# EDGAR Filing Document

**Accession Number:** 0000810573
**File Stem:** 0001752724-25-200373
**Filing Date:** 2025-8
**Character Count:** 124774
**Document Hash:** 63d5d2495d48102538b4c41a3687db16
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-200373.hdr.sgml**: 20250822

**ACCESSION NUMBER**: 0001752724-25-200373

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250822

**DATE AS OF CHANGE**: 20250822

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DEUTSCHE DWS VARIABLE SERIES II
- **CENTRAL INDEX KEY:** 0000810573

**ORGANIZATION NAME:**
- **EIN:** 810105002
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05002
- **FILM NUMBER:** 251246004

**BUSINESS ADDRESS:**
- **STREET 1:** 875 THIRD AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022-6225
- **BUSINESS PHONE:** 212-454-4500

**MAIL ADDRESS:**
- **STREET 1:** 875 THIRD AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022-6225

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DEUTSCHE VARIABLE SERIES II
- **DATE OF NAME CHANGE:** 20140811

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DWS VARIABLE SERIES II
- **DATE OF NAME CHANGE:** 20060303

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SCUDDER VARIABLE SERIES II
- **DATE OF NAME CHANGE:** 20010501

## Series and Classes Contracts Data

### DWS High Income VIP (Series ID: S000006280)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000017251 | Class A      |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** DEUTSCHE DWS VARIABLE SERIES II

- **b. Investment Company Act file number:** 811-05002

- **c. CIK number of Registrant:** 0000810573

- **d. LEI of Registrant:** 7WRERVUOG2HKG87QIP75

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

  - **Street Address 1:** 875 Third Avenue

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10022-6225

  - **Telephone number:** 212-454-4500

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

- **a. Name of Series:** DWS High Income VIP

- **b. EDGAR series identifier (if any):** S000006280

- **c. LEI of Series:** K51EGN1IWH8SDPBCGW36

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

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

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $45277759.69

**Total Liabilities:** $2447896.43

**Net Assets:** $42829863.26

**Delayed Delivery Securities:** $464886.81

**Cash Not Reported:** $9702.68

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -0.07000000 | **1-Year:** -1.33000000 | **5-Year:** -18.78000000 | **10-Year:** -29.56000000 | **30-Year:** 0.00000000

