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Harbor High-Yield Bond Fund (HYFAX)

Please note: The Boards of Trustees of Harbor Funds and Harbor ETF Trust have approved the reorganization (the “Reorganization”) of the Harbor High-Yield Bond Fund, a series of Harbor Funds, into the Harbor Scientific Alpha High-Yield ETF, a series of Harbor ETF Trust that operates as an exchange-traded fund (“ETF”). The Reorganization is expected to occur on or about the close of business on February 24, 2023. Please see "High-Yield Bond Information Statement/Prospectus" in the Documents section of this page for more information.

Overview
Performance
Holdings
Investment Team
Documents

Overview

Current Price

as of 1/31/2023

NAV Price

$8.75disclaimer

NAV Daily Change ($)

-$0.02

NAV Daily Change (%)

-0.23%

NAV YTD Return

2.50%

Current 30-Day Sub. SEC Yield

4.81%

disclaimer

Current 30-Day Unsub. SEC Yield

4.72%

disclaimer

Effective 30-Day Sub. SEC Yield

4.92%

disclaimer

Effective 30-Day Unsub. SEC Yield

4.82%

disclaimer
Morningstar Bronze

Morningstar Analyst Rating™

As of 8/2/2022

The Morningstar Analyst Rating™ is based on the covering Morningstar Analyst's conviction in the fund's ability to outperform its peer group and/or relevant benchmark on a risk-adjusted basis over the long term. Harbor offers several funds with Gold, Silver, or Bronze ratings.

Source: Morningstar

Fund Facts

Inception Date

12/1/2002

Net Expense Ratio

0.65%disclaimer

Gross Expense Ratio

0.74%

Total Net Assets (million)

as of 1/31/2023

$158.301

Ticker

HYFAX

Fund Number

2024

Share Class

Institutional

Top Ten Holdings

as of 12/31/2022

Altice France SA

1.5%

HCA Inc.

0.7%

Sprint Capital Corp.

0.7%

SURGERY CENTER HOLDINGS COMPANY GUAR 144A 04/27 10

0.7%

Tenet Healthcare Corp.

0.6%

Albertsons Companies LLC

0.6%

SIRIUS XM RADIO INC SR UNSECURED 144A 07/28 4

0.6%

Colt Merger Sub Inc.

0.5%

Ford Motor Co.

0.5%

Verscend Escrow Corp.

0.5%

% of Total Holdings:

6.9%

Morningstar Bronze

Morningstar Analyst Rating™

As of 8/2/2022

The Morningstar Analyst Rating™ is based on the covering Morningstar Analyst's conviction in the fund's ability to outperform its peer group and/or relevant benchmark on a risk-adjusted basis over the long term. Harbor offers several funds with Gold, Silver, or Bronze ratings.

Source: Morningstar

left quote

"The compounding of interest income is one of the most underestimated drivers of long term performance."

right quote

Mark Shenkman

President, Shenkman Capital Management, Inc.

Performance

Total Returns

MONTH-END
QUARTER-END
MONTH-BY-MONTH
YEAR-BY-YEAR

Fund Name

3 Mo.

YTD Return

1 Yr.

3 Yr.

5 Yr.

10 Yr.

Since Inception

Net Expense Ratio

Gross Expense Ratio

High-Yield Bond Fund

3.80%

2.50%

-4.35%

1.11%

2.55%

3.50%

5.93%

0.65%disclaimer

0.74%

ICE BofA US Non-Distressed High Yield Index

4.92%

3.60%

-4.76%

0.89%

2.93%

4.34%

6.55%

--

--

ICE BofA US High Yield Index (H0A0)

5.06%

3.91%

-5.14%

1.05%

2.77%

4.20%

7.34%

--

--

Performance data shown represents past performance and is no guarantee of future results. Past performance is net of management fees and expenses and reflects reinvested dividends and distributions. Past performance reflects the beneficial effect of any expense waivers or reimbursements, without which returns would have been lower. Investment returns and principal value will fluctuate and when redeemed may be worth more or less than their original cost. Returns for periods less than one year are not annualized. Current performance may be higher or lower and is available through the most recent month end at harborcapital.com or by calling 800-422-1050.

The ICE BofA US Non-Distressed High Yield Index is a subset of the ICE BofA US High Yield Index (H0A0) including all securities with an option-adjusted spread less than 1,000 basis points. The ICE BofA US High Yield Index (H0A0) is an unmanaged index that tracks the performance of below investment grade U.S. Dollar-denominated corporate bonds publicly issued in the U.S. domestic market. All bonds are U.S. Dollar-denominated and rated Split BBB and below. These unmanaged indices do not reflect fees and expenses and are not available for direct investment.

The ICE BofA US High Yield Index (H0A0) Index is an unmanaged index that tracks the performance of below investment grade U.S. Dollar-denominated corporate bonds publicly issued in the U.S. domestic market. All bonds are U.S. dollar denominated and rated Split BBB and below. This unmanaged index does not reflect fees and expenses and is not available for direct investment.

