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(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 08/21/2016
  MINC
Duration 1.99 years
Yield to Maturity 2.99%
30-Day SEC Subsidized Yield 2.56%
30-Day SEC Unsubsidized Yield 2.49%

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 08/21/2016
RatingHoldings
AAA27.03%
AA14.54%
A24.27%
BAA19.25%
BA10.59%
B2.60%
CAA0.10%
D0.06%
Not Rated1.57%

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 07/31/2016
 NAVMarket Price ReturnBarclays Capital Aggregate Bond Index
1 Month0.480.270.63
3 Months1.281.052.47
YTD2.892.545.98
1 Year2.592.265.94
3 Years2.602.514.23
Since Inception
(03/19/2013)
2.082.013.11

Performance -Quarter-End

MINC Performance History (%) as of 06/30/2016
 NAVMarket Price ReturnBarclays Capital Aggregate Bond Index
1 Month0.620.551.80
3 Months1.401.562.21
YTD2.402.265.31
1 Year2.332.396.00
3 Years2.662.674.06
Since Inception
(03/19/2013)
1.991.983.00

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
09-26-16
09-28-16
09-30-16
-----
08-25-16
08-29-16
08-31-16
$0.1111$0.00$0.00$0.00$0.1111/per share
07-25-16
07-27-16
07-29-16
$0.1143$0.00$0.00$0.00$0.1143/per share
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
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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.

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Morningstar Rating ™

10 Yr 5 Yr 3 Yr Overall Category # in Overall Category
N/A N/A Short-Term Bond 497
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 07/31/2016. Category consists of 497 funds in 3 year, 406 in 5 year, and 279 in 10 year.

Price History

As of: 08/28/2016
NAV$48.89Closing Price$48.95
Change$-0.03Change$0.03
Shares Outstanding5,400,000Volume38,262
4PM Bid/Offer Midpoint$48.94Premium/Discount$0.05
Assets Under Management$264,014,032.46
Premium/Discount Historical Data

 

Holdings

As of: 08/28/2016
Name Price Weight
BLACKROCK LIQ TEMP FD INSTL 24 1 5.84%
GSMS 2007-GG10 A1A FRN 8/10/2045 102.017 0.89%
JPMCC 2007-CB19 A4 FRN 2/12/2049 101.653 0.88%
JPMCC 2007-LD12 A4 FRN 2/15/2051 102.604 0.88%
LBCMT 2007-C3 A4 FRN 7/15/2044 102.926 0.82%
FG G08702 3.5 4/1/2046 105.209 0.72%
AMCAR 2016-1 B 2.3 3/8/2021 101.153 0.66%
NRZT 2014-3A AFX3 FRN 11/25/2054 103.895 0.64%
FN 890707 2.5 2/1/2031 103.311 0.63%
GCCFC 2007-GG11 AM FRN 12/10/2049 102.729 0.60%
JPMCC 2006-LDP9 A3 5.336 5/15/2047 100.273 0.59%
AESOP 2013-2A A 2.97 2/20/2020 101.795 0.56%
JPMMT 2016-1 A3 3.5 5/25/2046 102.863 0.56%
WBCMT 2007-C31 AM FRN 4/15/2047 101.587 0.53%
CGCMT 2007-C6 A1A FRN 12/10/2049 102.373 0.53%
BERKSHIRE HATHAWAY FIN 1.3 8/15/2019 99.8163 0.52%
UAL 2007 PASS TRUST 6.636 7/2/2022 107.125 0.51%
SLMA 2014-A A2A 2.59 1/15/2026 100.833 0.49%
DRIVE 2016-BA B 2.56 6/15/2020 100.538 0.48%
DRIVE 2015-AA C 3.06 5/17/2021 101.19 0.47%
NRZT 2015-2A A1 FRN 8/25/2055 104.569 0.47%
DRIVE 2016-AA B 3.17 5/15/2020 101.117 0.46%
BAFC 2016-R1 A1 FRN 3/25/2040 99.2902 0.45%
VZOT 2016-1A A 1.42 1/20/2021 100.063 0.45%
NHEL 2004-4 M5 FRN 3/25/2035 97.7706 0.45%
HERTZ 2011-1A A2 3.29 3/25/2018 100.606 0.44%
AESOP 2013-1A A 1.92 9/20/2019 99.8453 0.43%
JPMMT 2015-4 1A4 FRN 6/25/2045 102.933 0.42%
EART 2014-1A C 3.57 7/15/2019 100.679 0.42%
JPMMT 2015-5 A2 FRN 5/25/2045 102.004 0.42%
SDART 2016-1 C 3.09 4/15/2022 102.421 0.42%
AVMT 2013-AVM A FRN 12/5/2032 107.632 0.41%
CGCMT 2010-RR3 MLSR FRN 6/14/2050 101.125 0.41%
WBCMT 2007-C30 AM 5.383 12/15/2043 101.157 0.41%
HERTZ 2015-2A A 2.02 9/25/2019 99.7352 0.41%
