 7/15/2021 102.862 0.06%
DUN & BRADSTREET CORP 3.25 12/1/2017 100.768 0.06%
JPMMT 2004-A4 2A1 FRN 9/25/2034 101.153 0.06%
DDR CORP 3.5 1/15/2021 103.236 0.06%
BAE SYSTEMS HOLDINGS INC 2.85 12/15/2020 103.115 0.06%
DIAMOND 1 FIN/DIAMOND 2 4.42 6/15/2021 102.639 0.06%
APPLE INC 2.85 2/23/2023 106.026 0.06%
LINCOLN NATIONAL CORP 8.75 7/1/2019 118.469 0.06%
AERCAP IRELAND CAP LTD/A 3.95 2/1/2022 98.5 0.06%
BAMH 1998-1 B1 FRN 8/10/2025 102.83 0.06%
BLUE RACER MID LLC/FINAN 6.125 11/15/2022 94.25 0.06%
HCP INC 3.75 2/1/2019 103.626 0.06%
CGCMT 2007-C6 A4 FRN 12/10/2049 103.176 0.06%
SPECTRUM BRANDS 6/15 (USD) COV 06/23/22 TERM LOAN 100.014 0.06%
FRESENIUS US FINANCE II 4.5 1/15/2023 103 0.06%
ENDO PHARMACEUTICALS 09/26/22 TERM LOAN 98.0935 0.06%
SARM 2004-4 3A1 FRN 4/25/2034 98.4569 0.05%
ALLY FINANCIAL INC 3.25 11/5/2018 98 0.05%
VERIZON COMMUNICATIONS 4.6 4/1/2021 112.326 0.05%
HARRAH'S 10/31/16 TERM LOAN 101.626 0.05%
WFMBS 2004-K 2A12 3.080111 7/25/2034 103.826 0.05%
TOLL BROS FINANCE CORP 4.875 11/15/2025 98.25 0.05%
TRINITY ACQUISITION PLC 3.5 9/15/2021 103.896 0.05%
Emdeon 11/02/18 Term Loan 99.9375 0.05%
TOLL BROS FINANCE CORP 6.75 11/1/2019 112 0.05%
WFMBS 2005-14 2A1 5.5 12/25/2035 103.965 0.05%
OMFIT 2015-1A A 3.19 3/18/2026 101.523 0.05%
BCRR 2009-1 2A1 FRN 7/17/2040 100.282 0.05%
AMERICAN AXLE & MFG INC 5.125 2/15/2019 101.835 0.04%
LIFEPOINT HEALTH INC 5.375 5/1/2024 98.75 0.04%
ENBRIDGE ENERGY PARTNERS 4.375 10/15/2020 102.794 0.04%
MULTIPLA 06/07/23 TERM LOAN 99.875 0.04%
TENET HEALTHCARE CORP 6 10/1/2020 104.875 0.04%
KIMCO REALTY CORP 3.4 11/1/2022 104.825 0.04%
SRFC 2012-2A B 3.42 3/20/2029 100.423 0.04%
WESTERN DIGITAL CORP 7.375 4/1/2023 103.625 0.04%
EXPRESS SCRIPTS HOLDING 3.3 2/25/2021 105.438 0.04%
FNR 2009-36 NA 5 6/25/2037 106.782 0.04%
SRFC 2014-2A A 2.05 6/20/2031 99.8442 0.04%
UNITED AIR LINES 09/15/2021 TERM LOAN 99.854 0.04%
APF 2015-A A 2.61 4/15/2020 100.094 0.04%
CVS HEALTH CORP 2.125 6/1/2021 101.306 0.04%
AMERICAN CAMPUS CMNTYS 3.35 10/1/2020 104.051 0.04%
OWENS & MINOR INC 3.875 9/15/2021 103.732 0.04%
METHANEX CORP 3.25 12/15/2019 97.1878 0.04%
SVLF 2012-D A 3 3/17/2025 99.0614 0.04%
COTY/GAL 10/27/22 TERM LOAN 99.9375 0.03%
CHARTER COMM OPERATING 08/24/2021 TERM LOAN H 99.375 0.03%
MGM GROWTH LP/MGP ESCROW 5.625 5/1/2024 104.063 0.03%
ACTAVIS FUNDING SCS 3.45 3/15/2022 103.708 0.03%
ACTAVIS FUNDING SCS 3 3/12/2020 102.955 0.03%
GOVERNMENT PROPERTIES IN 3.75 8/15/2019 102.671 0.03%
DIAMOND 1 FIN/DIAMOND 2 5.45 6/15/2023 102.032 0.03%
RASC 2004-KS2 AI6 FRN 3/25/2034 101.26 0.03%
CCO HLDGS LLC/CAP CORP 5.25 9/30/2022 101 0.03%
Aristocrat Leisure 10/20/21 Term Loan 100.271 0.03%
SIX FLAGS THEME PARK 06/30/22 TERM LOAN 100.125 0.03%
CSFB 2004-8 6A1 4.5 12/25/2019 100.957 0.03%
American Air 06/27/20 Term Loan 98.375 0.03%
ARES CAPITAL CORP 4.875 11/30/2018 104.646 0.03%
CHARTER COMM OPERATING 01/24/2023 TERM LOAN I 99.8125 0.03%
WELLS FARGO & COMPANY 5.125 9/15/2016 100.87 0.03%
QUINTILES TRANSNATIONAL 05/12/22 TERM LOAN 100.156 0.03%
DIAMOND 1 FIN/DIAMOND 2 5.875 6/15/2021 99.8254 0.03%
ALBERTSON 08/25/21 Term Loan 99.75 0.03%
SPECTRUM BRANDS 6/15 (USD) COV 06/23/22 TERM LOAN 100.013 0.03%
