Touchstone High Yield Fund

Touchstone High Yield Fund

Daily NAV
$
Overall Morningstar RatingTM
High Yield Bond

Morningstar

Overall Morningstar RatingTM is calculated against 592 funds in the High Yield Bond category.

The Morningstar RatingTM for funds, or “star rating,” is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds and separate accounts) with at least a 3-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive five stars, the next 22.5% receive four stars, the next 35%receive three stars, the next 22.5% receive two stars, and the bottom 10%receive one star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% 3-year rating for 36-59 months of total returns, 60% 5-year rating/40% 3-year rating for 60-119 months of total returns, and 50% 10-year rating/30% 5-year rating/20% 3-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent 3-year period actually has the greatest impact because it is included in all three rating periods.

Class A Shares star ratings do not include any front-end sales load and are intended for those investors who have access to such purchase terms.

Overview

Overview

Actively Managed and Sub-Advised by Fort Washington Investment Advisors, Inc.

Objective

The fund seeks to achieve a high level of income by investing primarily in non-investment grade debt securities.

High Yield Fund Commentary

Investment Style

  • Evaluates overall investment opportunities and risks in different industries focusing on those that exhibit the potential for stability and predictability
  • Eliminates certain types of securities from purchase due to their structure
  • Applies rigorous credit selection process in an effort to identify securities that offer attractive investment opportunities
A WORD ABOUT RISK

The Fund invests in debt securities which can lose their value as interest rates rise and are subject to credit risk which is the risk of deterioration in the financial condition of an issuer and/or general economic conditions that can cause the issuer to not make timely payments of principal and interest also causing the securities to decline in value and an investor can lose principal. When interest rates rise, the price of debt securities generally falls. Longer term securities are generally more volatile. The Fund invests in non-investment grade debt securities which are considered speculative with respect to the issuers' ability to make timely payments of interest and principal, may lack liquidity and has had more frequent and larger price changes than other debt securities. Current and future portfolio holdings are subject to risk. The advisor engages the sub-advisor to manage the Fund's portfolio; the sub-advisor's judgment may impact the Fund's performance.

Fund Facts

Symbol
CUSIP
Share Class Inception Date
Total Share Class Net Assets as of 09/30/2018
Total Fund Net Assets as of 09/30/2018 $197,604,936
Asset Class Income
Morningstar Category High Yield Bond
Benchmark ICE BofA Merrill Lynch High Yield Cash Pay Index
Distribution Frequency Monthly
Portfolio Turnover Rate
Fiscal Year End
Prospectus Date 01/30/2018

Performance

Daily Returns as of
NAV NAV $ Change
Touchstone High Yield Fund -
HISTORICAL DAILY NAV
as of 09/30/2018 1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Touchstone High Yield Fund -
Including Sales Charge
Touchstone High Yield Fund -
Excluding Sales Charge
ICE BofA Merrill Lynch High Yield Cash Pay Index 0.58% 2.44% 2.50% 2.89% 8.17% 5.52% 9.30% --
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. From time to time, the investment advisor may waive some fees and/or reimburse expenses, which if not waived or reimbursed, will lower performance. Returns are not annualized for periods of less than one year. Assumes reinvestment of all dividends and capital gains. The maximum front-end sales charge for Class A Shares of Touchstone Fixed Income Funds including Touchstone Flexible Income Fund is 2.00%.
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. From time to time, the investment advisor may waive some fees and/or reimburse expenses, which if not waived or reimbursed, will lower performance. Returns are not annualized for periods of less than one year. Assumes reinvestment of all dividends and capital gains. Performance for Class C Shares is adjusted for the contingent deferred sales charges (CDSC) in effect at the end of the specified period. The CDSC for Class C Shares is 1.00% the first year you hold the shares and declines to 0% after the first year.
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. From time to time, the investment advisor may waive some fees and/or reimburse expenses, which if not waived or reimbursed, will lower performance. Returns are not annualized for periods of less than one year. Assumes reinvestment of all dividends and capital gains. Class Y Shares are sold at net asset value (NAV), without an initial sales charge and are not subject to a 12b-1 fee or contingent deferred sales charges.
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. From time to time, the investment advisor may waive some fees and/or reimburse expenses, which if not waived or reimbursed, will lower performance. Returns are not annualized for periods of less than one year. Assumes reinvestment of all dividends and capital gains. Class INST Shares are sold at net asset value (NAV), without an initial sales charge and are not subject to a 12b-1 fee or contingent deferred sales charges.
The performance presented for Class C, Y, and INST Shares combines the performance of an older class of shares (A Shares) from the Fund's inception, 05/01/00, with the performance since the inception date of each share class.
as of 09/30/2018 1 Year 3 Year 5 Year 10 Year Since Inception
Touchstone High Yield Fund -
Including Sales Charge
Touchstone High Yield Fund -
Excluding Sales Charge
ICE BofA Merrill Lynch High Yield Cash Pay Index 2.89% 8.17% 5.52% 9.30% --
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. From time to time, the investment advisor may waive some fees and/or reimburse expenses, which if not waived or reimbursed, will lower performance. Returns are not annualized for periods of less than one year. Assumes reinvestment of all dividends and capital gains. The maximum front-end sales charge for Class A Shares of Touchstone Fixed Income Funds including Touchstone Flexible Income Fund is 2.00%.
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. From time to time, the investment advisor may waive some fees and/or reimburse expenses, which if not waived or reimbursed, will lower performance. Returns are not annualized for periods of less than one year. Assumes reinvestment of all dividends and capital gains. Performance for Class C Shares is adjusted for the contingent deferred sales charges (CDSC) in effect at the end of the specified period. The CDSC for Class C Shares is 1.00% the first year you hold the shares and declines to 0% after the first year.
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. From time to time, the investment advisor may waive some fees and/or reimburse expenses, which if not waived or reimbursed, will lower performance. Returns are not annualized for periods of less than one year. Assumes reinvestment of all dividends and capital gains. Class Y Shares are sold at net asset value (NAV), without an initial sales charge and are not subject to a 12b-1 fee or contingent deferred sales charges.
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. From time to time, the investment advisor may waive some fees and/or reimburse expenses, which if not waived or reimbursed, will lower performance. Returns are not annualized for periods of less than one year. Assumes reinvestment of all dividends and capital gains. Class INST Shares are sold at net asset value (NAV), without an initial sales charge and are not subject to a 12b-1 fee or contingent deferred sales charges.
The performance presented for Class C, Y, and INST Shares combines the performance of an older class of shares (A Shares) from the Fund's inception, 05/01/00, with the performance since the inception date of each share class.

