(MINC) NEWFLEET MULTI-SECTOR INCOME ETF
NAV as of 10/4/2022
$44.83
1 Day NAV Change as of 10/4/2022
$0.07
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
10/4/2022| NAV | $44.83 |
| Change | $0.07 |
| Shares Outstanding | 1,005,000 |
| Assets Under Management | $45,056,606.55 |
Market Data
10/3/2022| Closing Price | $44.73 |
| Close Change | $-0.02 |
| Volume | 2,590 |
Regulatory Data
10/4/2022| Premium Discount | $-0.060 |
| 30-Day Median bid-ask Spread | 0 |
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 8/31/2022
| NAV | Market Price Return | Bloomberg Capital Aggregate Bond Index | BofA Merrill Lynch 1-5 Year US Corp & Govt Bond Index | |
|---|---|---|---|---|
| 1 Month | -0.47 | -0.36 | -2.83 | -1.18 |
| 3 Months | -0.74 | -0.73 | -2.01 | -1.10 |
| YTD | -4.53 | -4.51 | -10.75 | -4.91 |
| 1 Year | -5.02 | -5.06 | -11.52 | -1.18 |
| 3 Years | -0.10 | -0.06 | -2.00 | -1.10 |
| 5 Years | 0.97 | 0.98 | 0.52 | 0.89 |
| Since Inception (3/19/2013, Annualized) | 1.52 | 1.52 | 1.41 | 1.11 |
As of 6/30/2022
| NAV | Market Price Return | Bloomberg Capital Aggregate Bond Index | BofA Merrill Lynch 1-5 Year US Corp & Govt Bond Index | |
|---|---|---|---|---|
| 1 Month | -1.23 | -1.19 | -1.57 | -0.74 |
| 3 Months | -2.43 | -2.33 | -4.69 | -1.12 |
| YTD | -5 | -4.94 | -10.35 | -4.57 |
| 1 Year | -5.24 | -5.19 | -10.29 | -5.19 |
| 3 Years | 0 | 0.05 | -0.93 | 0.14 |
| 5 Years | 1.02 | 1.02 | 0.88 | 1.11 |
| Since Inception (3/19/2013, Annualized) | 1.5 | 1.5 | 1.49 | 1.17 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| 10/04/2022 | MINC | 91282CCU3 | US TREASURY N/B 0.125 8/31/2023 | 1,105,000.00 | 96.34 | 1,064,602.34 | 2.36% | TN | |
| 91282CBU4 | US TREASURY N/B 0.125 3/31/2023 | 740,000.00 | 98.22 | 726,836.10 | 1.61% | TN | |||
| 126407AA3 | CSMC 2021-NQM1 A1 FRN 5/25/2065 | 448,567.63 | 93.28 | 418,441.42 | 0.93% | MR | |||
| 89173FAB6 | TPMT 2017-1 A2 FRN 10/25/2056 | 385,000.00 | 96.6 | 371,901.11 | 0.83% | MR | |||
| 48254CAL9 | KIND 2021-KDIP C FRN 12/15/2037 | 382,500.00 | 94.92 | 363,080.93 | 0.81% | MR | |||
| 92512BAB9 | VEROS 2021-1 B 1.49 10/15/2026 | 370,000.00 | 95.29 | 352,579.03 | 0.78% | MR | |||
| 56848MAA7 | MFIT 2020-AA A 2.19 8/21/2034 | 355,000.00 | 95.85 | 340,260.83 | 0.76% | MR | |||
| 92837DAA5 | VISIO 2019-2 A1 FRN 11/25/2054 | 367,998.54 | 91.96 | 338,424.12 | 0.75% | MR | |||
| 91679LAB8 | UPST 2021-3 B 1.66 7/20/2031 | 345,000.00 | 92.36 | 318,648.56 | 0.71% | MR | |||
| 60510MAA6 | MLANE 2021-A A 1.59 9/15/2026 | 325,000.00 | 96.53 | 313,713.99 | 0.70% | MR | |||
| 00971AAA0 | AJAXM 2021-A A1 FRN 9/25/2065 | 348,255.20 | 88.69 | 308,859.04 | 0.69% | MR | |||
| 37186XAE5 | GSFMT 2020-AA A 1.65 9/22/2025 | 315,000.00 | 97.9 | 308,373.31 | 0.68% | MR | |||
| 91282CBX8 | US TREASURY N/B 0.125 4/30/2023 | 315,000.00 | 97.81 | 308,093.38 | 0.68% | TN | |||
| 038413AB6 | AQFIT 2020-AA B 2.79 7/17/2046 | 335,000.00 | 91.41 | 306,208.49 | 0.68% | MR | |||
| 90355EAB7 | USAUT 2021-1A B 1.49 3/17/2025 | 315,000.00 | 97.13 | 305,970.65 | 0.68% | MR | |||
| 85573GAA0 | STAR 2021-1 A1 FRN 5/25/2065 | 322,927.21 | 93.35 | 301,462.49 | 0.67% | MR | |||
| 91824CAB2 | VFI 2022-1A B 3.04 7/24/2028 | 320,000.00 | 94.17 | 301,352.42 | 0.67% | MR | |||
| 36167RAA1 | GCT 2021-GCT A FRN 2/15/2038 | 315,000.00 | 94.44 | 297,485.12 | 0.66% | MR | |||
| 65246PAC5 | NEWZ 2021-1 C FRN 5/25/2055 | 300,000.00 | 98.12 | 294,353.55 | 0.65% | MR | |||
| 257463AA7 | DFS 2021-RTL1 A1 STEP-CPN 7/25/2027 | 315,000.00 | 91.1 | 286,951.99 | 0.64% | MR | |||
| 92512VAB5 | VEROS 2022-1 B 4.39 8/16/2027 | 285,000.00 | 96.31 | 274,473.92 | 0.61% | MR | |||
| 61762MBW0 | MSBAM 2013-C10 A4 FRN 7/15/2046 | 275,000.00 | 99.17 | 272,717.80 | 0.61% | MR | |||
| 62919TAC0 | NMEF 2021-A B 1.85 12/15/2027 | 290,000.00 | 94.03 | 272,682.62 | 0.61% | MR | |||
| 369604BQ5 | GENERAL ELECTRIC CO FRN 6/15/2171 | 285,000.00 | 95.25 | 271,462.50 | 0.60% | B | |||
| 72703PAB9 | PLNT 2018-1A A2II 4.666 9/5/2048 | 283,200.00 | 94.93 | 268,845.41 | 0.60% | MR | |||
| 42806MAL3 | HERTZ 2022-1A C 2.63 6/25/2026 | 295,000.00 | 89.86 | 265,081.60 | 0.59% | MR | |||
| 92538BAA1 | VERUS 2021-R1 A1 FRN 10/25/2063 | 284,941.05 | 91.74 | 261,417.03 | 0.58% | MR | |||
