Global High Income Bond Fund - Advisor Class (PAIHX)

Morningstar (Category)

Morningstar
(Overall Rating)¹

High Yield Bond

(630 funds)

Data as of 09/30/2021

Fund Manager Tenure²

Net Assets³
(USD)

6yrs

$264.3m

Data as of 09/30/2021

Price
(USD)

Daily Price Change

$10.11

$+0.02

Data as of 10/15/2021

Morningstar Ratings™ are based on risk-adjusted returns. Click on "Overall Rating" for the fund's 3-, 5-, and 10-year (if applicable) Morningstar Ratings™.

References

Michael Della Vedova, Co-Portfolio Manager

Michael Connelly, CFA, Co-Portfolio Manager

Michael Connelly is a portfolio manager in the Fixed Income Division, co-managing the Global High Income Bond Strategy. He also contributes to the U.S. Core, U.S. Core Plus, and Global Multi-...

Strategy

Investment Objective

The fund seeks high income and, secondarily, capital appreciation.

Morningstar Fixed Income Style

Low / Limited

Data as of 09/30/2021

The Morningstar Style Box™, a proprietary Morningstar data point, is a 9-square grid that provides a graphical representation of the "investment style" of stocks and mutual funds. See disclaimer at bottom of page for more information.

Morningstar Rating

Period	Rating	Funds In Category (High Yield Bond)
Overall		630
3 Years		630
5 Years		552
10 Years	N/A	358

The Morningstar Rating™ for funds, or "star rating", is calculated for funds with at least a three-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 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.

Yields & Dividends (Advisor Class)

30-Day SEC Standardized Yield

with waiver

3.40%

Data as of 09/30/2021

without waiver

3.15%

Data as of 09/30/2021

30-Day Annualized Dividend Yield

with waiver

4.28%

Data as of 10/15/2021

Monthly Dividend
(USD)

$0.035569541

Data as of 09/30/2021

Monthly Dividend
Rate

0.02%

Data as of 10/15/2021

Average Annual Total Returns (Advisor Class)

1 YR

10.68%

Benchmark

10.18%

Value

0.50%

Data as of 09/30/2021

3 YR

6.83%

Benchmark

6.84%

Value

-0.01%

Data as of 09/30/2021

5 YR

6.14%

Benchmark

6.34%

Value

-0.20%

Data as of 09/30/2021

Since Inception

6.45%

Benchmark

6.50%

Value

-0.05%

Data as of 09/30/2021

Expense Ratio

Gross

1.22%

Net

0.96%

Limitation Type

Contractual

expires 04/30/2022

Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when you sell your shares. Average annual total return figures include changes in principal value, reinvested dividends, and capital gain distributions.

Investors should note that short term returns greater than 40% are highly unusual and unlikely to be sustained.

The gross expense ratio reflects the fund expenses as stated in the fee table of the fund's prospectus prior to the deduction of any waiver or reimbursement. The net expense ratio reflects fund expenses after the deduction of any waiver or reimbursement. If a fund has an active contractual expense limitation, the expiration date is shown below the gross and net expense ratio values above. Expense ratios are as of the most recent prospectus.

Current Year Performance (Advisor Class)

Daily YTD

2.75%

Benchmark

2.64%

Value

0.11%

Data as of 10/15/2021

Monthly YTD

3.76%

Benchmark

3.37%

Value

0.39%

Data as of 09/30/2021

One Month

-0.14%

Benchmark

-0.43%

Value

0.29%

Data as of 09/30/2021

Three Months

0.58%

Benchmark

0.21%

Value

0.37%

Data as of 09/30/2021

Asset Allocation

Net Assets
(USD)

$264.3m

Largest US Bonds 51.30% $135.6m

Other View complete

Holdings

Total
Holdings

300

Largest Holding Jerrold Finco 1.07% Was (06/30/2021) 0.93%

Other View complete

Top 10 Issuers 12.34% View the latest

Quality

N/A

Maturity

Weighted Average

6.74 Years

Duration

Weighted Average

3.22 Years

Top

B Rated

39.60%

Was (08/31/2021) 38.90%

Top

5-7 Years

34.80%

Was (08/31/2021) 34.80%

Top

3-5 Years

30.06%

Was (08/31/2021) 30.90%

Over

B Rated

By 9.79%

Fund 39.60%

Benchmark 29.81%

Over

7-10 Years

By 12.19%

Fund 33.24%

Benchmark 21.05%

Over

Under 1 Year

By 6.60%

Fund 21.90%

Benchmark 15.30%

Under

BB Rated

By -34.29%

Fund 26.48%

Benchmark 60.76%

Under

1-3 Years

By -13.49%

Fund 3.06%

Benchmark 16.56%

Under

1-3 Years

By -6.12%

Fund 24.42%

Benchmark 30.54%

Industry

Total
Industries

Largest Industry Financial 9.72% Was (08/31/2021) 10.15%

Other View complete Industry Diversification

Over

Cable Operators

By 6.64%

Fund 9.34%

Benchmark 2.70%

Under

Energy

By -4.96%

Fund 8.89%

Benchmark 13.85%

Team (As of 09/30/2021)

Michael Della Vedova
Co-Portfolio Manager

Mike Della Vedova is a global high yield portfolio manager in the Fixed Income Division. He is a portfolio manager for the Europe High Yield Bond Strategy and co-portfolio manager for the Global High Yield Bond Fund and Global High Income Bond Strategy. He is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price International Ltd.

Fund manager
since 2015
Years at
T. Rowe Price 12
Years investment
experience 28

Michael Connelly, CFA
Co-Portfolio Manager

Michael Connelly is a portfolio manager in the Fixed Income Division, co-managing the Global High Income Bond Strategy. He also contributes to the U.S. Core, U.S. Core Plus, and Global Multi-Sector Bond Strategies. He is a cochairman of the Investment Advisory Committee for the Global High Income Bond Fund and a member of the Sector Strategy Advisory Group. Michael is a vice president of T. Rowe Price Associates, Inc., and T. Rowe Price Group, Inc.

Years at
T. Rowe Price 16
Years investment
experience 22

Samy Muaddi, CFA
Co-Portfolio Manager

Samy Muaddi is a portfolio manager in the International Fixed Income Division. He is the portfolio manager of the Emerging Markets Bond Strategy and co-manages the Emerging Markets Corporate Bond and Global High Income Bond Strategies. He previously managed the firm’s Asia Credit Bond Strategy from its inception until 2020. Samy also is a vice president of T. Rowe Price Group, Inc., T. Rowe Price Associates, Inc., and T. Rowe Price International Ltd.

