(MINC) NEWFLEET MULTI-SECTOR INCOME ETF
NAV as of 12/2/2022
$44.83
1 Day NAV Change as of 12/2/2022
$0.02
MINC
Overview
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.
| Symbol | Exchange | Inception Date | CUSIP | Indicative NAV |
|---|---|---|---|---|
| MINC | NYSE Arca | 3/19/2013 | 00768Y727 | MINC.NV |
<strong>Why Invest in MINC?</strong>
- 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.
<strong>Key Attributes</strong>
- 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.
- 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.
- Active Bond Sector Rotation – The Portfolio Manager actively seeks to strategically overweight undervalued bond sectors in an effort to add value to the portfolio.
- 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%.
- Professional Experience – The portfolio management team has over 70 years of combined investment experience. MINC is being carefully managed by seasoned investment professionals.
<strong>About the Portfolio Managers</strong>
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.
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.
Benjamin L. Caron, CFA, Senior Managing Director
In his current role, Mr. Caron is co-portfolio manager of, and assists in the management of, several fixed income portfolios at Newfleet Asset Management, an investment management affiliate of Virtus Investment Partners. Working with the CIO and senior portfolio manager, Mr. Caron contributes to multi-sector strategy and is responsible for strategy execution and portfolio monitoring across open-end funds, closed-end funds, ETFs, and offshore vehicles that the team manages. Prior to joining the Sub-Advisor in 2011, Mr. Caron was on the fixed income team at Goodwin Capital Advisers (the former Phoenix Investment Counsel).
Mr. Caron earned a B.A. from Syracuse University and an M.B.A. from Suffolk University. He is a CFA® (Chartered Financial Analyst®) charterholder. Mr. Caron began his career in the investment industry in 1997.
Fund
Price History
Fund Data
12/2/2022| NAV | $44.83 |
| Change | $0.02 |
| Shares Outstanding | 885,000 |
| Assets Under Management | $39,678,169.74 |
Market Data
12/2/2022| Closing Price | $44.8 |
| Close Change | $0.06 |
| Volume | 1,130 |
Regulatory Data
12/2/2022| Premium Discount | $-0.020 |
| 30-Day Median bid-ask Spread | 0.5 |
Premium/Discount Historical Data | NAV Historical Data | Daily Premium/Discount Historical Data
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.
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.
FUND
Performance
As of 9/30/2022
| NAV | Market Price Return | Bloomberg Capital Aggregate Bond Index | BofA Merrill Lynch 1-5 Year US Corp & Govt Bond Index | |
|---|---|---|---|---|
| 1 Month | -0.36 | -0.45 | -1.30 | -0.24 |
| 3 Months | -2.81 | -2.65 | -8.23 | -3.24 |
| YTD | -6.77 | -6.70 | -15.72 | -6.89 |
| 1 Year | -6.87 | -6.79 | -15.68 | -0.24 |
| 3 Years | -1.04 | -0.98 | -3.77 | -3.24 |
| 5 Years | 0.47 | 0.48 | -0.54 | 0.53 |
| Since Inception (3/19/2013, Annualized) | 1.25 | 1.25 | 0.79 | 0.87 |
As of 9/30/2022
| NAV | Market Price Return | Bloomberg Capital Aggregate Bond Index | BofA Merrill Lynch 1-5 Year US Corp & Govt Bond Index | |
|---|---|---|---|---|
| 1 Month | -2.00 | -1.85 | -4.32 | -1.85 |
| 3 Months | -1.51 | -1.40 | -4.75 | -2.20 |
| YTD | -6.44 | -6.28 | -14.61 | -6.67 |
| 1 Year | -6.82 | -6.90 | -14.60 | -7.31 |
| 3 Years | -0.79 | -0.71 | -3.26 | -0.90 |
| 5 Years | 0.57 | 0.60 | -0.27 | 0.57 |
| Since Inception (3/19/2013, Annualized) | 1.30 | 1.31 | 0.93 | 0.90 |
Performance data quoted represents past performance and is no guarantee of future results. All Fund data and performance data quoted is believed to be accurate, and unless otherwise stated, is sourced from the Fund administrator, the Advisor’s or Sub-Advisor’s proprietary data, and Morningstar. 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.
| Date | Account Symbol | Stock Ticker | Security Number | Security Description | Shares/Par (Full) | Price (Base) | Traded Market Value (Base) | Portfolio Weight % | Asset Group |
|---|---|---|---|---|---|---|---|---|---|
| 12/02/2022 | MINC | 91282CFN6 | US TREASURY N/B 4.25 9/30/2024 | 1,240,000.00 | 99.8 | 1,237,481.25 | 3.12% | TN | |
| 91282CCU3 | US TREASURY N/B 0.125 8/31/2023 | 1,105,000.00 | 96.72 | 1,068,737.38 | 2.69% | TN | |||
| 126407AA3 | CSMC 2021-NQM1 A1 FRN 5/25/2065 | 440,109.80 | 89.49 | 393,858.04 | 0.99% | MR | |||