Consider Touchstone High Yield Fund for Your Portfolio

Investing primarily in non-investment grade debt securities, Touchstone High Yield Fund evaluates overall investment opportunities and risks in different industries that exhibit potential for stability and predictability. It seeks to achieve a high level of income.
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Portfolio

as of 09/30/2018
Number of Holdings
337
Weighted Average Effective Maturity
5.5 Years
Weighted Average Effective Duration
4.3 Years
as of 09/30/2018
Credit Quality % of Portfolio
BBB/Baa 7.2
BB/Ba 55.0
B/B 35.0
CCC or lower 2.4
Cash Equivalents 0.4
Data may not total due to rounding. Credit ratings are from Standard & Poor’s and Moody’s Investors Service. If agency rating differ the higher rating will be used. Where no rating has been assigned, it could be for reasons unrelated to the creditworthiness of the issuer.
There is no guarantee that the Fund will continue to hold any one particular security or stay invested in any one particular sector. Holdings are subject to change.
For the data illustrated for Touchstone Domestic Equity Funds,  Morningstar is the source. For Russell index information,  the Frank Russell Company is the source and owner. For MSCI index information, the MSCI is the source and owner. For the data illustrated for Touchstone Fixed Income Funds,  International/Global Equity Funds and Multi-Asset & Alternative Funds, the fund’s sub-advisor is the source. Calculations for sectors and top holdings exclude cash equivalents. All holdings data is sourced from BNY Mellon Asset Servicing.
as of 09/30/2018
Security Description % of Portfolio
Sprint Corp. 7.13% 06/15/24 1.4
Dish DBS Corp. 5.88% 07/15/22 1.1
Dish DBS Corp. 6.75% 06/01/21 1.1
Rite Aid Corp. 6.13% 04/01/23 0.9
HCA Inc. 5.38% 02/01/25 0.9
HCA Holdings Inc. 5.88% 02/15/26 0.9
Altice Financing 6.63% 02/15/23 0.8
NRG Energy Inc. 6.63% 01/15/27 0.8
Unit Corp. 6.63% 05/15/21 0.8
Teva Pharmaceutical Industries 6.75% 03/01/28 0.8
Data may not total due to rounding. Credit ratings are from Standard & Poor’s and Moody’s Investors Service. If agency rating differ the higher rating will be used. Where no rating has been assigned, it could be for reasons unrelated to the creditworthiness of the issuer.
There is no guarantee that the Fund will continue to hold any one particular security or stay invested in any one particular sector. Holdings are subject to change.
For the data illustrated for Touchstone Domestic Equity Funds,  Morningstar is the source. For Russell index information,  the Frank Russell Company is the source and owner. For MSCI index information, the MSCI is the source and owner. For the data illustrated for Touchstone Fixed Income Funds,  International/Global Equity Funds and Multi-Asset & Alternative Funds, the fund’s sub-advisor is the source. Calculations for sectors and top holdings exclude cash equivalents. All holdings data is sourced from BNY Mellon Asset Servicing.
as of 09/30/2018
Security Description
Country
Coupon Rate (%)
Maturity Date
Shares Par Value
Current Price ($)
Market Value ($)
% of Portfolio
1011778 BC ULC / 4.25% 05/15/2024 CA 4.250 05/15/2024 263,000 94.75 249,193 0.13
1011778 BC ULC / 5.00% 10/15/2025 CA 5.000 10/15/2025 700,000 95.75 670,257 0.34
ABC SUPPLY CO 5.88% 05/15/2026 US 5.880 05/15/2026 870,000 100.25 872,175 0.45
ACADIA HEALTH 5.63% 02/15/2023 US 5.630 02/15/2023 637,000 100.50 640,185 0.33
ACADIA HEALTH 6.50% 03/01/2024 US 6.500 03/01/2024 475,000 103.38 491,031 0.25
ACCO BRANDS CORP 5.25% 12/15/2024 US 5.250 12/15/2024 761,000 99.25 755,293 0.39
ADIENT GLOBAL HO 4.88% 08/15/2026 JE 4.880 08/15/2026 502,000 88.88 446,153 0.23
AES CORP/THE 4.88% 05/15/2023 US 4.880 05/15/2023 554,000 100.88 558,848 0.29
AIRCASTLE LTD 5.50% 02/15/2022 US 5.500 02/15/2022 489,000 103.94 508,275 0.26
ALBERTSONS COS 5.75% 03/15/2025 US 5.750 03/15/2025 1,123,000 90.00 1,010,700 0.52
ALCOA NEDERLAND 6.13% 05/15/2028 NL 6.130 05/15/2028 200,000 102.75 205,500 0.11
ALCOA NEDERLAND 7.00% 09/30/2026 NL 7.000 09/30/2026 1,076,000 107.38 1,155,355 0.59
ALLY FINANCIAL 5.75% 11/20/2025 US 5.750 11/20/2025 180,000 103.25 185,850 0.10
ALTICE FINANCING 6.63% 02/15/2023 LU 6.630 02/15/2023 1,499,000 100.75 1,510,243 0.77