| 03066HAG2 | AMCAR 2018-1 D 3.82 3/18/2024 | 261,045.60 | 99.97 | 260,969.77 | 0.58% | MR | |||
| 62878YAA2 | BUNDT 2021-1 A2 2.989 7/30/2051 | 307,675.00 | 84.49 | 259,950.73 | 0.58% | MR | |||
| 68377BAA5 | OPTN 2021-A A 1.21 3/8/2028 | 280,000.00 | 92.35 | 258,586.33 | 0.57% | MR | |||
| 74615JAA8 | PPWR 2021-A A 1.57 10/15/2025 | 265,000.00 | 95.61 | 253,371.38 | 0.56% | MR | |||
| 00108XAB4 | AUTOC 2021-A B 1.79 4/15/2027 | 265,000.00 | 95.53 | 253,163.88 | 0.56% | MR | |||
| 12510KAG8 | CCG 2021-1 C 0.84 6/14/2027 | 270,000.00 | 93.14 | 251,468.20 | 0.56% | MR | |||
| 23344GAG6 | DTAOT 2021-1A D 1.16 11/16/2026 | 270,000.00 | 92.6 | 250,015.55 | 0.55% | MR | |||
| 22535KAC7 | CAALT 2019-3A B 2.86 1/16/2029 | 246,385.54 | 99.53 | 245,219.25 | 0.54% | MR | |||
| 85573MAA7 | STAR 2020-3 A1 FRN 4/25/2065 | 253,978.76 | 96.48 | 245,049.20 | 0.54% | MR | |||
| 38138JAC7 | GLM 2021-9A A FRN 1/20/2033 | 250,000.00 | 97.5 | 243,751.70 | 0.54% | MR | |||
| 744320AM4 | PRUDENTIAL FINANCIAL INC 5.625 6/15/2043 | 244,000.00 | 98.38 | 240,050.86 | 0.53% | B | |||
| 12655KAE8 | CPS 2019-D E 3.86 10/15/2025 | 245,000.00 | 97.76 | 239,508.06 | 0.53% | MR | |||
| 92939KAG3 | WFRBS 2014-C24 AS 3.931 11/15/2047 | 250,000.00 | 95.75 | 239,387.33 | 0.53% | MR | |||
| 05351KAA7 | AVCCT 2021-1A A 1.37 4/15/2027 | 260,000.00 | 90.96 | 236,506.32 | 0.52% | MR | |||
| 52605AAB3 | LDPT 2022-A B 2.41 6/15/2029 | 245,000.00 | 95.78 | 234,668.33 | 0.52% | MR | |||
| 32057JAE3 | FIAOT 2021-2A C 1.47 11/15/2027 | 260,000.00 | 90.23 | 234,596.26 | 0.52% | MR | |||
| 48128BAG6 | JPMORGAN CHASE & CO 4.6 PERPETL 8/1/2171 | 262,000.00 | 89.25 | 233,835.00 | 0.52% | B | |||
| 52607KAA1 | LBZZ 2022-1A A 4.22 5/17/2027 | 239,160.34 | 97.54 | 233,283.38 | 0.52% | MR | |||
| 19688HAA9 | COLT 2022-1 A1 FRN 12/27/2066 | 265,016.48 | 87.96 | 233,115.49 | 0.52% | MR | |||
| 14686GAD8 | CRVNA 2022-N1 C 3.32 12/11/2028 | 240,000.00 | 96.65 | 231,952.20 | 0.51% | MR | |||
| 89616BAC8 | TAST 2022-1A C 4.71 8/15/2025 | 235,000.00 | 97.72 | 229,645.20 | 0.51% | MR | |||
| 62917JAA8 | NLT 2021-INV2 A1 FRN 8/25/2056 | 270,458.16 | 84.85 | 229,490.00 | 0.51% | MR | |||
| 91680FAB8 | UPST 2021-2 B 1.75 6/20/2031 | 240,000.00 | 95.22 | 228,539.30 | 0.51% | MR | |||
| 26150TAE9 | DRAWBRIDGE SPEC OPPOR FU 3.875 2/15/2026 | 250,000.00 | 91.25 | 228,135.26 | 0.51% | B | |||
| 08861YAA4 | BHG 2021-A A 1.42 11/17/2033 | 243,396.88 | 93.24 | 226,940.65 | 0.50% | MR | |||
| 045054AF0 | ASHTEAD CAPITAL INC 4.375 8/15/2027 | 245,000.00 | 91.98 | 225,351.00 | 0.50% | FB | |||
| 22534LAA0 | CAALT 2022-1A A 4.6 6/15/2032 | 230,000.00 | 97.88 | 225,125.54 | 0.50% | MR | |||
| 14686XAG4 | CRVNA 2019-3A E 4.6 7/15/2026 | 235,000.00 | 95.68 | 224,851.78 | 0.50% | MR | |||
| 00834WAA9 | AFFRM 2022-A A 4.3 5/17/2027 | 235,000.00 | 95.24 | 223,823.71 | 0.50% | MR | |||
| 92837UAA7 | VISIO 2021-1R A1 1.28 5/25/2056 | 239,702.49 | 91.93 | 220,352.67 | 0.49% | MR | |||
| 58940BAA4 | MFCC 2021-1A A 1.54 3/20/2026 | 230,000.00 | 95.14 | 218,825.08 | 0.49% | MR | |||
| 68504UAB7 | ONGLT 2019-A B 3.36 4/9/2038 | 227,903.55 | 94.31 | 214,930.48 | 0.48% | MR | |||
| 86359BHJ3 | SASC 2004-4XS A3A STEP-CPN 2/25/2034 | 228,529.93 | 93.44 | 213,544.86 | 0.47% | MR | |||
| 126401AA6 | CSMC 2020-NQM1 A1 STEP-CPN 5/25/2065 | 230,207.65 | 92.1 | 212,024.58 | 0.47% | MR | |||
| 43283BAB9 | HGVT 2022-1D B 4.1 6/20/2034 | 221,825.53 | 95.17 | 211,115.51 | 0.47% | MR | |||
| 03237PAB9 | AXIS 2020-1A B 2.5 3/20/2026 | 212,227.19 | 98.41 | 208,850.76 | 0.46% | MR | |||
| 12510FAC8 | CCG 2019-2 B 2.55 3/15/2027 | 210,000.00 | 98.73 | 207,332.79 | 0.46% | MR | |||
| 63942EAA6 | NAVSL 2021-EA A 0.97 12/16/2069 | 243,304.51 | 84.49 | 205,556.18 | 0.46% | MR | |||
| 33767WAG8 | FKH 2021-SFR1 D 2.189 8/17/2038 | 240,000.00 | 85.41 | 204,980.54 | 0.45% | MR | |||
| 70410DAD0 | PWNE 2022-1 B 5.4 7/17/2028 | 210,000.00 | 96.93 | 203,557.52 | 0.45% | MR | |||
| 92538FAA2 | VERUS 2021-2 A1 FRN 2/25/2066 | 242,503.48 | 83.88 | 203,406.44 | 0.45% | MR | |||
| 64829HAA5 | NRZT 2016-3A A1 FRN 9/25/2056 | 212,768.05 | 93.59 | 199,127.23 | 0.44% | MR | |||