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

- **3-Month:** -140.52000000 | **1-Year:** -3612.17000000 | **5-Year:** -7062.33000000 | **10-Year:** -1300.47000000 | **30-Year:** -234.86000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000017251 | 0.26%                | 1.69%                | 1.66%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-69037.55               | $-84804.34                                 |
| Month 2  | $-97798.71               | $609197.33                                 |
| Month 3  | $46105.15                | $534002.21                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AMS-OSRAM AG                                          | ams-OSRAM AG                                                                          | CUSIP: 000000000<br>LEI: 5299001JPPT2QFTV5D76 | Long             | DBT              | CORP              | AT        |    100000 | PA      | $123309.05    | 0.29%             | 2029-03-30      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| TALOS PRODUCTION INC                                  | Talos Production Inc                                                                  | CUSIP: 87485LAE4<br>LEI: 549300GZ2DZZE2Y8TX15 | Long             | DBT              | CORP              | US        |     80000 | PA      | $81676.77     | 0.19%             | 2031-02-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                                  | Neptune Bidco US Inc                                                                  | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |    130000 | PA      | $126579.05    | 0.30%             | 2029-04-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: No      |
| LIGHTNING POWER LLC                                   | Lightning Power LLC                                                                   | CUSIP: 53229KAA7<br>LEI: 254900BWCHJ03XRL8K59 | Long             | DBT              | CORP              | US        |    412000 | PA      | $433609.70    | 1.01%             | 2032-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Hercules Trust II                                     | HERCULES TR II                                                                        | CUSIP: 427098116<br>LEI: N/A                  | N/A              | DE               |  | US        |      1100 | NS      | $3688.22      | 0.01%             |  |  |  | No            |                  3 | 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        |    130000 | PA      | $128148.68    | 0.30%             | 2029-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                                    | Ardonagh Finco Ltd                                                                    | CUSIP: 000000000<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |    145000 | PA      | $175507.39    | 0.41%             | 2031-02-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| MOOG INC                                              | Moog Inc                                                                              | CUSIP: 615394AM5<br>LEI: 549300WM2I4U7OBAHG07 | Long             | DBT              | CORP              | US        |    380000 | PA      | $370998.79    | 0.87%             | 2027-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DISH NETWORK CORP                                     | DISH Network Corp                                                                     | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |    195000 | PA      | $201011.07    | 0.47%             | 2027-11-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| KEHE DIST/FIN / NEXTWAVE                              | KeHE Distributors LLC / KeHE Finance Corp / NextWave Distribution Inc                 | CUSIP: 487526AC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $113921.83    | 0.27%             | 2029-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                | Venture Global LNG Inc                                                                | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    210000 | PA      | $226792.23    | 0.53%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| CHAMP ACQUISITION CORP                                | Champ Acquisition Corp                                                                | CUSIP: 15807XAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $95636.43     | 0.22%             | 2031-12-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| BLUE RACER MID LLC/FINAN                              | Blue Racer Midstream LLC / Blue Racer Finance Corp                                    | CUSIP: 095796AK4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    165000 | PA      | $174843.41    | 0.41%             | 2032-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE LLC                                         | CommScope LLC                                                                         | CUSIP: 203372AX5<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |     60000 | PA      | $58576.99     | 0.14%             | 2029-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CALDERYS FINANCING LLC                                | Calderys Financing LLC                                                                | CUSIP: 128786AA8<br>LEI: 254900ZIKDM74XNEFV84 | Long             | DBT              | CORP              | US        |    120000 | PA      | $127216.23    | 0.30%             | 2028-06-01      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| NCR VOYIX CORP                                        | NCR Voyix Corp                                                                        | CUSIP: 62886EAY4<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |     95000 | PA      | $94037.45     | 0.22%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                              | CHS/Community Health Systems Inc                                                      | CUSIP: 12543DBK5<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    115000 | PA      | $98311.50     | 0.23%             | 2031-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VELOCITY VEHICLE GROUP                                | Velocity Vehicle Group LLC                                                            | CUSIP: 92262TAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    165000 | PA      | $164866.73    | 0.38%             | 2029-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL                               | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC                       | CUSIP: 91327BAA8<br>LEI: N/A                  | Long             | DBT              |  | US        |    140000 | PA      | $135314.05    | 0.32%             | 2029-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SUMMIT MIDSTREAM HOLDING                              | Summit Midstream Holdings LLC                                                         | CUSIP: 86614JAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    102000 | PA      | $104349.67    | 0.24%             | 2029-10-31      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| TENNECO INC                                           | Tenneco Inc                                                                           | CUSIP: 880349AU9<br>LEI: 549300U0EXXFAQFAD785 | Long             | DBT              | CORP              | US        |     80000 | PA      | $79111.79     | 0.18%             | 2028-11-17      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| KINETIK HOLDINGS LP                                   | Kinetik Holdings LP                                                                   | CUSIP: 49461MAA8<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |     85000 | PA      | $85720.80     | 0.20%             | 2030-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ALCOA NEDERLAND HOLDING                               | Alcoa Nederland Holding BV                                                            | CUSIP: 013822AH4<br>LEI: 5493000UL1QLQLT1VQ42 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $209897.60    | 0.49%             | 2031-03-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                           | Vistra Corp                                                                           | CUSIP: 92840MAC6<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    240000 | PA      | $242887.92    | 0.57%             | N/A             | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                 | Icahn Enterprises LP / Icahn Enterprises Finance Corp                                 | CUSIP: 451102CF2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $53428.77     | 0.12%             | 2029-01-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                                    | Voyager Parent LLC                                                                    | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |    125000 | PA      | $130053.33    | 0.30%             | 2032-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| TEGNA INC                                             | TEGNA Inc                                                                             | CUSIP: 87901JAJ4<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |    220000 | PA      | $213804.80    | 0.50%             | 2028-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                                   | Buckeye Partners LP                                                                   | CUSIP: 118230AV3<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    130000 | PA      | $134682.86    | 0.31%             | 2029-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                                | EquipmentShare.com Inc                                                                | CUSIP: 29450YAA7<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |     45000 | PA      | $47539.35     | 0.11%             | 2028-05-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CABLEVISION LIGHTPATH LLC                             | Cablevision Lightpath LLC 2025 Repriced Term Loan                                     | CUSIP: 12687HAD9<br>LEI: 5493002ZVBLRLGES1R71 | Long             | LON              | CORP              | US        |    214138 | PA      | $215028.60    | 0.50%             | 2027-11-30      | Floating      | 7.31%                 | No            |                  2 | On Loan: No      |
| AXALTA COATING SYSTEMS                                | Axalta Coating Systems LLC                                                            | CUSIP: 05453GAC9<br>LEI: 549300G80QONCHILSF69 | Long             | DBT              | CORP              | US        |    150000 | PA      | $142079.78    | 0.33%             | 2029-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                               | Starwood Property Trust Inc                                                           | CUSIP: 85571BBE4<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |     71000 | PA      | $73303.24     | 0.17%             | 2030-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                                | Acrisure LLC / Acrisure Finance Inc                                                   | CUSIP: 004961AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    139000 | PA      | $140970.05    | 0.33%             | 2032-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I LP                                | Harvest Midstream I LP                                                                | CUSIP: 417558AA1<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |    110000 | PA      | $111873.96    | 0.26%             | 2028-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SCRIPPS ESCROW II INC                                 | Scripps Escrow II Inc                                                                 | CUSIP: 81105DAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $34821.20     | 0.08%             | 2029-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| HOWARD MIDSTREAM ENERGY                               | Howard Midstream Energy Partners LLC                                                  | CUSIP: 442722AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $115686.78    | 0.27%             | 2032-07-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN AQUILA LTD                                 | Transocean Aquila Ltd                                                                 | CUSIP: 893790AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     69308 | PA      | $69833.87     | 0.16%             | 2028-09-30      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                              | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                                   | CUSIP: 77313LAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $129726.88    | 0.30%             | 2033-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TERRAFORM POWER OPERATIN                              | TerraForm Power Operating LLC                                                         | CUSIP: 88104LAE3<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |     65000 | PA      | $64337.96     | 0.15%             | 2028-01-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                              | CHS/Community Health Systems Inc                                                      | CUSIP: 12543DBJ8<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    100000 | PA      | $79735.00     | 0.19%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                | WESCO Distribution Inc                                                                | CUSIP: 95081QAS3<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |     93000 | PA      | $96123.12     | 0.22%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| VITAL ENERGY INC                                      | Vital Energy Inc                                                                      | CUSIP: 516806AJ5<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |     45000 | PA      | $40730.77     | 0.10%             | 2030-10-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| PANTHER ESCROW ISSUER                                 | Panther Escrow Issuer LLC                                                             | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    220000 | PA      | $228525.22    | 0.53%             | 2031-06-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                      | Altice France SA                                                                      | CUSIP: 000000000<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    100000 | PA      | $98712.26     | 0.23%             | 2028-01-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| BondBloxx CCC-Rated USD High Yield Corporate Bond ETF | BondBloxx CCC-Rated USD High Yield Corporate Bond ETF                                 | CUSIP: 09789C887<br>LEI: N/A                  | Long             | EC               | RF                | US        |      5000 | NS      | $194100.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| HILLENBRAND INC                                       | Hillenbrand Inc                                                                       | CUSIP: 431571AE8<br>LEI: U246OE781574J2BUD366 | Long             | DBT              | CORP              | US        |    455000 | PA      | $407539.13    | 0.95%             | 2031-03-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                 | Level 3 Financing Inc                                                                 | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     54000 | PA      | $54946.24     | 0.13%             | 2033-06-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                 | Venture Global Plaquemines LNG LLC                                                    | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    145000 | PA      | $156951.19    | 0.37%             | 2035-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ROLLER BEARING CO OF AME                              | Roller Bearing Co of America Inc                                                      | CUSIP: 775631AD6<br>LEI: 254900U9XW6S76H2P167 | Long             | DBT              | CORP              | US        |    180000 | PA      | $174302.75    | 0.41%             | 2029-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| KRAKEN OIL & GAS PARTNER                              | Kraken Oil & Gas Partners LLC                                                         | CUSIP: 50076PAA6<br>LEI: 549300DR5HSL4YAU3X12 | Long             | DBT              | CORP              | US        |    146000 | PA      | $143434.18    | 0.33%             | 2029-08-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| 1261229 BC LTD                                        | 1261229 BC Ltd                                                                        | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    200000 | PA      | $201753.99    | 0.47%             | 2032-04-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                         | EchoStar Corp                                                                         | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |    140000 | PA      | $144200.00    | 0.34%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                     | Iron Mountain Inc                                                                     | CUSIP: 46284VAJ0<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    245000 | PA      | $241648.91    | 0.56%             | 2030-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MICHAELS COS INC/THE                                  | Michaels Cos Inc/The                                                                  | CUSIP: 55916AAA2<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |     80000 | PA      | $63960.14     | 0.15%             | 2028-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                                  | Fiesta Purchaser Inc                                                                  | CUSIP: 31659AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     42000 | PA      | $44317.06     | 0.10%             | 2032-09-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: —       |
| CRESCENT ENERGY FINANCE                               | Crescent Energy Finance LLC                                                           | CUSIP: 45344LAG8<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |     38000 | PA      | $38023.73     | 0.09%             | 2034-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                         | DISH DBS Corp                                                                         | CUSIP: 25470XBF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    295000 | PA      | $255359.38    | 0.60%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| IRIS HOLDING INC                                      | Iris Holding Inc                                                                      | CUSIP: 462914AA0<br>LEI: 54930013SPZ2NB3I3V40 | Long             | DBT              | CORP              | US        |     35000 | PA      | $32095.82     | 0.07%             | 2028-12-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| VIASAT INC                                            | Viasat Inc                                                                            | CUSIP: 92552VAN0<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |     95000 | PA      | $89783.63     | 0.21%             | 2028-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NGL ENRGY OP/FIN CORP                                 | NGL Energy Operating LLC / NGL Energy Finance Corp                                    | CUSIP: 62922LAD0<br>LEI: 5299005YSRP46BE8Z459 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35105.11     | 0.08%             | 2032-02-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| VIKING BAKED GOODS ACQUI                              | Viking Baked Goods Acquisition Corp                                                   | CUSIP: 92676AAA5<br>LEI: 254900DBFD2H1FJK0893 | Long             | DBT              | CORP              | US        |    160000 | PA      | $156762.99    | 0.37%             | 2031-11-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE CORP                                | Sunoco LP / Sunoco Finance Corp                                                       | CUSIP: 86765LAT4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $82517.21     | 0.19%             | 2029-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                | Cloud Software Group Inc                                                              | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    100000 | PA      | $106422.90    | 0.25%             | 2032-06-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| MCAFEE CORP                                           | McAfee Corp                                                                           | CUSIP: 579063AB4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | DBT              | CORP              | US        |    135000 | PA      | $127491.80    | 0.30%             | 2030-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| KAISER ALUMINUM CORP                                  | Kaiser Aluminum Corp                                                                  | CUSIP: 483007AL4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $126293.93    | 0.29%             | 2031-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS                                 | QXO Building Products Inc                                                             | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |    113000 | PA      | $116412.83    | 0.27%             | 2032-04-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC                                 | Directv Financing LLC / Directv Financing Co-Obligor Inc                              | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    240000 | PA      | $239216.70    | 0.56%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CAPSTONE COPPER CORP                                  | Capstone Copper Corp                                                                  | CUSIP: 14071LAA6<br>LEI: 549300III6KGKKC42W63 | Long             | DBT              | CORP              | CA        |    255000 | PA      | $261109.55    | 0.61%             | 2033-03-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE                               | Crescent Energy Finance LLC                                                           | CUSIP: 45344LAD5<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    145000 | PA      | $141578.03    | 0.33%             | 2032-04-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET FINANCE PLC                               | Avis Budget Finance Plc                                                               | CUSIP: 000000000<br>LEI: 549300W3BJJPGKCIOI13 | Long             | DBT              | CORP              | JE        |    120000 | PA      | $143474.39    | 0.33%             | 2029-02-28      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                                | Nationstar Mortgage Holdings Inc                                                      | CUSIP: 63861CAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $139078.97    | 0.32%             | 2028-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FORTRESS TRANS & INFRAST                              | Fortress Transportation and Infrastructure Investors LLC                              | CUSIP: 34960PAF8<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    110000 | PA      | $113897.85    | 0.27%             | 2031-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC                                         | CoreWeave Inc                                                                         | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    114000 | PA      | $116546.00    | 0.27%             | 2030-06-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                      | Altice France SA                                                                      | CUSIP: 02156LAC5<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $168318.00    | 0.39%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUT                                | Mauser Packaging Solutions Holding Co                                                 | CUSIP: 57763RAB3<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |    115000 | PA      | $114834.41    | 0.27%             | 2026-08-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA VEND FIN IV                              | Virgin Media Vendor Financing Notes IV DAC                                            | CUSIP: 92770QAA5<br>LEI: 635400ZZNJSEA4CAJR23 | Long             | DBT              | CORP              | IE        |    200000 | PA      | $195797.12    | 0.46%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COMPASS MINERALS INTERNA                              | Compass Minerals International Inc                                                    | CUSIP: 20451NAJ0<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |     90000 | PA      | $92982.62     | 0.22%             | 2030-07-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                                 | Mineral Resources Ltd                                                                 | CUSIP: 603051AC7<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |     65000 | PA      | $65302.90     | 0.15%             | 2027-11-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| STAPLES INC                                           | Staples Inc                                                                           | CUSIP: 855030AS1<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |     25000 | PA      | $16543.91     | 0.04%             | 2030-01-15      | Fixed         | 12.75%                | No            |                  2 | On Loan: No      |