ALTICE FINANCING 7.50% 05/15/2026 LU 7.500 05/15/2026 463,000 97.50 451,425 0.23
ALTICE FRANCE 8.13% 02/01/2027 FR 8.130 02/01/2027 635,000 103.00 654,050 0.33
ALTICE US FIN I 5.38% 07/15/2023 US 5.380 07/15/2023 400,000 101.13 404,500 0.21
ALTICE US FIN I 5.50% 05/15/2026 US 5.500 05/15/2026 561,000 99.88 560,299 0.29
AM AIRLN 13-2 B 5.60% 07/15/2020 US 5.600 07/15/2020 651,763 101.75 663,169 0.34
AMC NETWORKS INC 4.75% 08/01/2025 US 4.750 08/01/2025 265,000 95.63 253,406 0.13
AMC NETWORKS INC 5.00% 04/01/2024 US 5.000 04/01/2024 292,000 98.50 287,620 0.15
AMER WOODMARK CO 4.88% 03/15/2026 US 4.880 03/15/2026 303,000 95.50 289,365 0.15
AMSTED INDS 5.38% 09/15/2024 US 5.380 09/15/2024 774,000 99.00 766,260 0.39
AMSURG CORP 5.63% 07/15/2022 US 5.630 07/15/2022 488,000 102.82 501,762 0.26
ARAMARK SERV INC 5.00% 02/01/2028 US 5.000 02/01/2028 245,000 98.13 240,406 0.12
ARDAGH PKG FIN 6.00% 02/15/2025 IE 6.000 02/15/2025 510,000 97.88 499,163 0.26
ASCENT RESOUR/AR 7.00% 11/01/2026 US 7.000 11/01/2026 789,000 99.63 786,041 0.40
AVIS BUDGET CAR 5.13% 06/01/2022 US 5.130 06/01/2022 798,000 102.64 819,047 0.42
AVIS BUDGET CAR 5.50% 04/01/2023 US 5.500 04/01/2023 446,000 99.47 443,632 0.23
AVON PRODUCTS 6.60% 03/15/2020 US 6.600 03/15/2020 1,173,000 100.50 1,178,865 0.60
B&G FOODS INC 5.25% 04/01/2025 US 5.250 04/01/2025 1,020,000 95.50 974,100 0.50
BALL CORP 4.88% 03/15/2026 US 4.880 03/15/2026 315,000 99.70 314,058 0.16
BANK OF AMER CRP 6.10% 03/17/2049 US 6.100 03/17/2049 791,000 104.75 828,573 0.42
BBA US HOLDINGS 5.38% 05/01/2026 US 5.380 05/01/2026 655,000 100.13 655,819 0.34
BEACON ROOFING S 4.88% 11/01/2025 US 4.880 11/01/2025 521,000 92.13 479,971 0.25
BELO CORP 7.25% 09/15/2027 US 7.250 09/15/2027 985,000 103.50 1,019,475 0.52
BLOCK COMMUNICAT 6.88% 02/15/2025 US 6.880 02/15/2025 339,000 102.50 347,475 0.18
BLUE CUBE SPINCO 9.75% 10/15/2023 US 9.750 10/15/2023 178,000 113.13 201,363 0.10
BLUE RACER MID/F 6.13% 11/15/2022 US 6.130 11/15/2022 584,000 102.63 599,330 0.31
BLUE RACER MID/F 6.63% 07/15/2026 US 6.630 07/15/2026 1,176,000 101.88 1,198,050 0.61
BOMBARDIER INC 6.00% 10/15/2022 CA 6.000 10/15/2022 591,000 100.25 592,501 0.30
BOOZ ALLEN & HAM 5.13% 05/01/2025 US 5.130 05/01/2025 861,000 98.25 845,933 0.43
BRINKER INTL 3.88% 05/15/2023 US 3.880 05/15/2023 555,000 94.25 523,088 0.27
BRINKER INTL 5.00% 10/01/2024 US 5.000 10/01/2024 534,000 94.50 504,630 0.26
BROOKFIELD RESID 6.13% 07/01/2022 CA 6.130 07/01/2022 247,000 100.00 247,000 0.13
BROOKFIELD RESID 6.38% 05/15/2025 CA 6.380 05/15/2025 249,000 98.00 244,020 0.12
BUILDING MAT COR 5.38% 11/15/2024 US 5.380 11/15/2024 989,000 99.88 987,764 0.50
BUILDING MAT COR 6.00% 10/15/2025 US 6.000 10/15/2025 549,000 102.25 561,353 0.29
BWX TECHNOLOGIES 5.38% 07/15/2026 US 5.380 07/15/2026 367,000 100.38 368,376 0.19
CABLEVISION SYS 5.88% 09/15/2022 US 5.880 09/15/2022 769,000 101.94 783,899 0.40
CARDTRONICS INC 5.13% 08/01/2022 US 5.130 08/01/2022 825,000 98.42 811,965 0.42
CARDTRONICS INC 5.50% 05/01/2025 US 5.500 05/01/2025 225,000 95.50 214,875 0.11
CARE CAPITAL 5.13% 08/15/2026 US 5.130 08/15/2026 1,362,000 97.90 1,333,346 0.68
CARRIAGE SERVICE 6.63% 06/01/2026 US 6.630 06/01/2026 788,000 102.25 805,730 0.41
CARRIZO OIL&GAS 6.25% 04/15/2023 US 6.250 04/15/2023 510,000 102.13 520,838 0.27
CASCADES INC 5.50% 07/15/2022 CA 5.500 07/15/2022 523,000 100.75 526,923 0.27
CASCADES INC 5.75% 07/15/2023 CA 5.750 07/15/2023 441,000 100.00 441,000 0.23
CCO HOLDINGS LLC 5.13% 05/01/2027 US 5.130 05/01/2027 797,000 94.75 755,158 0.39
CCO HOLDINGS LLC 5.38% 05/01/2025 US 5.380 05/01/2025 957,000 99.25 949,823 0.49
CCO HOLDINGS LLC 5.75% 01/15/2024 US 5.750 01/15/2024 271,000 101.63 275,404 0.14
CCO HOLDINGS LLC 5.75% 02/15/2026 US 5.750 02/15/2026 1,325,000 100.25 1,328,313 0.68
CCO HOLDINGS LLC 5.88% 04/01/2024 US 5.880 04/01/2024 190,000 101.63 193,088 0.10
CDK GLOBAL INC 4.88% 06/01/2027 US 4.880 06/01/2027 671,000 97.50 654,225 0.33
CDW LLC/CDW FIN 5.50% 12/01/2024 US 5.500 12/01/2024 469,000 103.50 485,415 0.25
CEDAR FAIR LP/CA 5.38% 06/01/2024 US 5.380 06/01/2024 231,000 99.50 229,845 0.12
CENTENE CORP 4.75% 01/15/2025 US 4.750 01/15/2025 613,000 99.75 611,468 0.31
CENTENE CORP 5.38% 06/01/2026 US 5.380 06/01/2026 216,000 102.39 221,152 0.11