| 836205AR5 | REPUBLIC OF SOUTH AFRICA 5.875 9/16/2025 | 200,000.00 | 99.25 | 198,501.60 | 0.44% | FB | |||
| 14686UAF2 | CRVNA 2019-2A D 3.28 1/15/2025 | 199,189.58 | 99.45 | 198,088.82 | 0.44% | MR | |||
| 01166VAA7 | ALASKA AIRLINES 2020 TR 4.8 8/15/2027 | 206,589.74 | 95.17 | 196,620.34 | 0.44% | B | |||
| 501895AA4 | LHOME 2021-RTL2 A1 STEP-CPN 6/25/2026 | 205,000.00 | 95.09 | 194,937.19 | 0.43% | MR | |||
| 14687GAE5 | CRVNA 2021-N3 D 1.58 6/12/2028 | 210,000.00 | 92.46 | 194,166.00 | 0.43% | MR | |||
| 74727PBC4 | STATE OF QATAR 3.4 4/16/2025 | 200,000.00 | 97.06 | 194,125.00 | 0.43% | FB | |||
| 19688BAA2 | COLT 2021-1R A1 FRN 5/25/2065 | 215,646.89 | 88.66 | 191,182.10 | 0.42% | MR | |||
| 66977WAP4 | NOVA CHEMICALS CORP 5 5/1/2025 | 205,000.00 | 93.12 | 190,891.90 | 0.42% | FB | |||
| 00091QAB8 | ACMAT 2022-1A B 4.47 4/20/2029 | 190,000.00 | 99.15 | 188,389.18 | 0.42% | MR | |||
| 36265NAE3 | GCAR 2022-2A D 6.15 4/17/2028 | 190,000.00 | 98.8 | 187,725.47 | 0.42% | MR | |||
| 08862BAB1 | BHG 2021-B B 1.67 10/17/2034 | 210,000.00 | 87.6 | 183,949.67 | 0.41% | MR | |||
| 12529KAA0 | CFMT 2021-GRN1 A 1.1 3/20/2041 | 196,884.03 | 93.11 | 183,321.73 | 0.41% | MR | |||
| 446413AZ9 | HUNTINGTON INGALLS INDUS 2.043 8/16/2028 | 221,000.00 | 82.6 | 182,535.67 | 0.41% | B | |||
| 68377XAA7 | OPTN 2022-1 A 3.25 6/15/2029 | 185,617.83 | 97.93 | 181,781.35 | 0.40% | MR | |||
| 62920KAC6 | NMEF 2022-A B 3.35 10/16/2028 | 195,000.00 | 92.93 | 181,215.76 | 0.40% | MR | |||
| 35105JAD0 | FCRT 2022-1 B 2.15 5/17/2027 | 195,000.00 | 92.3 | 179,988.72 | 0.40% | MR | |||
| 29252VAC9 | ENCA 2022-1A B 5.15 1/16/2029 | 185,000.00 | 97.05 | 179,535.99 | 0.40% | MR | |||
| 552757AA4 | MFRA 2020-NQM3 A1 FRN 1/26/2065 | 195,153.27 | 91.98 | 179,501.06 | 0.40% | MR | |||
| 94946DAB7 | WLKRG 2019-AA B 2.99 6/15/2038 | 184,977.05 | 96.56 | 178,616.89 | 0.40% | MR | |||
| 05565QDV7 | BP CAPITAL MARKETS PLC 4.875 PERPETL 12/22/2170 | 205,000.00 | 86.7 | 177,738.21 | 0.39% | FB | |||
| 11042CAA8 | BRITISH AIR 21-1 A PPT 2.9 3/15/2035 | 213,434.12 | 82.57 | 176,239.98 | 0.39% | FB | |||
| 78392BAB3 | SK HYNIX INC 1.5 1/19/2026 | 200,000.00 | 87.29 | 174,578.99 | 0.39% | FB | |||
| 55037AAA6 | AKER BP ASA 2 7/15/2026 | 200,000.00 | 87.22 | 174,440.54 | 0.39% | FB | |||
| 35041LAA8 | FFIN 2021-1A A 1.27 5/15/2041 | 193,483.93 | 89.99 | 174,111.01 | 0.39% | MR | |||
| 05526DBR5 | BAT CAPITAL CORP 2.259 3/25/2028 | 215,000.00 | 80.98 | 174,110.16 | 0.39% | FB | |||
| 25714PEP9 | DOMINICAN REPUBLIC 5.5 2/22/2029 | 195,000.00 | 88.66 | 172,888.63 | 0.38% | FB | |||
| 14686KAD9 | CRVNA 2021-N2 C 1.07 3/10/2028 | 179,842.73 | 95.44 | 171,648.72 | 0.38% | MR | |||
| 31572LAA4 | EFMT 2021-2 A1 FRN 6/25/2066 | 198,587.66 | 84.26 | 167,322.87 | 0.37% | MR | |||
| 172967MB4 | CITIGROUP INC FRN 7/1/2026 | 165,000.00 | 99.67 | 164,452.76 | 0.36% | B | |||
| 23343RAE8 | DTAOT 2020-2A C 3.28 3/16/2026 | 165,000.00 | 98.92 | 163,210.67 | 0.36% | MR | |||
| 91824WAA0 | VCAT 2021-NPL6 A1 STEP-CPN 9/25/2051 | 173,806.86 | 93.56 | 162,606.49 | 0.36% | MR | |||
| 92556VAC0 | VIATRIS INC 2.3 6/22/2027 | 195,000.00 | 83.23 | 162,302.47 | 0.36% | B | |||
| 85208NAD2 | SPRINT SPECTRUM / SPEC I 4.738 3/20/2025 | 162,500.40 | 99.44 | 161,594.75 | 0.36% | B | |||
| 24703TAE6 | DELL INT LLC / EMC CORP 4.9 10/1/2026 | 165,000.00 | 97.8 | 161,377.17 | 0.36% | B | |||
| 17288XAB0 | CITADEL LP 4.875 1/15/2027 | 170,000.00 | 94.7 | 160,989.68 | 0.36% | B | |||
| 00439KAA4 | AALLC 2021-1H A 1.35 10/20/2040 | 175,447.75 | 91.44 | 160,429.65 | 0.36% | MR | |||
| 29250NBN4 | ENBRIDGE INC 7.375 1/15/2083 | 165,000.00 | 97.01 | 160,072.55 | 0.36% | FB | |||
| 64831EAA8 | NRZT 2021-NQ2R A1 FRN 10/25/2058 | 169,001.63 | 94.03 | 158,919.16 | 0.35% | MR | |||
| 71654QCG5 | PETROLEOS MEXICANOS 6.5 3/13/2027 | 180,000.00 | 86.2 | 155,153.70 | 0.34% | FB | |||
| 23345MAA5 | DT MIDSTREAM INC 4.125 6/15/2029 | 180,000.00 | 85.94 | 154,683.90 | 0.34% | B | |||
| 36166VAE5 | GCI 2021-1 A 2.38 6/18/2046 | 177,333.40 | 86.34 | 153,101.94 | 0.34% | MR | |||
| 459506AP6 | INTL FLAVOR & FRAGRANCES 1.832 10/15/2027 | 183,000.00 | 82.97 | 151,829.27 | 0.34% | B | |||
| 69701YAA0 | PSTAT 2021-1A A1 FRN 4/20/2029 | 152,460.16 | 99.08 | 151,064.30 | 0.34% | MR | |||