AMCAR 2012-4 D 2.68 10/9/2018 100.574 0.40%
LBUBS 2007-C6 A4 FRN 7/15/2040 101.698 0.40%
SASC 2003-AL1 A 3.3565 4/25/2031 98.7421 0.39%
CMLTI 2015-A A1 FRN 6/25/2058 102.094 0.39%
BSCMS 2007-PW17 AM FRN 6/11/2050 103.435 0.39%
VIRGIN AUST 2013-1A TRST 5 10/23/2023 104.178 0.39%
DRIVE 2015-DA C 3.38 11/15/2021 101.41 0.38%
US TREASURY N/B 1.375 1/31/2021 100.664 0.38%
HART 2015-C B 2.15 11/15/2021 100.59 0.38%
SOFI 2016-C A2B 2.36 12/25/2032 99.7849 0.38%
CCG 2015-1 A3 1.92 1/17/2023 99.932 0.38%
CFCAT 2015-1A B 2.91 6/15/2021 98.9773 0.37%
JPMCC 2006-LDP9 AM 5.372 5/15/2047 100.379 0.37%
BSARM 2004-10 15A1 2.973319 1/25/2035 99.9429 0.37%
FN AS5927 3 10/1/2030 104.759 0.36%
BSARM 2004-10 21A1 FRN 1/25/2035 101.068 0.36%
WBCMT 2007-C32 A3 FRN 6/15/2049 102.25 0.36%
TPMT 2015-5 A1B FRN 5/25/2055 101.168 0.36%
WBCMT 2007-C30 A5 5.342 12/15/2043 100.878 0.35%
BSCMS 2007-PW18 A4 5.7 6/11/2050 102.781 0.35%
AMERICA WEST AIR 2001-1 7.1 4/2/2021 108.125 0.35%
EART 2016-1A A 2.35 7/15/2020 100.06 0.35%
FCRT 2016-1 A2 2.87 10/15/2021 99.5173 0.34%
CHASE 2016-2 M2 FRN 12/25/2045 103.286 0.34%
MSC 2008-T29 AM FRN 1/11/2043 104.757 0.34%
GSMS 2007-GG10 A4 FRN 8/10/2045 102.075 0.34%
CSMC 2013-HYB1 A16 FRN 4/25/2043 100.438 0.34%
EART 2014-2A C 3.26 12/16/2019 100.533 0.34%
COLT 2016-1 A1 3 5/25/2046 101.219 0.33%
SASC 2002-AL1 A3 3.45 2/25/2032 99.3807 0.33%
AT&T INC 2.8 2/17/2021 102.823 0.33%
JPMCC 2011-C4 A3 4.1063 7/15/2046 103.947 0.31%
MSC 2007-IQ14 A4 FRN 4/15/2049 101.254 0.31%
LBUBS 2007-C2 A3 5.43 2/15/2040 101.055 0.31%
TCFAT 2014-1A B 2.33 5/15/2020 99.4325 0.30%
MLMI 2004-A4 A1 FRN 8/25/2034 101.434 0.30%
SBA TOWER TRUST 2.877 7/15/2021 101.131 0.30%
CD 2007-CD4 A4 5.322 12/11/2049 100.454 0.30%
SDART 2013-1 D 2.27 1/15/2019 100.372 0.30%
MVWOT 2016-1A A 2.25 12/20/2033 99.6394 0.30%
WLAKE 2016-2A C 2.83 5/17/2021 100.532 0.30%
UHAUL 2010-BT1A 1 4.899 10/25/2023 101.239 0.29%
AMCAR 2014-1 D 2.54 6/8/2020 100.675 0.29%
MCMLT 2016-1 A1 FRN 4/25/2057 100.602 0.29%
SDART 2016-2 B 2.08 2/16/2021 100.289 0.28%
MVCOT 2012-1A A 2.51 5/20/2030 100.63 0.28%
AMCAR 2015-4 C 2.88 7/8/2021 102.167 0.28%
SBA TOWER TRUST 2.933 12/15/2017 100.633 0.28%
UACST 2016-1 B 2.73 5/15/2018 100.085 0.27%
CARMX 2015-4 B 2.16 8/16/2021 100.484 0.27%
SARM 2004-4 3A2 FRN 4/25/2034 99.4703 0.27%
ALIBABA GROUP HOLDING 2.5 11/28/2019 101.9 0.27%
GENERAL MOTORS FINL CO 3.2 7/6/2021 101.626 0.27%
CARMX 2014-4 B 2.2 9/15/2020 100.8 0.27%
DTAOT 2016-1A B 2.79 5/15/2020 100.287 0.27%
FCAT 2016-1 A 2.77 12/15/2020 100.512 0.26%
JPMMT 2015-1 AM1 FRN 12/25/2044 100.012 0.26%
COLNY 2014-1 A 2.5432 4/20/2050 99.6586 0.26%
DYNEG 06/27/23 TERM LOAN 100.104 0.26%
SUNOCO LP/FINANCE CORP 6.375 4/1/2023 103 0.26%
HGVT 2013-A A 2.28 1/25/2026 99.5426 0.26%
HOSTESS BRANDS 7/15 COV 08/03/22 TERM LOAN 100.625 0.26%
ACAR 2016-1A B 4.24 6/13/2022 102.594 0.26%
DROT 2014-1 A 2.54 5/20/2027 100.051 0.26%
GOLDMAN SACHS GROUP INC 5.625 1/15/2017 101.623 0.26%
REYNOLDS GRP ISS/REYNOLD FRN 7/15/2021 101.37 0.26%
LBUBS 2007-C7 A3 FRN 9/15/2045 103.748 0.26%
PETROLEOS MEXICANOS 4.875 1/24/2022 104.45 0.26%
FORD MOTOR CREDIT CO LLC 3.2 1/15/2021 103.054 0.25%
GUANAY FINANCE LTD 6 12/15/2020 103.15 0.25%
AMCAR 2015-3 C 2.73 3/8/2021 101.638 0.25%
FN AZ4794 3 10/1/2030 104.759 0.25%
NRZT 2014-1A A FRN 1/25/2054 104.002 0.25%
DTAOT 2015-3A C 3.25 7/15/2021 100.299 0.25%
PULTEGROUP INC 4.25 3/1/2021 105.75 0.25%
HSBC HOLDINGS PLC 2.95 5/25/2021 102.409 0.25%
BANK OF NY MELLON CORP 2.05 5/3/2021 100.833 0.25%