CENTRAL GARDEN 5.13% 02/01/2028 US 5.130 02/01/2028 653,000 95.00 620,350 0.32
CENTURY TEL ENTP 6.88% 01/15/2028 US 6.880 01/15/2028 564,000 96.01 541,496 0.28
CENTURYLINK INC 5.63% 04/01/2025 US 5.630 04/01/2025 580,000 97.78 567,124 0.29
CENTURYLINK INC 5.80% 03/15/2022 US 5.800 03/15/2022 584,000 101.75 594,220 0.30
CENTURYLINK INC 6.45% 06/15/2021 US 6.450 06/15/2021 436,000 103.75 452,350 0.23
CENTURYLINK INC 6.75% 12/01/2023 US 6.750 12/01/2023 300,000 103.88 311,625 0.16
CHENIERE CORP CH 5.13% 06/30/2027 US 5.130 06/30/2027 200,000 100.38 200,750 0.10
CHENIERE CORP CH 5.88% 03/31/2025 US 5.880 03/31/2025 638,000 105.13 670,698 0.34
CHENIERE CORP CH 7.00% 06/30/2024 US 7.000 06/30/2024 982,000 109.50 1,075,290 0.55
CHS/COMMUNITY 6.25% 03/31/2023 US 6.250 03/31/2023 544,000 94.97 516,637 0.26
CHURCHILL DOWNS 4.75% 01/15/2028 US 4.750 01/15/2028 735,000 93.50 687,225 0.35
CIMPRESS NV 7.00% 06/15/2026 NL 7.000 06/15/2026 644,000 101.61 654,388 0.33
CIT GROUP INC 6.13% 03/09/2028 US 6.130 03/09/2028 314,000 104.50 328,130 0.17
CLEARWAY ENERGY 5.75% 10/15/2025 US 5.750 10/15/2025 328,000 100.88 330,886 0.17
COMMERCIAL METAL 4.88% 05/15/2023 US 4.880 05/15/2023 300,000 99.16 297,480 0.15
COMMERCIAL METAL 5.75% 04/15/2026 US 5.750 04/15/2026 968,000 97.00 938,960 0.48
COMMSCOPE INC 5.50% 06/15/2024 US 5.500 06/15/2024 703,000 100.75 708,273 0.36
COMMSCOPE TECH 5.00% 03/15/2027 US 5.000 03/15/2027 741,000 96.25 713,213 0.36
COOKE/ALPHA 8.50% 12/15/2022 CA 8.500 12/15/2022 616,000 99.75 614,460 0.31
CORECIVIC INC 4.75% 10/15/2027 US 4.750 10/15/2027 549,000 88.50 485,865 0.25
CORRECTIONS CORP 4.63% 05/01/2023 US 4.630 05/01/2023 323,000 96.00 310,080 0.16
CORRECTIONS CORP 5.00% 10/15/2022 US 5.000 10/15/2022 225,000 98.75 222,188 0.11
COTT HOLDINGS IN 5.50% 04/01/2025 CA 5.500 04/01/2025 818,000 97.63 798,573 0.41
CREDIT ACCEPTANC 6.13% 02/15/2021 US 6.130 02/15/2021 263,000 100.88 265,301 0.14
CREDIT ACCEPTANC 7.38% 03/15/2023 US 7.380 03/15/2023 651,000 104.75 681,923 0.35
CROWN AMER/CAP 4.75% 02/01/2026 US 4.750 02/01/2026 622,000 95.50 594,010 0.30
CSC HOLDINGS LLC 5.25% 06/01/2024 US 5.250 06/01/2024 1,139,000 97.75 1,113,373 0.57
CSC HOLDINGS LLC 6.63% 10/15/2025 US 6.630 10/15/2025 190,000 105.38 200,213 0.10
CUMBERLAND FARMS 6.75% 05/01/2025 US 6.750 05/01/2025 374,000 102.50 383,350 0.20
CVR PARTNERS LP 9.25% 06/15/2023 US 9.250 06/15/2023 761,000 106.00 806,660 0.41
CYRUSONE LP/CYRU 5.00% 03/15/2024 US 5.000 03/15/2024 506,000 101.88 515,488 0.26
CYRUSONE LP/CYRU 5.38% 03/15/2027 US 5.380 03/15/2027 277,000 102.25 283,233 0.14
DAVITA HEALTHCAR 5.13% 07/15/2024 US 5.130 07/15/2024 694,000 96.50 669,710 0.34
DELEK LOG PT/FIN 6.75% 05/15/2025 US 6.750 05/15/2025 725,000 100.75 730,438 0.37
DIAMOND 1 FIN/DI 5.88% 06/15/2021 US 5.880 06/15/2021 148,000 103.00 152,437 0.08
DIAMOND 1 FIN/DI 7.13% 06/15/2024 US 7.130 06/15/2024 1,067,000 107.27 1,144,571 0.59
DIEBOLD INC 8.50% 04/15/2024 US 8.500 04/15/2024 1,670,000 71.50 1,194,050 0.61
DISH DBS CORP 5.88% 07/15/2022 US 5.880 07/15/2022 2,123,000 97.61 2,072,175 1.06
DISH DBS CORP 6.75% 06/01/2021 US 6.750 06/01/2021 2,027,000 102.13 2,070,074 1.06
DOWNSTREAM DEVE 10.50% 02/15/2023 US 10.500 02/15/2023 395,000 102.25 403,888 0.21
DPL INC 7.25% 10/15/2021 US 7.250 10/15/2021 215,000 108.13 232,469 0.12
DREYFUS-GOV C-IN US -- -- 759,078 1.00 759,078 0.39
DYNEGY INC 5.88% 06/01/2023 US 5.880 06/01/2023 302,000 102.88 310,683 0.16
EMC CORP 3.38% 06/01/2023 US 3.380 06/01/2023 711,000 94.67 673,114 0.34
ENDEAVOR ENERGY 5.75% 01/30/2028 US 5.750 01/30/2028 499,000 100.00 499,000 0.26
ENERGIZER G A 6.38% 07/15/2026 US 6.380 07/15/2026 107,000 103.38 110,611 0.06
ENERGIZER SPINCO 5.50% 06/15/2025 US 5.500 06/15/2025 166,000 99.50 165,170 0.08
ENERGY TRANS 5.50% 06/01/2027 US 5.500 06/01/2027 524,000 103.78 543,807 0.28
ENSCO PLC 7.75% 02/01/2026 GB 7.750 02/01/2026 823,000 99.25 816,828 0.42
ENVISION HEALTH 5.13% 07/01/2022 US 5.130 07/01/2022 156,000 102.45 159,822 0.08
ENVISION HEALTH 6.25% 12/01/2024 US 6.250 12/01/2024 90,000 107.50 96,750 0.05
EQUINIX INC 5.38% 05/15/2027 US 5.380 05/15/2027 263,000 100.00 263,000 0.13
ESH HOSPITALITY 5.25% 05/01/2025 US 5.250 05/01/2025 504,000 96.75 487,620 0.25
EW SCRIPPS 5.13% 05/15/2025 US 5.130 05/15/2025 489,000 96.13 470,051 0.24