Price History

CHART
TABLE

Record Date

Reinvest Date

Payable Date

Return of Capital Non Taxable Dist

Ordinary Income

Total Capital Gains

Short Term Capital Gains

Mid Term Capital Gains

Long Term Capital Gains

Total Distribution

Foreign Tax Credit

Reinvest Price

1/30/2023

1/31/2023

1/31/2023

0.00000

0.02392

0.00000

--

0.00000

--

0.02392

0.00000

8.75

12/16/2022

12/19/2022

12/19/2022

0.00000

0.08142

0.00000

--

0.00000

--

0.08142

0.00000

8.62

11/28/2022

11/29/2022

11/29/2022

0.00000

0.03825

0.00000

--

0.00000

--

0.03825

0.00000

8.63

10/27/2022

10/28/2022

10/28/2022

0.00000

0.03728

0.00000

--

0.00000

--

0.03728

0.00000

8.60

9/28/2022

9/29/2022

9/29/2022

0.00000

0.03794

0.00000

--

0.00000

--

0.03794

0.00000

8.37

8/29/2022

8/30/2022

8/30/2022

0.00000

0.04199

0.00000

--

0.00000

--

0.04199

0.00000

8.76

7/27/2022

7/28/2022

7/28/2022

0.00000

0.03875

0.00000

--

0.00000

--

0.03875

0.00000

8.86

6/28/2022

6/29/2022

6/29/2022

0.00000

0.04118

0.00000

--

0.00000

--

0.04118

0.00000

8.54

5/25/2022

5/26/2022

5/26/2022

0.00000

0.03462

0.00000

--

0.00000

--

0.03462

0.00000

9.03

4/27/2022

4/28/2022

4/28/2022

0.00000

0.03315

0.00000

--

0.00000

--

0.03315

0.00000

9.17

3/29/2022

3/30/2022

3/30/2022

0.00000

0.04074

0.00000

--

0.00000

--

0.04074

0.00000

9.44

2/24/2022

2/25/2022

2/25/2022

0.00000

0.03217

0.00000

--

0.00000

--

0.03217

0.00000

9.52

1/27/2022

1/28/2022

1/28/2022

0.00000

0.03026

0.00000

--

0.00000

--

0.03026

0.00000

9.64

12/29/2021

12/30/2021

12/30/2021

0.00000

0.05692

0.00000

--

0.00000

--

0.05692

0.00000

9.91

11/26/2021

11/29/2021

11/29/2021

0.00000

0.03289

0.00000

--

0.00000

--

0.03289

0.00000

9.82

10/27/2021

10/28/2021

10/28/2021

0.00000

0.03436

0.00000

--

0.00000

--

0.03436

0.00000

9.95

9/28/2021

9/29/2021

9/29/2021

0.00000

0.03398

0.00000

0.00000

0.00000

0.00000

0.03398

0.00000

10.00

8/27/2021

8/30/2021

8/30/2021

0.00000

0.03597

0.00000

0.00000

0.00000

0.00000

0.03597

0.00000

10.01

7/28/2021

7/29/2021

7/29/2021

0.00000

0.03590

0.00000

0.00000

0.00000

0.00000

0.03590

0.00000

10.02

6/28/2021

6/29/2021

6/29/2021

0.00000

0.03823

0.00000

0.00000

0.00000

0.00000

0.03823

0.00000

10.02

5/26/2021

5/27/2021

5/27/2021

0.00000

0.03622

0.00000

0.00000

0.00000

0.00000

0.03622

0.00000

9.93

4/28/2021

4/29/2021

4/29/2021

0.00000

0.03479

0.00000

0.00000

0.00000

0.00000

0.03479

0.00000

9.94

3/29/2021

3/30/2021

3/30/2021

0.00000

0.10815

0.00000

0.00000

0.00000

0.00000

0.10815

0.00000

9.87

12/16/2020

12/17/2020

12/17/2020

0.00000

0.14262

0.00000

0.00000

0.00000

0.00000

0.14262

0.00000

9.88

9/28/2020

9/29/2020

9/29/2020

0.00000

0.11416

0.00000

0.00000

0.00000

0.00000

0.11416

0.00000

9.51

6/26/2020

6/29/2020

6/29/2020

0.00000

0.11830

0.00000

0.00000

0.00000

0.00000

0.11830

0.00000

9.27

3/27/2020

3/30/2020

3/30/2020

0.00000

0.12953

0.00000

0.00000

0.00000

0.00000

0.12953

0.00000

8.55

12/13/2019

12/16/2019

12/16/2019

0.00000

0.14938

0.00000

0.00000

0.00000

0.00000

0.14938

0.00000

9.88

9/25/2019

9/26/2019

9/26/2019

0.00000

0.12631

0.00000

0.00000

0.00000

0.00000

0.12631

0.00000

9.87

6/26/2019

6/27/2019

6/27/2019

0.00000

0.12851

0.00000

0.00000

0.00000

0.00000

0.12851

0.00000

9.81

3/27/2019

3/28/2019

3/28/2019

0.00000

0.14445

0.00000

0.00000

0.00000

0.00000

0.14445

0.00000

9.70

12/14/2018

12/17/2018

12/17/2018

0.00000

0.16625

0.00000

0.00000

0.00000

0.00000

0.16625

0.00000

9.42

9/26/2018

9/27/2018

9/27/2018

0.00000

0.13218

0.00000

0.00000

0.00000

0.00000

0.13218

0.00000

9.83

6/27/2018

6/28/2018

6/28/2018

0.00000

0.14097

0.00000

0.00000

0.00000

0.00000

0.14097

0.00000

9.75

3/27/2018

3/28/2018

3/28/2018

0.00000

0.14207

0.00000

0.00000

0.00000

0.00000

0.14207

0.00000

9.83

12/15/2017

12/18/2017

12/18/2017

0.00000

0.15920

0.00000

0.00000

0.00000

0.00000

0.15920

0.00000

10.03

9/27/2017

9/28/2017

9/28/2017

0.00000

0.13852

0.00000

0.00000

0.00000

0.00000

0.13852

0.00000

10.16

6/28/2017

6/29/2017

6/29/2017

0.00000

0.14236

0.00000

0.00000

0.00000

0.00000

0.14236

0.00000

10.12

3/29/2017

3/30/2017

3/30/2017

0.00000

0.13248

0.00000

0.00000

0.00000

0.00000

0.13248

0.00000

10.07

12/16/2016

12/19/2016

12/19/2016

0.00000

0.16150

0.00000

0.00000

0.00000

0.00000

0.16150

0.00000

9.95

9/28/2016

9/29/2016

9/29/2016

0.00000

0.12721

0.00000

0.00000

0.00000

0.00000

0.12721

0.00000

9.97

6/28/2016

6/29/2016

6/29/2016

0.00000

0.12700

0.00000

0.00000

0.00000

0.00000

0.12700

0.00000

9.65

3/29/2016

3/30/2016

3/30/2016

0.00000

0.11153

0.00000

0.00000

0.00000

0.00000

0.11153

0.00000

9.49

12/16/2015

12/17/2015

12/17/2015

0.00000

0.15736

0.00000

0.00000

0.00000

0.00000

0.15736

0.00000

9.35

9/23/2015

9/24/2015

9/24/2015

0.00000

0.12789

0.00000

0.00000

0.00000

0.00000

0.12789

0.00000

9.86

6/26/2015

6/29/2015

6/29/2015

0.00000

0.13329

0.00000

0.00000

0.00000

0.00000

0.13329

0.00000

10.34

3/27/2015

3/30/2015

3/30/2015

0.00000

0.13707

0.00000

0.00000

0.00000

0.00000

0.13707

0.00000

10.46

12/17/2014

12/18/2014

12/18/2014

0.00000

0.14025

0.22079

0.05131

0.00000

0.16948

0.36104

0.00000

10.15

9/24/2014

9/25/2014

9/25/2014

0.00000

0.13316

0.00000

0.00000

0.00000

0.00000

0.13316

0.00000

10.75

6/25/2014

6/26/2014

6/26/2014

0.00000

0.15229

0.00000

