# EDGAR Filing Document

**Accession Number:** 0001982467
**File Stem:** 0001193125-26-070923
**Filing Date:** 2026-2
**Character Count:** 492526
**Document Hash:** 3ee5b16158fe3454a68ef9e19c56e91e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-070923.hdr.sgml**: 20260225

**ACCESSION NUMBER**: 0001193125-26-070923

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260225

**DATE AS OF CHANGE**: 20260225

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Jackson Credit Opportunities Fund
- **CENTRAL INDEX KEY:** 0001982467

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23889
- **FILM NUMBER:** 26677484

**BUSINESS ADDRESS:**
- **STREET 1:** 1 CORPORATE WAY
- **CITY:** LANSING
- **STATE:** MI
- **ZIP:** 48951
- **BUSINESS PHONE:** 517-381-5500

**MAIL ADDRESS:**
- **STREET 1:** 1 CORPORATE WAY
- **CITY:** LANSING
- **STATE:** MI
- **ZIP:** 48951

## Nport-Ex

#### Jackson Credit Opportunities Fund (Unaudited)

#### Schedule of Investments (in thousands)
December 31, 2025

---

| | | |
|:---|:---|:---|
| | **Shares/Par<sup>1</sup>** | **Value ($)** |
| **Jackson Credit Opportunities Fund** | **Jackson Credit Opportunities Fund** | **Jackson Credit Opportunities Fund** |
| **SENIOR FLOATING RATE INSTRUMENTS 33.6%** | **SENIOR FLOATING RATE INSTRUMENTS 33.6%** | **SENIOR FLOATING RATE INSTRUMENTS 33.6%** |
| **Industrials 11.4%** | **Industrials 11.4%** | **Industrials 11.4%** |
| Amentum Government Services Holdings LLC |  |  |
| 2024 Term Loan B, 5.92%, (1 Month Term SOFR + 2.00%), 07/31/31 (a) | 893 | 895 |
| Amspec Parent LLC |  |  |
| 2025 Delayed Draw Term Loan, 7.40%, (3 Month Term SOFR + 3.50%), 12/22/31 (a) | 120 | 120 |
| 2025 Delayed Draw Term Loan, 7.50%, (3 Month Term SOFR + 3.50%), 12/22/31 (a) | 80 | 80 |
| 2025 Term Loan, 7.50%, (3 Month Term SOFR + 3.50%), 12/22/31 (a) | 1293 | 1293 |
| Archkey Solutions LLC |  |  |
| 2024 Term Loan B, 8.25%, (3 Month Term SOFR + 4.25%), 10/10/31 (a) | 890 | 898 |
| Arcline FM Holdings, LLC |  |  |
| Term Loan, 0.00%, (SOFR + 2.75%), 12/31/49 (a) (b) | 2000 | 2005 |
| Artera Services, LLC |  |  |
| 2024 Term Loan, 8.50%, (3 Month Term SOFR + 4.50%), 02/07/31 (a) | 2460 | 1979 |
| Ascensus Group Holdings Inc. |  |  |
| 2024 Term Loan B, 6.95%, (1 Month Term SOFR + 3.00%), 08/02/28 (a) | 1000 | 998 |
| 2025 2nd Lien Term Loan B, 9.20%, (1 Month Term SOFR + 5.25%), 11/20/33 (a) (c) | 1000 | 1000 |
| Brock Holdings III, Inc. |  |  |
| 2024 Term Loan B, 9.75%, (3 Month Term SOFR + 5.75%), 05/01/30 (a) | 1485 | 1488 |
| Cast and Crew Payroll, LLC |  |  |
| 2021 Incremental Term Loan, 7.67%, (1 Month Term SOFR + 3.75%), 12/30/28 (a) | 1864 | 1090 |
| Constant Contact Inc |  |  |
| Term Loan, 0.00%, (SOFR + 4.00%), 02/10/28 (a) (b) | 1000 | 951 |
| Cornerstone Building Brands, Inc. |  |  |
| 2024 Term Loan B, 8.25%, (1 Month Term SOFR + 4.50%), 05/05/31 (a) | 1648 | 1159 |
| Cornerstone Generation LLC |  |  |
| Term Loan B, 7.09%, (3 Month Term SOFR + 3.25%), 10/15/31 (a) | 2000 | 2016 |
| CP Iris HoldCo I, Inc. |  |  |
| 2025 Term Loan, 7.92%, (1 Month Term SOFR + 4.00%), 10/20/32 (a) | 1780 | 1766 |
| CPI Holdco B LLC |  |  |
| 2024 Term Loan, 5.92%, (1 Month Term SOFR + 2.00%), 05/10/31 (a) | 1995 | 1999 |
| Crash Champions, LLC |  |  |
| 2024 Term Loan B, 8.57%, (3 Month Term SOFR + 4.75%), 02/23/29 (a) | 1980 | 1873 |
| Daintree Bidco Pty Ltd. |  |  |
| Term Loan, 0.00%, (SOFR + 4.50%), 12/31/49 (a) (b) (c) | 1000 | 993 |
| Darktrace PLC |  |  |
| 2nd Lien Term Loan, 9.19%, (3 Month Term SOFR + 5.25%), 07/02/32 (a) | 1000 | 989 |
| DS Parent Inc |  |  |
| Term Loan B, 9.50%, (3 Month Term SOFR + 5.50%), 12/13/30 (a) | 1970 | 1799 |
| Dynasty Acquisition Co., Inc. |  |  |
| 2024 1st Lien Term Loan B1, 5.92%, (1 Month Term SOFR + 2.00%), 10/24/31 (a) | 1326 | 1331 |
| 2024 1st Lien Term Loan B2, 5.92%, (1 Month Term SOFR + 2.00%), 10/24/31 (a) | 504 | 506 |
| Edelman Financial Center, LLC |  |  |
| 2024 2nd Lien Term Loan, 9.17%, (1 Month Term SOFR + 5.25%), 10/23/28 (a) | 1000 | 997 |
| EMG Utica, LLC |  |  |
| 2025 Term Loan B, 8.00%, (3 Month Term SOFR + 4.00%), 10/24/29 (a) | 1985 | 2005 |
| EMRLD Borrower LP |  |  |
| 2024 Term Loan B, 0.00%, (6 Month Term SOFR + 2.25%), 06/18/31 (a) (b) | 2216 | 2219 |
| Engineered Machinery Holdings, Inc. |  |  |
| 2021 USD 2nd Lien Term Loan, 10.26%, (3 Month Term SOFR + 6.00%), 05/21/29 (a) | 417 | 418 |
| FR BR Holdings, L.L.C. |  |  |
| 2025 Term Loan B, 8.19%, (3 Month Term SOFR + 4.25%), 10/09/30 (a) (c) | 1995 | 2000 |
| Garda World Security Corporation |  |  |
| 2025 Term Loan B, 6.75%, (1 Month Term SOFR + 3.00%), 02/01/29 (a) | 985 | 987 |
| Gategroup Fin Luxembourg S.A. |  |  |
| USD Term Loan B, 7.20%, (1 Month Term SOFR + 3.50%), 06/16/32 (a) | 1990 | 2000 |
| Genuine Financial Holdings, LLC |  |  |
| 2025 Term Loan B, 7.17%, (1 Month Term SOFR + 3.25%), 09/27/30 (a) | 1975 | 1657 |
| Icebox Holdco III, Inc. |  |  |
| 2021 2nd Lien Term Loan, 10.50%, (3 Month Term SOFR + 6.50%), 12/21/29 (a) | 1000 | 1014 |
| LBM Acquisition LLC |  |  |
| 2025 Incremental Term Loan, 8.73%, (1 Month Term SOFR + 5.00%), 06/06/31 (a) | 1600 | 1597 |
| LSF12 Badger Bidco LLC |  |  |
| Term Loan B, 9.42%, (1 Month Term SOFR + 5.50%), 07/25/30 (a) | 1876 | 1880 |
| Max US Bidco Inc |  |  |
| Term Loan B, 9.00%, (3 Month Term SOFR + 5.00%), 10/02/30 (a) | 1985 | 1517 |
| Neptune BidCo US Inc. |  |  |
| 2022 USD Term Loan B, 9.03%, (3 Month Term SOFR + 5.00%), 04/11/29 (a) | 1990 | 1965 |
| Nourish Buyer I Inc |  |  |
| 2025 Term Loan B, 8.25%, (1 Month Term SOFR + 4.50%), 07/08/32 (a) | 2000 | 2009 |
| Orion US Finco Inc. |  |  |
| 2nd Lien Term Loan, 9.43%, (3 Month Term SOFR + 5.50%), 07/29/33 (a) | 2000 | 2010 |
| Radar Bidco S.a r.l. |  |  |
| 2025 USD Term Loan B, 7.19%, (3 Month Term SOFR + 3.25%), 04/04/31 (a) | 1667 | 1676 |
| Star Holding LLC |  |  |
| 2024 1st Lien Term Loan B, 8.42%, (1 Month Term SOFR + 4.50%), 07/18/31 (a) | 1975 | 1939 |
| Star Parent Inc. |  |  |
| Term Loan B, 8.00%, (3 Month Term SOFR + 4.00%), 09/19/30 (a) | 1553 | 1554 |
| Synechron Inc |  |  |
| Term Loan B, 7.57%, (3 Month Term SOFR + 3.75%), 09/25/31 (a) (c) | 1990 | 1975 |
| TMC Buyer, Inc |  |  |
| 2024 Term Loan B, 8.57%, (3 Month Term SOFR + 4.75%), 10/27/30 (a) | 1820 | 1824 |
| Trulite Holding Corp. |  |  |
| Term Loan, 9.98%, (3 Month Term SOFR + 6.00%), 02/15/31 (a) (c) | 1912 | 1836 |
| Veritiv Corporation |  |  |
| Term Loan B, 8.00%, (3 Month Term SOFR + 4.00%), 11/30/30 (a) | 1975 | 1973 |
| Worldwide Express Operations, LLC |  |  |
| 2024 Term Loan B, 8.00%, (3 Month Term SOFR + 4.00%), 07/26/28 (a) | 1974 | 1982 |
|  |  | 66262 |
| **Information Technology 5.9%** | **Information Technology 5.9%** | **Information Technology 5.9%** |
| Applied Systems, Inc. |  |  |
| 2024 2nd Lien Term Loan, 8.50%, (3 Month Term SOFR + 4.50%), 02/07/32 (a) | 2500 | 2537 |
| Bending Spoons US Inc |  |  |
| USD Term Loan B, 9.03%, (1 Month Term SOFR + 5.25%), 02/19/31 (a) | 1925 | 1864 |
| Bingo Holdings I LLC |  |  |
| Term Loan B, 0.00%, (3 Month Term SOFR + 4.75%), 06/11/32 (a) (b) | 1000 | 980 |
| Term Loan B, 8.75%, (3 Month Term SOFR + 4.75%), 06/11/32 (a) | 997 | 977 |
| Cloudera, Inc. |  |  |
| 2021 Second Lien Term Loan, 10.02%, (1 Month Term SOFR + 6.00%), 10/01/29 (a) | 2000 | 1734 |
| Confluence Technologies, Inc |  |  |
| 2025 Term Loan, 8.85%, (3 Month Term SOFR + 5.00%), 07/30/28 (a) | 611 | 606 |

---

------

#### Jackson Credit Opportunities Fund (Unaudited)

#### Schedule of Investments (in thousands)
December 31, 2025

---

| | | |
|:---|:---|:---|
| | **Shares/Par<sup>1</sup>** | **Value ($)** |
| Dawn Bidco LLC |  |  |
| Term Loan, 0.00%, (SOFR + 3.00%), 10/07/32 (a) (b) | 1000 | 996 |
| Ellucian Holdings, Inc. |  |  |
| 2024 2nd Lien Term Loan, 8.67%, (1 Month Term SOFR + 4.75%), 11/14/32 (a) | 2000 | 2013 |
| EP Purchaser, LLC |  |  |
| 2023 Term Loan B, 8.44%, (3 Month Term SOFR + 4.50%), 11/06/28 (a) | 1303 | 927 |
| Gainwell Acquisition Corp. |  |  |
| Term Loan B, 8.10%, (3 Month Term SOFR + 4.00%), 08/17/27 (a) | 2487 | 2439 |
| Galaxy US Opco Inc. |  |  |
| Term Loan, 5.84%, (3 Month Term SOFR + 2.00%), 04/19/29 (a) | 2034 | 1949 |
| Instructure Holdings, Inc. |  |  |
| 2024 2nd Lien Term Loan, 8.84%, (SOFR + 5.00%), 09/10/32 (a) | 1500 | 1500 |
| ITG Communications, LLC |  |  |
| Term Loan B, 8.95%, (SOFR + 4.75%), 07/01/31 (a) | 2000 | 1930 |
| Javelin Buyer, Inc. |  |  |
| 2024 2nd Lien Term Loan, 8.82%, (3 Month Term SOFR + 5.00%), 10/08/32 (a) | 2000 | 1984 |
| Kaseya Inc. |  |  |
| 2025 2nd Lien Term Loan B, 8.92%, (1 Month Term SOFR + 5.00%), 03/07/33 (a) | 1500 | 1465 |
| Newfold Digital Holdings Group Inc. |  |  |
| 2025 Super Priority New Money Term Loan A, 9.49%, (3 Month Term SOFR + 5.75%), 04/30/29 (a) | 805 | 751 |
| Peraton Corp. |  |  |
| 2nd Lien Term Loan B1, 11.67%, (3 Month Term SOFR + 7.75%), 02/01/29 (a) | 790 | 619 |
| Project Alpha Intermediate Holding, Inc. |  |  |
| 2025 2nd Lien Incremental Term Loan, 9.00%, (3 Month Term SOFR + 5.00%), 11/22/32 (a) | 2000 | 1914 |
| Rackspace Finance, LLC |  |  |
| 2024 First Lien First Out Term Loan, 10.11%, (1 Month Term SOFR + 6.25%), 05/15/28 (a) | 1408 | 1429 |
| RealPage, Inc. |  |  |
| 2024 Incremental Term Loan, 7.75%, (3 Month Term SOFR + 3.75%), 04/24/28 (a) | 1489 | 1492 |
| Vision Solutions, Inc. |  |  |
| 2021 Incremental Term Loan, 8.10%, (3 Month Term SOFR + 4.00%), 04/24/28 (a) | 496 | 459 |
| 2021 2nd Lien Term Loan, 11.35%, (3 Month Term SOFR + 7.25%), 04/23/29 (a) | 1800 | 1683 |
| WatchGuard Technologies Inc. |  |  |
| Term Loan, 9.17%, (1 Month Term SOFR + 5.25%), 07/02/29 (a) | 1980 | 1973 |
| | | 34221 |
| **Health Care 4.2%** | **Health Care 4.2%** | **Health Care 4.2%** |
| Auris Luxembourg III S.a r.l. |  |  |
| 2025 USD Term Loan B, 7.20%, (6 Month Term SOFR + 3.50%), 02/28/29 (a) | 1970 | 1981 |
| 2025 USD Term Loan B, 7.25%, (6 Month Term SOFR + 3.50%), 02/28/29 (a) | 5 | 5 |
| Bausch & Lomb Corporation |  |  |
| 2023 Incremental Term Loan, 7.92%, (1 Month Term SOFR + 4.00%), 09/14/28 (a) | 1955 | 1955 |
| 2025 Term Loan B, 8.17%, (1 Month Term SOFR + 4.25%), 12/17/30 (a) | 1990 | 2008 |
| Bausch Health Companies Inc. |  |  |
| 2025 Term Loan B, 10.17%, (1 Month Term SOFR + 6.25%), 09/25/30 (a) | 1990 | 1940 |
| Heartland Dental, LLC |  |  |
| 2025 Term Loan, 7.67%, (1 Month Term SOFR + 3.75%), 07/31/32 (a) | 1985 | 1992 |
| Help At Home, Inc. |  |  |
| 2024 Term Loan B, 8.92%, (1 Month Term SOFR + 5.00%), 09/20/31 (a) | 1959 | 1712 |
| LifePoint Health, Inc. |  |  |
| 2024 Incremental Term Loan B1, 7.33%, (1 Month Term SOFR + 3.50%), 05/17/31 (a) | 2487 | 2489 |
| National Mentor Holdings, Inc. |  |  |
| 2021 2nd Lien Term Loan, 11.35%, (3 Month Term SOFR + 7.25%), 03/02/29 (a) | 2000 | 1872 |
| Raven Acquisition Holdings LLC |  |  |
| Term Loan B, 6.92%, (1 Month Term SOFR + 3.00%), 10/25/31 (a) | 1857 | 1863 |
| Summit Behavioral Healthcare LLC |  |  |
| 2025 FLSO Term Loan, 8.51%, (3 Month Term SOFR + 4.25%), 12/31/29 (a) | 1965 | 1695 |
| 2025 FLFO Term Loan, 10.01%, (3 Month Term SOFR + 5.75%), 12/31/29 (a) | 334 | 342 |
| Team Health Holdings, Inc. |  |  |
| 2025 Term Loan B, 8.34%, (3 Month Term SOFR + 4.50%), 06/30/28 (a) | 1990 | 1995 |
| Team Services Group |  |  |
| 2024 Term Loan B, 9.09%, (3 Month Term SOFR + 5.25%), 12/20/27 (a) | 989 | 985 |
| Term Loan, 9.10%, (3 Month Term SOFR + 5.00%), 12/20/27 (a) | 493 | 490 |
| Second Lien Term Loan, 13.10%, (3 Month Term SOFR + 9.00%), 12/18/28 (a) (c) | 1000 | 995 |
|  |  | 24319 |
| **Materials 2.9%** | **Materials 2.9%** | **Materials 2.9%** |
| Glatfelter Corp |  |  |
| Term Loan B, 8.07%, (3 Month Term SOFR + 4.25%), 10/10/31 (a) | 2260 | 2241 |
| IRIS Holdings Inc. |  |  |
| Term Loan, 8.69%, (3 Month Term SOFR + 4.75%), 06/15/28 (a) | 1976 | 1913 |
| Natgasoline LLC |  |  |
| 2025 Term Loan B, 9.50%, (3 Month Term SOFR + 5.50%), 03/25/30 (a) | 1472 | 1479 |
| Olympus Water US Holding Corporation |  |  |
| 2025 USD Term Loan B, 7.10%, (3 Month Term SOFR + 3.25%), 07/26/32 (a) | 2000 | 1986 |
| SCIL IV LLC |  |  |
| USD Term Loan B, 7.79%, (6 Month Term SOFR + 4.00%), 10/09/32 (a) | 1000 | 1001 |
| Spa Holdings 3 Oy |  |  |
| 2025 USD Term Loan B, 8.51%, (3 Month Term SOFR + 4.25%), 05/22/30 (a) | 2488 | 2500 |
| SupplyOne, Inc. |  |  |
| 2024 Term Loan B, 7.42%, (1 Month Term SOFR + 3.50%), 03/27/31 (a) | 1965 | 1968 |
| Trident TPI Holdings, Inc. |  |  |
| 2024 Term Loan B7, 7.75%, (3 Month Term SOFR + 3.75%), 09/15/28 (a) | 1965 | 1884 |
| Vector WP Holdco,Inc |  |  |
| Term Loan B, 9.03%, (1 Month Term SOFR + 5.00%), 10/12/28 (a) | 1979 | 1863 |
|  |  | 16835 |
| **Communication Services 2.9%** | **Communication Services 2.9%** | **Communication Services 2.9%** |
| 888 Acquisitions Limited |  |  |
| USD Term Loan B, 9.05%, (6 Month Term SOFR + 5.25%), 07/01/28 (a) | 1957 | 1667 |
| Altice France S.A. |  |  |
| 2025 USD Term Loan B12, 9.05%, (3 Month Term SOFR + 5.06%), 10/30/28 (a) | 1000 | 986 |
| 2025 USD Term Loan B14, 10.86%, (3 Month Term SOFR + 6.88%), 05/31/31 (a) | 1000 | 999 |
| CommScope, Inc. |  |  |
| 2024 Term Loan, 8.67%, (1 Month Term SOFR + 4.75%), 12/15/29 (a) | 1869 | 1870 |
| CSC Holdings, LLC |  |  |
| 2019 Term Loan B5, 8.25%, (Prime + 1.50%), 04/15/27 (a) | 499 | 435 |
| Great Outdoors Group, LLC |  |  |
| 2025 Term Loan B, 7.17%, (1 Month Term SOFR + 3.25%), 01/20/32 (a) | 1980 | 1990 |
| Level 3 Financing Inc. |  |  |
| 2025 Repriced Term Loan B4, 7.17%, (1 Month Term SOFR + 3.25%), 03/29/32 (a) | 1500 | 1503 |
| Lumen Technologies, Inc. |  |  |
| 2024 Term Loan A, 9.92%, (1 Month Term SOFR + 6.00%), 06/01/28 (a) | 1440 | 1445 |
| Radiate Holdco, LLC |  |  |
| 2025 Delayed Draw Term Loan, 7.87%, (1 Month Term SOFR + 4.00%), 06/26/29 (a) | 335 | 333 |
| 2025 Term Loan, 7.92%, (1 Month Term SOFR + 4.00%), 06/26/29 (a) | 335 | 332 |

---

------

#### Jackson Credit Opportunities Fund (Unaudited)

#### Schedule of Investments (in thousands)
December 31, 2025

---

| | | |
|:---|:---|:---|
| | **Shares/Par<sup>1</sup>** | **Value ($)** |
| Showtime Acquisition, L.L.C |  |  |
| 2024 1st Lien Term Loan, 8.63%, (3 Month Term SOFR + 4.75%), 08/13/31 (a) | 1982 | 1953 |
| Windstream Services, LLC |  |  |
| 2024 Term Loan B, 8.77%, (1 Month Term SOFR + 4.75%), 09/26/31 (a) | 2000 | 2005 |
| Zayo Group Holdings, Inc. |  |  |
| 2025 USD Term Loan, 7.53%, (1 Month Term SOFR + 3.50%), 03/11/30 (a) | 1292 | 1223 |
| | | 16741 |
| **Consumer Discretionary 2.4%** | **Consumer Discretionary 2.4%** | **Consumer Discretionary 2.4%** |
| Catawba Nation Gaming Authority |  |  |
| Term Loan B, 8.67%, (1 Month Term SOFR + 4.75%), 12/13/31 (a) | 2000 | 2045 |
| Champ Acquisition Corporation |  |  |
| 2024 Term Loan B, 8.17%, (6 Month Term SOFR + 4.00%), 11/08/31 (a) | 1623 | 1629 |
| Jack Ohio Finance LLC |  |  |
| 2025 Term Loan B, 7.92%, (1 Month Term SOFR + 4.00%), 01/28/32 (a) | 1985 | 1974 |
| Michaels Companies, Inc. |  |  |
| 2021 Term Loan B, 8.51%, (3 Month Term SOFR + 4.25%), 04/08/28 (a) | 995 | 960 |
| Peer Holding III B.V. |  |  |
| 2025 USD Term Loan B, 6.19%, (3 Month Term SOFR + 2.25%), 09/29/32 (a) | 1000 | 1001 |
| Peninsula Pacific Entertainment, LLC |  |  |
| 2025 Term Loan B, 8.74%, (3 Month Term SOFR + 4.75%), 08/14/32 (a) (c) | 1620 | 1624 |
| PetSmart, Inc. |  |  |
| 2025 USD Term Loan B, 0.00%, (1 Month Term SOFR + 4.00%), 08/09/32 (a) (b) | 2000 | 1989 |
| S&S Holdings LLC |  |  |
| Term Loan, 8.83%, (1 Month Term SOFR + 5.00%), 03/11/28 (a) | 1954 | 1952 |
| Tailored Brands Inc |  |  |
| Term Loan, 9.60%, (3 Month Term SOFR + 5.75%), 02/16/29 (a) | 1063 | 1063 |
|  |  | 14237 |
| **Financials 1.3%** | **Financials 1.3%** | **Financials 1.3%** |
| Albion Financing 3 S.a r.l. |  |  |
| 2025 USD Term Loan, 6.87%, (3 Month Term SOFR + 3.00%), 05/21/31 (a) | 1970 | 1980 |
| Aretec Group, Inc. |  |  |
| 2024 1st Lien Term Loan B, 6.92%, (1 Month Term SOFR + 3.00%), 08/09/30 (a) | 983 | 986 |
| NEXUS Buyer LLC |  |  |
| 2025 2nd Lien Term Loan B, 9.67%, (1 Month Term SOFR + 5.75%), 01/30/32 (a) | 2000 | 1976 |
| Viant Medical Holdings, Inc. |  |  |
| 2024 Term Loan B, 7.92%, (1 Month Term SOFR + 4.00%), 10/15/31 (a) | 2487 | 2459 |
|  |  | 7401 |
| **Consumer Staples 1.0%** | **Consumer Staples 1.0%** | **Consumer Staples 1.0%** |
| Allied Universal Holdco LLC |  |  |
| 2025 USD Term Loan B, 7.17%, (1 Month Term SOFR + 3.25%), 08/06/32 (a) | 1995 | 2004 |
| Northeast Grocery, Inc. |  |  |
| Term Loan B, 11.38%, (3 Month Term SOFR + 7.50%), 12/05/28 (a) | 1775 | 1779 |
| PFI Lower Midco LLC |  |  |
| Term Loan B, 7.83%, (1 Month Term SOFR + 4.00%), 11/15/32 (a) | 2000 | 2012 |
|  |  | 5795 |
| **Energy 0.7%** | **Energy 0.7%** | **Energy 0.7%** |
| NGL Energy Partners LP |  |  |
| 2024 Term Loan B, 7.42%, (1 Month Term SOFR + 3.50%), 01/25/31 (a) | 1965 | 1981 |
| Prairie ECI Acquiror LP |  |  |
| 2025 Repriced Term Loan B, 7.67%, (1 Month Term SOFR + 3.75%), 08/01/29 (a) | 1965 | 1975 |
|  |  | 3956 |
| **Real Estate 0.5%** | **Real Estate 0.5%** | **Real Estate 0.5%** |
| Brand Industrial Services Inc |  |  |
| 2024 Term Loan B, 8.35%, (3 Month Term SOFR + 4.50%), 08/01/30 (a) | 1112 | 1011 |
| EE TLB Borrower LLC |  |  |
| Term Loan B, 7.86%, (3 Month Term SOFR + 4.00%), 10/15/32 (a) | 2000 | 2009 |
|  |  | 3020 |
| **Utilities 0.4%** | **Utilities 0.4%** | **Utilities 0.4%** |
| Eastern Power, LLC |  |  |
| Term Loan B, 9.17%, (1 Month Term SOFR + 5.25%), 04/03/28 (a) | 1885 | 1894 |
| New Fortress Energy Inc. |  |  |
| 2025 Incremental Term Loan B, 9.24%, (3 Month Term SOFR + 5.50%), 10/30/28 (a) | 1975 | 806 |
|  |  | 2700 |
| Total Senior Floating Rate Instruments (cost $199,939) | Total Senior Floating Rate Instruments (cost $199,939) | 195487 |
| **CORPORATE BONDS AND NOTES 28.1%** | **CORPORATE BONDS AND NOTES 28.1%** | **CORPORATE BONDS AND NOTES 28.1%** |
| **Financials 3.9%** | **Financials 3.9%** | **Financials 3.9%** |
| ABN AMRO Bank N.V. |  |  |
| 6.38%, (100, 09/22/34), EUR (d) (e) | 400 | 501 |
| 6.88%, (100, 09/22/31), EUR (d) (e) | 400 | 513 |
| Acrisure, LLC |  |  |
| 8.50%, 06/15/29 (f) | 420 | 438 |
| 7.50%, 11/06/30 (f) | 420 | 437 |
| 6.75%, 07/01/32 (f) | 30 | 31 |
| Akbank Turk Anonim Sirketi |  |  |
| 6.80%, 06/22/31 (e) (g) | 300 | 302 |
| Alliant Holdings Intermediate, LLC |  |  |
| 6.75%, 04/15/28 (f) | 325 | 331 |
| 7.00%, 01/15/31 (f) | 70 | 72 |
| Axis Bank Limited |  |  |
| 4.10%, (100, 09/08/26) (d) (e) (g) | 300 | 296 |
| Banco Bilbao Vizcaya Argentaria, S.A. |  |  |
| 6.88%, (100, 12/13/30), EUR (d) (e) | 400 | 508 |
| 7.75%, (100, 01/14/32) (d) (g) | 515 | 552 |
| Banco Davivienda S A |  |  |
| 6.65%, (100, 04/22/31) (d) (e) | 300 | 282 |
| Banco Mercantil Del Norte S.A. |  |  |
| 6.63%, (100, 01/24/32) (d) (e) | 215 | 211 |
| Banco Santander, S.A. |  |  |
| 3.63%, (100, 03/21/29), EUR (d) (e) (g) | 600 | 673 |
| Banque Ouest Africaine De Developpement |  |  |
| 4.70%, 10/22/31 (e) | 240 | 221 |
| 8.20%, 02/13/55 (e) | 810 | 818 |
| BBVA Mexico, S.A., Institucion de Banca Multiple, Grupo Financiero BBVA Mexico |  |  |
| 7.63%, 02/11/35 (f) | 359 | 378 |
| BCI Miami |  |  |
| 8.75%, (100, 02/08/29) (d) (f) | 305 | 328 |
| Benteler International Aktiengesellschaft |  |  |
| 7.25%, 06/15/31, EUR (e) | 200 | 252 |
| Blackstone Mortgage Trust, Inc. |  |  |
| 7.75%, 12/01/29 (f) | 455 | 485 |
| Block, Inc. |  |  |
| 5.63%, 08/15/30 (f) | 15 | 15 |
| 6.50%, 05/15/32 | 430 | 447 |
| 6.00%, 08/15/33 (f) | 20 | 21 |
| Boots Group Finco LP |  |  |
| 5.38%, 08/31/32, EUR (e) | 200 | 242 |
| BroadStreet Partners, Inc. |  |  |
| 5.88%, 04/15/29 (f) | 650 | 648 |
| CaixaBank, S.A. |  |  |
| 7.50%, (100, 01/16/30), EUR (d) (e) | 200 | 260 |
| COMMERZBANK Aktiengesellschaft |  |  |
| 7.88%, (100, 07/02/29), EUR (d) (e) | 400 | 529 |
| Coventry Building Society |  |  |
| 8.75%, (100, 06/11/29), GBP (d) (e) | 300 | 433 |
| Deutsche Bank Aktiengesellschaft |  |  |
| 8.13%, (100, 10/30/29), EUR (d) (e) | 200 | 255 |
| Erste Group Bank AG |  |  |
| 7.00%, (100, 04/15/31), EUR (d) (e) | 400 | 507 |
| Global Aviation Leasing Co., Ltd. |  |  |
| 8.75%, 09/01/27 (f) | 445 | 460 |
| Hanwha Life Insurance Co., Ltd. |  |  |
| 6.30%, 06/24/55 (f) | 300 | 312 |
| HUB International Limited |  |  |
| 7.25%, 06/15/30 (f) | 570 | 597 |

---

------

#### Jackson Credit Opportunities Fund (Unaudited)

#### Schedule of Investments (in thousands)
December 31, 2025

---

| | | |
|:---|:---|:---|
| | **Shares/Par<sup>1</sup>** | **Value ($)** |
| ING Groep N.V. |  |  |
| 4.25%, (100, 05/16/31) (d) (g) | 615 | 550 |
| Intesa Sanpaolo SPA |  |  |
| 7.00%, (100, 05/20/32), EUR (d) (e) | 400 | 508 |
| Jane Street Group, LLC |  |  |
| 6.75%, 05/01/33 (f) | 210 | 219 |
| Jerrold Finco PLC |  |  |
| 7.50%, 06/15/31, GBP (e) | 200 | 275 |
| Landesbank Baden-Wurttemberg |  |  |
| 6.75%, (100, 10/15/30), EUR (d) (e) | 200 | 245 |
| Nationwide Building Society |  |  |
| 7.50%, (100, 12/20/30), GBP (d) (e) | 300 | 420 |
| Navient Corporation |  |  |
| 7.88%, 06/15/32 | 470 | 491 |
| OneMain Finance Corporation |  |  |
| 6.63%, 05/15/29 | 715 | 740 |
| 6.75%, 03/15/32 | 275 | 282 |
| 7.13%, 09/15/32 | 205 | 213 |
| Opal Bidco SAS |  |  |
| 6.50%, 03/31/32 (f) | 205 | 209 |
| PennyMac Financial Services, Inc. |  |  |
| 6.88%, 05/15/32 - 02/15/33 (f) | 995 | 1039 |
| 6.75%, 02/15/34 (f) | 65 | 67 |
| Progroup AG |  |  |
| 5.38%, 04/15/31, EUR (e) | 195 | 233 |
| Rocket Companies, Inc. |  |  |
| 6.13%, 08/01/30 (f) | 380 | 392 |
| 6.38%, 08/01/33 (f) | 290 | 302 |
| Shift4 Payments, LLC |  |  |
| 6.75%, 08/15/32 (f) | 255 | 263 |
| 5.50%, 05/15/33, EUR (e) | 200 | 240 |
| Starwood Property Trust, Inc. |  |  |
| 6.50%, 07/01/30 (f) | 690 | 720 |
| The PNC Financial Services Group, Inc. |  |  |
| 3.40%, (100, 09/15/26) (d) | 805 | 788 |
| Turkiye Is Bankasi Anonim Sirketi |  |  |
| 7.75%, 06/12/29 (e) | 250 | 264 |
| UBS Group AG |  |  |
| 7.00%, (100, 02/10/30) (d) (f) (g) | 770 | 787 |
| 9.25%, (100, 11/13/33) (d) (f) (g) | 440 | 516 |
| Unicredit, Societa' Per Azioni In Forma Abbreviata Unicredit S.p.A. |  |  |
| 3.88%, (100, 06/03/27), EUR (d) (e) (g) | 200 | 233 |
| 6.50%, (100, 12/03/31), EUR (d) (e) | 300 | 376 |
| USI, Inc. |  |  |
| 7.50%, 01/15/32 (f) | 95 | 100 |
| | | 22827 |
| **Consumer Discretionary 3.9%** | **Consumer Discretionary 3.9%** | **Consumer Discretionary 3.9%** |
| Accor |  |  |
| 7.25%, (100, 01/11/29), EUR (d) (e) | 200 | 258 |
| Acushnet Company |  |  |
| 5.63%, 12/01/33 (f) | 590 | 596 |
| Allwyn Entertainment Financing (UK) PLC |  |  |
| 7.25%, 04/30/30, EUR (e) | 202 | 249 |
| Aramark International Finance S.a r.l. |  |  |
| 4.38%, 04/15/33, EUR (e) | 150 | 176 |
| Avianca MidCo 2 PLC |  |  |
| 9.63%, 02/14/30 (f) | 454 | 454 |
| Azelis Finance |  |  |
| 4.75%, 09/25/29, EUR (e) | 100 | 120 |
| B&M European Value Retail S.A. |  |  |
| 6.50%, 11/27/31, GBP (e) | 267 | 354 |
| Beach Acquisition Bidco, LLC |  |  |
| 5.25%, 07/15/32, EUR (e) | 250 | 299 |
| Beazer Homes USA, Inc. |  |  |
| 7.25%, 10/15/29 | 200 | 203 |
| Bertrand Franchise Finance |  |  |
| 5.75%, (3 Month EURIBOR + 3.75%), 07/18/30, EUR (a) (e) | 100 | 116 |
| Bubbles BidCo S.p.A. |  |  |
| 6.50%, 09/30/31, EUR (e) | 150 | 181 |
| CD&R Firefly Bidco PLC |  |  |
| 8.63%, 04/30/29, GBP (e) | 100 | 141 |
| CDI Escrow Issuer, Inc. |  |  |
| 5.75%, 04/01/30 (f) | 645 | 651 |
| Ceconomy AG |  |  |
| 6.25%, 07/15/29, EUR (e) | 330 | 406 |
| Churchill Downs Incorporated |  |  |
| 6.75%, 05/01/31 (f) | 190 | 197 |
| Cirsa Finance International S.a r.l. |  |  |
| 6.50%, 03/15/29, EUR (e) | 250 | 305 |
| Clarios Global LP |  |  |
| 6.75%, 09/15/32 (f) | 330 | 342 |
| Cougar JV Subsidiary, LLC |  |  |
| 8.00%, 05/15/32 (f) | 740 | 790 |
| CT Investment GmbH |  |  |
| 6.38%, 04/15/30, EUR (e) | 200 | 244 |
| Dana Financing Luxembourg S.a r.l. |  |  |
| 8.50%, 07/15/31, EUR (e) | 100 | 126 |
| Discovery Communications, LLC |  |  |
| 4.13%, 05/15/29 | 70 | 68 |
| Dufry One B.V. |  |  |
| 4.50%, 05/23/32, EUR (e) | 253 | 304 |
| Elior Group |  |  |
| 5.63%, 03/15/30, EUR (e) | 200 | 244 |
| Essendi S.A. |  |  |
| 5.50%, 11/15/31, EUR (e) | 200 | 240 |
| Flutter Treasury Designated Activity Company |  |  |
| 5.00%, 04/29/29, EUR (e) | 150 | 182 |
| FNAC Darty |  |  |
| 6.00%, 04/01/29, EUR (e) | 200 | 243 |
| Food Service Project SL |  |  |
| 5.50%, 01/21/27, EUR (e) | 163 | 192 |
| Fortune Star (BVI) Limited |  |  |
| 5.05%, 01/27/27 (e) | 330 | 323 |
| Forvia |  |  |
| 5.50%, 06/15/31, EUR (e) | 350 | 425 |
| Fressnapf Holding SE |  |  |
| 5.25%, 10/31/31, EUR (e) | 350 | 410 |
| Gol Finance LLP |  |  |
| 14.38%, 06/05/30 (f) | 350 | 359 |
| IHO Verwaltungs GmbH |  |  |
| 8.75%, 05/15/28, EUR (e) (h) | 250 | 306 |
| IHOL-Verwaltungs-GmbH |  |  |
| 7.75%, 11/15/30 (f) (h) | 325 | 339 |
| Jaguar Land Rover Automotive PLC |  |  |
| 4.50%, 07/15/28, EUR (e) | 300 | 355 |
| K. Hovnanian Enterprises, Inc. |  |  |
| 8.00%, 04/01/31 (f) | 110 | 112 |
| 8.38%, 10/01/33 (f) | 65 | 66 |
| LGI Homes, Inc. |  |  |
| 7.00%, 11/15/32 (f) | 615 | 588 |
| Light and Wonder International, Inc. |  |  |
| 6.25%, 10/01/33 (f) | 330 | 333 |
| Lindblad Expeditions, LLC |  |  |
| 7.00%, 09/15/30 (f) | 330 | 344 |
| Maison Finco PLC |  |  |
| 6.00%, 10/31/27, GBP (e) | 200 | 267 |
| MCE Finance Limited |  |  |
| 5.75%, 07/21/28 (e) | 580 | 579 |
| Midwest Gaming Borrower, LLC |  |  |
| 4.88%, 05/01/29 (f) | 860 | 846 |
| Miller Homes Group (Finco) PLC |  |  |
| 7.00%, 05/15/29, GBP (e) | 200 | 271 |
| Motel One GmbH |  |  |
| 7.75%, 04/02/31, EUR (e) | 90 | 113 |
| Nissan Motor Co., Ltd. |  |  |
| 5.25%, 07/17/29, EUR (e) | 250 | 301 |
| PetSmart, LLC |  |  |
| 7.50%, 09/15/32 (f) | 230 | 234 |
| 10.00%, 09/15/33 (f) | 65 | 67 |
| Pinewood Finco PLC |  |  |
| 6.00%, 03/27/30, GBP (e) | 145 | 196 |
| Pinnacle Bidco PLC |  |  |
| 10.00%, 10/11/28, GBP (e) | 200 | 284 |
| Prosus N.V. |  |  |
| 3.83%, 02/08/51 (e) | 390 | 261 |
| Punch Finance PLC |  |  |
| 7.88%, 12/30/30, GBP (e) | 150 | 206 |

---

------

#### Jackson Credit Opportunities Fund (Unaudited)

#### Schedule of Investments (in thousands)
December 31, 2025

---

| | | |
|:---|:---|:---|
| | **Shares/Par<sup>1</sup>** | **Value ($)** |
| Rakuten Group, Inc. |  |  |
| 4.25%, (100, 04/22/27), EUR (d) (e) | 200 | 227 |
| Resideo Funding Inc. |  |  |
| 6.50%, 07/15/32 (f) | 790 | 809 |
| Schaeffler AG |  |  |
| 4.50%, 03/28/30, EUR (e) | 700 | 842 |
| Six Flags Operations Inc. |  |  |
| 7.25%, 05/15/31 (f) | 335 | 322 |
| 6.63%, 05/01/32 (f) | 460 | 463 |
| Studio City Finance Limited |  |  |
| 6.50%, 01/15/28 (e) | 250 | 250 |
| TAP–Transportes Aereos Portugueses, SGPS, S.A. |  |  |
| 5.13%, 11/15/29, EUR (e) | 300 | 365 |
| United Parks And Resorts Inc. |  |  |
| 5.25%, 08/15/29 (f) | 425 | 413 |
| V.F. Corporation |  |  |
| 4.25%, 03/07/29, EUR | 220 | 259 |
| Valeo |  |  |
| 4.50%, 04/11/30, EUR (e) | 300 | 360 |
| 5.13%, 05/20/31, EUR (e) | 100 | 121 |
| 4.63%, 03/23/32, EUR (e) | 100 | 117 |
| Verde Purchaser, LLC |  |  |
| 10.50%, 11/30/30 (f) | 205 | 220 |
| Viking Cruises Limited |  |  |
| 5.88%, 10/15/33 (f) | 250 | 253 |
| Viking Ocean Cruises Ship VII Ltd |  |  |
| 5.63%, 02/15/29 (f) | 385 | 386 |
| Waga Bondco Limited |  |  |
| 8.50%, 06/15/30, GBP (e) | 114 | 140 |
| Warnermedia Holdings, Inc. |  |  |
| 4.28%, 03/15/32 | 290 | 254 |
| 5.05%, 03/15/42 | 95 | 67 |
| White Cap Supply Holdings, LLC |  |  |
| 7.38%, 11/15/30 (f) | 205 | 212 |
| Windsor Holdings III, LLC |  |  |
| 8.50%, 06/15/30 (f) | 310 | 328 |
| ZF Friedrichshafen AG |  |  |
| 2.25%, 05/03/28, EUR (e) | 200 | 224 |
| 3.75%, 09/21/28, EUR (e) | 100 | 115 |
| 6.13%, 03/13/29, EUR (e) | 100 | 122 |
| 3.00%, 10/23/29, EUR (e) | 100 | 110 |
| 7.00%, 06/12/30, EUR (e) | 100 | 124 |
| ZF North America Capital, Inc. |  |  |
| 7.50%, 03/24/31 (f) | 315 | 318 |
| 6.88%, 04/23/32 (f) | 60 | 58 |
| | | 22745 |
| **Industrials 3.7%** | **Industrials 3.7%** | **Industrials 3.7%** |
| Abertis Infraestructuras Finance B.V. |  |  |
| 4.87%, (100, 11/28/29), EUR (d) (e) | 400 | 483 |
| ADT Security Corporation, The |  |  |
| 5.88%, 10/15/33 (f) | 585 | 593 |
| Air France - KLM |  |  |
| 4.63%, 05/23/29, EUR (e) | 200 | 243 |
| Amsted Industries Incorporated |  |  |
| 6.38%, 03/15/33 (f) | 700 | 719 |
| Ardagh Metal Packaging Finance Public Limited Company |  |  |
| 4.00%, 09/01/29 (f) | 360 | 338 |
| 6.25%, 01/30/31 (f) | 140 | 143 |
| Assemblin Caverion Group AB |  |  |
| 6.25%, 07/01/30, EUR (e) | 350 | 427 |
| Ats Consolidated, Inc. |  |  |
| 5.50%, 04/15/29 (f) | 330 | 328 |
| Bombardier Inc. |  |  |
| 7.25%, 07/01/31 (f) | 685 | 729 |
| 6.75%, 06/15/33 (f) | 20 | 21 |
| Builders FirstSource, Inc. |  |  |
| 6.75%, 05/15/35 (f) | 730 | 763 |
| Calderys Financing II, LLC |  |  |
| 11.75%, 06/01/28 (f) (h) (i) | 287 | 298 |
| Calderys Financing, LLC |  |  |
| 11.25%, 06/01/28 (f) | 180 | 191 |
| Castello (BC) Bidco S.p.A. |  |  |
| 6.50%, (3 Month EURIBOR + 4.50%), 11/14/31, EUR (a) (e) | 136 | 161 |
| CMA CGM |  |  |
| 5.00%, 01/15/31, EUR (e) | 200 | 235 |
| Corporation De Securite Garda World |  |  |
| 8.25%, 08/01/32 (f) | 655 | 664 |
| CTEC II GmbH |  |  |
| 5.25%, 02/15/30, EUR (e) | 200 | 219 |
| Deutsche Lufthansa Aktiengesellschaft |  |  |
| 5.25%, 01/15/55, EUR (e) | 200 | 244 |
| Edge Finco PLC |  |  |
| 8.13%, 08/15/31, GBP (e) | 200 | 286 |
| EMRLD Borrower LP |  |  |
| 6.75%, 07/15/31 (f) | 395 | 416 |
| Energizer Gamma Acquisition B.V. |  |  |
| 3.50%, 06/30/29, EUR (e) | 100 | 113 |
| Fedrigoni S.p.A. |  |  |
| 6.13%, 06/15/31, EUR (e) | 250 | 286 |
| Goat Holdco, LLC |  |  |
| 6.75%, 02/01/32 (f) | 420 | 430 |
| Herc Holdings Inc. |  |  |
| 7.00%, 06/15/30 (f) | 567 | 596 |
| 5.75%, 03/15/31 (f) | 65 | 66 |
| 7.25%, 06/15/33 (f) | 380 | 402 |
| 6.00%, 03/15/34 (f) | 85 | 86 |
| JELD-WEN Holding, Inc. |  |  |
| 7.00%, 09/01/32 (f) | 275 | 187 |
| Kier Group PLC |  |  |
| 9.00%, 02/15/29, GBP (e) | 100 | 143 |
| Lightning Power, LLC |  |  |
| 7.25%, 08/15/32 (f) | 1078 | 1146 |
| Madison IAQ LLC |  |  |
| 5.88%, 06/30/29 (f) | 555 | 550 |
| Mauser Packaging Solutions Holding Company |  |  |
| 7.88%, 04/15/30 (f) | 450 | 448 |
| 9.25%, 04/15/30 (f) | 695 | 667 |
| MIWD Holdco II LLC |  |  |
| 5.50%, 02/01/30 (f) | 245 | 237 |
| Neptune BidCo US Inc. |  |  |
| 9.29%, 04/15/29 (f) | 335 | 335 |
| Nexans |  |  |
| 4.25%, 03/11/30, EUR (e) | 300 | 363 |
| Paprec Holding |  |  |
| 4.50%, 07/15/32, EUR (e) | 200 | 238 |
| Prysmian S.p.A. |  |  |
| 5.25%, (100, 05/21/30), EUR (d) (e) | 200 | 245 |
| Queen Mergerco, Inc. |  |  |
| 6.75%, 04/30/32 (f) | 790 | 825 |
| Quikrete Holdings, Inc. |  |  |
| 6.38%, 03/01/32 (f) | 465 | 484 |
| 6.75%, 03/01/33 (f) | 290 | 303 |
| Sensata Technologies, Inc. |  |  |
| 6.63%, 07/15/32 (f) | 295 | 308 |
| SPX Flow, Inc. |  |  |
| 8.75%, 04/01/30 (f) | 690 | 711 |
| Standard Building Solutions Inc. |  |  |
| 4.38%, 07/15/30 (f) | 70 | 67 |
| 3.38%, 01/15/31 (f) | 375 | 344 |
| Terex Corporation |  |  |
| 6.25%, 10/15/32 (f) | 1020 | 1046 |
| TransDigm Inc. |  |  |
| 6.88%, 12/15/30 (f) | 150 | 157 |
| 6.63%, 03/01/32 (f) | 485 | 504 |
| 6.75%, 01/31/34 (f) | 190 | 198 |
| Trivium Packaging Finance B.V. |  |  |
| 6.63%, 07/15/30, EUR (e) | 150 | 185 |
| 8.25%, 07/15/30 (f) | 139 | 149 |
| 12.25%, 01/15/31 (f) | 125 | 136 |
| Vertical Midco GmbH |  |  |
| 4.38%, 07/15/27, EUR (e) | 160 | 189 |
| Wesco Distribution, Inc. |  |  |
| 6.63%, 03/15/32 (f) | 800 | 836 |
| XPO, Inc. |  |  |
| 7.13%, 02/01/32 (f) | 895 | 940 |
|  |  | 21421 |