| 48254CAL9 | KIND 2021-KDIP C FRN 12/15/2037 | 382,500.00 | 94.54 | 361,613.82 | 0.91% | MR | |||
| 92512BAB9 | VEROS 2021-1 B 1.49 10/15/2026 | 370,000.00 | 94.51 | 349,703.06 | 0.88% | MR | |||
| 91679LAB8 | UPST 2021-3 B 1.66 7/20/2031 | 345,000.00 | 93.5 | 322,583.52 | 0.81% | MR | |||
| 92837DAA5 | VISIO 2019-2 A1 FRN 11/25/2054 | 344,739.66 | 91.34 | 314,884.58 | 0.79% | MR | |||
| 90355EAB7 | USAUT 2021-1A B 1.49 3/17/2025 | 315,000.00 | 98.14 | 309,156.28 | 0.78% | MR | |||
| 37186XAE5 | GSFMT 2020-AA A 1.65 9/22/2025 | 315,000.00 | 97.8 | 308,054.60 | 0.78% | MR | |||
| 91824CAB2 | VFI 2022-1A B 3.04 7/24/2028 | 320,000.00 | 94.23 | 301,549.28 | 0.76% | MR | |||
| 80287FAB8 | SDART 2022-7 A2 5.81 1/15/2026 | 298,000.00 | 99.96 | 297,866.94 | 0.75% | MR | |||
| 00971AAA0 | AJAXM 2021-A A1 FRN 9/25/2065 | 338,294.12 | 87.67 | 296,592.27 | 0.75% | MR | |||
| 038413AB6 | AQFIT 2020-AA B 2.79 7/17/2046 | 335,000.00 | 88.35 | 295,968.75 | 0.75% | MR | |||
| 36167RAA1 | GCT 2021-GCT A FRN 2/15/2038 | 315,000.00 | 93.28 | 293,819.46 | 0.74% | MR | |||
| 65246PAC5 | NEWZ 2021-1 C FRN 5/25/2055 | 300,000.00 | 97.17 | 291,499.92 | 0.73% | MR | |||
| 85573GAA0 | STAR 2021-1 A1 FRN 5/25/2065 | 312,015.73 | 92.59 | 288,909.78 | 0.73% | MR | |||
| 257463AA7 | DFS 2021-RTL1 A1 STEP-CPN 7/25/2027 | 315,000.00 | 90.24 | 284,254.96 | 0.72% | MR | |||
| 62919TAC0 | NMEF 2021-A B 1.85 12/15/2027 | 290,000.00 | 95.61 | 277,277.21 | 0.70% | MR | |||
| 369604BQ5 | GENERAL ELECTRIC CO FRN 6/15/2171 | 285,000.00 | 96.84 | 275,984.28 | 0.70% | B | |||
| 92512VAB5 | VEROS 2022-1 B 4.39 8/16/2027 | 285,000.00 | 96.11 | 273,902.41 | 0.69% | MR | |||
| 61762MBW0 | MSBAM 2013-C10 A4 FRN 7/15/2046 | 275,000.00 | 98.98 | 272,187.80 | 0.69% | MR | |||
| 42806MAL3 | HERTZ 2022-1A C 2.63 6/25/2026 | 295,000.00 | 88.71 | 261,683.41 | 0.66% | MR | |||
| 62878YAA2 | BUNDT 2021-1 A2 2.989 7/30/2051 | 307,675.00 | 84.55 | 260,143.67 | 0.66% | MR | |||
| 74615JAA8 | PPWR 2021-A A 1.57 10/15/2025 | 265,000.00 | 97.59 | 258,623.17 | 0.65% | MR | |||
| 68377BAA5 | OPTN 2021-A A 1.21 3/8/2028 | 280,000.00 | 91.84 | 257,156.17 | 0.65% | MR | |||
| 00108XAB4 | AUTOC 2021-A B 1.79 4/15/2027 | 265,000.00 | 95.66 | 253,492.69 | 0.64% | MR | |||
| 12510KAG8 | CCG 2021-1 C 0.84 6/14/2027 | 270,000.00 | 92.91 | 250,868.53 | 0.63% | MR | |||
| 38138JAC7 | GLM 2021-9A A FRN 1/20/2033 | 250,000.00 | 97.78 | 244,449.61 | 0.62% | MR | |||
| 744320AM4 | PRUDENTIAL FINANCIAL INC 5.625 6/15/2043 | 244,000.00 | 99.07 | 241,719.82 | 0.61% | B | |||
| 32057JAE3 | FIAOT 2021-2A C 1.47 11/15/2027 | 260,000.00 | 92.18 | 239,655.42 | 0.60% | MR | |||
| 92939KAG3 | WFRBS 2014-C24 AS 3.931 11/15/2047 | 250,000.00 | 95.27 | 238,184.18 | 0.60% | MR | |||
| 12655KAE8 | CPS 2019-D E 3.86 10/15/2025 | 245,000.00 | 97.12 | 237,956.23 | 0.60% | MR | |||
| 05351KAA7 | AVCCT 2021-1A A 1.37 4/15/2027 | 260,000.00 | 91.13 | 236,929.47 | 0.60% | MR | |||
| 92538BAA1 | VERUS 2021-R1 A1 FRN 10/25/2063 | 268,978.00 | 87.58 | 235,560.66 | 0.59% | MR | |||
| 52605AAB3 | LDPT 2022-A B 2.41 6/15/2029 | 245,000.00 | 96.03 | 235,278.47 | 0.59% | MR | |||
| 48128BAG6 | JPMORGAN CHASE & CO 4.6 PERPETL 8/1/2171 | 262,000.00 | 88.89 | 232,900.70 | 0.59% | B | |||
| 14686GAD8 | CRVNA 2022-N1 C 3.32 12/11/2028 | 240,000.00 | 96.2 | 230,868.17 | 0.58% | MR | |||
| 85573MAA7 | STAR 2020-3 A1 FRN 4/25/2065 | 242,279.74 | 94.98 | 230,106.03 | 0.58% | MR | |||
| 045054AF0 | ASHTEAD CAPITAL INC 4.375 8/15/2027 | 245,000.00 | 93.72 | 229,612.10 | 0.58% | FB | |||
| 89616BAC8 | TAST 2022-1A C 4.71 8/15/2025 | 235,000.00 | 97.4 | 228,901.47 | 0.58% | MR | |||
| 26150TAE9 | DRAWBRIDGE SPEC OPPOR FU 3.875 2/15/2026 | 250,000.00 | 91.48 | 228,702.97 | 0.58% | B | |||
| 91680FAB8 | UPST 2021-2 B 1.75 6/20/2031 | 240,000.00 | 94.57 | 226,977.98 | 0.57% | MR | |||
| 14686XAG4 | CRVNA 2019-3A E 4.6 7/15/2026 | 235,000.00 | 95.66 | 224,810.96 | 0.57% | MR | |||
| 00834WAA9 | AFFRM 2022-A A 4.3 5/17/2027 | 235,000.00 | 94.94 | 223,103.17 | 0.56% | MR | |||
| 22534LAA0 | CAALT 2022-1A A 4.6 6/15/2032 | 230,000.00 | 96.93 | 222,941.19 | 0.56% | MR | |||
| 58940BAA4 | MFCC 2021-1A A 1.54 3/20/2026 | 230,000.00 | 94.95 | 218,383.05 | 0.55% | MR | |||
| 52607KAA1 | LBZZ 2022-1A A 4.22 5/17/2027 | 221,669.86 | 96.02 | 212,841.53 | 0.54% | MR | |||
| 08861YAA4 | BHG 2021-A A 1.42 11/17/2033 | 228,902.79 | 92.87 | 212,572.55 | 0.54% | MR | |||
| 92837UAA7 | VISIO 2021-1R A1 1.28 5/25/2056 | 230,747.18 | 91.74 | 211,694.69 | 0.53% | MR | |||