0.00000

0.00000

0.00000

0.15229

0.00000

11.08

3/26/2014

3/27/2014

3/27/2014

0.00000

0.12430

0.00000

0.00000

0.00000

0.00000

0.12430

0.00000

10.99

12/16/2013

12/17/2013

12/17/2013

0.00000

0.21014

0.26720

0.01610

0.00000

0.25110

0.47734

0.00000

10.77

9/25/2013

9/26/2013

9/26/2013

0.00000

0.14402

0.00000

0.00000

0.00000

0.00000

0.14402

0.00000

10.95

6/26/2013

6/27/2013

6/27/2013

0.00000

0.14892

0.00000

0.00000

0.00000

0.00000

0.14892

0.00000

10.80

3/27/2013

3/28/2013

3/28/2013

0.00000

0.12251

0.00000

0.00000

0.00000

0.00000

0.12251

0.00000

11.18

12/14/2012

12/17/2012

12/17/2012

0.00000

0.22506

0.02406

0.00000

0.00000

0.02406

0.24912

0.00000

11.10

9/26/2012

9/27/2012

9/27/2012

0.00000

0.14178

0.00000

0.00000

0.00000

0.00000

0.14178

0.00000

11.10

6/27/2012

6/28/2012

6/28/2012

0.00000

0.14881

0.00000

0.00000

0.00000

0.00000

0.14881

0.00000

10.84

3/28/2012

3/29/2012

3/29/2012

0.00000

0.13555

0.00000

0.00000

0.00000

0.00000

0.13555

0.00000

10.87

12/15/2011

12/16/2011

12/16/2011

0.00000

0.21544

0.12406

0.00000

0.00000

0.12406

0.33950

0.00000

10.47

9/28/2011

9/29/2011

9/29/2011

0.00000

0.16582

0.00000

0.00000

0.00000

0.00000

0.16582

0.00000

10.38

6/28/2011

6/29/2011

6/29/2011

0.00000

0.15677

0.00000

0.00000

0.00000

0.00000

0.15677

0.00000

10.93

3/29/2011

3/30/2011

3/30/2011

0.00000

0.15684

0.00000

0.00000

0.00000

0.00000

0.15684

0.00000

11.08

12/16/2010

12/17/2010

12/17/2010

0.00000

0.20183

0.16397

0.11450

0.00000

0.04947

0.36580

0.00000

10.82

9/28/2010

9/29/2010

9/29/2010

0.00000

0.13385

0.00000

0.00000

0.00000

0.00000

0.13385

0.00000

10.97

6/28/2010

6/29/2010

6/29/2010

0.00000

0.17447

0.00000

0.00000

0.00000

0.00000

0.17447

0.00000

10.50

3/29/2010

3/30/2010

3/30/2010

0.00000

0.17140

0.00000

0.00000

0.00000

0.00000

0.17140

0.00000

10.66

12/17/2009

12/18/2009

12/18/2009

0.00000

0.21984

0.04587

0.04587

0.00000

0.00000

0.26571

0.00000

10.42

9/28/2009

9/29/2009

9/29/2009

0.00000

0.15259

0.00000

0.00000

0.00000

0.00000

0.15259

0.00000

10.27

6/26/2009

6/29/2009

6/29/2009

0.00000

0.11630

0.00000

0.00000

0.00000

0.00000

0.11630

0.00000

9.49

3/27/2009

3/30/2009

3/30/2009

0.00000

0.11158

0.00000

0.00000

0.00000

0.00000

0.11158

0.00000

8.94

12/18/2008

12/19/2008

12/19/2008

0.00000

0.11610

0.00000

0.00000

0.00000

0.00000

0.11610

0.00000

8.36

9/26/2008

9/29/2008

9/29/2008

0.00000

0.16539

0.00000

0.00000

0.00000

0.00000

0.16539

0.00000

9.67

6/26/2008

6/27/2008

6/27/2008

0.00000

0.15282

0.00000

0.00000

0.00000

0.00000

0.15282

0.00000

10.18

3/27/2008

3/28/2008

3/28/2008

0.00000

0.19414

0.00000

0.00000

0.00000

0.00000

0.19414

0.00000

10.10

12/18/2007

12/19/2007

12/19/2007

0.00000

0.18401

0.00000

0.00000

0.00000

0.00000

0.18401

0.00000

10.54

9/26/2007

9/27/2007

9/27/2007

0.00000

0.19931

0.00000

0.00000

0.00000

0.00000

0.19931

0.00000

10.83

6/27/2007

6/28/2007

6/28/2007

0.00000

0.16686

0.00000

0.00000

0.00000

0.00000

0.16686

0.00000

11.00

3/28/2007

3/29/2007

3/29/2007

0.00000

0.18490

0.00000

0.00000

0.00000

0.00000

0.18490

0.00000

11.12

12/18/2006

12/19/2006

12/19/2006

0.00000

0.15791

0.06928

0.00000

0.00000

0.06928

0.22719

0.00000

10.96

9/27/2006

9/28/2006

9/28/2006

0.00000

0.19851

0.00000

0.00000

0.00000

0.00000

0.19851

0.00000

10.84

6/28/2006

6/29/2006

6/29/2006

0.00000

0.18897

0.00000

0.00000

0.00000

0.00000

0.18897

0.00000

10.68

3/29/2006

3/30/2006

3/30/2006

0.00000

0.19903

0.00000

0.00000

0.00000

0.00000

0.19903

0.00000

10.92

12/19/2005

12/20/2005

12/20/2005

0.00000

0.20543

0.03550

0.00000

0.00000

0.03550

0.24093

0.00000

10.83

9/28/2005

9/29/2005

9/29/2005

0.00000

0.18929

0.00000

0.00000

0.00000

0.00000

0.18929

0.00000

10.97

6/28/2005

6/29/2005

6/29/2005

0.00000

0.18105

0.00000

0.00000

0.00000

0.00000

0.18105

0.00000

10.96

3/29/2005

3/30/2005

3/30/2005

0.00000

0.18389

0.00000

0.00000

0.00000

0.00000

0.18389

0.00000

11.04

12/29/2004

12/30/2004

12/30/2004

0.00000

0.12772

0.14849

0.04908

0.00000

0.09941

0.27621

0.00000

11.34

9/28/2004

9/29/2004

9/29/2004

0.00000

0.25641

0.00000

0.00000

0.00000

0.00000

0.25641

0.00000

11.18

6/28/2004

6/29/2004

6/29/2004

0.00000

0.17833

0.00000

0.00000

0.00000

0.00000

0.17833

0.00000

10.89

3/29/2004

3/30/2004

3/30/2004

0.00000

0.18023

0.00000

0.00000

0.00000

0.00000

0.18023

0.00000

11.16

12/29/2003

12/30/2003

12/30/2003

0.00000

0.20599

0.06375

0.06375

0.00000

0.00000

0.26974

0.00000

11.18

9/26/2003

9/29/2003

9/29/2003

0.00000

0.17879

0.00000

0.00000

0.00000

0.00000

0.17879

0.00000

10.86

6/26/2003

6/27/2003

6/27/2003

0.00000

0.15962

0.00000

0.00000

0.00000

0.00000

0.15962

0.00000

10.74

3/27/2003

3/28/2003

3/28/2003

0.00000

0.13934

0.00000

0.00000

0.00000

0.00000

0.13934

0.00000

10.28

12/27/2002

12/30/2002

12/30/2002

0.00000

0.00854

0.00000

0.00000

0.00000

0.00000

0.00854

0.00000

10.01

Holdings

Portfolio Characteristics

as of 12/31/2022

High-Yield Bond Fund

ICE BofA US Non-Distressed High Yield Index

Number of Bonds

309

1747

Avg. Market Coupon (%)

0.06

0.06

Duration to Worst (yrs)

2.45

4.32

Wtd. Avg. Maturity (yrs)

4.86

5.57

Top 10 Holdings

as of 12/31/2022

Company Name

Maturity Date

Coupon Rate (%)

Value ($000's)

% of Net Assets

Altice France SA

2/1/2027

8.1

3,142

1.5

HCA Inc.

