# EDGAR Filing Document

**Accession Number:** 0000053808
**File Stem:** 0000940400-25-011060
**Filing Date:** 2025-11
**Character Count:** 216546
**Document Hash:** 06637213361d45ad4e6bc520b8e07ded
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-011060.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0000940400-25-011060

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BNY Mellon Investment Funds III
- **CENTRAL INDEX KEY:** 0000053808

**ORGANIZATION NAME:**
- **EIN:** 042694144
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-00524
- **FILM NUMBER:** 251529569

**BUSINESS ADDRESS:**
- **STREET 1:** C/O BNY MELLON INVESTMENT ADVISER, INC.
- **STREET 2:** 240 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10286
- **BUSINESS PHONE:** 2129226400

**MAIL ADDRESS:**
- **STREET 1:** C/O BNY MELLON INVESTMENT ADVISER, INC.
- **STREET 2:** 240 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10286

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DREYFUS/LAUREL FUNDS TRUST
- **DATE OF NAME CHANGE:** 20181030

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DREYFUS LAUREL FUNDS TRUST
- **DATE OF NAME CHANGE:** 19941122

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LAUREL FUNDS TRUST
- **DATE OF NAME CHANGE:** 19940202

## Series and Classes Contracts Data

### BNY Mellon High Yield Fund (Series ID: S000000317)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000000790 | Class A      | DPLTX           |
| C000000792 | Class C      | PTHIX           |
| C000000793 | Class I      | DLHRX           |

## Nport-Ex

BNY Mellon High Yield Fund

SCHEDULE OF INVESTMENTS

September 30, 2025 (Unaudited)

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description |  | Coupon <br>Rate (%)<br>| Maturity <br>Date<br>| Principal <br>Amount ($)<sup>(a)</sup> <br>| Value ($) |
| **Bonds and Notes — 90.1%** | **Bonds and Notes — 90.1%** | **Bonds and Notes — 90.1%** | **Bonds and Notes — 90.1%** | **Bonds and Notes — 90.1%** | **Bonds and Notes — 90.1%** |
| **Advertising — .5%** | **Advertising — .5%** | **Advertising — .5%** | **Advertising — .5%** | **Advertising — .5%** | **Advertising — .5%** |
| Dotdash Meredith, Inc., Sr. Scd. Bonds<sup>(b)</sup> <br>|  | 7.63 | 6/15/2032 | 1196000 | 1185894 |
| Neptune Bidco US, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 9.29 | 4/15/2029 | 1284000 | 1261658 |
|  |  |  |  |  | **2447552** |
| **Aerospace & Defense — 2.9%** | **Aerospace & Defense — 2.9%** | **Aerospace & Defense — 2.9%** | **Aerospace & Defense — 2.9%** | **Aerospace & Defense — 2.9%** | **Aerospace & Defense — 2.9%** |
| AAR Escrow Issuer LLC, Gtd. Notes<sup>(b)</sup> <br>|  | 6.75 | 3/15/2029 | 2146000 | 2210680 |
| Bombardier, Inc., Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 6.75 | 6/15/2033 | 1564000 | 1634080 |
| Goat Holdco LLC, Sr. Scd. Notes<sup>(b),(c)</sup> <br>|  | 6.75 | 2/1/2032 | 2711000 | 2781201 |
| TransDigm, Inc., Gtd. Notes<sup>(b)</sup> <br>|  | 6.38 | 5/31/2033 | 1625000 | 1647332 |
| TransDigm, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 6.38 | 3/1/2029 | 2205000 | 2257150 |
| TransDigm, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 6.88 | 12/15/2030 | 3130000 | 3245904 |
| TransDigm, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 7.13 | 12/1/2031 | 467000 | 487707 |
|  |  |  |  |  | **14264054** |
| **Airlines — 1.3%** | **Airlines — 1.3%** | **Airlines — 1.3%** | **Airlines — 1.3%** | **Airlines — 1.3%** | **Airlines — 1.3%** |
| American Airlines, Inc./AAdvantage Loyalty IP Ltd., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 5.75 | 4/20/2029 | 2317451 | 2328054 |
| JetBlue Airways Corp./JetBlue Loyalty LP, Sr. Scd. Notes<sup>(b),(c)</sup> <br>|  | 9.88 | 9/20/2031 | 2145000 | 2177448 |
| United Airlines, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 4.63 | 4/15/2029 | 1871000 | 1843765 |
|  |  |  |  |  | **6349267** |
| **Automobiles & Components — 1.6%** | **Automobiles & Components — 1.6%** | **Automobiles & Components — 1.6%** | **Automobiles & Components — 1.6%** | **Automobiles & Components — 1.6%** | **Automobiles & Components — 1.6%** |
| Clarios Global LP/Clarios US Finance Co., Gtd. Notes<sup>(b)</sup> <br>|  | 6.75 | 9/15/2032 | 596000 | 609580 |
| Clarios Global LP/Clarios US Finance Co., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 6.75 | 5/15/2028 | 1470000 | 1503607 |
| Clarios Global LP/Clarios US Finance Co., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 6.75 | 2/15/2030 | 1235000 | 1276749 |
| Forvia SE, Sr. Unscd. Notes<sup>(b),(c)</sup> <br>|  | 6.75 | 9/15/2033 | 1128000 | 1145127 |
| Nissan Motor Co. Ltd., Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 4.35 | 9/17/2027 | 909000 | 892535 |
| Nissan Motor Co. Ltd., Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 7.50 | 7/17/2030 | 641000 | 673195 |
| Qnity Electronics, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 5.75 | 8/15/2032 | 960000 | 968522 |
| Qnity Electronics, Inc., Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 6.25 | 8/15/2033 | 669000 | 684010 |
|  |  |  |  |  | **7753325** |
| **Banks — .5%** | **Banks — .5%** | **Banks — .5%** | **Banks — .5%** | **Banks — .5%** | **Banks — .5%** |
| Citigroup, Inc., Jr. Sub. Notes, Ser. X<sup>(d)</sup> <br>|  | 3.88 | 2/18/2026 | 2614000 | **2592740** |
| **Building Materials — 2.7%** | **Building Materials — 2.7%** | **Building Materials — 2.7%** | **Building Materials — 2.7%** | **Building Materials — 2.7%** | **Building Materials — 2.7%** |
| Builders FirstSource, Inc., Gtd. Notes<sup>(b)</sup> <br>|  | 4.25 | 2/1/2032 | 1482000 | 1394966 |
| Camelot Return Merger Sub, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 8.75 | 8/1/2028 | 2402000 | 2326205 |
| Cornerstone Building Brands, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 9.50 | 8/15/2029 | 765000 | 744039 |
| EMRLD Borrower LP/Emerald Co-Issuer, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 6.63 | 12/15/2030 | 3180000 | 3272853 |
| MIWD Holdco II LLC/MIWD Finance Corp., Gtd. Notes<sup>(b),(c)</sup> <br>|  | 5.50 | 2/1/2030 | 1520000 | 1484452 |
| Quikrete Holdings, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 6.38 | 3/1/2032 | 1756000 | 1820312 |
| Quikrete Holdings, Inc., Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 6.75 | 3/1/2033 | 350000 | 364157 |
| Standard Industries, Inc., Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 4.75 | 1/15/2028 | 1834000 | 1819737 |
|  |  |  |  |  | **13226721** |
| **Chemicals — 1.6%** | **Chemicals — 1.6%** | **Chemicals — 1.6%** | **Chemicals — 1.6%** | **Chemicals — 1.6%** | **Chemicals — 1.6%** |
| Inversion Escrow Issuer LLC, Sr. Scd. Notes<sup>(b)</sup> <br>|  | 6.75 | 8/1/2032 | 970000 | 956167 |
| Olympus Water US Holding Corp., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 7.25 | 2/15/2033 | 1224000 | 1226040 |
| Olympus Water US Holding Corp., Sr. Scd. Notes<sup>(b)</sup> <br>| EUR | 9.63 | 11/15/2028 | 640000 | 788450 |
| Olympus Water US Holding Corp., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 9.75 | 11/15/2028 | 963000 | 1011270 |
| Rain Carbon, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 12.25 | 9/1/2029 | 1551000 | 1662855 |
| WR Grace Holdings LLC, Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 5.63 | 8/15/2029 | 2253000 | 2095938 |
|  |  |  |  |  | **7740720** |

---

**3**

------

*SCHEDULE OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description |  | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<sup>(a)</sup><br>| Value ($) |
| **Bonds and Notes — 90.1% (continued)** | **Bonds and Notes — 90.1% (continued)** | **Bonds and Notes — 90.1% (continued)** | **Bonds and Notes — 90.1% (continued)** | **Bonds and Notes — 90.1% (continued)** | **Bonds and Notes — 90.1% (continued)** |
| **Collateralized Loan Obligations Debt — 1.5%** | **Collateralized Loan Obligations Debt — 1.5%** | **Collateralized Loan Obligations Debt — 1.5%** | **Collateralized Loan Obligations Debt — 1.5%** | **Collateralized Loan Obligations Debt — 1.5%** | **Collateralized Loan Obligations Debt — 1.5%** |
| Ares European XII DAC CLO, Ser. 12A, Cl. E, (3 Month EURIBOR +6.10%)<sup>(b),(e)</sup> <br>| EUR | 8.12 | 4/20/2032 | 1450000 | 1708373 |
| ASSURANT II Ltd. CLO, Ser. 2018-2A, Cl. E, (3 Month TSFR +5.86%)<sup>(b),(e)</sup> <br>|  | 10.19 | 4/20/2031 | 800000 | 800299 |
| &nbsp;&nbsp;&nbsp; Diameter Capital 3 Ltd. CLO, Ser. 2022-3A, Cl. DR, (3 Month TSFR <br> +5.25%)<sup>(b),(e)</sup> <br>|  | 9.57 | 1/15/2038 | 800000 | 813706 |
| &nbsp;&nbsp;&nbsp; Palmer Square Loan Funding Ltd. CLO, Ser. 2022-3A, Cl. DR, (3 Month TSFR <br> +5.90%)<sup>(b),(e)</sup> <br>|  | 10.22 | 4/15/2031 | 800000 | 803463 |
| Rockford Tower Ltd. CLO, Ser. 2022-2A, Cl. ER, (3 Month TSFR +8.12%)<sup>(b),(e)</sup> <br>|  | 12.45 | 10/20/2035 | 750000 | 744470 |
| St. Pauls CLO, Ser. 11A, Cl. E, (3 Month EURIBOR +6.00%)<sup>(b),(e)</sup> <br>| EUR | 8.04 | 1/17/2032 | 1000000 | 1176072 |
| Trimaran Cavu Ltd. CLO, Ser. 2019-1A, Cl. ER, (3 Month TSFR +6.00%)<sup>(b),(e)</sup> <br>|  | 10.33 | 1/20/2037 | 1400000 | 1398392 |
|  |  |  |  |  | **7444775** |
| **Commercial & Professional Services — 3.7%** | **Commercial & Professional Services — 3.7%** | **Commercial & Professional Services — 3.7%** | **Commercial & Professional Services — 3.7%** | **Commercial & Professional Services — 3.7%** | **Commercial & Professional Services — 3.7%** |
| Albion Financing 1 Sarl/Aggreko Holdings, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 7.00 | 5/21/2030 | 1968000 | 2040422 |
| Allied Universal Holdco LLC/Allied Universal Finance Corp., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 6.88 | 6/15/2030 | 1010000 | 1038972 |
| &nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco <br> 4 Sarl, Sr. Scd. Notes<sup>(b)</sup> <br>|  | 4.63 | 6/1/2028 | 880000 | 863313 |
| Belron UK Finance PLC, Sr. Scd. Notes<sup>(b),(c)</sup> <br>|  | 5.75 | 10/15/2029 | 1777000 | 1801770 |
| House of HR Group BV, Sr. Scd. Bonds<sup>(b)</sup> <br>| EUR | 9.00 | 11/3/2029 | 700000 | 814896 |
| ION Platform Finance US, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 7.88 | 9/30/2032 | 978000 | 971575 |
| Raven Acquisition Holdings LLC, Sr. Scd. Notes<sup>(b)</sup> <br>|  | 6.88 | 11/15/2031 | 2186000 | 2251947 |
| The ADT Security Corp., Sr. Scd. Bonds<sup>(b)</sup> <br>|  | 5.88 | 10/15/2033 | 1214000 | 1214000 |
| The ADT Security Corp., Sr. Scd. Notes<sup>(b),(c)</sup> <br>|  | 4.88 | 7/15/2032 | 1035000 | 1003683 |
| United Rentals North America, Inc., Gtd. Notes<sup>(c)</sup> <br>|  | 3.75 | 1/15/2032 | 1031000 | 955862 |
| United Rentals North America, Inc., Gtd. Notes |  | 4.00 | 7/15/2030 | 904000 | 865529 |
| Veritiv Operating Co., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 10.50 | 11/30/2030 | 1068000 | 1147542 |
| Wand NewCo 3, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 7.63 | 1/30/2032 | 2676000 | 2821574 |
|  |  |  |  |  | **17791085** |
| **Consumer Discretionary — 6.3%** | **Consumer Discretionary — 6.3%** | **Consumer Discretionary — 6.3%** | **Consumer Discretionary — 6.3%** | **Consumer Discretionary — 6.3%** | **Consumer Discretionary — 6.3%** |
| Allwyn Entertainment Financing UK PLC, Sr. Scd. Notes<sup>(b)</sup> <br>|  | 7.88 | 4/30/2029 | 1480000 | 1536754 |
| Caesars Entertainment, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 7.00 | 2/15/2030 | 1185000 | 1219652 |
| Carnival Corp., Gtd. Notes<sup>(b)</sup> <br>|  | 5.75 | 8/1/2032 | 1310000 | 1334796 |
| Carnival Corp., Gtd. Notes<sup>(b)</sup> <br>|  | 6.13 | 2/15/2033 | 3292000 | 3376492 |
| Dealer Tire LLC/DT Issuer LLC, Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 8.00 | 2/1/2028 | 1243000 | 1230425 |
| Hilton Domestic Operating Co., Inc., Gtd. Notes<sup>(b)</sup> <br>|  | 4.00 | 5/1/2031 | 1650000 | 1562708 |
| Light & Wonder International, Inc., Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 6.25 | 10/1/2033 | 1731000 | 1735102 |
| &nbsp;&nbsp;&nbsp; Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp., Sr. Scd. <br> Notes<sup>(b)</sup> <br>|  | 4.88 | 5/1/2029 | 1834000 | 1784061 |
| &nbsp;&nbsp;&nbsp; Mohegan Tribal Gaming Authority/MS Digital Entertainment Holdings LLC, <br> Sr. Scd. Notes<sup>(b)</sup> <br>|  | 8.25 | 4/15/2030 | 1482000 | 1540961 |
| NCL Corp. Ltd., Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 5.88 | 1/15/2031 | 946000 | 946646 |
| NCL Corp. Ltd., Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 6.75 | 2/1/2032 | 1708000 | 1757629 |
| NCL Finance Ltd., Gtd. Notes<sup>(b)</sup> <br>|  | 6.13 | 3/15/2028 | 830000 | 848681 |
| Resideo Funding, Inc., Gtd. Notes<sup>(b),(c)</sup> <br>|  | 4.00 | 9/1/2029 | 1592000 | 1522135 |
| &nbsp;&nbsp;&nbsp; Rivers Enterprise Lender LLC/Rivers Enterprise Lender Corp., Sr. Scd. <br> Notes<sup>(b)</sup> <br>|  | 6.25 | 10/15/2030 | 623000 | 628944 |
| Royal Caribbean Cruises Ltd., Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 6.00 | 2/1/2033 | 3021000 | 3099186 |
| &nbsp;&nbsp;&nbsp; Scientific Games Holdings LP/Scientific Games US FinCo, Inc., Sr. Unscd. <br> Notes<sup>(b)</sup> <br>|  | 6.63 | 3/1/2030 | 1280000 | 1190941 |
| Station Casinos LLC, Gtd. Notes<sup>(b),(c)</sup> <br>|  | 4.63 | 12/1/2031 | 1640000 | 1548480 |
| Viking Cruises Ltd., Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 5.88 | 10/15/2033 | 938000 | 939831 |
| Warnermedia Holdings, Inc., Gtd. Notes<sup>(c)</sup> <br>|  | 4.28 | 3/15/2032 | 1188000 | 1089990 |