| 12510FAC8 | CCG 2019-2 B 2.55 3/15/2027 | 210,000.00 | 98.76 | 207,400.83 | 0.52% | MR | |||
| 62917JAA8 | NLT 2021-INV2 A1 FRN 8/25/2056 | 261,525.86 | 79.25 | 207,251.24 | 0.52% | MR | |||
| 70410DAD0 | PWNE 2022-1 B 5.4 7/17/2028 | 210,000.00 | 97.35 | 204,430.93 | 0.52% | MR | |||
| 836205AR5 | REPUBLIC OF SOUTH AFRICA 5.875 9/16/2025 | 200,000.00 | 100.33 | 200,666.00 | 0.51% | FB | |||
| 33767WAG8 | FKH 2021-SFR1 D 2.189 8/17/2038 | 240,000.00 | 83.41 | 200,174.69 | 0.50% | MR | |||
| 68504UAB7 | ONGLT 2019-A B 3.36 4/9/2038 | 212,417.20 | 94.22 | 200,129.48 | 0.50% | MR | |||
| 126401AA6 | CSMC 2020-NQM1 A1 STEP-CPN 5/25/2065 | 218,088.15 | 91.26 | 199,034.62 | 0.50% | MR | |||
| 05377RFV1 | AESOP 2022-5A A 6.12 4/20/2027 | 197,000.00 | 100.97 | 198,904.99 | 0.50% | MR | |||
| 92538FAA2 | VERUS 2021-2 A1 FRN 2/25/2066 | 238,032.59 | 83.44 | 198,618.66 | 0.50% | MR | |||
| 01166VAA7 | ALASKA AIRLINES 2020 TR 4.8 8/15/2027 | 206,589.74 | 95.83 | 197,968.55 | 0.50% | B | |||
| 63942EAA6 | NAVSL 2021-EA A 0.97 12/16/2069 | 236,988.16 | 83.11 | 196,959.01 | 0.50% | MR | |||
| 74727PBC4 | STATE OF QATAR 3.4 4/16/2025 | 200,000.00 | 97.83 | 195,650.00 | 0.49% | FB | |||
| 43283BAB9 | HGVT 2022-1D B 4.1 6/20/2034 | 202,874.48 | 95.45 | 193,636.63 | 0.49% | MR | |||
| 501895AA4 | LHOME 2021-RTL2 A1 STEP-CPN 6/25/2026 | 205,000.00 | 93.99 | 192,686.65 | 0.49% | MR | |||
| 64829HAA5 | NRZT 2016-3A A1 FRN 9/25/2056 | 207,670.80 | 92.51 | 192,111.63 | 0.48% | MR | |||
| 00091QAB8 | ACMAT 2022-1A B 4.47 4/20/2029 | 190,000.00 | 99.17 | 188,425.47 | 0.47% | MR | |||
| 446413AZ9 | HUNTINGTON INGALLS INDUS 2.043 8/16/2028 | 221,000.00 | 83.78 | 185,164.27 | 0.47% | B | |||
| 36265NAE3 | GCAR 2022-2A D 6.15 4/17/2028 | 190,000.00 | 96.3 | 182,965.19 | 0.46% | MR | |||
| 25714PEP9 | DOMINICAN REPUBLIC 5.5 2/22/2029 | 195,000.00 | 93.12 | 181,593.63 | 0.46% | FB | |||
| 05526DBR5 | BAT CAPITAL CORP 2.259 3/25/2028 | 215,000.00 | 84.09 | 180,799.09 | 0.46% | FB | |||
| 35105JAD0 | FCRT 2022-1 B 2.15 5/17/2027 | 195,000.00 | 92.65 | 180,672.02 | 0.46% | MR | |||
| BL4040236 00001 | GO 10/21/29 TERM LOAN | 180,526.38 | 99.86 | 180,279.06 | 0.45% | TL | |||
| 29252VAC9 | ENCA 2022-1A B 5.15 1/16/2029 | 185,000.00 | 97.39 | 180,178.33 | 0.45% | MR | |||
| 05565QDV7 | BP CAPITAL MARKETS PLC 4.875 PERPETL 12/22/2170 | 205,000.00 | 87.81 | 180,015.63 | 0.45% | FB | |||
| 11042CAA8 | BRITISH AIR 21-1 A PPT 2.9 3/15/2035 | 213,434.12 | 83.29 | 177,769.53 | 0.45% | FB | |||
| 55037AAA6 | AKER BP ASA 2 7/15/2026 | 200,000.00 | 88.7 | 177,404.55 | 0.45% | FB | |||
| 08862BAB1 | BHG 2021-B B 1.67 10/17/2034 | 210,000.00 | 84.4 | 177,245.33 | 0.45% | MR | |||
| 62920KAC6 | NMEF 2022-A B 3.35 10/16/2028 | 195,000.00 | 90.81 | 177,080.63 | 0.45% | MR | |||
| 78392BAB3 | SK HYNIX INC 1.5 1/19/2026 | 200,000.00 | 87.02 | 174,030.51 | 0.44% | FB | |||
| 552757AA4 | MFRA 2020-NQM3 A1 FRN 1/26/2065 | 185,895.16 | 91.98 | 170,977.50 | 0.43% | MR | |||
| 19688BAA2 | COLT 2021-1R A1 FRN 5/25/2065 | 205,944.08 | 82.29 | 169,477.07 | 0.43% | MR | |||
| 92556VAC0 | VIATRIS INC 2.3 6/22/2027 | 195,000.00 | 86.57 | 168,819.92 | 0.43% | B | |||
| 94946DAB7 | WLKRG 2019-AA B 2.99 6/15/2038 | 173,900.05 | 96.12 | 167,149.87 | 0.42% | MR | |||
| 12529KAA0 | CFMT 2021-GRN1 A 1.1 3/20/2041 | 180,941.93 | 92.32 | 167,039.94 | 0.42% | MR | |||
| 71654QCG5 | PETROLEOS MEXICANOS 6.5 3/13/2027 | 180,000.00 | 91.9 | 165,427.67 | 0.42% | FB | |||
| 172967MB4 | CITIGROUP INC FRN 7/1/2026 | 165,000.00 | 98.81 | 163,028.93 | 0.41% | B | |||
| 35041LAA8 | FFIN 2021-1A A 1.27 5/15/2041 | 181,101.20 | 89.66 | 162,371.57 | 0.41% | MR | |||
| 29250NBN4 | ENBRIDGE INC 7.375 1/15/2083 | 165,000.00 | 97.44 | 160,780.51 | 0.41% | FB | |||
| 17288XAB0 | CITADEL LP 4.875 1/15/2027 | 170,000.00 | 94.2 | 160,136.80 | 0.40% | B | |||
| 85208NAD2 | SPRINT SPECTRUM / SPEC I 4.738 3/20/2025 | 162,500.40 | 98.28 | 159,712.92 | 0.40% | B | |||
| 30251GBD8 | FMG RESOURCES AUG 2006 5.875 4/15/2030 | 165,000.00 | 94.26 | 155,532.13 | 0.39% | FB | |||
| 14686UAF2 | CRVNA 2019-2A D 3.28 1/15/2025 | 156,246.20 | 99.09 | 154,818.77 | 0.39% | MR | |||
| 459506AP6 | INTL FLAVOR & FRAGRANCES 1.832 10/15/2027 | 183,000.00 | 84.3 | 154,267.70 | 0.39% | B | |||
| 53079EBM5 | LIBERTY MUTUAL GROUP INC 4.125 12/15/2051 | 190,000.00 | 80.63 | 153,199.85 | 0.39% | B | |||
| 91824WAA0 | VCAT 2021-NPL6 A1 STEP-CPN 9/25/2051 | 168,018.59 | 90.59 | 152,202.51 | 0.38% | MR | |||