Years at
T. Rowe Price 15
Years investment
experience 15

Gregor T. Dannacher, CFA
Portfolio Specialist

Gregor Dannacher is a global credit portfolio specialist in the Fixed Income Division. He supports the Multi-Asset Credit, Global High Income, US and Global High Yield, Dynamic Credit, and US Investment-Grade Strategies, working closely with clients, prospects, and consultants. Gregor is a vice president of T. Rowe Price Group, Inc., and T. Rowe Price Associates, Inc.

Years at
T. Rowe Price 6
Years investment
experience 29

For a complete list of the members of the fund's Investment Advisory Committee, please refer to the fund's prospectus.

How to Invest

View platform information

Share Class	Min Initial Investment (USD)	Min Subsequent Investment (USD)	12b-1 Fee	Expense Ratio
Share Class	Min Initial Investment (USD)	Min Subsequent Investment (USD)	12b-1 Fee	Gross	Net	Limitation Type	Limitation Expiration Date
Advisor Class Cusip 77956H542	$2,500	$100	0.25%	1.22%	0.96%	Contractual	04/30/2022
Investor Class Cusip 77956H559	$2,500	$100	0.00%	0.87%	0.75%	Contractual	04/30/2022
I Class Cusip 77956H476	$1,000,000*	N/A	0.00%	0.71%	0.60%	Contractual	04/30/2022

* Minimum initial investment $1,000,000. Minimum is generally waived for intermediaries, certain retirement plans, and certain institutional client accounts.

Asset Allocation (09/30/2021)

As of end:

Category	% of Total Net Assets	Market Value (USD)
Convertibles	2.18%	$5,762,340.70
Global ex-US Bonds	46.06%	$121,749,271.76
Reserves	0.46%	$1,215,906.75
US Bonds	51.30%	$135,600,035.63
Total Allocation		$264,327,554.84

Numbers may not total due to rounding; all numbers are percentages.

Holdings (09/30/2021)

As of end:

% of Fund	Prev Qtr Change	Value	Sector	Industry	Country	Coupon Rate (%)	Quality	Maturity Date	Duration (Yrs)
1.07%	0.15%	$2,840,930.14	Corporate Securities	Financial	United Kingdom	5.25%	NR	01/15/2027	1.22
0.86%	-0.03%	$2,276,674.96	Corporate Securities	Metals & Mining	India	5.45%	NR	01/24/2028	5.31
0.85%	N/A	$2,233,678.70	Corporate Securities	Broadcasting	United States	5.63%	B3	08/15/2029	4.21
0.84%	-0.01%	$2,232,840.94	Corporate Securities	Foreign Govt & Muni (Excl Canadian)	Mexico	6.50%	Ba3	03/13/2027	4.56
0.81%	-0.00%	$2,141,548.17	Corporate Securities	Financial	Colombia	6.65%	B1	10/22/2169	6.91
0.80%	0.68%	$2,118,190.51	Corporate Securities	Cable Operators	United States	6.75%	B1	10/15/2027	0.96
0.77%	N/A	$2,022,247.93	Corporate Securities	Entertainment & Leisure	United States	5.25%	Caa1	08/15/2029	4.24
0.76%	0.56%	$2,020,768.75	Corporate Securities	Healthcare	United States	6.13%	Caa1	10/01/2028	3.53
0.76%	-0.05%	$2,014,411.01	Corporate Securities	Automotive	United States	7.88%	Ba3	01/15/2029	2.07
0.76%	-0.03%	$2,013,881.19	Corporate Securities	Automotive	Netherlands	7.38%	Ba3	11/29/2169	2.35
0.75%	0.62%	$1,975,493.75	Corporate Securities	Information Technology	United States	5.75%	NR	10/01/2026	0.25
0.74%	-0.01%	$1,959,304.97	Corporate Securities	Foreign Govt & Muni (Excl Canadian)	Mexico	7.69%	Ba3	01/23/2050	10.91
0.74%	N/A	$1,956,375.92	Corporate Securities	Building & Real Estate	China	5.20%	NR	01/16/2027	4.53
0.74%	N/A	$1,954,229.17	Corporate Securities	Cable Operators	Luxembourg	4.25%	B2	08/15/2029	6.42
0.74%	-0.01%	$1,952,259.31	Corporate Securities	Manufacturing	United States	6.75%	Caa2	05/21/2029	0.25
0.72%	N/A	$1,900,849.83	Corporate Securities	Building & Real Estate	China	5.50%	NR	05/17/2026	3.89
0.72%	-0.00%	$1,894,643.31	Corporate Securities	Automotive	United States	9.00%	Ba2	04/22/2025	2.95
0.70%	-0.03%	$1,860,616.77	Corporate Securities	Manufacturing	United States	3.83%	B2	11/04/2026	0.25
0.68%	N/A	$1,796,675.73	Corporate Securities	Financial	Belgium	4.38%	B2	07/15/2026	0.74
0.68%	-0.07%	$1,794,263.65	Corporate Securities	Supermarkets	United Kingdom	4.63%	B2	03/15/2025	3.04
0.67%	-0.01%	$1,775,628.75	Corporate Securities	Wireless Communications	United States	5.33%	B3	01/30/2029	0.25
0.67%	-0.02%	$1,767,722.04	Corporate Securities	Real Estate Investment Trust Securities	United Arab Emirates	6.38%	NR	09/20/2170	3.90
0.67%	0.06%	$1,767,254.69	Corporate Securities	Banking	Panama	5.25%	Ba2	11/07/2169	7.34
0.66%	N/A	$1,756,787.41	Corporate Securities	Automotive	United Kingdom	4.50%	B1	07/15/2028	5.72
0.66%	-0.06%	$1,754,610.57	Corporate Securities	Cable Operators	France	4.00%	Caa1	02/15/2028	5.35
0.64%	-0.04%	$1,692,661.22	Corporate Securities	Banking	Mexico	8.38%	Ba2	10/14/2169	6.38
0.63%	-0.09%	$1,672,061.96	Corporate Securities	Gaming	Macau	5.00%	B1	01/15/2029	5.89
0.63%	0.00%	$1,670,090.72	Corporate Securities	Wireless Communications	United States	3.50%	Ba2	04/15/2031	4.11
0.63%	-0.01%	$1,669,060.79	Corporate Securities	Cable Operators	United Kingdom	4.50%	Ba3	07/15/2031	6.46
0.63%	-0.01%	$1,663,572.82	Corporate Securities	Foreign Govt & Muni (Excl Canadian)	Mexico	6.75%	Ba3	09/21/2047	11.29
0.63%	-0.03%	$1,655,866.04	Corporate Securities	Building & Real Estate	China	6.20%	B1	03/22/2026	3.77
0.62%	-0.02%	$1,647,345.19	Corporate Securities	Entertainment & Leisure	United Kingdom	5.50%	B3	06/15/2027	3.26
0.61%	-0.02%	$1,623,325.85	Corporate Securities	Utilities	Oman	5.20%	Ba3	05/16/2027	4.82
0.61%	-0.03%	$1,621,838.65	Corporate Securities	Financial	United States	6.50%	Ba2	08/15/2025	3.01
0.61%	-0.02%	$1,610,626.38	Energy	Energy	United States	9.50%	NR	08/13/2170	10.25
0.61%	-0.00%	$1,606,137.43	Corporate Securities	Energy	United States	6.63%	Ba2	09/01/2030	6.65
0.61%	-0.01%	$1,602,371.51	Corporate Securities	Financial	United States	6.75%	Ba3	06/15/2026	3.98
0.60%	-0.04%	$1,591,739.20	Corporate Securities	Entertainment & Leisure	United States	5.25%	Caa1	07/15/2028	5.54
0.60%	-0.03%	$1,579,514.60	Corporate Securities	Cable Operators	United States	4.50%	B1	08/15/2030	5.48
0.58%	-0.02%	$1,538,837.70	Corporate Securities	Broadcasting	United States	8.88%	Caa1	12/15/2027	2.70
0.58%	0.46%	$1,534,500.00	Corporate Securities	Healthcare	United States	7.00%	NR	07/27/2029	0.25
0.58%	0.02%	$1,534,499.26	Corporate Securities	Utilities	United States	4.38%	Ba2	05/01/2029	4.04
0.58%	-0.04%	$1,525,140.86	Corporate Securities	Metals & Mining	United States	7.25%	B3	02/15/2028	1.28
0.57%	-0.01%	$1,513,186.54	Corporate Securities	Banking	Turkey	6.80%	NR	06/22/2031	3.89
0.57%	-0.02%	$1,510,181.62	Corporate Securities	Cable Operators	Serbia	3.63%	B2	02/15/2028	5.47
0.57%	-0.02%	$1,508,851.50	Corporate Securities	Entertainment & Leisure	United States	7.63%	B2	03/01/2026	2.14
0.56%	0.01%	$1,490,973.18	Corporate Securities	Energy	United States	6.75%	B3	04/15/2029	2.25
0.56%	-0.00%	$1,481,652.00	Corporate Securities	Information Technology	United States	7.00%	Caa1	07/07/2025	0.25
0.56%	N/A	$1,472,603.10	Corporate Securities	Services	United Kingdom	4.88%	B2	07/15/2027	4.94
0.55%	-0.03%	$1,464,236.60	Corporate Securities	Energy	Morocco	5.13%	Baa3	09/24/2027	1.87
0.55%	-0.03%	$1,463,145.69	Corporate Securities	Financial	United States	4.25%	Ba3	06/01/2028	4.12
0.54%	0.37%	$1,435,926.64	Corporate Securities	Lodging	United States	4.88%	B1	06/01/2029	4.08
0.54%	0.12%	$1,430,698.11	Corporate Securities	Building & Real Estate	China	11.25%	B2	04/09/2022	0.41
0.54%	-0.01%	$1,423,456.24	Corporate Securities	Supermarkets	United States	4.88%	Ba3	02/15/2030	3.09
0.53%	-0.01%	$1,405,440.12	Corporate Securities	Cable Operators	Chile	6.38%	B1	07/15/2028	1.66
0.52%	-0.07%	$1,379,498.26	Corporate Securities	Restaurants	United States	7.63%	Caa1	11/01/2025	1.00
0.51%	-0.02%	$1,352,874.65	Corporate Securities	Retail	United States	7.75%	Caa1	02/15/2029	2.14
