Portfolio Characteristics

As of 12/31/2019

High-Yield Bond Fund
ICE BofAML US Non-Distressed High Yield Index
Beta vs. Fund Benchmark
0.94
Number of Issues
450
1625
Average Market Coupon (%)
5.93
6.17
Yield to Maturity (%)
5.25
5.26
Weighted Avg. Maturity (yrs)
5.65
6.01
Duration to Worst (yrs)
2.34
3.03

Top 10 Holdings

As of 12/31/2019

Company Name
Maturity Date
Coupon Rate (%)
Value ($000's)
% of Net Assets
Centene Corp.
12/15/2029
4.6
4,422
0.9
Dell International LLC / EMC Corp.
6/15/2024
7.1
4,417
0.9
United Rentals North America Inc.
12/15/2026
6.5
3,890
0.8
CSC Holdings LLC
10/15/2025
10.9
3,358
0.7
Centene Corp.
6/1/2026
5.4
3,350
0.7
MGM Resorts International
3/15/2022
7.8
3,254
0.7
Hughes Satellite Systems Corp.
6/15/2021
7.6
3,211
0.7
Nationstar Mortgage LLC / Nationstar Capital
7/1/2021
6.5
3,133
0.6
Marriott Ownership Resorts Inc. / Ilg LLC
9/15/2026
6.5
3,097
0.6
Wex Inc.
2/1/2023
4.8
3,031
0.6