---

**4**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description |  | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<sup>(a)</sup><br>| Value ($) |
| **Bonds and Notes — 90.1% (continued)** | **Bonds and Notes — 90.1% (continued)** | **Bonds and Notes — 90.1% (continued)** | **Bonds and Notes — 90.1% (continued)** | **Bonds and Notes — 90.1% (continued)** | **Bonds and Notes — 90.1% (continued)** |
| **Consumer Discretionary — 6.3% (continued)** | **Consumer Discretionary — 6.3% (continued)** | **Consumer Discretionary — 6.3% (continued)** | **Consumer Discretionary — 6.3% (continued)** | **Consumer Discretionary — 6.3% (continued)** | **Consumer Discretionary — 6.3% (continued)** |
| Warnermedia Holdings, Inc., Gtd. Notes |  | 5.05 | 3/15/2042 | 1140000 | 910797 |
| Windsor Holdings III LLC, Sr. Scd. Notes<sup>(b)</sup> <br>|  | 8.50 | 6/15/2030 | 916000 | 969457 |
|  |  |  |  |  | **30773668** |
| **Consumer Durables & Apparel — .7%** | **Consumer Durables & Apparel — .7%** | **Consumer Durables & Apparel — .7%** | **Consumer Durables & Apparel — .7%** | **Consumer Durables & Apparel — .7%** | **Consumer Durables & Apparel — .7%** |
| Beach Acquisition Bidco LLC, Sr. Scd. Bonds<sup>(b)</sup> <br>| EUR | 5.25 | 7/15/2032 | 860000 | 1037473 |
| Beach Acquisition Bidco LLC, Sr. Unscd. Notes<sup>(b),(f)</sup> <br>|  | 10.00 | 7/15/2033 | 1158000 | 1251986 |
| S&S Holdings LLC, Sr. Scd. Notes<sup>(b)</sup> <br>|  | 8.38 | 10/1/2031 | 1100000 | 1079368 |
|  |  |  |  |  | **3368827** |
| **Diversified Financials — 5.3%** | **Diversified Financials — 5.3%** | **Diversified Financials — 5.3%** | **Diversified Financials — 5.3%** | **Diversified Financials — 5.3%** | **Diversified Financials — 5.3%** |
| Encore Capital Group, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 8.50 | 5/15/2030 | 2201000 | 2339214 |
| Icahn Enterprises LP/Icahn Enterprises Finance Corp., Sr. Scd. Notes |  | 9.75 | 1/15/2029 | 1209000 | 1221695 |
| Icahn Enterprises LP/Icahn Enterprises Finance Corp., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 10.00 | 11/15/2029 | 983000 | 988571 |
| Jane Street Group/JSG Finance, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 6.13 | 11/1/2032 | 2056000 | 2085420 |
| Jane Street Group/JSG Finance, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 7.13 | 4/30/2031 | 2369000 | 2486685 |
| OneMain Finance Corp., Gtd. Notes |  | 7.50 | 5/15/2031 | 609000 | 637161 |
| OneMain Finance Corp., Gtd. Notes |  | 7.88 | 3/15/2030 | 1098000 | 1162727 |
| Osaic Holdings, Inc., Gtd. Notes<sup>(b)</sup> <br>|  | 8.00 | 8/1/2033 | 1180000 | 1223952 |
| PennyMac Financial Services, Inc., Gtd. Notes<sup>(b)</sup> <br>|  | 6.75 | 2/15/2034 | 1409000 | 1438450 |
| PennyMac Financial Services, Inc., Gtd. Notes<sup>(b)</sup> <br>|  | 7.13 | 11/15/2030 | 1081000 | 1126566 |
| PHH Escrow Issuer LLC/PHH Corp., Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 9.88 | 11/1/2029 | 1225000 | 1242750 |
| Rocket Cos., Inc., Gtd. Notes<sup>(b)</sup> <br>|  | 6.13 | 8/1/2030 | 966000 | 992135 |
| Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., Gtd. Notes<sup>(b),(c)</sup> <br>|  | 4.00 | 10/15/2033 | 1743000 | 1593126 |
| UWM Holdings LLC, Gtd. Notes<sup>(b)</sup> <br>|  | 6.25 | 3/15/2031 | 1259000 | 1253791 |
| UWM Holdings LLC, Gtd. Notes<sup>(b)</sup> <br>|  | 6.63 | 2/1/2030 | 1706000 | 1736986 |
| VFH Parent LLC/Valor Co-Issuer, Inc., Sr. Scd. Bonds<sup>(b)</sup> <br>|  | 7.50 | 6/15/2031 | 3903000 | 4039269 |
|  |  |  |  |  | **25568498** |
| **Electronic Components — .3%** | **Electronic Components — .3%** | **Electronic Components — .3%** | **Electronic Components — .3%** | **Electronic Components — .3%** | **Electronic Components — .3%** |
| WESCO Distribution, Inc., Gtd. Notes<sup>(b)</sup> <br>|  | 6.38 | 3/15/2033 | 1247000 | **1293561** |
| **Energy — 10.0%** | **Energy — 10.0%** | **Energy — 10.0%** | **Energy — 10.0%** | **Energy — 10.0%** | **Energy — 10.0%** |
| Aethon United BR LP/Aethon United Finance Corp., Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 7.50 | 10/1/2029 | 1485000 | 1549807 |
| Aris Water Holdings LLC, Gtd. Notes<sup>(b),(c)</sup> <br>|  | 7.25 | 4/1/2030 | 2315000 | 2445852 |
| BKV Upstream Midstream LLC, Gtd. Notes<sup>(b)</sup> <br>|  | 7.50 | 10/15/2030 | 1575000 | 1575064 |
| Blue Racer Midstream LLC/Blue Racer Finance Corp., Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 7.00 | 7/15/2029 | 1092000 | 1133171 |
| Comstock Resources, Inc., Gtd. Notes<sup>(b)</sup> <br>|  | 5.88 | 1/15/2030 | 1501000 | 1446739 |
| Comstock Resources, Inc., Gtd. Notes<sup>(b)</sup> <br>|  | 6.75 | 3/1/2029 | 1631000 | 1629470 |
| CQP Holdco LP/BIP-V Chinook Holdco LLC, Sr. Scd. Notes<sup>(b)</sup> <br>|  | 5.50 | 6/15/2031 | 2377000 | 2356461 |
| Energy Transfer LP, Jr. Sub. Notes, Ser. B<sup>(c),(d)</sup> <br>|  | 6.63 | 2/15/2028 | 3318000 | 3316222 |
| Gulfport Energy Operating Corp., Gtd. Notes<sup>(b)</sup> <br>|  | 6.75 | 9/1/2029 | 2929000 | 3009382 |
| Matador Resources Co., Gtd. Notes<sup>(b)</sup> <br>|  | 6.50 | 4/15/2032 | 1449000 | 1463880 |
| Moss Creek Resources Holdings, Inc., Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 8.25 | 9/1/2031 | 1376000 | 1349358 |
| Noble Finance II LLC, Gtd. Notes<sup>(b)</sup> <br>|  | 8.00 | 4/15/2030 | 1315000 | 1362082 |
| Northern Oil & Gas, Inc., Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 7.88 | 10/15/2033 | 790000 | 787368 |
| Northern Oil & Gas, Inc., Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 8.13 | 3/1/2028 | 1454000 | 1479545 |
| Northern Oil & Gas, Inc., Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 8.75 | 6/15/2031 | 2523000 | 2609652 |
| Northriver Midstream Finance LP, Sr. Scd. Notes<sup>(b)</sup> <br>|  | 6.75 | 7/15/2032 | 1573000 | 1609613 |
| Rockies Express Pipeline LLC, Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 4.80 | 5/15/2030 | 2199000 | 2148671 |
| SM Energy Co., Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 6.75 | 8/1/2029 | 1694000 | 1703441 |
| TGNR Intermediate Holdings LLC, Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 5.50 | 10/15/2029 | 4129000 | 4043610 |
| Venture Global Calcasieu Pass LLC, Sr. Scd. Notes<sup>(b)</sup> <br>|  | 4.13 | 8/15/2031 | 3068000 | 2897797 |
| Venture Global LNG, Inc., Jr. Sub. Notes<sup>(b),(c),(d)</sup> <br>|  | 9.00 | 9/30/2029 | 2854000 | 2830539 |

---

**5**

------

*SCHEDULE OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description |  | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<sup>(a)</sup><br>| Value ($) |
| **Bonds and Notes — 90.1% (continued)** | **Bonds and Notes — 90.1% (continued)** | **Bonds and Notes — 90.1% (continued)** | **Bonds and Notes — 90.1% (continued)** | **Bonds and Notes — 90.1% (continued)** | **Bonds and Notes — 90.1% (continued)** |
| **Energy — 10.0% (continued)** | **Energy — 10.0% (continued)** | **Energy — 10.0% (continued)** | **Energy — 10.0% (continued)** | **Energy — 10.0% (continued)** | **Energy — 10.0% (continued)** |
| Venture Global LNG, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 8.13 | 6/1/2028 | 732000 | 758184 |
| Venture Global Plaquemines LNG LLC, Sr. Scd. Notes<sup>(b)</sup> <br>|  | 6.50 | 1/15/2034 | 3096000 | 3260962 |
| WBI Operating LLC, Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 6.50 | 10/15/2033 | 1968000 | 1968000 |
|  |  |  |  |  | **48734870** |
| **Environmental Control — .8%** | **Environmental Control — .8%** | **Environmental Control — .8%** | **Environmental Control — .8%** | **Environmental Control — .8%** | **Environmental Control — .8%** |
| Madison IAQ LLC, Sr. Scd. Notes<sup>(b)</sup> <br>|  | 4.13 | 6/30/2028 | 1984000 | 1938121 |
| Waste Pro USA, Inc., Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 7.00 | 2/1/2033 | 1964000 | 2039215 |
|  |  |  |  |  | **3977336** |
| **Food Products — 2.6%** | **Food Products — 2.6%** | **Food Products — 2.6%** | **Food Products — 2.6%** | **Food Products — 2.6%** | **Food Products — 2.6%** |
| Bellis Acquisition Co. PLC, Sr. Scd. Bonds<sup>(b)</sup> <br>| GBP | 8.13 | 5/14/2030 | 880000 | 1134083 |
| Fiesta Purchaser, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 7.88 | 3/1/2031 | 1008000 | 1065081 |
| Fiesta Purchaser, Inc., Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 9.63 | 9/15/2032 | 1625000 | 1758400 |
| Froneri Lux FinCo Sarl, Sr. Scd. Notes<sup>(b)</sup> <br>|  | 6.00 | 8/1/2032 | 1710000 | 1714120 |
| Post Holdings, Inc., Gtd. Notes<sup>(b)</sup> <br>|  | 4.63 | 4/15/2030 | 2176000 | 2100204 |
| Post Holdings, Inc., Gtd. Notes<sup>(b)</sup> <br>|  | 5.50 | 12/15/2029 | 1400000 | 1395924 |
| Post Holdings, Inc., Gtd. Notes<sup>(b)</sup> <br>|  | 6.38 | 3/1/2033 | 851000 | 861049 |
| &nbsp;&nbsp;&nbsp; Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, <br> Inc./Simmons Feed, Scd. Notes<sup>(b)</sup> <br>|  | 4.63 | 3/1/2029 | 2824000 | 2711572 |
|  |  |  |  |  | **12740433** |
| **Forest Products & Paper — .1%** | **Forest Products & Paper — .1%** | **Forest Products & Paper — .1%** | **Forest Products & Paper — .1%** | **Forest Products & Paper — .1%** | **Forest Products & Paper — .1%** |
| Mercer International, Inc., Sr. Unscd. Notes<sup>(b),(c)</sup> <br>|  | 12.88 | 10/1/2028 | 490000 | **446540** |
| **Health Care — 7.1%** | **Health Care — 7.1%** | **Health Care — 7.1%** | **Health Care — 7.1%** | **Health Care — 7.1%** | **Health Care — 7.1%** |
| 1261229 BC Ltd., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 10.00 | 4/15/2032 | 2588000 | 2654879 |
| Bausch Health Americas, Inc., Gtd. Notes<sup>(b)</sup> <br>|  | 8.50 | 1/31/2027 | 644000 | 638172 |
| Bausch Health Cos., Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 11.00 | 9/30/2028 | 1392000 | 1448987 |
| Centene Corp., Sr. Unscd. Notes |  | 4.63 | 12/15/2029 | 1771000 | 1718279 |
| Cheplapharm Arzneimittel GmbH, Sr. Scd. Notes<sup>(b)</sup> <br>|  | 5.50 | 1/15/2028 | 566000 | 553251 |
| CHS/Community Health Systems, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 5.25 | 5/15/2030 | 565000 | 511635 |
| CHS/Community Health Systems, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 9.75 | 1/15/2034 | 942000 | 966257 |
| CHS/Community Health Systems, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 10.88 | 1/15/2032 | 2694000 | 2856575 |
| Insulet Corp., Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 6.50 | 4/1/2033 | 1184000 | 1231990 |
| IQVIA, Inc., Gtd. Notes<sup>(b)</sup> <br>|  | 6.25 | 6/1/2032 | 1306000 | 1344385 |
| LifePoint Health, Inc., Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 10.00 | 6/1/2032 | 1020000 | 1072233 |
| Medline Borrower LP, Sr. Scd. Notes<sup>(b)</sup> <br>|  | 3.88 | 4/1/2029 | 2094000 | 2021085 |
| Medline Borrower LP, Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 5.25 | 10/1/2029 | 1014000 | 1005983 |
| Medline Borrower LP/Medline Co-Issuer, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 6.25 | 4/1/2029 | 1758000 | 1804859 |
| Option Care Health, Inc., Gtd. Notes<sup>(b)</sup> <br>|  | 4.38 | 10/31/2029 | 2344000 | 2262723 |
| Organon & Co./Organon Foreign Debt Co-Issuer BV, Sr. Scd. Notes<sup>(b),(c)</sup> <br>|  | 6.75 | 5/15/2034 | 1172000 | 1125280 |
| Radiology Partners, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 8.50 | 7/15/2032 | 1598000 | 1655666 |
| Select Medical Corp., Gtd. Notes<sup>(b),(c)</sup> <br>|  | 6.25 | 12/1/2032 | 810000 | 811093 |
| Sotera Health Holdings LLC, Sr. Scd. Notes<sup>(b)</sup> <br>|  | 7.38 | 6/1/2031 | 1479000 | 1554825 |
| Team Health Holdings, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 8.38 | 6/30/2028 | 220000 | 224932 |
| Tenet Healthcare Corp., Sr. Scd. Notes |  | 4.25 | 6/1/2029 | 875000 | 855269 |
| Tenet Healthcare Corp., Sr. Scd. Notes |  | 4.63 | 6/15/2028 | 1515000 | 1502509 |
| Tenet Healthcare Corp., Sr. Scd. Notes |  | 6.13 | 6/15/2030 | 1132000 | 1147856 |
| Tenet Healthcare Corp., Sr. Scd. Notes<sup>(c)</sup> <br>|  | 6.75 | 5/15/2031 | 2050000 | 2123951 |
| US Acute Care Solutions LLC, Sr. Scd. Notes<sup>(b)</sup> <br>|  | 9.75 | 5/15/2029 | 1193000 | 1223102 |
|  |  |  |  |  | **34315776** |
| **Industrial — 2.0%** | **Industrial — 2.0%** | **Industrial — 2.0%** | **Industrial — 2.0%** | **Industrial — 2.0%** | **Industrial — 2.0%** |
| Arcosa, Inc., Gtd. Notes<sup>(b)</sup> <br>|  | 6.88 | 8/15/2032 | 1240000 | 1296194 |

---

**6**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description |  | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<sup>(a)</sup><br>| Value ($) |
| **Bonds and Notes — 90.1% (continued)** | **Bonds and Notes — 90.1% (continued)** | **Bonds and Notes — 90.1% (continued)** | **Bonds and Notes — 90.1% (continued)** | **Bonds and Notes — 90.1% (continued)** | **Bonds and Notes — 90.1% (continued)** |
| **Industrial — 2.0% (continued)** | **Industrial — 2.0% (continued)** | **Industrial — 2.0% (continued)** | **Industrial — 2.0% (continued)** | **Industrial — 2.0% (continued)** | **Industrial — 2.0% (continued)** |
| Artera Services LLC, Sr. Scd. Notes<sup>(b),(c)</sup> <br>|  | 8.50 | 2/15/2031 | 935000 | 826982 |
| Chart Industries, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 7.50 | 1/1/2030 | 1167000 | 1215996 |
| CTEC II GmbH, Sr. Unscd. Bonds<sup>(b)</sup> <br>| EUR | 5.25 | 2/15/2030 | 909000 | 994352 |
| Dycom Industries, Inc., Gtd. Notes<sup>(b)</sup> <br>|  | 4.50 | 4/15/2029 | 2389000 | 2335365 |
| GrafTech Finance, Inc., Scd. Notes<sup>(b)</sup> <br>|  | 4.63 | 12/23/2029 | 1850000 | 1304836 |
| GrafTech Global Enterprises, Inc., Scd. Notes<sup>(b)</sup> <br>|  | 9.88 | 12/23/2029 | 338000 | 289835 |
| &nbsp;&nbsp;&nbsp; Husky Injection Molding Systems Ltd./Titan Co-Borrower LLC, Sr. Scd. <br> Notes<sup>(b)</sup> <br>|  | 9.00 | 2/15/2029 | 1295000 | 1355141 |
|  |  |  |  |  | **9618701** |
| **Information Technology — 4.3%** | **Information Technology — 4.3%** | **Information Technology — 4.3%** | **Information Technology — 4.3%** | **Information Technology — 4.3%** | **Information Technology — 4.3%** |
| AthenaHealth Group, Inc., Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 6.50 | 2/15/2030 | 4690000 | 4655636 |
| Cloud Software Group, Inc., Scd. Notes<sup>(b)</sup> <br>|  | 9.00 | 9/30/2029 | 1413000 | 1467176 |
| Cloud Software Group, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 6.50 | 3/31/2029 | 1778000 | 1795994 |
| CoreLogic, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 4.50 | 5/1/2028 | 2405000 | 2339650 |
| CoreWeave, Inc., Gtd. Notes<sup>(b)</sup> <br>|  | 9.25 | 6/1/2030 | 1341000 | 1386599 |
| Elastic NV, Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 4.13 | 7/15/2029 | 2965000 | 2849627 |
| Ellucian Holdings, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 6.50 | 12/1/2029 | 1665000 | 1695666 |
| SS&C Technologies, Inc., Gtd. Notes<sup>(b)</sup> <br>|  | 6.50 | 6/1/2032 | 1011000 | 1046362 |
| UKG, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 6.88 | 2/1/2031 | 3557000 | 3672923 |
|  |  |  |  |  | **20909633** |
| **Insurance — 4.9%** | **Insurance — 4.9%** | **Insurance — 4.9%** | **Insurance — 4.9%** | **Insurance — 4.9%** | **Insurance — 4.9%** |
| Acrisure LLC/Acrisure Finance, Inc., Sr. Scd. Bonds<sup>(b)</sup> <br>|  | 6.75 | 7/1/2032 | 2039000 | 2101198 |
| Acrisure LLC/Acrisure Finance, Inc., Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 8.25 | 2/1/2029 | 1596000 | 1667017 |
| &nbsp;&nbsp;&nbsp; Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, Sr. Scd. <br> Notes<sup>(b)</sup> <br>|  | 6.75 | 4/15/2028 | 1520000 | 1548150 |
| &nbsp;&nbsp;&nbsp; Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, Sr. Scd. <br> Notes<sup>(b)</sup> <br>|  | 7.00 | 1/15/2031 | 2779000 | 2873537 |
| &nbsp;&nbsp;&nbsp; Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, Sr. Unscd. <br> Notes<sup>(b)</sup> <br>|  | 7.38 | 10/1/2032 | 1116000 | 1151357 |
| &nbsp;&nbsp;&nbsp; APH Somerset Investor 2 LLC/APH2 Somerset Investor <br> 2 LLC/APH3 Somerset Investor 2 LLC, Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 7.88 | 11/1/2029 | 1075000 | 1122784 |
| Ardonagh Finco Ltd., Sr. Scd. Bonds<sup>(b)</sup> <br>| EUR | 6.88 | 2/15/2031 | 1020000 | 1242750 |
| Ardonagh Finco Ltd., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 7.75 | 2/15/2031 | 2797000 | 2928932 |
| Ardonagh Group Finance Ltd., Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 8.88 | 2/15/2032 | 1478000 | 1554981 |
| Global Atlantic Fin Co., Gtd. Notes<sup>(b),(c)</sup> <br>|  | 7.95 | 6/15/2033 | 1318000 | 1528468 |
| &nbsp;&nbsp;&nbsp; Howden UK Refinance PLC/Howden UK Refinance 2 PLC/Howden US <br> Refinance LLC, Sr. Scd. Notes<sup>(b)</sup> <br>|  | 7.25 | 2/15/2031 | 843000 | 868586 |
| &nbsp;&nbsp;&nbsp; Howden UK Refinance PLC/Howden UK Refinance 2 PLC/Howden US <br> Refinance LLC, Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 8.13 | 2/15/2032 | 770000 | 799566 |
| Jones Deslauriers Insurance Management, Inc., Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 6.88 | 10/1/2033 | 1877000 | 1868334 |
| The Nassau Companies of New York, Sr. Unscd. Notes<sup>(b),(c)</sup> <br>|  | 7.88 | 7/15/2030 | 2483000 | 2538023 |
|  |  |  |  |  | **23793683** |
| **Internet Software & Services — 2.4%** | **Internet Software & Services — 2.4%** | **Internet Software & Services — 2.4%** | **Internet Software & Services — 2.4%** | **Internet Software & Services — 2.4%** | **Internet Software & Services — 2.4%** |
| Arches Buyer, Inc., Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 6.13 | 12/1/2028 | 2640000 | 2590320 |
| Cablevision Lightpath LLC, Sr. Scd. Notes<sup>(b),(c)</sup> <br>|  | 3.88 | 9/15/2027 | 1384000 | 1344800 |
| Gen Digital, Inc., Gtd. Notes<sup>(b)</sup> <br>|  | 6.25 | 4/1/2033 | 3189000 | 3263556 |
| Gen Digital, Inc., Gtd. Notes<sup>(b)</sup> <br>|  | 6.75 | 9/30/2027 | 717000 | 728630 |
| Match Group Holdings II LLC, Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 4.13 | 8/1/2030 | 1857000 | 1755585 |
| Rakuten Group, Inc., Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 9.75 | 4/15/2029 | 1147000 | 1290793 |
| United Group BV, Sr. Scd. Bonds<sup>(b)</sup> <br>| EUR | 5.25 | 2/1/2030 | 670000 | 779501 |
|  |  |  |  |  | **11753185** |

