# EDGAR Filing Document

**Accession Number:** 0001810523
**File Stem:** 0000940400-26-002447
**Filing Date:** 2026-1
**Character Count:** 135819
**Document Hash:** 0fa02f7f385f39471684cc65182ec3f5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-002447.hdr.sgml**: 20260126

**ACCESSION NUMBER**: 0000940400-26-002447

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251128

**FILED AS OF DATE**: 20260126

**DATE AS OF CHANGE**: 20260126

**PERIOD START**: 20260531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND
- **CENTRAL INDEX KEY:** 0001810523

**ORGANIZATION NAME:**
- **EIN:** 851075664
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23565
- **FILM NUMBER:** 26559827

**BUSINESS ADDRESS:**
- **STREET 1:** 120 EAST LIBERTY DRIVE, SUITE 400
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187
- **BUSINESS PHONE:** 630-765-8000

**MAIL ADDRESS:**
- **STREET 1:** 120 EAST LIBERTY DRIVE, SUITE 400
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST TRUST HIGH YIELD OPPORTUNITIES 2032 TARGET TERM FUND
- **DATE OF NAME CHANGE:** 20200424

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST TRUST HIGH YIELD OPPORTUNITIES 2032 TERM FUND
- **DATE OF NAME CHANGE:** 20200424

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST TRUST HIGH YIELD OPPORTUNITIES 2027 TERM FUND
- **DATE OF NAME CHANGE:** 20200423

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** First Trust High Yield Opportunities 2027 Term Fund

- **b. Investment Company Act file number:** 811-23565

- **c. CIK number of Registrant:** 0001810523

- **d. LEI of Registrant:** 549300VWTG40J7RZE994

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

  - **Street Address 1:** 120 EAST LIBERTY DRIVE, SUITE 400

  - **City:** WHEATON

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60187

  - **Telephone number:** 630-765-8000

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

- **a. Name of Series:** First Trust High Yield Opportunities 2027 Term Fund

- **c. LEI of Series:** 549300VWTG40J7RZE994

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

- **a. Date of fiscal year-end:** 2026-05-31

- **b. Date as of which information is reported:** 2025-11-28

**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:** $742011101.66

**Total Liabilities:** $192417874.66

**Net Assets:** $549593227.00

**Delayed Delivery Securities:** $578000.00

**Cash Not Reported:** $499956.74

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 26.16174000 | **1-Year:** 3613.23693000 | **5-Year:** 6794.48667000 | **10-Year:** 150.70441000 | **30-Year:** 0.00000000

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

- **3-Month:** 1473.39924000 | **1-Year:** 73274.74951000 | **5-Year:** 97303.90254000 | **10-Year:** 4833.42350000 | **30-Year:** 400.71224000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000000 | -0.24%               | -0.52%               | 0.39%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-320668.42              | $896188.45                                 |
| Month 2  | $272223.04               | $-1832375.54                               |
| Month 3  | $163728.40               | $471834.68                                 |

**Designated Index Information**

- **Index Name:** The Fund's Designated Reference Portfolio is the Fund's Securities Portfolio.