| 68377XAA7 | OPTN 2022-1 A 3.25 6/15/2029 | 154,962.70 | 97.71 | 151,408.82 | 0.38% | MR | |||
| 913903AX8 | UNIVERSAL HEALTH SVCS 1.65 9/1/2026 | 175,000.00 | 86.49 | 151,359.64 | 0.38% | B | |||
| 165167DF1 | CHESAPEAKE ENERGY CORP 5.5 2/1/2026 | 155,000.00 | 97.61 | 151,297.97 | 0.38% | B | |||
| 11271LAC6 | BROOKFIELD FINANCE INC 3.9 1/25/2028 | 160,000.00 | 93.81 | 150,088.95 | 0.38% | FB | |||
| 00439KAA4 | AALLC 2021-1H A 1.35 10/20/2040 | 165,068.56 | 90.65 | 149,630.47 | 0.38% | MR | |||
| 505742AM8 | LADDER CAP FIN LLLP/CORP 4.25 2/1/2027 | 170,000.00 | 87.63 | 148,973.55 | 0.38% | B | |||
| 361841AJ8 | GLP CAPITAL LP / FIN II 5.25 6/1/2025 | 150,000.00 | 98.33 | 147,501.25 | 0.37% | B | |||
| 36166VAE5 | GCI 2021-1 A 2.38 6/18/2046 | 171,253.65 | 85.56 | 146,531.01 | 0.37% | MR | |||
| 23343RAE8 | DTAOT 2020-2A C 3.28 3/16/2026 | 147,236.17 | 98.89 | 145,603.26 | 0.37% | MR | |||
| BL4042729 00001 | INEOS US FINANCE 11/03/27 Term Loan | 147,018.56 | 98.84 | 145,311.67 | 0.37% | TL | |||
| 12434KAA4 | BXGNT 2022-A A 4.12 9/28/2037 | 152,162.21 | 95.16 | 144,795.76 | 0.36% | MR | |||
| 96034JAB2 | WESTR 2022-1A B 2.288 8/20/2036 | 150,563.40 | 93.92 | 141,404.64 | 0.36% | MR | |||
| 64831EAA8 | NRZT 2021-NQ2R A1 FRN 10/25/2058 | 161,495.79 | 87.33 | 141,036.84 | 0.36% | MR | |||
| 69701YAA0 | PSTAT 2021-1A A1 FRN 4/20/2029 | 142,108.53 | 98.77 | 140,357.41 | 0.35% | MR | |||
| 92837DAB3 | VISIO 2019-2 A2 FRN 11/25/2054 | 152,514.79 | 91.36 | 139,335.77 | 0.35% | MR | |||
| 64829LAA6 | NRZT 2016-4A A1 FRN 11/25/2056 | 149,813.44 | 92.33 | 138,323.18 | 0.35% | MR | |||
| 63938CAB4 | NAVIENT CORP 5.875 10/25/2024 | 140,000.00 | 98.35 | 137,694.20 | 0.35% | B | |||
| 33844TAE7 | FCAT 2020-3 C 1.73 9/15/2026 | 145,000.00 | 94.89 | 137,596.82 | 0.35% | MR | |||
| 58940BAE6 | MFCC 2022-1A A 2.5 9/21/2026 | 145,000.00 | 94.76 | 137,407.77 | 0.35% | MR | |||
| 20049AAE8 | COMM 2020-CBM B 3.099 2/10/2037 | 150,000.00 | 91.02 | 136,523.67 | 0.34% | MR | |||
| 46647PCY0 | JPMORGAN CHASE & CO FRN 2/24/2028 | 140,000.00 | 96.74 | 135,439.71 | 0.34% | B | |||
| 35633KAC0 | FREED 2022-1FP C 2.51 3/19/2029 | 145,000.00 | 93.27 | 135,245.31 | 0.34% | MR | |||
| 00774MAW5 | AERCAP IRELAND CAP/GLOBA 3 10/29/2028 | 155,000.00 | 85.36 | 132,314.91 | 0.33% | FB | |||
| 073096AA7 | BAYPORT POLYMERS LLC 4.743 4/14/2027 | 140,000.00 | 94.25 | 131,945.51 | 0.33% | B | |||
| 842587DJ3 | SOUTHERN CO 3.75 9/15/2051 | 164,000.00 | 80.22 | 131,567.82 | 0.33% | B | |||
| 527298BR3 | LEVEL 3 FINANCING INC 4.25 7/1/2028 | 165,000.00 | 79.68 | 131,466.92 | 0.33% | B | |||
| 46641YAN3 | JPMMT 2014-2 AM FRN 6/25/2029 | 140,970.04 | 93.01 | 131,110.89 | 0.33% | MR | |||
| 78081BAJ2 | ROYALTY PHARMA PLC 1.75 9/2/2027 | 153,000.00 | 85.54 | 130,873.97 | 0.33% | B | |||
| 534187BP3 | LINCOLN NATIONAL CORP FRN 4/20/2067 | 180,000.00 | 72.42 | 130,357.35 | 0.33% | B | |||
| 40439HAC3 | HINTT 2020-A C 3.42 10/9/2039 | 141,884.38 | 91.84 | 130,312.91 | 0.33% | MR | |||
| 745310AM4 | PUGET ENERGY INC 2.379 6/15/2028 | 151,000.00 | 86.07 | 129,968.36 | 0.33% | B | |||
| 04285CAL5 | ARRW 2020-1 A1B 2.1 3/25/2055 | 141,014.25 | 92.09 | 129,853.52 | 0.33% | MR | |||
| 14686KAD9 | CRVNA 2021-N2 C 1.07 3/10/2028 | 139,788.13 | 92.46 | 129,251.54 | 0.33% | MR | |||
| 82650TAC1 | SRFC 2022-2A C 6.36 6/20/2040 | 131,822.13 | 97.89 | 129,041.30 | 0.33% | MR | |||
| 31573WAA9 | EFMT 2020-2 A1 FRN 10/25/2065 | 142,186.40 | 89.15 | 126,754.61 | 0.32% | MR | |||
| 38141GVX9 | GOLDMAN SACHS GROUP INC FRN 10/28/2027 | 125,000.00 | 101.11 | 126,383.21 | 0.32% | B | |||
| 22535KAC7 | CAALT 2019-3A B 2.86 1/16/2029 | 122,676.81 | 99.72 | 122,338.38 | 0.31% | MR | |||
| 29365BAA1 | ENTEGRIS ESCROW CORP 4.75 4/15/2029 | 130,000.00 | 92.16 | 119,808.34 | 0.30% | B | |||
| 88224QAA5 | TEXAS CAPITAL BANCSHARES 4 5/6/2031 | 135,000.00 | 88.12 | 118,967.82 | 0.30% | B | |||
| 19688DAA8 | COLT 2021-3R A1 FRN 12/25/2064 | 140,332.73 | 83.56 | 117,256.37 | 0.30% | MR | |||
| 04047AAA2 | ARIVO 2021-1A A 1.19 1/15/2027 | 119,800.31 | 96.38 | 115,467.48 | 0.29% | MR | |||
| 12657LAA2 | CSMC 2021-AFC1 A1 FRN 3/25/2056 | 146,257.49 | 78.46 | 114,751.15 | 0.29% | MR | |||
| BL3835321 00001 | ZODIAC POOL (FLUIDRA) 01/21/29 TERM LOAN | 118,763.44 | 96.2 | 114,250.43 | 0.29% | TL | |||
| 62912XAF1 | NGPL PIPECO LLC 4.875 8/15/2027 | 118,000.00 | 95.81 | 113,057.30 | 0.28% | B | |||
| 05584AAA8 | HGVGI 2017-1A A 2.94 5/25/2029 | 116,060.01 | 96.34 | 111,807.39 | 0.28% | MR | |||
