# EDGAR Filing Document

**Accession Number:** 0000822671
**File Stem:** 0000869392-23-000374
**Filing Date:** 2023-2
**Character Count:** 203351
**Document Hash:** aedd6b0c330b2072ca68f7d899d4a1ee
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000869392-23-000374.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0000869392-23-000374

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PUTNAM VARIABLE TRUST
- **CENTRAL INDEX KEY:** 0000822671
- **IRS NUMBER:** 046649095
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05346
- **FILM NUMBER:** 23666427

**BUSINESS ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 6172921000

**MAIL ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PUTNAM CAPITAL MANAGER TRUST /MA/
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Putnam VT High Yield Fund (Series ID: S000003875)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000010845 | Class IA Shares |  |
| C000010846 | Class IB Shares |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Putnam Variable Trust

- **b. Investment Company Act file number:** 811-05346

- **c. CIK number of Registrant:** 0000822671

- **d. LEI of Registrant:** 549300TBVD21LYBGBD46

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

  - **Street Address 1:** 100 FEDERAL STREET

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

  - **Telephone number:** 1-800-225-1581

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

- **a. Name of Series:** Putnam VT High Yield Fund

- **b. EDGAR series identifier (if any):** S000003875

- **c. LEI of Series:** FZCF32TUQ6MTFH6JWS05

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $132560762.60

**Total Liabilities:** $697158.20

**Net Assets:** $131863604.40

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 30.12 | **1-Year:** 583.05 | **5-Year:** 3966.59 | **10-Year:** 3194.64 | **30-Year:** 516.04

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

- **3-Month:** 304.36 | **1-Year:** 5333.86 | **5-Year:** 27851.69 | **10-Year:** 10007.55 | **30-Year:** 407.73