6/15/2025

7.7

1,494

0.7

Sprint Capital Corp.

11/15/2028

6.9

1,414

0.7

SURGERY CENTER HOLDINGS COMPANY GUAR 144A 04/27 10

4/15/2027

10.0

1,408

0.7

Tenet Healthcare Corp.

2/1/2027

6.3

1,264

0.6

Albertsons Companies LLC

3/15/2026

7.5

1,252

0.6

SIRIUS XM RADIO INC SR UNSECURED 144A 07/28 4

7/15/2028

4.0

1,193

0.6

Colt Merger Sub Inc.

7/1/2025

6.3

1,183

0.5

Ford Motor Co.

4/22/2030

9.6

1,182

0.5

Verscend Escrow Corp.

8/15/2026

9.8

1,138

0.5

% of Total Holdings:

--

--

--

6.9%

This information should not be considered as a recommendation to purchase or sell a particular security. The weightings and holdings mentioned may change at any time and may not represent current or future investments.

as of 12/31/2022

Company Name

Maturity Date

Coupon Rate (%)

Market Value ($000's)

% of Net Assets

Altice France SA

2/1/2027

8.1

3,142

1.5

HCA Inc.

6/15/2025

7.7

1,494

0.7

Sprint Capital Corp.

11/15/2028

6.9

1,414

0.7

SURGERY CENTER HOLDINGS COMPANY GUAR 144A 04/27 10

4/15/2027

10.0

1,408

0.7

Tenet Healthcare Corp.

2/1/2027

6.3

1,264

0.6

Albertsons Companies LLC

3/15/2026

7.5

1,252

0.6

SIRIUS XM RADIO INC SR UNSECURED 144A 07/28 4

7/15/2028

4.0

1,193

0.6

Colt Merger Sub Inc.

7/1/2025

6.3

1,183

0.5

Ford Motor Co.

4/22/2030

9.6

1,182

0.5

Verscend Escrow Corp.

8/15/2026

9.8

1,138

0.5

CEDAR FAIR LP

5/1/2025

5.5

1,090

0.5

UBER TECHNOLOGIES INC COMPANY GUAR 144A 05/25 7.5

5/15/2025

7.5

1,077

0.5

Viasat Inc.

9/15/2025

5.6

1,059

0.5

HCA INC COMPANY GUAR 09/25 7.58

9/15/2025

7.6

1,025

0.5

COLT MERGER SUB INC SR SECURED 144A 07/25 5.75

7/1/2025

5.8

1,008

0.5

Hub International Ltd.

5/1/2026

7.0

1,007

0.5

PLAYTIKA HOLDING CORP COMPANY GUAR 144A 03/29 4.25

3/15/2029

4.3

1,006

0.5

TRANSDIGM INC.

6/15/2026

6.4

972

0.4

AMERIGAS PARTNERS LP

5/20/2024

5.6

906

0.4

UNIVISION COMMUNICATIONS INC.

2/15/2025

5.1

881

0.4

PARK INTERMED HOLDINGS SR SECURED 144A 06/25 7.5

6/1/2025

7.5

875

0.4

SABRE GLBL INC.

4/15/2025

9.3

870

0.4

MGM RESORTS INTL COMPANY GUAR 05/25 6.75

5/1/2025

6.8

849

0.4

NRG ENERGY INC COMPANY GUAR 144A 02/32 3.875

2/15/2032

3.9

848

0.4

DIRECTV HOLDINGS/FING SR SECURED 144A 08/27 5.875

8/15/2027

5.9

845

0.4

Dana Financing Luxembourg Sarl

4/15/2025

5.8

843

0.4

TransDigm Inc.

3/15/2026

6.3

831

0.4

Scientific Games International Inc.

7/1/2025

8.6

831

0.4

CENTENE CORP SR UNSECURED 07/28 2.45

7/15/2028

2.5

829

0.4

FMG RESOURCES AUG 2006 COMPANY GUAR 144A 04/30 5.875

4/15/2030

5.9

814

0.4

MPT OPER PARTNERSP/FINL COMPANY GUAR 03/31 3.5

3/15/2031

3.5

812

0.4

US Foods Inc.

4/15/2025

6.3

806

0.4

Ford Motor Credit Co. LLC

8/17/2027

4.1

786

0.4

Ardagh Packaging Finance plc

4/30/2025

5.3

774

0.4

SPRINGLEAF FINANCE CORP. CO. GUAR 03/24 6.125

3/15/2024

6.1

774

0.4

NAVIENT CORP.

6/25/2025

6.8

772

0.4

Tallgrass Energy Finance Corp.

10/1/2025

7.5

753

0.3

Uniti Group LP / Uniti Fiber Holdings Inc / CSL Capital LLC

2/15/2025

7.9

745

0.3

HILCORP ENERGY I/HILCORP SR UNSECURED 144A 02/31 6

2/1/2031

6.0

744

0.3

PARKLAND CORP/CANADA SR UNSECURED 144A 10/29 4.5

10/1/2029

4.5

740

0.3

Aramark Services Inc.

5/1/2025

6.4

736

0.3

HCA INC COMPANY GUAR 04/24 8.36

4/15/2024

8.4

735

0.3

WESCO DISTRIBUTION INC. CO. GUAR 144A 06/25 7.125

6/15/2025

7.1

726

0.3

Picasso Finance Sub Inc.

6/15/2025

6.1

722

0.3

IRON MOUNTAIN INFOO MGMT COMPANY GUAR 144A 07/32 5

7/15/2032

5.0

721

0.3

VENTURE GLOBAL CALCASIEU SR SECURED 144A 08/29 3.875

8/15/2029

3.9

715

0.3

Seagate HDD Cayman Co.

12/1/2034

5.8

689

0.3

Triumph Group Inc.

6/1/2024

8.9

688

0.3

Regionalcare Hospital Partners Holdings Inc. / LifePoint Health Inc.

12/1/2026

9.8

684

0.3

LIVE NATION ENTERTAINMEN COMPANY GUAR 144A 11/24 4.875

11/1/2024

4.9

679

0.3

Presidio Holdings Inc.

2/1/2028

8.3

679

0.3

ANTERO MIDSTREAM PART/FI SR UNSECURED 144A 05/26 7.875

5/15/2026

7.9

673

0.3

Univision Communications Inc.

6/1/2027

6.6

658

0.3

CENTENNIAL RESOURCE PRODUCTION LLC

4/1/2027

6.9

657

0.3

CDW LLC/CDW Finance Co.

5/1/2025

4.1

657

0.3

PANTHER BF AGGREGATOR 2 LP / PANTHER FINANCE CO. INC.

5/15/2027

8.5

655

0.3

VISTRA OPERATIONS CO LLC SR UNSECURED 144A 05/29 4.375

5/1/2029

4.4

649

0.3

Stericycle Inc.

7/15/2024

5.4

630

0.3

MGM RESORTS INTL COMPANY GUAR 09/26 4.625

9/1/2026

4.6

629

0.3

Global Medical Response Inc.

