# EDGAR Filing Document

**Accession Number:** 0001949594
**File Stem:** 0000035402-26-003414
**Filing Date:** 2026-5
**Character Count:** 223840
**Document Hash:** 361fbb6ea3d150caa5c826cd80da57c6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035402-26-003414.hdr.sgml**: 20260526

**ACCESSION NUMBER**: 0000035402-26-003414

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260526

**DATE AS OF CHANGE**: 20260526

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Fidelity Multi-Strategy Credit Fund
- **CENTRAL INDEX KEY:** 0001949594

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23831
- **FILM NUMBER:** 261017542

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Fidelity® Multi-Strategy Credit Fund**

**March 31, 2026**

MSC-NPRT3-0526

1.9910151.102 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Alternative Funds - 44.8%** | &nbsp;&nbsp;**Alternative Funds - 44.8%** | &nbsp;&nbsp;**Alternative Funds - 44.8%** |
|  | Shares | Value ($)<br>|
| Fidelity Private Credit Fund Class I (m)<br>(Cost $25,955,875)<br>| 1018885 | **25396022** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Bank Loan Obligations - 3.5%** | &nbsp;&nbsp;**Bank Loan Obligations - 3.5%** | &nbsp;&nbsp;**Bank Loan Obligations - 3.5%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| FINLAND - 0.1%  |  |  |
| Materials - 0.1% |  |  |
| Paper & Forest Products - 0.1% |  |  |
| Ahlstrom Holding 3 Oy Tranche B 1LN, term loan CME Term SOFR 1 month Index + 4.25%, 8.2112% 5/23/2030 (b)(c)(d) | 49626 | 49057 |
| SWEDEN - 0.0%  |  |  |
| Industrials - 0.0% |  |  |
| Commercial Services & Supplies - 0.0% |  |  |
| Anticimex Global AB Tranche B 1LN, term loan CME Term SOFR 1 month Index + 3%, 6.56% 11/17/2031 (b)(c)(d) | 38072 | 38080 |
| UNITED KINGDOM - 0.5%  |  |  |
| Communication Services - 0.2% |  |  |
| Entertainment - 0.2% |  |  |
| Crown Finance US Inc Tranche B 1LN, term loan CME Term SOFR 1 month Index + 4.5%, 8.1712% 12/2/2031 (b)(c)(d) | 123442 | 122033 |
| Consumer Discretionary - 0.3% |  |  |
| Hotels, Restaurants & Leisure - 0.3% |  |  |
| City Football Group Ltd Tranche B 1LN, term loan CME Term SOFR 3 month Index + 3.5%, 7.2822% 7/18/2030 (b)(c)(d) | 166389 | 165765 |
| TOTAL UNITED KINGDOM |  | 287798 |
| UNITED STATES - 2.9%  |  |  |
| Communication Services - 0.1% |  |  |
| Media - 0.1% |  |  |
| CMG Media Corp Tranche B2 1LN, term loan CME Term SOFR 3 month Index + 3.5%, 7.2996% 6/18/2029 (b)(c)(d) | 54446 | 50853 |
| Consumer Discretionary - 0.6% |  |  |
| Automobile Components - 0.1% |  |  |
| Power Stop LLC 1LN, term loan CME Term SOFR 3 month Index + 4.75%, 8.5475% 1/26/2029 (b)(c)(d) | 68553 | 56342 |
| Broadline Retail - 0.3% |  |  |
| Great Outdoors Group LLC Tranche B 1LN, term loan CME Term SOFR 1 month Index + 3.25%, 6.9177% 1/23/2032 (b)(c)(d) | 193692 | 193111 |
| Household Durables - 0.1% |  |  |
| TGP Holdings III LLC Tranche B 1LN, term loan CME Term SOFR 1 month Index + 3.25%, 7.0177% 6/29/2028 (b)(c)(d) | 44966 | 38693 |
| Specialty Retail - 0.1% |  |  |
| Kodiak BP LLC Tranche B 1LN, term loan CME Term SOFR 3 month Index + 3.75%, 9.5% 12/4/2031 (b)(c)(d) | 4533 | 4531 |
| LBM Acquisition LLC Tranche B 1LN, term loan CME Term SOFR 1 month Index + 3.75%, 7.525% 6/6/2031 (b)(c)(d) | 57007 | 45456 |
|  |  | 49987 |
| TOTAL CONSUMER DISCRETIONARY |  | 338133 |
| Consumer Staples - 0.1% |  |  |
| Consumer Staples Distribution & Retail - 0.1% |  |  |
| C&S Wholesale Grocers Inc Tranche B 1LN, term loan CME Term SOFR 1 month Index + 5%, 8.6996% 9/20/2030 (b)(c)(d) | 34825 | 33982 |
| Energy - 0.2% |  |  |
| Oil, Gas & Consumable Fuels - 0.2% |  |  |
| New Fortress Energy Inc Tranche B 1LN, term loan CME Term SOFR 3 month Index + 5.5%, 0% (b)(c)(d)(e) | 184225 | 102490 |
| Financials - 0.4% |  |  |
| Financial Services - 0.2% |  |  |
| Nexus Buyer LLC Tranche B 1LN, term loan CME Term SOFR 1 month Index + 3.5%, 7.1677% 7/31/2031 (b)(c)(d) | 108628 | 104234 |
| Insurance - 0.2% |  |  |
| Alera Group Intermediate Holdings Inc Tranche B 1LN, term loan CME Term SOFR 1 month Index + 2.75%, 6.4177% 5/28/2032 (b)(c)(d) | 4975 | 4818 |
| Amynta Agency Borrower Inc Tranche B 1LN, term loan CME Term SOFR 1 month Index + 2.5%, 6.1677% 12/29/2031 (b)(c)(d) | 129350 | 127295 |
|  |  | 132113 |
| TOTAL FINANCIALS |  | 236347 |
| Health Care - 0.2% |  |  |
| Health Care Equipment & Supplies - 0.0% |  |  |
| Bausch + Lomb Corp Tranche B 1LN, term loan CME Term SOFR 1 month Index + 3.75%, 7.4177% 1/15/2031 (b)(c)(d) | 4975 | 4981 |
| Pharmaceuticals - 0.2% |  |  |
| 1261229 BC Ltd Tranche B 1LN, term loan CME Term SOFR 1 month Index + 6.25%, 9.9177% 10/8/2030 (b)(c)(d) | 99250 | 95639 |
| TOTAL HEALTH CARE |  | 100620 |
| Industrials - 0.3% |  |  |
| Commercial Services & Supplies - 0.3% |  |  |
| Brand Industrial Services Inc Tranche B 1LN, term loan CME Term SOFR 3 month Index + 4.5%, 8.1636% 8/1/2030 (b)(c)(d) | 4900 | 4194 |
| CSC ServiceWorks East LLC Tranche EXCHANGE FLSO TL 1LN, term loan CME Term SOFR 1 month Index + 4%, 7.9326% 9/4/2030 (b)(c)(d) | 168673 | 131986 |
| CSC ServiceWorks East LLC Tranche INITIAL FL1O 1LN, term loan CME Term SOFR 1 month Index + 5.43%, 9.101% 9/4/2030 (b)(c)(d) | 28938 | 29457 |
| TOTAL INDUSTRIALS |  | 165637 |
| Information Technology - 0.9% |  |  |
| Software - 0.9% |  |  |
| Applied Systems Inc 2LN, term loan CME Term SOFR 3 month Index + 4.5%, 8.1996% 2/23/2032 (b)(c)(d) | 5000 | 4923 |
| Avalara Inc Tranche B 1LN, term loan CME Term SOFR 3 month Index + 2.75%, 6.4496% 3/29/2032 (b)(c)(d) | 49626 | 48429 |
| Dayforce Bidco LLC Tranche B 1LN, term loan CME Term SOFR 1 month Index + 3%, 6.6608% 2/4/2033 (b)(c)(d) | 25000 | 23618 |
| Dcert Buyer Inc Tranche B 2LN, term loan CME Term SOFR 1 month Index + 7%, 10.6677% 2/19/2029 (b)(c)(d) | 30000 | 22725 |
| EP Purchaser LLC Tranche B 1LN, term loan CME Term SOFR 1 month Index + 3.5%, 7.2872% 11/6/2028 (b)(c)(d) | 374026 | 231361 |
| KnowBe4 Inc 1LN, term loan CME Term SOFR 1 month Index + 3.75%, 7.4168% 7/26/2032 (b)(c)(d) | 4988 | 4430 |
| Modena Buyer LLC 1LN, term loan CME Term SOFR 3 month Index + 4.25%, 7.9168% 7/1/2031 (b)(c)(d) | 98750 | 88354 |
| Polaris Newco LLC Tranche B 1LN, term loan CME Term SOFR 3 month Index + 4%, 7.9285% 6/2/2028 (b)(c)(d) | 108021 | 94788 |
| TOTAL INFORMATION TECHNOLOGY |  | 518628 |
| Materials - 0.1% |  |  |
| Chemicals - 0.1% |  |  |
| M2S Group Intermediate Holdings Inc Tranche B 1LN, term loan CME Term SOFR 3 month Index + 4.75%, 8.4168% 8/25/2031 (b)(c)(d) | 82034 | 79916 |
| TOTAL UNITED STATES |  | 1626606 |
| <br> **TOTAL BANK LOAN OBLIGATIONS**<br> (Cost $2,068,777) |  | <br> **2001541** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Commercial Mortgage Securities - 0.3%** | &nbsp;&nbsp;**Commercial Mortgage Securities - 0.3%** | &nbsp;&nbsp;**Commercial Mortgage Securities - 0.3%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| UNITED STATES - 0.3%  |  |  |
| Hilton USA Trust Series 2016-HHV Class E, 4.1935% 11/5/2038 (c)(i) | 100000 | 99222 |
| MHC Commercial Mortgage Trust Series 2021-MHC Class F, CME Term SOFR 1 month Index + 2.7154%, 6.3884% 4/15/2038 (b)(c)(i) | 80000 | 79950 |
| TOTAL UNITED STATES |  | 179172 |
| <br> **TOTAL COMMERCIAL MORTGAGE SECURITIES**<br> (Cost $169,694) |  | <br> **179172** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Common Stocks - 0.2%** | &nbsp;&nbsp;**Common Stocks - 0.2%** | &nbsp;&nbsp;**Common Stocks - 0.2%** |
|  | Shares | Value ($)<br>|
| FRANCE - 0.1%  |  |  |
| Communication Services - 0.1% |  |  |
| Media - 0.1% |  |  |
| Altice France Holding SA (g) | 4741 | 70307 |
| UNITED STATES - 0.1%  |  |  |
| Consumer Discretionary - 0.1% |  |  |
| Specialty Retail - 0.1% |  |  |
| Burlington Stores Inc (f) | 79 | 25705 |
| Industrials - 0.0% |  |  |
| Commercial Services & Supplies - 0.0% |  |  |
| GEO Group Inc/The (f) | 354 | 5951 |
| TOTAL UNITED STATES |  | 31656 |
| <br> **TOTAL COMMON STOCKS**<br> (Cost $116,399) |  | <br> **101963** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Convertible Corporate Bonds - 7.2%** | &nbsp;&nbsp;**Convertible Corporate Bonds - 7.2%** | &nbsp;&nbsp;**Convertible Corporate Bonds - 7.2%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| AUSTRALIA - 0.0%  |  |  |
| Information Technology - 0.0% |  |  |
| Software - 0.0% |  |  |
| IREN Ltd 0% 7/1/2031 (i)(j) | 31000 | 22577 |
| CAMEROON - 0.1%  |  |  |
| Energy - 0.1% |  |  |
| Oil, Gas & Consumable Fuels - 0.1% |  |  |
| Golar LNG Ltd 2.75% 12/15/2030 (i) | 30000 | 35655 |
| INDIA - 0.0%  |  |  |
| Consumer Discretionary - 0.0% |  |  |
| Hotels, Restaurants & Leisure - 0.0% |  |  |
| MakeMyTrip Ltd 0% 7/1/2030 (i)(j) | 33000 | 27786 |
| SWITZERLAND - 0.0%  |  |  |
| Health Care - 0.0% |  |  |
| Biotechnology - 0.0% |  |  |
| CRISPR Therapeutics AG 1.7308% 3/1/2031 (i) | 16000 | 15640 |
| UNITED STATES - 7.1%  |  |  |
| Communication Services - 1.0% |  |  |
| Entertainment - 0.5% |  |  |
| Liberty Media Corp-Liberty Formula One 2.25% 8/15/2027  | 65000 | 74977 |
| Live Nation Entertainment Inc 2.875% 1/15/2030  | 50000 | 53875 |
| Live Nation Entertainment Inc 2.875% 10/15/2031 (i) | 173000 | 175564 |
|  |  | 304416 |
| Interactive Media & Services - 0.0% |  |  |
| Snap Inc 0.5% 5/1/2030  | 20000 | 16040 |
| Media - 0.5% |  |  |
| Cardlytics Inc 4.25% 4/1/2029  | 29000 | 7930 |
| EchoStar Corp 3.875% 11/30/2030 pay-in-kind (c) | 69548 | 248433 |
|  |  | 256363 |
| TOTAL COMMUNICATION SERVICES |  | 576819 |
| Consumer Discretionary - 1.2% |  |  |
| Automobile Components - 0.1% |  |  |
| Lci Inds Inc 3% 3/1/2030  | 35000 | 42053 |
| Automobiles - 0.2% |  |  |
| Lucid Group Inc 1.25% 12/15/2026 (i) | 12000 | 11250 |
| Rivian Automotive Inc 4.625% 3/15/2029  | 95000 | 101650 |
|  |  | 112900 |
| Broadline Retail - 0.1% |  |  |
| Etsy Inc 1% 6/15/2030 (i) | 32000 | 30880 |
| Hotels, Restaurants & Leisure - 0.6% |  |  |
| Cheesecake Factory Inc/The 2% 3/15/2030  | 27000 | 27446 |
| Cracker Barrel Old Country Store Inc 1.75% 9/15/2030 (i) | 142000 | 111115 |
| DoorDash Inc 0% 5/15/2030 (i)(j) | 98000 | 89278 |
| NCL Corp Ltd 0.75% 9/15/2030 (i) | 69000 | 64013 |
| NCL Corp Ltd 1.125% 2/15/2027  | 25000 | 24350 |
|  |  | 316202 |
| Household Durables - 0.1% |  |  |
| Meritage Homes Corp 1.75% 5/15/2028  | 32000 | 30815 |
| Specialty Retail - 0.1% |  |  |
| GameStop Corp 0% 6/15/2032 (i)(k) | 80000 | 82520 |
| TOTAL CONSUMER DISCRETIONARY |  | 615370 |
| Consumer Staples - 0.0% |  |  |
| Food Products - 0.0% |  |  |
| Freshpet Inc 3% 4/1/2028  | 23000 | 26413 |
| Energy - 0.2% |  |  |
| Energy Equipment & Services - 0.1% |  |  |
| Liberty Energy Inc 0% 3/1/2031 (i)(k) | 55000 | 60170 |
| Oil, Gas & Consumable Fuels - 0.1% |  |  |
| Centrus Energy Corp 2.25% 11/1/2030  | 1000 | 2028 |
| Crescent Energy Co 2.75% 3/15/2031 (i) | 30000 | 34440 |
| Northern Oil & Gas Inc 3.625% 4/15/2029  | 18000 | 19739 |
| Northern Oil & Gas Inc 3.625% 4/15/2029 (i) | 9000 | 9869 |
|  |  | 66076 |
| TOTAL ENERGY |  | 126246 |
| Financials - 0.2% |  |  |
| Capital Markets - 0.0% |  |  |
| WisdomTree Inc 4.625% 8/15/2030 (i) | 20000 | 21740 |
| Consumer Finance - 0.0% |  |  |
| Upstart Holdings Inc 1% 11/15/2030  | 11000 | 7781 |
| Financial Services - 0.2% |  |  |
| Redfin Corp 0.5% 4/1/2027  | 63000 | 60102 |
| Insurance - 0.0% |  |  |
| Oscar Health Inc 2.25% 9/1/2030 (i) | 30000 | 27057 |
| TOTAL FINANCIALS |  | 116680 |
| Health Care - 0.7% |  |  |
| Biotechnology - 0.3% |  |  |
| Alnylam Pharmaceuticals Inc 1% 9/15/2027  | 32000 | 41008 |
| Bridgebio Pharma Inc 0.75% 2/1/2033 (i) | 40000 | 39628 |
| Cogent Biosciences Inc 1.625% 11/15/2031  | 10000 | 12240 |
| Cytokinetics Inc 1.75% 10/1/2031 (i) | 23000 | 29311 |
| Cytokinetics Inc 3.5% 7/1/2027  | 17000 | 24841 |
| Ionis Pharmaceuticals Inc 0% 12/1/2030 (i)(k) | 21000 | 21879 |
|  |  | 168907 |
| Health Care Providers & Services - 0.0% |  |  |
| Guardant Health Inc 0% 5/15/2033 (i)(k) | 31000 | 32917 |
| Pharmaceuticals - 0.4% |  |  |
| Indivior Pharmaceuticals Inc 0.625% 3/15/2031 (i) | 11000 | 11192 |
| Ligand Pharmaceuticals Inc 0.75% 10/1/2030 (i) | 21000 | 25400 |
| Zoetis Inc 0.25% 6/15/2029 (i) | 177000 | 175673 |
|  |  | 212265 |
| TOTAL HEALTH CARE |  | 414089 |
| Industrials - 0.7% |  |  |
| Aerospace & Defense - 0.3% |  |  |
| AeroVironment Inc 0% 7/15/2030 (k) | 8000 | 7828 |
| BWX Technologies Inc 0% 11/1/2030 (i)(j) | 62000 | 64232 |
| Voyager Technologies Inc 0.75% 11/15/2030 (i) | 25000 | 25850 |
|  |  | 97910 |
| Commercial Services & Supplies - 0.0% |  |  |
| Pitney Bowes Inc 1.5% 8/15/2030 (i) | 20000 | 20110 |
| Construction & Engineering - 0.0% |  |  |
| Fluor Corp 1.125% 8/15/2029  | 11000 | 13547 |
| Electrical Equipment - 0.2% |  |  |
| Eos Energy Enterprises Inc 1.75% 12/1/2031 (i) | 130000 | 76375 |
| Sunrun Inc 4% 3/1/2030  | 10000 | 11906 |
|  |  | 88281 |
| Ground Transportation - 0.1% |  |  |
| Lyft Inc 0% 9/15/2030 (i)(k) | 30000 | 28212 |
| Uber Technologies Inc 0.875% 12/1/2028  | 35000 | 42088 |
|  |  | 70300 |
| Professional Services - 0.1% |  |  |
| Parsons Corp 2.625% 3/1/2029  | 81000 | 79704 |
| TOTAL INDUSTRIALS |  | 369852 |
| Information Technology - 2.5% |  |  |
| Communications Equipment - 0.1% |  |  |
| Lumentum Holdings Inc 0.375% 3/15/2032 (i) | 11000 | 42345 |
| Electronic Equipment, Instruments & Components - 0.2% |  |  |
| Itron Inc 0% 3/15/2032 (i)(k) | 28000 | 26544 |
| Mirion Technologies Inc 0% 10/1/2031 (i)(j) | 30000 | 28425 |
| OSI Systems Inc 0.5% 2/1/2031 (i) | 60000 | 61230 |
|  |  | 116199 |
| IT Services - 0.4% |  |  |
| Cloudflare Inc 0% 6/15/2030 (i)(k) | 42000 | 47617 |
| CoreWeave Inc 1.75% 12/1/2031 (i) | 61000 | 61067 |
| DigitalOcean Holdings Inc 0% 8/15/2030 (i)(j) | 49000 | 112186 |
|  |  | 220870 |
| Semiconductors & Semiconductor Equipment - 0.6% |  |  |
| MACOM Technology Solutions Holdings Inc 0% 12/15/2029 (k) | 22000 | 32043 |
| Microchip Technology Inc 0% 2/15/2030 (i)(k) | 61000 | 59506 |
| MKS Inc 1.25% 6/1/2030  | 29000 | 47908 |
| ON Semiconductor Corp 0% 5/1/2027 (j) | 78000 | 100581 |
| Semtech Corp 0% 10/15/2030 (i)(j) | 11000 | 12276 |
| Semtech Corp 1.625% 11/1/2027  | 7000 | 14749 |
| Synaptics Inc 0.75% 12/1/2031  | 24000 | 24792 |
| Ultra Clean Holdings Inc 0% 3/15/2031 (i)(k) | 16000 | 16928 |
| Veeco Instruments Inc 2.875% 6/1/2029  | 14000 | 19406 |
| Wolfspeed Inc 2.5% 6/15/2031 (i) | 5000 | 7131 |
| Wolfspeed Inc 2.5% 6/15/2031  | 4000 | 5704 |
|  |  | 341024 |
| Software - 1.0% |  |  |
| BILL Holdings Inc 0% 4/1/2030 (j) | 35000 | 31080 |
| BlackLine Inc 1% 6/1/2029  | 30000 | 28155 |
| Cipher Digital Inc 0% 10/1/2031 (i)(j) | 3000 | 3344 |
| Datadog Inc 0% 12/1/2029 (k) | 85000 | 82153 |
| MARA Holdings Inc 0% 3/1/2030 (k) | 160000 | 141120 |
| MARA Holdings Inc 0% 8/1/2032 (i)(j) | 21000 | 14795 |
| Nutanix Inc 0.25% 10/1/2027  | 10000 | 10184 |
| Progress Software Corp 3.5% 3/1/2030  | 10000 | 8884 |
| Riot Platforms Inc 0.75% 1/15/2030  | 28000 | 32130 |
| Rubrik Inc 0% 6/15/2030 (i)(j) | 59000 | 50770 |
| Terawulf Inc 0% 5/1/2032 (i)(j) | 46000 | 47514 |
| Terawulf Inc 1% 9/1/2031 (i) | 11000 | 15224 |
| Uber Technologies Inc 0% 5/15/2028 (i)(j) | 75000 | 73376 |
| Unity Software Inc 0% 3/15/2030 (k) | 8000 | 7965 |
|  |  | 546694 |
| Technology Hardware, Storage & Peripherals - 0.2% |  |  |
| Seagate HDD Cayman 3.5% 6/1/2028  | 13000 | 61714 |
| Western Digital Corp 3% 11/15/2028  | 7000 | 50107 |
|  |  | 111821 |
| TOTAL INFORMATION TECHNOLOGY |  | 1378953 |
| Real Estate - 0.5% |  |  |
| Health Care REITs - 0.3% |  |  |
| Ventas Realty LP 3.75% 6/1/2026  | 64000 | 95162 |
| Welltower OP LLC 2.75% 5/15/2028 (i) | 28000 | 58072 |
|  |  | 153234 |
| Real Estate Management & Development - 0.1% |  |  |
| Compass Inc 0.25% 4/15/2031 (i) | 82000 | 68634 |
| Retail REITs - 0.0% |  |  |
| Tanger Properties LP 2.375% 1/15/2031 (i) | 36000 | 36029 |
| Specialized REITs - 0.1% |  |  |
| Digital Realty Trust LP 1.875% 11/15/2029 (i) | 43000 | 45521 |
| TOTAL REAL ESTATE |  | 303418 |
| Utilities - 0.1% |  |  |
| Electric Utilities - 0.1% |  |  |
| PG&E Corp 4.25% 12/1/2027  | 45000 | 46596 |
| TOTAL UNITED STATES |  | 3974436 |
| <br> **TOTAL CONVERTIBLE CORPORATE BONDS**<br> (Cost $3,783,552) |  | <br> **4076094** |