| BCPE FLAVOR DEBT/ISSUER                               | BCPE Flavor Debt Merger Sub LLC and BCPE Flavor Issuer Inc                            | CUSIP: 072933AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     78000 | PA      | $79792.01     | 0.19%             | 2032-07-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| GULFPORT ENERGY OP CORP                               | Gulfport Energy Operating Corp                                                        | CUSIP: 402635AT3<br>LEI: 549300FJX18IDUFPHD40 | Long             | DBT              | CORP              | US        |     73000 | PA      | $74814.24     | 0.17%             | 2029-09-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                              | Venture Global Calcasieu Pass LLC                                                     | CUSIP: 92328MAC7<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |     80000 | PA      | $69958.32     | 0.16%             | 2033-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| WYNDHAM HOTELS & RESORTS                              | Wyndham Hotels & Resorts Inc                                                          | CUSIP: 98311AAB1<br>LEI: 549300FE3MQ4RVXXC673 | Long             | DBT              | CORP              | US        |    465000 | PA      | $454892.90    | 1.06%             | 2028-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                  | Cleveland-Cliffs Inc                                                                  | CUSIP: 185899AL5<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     46000 | PA      | $39347.92     | 0.09%             | 2031-03-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PRIME HEALTHCARE SERVICE                              | Prime Healthcare Services Inc                                                         | CUSIP: 74165HAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $84362.50     | 0.20%             | 2029-09-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                               | Kodiak Gas Services LLC                                                               | CUSIP: 50012LAC8<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    235000 | PA      | $243086.59    | 0.57%             | 2029-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HERTZ CORP/THE                                        | Hertz Corp/The                                                                        | CUSIP: 428040DA4<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |     25000 | PA      | $22400.54     | 0.05%             | 2026-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Olin Corp                                             | Olin Corp                                                                             | CUSIP: 680665AK2<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |    190000 | PA      | $183356.92    | 0.43%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                               | MPT Operating Partnership LP / MPT Finance Corp                                       | CUSIP: 55342UAQ7<br>LEI: N/A                  | Long             | DBT              |  | US        |    135000 | PA      | $141285.06    | 0.33%             | 2032-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                                           | Chemours Co/The                                                                       | CUSIP: 163851AF5<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |    425000 | PA      | $398354.67    | 0.93%             | 2028-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                 | Bausch Health Cos Inc                                                                 | CUSIP: 071734AQ0<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    140000 | PA      | $138600.00    | 0.32%             | 2028-09-30      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| RAKUTEN GROUP INC                                     | Rakuten Group Inc                                                                     | CUSIP: 000000000<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $222349.96    | 0.52%             | N/A             | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NEW GOLD INC                                          | New Gold Inc                                                                          | CUSIP: 644535AJ5<br>LEI: 5493005G0GNCHP0H6L96 | Long             | DBT              | CORP              | CA        |    218000 | PA      | $224665.79    | 0.52%             | 2032-04-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| WINDSOR HOLDINGS III LLC                              | Windsor Holdings III LLC 2025 USD Term Loan B                                         | CUSIP: 97360BAH8<br>LEI: 254900IXUJZ9H146T437 | Long             | LON              | CORP              | US        |    246981 | PA      | $247330.79    | 0.58%             | 2030-08-01      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| SIGNATURE AVIATION US                                 | Signature Aviation US Holdings Inc                                                    | CUSIP: 05545MAC6<br>LEI: 213800CSNQ87U1MC8N11 | Long             | DBT              | CORP              | US        |    155000 | PA      | $135237.50    | 0.32%             | 2028-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ENVIRI CORP                                           | Enviri Corp                                                                           | CUSIP: 415864AM9<br>LEI: KAO98FK89NPNNPQGUZ43 | Long             | DBT              | CORP              | US        |     80000 | PA      | $78957.00     | 0.18%             | 2027-07-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                                | EquipmentShare.com Inc                                                                | CUSIP: 29450YAC3<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |     98000 | PA      | $102664.31    | 0.24%             | 2033-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                              | Celanese US Holdings LLC                                                              | CUSIP: 15089QAY0<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    220000 | PA      | $233543.20    | 0.55%             | 2033-11-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                                 | Genesis Energy LP / Genesis Energy Finance Corp                                       | CUSIP: 37185LAR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $67958.93     | 0.16%             | 2033-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| TREEHOUSE FOODS INC                                   | TreeHouse Foods Inc                                                                   | CUSIP: 89469AAD6<br>LEI: 5493007M7EVHE470Q576 | Long             | DBT              | CORP              | US        |     60000 | PA      | $54708.34     | 0.13%             | 2028-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARCHES BUYER INC                                      | Arches Buyer Inc                                                                      | CUSIP: 039524AB9<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |     95000 | PA      | $87372.60     | 0.20%             | 2028-12-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                 | Civitas Resources Inc                                                                 | CUSIP: 17888HAC7<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40609.52     | 0.09%             | 2030-11-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                         | PURCHASED USD / SOLD EUR                                                              | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-6299.57     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| TEVA PHARM FIN CO LLC                                 | Teva Pharmaceutical Finance Co LLC                                                    | CUSIP: 88163VAD1<br>LEI: 5493006PITD7MU7WW480 | Long             | DBT              | CORP              | US        |    190000 | PA      | $195339.95    | 0.46%             | 2036-02-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                                 | Freedom Mortgage Holdings LLC                                                         | CUSIP: 35641AAC2<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |     89000 | PA      | $89959.15     | 0.21%             | 2032-04-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| WALGREENS BOOTS ALLIANCE                              | Walgreens Boots Alliance Inc                                                          | CUSIP: 931427AJ7<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |    200000 | PA      | $231575.67    | 0.54%             | 2026-11-20      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                              | Univision Communications Inc                                                          | CUSIP: 914906AY8<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    240000 | PA      | $243546.96    | 0.57%             | 2028-08-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| TEGNA INC                                             | TEGNA Inc                                                                             | CUSIP: 87901JAH8<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |     90000 | PA      | $85966.53     | 0.20%             | 2029-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                               | MPT Operating Partnership LP / MPT Finance Corp                                       | CUSIP: 55342UAH7<br>LEI: N/A                  | Long             | DBT              |  | US        |    100000 | PA      | $92368.80     | 0.22%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| CIVITAS RESOURCES INC                                 | Civitas Resources Inc                                                                 | CUSIP: 17888HAD5<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    146000 | PA      | $149676.43    | 0.35%             | 2033-06-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                                         | FirstCash Inc                                                                         | CUSIP: 33767DAB1<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |    150000 | PA      | $147273.72    | 0.34%             | 2028-09-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                        | Whirlpool Corp                                                                        | CUSIP: 963320BE5<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    129000 | PA      | $129413.09    | 0.30%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| E W SCRIPPS COMPANY THE                               | EW Scripps Company (The) 2025 Term Loan B2                                            | CUSIP: 26928BAQ2<br>LEI: 549300U1OW41QPKYW028 | Long             | LON              | CORP              | US        |     40000 | PA      | $38866.60     | 0.09%             | 2028-06-30      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| DWS                                                   | DWS Government & Agency Securities Portfolio DWS Government Cash Institutional Shares | CUSIP: 147539670<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1534239 | NS      | $1534239.00   | 3.58%             |  |  |  | No            |                  1 | On Loan: No      |