Full Holdings

As of 12/31/2019

Company Name [Ticker]
Country
Shares (000's)
Current Price ($)
Market Value ($000's)
% of Net Assets
Centene Corp.
United States
4,189
105.57
4,422
0.9
Dell International LLC / EMC Corp.
United States
4,182
105.625
4,417
0.9
United Rentals North America Inc.
United States
3,533
110.091
3,890
0.8
CSC Holdings LLC [ALLVF4294568]
United States
3,000
111.938
3,358
0.7
Centene Corp.
United States
3,151
106.31
3,350
0.7
MGM Resorts International
United States
2,914
111.678
3,254
0.7
Hughes Satellite Systems Corp. [SATS3827478]
United States
3,000
107.027
3,211
0.7
Nationstar Mortgage LLC / Nationstar Capital [NSM4013488]
United States
3,116
100.54
3,133
0.6
Marriott Ownership Resorts Inc. / Ilg LLC [MAR4854679]
United States
2,840
109.062
3,097
0.6
Wex Inc. [WXS3961536]
United States
3,000
101.042
3,031
0.6
Hilton Domestic Operating Co. Inc. [HLT4827495]
United States
2,839
105.535
2,996
0.6
Stars Group Holdings BV
Netherlands
2,939
101.008
2,969
0.6
Navient Corp. MTN
United States
2,600
108.822
2,829
0.6
Nielsen Finance LLC
United States
2,725
100.553
2,740
0.6
Stars Group Holdings BV / Stars Group US Co. Borrower LLC [TSG4651555]
Netherlands
2,500
108.56
2,714
0.6
Sprint Capital Corp. [SFTBF3703037]
United States
2,500
107.935
2,698
0.6
Connect Finco Sarl / Connect US Finco LLC [CFCG4888460]
United Kingdom
2,500
106.625
2,666
0.6
Dish DBS Corp.
United States
2,500
106.124
2,653
0.5
TEGNA Inc. [GCI4176161]
United States
2,525
103.125
2,604
0.5
MPT Operating Partnership LP / MPT Finance Corp. [MPTO4336690]
United States
2,500
104.122
2,603
0.5
Sprint Communications Inc.
United States
2,400
105.053
2,521
0.5
Lions Gate Capital Holdings LLC [LGF4791438]
United States
2,282
104.751
2,390
0.5
Diamond Sports Group LLC / Diamond Sports Finance Co.
United States
2,307
101.343
2,338
0.5
Standard Industries Inc. [SODE4179064]
United States
2,220
102.999
2,287
0.5
Garda World Security Corp.
Canada
2,270
100.708
2,286
0.5
Vici Properties Inc. [VCIP4552450]
United States
2,100
108.667
2,282
0.5
Eagle Holding Co. II LLC [EGEE4831757]
United States
2,235
101.716
2,273
0.5
CenturyLink Inc. [CTL3828008]
United States
2,150
105.305
2,264
0.5
GCI LLC [GNCMA4842338]
United States
2,040
108.542
2,214
0.5
Vistra Operations Co. LLC
United States
2,111
104.683
2,210
0.5
Granite Acquisition Inc.
United States
2,154
100.542
2,166
0.4
Tempo Acquisition LLC / Tempo Acquisition Finance Corp. [BX4486848]
United States
2,080
103.499
2,153
0.4
Block Communications Inc. [BLKC4455046]
United States
2,050
103.999
2,132
0.4
Molina Healthcare Inc. [MOH4404426]
United States
2,000
106.476
2,130
0.4
Virgin Media Secured Finance plc
United Kingdom
2,000
106.06
2,121
0.4
GFL Environmental Inc. [GFLE4629963]
Canada
2,000
105.925
2,118
0.4
Tenet Healthcare Corp.
United States
2,000
105.75
2,115
0.4
OCI NV [OCINF4623222]
Netherlands
2,000
104.60
2,092
0.4
Refinitiv US Holdings Inc.
United States
2,064
100.958
2,084
0.4
Starwood Property Trust Inc. [STWD4520679]
United States
2,000
103.975
2,080
0.4
Bausch Health Cos. Inc.
Canada
1,950
104.209
2,032
0.4
Inmarsat Finance plc [IMASF4127783]
United Kingdom
2,000
101.438
2,029
0.4
NRG Energy Inc.
United States
1,847
109.435
2,021
0.4
Viasat Inc. [VIAS4539936]
United States
1,890
103.209
1,951
0.4
Twitter Inc.
United States
1,920
100.198
1,924
0.4
Oasis Petroleum Inc. [OAS3872795]
United States
1,925
98.00
1,887
0.4
Intelsat Jackson Holdings SA [I4685800]
Luxembourg
2,045
91.292
1,867
0.4
Diamond Sports Group LLC / Diamond Sports Finance Co.
United States
1,904
97.435
1,855
0.4
UPCB Finance IV Ltd. [UPCB4229332]
Cayman Islands
1,800
103.009
1,854
0.4
Diebold Nixdorf Inc.
United States
1,753
105.75
1,854
0.4
Tenet Healthcare Corp.
United States
1,750
104.865
1,835
0.4
Open Text Corp. [OTEX4201968]
Canada
1,795
101.959
1,830
0.4
Avis Budget Car Rental LLC / Avis Budget Finance Inc. [CAR4848757]
United States
1,750
104.253
1,824
0.4
Springleaf Finance Corp.
United States
1,675
108.807
1,823
0.4
CCO Holdings LLC/ CCO Holdings Capital Corp. [CHTR4233436]
United States
1,750
103.459
1,811
0.4
Valeant Pharmaceuticals International Inc.
Canada
1,750
102.375
1,792
0.4
Iron Mountain Inc.
United States
1,750
102.334
1,791
0.4
DaVita Inc.
United States
1,725
102.709
1,772
0.4
HCA Inc. [HCA.GE]
United States
1,465
120.792
1,770
0.4
Murphy Oil Corp. [MUR3937501]
United States
1,900
92.344
1,755
0.4
Centene Corp.
United States
1,700
103.06
1,752
0.4
GW B-CR Security Corp. [GWBS4903235]
Canada
1,629
106.935
1,742
0.4
Nustar Logistics LP [NS4040703]
United States
1,650
104.04
1,717
0.4
Molina Healthcare Inc. [MOH4499547]
United States
1,637
103.042
1,687
0.3
Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp. [TPGE4656967]
United States
1,635
102.785
1,681
0.3
Avantor Inc. [AVNO4545131]
United States
1,500
111.962
1,679
0.3
Nabors Industries Inc. [NBR4684755]
United States
1,860
90.292
1,679
0.3
Genesis Energy LP [GEL4269565]
United States
1,650
101.178
1,669
0.3
Suburban Propane Partners LP [SPH4453983]