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                          | Title                                                                           | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SERVICE PROPERTIES TRUST                      | Service Properties Trust                                                        | CUSIP: 81761LAB8<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    700000 | PA      | $686222.04    | 0.12%             | 2027-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GENESEE & WYOMING INC                         | Genesee & Wyoming Inc                                                           | CUSIP: 371559AB1<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | DBT              | CORP              | US        |   2466000 | PA      | $2538803.72   | 0.46%             | 2032-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CIPHER COMPUTE LLC                            | Cipher Compute LLC                                                              | CUSIP: 17253NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    280000 | PA      | $284813.15    | 0.05%             | 2030-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                      | Builders FirstSource Inc                                                        | CUSIP: 12008RAT4<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |   9304000 | PA      | $9824493.67   | 1.79%             | 2035-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                | Gray Media Inc                                                                  | CUSIP: 389375AL0<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   2974000 | PA      | $2297732.62   | 0.42%             | 2030-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AECOM                                         | AECOM                                                                           | CUSIP: 00766TAE0<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1028715.00   | 0.19%             | 2033-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                        | Energizer Holdings Inc                                                          | CUSIP: 29272WAD1<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |   4009000 | PA      | $3819134.16   | 0.69%             | 2029-03-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                            | Ford Motor Co                                                                   | CUSIP: 345370CX6<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |   3369000 | PA      | $3914139.95   | 0.71%             | 2030-04-22      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| CLARIV SCI HLD CORP                           | Clarivate Science Holdings Corp                                                 | CUSIP: 18064PAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3371000 | PA      | $3188813.29   | 0.58%             | 2029-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| LBM Acquisition LLC                           | LBM ACQUISITION LLC                                                             | CUSIP: 50179JAK4<br>LEI: 549300FAEB3VWZL4NI86 | Long             | LON              | CORP              | US        |    971549 | PA      | $963961.00    | 0.18%             | 2031-06-06      | Floating      | 8.96%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                         | Trivium Packaging Finance BV                                                    | CUSIP: 89686QAC0<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    581000 | PA      | $619879.94    | 0.11%             | 2031-01-15      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                        | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1567000 | PA      | $1592010.89   | 0.29%             | 2029-09-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Vista Management Holding Inc.                 | VISTA MANAGEMENT HOLDING INC                                                    | CUSIP: 92842EAB4<br>LEI: 5299005VABKD28UWHI65 | Long             | LON              | CORP              | US        |   3371349 | PA      | $3404320.80   | 0.62%             | 2031-04-01      | Floating      | 7.74%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                               | Gen Digital Inc                                                                 | CUSIP: 668771AL2<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |   3636000 | PA      | $3763939.93   | 0.68%             | 2030-09-30      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                  | US Foods Inc                                                                    | CUSIP: 90290MAH4<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |   2078000 | PA      | $2191986.61   | 0.40%             | 2032-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                          | Garda World Security Corp                                                       | CUSIP: 36485MAN9<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    158000 | PA      | $162155.87    | 0.03%             | 2032-08-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| WHITE CAP SUPPLY HOLDING                      | White Cap Supply Holdings LLC                                                   | CUSIP: 96467GAC2<br>LEI: 254900L2N0T6GULCL366 | Long             | DBT              | CORP              | US        |   1719000 | PA      | $1754518.70   | 0.32%             | 2030-11-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| SYNERGY INFRASTRUCTURE H                      | Synergy Infrastructure Holdings LLC                                             | CUSIP: 87191JAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    281000 | PA      | $290212.44    | 0.05%             | 2030-12-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                         | Tenet Healthcare Corp                                                           | CUSIP: 88033GDW7<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    690000 | PA      | $701385.69    | 0.13%             | 2032-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                         | Venture Global Plaquemines LNG LLC                                              | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   5143000 | PA      | $5607495.19   | 1.02%             | 2033-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                      | Clear Channel Outdoor Holdings Inc                                              | CUSIP: 18453HAF3<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |   1409000 | PA      | $1485801.77   | 0.27%             | 2030-04-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| SS&C TECHNOLOGIES INC                         | SS&C Technologies Inc                                                           | CUSIP: 78466CAD8<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |   1643000 | PA      | $1711588.68   | 0.31%             | 2032-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                      | Standard Industries Inc/NY                                                      | CUSIP: 853496AD9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    574000 | PA      | $572885.81    | 0.10%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                             | Post Holdings Inc                                                               | CUSIP: 737446AU8<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   7308000 | PA      | $7555134.64   | 1.37%             | 2032-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Opal Bidco SAS                                | OPAL US LLC                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2220479 | PA      | $2237831.76   | 0.41%             | 2032-04-28      | Floating      | 6.90%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                        | Energizer Holdings Inc                                                          | CUSIP: 29272WAC3<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |   1746000 | PA      | $1726293.60   | 0.31%             | 2028-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                         | PennyMac Financial Services Inc                                                 | CUSIP: 70932MAH0<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   2254000 | PA      | $2324680.93   | 0.42%             | 2034-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                 | EchoStar Corp                                                                   | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |   3290537 | PA      | $3630910.15   | 0.66%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                           | Axon Enterprise Inc                                                             | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |    280000 | PA      | $291404.96    | 0.05%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BOOST NEWCO BORROWER LLC                      | Boost Newco Borrower LLC                                                        | CUSIP: 36268NAA8<br>LEI: 254900S8RE1OL7TTCU64 | Long             | DBT              | CORP              | US        |    638000 | PA      | $678018.55    | 0.12%             | 2031-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| PETSMART LLC/PETSMART FI                      | PetSmart LLC / PetSmart Finance Corp                                            | CUSIP: 71677KAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    690000 | PA      | $697009.02    | 0.13%             | 2032-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| X Corp (f/k/a Twitter Inc)                    | X CORP                                                                          | CUSIP: 90184NAG3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2694215 | PA      | $2627870.04   | 0.48%             | 2029-10-26      | Floating      | 10.45%                | No            |                  2 | On Loan: No      |
| Mavis Tire Express Services Topco Corp        | MAVIS TIRE EXPRESS SERVICES TOPCO CORP                                          | CUSIP: 57777YAG1<br>LEI: 254900NVDM4GTLBL9E56 | Long             | LON              | CORP              | US        |   2629572 | PA      | $2639603.47   | 0.48%             | 2028-05-04      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Filtration Group Corporation                  | FILTRATION GROUP CORP                                                           | CUSIP: 31732FAX4<br>LEI: 549300ZA0D9WN5ECE978 | Long             | LON              | CORP              | US        |   4257900 | PA      | $4288237.99   | 0.78%             | 2028-10-23      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Amspec Parent LLC                             | AMSPEC PARENT LLC                                                               | CUSIP: 03218AAF6<br>LEI: 254900LUGRP5Z7OOV477 | Long             | LON              | CORP              | US        |    153844 | PA      | $154740.83    | 0.03%             | 2031-12-22      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                                 | FirstCash Inc                                                                   | CUSIP: 33767DAD7<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |   2904000 | PA      | $3023188.90   | 0.55%             | 2032-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                      | Builders FirstSource Inc                                                        | CUSIP: 12008RAS6<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |   2241000 | PA      | $2333703.45   | 0.42%             | 2034-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                      | Clear Channel Outdoor Holdings Inc                                              | CUSIP: 18453HAG1<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    564000 | PA      | $587474.81    | 0.11%             | 2031-02-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                        | Cloud Software Group Inc                                                        | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   2879000 | PA      | $3037943.83   | 0.55%             | 2032-06-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| AMER SPORTS COMPANY                           | Amer Sports Co                                                                  | CUSIP: 02352NAA7<br>LEI: 549300NRKH9WF70VFC95 | Long             | DBT              | CORP              | US        |    611000 | PA      | $637631.66    | 0.12%             | 2031-02-16      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                         | Venture Global Plaquemines LNG LLC                                              | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    286000 | PA      | $318828.22    | 0.06%             | 2035-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| X.Ai Corp.                                    | XAI CORP                                                                        | CUSIP: 98402XAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2751169 | PA      | $2839206.77   | 0.52%             | 2028-06-30      | Floating      | 12.50%                | No            |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC                         | Ellucian Holdings Inc                                                           | CUSIP: 289178AA3<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | DBT              | CORP              | US        |   3371000 | PA      | $3425455.13   | 0.62%             | 2029-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PetsMart LLC                                  | PETSMART INC                                                                    | CUSIP: 71677HAN5<br>LEI: 894500NGJMHSFNESGA67 | Long             | LON              | CORP              | US        |   1042725 | PA      | $1035770.20   | 0.19%             | 2032-08-18      | Floating      | 7.96%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                           | Station Casinos LLC                                                             | CUSIP: 857691AH2<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |    408000 | PA      | $386438.58    | 0.07%             | 2031-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Gainwell Acquisition Corp                     | Gainwell Acquisition Corp                                                       | CUSIP: 59909TAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6244046 | PA      | $6192657.59   | 1.13%             | 2027-10-01      | Floating      | 8.10%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                     | Sunoco LP                                                                       | CUSIP: 86765KAF6<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   2079000 | PA      | $2092126.81   | 0.38%             | 2031-03-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PETSMART LLC/PETSMART FI                      | PetSmart LLC / PetSmart Finance Corp                                            | CUSIP: 71677KAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    563000 | PA      | $577086.82    | 0.11%             | 2033-09-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| GO DADDY OPCO/FINCO                           | Go Daddy Operating Co LLC / GD Finance Co Inc                                   | CUSIP: 38016LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4210000 | PA      | $4214035.29   | 0.77%             | 2027-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TRINET GROUP INC                              | TriNet Group Inc                                                                | CUSIP: 896288AC1<br>LEI: 5299003FJVBETSFKE990 | Long             | DBT              | CORP              | US        |   3756000 | PA      | $3899633.20   | 0.71%             | 2031-08-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Camelot US Acquisition I Co                   | CAMELOT US ACQUISITION LLC                                                      | CUSIP: 000000000<br>LEI: 549300U6VBJHQP2SFL81 | Long             | LON              | CORP              | US        |   1575540 | PA      | $1573570.15   | 0.29%             | 2031-01-31      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| OneDigital Borrower LLC                       | ONEDIGITAL BORROWER LLC                                                         | CUSIP: 68252HAB0<br>LEI: 2549009GTKWWAO1E9X77 | Long             | LON              | CORP              | US        |   8290004 | PA      | $8372903.64   | 1.52%             | 2032-07-02      | Floating      | 9.17%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC                       | Light & Wonder International Inc                                                | CUSIP: 531968AA3<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |   1163000 | PA      | $1219391.54   | 0.22%             | 2031-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                          | Garda World Security Corp                                                       | CUSIP: 36485MAP4<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |   1992000 | PA      | $2044128.65   | 0.37%             | 2032-11-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| SS&C TECHNOLOGIES INC                         | SS&C Technologies Inc                                                           | CUSIP: 78466CAC0<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |   1697000 | PA      | $1698297.53   | 0.31%             | 2027-09-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC                        | SCIH Salt Holdings Inc                                                          | CUSIP: 78433BAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $301566.00    | 0.05%             | 2029-05-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                        | Venture Global LNG Inc                                                          | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   5940000 | PA      | $6188036.58   | 1.13%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                         | Venture Global Plaquemines LNG LLC                                              | CUSIP: 922966AC0<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   1439000 | PA      | $1489304.56   | 0.27%             | 2034-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GoTo Group Inc                                | GOTO GROUP INC                                                                  | CUSIP: 38349FAC0<br>LEI: 549300D12V5KRBV00592 | Long             | LON              | CORP              | US        |   2948212 | PA      | $2571401.36   | 0.47%             | 2028-04-28      | Floating      | 9.43%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                      | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                  | CUSIP: 01883LAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    210000 | PA      | $208401.35    | 0.04%             | 2029-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BELLRING BRANDS INC                           | BellRing Brands Inc                                                             | CUSIP: 07831CAA1<br>LEI: 549300S3BOK5CMTS8054 | Long             | DBT              | CORP              | US        |   1002000 | PA      | $1034608.09   | 0.19%             | 2030-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                           | Station Casinos LLC                                                             | CUSIP: 857691AG4<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |   2286000 | PA      | $2263832.89   | 0.41%             | 2028-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FORTREA HOLDINGS INC                          | Fortrea Holdings Inc                                                            | CUSIP: 34965KAA5<br>LEI: 5493000FIVFABOVCDU97 | Long             | DBT              | CORP              | US        |   1451000 | PA      | $1458333.35   | 0.27%             | 2030-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Amspec Parent LLC                             | AMSPEC PARENT LLC                                                               | CUSIP: 03218AAE9<br>LEI: 254900LUGRP5Z7OOV477 | Long             | LON              | CORP              | US        |    998484 | PA      | $1004305.20   | 0.18%             | 2031-12-22      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                      | Rockies Express Pipeline LLC                                                    | CUSIP: 77340RAU1<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |    280000 | PA      | $294122.08    | 0.05%             | 2033-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Proofpoint/Project Kafka Merger Sub           | PROOFPOINT INC                                                                  | CUSIP: 74345HAJ0<br>LEI: 529900C5FODDK0WSR085 | Long             | LON              | CORP              | US        |    700757 | PA      | $705136.63    | 0.13%             | 2028-08-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT                        | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc              | CUSIP: 31556TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3891000 | PA      | $3631803.76   | 0.66%             | 2030-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Kaseya Inc.                                   | KASEYA INC                                                                      | CUSIP: 48578AAE8<br>LEI: 254900MISXMLRZ63NH46 | Long             | LON              | CORP              | US        |    131425 | PA      | $129453.69    | 0.02%             | 2033-03-05      | Floating      | 8.92%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                        | EquipmentShare.com Inc                                                          | CUSIP: 29450YAC3<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |   2536000 | PA      | $2587293.14   | 0.47%             | 2033-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDING                      | JH North America Holdings Inc                                                   | CUSIP: 46593WAB1<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |   1529000 | PA      | $1568512.42   | 0.29%             | 2032-07-31      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                         | Williams Scotsman Inc                                                           | CUSIP: 96949VAL7<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |    840000 | PA      | $875603.40    | 0.16%             | 2031-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                            | Ardonagh Finco Ltd                                                              | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |   7500000 | PA      | $7847872.50   | 1.43%             | 2031-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| LIFE TIME INC                                 | Life Time Inc                                                                   | CUSIP: 53190FAE5<br>LEI: 549300PALKE96VYH4X17 | Long             | DBT              | CORP              | US        |    876000 | PA      | $895611.89    | 0.16%             | 2031-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ZIPRECRUITER INC                              | ZipRecruiter Inc                                                                | CUSIP: 98980BAA1<br>LEI: 549300HLOVNNFCY2IV80 | Long             | DBT              | CORP              | US        |   4115000 | PA      | $3340612.14   | 0.61%             | 2030-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                         | GFL Environmental Inc                                                           | CUSIP: 36168QAQ7<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |   2750000 | PA      | $2890450.75   | 0.53%             | 2031-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SELECT MEDICAL CORP                           | Select Medical Corp                                                             | CUSIP: 816196AV1<br>LEI: 549300X05KS0JKR8CB50 | Long             | DBT              | CORP              | US        |   3722000 | PA      | $3699689.51   | 0.67%             | 2032-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CARS.COM INC                                  | Cars.com Inc                                                                    | CUSIP: 14575EAA3<br>LEI: 5493002G6J07LNGX4M98 | Long             | DBT              | CORP              | US        |   2101000 | PA      | $2108099.28   | 0.38%             | 2028-11-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                               | Sealed Air Corp                                                                 | CUSIP: 81211KBA7<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    566000 | PA      | $570377.44    | 0.10%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                         | Freedom Mortgage Holdings LLC                                                   | CUSIP: 35641AAA6<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    559000 | PA      | $586499.89    | 0.11%             | 2029-02-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                      | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                  | CUSIP: 01883LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7065000 | PA      | $7093825.20   | 1.29%             | 2027-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| STAR PARENT INC                               | Star Parent Inc                                                                 | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |   2318000 | PA      | $2487098.10   | 0.45%             | 2030-10-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                      | iHeartCommunications Inc                                                        | CUSIP: 45174HBG1<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |   1688000 | PA      | $1536983.08   | 0.28%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VAIL RESORTS INC                              | Vail Resorts Inc                                                                | CUSIP: 91879QAP4<br>LEI: 529900PSZHRNU9HKH870 | Long             | DBT              | CORP              | US        |    937000 | PA      | $974652.41    | 0.18%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LABL INC                                      | LABL Inc                                                                        | CUSIP: 50168QAF2<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |   1440000 | PA      | $880735.39    | 0.16%             | 2031-10-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| PHOENIX AVIATION CAPITAL                      | Phoenix Aviation Capital Ltd                                                    | CUSIP: 71910DAA9<br>LEI: 8945008YQAKXZQ3VYJ15 | Long             | DBT              | CORP              | IE        |   1418000 | PA      | $1509615.56   | 0.27%             | 2030-07-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| CACI INTERNATIONAL INC                        | CACI International Inc                                                          | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |    282000 | PA      | $294338.63    | 0.05%             | 2033-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BALDWIN INSUR GRP/FIN                         | Baldwin Insurance Group Holdings LLC / Baldwin Insurance Group Holdings Finance | CUSIP: 05825XAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7764000 | PA      | $8066827.06   | 1.47%             | 2031-05-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| MAGNERA CORP                                  | Magnera Corp                                                                    | CUSIP: 