| USA COM PART/USA COM FIN                              | USA Compression Partners LP / USA Compression Finance Corp                            | CUSIP: 91740PAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    195000 | PA      | $195392.25    | 0.46%             | 2027-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                      | CSC Holdings LLC                                                                      | CUSIP: 126307BB2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    720000 | PA      | $507969.07    | 1.19%             | 2030-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| AMC NETWORKS INC                                      | AMC Networks Inc                                                                      | CUSIP: 00164VAK9<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |    125000 | PA      | $126655.00    | 0.30%             | 2032-07-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| CAMELOT RETURN MERGER SU                              | Camelot Return Merger Sub Inc                                                         | CUSIP: 13323NAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $41499.45     | 0.10%             | 2028-08-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| SPECIALTY BUILDING PRODU                              | Specialty Building Products Holdings LLC / SBP Finance Corp                           | CUSIP: 84749AAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     56000 | PA      | $55034.09     | 0.13%             | 2029-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                          | SM Energy Co                                                                          | CUSIP: 78454LAY6<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    179000 | PA      | $176385.28    | 0.41%             | 2032-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| CLOUD SOFTWARE GRP INC                                | Cloud Software Group Inc                                                              | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    290000 | PA      | $300592.37    | 0.70%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC                                     | Lithia Motors Inc                                                                     | CUSIP: 536797AF0<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |    200000 | PA      | $190174.93    | 0.44%             | 2031-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| XPLR INFRASTRUCTURE LP                                | XPLR Infrastructure LP                                                                | CUSIP: 65341BAG1<br>LEI: 5493008F4ZOQFNG3WN54 | Long             | DBT              | CORP              | US        |    465000 | PA      | $444074.32    | 1.04%             | 2026-06-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: —       |
| FIRSTCASH INC                                         | FirstCash Inc                                                                         | CUSIP: 33767DAD7<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |     70000 | PA      | $72435.51     | 0.17%             | 2032-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                                   | Buckeye Partners LP                                                                   | CUSIP: 118230AU5<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |     80000 | PA      | $78792.87     | 0.18%             | 2028-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                            | goeasy Ltd                                                                            | CUSIP: 380355AH0<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |    155000 | PA      | $163992.64    | 0.38%             | 2028-12-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corp                                 | Tenet Healthcare Corp                                                                 | CUSIP: 88033GAV2<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    165000 | PA      | $177387.38    | 0.41%             | 2031-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE CORP                                | Sunoco LP / Sunoco Finance Corp                                                       | CUSIP: 86765LAZ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    230000 | PA      | $221145.32    | 0.52%             | 2030-04-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                | Venture Global LNG Inc                                                                | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    105000 | PA      | $114384.69    | 0.27%             | 2029-02-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| UKG INC                                               | UKG Inc                                                                               | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |     95000 | PA      | $98569.63     | 0.23%             | 2031-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE CO INC                              | Acadia Healthcare Co Inc                                                              | CUSIP: 00404AAQ2<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |     66000 | PA      | $67995.31     | 0.16%             | 2033-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: —       |
| BAUSCH HEALTH COS INC                                 | Bausch Health Cos Inc                                                                 | CUSIP: 071734AM9<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |     50000 | PA      | $35000.00     | 0.08%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Altice Financing SA                                   | Altice Financing SA 2022 USD Term Loan                                                | CUSIP: 000000000<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | LON              | CORP              | LU        |    203717 | PA      | $164925.09    | 0.39%             | 2027-10-31      | Floating      | 9.26%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                  | LifePoint Health Inc                                                                  | CUSIP: 53219LAU3<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |     45000 | PA      | $41942.25     | 0.10%             | 2029-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                              | Univision Communications Inc                                                          | CUSIP: 914906AZ5<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40044.31     | 0.09%             | 2031-07-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| COMPASS GROUP DIVERSIFIE                              | Compass Group Diversified Holdings LLC                                                | CUSIP: 20451RAB8<br>LEI: 549300I6PTUQPX21TE93 | Long             | DBT              | CORP              | US        |     90000 | PA      | $80784.34     | 0.19%             | 2029-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE CO INC                              | Acadia Healthcare Co Inc                                                              | CUSIP: 00404AAN9<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |    140000 | PA      | $139099.94    | 0.32%             | 2028-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GLOBAL PART/GLP FINANCE                               | Global Partners LP / GLP Finance Corp                                                 | CUSIP: 37954FAK0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $105168.20    | 0.25%             | 2032-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FIN                              | Virgin Media Secured Finance PLC                                                      | CUSIP: 92769XAP0<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |    345000 | PA      | $339335.98    | 0.79%             | 2029-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                              | Electricite de France SA                                                              | CUSIP: 28504KAA5<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $225585.00    | 0.53%             | N/A             | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| ALUMINA PTY LTD                                       | Alumina Pty Ltd                                                                       | CUSIP: 02220AAB3<br>LEI: 2138002VD9MW2WT8HR38 | Long             | DBT              | CORP              | AU        |    239000 | PA      | $243488.83    | 0.57%             | 2032-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| MOSS CREEK RESOURCES HLD                              | Moss Creek Resources Holdings Inc                                                     | CUSIP: 61965RAC9<br>LEI: 54930037SLMSPWKYIX36 | Long             | DBT              | CORP              | US        |    198000 | PA      | $192581.75    | 0.45%             | 2031-09-01      | Fixed         | 8.25%                 | 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        |    200000 | PA      | $204105.45    | 0.48%             | 2030-05-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                              | Clear Channel Outdoor Holdings Inc                                                    | CUSIP: 18453HAF3<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     80000 | PA      | $82579.52     | 0.19%             | 2030-04-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| RITHM CAPITAL CORP                                    | Rithm Capital Corp                                                                    | CUSIP: 64828TAC6<br>LEI: 549300WNTHGEO5LP2G31 | Long             | DBT              |  | US        |    129000 | PA      | $129645.00    | 0.30%             | 2030-07-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC                                | SCIH Salt Holdings Inc                                                                | CUSIP: 78433BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $141271.91    | 0.33%             | 2028-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE TECH LLC                                    | CommScope Technologies LLC                                                            | CUSIP: 20338HAB9<br>LEI: M4TWC4QDOKW45N7T6Y12 | Long             | DBT              | CORP              | US        |     75000 | PA      | $73046.57     | 0.17%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IAMGOLD CORP                                          | IAMGOLD Corp                                                                          | CUSIP: 450913AF5<br>LEI: 254900E7II30XAB9LA72 | Long             | DBT              | CORP              | CA        |    225000 | PA      | $223131.96    | 0.52%             | 2028-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PLAYTIKA HOLDING CORP                                 | Playtika Holding Corp                                                                 | CUSIP: 72815LAA5<br>LEI: 254900E35Z4TKA4UFG64 | Long             | DBT              | CORP              | US        |    290000 | PA      | $263177.90    | 0.61%             | 2029-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PENN ENTERTAINMENT INC                                | Penn Entertainment Inc                                                                | CUSIP: 707569AV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $41697.36     | 0.10%             | 2029-07-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: —       |
| DWS                                                   | DWS Central Cash Management Government Fund                                           | CUSIP: 25160K306<br>LEI: 5493003GD84DGSXJ7618 | Long             | STIV             | RF                | US        |   1104109 | NS      | $1104108.78   | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| CHAMPION IRON CANADA INC                              | Champion Iron Canada Inc                                                              | CUSIP: 15853BAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     94000 | PA      | $95305.40     | 0.22%             | 2032-07-15      | Fixed         | 7.88%                 | 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        |    105000 | PA      | $100104.86    | 0.23%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Garda World Security Corporation                      | Garda World Security Corporation 2025 Term Loan B                                     | CUSIP: 000000000<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | LON              | CORP              | CA        |    106582 | PA      | $106907.58    | 0.25%             | 2029-02-01      | Floating      | 7.31%                 | No            |                  2 | On Loan: No      |
| SIMMONS FOOD INC/SIMMONS                              | Simmons Foods Inc/Simmons Prepared Foods Inc/Simmons Pet Food Inc/Simmons Feed        | CUSIP: 82873MAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $70813.00     | 0.17%             | 2029-03-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                                | Match Group Holdings II LLC                                                           | CUSIP: 57665RAN6<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    135000 | PA      | $131736.35    | 0.31%             | 2028-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ILIAD HOLDING SAS                                     | Iliad Holding SASU                                                                    | CUSIP: 449691AC8<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $203654.64    | 0.48%             | 2028-10-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                  | Edison International                                                                  | CUSIP: 281020AX5<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |     75000 | PA      | $72442.10     | 0.17%             | 2053-06-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: —       |