EXTERRAN SOL/FIN 8.13% 05/01/2025 US 8.130 05/01/2025 204,000 104.50 213,180 0.11
EXTRACTION OIL 5.63% 02/01/2026 US 5.630 02/01/2026 895,000 88.50 792,075 0.40
FIRST DATA CORP 5.00% 01/15/2024 US 5.000 01/15/2024 896,000 100.63 901,600 0.46
FIRST DATA CORP 5.38% 08/15/2023 US 5.380 08/15/2023 503,000 101.53 510,671 0.26
FIRST QUAL FIN C 5.00% 07/01/2025 US 5.000 07/01/2025 748,000 93.50 699,380 0.36
FREEPORT-MC C&G 3.55% 03/01/2022 US 3.550 03/01/2022 1,163,000 96.75 1,125,203 0.58
FREEPORT-MCMORAN 6.88% 02/15/2023 US 6.880 02/15/2023 112,000 106.50 119,280 0.06
FRONTIER COMM 10.50% 09/15/2022 US 10.500 09/15/2022 1,541,000 89.00 1,371,490 0.70
FRONTIER COMM 8.50% 04/01/2026 US 8.500 04/01/2026 298,000 94.50 281,610 0.14
FRONTIER COMM 8.50% 04/15/2020 US 8.500 04/15/2020 290,000 101.00 292,900 0.15
GENESIS ENERGY 6.00% 05/15/2023 US 6.000 05/15/2023 251,000 98.63 247,549 0.13
GENESIS ENERGY 6.25% 05/15/2026 US 6.250 05/15/2026 506,000 95.25 481,965 0.25
GENESIS ENERGY 6.75% 08/01/2022 US 6.750 08/01/2022 581,000 102.00 592,620 0.30
GLP CAP/FIN II 5.25% 06/01/2025 US 5.250 06/01/2025 447,000 101.62 454,241 0.23
GLP CAP/FIN II 5.38% 04/15/2026 US 5.380 04/15/2026 1,025,000 101.55 1,040,898 0.53
GLP CAP/FIN II 5.38% 11/01/2023 US 5.380 11/01/2023 243,000 103.34 251,126 0.13
GLP CAP/FIN II 5.75% 06/01/2028 US 5.750 06/01/2028 432,000 102.88 444,420 0.23
GMAC LLC 8.00% 11/01/2031 US 8.000 11/01/2031 926,000 121.13 1,121,618 0.57
GOLDMAN SACHS GP 5.00% 11/10/2072 US 5.000 11/10/2072 322,000 94.37 303,873 0.16
GOODYEAR TIRE 5.13% 11/15/2023 US 5.130 11/15/2023 984,000 100.00 984,000 0.50
GRAHAM HOLDINGS 5.75% 06/01/2026 US 5.750 06/01/2026 477,000 102.38 488,329 0.25
GRAY TELE INC 5.13% 10/15/2024 US 5.130 10/15/2024 549,000 96.63 530,471 0.27
GROUP 1 AUTO 5.25% 12/15/2023 US 5.250 12/15/2023 1,015,000 98.50 999,775 0.51
GULFPORT ENERGY 6.38% 05/15/2025 US 6.380 05/15/2025 1,493,000 98.00 1,463,140 0.75
H&E EQUIPMENT 5.63% 09/01/2025 US 5.630 09/01/2025 455,000 99.75 453,863 0.23
HANESBRANDS INC 4.63% 05/15/2024 US 4.630 05/15/2024 581,000 97.19 564,659 0.29
HARLAND CLARKE 8.38% 08/15/2022 US 8.380 08/15/2022 34,000 95.88 32,598 0.02
HCA INC 5.38% 02/01/2025 US 5.380 02/01/2025 1,662,000 102.00 1,695,240 0.87
HCA INC 5.38% 09/01/2026 US 5.380 09/01/2026 325,000 101.00 328,250 0.17
HCA INC 5.88% 02/15/2026 US 5.880 02/15/2026 1,602,000 104.13 1,668,083 0.85
HCA INC 5.88% 05/01/2023 US 5.880 05/01/2023 371,000 105.50 391,405 0.20
HEALTHSOUTH CORP 5.75% 11/01/2024 US 5.750 11/01/2024 1,050,000 100.75 1,057,875 0.54
HERTZ CORP 5.88% 10/15/2020 US 5.880 10/15/2020 474,000 99.50 471,630 0.24
HERTZ CORP 7.63% 06/01/2022 US 7.630 06/01/2022 540,000 98.75 533,250 0.27
HILCORP ENERGY I 5.75% 10/01/2025 US 5.750 10/01/2025 345,000 100.38 346,294 0.18
HILTON DOMESTIC 5.13% 05/01/2026 US 5.130 05/01/2026 627,000 99.50 623,865 0.32
HLF FIN SARL LLC 7.25% 08/15/2026 US 7.250 08/15/2026 591,000 101.63 600,604 0.31
HUDBAY MINERALS 7.63% 01/15/2025 CA 7.630 01/15/2025 579,000 103.25 597,818 0.31
INGLES MKTS INC 5.75% 06/15/2023 US 5.750 06/15/2023 949,000 101.25 960,863 0.49
INTELSAT JACKSON 5.50% 08/01/2023 LU 5.500 08/01/2023 416,000 92.13 383,240 0.20
INTELSAT JACKSON 7.50% 04/01/2021 LU 7.500 04/01/2021 49,000 101.25 49,613 0.03
INTL GAME TECH 6.25% 01/15/2027 GB 6.250 01/15/2027 445,000 101.24 450,518 0.23
INTL GAME TECH 6.25% 02/15/2022 US 6.250 02/15/2022 1,051,000 103.63 1,089,099 0.56
IQVIA INC 5.00% 10/15/2026 US 5.000 10/15/2026 425,000 98.25 417,563 0.21
IRON MOUNTAIN 5.75% 08/15/2024 US 5.750 08/15/2024 997,000 99.00 987,030 0.50
J2 CLOUD LLC/INC 6.00% 07/15/2025 US 6.000 07/15/2025 211,000 102.75 216,803 0.11
JAGGED PEAK ENER 5.88% 05/01/2026 US 5.880 05/01/2026 327,000 99.50 325,365 0.17
JAMES HARDIE INT 4.75% 01/15/2025 IE 4.750 01/15/2025 287,000 96.77 277,730 0.14
JB POINDEXTER & 7.13% 04/15/2026 US 7.130 04/15/2026 612,000 103.75 634,950 0.32
JBS USA LLC/JBS 5.88% 07/15/2024 US 5.880 07/15/2024 234,000 98.50 230,490 0.12
JBS USA LUX/FIN 6.75% 02/15/2028 US 6.750 02/15/2028 478,000 99.38 475,013 0.24
JBS USA LUX/FIN 7.25% 06/01/2021 US 7.250 06/01/2021 160,000 101.50 162,400 0.08
JBS USA LUX/FIN 7.25% 06/01/2021 US 7.250 06/01/2021 298,000 101.50 302,470 0.15