---

**7**

------

*SCHEDULE OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<sup>(a)</sup><br>| Value ($) |
| **Bonds and Notes — 90.1% (continued)** | **Bonds and Notes — 90.1% (continued)** | **Bonds and Notes — 90.1% (continued)** | **Bonds and Notes — 90.1% (continued)** | **Bonds and Notes — 90.1% (continued)** |
| **Materials — 1.9%** | **Materials — 1.9%** | **Materials — 1.9%** | **Materials — 1.9%** | **Materials — 1.9%** |
| Clydesdale Acquisition Holdings, Inc., Gtd. Notes<sup>(b)</sup> <br>| 8.75 | 4/15/2030 | 2589000 | 2661992 |
| Clydesdale Acquisition Holdings, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>| 6.88 | 1/15/2030 | 1171000 | 1202686 |
| Graphic Packaging International LLC, Gtd. Notes<sup>(b)</sup> <br>| 6.38 | 7/15/2032 | 967000 | 983165 |
| LABL, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>| 9.50 | 11/1/2028 | 1411000 | 1200462 |
| Mauser Packaging Solutions Holding Co., Sr. Scd. Bonds<sup>(b)</sup> <br>| 7.88 | 4/15/2027 | 1241000 | 1254717 |
| Sealed Air Corp., Gtd. Notes<sup>(b)</sup> <br>| 5.00 | 4/15/2029 | 2064000 | 2054166 |
|  |  |  |  | **9357188** |
| **Media — 6.2%** | **Media — 6.2%** | **Media — 6.2%** | **Media — 6.2%** | **Media — 6.2%** |
| Block Communications, Inc., Gtd. Notes<sup>(b)</sup> <br>| 4.88 | 3/1/2028 | 1244000 | 1192461 |
| CCO Holdings LLC/CCO Holdings Capital Corp., Sr. Unscd. Notes<sup>(b),(c)</sup> <br>| 4.25 | 1/15/2034 | 1118000 | 967280 |
| CCO Holdings LLC/CCO Holdings Capital Corp., Sr. Unscd. Notes<sup>(c)</sup> <br>| 4.50 | 5/1/2032 | 3176000 | 2892355 |
| CCO Holdings LLC/CCO Holdings Capital Corp., Sr. Unscd. Notes<sup>(b)</sup> <br>| 5.00 | 2/1/2028 | 2941000 | 2915105 |
| CCO Holdings LLC/CCO Holdings Capital Corp., Sr. Unscd. Notes<sup>(b)</sup> <br>| 5.38 | 6/1/2029 | 2885000 | 2867940 |
| CSC Holdings LLC, Gtd. Notes<sup>(b)</sup> <br>| 11.25 | 5/15/2028 | 827000 | 766239 |
| CSC Holdings LLC, Gtd. Notes<sup>(b)</sup> <br>| 11.75 | 1/31/2029 | 2751000 | 2315157 |
| Directv Financing LLC/Directv Financing Co-Obligor, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>| 10.00 | 2/15/2031 | 2462000 | 2460232 |
| Discovery Communications LLC, Gtd. Notes | 3.95 | 3/20/2028 | 645000 | 630220 |
| Discovery Communications LLC, Gtd. Notes | 4.13 | 5/15/2029 | 1341000 | 1291953 |
| DISH DBS Corp., Gtd. Notes | 5.13 | 6/1/2029 | 940000 | 804654 |
| DISH DBS Corp., Gtd. Notes | 7.38 | 7/1/2028 | 1731000 | 1596847 |
| DISH DBS Corp., Sr. Scd. Notes<sup>(b)</sup> <br>| 5.75 | 12/1/2028 | 781000 | 749362 |
| Gray Media, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>| 7.25 | 8/15/2033 | 1259000 | 1248396 |
| Sinclair Television Group, Inc., Sr. Scd. Bonds<sup>(b)</sup> <br>| 8.13 | 2/15/2033 | 2022000 | 2076746 |
| Sirius XM Radio LLC, Gtd. Notes<sup>(b)</sup> <br>| 4.13 | 7/1/2030 | 1260000 | 1182635 |
| Sunrise FinCo I BV, Sr. Scd. Notes<sup>(b),(c)</sup> <br>| 4.88 | 7/15/2031 | 1630000 | 1553993 |
| The EW Scripps Company, Sr. Scd. Notes<sup>(b)</sup> <br>| 9.88 | 8/15/2030 | 979000 | 919832 |
| Virgin Media Secured Finance PLC, Sr. Scd. Notes<sup>(b)</sup> <br>| 5.50 | 5/15/2029 | 1507000 | 1491056 |
|  |  |  |  | **29922463** |
| **Metals & Mining — 2.0%** | **Metals & Mining — 2.0%** | **Metals & Mining — 2.0%** | **Metals & Mining — 2.0%** | **Metals & Mining — 2.0%** |
| Arsenal AIC Parent LLC, Sr. Scd. Notes<sup>(b),(c)</sup> <br>| 8.00 | 10/1/2030 | 2490000 | 2639517 |
| Cleveland-Cliffs, Inc., Gtd. Notes<sup>(b)</sup> <br>| 6.88 | 11/1/2029 | 1119000 | 1141291 |
| Cleveland-Cliffs, Inc., Gtd. Notes<sup>(b)</sup> <br>| 7.38 | 5/1/2033 | 710000 | 725386 |
| Fortescue Treasury Pty Ltd., Sr. Unscd. Notes<sup>(b),(c)</sup> <br>| 6.13 | 4/15/2032 | 1523000 | 1574946 |
| Novelis Corp., Gtd. Notes<sup>(b)</sup> <br>| 4.75 | 1/30/2030 | 1330000 | 1284106 |
| Samarco Mineracao SA, Sr. Unscd. Notes<sup>(b),(f)</sup> <br>| 9.50 | 6/30/2031 | 1953836 | 1965197 |
| Samarco Mineracao SA, Sr. Unscd. Notes<sup>(f)</sup> <br>| 9.50 | 6/30/2031 | 267458 | 269014 |
|  |  |  |  | **9599457** |
| **Real Estate — 3.0%** | **Real Estate — 3.0%** | **Real Estate — 3.0%** | **Real Estate — 3.0%** | **Real Estate — 3.0%** |
| Iron Mountain, Inc., Gtd. Notes<sup>(b)</sup> <br>| 5.00 | 7/15/2028 | 1440000 | 1432329 |
| Iron Mountain, Inc., Gtd. Notes<sup>(b)</sup> <br>| 5.25 | 3/15/2028 | 1000000 | 999062 |
| &nbsp;&nbsp;&nbsp; Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-<br> Issuer, Sr. Scd. Notes<sup>(b)</sup> <br>| 4.88 | 5/15/2029 | 1780000 | 1736909 |
| Rithm Capital Corp., Sr. Unscd. Notes<sup>(b)</sup> <br>| 8.00 | 4/1/2029 | 2667000 | 2731907 |
| Rithm Capital Corp., Sr. Unscd. Notes<sup>(b)</sup> <br>| 8.00 | 7/15/2030 | 1208000 | 1237723 |
| RLJ Lodging Trust LP, Sr. Scd. Notes<sup>(b)</sup> <br>| 4.00 | 9/15/2029 | 1647000 | 1556628 |
| Starwood Property Trust, Inc., Sr. Unscd. Notes<sup>(b)</sup> <br>| 6.50 | 7/1/2030 | 627000 | 649032 |
| Starwood Property Trust, Inc., Sr. Unscd. Notes<sup>(b)</sup> <br>| 7.25 | 4/1/2029 | 1425000 | 1498095 |
| Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC, Gtd. Notes<sup>(b)</sup> <br>| 6.00 | 1/15/2030 | 1233000 | 1117543 |
| Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC, Gtd. Notes<sup>(b)</sup> <br>| 6.50 | 2/15/2029 | 1531000 | 1439171 |
|  |  |  |  | **14398399** |

---

**8**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description |  | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<sup>(a)</sup><br>| Value ($) |
| **Bonds and Notes — 90.1% (continued)** | **Bonds and Notes — 90.1% (continued)** | **Bonds and Notes — 90.1% (continued)** | **Bonds and Notes — 90.1% (continued)** | **Bonds and Notes — 90.1% (continued)** | **Bonds and Notes — 90.1% (continued)** |
| **Retailing — 2.4%** | **Retailing — 2.4%** | **Retailing — 2.4%** | **Retailing — 2.4%** | **Retailing — 2.4%** | **Retailing — 2.4%** |
| 1011778 BC ULC/New Red Finance, Inc., Scd. Notes<sup>(b)</sup> <br>|  | 4.00 | 10/15/2030 | 1761000 | 1661448 |
| Carvana Co., Sr. Scd. Notes<sup>(b),(f)</sup> <br>|  | 9.00 | 6/1/2031 | 1658500 | 1879027 |
| &nbsp;&nbsp;&nbsp; Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc., Sr. Scd. <br> Notes<sup>(b)</sup> <br>|  | 4.63 | 1/15/2029 | 1064000 | 1013517 |
| LBM Acquisition LLC, Gtd. Notes<sup>(b)</sup> <br>|  | 6.25 | 1/15/2029 | 1314000 | 1217532 |
| PetSmart LLC/PetSmart Finance Corp., Gtd. Notes<sup>(b)</sup> <br>|  | 10.00 | 9/15/2033 | 676000 | 683881 |
| PetSmart LLC/PetSmart Finance Corp., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 7.50 | 9/15/2032 | 1217000 | 1221851 |
| QXO Building Products, Inc., Sr. Scd. Bonds<sup>(b)</sup> <br>|  | 6.75 | 4/30/2032 | 1234000 | 1280764 |
| Staples, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 10.75 | 9/1/2029 | 1519000 | 1509536 |
| White Cap Buyer LLC, Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 6.88 | 10/15/2028 | 1223000 | 1220480 |
|  |  |  |  |  | **11688036** |
| **Semiconductors & Semiconductor Equipment — 1.0%** | **Semiconductors & Semiconductor Equipment — 1.0%** | **Semiconductors & Semiconductor Equipment — 1.0%** | **Semiconductors & Semiconductor Equipment — 1.0%** | **Semiconductors & Semiconductor Equipment — 1.0%** | **Semiconductors & Semiconductor Equipment — 1.0%** |
| Entegris, Inc., Gtd. Notes<sup>(b)</sup> <br>|  | 5.95 | 6/15/2030 | 2590000 | 2629459 |
| Kioxia Holdings Corp., Gtd. Notes<sup>(b)</sup> <br>|  | 6.63 | 7/24/2033 | 1917000 | 1972890 |
|  |  |  |  |  | **4602349** |
| **Technology Hardware & Equipment — .7%** | **Technology Hardware & Equipment — .7%** | **Technology Hardware & Equipment — .7%** | **Technology Hardware & Equipment — .7%** | **Technology Hardware & Equipment — .7%** | **Technology Hardware & Equipment — .7%** |
| Virtusa Corp., Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 7.13 | 12/15/2028 | 3424000 | **3357644** |
| **Telecommunication Services — 4.0%** | **Telecommunication Services — 4.0%** | **Telecommunication Services — 4.0%** | **Telecommunication Services — 4.0%** | **Telecommunication Services — 4.0%** | **Telecommunication Services — 4.0%** |
| Altice France SA, Sr. Scd. Notes<sup>(b),(g)</sup> <br>|  | 8.13 | 2/1/2027 | 3060000 | 2927549 |
| CommScope Technologies LLC, Gtd. Notes<sup>(b)</sup> <br>|  | 5.00 | 3/15/2027 | 562000 | 558067 |
| EchoStar Corp., Sr. Scd. Notes |  | 10.75 | 11/30/2029 | 2732000 | 3007795 |
| Fibercop SpA, Sr. Scd. Notes<sup>(b)</sup> <br>|  | 7.72 | 6/4/2038 | 996000 | 1009652 |
| Hughes Satellite Systems Corp., Gtd. Notes |  | 6.63 | 8/1/2026 | 470000 | 447403 |
| Hughes Satellite Systems Corp., Sr. Scd. Notes<sup>(c)</sup> <br>|  | 5.25 | 8/1/2026 | 626000 | 614422 |
| Level 3 Financing, Inc., Gtd. Notes<sup>(b)</sup> <br>|  | 3.75 | 7/15/2029 | 1184000 | 1015195 |
| Level 3 Financing, Inc., Sr. Scd. Bonds<sup>(b)</sup> <br>|  | 6.88 | 6/30/2033 | 774000 | 789492 |
| Level 3 Financing, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 7.00 | 3/31/2034 | 778000 | 792065 |
| Lumen Technologies, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 4.13 | 4/15/2029 | 520050 | 512499 |
| Lumen Technologies, Inc., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 10.00 | 10/15/2032 | 1087000 | 1101031 |
| Lumen Technologies, Inc., Sr. Unscd. Bonds, Ser. P |  | 7.60 | 9/15/2039 | 1788000 | 1676250 |
| Lumen Technologies, Inc., Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 5.38 | 6/15/2029 | 1260000 | 1155793 |
| Maya SAS/Paris France, Sr. Scd. Notes<sup>(b)</sup> <br>|  | 7.00 | 4/15/2032 | 1240000 | 1266107 |
| Maya SAS/Paris France, Sr. Scd. Notes<sup>(b)</sup> <br>|  | 8.50 | 4/15/2031 | 1185000 | 1271888 |
| &nbsp;&nbsp;&nbsp; Windstream Services LLC/Windstream Escrow Finance Corp., Sr. Scd. <br> Notes<sup>(b)</sup> <br>|  | 8.25 | 10/1/2031 | 1267000 | 1313437 |
|  |  |  |  |  | **19458645** |
| **Transportation — .9%** | **Transportation — .9%** | **Transportation — .9%** | **Transportation — .9%** | **Transportation — .9%** | **Transportation — .9%** |
| Beacon Mobility Corp., Sr. Scd. Notes<sup>(b)</sup> <br>|  | 7.25 | 8/1/2030 | 1896000 | 1972606 |
| SGL Group ApS, Sr. Scd. Bonds, (3 Month EURIBOR +4.25%)<sup>(e)</sup> <br>| EUR | 6.28 | 2/24/2031 | 625000 | 717339 |
| Stonepeak Nile Parent LLC, Sr. Scd. Notes<sup>(b)</sup> <br>|  | 7.25 | 3/15/2032 | 1748000 | 1842142 |
|  |  |  |  |  | **4532087** |
| **Utilities — 4.9%** | **Utilities — 4.9%** | **Utilities — 4.9%** | **Utilities — 4.9%** | **Utilities — 4.9%** | **Utilities — 4.9%** |
| Alpha Generation LLC, Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 6.75 | 10/15/2032 | 2275000 | 2350076 |
| &nbsp;&nbsp;&nbsp; California Buyer Ltd./Atlantica Sustainable Infrastructure PLC, Sr. Unscd. <br> Notes<sup>(b)</sup> <br>|  | 6.38 | 2/15/2032 | 3270000 | 3353879 |
| ContourGlobal Power Holdings SA, Sr. Scd. Bonds<sup>(b)</sup> <br>|  | 6.75 | 2/28/2030 | 2563000 | 2665494 |
| NRG Energy, Inc., Gtd. Notes<sup>(b)</sup> <br>|  | 3.88 | 2/15/2032 | 1390000 | 1281949 |
| NRG Energy, Inc., Gtd. Notes<sup>(b)</sup> <br>|  | 6.25 | 11/1/2034 | 1212000 | 1243168 |
| NRG Energy, Inc., Jr. Sub. Bonds<sup>(b),(d)</sup> <br>|  | 10.25 | 3/15/2028 | 995000 | 1087705 |
| NRG Energy, Inc., Sr. Unscd. Notes<sup>(b)</sup> <br>|  | 5.75 | 1/15/2034 | 623000 | 622754 |
| PG&E Corp., Sr. Scd. Notes |  | 5.00 | 7/1/2028 | 820000 | 813033 |