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000010845 | -0.75%               | 1.91%                | 2.55%                |
| Class ID C000010846 | -0.95%               | 2.13%                | 2.38%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-659415.49              | $-1110464.18                               |
| Month 2  | $-537096.26              | $2539783.58                                |
| Month 3  | $-407702.31              | $3137037.32                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ASURION LLC                                                                   | BANK LOAN NOTE                   | CUSIP: 04649VAY6<br>LEI: 549300KNQVXGIOXWK278 | Long             | DBT              | CORP              | US        |    143183 | PA      | $125017.33    | 0.09%             | 2027-07-31      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                                                          | BANK LOAN NOTE                   | CUSIP: 64069JAC6<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |    185000 | PA      | $164766.55    | 0.12%             | 2029-04-11      | Floating      | 8.82%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP INC                                                      | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 04EEB871XLHVNY4RZJ65       | Long             | DBT              | CORP              | US        |    220000 | PA      | $196075.00    | 0.15%             | 2029-03-30      | Floating      | 9.18%                 | No            |                  2 | On Loan: No      |
| PROOFPOINT INC                                                                | BANK LOAN NOTE                   | CUSIP: 74345HAD3<br>LEI: 529900C5FODDK0WSR085 | Long             | DBT              | CORP              | US        |    225000 | PA      | $215250.75    | 0.16%             | 2029-08-31      | Floating      | 10.98%                | No            |                  2 | On Loan: No      |
| WHITE CAP BUYER LLC                                                           | BANK LOAN NOTE                   | CUSIP: 96350TAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    328516 | PA      | $317135.84    | 0.24%             | 2027-10-19      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| ASCEND LEARNING LLC                                                           | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 549300T466HKRLVCD610       | Long             | DBT              | CORP              | US        |    230000 | PA      | $196362.50    | 0.15%             | 2029-11-18      | Floating      | 10.13%                | No            |                  2 | On Loan: No      |
| UKG INC                                                                       | BANK LOAN NOTE                   | CUSIP: 90385KAJ0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |    215000 | PA      | $196832.50    | 0.15%             | 2027-05-03      | Floating      | 9.00%                 | No            |                  2 | On Loan: No      |
| UKG INC                                                                       | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 529900FKHWSTQ1GXK240       | Long             | DBT              | CORP              | US        |    343908 | PA      | $326712.36    | 0.25%             | 2026-05-03      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| VISION SOLUTIONS INC                                                          | BANK LOAN NOTE                   | CUSIP: 70477BAE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    230000 | PA      | $189980.00    | 0.14%             | 2028-04-24      | Floating      | 8.36%                 | No            |                  2 | On Loan: No      |
| PECF USS INTERMEDIATE HOLDING III CORP                                        | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 254900DIL842DEXPYJ91       | Long             | DBT              | CORP              | US        |    510951 | PA      | $424584.90    | 0.32%             | 2028-12-17      | Floating      | 8.63%                 | No            |                  2 | On Loan: No      |
| FILTRATION GROUP CORP                                                         | BANK LOAN NOTE                   | CUSIP: 31732FAR7<br>LEI: 549300ZA0D9WN5ECE978 | Long             | DBT              | CORP              | US        |     54450 | PA      | $53361.00     | 0.04%             | 2028-10-19      | Floating      | 7.88%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                                                         | BANK LOAN NOTE                   | CUSIP: 25460HAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    493500 | PA      | $479415.51    | 0.36%             | 2027-07-22      | Floating      | 9.38%                 | No            |                  2 | On Loan: No      |
| ASURION LLC                                                                   | BANK LOAN NOTE                   | CUSIP: 04649VBA7<br>LEI: 549300KNQVXGIOXWK278 | Long             | DBT              | CORP              | US        |    290000 | PA      | $224129.40    | 0.17%             | 2029-01-30      | Floating      | 9.63%                 | No            |                  2 | On Loan: No      |
| POLARIS NEWCO LLC                                                             | BANK LOAN NOTE                   | CUSIP: 73108RAB4<br>LEI: 254900LEPDAG7EDOA064 | Long             | DBT              | CORP              | US        |    221830 | PA      | $201944.83    | 0.15%             | 2028-06-03      | Floating      | 8.73%                 | No            |                  2 | On Loan: No      |
| CQP HOLDCO LP                                                                 | BANK LOAN NOTE                   | CUSIP: 12657QAB9<br>LEI: 549300LPL012JY5D4B69 | Long             | DBT              | CORP              | US        |    409812 | PA      | $407365.92    | 0.31%             | 2028-05-27      | Floating      | 8.48%                 | No            |                  2 | On Loan: No      |
| ROCKET SOFTWARE INC                                                           | BANK LOAN NOTE                   | CUSIP: 77313DAT8<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |    172812 | PA      | $166116.02    | 0.13%             | 2025-11-28      | Floating      | 8.63%                 | No            |                  2 | On Loan: No      |
| MAJORDRIVE HOLDINGS IV LLC                                                    | BANK LOAN NOTE                   | CUSIP: 56085UAB9<br>LEI: 25490044R1FR5N8FIT62 | Long             | DBT              | CORP              | US        |    409392 | PA      | $383804.79    | 0.29%             | 2028-06-01      | Floating      | 8.81%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                                                           | BANK LOAN NOTE                   | CUSIP: 90932RAJ3<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |    329975 | PA      | $325210.16    | 0.25%             | 2028-04-21      | Floating      | 8.11%                 | No            |                  2 | On Loan: No      |
| ONE CALL CORP                                                                 | BANK LOAN NOTE                   | CUSIP: N/A<br>LEI: 549300WUCCV86ZQHG041       | Long             | DBT              | CORP              | US        |    196045 | PA      | $160103.96    | 0.12%             | 2027-04-22      | Floating      | 9.88%                 | No            |                  2 | On Loan: No      |
| ADIENT US LLC                                                                 | BANK LOAN NOTE                   | CUSIP: 00687MAC5<br>LEI: 213800SOTRCDGZUHL712 | Long             | DBT              | CORP              | US        |    251812 | PA      | $248742.91    | 0.19%             | 2028-04-01      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| BWAY CORP                                                                     | BANK LOAN NOTE                   | CUSIP: 05604XAP1<br>LEI: 549300RY13CUZRBP7216 | Long             | DBT              | CORP              | US        |    272676 | PA      | $265896.97    | 0.20%             | 2024-04-03      | Floating      | 7.37%                 | No            |                  2 | On Loan: No      |
| BRAND INDUSTRIAL SERVICES INC                                                 | BANK LOAN NOTE                   | CUSIP: 10524MAN7<br>LEI: 549300B658W2BPDQMW42 | Long             | DBT              | CORP              | US        |    572614 | PA      | $511058.42    | 0.39%             | 2024-06-21      | Floating      | 8.50%                 | No            |                  2 | On Loan: No      |
| WERNER FINCO LP                                                               | BANK LOAN NOTE                   | CUSIP: 95075EAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    156341 | PA      | $140186.41    | 0.11%             | 2024-07-24      | Floating      | 8.73%                 | No            |                  2 | On Loan: No      |
| ROBERTSHAW US HOLDING CORP                                                    | BANK LOAN NOTE                   | CUSIP: 77051UAH2<br>LEI: 549300NMXRV2JIXFIY04 | Long             | DBT              | CORP              | US        |    200000 | PA      | $103000.00    | 0.08%             | 2026-02-28      | Floating      | 12.75%                | No            |                  2 | On Loan: No      |
| NOURYON USA LLC                                                               | BANK LOAN NOTE                   | CUSIP: N8232NAB3<br>LEI: 549300K7VB5G6LULFT41 | Long             | DBT              | CORP              | US        |    149098 | PA      | $146787.22    | 0.11%             | 2025-10-01      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| AMC ENTERTAINMENT HOLDINGS INC                                                | BANK LOAN NOTE                   | CUSIP: 00164DAQ6<br>LEI: 549300ZO77UNR6NRBR11 | Long             | DBT              | CORP              | US        |    319600 | PA      | $172117.14    | 0.13%             | 2026-04-22      | Floating      | 7.27%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS INC                                            | BANK LOAN NOTE                   | CUSIP: 18452RAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    307472 | PA      | $279470.45    | 0.21%             | 2026-08-21      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| AUDACY CAPITAL CORP                                                           | BANK LOAN NOTE                   | CUSIP: 12506KAE9<br>LEI: 549300S5JUSXRHNCHD80 | Long             | DBT              | CORP              | US        |    185000 | PA      | $130987.40    | 0.10%             | 2024-11-17      | Floating      | 6.89%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                                                      | BANK LOAN NOTE                   | CUSIP: 45174UAG3<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |    205068 | PA      | $188469.86    | 0.14%             | 2026-05-01      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| EPICOR SOFTWARE CORP                                                          | BANK LOAN NOTE                   | CUSIP: 29426NAQ7<br>LEI: JGNXVGGGXR4O1L5I7S73 | Long             | DBT              | CORP              | US        |    170000 | PA      | $167195.00    | 0.13%             | 2028-07-30      | Floating      | 12.13%                | No            |                  2 | On Loan: No      |
| GLOBAL MEDICAL RESPONSE INC                                                   | BANK LOAN NOTE                   | CUSIP: 00169QAF6<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | DBT              | CORP              | US        |    154575 | PA      | $107719.96    | 0.08%             | 2025-10-02      | Floating      | 8.42%                 | No            |                  2 | On Loan: No      |
| GENESYS CLOUD SERVICES HOLDINGS II LLC                                        | BANK LOAN NOTE                   | CUSIP: 39479UAQ6<br>LEI: 549300CVRD4OUCPHWQ42 | Long             | DBT              | CORP              | US        |    348788 | PA      | $334183.77    | 0.25%             | 2027-12-01      | Floating      | 8.38%                 | No            |                  2 | On Loan: No      |
| CP ATLAS BUYER INC                                                            | BANK LOAN NOTE                   | CUSIP: 12658HAG7<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | DBT              | CORP              | US        |    320613 | PA      | $279959.17    | 0.21%             | 2027-11-23      | Floating      | 7.88%                 | No            |                  2 | On Loan: No      |
| CMG MEDIA CORP                                                                | BANK LOAN NOTE                   | CUSIP: 88145LAE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    217622 | PA      | $203283.12    | 0.15%             | 2026-12-17      | Floating      | 8.23%                 | No            |                  2 | On Loan: No      |
| PETSMART LLC                                                                  | BANK LOAN NOTE                   | CUSIP: 71677HAL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    489841 | PA      | $478359.42    | 0.36%             | 2028-01-29      | Floating      | 8.13%                 | No            |                  2 | On Loan: No      |
| KLOCKNER-PENTAPLAST OF AMERICA INC                                            | BANK LOAN NOTE                   | CUSIP: 49865NAT7<br>LEI: 5299004QDA11QZOG5N31 | Long             | DBT              | CORP              | US        |    151927 | PA      | $134312.50    | 0.10%             | 2026-02-04      | Floating      | 8.26%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                                         | BANK LOAN NOTE                   | CUSIP: 44332EAU0<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    229441 | PA      | $227093.94    | 0.17%             | 2025-04-25      | Floating      | 7.53%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                                         | BANK LOAN NOTE                   | CUSIP: 02376CBJ3<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149179.50    | 0.11%             | 2028-04-20      | Floating      | 8.99%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY CORP                                                     | BANK LOAN NOTE                   | CUSIP: C4000KAD6<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    292003 | PA      | $283388.70    | 0.21%             | 2026-10-30      | Floating      | 8.93%                 | No            |                  2 | On Loan: No      |
| ONEMAIN HOLDINGS INC                                                          | COMMON STOCK                     | CUSIP: 68268W103<br>LEI: 549300E3VEW8SMS5XW09 | Long             | EC               | CORP              | US        |      4865 | NS      | $162053.15    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| FRONTIER COMMUNICATIONS PARENT INC                                            | COMMON STOCK                     | CUSIP: 35909D109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4415 | NS      | $112494.20    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ANTERO RESOURCES CORP                                                         | COMMON STOCK                     | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |      9810 | NS      | $304011.90    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| SPLUNK INC                                                                    | CONV. NOTE                       | CUSIP: 848637AF1<br>LEI: 549300XGDSGBP6UEI867 | Long             | DBT              | CORP              | US        |    131000 | PA      | $110537.80    | 0.08%             | 2027-06-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| TELADOC HEALTH INC                                                            | CONV. NOTE                       | CUSIP: 87918AAF2<br>LEI: 549300I2PVFBC9MFAC61 | Long             | DBT              | CORP              | US        |    270000 | PA      | $207412.60    | 0.16%             | 2027-06-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| UPWORK INC                                                                    | CONV. NOTE                       | CUSIP: 91688FAB0<br>LEI: 5493004QJ6WWBXVE2S70 | Long             | DBT              | CORP              | US        |    280000 | PA      | $209960.60    | 0.16%             | 2026-08-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                                                         | CONV. NOTE                       | CUSIP: 62957HAB1<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    405000 | PA      | $372600.00    | 0.28%             | 2024-01-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| MIDDLEBY CORP/THE                                                             | CONV. NOTE                       | CUSIP: 596278AB7<br>LEI: JDFO86U9VQRBKW5KYA35 | Long             | DBT              | CORP              | US        |    125000 | PA      | $146937.50    | 0.11%             | 2025-09-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                                                                | CONV. NOTE                       | CUSIP: 893830BJ7<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | US        |    150000 | PA      | $144187.50    | 0.11%             | 2023-01-30      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| LIBERTY TRIPADVISOR HOLDINGS INC                                              | CONVERTIBLE BONDS                | CUSIP: 531465AA0<br>LEI: 5299006PCRAU736ZJ155 | Long             | DBT              | CORP              | US        |    310000 | PA      | $222270.00    | 0.17%             | 2051-06-30      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| KKR  AND  CO INC                                                              | CONVERTIBLE PREF                 | CUSIP: 48251W401<br>LEI: 54930013V5I303TF9571 | Long             | EP               | CORP              | US        |      2559 | NS      | $146809.83    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                                                          | CONVERTIBLE PREF                 | CUSIP: 16115Q407<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EP               | CORP              | US        |      5389 | NS      | $272683.40    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| APTIV PLC                                                                     | CONVERTIBLE PREF                 | CUSIP: G6095L117<br>LEI: N/A                  | Long             | EP               | CORP              | IE        |      1020 | NS      | $109516.09    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| PG AND E CORP                                                                 | CONVERTIBLE PREF                 | CUSIP: 69331C140<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EP               | CORP              | US        |      2160 | NS      | $311831.70    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| T-MOBILE US INC                                                               | CONVERTIBLE PREF                 | CUSIP: 901375105<br>LEI: 549300QHIJYOHPACPG31 | Long             | EP               | CORP              | US        |       110 | NS      | $125842.20    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| SHAKE SHACK INC                                                               | CONVERTIBLE ZERO                 | CUSIP: 819047AB7<br>LEI: 529900J74GJAHYP80N79 | Long             | DBT              | CORP              | US        |    280000 | PA      | $184275.00    | 0.14%             | 2028-03-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| FIVERR INTERNATIONAL LTD                                                      | CONVERTIBLE ZERO                 | CUSIP: 33835LAA3<br>LEI: 549300Z8OREY6THCPF67 | Long             | DBT              | CORP              | IL        |    225000 | PA      | $181447.31    | 0.14%             | 2025-11-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SPOTIFY USA INC                                                               | CONVERTIBLE ZERO                 | CUSIP: 84921RAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    270000 | PA      | $217350.00    | 0.16%             | 2026-03-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| UNITY SOFTWARE INC                                                            | CONVERTIBLE ZERO                 | CUSIP: 91332UAB7<br>LEI: 549300D1ESJMGNQNG432 | Long             | DBT              | CORP              | US        |    280000 | PA      | $209580.00    | 0.16%             | 2026-11-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ON SEMICONDUCTOR CORP                                                         | CONVERTIBLE ZERO                 | CUSIP: 682189AS4<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | DBT              | CORP              | US        |    141000 | PA      | $186825.00    | 0.14%             | 2027-05-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS  AND  