KAISER ALUMINUM 5.88% 05/15/2024 US 5.880 05/15/2024 111,000 102.22 113,464 0.06
KFC HLD/PIZZA HU 5.00% 06/01/2024 US 5.000 06/01/2024 638,000 99.19 632,819 0.32
KINROSS GOLD 4.50% 07/15/2027 CA 4.500 07/15/2027 1,060,000 89.38 947,428 0.48
LAMB WESTON HLD 4.63% 11/01/2024 US 4.630 11/01/2024 497,000 97.75 485,818 0.25
LENNAR CORP 4.13% 01/15/2022 US 4.130 01/15/2022 270,000 99.00 267,300 0.14
LENNAR CORP 4.50% 04/30/2024 US 4.500 04/30/2024 388,000 97.92 379,930 0.19
LENNAR CORP 4.75% 05/30/2025 US 4.750 05/30/2025 402,000 97.50 391,950 0.20
LENNAR CORP 4.75% 11/29/2027 US 4.750 11/29/2027 437,000 96.00 419,520 0.21
LENNAR CORP 4.88% 12/15/2023 US 4.880 12/15/2023 398,000 100.75 400,985 0.20
LENNAR CORP 5.38% 10/01/2022 US 5.380 10/01/2022 620,000 102.63 636,275 0.33
LENNAR CORP 5.88% 11/15/2024 US 5.880 11/15/2024 168,000 104.13 174,930 0.09
LEVEL 3 FIN INC 5.63% 02/01/2023 US 5.630 02/01/2023 421,000 101.14 425,778 0.22
LIVE NATION ENT 4.88% 11/01/2024 US 4.880 11/01/2024 305,000 98.00 298,900 0.15
LIVE NATION ENT 5.63% 03/15/2026 US 5.630 03/15/2026 191,000 101.00 192,910 0.10
LOUISIANA-PACIFI 4.88% 09/15/2024 US 4.880 09/15/2024 400,000 99.75 399,000 0.20
LSC COMMUNICATIO 8.75% 10/15/2023 US 8.750 10/15/2023 356,000 101.00 359,560 0.18
MAGNOLIA OIL 6.00% 08/01/2026 US 6.000 08/01/2026 487,000 99.75 485,783 0.25
MALLINCKRODT FIN 4.88% 04/15/2020 LU 4.880 04/15/2020 410,000 99.00 405,900 0.21
MALLINCKRODT FIN 5.75% 08/01/2022 LU 5.750 08/01/2022 687,000 92.25 633,758 0.32
MATCH GROUP INC 5.00% 12/15/2027 US 5.000 12/15/2027 181,000 99.51 180,113 0.09
MATTEL INC 6.75% 12/31/2025 US 6.750 12/31/2025 998,000 98.00 978,040 0.50
MDC PARTNERS INC 6.50% 05/01/2024 CA 6.500 05/01/2024 474,000 88.50 419,490 0.21
MEDNAX INC 5.25% 12/01/2023 US 5.250 12/01/2023 338,000 100.13 338,423 0.17
MEREDITH CORP 6.88% 02/01/2026 US 6.880 02/01/2026 507,000 102.50 519,675 0.27
METLIFE INC 5.25% 12/29/2049 US 5.250 12/29/2049 844,000 101.30 854,972 0.44
MGIC INVT CORP 5.75% 08/15/2023 US 5.750 08/15/2023 642,000 104.50 670,890 0.34
MGM GROWTH/MGM F 5.63% 05/01/2024 US 5.630 05/01/2024 946,000 102.50 969,650 0.50
MGM RESORTS 6.00% 03/15/2023 US 6.000 03/15/2023 1,047,000 103.38 1,082,336 0.55
MPT OP PTNR/FINL 5.25% 08/01/2026 US 5.250 08/01/2026 496,000 99.38 492,900 0.25
MPT OP PTNR/FINL 5.50% 05/01/2024 US 5.500 05/01/2024 202,000 100.50 203,010 0.10
MULTI-COLOR CORP 4.88% 11/01/2025 US 4.880 11/01/2025 804,000 93.50 751,740 0.38
MULTI-COLOR CORP 6.13% 12/01/2022 US 6.130 12/01/2022 436,000 102.25 445,810 0.23
MURPHY OIL USA 5.63% 05/01/2027 US 5.630 05/01/2027 1,076,000 99.25 1,067,930 0.55
NAVIENT CORP 5.00% 10/26/2020 US 5.000 10/26/2020 197,000 101.23 199,425 0.10
NAVIENT CORP 5.88% 10/25/2024 US 5.880 10/25/2024 455,000 98.00 445,900 0.23
NAVIENT CORP 6.50% 06/15/2022 US 6.500 06/15/2022 459,000 103.92 477,007 0.24
NCR CORP 4.63% 02/15/2021 US 4.630 02/15/2021 600,000 99.00 594,000 0.30
NETFLIX INC 4.88% 04/15/2028 US 4.880 04/15/2028 652,000 94.00 612,880 0.31
NEW ENTERPRISE 6.25% 03/15/2026 US 6.250 03/15/2026 701,000 100.75 706,258 0.36
NEW HOME CO 7.25% 04/01/2022 US 7.250 04/01/2022 546,000 102.00 556,920 0.28
NEXSTAR BROADC 5.63% 08/01/2024 US 5.630 08/01/2024 113,000 97.88 110,599 0.06
NGL ENRGY PART/F 6.13% 03/01/2025 US 6.130 03/01/2025 462,000 93.75 433,125 0.22
NGL ENRGY PART/F 7.50% 11/01/2023 US 7.500 11/01/2023 869,000 100.00 869,000 0.44
NGL-CALL10/18 6.88% 10/15/2021 US 6.880 10/15/2021 163,000 101.87 166,048 0.08
NGPL PIPECO LLC 7.77% 12/15/2037 US 7.770 12/15/2037 646,000 122.50 791,350 0.40
NOKIA OYJ 4.38% 06/12/2027 FI 4.380 06/12/2027 362,000 96.25 348,425 0.18
NOVA CHEMICALS 4.88% 06/01/2024 CA 4.880 06/01/2024 565,000 96.28 543,954 0.28
NOVA CHEMICALS 5.25% 08/01/2023 CA 5.250 08/01/2023 373,000 99.44 370,902 0.19
NOVELIS CORP 5.88% 09/30/2026 US 5.880 09/30/2026 764,000 97.70 746,428 0.38
NOVELIS CORP 6.25% 08/15/2024 US 6.250 08/15/2024 191,000 102.38 195,536 0.10
NRG ENERGY INC 5.75% 01/15/2028 US 5.750 01/15/2028 198,000 101.00 199,980 0.10
NRG ENERGY INC 6.63% 01/15/2027 US 6.630 01/15/2027 1,415,000 105.00 1,485,750 0.76
NRG ENERGY INC 7.25% 05/15/2026 US 7.250 05/15/2026 446,000 108.50 483,910 0.25
NUFARM AU LTD/AM 5.75% 04/30/2026 AU 5.750 04/30/2026 889,000 94.38 838,994 0.43