10/1/2025

6.5

619

0.3

ZF NORTH AMERICA CAPITAL INC.

4/29/2025

4.8

614

0.3

VICI PROPERTIES / NOTE COMPANY GUAR 144A 02/25 3.5

2/15/2025

3.5

609

0.3

Iron Mountain Inc.

7/15/2032

5.6

608

0.3

AMC NETWORKS INC COMPANY GUAR 02/29 4.25

2/15/2029

4.3

606

0.3

TransDigm UK Holdings plc

5/15/2026

6.9

594

0.3

VALEANT PHARMACEUTICALS INTERNATIONAL INC.

11/1/2025

5.5

582

0.3

SCIENTIFIC GAMES INTERNA SR UNSECURED 144A 05/28 7

5/15/2028

7.0

576

0.3

SPRINT CORP.

3/1/2026

7.6

574

0.3

GULFPORT ENERGY CORP COMPANY GUAR 144A 05/26 8

5/17/2026

8.0

573

0.3

Service Properties Trust

10/1/2024

4.3

573

0.3

NuStar Logistics LP

10/1/2025

5.8

571

0.3

Connect Finco Sarl / Connect US Finco LLC

10/1/2026

6.8

569

0.3

BUCKEYE PARTNERS SR UNSECURED 08/33 6.75

8/15/2033

6.8

557

0.3

CNX RESOURCES CORP COMPANY GUAR 144A 01/31 7.375

1/15/2031

7.4

557

0.3

UBER TECHNOLOGIES INC COMPANY GUAR 144A 11/26 8

11/1/2026

8.0

553

0.3

VICI PROPERTIES / NOTE COMPANY GUAR 144A 02/27 5.75

2/1/2027

5.8

552

0.3

INTERNATIONAL GAME TECH 04/26 4.125

4/15/2026

4.1

548

0.3

Occidental Petroleum Corp.

3/15/2040

6.2

546

0.3

ECO MATERIAL TECH INC SR SECURED 144A 01/27 7.875

1/31/2027

7.9

539

0.2

FERRELLGAS ESCROW LLC/FG SR UNSECURED 144A 04/26 5.375

4/1/2026

5.4

536

0.2

MGM RESORTS INTERNATIONAL

6/15/2025

5.8

534

0.2

OCCIDENTAL PETROLEUM COR SR UNSECURED 12/25 5.5

12/1/2025

5.5

531

0.2

PMHC II INC SR UNSECURED 144A 02/30 9

2/15/2030

9.0

529

0.2

Liberty Latin America Ltd.

7/15/2024

2.0

522

0.2

Methanex Corp.

10/15/2027

5.1

516

0.2

Goodyear Tire & Rubber Co.

5/31/2025

9.5

510

0.2

Wyndham Destinations Inc.

7/31/2026

6.6

507

0.2

CSC Holdings LLC

2/1/2029

6.5

506

0.2

BONANZA CREEK ENERGY INC SR UNSECURED 144A 10/26 5

10/15/2026

5.0

504

0.2

GTCR AP Finance Inc.

5/15/2027

8.0

501

0.2

JAGUAR LAND ROVER AUTOMOTIVE PLC

2/1/2023

5.6

498

0.2

MAUSER PACKAGING SOLUTIONS HOLDING CO.

4/15/2025

7.3

495

0.2

SABRE GLBL INC SR SECURED 144A 09/25 7.375

9/1/2025

7.4

495

0.2

ELASTIC NV INDUSTRY 07/29 4.125

7/15/2029

4.1

490

0.2

IQVIA Inc.

5/15/2027

5.0

487

0.2

Transdigm Inc.

12/15/2025

8.0

487

0.2

GRAY TELEVISION INC COMPANY GUAR 144A 07/26 5.875

7/15/2026

5.9

485

0.2

Colt Merger Sub Inc.

7/1/2027

8.1

484

0.2

Antero Midstream Partners LP / Antero Midstream Finance Corp.

3/1/2027

5.8

474

0.2

Southwestern Energy Co.

9/15/2028

8.4

469

0.2

Garda World Security Corp.

11/1/2027

9.5

469

0.2

PETSMART INC/PETSMART FI SR SECURED 144A 02/28 4.75

2/15/2028

4.8

466

0.2

Open Text Corp.

2/15/2028

3.9

466

0.2

CommScope Inc.

3/1/2026

6.0

464

0.2

ROYAL CARIBBEAN CRUISES SR SECURED 144A 06/25 11.5

6/1/2025

11.5

461

0.2

Nfp Corp.

8/15/2028

6.9

458

0.2

VISTRA OPERATIONS CO LLC SR SECURED 144A 05/25 5.125

5/13/2025

5.1

457

0.2

TALLGRASS NRG PRTNR/FIN COMPANY GUAR 144A 09/31 6

9/1/2031

6.0

456

0.2

CSC HOLDINGS LLC COMPANY GUAR 144A 11/31 4.5

11/15/2031

4.5

449

0.2

Boxer Parent Co. Inc.

10/2/2025

7.1

449

0.2

GLOBAL NET LEASE/GLOBAL COMPANY GUAR 144A 12/27 3.75

12/15/2027

3.8

449

0.2

Albertsons Companies LLC

1/15/2027

4.6

449

0.2

PolyOne Corp.

5/15/2025

5.8

445

0.2

TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV

10/1/2026

3.1

442

0.2

EDELMAN FINANCIAL CENTER LLC 2018 2ND LIEN TERM LOAN

7/20/2026

1.0

442

0.2

VALEANT PHARMACEUTICALS COMPANY GUAR 144A 12/25 9

12/15/2025

9.0

441

0.2

LIFEPOINT HEALTH INC COMPANY GUAR 144A 01/29 5.375

1/15/2029

5.4

440

0.2

ACRISURE FINANCE INC.

11/15/2025

7.0

439

0.2

LGI HOMES INC COMPANY GUAR 144A 07/29 4

7/15/2029

4.0

437

0.2

EnPro Industries Inc.

10/15/2026

5.8

436

0.2

BLOCK INC 06/31 3.5

6/1/2031

3.5

436

0.2

XPO CNW INC SR UNSECURED 05/34 6.7

5/1/2034

6.7

435

0.2

SBA COMMUNICATIONS CORP SR UNSECURED 02/29 3.125

2/1/2029

3.1

435

0.2

SPIRIT AIRLINES INC 05/26 1

5/15/2026

1.0

434

0.2

BALL CORP SR UNSECURED 03/28 6.875

3/15/2028

6.9

434

0.2

Ziggo Bond Finance BV

1/15/2027

6.0

433

0.2

OASIS MIDSTREAM PARTNERS SR UNSECURED 144A 04/29 8

4/1/2029

8.0

433

0.2

Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp.