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Convertible Preferred Stocks - 0.4%** | &nbsp;&nbsp;**Convertible Preferred Stocks - 0.4%** | &nbsp;&nbsp;**Convertible Preferred Stocks - 0.4%** |
|  | Shares | Value ($)<br>|
| UNITED STATES - 0.4%  |  |  |
| Financials - 0.0% |  |  |
| Capital Markets - 0.0% |  |  |
| Ares Management Corp 6.75% Series B  | 2 | 74 |
| KKR & Co Inc Series D 6.25%  | 200 | 8022 |
|  |  | 8096 |
| Financial Services - 0.0% |  |  |
| Apollo Global Management Inc Series A, 6.75%  | 152 | 8922 |
| TOTAL FINANCIALS |  | 17018 |
| Health Care - 0.0% |  |  |
| Life Sciences Tools & Services - 0.0% |  |  |
| Bruker Corp 6.375% Series A  | 100 | 28829 |
| Industrials - 0.2% |  |  |
| Aerospace & Defense - 0.2% |  |  |
| Boeing Co Series A, 6%  | 1200 | 77892 |
| VSE Corp 5.75%  | 500 | 24915 |
|  |  | 102807 |
| Trading Companies & Distributors - 0.0% |  |  |
| QXO Inc Series B 5.5%  | 400 | 22236 |
| TOTAL INDUSTRIALS |  | 125043 |
| Information Technology - 0.1% |  |  |
| Semiconductors & Semiconductor Equipment - 0.0% |  |  |
| Microchip Technology Inc Series A 7.5%  | 200 | 11394 |
| Software - 0.1% |  |  |
| Strategy Inc 8%  | 300 | 21321 |
| TOTAL INFORMATION TECHNOLOGY |  | 32715 |
| Utilities - 0.1% |  |  |
| Electric Utilities - 0.1% |  |  |
| PG&E Corp Series A, 6%  | 800 | 34521 |
| TOTAL UNITED STATES |  | 238126 |
| <br> **TOTAL CONVERTIBLE PREFERRED STOCKS**<br> (Cost $244,043) |  | <br> **238126** |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Foreign Government and Government Agency Obligations - 0.7%** | &nbsp;&nbsp;**Foreign Government and Government Agency Obligations - 0.7%** | &nbsp;&nbsp;**Foreign Government and Government Agency Obligations - 0.7%** | &nbsp;&nbsp;**Foreign Government and Government Agency Obligations - 0.7%** |
|  |  | Principal<br> Amount (a)<br>| Value ($)<br>|
| BRAZIL - 0.7%  |  |  |  |
| Brazilian Federative Republic 10% 1/1/2027 <br> (Cost $403,448) | BRL | 2250000 | **423250** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Non-Convertible Corporate Bonds - 27.2%** | &nbsp;&nbsp;**Non-Convertible Corporate Bonds - 27.2%** | &nbsp;&nbsp;**Non-Convertible Corporate Bonds - 27.2%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| AUSTRALIA - 0.2%  |  |  |
| Materials - 0.2% |  |  |
| Metals & Mining - 0.2% |  |  |
| Mineral Resources Ltd 8% 11/1/2027 (i) | 125000 | 126596 |
| Mineral Resources Ltd 9.25% 10/1/2028 (i) | 10000 | 10361 |
| TOTAL AUSTRALIA |  | 136957 |
| BRAZIL - 0.1%  |  |  |
| Materials - 0.1% |  |  |
| Metals & Mining - 0.1% |  |  |
| ERO Copper Corp 6.5% 2/15/2030 (i) | 70000 | 69292 |
| CANADA - 1.9%  |  |  |
| Consumer Discretionary - 0.4% |  |  |
| Hotels, Restaurants & Leisure - 0.4% |  |  |
| 1011778 BC ULC / New Red Finance Inc 3.5% 2/15/2029 (i) | 105000 | 100241 |
| 1011778 BC ULC / New Red Finance Inc 4% 10/15/2030 (i) | 100000 | 93993 |
| Ontario Gaming GTA LP/OTG Co-Issuer Inc 8% 8/1/2030 (i) | 40000 | 38336 |
| TOTAL CONSUMER DISCRETIONARY |  | 232570 |
| Energy - 1.1% |  |  |
| Oil, Gas & Consumable Fuels - 1.1% |  |  |
| Enbridge Inc 8.5% 1/15/2084 (c) | 350000 | 393777 |
| South Bow Canadian Infrastructure Holdings Ltd 7.625% 3/1/2055 (c) | 125000 | 128696 |
| Transcanada Trust 5.6% 3/7/2082 (c) | 55000 | 53922 |
| TOTAL ENERGY |  | 576395 |
| Health Care - 0.1% |  |  |
| Pharmaceuticals - 0.1% |  |  |
| Bausch Health Cos Inc 4.875% 6/1/2028 (i) | 21000 | 19230 |
| Bausch Health Cos Inc 6.25% 2/15/2029 (i) | 70000 | 52500 |
| TOTAL HEALTH CARE |  | 71730 |
| Industrials - 0.0% |  |  |
| Machinery - 0.0% |  |  |
| New Flyer Holdings Inc 9.25% 7/1/2030 (i) | 15000 | 16032 |
| Information Technology - 0.1% |  |  |
| Software - 0.1% |  |  |
| Open Text Corp 6.9% 12/1/2027 (i) | 60000 | 61583 |
| Materials - 0.1% |  |  |
| Chemicals - 0.1% |  |  |
| Methanex Corp 5.65% 12/1/2044  | 70000 | 62455 |
| Utilities - 0.1% |  |  |
| Gas Utilities - 0.1% |  |  |
| AltaGas Ltd 7.2% 10/15/2054 (c)(i) | 45000 | 45629 |
| TOTAL CANADA |  | 1066394 |
| FRANCE - 0.7%  |  |  |
| Communication Services - 0.5% |  |  |
| Diversified Telecommunication Services - 0.5% |  |  |
| Altice France SA 6.5% 4/15/2032 (i) | 45732 | 43219 |
| Altice France SA 6.875% 10/15/2030 (i) | 3811 | 3645 |
| Altice France SA 6.875% 7/15/2032 (i) | 133384 | 126386 |
| Altice France SA 9.5% 11/1/2029 (i) | 110518 | 111653 |
| TOTAL COMMUNICATION SERVICES |  | 284903 |
| Energy - 0.2% |  |  |
| Energy Equipment & Services - 0.2% |  |  |
| Vallourec SACA 7.5% 4/15/2032 (i) | 95000 | 99569 |
| TOTAL FRANCE |  | 384472 |
| GERMANY - 0.1%  |  |  |
| Materials - 0.1% |  |  |
| Chemicals - 0.1% |  |  |
| Cerdia Finanz GmbH 9.375% 10/3/2031 (i) | 50000 | 49527 |
| IRELAND - 0.3%  |  |  |
| Financials - 0.3% |  |  |
| Financial Services - 0.3% |  |  |
| GGAM Finance Ltd 5.875% 3/15/2030 (i) | 95000 | 94654 |
| GGAM Finance Ltd 6.875% 4/15/2029 (i) | 30000 | 30667 |
| GGAM Finance Ltd 8% 6/15/2028 (i) | 25000 | 25946 |
| TOTAL IRELAND |  | 151267 |
| LUXEMBOURG - 0.1%  |  |  |
| Communication Services - 0.1% |  |  |
| Media - 0.1% |  |  |
| Altice Financing SA 5.75% 8/15/2029 (i) | 70000 | 48358 |
| NORWAY - 0.1%  |  |  |
| Energy - 0.1% |  |  |
| Energy Equipment & Services - 0.1% |  |  |
| Seadrill Finance Ltd 8.375% 8/1/2030 (i) | 50000 | 51708 |
| PANAMA - 0.1%  |  |  |
| Communication Services - 0.1% |  |  |
| Wireless Telecommunication Services - 0.1% |  |  |
| C&W Senior Finance Ltd 9% 1/15/2033 (i) | 60000 | 60075 |
| UNITED KINGDOM - 0.6%  |  |  |
| Communication Services - 0.1% |  |  |
| Media - 0.1% |  |  |
| Virgin Media Secured Finance PLC 4.5% 8/15/2030 (i) | 85000 | 75410 |
| Consumer Discretionary - 0.5% |  |  |
| Automobile Components - 0.5% |  |  |
| Macquarie Airfinance Holdings Ltd 6.4% 3/26/2029 (i) | 200000 | 207200 |
| Macquarie Airfinance Holdings Ltd 6.5% 3/26/2031 (i) | 30000 | 31417 |
| TOTAL CONSUMER DISCRETIONARY |  | 238617 |
| TOTAL UNITED KINGDOM |  | 314027 |
| UNITED STATES - 22.9%  |  |  |
| Communication Services - 3.3% |  |  |
| Diversified Telecommunication Services - 0.3% |  |  |
| Cipher Compute LLC 7.125% 11/15/2030 (i) | 20000 | 20720 |
| Frontier Communications Holdings LLC 8.75% 5/15/2030 (i) | 65000 | 66696 |
| Level 3 Financing Inc 3.75% 7/15/2029 (i) | 30000 | 27825 |
| WULF Compute LLC 7.75% 10/15/2030 (i) | 60000 | 63401 |
| Zayo Group Holdings Inc 9.25% 3/9/2030 pay-in-kind (c)(i) | 32684 | 32492 |
|  |  | 211134 |
| Media - 3.0% |  |  |
| CCO Holdings LLC / CCO Holdings Capital Corp 4.25% 1/15/2034 (i) | 335000 | 286590 |
| Charter Communications Operating LLC / Charter Communications Operating Capital 3.7% 4/1/2051  | 198000 | 122545 |
| Clear Channel Outdoor Holdings Inc 7.125% 2/15/2031 (i) | 60000 | 62862 |
| Clear Channel Outdoor Holdings Inc 7.875% 4/1/2030 (i) | 50000 | 52325 |
| CSC Holdings LLC 3.375% 2/15/2031 (i) | 225000 | 132176 |
| CSC Holdings LLC 5% 11/15/2031 (i) | 125000 | 45067 |
| CSC Holdings LLC 6.5% 2/1/2029 (i) | 50000 | 31866 |
| Discovery Global Holdings Inc 5.05% 3/15/2042  | 90000 | 59576 |
| DISH DBS Corp 5.125% 6/1/2029  | 255000 | 227874 |
| DISH Network Corp 11.75% 11/15/2027 (i) | 100000 | 103025 |
| EchoStar Corp 6.75% 11/30/2030 pay-in-kind (c) | 116640 | 117778 |
| EW Scripps Co/The 9.875% 8/15/2030 (i) | 75000 | 72808 |
| Gray Media Inc 5.375% 11/15/2031 (i) | 85000 | 63044 |
| Gray Media Inc 9.625% 7/15/2032 (i) | 15000 | 14999 |
| Sirius XM Radio LLC 3.875% 9/1/2031 (i) | 50000 | 45396 |
| Univision Communications Inc 4.5% 5/1/2029 (i) | 50000 | 46975 |
| Univision Communications Inc 7.375% 6/30/2030 (i) | 200000 | 195984 |
|  |  | 1680890 |
| TOTAL COMMUNICATION SERVICES |  | 1892024 |
| Consumer Discretionary - 3.1% |  |  |
| Automobile Components - 0.1% |  |  |
| Hertz Corp/The 4.625% 12/1/2026 (i) | 16000 | 14452 |
| Patrick Industries Inc 6.375% 11/1/2032 (i) | 40000 | 39997 |
|  |  | 54449 |
| Broadline Retail - 0.0% |  |  |
| Saks Global Enterprises LLC 11% (e)(i) | 17880 | 290 |
| Wayfair LLC 7.25% 10/31/2029 (i) | 20000 | 20416 |
|  |  | 20706 |
| Hotels, Restaurants & Leisure - 2.2% |  |  |
| Affinity Interactive 6.875% 12/15/2027 (i) | 80000 | 48011 |
| BCPE Flavor Debt Merger Sub LLC and BCPE Flavor Issuer Inc 9.5% 7/1/2032 (i) | 70000 | 63477 |
| Boyd Gaming Corp 4.75% 6/15/2031 (i) | 185000 | 175901 |
| Caesars Entertainment Inc 6% 10/15/2032 (i) | 55000 | 50600 |
| Caesars Entertainment Inc 7% 2/15/2030 (i) | 110000 | 111359 |
| Carnival Corp 4% 8/1/2028 (i) | 175000 | 170648 |
| Churchill Downs Inc 5.5% 4/1/2027 (i) | 150000 | 149810 |
| Churchill Downs Inc 6.75% 5/1/2031 (i) | 60000 | 61128 |
| Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc 4.625% 1/15/2029 (i) | 70000 | 66901 |
| Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc 6.75% 1/15/2030 (i) | 30000 | 28021 |
| Hilton Domestic Operating Co Inc 3.75% 5/1/2029 (i) | 120000 | 114869 |
| Light & Wonder International Inc 7.5% 9/1/2031 (i) | 40000 | 41052 |
| Voyager Parent LLC 9.25% 7/1/2032 (i) | 80000 | 83057 |
| Yum! Brands Inc 3.625% 3/15/2031  | 100000 | 92339 |
|  |  | 1257173 |
| Household Durables - 0.1% |  |  |
| Newell Brands Inc 8.5% 6/1/2028 (i) | 80000 | 82576 |
| Specialty Retail - 0.6% |  |  |
| Bath & Body Works Inc 6.875% 11/1/2035  | 105000 | 103286 |
| Hudson Automotive Group 8% 5/15/2032 (i) | 15000 | 15510 |
| LBM Acquisition LLC 6.25% 1/15/2029 (i) | 85000 | 62115 |
| LBM Acquisition LLC 9.5% 6/15/2031 (i) | 95000 | 82693 |
| LCM Investments Holdings II LLC 8.25% 8/1/2031 (i) | 25000 | 25969 |
| Wand NewCo 3 Inc 7.625% 1/30/2032 (i) | 25000 | 25562 |
|  |  | 315135 |
| Textiles, Apparel & Luxury Goods - 0.1% |  |  |
| Wolverine World Wide Inc 4% 8/15/2029 (i) | 45000 | 41653 |
| TOTAL CONSUMER DISCRETIONARY |  | 1771692 |
| Consumer Staples - 0.9% |  |  |
| Consumer Staples Distribution & Retail - 0.5% |  |  |
| Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC 4.875% 2/15/2030 (i) | 270000 | 264286 |
| Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC 6.25% 3/15/2033 (i) | 25000 | 25168 |
|  |  | 289454 |
| Food Products - 0.4% |  |  |
| Fiesta Purchaser Inc 9.625% 9/15/2032 (i) | 75000 | 76385 |
| Post Holdings Inc 4.5% 9/15/2031 (i) | 175000 | 162717 |
|  |  | 239102 |
| TOTAL CONSUMER STAPLES |  | 528556 |
| Energy - 3.5% |  |  |
| Energy Equipment & Services - 0.4% |  |  |
| Diamond Foreign Asset Co / Diamond Finance LLC 8.5% 10/1/2030 (i) | 45000 | 47540 |
| Nabors Industries Inc 9.125% 1/31/2030 (i) | 40000 | 41999 |
| Transocean International Ltd 8.5% 5/15/2031 (i) | 100000 | 104880 |
| Transocean International Ltd 8.75% 2/15/2030 (i) | 45500 | 47329 |
|  |  | 241748 |
| Oil, Gas & Consumable Fuels - 3.1% |  |  |
| Comstock Resources Inc 5.875% 1/15/2030 (i) | 50000 | 48378 |
| Crescent Energy Finance LLC 7.375% 1/15/2033 (i) | 70000 | 69982 |
| Crescent Energy Finance LLC 7.875% 4/15/2032 (i) | 35000 | 35758 |
| Delek Logistics Partners LP / Delek Logistics Finance Corp 7.125% 6/1/2028 (i) | 140000 | 139882 |
| Energy Transfer LP 6% 2/1/2029 (i) | 205000 | 206599 |
| Energy Transfer LP 8% 5/15/2054 (c) | 20000 | 20948 |
| EQT Corp 4.5% 1/15/2029  | 41000 | 40904 |
| Harvest Midstream I LP 7.5% 5/15/2032 (i) | 100000 | 101928 |
| Hess Midstream Operations LP 5.125% 6/15/2028 (i) | 130000 | 129618 |
| Hilcorp Energy I LP / Hilcorp Finance Co 6.25% 4/15/2032 (i) | 70000 | 67748 |
| Northern Oil & Gas Inc 8.75% 6/15/2031 (i) | 70000 | 72789 |
| PBF Holding Co LLC / PBF Finance Corp 6% 2/15/2028  | 20000 | 19909 |
| PBF Holding Co LLC / PBF Finance Corp 7.875% 9/15/2030 (i) | 35000 | 35942 |
| PBF Holding Co LLC / PBF Finance Corp 9.875% 3/15/2030 (i) | 55000 | 58958 |
| SM Energy Co 8.75% 7/1/2031 (i) | 55000 | 57491 |
| Sunoco LP / Sunoco Finance Corp 4.5% 5/15/2029  | 75000 | 73134 |
| Sunoco LP 6.25% 7/1/2033 (i) | 35000 | 35153 |
| Sunoco LP 6.625% 8/15/2032 (i) | 100000 | 101567 |