AFIN 2015-2 C 2.67 8/20/2020 100.401 0.25%
CRART 2015-3 B 2.7 9/15/2021 101.071 0.25%
MOTEL 2015-MTL6 D 4.531573 2/5/2030 100.177 0.25%
DTAOT 2016-3A C 3.15 3/15/2022 99.7977 0.25%
MICROSOFT CORP 1.55 8/8/2021 99.6784 0.25%
CRART 2014-3 A4 1.79 3/16/2020 100.334 0.25%
ALLY FINANCIAL INC 4.25 4/15/2021 103.5 0.24%
JPMMT 2014-1 2A2 FRN 1/25/2044 103.074 0.24%
AFIN 2013-4 C 2.67 2/20/2019 100.83 0.24%
DTAOT 2016-2A C 3.67 1/18/2022 102.153 0.24%
CCART 2015-BA D 4.17 1/16/2023 100.423 0.24%
CARRIZO OIL & GAS INC 6.25 4/15/2023 99.5 0.24%
JPMMT 2005-A2 4A1 FRN 4/25/2035 98.3905 0.24%
WBCMT 2007-C31 A4 5.509 4/15/2047 101.151 0.24%
MGM GROWTH PROPERTIES 4/25/23 TERM LOAN 100.955 0.24%
QVC INC 3.125 4/1/2019 102.262 0.24%
SEMT 2014-3 A9 FRN 10/25/2044 103.981 0.24%
HCA 03/17/23 TERM LOAN 101.2 0.24%
CARMX 2015-2 C 2.39 3/15/2021 100.503 0.23%
BSARM 2004-9 22A1 3.344852 11/25/2034 98.5997 0.23%
BSCMS 2007-PW17 A4 FRN 6/11/2050 103.18 0.23%
Charter Comm Operating 07/01/20 Term Loan 100.243 0.23%
SNAAC 2014-1A C 2.21 1/15/2020 100.136 0.23%
LRF 2015-1 D 3.74 5/17/2021 99.0997 0.23%
MSC 2007-IQ16 A4 5.809 12/12/2049 103.125 0.23%
MSRM 2014-1A A1 FRN 6/25/2044 101.733 0.23%
OWENS-BROCKWAY GLASS CONTAINE 09/01/22 TERM LOAN 100.588 0.23%
SDART 2014-3 C 2.13 8/17/2020 100.536 0.23%
CSMC 2016-BDWN A FRN 2/15/2029 100.014 0.23%
ACER 2015-1A B 2.26 6/10/2021 99.9791 0.23%
TRI POINTE GROUP / HOMES 4.375 6/15/2019 103.375 0.23%
KINDER MORGAN INC/DELAWA 5.625 11/15/2023 108.97 0.22%
CPF 2012-2A 1 2.61 8/20/2021 98.1485 0.22%
EART 2015-2A C 3.9 3/15/2021 98.5602 0.22%
DELTA AIR LINES 2010-2A 4.95 5/23/2019 105.625 0.22%
SEMT 2014-4 A6 FRN 11/25/2044 102.863 0.22%
HNGRY 2013-1A A2 4.474 3/20/2043 100.153 0.22%
CHASE 2016-1 M2 FRN 4/25/2045 103.279 0.22%
Nortek 10/30/20 Term Loan 100.125 0.22%
JPMBB 2014-C22 A4 3.8012 9/15/2047 110.086 0.22%
SASC 2004-4XS A3A 5.5 2/25/2034 103.018 0.22%
CARMX 2016-2 B 2.16 12/15/2021 100.41 0.22%
AMCAR 2013-2 D 2.42 5/8/2019 100.371 0.22%
EXELON CORP 2.85 6/15/2020 103.35 0.22%
FIRST DATA 1/14 03/24/2021 TERM LOAN 100.606 0.22%
AMHPT 1996-1 B1 FRN 3/15/2027 103.958 0.22%
BANK OF NY MELLON CORP FRN PERPETUAL 12/29/2049 102.25 0.21%
DTAOT 2014-3A C 3.04 9/15/2020 100.161 0.21%
FIRST HORIZON NATIONAL 3.5 12/15/2020 101.867 0.21%
GSR 2004-7 3A1 FRN 6/25/2034 97.1043 0.21%
WEA FINANCE LLC/WESTFIEL 3.25 10/5/2020 103.708 0.21%
ABBVIE INC 2.5 5/14/2020 102.307 0.21%
BSARM 2004-1 21A1 FRN 4/25/2034 99.3406 0.21%
CGCMT 2008-C7 AM FRN 12/10/2049 103.722 0.21%
ENCANA CORP 3.9 11/15/2021 98.774 0.21%
DELPHI AUTOMOTIVE PLC 3.15 11/19/2020 103.425 0.21%
FG G07961 3.5 3/1/2045 106.111 0.21%
TRANSDIGM 5/14 COV 06/04/21 TERM LOAN 99.9555 0.21%
CMLBC 2001-CMLB A3 FRN 6/20/2031 117.569 0.20%
MASCO CORP 3.5 4/1/2021 105 0.20%
MARRIOTT INTERNATIONAL 3.125 10/15/2021 103.944 0.20%
FORD MOTOR CREDIT CO LLC 8.125 1/15/2020 118.498 0.20%
JPMCC 2015-SGP B FRN 7/15/2036 100.494 0.20%
HILT 2013-HLT EFX FRN 11/5/2030 100.42 0.20%
WEN 2015-1A A2II 4.08 6/15/2045 101.089 0.20%
ALBERTSON 08/25/21 Term Loan 100.507 0.20%
PetSmart 5/15 Cov 03/11/22 Term Loan 100.308 0.20%
MEG Energy 2/13 Cov 03/31/20 Term Loan 92.4375 0.20%
CMLTI 2014-A A FRN 1/25/2035 103.116 0.20%
NXP BV/NXP FUNDING LLC 4.125 6/1/2021 104.625 0.20%
AIR LEASE CORP 2.625 9/4/2018 100.567 0.20%
TPMT 2015-3 A1B FRN 3/25/2054 101.62 0.20%
FN AS6522 3.5 1/1/2046 105.263 0.20%
SELECT INCOME REIT 4.15 2/1/2022 100.256 0.20%
LINCOLN NATIONAL CORP 4.2 3/15/2022 107.967 0.19%
STATE GRID OVERSEAS INV 2.75 5/7/2019 102.442 0.19%
