Each N-PORT filing of PHYL compared with the one before: positions added and dropped, the largest weight changes, turnover. Computed by Mulden from the filings; dated by filing period and SEC receipt.https://themulden.com/enhttps://themulden.com/funds/phyl/https://themulden.com/funds/phyl/762 positions became 774: 85 added (8.72% of the fund), 73 dropped (9.83%). Turnover proxy 16.5%. Largest increases: SV RNO PROPERTY OWNER 1 LLC 0.24% to 0.53%; NEPTUNE BIDCO US INC 0.08% to 0.35%; WULF COMPUTE LLC 0.14% to 0.4%; BLACK PEARL COMPUTE LLC 0.06% to 0.23%; RADIATE HOLDCO LLC 0.75% to 0.9%; ASURION LLC / ASURION CO-ISSUER INC 0.21% to 0.35%. Largest decreases: UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 0.4% to 0.08%; LEVEL 3 FINANCING INC 0.31% to 0.04%; SBA COMMUNICATIONS CORP 0.8% to 0.53%; UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 0.61% to 0.35%; UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 0.3% to 0.06%; UNITED RENTALS (NORTH AMERICA) INC 0.3% to 0.08%. New: (PIPA070) PGIM Core Government Money Market Fund (1.46%), MERIDIAN ARC HOLDCO LLC (0.56%), UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT (0.5%), PR RNO PROPERTY OWNER 1 LLC (0.35%), ARC FALCON I INC (0.28%), TALEN ENERGY SUPPLY LLC (0.21%). Gone: (PIPA070) PGIM Core Government Money Market Fund (2.31%), VISTAJET MALTA FINANCE PLC (0.71%), United States Treasury Notes (0.68%), United States Treasury Notes (0.49%), Frontier Communications Holdings Llc (0.46%), HudBay Minerals Inc (0.41%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Mon, 27 Jul 2026 12:00:00 GMThttps://themulden.com/funds/phyl/https://themulden.com/funds/phyl/746 positions became 762: 91 added (10.71% of the fund), 75 dropped (8.5%). Turnover proxy 33.4%. Largest increases: (PIPA070) PGIM Core Government Money Market Fund 1.22% to 2.31%; TransDigm, Inc. 0.35% to 0.97%; Davita Inc 0.18% to 0.65%; Herc Holdings Inc 0.06% to 0.5%; Allied Universal Holdco LLC / Allied Universal Finance Corpo 0.14% to 0.57%; UNITI SERVICES LLC 0.06% to 0.41%. Largest decreases: PGIM ETF Trust 2.2% to 1.12%; United Rentals (North America), Inc. 0.77% to 0.3%; Adient Global Holdings Ltd 0.53% to 0.12%; CHS/Community Health Systems Inc 0.44% to 0.03%; BROOKFIELD RESIDENTIAL PROPERTIES ULC 0.59% to 0.18%; EchoStar Corp. 0.76% to 0.36%. New: United States Treasury Notes (0.68%), United States Treasury Notes (0.61%), Level 3 Financing, Inc. (0.59%), United States Treasury Notes (0.49%), Vistra Operations Co LLC (0.46%), ASURION LLC (0.45%). Gone: MEDLINE BORROWER LP (0.67%), HERC HOLDINGS INC (0.64%), US TREASURY N/B (0.56%), MATTAMY GROUP CORP (0.47%), US TREASURY N/B (0.47%), NABORS INDUSTRIES LTD (0.41%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Thu, 23 Apr 2026 12:00:00 GMThttps://themulden.com/funds/phyl/https://themulden.com/funds/phyl/728 positions became 746: 108 added (8.93% of the fund), 90 dropped (11.79%). Turnover proxy 27.2%. Largest increases: CAESARS ENTERTAIN INC 0.09% to 0.63%; VISTRA OPERATIONS CO LLC 0.04% to 0.58%; DISH DBS CORP 0.06% to 0.55%; CARVANA CO 0.62% to 1.03%; LEVEL 3 FINANCING INC 0.06% to 0.39%; SBA COMMUNICATIONS CORP 0.4% to 0.71%. Largest decreases: PGIM AAA CLO ETF - Old IO fund 3.19% to 2.2%; CCO HLDGS LLC/CAP CORP 0.92% to 0.26%; US TREASURY N/B 1.26% to 0.61%; VENTURE GLOBAL LNG INC 0.47% to 0.16%; (PIPA070) PGIM Core Government Money Market Fund 1.49% to 1.22%; CARNIVAL CORP 0.56% to 0.3%. New: RADIATE HOLDCO LLC (0.67%), US TREASURY N/B (0.56%), US TREASURY N/B (0.47%), VOLTAGRID LLC (0.31%), CLARIOS GLOBAL LP/US FIN (0.21%), NUMERICABLE US LLC (0.2%). Gone: US TREASURY N/B (1.92%), US TREASURY N/B (1%), Radiate Holdco LLC (0.63%), ANTERO MIDSTREAM PART/FI (0.36%), CARVANA CO (0.33%), NATIONSTAR MTG HLD INC (0.32%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Tue, 27 Jan 2026 12:00:00 