ELECTRIC CO                                                 | CORP. NOTE                       | CUSIP: 694308HP5<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    160000 | PA      | $146640.11    | 0.11%             | 2026-03-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| HANESBRANDS INC                                                               | CORP. NOTE                       | CUSIP: 410345AJ1<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | DBT              | CORP              | US        |    325000 | PA      | $314771.48    | 0.24%             | 2024-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                 | CORP. NOTE                       | CUSIP: 893647BB2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    260000 | PA      | $252968.24    | 0.19%             | 2026-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CENGAGE LEARNING INC                                                          | CORP. NOTE                       | CUSIP: 15137NAA1<br>LEI: 549300BYGM0FWUSVXJ88 | Long             | DBT              | CORP              | US        |    310000 | PA      | $295662.50    | 0.22%             | 2024-06-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                                | CORP. NOTE                       | CUSIP: 629377CC4<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     24000 | PA      | $23797.20     | 0.02%             | 2027-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS LTD                                                    | CORP. NOTE                       | CUSIP: G0086CAB9<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | US        |    220000 | PA      | $224993.28    | 0.17%             | 2024-08-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PENN ENTERTAINMENT INC                                                        | CORP. NOTE                       | CUSIP: 707569AS8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    465000 | PA      | $421634.10    | 0.32%             | 2027-01-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS LTD                                                    | CORP. NOTE                       | CUSIP: 335934AL9<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $194668.04    | 0.15%             | 2025-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BWAY HOLDING CO                                                               | CORP. NOTE                       | CUSIP: 12429TAD6<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34032.15     | 0.03%             | 2024-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BWAY HOLDING CO                                                               | CORP. NOTE                       | CUSIP: 12429TAE4<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |    175000 | PA      | $161825.42    | 0.12%             | 2025-04-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| USI INC/NY                                                                    | CORP. NOTE                       | CUSIP: 91739VAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $289003.33    | 0.22%             | 2025-05-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| AIR METHODS CORP                                                              | CORP. NOTE                       | CUSIP: 00215JAA7<br>LEI: 54930081QGNZXVDOZF63 | Long             | DBT              | CORP              | US        |    435000 | PA      | $21750.00     | 0.02%             | 2025-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| SUGARHOUSE HSP GAMING PROP MEZZ LP / SUGARHOUSE HSP GAMING FINANCE CORP       | CORP. NOTE                       | CUSIP: 865033AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    370000 | PA      | $345386.82    | 0.26%             | 2025-05-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| KFC HOLDING CO/PIZZA HUT HOLDINGS LLC/TACO BELL OF AMERICA LLC                | CORP. NOTE                       | CUSIP: 48250NAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    265000 | PA      | $254400.00    | 0.19%             | 2027-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| LADDER CAPITAL FINANCE HOLDINGS LLLP / LADDER CAPITAL FINANCE CORP            | CORP. NOTE                       | CUSIP: 505742AG1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $84558.66     | 0.06%             | 2025-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CONSTELLIUM SE                                                                | CORP. NOTE                       | CUSIP: 210383AG0<br>LEI: 724500KRJEMC79KAAU28 | Long             | DBT              | CORP              | FR        |    250000 | PA      | $240817.50    | 0.18%             | 2026-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP                                                         | CORP. NOTE                       | CUSIP: 35640YAA5<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |    270000 | PA      | $248400.00    | 0.19%             | 2024-11-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| PRECISION DRILLING CORP                                                       | CORP. NOTE                       | CUSIP: 740212AL9<br>LEI: 549300WF2OE8T5BP4B84 | Long             | DBT              | CORP              | CA        |    565000 | PA      | $546637.50    | 0.41%             | 2026-01-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURCES OPERATING LLC                                               | CORP. NOTE                       | CUSIP: 15138AAA8<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    415000 | PA      | $377768.15    | 0.29%             | 2026-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                                                         | CORP. NOTE                       | CUSIP: 62957HAF2<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    195000 | PA      | $185953.95    | 0.14%             | 2025-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| WASTE PRO USA INC                                                             | CORP. NOTE                       | CUSIP: 94107JAA1<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |    345000 | PA      | $304669.50    | 0.23%             | 2026-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SPRINT LLC                                                                    | CORP. NOTE                       | CUSIP: 85207UAK1<br>LEI: 549300ZTTY7CXOLJ6539 | Long             | DBT              | CORP              | US        |    330000 | PA      | $347260.98    | 0.26%             | 2026-03-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS LTD                                                    | CORP. NOTE                       | CUSIP: 335934AR6<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    490000 | PA      | $464040.58    | 0.35%             | 2026-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| USA COMPRESSION PARTNERS LP / USA COMPRESSION FINANCE CORP                    | CORP. NOTE                       | CUSIP: 91740PAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    230000 | PA      | $220636.70    | 0.17%             | 2026-04-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMENT INC                                                 | CORP. NOTE                       | CUSIP: 538034AN9<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |    205000 | PA      | $193866.15    | 0.15%             | 2026-03-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP                                                         | CORP. NOTE                       | CUSIP: 35640YAB3<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |    231000 | PA      | $207779.18    | 0.16%             | 2025-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                                         | CORP. NOTE                       | CUSIP: 44332PAD3<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    335000 | PA      | $327961.65    | 0.25%             | 2026-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                          | CORP. NOTE                       | CUSIP: 85172FAN9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    160000 | PA      | $152140.80    | 0.12%             | 2026-03-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV                                | CORP. NOTE                       | CUSIP: 88167AAK7<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    935000 | PA      | $911625.00    | 0.69%             | 2028-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN PONTUS LTD                                                         | CORP. NOTE                       | CUSIP: 89382PAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    120400 | PA      | $117992.00    | 0.09%             | 2025-08-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                                                  | CORP. NOTE                       | CUSIP: 78454LAP5<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    145000 | PA      | $139666.90    | 0.11%             | 2027-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                                      | CORP. NOTE                       | CUSIP: 92840VAA0<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    270000 | PA      | $260122.67    | 0.20%             | 2026-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ELANCO ANIMAL HEALTH INC                                                      | CORP. NOTE                       | CUSIP: 28414HAG8<br>LEI: 549300SHPNDCE059M934 | Long             | DBT              | CORP              | US        |    440000 | PA      | $418664.40    | 0.32%             | 2028-08-28      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| STEVENS HOLDING CO INC                                                        | CORP. NOTE                       | CUSIP: 86024TAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    345000 | PA      | $345862.50    | 0.26%             | 2026-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS INC / SAFEWAY INC / NEW ALBERTSONS LP / ALBERTSONS LLC         | CORP. NOTE                       | CUSIP: 013092AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    365000 | PA      | $372716.04    | 0.28%             | 2026-03-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN POSEIDON LTD                                                       | CORP. NOTE                       | CUSIP: 89383JAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    205625 | PA      | $200097.80    | 0.15%             | 2027-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                 | CORP. NOTE                       | CUSIP: 893647BE6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    405000 | PA      | $399406.95    | 0.30%             | 2026-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE INC                                                                 | CORP. NOTE                       | CUSIP: 20338QAD5<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |    140000 | PA      | $129204.60    | 0.10%             | 2026-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE INC                                                                 | CORP. NOTE                       | CUSIP: 20338QAA1<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |    365000 | PA      | $282875.00    | 0.21%             | 2027-03-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| USA COMPRESSION PARTNERS LP / USA COMPRESSION FINANCE CORP                    | CORP. NOTE                       | CUSIP: 91740PAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $140250.04    | 0.11%             | 2027-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                                                | CORP. NOTE                       | CUSIP: 097751BT7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    325000 | PA      | $315242.15    | 0.24%             | 2027-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS INC                                              | CORP. NOTE                       | CUSIP: 12543DBC3<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    245000 | PA      | $223051.68    | 0.17%             | 2026-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURCES OPERATING LLC                                               | CORP. NOTE                       | CUSIP: 15138AAC4<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    585000 | PA      | $551209.27    | 0.42%             | 2027-04-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| STAPLES INC                                                                   | CORP. NOTE                       | CUSIP: 855030AN2<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |    900000 | PA      | $774612.00    | 0.59%             | 2026-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE CORP                         | CORP. NOTE                       | CUSIP: 451102BT3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    365000 | PA      | $350727.06    | 0.27%             | 2026-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                          | CORP. NOTE                       | CUSIP: 85172FAQ2<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    470000 | PA      | $432790.10    | 0.33%             | 2028-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                                                      | CORP. NOTE                       | CUSIP: 45174HBD8<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |    372569 | PA      | $316842.92    | 0.24%             | 2027-05-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| AMSTED INDUSTRIES INC                                                         | CORP. NOTE                       | CUSIP: 032177AH0<br>LEI: N2VLGYMEEBIU3PFSUY86 | Long             | DBT              | CORP              | US        |    100000 | PA      | $94866.00     | 0.07%             | 2027-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CNO FINANCIAL GROUP INC                                                       | CORP. NOTE                       | CUSIP: 12621EAL7<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | DBT              | CORP              | US        |    210000 | PA      | $200067.93    | 0.15%             | 2029-05-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BATH  AND  BODY WORKS INC                                                     | CORP. NOTE                       | CUSIP: 501797AR5<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |    275000 | PA      | $271480.00    | 0.21%             | 2029-06-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                                             | CORP. NOTE                       | CUSIP: 42704LAA2<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    500000 | PA      | $466375.00    | 0.35%             | 2027-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MASONITE INTERNATIONAL CORP                                                   | CORP. NOTE                       | CUSIP: 575385AD1<br>LEI: 549300H0H07ZFT4JYM32 | Long             | DBT              | CORP              | US        |    125000 | PA      | $115576.25    | 0.09%             | 2028-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS INC                                            | CORP. NOTE                       | CUSIP: 18453HAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    245000 | PA      | $212292.50    | 0.16%             | 2027-08-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                                         | CORP. NOTE                       | CUSIP: 88033GCZ1<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    460000 | PA      | $434995.66    | 0.33%             | 2026-01-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                                         | CORP. NOTE                       | CUSIP: 88033GDB3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    735000 | PA      | $683726.36    | 0.52%             | 2027-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| 1011778 BC ULC / NEW RED FINANCE INC                                          | CORP. NOTE                       | CUSIP: 68245XAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    365000 | PA      | $326675.00    | 0.25%             | 2028-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ISTAR INC                                                                     | CORP. NOTE                       | CUSIP: 45031UCF6<br>LEI: QFFLKWYYS3UPWD86E794 | Long             | DBT              | CORP              | US        |    195000 | PA      | $193535.23    | 0.15%             | 2024-10-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA/FRANCE                                                       | CORP. NOTE                       | CUSIP: 02156LAC5<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    400000 | PA      | $313248.00    | 0.24%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BEACON ROOFING SUPPLY INC                                                     | CORP. NOTE                       | CUSIP: 073685AF6<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |    220000 | PA      | $205497.24    | 0.16%             | 2026-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GRANITE US HOLDINGS CORP                                                      | CORP. NOTE                       | CUSIP: 38748YAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    385000 | PA      | $405693.75    | 0.31%             | 2027-10-01      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE LLC / ALLIANT HOLDINGS CO-ISSUER                | CORP. NOTE                       | CUSIP: 01883LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    390000 | PA      | $350555.40    | 0.27%             | 2027-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SCOTTS MIRACLE-GRO CO/THE                                                     | CORP. NOTE                       | CUSIP: 810186AS5<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |    615000 | PA      | $498150.00    | 0.38%             | 2029-10-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VIPER ENERGY PARTNERS LP                                                      | CORP. NOTE                       | CUSIP: 92763MAA3<br>LEI: 5299009LINL232255G03 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47475.52     | 0.04%             | 2027-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| AMERICAN BUILDERS  AND  CONTRACTORS SUPPLY CO INC                             | CORP. NOTE                       | CUSIP: 024747AF4<br>LEI: 549300H5GQ4C1BEKG397 | Long             | DBT              | CORP              | US        |    375000 | PA      | $334575.00    | 0.25%             | 2028-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY CORP                                                     | CORP. NOTE                       | CUSIP: 36257BAA7<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    273000 | PA      | $262930.75    | 0.20%             | 2027-11-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                 | CORP. NOTE                       | CUSIP: 893647BL0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    275000 | PA      | $258238.75    | 0.20%             | 2027-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS INC / SAFEWAY INC / NEW ALBERTSONS LP / ALBERTSONS LLC         | CORP. NOTE                       | CUSIP: 013092AC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    215000 | PA      | $199707.05    | 0.15%             | 2027-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| SCIENTIFIC GAMES INTERNATIONAL INC                                            | CORP. NOTE                       | CUSIP: 80874YBC3<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    145000 | PA      | $138316.95    | 0.10%             | 2028-05-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SCIENTIFIC GAMES INTERNATIONAL INC                                            | CORP. NOTE                       | CUSIP: 80874YBE9<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    500000 | PA      | $480000.00    | 0.36%             | 2029-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                                                    | CORP. NOTE                       | CUSIP: 380355AD9<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $95930.00     | 0.07%             | 2024-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PATTERSON-UTI ENERGY INC                                                      | CORP. NOTE                       | CUSIP: 703481AC5<br>LEI: 254900XGFBKIXD6G0697 | Long             | DBT              | CORP              | US        |    290000 | PA      | $259918.11    | 0.20%             | 2029-11-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| 1011778 BC ULC / NEW RED FINANCE INC                                          | CORP. NOTE                       | CUSIP: 68245XAJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    365000 | PA      | $326823.17    | 0.25%             | 2028-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| UNIVAR SOLUTIONS USA INC/WASHINGTON                                           | CORP. NOTE                       | CUSIP: 91337CAA4<br>LEI: 5493008FTB9VZW6CVA82 | Long             | DBT              | CORP              | US        |    380000 | PA      | $360373.00    | 0.27%             | 2027-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| MATTEL INC                                                                    | CORP. NOTE                       | CUSIP: 577081BD3<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |    120000 | PA      | $117708.00    | 0.09%             | 2027-12-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BOYD GAMING CORP                                                              | CORP. NOTE                       | CUSIP: 103304BU4<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |    155000 | PA      | $144363.90    | 0.11%             | 2027-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ATI INC                                                                       | CORP. NOTE                       | CUSIP: 01741RAH5<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |     35000 | PA      | $33469.99     | 0.03%             | 2027-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| COMPASS MINERALS INTERNATIONAL INC                                            | CORP. NOTE                       | CUSIP: 20451NAG6<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |    285000 | PA      | $273600.00    | 0.21%             | 2027-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATIONS LP                                                  | CORP. NOTE                       | CUSIP: 428104AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    345000 | PA      | $319020.33    | 0.24%             | 2028-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS INC                                              | CORP. NOTE                       | CUSIP: 12543DBE9<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    240000 | PA      | $115200.00    | 0.09%             | 2028-04-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ISTAR INC                                                                     | CORP. NOTE                       | CUSIP: 45031UCG4<br>LEI: QFFLKWYYS3UPWD86E794 | Long             | DBT              | CORP              | US        |    335000 | PA      | $328274.72    | 0.25%             | 2025-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE CORP                         | CORP. NOTE                       | CUSIP: 451102BZ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    325000 | PA      | $297570.00    | 0.23%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                                         | CORP. NOTE                       | CUSIP: 36168QAF1<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |    305000 | PA      | $291673.81    | 0.22%             | 2026-12-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                                                  | CORP. NOTE                       | CUSIP: 131347CM6<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    460000 | PA      | $410309.97    | 0.31%             | 2028-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CMG MEDIA CORP                                                                | CORP. NOTE                       | CUSIP: 88146LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    420000 | PA      | $316134.00    | 0.24%             | 2027-12-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATIONS LP                                                  | CORP. NOTE                       | CUSIP: 428102AC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    340000 | PA      | $331188.90    | 0.25%             | 2026-02-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES LTD                                                         | CORP. NOTE                       | CUSIP: 629571AA8<br>LEI: 5493008TXYN3II3PU369 | Long             | DBT              | CORP              | US        |    150000 | PA      | $141359.84    | 0.11%             | 2026-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                      | CORP. NOTE                       | CUSIP: 345397A45<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    270000 | PA      | $244209.17    | 0.19%             | 2027-01-09      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA                                                           | CORP. NOTE                       | CUSIP: 02154CAF0<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |    205000 | PA      | $165025.00    | 0.13%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LADDER CAPITAL FINANCE HOLDINGS LLLP / LADDER CAPITAL FINANCE CORP            | CORP. NOTE                       | CUSIP: 505742AM8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    305000 | PA      | $256208.92    | 0.19%             | 2027-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PRIME SECURITY SERVICES BORROWER LLC / PRIME FINANCE INC                      | CORP. NOTE                       | CUSIP: 74166MAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    310000 | PA      | $282149.60    | 0.21%             | 2028-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HOLLY ENERGY PARTNERS LP / HOLLY ENERGY FINANCE CORP                          | CORP. NOTE                       | CUSIP: 435765AH5<br>LEI: 549300HLPTRASHS0E726 | Long             | DBT              | CORP              | US        |    470000 | PA      | $427937.97    | 0.32%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE HOLDING SA                                                      | CORP. NOTE                       | CUSIP: 02156TAA2<br>LEI: 5299000JVHXKJPOE6H40 | Long             | DBT              | CORP              | LU        |    310000 | PA      | $182990.43    | 0.14%             | 2028-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                                                           | CORP. NOTE                       | CUSIP: 857691AG4<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |    305000 | PA      | $265161.44    | 0.20%             | 2028-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AG ISSUER LLC                                                                 | CORP. NOTE                       | CUSIP: 00119LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    275000 | PA      | $252712.74    | 0.19%             | 2028-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                                                           | CORP. NOTE                       | CUSIP: 118230AU5<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    110000 | PA      | $96689.53     | 0.07%             | 2028-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE HOLDING SA                                                      | CORP. NOTE                       | CUSIP: 02156TAB0<br>LEI: 5299000JVHXKJPOE6H40 | Long             | DBT              | CORP              | LU        |    345000 | PA      | $263062.50    | 0.20%             | 2027-05-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC / WYNN RESORTS CAPITAL CORP                          | CORP. NOTE                       | CUSIP: 983133AB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $89501.08     | 0.07%             | 2025-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                                                | CORP. NOTE                       | CUSIP: 78573NAC6<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |    330000 | PA      | $328721.90    | 0.25%             | 2025-04-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| BWAY HOLDING CO                                                               | CORP. NOTE                       | CUSIP: 57763RAA5<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |    170000 | PA      | $166592.87    | 0.13%             | 2024-04-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| LAMB WESTON HOLDINGS INC                                                      | CORP. NOTE                       | CUSIP: 513272AC8<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |    270000 | PA      | $255825.00    | 0.19%             | 2028-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HOLDINGS II LLC                                                   | CORP. NOTE                       | CUSIP: 57665RAN6<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    500000 | PA      | $445730.00    | 0.34%             | 2028-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP                                                             | CORP. NOTE                       | CUSIP: 18060TAA3<br>LEI: 549300474L1ZLXZY2P98 | Long             | DBT              | CORP              | US        |    477000 | PA      | $478102.56    | 0.36%             | 2025-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMENT INC                                                 | CORP. NOTE                       | CUSIP: 538034AV1<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |    160000 | PA      | $156568.03    | 0.12%             | 2027-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BOXER PARENT CO INC                                                           | CORP. NOTE                       | CUSIP: 103186AB8<br>LEI: 5493006T045HLTF7YX04 | Long             | DBT              | CORP              | US        |    185000 | PA      | $179914.63    | 0.14%             | 2025-10-02      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| IRB HOLDING CORP                                                              | CORP. NOTE                       | CUSIP: 44988MAC9<br>LEI: 549300HVW4WNWYBXN830 | Long             | DBT              | CORP              | US        |    325000 | PA      | $324187.50    | 0.25%             | 2025-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                             | CORP. NOTE                       | CUSIP: 651229BB1<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    175000 | PA      | $170187.50    | 0.13%             | 2025-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                                        | CORP. NOTE                       | CUSIP: 95081QAP9<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    500000 | PA      | $506486.99    | 0.38%             | 2028-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                                      | CORP. NOTE                       | CUSIP: 81761LAA0<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    120000 | PA      | $114351.07    | 0.09%             | 2025-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC                                                  | CORP. NOTE                       | CUSIP: 914906AU6<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    340000 | PA      | $328035.40    | 0.25%             | 2027-06-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| BATH  AND  BODY WORKS INC                                                     | CORP. NOTE                       | CUSIP: 501797AU8<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |     41000 | PA      | $43672.59     | 0.03%             | 2025-07-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                                         | CORP. NOTE                       | CUSIP: 527298BR3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    195000 | PA      | $153601.50    | 0.12%             | 2028-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WATCO COS LLC / WATCO FINANCE CORP                                            | CORP. NOTE                       | CUSIP: 941130AB2<br>LEI: 549300UK74AMHGBXZG45 | Long             | DBT              | CORP              | US        |    770000 | PA      | $731500.00    | 0.55%             | 2027-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CAESARS RESORT COLLECTION LLC / CRC FINCO INC                                 | CORP. NOTE                       | CUSIP: 12770RAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    760000 | PA      | $743968.61    | 0.56%             | 2025-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TK ELEVATOR MIDCO GMBH                                                        | CORP. NOTE                       | CUSIP: N/A<br>LEI: 254900K869UN2ZWVB351       | Long             | DBT              | CORP              | DE        |    310000 | PA      | $293521.85    | 0.22%             | 2027-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| TRIPADVISOR INC                                                               | CORP. NOTE                       | CUSIP: 896945AA0<br>LEI: 549300XVG45PT5BART17 | Long             | DBT              | CORP              | US        |    300000 | PA      | $296410.46    | 0.22%             | 2025-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BOISE CASCADE CO                                                              | CORP. NOTE                       | CUSIP: 09739DAD2<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | DBT              | CORP              | US        |    245000 | PA      | $213242.56    | 0.16%             | 2030-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                                 | CORP. NOTE                       | CUSIP: 143658BG6<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | US        |    290000 | PA      | $291380.40    | 0.22%             | 2026-02-01      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| NATIONSTAR MORTGAGE HOLDINGS INC                                              | CORP. NOTE                       | CUSIP: 63861CAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    390000 | PA      | $318010.42    | 0.24%             | 2028-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PRIME SECURITY SERVICES BORROWER LLC / PRIME FINANCE INC                      | CORP. NOTE                       | CUSIP: 74166MAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    165000 | PA      | $142425.46    | 0.11%             | 2027-08-31      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CDW LLC / CDW FINANCE CORP                                                    | CORP. NOTE                       | CUSIP: 12513GBF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    330000 | PA      | $281057.70    | 0.21%             | 2029-02-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM CORP                                                     | CORP. NOTE                       | CUSIP: 674599EB7<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |     95000 | PA      | $94655.98     | 0.07%             | 2025-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ISTAR INC                                                                     | CORP. NOTE                       | CUSIP: 45031UCJ8<br>LEI: QFFLKWYYS3UPWD86E794 | Long             | DBT              | CORP              | US        |    260000 | PA      | $259331.80    | 0.20%             | 2026-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                                                | CORP. NOTE                       | CUSIP: 78573NAF9<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |    150000 | PA      | $144156.00    | 0.11%             | 2025-09-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| INTELLIGENT PACKAGING LTD FINCO INC / INTELLIGENT PACKAGING LTD CO-ISSUER LLC | CORP. NOTE                       | CUSIP: 45827MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    225000 | PA      | $181343.35    | 0.14%             | 2028-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BIG RIVER STEEL LLC / BRS FINANCE CORP                                        | CORP. NOTE                       | CUSIP: 08949LAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    256000 | PA      | $243897.79    | 0.18%             | 2029-01-31      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                                                                | CORP. NOTE                       | CUSIP: 893830BQ1<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | US        |    235000 | PA      | $235587.50    | 0.18%             | 2027-01-30      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC / SKYMILES IP LTD                                         | CORP. NOTE                       | CUSIP: 830867AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    480000 | PA      | $451187.13    | 0.34%             | 2028-10-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FINANCIAL SERVICES INC                                               | CORP. NOTE                       | CUSIP: 70932MAA5<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    305000 | PA      | $274873.42    | 0.21%             | 2025-10-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS HOLDINGS LLC                                          | CORP. NOTE                       | CUSIP: 35906ABE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    155000 | PA      | $143928.35    | 0.11%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| WHITE CAP BUYER LLC                                                           | CORP. NOTE                       | CUSIP: 96350RAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    190000 | PA      | $164351.68    | 0.12%             | 2028-10-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS LLC / SHIFT4 PAYMENTS FINANCE SUB INC                         | CORP. NOTE                       | CUSIP: 82453AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    475000 | PA      | $448775.25    | 0.34%             | 2026-11-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| INGEVITY CORP                                                                 | CORP. NOTE                       | CUSIP: 45688CAB3<br>LEI: 5493009UTFC4B5IMGF87 | Long             | DBT              | CORP              | US        |    250000 | PA      | $215000.00    | 0.16%             | 2028-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                                                      | CORP. NOTE                       | CUSIP: 26884LAL3<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |     35000 | PA      | $32856.54     | 0.02%             | 2029-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PARTNERS LP / ANTERO MIDSTREAM FINANCE CORP                  | CORP. NOTE                       | CUSIP: 03690EAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    190000 | PA      | $192330.58    | 0.15%             | 2026-05-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                      | CORP. NOTE                       | CUSIP: 345397B36<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    555000 | PA      | $455566.20    | 0.35%             | 2030-11-13      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AXALTA COATING SYSTEMS LLC                                                    | CORP. NOTE                       | CUSIP: 05453GAC9<br>LEI: 549300G80QONCHILSF69 | Long             | DBT              | CORP              | US        |    195000 | PA      | $160907.21    | 0.12%             | 2029-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                                         | CORP. NOTE                       | CUSIP: 36168QAL8<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |     70000 | PA      | $59850.00     | 0.05%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS HOLDINGS LLC                                          | CORP. NOTE                       | CUSIP: 35906ABG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    745000 | PA      | $616308.70    | 0.47%             | 2029-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CP ATLAS BUYER INC                                                            | CORP. NOTE                       | CUSIP: 12597YAA7<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | DBT              | CORP              | US        |    145000 | PA      | $107686.37    | 0.08%             | 2028-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ARCHES BUYER INC                                                              | CORP. NOTE                       | CUSIP: 039524AA1<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |    970000 | PA      | $758638.35    | 0.58%             | 2028-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ARCHES BUYER INC                                                              | CORP. NOTE                       | CUSIP: 039524AB9<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |    165000 | PA      | $132412.50    | 0.10%             | 2028-12-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES INC                                                        | CORP. NOTE                       | CUSIP: 156700BD7<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |    285000 | PA      | $196710.39    | 0.15%             | 2029-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                                                         | CORP. NOTE                       | CUSIP: 62957HAH8<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    102000 | PA      | $103273.83    | 0.08%             | 2025-02-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                                                           | CORP. NOTE                       | CUSIP: 05552BAA4<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |    250000 | PA      | $159087.90    | 0.12%             | 2029-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS INC                                              | CORP. NOTE                       | CUSIP: 12543DBG4<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    305000 | PA      | $261525.30    | 0.20%             | 2027-03-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS INC                                              | CORP. NOTE                       | CUSIP: 12543DBH2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |     35000 | PA      | $29276.80     | 0.02%             | 2029-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ENLINK MIDSTREAM LLC                                                          | CORP. NOTE                       | CUSIP: 29336TAC4<br>LEI: 54930000GY1H533OBE23 | Long             | DBT              | CORP              | US        |    445000 | PA      | $423861.73    | 0.32%             | 2028-01-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                                         | CORP. NOTE                       | CUSIP: 36168QAM6<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |    250000 | PA      | $219790.63    | 0.17%             | 2028-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SCRIPPS ESCROW II INC                                                         | CORP. NOTE                       | CUSIP: 81105DAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    260000 | PA      | $208650.00    | 0.16%             | 2029-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| TOWNSQUARE MEDIA INC                                                          | CORP. NOTE                       | CUSIP: 892231AB7<br>LEI: 549300XBA8C68H0DR538 | Long             | DBT              | CORP              | US        |    325000 | PA      | $288437.99    | 0.22%             | 2026-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE CORP                         | CORP. NOTE                       | CUSIP: 451102CC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    165000 | PA      | $139532.25    | 0.11%             | 2029-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| REALOGY GROUP LLC / REALOGY CO-ISSUER CORP                                    | CORP. NOTE                       | CUSIP: 75606DAL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    275000 | PA      | $208007.25    | 0.16%             | 2029-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| URBAN ONE INC                                                                 | CORP. NOTE                       | CUSIP: 91705JAC9<br>LEI: 549300PLGIGPBRQUP240 | Long             | DBT              | CORP              | US        |    405000 | PA      | $342350.55    | 0.26%             | 2028-02-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ANTERO RESOURCES CORP                                                         | CORP. NOTE                       | CUSIP: 03674XAQ9<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | DBT              | CORP              | US        |     96000 | PA      | $96528.59     | 0.07%             | 2029-02-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| CROWDSTRIKE HOLDINGS INC                                                      | CORP. NOTE                       | CUSIP: 22788CAA3<br>LEI: 549300YBY08K9KM4HX32 | Long             | DBT              | CORP              | US        |    505000 | PA      | $426101.27    | 0.32%             | 2029-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MERCER INTERNATIONAL INC                                                      | CORP. NOTE                       | CUSIP: 588056BB6<br>LEI: 549300Z5IAG39VRTY874 | Long             | DBT              | CORP              | CA        |    275000 | PA      | $229902.75    | 0.17%             | 2029-02-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                 | CORP. NOTE                       | CUSIP: 893647BP1<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    245000 | PA      | $215421.15    | 0.16%             | 2029-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS INC                                              | CORP. NOTE                       | CUSIP: 12543DBJ8<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    200000 | PA      | $102792.60    | 0.08%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BEASLEY MEZZANINE HOLDINGS LLC                                                | CORP. NOTE                       | CUSIP: 07403VAA7<br>LEI: 549300VK8LJV1TK18D38 | Long             | DBT              | CORP              | US        |    520000 | PA      | $312000.00    | 0.24%             | 2026-02-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| ZOOMINFO TECHNOLOGIES LLC/ZOOMINFO FINANCE CORP                               | CORP. NOTE                       | CUSIP: 98981BAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1055000 | PA      | $886603.45    | 0.67%             | 2029-02-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ROCKET SOFTWARE INC                                                           | CORP. NOTE                       | CUSIP: 77314EAA6<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |    635000 | PA      | $495300.00    | 0.38%             | 2029-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PETSMART INC / PETSMART FINANCE CORP                                          | CORP. NOTE                       | CUSIP: 71677KAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    265000 | PA      | $248886.01    | 0.19%             | 2029-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS INC                                            | CORP. NOTE                       | CUSIP: 18453HAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $182502.33    | 0.14%             | 2028-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| FULL HOUSE RESORTS INC                                                        | CORP. NOTE                       | CUSIP: 359678AC3<br>LEI: 5493009DKIWW0H901Y82 | Long             | DBT              | CORP              | US        |    435000 | PA      | $385109.85    | 0.29%             | 2028-02-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| KLEOPATRA HOLDINGS 2 SCA                                                      | CORP. NOTE                       | CUSIP: L5841GAA1<br>LEI: 222100ALG258IKQWWE73 | Long             | DBT              | CORP              | LU        |    240000 | PA      | $140240.87    | 0.11%             | 2026-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                      | CORP. NOTE                       | CUSIP: 345397B51<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    220000 | PA      | $181702.20    | 0.14%             | 2028-02-16      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                                 | CORP. NOTE                       | CUSIP: 143658BN1<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | US        |    330000 | PA      | $235633.20    | 0.18%             | 2027-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SPANISH BROADCASTING SYSTEM INC                                               | CORP. NOTE                       | CUSIP: 846425AQ9<br>LEI: 5493005DKYB1X4C9LH64 | Long             | DBT              | CORP              | US        |    225000 | PA      | $129375.00    | 0.10%             | 2026-03-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                                                        | CORP. NOTE                       | CUSIP: 205768AS3<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |    300000 | PA      | $270750.00    | 0.21%             | 2029-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TTM TECHNOLOGIES INC                                                          | CORP. NOTE                       | CUSIP: 87305RAK5<br>LEI: 549300SC4BDOIS008048 | Long             | DBT              | CORP              | US        |    375000 | PA      | $320625.00    | 0.24%             | 2029-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS LP                                                   | CORP. NOTE                       | CUSIP: 16411QAK7<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    260000 | PA      | $221353.60    | 0.17%             | 2031-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA-PACIFIC CORP                                                        | CORP. NOTE                       | CUSIP: 546347AM7<br>LEI: 549300C7E2UAO5BVRR75 | Long             | DBT              | CORP              | US        |    245000 | PA      | $211642.37    | 0.16%             | 2029-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING FINANCE USA LLC / ARDAGH METAL PACKAGING FINANCE PLC   | CORP. NOTE                       | CUSIP: 03969YAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $158505.46    | 0.12%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PHH MORTGAGE CORP                                                             | CORP. NOTE                       | CUSIP: 69356NAA2<br>LEI: PAOOWF3GUFM46FBSP561 | Long             | DBT              | CORP              | US        |    520000 | PA      | $461933.86    | 0.35%             | 2026-03-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| TRONOX INC                                                                    | CORP. NOTE                       | CUSIP: 897051AC2<br>LEI: 549300EPZ4YXC7E5P181 | Long             | DBT              | CORP              | US        |    350000 | PA      | $290937.50    | 0.22%             | 2029-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| OWENS  AND  MINOR INC                                                         | CORP. NOTE                       | CUSIP: 690732AF9<br>LEI: 549300LMT5KQQXCEZ733 | Long             | DBT              | CORP              | US        |    390000 | PA      | $310947.00    | 0.24%             | 2029-03-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TWILIO INC                                                                    | CORP. NOTE                       | CUSIP: 90138FAC6<br>LEI: 5493004W8TRGD63APX93 | Long             | DBT              | CORP              | US        |    335000 | PA      | $272154.00    | 0.21%             | 2029-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| CINEMARK USA INC                                                              | CORP. NOTE                       | CUSIP: 172441BD8<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |    275000 | PA      | $229063.18    | 0.17%             | 2026-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORIES INTERNATIONAL INC                                  | CORP. NOTE                       | CUSIP: 159864AG2<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |    145000 | PA      | $127600.00    | 0.10%             | 2029-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORIES INTERNATIONAL INC                                  | CORP. NOTE                       | CUSIP: 159864AJ6<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |    160000 | PA      | $138800.00    | 0.11%             | 2031-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MATTEL INC                                                                    | CORP. NOTE                       | CUSIP: 577081BE1<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |     65000 | PA      | $59761.31     | 0.05%             | 2026-04-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| MATTEL INC                                                                    | CORP. NOTE                       | CUSIP: 577081BF8<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |    245000 | PA      | $215189.63    | 0.16%             | 2029-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC/AADVANTAGE LOYALTY IP LTD                               | CORP. NOTE                       | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    325000 | PA      | $297035.65    | 0.23%             | 2029-04-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC/AADVANTAGE LOYALTY IP LTD                               | CORP. NOTE                       | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    325000 | PA      | $312535.11    | 0.24%             | 2026-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AUDACY CAPITAL CORP                                                           | CORP. NOTE                       | CUSIP: 29365DAB5<br>LEI: 549300S5JUSXRHNCHD80 | Long             | DBT              | CORP              | US        |    330000 | PA      | $57159.01     | 0.04%             | 2029-03-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES BV                                                       | CORP. NOTE                       | CUSIP: 81725WAK9<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | US        |    575000 | PA      | $495937.50    | 0.38%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TRINSEO MATERIALS OPERATING SCA / TRINSEO MATERIALS FINANCE INC               | CORP. NOTE                       | CUSIP: 89668QAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    310000 | PA      | $200793.20    | 0.15%             | 2029-04-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| NESCO HOLDINGS II INC                                                         | CORP. NOTE                       | CUSIP: 64083YAA9<br>LEI: 254900FAHT0HW9T6L409 | Long             | DBT              | CORP              | US        |    330000 | PA      | $288750.00    | 0.22%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TEREX CORP                                                                    | CORP. NOTE                       | CUSIP: 880779BA0<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |    165000 | PA      | $148293.75    | 0.11%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NCR CORP                                                                      | CORP. NOTE                       | CUSIP: 62886EBA5<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |    465000 | PA      | $388890.29    | 0.29%             | 2029-04-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| IMOLA MERGER CORP                                                             | CORP. NOTE                       | CUSIP: 45258LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    810000 | PA      | $702767.00    | 0.53%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ARETEC ESCROW ISSUER INC                                                      | CORP. NOTE                       | CUSIP: 040133AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    305000 | PA      | $251696.13    | 0.19%             | 2029-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| TMS INTERNATIONAL CORP/DE                                                     | CORP. NOTE                       | CUSIP: 87261QAC7<br>LEI: 549300L4K0F1YF8WKF23 | Long             | DBT              | CORP              | US        |    405000 | PA      | $289680.30    | 0.22%             | 2029-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ORGANON  AND  CO / ORGANON FOREIGN DEBT CO-ISSUER BV                          | CORP. NOTE                       | CUSIP: 68622TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $309890.00    | 0.24%             | 2028-04-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| NEWS CORP                                                                     | CORP. NOTE                       | CUSIP: 65249BAA7<br>LEI: 549300ITS31QK8VRBQ14 | Long             | DBT              | CORP              | US        |    460000 | PA      | $398999.40    | 0.30%             | 2029-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                 | CORP. NOTE                       | CUSIP: 893647BQ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    470000 | PA      | $409957.50    | 0.31%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA/FRANCE                                                       | CORP. NOTE                       | CUSIP: 02156LAF8<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    280000 | PA      | $209928.09    | 0.16%             | 2029-07-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                                                           | CORP. NOTE                       | CUSIP: 90932LAG2<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |    130000 | PA      | $120500.38    | 0.09%             | 2026-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                                                           | CORP. NOTE                       | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |    130000 | PA      | $113190.44    | 0.09%             | 2029-04-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC                                                        | CORP. NOTE                       | CUSIP: 78433BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    465000 | PA      | $399004.71    | 0.30%             | 2028-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC                                                        | CORP. NOTE                       | CUSIP: 78433BAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    155000 | PA      | $124849.32    | 0.09%             | 2029-05-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| JAZZ SECURITIES DAC                                                           | CORP. NOTE                       | CUSIP: 47216FAA5<br>LEI: 6354009DV8VV7K6KOO02 | Long             | DBT              | CORP              | IE        |    600000 | PA      | $534690.00    | 0.41%             | 2029-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                                                    | CORP. NOTE                       | CUSIP: 380355AF4<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |    195000 | PA      | $172575.00    | 0.13%             | 2026-05-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BEACON ROOFING SUPPLY INC                                                     | CORP. NOTE                       | CUSIP: 073685AH2<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |    130000 | PA      | $108028.87    | 0.08%             | 2029-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ENCINO ACQUISITION PARTNERS HOLDINGS LLC                                      | CORP. NOTE                       | CUSIP: 29254BAA5<br>LEI: 549300BUKUEKT2UE4T49 | Long             | DBT              | CORP              | US        |    450000 | PA      | $411295.50    | 0.31%             | 2028-05-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN BUILDERS  AND  CONTRACTORS SUPPLY CO INC                             | CORP. NOTE                       | CUSIP: 024747AG2<br>LEI: 549300H5GQ4C1BEKG397 | Long             | DBT              | CORP              | US        |    295000 | PA      | $241147.75    | 0.18%             | 2029-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CARRIAGE SERVICES INC                                                         | CORP. NOTE                       | CUSIP: 143905AP2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    235000 | PA      | $186613.07    | 0.14%             | 2029-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HERENS HOLDCO SARL                                                            | CORP. NOTE                       | CUSIP: 427169AA5<br>LEI: 2221002FZ55AMAUX4G64 | Long             | DBT              | CORP              | LU        |    315000 | PA      | $235434.15    | 0.18%             | 2028-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO LLC / ALLIED UNIVERSAL FINANCE CORP                   | CORP. NOTE                       | CUSIP: 019576AC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    340000 | PA      | $246758.27    | 0.19%             | 2029-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTERNATIONAL/US                                                 | CORP. NOTE                       | CUSIP: 817565CG7<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    175000 | PA      | $147389.51    | 0.11%             | 2031-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                                                 | CORP. NOTE                       | CUSIP: 25470XBD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    345000 | PA      | $222562.95    | 0.17%             | 2029-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| GREAT LAKES DREDGE  AND  DOCK CORP                                            | CORP. NOTE                       | CUSIP: 390607AF6<br>LEI: 549300H65E3MZ1CX0P05 | Long             | DBT              | CORP              | US        |    495000 | PA      | $384813.00    | 0.29%             | 2029-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MAJORDRIVE HOLDINGS IV LLC                                                    | CORP. NOTE                       | CUSIP: 56085RAA8<br>LEI: 25490044R1FR5N8FIT62 | Long             | DBT              | CORP              | US        |    555000 | PA      | $414135.98    | 0.31%             | 2029-06-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY CORP                                                     | CORP. NOTE                       | CUSIP: 36485MAL3<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    105000 | PA      | $85317.58     | 0.06%             | 2029-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                                         | CORP. NOTE                       | CUSIP: 88033GDM9<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    230000 | PA      | $199249.00    | 0.15%             | 2029-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                                         | CORP. NOTE                       | CUSIP: 071734AN7<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | US        |    280000 | PA      | $178091.71    | 0.14%             | 2028-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CHORD ENERGY CORP                                                             | CORP. NOTE                       | CUSIP: 674215AL2<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |    175000 | PA      | $170437.75    | 0.13%             | 2026-06-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                                         | CORP. NOTE                       | CUSIP: 36168QAN4<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |    240000 | PA      | $210060.00    | 0.16%             | 2029-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CINEMARK USA INC                                                              | CORP. NOTE                       | CUSIP: 172441BF3<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |    370000 | PA      | $274758.30    | 0.21%             | 2028-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PRECISION DRILLING CORP                                                       | CORP. NOTE                       | CUSIP: 740212AM7<br>LEI: 549300WF2OE8T5BP4B84 | Long             | DBT              | CORP              | CA        |     80000 | PA      | $74480.54     | 0.06%             | 2029-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                                                | CORP. NOTE                       | CUSIP: 097751BV2<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $194042.87    | 0.15%             | 2026-06-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO INC                                                           | CORP. NOTE                       | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    470000 | PA      | $409041.00    | 0.31%             | 2028-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LADDER CAPITAL FINANCE HOLDINGS LLLP / LADDER CAPITAL FINANCE CORP            | CORP. NOTE                       | CUSIP: 505742AP1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    435000 | PA      | $351201.60    | 0.27%             | 2029-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                                                  | CORP. NOTE                       | CUSIP: 78454LAW0<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |     70000 | PA      | $67113.90     | 0.05%             | 2028-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                                                        | CORP. NOTE                       | CUSIP: 205768AT1<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |    355000 | PA      | $305193.50    | 0.23%             | 2030-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GARTNER INC                                                                   | CORP. NOTE                       | CUSIP: 366651AG2<br>LEI: PP55B5R38BFB8O8HH686 | Long             | DBT              | CORP              | US        |     90000 | PA      | $79084.80     | 0.06%             | 2029-06-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                                                               | CORP. NOTE                       | CUSIP: 55760LAA5<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |     90000 | PA      | $75260.70     | 0.06%             | 2028-06-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                                                               | CORP. NOTE                       | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |    405000 | PA      | $277586.53    | 0.21%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| RAPTOR ACQUISITION CORP / RAPTOR CO-ISSUER LLC                                | CORP. NOTE                       | CUSIP: 75383KAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $93282.03     | 0.07%             | 2026-11-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CALLON PETROLEUM CO                                                           | CORP. NOTE                       | CUSIP: 13123XBD3<br>LEI: 549300EFOWPEB0WLZW21 | Long             | DBT              | CORP              | US        |    255000 | PA      | $243087.36    | 0.18%             | 2028-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                      | CORP. NOTE                       | CUSIP: 345397B69<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    245000 | PA      | $192461.73    | 0.15%             | 2031-06-17      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP                                                         | CORP. NOTE                       | CUSIP: 35640YAG2<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |    175000 | PA      | $136193.94    | 0.10%             | 2027-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| EVERI HOLDINGS INC                                                            | CORP. NOTE                       | CUSIP: 30034TAA1<br>LEI: 5299006DK5S7BG10K532 | Long             | DBT              | CORP              | US        |    235000 | PA      | $201857.14    | 0.15%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VICTORIA'S SECRET  AND  CO                                                    | CORP. NOTE                       | CUSIP: 926400AA0<br>LEI: 5493006T3O70U3UWVF17 | Long             | DBT              | CORP              | US        |    425000 | PA      | $333625.00    | 0.25%             | 2029-07-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| MASONITE INTERNATIONAL CORP                                                   | CORP. NOTE                       | CUSIP: 575385AE9<br>LEI: 549300H0H07ZFT4JYM32 | Long             | DBT              | CORP              | US        |    325000 | PA      | $262901.00    | 0.20%             | 2030-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ADT SECURITY CORP/THE                                                         | CORP. NOTE                       | CUSIP: 00109LAA1<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |    305000 | PA      | $259389.11    | 0.20%             | 2029-08-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| MILLENNIUM ESCROW CORP                                                        | CORP. NOTE                       | CUSIP: 60041CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    235000 | PA      | $150412.02    | 0.11%             | 2026-08-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION INC                                                     | CORP. NOTE                       | CUSIP: 57767XAA8<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |    435000 | PA      | $365560.95    | 0.28%             | 2028-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION INC                                                     | CORP. NOTE                       | CUSIP: 57767XAB6<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |    445000 | PA      | $368000.54    | 0.28%             | 2029-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC / DIRECTV FINANCING CO-OBLIGOR INC                      | CORP. NOTE                       | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    360000 | PA      | $322077.60    | 0.24%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU PASS LLC                                             | CORP. NOTE                       | CUSIP: 92328MAA1<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    130000 | PA      | $113750.00    | 0.09%             | 2029-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATIONS LP                                                  | CORP. NOTE                       | CUSIP: 428102AE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $115414.33    | 0.09%             | 2030-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDINGS LLC                                                         | CORP. NOTE                       | CUSIP: 92943GAA9<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    330000 | PA      | $266399.10    | 0.20%             | 2029-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD                                                   | CORP. NOTE                       | CUSIP: 780153BJ0<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | US        |    120000 | PA      | $100950.00    | 0.08%             | 2026-08-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SOUTHWESTERN ENERGY CO                                                        | CORP. NOTE                       | CUSIP: 845467AS8<br>LEI: EFWMP121W54QV9MGOP87 | Long             | DBT              | CORP              | US        |    350000 | PA      | $319206.65    | 0.24%             | 2030-03-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HOWMET AEROSPACE INC                                                          | CORP. NOTE                       | CUSIP: 443201AB4<br>LEI: 549300HO5WFZUT5N2T22 | Long             | DBT              | CORP              | US        |    455000 | PA      | $386750.00    | 0.29%             | 2029-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CLARIVATE SCIENCE HOLDINGS CORP                                               | CORP. NOTE                       | CUSIP: 18064PAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    460000 | PA      | $391161.00    | 0.30%             | 2029-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SYLVAMO CORP                                                                  | CORP. NOTE                       | CUSIP: 87133LAA8<br>LEI: 5493001AOYU1ZOWOC971 | Long             | DBT              | CORP              | US        |    455000 | PA      | $432250.00    | 0.33%             | 2029-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SOUTHWESTERN ENERGY CO                                                        | CORP. NOTE                       | CUSIP: 845467AR0<br>LEI: EFWMP121W54QV9MGOP87 | Long             | DBT              | CORP              | US        |    740000 | PA      | $686024.40    | 0.52%             | 2029-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT INC                                                     | CORP. NOTE                       | CUSIP: 12769GAA8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    125000 | PA      | $101726.25    | 0.08%             | 2029-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FINANCIAL SERVICES INC                                               | CORP. NOTE                       | CUSIP: 70932MAC1<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    160000 | PA      | $126882.38    | 0.10%             | 2031-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WATER US HOLDING CORP                                                 | CORP. NOTE                       | CUSIP: 681639AA8<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    430000 | PA      | $349097.06    | 0.26%             | 2028-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WATER US HOLDING CORP                                                 | CORP. NOTE                       | CUSIP: 681639AB6<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    380000 | PA      | $288498.35    | 0.22%             | 2029-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HOLDINGS II LLC                                                   | CORP. NOTE                       | CUSIP: 57667JAA0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    145000 | PA      | $111195.28    | 0.08%             | 2031-10-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| ROLLER BEARING CO OF AMERICA INC                                              | CORP. NOTE                       | CUSIP: 775631AD6<br>LEI: 254900U9XW6S76H2P167 | Long             | DBT              | CORP              | US        |    270000 | PA      | $233469.00    | 0.18%             | 2029-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDINGS LLC                                                         | CORP. NOTE                       | CUSIP: 92943GAC5<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    200000 | PA      | $197000.00    | 0.15%             | 2024-10-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDINGS LLC                                                         | CORP. NOTE                       | CUSIP: 92943GAD3<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    280000 | PA      | $248116.40    | 0.19%             | 2027-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA/FRANCE                                                       | CORP. NOTE                       | CUSIP: 02156LAH4<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    230000 | PA      | $175381.90    | 0.13%             | 2029-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ROCKCLIFF ENERGY II LLC                                                       | CORP. NOTE                       | CUSIP: 77289KAA3<br>LEI: 5493007AZNVKZ5HEMT23 | Long             | DBT              | CORP              | US        |    580000 | PA      | $530671.00    | 0.40%             | 2029-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COBRA ACQUISITIONCO LLC                                                       | CORP. NOTE                       | CUSIP: 19106CAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    360000 | PA      | $212400.00    | 0.16%             | 2029-11-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                                           | CORP. NOTE                       | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    325000 | PA      | $258137.75    | 0.20%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LSF11 A5 HOLDCO LLC                                                           | CORP. NOTE                       | CUSIP: 50221DAA7<br>LEI: 254900FPK7P5WNA66Y10 | Long             | DBT              | CORP              | US        |    390000 | PA      | $322183.38    | 0.24%             | 2029-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                                           | CORP. NOTE                       | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    630000 | PA      | $507754.80    | 0.39%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| OT MERGER CORP                                                                | CORP. NOTE                       | CUSIP: 688777AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    420000 | PA      | $222600.00    | 0.17%             | 2029-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| VERTIV GROUP CORP                                                             | CORP. NOTE                       | CUSIP: 92535UAB0<br>LEI: 549300ZT8RQ5VK10E643 | Long             | DBT              | CORP              | US        |    675000 | PA      | $573750.00    | 0.44%             | 2028-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| LAMB WESTON HOLDINGS INC                                                      | CORP. NOTE                       | CUSIP: 513272AD6<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |    395000 | PA      | $348864.00    | 0.26%             | 2030-01-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| OPTION CARE HEALTH INC                                                        | CORP. NOTE                       | CUSIP: 68404LAA0<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | DBT              | CORP              | US        |    105000 | PA      | $91844.55     | 0.07%             | 2029-10-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV                                | CORP. NOTE                       | CUSIP: 88167AAQ4<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    755000 | PA      | $672363.09    | 0.51%             | 2029-05-09      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP INC                                                   | CORP. NOTE                       | CUSIP: 043436AW4<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |     65000 | PA      | $54771.60     | 0.04%             | 2029-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| PECF USS INTERMEDIATE HOLDING III CORP                                        | CORP. NOTE                       | CUSIP: 69291HAA3<br>LEI: 254900DIL842DEXPYJ91 | Long             | DBT              | CORP              | US        |    520000 | PA      | $337838.80    | 0.26%             | 2029-11-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERNATIONAL LLC                                           | CORP. NOTE                       | CUSIP: 38869AAD9<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    205000 | PA      | $174245.71    | 0.13%             | 2030-02-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                                                 | CORP. NOTE                       | CUSIP: 25470XBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    165000 | PA      | $138985.28    | 0.11%             | 2026-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                                                 | CORP. NOTE                       | CUSIP: 25470XBF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $239437.50    | 0.18%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| KONTOOR BRANDS INC                                                            | CORP. NOTE                       | CUSIP: 50050NAA1<br>LEI: 549300M0CPXV65RFF271 | Long             | DBT              | CORP              | US        |    415000 | PA      | $337706.25    | 0.26%             | 2029-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                                         | CORP. NOTE                       | CUSIP: 44332PAG6<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    100000 | PA      | $87338.24     | 0.07%             | 2029-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| COVANTA HOLDING CORP                                                          | CORP. NOTE                       | CUSIP: 22303XAA3<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | DBT              | CORP              | US        |    405000 | PA      | $331804.35    | 0.25%             | 2029-12-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| VZ SECURED FINANCING BV                                                       | CORP. NOTE                       | CUSIP: 91845AAA3<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |    240000 | PA      | $192300.00    | 0.15%             | 2032-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT LLC / FERTITTA ENTERTAINMENT FINANCE CO INC            | CORP. NOTE                       | CUSIP: 31556TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $120990.00    | 0.09%             | 2030-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MIWD HOLDCO II LLC / MIWD FINANCE CORP                                        | CORP. NOTE                       | CUSIP: 55337PAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $135345.52    | 0.10%             | 2030-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT LLC / FERTITTA ENTERTAINMENT FINANCE CO INC            | CORP. NOTE                       | CUSIP: 31556TAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $126935.25    | 0.10%             | 2029-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL METALS CO                                                          | CORP. NOTE                       | CUSIP: 201723AQ6<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | CORP              | US        |    280000 | PA      | $247759.85    | 0.19%             | 2030-01-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS INC                                              | CORP. NOTE                       | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    155000 | PA      | $116875.76    | 0.09%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                                         | CORP. NOTE                       | CUSIP: 071734AP2<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | US        |    225000 | PA      | $155166.75    | 0.12%             | 2027-02-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC                                                        | CORP. NOTE                       | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |    440000 | PA      | $324250.15    | 0.25%             | 2030-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AMC ENTERTAINMENT HOLDINGS INC                                                | CORP. NOTE                       | CUSIP: 00165CBA1<br>LEI: 549300ZO77UNR6NRBR11 | Long             | DBT              | CORP              | US        |    145000 | PA      | $77924.45     | 0.06%             | 2029-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VIBRANTZ TECHNOLOGIES INC                                                     | CORP. NOTE                       | CUSIP: 69357VAA3<br>LEI: 549300GYZ1T3S8OPH343 | Long             | DBT              | CORP              | US        |    330000 | PA      | $249038.01    | 0.19%             | 2030-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| SCIENTIFIC GAMES HOLDINGS LP/SCIENTIFIC GAMES US FINCO INC                    | CORP. NOTE                       | CUSIP: 80874DAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    205000 | PA      | $173163.50    | 0.13%             | 2030-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| NCL