| TELENET FINANCE LUX NOTE                              | Telenet Finance Luxembourg Notes Sarl                                                 | CUSIP: 000000000<br>LEI: 2138007RI9GLJPCC3E25 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $197896.85    | 0.46%             | 2028-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NGL ENRGY OP/FIN CORP                                 | NGL Energy Operating LLC / NGL Energy Finance Corp                                    | CUSIP: 62922LAC2<br>LEI: 5299005YSRP46BE8Z459 | Long             | DBT              | CORP              | US        |    165000 | PA      | $166699.67    | 0.39%             | 2029-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED ENERGY FIN                               | Consolidated Energy Finance SA                                                        | CUSIP: 20914UAF3<br>LEI: 549300PUNIS0USNSL750 | Long             | DBT              | CORP              | LU        |    150000 | PA      | $128590.20    | 0.30%             | 2028-10-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: —       |
| NISSAN MOTOR ACCEPTANCE                               | Nissan Motor Acceptance Co LLC                                                        | CUSIP: 65480CAC9<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    135000 | PA      | $128743.98    | 0.30%             | 2026-09-16      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                          | Navient Corp                                                                          | CUSIP: 63938CAK4<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |     90000 | PA      | $89634.35     | 0.21%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ZIGGO BV                                              | Ziggo BV                                                                              | CUSIP: 98955DAA8<br>LEI: 213800TQASLF9JXH5J59 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $186804.72    | 0.44%             | 2030-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| STENA INTERNATIONAL SA                                | Stena International SA                                                                | CUSIP: 85858EAD5<br>LEI: 213800A4LTGG4W55QP46 | Long             | DBT              | CORP              | LU        |    400000 | PA      | $401239.20    | 0.94%             | 2031-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI                              | Charles River Laboratories International Inc                                          | CUSIP: 159864AJ6<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |     80000 | PA      | $73303.47     | 0.17%             | 2031-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GARRETT MOTION HLD/SARL                               | Garrett Motion Holdings Inc / Garrett LX I Sarl                                       | CUSIP: 366504AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $109318.65    | 0.26%             | 2032-05-31      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                              | Ascent Resources Utica Holdings LLC / ARU Finance Corp                                | CUSIP: 04364VAX1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    166000 | PA      | $168945.34    | 0.39%             | 2032-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                              | First Quantum Minerals Ltd                                                            | CUSIP: 335934AW5<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $205138.00    | 0.48%             | 2033-03-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION                                 | McGraw-Hill Education Inc                                                             | CUSIP: 58064LAA2<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |    185000 | PA      | $192981.13    | 0.45%             | 2031-09-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| RAKUTEN GROUP INC                                     | Rakuten Group Inc                                                                     | CUSIP: 75102WAA6<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $196259.27    | 0.46%             | N/A             | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| TGNR INTERMEDIATE HOLDIN                              | TGNR Intermediate Holdings LLC                                                        | CUSIP: 77289KAA3<br>LEI: 5493007AZNVKZ5HEMT23 | Long             | DBT              | CORP              | US        |     65000 | PA      | $62990.52     | 0.15%             | 2029-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                              | CHS/Community Health Systems Inc                                                      | CUSIP: 12543DBG4<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98498.05     | 0.23%             | 2027-03-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SCIL IV LLC / SCIL USA H                              | SCIL IV LLC / SCIL USA Holdings LLC                                                   | CUSIP: 78397UAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $198703.20    | 0.46%             | 2026-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN TITAN FIN LTD                              | Transocean Titan Financing Ltd                                                        | CUSIP: 89386MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    135714 | PA      | $137853.46    | 0.32%             | 2028-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                 | Level 3 Financing Inc                                                                 | CUSIP: 527298CB7<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     80000 | PA      | $74700.00     | 0.17%             | 2029-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| NRG ENERGY INC                                        | NRG Energy Inc                                                                        | CUSIP: 629377CS9<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    130000 | PA      | $119381.52    | 0.28%             | 2032-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AMERITEX HOLDCO INTERMED                              | AmeriTex HoldCo Intermediate LLC                                                      | CUSIP: 030727AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $143206.95    | 0.33%             | 2028-10-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| SEADRILL FINANCE LTD                                  | Seadrill Finance Ltd                                                                  | CUSIP: 81172QAA2<br>LEI: 213800WMN3OHFUDHD642 | Long             | DBT              | CORP              | BM        |    200000 | PA      | $203698.60    | 0.48%             | 2030-08-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| EXCELERATE ENERGY LP                                  | Excelerate Energy LP                                                                  | CUSIP: 30069UAA6<br>LEI: LGL4IE90TNTFYJ55BK06 | Long             | DBT              | CORP              | US        |    188000 | PA      | $198181.80    | 0.46%             | 2030-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| FORTRESS TRANS & INFRAST                              | Fortress Transportation and Infrastructure Investors LLC                              | CUSIP: 34960PAD3<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    110000 | PA      | $109407.97    | 0.26%             | 2028-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                                 | Directv Financing LLC                                                                 | CUSIP: 25461LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $39223.59     | 0.09%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                              | iHeartCommunications Inc                                                              | CUSIP: 45174HBG1<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |     65000 | PA      | $52305.45     | 0.12%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| ENCINO ACQUISITION PARTN                              | Encino Acquisition Partners Holdings LLC                                              | CUSIP: 29254BAB3<br>LEI: 549300BUKUEKT2UE4T49 | Long             | DBT              | CORP              | US        |     45000 | PA      | $49696.02     | 0.12%             | 2031-05-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                                   | Travel + Leisure Co                                                                   | CUSIP: 98310WAS7<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |    210000 | PA      | $212308.11    | 0.50%             | 2026-07-31      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                               | Starwood Property Trust Inc                                                           | CUSIP: 85571BAU9<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    180000 | PA      | $176941.19    | 0.41%             | 2026-07-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                                 | Mineral Resources Ltd                                                                 | CUSIP: 603051AE3<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |     60000 | PA      | $61404.48     | 0.14%             | 2028-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                     | Post Holdings Inc                                                                     | CUSIP: 737446AP9<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    125000 | PA      | $124426.83    | 0.29%             | 2029-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VZ VENDOR FINANCING                                   | VZ Vendor Financing II BV                                                             | CUSIP: 000000000<br>LEI: 724500DRKUUR3GFOSK76 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $106914.10    | 0.25%             | 2029-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                              | American Airlines Inc/AAdvantage Loyalty IP Ltd                                       | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     91667 | PA      | $91456.32     | 0.21%             | 2026-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                               | Starwood Property Trust Inc                                                           | CUSIP: 85571BBC8<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    140000 | PA      | $141602.02    | 0.33%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                                        | Transocean Inc                                                                        | CUSIP: 893830BX6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |     88000 | PA      | $90494.27     | 0.21%             | 2030-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                              | Hess Midstream Operations LP                                                          | CUSIP: 428102AE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    265000 | PA      | $254790.29    | 0.59%             | 2030-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HOWARD MIDSTREAM ENERGY                               | Howard Midstream Energy Partners LLC                                                  | CUSIP: 442722AB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $89236.52     | 0.21%             | 2028-07-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| SPDR Portfolio High Yield Bond ETF                    | SPDR Portfolio High Yield Bond ETF                                                    | CUSIP: 78468R606<br>LEI: N/A                  | Long             | EC               | RF                | US        |     55000 | NS      | $1309000.00   | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ROCKET SOFTWARE INC                                   | Rocket Software Inc                                                                   | CUSIP: 77314EAA6<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |     85000 | PA      | $82474.35     | 0.19%             | 2029-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TRANSMONTAIGNE PARTNERS                               | TransMontaigne Partners LLC                                                           | CUSIP: 89377AAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     66000 | PA      | $68659.47     | 0.16%             | 2030-06-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                | Venture Global LNG