55939AAA5<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |   1295000 | PA      | $1237139.40   | 0.23%             | 2031-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| DISH NETWORK CORP                             | DISH Network Corp                                                               | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |   7058000 | PA      | $7375927.61   | 1.34%             | 2027-11-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                           | Medline Borrower LP                                                             | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   5020000 | PA      | $4876982.21   | 0.89%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES LLC                       | Windstream Services LLC                                                         | CUSIP: 97382BAB5<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |    568000 | PA      | $578582.41    | 0.11%             | 2033-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| WRANGLER HOLDCO CORP                          | Wrangler Holdco Corp                                                            | CUSIP: 37441QAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    618000 | PA      | $649880.15    | 0.12%             | 2032-04-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Jump Financial LLC                            | JUMP FINANCIAL LLC                                                              | CUSIP: 48138UAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1304395 | PA      | $1317438.56   | 0.24%             | 2032-02-26      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| CUSHMAN & WAKEFIELD US                        | Cushman & Wakefield US Borrower LLC                                             | CUSIP: 23166MAC7<br>LEI: 549300870CMN3WI5IF97 | Long             | DBT              | CORP              | US        |    737000 | PA      | $790808.37    | 0.14%             | 2031-09-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| SEALED AIR/SEALED AIR US                      | Sealed Air Corp/Sealed Air Corp US                                              | CUSIP: 812127AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2070000 | PA      | $2106458.91   | 0.38%             | 2028-02-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                     | Sunoco LP                                                                       | CUSIP: 86765KAG4<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   5056000 | PA      | $5092008.83   | 0.93%             | 2034-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Garda World Security Corporation              | GARDA WORLD SECURITY                                                            | CUSIP: 000000000<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | LON              | CORP              | CA        |   5431806 | PA      | $5435880.20   | 0.99%             | 2029-02-01      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| Petco Health and Wellness Company Inc         | Petco Health & Wellness Co Inc                                                  | CUSIP: 71601HAB2<br>LEI: 2549007TYGV6RVSE9M61 | Long             | LON              | CORP              | US        |    489361 | PA      | $482700.69    | 0.09%             | 2028-03-03      | Floating      | 7.51%                 | No            |                  2 | On Loan: No      |
| Polaris Newco LLC                             | Polaris Newco LLC                                                               | CUSIP: 73108RAB4<br>LEI: 254900LEPDAG7EDOA064 | Long             | LON              | CORP              | US        |   2946292 | PA      | $2787751.64   | 0.51%             | 2028-06-02      | Floating      | 8.10%                 | No            |                  2 | On Loan: No      |
| HIG Finance 2 Limited                         | HOWDEN GROUP HOLDINGS LTD                                                       | CUSIP: 000000000<br>LEI: 875500V3HPKZIQP10J32 | Long             | LON              | CORP              | GB        |   4391866 | PA      | $4412024.89   | 0.80%             | 2030-04-18      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| BRINKER INTERNATIONAL IN                      | Brinker International Inc                                                       | CUSIP: 109641AK6<br>LEI: 52990067JY6PBGJNTG76 | Long             | DBT              | CORP              | US        |    515000 | PA      | $546726.58    | 0.10%             | 2030-07-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| PARK RIVER HOLDINGS INC                       | Park River Holdings Inc                                                         | CUSIP: 70082LAC1<br>LEI: 254900PGY077KWCROT75 | Long             | DBT              | CORP              | US        |    568000 | PA      | $587253.50    | 0.11%             | 2031-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                              | UWM Holdings LLC                                                                | CUSIP: 903522AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3092000 | PA      | $3107695.55   | 0.57%             | 2031-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CLARIV SCI HLD CORP                           | Clarivate Science Holdings Corp                                                 | CUSIP: 18064PAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2426000 | PA      | $2351226.07   | 0.43%             | 2028-07-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                 | TransDigm Inc                                                                   | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   2281000 | PA      | $2373661.06   | 0.43%             | 2032-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                        | Cloud Software Group Inc                                                        | CUSIP: 18912UAG7<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    548000 | PA      | $547555.63    | 0.10%             | 2033-08-15      | Fixed         | 6.62%                 | 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        |   1042000 | PA      | $1069306.65   | 0.19%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                         | Trivium Packaging Finance BV                                                    | CUSIP: 89686QAD8<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    873000 | PA      | $919894.07    | 0.17%             | 2030-07-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                        | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCT8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3219000 | PA      | $3286519.07   | 0.60%             | 2031-03-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                               | Gen Digital Inc                                                                 | CUSIP: 668771AM0<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |   2025000 | PA      | $2088848.25   | 0.38%             | 2033-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Skopima Consilio Parent LLC (FKA GI Consilio) | SKOPIMA CONSILIO PARENT LLC                                                     | CUSIP: 36171NAG1<br>LEI: 254900K3R60UMIODZD21 | Long             | LON              | CORP              | US        |   3093642 | PA      | $2834951.67   | 0.52%             | 2028-05-12      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                            | Osaic Holdings Inc                                                              | CUSIP: 00791GAB3<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |   1505000 | PA      | $1563008.72   | 0.28%             | 2032-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                         | Molina Healthcare Inc                                                           | CUSIP: 60855RAK6<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1849485.00   | 0.34%             | 2030-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC                        | AthenaHealth Group Inc                                                          | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |   6527000 | PA      | $6488506.36   | 1.18%             | 2030-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PARK RIVER HOLDINGS INC                       | Park River Holdings Inc                                                         | CUSIP: 70082LAD9<br>LEI: 254900PGY077KWCROT75 | Long             | DBT              | CORP              | US        |   1450379 | PA      | $1410493.78   | 0.26%             | 2030-12-31      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                      | Clear Channel Outdoor Holdings Inc                                              | CUSIP: 18453HAC0<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |   1827000 | PA      | $1829104.70   | 0.33%             | 2028-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| DG Investment Intermediate Holdings 2 Inc     | DG INVESTMENT INTERMEDI                                                         | CUSIP: 23344MAN8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1276175 | PA      | $1279365.40   | 0.23%             | 2033-07-29      | Floating      | 9.42%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                         | Williams Scotsman Inc                                                           | CUSIP: 96949VAN3<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |    273000 | PA      | $282113.01    | 0.05%             | 2030-04-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                      | Sinclair Television Group Inc                                                   | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |   1645000 | PA      | $1715093.45   | 0.31%             | 2033-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                      | Standard Industries Inc/NY                                                      | CUSIP: 853496AG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    858000 | PA      | $832652.96    | 0.15%             | 2030-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| DREAM FINDERS HOMES INC                       | Dream Finders Homes Inc                                                         | CUSIP: 26154DAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1286000 | PA      | $1297123.90   | 0.24%             | 2030-09-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                     | Block Inc                                                                       | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    562000 | PA      | $578026.21    | 0.11%             | 2033-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| X Corp (f/k/a Twitter Inc)                    | X CORP                                                                          | CUSIP: 90184NAK4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3310572 | PA      | $3286090.67   | 0.60%             | 2029-10-26      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| CORELOGIC INC                                 | CoreLogic Inc                                                                   | CUSIP: 21871DAD5<br>LEI: 54930086CD8K2UIL0516 | Long             | DBT              | CORP              | US        |    342000 | PA      | $334177.93    | 0.06%             | 2028-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                        | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1953000 | PA      | $1831703.86   | 0.33%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Flash Charm Inc (fka Idera Inc)               | IDERA INC                                                                       | CUSIP: 45168RAS2<br>LEI: 549300VQ6S3PWR8NUC48 | Long             | LON              | CORP              | US        |   1821938 | PA      | $1474066.11   | 0.27%             | 2029-03-02      | Floating      | 10.75%                | No            |                  2 | On Loan: No      |
| Mcafee Corp                                   | MCAFEE CORP                                                                     | CUSIP: 57906HAF4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | LON              | CORP              | US        |    706760 | PA      | $655837.64    | 0.12%             | 2029-03-01      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| ARDONAGH GROUP FINANCE                        | Ardonagh Group Finance Ltd                                                      | CUSIP: 039956AA5<br>LEI: 254900SRT1BTAJ76NW62 | Long             | DBT              | CORP              | JE        |    556000 | PA      | $573727.50    | 0.10%             | 2032-02-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| SEAWORLD PARKS & ENTERTA                      | SeaWorld Parks & Entertainment Inc                                              | CUSIP: 81282UAG7<br>LEI: 549300UZV72O3371JJ53 | Long             | DBT              | CORP              | US        |    283000 | PA      | $273961.60    | 0.05%             | 2029-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                 | TransDigm Inc                                                                   | CUSIP: 893647BW6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    754000 | PA      | $771597.61    | 0.14%             | 2033-01-15      | Fixed         | 6.00%                 | 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        |   1956000 | PA      | $2023411.58   | 0.37%             | 2030-06-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                          | Fiesta Purchaser Inc                                                            | CUSIP: 31659AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1506000 | PA      | $1616668.41   | 0.29%             | 2032-09-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| MCAFEE CORP                                   | McAfee Corp                                                                     | CUSIP: 579063AB4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2621209.50   | 0.48%             | 2030-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                  | US Foods Inc                                                                    | CUSIP: 90290MAJ0<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |   2079000 | PA      | $2121617.42   | 0.39%             | 2033-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Akorn Operating Company LLC                   | Akorn Operating Company LLC                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    220989 | NS      | $8839.56      | 0.00%             |  |  |  | Yes           |                  2 | On Loan: No      |