| 025816DB2 | AMERICAN EXPRESS CO 5.85 11/5/2027 | 107,000.00 | 104.48 | 111,793.73 | 0.28% | B | |||
| 59980CAF0 | MCMLT 2017-3 M2 FRN 1/25/2061 | 123,123.33 | 90.61 | 111,556.64 | 0.28% | MR | |||
| 89178YAB0 | TPMT 2020-MH1 A2 FRN 2/25/2060 | 130,000.00 | 85.24 | 110,812.46 | 0.28% | MR | |||
| 44106MAS1 | SERVICE PROPERTIES TRUST 4.65 3/15/2024 | 115,000.00 | 96.21 | 110,643.05 | 0.28% | B | |||
| 76132FAA5 | RETAIL OPPORTUNITY IN 5 12/15/2023 | 111,000.00 | 98.8 | 109,672.30 | 0.28% | B | |||
| BL3585918 00001 | ARAMARK SERVICES INC 04/06/28 TERM LOAN | 109,607.20 | 98.67 | 108,154.90 | 0.27% | TL | |||
| 067316AF6 | BACARDI LTD 4.7 5/15/2028 | 110,000.00 | 96.4 | 106,045.49 | 0.27% | FB | |||
| 91682CAA5 | UPSPT 2021-ST2 A 2.5 4/20/2027 | 111,698.38 | 94.25 | 105,275.78 | 0.27% | MR | |||
| 36258HAG0 | GCAR 2019-4A D 4.09 8/17/2026 | 110,000.00 | 95.53 | 105,084.39 | 0.26% | MR | |||
| 33767BAD1 | FIRSTENERGY TRANSMISSION 2.866 9/15/2028 | 119,000.00 | 88.01 | 104,728.95 | 0.26% | B | |||
| 17322GAA7 | CMLTI 2014-A A FRN 1/25/2035 | 110,293.42 | 93.83 | 103,487.61 | 0.26% | MR | |||
| 03938LBE3 | ARCELORMITTAL SA 6.55 11/29/2027 | 100,000.00 | 101.73 | 101,725.92 | 0.26% | FB | |||
| 38141GWB6 | GOLDMAN SACHS GROUP INC 3.85 1/26/2027 | 105,000.00 | 96.48 | 101,302.38 | 0.26% | B | |||
| 36267VAC7 | GE HEALTHCARE HLDG LLC 5.6 11/15/2025 | 100,000.00 | 101.25 | 101,247.55 | 0.26% | B | |||
| 30321L2A9 | F&G GLOBAL FUNDING 1.75 6/30/2026 | 113,000.00 | 89.59 | 101,236.56 | 0.26% | B | |||
| 29273RBK4 | ENERGY TRANSFER LP 4.2 4/15/2027 | 105,000.00 | 95.33 | 100,098.90 | 0.25% | B | |||
| 21871XAN9 | COREBRIDGE FINANCIAL INC 6.875 12/15/2052 | 107,000.00 | 93.53 | 100,080.54 | 0.25% | B | |||
| 89172RAC9 | TPMT 2015-6 M1 FRN 4/25/2055 | 100,000.00 | 96.95 | 96,945.54 | 0.24% | MR | |||
| 53934QAA0 | REACH 2021-1A A 1.07 5/15/2029 | 100,119.66 | 95.88 | 95,994.21 | 0.24% | MR | |||
| BL3545938 00001 | CITADEL SECURITIES 02/02/2028 TERM LOAN | 96,992.85 | 98.66 | 95,689.75 | 0.24% | TL | |||
| 66977WAP4 | NOVA CHEMICALS CORP 5 5/1/2025 | 100,000.00 | 94.77 | 94,769.95 | 0.24% | FB | |||
| 64829DAG1 | NRZT 2014-3A AFX3 FRN 11/25/2054 | 101,068.41 | 92.97 | 93,960.22 | 0.24% | MR | |||
| 808513BJ3 | CHARLES SCHWAB CORP 4 PERPETL 3/1/2171 | 115,000.00 | 81.63 | 93,868.75 | 0.24% | B | |||
| 827048AX7 | SILGAN HOLDINGS INC 1.4 4/1/2026 | 106,000.00 | 87.91 | 93,182.19 | 0.23% | B | |||
| 84861TAC2 | SPIRIT REALTY LP 4.45 9/15/2026 | 96,429.00 | 96.46 | 93,017.44 | 0.23% | B | |||
| 12662EAA1 | CSMC 2021-NQM2 A1 FRN 2/25/2066 | 109,791.89 | 84.59 | 92,870.05 | 0.23% | MR | |||
| 05591QAA4 | BPR 2021-KEN A FRN 2/15/2029 | 95,000.00 | 97.18 | 92,325.36 | 0.23% | MR | |||
| 629377CK6 | NRG ENERGY INC 3.75 6/15/2024 | 95,000.00 | 96.62 | 91,789.20 | 0.23% | B | |||
| BL2828715 00001 | Select Medical Corp 03/06/25 Term Loan | 90,000.00 | 98.88 | 88,987.95 | 0.22% | TL | |||
| 50155QAJ9 | KYNDRYL HOLDINGS INC 2.05 10/15/2026 | 108,000.00 | 82.28 | 88,857.18 | 0.22% | B | |||
| BL3638386 00001 | QUIKRETE HOLDINGS INC 06/11/28 TERM LOAN | 89,550.00 | 98.91 | 88,573.91 | 0.22% | TL | |||
| 038370AA0 | AQFIT 2019-A A 3.14 7/16/2040 | 93,785.36 | 94.22 | 88,360.06 | 0.22% | MR | |||
| 06051GJS9 | BANK OF AMERICA CORP 1.734 7/22/2027 | 100,000.00 | 88.2 | 88,199.02 | 0.22% | B | |||
| 12513GBG3 | CDW LLC/CDW FINANCE 2.67 12/1/2026 | 98,000.00 | 89.98 | 88,184.70 | 0.22% | B | |||
| BL3904531 00001 | CPG INTERNATIONAL (AZEK) 04/20/29 TERM LOAN | 90,000.00 | 97.79 | 88,012.80 | 0.22% | TL | |||
| BL2526673 00001 | CAESARS RESORT COLLECTION 12/23/2024 TERM LOAN | 86,437.86 | 99.73 | 86,204.04 | 0.22% | TL | |||
| 12567NAA7 | CIM 2022-R2 A1 FRN 12/25/2061 | 91,165.68 | 94.47 | 86,125.57 | 0.22% | MR | |||
| 25216AAA2 | DEXT 2020-1 A 1.46 2/16/2027 | 86,900.82 | 98.47 | 85,572.48 | 0.22% | MR | |||
| BL3674597 00001 | DIRECTV FINANCING 07/22/27 Term Loan | 88,439.90 | 96.27 | 85,138.44 | 0.21% | TL | |||
| 15089QAL8 | CELANESE US HOLDINGS LLC 6.05 3/15/2025 | 85,000.00 | 99.87 | 84,890.39 | 0.21% | B | |||
| BL3014968 00001 | HILTON 06/22/26 TERM LOAN | 85,000.00 | 99.62 | 84,674.45 | 0.21% | TL | |||
| BL3111475 00001 | NCR CORP 08/28/26 Term Loan | 86,126.91 | 97.25 | 83,758.42 | 0.21% | TL | |||
| 12513GBH1 | CDW LLC/CDW FINANCE 3.276 12/1/2028 | 98,000.00 | 85.42 | 83,709.15 | 0.21% | B | |||
| 05606XAA2 | BXGNT 2015-A A 2.88 5/2/2030 | 85,436.73 | 97.63 | 83,407.73 | 0.21% | MR | |||
| 23345MAA5 | DT MIDSTREAM INC 4.125 6/15/2029 | 95,000.00 | 87.72 | 83,337.80 | 0.21% | B | |||