---

------

#### Jackson Credit Opportunities Fund (Unaudited)

#### Schedule of Investments (in thousands)
December 31, 2025

---

| | | |
|:---|:---|:---|
| | **Shares/Par<sup>1</sup>** | **Value ($)** |
| **Communication Services 3.6%** | **Communication Services 3.6%** | **Communication Services 3.6%** |
| Altice France |  |  |
| 5.50%, 10/15/31, EUR (e) | 328 | 365 |
| Arqiva Broadcast Finance PLC |  |  |
| 8.63%, 07/01/30, GBP (e) | 200 | 278 |
| Beignet Investments, LLC |  |  |
| 6.58%, 05/30/49 (f) | 1365 | 1445 |
| Bell Canada inc. |  |  |
| 6.88%, 09/15/55 | 525 | 543 |
| 7.00%, 09/15/55 | 1280 | 1341 |
| British Telecommunications Public Limited Company |  |  |
| 8.38%, 12/20/83, GBP (e) | 360 | 520 |
| CCO Holdings, LLC |  |  |
| 5.38%, 06/01/29 (f) | 915 | 904 |
| 4.50%, 05/01/32 | 395 | 354 |
| Charter Communications Operating, LLC |  |  |
| 5.85%, 12/01/35 | 1900 | 1897 |
| Clear Channel Outdoor Holdings, Inc. |  |  |
| 7.13%, 02/15/31 (f) | 335 | 351 |
| 7.50%, 03/15/33 (f) | 335 | 354 |
| CSC Holdings, LLC |  |  |
| 11.25%, 05/15/28 (f) | 310 | 243 |
| 11.75%, 01/31/29 (f) | 175 | 129 |
| Engineering S.R.L. |  |  |
| 11.13%, 05/15/28, EUR (e) | 100 | 124 |
| Eutelsat S.A. |  |  |
| 2.25%, 07/13/27, EUR (e) | 200 | 233 |
| IHS Holding Limited |  |  |
| 8.25%, 11/29/31 (e) | 200 | 209 |
| Koninklijke KPN N.V. |  |  |
| 4.88%, (100, 06/18/29), EUR (d) (e) | 100 | 121 |
| 6.00%, (100, 09/21/27), EUR (d) (e) | 100 | 123 |
| Level 3 Financing, Inc. |  |  |
| 4.88%, 06/15/29 (f) | 280 | 273 |
| 6.88%, 06/30/33 (f) | 330 | 338 |
| 7.00%, 03/31/34 (f) | 285 | 293 |
| 8.50%, 01/15/36 (f) | 140 | 144 |
| Lorca Telecom Bondco S.A. |  |  |
| 4.00%, 09/18/27, EUR (e) | 74 | 88 |
| Maya |  |  |
| 6.88%, 04/15/31, EUR (e) | 200 | 250 |
| Meta Platforms, Inc. |  |  |
| 5.63%, 11/15/55 | 635 | 610 |
| Midcontinent Communications |  |  |
| 8.00%, 08/15/32 (f) | 255 | 261 |
| Odido Group Holding B.V. |  |  |
| 5.50%, 01/15/30, EUR (e) | 133 | 157 |
| Optics BidCo S.p.A. |  |  |
| 2.38%, 10/12/27, EUR (e) | 100 | 116 |
| 6.88%, 02/15/28, EUR (e) | 200 | 249 |
| 7.88%, 07/31/28, EUR | 160 | 205 |
| 1.63%, 01/18/29, EUR (e) | 100 | 110 |
| Proximus |  |  |
| 4.75%, (100, 07/02/31), EUR (d) (e) | 300 | 357 |
| Rogers Communications Inc. |  |  |
| 7.00%, 04/15/55 | 505 | 528 |
| 7.13%, 04/15/55 | 1070 | 1130 |
| SoftBank Group Corp. |  |  |
| 5.88%, 07/10/31, EUR (e) | 150 | 180 |
| Telecom Argentina S.A. |  |  |
| 9.50%, 07/18/31 (f) | 300 | 316 |
| Telecom Italia S.p.A. |  |  |
| 7.88%, 07/31/28, EUR (e) | 200 | 262 |
| Telefonica Europe B.V. |  |  |
| 2.38%, (100, 02/12/29), EUR (d) (e) | 400 | 446 |
| 5.75%, (100, 01/15/32), EUR (d) (e) | 200 | 249 |
| 6.14%, (100, 02/03/30), EUR (d) (e) | 100 | 125 |
| 6.75%, (100, 06/07/31), EUR (d) (e) | 200 | 260 |
| TELUS Corporation |  |  |
| 6.63%, 06/09/56 | 655 | 654 |
| TMNL Holding BV |  |  |
| 3.75%, 01/15/29, EUR (e) | 100 | 117 |
| United Group B.V. |  |  |
| 5.25%, 02/01/30, EUR (e) | 100 | 117 |
| 6.75%, 02/15/31, EUR (e) | 150 | 181 |
| Virgin Media Vendor Financing Notes III Designated Activity Company |  |  |
| 4.88%, 07/15/28, GBP (e) | 350 | 459 |
| VMED O2 UK Financing I PLC |  |  |
| 4.50%, 07/15/31, GBP (e) | 150 | 179 |
| 5.63%, 04/15/32, EUR (e) | 213 | 252 |
| Vodafone Group Public Limited Company |  |  |
| 3.00%, 08/27/80, EUR (e) | 503 | 569 |
| VZ Vendor Financing II B.V. |  |  |
| 2.88%, 01/15/29, EUR (e) | 100 | 111 |
| Wayfair LLC |  |  |
| 7.25%, 10/31/29 (f) | 240 | 250 |
| 7.75%, 09/15/30 (f) | 225 | 239 |
| Windstream Services, LLC |  |  |
| 8.25%, 10/01/31 (f) | 445 | 467 |
| 7.50%, 10/15/33 (f) | 25 | 26 |
| Zayo Group Holdings, Inc. |  |  |
| 6.25%, 03/09/30 (f) (h) | 269 | 256 |
| Zegona Finance PLC |  |  |
| 6.75%, 07/15/29, EUR (e) | 180 | 222 |
| Ziggo B.V. |  |  |
| 2.88%, 01/15/30, EUR (e) | 200 | 222 |
|  |  | 20802 |
| **Utilities 2.9%** | **Utilities 2.9%** | **Utilities 2.9%** |
| A2a S.p.A. |  |  |
| 5.00%, (100, 06/11/29), EUR (d) (e) | 200 | 242 |
| Alliant Energy Corporation |  |  |
| 5.75%, 04/01/56 | 565 | 563 |
| Alpha Generation LLC |  |  |
| 6.75%, 10/15/32 (f) | 1145 | 1184 |
| 6.25%, 01/15/34 (f) | 410 | 414 |
| American Electric Power Company, Inc. |  |  |
| 6.05%, 03/15/56 | 815 | 801 |
| CenterPoint Energy, Inc. |  |  |
| 5.95%, 04/01/56 | 1190 | 1199 |
| CMS Energy Corporation |  |  |
| 6.50%, 06/01/55 | 935 | 961 |
| Dominion Energy, Inc. |  |  |
| 6.63%, 05/15/55 | 970 | 998 |
| EDP, S.A. |  |  |
| 4.75%, 05/29/54, EUR (e) | 400 | 484 |
| 4.63%, 09/16/54, EUR (e) | 100 | 120 |
| Electricite de France |  |  |
| 2.63%, (100, 12/01/27), EUR (d) (e) | 800 | 917 |
| 3.38%, (100, 06/15/30), EUR (d) (e) | 200 | 224 |
| 7.50%, (100, 09/06/28), EUR (d) (e) | 200 | 256 |
| Holding D'infrastructures Des Metiers De L'environnement |  |  |
| 4.88%, 10/24/29, EUR (e) | 400 | 487 |
| NRG Energy, Inc. |  |  |
| 10.25%, (100, 03/15/28) (d) (f) | 680 | 739 |
| 6.00%, 02/01/33 (f) | 320 | 326 |
| Orsted A/S |  |  |
| 5.13%, (100, 09/14/29), EUR (d) (e) | 350 | 421 |
| 5.25%, 12/08/22, EUR (e) | 150 | 180 |
| Saavi Energia S.a r.l. |  |  |
| 8.88%, 02/10/35 (f) | 600 | 649 |
| Sempra |  |  |
| 6.55%, 04/01/55 | 875 | 892 |
| 6.38%, 04/01/56 | 775 | 791 |
| Spire Inc. |  |  |
| 6.25%, 06/01/56 | 480 | 477 |
| 6.45%, 06/01/56 | 420 | 420 |
| Talen Energy Supply, LLC |  |  |
| 6.25%, 02/01/34 (f) | 410 | 418 |
| 6.50%, 02/01/36 (f) | 405 | 419 |
| UGI International, LLC |  |  |
| 2.50%, 12/01/29, EUR (e) | 200 | 224 |
| Veolia Environnement |  |  |
| 2.50%, (100, 01/20/29), EUR (d) (e) | 400 | 451 |
| Vistra Corp. |  |  |
| 7.00%, (100, 12/15/26) (d) (f) | 650 | 658 |
| Vistra Operations Company LLC |  |  |
| 7.75%, 10/15/31 (f) | 10 | 11 |

---

------

#### Jackson Credit Opportunities Fund (Unaudited)

#### Schedule of Investments (in thousands)
December 31, 2025

---

| | | |
|:---|:---|:---|
| | **Shares/Par<sup>1</sup>** | **Value ($)** |
| 6.95%, 10/15/33 (f) | 20 | 22 |
| VoltaGrid LLC |  |  |
| 7.38%, 11/01/30 (f) | 740 | 733 |
| | | 16681 |
| **Energy 2.8%** | **Energy 2.8%** | **Energy 2.8%** |
| Antero Midstream Partners LP |  |  |
| 6.63%, 02/01/32 (f) | 510 | 528 |
| 5.75%, 10/15/33 (f) | 420 | 422 |
| Archrock Partners, L.P. |  |  |
| 6.63%, 09/01/32 (f) | 350 | 360 |
| Ascent Resources - Utica, LLC |  |  |
| 5.88%, 06/30/29 (f) | 600 | 601 |
| 6.63%, 07/15/33 (f) | 280 | 289 |
| Azule Energy Finance PLC |  |  |
| 8.13%, 01/23/30 (f) | 250 | 250 |
| BKV Upstream Midstream, LLC |  |  |
| 7.50%, 10/15/30 (f) | 505 | 512 |
| Comstock Resources, Inc. |  |  |
| 6.75%, 03/01/29 (f) | 260 | 260 |
| Constellation Oil Services Holding S.A. |  |  |
| 9.38%, 11/07/29 (f) | 226 | 235 |
| Cullinan Holdco SCSp |  |  |
| 8.50%, 10/15/29, EUR (e) (h) | 92 | 95 |
| Energy Transfer LP |  |  |
| 7.13%, 10/01/54 | 575 | 590 |
| Excelerate Energy Limited Partnership |  |  |
| 8.00%, 05/15/30 (f) | 995 | 1050 |
| FS Luxembourg S.a r.l. |  |  |
| 8.88%, 02/12/31 (f) | 382 | 399 |
| Genesis Energy, L.P. |  |  |
| 7.88%, 05/15/32 | 525 | 546 |
| Global Partners LP |  |  |
| 7.13%, 07/01/33 (f) | 100 | 102 |
| Greenko Power II Limited |  |  |
| 4.30%, 12/13/28 (e) | 152 | 144 |
| Harvest Midstream I, L.P. |  |  |
| 7.50%, 05/15/32 (f) | 340 | 354 |
| Hilcorp Energy I, L.P. |  |  |
| 6.25%, 04/15/32 (f) | 345 | 324 |
| 8.38%, 11/01/33 (f) | 160 | 163 |
| Howard Midstream Energy Partners, LLC |  |  |
| 7.38%, 07/15/32 (f) | 720 | 759 |
| JSC Uzbekneftegaz |  |  |
| 8.75%, 05/07/30 (e) | 510 | 545 |
| Kodiak Gas Services, LLC |  |  |
| 6.50%, 10/01/33 (f) | 150 | 153 |
| 6.75%, 10/01/35 (f) | 145 | 149 |
| NAC Kazatomprom JSC |  |  |
| 3.50%, 04/14/33 (e) | 390 | 352 |
| Noble Finance II LLC |  |  |
| 8.00%, 04/15/30 (f) | 300 | 311 |
| Permian Resources Operating, LLC |  |  |
| 7.00%, 01/15/32 (f) | 565 | 588 |
| 6.25%, 02/01/33 (f) | 330 | 338 |
| Petroleos Mexicanos |  |  |
| 7.69%, 01/23/50 | 2320 | 2081 |
| Pluspetrol S.A. |  |  |
| 8.50%, 05/30/32 (f) | 489 | 497 |
| Rockies Express Pipeline LLC |  |  |
| 6.75%, 03/15/33 (f) | 365 | 385 |
| Sierracol Energy Andina, LLC |  |  |
| 6.00%, 06/15/28 (e) | 240 | 226 |
| 9.00%, 11/14/30 (f) | 200 | 189 |
| Tallgrass Energy Partners, LP |  |  |
| 6.00%, 09/01/31 (f) | 365 | 360 |
| Tecpetrol |  |  |
| 7.63%, 11/03/30 (f) | 115 | 114 |
| Transmontaigne Partners LLC |  |  |
| 8.50%, 06/15/30 (f) | 160 | 161 |
| Trident Energy Finance PLC |  |  |
| 12.50%, 11/30/29 (f) | 200 | 203 |
| USA Compression Finance Corp. |  |  |
| 6.25%, 10/01/33 (f) | 850 | 859 |
| Venture Global Plaquemines LNG, LLC |  |  |
| 6.50%, 06/15/34 (f) | 400 | 409 |
| WBI Operations LLC |  |  |
| 6.25%, 10/15/30 (f) | 210 | 211 |
| 6.50%, 10/15/33 (f) | 210 | 209 |
| Wintershall Dea GmbH |  |  |
| 3.00%, (100, 07/20/28), EUR (d) (e) | 300 | 338 |
|  |  | 16661 |
| **Health Care 2.1%** | **Health Care 2.1%** | **Health Care 2.1%** |
| 1261229 B.C. Ltd. |  |  |
| 10.00%, 04/15/32 (f) | 575 | 599 |
| Acadia Healthcare Company, Inc. |  |  |
| 5.00%, 04/15/29 (f) | 340 | 327 |
| Bausch + Lomb Corporation |  |  |
| 8.38%, 10/01/28 (f) | 1020 | 1064 |
| Bayer Aktiengesellschaft |  |  |
| 5.38%, 03/25/82, EUR (e) | 300 | 361 |
| CAB |  |  |
| 3.38%, 02/01/28, EUR (e) | 308 | 350 |
| Centrient Holding B.V. |  |  |
| 6.75%, 05/30/30, EUR (e) | 100 | 105 |
| Cheplapharm Arzneimittel GmbH |  |  |
| 7.50%, 05/15/30, EUR (e) | 300 | 365 |
| CVS Health Corporation |  |  |
| 6.75%, 12/10/54 | 405 | 422 |
| Ephios Subco 3 S.a r.l. |  |  |
| 7.88%, 01/31/31, EUR (e) | 300 | 374 |
| Eurofins Scientific SE |  |  |
| 6.75%, (100, 04/24/28), EUR (d) (e) | 300 | 374 |
| Global Medical Response, Inc. |  |  |
| 7.38%, 10/01/32 (f) | 310 | 322 |
| Grifols Escrow Issuer S.A. |  |  |
| 3.88%, 10/15/28, EUR (e) | 100 | 116 |
| Grifols, S.A. |  |  |
| 7.50%, 05/01/30, EUR (e) | 550 | 678 |
| Grunenthal GmbH |  |  |
| 4.63%, 11/15/31, EUR (e) | 400 | 474 |
| IQVIA Inc. |  |  |
| 2.25%, 01/15/28, EUR (e) | 300 | 346 |
| Lifepoint Health, Inc. |  |  |
| 10.00%, 06/01/32 (f) | 370 | 392 |
| Medline Borrower, LP |  |  |
| 6.25%, 04/01/29 (f) | 90 | 93 |
| Mehilainen Yhtiot Oy |  |  |
| 5.13%, 06/30/32, EUR (e) | 200 | 238 |
| Molina Healthcare, Inc. |  |  |
| 6.25%, 01/15/33 (f) | 945 | 964 |
| Mozart Debt Merger Sub Inc. |  |  |
| 5.25%, 10/01/29 (f) | 320 | 322 |
| Nidda Healthcare Holding GmbH |  |  |
| 5.63%, 02/21/30, EUR (e) | 200 | 241 |
| 7.00%, 02/21/30, EUR (e) | 200 | 244 |
| Ray Financing LLC |  |  |
| 6.50%, 07/15/31, EUR (e) | 300 | 358 |
| Rossini S.a r.l. |  |  |
| 6.75%, 12/31/29, EUR (e) | 100 | 123 |
| Star Parent, Inc. |  |  |
| 9.00%, 10/01/30 (f) | 460 | 491 |
| Surgery Center Holdings, Inc. |  |  |
| 7.25%, 04/15/32 (f) | 480 | 486 |
| Team Health Holdings, Inc. |  |  |
| 8.38%, 06/30/28 (f) | 510 | 516 |
| 13.50%, 06/30/28 (f) (h) | 148 | 156 |
| Teva Pharmaceutical Finance Netherlands II B.V. |  |  |
| 4.38%, 05/09/30, EUR (e) | 500 | 602 |
| 4.13%, 06/01/31, EUR | 550 | 654 |
|  |  | 12157 |
| **Materials 1.9%** | **Materials 1.9%** | **Materials 1.9%** |
| Ahlstrom Holding 3 Oy |  |  |
| 3.63%, 02/04/28, EUR (e) | 200 | 233 |
| Avient Corporation |  |  |
| 6.25%, 11/01/31 (f) | 520 | 533 |
| Axalta Coating Systems Dutch Holding B B.V. |  |  |
| 7.25%, 02/15/31 (f) | 200 | 210 |

---

------

#### Jackson Credit Opportunities Fund (Unaudited)

#### Schedule of Investments (in thousands)
December 31, 2025

---

| | | |
|:---|:---|:---|
| | **Shares/Par<sup>1</sup>** | **Value ($)** |
| Capstone Copper Corp. |  |  |
| 6.75%, 03/31/33 (f) | 330 | 342 |
| Celanese US Holdings LLC |  |  |
| 5.00%, 04/15/31, EUR | 165 | 189 |
| CEMEX S.A.B. de C.V. |  |  |
| 7.20%, (100, 06/10/30) (d) (f) | 200 | 208 |
| Century Aluminum Company |  |  |
| 6.88%, 08/01/32 (f) | 405 | 416 |
| Compania de Minas Buenaventura S.A.A. |  |  |
| 6.80%, 02/04/32 (f) | 200 | 208 |
| CSN Islands XI Corp. |  |  |
| 6.75%, 01/28/28 (e) | 350 | 324 |
| Endeavour Mining PLC |  |  |
| 7.00%, 05/28/30 (e) | 200 | 207 |
| Fresnillo PLC |  |  |
| 4.25%, 10/02/50 (e) | 200 | 160 |
| Guala Closures S.p.A. |  |  |
| 3.25%, 06/15/28, EUR (e) | 188 | 217 |
| Inversion Escrow Issuer, LLC |  |  |
| 6.75%, 08/01/32 (f) | 935 | 928 |
| Inversiones CMPC S.A. |  |  |
| 6.70%, 12/09/57 (f) | 200 | 201 |
| KRC Materials, Inc. |  |  |
| 7.75%, 05/01/31 (f) | 225 | 235 |
| Kronos International, Inc. |  |  |
| 9.50%, 03/15/29, EUR (e) | 249 | 270 |
| Lune Holdings S.a r.l. |  |  |
| 5.63%, 11/15/28, EUR (e) | 150 | 20 |
| Mineral Resources Limited |  |  |
| 7.00%, 04/01/31 (f) | 455 | 472 |
| Navoiy Kon-Metallurgiya Kombinati, Aksiyadorlik Jamiyati |  |  |
| 6.95%, 10/17/31 (e) | 560 | 597 |
| Novelis Corporation |  |  |
| 6.88%, 01/30/30 (f) | 570 | 590 |
| Olympus Water US Holding Corporation |  |  |
| 7.25%, 06/15/31 (f) | 70 | 72 |
| 6.13%, 02/15/33, EUR (e) | 200 | 233 |
| Samarco Mineracao S.A. |  |  |
| 9.00%, 06/30/31 (f) (h) (i) | 291 | 296 |
| Sasol Financing USA LLC |  |  |
| 6.50%, 09/27/28 | 490 | 481 |
| Sealed Air Corporation |  |  |
| 7.25%, 02/15/31 (f) | 305 | 317 |
| Silgan Holdings Inc. |  |  |
| 4.25%, 02/15/31, EUR (e) | 100 | 119 |
| Snf Group |  |  |
| 4.50%, 03/15/32, EUR (e) | 100 | 121 |
| Taseko Mines Limited |  |  |
| 8.25%, 05/01/30 (f) | 310 | 329 |
| Trident TPI Holdings, Inc. |  |  |
| 12.75%, 12/31/28 (f) | 390 | 398 |
| Turquoise Hill Resources Ltd. |  |  |
| 7.88%, 01/23/30 (e) | 200 | 206 |
| Vale Overseas Ltd |  |  |
| 6.00%, 02/25/56 (f) | 283 | 283 |
| Vedanta Resources Limited |  |  |
| 10.88%, 09/17/29 (e) | 450 | 474 |
| Volcan Compania Minera S.A.A. |  |  |
| 8.50%, 10/28/32 (f) | 330 | 339 |
| W. R. Grace Holdings LLC |  |  |
| 5.63%, 08/15/29 (f) | 215 | 203 |
| 7.38%, 03/01/31 (f) | 305 | 312 |
| 6.63%, 08/15/32 (f) | 185 | 187 |
| | | 10930 |
| **Consumer Staples 1.4%** | **Consumer Staples 1.4%** | **Consumer Staples 1.4%** |
| AA Bond Co Limited |  |  |
| 6.85%, 07/31/31, GBP (e) | 100 | 144 |
| Albion Financing 1 S.a r.l. |  |  |
| 5.38%, 05/21/30, EUR (e) | 150 | 181 |
| 7.00%, 05/21/30 (f) | 250 | 261 |
| Allied Universal Holdco LLC |  |  |
| 3.63%, 06/01/28, EUR (e) | 200 | 233 |
| 4.88%, 06/01/28, GBP (e) | 100 | 131 |
| 6.00%, 06/01/29 (f) | 275 | 272 |
| 7.88%, 02/15/31 (f) | 290 | 306 |
| Amber FinCo PLC |  |  |
| 6.63%, 07/15/29, EUR (e) | 200 | 246 |
| BCP V Modular Services Finance II PLC |  |  |
| 4.75%, 11/30/28, EUR (e) | 100 | 111 |
| 6.50%, 07/10/31, EUR (e) | 100 | 109 |
| BCP V Modular Services Finance PLC |  |  |
| 6.75%, 11/30/29, EUR (e) | 100 | 91 |
| Bellis Acquisition Company PLC |  |  |
| 8.13%, 05/14/30, GBP (e) | 100 | 125 |
| Boels Topholding B.V. |  |  |
| 6.25%, 02/15/29, EUR (e) | 125 | 151 |
| 5.75%, 05/15/30, EUR (e) | 100 | 121 |
| Co-operative Group Limited |  |  |
| 7.50%, 07/08/26, GBP (e) (i) (j) | 260 | 353 |
| Currenta Group Holdings S.a r.l. |  |  |
| 5.50%, 05/15/30, EUR (e) | 250 | 296 |
| Darling Global Finance B.V. |  |  |
| 4.50%, 07/15/32, EUR (e) | 200 | 238 |
| Flora Food Management B.V. |  |  |
| 6.88%, 07/02/29, EUR (e) | 250 | 292 |
| Grupo Nutresa S.A. |  |  |
| 8.00%, 05/12/30 (f) | 440 | 476 |
| Loxama |  |  |
| 6.38%, 05/31/29, EUR (e) | 180 | 219 |
| Ontex Group |  |  |
| 5.25%, 04/15/30, EUR (e) | 100 | 116 |
| Pachelbel BidCo S.p.A. |  |  |
| 7.13%, 05/17/31, EUR (e) | 50 | 63 |
| Perrigo Finance Unlimited Company |  |  |
| 5.38%, 09/30/32, EUR | 100 | 120 |
| Primo Water Holdings Inc. |  |  |
| 3.88%, 10/31/28, EUR (e) | 150 | 176 |
| Q-Park Holding I B.V. |  |  |
| 5.13%, 02/15/30, EUR (e) | 211 | 256 |
| 4.25%, 09/01/30, EUR (e) | 100 | 119 |
| RAC Bond Co PLC |  |  |
| 5.25%, 11/04/27, GBP (e) | 200 | 268 |
| Sudzucker International Finance B.V. |  |  |
| 5.95%, (100, 05/28/30), EUR (d) (e) | 200 | 225 |
| Techem Verwaltungsgesellschaft 675 mbH |  |  |
| 5.38%, 07/15/29, EUR (e) | 378 | 458 |
| Verisure Midholding AB |  |  |
| 5.25%, 02/15/29, EUR (e) | 435 | 513 |
| Wand NewCo 3, Inc. |  |  |
| 7.63%, 01/30/32 (f) | 975 | 1030 |
| Williams Scotsman, Inc. |  |  |
| 7.38%, 10/01/31 (f) | 350 | 365 |
|  |  | 8065 |
| **Information Technology 1.1%** | **Information Technology 1.1%** | **Information Technology 1.1%** |
| Ahead DB Holdings, LLC |  |  |
| 6.63%, 05/01/28 (f) | 825 | 829 |
| Almaviva - The Italian Innovation Company S.p.A. In Breve Almaviva S.p.A. |  |  |
| 5.00%, 10/30/30, EUR (e) | 200 | 237 |
| Amentum Escrow Corp. |  |  |
| 7.25%, 08/01/32 (f) | 455 | 479 |
| Amkor Technology, Inc. |  |  |
| 5.88%, 10/01/33 (f) | 415 | 424 |
| Atos SE |  |  |
| 9.36%, 12/18/29, EUR (e) (i) | 400 | 537 |
| Cloud Software Group, Inc. |  |  |
| 6.63%, 08/15/33 (f) | 760 | 752 |
| Ellucian Holdings, Inc. |  |  |
| 6.50%, 12/01/29 (f) | 195 | 199 |
| Fortress Intermediate 3, Inc. |  |  |
| 7.50%, 06/01/31 (f) | 700 | 729 |
| Oracle Corporation |  |  |
| 5.95%, 09/26/55 | 1500 | 1333 |
| UKG Inc. |  |  |
| 6.88%, 02/01/31 (f) | 1150 | 1182 |
|  |  | 6701 |

---

------

#### Jackson Credit Opportunities Fund (Unaudited)

#### Schedule of Investments (in thousands)
December 31, 2025

---

| | | |
|:---|:---|:---|
| | **Shares/Par<sup>1</sup>** | **Value ($)** |
| **Real Estate 0.8%** | **Real Estate 0.8%** | **Real Estate 0.8%** |
| ADLER Financing S.a r.l. |  |  |
| 8.25%, 12/31/28, EUR (h) | 277 | 356 |
| Alexandrite Monnet UK HoldCo PLC |  |  |
| 10.50%, 05/15/29, EUR (e) | 200 | 253 |
| Banco Actinver, S.A., Institucion de Banca Multiple, Grupo Financiero Actinver |  |  |
| 7.25%, 01/31/41 (e) | 198 | 208 |
| Castellum Aktiebolag |  |  |
| 3.13%, (100, 12/02/26), EUR (d) (e) | 150 | 174 |
| CPI Property Group |  |  |
| 3.75%, (100, 04/27/28), EUR (d) (e) | 100 | 103 |
| 7.50%, (100, 03/24/31), EUR (d) (e) | 204 | 222 |
| 4.00%, 01/22/28, GBP (e) (i) (j) | 200 | 256 |
| 1.75%, 01/14/30, EUR (e) | 150 | 150 |
| Globalworth Real Estate Investments Limited |  |  |
| 6.25%, 03/31/30, EUR (e) | 282 | 337 |
| Greentown China Holdings Limited |  |  |
| 8.45%, 02/24/28 (e) | 400 | 400 |
| Heimstaden AB |  |  |
| 6.75%, (100, 10/15/26), EUR (d) (e) | 100 | 114 |
| 8.38%, 01/29/30, EUR (e) | 200 | 249 |
| Heimstaden Bostad AB |  |  |
| 3.63%, (100, 10/13/26), EUR (d) (e) | 350 | 406 |
| 6.25%, (100, 12/04/29), EUR (d) (e) | 100 | 123 |
| 1.63%, 10/13/31, EUR (e) | 100 | 103 |
| Iron Mountain Incorporated |  |  |
| 4.75%, 01/15/34, EUR (e) | 100 | 114 |
| MPT Operating Partnership, L.P. |  |  |
| 7.00%, 02/15/32, EUR (e) | 200 | 243 |
| New Immo Holding |  |  |
| 6.00%, 03/22/29, EUR (e) | 200 | 245 |
| RHP Hotel Properties, LP |  |  |
| 6.50%, 06/15/33 (f) | 185 | 192 |
| Star Holdings |  |  |
| 8.75%, 08/01/31 (f) | 300 | 288 |
| Unibail-Rodamco-Westfield SE |  |  |
| 4.75%, (100, 06/11/31), EUR (d) (e) | 200 | 239 |
|  |  | 4775 |
| Total Corporate Bonds And Notes (cost $158,222) | Total Corporate Bonds And Notes (cost $158,222) | 163765 |
| **CATASTROPHE BONDS 15.3%** | **CATASTROPHE BONDS 15.3%** | **CATASTROPHE BONDS 15.3%** |
| **Multi-Peril 10.6%** | **Multi-Peril 10.6%** | **Multi-Peril 10.6%** |
| 3264 Re Ltd. |  |  |
| 25.17%, (Federated Hermes US Treasury Cash Reserves Fund Yield + 21.25%), 02/07/28 (a) (f) | 500 | 536 |
| 4.12%, (Goldman Sachs Financial Square Treasury Instruments Fund Yield + 0.50%), 01/08/29 (a) (f) | 2000 | 2000 |
| Alamo Re Ltd. |  |  |
| 10.17%, (Federated Hermes US Treasury Cash Reserves Fund Yield + 6.54%), 06/07/27 (a) (f) | 1150 | 1208 |
| 12.06%, (Federated Hermes US Treasury Cash Reserves Fund Yield + 8.43%), 06/07/27 (a) (f) | 500 | 531 |
| Atela Re Ltd. |  |  |
| 17.94%, (BlackRock Liquidity Funds Treasury Trust Fund Portfolio Fund Yield + 14.25%), 05/09/27 (a) (f) | 750 | 816 |
| Atlas Capital Designated Activity Company |  |  |
| 11.28%, (SOFR + 7.25%), 06/07/28 (a) (f) | 1500 | 1549 |
| Bonanza Re Ltd |  |  |
| 9.25%, (MSILF Treasury Securities Portfolio Fund Yield + 5.50%), 12/20/27 (a) (f) | 1500 | 1533 |
| Bridge STR RE Ltd. |  |  |
| 8.02%, (JPMorgan US Treasury Money Market Fund Yield + 4.00%), 01/07/28 (a) (f) | 3000 | 3051 |
| Easton Re Pte. Ltd. |  |  |
| 11.10%, (3 Month Treasury + 7.50%), 01/08/27 (a) (f) | 1900 | 1939 |
| Four Lakes Re Ltd. |  |  |
| 9.42%, (BlackRock Liquidity Funds Treasury Trust Fund Portfolio Fund Yield + 5.50%), 01/07/28 (a) (f) | 1500 | 1539 |
| Galileo Re Ltd. |  |  |
| 8.74%, (JPMorgan US Treasury Money Market Fund Yield + 5.00%), 01/08/30 (a) (f) | 2250 | 2248 |
| Herbie Re Ltd. |  |  |
| 11.17%, (3 Month Treasury + 7.25%), 01/08/29 (a) (f) | 2250 | 2318 |
| 14.67%, (3 Month Treasury + 10.75%), 01/08/29 (a) (f) | 1250 | 1314 |
| Hypatia Ltd. |  |  |
| 14.30%, (3 Month Treasury + 10.50%), 04/08/26 (a) (f) | 1650 | 1691 |
| Kendall Re Ltd. |  |  |
| 10.05%, (Goldman Sachs Financial Square Treasury Instruments Fund Yield + 6.25%), 04/30/27 (a) (f) | 1500 | 1567 |
| 11.54%, (Goldman Sachs Financial Square Treasury Instruments Fund Yield + 7.74%), 04/30/27 (a) (f) | 750 | 783 |
| Kilimanjaro III Re Limited |  |  |
| 8.48%, (BlackRock Liquidity Funds Treasury Trust Fund Portfolio Fund Yield + 4.56%), 04/20/26 (a) (f) | 500 | 504 |
| 8.78%, (BlackRock Liquidity Funds Treasury Trust Fund Portfolio Fund Yield + 4.86%), 04/20/26 (a) (f) | 500 | 504 |
| 16.28%, (BlackRock Liquidity Funds Treasury Trust Fund Portfolio Fund Yield + 11.25%), 04/20/26 (a) (f) | 275 | 283 |
| Kilimanjaro Re Limited |  |  |
| 10.17%, (BlackRock Liquidity Funds Treasury Trust Fund Portfolio Fund Yield + 6.25%), 06/30/28 (a) (f) | 1150 | 1214 |
| 10.17%, (Goldman Sachs Financial Square Treasury Instruments Fund Yield + 6.25%), 07/09/29 (a) (f) | 500 | 522 |
| 7.67%, (Goldman Sachs Financial Square Treasury Instruments Fund Yield + 3.75%), 07/08/30 (a) (f) | 1000 | 1022 |
| London Bridge 2 PCC Limited |  |  |
| 11.44%, (3 Month Treasury + 7.50%), 01/09/29 (a) (f) | 2000 | 2066 |
| Matterhorn Re Ltd |  |  |
| 16.13%, (BlackRock Liquidity Funds Treasury Trust Fund Portfolio Fund Yield + 12.25%), 02/04/28 (a) (f) | 1000 | 1034 |
| 16.17%, (BlackRock Liquidity Funds Treasury Trust Fund Portfolio Fund Yield + 12.25%), 07/07/28 (a) (f) | 750 | 792 |
| Mona Lisa RE Ltd. |  |  |
| 13.67%, (BlackRock Liquidity Funds Treasury Trust Fund Portfolio Fund Yield + 9.75%), 06/25/27 (a) (f) | 1700 | 1843 |
| 11.92%, (BlackRock Liquidity Funds Treasury Trust Fund Portfolio Fund Yield + 8.00%), 01/08/29 (a) (f) | 2750 | 2804 |
| 4.18%, (BlackRock Liquidity Funds Treasury Trust Fund Portfolio Fund Yield + 0.50%), 01/08/30 (a) (f) | 1500 | 1500 |
| Montoya Re Ltd. |  |  |
| 16.80%, (MSILF Treasury Securities Portfolio Fund Yield + 12.38%), 04/07/27 (a) (f) | 1750 | 1838 |
| 8.87%, (1 Month Treasury + 5.25%), 04/09/30 (a) (f) | 2250 | 2250 |
| Mystic Re IV Ltd. |  |  |
| 7.92%, (Goldman Sachs Financial Square Treasury Instruments Fund Yield + 4.00%), 01/10/28 (a) (f) | 1000 | 1017 |
| 14.17%, (Goldman Sachs Financial Square Treasury Instruments Fund Yield + 10.25%), 01/10/28 (a) (f) | 750 | 775 |
| 10.63%, (Goldman Sachs Financial Square Treasury Instruments Fund Yield + 6.90%), 01/08/29 (a) (f) | 1000 | 1000 |
| Northshore Re II Limited |  |  |
| 8.92%, (BlackRock Liquidity Funds Treasury Trust Fund Portfolio Fund Yield + 5.00%), 04/07/28 (a) (f) | 1750 | 1777 |

---

------

#### Jackson Credit Opportunities Fund (Unaudited)

#### Schedule of Investments (in thousands)
December 31, 2025

---

| | | |
|:---|:---|:---|
| | **Shares/Par<sup>1</sup>** | **Value ($)** |
| Ocelot Re Ltd. |  |  |
| 11.67%, (BlackRock Liquidity Funds Treasury Trust Fund Portfolio Fund Yield + 7.75%), 01/07/31 (a) (f) | 1900 | 1942 |
| Residential Reinsurance 2024 Limited |  |  |
| 9.07%, (3 Month Treasury + 5.38%), 12/06/28 (a) (f) | 1250 | 1293 |
| 10.63%, (3 Month Treasury + 6.94%), 12/06/28 (a) (f) | 1000 | 1028 |
| Residential Reinsurance 2025 Ltd. |  |  |
| 7.11%, (JPMorgan US Treasury Money Market Fund Yield + 3.25%), 12/06/29 (a) (f) | 1000 | 995 |
| Riverfront Re Ltd. |  |  |
| 11.67%, (Goldman Sachs Financial Square Treasury Instruments Fund Yield + 7.75%), 01/08/29 (a) (f) | 750 | 795 |
| Sanders Re II Ltd. |  |  |
| 7.62%, (BlackRock Liquidity Funds Treasury Trust Fund Portfolio Fund Yield + 3.99%), 04/07/29 (a) (f) | 1000 | 1022 |
| 8.99%, (BlackRock Liquidity Funds Treasury Trust Fund Portfolio Fund Yield + 5.36%), 04/07/29 (a) (f) | 1000 | 1041 |
| Sanders Re III Ltd. |  |  |
| 9.19%, (BlackRock Liquidity Funds Treasury Trust Fund Portfolio Fund Yield + 5.56%), 04/07/28 (a) (f) | 1000 | 1050 |
| Stabilitas Re Ltd. |  |  |
| 12.28%, (BlackRock Liquidity Funds Treasury Trust Fund Portfolio Fund Yield + 8.48%), 06/05/26 (a) (f) | 2500 | 2564 |
| Titania Re Ltd. |  |  |
| 9.90%, (Goldman Sachs Financial Square Treasury Instruments Fund Yield + 6.25%), 11/26/27 (a) (f) | 2750 | 2774 |
| | | 61872 |
| **Storms 2.9%** | **Storms 2.9%** | **Storms 2.9%** |
| Blue Ridge Re Ltd. |  |  |
| 11.63%, (Federated Hermes US Treasury Cash Reserves Fund Yield + 8.00%), 01/08/29 (a) (f) | 500 | 500 |
| Cape Lookout Re Ltd. |  |  |
| 12.34%, (Goldman Sachs Financial Square Treasury Solutions Fund Yield + 8.70%), 04/05/27 (a) (f) | 1000 | 1035 |
| 10.50%, (Federated Hermes US Treasury Cash Reserves Fund Yield + 6.90%), 03/13/28 (a) (f) | 1250 | 1323 |
| Chartwell Re Ltd. |  |  |
| 9.78%, (JPMorgan US Treasury Money Market Fund Yield + 6.00%), 06/07/28 (a) (f) | 1250 | 1307 |
| 10.78%, (JPMorgan US Treasury Money Market Fund Yield + 7.00%), 06/07/28 (a) (f) | 1000 | 1036 |
| FloodSmart Re Ltd. |  |  |
| 18.11%, (Federated Hermes US Treasury Cash Reserves Fund Yield + 14.36%), 03/12/27 (a) (f) | 500 | 532 |
| Gateway Re II Ltd. |  |  |
| 13.29%, (BlackRock Liquidity Funds Treasury Trust Fund Portfolio Fund Yield + 9.57%), 04/27/26 (a) (f) | 250 | 256 |
| Gateway Re Ltd |  |  |
| 13.10%, (1 Month Treasury + 9.50%), 07/07/27 (a) (f) | 500 | 522 |
| 14.19%, (BlackRock Liquidity Funds Treasury Trust Fund Portfolio Fund Yield + 10.50%), 07/07/28 (a) (f) | 500 | 542 |
| Hestia Re Ltd |  |  |
| 11.94%, (Dreyfus Treasury Securities Cash Management Fund Yield + 8.25%), 03/13/28 (a) (f) | 750 | 779 |
| Marlon Ltd. |  |  |
| 11.22%, (JPMorgan US Treasury Money Market Fund Yield + 7.31%), 06/07/27 (a) (f) | 1775 | 1883 |
| Meadows Ltd. |  |  |
| 15.34%, (3 Month Treasury + 11.50%), 12/07/29 (a) (f) | 1000 | 995 |
| Meritage Re Ltd. |  |  |
| 0.00%, (1 Month Treasury + 5.50%), 03/08/29 (a) (f) | 1000 | 1000 |
| Palm Re Ltd. |  |  |
| 11.43%, (Dreyfus Treasury Securities Cash Management Fund Yield + 7.75%), 06/07/28 (a) (f) | 750 | 783 |
| Purple Re Ltd. |  |  |
| 10.95%, (1 Month Treasury + 7.25%), 06/07/28 (a) (f) | 1750 | 1844 |
| 11.45%, (1 Month Treasury + 7.75%), 06/07/28 (a) (f) | 500 | 519 |
| Winston Re Ltd. |  |  |
| 13.99%, (Dreyfus Treasury Securities Cash Management Fund Yield + 10.21%), 02/26/27 (a) (f) | 1300 | 1379 |
| 10.28%, (Dreyfus Treasury Securities Cash Management Fund Yield + 6.50%), 02/21/28 (a) (f) | 750 | 773 |
|  |  | 17008 |
| **Earthquakes 1.6%** | **Earthquakes 1.6%** | **Earthquakes 1.6%** |
| Sutter Re Ltd. |  |  |
| 10.51%, (Federated Hermes US Treasury Cash Reserves Fund Yield + 6.75%), 06/19/26 (a) (f) | 1000 | 1016 |
| Torrey Pines Re Ltd. |  |  |
| 9.09%, (JPMorgan US Treasury Money Market Fund Yield + 5.31%), 06/05/26 (a) (f) | 1000 | 1007 |
| 10.25%, (BlackRock Liquidity Funds Treasury Trust Fund Portfolio Fund Yield + 6.50%), 06/07/28 (a) (f) | 500 | 515 |
| Turris Re Ltd. |  |  |
| 6.16%, (JPMorgan US Treasury Money Market Fund Yield + 2.40%), 01/08/29 (a) (f) | 600 | 599 |
| Ursa Re II Ltd. |  |  |
| 11.61%, (3 Month Treasury + 7.75%), 06/07/28 (a) (f) | 500 | 499 |
| 12.77%, (BlackRock Liquidity Funds Treasury Trust Fund Portfolio Fund Yield + 9.00%), 06/07/28 (a) (f) | 1250 | 1277 |
| 8.86%, (3 Month Treasury + 5.00%), 12/07/29 (a) (f) | 750 | 749 |
| Veraison Re Ltd. |  |  |
| 8.47%, (Goldman Sachs Financial Square Treasury Instruments Fund Yield + 4.74%), 03/08/27 (a) (f) | 1000 | 1030 |
| 7.23%, (Goldman Sachs Financial Square Treasury Instruments Fund Yield + 3.50%), 03/08/28 (a) (f) | 1500 | 1530 |
| 8.73%, (Goldman Sachs Financial Square Treasury Instruments Fund Yield + 5.00%), 03/08/28 (a) (f) | 1000 | 1029 |
|  |  | 9251 |
| **Cyber 0.2%** | **Cyber 0.2%** | **Cyber 0.2%** |
| PoleStar Re Ltd. |  |  |
| 12.68%, (3 Month Treasury + 9.00%), 01/08/29 (a) (f) | 1000 | 999 |
| Total Catastrophe Bonds (cost $86,618) | Total Catastrophe Bonds (cost $86,618) | 89130 |
| **DIRECT ACCESS LENDING 12.5%** | **DIRECT ACCESS LENDING 12.5%** | **DIRECT ACCESS LENDING 12.5%** |
| **Financials 6.2%** | **Financials 6.2%** | **Financials 6.2%** |
| Axonic Coinvest II, LP (e) (k) | 8000 | 6542 |
| Eiger Funding (PCC) Ltd. (e) (k) | 8107 | 12542 |
| EJF CRT 2024-R1 LLC |  |  |
| 12.12%, (SOFR + 7.75%), 02/15/43 (a) (c) (e) | 5178 | 5181 |
| Harvest Commercial Capital, LLC |  |  |
| 11.25%, 11/30/26 (c) (e) | 8894 | 8909 |
| Northleaf Chorus Investors LP (e) (k) | 7500 | 2811 |
|  |  | 35985 |
| **Industrials 3.0%** | **Industrials 3.0%** | **Industrials 3.0%** |
| Construction Finance Holdings LLC (e) (k) | 7667 |  |
| Construction Finance Holdings LLC |  |  |
| 0.00%, 12/12/30 (a) (c) (e) | 2333 | 2353 |
| HCM 2021-1, LLC (e) (k) | 12000 | 12352 |
| Ironwood Funding XIV LLC (e) (k) | 4176 | 2692 |
|  |  | 17397 |

---

------

#### Jackson Credit Opportunities Fund (Unaudited)

#### Schedule of Investments (in thousands)
December 31, 2025

---

| | | |
|:---|:---|:---|
| | **Shares/Par<sup>1</sup>** | **Value ($)** |
| **Consumer Discretionary 1.6%** | **Consumer Discretionary 1.6%** | **Consumer Discretionary 1.6%** |
| AX Southeast Loan Investor LLC (e) (k) | 8000 | 9586 |
| **Non-U.S. Government Agency Asset-Backed Securities 1.1%** | **Non-U.S. Government Agency Asset-Backed Securities 1.1%** | **Non-U.S. Government Agency Asset-Backed Securities 1.1%** |
| Upgrade Master Pass-Thru Trust |  |  |
| Series 2025-ST1-CRT1, 0.00%, 04/15/32 (c) (e) | 11000 | 6462 |
| **Communication Services 0.6%** | **Communication Services 0.6%** | **Communication Services 0.6%** |
| Cutting Edge Group |  |  |
| 11.70%, (SOFR + 8.00%), 07/31/29 (a) (c) (e) | 179 | 175 |
| 12.29%, (SOFR + 8.00%), 07/31/29 (a) (c) (e) | 3330 | 3258 |
|  |  | 3433 |
| Total Direct Access Lending (cost $69,177) | Total Direct Access Lending (cost $69,177) | 72863 |
| **GOVERNMENT AND AGENCY OBLIGATIONS 5.2%** | **GOVERNMENT AND AGENCY OBLIGATIONS 5.2%** | **GOVERNMENT AND AGENCY OBLIGATIONS 5.2%** |
| **Sovereign 4.7%** | **Sovereign 4.7%** | **Sovereign 4.7%** |
| Arab Republic of Egypt |  |  |
| 8.70%, 03/01/49 (e) | 1380 | 1377 |
| Departamento Administrativo De La Presidencia De La Republica |  |  |
| 7.50%, 02/02/34 | 2250 | 2346 |
| 6.50%, 11/26/38, EUR | 244 | 277 |
| Federal Government of Nigeria |  |  |
| 8.75%, 01/21/31 (e) | 790 | 861 |
| 8.63%, 01/13/36 (e) | 200 | 215 |
| 7.70%, 02/23/38 (e) | 1370 | 1372 |
| 8.25%, 09/28/51 (e) | 200 | 196 |
| Ghana, Government of |  |  |
| 5.00%, 07/03/35 (f) (i) | 984 | 899 |
| Gobierno de la Provincia de Buenos Aires |  |  |
| 6.63%, 09/01/37 (a) (e) (i) | 1258 | 966 |
| Gobierno de la Republica de Guatemala |  |  |
| 6.60%, 06/13/36 (e) | 1160 | 1248 |
| Gobierno De La Republica De Honduras |  |  |
| 8.63%, 11/27/34 (e) | 1480 | 1671 |
| Gobierno de la Republica del Ecuador |  |  |
| 6.90%, 07/31/30 - 07/31/35 (e) (i) | 1787 | 1638 |
| Gobierno de La Republica del Paraguay |  |  |
| 6.65%, 03/04/55 (e) | 520 | 567 |
| Government of Commonwealth of the Bahamas |  |  |
| 8.25%, 06/24/36 (e) | 660 | 737 |
| Government of the People's Republic of Benin |  |  |
| 7.96%, 02/13/38 (e) | 770 | 798 |
| Government of the Republic of Zambia |  |  |
| 5.75%, 06/30/33 (e) (i) | 1109 | 1089 |
| People's Government of Inner Mongolia Autonomous Region |  |  |
| 7.88%, 06/05/29 (e) | 310 | 330 |
| 4.45%, 07/07/31 (e) | 500 | 460 |
| Presidence de la Republique de Cote d'Ivoire |  |  |
| 4.88%, 01/30/32, EUR (e) | 1050 | 1195 |
| 6.63%, 03/22/48, EUR (e) | 1410 | 1496 |
| Presidencia De La Nacion |  |  |
| 0.75%, 07/09/30 (i) | 874 | 743 |
| 4.13%, 07/09/35 (i) | 260 | 193 |
| Presidencia de la Republica de El Salvador |  |  |
| 9.50%, 07/15/52 (e) | 510 | 575 |
| Presidencia de la Republica Dominicana |  |  |
| 7.05%, 02/03/31 (e) | 540 | 582 |
| Republic of Suriname, Government of the |  |  |
| 8.50%, 11/06/35 (e) | 300 | 326 |
| Republica de Angola |  |  |
| 9.38%, 05/08/48 (e) | 760 | 668 |
| Romania, Government of |  |  |
| 6.38%, 09/18/33, EUR (e) | 1681 | 2115 |
| South Africa, Parliament of |  |  |
| 5.75%, 09/30/49 | 1490 | 1255 |
| The Democratic Socialist Republic of Sri Lanka |  |  |
| 3.60%, 02/15/38 (e) (i) | 620 | 565 |
| 3.60%, 02/15/38 (f) (i) | 1091 | 994 |
|  |  | 27754 |
| **Collateralized Mortgage Obligations 0.5%** | **Collateralized Mortgage Obligations 0.5%** | **Collateralized Mortgage Obligations 0.5%** |
| Connecticut Avenue Securities Trust 2022-R02 |  |  |
| Series 2022-2B1-R02, REMIC, 8.37%, (SOFR 30-Day Average + 4.50%), 01/27/42 (a) | 606 | 626 |
| Connecticut Avenue Securities Trust 2022-R08 |  |  |
| Series 2022-1B1-R08, REMIC, 9.47%, (SOFR 30-Day Average + 5.60%), 07/25/42 (a) | 175 | 186 |
| Federal Home Loan Mortgage Corporation |  |  |
| Series 2021-B1-HQA4, REMIC, 7.62%, (SOFR 30-Day Average + 3.75%), 12/25/30 (a) | 745 | 762 |
| Series 2021-B1-HQA3, REMIC, 7.22%, (SOFR 30-Day Average + 3.35%), 09/25/41 (a) | 890 | 903 |
| Freddie Mac MSCR Trust MN8 |  |  |
| Series 2024-M1-MN8, REMIC, 6.72%, (SOFR 30-Day Average + 2.85%), 05/25/29 (a) | 267 | 271 |
|  |  | 2748 |
| Total Government And Agency Obligations (cost $27,965) | Total Government And Agency Obligations (cost $27,965) | 30502 |
| **NON-U.S. GOVERNMENT AGENCY ASSET-BACKED SECURITIES 3.8%** | **NON-U.S. GOVERNMENT AGENCY ASSET-BACKED SECURITIES 3.8%** | **NON-U.S. GOVERNMENT AGENCY ASSET-BACKED SECURITIES 3.8%** |
| 1211 Avenue of The Americas |  |  |
| Series 2015-C-1211, REMIC, 4.14%, 08/10/35 (a) | 355 | 333 |
| BAMLL Trust 2024-BHP |  |  |
| Series 2024-B-BHP, REMIC, 6.65%, (1 Month Term SOFR + 2.90%), 08/17/26 (a) | 100 | 101 |
| Bank5 2025-5YR17 |  |  |
| Series 2025-D-5YR17, REMIC, 4.50%, 10/18/30 | 220 | 195 |
| Bayview Opportunity Master Fund VII 2025-EDU1 LLC |  |  |
| Series 2025-B-EDU1, REMIC, 5.57%, (SOFR 30-Day Average + 1.70%), 07/27/48 (a) | 741 | 740 |
| Series 2025-C-EDU1, REMIC, 5.67%, (SOFR 30-Day Average + 1.80%), 07/27/48 (a) | 278 | 278 |
| Series 2025-D-EDU1, REMIC, 6.12%, (SOFR 30-Day Average + 2.25%), 07/27/48 (a) | 243 | 243 |
| BBCMS Mortgage Trust 2024-5C31 |  |  |
| Series 2024-D-5C31, REMIC, 4.25%, 12/17/29 | 386 | 341 |
| Benchmark 2020-B16 Mortgage Trust |  |  |
| Series 2020-B-B16, REMIC, 3.18%, 01/17/30 (a) | 373 | 331 |
| Series 2020-C-B16, REMIC, 3.52%, 01/17/30 (a) | 298 | 251 |
| Benchmark 2020-B19 Mortgage Trust |  |  |
| Series 2020-AS-B19, REMIC, 2.15%, 09/17/30 | 405 | 341 |
| Series 2020-B-B19, REMIC, 2.35%, 09/17/30 | 156 | 123 |
| Benchmark 2024-V5 Mortgage Trust |  |  |
| Series 2024-C-V5, REMIC, 6.97%, 01/12/29 (a) | 55 | 56 |
| BFLD Commercial Mortgage Trust 2025-5MW |  |  |
| Series 2025-D-5MW, REMIC, 6.37%, 10/11/30 (a) | 113 | 115 |
| BMO 2024-5C3 Mortgage Trust |  |  |
| Series 2024-C-5C3, REMIC, 6.86%, 02/16/29 (a) | 241 | 248 |
| BMO 2024-5C6 Mortgage Trust |  |  |
| Series 2024-D-5C8, REMIC, 4.50%, 12/15/57 | 281 | 257 |
| Business Jet Securities 2024-1, LLC |  |  |
| Series 2024-B-1A, 6.92%, 05/15/30 | 220 | 223 |
| Business Jet Securities 2024-2, LLC |  |  |
| Series 2024-B-2A, 5.75%, 09/15/30 | 312 | 308 |
| BX Commercial Mortgage Trust 2018-BIOA |  |  |
| Series 2025-C-JDI, REMIC, 5.65%, (1 Month Term SOFR + 1.90%), 11/15/27 (a) | 200 | 200 |
| BX Commercial Mortgage Trust 2024-XL5 |  |  |
| Series 2024-D-XL5, REMIC, 6.44%, (1 Month Term SOFR + 2.69%), 03/15/26 (a) | 70 | 70 |
| BX Trust |  |  |
| Series 2024-C-BIO, REMIC, 6.39%, (1 Month Term SOFR + 2.64%), 02/15/29 (a) | 278 | 275 |
| BX Trust 2024-VLT4 |  |  |
| Series 2024-E-VLT4, REMIC, 6.64%, (1 Month Term SOFR + 2.89%), 06/15/26 (a) | 100 | 100 |
| BX Trust 2025-GW |  |  |
| Series 2025-D-GW, REMIC, 6.71%, (1 Month Term SOFR + 2.75%), 07/15/42 (a) | 100 | 100 |
| BX Trust 2025-VLT7 |  |  |
| Series 2025-D-VLT7, REMIC, 7.00%, (1 Month Term SOFR + 3.25%), 07/15/30 (a) | 100 | 100 |
| BX Trust 2025-VOLT |  |  |
| Series 2025-D-VOLT, REMIC, 6.75%, (1 Month Term SOFR + 3.00%), 12/16/30 (a) | 749 | 748 |