| C&S Wholesale Grocers Inc                     | C&S WHOLESALE GROCERS INC                                                       | CUSIP: 000000000<br>LEI: 54930093F8X1FEZBGJ91 | Long             | LON              | CORP              | US        |    761345 | PA      | $752780.32    | 0.14%             | 2030-09-20      | Floating      | 9.00%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                       | Jane Street Group / JSG Finance Inc                                             | CUSIP: 47077WAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2143000 | PA      | $2243086.67   | 0.41%             | 2033-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA                      | Jones Deslauriers Insurance Management Inc                                      | CUSIP: 48020RAB1<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |   1661000 | PA      | $1739920.75   | 0.32%             | 2030-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                        | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1184000 | PA      | $1128697.85   | 0.21%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| OPAL BIDCO                                    | Opal Bidco SAS                                                                  | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |   4426000 | PA      | $4566220.11   | 0.83%             | 2032-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| RB GLOBAL HOLDINGS INC                        | RB Global Holdings Inc                                                          | CUSIP: 76774LAB3<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |    901000 | PA      | $923583.57    | 0.17%             | 2028-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WAYFAIR LLC                                   | Wayfair LLC                                                                     | CUSIP: 94419NAC1<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |    282000 | PA      | $288444.55    | 0.05%             | 2032-11-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SCOTTS MIRACLE-GRO CO                         | Scotts Miracle-Gro Co/The                                                       | CUSIP: 810186AW6<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |    338000 | PA      | $316972.72    | 0.06%             | 2032-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Starlight Parent LLC                          | STARLIGHT PARENT LLC                                                            | CUSIP: 85554UAB0<br>LEI: 254900ZM34IBOK68V949 | Long             | LON              | CORP              | US        |   1562113 | PA      | $1552021.47   | 0.28%             | 2032-04-16      | Floating      | 8.03%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                             | Herc Holdings Inc                                                               | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   2443000 | PA      | $2588185.05   | 0.47%             | 2033-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENT/SIX FLAG                        | Six Flags Entertainment Corp /Six Flags Theme Parks Inc/ Canada's Wonderland Co | CUSIP: 83002YAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1193000 | PA      | $1191064.44   | 0.22%             | 2032-05-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                                | Rocket Cos Inc                                                                  | CUSIP: 77311WAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1157818.20   | 0.21%             | 2032-02-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| PAYSAFE FIN PLC/PAYSAFE                       | Paysafe Finance PLC / Paysafe Holdings US Corp                                  | CUSIP: 70452AAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   2498000 | PA      | $2277540.26   | 0.41%             | 2029-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                             | Newell Brands Inc                                                               | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    426000 | PA      | $444520.78    | 0.08%             | 2028-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| SC GAMES HOLDIN/US FINCO                      | Scientific Games Holdings LP/Scientific Games US FinCo Inc                      | CUSIP: 80874DAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1812000 | PA      | $1601300.46   | 0.29%             | 2030-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| HANESBRANDS INC                               | Hanesbrands Inc                                                                 | CUSIP: 410345AQ5<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | DBT              | CORP              | US        |   2934000 | PA      | $3101161.72   | 0.56%             | 2031-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Star Parent Inc                               | STAR PARENT INC                                                                 | CUSIP: 87169DAB1<br>LEI: 254900GRGCJYRMDRWT73 | Long             | LON              | CORP              | US        |   2430949 | PA      | $2436917.16   | 0.44%             | 2030-09-27      | Floating      | 8.00%                 | No            |                  2 | On Loan: No      |
| Spirit Aerosystems Inc                        | Spirit AeroSystems Inc                                                          | CUSIP: 84857HAY6<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | LON              | CORP              | US        |   1557177 | PA      | $1559450.84   | 0.28%             | 2027-01-15      | Floating      | 8.34%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                          | Fiesta Purchaser Inc                                                            | CUSIP: 31659AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1198000 | PA      | $1261668.91   | 0.23%             | 2031-03-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| MH Sub I LLC                                  | MH SUB I LLC                                                                    | CUSIP: 45567YAN5<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |   3337609 | PA      | $3025842.71   | 0.55%             | 2028-05-03      | Floating      | 8.25%                 | No            |                  2 | On Loan: No      |
| WULF COMPUTE LLC                              | WULF Compute LLC                                                                | CUSIP: 982911AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1674000 | PA      | $1732122.05   | 0.32%             | 2030-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                           | Axon Enterprise Inc                                                             | CUSIP: 05464CAC5<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |    420000 | PA      | $433973.40    | 0.08%             | 2030-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC                          | Alpha Generation LLC                                                            | CUSIP: 02073LAC5<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |   3902000 | PA      | $3910814.62   | 0.71%             | 2034-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| RINGCENTRAL INC                               | RingCentral Inc                                                                 | CUSIP: 76680RAJ6<br>LEI: 549300C8EH0H1614VE84 | Long             | DBT              | CORP              | US        |   6464000 | PA      | $6884586.62   | 1.25%             | 2030-08-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CP ATLAS BUYER INC                            | CP Atlas Buyer Inc                                                              | CUSIP: 12597YAC3<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | DBT              | CORP              | US        |   1848000 | PA      | $1871112.94   | 0.34%             | 2030-07-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| PRIMO / TRITON WATER HLD                      | Primo Water Holdings Inc / Triton Water Holdings Inc                            | CUSIP: 74168RAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    560000 | PA      | $564957.68    | 0.10%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CANPACK SA/CANPACK US                         | Canpack SA / Canpack US LLC                                                     | CUSIP: 13806CAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   1399000 | PA      | $1334109.06   | 0.24%             | 2029-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| PANTHER ESCROW ISSUER                         | Panther Escrow Issuer LLC                                                       | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8880000 | PA      | $9189881.90   | 1.67%             | 2031-06-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                 | TransDigm Inc                                                                   | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   3665000 | PA      | $3765772.84   | 0.69%             | 2033-05-31      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PIKE CORP                                     | Pike Corp                                                                       | CUSIP: 721283AB5<br>LEI: 549300P4EKEP6HK0NC58 | Long             | DBT              | CORP              | US        |   2633000 | PA      | $2785267.07   | 0.51%             | 2031-01-31      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| AMENTUM HOLDINGS INC                          | Amentum Holdings Inc                                                            | CUSIP: 02352BAA3<br>LEI: 2549009FJIBLW40CU216 | Long             | DBT              | CORP              | US        |    316000 | PA      | $331944.41    | 0.06%             | 2032-08-01      | Fixed         | 7.25%                 | 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        |  14344000 | PA      | $13681763.34  | 2.49%             | 2030-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Truist Insurance Holdings, LLC                | TRUIST INSURANCE HOLDING                                                        | CUSIP: 89788VAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5772320 | PA      | $5860723.13   | 1.07%             | 2032-05-06      | Floating      | 8.75%                 | No            |                  2 | On Loan: No      |
| GATES CORPORATION/DE                          | Gates Corp/DE                                                                   | CUSIP: 367398AA2<br>LEI: 984500F43C791F4C7894 | Long             | DBT              | CORP              | US        |    752000 | PA      | $784612.74    | 0.14%             | 2029-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                            | Viking Cruises Ltd                                                              | CUSIP: 92676XAH0<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |    285000 | PA      | $289798.56    | 0.05%             | 2033-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NORDSTROM INC                                 | Nordstrom Inc                                                                   | CUSIP: 655664AT7<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |   1146000 | PA      | $1082951.55   | 0.20%             | 2030-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS                         | QXO Building Products Inc                                                       | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |   6731000 | PA      | $7046118.50   | 1.28%             | 2032-04-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                        | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC     | CUSIP: 03969YAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   3304000 | PA      | $3363514.23   | 0.61%             | 2031-01-30      | Fixed         | 6.25%                 | 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        |    211000 | PA      | $214169.64    | 0.04%             | 2032-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC                             | Nexstar Media Inc                                                               | CUSIP: 65343HAA9<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |   5067000 | PA      | $5074798.11   | 0.92%             | 2027-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SNAP INC                                      | Snap Inc                                                                        | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |    400000 | PA      | $412482.00    | 0.08%             | 2033-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                     | Block Inc                                                                       | CUSIP: 852234AT0<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    843000 | PA      | $859580.97    | 0.16%             | 2030-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO                       | Allied Universal Holdco LLC                                                     | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |   1196000 | PA      | $1260197.69   | 0.23%             | 2031-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| LAMB WESTON HLD                               | Lamb Weston Holdings Inc                                                        | CUSIP: 513272AE4<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |   2154000 | PA      | $2063777.77   | 0.38%             | 2032-01-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ADVANCED DRAINAGE SYSTEM                      | Advanced Drainage Systems Inc                                                   | CUSIP: 00790RAB0<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | DBT              | CORP              | US        |   1414000 | PA      | $1443805.71   | 0.26%             | 2030-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Trucordia Insurance Holdings LLC              | TRUCORDIA                                                                       | CUSIP: 89783WAB1<br>LEI: 254900KYYP47CV7DMK95 | Long             | LON              | CORP              | US        |   1120385 | PA      | $1124115.86   | 0.20%             | 2032-06-17      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                         | HUB International Ltd                                                           | CUSIP: 44332PAG6<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   4075000 | PA      | $4091890.06   | 0.74%             | 2029-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                      | Performance Food Group Inc                                                      | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |   3312000 | PA      | $3411499.10   | 0.62%             | 2032-09-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| PIKE CORP                                     | Pike Corp                                                                       | CUSIP: 721283AA7<br>LEI: 549300P4EKEP6HK0NC58 | Long             | DBT              | CORP              | US        |   3855000 | PA      | $3847771.88   | 0.70%             | 2028-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Restoration Hardware, Inc.                    | RH                                                                              | CUSIP: 76133MAC5<br>LEI: 549300H9H1H3OC7C3H47 | Long             | LON              | CORP              | US        |    551970 | PA      | $541068.42    | 0.10%             | 2028-10-20      | Floating      | 7.27%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                        | EquipmentShare.com Inc                                                          | CUSIP: 29450YAA7<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |    574000 | PA      | $586574.04    | 0.11%             | 2028-05-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| NORDSTROM INC                                 | Nordstrom Inc                                                                   | CUSIP: 655664AS9<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |    500000 | PA      | $494862.90    | 0.09%             | 2027-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UKG INC                                       | UKG Inc                                                                         | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |   6521000 | PA      | $6737425.47   | 1.23%             | 2031-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                             | Newell Brands Inc                                                               | CUSIP: 651229BE5<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |   2146000 | PA      | $2026129.59   | 0.37%             | 2032-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT INC                                 | Open Text Holdings Inc                                                          | CUSIP: 683720AC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1513000 | PA      | $1408413.57   | 0.26%             | 2031-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES INC                      | Sensata Technologies Inc                                                        | CUSIP: 81728UAB0<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |    333000 | PA      | $311859.13    | 0.06%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BRINK'S CO/THE                                | Brink's Co/The                                                                  | CUSIP: 109696AD6<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |   2999000 | PA      | $3130098.29   | 0.57%             | 2032-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Project Alpha Intermediate Holding Inc        | PROJECT ALPHA INTERMEDIATE HOLDING INC                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2138520 | PA      | $2079710.63   | 0.38%             | 2033-05-09      | Floating      | 9.00%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                 | Carnival Corp                                                                   | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   2950000 | PA      | $3027770.85   | 0.55%             | 2032-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SURGERY CENTER HOLDINGS                       | Surgery Center Holdings Inc                                                     | CUSIP: 86881WAF9<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |   4130000 | PA      | $4243442.84   | 0.77%             | 2032-04-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC                          | Alpha Generation LLC                                                            | CUSIP: 02073LAA9<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |   1278000 | PA      | $1316300.38   | 0.24%             | 2032-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                        | Venture Global LNG Inc                                                          | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   2688000 | PA      | $2696440.32   | 0.49%             | 2031-06-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| SNAP INC                                      | Snap Inc                                                                        | CUSIP: 83304AAM8<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |   4220000 | PA      | $4324242.44   | 0.79%             | 2034-03-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                              | AmWINS Group Inc                                                                | CUSIP: 031921AB5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |   3035000 | PA      | $2962901.75   | 0.54%             | 2029-06-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SPX FLOW INC                                  | SPX FLOW Inc                                                                    | CUSIP: 758071AA2<br>LEI: 5493003YXEKRBINIEM78 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1208633.20   | 0.22%             | 2030-04-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                  | US Foods Inc                                                                    | CUSIP: 90290MAD3<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    603000 | PA      | $600848.74    | 0.11%             | 2029-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Pac Dac LLC                                   | PAC AVIATION INTERNATION                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2299408 | PA      | $2281449.28   | 0.42%             | 2030-10-28      | Floating      | 7.11%                 | No            |                  2 | On Loan: No      |
| CONCENTRA HEALTH SERVICE                      | Concentra Health Services Inc                                                   | CUSIP: 20600DAA1<br>LEI: 984500GB84105F75DE32 | Long             | DBT              | CORP              | US        |    309000 | PA      | $323901.83    | 0.06%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                        | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC     | CUSIP: 03969YAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   2970000 | PA      | $2970000.00   | 0.54%             | 2027-06-15      | Fixed         | 6.00%                 | 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       |   1414000 | PA      | $1455529.18   | 0.26%             | 2032-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                           | LBM Acquisition LLC                                                             | CUSIP: 52109SAB5<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |    848000 | PA      | $875110.56    | 0.16%             | 2031-06-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| WH Borrower LLC                               | WH BORROWER LLC                                                                 | CUSIP: 92942LAG6<br>LEI: 2549009H920CQUE3R944 | Long             | LON              | CORP              | US        |   1745925 | PA      | $1750831.43   | 0.32%             | 2032-02-20      | Floating      | 8.39%                 | No            |                  2 | On Loan: No      |
| ProAmpac PG Borrower LLC                      | PROAMPAC PG BORROWER LLC                                                        | CUSIP: 74274NAL7<br>LEI: 549300ZI6LTXYFEY1578 | Long             | LON              | CORP              | US        |   1789401 | PA      | $1794545.93   | 0.33%             | 2028-09-15      | Floating      | 7.89%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI                      | Charles River Laboratories International Inc                                    | CUSIP: 159864AJ6<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |   1483000 | PA      | $1404229.27   | 0.26%             | 2031-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                                | Rocket Cos Inc                                                                  | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1878000 | PA      | $1968929.00   | 0.36%             | 2033-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| DG Investment Intermediate Holdings 2 Inc     | DG INVESTMENT INTERMEDI                                                         | CUSIP: 23344MAM0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    780224 | PA      | $784289.11    | 0.14%             | 2032-07-09      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                            | Osaic Holdings Inc                                                              | CUSIP: 00791GAC1<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |    566000 | PA      | $583390.92    | 0.11%             | 2033-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GOTO GROUP INC                                | GoTo Group Inc                                                                  | CUSIP: 38349YAB1<br>LEI: 549300D12V5KRBV00592 | Long             | DBT              | CORP              | US        |   2445875 | PA      | $880515.00    | 0.16%             | 2028-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                        | Spirit AeroSystems Inc                                                          | CUSIP: 85205TAN0<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |     58000 | PA      | $60982.41     | 0.01%             | 2029-11-30      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY                                | Ryan Specialty LLC                                                              | CUSIP: 78351GAA3<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |   3711000 | PA      | $3796505.15   | 0.69%             | 2032-08-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                           | NCL Corp Ltd                                                                    | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    573000 | PA      | $581924.48    | 0.11%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                         | Quikrete Holdings Inc                                                           | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   4953000 | PA      | $5161555.97   | 0.94%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TEGNA INC                                     | TEGNA Inc                                                                       | CUSIP: 87901JAJ4<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |   6614000 | PA      | $6558910.67   | 1.19%             | 2028-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| RAVEN ACQUISITION HOLDIN                      | Raven Acquisition Holdings LLC                                                  | CUSIP: 75420NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5260000 | PA      | $5420387.92   | 0.99%             | 2031-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Smyrna Ready Mix Concrete LLC                 | SMYRNA READY MIX CONCRETE LLC                                                   | CUSIP: 83283EAK9<br>LEI: 549300S7RFWHQFOIOY93 | Long             | LON              | CORP              | US        |    626805 | PA      | $628503.46    | 0.11%             | 2029-04-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                     | IQVIA Inc                                                                       | CUSIP: 46266TAD0<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |   2802000 | PA      | $2917305.10   | 0.53%             | 2030-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BRINK'S CO/THE                                | Brink's Co/The                                                                  | CUSIP: 109696AC8<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |    618000 | PA      | $639122.00    | 0.12%             | 2029-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                              | CSC Holdings LLC                                                                | CUSIP: 126307BH9<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   7469000 | PA      | $4230744.09   | 0.77%             | 2031-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                       | United Rentals North America Inc                                                | CUSIP: 911365BQ6<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   7955000 | PA      | $8168361.06   | 1.49%             | 2029-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Veritiv Corporation                           | VERITIV OPERATING CO                                                            | CUSIP: 92338TAB2<br>LEI: 5493004G8OK5L1UTIY12 | Long             | LON              | CORP              | US        |    414674 | PA      | $411926.79    | 0.07%             | 2030-11-30      | Floating      | 8.00%                 | No            |                  2 | On Loan: No      |