CORP LTD                                                                  | CORP. NOTE                       | CUSIP: 62886HBE0<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | US        |    135000 | PA      | $116437.50    | 0.09%             | 2027-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NCL CORP LTD                                                                  | CORP. NOTE                       | CUSIP: 62886HBG5<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | US        |    100000 | PA      | $76000.00     | 0.06%             | 2029-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| DIAMOND SPORTS GROUP LLC / DIAMOND SPORTS FINANCE CO                          | CORP. NOTE                       | CUSIP: 25277LAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    345000 | PA      | $40537.50     | 0.03%             | 2026-08-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MACY'S RETAIL HOLDINGS LLC                                                    | CORP. NOTE                       | CUSIP: 55617LAQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $34709.20     | 0.03%             | 2030-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| OWENS  AND  MINOR INC                                                         | CORP. NOTE                       | CUSIP: 690732AG7<br>LEI: 549300LMT5KQQXCEZ733 | Long             | DBT              | CORP              | US        |    250000 | PA      | $214850.00    | 0.16%             | 2030-04-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| YUM! BRANDS INC                                                               | CORP. NOTE                       | CUSIP: 988498AR2<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |    155000 | PA      | $143568.75    | 0.11%             | 2032-04-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CDI ESCROW ISSUER INC                                                         | CORP. NOTE                       | CUSIP: 12511VAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    380000 | PA      | $340100.00    | 0.26%             | 2030-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATIONS LP                                                  | CORP. NOTE                       | CUSIP: 428102AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    155000 | PA      | $141802.69    | 0.11%             | 2030-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS HOLDINGS LLC                                          | CORP. NOTE                       | CUSIP: 35908MAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $142344.93    | 0.11%             | 2030-05-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| KINETIK HOLDINGS LP                                                           | CORP. NOTE                       | CUSIP: 49461MAA8<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |    290000 | PA      | $271957.07    | 0.21%             | 2030-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                                      | CORP. NOTE                       | CUSIP: 12008RAR8<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    135000 | PA      | $126798.24    | 0.10%             | 2032-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                                         | CORP. NOTE                       | CUSIP: 88033GDP2<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    370000 | PA      | $352536.00    | 0.27%             | 2030-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CALLON PETROLEUM CO                                                           | CORP. NOTE                       | CUSIP: 13123XBF8<br>LEI: 549300EFOWPEB0WLZW21 | Long             | DBT              | CORP              | US        |    625000 | PA      | $571875.00    | 0.43%             | 2030-06-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC                                                  | CORP. NOTE                       | CUSIP: 914906AX0<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    205000 | PA      | $195918.50    | 0.15%             | 2030-06-30      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CENTRAL PARENT INC / CDK GLOBAL INC                                           | CORP. NOTE                       | CUSIP: 15477CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $195624.37    | 0.15%             | 2029-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| MALLINCKRODT INTERNATIONAL FINANCE SA / MALLINCKRODT CB LLC                   | CORP. NOTE                       | CUSIP: 561233AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    426000 | PA      | $283290.00    | 0.21%             | 2025-04-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                                      | CORP. NOTE                       | CUSIP: 15089QAN4<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    365000 | PA      | $354649.13    | 0.27%             | 2029-07-15      | Fixed         | 6.33%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                                      | CORP. NOTE                       | CUSIP: 15089QAM6<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    215000 | PA      | $212060.14    | 0.16%             | 2027-07-15      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| CAMELOT RETURN MERGER SUB INC                                                 | CORP. NOTE                       | CUSIP: 13323NAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    205000 | PA      | $188114.15    | 0.14%             | 2028-08-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| AVIENT CORP                                                                   | CORP. NOTE                       | CUSIP: 05368VAA4<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |     85000 | PA      | $83090.21     | 0.06%             | 2030-08-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES BV                                                       | CORP. NOTE                       | CUSIP: 81725WAL7<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | US        |    290000 | PA      | $274840.35    | 0.21%             | 2030-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                                               | CORP. NOTE                       | CUSIP: 668771AK4<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |    150000 | PA      | $147000.00    | 0.11%             | 2027-09-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP HOLDINGS INC                                             | CORP. NOTE                       | CUSIP: 88632QAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    540000 | PA      | $454831.86    | 0.34%             | 2029-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD                                                   | CORP. NOTE                       | CUSIP: 780153BR2<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | US        |     70000 | PA      | $71932.00     | 0.05%             | 2029-01-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| 1375209 BC LTD                                                                | CORP. NOTE                       | CUSIP: 68251PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     33000 | PA      | $32133.75     | 0.02%             | 2028-01-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                                         | CORP. NOTE                       | CUSIP: 071734AQ0<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | US        |     59000 | PA      | $46010.83     | 0.03%             | 2028-09-30      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                                         | CORP. NOTE                       | CUSIP: 071734AR8<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | US        |     11000 | PA      | $6530.11      | 0.00%             | 2030-10-15      | Fixed         | 14.00%                | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                                                          | CORP. NOTE                       | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |    515000 | PA      | $485387.50    | 0.37%             | 2029-04-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                                                          | CORP. NOTE                       | CUSIP: 16115QAF7<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |    335000 | PA      | $336772.15    | 0.26%             | 2030-01-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                                                          | CORP. NOTE                       | CUSIP: 16115QAG5<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46152.45     | 0.04%             | 2031-01-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| BCPE ULYSSES INTERMEDIATE INC                                                 | CORP. PIK BOND                   | CUSIP: 05553LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $61791.08     | 0.05%             | 2027-04-01      | Variable      | 7.75%                 | No            |                  2 | On Loan: No      |
| INTELLIGENT PACKAGING HOLDCO ISSUER LP                                        | CORP. PIK BOND                   | CUSIP: 45827CAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    215000 | PA      | $148350.00    | 0.11%             | 2026-01-15      | Variable      | 9.00%                 | No            |                  2 | On Loan: No      |
| CONTINENTAL RESOURCES INC/OK                                                  | CORPORATE BONDS                  | CUSIP: 212015AT8<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |    485000 | PA      | $451467.26    | 0.34%             | 2031-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM CORP                                                     | CORPORATE BONDS                  | CUSIP: 674599EF8<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |     85000 | PA      | $85781.12     | 0.07%             | 2031-01-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| SCRIPPS ESCROW II INC                                                         | CORPORATE BONDS                  | CUSIP: 81105DAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160000 | PA      | $128241.44    | 0.10%             | 2031-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TALLGRASS ENERGY PARTNERS LP / TALLGRASS ENERGY FINANCE CORP                  | CORPORATE BONDS                  | CUSIP: 87470LAJ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    240000 | PA      | $207900.00    | 0.16%             | 2030-12-31      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                              | CORPORATE BONDS                  | CUSIP: 87264ABT1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    230000 | PA      | $190055.49    | 0.14%             | 2031-02-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING CO INC                                              | CORPORATE BONDS                  | CUSIP: 432833AN1<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    160000 | PA      | $128128.00    | 0.10%             | 2032-02-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| LEVI STRAUSS  AND  CO                                                         | CORPORATE BONDS                  | CUSIP: 52736RBJ0<br>LEI: MB0UERO0RDFKU8258G77 | Long             | DBT              | CORP              | US        |    590000 | PA      | $468277.10    | 0.36%             | 2031-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| TWILIO INC                                                                    | CORPORATE BONDS                  | CUSIP: 90138FAD4<br>LEI: 5493004W8TRGD63APX93 | Long             | DBT              | CORP              | US        |    175000 | PA      | $138837.13    | 0.11%             | 2031-03-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                                     | CORPORATE BONDS                  | CUSIP: 852234AP8<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    580000 | PA      | $462796.50    | 0.35%             | 2031-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BOYD GAMING CORP                                                              | CORPORATE BONDS                  | CUSIP: 103304BV2<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |    555000 | PA      | $482850.00    | 0.37%             | 2031-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                                      | CORPORATE BONDS                  | CUSIP: 12008RAP2<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    320000 | PA      | $259432.90    | 0.20%             | 2032-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                                                  | CORPORATE BONDS                  | CUSIP: 670001AH9<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |     70000 | PA      | $57147.47     | 0.04%             | 2031-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO INC                                                           | CORPORATE BONDS                  | CUSIP: 82967NBM9<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    540000 | PA      | $421291.38    | 0.32%             | 2031-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                                | CORPORATE BONDS                  | CUSIP: 629377CS9<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    435000 | PA      | $326706.75    | 0.25%             | 2032-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SCOTTS MIRACLE-GRO CO/THE                                                     | CORPORATE BONDS                  | CUSIP: 810186AW6<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |    175000 | PA      | $131897.48    | 0.10%             | 2032-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS LP                                                   | CORPORATE BONDS                  | CUSIP: 16411QAN1<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |     35000 | PA      | $27814.74     | 0.02%             | 2032-01-31      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| GRAY ESCROW II INC                                                            | CORPORATE BONDS                  | CUSIP: 389286AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $504455.00    | 0.38%             | 2031-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MORTGAGE HOLDINGS INC                                              | CORPORATE BONDS                  | CUSIP: 63861CAE9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    355000 | PA      | $276012.50    | 0.21%             | 2031-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP INC                                                   | CORPORATE BONDS                  | CUSIP: 043436AX2<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |     35000 | PA      | $28794.50     | 0.02%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                                                           | CORPORATE BONDS                  | CUSIP: 857691AH2<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |    110000 | PA      | $88239.06     | 0.07%             | 2031-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU PASS LLC                                             | CORPORATE BONDS                  | CUSIP: 92328MAC7<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    495000 | PA      | $404365.50    | 0.31%             | 2033-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL METALS CO                                                          | CORPORATE BONDS                  | CUSIP: 201723AR4<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | CORP              | US        |    165000 | PA      | $143537.88    | 0.11%             | 2032-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| NEWS CORP                                                                     | CORPORATE BONDS                  | CUSIP: 65249BAB5<br>LEI: 549300ITS31QK8VRBQ14 | Long             | DBT              | CORP              | US        |     40000 | PA      | $36400.00     | 0.03%             | 2032-02-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| MACY'S RETAIL HOLDINGS LLC                                                    | CORPORATE BONDS                  | CUSIP: 55617LAR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $126079.50    | 0.10%             | 2032-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| SPRINT CAPITAL CORP                                                           | CORPORATE BONDS                  | CUSIP: 852060AD4<br>LEI: 549300L17W0GQBR1PO80 | Long             | DBT              | CORP              | US        |    800000 | PA      | $830352.00    | 0.63%             | 2028-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CROWN CORK  AND  SEAL CO INC                                                  | CORPORATE BONDS                  | CUSIP: 228255AH8<br>LEI: 7HLDMDH0ZXNUH6PT7Z42 | Long             | DBT              | CORP              | US        |    155000 | PA      | $159574.05    | 0.12%             | 2026-12-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| DEVON ENERGY CORP                                                             | CORPORATE BONDS                  | CUSIP: 25179SAD2<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |    155000 | PA      | $174907.47    | 0.13%             | 2031-09-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| OVINTIV INC                                                                   | CORPORATE BONDS                  | CUSIP: 012873AH8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $137169.66    | 0.10%             | 2030-09-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| OVINTIV INC                                                                   | CORPORATE BONDS                  | CUSIP: 012873AK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    260000 | PA      | $276740.51    | 0.21%             | 2031-11-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| DEVON ENERGY CORP                                                             | CORPORATE BONDS                  | CUSIP: 251799AA0<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |    400000 | PA      | $453966.65    | 0.34%             | 2032-04-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| PULTEGROUP INC                                                                | CORPORATE BONDS                  | CUSIP: 745867AM3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    390000 | PA      | $433407.53    | 0.33%             | 2032-06-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| DRESDNER FUNDING TRUST I                                                      | CORPORATE BONDS                  | CUSIP: 26156FAA1<br>LEI: 549300ZEO4BKB37E3J03 | Long             | DBT              | CORP              | US        |    150000 | PA      | $154500.00    | 0.12%             | 2031-06-30      | Fixed         | 8.15%                 | No            |                  2 | On Loan: No      |