---

**9**

------

*SCHEDULE OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<sup>(a)</sup><br>| Value ($) |
| **Bonds and Notes — 90.1% (continued)** | **Bonds and Notes — 90.1% (continued)** | **Bonds and Notes — 90.1% (continued)** | **Bonds and Notes — 90.1% (continued)** | **Bonds and Notes — 90.1% (continued)** |
| **Utilities — 4.9% (continued)** | **Utilities — 4.9% (continued)** | **Utilities — 4.9% (continued)** | **Utilities — 4.9% (continued)** | **Utilities — 4.9% (continued)** |
| PG&E Corp., Sr. Scd. Notes<sup>(c)</sup> <br>| 5.25 | 7/1/2030 | 1299000 | 1281814 |
| Vistra Operations Co. LLC, Gtd. Notes<sup>(b)</sup> <br>| 4.38 | 5/1/2029 | 1200000 | 1175755 |
| Vistra Operations Co. LLC, Gtd. Notes<sup>(b)</sup> <br>| 6.88 | 4/15/2032 | 2785000 | 2914800 |
| Vistra Operations Co. LLC, Gtd. Notes<sup>(b)</sup> <br>| 7.75 | 10/15/2031 | 2235000 | 2366680 |
| XPLR Infrastructure Operating Partners LP, Gtd. Notes<sup>(b)</sup> <br>| 3.88 | 10/15/2026 | 1017000 | 1003174 |
| XPLR Infrastructure Operating Partners LP, Gtd. Notes<sup>(b),(c)</sup> <br>| 8.38 | 1/15/2031 | 1629000 | 1708463 |
|  |  |  |  | **23868744** |
| &nbsp;&nbsp;&nbsp; **Total Bonds and Notes** <br>(cost $424,890,018)<br>|  |  |  | **437689962** |
| **Convertible Bonds and Notes — .3%** | **Convertible Bonds and Notes — .3%** | **Convertible Bonds and Notes — .3%** | **Convertible Bonds and Notes — .3%** | **Convertible Bonds and Notes — .3%** |
| **Media — .1%** | **Media — .1%** | **Media — .1%** | **Media — .1%** | **Media — .1%** |
| Cable One, Inc., Gtd. Notes | 1.13 | 3/15/2028 | 566000 | **484496** |
| **Utilities — .2%** | **Utilities — .2%** | **Utilities — .2%** | **Utilities — .2%** | **Utilities — .2%** |
| PG&E Corp., Sr. Scd. Notes | 4.25 | 12/1/2027 | 996000 | **1009745** |
| &nbsp;&nbsp;&nbsp; **Total Convertible Bonds and Notes** <br>(cost $1,482,827) | &nbsp;&nbsp;&nbsp; **Total Convertible Bonds and Notes** <br>(cost $1,482,827) |  |  | **1494241** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | Shares |  |
| **Exchange-Traded Funds — 1.7%** | **Exchange-Traded Funds — 1.7%** | **Exchange-Traded Funds — 1.7%** |
| **Registered Investment Companies — 1.7%** | **Registered Investment Companies — 1.7%** | **Registered Investment Companies — 1.7%** |
| Invesco Senior Loan ETF<sup>(c)</sup> <br>| 69807 | 1461061 |
| iShares iBoxx $ High Yield Corporate Bond ETF<sup>(c)</sup> <br>| 31880 | 2588337 |
| Janus Henderson B-BBB CLO ETF | 30275 | 1458347 |
| SPDR Bloomberg High Yield Bond ETF<sup>(c)</sup> <br>| 26455 | 2592325 |
| &nbsp;&nbsp;&nbsp; **Total Exchange-Traded Funds** <br>(cost $7,858,780)<br>|  | **8100070** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Coupon <br>Rate (%)<br>| Maturity <br>Date<br>| Principal <br>Amount ($)<sup>(a)</sup> <br>|  |
| **Fixed Rate Loan Interests — 1.1%** | **Fixed Rate Loan Interests — 1.1%** | **Fixed Rate Loan Interests — 1.1%** | **Fixed Rate Loan Interests — 1.1%** | **Fixed Rate Loan Interests — 1.1%** |
| **Information Technology — .2%** | **Information Technology — .2%** | **Information Technology — .2%** | **Information Technology — .2%** | **Information Technology — .2%** |
| X.AI LLC, Initial Fixed Rate Term Loan | 12.50 | 6/28/2030 | 965829 | **1003598** |
| **Technology Hardware & Equipment — .9%** | **Technology Hardware & Equipment — .9%** | **Technology Hardware & Equipment — .9%** | **Technology Hardware & Equipment — .9%** | **Technology Hardware & Equipment — .9%** |
| X Corp., Tranche Term Loan B-3 | 9.50 | 10/29/2029 | 4452802 | **4472906** |
| &nbsp;&nbsp;&nbsp; **Total Fixed Rate Loan Interests** <br>(cost $5,403,831) | &nbsp;&nbsp;&nbsp; **Total Fixed Rate Loan Interests** <br>(cost $5,403,831) |  |  | **5476504** |
| **Floating Rate Loan Interests — 4.4%** | **Floating Rate Loan Interests — 4.4%** | **Floating Rate Loan Interests — 4.4%** | **Floating Rate Loan Interests — 4.4%** | **Floating Rate Loan Interests — 4.4%** |
| **Automobiles & Components — .4%** | **Automobiles & Components — .4%** | **Automobiles & Components — .4%** |  |  |
| Burgess Point Purchaser Corp., Initial Term Loan, (1 Month TSFR +5.35%)<sup>(e)</sup> <br>| 9.51 | 7/25/2029 | 643346 | 561371 |
| &nbsp;&nbsp;&nbsp; First Brands Group LLC, 2022 Incremental Term Loan, (3 Month TSFR <br> +5.26%)<sup>(e),(g)</sup> <br>| 9.57 | 3/30/2027 | 1460319 | 664445 |
| IXS Holdings, Inc., Initial Term Loan, (3 Month TSFR +5.50%)<sup>(e)</sup> <br>| 8.04 | 9/21/2029 | 745000 | 744382 |
|  |  |  |  | **1970198** |
| **Chemicals — .2%** | **Chemicals — .2%** | **Chemicals — .2%** |  |  |
| &nbsp;&nbsp;&nbsp; Geon Performance Solutions LLC, 2024 Refinancing Term Loan, (3 Month <br> TSFR +4.51%)<sup>(e)</sup> <br>| 8.51 | 8/18/2028 | 806058 | **757896** |
| **Commercial & Professional Services — .3%** | **Commercial & Professional Services — .3%** | **Commercial & Professional Services — .3%** |  |  |
| Vaco Holdings LLC, Initial Term Loan, (3 Month TSFR +5.15%)<sup>(e)</sup> <br>| 9.15 | 1/22/2029 | 1759717 | **1520272** |
| **Consumer Discretionary — .2%** | **Consumer Discretionary — .2%** | **Consumer Discretionary — .2%** |  |  |
| Crown Finance US, Inc., Term Loan B, (1 Month TSFR +4.50%)<sup>(e)</sup> <br>| 8.78 | 12/2/2031 | 746130 | **745526** |

---

**10**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description |  | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<sup>(a)</sup><br>| Value ($) |
| **Floating Rate Loan Interests — 4.4% (continued)** | **Floating Rate Loan Interests — 4.4% (continued)** | **Floating Rate Loan Interests — 4.4% (continued)** | **Floating Rate Loan Interests — 4.4% (continued)** | **Floating Rate Loan Interests — 4.4% (continued)** | **Floating Rate Loan Interests — 4.4% (continued)** |
| **Diversified Financials — .3%** | **Diversified Financials — .3%** | **Diversified Financials — .3%** | **Diversified Financials — .3%** |  |  |
| &nbsp;&nbsp;&nbsp; OID-OL Intermediate I LLC, Initial Second Out Term Loan, (3 Month TSFR <br> +4.40%)<sup>(e)</sup> <br>|  | 10.31 | 2/1/2029 | 640000 | 539069 |
| &nbsp;&nbsp;&nbsp; Russell Investments US Institutional Holdco, Inc., 2027 Term Loan, (3 Month <br> TSFR +5.00%)<sup>(e),(f)</sup> <br>|  | 9.31 | 5/28/2027 | 745321 | 717505 |
|  |  |  |  |  | **1256574** |
| **Food Products — .2%** | **Food Products — .2%** | **Food Products — .2%** | **Food Products — .2%** |  |  |
| Max US BidCo, Inc., Initial Term Loan, (3 Month TSFR +5.00%)<sup>(e)</sup> <br>|  | 9.00 | 10/2/2030 | 1132864 | **1109046** |
| **Health Care — .5%** | **Health Care — .5%** | **Health Care — .5%** | **Health Care — .5%** |  |  |
| 1261229 B.C. Ltd., Initial Term Loan, (1 Month TSFR +6.25%)<sup>(e)</sup> <br>|  | 8.04 | 10/8/2030 | 1317697 | 1301634 |
| Inovie Group, Senior Facility Term Loan B, (3 Month EURIBOR +4.00%)<sup>(e)</sup> <br>| EUR | 5.98 | 3/3/2028 | 1000000 | 1028873 |
|  |  |  |  |  | **2330507** |
| **Industrial — .2%** | **Industrial — .2%** | **Industrial — .2%** | **Industrial — .2%** |  |  |
| Optimus Bidco SAS, Term Loan B, (3 Month EURIBOR +5.00%)<sup>(e)</sup> <br>| EUR | 7.00 | 1/2/2029 | 1000000 | **1043437** |
| **Information Technology — .5%** | **Information Technology — .5%** | **Information Technology — .5%** | **Information Technology — .5%** |  |  |
| Flash Charm, Inc., 2024 Term Loan B-2, (3 Month TSFR +3.50%)<sup>(e)</sup> <br>|  | 7.80 | 3/2/2028 | 839597 | 738845 |
| &nbsp;&nbsp;&nbsp; HS Purchaser LLC, First Lien 7th Amendment Refinancing Term Loan, <br> (3 Month TSFR +3.85%)<sup>(e)</sup> <br>|  | 8.16 | 11/30/2026 | 1039639 | 985646 |
| Polaris Newco LLC, First Lien Dollar Term Loan, (3 Month TSFR +4.00%)<sup>(e)</sup> <br>|  | 8.32 | 6/5/2028 | 777974 | 751449 |
|  |  |  |  |  | **2475940** |
| **Internet Software & Services — .6%** | **Internet Software & Services — .6%** | **Internet Software & Services — .6%** | **Internet Software & Services — .6%** |  |  |
| MH Sub I LLC, 2023 May New Term Loan, (3 Month TSFR +4.25%)<sup>(e)</sup> <br>|  | 8.25 | 5/3/2028 | 1812097 | 1747540 |
| MH Sub I LLC, Second Lien Term Loan, (1 Month TSFR +6.25%)<sup>(e)</sup> <br>|  | 10.41 | 2/23/2029 | 854000 | 745982 |
| &nbsp;&nbsp;&nbsp; StubHub Holdco Sub LLC, Extended USD Term Loan B, (1 Month TSFR <br> +4.75%)<sup>(e)</sup> <br>|  | 8.91 | 3/15/2030 | 606131 | 602343 |
|  |  |  |  |  | **3095865** |
| **Media — .2%** | **Media — .2%** | **Media — .2%** | **Media — .2%** |  |  |
| Gray Media, Inc., Term Loan F, (1 Month TSFR +5.25%)<sup>(e)</sup> <br>|  | 9.53 | 6/4/2029 | 23459 | 23505 |
| &nbsp;&nbsp;&nbsp; The E.W. Scripps Co., New Tranche Term Loan B-2, (1 Month TSFR <br> +5.75%)<sup>(e)</sup> <br>|  | 6.59 | 6/30/2028 | 801754 | 811944 |
|  |  |  |  |  | **835449** |
| **Real Estate — .2%** | **Real Estate — .2%** | **Real Estate — .2%** | **Real Estate — .2%** |  |  |
| Emeria SASU, Facility Term Loan B, (3 Month EURIBOR +3.50%)<sup>(e)</sup> <br>| EUR | 5.50 | 3/27/2028 | 1000000 | **1014350** |
| **Technology Hardware & Equipment — .1%** | **Technology Hardware & Equipment — .1%** | **Technology Hardware & Equipment — .1%** | **Technology Hardware & Equipment — .1%** |  |  |
| Peraton Corp., First Lien Term Loan B, (1 Month TSFR +3.85%)<sup>(e)</sup> <br>|  | 8.01 | 2/1/2028 | 856853 | **724846** |
| **Telecommunication Services — .5%** | **Telecommunication Services — .5%** | **Telecommunication Services — .5%** | **Telecommunication Services — .5%** |  |  |
| Altice France SA, USD Term Loan B-14, (3 Month TSFR +5.50%)<sup>(e)</sup> <br>|  | 9.82 | 8/31/2028 | 1855932 | 1800254 |
| Zayo Group Holdings, Inc., Dollar Term Loan, (1 Month TSFR +3.61%)<sup>(e),(f)</sup> <br>|  | 7.77 | 3/11/2030 | 730013 | 710548 |
|  |  |  |  |  | **2510802** |
| &nbsp;&nbsp;&nbsp; **Total Floating Rate Loan Interests** <br>(cost $22,402,674) | &nbsp;&nbsp;&nbsp; **Total Floating Rate Loan Interests** <br>(cost $22,402,674) |  |  |  | **21390708** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | 1-Day <br>Yield (%)<br>| Shares |
| **Investment Companies — 2.8%** | **Investment Companies — 2.8%** | **Investment Companies — 2.8%** |
| **Registered Investment Companies — 2.8%** | **Registered Investment Companies — 2.8%** | **Registered Investment Companies — 2.8%** |
| &nbsp;&nbsp;&nbsp; Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional <br> Shares<sup>(h)</sup> <br>(cost $13,263,911)<br>| 4.28 | 13263911 |

---

**11**

------

*SCHEDULE OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | |
|:---|:---|:---|:---|
| Description | 1-Day<br> Yield (%)<br>| Shares | Value ($) |
| **Investment of Cash Collateral for Securities Loaned — 4.0%** |  |  |  |
| **Registered Investment Companies — 4.0%** |  |  |  |
| &nbsp;&nbsp;&nbsp; Dreyfus Institutional Preferred Government Plus Money Market Fund, Institutional <br> Shares<sup>(h)</sup> <br>(cost $19,404,869)<br>| 4.28 | 19404869 | **19404869** |
| **Total Investments** (cost $494,706,910) | **Total Investments** (cost $494,706,910) | **104.4%** | **506820265** |
| **Liabilities, Less Cash and Receivables** | **Liabilities, Less Cash and Receivables** | **(4.4%)** | **(21146799)** |
| **Net Assets**  | **Net Assets**  | **100.0%** | **485673466** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| *ETF—Exchange-Traded Fund* |
| *EUR—Euro* |
| *EURIBOR—Euro Interbank Offered Rate* |
| *GBP—British Pound* |
| *SPDR—Standard & Poor's Depository Receipt* |
| *TSFR—Term Secured Overnight Financing Rate Reference Rates* |
| *USD—United States Dollar* |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> *Amount stated in U.S. Dollars unless otherwise noted above.*

<sup>(b)</sup> *Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities may be resold in transactions exempt from* *registration, normally to qualified institutional buyers. At September 30, 2025, these securities amounted to $401,546,276 or 82.7% of net assets.* 

<sup>(c)</sup> *Security, or portion thereof, on loan. At September 30, 2025, the value of the fund's securities on loan was $36,073,376 and the value of the collateral was* *$37,672,377, consisting of cash collateral of $19,404,869 and U.S. Government & Agency securities valued at $18,267,508. In addition, the value of* *collateral may include pending sales that are also on loan.* 

<sup>(d)</sup> *Security is a perpetual bond with no specified maturity date. Maturity date shown is next reset date of the bond.*

<sup>(e)</sup> *Variable rate security—Interest rate resets periodically and the rate shown is the interest rate in effect at period end. Security description also includes the* *reference rate and spread if published and available.* 

<sup>(f)</sup> *Payment-in-kind security and interest may be paid in additional par.*

<sup>(g)</sup> *Defaulted security. Currently, the issuer is in default with respect to principal and/or interest payments. The aggregate value of these securities at September 30,* *2025 was $3,591,994, which represented .0% of net assets.* 

<sup>(h)</sup> *Investment in affiliated issuer. The investment objective of this investment company is publicly available and can be found within the investment company's* *prospectus.* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Forward Foreign Currency Exchange Contracts** | **Forward Foreign Currency Exchange Contracts** | **Forward Foreign Currency Exchange Contracts** | **Forward Foreign Currency Exchange Contracts** | **Forward Foreign Currency Exchange Contracts** | **Forward Foreign Currency Exchange Contracts** |
| Counterparty/ <br>Purchased <br>Currency<br>| Purchased <br>Currency <br>Amounts<br>| &nbsp;&nbsp; Currency <br>Sold<br>| Sold <br>Currency <br>Amounts<br>| Settlement <br>Date<br>| Unrealized <br>Appreciation <br>(Depreciation) ($)<br>|
| **Citigroup Global Markets, Inc.** | **Citigroup Global Markets, Inc.** | **Citigroup Global Markets, Inc.** | **Citigroup Global Markets, Inc.** | **Citigroup Global Markets, Inc.** | **Citigroup Global Markets, Inc.** |
| United States Dollar | &nbsp;&nbsp; 3033251 | British Pound | &nbsp;&nbsp; 2245000 | &nbsp;&nbsp; 10/20/2025 | &nbsp;&nbsp;&nbsp; 13604 |
| Euro | &nbsp;&nbsp; 1000000 | United States Dollar | &nbsp;&nbsp; 1173513 | &nbsp;&nbsp; 10/20/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 2005 |
| United States Dollar | &nbsp;&nbsp; 15999535 | Euro | &nbsp;&nbsp; 13660000 | &nbsp;&nbsp; 10/20/2025 | &nbsp;&nbsp; (58048) |
| British Pound | &nbsp;&nbsp;&nbsp;&nbsp; 700000 | United States Dollar | &nbsp;&nbsp;&nbsp;&nbsp; 947043 | &nbsp;&nbsp; 10/20/2025 | &nbsp;&nbsp; (5504) |
| **Goldman Sachs & Co. LLC** | **Goldman Sachs & Co. LLC** | **Goldman Sachs & Co. LLC** | **Goldman Sachs & Co. LLC** | **Goldman Sachs & Co. LLC** | **Goldman Sachs & Co. LLC** |
| Euro | &nbsp;&nbsp; 1000000 | United States Dollar | &nbsp;&nbsp; 1181529 | &nbsp;&nbsp; 10/20/2025 | &nbsp;&nbsp; (6011) |
| **Gross Unrealized Appreciation** | **Gross Unrealized Appreciation** | **Gross Unrealized Appreciation** | **Gross Unrealized Appreciation** | **Gross Unrealized Appreciation** | **15609** |
| **Gross Unrealized Depreciation** | **Gross Unrealized Depreciation** | **Gross Unrealized Depreciation** | **Gross Unrealized Depreciation** | **Gross Unrealized Depreciation** | **(69563)** |