| BL3392828 00001 | MILEAGE PLUS 06/21/27 TERM LOAN | 80,750.00 | 103.03 | 83,200.76 | 0.21% | TL | |||
| BL3748821 00001 | SBA FINANCE 04/11/25 TERM LOAN | 82,666.67 | 99.61 | 82,342.62 | 0.21% | TL | |||
| 67623CAD1 | OFFICE PPTY INCOME TRST 2.65 6/15/2026 | 105,000.00 | 78.28 | 82,196.53 | 0.21% | B | |||
| 68389XCF0 | ORACLE CORP 5.8 11/10/2025 | 80,000.00 | 102.63 | 82,103.80 | 0.21% | B | |||
| 46644XAC6 | JPMMT 2015-5 A2 FRN 5/25/2045 | 85,106.34 | 96.44 | 82,079.21 | 0.21% | MR | |||
| 50155QAK6 | KYNDRYL HOLDINGS INC 2.7 10/15/2028 | 105,000.00 | 76.41 | 80,228.03 | 0.20% | B | |||
| 24703TAE6 | DELL INT LLC / EMC CORP 4.9 10/1/2026 | 80,000.00 | 99.57 | 79,653.78 | 0.20% | B | |||
| 26884UAE9 | EPR PROPERTIES 4.95 4/15/2028 | 90,000.00 | 87.37 | 78,634.10 | 0.20% | B | |||
| BL3562446 00001 | Berry Plastics 3/21 (USD) Cov-L 07/01/26 Term Loan | 79,376.53 | 98.94 | 78,533.15 | 0.20% | TL | |||
| 83406QAA6 | SCLP 2022-1S A 6.21 4/15/2031 | 78,000.00 | 99.97 | 77,974.95 | 0.20% | MR | |||
| 252722AB9 | DROT 2019-1A B 3.53 2/20/2032 | 79,472.75 | 97.29 | 77,321.10 | 0.19% | MR | |||
| 89180DAC0 | TPHT 2021-HE1 M1 FRN 2/25/2063 | 81,395.67 | 93.97 | 76,485.04 | 0.19% | MR | |||
| BL3208776 00002 | Vistra (TXU/TCEH) 6/18 Cov-Lite 12/31/25 Term Loan | 75,574.76 | 99.38 | 75,102.42 | 0.19% | TL | |||
| 22551EAA4 | CRUSA 2021-1A A 1.35 2/16/2027 | 76,751.69 | 97.5 | 74,831.26 | 0.19% | MR | |||
| 56847MAA8 | MFIT 2019-AA A 2.96 7/20/2032 | 75,825.07 | 98.52 | 74,700.92 | 0.19% | MR | |||
| 09261HAD9 | BLACKSTONE PRIVATE CRE 2.625 12/15/2026 | 86,000.00 | 86.12 | 74,066.36 | 0.19% | B | |||
| BL3712215 00001 | ORYX MIDSTREAM S 09/30/28 09/30/28 TERM LOAN | 74,036.96 | 98.99 | 73,290.67 | 0.18% | TL | |||
| 15239XAA6 | CNTL AMR BOTTLING CORP 5.25 4/27/2029 | 80,000.00 | 91.28 | 73,024.00 | 0.18% | FB | |||
| 90353QAB2 | USAUT 2020-1A B 3.22 5/15/2024 | 73,089.56 | 99.6 | 72,795.31 | 0.18% | MR | |||
| 92564RAG0 | VICI PROPERTIES / NOTE 4.625 6/15/2025 | 75,000.00 | 96.57 | 72,424.34 | 0.18% | B | |||
| 69357QAA4 | PRPM 2021-RPL2 A1 FRN 10/25/2051 | 79,839.09 | 89.33 | 71,320.83 | 0.18% | MR | |||
| 896945AA0 | TRIPADVISOR INC 7 7/15/2025 | 70,000.00 | 99.17 | 69,420.18 | 0.17% | B | |||
| 03464LAA4 | AOMT 2020-4 A1 FRN 6/25/2065 | 76,110.45 | 90.78 | 69,089.40 | 0.17% | MR | |||
| BL2870022 00001 | NEXSTAR BROADCAS 09/18/2026 | 68,652.19 | 99.48 | 68,291.77 | 0.17% | TL | |||
| 92259LAB4 | VCC 2020-1 AFX FRN 2/25/2050 | 73,101.92 | 92.91 | 67,918.06 | 0.17% | MR | |||
| 62955VAA4 | NYMT 2022-CP1 A1 2.0424 7/25/2061 | 75,588.80 | 89.72 | 67,816.12 | 0.17% | MR | |||
| BL3292630 00001 | TRANSDIGM INC 05/30/25 Term Loan | 68,511.39 | 98.92 | 67,773.18 | 0.17% | TL | |||
| 86964WAL6 | SUZANO AUSTRIA GMBH 2.5 9/15/2028 | 80,000.00 | 84.18 | 67,344.00 | 0.17% | FB | |||
| 06051GHB8 | BANK OF AMERICA CORP FRN 2/5/2026 | 68,000.00 | 98.38 | 66,895.64 | 0.17% | B | |||
| 19685WAB7 | COLT 2021-2 A2 FRN 8/25/2066 | 82,448.71 | 80.85 | 66,661.37 | 0.17% | MR | |||
| 46641YAJ2 | JPMMT 2014-2 2A2 FRN 6/25/2029 | 70,849.52 | 93.88 | 66,511.03 | 0.17% | MR | |||
| 69120VAL5 | OWL ROCK CORE INCOME COR 5.5 3/21/2025 | 68,000.00 | 97.78 | 66,491.53 | 0.17% | B | |||
| 85573JAB2 | STAR 2021-3 A2 FRN 6/25/2056 | 82,081.05 | 80.74 | 66,275.74 | 0.17% | MR | |||
| BL3196914 00001 | Charter Comm Operating 10/19 02/01/27 Term Loan | 67,232.59 | 97.95 | 65,851.97 | 0.17% | TL | |||
| 31574XAB4 | EFMT 2021-1 A2 FRN 2/25/2066 | 81,654.84 | 78.33 | 63,960.08 | 0.16% | MR | |||
| BL3705896 00001 | CCC INTELLIGENT SOLUTIONS 09/15/28 Term Loan | 64,313.13 | 98.85 | 63,573.53 | 0.16% | TL | |||
| 06051GKJ7 | BANK OF AMERICA CORP 2.551 2/4/2028 | 68,000.00 | 89.86 | 61,105.87 | 0.15% | B | |||
| BL3447317 00001 | SKYMILES IP LTD 09/16/27 TERM LOAN | 60,000.00 | 101.72 | 61,031.40 | 0.15% | TL | |||
| 20268BAA8 | CBSLT 2020-1 A 1.69 10/25/2051 | 68,849.15 | 88.54 | 60,957.34 | 0.15% | MR | |||
| BL3684588 00001 | Avolon TLB Borrower 1 (US) LLC 12/01/27 Term Loan | 60,779.25 | 99.52 | 60,489.64 | 0.15% | TL | |||
| 83405DAC2 | SOFI 2017-C A2B 2.63 7/25/2040 | 61,295.53 | 98.01 | 60,072.95 | 0.15% | MR | |||
| BL3683986 00001 | STANDARD INDUSTRIES INC 08/06/28 Term Loan | 58,678.66 | 99.06 | 58,128.55 | 0.15% | TL | |||
| BL2823567 00001 | AGILITI HEALT 01/04/26 TERM LOAN | 59,384.62 | 97.69 | 58,011.35 | 0.15% | TL | |||
| 857477BY8 | STATE STREET CORP 5.82 11/4/2028 | 55,000.00 | 104.08 | 57,243.99 | 0.14% | B | |||