| Sunoco LP 7.25% 5/1/2032 (i) | 25000 | 25866 |
| Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp 6% 9/1/2031 (i) | 115000 | 113484 |
| Venture Global LNG Inc 8.375% 6/1/2031 (i) | 50000 | 51998 |
| Venture Global LNG Inc 9.5% 2/1/2029 (i) | 60000 | 64878 |
| Venture Global Plaquemines LNG LLC 7.5% 5/1/2033 (i) | 65000 | 71448 |
| Venture Global Plaquemines LNG LLC 7.75% 5/1/2035 (i) | 65000 | 72851 |
|  |  | 1717213 |
| TOTAL ENERGY |  | 1958961 |
| Financials - 2.1% |  |  |
| Capital Markets - 0.2% |  |  |
| Broadstreet Partners Group LLC 5.875% 4/15/2029 (i) | 55000 | 53601 |
| Coinbase Global Inc 3.375% 10/1/2028 (i) | 20000 | 18720 |
| Coinbase Global Inc 3.625% 10/1/2031 (i) | 25000 | 21129 |
|  |  | 93450 |
| Consumer Finance - 0.3% |  |  |
| OneMain Finance Corp 4% 9/15/2030  | 185000 | 167070 |
| Financial Services - 0.4% |  |  |
| Block Inc 3.5% 6/1/2031  | 155000 | 140949 |
| Freedom Mortgage Holdings LLC 8.375% 4/1/2032 (i) | 50000 | 49184 |
| Icahn Enterprises LP / Icahn Enterprises Finance Corp 10% 11/15/2029 (i) | 10000 | 9825 |
| Icahn Enterprises LP / Icahn Enterprises Finance Corp 4.375% 2/1/2029  | 60000 | 51197 |
|  |  | 251155 |
| Insurance - 1.2% |  |  |
| Acrisure LLC / Acrisure Finance Inc 6.75% 7/1/2032 (i) | 135000 | 130090 |
| Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer 6.5% 10/1/2031 (i) | 60000 | 58917 |
| Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer 7.375% 10/1/2032 (i) | 185000 | 183234 |
| HUB International Ltd 5.625% 12/1/2029 (i) | 105000 | 101855 |
| Panther Escrow Issuer LLC 7.125% 6/1/2031 (i) | 110000 | 110369 |
| USI Inc/NY 7.5% 1/15/2032 (i) | 90000 | 91215 |
|  |  | 675680 |
| TOTAL FINANCIALS |  | 1187355 |
| Health Care - 1.5% |  |  |
| Health Care Equipment & Supplies - 0.2% |  |  |
| Medline Borrower LP 3.875% 4/1/2029 (i) | 125000 | 120920 |
| Health Care Providers & Services - 1.0% |  |  |
| CHS/Community Health Systems Inc 4.75% 2/15/2031 (i) | 55000 | 50705 |
| CHS/Community Health Systems Inc 5.25% 5/15/2030 (i) | 165000 | 155510 |
| DaVita Inc 4.625% 6/1/2030 (i) | 85000 | 81729 |
| DaVita Inc 6.875% 9/1/2032 (i) | 60000 | 61465 |
| HAH Group Holding Co LLC 9.75% 10/1/2031 (i) | 25000 | 21902 |
| LifePoint Health Inc 8.375% 2/15/2032 (i) | 50000 | 53396 |
| Tenet Healthcare Corp 4.25% 6/1/2029  | 145000 | 140848 |
|  |  | 565555 |
| Pharmaceuticals - 0.3% |  |  |
| 1261229 BC Ltd 10% 4/15/2032 (i) | 143000 | 146410 |
| Organon & Co / Organon Foreign Debt Co-Issuer BV 4.125% 4/30/2028 (i) | 45000 | 43666 |
|  |  | 190076 |
| TOTAL HEALTH CARE |  | 876551 |
| Industrials - 3.4% |  |  |
| Aerospace & Defense - 1.2% |  |  |
| ATI Inc 5.875% 12/1/2027  | 85000 | 84988 |
| Axon Enterprise Inc 6.125% 3/15/2030 (i) | 50000 | 50828 |
| Axon Enterprise Inc 6.25% 3/15/2033 (i) | 30000 | 30622 |
| TransDigm Inc 4.625% 1/15/2029  | 210000 | 206330 |
| TransDigm Inc 6.375% 3/1/2029 (i) | 160000 | 162000 |
| TransDigm Inc 6.75% 8/15/2028 (i) | 135000 | 136519 |
| TransDigm Inc 7.125% 12/1/2031 (i) | 15000 | 15482 |
|  |  | 686769 |
| Building Products - 0.1% |  |  |
| Builders FirstSource Inc 4.25% 2/1/2032 (i) | 70000 | 64452 |
| Masterbrand Inc 7% 7/15/2032 (i) | 20000 | 19540 |
|  |  | 83992 |
| Commercial Services & Supplies - 1.4% |  |  |
| Allied Universal Holdco LLC 7.875% 2/15/2031 (i) | 100000 | 103122 |
| Artera Services LLC 8.5% 2/15/2031 (i) | 160000 | 137005 |
| Brand Industrial Services Inc 10.375% 8/1/2030 (i) | 50000 | 45696 |
| Brink's Co/The 6.5% 6/15/2029 (i) | 120000 | 121858 |
| GEO Group Inc/The 10.25% 4/15/2031  | 45000 | 47940 |
| GEO Group Inc/The 8.625% 4/15/2029  | 50000 | 51927 |
| GFL Environmental Inc 3.5% 9/1/2028 (i) | 95000 | 92369 |
| Neptune Bidco US Inc 9.29% 4/15/2029 (i) | 55000 | 55069 |
| OT Midco Inc 10% 2/15/2030 (i) | 20000 | 8256 |
| Reworld Holding Corp 4.875% 12/1/2029 (i) | 51000 | 47811 |
|  |  | 711053 |
| Ground Transportation - 0.1% |  |  |
| Uber Technologies Inc 4.5% 8/15/2029 (i) | 70000 | 69407 |
| Machinery - 0.0% |  |  |
| Chart Industries Inc 7.5% 1/1/2030 (i) | 25000 | 25973 |
| Professional Services - 0.2% |  |  |
| Amentum Holdings Inc 7.25% 8/1/2032 (i) | 30000 | 31044 |
| ION Platform Finance US Inc / ION Platform Finance SARL 5.75% 5/15/2028 (i) | 60000 | 56932 |
| ION Platform Finance US Inc / ION Platform Finance SARL 8.75% 5/1/2029 (i) | 35000 | 32548 |
| KBR Inc 4.75% 9/30/2028 (i) | 10000 | 9778 |
|  |  | 130302 |
| Trading Companies & Distributors - 0.4% |  |  |
| Herc Holdings Inc 5.75% 3/15/2031 (i) | 100000 | 98487 |
| United Rentals North America Inc 3.75% 1/15/2032  | 50000 | 45780 |
| United Rentals North America Inc 3.875% 11/15/2027  | 90000 | 88691 |
|  |  | 232958 |
| TOTAL INDUSTRIALS |  | 1940454 |
| Information Technology - 1.6% |  |  |
| Electronic Equipment, Instruments & Components - 0.1% |  |  |
| CPI CG Inc 10% 7/15/2029 (i) | 15000 | 15830 |
| Insight Enterprises Inc 6.625% 5/15/2032 (i) | 20000 | 19303 |
| Lightning Power LLC 7.25% 8/15/2032 (i) | 25000 | 25987 |
|  |  | 61120 |
| IT Services - 0.3% |  |  |
| CoreWeave Inc 9% 2/1/2031 (i) | 35000 | 33303 |
| CoreWeave Inc 9.25% 6/1/2030 (i) | 50000 | 48583 |
| Sabre GLBL Inc 10.75% 3/15/2030 (i) | 8000 | 6724 |
| Sabre GLBL Inc 11.125% 7/15/2030 (i) | 100000 | 84876 |
|  |  | 173486 |
| Semiconductors & Semiconductor Equipment - 0.2% |  |  |
| Entegris Inc 4.375% 4/15/2028 (i) | 130000 | 127861 |
| Wolfspeed Inc 7% 6/15/2031 pay-in-kind (c) | 5972 | 4733 |
| Wolfspeed Inc 9.875% 6/23/2030 pay-in-kind (c)(i) | 6492 | 7083 |
|  |  | 139677 |
| Software - 0.9% |  |  |
| Cloud Software Group Inc 6.5% 3/31/2029 (i) | 145000 | 141458 |
| Cloud Software Group Inc 9% 9/30/2029 (i) | 60000 | 57880 |
| Elastic NV 4.125% 7/15/2029 (i) | 70000 | 65665 |
| Oracle Corp 5.5% 9/27/2064  | 190000 | 145504 |
| UKG Inc 6.875% 2/1/2031 (i) | 100000 | 97732 |
|  |  | 508239 |
| Technology Hardware, Storage & Peripherals - 0.1% |  |  |
| Seagate Data Storage Technology Pte Ltd 8.25% 12/15/2029 (i) | 40000 | 42007 |
| TOTAL INFORMATION TECHNOLOGY |  | 924529 |
| Materials - 1.6% |  |  |
| Chemicals - 0.7% |  |  |
| Celanese US Holdings LLC 6.5% 4/15/2030  | 50000 | 51018 |
| Chemours Co/The 5.75% 11/15/2028 (i) | 80000 | 79210 |
| LSB Industries Inc 6.25% 10/15/2028 (i) | 50000 | 49690 |
| Mativ Holdings Inc 8% 10/1/2029 (i) | 130000 | 121080 |
| Olympus Water US Holding Corp 4.25% 10/1/2028 (i) | 50000 | 47757 |
| Scih Salt Hldgs Inc 4.875% 5/1/2028 (i) | 30000 | 29657 |
|  |  | 378412 |
| Containers & Packaging - 0.6% |  |  |
| Ball Corp 6% 6/15/2029  | 185000 | 187644 |
| Graphic Packaging International LLC 3.75% 2/1/2030 (i) | 140000 | 128467 |
|  |  | 316111 |
| Metals & Mining - 0.3% |  |  |
| Alcoa Nederland Holding BV 4.125% 3/31/2029 (i) | 55000 | 53468 |
| Cleveland-Cliffs Inc 4.625% 3/1/2029 (i) | 140000 | 133590 |
|  |  | 187058 |
| TOTAL MATERIALS |  | 881581 |
| Real Estate - 0.7% |  |  |
| Diversified REITs - 0.0% |  |  |
| Uniti Group LP / Uniti Fiber Holdings Inc / CSL Capital LLC 6% 1/15/2030 (i) | 30000 | 28217 |
| Health Care REITs - 0.4% |  |  |
| MPT Operating Partnership LP / MPT Finance Corp 5% 10/15/2027  | 155000 | 144152 |
| MPT Operating Partnership LP / MPT Finance Corp 8.5% 2/15/2032 (i) | 30000 | 30414 |
|  |  | 174566 |
| Specialized REITs - 0.3% |  |  |
| Iron Mountain Inc 4.5% 2/15/2031 (i) | 50000 | 46952 |
| Iron Mountain Inc 4.875% 9/15/2029 (i) | 125000 | 121617 |
|  |  | 168569 |
| TOTAL REAL ESTATE |  | 371352 |
| Utilities - 1.2% |  |  |
| Electric Utilities - 0.6% |  |  |
| NRG Energy Inc 5.25% 6/15/2029 (i) | 50000 | 49503 |
| NRG Energy Inc 6% 2/1/2033 (i) | 110000 | 110028 |
| PG&E Corp 7.375% 3/15/2055 (c) | 50000 | 50238 |
| Vistra Operations Co LLC 5% 7/31/2027 (i) | 100000 | 99647 |
| Vistra Operations Co LLC 7.75% 10/15/2031 (i) | 50000 | 52374 |
|  |  | 361790 |
| Multi-Utilities - 0.6% |  |  |
| CMS Energy Corp 3.75% 12/1/2050 (c) | 125000 | 114033 |
| Dominion Energy Inc 6% 2/15/2056 (c) | 148000 | 147057 |
| Sempra 4.125% 4/1/2052 (c) | 65000 | 63213 |
|  |  | 324303 |
| TOTAL UTILITIES |  | 686093 |
| TOTAL UNITED STATES |  | 13019148 |
| ZAMBIA - 0.1%  |  |  |
| Materials - 0.1% |  |  |
| Metals & Mining - 0.1% |  |  |
| First Quantum Minerals Ltd 8.625% 6/1/2031 (i) | 75000 | 77344 |
| <br> **TOTAL NON-CONVERTIBLE CORPORATE BONDS**<br> (Cost $15,312,757) |  | <br> **15428569** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Non-Convertible Preferred Stocks - 2.7%** | &nbsp;&nbsp;**Non-Convertible Preferred Stocks - 2.7%** | &nbsp;&nbsp;**Non-Convertible Preferred Stocks - 2.7%** |
|  | Shares | Value ($)<br>|
| UNITED STATES - 2.7%  |  |  |
| Communication Services - 0.3% |  |  |
| Diversified Telecommunication Services - 0.3% |  |  |
| AT&T Inc 5.35%  | 3733 | 79513 |
| AT&T Inc Series C 4.75%  | 4338 | 79906 |
| TOTAL COMMUNICATION SERVICES |  | 159419 |
| Financials - 0.5% |  |  |
| Banks - 0.4% |  |  |
| JPMorgan Chase & Co 4.55%  | 4296 | 80851 |
| JPMorgan Chase & Co 4.625%  | 4226 | 80801 |
| Wells Fargo & Co Series Z, 4.75%  | 4253 | 80892 |
|  |  | 242544 |
| Capital Markets - 0.1% |  |  |
| Morgan Stanley 6.625%  | 1300 | 32669 |
| TOTAL FINANCIALS |  | 275213 |
| Health Care - 0.2% |  |  |
| Health Care Equipment & Supplies - 0.2% |  |  |
| Strive Inc 12.5%  | 1347 | 134336 |
| Information Technology - 1.7% |  |  |
| Software - 1.7% |  |  |
| Strategy Inc 11.5% (h) | 3188 | 318784 |
| Strategy Inc Series A, 10%  | 6527 | 624960 |
| TOTAL INFORMATION TECHNOLOGY |  | 943744 |
| TOTAL UNITED STATES |  | 1512712 |
| <br> **TOTAL NON-CONVERTIBLE PREFERRED STOCKS**<br> (Cost $1,549,276) |  | <br> **1512712** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Preferred Securities - 5.3%** | &nbsp;&nbsp;**Preferred Securities - 5.3%** | &nbsp;&nbsp;**Preferred Securities - 5.3%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| UNITED STATES - 5.3%  |  |  |
| Energy - 1.9% |  |  |
| Oil, Gas & Consumable Fuels - 1.9% |  |  |
| Energy Transfer LP 6.625% (c)(l) | 335000 | 336511 |
| Energy Transfer LP Series G, 7.125% (c)(l) | 275000 | 287208 |
| Plains All American Pipeline LP CME Term SOFR 3 month Index + 4.3716%, 8.0241% (b)(c)(l) | 100000 | 100770 |
| Sunoco LP 7.875% (c)(i)(l) | 325000 | 332807 |
| TOTAL ENERGY |  | 1057296 |
| Financials - 3.4% |  |  |
| Banks - 2.7% |  |  |
| Bank of America Corp 6.25% (c)(l) | 275000 | 279760 |
| Citigroup Inc 6.95% (c)(l) | 115000 | 116864 |
| JPMorgan Chase & Co 6.5% (c)(l) | 405000 | 422167 |
| JPMorgan Chase & Co 6.875% (c)(l) | 135000 | 140844 |
| JPMorgan Chase & Co CME Term SOFR 3 month Index + 2.745%, 6.4058% (b)(c)(l) | 395000 | 401824 |
| Wells Fargo & Co 6.125% (c)(l) | 160000 | 160975 |
|  |  | 1522434 |
| Capital Markets - 0.3% |  |  |
| Bank of New York Mellon Corp/The 5.95% (c)(l) | 95000 | 96607 |
| Goldman Sachs Group Inc/The 6.85% (c)(l) | 60000 | 61726 |
|  |  | 158333 |
| Consumer Finance - 0.4% |  |  |
| Ally Financial Inc 4.7% (c)(l) | 125000 | 116748 |
| Capital One Financial Corp 5.5% (c)(l) | 105000 | 106530 |
|  |  | 223278 |
| Insurance - 0.0% |  |  |
| Alliant Holdings LP 10.5% (c)(g)(l) | 42159 | 40954 |
| TOTAL FINANCIALS |  | 1944999 |
| Industrials - 0.0% |  |  |
| Trading Companies & Distributors - 0.0% |  |  |
| Air Lease Corp 6% (c)(l) | 35000 | 33807 |
| TOTAL UNITED STATES |  | 3036102 |
| <br> **TOTAL PREFERRED SECURITIES**<br> (Cost $2,935,947) |  | <br> **3036102** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 6.4%** | &nbsp;&nbsp;**Money Market Funds - 6.4%** | &nbsp;&nbsp;**Money Market Funds - 6.4%** | &nbsp;&nbsp;**Money Market Funds - 6.4%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (n)<br>(Cost $3,650,982)<br>| 3.69 | 3650252 | **3650982** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 98.7%**<br> (Cost $56,190,750)<br>| <br>**56044533** |
| **NET OTHER ASSETS (LIABILITIES) - 1.3%**  | **749559** |
| **NET ASSETS - 100.0%** | **56794092** |