CHS/Community Health Systems 01/27/21 Term Loan 95.625 0.19%
NGL ENRGY PART LP/FIN CO 5.125 7/15/2019 94.5 0.19%
HART 2015-A D 2.73 6/15/2021 100.795 0.19%
DRB 2015-D A3 2.5 1/25/2036 100.116 0.19%
AMCAR 2014-2 C 2.18 6/8/2020 100.768 0.19%
CRART 2014-2 B 2.34 4/15/2020 100.702 0.19%
FCRT 2014-1 B 3.56 11/22/2021 100.31 0.19%
AESOP 2012-3A A 2.1 3/20/2019 100.276 0.19%
AMERICAN AIRLINE 04/29/23 Term Loan 100.266 0.19%
WLAKE 2015-1A C 2.29 11/16/2020 100.159 0.19%
TMCAT 2014-AA C 2.56 8/15/2019 100.048 0.19%
SDART 2013-3 C 1.81 4/15/2019 100.213 0.19%
SLMA 2013-B A2A 1.85 6/17/2030 99.4377 0.19%
CWL 2004-S1 A3 5.115 2/25/2035 101.794 0.19%
EART 2015-1A C 4.1 12/15/2020 99.3346 0.19%
HILTON WORLDWIDE HLG 10/26/20 TERM LOAN 100.448 0.19%
Aramark 2/14 02/24/21 Term Loan 100.438 0.19%
IND & COMM BK CHINA/NY 3.231 11/13/2019 103.986 0.19%
SOFI 2014-B A2 2.55 8/27/2029 100.379 0.19%
CMLTI 2015-PS1 A1 FRN 9/25/2042 103.826 0.19%
BACM 2007-4 AM FRN 2/10/2051 103.35 0.19%
MVWOT 2015-1A B 2.96 12/20/2032 100.699 0.19%
OMFIT 2014-1A A 2.43 6/18/2024 100.116 0.18%
FHR 4011 J 4 12/15/2041 105.327 0.18%
EART 2013-1A C 3.52 2/15/2019 100.371 0.18%
SDART 2013-5 D 2.73 10/15/2019 101.493 0.18%
CEQUEL/SUDDENLINK 12/14/22 TERM LOAN 100.604 0.18%
CFCAT 2014-2A B 2.64 11/16/2020 99.9353 0.18%
SANTANDER HOLDINGS USA 2.65 4/17/2020 100.898 0.18%
MASTR 2003-5 4A5 5.5 6/25/2033 101.24 0.18%
WFMBS 2004-U A1 FRN 10/25/2034 99.5959 0.18%
CORPORATE OFFICE PROP LP 3.7 6/15/2021 103.115 0.18%
WLKRG 2015-AA A 2.79 6/16/2031 100.011 0.18%
AIR CANADA 2013-1B PTT 5.375 5/15/2021 103.435 0.18%
WESTR 2016-1A A 3.5 12/20/2028 100.021 0.18%
REGENCY ENERGY PART/FINA 5 10/1/2022 106.088 0.18%
MASCO CORP 5.95 3/15/2022 115.9 0.18%
AXIS BANK/DUBAI 3.25 5/21/2020 102.83 0.18%
SOFI 2016-A A2 2.76 12/26/2036 101.402 0.17%
CXHE 2004-D AF5 5.85 9/25/2034 103.899 0.17%
WYNDHAM WORLDWIDE CORP 2.5 3/1/2018 100.928 0.17%
BAYV 2007-A 1A2 6.205 5/28/2037 104.452 0.17%
DELL INTERNATIONA 06/02/23 TERM LOAN 100.562 0.17%
JPMCC 2007-LDPX AM FRN 1/15/2049 97.2326 0.17%
CONTL AIRLINES 2000-1 8.048 11/1/2020 111.315 0.17%
CALPINE 5/ 05/27/22 TERM LOAN 100.16 0.17%
TPMT 2016-1 A1B FRN 2/25/2055 101.191 0.17%
OMAN GOV INTERNTL BOND 3.625 6/15/2021 103.547 0.17%
HP ENTERPRISE CO 2.45 10/5/2017 100.904 0.17%
SBA TOWER TRUST 3.156 10/15/2020 102.875 0.17%
DIGITAL REALTY TRUST LP 3.4 10/1/2020 103.926 0.17%
CORRECTIONS CORP OF AMER 5 10/15/2022 96 0.16%
AVIATION CAPITAL GROUP 3.875 9/27/2016 100.4 0.16%
CAFL 2015-1 A 2.896 10/15/2047 101.136 0.16%
KOREA DEVELOPMENT BANK 4.625 11/16/2021 114.225 0.16%
AERCAP IRELAND CAP LTD/A 4.5 5/15/2021 105.625 0.16%
KRONOS 10/30/19 TERM LOAN 100.572 0.16%
ONGLT 2015-AA A 2.88 9/8/2027 100.699 0.16%
GMACM 2004-AR1 12A 3.433185 6/25/2034 101.571 0.16%
CORP ANDINA DE FOMENTO 2 5/10/2019 101.125 0.16%
HART 2014-B D 2.51 12/15/2020 99.6932 0.16%
CENTENE CORP 4.75 5/15/2022 104.5 0.16%
CCG 2014-1 B 2.15 11/15/2021 100.025 0.16%
SENIOR HOUSING PROPERTIE 3.25 5/1/2019 100.687 0.16%
BXGNT 2015-A A 2.88 5/2/2030 100.843 0.16%
AWAS Aviation 07/16/18 Term Loan 100.657 0.16%
AFIN 2013-1 C 1.74 10/22/2018 100.06 0.16%
CFCAT 2014-1A D 4.9 4/15/2020 99.4886 0.16%
TIAA ASSET MGMT FIN LLC 2.95 11/1/2019 102.566 0.16%
SARM 2004-1 6A FRN 2/25/2034 97.6953 0.15%
CONTL AIRLINES 2001-1 6.703 6/15/2021 105.125 0.15%
SASC 2003-33H 1A1 5.5 10/25/2033 102.374 0.15%
CNART 2014-1A D 4.16 11/15/2018 100.44 0.15%
TEVA PHARMACEUTICALS NE 1.7 7/19/2019 100.194 0.15%
TEXTRON INC 4.625 9/21/2016 100.193 0.15%
