Mesirow High Yield Fund

Fund Profile

Fund profile

Tickers

MFHVX, MFHIX

Fund manager

Advisors' Inner Circle Fund III

Total assets

$149.36 mm

Liabilities

$4.97 mm

Net assets

$144.39 mm

Number of holdings

125.00

125 Holdings

As of Sep 2024

Security	$Holding	Balance	% of Fund	Category	Position	Country
BROWN BROTHERS HARRIMAN SWEEP INTEREST	7.87 mm	7.87 mm principal	5.45	Short-term investment vehicle	Long	USA
TEN Tenneco Inc.	2.34 mm	2.52 mm principal	1.62	Debt	Long	USA
ITT HOLDINGS LLC 144A 6.500000% 08/01/2029	2.32 mm	2.45 mm principal	1.61	Debt	Long	USA
VIRTUSA CORP 144A 7.125000% 12/15/2028	2.31 mm	2.44 mm principal	1.60	Debt	Long	USA
CCSI Consensus Cloud Solutions, Inc.	2.29 mm	2.29 mm principal	1.59	Debt	Long	USA
MIDCAP FINANCIAL ISSUER TRUST 144A 6.500000% 05/01/2028	2.26 mm	2.33 mm principal	1.57	Debt	Long	USA
BORR IHC LTD / BORR FINANCE LLC 144A 10.000000% 11/15/2028	2.24 mm	2.16 mm principal	1.55	Debt	Long	Mexico
RAND PARENT LLC 144A 8.500000% 02/15/2030	2.23 mm	2.18 mm principal	1.54	Debt	Long	USA
VENTURE GLOBAL LNG INC 144A 8.375000% 06/01/2031	2.22 mm	2.11 mm principal	1.54	Debt	Long	USA
RAIN CARBON INC 144A 12.250000% 09/01/2029	2.22 mm	2.06 mm principal	1.54	Debt	Long	USA
ALLIED UNIVERSAL HOLDCO LLC 144A 7.875000% 02/15/2031	2.19 mm	2.15 mm principal	1.52	Debt	Long	USA
TKC HOLDINGS INC 144A 6.875000% 05/15/2028	2.19 mm	2.21 mm principal	1.51	Debt	Long	USA
SCIENTIFIC GAMES HOLDINGS LP/SCIENTIFIC GAMES US F 6.625000% 03/01/2030	2.17 mm	2.19 mm principal	1.51	Debt	Long	USA
CERDIA FINANZ GMBH 144A 10.500000% 02/15/2027	2.17 mm	2.06 mm principal	1.50	Debt	Long	Germany
TMS TMS International Corp	2.15 mm	2.26 mm principal	1.49	Debt	Long	USA
BRAND INDUSTRIAL SERVICES INC 144A 10.375000% 08/01/2030	2.11 mm	1.97 mm principal	1.46	Debt	Long	USA
ION TRADING TECHNOLOGIES SARL 144A 9.500000% 05/30/2029	2.09 mm	2.04 mm principal	1.44	Debt	Long	Luxembourg
Century Casino TL 3/23/2029	2.09 mm	2.21 mm principal	1.44	Loan	Long	USA
F-BRASILE SPA / F-BRASILE US LLC 144A 7.375000% 08/15/2026	2.05 mm	2.06 mm principal	1.42	Debt	Long	Italy
SHELF DRILLING HOLDINGS LTD 144A 9.625000% 04/15/2029	2.05 mm	2.22 mm principal	1.42	Debt	Long	United Arab Emirates
NGL ENERGY OPERATING LLC / NGL ENERGY FINANCE CORP 8.375000% 02/15/2032	2.05 mm	1.99 mm principal	1.42	Debt	Long	USA
VISTAJET MALTA FINANCE PLC / VISTA MANAGEMENT HOLD 6.375000% 02/01/2030	2.03 mm	2.36 mm principal	1.40	Debt	Long	Switzerland
BURFORD CAPITAL GLOBAL FINANCE LLC 144A 6.875000% 04/15/2030	1.99 mm	2.00 mm principal	1.38	Debt	Long	USA
MERC Mercer International Inc.	1.99 mm	1.90 mm principal	1.38	Debt	Long	Germany
NES FIRCROFT BONDCO AS 144A 11.750000% 09/29/2026	1.98 mm	1.88 mm principal	1.37	Debt	Long	UK
BRIGHTLINE EAST LLC 144A 11.000000% 01/31/2030	1.91 mm	2.25 mm principal	1.32	Debt	Long	USA
PARK-OHIO INDUSTRIES INC 6.625000% 04/15/2027	1.82 mm	1.85 mm principal	1.26	Debt	Long	USA
GFR Greenfire Resources Ltd.	1.81 mm	1.67 mm principal	1.25	Debt	Long	Canada