---

**Currency Abbreviations**

BRL - Brazilian Real

**Legend**

(a) Amount is stated in United States dollars unless otherwise noted.

(b) Coupon is indexed to a floating interest rate which may be multiplied by a specified factor and/or subject to caps or floors.

(c) Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.

(d) Remaining maturities of bank loan obligations may be less than the stated maturities shown as a result of contractual or optional prepayments by the borrower. Such prepayments cannot be predicted with certainty.

(e) Non-income producing - Security is in default.

(f) Non-income producing.

(g) Level 3 security.

(h) Security initially issued at one coupon which converts to a higher coupon at a specified date. The rate shown is the rate at period end.

(i) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $14,748,960 or 26.0% of net assets.

(j) Zero coupon bond which is issued at a discount.

(k) Principal Only Strips represent the right to receive the monthly principal payments.

(l) Security is perpetual in nature with no stated maturity date.

(m) Affiliated fund.

(n) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

**Affiliated Central Funds**

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Cash Central Fund | 2069968 | 24078556 | 22497527 | 74964 | (15) | - | 3650982 | 3650252 | 0.0% |
| Total | 2069968 | 24078556 | 22497527 | 74964 | (15) | - | 3650982 |  |  |

---

Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.

**Affiliated Underlying Funds**

Fiscal year to date information regarding the Fund's investments in affiliated underlying funds is presented below. Exchanges between classes of the same affiliated underlying funds may occur. If an underlying fund changes its name, the name presented below is the name in effect at period end.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period |
| Fidelity Private Credit Fund Class I | 20164130 | 5700000 | - | 1607657 | - | (468108) | 25396022 | 1018885 |
|  | 20164130 | 5700000 | - | 1607657 | - | (468108) | 25396022 |  |

---

Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.

**Investment Valuation**

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.

The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:

Level 1 - Unadjusted quoted prices in active markets for identical investments

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

Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing service on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For any foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing services or from brokers who make markets in such securities. Bank Loan Obligations, Convertible Corporate Bonds, Foreign Government and Government Agency Obligations, Non-Convertible Corporate Bonds and Preferred Securities are valued by pricing services who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. Commercial Mortgage Securities are valued by pricing services who utilize matrix pricing which considers prepayment speed assumptions, attributes of the collateral, yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing services. For foreign debt securities, when significant market or security specific events arise, valuations may be determined in good faith in accordance with procedures adopted by the Board. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

The Fund invests a significant portion of its assets in below investment grade securities. The value of these securities can be more volatile due to changes in the credit quality of the issuer and is sensitive to changes in economic, market and regulatory conditions.

Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Fidelity Private Credit Fund is valued at its net asset value (NAV) each month end and is categorized as Level 2 in the hierarchy.<br>

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.

*The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.*

*Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.*

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Fidelity Multi-Strategy Credit Fund

- **b. Investment Company Act file number:** 811-23831

- **c. CIK number of Registrant:** 0001949594

- **d. LEI of Registrant:** 5493000CPXR8XMGXHW74

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

  - **Street Address 1:** 245 Summer Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

  - **Telephone number:** 1-800-FIDELITY

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

- **a. Name of Series:** Fidelity Multi-Strategy Credit Fund

- **c. LEI of Series:** 5493000CPXR8XMGXHW74

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

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $56990082.56

**Total Liabilities:** $441286.81

**Net Assets:** $56548795.75

**Cash Not Reported:** $435928.91

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 164.35745830 | **1-Year:** 502.75728520 | **5-Year:** 872.46422140 | **10-Year:** 415.50848830 | **30-Year:** 293.81932890

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

- **3-Month:** 931.17081244 | **1-Year:** 2549.96566873 | **5-Year:** 3000.69018015 | **10-Year:** 352.85095226 | **30-Year:** 156.24382907