UBS GROUP FUNDING 2.65 2/1/2022 100.006 0.15%
BACM 2007-2 A4 FRN 4/10/2049 100.849 0.15%
CENTURYLINK INC 7.5 4/1/2024 109 0.15%
CROWN CASTLE INTL CORP 4.875 4/15/2022 111.75 0.15%
REPUBLIC OF ARGENTINA 6.875 4/22/2021 108.15 0.15%
JMAC 2014-R1 1A1 4 12/27/2037 100.252 0.15%
NRG ENERGY INC 6/30/23 Term Loan 100.008 0.15%
REPUBLIC OF ARGENTINA 6.25 4/22/2019 106.4 0.15%
MOTEL 2015-MTL6 B 3.298311 2/5/2030 100.245 0.15%
HD SUPPLY INC 5.25 12/15/2021 107.125 0.15%
JPMORGAN CHASE & CO 2.25 1/23/2020 101.35 0.15%
NEWELL BRANDS INC 2.6 3/29/2019 102.331 0.15%
T-MOBIL 11/09/22 TERM LOAN 100.802 0.15%
WFMBS 2004-K 1A2 3.106695 7/25/2034 100.082 0.14%
ABBVIE INC 2.3 5/14/2021 101.016 0.14%
GLDKR 2014-A A 3.22 3/17/2031 100.234 0.14%
FN MA2495 3.5 1/1/2046 105.263 0.14%
CHAI 2015-PM3 A 2.56 5/16/2022 100.027 0.14%
SVLF 2014-A A 2.81 1/15/2027 98.9565 0.14%
MALT 2004-4 6A1 5.5 4/25/2034 104.008 0.14%
CDS U.S. INTERMEDIATE HOLDINGS 07/08/22 TERM LOAN 98.828 0.14%
HARBOR FREIGHT 08/16/23 Term Loan 100.302 0.14%
Aramark 2/14 09/07/19 Term Loan 100.485 0.14%
GENERAL MOTORS FINL CO 2.4 4/10/2018 100.555 0.14%
SDART 2012-6 D 2.52 9/17/2018 100.55 0.13%
NRZT 2016-1A A1 FRN 3/25/2056 103.966 0.13%
BOAMS 2004-7 6A3 4.5 8/25/2019 99.8669 0.13%
LRF 2013-1 D 5.11 9/15/2021 100.233 0.13%
DIAMOND 1 FIN/DIAMOND 2 5.875 6/15/2021 105.44 0.13%
CSMC 2010-RR7 1A FRN 8/12/2048 100.002 0.13%
CENTENE CORP 5.625 2/15/2021 106.25 0.13%
Virgin Media 5/15 06/30/23 Term Loan 100.118 0.13%
DDR CORP 7.875 9/1/2020 120.28 0.13%
FIFTH THIRD BANCORP 4.5 6/1/2018 104.813 0.13%
ZIONS BANCORP 4.5 3/27/2017 101.07 0.13%
APPLE INC 2.25 2/23/2021 102.51 0.13%
BARCLAYS PLC 3.2 8/10/2021 100.858 0.13%
MPLX LP 5.5 2/15/2023 103.823 0.13%
HP ENTERPRISE CO 2.85 10/5/2018 102.036 0.13%
JPMMT 2014-1 1A1 FRN 1/25/2044 105.864 0.13%
MASD 2005-3 A2 5.704 11/25/2035 101.372 0.13%
MDST 6 A4 7.79 7/1/2035 106.209 0.12%
VENTAS REALTY LP/CAP CRP 4 4/30/2019 105.136 0.12%
OMFIT 2015-2A A 2.57 7/18/2025 100.219 0.12%
LENNAR CORP 4.5 11/15/2019 106.125 0.12%
FIDELITY NATIONAL INFORM 3.625 10/15/2020 106.037 0.12%
BSARM 2004-10 12A3 FRN 1/25/2035 92.1763 0.12%
STATE STREET CORP 4.956 3/15/2018 104.67 0.12%
WFMBS 2005-3 A12 5.5 5/25/2035 100.877 0.12%
STATION CASINOS LLC 06/08/2023 100.234 0.12%
NRZT 2014-2A A3 FRN 5/25/2054 104.24 0.12%
LIBBEY 04/09/21 TERM LOAN 100.125 0.12%
ZIMMER BIOMET HOLDINGS 3.15 4/1/2022 103.129 0.12%
SARM 2004-5 3A2 FRN 5/25/2034 101.364 0.12%
Royalty Pharma 11/09/20 Term Loan 100.575 0.12%
FREEPORT-MCMORAN INC 3.875 3/15/2023 90.25 0.11%
HILTON WORLDWIDE HLG 10/26/20 TERM LOAN 100.448 0.11%
CMLTI 2004-UST1 A3 FRN 8/25/2034 100.25 0.11%
UPC FINANCING PARTNE 07/29/24 TERM LOAN 99.75 0.11%
HARBOR FREIGHT 08/16/23 Term Loan 100.302 0.11%
WLAKE 2014-1A C 1.7 11/15/2019 99.9715 0.11%
BRITISH AIR 13-1 B PTT 5.625 6/20/2020 104.375 0.11%
Realogy Grou 07/20/22 Term Loan 100.719 0.11%
LAZARD GROUP LLC 4.25 11/14/2020 106.217 0.11%
LEVEL 3 FINANCE TLB-5 L+275 05/31/22 Term Loan 100.573 0.11%
JPMORGAN CHASE & CO 6.125 6/27/2017 103.877 0.11%
DELOS AIRCRAF 03/06/21 TERM LOAN 100.447 0.11%
SASC 2003-34A 6A FRN 11/25/2033 98.6398 0.11%
CRMSI 2006-1 A4 5.939 7/25/2036 102.393 0.11%
JPMMT 2004-A3 1A1 FRN 7/25/2034 99.2477 0.11%
CONTL AIRLINES 1999-1 6.545 2/2/2019 106.125 0.11%
VALE OVERSEAS LIMITED 5.875 6/10/2021 104.375 0.11%
JEFFERIES GROUP LLC 5.125 4/13/2018 104.354 0.11%
GENERAL MOTORS FINL CO 3.7 5/9/2023 102.294 0.11%
BSCMS 2006-PW14 AM 5.243 12/11/2038 100.375 0.11%