GMThttps://themulden.com/funds/phyl/https://themulden.com/funds/phyl/687 positions became 728: 101 added (13.11% of the fund), 60 dropped (12.59%). Turnover proxy 28.9%. Largest increases: (PIPA070) PGIM Core Government Money Market Fund 0.34% to 1.49%; CSC HOLDINGS LLC 0.15% to 0.47%; SUNOCO LP 0.07% to 0.38%; UNITED RENTALS NORTH AM 0.27% to 0.56%; GOEASY LTD 0.1% to 0.38%; CARVANA CO 0.35% to 0.62%. Largest decreases: PGIM AAA CLO ETF 4.59% to 3.19%; US TREASURY N/B 2.21% to 1.26%; US TREASURY N/B 0.37% to 0.03%; INTERCONTINENTAL EXCHANGE, INC. 0.82% to 0.5%; MEDLINE BORROWER LP 0.99% to 0.68%; DAVITA INC 0.96% to 0.78%. New: US TREASURY N/B (1.92%), US TREASURY N/B (1%), Radiate Holdco LLC (0.63%), NAVIENT CORP (0.38%), HERC HOLDINGS INC (0.37%), ALLIED UNIVERSAL (0.31%). Gone: US TREASURY N/B (2.71%), US TREASURY N/B (1.06%), ALLIED UNIVERSAL (0.72%), CLEAR CHANNEL OUTDOOR HO (0.51%), H&E EQUIPMENT SERVICES (0.48%), FREEDOM MORTGAGE CORP (0.44%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Wed, 29 Oct 2025 12:00:00 GMThttps://themulden.com/funds/phyl/https://themulden.com/funds/phyl/666 positions became 687: 86 added (12.42% of the fund), 65 dropped (4.94%). Turnover proxy 20.1%. Largest increases: CSC HOLDINGS LLC 0.23% to 0.71%; BAUSCH HEALTH COS INC 0.02% to 0.44%; FRONTIER COMMUNICATIONS 0.09% to 0.33%; Radiate Holdco LLC 0.16% to 0.35%; INTERCONTINENTAL EXCHANGE, INC. 0.63% to 0.82%; Lumen Technologies, Inc. 0.06% to 0.24%. Largest decreases: (PIPA070) PGIM Core Government Money Market Fund 1.8% to 0.34%; DISH DBS CORP 0.58% to 0.08%; US TREASURY N/B 0.85% to 0.37%; PGIM AAA CLO ETF 5% to 4.59%; NATIONSTAR MTG HLD INC 0.43% to 0.1%; MEDLINE BORROWER LP 1.19% to 0.99%. New: US TREASURY N/B (2.71%), US TREASURY N/B (2.21%), US TREASURY N/B (1.06%), CLARIOS GLOBAL LP/US FIN (0.26%), OLYMPUS WTR US HLDG CORP (0.25%), Asurion LLC (0.25%). Gone: US TREASURY N/B (0.59%), PENNYMAC FIN SVCS INC (0.39%), LEVEL 3 FINANCING INC (0.32%), NEW GOLD INC (0.31%), DIVERSIFIED HEALTHCARE T (0.25%), Bausch Health Companies Inc (0.25%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Tue, 29 Jul 2025 12:00:00 GMThttps://themulden.com/funds/phyl/https://themulden.com/funds/phyl/638 positions became 666: 79 added (6.41% of the fund), 51 dropped (4.7%). Turnover proxy 18%. Largest increases: (PIPA070) PGIM Core Government Money Market Fund 1.28% to 1.8%; MEDLINE BORROWER LP 0.87% to 1.19%; PGIM AAA CLO ETF 4.69% to 5%; B&G FOODS INC 0.18% to 0.46%; NRG ENERGY INC 0.07% to 0.32%; CARVANA CO 0.07% to 0.3%. Largest decreases: NCL CORPORATION LTD 0.55% to 0.07%; US TREASURY N/B 1.13% to 0.85%; FRONTIER COMMUNICATIONS 0.36% to 0.09%; ZEGONA FINANCE PLC 0.37% to 0.11%; VISTRA OPERATIONS CO LLC 0.29% to 0.09%; ROYAL CARIBBEAN CRUISES 0.48% to 0.31%. New: US TREASURY N/B (0.59%), UNITI GROUP/CSL CAPITAL (0.3%), ECHOSTAR CORP (0.26%), QUIKRETE HOLDINGS INC (0.25%), DIG HLDNG/DIG FIN/DIFL (0.22%), DIG MIDCO/DIFL US II LLC (0.19%). Gone: CALPINE CORP (0.36%), GEN DIGITAL INC (0.33%), CITGO PETROLEUM CORP (0.33%), JBS USA HOLD/FOOD/LUX CO (0.3%), Rockford Tower CLO Ltd (0.26%), MPH ACQUISITION HOLDINGS (0.25%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Fri, 25 Apr 2025 12:00:00 GMThttps://themulden.com/funds/phyl/https://themulden.com/funds/phyl/600 positions became 638: 96 added (14.63% of the fund), 58 dropped (5.31%). Turnover proxy 25.8%. Largest increases: DISH DBS CORP 0.14% to 0.74%; TRANSDIGM INC 0.13% to 0.43%; UNITI GROUP/CSL CAPITAL 0.1% to 0.4%; BOMBARDIER INC 0.39% to 0.64%; LEVEL 3 FINANCING INC 0.05% to 0.28%; VISTRA CORP 0.32% to 0.54%. Largest decreases: (PIPA070) PGIM Core Government Money Market Fund 2.38% to 1.28%; EXPAND ENERGY CORP 0.58% to 0.14%; ORGANON & CO/ORGANON FOR 0.86% to 0.57%; LEVEL 3 FINANCING INC 0.47% to 0.21%; TENET HEALTHCARE CORP 0.67% to 0.42%; Madison Park Funding Ltd 0.77% to 0.52%. New: PGIM AAA CLO ETF (4.69%), US TREASURY N/B (1.13%), FRONTIER COMMUNICATIONS (0.36%), CALPINE CORP (0.36%), Bausch Health Companies Inc (0.31%), OLYMPUS WTR US HLDG CORP (0.29%). Gone: FORD MOTOR COMPANY (0.42%), INTERCONTINENTALEXCHANGE (0.27%), VECTOR GROUP LTD (0.26%), ASCENT RESOURCES/ARU FIN (0.25%), CMG MEDIA CORPORATION (0.21%), SS&C TECHNOLOGIES INC (0.19%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Mon, 27 Jan 2025 12:00:00 GMThttps://themulden.com/funds/phyl/https://themulden.com/funds/phyl/585 positions became 600: 73 added (6.55% of the fund), 58 dropped (6.88%). Turnover proxy 11.4%. Largest increases: Ferrellgas Partners LP 0.1% to 0.42%; ORGANON & CO/ORGANON FOR 0.57% to 0.86%; BOMBARDIER INC 0.14% to 0.39%; TENNECO INC 0.39% to 0.61%; CARNIVAL CORP 0.37% to 0.54%; ALTICE FINANCING SA 0.13% to 0.29%. Largest decreases: (PIPA070) PGIM Core Government Money Market Fund 3.07% to 2.38%; BOMBARDIER INC 0.25% to 0.08%; VIASAT INC 0.48% to 0.32%; WYNN MACAU LTD 0.45% to 0.29%; Atlas Static Senior Loan Fund 0.46% to 0.33%; Voya CLO Ltd 0.23% to 0.12%. New: CARVANA CO (0.38%), ZEGONA FINANCE PLC (0.35%), CSC Holdings LLC (0.29%), INTERCONTINENTALEXCHANGE (0.27%), CLEAR CHANNEL OUTDOOR HO (0.26%), CARVANA CO (0.22%). Gone: Carlyle Global Market Strategi (0.57%), BLACK KNIGHT INFOSERV LL (0.39%), PRIME HEALTHCARE SERVICE (0.35%), CCO HLDGS LLC/CAP CORP (0.34%), SRS DISTRIBUTION INC (0.32%), GRAY TELEVISION INC (0.3%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Tue, 29 Oct 2024 12:00:00 GMThttps://themulden.com/funds/phyl/https://themulden.com/funds/phyl/553 positions became 585: 73 added (6.81% of the fund), 41 dropped (5.3%). Turnover proxy 14.1%. Largest increases: (PIPA070) PGIM Core Government Money Market Fund 1.31% to 3.07%; CALPINE CORP 0.2% to 0.68%; CAESARS ENTERTAIN INC 0.32% to 0.58%; INTERCONTINENTAL EXCHANGE, INC. 0.08% to 0.32%; GEN DIGITAL INC 0.08% to 0.3%; POST HOLDINGS INC 0.08% to 0.27%. Largest decreases: US TREASURY N/B 1.34% to 0.4%; ANTERO RESOURCES CORP 0.39% to 0.13%; CHESAPEAKE ENERGY CORP 0.47% to 0.23%; TENET HEALTHCARE CORP 0.88% to 0.68%; WYNN MACAU LTD 0.63% to 0.45%; ALLIED UNIVERSAL 0.19% to 0.02%. New: LEVEL 3 FINANCING INC (0.62%), LEVEL 3 FINANCING INC (0.36%), MGM RESORTS INTL (0.29%), Connect Finco SARL (0.25%), Cotiviti Inc (0.22%), GRAY TELEVISION INC (0.21%). Gone: US TREASURY N/B (1.28%), VERSCEND ESCROW CORP (0.58%), LEVEL 3 FINANCING INC (0.39%), US TREASURY N/B (0.25%), CCO HLDGS LLC/CAP CORP (0.24%), COTIVITI INC (0.23%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Mon, 29 Jul 2024 12:00:00 GMThttps://themulden.com/funds/phyl/https://themulden.com/funds/phyl/534 positions became 553: 63 added (9.21% of the fund), 44 dropped (10.13%). Turnover proxy 18%. Largest increases: (PIPA070) PGIM Core Government Money Market Fund 0.84% to 1.31%; WYNN MACAU LTD 0.33% to 0.63%; VENTURE GLOBAL LNG INC 0.43% to 0.7%; DISH NETWORK CORP 0.27% to 0.51%; TENNECO INC 0.16% to 0.38%; 1011778 BC / NEW RED FIN 0.14% to 0.34%. Largest decreases: ALLIED UNIVERSAL 0.46% to 0.19%; SALLY HOLDINGS/SALLY CAP 0.27% to 0.03%; EG GLOBAL FINANCE PLC 0.41% to 0.2%; CCO HLDGS LLC/CAP CORP 0.65% to 0.44%; TENET HEALTHCARE CORP 0.41% to 0.23%; CAESARS ENTERTAIN INC 0.46% to 0.31%. New: US TREASURY N/B (1.34%), Trinitas CLO Ltd (0.85%), ALTICE FINANCING SA (0.44%), Rockford Tower CLO Ltd (0.43%), Venator Materials PLC (0.36%), FRONTIER COMMUNICATIONS (0.33%). Gone: US TREASURY N/B (4.38%), BOMBARDIER INC (0.56%), CAESARS ENTERTAIN INC (0.51%), US TREASURY N/B (0.42%), Venator Materials PLC (0.39%), UNIVISION COMMUNICATIONS (0.3%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Tue, 23 Apr 2024 12:00:00 GMThttps://themulden.com/funds/phyl/https://themulden.com/funds/phyl/527 positions became 534: 55 added (9.14% of the fund), 48 dropped (6.13%). Turnover proxy 16%. Largest increases: TENET HEALTHCARE