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.34%                | 0.52%                | -0.23%               |
| Class ID N/A | 0.27%                | 0.46%                | -0.29%               |
| Class ID N/A | 0.36%                | 0.54%                | -0.21%               |
| Class ID N/A | 0.32%                | 0.50%                | -0.25%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-6532.92                | $151711.85                                 |
| Month 2  | $-57178.24               | $43841.64                                  |
| Month 3  | $106561.92               | $-531259.05                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BURLINGTON STORES INC                                                           | BURLINGTON STORES INC                                                                           | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |        79 | NS      | $25705.02     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust                                                    | Fidelity Cash Central Fund                                                                      | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |   3650252 | NS      | $3650982.30   | 6.46%             |  |  |  | No            |                  1 | On Loan: No      |
| GEO GROUP INC/THE                                                               | GEO GROUP INC                                                                                   | CUSIP: 36162J106<br>LEI: 5493003VOR6NTY465495 | Long             | EC               | CORP              | US        |       354 | NS      | $5950.74      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| METHANEX CORP                                                                   | METHANEX CORP 5.65% 12/01/2044                                                                  | CUSIP: 59151KAJ7<br>LEI: 549300TSJHRXT9QXRD13 | Long             | DBT              | CORP              | CA        |     70000 | PA      | $62454.89     | 0.11%             | 2044-12-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                                                        | NOTA DO TESOURO NACIONAL 10% 01/01/2027                                                         | CUSIP: N/A<br>LEI: 254900ZFY40OYEADAP90       | Long             | DBT              | NUSS              | BR        |   2250000 | PA      | $423250.07    | 0.75%             | 2027-01-01      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| BATH and BODY WORKS INC                                                         | BATH and BODY WORKS INC 6.875% 11/01/2035                                                       | CUSIP: 501797AL8<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |    105000 | PA      | $103285.53    | 0.18%             | 2035-11-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSHIP LP / MPT FIN CORP                                          | MPT OPER PARTNERSHIP LP/CORP 5% 10/15/2027                                                      | CUSIP: 55342UAH7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    155000 | PA      | $144150.70    | 0.25%             | 2027-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMERN PIPELINE LP                                                    | PLAINS ALL AMERN PIPELINE LP 6.125%/VAR PERP                                                    | CUSIP: 726503AE5<br>LEI: 5521FA2ITF25TVH63740 | Long             | EP               | CORP              | US        |    100000 | PA      | $99766.98     | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                              | ENERGY TRANSFER LP 6.625%/VAR PERP                                                              | CUSIP: 29273VAJ9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EP               | CORP              | US        |    335000 | PA      | $333873.73    | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| AT and T INC                                                                    | AT and T INC 5.35% 11/01/66 PRFD                                                                | CUSIP: 00206R300<br>LEI: 549300Z40J86GGSTL398 | Long             | EP               | CORP              | US        |      3733 | NS      | $79512.90     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CSC HOLDINGS LLC                                                                | CSC HOLDINGS LLC 6.5% 02/01/2029 144A                                                           | CUSIP: 126307AZ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |     50000 | PA      | $31866.73     | 0.06%             | 2029-02-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC                                                             | CHURCHILL DOWNS INC 5.5% 04/01/2027 144A                                                        | CUSIP: 171484AG3<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149808.78    | 0.26%             | 2027-04-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                                  | NRG ENERGY INC 5.25% 06/15/2029 144A                                                            | CUSIP: 629377CH3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49502.88     | 0.09%             | 2029-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                                        | VISTRA OPERATIONS CO LLC 5% 07/31/2027 144A                                                     | CUSIP: 92840VAF9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99647.11     | 0.18%             | 2027-07-31      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                               | IRON MOUNTAIN INC 4.875% 09/15/2029 144A                                                        | CUSIP: 46284VAF8<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |    125000 | PA      | $121617.30    | 0.22%             | 2029-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AMER INC                                                   | UNITED RENTALS NORTH AMER INC 3.875% 11/15/2027                                                 | CUSIP: 911365BM5<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88690.69     | 0.16%             | 2027-11-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ATI INC                                                                         | ATI INC 5.875% 12/01/2027                                                                       | CUSIP: 01741RAH5<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |     85000 | PA      | $84988.00     | 0.15%             | 2027-12-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM PARTNERS LP                                                      | HESS MIDSTREAM PARTNERS LP 5.125% 06/15/2028 144A                                               | CUSIP: 428104AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $129618.00    | 0.23%             | 2028-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                              | ENERGY TRANSFER LP 7.125%/VAR PERP                                                              | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EP               | CORP              | US        |    275000 | PA      | $279901.88    | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| WELLS FARGO and CO                                                              | WELLSFARGO CL A SERIES Z 4.75% PFD PERP                                                         | CUSIP: 94988U151<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |      4253 | NS      | $80892.06     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ALBERTSONS COS LLC / SAFEWAY INC / NEW ALBERTSONS INC / ALBERTSONS LLC          | ALBERTSONS COS LLC / SAFEWAY INC / NEW ALBERTSONS INC / ALBERTSONS LLC 4.875% 02/15/2030 144A   | CUSIP: 013092AE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    270000 | PA      | $264285.87    | 0.47%             | 2030-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AT and T INC                                                                    | AT and T INC SER C 4.75% PFD PERP                                                               | CUSIP: 00206R706<br>LEI: 549300Z40J86GGSTL398 | Long             | EP               | CORP              | US        |      4338 | NS      | $79905.96     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE and CO                                                           | JPMORGAN CHASE and CO FRN TSFR3M+274.5 PERP                                                     | CUSIP: 48128BAH4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |    395000 | PA      | $395498.49    | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC / CHARTER COMMUNICATIONS OPERATING CAPITAL | CHARTER COMMUNICATIONS OPERATING LLC / CHARTER COMMUNICATIONS OPERATING CAPITAL 3.7% 04/01/2051 | CUSIP: 161175BV5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    198000 | PA      | $122545.14    | 0.22%             | 2051-04-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                                                    | ENTEGRIS INC 4.375% 04/15/2028 144A                                                             | CUSIP: 29362UAC8<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |    130000 | PA      | $127860.98    | 0.23%             | 2028-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                                           | BAUSCH HEALTH COS INC 6.25% 02/15/2029 144A                                                     | CUSIP: 071734AK3<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |     70000 | PA      | $52500.00     | 0.09%             | 2029-02-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                                                      | DAVITA INC 4.625% 06/01/2030 144A                                                               | CUSIP: 23918KAS7<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |     85000 | PA      | $81728.79     | 0.14%             | 2030-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FINANCE PLC                                                | VIRGIN MEDIA SECD FIN PLC 4.5% 08/15/2030 144A                                                  | CUSIP: 92769XAR6<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |     85000 | PA      | $75410.57     | 0.13%             | 2030-08-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                                | CSC HOLDINGS LLC 3.375% 02/15/2031 144A                                                         | CUSIP: 126307BF3<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    225000 | PA      | $132175.71    | 0.23%             | 2031-02-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                               | IRON MOUNTAIN INC 4.5% 02/15/2031 144A                                                          | CUSIP: 46284VAN1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46952.15     | 0.08%             | 2031-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| YUM BRANDS INC                                                                  | YUM BRANDS INC 3.625% 03/15/2031                                                                | CUSIP: 988498AN1<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |    100000 | PA      | $92339.13     | 0.16%             | 2031-03-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| 1011778 B C UNLIMITED LIABILITY CO / NEW RED FIN INC                            | 1011778 BC ULC/NEW RED FIN INC 4% 10/15/2030 144A                                               | CUSIP: 68245XAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    100000 | PA      | $93992.52     | 0.17%             | 2030-10-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| KBR INC                                                                         | KBR INC 4.75% 09/30/2028 144A                                                                   | CUSIP: 48242WAC0<br>LEI: 254900OFQDXZRKRCV808 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9778.25      | 0.02%             | 2028-09-30      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| 1011778 B C UNLIMITED LIABILITY CO / NEW RED FIN INC                            | 1011778 BC ULC/NEW RED FIN INC 3.5% 02/15/2029 144A                                             | CUSIP: 68245XAP4<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    105000 | PA      | $100240.91    | 0.18%             | 2029-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PBF HLDG CO LLC / PBF FIN CORP                                                  | PBF HLDG CO LLC / PBF FIN CORP 6% 02/15/2028                                                    | CUSIP: 69318FAJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $19909.05     | 0.04%             | 2028-02-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO/THE                                                                 | CHEMOURS CO/THE 5.75% 11/15/2028 144A                                                           | CUSIP: 163851AF5<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |     80000 | PA      | $79209.96     | 0.14%             | 2028-11-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING CO INC                                                | HILTON DOMESTIC OPERATING CO INC 3.75% 05/01/2029 144A                                          | CUSIP: 432833AJ0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    120000 | PA      | $114869.45    | 0.20%             | 2029-05-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CMS ENERGY CORP                                                                 | CMS ENERGY CORP T5Y+NA 12/01/2050                                                               | CUSIP: 125896BV1<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |    125000 | PA      | $114032.89    | 0.20%             | 2050-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                                                             | LBM ACQUISITION LLC 6.25% 01/15/2029 144A                                                       | CUSIP: 05552BAA4<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |     85000 | PA      | $62115.15     | 0.11%             | 2029-01-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                            | ONEMAIN FINANCE CORP 4% 09/15/2030                                                              | CUSIP: 682691AA8<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    185000 | PA      | $167070.36    | 0.30%             | 2030-09-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                                           | GFL ENVIRONMENTAL INC 3.5% 09/01/2028 144A                                                      | CUSIP: 36168QAM6<br>LEI: 5493008HF9XC5H29ZX61 | Long             | DBT              | CORP              | CA        |     95000 | PA      | $92369.38     | 0.16%             | 2028-09-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| AFFINITY GAMING LLC                                                             | AFFINITY GAMING LLC 6.875% 12/15/2027 144A                                                      | CUSIP: 00842XAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $48010.70     | 0.08%             | 2027-12-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                              | ENERGY TRANSFER LP 6% 02/01/2029 144A                                                           | CUSIP: 226373AR9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    205000 | PA      | $206598.57    | 0.37%             | 2029-02-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                                           | LEVEL 3 FINANCING INC 3.75% 07/15/2029 144A                                                     | CUSIP: 527298BT9<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     30000 | PA      | $27825.00     | 0.05%             | 2029-07-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CHS/CMNTY HEALTH SYSTEMS INC                                                    | CHS/CMNTY HEALTH SYSTEMS INC 4.75% 02/15/2031 144A                                              | CUSIP: 12543DBK5<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |     55000 | PA      | $50705.81     | 0.09%             | 2031-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                                            | CLEVELAND-CLIFFS INC 4.625% 03/01/2029 144A                                                     | CUSIP: 185899AK7<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    140000 | PA      | $133590.38    | 0.24%             | 2029-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HILTON USA TR 2016-HHV                                                          | HILTON USA TR 2016-HHV VAR 11/05/2038 144A                                                      | CUSIP: 43300LAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $99221.80     | 0.18%             | 2038-11-05      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| DCERT BUYER INC                                                                 | DIGICERT TERM B 2LN 02/19/2029                                                                  | CUSIP: 24022KAJ8<br>LEI: 549300EF826JEEUCHZ67 | Long             | LON              | CORP              | US        |     30000 | PA      | $22725.00     | 0.04%             | 2029-02-19      | Variable      | 0.11%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                               | POST HLDGS INC 4.5% 09/15/2031 144A                                                             | CUSIP: 737446AR5<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    175000 | PA      | $162716.99    | 0.29%             | 2031-09-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ALCOA NEDERLAND HOLDING BV                                                      | ALCOA NEDERLAND HOLDING BV 4.125% 03/31/2029 144A                                               | CUSIP: 013822AG6<br>LEI: 5493000UL1QLQLT1VQ42 | Long             | DBT              | CORP              | NL        |     55000 | PA      | $53467.95     | 0.09%             | 2029-03-31      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE and CO                                                           | JPMORGAN CHASE and CO 4.55% PERP PFD                                                            | CUSIP: 48128B580<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |      4296 | NS      | $80850.72     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| REDFIN CORPORATION                                                              | REDFIN CORP CONV 0.5% 04/01/2027                                                                | CUSIP: 75737FAE8<br>LEI: 549300HXWD3JEMZU3O57 | Long             | DBT              | CORP              | US        |     63000 | PA      | $60102.00     | 0.11%             | 2027-04-01      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| ORGANON and CO / ORGANON FOREIGN DEBT CO-ISSUER BV                              | ORGANON and CO / ORGANON FOREIGN DEBT CO-ISSUER BV 4.125% 04/30/2028 144A                       | CUSIP: 68622TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $43665.91     | 0.08%             | 2028-04-30      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SCIH SALT HLDGS INC                                                             | SCIH SALT HLDGS INC 4.875% 05/01/2028 144A                                                      | CUSIP: 78433BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $29657.80     | 0.05%             | 2028-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BROADSTREET PARTNERS INC                                                        | BROADSTREET PARTNERS INC 5.875% 04/15/2029 144A                                                 | CUSIP: 11135RAA3<br>LEI: 549300BS9N54G8DD0R75 | Long             | DBT              | CORP              | US        |     55000 | PA      | $53600.92     | 0.09%             | 2029-04-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                                | CSC HOLDINGS LLC 5% 11/15/2031 144A                                                             | CUSIP: 126307BK2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    125000 | PA      | $45066.70     | 0.08%             | 2031-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC                                                    | UNIVISION COMMUNICATIONS INC 4.5% 05/01/2029 144A                                               | CUSIP: 914906AV4<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46974.58     | 0.08%             | 2029-05-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ON SEMICONDUCTOR CORP                                                           | ON SEMICONDUCTOR CORP CONV 0% 05/01/2027                                                        | CUSIP: 682189AS4<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | DBT              | CORP              | US        |     78000 | PA      | $100581.00    | 0.18%             | 2027-05-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE and CO                                                           | JPMORGAN CHASE and CO 4.625% PERP PFD                                                           | CUSIP: 48128B549<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |      4226 | NS      | $80801.12     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| BLOCK INC                                                                       | BLOCK INC 3.5% 06/01/2031                                                                       | CUSIP: 852234AP8<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    155000 | PA      | $140948.55    | 0.25%             | 2031-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                                           | TENET HEALTHCARE CORP 4.25% 06/01/2029                                                          | CUSIP: 88033GDM9<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    145000 | PA      | $140847.71    | 0.25%             | 2029-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| DELEK LOGISTICS PARTNERS LP / DELEK LOGISTICS FINANCE CORP                      | DELEK LOGISTICS PARTNERS LP / DELEK LOGISTICS FINANCE CORP 7.125% 06/01/2028 144A               | CUSIP: 24665FAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $139881.71    | 0.25%             | 2028-06-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                                           | BAUSCH HEALTH COS INC 4.875% 06/01/2028 144A                                                    | CUSIP: 071734AN7<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |     21000 | PA      | $19229.91     | 0.03%             | 2028-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BOYD GAMING CORP                                                                | BOYD GAMING CORP 4.75% 06/15/2031 144A                                                          | CUSIP: 103304BV2<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |    185000 | PA      | $175900.59    | 0.31%             | 2031-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                                              | ALLY FINL INC 4.7%/VAR PERP                                                                     | CUSIP: 02005NBN9<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EP               | CORP              | US        |    125000 | PA      | $116038.29    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| POLARIS NEWCO LLC                                                               | SOLERA TERM B 1LN 06/02/2028                                                                    | CUSIP: 73108RAB4<br>LEI: 254900LEPDAG7EDOA064 | Long             | LON              | CORP              | US        |    108021 | PA      | $94788.02     | 0.17%             | 2028-06-02      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                                                          | COMSTOCK RESOURCES INC 5.875% 01/15/2030 144A                                                   | CUSIP: 205768AT1<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48378.47     | 0.09%             | 2030-01-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| TGP HOLDINGS III LLC                                                            | TRAEGER GRILLS TERM B 1LN 06/29/2028                                                            | CUSIP: 87251RAK9<br>LEI: 549300LURVM6CQ1MNO41 | Long             | LON              | CORP              | US        |     44966 | PA      | $38693.18     | 0.07%             | 2028-06-29      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| ELASTIC NV                                                                      | ELASTIC NV 4.125% 07/15/2029 144A                                                               | CUSIP: 28415LAA1<br>LEI: 2549003I48WHHH937I59 | Long             | DBT              | CORP              | NL        |     70000 | PA      | $65665.07     | 0.12%             | 2029-07-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE CORP                           | ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE CORP 4.375% 02/01/2029                         | CUSIP: 451102CC9<br>LEI: 549300T0G4GS0SINS786 | Long             | DBT              | CORP              | US        |     60000 | PA      | $51196.99     | 0.09%             | 2029-02-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP / SUNOCO FIN CORP                                                     | SUNOCO LP / SUNOCO FIN CORP 4.5% 05/15/2029                                                     | CUSIP: 86765LAT4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $73134.17     | 0.13%             | 2029-05-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                                   | CARNIVAL CORP 4% 08/01/2028 144A                                                                | CUSIP: 143658BQ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    175000 | PA      | $170648.05    | 0.30%             | 2028-08-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                                        | BUILDERS FIRSTSOURCE INC 4.25% 02/01/2032 144A                                                  | CUSIP: 12008RAP2<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |     70000 | PA      | $64451.62     | 0.11%             | 2032-02-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MHC COML MTG TR 2021-MHC                                                        | MHC COML MTG TR 2021-MHC TSFR1M+271.544 096 04/15/2038 144A                                     | CUSIP: 55316VAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     80000 | PA      | $79950.00     | 0.14%             | 2038-04-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AMER INC                                                   | UNITED RENTALS NORTH AMER INC 3.75% 01/15/2032                                                  | CUSIP: 911365BP8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |     50000 | PA      | $45780.58     | 0.08%             | 2032-01-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA                                                             | ALTICE FINANCING SA 5.75% 08/15/2029 144A                                                       | CUSIP: 02154CAH6<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |     70000 | PA      | $48358.28     | 0.09%             | 2029-08-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO INC                                                             | SIRIUS XM RADIO INC 3.875% 09/01/2031 144A                                                      | CUSIP: 82967NBM9<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |     50000 | PA      | $45395.93     | 0.08%             | 2031-09-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CCO HLDGS CAP CORP                                                | CCO HLDGS LLC/CAP CORP 4.25% 01/15/2034 144A                                                    | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    335000 | PA      | $286590.36    | 0.51%             | 2034-01-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                                                           | UBER TECHNOLOGIES INC 4.5% 08/15/2029 144A                                                      | CUSIP: 90353TAK6<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69406.97     | 0.12%             | 2029-08-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| TALLGRASS ENERGY PARTNERS LP / TALLGRASS ENERGY FINANCE CORP                    | TALLGRASS ENERGY PARTNERS LP / TALLGRASS ENERGY FINANCE CORP 6% 09/01/2031 144A                 | CUSIP: 87470LAK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $113484.23    | 0.20%             | 2031-09-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| WOLVERINE WORLD WIDE INC                                                        | WOLVERINE WORLD WIDE INC 4% 08/15/2029 144A                                                     | CUSIP: 978097AG8<br>LEI: 549300OVC7PK14LQ8D87 | Long             | DBT              | CORP              | US        |     45000 | PA      | $41652.84     | 0.07%             | 2029-08-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                                                   | DISH DBS CORP 5.125% 06/01/2029                                                                 | CUSIP: 25470XBD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    255000 | PA      | $227873.56    | 0.40%             | 2029-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WATER US HOLDING CORPORATION                                            | OLYMPUS WATER US HOLDING CORPORATION 4.25% 10/01/2028 144A                                      | CUSIP: 681639AA8<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47756.87     | 0.08%             | 2028-10-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| COINBASE GLOBAL INC                                                             | COINBASE GLOBAL INC 3.625% 10/01/2031 144A                                                      | CUSIP: 19260QAD9<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |     25000 | PA      | $21128.79     | 0.04%             | 2031-10-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| COINBASE GLOBAL INC                                                             | COINBASE GLOBAL INC 3.375% 10/01/2028 144A                                                      | CUSIP: 19260QAC1<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18720.77     | 0.03%             | 