0.51%	N/A	$1,338,053.85	Corporate Securities	Metals & Mining	Colombia	6.88%	NR	08/09/2026	4.02
0.50%	-0.01%	$1,317,302.01	Corporate Securities	Telephones	Brazil	4.88%	Ba2	01/22/2030	6.70
0.50%	-0.00%	$1,316,742.66	Corporate Securities	Media & Communications	Tanzania	7.00%	B2	12/18/2025	0.67
0.50%	-0.02%	$1,316,702.16	Corporate Securities	Healthcare	United States	3.63%	B2	12/23/2027	0.25
0.49%	-0.00%	$1,300,614.03	Corporate Securities	Energy	United States	8.88%	Ba2	07/15/2030	6.19
0.49%	-0.00%	$1,297,861.40	Corporate Securities	Energy	United States	4.63%	Ba3	10/15/2028	1.89
0.49%	-0.03%	$1,297,136.55	Corporate Securities	Financial	United States	4.38%	Ba3	11/15/2025	1.05
0.49%	-0.01%	$1,295,295.83	Corporate Securities	Airlines	United States	4.63%	Ba1	04/15/2029	5.86
0.49%	-0.03%	$1,292,492.52	Corporate Securities	Financial	Oman	4.75%	Ba3	03/17/2026	3.98
0.49%	-0.02%	$1,285,427.24	Corporate Securities	Financial	United States	5.63%	B1	01/15/2030	6.45
0.49%	N/A	$1,283,250.00	Corporate Securities	Entertainment & Leisure	United States	6.50%	B3	10/01/2028	1.86
0.48%	N/A	$1,280,000.00	Corporate Securities	Real Estate Investment Trust Securities	United States	4.50%	NR	09/30/2028	5.93
0.48%	-0.01%	$1,279,729.33	Corporate Securities	Cable Operators	United States	4.63%	Ba1	05/15/2029	6.48
0.48%	N/A	$1,279,148.54	Technology	Wireless Communications	China	0.00%	B1	02/01/2026	2.23
0.47%	-0.00%	$1,248,902.12	Corporate Securities	Entertainment & Leisure	United States	5.50%	B2	08/31/2026	3.86
0.47%	N/A	$1,239,826.64	Corporate Securities	Manufacturing	United States	5.00%	B2	08/31/2028	0.25
0.47%	-0.00%	$1,236,237.65	Corporate Securities	Automotive	United States	5.25%	B2	07/15/2031	7.39
0.45%	-0.01%	$1,201,750.09	Corporate Securities	Cable Operators	Panama	7.50%	B2	10/15/2026	0.03
0.45%	N/A	$1,200,287.50	Tax-Free Gen. Obligations	General Obligations - State	United States	5.25%	NR	07/01/2023	N/A
0.45%	-0.01%	$1,200,284.31	Corporate Securities	Healthcare	Israel	6.00%	Ba2	01/31/2025	2.75
0.45%	-0.04%	$1,196,174.21	Corporate Securities	Cable Operators	Luxembourg	4.75%	Caa1	01/15/2028	5.13
0.45%	-0.00%	$1,180,516.54	Corporate Securities	Food Processing	Ukraine	6.75%	NR	10/27/2027	1.87
0.45%	-0.02%	$1,179,959.62	Corporate Securities	Healthcare	United States	10.63%	Caa2	07/15/2027	1.58
0.44%	-0.01%	$1,167,604.90	Corporate Securities	Consumer Products	China	5.63%	Ba3	10/24/2024	1.88
0.44%	0.00%	$1,158,977.80	Corporate Securities	Energy	United States	8.00%	B3	05/17/2026	3.07
0.44%	-0.01%	$1,155,732.19	Corporate Securities	Retail	Italy	4.88%	B2	05/14/2027	0.25
0.43%	-0.01%	$1,141,822.36	Corporate Securities	Airlines	United States	5.50%	Ba2	04/20/2026	2.87
0.43%	0.07%	$1,137,911.56	Corporate Securities	Wireless Communications	United States	4.75%	B1	12/17/2027	0.25
0.43%	-0.02%	$1,136,728.95	Corporate Securities	Food	United States	4.75%	B2	10/21/2024	0.25
0.43%	-0.02%	$1,125,507.80	Corporate Securities	Utilities	United States	6.13%	Ba3	03/01/2026	0.40
0.42%	-0.01%	$1,115,167.90	Corporate Securities	Entertainment & Leisure	France	3.50%	B1	03/01/2025	2.25
0.42%	N/A	$1,101,439.02	Corporate Securities	Building & Real Estate	China	7.88%	NR	09/01/2023	1.72
0.42%	-0.01%	$1,098,106.47	Corporate Securities	Cable Operators	United Kingdom	4.50%	Ba3	07/15/2031	6.46
0.42%	-0.01%	$1,097,576.66	Corporate Securities	Supermarkets	United States	3.50%	Ba3	03/15/2029	6.49
0.41%	-0.03%	$1,094,694.95	Corporate Securities	Broadcasting	United States	6.75%	B3	03/31/2029	3.82
0.41%	-0.02%	$1,080,830.47	Corporate Securities	Energy	Thailand	4.38%	NR	09/12/2024	2.73
0.41%	-0.02%	$1,079,080.46	Corporate Securities	Chemicals	United States	4.63%	B3	03/15/2029	6.22
0.40%	-0.01%	$1,066,621.50	Corporate Securities	Services	United States	7.50%	Caa1	05/03/2027	0.25
0.40%	-0.03%	$1,063,557.89	Corporate Securities	Financial	Italy	3.75%	B2	01/15/2028	2.12
0.40%	-0.00%	$1,057,031.25	Corporate Securities	Utilities	United States	5.00%	B1	07/01/2028	4.14
0.40%	-0.02%	$1,048,412.78	Corporate Securities	Automotive	United States	3.75%	B3	04/15/2029	4.00
0.40%	-0.01%	$1,045,316.24	Corporate Securities	Energy	United States	9.25%	B2	02/01/2026	0.32
0.40%	-0.01%	$1,044,117.93	Corporate Securities	Healthcare	United States	7.25%	B3	05/30/2029	3.82
0.39%	-0.00%	$1,032,723.45	Corporate Securities	Satellites	United States	9.50%	NR	09/30/2022	0.99
0.39%	-0.02%	$1,022,383.52	Corporate Securities	Building & Real Estate	China	6.00%	NR	07/16/2025	2.90
0.39%	-0.02%	$1,020,389.53	Corporate Securities	Building Products	Turkey	6.95%	B2	03/14/2026	3.64
0.38%	-0.00%	$1,016,959.13	Corporate Securities	Cable Operators	France	4.25%	B2	10/15/2029	6.58
0.38%	-0.03%	$1,016,407.56	Corporate Securities	Chemicals	United States	5.63%	Caa1	08/15/2025	0.83
0.38%	-0.01%	$1,016,368.96	Corporate Securities	Healthcare	United States	4.75%	B2	10/01/2027	0.25
0.38%	-0.01%	$1,008,187.51	Corporate Securities	Automotive	United States	8.50%	Caa1	05/15/2027	0.58
0.38%	-0.03%	$1,003,321.59	Corporate Securities	Wireless Communications	Spain	4.00%	B1	09/18/2027	3.58
0.38%	-0.01%	$1,001,977.46	Corporate Securities	Energy	Ghana	7.13%	Caa1	04/04/2026	3.78
0.37%	N/A	$989,817.95	Corporate Securities	Services	Italy	4.63%	B2	10/01/2026	3.55
0.37%	-0.00%	$988,602.09	Corporate Securities	Broadcasting	United States	6.63%	B2	06/01/2027	1.54
0.37%	-0.01%	$988,280.74	Corporate Securities	Broadcasting	United States	5.13%	B1	08/15/2027	2.63
0.37%	-0.02%	$978,138.60	Corporate Securities	Healthcare	United States	8.50%	B3	01/31/2027	0.78
0.37%	N/A	$972,650.34	Corporate Securities	Supermarkets	United Kingdom	3.25%	Ba2	02/16/2026	4.03
0.36%	-0.01%	$962,764.15	Corporate Securities	Food	United States	8.00%	Caa2	12/21/2028	0.25
0.36%	-0.02%	$951,226.33	Corporate Securities	Metals & Mining	United States	6.13%	Ba3	02/15/2028	1.30
0.36%	-0.01%	$945,986.89	Corporate Securities	Healthcare	United States	10.00%	Caa2	04/15/2027	0.50