NUMERICABLE-SFR 6.25% 05/15/2024 FR 6.250 05/15/2024 824,000 98.50 811,640 0.41
NUMERICABLE-SFR 7.38% 05/01/2026 FR 7.380 05/01/2026 334,000 100.00 334,000 0.17
OLIN CORP 5.00% 02/01/2030 US 5.000 02/01/2030 284,000 93.25 264,830 0.14
OPEN TEXT CORP 5.88% 06/01/2026 CA 5.880 06/01/2026 776,000 102.94 798,795 0.41
OWENS-BROCKWAY 5.88% 08/15/2023 US 5.880 08/15/2023 256,000 102.88 263,360 0.13
PARKLAND FUEL 6.00% 04/01/2026 CA 6.000 04/01/2026 1,206,000 100.25 1,209,015 0.62
PARTY CITY HLDG 6.63% 08/01/2026 US 6.630 08/01/2026 582,000 101.25 589,275 0.30
PDC ENERGY INC 5.75% 05/15/2026 US 5.750 05/15/2026 421,000 95.00 399,950 0.20
PDC ENERGY INC 6.13% 09/15/2024 US 6.130 09/15/2024 1,012,000 98.38 995,555 0.51
PEABODY ENERGY 6.00% 03/31/2022 US 6.000 03/31/2022 574,000 101.75 584,045 0.30
PENSKE AUTO GRP 5.38% 12/01/2024 US 5.380 12/01/2024 343,000 98.00 336,140 0.17
PERFORMANCE FOOD 5.50% 06/01/2024 US 5.500 06/01/2024 760,000 99.00 752,400 0.38
PILGRIM'S PRIDE 5.75% 03/15/2025 US 5.750 03/15/2025 631,000 96.25 607,338 0.31
PLASTIPAK HOLDIN 6.25% 10/15/2025 US 6.250 10/15/2025 1,036,000 91.25 945,350 0.48
POST HOLDINGS IN 5.00% 08/15/2026 US 5.000 08/15/2026 816,000 94.56 771,569 0.39
POST HOLDINGS IN 5.63% 01/15/2028 US 5.630 01/15/2028 502,000 96.25 483,175 0.25
PRECISION DRILL 7.13% 01/15/2026 CA 7.130 01/15/2026 320,000 102.75 328,800 0.17
PRECISION DRILL 7.75% 12/15/2023 CA 7.750 12/15/2023 477,000 106.13 506,216 0.26
PULTEGROUP INC 5.50% 03/01/2026 US 5.500 03/01/2026 300,000 99.50 298,500 0.15
QEP RESOURCES 5.38% 10/01/2022 US 5.380 10/01/2022 276,000 100.38 277,035 0.14
QEP RESOURCES 5.63% 03/01/2026 US 5.630 03/01/2026 193,000 95.63 184,556 0.09
QTS LP/FINANCE 4.75% 11/15/2025 US 4.750 11/15/2025 652,000 95.77 624,414 0.32
QUAD/GRAPHICS 7.00% 05/01/2022 US 7.000 05/01/2022 810,000 101.25 820,125 0.42
QUEBECOR MEDIA 5.75% 01/15/2023 CA 5.750 01/15/2023 700,000 102.88 720,125 0.37
QUESTAR MARKET 6.80% 03/01/2020 US 6.800 03/01/2020 598,000 104.25 623,415 0.32
QUICKEN LOANS IN 5.25% 01/15/2028 US 5.250 01/15/2028 932,000 92.88 865,595 0.44
QUICKEN LOANS IN 5.75% 05/01/2025 US 5.750 05/01/2025 386,000 99.88 385,518 0.20
QVC INC 5.13% 07/02/2022 US 5.130 07/02/2022 200,000 101.31 202,611 0.10
RADIAN GROUP INC 4.50% 10/01/2024 US 4.500 10/01/2024 430,000 98.25 422,475 0.22
RANGE RESOURCES 5.00% 03/15/2023 US 5.000 03/15/2023 174,000 98.00 170,520 0.09
RANGE RESOURCES 5.00% 08/15/2022 US 5.000 08/15/2022 627,000 98.88 619,946 0.32
RANGE RESOURCES 5.75% 06/01/2021 US 5.750 06/01/2021 15,000 102.88 15,431 0.01
RITE AID CORP 6.13% 04/01/2023 US 6.130 04/01/2023 1,917,000 89.63 1,718,111 0.88
ROCKPOINT GAS ST 7.00% 03/31/2023 CA 7.000 03/31/2023 400,000 101.50 406,000 0.21
ROYAL BK SCOTLND 6.13% 12/15/2022 GB 6.130 12/15/2022 1,372,000 104.56 1,434,557 0.73
SABRE GLBL INC 5.25% 11/15/2023 US 5.250 11/15/2023 246,000 100.00 246,000 0.13
SABRE GLBL INC 5.38% 04/15/2023 US 5.380 04/15/2023 343,000 100.62 345,120 0.18
SCOTTS MIRACLE 5.25% 12/15/2026 US 5.250 12/15/2026 276,000 96.00 264,960 0.14
SELECT MEDICAL 6.38% 06/01/2021 US 6.380 06/01/2021 684,000 101.13 691,695 0.35
SEMGROUP/RR FIN 5.63% 11/15/2023 US 5.630 11/15/2023 581,000 97.25 565,023 0.29
SERVICE CORP 5.38% 05/15/2024 US 5.380 05/15/2024 253,000 101.64 257,159 0.13
SERVICE CORP INT 7.50% 04/01/2027 US 7.500 04/01/2027 125,000 112.44 140,548 0.07
SERVICEMASTER 5.13% 11/15/2024 US 5.130 11/15/2024 896,000 98.50 882,560 0.45
SHELF DRL HOLD 8.25% 02/15/2025 KY 8.250 02/15/2025 1,379,000 103.13 1,422,094 0.73
SILGAN HOLDINGS 4.75% 03/15/2025 US 4.750 03/15/2025 267,000 95.88 255,986 0.13
SIRIUS XM RADIO 5.38% 04/15/2025 US 5.380 04/15/2025 440,000 100.38 441,650 0.23
SIRIUS XM RADIO 5.38% 07/15/2026 US 5.380 07/15/2026 248,000 99.25 246,140 0.13
SLM CORP 7.25% 01/25/2022 US 7.250 01/25/2022 956,000 105.50 1,008,580 0.52
SONIC AUTOMOTIVE 5.00% 05/15/2023 US 5.000 05/15/2023 243,000 94.25 229,028 0.12
SONIC AUTOMOTIVE 6.13% 03/15/2027 US 6.130 03/15/2027 212,000 93.50 198,220 0.10
SOUTHWESTERN ENE 6.20% 01/23/2025 US 6.200 01/23/2025 982,000 99.25 974,635 0.50
SOUTHWESTERN ENE 7.50% 04/01/2026 US 7.500 04/01/2026 896,000 104.75 938,560 0.48
SPRINGLEAF FIN 5.63% 03/15/2023 US 5.630 03/15/2023 641,000 99.63 638,596 0.33