| 165167DF1 | CHESAPEAKE ENERGY CORP 5.5 2/1/2026 | 155,000.00 | 97.45 | 151,051.38 | 0.34% | B | |||
| 12434KAA4 | BXGNT 2022-A A 4.12 9/28/2037 | 159,161.76 | 94.86 | 150,985.81 | 0.34% | MR | |||
| 96034JAB2 | WESTR 2022-1A B 2.288 8/20/2036 | 159,194.68 | 94.27 | 150,070.56 | 0.33% | MR | |||
| 30251GBD8 | FMG RESOURCES AUG 2006 5.875 4/15/2030 | 165,000.00 | 90.82 | 149,860.43 | 0.33% | FB | |||
| 913903AX8 | UNIVERSAL HEALTH SVCS 1.65 9/1/2026 | 175,000.00 | 85.47 | 149,574.95 | 0.33% | B | |||
| 92837DAB3 | VISIO 2019-2 A2 FRN 11/25/2054 | 162,577.35 | 91.98 | 149,544.34 | 0.33% | MR | |||
| 36258YBL1 | GSMS 2020-GC45 AS FRN 2/13/2053 | 175,000.00 | 84.99 | 148,737.80 | 0.33% | MR | |||
| 53079EBM5 | LIBERTY MUTUAL GROUP INC 4.125 12/15/2051 | 190,000.00 | 77.18 | 146,637.14 | 0.33% | B | |||
| 11271LAC6 | BROOKFIELD FINANCE INC 3.9 1/25/2028 | 160,000.00 | 91.32 | 146,104.07 | 0.32% | FB | |||
| 361841AJ8 | GLP CAPITAL LP / FIN II 5.25 6/1/2025 | 150,000.00 | 97.26 | 145,892.88 | 0.32% | B | |||
| 59156RBT4 | METLIFE INC 5.875 PERPETL 9/15/2171 | 155,000.00 | 93.18 | 144,431.19 | 0.32% | B | |||
| BL2552414 00001 | INEOS US FINANCE 04/01/24 Term Loan | 147,018.56 | 97.74 | 143,695.21 | 0.32% | TL | |||
| 92537QAA9 | VERUS 2021-1 A1 FRN 1/25/2066 | 164,621.33 | 86.91 | 143,064.33 | 0.32% | MR | |||
| 82650TAC1 | SRFC 2022-2A C 6.36 6/20/2040 | 146,442.40 | 97.61 | 142,936.80 | 0.32% | MR | |||
| 64829LAA6 | NRZT 2016-4A A1 FRN 11/25/2056 | 152,255.31 | 93.71 | 142,681.44 | 0.32% | MR | |||
| 96042QAJ9 | WLAKE 2020-3A C 1.24 11/17/2025 | 145,000.00 | 97.37 | 141,179.60 | 0.31% | MR | |||
| 505742AM8 | LADDER CAP FIN LLLP/CORP 4.25 2/1/2027 | 170,000.00 | 82.22 | 139,765.99 | 0.31% | B | |||
| 46641YAN3 | JPMMT 2014-2 AM FRN 6/25/2029 | 148,413.20 | 94 | 139,514.82 | 0.31% | MR | |||
| 33844TAE7 | FCAT 2020-3 C 1.73 9/15/2026 | 145,000.00 | 95.33 | 138,223.82 | 0.31% | MR | |||
| 534187BP3 | LINCOLN NATIONAL CORP FRN 4/20/2067 | 180,000.00 | 76.52 | 137,741.14 | 0.31% | B | |||
| 58940BAE6 | MFCC 2022-1A A 2.5 9/21/2026 | 145,000.00 | 94.93 | 137,650.92 | 0.31% | MR | |||
| BL3172261 00001 | Go Daddy 11/17 Cov-Lite 02/15/24 Term Loan | 138,200.63 | 99.5 | 137,509.63 | 0.31% | TL | |||
| 40439HAC3 | HINTT 2020-A C 3.42 10/9/2039 | 149,288.52 | 91.96 | 137,289.20 | 0.30% | MR | |||
| 04285CAL5 | ARRW 2020-1 A1B 2.1 3/25/2055 | 143,593.65 | 95.24 | 136,761.32 | 0.30% | MR | |||
| 20049AAE8 | COMM 2020-CBM B 3.099 2/10/2037 | 150,000.00 | 90.68 | 136,023.65 | 0.30% | MR | |||
| 35633KAC0 | FREED 2022-1FP C 2.51 3/19/2029 | 145,000.00 | 93.15 | 135,071.79 | 0.30% | MR | |||
| 46647PCY0 | JPMORGAN CHASE & CO FRN 2/24/2028 | 140,000.00 | 96.34 | 134,882.43 | 0.30% | B | |||
| 63938CAB4 | NAVIENT CORP 5.875 10/25/2024 | 140,000.00 | 96.32 | 134,852.38 | 0.30% | B | |||
| 31573WAA9 | EFMT 2020-2 A1 FRN 10/25/2065 | 145,120.40 | 92.61 | 134,395.47 | 0.30% | MR | |||
| 842587DJ3 | SOUTHERN CO 3.75 9/15/2051 | 164,000.00 | 81.67 | 133,944.90 | 0.30% | B | |||
| 36258HAE5 | GCAR 2019-4A C 3.06 8/15/2025 | 135,000.00 | 98.63 | 133,156.70 | 0.30% | MR | |||
| 04047AAA2 | ARIVO 2021-1A A 1.19 1/15/2027 | 137,781.44 | 96.47 | 132,921.72 | 0.29% | MR | |||
| 527298BR3 | LEVEL 3 FINANCING INC 4.25 7/1/2028 | 165,000.00 | 80.5 | 132,827.48 | 0.29% | B | |||
| 19688DAA8 | COLT 2021-3R A1 FRN 12/25/2064 | 149,217.85 | 88.65 | 132,275.34 | 0.29% | MR | |||
| 073096AA7 | BAYPORT POLYMERS LLC 4.743 4/14/2027 | 140,000.00 | 93.76 | 131,269.36 | 0.29% | B | |||
| 81618TAC4 | OFFICE PPTY INCOME TRST 4.5 2/1/2025 | 145,000.00 | 89.42 | 129,661.86 | 0.29% | B | |||
| 896945AA0 | TRIPADVISOR INC 7 7/15/2025 | 130,000.00 | 98.82 | 128,471.48 | 0.29% | B | |||
| 745310AM4 | PUGET ENERGY INC 2.379 6/15/2028 | 151,000.00 | 84.9 | 128,195.73 | 0.28% | B | |||
| 78081BAJ2 | ROYALTY PHARMA PLC 1.75 9/2/2027 | 153,000.00 | 83.72 | 128,084.94 | 0.28% | B | |||
| 00774MAW5 | AERCAP IRELAND CAP/GLOBA 3 10/29/2028 | 155,000.00 | 82.58 | 128,005.03 | 0.28% | FB | |||
| 38141GVX9 | GOLDMAN SACHS GROUP INC FRN 10/28/2027 | 125,000.00 | 100.07 | 125,090.39 | 0.28% | B | |||