0.35%	-0.02%	$933,021.24	Corporate Securities	Other Telecommunications	Romania	3.25%	B1	02/05/2028	3.07
0.35%	-0.00%	$928,503.68	Corporate Securities	Energy	United States	6.00%	B1	09/01/2031	6.20
0.34%	0.22%	$910,425.00	Corporate Securities	Healthcare	United States	3.75%	B1	09/30/2028	0.25
0.34%	-0.00%	$907,548.34	Corporate Securities	Services	France	6.00%	NR	04/15/2025	0.07
0.34%	-0.03%	$905,270.64	Corporate Securities	Financial	United States	5.38%	Ba3	02/15/2026	1.07
0.34%	-0.07%	$902,487.11	Corporate Securities	Services	Germany	6.63%	Caa1	07/15/2028	1.61
0.34%	-0.01%	$901,441.96	Corporate Securities	Utilities	Oman	3.96%	Ba3	05/07/2025	3.27
0.34%	-0.01%	$899,250.00	Corporate Securities	Healthcare	United States	9.75%	Caa1	12/01/2026	0.16
0.34%	-0.02%	$894,766.06	Corporate Securities	Cable Operators	United States	7.50%	B3	04/01/2028	1.40
0.34%	-0.02%	$894,722.69	Corporate Securities	Broadcasting	United States	6.88%	B2	02/01/2026	2.11
0.33%	-0.01%	$877,856.30	Corporate Securities	Healthcare	United States	3.83%	B2	08/06/2026	0.25
0.33%	-0.02%	$870,480.66	Corporate Securities	Metals & Mining	United States	5.25%	Ba1	09/01/2029	2.69
0.32%	-0.01%	$857,512.77	Corporate Securities	Services	United States	6.25%	B3	01/15/2028	2.91
0.32%	-0.02%	$852,649.58	Corporate Securities	Retail	United States	4.75%	B1	02/15/2028	3.90
0.32%	-0.02%	$851,185.95	Corporate Securities	Gaming	Macau	5.50%	B1	10/01/2027	5.01
0.32%	-0.01%	$844,206.85	Corporate Securities	Services	Netherlands	5.50%	B3	12/01/2025	1.08
0.32%	-0.01%	$839,444.49	Corporate Securities	Automotive	United States	4.38%	B1	05/15/2026	0.59
0.32%	-0.01%	$837,699.69	Corporate Securities	Retail	Italy	4.88%	B2	05/14/2027	0.25
0.32%	-0.01%	$836,328.88	Corporate Securities	Gaming	Spain	6.25%	B3	12/20/2023	0.02
0.31%	0.03%	$831,064.24	Corporate Securities	Broadcasting	United States	7.75%	Caa2	04/15/2028	3.64
0.31%	-0.01%	$830,365.44	Corporate Securities	Food	Netherlands	5.75%	Caa1	05/15/2026	3.76
0.31%	-0.01%	$830,009.32	Corporate Securities	Metals & Mining	United States	5.50%	Ba1	12/15/2027	1.60
0.31%	-0.01%	$826,148.78	Corporate Securities	Cable Operators	Netherlands	3.38%	B3	02/28/2030	5.55
0.31%	-0.01%	$826,142.19	Corporate Securities	Utilities	Chile	7.13%	Ba2	03/26/2079	2.46
0.31%	-0.00%	$824,922.07	Corporate Securities	Broadcasting	United States	5.25%	B1	08/15/2027	0.83
0.31%	-0.02%	$816,266.31	Corporate Securities	Energy	United States	9.25%	Caa1	08/01/2024	1.62
0.31%	-0.00%	$812,915.80	Corporate Securities	Food	United States	6.25%	Caa1	04/01/2029	3.88
0.31%	-0.01%	$812,592.41	Corporate Securities	Forest Products	South Africa	3.63%	Ba2	03/15/2028	4.03
0.31%	0.02%	$808,137.37	Corporate Securities	Healthcare	United States	6.25%	Caa2	10/01/2028	4.24
0.30%	-0.01%	$802,665.51	Corporate Securities	Automotive	United States	5.63%	B2	06/15/2028	1.60
0.30%	-0.00%	$799,161.70	Corporate Securities	Healthcare	United States	5.13%	B1	04/30/2031	6.13
0.30%	-0.02%	$798,315.14	Corporate Securities	Healthcare	France	3.38%	B2	02/01/2028	3.91
0.30%	-0.01%	$787,646.40	Corporate Securities	Wireless Communications	Chile	4.70%	B1	01/22/2028	3.82
0.30%	-0.01%	$785,073.61	Corporate Securities	Utilities	Chile	6.35%	Ba2	10/07/2079	3.05
0.30%	0.00%	$782,764.49	Corporate Securities	Wireless Communications	United States	3.50%	Ba2	04/15/2031	4.11
0.30%	-0.01%	$782,643.82	Corporate Securities	Wireless Communications	United States	5.33%	B3	01/31/2028	0.25
0.30%	N/A	$781,462.93	Corporate Securities	Building Products	United States	4.38%	B2	10/01/2029	4.32
0.30%	-0.01%	$781,429.29	Corporate Securities	Energy	United States	7.00%	B3	06/15/2025	2.38
0.29%	-0.00%	$776,662.50	Corporate Securities	Energy	United States	7.50%	B1	10/01/2025	1.85
0.29%	N/A	$769,634.69	Corporate Securities	Healthcare	United States	5.13%	B1	03/01/2030	4.65
0.29%	-0.01%	$766,617.96	Corporate Securities	Manufacturing	United States	3.75%	Ba1	03/01/2031	7.83
0.29%	-0.01%	$765,377.26	Corporate Securities	Services	United Kingdom	4.38%	B3	02/07/2025	2.96
0.29%	-0.00%	$760,742.19	Corporate Securities	Energy	United States	5.75%	Ba1	01/15/2031	7.03
0.29%	-0.01%	$756,789.85	Corporate Securities	Airlines	United States	5.75%	Ba2	04/20/2029	5.16
0.29%	-0.02%	$755,221.88	Corporate Securities	Cable Operators	United States	6.50%	Ba3	02/01/2029	2.14
0.28%	-0.01%	$736,244.59	Corporate Securities	Foreign Govt & Muni (Excl Canadian)	Mexico	4.50%	Ba3	01/23/2026	3.84
0.28%	-0.00%	$735,977.86	Corporate Securities	Financial	United States	7.00%	Caa2	11/15/2025	0.11
0.28%	-0.00%	$733,376.77	Corporate Securities	Automotive	United States	5.00%	B2	07/15/2029	6.18
0.28%	-0.01%	$730,231.88	Corporate Securities	Telephones	Brazil	4.84%	Ba2	06/08/2025	3.10
0.27%	-0.01%	$726,604.55	Corporate Securities	Airlines	Brazil	7.25%	Caa1	06/15/2026	3.81
0.27%	0.15%	$724,890.00	Corporate Securities	Restaurants	United States	8.25%	NR	02/04/2028	0.25
0.27%	N/A	$718,797.60	Corporate Securities	Chemicals	United States	4.25%	B1	09/21/2028	0.25
0.27%	-0.01%	$715,331.56	Corporate Securities	Financial	United States	4.88%	Ba3	03/15/2028	4.92
0.27%	-0.00%	$711,147.54	Corporate Securities	Supermarkets	United States	6.75%	B3	10/15/2028	1.84
0.27%	N/A	$702,995.89	Corporate Securities	Manufacturing	United States	4.13%	B1	06/30/2028	4.21
0.26%	-0.01%	$699,920.43	Corporate Securities	Aerospace & Defense	Italy	7.38%	B3	08/15/2026	2.53
0.26%	-0.01%	$677,583.88	Corporate Securities	Cable Operators	Chile	6.38%	B1	07/15/2028	1.66
0.26%	N/A	$677,537.50	Corporate Securities	Building Products	United States	5.25%	B2	07/15/2028	4.18
0.26%	N/A	$676,928.87	Corporate Securities	Energy	United States	3.25%	Ba2	01/31/2032	7.25
0.26%	-0.01%	$675,582.62	Corporate Securities	Building & Real Estate	United States	5.38%	Ba3	08/01/2028	1.72
0.25%	N/A	$667,158.14	Corporate Securities	Manufacturing	United States	5.88%	Caa1	06/30/2029	4.03