SPRINGLEAF FIN 6.88% 03/15/2025 US 6.880 03/15/2025 382,000 99.75 381,045 0.19
SPRINGLEAF FIN 7.13% 03/15/2026 US 7.130 03/15/2026 328,000 99.50 326,360 0.17
SPRINT CAP CORP 6.88% 11/15/2028 US 6.880 11/15/2028 505,000 100.50 507,525 0.26
SPRINT CORP 7.13% 06/15/2024 US 7.130 06/15/2024 2,599,000 103.75 2,696,463 1.38
SPRINT CORP 7.63% 02/15/2025 US 7.630 02/15/2025 223,000 106.05 236,492 0.12
SPRINT CORP 7.63% 03/01/2026 US 7.630 03/01/2026 293,000 105.88 310,214 0.16
STAPLES INC 8.50% 09/15/2025 US 8.500 09/15/2025 1,402,000 94.25 1,321,385 0.68
STEEL DYNAMICS 4.13% 09/15/2025 US 4.130 09/15/2025 394,000 95.25 375,285 0.19
STEEL DYNAMICS 5.00% 12/15/2026 US 5.000 12/15/2026 376,000 99.50 374,120 0.19
TALLGRASS NRG 4.75% 10/01/2023 US 4.750 10/01/2023 784,000 99.97 783,765 0.40
TALLGRASS NRG 5.50% 01/15/2028 US 5.500 01/15/2028 453,000 100.88 456,964 0.23
TALLGRASS NRG 5.50% 09/15/2024 US 5.500 09/15/2024 1,080,000 101.88 1,100,250 0.56
TAYLOR MORRISON 5.63% 03/01/2024 US 5.630 03/01/2024 1,003,000 98.50 987,955 0.51
TECK RESOURCES 6.25% 07/15/2041 CA 6.250 07/15/2041 588,000 105.00 617,400 0.32
TELECOM IT CAP 6.00% 09/30/2034 LU 6.000 09/30/2034 353,000 95.25 336,233 0.17
TELECOM IT CAP 6.38% 11/15/2033 LU 6.380 11/15/2033 865,000 98.00 847,700 0.43
TELEFLEX INC 4.88% 06/01/2026 US 4.880 06/01/2026 562,000 99.00 556,380 0.28
TENET HEALTHCARE 4.50% 04/01/2021 US 4.500 04/01/2021 223,000 99.50 221,885 0.11
TENET HEALTHCARE 5.13% 05/01/2025 US 5.130 05/01/2025 705,000 98.50 694,425 0.35
TENET HEALTHCARE 6.00% 10/01/2020 US 6.000 10/01/2020 637,000 103.29 657,925 0.34
TENET HEALTHCARE 7.50% 01/01/2022 US 7.500 01/01/2022 320,000 104.38 334,000 0.17
TENNECO INC 5.00% 07/15/2026 US 5.000 07/15/2026 406,000 88.88 360,833 0.18
TERRAFORM POWER 4.25% 01/31/2023 US 4.250 01/31/2023 313,000 97.75 305,958 0.16
TERRAFORM POWER 5.00% 01/31/2028 US 5.000 01/31/2028 313,000 93.00 291,090 0.15
TEVA PHARMACEUTI 6.00% 04/15/2024 NL 6.000 04/15/2024 50,000 101.54 50,772 0.03
TEVA PHARMACEUTI 6.75% 03/01/2028 NL 6.750 03/01/2028 1,389,000 105.49 1,465,208 0.75
T-MOBILE USA INC 6.00% 04/15/2024 US 6.000 04/15/2024 1,196,000 103.63 1,239,355 0.63
T-MOBILE USA INC 6.50% 01/15/2026 US 6.500 01/15/2026 480,000 104.77 502,896 0.26
TRANSDIGM INC 5.50% 10/15/2020 US 5.500 10/15/2020 391,000 100.13 391,489 0.20
TRANSOCEAN 5.88% 01/15/2024 KY 5.880 01/15/2024 104,000 100.88 104,910 0.05
TRANSOCEAN 6.13% 08/01/2025 KY 6.130 08/01/2025 102,000 101.62 103,656 0.05
TRANSOCEAN PHNX2 7.75% 10/15/2024 KY 7.750 10/15/2024 693,600 105.25 730,014 0.37
TRAVELPORT CORP 6.00% 03/15/2026 GB 6.000 03/15/2026 200,000 101.57 203,134 0.10
TRIUMPH GROUP 4.88% 04/01/2021 US 4.880 04/01/2021 439,000 96.50 423,635 0.22
TRIUMPH GROUP 5.25% 06/01/2022 US 5.250 06/01/2022 570,000 94.25 537,225 0.27
TRONOX INC 6.50% 04/15/2026 US 6.500 04/15/2026 906,000 96.25 872,025 0.45
TULLOW OIL PLC 7.00% 03/01/2025 GB 7.000 03/01/2025 554,000 97.50 540,150 0.28
ULTRA RESOURCES 6.88% 04/15/2022 US 6.880 04/15/2022 353,000 47.50 167,675 0.09
ULTRA RESOURCES 7.13% 04/15/2025 US 7.130 04/15/2025 475,000 40.50 192,375 0.10
UNIT CORP 6.63% 05/15/2021 US 6.630 05/15/2021 1,484,000 100.00 1,484,000 0.76
UNITED RENTAL NA 4.63% 10/15/2025 US 4.630 10/15/2025 353,000 97.00 342,410 0.18
UNITED RENTAL NA 5.88% 09/15/2026 US 5.880 09/15/2026 1,067,000 102.63 1,095,009 0.56
UNIVERSAL HOSP 7.63% 08/15/2020 US 7.630 08/15/2020 997,000 100.13 998,246 0.51
UNIVISION COMM 5.13% 02/15/2025 US 5.130 02/15/2025 263,000 93.50 245,905 0.13
UNIVISION COMM 5.13% 05/15/2023 US 5.130 05/15/2023 222,000 95.50 212,010 0.11
UNTD AIR 14-2 B 4.63% 09/03/2022 US 4.630 09/03/2022 155,217 100.38 155,807 0.08
UPCB FINANCE IV 5.38% 01/15/2025 KY 5.380 01/15/2025 374,000 99.88 373,533 0.19
URS CORP/URS FOX 5.00% 04/01/2022 US 5.000 04/01/2022 520,000 101.09 525,668 0.27
VALEANT PHARMA 6.13% 04/15/2025 CA 6.130 04/15/2025 492,000 95.00 467,400 0.24
VERISIGN INC 4.75% 07/15/2027 US 4.750 07/15/2027 954,000 97.47 929,864 0.48
VIASAT INC 5.63% 09/15/2025 US 5.630 09/15/2025 636,000 94.53 601,211 0.31
VISTRA OPERATION 5.50% 09/01/2026 US 5.500 09/01/2026 731,000 101.13 739,224 0.38
WELLCARE HEALTH 5.38% 08/15/2026 US 5.380 08/15/2026 225,000 101.75 228,938 0.12
WILLIAM LYON INC 5.88% 01/31/2025 US 5.880