United States
1,600
104.285
1,669
0.3
T-Mobile USA Inc.
United States
1,542
107.406
1,656
0.3
Altice Financing SA
Luxembourg
1,622
101.959
1,654
0.3
Qep Resources Inc.
United States
1,689
97.778
1,651
0.3
XPO Logistics Inc. [XPO4393544]
United States
1,592
103.439
1,647
0.3
XPO Logistics Inc. [XPO4255653]
United States
1,600
102.078
1,633
0.3
NGL Energy Partners LP [NGL4416731]
United States
1,600
100.622
1,610
0.3
ESH Hospitality Inc. [STAY4240900]
United States
1,540
103.584
1,595
0.3
TransDigm UK Holdings plc [TDG4629489]
United Kingdom
1,480
106.785
1,580
0.3
Altice France SA
France
1,535
102.94
1,580
0.3
Post Holdings Inc.
United States
1,500
104.959
1,574
0.3
Cott Holdings Inc. [COT4465349]
United States
1,500
104.709
1,571
0.3
Williams Scotsman International Inc. [TDRCP4568804]
United States
1,494
104.531
1,562
0.3
Arconic Inc.
United States
1,500
103.129
1,547
0.3
Kennedy-Wilson Inc.
United States
1,500
102.749
1,541
0.3
Vistra Operations Co. LLC [VSTE4842777]
United States
1,500
101.997
1,530
0.3
Standard Industries Inc. [SODE4337119]
United States
1,500
101.874
1,528
0.3
Informatica LLC [INFA4254788]
United States
1,500
101.749
1,526
0.3
Rockies Express Pipeline LLC [KMI3682110]
United States
1,455
104.594
1,522
0.3
Live Nation Entertainment Inc. [LYV4893727]
United States
1,465
103.685
1,519
0.3
AHP Health Partners Inc. [ARHS4645512]
United States
1,361
110.16
1,499
0.3
Global Partners LP [GLP4305720]
United States
1,450
103.292
1,498
0.3
Sirius XM Radio Inc.
United States
1,408
105.209
1,481
0.3
AHP Health Partners Inc.
United States
1,455
100.969
1,469
0.3
PQ Corp. [PQG4358695]
United States
1,410
103.624
1,461
0.3
CCO Holdings LLC/ CCO Holdings Capital Corp.
United States
1,355
106.935
1,449
0.3
T-Mobile USA Inc.
United States
1,380
104.966
1,449
0.3
Bombardier Inc.
Canada
1,400
103.128
1,444
0.3
Avantor Inc. [AVNO4545129]
United States
1,350
106.832
1,442
0.3
Crownrock Finance Inc. [CNRK4549491]
United States
1,405
102.249
1,437
0.3
Altice France SA
France
1,326
107.549
1,426
0.3
Summit Materials LLC / Summit Materials Finance Corp. [SUMS4277354]
United States
1,400
101.75
1,425
0.3
Fmg Resources August 2006 Pty Ltd. [FMGF4495539]
Australia
1,365
103.428
1,412
0.3
Frontdoor Inc. [SVM4667126]
United States
1,267
109.285
1,385
0.3
Parkland Fuel Corp. [PKIUF4611753]
Canada
1,300
105.815
1,376
0.3
AMC Networks Inc.
United States
1,345
102.25
1,375
0.3
Darling Ingredients Inc. [DAR4814990]
United States
1,290
106.607
1,375
0.3
Bombardier Inc.
Canada
1,250
109.788
1,372
0.3
Univision Communications Inc. [UVN4211728]
United States
1,370
99.125
1,358
0.3
Dell International LLC / EMC Corp. [DMFP4372327]
United States
1,323
101.688
1,345
0.3
Jaguar Holding Co. II [JAGZ4275593]
United States
1,300
103.468
1,345
0.3
William Morris Endeavor Entertainment LLC
United States
1,310
99.75
1,307
0.3
Meredith Corp.
United States
1,250
104.255
1,303
0.3
Tronox Inc. [TROX4616478]
United States
1,250
103.273
1,291
0.3
Solarwinds Holdings Inc.
United States
1,267
100.896
1,278
0.3
SBA Communications Corp. [SBAC4641491]
United States
1,250
102.124
1,277
0.3
C&W Senior Financing Designated Activity Company [CWSF4730350]
Ireland
1,170
108.518
1,270
0.3
RegionalCare Hospital Partners Holdings Inc. [APO4356445]
United States
1,195
105.813
1,264
0.3
Pdc Energy Inc. [PETD4650889]
United States
1,250
100.003
1,250
0.3
AMC Networks Inc.
United States
1,240
100.584
1,247
0.3
Kar Auction Services Inc. [KAR4499457]
United States
1,195
104.209
1,245
0.3
Compass Group Diversified Holdings LLC [CODI4619582]
United States
1,140
108.535
1,237
0.3
GFL Environmental Inc.
Canada
1,234
100.277
1,237
0.3
Ard Finance SA [AADH4909391]
Luxembourg
1,190
103.58
1,233
0.3
Ford Motor Credit Co. LLC
United States
1,215
101.03
1,228
0.3
Flex Acquisition Co. Inc. [FXCQ4444476]
United States
1,215
100.999
1,227
0.3
Allied Universal Holdco LLC [ALUV4854487]
United States
1,145
107.059
1,226
0.3
Eldorado Resorts Inc.
United States
1,155
105.459
1,218
0.3
Telesat Canada / Telesat LLC [LCMU4892015]
Canada
1,156
104.435
1,207
0.2
Greystar Real Estate Partners LLC [GYSX4564268]
United States
1,158
103.999
1,204
0.2
Hertz Corp.
United States
1,110
108.488
1,204
0.2
Ancestry.com Inc.
United States
1,220
98.563
1,202
0.2
Univision Communications Inc. [UVN4007875]
United States
1,200
100.00
1,200
0.2
Quicken Loans Inc. [QULN4573999]
United States
1,155
103.732
1,198
0.2
Standard Industries Inc.
United States
1,160
102.732
1,192
0.2
Alcoa Nederland Holding BV [AA4633284]
Netherlands
1,095
108.435
1,187
0.2
US Renal Care Inc.
United States
1,187
99.425
1,180
0.2
Sabre Glbl Inc. [SABR4308464]
United States
1,146
102.874
1,179
0.2
Murphy Oil Corp.
United States
1,120
105.125
1,177
0.2
LCPR Senior Secured Financing DAC
Ireland
1,105
106.185
1,173
0.2
Ensign Drilling Inc. [ESVIF4819087]
Canada
1,235
94.624
1,169
0.2
Solenis International LP
United States
1,180
99.042
1,168
0.2
Jaguar Holding Co. II
United States
1,146
100.653
1,154
0.2
IQVIA Inc.
United States
1,080