8/1/2026

6.0

432

0.2

ARCHES BUYER INC SR SECURED 144A 06/28 4.25

6/1/2028

4.3

428

0.2

OPEN TEXT CORP SR SECURED 144A 12/27 6.9

12/1/2027

6.9

428

0.2

DISH DBS CORP SR SECURED 144A 12/28 5.75

12/1/2028

5.8

426

0.2

DT MIDSTREAM INC SR UNSECURED 144A 06/31 4.375

6/15/2031

4.4

426

0.2

METIS MERGER SUB LLC SR UNSECURED 144A 05/29 6.5

5/15/2029

6.5

425

0.2

FORD MOTOR CREDIT CO LLC SR UNSECURED 05/27 4.95

5/28/2027

5.0

421

0.2

ILIAD HOLDING SAS SR SECURED 144A 10/26 6.5

10/15/2026

6.5

420

0.2

LIONS GATE CAPITAL HOLD SR UNSECURED 144A 04/29 5.5

4/15/2029

5.5

418

0.2

ROYAL CARIBBEAN CRUISES SR UNSECURED 144A 08/27 11.625

8/15/2027

11.6

417

0.2

GOODYEAR TIRE + RUBBER COMPANY GUAR 07/29 5

7/15/2029

5.0

417

0.2

Hughes Satellite Systems Corp.

8/1/2026

6.6

417

0.2

PRESIDIO HOLDING INC.

2/1/2027

4.9

417

0.2

RLJ LODGING TRUST LP SR SECURED 144A 07/26 3.75

7/1/2026

3.8

416

0.2

ENTEGRIS ESCROW CORP SR UNSECURED 144A 06/30 5.95

6/15/2030

6.0

414

0.2

Penske Automotive Group Co.

9/1/2025

3.5

414

0.2

ENCINO ACQUISITION PARTN COMPANY GUAR 144A 05/28 8.5

5/1/2028

8.5

412

0.2

ARDAGH METAL PACKAGING SR SECURED 144A 06/27 6

6/15/2027

6.0

412

0.2

GFL ENVIRONMENTAL INC SR UNSECURED 144A 08/29 4.375

8/15/2029

4.4

411

0.2

Live Nation Entertainment Inc.

3/15/2026

5.6

408

0.2

ASBURY AUTOMOTIVE GROUP COMPANY GUAR 144A 02/32 5

2/15/2032

5.0

407

0.2

STANDARD INDUSTRIES INC SR UNSECURED 144A 01/31 3.375

1/15/2031

3.4

402

0.2

C&W SENIOR FINANCING DESIGNATED ACTIVITY COMPANY

9/15/2027

6.9

402

0.2

ALLISON TRANSMISSION INC COMPANY GUAR 144A 01/31 3.75

1/30/2031

3.8

401

0.2

LifePoint Health Inc.

4/15/2025

6.8

397

0.2

GFL ENVIRONMENTAL INC COMPANY GUAR 144A 06/29 4.75

6/15/2029

4.8

395

0.2

LIFEPOINT HEALTH INC.

2/15/2027

4.4

391

0.2

CCO HLDGS LLC/CAP CORP SR UNSECURED 144A 02/32 4.75

2/1/2032

4.8

390

0.2

IRB HOLDING CORP. SR SECURED 144A 06/25 7

6/15/2025

7.0

389

0.2

ROYAL CARIBBEAN CRUISES SR SECURED 144A 01/29 8.25

1/15/2029

8.3

387

0.2

Continental Resources Inc.

6/1/2044

4.9

386

0.2

TWILIO INC COMPANY GUAR 03/31 3.875

3/15/2031

3.9

385

0.2

SABLE INTERNATIONAL FINANCE LTD.

9/7/2027

5.8

383

0.2

FORD MOTOR CREDI SR UNSECURED 06/31 3.625

6/17/2031

3.6

382

0.2

LITHIA MOTORS INC SR UNSECURED 144A 06/29 3.875

6/1/2029

3.9

380

0.2

Navient Corp.

9/25/2023

7.3

378

0.2

TRANSALTA CORP SR UNSECURED 11/29 7.75

11/15/2029

7.8

377

0.2

FORD MOTOR CO.

1/15/2043

4.8

376

0.2

THOR INDUSTRIES SR UNSECURED 144A 10/29 4

10/15/2029

4.0

370

0.2

CENTENNIAL RESOURCE PRODUCTION LLC

1/15/2026

5.4

369

0.2

GRAFTECH FINANCE INC SR SECURED 144A 12/28 4.625

12/15/2028

4.6

369

0.2

PARKLAND CORP/CANADA COMPANY GUAR 144A 05/30 4.625

5/1/2030

4.6

368

0.2

CCO Holdings LLC

5/1/2026

5.5

365

0.2

JAGUAR LAND ROVER AUTOMO SR UNSECURED 144A 01/28 5.875

1/15/2028

5.9

363

0.2

Sprint Capital Corp.

3/15/2032

8.8

361

0.2

CSC HOLDINGS LLC TERM LOAN B

7/17/2025

1.0

359

0.2

ENCOMPASS HEALTH CORP COMPANY GUAR 04/31 4.625

4/1/2031

4.6

359

0.2

Group 1 Automotive Inc. Co.

8/15/2028

4.0

358

0.2

L Brands Inc.

11/1/2035

6.9

356

0.2

Sensata Technologies Inc.

2/15/2030

4.4

356

0.2

INEOS QUATTRO FINANCE 2 01/26 3.375

1/15/2026

3.4

353

0.2

NABORS INDUSTRIES LTD.

1/15/2028

7.5

352

0.2

PREMIER ENTERTAINMENT SU COMPANY GUAR 144A 09/31 5.875

9/1/2031

5.9

350

0.2

OCCIDENTAL PETROLEUM COR SR UNSECURED 03/26 5.55

3/15/2026

5.5

349

0.2

CONSENSUS CLOUD SOLUTION COMPANY GUAR 144A 10/28 6.5

10/15/2028

6.5

349

0.2

MONEYGRAM INTERNATIONAL SR SECURED 144A 08/26 5.375

8/1/2026

5.4

348

0.2

ALTA EQUIPMENT GROUP SECURED 144A 04/26 5.625

4/15/2026

5.6

345

0.2

NRG Energy Inc.

6/15/2029

5.3

344

0.2

NABORS INDUSTRIES INC COMPANY GUAR 144A 05/27 7.375

5/15/2027

7.4

343

0.2

OLYMPUS WTR US HLDG CORP OLYMPUS WTR US HLDG CORP

10/1/2027

7.1

343

0.2

COMPASS GROUP DIVERSIFIE SR UNSECURED 144A 01/32 5

1/15/2032

5.0

341

0.2

ALBERTSONS COS/SAFEWAY COMPANY GUAR 144A 03/29 3.5

3/15/2029

3.5

341

0.2

PENSKE AUTOMOTIVE GROUP COMPANY GUAR 06/29 3.75

6/15/2029

3.8

341

0.2

SM ENERGY CO SR UNSECURED 07/28 6.5

7/15/2028

6.5

338

0.2

Amerigas Partners LP

5/20/2027

5.8

338

0.2

ZIPRECRUITER INC SR UNSECURED 144A 01/30 5

1/15/2030

5.0

338

0.2

NGL ENRGY OP/FIN CORP SR SECURED 144A 02/26 7.5

2/1/2026

7.5

335

0.2

MOLINA HEALTHCARE INC SR UNSECURED 144A 05/32 3.875

5/15/2032

3.9

335

0.2

EQM MIDSTREAM PARTNERS L SR UNSECURED 07/48 6.5

7/15/2048

6.5

335

0.2

FRONTIER COMMUNICATIONS SR SECURED 144A 05/30 8.75

5/15/2030

8.8

334

0.2

Archrock Partners LP / Archrock Partners Finance Corp.