---

------

#### Jackson Credit Opportunities Fund (Unaudited)

#### Schedule of Investments (in thousands)
December 31, 2025

---

| | | |
|:---|:---|:---|
| | **Shares/Par<sup>1</sup>** | **Value ($)** |
| Castlelake Aircraft Structured Trust 2025-1 |  |  |
| Series 2025-C-1A, 7.75%, 08/15/30 (i) | 393 | 385 |
| CFCRE 2016-C4 Mortgage Trust |  |  |
| Series 2016-D-C4, REMIC, 4.77%, 05/12/26 (a) | 291 | 285 |
| CHI Commercial Mortgage Trust 2025-SFT |  |  |
| Series 2025-D-110W, REMIC, 6.63%, 12/13/30 (a) | 911 | 915 |
| COMM 2024-CBM Mortgage Trust |  |  |
| Series 2024-D-CBM, REMIC, 7.93%, 12/12/29 (a) | 330 | 341 |
| COMM 2025-167G Mortgage Trust |  |  |
| Series 2025-E-167G, REMIC, 8.20%, 08/12/30 (a) | 557 | 563 |
| CONE Trust 2024-DFW1 |  |  |
| Series 2024-D-DFW1, REMIC, 6.79%, (1 Month Term SOFR + 3.04%), 08/15/41 (a) | 242 | 242 |
| Consolidated Communications LLC/Fidium Fiber Finance |  |  |
| Series 2025-C-1A, 9.41%, 05/20/30 | 1000 | 1048 |
| DC Office Trust 2019-MTC |  |  |
| Series 2019-D-MTC, REMIC, 3.07%, 11/17/29 (a) | 387 | 332 |
| ELM Trust 2024-ELM |  |  |
| Series 2024-D10-ELM, REMIC, 6.85%, 06/11/27 (a) | 278 | 279 |
| Series 2024-D15-ELM, REMIC, 6.90%, 06/11/27 (a) | 325 | 326 |
| GreenSky Home Improvement Issuer Trust 2025-1 |  |  |
| Series 2025-D-1A, 6.22%, 03/25/60 | 832 | 848 |
| GS Mortgage Securities Trust 2016-GS2 |  |  |
| Series 2016-C-GS2, REMIC, 4.69%, 05/12/26 (a) | 286 | 280 |
| GS Mortgage Securities Trust 2017-GS6 |  |  |
| Series 2017-B-GS6, REMIC, 3.87%, 05/12/27 | 185 | 164 |
| GS Mortgage Securities Trust 2018-GS10 |  |  |
| Series 2018-C-GS10, REMIC, 4.40%, 07/12/28 (a) | 40 | 28 |
| J.P. Morgan Chase Commercial Mortgage Securities Trust 2022-OPO |  |  |
| Series 2022-C-OPO, REMIC, 3.45%, 01/08/27 (a) | 568 | 474 |
| MAD Commercial Mortgage Trust 2025-11MD |  |  |
| Series 2025-D-11MD, REMIC, 6.36%, 10/18/30 (a) (l) | 399 | 401 |
| Series 2025-E-11MD, REMIC, 7.33%, 10/18/30 (a) (l) | 510 | 513 |
| MED Commercial Mortgage Trust 2024-MOB |  |  |
| Series 2024-C-MOB, REMIC, 6.04%, (1 Month Term SOFR + 2.29%), 05/15/26 (a) | 411 | 407 |
| MetroNet Infrastructure Issuer LLC |  |  |
| Series 2025-C-2A, 7.83%, 08/20/30 | 695 | 713 |
| Morgan Stanley Residential Mortgage Loan Trust 2025-NQM2 |  |  |
| Series 2025-M1-NQM2, 6.52%, 01/25/70 (a) | 822 | 834 |
| New Residential Mortgage LLC |  |  |
| Series 2024-A-FNT1, 7.40%, 11/25/29 (i) | 573 | 579 |
| NRZ FHT Excess LLC |  |  |
| Series 2025-A-FHT1, 6.55%, 03/25/32 (f) (i) | 701 | 712 |
| NYC Commercial Mortgage Trust 2025-3BP |  |  |
| Series 2025-D-3BP, REMIC, 6.19%, (1 Month Term SOFR + 2.50%), 02/16/27 (a) | 251 | 250 |
| OBX 2025-HE1 Trust |  |  |
| Series 2025-M2-HE1, 6.22%, (SOFR 30-Day Average + 2.15%), 02/25/55 (a) | 266 | 261 |
| ONE 2021-PARK Mortgage Trust |  |  |
| Series 2021-E-PARK, REMIC, 5.61%, (1 Month Term SOFR + 1.86%), 03/15/28 (a) | 466 | 440 |
| One Market Plaza Trust 2017-1MKT |  |  |
| Series 2017-B-1MKT, REMIC, 3.85%, 02/10/32 | 106 | 100 |
| ORL 2024-GLKS Mortgage Trust |  |  |
| Series 2024-D-GLKS, REMIC, 6.54%, (1 Month Term SOFR + 2.79%), 12/15/26 (a) | 100 | 100 |
| PRM Trust 2025-PRM6 |  |  |
| Series 2025-E-PRM6, REMIC, 6.58%, 07/05/28 (a) | 833 | 835 |
| SFO Commercial Mortgage Trust 2021-555 |  |  |
| Series 2021-D-555, REMIC, 6.27%, (1 Month Term SOFR + 2.51%), 05/15/28 (a) | 410 | 407 |
| Sierra Timeshare 2022-2 Receivables Funding LLC |  |  |
| Series 2022-D-2A, 9.22%, 06/20/40 | 256 | 261 |
| Sierra Timeshare 2024-3 Receivables Funding LLC |  |  |
| Series 2024-D-3A, 6.93%, 08/20/41 | 244 | 244 |
| Sierra Timeshare 2025-1 Receivables Funding LLC |  |  |
| Series 2025-D-1A, 6.86%, 01/21/42 | 444 | 447 |
| SMRT 2022-MINI |  |  |
| Series 2022-E-MINI, REMIC, 6.45%, (1 Month Term SOFR + 2.70%), 01/18/39 (a) | 385 | 383 |
| U.S. Bank National Association |  |  |
| Series 2025-D-SUP1, 6.57%, (SOFR 30-Day Average + 2.70%), 02/25/32 (a) | 274 | 274 |
| Verus Securitization Trust 2025-3 |  |  |
| Series 2025-M1-3, REMIC, 6.65%, 05/25/70 (a) | 270 | 276 |
| Volofin Finance (Ireland) Designated Activity Company |  |  |
| Series 2024-B-1A, 6.21%, 11/17/31 | 174 | 179 |
| Wells Fargo Commercial Mortgage Trust 2017-C39 |  |  |
| Series 2017-C-C39, REMIC, 4.12%, 08/17/27 | 143 | 133 |
| Willis Engine Structured Trust VIII |  |  |
| Series 2025-B-A, 6.07%, 06/16/31 (i) | 279 | 280 |
| Wireless Propco Funding LLC |  |  |
| Series 2025-B-1A, 4.30%, 06/25/30 | 660 | 637 |
| Total Non-U.S. Government Agency Asset-Backed Securities (cost $22,143) | Total Non-U.S. Government Agency Asset-Backed Securities (cost $22,143) | 22253 |
| **WARRANTS 0.0%** | **WARRANTS 0.0%** | **WARRANTS 0.0%** |
| Construction Finance Holdings LLC (c) (m) | 83 | 140 |
| Total Warrants (cost $0) | Total Warrants (cost $0) | 140 |
| **COMMON STOCKS 0.0%** | **COMMON STOCKS 0.0%** | **COMMON STOCKS 0.0%** |
| **Industrials 0.0%** | **Industrials 0.0%** | **Industrials 0.0%** |
| LuxCo 3 (c) (m) | 2 | 27 |
| Total Common Stocks (cost $25) | Total Common Stocks (cost $25) | 27 |
| **SHORT TERM INVESTMENTS 1.3%** | **SHORT TERM INVESTMENTS 1.3%** | **SHORT TERM INVESTMENTS 1.3%** |
| **Investment Companies 1.3%** | **Investment Companies 1.3%** | **Investment Companies 1.3%** |
| JNL Government Money Market Fund - Class I, 3.64% (n) (o) | 7620 | 7620 |
| Total Short Term Investments (cost $7,620) | Total Short Term Investments (cost $7,620) | 7620 |
| **Total Investments 99.8% (cost $571,709)** | **Total Investments 99.8% (cost $571,709)** | **581787** |
| **Other Derivative Instruments (0.1)%** | **Other Derivative Instruments (0.1)%** | (314) |
| **Other Assets and Liabilities, Net 0.3%** | **Other Assets and Liabilities, Net 0.3%** | **1424** |
| **Total Net Assets 100.0%** | **Total Net Assets 100.0%** | **582897** |

---

(a) Security has a variable rate. Interest rates reset periodically. Rate stated was in effect as of December 31, 2025. For securities based on a published reference rate and spread, the reference rate and spread are presented. Certain variable rate securities do not indicate a reference rate and spread because they are determined by the issuer, remarketing agent, or offering documents and are based on current market conditions. The coupon rate for securities with certain features outlined in the offering documents may vary from the stated reference rate and spread. This includes, but is not limited to, securities with deferred rates, contingent distributions, caps, floors, and fixed-rate to float-rate features. In addition, variable rates for government and agency collateralized mortgage obligations ("CMO") and mortgage-backed securities ("MBS") are determined by tranches of underlying mortgage-backed security pools' cash flows into securities and pass-through rates which reflect the rate earned on the asset pool after management and guarantee fees are paid to the securitizing corporation. CMO and MBS variable rates are determined by a formula set forth in the security's offering documents.

(b) This senior floating rate interest will settle after December 31, 2025. If a reference rate and spread is presented, it will go into effect upon settlement.

(c) Security fair valued in good faith as a Level 3 security in accordance with the procedures approved by the Board of Trustees. Good faith fair valued securities are classified based on the applicable valuation inputs. See "Fair Value Measurement" in the Notes to Schedule of Investments.

(d) Perpetual security. Next contractual call price and date are presented in parentheses, if applicable.

(e) Security is restricted to resale to institutional investors or subject to trading restrictions due to sanctions on foreign issuers. See Restricted Securities table following the Schedule of Investments.

(f) Security is exempt from registration under the Securities Act of 1933, as amended. As of December 31, 2025, the value and the percentage of net assets of these

------

#### Jackson Credit Opportunities Fund (Unaudited)

#### Schedule of Investments (in thousands)
December 31, 2025

securities was $172,564 and 29.6% of the Fund.

(g) Convertible security.

(h) Pay-in-kind security. Stated coupon is the pay-in-kind rate. The interest earned by the security may be paid in cash or additional par.

(i) Security is a step-up bond where the coupon may increase or step up at a future date or as the result of an upgrade or downgrade to the credit rating of the issuer. Rate stated was the coupon as of December 31, 2025.

(j) The interest rate for this security is inversely affected by upgrades or downgrades to the credit rating of the issuer. Rate stated was the coupon as of December 31, 2025.

(k) Security fair valued using the NAV per share practical expedient in accordance with the procedures approved by the Board of Trustees. Good faith fair valued securities are classified based on the applicable valuation inputs. See "Fair Value Measurement" in the Notes to Schedule of Investments.

(l) The coupon rate represents the weighted average coupon and may differ from the stated coupon rate.

(m) Non-income producing security.

(n) Investment in affiliate.

(o) Yield changes daily to reflect current market conditions. Rate was the quoted yield as of December 31, 2025.

---

| | | |
|:---|:---|:---|
| **Unfunded Commitments** | **Unfunded Commitments** | **Unfunded Commitments** |
|  | **Unfunded Commitment ($)** | **Unrealized Appreciation / (Depreciation)($)** |
| Archkey Solutions LLC, 2024 Delayed Draw Term Loan B, SOFR + 4.25% | 103 | 1 |
| CP Iris HoldCo I, Inc., 2025 Delayed Draw Term Loan, SOFR + 4.00% | 220 | (2) |
| Cutting Edge Group, SOFR + 8.00% | 966 | (1) |
| Harvest Commercial Capital, LLC | 1106 | 2 |
| Peninsula Pacific Entertainment, LLC, 2025 Delayed Draw Term Loan, SOFR + 4.75% | 380 | 5 |
| Radiate Holdco, LLC, 2025 Delayed Draw Term Loan, 1 Month Term SOFR + 4.00% | 670 | (5) |
| Raven Acquisition Holdings LLC, Delayed Draw Term Loan, 3 Month Term SOFR + 3.25% | 133 | 1 |
|  | 3578 | 1 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Interests** | **Investment Interests** | **Investment Interests** | **Investment Interests** | **Investment Interests** |
|  |  | **Lockup Period** | **Redemption Notice** | **Termination Date**  |
| AX Southeast Loan Investor LLC | An off-market, fund-level NAV loan to a multi-family owner/developer. | N/A | N/A | N/A |
| Axonic Coinvest II, LP | Controlling tranches of a CMBS SASB securitization backed by department stores. | N/A | N/A | 03/31/26 |
| Eiger Funding (PCC) Ltd. | Mezzanine loan backed by a London hotel with ~200 keys. | Termination | N/A | 01/21/28† |
| HCM 2021-1, LLC | A special purpose vehicle ("SPV") that invests in the subordinated bonds of Freddie Mac Small Balance Loans ("SBL") multifamily securitization at new issue. | 9 months | 6 months | N/A |
| Ironwood Funding XIV LLC | A senior secured draw down debt facility to a consumer NPL buyer to fund the purchase of charged-off consumer receivables, alongside the originator, an asset-based credit manager. | Termination | N/A | 08/01/28† |
| Northleaf Chorus Investors LP | A preferred equity transaction to a music royalties platform to support the acquisition of royalty assets in a recently established investment pool. | Termination | N/A | 03/19/30† |

---

†Termination date represents the expected maturity of underlying investments held by the entity.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Restricted Securities** | **Restricted Securities** | **Restricted Securities** | **Restricted Securities** | **Restricted Securities** |
|  | **Initial Acquisition** | **Cost ($)** | **Value ($)** | **Percent of**<br>**Net Assets (%)** |
| A2a S.p.A., 5.00% (callable at 100, 06/11/29) | 08/05/24 | 217 | 242 |  |
| AA Bond Co Limited, 6.85%, 07/31/31 | 10/23/24 | 132 | 144 |  |
| Abertis Infraestructuras Finance B.V., 4.87% (callable at 100, 11/28/29) | 02/19/25 | 443 | 483 | 0.1 |
| ABN AMRO Bank N.V., 6.38% (callable at 100, 09/22/34) | 01/28/25 | 430 | 501 | 0.1 |
| ABN AMRO Bank N.V., 6.88% (callable at 100, 09/22/31) | 01/28/25 | 444 | 513 | 0.1 |
| Accor, 7.25% (callable at 100, 01/11/29) | 12/05/23 | 230 | 258 | 0.1 |
| Ahlstrom Holding 3 Oy, 3.63%, 02/04/28 | 05/14/24 | 211 | 233 |  |
| Air France - KLM, 4.63%, 05/23/29 | 10/23/24 | 216 | 243 |  |
| Akbank Turk Anonim Sirketi, 6.80%, 06/22/31 | 07/17/25 | 300 | 302 | 0.1 |
| Albion Financing 1 S.a r.l., 5.38%, 05/21/30 | 07/23/25 | 181 | 181 |  |
| Alexandrite Monnet UK HoldCo PLC, 10.50%, 05/15/29 | 07/09/24 | 221 | 253 | 0.1 |
| Allied Universal Holdco LLC, 3.63%, 06/01/28 | 10/16/25 | 232 | 233 |  |
| Allied Universal Holdco LLC, 4.88%, 06/01/28 | 11/20/25 | 128 | 131 |  |
| Allwyn Entertainment Financing (UK) PLC, 7.25%, 04/30/30 | 12/05/23 | 221 | 249 | 0.1 |
| Almaviva - The Italian Innovation Company S.p.A. In Breve Almaviva S.p.A., 5.00%, 10/30/30 | 05/21/25 | 234 | 237 |  |
| Altice France, 5.50%, 10/15/31 | 10/13/25 | 359 | 365 | 0.1 |
| Amber FinCo PLC, 6.63%, 07/15/29 | 10/22/24 | 223 | 246 |  |
| Arab Republic of Egypt, 8.70%, 03/01/49 | 07/17/25 | 1132 | 1377 | 0.2 |
| Aramark International Finance S.a r.l., 4.38%, 04/15/33 | 05/15/25 | 165 | 176 |  |
| Arqiva Broadcast Finance PLC, 8.63%, 07/01/30 | 09/15/25 | 285 | 278 | 0.1 |
| Assemblin Caverion Group AB, 6.25%, 07/01/30 | 10/22/24 | 403 | 427 | 0.1 |
| Atos SE, 9.36%, 12/18/29 | 02/19/25 | 449 | 537 | 0.1 |
| AX Southeast Loan Investor LLC | 11/08/24 | 8000 | 9586 | 1.7 |
| Axis Bank Limited, 4.10% (callable at 100, 09/08/26) | 01/10/24 | 277 | 296 | 0.1 |
| Axonic Coinvest II, LP | 10/01/24 | 6920 | 6542 | 1.1 |
| Azelis Finance, 4.75%, 09/25/29 | 05/21/25 | 116 | 120 |  |
| B&M European Value Retail S.A., 6.50%, 11/27/31 | 02/19/25 | 351 | 354 | 0.1 |
| Banco Actinver, S.A., Institucion de Banca Multiple, Grupo Financiero Actinver, 7.25%, 01/31/41 | 06/20/25 | 201 | 208 |  |
| Banco Bilbao Vizcaya Argentaria, S.A., 6.88% (callable at 100, 12/13/30) | 01/28/25 | 436 | 508 | 0.1 |

---

------

#### Jackson Credit Opportunities Fund (Unaudited)

#### Schedule of Investments (in thousands)
December 31, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Restricted Securities (continued)** | **Restricted Securities (continued)** | **Restricted Securities (continued)** | **Restricted Securities (continued)** | **Restricted Securities (continued)** |
|  | **Initial Acquisition** | **Cost ($)** | **Value ($)** | **Percent of**<br>**Net Assets (%)** |
| Banco Davivienda S A, 6.65% (callable at 100, 04/22/31) | 12/04/23 | 246 | 282 | 0.1 |
| Banco Mercantil Del Norte S.A., 6.63% (callable at 100, 01/24/32) | 10/22/24 | 199 | 211 |  |
| Banco Santander, S.A., 3.63% (callable at 100, 03/21/29) | 01/28/25 | 567 | 673 | 0.1 |
| Banque Ouest Africaine De Developpement, 4.70%, 10/22/31 | 12/04/23 | 220 | 221 |  |
| Banque Ouest Africaine De Developpement, 8.20%, 02/13/55 | 10/09/25 | 836 | 818 | 0.1 |
| Bayer Aktiengesellschaft, 5.38%, 03/25/82 | 05/08/24 | 305 | 361 | 0.1 |
| BCP V Modular Services Finance II PLC, 4.75%, 11/30/28 | 12/10/25 | 111 | 111 |  |
| BCP V Modular Services Finance II PLC, 6.50%, 07/10/31 | 11/27/25 | 108 | 109 |  |
| BCP V Modular Services Finance PLC, 6.75%, 11/30/29 | 05/22/25 | 103 | 91 |  |
| Beach Acquisition Bidco, LLC, 5.25%, 07/15/32 | 11/25/25 | 298 | 299 | 0.1 |
| Bellis Acquisition Company PLC, 8.13%, 05/14/30 | 10/23/24 | 128 | 125 |  |
| Benteler International Aktiengesellschaft, 7.25%, 06/15/31 | 09/10/25 | 251 | 252 | 0.1 |
| Bertrand Franchise Finance, 5.75%, 07/18/30 | 10/23/24 | 108 | 116 |  |
| Boels Topholding B.V., 6.25%, 02/15/29 | 12/05/23 | 136 | 151 |  |
| Boels Topholding B.V., 5.75%, 05/15/30 | 05/21/25 | 116 | 121 |  |
| Boots Group Finco LP, 5.38%, 08/31/32 | 10/16/25 | 241 | 242 |  |
| British Telecommunications Public Limited Company, 8.38%, 12/20/83 | 12/04/23 | 487 | 520 | 0.1 |
| Bubbles BidCo S.p.A., 6.50%, 09/30/31 | 01/07/25 | 159 | 181 |  |
| CAB, 3.38%, 02/01/28 | 07/22/25 | 344 | 350 | 0.1 |
| CaixaBank, S.A., 7.50% (callable at 100, 01/16/30) | 01/28/25 | 225 | 260 | 0.1 |
| Castello (BC) Bidco S.p.A., 6.50%, 11/14/31 | 05/29/25 | 155 | 161 |  |
| Castellum Aktiebolag, 3.13% (callable at 100, 12/02/26) | 10/22/24 | 156 | 174 |  |
| CD&R Firefly Bidco PLC, 8.63%, 04/30/29 | 04/14/25 | 133 | 141 |  |
| Ceconomy AG, 6.25%, 07/15/29 | 10/22/24 | 361 | 406 | 0.1 |
| Centrient Holding B.V., 6.75%, 05/30/30 | 07/23/25 | 120 | 105 |  |
| Cheplapharm Arzneimittel GmbH, 7.50%, 05/15/30 | 12/06/23 | 330 | 365 | 0.1 |
| Cirsa Finance International S.a r.l., 6.50%, 03/15/29 | 11/26/25 | 301 | 305 | 0.1 |
| CMA CGM, 5.00%, 01/15/31 | 10/06/25 | 238 | 235 |  |
| COMMERZBANK Aktiengesellschaft, 7.88% (callable at 100, 07/02/29) | 01/28/25 | 454 | 529 | 0.1 |
| Construction Finance Holdings LLC | 12/15/25 |  |  |  |
| Construction Finance Holdings LLC, 0.00%, 12/12/30 | 12/15/25 | 2333 | 2353 | 0.4 |
| Co-operative Group Limited, 7.50%, 07/08/26 | 12/04/23 | 332 | 353 | 0.1 |
| Coventry Building Society, 8.75% (callable at 100, 06/11/29) | 01/28/25 | 383 | 433 | 0.1 |
| CPI Property Group, 3.75% (callable at 100, 04/27/28) | 06/17/25 | 104 | 103 |  |
| CPI Property Group, 7.50% (callable at 100, 03/24/31) | 06/25/25 | 231 | 222 |  |
| CPI Property Group, 4.00%, 01/22/28 | 10/22/24 | 243 | 256 | 0.1 |
| CPI Property Group, 1.75%, 01/14/30 | 10/23/24 | 141 | 150 |  |
| CSN Islands XI Corp., 6.75%, 01/28/28 | 07/17/25 | 335 | 324 | 0.1 |
| CT Investment GmbH, 6.38%, 04/15/30 | 10/22/24 | 221 | 244 |  |
| CTEC II GmbH, 5.25%, 02/15/30 | 10/23/24 | 210 | 219 |  |
| Cullinan Holdco SCSp, 8.50%, 10/15/29 | 09/04/25 | 90 | 95 |  |
| Currenta Group Holdings S.a r.l., 5.50%, 05/15/30 | 07/02/25 | 300 | 296 | 0.1 |
| Cutting Edge Group, 11.70%, 07/31/29 | 06/01/24 | 179 | 175 |  |
| Cutting Edge Group, 12.29%, 07/31/29 | 07/02/25 | 111 | 109 |  |
| Cutting Edge Group, 12.29%, 07/31/29 | 04/02/24 | 3169 | 3149 | 0.5 |
| Dana Financing Luxembourg S.a r.l., 8.50%, 07/15/31 | 10/23/24 | 114 | 126 |  |
| Darling Global Finance B.V., 4.50%, 07/15/32 | 08/04/25 | 234 | 238 |  |
| Deutsche Bank Aktiengesellschaft, 8.13% (callable at 100, 10/30/29) | 01/28/25 | 219 | 255 | 0.1 |
| Deutsche Lufthansa Aktiengesellschaft, 5.25%, 01/15/55 | 03/06/25 | 216 | 244 |  |
| Dufry One B.V., 4.50%, 05/23/32 | 07/17/25 | 297 | 304 | 0.1 |
| Edge Finco PLC, 8.13%, 08/15/31 | 05/21/25 | 280 | 286 | 0.1 |
| EDP, S.A., 4.75%, 05/29/54 | 07/09/24 | 452 | 484 | 0.1 |
| EDP, S.A., 4.63%, 09/16/54 | 09/01/25 | 120 | 120 |  |
| Eiger Funding (PCC) Ltd. | 02/04/25 | 10126 | 12542 | 2.2 |
| EJF CRT 2024-R1 LLC, 12.12%, 02/15/43 | 07/15/24 | 5133 | 5181 | 0.9 |
| Electricite de France, 2.63% (callable at 100, 12/01/27) | 06/03/24 | 825 | 917 | 0.2 |
| Electricite de France, 3.38% (callable at 100, 06/15/30) | 07/02/25 | 226 | 224 |  |
| Electricite de France, 7.50% (callable at 100, 09/06/28) | 12/04/23 | 226 | 256 | 0.1 |
| Elior Group, 5.63%, 03/15/30 | 05/15/25 | 225 | 244 |  |
| Endeavour Mining PLC, 7.00%, 05/28/30 | 10/16/25 | 206 | 207 |  |
| Energizer Gamma Acquisition B.V., 3.50%, 06/30/29 | 10/23/24 | 103 | 113 |  |
| Engineering S.R.L., 11.13%, 05/15/28 | 05/21/25 | 118 | 124 |  |
| Ephios Subco 3 S.a r.l., 7.88%, 01/31/31 | 10/22/24 | 349 | 374 | 0.1 |
| Erste Group Bank AG, 7.00% (callable at 100, 04/15/31) | 01/28/25 | 441 | 507 | 0.1 |
| Essendi S.A., 5.50%, 11/15/31 | 08/08/25 | 239 | 240 |  |
| Eurofins Scientific SE, 6.75% (callable at 100, 04/24/28) | 10/22/24 | 333 | 374 | 0.1 |
| Eutelsat S.A., 2.25%, 07/13/27 | 03/06/25 | 203 | 233 |  |
| Federal Government of Nigeria, 8.75%, 01/21/31 | 12/01/23 | 778 | 861 | 0.2 |
| Federal Government of Nigeria, 8.63%, 01/13/36 | 11/05/25 | 200 | 215 |  |
| Federal Government of Nigeria, 7.70%, 02/23/38 | 06/04/25 | 1190 | 1372 | 0.2 |
| Federal Government of Nigeria, 8.25%, 09/28/51 | 03/27/24 | 166 | 196 |  |
| Fedrigoni S.p.A., 6.13%, 06/15/31 | 10/22/24 | 267 | 286 | 0.1 |

---

------

#### Jackson Credit Opportunities Fund (Unaudited)

#### Schedule of Investments (in thousands)
December 31, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Restricted Securities (continued)** | **Restricted Securities (continued)** | **Restricted Securities (continued)** | **Restricted Securities (continued)** | **Restricted Securities (continued)** |
|  | **Initial Acquisition** | **Cost ($)** | **Value ($)** | **Percent of**<br>**Net Assets (%)** |
| Flora Food Management B.V., 6.88%, 07/02/29 | 10/23/24 | 279 | 292 | 0.1 |
| Flutter Treasury Designated Activity Company, 5.00%, 04/29/29 | 10/23/24 | 165 | 182 |  |
| FNAC Darty, 6.00%, 04/01/29 | 10/23/24 | 233 | 243 |  |
| Food Service Project SL, 5.50%, 01/21/27 | 12/05/23 | 176 | 192 |  |
| Fortune Star (BVI) Limited, 5.05%, 01/27/27 | 11/29/24 | 319 | 323 | 0.1 |
| Forvia, 5.50%, 06/15/31 | 06/20/24 | 395 | 425 | 0.1 |
| Fresnillo PLC, 4.25%, 10/02/50 | 03/17/25 | 145 | 160 |  |
| Fressnapf Holding SE, 5.25%, 10/31/31 | 01/07/25 | 386 | 410 | 0.1 |
| Globalworth Real Estate Investments Limited, 6.25%, 03/31/30 | 01/09/25 | 291 | 337 | 0.1 |
| Gobierno de la Provincia de Buenos Aires, 6.63%, 09/01/37 | 06/04/25 | 908 | 966 | 0.2 |
| Gobierno de la Republica de Guatemala, 6.60%, 06/13/36 | 12/01/23 | 1176 | 1248 | 0.2 |
| Gobierno De La Republica De Honduras, 8.63%, 11/27/34 | 05/20/25 | 1548 | 1671 | 0.3 |
| Gobierno de la Republica del Ecuador, 6.90%, 07/31/30 | 08/13/24 | 446 | 580 | 0.1 |
| Gobierno de la Republica del Ecuador, 6.90%, 07/31/35 | 07/17/25 | 891 | 1058 | 0.2 |
| Gobierno de La Republica del Paraguay, 6.65%, 03/04/55 | 10/14/25 | 558 | 567 | 0.1 |
| Government of Commonwealth of the Bahamas, 8.25%, 06/24/36 | 06/17/25 | 664 | 737 | 0.1 |
| Government of the People's Republic of Benin, 7.96%, 02/13/38 | 08/19/25 | 759 | 798 | 0.1 |
| Government of the Republic of Zambia, 5.75%, 06/30/33 | 06/14/24 | 1024 | 1089 | 0.2 |
| Greenko Power II Limited, 4.30%, 12/13/28 | 07/17/25 | 144 | 144 |  |
| Greentown China Holdings Limited, 8.45%, 02/24/28 | 02/19/25 | 405 | 400 | 0.1 |
| Grifols Escrow Issuer S.A., 3.88%, 10/15/28 | 10/23/24 | 102 | 116 |  |
| Grifols, S.A., 7.50%, 05/01/30 | 10/22/24 | 640 | 678 | 0.1 |
| Grunenthal GmbH, 4.63%, 11/15/31 | 02/17/25 | 435 | 474 | 0.1 |
| Guala Closures S.p.A., 3.25%, 06/15/28 | 12/04/23 | 194 | 217 |  |
| Harvest Commercial Capital, LLC, 11.25%, 11/30/26 | 07/31/25 | 8894 | 8909 | 1.5 |
| HCM 2021-1, LLC | 09/18/24 | 11813 | 12352 | 2.1 |
| Heimstaden AB, 6.75% (callable at 100, 10/15/26) | 10/22/24 | 68 | 114 |  |
| Heimstaden AB, 8.38%, 01/29/30 | 08/04/25 | 242 | 249 | 0.1 |
| Heimstaden Bostad AB, 3.63% (callable at 100, 10/13/26) | 12/04/23 | 224 | 406 | 0.1 |
| Heimstaden Bostad AB, 6.25% (callable at 100, 12/04/29) | 09/01/25 | 120 | 123 |  |
| Heimstaden Bostad AB, 1.63%, 10/13/31 | 10/22/24 | 93 | 103 |  |
| Holding D'infrastructures Des Metiers De L'environnement, 4.88%, 10/24/29 | 02/19/25 | 463 | 487 | 0.1 |
| IHO Verwaltungs GmbH, 8.75%, 05/15/28 | 10/22/24 | 283 | 306 | 0.1 |
| IHS Holding Limited, 8.25%, 11/29/31 | 03/04/25 | 200 | 209 |  |
| Intesa Sanpaolo SPA, 7.00% (callable at 100, 05/20/32) | 01/28/25 | 446 | 508 | 0.1 |
| IQVIA Inc., 2.25%, 01/15/28 | 05/21/25 | 335 | 346 | 0.1 |
| Iron Mountain Incorporated, 4.75%, 01/15/34 | 10/28/25 | 117 | 114 |  |
| Ironwood Funding XIV LLC | 08/23/24 | 2745 | 2692 | 0.5 |
| Ironwood Funding XIV LLC | 03/31/25 |  |  |  |
| Jaguar Land Rover Automotive PLC, 4.50%, 07/15/28 | 05/21/25 | 345 | 355 | 0.1 |
| Jerrold Finco PLC, 7.50%, 06/15/31 | 08/04/25 | 273 | 275 | 0.1 |
| JSC Uzbekneftegaz, 8.75%, 05/07/30 | 10/09/25 | 545 | 545 | 0.1 |
| Kier Group PLC, 9.00%, 02/15/29 | 02/19/25 | 131 | 143 |  |
| Koninklijke KPN N.V., 4.88% (callable at 100, 06/18/29) | 10/31/25 | 120 | 121 |  |
| Koninklijke KPN N.V., 6.00% (callable at 100, 09/21/27) | 02/19/25 | 109 | 123 |  |
| Kronos International, Inc., 9.50%, 03/15/29 | 10/22/24 | 288 | 270 | 0.1 |
| Landesbank Baden-Wurttemberg, 6.75% (callable at 100, 10/15/30) | 01/28/25 | 207 | 245 |  |
| Lorca Telecom Bondco S.A., 4.00%, 09/18/27 | 12/05/23 | 83 | 88 |  |
| Loxama, 6.38%, 05/31/29 | 03/18/24 | 200 | 219 |  |
| Lune Holdings S.a r.l., 5.63%, 11/15/28 | 10/22/24 | 142 | 20 |  |
| Maison Finco PLC, 6.00%, 10/31/27 | 04/30/24 | 245 | 267 | 0.1 |
| Maya, 6.88%, 04/15/31 | 02/19/25 | 230 | 250 | 0.1 |
| MCE Finance Limited, 5.75%, 07/21/28 | 12/04/23 | 560 | 579 | 0.1 |
| Mehilainen Yhtiot Oy, 5.13%, 06/30/32 | 09/10/25 | 238 | 238 |  |
| Miller Homes Group (Finco) PLC, 7.00%, 05/15/29 | 10/22/24 | 256 | 271 | 0.1 |
| Motel One GmbH, 7.75%, 04/02/31 | 05/21/25 | 108 | 113 |  |
| MPT Operating Partnership, L.P., 7.00%, 02/15/32 | 05/14/25 | 238 | 243 |  |
| NAC Kazatomprom JSC, 3.50%, 04/14/33 | 12/04/23 | 322 | 352 | 0.1 |
| Nationwide Building Society, 7.50% (callable at 100, 12/20/30) | 01/28/25 | 376 | 420 | 0.1 |
| Navoiy Kon-Metallurgiya Kombinati, Aksiyadorlik Jamiyati, 6.95%, 10/17/31 | 10/09/25 | 599 | 597 | 0.1 |
| New Immo Holding, 6.00%, 03/22/29 | 03/06/25 | 224 | 245 |  |
| Nexans, 4.25%, 03/11/30 | 03/06/25 | 340 | 363 | 0.1 |
| Nidda Healthcare Holding GmbH, 5.63%, 02/21/30 | 05/21/25 | 230 | 241 |  |
| Nidda Healthcare Holding GmbH, 7.00%, 02/21/30 | 08/29/25 | 241 | 244 |  |
| Nissan Motor Co., Ltd., 5.25%, 07/17/29 | 10/16/25 | 298 | 301 | 0.1 |
| Northleaf Chorus Investors LP | 03/27/25 | 2866 | 2811 | 0.5 |
| Northleaf Chorus Investors LP | 03/31/25 |  |  |  |
| Odido Group Holding B.V., 5.50%, 01/15/30 | 12/06/23 | 139 | 157 |  |
| Olympus Water US Holding Corporation, 6.13%, 02/15/33 | 12/15/25 | 234 | 233 |  |
| Ontex Group, 5.25%, 04/15/30 | 05/21/25 | 116 | 116 |  |
| Optics BidCo S.p.A., 2.38%, 10/12/27 | 11/20/25 | 114 | 116 |  |
| Optics BidCo S.p.A., 6.88%, 02/15/28 | 10/23/24 | 228 | 249 |  |

---

------

#### Jackson Credit Opportunities Fund (Unaudited)

#### Schedule of Investments (in thousands)
December 31, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Restricted Securities (continued)** | **Restricted Securities (continued)** | **Restricted Securities (continued)** | **Restricted Securities (continued)** | **Restricted Securities (continued)** |
|  | **Initial Acquisition** | **Cost ($)** | **Value ($)** | **Percent of**<br>**Net Assets (%)** |
| Optics BidCo S.p.A., 1.63%, 01/18/29 | 07/18/25 | 109 | 110 |  |
| Orsted A/S, 5.13% (callable at 100, 09/14/29) | 02/05/25 | 385 | 421 | 0.1 |
| Orsted A/S, 5.25%, 12/08/22 | 04/22/24 | 166 | 180 |  |
| Pachelbel BidCo S.p.A., 7.13%, 05/17/31 | 10/23/24 | 57 | 63 |  |
| Paprec Holding, 4.50%, 07/15/32 | 10/06/25 | 239 | 238 |  |
| People's Government of Inner Mongolia Autonomous Region, 7.88%, 06/05/29 | 12/06/23 | 320 | 330 | 0.1 |
| People's Government of Inner Mongolia Autonomous Region, 4.45%, 07/07/31 | 07/18/25 | 445 | 460 | 0.1 |
| Pinewood Finco PLC, 6.00%, 03/27/30 | 05/29/25 | 195 | 196 |  |
| Pinnacle Bidco PLC, 10.00%, 10/11/28 | 12/05/23 | 261 | 284 | 0.1 |
| Presidence de la Republique de Cote d'Ivoire, 4.88%, 01/30/32 | 10/22/24 | 1055 | 1195 | 0.2 |
| Presidence de la Republique de Cote d'Ivoire, 6.63%, 03/22/48 | 12/04/23 | 1262 | 1496 | 0.3 |
| Presidencia de la Republica de El Salvador, 9.50%, 07/15/52 | 12/01/23 | 498 | 575 | 0.1 |
| Presidencia de la Republica Dominicana, 7.05%, 02/03/31 | 08/19/25 | 574 | 582 | 0.1 |
| Primo Water Holdings Inc., 3.88%, 10/31/28 | 02/14/25 | 156 | 176 |  |
| Progroup AG, 5.38%, 04/15/31 | 10/23/24 | 202 | 233 |  |
| Prosus N.V., 3.83%, 02/08/51 | 12/04/23 | 238 | 261 | 0.1 |
| Proximus, 4.75% (callable at 100, 07/02/31) | 02/05/25 | 327 | 357 | 0.1 |
| Prysmian S.p.A., 5.25% (callable at 100, 05/21/30) | 07/02/25 | 243 | 245 |  |
| Punch Finance PLC, 7.88%, 12/30/30 | 07/23/25 | 207 | 206 |  |
| Q-Park Holding I B.V., 5.13%, 02/15/30 | 07/16/25 | 254 | 256 | 0.1 |
| Q-Park Holding I B.V., 4.25%, 09/01/30 | 08/06/25 | 118 | 119 |  |
| RAC Bond Co PLC, 5.25%, 11/04/27 | 12/06/23 | 244 | 268 | 0.1 |
| Rakuten Group, Inc., 4.25% (callable at 100, 04/22/27) | 10/22/24 | 190 | 227 |  |
| Ray Financing LLC, 6.50%, 07/15/31 | 10/22/24 | 333 | 358 | 0.1 |
| Republic of Suriname, Government of the, 8.50%, 11/06/35 | 10/30/25 | 300 | 326 | 0.1 |
| Republica de Angola, 9.38%, 05/08/48 | 10/31/24 | 640 | 668 | 0.1 |
| Romania, Government of, 6.38%, 09/18/33 | 10/22/24 | 1996 | 2115 | 0.4 |
| Rossini S.a r.l., 6.75%, 12/31/29 | 05/21/25 | 118 | 123 |  |
| Schaeffler AG, 4.50%, 03/28/30 | 05/23/24 | 785 | 842 | 0.2 |
| Shift4 Payments, LLC, 5.50%, 05/15/33 | 10/16/25 | 243 | 240 |  |
| Sierracol Energy Andina, LLC, 6.00%, 06/15/28 | 10/22/24 | 228 | 226 |  |
| Silgan Holdings Inc., 4.25%, 02/15/31 | 10/28/25 | 118 | 119 |  |
| Snf Group, 4.50%, 03/15/32 | 05/21/25 | 116 | 121 |  |
| SoftBank Group Corp., 5.88%, 07/10/31 | 09/11/25 | 184 | 180 |  |
| Studio City Finance Limited, 6.50%, 01/15/28 | 10/10/25 | 250 | 250 | 0.1 |
| Sudzucker International Finance B.V., 5.95% (callable at 100, 05/28/30) | 07/23/25 | 233 | 225 |  |
| TAP–Transportes Aereos Portugueses, SGPS, S.A., 5.13%, 11/15/29 | 02/05/25 | 335 | 365 | 0.1 |
| Techem Verwaltungsgesellschaft 675 mbH, 5.38%, 07/15/29 | 07/02/25 | 457 | 458 | 0.1 |
| Telecom Italia S.p.A., 7.88%, 07/31/28 | 07/09/24 | 232 | 262 | 0.1 |
| Telefonica Europe B.V., 2.38% (callable at 100, 02/12/29) | 07/02/25 | 447 | 446 | 0.1 |
| Telefonica Europe B.V., 5.75% (callable at 100, 01/15/32) | 04/30/24 | 215 | 249 | 0.1 |
| Telefonica Europe B.V., 6.14% (callable at 100, 02/03/30) | 02/19/25 | 112 | 125 |  |
| Telefonica Europe B.V., 6.75% (callable at 100, 06/07/31) | 10/23/24 | 237 | 260 | 0.1 |
| Teva Pharmaceutical Finance Netherlands II B.V., 4.38%, 05/09/30 | 10/22/24 | 542 | 602 | 0.1 |
| The Democratic Socialist Republic of Sri Lanka, 3.60%, 02/15/38 | 12/27/24 | 571 | 565 | 0.1 |
| TMNL Holding BV, 3.75%, 01/15/29 | 07/18/25 | 116 | 117 |  |
| Trivium Packaging Finance B.V., 6.63%, 07/15/30 | 07/23/25 | 183 | 185 |  |
| Turkiye Is Bankasi Anonim Sirketi, 7.75%, 06/12/29 | 10/09/25 | 258 | 264 | 0.1 |
| Turquoise Hill Resources Ltd., 7.88%, 01/23/30 | 12/05/25 | 206 | 206 |  |
| UGI International, LLC, 2.50%, 12/01/29 | 10/23/24 | 212 | 224 |  |
| Unibail-Rodamco-Westfield SE, 4.75% (callable at 100, 06/11/31) | 12/15/25 | 240 | 239 |  |
| Unicredit, Societa' Per Azioni In Forma Abbreviata Unicredit S.p.A., 3.88% (callable at 100, 06/03/27) | 10/23/24 | 205 | 233 |  |
| Unicredit, Societa' Per Azioni In Forma Abbreviata Unicredit S.p.A., 6.50% (callable at 100, 12/03/31) | 01/28/25 | 325 | 376 | 0.1 |
| United Group B.V., 5.25%, 02/01/30 | 12/05/23 | 101 | 117 |  |
| United Group B.V., 6.75%, 02/15/31 | 10/23/24 | 164 | 181 |  |
| Upgrade Master Pass-Thru Trust, Series 2025-ST1-CRT1, 0.00%, 04/15/32 | 03/31/25 | 6888 | 6462 | 1.1 |
| Valeo, 4.50%, 04/11/30 | 02/19/25 | 332 | 360 | 0.1 |
| Valeo, 5.13%, 05/20/31 | 09/04/25 | 118 | 121 |  |
| Valeo, 4.63%, 03/23/32 | 11/20/25 | 115 | 117 |  |
| Vedanta Resources Limited, 10.88%, 09/17/29 | 02/03/25 | 461 | 474 | 0.1 |
| Veolia Environnement, 2.50% (callable at 100, 01/20/29) | 02/19/25 | 426 | 451 | 0.1 |
| Verisure Midholding AB, 5.25%, 02/15/29 | 10/22/24 | 482 | 513 | 0.1 |
| Vertical Midco GmbH, 4.38%, 07/15/27 | 12/04/23 | 172 | 189 |  |
| Virgin Media Vendor Financing Notes III Designated Activity Company, 4.88%, 07/15/28 | 12/04/23 | 418 | 459 | 0.1 |
| VMED O2 UK Financing I PLC, 4.50%, 07/15/31 | 07/02/25 | 186 | 179 |  |
| VMED O2 UK Financing I PLC, 5.63%, 04/15/32 | 02/19/25 | 241 | 252 | 0.1 |
| Vodafone Group Public Limited Company, 3.00%, 08/27/80 | 12/04/23 | 520 | 569 | 0.1 |
| VZ Vendor Financing II B.V., 2.88%, 01/15/29 | 07/18/25 | 108 | 111 |  |
| Waga Bondco Limited, 8.50%, 06/15/30 | 05/29/25 | 153 | 140 |  |
| Wintershall Dea GmbH, 3.00% (callable at 100, 07/20/28) | 12/05/23 | 289 | 338 | 0.1 |

---

------

#### Jackson Credit Opportunities Fund (Unaudited)

#### Schedule of Investments (in thousands)
December 31, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Restricted Securities (continued)** | **Restricted Securities (continued)** | **Restricted Securities (continued)** | **Restricted Securities (continued)** | **Restricted Securities (continued)** |
|  | **Initial Acquisition** | **Cost ($)** | **Value ($)** | **Percent of**<br>**Net Assets (%)** |
| Zegona Finance PLC, 6.75%, 07/15/29 | 02/19/25 | 209 | 222 |  |
| ZF Friedrichshafen AG, 2.25%, 05/03/28 | 03/06/25 | 203 | 224 |  |
| ZF Friedrichshafen AG, 3.75%, 09/21/28 | 02/06/24 | 105 | 115 |  |
| ZF Friedrichshafen AG, 6.13%, 03/13/29 | 07/02/25 | 117 | 122 |  |
| ZF Friedrichshafen AG, 3.00%, 10/23/29 | 10/23/24 | 98 | 110 |  |
| ZF Friedrichshafen AG, 7.00%, 06/12/30 | 07/31/25 | 116 | 124 |  |
| Ziggo B.V., 2.88%, 01/15/30 | 05/19/25 | 215 | 222 |  |
|  |  | 141651 | 150796 | 25.9 |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Investments in Affiliates** | **Investments in Affiliates** | **Investments in Affiliates** | **Investments in Affiliates** | **Investments in Affiliates** | **Investments in Affiliates** | **Investments in Affiliates** | **Investments in Affiliates** | **Investments in Affiliates** |
| **Affiliated Investment** | **Value Beginning of Period($)** | **Purchases($)** | **Sales Proceeds($)** | **Dividend Income/ Distributions from Funds($)** | **Realized Gain (Loss)($)** | **Change in Unrealized Appreciation (Depreciation) ($)** | **Value End of Period($)** | **Percentage of Net Assets(%)** |
| JNL Government Money Market Fund, 3.64% - Class I | 886 | 182423 | 175689 | 583 |  |  | 7620 | 1.3 |
| JNL Government Money Market Fund, 3.74% - Class SL | 500 | 1511 | 2011 | 4 |  |  |  |  |
|  | 1386 | 183934 | 177700 | 587 |  |  | 7620 | 1.3 |

---

---

| | |
|:---|:---|
| **Summary of Investments by Country^** | **Total Long Term Investments** |
| **United States of America** | 64.8% |
| **Bermuda** | 14.1 |
| **United Kingdom** | 4.1 |
| **France** | 1.6 |
| **Germany** | 1.6 |
| **Canada** | 1.0 |
| **Spain** | 0.8 |
| **Netherlands** | 0.8 |
| **Mexico** | 0.7 |
| **Italy** | 0.7 |
| **Colombia** | 0.7 |
| **Cote D'Ivoire** | 0.5 |
| **Nigeria** | 0.5 |
| **Multi-National** | 0.4 |
| **Romania** | 0.4 |
| **Argentina** | 0.4 |
| **Ireland** | 0.4 |
| **Sweden** | 0.4 |
| **Brazil** | 0.4 |
| **South Africa** | 0.3 |
| **Honduras** | 0.3 |
| **Ecuador** | 0.3 |
| **Switzerland** | 0.3 |
| **Sri Lanka** | 0.3 |
| **Egypt** | 0.2 |
| **Israel** | 0.2 |
| **Guatemala** | 0.2 |
| **Uzbekistan** | 0.2 |
| **Zambia** | 0.2 |
| **Peru** | 0.2 |
| **Czech Republic** | 0.2 |
| **Portugal** | 0.2 |
| **Angola** | 0.2 |
| **India** | 0.2 |
| **Ghana** | 0.2 |
| **Chile** | 0.1 |
| **Belgium** | 0.1 |
| **Macau** | 0.1 |
| **Benin** | 0.1 |
| **Mongolia** | 0.1 |
| **Austria** | 0.1 |
| **Bahamas** | 0.1 |
| **China** | 0.1 |
| **Japan** | 0.1 |
| **Denmark** | 0.1 |

---

------

#### Jackson Credit Opportunities Fund (Unaudited)

#### Schedule of Investments (in thousands)
December 31, 2025

---

| | |
|:---|:---|
| **Summary of Investments by Country^** | **Total Long Term Investments** |
| **Dominican Republic** | 0.1 |
| **El Salvador** | 0.1 |
| **Paraguay** | 0.1 |
| **Turkey** | 0.1 |
| **Australia** | 0.1 |
| **Finland** | 0.1 |
| **Luxembourg** | 0.1 |
| **Kazakhstan** | 0.1 |
| **Suriname** | 0.1 |
| **South Korea** | 0.1 |
| **Democratic Republic of the Congo** |  |
| **Estonia** |  |
|  | **100.0%** |
| ^A country table is presented as a percentage of the Fund's total long term investments because its strategy includes investment in non-U.S. securities as deemed significant by the Fund's Adviser. | ^A country table is presented as a percentage of the Fund's total long term investments because its strategy includes investment in non-U.S. securities as deemed significant by the Fund's Adviser. |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Futures Contracts** | **Futures Contracts** | **Futures Contracts** | **Futures Contracts** | **Futures Contracts** | **Futures Contracts** | **Futures Contracts** |
| **Reference Entity** | **Contracts<sup>1</sup>** | **Expiration** | **Notional<sup>1</sup>** | **Notional<sup>1</sup>** | **Variation**<br>**Margin**<br>**Receivable**<br>(Payable) ($) | **Value/**<br>**Unrealized**<br>**Appreciation**<br>(Depreciation) ($) |
| **Long Contracts** | **Long Contracts** | **Long Contracts** | **Long Contracts** | **Long Contracts** | **Long Contracts** | **Long Contracts** |
| United States 10 Year Note | 245 | March 2026 |  | 27765 | (50) | (218) |
| United States 10 Year Ultra Bond | 225 | March 2026 |  | 26038 | (44) | (159) |
| United States 2 Year Note | 3 | April 2026 |  | 627 |  |  |
| United States 5 Year Note | 600 | April 2026 |  | 65857 | (70) | (275) |
| United States Long Bond | 8 | March 2026 |  | 939 | (2) | (14) |
|  |  |  |  |  | (166) | (666) |
| **Short Contracts** | **Short Contracts** | **Short Contracts** | **Short Contracts** | **Short Contracts** | **Short Contracts** | **Short Contracts** |
| Euro BOBL | (106) | March 2026 | EUR | (12366) |  | 61 |
| Euro Bund | (53) | March 2026 | EUR | (6814) |  | 61 |
| Euro Buxl 30 Year Bond | (2) | March 2026 | EUR | (224) |  | 4 |
| Euro OAT | (18) | March 2026 | EUR | (2181) |  | 12 |
| Euro Schatz | (49) | March 2026 | EUR | (5238) |  | 6 |
| Long Gilt | (13) | March 2026 | GBP | (1180) | (3) | (10) |
| United States Ultra Bond | (12) | March 2026 |  | (1443) | 4 | 27 |
|  |  |  |  |  | 1 | 161 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Forward Foreign Currency Contracts** | **Forward Foreign Currency Contracts** | **Forward Foreign Currency Contracts** | **Forward Foreign Currency Contracts** | **Forward Foreign Currency Contracts** | **Forward Foreign Currency Contracts** | **Forward Foreign Currency Contracts** |
| **Purchased/Sold** | **Counterparty** | **Expiration** | **Notional<sup>1</sup>** | **Notional<sup>1</sup>** | **Value ($)** | **Unrealized**<br>**Appreciation**<br>(Depreciation) ($) |
| EUR/USD | DUB | 01/15/26 | EUR | 10475 | 12317 | 20 |
| GBP/EUR | CIT | 01/15/26 | EUR | (162) | (191) | 1 |
| GBP/EUR | SCB | 01/15/26 | EUR | (331) | (390) | 4 |
| GBP/USD | SSB | 01/15/26 | GBP | 4958 | 6683 | 26 |
| USD/EUR | SCB | 01/15/26 | EUR | (55485) | (65238) | (103) |
| USD/EUR | SCB | 01/15/26 | EUR | (50) | (59) |  |
| USD/GBP | SSB | 01/15/26 | GBP | (18678) | (25176) | (97) |
|  |  |  |  |  | (72054) | (149) |

---

------

#### Jackson Credit Opportunities Fund (Unaudited)

#### Notes to Schedule of Investments (in thousands)
December 31, 2025

<sup>1</sup> Rounded par and notional amounts are listed in USD unless otherwise noted. Futures are quoted in unrounded number of contracts. Private Funds can represent number of shares issued or contributed capital to date.

