Market
Memos from Howard Marks: Nobody Knows (Yet Again)Portfolio
As of 03/31/2025
Characteristics
Top Holdings Concentration
Nomura Resecuritization Trust 2014-1R
1%
|
Plains All American Pipeline LP
1%
|
CSC Holdings LLC
1%
|
Altice France SA/France
1%
|
Hilton USA Trust 2016-HHV
1%
|
Uniti Group LP / Uniti Group Finance Inc / CSL Capital LLC
1%
|
PG&E Corp
1%
|
CHS/Community Health Systems Inc
1%
|
111 Wall Street 5.00% 12/31/24 PVT (USD)
1%
|
Enbridge Inc
1%
|
Asset Allocation
The top holdings will vary over time. There is no guarantee that the Fund currently holds any of the securities listed. The information above is based on the total assets of the Fund. The holdings listed should not be considered recommendations to purchase or sell a particular security.
Sector and country allocations and asset classes determined by the Adviser are expressed as a percentage of total investments (by market value) and will vary over time.
Cash and Other includes available cash and other receivables and payables of the Fund.