---

*See notes to schedule of investments.*

**12**

------

Schedule of Investments

BNY Mellon High Yield Fund

September 30, 2025 (Unaudited)

The following is a summary of the inputs used as of September 30, 2025 in valuing the fund's investments:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1 -** <br>**Unadjusted** <br>**Quoted Prices**<br>| **Level 2- Other** <br>**Significant** <br>**Observable Inputs**<br>| **Level 3-** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>| **Total** |
| **Assets ($)** |  |  |  |  |
| Investments in Securities:<sup>†</sup> <br>|  |  |  |  |
| Collateralized Loan Obligations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 7444775 | &nbsp;&nbsp; — | &nbsp;&nbsp; **7444775** |
| Convertible Corporate Bonds and Notes | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1494241 | &nbsp;&nbsp; — | &nbsp;&nbsp; **1494241** |
| Corporate Bonds and Notes | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 430245187 | &nbsp;&nbsp; — | &nbsp;&nbsp; **430245187** |
| Exchange-Traded Funds | &nbsp;&nbsp;&nbsp; 8100070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; **8100070** |
| Fixed Rate Loan Interests | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5476504 | &nbsp;&nbsp; — | &nbsp;&nbsp; **5476504** |
| Floating Rate Loan Interests | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 21390708 | &nbsp;&nbsp; — | &nbsp;&nbsp; **21390708** |
| Investment Companies | &nbsp;&nbsp; 32668780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; **32668780** |
|  | &nbsp;&nbsp; **40768850** | &nbsp;&nbsp; **466051415** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **506820265** |
| Other Financial Instruments: |  |  |  |  |
| Forward Foreign Currency Exchange Contracts<sup>††</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15609 | &nbsp;&nbsp; — | &nbsp;&nbsp; **15609** |
|  | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **15609** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **15609** |
| **Liabilities ($)** |  |  |  |  |
| Other Financial Instruments: |  |  |  |  |
| Forward Foreign Currency Exchange Contracts<sup>††</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (69563) | &nbsp;&nbsp; — | &nbsp;&nbsp; **(69563)** |
|  | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **(69563)** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **(69563)** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| <sup>†</sup> <br>| *See Schedule of Investments for additional detailed categorizations, if any.* |
| <sup>††</sup> <br>| *Amount shown represents unrealized appreciation (depreciation) at period end.* |

---

**13**

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The Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") is the exclusive reference of authoritative U.S. generally accepted accounting principles ("GAAP") recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission ("SEC") under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund is an investment company and applies the accounting and reporting guidance of the FASB ASC Topic 946 Financial Services-Investment Companies. The fund's financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.

The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price). GAAP establishes a fair value hierarchy that prioritizes the inputs of valuation techniques used to measure fair value. This hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

Additionally, GAAP provides guidance on determining whether the volume and activity in a market has decreased significantly and whether such a decrease in activity results in transactions that are not orderly. GAAP requires enhanced disclosures around valuation inputs and techniques used during annual and interim periods.

Various inputs are used in determining the value of the fund's investments relating to fair value measurements. These inputs are summarized in the three broad levels listed below:

**Level 1**—unadjusted quoted prices in active markets for identical investments.

**Level 2**—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.).

**Level 3**—significant unobservable inputs (including the fund's own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the fund's investments are as follows:

The Trust's Board of Trustees (the "Board") has designated the Adviser as the fund's valuation designee to make all fair value determinations with respect to the fund's portfolio investments, subject to the Board's oversight and pursuant to Rule 2a-5 under the Act.

Registered investment companies that are not traded on an exchange are valued at their net asset value and are generally categorized within Level 1 of the fair value hierarchy.

Investments in debt securities, floating rate loan interests, fixed rate loan interests and other securities, excluding short-term investments (other than U.S. Treasury Bills) and forward foreign currency exchange contracts ("forward contracts"), are valued each business day by one or more independent pricing services (each, a "Service"). Investments for which quoted bid prices are readily available and are representative of the bid side of the market in the judgment of a Service are valued at the mean between the quoted bid prices (as obtained by a Service from dealers in such securities) and asked prices (as calculated by a Service based upon its evaluation of the market for such securities). Securities are valued as determined by the Adviser based on values supplied by a Service, based on methods which include consideration of the following: yields or prices of securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions. The Services are engaged under the general supervision of the Adviser. These securities are generally categorized within Level 2 of the fair value hierarchy.

Investments in exchange-traded funds are valued at the last sales price on the securities exchange or national securities market on which such securities are primarily traded. Securities listed on the National Market System for which market quotations are available are valued at the official closing price or, if there is no official closing price that day, at the last sales price. For open short positions, asked prices are used for valuation purposes. Bid price is used when no asked price is available. Registered investment companies that are not traded on an exchange are valued at their net asset value. All of the preceding securities are generally categorized within Level 1 of the fair value hierarchy.

Securities not listed on an exchange or the national securities market, or securities for which there were no transactions, are valued at the average of the most recent bid and asked prices. These securities are generally categorized within Level 2 of the fair value hierarchy.

**14**

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Fair valuing of securities may be determined with the assistance of a Service using calculations based on indices of domestic securities and other appropriate indicators, such as prices of relevant American Depositary Receipts and futures. Utilizing these techniques may result in transfers between Level 1 and Level 2 of the fair value hierarchy.

When market quotations or official closing prices are not readily available, or are determined not to accurately reflect fair value, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded (for example, a foreign exchange or market), but before the fund calculates its net asset value, the fund may value these investments at fair value as determined in accordance with the procedures approved by the Board. Certain factors may be considered when fair valuing investments such as: fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold, and public trading in similar securities of the issuer or comparable issuers. These securities are either categorized within Level 2 or 3 of the fair value hierarchy depending on the relevant inputs used.

For securities where observable inputs are limited, assumptions about market activity and risk are used and such securities are generally categorized within Level 3 of the fair value hierarchy.

Investments denominated in foreign currencies are translated to U.S. dollars at the prevailing rates of exchange.

Forward contracts are valued at the forward rate and are generally categorized within Level 2 of the fair value hierarchy.

Pursuant to a securities lending agreement with BNY, the fund may lend securities to qualified institutions. It is the fund's policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral equivalent to at least 100% of the market value of securities on loan is maintained at all times. Collateral is either in the form of cash, which can be invested in certain money market mutual funds managed by the Adviser, or U.S. Government and Agency securities. The securities on loan, if any, are also disclosed in the fund's Schedule of Investments. The fund is entitled to receive all dividends, interest and distributions on securities loaned, in addition to income earned as a result of the lending transaction. Should a borrower fail to return the securities in a timely manner, BNY is required to replace the securities for the benefit of the fund or credit the fund with the market value of the unreturned securities and is subrogated to the fund's rights against the borrower and the collateral. Additionally, the contractual maturity of security lending transactions are on an overnight and continuous basis.

**Floating Rate Loan Interests:** Floating rate instruments are loans and other securities with interest rates that adjust or "float" periodically. Floating rate loans are made by banks and other financial institutions to their corporate clients. The rates of interest on the loans adjust periodically by reference to a base lending rate, plus a premium or credit spread. Floating rate loans reset on periodic set dates, typically 30 to 90 days, but not to exceed one year. The fund may invest in multiple series or tranches of a loan. A different series or tranche may have varying terms and carry different associated risks.

**Derivatives:** A derivative is a financial instrument whose performance is derived from the performance of another asset. Each type of derivative instrument that was held by the fund at September 30, 2025 is discussed below.

**Forward Foreign Currency Exchange Contracts**: The fund enters into forward contracts in order to hedge its exposure to changes in foreign currency exchange rates on its foreign portfolio holdings, to settle foreign currency transactions or as a part of its investment strategy. When executing forward contracts, the fund is obligated to buy or sell a foreign currency at a specified rate on a certain date in the future. With respect to sales of forward contracts, the fund incurs a loss if the value of the contract increases between the date the forward contract is opened and the date the forward contract is closed. The fund realizes a gain if the value of the contract decreases between those dates. With respect to purchases of forward contracts, the fund incurs a loss if the value of the contract decreases between the date the forward contract is opened and the date the forward contract is closed. The fund realizes a gain if the value of the contract increases between those dates. Any realized or unrealized gains or losses which occurred during the period are reflected in the Statement of Operations. The fund is exposed to foreign currency risk as a result of changes in value of underlying financial instruments. The fund is also exposed to credit risk associated with counterparty non-performance on these forward contracts, which is generally limited to the unrealized gain on each open contract. This risk may be mitigated by Master Agreements, if any, between the fund and the counterparty and the posting of collateral, if any, by the counterparty to the fund to cover the fund's exposure to the counterparty. Forward contracts open at September 30, 2025 are set forth in the Schedule of Investments.

At September 30, 2025, accumulated net unrealized appreciation on investments inclusive of derivative contracts was $12,059,401, consisting of $14,477,192 gross unrealized appreciation and $2,417,791 gross unrealized depreciation.

At September 30, 2025, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes (see the Schedule of Investments).

**15**

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Additional investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the SEC on Form N-CSR.

**16**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BNY Mellon Investment Funds III

- **b. Investment Company Act file number:** 811-00524

- **c. CIK number of Registrant:** 0000053808

- **d. LEI of Registrant:** 549300DOYFL5R4I71F16

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

  - **Street Address 1:** 240 Greenwich Street

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10286

  - **Telephone number:** 212-922-6400

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

- **a. Name of Series:** BNY Mellon High Yield Fund

- **b. EDGAR series identifier (if any):** S000000317

- **c. LEI of Series:** 549300U20XX0ZDIYNO84

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**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:** $519262888.79

**Total Liabilities:** $34101296.52

**Net Assets:** $485161592.27

**Delayed Delivery Securities:** $3098000.00

**Cash Not Reported:** $1180671.56

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 81.69273000 | **1-Year:** 2076.80314000 | **5-Year:** 6089.20367000 | **10-Year:** 384.74880000 | **30-Year:** 0.00000000