Inc                                                                | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     42000 | PA      | $40832.35     | 0.10%             | N/A             | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC                               | Talen Energy Supply LLC                                                               | CUSIP: 87422VAK4<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |     70000 | PA      | $75016.63     | 0.18%             | 2030-06-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| HUGHES SATELLITE SYSTEMS                              | Hughes Satellite Systems Corp                                                         | CUSIP: 444454AF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $21361.89     | 0.05%             | 2026-08-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| EMBECTA CORP                                          | Embecta Corp                                                                          | CUSIP: 29082KAA3<br>LEI: 549300RPG8GXVDHNXZ62 | Long             | DBT              | CORP              | US        |    105000 | PA      | $94877.45     | 0.22%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                                | Spirit AeroSystems Inc                                                                | CUSIP: 85205TAN0<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |     90000 | PA      | $95490.99     | 0.22%             | 2029-11-30      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| ASHLAND INC                                           | Ashland Inc                                                                           | CUSIP: 04433LAA0<br>LEI: 529900E4L9R04SB8HB11 | Long             | DBT              | CORP              | US        |    695000 | PA      | $619296.29    | 1.45%             | 2031-09-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                         | TransDigm Inc                                                                         | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30778.25     | 0.07%             | 2029-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ELEMENT SOLUTIONS INC                                 | Element Solutions Inc                                                                 | CUSIP: 28618MAA4<br>LEI: 549300FLGN6P5CU20J91 | Long             | DBT              | CORP              | US        |    480000 | PA      | $465501.60    | 1.09%             | 2028-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                | Venture Global LNG Inc                                                                | CUSIP: 92332YAE1<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    127000 | PA      | $128385.95    | 0.30%             | 2030-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP                                 | Freedom Mortgage Corp                                                                 | CUSIP: 35640YAK3<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |     80000 | PA      | $86033.86     | 0.20%             | 2028-10-01      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS INC                               | Zayo Group Holdings Inc                                                               | CUSIP: 98919VAA3<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |     75000 | PA      | $70333.24     | 0.16%             | 2027-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                                | Match Group Holdings II LLC                                                           | CUSIP: 57665RAG1<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149177.15    | 0.35%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lumen Technologies Inc                                | Lumen Technologies Inc 2024 Extended Term Loan B1                                     | CUSIP: 55024EAF2<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | LON              | CORP              | US        |    214835 | PA      | $212553.63    | 0.50%             | 2029-04-16      | Floating      | 6.79%                 | No            |                  2 | On Loan: No      |
| Mineral Resources Ltd                                 | Mineral Resources Ltd                                                                 | CUSIP: 603051AA1<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |     60000 | PA      | $59968.10     | 0.14%             | 2027-05-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| GLOBAL PART/GLP FINANCE                               | Global Partners LP / GLP Finance Corp                                                 | CUSIP: 37954FAL8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     81000 | PA      | $82135.12     | 0.19%             | 2033-07-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES/ESCR                              | Windstream Services LLC / Windstream Escrow Finance Corp                              | CUSIP: 97381AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    148000 | PA      | $154998.33    | 0.36%             | 2031-10-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| MIDWEST GMNG BOR/MWG FIN                              | Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp                             | CUSIP: 59833DAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    205000 | PA      | $197469.61    | 0.46%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC                               | American Axle & Manufacturing Inc                                                     | CUSIP: 02406PBB5<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    100000 | PA      | $91512.79     | 0.21%             | 2029-10-01      | Fixed         | 5.00%                 | 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        |     99000 | PA      | $100841.30    | 0.24%             | 2031-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ATS CORP                                              | ATS Corp                                                                              | CUSIP: 001940AC9<br>LEI: 5493005KP4RP3IU7HQ41 | Long             | DBT              | CORP              | CA        |    220000 | PA      | $210364.41    | 0.49%             | 2028-12-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Gray Television Inc                                   | Gray Television Inc 2021 Term Loan D                                                  | CUSIP: 389376AZ7<br>LEI: 529900TM5726KDN7UU35 | Long             | LON              | CORP              | US        |    143550 | PA      | $139357.17    | 0.33%             | 2028-12-01      | Floating      | 7.44%                 | No            |                  2 | On Loan: No      |
| AETHON UN/AETHIN UN FIN                               | Aethon United BR LP / Aethon United Finance Corp                                      | CUSIP: 00810GAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    295000 | PA      | $309435.53    | 0.72%             | 2029-10-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| TRIDENT TPI HOLDINGS INC                              | Trident TPI Holdings Inc                                                              | CUSIP: 89616RAC3<br>LEI: 549300TPLK304J3RNC85 | Long             | DBT              | CORP              | US        |     60000 | PA      | $63646.86     | 0.15%             | 2028-12-31      | Fixed         | 12.75%                | No            |                  2 | On Loan: No      |
| HLF FIN SARL LLC/HERBALI                              | HLF Financing Sarl LLC / Herbalife International Inc                                  | CUSIP: 40390DAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    155000 | PA      | $130331.38    | 0.30%             | 2029-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Vodafone Group PLC                                    | Vodafone Group PLC                                                                    | CUSIP: 92857WBQ2<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    265000 | PA      | $276486.43    | 0.65%             | 2079-04-04      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                                 | Freedom Mortgage Holdings LLC                                                         | CUSIP: 35641AAA6<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |     70000 | PA      | $72707.60     | 0.17%             | 2029-02-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                  | LifePoint Health Inc                                                                  | CUSIP: 53219LAY5<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    171000 | PA      | $182208.04    | 0.43%             | 2032-02-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                 | HUB International Ltd                                                                 | CUSIP: 44332PAG6<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    195000 | PA      | $195026.33    | 0.46%             | 2029-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| WAYFAIR LLC                                           | Wayfair LLC                                                                           | CUSIP: 94419NAB3<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90558.54     | 0.21%             | 2030-09-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| FMG RESOURCES AUG 2006                                | FMG Resources August 2006 Pty Ltd                                                     | CUSIP: 30251GBC0<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |     80000 | PA      | $74752.11     | 0.17%             | 2031-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                              | Ascent Resources Utica Holdings LLC / ARU Finance Corp                                | CUSIP: 04364VBA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    247000 | PA      | $250580.90    | 0.59%             | 2033-07-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| KINETIK HOLDINGS LP                                   | Kinetik Holdings LP                                                                   | CUSIP: 49461MAB6<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |     61000 | PA      | $62390.19     | 0.15%             | 2028-12-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| BOYD GAMING CORP                                      | Boyd Gaming Corp                                                                      | CUSIP: 103304BV2<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |    289000 | PA      | $276990.95    | 0.65%             | 2031-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BURFORD CAPITAL GLBL FIN                              | Burford Capital Global Finance LLC                                                    | CUSIP: 12116LAA7<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |    200000 | PA      | $198131.00    | 0.46%             | 2028-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                                | Comstock Resources Inc                                                                | CUSIP: 205768AS3<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |    105000 | PA      | $105235.10    | 0.25%             | 2029-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                             | SUNOCO LP                                                                             | CUSIP: 86765KAD1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    112000 | PA      | $113870.27    | 0.27%             | 2033-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                              | CHS/Community Health Systems Inc                                                      | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |     90000 | PA      | $79807.28     | 0.19%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                         | ZF North America Capital Inc                                                          | CUSIP: 98877DAD7<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150453.60    | 0.35%             | 2028-04-14      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI                              | Charles River Laboratories International Inc                                          | CUSIP: 159864AG2<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |    335000 | PA      | $314476.43    | 0.73%             | 2029-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                              | Warnermedia Holdings Inc                                                              | CUSIP: 55903VBY8<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     90000 | PA      | $83814.30     | 0.20%             | 2029-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| CARVANA CO                                            | Carvana