BANK OF AMERICA CORP 5.49 3/15/2019 108.581 0.03%
XLIT LTD FRN PERPETUAL 10/29/2049 68.25 0.03%
HILTON WORLDWIDE HLG 10/26/20 TERM LOAN 99.8465 0.03%
LINCOLN NATIONAL CORP FRN 4/20/2067 68.5 0.03%
NEWELL BRANDS INC 3.15 4/1/2021 104.159 0.03%
HP ENTERPRISE CO 3.6 10/15/2020 103.968 0.03%
FRONTIER COMMUNICATIONS 10.5 9/15/2022 103.063 0.03%
NEW YORK LIFE GLOBAL FDG 1.95 2/11/2020 101.782 0.03%
PINNACLE FOODS FINANC 1/13/2023 TERM LOAN 100.25 0.02%
BERKSHIRE HATHAWAY INC 2.2 3/15/2021 103.461 0.02%
TECK RESOURCES LIMITED 8 6/1/2021 101.719 0.02%
VERIZON COMMUNICATIONS 3.65 9/14/2018 105.143 0.02%
OCCIDENTAL PETROLEUM COR 2.6 4/15/2022 102.773 0.02%
DOMINION RESOURCES INC STEP-CPN 7/1/2019 101.884 0.02%
EART 2013-2A B 3.09 7/16/2018 100.308 0.02%
SIX FLAGS THEME PARK 06/30/22 TERM LOAN 100.125 0.02%
NEWELL BRANDS INC 3.85 4/1/2023 105.761 0.02%
MPT OPER PARTNERSP/FINL 6.375 2/15/2022 104.375 0.02%
HILTON WORLDWIDE HLG 10/26/20 TERM LOAN 99.8465 0.02%
AMERIGAS FINANCE LLC/COR 6.75 5/20/2020 103.125 0.02%
AIRGAS INC 3.05 8/1/2020 104.243 0.02%
JPMORGAN CHASE & CO FRN PERPETUAL 12/29/2049 98.75 0.02%
STANDARD INDUSTRIES INC 5.125 2/15/2021 104 0.01%
TOLL BROS FINANCE CORP 5.625 1/15/2024 102.5 0.01%
CHS/COMMUNITY HEALTH SYS 5.125 8/15/2018 100.625 0.01%
SPECTRUM BRANDS 6/15 (USD) COV 06/23/22 TERM LOAN 100.014 0.01%
LAM RESEARCH CORP 2.8 6/15/2021 102.621 0.01%
WFMBS 2003-G A1 2.718316 6/25/2033 100.479 0.01%
SDART 2012-4 C 2.94 12/15/2017 100.051 0.01%
DIAMOND 1 FIN/DIAMOND 2 3.48 6/1/2019 101.89 0.01%
Emdeon 11/02/18 Term Loan 99.9375 0.00%
SPECTRUM BRANDS 6/15 (USD) COV 06/23/22 TERM LOAN 100.013 0.00%
HOSTESS BRANDS 7/15 COV 08/03/22 TERM LOAN 99.9066 0.00%
Nortek 10/30/20 Term Loan 99.3747 0.00%
CHS/Community Health Systems 01/27/21 Term Loan 97.2503 0.00%
CEQUEL/SUDDENLINK 12/14/22 TERM LOAN 99.7248 0.00%
SABINE OIL & GAS CORP 7.25 6/15/2019 1 0.00%
HUNTSMAN INTERNAT 04/01/23 TERM LOAN 100.172 0.00%
COTY/GAL 10/27/22 TERM LOAN 99.9381 0.00%
SIX FLAGS THEME PARK 06/30/22 TERM LOAN 100.133 0.00%
100 -2.45%

Shares are bought and sold at market price (closing price) not NAV and are not individually redeemed from the Fund. Market price returns are based on the midpoint of the bid/ask spread at 4:00 pm Eastern Time (when NAV is normally determined), and do not represent the return you would receive if you traded at other times. Holdings and allocations are subject to risks and to change. A holding identified with an "MM" at the end of its name indicates it is a Money Market fund.

Fund Basics

  • Symbol

    MINC

  • Exchange

    NYSE Arca

  • Inception Date

    03/19/2013

  • CUSIP

    00768Y727

  • Indicative Value

    MINC.IV

  • Options

    No

Fees & Expenses

  • Management Fee

    0.65%

  • Other Expenses

    0.17%

  • Gross Expense Ratio

    0.82%

  • Fee Waiver and/or Expense Reimbursement

    -0.07%

  • Net Expense Ratio

    0.75%*

  • *The Advisor has contractually agreed to keep net expenses from exceeding 0.75% of the Fund’s daily net assets for at least one year from the date of the prospectus and for successive one-year periods thereafter unless the agreement is terminated.