| 12657LAA2 | CSMC 2021-AFC1 A1 FRN 3/25/2056 | 149,165.57 | 82.63 | 123,252.83 | 0.27% | MR | |||
| 90353QAB2 | USAUT 2020-1A B 3.22 5/15/2024 | 122,375.53 | 99.54 | 121,809.08 | 0.27% | MR | |||
| 05584AAA8 | HGVGI 2017-1A A 2.94 5/25/2029 | 123,039.04 | 96.7 | 118,974.01 | 0.26% | MR | |||
| 91682CAA5 | UPSPT 2021-ST2 A 2.5 4/20/2027 | 124,619.93 | 95.18 | 118,613.04 | 0.26% | MR | |||
| 36259WAC5 | GSMBS 2020-NQM1 A3 FRN 9/27/2060 | 128,082.12 | 92.57 | 118,565.80 | 0.26% | MR | |||
| 88224QAA5 | TEXAS CAPITAL BANCSHARES 4 5/6/2031 | 135,000.00 | 86.88 | 117,281.26 | 0.26% | B | |||
| 29365BAA1 | ENTEGRIS ESCROW CORP 4.75 4/15/2029 | 130,000.00 | 89.86 | 116,819.85 | 0.26% | B | |||
| 59980CAF0 | MCMLT 2017-3 M2 FRN 1/25/2061 | 123,202.77 | 93.97 | 115,779.68 | 0.26% | MR | |||
| BL3835321 00001 | ZODIAC POOL (FLUIDRA) 01/21/29 TERM LOAN | 118,763.44 | 97.36 | 115,624.52 | 0.26% | TL | |||
| 25216AAA2 | DEXT 2020-1 A 1.46 2/16/2027 | 116,949.59 | 98.43 | 115,109.54 | 0.26% | MR | |||
| 53934QAA0 | REACH 2021-1A A 1.07 5/15/2029 | 117,514.91 | 95.99 | 112,803.93 | 0.25% | MR | |||
| BL3288513 00001 | CENTURYLINK INC 03/15/27 Term Loan | 121,813.48 | 92.33 | 112,474.65 | 0.25% | TL | |||
| 62912XAF1 | NGPL PIPECO LLC 4.875 8/15/2027 | 118,000.00 | 94.69 | 111,735.30 | 0.25% | B | |||
| 89178YAB0 | TPMT 2020-MH1 A2 FRN 2/25/2060 | 130,000.00 | 85.56 | 111,227.83 | 0.25% | MR | |||
| 17322GAA7 | CMLTI 2014-A A FRN 1/25/2035 | 115,951.24 | 94.97 | 110,117.90 | 0.24% | MR | |||
| 76132FAA5 | RETAIL OPPORTUNITY IN 5 12/15/2023 | 111,000.00 | 99.18 | 110,092.99 | 0.24% | B | |||
| BL3585918 00001 | ARAMARK SERVICES INC 04/06/28 TERM LOAN | 109,607.20 | 98.65 | 108,127.50 | 0.24% | TL | |||
| 44106MAS1 | SERVICE PROPERTIES TRUST 4.65 3/15/2024 | 115,000.00 | 93.56 | 107,599.46 | 0.24% | B | |||
| 36258HAG0 | GCAR 2019-4A D 4.09 8/17/2026 | 110,000.00 | 95.97 | 105,572.29 | 0.23% | MR | |||
| 038370AA0 | AQFIT 2019-A A 3.14 7/16/2040 | 110,845.35 | 94.88 | 105,169.45 | 0.23% | MR | |||
| 067316AF6 | BACARDI LTD 4.7 5/15/2028 | 110,000.00 | 94.87 | 104,354.48 | 0.23% | FB | |||
| BL2526673 00001 | CAESARS RESORT COLLECTION 12/23/2024 TERM LOAN | 104,312.92 | 98.38 | 102,624.62 | 0.23% | TL | |||
| 33767BAD1 | FIRSTENERGY TRANSMISSION 2.866 9/15/2028 | 119,000.00 | 85.94 | 102,263.26 | 0.23% | B | |||
| 12662EAA1 | CSMC 2021-NQM2 A1 FRN 2/25/2066 | 115,205.93 | 87.54 | 100,852.04 | 0.22% | MR | |||
| 21871XAN9 | COREBRIDGE FINANCIAL INC 6.875 12/15/2052 | 107,000.00 | 92.42 | 98,892.23 | 0.22% | B | |||
| 30321L2A9 | F&G GLOBAL FUNDING 1.75 6/30/2026 | 113,000.00 | 87.49 | 98,858.32 | 0.22% | B | |||
| 38141GWB6 | GOLDMAN SACHS GROUP INC 3.85 1/26/2027 | 105,000.00 | 94.11 | 98,818.87 | 0.22% | B | |||
| 83085DAC9 | SKOP 2019-1A C 3.63 9/16/2024 | 98,525.16 | 99.75 | 98,279.99 | 0.22% | MR | |||
| 29273RBK4 | ENERGY TRANSFER LP 4.2 4/15/2027 | 105,000.00 | 93.59 | 98,266.33 | 0.22% | B | |||
| 64829DAG1 | NRZT 2014-3A AFX3 FRN 11/25/2054 | 103,936.88 | 94.04 | 97,742.53 | 0.22% | MR | |||
| 89172RAC9 | TPMT 2015-6 M1 FRN 4/25/2055 | 100,000.00 | 97.51 | 97,513.24 | 0.22% | MR | |||
| BL3545938 00001 | CITADEL SECURITIES 02/02/2028 TERM LOAN | 96,992.85 | 98.63 | 95,659.20 | 0.21% | TL | |||
| 56847MAA8 | MFIT 2019-AA A 2.96 7/20/2032 | 96,041.91 | 98.78 | 94,866.06 | 0.21% | MR | |||
| 05606XAA2 | BXGNT 2015-A A 2.88 5/2/2030 | 95,237.05 | 97.45 | 92,810.90 | 0.21% | MR | |||
| 84861TAC2 | SPIRIT REALTY LP 4.45 9/15/2026 | 96,429.00 | 96.16 | 92,721.52 | 0.21% | B | |||
| 05591QAA4 | BPR 2021-KEN A FRN 2/15/2029 | 95,000.00 | 97.17 | 92,312.06 | 0.20% | MR | |||
| 629377CK6 | NRG ENERGY INC 3.75 6/15/2024 | 95,000.00 | 96.39 | 91,569.78 | 0.20% | B | |||
| 46644XAC6 | JPMMT 2015-5 A2 FRN 5/25/2045 | 93,623.35 | 97.55 | 91,326.34 | 0.20% | MR | |||
| 827048AX7 | SILGAN HOLDINGS INC 1.4 4/1/2026 | 106,000.00 | 86.05 | 91,209.82 | 0.20% | B | |||
| 22551EAA4 | CRUSA 2021-1A A 1.35 2/16/2027 | 92,128.89 | 97.42 | 89,750.48 | 0.20% | MR | |||
| 12567NAA7 | CIM 2022-R2 A1 FRN 12/25/2061 | 93,548.46 | 95.22 | 89,073.10 | 0.20% | MR | |||
| BL2828715 00001 | Select Medical Corp 03/06/25 Term Loan | 90,000.00 | 97.69 | 87,918.75 | 0.20% | TL | |||