MAJAPAHIT HOLDING BV 7.75 1/20/2020 116.63 0.11%
VOLT 2015-NPL2 A1 FRN 2/25/2055 100.206 0.11%
DRUGB 2014-1 A2 3.484 7/15/2023 98.4062 0.11%
NATL RETAIL PROPERTIES 5.5 7/15/2021 113.883 0.11%
DIGITAL REALTY TRUST LP 3.95 7/1/2022 105.367 0.11%
VOYA FINANCIAL INC 2.9 2/15/2018 101.706 0.11%
CSMC 2007-C1 A1A 5.361 2/15/2040 100.644 0.11%
ARISTOCRAT LEISUR 10/20/21 TERM LOAN 100.396 0.11%
T-MOBILE USA INC 6.464 4/28/2019 102.302 0.11%
SOFI 2015-A A2 2.42 3/25/2030 100.117 0.11%
SPECTRUM BRANDS 6/15 (USD) COV 06/23/22 TERM LOAN 100.609 0.11%
ALLY FINANCIAL INC 4.125 3/30/2020 103.75 0.11%
SLMA 2013-C A2A 2.94 10/15/2031 101.711 0.10%
TRMF 2011-1A A1A 4.37 7/15/2041 102.361 0.10%
FIRST DATA CORPORATION 5 1/15/2024 102.625 0.10%
WESTERN DIGITAL 04/29/23 TERM LOAN 100.709 0.10%
JPMMT 2006-A2 4A1 FRN 8/25/2034 100.51 0.10%
VOLT 2015-NPL3 A1 FRN 10/25/2058 100.006 0.10%
AVMT 2013-AVM C FRN 12/5/2032 104.89 0.10%
TENET HEALTHCARE CORP FRN 6/15/2020 100.5 0.10%
SASC 2003-37A 2A FRN 12/25/2033 99.6443 0.10%
BOYD GAMING 8/13 COV 08/07/20 TERM LOAN 100.428 0.10%
ORACLE CORP 1.9 9/15/2021 100.105 0.10%
RANGE RESOURCES CORP 5 8/15/2022 100 0.10%
WILLIS NORTH AMERICA INC 6.2 3/28/2017 102.73 0.10%
NATCM 2008-1 2A1 6 3/25/2038 104.519 0.10%
STACR 2016-DNA2 M2 FRN 10/25/2028 101.925 0.10%
TPMT 2015-5 A2 FRN 5/25/2055 100.908 0.10%
AMR 10/10/21 TERM LOAN 100.281 0.10%
Valeant 9/13 Seri 02/13/19 Term Loan 100 0.10%
WAMU 2003-AR6 A1 2.902741 6/25/2033 99.8807 0.10%
AMERIGAS FINANCE LLC/COR 7 5/20/2022 106.875 0.10%
FIRST TENNESSEE BANK 2.95 12/1/2019 100.276 0.09%
ARISTOCRAT LEISUR 10/20/21 TERM LOAN 100.396 0.09%
ON SEMICOND 03/31/23 TERM LOAN 101.448 0.09%
UNIVISION COMMUNICATIONS 03/01/20 TERM LOAN 100.125 0.09%
SANTANDER HOLDINGS USA 2.7 5/24/2019 101.077 0.09%
BOMBARDIER INC 4.75 4/15/2019 100.25 0.09%
PENSKE TRUCK LEASING/PTL 3.375 2/1/2022 103.306 0.09%
BANK OF AMERICA CORP 2 1/11/2018 100.625 0.09%
BOAMS 2004-5 4A1 4.75 6/25/2019 100.159 0.09%
FNR 2012-10 PA 4 11/25/2041 102.779 0.09%
COMMUNITY HEALTH 12/31/18 98.5625 0.09%
TRMF 2014-1A A1 2.863 4/15/2044 98.8613 0.09%
HUNTSMAN INTERNAT 04/01/23 TERM LOAN 100.672 0.09%
HUNTINGTON BANCSHARES 7 12/15/2020 116.481 0.09%
NRZT 2016-2A A1 FRN 11/25/2035 104.226 0.09%
Air Canada 09/26/19 Term Loan 100.917 0.09%
HGVT 2014-AA A 1.77 11/25/2026 99.1597 0.09%
GT 1995-5 B1 FRN 9/15/2026 102.22 0.09%
TEXAS COMPETITIV 10/31/17 Term Loan 100.521 0.09%
ANCHOR GLASS 6/15 COV 07/01/22 TERM LOAN 100.844 0.09%
ABFC 2005-AQ1 A6 4.78 6/25/2035 103.374 0.09%
MALT 2005-2 2A1 6 1/25/2035 103.892 0.09%
MCGRAW 05/04/22 TERM LOAN 100.552 0.09%
AT&T INC 3.875 8/15/2021 108.055 0.09%
LEVEL 3 FINANACIN 01/15/20 TERM LOAN 100.65 0.09%
TEAM H 11/23/22 Term Loan 100.542 0.09%
WFMBS 2004-A A1 2.83461 2/25/2034 100.851 0.09%
HANESBRANDS INC 4.625 5/15/2024 106.125 0.08%
ARES CAPITAL CORP 3.875 1/15/2020 103.491 0.08%
MSC 2007-IQ14 AM FRN 4/15/2049 95.6959 0.08%
RFMS2 2003-HS2 AIIB FRN 6/25/2028 97.3085 0.08%
BANK OF AMERICA CORP 5.65 5/1/2018 106.465 0.08%
ANTERO RESOURCES CORP 5.625 6/1/2023 101.25 0.08%
PROVINCIA DE BUENOS AIRE 5.75 6/15/2019 103.625 0.08%
AT&T INC 3 6/30/2022 102.991 0.08%
FOREST LABORATORIES LLC 4.375 2/1/2019 105.408 0.08%
BAYC 2008-1 A3 FRN 1/25/2038 97.8151 0.08%
SASC 2004-15 3A3 5.5 9/25/2034 100.894 0.08%
BSCMS 2007-PW15 AMFX 5.363 2/11/2044 91.5683 0.08%
Emdeon 11/02/18 Term Loan 100 0.08%
UPC FINANCING PARTNE 07/29/24 TERM LOAN 99.75 0.08%
HCA INC 6.5 2/15/2020 110.5 0.08%
GAHR 2015-NRF CFX FRN 12/15/2034 101.964 0.08%