CORP 0.4% to 0.64%; US TREASURY N/B 4.17% to 4.38%; MEDLINE BORROWER LP 0.58% to 0.78%; TENET HEALTHCARE CORP 0.21% to 0.41%; UNIVISION COMMUNICATIONS 0.13% to 0.3%; VISTRA CORP 0.04% to 0.19%. Largest decreases: US TREASURY N/B 2.22% to 0.28%; (PIPA070) PGIM Core Government Money Market Fund 1.93% to 0.84%; PILGRIM'S PRIDE CORP 0.64% to 0.31%; AMC NETWORKS INC 0.33% to 0.02%; ALTICE FRANCE SA 0.45% to 0.2%; CMG MEDIA CORPORATION 0.53% to 0.31%. New: US TREASURY N/B (1.42%), Atlas Static Senior Loan Fund (0.7%), VENTURE GLOBAL LNG INC (0.49%), VENTURE GLOBAL LNG INC (0.43%), EG GLOBAL FINANCE PLC (0.41%), Venator Materials PLC (0.39%). Gone: US TREASURY N/B (1.05%), EG GLOBAL FINANCE PLC (0.35%), MAXIM CRANE WORKS LLC (0.34%), Finastra USA Inc (0.32%), FORD MOTOR CREDIT CO LLC (0.32%), FORD MOTOR CREDIT CO LLC (0.3%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Wed, 24 Jan 2024 12:00:00 GMThttps://themulden.com/funds/phyl/https://themulden.com/funds/phyl/513 positions became 527: 37 added (10.56% of the fund), 23 dropped (2.82%). Turnover proxy 17.5%. Largest increases: CCO HLDGS LLC/CAP CORP 0.1% to 0.37%; FORD MOTOR COMPANY 0.34% to 0.57%; DISH DBS CORP 0.28% to 0.49%; CCO HLDGS LLC/CAP CORP 0.21% to 0.42%; BOMBARDIER INC 0.3% to 0.49%; BLACK KNIGHT INFOSERV LL 0.26% to 0.43%. Largest decreases: US TREASURY N/B 1.34% to 1.05%; BAUSCH HEALTH COS INC 0.83% to 0.57%; Madison Park Funding Ltd 1.13% to 0.88%; TENET HEALTHCARE CORP 1.1% to 0.86%; Race Point CLO Ltd 0.73% to 0.52%; Voya CLO Ltd 0.7% to 0.5%. New: US TREASURY N/B (4.17%), US TREASURY N/B (2.22%), CARNIVAL CORP (0.8%), JBS USA/FOOD/FINANCE (0.33%), CARNIVAL CORP (0.25%), BRINKER INTERNATIONAL IN (0.24%). Gone: OCCIDENTAL PETROLEUM COR (0.59%), JBS USA/FOOD/FINANCE (0.31%), INTERNATIONAL GAME TECH (0.3%), PG&E CORP (0.21%), DIAMOND BC BV (0.21%), JAZZ SECURITIES DAC (0.2%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Wed, 25 Oct 2023 12:00:00 GMThttps://themulden.com/funds/phyl/https://themulden.com/funds/phyl/489 positions became 513: 49 added (6.11% of the fund), 25 dropped (4.69%). Turnover proxy 9.8%. Largest increases: Finastra USA Inc 0.13% to 0.39%; FORD MOTOR COMPANY 0.09% to 0.3%; ORGANON & CO/ORG 0.39% to 0.58%; FERTITTA ENTERTAINMENT 0.24% to 0.42%; GRAY TELEVISION INC 0.1% to 0.28%; IHEARTCOMMUNICATIONS INC 0.11% to 0.26%. Largest decreases: BOMBARDIER INC 0.69% to 0.3%; ONEMAIN FINANCE CORP 0.51% to 0.25%; FORD MOTOR COMPANY 0.58% to 0.32%; KB HOME 0.3% to 0.07%; PILGRIM'S PRIDE CORP 0.89% to 0.71%; LIFEPOINT HEALTH INC 0.57% to 0.42%. New: (PIPA070) PGIM Core Government Money Market Fund (1.98%), OLYMPUS WTR US HLDG CORP (0.23%), FIRST QUANTUM MINERALS L (0.23%), FORD MOTOR CREDIT CO LLC (0.23%), ROYAL CARIBBEAN CRUISES (0.21%), SINCLAIR TELEVISION GROU (0.21%). Gone: Dreyfus Government Cash Management (1.39%), UNITI GRP/UNITI HLD/CSL (1.15%), CREDIT SUISSE NEW YORK (0.27%), FIRST QUANTUM MINERALS L (0.23%), CALPINE CORP (0.19%), MEG ENERGY CORP (0.18%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Tue, 25 Jul 2023 12:00:00 GMThttps://themulden.com/funds/phyl/https://themulden.com/funds/phyl/474 positions became 489: 50 added (8.43% of the fund), 35 dropped (4.93%). Turnover proxy 15.8%. Largest increases: BOMBARDIER INC 0.35% to 0.69%; 1011778 BC / NEW RED FIN 0.13% to 0.41%; MEG ENERGY CORP 0.05% to 0.32%; CHESAPEAKE ENERGY CORP 0.28% to 0.54%; ROYAL CARIBBEAN CRUISES 0.15% to 0.39%; SOUTHWESTERN ENERGY CO 0.3% to 0.54%. Largest decreases: US TREASURY N/B 4.4% to 0.18%; US TREASURY N/B 2.49% to 0.51%; US TREASURY N/B 2.26% to 1.34%; Dreyfus Government Cash Management 1.97% to 1.39%; ONEMAIN FINANCE CORP 0.63% to 0.37%; AMERIGAS PART/FIN CORP 0.41% to 0.16%. New: TENET HEALTHCARE CORP (1.08%), PILGRIM'S PRIDE CORP (0.89%), OCCIDENTAL PETROLEUM COR (0.59%), TENET HEALTHCARE CORP (0.43%), ORGANON & CO/ORG (0.39%), SPRINT