106.018
1,145
0.2
Anixter Inc. [AXE4405838]
United States
1,075
105.542
1,135
0.2
Mauser Packaging Solutions Holding Co.
United States
1,125
99.828
1,123
0.2
RegionalCare Hospital Partners Holdings Inc.
United States
1,110
100.927
1,120
0.2
American Axle & Manufacturing Inc.
United States
1,100
101.656
1,118
0.2
Cinemark USA Inc.
United States
1,100
101.381
1,115
0.2
BJ's Wholesale Club Inc.
United States
1,098
100.799
1,107
0.2
Albertsons Companies LLC
United States
1,065
103.792
1,105
0.2
Ally Financial Inc.
United States
985
112.125
1,104
0.2
SRC Energy Inc. [SRCI4642888]
United States
1,085
100.999
1,096
0.2
GFL Environmental Inc. [GFLE4823697]
Canada
990
110.185
1,091
0.2
Altice Financing SA
Luxembourg
1,012
107.685
1,090
0.2
TransDigm Inc.
United States
1,075
101.308
1,089
0.2
Xpo Logistics Inc.
United States
1,000
108.844
1,088
0.2
NCR Corp.
United States
1,000
108.697
1,087
0.2
AES Corp.
United States
1,065
101.60
1,082
0.2
TransDigm Inc.
United States
1,045
103.344
1,080
0.2
Telenet Finance Luxembourg Notes Sarl
Luxembourg
1,000
107.573
1,076
0.2
Intelsat Jackson Holdings SA [I4132951]
Luxembourg
1,245
86.113
1,072
0.2
Lennar Corp.
United States
1,000
107.167
1,072
0.2
CSC Holdings LLC [ALLVF4770958]
United States
1,000
106.87
1,069
0.2
EnPro Industries Inc. [NPO4821615]
United States
1,000
106.785
1,068
0.2
CSC Holdings LLC
United States
940
113.232
1,064
0.2
Hilton Domestic Operating Co. Inc.
United States
1,000
106.173
1,062
0.2
Teleflex Inc. [TFX4566956]
United States
1,000
106.166
1,062
0.2
Ziggo Bond Finance BV [ZIGGF4405397]
Netherlands
1,000
105.732
1,057
0.2
International Game Technology plc [IGT4231733]
United Kingdom
1,000
105.678
1,057
0.2
Performance Food Group Inc.
United States
985
107.128
1,055
0.2
Dae Funding LLC [DBWO4521588]
United States
1,000
105.243
1,052
0.2
DAE Funding LLC [DBWO4764047]
United States
1,000
105.167
1,052
0.2
Match Group Inc. [IACI4389757]
United States
1,000
105.167
1,052
0.2
Novelis Corp. [HNDNF4394513]
United States
1,000
105.124
1,051
0.2
Blue Cube Spinco LLC
United States
975
107.781
1,051
0.2
Centurylink Inc. [CTL.HE]
United States
1,000
104.90
1,049
0.2
Ascent Resources Utica Holdings LLC / Aru Finance Corp. [UTIC4722273]
United States
1,300
80.035
1,040
0.2
Quicken Loans Inc. [QULN4240907]
United States
1,000
103.584
1,036
0.2
New Red Finance Inc.
Canada
1,000
103.459
1,035
0.2
Change Healthcare Holdings LLC [CGHL4452899]
United States
1,000
102.999
1,030
0.2
Irb Holding Corp. [IRBH4587986]
United States
980
105.035
1,029
0.2
Targa Resources Partners LP / Targa Resources Partners Finance Corp.
United States
1,000
102.875
1,029
0.2
Freeport-McMoRan Inc.
United States
978
104.982
1,027
0.2
Covanta Holding Corp. [CVA4463002]
United States
970
105.792
1,026
0.2
Sunoco LP / Sunoco Finance Corp. [SUN4739368]
United States
1,000
102.544
1,025
0.2
EW Scripps Co. [SSP4486955]
United States
1,000
102.542
1,025
0.2
New Enterprise Stone & Lime Co. Inc. [NWET4606957]
United States
975
105.035
1,024
0.2
Nova Chemicals Corp. [ANZ4030193]
Canada
1,000
102.378
1,024
0.2
Grinding Media Inc. [GDIC4433294]
United States
1,000
102.124
1,021
0.2
Zayo Group LLC [ZAYO4444914]
United States
1,000
101.91
1,019
0.2
Iron Mountain Inc.
United States
1,000
101.812
1,018
0.2
Bausch Health Cos. Inc. [BHC4203136]
Canada
1,009
100.792
1,017
0.2
Penske Automotive Group Inc. [PAG4020181]
United States
1,000
101.624
1,016
0.2
Dell International LLC / EMC Corp.
United States
900
112.701
1,014
0.2
Stericycle Inc. [SRCL4844139]
United States
964
105.209
1,014
0.2
Graham Holdings Co. [GHC4637951]
United States
945
107.035
1,011
0.2
GTCR AP Finance Inc. [GTPF4829993]
United States
965
104.285
1,006
0.2
Griffon Corp. [GFF4138251]
United States
1,000
100.624
1,006
0.2
Regionalcare Hospital Partners Holdings Inc. / LifePoint Health Inc. [LPNT4768415]
United States
877
113.253
993
0.2
Talen Energy Supply LLC
United States
940
105.405
991
0.2
Teva Pharmaceutical Finance Netherlands III BV
Netherlands
1,020
97.027
990
0.2
L Brands Inc.
United States
1,100
89.678
986
0.2
Nationstar Mortgage Holdings Inc. [WAND4651651]
United States
925
106.061
981
0.2
Brinker International Inc. [EAT4005057]
United States
965
101.50
979
0.2
Bausch Health Cos. Inc.
United States
850
114.065
970
0.2
AMN Healthcare Inc. [AHS4891516]
United States
960
100.535
965
0.2
SSL Robotics LLC [MAXR4913566]
United States
885
109.00
965
0.2
American Builders & Contractors Supply Co. Inc. [ABLC4629416]
United States
900
106.435
958
0.2
Murphy Oil Corp.
United States
870
109.535
953
0.2
Camelot Finance SA
Luxembourg
915
102.937
942
0.2
Cascades Inc./ Cascades USA Inc. [CADNF4912245]
Canada
905
103.00
932
0.2
Sirius XM Radio Inc.
United States
850
108.309
921
0.2
Starwood Property Trust Inc. [STWD4590926]
United States
900
100.915
908
0.2
Freeport-McMoRan Inc.
United States
880
101.428
893
0.2
Tenneco Inc. [TEN4371224]
United States
960
92.253
886
0.2
Ladder Capital Finance Corp. [LADP4540808]
United States
850
104.042
884
0.2