#### Currency Abbreivations:
EUR - European Currency Unit (Euro)

GBP - British Pound

USD - United States Dollar

#### Abbreviations :
"-" Amount rounds to less than one thousand or 0.05%<br>EURIBOR - Europe Interbank Offered Rate<br>LLC/L.L.C - Limited Liability Company<br>PLC/P.L.C. - Public Limited Company<br>REMIC - Real Estate Mortgage Investment Conduit<br>SOFR - Secured Overnight Financing Rates<br>S.p.A/S.P.A - Joint-Stock Company<br>US/U.S. - United States<br>

#### Counterparty Abbreviations :
<br> CIT - Citibank, IncDUB – Deutsche Bank AG.SCB - Standard Chartered Bank <br> SSB - State Street Brokerage Services, Inc.

**Security Valuation.** Under the Fund's valuation policy and procedures ("Valuation Policies and Procedures"), the Fund's Board of Trustees ("Board" or "Trustees") has designated to the Adviser the responsibility for carrying out certain functions relating to the valuation of portfolio securities for the purpose of determining the NAV of the Fund. The Adviser has established a Valuation Committee (the "Valuation Committee") that is charged with the responsibilities set forth in the Valuation Policies and Procedures. The Valuation Committee is responsible for determining fair valuations for any security for which market quotations are not readily available. For those securities fair valued under procedures approved by the Board, the Valuation Committee reviews and affirms the reasonableness of the fair valuation determinations after considering all relevant information that is reasonably available. The Valuation Committee's fair valuation determinations are subject to review by the Board.

The NAV of the Fund's shares is generally determined once each day on which the New York Stock Exchange ("NYSE") is open, at the close of the regular trading session of the NYSE (normally, 4:00 PM Eastern Time, Monday through Friday). The NAV of the Fund's shares may also not be determined on days designated by the Board or on days designated by the SEC. However, consistent with legal requirements, calculation of the Fund's NAV may be suspended on days determined by the Board during times of NYSE market closure, which may include times during which the SEC issues policies or protocols associated with such closure pursuant to Section 22(e) of the 1940 Act. In the event that the NYSE is closed unexpectedly or opens for trading but closes earlier than scheduled, the Fund's Valuation Committee will evaluate if trading activity on other U.S. exchanges and markets for equity securities is considered reflective of normal market activity. To the extent an NYSE closure is determined to be accompanied by a disruption of normal market activity, the Valuation Committee may utilize the time the NYSE closed for purposes of measuring and calculating the Fund's NAV. To the extent an NYSE closure is determined to not have resulted in a disruption of normal market activity, the Valuation Committee may utilize the time the NYSE was scheduled to close for purposes of measuring and calculating the Fund's NAV.

Equity securities are generally valued at the official closing price of the exchange where the security is principally traded. If there is no official closing price for the security on the valuation date, the security may be valued at the most recent sale or quoted bid price prior to close. Stocks not listed on a national or foreign stock exchange may be valued at the closing bid price on the over the counter ("OTC") market. Investments in mutual funds are valued at the NAV per share determined as of the close of the NYSE on each valuation date. Debt obligations with remaining maturities of 60 days or less, and that did not receive a price from a third-party pricing service, or it is determined that such valuation from the pricing service does not approximate fair value, may be valued at their amortized cost, unless it is determined that such practice does not approximate fair value. Debt and derivative securities are generally valued by independent pricing services approved by the Board. Pricing services utilized to value debt and derivative instruments may use various pricing techniques which take into account appropriate factors such as: yield; credit quality; coupon rate; maturity; type of issue; trading characteristics; call features; credit ratings; broker quotes; tranche seniority; catastrophe perils and loss estimates; maturity extensions; and other relevant data. Term loans are generally valued at the composite bid prices provided by approved pricing services. Private Investment Funds ("Private Funds") are generally valued using the latest NAV reported by the third-party fund manager or General Partner ("GP") as a practical expedient to estimate the fair value of such interests. The NAV and other information provided by a GP is reviewed for reasonableness based on knowledge of current market conditions and the individual characteristics of each Private Fund. If market information indicates that the NAV is not as of the measurement date, not calculated in a manner consistent with FASB ASC Topic 946 ("Topic 946"), or otherwise not reflective of the current value, best efforts shall be used to adjust the relevant Private Fund's NAV in a manner consistent with the measurement principals of Topic 946, which could include adjusting the Private Fund's NAV based on a proxy or investment model which is correlated to the underlying investment return. Private debt is generally fair valued according to procedures approved by the Board, which take into account factors such as the size of the holding, the nature and duration of the securities and the volume and depth of trading, among others. Futures contracts traded on an exchange are generally valued at the exchange's settlement price. If the settlement price is not available, exchange traded futures are valued at the last sales price as of the close of business on the primary exchange. Options traded on an exchange are generally valued at the last traded price as of the close of business on the local exchange. If the last trade is determined to not be representative of fair value, exchange traded options are valued at the current day's mid-price. Forward foreign currency contracts are generally valued at the foreign currency exchange rate as of the close of the NYSE. If pricing services are unable to provide valuations, OTC derivatives are valued at the most recent bid quotation or evaluated price, as applicable, obtained from a broker/dealer or by pricing models using observable inputs. Swap agreements that clear on

------

#### Jackson Credit Opportunities Fund (Unaudited)

#### Notes to Schedule of Investments (in thousands)
December 31, 2025

exchanges are valued at the most recent bid quotation or evaluated price, as applicable, obtained from pricing models or by the clearing exchange using observable inputs.

Market quotations may not be readily available for certain investments or it may be determined that a quotation of an investment does not represent fair value. In such instances, the investment is valued as determined in good faith using procedures approved by the Board, which take into account factors such as the size of the holding, the nature and duration of the securities and the volume and depth of trading, among others. Situations that may require an investment to be fair valued may include instances where a security is thinly traded, halted or restricted as to resale. In addition, investments may be fair valued based on the occurrence of a significant event. Significant events may be specific to a particular issuer, such as mergers, restructurings or defaults. Alternatively, significant events may affect an entire market, such as natural disasters, government actions, and significant changes in the value of U.S. securities markets. Securities are fair valued based on observable and unobservable inputs, including the Adviser's or Valuation Committee's own assumptions in determining the fair value of an investment. Under the procedures approved by the Board, the Adviser may utilize pricing services or other sources, including the Fund's Sub-Adviser, to assist in determining the fair value of an investment. A market-based approach may be utilized whereby related or comparable assets or liabilities, recent transactions, market multiples, book values and other inputs may be considered in determining fair value. An income-based valuation approach may also be used in which the anticipated future cash flows of the asset or liability are discounted to calculate fair value. Inputs considered to determine fair value may include fundamental analytical data relating to the security; the nature and duration of restrictions, if any, on the disposition of the security; trading volume on markets, exchanges, or among dealers; evaluation of the forces which influence the market in which the security is traded; the type of security; the financial statements of the issuer, or other financial information about the issuer; the cost of the security at its date of purchase; the size of the Fund's holding; the discount from market value of unrestricted securities of the same class, if applicable, at the time of purchase or at a later date; reports prepared by analysts; information as to any transactions in, or offers for, the security; the existence of any merger proposal, tender offer or other extraordinary event relating to the security; the price and extent of public or dealer trading in similar securities or derivatives of the issuer or of comparable companies; trading in depositary receipts; foreign currency exchange activity; changes in the interest rate environment; trading prices of financial products that are tied to baskets of foreign securities; and any other matters considered relevant.

If an investment is valued at a fair value for purposes of calculating the Fund's NAV, the value may be different from the last quoted price for the investment depending on the source and method used to determine the value. Although there can be no assurance, in general, the fair value of the investment is the amount the owner of such investment might reasonably expect to receive in an orderly transaction between market participants upon its current sale.

#### FAIR VALUE MEASUREMENT
FASB ASC Topic 820 establishes a single authoritative definition of fair value, sets out a framework for measuring fair value and requires additional disclosures about fair value measurements. Various inputs are used in determining the value of the Fund's investments under this guidance. The inputs are summarized into three broad categories:

Level 1 includes quoted prices (unadjusted) in active markets for identical investments that the Fund can access at the measurement date.

Level 2 includes other significant observable inputs (including fair value factors, quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.).

Level 3 includes significant unobservable inputs, to the extent observable inputs are not available, including the Adviser's own assumptions in determining the fair value of investments.

Inputs used in the determination of the fair value level of Level 3 securities, which were deemed to be material, are disclosed within the notes below. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following table summarizes the Fund's investments in securities and other financial instruments (in thousands) as of December 31, 2025 by valuation level.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **. Level 1 ($) .** | **. Level 2 ($) .** | **. Level 3 ($) .** | **Other ($)<sup>1</sup>** | **. Total ($) .** |
| **Assets - Securities** |  |  |  |  |  |
| &nbsp;&nbsp;Senior Floating Rate Instruments<sup>2</sup> |  | 185066 | 10428 |  | 195494 |
| &nbsp;&nbsp;Corporate Bonds And Notes |  | 163765 |  |  | 163765 |
| &nbsp;&nbsp;Catastrophe Bonds |  | 89130 |  |  | 89130 |
| &nbsp;&nbsp;Direct Access Lending<sup>2</sup> |  |  | 26340 | 46525 | 72865 |
| &nbsp;&nbsp;Government And Agency Obligations |  | 30502 |  |  | 30502 |
| &nbsp;&nbsp;Non-U.S. Government Agency Asset-Backed Securities |  | 22253 |  |  | 22253 |
| &nbsp;&nbsp;Warrants |  |  | 140 |  | 140 |
| &nbsp;&nbsp;Common Stocks |  |  | 27 |  | 27 |
| &nbsp;&nbsp;Short Term Investments | 7620 |  |  |  | 7620 |
|  | 7620 | 490716 | 36935 | 46525 | 581796 |
| **Liabilities - Securities** | **Liabilities - Securities** | **Liabilities - Securities** | **Liabilities - Securities** | **Liabilities - Securities** | **Liabilities - Securities** |
| &nbsp;&nbsp;Senior Floating Rate Instruments<sup>2</sup> |  | (7) |  |  | (7) |
| &nbsp;&nbsp;Direct Access Lending<sup>2</sup> |  |  | (1) |  | (1) |
|  |  | (7) | (1) |  | (8) |

---

------

#### Jackson Credit Opportunities Fund (Unaudited)

#### Notes to Schedule of Investments (in thousands)
December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **. Level 1 ($) .** | **. Level 2 ($) .** | **. Level 3 ($) .** | **Other ($)<sup>1</sup>** | **. Total ($) .** |
| (continued) | (continued) | (continued) | (continued) | (continued) | (continued) |
| **Assets - Investments in Other Financial Instruments<sup>3</sup>** |  |  |  |  |  |
| &nbsp;&nbsp;Futures Contracts | 171 |  |  |  | 171 |
| &nbsp;&nbsp;Open Forward Foreign Currency Contracts |  | 51 |  |  | 51 |
|  | 171 | 51 |  |  | 222 |
| **Liabilities - Investments in Other Financial Instruments<sup>3</sup>** |  |  |  |  |  |
| &nbsp;&nbsp;Futures Contracts | (676) |  |  |  | (676) |
| &nbsp;&nbsp;Open Forward Foreign Currency Contracts |  | (200) |  |  | (200) |
|  | (676) | (200) |  |  | (876) |

---

<sup>1</sup> Certain investments that are measured at fair value using the NAV per share practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Schedule of Investments. Although there can be no assurance, in general, the fair value of the investment using the NAV per share practical expedient is the amount the owner of such investment might reasonably expect to receive in an orderly transaction between market participants upon its current sale.

<sup>2</sup> Unfunded commitments are not reflected in total investments in the Schedule of Investments. Net unrealized appreciation is reflected as an asset and net unrealized depreciation is reflected as a liability in the table. See Unfunded Commitments table following the Schedule of Investments.

<sup>3</sup> All derivatives are reflected at the unrealized appreciation (depreciation) on the instrument.

The following table is a rollforward of asset types with significant Level 3 valuations (in thousands) and transfers by category for which significant unobservable inputs were used to determine fair value during the period ended December 31, 2025:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Balance at Beginning of Period ($)** | **Transfers into Level 3 During the Period<sup>1</sup>** | **Transfers out of Level 3 During the Period<sup>1</sup>** | **Realized Gain/(Loss)** | **Amortization/Accretion** | **Purchases** | (Sales) | **Balance at End of Period ($)** | **Net Change in Unrealized Appreciation/ (Depreciation) on Investments Held at End of Period<sup>2</sup> ($)** |

---

**Jackson Credit Opportunities Fund**<br>

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Direct Access Lending | 19397 |  |  | 1 | 7 | 12624 | (5323) | 26338 | (368) |
| Senior Floating Rate Instruments | 7282 | 1992 | 1459 | 1 | 11 | 5565 | (2961) | 10423 | (8) |
| Warrants |  |  |  |  |  |  |  | 140 | 140 |
| Common Stocks |  |  |  |  |  | 25 |  | 27 | 2 |
|  | 26679 | 1992 | 1459 | 2 | 18 | 18214 | (8284) | 36928 | (234) |

---

<br> <sup>1</sup> There were no significant transfers between Level 3 and Level 2 during the Period except for those noted. <br> <sup>2</sup> Reflects the change in unrealized appreciation/(depreciation) for Level 3 investments held December 31, 2025.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Class** | **Fair Value (In Thousands $)** | **Valuation Technique** | **Unobservable Input** | **Range (Weighted Average†)** |
| Direct Access Lending | 26338 | Discounted Cash Flow Model | Discount Rate | 8.00% - 24.00% (13.00%) |
| Senior Floating Rate Instruments | 10423 | Market Approach | Broker Quote | 0.99 - 100.25 (42.54) |
| Warrants | 140 | Black Scholes Model | Volatility | 40.00% (N/A) |
| Common Stocks | 27 | Market Approach | Broker Quote | 14.42 - 15.04 (14.72) |

---

† Unobservable inputs were weighted by the relative fair value of the instruments.

Significant changes in unobservable valuation inputs to a different amount might result in a significantly higher or lower fair value measurement than the one used in a security's valuation.

**Securities Lending and Securities Lending Collateral.** Jackson Credit Opportunities Fund participates in an agency based securities lending program. State Street serves as the securities lending agent to the Fund. Per the securities lending agreement, the securities lending agent is authorized to loan securities on behalf of the Fund to approved borrowers and is required to maintain collateral. The Fund receives either cash or non-cash collateral against the loaned securities in an amount equal to at least 100% of the market value of the loaned securities. Collateral is maintained over the life of the loan as determined at the close of Fund business each day; any additional collateral required due to changes in security values is typically delivered to the Fund on the next business day. The duration of each loan is determined by the agent and borrower and generally may be terminated at any time. Certain loans may be negotiated to mature on a specified date. The securities lending agent has agreed to indemnify the Fund in the event of default by a third-party borrower. The Fund may experience a delay in the recovery of its securities or incur a loss if the borrower breaches its agreement with the Fund or becomes insolvent. For cash collateral, the Fund receives income from the investment of cash collateral, which is shared with the borrower through negotiated rebates. The Fund bears the risk that the agent may default on its obligations to the Fund. Non-cash collateral which the Fund receives may include U.S. Government securities; U.S. Government agencies' debt securities; and U.S. Government-sponsored agencies' debt securities and mortgage-backed securities. For non-cash collateral, the Fund receives lending fees negotiated with the borrower. The securities lending agent has

------

#### Jackson Credit Opportunities Fund (Unaudited)

#### Notes to Schedule of Investments (in thousands)
December 31, 2025

agreed to indemnify the Fund with respect to the market risk related to the non-cash collateral investments. The Fund also bears the market risk with respect to the collateral received and securities loaned. State Street receives a portion of the earnings from the Fund's securities lending program.

Cash collateral received is invested in the JNL Government Money Market Fund – Class SL, a registered government money market fund under the 1940 Act and series of the JNL Investors Series Trust. JNAM serves as the Adviser and Administrator for the JNL Government Money Market Fund. The JNL Government Money Market Fund is offered to the Fund and its affiliates and is not available for direct purchase by members of the public. The JNL Government Money Market Fund pays JNAM annual fees, accrued daily and payable monthly, for investment advisory and administrative services.

**Unfunded Commitments.** The Fund may enter into certain credit agreements, all or a portion of which may be unfunded. The Fund is obligated to fund these loan commitments at the borrowers' discretion. Unfunded loan commitments and funded portions of credit agreements are marked-to-market daily.

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Jackson Credit Opportunities Fund

- **b. Investment Company Act file number:** 811-23889

- **c. CIK number of Registrant:** 0001982467

- **d. LEI of Registrant:** 254900BVRRGX6TK1HJ82

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1 Corporate Way

  - **City:** Lansing

  - **State:** MI

  - **Foreign country:** US

  - **Zip / Postal Code:** 48951

  - **Telephone number:** 517-381-5500

**Item A.2. Information about the Series.**

- **a. Name of Series:** Jackson Credit Opportunities Fund

- **c. LEI of Series:** 254900BVRRGX6TK1HJ82

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $598156472.01

**Total Liabilities:** $15259473.66

**Net Assets:** $582896998.35

**Cash Not Reported:** $8111716.47

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -16.998864671819 | **1-Year:** -301.746338148456 | **5-Year:** -2865.972830004703 | **10-Year:** -5956.266101537452 | **30-Year:** -18368.313820994193

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** -8936.275731966606 | **1-Year:** -17542.623478690100 | **5-Year:** -83600.497806678045 | **10-Year:** -27603.054024059300 | **30-Year:** -13872.103988109577

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.38%                | 0.57%                | 0.47%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1018119.34             | $1433062.44                                |
| Month 2  | $384986.05               | $-1699832.36                               |
| Month 3  | $89403.83                | $-642117.40                                |