LLC (0.3%). Gone: TENET HEALTHCARE CORP (0.87%), PILGRIM'S PRIDE CORP (0.67%), Intrado Corp (0.55%), TENET HEALTHCARE CORP (0.38%), WESCO DISTRIBUTION INC (0.35%), BOMBARDIER INC (0.35%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Mon, 24 Apr 2023 12:00:00 GMThttps://themulden.com/funds/phyl/https://themulden.com/funds/phyl/512 positions became 474: 14 added (1.85% of the fund), 52 dropped (4.75%). Turnover proxy 9.3%. Largest increases: BAUSCH HEALTH COS INC 0.61% to 0.86%; WYNN MACAU LTD 0.15% to 0.38%; BOARD OF TRADE OF THE CITY OF CHICAGO, INC. 4.18% to 4.4%; CITGO PETROLEUM CORP 0.1% to 0.31%; PRIME HEALTHCARE SERVICE 0.15% to 0.3%; HILCORP ENERGY I/HILCORP 0.07% to 0.21%. Largest decreases: Chesapeake Energy Corp 1.25% to 0.71%; Dreyfus Government Cash Management 2.32% to 1.97%; HILTON DOMESTIC OPERATIN 0.53% to 0.27%; FORD MOTOR COMPANY 0.31% to 0.06%; MEG ENERGY CORP 0.38% to 0.17%; WILLIAM CARTER 0.34% to 0.14%. New: Bluemountain CLO Ltd (0.85%), DIG INTL FIN/DIG INTL HL (0.26%), SHEA HOMES LP/FNDG CP (0.22%), ROYAL CARIBBEAN CRUISES (0.15%), SCOTTS MIRACLE-GRO CO (0.12%), BOARD OF TRADE OF THE CITY OF CHICAGO, INC. (0.05%). Gone: HERC HOLDINGS INC (0.36%), CCO HLDGS LLC/CAP CORP (0.34%), QUEBECOR MEDIA INC (0.27%), CSC HOLDINGS LLC (0.25%), GREYSTAR REAL ESTATE PAR (0.24%), Civitas Resources Inc (0.21%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Wed, 25 Jan 2023 12:00:00 GMThttps://themulden.com/funds/phyl/https://themulden.com/funds/phyl/519 positions became 512: 47 added (12.49% of the fund), 54 dropped (15.05%). Turnover proxy 22.3%. Largest increases: PILGRIM'S PRIDE CORP 0.16% to 0.63%; CAESARS ENTERTAIN INC 0.24% to 0.51%; LPL HOLDINGS INC 0.09% to 0.34%; CCO HLDGS LLC/CAP CORP 0.52% to 0.76%; WOLVERINE WORLD WIDE 0.1% to 0.33%; HILTON DOMESTIC OPERATIN 0.3% to 0.53%. Largest decreases: Dreyfus Government Cash Management 5.91% to 2.32%; US TREASURY N/B 3.67% to 2.37%; BAUSCH HEALTH COS INC 0.92% to 0.61%; MGM RESORTS INTL 0.52% to 0.3%; JBS USA/FOOD/FINANCE 0.27% to 0.05%; RAIN CII CARBON LLC/CII 0.28% to 0.1%. New: US TREASURY N/B (4.18%), US TREASURY N/B (2.14%), Voya CLO Ltd (0.79%), Race Point CLO Ltd (0.76%), FERRELLGAS ESCROW LLC 3/30/31 Equity Preferred (0.64%), FORD MOTOR CREDIT CO LLC (0.39%). Gone: F/C US 10YR NOTE (CBT)SEP22 (4.54%), F/C US 5YR NOTE (CBT) SEP22 (3.42%), F/C US 2YR NOTE (CBT) SEP22 (2.47%), FERRELLGAS ESC 8.956% 3/30/31 (0.59%), JBS FINANCE LU 3.625% 01/15/32 (0.28%), INTELSAT SA/LUXEMBOURG (0.22%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Fri, 28 Oct 2022 12:00:00 GMThttps://themulden.com/funds/phyl/https://themulden.com/funds/phyl/554 positions became 519: 32 added (23.07% of the fund), 67 dropped (10.51%). Turnover proxy 26.2%. Largest increases: LEVEL 3 FINANCI 4.25% 07/01/28 0.3% to 0.52%; TENET HEALTHCA 4.375% 01/15/30 0.1% to 0.32%; RANGE RESOURCE 4.875% 05/15/25 0.05% to 0.25%; ASCENT RESOURCES/A 7% 11/01/26 0.13% to 0.32%; AMERICAN AXLE & 6.5% 04/01/27 0.17% to 0.35%; NABORS INDUSTRIE 7.5% 01/15/28 0.13% to 0.3%. Largest decreases: BAUSCH HEALTH C 6.25% 02/15/29 1.4% to 0.92%; RAIN CII CARBON 7.25% 04/01/25 0.6% to 0.28%; T/L MISYS LIMITED 0% 6/13/2024 0.43% to 0.11%; VIASAT INC 5.625% 09/15/25 0.38% to 0.17%; SUMMIT MATERIALS 6.5% 03/15/27 0.31% to 0.1%; UNITED RENTALS 3.875% 02/15/31 0.34% to 0.16%. New: DREYFUS GOVT CASH MGMT-I (5.91%), F/C US 10YR NOTE (CBT)SEP22 (4.54%), US TREAS NTS 2.5% 03/31/27 (3.67%), F/C US 5YR NOTE (CBT) SEP22 (3.42%), F/C US 2YR NOTE (CBT) SEP22 (2.47%), CGMS 2015-5A A1R V/R 01/20/32 (0.72%). Gone: F/C US 5YR NOTE (CBT) JUN22 (3.46%), DIG INTL FIN/DIG 13% 12/31/25 (0.42%), EQT CORP 7.5% 02/01/30 (0.32%), TENET HEALTHCA 4.875% 01/01/26 (0.26%), OCCIDENTAL PETR 6.45% 09/15/36 (0.25%), DIAMOND SPORTS 5.375% 08/15/26 (0.25%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Wed, 20 Jul 2022 12:00:00 