PARATUS ENERGY SERVICES LTD 9.500000% 06/27/2029	1.80 mm	1.80 mm principal	1.25	Debt	Long	UK
CONUMA RESOURCES LTD 144A 13.125000% 05/01/2028	1.69 mm	1.64 mm principal	1.17	Debt	Long	Canada
CERDIA FINANZ GMBH 144A 9.375000% 10/03/2031	1.68 mm	1.65 mm principal	1.17	Debt	Long	Germany
JACOBS ENTERTAINMENT INC 144A 6.750000% 02/15/2029	1.62 mm	1.67 mm principal	1.12	Debt	Long	USA
CALDERYS FINANCING II LLC 144A 11.750000% 06/01/2028	1.62 mm	1.59 mm principal	1.12	Debt	Long	USA
PARK RIVER HOLDINGS INC 144A 6.750000% 08/01/2029	1.61 mm	1.87 mm principal	1.12	Debt	Long	USA
RAILWORKS HOLDINGS LP / RAILWORKS RALLY INC 144A 8.250000% 11/15/2028	1.61 mm	1.55 mm principal	1.11	Debt	Long	USA
Waterbridge 6/24 TLB 6/21/2029	1.61 mm	1.67 mm principal	1.11	Loan	Long	USA
CONSOLIDATED ENERGY FINANCE SA 144A 5.625000% 10/15/2028	1.59 mm	1.88 mm principal	1.10	Debt	Long	Switzerland
UONE Urban One, Inc.	1.58 mm	2.18 mm principal	1.09	Debt	Long	USA
CONDUENT BUSINESS SERVICES LLC / CONDUENT STATE & 6.000000% 11/01/2029	1.54 mm	1.60 mm principal	1.06	Debt	Long	USA
VTOL Bristow Group Inc.	1.52 mm	1.54 mm principal	1.06	Debt	Long	USA
NABORS INDUSTRIES INC 144A 8.875000% 08/15/2031	1.52 mm	1.59 mm principal	1.05	Debt	Long	USA
ENDO FINANCE HOLDINGS INC 144A 8.500000% 04/15/2031	1.51 mm	1.41 mm principal	1.04	Debt	Long	USA
Goodnight Water TLB 06/04/2029	1.51 mm	1.51 mm principal	1.04	Loan	Long	USA
AIRSWIFT GLOBAL AS 144A 10.000000% 02/28/2029	1.44 mm	1.40 mm principal	1.00	Debt	Long	UK
NES FIRCROFT BONDCO AS 144A 8.000000% 09/30/2029	1.38 mm	1.38 mm principal	0.96	Debt	Long	UK
ALTG Alta Equipment Group Inc.	1.34 mm	1.49 mm principal	0.93	Debt	Long	USA
MATV Mativ Holdings, Inc.	1.31 mm	1.31 mm principal	0.91	Debt	Long	USA
SPIRIT AEROSYSTEMS INC 144A 9.750000% 11/15/2030	1.29 mm	1.16 mm principal	0.89	Debt	Long	USA
ALGOMA STEEL INC 144A 9.125000% 04/15/2029	1.26 mm	1.23 mm principal	0.88	Debt	Long	Canada
GEO The GEO Group, Inc.	1.25 mm	1.20 mm principal	0.86	Debt	Long	USA
CRUISE YACHT UPPER HOLDCO LTD 11.875000% 07/05/2028	1.23 mm	1.20 mm principal	0.85	Debt	Long	Malta
FORTRESS TRANSPORTATION AND INFRASTRUCTURE INVESTO 7.000000% 06/15/2032	1.18 mm	1.13 mm principal	0.82	Debt	Long	USA
EPIC Y-GRADE SERVICES, LP 6/29/2029	1.18 mm	1.18 mm principal	0.81	Loan	Long	USA
LABL INC 144A 8.625000% 10/01/2031	1.17 mm	1.18 mm principal	0.81	Debt	Long	USA
MCGRAW-HILL EDUCATION INC 144A 7.375000% 09/01/2031	1.17 mm	1.12 mm principal	0.81	Debt	Long	USA
SMYRNA READY MIX CONCRETE LLC 144A 8.875000% 11/15/2031	1.16 mm	1.08 mm principal	0.80	Debt	Long	USA
VATE INNOVATE Corp.	1.16 mm	1.45 mm principal	0.80	Debt	Long	USA
WAUPACA FOUNDRY 1/31/2030	1.14 mm	1.13 mm principal	0.79	Loan	Long	USA
ORGANON & CO / ORGANON FOREIGN DEBT CO-ISSUER BV 1 7.875000% 05/15/2034	1.14 mm	1.07 mm principal	0.79	Debt	Long	USA
FERRELLGAS LP / FERRELLGAS FINANCE CORP 144A 5.875000% 04/01/2029	1.12 mm	1.20 mm principal	0.78	Debt	Long	USA