| Knowbe4, Inc.                                 | KNOWBE4 INC                                                                     | CUSIP: 49925TAD7<br>LEI: 64883ZJ0RS5039H4PN24 | Long             | LON              | CORP              | US        |   1009800 | PA      | $1012960.67   | 0.18%             | 2032-07-23      | Floating      | 7.59%                 | No            |                  2 | On Loan: No      |
| MAVIS TIRE EXPRESS SERVI                      | Mavis Tire Express Services Topco Corp                                          | CUSIP: 59155LAA0<br>LEI: 254900NVDM4GTLBL9E56 | Long             | DBT              | CORP              | US        |   2341000 | PA      | $2323106.57   | 0.42%             | 2029-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                        | Acrisure LLC / Acrisure Finance Inc                                             | CUSIP: 00489LAL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6702000 | PA      | $6964664.78   | 1.27%             | 2030-11-06      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI                      | Standard Building Solutions Inc                                                 | CUSIP: 853191AA2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   1622000 | PA      | $1674682.56   | 0.30%             | 2032-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GRAHAM PACKAGING/GPC CAP                      | Graham Packaging Co Inc                                                         | CUSIP: 384701AA6<br>LEI: 549300YS0ZFT826HIK72 | Long             | DBT              | CORP              | US        |  14125000 | PA      | $14145033.49  | 2.57%             | 2028-08-15      | Fixed         | 7.12%                 | 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       |   1514000 | PA      | $1574938.50   | 0.29%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SMYRNA READY MIX CONCRET                      | Smyrna Ready Mix Concrete LLC                                                   | CUSIP: 83283WAE3<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |   2551000 | PA      | $2709720.67   | 0.49%             | 2031-11-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                              | AmWINS Group Inc                                                                | CUSIP: 031921AC3<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |   3710000 | PA      | $3814826.05   | 0.69%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Alera Group Inc                               | ALERA GROUP INTERMEDIATE                                                        | CUSIP: 01451PAD8<br>LEI: 2549003D76KZAKICNX26 | Long             | LON              | CORP              | US        |   4702000 | PA      | $4839133.83   | 0.88%             | 2033-05-20      | Floating      | 9.42%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                        | WESCO Distribution Inc                                                          | CUSIP: 95081QAS3<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    860000 | PA      | $902274.16    | 0.16%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Leia Finco US LLC                             | LEIA FINCO US LLC                                                               | CUSIP: 52526CAD1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7026434 | PA      | $6994955.23   | 1.27%             | 2032-10-09      | Floating      | 9.19%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS LLC/FIN                       | Shift4 Payments LLC / Shift4 Payments Finance Sub Inc                           | CUSIP: 82453AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4462000 | PA      | $4644883.99   | 0.85%             | 2032-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMM                          | Taylor Morrison Communities Inc                                                 | CUSIP: 87724RAK8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |    562000 | PA      | $579617.01    | 0.11%             | 2032-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                         | Molina Healthcare Inc                                                           | CUSIP: 60855RAL4<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |   2076000 | PA      | $1873058.13   | 0.34%             | 2032-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                        | Acrisure LLC / Acrisure Finance Inc                                             | CUSIP: 004961AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1793932.00   | 0.33%             | 2032-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WAND NEWCO 3 INC                              | Wand NewCo 3 Inc                                                                | CUSIP: 933940AA6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | DBT              | CORP              | US        |   2441000 | PA      | $2574285.92   | 0.47%             | 2032-01-30      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                         | Caesars Entertainment Inc                                                       | CUSIP: 12769GAD2<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   2299000 | PA      | $2195293.24   | 0.40%             | 2032-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                           | Medline Borrower LP                                                             | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   4488000 | PA      | $4502523.17   | 0.82%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                         | Freedom Mortgage Holdings LLC                                                   | CUSIP: 35641AAB4<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |   1881000 | PA      | $2015041.94   | 0.37%             | 2031-05-15      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                              | CSC Holdings LLC                                                                | CUSIP: 126307BF3<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    250000 | PA      | $139078.33    | 0.03%             | 2031-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                                 | FirstCash Inc                                                                   | CUSIP: 33767DAB1<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |   3056000 | PA      | $3028296.44   | 0.55%             | 2028-09-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                       | Avis Budget Car Rental LLC / Avis Budget Finance Inc                            | CUSIP: 053773BJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2126000 | PA      | $2191239.37   | 0.40%             | 2030-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| FRONERI LUX FINCO SARL                        | Froneri Lux FinCo SARL                                                          | CUSIP: 35901MAA5<br>LEI: 9845005YBZ75E5AA3B94 | Long             | DBT              | CORP              | LU        |   3745000 | PA      | $3784124.02   | 0.69%             | 2032-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                         | Level 3 Financing Inc                                                           | CUSIP: 527298CN1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   3646000 | PA      | $3737788.05   | 0.68%             | 2034-03-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| WEX INC                                       | WEX Inc                                                                         | CUSIP: 96208TAD6<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | DBT              | CORP              | US        |    143000 | PA      | $145961.53    | 0.03%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                         | HUB International Ltd                                                           | CUSIP: 44332PAJ0<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   4625000 | PA      | $4815217.00   | 0.88%             | 2032-01-31      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| MSILF Treasury Portfolio                      | MSILF Treasury Portfolio                                                        | CUSIP: 61747C582<br>LEI: 549300D1XR6GP7EZ0T47 | Long             | STIV             | RF                | US        |   2032933 | NS      | $2032933.42   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Proofpoint Inc                                | PROOFPOINT INC                                                                  | CUSIP: 74345HAG6<br>LEI: 529900C5FODDK0WSR085 | Long             | LON              | CORP              | US        |   1820810 | PA      | $1832190.01   | 0.33%             | 2028-08-31      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| UNDER ARMOUR INC                              | Under Armour Inc                                                                | CUSIP: 904311AD9<br>LEI: 549300D4549QKWETZ406 | Long             | DBT              | CORP              | US        |    567000 | PA      | $566049.59    | 0.10%             | 2030-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                          | Neptune Bidco US Inc                                                            | CUSIP: 640695AC6<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1138119.57   | 0.21%             | 2031-05-15      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI                      | Standard Building Solutions Inc                                                 | CUSIP: 853191AC8<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    999000 | PA      | $1025358.62   | 0.19%             | 2033-08-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                           | Avantor Funding Inc                                                             | CUSIP: 05352TAA7<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |   3153000 | PA      | $3125743.26   | 0.57%             | 2028-07-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                               | Fair Isaac Corp                                                                 | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |   1446000 | PA      | $1489886.10   | 0.27%             | 2033-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                      | Vistra Operations Co LLC                                                        | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    641000 | PA      | $681265.06    | 0.12%             | 2031-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CARPENTER TECHNOLOGY                          | Carpenter Technology Corp                                                       | CUSIP: 144285AN3<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | DBT              | CORP              | US        |    280000 | PA      | $284928.56    | 0.05%             | 2034-03-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ZIGGO BV                                      | Ziggo BV                                                                        | CUSIP: 98955DAA8<br>LEI: 213800TQASLF9JXH5J59 | Long             | DBT              | CORP              | NL        |    572000 | PA      | $542478.62    | 0.10%             | 2030-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                      | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                  | CUSIP: 01883LAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2112000 | PA      | $2175286.08   | 0.40%             | 2031-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC                       | Talen Energy Supply LLC                                                         | CUSIP: 87422VAM0<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |    841000 | PA      | $857440.71    | 0.16%             | 2034-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                         | Molina Healthcare Inc                                                           | CUSIP: 60855RAM2<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |   3396000 | PA      | $3406296.67   | 0.62%             | 2033-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SCIENCE APPLICATIONS INT                      | Science Applications International Corp                                         | CUSIP: 808625AB3<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | DBT              | CORP              | US        |    283000 | PA      | $282104.93    | 0.05%             | 2033-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| WASTE PRO USA INC                             | Waste Pro USA Inc                                                               | CUSIP: 94107JAC7<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |   2949000 | PA      | $3074642.15   | 0.56%             | 2033-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| VeriFone Systems Inc                          | VERIFONE SYSTEMS INC                                                            | CUSIP: 92346NAH2<br>LEI: 254900LTTVM8MM9RKV75 | Long             | LON              | CORP              | US        |   1133705 | PA      | $1077422.12   | 0.20%             | 2028-08-18      | Floating      | 9.35%                 | No            |                  2 | On Loan: No      |