GMThttps://themulden.com/funds/phyl/https://themulden.com/funds/phyl/525 positions became 554: 81 added (18.24% of the fund), 52 dropped (24.1%). Turnover proxy 35.3%. Largest increases: TENET HEALTHCAR 4.25% 06/01/29 0.2% to 0.94%; BAUSCH HEALTH C 6.25% 02/15/29 0.67% to 1.4%; LIFEPOINT HEAL 5.375% 01/15/29 0.06% to 0.66%; UNITI GRP/UNIT 7.875% 02/15/25 0.58% to 1.11%; ALTICE FRANCE 8.125% 02/01/27 0.28% to 0.68%; RAIN CII CARBON 7.25% 04/01/25 0.2% to 0.6%. Largest decreases: FORD MOTOR COM 5.291% 12/08/46 0.48% to 0.19%; TENET HEALTHCA 6.125% 10/01/28 0.47% to 0.22%; CIVITAS RESOURCES INC 0.39% to 0.18%; CCO HLDGS LLC/C 4.25% 02/01/31 0.84% to 0.66%; VISTRA OPERATI 5.625% 02/15/27 1.01% to 0.83%; CCO HLDGS LLC/CA 4.5% 05/01/32 0.79% to 0.62%. New: F/C US 5YR NOTE (CBT) JUN22 (3.46%), MDPK 2019-33A AR V/R 10/15/32 (1.08%), CSC HOLDINGS L 5.375% 02/01/28 (0.72%), ONEMAIN FINANC 6.625% 01/15/28 (0.69%), VZ SECURED FINANCI 5% 01/15/32 (0.47%), EG GLOBAL FINAN 6.75% 02/07/25 (0.43%). Gone: F/C US 5YR NOTE (CBT) MAR22 (7.66%), F/C US 10YR NOTE (CBT)MAR22 (3.96%), PRUDENTIAL CORE ULTRA SHORT (3.56%), F/C US 2YR NOTE (CBT) MAR22 (2.01%), REGIONALCARE/LI 9.75% 12/01/26 (0.41%), CHENIERE ENERG 4.625% 10/15/28 (0.41%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Fri, 22 Apr 2022 12:00:00 GMThttps://themulden.com/funds/phyl/https://themulden.com/funds/phyl/530 positions became 525: 68 added (21.31% of the fund), 73 dropped (20.55%). Turnover proxy 34.2%. Largest increases: INTELSAT JACKSON 5.5% 08/01/23 0.04% to 0.32%; TRONOX INC 4.625% 03/15/29 0.16% to 0.41%; MGM RESORTS INT 4.75% 10/15/28 0.25% to 0.5%; PRUDENTIAL CORE ULTRA SHORT 3.32% to 3.56%; CHESAPEAKE ENERGY CORP 0.68% to 0.92%; FORD MOTOR COMPA 7.4% 11/01/46 0.11% to 0.31%. Largest decreases: CCO HLDGS LLC/C 4.25% 02/01/31 1.42% to 0.84%; HCA INC 5.375% 09/01/26 0.56% to 0.18%; BAUSCH HEALTH C 5.25% 01/30/30 0.66% to 0.28%; TENET HEALTHCAR 4.25% 06/01/29 0.53% to 0.2%; INTRADO CORP 8.5% 10/15/25 0.33% to 0.03%; OCCIDENTAL PET 6.125% 01/01/31 0.31% to 0.04%. New: F/C US 5YR NOTE (CBT) MAR22 (7.66%), F/C US 10YR NOTE (CBT)MAR22 (3.96%), F/C US 2YR NOTE (CBT) MAR22 (2.01%), BAUSCH HEALTH AM 8.5% 01/31/27 (0.54%), CIVITAS RESOURCES INC (0.39%), DISH DBS CORP 5.125% 06/01/29 (0.38%). Gone: F/C US 5YR NOTE (CBT) DEC21 (4.38%), F/C US 10YR NOTE (CBT)DEC21 (3.33%), F/C US 2YR NOTE (CBT) DEC21 (2.75%), FORD MOTOR COM 9.625% 04/22/30 (0.77%), BANFF MERGER SU 9.75% 09/01/26 (0.68%), CSC HOLDINGS LL 6.75% 11/15/21 (0.59%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Mon, 24 Jan 2022 12:00:00 GMThttps://themulden.com/funds/phyl/https://themulden.com/funds/phyl/480 positions became 530: 101 added (25.54% of the fund), 51 dropped (17.59%). Turnover proxy 35.4%. Largest increases: PRUDENTIAL CORE ULTRA SHORT 1.64% to 3.32%; CCO HLDGS LLC/C 4.25% 02/01/31 0.86% to 1.42%; UNIVISION COMMUN 4.5% 05/01/29 0.04% to 0.5%; MAXIM CRANE W 10.125% 08/01/24 0.23% to 0.56%; INTERNATIONAL G 5.25% 01/15/29 0.32% to 0.56%; FORD MOTOR COMP 4.75% 01/15/43 0.38% to 0.6%. Largest decreases: CCO HLDGS LLC/CA 4.5% 05/01/32 1.21% to 0.76%; TENET HEALTHCA 6.125% 10/01/28 0.7% to 0.39%; DIAMOND SPORTS 6.625% 08/15/27 0.61% to 0.32%; PRUDENTIAL INVESTMENT 0.67% to 0.42%; ALBERTSONS COS/S 3.5% 03/15/29 0.47% to 0.21%; CHESAPEAKE ENERGY CORP 0.93% to 0.68%. New: F/C US 5YR NOTE (CBT) DEC21 (4.38%), F/C US 10YR NOTE (CBT)DEC21 (3.33%), F/C US 2YR NOTE (CBT) DEC21 (2.75%), UNITED RENTALS 3.875% 02/15/31 (0.65%), CSC HOLDINGS LL 6.75% 11/15/21 (0.59%), UNITI GRP/UNIT 7.875% 02/15/25 (0.47%). Gone: F/C US 5YR NOTE (CBT) SEP21 (3.52%), F/C US 2YR NOTE (CBT) SEP21 (2.98%), F/C US 10YR NOTE (CBT)SEP21 (2.77%), TEMPO ACQUISITI 6.75% 06/01/25 (0.92%), FERRELLGAS ESCROW LLC EQU/PFD/ (0.52%), NAVISTAR INTL CO 9.5% 05/01/25 (0.49%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Mon, 25 Oct 2021 12:00:00 