0.25%	-0.00%	$665,815.47	Consumer Services	Media & Communications	Tanzania	2.88%	NR	03/18/2027	5.08
0.25%	-0.01%	$656,494.83	Corporate Securities	Information Technology	United States	6.25%	Caa2	09/19/2025	0.25
0.25%	-0.01%	$654,179.20	Corporate Securities	Healthcare	United States	4.50%	B2	07/24/2026	0.25
0.25%	0.00%	$651,847.96	Process Industries	Utilities	United States	4.87%	NR	09/01/2022	0.93
0.25%	N/A	$649,540.88	Corporate Securities	Energy	United States	4.13%	Ba3	08/15/2031	7.72
0.25%	0.12%	$647,700.00	Corporate Securities	Services	United States	7.00%	Caa1	06/04/2029	0.25
0.24%	-0.02%	$647,421.64	Corporate Securities	Cable Operators	Serbia	3.63%	B2	02/15/2028	5.47
0.24%	0.03%	$645,837.65	Corporate Securities	Broadcasting	United States	7.50%	Caa2	06/01/2029	3.81
0.24%	-0.00%	$644,736.48	Corporate Securities	Metals & Mining	United States	4.63%	Ba3	12/15/2028	3.75
0.24%	-0.01%	$643,116.60	Corporate Securities	Manufacturing	United States	4.50%	B2	05/19/2028	0.25
0.24%	-0.04%	$640,871.81	Technology	Wireless Communications	United States	5.25%	NR	06/01/2023	1.60
0.24%	-0.01%	$639,213.88	Corporate Securities	Healthcare	Israel	4.50%	Ba2	03/01/2025	2.88
0.24%	-0.00%	$626,174.02	Corporate Securities	Building Products	United States	4.63%	B3	07/01/2028	4.17
0.23%	-0.00%	$620,956.96	Corporate Securities	Food	United States	4.63%	B1	11/15/2028	3.67
0.23%	-0.01%	$619,953.94	Corporate Securities	Wireless Communications	Chile	4.70%	B1	01/22/2028	3.82
0.23%	-0.01%	$614,505.32	Corporate Securities	Entertainment & Leisure	United States	4.75%	B1	05/15/2029	4.04
0.23%	-0.00%	$604,562.98	Corporate Securities	Broadcasting	United States	8.38%	Caa1	05/01/2027	0.54
0.23%	-0.02%	$597,037.42	Corporate Securities	Building & Real Estate	China	6.45%	NR	11/07/2024	2.69
0.23%	0.02%	$596,229.56	Process Industries	Healthcare	United States	6.25%	NR	05/15/2022	0.88
0.22%	-0.01%	$594,642.42	Corporate Securities	Healthcare	United States	6.75%	B1	04/15/2025	0.50
0.22%	-0.01%	$579,931.26	Corporate Securities	Services	United States	4.00%	B1	05/04/2026	0.25
0.22%	-0.01%	$579,810.25	Corporate Securities	Cable Operators	United Kingdom	3.25%	Ba3	01/31/2031	5.58
0.21%	-0.01%	$567,366.50	Corporate Securities	Banking	Brazil	7.75%	B1	02/15/2029	2.14
0.21%	-0.01%	$564,875.95	Corporate Securities	Food	Netherlands	5.75%	Caa1	05/15/2026	3.75
0.21%	-0.01%	$550,028.01	Corporate Securities	Wireless Communications	Ukraine	6.20%	NR	02/11/2025	0.35
0.21%	-0.00%	$547,337.56	Corporate Securities	Aerospace & Defense	United States	4.50%	B1	02/01/2028	N/A
0.21%	N/A	$544,500.00	Corporate Securities	Chemicals	United States	7.50%	Caa1	09/07/2029	0.25
0.20%	-0.01%	$537,638.50	Corporate Securities	Food	United States	4.50%	B2	12/21/2027	0.25
0.20%	-0.00%	$536,234.15	Corporate Securities	Broadcasting	United States	4.50%	B1	05/01/2029	4.04
0.20%	-0.01%	$535,793.61	Corporate Securities	Energy	United States	8.25%	B2	01/15/2029	2.06
0.20%	-0.00%	$524,931.36	Corporate Securities	Building Products	United States	6.13%	Caa2	07/01/2029	4.01
0.20%	-0.01%	$524,025.14	Corporate Securities	Services	United Kingdom	4.38%	B3	02/07/2025	2.96
0.20%	-0.00%	$523,040.09	Corporate Securities	Entertainment & Leisure	United States	5.25%	B2	11/15/2022	1.06
0.20%	-0.01%	$521,309.81	Corporate Securities	Building & Real Estate	United States	4.38%	Ba3	02/01/2031	6.17
0.20%	-0.01%	$519,808.89	Corporate Securities	Building & Real Estate	United States	4.13%	Ba3	02/01/2029	3.90
0.19%	-0.01%	$514,672.84	Corporate Securities	Services	United Kingdom	6.50%	NR	01/31/2026	1.25
0.19%	N/A	$512,205.66	Corporate Securities	Energy	United States	3.88%	Ba3	08/15/2029	6.35
0.19%	N/A	$507,291.88	Corporate Securities	Airlines	Canada	4.63%	Ba2	08/15/2029	5.44
0.19%	-0.01%	$504,900.00	Corporate Securities	Information Technology	United States	7.25%	NR	04/23/2029	0.25
0.19%	-0.00%	$499,887.20	Corporate Securities	Healthcare	Germany	3.63%	B1	11/15/2026	1.53
0.19%	-0.01%	$493,964.35	Corporate Securities	Services	Germany	4.38%	B1	07/15/2027	1.67
0.19%	-0.01%	$492,750.17	Corporate Securities	Supermarkets	United Kingdom	4.00%	B1	02/16/2027	4.77
0.18%	-0.00%	$485,814.92	Corporate Securities	Healthcare	Israel	6.75%	Ba2	03/01/2028	5.08
0.18%	-0.01%	$472,500.17	Corporate Securities	Supermarkets	United Kingdom	4.00%	B1	02/16/2027	4.77
0.18%	-0.03%	$467,170.52	Corporate Securities	Building & Real Estate	China	6.75%	B1	07/08/2025	3.16
0.18%	-0.01%	$465,435.93	Corporate Securities	Cable Operators	Netherlands	3.38%	B3	02/28/2030	5.55
0.17%	-0.02%	$459,069.18	Corporate Securities	Entertainment & Leisure	United States	7.63%	B2	03/01/2026	2.14
0.17%	-0.01%	$448,489.71	Corporate Securities	Banking	Brazil	7.75%	B1	02/15/2029	2.14
0.17%	-0.01%	$445,260.77	Corporate Securities	Wireless Communications	Ukraine	6.20%	NR	02/11/2025	0.35
0.17%	-0.01%	$442,119.57	Corporate Securities	Metals & Mining	United States	5.63%	B2	06/15/2028	1.59
0.16%	-0.00%	$435,269.07	Corporate Securities	Energy	United States	5.88%	B1	02/01/2029	2.16
0.16%	-0.01%	$433,683.42	Corporate Securities	Telephones	Brazil	5.13%	NR	03/31/2027	4.55
0.16%	0.02%	$429,815.50	Corporate Securities	Healthcare	United States	5.25%	B2	11/23/2027	0.25
0.16%	-0.00%	$427,816.67	Corporate Securities	Energy	United States	5.50%	Ba2	12/01/2025	3.48
0.16%	-0.01%	$426,828.80	Corporate Securities	Cable Operators	Panama	6.88%	B2	09/15/2027	0.90
0.16%	0.00%	$425,764.20	Corporate Securities	Energy	United States	5.85%	Ba2	05/21/2043	1.47
0.16%	-0.01%	$418,112.50	Corporate Securities	Manufacturing	United States	7.25%	Caa2	05/21/2029	0.25
0.16%	-0.01%	$417,042.04	Corporate Securities	Cable Operators	United States	3.88%	Ba1	11/15/2029	7.01
0.16%	-0.01%	$415,967.79	Corporate Securities	Cable Operators	United Kingdom	4.88%	B2	07/15/2028	3.39
0.15%	-0.00%	$406,650.00	Corporate Securities	Metals & Mining	Peru	4.50%	B3	04/01/2026	4.02