Crestwood Midstream Partners LP / Crestwood Midstream Finance Corp. [CMLP4821354]
United States
870
101.628
884
0.2
T-Mobile USA Inc.
United States
850
103.542
880
0.2
Entercom Media Corp. [ETM4825445]
United States
820
107.285
880
0.2
Ryman Hospitality Properties Inc. [RHP4884490]
United States
845
103.435
874
0.2
LABL Escrow Issuer LLC [LABL4848229]
United States
820
106.437
873
0.2
Enlink Midstream LLC [ENLC4818695]
United States
920
94.232
867
0.2
CCO Holdings LLC/ CCO Holdings Capital Corp. [CHTR3887876]
United States
850
101.303
861
0.2
Sprint Corp.
United States
810
105.932
858
0.2
Corecivic Inc. [CXW4553073]
United States
1,000
85.753
858
0.2
Navient Corp. MTN
United States
800
107.00
856
0.2
HCA Inc.
United States
750
113.898
854
0.2
Iheartcommunications Inc.
United States
770
110.685
852
0.2
Michaels Stores Inc. [MIK4850727]
United States
889
95.685
851
0.2
Ardagh Packaging Finance plc
Ireland
800
105.125
841
0.2
Virgin Media Finance plc [DTCQ4167103]
United Kingdom
800
103.292
826
0.2
NRG Energy Inc.
United States
760
108.31
823
0.2
Refinitiv US Holdings Inc.
United States
750
109.31
820
0.2
Jagged Peak Energy LLC [JAG4626930]
United States
790
103.485
818
0.2
Callon Petroleum Co. [CPE4640205]
United States
800
101.745
814
0.2
Acadia Healthcare Co. Inc. [ACHC4170130]
United States
794
101.031
802
0.2
Fidelity & Guaranty Life Holdings Inc. [HRG4623301]
United States
750
106.749
801
0.2
Alliance Resource Operating Partners LP [ARLP4483433]
United States
875
91.25
798
0.2
Triumph Group Inc. [TGI4882378]
United States
754
105.334
794
0.2
Sensata Technologies UK Financing Co. plc [SU4310908]
United Kingdom
730
107.935
788
0.2
Blue Racer Midstream LLC [BRMQ4183023]
United States
800
98.178
785
0.2
VICI Properties LP / VICI Note Co. Inc.
United States
750
104.685
785
0.2
Tallgrass Energy Finance Corp. [TEP4714718]
United States
785
99.999
785
0.2
Cheniere Energy Partners LP [BX4652726]
United States
750
104.458
783
0.2
Bombardier Inc. [BDRB4218239]
Canada
757
103.374
783
0.2
Hub International Ltd.
United States
776
100.086
777
0.2
Nova Chemicals Corp. [ANZ4502016]
Canada
750
103.459
776
0.2
Ziggo Bond Finance BV [ZIGGF4202720]
Netherlands
750
103.355
775
0.2
T-Mobile USA Inc.
United States
750
103.126
773
0.2
Irb Holding Corp.
United States
761
100.632
766
0.2
T-Mobile USA Inc.
United States
750
102.009
765
0.2
HCA Inc.
United States
685
111.628
765
0.2
Project Alpha Intermediate Holding Inc.
United States
754
101.063
762
0.2
Navient Corp.
United States
750
101.585
762
0.2
VICI Properties LP / VICI Note Co. Inc.
United States
735
103.184
758
0.2
Trinseo LLC [TRNQ4531838]
Luxembourg
750
100.25
752
0.2
Springleaf Finance Corp.
United States
685
109.749
752
0.2
Asbury Automotive Group Inc. [ABG4202100]
United States
725
103.459
750
0.2
MGM Resorts International
United States
680
109.959
748
0.2
Albertsons Companies LLC
United States
745
100.065
745
0.2
Springleaf Finance Corp.
United States
650
113.999
741
0.2
CommScope Inc.
United States
695
106.562
741
0.2
CNX Midstream Partners LP [CNXM4609705]
United States
800
92.535
740
0.2
Indigo Natural Resources LLC [IIGN4595031]
United States
785
94.253
740
0.2
Matador Resources Co. [MTDR4770388]
United States
735
100.503
739
0.2
Moog Inc. [MOG4923098]
United States
715
102.01
729
0.2
Centurylink Inc.
United States
655
110.535
724
0.1
DCP Midstream Operating LP
United States
690
103.935
717
0.1
Boyd Gaming Corp. [BYD4914140]
United States
685
104.06
713
0.1
NetFlix Inc.
United States
700
101.748
712
0.1
Unit Corp. [UNT.AA]
United States
1,285
55.225
710
0.1
USA Compression Partners LP / USA Compression Finance Corp. [USAC4800990]
United States
680
104.345
710
0.1
Sinclair Television Group Inc.
United States
685
102.435
702
0.1
Freeport-McMoRan Inc.
United States
675
103.76
700
0.1
Triumph Group Inc. [TGI4532213]
United States
665
104.562
695
0.1
Albertsons Companies LLC
United States
650
106.435
692
0.1
Buckeye Partners LP
United States
715
96.589
691
0.1
Antero Midstream Partners LP / Antero Midstream Finance Corp. [AM4800383]
United States
780
88.19
688
0.1
Berry Global Inc.
United States
650
105.657
687
0.1
ASGN Inc. [ASGN4912888]
United States
665
102.973
685
0.1
Univision Communications Inc.
United States
692
98.911
684
0.1
Extraction Oil & Gas Inc. [XOG4520200]
United States
1,085
62.792
681
0.1
GCP Applied Technologies Inc. [GRA4615705]
United States
645
105.285
679
0.1
Goodyear Tire & Rubber Co.
United States
665
101.96
678
0.1
Norbord Inc. [BAM4848773]
Canada
650
104.035
676
0.1
Cumulus Media New Holdings Inc. [CUMU4846348]
United States
630
107.312
676
0.1
Tri Pointe Group Inc. [TPH4366405]
United States
650
102.79
668
0.1
Viking Cruises Ltd.
Bermuda
621
107.06
665
0.1
Summit Midstream Holdings LLC [SMLP4454357]
United States
866
76.667
664
0.1
Scientific Games International Inc.
United States
600
110.437
663
0.1
Jaguar Land Rover Automotive plc [TTM4550440]
United Kingdom
750
88.232
662
0.1
Scientific Games International Inc.
United States
630
105.00
662
0.1
Wyndham Destinations Inc.