GMThttps://themulden.com/funds/phyl/https://themulden.com/funds/phyl/487 positions became 480: 98 added (23.16% of the fund), 105 dropped (24.03%). Turnover proxy 32.2%. Largest increases: FORD MOTOR COM 9.625% 04/22/30 0.26% to 0.88%; BOMBARDIER INC 7.5% 03/15/25 0.03% to 0.53%; TAYLOR MORRISO 5.125% 08/01/30 0.3% to 0.74%; FORD MOTOR COMPANY 9% 04/22/25 0.18% to 0.55%; WYNN MACAU LTD 5.625% 08/26/28 0.31% to 0.63%; SPRINT CORP 7.625% 03/01/26 0.18% to 0.46%. Largest decreases: PRUDENTIAL CORE ULTRA SHORT 4.07% to 1.64%; PRUDENTIAL INVESTMENT 1.45% to 0.67%; FORD MOTOR COM 5.291% 12/08/46 0.76% to 0.28%; LAUREATE EDUCAT 8.25% 05/01/25 0.53% to 0.19%; NABORS INDUSTRI 5.75% 02/01/25 0.51% to 0.22%; CCO HLDGS LLC/ 5.375% 06/01/29 0.49% to 0.2%. New: F/C US 5YR NOTE (CBT) SEP21 (3.52%), F/C US 2YR NOTE (CBT) SEP21 (2.98%), F/C US 10YR NOTE (CBT)SEP21 (2.77%), CCO HLDGS LLC/CA 4.5% 05/01/32 (1.21%), HCA INC 5.375% 09/01/26 (0.8%), TENET HEALTHCAR 4.25% 06/01/29 (0.52%). Gone: F/C US 5YR NOTE (CBT) JUN21 (4.28%), F/C US 2YR NOTE (CBT) JUN21 (2.98%), F/C US 10YR NOTE (CBT)JUN21 (2.39%), CCO HLDGS LLC/CA 4.5% 05/01/32 (1.23%), XPO LOGISTICS I 6.25% 05/01/25 (0.48%), UNITED RENTALS NOR 4% 07/15/30 (0.43%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Fri, 23 Jul 2021 12:00:00 GMThttps://themulden.com/funds/phyl/https://themulden.com/funds/phyl/473 positions became 487: 121 added (24.18% of the fund), 107 dropped (26.44%). Turnover proxy 38%. Largest increases: PRUDENTIAL CORE ULTRA SHORT 1.52% to 4.07%; NAVISTAR INTL CO 9.5% 05/01/25 0.09% to 0.51%; NABORS INDUSTRI 5.75% 02/01/25 0.14% to 0.51%; T/L WEST CORPORATI 0% 10/10/24 0.08% to 0.44%; BAUSCH HEALTH C 6.25% 02/15/29 0.31% to 0.66%; ONEMAIN FINANC 6.875% 03/15/25 0.14% to 0.47%. Largest decreases: PRUDENTIAL INVESTMENT 2.54% to 1.45%; FORD MOTOR COMP 4.75% 01/15/43 0.95% to 0.38%; BOMBARDIER INC 7.875% 04/15/27 0.64% to 0.13%; SCIENTIFIC GAME 8.25% 03/15/26 0.9% to 0.44%; PARK INTERMED 5.875% 10/01/28 0.71% to 0.28%; WINDSTREAM ESCR 7.75% 08/15/28 0.45% to 0.06%. New: F/C US 5YR NOTE (CBT) JUN21 (4.28%), F/C US 2YR NOTE (CBT) JUN21 (2.98%), F/C US 10YR NOTE (CBT)JUN21 (2.39%), CHESAPEAKE ENERGY CORP (0.78%), HILTON DOMESTI 3.625% 02/15/32 (0.44%), T-MOBILE USA IN 4.75% 02/01/28 (0.4%). Gone: F/C US 2YR NOTE (CBT) MAR21 (2.58%), F/C US 10YR NOTE (CBT)MAR21 (2.54%), REFINITIV US HO 8.25% 11/15/26 (1.19%), HCA INC 5.375% 02/01/25 (0.94%), BAUSCH HEALTH COS 5% 01/30/28 (0.67%), CALPINE CORP 4.625% 02/01/29 (0.65%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Wed, 21 Apr 2021 12:00:00 GMThttps://themulden.com/funds/phyl/https://themulden.com/funds/phyl/397 positions became 473: 130 added (29.33% of the fund), 54 dropped (19.15%). Turnover proxy 41.3%. Largest increases: CCO HLDGS LLC/CA 4.5% 05/01/32 0.07% to 0.97%; PRUDENTIAL CORE ULTRA SHORT 0.77% to 1.52%; BAUSCH HEALTH COS 5% 01/30/28 0.13% to 0.67%; CALPINE CORP 4.625% 02/01/29 0.14% to 0.65%; ONEMAIN FINANC 6.625% 01/15/28 0.15% to 0.58%; SCIENTIFIC GAME 8.25% 03/15/26 0.48% to 0.9%. Largest decreases: CLEAR CHANNEL W 9.25% 02/15/24 1.48% to 0.63%; UNITED RENTALS 4.875% 01/15/28 0.85% to 0.36%; CALPINE CORP 5.125% 03/15/28 1.19% to 0.75%; JBS USA LLC/JBS 5.75% 06/15/25 0.89% to 0.56%; CSC HOLDINGS L 4.625% 12/01/30 0.88% to 0.56%; CCO HLDGS LLC/ 5.375% 06/01/29 0.88% to 0.55%. New: F/C US 2YR NOTE (CBT) MAR21 (2.58%), PRUDENTIAL INVESTMENT (2.54%), F/C US 10YR NOTE (CBT)MAR21 (2.54%), HCA INC 5.375% 02/01/25 (0.94%), TENET HEALTHCA 6.125% 10/01/28 (0.76%), PARK INTERMED 5.875% 10/01/28 (0.71%). Gone: F/C US 10YR NOTE (CBT)DEC20 (5.18%), F/C US 2YR NOTE (CBT) DEC20 (3.52%), T/L MCAFEE LLC 0% 09/29/2025 (0.72%), F/C US 5YR NOTE (CBT) DEC20 (0.67%), AGL 2020-4A A V/R 04/20/28 (0.66%), OCTR 2016-6A AR V/R 07/15/28 (0.65%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Fri, 22 Jan 2021 12:00:00 