TRIDENT TPI HOLDINGS INC 144A 12.750000% 12/31/2028	1.11 mm	1.00 mm principal	0.77	Debt	Long	USA
ACA Arcosa, Inc.	1.07 mm	1.02 mm principal	0.74	Debt	Long	USA
TRULITE HLDG CORP 2/22/2030	1.06 mm	1.10 mm principal	0.74	Loan	Long	USA
Venga Finance Sarl 6/29/2029	1.06 mm	1.06 mm principal	0.74	Loan	Long	USA
ARROW BIDCO LLC 144A 10.750000% 06/15/2025	1.04 mm	1.02 mm principal	0.72	Debt	Long	USA
ODFJELL RIG III LTD 9.250000% 05/31/2028	1.00 mm	957.51 k principal	0.69	Debt	Long	Norway
Xerox Corporation	993.72 k	1.07 mm principal	0.69	Debt	Long	USA
ONE STOP MAILING LLC 05/07/2027	952.64 k	954.93 k principal	0.66	Loan	Long	USA
STAR HOLDING LLC 144A 8.750000% 08/01/2031	942.16 k	988.00 k principal	0.65	Debt	Long	USA
WILSONART LLC 144A 11.000000% 08/15/2032	925.28 k	925.00 k principal	0.64	Debt	Long	USA
ION TRADING TECHNOLOGIES SARL 144A 5.750000% 05/15/2028	914.92 k	979.00 k principal	0.63	Debt	Long	Luxembourg
RLG Holdings INC 7/2/2029	893.29 k	996.00 k principal	0.62	Loan	Long	USA
TLP Transmontaigne Partners L.P.	881.55 k	897.00 k principal	0.61	Debt	Long	USA
BRACKET INTERMEDIATE HOLDING CORP. 5/8/2028	872.11 k	869.00 k principal	0.60	Loan	Long	USA
NEW ENTERPRISE STONE & LIME CO INC 144A 9.750000% 07/15/2028	864.19 k	846.00 k principal	0.60	Debt	Long	USA
OPTA INC TL 11/9/2028	856.40 k	878.36 k principal	0.59	Loan	Long	Canada
BEASLEY MEZZANINE HOLDINGS LLC 144A 8.625000% 02/01/2026	855.03 k	1.49 mm principal	0.59	Debt	Long	USA
HDI Aerospace 9/19/2031	842.56 k	850.00 k principal	0.58	Loan	Long	USA
CLYDESDALE ACQUISITION HOLDINGS INC 144A 6.625000% 04/15/2029	807.59 k	800.00 k principal	0.56	Debt	Long	USA
ACRISURE LLC / ACRISURE FINANCE INC 144A 8.250000% 02/01/2029	789.36 k	765.00 k principal	0.55	Debt	Long	USA
MICHAEL BAKER 5/24 TLB 12/01/2028 & SOFR 4.75%	750.93 k	748.13 k principal	0.52	Loan	Long	USA
MBC MasterBrand, Inc.	733.49 k	700.00 k principal	0.51	Debt	Long	USA
SBSAA Spanish Broadcasting System, Inc.	727.05 k	1.11 mm principal	0.50	Debt	Long	USA
CORONADO FINANCE PTY LTD 144A 9.250000% 10/01/2029	720.32 k	701.00 k principal	0.50	Debt	Long	Australia
FIESTA PURCHASER INC 144A 7.875000% 03/01/2031	708.66 k	668.00 k principal	0.49	Debt	Long	USA
WELLTEC INTERNATIONAL APS 144A 8.250000% 10/15/2026	707.78 k	691.00 k principal	0.49	Debt	Long	Denmark
CUSHMAN & WAKEFIELD US BORROWER LLC 144A 6.750000% 05/15/2028	706.35 k	700.00 k principal	0.49	Debt	Long	USA
JACOBS ENTERTAINMENT INC 144A 6.750000% 02/15/2029	692.17 k	711.00 k principal	0.48	Debt	Long	USA
JW ALUMINUM CONTINUOUS CAST CO 144A 10.250000% 06/01/2026	688.26 k	688.00 k principal	0.48	Debt	Long	USA
RESEARCH NOW TL (DYNATA) 10/15/2028 AND 3M SOFR	672.12 k	730.07 k principal	0.47	Loan	Long	USA
CLYDESDALE ACQUISITION HOLDINGS INC 144A 6.875000% 01/15/2030	647.46 k	634.00 k principal	0.45	Debt	Long	USA
CIMPRESS PLC 144A 7.375000% 09/15/2032	630.06 k	625.00 k principal	0.44	Debt	Long	Ireland
CALDERYS FINANCING LLC 144A 11.250000% 06/01/2028	615.98 k	573.00 k principal	0.43	Debt	Long	France