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

- **3-Month:** 229.68075000 | **1-Year:** 51196.24266000 | **5-Year:** 75309.37850000 | **10-Year:** 3875.92495000 | **30-Year:** 22.21050000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000793 | 0.41%                | 1.15%                | 0.53%                |
| Class ID C000000792 | 0.32%                | 0.88%                | 0.64%                |
| Class ID C000000790 | 0.39%                | 1.13%                | 0.51%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $933269.86               | $-2596614.24                               |
| Month 2  | $1236393.30              | $1616533.02                                |
| Month 3  | $377926.61               | $-107406.90                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MEDLINE BORROWER/MEDL CO                                          | Medline Borrower LP/Medline Co-Issuer Inc                                        | CUSIP: 58506DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1758000 | PA      | $1804858.89   | 0.37%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                                          | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 18060TAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   1470000 | PA      | $1503606.65   | 0.31%             | 2028-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                             | Level 3 Financing Inc                                                            | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    774000 | PA      | $789491.61    | 0.16%             | 2033-06-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SGL GROUP APS                                                     | SGL Group ApS                                                                    | CUSIP: 000000000<br>LEI: 636700YQKGLXCPPUYE74 | Long             | DBT              | CORP              | DK        |    625000 | PA      | $717338.75    | 0.15%             | 2031-02-24      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| OPTION CARE HEALTH INC                                            | Option Care Health Inc                                                           | CUSIP: 68404LAA0<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | DBT              | CORP              | US        |   2344000 | PA      | $2262722.97   | 0.47%             | 2029-10-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BELRON UK FINANCE PLC                                             | Belron UK Finance PLC                                                            | CUSIP: 080782AA3<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |   1777000 | PA      | $1801769.60   | 0.37%             | 2029-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| SIMMONS FOOD INC/SIMMONS                                          | Simmons Foods Inc/Simmons Prepared Foods Inc/Simmons Pet Food Inc/Simmons Feed   | CUSIP: 82873MAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2824000 | PA      | $2711572.04   | 0.56%             | 2029-03-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC                                                     | CoreWeave Inc                                                                    | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |   1341000 | PA      | $1386599.36   | 0.29%             | 2030-06-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                                           | EUR/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-6010.50     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PG&E CORP                                                         | PG&E Corp                                                                        | CUSIP: 69331CAJ7<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |   1299000 | PA      | $1281814.36   | 0.26%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| DISCOVERY COMMUNICATIONS                                          | Discovery Communications LLC                                                     | CUSIP: 25470DBS7<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |    645000 | PA      | $630219.83    | 0.13%             | 2028-03-20      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                                          | Olympus Water US Holding Corp                                                    | CUSIP: 000000000<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    640000 | PA      | $788450.19    | 0.16%             | 2028-11-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| HOWDEN UK REFINANCE / US                                          | Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC    | CUSIP: 44287GAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    843000 | PA      | $868585.89    | 0.18%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| NORTHRIVER MIDSTREAM FIN                                          | Northriver Midstream Finance LP                                                  | CUSIP: 66679NAB6<br>LEI: 549300SOLNLY3BL6GF18 | Long             | DBT              | CORP              | CA        |   1573000 | PA      | $1609612.83   | 0.33%             | 2032-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| RIVERS ENTERPRISE                                                 | Rivers Enterprise Lender LLC / Rivers Enterprise Lender Corp                     | CUSIP: 76884GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    623000 | PA      | $628944.32    | 0.13%             | 2030-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                                              | WR Grace Holdings LLC                                                            | CUSIP: 92943GAA9<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |   2253000 | PA      | $2095938.41   | 0.43%             | 2029-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| MH Sub I LLC                                                      | MH SUB I LLC                                                                     | CUSIP: 45567YAN5<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |   1812096 | PA      | $1747540.50   | 0.36%             | 2028-05-03      | Floating      | 8.25%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                               | NCL Corp Ltd                                                                     | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   1708000 | PA      | $1757628.66   | 0.36%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                              | OneMain Finance Corp                                                             | CUSIP: 682691AF7<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    609000 | PA      | $637161.26    | 0.13%             | 2031-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                          | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1520000 | PA      | $1548150.40   | 0.32%             | 2028-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC                                             | Ellucian Holdings Inc                                                            | CUSIP: 289178AA3<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | DBT              | CORP              | US        |   1665000 | PA      | $1695665.97   | 0.35%             | 2029-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CARVANA CO                                                        | Carvana Co                                                                       | CUSIP: 146869AM4<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |   1658500 | PA      | $1879027.43   | 0.39%             | 2031-06-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                 | Iron Mountain Inc                                                                | CUSIP: 46284VAG6<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |   1440000 | PA      | $1432329.41   | 0.30%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARSENAL AIC PARENT LLC                                            | Arsenal AIC Parent LLC                                                           | CUSIP: 04288BAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2490000 | PA      | $2639517.03   | 0.54%             | 2030-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: —       |
| Citibank, National Association                                    | GBP/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-5504.38     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FORVIA SE                                                         | Forvia SE                                                                        | CUSIP: 31209DAC9<br>LEI: 969500F0VMZLK2IULV85 | Long             | DBT              | CORP              | FR        |   1128000 | PA      | $1145127.44   | 0.24%             | 2033-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| Flash Charm Inc (fka Idera Inc)                                   | IDERA INC                                                                        | CUSIP: 45168RAT0<br>LEI: 549300VQ6S3PWR8NUC48 | Long             | LON              | CORP              | US        |    841735 | PA      | $740727.19    | 0.15%             | 2028-03-02      | Floating      | 7.80%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                                           | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2056000 | PA      | $2085419.65   | 0.43%             | 2032-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                                              | Fiesta Purchaser Inc                                                             | CUSIP: 31659AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1008000 | PA      | $1065081.02   | 0.22%             | 2031-03-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                                              | Fiesta Purchaser Inc                                                             | CUSIP: 31659AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1625000 | PA      | $1758399.50   | 0.36%             | 2032-09-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                             | Bausch Health Cos Inc                                                            | CUSIP: 071734AQ0<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |   1392000 | PA      | $1448987.32   | 0.30%             | 2028-09-30      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| PHH ESCROW ISS LCC/PHH C                                          | PHH Escrow Issuer LLC/PHH Corp                                                   | CUSIP: 716964AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1225000 | PA      | $1242750.25   | 0.26%             | 2029-11-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| CABLEVISION LIGHTPATH                                             | Cablevision Lightpath LLC                                                        | CUSIP: 12687GAA7<br>LEI: 5493002ZVBLRLGES1R71 | Long             | DBT              | CORP              | US        |   1384000 | PA      | $1344799.86   | 0.28%             | 2027-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| SM ENERGY CO                                                      | SM Energy Co                                                                     | CUSIP: 78454LAX8<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |   1694000 | PA      | $1703440.66   | 0.35%             | 2029-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MOSS CREEK RESOURCES HLD                                          | Moss Creek Resources Holdings Inc                                                | CUSIP: 61965RAC9<br>LEI: 54930037SLMSPWKYIX36 | Long             | DBT              | CORP              | US        |   1376000 | PA      | $1349358.44   | 0.28%             | 2031-09-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| MAYA SAS/FRANCE                                                   | Maya SAS/Paris France                                                            | CUSIP: 449691AF1<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |   1185000 | PA      | $1271887.76   | 0.26%             | 2031-04-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                                              | Chart Industries Inc                                                             | CUSIP: 16115QAF7<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |   1167000 | PA      | $1215996.50   | 0.25%             | 2030-01-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                                         | PG&E Corp                                                                        | CUSIP: 69331CAH1<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    820000 | PA      | $813033.26    | 0.17%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Help Systems Holdings Inc                                         | HS Purchaser LLC                                                                 | CUSIP: 42351EAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1039639 | PA      | $985645.75    | 0.20%             | 2026-11-19      | Floating      | 8.16%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                             | Level 3 Financing Inc                                                            | CUSIP: 527298BT9<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   1184000 | PA      | $1015195.04   | 0.21%             | 2029-07-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| EW SCRIPPS CO                                                     | EW Scripps Co/The                                                                | CUSIP: 811054AH8<br>LEI: 549300U1OW41QPKYW028 | Long             | DBT              | CORP              | US        |    979000 | PA      | $919832.25    | 0.19%             | 2030-08-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES/ESCR                                          | Windstream Services LLC / Windstream Escrow Finance Corp                         | CUSIP: 97381AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1267000 | PA      | $1313437.31   | 0.27%             | 2031-10-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| APH/APH2/APH3/AQUARIAN                                            | APH Somerset Investor 2 LLC / APH2 Somerset Investor 2 LLC / APH3 Somerset Inves | CUSIP: 00188QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1075000 | PA      | $1122783.75   | 0.23%             | 2029-11-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| STAPLES INC                                                       | Staples Inc                                                                      | CUSIP: 855030AQ5<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |   1519000 | PA      | $1509535.87   | 0.31%             | 2029-09-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                                    | Gray Media Inc                                                                   | CUSIP: 389375AP1<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   1259000 | PA      | $1248396.32   | 0.26%             | 2033-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                                          | Olympus Water US Holding Corp                                                    | CUSIP: 681639AE0<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |   1224000 | PA      | $1226039.84   | 0.25%             | 2033-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                                                    | Rocket Cos Inc                                                                   | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    966000 | PA      | $992135.13    | 0.20%             | 2030-08-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| NORTHERN OIL & GAS INC                                            | Northern Oil & Gas Inc                                                           | CUSIP: 665530AB7<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |   2523000 | PA      | $2609652.44   | 0.54%             | 2031-06-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| SS&C TECHNOLOGIES INC                                             | SS&C Technologies Inc                                                            | CUSIP: 78466CAD8<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |   1011000 | PA      | $1046361.85   | 0.22%             | 2032-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                                          | American Airlines Inc/AAdvantage Loyalty IP Ltd                                  | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   2317451 | PA      | $2328054.20   | 0.48%             | 2029-04-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA BUYER/ATLANTI                                          | California Buyer Ltd / Atlantica Sustainable Infrastructure PLC                  | CUSIP: 13005HAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   3270000 | PA      | $3353878.77   | 0.69%             | 2032-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| AETHON UN/AETHIN UN FIN                                           | Aethon United BR LP / Aethon United Finance Corp                                 | CUSIP: 00810GAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1485000 | PA      | $1549806.89   | 0.32%             | 2029-10-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Citibank, National Association                                    | USD/EUR FORWARD                                                                  | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-58048.13    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Invesco Senior Loan ETF                                           | Invesco Senior Loan ETF                                                          | CUSIP: 46138G508<br>LEI: 549300SIHU6DQELRNG59 | Long             | EC               | RF                | US        |     69807 | NS      | $1461060.51   | 0.30%             |  |  |  | No            |                  1 | On Loan: —       |
| ALBION FINANCING 1SARL /                                          | Albion Financing 1 SARL / Aggreko Holdings Inc                                   | CUSIP: 01330AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   1968000 | PA      | $2040422.40   | 0.42%             | 2030-05-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                                            | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAB1<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |   2589000 | PA      | $2661991.68   | 0.55%             | 2030-04-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC                                            | AthenaHealth Group Inc                                                           | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |   4690000 | PA      | $4655636.23   | 0.96%             | 2030-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                                            | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 004961AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2039000 | PA      | $2101197.66   | 0.43%             | 2032-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| DREYFUS INSTITUTIONAL PREFERRE                                    | DREYFUS INSTITUTIONAL PREFERRED GOVERNMENT PLUS MONEY MARKET FUND                | CUSIP: 000000000<br>LEI: 549300RBWL04JG8SIX57 | Long             | STIV             | RF                | US        |  13263911 | NS      | $13263910.94  | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| ENCORE CAPITAL GROUP INC                                          | Encore Capital Group Inc                                                         | CUSIP: 292554AR3<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |   2201000 | PA      | $2339214.00   | 0.48%             | 2030-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| DREYFUS INSTITUTIONAL PREFERRED GOVERNMENT PLUS MONEY MARKET FUND | DREYFUS INSTITUTIONAL PREFERRED GOVERNMENT PLUS MONEY MARKET FUND                | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  19404868 | NS      | $19404867.59  | 4.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LEVEL 3 FINANCING INC                                             | Level 3 Financing Inc                                                            | CUSIP: 527298CN1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    778000 | PA      | $792065.53    | 0.16%             | 2034-03-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                 | Post Holdings Inc                                                                | CUSIP: 737446AP9<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1395923.48   | 0.29%             | 2029-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Diameter Capital CLO                                              | Diameter Capital Clo 3 Ltd                                                       | CUSIP: 25255KAG9<br>LEI: 254900L1QJX98W5ORK78 | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $813706.40    | 0.17%             | 2038-01-15      | Floating      | 9.57%                 | No            |                  2 | On Loan: No      |
| MERCER INTL INC                                                   | Mercer International Inc                                                         | CUSIP: 588056BC4<br>LEI: 549300Z5IAG39VRTY874 | Long             | DBT              | CORP              | US        |    490000 | PA      | $446540.06    | 0.09%             | 2028-10-01      | Fixed         | 12.88%                | No            |                  2 | On Loan: —       |
| Rockford Tower CLO Ltd                                            | Rockford Tower CLO 2022-2 Ltd                                                    | CUSIP: 77340NAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $744470.25    | 0.15%             | 2035-10-20      | Floating      | 12.45%                | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                                               | United Airlines Inc                                                              | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |   1871000 | PA      | $1843765.26   | 0.38%             | 2029-04-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                                     | DISH DBS Corp                                                                    | CUSIP: 25470XBD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    940000 | PA      | $804653.98    | 0.17%             | 2029-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                          | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBN9<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   2694000 | PA      | $2856574.82   | 0.59%             | 2032-01-15      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                                                  | UWM Holdings LLC                                                                 | CUSIP: 903522AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1259000 | PA      | $1253790.72   | 0.26%             | 2031-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CQP HOLDCO LP/BIP-V CHIN                                          | CQP Holdco LP / BIP-V Chinook Holdco LLC                                         | CUSIP: 12657NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2377000 | PA      | $2356461.06   | 0.49%             | 2031-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Peraton Corp                                                      | Peraton Corp                                                                     | CUSIP: 71360HAB3<br>LEI: 549300EQPCK07ZW63836 | Long             | LON              | CORP              | US        |    856853 | PA      | $724845.99    | 0.15%             | 2028-02-01      | Floating      | 8.01%                 | No            |                  2 | On Loan: No      |
| DYCOM INDUSTRIES INC                                              | Dycom Industries Inc                                                             | CUSIP: 267475AD3<br>LEI: 549300F56EKTHQI3WT60 | Long             | DBT              | CORP              | US        |   2389000 | PA      | $2335364.80   | 0.48%             | 2029-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HUGHES SATELLITE SYSTEMS                                          | Hughes Satellite Systems Corp                                                    | CUSIP: 444454AD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    626000 | PA      | $614421.94    | 0.13%             | 2026-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| CTEC II GMBH                                                      | CTEC II GmbH                                                                     | CUSIP: 000000000<br>LEI: 98450044C9BACG3DA974 | Long             | DBT              | CORP              | DE        |    909000 | PA      | $994352.06    | 0.20%             | 2030-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MH Sub I LLC                                                      | MH Sub I LLC                                                                     | CUSIP: 55303BAD5<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |    854000 | PA      | $745981.81    | 0.15%             | 2029-02-23      | Floating      | 10.41%                | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                             | Tenet Healthcare Corp                                                            | CUSIP: 88033GDH0<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   1515000 | PA      | $1502509.28   | 0.31%             | 2028-06-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                     | TransDigm Inc                                                                    | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1625000 | PA      | $1647332.26   | 0.34%             | 2033-05-31      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                                      | Centene Corp                                                                     | CUSIP: 15135BAT8<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   1771000 | PA      | $1718279.49   | 0.35%             | 2029-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                            | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3176000 | PA      | $2892355.25   | 0.60%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| SC GAMES HOLDIN/US FINCO                                          | Scientific Games Holdings LP/Scientific Games US FinCo Inc                       | CUSIP: 80874DAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1280000 | PA      | $1190941.52   | 0.25%             | 2030-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| DOTDASH MEREDITH INC                                              | Dotdash Meredith Inc                                                             | CUSIP: 25849JAA8<br>LEI: 549300R2AA7U9CJUQO13 | Long             | DBT              | CORP              | US        |   1196000 | PA      | $1185893.80   | 0.24%             | 2032-06-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                                            | Match Group Holdings II LLC                                                      | CUSIP: 57665RAL0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |   1857000 | PA      | $1755584.77   | 0.36%             | 2030-08-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                                              | Matador Resources Co                                                             | CUSIP: 576485AG1<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |   1449000 | PA      | $1463879.78   | 0.30%             | 2032-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| X Corp (f/k/a Twitter Inc)                                        | X CORP                                                                           | CUSIP: 90184NAK4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4452802 | PA      | $4472905.95   | 0.92%             | 2029-10-26      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| INSULET CORPORATION                                               | Insulet Corp                                                                     | CUSIP: 45784PAL5<br>LEI: 549300TZTYD2PYN92D43 | Long             | DBT              | CORP              | US        |   1184000 | PA      | $1231989.89   | 0.25%             | 2033-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| RLJ LODGING TRUST LP                                              | RLJ Lodging Trust LP                                                             | CUSIP: 74965LAB7<br>LEI: 549300RX5I8Z6I6LDZ74 | Long             | DBT              | CORP              | US        |   1647000 | PA      | $1556628.12   | 0.32%             | 2029-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| StubHub Holdco Sub LLC (F/K/A Pug LLC)                            | PUG LLC                                                                          | CUSIP: 74530DAH8<br>LEI: 549300NL9JUFIOARLW93 | Long             | LON              | CORP              | US        |    606131 | PA      | $602342.85    | 0.12%             | 2030-03-15      | Floating      | 8.91%                 | No            |                  2 | On Loan: No      |
| CORNERSTONE BUILDING                                              | Cornerstone Building Brands Inc                                                  | CUSIP: 21925DAB5<br>LEI: 549300IW41QEWQ6T0H29 | Long             | DBT              | CORP              | US        |    765000 | PA      | $744039.00    | 0.15%             | 2029-08-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| BKV UPSTREAM MIDSTREAM L                                          | BKV Upstream Midstream LLC                                                       | CUSIP: 05619CAA3<br>LEI: 254900LG75NBYHBBAU18 | Long             | DBT              | CORP              | US        |   1575000 | PA      | $1575064.31   | 0.32%             | 2030-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                 | Post Holdings Inc                                                                | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    851000 | PA      | $861049.46    | 0.18%             | 2033-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| VFH PARENT / VALOR CO                                             | VFH Parent LLC / Valor Co-Issuer Inc                                             | CUSIP: 91824YAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3903000 | PA      | $4039269.34   | 0.83%             | 2031-06-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                                            | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAC9<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |   1171000 | PA      | $1202686.32   | 0.25%             | 2030-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                                                   | Madison IAQ LLC                                                                  | CUSIP: 55760LAA5<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |   1984000 | PA      | $1938120.99   | 0.40%             | 2028-06-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| GLOBAL ATLANTIC FIN CO                                            | Global Atlantic Fin Co                                                           | CUSIP: 37959GAD9<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |   1318000 | PA      | $1528468.13   | 0.32%             | 2033-06-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: —       |
| CORELOGIC INC                                                     | CoreLogic Inc                                                                    | CUSIP: 21871DAD5<br>LEI: 54930086CD8K2UIL0516 | Long             | DBT              | CORP              | US        |   2405000 | PA      | $2339649.42   | 0.48%             | 2028-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                             | Quikrete Holdings Inc                                                            | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    350000 | PA      | $364157.05    | 0.08%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ARCOSA INC                                                        | Arcosa Inc                                                                       | CUSIP: 039653AC4<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |   1240000 | PA      | $1296194.32   | 0.27%             | 2032-08-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                          | Vistra Operations Co LLC                                                         | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   2235000 | PA      | $2366679.50   | 0.49%             | 2031-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL                                                  | Allied Universal Holdco LLC / Allied Universal Finance Corp                      | CUSIP: 019576AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1010000 | PA      | $1038971.85   | 0.21%             | 2030-06-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| MIWD HLDCO II/MIWD FIN                                            | MIWD Holdco II LLC / MIWD Finance Corp                                           | CUSIP: 55337PAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1520000 | PA      | $1484452.29   | 0.31%             | 2030-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| RITHM CAPITAL CORP                                                | Rithm Capital Corp                                                               | CUSIP: 64828TAC6<br>LEI: 549300WNTHGEO5LP2G31 | Long             | DBT              | CORP              | US        |   1208000 | PA      | $1237722.84   | 0.26%             | 2030-07-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Trimaran CAVU Ltd                                                 | Trimaran Cavu 2019-1 Ltd                                                         | CUSIP: 896218AW4<br>LEI: 549300IGMQ24BLOIU872 | Long             | ABS-CBDO         | CORP              | KY        |   1400000 | PA      | $1398391.40   | 0.29%             | 2037-01-20      | Floating      | 10.33%                | No            |                  2 | On Loan: No      |