4/1/2028

6.3

334

0.2

AETHON UN/AETHIN UN FIN SR UNSECURED 144A 02/26 8.25

2/15/2026

8.3

333

0.2

CCO Holdings LLC / CCO Holdings Capital Corp.

2/1/2031

4.3

330

0.2

ENERFLEX LTD SR SECURED 144A 10/27 9

10/15/2027

9.0

330

0.2

MATCH GROUP INC.

12/15/2027

5.0

329

0.2

B&G FOODS INC.

4/1/2025

5.3

328

0.2

CELANESE US HOLDINGS LLC COMPANY GUAR 07/32 6.379

7/15/2032

6.4

327

0.2

SYNEOS HEALTH INC 01/29 3.625

1/15/2029

3.6

327

0.2

Catalent Pharma Solutions Inc.

7/15/2027

5.0

326

0.2

Zayo Group Holdings Inc.

3/1/2027

4.0

326

0.2

MARRIOTT OWNERSHIP RESOR COMPANY GUAR 01/28 4.75

1/15/2028

4.8

325

0.2

AMC NETWORKS INC.

8/1/2025

4.8

325

0.2

Illuminate Buyer LLC / Illuminate Holdings IV Inc.

7/1/2028

9.0

325

0.1

JAGUAR LAND ROVER AUTOMO SR UNSECURED 144A 10/25 7.75

10/15/2025

7.8

324

0.1

Allied Universal Holdco LLC

7/15/2026

6.6

324

0.1

AMERICAN FIN TR/FINAN OP COMPANY GUAR 144A 09/28 4.5

9/30/2028

4.5

323

0.1

RP ESCROW ISSUER LLC SR SECURED 144A 12/25 5.25

12/15/2025

5.3

323

0.1

CARRIAGE PURCHASER INC SR UNSECURED 144A 10/29 7.875

10/15/2029

7.9

322

0.1

GOODYEAR TIRE + RUBBER COMPANY GUAR 05/26 5

5/31/2026

5.0

321

0.1

CONDUENT BUS SERVICES SR SECURED 144A 11/29 6

11/1/2029

6.0

320

0.1

NEXTERA ENERGY OPERATING COMPANY GUAR 144A 07/24 4.25

7/15/2024

4.3

320

0.1

TARGA RESOURCES PARTNERS COMPANY GUAR 07/27 6.5

7/15/2027

6.5

320

0.1

COLGATE ENERGY P SR UNSECURED 144A 07/29 5.875

7/1/2029

5.9

318

0.1

Antero Midstream Partners LP / Antero Midstream Finance Corp.

1/15/2028

5.8

318

0.1

SERVICE PROPERTIES TRUST SR UNSECURED 01/28 3.95

1/15/2028

4.0

317

0.1

CCO Holdings LLC / CCO Holdings Capital Corp.

6/1/2029

5.4

317

0.1

NCL CORPORATION LTD SR SECURED 144A 02/27 5.875

2/15/2027

5.9

317

0.1

TRITON WATER HOLDINGS IN SR UNSECURED 144A 04/29 6.25

4/1/2029

6.3

317

0.1

KENNEDY WILSON INC COMPANY GUAR 02/30 4.75

2/1/2030

4.8

316

0.1

CONSOLIDATED ENERGY FIN 10/28 5.625

10/15/2028

5.6

316

0.1

AMERICAN AXLE + MFG INC COMPANY GUAR 10/29 5

10/1/2029

5.0

314

0.1

TENET HEALTHCARE CORP.

11/15/2031

6.9

314

0.1

Post Holdings Inc.

4/15/2030

4.6

312

0.1

UNIVISION COMMUNICATIONS SR SECURED 144A 06/30 7.375

6/30/2030

7.4

312

0.1

NORTHWEST FIBER LLC/NORT SR SECURED 144A 04/27 4.75

4/30/2027

4.8

310

0.1

MOLINA HEALTHCARE INC SR UNSECURED 144A 11/30 3.875

11/15/2030

3.9

310

0.1

LCPR Senior Secured Financing DAC

10/15/2027

6.8

309

0.1

MIDAS OPCO HOLDINGS LLC 08/29 5.625

8/15/2029

5.6

306

0.1

Moss Creek Resources Holdings Inc.

1/15/2026

7.5

302

0.1

ATHENAHEALTH INC 2022 TERM LOAN B

2/15/2029

0.0

300

0.1

Trinseo LLC

9/1/2025

5.4

293

0.1

CLARIOS GLOBAL LP 2021 USD TERM LOAN B

4/30/2026

0.0

292

0.1

DISH NETWORK CORP SR UNSECURED 03/24 2.375

3/15/2024

2.4

291

0.1

COBRA ACQUISITIONCO LLC COMPANY GUAR 144A 11/29 6.375

11/1/2029

6.4

290

0.1

OT MERGER CORP SR UNSECURED 144A 10/29 7.875

10/15/2029

7.9

290

0.1

FINASTRA USA, INC. DOLLAR TERM

6/13/2025

1.0

288

0.1

CSC Holdings LLC

1/15/2030

5.8

280

0.1

USGARDEN SPINCO CORP 07/30 8.625

7/20/2030

8.6

280

0.1

Buckeye Partners LP

11/15/2043

5.8

278

0.1

LIBERTY INTERACTIVE LLC SR UNSECURED 02/30 3.75

2/15/2030

3.8

275

0.1

Pike Corp.

9/1/2028

5.5

272

0.1

PELOTON INTERACTIVE INC SR UNSECURED 02/26 0.00000

2/15/2026

0.0

266

0.1

Teleflex Inc.

6/1/2028

4.3

262

0.1

Tegna Inc. Co.

3/15/2026

4.8

262

0.1

OCCIDENTAL PETROLEUM COR SR UNSECURED 05/31 7.5

5/1/2031

7.5

260

0.1

SPIRIT AEROSYSTEMS INC SR SECURED 144A 11/29 9.375

11/30/2029

9.4

259

0.1

AVANTOR FUNDING INC COMPANY GUAR 144A 11/29 3.875

11/1/2029

3.9

258

0.1

ORGANON FINANCE 1 LLC SR UNSECURED 144A 04/31 5.125

4/30/2031

5.1

258

0.1

NRG ENERGY INC.

1/15/2027

6.6

257

0.1

INTERNATIONAL GAME TECHNOLOGY PLC

1/15/2027

6.3

256

0.1

TRONOX INC SR UNSECURED 144A 03/29 4.625

3/15/2029

4.6

255

0.1

DaVita Inc.