2028-10-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                   | TRANSDIGM INC 4.625% 01/15/2029                                                                 | CUSIP: 893647BP1<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    210000 | PA      | $206330.05    | 0.36%             | 2029-01-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NUTANIX INC                                                                     | NUTANIX INC CONV 0.25% 10/01/2027                                                               | CUSIP: 67059NAH1<br>LEI: 549300X7J6E8TKVIXW09 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10184.01     | 0.02%             | 2027-10-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| LSB INDUSTRIES INC                                                              | LSB INDUSTRIES INC 6.25% 10/15/2028 144A                                                        | CUSIP: 502160AN4<br>LEI: 5493001H215A0HG0MI71 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49690.12     | 0.09%             | 2028-10-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                                             | MEDLINE BORROWER LP 3.875% 04/01/2029 144A                                                      | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    125000 | PA      | $120920.23    | 0.21%             | 2029-04-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP LP / UNITI FIBER HOLDINGS INC / CSL CAPITAL LLC                     | UNITI GRP/UNITI HLD/CSL 6% 01/15/2030 144A                                                      | CUSIP: 91327AAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $28217.30     | 0.05%             | 2030-01-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| EP PURCHASER LLC                                                                | ENTERTAINMENT PARTNERS TERM B 1LN 11/6/2028                                                     | CUSIP: 26881KAC8<br>LEI: 549300GGODRVQG1GH476 | Long             | LON              | CORP              | US        |    375000 | PA      | $231963.75    | 0.41%             | 2028-11-06      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| GRAY TELEVISION INC                                                             | GRAY TELEVISION INC 5.375% 11/15/2031 144A                                                      | CUSIP: 389286AA3<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |     85000 | PA      | $63043.65     | 0.11%             | 2031-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTL INC                                                      | GRAPHIC PACKAGING INTL INC 3.75% 02/01/2030 144A                                                | CUSIP: 38869AAD9<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    140000 | PA      | $128466.77    | 0.23%             | 2030-02-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NCL CORP LTD                                                                    | NCL CORP LTD CONV 1.125% 02/15/2027                                                             | CUSIP: 62886HBD2<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |     25000 | PA      | $24350.00     | 0.04%             | 2027-02-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| SEMPRA                                                                          | SEMPRA 4.125%/VAR 04/01/2052                                                                    | CUSIP: 816851BM0<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |     65000 | PA      | $63213.12     | 0.11%             | 2052-04-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| REWORLD HLDG CORP                                                               | REWORLD HLDG CORP 4.875% 12/01/2029 144A                                                        | CUSIP: 22303XAA3<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | DBT              | CORP              | US        |     51000 | PA      | $47810.51     | 0.08%             | 2029-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                                           | HUB INTERNATIONAL LTD 5.625% 12/01/2029 144A                                                    | CUSIP: 44332PAG6<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    105000 | PA      | $101854.76    | 0.18%             | 2029-12-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| HERTZ CORP                                                                      | HERTZ CORP 4.625% 12/01/2026 144A                                                               | CUSIP: 428040DA4<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |     16000 | PA      | $14451.53     | 0.03%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LUCID GROUP INC                                                                 | LUCID GROUP INC CONV 1.25% 12/15/2026 144A                                                      | CUSIP: 549498AA1<br>LEI: 529900MRL9Z13ZCRVD74 | Long             | DBT              | CORP              | US        |     12000 | PA      | $11250.00     | 0.02%             | 2026-12-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| POWER STOP LLC                                                                  | POWER STOP TERM 1LN 01/26/2029                                                                  | CUSIP: 73931HAH6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     68553 | PA      | $56342.11     | 0.10%             | 2029-01-26      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT LLC / FERTITTA ENTERTAINMENT FINANCE CO INC              | FERTITTA ENTERTAINMENT LLC / FERTITTA ENTERTAINMENT FINANCE CO INC 4.625% 01/15/2029 144A       | CUSIP: 31556TAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $66900.90     | 0.12%             | 2029-01-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT LLC / FERTITTA ENTERTAINMENT FINANCE CO INC              | FERTITTA ENTERTAINMENT LLC / FERTITTA ENTERTAINMENT FINANCE CO INC 6.75% 01/15/2030 144A        | CUSIP: 31556TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $28021.57     | 0.05%             | 2030-01-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CHS/CMNTY HEALTH SYSTEMS INC                                                    | CHS/CMNTY HEALTH SYSTEMS INC 5.25% 05/15/2030 144A                                              | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    165000 | PA      | $155509.59    | 0.28%             | 2030-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ERO COPPER CORP                                                                 | ERO COPPER CORP 6.5% 02/15/2030 144A                                                            | CUSIP: 296006AA7<br>LEI: 549300KL8A21SEIO8I47 | Long             | DBT              | CORP              | CA        |     70000 | PA      | $69292.30     | 0.12%             | 2030-02-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| TRANSCANADA TRUST                                                               | TRANSCANADA TRUST 5.6%/VAR 03/07/2082                                                           | CUSIP: 89356BAG3<br>LEI: 549300Y0MFCAXLBWUV51 | Long             | DBT              | CORP              | CA        |     55000 | PA      | $53921.88     | 0.10%             | 2082-03-07      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I LP/FIN CO                                                      | HILCORP ENERGY I LP/FIN CO 6.25% 04/15/2032 144A                                                | CUSIP: 431318AZ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $67748.00     | 0.12%             | 2032-04-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                                                           | MINERAL RESOURCES LTD 8% 11/01/2027 144A                                                        | CUSIP: 603051AC7<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    125000 | PA      | $126596.15    | 0.22%             | 2027-11-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS HOLDINGS LLC                                            | FRONTIER COMMUNICATIONS HOLDINGS LLC 8.75% 05/15/2030 144A                                      | CUSIP: 35908MAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $66695.59     | 0.12%             | 2030-05-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC                                                    | UNIVISION COMMUNICATIONS INC 7.375% 06/30/2030 144A                                             | CUSIP: 914906AX0<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    200000 | PA      | $195983.96    | 0.35%             | 2030-06-30      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CYTOKINETICS INC                                                                | CYTOKINETICS INC CONV 3.5% 07/01/2027                                                           | CUSIP: 23282WAC4<br>LEI: 549300BE5DY1HW7IHA64 | Long             | DBT              | CORP              | US        |     17000 | PA      | $24841.25     | 0.04%             | 2027-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| Fidelity Private Credit Fund                                                    | Fidelity Private Credit Fund Class I                                                            | CUSIP: 31634E306<br>LEI: N/A                  | Long             | EC               | RF                | US        |   1018885 | NS      | $25396021.85  | 44.91%            |  |  |  | No            |                  2 | On Loan: No      |
| LIBERTY MEDIA CORP-LIBERTY FORMULA ONE                                          | LIBERTY MEDIA CORP LIBERTY FORMULA ONE CONV 2.25% 08/15/2027                                    | CUSIP: 531229AQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $74977.50     | 0.13%             | 2027-08-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| ALNYLAM PHARMACEUTICALS INC                                                     | ALNYLAM PHARMACEUTICALS INC CONV 1% 09/15/2027                                                  | CUSIP: 02043QAB3<br>LEI: 529900S3ZI14OWRJII50 | Long             | DBT              | CORP              | US        |     32000 | PA      | $41008.00     | 0.07%             | 2027-09-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP INC                                                        | CLOUD SOFTWARE GROUP INC 6.5% 03/31/2029 144A                                                   | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    145000 | PA      | $141457.69    | 0.25%             | 2029-03-31      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| SEMTECH CORP                                                                    | SEMTECH CORP CONV 1.625% 11/01/2027                                                             | CUSIP: 816850AF8<br>LEI: 549300J7WUY317SW6O61 | Long             | DBT              | CORP              | US        |      7000 | PA      | $14749.00     | 0.03%             | 2027-11-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| NORTHERN OIL AND GAS INC                                                        | NORTHERN OIL AND GAS INC CONV 3.625% 04/15/2029                                                 | CUSIP: 665531AJ8<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |     18000 | PA      | $19738.69     | 0.03%             | 2029-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| DISH NETWORK CORP                                                               | DISH NETWORK CORP 11.75% 11/15/2027 144A                                                        | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103024.50    | 0.18%             | 2027-11-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                                                            | NEPTUNE BIDCO US INC 9.29% 04/15/2029 144A                                                      | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55068.75     | 0.10%             | 2029-04-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORPORATION                                                           | OPEN TEXT CORPORATION 6.9% 12/01/2027 144A                                                      | CUSIP: 683715AF3<br>LEI: 549300UQROQS42RKHM85 | Long             | DBT              | CORP              | CA        |     60000 | PA      | $61582.74     | 0.11%             | 2027-12-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                                                            | CHART INDUSTRIES INC 7.5% 01/01/2030 144A                                                       | CUSIP: 16115QAF7<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25972.68     | 0.05%             | 2030-01-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INTERNATIONAL LTD                                                    | TRANSOCEAN INTERNATIONAL LTD 8.75% 02/15/2030 144A                                              | CUSIP: 893830BX6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |     45500 | PA      | $47328.78     | 0.08%             | 2030-02-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT INC                                                       | CAESARS ENTERTAINMENT INC 7% 02/15/2030 144A                                                    | CUSIP: 12769GAB6<br>LEI: 5299000BKFWWVND5L441 | Long             | DBT              | CORP              | US        |    110000 | PA      | $111358.50    | 0.20%             | 2030-02-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                   | TRANSDIGM INC 6.75% 08/15/2028 144A                                                             | CUSIP: 893647BR7<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    135000 | PA      | $136518.75    | 0.24%             | 2028-08-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| RIVIAN AUTOMOTIVE INC                                                           | RIVIAN AUTOMOTIVE INC CONV 4.625% 03/15/2029                                                    | CUSIP: 76954AAB9<br>LEI: 25490004LNKJ84MFYY24 | Long             | DBT              | CORP              | US        |     95000 | PA      | $101650.00    | 0.18%             | 2029-03-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FRESHPET INC                                                                    | FRESHPET INC CONV 3% 04/01/2028                                                                 | CUSIP: 358039AB1<br>LEI: 549300S4ZK8ZQ6HNPN59 | Long             | DBT              | CORP              | US        |     23000 | PA      | $26413.20     | 0.05%             | 2028-04-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP INC                                                        | CLOUD SOFTWARE GROUP INC 9% 09/30/2029 144A                                                     | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |     60000 | PA      | $57880.42     | 0.10%             | 2029-09-30      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC                                                             | CHURCHILL DOWNS INC 6.75% 05/01/2031 144A                                                       | CUSIP: 171484AJ7<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61128.06     | 0.11%             | 2031-05-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                                                                | WELLTOWER OP LLC CONV 2.75% 05/15/2028 144A                                                     | CUSIP: 95041AAB4<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              | CORP              | US        |     28000 | PA      | $58072.00     | 0.10%             | 2028-05-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                                                       | BALL CORP 6% 06/15/2029                                                                         | CUSIP: 058498AZ9<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    185000 | PA      | $187644.16    | 0.33%             | 2029-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| NORTHERN OIL AND GAS INC                                                        | NORTHERN OIL AND GAS INC 8.75% 06/15/2031 144A                                                  | CUSIP: 665530AB7<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |     70000 | PA      | $72789.15     | 0.13%             | 2031-06-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| VEECO INSTRUMENTS INC                                                           | VEECO INSTRUMENTS INC CONV 2.875% 06/01/2029                                                    | CUSIP: 922417AJ9<br>LEI: 5493004201F72ADDZW04 | Long             | DBT              | CORP              | US        |     14000 | PA      | $19405.59     | 0.03%             | 2029-06-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS LTD                                                      | FIRST QUANTUM MINERALS LTD 8.625% 06/01/2031 144A                                               | CUSIP: 335934AU9<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |     75000 | PA      | $77343.75     | 0.14%             | 2031-06-01      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                          | VENTURE GLOBAL LNG INC 8.375% 06/01/2031 144A                                                   | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51998.77     | 0.09%             | 2031-06-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                                                | GGAM FINANCE LTD 8% 06/15/2028 144A                                                             | CUSIP: 36170JAA4<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |     25000 | PA      | $25946.43     | 0.05%             | 2028-06-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| VENTAS RLTY LTD PARTNERSHIP                                                     | VENTAS RLTY LTD PARTNERSHIP CONV 3.75% 06/01/2026                                               | CUSIP: 92277GAZ0<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              | CORP              | US        |     64000 | PA      | $95161.60     | 0.17%             | 2026-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                                                    | SM ENERGY CO 8.75% 07/01/2031 144A                                                              | CUSIP: 17888HAB9<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |     55000 | PA      | $57491.06     | 0.10%             | 2031-07-01      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| SEADRILL FINANCE LTD                                                            | SEADRILL FINANCE LTD 8.375% 08/01/2030 144A                                                     | CUSIP: 81172QAA2<br>LEI: 213800WMN3OHFUDHD642 | Long             | DBT              | CORP              | BM        |     50000 | PA      | $51708.16     | 0.09%             | 2030-08-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| ONTARIO GAMING GTA LP/OTG CO-ISSUER INC                                         | ONTARIO GAMING GTA LP/OTG CO-ISSUER INC 8% 08/01/2030 144A                                      | CUSIP: 68306MAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     40000 | PA      | $38336.41     | 0.07%             | 2030-08-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS II LLC                                                 | LCM INVESTMENTS HOLDINGS II LLC 8.25% 08/01/2031 144A                                           | CUSIP: 50190EAC8<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25968.63     | 0.05%             | 2031-08-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| BRAND INDUSTRIAL SERVICES INC                                                   | BRAND INDUSTRIAL SERVICES INC 10.375% 08/01/2030 144A                                           | CUSIP: 104931AA8<br>LEI: 549300B658W2BPDQMW42 | Long             | DBT              | CORP              | US        |     50000 | PA      | $45695.64     | 0.08%             | 2030-08-01      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| FLUOR CORP NEW                                                                  | FLUOR CORP NEW CONV 1.125% 08/15/2029                                                           | CUSIP: 343412AJ1<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | DBT              | CORP              | US        |     11000 | PA      | $13546.50     | 0.02%             | 2029-08-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| APOLLO GLOBAL MANAGEMENT, INC                                                   | APOLLO GLOBAL MANAGEMENT INC SER A PC 6.75% 07/31/2026                                          | CUSIP: 03769M304<br>LEI: 254900LMFT1CY9IYB476 | Long             | EP               | CORP              | US        |       152 | NS      | $8922.19      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| LIGHT and WONDER INTERNATIONAL INC                                              | LIGHT and WONDER INTERNATIONAL INC 7.5% 09/01/2031 144A                                         | CUSIP: 531968AA3<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41052.00     | 0.07%             | 2031-09-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| PBF HLDG CO LLC / PBF FIN CORP                                                  | PBF HLDG CO LLC / PBF FIN CORP 7.875% 09/15/2030 144A                                           | CUSIP: 69318FAL2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $35941.92     | 0.06%             | 2030-09-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| SEAGATE HDD CAYMAN                                                              | SEAGATE HDD CAYMAN CONV 3.5% 06/01/2028                                                         | CUSIP: 81180WBL4<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |     13000 | PA      | $61713.60     | 0.11%             | 2028-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| DIAMOND FOREIGN ASSET CO / DIAMOND FINANCE LLC                                  | DIAMOND FOREIGN ASSET CO / DIAMOND FINANCE LLC 8.5% 10/01/2030 144A                             | CUSIP: 25260WAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     45000 | PA      | $47539.89     | 0.08%             | 2030-10-01      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                                        | VISTRA OPERATIONS CO LLC 7.75% 10/15/2031 144A                                                  | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52374.08     | 0.09%             | 2031-10-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                                                    | ENBRIDGE INC 8.5%/VAR 01/15/2084                                                                | CUSIP: 29250NBT1<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    350000 | PA      | $393776.95    | 0.70%             | 2084-01-15      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                                                           | MINERAL RESOURCES LTD 9.25% 10/01/2028 144A                                                     | CUSIP: 603051AE3<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |     10000 | PA      | $10361.22     | 0.02%             | 2028-10-01      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                          | VENTURE GLOBAL LNG INC 9.5% 02/01/2029 144A                                                     | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     60000 | PA      | $64877.66     | 0.11%             | 2029-02-01      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| WESTERN DIGITAL CORP                                                            | WESTERN DIGITAL CORP CONV 3% 11/15/2028                                                         | CUSIP: 958102AT2<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |      7000 | PA      | $50107.40     | 0.09%             | 2028-11-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                   | TRANSDIGM INC 7.125% 12/01/2031 144A                                                            | CUSIP: 893647BT3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15482.34     | 0.03%             | 2031-12-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                                                           | NABORS INDUSTRIES INC 9.125% 01/31/2030 144A                                                    | CUSIP: 62957HAP0<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41999.64     | 0.07%             | 2030-01-31      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                                                           | UBER TECHNOLOGIES INC CONV 0.875% 12/01/2028                                                    | CUSIP: 90353TAM2<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |     35000 | PA      | $42087.50     | 0.07%             | 2028-12-01      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| PG and E CORP                                                                   | PG and E CORP CONV 4.25% 12/01/2027                                                             | CUSIP: 69331CAL2<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46596.41     | 0.08%             | 2027-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| USI INC                                                                         | USI INC 7.5% 01/15/2032 144A                                                                    | CUSIP: 90346KAB5<br>LEI: 2549006D7UF7072T7I27 | Long             | DBT              | CORP              | US        |     90000 | PA      | $91215.18     | 0.16%             | 2032-01-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                              | ENERGY TRANSFER LP T5Y+NA 05/15/2054                                                            | CUSIP: 29273VAX8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20947.88     | 0.04%             | 2054-05-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| WAND NEWCO 3 INC                                                                | WAND NEWCO 3 INC 7.625% 01/30/2032 144A                                                         | CUSIP: 933940AA6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25562.42     | 0.05%             | 2032-01-30      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| ARTERA SERVICES LLC                                                             | ARTERA SERVICES LLC 8.5% 02/15/2031 144A                                                        | CUSIP: 04302XAA2<br>LEI: 549300J2G34D0WX8Z443 | Long             | DBT              | CORP              | US        |    160000 | PA      | $137005.07    | 0.24%             | 2031-02-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| UKG INC                                                                         | UKG INC 6.875% 02/01/2031 144A                                                                  | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97731.54     | 0.17%             | 2031-02-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO LLC                                                     | ALLIED UNIVERSAL HOLDCO LLC 7.875% 02/15/2031 144A                                              | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103121.50    | 0.18%             | 2031-02-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| APPLIED SYS INC                                                                 | APPLIED SYSTEMS TERM 2LN 02/23/2032                                                             | CUSIP: 03827FBC4<br>LEI: 549300NSKGF0SY5SWQ62 | Long             | LON              | CORP              | US        |      5000 | PA      | $4922.90      | 0.01%             | 2032-02-23      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                   | TRANSDIGM INC 6.375% 03/01/2029 144A                                                            | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    160000 | PA      | $162000.00    | 0.29%             | 2029-03-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SUNRUN INC                                                                      | SUNRUN INC CONV 4% 03/01/2030                                                                   | CUSIP: 86771WAD7<br>LEI: 54930007SJ77CI66U531 | Long             | DBT              | CORP              | US        |     10000 | PA      | $11906.14     | 0.02%             | 2030-03-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PARSONS CORP                                                                    | PARSONS CORP CONV 2.625% 03/01/2029                                                             | CUSIP: 70202LAD4<br>LEI: 549300ZXH0VRBSEPX752 | Long             | DBT              | CORP              | US        |     81000 | PA      | $79704.00     | 0.14%             | 2029-03-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| PROGRESS SOFTWARE CORP                                                          | PROGRESS SOFTWARE CORP CONV 3.5% 03/01/2030                                                     | CUSIP: 743312AD2<br>LEI: 549300R65B3JG6972S24 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8884.00      | 0.02%             | 2030-03-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS INC                                              | CLEAR CHANNEL OUTDOOR HOLDINGS INC 7.875% 04/01/2030 144A                                       | CUSIP: 18453HAF3<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52325.15     | 0.09%             | 2030-04-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE and CO                                                           | JPMORGAN CHASE and CO 6.875%/VAR PERP                                                           | CUSIP: 48128BAQ4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |    135000 | PA      | $140062.50    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE LL                                                      | CRESCENT ENERGY FINANCE LLC 7.875% 04/15/2032 144A                                              | CUSIP: 516806AK2<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35758.00     | 0.06%             | 2032-04-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| MACQUARIE AIRFINANCE HOLDINGS LTD                                               | MACQUARIE AIRFINANCE HOLDINGS LTD 6.5% 03/26/2031 144A                                          | CUSIP: 55609NAD0<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |     30000 | PA      | $31416.54     | 0.06%             | 2031-03-26      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| MACQUARIE