**Designated Index Information**

- **Index Name:** Absolute VaR

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                                                           | Title                                                                          | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   | Fair Value Level   | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| State Street Bank                                                              | UNITED STATES DOLLAR                                                           | CUSIP: N/A<br>LEI: 571474TGEMMWANRLN572       | N/A              | DFE              | CORP              | US        |  17283920 | PA      | $-67508.42    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| Standard Chartered Bank                                                        | BRITISH POUND STERLING                                                         | CUSIP: N/A<br>LEI: RILFO74KP1CM8P6PCT96       | N/A              | DFE              | CORP              | GB        |    292194 | PA      | $4058.84      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Citibank, Inc.                                                                 | BRITISH POUND STERLING                                                         | CUSIP: N/A<br>LEI: E57ODZWZ7FF32TWEFA76       | N/A              | DFE              | CORP              | GB        |    142374 | PA      | $1209.58      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| State Street Bank                                                              | BRITISH POUND STERLING                                                         | CUSIP: N/A<br>LEI: 571474TGEMMWANRLN572       | N/A              | DFE              | CORP              | GB        |   4958089 | PA      | $26001.90     | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Standard Chartered Bank                                                        | UNITED STATES DOLLAR                                                           | CUSIP: N/A<br>LEI: RILFO74KP1CM8P6PCT96       | N/A              | DFE              | CORP              | US        |     58548 | PA      | $-240.94      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Deutsche Bank Alex Brown Inc.                                                  | EURO DOLLAR                                                                    | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | N/A              | DFE              | CORP              | US        |  10475365 | PA      | $20071.12     | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Standard Chartered Bank                                                        | UNITED STATES DOLLAR                                                           | CUSIP: N/A<br>LEI: RILFO74KP1CM8P6PCT96       | N/A              | DFE              | CORP              | US        |  22037624 | PA      | $-34650.89    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| Standard Chartered Bank                                                        | UNITED STATES DOLLAR                                                           | CUSIP: N/A<br>LEI: RILFO74KP1CM8P6PCT96       | N/A              | DFE              | CORP              | US        |  43098296 | PA      | $-67765.67    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| State Street Bank                                                              | UNITED STATES DOLLAR                                                           | CUSIP: N/A<br>LEI: 571474TGEMMWANRLN572       | N/A              | DFE              | CORP              | US        |   7794442 | PA      | $-30443.93    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| EUREX EXCHANGE                                                                 | FUTURE - PHYSICALLY DELIVERED                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | DE        |       -49 | NC      | $5841.00      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                         | FUTURE - PHYSICALLY DELIVERED                                                  | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DIR              | CORP              | US        |       600 | NC      | $-274529.25   | -0.05%            |  |  |  | No            | 1                  | On Loan: No      |
| INTERCONTINENTAL EXCHANGE                                                      | FUTURE - PHYSICALLY DELIVERED                                                  | CUSIP: N/A<br>LEI: 5493000F4ZO33MV32P92       | N/A              | DIR              | CORP              | GB        |       -13 | NC      | $-9672.14     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| EUREX EXCHANGE                                                                 | FUTURE - PHYSICALLY DELIVERED                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | DE        |       -18 | NC      | $11579.80     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| EUREX EXCHANGE                                                                 | FUTURE - PHYSICALLY DELIVERED                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | DE        |      -106 | NC      | $61161.93     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| EUREX EXCHANGE                                                                 | FUTURE - PHYSICALLY DELIVERED                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | DE        |       -53 | NC      | $60721.40     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                         | FUTURE - PHYSICALLY DELIVERED                                                  | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DIR              | CORP              | US        |         3 | NC      | $-380.58      | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                         | FUTURE - PHYSICALLY DELIVERED                                                  | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DIR              | CORP              | US        |       245 | NC      | $-218008.87   | -0.04%            |  |  |  | No            | 1                  | On Loan: No      |
| EUREX EXCHANGE                                                                 | FUTURE - PHYSICALLY DELIVERED                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | DE        |        -2 | NC      | $4217.34      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                         | FUTURE - PHYSICALLY DELIVERED                                                  | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DIR              | CORP              | US        |         8 | NC      | $-13829.14    | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                         | FUTURE - PHYSICALLY DELIVERED                                                  | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DIR              | CORP              | US        |       241 | NC      | $-172217.88   | -0.03%            |  |  |  | No            | 1                  | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                         | FUTURE - PHYSICALLY DELIVERED                                                  | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DIR              | CORP              | US        |        -9 | NC      | $26691.01     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Amkor Technology, Inc.                                                         | Amkor Technology, Inc.                                                         | CUSIP: 031652BL3<br>LEI: 529900VHLRTKPWZJBM84 | Long             | DBT              | CORP              | US        |    415000 | PA      | $424470.30    | 0.07%             | 2033-10-01      | Fixed         | 5.88%                 | Yes           | 2                  | On Loan: No      |
| BX Trust 2024-VLT4                                                             | BX Trust 2024-VLT4                                                             | CUSIP: 05612TAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $99750.91     | 0.02%             | 2026-06-15      | Floating      | 6.64%                 | No            | 2                  | On Loan: No      |
| Bank5 2025-5YR17                                                               | Bank5 2025-5YR17                                                               | CUSIP: 06211GBE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    220000 | PA      | $194990.69    | 0.03%             | 2030-10-18      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| GS Mortgage Securities Trust 2017-GS6                                          | GS Mortgage Securities Trust 2017-GS6                                          | CUSIP: 36253PAH5<br>LEI: 549300WZ62L3Y22NOZ64 | Long             | ABS-MBS          | CORP              | US        |    185000 | PA      | $164378.99    | 0.03%             | 2027-05-12      | Fixed         | 3.87%                 | No            | 2                  | On Loan: No      |
| Petroleos Mexicanos                                                            | Petroleos Mexicanos                                                            | CUSIP: 71654QDD1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | US        |   2320000 | PA      | $2080726.10   | 0.36%             | 2050-01-23      | Fixed         | 7.69%                 | No            | 2                  | On Loan: No      |
| Trident TPI Holdings, Inc.                                                     | Trident TPI Holdings, Inc.                                                     | CUSIP: 89616RAC3<br>LEI: 549300TPLK304J3RNC85 | Long             | DBT              | CORP              | US        |    390000 | PA      | $398439.60    | 0.07%             | 2028-12-31      | Fixed         | 12.75%                | Yes           | 2                  | On Loan: No      |
| Air France - KLM                                                               | Air France - KLM                                                               | CUSIP: N/A<br>LEI: 969500AQW31GYO8JZD66       | Long             | DBT              | CORP              | FR        |    200000 | PA      | $243068.96    | 0.04%             | 2029-05-23      | Fixed         | 4.63%                 | Yes           | 2                  | On Loan: No      |
| Aramark International Finance S.a r.l.                                         | Aramark International Finance S.a r.l.                                         | CUSIP: N/A<br>LEI: 5493006HLPNGDDC12P30       | Long             | DBT              | CORP              | LU        |    150000 | PA      | $175892.18    | 0.03%             | 2033-04-15      | Fixed         | 4.38%                 | Yes           | 2                  | On Loan: No      |
| Max US Bidco Inc                                                               | Max US Bidco Inc                                                               | CUSIP: 57778YAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1989899 | PA      | $1520859.89   | 0.26%             | 2030-10-02      | Floating      | 9.00%                 | No            | 2                  | On Loan: No      |
| Bending Spoons US Inc                                                          | Bending Spoons US Inc                                                          | CUSIP: 08167PAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1950000 | PA      | $1888243.50   | 0.32%             | 2031-02-19      | Floating      | 9.03%                 | No            | 2                  | On Loan: No      |
| Presidencia De La Nacion                                                       | Presidencia De La Nacion                                                       | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | US        |    260000 | PA      | $193050.00    | 0.03%             | 2035-07-09      | Fixed         | 4.13%                 | No            | 2                  | On Loan: No      |
| BX Commercial Mortgage Trust 2024-XL5                                          | BX Commercial Mortgage Trust 2024-XL5                                          | CUSIP: 05612GAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     70000 | PA      | $70119.68     | 0.01%             | 2026-03-15      | Floating      | 6.44%                 | No            | 2                  | On Loan: No      |
| BKV Upstream Midstream, LLC                                                    | BKV Upstream Midstream, LLC                                                    | CUSIP: 05619CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    505000 | PA      | $511701.35    | 0.09%             | 2030-10-15      | Fixed         | 7.50%                 | Yes           | 2                  | On Loan: No      |
| Freddie Mac MSCR Trust MN8                                                     | Freddie Mac MSCR Trust MN8                                                     | CUSIP: 35563RAA3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    266882 | PA      | $270705.22    | 0.05%             | 2029-05-25      | Floating      | 6.72%                 | No            | 2                  | On Loan: No      |
| Quikrete Holdings, Inc.                                                        | Quikrete Holdings, Inc.                                                        | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    290000 | PA      | $302693.30    | 0.05%             | 2033-03-01      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| Residential Reinsurance 2024 Limited                                           | Residential Reinsurance 2024 Limited                                           | CUSIP: 76112AAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1027600.00   | 0.18%             | 2028-12-06      | Floating      | 10.63%                | Yes           | 2                  | On Loan: No      |
| Transmontaigne Partners LLC                                                    | Transmontaigne Partners LLC                                                    | CUSIP: 89377AAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160000 | PA      | $160984.00    | 0.03%             | 2030-06-15      | Fixed         | 8.50%                 | Yes           | 2                  | On Loan: No      |
| Allied Universal Holdco LLC                                                    | Allied Universal Holdco LLC                                                    | CUSIP: 019576AC1<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |    275000 | PA      | $271738.50    | 0.05%             | 2029-06-01      | Fixed         | 6.00%                 | Yes           | 2                  | On Loan: No      |
| USA Compression Finance Corp.                                                  | USA Compression Finance Corp.                                                  | CUSIP: 91740PAH1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    850000 | PA      | $858500.00    | 0.15%             | 2033-10-01      | Fixed         | 6.25%                 | Yes           | 2                  | On Loan: No      |
| Amentum Escrow Corp.                                                           | Amentum Escrow Corp.                                                           | CUSIP: 02352BAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    455000 | PA      | $478628.15    | 0.08%             | 2032-08-01      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| Presidencia De La Nacion                                                       | Presidencia De La Nacion                                                       | CUSIP: 040114HS2<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | US        |    874400 | PA      | $743240.00    | 0.13%             | 2030-07-09      | Fixed         | 0.75%                 | No            | 2                  | On Loan: No      |
| Benchmark 2020-B19 Mortgage Trust                                              | Benchmark 2020-B19 Mortgage Trust                                              | CUSIP: 08162WBE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    405000 | PA      | $341187.88    | 0.06%             | 2030-09-17      | Fixed         | 2.15%                 | No            | 2                  | On Loan: No      |
| COMM 2025-167G Mortgage Trust                                                  | COMM 2025-167G Mortgage Trust                                                  | CUSIP: 12674VAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    557000 | PA      | $562963.63    | 0.10%             | 2030-08-12      | Variable      | 8.20%                 | No            | 2                  | On Loan: No      |
| ING Groep N.V.                                                                 | ING Groep N.V.                                                                 | CUSIP: 456837AZ6<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | US        |    615000 | PA      | $550425.00    | 0.09%             | 2500-12-31      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| Ursa Re II Ltd.                                                                | Ursa Re II Ltd.                                                                | CUSIP: 91734PAJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $748875.00    | 0.13%             | 2029-12-07      | Floating      | 8.86%                 | Yes           | 2                  | On Loan: No      |
| Zegona Finance PLC                                                             | Zegona Finance PLC                                                             | CUSIP: N/A<br>LEI: 254900B3KC1SS7T2TE92       | Long             | DBT              | CORP              | GB        |    180000 | PA      | $222112.80    | 0.04%             | 2029-07-15      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| CMA CGM                                                                        | CMA CGM                                                                        | CUSIP: N/A<br>LEI: 969500BZJ49IICIBZZ08       | Long             | DBT              | CORP              | FR        |    200000 | PA      | $234569.92    | 0.04%             | 2031-01-15      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| Catawba Nation Gaming Authority                                                | Catawba Nation Gaming Authority                                                | CUSIP: 14907EAD6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $2045000.00   | 0.35%             | 2031-12-13      | Floating      | 8.67%                 | No            | 2                  | On Loan: No      |
| Bayview Opportunity Master Fund VII 2025-EDU1 LLC                              | Bayview Opportunity Master Fund VII 2025-EDU1 LLC                              | CUSIP: 07337GAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    277858 | PA      | $277857.00    | 0.05%             | 2048-07-27      | Floating      | 5.67%                 | No            | 2                  | On Loan: No      |
| EMRLD Borrower LP                                                              | EMRLD Borrower LP                                                              | CUSIP: 26873CAB8<br>LEI: 5493000GJYE7GAQCUC61 | Long             | DBT              | CORP              | US        |    395000 | PA      | $415931.05    | 0.07%             | 2031-07-15      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| Oracle Corporation                                                             | Oracle Corporation                                                             | CUSIP: 68389XDR3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1332889.80   | 0.23%             | 2055-09-26      | Fixed         | 5.95%                 | No            | 2                  | On Loan: No      |
| Venture Global Plaquemines LNG, LLC                                            | Venture Global Plaquemines LNG, LLC                                            | CUSIP: 922966AF3<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    400000 | PA      | $408632.00    | 0.07%             | 2034-06-15      | Fixed         | 6.50%                 | Yes           | 2                  | On Loan: No      |
| Amber FinCo PLC                                                                | Amber FinCo PLC                                                                | CUSIP: N/A<br>LEI: 9845004C0870D380O790       | Long             | DBT              | CORP              | GB        |    200000 | PA      | $246498.20    | 0.04%             | 2029-07-15      | Fixed         | 6.63%                 | Yes           | 2                  | On Loan: No      |
| Castello (BC) Bidco S.p.A.                                                     | Castello (BC) Bidco S.p.A.                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | IT        |    136000 | PA      | $160845.30    | 0.03%             | 2031-11-14      | Floating      | 6.50%                 | Yes           | 2                  | On Loan: No      |
| Cheplapharm Arzneimittel GmbH                                                  | Cheplapharm Arzneimittel GmbH                                                  | CUSIP: N/A<br>LEI: 529900ONXKBELT7EW052       | Long             | DBT              | CORP              | DE        |    300000 | PA      | $364899.60    | 0.06%             | 2030-05-15      | Fixed         | 7.50%                 | Yes           | 2                  | On Loan: No      |
| Sudzucker International Finance B.V.                                           | Sudzucker International Finance B.V.                                           | CUSIP: N/A<br>LEI: 724500M1VGG79HOVI026       | Long             | DBT              | CORP              | NL        |    200000 | PA      | $225344.60    | 0.04%             | 2500-12-31      | Fixed         | 5.95%                 | Yes           | 2                  | On Loan: No      |
| Q-Park Holding I B.V.                                                          | Q-Park Holding I B.V.                                                          | CUSIP: N/A<br>LEI: 2549003839B7HE3NDP48       | Long             | DBT              | CORP              | NL        |    211000 | PA      | $255500.44    | 0.04%             | 2030-02-15      | Fixed         | 5.13%                 | Yes           | 2                  | On Loan: No      |
| Kier Group PLC                                                                 | Kier Group PLC                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | GB        |    100000 | PA      | $142886.80    | 0.02%             | 2029-02-15      | Fixed         | 9.00%                 | Yes           | 2                  | On Loan: No      |
| BCP V Modular Services Finance II PLC                                          | BCP V Modular Services Finance II PLC                                          | CUSIP: N/A<br>LEI: 213800227GGD6UI7PI97       | Long             | DBT              | CORP              | GB        |    100000 | PA      | $109290.07    | 0.02%             | 2031-07-10      | Fixed         | 6.50%                 | Yes           | 2                  | On Loan: No      |
| LSF12 Badger Bidco LLC                                                         | LSF12 Badger Bidco LLC                                                         | CUSIP: 50221PAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1880789 | PA      | $1885491.45   | 0.32%             | 2030-07-25      | Floating      | 9.42%                 | No            | 2                  | On Loan: No      |
| Bingo Holdings I LLC                                                           | Bingo Holdings I LLC                                                           | CUSIP: 09081AAC4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1000000 | PA      | $980000.00    | 0.17%             | 2032-06-30      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| Turkiye Is Bankasi Anonim Sirketi                                              | Turkiye Is Bankasi Anonim Sirketi                                              | CUSIP: N/A<br>LEI: 789000FIRX9MDN0KTM91       | Long             | DBT              | CORP              | US        |    250000 | PA      | $263500.00    | 0.05%             | 2029-06-12      | Fixed         | 7.75%                 | Yes           | 2                  | On Loan: No      |
| Hilcorp Energy I, L.P.                                                         | Hilcorp Energy I, L.P.                                                         | CUSIP: 431318BC7<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |    160000 | PA      | $162979.20    | 0.03%             | 2033-11-01      | Fixed         | 8.38%                 | Yes           | 2                  | On Loan: No      |
| PennyMac Financial Services, Inc.                                              | PennyMac Financial Services, Inc.                                              | CUSIP: 70932MAH0<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |     65000 | PA      | $67091.05     | 0.01%             | 2034-02-15      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| Team Health Holdings, Inc.                                                     | Team Health Holdings, Inc.                                                     | CUSIP: 87817AAE7<br>LEI: 549300PVTQ4UDTTMQT11 | Long             | DBT              | CORP              | US        |    510000 | PA      | $515737.50    | 0.09%             | 2028-06-30      | Fixed         | 8.38%                 | Yes           | 2                  | On Loan: No      |
| Verisure Midholding AB                                                         | Verisure Midholding AB                                                         | CUSIP: N/A<br>LEI: 549300496LYEZ55X1M49       | Long             | DBT              | CORP              | SE        |    435000 | PA      | $513164.83    | 0.09%             | 2029-02-15      | Fixed         | 5.25%                 | Yes           | 2                  | On Loan: No      |
| AX Southeast Loan Investor LLC                                                 | AX Southeast Loan Investor LLC                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   8000000 | NS      | $9586400.00   | 1.64%             |  |  |  | Yes           | 2                  | On Loan: No      |
| Azelis Finance                                                                 | Azelis Finance                                                                 | CUSIP: N/A<br>LEI: 699400J0P7A5VXKGK641       | Long             | DBT              | CORP              | BE        |    100000 | PA      | $120210.03    | 0.02%             | 2029-09-25      | Fixed         | 4.75%                 | Yes           | 2                  | On Loan: No      |
| Genuine Financial Holdings, LLC                                                | Genuine Financial Holdings, LLC                                                | CUSIP: 37190DAN3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1975000 | PA      | $1656531.26   | 0.28%             | 2030-09-27      | Floating      | 7.17%                 | No            | 2                  | On Loan: No      |
| Banco Mercantil Del Norte S.A.                                                 | Banco Mercantil Del Norte S.A.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    215000 | PA      | $210805.35    | 0.04%             | 2500-12-31      | Fixed         | 6.63%                 | Yes           | 2                  | On Loan: No      |
| ELM Trust 2024-ELM                                                             | ELM Trust 2024-ELM                                                             | CUSIP: 26860XAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    325000 | PA      | $326382.16    | 0.06%             | 2027-06-11      | Variable      | 6.90%                 | No            | 2                  | On Loan: No      |
| Howard Midstream Energy Partners, LLC                                          | Howard Midstream Energy Partners, LLC                                          | CUSIP: 442722AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    720000 | PA      | $758793.60    | 0.13%             | 2032-07-15      | Fixed         | 7.38%                 | Yes           | 2                  | On Loan: No      |
| Kendall Re Ltd.                                                                | Kendall Re Ltd.                                                                | CUSIP: 48878QAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $782850.00    | 0.13%             | 2027-04-30      | Floating      | 11.54%                | Yes           | 2                  | On Loan: No      |
| Kilimanjaro III Re Limited                                                     | Kilimanjaro III Re Limited                                                     | CUSIP: 49407PAJ9<br>LEI: 254900T37LD5YQ545V53 | Long             | DBT              | CORP              | US        |    500000 | PA      | $504300.00    | 0.09%             | 2026-04-20      | Floating      | 8.78%                 | Yes           | 2                  | On Loan: No      |
| Ocelot Re Ltd.                                                                 | Ocelot Re Ltd.                                                                 | CUSIP: 675951AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1942370.00   | 0.33%             | 2031-01-07      | Floating      | 11.67%                | Yes           | 2                  | On Loan: No      |
| Sanders Re II Ltd.                                                             | Sanders Re II Ltd.                                                             | CUSIP: 80001RAB7<br>LEI: 254900VRQU0N0MF3CT92 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1040500.00   | 0.18%             | 2029-04-07      | Floating      | 8.99%                 | Yes           | 2                  | On Loan: No      |
| Verus Securitization Trust 2025-3                                              | Verus Securitization Trust 2025-3                                              | CUSIP: 924928AD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    270000 | PA      | $276423.30    | 0.05%             | 2070-05-25      | Variable      | 6.65%                 | No            | 2                  | On Loan: No      |
| Wayfair LLC                                                                    | Wayfair LLC                                                                    | CUSIP: 94419NAB3<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |    225000 | PA      | $239193.00    | 0.04%             | 2030-09-15      | Fixed         | 7.75%                 | Yes           | 2                  | On Loan: No      |
| Fedrigoni S.P.A.                                                               | Fedrigoni S.P.A.                                                               | CUSIP: N/A<br>LEI: 81560079496BA27EC472       | Long             | DBT              | CORP              | IT        |    250000 | PA      | $286316.91    | 0.05%             | 2031-06-15      | Fixed         | 6.13%                 | Yes           | 2                  | On Loan: No      |
| Telecom Italia S.p.A.                                                          | Telecom Italia S.p.A.                                                          | CUSIP: N/A<br>LEI: 549300W384M3RI3VXU42       | Long             | DBT              | CORP              | IT        |    200000 | PA      | $261573.66    | 0.04%             | 2028-07-31      | Fixed         | 7.88%                 | Yes           | 2                  | On Loan: No      |
| Trulite Holding Corp.                                                          | Trulite Holding Corp.                                                          | CUSIP: 89789MAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1925000 | PA      | $1848000.00   | 0.32%             | 2031-02-15      | Floating      | 9.98%                 | No            | 3                  | On Loan: No      |
| Cornerstone Generation LLC                                                     | Cornerstone Generation LLC                                                     | CUSIP: 21924NAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $2015720.00   | 0.35%             | 2031-10-15      | Floating      | 7.09%                 | No            | 2                  | On Loan: No      |
| BX Trust                                                                       | BX Trust                                                                       | CUSIP: 05612AAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    278000 | PA      | $275339.68    | 0.05%             | 2029-02-15      | Floating      | 6.39%                 | No            | 2                  | On Loan: No      |
| Blue Ridge Re Ltd.                                                             | Blue Ridge Re Ltd.                                                             | CUSIP: 096003AE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $499500.00    | 0.09%             | 2029-01-08      | Floating      | 11.63%                | Yes           | 2                  | On Loan: No      |
| Midwest Gaming Borrower, LLC                                                   | Midwest Gaming Borrower, LLC                                                   | CUSIP: 59833DAB6<br>LEI: 5493005826VXDUREHL94 | Long             | DBT              | CORP              | US        |    860000 | PA      | $845595.00    | 0.15%             | 2029-05-01      | Fixed         | 4.88%                 | Yes           | 2                  | On Loan: No      |
| Rakuten Group, Inc.                                                            | Rakuten Group, Inc.                                                            | CUSIP: N/A<br>LEI: 529900IMXUCQKUL1H943       | Long             | DBT              | CORP              | JP        |    200000 | PA      | $227107.40    | 0.04%             | 2500-12-31      | Fixed         | 4.25%                 | Yes           | 2                  | On Loan: No      |
| Snf Group                                                                      | Snf Group                                                                      | CUSIP: N/A<br>LEI: 969500F7036FEDYPRV54       | Long             | DBT              | CORP              | FR        |    100000 | PA      | $120791.76    | 0.02%             | 2032-03-15      | Fixed         | 4.50%                 | Yes           | 2                  | On Loan: No      |
| Globalworth Real Estate Investments Limited                                    | Globalworth Real Estate Investments Limited                                    | CUSIP: N/A<br>LEI: 213800R3E823B1UBIA81       | Long             | DBT              | CORP              | GG        |    282001 | PA      | $337147.46    | 0.06%             | 2030-03-31      | Fixed         | 6.25%                 | Yes           | 2                  | On Loan: No      |
| Fressnapf Holding SE                                                           | Fressnapf Holding SE                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | DE        |    350000 | PA      | $409855.70    | 0.07%             | 2031-10-31      | Fixed         | 5.25%                 | Yes           | 2                  | On Loan: No      |
| CPI Property Group                                                             | CPI Property Group                                                             | CUSIP: N/A<br>LEI: 222100CO2ZOTEPGJO223       | Long             | DBT              | CORP              | LU        |    204000 | PA      | $221578.04    | 0.04%             | 2500-12-31      | Fixed         | 7.50%                 | Yes           | 2                  | On Loan: No      |
| Vedanta Resources Limited                                                      | Vedanta Resources Limited                                                      | CUSIP: N/A<br>LEI: 2138007MYEKPEAZQTW83       | Long             | DBT              | CORP              | US        |    450000 | PA      | $474328.13    | 0.08%             | 2029-09-17      | Fixed         | 10.88%                | Yes           | 2                  | On Loan: No      |
| Crash Champions, LLC                                                           | Crash Champions, LLC                                                           | CUSIP: 15870MAC0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1046589 | PA      | $990114.70    | 0.17%             | 2029-02-23      | Floating      | 8.57%                 | No            | 2                  | On Loan: No      |
| Acrisure, LLC                                                                  | Acrisure, LLC                                                                  | CUSIP: 00489LAM5<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | DBT              | CORP              | US        |    420000 | PA      | $438345.60    | 0.08%             | 2029-06-15      | Fixed         | 8.50%                 | Yes           | 2                  | On Loan: No      |
| BX Commercial Mortgage Trust 2018-BIOA                                         | BX Commercial Mortgage Trust 2018-BIOA                                         | CUSIP: 05594LAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $199750.56    | 0.03%             | 2027-11-15      | Floating      | 5.65%                 | No            | 2                  | On Loan: No      |
| Benchmark 2020-B16 Mortgage Trust                                              | Benchmark 2020-B16 Mortgage Trust                                              | CUSIP: 08161NAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    373000 | PA      | $330767.00    | 0.06%             | 2030-01-17      | Variable      | 3.18%                 | No            | 2                  | On Loan: No      |
| Bonanza Re Ltd                                                                 | Bonanza Re Ltd                                                                 | CUSIP: 09785EAQ4<br>LEI: 5493003F0CXUQ2C83105 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1533000.00   | 0.26%             | 2027-12-20      | Floating      | 9.25%                 | Yes           | 2                  | On Loan: No      |
| Residential Reinsurance 2025 Ltd.                                              | Residential Reinsurance 2025 Ltd.                                              | CUSIP: 76091JAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $994700.00    | 0.17%             | 2029-12-06      | Floating      | 7.11%                 | Yes           | 2                  | On Loan: No      |
| Spire Inc.                                                                     | Spire Inc.                                                                     | CUSIP: 84857LAE1<br>LEI: 549300NXSY15DRY2R511 | Long             | DBT              | CORP              | US        |    420000 | PA      | $419987.61    | 0.07%             | 2056-06-01      | Fixed         | 6.45%                 | No            | 2                  | On Loan: No      |
| Torrey Pines Re Ltd.                                                           | Torrey Pines Re Ltd.                                                           | CUSIP: 89141WAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1007100.00   | 0.17%             | 2026-06-05      | Floating      | 9.09%                 | Yes           | 2                  | On Loan: No      |
| W. R. Grace Holdings LLC                                                       | W. R. Grace Holdings LLC                                                       | CUSIP: 92943GAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    215000 | PA      | $203460.95    | 0.03%             | 2029-08-15      | Fixed         | 5.63%                 | Yes           | 2                  | On Loan: No      |
| CTEC II GmbH                                                                   | CTEC II GmbH                                                                   | CUSIP: N/A<br>LEI: 98450044C9BACG3DA974       | Long             | DBT              | CORP              | DE        |    200000 | PA      | $219468.60    | 0.04%             | 2030-02-15      | Fixed         | 5.25%                 | Yes           | 2                  | On Loan: No      |
| Ephios Subco 3 S.a r.l.                                                        | Ephios Subco 3 S.a r.l.                                                        | CUSIP: N/A<br>LEI: 213800E4EG6VFUFVEH64       | Long             | DBT              | CORP              | LU        |    300000 | PA      | $374429.29    | 0.06%             | 2031-01-31      | Fixed         | 7.88%                 | Yes           | 2                  | On Loan: No      |
| TAP-Transportes Aereos Portugueses, SGPS, S.A.                                 | TAP-Transportes Aereos Portugueses, SGPS, S.A.                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | PT        |    300000 | PA      | $365301.52    | 0.06%             | 2029-11-15      | Fixed         | 5.13%                 | Yes           | 2                  | On Loan: No      |
| Fortune Star (BVI) Limited                                                     | Fortune Star (BVI) Limited                                                     | CUSIP: N/A<br>LEI: 2549008CU8NYQQRSNU62       | Long             | DBT              | CORP              | US        |    330000 | PA      | $322987.50    | 0.06%             | 2027-01-27      | Fixed         | 5.05%                 | Yes           | 2                  | On Loan: No      |
| Vision Solutions, Inc.                                                         | Vision Solutions, Inc.                                                         | CUSIP: 92834PAR4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1800000 | PA      | $1683000.00   | 0.29%             | 2029-04-23      | Floating      | 11.35%                | No            | 2                  | On Loan: No      |
| Veritiv Corporation                                                            | Veritiv Corporation                                                            | CUSIP: 92338TAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1980000 | PA      | $1977742.76   | 0.34%             | 2030-11-30      | Floating      | 8.00%                 | No            | 2                  | On Loan: No      |
| Viant Medical Holdings, Inc.                                                   | Viant Medical Holdings, Inc.                                                   | CUSIP: 92556MAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2493719 | PA      | $2465040.83   | 0.42%             | 2031-10-15      | Floating      | 7.92%                 | No            | 2                  | On Loan: No      |
| Auris Luxembourg III S.a.r.l.                                                  | Auris Luxembourg III S.a.r.l.                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      4950 | PA      | $4976.37      | 0.00%             | 2029-02-28      | Floating      | 7.25%                 | No            | 2                  | On Loan: No      |
| Dawn Bidco LLC                                                                 | Dawn Bidco LLC                                                                 | CUSIP: 23923YAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1000000 | PA      | $996430.00    | 0.17%             | 2032-10-07      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| Daintree Bidco Pty Ltd.                                                        | Daintree Bidco Pty Ltd.                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1000000 | PA      | $992500.00    | 0.17%             | 2049-12-31      | Floating      | 0.00%                 | No            | 3                  | On Loan: No      |
| TMC Buyer, Inc                                                                 | TMC Buyer, Inc                                                                 | CUSIP: 87258YAG6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1820487 | PA      | $1824473.87   | 0.31%             | 2030-10-27      | Floating      | 8.57%                 | No            | 2                  | On Loan: No      |
| Albion Financing 3 S.a r.l.                                                    | Albion Financing 3 S.a r.l.                                                    | CUSIP: 01330EAD0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1566576 | PA      | $1574408.96   | 0.27%             | 2031-05-21      | Floating      | 6.87%                 | No            | 2                  | On Loan: No      |
| Albion Financing 3 S.a r.l.                                                    | Albion Financing 3 S.a r.l.                                                    | CUSIP: 01330EAD0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    408524 | PA      | $410566.41    | 0.07%             | 2031-05-21      | Floating      | 6.87%                 | No            | 2                  | On Loan: No      |
| Summit Behavioral Healthcare LLC                                               | Summit Behavioral Healthcare LLC                                               | CUSIP: 86602KAJ5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1969949 | PA      | $1699081.21   | 0.29%             | 2029-12-31      | Floating      | 8.51%                 | No            | 2                  | On Loan: No      |
| FS Luxembourg S.a r.l.                                                         | FS Luxembourg S.a r.l.                                                         | CUSIP: 30315XAC8<br>LEI: 222100EKR3JUJPGGOY81 | Long             | DBT              | CORP              | US        |    382000 | PA      | $398594.08    | 0.07%             | 2031-02-12      | Fixed         | 8.88%                 | Yes           | 2                  | On Loan: No      |
| PetSmart, LLC                                                                  | PetSmart, LLC                                                                  | CUSIP: 71677KAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    230000 | PA      | $233847.90    | 0.04%             | 2032-09-15      | Fixed         | 7.50%                 | Yes           | 2                  | On Loan: No      |
| Torrey Pines Re Ltd.                                                           | Torrey Pines Re Ltd.                                                           | CUSIP: 89141WAN2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $514800.00    | 0.09%             | 2028-06-07      | Floating      | 10.25%                | Yes           | 2                  | On Loan: No      |
| VMED O2 UK Financing I PLC                                                     | VMED O2 UK Financing I PLC                                                     | CUSIP: N/A<br>LEI: 213800MRR46ECNGZ7L69       | Long             | DBT              | CORP              | GB        |    213000 | PA      | $251504.10    | 0.04%             | 2032-04-15      | Fixed         | 5.63%                 | Yes           | 2                  | On Loan: No      |
| Pinewood Finco PLC                                                             | Pinewood Finco PLC                                                             | CUSIP: N/A<br>LEI: 984500EF3F7CA63ND769       | Long             | DBT              | CORP              | GB        |    145000 | PA      | $196430.09    | 0.03%             | 2030-03-27      | Fixed         | 6.00%                 | Yes           | 2                  | On Loan: No      |
| Gainwell Acquisition Corp.                                                     | Gainwell Acquisition Corp.                                                     | CUSIP: 59909TAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2493456 | PA      | $2445456.48   | 0.42%             | 2027-08-17      | Floating      | 8.10%                 | No            | 2                  | On Loan: No      |
| Galaxy US Opco Inc.                                                            | Galaxy US Opco Inc.                                                            | CUSIP: 36321DAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    664526 | PA      | $636755.63    | 0.11%             | 2029-04-19      | Floating      | 5.84%                 | No            | 2                  | On Loan: No      |
| Darktrace PLC                                                                  | Darktrace PLC                                                                  | CUSIP: 52526CAD1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1000000 | PA      | $988590.00    | 0.17%             | 2032-07-02      | Floating      | 9.19%                 | No            | 2                  | On Loan: No      |
| Kodiak Gas Services, LLC                                                       | Kodiak Gas Services, LLC                                                       | CUSIP: 50012LAD6<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    150000 | PA      | $153052.13    | 0.03%             | 2033-10-01      | Fixed         | 6.50%                 | Yes           | 2                  | On Loan: No      |
| Standard Building Solutions Inc.                                               | Standard Building Solutions Inc.                                               | CUSIP: 853496AG2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |     70000 | PA      | $67426.10     | 0.01%             | 2030-07-15      | Fixed         | 4.38%                 | Yes           | 2                  | On Loan: No      |
| Tecpetrol                                                                      | Tecpetrol                                                                      | CUSIP: 87876TAH7<br>LEI: 529900C0GOV3UC7ZMZ16 | Long             | DBT              | CORP              | US        |    115000 | PA      | $114195.58    | 0.02%             | 2030-11-03      | Fixed         | 7.63%                 | Yes           | 2                  | On Loan: No      |
| ZF Friedrichshafen AG                                                          | ZF Friedrichshafen AG                                                          | CUSIP: N/A<br>LEI: 529900CAYOWB8YIG7X25       | Long             | DBT              | CORP              | DE        |    100000 | PA      | $115451.65    | 0.02%             | 2028-09-21      | Fixed         | 3.75%                 | Yes           | 2                  | On Loan: No      |
| Allied Universal Holdco LLC                                                    | Allied Universal Holdco LLC                                                    | CUSIP: N/A<br>LEI: 98450038B4549046D794       | Long             | DBT              | CORP              | NL        |    200000 | PA      | $232689.60    | 0.04%             | 2028-06-01      | Fixed         | 3.63%                 | Yes           | 2                  | On Loan: No      |
| Schaeffler AG                                                                  | Schaeffler AG                                                                  | CUSIP: N/A<br>LEI: 549300Q7E782X7GC1P43       | Long             | DBT              | CORP              | DE        |    700000 | PA      | $841659.43    | 0.14%             | 2030-03-28      | Fixed         | 4.50%                 | Yes           | 2                  | On Loan: No      |
| Lumen Technologies, Inc.                                                       | Lumen Technologies, Inc.                                                       | CUSIP: 55024EAD7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1459827 | PA      | $1465038.90   | 0.25%             | 2028-06-01      | Floating      | 9.92%                 | No            | 2                  | On Loan: No      |
| Archkey Solutions LLC                                                          | Archkey Solutions LLC                                                          | CUSIP: 48205CAC9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    892075 | PA      | $900442.22    | 0.15%             | 2031-10-10      | Floating      | 8.25%                 | No            | 2                  | On Loan: No      |
| Bingo Holdings I LLC                                                           | Bingo Holdings I LLC                                                           | CUSIP: 09081AAC4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1000000 | PA      | $980000.00    | 0.17%             | 2032-06-11      | Floating      | 8.75%                 | No            | 2                  | On Loan: No      |
| Altice France S.A.                                                             | Altice France S.A.                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1000000 | PA      | $986250.00    | 0.17%             | 2028-10-30      | Floating      | 9.05%                 | No            | 2                  | On Loan: No      |
| Akbank Turk Anonim Sirketi                                                     | Akbank Turk Anonim Sirketi                                                     | CUSIP: N/A<br>LEI: 789000TUMN63Z28TJ497       | Long             | DBT              | CORP              | US        |    300000 | PA      | $301500.00    | 0.05%             | 2031-06-22      | Fixed         | 6.80%                 | Yes           | 2                  | On Loan: No      |
| BX Trust 2025-GW                                                               | BX Trust 2025-GW                                                               | CUSIP: 12433GAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $100000.04    | 0.02%             | 2042-07-15      | Floating      | 6.71%                 | No            | 2                  | On Loan: No      |
| Dominion Energy, Inc.                                                          | Dominion Energy, Inc.                                                          | CUSIP: 25746UDV8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    970000 | PA      | $998255.32    | 0.17%             | 2055-05-15      | Fixed         | 6.63%                 | No            | 2                  | On Loan: No      |
| JNL Government Money Market Fund                                               | JNL Government Money Market Fund                                               | CUSIP: 46628D437<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   7619627 | NS      | $7619627.04   | 1.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Light and Wonder International, Inc.                                           | Light and Wonder International, Inc.                                           | CUSIP: 531968AB1<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    330000 | PA      | $333471.60    | 0.06%             | 2033-10-01      | Fixed         | 6.25%                 | Yes           | 2                  | On Loan: No      |
| Turris Re Ltd.                                                                 | Turris Re Ltd.                                                                 | CUSIP: 900442AA2<br>LEI: 254900AYLTVDMB8FO181 | Long             | DBT              | CORP              | US        |    600000 | PA      | $598920.00    | 0.10%             | 2029-01-08      | Floating      | 6.16%                 | Yes           | 2                  | On Loan: No      |
| Ursa Re II Ltd.                                                                | Ursa Re II Ltd.                                                                | CUSIP: 91734PAH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1277500.00   | 0.22%             | 2028-06-07      | Floating      | 12.77%                | Yes           | 2                  | On Loan: No      |
| Wintershall Dea GmbH                                                           | Wintershall Dea GmbH                                                           | CUSIP: N/A<br>LEI: 529900PP4O3OCBMO9C52       | Long             | DBT              | CORP              | NL        |    300000 | PA      | $338457.60    | 0.06%             | 2500-12-31      | Fixed         | 3.00%                 | Yes           | 2                  | On Loan: No      |
| Valeo                                                                          | Valeo                                                                          | CUSIP: N/A<br>LEI: 5493006IH2N2WMIBB742       | Long             | DBT              | CORP              | FR        |    100000 | PA      | $117280.26    | 0.02%             | 2032-03-23      | Fixed         | 4.63%                 | Yes           | 2                  | On Loan: No      |
| CT Investment GmbH                                                             | CT Investment GmbH                                                             | CUSIP: N/A<br>LEI: 529900VYBTC7HKBCNB72       | Long             | DBT              | CORP              | DE        |    200000 | PA      | $243722.38    | 0.04%             | 2030-04-15      | Fixed         | 6.38%                 | Yes           | 2                  | On Loan: No      |
| Great Outdoors Group, LLC                                                      | Great Outdoors Group, LLC                                                      | CUSIP: 07014QAP6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1985000 | PA      | $1994925.00   | 0.34%             | 2032-01-20      | Floating      | 7.17%                 | No            | 2                  | On Loan: No      |
| Beazer Homes USA, Inc.                                                         | Beazer Homes USA, Inc.                                                         | CUSIP: 07556QBT1<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203375.00    | 0.03%             | 2029-10-15      | Fixed         | 7.25%                 | No            | 2                  | On Loan: No      |
| Compania de Minas Buenaventura S.A.A.                                          | Compania de Minas Buenaventura S.A.A.                                          | CUSIP: 204448AB0<br>LEI: 529900WQB1ZU9KB6EL71 | Long             | DBT              | CORP              | US        |    200000 | PA      | $208026.00    | 0.04%             | 2032-02-04      | Fixed         | 6.80%                 | Yes           | 2                  | On Loan: No      |
| Mona Lisa RE Ltd.                                                              | Mona Lisa RE Ltd.                                                              | CUSIP: 608800AH1<br>LEI: 549300R6SO6XBFDC7M25 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1842630.00   | 0.32%             | 2027-06-25      | Floating      | 13.67%                | Yes           | 2                  | On Loan: No      |
| One Market Plaza Trust 2017-1MKT                                               | One Market Plaza Trust 2017-1MKT                                               | CUSIP: 68245HAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    106000 | PA      | $100340.74    | 0.02%             | 2032-02-10      | Fixed         | 3.85%                 | No            | 2                  | On Loan: No      |
| WBI Operations LLC                                                             | WBI Operations LLC                                                             | CUSIP: 92944BAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    210000 | PA      | $210735.00    | 0.04%             | 2030-10-15      | Fixed         | 6.25%                 | Yes           | 2                  | On Loan: No      |
| Altice France                                                                  | Altice France                                                                  | CUSIP: N/A<br>LEI: 5493001ZMCICV4N02J21       | Long             | DBT              | CORP              | LU        |    327713 | PA      | $364882.12    | 0.06%             | 2031-10-15      | Fixed         | 5.50%                 | Yes           | 2                  | On Loan: No      |
| Ontex Group                                                                    | Ontex Group                                                                    | CUSIP: N/A<br>LEI: 549300AQESC6JJOPW253       | Long             | DBT              | CORP              | BE        |    100000 | PA      | $116161.47    | 0.02%             | 2030-04-15      | Fixed         | 5.25%                 | Yes           | 2                  | On Loan: No      |
| Punch Finance PLC                                                              | Punch Finance PLC                                                              | CUSIP: N/A<br>LEI: 2138006IJRIU1Q5DN388       | Long             | DBT              | CORP              | GB        |    150000 | PA      | $206098.94    | 0.04%             | 2030-12-30      | Fixed         | 7.88%                 | Yes           | 2                  | On Loan: No      |
| Bell Canada inc.                                                               | Bell Canada inc.                                                               | CUSIP: 0778FPAQ2<br>LEI: 549300O5ZKB2MUUSKB97 | Long             | DBT              | CORP              | US        |   1280000 | PA      | $1341308.54   | 0.23%             | 2055-09-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| CSC Holdings, LLC                                                              | CSC Holdings, LLC                                                              | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    175000 | PA      | $129470.25    | 0.02%             | 2029-01-31      | Fixed         | 11.75%                | Yes           | 2                  | On Loan: No      |
| 888 Acquisitions Limited                                                       | 888 Acquisitions Limited                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1957018 | PA      | $1667144.12   | 0.29%             | 2028-07-01      | Floating      | 9.05%                 | No            | 2                  | On Loan: No      |
| Charter Communications Operating, LLC                                          | Charter Communications Operating, LLC                                          | CUSIP: 161175CS1<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1897395.86   | 0.33%             | 2035-12-01      | Fixed         | 5.85%                 | No            | 2                  | On Loan: No      |
| Meritage Re Ltd.                                                               | Meritage Re Ltd.                                                               | CUSIP: 59002JAA0<br>LEI: 254900TG8PO2J3ZD4Q82 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999989.90    | 0.17%             | 2029-03-08      | Floating      | 0.00%                 | Yes           | 2                  | On Loan: No      |
| Mona Lisa RE Ltd.                                                              | Mona Lisa RE Ltd.                                                              | CUSIP: 608800AM0<br>LEI: 549300R6SO6XBFDC7M25 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1499850.00   | 0.26%             | 2030-01-08      | Floating      | 4.18%                 | Yes           | 2                  | On Loan: No      |
| Sensata Technologies, Inc.                                                     | Sensata Technologies, Inc.                                                     | CUSIP: 81728UAC8<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |    295000 | PA      | $308369.40    | 0.05%             | 2032-07-15      | Fixed         | 6.63%                 | Yes           | 2                  | On Loan: No      |
| Eurofins Scientific SE                                                         | Eurofins Scientific SE                                                         | CUSIP: N/A<br>LEI: 529900JEHFM47DYY3S57       | Long             | DBT              | CORP              | LU        |    300000 | PA      | $374154.30    | 0.06%             | 2500-12-31      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| Heimstaden Bostad AB                                                           | Heimstaden Bostad AB                                                           | CUSIP: N/A<br>LEI: 549300TJR3PR8EXILG79       | Long             | DBT              | CORP              | NL        |    100000 | PA      | $103197.84    | 0.02%             | 2031-10-13      | Fixed         | 1.63%                 | Yes           | 2                  | On Loan: No      |
| Elior Group                                                                    | Elior Group                                                                    | CUSIP: N/A<br>LEI: 969500LYSYS0E800SQ95       | Long             | DBT              | CORP              | FR        |    200000 | PA      | $243560.20    | 0.04%             | 2030-03-15      | Fixed         | 5.63%                 | Yes           | 2                  | On Loan: No      |
| IHS Holding Limited                                                            | IHS Holding Limited                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    200000 | PA      | $208644.00    | 0.04%             | 2031-11-29      | Fixed         | 8.25%                 | Yes           | 2                  | On Loan: No      |
| Studio City Finance Limited                                                    | Studio City Finance Limited                                                    | CUSIP: N/A<br>LEI: 254900D6R731QAUIG324       | Long             | DBT              | CORP              | US        |    250000 | PA      | $250033.75    | 0.04%             | 2028-01-15      | Fixed         | 6.50%                 | Yes           | 2                  | On Loan: No      |
| Trident TPI Holdings, Inc.                                                     | Trident TPI Holdings, Inc.                                                     | CUSIP: 00216EAL3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1970063 | PA      | $1888797.44   | 0.32%             | 2028-09-15      | Floating      | 7.75%                 | No            | 2                  | On Loan: No      |
| Gategroup Fin Luxembourg S.A.                                                  | Gategroup Fin Luxembourg S.A.                                                  | CUSIP: L41745AA5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1990000 | PA      | $1999950.00   | 0.34%             | 2032-06-16      | Floating      | 7.20%                 | No            | 2                  | On Loan: No      |
| Bayview Opportunity Master Fund VII 2025-EDU1 LLC                              | Bayview Opportunity Master Fund VII 2025-EDU1 LLC                              | CUSIP: 07337GAD5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    242663 | PA      | $242661.65    | 0.04%             | 2048-07-27      | Floating      | 6.12%                 | No            | 2                  | On Loan: No      |
| CHI Commercial Mortgage Trust 2025-SFT                                         | CHI Commercial Mortgage Trust 2025-SFT                                         | CUSIP: 12577HAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    911000 | PA      | $915313.49    | 0.16%             | 2030-12-13      | Variable      | 6.63%                 | No            | 2                  | On Loan: No      |
| Churchill Downs Incorporated                                                   | Churchill Downs Incorporated                                                   | CUSIP: 171484AJ7<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    190000 | PA      | $196948.30    | 0.03%             | 2031-05-01      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| Warnermedia Holdings, Inc.                                                     | Warnermedia Holdings, Inc.                                                     | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     95000 | PA      | $67093.75     | 0.01%             | 2042-03-15      | Fixed         | 5.05%                 | No            | 2                  | On Loan: No      |
| The PNC Financial Services Group, Inc.                                         | The PNC Financial Services Group, Inc.                                         | CUSIP: 693475BC8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    805000 | PA      | $787885.78    | 0.14%             | 2500-12-31      | Fixed         | 3.40%                 | No            | 2                  | On Loan: No      |
| Bombardier Inc.                                                                | Bombardier Inc.                                                                | CUSIP: 097751CD1<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | US        |     20000 | PA      | $21086.20     | 0.00%             | 2033-06-15      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| Samarco Mineracao S.A.                                                         | Samarco Mineracao S.A.                                                         | CUSIP: 79588YAA7<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | US        |    291412 | PA      | $296420.64    | 0.05%             | 2031-06-30      | Fixed         | 9.00%                 | Yes           | 2                  | On Loan: No      |
| TransDigm Inc.                                                                 | TransDigm Inc.                                                                 | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    485000 | PA      | $503779.20    | 0.09%             | 2032-03-01      | Fixed         | 6.63%                 | Yes           | 2                  | On Loan: No      |
| Co-operative Group Limited                                                     | Co-operative Group Limited                                                     | CUSIP: N/A<br>LEI: 213800TKR59ER8Z69V16       | Long             | DBT              | CORP              | GB        |    260000 | PA      | $353428.58    | 0.06%             | 2026-07-08      | Fixed         | 7.50%                 | Yes           | 2                  | On Loan: No      |
| IHO Verwaltungs GmbH                                                           | IHO Verwaltungs GmbH                                                           | CUSIP: N/A<br>LEI: 529900JL0HDVGZMUJF32       | Long             | DBT              | CORP              | DE        |    250000 | PA      | $306430.46    | 0.05%             | 2028-05-15      | Fixed         | 8.75%                 | Yes           | 2                  | On Loan: No      |
| HUB International Limited                                                      | HUB International Limited                                                      | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    570000 | PA      | $597194.70    | 0.10%             | 2030-06-15      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| Kendall Re Ltd.                                                                | Kendall Re Ltd.                                                                | CUSIP: 48878QAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1566900.00   | 0.27%             | 2027-04-30      | Floating      | 10.05%                | Yes           | 2                  | On Loan: No      |
| Cutting Edge Group                                                             | Cutting Edge Group                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |    111388 | NS      | $108959.25    | 0.02%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Maison Finco PLC                                                               | Maison Finco PLC                                                               | CUSIP: N/A<br>LEI: 9845007743J958DAS530       | Long             | DBT              | CORP              | GB        |    200000 | PA      | $267274.32    | 0.05%             | 2027-10-31      | Fixed         | 6.00%                 | Yes           | 2                  | On Loan: No      |
| Miller Homes Group (Finco) PLC                                                 | Miller Homes Group (Finco) PLC                                                 | CUSIP: N/A<br>LEI: 98450057058CDE2E9650       | Long             | DBT              | CORP              | GB        |    200000 | PA      | $271275.04    | 0.05%             | 2029-05-15      | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| Assemblin Caverion Group AB                                                    | Assemblin Caverion Group AB                                                    | CUSIP: N/A<br>LEI: 636700ULD38LN63RC248       | Long             | DBT              | CORP              | SE        |    350000 | PA      | $427316.23    | 0.07%             | 2030-07-01      | Fixed         | 6.25%                 | Yes           | 2                  | On Loan: No      |
| Medline Borrower, LP                                                           | Medline Borrower, LP                                                           | CUSIP: 58506DAA6<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |     90000 | PA      | $93122.60     | 0.02%             | 2029-04-01      | Fixed         | 6.25%                 | Yes           | 2                  | On Loan: No      |
| Montoya Re Ltd.                                                                | Montoya Re Ltd.                                                                | CUSIP: 613752AF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2249830.58   | 0.39%             | 2030-04-09      | Floating      | 8.87%                 | Yes           | 2                  | On Loan: No      |
| Forvia                                                                         | Forvia                                                                         | CUSIP: N/A<br>LEI: 969500F0VMZLK2IULV85       | Long             | DBT              | CORP              | FR        |    350000 | PA      | $424622.09    | 0.07%             | 2031-06-15      | Fixed         | 5.50%                 | Yes           | 2                  | On Loan: No      |
| Amspec Parent LLC                                                              | Amspec Parent LLC                                                              | CUSIP: 03218AAF6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    120000 | PA      | $120000.00    | 0.02%             | 2031-12-22      | Floating      | 7.40%                 | No            | 2                  | On Loan: No      |
| Block, Inc.                                                                    | Block, Inc.                                                                    | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20508.00     | 0.00%             | 2033-08-15      | Fixed         | 6.00%                 | Yes           | 2                  | On Loan: No      |
| Verde Purchaser, LLC                                                           | Verde Purchaser, LLC                                                           | CUSIP: 92339LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    205000 | PA      | $220391.40    | 0.04%             | 2030-11-30      | Fixed         | 10.50%                | Yes           | 2                  | On Loan: No      |
| Altice France S.A.                                                             | Altice France S.A.                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1000000 | PA      | $998540.00    | 0.17%             | 2031-05-31      | Floating      | 10.86%                | No            | 2                  | On Loan: No      |
| Lune Holdings S.a r.l.                                                         | Lune Holdings S.a r.l.                                                         | CUSIP: N/A<br>LEI: 54930003WQ56T0558M33       | Long             | DBT              | CORP              | LU        |    150000 | PA      | $20272.20     | 0.00%             | 2028-11-15      | Fixed         | 5.63%                 | Yes           | 2                  | On Loan: No      |
| Northleaf Chorus Investors LP                                                  | Northleaf Chorus Investors LP                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   2865776 | NS      | $2810752.85   | 0.48%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Proximus                                                                       | Proximus                                                                       | CUSIP: N/A<br>LEI: 549300CWRXC5EP004533       | Long             | DBT              | CORP              | BE        |    300000 | PA      | $357407.70    | 0.06%             | 2500-12-31      | Fixed         | 4.75%                 | Yes           | 2                  | On Loan: No      |
| Rackspace Finance, LLC                                                         | Rackspace Finance, LLC                                                         | CUSIP: 75008UAC1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1411546 | PA      | $1432719.14   | 0.25%             | 2028-05-15      | Floating      | 10.11%                | No            | 2                  | On Loan: No      |
| Auris Luxembourg III S.a.r.l.                                                  | Auris Luxembourg III S.a.r.l.                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      4950 | PA      | $4976.37      | 0.00%             | 2029-02-28      | Floating      | 7.40%                 | No            | 2                  | On Loan: No      |
| Prairie ECI Acquiror LP                                                        | Prairie ECI Acquiror LP                                                        | CUSIP: 73955HAF1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1970137 | PA      | $1979574.27   | 0.34%             | 2029-08-01      | Floating      | 7.67%                 | No            | 2                  | On Loan: No      |
| SCIL IV LLC                                                                    | SCIL IV LLC                                                                    | CUSIP: 80881LAC3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1000000 | PA      | $1001250.00   | 0.17%             | 2032-10-09      | Floating      | 7.79%                 | No            | 2                  | On Loan: No      |
| Radiate Holdco, LLC                                                            | Radiate Holdco, LLC                                                            | CUSIP: 75025KAR9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    111640 | PA      | $110802.73    | 0.02%             | 2029-06-26      | Floating      | 7.87%                 | No            | 2                  | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria, S.A.                                          | Banco Bilbao Vizcaya Argentaria, S.A.                                          | CUSIP: 05946KAS0<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | US        |    515000 | PA      | $552337.50    | 0.09%             | 2500-12-31      | Fixed         | 7.75%                 | No            | 2                  | On Loan: No      |
| CSC Holdings, LLC                                                              | CSC Holdings, LLC                                                              | CUSIP: 126307BM8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    310000 | PA      | $243306.60    | 0.04%             | 2028-05-15      | Fixed         | 11.25%                | Yes           | 2                  | On Loan: No      |
| Consolidated Communications LLC/Fidium Fiber Finan                             | Consolidated Communications LLC/Fidium Fiber Finan                             | CUSIP: 209031AC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1047974.30   | 0.18%             | 2030-05-20      | Fixed         | 9.41%                 | No            | 2                  | On Loan: No      |
| Matterhorn Re Ltd                                                              | Matterhorn Re Ltd                                                              | CUSIP: 577092AX7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1034200.00   | 0.18%             | 2028-02-04      | Floating      | 16.13%                | Yes           | 2                  | On Loan: No      |
| Novelis Corporation                                                            | Novelis Corporation                                                            | CUSIP: 670001AL0<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    570000 | PA      | $590183.70    | 0.10%             | 2030-01-30      | Fixed         | 6.88%                 | Yes           | 2                  | On Loan: No      |
| Saavi Energia S.a r.l.                                                         | Saavi Energia S.a r.l.                                                         | CUSIP: 78518PAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $648855.00    | 0.11%             | 2035-02-10      | Fixed         | 8.88%                 | Yes           | 2                  | On Loan: No      |
| Prysmian S.p.A.                                                                | Prysmian S.p.A.                                                                | CUSIP: N/A<br>LEI: 529900X0H1IO3RS1A464       | Long             | DBT              | CORP              | IT        |    200000 | PA      | $244735.40    | 0.04%             | 2500-12-31      | Fixed         | 5.25%                 | Yes           | 2                  | On Loan: No      |