CCL Carnival Corporation & plc	607.92 k	600.00 k principal	0.42	Debt	Long	USA
LABL INC 144A 6.750000% 07/15/2026	602.50 k	603.00 k principal	0.42	Debt	Long	USA
OWENS-BROCKWAY GLASS CONTAINER INC 144A 7.375000% 06/01/2032	499.40 k	489.00 k principal	0.35	Debt	Long	USA
Emerald EMS 12/29/2027	490.75 k	613.44 k principal	0.34	Loan	Long	USA
ACRISURE LLC / ACRISURE FINANCE INC 144A 7.500000% 11/06/2030	470.30 k	457.00 k principal	0.33	Debt	Long	USA
OPTA INCREMENTAL DELAYED TL UNFUNDED 11/09/2028 AND SOFR 6.75%	428.03 k	439.00 k principal	0.30	Loan	Long	USA
SWF HOLDINGS I CORP 144A 6.500000% 10/01/2029	425.48 k	670.00 k principal	0.29	Debt	Long	USA
GFR Greenfire Resources Ltd.	421.04 k	56.52 k shares	0.29	Common equity	Long	USA
FCG ACQUISITIONS, INC. 3/30/2029	367.18 k	380.00 k principal	0.25	Loan	Long	USA
GOTO GROUP INC 144A 5.500000% 05/01/2028	366.78 k	476.69 k principal	0.25	Debt	Long	USA
ALLIANCE RESOURCE OPERATING PARTNERS LP / ALLIANCE 8.625000% 06/15/2029	365.55 k	344.00 k principal	0.25	Debt	Long	USA
MATV Mativ Holdings, Inc.	356.22 k	349.00 k principal	0.25	Debt	Long	USA
NA RAIL HOLD CO. LLC D 0/19/2026 4.25% D	355.07 k	353.31 k principal	0.25	Loan	Long	USA
FORMING MACHINES TLB 10/5/2026	302.04 k	549.16 k principal	0.21	Loan	Long	USA
OPTA INC DDTL 11/08/2028 AND SOFR 6.75	286.47 k	293.82 k principal	0.20	Loan	Long	USA
DIRECTV FINANCING, LLC 8/2/2029	255.65 k	260.28 k principal	0.18	Loan	Long	USA
VELOCITY VEHICLE GROUP LLC 144A 8.000000% 06/01/2029	235.31 k	226.00 k principal	0.16	Debt	Long	USA
RUNNER BUYER INC. 10/8/2028	230.84 k	472.18 k principal	0.16	Loan	Long	USA
GOTO GROUP INC 144A 5.500000% 05/01/2028	199.19 k	658.29 k principal	0.14	Debt	Long	USA
FORMING MACHINING/ ATLAS GROUP 10/18 10/9/2025	184.94 k	240.03 k principal	0.13	Loan	Long	USA
NEW INSIGHTS HOLDINGS RESTRICTED SHARES DUMMY ID EQUITY COMMON STOCK	173.19 k	10.04 k shares	0.12	Common equity	Long	USA
MAGENTA SECURITY HOLDINGS LLC 7/27/2028	149.96 k	512.67 k principal	0.10	Loan	Long	USA
NGL ENERGY OPERATING LLC / NGL ENERGY FINANCE CORP 8.125000% 02/15/2029	143.55 k	140.00 k principal	0.10	Debt	Long	USA
MAGENTA SECURITY HOLDINGS LLC 7/27/2028	110.11 k	116.52 k principal	0.08	Loan	Long	USA
REDSTONE HOLDCO 4/27/2028	104.41 k	137.38 k principal	0.07	Loan	Long	USA
MAGENTA SECURITY HOLDINGS LLC 7/27/2028	101.10 k	147.59 k principal	0.07	Loan	Long	USA
PSS INDUSTRIAL OFFERING CLASS A MEMBERSHIP INTEREST	89.15 k	1.35 k shares	0.06	Preferred equity	Long	USA
ALTERA RIGHTS RESTRICTED NON CUSTODY HOLDING	70.00 k	2.80 k shares	0.05	Common equity	Long	USA
PSS INDUSTRIAL OFFERING CLASS B MEMBERSHIP INTEREST	23.15 k	351.34 shares	0.02	Preferred equity	Long	USA
PVKG INVEST HOLDINGS RESTRICTED SHARES UNLISTED COMMON STOCK	4.67 k	445.00 shares	0.00	Common equity	Long	USA
24 HOUR FITNESS OFFERING DUMMY ID PREFERRED SHARES	1.13 k	22.59 k shares	0.00	Preferred equity	Long	USA
24 HOUR FITNESS RESTRICTED SHARES DUMMY ID EQUITY COMMON STOCK	904.61	90.46 k shares	0.00	Common equity	Long	USA