UNIVERSAL HEALTH SVCS 4.75 8/1/2022 103.5 0.08%
HERTZ 2016-1A A 2.32 3/25/2020 100.183 0.08%
CFCAT 2014-1A B 2.72 4/15/2020 100.063 0.08%
JPMMT 2014-2 2A2 FRN 6/25/2029 103.575 0.08%
AVIATION CAPITAL GROUP 2.875 9/17/2018 102 0.08%
PENSKE TRUCK LEASING/PTL 2.5 6/15/2019 100.762 0.07%
VOLT 2015-NPL4 A1 FRN 2/25/2055 100.327 0.07%
SPRINGLEAF FINANCE CORP 5.25 12/15/2019 102.375 0.07%
IRWHE 2003-A M1 FRN 10/25/2027 99.3296 0.07%
Ineos 6/15 12/15/20 Term Loan 99.9795 0.07%
MASTR 2005-1 1A1 5 5/25/2020 100.983 0.07%
BAFC 2005-1 1A1 5.5 2/25/2035 100.386 0.07%
KRAFT HEINZ FOODS CO 2.8 7/2/2020 103.807 0.07%
CMLTI 2003-UP3 A2 7 9/25/2033 104.134 0.07%
ANCHOR GLASS 6/15 COV 07/01/22 TERM LOAN 100.844 0.07%
NXP 12/07/20 TERM LOAN 100.64 0.07%
DTAOT 2014-1A C 2.64 10/15/2019 100.177 0.07%
ANCHOR GLASS 6/15 COV 07/01/22 TERM LOAN 100.844 0.07%
CONTL AIRLINES 1999-2 6.236 3/15/2020 106 0.07%
BXGNT 2013-A A 3.01 12/4/2028 100.967 0.07%
TOLL BROS FINANCE CORP 4 12/31/2018 104.35 0.07%
COTY/GAL 01/26/23 TERM LOAN 100.578 0.07%
MORGAN STANLEY 2.125 4/25/2018 101.008 0.07%
WFMBS 2003-J 5A1 2.664845 10/25/2033 100.873 0.07%
QUINTILES TRANSNATIONAL 4.875 5/15/2023 103.875 0.07%
WFMBS 2003-J 2A1 2.650009 10/25/2033 100.594 0.07%
DTAOT 2014-2A C 2.46 1/15/2020 100.034 0.07%
MYLAN NV 3.15 6/15/2021 102.008 0.07%
AERCAP IRELAND CAP LTD/A 4.25 7/1/2020 104.75 0.07%
BAFC 2004-A 5A1 3.121005 7/20/2034 99.4959 0.07%
JPMORGAN CHASE & CO 2.295 8/15/2021 100.444 0.06%
CFCAT 2013-2A B 3.15 8/15/2019 100.298 0.06%
TEVA PHARMACEUTICALS NE 2.2 7/21/2021 99.6292 0.06%
CSFB 2004-AR8 6A1 FRN 9/25/2034 99.0959 0.06%
MSC 2008-T29 A4 FRN 1/11/2043 105.019 0.06%
CDS U.S. INTERMEDIATE HOLDINGS 07/08/22 TERM LOAN 98.828 0.06%
WAMMS 2003-AR4 2A1 2.478958 8/25/2033 98.5971 0.06%
TENET HEALTHCARE CORP 6.25 11/1/2018 106.875 0.06%
WFMBS 2004-Z 2A1 2.851646 12/25/2034 102.058 0.06%
CWALT 2004-22CB 1A1 6 10/25/2034 107.811 0.06%
DUN & BRADSTREET CORP 4 6/15/2020 104.103 0.06%
ORACLE CORP 2.4 9/15/2023 100.693 0.06%
AERCAP IRELAND CAP LTD/A 3.95 2/1/2022 103.75 0.06%
BOYD GAMING 08/16/23 Term Loan 100.448 0.06%
HEALTHCARE TRUST OF AMER 3.375 7/15/2021 102.85 0.06%
HARRAH'S 10/31/16 TERM LOAN 111.417 0.06%
DUN & BRADSTREET CORP 3.25 12/1/2017 101.334 0.06%
VOLT 2014-NPL9 A1 FRN 11/25/2054 100.111 0.06%
GSAA 2005-1 AF4 5.619 11/25/2034 103.819 0.06%
DDR CORP 3.5 1/15/2021 103.299 0.06%
FRESENIUS US FINANCE II 4.5 1/15/2023 106 0.06%
BAE SYSTEMS HOLDINGS INC 2.85 12/15/2020 102.089 0.06%
PolyOne 6/16 Cov 11/11/22 Term Loan 100.75 0.06%
BLUE RACER MID LLC/FINAN 6.125 11/15/2022 95 0.06%
ALLY FINANCIAL INC 3.25 11/5/2018 101.25 0.06%
APPLE INC 2.85 2/23/2023 104.803 0.06%
TOLL BROS FINANCE CORP 4.875 11/15/2025 104.75 0.06%
LINCOLN NATIONAL CORP 8.75 7/1/2019 116.955 0.06%
ENDO PHARMACEUTICALS 09/26/22 TERM LOAN 99.609 0.06%
HCP INC 3.75 2/1/2019 103.72 0.05%
SPECTRUM BRANDS 6/15 (USD) COV 06/23/22 TERM LOAN 100.609 0.05%
SRFC 2014-1A A 2.07 3/20/2030 99.4633 0.05%
CGCMT 2007-C6 A4 FRN 12/10/2049 102.203 0.05%
VERIZON COMMUNICATIONS 4.6 4/1/2021 111.703 0.05%
MICROSOFT CORP 2 8/8/2023 99.4572 0.05%
JPMMT 2004-A4 2A1 FRN 9/25/2034 101.433 0.05%
Emdeon 11/02/18 Term Loan 100 0.05%
SARM 2004-4 3A1 FRN 4/25/2034 98.658 0.05%
TOLL BROS FINANCE CORP 6.75 11/1/2019 113.5 0.05%
WFMBS 2004-K 2A12 3.095217 7/25/2034 103.923 0.05%
JPMCC 2006-LDP7 AM FRN 4/17/2045 99.8834 0.05%
BAMH 1998-1 B1 FRN 8/10/2025 102.419 0.05%
OMFIT 2015-1A A 3.19 3/18/2026 101.196 0.05%
BCRR 2009-1 2A1 FRN 7/17/2040 100.099 0.04%