| Banco Santander, S.A.                                                          | Banco Santander, S.A.                                                          | CUSIP: N/A<br>LEI: 5493006QMFDDMYWIAM13       | Long             | DBT              | CORP              | ES        |    600000 | PA      | $672508.19    | 0.12%             | 2500-12-31      | Fixed         | 3.63%                 | Yes           | 2                  | On Loan: No      |
| Valeo                                                                          | Valeo                                                                          | CUSIP: N/A<br>LEI: 5493006IH2N2WMIBB742       | Long             | DBT              | CORP              | FR        |    100000 | PA      | $120983.31    | 0.02%             | 2031-05-20      | Fixed         | 5.13%                 | Yes           | 2                  | On Loan: No      |
| WatchGuard Technologies Inc.                                                   | WatchGuard Technologies Inc.                                                   | CUSIP: 94110LAB9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1984655 | PA      | $1978462.61   | 0.34%             | 2029-07-02      | Floating      | 9.17%                 | No            | 2                  | On Loan: No      |
| Archkey Solutions LLC                                                          | Archkey Solutions LLC                                                          | CUSIP: 48205CAD7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    103448 | PA      | $104418.62    | 0.02%             | 2031-10-10      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| Bausch & Lomb Corporation                                                      | Bausch & Lomb Corporation                                                      | CUSIP: C0787FAJ1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1995000 | PA      | $2012955.00   | 0.35%             | 2030-12-17      | Floating      | 8.17%                 | No            | 2                  | On Loan: No      |
| Zayo Group Holdings, Inc.                                                      | Zayo Group Holdings, Inc.                                                      | CUSIP: 98919XAH4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1291893 | PA      | $1222582.55   | 0.21%             | 2030-03-11      | Floating      | 7.53%                 | No            | 2                  | On Loan: No      |
| Acrisure, LLC                                                                  | Acrisure, LLC                                                                  | CUSIP: 00489LAL7<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | DBT              | CORP              | US        |    420000 | PA      | $436787.40    | 0.07%             | 2030-11-06      | Fixed         | 7.50%                 | Yes           | 2                  | On Loan: No      |
| Alpha Generation LLC                                                           | Alpha Generation LLC                                                           | CUSIP: 02073LAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    410000 | PA      | $413776.10    | 0.07%             | 2034-01-15      | Fixed         | 6.25%                 | Yes           | 2                  | On Loan: No      |
| Antero Midstream Partners LP                                                   | Antero Midstream Partners LP                                                   | CUSIP: 03690AAK2<br>LEI: 529900HFO1BDEIT4QU11 | Long             | DBT              | CORP              | US        |    510000 | PA      | $527850.00    | 0.09%             | 2032-02-01      | Fixed         | 6.63%                 | Yes           | 2                  | On Loan: No      |
| Chartwell Re Ltd.                                                              | Chartwell Re Ltd.                                                              | CUSIP: 16140YAA0<br>LEI: 984500FFT645KFFE6F50 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1307500.00   | 0.22%             | 2028-06-07      | Floating      | 9.78%                 | Yes           | 2                  | On Loan: No      |
| Genesis Energy, L.P.                                                           | Genesis Energy, L.P.                                                           | CUSIP: 37185LAQ5<br>LEI: 549300VJ5D6MDK138782 | Long             | DBT              | CORP              | US        |    525000 | PA      | $546346.50    | 0.09%             | 2032-05-15      | Fixed         | 7.88%                 | No            | 2                  | On Loan: No      |
| Global Partners LP                                                             | Global Partners LP                                                             | CUSIP: 37954FAL8<br>LEI: 549300PCHWTW9P4DU444 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101806.00    | 0.02%             | 2033-07-01      | Fixed         | 7.13%                 | Yes           | 2                  | On Loan: No      |
| Constellation Oil Services Holding S.A.                                        | Constellation Oil Services Holding S.A.                                        | CUSIP: 650921AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    226000 | PA      | $234617.38    | 0.04%             | 2029-11-07      | Fixed         | 9.38%                 | Yes           | 2                  | On Loan: No      |
| Rockies Express Pipeline LLC                                                   | Rockies Express Pipeline LLC                                                   | CUSIP: 77340RAU1<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |    365000 | PA      | $385177.20    | 0.07%             | 2033-03-15      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| Block, Inc.                                                                    | Block, Inc.                                                                    | CUSIP: 852234AT0<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15285.45     | 0.00%             | 2030-08-15      | Fixed         | 5.63%                 | Yes           | 2                  | On Loan: No      |
| TransDigm Inc.                                                                 | TransDigm Inc.                                                                 | CUSIP: 893647BS5<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    150000 | PA      | $156976.50    | 0.03%             | 2030-12-15      | Fixed         | 6.88%                 | Yes           | 2                  | On Loan: No      |
| Accor                                                                          | Accor                                                                          | CUSIP: N/A<br>LEI: 969500QZC2Q0TK11NV07       | Long             | DBT              | CORP              | FR        |    200000 | PA      | $257662.60    | 0.04%             | 2500-12-31      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| MCE Finance Limited                                                            | MCE Finance Limited                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    580000 | PA      | $579321.40    | 0.10%             | 2028-07-21      | Fixed         | 5.75%                 | Yes           | 2                  | On Loan: No      |
| Herbie Re Ltd.                                                                 | Herbie Re Ltd.                                                                 | CUSIP: 42703VAK9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1314375.00   | 0.23%             | 2029-01-08      | Floating      | 14.67%                | Yes           | 2                  | On Loan: No      |
| Grifols Escrow Issuer S.A.                                                     | Grifols Escrow Issuer S.A.                                                     | CUSIP: N/A<br>LEI: 959800HLB3PGTGSLVV62       | Long             | DBT              | CORP              | ES        |    100000 | PA      | $115909.97    | 0.02%             | 2028-10-15      | Fixed         | 3.88%                 | Yes           | 2                  | On Loan: No      |
| ADLER Financing S.a r.l.                                                       | ADLER Financing S.a r.l.                                                       | CUSIP: N/A<br>LEI: 213800BAQB59IVKP7S93       | Long             | DBT              | CORP              | LU        |    276861 | PA      | $355771.22    | 0.06%             | 2028-12-31      | Fixed         | 8.25%                 | No            | 2                  | On Loan: No      |
| Gol Finance LLP                                                                | Gol Finance LLP                                                                | CUSIP: 36254VAN8<br>LEI: 5299007RH8MA67ZC6J07 | Long             | DBT              | CORP              | US        |    350000 | PA      | $358858.50    | 0.06%             | 2030-06-05      | Fixed         | 14.38%                | Yes           | 2                  | On Loan: No      |
| Kilimanjaro Re Limited                                                         | Kilimanjaro Re Limited                                                         | CUSIP: 49407QAK4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $522250.00    | 0.09%             | 2029-07-09      | Floating      | 10.17%                | Yes           | 2                  | On Loan: No      |
| Level 3 Financing, Inc.                                                        | Level 3 Financing, Inc.                                                        | CUSIP: 527298CB7<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    280000 | PA      | $273000.00    | 0.05%             | 2029-06-15      | Fixed         | 4.88%                 | Yes           | 2                  | On Loan: No      |
| Warnermedia Holdings, Inc.                                                     | Warnermedia Holdings, Inc.                                                     | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    290000 | PA      | $254475.00    | 0.04%             | 2032-03-15      | Fixed         | 4.28%                 | No            | 2                  | On Loan: No      |
| Vistra Corp.                                                                   | Vistra Corp.                                                                   | CUSIP: 92840MAC6<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    650000 | PA      | $657533.50    | 0.11%             | 2500-12-31      | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| VZ Vendor Financing II B.V.                                                    | VZ Vendor Financing II B.V.                                                    | CUSIP: N/A<br>LEI: 724500DRKUUR3GFOSK76       | Long             | DBT              | CORP              | NL        |    100000 | PA      | $110762.60    | 0.02%             | 2029-01-15      | Fixed         | 2.88%                 | Yes           | 2                  | On Loan: No      |
| Bayer Aktiengesellschaft                                                       | Bayer Aktiengesellschaft                                                       | CUSIP: N/A<br>LEI: 549300J4U55H3WP1XT59       | Long             | DBT              | CORP              | DE        |    300000 | PA      | $360933.30    | 0.06%             | 2082-03-25      | Fixed         | 5.38%                 | Yes           | 2                  | On Loan: No      |
| Federal Government of Nigeria                                                  | Federal Government of Nigeria                                                  | CUSIP: N/A<br>LEI: 549300GSBZD84TNEQ285       | Long             | DBT              | NUSS              | US        |    200000 | PA      | $215250.00    | 0.04%             | 2036-01-13      | Fixed         | 8.63%                 | Yes           | 2                  | On Loan: No      |
| Ardagh Metal Packaging Finance Public Limited Company                          | Ardagh Metal Packaging Finance Public Limited Company                          | CUSIP: 03969YAB4<br>LEI: 635400FSFRHBFVPTP424 | Long             | DBT              | CORP              | US        |    360000 | PA      | $337867.20    | 0.06%             | 2029-09-01      | Fixed         | 4.00%                 | Yes           | 2                  | On Loan: No      |
| Atela Re Ltd.                                                                  | Atela Re Ltd.                                                                  | CUSIP: 04681FAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $815775.00    | 0.14%             | 2027-05-09      | Floating      | 17.94%                | Yes           | 2                  | On Loan: No      |
| NRG Energy, Inc.                                                               | NRG Energy, Inc.                                                               | CUSIP: 629377CU4<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    680000 | PA      | $739316.40    | 0.13%             | 2500-12-31      | Fixed         | 10.25%                | Yes           | 2                  | On Loan: No      |
| CONE Trust 2024-DFW1                                                           | CONE Trust 2024-DFW1                                                           | CUSIP: 20682AAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    242000 | PA      | $241705.03    | 0.04%             | 2041-08-15      | Floating      | 6.79%                 | No            | 2                  | On Loan: No      |
| Kodiak Gas Services, LLC                                                       | Kodiak Gas Services, LLC                                                       | CUSIP: 50012LAE4<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    145000 | PA      | $148982.79    | 0.03%             | 2035-10-01      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| Northshore Re II Limited                                                       | Northshore Re II Limited                                                       | CUSIP: 666842AF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1776600.00   | 0.30%             | 2028-04-07      | Floating      | 8.92%                 | Yes           | 2                  | On Loan: No      |
| Sierracol Energy Andina, LLC                                                   | Sierracol Energy Andina, LLC                                                   | CUSIP: 82653NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $188618.00    | 0.03%             | 2030-11-14      | Fixed         | 9.00%                 | Yes           | 2                  | On Loan: No      |
| 1261229 B.C. Ltd.                                                              | 1261229 B.C. Ltd.                                                              | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    575000 | PA      | $599070.59    | 0.10%             | 2032-04-15      | Fixed         | 10.00%                | Yes           | 2                  | On Loan: No      |
| Sutter Re Ltd.                                                                 | Sutter Re Ltd.                                                                 | CUSIP: 86944RAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1016300.00   | 0.17%             | 2026-06-19      | Floating      | 10.51%                | Yes           | 2                  | On Loan: No      |
| Winston Re Ltd.                                                                | Winston Re Ltd.                                                                | CUSIP: 975660AC5<br>LEI: 2549001Q4VX5Y31QFJ88 | Long             | DBT              | CORP              | US        |    750000 | PA      | $772875.00    | 0.13%             | 2028-02-21      | Floating      | 10.28%                | Yes           | 2                  | On Loan: No      |
| XPO, Inc.                                                                      | XPO, Inc.                                                                      | CUSIP: 983793AK6<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |    895000 | PA      | $940054.30    | 0.16%             | 2032-02-01      | Fixed         | 7.13%                 | Yes           | 2                  | On Loan: No      |
| Dana Financing Luxembourg S.a r.l.                                             | Dana Financing Luxembourg S.a r.l.                                             | CUSIP: N/A<br>LEI: 222100DKCE3D036DQU13       | Long             | DBT              | CORP              | LU        |    100000 | PA      | $125599.50    | 0.02%             | 2031-07-15      | Fixed         | 8.50%                 | Yes           | 2                  | On Loan: No      |
| TMNL Holding BV                                                                | TMNL Holding BV                                                                | CUSIP: N/A<br>LEI: 7245000O9YOLPPM9YB33       | Long             | DBT              | CORP              | NL        |    100000 | PA      | $117340.19    | 0.02%             | 2029-01-15      | Fixed         | 3.75%                 | Yes           | 2                  | On Loan: No      |
| Nexans                                                                         | Nexans                                                                         | CUSIP: N/A<br>LEI: 96950015FU78G84UIV14       | Long             | DBT              | CORP              | FR        |    300000 | PA      | $363059.23    | 0.06%             | 2030-03-11      | Fixed         | 4.25%                 | Yes           | 2                  | On Loan: No      |
| Energizer Gamma Acquisition B.V.                                               | Energizer Gamma Acquisition B.V.                                               | CUSIP: N/A<br>LEI: 5493002SUYZDHEQ3JN34       | Long             | DBT              | CORP              | NL        |    100000 | PA      | $113406.80    | 0.02%             | 2029-06-30      | Fixed         | 3.50%                 | Yes           | 2                  | On Loan: No      |
| Pachelbel BidCo S.p.A.                                                         | Pachelbel BidCo S.p.A.                                                         | CUSIP: N/A<br>LEI: 8156005DA07CDD50CC46       | Long             | DBT              | CORP              | IT        |     50000 | PA      | $62726.30     | 0.01%             | 2031-05-17      | Fixed         | 7.13%                 | Yes           | 2                  | On Loan: No      |
| Optics BidCo S.p.A.                                                            | Optics BidCo S.p.A.                                                            | CUSIP: N/A<br>LEI: 254900QZ5RQ7MPFWE741       | Long             | DBT              | CORP              | IT        |    200000 | PA      | $249142.40    | 0.04%             | 2028-02-15      | Fixed         | 6.88%                 | Yes           | 2                  | On Loan: No      |
| CPI Property Group                                                             | CPI Property Group                                                             | CUSIP: N/A<br>LEI: 222100CO2ZOTEPGJO223       | Long             | DBT              | CORP              | LU        |    150000 | PA      | $149961.39    | 0.03%             | 2030-01-14      | Fixed         | 1.75%                 | Yes           | 2                  | On Loan: No      |
| Orsted A/S                                                                     | Orsted A/S                                                                     | CUSIP: N/A<br>LEI: W9NG6WMZIYEU8VEDOG48       | Long             | DBT              | CORP              | DK        |    150000 | PA      | $180025.95    | 0.03%             | 3022-12-08      | Fixed         | 5.25%                 | Yes           | 2                  | On Loan: No      |
| Silgan Holdings Inc.                                                           | Silgan Holdings Inc.                                                           | CUSIP: N/A<br>LEI: KAF673KJXD92C8KSLU49       | Long             | DBT              | CORP              | US        |    100000 | PA      | $118803.32    | 0.02%             | 2031-02-15      | Fixed         | 4.25%                 | Yes           | 2                  | On Loan: No      |
| Windstream Services, LLC                                                       | Windstream Services, LLC                                                       | CUSIP: 97381JAJ2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $2005000.00   | 0.34%             | 2031-09-26      | Floating      | 8.77%                 | No            | 2                  | On Loan: No      |
| Auris Luxembourg III S.a r.l.                                                  | Auris Luxembourg III S.a r.l.                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1970137 | PA      | $1980598.75   | 0.34%             | 2029-02-28      | Floating      | 7.20%                 | No            | 2                  | On Loan: No      |
| NAC Kazatomprom JSC                                                            | NAC Kazatomprom JSC                                                            | CUSIP: N/A<br>LEI: 2138001H1M69RFJCSH88       | Long             | DBT              | CORP              | US        |    390000 | PA      | $352341.29    | 0.06%             | 2033-04-14      | Fixed         | 3.50%                 | Yes           | 2                  | On Loan: No      |
| Boels Topholding B.V.                                                          | Boels Topholding B.V.                                                          | CUSIP: N/A<br>LEI: 724500V913SEHSEW2O75       | Long             | DBT              | CORP              | NL        |    100000 | PA      | $121287.69    | 0.02%             | 2030-05-15      | Fixed         | 5.75%                 | Yes           | 2                  | On Loan: No      |
| Coventry Building Society                                                      | Coventry Building Society                                                      | CUSIP: N/A<br>LEI: 2138004G59FXEAZ6IO10       | Long             | DBT              | CORP              | GB        |    300000 | PA      | $433185.46    | 0.07%             | 2500-12-31      | Fixed         | 8.75%                 | Yes           | 2                  | On Loan: No      |
| Centrient Holding B.V.                                                         | Centrient Holding B.V.                                                         | CUSIP: N/A<br>LEI: 549300QHIYIRIMCM2345       | Long             | DBT              | CORP              | NL        |    100000 | PA      | $105474.20    | 0.02%             | 2030-05-30      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| Nissan Motor Co., Ltd.                                                         | Nissan Motor Co., Ltd.                                                         | CUSIP: 57160AD83<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    250000 | PA      | $301130.31    | 0.05%             | 2029-07-17      | Fixed         | 5.25%                 | Yes           | 2                  | On Loan: No      |
| ITG Communications, LLC                                                        | ITG Communications, LLC                                                        | CUSIP: 45045PAQ9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $1930000.00   | 0.33%             | 2031-07-01      | Floating      | 8.95%                 | No            | 2                  | On Loan: No      |
| Nourish Buyer I Inc                                                            | Nourish Buyer I Inc                                                            | CUSIP: 66979CAH4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $2008760.00   | 0.34%             | 2032-07-08      | Floating      | 8.25%                 | No            | 3                  | On Loan: No      |
| Allied Universal Holdco LLC                                                    | Allied Universal Holdco LLC                                                    | CUSIP: 01957TAX5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $2009100.00   | 0.34%             | 2032-08-06      | Floating      | 7.17%                 | No            | 2                  | On Loan: No      |
| Galileo Re Ltd.                                                                | Galileo Re Ltd.                                                                | CUSIP: 36354TAR3<br>LEI: 549300MXI75DHMS7JH38 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2247750.00   | 0.39%             | 2030-01-08      | Floating      | 8.74%                 | Yes           | 2                  | On Loan: No      |
| Lindblad Expeditions, LLC                                                      | Lindblad Expeditions, LLC                                                      | CUSIP: 53523LAB6<br>LEI: 549300MPUWOG67Y2R254 | Long             | DBT              | CORP              | US        |    330000 | PA      | $344176.80    | 0.06%             | 2030-09-15      | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| Marlon Ltd.                                                                    | Marlon Ltd.                                                                    | CUSIP: 571253AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1775000 | PA      | $1883097.50   | 0.32%             | 2027-06-07      | Floating      | 11.22%                | Yes           | 2                  | On Loan: No      |
| Matterhorn Re Ltd                                                              | Matterhorn Re Ltd                                                              | CUSIP: 577092AY5<br>LEI: 549300QRZ77PO1BYWT39 | Long             | DBT              | CORP              | US        |    750000 | PA      | $792225.00    | 0.14%             | 2028-07-07      | Floating      | 16.17%                | Yes           | 2                  | On Loan: No      |
| Permian Resources Operating, LLC                                               | Permian Resources Operating, LLC                                               | CUSIP: 71424VAB6<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    330000 | PA      | $338355.60    | 0.06%             | 2033-02-01      | Fixed         | 6.25%                 | Yes           | 2                  | On Loan: No      |
| Pluspetrol S.A.                                                                | Pluspetrol S.A.                                                                | CUSIP: 72942BAA3<br>LEI: 254900QSCHBUBX6J6H71 | Long             | DBT              | CORP              | US        |    489000 | PA      | $496946.25    | 0.09%             | 2032-05-30      | Fixed         | 8.50%                 | Yes           | 2                  | On Loan: No      |
| UBS Group AG                                                                   | UBS Group AG                                                                   | CUSIP: 902613BE7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | US        |    440000 | PA      | $515900.00    | 0.09%             | 2500-12-31      | Fixed         | 9.25%                 | Yes           | 2                  | On Loan: No      |
| Williams Scotsman, Inc.                                                        | Williams Scotsman, Inc.                                                        | CUSIP: 96949VAL7<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |    350000 | PA      | $365225.00    | 0.06%             | 2031-10-01      | Fixed         | 7.38%                 | Yes           | 2                  | On Loan: No      |
| ZF North America Capital, Inc.                                                 | ZF North America Capital, Inc.                                                 | CUSIP: 98877DAG0<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |     60000 | PA      | $58172.40     | 0.01%             | 2032-04-23      | Fixed         | 6.88%                 | Yes           | 2                  | On Loan: No      |
| Ziggo B.V.                                                                     | Ziggo B.V.                                                                     | CUSIP: N/A<br>LEI: 213800TQASLF9JXH5J59       | Long             | DBT              | CORP              | NL        |    200000 | PA      | $221819.00    | 0.04%             | 2030-01-15      | Fixed         | 2.88%                 | Yes           | 2                  | On Loan: No      |
| Allied Universal Holdco LLC                                                    | Allied Universal Holdco LLC                                                    | CUSIP: N/A<br>LEI: 98450038B4549046D794       | Long             | DBT              | CORP              | GB        |    100000 | PA      | $131256.68    | 0.02%             | 2028-06-01      | Fixed         | 4.88%                 | Yes           | 2                  | On Loan: No      |
| Ceconomy AG                                                                    | Ceconomy AG                                                                    | CUSIP: N/A<br>LEI: 5299001X9L42HXEBCZ51       | Long             | DBT              | CORP              | DE        |    330000 | PA      | $406237.26    | 0.07%             | 2029-07-15      | Fixed         | 6.25%                 | Yes           | 2                  | On Loan: No      |
| Unibail-Rodamco-Westfield SE                                                   | Unibail-Rodamco-Westfield SE                                                   | CUSIP: N/A<br>LEI: 969500SHQITWXSIS7N89       | Long             | DBT              | CORP              | FR        |    200000 | PA      | $239338.88    | 0.04%             | 2500-12-31      | Fixed         | 4.75%                 | Yes           | 2                  | On Loan: No      |
| People's Government of Inner Mongolia Autonomous Region                        | People's Government of Inner Mongolia Autonomous Region                        | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | US        |    310000 | PA      | $329762.50    | 0.06%             | 2029-06-05      | Fixed         | 7.88%                 | Yes           | 2                  | On Loan: No      |
| Amsted Industries Incorporated                                                 | Amsted Industries Incorporated                                                 | CUSIP: 032177AK3<br>LEI: N2VLGYMEEBIU3PFSUY86 | Long             | DBT              | CORP              | US        |    700000 | PA      | $719250.00    | 0.12%             | 2033-03-15      | Fixed         | 6.38%                 | Yes           | 2                  | On Loan: No      |
| BBCMS Mortgage Trust 2024-5C31                                                 | BBCMS Mortgage Trust 2024-5C31                                                 | CUSIP: 07336YAR6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    386000 | PA      | $341219.33    | 0.06%             | 2029-12-17      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| UBS Group AG                                                                   | UBS Group AG                                                                   | CUSIP: 225401BH0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | US        |    770000 | PA      | $787325.00    | 0.14%             | 2500-12-31      | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| Herc Holdings Inc.                                                             | Herc Holdings Inc.                                                             | CUSIP: 42704LAK0<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     85000 | PA      | $86143.25     | 0.01%             | 2034-03-15      | Fixed         | 6.00%                 | Yes           | 2                  | On Loan: No      |
| PRM Trust 2025-PRM6                                                            | PRM Trust 2025-PRM6                                                            | CUSIP: 74277DAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    833000 | PA      | $834559.71    | 0.14%             | 2028-07-05      | Variable      | 6.58%                 | No            | 2                  | On Loan: No      |
| SFO Commercial Mortgage Trust 2021-555                                         | SFO Commercial Mortgage Trust 2021-555                                         | CUSIP: 78432WAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    410000 | PA      | $407479.89    | 0.07%             | 2028-05-15      | Floating      | 6.27%                 | No            | 2                  | On Loan: No      |
| Trident Energy Finance PLC                                                     | Trident Energy Finance PLC                                                     | CUSIP: 89616MAB6<br>LEI: 9845004ECK3FYO64I382 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203188.00    | 0.03%             | 2029-11-30      | Fixed         | 12.50%                | Yes           | 2                  | On Loan: No      |
| Waga Bondco Limited                                                            | Waga Bondco Limited                                                            | CUSIP: N/A<br>LEI: 254900PFB2C9WELUW795       | Long             | DBT              | CORP              | GB        |    114000 | PA      | $140397.27    | 0.02%             | 2030-06-15      | Fixed         | 8.50%                 | Yes           | 2                  | On Loan: No      |
| Boels Topholding B.V.                                                          | Boels Topholding B.V.                                                          | CUSIP: N/A<br>LEI: 724500V913SEHSEW2O75       | Long             | DBT              | CORP              | NL        |    125000 | PA      | $151307.00    | 0.03%             | 2029-02-15      | Fixed         | 6.25%                 | Yes           | 2                  | On Loan: No      |
| Orsted A/S                                                                     | Orsted A/S                                                                     | CUSIP: N/A<br>LEI: W9NG6WMZIYEU8VEDOG48       | Long             | DBT              | CORP              | DK        |    350000 | PA      | $420574.70    | 0.07%             | 2500-12-31      | Fixed         | 5.13%                 | Yes           | 2                  | On Loan: No      |
| Heimstaden AB                                                                  | Heimstaden AB                                                                  | CUSIP: N/A<br>LEI: 549300WD2QBD89VBPV88       | Long             | DBT              | CORP              | SE        |    200000 | PA      | $249306.93    | 0.04%             | 2030-01-29      | Fixed         | 8.38%                 | Yes           | 2                  | On Loan: No      |
| Cirsa Finance International S.a r.l.                                           | Cirsa Finance International S.a r.l.                                           | CUSIP: N/A<br>LEI: 254900KUJN6DHWH2K029       | Long             | DBT              | CORP              | LU        |    250000 | PA      | $304817.50    | 0.05%             | 2029-03-15      | Fixed         | 6.50%                 | Yes           | 2                  | On Loan: No      |
| Dufry One B.V.                                                                 | Dufry One B.V.                                                                 | CUSIP: N/A<br>LEI: 7245003K5MN9U7XW0808       | Long             | DBT              | CORP              | NL        |    253000 | PA      | $303664.58    | 0.05%             | 2032-05-23      | Fixed         | 4.50%                 | Yes           | 2                  | On Loan: No      |
| Project Alpha Intermediate Holding, Inc.                                       | Project Alpha Intermediate Holding, Inc.                                       | CUSIP: 74339DAM0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $1913760.00   | 0.33%             | 2032-11-22      | Floating      | 9.00%                 | No            | 2                  | On Loan: No      |
| Bausch Health Companies Inc.                                                   | Bausch Health Companies Inc.                                                   | CUSIP: C6903HAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1995000 | PA      | $1944386.85   | 0.33%             | 2030-09-25      | Floating      | 10.17%                | No            | 2                  | On Loan: No      |
| Radar Bidco S.a r.l.                                                           | Radar Bidco S.a r.l.                                                           | CUSIP: L7781HAE9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1666635 | PA      | $1675668.63   | 0.29%             | 2031-04-04      | Floating      | 7.19%                 | No            | 2                  | On Loan: No      |
| Radiate Holdco, LLC                                                            | Radiate Holdco, LLC                                                            | CUSIP: 75025KAR9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    223280 | PA      | $221605.45    | 0.04%             | 2029-06-26      | Floating      | 7.87%                 | No            | 2                  | On Loan: No      |
| Level 3 Financing, Inc.                                                        | Level 3 Financing, Inc.                                                        | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    330000 | PA      | $337692.30    | 0.06%             | 2033-06-30      | Fixed         | 6.88%                 | Yes           | 2                  | On Loan: No      |
| Sierra Timeshare 2025-1 Receivables Funding LLC                                | Sierra Timeshare 2025-1 Receivables Funding LLC                                | CUSIP: 82653CAD3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    444421 | PA      | $447094.20    | 0.08%             | 2042-01-21      | Fixed         | 6.86%                 | No            | 2                  | On Loan: No      |
| Six Flags Operations Inc.                                                      | Six Flags Operations Inc.                                                      | CUSIP: 83002YAA7<br>LEI: 549300JYTDUAA4JQ3717 | Long             | DBT              | CORP              | US        |    460000 | PA      | $463128.00    | 0.08%             | 2032-05-01      | Fixed         | 6.63%                 | Yes           | 2                  | On Loan: No      |
| Unicredit, Societa' Per Azioni In Forma Abbreviata Unicredit S.P.A.            | Unicredit, Societa' Per Azioni In Forma Abbreviata Unicredit S.P.A.            | CUSIP: N/A<br>LEI: 549300TRUWO2CD2G5692       | Long             | DBT              | CORP              | IT        |    200000 | PA      | $233277.20    | 0.04%             | 2500-12-31      | Fixed         | 3.88%                 | Yes           | 2                  | On Loan: No      |
| Heimstaden AB                                                                  | Heimstaden AB                                                                  | CUSIP: N/A<br>LEI: 549300WD2QBD89VBPV88       | Long             | DBT              | CORP              | SE        |    100000 | PA      | $113700.60    | 0.02%             | 2500-12-31      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| Construction Finance Holdings LLC                                              | Construction Finance Holdings LLC                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     83135 | NS      | $139666.80    | 0.02%             |  |  |  | No            | 3                  | On Loan: No      |
| Electricite de France                                                          | Electricite de France                                                          | CUSIP: N/A<br>LEI: 549300X3UK4GG3FNMO06       | Long             | DBT              | CORP              | FR        |    200000 | PA      | $255899.80    | 0.04%             | 2500-12-31      | Fixed         | 7.50%                 | Yes           | 2                  | On Loan: No      |
| Unicredit, Societa' Per Azioni In Forma Abbreviata Unicredit S.P.A.            | Unicredit, Societa' Per Azioni In Forma Abbreviata Unicredit S.P.A.            | CUSIP: N/A<br>LEI: 549300TRUWO2CD2G5692       | Long             | DBT              | CORP              | IT        |    300000 | PA      | $375917.10    | 0.06%             | 2500-12-31      | Fixed         | 6.50%                 | Yes           | 2                  | On Loan: No      |
| Ascensus Group Holdings Inc.                                                   | Ascensus Group Holdings Inc.                                                   | CUSIP: 04370PAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1000000 | PA      | $1000000.00   | 0.17%             | 2033-11-20      | Floating      | 9.20%                 | No            | 3                  | On Loan: No      |
| Banco Davivienda S A                                                           | Banco Davivienda S A                                                           | CUSIP: N/A<br>LEI: 549300P161V4IPKAQS70       | Long             | DBT              | CORP              | US        |    300000 | PA      | $282240.00    | 0.05%             | 2500-12-31      | Fixed         | 6.65%                 | Yes           | 2                  | On Loan: No      |
| Alliant Holdings Intermediate, LLC                                             | Alliant Holdings Intermediate, LLC                                             | CUSIP: 01883LAE3<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |    325000 | PA      | $330778.50    | 0.06%             | 2028-04-15      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| CFCRE 2016-C4 Mortgage Trust                                                   | CFCRE 2016-C4 Mortgage Trust                                                   | CUSIP: 12531YAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    291205 | PA      | $284699.89    | 0.05%             | 2026-05-12      | Variable      | 4.77%                 | No            | 2                  | On Loan: No      |
| CVS Health Corporation                                                         | CVS Health Corporation                                                         | CUSIP: 126650EG1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    405000 | PA      | $421996.96    | 0.07%             | 2054-12-10      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| Harvest Midstream I, L.P.                                                      | Harvest Midstream I, L.P.                                                      | CUSIP: 417558AB9<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |    340000 | PA      | $354021.60    | 0.06%             | 2032-05-15      | Fixed         | 7.50%                 | Yes           | 2                  | On Loan: No      |
| CenterPoint Energy, Inc.                                                       | CenterPoint Energy, Inc.                                                       | CUSIP: 15189TBS5<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |   1190000 | PA      | $1199067.09   | 0.21%             | 2056-04-01      | Fixed         | 5.95%                 | No            | 2                  | On Loan: No      |
| Gateway Re Ltd                                                                 | Gateway Re Ltd                                                                 | CUSIP: 36779CAQ9<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | US        |    500000 | PA      | $541900.00    | 0.09%             | 2028-07-07      | Floating      | 14.19%                | Yes           | 2                  | On Loan: No      |
| CCO Holdings, LLC                                                              | CCO Holdings, LLC                                                              | CUSIP: 1248EPCB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    915000 | PA      | $904038.30    | 0.16%             | 2029-06-01      | Fixed         | 5.38%                 | Yes           | 2                  | On Loan: No      |
| CMS Energy Corporation                                                         | CMS Energy Corporation                                                         | CUSIP: 125896BY5<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |    935000 | PA      | $960938.77    | 0.16%             | 2055-06-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Herc Holdings Inc.                                                             | Herc Holdings Inc.                                                             | CUSIP: 42704LAH7<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     65000 | PA      | $65889.04     | 0.01%             | 2031-03-15      | Fixed         | 5.75%                 | Yes           | 2                  | On Loan: No      |
| Kilimanjaro Re Limited                                                         | Kilimanjaro Re Limited                                                         | CUSIP: 49407QAG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1213595.00   | 0.21%             | 2028-06-30      | Floating      | 10.17%                | Yes           | 2                  | On Loan: No      |
| Veolia Environnement                                                           | Veolia Environnement                                                           | CUSIP: N/A<br>LEI: 969500LENY69X51OOT31       | Long             | DBT              | CORP              | FR        |    400000 | PA      | $451276.80    | 0.08%             | 2500-12-31      | Fixed         | 2.50%                 | Yes           | 2                  | On Loan: No      |
| HCM 2021-1, LLC                                                                | HCM 2021-1, LLC                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  12000000 | NS      | $12351600.00  | 2.12%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Mineral Resources Limited                                                      | Mineral Resources Limited                                                      | CUSIP: 603051AF0<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | US        |    455000 | PA      | $472458.35    | 0.08%             | 2031-04-01      | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| NRG Energy, Inc.                                                               | NRG Energy, Inc.                                                               | CUSIP: 629377CW0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    320000 | PA      | $326403.20    | 0.06%             | 2033-02-01      | Fixed         | 6.00%                 | Yes           | 2                  | On Loan: No      |
| Odido Group Holding B.V.                                                       | Odido Group Holding B.V.                                                       | CUSIP: N/A<br>LEI: 724500FOAL1MNGOJKP07       | Long             | DBT              | CORP              | NL        |    133000 | PA      | $157083.11    | 0.03%             | 2030-01-15      | Fixed         | 5.50%                 | Yes           | 2                  | On Loan: No      |
| Koninklijke KPN N.V.                                                           | Koninklijke KPN N.V.                                                           | CUSIP: N/A<br>LEI: 549300YO0JZHAL7FVP81       | Long             | DBT              | CORP              | NL        |    100000 | PA      | $123249.10    | 0.02%             | 2500-12-31      | Fixed         | 6.00%                 | Yes           | 2                  | On Loan: No      |
| Neptune BidCo US Inc.                                                          | Neptune BidCo US Inc.                                                          | CUSIP: 640695AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    335000 | PA      | $335368.50    | 0.06%             | 2029-04-15      | Fixed         | 9.29%                 | Yes           | 2                  | On Loan: No      |
| Noble Finance II LLC                                                           | Noble Finance II LLC                                                           | CUSIP: 65505PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $311349.00    | 0.05%             | 2030-04-15      | Fixed         | 8.00%                 | Yes           | 2                  | On Loan: No      |
| SMRT 2022-MINI                                                                 | SMRT 2022-MINI                                                                 | CUSIP: 78457JAN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    385000 | PA      | $383075.27    | 0.07%             | 2039-01-18      | Floating      | 6.45%                 | No            | 2                  | On Loan: No      |
| Viking Cruises Limited                                                         | Viking Cruises Limited                                                         | CUSIP: 92676XAH0<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | US        |    250000 | PA      | $253367.50    | 0.04%             | 2033-10-15      | Fixed         | 5.88%                 | Yes           | 2                  | On Loan: No      |
| Vector WP Holdco,Inc                                                           | Vector WP Holdco,Inc                                                           | CUSIP: 92243EAB9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1984536 | PA      | $1867944.59   | 0.32%             | 2028-10-12      | Floating      | 9.03%                 | No            | 2                  | On Loan: No      |
| Amentum Government Services Holdings LLC                                       | Amentum Government Services Holdings LLC                                       | CUSIP: 02351XAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    896000 | PA      | $897397.46    | 0.15%             | 2031-07-31      | Floating      | 5.92%                 | No            | 2                  | On Loan: No      |
| Opal Bidco SAS                                                                 | Opal Bidco SAS                                                                 | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | US        |    205000 | PA      | $209462.85    | 0.04%             | 2032-03-31      | Fixed         | 6.50%                 | Yes           | 2                  | On Loan: No      |
| Talen Energy Supply, LLC                                                       | Talen Energy Supply, LLC                                                       | CUSIP: 87422VAN8<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |    405000 | PA      | $418838.85    | 0.07%             | 2036-02-01      | Fixed         | 6.50%                 | Yes           | 2                  | On Loan: No      |
| Arcline FM Holdings, LLC                                                       | Arcline FM Holdings, LLC                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2000000 | PA      | $2005000.00   | 0.34%             | 2049-12-31      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| Greenko Power II Limited                                                       | Greenko Power II Limited                                                       | CUSIP: N/A<br>LEI: 254900YYA4B6O2O4JM12       | Long             | DBT              | CORP              | US        |    152000 | PA      | $144018.48    | 0.02%             | 2028-12-13      | Fixed         | 4.30%                 | Yes           | 2                  | On Loan: No      |
| Volcan Compania Minera S.A.A.                                                  | Volcan Compania Minera S.A.A.                                                  | CUSIP: 92863UAD8<br>LEI: 549300XKJ91C4SZLG750 | Long             | DBT              | CORP              | US        |    330000 | PA      | $338622.90    | 0.06%             | 2032-10-28      | Fixed         | 8.50%                 | Yes           | 2                  | On Loan: No      |
| Windsor Holdings III, LLC                                                      | Windsor Holdings III, LLC                                                      | CUSIP: 97360AAA5<br>LEI: 254900IXUJZ9H146T437 | Long             | DBT              | CORP              | US        |    310000 | PA      | $327549.10    | 0.06%             | 2030-06-15      | Fixed         | 8.50%                 | Yes           | 2                  | On Loan: No      |
| Heimstaden Bostad AB                                                           | Heimstaden Bostad AB                                                           | CUSIP: N/A<br>LEI: 549300TJR3PR8EXILG79       | Long             | DBT              | CORP              | SE        |    350000 | PA      | $405841.21    | 0.07%             | 2500-12-31      | Fixed         | 3.63%                 | Yes           | 2                  | On Loan: No      |
| Darling Global Finance B.V.                                                    | Darling Global Finance B.V.                                                    | CUSIP: N/A<br>LEI: 724500R2BQXOR6YG2Y67       | Long             | DBT              | CORP              | NL        |    200000 | PA      | $237641.89    | 0.04%             | 2032-07-15      | Fixed         | 4.50%                 | Yes           | 2                  | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria, S.A.                                          | Banco Bilbao Vizcaya Argentaria, S.A.                                          | CUSIP: N/A<br>LEI: K8MS7FD7N5Z2WQ51AZ71       | Long             | DBT              | CORP              | ES        |    400000 | PA      | $508274.00    | 0.09%             | 2500-12-31      | Fixed         | 6.88%                 | Yes           | 2                  | On Loan: No      |
| Deutsche Lufthansa Aktiengesellschaft                                          | Deutsche Lufthansa Aktiengesellschaft                                          | CUSIP: N/A<br>LEI: 529900PH63HYJ86ASW55       | Long             | DBT              | CORP              | DE        |    200000 | PA      | $243788.19    | 0.04%             | 2055-01-15      | Fixed         | 5.25%                 | Yes           | 2                  | On Loan: No      |
| Amspec Parent LLC                                                              | Amspec Parent LLC                                                              | CUSIP: 03218AAF6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     79800 | PA      | $79800.00     | 0.01%             | 2031-12-22      | Floating      | 7.50%                 | No            | 2                  | On Loan: No      |
| Ray Financing LLC                                                              | Ray Financing LLC                                                              | CUSIP: N/A<br>LEI: 254900IA5MVMGDF40Z19       | Long             | DBT              | CORP              | US        |    300000 | PA      | $358370.19    | 0.06%             | 2031-07-15      | Fixed         | 6.50%                 | Yes           | 2                  | On Loan: No      |
| EP Purchaser, LLC                                                              | EP Purchaser, LLC                                                              | CUSIP: 26881KAD6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1306597 | PA      | $930140.09    | 0.16%             | 2028-11-06      | Floating      | 8.44%                 | No            | 2                  | On Loan: No      |
| FR BR Holdings, L.L.C.                                                         | FR BR Holdings, L.L.C.                                                         | CUSIP: 30260XAD1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $2005000.00   | 0.34%             | 2030-10-09      | Floating      | 8.19%                 | No            | 3                  | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust 2025-NQM2                       | Morgan Stanley Residential Mortgage Loan Trust 2025-NQM2                       | CUSIP: 617941AF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    822000 | PA      | $834419.02    | 0.14%             | 2070-01-25      | Variable      | 6.52%                 | No            | 2                  | On Loan: No      |
| SupplyOne, Inc                                                                 | SupplyOne, Inc                                                                 | CUSIP: 86859CAN4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1970100 | PA      | $1972838.44   | 0.34%             | 2031-03-27      | Floating      | 7.42%                 | No            | 2                  | On Loan: No      |
| Gobierno de la Provincia de Buenos Aires                                       | Gobierno de la Provincia de Buenos Aires                                       | CUSIP: N/A<br>LEI: 549300L6AYROPOTQ4L07       | Long             | DBT              | NUSS              | US        |   1258208 | PA      | $965674.64    | 0.17%             | 2037-09-01      | Variable      | 6.63%                 | Yes           | 2                  | On Loan: No      |
| Antero Midstream Partners LP                                                   | Antero Midstream Partners LP                                                   | CUSIP: 03690AAM8<br>LEI: 529900HFO1BDEIT4QU11 | Long             | DBT              | CORP              | US        |    420000 | PA      | $422100.00    | 0.07%             | 2033-10-15      | Fixed         | 5.75%                 | Yes           | 2                  | On Loan: No      |
| FloodSmart Re Ltd.                                                             | FloodSmart Re Ltd.                                                             | CUSIP: 33975CAP0<br>LEI: 549300KK1LNVFW95S875 | Long             | DBT              | CORP              | US        |    500000 | PA      | $531900.00    | 0.09%             | 2027-03-12      | Floating      | 18.11%                | Yes           | 2                  | On Loan: No      |
| JELD-WEN Holding, Inc.                                                         | JELD-WEN Holding, Inc.                                                         | CUSIP: 47580PAA1<br>LEI: 529900AXX7CT9GZSCS30 | Long             | DBT              | CORP              | US        |    275000 | PA      | $187343.75    | 0.03%             | 2032-09-01      | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| Rocket Companies, Inc.                                                         | Rocket Companies, Inc.                                                         | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    290000 | PA      | $302403.30    | 0.05%             | 2033-08-01      | Fixed         | 6.38%                 | Yes           | 2                  | On Loan: No      |
| Trivium Packaging Finance B.V.                                                 | Trivium Packaging Finance B.V.                                                 | CUSIP: 89686QAD8<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | US        |    139000 | PA      | $148586.83    | 0.03%             | 2030-07-15      | Fixed         | 8.25%                 | Yes           | 2                  | On Loan: No      |
| W. R. Grace Holdings LLC                                                       | W. R. Grace Holdings LLC                                                       | CUSIP: 92943GAF8<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    185000 | PA      | $187179.30    | 0.03%             | 2032-08-15      | Fixed         | 6.63%                 | Yes           | 2                  | On Loan: No      |
| Ironwood Funding XIV LLC                                                       | Ironwood Funding XIV LLC                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   2745312 | NS      | $2691778.78   | 0.46%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Construction Finance Holdings LLC                                              | Construction Finance Holdings LLC                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   2333333 | NS      | $2353166.33   | 0.40%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Crash Champions, LLC                                                           | Crash Champions, LLC                                                           | CUSIP: 15870MAC0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    933399 | PA      | $883032.41    | 0.15%             | 2029-02-23      | Floating      | 8.57%                 | No            | 2                  | On Loan: No      |
| Tailored Brands Inc                                                            | Tailored Brands Inc                                                            | CUSIP: 58711MAF6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1063039 | PA      | $1063038.58   | 0.18%             | 2029-02-16      | Floating      | 9.60%                 | No            | 3                  | On Loan: No      |
| Star Holding LLC                                                               | Star Holding LLC                                                               | CUSIP: 85512FAC2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1980000 | PA      | $1943488.80   | 0.33%             | 2031-07-18      | Floating      | 8.42%                 | No            | 2                  | On Loan: No      |
| Bombardier Inc.                                                                | Bombardier Inc.                                                                | CUSIP: 097751CB5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | US        |    685000 | PA      | $729483.90    | 0.13%             | 2031-07-01      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| COMM 2024-CBM Mortgage Trust                                                   | COMM 2024-CBM Mortgage Trust                                                   | CUSIP: 12674GAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    330000 | PA      | $340944.85    | 0.06%             | 2029-12-12      | Variable      | 7.93%                 | No            | 2                  | On Loan: No      |
| Cape Lookout Re Ltd.                                                           | Cape Lookout Re Ltd.                                                           | CUSIP: 13947LAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1034900.00   | 0.18%             | 2027-04-05      | Floating      | 12.34%                | Yes           | 2                  | On Loan: No      |
| Kilimanjaro Re Limited                                                         | Kilimanjaro Re Limited                                                         | CUSIP: 49407QAN8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1022100.00   | 0.18%             | 2030-07-08      | Floating      | 7.67%                 | Yes           | 2                  | On Loan: No      |
| Queen Mergerco, Inc.                                                           | Queen Mergerco, Inc.                                                           | CUSIP: 74825NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    790000 | PA      | $825384.10    | 0.14%             | 2032-04-30      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| Talen Energy Supply, LLC                                                       | Talen Energy Supply, LLC                                                       | CUSIP: 87422VAM0<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |    410000 | PA      | $417814.60    | 0.07%             | 2034-02-01      | Fixed         | 6.25%                 | Yes           | 2                  | On Loan: No      |
| BCP V Modular Services Finance II PLC                                          | BCP V Modular Services Finance II PLC                                          | CUSIP: N/A<br>LEI: 213800227GGD6UI7PI97       | Long             | DBT              | CORP              | GB        |    100000 | PA      | $111012.92    | 0.02%             | 2028-11-30      | Fixed         | 4.75%                 | Yes           | 2                  | On Loan: No      |
| Albion Financing 1 S.a r.l.                                                    | Albion Financing 1 S.a r.l.                                                    | CUSIP: N/A<br>LEI: 259400W9CABUZBRDLP97       | Long             | DBT              | CORP              | LU        |    150000 | PA      | $181339.23    | 0.03%             | 2030-05-21      | Fixed         | 5.38%                 | Yes           | 2                  | On Loan: No      |
| Presidence de la Republique de Cote d'Ivoire                                   | Presidence de la Republique de Cote d'Ivoire                                   | CUSIP: N/A<br>LEI: 254900ICW11T82O6H590       | Long             | DBT              | NUSS              | CI        |   1050000 | PA      | $1194596.67   | 0.20%             | 2032-01-30      | Fixed         | 4.88%                 | Yes           | 2                  | On Loan: No      |
| Romania, Government of                                                         | Romania, Government of                                                         | CUSIP: N/A<br>LEI: 315700IASY927EDWBK92       | Long             | DBT              | NUSS              | RO        |   1681000 | PA      | $2114705.70   | 0.36%             | 2033-09-18      | Fixed         | 6.38%                 | Yes           | 2                  | On Loan: No      |
| Arqiva Broadcast Finance PLC                                                   | Arqiva Broadcast Finance PLC                                                   | CUSIP: N/A<br>LEI: 5493007PMKIGKNYH2S25       | Long             | DBT              | CORP              | GB        |    200000 | PA      | $277834.17    | 0.05%             | 2030-07-01      | Fixed         | 8.63%                 | Yes           | 2                  | On Loan: No      |
| Cutting Edge Group                                                             | Cutting Edge Group                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |    965917 | NS      | $944859.68    | 0.16%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Cutting Edge Group                                                             | Cutting Edge Group                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   3219422 | NS      | $3149238.47   | 0.54%             |  |  |  | Yes           | 3                  | On Loan: No      |
| CSC Holdings, LLC                                                              | CSC Holdings, LLC                                                              | CUSIP: 64072UAK8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    498677 | PA      | $434916.38    | 0.07%             | 2027-04-15      | Floating      | 8.25%                 | No            | 2                  | On Loan: No      |
| Team Services Group                                                            | Team Services Group                                                            | CUSIP: 87821EAB9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    493540 | PA      | $491161.19    | 0.08%             | 2027-12-20      | Floating      | 9.10%                 | No            | 2                  | On Loan: No      |
| Team Services Group                                                            | Team Services Group                                                            | CUSIP: 87821EAE3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1000000 | PA      | $995000.00    | 0.17%             | 2028-12-18      | Floating      | 13.10%                | No            | 3                  | On Loan: No      |
| Level 3 Financing Inc.                                                         | Level 3 Financing Inc.                                                         | CUSIP: 52729KAU0<br>LEI: N/A                  | Long             | LON              | CORP              | XX        |   1500000 | PA      | $1503375.00   | 0.26%             | 2032-03-29      | Floating      | 7.17%                 | No            | 2                  | On Loan: No      |
| Prosus N.V.                                                                    | Prosus N.V.                                                                    | CUSIP: N/A<br>LEI: 635400Z5LQ5F9OLVT688       | Long             | DBT              | CORP              | US        |    390000 | PA      | $261250.39    | 0.04%             | 2051-02-08      | Fixed         | 3.83%                 | Yes           | 2                  | On Loan: No      |
| BMO 2024-5C3 Mortgage Trust                                                    | BMO 2024-5C3 Mortgage Trust                                                    | CUSIP: 09660QAY0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    241000 | PA      | $247740.94    | 0.04%             | 2029-02-16      | Variable      | 6.86%                 | No            | 2                  | On Loan: No      |
| CEMEX S.A.B. de C.V.                                                           | CEMEX S.A.B. de C.V.                                                           | CUSIP: 151290CC5<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | US        |    200000 | PA      | $208480.00    | 0.04%             | 2500-12-31      | Fixed         | 7.20%                 | Yes           | 2                  | On Loan: No      |
| Connecticut Avenue Securities Trust 2022-R08                                   | Connecticut Avenue Securities Trust 2022-R08                                   | CUSIP: 20755DAF3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    175000 | PA      | $186486.76    | 0.03%             | 2042-07-25      | Floating      | 9.47%                 | No            | 2                  | On Loan: No      |
| Midcontinent Communications                                                    | Midcontinent Communications                                                    | CUSIP: 59565XAD2<br>LEI: 549300ZI9GDQBS28C408 | Long             | DBT              | CORP              | US        |    255000 | PA      | $261163.35    | 0.04%             | 2032-08-15      | Fixed         | 8.00%                 | Yes           | 2                  | On Loan: No      |
| Montoya Re Ltd.                                                                | Montoya Re Ltd.                                                                | CUSIP: 613752AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1838375.00   | 0.32%             | 2027-04-07      | Floating      | 16.80%                | Yes           | 2                  | On Loan: No      |
| Sealed Air Corporation                                                         | Sealed Air Corporation                                                         | CUSIP: 812127AB4<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    305000 | PA      | $316699.80    | 0.05%             | 2031-02-15      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| UKG Inc.                                                                       | UKG Inc.                                                                       | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1181797.50   | 0.20%             | 2031-02-01      | Fixed         | 6.88%                 | Yes           | 2                  | On Loan: No      |
| BCP V Modular Services Finance PLC                                             | BCP V Modular Services Finance PLC                                             | CUSIP: N/A<br>LEI: 213800K8U94KVZL98H64       | Long             | DBT              | CORP              | GB        |    100000 | PA      | $90754.82     | 0.02%             | 2029-11-30      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| Nidda Healthcare Holding GmbH                                                  | Nidda Healthcare Holding GmbH                                                  | CUSIP: N/A<br>LEI: 549300Q89C4WAO6L0L19       | Long             | DBT              | CORP              | DE        |    200000 | PA      | $243560.20    | 0.04%             | 2030-02-21      | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| Dynasty Acquisition Co., Inc.                                                  | Dynasty Acquisition Co., Inc.                                                  | CUSIP: 26812CAP1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    505707 | PA      | $507375.39    | 0.09%             | 2031-10-24      | Floating      | 5.92%                 | No            | 2                  | On Loan: No      |
| RealPage, Inc                                                                  | RealPage, Inc                                                                  | CUSIP: 75605VAH5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1492500 | PA      | $1495768.58   | 0.26%             | 2028-04-24      | Floating      | 7.75%                 | No            | 2                  | On Loan: No      |
| Gobierno de La Republica del Paraguay                                          | Gobierno de La Republica del Paraguay                                          | CUSIP: N/A<br>LEI: 529900UXKJTJPCU0HK83       | Long             | DBT              | NUSS              | US        |    520000 | PA      | $566800.00    | 0.10%             | 2055-03-04      | Fixed         | 6.65%                 | Yes           | 2                  | On Loan: No      |
| Axis Bank Limited                                                              | Axis Bank Limited                                                              | CUSIP: N/A<br>LEI: 549300HVNWMJPOFVNI41       | Long             | DBT              | CORP              | US        |    300000 | PA      | $296250.00    | 0.05%             | 2500-12-31      | Fixed         | 4.10%                 | Yes           | 2                  | On Loan: No      |
| BCI Miami                                                                      | BCI Miami                                                                      | CUSIP: 05890MAC7<br>LEI: 549300E9E5Y3PKW24142 | Long             | DBT              | CORP              | US        |    305000 | PA      | $328427.81    | 0.06%             | 2500-12-31      | Fixed         | 8.75%                 | Yes           | 2                  | On Loan: No      |
| Builders FirstSource, Inc.                                                     | Builders FirstSource, Inc.                                                     | CUSIP: 12008RAT4<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    730000 | PA      | $763477.80    | 0.13%             | 2035-05-15      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| Business Jet Securities 2024-1, LLC                                            | Business Jet Securities 2024-1, LLC                                            | CUSIP: 12327CAB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    219797 | PA      | $223071.84    | 0.04%             | 2030-05-15      | Fixed         | 6.92%                 | No            | 2                  | On Loan: No      |
| Gateway Re II Ltd.                                                             | Gateway Re II Ltd.                                                             | CUSIP: 367927AA8<br>LEI: 5493000ENKV5WXNA8Z86 | Long             | DBT              | CORP              | US        |    250000 | PA      | $256250.00    | 0.04%             | 2026-04-27      | Floating      | 13.29%                | Yes           | 2                  | On Loan: No      |
| Hanwha Life Insurance Co., Ltd.                                                | Hanwha Life Insurance Co., Ltd.                                                | CUSIP: 41135UAC9<br>LEI: 988400ZKCI3R9DQHR320 | Long             | DBT              | CORP              | US        |    300000 | PA      | $311548.89    | 0.05%             | 2055-06-24      | Fixed         | 6.30%                 | Yes           | 2                  | On Loan: No      |
| Inversiones CMPC S.A.                                                          | Inversiones CMPC S.A.                                                          | CUSIP: 46128MAU5<br>LEI: 549300G475ACIABB4385 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200862.00    | 0.03%             | 2057-12-09      | Fixed         | 6.70%                 | Yes           | 2                  | On Loan: No      |
| Inversion Escrow Issuer, LLC                                                   | Inversion Escrow Issuer, LLC                                                   | CUSIP: 46150DAA0<br>LEI: 254900P6GHORGRVLKI95 | Long             | DBT              | CORP              | US        |    935000 | PA      | $928380.20    | 0.16%             | 2032-08-01      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| LGI Homes, Inc.                                                                | LGI Homes, Inc.                                                                | CUSIP: 50187TAK2<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |    615000 | PA      | $588019.95    | 0.10%             | 2032-11-15      | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| OneMain Finance Corporation                                                    | OneMain Finance Corporation                                                    | CUSIP: 682691AH3<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    715000 | PA      | $739860.55    | 0.13%             | 2029-05-15      | Fixed         | 6.63%                 | No            | 2                  | On Loan: No      |
| PoleStar Re Ltd.                                                               | PoleStar Re Ltd.                                                               | CUSIP: 73110JAE2<br>LEI: 254900VQQ6V3O4PG3408 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998500.00    | 0.17%             | 2029-01-08      | Floating      | 12.68%                | Yes           | 2                  | On Loan: No      |
| Rogers Communications Inc.                                                     | Rogers Communications Inc.                                                     | CUSIP: 775109DH1<br>LEI: 54930030NVF3Y2OL0A78 | Long             | DBT              | CORP              | US        |   1070000 | PA      | $1129518.75   | 0.19%             | 2055-04-15      | Fixed         | 7.13%                 | No            | 2                  | On Loan: No      |
| Zayo Group Holdings, Inc.                                                      | Zayo Group Holdings, Inc.                                                      | CUSIP: 98919VAC9<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |    269479 | PA      | $256005.05    | 0.04%             | 2030-03-09      | Fixed         | 6.25%                 | Yes           | 2                  | On Loan: No      |
| IQVIA Inc.                                                                     | IQVIA Inc.                                                                     | CUSIP: N/A<br>LEI: 549300PLWY28YB00C717       | Long             | DBT              | CORP              | US        |    300000 | PA      | $345766.17    | 0.06%             | 2028-01-15      | Fixed         | 2.25%                 | Yes           | 2                  | On Loan: No      |
| Vodafone Group Public Limited Company                                          | Vodafone Group Public Limited Company                                          | CUSIP: N/A<br>LEI: 213800TB53ELEUKM7Q61       | Long             | DBT              | CORP              | GB        |    503000 | PA      | $568958.38    | 0.10%             | 2080-08-27      | Fixed         | 3.00%                 | Yes           | 2                  | On Loan: No      |
| ABN AMRO Bank N.V.                                                             | ABN AMRO Bank N.V.                                                             | CUSIP: N/A<br>LEI: BFXS5XCH7N0Y05NIXW11       | Long             | DBT              | CORP              | NL        |    400000 | PA      | $501222.80    | 0.09%             | 2500-12-31      | Fixed         | 6.38%                 | Yes           | 2                  | On Loan: No      |
| COMMERZBANK Aktiengesellschaft                                                 | COMMERZBANK Aktiengesellschaft                                                 | CUSIP: N/A<br>LEI: 851WYGNLUQLFZBSYGB56       | Long             | DBT              | CORP              | DE        |    400000 | PA      | $528797.69    | 0.09%             | 2500-12-31      | Fixed         | 7.88%                 | Yes           | 2                  | On Loan: No      |
| SoftBank Group Corp.                                                           | SoftBank Group Corp.                                                           | CUSIP: N/A<br>LEI: 5493003BZYYYCDIO0R13       | Long             | DBT              | CORP              | JP        |    150000 | PA      | $179928.99    | 0.03%             | 2031-07-10      | Fixed         | 5.88%                 | Yes           | 2                  | On Loan: No      |
| Icebox Holdco III, Inc.                                                        | Icebox Holdco III, Inc.                                                        | CUSIP: 45114NAF4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1000000 | PA      | $1013750.00   | 0.17%             | 2029-12-21      | Floating      | 10.50%                | No            | 2                  | On Loan: No      |