| Cotiviti Inc                                  | COTIVITI INC                                                                    | CUSIP: 22164MAD9<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |   6131415 | PA      | $6006885.61   | 1.09%             | 2031-05-01      | Floating      | 7.62%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                               | Madison IAQ LLC                                                                 | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |   2161000 | PA      | $2138986.54   | 0.39%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINME                         | Six Flags Entertainment Corp                                                    | CUSIP: 83001AAD4<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |    586000 | PA      | $559193.41    | 0.10%             | 2031-05-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                      | Service Properties Trust                                                        | CUSIP: 81761LAE2<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |   3693000 | PA      | $3560188.27   | 0.65%             | 2032-06-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| IVC Acquisition Ltd                           | VETSTRATEGY CANADA HOLDINGS INC                                                 | CUSIP: 000000000<br>LEI: 254900WZMD2JOGND1Z32 | Long             | LON              | CORP              | CA        |   4749234 | PA      | $4778322.68   | 0.87%             | 2028-12-12      | Floating      | 7.75%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                      | Warnermedia Holdings Inc                                                        | CUSIP: 55903VBU6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   3812000 | PA      | $2860906.00   | 0.52%             | 2052-03-15      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| BELRON UK FINANCE PLC                         | Belron UK Finance PLC                                                           | CUSIP: 080782AA3<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |   3073000 | PA      | $3127210.79   | 0.57%             | 2029-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BROADSTREET PARTNERS GRP                      | Broadstreet Partners Group LLC                                                  | CUSIP: 11135RAA3<br>LEI: 549300BS9N54G8DD0R75 | Long             | DBT              | CORP              | US        |   2092000 | PA      | $2090406.31   | 0.38%             | 2029-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HUB International Ltd                         | HUB INTERNATIONAL LTD                                                           | CUSIP: 44332EAZ9<br>LEI: 549300JQT6ATTUNS5E06 | Long             | LON              | CORP              | US        |   1921182 | PA      | $1930586.25   | 0.35%             | 2030-06-20      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI                      | Charles River Laboratories International Inc                                    | CUSIP: 159864AG2<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2896938.30   | 0.53%             | 2029-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ALBION FINANCING 1SARL /                      | Albion Financing 1 SARL / Aggreko Holdings Inc                                  | CUSIP: 01330AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   3421000 | PA      | $3564524.63   | 0.65%             | 2030-05-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                          | Neptune Bidco US Inc                                                            | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |    843000 | PA      | $839841.19    | 0.15%             | 2029-04-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: No      |
| CLEAN HARBORS INC                             | Clean Harbors Inc                                                               | CUSIP: 184496AR8<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |    568000 | PA      | $580970.85    | 0.11%             | 2033-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                          | Flutter Treasury DAC                                                            | CUSIP: 344045AA7<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |    140000 | PA      | $144482.66    | 0.03%             | 2029-04-29      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                      | RHP Hotel Properties LP / RHP Finance Corp                                      | CUSIP: 749571AL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    284000 | PA      | $295333.87    | 0.05%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BREAD FINANCIAL HLDGS                         | Bread Financial Holdings Inc                                                    | CUSIP: 018581AR9<br>LEI: 549300G8S4PO686J7H97 | Long             | DBT              | CORP              | US        |    559000 | PA      | $571372.91    | 0.10%             | 2031-05-15      | Fixed         | 6.75%                 | 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        |    603000 | PA      | $624149.62    | 0.11%             | 2032-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| EZCORP INC                                    | EZCORP Inc                                                                      | CUSIP: 302301AJ5<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | DBT              | CORP              | US        |    560000 | PA      | $588478.24    | 0.11%             | 2032-04-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC                       | Talen Energy Supply LLC                                                         | CUSIP: 87422VAN8<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |   1686000 | PA      | $1744184.33   | 0.32%             | 2036-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                             | Post Holdings Inc                                                               | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   3018000 | PA      | $3062261.99   | 0.56%             | 2033-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                | Bombardier Inc                                                                  | CUSIP: 097751CD1<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   1695000 | PA      | $1789653.46   | 0.33%             | 2033-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                      | Graphic Packaging International LLC                                             | CUSIP: 38869AAE7<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |   1923000 | PA      | $1957910.87   | 0.36%             | 2032-07-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Paysafe Holdings (US) Corp                    | PAYSAFE HOLDINGS(US)                                                            | CUSIP: 70451NAB2<br>LEI: 549300N8UN7DUDH51357 | Long             | LON              | CORP              | US        |    280334 | PA      | $269004.69    | 0.05%             | 2028-06-28      | Floating      | 6.78%                 | No            |                  2 | On Loan: No      |
| BOYD GAMING CORP                              | Boyd Gaming Corp                                                                | CUSIP: 103304BV2<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |   1438000 | PA      | $1402133.40   | 0.26%             | 2031-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC                        | SCIH Salt Holdings Inc                                                          | CUSIP: 78433BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    570000 | PA      | $567923.21    | 0.10%             | 2028-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                        | Cloud Software Group Inc                                                        | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   1831000 | PA      | $1847344.92   | 0.34%             | 2029-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                 | Carnival Corp                                                                   | CUSIP: 143658BZ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   2355000 | PA      | $2426665.01   | 0.44%             | 2031-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                         | Tenet Healthcare Corp                                                           | CUSIP: 88033GDV9<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    280000 | PA      | $289298.27    | 0.05%             | 2033-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GoTo Group Inc                                | GOTO GROUP INC                                                                  | CUSIP: 38349FAD8<br>LEI: 549300D12V5KRBV00592 | Long             | LON              | CORP              | US        |   2421112 | PA      | $968093.83    | 0.18%             | 2028-04-28      | Floating      | 9.49%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                        | Cloud Software Group Inc                                                        | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   4113000 | PA      | $4246931.62   | 0.77%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Vestis Corporation                            | VESTIS TL B 1L USD                                                              | CUSIP: 92550HAE3<br>LEI: 254900QDW0TA2TMFAP59 | Long             | LON              | CORP              | US        |   1852726 | PA      | $1685980.80   | 0.31%             | 2031-02-22      | Floating      | 3.82%                 | No            |                  2 | On Loan: No      |
| Altice France SA                              | NUMERICABLE US LLC                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1038931 | PA      | $1043367.26   | 0.19%             | 2031-05-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LIGHTNING POWER LLC                           | Lightning Power LLC                                                             | CUSIP: 53229KAA7<br>LEI: 254900BWCHJ03XRL8K59 | Long             | DBT              | CORP              | US        |  10952000 | PA      | $11631034.95  | 2.12%             | 2032-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                  | US Foods Inc                                                                    | CUSIP: 90290MAE1<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |   5250000 | PA      | $5186709.68   | 0.94%             | 2030-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| LBM Acquisition LLC                           | LBM ACQUISITION LLC                                                             | CUSIP: 50179JAH1<br>LEI: 549300FAEB3VWZL4NI86 | Long             | LON              | CORP              | US        |    682904 | PA      | $645699.34    | 0.12%             | 2031-06-06      | Floating      | 7.81%                 | No            |                  2 | On Loan: No      |
| ELASTIC NV                                    | Elastic NV                                                                      | CUSIP: 28415LAA1<br>LEI: 2549003I48WHHH937I59 | Long             | DBT              | CORP              | NL        |   7599000 | PA      | $7336364.88   | 1.33%             | 2029-07-15      | Fixed         | 4.12%                 | 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        |   7588000 | PA      | $7732634.87   | 1.41%             | 2028-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| RB GLOBAL HOLDINGS INC                        | RB Global Holdings Inc                                                          | CUSIP: 76774LAC1<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |   1978000 | PA      | $2075600.45   | 0.38%             | 2031-03-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| GRAHAM HOLDINGS CO                            | Graham Holdings Co                                                              | CUSIP: 384637AC8<br>LEI: 529900BOSCEEEMAFQJ29 | Long             | DBT              | CORP              | US        |    561000 | PA      | $563061.57    | 0.10%             | 2033-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                         | Caesars Entertainment Inc                                                       | CUSIP: 12769GAA8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   1999000 | PA      | $1893251.30   | 0.34%             | 2029-10-15      | Fixed         | 4.62%                 | 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        |    923000 | PA      | $939748.76    | 0.17%             | 2032-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| AHP HEALTH PARTN                              | AHP Health Partners Inc                                                         | CUSIP: 00150LAB7<br>LEI: 549300QMM8MQ6SM5KX05 | Long             | DBT              | CORP              | US        |   4445000 | PA      | $4365243.37   | 0.79%             | 2029-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                      | Graphic Packaging International LLC                                             | CUSIP: 38869AAD9<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |   3239000 | PA      | $3070166.48   | 0.56%             | 2030-02-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ZI TECH LLC/ZI FIN CORP                       | ZoomInfo Technologies LLC/ZoomInfo Finance Corp                                 | CUSIP: 98981BAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    584000 | PA      | $553477.18    | 0.10%             | 2029-02-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-23

**Name of Applicant:** First Trust High Yield Opportunities 2027 Term Fund

**Signature:** Derek Maltbie

**Name of Signer:** Derek Maltbie

**Title:** Treasurer, Chief Financial Officer and Chief Accounting Officer