United States
658
100.438
661
0.1
Wpx Energy Inc.
United States
625
105.685
661
0.1
Quebecor Media Inc. [QBCR3996733]
Canada
600
108.834
653
0.1
Gulfport Energy Corp. [GPOR4530193]
United States
915
71.25
652
0.1
Allied Universal Holdco LLC [ALUV4854485]
United States
600
107.657
646
0.1
CenturyLink Inc.
United States
630
102.013
643
0.1
FMG Resources August 2006 Pty Ltd. [FMGF4606979]
Australia
600
105.874
635
0.1
Tesla Inc.
United States
650
97.249
632
0.1
Adient Global Holdings Ltd. [ADNT4391896]
Jersey
700
89.503
627
0.1
Archrock Partners LP / Archrock Partners Finance Corp. [EXH4926721]
United States
605
103.25
625
0.1
Sabra Health Care LP [CCP4445168]
United States
580
107.681
625
0.1
T-Mobile USA Inc.
United States
600
102.624
616
0.1
Credit Acceptance Corp. [CACC4923801]
United States
590
104.096
614
0.1
Terraform Power Operating LLC [BEP4571624]
United States
583
103.196
602
0.1
Bombardier Inc. [BDRB4113904]
Canada
600
100.22
601
0.1
Landry's Inc. [LNY4549713]
United States
575
103.749
597
0.1
Alterra Mountain Co.
United States
583
100.734
587
0.1
Williams Scotsman International Inc. [TDRCP4667907]
United States
555
105.542
586
0.1
Toll Brothers Finance Corp.
United States
586
99.378
582
0.1
Transocean Inc. [RIG4550447]
Cayman Islands
588
98.982
582
0.1
goeasy Ltd. [EHMEF4911708]
Canada
565
102.042
577
0.1
Ngpl Pipeco LLC [KMP4523174]
United States
555
103.879
577
0.1
Wellcare Health Plans Inc. [WCG4465330]
United States
550
104.249
573
0.1
LTF Merger Sub Inc. [LTM4255731]
United States
550
102.292
563
0.1
Springleaf Finance Corp.
United States
538
104.565
563
0.1
Talen Energy Supply LLC [TLN4850630]
United States
545
102.285
557
0.1
Hughes Satellite Systems Corp. [SATS4486277]
United States
500
111.285
556
0.1
Bausch Health Cos. Inc.
Canada
485
114.435
555
0.1
HCA Inc. [HCA3918312]
United States
500
110.725
554
0.1
Newmark Group Inc. [BGCP4799708]
United States
500
110.27
551
0.1
Amerigas Partners LP
United States
500
109.982
550
0.1
Speedway Motorsports LLC [TRK4899138]
United States
540
101.625
549
0.1
Avolon Holdings Funding Ltd.
Cayman Islands
500
109.45
547
0.1
Adient US LLC
United States
500
109.187
546
0.1
Parsley Energy LLC / Parsley Finance Corp.
United States
515
105.935
546
0.1
Nascar Holdings Inc.
United States
539
101.203
546
0.1
Acrisure LLC / Acrisure Finance Inc. [ACUE4789686]
United States
500
108.938
545
0.1
Scientific Games International Inc.
United States
500
108.935
545
0.1
Springleaf Finance Corp.
United States
500
108.00
540
0.1
Lennar Corp.
United States
500
107.935
540
0.1
Telecom Italia Capital SA [TI.GH]
Luxembourg
500
107.482
537
0.1
Telesat Canada / Telesat LLC [LCMU4917187]
Canada
525
102.00
536
0.1
Post Holdings Inc.
United States
500
106.815
534
0.1
CDK Global Inc. [CDK4830189]
United States
495
107.375
532
0.1
Transocean Poseidon Ltd. [RIG4790854]
Cayman Islands
500
106.232
531
0.1
Cheniere Energy Partners LP [BX4855199]
United States
500
105.937
530
0.1
L Brands Inc.
United States
500
105.428
527
0.1
Calpine Corp. [CPN4367486]
United States
505
104.357
527
0.1
Dcp Midstream Operating LP [DPM.GA]
United States
500
105.344
527
0.1
CSC Holdings LLC
United States
495
106.374
527
0.1
Commercial Metals Co. [CMC4514596]
United States
500
105.285
526
0.1
Polaris Intermediate Corp. [POIC4567046]
United States
560
93.374
523
0.1
Lennar Corp. [LEN4633905]
United States
475
109.785
521
0.1
Advanced Disposal Services Inc. [ADSW4421053]
United States
500
104.292
521
0.1
AES Corp.
United States
500
103.499
517
0.1
MPT Operating Partnership LP / MPT Finance Corp.
United States
500
103.188
516
0.1
Marriott Ownership Resorts Inc. [MAR4885802]
United States
500
102.66
513
0.1
Pdc Energy Inc. [PETD4532562]
United States
505
101.542
513
0.1
Lennar Corp.
United States
500
102.432
512
0.1
RHP Hotel Properties LP [RHP4286425]
United States
500
102.292
511
0.1
Berry Global Inc.
United States
500
102.156
511
0.1
Lamar Media Corp.
United States
500
101.999
510
0.1
Pride International LLC [ESV3684249]
United States
1,000
50.75
508
0.1
Iron Mountain Inc.
United States
500
101.374
507
0.1
Change Healthcare Holdings LLC
United States
497
100.49
499
0.1
Sabra Health Care LP [SBRA4891413]
United States
495
100.855
499
0.1
Pultegroup Inc.
United States
450
109.132
491
0.1
Project Alpha Intermediate Holding Inc.
United States
489
100.313
491
0.1
Service Corp. International
United States
460
106.435
490
0.1
MDC Partners Inc. [MDCA4345962]
Canada
535
90.75
486
0.1
Tegna Inc.
United States
475
101.875
484
0.1
Charles River Laboratories International Inc. [CRL4900986]
United States
465
102.06
475
0.1
Dae Funding LLC [DBWO4521584]
United States
470
100.914
474
0.1
Sprint Corp.
United States
425
110.542
470
0.1
Ladder Capital Finance Corp. [LADP4150116]
United States
460
101.665
468
0.1
Gulfport Energy Corp. [GPOR4551340]
United States
750
62.285
467
0.1
Catalent Pharma Solutions Inc. [CTLT4851490]
United States
445
104.935
467
0.1
Transocean Inc.
Cayman Islands
475
98.249
467
0.1
VeriSign Inc.
United States
455