| 03465BAA5 | AOMT 2020-SBC1 A1 FRN 5/25/2050 | 57,871.75 | 95.26 | 55,125.76 | 0.14% | MR | |||
| 949803AA8 | WFMBS 2004-U A1 FRN 10/25/2034 | 56,650.28 | 93.23 | 52,812.35 | 0.13% | MR | |||
| 30166EAG1 | EART 2018-4A D 4.35 9/16/2024 | 52,713.14 | 99.54 | 52,468.83 | 0.13% | MR | |||
| BL3128180 00001 | ELANCO 08/01/27 TERM LOAN | 53,175.64 | 96.93 | 51,542.88 | 0.13% | TL | |||
| 857477BX0 | STATE STREET CORP 5.751 11/4/2026 | 50,000.00 | 102.5 | 51,251.63 | 0.13% | B | |||
| 042858AA8 | ARRW 2019-2 A1 FRN 4/25/2049 | 53,964.64 | 93.22 | 50,305.17 | 0.13% | MR | |||
| 67422AAA4 | OASIS 2021-1A A 2.5792 2/15/2033 | 50,057.65 | 98.39 | 49,251.59 | 0.12% | MR | |||
| BL3898659 00001 | SCIENTIFIC GAMES 04/07/29 TERM LOAN | 49,875.00 | 98.66 | 49,206.92 | 0.12% | TL | |||
| 78432BAA7 | SGR 2019-3 A1 FRN 9/25/2059 | 49,733.78 | 96.07 | 47,778.29 | 0.12% | MR | |||
| 76119CAA9 | RMLT 2020-1 A1 FRN 1/26/2060 | 50,971.36 | 93.61 | 47,714.14 | 0.12% | MR | |||
| 24906PAA7 | DENTSPLY SIRONA INC 3.25 6/1/2030 | 55,000.00 | 84.38 | 46,406.38 | 0.12% | B | |||
| 452327AP4 | ILLUMINA INC 5.75 12/13/2027 | 45,000.00 | 101.43 | 45,644.06 | 0.12% | B | |||
| BL3550276 00001 | RESIDEO FUNDING INC 02/11/28 TERM LOAN | 45,838.27 | 99.12 | 45,437.18 | 0.11% | TL | |||
| 81618TAC4 | OFFICE PPTY INCOME TRST 4.5 2/1/2025 | 50,000.00 | 90.79 | 45,393.75 | 0.11% | B | |||
| BL3535632 00001 | PIKE CORP 01/21/28 TERM LOAN | 45,479.45 | 98.33 | 44,721.31 | 0.11% | TL | |||
| 94981VAB3 | WFMBS 2004-K 1A2 FRN 7/25/2034 | 43,668.80 | 102.08 | 44,576.11 | 0.11% | MR | |||
| BL3604461 00001 | SIGNATURE AVIATION (BROWN GROUP 06/07/28 TERM LOAN | 44,413.46 | 98.21 | 43,620.46 | 0.11% | TL | |||
| BL3165380 00004 | HOSTESS BRANDS L 08/03/25 | 43,722.35 | 99.63 | 43,560.80 | 0.11% | TL | |||
| BL3770668 00001 | NORTH AMERICAN BANCARD 11/17/28 TERM LOAN | 44,275.25 | 97.58 | 43,205.34 | 0.11% | TL | |||
| BL3544857 00001 | UFC HOLDINGS LLC 04/29/26 TERM LOAN | 43,587.59 | 98.92 | 43,117.72 | 0.11% | TL | |||
| BL3776806 00001 | ULTIMATE SOFTWARE (UKG) 05/04/26 TERM LOAN | 44,550.69 | 96.73 | 43,093.44 | 0.11% | TL | |||
| 09261HAR8 | BLACKSTONE PRIVATE CRE 4 1/15/2029 | 50,000.00 | 85.65 | 42,823.10 | 0.11% | B | |||
| BL2387530 00002 | BWAY CORP 04/03/24 Term Loan | 43,367.88 | 97.77 | 42,401.21 | 0.11% | TL | |||
| BL3557867 00001 | GATES GLOBAL 03/31/27 TERM LOAN | 42,865.35 | 98.04 | 42,024.33 | 0.11% | TL | |||
| 06616PAA5 | BHG 2020-A A 2.56 9/17/2031 | 41,927.41 | 97.06 | 40,693.09 | 0.10% | MR | |||
| BL3544741 00001 | DUN & BRADSTREET 02/06/26 TERM LOAN | 40,139.67 | 98.9 | 39,698.13 | 0.10% | TL | |||
| 12327FAA5 | BJETS 2020-1A A 2.981 11/15/2035 | 43,154.59 | 90.76 | 39,168.22 | 0.10% | MR | |||
| BL4048833 | OPE 11/16/29 TERM LOAN | 40,000.00 | 97.57 | 39,029.20 | 0.10% | TL | |||
| 83085DAC9 | SKOP 2019-1A C 3.63 9/16/2024 | 39,023.47 | 99.85 | 38,963.17 | 0.10% | MR | |||
| 36416UAG0 | GFMT 2017-1 A21 FRN 7/25/2056 | 41,132.93 | 93.55 | 38,480.94 | 0.10% | MR | |||
| BL3556851 00001 | ASPLUNDH TREE EXPERT LLC 09/07/27 Term Loan | 38,107.20 | 99.12 | 37,773.76 | 0.10% | TL | |||
| BL3561323 00001 | HORIZON THERAPEU 03/15/28 TERM LOAN | 37,792.71 | 99.64 | 37,655.71 | 0.09% | TL | |||
| BL3769538 00001 | FLNG LIQUEFACTION 2 LLC 11/17/28 TERM LOAN | 39,408.99 | 95.26 | 37,542.38 | 0.09% | TL | |||
| 03465AAA7 | AOMT 2020-6 A1 FRN 5/25/2065 | 43,936.65 | 85.25 | 37,455.19 | 0.09% | MR | |||
| 452327AN9 | ILLUMINA INC 5.8 12/12/2025 | 35,000.00 | 100.87 | 35,305.62 | 0.09% | B | |||
| 92536PAA2 | VERUS 2020-1 A1 STEP-CPN 1/25/2060 | 36,324.52 | 94.48 | 34,320.17 | 0.09% | MR | |||
| 749389AA0 | RCKT 2020-1 A1 FRN 2/25/2050 | 39,045.29 | 84.81 | 33,114.56 | 0.08% | MR | |||
| 744320BK7 | PRUDENTIAL FINANCIAL INC 6 9/1/2052 | 34,000.00 | 94.41 | 32,100.48 | 0.08% | B | |||
| 61747YEV3 | MORGAN STANLEY 6.296 10/18/2028 | 29,000.00 | 104.28 | 30,241.95 | 0.08% | B | |||
| BL3679562 00001 | AIR CANADA 08/11/28 TERM LOAN | 28,164.70 | 99.01 | 27,885.59 | 0.07% | TL | |||
| 74387LAC5 | PFMT 2019-1 A2 FRN 12/25/2049 | 32,138.16 | 84.82 | 27,258.79 | 0.07% | MR | |||
| 92537HAA9 | VERUS 2019-INV2 A1 FRN 7/25/2059 | 27,974.91 | 96.7 | 27,050.81 | 0.07% | MR | |||
| 67592LAA4 | OCTL 2020-1A A 1.71 2/20/2025 | 27,215.99 | 98.86 | 26,906.43 | 0.07% | MR | |||
| 67098AAC3 | OBX 2019-INV1 A3 FRN 11/25/2048 | 27,542.09 | 96.88 | 26,684.01 | 0.07% | MR | |||
| 17324VAH7 | CMLTI 2015-PS1 A1 FRN 9/25/2042 | 27,995.67 | 93.42 | 26,152.42 | 0.07% | MR | |||