0.15%	-0.00%	$406,643.46	Corporate Securities	Satellites	Luxembourg	0.00%	NR	07/13/2022	0.25
0.15%	-0.00%	$398,747.59	Corporate Securities	Cable Operators	United Kingdom	5.25%	Ba3	05/15/2029	2.39
0.15%	-0.01%	$385,202.17	Corporate Securities	Healthcare	United States	7.00%	B3	01/15/2028	2.86
0.14%	-0.00%	$382,031.25	Corporate Securities	Aerospace & Defense	United States	8.50%	NR	02/01/2029	0.25
0.14%	-0.01%	$378,790.65	Corporate Securities	Utilities	Spain	3.13%	NR	01/01/2028	3.87
0.14%	N/A	$370,000.00	Corporate Securities	Healthcare	United States	5.25%	Caa1	10/01/2029	4.33
0.14%	-0.01%	$361,421.89	Corporate Securities	Healthcare	France	5.00%	Caa1	02/01/2029	3.76
0.14%	N/A	$360,584.67	Corporate Securities	Building & Real Estate	China	8.95%	NR	01/22/2023	1.05
0.14%	0.01%	$356,943.52	Corporate Securities	Financial	United States	4.88%	B3	06/30/2029	4.16
0.13%	-0.01%	$351,331.25	Corporate Securities	Building & Real Estate	United States	4.75%	B1	04/01/2029	4.81
0.13%	N/A	$349,117.46	Corporate Securities	Services	United States	4.88%	Caa1	07/01/2029	4.13
0.13%	-0.01%	$346,813.26	Corporate Securities	Services	United States	5.75%	Ba3	04/15/2026	3.99
0.13%	-0.01%	$346,663.89	Corporate Securities	Entertainment & Leisure	Germany	6.50%	Caa2	05/15/2026	3.04
0.13%	-0.02%	$340,423.78	Corporate Securities	Gaming	Macau	5.63%	B1	08/26/2028	5.57
0.13%	-0.00%	$338,052.99	Corporate Securities	Energy	United States	6.00%	B1	12/31/2030	5.75
0.13%	-0.01%	$337,327.09	Corporate Securities	Healthcare	France	5.00%	Caa1	02/01/2029	3.76
0.12%	-0.00%	$329,446.48	Corporate Securities	Food Processing	Ukraine	6.75%	NR	10/27/2027	1.87
0.12%	-0.00%	$325,402.30	Energy	Energy	United States	4.25%	NR	03/15/2045	0.07
0.12%	N/A	$322,919.29	Corporate Securities	Airlines	Canada	3.88%	Ba2	08/15/2026	3.96
0.11%	-0.01%	$295,672.01	Corporate Securities	Energy	United States	6.00%	Ba3	02/01/2031	5.84
0.11%	-0.01%	$293,418.91	Corporate Securities	Entertainment & Leisure	France	3.50%	B1	03/01/2025	2.25
0.11%	-0.01%	$293,141.47	Corporate Securities	Building & Real Estate	United States	4.75%	B1	02/15/2028	3.90
0.11%	-0.00%	$286,592.54	Corporate Securities	Building & Real Estate	United States	4.88%	Ba3	09/15/2028	1.84
0.10%	-0.00%	$274,172.25	Corporate Securities	Healthcare	United States	4.38%	B2	02/11/2026	0.25
0.10%	-0.01%	$270,828.73	Corporate Securities	Supermarkets	United States	7.50%	Ba3	03/15/2026	0.44
0.10%	-0.00%	$266,825.54	Corporate Securities	Energy	United States	4.38%	Ba1	01/15/2028	5.29
0.10%	-0.01%	$264,442.97	Corporate Securities	Energy	United States	5.75%	Ba3	02/01/2029	4.52
0.10%	-0.00%	$259,495.62	Corporate Securities	Healthcare	Germany	4.13%	B1	05/15/2028	2.40
0.10%	-0.12%	$254,497.50	Corporate Securities	Financial	Germany	6.75%	B2	11/01/2025	0.99
0.09%	-0.00%	$245,237.27	Corporate Securities	Healthcare	United States	2.88%	Ba2	04/30/2028	4.17
0.09%	-0.00%	$242,012.88	Corporate Securities	Services	France	6.00%	NR	04/15/2025	0.07
0.09%	-0.00%	$237,735.12	Corporate Securities	Energy	United States	6.88%	Ba2	01/15/2029	2.10
0.09%	-0.00%	$233,259.10	Corporate Securities	Satellites	United States	8.63%	NR	01/02/2024	0.25
0.09%	-0.00%	$231,956.92	Corporate Securities	Information Technology	United States	6.50%	B2	10/02/2025	0.63
0.08%	-0.03%	$221,134.27	Corporate Securities	Chemicals	Canada	5.65%	Ba1	12/01/2044	12.91
0.08%	-0.00%	$219,338.53	Corporate Securities	Automotive	India	5.88%	B1	05/20/2025	3.21
0.08%	-0.00%	$215,921.20	Corporate Securities	Container	Netherlands	8.50%	Caa2	08/15/2027	0.82
0.08%	-0.00%	$215,040.98	Corporate Securities	Healthcare	Israel	6.00%	Ba2	04/15/2024	2.07
0.08%	-0.00%	$212,559.38	Corporate Securities	Utilities	United States	5.25%	B1	07/01/2030	5.57
0.08%	-0.03%	$209,362.84	Corporate Securities	Energy	United States	8.13%	B3	05/01/2025	2.91
0.08%	-0.33%	$206,486.27	Corporate Securities	Container	United States	8.38%	Caa1	04/15/2027	4.35
0.08%	-0.00%	$203,623.98	Corporate Securities	Financial	United States	5.25%	Ba1	08/15/2028	1.76
0.08%	N/A	$202,635.49	Corporate Securities	Supermarkets	United Kingdom	3.25%	Ba2	02/16/2026	4.03
0.08%	N/A	$201,329.51	Corporate Securities	Manufacturing	United States	5.00%	B2	08/31/2028	0.25
0.07%	-0.00%	$195,011.62	Corporate Securities	Energy	United States	5.50%	B1	02/01/2026	1.27
0.06%	0.00%	$170,687.84	Corporate Securities	Energy	United States	6.75%	Ba1	09/15/2037	10.61
0.06%	-0.00%	$169,024.59	Corporate Securities	Energy	United States	7.38%	Ba3	06/15/2170	1.09
0.06%	-0.00%	$168,390.30	Corporate Securities	Metals & Mining	Peru	6.13%	B3	04/01/2029	3.91
0.06%	-0.00%	$156,715.85	Corporate Securities	Satellites	United States	8.00%	NR	11/27/2023	0.25
0.06%	-0.00%	$154,970.35	Corporate Securities	Cable Operators	France	4.13%	B2	01/15/2029	6.08
0.06%	-0.00%	$154,761.14	Corporate Securities	Container	Netherlands	3.75%	B2	08/15/2026	0.83
0.06%	N/A	$149,749.50	Corporate Securities	Manufacturing	United States	3.75%	B1	06/21/2028	0.25
0.05%	-0.00%	$144,999.13	Corporate Securities	Cable Operators	United Kingdom	5.25%	Ba3	05/15/2029	2.39
0.05%	-0.12%	$136,509.41	Corporate Securities	Financial	Germany	6.75%	B2	11/01/2025	0.99
0.05%	-0.00%	$124,092.02	Corporate Securities	Automotive	United States	9.63%	Ba2	04/22/2030	6.02
0.04%	0.00%	$115,613.29	Corporate Securities	Energy	United States	8.13%	Ba1	08/16/2030	6.69
0.03%	-0.00%	$90,542.67	Corporate Securities	Cable Operators	France	7.38%	B2	05/01/2026	0.01
0.03%	-0.00%	$74,498.13	Corporate Securities	Energy	United States	6.95%	Ba2	07/01/2024	2.49
0.02%	0.00%	$63,323.30	Corporate Securities	Energy	United States	6.45%	Ba1	11/03/2036	10.08
0.01%	-0.00%	$23,396.99	Corporate Securities	Supermarkets	United States	7.45%	NR	08/01/2029	6.02
0.01%	-0.00%	$18,853.50	Corporate Securities	Broadcasting	United States	6.38%	B1	05/01/2026	0.56
0.00%	-0.00%	$12,545.11	Corporate Securities	Supermarkets	United States	8.00%	NR	05/01/2031	6.81