| BL2682203 00001 | Tenneco 10/18 Cov 10/01/25 Term Loan | 88,392.86 | 98.88 | 87,398.44 | 0.19% | TL | |||
| 50155QAJ9 | KYNDRYL HOLDINGS INC 2.05 10/15/2026 | 108,000.00 | 80.91 | 87,378.28 | 0.19% | B | |||
| BL3904531 00001 | CPG INTERNATIONAL (AZEK) 04/20/29 TERM LOAN | 90,000.00 | 97 | 87,300.00 | 0.19% | TL | |||
| 06051GJS9 | BANK OF AMERICA CORP 1.734 7/22/2027 | 100,000.00 | 86.98 | 86,981.88 | 0.19% | B | |||
| BL3638386 00001 | QUIKRETE HOLDINGS INC 06/11/28 TERM LOAN | 89,550.00 | 96.65 | 86,551.87 | 0.19% | TL | |||
| 12513GBG3 | CDW LLC/CDW FINANCE 2.67 12/1/2026 | 98,000.00 | 87.87 | 86,111.52 | 0.19% | B | |||
| 252722AB9 | DROT 2019-1A B 3.53 2/20/2032 | 88,388.44 | 97.22 | 85,934.80 | 0.19% | MR | |||
| 808513BJ3 | CHARLES SCHWAB CORP 4 PERPETL 3/1/2171 | 115,000.00 | 74.13 | 85,243.75 | 0.19% | B | |||
| BL3111475 00001 | NCR CORP 08/28/26 Term Loan | 86,955.95 | 96.5 | 83,912.49 | 0.19% | TL | |||
| BL3535632 00001 | PIKE CORP 01/21/28 TERM LOAN | 85,479.45 | 97.97 | 83,748.49 | 0.19% | TL | |||
| 15089QAL8 | CELANESE US HOLDINGS LLC 6.05 3/15/2025 | 85,000.00 | 98.42 | 83,652.80 | 0.19% | B | |||
| BL3014968 00001 | HILTON 06/22/26 TERM LOAN | 85,000.00 | 98.23 | 83,491.25 | 0.19% | TL | |||
| BL3674597 00001 | DIRECTV FINANCING 07/22/27 Term Loan | 88,439.90 | 94.23 | 83,332.50 | 0.18% | TL | |||
| 89180DAC0 | TPHT 2021-HE1 M1 FRN 2/25/2063 | 87,260.80 | 94.68 | 82,619.97 | 0.18% | MR | |||
| BL3392828 00001 | MILEAGE PLUS 06/21/27 TERM LOAN | 80,750.00 | 101.46 | 81,927.74 | 0.18% | TL | |||
| BL3604461 00001 | SIGNATURE AVIATION (BROWN GROUP 06/07/28 TERM LOAN | 84,413.46 | 96.73 | 81,652.72 | 0.18% | TL | |||
| 12513GBH1 | CDW LLC/CDW FINANCE 3.276 12/1/2028 | 98,000.00 | 83.31 | 81,644.21 | 0.18% | B | |||
| BL3748821 00001 | SBA FINANCE 04/11/25 TERM LOAN | 82,666.67 | 97.97 | 80,987.71 | 0.18% | TL | |||
| 67623CAD1 | OFFICE PPTY INCOME TRST 2.65 6/15/2026 | 105,000.00 | 76.19 | 79,997.71 | 0.18% | B | |||
| 26884UAE9 | EPR PROPERTIES 4.95 4/15/2028 | 90,000.00 | 86.83 | 78,146.73 | 0.17% | B | |||
| 50155QAK6 | KYNDRYL HOLDINGS INC 2.7 10/15/2028 | 105,000.00 | 74.42 | 78,140.67 | 0.17% | B | |||
| BL3562446 00001 | Berry Plastics 3/21 (USD) Cov-L 07/01/26 Term Loan | 79,376.53 | 97.92 | 77,722.72 | 0.17% | TL | |||
| BL3644913 00001 | ATLANTIC AVIATION (KKR APPLE) 07/14/28 Term Loan | 79,400.00 | 96.5 | 76,621.00 | 0.17% | TL | |||
| 69357QAA4 | PRPM 2021-RPL2 A1 FRN 10/25/2051 | 82,423.29 | 89.64 | 73,882.23 | 0.16% | MR | |||
| BL3208776 00002 | Vistra (TXU/TCEH) 6/18 Cov-Lite 12/31/25 Term Loan | 75,574.76 | 97.64 | 73,787.79 | 0.16% | TL | |||
| BL3712215 00001 | ORYX MIDSTREAM S 09/30/28 09/30/28 TERM LOAN | 74,036.96 | 98.22 | 72,718.36 | 0.16% | TL | |||
| 09261HAD9 | BLACKSTONE PRIVATE CRE 2.625 12/15/2026 | 86,000.00 | 83.86 | 72,119.27 | 0.16% | B | |||
| 03464LAA4 | AOMT 2020-4 A1 FRN 6/25/2065 | 77,413.32 | 92.81 | 71,850.06 | 0.16% | MR | |||
| 15239XAA6 | CNTL AMR BOTTLING CORP 5.25 4/27/2029 | 80,000.00 | 89.48 | 71,584.40 | 0.16% | FB | |||
| 31574XAB4 | EFMT 2021-1 A2 FRN 2/25/2066 | 84,317.70 | 84.71 | 71,429.66 | 0.16% | MR | |||
| 92564RAG0 | VICI PROPERTIES / NOTE 4.625 6/15/2025 | 75,000.00 | 94.66 | 70,996.11 | 0.16% | B | |||
| 62955VAA4 | NYMT 2022-CP1 A1 2.0424 7/25/2061 | 77,683.01 | 90.3 | 70,148.56 | 0.16% | MR | |||
| 46641YAJ2 | JPMMT 2014-2 2A2 FRN 6/25/2029 | 73,798.24 | 94.94 | 70,061.56 | 0.16% | MR | |||
| 92259LAB4 | VCC 2020-1 AFX FRN 2/25/2050 | 74,574.75 | 93.42 | 69,670.92 | 0.15% | MR | |||
| 19685WAB7 | COLT 2021-2 A2 FRN 8/25/2066 | 83,586.43 | 83.12 | 69,474.55 | 0.15% | MR | |||
| 258258AA0 | DORIC NIMROD AIR 2012-1A 5.125 11/30/2022 | 69,518.08 | 99.79 | 69,373.48 | 0.15% | FB | |||
| 85573JAB2 | STAR 2021-3 A2 FRN 6/25/2056 | 83,527.70 | 83 | 69,329.59 | 0.15% | MR | |||
| 83405DAC2 | SOFI 2017-C A2B 2.63 7/25/2040 | 69,967.39 | 98.38 | 68,836.35 | 0.15% | MR | |||
| BL2870022 00001 | NEXSTAR BROADCAS 09/18/2026 | 68,652.19 | 99.33 | 68,188.79 | 0.15% | TL | |||
| 06051GHB8 | BANK OF AMERICA CORP FRN 2/5/2026 | 68,000.00 | 98.4 | 66,914.94 | 0.15% | B | |||
| 30166EAG1 | EART 2018-4A D 4.35 9/16/2024 | 66,670.18 | 99.86 | 66,578.56 | 0.15% | MR | |||