AIRFINANCE HOLDINGS LTD                                               | MACQUARIE AIRFINANCE HOLDINGS LTD 6.4% 03/26/2029 144A                                          | CUSIP: 55609NAC2<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $207200.13    | 0.37%             | 2029-03-26      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| PANTHER ESCROW ISSUER LLC                                                       | PANTHER ESCROW ISSUER LLC 7.125% 06/01/2031 144A                                                | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $110369.49    | 0.20%             | 2031-06-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CARDLYTICS INC                                                                  | CARDLYTICS INC CONV 4.25% 04/01/2029                                                            | CUSIP: 14161WAD7<br>LEI: 549300JETJBH94EIPC66 | Long             | DBT              | CORP              | US        |     29000 | PA      | $7930.45      | 0.01%             | 2029-04-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                                                | GGAM FINANCE LTD 6.875% 04/15/2029 144A                                                         | CUSIP: 36170JAD8<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |     30000 | PA      | $30667.35     | 0.05%             | 2029-04-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| BRAND INDUSTRIAL SERVICES INC                                                   | BRANDSAFWAY TERM B 1LN 08/01/2030                                                               | CUSIP: 10524MAS6<br>LEI: 549300B658W2BPDQMW42 | Long             | LON              | CORP              | US        |      4900 | PA      | $4193.57      | 0.01%             | 2030-08-01      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| MODENA BUYER LLC                                                                | EUC TERM 1LN 07/01/2031                                                                         | CUSIP: 60753DAC8<br>LEI: 254900B0G2IU0VBDOY26 | Long             | LON              | CORP              | US        |     98750 | PA      | $88353.60     | 0.16%             | 2031-07-01      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INTERNATIONAL LTD                                                    | TRANSOCEAN INTERNATIONAL LTD 8.5% 05/15/2031 144A                                               | CUSIP: 893830BZ1<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |    100000 | PA      | $104879.80    | 0.19%             | 2031-05-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| VALLOUREC SA                                                                    | VALLOUREC SA 7.5% 04/15/2032 144A                                                               | CUSIP: 92023RAA8<br>LEI: 969500P2Q1B47H4MCJ34 | Long             | DBT              | CORP              | FR        |     95000 | PA      | $99569.31     | 0.18%             | 2032-04-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                                       | SUNOCO LP 7.25% 05/01/2032 144A                                                                 | CUSIP: 86765KAC3<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25866.73     | 0.05%             | 2032-05-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I LP                                                          | HARVEST MIDSTREAM I LP 7.5% 05/15/2032 144A                                                     | CUSIP: 417558AB9<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101927.50    | 0.18%             | 2032-05-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| MERITAGE HOMES CORP                                                             | MERITAGE HOMES CORP CONV 1.75% 05/15/2028                                                       | CUSIP: 59001ABF8<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |     32000 | PA      | $30816.00     | 0.05%             | 2028-05-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| COUGAR JV SUBSIDIARY LLC                                                        | COUGAR JV SUBSIDIARY LLC 8% 05/15/2032 144A                                                     | CUSIP: 22208WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     15000 | PA      | $15510.81     | 0.03%             | 2032-05-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| SNAP INC                                                                        | SNAP INC CONV 0.5% 05/01/2030                                                                   | CUSIP: 83304AAK2<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |     20000 | PA      | $16040.00     | 0.03%             | 2030-05-01      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| MKS INC                                                                         | MKS INC CONV 1.25% 06/01/2030                                                                   | CUSIP: 55306NAB0<br>LEI: 549300KEQATBHAGVF505 | Long             | DBT              | CORP              | US        |     29000 | PA      | $47908.00     | 0.08%             | 2030-06-01      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| INSIGHT ENTERPRISES INC                                                         | INSIGHT ENTERPRISES INC 6.625% 05/15/2032 144A                                                  | CUSIP: 45765UAC7<br>LEI: 529900S8991TYW6YP792 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19303.08     | 0.03%             | 2032-05-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CITY FOOTBALL GROUP LTD                                                         | CITY FOOTBALL GROUP TERM B 1LN 7/18/2030                                                        | CUSIP: 17781XAD8<br>LEI: 213800K6VVWALRH9UJ69 | Long             | LON              | CORP              | GB        |    166389 | PA      | $165764.78    | 0.29%             | 2030-07-18      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BLACKLINE INC                                                                   | BLACKLINE INC CONV 1% 06/01/2029                                                                | CUSIP: 09239BAF6<br>LEI: 529900P9N7PK9LV5EK56 | Long             | DBT              | CORP              | US        |     30000 | PA      | $28155.00     | 0.05%             | 2029-06-01      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                                                             | US LBM TERM B 1LN 3.75% 06/06/2031                                                              | CUSIP: 50179JAH1<br>LEI: 549300FAEB3VWZL4NI86 | Long             | LON              | CORP              | US        |     57007 | PA      | $45456.30     | 0.08%             | 2031-06-06      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| BRINKS CO                                                                       | BRINKS CO 6.5% 06/15/2029 144A                                                                  | CUSIP: 109696AC8<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |    120000 | PA      | $121857.72    | 0.22%             | 2029-06-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE LL                                                      | CRESCENT ENERGY FINANCE LLC 7.375% 01/15/2033 144A                                              | CUSIP: 45344LAE3<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69982.45     | 0.12%             | 2033-01-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| MASTERBRAND INC                                                                 | MASTERBRAND INC 7% 07/15/2032 144A                                                              | CUSIP: 57638PAA2<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19540.77     | 0.03%             | 2032-07-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CPI ACQUISITION INC                                                             | CPI ACQUISITION INC 10% 07/15/2029 144A                                                         | CUSIP: 12598FAC3<br>LEI: 254900H3R50WH1B1LB48 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15830.40     | 0.03%             | 2029-07-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| GEO GROUP INC/THE                                                               | GEO GROUP INC/THE 10.25% 04/15/2031                                                             | CUSIP: 36162JAH9<br>LEI: 5493003VOR6NTY465495 | Long             | DBT              | CORP              | US        |     45000 | PA      | $47940.73     | 0.08%             | 2031-04-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| GEO GROUP INC/THE                                                               | GEO GROUP INC/THE 8.625% 04/15/2029                                                             | CUSIP: 36162JAG1<br>LEI: 5493003VOR6NTY465495 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51926.62     | 0.09%             | 2029-04-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                  | MORGAN STANLEY 6.625% PFD PERP Q                                                                | CUSIP: 61762V838<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |      1300 | NS      | $32669.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| AMENTUM HOLDINGS INC                                                            | AMENTUM HOLDINGS INC 7.25% 08/01/2032 144A                                                      | CUSIP: 02352BAA3<br>LEI: 2549009FJIBLW40CU216 | Long             | DBT              | CORP              | US        |     30000 | PA      | $31044.30     | 0.05%             | 2032-08-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| M2S GROUP INTERMEDIATE HOLDINGS INC                                             | M2S GROUP TERM B 1LN 8/25/2031                                                                  | CUSIP: 55287CAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     82034 | PA      | $79915.53     | 0.14%             | 2031-08-25      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| LIGHTNING POWER LLC                                                             | LIGHTNING POWER LLC 7.25% 08/15/2032 144A                                                       | CUSIP: 53229KAA7<br>LEI: 254900BWCHJ03XRL8K59 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25986.94     | 0.05%             | 2032-08-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                                                      | DAVITA INC 6.875% 09/01/2032 144A                                                               | CUSIP: 23918KAW8<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61465.61     | 0.11%             | 2032-09-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                                                            | FIESTA PURCHASER INC 9.625% 09/15/2032 144A                                                     | CUSIP: 31659AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $76385.33     | 0.14%             | 2032-09-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| PG and E CORP                                                                   | PG and E CORP 7.375%/VAR 03/15/2055                                                             | CUSIP: 69331CAM0<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50238.15     | 0.09%             | 2055-03-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| ALLIANT HLDGS INTERMEDIATE LLC/ALLIANT HLDGS CO-ISSUER                          | ALLIANT HLDGS INTERMEDIATE LLC/ALLIANT HLDGS CO-ISSUER 6.5% 10/01/2031 144A                     | CUSIP: 01883LAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $58916.86     | 0.10%             | 2031-10-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| ALLIANT HLDGS INTERMEDIATE LLC/ALLIANT HLDGS CO-ISSUER                          | ALLIANT HLDGS INTERMEDIATE LLC/ALLIANT HLDGS CO-ISSUER 7.375% 10/01/2032 144A                   | CUSIP: 01883LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    185000 | PA      | $183233.47    | 0.32%             | 2032-10-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                                                | GGAM FINANCE LTD 5.875% 03/15/2030 144A                                                         | CUSIP: 36170JAE6<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |     95000 | PA      | $94652.77     | 0.17%             | 2030-03-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| HAH GROUP HOLDING CO LLC                                                        | HAH GROUP HOLDING CO LLC 9.75% 10/01/2031 144A                                                  | CUSIP: 40518JAA7<br>LEI: 254900FFJQHW9R90FL74 | Long             | DBT              | CORP              | US        |     25000 | PA      | $21901.61     | 0.04%             | 2031-10-01      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| ALTAGAS LTD                                                                     | ALTAGAS LTD 7.2%/VAR 10/15/2054 144A                                                            | CUSIP: 021361AD2<br>LEI: DR5LKEURSR8SXLM64266 | Long             | DBT              | CORP              | CA        |     45000 | PA      | $45628.97     | 0.08%             | 2054-10-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                                                                  | AIR LEASE CORP 6%/VAR PERP                                                                      | CUSIP: 00912XBQ6<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EP               | CORP              | US        |     35000 | PA      | $33710.14     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| WAYFAIR LLC                                                                     | WAYFAIR LLC 7.25% 10/31/2029 144A                                                               | CUSIP: 94419NAA5<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20415.68     | 0.04%             | 2029-10-31      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CERDIA FINANZ GMBH                                                              | CERDIA FINANZ GMBH 9.375% 10/03/2031 144A                                                       | CUSIP: 15679GAC6<br>LEI: 391200KURNDJSX9GX570 | Long             | DBT              | CORP              | DE        |     50000 | PA      | $49526.50     | 0.09%             | 2031-10-03      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| MATIV HOLDINGS INC                                                              | MATIV HOLDINGS INC 8% 10/01/2029 144A                                                           | CUSIP: 808541AC0<br>LEI: 549300Z1FU4IDULG1R21 | Long             | DBT              | CORP              | US        |    130000 | PA      | $121079.61    | 0.21%             | 2029-10-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLDINGS, L.P.                                                          | ALLIANT HOLDINGS LP 10%/ 10.5% PIK PREF PERP                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |     42159 | PA      | $40894.23     | 0.07%             |  |  |  | No            |                  3 | On Loan: No      |
| ORACLE CORP                                                                     | ORACLE CORP 5.5% 09/27/2064                                                                     | CUSIP: 68389XCV5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    190000 | PA      | $145503.97    | 0.26%             | 2064-09-27      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                                                   | ECHOSTAR CORP CPIK VAR 11/30/2030                                                               | CUSIP: 278768AB2<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |     69548 | PA      | $248432.41    | 0.44%             | 2030-11-30      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT INC                                                       | CAESARS ENTERTAINMENT INC 6% 10/15/2032 144A                                                    | CUSIP: 12769GAD2<br>LEI: 5299000BKFWWVND5L441 | Long             | DBT              | CORP              | US        |     55000 | PA      | $50600.49     | 0.09%             | 2032-10-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| PATRICK INDUSTRIES INC                                                          | PATRICK INDUSTRIES INC 6.375% 11/01/2032 144A                                                   | CUSIP: 703343AH6<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39997.44     | 0.07%             | 2032-11-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ARES MANAGEMENT CORP                                                            | ARES MANAGEMENT CORP 6.75% SER B PC                                                             | CUSIP: 03990B309<br>LEI: 529900JUV61FH7B8VW38 | Long             | EP               | CORP              | US        |         2 | NS      | $73.92        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CMG MEDIA CORP                                                                  | COX MEDIA GROUP TERM B2 1LN 06/18/2029                                                          | CUSIP: 88145LAF1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     54446 | PA      | $50852.68     | 0.09%             | 2029-06-18      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                                  | NRG ENERGY INC 6% 02/01/2033 144A                                                               | CUSIP: 629377CW0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    110000 | PA      | $110028.05    | 0.19%             | 2033-02-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                                       | BOEING CO 6% SER A PC                                                                           | CUSIP: 097023204<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EP               | CORP              | US        |      1200 | NS      | $77892.00     | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| CENTRUS ENERGY CORP                                                             | CENTRUS ENERGY CORP CONV 2.25% 11/01/2030                                                       | CUSIP: 15643UAE4<br>LEI: 549300G6VDK9G8276661 | Long             | DBT              | CORP              | US        |      1000 | PA      | $2028.00      | 0.00%             | 2030-11-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| DIGITAL REALTY TRUST LP                                                         | DIGITAL REALTY TRUST LP CONV 1.875% 11/15/2029 144A                                             | CUSIP: 25389JAX4<br>LEI: CD4SPTZ3YBTHY0C1AH38 | Long             | DBT              | CORP              | US        |     43000 | PA      | $45521.10     | 0.08%             | 2029-11-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                                                   | ECHOSTAR CORP PIK VAR 11/30/2030                                                                | CUSIP: 278768AA4<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |    116640 | PA      | $117778.17    | 0.21%             | 2030-11-30      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| UPSTART HOLDINGS INC                                                            | UPSTART HOLDINGS INC CONV 1% 11/15/2030                                                         | CUSIP: 91680MAF4<br>LEI: 549300WNB47JRNENIC75 | Long             | DBT              | CORP              | US        |     11000 | PA      | $7781.16      | 0.01%             | 2030-11-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE CORP                           | ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE CORP 10% 11/15/2029 144A                       | CUSIP: 451102CK1<br>LEI: 549300T0G4GS0SINS786 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9825.00      | 0.02%             | 2029-11-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| SYNAPTICS INC                                                                   | SYNAPTICS INC CONV 0.75% 12/01/2031                                                             | CUSIP: 87157DAJ8<br>LEI: 549300AJ3LI4FWNRQX29 | Long             | DBT              | CORP              | US        |     24000 | PA      | $24792.00     | 0.04%             | 2031-12-01      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| MARA HOLDINGS INC                                                               | MARA HOLDINGS INC CONV 0% 03/01/2030                                                            | CUSIP: 565788AF3<br>LEI: 549300M8ISKPTX2W7F94 | Long             | DBT              | CORP              | US        |    160000 | PA      | $141120.00    | 0.25%             | 2030-03-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| KODIAK BP LLC                                                                   | KODIAK TERM B 1LN 12/4/2031                                                                     | CUSIP: 50011JAF7<br>LEI: 549300Y1Q6ZUH0EXO182 | Long             | LON              | CORP              | US        |      4533 | PA      | $4530.80      | 0.01%             | 2031-12-04      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| PG and E CORP                                                                   | PG and E CORP SER A PC 6% 12/01/2027                                                            | CUSIP: 69331C306<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EP               | CORP              | US        |       800 | NS      | $34520.80     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| BILL HOLDINGS INC                                                               | BILL HOLDINGS INC CONV 0% 04/01/2030                                                            | CUSIP: 090043AF7<br>LEI: 549300IBF9VZZIGOZW63 | Long             | DBT              | CORP              | US        |     35000 | PA      | $31080.00     | 0.05%             | 2030-04-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMENT INC                                                   | LIVE NATION ENTERTAINMENT INC CONV 2.875% 01/15/2030                                            | CUSIP: 538034BC2<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |     50000 | PA      | $53875.00     | 0.10%             | 2030-01-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| RIOT PLATFORMS INC                                                              | RIOT PLATFORMS INC CONV 0.75% 01/15/2030                                                        | CUSIP: 767292AB1<br>LEI: 5299005LKZAJQDQZDF73 | Long             | DBT              | CORP              | US        |     28000 | PA      | $32130.00     | 0.06%             | 2030-01-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| DATADOG INC                                                                     | DATADOG INC CONV 0% 12/01/2029                                                                  | CUSIP: 23804LAD5<br>LEI: 549300F6JNO0KRPO1K63 | Long             | DBT              | CORP              | US        |     85000 | PA      | $82152.50     | 0.15%             | 2029-12-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC                                         | MACOM TECHNOLOGY SOLN HLDS INC CONV 0% 12/15/2029                                               | CUSIP: 55405YAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     22000 | PA      | $32043.00     | 0.06%             | 2029-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                                            | LIFEPOINT HEALTH INC 8.375% 02/15/2032 144A                                                     | CUSIP: 53219LAY5<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |     50000 | PA      | $53396.10     | 0.09%             | 2032-02-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| GREAT OUTDOORS GROUP LLC                                                        | BASS PRO TERM B 1LN 01/23/2032                                                                  | CUSIP: 07014QAP6<br>LEI: 549300IYLDI2E8I2AU46 | Long             | LON              | CORP              | US        |    193692 | PA      | $193110.48    | 0.34%             | 2032-01-23      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)                                                   | GOLDMAN SACHS GROUP INC (THE) 6.85%/VAR PERP                                                    | CUSIP: 38141GC28<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |     60000 | PA      | $61158.78     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| NEXUS BUYER LLC                                                                 | INTRAFI TERM B 1LN 07/31/2031                                                                   | CUSIP: 65343UAH5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    108902 | PA      | $104496.98    | 0.18%             | 2031-07-31      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| STRATEGY INC                                                                    | STRATEGY INC 8% PC PERP                                                                         | CUSIP: 594972887<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EP               | CORP              | US        |       300 | NS      | $21321.00     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE and CO                                                           | JPMORGAN CHASE and CO 6.5%/VAR PERP                                                             | CUSIP: 48128AAJ2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |    405000 | PA      | $415584.68    | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSHIP LP / MPT FIN CORP                                          | MPT OPER PARTNERSHIP LP/CORP 8.5% 02/15/2032 144A                                               | CUSIP: 55342UAQ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $30414.36     | 0.05%             | 2032-02-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                                                           | FREEDOM MORTGAGE HOLD 8.375% 04/01/2032 144A                                                    | CUSIP: 35641AAC2<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49184.72     | 0.09%             | 2032-04-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| OT MIDCO INC                                                                    | OT MIDCO INC 10% 02/15/2030 144A                                                                | CUSIP: 68877AAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $8257.44      | 0.01%             | 2030-02-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                   | CITIGROUP INC 6.95%/VAR PERP                                                                    | CUSIP: 17327CAV5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |    115000 | PA      | $115854.00    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| C and W SENIOR FINANCE LTD                                                      | C and W SENIOR FINANCE LTD 9% 01/15/2033 144A                                                   | CUSIP: 12665MAA0<br>LEI: 213800CG16G1YMJRCG10 | Long             | DBT              | CORP              | KY        |     60000 | PA      | $60075.00     | 0.11%             | 2033-01-15      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS LLC / SAFEWAY INC / NEW ALBERTSONS INC / ALBERTSONS LLC          | ALBERTSONS COS LLC / SAFEWAY INC / NEW ALBERTSONS INC / ALBERTSONS LLC 6.25% 03/15/2033 144A    | CUSIP: 01309QAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $25167.63     | 0.04%             | 2033-03-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| UNITY SOFTWARE INC                                                              | UNITY SOFTWARE INC CONV 0% 03/15/2030                                                           | CUSIP: 91332UAH4<br>LEI: 549300D1ESJMGNQNG432 | Long             | DBT              | CORP              | US        |      8000 | PA      | $7964.80      | 0.01%             | 2030-03-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CHEESECAKE FACTORY (THE)                                                        | CHEESECAKE FACTORY INC CONV 2% 03/15/2030                                                       | CUSIP: 163072AC5<br>LEI: 529900872XMLK10SY247 | Long             | DBT              | CORP              | US        |     27000 | PA      | $27445.50     | 0.05%             | 2030-03-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| NEW FORTRESS ENERGY INC                                                         | NEW FORTRESS ENERGY TERM B 1LN 10/30/2028                                                       | CUSIP: N/A<br>LEI: 254900EICTYTCHA5X705       | Long             | LON              | CORP              | US        |    184225 | PA      | $102489.68    | 0.18%             | 2028-10-30      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| KKR and CO INC                                                                  | KKR and CO INC SER D 6.25% PC                                                                   | CUSIP: 48251W500<br>LEI: 54930013V5I303TF9571 | Long             | EP               | CORP              | US        |       200 | NS      | $8022.00      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CELANESE US HLDGS LLC                                                           | CELANESE US HLDGS LLC 6.5% 04/15/2030                                                           | CUSIP: 15089QAZ7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51017.75     | 0.09%             | 2030-04-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                                                             | AXON ENTERPRISE INC 6.125% 03/15/2030 144A                                                      | CUSIP: 05464CAC5<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50827.30     | 0.09%             | 2030-03-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                                                             | AXON ENTERPRISE INC 6.25% 03/15/2033 144A                                                       | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30622.38     | 0.05%             | 2033-03-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| LCI INDS INC                                                                    | LCI INDS INC CONV 3% 03/01/2030                                                                 | CUSIP: 