GMThttps://themulden.com/funds/phyl/https://themulden.com/funds/phyl/364 positions became 397: 91 added (24.21% of the fund), 58 dropped (24.3%). Turnover proxy 30.9%. Largest increases: REFINITIV US HO 8.25% 11/15/26 0.68% to 1.45%; CALPINE CORP 5.125% 03/15/28 0.82% to 1.19%; FORD MOTOR COMPANY 9% 04/22/25 0.31% to 0.65%; BAUSCH HEALTH C 5.25% 01/30/30 0.07% to 0.4%; CCO HLDGS LLC/ 5.375% 06/01/29 0.55% to 0.88%; STANDARD INDUSTRIE 5% 02/15/27 0.06% to 0.33%. Largest decreases: POLARIS INTERMED 8.5% 12/01/22 0.6% to 0.09%; TAYLOR MORRISO 5.875% 01/31/25 0.37% to 0.06%; SALLY HOLDINGS 5.625% 12/01/25 0.64% to 0.34%; LAUREATE EDUCAT 8.25% 05/01/25 0.49% to 0.24%; GRIFFON CORPORA 5.75% 03/01/28 0.36% to 0.14%; CHS/COMMUNITY H 6.25% 03/31/23 0.28% to 0.07%. New: F/C US 10YR NOTE (CBT)DEC20 (5.18%), F/C US 2YR NOTE (CBT) DEC20 (3.52%), CCO HLDGS LLC/C 4.25% 02/01/31 (1.32%), CSC HOLDINGS L 4.625% 12/01/30 (0.88%), F/C US 5YR NOTE (CBT) DEC20 (0.67%), DIGICEL INTL FINA 13% 12/31/25 (0.67%). Gone: F/C US 10YR NOTE (CBT)SEP20 (8.16%), F/C US 2YR NOTE (CBT) SEP20 (3.89%), CSC HOLDINGS 10.875% 10/15/25 (1.27%), CALPINE CORP 5.75% 01/15/25 (1.05%), WELF 2015-1A AR3 V/R 07/20/29 (0.79%), XPLORNET COMMU 9.625% 06/01/22 (0.74%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Tue, 27 Oct 2020 12:00:00 GMThttps://themulden.com/funds/phyl/https://themulden.com/funds/phyl/308 positions became 364: 92 added (27.82% of the fund), 36 dropped (20.17%). Turnover proxy 31.9%. Largest increases: FORD MOTOR COMP 4.75% 01/15/43 0.33% to 0.73%; ZAYO GROUP HOL 6.125% 03/01/28 0.07% to 0.29%; FIVE POINT OP 7.875% 11/15/25 0.14% to 0.35%; BROOKFIELD RES 6.375% 05/15/25 0.16% to 0.36%; SALLY HOLDINGS 5.625% 12/01/25 0.46% to 0.64%; AMERIGAS PART/FI 5.5% 05/20/25 0.38% to 0.54%. Largest decreases: PRUDENTIAL INVESTMENT 3.19% to 0.57%; REFINITIV US HO 8.25% 11/15/26 1.11% to 0.68%; BAUSCH HEALTH 6.125% 04/15/25 0.76% to 0.37%; BOMBARDIER INC 7.5% 12/01/24 1.06% to 0.76%; AMC ENTERTAINM 5.875% 11/15/26 0.42% to 0.13%; INTELSAT JACKSO 9.75% 07/15/25 0.78% to 0.51%. New: F/C US 10YR NOTE (CBT)SEP20 (8.16%), F/C US 2YR NOTE (CBT) SEP20 (3.89%), CLEAR CHANNEL W 9.25% 02/15/24 (1.53%), CSC HOLDINGS 10.875% 10/15/25 (1.27%), F/C US 5YR NOTE (CBT) SEP20 (0.74%), AGL 2020-4A A V/R 04/20/28 (0.73%). Gone: F/C US 10YR NOTE (CBT)JUN20 (7.27%), F/C US 2YR NOTE (CBT) JUN20 (3.92%), F/C US 5YR NOTE (CBT) JUN20 (1.84%), CLEAR CHANNEL W 9.25% 02/15/24 (1.38%), INFOR US INC 6.5% 05/15/22 (0.95%), HCA INC 5.875% 02/01/29 (0.52%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Wed, 22 Jul 2020 12:00:00 GMThttps://themulden.com/funds/phyl/https://themulden.com/funds/phyl/300 positions became 308: 52 added (23.32% of the fund), 44 dropped (23.61%). Turnover proxy 30.5%. Largest increases: PRUDENTIAL INVESTMENT 1.8% to 3.19%; INFOR US INC 6.5% 05/15/22 0.39% to 0.95%; CLEAR CHANNEL W 9.25% 02/15/24 1.05% to 1.38%; BAUSCH HEALTH C 7.25% 05/30/29 0.14% to 0.46%; TENET HEALTHCA 6.875% 11/15/31 0.07% to 0.39%; TENET HEALTHCAR 6.75% 06/15/23 0.33% to 0.64%. Largest decreases: SPRINT CAPITAL 8.75% 03/15/32 0.99% to 0.56%; COMMSCOPE TECH LLC 6% 06/15/25 0.71% to 0.32%; POST HOLDINGS 5.625% 01/15/28 0.41% to 0.16%; MEDNAX INC 6.25% 01/15/27 0.47% to 0.22%; DISH DBS CORP 7.75% 07/01/26 0.54% to 0.29%; ZAYO GROUP LLC 6.375% 05/15/25 0.4% to 0.15%. New: F/C US 10YR NOTE (CBT)JUN20 (7.27%), F/C US 2YR NOTE (CBT) JUN20 (3.92%), F/C US 5YR NOTE (CBT) JUN20 (1.84%), PRUDENTIAL CORE ULTRA SHORT (0.97%), CALPINE CORP 5.125% 03/15/28 (0.78%), T/L MCAFEE LLC 0% 09/29/2025 (0.66%). Gone: F/C US 10YR NOTE (CBT)MAR20 (6.36%), F/C US 2YR NOTE (CBT) MAR20 (3.97%), PRUDENTIAL CORE ULTRA SHORT (3.28%), F/C US 5YR NOTE (CBT) MAR20 (1.83%), STARFRUIT FINCO/ST 8% 10/01/26 (0.96%), T/L MCAFEE LLC 0% 09/29/2025 (0.67%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Tue, 21 Apr 2020 12:00:00 GMT