| BL3292630 00001 | TRANSDIGM INC 05/30/25 Term Loan | 68,511.39 | 97.01 | 66,463.24 | 0.15% | TL | |||
| BL3196914 00001 | Charter Comm Operating 10/19 02/01/27 Term Loan | 67,232.59 | 97.9 | 65,818.02 | 0.15% | TL | |||
| 69120VAL5 | OWL ROCK CORE INCOME COR 5.5 3/21/2025 | 68,000.00 | 94.71 | 64,403.20 | 0.14% | B | |||
| 86964WAL6 | SUZANO AUSTRIA GMBH 2.5 9/15/2028 | 80,000.00 | 80.43 | 64,346.80 | 0.14% | FB | |||
| BL3705896 00001 | CCC INTELLIGENT SOLUTIONS 09/15/28 Term Loan | 64,475.13 | 97.75 | 63,024.44 | 0.14% | TL | |||
| 67422AAA4 | OASIS 2021-1A A 2.5792 2/15/2033 | 63,418.33 | 98.68 | 62,578.66 | 0.14% | MR | |||
| 85205TAM2 | SPIRIT AEROSYSTEMS INC 5.5 1/15/2025 | 65,000.00 | 96.08 | 62,448.75 | 0.14% | B | |||
| 20268BAA8 | CBSLT 2020-1 A 1.69 10/25/2051 | 71,769.01 | 86.73 | 62,247.38 | 0.14% | MR | |||
| BL3447317 00001 | SKYMILES IP LTD 09/16/27 TERM LOAN | 60,000.00 | 101.03 | 60,615.90 | 0.13% | TL | |||
| 17326QAA1 | CMLTI 2018-RP1 A1 FRN 9/25/2064 | 62,020.12 | 97.39 | 60,404.40 | 0.13% | MR | |||
| 06051GKJ7 | BANK OF AMERICA CORP 2.551 2/4/2028 | 68,000.00 | 88.4 | 60,112.14 | 0.13% | B | |||
| BL3684588 00001 | Avolon TLB Borrower 1 (US) LLC 12/01/27 Term Loan | 60,779.25 | 98.25 | 59,715.61 | 0.13% | TL | |||
| BL2823567 00001 | AGILITI HEALT 01/04/26 TERM LOAN | 59,384.62 | 97.75 | 58,048.46 | 0.13% | TL | |||
| BL3683986 00001 | STANDARD INDUSTRIES INC 08/06/28 Term Loan | 58,678.66 | 97.76 | 57,363.67 | 0.13% | TL | |||
| 78432BAA7 | SGR 2019-3 A1 FRN 9/25/2059 | 58,379.50 | 97.17 | 56,728.38 | 0.13% | MR | |||
| BL3561323 00001 | HORIZON THERAPEU 03/15/28 TERM LOAN | 57,792.71 | 97.5 | 56,347.89 | 0.13% | TL | |||
| 03465BAA5 | AOMT 2020-SBC1 A1 FRN 5/25/2050 | 58,112.64 | 95.73 | 55,630.66 | 0.12% | MR | |||
| 949803AA8 | WFMBS 2004-U A1 FRN 10/25/2034 | 57,343.63 | 96.54 | 55,360.24 | 0.12% | MR | |||
| 76119CAA9 | RMLT 2020-1 A1 FRN 1/26/2060 | 57,334.69 | 94.6 | 54,235.77 | 0.12% | MR | |||
| 042858AA8 | ARRW 2019-2 A1 FRN 4/25/2049 | 56,235.28 | 94.1 | 52,918.38 | 0.12% | MR | |||
| BL3128180 00001 | ELANCO 08/01/27 TERM LOAN | 53,858.87 | 96.87 | 52,175.78 | 0.12% | TL | |||
| BL3898659 00001 | SCIENTIFIC GAMES 04/07/29 TERM LOAN | 49,875.00 | 97.68 | 48,715.41 | 0.11% | TL | |||
| 94981VAB3 | WFMBS 2004-K 1A2 FRN 7/25/2034 | 46,949.68 | 101.72 | 47,758.83 | 0.11% | MR | |||
| 23343JAE6 | DTAOT 2019-4A C 2.73 7/15/2025 | 47,438.10 | 99.88 | 47,382.78 | 0.11% | MR | |||
| 06616PAA5 | BHG 2020-A A 2.56 9/17/2031 | 47,289.46 | 97.74 | 46,222.75 | 0.10% | MR | |||
| BL3550276 00001 | RESIDEO FUNDING INC 02/11/28 TERM LOAN | 45,838.27 | 97.67 | 44,768.86 | 0.10% | TL | |||
| 36228FPE0 | GSR 2003-3F 1A6 6 4/25/2033 | 45,031.02 | 96.31 | 43,371.58 | 0.10% | MR | |||
| 12327FAA5 | BJETS 2020-1A A 2.981 11/15/2035 | 47,351.95 | 91.34 | 43,250.29 | 0.10% | MR | |||
| BL3776806 00001 | ULTIMATE SOFTWARE (UKG) 05/04/26 TERM LOAN | 44,550.69 | 96.5 | 42,991.42 | 0.10% | TL | |||
| 32059TAE9 | FIAOT 2019-1A C 3.26 3/17/2025 | 42,907.47 | 99.97 | 42,892.83 | 0.10% | MR | |||
| BL3770668 00001 | NORTH AMERICAN BANCARD 11/17/28 TERM LOAN | 44,275.25 | 96.41 | 42,684.22 | 0.09% | TL | |||
| BL3544857 00001 | UFC HOLDINGS LLC 04/29/26 TERM LOAN | 43,831.27 | 97.35 | 42,669.74 | 0.09% | TL | |||
| BL3172261 00002 | Go Daddy 11/17 Cov-Lite 02/15/24 Term Loan | 42,325.75 | 99.5 | 42,114.12 | 0.09% | TL | |||
| BL3557867 00001 | GATES GLOBAL 03/31/27 TERM LOAN | 42,865.35 | 97.05 | 41,600.82 | 0.09% | TL | |||
| 466247K51 | JPMMT 2006-A2 4A1 FRN 8/25/2034 | 40,817.56 | 100.41 | 40,986.47 | 0.09% | MR | |||
| BL2387530 00002 | BWAY CORP 04/03/24 Term Loan | 43,367.88 | 94.5 | 40,982.64 | 0.09% | TL | |||
| 09261HAR8 | BLACKSTONE PRIVATE CRE 4 1/15/2029 | 50,000.00 | 81.5 | 40,752.37 | 0.09% | B | |||
| 36416UAG0 | GFMT 2017-1 A21 FRN 7/25/2056 | 43,147.39 | 93.89 | 40,511.60 | 0.09% | MR | |||
| 03465AAA7 | AOMT 2020-6 A1 FRN 5/25/2065 | 44,763.31 | 87.63 | 39,225.25 | 0.09% | MR | |||
| BL3544741 00001 | DUN & BRADSTREET 02/06/26 TERM LOAN | 40,139.67 | 97.7 | 39,217.66 | 0.09% | TL | |||
| BL3556851 00001 | ASPLUNDH TREE EXPERT LLC 09/07/27 Term Loan | 38,107.20 | 98.4 | 37,497.48 | 0.08% | TL | |||