| 842400HS5 | SOUTHERN CAL EDISON 5.85 11/1/2027 | 21,000.00 | 103.47 | 21,728.80 | 0.05% | B | |||
| 31573TAC2 | EFMT 2019-2 A3 FRN 11/25/2059 | 21,218.49 | 94.15 | 19,977.93 | 0.05% | MR | |||
| BL3165380 00003 | HOSTESS BRANDS LLC 08/03/25 TERM LOAN | 19,568.12 | 99.63 | 19,495.81 | 0.05% | TL | |||
| BL3673144 00002 | Flutter Entertainment plc 07/21/26 Term Loan | 19,233.47 | 99.09 | 19,058.63 | 0.05% | TL | |||
| BL3208776 00001 | Vistra (TXU/TCEH) 6/18 Cov-Lite 12/31/25 Term Loan | 18,725.79 | 99.37 | 18,608.75 | 0.05% | TL | |||
| BL3673144 00001 | Flutter Entertainment plc 07/21/26 Term Loan | 18,443.43 | 99.09 | 18,275.78 | 0.05% | TL | |||
| 94981VAY3 | WFMBS 2004-K 2A12 FRN 7/25/2034 | 17,925.32 | 100.35 | 17,987.56 | 0.05% | MR | |||
| 70410LAA8 | PWNE 2020-1 A 1.37 11/17/2025 | 18,196.37 | 98.58 | 17,937.23 | 0.05% | MR | |||
| 91681NAA2 | UPST 2021-1 A 0.87 3/20/2031 | 16,127.59 | 99.52 | 16,050.77 | 0.04% | MR | |||
| 23343JAE6 | DTAOT 2019-4A C 2.73 7/15/2025 | 15,485.46 | 99.91 | 15,472.02 | 0.04% | MR | |||
| 38061LAA7 | GLDKR 2014-A A 3.22 3/17/2031 | 11,476.77 | 98.03 | 11,250.16 | 0.03% | MR | |||
| BL3165380 00001 | HOSTESS BRANDS LLC 08/03/25 TERM LOAN | 9,394.05 | 99.63 | 9,359.34 | 0.02% | TL | |||
| BL3550276 00002 | RESIDEO FUNDING INC 02/11/28 TERM LOAN | 8,818.31 | 99.12 | 8,741.15 | 0.02% | TL | |||
| BL3550276 00003 | RESIDEO FUNDING INC 02/11/28 TERM LOAN | 8,818.31 | 99.12 | 8,741.15 | 0.02% | TL | |||
| 22411XAD6 | CPS 2018-D D 4.34 9/16/2024 | 7,675.39 | 99.98 | 7,674.20 | 0.02% | MR | |||
| 52607FAA2 | LDPT 2021-A A 1 12/15/2028 | 7,534.04 | 99.84 | 7,522.32 | 0.02% | MR | |||
| 26209WAF0 | DRIVE 2019-3 C 2.9 8/15/2025 | 6,192.88 | 99.91 | 6,187.27 | 0.02% | MR | |||
| 86933YAA4 | SCML 2017-SBC6 A FRN 5/25/2037 | 1,514.72 | 99.26 | 1,503.54 | MR | ||||
| 03464NAA0 | AOMT 2018-3 A1 FRN 9/25/2048 | 657.74 | 99.58 | 655.00 | MR | ||||
| 91533BAC4 | VIATRIS INC 2.3 6/22/2027 | 157 | 86.57 | 135.92 | B | ||||
| X9USDJPMR | JP MORGAN USD GOVT MONEY MARKET INSTL | 1,063,694.49 | 1 | 1,063,694.49 | 2.68% | MM | |||
| CASH | 319,759.52 | 100 | 319,759.52 | 0.81% | CA |
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
Characteristics
As of 8/31/2022
MINC Sector Allocation
FUND
Fixed Income Attributes
As of 08/31/2022
| Date | Description | MINC |
|---|---|---|
| 08/31/2022 | Duration | 1.98 years |
| Yield to Maturity | 5.4 | |
| 30-Day SEC Subsidized Yield | 2.90% | |
| 30-Day SEC Unsubsidized Yield | 3.06% |
Past Performance is not indicative of future results. Duration is a measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. Duration is expressed as a number of years. Rising interest rates mean falling bond prices, while declining interest rates mean rising bond prices. 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.
FUND
Documents
FUND
Fees & Expenses
| Management Fee | 0.50% |
| Other Expenses | 0.26% |
| Fee Waiver/Expense Reimbursement* | -0.01% |
| Net Expense Ratio | 0.75% |
* The Advisor has contractually agreed to keep net expenses from exceeding 0.75% of the Fund’s average daily net assets for at least one year from the date of the prospectus. For more information, please read the full prospectus.
Last Ten
Fund Distributions
-
-
- Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained by visiting the Fund’s website at www.AdvisorShares.com. Please read the prospectus carefully before you invest. Foreside Fund Services, LLC, Distributor.
- An investment in the Fund is subject to risk, including the possible loss of principal amount invested. The Fund’s investment in fixed income securities will change in value in response to interest rate changes and other factors, such as the perception of the issuer’s creditworthiness. Fixed income securities with longer maturities are subject to greater price shifts as a result of interest rate changes than fixed income securities with shorter maturities. The Fund’s investments in high-yield securities or “junk bonds” are subject to a greater risk of loss of income and principal than higher grade debt securities. Emerging and foreign market investments can be more volatile than U.S. securities and will expose the Fund to adverse changes in foreign economic, political, regulatory and currency exchange rates. See prospectus for details regarding specific risks.
-
-
- Definitions
- Yield to maturity describes the rate of return an investor will receive if a long-term, interest-bearing security, such as a bond, is held to its maturity date.