WFMBS 2005-14 2A1 5.5 12/25/2035 103.954 0.04%
AMERICAN AXLE & MFG INC 5.125 2/15/2019 101.802 0.04%
ENBRIDGE ENERGY PARTNERS 4.375 10/15/2020 104.177 0.04%
MULTIPLA 06/07/23 TERM LOAN 101.021 0.04%
TENET HEALTHCARE CORP 6 10/1/2020 106.25 0.04%
KIMCO REALTY CORP 3.4 11/1/2022 104.726 0.04%
UNITED AIR LINES 09/15/2021 TERM LOAN 100.3 0.04%
FNR 2009-36 NA 5 6/25/2037 106.179 0.04%
SRFC 2012-2A B 3.42 3/20/2029 100.49 0.04%
AMERICAN CAMPUS CMNTYS 3.35 10/1/2020 103.465 0.04%
OWENS & MINOR INC 3.875 9/15/2021 103.012 0.04%
LEIDOS/ABACUS INNOV 06/09/2023 TERM LOAN 100.709 0.04%
LEIDOS/ABACUS INNOV 06/09/2023 TERM LOAN 100.709 0.04%
SRFC 2014-2A A 2.05 6/20/2031 100.031 0.04%
ESH HOSPITALIT 08/16/23 Term Loan 100.427 0.03%
MGM GROWTH/MGM FINANCE 5.625 5/1/2024 108.625 0.03%
APF 2015-A A 2.61 4/15/2020 99.8437 0.03%
COTY/GAL 10/27/22 TERM LOAN 100.708 0.03%
CHARTER COMM OPERATING 08/24/2021 TERM LOAN H 100.445 0.03%
DIAMOND 1 FIN/DIAMOND 2 5.45 6/15/2023 106.039 0.03%
ACTAVIS FUNDING SCS 3.45 3/15/2022 104.664 0.03%
ACTAVIS FUNDING SCS 3 3/12/2020 103.373 0.03%
GOVERNMENT PROPERTIES IN 3.75 8/15/2019 102.332 0.03%
SVLF 2012-D A 3 3/17/2025 100.051 0.03%
SIX FLAGS THEME PARK 06/30/22 TERM LOAN 100.667 0.03%
American Air 06/27/20 Term Loan 100.133 0.03%
ARES CAPITAL CORP 4.875 11/30/2018 104.661 0.03%
RASC 2004-KS2 AI6 FRN 3/25/2034 101.25 0.03%
CHARTER COMM OPERATING 01/24/2023 TERM LOAN I 100.639 0.03%
CSFB 2004-8 6A1 4.5 12/25/2019 100.857 0.03%
LINCOLN NATIONAL CORP FRN 4/20/2067 76.25 0.03%
QUINTILES TRANSNATIONAL 05/12/22 TERM LOAN 100.25 0.03%
WELLS FARGO & COMPANY 5.125 9/15/2016 100.169 0.03%
SPECTRUM BRANDS 6/15 (USD) COV 06/23/22 TERM LOAN 100.609 0.03%
BANK OF AMERICA CORP 5.49 3/15/2019 108.052 0.03%
HP ENTERPRISE CO 3.6 10/15/2020 104.364 0.03%
NEWELL BRANDS INC 3.15 4/1/2021 104.101 0.03%
NEW YORK LIFE GLOBAL FDG 1.95 2/11/2020 101.059 0.02%
TEVA PHARMACEUTICALS NE 2.8 7/21/2023 100.415 0.02%
ARISTOCRAT LEISUR 10/20/21 TERM LOAN 100.395 0.02%
Pinnacle Foods Financ 01/13/23 Term Loan 100.7 0.02%
TECK RESOURCES LIMITED 8 6/1/2021 109.25 0.02%
HILTON ESCROW LLC / CORP 4.25 9/1/2024 101.5 0.02%
MSC 2006-IQ12 A4 5.332 12/15/2043 99.9986 0.02%
TEXAS COMPETITIV 10/31/17 Term Loan 100.521 0.02%
VERIZON COMMUNICATIONS 3.65 9/14/2018 104.61 0.02%
DOMINION RESOURCES INC 2.962 7/1/2019 102.49 0.02%
OCCIDENTAL PETROLEUM COR 2.6 4/15/2022 102.12 0.02%
SIX FLAGS THEME PARK 06/30/22 TERM LOAN 100.667 0.02%
NEWELL BRANDS INC 3.85 4/1/2023 106.778 0.02%
MPT OPER PARTNERSP/FINL 6.375 2/15/2022 105.445 0.02%
AIRGAS INC 3.05 8/1/2020 103.476 0.02%
VALVOLINE INC 5.5 7/15/2024 105.25 0.02%
JPMORGAN CHASE & CO FRN PERPETUAL 12/29/2049 102.75 0.02%
WESTERN DIGITAL 04/29/23 TERM LOAN 100.709 0.01%
TOLL BROS FINANCE CORP 5.625 1/15/2024 108.25 0.01%
STANDARD INDUSTRIES INC 5.125 2/15/2021 106.125 0.01%
HOLLY ENERGY PARTNERS LP 6 8/1/2024 103.25 0.01%
CHS/COMMUNITY HEALTH SYS 5.125 8/15/2018 101.01 0.01%
SPECTRUM BRANDS 6/15 (USD) COV 06/23/22 TERM LOAN 100.609 0.01%
WFMBS 2003-G A1 2.89754 6/25/2033 100.465 0.01%
PolyOne 6/16 Cov 11/11/22 Term Loan 100.75 0.01%
EART 2013-2A B 3.09 7/16/2018 100.135 0.01%
Emdeon 11/02/18 Term Loan 100 0.00%
SPECTRUM BRANDS 6/15 (USD) COV 06/23/22 TERM LOAN 100.609 0.00%
HOSTESS BRANDS 7/15 COV 08/03/22 TERM LOAN 100.625 0.00%
CEQUEL/SUDDENLINK 12/14/22 TERM LOAN 100.604 0.00%
SABINE OIL & GAS CORP 7.25 6/15/2019 0.425 0.00%
SIX FLAGS THEME PARK 06/30/22 TERM LOAN 100.664 0.00%
100 -1.22%

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.