| QNITY ELECTRONICS INC                                             | Qnity Electronics Inc                                                            | CUSIP: 74743LAB6<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |    669000 | PA      | $684009.68    | 0.14%             | 2033-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ARIS WATER HOLDINGS LLC                                           | Aris Water Holdings LLC                                                          | CUSIP: 04041NAA0<br>LEI: 5493007AWQW8ZKCHVV46 | Long             | DBT              | CORP              | US        |   2315000 | PA      | $2445852.04   | 0.50%             | 2030-04-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| TRANSDIGM INC                                                     | TransDigm Inc                                                                    | CUSIP: 893647BT3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    467000 | PA      | $487706.64    | 0.10%             | 2031-12-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| GOAT HOLDCO LLC                                                   | Goat Holdco LLC                                                                  | CUSIP: 38021MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2711000 | PA      | $2781200.56   | 0.57%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| CLOUD SOFTWARE GRP INC                                            | Cloud Software Group Inc                                                         | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   1413000 | PA      | $1467176.40   | 0.30%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| BEACH ACQUISITION BIDCO                                           | Beach Acquisition Bidco LLC                                                      | CUSIP: 07337JAE7<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |    860000 | PA      | $1037472.74   | 0.21%             | 2032-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                             | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102CF2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1209000 | PA      | $1221694.50   | 0.25%             | 2029-01-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                  | CSC Holdings LLC                                                                 | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   2751000 | PA      | $2315156.59   | 0.48%             | 2029-01-31      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAYS/LOYALTY                                           | JetBlue Airways Corp / JetBlue Loyalty LP                                        | CUSIP: 476920AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   2145000 | PA      | $2177447.42   | 0.45%             | 2031-09-20      | Fixed         | 9.88%                 | No            |                  2 | On Loan: —       |
| IQVIA INC                                                         | IQVIA Inc                                                                        | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |   1306000 | PA      | $1344384.65   | 0.28%             | 2032-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                             | Caesars Entertainment Inc                                                        | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   1185000 | PA      | $1219652.26   | 0.25%             | 2030-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PETSMART LLC/PETSMART FI                                          | PetSmart LLC / PetSmart Finance Corp                                             | CUSIP: 71677KAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    676000 | PA      | $683881.00    | 0.14%             | 2033-09-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| BLOCK COMMUNICATIONS INC                                          | Block Communications Inc                                                         | CUSIP: 093645AJ8<br>LEI: M5G68A9OHJWIL4SFC742 | Long             | DBT              | CORP              | US        |   1244000 | PA      | $1192461.20   | 0.25%             | 2028-03-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CAMELOT RETURN MERGER SU                                          | Camelot Return Merger Sub Inc                                                    | CUSIP: 13323NAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2402000 | PA      | $2326205.37   | 0.48%             | 2028-08-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                           | Starwood Property Trust Inc                                                      | CUSIP: 85571BBD6<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    627000 | PA      | $649031.74    | 0.13%             | 2030-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| IXS Holdings Inc                                                  | IXS HOLDINGS INC                                                                 | CUSIP: 000000000<br>LEI: 254900I3GPHU9VH9Z454 | Long             | LON              | CORP              | US        |    745000 | PA      | $744381.65    | 0.15%             | 2029-09-05      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| ADT SEC CORP                                                      | ADT Security Corp/The                                                            | CUSIP: 74166NAA2<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |   1035000 | PA      | $1003682.52   | 0.21%             | 2032-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| TGNR INTERMEDIATE HOLDIN                                          | TGNR Intermediate Holdings LLC                                                   | CUSIP: 77289KAA3<br>LEI: 5493007AZNVKZ5HEMT23 | Long             | DBT              | CORP              | US        |   4129000 | PA      | $4043610.22   | 0.83%             | 2029-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                                          | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 18060TAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   1235000 | PA      | $1276749.18   | 0.26%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WHITE CAP BUYER LLC                                               | White Cap Buyer LLC                                                              | CUSIP: 96350RAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1223000 | PA      | $1220480.01   | 0.25%             | 2028-10-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                                      | Entegris Inc                                                                     | CUSIP: 29365BAB9<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |   2590000 | PA      | $2629458.65   | 0.54%             | 2030-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                                               | LBM Acquisition LLC                                                              | CUSIP: 05552BAA4<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |   1314000 | PA      | $1217532.43   | 0.25%             | 2029-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NORTHERN OIL & GAS INC                                            | Northern Oil & Gas Inc                                                           | CUSIP: 665531AG4<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |   1454000 | PA      | $1479545.33   | 0.30%             | 2028-03-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| GEON PERFORMANCE SOLUTIO                                          | GEON PERFORMANCE SOLUTIO                                                         | CUSIP: 37254YAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    806058 | PA      | $757895.98    | 0.16%             | 2028-08-18      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                                            | Comstock Resources Inc                                                           | CUSIP: 205768AS3<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |   1631000 | PA      | $1629469.47   | 0.34%             | 2029-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                    | NRG Energy Inc                                                                   | CUSIP: 629377CS9<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   1390000 | PA      | $1281948.91   | 0.26%             | 2032-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| PARK INTERMED HOLDINGS                                            | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1780000 | PA      | $1736909.05   | 0.36%             | 2029-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT                                            | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc               | CUSIP: 31556TAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1064000 | PA      | $1013516.50   | 0.21%             | 2029-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                  | CSC Holdings LLC                                                                 | CUSIP: 126307BM8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    827000 | PA      | $766238.57    | 0.16%             | 2028-05-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                                                  | UWM Holdings LLC                                                                 | CUSIP: 903522AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1706000 | PA      | $1736986.35   | 0.36%             | 2030-02-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                               | Sirius XM Radio LLC                                                              | CUSIP: 82967NBG2<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   1260000 | PA      | $1182635.46   | 0.24%             | 2030-07-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC                                           | Light & Wonder International Inc                                                 | CUSIP: 531968AB1<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |   1731000 | PA      | $1735102.47   | 0.36%             | 2033-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Russell Investments US Institutional Holdco Inc.                  | RUSSELL INVESTMENTS US INSTITUTIONAL HOLDCO INC                                  | CUSIP: 78249LAE0<br>LEI: 5493008YG7V0FQCJQI74 | Long             | LON              | CORP              | US        |    745309 | PA      | $717493.86    | 0.15%             | 2027-05-30      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH AMERICAS                                            | Bausch Health Americas Inc                                                       | CUSIP: 91911XAW4<br>LEI: KOO0397YRO83WY5MGD97 | Long             | DBT              | CORP              | US        |    644000 | PA      | $638171.80    | 0.13%             | 2027-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                                          | Olympus Water US Holding Corp                                                    | CUSIP: 25259KAA8<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    963000 | PA      | $1011270.38   | 0.21%             | 2028-11-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES INC                                            | Lumen Technologies Inc                                                           | CUSIP: 550241AB9<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |    520050 | PA      | $512498.88    | 0.11%             | 2029-04-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                                                | Ardonagh Finco Ltd                                                               | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |   2797000 | PA      | $2928931.69   | 0.60%             | 2031-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                                          | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1761000 | PA      | $1661447.85   | 0.34%             | 2030-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARCHES BUYER INC                                                  | Arches Buyer Inc                                                                 | CUSIP: 039524AB9<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |   2640000 | PA      | $2590319.95   | 0.53%             | 2028-12-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| iShares iBoxx $ High Yield Corporate Bond ETF                     | iShares iBoxx $ High Yield Corporate Bond ETF                                    | CUSIP: 464288513<br>LEI: 549300FCCXHK7O37PQ68 | Long             | EC               | RF                | US        |     31880 | NS      | $2588337.20   | 0.53%             |  |  |  | No            |                  1 | On Loan: —       |
| MEDLINE BORROWER LP                                               | Medline Borrower LP                                                              | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   1014000 | PA      | $1005982.50   | 0.21%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                                           | Royal Caribbean Cruises Ltd                                                      | CUSIP: 780153BV3<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   3021000 | PA      | $3099185.96   | 0.64%             | 2033-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FORTESCUE TREASURY PTY L                                          | Fortescue Treasury Pty Ltd                                                       | CUSIP: 30251GBE6<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |   1523000 | PA      | $1574946.48   | 0.32%             | 2032-04-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: —       |
| ELASTIC NV                                                        | Elastic NV                                                                       | CUSIP: 28415LAA1<br>LEI: 2549003I48WHHH937I59 | Long             | DBT              | CORP              | NL        |   2965000 | PA      | $2849627.11   | 0.59%             | 2029-07-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| MIDWEST GMNG BOR/MWG FIN                                          | Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp                        | CUSIP: 59833DAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1834000 | PA      | $1784060.91   | 0.37%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| VIRTUSA CORP                                                      | Virtusa Corp                                                                     | CUSIP: 92837TAA0<br>LEI: C77OMXDER63WLJCSKT03 | Long             | DBT              | CORP              | US        |   3424000 | PA      | $3357643.91   | 0.69%             | 2028-12-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| NCL FINANCE LTD                                                   | NCL Finance Ltd                                                                  | CUSIP: 62888HAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    830000 | PA      | $848680.81    | 0.17%             | 2028-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                                            | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 65342QAL6<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |   1017000 | PA      | $1003174.39   | 0.21%             | 2026-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                             | Tenet Healthcare Corp                                                            | CUSIP: 88033GDU1<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   2050000 | PA      | $2123951.23   | 0.44%             | 2031-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| JANE STREET GRP/JSG FIN                                           | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2369000 | PA      | $2486685.41   | 0.51%             | 2031-04-30      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| SPDR Bloomberg High Yield Bond ETF                                | SPDR Bloomberg High Yield Bond ETF                                               | CUSIP: 78468R622<br>LEI: 549300NCLW2248PN7J24 | Long             | EC               | RF                | US        |     26455 | NS      | $2592325.45   | 0.53%             |  |  |  | No            |                  1 | On Loan: —       |
| ECHOSTAR CORP                                                     | EchoStar Corp                                                                    | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |   2732000 | PA      | $3007795.40   | 0.62%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                                             | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAH0<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   1409000 | PA      | $1438449.51   | 0.30%             | 2034-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                                          | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AL5<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1562707.91   | 0.32%             | 2031-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| STONEPEAK NILE PARENT                                             | Stonepeak Nile Parent LLC                                                        | CUSIP: 861932AA9<br>LEI: 254900TJV3VAFZD0GU41 | Long             | DBT              | CORP              | US        |   1748000 | PA      | $1842142.04   | 0.38%             | 2032-03-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HUGHES SATELLITE SYSTEMS                                          | Hughes Satellite Systems Corp                                                    | CUSIP: 444454AF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    470000 | PA      | $447402.87    | 0.09%             | 2026-08-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| US ACUTE CARE SOLUTIONS                                           | US Acute Care Solutions LLC                                                      | CUSIP: 90367UAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1193000 | PA      | $1223102.17   | 0.25%             | 2029-05-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                          | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1116000 | PA      | $1151357.56   | 0.24%             | 2032-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                                          | Rockies Express Pipeline LLC                                                     | CUSIP: 77340RAT4<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |   2199000 | PA      | $2148670.83   | 0.44%             | 2030-05-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| RAVEN ACQUISITION HOLDIN                                          | Raven Acquisition Holdings LLC                                                   | CUSIP: 75420NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2186000 | PA      | $2251947.25   | 0.46%             | 2031-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SAMARCO MINERACAO SA                                              | Samarco Mineracao SA                                                             | CUSIP: 79588YAA7<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |   1953836 | PA      | $1965197.10   | 0.41%             | 2031-06-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                                | Viking Cruises Ltd                                                               | CUSIP: 92676XAH0<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | US        |    938000 | PA      | $939830.77    | 0.19%             | 2033-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| RAKUTEN GROUP INC                                                 | Rakuten Group Inc                                                                | CUSIP: 75102WAK4<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |   1147000 | PA      | $1290793.43   | 0.27%             | 2029-04-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                          | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    565000 | PA      | $511635.29    | 0.11%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                                            | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 98380MAA3<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |   1629000 | PA      | $1708462.62   | 0.35%             | 2031-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: —       |
| ICAHN ENTERPRISES/FIN                                             | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102CK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    983000 | PA      | $988571.25    | 0.20%             | 2029-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                    | NRG Energy Inc                                                                   | CUSIP: 629377CU4<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    995000 | PA      | $1087705.15   | 0.22%             | N/A             | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| 522 Funding CLO LTD                                               | ASSURANT CLO II LTD                                                              | CUSIP: 04623HAA9<br>LEI: 6354003JXBM4LA5YCP98 | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $800299.20    | 0.16%             | 2031-04-20      | Floating      | 10.19%                | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                                                   | Sealed Air Corp                                                                  | CUSIP: 81211KBA7<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |   2064000 | PA      | $2054166.28   | 0.42%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL                                           | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC                  | CUSIP: 91327BAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1531000 | PA      | $1439170.77   | 0.30%             | 2029-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                                          | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 18060TAE5<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    596000 | PA      | $609579.86    | 0.13%             | 2032-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                            | Venture Global LNG Inc                                                           | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   2854000 | PA      | $2830538.98   | 0.58%             | N/A             | Fixed         | 9.00%                 | No            |                  2 | On Loan: —       |
| WAND NEWCO 3 INC                                                  | Wand NewCo 3 Inc                                                                 | CUSIP: 933940AA6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | DBT              | CORP              | US        |   2676000 | PA      | $2821574.40   | 0.58%             | 2032-01-30      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                           | Starwood Property Trust Inc                                                      | CUSIP: 85571BBB0<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |   1425000 | PA      | $1498095.69   | 0.31%             | 2029-04-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Citibank, National Association                                    | USD/EUR FORWARD                                                                  | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $2005.10      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| X.Ai Corp.                                                        | XAI CORP                                                                         | CUSIP: 98402XAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    965829 | PA      | $1003598.14   | 0.21%             | 2028-06-30      | Fixed         | 12.50%                | No            |                  2 | On Loan: No      |
| COMMSCOPE TECH LLC                                                | CommScope Technologies LLC                                                       | CUSIP: 20338HAB9<br>LEI: M4TWC4QDOKW45N7T6Y12 | Long             | DBT              | CORP              | US        |    562000 | PA      | $558066.79    | 0.12%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VERITIV OPERATING CO                                              | Veritiv Operating Co                                                             | CUSIP: 92339LAA0<br>LEI: 5493004G8OK5L1UTIY12 | Long             | DBT              | CORP              | US        |   1068000 | PA      | $1147542.47   | 0.24%             | 2030-11-30      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                              | LifePoint Health Inc                                                             | CUSIP: 53219LAX7<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |   1020000 | PA      | $1072233.18   | 0.22%             | 2032-06-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Burgess Point Purchaser Corporation                               | BURGESS POINT PURCH                                                              | CUSIP: 12125BAB6<br>LEI: 2549005A9U287LUM9420 | Long             | LON              | CORP              | US        |    643346 | PA      | $561370.97    | 0.12%             | 2029-07-25      | Floating      | 9.51%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                     | TransDigm Inc                                                                    | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   2205000 | PA      | $2257150.46   | 0.47%             | 2029-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                             | Tenet Healthcare Corp                                                            | CUSIP: 88033GDQ0<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   1132000 | PA      | $1147855.74   | 0.24%             | 2030-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| SAMARCO MINERACAO SA                                              | Samarco Mineracao SA                                                             | CUSIP: 000000000<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |    267458 | PA      | $269013.66    | 0.06%             | 2031-06-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                                          | Sinclair Television Group Inc                                                    | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |   2022000 | PA      | $2076745.59   | 0.43%             | 2033-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                                     | DISH DBS Corp                                                                    | CUSIP: 25470XBF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    781000 | PA      | $749361.69    | 0.15%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SELECT MEDICAL CORP                                               | Select Medical Corp                                                              | CUSIP: 816196AV1<br>LEI: 549300X05KS0JKR8CB50 | Long             | DBT              | CORP              | US        |    810000 | PA      | $811092.69    | 0.17%             | 2032-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| NEPTUNE BIDCO US INC                                              | Neptune Bidco US Inc                                                             | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |   1284000 | PA      | $1261658.40   | 0.26%             | 2029-04-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                                               | Station Casinos LLC                                                              | CUSIP: 857691AH2<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |   1640000 | PA      | $1548479.64   | 0.32%             | 2031-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: —       |
| GRAFTECH GLOBAL ENTERPRI                                          | GrafTech Global Enterprises Inc                                                  | CUSIP: 38431AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    338000 | PA      | $289835.00    | 0.06%             | 2029-12-23      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                                          | Graphic Packaging International LLC                                              | CUSIP: 38869AAE7<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    967000 | PA      | $983165.34    | 0.20%             | 2032-07-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| GRAFTECH FINANCE INC                                              | GrafTech Finance Inc                                                             | CUSIP: 384311AC0<br>LEI: 1Z010BU876CF2HDBIN43 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1304835.65   | 0.27%             | 2029-12-23      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                     | Citigroup Inc                                                                    | CUSIP: 172967MV0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2614000 | PA      | $2592740.08   | 0.53%             | N/A             | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Zayo Group Holdings Inc                                           | Zayo Group Holdings Inc                                                          | CUSIP: 98919XAB7<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | LON              | CORP              | US        |    724579 | PA      | $716260.63    | 0.15%             | 2027-03-09      | Floating      | 7.43%                 | No            |                  2 | On Loan: No      |
| RITHM CAPITAL CORP                                                | Rithm Capital Corp                                                               | CUSIP: 64828TAB8<br>LEI: 549300WNTHGEO5LP2G31 | Long             | DBT              | CORP              | US        |   2667000 | PA      | $2731906.78   | 0.56%             | 2029-04-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| TEAM HEALTH HOLDINGS INC                                          | Team Health Holdings Inc                                                         | CUSIP: 87817AAE7<br>LEI: 549300PVTQ4UDTTMQT11 | Long             | DBT              | CORP              | US        |    220000 | PA      | $224932.40    | 0.05%             | 2028-06-30      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                     | TransDigm Inc                                                                    | CUSIP: 893647BS5<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   3130000 | PA      | $3245903.90   | 0.67%             | 2030-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                                          | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                              | CUSIP: 77313LAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1743000 | PA      | $1593125.53   | 0.33%             | 2033-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| TENET HEALTHCARE CORP                                             | Tenet Healthcare Corp                                                            | CUSIP: 88033GDM9<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    875000 | PA      | $855269.01    | 0.18%             | 2029-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                                            | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 00489LAK9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1596000 | PA      | $1667017.21   | 0.34%             | 2029-02-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                                      | Fibercop SpA                                                                     | CUSIP: 683879AH3<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |    996000 | PA      | $1009652.17   | 0.21%             | 2038-06-04      | Fixed         | 7.72%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                  | Altice France SA                                                                 | CUSIP: 02156LAA9<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   3060000 | PA      | $2927548.57   | 0.60%             | 2027-02-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| LABL INC                                                          | LABL Inc                                                                         | CUSIP: 50168QAE5<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |   1411000 | PA      | $1200461.87   | 0.25%             | 2028-11-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA                                          | Jones Deslauriers Insurance Management Inc                                       | CUSIP: 48020RAE5<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |   1877000 | PA      | $1868334.08   | 0.39%             | 2033-10-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| WASTE PRO USA INC                                                 | Waste Pro USA Inc                                                                | CUSIP: 94107JAC7<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |   1964000 | PA      | $2039215.31   | 0.42%             | 2033-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| St Pauls CLO                                                      | St Pauls CLO                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |   1000000 | PA      | $1176071.71   | 0.24%             | 2032-01-17      | Floating      | 8.04%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                | Energy Transfer LP                                                               | CUSIP: 29273VAJ9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   3318000 | PA      | $3316221.55   | 0.68%             | N/A             | Fixed         | 6.62%                 | No            |                  2 | On Loan: —       |