101.809
463
0.1
HCA Inc.
United States
400
115.75
463
0.1
Parkland Fuel Corp. [PKIUF4852675]
Canada
430
107.185
461
0.1
Dana Inc. [DAN4908914]
United States
444
103.25
458
0.1
Flex Acquisition Co. Inc.
United States
459
99.40
456
0.1
Albertsons Companies LLC
United States
400
112.437
450
0.1
Bausch Health Cos. Inc.
Canada
400
110.185
441
0.1
Valeant Pharmaceuticals International Inc. [BHC4222468]
Canada
436
100.938
440
0.1
TreeHouse Foods Inc. [THS4102655]
United States
437
100.656
440
0.1
TransDigm Inc.
United States
400
108.448
434
0.1
Lithia Motors Inc. [LAD4920821]
United States
420
103.036
433
0.1
IHO Verwaltungs GMBH [IHOV4838001]
Germany
400
107.785
431
0.1
Ingles Markets Inc.
United States
420
102.124
429
0.1
Gfl Environmental Inc. [GFLE4601886]
Canada
415
103.25
428
0.1
Targa Resources Partners LP / Targa Resources Partners Finance Corp.
United States
406
103.874
422
0.1
Level 3 Financing Inc.
United States
420
100.395
422
0.1
M/I Homes Inc. [MHO4526247]
United States
400
105.042
420
0.1
Prestige Brands Inc. [PBH4336312]
United States
400
104.209
417
0.1
Wyndham Destinations Inc.
United States
390
106.167
414
0.1
CIT Group Inc. [CIT4608107]
United States
350
118.285
414
0.1
Iron Mountain Inc. [IRM4539228]
United States
400
103.482
414
0.1
CCO Holdings LLC/ CCO Holdings Capital Corp.
United States
405
102.188
414
0.1
Constellium SE [CSTM4122599]
Netherlands
400
103.042
412
0.1
DISH DBS Corp. [DISH4202393]
United States
400
102.396
410
0.1
Arconic Inc.
United States
364
111.275
405
0.1
Sprint Corp. [SFTBF4214707]
United States
368
109.985
405
0.1
CSC Holdings LLC
United States
365
106.875
390
0.1
Sensata Technologies Inc.
United States
370
102.195
378
0.1
Esh Hospitality Inc. [STAY4882982]
United States
370
101.435
375
0.1
Antero Midstream Partners LP / Antero Midstream Finance Corp. [AM4852627]
United States
430
87.253
375
0.1
Aecom [ACM4300282]
United States
337
110.878
374
0.1
NetFlix Inc.
United States
350
106.125
371
0.1
Sirius XM Radio Inc. [LMCA4218934]
United States
350
103.537
362
0.1
New Red Finance Inc.
Canada
356
100.435
358
0.1
Transocean Inc.
Cayman Islands
500
71.26
356
0.1
HCA Inc.
United States
300
114.145
342
0.1
NetFlix Inc.
United States
300
114.06
342
0.1
Altice France SA
France
297
112.81
335
0.1
Buckeye Partners LP
United States
377
87.504
330
0.1
Qualitytech LP [QUTP4558394]
United States
314
103.917
326
0.1
Summit Materials LLC / Summit Materials Finance Corp. [SUMS4804642]
United States
300
107.785
323
0.1
AES Corp. [AES4363141]
United States
300
106.685
320
0.1
NRG Energy Inc.
United States
293
108.685
318
0.1
Arconic Inc.
United States
272
114.618
312
0.1
T-Mobile USA Inc.
United States
300
103.499
310
0.1
Wyndham Destinations Inc.
United States
305
101.188
309
0.1
Avis Budget Car Rental LLC / Avis Budget Finance Inc.
United States
296
102.042
302
0.1
Genesis Energy LP [GEL4125880]
United States
311
96.792
301
0.1
HCA Inc.
United States
265
110.792
294
0.1
Commscope Inc. [COMM4126924]
United States
289
100.34
290
0.1
Enlink Midstream Partners LP [ENLC4382341]
United States
292
93.982
274
0.1
Hill-Rom Holdings Inc.
United States
260
103.16
268
0.1
MSCI Inc. [MSCI4389870]
United States
254
104.982
267
0.1
Navient Corp.
United States
245
108.625
266
0.1
Sable International Finance Ltd.
Cayman Islands
250
106.285
266
0.1
SM Energy Co. [SM4269795]
United States
262
101.281
265
0.1
NRG Energy Inc. [NRG4485945]
United States
240
108.685
261
0.1
CommScope Inc. [COMM4796574]
United States
241
105.435
254
0.1
Genesis Energy LP [GEL4247283]
United States
255
99.292
253
0.1
Albertsons Companies LLC
United States
230
104.915
241
0.0
Acadia Healthcare Co. Inc. [ACHC4281497]
United States
232
101.834
236
0.0
CDK Global Inc. [CDK4261099]
United States
213
108.499
231
0.0
Wyndham Destinations Inc.
United States
210
108.785
228
0.0
Valaris plc [VAL4866995]
United Kingdom
400
56.748
227
0.0
Telecom Italia Capital SA
Luxembourg
200
111.185
222
0.0
Altice Luxembourg SA [ALFS4207921]
Luxembourg
200
104.25
209
0.0
United Rentals North America Inc. [URI4359960]
United States
191
107.528
205
0.0
Toll Brothers Finance Corp. [TOL4587598]
United States
190
104.535
199
0.0
Calpine Corp.
United States
176
101.012
178
0.0
GCI LLC [GNCMA4249709]
United States
167
104.792
175
0.0
Centene Corp.
United States
165
103.875
171
0.0
Ziggo Bond Finance BV
Netherlands
158
103.463
163
0.0
Sanchez Energy Corp. [SN4017358]
United States
3,000
5.00
150
0.0
Penske Automotive Group Inc.
United States
144
103.167
149
0.0
Voc Escrow Ltd. [VIKH4593662]
Bermuda
134
104.935
141
0.0
Centennial Resource Production LLC [CG4566447]
United States
132
98.535
130
0.0
Genesis Energy LP
United States
134
95.785
128
0.0
Centurylink Inc. [CTL4071342]
United States
100
111.834
112
0.0
Sprint Corp.
United States
70
108.084
76
0.0
Extraction Oil & Gas Inc. [XOG4588209]
United States
60
60.285
36
0.0
Commscope Technologies LLC [COMM4463058]
United States
30
94.253
28
0.0
Tallgrass Energy Finance Corp. [TEP4395311]
United States
15
100.749
15
0.0