2/15/2031

3.8

252

0.1

GXO LOGISTICS INC SR UNSECURED 07/31 2.65

7/15/2031

2.6

250

0.1

Ally Financial Inc.

11/1/2031

8.0

249

0.1

AVIENT CORP SR UNSECURED 144A 08/30 7.125

8/1/2030

7.1

248

0.1

BOXER PARENT CO INC SECURED 144A 03/26 9.125

3/1/2026

9.1

248

0.1

Telesat Canada / Telesat LLC

6/1/2027

4.9

243

0.1

ALTICE FRANCE SA SR SECURED 144A 10/29 5.5

10/15/2029

5.5

242

0.1

LIVONGO HEALTH COMPANY GUAR 06/25 0.875

6/1/2025

0.9

238

0.1

PETSMART INC/PETSMART FI COMPANY GUAR 144A 02/29 7.75

2/15/2029

7.8

235

0.1

Vertical U.S. Newco Inc.

7/15/2027

5.3

235

0.1

SPLUNK INC 06/27 1.125

6/15/2027

1.1

234

0.1

Cablevision Lightpath LLC

9/15/2028

5.6

229

0.1

WEATHERFORD INTERNATIONA SR SECURED 144A 09/28 6.5

9/15/2028

6.5

221

0.1

Exact Sciences Corp.

3/15/2027

0.4

219

0.1

CENTURYLINK INC.

2/15/2027

4.0

218

0.1

NCR Corp.

10/1/2028

5.0

215

0.1

OPTIV INC SECOND LIEN

1/31/2025

1.0

214

0.1

Navient Corp. MTN

8/1/2033

5.6

214

0.1

DIGITALOCEAN HLDGS 12/26 0

12/1/2026

0.0

211

0.1

OKTA INC 06/26 0.375

6/15/2026

0.4

209

0.1

BLACKLINE INC SR 03/26 0

3/15/2026

0.0

208

0.1

BENTLEY SYSTEMS 07/27 0.375

7/1/2027

0.4

206

0.1

SQUARE INC 11/27 0.25

11/1/2027

0.3

206

0.1

BLOCK INC SR UNSECURED 03/25 0.125

3/1/2025

0.1

206

0.1

CHEGG INC.

3/15/2025

0.1

203

0.1

HLF FIN SARL LLC/HERBALI COMPANY GUAR 144A 06/29 4.875

6/1/2029

4.9

201

0.1

QVC Inc.

8/15/2034

5.5

201

0.1

WAYFAIR INC SR UNSECURED 144A 09/27 3.25

9/15/2027

3.3

200

0.1

REDFIN CORP SR UNSECURED 04/27 0.5

4/1/2027

0.5

200

0.1

GLOBAL INFRASTRUCTURE SO SR UNSECURED 144A 04/32 7.5

4/15/2032

7.5

199

0.1

DRAFTKINGS INC 03/28 0

3/15/2028

0.0

198

0.1

MAGIC MERGERCO INC SR UNSECURED 144A 05/29 7.875

5/1/2029

7.9

194

0.1

GLOBAL INFRASTRUCTURE SO COMPANY GUAR 144A 06/29 5.625

6/1/2029

5.6

178

0.1

Navient Corp.

10/25/2024

5.9

176

0.1

POLAR US BORROWER LLC SR UNSECURED 144A 05/26 6.75

5/15/2026

6.8

176

0.1

Navient Corp. MTN

1/25/2023

5.5

170

0.1

SCIL IV LLC / SCIL USA H SR SECURED 144A 11/26 5.375

11/1/2026

5.4

170

0.1

Telecom Italia Capital SA

9/30/2034

6.0

170

0.1

TIME WARNER CABLE LLC SR SECURED 07/38 7.3

7/1/2038

7.3

159

0.1

Albertsons Companies LLC

2/15/2028

5.9

156

0.1

LIVE NATION ENTERTAINMEN SR SECURED 144A 05/27 6.5

5/15/2027

6.5

152

0.1

ACRISURE LLC / FIN INC SR UNSECURED 144A 08/26 10.125

8/1/2026

10.1

152

0.1

Marriott Ownership Resorts Inc.

9/15/2025

6.1

138

0.1

CROWNROCK LP/CROWNROCK F SR UNSECURED 144A 05/29 5

5/1/2029

5.0

103

0.0

DIAMOND SPORTS GR/DIAMON SECURED 144A 08/26 5.375

8/15/2026

5.4

93

0.0

Telesat Canada / Telesat LLC

10/15/2027

6.5

71

0.0

ENTERCOM MEDIA CORP SECURED 144A 03/29 6.75

3/31/2029

6.8

64

0.0

ATHENAHEALTH INC 2022 DELAYED DRAW TERM LOAN

2/15/2029

0.0

51

0.0

AG TTMT ESCROW ISSUER SR SECURED 144A 09/27 8.625

9/30/2027

8.6

33

0.0

ENTERCOM MEDIA CORP.

5/1/2027

6.5

24

0.0

ARD FINANCE SA

6/30/2027

6.5

0

0.0

Total

--

--

142,339

66.0

Cash and Other Assets Less Liabilities

--

--

--

34.0

Total Net Assets

--

--

--

100%

as of 12/31/2022

Economic Sector

High-Yield Bond Fund %

CONSUMER DISCRETIONARY

12.8

COMMUNICATION SERVICES

12.0

ENERGY

8.2

HEALTH CARE

7.8

INDUSTRIALS

6.7

INFORMATION TECHNOLOGY

5.2

MATERIALS

3.6

REAL ESTATE

3.3

FINANCIALS

2.8

UTILITIES

2.4

CONSUMER STAPLES

2.0

as of 12/31/2022

Maturity

High-Yield Bond Fund %

ICE BofA US Non-Distressed High Yield Index %

0-1 yr

0.5

--

1-3 yr

18.4

--

3-5 yr

22.3

0.2

5-7 yr

14.4

29.9

7-10 yr

9.0

55.3

10-20 yr

1.6

14.6

20-30 yr

0.7

--

Over 30 yr

0.0

--

as of 12/31/2022

Duration

High-Yield Bond Fund %

ICE BofA US Non-Distressed High Yield Index %

0-1 yr

1.8

0.4

1-3 yr

26.1

24.9

3-5 yr

23.5

40.7

5-7 yr

12.4

28.7

7-10 yr

2.1

3.5

10-20 yr

0.9

1.7

20-30 yr

0.0

--

Over 30 yr

0.0

--

Investment Team

Shenkman Capital Management, Inc.


Shenkman Capital Management, Inc. is an independently owned traditional and alternative credit manager. Over the past 30+ years, Shenkman has focused on the leveraged finance market, earning a reputation as a pioneer in the asset class as well as an early practitioner of credit research analytics. They seek to be a world leader in the research and management of leveraged finance investments for institutional and high net worth investors. Shenkman’s philosophy for achieving high risk-adjusted returns is to preserve capital under all market conditions and to maximize compound interest income through a disciplined and rigorous process predicated on comprehensive, fundamental analysis.

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