| Bausch & Lomb Corporation                                                      | Bausch & Lomb Corporation                                                      | CUSIP: C0787FAG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1960000 | PA      | $1960000.00   | 0.34%             | 2028-09-14      | Floating      | 7.92%                 | No            | 2                  | On Loan: No      |
| Summit Behavioral Healthcare LLC                                               | Summit Behavioral Healthcare LLC                                               | CUSIP: 86602KAH9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    334321 | PA      | $342120.74    | 0.06%             | 2029-12-31      | Floating      | 10.01%                | No            | 2                  | On Loan: No      |
| Banco Actinver, S.A., Institucion de Banca Multiple, Grupo Financiero Actinver | Banco Actinver, S.A., Institucion de Banca Multiple, Grupo Financiero Actinver | CUSIP: N/A<br>LEI: 4469000001BLWI4LQJ08       | Long             | DBT              | CORP              | US        |    198101 | PA      | $208035.37    | 0.04%             | 2041-01-31      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| Acrisure, LLC                                                                  | Acrisure, LLC                                                                  | CUSIP: 004961AA6<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30833.10     | 0.01%             | 2032-07-01      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| CCO Holdings, LLC                                                              | CCO Holdings, LLC                                                              | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    395000 | PA      | $354018.75    | 0.06%             | 2032-05-01      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| MAD Commercial Mortgage Trust 2025-11MD                                        | MAD Commercial Mortgage Trust 2025-11MD                                        | CUSIP: 55616AAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    510000 | PA      | $512852.43    | 0.09%             | 2030-10-18      | Variable      | 7.33%                 | No            | 2                  | On Loan: No      |
| DS Parent Inc                                                                  | DS Parent Inc                                                                  | CUSIP: 23344YAG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1975000 | PA      | $1803175.00   | 0.31%             | 2030-12-13      | Floating      | 9.50%                 | No            | 2                  | On Loan: No      |
| Dynasty Acquisition Co., Inc.                                                  | Dynasty Acquisition Co., Inc.                                                  | CUSIP: 26812CAN6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1329519 | PA      | $1333906.28   | 0.23%             | 2031-10-24      | Floating      | 5.92%                 | No            | 2                  | On Loan: No      |
| EE TLB Borrower LLC                                                            | EE TLB Borrower LLC                                                            | CUSIP: 28189PAC2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $2009160.00   | 0.34%             | 2032-10-15      | Floating      | 7.86%                 | No            | 2                  | On Loan: No      |
| Federal Government of Nigeria                                                  | Federal Government of Nigeria                                                  | CUSIP: N/A<br>LEI: 549300GSBZD84TNEQ285       | Long             | DBT              | NUSS              | US        |    200000 | PA      | $196000.00    | 0.03%             | 2051-09-28      | Fixed         | 8.25%                 | Yes           | 2                  | On Loan: No      |
| Energy Transfer LP                                                             | Energy Transfer LP                                                             | CUSIP: 29273VBC3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    575000 | PA      | $590203.46    | 0.10%             | 2054-10-01      | Fixed         | 7.13%                 | No            | 2                  | On Loan: No      |
| Hilcorp Energy I, L.P.                                                         | Hilcorp Energy I, L.P.                                                         | CUSIP: 431318AZ7<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |    345000 | PA      | $324427.65    | 0.06%             | 2032-04-15      | Fixed         | 6.25%                 | Yes           | 2                  | On Loan: No      |
| IHOL-Verwaltungs-GmbH                                                          | IHOL-Verwaltungs-GmbH                                                          | CUSIP: 44963BAF5<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | US        |    325000 | PA      | $339218.75    | 0.06%             | 2030-11-15      | Fixed         | 7.75%                 | Yes           | 2                  | On Loan: No      |
| NYC Commercial Mortgage Trust 2025-3BP                                         | NYC Commercial Mortgage Trust 2025-3BP                                         | CUSIP: 67120UAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    251000 | PA      | $249746.66    | 0.04%             | 2027-02-16      | Floating      | 6.19%                 | No            | 2                  | On Loan: No      |
| TELUS Corporation                                                              | TELUS Corporation                                                              | CUSIP: 87971MCR2<br>LEI: L2TEUTQ8OSHMJWVLCE40 | Long             | DBT              | CORP              | US        |    655000 | PA      | $653903.33    | 0.11%             | 2056-06-09      | Fixed         | 6.63%                 | No            | 2                  | On Loan: No      |
| UGI International, LLC                                                         | UGI International, LLC                                                         | CUSIP: N/A<br>LEI: 5493001JFF8MQO00ZQ21       | Long             | DBT              | CORP              | US        |    200000 | PA      | $224169.40    | 0.04%             | 2029-12-01      | Fixed         | 2.50%                 | Yes           | 2                  | On Loan: No      |
| Flutter Treasury Designated Activity Company                                   | Flutter Treasury Designated Activity Company                                   | CUSIP: N/A<br>LEI: 635400JE8VLL9UFVIC38       | Long             | DBT              | CORP              | IE        |    150000 | PA      | $181674.17    | 0.03%             | 2029-04-29      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| Heimstaden Bostad AB                                                           | Heimstaden Bostad AB                                                           | CUSIP: N/A<br>LEI: 549300TJR3PR8EXILG79       | Long             | DBT              | CORP              | SE        |    100000 | PA      | $122630.94    | 0.02%             | 2500-12-31      | Fixed         | 6.25%                 | Yes           | 2                  | On Loan: No      |
| Cutting Edge Group                                                             | Cutting Edge Group                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |    178667 | NS      | $174771.74    | 0.03%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Herc Holdings Inc.                                                             | Herc Holdings Inc.                                                             | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    380000 | PA      | $402328.80    | 0.07%             | 2033-06-15      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| Hypatia Ltd.                                                                   | Hypatia Ltd.                                                                   | CUSIP: 44914CAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1690590.00   | 0.29%             | 2026-04-08      | Floating      | 14.30%                | Yes           | 2                  | On Loan: No      |
| Residential Reinsurance 2024 Limited                                           | Residential Reinsurance 2024 Limited                                           | CUSIP: 76112AAE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1292750.00   | 0.22%             | 2028-12-06      | Floating      | 9.07%                 | Yes           | 2                  | On Loan: No      |
| Sierra Timeshare 2024-3 Receivables Funding LLC                                | Sierra Timeshare 2024-3 Receivables Funding LLC                                | CUSIP: 82653BAD5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    244239 | PA      | $244411.26    | 0.04%             | 2041-08-20      | Fixed         | 6.93%                 | No            | 2                  | On Loan: No      |
| Volofin Finance (Ireland) Designated Activity Company                          | Volofin Finance (Ireland) Designated Activity Company                          | CUSIP: 92873RAB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    174372 | PA      | $178678.63    | 0.03%             | 2031-11-17      | Fixed         | 6.21%                 | No            | 3                  | On Loan: No      |
| Engineering S.R.L.                                                             | Engineering S.R.L.                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | IT        |    100000 | PA      | $124110.52    | 0.02%             | 2028-05-15      | Fixed         | 11.13%                | Yes           | 2                  | On Loan: No      |
| Optics BidCo S.p.A.                                                            | Optics BidCo S.p.A.                                                            | CUSIP: N/A<br>LEI: 254900QZ5RQ7MPFWE741       | Long             | DBT              | CORP              | IT        |    100000 | PA      | $110028.10    | 0.02%             | 2029-01-18      | Fixed         | 1.63%                 | Yes           | 2                  | On Loan: No      |
| Jerrold Finco PLC                                                              | Jerrold Finco PLC                                                              | CUSIP: N/A<br>LEI: 213800F7AYNHLL1BPR31       | Long             | DBT              | CORP              | GB        |    200000 | PA      | $274879.46    | 0.05%             | 2031-06-15      | Fixed         | 7.50%                 | Yes           | 2                  | On Loan: No      |
| Trivium Packaging Finance B.V.                                                 | Trivium Packaging Finance B.V.                                                 | CUSIP: N/A<br>LEI: 724500GMZWW3PVYET548       | Long             | DBT              | CORP              | NL        |    150000 | PA      | $184926.53    | 0.03%             | 2030-07-15      | Fixed         | 6.63%                 | Yes           | 2                  | On Loan: No      |
| Olympus Water US Holding Corporation                                           | Olympus Water US Holding Corporation                                           | CUSIP: N/A<br>LEI: 549300YU2GGVCBN3MY89       | Long             | DBT              | CORP              | US        |    200000 | PA      | $232670.79    | 0.04%             | 2033-02-15      | Fixed         | 6.13%                 | Yes           | 2                  | On Loan: No      |
| Cast and Crew Payroll, LLC                                                     | Cast and Crew Payroll, LLC                                                     | CUSIP: 14835JAQ3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1869302 | PA      | $1092607.24   | 0.19%             | 2028-12-30      | Floating      | 7.67%                 | No            | 2                  | On Loan: No      |
| Raven Acquisition Holdings LLC                                                 | Raven Acquisition Holdings LLC                                                 | CUSIP: 75419XAD6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    133333 | PA      | $133708.01    | 0.02%             | 2031-11-20      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| GS Mortgage Securities Trust 2018-GS10                                         | GS Mortgage Securities Trust 2018-GS10                                         | CUSIP: 36250SAL3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     40000 | PA      | $28426.89     | 0.00%             | 2028-07-12      | Variable      | 4.40%                 | No            | 2                  | On Loan: No      |
| J.P. Morgan Chase Commercial Mortgage Securities Trust 2022-OPO                | J.P. Morgan Chase Commercial Mortgage Securities Trust 2022-OPO                | CUSIP: 46655AAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    568000 | PA      | $473587.55    | 0.08%             | 2027-01-08      | Variable      | 3.45%                 | No            | 2                  | On Loan: No      |
| MED Commercial Mortgage Trust 2024-MOB                                         | MED Commercial Mortgage Trust 2024-MOB                                         | CUSIP: 55287BAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    411000 | PA      | $406776.89    | 0.07%             | 2026-05-15      | Floating      | 6.04%                 | No            | 2                  | On Loan: No      |
| Riverfront Re Ltd.                                                             | Riverfront Re Ltd.                                                             | CUSIP: 76870YAG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $794775.00    | 0.14%             | 2029-01-08      | Floating      | 11.67%                | Yes           | 2                  | On Loan: No      |
| Winston Re Ltd.                                                                | Winston Re Ltd.                                                                | CUSIP: 975660AA9<br>LEI: 2549001Q4VX5Y31QFJ88 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1379040.00   | 0.24%             | 2027-02-26      | Floating      | 13.99%                | Yes           | 2                  | On Loan: No      |
| RAC Bond Co PLC                                                                | RAC Bond Co PLC                                                                | CUSIP: N/A<br>LEI: 2138008FCM2SUNLC7B21       | Long             | DBT              | CORP              | GB        |    200000 | PA      | $267568.18    | 0.05%             | 2027-11-04      | Fixed         | 5.25%                 | Yes           | 2                  | On Loan: No      |
| Atos SE                                                                        | Atos SE                                                                        | CUSIP: N/A<br>LEI: 5493001EZOOA66PTBR68       | Long             | DBT              | CORP              | FR        |    400000 | PA      | $537202.72    | 0.09%             | 2029-12-18      | Fixed         | 9.36%                 | Yes           | 2                  | On Loan: No      |
| S&S Holdings LLC                                                               | S&S Holdings LLC                                                               | CUSIP: 78524HAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1958974 | PA      | $1957015.35   | 0.34%             | 2028-03-11      | Floating      | 8.83%                 | No            | 2                  | On Loan: No      |
| CommScope, Inc.                                                                | CommScope, Inc.                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1868644 | PA      | $1869522.53   | 0.32%             | 2029-12-15      | Floating      | 8.67%                 | No            | 2                  | On Loan: No      |
| Peer Holding III B.V.                                                          | Peer Holding III B.V.                                                          | CUSIP: N6872NAQ9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1000000 | PA      | $1000830.00   | 0.17%             | 2032-09-29      | Floating      | 6.19%                 | No            | 2                  | On Loan: No      |
| Government of the Republic of Zambia                                           | Government of the Republic of Zambia                                           | CUSIP: N/A<br>LEI: 213800DMLAZ6LGMMD849       | Long             | DBT              | NUSS              | US        |   1108601 | PA      | $1089200.20   | 0.19%             | 2033-06-30      | Fixed         | 5.75%                 | Yes           | 2                  | On Loan: No      |
| Ahead DB Holdings, LLC                                                         | Ahead DB Holdings, LLC                                                         | CUSIP: 00867FAA6<br>LEI: 254900L07WFL833JX193 | Long             | DBT              | CORP              | US        |    825000 | PA      | $828613.50    | 0.14%             | 2028-05-01      | Fixed         | 6.63%                 | Yes           | 2                  | On Loan: No      |
| BFLD Commercial Mortgage Trust 2025-5MW                                        | BFLD Commercial Mortgage Trust 2025-5MW                                        | CUSIP: 088921AD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    113000 | PA      | $115107.68    | 0.02%             | 2030-10-11      | Variable      | 6.37%                 | No            | 2                  | On Loan: No      |
| CDI Escrow Issuer, Inc.                                                        | CDI Escrow Issuer, Inc.                                                        | CUSIP: 12511VAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    645000 | PA      | $650934.00    | 0.11%             | 2030-04-01      | Fixed         | 5.75%                 | Yes           | 2                  | On Loan: No      |
| Global Aviation Leasing Co., Ltd.                                              | Global Aviation Leasing Co., Ltd.                                              | CUSIP: 37960JAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    445000 | PA      | $459653.85    | 0.08%             | 2027-09-01      | Fixed         | 8.75%                 | Yes           | 2                  | On Loan: No      |
| Molina Healthcare, Inc.                                                        | Molina Healthcare, Inc.                                                        | CUSIP: 60855RAM2<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    945000 | PA      | $963720.45    | 0.17%             | 2033-01-15      | Fixed         | 6.25%                 | Yes           | 2                  | On Loan: No      |
| ORL 2024-GLKS Mortgage Trust                                                   | ORL 2024-GLKS Mortgage Trust                                                   | CUSIP: 67120DAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $100311.28    | 0.02%             | 2026-12-15      | Floating      | 6.54%                 | No            | 2                  | On Loan: No      |
| Taseko Mines Limited                                                           | Taseko Mines Limited                                                           | CUSIP: 876511AG1<br>LEI: 549300XKUO1JSLU7KX54 | Long             | DBT              | CORP              | US        |    310000 | PA      | $329061.90    | 0.06%             | 2030-05-01      | Fixed         | 8.25%                 | Yes           | 2                  | On Loan: No      |
| Veraison Re Ltd.                                                               | Veraison Re Ltd.                                                               | CUSIP: 92335TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1030000.00   | 0.18%             | 2027-03-08      | Floating      | 8.47%                 | Yes           | 2                  | On Loan: No      |
| Wand NewCo 3, Inc.                                                             | Wand NewCo 3, Inc.                                                             | CUSIP: 933940AA6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | DBT              | CORP              | US        |    975000 | PA      | $1030077.75   | 0.18%             | 2032-01-30      | Fixed         | 7.63%                 | Yes           | 2                  | On Loan: No      |
| Willis Engine Structured Trust VIII                                            | Willis Engine Structured Trust VIII                                            | CUSIP: 97063RAB6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    278970 | PA      | $280309.41    | 0.05%             | 2031-06-16      | Fixed         | 6.07%                 | No            | 3                  | On Loan: No      |
| CD&R Firefly Bidco PLC                                                         | CD&R Firefly Bidco PLC                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | GB        |    100000 | PA      | $141197.82    | 0.02%             | 2029-04-30      | Fixed         | 8.63%                 | Yes           | 2                  | On Loan: No      |
| Grifols, S.A.                                                                  | Grifols, S.A.                                                                  | CUSIP: N/A<br>LEI: 959800HSSNXWRKBK4N60       | Long             | DBT              | CORP              | ES        |    550000 | PA      | $677850.65    | 0.12%             | 2030-05-01      | Fixed         | 7.50%                 | Yes           | 2                  | On Loan: No      |
| Eastern Power, LLC                                                             | Eastern Power, LLC                                                             | CUSIP: 87264NAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1884573 | PA      | $1893694.38   | 0.32%             | 2028-04-03      | Floating      | 9.17%                 | No            | 2                  | On Loan: No      |
| CPI Holdco B LLC                                                               | CPI Holdco B LLC                                                               | CUSIP: 1261MAAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1994962 | PA      | $1998573.10   | 0.34%             | 2031-05-10      | Floating      | 5.92%                 | No            | 2                  | On Loan: No      |
| Showtime Acquisition, L.L.C                                                    | Showtime Acquisition, L.L.C                                                    | CUSIP: 82540EAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1982469 | PA      | $1952731.58   | 0.34%             | 2031-08-13      | Floating      | 8.63%                 | No            | 2                  | On Loan: No      |
| Help At Home, Inc.                                                             | Help At Home, Inc.                                                             | CUSIP: 40467AAN9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1963463 | PA      | $1715889.73   | 0.29%             | 2031-09-20      | Floating      | 8.92%                 | No            | 2                  | On Loan: No      |
| LBM Acquisition LLC                                                            | LBM Acquisition LLC                                                            | CUSIP: 50179JAK4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1600000 | PA      | $1596800.00   | 0.27%             | 2031-06-06      | Floating      | 8.73%                 | No            | 2                  | On Loan: No      |
| Avient Corporation                                                             | Avient Corporation                                                             | CUSIP: 05368VAB2<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |    520000 | PA      | $532994.80    | 0.09%             | 2031-11-01      | Fixed         | 6.25%                 | Yes           | 2                  | On Loan: No      |
| Star Parent, Inc.                                                              | Star Parent, Inc.                                                              | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |    460000 | PA      | $491008.60    | 0.08%             | 2030-10-01      | Fixed         | 9.00%                 | Yes           | 2                  | On Loan: No      |
| W. R. Grace Holdings LLC                                                       | W. R. Grace Holdings LLC                                                       | CUSIP: 92943GAE1<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    305000 | PA      | $311862.50    | 0.05%             | 2031-03-01      | Fixed         | 7.38%                 | Yes           | 2                  | On Loan: No      |
| CPI Property Group                                                             | CPI Property Group                                                             | CUSIP: N/A<br>LEI: 222100CO2ZOTEPGJO223       | Long             | DBT              | CORP              | LU        |    100000 | PA      | $103088.54    | 0.02%             | 2500-12-31      | Fixed         | 3.75%                 | Yes           | 2                  | On Loan: No      |
| Lorca Telecom Bondco S.A.                                                      | Lorca Telecom Bondco S.A.                                                      | CUSIP: N/A<br>LEI: 9598004HFBAS82YM7X35       | Long             | DBT              | CORP              | ES        |     74468 | PA      | $87514.89     | 0.02%             | 2027-09-18      | Fixed         | 4.00%                 | Yes           | 2                  | On Loan: No      |
| Q-Park Holding I B.V.                                                          | Q-Park Holding I B.V.                                                          | CUSIP: N/A<br>LEI: 2549003839B7HE3NDP48       | Long             | DBT              | CORP              | NL        |    100000 | PA      | $119006.63    | 0.02%             | 2030-09-01      | Fixed         | 4.25%                 | Yes           | 2                  | On Loan: No      |
| Maya                                                                           | Maya                                                                           | CUSIP: N/A<br>LEI: 9695009PXA7OI9NXN582       | Long             | DBT              | CORP              | FR        |    200000 | PA      | $250150.72    | 0.04%             | 2031-04-15      | Fixed         | 6.88%                 | Yes           | 2                  | On Loan: No      |
| NGL Energy Partners LP                                                         | NGL Energy Partners LP                                                         | CUSIP: 62922KAF7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1970000 | PA      | $1986311.60   | 0.34%             | 2031-01-25      | Floating      | 7.42%                 | No            | 2                  | On Loan: No      |
| LifePoint Health, Inc.                                                         | LifePoint Health, Inc.                                                         | CUSIP: 75915TAL6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2493719 | PA      | $2495115.07   | 0.43%             | 2031-05-17      | Floating      | 7.33%                 | No            | 2                  | On Loan: No      |
| Orion US Finco Inc.                                                            | Orion US Finco Inc.                                                            | CUSIP: 68631KAE9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $2010000.00   | 0.34%             | 2033-07-29      | Floating      | 9.43%                 | No            | 2                  | On Loan: No      |
| Ascent Resources - Utica, LLC                                                  | Ascent Resources - Utica, LLC                                                  | CUSIP: 04364VBA0<br>LEI: 549300XIJBVTOE7Q8Q14 | Long             | DBT              | CORP              | US        |    280000 | PA      | $289128.00    | 0.05%             | 2033-07-15      | Fixed         | 6.63%                 | Yes           | 2                  | On Loan: No      |
| Goat Holdco, LLC                                                               | Goat Holdco, LLC                                                               | CUSIP: 38021MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    420000 | PA      | $430327.80    | 0.07%             | 2032-02-01      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| Navient Corporation                                                            | Navient Corporation                                                            | CUSIP: 63938CAQ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    470000 | PA      | $491455.50    | 0.08%             | 2032-06-15      | Fixed         | 7.88%                 | No            | 2                  | On Loan: No      |
| OneMain Finance Corporation                                                    | OneMain Finance Corporation                                                    | CUSIP: 682691AK6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    205000 | PA      | $212843.30    | 0.04%             | 2032-09-15      | Fixed         | 7.13%                 | No            | 2                  | On Loan: No      |
| Quikrete Holdings, Inc.                                                        | Quikrete Holdings, Inc.                                                        | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    465000 | PA      | $484237.05    | 0.08%             | 2032-03-01      | Fixed         | 6.38%                 | Yes           | 2                  | On Loan: No      |
| Stabilitas Re Ltd.                                                             | Stabilitas Re Ltd.                                                             | CUSIP: 85237TAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2564250.00   | 0.44%             | 2026-06-05      | Floating      | 12.28%                | Yes           | 2                  | On Loan: No      |
| Essendi S.A.                                                                   | Essendi S.A.                                                                   | CUSIP: N/A<br>LEI: 2221000MD2YP7WLTNC52       | Long             | DBT              | CORP              | LU        |    200000 | PA      | $240239.08    | 0.04%             | 2031-11-15      | Fixed         | 5.50%                 | Yes           | 2                  | On Loan: No      |
| Bubbles BidCo S.p.A.                                                           | Bubbles BidCo S.p.A.                                                           | CUSIP: N/A<br>LEI: 815600073942740CEB24       | Long             | DBT              | CORP              | IT        |    150000 | PA      | $180687.00    | 0.03%             | 2031-09-30      | Fixed         | 6.50%                 | Yes           | 2                  | On Loan: No      |
| MPT Operating Partnership, L.P.                                                | MPT Operating Partnership, L.P.                                                | CUSIP: N/A<br>LEI: WUQXXXF7PXTUPGROE843       | Long             | DBT              | CORP              | US        |    200000 | PA      | $243221.74    | 0.04%             | 2032-02-15      | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| Amspec Parent LLC                                                              | Amspec Parent LLC                                                              | CUSIP: 03218AAE9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1296750 | PA      | $1296750.00   | 0.22%             | 2031-12-22      | Floating      | 7.50%                 | No            | 2                  | On Loan: No      |
| Mona Lisa RE Ltd.                                                              | Mona Lisa RE Ltd.                                                              | CUSIP: 608800AJ7<br>LEI: 549300R6SO6XBFDC7M25 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2804450.00   | 0.48%             | 2029-01-08      | Floating      | 11.92%                | Yes           | 2                  | On Loan: No      |
| GS Mortgage Securities Trust 2016-GS2                                          | GS Mortgage Securities Trust 2016-GS2                                          | CUSIP: 36252TAY1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    286000 | PA      | $280331.62    | 0.05%             | 2026-05-12      | Variable      | 4.69%                 | No            | 2                  | On Loan: No      |
| Lightning Power, LLC                                                           | Lightning Power, LLC                                                           | CUSIP: 53229KAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1078000 | PA      | $1145709.18   | 0.20%             | 2032-08-15      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| Wayfair LLC                                                                    | Wayfair LLC                                                                    | CUSIP: 94419NAA5<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |    240000 | PA      | $249938.40    | 0.04%             | 2029-10-31      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| Teva Pharmaceutical Finance Netherlands II B.V.                                | Teva Pharmaceutical Finance Netherlands II B.V.                                | CUSIP: N/A<br>LEI: 549300HSQCIKJAOYIT23       | Long             | DBT              | CORP              | NL        |    500000 | PA      | $602413.39    | 0.10%             | 2030-05-09      | Fixed         | 4.38%                 | Yes           | 2                  | On Loan: No      |
| Star Parent Inc.                                                               | Star Parent Inc.                                                               | CUSIP: 87169DAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1556801 | PA      | $1558015.01   | 0.27%             | 2030-09-19      | Floating      | 8.00%                 | No            | 2                  | On Loan: No      |
| Banque Ouest Africaine De Developpement                                        | Banque Ouest Africaine De Developpement                                        | CUSIP: N/A<br>LEI: 529900LIZJABE4JJS826       | Long             | DBT              | CORP              | US        |    810000 | PA      | $817781.51    | 0.14%             | 2055-02-13      | Fixed         | 8.20%                 | Yes           | 2                  | On Loan: No      |
| Bridge STR RE Ltd.                                                             | Bridge STR RE Ltd.                                                             | CUSIP: 10807LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3051000.00   | 0.52%             | 2028-01-07      | Floating      | 8.02%                 | Yes           | 3                  | On Loan: No      |
| Clear Channel Outdoor Holdings, Inc.                                           | Clear Channel Outdoor Holdings, Inc.                                           | CUSIP: 18453HAG1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    335000 | PA      | $350513.85    | 0.06%             | 2031-02-15      | Fixed         | 7.13%                 | Yes           | 2                  | On Loan: No      |
| Mystic Re IV Ltd.                                                              | Mystic Re IV Ltd.                                                              | CUSIP: 62865LAK3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000021.30   | 0.17%             | 2029-01-08      | Floating      | 10.63%                | Yes           | 2                  | On Loan: No      |
| WBI Operations LLC                                                             | WBI Operations LLC                                                             | CUSIP: 92944BAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    210000 | PA      | $208882.80    | 0.04%             | 2033-10-15      | Fixed         | 6.50%                 | Yes           | 2                  | On Loan: No      |
| Avianca MidCo 2 PLC                                                            | Avianca MidCo 2 PLC                                                            | CUSIP: 05369YAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    454000 | PA      | $454476.70    | 0.08%             | 2030-02-14      | Fixed         | 9.63%                 | Yes           | 2                  | On Loan: No      |
| Benchmark 2020-B16 Mortgage Trust                                              | Benchmark 2020-B16 Mortgage Trust                                              | CUSIP: 08161NAK3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    298000 | PA      | $250746.59    | 0.04%             | 2030-01-17      | Variable      | 3.52%                 | No            | 2                  | On Loan: No      |
| Connecticut Avenue Securities Trust 2022-R02                                   | Connecticut Avenue Securities Trust 2022-R02                                   | CUSIP: 20754BAF8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    606000 | PA      | $626173.26    | 0.11%             | 2042-01-27      | Floating      | 8.37%                 | No            | 2                  | On Loan: No      |
| Rocket Companies, Inc.                                                         | Rocket Companies, Inc.                                                         | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    380000 | PA      | $392201.80    | 0.07%             | 2030-08-01      | Fixed         | 6.13%                 | Yes           | 2                  | On Loan: No      |
| Sempra                                                                         | Sempra                                                                         | CUSIP: 816851BV0<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    875000 | PA      | $892197.86    | 0.15%             | 2055-04-01      | Fixed         | 6.55%                 | No            | 2                  | On Loan: No      |
| Terex Corporation                                                              | Terex Corporation                                                              | CUSIP: 880779BB8<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |   1020000 | PA      | $1045826.40   | 0.18%             | 2032-10-15      | Fixed         | 6.25%                 | Yes           | 2                  | On Loan: No      |
| United Group B.V.                                                              | United Group B.V.                                                              | CUSIP: N/A<br>LEI: 213800PC85O8BJ7DU398       | Long             | DBT              | CORP              | NL        |    100000 | PA      | $117226.20    | 0.02%             | 2030-02-01      | Fixed         | 5.25%                 | Yes           | 2                  | On Loan: No      |
| Rossini S.a r.l.                                                               | Rossini S.a r.l.                                                               | CUSIP: N/A<br>LEI: 549300EC5JCCW6F83R11       | Long             | DBT              | CORP              | LU        |    100000 | PA      | $123249.10    | 0.02%             | 2029-12-31      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| Ats Consolidated, Inc.                                                         | Ats Consolidated, Inc.                                                         | CUSIP: 91835HAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    330000 | PA      | $328482.00    | 0.06%             | 2029-04-15      | Fixed         | 5.50%                 | Yes           | 2                  | On Loan: No      |
| FNAC Darty                                                                     | FNAC Darty                                                                     | CUSIP: N/A<br>LEI: 96950091FL62XSLPHO35       | Long             | DBT              | CORP              | FR        |    200000 | PA      | $243325.16    | 0.04%             | 2029-04-01      | Fixed         | 6.00%                 | Yes           | 2                  | On Loan: No      |
| A2a S.P.A.                                                                     | A2a S.P.A.                                                                     | CUSIP: N/A<br>LEI: 81560076E3944316DB24       | Long             | DBT              | CORP              | IT        |    200000 | PA      | $242385.00    | 0.04%             | 2500-12-31      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| Holding D'infrastructures Des Metiers De L'environnement                       | Holding D'infrastructures Des Metiers De L'environnement                       | CUSIP: N/A<br>LEI: 969500I3QVK40XEORU25       | Long             | DBT              | CORP              | FR        |    400000 | PA      | $486556.30    | 0.08%             | 2029-10-24      | Fixed         | 4.88%                 | Yes           | 2                  | On Loan: No      |
| LuxCo 3                                                                        | LuxCo 3                                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |      1552 | NS      | $27358.66     | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| Michaels Companies, Inc.                                                       | Michaels Companies, Inc.                                                       | CUSIP: 59408UAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    997396 | PA      | $962486.98    | 0.17%             | 2028-04-08      | Floating      | 8.51%                 | No            | 2                  | On Loan: No      |
| Artera Services, LLC                                                           | Artera Services, LLC                                                           | CUSIP: 73937UAL2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2466222 | PA      | $1983779.37   | 0.34%             | 2031-02-07      | Floating      | 8.50%                 | No            | 2                  | On Loan: No      |
| Worldwide Express Operations, LLC                                              | Worldwide Express Operations, LLC                                              | CUSIP: 00435UAF5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1979434 | PA      | $1986857.32   | 0.34%             | 2028-07-26      | Floating      | 8.00%                 | No            | 2                  | On Loan: No      |
| Ascensus Group Holdings Inc.                                                   | Ascensus Group Holdings Inc.                                                   | CUSIP: 03836BAH2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1000000 | PA      | $998250.00    | 0.17%             | 2028-08-02      | Floating      | 6.95%                 | No            | 2                  | On Loan: No      |
| Presidencia de la Republica de El Salvador                                     | Presidencia de la Republica de El Salvador                                     | CUSIP: N/A<br>LEI: 529900AKDMUSFSDOM949       | Long             | DBT              | NUSS              | US        |    510000 | PA      | $575025.00    | 0.10%             | 2052-07-15      | Fixed         | 9.50%                 | Yes           | 2                  | On Loan: No      |
| EDP, S.A.                                                                      | EDP, S.A.                                                                      | CUSIP: N/A<br>LEI: 529900CLC3WDMGI9VH80       | Long             | DBT              | CORP              | PT        |    400000 | PA      | $483594.80    | 0.08%             | 2054-05-29      | Fixed         | 4.75%                 | Yes           | 2                  | On Loan: No      |
| Cullinan Holdco SCSp                                                           | Cullinan Holdco SCSp                                                           | CUSIP: N/A<br>LEI: 549300F81ZP47K818173       | Long             | DBT              | CORP              | LU        |     92214 | PA      | $94823.66     | 0.02%             | 2029-10-15      | Fixed         | 8.50%                 | Yes           | 2                  | On Loan: No      |
| Bertrand Franchise Finance                                                     | Bertrand Franchise Finance                                                     | CUSIP: N/A<br>LEI: 969500HGPPEHSTNJFW57       | Long             | DBT              | CORP              | FR        |    100000 | PA      | $116456.44    | 0.02%             | 2030-07-18      | Floating      | 5.75%                 | Yes           | 2                  | On Loan: No      |
| Newfold Digital Holdings Group Inc.                                            | Newfold Digital Holdings Group Inc.                                            | CUSIP: 65131PAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    787057 | PA      | $733931.01    | 0.13%             | 2029-04-30      | Floating      | 9.49%                 | No            | 2                  | On Loan: No      |
| Gobierno de la Republica del Ecuador                                           | Gobierno de la Republica del Ecuador                                           | CUSIP: N/A<br>LEI: 5299003Y2U5XK0A35H71       | Long             | DBT              | NUSS              | US        |    587189 | PA      | $579849.14    | 0.10%             | 2030-07-31      | Fixed         | 6.90%                 | Yes           | 2                  | On Loan: No      |
| Government of the People's Republic of Benin                                   | Government of the People's Republic of Benin                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | US        |    770000 | PA      | $797912.50    | 0.14%             | 2038-02-13      | Fixed         | 7.96%                 | Yes           | 2                  | On Loan: No      |
| Alliant Holdings Intermediate, LLC                                             | Alliant Holdings Intermediate, LLC                                             | CUSIP: 01883LAF0<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |     70000 | PA      | $72499.00     | 0.01%             | 2031-01-15      | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| Archrock Partners, L.P.                                                        | Archrock Partners, L.P.                                                        | CUSIP: 03959KAD2<br>LEI: 549300YFKOM2XNCKQU76 | Long             | DBT              | CORP              | US        |    350000 | PA      | $360199.00    | 0.06%             | 2032-09-01      | Fixed         | 6.63%                 | Yes           | 2                  | On Loan: No      |
| GreenSky Home Improvement Issuer Trust 2025-1                                  | GreenSky Home Improvement Issuer Trust 2025-1                                  | CUSIP: 39571NAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    832000 | PA      | $847647.26    | 0.15%             | 2060-03-25      | Fixed         | 6.22%                 | No            | 2                  | On Loan: No      |
| Herbie Re Ltd.                                                                 | Herbie Re Ltd.                                                                 | CUSIP: 42703VAJ2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2317950.00   | 0.40%             | 2029-01-08      | Floating      | 11.17%                | Yes           | 2                  | On Loan: No      |
| Meadows Ltd.                                                                   | Meadows Ltd.                                                                   | CUSIP: 58320RAB7<br>LEI: 254900W9CHL6SO5U0P81 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $994600.00    | 0.17%             | 2029-12-07      | Floating      | 15.34%                | Yes           | 2                  | On Loan: No      |
| BX Trust 2025-VLT7                                                             | BX Trust 2025-VLT7                                                             | CUSIP: 123913AG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $100320.19    | 0.02%             | 2030-07-15      | Floating      | 7.00%                 | No            | 2                  | On Loan: No      |
| PennyMac Financial Services, Inc.                                              | PennyMac Financial Services, Inc.                                              | CUSIP: 70932MAF4<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    490000 | PA      | $510570.20    | 0.09%             | 2033-02-15      | Fixed         | 6.88%                 | Yes           | 2                  | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust 2017-C39                                 | Wells Fargo Commercial Mortgage Trust 2017-C39                                 | CUSIP: 95000XAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    143000 | PA      | $132852.09    | 0.02%             | 2027-08-17      | Fixed         | 4.12%                 | No            | 2                  | On Loan: No      |
| Landesbank Baden-Wurttemberg                                                   | Landesbank Baden-Wurttemberg                                                   | CUSIP: N/A<br>LEI: B81CK4ESI35472RHJ606       | Long             | DBT              | CORP              | DE        |    200000 | PA      | $244895.23    | 0.04%             | 2500-12-31      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| Pinnacle Bidco PLC                                                             | Pinnacle Bidco PLC                                                             | CUSIP: N/A<br>LEI: 2138006Z5V8OBL2A2Q06       | Long             | DBT              | CORP              | GB        |    200000 | PA      | $283743.58    | 0.05%             | 2028-10-11      | Fixed         | 10.00%                | Yes           | 2                  | On Loan: No      |
| Benchmark 2020-B19 Mortgage Trust                                              | Benchmark 2020-B19 Mortgage Trust                                              | CUSIP: 08162WBG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    156000 | PA      | $123000.54    | 0.02%             | 2030-09-17      | Fixed         | 2.35%                 | No            | 2                  | On Loan: No      |
| Blackstone Mortgage Trust, Inc.                                                | Blackstone Mortgage Trust, Inc.                                                | CUSIP: 09257WAF7<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | DBT              | CORP              | US        |    455000 | PA      | $484502.20    | 0.08%             | 2029-12-01      | Fixed         | 7.75%                 | Yes           | 2                  | On Loan: No      |
| Wesco Distribution, Inc.                                                       | Wesco Distribution, Inc.                                                       | CUSIP: 95081QAR5<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    800000 | PA      | $836360.00    | 0.14%             | 2032-03-15      | Fixed         | 6.63%                 | Yes           | 2                  | On Loan: No      |
| Presidence de la Republique de Cote d'Ivoire                                   | Presidence de la Republique de Cote d'Ivoire                                   | CUSIP: N/A<br>LEI: 254900ICW11T82O6H590       | Long             | DBT              | NUSS              | CI        |   1410000 | PA      | $1495869.05   | 0.26%             | 2048-03-22      | Fixed         | 6.63%                 | Yes           | 2                  | On Loan: No      |
| Loxama                                                                         | Loxama                                                                         | CUSIP: N/A<br>LEI: 969500BNA2YRNE1R5K91       | Long             | DBT              | CORP              | FR        |    180000 | PA      | $218675.34    | 0.04%             | 2029-05-31      | Fixed         | 6.38%                 | Yes           | 2                  | On Loan: No      |
| Ahlstrom Holding 3 Oy                                                          | Ahlstrom Holding 3 Oy                                                          | CUSIP: N/A<br>LEI: 743700UEY0YM039XN974       | Long             | DBT              | CORP              | FI        |    200000 | PA      | $232689.60    | 0.04%             | 2028-02-04      | Fixed         | 3.63%                 | Yes           | 2                  | On Loan: No      |
| Optics BidCo S.p.A.                                                            | Optics BidCo S.p.A.                                                            | CUSIP: N/A<br>LEI: 254900QZ5RQ7MPFWE741       | Long             | DBT              | CORP              | IT        |    160000 | PA      | $205189.92    | 0.04%             | 2028-07-31      | Fixed         | 7.88%                 | No            | 2                  | On Loan: No      |
| British Telecommunications Public Limited Company                              | British Telecommunications Public Limited Company                              | CUSIP: N/A<br>LEI: 549300OWFMSO9NYV4H90       | Long             | DBT              | CORP              | GB        |    360000 | PA      | $520443.69    | 0.09%             | 2083-12-20      | Fixed         | 8.38%                 | Yes           | 2                  | On Loan: No      |
| Celanese US Holdings LLC                                                       | Celanese US Holdings LLC                                                       | CUSIP: 15089QBB9<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    165000 | PA      | $188914.87    | 0.03%             | 2031-04-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Constant Contact Inc                                                           | Constant Contact Inc                                                           | CUSIP: 21031HAC5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1000000 | PA      | $950890.00    | 0.16%             | 2026-03-31      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| Cornerstone Building Brands, Inc.                                              | Cornerstone Building Brands, Inc.                                              | CUSIP: 72431HAE0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1648350 | PA      | $1159334.01   | 0.20%             | 2031-05-05      | Floating      | 8.25%                 | No            | 2                  | On Loan: No      |
| Confluence Technologies, Inc                                                   | Confluence Technologies, Inc                                                   | CUSIP: 20716HAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    610943 | PA      | $606361.01    | 0.10%             | 2028-07-30      | Floating      | 8.85%                 | No            | 2                  | On Loan: No      |
| Starwood Property Trust, Inc.                                                  | Starwood Property Trust, Inc.                                                  | CUSIP: 85571BBD6<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    690000 | PA      | $719925.30    | 0.12%             | 2030-07-01      | Fixed         | 6.50%                 | Yes           | 2                  | On Loan: No      |
| Windstream Services, LLC                                                       | Windstream Services, LLC                                                       | CUSIP: 97381AAA0<br>LEI: 549300L3SXBFJVGRCF66 | Long             | DBT              | CORP              | US        |    445000 | PA      | $466845.05    | 0.08%             | 2031-10-01      | Fixed         | 8.25%                 | Yes           | 2                  | On Loan: No      |
| Food Service Project SL                                                        | Food Service Project SL                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | ES        |    163000 | PA      | $191797.05    | 0.03%             | 2027-01-21      | Fixed         | 5.50%                 | Yes           | 2                  | On Loan: No      |
| Team Health Holdings, Inc.                                                     | Team Health Holdings, Inc.                                                     | CUSIP: 87817JAH1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1995000 | PA      | $1999987.50   | 0.34%             | 2028-06-30      | Floating      | 8.34%                 | No            | 2                  | On Loan: No      |
| Century Aluminum Company                                                       | Century Aluminum Company                                                       | CUSIP: 156431AS7<br>LEI: 549300U5ODNGEYWKSW73 | Long             | DBT              | CORP              | US        |    405000 | PA      | $416356.20    | 0.07%             | 2032-08-01      | Fixed         | 6.88%                 | Yes           | 2                  | On Loan: No      |
| MAD Commercial Mortgage Trust 2025-11MD                                        | MAD Commercial Mortgage Trust 2025-11MD                                        | CUSIP: 55616AAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    399000 | PA      | $401113.66    | 0.07%             | 2030-10-18      | Variable      | 6.36%                 | No            | 2                  | On Loan: No      |
| CPI Property Group                                                             | CPI Property Group                                                             | CUSIP: N/A<br>LEI: 222100CO2ZOTEPGJO223       | Long             | DBT              | CORP              | GB        |    200000 | PA      | $256444.89    | 0.04%             | 2028-01-22      | Fixed         | 4.00%                 | Yes           | 2                  | On Loan: No      |
| New Immo Holding                                                               | New Immo Holding                                                               | CUSIP: N/A<br>LEI: 969500ASEC557H5A4F22       | Long             | DBT              | CORP              | FR        |    200000 | PA      | $244845.87    | 0.04%             | 2029-03-22      | Fixed         | 6.00%                 | Yes           | 2                  | On Loan: No      |
| Presidencia de la Republica Dominicana                                         | Presidencia de la Republica Dominicana                                         | CUSIP: N/A<br>LEI: 254900EHU7Q8FGVPI369       | Long             | DBT              | NUSS              | US        |    540000 | PA      | $581850.00    | 0.10%             | 2031-02-03      | Fixed         | 7.05%                 | Yes           | 2                  | On Loan: No      |
| Federal Government of Nigeria                                                  | Federal Government of Nigeria                                                  | CUSIP: N/A<br>LEI: 549300GSBZD84TNEQ285       | Long             | DBT              | NUSS              | NG        |    790000 | PA      | $861100.00    | 0.15%             | 2031-01-21      | Fixed         | 8.75%                 | Yes           | 2                  | On Loan: No      |
| Azule Energy Finance PLC                                                       | Azule Energy Finance PLC                                                       | CUSIP: 05501YAA6<br>LEI: 2138006X6O82RJSQDB63 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250207.50    | 0.04%             | 2030-01-23      | Fixed         | 8.13%                 | Yes           | 2                  | On Loan: No      |
| Calderys Financing, LLC                                                        | Calderys Financing, LLC                                                        | CUSIP: 128786AA8<br>LEI: 254900ZIKDM74XNEFV84 | Long             | DBT              | CORP              | US        |    180000 | PA      | $190963.80    | 0.03%             | 2028-06-01      | Fixed         | 11.25%                | Yes           | 2                  | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                         | Federal Home Loan Mortgage Corporation                                         | CUSIP: 35564KPN3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    745000 | PA      | $762396.12    | 0.13%             | 2030-12-25      | Floating      | 7.62%                 | No            | 2                  | On Loan: No      |
| OBX 2025-HE1 Trust                                                             | OBX 2025-HE1 Trust                                                             | CUSIP: 67121CAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    266000 | PA      | $261168.00    | 0.04%             | 2055-02-25      | Floating      | 6.22%                 | No            | 2                  | On Loan: No      |
| 3264 Re Ltd.                                                                   | 3264 Re Ltd.                                                                   | CUSIP: 88577CAH4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1999800.00   | 0.34%             | 2029-01-08      | Floating      | 4.12%                 | Yes           | 2                  | On Loan: No      |
| Vistra Operations Company LLC                                                  | Vistra Operations Company LLC                                                  | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10595.00     | 0.00%             | 2031-10-15      | Fixed         | 7.75%                 | Yes           | 2                  | On Loan: No      |
| Guala Closures S.p.A.                                                          | Guala Closures S.p.A.                                                          | CUSIP: N/A<br>LEI: 81560065108651154262       | Long             | DBT              | CORP              | IT        |    188000 | PA      | $217490.97    | 0.04%             | 2028-06-15      | Fixed         | 3.25%                 | Yes           | 2                  | On Loan: No      |
| Currenta Group Holdings S.a r.l.                                               | Currenta Group Holdings S.a r.l.                                               | CUSIP: N/A<br>LEI: 222100SF79KCJKYUPE47       | Long             | DBT              | CORP              | LU        |    250000 | PA      | $296168.03    | 0.05%             | 2030-05-15      | Fixed         | 5.50%                 | Yes           | 2                  | On Loan: No      |
| Greentown China Holdings Limited                                               | Greentown China Holdings Limited                                               | CUSIP: N/A<br>LEI: 529900BLBC6YDNWS8530       | Long             | DBT              | CORP              | US        |    400000 | PA      | $400375.00    | 0.07%             | 2028-02-24      | Fixed         | 8.45%                 | Yes           | 2                  | On Loan: No      |
| People's Government of Inner Mongolia Autonomous Region                        | People's Government of Inner Mongolia Autonomous Region                        | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | US        |    500000 | PA      | $460000.00    | 0.08%             | 2031-07-07      | Fixed         | 4.45%                 | Yes           | 2                  | On Loan: No      |
| Optics BidCo S.p.A.                                                            | Optics BidCo S.p.A.                                                            | CUSIP: N/A<br>LEI: 254900QZ5RQ7MPFWE741       | Long             | DBT              | CORP              | IT        |    100000 | PA      | $116051.00    | 0.02%             | 2027-10-12      | Fixed         | 2.38%                 | Yes           | 2                  | On Loan: No      |
| Cloudera, Inc.                                                                 | Cloudera, Inc.                                                                 | CUSIP: 74339VAE8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $1733520.00   | 0.30%             | 2029-10-01      | Floating      | 10.02%                | No            | 2                  | On Loan: No      |
| Cape Lookout Re Ltd.                                                           | Cape Lookout Re Ltd.                                                           | CUSIP: 13947LAG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1323000.00   | 0.23%             | 2028-03-13      | Floating      | 10.50%                | Yes           | 2                  | On Loan: No      |
| Clarios Global LP                                                              | Clarios Global LP                                                              | CUSIP: 18060TAE5<br>LEI: 549300474L1ZLXZY2P98 | Long             | DBT              | CORP              | US        |    330000 | PA      | $341991.38    | 0.06%             | 2032-09-15      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| MIWD Holdco II LLC                                                             | MIWD Holdco II LLC                                                             | CUSIP: 55337PAA0<br>LEI: 254900X3SPV5RVFJEY72 | Long             | DBT              | CORP              | US        |    245000 | PA      | $237444.20    | 0.04%             | 2030-02-01      | Fixed         | 5.50%                 | Yes           | 2                  | On Loan: No      |
| Sempra                                                                         | Sempra                                                                         | CUSIP: 816851BW8<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    775000 | PA      | $791374.74    | 0.14%             | 2056-04-01      | Fixed         | 6.38%                 | No            | 2                  | On Loan: No      |
| Upgrade Master Pass-Thru Trust                                                 | Upgrade Master Pass-Thru Trust                                                 | CUSIP: 91533KAB6<br>LEI: N/A                  | Long             | EC               | PF                | US        |  11000000 | NS      | $6461950.00   | 1.11%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Eutelsat S.A.                                                                  | Eutelsat S.A.                                                                  | CUSIP: N/A<br>LEI: 549300MCOOY1V7P2PG30       | Long             | DBT              | CORP              | FR        |    200000 | PA      | $232637.89    | 0.04%             | 2027-07-13      | Fixed         | 2.25%                 | Yes           | 2                  | On Loan: No      |
| United Group B.V.                                                              | United Group B.V.                                                              | CUSIP: N/A<br>LEI: 213800PC85O8BJ7DU398       | Long             | DBT              | CORP              | NL        |    150000 | PA      | $180687.00    | 0.03%             | 2031-02-15      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| Nationwide Building Society                                                    | Nationwide Building Society                                                    | CUSIP: N/A<br>LEI: 549300XFX12G42QIKN82       | Long             | DBT              | CORP              | GB        |    300000 | PA      | $420491.81    | 0.07%             | 2500-12-31      | Fixed         | 7.50%                 | Yes           | 2                  | On Loan: No      |
| Boots Group Finco LP                                                           | Boots Group Finco LP                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    200000 | PA      | $242415.55    | 0.04%             | 2032-08-31      | Fixed         | 5.38%                 | Yes           | 2                  | On Loan: No      |
| Abertis Infraestructuras Finance B.V.                                          | Abertis Infraestructuras Finance B.V.                                          | CUSIP: N/A<br>LEI: 5493007WHKI5H75YJ358       | Long             | DBT              | CORP              | NL        |    400000 | PA      | $482969.59    | 0.08%             | 2500-12-31      | Fixed         | 4.87%                 | Yes           | 2                  | On Loan: No      |
| Mehilainen Yhtiot Oy                                                           | Mehilainen Yhtiot Oy                                                           | CUSIP: N/A<br>LEI: 2138006X78HGYRHS5865       | Long             | DBT              | CORP              | FI        |    200000 | PA      | $237848.73    | 0.04%             | 2032-06-30      | Fixed         | 5.13%                 | Yes           | 2                  | On Loan: No      |
| Peraton Corp.                                                                  | Peraton Corp.                                                                  | CUSIP: 71360HAG2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    790000 | PA      | $618672.70    | 0.11%             | 2029-02-01      | Floating      | 11.67%                | No            | 2                  | On Loan: No      |
| Aretec Group, Inc.                                                             | Aretec Group, Inc.                                                             | CUSIP: 04009DAH7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    982600 | PA      | $985675.42    | 0.17%             | 2030-08-09      | Floating      | 6.92%                 | No            | 2                  | On Loan: No      |
| New Fortress Energy Inc                                                        | New Fortress Energy Inc                                                        | CUSIP: 64439HAC3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1975038 | PA      | $805815.34    | 0.14%             | 2028-10-30      | Floating      | 9.24%                 | No            | 2                  | On Loan: No      |
| Peninsula Pacific Entertainment, LLC                                           | Peninsula Pacific Entertainment, LLC                                           | CUSIP: 70715SAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1620253 | PA      | $1624303.79   | 0.28%             | 2032-08-14      | Floating      | 8.74%                 | No            | 3                  | On Loan: No      |
| Alpha Generation LLC                                                           | Alpha Generation LLC                                                           | CUSIP: 02073LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1145000 | PA      | $1184442.39   | 0.20%             | 2032-10-15      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| Peninsula Pacific Entertainment, LLC                                           | Peninsula Pacific Entertainment, LLC                                           | CUSIP: 70715SAD9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    379747 | PA      | $380696.21    | 0.07%             | 2032-08-14      | Floating      | 0.00%                 | No            | 3                  | On Loan: No      |
| PFI Lower Midco LLC                                                            | PFI Lower Midco LLC                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2000000 | PA      | $2012500.00   | 0.35%             | 2032-11-15      | Floating      | 7.83%                 | No            | 2                  | On Loan: No      |
| BX Trust 2025-VOLT                                                             | BX Trust 2025-VOLT                                                             | CUSIP: 05619PAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    749000 | PA      | $748066.67    | 0.13%             | 2030-12-16      | Floating      | 6.75%                 | No            | 2                  | On Loan: No      |
| Bausch + Lomb Corporation                                                      | Bausch + Lomb Corporation                                                      | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | US        |   1020000 | PA      | $1063987.50   | 0.18%             | 2028-10-01      | Fixed         | 8.38%                 | Yes           | 2                  | On Loan: No      |
| Cloud Software Group, Inc.                                                     | Cloud Software Group, Inc.                                                     | CUSIP: 18912UAG7<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    760000 | PA      | $752407.60    | 0.13%             | 2033-08-15      | Fixed         | 6.63%                 | Yes           | 2                  | On Loan: No      |
| Ellucian Holdings Inc.                                                         | Ellucian Holdings Inc.                                                         | CUSIP: 289178AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    195000 | PA      | $198695.25    | 0.03%             | 2029-12-01      | Fixed         | 6.50%                 | Yes           | 2                  | On Loan: No      |
| Acadia Healthcare Company, Inc.                                                | Acadia Healthcare Company, Inc.                                                | CUSIP: 00404AAP4<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |    340000 | PA      | $326767.20    | 0.06%             | 2029-04-15      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| Spire Inc.                                                                     | Spire Inc.                                                                     | CUSIP: 84857LAD3<br>LEI: 549300NXSY15DRY2R511 | Long             | DBT              | CORP              | US        |    480000 | PA      | $477216.38    | 0.08%             | 2056-06-01      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| Block, Inc.                                                                    | Block, Inc.                                                                    | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    430000 | PA      | $447200.00    | 0.08%             | 2032-05-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| V.F. Corporation                                                               | V.F. Corporation                                                               | CUSIP: 918204BE7<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | DBT              | CORP              | US        |    220000 | PA      | $258735.32    | 0.04%             | 2029-03-07      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| Ardagh Metal Packaging Finance Public Limited Company                          | Ardagh Metal Packaging Finance Public Limited Company                          | CUSIP: 03969YAD0<br>LEI: 635400FSFRHBFVPTP424 | Long             | DBT              | CORP              | US        |    140000 | PA      | $142989.00    | 0.02%             | 2031-01-30      | Fixed         | 6.25%                 | Yes           | 2                  | On Loan: No      |
| Comstock Resources, Inc.                                                       | Comstock Resources, Inc.                                                       | CUSIP: 205768AS3<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |    260000 | PA      | $259732.20    | 0.04%             | 2029-03-01      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| DC Office Trust 2019-MTC                                                       | DC Office Trust 2019-MTC                                                       | CUSIP: 23312BAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    387000 | PA      | $331631.56    | 0.06%             | 2029-11-17      | Variable      | 3.07%                 | No            | 2                  | On Loan: No      |
| PetSmart, LLC                                                                  | PetSmart, LLC                                                                  | CUSIP: 71677KAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $66660.75     | 0.01%             | 2033-09-15      | Fixed         | 10.00%                | Yes           | 2                  | On Loan: No      |
| Intesa Sanpaolo SPA                                                            | Intesa Sanpaolo SPA                                                            | CUSIP: N/A<br>LEI: 2W8N8UU78PMDQKZENC08       | Long             | DBT              | CORP              | IT        |    400000 | PA      | $507686.40    | 0.09%             | 2500-12-31      | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| Galaxy US Opco Inc.                                                            | Galaxy US Opco Inc.                                                            | CUSIP: 36321DAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1369327 | PA      | $1312102.38   | 0.23%             | 2029-04-19      | Floating      | 5.84%                 | No            | 2                  | On Loan: No      |
| Glatfelter Corp                                                                | Glatfelter Corp                                                                | CUSIP: 89458XAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2259946 | PA      | $2241120.88   | 0.38%             | 2031-10-10      | Floating      | 8.07%                 | No            | 2                  | On Loan: No      |
| Government of Commonwealth of the Bahamas                                      | Government of Commonwealth of the Bahamas                                      | CUSIP: N/A<br>LEI: 549300W13SXC7EKNJC20       | Long             | DBT              | NUSS              | US        |    660000 | PA      | $736725.00    | 0.13%             | 2036-06-24      | Fixed         | 8.25%                 | Yes           | 2                  | On Loan: No      |
| KRC Materials, Inc.                                                            | KRC Materials, Inc.                                                            | CUSIP: 498894AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $235077.75    | 0.04%             | 2031-05-01      | Fixed         | 7.75%                 | Yes           | 2                  | On Loan: No      |
| Level 3 Financing, Inc.                                                        | Level 3 Financing, Inc.                                                        | CUSIP: 527298CQ4<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    140000 | PA      | $143520.22    | 0.02%             | 2036-01-15      | Fixed         | 8.50%                 | Yes           | 2                  | On Loan: No      |
| ELM Trust 2024-ELM                                                             | ELM Trust 2024-ELM                                                             | CUSIP: 26860XBE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    278000 | PA      | $279484.55    | 0.05%             | 2027-06-11      | Variable      | 6.85%                 | No            | 2                  | On Loan: No      |
| 3264 Re Ltd.                                                                   | 3264 Re Ltd.                                                                   | CUSIP: 88577CAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $536250.00    | 0.09%             | 2028-02-07      | Floating      | 25.17%                | Yes           | 2                  | On Loan: No      |
| Four Lakes Re Ltd.                                                             | Four Lakes Re Ltd.                                                             | CUSIP: 35087TAG3<br>LEI: 549300MG4RRU6DT7MN54 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1539150.00   | 0.26%             | 2028-01-07      | Floating      | 9.42%                 | Yes           | 2                  | On Loan: No      |
| Rogers Communications Inc.                                                     | Rogers Communications Inc.                                                     | CUSIP: 775109DG3<br>LEI: 54930030NVF3Y2OL0A78 | Long             | DBT              | CORP              | US        |    505000 | PA      | $528361.30    | 0.09%             | 2055-04-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Telefonica Europe B.V.                                                         | Telefonica Europe B.V.                                                         | CUSIP: N/A<br>LEI: 7245007FZS0M65WUGP67       | Long             | DBT              | CORP              | NL        |    400000 | PA      | $445988.40    | 0.08%             | 2500-12-31      | Fixed         | 2.38%                 | Yes           | 2                  | On Loan: No      |
| Eiger Funding (PCC) Ltd.                                                       | Eiger Funding (PCC) Ltd.                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |   8107062 | NS      | $12541971.73  | 2.15%             |  |  |  | Yes           | N/A                | On Loan: No      |