| BL3769538 00001 | FLNG LIQUEFACTION 2 LLC 11/17/28 TERM LOAN | 39,509.01 | 93.19 | 36,817.66 | 0.08% | TL | |||
| 92536PAA2 | VERUS 2020-1 A1 STEP-CPN 1/25/2060 | 37,708.86 | 96.83 | 36,515.36 | 0.08% | MR | |||
| 749389AA0 | RCKT 2020-1 A1 FRN 2/25/2050 | 40,430.36 | 85.12 | 34,412.32 | 0.08% | MR | |||
| 67592LAA4 | OCTL 2020-1A A 1.71 2/20/2025 | 34,229.94 | 98.84 | 33,833.42 | 0.08% | MR | |||
| 91681NAA2 | UPST 2021-1 A 0.87 3/20/2031 | 33,046.90 | 99.3 | 32,816.47 | 0.07% | MR | |||
| 22411XAD6 | CPS 2018-D D 4.34 9/16/2024 | 32,699.61 | 100.04 | 32,711.37 | 0.07% | MR | |||
| 26209WAF0 | DRIVE 2019-3 C 2.9 8/15/2025 | 32,604.39 | 99.93 | 32,582.05 | 0.07% | MR | |||
| 744320BK7 | PRUDENTIAL FINANCIAL INC 6 9/1/2052 | 34,000.00 | 94.78 | 32,226.72 | 0.07% | B | |||
| BL3165380 00003 | HOSTESS BRANDS LLC 08/03/25 TERM LOAN | 31,683.01 | 97.83 | 30,993.91 | 0.07% | TL | |||
| 92537HAA9 | VERUS 2019-INV2 A1 FRN 7/25/2059 | 31,255.65 | 98.52 | 30,794.34 | 0.07% | MR | |||
| 67098AAC3 | OBX 2019-INV1 A3 FRN 11/25/2048 | 31,139.81 | 96.59 | 30,078.01 | 0.07% | MR | |||
| 74387LAC5 | PFMT 2019-1 A2 FRN 12/25/2049 | 32,595.80 | 86.13 | 28,074.68 | 0.06% | MR | |||
| 17324VAH7 | CMLTI 2015-PS1 A1 FRN 9/25/2042 | 28,976.56 | 94.75 | 27,454.06 | 0.06% | MR | |||
| BL3679562 00001 | AIR CANADA 08/11/28 TERM LOAN | 28,164.70 | 96.04 | 27,049.80 | 0.06% | TL | |||
| 52607FAA2 | LDPT 2021-A A 1 12/15/2028 | 25,690.37 | 99.63 | 25,595.72 | 0.06% | MR | |||
| BL3165380 00004 | HOSTESS BRANDS L 08/03/25 | 25,791.47 | 97.82 | 25,230.50 | 0.06% | TL | |||
| 70410LAA8 | PWNE 2020-1 A 1.37 11/17/2025 | 23,847.94 | 98.56 | 23,505.23 | 0.05% | MR | |||
| 65489MAB0 | NMEF 2019-A B 3.06 8/17/2026 | 22,417.19 | 99.89 | 22,393.12 | 0.05% | MR | |||
| 31573TAC2 | EFMT 2019-2 A3 FRN 11/25/2059 | 22,048.75 | 95.15 | 20,979.41 | 0.05% | MR | |||
| BL3673144 00002 | Flutter Entertainment plc 07/21/26 Term Loan | 19,233.47 | 97.85 | 18,819.95 | 0.04% | TL | |||
| BL3208776 00001 | Vistra (TXU/TCEH) 6/18 Cov-Lite 12/31/25 Term Loan | 18,725.79 | 97.64 | 18,283.02 | 0.04% | TL | |||
| 94981VAY3 | WFMBS 2004-K 2A12 FRN 7/25/2034 | 18,137.22 | 99.97 | 18,131.53 | 0.04% | MR | |||
| BL3673144 00001 | Flutter Entertainment plc 07/21/26 Term Loan | 18,443.43 | 97.85 | 18,046.89 | 0.04% | TL | |||
| BL3165380 00001 | HOSTESS BRANDS LLC 08/03/25 TERM LOAN | 15,210.04 | 97.82 | 14,879.22 | 0.03% | TL | |||
| 38061LAA7 | GLDKR 2014-A A 3.22 3/17/2031 | 13,783.01 | 98.07 | 13,517.03 | 0.03% | MR | |||
| BL3550276 00002 | RESIDEO FUNDING INC 02/11/28 TERM LOAN | 8,818.31 | 97.67 | 8,612.58 | 0.02% | TL | |||
| BL3550276 00003 | RESIDEO FUNDING INC 02/11/28 TERM LOAN | 8,818.31 | 97.67 | 8,612.58 | 0.02% | TL | |||
| 86933YAA4 | SCML 2017-SBC6 A FRN 5/25/2037 | 8,026.89 | 99.66 | 7,999.32 | 0.02% | MR | |||
| 03464NAA0 | AOMT 2018-3 A1 FRN 9/25/2048 | 1,472.63 | 99.52 | 1,465.54 | MR | ||||
| 30260YAA5 | FHF 2020-1A A 2.59 12/15/2023 | 759.92 | 99.94 | 759.46 | MR | ||||
| 03463WAA1 | AOMT 2019-2 A1 FRN 3/25/2049 | 327.15 | 99.75 | 326.33 | MR | ||||
| 91533BAC4 | VIATRIS INC 2.3 6/22/2027 | 157 | 83.23 | 130.67 | B | ||||
| CASH | 1,352,098.83 | 100 | 1,352,098.83 | 3.00% | CA | ||||
| X9USDJPMR | JP MORGAN USD GOVT MONEY MARKET INSTL | 986,620.43 | 1 | 986,620.43 | 2.19% | MM |
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 7/31/2022
MINC Sector Allocation
FUND
Fixed Income Attributes
As of
| Date | Description | MINC |
|---|---|---|
| 07/31/2022 | Duration | 2.18 years |
| Yield to Maturity | 5.18 | |
| 30-Day SEC Subsidized Yield | 2.90% | |
| 30-Day SEC Unsubsidized Yield | 2.90% |
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 | 0.28% |
| Acquired Fund Fees* | 0.01% |
| Net Expense Ratio | 0.76% |
*Total Annual Operating Expenses in this fee table may not correlate to the expense ratio in the Fund’s financial highlights (and the Fund’s
financial statements) because the financial highlights include only the Fund’s direct operating expenses and do not include Acquired Fund Fees
and Expenses, which represent the Fund’s pro rata share of the fees and expenses of the money market funds in which it invested.
Last Ten
Fund Distributions