| UNITI GRP/UNITI HLD/CSL                                           | Uniti Group LP / Uniti Fiber Holdings Inc / CSL Capital LLC                      | CUSIP: 91327AAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1233000 | PA      | $1117542.79   | 0.23%             | 2030-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                                           | United Rentals North America Inc                                                 | CUSIP: 911365BN3<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    904000 | PA      | $865529.01    | 0.18%             | 2030-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                                                | Ardonagh Finco Ltd                                                               | CUSIP: 000000000<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | GB        |   1020000 | PA      | $1242749.85   | 0.26%             | 2031-02-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BEACON MOBILITY CORP                                              | Beacon Mobility Corp                                                             | CUSIP: 073644AA4<br>LEI: 254900EBTYFG24UQEM31 | Long             | DBT              | CORP              | US        |   1896000 | PA      | $1972605.98   | 0.41%             | 2030-08-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BLUE RACER MID LLC/FINAN                                          | Blue Racer Midstream LLC / Blue Racer Finance Corp                               | CUSIP: 095796AJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1092000 | PA      | $1133170.68   | 0.23%             | 2029-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES INC                                            | Lumen Technologies Inc                                                           | CUSIP: 550241AK9<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |   1087000 | PA      | $1101031.20   | 0.23%             | 2032-10-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC                                              | Alpha Generation LLC                                                             | CUSIP: 02073LAA9<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |   2275000 | PA      | $2350076.05   | 0.48%             | 2032-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                    | NRG Energy Inc                                                                   | CUSIP: 629377CX8<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   1212000 | PA      | $1243167.79   | 0.26%             | 2034-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                                         | PG&E Corp                                                                        | CUSIP: 69331CAL2<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    996000 | PA      | $1009744.80   | 0.21%             | 2027-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                            | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPBX0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2941000 | PA      | $2915105.20   | 0.60%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                          | Vistra Operations Co LLC                                                         | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   2785000 | PA      | $2914799.85   | 0.60%             | 2032-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUT                                            | Mauser Packaging Solutions Holding Co                                            | CUSIP: 57763RAD9<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |   1241000 | PA      | $1254716.77   | 0.26%             | 2027-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                              | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AR2<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    710000 | PA      | $725385.70    | 0.15%             | 2033-05-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Janus Henderson B-BBB CLO ETF                                     | Janus Henderson B-BBB CLO ETF                                                    | CUSIP: 47103U753<br>LEI: 549300UAMX73GRTHWH74 | Long             | EC               | RF                | US        |     30275 | NS      | $1458346.75   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| VILLA DUTCH BIDCO BV                                              | House of HR Group BV                                                             | CUSIP: 000000000<br>LEI: 724500AWBTX8I880X774 | Long             | DBT              | CORP              | NL        |    700000 | PA      | $814895.52    | 0.17%             | 2029-11-03      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Vaco Holdings LLC                                                 | Vaco Holdings LLC                                                                | CUSIP: 91865FAJ8<br>LEI: 54930076HTNXBP03T379 | Long             | LON              | CORP              | US        |   1759717 | PA      | $1520272.52   | 0.31%             | 2029-01-19      | Floating      | 9.15%                 | No            |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS                                          | EMRLD Borrower LP / Emerald Co-Issuer Inc                                        | CUSIP: 29103CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3180000 | PA      | $3272852.82   | 0.67%             | 2030-12-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd                                    | Palmer Square Loan Funding 2022-3 Ltd                                            | CUSIP: 69690DAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $803463.20    | 0.17%             | 2031-04-15      | Floating      | 10.22%                | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                                            | Comstock Resources Inc                                                           | CUSIP: 205768AT1<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |   1501000 | PA      | $1446739.45   | 0.30%             | 2030-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ARDONAGH GROUP FINANCE                                            | Ardonagh Group Finance Ltd                                                       | CUSIP: 039956AA5<br>LEI: 254900SRT1BTAJ76NW62 | Long             | DBT              | CORP              | JE        |   1478000 | PA      | $1554980.58   | 0.32%             | 2032-02-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| DEALER TIRE LLC/DT ISSR                                           | Dealer Tire LLC / DT Issuer LLC                                                  | CUSIP: 24229JAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1243000 | PA      | $1230424.59   | 0.25%             | 2028-02-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                          | Vistra Operations Co LLC                                                         | CUSIP: 92840VAH5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1175755.08   | 0.24%             | 2029-05-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                     | Carnival Corp                                                                    | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   3292000 | PA      | $3376492.47   | 0.70%             | 2033-02-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                            | Cloud Software Group Inc                                                         | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   1778000 | PA      | $1795993.91   | 0.37%             | 2029-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                             | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AC0<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   3096000 | PA      | $3260962.31   | 0.67%             | 2034-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Foncia Management                                                 | EMERIA SASU                                                                      | CUSIP: 000000000<br>LEI: 969500SA2FHM81LPJ311 | Long             | LON              | CORP              | FR        |   1000000 | PA      | $1014349.85   | 0.21%             | 2028-03-27      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                            | WESCO Distribution Inc                                                           | CUSIP: 95081QAS3<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |   1247000 | PA      | $1293560.71   | 0.27%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS                                          | Discovery Communications LLC                                                     | CUSIP: 25470DCA5<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |   1341000 | PA      | $1291952.93   | 0.27%             | 2029-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| SOTERA HEALTH HLDGS LLC                                           | Sotera Health Holdings LLC                                                       | CUSIP: 83600WAE9<br>LEI: 549300OVT7MBXFLOFU20 | Long             | DBT              | CORP              | US        |   1479000 | PA      | $1554825.37   | 0.32%             | 2031-06-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                                           | United Rentals North America Inc                                                 | CUSIP: 911365BP8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   1031000 | PA      | $955861.96    | 0.20%             | 2032-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: —       |
| FRONERI LUX FINCO SARL                                            | Froneri Lux FinCo SARL                                                           | CUSIP: 35901MAA5<br>LEI: 9845005YBZ75E5AA3B94 | Long             | DBT              | CORP              | LU        |   1710000 | PA      | $1714120.04   | 0.35%             | 2032-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HOWDEN UK REFINANCE / US                                          | Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC    | CUSIP: 44287DAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    770000 | PA      | $799566.46    | 0.16%             | 2032-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| BEACH ACQUISITION BIDCO                                           | Beach Acquisition Bidco LLC                                                      | CUSIP: 07337JAC1<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |   1158000 | PA      | $1251985.60   | 0.26%             | 2033-07-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FIN                                          | Virgin Media Secured Finance PLC                                                 | CUSIP: 92769XAP0<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |   1507000 | PA      | $1491055.52   | 0.31%             | 2029-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AAR ESCROW ISSUER LLC                                             | AAR Escrow Issuer LLC                                                            | CUSIP: 00253PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2146000 | PA      | $2210679.67   | 0.46%             | 2029-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| RAIN CARBON INC                                                   | Rain Carbon Inc                                                                  | CUSIP: 75079LAB7<br>LEI: 25490038N6JQH7QXUK52 | Long             | DBT              | CORP              | US        |   1551000 | PA      | $1662855.02   | 0.34%             | 2029-09-01      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| NASSAU COMPANIES OF NY                                            | Nassau Cos of New York/The                                                       | CUSIP: 63155AAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2483000 | PA      | $2538023.28   | 0.52%             | 2030-07-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: —       |
| PETSMART LLC/PETSMART FI                                          | PetSmart LLC / PetSmart Finance Corp                                             | CUSIP: 71677KAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1217000 | PA      | $1221851.30   | 0.25%             | 2032-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                    | NRG Energy Inc                                                                   | CUSIP: 629377DC3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    623000 | PA      | $622753.50    | 0.13%             | 2034-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                            | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1118000 | PA      | $967280.13    | 0.20%             | 2034-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| QXO BUILDING PRODUCTS                                             | QXO Building Products Inc                                                        | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |   1234000 | PA      | $1280763.90   | 0.26%             | 2032-04-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| UKG INC                                                           | UKG Inc                                                                          | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |   3557000 | PA      | $3672922.63   | 0.76%             | 2031-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| HUSKY INJECTION / TITAN                                           | Husky Injection Molding Systems Ltd / Titan Co-Borrower LLC                      | CUSIP: 44805RAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1295000 | PA      | $1355141.04   | 0.28%             | 2029-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Max US Bidco                                                      | MAX US BIDCO INC                                                                 | CUSIP: 57778YAB1<br>LEI: 254900BY85K73YD65D15 | Long             | LON              | CORP              | US        |   1132864 | PA      | $1109045.64   | 0.23%             | 2030-10-03      | Floating      | 9.00%                 | No            |                  2 | On Loan: No      |
| Polaris Newco LLC                                                 | Polaris Newco LLC                                                                | CUSIP: 73108RAB4<br>LEI: 254900LEPDAG7EDOA064 | Long             | LON              | CORP              | US        |    777974 | PA      | $751449.01    | 0.15%             | 2028-06-02      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                              | OneMain Finance Corp                                                             | CUSIP: 682691AE0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   1098000 | PA      | $1162727.10   | 0.24%             | 2030-03-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Gray Television Inc                                               | GRAY TELEVISION INC                                                              | CUSIP: 389376BC7<br>LEI: 529900TM5726KDN7UU35 | Long             | LON              | CORP              | US        |     23459 | PA      | $23505.10     | 0.00%             | 2029-06-04      | Floating      | 9.53%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                                          | Organon & Co / Organon Foreign Debt Co-Issuer BV                                 | CUSIP: 68622FAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1172000 | PA      | $1125280.08   | 0.23%             | 2034-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| First Brands Group LLC                                            | First Brands Group LLC                                                           | CUSIP: 31935HAG2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1460319 | PA      | $664445.28    | 0.14%             | 2027-03-30      | Floating      | 9.57%                 | No            |                  2 | On Loan: No      |
| 1261229 BC Ltd                                                    | 1261229 BC LTD                                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |   1317698 | PA      | $1301634.77   | 0.27%             | 2030-09-25      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| QNITY ELECTRONICS INC                                             | Qnity Electronics Inc                                                            | CUSIP: 74743LAA8<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |    960000 | PA      | $968521.71    | 0.20%             | 2032-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES INC                                            | Lumen Technologies Inc                                                           | CUSIP: 156700AM8<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |   1788000 | PA      | $1676250.00   | 0.35%             | 2039-09-15      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| CABLE ONE INC                                                     | Cable One Inc                                                                    | CUSIP: 12685JAG0<br>LEI: 549300648QS85T0XSH18 | Long             | DBT              | CORP              | US        |    566000 | PA      | $484496.00    | 0.10%             | 2028-03-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                                      | Novelis Corp                                                                     | CUSIP: 670001AE6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |   1330000 | PA      | $1284105.82   | 0.26%             | 2030-01-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| S&S HOLDINGS LLC                                                  | S&S Holdings LLC                                                                 | CUSIP: 78525CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1079368.29   | 0.22%             | 2031-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| NORTHERN OIL & GAS INC                                            | Northern Oil & Gas Inc                                                           | CUSIP: 665531AL3<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |    790000 | PA      | $787367.94    | 0.16%             | 2033-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| KIOXIA HOLDINGS CORP                                              | Kioxia Holdings Corp                                                             | CUSIP: 49726JAB4<br>LEI: 35380080RTKRARNH4R73 | Long             | DBT              | CORP              | JP        |   1917000 | PA      | $1972890.14   | 0.41%             | 2033-07-24      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                          | Warnermedia Holdings Inc                                                         | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   1140000 | PA      | $910797.30    | 0.19%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| E.W. Scripps Company, The                                         | EW SCRIPPS CO                                                                    | CUSIP: 26928BAQ2<br>LEI: 549300U1OW41QPKYW028 | Long             | LON              | CORP              | US        |    804992 | PA      | $815223.63    | 0.17%             | 2028-06-30      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                                    | Bombardier Inc                                                                   | CUSIP: 097751CD1<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   1564000 | PA      | $1634080.34   | 0.34%             | 2033-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| INVERSION ESCROW ISSUER                                           | Inversion Escrow Issuer LLC                                                      | CUSIP: 46150DAA0<br>LEI: 254900P6GHORGRVLKI95 | Long             | DBT              | CORP              | US        |    970000 | PA      | $956166.52    | 0.20%             | 2032-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| UNITED GROUP BV                                                   | United Group BV                                                                  | CUSIP: 000000000<br>LEI: 213800PC85O8BJ7DU398 | Long             | DBT              | CORP              | NL        |    670000 | PA      | $779500.87    | 0.16%             | 2030-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Optimus Bidco SAS                                                 | OPTIMUS BIDCO SA                                                                 | CUSIP: 000000000<br>LEI: 699400NFS4UN6VM40475 | Long             | LON              | CORP              | FR        |   1000000 | PA      | $1043436.94   | 0.22%             | 2028-12-31      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                             | Quikrete Holdings Inc                                                            | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   1756000 | PA      | $1820311.74   | 0.38%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ALLWYN ENTERTAINMENT FIN                                          | Allwyn Entertainment Financing UK PLC                                            | CUSIP: 02007VAA8<br>LEI: 315700J7ZTIN8XGCX365 | Long             | DBT              | CORP              | GB        |   1480000 | PA      | $1536753.90   | 0.32%             | 2029-04-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                               | NCL Corp Ltd                                                                     | CUSIP: 62886HBY6<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    946000 | PA      | $946645.67    | 0.20%             | 2031-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BELLIS ACQUISITION CO PL                                          | Bellis Acquisition Co PLC                                                        | CUSIP: 000000000<br>LEI: 259400CYE2267UB4A481 | Long             | DBT              | CORP              | GB        |    880000 | PA      | $1134083.30   | 0.23%             | 2030-05-14      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Inovie Group                                                      | INOVIE SASU                                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | FR        |   1000000 | PA      | $1028872.85   | 0.21%             | 2028-03-03      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                          | Warnermedia Holdings Inc                                                         | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   1188000 | PA      | $1089990.00   | 0.22%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: —       |
| Citibank, National Association                                    | GBP/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $13603.78     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHEPLAPHARM ARZNEIMITTEL                                          | Cheplapharm Arzneimittel GmbH                                                    | CUSIP: 16412EAA5<br>LEI: 529900ONXKBELT7EW052 | Long             | DBT              | CORP              | DE        |    566000 | PA      | $553250.62    | 0.11%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                                                | Osaic Holdings Inc                                                               | CUSIP: 00791GAC1<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |   1180000 | PA      | $1223951.46   | 0.25%             | 2033-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                                   | Gen Digital Inc                                                                  | CUSIP: 668771AM0<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |   3189000 | PA      | $3263556.05   | 0.67%             | 2033-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                 | Iron Mountain Inc                                                                | CUSIP: 46284VAE1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999062.10    | 0.21%             | 2028-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WINDSOR HOLDINGS III LLC                                          | Windsor Holdings III LLC                                                         | CUSIP: 97360AAA5<br>LEI: 254900IXUJZ9H146T437 | Long             | DBT              | CORP              | US        |    916000 | PA      | $969456.83    | 0.20%             | 2030-06-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                                          | Venture Global Calcasieu Pass LLC                                                | CUSIP: 92328MAB9<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |   3068000 | PA      | $2897796.87   | 0.60%             | 2031-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ARTERA SERVICES LLC                                               | Artera Services LLC                                                              | CUSIP: 04302XAA2<br>LEI: 549300J2G34D0WX8Z443 | Long             | DBT              | CORP              | US        |    935000 | PA      | $826981.97    | 0.17%             | 2031-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: —       |
| NOBLE FINANCE II LLC                                              | Noble Finance II LLC                                                             | CUSIP: 65505PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1315000 | PA      | $1362082.26   | 0.28%             | 2030-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                              | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AQ4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   1119000 | PA      | $1141291.60   | 0.24%             | 2029-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GULFPORT ENERGY OP CORP                                           | Gulfport Energy Operating Corp                                                   | CUSIP: 402635AT3<br>LEI: 549300FJX18IDUFPHD40 | Long             | DBT              | CORP              | US        |   2929000 | PA      | $3009382.19   | 0.62%             | 2029-09-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                               | Medline Borrower LP                                                              | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   2094000 | PA      | $2021084.78   | 0.42%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| RESIDEO FUNDING INC                                               | Resideo Funding Inc                                                              | CUSIP: 76119LAB7<br>LEI: 5493000IFJ6XJKH66598 | Long             | DBT              | CORP              | US        |   1592000 | PA      | $1522135.08   | 0.31%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| Ares Euro CLO                                                     | Ares European CLO XII DAC                                                        | CUSIP: 000000000<br>LEI: 635400XCOLUI5RNVIZ11 | Long             | ABS-CBDO         | CORP              | IE        |   1450000 | PA      | $1708372.60   | 0.35%             | 2032-04-20      | Floating      | 8.12%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                          | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2779000 | PA      | $2873536.74   | 0.59%             | 2031-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES INC                                            | Lumen Technologies Inc                                                           | CUSIP: 550241AA1<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |   1260000 | PA      | $1155792.68   | 0.24%             | 2029-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ATLAS LUXCO 4 / ALL UNI                                           | Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl     | CUSIP: 019579AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    880000 | PA      | $863313.00    | 0.18%             | 2028-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| MOHEGAN TRIBAL / MS DIG                                           | Mohegan Tribal Gaming Authority / MS Digital Entertainment Holdings LLC          | CUSIP: 60832QAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1482000 | PA      | $1540961.37   | 0.32%             | 2030-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                                   | Nissan Motor Co Ltd                                                              | CUSIP: 654744AC5<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    909000 | PA      | $892534.62    | 0.18%             | 2027-09-17      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                                            | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 98380MAB1<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    754000 | PA      | $791280.78    | 0.16%             | 2033-03-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                                   | Gen Digital Inc                                                                  | CUSIP: 668771AK4<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |    717000 | PA      | $728630.46    | 0.15%             | 2027-09-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                          | Builders FirstSource Inc                                                         | CUSIP: 12008RAP2<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |   1482000 | PA      | $1394965.42   | 0.29%             | 2032-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC                                             | Directv Financing LLC / Directv Financing Co-Obligor Inc                         | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2462000 | PA      | $2460232.28   | 0.51%             | 2031-02-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| SUNRISE FINCO I BV                                                | Sunrise FinCo I BV                                                               | CUSIP: 90320BAA7<br>LEI: 213800MNFBDEQRS6HZ22 | Long             | DBT              | CORP              | NL        |   1630000 | PA      | $1553993.10   | 0.32%             | 2031-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| VENTURE GLOBAL LNG INC                                            | Venture Global LNG Inc                                                           | CUSIP: 92332YAA9<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    732000 | PA      | $758183.64    | 0.16%             | 2028-06-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Crown Finance US Inc                                              | CROWN FINANCE US INC                                                             | CUSIP: 22834KAV3<br>LEI: 254900ABTWPQTCKKR839 | Long             | LON              | CORP              | US        |    746130 | PA      | $745525.63    | 0.15%             | 2031-12-02      | Floating      | 8.78%                 | No            |                  2 | On Loan: No      |
| 1261229 BC LTD                                                    | 1261229 BC Ltd                                                                   | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   2588000 | PA      | $2654879.20   | 0.55%             | 2032-04-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                                          | Standard Industries Inc/NY                                                       | CUSIP: 853496AD9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1834000 | PA      | $1819737.29   | 0.38%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                                     | DISH DBS Corp                                                                    | CUSIP: 25470XBB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1731000 | PA      | $1596847.50   | 0.33%             | 2028-07-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| RADIOLOGY PARTNERS INC                                            | Radiology Partners Inc                                                           | CUSIP: 75041VAE4<br>LEI: 549300SFTAG2177WUZ08 | Long             | DBT              | CORP              | US        |   1598000 | PA      | $1655665.81   | 0.34%             | 2032-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                            | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2885000 | PA      | $2867939.84   | 0.59%             | 2029-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                                             | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAE7<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   1081000 | PA      | $1126566.31   | 0.23%             | 2030-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                     | Carnival Corp                                                                    | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   1310000 | PA      | $1334795.68   | 0.28%             | 2032-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Numericable U.S. LLC                                              | Altice France SA/France                                                          | CUSIP: 000000000<br>LEI: 5493001ZMCICV4N02J21 | Long             | LON              | CORP              | FR        |   1855932 | PA      | $1800254.19   | 0.37%             | 2028-08-15      | Floating      | 9.82%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                                   | Nissan Motor Co Ltd                                                              | CUSIP: 654922AB9<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    641000 | PA      | $673195.51    | 0.14%             | 2030-07-17      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| OID-OL Intermediate I LLC (AKA Quest Software US Holdings Inc)    | OID-OL INTERMEDIATE                                                              | CUSIP: 67089SAD3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    640000 | PA      | $539068.80    | 0.11%             | 2029-02-01      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| MAYA SAS/FRANCE                                                   | Maya SAS/Paris France                                                            | CUSIP: 449691AG9<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |   1240000 | PA      | $1266106.96   | 0.26%             | 2032-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                          | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBQ2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    942000 | PA      | $966256.50    | 0.20%             | 2034-01-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                 | Post Holdings Inc                                                                | CUSIP: 737446AQ7<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   2176000 | PA      | $2100204.26   | 0.43%             | 2030-04-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CONTOURGLOBAL POWER HLDG                                          | ContourGlobal Power Holdings SA                                                  | CUSIP: 21220LAB9<br>LEI: 549300O5AGIFK0PQ1516 | Long             | DBT              | CORP              | LU        |   2563000 | PA      | $2665494.37   | 0.55%             | 2030-02-28      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-25

**Name of Applicant:** BNY Mellon Investment Funds III

**Signature:** James Windels

**Name of Signer:** James Windels

**Title:** Treasurer