| TransDigm Inc.                                                                 | TransDigm Inc.                                                                 | CUSIP: 893647CA3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    190000 | PA      | $197763.40    | 0.03%             | 2034-01-31      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| Almaviva - The Italian Innovation Company S.P.A. In Breve Almaviva S.P.A.      | Almaviva - The Italian Innovation Company S.P.A. In Breve Almaviva S.P.A.      | CUSIP: N/A<br>LEI: 815600A862DA4DD9E211       | Long             | DBT              | CORP              | IT        |    200000 | PA      | $236767.54    | 0.04%             | 2030-10-30      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| Northeast Grocery, Inc.                                                        | Northeast Grocery, Inc.                                                        | CUSIP: 66417AAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1775000 | PA      | $1779437.50   | 0.31%             | 2028-12-05      | Floating      | 11.38%                | No            | 2                  | On Loan: No      |
| Ellucian Holdings, Inc.                                                        | Ellucian Holdings, Inc.                                                        | CUSIP: 28917XAE0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $2013120.00   | 0.35%             | 2032-11-14      | Floating      | 8.67%                 | No            | 2                  | On Loan: No      |
| NEXUS Buyer LLC                                                                | NEXUS Buyer LLC                                                                | CUSIP: 65343UAL6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $1976260.00   | 0.34%             | 2032-01-30      | Floating      | 9.67%                 | No            | 2                  | On Loan: No      |
| Kaseya Inc.                                                                    | Kaseya Inc.                                                                    | CUSIP: 48578AAE8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1500000 | PA      | $1464690.00   | 0.25%             | 2033-03-07      | Floating      | 8.92%                 | No            | 2                  | On Loan: No      |
| Sierra Timeshare 2022-2 Receivables Funding LLC                                | Sierra Timeshare 2022-2 Receivables Funding LLC                                | CUSIP: 82650TAD9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    255857 | PA      | $261493.30    | 0.04%             | 2040-06-20      | Fixed         | 9.22%                 | No            | 2                  | On Loan: No      |
| Telecom Argentina S.A.                                                         | Telecom Argentina S.A.                                                         | CUSIP: 879273AU4<br>LEI: 549300MKPIRSJD8SB782 | Long             | DBT              | CORP              | US        |    300000 | PA      | $316203.00    | 0.05%             | 2031-07-18      | Fixed         | 9.50%                 | Yes           | 2                  | On Loan: No      |
| Heartland Dental, LLC                                                          | Heartland Dental, LLC                                                          | CUSIP: 42236WAX5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1989962 | PA      | $1996747.89   | 0.34%             | 2032-07-31      | Floating      | 7.67%                 | No            | 2                  | On Loan: No      |
| Purple Re Ltd.                                                                 | Purple Re Ltd.                                                                 | CUSIP: 74639NAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1844500.00   | 0.32%             | 2028-06-07      | Floating      | 10.95%                | Yes           | 2                  | On Loan: No      |
| Team Health Holdings, Inc.                                                     | Team Health Holdings, Inc.                                                     | CUSIP: 87817AAB3<br>LEI: 549300PVTQ4UDTTMQT11 | Long             | DBT              | CORP              | US        |    147663 | PA      | $155876.75    | 0.03%             | 2028-06-30      | Fixed         | 13.50%                | Yes           | 2                  | On Loan: No      |
| ZF Friedrichshafen AG                                                          | ZF Friedrichshafen AG                                                          | CUSIP: N/A<br>LEI: 549300RI533US2G6G542       | Long             | DBT              | CORP              | NL        |    100000 | PA      | $109951.71    | 0.02%             | 2029-10-23      | Fixed         | 3.00%                 | Yes           | 2                  | On Loan: No      |
| Arab Republic of Egypt                                                         | Arab Republic of Egypt                                                         | CUSIP: N/A<br>LEI: 529900GFIVH4086NMH82       | Long             | DBT              | NUSS              | US        |   1380000 | PA      | $1376550.00   | 0.24%             | 2049-03-01      | Fixed         | 8.70%                 | Yes           | 2                  | On Loan: No      |
| Harvest Commercial Capital, LLC                                                | Harvest Commercial Capital, LLC                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   8893709 | NS      | $8908828.64   | 1.53%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Perrigo Finance Unlimited Company                                              | Perrigo Finance Unlimited Company                                              | CUSIP: N/A<br>LEI: 549300E86RB6YCTMRM83       | Long             | DBT              | CORP              | IE        |    100000 | PA      | $119504.91    | 0.02%             | 2032-09-30      | Fixed         | 5.38%                 | No            | 2                  | On Loan: No      |
| Nidda Healthcare Holding GmbH                                                  | Nidda Healthcare Holding GmbH                                                  | CUSIP: N/A<br>LEI: 549300Q89C4WAO6L0L19       | Long             | DBT              | CORP              | DE        |    200000 | PA      | $240916.00    | 0.04%             | 2030-02-21      | Fixed         | 5.63%                 | Yes           | 2                  | On Loan: No      |
| Shift4 Payments, LLC                                                           | Shift4 Payments, LLC                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    200000 | PA      | $240443.57    | 0.04%             | 2033-05-15      | Fixed         | 5.50%                 | Yes           | 2                  | On Loan: No      |
| CSN Islands XI Corp.                                                           | CSN Islands XI Corp.                                                           | CUSIP: N/A<br>LEI: 222100R8R68DM7VM3661       | Long             | DBT              | CORP              | US        |    350000 | PA      | $323734.25    | 0.06%             | 2028-01-28      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| Radiate Holdco, LLC                                                            | Radiate Holdco, LLC                                                            | CUSIP: 75025KAQ1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    334920 | PA      | $332408.18    | 0.06%             | 2029-06-26      | Floating      | 7.92%                 | No            | 2                  | On Loan: No      |
| Radiate Holdco, LLC                                                            | Radiate Holdco, LLC                                                            | CUSIP: 75025KAR9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    669840 | PA      | $664816.37    | 0.11%             | 2049-12-31      | Floating      | 0.00%                 | No            | 3                  | On Loan: No      |
| Albion Financing 1 S.a r.l.                                                    | Albion Financing 1 S.a r.l.                                                    | CUSIP: 01330AAA4<br>LEI: 259400W9CABUZBRDLP97 | Long             | DBT              | CORP              | US        |    250000 | PA      | $260625.00    | 0.04%             | 2030-05-21      | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| Cougar JV Subsidiary, LLC                                                      | Cougar JV Subsidiary, LLC                                                      | CUSIP: 22208WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    740000 | PA      | $790194.20    | 0.14%             | 2032-05-15      | Fixed         | 8.00%                 | Yes           | 2                  | On Loan: No      |
| Mauser Packaging Solutions Holding Company                                     | Mauser Packaging Solutions Holding Company                                     | CUSIP: 57763RAF4<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |    695000 | PA      | $667102.70    | 0.11%             | 2030-04-15      | Fixed         | 9.25%                 | Yes           | 2                  | On Loan: No      |
| Veraison Re Ltd.                                                               | Veraison Re Ltd.                                                               | CUSIP: 92335TAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1530150.00   | 0.26%             | 2028-03-08      | Floating      | 7.23%                 | Yes           | 2                  | On Loan: No      |
| Viking Ocean Cruises Ship VII Ltd                                              | Viking Ocean Cruises Ship VII Ltd                                              | CUSIP: 92682RAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    385000 | PA      | $385739.12    | 0.07%             | 2029-02-15      | Fixed         | 5.63%                 | Yes           | 2                  | On Loan: No      |
| Techem Verwaltungsgesellschaft 675 mbH                                         | Techem Verwaltungsgesellschaft 675 mbH                                         | CUSIP: N/A<br>LEI: 529900N0M7FQHNAV1A41       | Long             | DBT              | CORP              | DE        |    378000 | PA      | $457552.36    | 0.08%             | 2029-07-15      | Fixed         | 5.38%                 | Yes           | 2                  | On Loan: No      |
| Teva Pharmaceutical Finance Netherlands II B.V.                                | Teva Pharmaceutical Finance Netherlands II B.V.                                | CUSIP: N/A<br>LEI: 549300HSQCIKJAOYIT23       | Long             | DBT              | CORP              | NL        |    550000 | PA      | $653793.13    | 0.11%             | 2031-06-01      | Fixed         | 4.13%                 | No            | 2                  | On Loan: No      |
| Iron Mountain Incorporated                                                     | Iron Mountain Incorporated                                                     | CUSIP: N/A<br>LEI: SQL3F6CKNNBM3SQGHX24       | Long             | DBT              | CORP              | US        |    100000 | PA      | $114002.63    | 0.02%             | 2034-01-15      | Fixed         | 4.75%                 | Yes           | 2                  | On Loan: No      |
| Turquoise Hill Resources Ltd.                                                  | Turquoise Hill Resources Ltd.                                                  | CUSIP: N/A<br>LEI: 549300R80B2163QFEC16       | Long             | DBT              | CORP              | US        |    200000 | PA      | $206000.00    | 0.04%             | 2030-01-23      | Fixed         | 7.88%                 | Yes           | 2                  | On Loan: No      |
| Endeavour Mining PLC                                                           | Endeavour Mining PLC                                                           | CUSIP: N/A<br>LEI: 529900NI5MXQ91GHXR07       | Long             | DBT              | CORP              | US        |    200000 | PA      | $206626.00    | 0.04%             | 2030-05-28      | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| Vision Solutions, Inc.                                                         | Vision Solutions, Inc.                                                         | CUSIP: 70477BAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    496124 | PA      | $459286.82    | 0.08%             | 2028-04-24      | Floating      | 8.10%                 | No            | 2                  | On Loan: No      |
| Federal Government of Nigeria                                                  | Federal Government of Nigeria                                                  | CUSIP: N/A<br>LEI: 549300GSBZD84TNEQ285       | Long             | DBT              | NUSS              | US        |   1370000 | PA      | $1371712.50   | 0.24%             | 2038-02-23      | Fixed         | 7.70%                 | Yes           | 2                  | On Loan: No      |
| BAMLL Trust 2024-BHP                                                           | BAMLL Trust 2024-BHP                                                           | CUSIP: 05493WAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $100866.06    | 0.02%             | 2026-08-17      | Floating      | 6.65%                 | No            | 2                  | On Loan: No      |
| Departamento Administrativo De La Presidencia De La Republica                  | Departamento Administrativo De La Presidencia De La Republica                  | CUSIP: 195325EG6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | US        |   2250000 | PA      | $2346084.00   | 0.40%             | 2034-02-02      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| Ghana, Government of                                                           | Ghana, Government of                                                           | CUSIP: 374422AP8<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | US        |    983760 | PA      | $898910.70    | 0.15%             | 2035-07-03      | Fixed         | 5.00%                 | Yes           | 2                  | On Loan: No      |
| K. Hovnanian Enterprises, Inc.                                                 | K. Hovnanian Enterprises, Inc.                                                 | CUSIP: 48251UAP3<br>LEI: 549300JJCQ0KAI7CJG32 | Long             | DBT              | CORP              | US        |    110000 | PA      | $111650.00    | 0.02%             | 2031-04-01      | Fixed         | 8.00%                 | Yes           | 2                  | On Loan: No      |
| SPX Flow, Inc.                                                                 | SPX Flow, Inc.                                                                 | CUSIP: 758071AA2<br>LEI: 5493003YXEKRBINIEM78 | Long             | DBT              | CORP              | US        |    690000 | PA      | $711169.20    | 0.12%             | 2030-04-01      | Fixed         | 8.75%                 | Yes           | 2                  | On Loan: No      |
| Trivium Packaging Finance B.V.                                                 | Trivium Packaging Finance B.V.                                                 | CUSIP: 89686QAC0<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | US        |    125000 | PA      | $135625.00    | 0.02%             | 2031-01-15      | Fixed         | 12.25%                | Yes           | 2                  | On Loan: No      |
| ZF North America Capital, Inc.                                                 | ZF North America Capital, Inc.                                                 | CUSIP: 98877DAH8<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    315000 | PA      | $318427.20    | 0.05%             | 2031-03-24      | Fixed         | 7.50%                 | Yes           | 2                  | On Loan: No      |
| Grunenthal GmbH                                                                | Grunenthal GmbH                                                                | CUSIP: N/A<br>LEI: 529900SH895E31PGLA72       | Long             | DBT              | CORP              | DE        |    400000 | PA      | $473779.53    | 0.08%             | 2031-11-15      | Fixed         | 4.63%                 | Yes           | 2                  | On Loan: No      |
| Allwyn Entertainment Financing (UK) PLC                                        | Allwyn Entertainment Financing (UK) PLC                                        | CUSIP: N/A<br>LEI: 315700J7ZTIN8XGCX365       | Long             | DBT              | CORP              | GB        |    201600 | PA      | $248766.33    | 0.04%             | 2030-04-30      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| Koninklijke KPN N.V.                                                           | Koninklijke KPN N.V.                                                           | CUSIP: N/A<br>LEI: 549300YO0JZHAL7FVP81       | Long             | DBT              | CORP              | NL        |    100000 | PA      | $121486.30    | 0.02%             | 2500-12-31      | Fixed         | 4.88%                 | Yes           | 2                  | On Loan: No      |
| Applied Systems, Inc.                                                          | Applied Systems, Inc.                                                          | CUSIP: 03827FBC4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2500000 | PA      | $2536725.00   | 0.44%             | 2032-02-07      | Floating      | 8.50%                 | No            | 2                  | On Loan: No      |
| Garda World Security Corporation                                               | Garda World Security Corporation                                               | CUSIP: C4000KAG9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    984937 | PA      | $987399.16    | 0.17%             | 2029-02-01      | Floating      | 6.75%                 | No            | 2                  | On Loan: No      |
| CP Iris HoldCo I, Inc.                                                         | CP Iris HoldCo I, Inc.                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1780220 | PA      | $1766120.44   | 0.30%             | 2032-10-20      | Floating      | 7.92%                 | No            | 2                  | On Loan: No      |
| Republic of Suriname, Government of the                                        | Republic of Suriname, Government of the                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | US        |    300000 | PA      | $326250.00    | 0.06%             | 2035-11-06      | Fixed         | 8.50%                 | Yes           | 2                  | On Loan: No      |
| JSC Uzbekneftegaz                                                              | JSC Uzbekneftegaz                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    510000 | PA      | $545383.80    | 0.09%             | 2030-05-07      | Fixed         | 8.75%                 | Yes           | 2                  | On Loan: No      |
| Atlas Capital Designated Activity Company                                      | Atlas Capital Designated Activity Company                                      | CUSIP: 049207AC7<br>LEI: 635400CBPJFGGWD2AH20 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1549050.00   | 0.27%             | 2028-06-07      | Floating      | 11.28%                | Yes           | 2                  | On Loan: No      |
| Castlelake Aircraft Structured Trust 2025-1                                    | Castlelake Aircraft Structured Trust 2025-1                                    | CUSIP: 14856VAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    393295 | PA      | $384839.38    | 0.07%             | 2030-08-15      | Fixed         | 7.75%                 | No            | 2                  | On Loan: No      |
| London Bridge 2 PCC Limited                                                    | London Bridge 2 PCC Limited                                                    | CUSIP: 54180CAA0<br>LEI: 549300TUFAUPZXE4UR14 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2066400.00   | 0.35%             | 2029-01-09      | Floating      | 11.44%                | Yes           | 2                  | On Loan: No      |
| Resideo Funding Inc.                                                           | Resideo Funding Inc.                                                           | CUSIP: 76119LAD3<br>LEI: 5493000IFJ6XJKH66598 | Long             | DBT              | CORP              | US        |    790000 | PA      | $808762.50    | 0.14%             | 2032-07-15      | Fixed         | 6.50%                 | Yes           | 2                  | On Loan: No      |
| United Parks And Resorts Inc.                                                  | United Parks And Resorts Inc.                                                  | CUSIP: 81282UAG7<br>LEI: 529900G0H4NV3IIK3269 | Long             | DBT              | CORP              | US        |    425000 | PA      | $412500.75    | 0.07%             | 2029-08-15      | Fixed         | 5.25%                 | Yes           | 2                  | On Loan: No      |
| U.S. Bank National Association                                                 | U.S. Bank National Association                                                 | CUSIP: 90357PBG8<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | ABS-CBDO         | CORP              | US        |    274513 | PA      | $273829.56    | 0.05%             | 2032-02-25      | Floating      | 6.57%                 | No            | 2                  | On Loan: No      |
| Ursa Re II Ltd.                                                                | Ursa Re II Ltd.                                                                | CUSIP: 91734PAK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $499250.00    | 0.09%             | 2028-06-07      | Floating      | 11.61%                | Yes           | 2                  | On Loan: No      |
| ADT Security Corporation, The                                                  | ADT Security Corporation, The                                                  | CUSIP: 00109LAB9<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |    585000 | PA      | $592727.85    | 0.10%             | 2033-10-15      | Fixed         | 5.88%                 | Yes           | 2                  | On Loan: No      |
| Axalta Coating Systems Dutch Holding B B.V.                                    | Axalta Coating Systems Dutch Holding B B.V.                                    | CUSIP: 05455JAA5<br>LEI: 5493007DMEBZH3CQ5E51 | Long             | DBT              | CORP              | US        |    200000 | PA      | $210418.00    | 0.04%             | 2031-02-15      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| VoltaGrid LLC                                                                  | VoltaGrid LLC                                                                  | CUSIP: 92874BAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    740000 | PA      | $733118.00    | 0.13%             | 2030-11-01      | Fixed         | 7.38%                 | Yes           | 2                  | On Loan: No      |
| Valeo                                                                          | Valeo                                                                          | CUSIP: N/A<br>LEI: 5493006IH2N2WMIBB742       | Long             | DBT              | CORP              | FR        |    300000 | PA      | $359547.74    | 0.06%             | 2030-04-11      | Fixed         | 4.50%                 | Yes           | 2                  | On Loan: No      |
| Paprec Holding                                                                 | Paprec Holding                                                                 | CUSIP: N/A<br>LEI: 969500ASAFSVN9KVC873       | Long             | DBT              | CORP              | FR        |    200000 | PA      | $237966.25    | 0.04%             | 2032-07-15      | Fixed         | 4.50%                 | Yes           | 2                  | On Loan: No      |
| Raven Acquisition Holdings LLC                                                 | Raven Acquisition Holdings LLC                                                 | CUSIP: 75419XAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1857333 | PA      | $1862552.44   | 0.32%             | 2031-10-25      | Floating      | 6.92%                 | No            | 2                  | On Loan: No      |
| PetSmart, Inc.                                                                 | PetSmart, Inc.                                                                 | CUSIP: 71677HAN5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $1989380.00   | 0.34%             | 2032-08-09      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| Business Jet Securities 2024-2, LLC                                            | Business Jet Securities 2024-2, LLC                                            | CUSIP: 12326TAB4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    311998 | PA      | $308036.11    | 0.05%             | 2030-09-15      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Purple Re Ltd.                                                                 | Purple Re Ltd.                                                                 | CUSIP: 74639NAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $519100.00    | 0.09%             | 2028-06-07      | Floating      | 11.45%                | Yes           | 2                  | On Loan: No      |
| Neptune Bidco US Inc                                                           | Neptune Bidco US Inc                                                           | CUSIP: 64069JAC6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1989796 | PA      | $1965420.92   | 0.34%             | 2029-04-11      | Floating      | 9.03%                 | No            | 2                  | On Loan: No      |
| Brand Industrial Services Inc                                                  | Brand Industrial Services Inc                                                  | CUSIP: 10524MAS6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1114816 | PA      | $1013468.25   | 0.17%             | 2030-08-01      | Floating      | 8.35%                 | No            | 2                  | On Loan: No      |
| Brock Holdings III, Inc.                                                       | Brock Holdings III, Inc.                                                       | CUSIP: 11163AAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    228571 | PA      | $228953.14    | 0.04%             | 2030-05-01      | Floating      | 9.75%                 | No            | 2                  | On Loan: No      |
| American Electric Power Company, Inc.                                          | American Electric Power Company, Inc.                                          | CUSIP: 02557TAF6<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    815000 | PA      | $800733.91    | 0.14%             | 2056-03-15      | Fixed         | 6.05%                 | No            | 2                  | On Loan: No      |
| Easton Re Pte. Ltd.                                                            | Easton Re Pte. Ltd.                                                            | CUSIP: 27777AAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1939330.00   | 0.33%             | 2027-01-08      | Floating      | 11.10%                | Yes           | 2                  | On Loan: No      |
| Fortress Intermediate 3, Inc.                                                  | Fortress Intermediate 3, Inc.                                                  | CUSIP: 34966MAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $728903.00    | 0.13%             | 2031-06-01      | Fixed         | 7.50%                 | Yes           | 2                  | On Loan: No      |
| Corporation De Securite Garda World                                            | Corporation De Securite Garda World                                            | CUSIP: 36485MAN9<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | US        |    655000 | PA      | $663875.25    | 0.11%             | 2032-08-01      | Fixed         | 8.25%                 | Yes           | 2                  | On Loan: No      |
| K. Hovnanian Enterprises, Inc.                                                 | K. Hovnanian Enterprises, Inc.                                                 | CUSIP: 48251UAQ1<br>LEI: 549300JJCQ0KAI7CJG32 | Long             | DBT              | CORP              | US        |     65000 | PA      | $66058.85     | 0.01%             | 2033-10-01      | Fixed         | 8.38%                 | Yes           | 2                  | On Loan: No      |
| Kilimanjaro III Re Limited                                                     | Kilimanjaro III Re Limited                                                     | CUSIP: 49407PAH3<br>LEI: 254900T37LD5YQ545V53 | Long             | DBT              | CORP              | US        |    275000 | PA      | $283167.50    | 0.05%             | 2026-04-20      | Floating      | 16.28%                | Yes           | 2                  | On Loan: No      |
| Palm Re Ltd.                                                                   | Palm Re Ltd.                                                                   | CUSIP: 69664FAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $783075.00    | 0.13%             | 2028-06-07      | Floating      | 11.43%                | Yes           | 2                  | On Loan: No      |
| Titania Re Ltd.                                                                | Titania Re Ltd.                                                                | CUSIP: 888329AE9<br>LEI: 5493008E73M6FH2NSB56 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2774200.00   | 0.48%             | 2027-11-26      | Floating      | 9.90%                 | Yes           | 2                  | On Loan: No      |
| White Cap Supply Holdings, LLC                                                 | White Cap Supply Holdings, LLC                                                 | CUSIP: 96467GAC2<br>LEI: 254900L2N0T6GULCL366 | Long             | DBT              | CORP              | US        |    205000 | PA      | $211836.75    | 0.04%             | 2030-11-15      | Fixed         | 7.38%                 | Yes           | 2                  | On Loan: No      |
| Wireless Propco Funding LLC                                                    | Wireless Propco Funding LLC                                                    | CUSIP: 97655EAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    660000 | PA      | $637266.56    | 0.11%             | 2030-06-25      | Fixed         | 4.30%                 | No            | 3                  | On Loan: No      |
| ABN AMRO Bank N.V.                                                             | ABN AMRO Bank N.V.                                                             | CUSIP: N/A<br>LEI: BFXS5XCH7N0Y05NIXW11       | Long             | DBT              | CORP              | NL        |    400000 | PA      | $512974.80    | 0.09%             | 2500-12-31      | Fixed         | 6.88%                 | Yes           | 2                  | On Loan: No      |
| Beach Acquisition Bidco, LLC                                                   | Beach Acquisition Bidco, LLC                                                   | CUSIP: N/A<br>LEI: 254900F2FNX3GBTB6202       | Long             | DBT              | CORP              | US        |    250000 | PA      | $299255.86    | 0.05%             | 2032-07-15      | Fixed         | 5.25%                 | Yes           | 2                  | On Loan: No      |
| Benchmark 2024-V5 Mortgage Trust                                               | Benchmark 2024-V5 Mortgage Trust                                               | CUSIP: 08163XBC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     55000 | PA      | $56497.42     | 0.01%             | 2029-01-12      | Variable      | 6.97%                 | No            | 2                  | On Loan: No      |
| Level 3 Financing, Inc.                                                        | Level 3 Financing, Inc.                                                        | CUSIP: 527298CN1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    285000 | PA      | $293344.80    | 0.05%             | 2034-03-31      | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| Madison IAQ LLC                                                                | Madison IAQ LLC                                                                | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |    555000 | PA      | $550082.70    | 0.09%             | 2029-06-30      | Fixed         | 5.88%                 | Yes           | 2                  | On Loan: No      |
| Star Holdings                                                                  | Star Holdings                                                                  | CUSIP: 85513AAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $287694.00    | 0.05%             | 2031-08-01      | Fixed         | 8.75%                 | Yes           | 2                  | On Loan: No      |
| Jaguar Land Rover Automotive PLC                                               | Jaguar Land Rover Automotive PLC                                               | CUSIP: N/A<br>LEI: 529900L73GEWN1O5NH84       | Long             | DBT              | CORP              | GB        |    300000 | PA      | $354752.92    | 0.06%             | 2028-07-15      | Fixed         | 4.50%                 | Yes           | 2                  | On Loan: No      |
| CaixaBank, S.A.                                                                | CaixaBank, S.A.                                                                | CUSIP: N/A<br>LEI: 7CUNS533WID6K7DGFI87       | Long             | DBT              | CORP              | ES        |    200000 | PA      | $260013.00    | 0.04%             | 2500-12-31      | Fixed         | 7.50%                 | Yes           | 2                  | On Loan: No      |
| Kronos International, Inc.                                                     | Kronos International, Inc.                                                     | CUSIP: N/A<br>LEI: 529900NTVDLUSYY9F493       | Long             | DBT              | CORP              | US        |    249000 | PA      | $270312.16    | 0.05%             | 2029-03-15      | Fixed         | 9.50%                 | Yes           | 2                  | On Loan: No      |
| Brock Holdings III, Inc.                                                       | Brock Holdings III, Inc.                                                       | CUSIP: 11163AAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1256429 | PA      | $1258526.81   | 0.22%             | 2030-05-01      | Floating      | 9.75%                 | No            | 2                  | On Loan: No      |
| Javelin Buyer, Inc.                                                            | Javelin Buyer, Inc.                                                            | CUSIP: 47189BAE9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $1983760.00   | 0.34%             | 2032-10-08      | Floating      | 8.82%                 | No            | 3                  | On Loan: No      |
| CP Iris HoldCo I, Inc.                                                         | CP Iris HoldCo I, Inc.                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    219780 | PA      | $218039.56    | 0.04%             | 2049-12-31      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| Newfold Digital Holdings Group Inc.                                            | Newfold Digital Holdings Group Inc.                                            | CUSIP: 65131PAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     17709 | PA      | $16513.45     | 0.00%             | 2029-04-30      | Floating      | 9.49%                 | No            | 2                  | On Loan: No      |
| Beignet Investments, LLC                                                       | Beignet Investments, LLC                                                       | CUSIP: 076912AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1365000 | PA      | $1445172.32   | 0.25%             | 2049-05-30      | Fixed         | 6.58%                 | Yes           | 2                  | On Loan: No      |
| Bell Canada inc.                                                               | Bell Canada inc.                                                               | CUSIP: 0778FPAP4<br>LEI: 549300O5ZKB2MUUSKB97 | Long             | DBT              | CORP              | US        |    525000 | PA      | $542538.36    | 0.09%             | 2055-09-15      | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| Chartwell Re Ltd.                                                              | Chartwell Re Ltd.                                                              | CUSIP: 16140YAB8<br>LEI: 984500FFT645KFFE6F50 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1036300.00   | 0.18%             | 2028-06-07      | Floating      | 10.78%                | Yes           | 2                  | On Loan: No      |
| Clear Channel Outdoor Holdings, Inc.                                           | Clear Channel Outdoor Holdings, Inc.                                           | CUSIP: 18453HAH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    335000 | PA      | $353843.75    | 0.06%             | 2033-03-15      | Fixed         | 7.50%                 | Yes           | 2                  | On Loan: No      |
| Mozart Debt Merger Sub Inc.                                                    | Mozart Debt Merger Sub Inc.                                                    | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    320000 | PA      | $321779.20    | 0.06%             | 2029-10-01      | Fixed         | 5.25%                 | Yes           | 2                  | On Loan: No      |
| Olympus Water US Holding Corporation                                           | Olympus Water US Holding Corporation                                           | CUSIP: 681639AD2<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |     70000 | PA      | $71563.80     | 0.01%             | 2031-06-15      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| Veraison Re Ltd.                                                               | Veraison Re Ltd.                                                               | CUSIP: 92335TAE9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1029400.00   | 0.18%             | 2028-03-08      | Floating      | 8.73%                 | Yes           | 2                  | On Loan: No      |
| Windstream Services, LLC                                                       | Windstream Services, LLC                                                       | CUSIP: 97382BAB5<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25699.75     | 0.00%             | 2033-10-15      | Fixed         | 7.50%                 | Yes           | 2                  | On Loan: No      |
| Motel One GmbH                                                                 | Motel One GmbH                                                                 | CUSIP: N/A<br>LEI: 529900OZ5000U0NZHM90       | Long             | DBT              | CORP              | DE        |     90000 | PA      | $112775.13    | 0.02%             | 2031-04-02      | Fixed         | 7.75%                 | Yes           | 2                  | On Loan: No      |
| Olympus Water US Holding Corporation                                           | Olympus Water US Holding Corporation                                           | CUSIP: 68163YAK1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $1986260.00   | 0.34%             | 2032-07-26      | Floating      | 7.10%                 | No            | 2                  | On Loan: No      |
| Gobierno de la Republica del Ecuador                                           | Gobierno de la Republica del Ecuador                                           | CUSIP: N/A<br>LEI: 5299003Y2U5XK0A35H71       | Long             | DBT              | NUSS              | US        |   1200084 | PA      | $1057574.03   | 0.18%             | 2035-07-31      | Fixed         | 6.90%                 | Yes           | 2                  | On Loan: No      |
| Banque Ouest Africaine De Developpement                                        | Banque Ouest Africaine De Developpement                                        | CUSIP: N/A<br>LEI: 529900LIZJABE4JJS826       | Long             | DBT              | CORP              | US        |    240000 | PA      | $221085.50    | 0.04%             | 2031-10-22      | Fixed         | 4.70%                 | Yes           | 2                  | On Loan: No      |
| Acushnet Company                                                               | Acushnet Company                                                               | CUSIP: 005095AB0<br>LEI: 549300H805O14KEFES79 | Long             | DBT              | CORP              | US        |    590000 | PA      | $595900.00    | 0.10%             | 2033-12-01      | Fixed         | 5.63%                 | Yes           | 2                  | On Loan: No      |
| BroadStreet Partners, Inc.                                                     | BroadStreet Partners, Inc.                                                     | CUSIP: 11135RAA3<br>LEI: 549300BS9N54G8DD0R75 | Long             | DBT              | CORP              | US        |    650000 | PA      | $647783.50    | 0.11%             | 2029-04-15      | Fixed         | 5.88%                 | Yes           | 2                  | On Loan: No      |
| Calderys Financing II, LLC                                                     | Calderys Financing II, LLC                                                     | CUSIP: 12878AAA9<br>LEI: 254900ZIKDM74XNEFV84 | Long             | DBT              | CORP              | US        |    286875 | PA      | $298350.00    | 0.05%             | 2028-06-01      | Fixed         | 11.75%                | Yes           | 2                  | On Loan: No      |
| Gateway Re Ltd                                                                 | Gateway Re Ltd                                                                 | CUSIP: 36779CAN6<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | US        |    500000 | PA      | $521950.00    | 0.09%             | 2027-07-07      | Floating      | 13.10%                | Yes           | 2                  | On Loan: No      |
| Jane Street Group, LLC                                                         | Jane Street Group, LLC                                                         | CUSIP: 47077WAE8<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |    210000 | PA      | $218998.50    | 0.04%             | 2033-05-01      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| Lifepoint Health, Inc.                                                         | Lifepoint Health, Inc.                                                         | CUSIP: 53219LAX7<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    370000 | PA      | $392177.80    | 0.07%             | 2032-06-01      | Fixed         | 10.00%                | Yes           | 2                  | On Loan: No      |
| Sanders Re III Ltd.                                                            | Sanders Re III Ltd.                                                            | CUSIP: 799927AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1050300.00   | 0.18%             | 2028-04-07      | Floating      | 9.19%                 | Yes           | 2                  | On Loan: No      |
| Sasol Financing USA LLC                                                        | Sasol Financing USA LLC                                                        | CUSIP: 80386WAB1<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |    490000 | PA      | $480935.00    | 0.08%             | 2028-09-27      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| South Africa, Parliament of                                                    | South Africa, Parliament of                                                    | CUSIP: 836205BB9<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | US        |   1490000 | PA      | $1255325.00   | 0.22%             | 2049-09-30      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| 1211 Avenue of The Americas                                                    | 1211 Avenue of The Americas                                                    | CUSIP: 90117PAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    355000 | PA      | $333406.59    | 0.06%             | 2035-08-10      | Variable      | 4.14%                 | No            | 2                  | On Loan: No      |
| VMED O2 UK Financing I PLC                                                     | VMED O2 UK Financing I PLC                                                     | CUSIP: N/A<br>LEI: 213800MRR46ECNGZ7L69       | Long             | DBT              | CORP              | GB        |    150000 | PA      | $179352.90    | 0.03%             | 2031-07-15      | Fixed         | 4.50%                 | Yes           | 2                  | On Loan: No      |
| AA Bond Co Limited                                                             | AA Bond Co Limited                                                             | CUSIP: N/A<br>LEI: 2138002EPF6QVRZBMC58       | Long             | DBT              | CORP              | GB        |    100000 | PA      | $143820.93    | 0.02%             | 2031-07-31      | Fixed         | 6.85%                 | Yes           | 2                  | On Loan: No      |
| ZF Friedrichshafen AG                                                          | ZF Friedrichshafen AG                                                          | CUSIP: N/A<br>LEI: 529900CAYOWB8YIG7X25       | Long             | DBT              | CORP              | NL        |    100000 | PA      | $123533.50    | 0.02%             | 2030-06-12      | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| The Democratic Socialist Republic of Sri Lanka                                 | The Democratic Socialist Republic of Sri Lanka                                 | CUSIP: N/A<br>LEI: 254900HXCCIOHM74FA02       | Long             | DBT              | NUSS              | US        |   1090575 | PA      | $993786.47    | 0.17%             | 2038-02-15      | Fixed         | 3.60%                 | Yes           | 2                  | On Loan: No      |
| Edelman Financial Center, LLC                                                  | Edelman Financial Center, LLC                                                  | CUSIP: 27943TAC3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1000000 | PA      | $996670.00    | 0.17%             | 2028-10-23      | Floating      | 9.17%                 | No            | 2                  | On Loan: No      |
| EMG Utica, LLC                                                                 | EMG Utica, LLC                                                                 | CUSIP: 26869HAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1989978 | PA      | $2009877.87   | 0.34%             | 2029-10-24      | Floating      | 8.00%                 | No            | 2                  | On Loan: No      |
| Meta Platforms, Inc.                                                           | Meta Platforms, Inc.                                                           | CUSIP: 30303MAE2<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    635000 | PA      | $609566.60    | 0.10%             | 2055-11-15      | Fixed         | 5.63%                 | No            | 2                  | On Loan: No      |
| RHP Hotel Properties, LP                                                       | RHP Hotel Properties, LP                                                       | CUSIP: 749571AL9<br>LEI: 549300SJMSMA2471GA96 | Long             | DBT              | CORP              | US        |    185000 | PA      | $192194.65    | 0.03%             | 2033-06-15      | Fixed         | 6.50%                 | Yes           | 2                  | On Loan: No      |
| Electricite de France                                                          | Electricite de France                                                          | CUSIP: N/A<br>LEI: 549300X3UK4GG3FNMO06       | Long             | DBT              | CORP              | FR        |    800000 | PA      | $916655.99    | 0.16%             | 2500-12-31      | Fixed         | 2.63%                 | Yes           | 2                  | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                         | Federal Home Loan Mortgage Corporation                                         | CUSIP: 35564KKK4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    890000 | PA      | $902813.69    | 0.15%             | 2041-09-25      | Floating      | 7.22%                 | No            | 2                  | On Loan: No      |
| Global Medical Response, Inc.                                                  | Global Medical Response, Inc.                                                  | CUSIP: 37960BAD7<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | DBT              | CORP              | US        |    310000 | PA      | $322012.50    | 0.06%             | 2032-10-01      | Fixed         | 7.38%                 | Yes           | 2                  | On Loan: No      |
| New Residential Mortgage LLC                                                   | New Residential Mortgage LLC                                                   | CUSIP: 62956YAA7<br>LEI: 549300FB4YR8GY21CA08 | Long             | ABS-MBS          | CORP              | US        |    573295 | PA      | $579018.54    | 0.10%             | 2029-11-25      | Fixed         | 7.40%                 | No            | 2                  | On Loan: No      |
| Virgin Media Vendor Financing Notes III Designated Activity Company            | Virgin Media Vendor Financing Notes III Designated Activity Company            | CUSIP: N/A<br>LEI: 635400SSKC2QCGEPIQ43       | Long             | DBT              | CORP              | GB        |    350000 | PA      | $458808.65    | 0.08%             | 2028-07-15      | Fixed         | 4.88%                 | Yes           | 2                  | On Loan: No      |
| Progroup AG                                                                    | Progroup AG                                                                    | CUSIP: N/A<br>LEI: 529900YI5W5TQ8F2FP82       | Long             | DBT              | CORP              | DE        |    195000 | PA      | $233433.32    | 0.04%             | 2031-04-15      | Fixed         | 5.38%                 | Yes           | 2                  | On Loan: No      |
| Alexandrite Monnet UK HoldCo PLC                                               | Alexandrite Monnet UK HoldCo PLC                                               | CUSIP: N/A<br>LEI: 254900UEO4639PJFQ079       | Long             | DBT              | CORP              | GB        |    200000 | PA      | $253255.60    | 0.04%             | 2029-05-15      | Fixed         | 10.50%                | Yes           | 2                  | On Loan: No      |
| Instructure Holdings, Inc.                                                     | Instructure Holdings, Inc.                                                     | CUSIP: 45115MAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1500000 | PA      | $1500000.00   | 0.26%             | 2032-09-10      | Floating      | 8.84%                 | No            | 2                  | On Loan: No      |
| Natgasoline LLC                                                                | Natgasoline LLC                                                                | CUSIP: 63232EAD9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1481250 | PA      | $1488656.25   | 0.26%             | 2030-03-25      | Floating      | 9.50%                 | No            | 2                  | On Loan: No      |
| Gobierno De La Republica De Honduras                                           | Gobierno De La Republica De Honduras                                           | CUSIP: N/A<br>LEI: 5493002DW1JNBNG17615       | Long             | DBT              | NUSS              | US        |   1480000 | PA      | $1670550.00   | 0.29%             | 2034-11-27      | Fixed         | 8.63%                 | Yes           | 2                  | On Loan: No      |
| Alliant Energy Corporation                                                     | Alliant Energy Corporation                                                     | CUSIP: 018802AF5<br>LEI: 5493009ML300G373MZ12 | Long             | DBT              | CORP              | US        |    565000 | PA      | $563462.13    | 0.10%             | 2056-04-01      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Ascent Resources - Utica, LLC                                                  | Ascent Resources - Utica, LLC                                                  | CUSIP: 04364VAU7<br>LEI: 549300XIJBVTOE7Q8Q14 | Long             | DBT              | CORP              | US        |    600000 | PA      | $600834.00    | 0.10%             | 2029-06-30      | Fixed         | 5.88%                 | Yes           | 2                  | On Loan: No      |
| Discovery Communications, LLC                                                  | Discovery Communications, LLC                                                  | CUSIP: 25470DCA5<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |     70000 | PA      | $67582.90     | 0.01%             | 2029-05-15      | Fixed         | 4.13%                 | No            | 2                  | On Loan: No      |
| Grupo Nutresa S.A.                                                             | Grupo Nutresa S.A.                                                             | CUSIP: 40055CAA1<br>LEI: 549300TN5BQ4P1MC6407 | Long             | DBT              | CORP              | US        |    440000 | PA      | $475995.39    | 0.08%             | 2030-05-12      | Fixed         | 8.00%                 | Yes           | 2                  | On Loan: No      |
| U S I, Inc.                                                                    | U S I, Inc.                                                                    | CUSIP: 90346KAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $99637.90     | 0.02%             | 2032-01-15      | Fixed         | 7.50%                 | Yes           | 2                  | On Loan: No      |
| Vistra Operations Company LLC                                                  | Vistra Operations Company LLC                                                  | CUSIP: 92840VAQ5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     20000 | PA      | $22253.26     | 0.00%             | 2033-10-15      | Fixed         | 6.95%                 | Yes           | 2                  | On Loan: No      |
| Castellum Aktiebolag                                                           | Castellum Aktiebolag                                                           | CUSIP: N/A<br>LEI: 549300GU5OHTR1T5IY68       | Long             | DBT              | CORP              | SE        |    150000 | PA      | $173607.59    | 0.03%             | 2500-12-31      | Fixed         | 3.13%                 | Yes           | 2                  | On Loan: No      |
| Bellis Acquisition Company PLC                                                 | Bellis Acquisition Company PLC                                                 | CUSIP: N/A<br>LEI: 259400CYE2267UB4A481       | Long             | DBT              | CORP              | GB        |    100000 | PA      | $125298.74    | 0.02%             | 2030-05-14      | Fixed         | 8.13%                 | Yes           | 2                  | On Loan: No      |
| Departamento Administrativo De La Presidencia De La Republica                  | Departamento Administrativo De La Presidencia De La Republica                  | CUSIP: N/A<br>LEI: 549300MHDRBVRF6B9117       | Long             | DBT              | NUSS              | CO        |    244000 | PA      | $277472.47    | 0.05%             | 2038-11-26      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Telefonica Europe B.V.                                                         | Telefonica Europe B.V.                                                         | CUSIP: N/A<br>LEI: 7245007FZS0M65WUGP67       | Long             | DBT              | CORP              | NL        |    100000 | PA      | $125158.80    | 0.02%             | 2500-12-31      | Fixed         | 6.13%                 | Yes           | 2                  | On Loan: No      |
| B&M European Value Retail S.A.                                                 | B&M European Value Retail S.A.                                                 | CUSIP: N/A<br>LEI: 213800UK7ZRLY2K1X530       | Long             | DBT              | CORP              | GB        |    267000 | PA      | $354061.56    | 0.06%             | 2031-11-27      | Fixed         | 6.50%                 | Yes           | 2                  | On Loan: No      |
| Edge Finco PLC                                                                 | Edge Finco PLC                                                                 | CUSIP: N/A<br>LEI: 648835NI8LJE5190NT73       | Long             | DBT              | CORP              | GB        |    200000 | PA      | $286199.55    | 0.05%             | 2031-08-15      | Fixed         | 8.13%                 | Yes           | 2                  | On Loan: No      |
| Benteler International Aktiengesellschaft                                      | Benteler International Aktiengesellschaft                                      | CUSIP: N/A<br>LEI: 529900ZAFSOBVFCKF263       | Long             | DBT              | CORP              | AT        |    200000 | PA      | $251873.56    | 0.04%             | 2031-06-15      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| Team Services Group                                                            | Team Services Group                                                            | CUSIP: 87821EAG8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    992500 | PA      | $988470.45    | 0.17%             | 2027-12-20      | Floating      | 9.09%                 | No            | 2                  | On Loan: No      |
| Synechron Inc                                                                  | Synechron Inc                                                                  | CUSIP: 87168HAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1990000 | PA      | $1975075.00   | 0.34%             | 2031-09-25      | Floating      | 7.57%                 | No            | 2                  | On Loan: No      |
| Republica de Angola                                                            | Republica de Angola                                                            | CUSIP: N/A<br>LEI: 549300QHR2R3J8JSGK83       | Long             | DBT              | NUSS              | AO        |    760000 | PA      | $667850.00    | 0.11%             | 2048-05-08      | Fixed         | 9.38%                 | Yes           | 2                  | On Loan: No      |
| ZF Friedrichshafen AG                                                          | ZF Friedrichshafen AG                                                          | CUSIP: N/A<br>LEI: 529900CAYOWB8YIG7X25       | Long             | DBT              | CORP              | DE        |    200000 | PA      | $223539.49    | 0.04%             | 2028-05-03      | Fixed         | 2.25%                 | Yes           | 2                  | On Loan: No      |
| Telefonica Europe B.V.                                                         | Telefonica Europe B.V.                                                         | CUSIP: N/A<br>LEI: 7245007FZS0M65WUGP67       | Long             | DBT              | CORP              | NL        |    200000 | PA      | $259719.20    | 0.04%             | 2500-12-31      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| Fresnillo PLC                                                                  | Fresnillo PLC                                                                  | CUSIP: N/A<br>LEI: 549300JXWH1UV5J0XV81       | Long             | DBT              | CORP              | US        |    200000 | PA      | $159800.66    | 0.03%             | 2050-10-02      | Fixed         | 4.25%                 | Yes           | 2                  | On Loan: No      |
| IRIS Holdings Inc.                                                             | IRIS Holdings Inc.                                                             | CUSIP: 46271BAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1021061 | PA      | $988519.45    | 0.17%             | 2028-06-15      | Floating      | 8.69%                 | No            | 2                  | On Loan: No      |
| Allied Universal Holdco LLC                                                    | Allied Universal Holdco LLC                                                    | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |    290000 | PA      | $305616.50    | 0.05%             | 2031-02-15      | Fixed         | 7.88%                 | Yes           | 2                  | On Loan: No      |
| BBVA Mexico, S.A., Institucion de Banca Multiple, Grupo Financiero BBVA Mexico | BBVA Mexico, S.A., Institucion de Banca Multiple, Grupo Financiero BBVA Mexico | CUSIP: 072912AA6<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | US        |    359000 | PA      | $377560.23    | 0.06%             | 2035-02-11      | Fixed         | 7.63%                 | Yes           | 2                  | On Loan: No      |
| Bayview Opportunity Master Fund VII 2025-EDU1 LLC                              | Bayview Opportunity Master Fund VII 2025-EDU1 LLC                              | CUSIP: 07337GAB9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    740955 | PA      | $739951.05    | 0.13%             | 2048-07-27      | Floating      | 5.57%                 | No            | 2                  | On Loan: No      |
| Capstone Copper Corp.                                                          | Capstone Copper Corp.                                                          | CUSIP: 14071LAA6<br>LEI: 549300III6KGKKC42W63 | Long             | DBT              | CORP              | US        |    330000 | PA      | $341893.20    | 0.06%             | 2033-03-31      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| IRIS Holdings Inc.                                                             | IRIS Holdings Inc.                                                             | CUSIP: 46271BAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    959797 | PA      | $929208.19    | 0.16%             | 2028-06-15      | Floating      | 8.69%                 | No            | 2                  | On Loan: No      |
| Jack Ohio Finance LLC                                                          | Jack Ohio Finance LLC                                                          | CUSIP: 46647KAK3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1990000 | PA      | $1978557.50   | 0.34%             | 2032-01-28      | Floating      | 7.92%                 | No            | 2                  | On Loan: No      |
| EJF CRT 2024-R1 LLC                                                            | EJF CRT 2024-R1 LLC                                                            | CUSIP: 282930AA4<br>LEI: N/A                  | Long             | EC               | PF                | US        |   5178142 | NS      | $5180731.53   | 0.89%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Mystic Re IV Ltd.                                                              | Mystic Re IV Ltd.                                                              | CUSIP: 62865LAF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1017100.00   | 0.17%             | 2028-01-10      | Floating      | 7.92%                 | Yes           | 2                  | On Loan: No      |
| Mystic Re IV Ltd.                                                              | Mystic Re IV Ltd.                                                              | CUSIP: 62865LAG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $774675.00    | 0.13%             | 2028-01-10      | Floating      | 14.17%                | Yes           | 2                  | On Loan: No      |
| PennyMac Financial Services, Inc.                                              | PennyMac Financial Services, Inc.                                              | CUSIP: 70932MAG2<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    505000 | PA      | $527629.05    | 0.09%             | 2032-05-15      | Fixed         | 6.88%                 | Yes           | 2                  | On Loan: No      |
| Sanders Re II Ltd.                                                             | Sanders Re II Ltd.                                                             | CUSIP: 80001RAA9<br>LEI: 254900VRQU0N0MF3CT92 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1022000.00   | 0.18%             | 2029-04-07      | Floating      | 7.62%                 | Yes           | 2                  | On Loan: No      |
| Six Flags Operations Inc.                                                      | Six Flags Operations Inc.                                                      | CUSIP: 83001AAD4<br>LEI: 549300JYTDUAA4JQ3717 | Long             | DBT              | CORP              | US        |    335000 | PA      | $321600.00    | 0.06%             | 2031-05-15      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| CAB                                                                            | CAB                                                                            | CUSIP: N/A<br>LEI: 9695008EGX5O9K1MS743       | Long             | DBT              | CORP              | FR        |    308000 | PA      | $349745.39    | 0.06%             | 2028-02-01      | Fixed         | 3.38%                 | Yes           | 2                  | On Loan: No      |
| Primo Water Holdings Inc.                                                      | Primo Water Holdings Inc.                                                      | CUSIP: N/A<br>LEI: 9845008F9A5F2E1D4832       | Long             | DBT              | CORP              | US        |    150000 | PA      | $176239.45    | 0.03%             | 2028-10-31      | Fixed         | 3.88%                 | Yes           | 2                  | On Loan: No      |
| National Mentor Holdings, Inc.                                                 | National Mentor Holdings, Inc.                                                 | CUSIP: 63689EAW5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $1872000.00   | 0.32%             | 2029-03-02      | Floating      | 11.35%                | No            | 2                  | On Loan: No      |
| Engineered Machinery Holdings, Inc.                                            | Engineered Machinery Holdings, Inc.                                            | CUSIP: 26658NAQ2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    416667 | PA      | $417708.67    | 0.07%             | 2029-05-21      | Floating      | 10.26%                | No            | 2                  | On Loan: No      |
| Gobierno de la Republica de Guatemala                                          | Gobierno de la Republica de Guatemala                                          | CUSIP: N/A<br>LEI: 529900QKDFFU9UWW5315       | Long             | DBT              | NUSS              | US        |   1160000 | PA      | $1248450.00   | 0.21%             | 2036-06-13      | Fixed         | 6.60%                 | Yes           | 2                  | On Loan: No      |
| Alamo Re Ltd.                                                                  | Alamo Re Ltd.                                                                  | CUSIP: 011395AN0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1207845.00   | 0.21%             | 2027-06-07      | Floating      | 10.17%                | Yes           | 2                  | On Loan: No      |
| Alamo Re Ltd.                                                                  | Alamo Re Ltd.                                                                  | CUSIP: 011395AP5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $531450.00    | 0.09%             | 2027-06-07      | Floating      | 12.06%                | Yes           | 2                  | On Loan: No      |
| Hestia Re Ltd                                                                  | Hestia Re Ltd                                                                  | CUSIP: 42815KAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $779475.00    | 0.13%             | 2028-03-13      | Floating      | 11.94%                | Yes           | 2                  | On Loan: No      |
| Permian Resources Operating, LLC                                               | Permian Resources Operating, LLC                                               | CUSIP: 71424VAA8<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    565000 | PA      | $588289.30    | 0.10%             | 2032-01-15      | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| Vale Overseas Ltd                                                              | Vale Overseas Ltd                                                              | CUSIP: 91911TAT0<br>LEI: 254900BA3U6G5DNV5V04 | Long             | DBT              | CORP              | US        |    283000 | PA      | $282597.35    | 0.05%             | 2056-02-25      | Fixed         | 6.00%                 | Yes           | 2                  | On Loan: No      |
| Telefonica Europe B.V.                                                         | Telefonica Europe B.V.                                                         | CUSIP: N/A<br>LEI: 7245007FZS0M65WUGP67       | Long             | DBT              | CORP              | NL        |    200000 | PA      | $248554.80    | 0.04%             | 2500-12-31      | Fixed         | 5.75%                 | Yes           | 2                  | On Loan: No      |
| EMRLD Borrower LP                                                              | EMRLD Borrower LP                                                              | CUSIP: 26872NAD1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2216000 | PA      | $2219257.52   | 0.38%             | 2031-06-18      | Floating      | 0.00%                 | No            | 2                  | On Loan: No      |
| Sierracol Energy Andina, LLC                                                   | Sierracol Energy Andina, LLC                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    240000 | PA      | $226074.00    | 0.04%             | 2028-06-15      | Fixed         | 6.00%                 | Yes           | 2                  | On Loan: No      |
| The Democratic Socialist Republic of Sri Lanka                                 | The Democratic Socialist Republic of Sri Lanka                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | US        |    620000 | PA      | $564975.00    | 0.10%             | 2038-02-15      | Fixed         | 3.60%                 | Yes           | 2                  | On Loan: No      |
| BMO 2024-5C6 Mortgage Trust                                                    | BMO 2024-5C6 Mortgage Trust                                                    | CUSIP: 09661XAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    281000 | PA      | $257421.77    | 0.04%             | 2057-12-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| NRZ FHT Excess LLC                                                             | NRZ FHT Excess LLC                                                             | CUSIP: 64832EAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    700739 | PA      | $712033.40    | 0.12%             | 2032-03-25      | Fixed         | 6.54%                 | Yes           | 2                  | On Loan: No      |
| Standard Building Solutions Inc.                                               | Standard Building Solutions Inc.                                               | CUSIP: 853496AH0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    375000 | PA      | $343751.25    | 0.06%             | 2031-01-15      | Fixed         | 3.38%                 | Yes           | 2                  | On Loan: No      |
| Surgery Center Holdings, Inc.                                                  | Surgery Center Holdings, Inc.                                                  | CUSIP: 86881WAF9<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |    480000 | PA      | $486030.14    | 0.08%             | 2032-04-15      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| Electricite de France                                                          | Electricite de France                                                          | CUSIP: N/A<br>LEI: 549300X3UK4GG3FNMO06       | Long             | DBT              | CORP              | FR        |    200000 | PA      | $224169.40    | 0.04%             | 2500-12-31      | Fixed         | 3.38%                 | Yes           | 2                  | On Loan: No      |
| Deutsche Bank Aktiengesellschaft                                               | Deutsche Bank Aktiengesellschaft                                               | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | Long             | DBT              | CORP              | DE        |    200000 | PA      | $254830.37    | 0.04%             | 2500-12-31      | Fixed         | 8.13%                 | Yes           | 2                  | On Loan: No      |
| Excelerate Energy Limited Partnership                                          | Excelerate Energy Limited Partnership                                          | CUSIP: 30069UAA6<br>LEI: LGL4IE90TNTFYJ55BK06 | Long             | DBT              | CORP              | US        |    995000 | PA      | $1050242.40   | 0.18%             | 2030-05-15      | Fixed         | 8.00%                 | Yes           | 2                  | On Loan: No      |
| Herc Holdings Inc.                                                             | Herc Holdings Inc.                                                             | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    567000 | PA      | $596359.26    | 0.10%             | 2030-06-15      | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| Kilimanjaro III Re Limited                                                     | Kilimanjaro III Re Limited                                                     | CUSIP: 49407PAK6<br>LEI: 254900T37LD5YQ545V53 | Long             | DBT              | CORP              | US        |    500000 | PA      | $504000.00    | 0.09%             | 2026-04-20      | Floating      | 8.48%                 | Yes           | 2                  | On Loan: No      |
| Mauser Packaging Solutions Holding Company                                     | Mauser Packaging Solutions Holding Company                                     | CUSIP: 57763RAE7<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |    450000 | PA      | $448362.00    | 0.08%             | 2030-04-15      | Fixed         | 7.88%                 | Yes           | 2                  | On Loan: No      |
| MetroNet Infrastructure Issuer LLC                                             | MetroNet Infrastructure Issuer LLC                                             | CUSIP: 59170JBB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    695000 | PA      | $712607.76    | 0.12%             | 2030-08-20      | Fixed         | 7.83%                 | No            | 2                  | On Loan: No      |
| ONE 2021-PARK Mortgage Trust                                                   | ONE 2021-PARK Mortgage Trust                                                   | CUSIP: 682413AJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    466000 | PA      | $440463.90    | 0.08%             | 2028-03-15      | Floating      | 5.61%                 | No            | 2                  | On Loan: No      |
| OneMain Finance Corporation                                                    | OneMain Finance Corporation                                                    | CUSIP: 682691AJ9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    275000 | PA      | $282136.25    | 0.05%             | 2032-03-15      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| Shift4 Payments, LLC                                                           | Shift4 Payments, LLC                                                           | CUSIP: 82453AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    255000 | PA      | $263086.05    | 0.05%             | 2032-08-15      | Fixed         | 6.75%                 | Yes           | 2                  | On Loan: No      |
| Tallgrass Energy Partners, LP                                                  | Tallgrass Energy Partners, LP                                                  | CUSIP: 87470LAK7<br>LEI: 549300IQ3DN0F3VERF65 | Long             | DBT              | CORP              | US        |    365000 | PA      | $360368.15    | 0.06%             | 2031-09-01      | Fixed         | 6.00%                 | Yes           | 2                  | On Loan: No      |
| Vertical Midco GmbH                                                            | Vertical Midco GmbH                                                            | CUSIP: N/A<br>LEI: 254900K869UN2ZWVB351       | Long             | DBT              | CORP              | DE        |    160000 | PA      | $188502.08    | 0.03%             | 2027-07-15      | Fixed         | 4.38%                 | Yes           | 2                  | On Loan: No      |
| Axonic Coinvest II, LP                                                         | Axonic Coinvest II, LP                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   8000000 | NS      | $6542400.00   | 1.12%             |  |  |  | Yes           | N/A                | On Loan: No      |
| ZF Friedrichshafen AG                                                          | ZF Friedrichshafen AG                                                          | CUSIP: N/A<br>LEI: 529900CAYOWB8YIG7X25       | Long             | DBT              | CORP              | NL        |    100000 | PA      | $121787.15    | 0.02%             | 2029-03-13      | Fixed         | 6.13%                 | Yes           | 2                  | On Loan: No      |
| EDP, S.A.                                                                      | EDP, S.A.                                                                      | CUSIP: N/A<br>LEI: 529900CLC3WDMGI9VH80       | Long             | DBT              | CORP              | PT        |    100000 | PA      | $120311.10    | 0.02%             | 2054-09-16      | Fixed         | 4.63%                 | Yes           | 2                  | On Loan: No      |
| Flora Food Management B.V.                                                     | Flora Food Management B.V.                                                     | CUSIP: N/A<br>LEI: 2549002VGA888UKFKS25       | Long             | DBT              | CORP              | NL        |    250000 | PA      | $292304.56    | 0.05%             | 2029-07-02      | Fixed         | 6.88%                 | Yes           | 2                  | On Loan: No      |
| Erste Group Bank AG                                                            | Erste Group Bank AG                                                            | CUSIP: N/A<br>LEI: PQOH26KWDF7CG10L6792       | Long             | DBT              | CORP              | AT        |    400000 | PA      | $506511.20    | 0.09%             | 2500-12-31      | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| Champ Acquisition Corporation                                                  | Champ Acquisition Corporation                                                  | CUSIP: 15807EAH5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1633781 | PA      | $1639907.93   | 0.28%             | 2031-11-08      | Floating      | 8.17%                 | No            | 2                  | On Loan: No      |
| Spa Holdings 3 Oy                                                              | Spa Holdings 3 Oy                                                              | CUSIP: 78475BAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2493750 | PA      | $2506218.75   | 0.43%             | 2030-05-22      | Floating      | 8.51%                 | No            | 2                  | On Loan: No      |
| Navoiy Kon-Metallurgiya Kombinati, Aksiyadorlik Jamiyati                       | Navoiy Kon-Metallurgiya Kombinati, Aksiyadorlik Jamiyati                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    560000 | PA      | $596750.00    | 0.10%             | 2031-10-17      | Fixed         | 6.95%                 | Yes           | 2                  | On Loan: No      |

### Signature

**Date Signed:** 2026-02-25

**Name of Applicant:** Jackson Credit Opportunities Fund

**Signature:** Andrew Tedeschi

**Name of Signer:** Andrew Tedeschi

**Title:** Principal Financial Officer