Numbers may not total due to rounding; all numbers are percentages.

Please note that holdings are released 15 days after the period end. From time to time, certain securities held may not be listed. This is done to prevent potential harm to the portfolio while the manager completes a buying or selling program in those securities.

The information shown does not reflect any ETFs that may be held in the portfolio.

Platforms (Advisor Class)

Platform	Retail Investor	Institutional Investor
Pershing	N/A	NTF
TD Ameritrade	N/A	NTF
Schwab	N/A	NTF
Fidelity	N/A	NTF

NTF No Transaction Fee
TF Transaction Fee
N/A Not Available

Calendar Year Performance

2015	2016	2017	2018	2019	2020
-0.76%	15.00%	8.55%	-2.09%	14.23%	5.64%	Fund
-2.03%	16.21%	8.02%	-1.90%	14.54%	6.61%	Benchmark
1.27%	-1.21%	0.53%	-0.19%	-0.31%	-0.97%	Value added

Advisor Class Inception Date: 01/22/2015

Benchmark: ICE BofAML Global High Yield Index Hedged to USD

© 2021 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Number of years managing the fund. In the case of co-portfolio management, the longer tenure is displayed.

Figure applies to all share classes.

Morningstar (Category)

Morningstar(Overall Rating)1

Fund Manager Tenure2

Net Assets3(USD)

Price(USD)

Daily Price Change

Strategy

Investment Objective

Morningstar Fixed Income Style

Morningstar Rating

Yields & Dividends (Advisor Class)

30-Day SEC Standardized Yield

with waiver

without waiver

30-Day Annualized Dividend Yield

with waiver

Monthly Dividend(USD)

Monthly DividendRate

Average Annual Total Returns (Advisor Class)

1 YR

Benchmark

Value

3 YR

Benchmark

Value

5 YR

Benchmark

Value

Since Inception

Benchmark

Value

Expense Ratio

Gross

Net

Limitation Type

Current Year Performance (Advisor Class)

Daily YTD

Benchmark

Value

Monthly YTD

Benchmark

Value

One Month

Benchmark

Value

Three Months

Benchmark

Value

Asset Allocation

Net Assets(USD)

Holdings

TotalHoldings

Quality

Maturity

Weighted Average

Duration

Weighted Average

Top

B Rated

Top

5-7 Years

Top

3-5 Years

Over

B Rated

Over

7-10 Years

Over

Under 1 Year

Under

BB Rated

Under

1-3 Years

Under

1-3 Years

Industry

TotalIndustries

Over

Cable Operators

Under

Morningstar
(Overall Rating)¹

Fund Manager Tenure²

Net Assets³
(USD)

Price
(USD)

Monthly Dividend
(USD)

Monthly Dividend
Rate

Net Assets
(USD)

Total
Holdings

Total
Industries

Michael Della Vedova
Co-Portfolio Manager

Michael Connelly, CFA
Co-Portfolio Manager

Samy Muaddi, CFA
Co-Portfolio Manager

Gregor T. Dannacher, CFA
Portfolio Specialist