| OVINTIV INC                                                                   | CORPORATE BONDS                  | CUSIP: 292505AD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $70437.31     | 0.05%             | 2034-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| EMBARQ CORP                                                                   | CORPORATE BONDS                  | CUSIP: 29078EAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    530000 | PA      | $246450.00    | 0.19%             | 2036-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| OVINTIV INC                                                                   | CORPORATE BONDS                  | CUSIP: 292505AE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $70402.25     | 0.05%             | 2037-08-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| DCP MIDSTREAM OPERATING LP                                                    | CORPORATE BONDS                  | CUSIP: 23311RAA4<br>LEI: 549300Y6CTBSE0QIPL28 | Long             | DBT              | CORP              | US        |    485000 | PA      | $488874.31    | 0.37%             | 2037-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                                            | CORPORATE BONDS                  | CUSIP: 36186CBY8<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    730000 | PA      | $753612.78    | 0.57%             | 2031-11-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ARCELORMITTAL SA                                                              | CORPORATE BONDS                  | CUSIP: 03938LAP9<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | DBT              | CORP              | LU        |    525000 | PA      | $529818.98    | 0.40%             | 2039-10-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| APACHE CORP                                                                   | CORPORATE BONDS                  | CUSIP: 037411AW5<br>LEI: 72ZZ1XRHOOU9P9X16K08 | Long             | DBT              | CORP              | US        |    165000 | PA      | $136737.56    | 0.10%             | 2040-09-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| CF INDUSTRIES INC                                                             | CORPORATE BONDS                  | CUSIP: 12527GAD5<br>LEI: 5FVKT86LAD2F40NPC183 | Long             | DBT              | CORP              | US        |    455000 | PA      | $389264.24    | 0.30%             | 2043-06-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| FREEPORT-MCMORAN INC                                                          | CORPORATE BONDS                  | CUSIP: 35671DBC8<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |    325000 | PA      | $293163.00    | 0.22%             | 2043-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                                                           | CORPORATE BONDS                  | CUSIP: 118230AM3<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    195000 | PA      | $145290.30    | 0.11%             | 2043-11-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| COMPASS MINERALS INTERNATIONAL INC                                            | CORPORATE BONDS                  | CUSIP: 20451NAE1<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |    170000 | PA      | $163412.50    | 0.12%             | 2024-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                                                  | CORPORATE BONDS                  | CUSIP: 78454LAL4<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    285000 | PA      | $273597.32    | 0.21%             | 2025-06-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE TECHNOLOGIES LLC                                                    | CORPORATE BONDS                  | CUSIP: 20337YAA5<br>LEI: M4TWC4QDOKW45N7T6Y12 | Long             | DBT              | CORP              | US        |    116000 | PA      | $105560.00    | 0.08%             | 2025-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                             | CORPORATE BONDS                  | CUSIP: 651229AW6<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    295000 | PA      | $277534.60    | 0.21%             | 2026-04-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                                                 | CORPORATE BONDS                  | CUSIP: 25470XAY1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160000 | PA      | $129022.40    | 0.10%             | 2026-07-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BATH  AND  BODY WORKS INC                                                     | CORPORATE BONDS                  | CUSIP: 501797AM6<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |    210000 | PA      | $184569.00    | 0.14%             | 2036-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                                                  | CORPORATE BONDS                  | CUSIP: 78454LAN0<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    135000 | PA      | $131064.75    | 0.10%             | 2026-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ZIGGO BOND CO BV                                                              | CORPORATE BONDS                  | CUSIP: 98954UAB9<br>LEI: 213800JYI4P7V5QDOG59 | Long             | DBT              | CORP              | NL        |    420000 | PA      | $390776.40    | 0.30%             | 2027-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                                                           | CORPORATE BONDS                  | CUSIP: 118230AQ4<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    155000 | PA      | $138678.50    | 0.11%             | 2026-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRIES INC/NJ                                                    | CORPORATE BONDS                  | CUSIP: 853496AC1<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    265000 | PA      | $244524.26    | 0.19%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WYNN LAS VEGAS LLC / WYNN LAS VEGAS CAPITAL CORP                              | CORPORATE BONDS                  | CUSIP: 983130AX3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    370000 | PA      | $333914.22    | 0.25%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HILTON WORLDWIDE FINANCE LLC / HILTON WORLDWIDE FINANCE CORP                  | CORPORATE BONDS                  | CUSIP: 432891AK5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    365000 | PA      | $347417.17    | 0.26%             | 2027-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TALLGRASS ENERGY PARTNERS LP / TALLGRASS ENERGY FINANCE CORP                  | CORPORATE BONDS                  | CUSIP: 87470LAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    370000 | PA      | $327912.50    | 0.25%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALLISON TRANSMISSION                                                          | CORPORATE BONDS                  | CUSIP: 019736AE7<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |     61000 | PA      | $56567.68     | 0.04%             | 2027-10-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NETFLIX INC                                                                   | CORPORATE BONDS                  | CUSIP: 64110LAS5<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    120000 | PA      | $115870.36    | 0.09%             | 2028-04-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HOLDINGS II LLC                                                   | CORPORATE BONDS                  | CUSIP: 57665RAG1<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    164000 | PA      | $150880.00    | 0.11%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENDEAVOR ENERGY RESOURCES LP / EER FINANCE INC                                | CORPORATE BONDS                  | CUSIP: 29260FAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    940000 | PA      | $900068.80    | 0.68%             | 2028-01-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| JELD-WEN INC                                                                  | CORPORATE BONDS                  | CUSIP: 475795AD2<br>LEI: 549300XWE6NM0N1HFW16 | Long             | DBT              | CORP              | US        |    270000 | PA      | $203220.90    | 0.15%             | 2027-12-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRIES INC/NJ                                                    | CORPORATE BONDS                  | CUSIP: 853496AD9<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |     30000 | PA      | $26996.70     | 0.02%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ARAMARK SERVICES INC                                                          | CORPORATE BONDS                  | CUSIP: 038522AQ1<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | DBT              | CORP              | US        |    295000 | PA      | $275215.83    | 0.21%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                              | CORPORATE BONDS                  | CUSIP: 126307AS6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    300000 | PA      | $241875.00    | 0.18%             | 2028-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| NETFLIX INC                                                                   | CORPORATE BONDS                  | CUSIP: 64110LAT3<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    445000 | PA      | $451020.85    | 0.34%             | 2028-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| APACHE CORP                                                                   | CORPORATE BONDS                  | CUSIP: 037411BE4<br>LEI: 72ZZ1XRHOOU9P9X16K08 | Long             | DBT              | CORP              | US        |    535000 | PA      | $481532.58    | 0.37%             | 2028-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                                | CORPORATE BONDS                  | CUSIP: 629377CH3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    180000 | PA      | $158893.20    | 0.12%             | 2029-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTERNATIONAL/US                                                 | CORPORATE BONDS                  | CUSIP: 817565CE2<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    535000 | PA      | $501575.76    | 0.38%             | 2029-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP                                  | CORPORATE BONDS                  | CUSIP: 1248EPCB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    615000 | PA      | $556126.05    | 0.42%             | 2029-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                                      | CORPORATE BONDS                  | CUSIP: 92840VAE2<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    135000 | PA      | $121614.05    | 0.09%             | 2029-07-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING CO INC                                              | CORPORATE BONDS                  | CUSIP: 432833AF8<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    515000 | PA      | $466698.15    | 0.35%             | 2030-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| YUM! BRANDS INC                                                               | CORPORATE BONDS                  | CUSIP: 988498AL5<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |    240000 | PA      | $220200.00    | 0.17%             | 2030-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SPECTRUM BRANDS INC                                                           | CORPORATE BONDS                  | CUSIP: 84762LAV7<br>LEI: 549300VU3EH2E73C1Q04 | Long             | DBT              | CORP              | US        |    240000 | PA      | $207702.30    | 0.16%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC / WYNN RESORTS CAPITAL CORP                          | CORPORATE BONDS                  | CUSIP: 983133AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    310000 | PA      | $265710.30    | 0.20%             | 2029-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP                                  | CORPORATE BONDS                  | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    390000 | PA      | $336341.85    | 0.26%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM CORP                                                     | CORPORATE BONDS                  | CUSIP: 674599DF9<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    915000 | PA      | $933300.00    | 0.71%             | 2036-09-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM CORP                                                     | CORPORATE BONDS                  | CUSIP: 674599DJ1<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    890000 | PA      | $870950.21    | 0.66%             | 2040-03-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                          | CORPORATE BONDS                  | CUSIP: 85172FAR0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    185000 | PA      | $151311.60    | 0.11%             | 2029-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                                                  | CORPORATE BONDS                  | CUSIP: 15135BAT8<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    285000 | PA      | $260443.21    | 0.20%             | 2029-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| AMSTED INDUSTRIES INC                                                         | CORPORATE BONDS                  | CUSIP: 032177AJ6<br>LEI: N2VLGYMEEBIU3PFSUY86 | Long             | DBT              | CORP              | US        |    225000 | PA      | $191812.50    | 0.15%             | 2030-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                                                  | CORPORATE BONDS                  | CUSIP: 670001AE6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    215000 | PA      | $190611.48    | 0.14%             | 2030-01-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                                                      | CORPORATE BONDS                  | CUSIP: 26884LAG4<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    185000 | PA      | $191867.20    | 0.15%             | 2030-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS INC / SAFEWAY INC / NEW ALBERTSONS LP / ALBERTSONS LLC         | CORPORATE BONDS                  | CUSIP: 013092AE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $80321.40     | 0.06%             | 2030-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HOLDINGS II LLC                                                   | CORPORATE BONDS                  | CUSIP: 57665RAL0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |     70000 | PA      | $57145.74     | 0.04%             | 2030-08-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                                       | CORPORATE BONDS                  | CUSIP: 404119CA5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    150000 | PA      | $129371.43    | 0.10%             | 2030-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP                                  | CORPORATE BONDS                  | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    340000 | PA      | $270640.00    | 0.21%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA FINANCE PLC                                                      | CORPORATE BONDS                  | CUSIP: 92769VAJ8<br>LEI: 2138001LVYC87DDHT482 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $160412.00    | 0.12%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRIES INC/NJ                                                    | CORPORATE BONDS                  | CUSIP: 853496AG2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    220000 | PA      | $179283.41    | 0.14%             | 2030-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP                                  | CORPORATE BONDS                  | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    330000 | PA      | $264697.95    | 0.20%             | 2031-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FREEPORT-MCMORAN INC                                                          | CORPORATE BONDS                  | CUSIP: 35671DCH6<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |    165000 | PA      | $153680.09    | 0.12%             | 2030-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTERNATIONAL/US                                                 | CORPORATE BONDS                  | CUSIP: 817565CF9<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    125000 | PA      | $101613.36    | 0.08%             | 2030-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRIES INC/NJ                                                    | CORPORATE BONDS                  | CUSIP: 853496AH0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    220000 | PA      | $165550.73    | 0.13%             | 2031-01-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM CORP                                                     | CORPORATE BONDS                  | CUSIP: 674599ED3<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    235000 | PA      | $242844.30    | 0.18%             | 2030-09-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| YUM! BRANDS INC                                                               | CORPORATE BONDS                  | CUSIP: 988498AN1<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |    160000 | PA      | $134160.00    | 0.10%             | 2031-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| GARTNER INC                                                                   | CORPORATE BONDS                  | CUSIP: 366651AE7<br>LEI: PP55B5R38BFB8O8HH686 | Long             | DBT              | CORP              | US        |    355000 | PA      | $305998.41    | 0.23%             | 2030-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BATH  AND  BODY WORKS INC                                                     | CORPORATE BONDS                  | CUSIP: 501797AW4<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |    275000 | PA      | $258060.83    | 0.20%             | 2030-10-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| 1011778 BC ULC / NEW RED FINANCE INC                                          | CORPORATE BONDS                  | CUSIP: 68245XAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    215000 | PA      | $174109.15    | 0.13%             | 2030-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                                                  | CORPORATE BONDS                  | CUSIP: 15135BAW1<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    245000 | PA      | $200838.56    | 0.15%             | 2030-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ALLISON TRANSMISSION                                                          | CORPORATE BONDS                  | CUSIP: 019736AG2<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |    515000 | PA      | $423587.50    | 0.32%             | 2031-01-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA N.A.                                                          | CURRENCY FORWARDS                | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              | CORP              | US        |         1 | NC      | $104654.30    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| STATE STREET B AND T CO                                                       | CURRENCY FORWARDS                | CUSIP: N/A<br>LEI: 571474TGEMMWANRLN572       | N/A              | DFE              | CORP              | US        |         1 | NC      | $544568.03    | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY AND CO. INTERNATIONAL                                          | CURRENCY FORWARDS                | CUSIP: N/A<br>LEI: 4PQUHN3JPFGFNF3BB653       | N/A              | DFE              | CORP              | US        |         1 | NC      | $108956.63    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE INC                                                 | Credit Default Swap Basket Index | CUSIP: N/A<br>LEI: 5493004R83R1LVX2IL36       | N/A              | DCR              | CORP              | US        |   2681000 | NC      | $17426.50     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                                      | PERPETUAL BONDS                  | CUSIP: 539439AG4<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    328000 | PA      | $317897.60    | 0.24%             | 2049-04-30      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                          | PERPETUAL BONDS                  | CUSIP: 060505EL4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    130000 | PA      | $128223.13    | 0.10%             | 2024-10-23      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                          | PERPETUAL BONDS                  | CUSIP: 060505EN0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    140000 | PA      | $135100.00    | 0.10%             | 2025-03-17      | Variable      | 6.10%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                                                   | PERPETUAL BONDS                  | CUSIP: 92840MAC6<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    140000 | PA      | $127390.65    | 0.10%             | 2051-12-10      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE SA                                                           | PERPETUAL BONDS                  | CUSIP: 83370RAA6<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    260000 | PA      | $210635.56    | 0.16%             | 2050-11-18      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE SA                                                           | PERPETUAL BONDS                  | CUSIP: 83370RAB4<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    255000 | PA      | $216137.36    | 0.16%             | 2026-05-26      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                            | PERPETUAL BONDS                  | CUSIP: 29273VAJ9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    760000 | PA      | $564300.00    | 0.43%             | 2028-02-15      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| TEXAS COMPETITIVE ELECTRIC HOLDINGS CO LLC / TCEH FINANCE INC                 | RIGHTS                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     36615 | NS      | $42107.25     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| PUTNAM SHORT TERM INVESTMENT FUND                                             | SHORT TERM INV FUND              | CUSIP: 74676P664<br>LEI: 5493003MK0Q7JP8CPP42 | Long             | STIV             | PF                | US        |   6780708 | NS      | $6780708.00   | 5.14%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA                                                      | U.S. T BILLS                     | CUSIP: 912796ZL6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    300000 | PA      | $299327.87    | 0.23%             | 2023-01-24      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| GUARANTEED RATE INC                                                           | WARRANTS                         | CUSIP: N/A<br>LEI: 549300U3721PJGQZYY68       | Long             | DE               | CORP              | US        |       188 | NS      | $1.88         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-24

**Name of Applicant:** Putnam Investments Inc

**Signature:** Janet C. Smith

**Name of Signer:** NPORT

**Title:** Principal Financial Officer