Sector Allocation

As of 12/31/2019

Economic Sector
High-Yield Bond Fund %
Communication Services
19.9
Industrials
13.8
Consumer Discretionary
12.4
Health Care
11.6
Energy
10.1
Financials
6.6
Information Technology
6.4
Materials
5.6
Real Estate
3.4
Utilities
3.2
Consumer Staples
2.2
Telecommunication Services
0.1

Maturity Profile

As of 12/31/2019

Maturity
High-Yield Bond Fund %
ICE BofAML US Non-Distressed High Yield Index %
0-1 Yr
0.3
0.0
1-3 Yr
15.7
12.9
3-5 Yr
23.8
26.4
5-7 Yr
33.3
32.8
7-10 Yr
21.0
22.3
10-20 Yr
2.0
4.4
20-30 Yr
1.0
1.0
Over 30 Yr
0.0
0.2

Duration

As of 12/31/2019

Duration
High-Yield Bond Fund %
ICE BofAML US Non-Distressed High Yield Index %
0-1 Yr
34.1
19.2
1-3 Yr
29.0
36.9
3-5 Yr
22.1
27.8
5-7 Yr
8.4
11.5
7-10 Yr
2.3
2.8
10-20 Yr
1.1
1.8
20-30 Yr
0.0
0.0
Over 30 Yr
0.0
0.0