Co                                                                            | CUSIP: 146869AM4<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |    164089 | PA      | $194378.46    | 0.45%             | 2031-06-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                 | Level 3 Financing Inc                                                                 | CUSIP: 527298BR3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    185000 | PA      | $169639.45    | 0.40%             | 2028-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                   | NCL Corp Ltd                                                                          | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    129000 | PA      | $131790.08    | 0.31%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                              | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                        | CUSIP: 01883LAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $132516.15    | 0.31%             | 2027-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                                | Match Group Holdings II LLC                                                           | CUSIP: 57667JAA0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    140000 | PA      | $125263.64    | 0.29%             | 2031-10-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| LABL INC                                              | LABL Inc                                                                              | CUSIP: 50168QAE5<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |    130000 | PA      | $120169.17    | 0.28%             | 2028-11-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| AVIENT CORP                                           | Avient Corp                                                                           | CUSIP: 05368VAB2<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |    242000 | PA      | $244262.22    | 0.57%             | 2031-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NUSTAR LOGISTICS LP                                   | NuStar Logistics LP                                                                   | CUSIP: 67059TAH8<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |    370000 | PA      | $383416.20    | 0.90%             | 2030-10-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Quad/Graphics Inc                                     | Quad/Graphics Inc                                                                     | CUSIP: 747301109<br>LEI: W2D68G5NJH4X0NW8PT65 | Long             | EC               | CORP              | US        |       287 | NS      | $1621.55      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG ENERGY INC                                        | NRG Energy Inc                                                                        | CUSIP: 629377CR1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     70000 | PA      | $64421.32     | 0.15%             | 2031-02-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH AMERICAS                                | Bausch Health Americas Inc                                                            | CUSIP: 91911XAW4<br>LEI: KOO0397YRO83WY5MGD97 | Long             | DBT              | CORP              | US        |     80000 | PA      | $76200.00     | 0.18%             | 2027-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| TRONOX INC                                            | Tronox Inc                                                                            | CUSIP: 897051AC2<br>LEI: 549300EPZ4YXC7E5P181 | Long             | DBT              | CORP              | US        |    325000 | PA      | $280445.43    | 0.65%             | 2029-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| OLIN CORP                                             | Olin Corp                                                                             | CUSIP: 680665AN6<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |     92000 | PA      | $90548.17     | 0.21%             | 2033-04-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| STONEPEAK NILE PARENT                                 | Stonepeak Nile Parent LLC                                                             | CUSIP: 861932AA9<br>LEI: 254900TJV3VAFZD0GU41 | Long             | DBT              | CORP              | US        |    103000 | PA      | $109185.77    | 0.25%             | 2032-03-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                                 | Williams Scotsman Inc                                                                 | CUSIP: 96950GAE2<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |    140000 | PA      | $137591.55    | 0.32%             | 2028-08-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                          | Novelis Corp                                                                          | CUSIP: 670001AE6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    245000 | PA      | $234755.74    | 0.55%             | 2030-01-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                                | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    100000 | PA      | $105500.79    | 0.25%             | 2029-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                              | Clear Channel Outdoor Holdings Inc                                                    | CUSIP: 18453HAC0<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     60000 | PA      | $56700.00     | 0.13%             | 2028-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: —       |
| OLYMPUS WTR US HLDG CORP                              | Olympus Water US Holding Corp                                                         | CUSIP: 681639AA8<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    225000 | PA      | $213966.52    | 0.50%             | 2028-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                               | Avis Budget Car Rental LLC / Avis Budget Finance Inc                                  | CUSIP: 053773BK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     82000 | PA      | $85789.96     | 0.20%             | 2032-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                 | Icahn Enterprises LP / Icahn Enterprises Finance Corp                                 | CUSIP: 451102BZ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $130805.70    | 0.31%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                | CCO Holdings LLC / CCO Holdings Capital Corp                                          | CUSIP: 1248EPCB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    570000 | PA      | $567915.80    | 1.33%             | 2029-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED COMMUNICATI                              | Consolidated Communications Inc                                                       | CUSIP: 20903XAF0<br>LEI: 549300WW675Y48HDVX34 | Long             | DBT              | CORP              | US        |     80000 | PA      | $81422.66     | 0.19%             | 2028-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TASEKO MINES LTD                                      | Taseko Mines Ltd                                                                      | CUSIP: 876511AG1<br>LEI: 549300XKUO1JSLU7KX54 | Long             | DBT              | CORP              | CA        |    185000 | PA      | $193672.46    | 0.45%             | 2030-05-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                         | Carnival Corp                                                                         | CUSIP: 143658BY7<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    209000 | PA      | $212536.28    | 0.50%             | 2030-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| EZCORP INC                                            | EZCORP Inc                                                                            | CUSIP: 302301AJ5<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | DBT              | CORP              | US        |    210000 | PA      | $221047.89    | 0.52%             | 2032-04-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL                               | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC                       | CUSIP: 91327TAC5<br>LEI: N/A                  | Long             | DBT              |  | US        |     43000 | PA      | $43436.36     | 0.10%             | 2032-06-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                         | Carnival Corp                                                                         | CUSIP: 143658BZ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    429000 | PA      | $437043.75    | 1.02%             | 2031-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I LP                                | Harvest Midstream I LP                                                                | CUSIP: 417558AB9<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52808.45     | 0.12%             | 2032-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                                    | Ardonagh Finco Ltd                                                                    | CUSIP: 000000000<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |    100000 | PA      | $121039.59    | 0.28%             | 2031-02-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| WALGREENS BOOTS ALLIANCE                              | Walgreens Boots Alliance Inc                                                          | CUSIP: 931427AS7<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |     40000 | PA      | $38202.65     | 0.09%             | 2030-04-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                     | Herc Holdings Inc                                                                     | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    422000 | PA      | $440718.80    | 1.03%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                                   | Buckeye Partners LP                                                                   | CUSIP: 118230AW1<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    171000 | PA      | $177504.31    | 0.41%             | 2030-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                                 | Genesis Energy LP / Genesis Energy Finance Corp                                       | CUSIP: 37185LAP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    210000 | PA      | $219594.90    | 0.51%             | 2029-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| RIVERS ENTERPRISE                                     | Rivers Enterprise Borrower LLC / Rivers Enterprise Finance Corp                       | CUSIP: 76883NAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    161000 | PA      | $161208.11    | 0.38%             | 2033-02-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| PATTERN ENERGY OP LP/PAT                              | Pattern Energy Operations LP / Pattern Energy Operations Inc                          | CUSIP: 70339PAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    205000 | PA      | $198616.57    | 0.46%             | 2028-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| KIMMERIDGE TEXAS GAS LLC                              | Kimmeridge Texas Gas LLC                                                              | CUSIP: 49446BAA2<br>LEI: 254900LM244SIFQ1QY31 | Long             | DBT              | CORP              | US        |    120000 | PA      | $124193.04    | 0.29%             | 2030-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                 | Civitas Resources Inc                                                                 | CUSIP: 17888HAB9<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |     65000 | PA      | $65722.09     | 0.15%             | 2031-07-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| STAPLES INC                                           | Staples Inc                                                                           | CUSIP: 855030AQ5<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |    196000 | PA      | $185499.32    | 0.43%             | 2029-09-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                         | EchoStar Corp                                                                         | CUSIP: 278768AA4<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |    171125 | PA      | $156173.87    | 0.36%             | 2030-11-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |

### Signature

**Date Signed:** 2025-07-29

**Name of Applicant:** DEUTSCHE DWS VARIABLE SERIES II

**Signature:** Diane Kenneally

**Name of Signer:** Diane Kenneally

**Title:** Treasurer and Chief Financial Officer