501812AD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $42052.50     | 0.07%             | 2030-03-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| PBF HLDG CO LLC / PBF FIN CORP                                                  | PBF HLDG CO LLC / PBF FIN CORP 9.875% 03/15/2030 144A                                           | CUSIP: 69318FAM0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $58957.75     | 0.10%             | 2030-03-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| STRATEGY INC                                                                    | STRATEGY INC SER A 10% PERP PFD                                                                 | CUSIP: 594972879<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EP               | CORP              | US        |      6527 | NS      | $624960.25    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| 1261229 BC LTD                                                                  | 1261229 BC LTD 10% 04/15/2032 144A                                                              | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    143000 | PA      | $146409.69    | 0.26%             | 2032-04-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                                                        | MICROCHIP TECHNOLOGY INC SER A 7.5% PC 03/15/2028                                               | CUSIP: 595017302<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EP               | CORP              | US        |       200 | NS      | $11394.00     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                                       | SUNOCO LP 6.25% 07/01/2033 144A                                                                 | CUSIP: 86765KAD1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35152.50     | 0.06%             | 2033-07-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| 1261229 BC LTD                                                                  | BAUSCH HEALTH TERM B 1LN 10/08/2030                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | CA        |     99250 | PA      | $95638.29     | 0.17%             | 2030-10-08      | Variable      | 0.10%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUEMINES LNG LLC                                              | VENTURE GLOBAL PLAQUEMINES LNG LLC 7.5% 05/01/2033 144A                                         | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     65000 | PA      | $71448.26     | 0.13%             | 2033-05-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUEMINES LNG LLC                                              | VENTURE GLOBAL PLAQUEMINES LNG LLC 7.75% 05/01/2035 144A                                        | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     65000 | PA      | $72850.57     | 0.13%             | 2035-05-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                                                              | VOYAGER PARENT LLC 9.25% 07/01/2032 144A                                                        | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |     80000 | PA      | $83057.12     | 0.15%             | 2032-07-01      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                               | NEWELL BRANDS INC 8.5% 06/01/2028 144A                                                          | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     80000 | PA      | $82576.00     | 0.15%             | 2028-06-01      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                                                           | UBER TECHNOLOGIES INC CONV 0% 05/15/2028 144A                                                   | CUSIP: 90353TAR1<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |     75000 | PA      | $73376.25     | 0.13%             | 2028-05-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC                                                                   | COREWEAVE INC 9.25% 06/01/2030 144A                                                             | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48582.97     | 0.09%             | 2030-06-01      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                                                  | SABRE GLBL INC 11.125% 07/15/2030 144A                                                          | CUSIP: 78573NAM4<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |    100000 | PA      | $84876.00     | 0.15%             | 2030-07-15      | Fixed         | 0.11%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP                                                      | CAPITAL ONE FINANCIAL CORP 5.5%/VAR PERP                                                        | CUSIP: 14040HDK8<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EP               | CORP              | US        |    105000 | PA      | $104102.45    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| AHLSTROM HOLDING 3 OY                                                           | AHLSTROM TERM B 1LN 5/23/2030                                                                   | CUSIP: 78475BAB3<br>LEI: 743700UEY0YM039XN974 | Long             | LON              | CORP              | FI        |     49750 | PA      | $49180.17     | 0.09%             | 2030-05-23      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| QXO INC                                                                         | QXO INC 5.5% SER B PC                                                                           | CUSIP: 82846H504<br>LEI: N/A                  | Long             | EP               | CORP              | US        |       400 | NS      | $22236.00     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| DOORDASH INC                                                                    | DOORDASH INC CONV 0% 05/15/2030 144A                                                            | CUSIP: 25809KAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     98000 | PA      | $89278.00     | 0.16%             | 2030-05-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW FLYER HOLDINGS INC                                                          | NEW FLYER HOLDINGS INC 9.25% 07/01/2030 144A                                                    | CUSIP: 64438WAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     15000 | PA      | $16032.61     | 0.03%             | 2030-07-01      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / ACRISURE FINANCE INC                                             | ACRISURE LLC / ACRISURE FINANCE INC 6.75% 07/01/2032 144A                                       | CUSIP: 004961AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $130089.12    | 0.23%             | 2032-07-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CRACKER BARREL OLD COUNTRY STORE INC                                            | CRACKER BARREL OLD CTRY ST INC CONV 1.75% 09/15/2030 144A                                       | CUSIP: 22410JAC0<br>LEI: 8P4PHQIUWPIECBFBW745 | Long             | DBT              | CORP              | US        |    142000 | PA      | $111115.00    | 0.20%             | 2030-09-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| RUBRIK INC                                                                      | RUBRIK INC CONV 0% 06/15/2030 144A                                                              | CUSIP: 781154AC3<br>LEI: 254900TRGK2WTBYMYU27 | Long             | DBT              | CORP              | US        |     59000 | PA      | $50769.50     | 0.09%             | 2030-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ETSY INC                                                                        | ETSY INC CONV 1% 06/15/2030 144A                                                                | CUSIP: 29786AAP1<br>LEI: 54930089Q7XT501AEA40 | Long             | DBT              | CORP              | US        |     32000 | PA      | $30880.00     | 0.05%             | 2030-06-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| CLOUDFLARE INC                                                                  | CLOUDFLARE INC CONV 0% 06/15/2030 144A                                                          | CUSIP: 18915MAE7<br>LEI: 5493007DY18BGNLDWU14 | Long             | DBT              | CORP              | US        |     42000 | PA      | $47617.66     | 0.08%             | 2030-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| GAMESTOP CORP NEW                                                               | GAMESTOP CORP NEW CONV 0% 06/15/2032 144A                                                       | CUSIP: 36467WAF6<br>LEI: 549300505KLOET039L77 | Long             | DBT              | CORP              | US        |     80000 | PA      | $82520.00     | 0.15%             | 2032-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NORTHERN OIL AND GAS INC                                                        | NORTHERN OIL AND GAS INC CONV 3.625% 04/15/2029 144A                                            | CUSIP: 665531AK5<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |      9000 | PA      | $9869.34      | 0.02%             | 2029-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MAKEMYTRIP LIMITED                                                              | MAKEMYTRIP LIMITED CONV 0% 07/01/2030 144A                                                      | CUSIP: 56087FAC8<br>LEI: 529900DNT8HNJ7RYUO60 | Long             | DBT              | CORP              | MU        |     33000 | PA      | $27786.00     | 0.05%             | 2030-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| BCPE FLAVOR DEBT MERGER SUB LLC AND BCPE FLAVOR ISSUER INC                      | BCPE FLAVOR DEBT MERGER SUB LLC AND BCPE FLAVOR ISSUER INC 9.5% 07/01/2032 144A                 | CUSIP: 072933AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $63477.18     | 0.11%             | 2032-07-01      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| CROWN FINANCE US INC                                                            | REGAL CINEWORLD TERM B 1LN 12/02/2031                                                           | CUSIP: 22834KAV3<br>LEI: 254900ABTWPQTCKKR839 | Long             | LON              | CORP              | US        |    123753 | PA      | $122341.10    | 0.22%             | 2031-12-02      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| GOLAR LNG LTD                                                                   | GOLAR LNG LTD CONV 2.75% 12/15/2030 144A                                                        | CUSIP: 38046YAC5<br>LEI: 213800C2VSFZG3EZLO34 | Long             | DBT              | CORP              | BM        |     30000 | PA      | $35655.00     | 0.06%             | 2030-12-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                                        | WARNERMEDIA HOLDINGS INC 5.05% 03/15/2042                                                       | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     90000 | PA      | $59576.40     | 0.11%             | 2042-03-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AEROVIRONMENT INC                                                               | AEROVIRONMENT INC CONV 0% 07/15/2030                                                            | CUSIP: 008073AA6<br>LEI: 529900PGHVI29YLZ6221 | Long             | DBT              | CORP              | US        |      8000 | PA      | $7828.00      | 0.01%             | 2030-07-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STORAGE TECHNOLOGY PTE LTD                                         | SEAGATE DATA STORAGE TECHNOLOGY PTE LTD 8.25% 12/15/2029 144A                                   | CUSIP: 81180LAM7<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |     40000 | PA      | $42007.52     | 0.07%             | 2029-12-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| GRAY TELEVISION INC                                                             | GRAY TELEVISION INC 9.625% 07/15/2032 144A                                                      | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14999.05     | 0.03%             | 2032-07-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| KNOWBE4 INC                                                                     | KNOWBE4 TERM 1LN 07/26/2032                                                                     | CUSIP: 49925TAD7<br>LEI: 64883ZJ0RS5039H4PN24 | Long             | LON              | CORP              | US        |      4988 | PA      | $4430.55      | 0.01%             | 2032-07-26      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| SOUTH BOW CANADIAN INFRASTRUCTURE HOLDINGS LTD                                  | SOUTH BOW CANADIAN INFRASTRUCTURE HOLDINGS LTD 7.625%/VAR 03/01/2055                            | CUSIP: 836720AG7<br>LEI: 2549004FYUSYLPBT1G26 | Long             | DBT              | CORP              | CA        |    125000 | PA      | $128696.25    | 0.23%             | 2055-03-01      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC                                                                   | COREWEAVE INC 9% 02/01/2031 144A                                                                | CUSIP: 21873SAC2<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |     35000 | PA      | $33303.16     | 0.06%             | 2031-02-01      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                                                     | BANK OF AMERICA CORPORATION 6.25%/VAR PERP                                                      | CUSIP: 06055HAK9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |    275000 | PA      | $276656.33    | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HOLDINGS INC                                              | CLEAR CHANNEL OUTDOOR HOLDINGS INC 7.125% 02/15/2031 144A                                       | CUSIP: 18453HAG1<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     60000 | PA      | $62861.72     | 0.11%             | 2031-02-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| STRATEGY INC                                                                    | STRATEGY INC STEP PERP PFD                                                                      | CUSIP: 594972853<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EP               | CORP              | US        |      3188 | NS      | $318784.06    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| MARA HOLDINGS INC                                                               | MARA HOLDINGS INC CONV 0% 08/01/2032 144A                                                       | CUSIP: 565788AJ5<br>LEI: 549300M8ISKPTX2W7F94 | Long             | DBT              | CORP              | US        |     21000 | PA      | $14794.50     | 0.03%             | 2032-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| C and S WHOLESALE GROCERS INC                                                   | C and S WHOLESALE GROCERS TERM B 1LN 9/20/2030                                                  | CUSIP: 12676AAB1<br>LEI: 54930093F8X1FEZBGJ91 | Long             | LON              | CORP              | US        |     34825 | PA      | $33983.28     | 0.06%             | 2030-09-20      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| EW SCRIPPS CO                                                                   | EW SCRIPPS CO 9.875% 08/15/2030 144A                                                            | CUSIP: 811054AH8<br>LEI: 549300U1OW41QPKYW028 | Long             | DBT              | CORP              | US        |     75000 | PA      | $72807.97     | 0.13%             | 2030-08-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                                                             | LBM ACQUISITION LLC 9.5% 06/15/2031 144A                                                        | CUSIP: 52109SAB5<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |     95000 | PA      | $82692.43     | 0.15%             | 2031-06-15      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                                             | DOMINION ENERGY INC 6%/VAR 02/15/2056                                                           | CUSIP: 25746UDZ9<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    148000 | PA      | $147056.78    | 0.26%             | 2056-02-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| PITNEY-BOWES INC                                                                | PITNEY-BOWES INC CONV 1.5% 08/15/2030 144A                                                      | CUSIP: 724479AR1<br>LEI: 549300N2O26NW4ST6W55 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20110.00     | 0.04%             | 2030-08-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| SAKS GLOBAL ENTERPRISES LLC                                                     | SAKS GLOBAL ENTERPRISES LLC 11% 12/15/2029 144A                                                 | CUSIP: 79380MAB1<br>LEI: 5493007HQSJGRH78Q684 | Long             | DBT              | CORP              | US        |     17880 | PA      | $290.55       | 0.00%             | 2029-12-15      | Fixed         | 0.11%                 | No            |                  2 | On Loan: No      |
| LIGAND PHARMACEUTICALS INC                                                      | LIGAND PHARMACEUTICALS INC CONV 0.75% 10/01/2030 144A                                           | CUSIP: 53220KAG3<br>LEI: 5493008K7TB0IKP37H79 | Long             | DBT              | CORP              | US        |     21000 | PA      | $25399.50     | 0.04%             | 2030-10-01      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| DIGITALOCEAN HOLDINGS INC                                                       | DIGITALOCEAN HOLDINGS INC CONV 0% 08/15/2030 144A                                               | CUSIP: 25402DAC6<br>LEI: 549300EPISPY3RE3DL21 | Long             | DBT              | CORP              | US        |     49000 | PA      | $112185.50    | 0.20%             | 2030-08-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| WISDOMTREE INC                                                                  | WISDOMTREE INC CONV 4.625% 08/15/2030 144A                                                      | CUSIP: 97717PAJ3<br>LEI: 549300WIU8IS7UFO7871 | Long             | DBT              | CORP              | US        |     20000 | PA      | $21740.00     | 0.04%             | 2030-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TERAWULF INC                                                                    | TERAWULF INC CONV 1% 09/01/2031 144A                                                            | CUSIP: 88080TAC8<br>LEI: 254900CVMW1SX2T78A64 | Long             | DBT              | CORP              | US        |     11000 | PA      | $15224.00     | 0.03%             | 2031-09-01      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                                                        | EQT CORP 4.5% 01/15/2029                                                                        | CUSIP: 26884LAX7<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |     41000 | PA      | $40904.11     | 0.07%             | 2029-01-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| LYFT INC                                                                        | LYFT INC CONV 0% 09/15/2030 144A                                                                | CUSIP: 55087PAE4<br>LEI: 549300H7I5VN334XVZ52 | Long             | DBT              | CORP              | US        |     30000 | PA      | $28212.72     | 0.05%             | 2030-09-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| BRUKER CORP                                                                     | BRUKER CORP SER A PC                                                                            | CUSIP: 116794207<br>LEI: LEBZ6VLQ6I8XB1NHVY15 | Long             | EP               | CORP              | US        |       100 | NS      | $28829.00     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| LUMENTUM HOLDINGS INC                                                           | LUMENTUM HLDGS INC CONV 0.375% 03/15/2032 144A                                                  | CUSIP: 55024UAJ8<br>LEI: 549300JLWRRC38DWEF52 | Long             | DBT              | CORP              | US        |     11000 | PA      | $42344.79     | 0.07%             | 2032-03-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| BANK NEW YORK MELLON CORP                                                       | BANK NEW YORK MELLON CORP 5.95%/VAR PERP                                                        | CUSIP: 064058AR1<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EP               | CORP              | US        |     95000 | PA      | $95022.99     | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                                       | SUNOCO LP 7.875%/VAR PERP 144A                                                                  | CUSIP: 86765KAE9<br>LEI: 54930001NJU8E40NQ561 | Long             | EP               | CORP              | US        |    325000 | PA      | $331833.45    | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| NCL CORP LTD                                                                    | NCL CORP LTD CONV 0.75% 09/15/2030 144A                                                         | CUSIP: 62886HBW0<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |     69000 | PA      | $64013.35     | 0.11%             | 2030-09-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| AVALARA INC                                                                     | AVALARA TERM B 1LN 03/29/2032                                                                   | CUSIP: 05338KAD9<br>LEI: 549300Q16CMW239SS315 | Long             | LON              | CORP              | US        |     49750 | PA      | $48550.83     | 0.09%             | 2032-03-29      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| OSCAR HEALTH INC                                                                | OSCAR HEALTH INC CONV 2.25% 09/01/2030 144A                                                     | CUSIP: 687793AD1<br>LEI: 254900AE8KDLFDOPKZ19 | Long             | DBT              | CORP              | US        |     30000 | PA      | $27057.00     | 0.05%             | 2030-09-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| CYTOKINETICS INC                                                                | CYTOKINETICS INC CONV 1.75% 10/01/2031 144A                                                     | CUSIP: 23282WAD2<br>LEI: 549300BE5DY1HW7IHA64 | Long             | DBT              | CORP              | US        |     23000 | PA      | $29310.63     | 0.05%             | 2031-10-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| MIRION TECHNOLOGIES INC                                                         | MIRION TECHNOLOGIES INC CONV 0% 10/01/2031 144A                                                 | CUSIP: 60471AAC5<br>LEI: 549300BNTOWVWFNVTJ65 | Long             | DBT              | CORP              | US        |     30000 | PA      | $28425.00     | 0.05%             | 2031-10-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CIPHER DIGITAL INC                                                              | CIPHER DIGITAL INC CONV 0% 10/01/2031 144A                                                      | CUSIP: 17253JAB2<br>LEI: 254900QABG5HCQZ28A17 | Long             | DBT              | CORP              | US        |      3000 | PA      | $3344.05      | 0.01%             | 2031-10-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ZAYO GROUP HLDGS INC                                                            | ZAYO GROUP HLDGS INC PIK VAR 03/09/2030 144A                                                    | CUSIP: 98919VAC9<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |     32684 | PA      | $32492.47     | 0.06%             | 2030-03-09      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| WOLFSPEED INC/DE                                                                | WOLFSPEED INC/DE PIK VAR 06/15/2031                                                             | CUSIP: 977852AS1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5972 | PA      | $4732.81      | 0.01%             | 2031-06-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| WOLFSPEED INC/DE                                                                | WOLFSPEED INC/DE CONV 2.5% 06/15/2031                                                           | CUSIP: 977852AP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      4000 | PA      | $5705.00      | 0.01%             | 2031-06-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| WOLFSPEED INC/DE                                                                | WOLFSPEED INC/DE PIK VAR 06/23/2030 144A                                                        | CUSIP: 977852AK8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      6492 | PA      | $7082.73      | 0.01%             | 2030-06-23      | Variable      | 0.10%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                                | ALTICE FRANCE SA 6.5% 04/15/2032 144A                                                           | CUSIP: 02090DAD0<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |     45732 | PA      | $43218.76     | 0.08%             | 2032-04-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                                | ALTICE FRANCE SA 6.875% 10/15/2030 144A                                                         | CUSIP: 02090DAB4<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |      3811 | PA      | $3645.38      | 0.01%             | 2030-10-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                                | ALTICE FRANCE SA 6.875% 07/15/2032 144A                                                         | CUSIP: 02090DAE8<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    133384 | PA      | $126385.14    | 0.22%             | 2032-07-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                                | ALTICE FRANCE SA 9.5% 11/01/2029 144A                                                           | CUSIP: 02090DAA6<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    110518 | PA      | $111652.91    | 0.20%             | 2029-11-01      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| WOLFSPEED INC/DE                                                                | WOLFSPEED INC/DE CONV 2.5% 06/15/2031 144A                                                      | CUSIP: 977852AQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $7131.25      | 0.01%             | 2031-06-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE HOLDING SA                                                        | LUXCO 3                                                                                         | CUSIP: N/A<br>LEI: 5299000JVHXKJPOE6H40       | Long             | EC               | CORP              | LU        |      4741 | NS      | $70306.92     | 0.12%             |  |  |  | No            |                  3 | On Loan: No      |
| DAWN BIDCO LLC                                                                  | DAWN BIDCO TERM B 1LN 02/04/2033                                                                | CUSIP: 23923YAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     25000 | PA      | $23618.00     | 0.04%             | 2033-02-04      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| SEMTECH CORP                                                                    | SEMTECH CORP CONV 0% 10/15/2030 144A                                                            | CUSIP: 816850AJ0<br>LEI: 549300J7WUY317SW6O61 | Long             | DBT              | CORP              | US        |     11000 | PA      | $12276.00     | 0.02%             | 2030-10-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ION PLATFORM FINANCE US INC / ION PLATFORM FINANCE SARL                         | ION PLATFORM FINANCE US INC / ION PLATFORM FINANCE SARL 8.75% 05/01/2029 144A                   | CUSIP: 46206AAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $32548.43     | 0.06%             | 2029-05-01      | Fixed         | 0.09%                 | No            |                  2 | On Loan: No      |
| ION PLATFORM FINANCE US INC / ION PLATFORM FINANCE SARL                         | ION PLATFORM FINANCE US INC / ION PLATFORM FINANCE SARL 5.75% 05/15/2028 144A                   | CUSIP: 46206AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $56931.28     | 0.10%             | 2028-05-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| IREN LTD                                                                        | IREN LTD CONV 0% 07/01/2031 144A                                                                | CUSIP: 46270CAE9<br>LEI: 254900FZF02RB3NNGB71 | Long             | DBT              | CORP              | AU        |     31000 | PA      | $22577.30     | 0.04%             | 2031-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMENT INC                                                   | LIVE NATION ENTERTAINMENT INC CONV 2.875% 10/15/2031 144A                                       | CUSIP: 538034BD0<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |    173000 | PA      | $175563.59    | 0.31%             | 2031-10-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| WULF COMPUTE LLC                                                                | WULF COMPUTE LLC 7.75% 10/15/2030 144A                                                          | CUSIP: 982911AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $63400.80     | 0.11%             | 2030-10-15      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| ANTICIMEX GLOBAL AB                                                             | ANTICIMEX TERM B 1LN 11/17/2031                                                                 | CUSIP: 03703HAD8<br>LEI: 54930005SBU6WYFBEB41 | Long             | LON              | CORP              | SE        |     38168 | PA      | $38175.69     | 0.07%             | 2031-11-17      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| TERAWULF INC                                                                    | TERAWULF INC CONV 0% 05/01/2032 144A                                                            | CUSIP: 88080TAE4<br>LEI: 254900CVMW1SX2T78A64 | Long             | DBT              | CORP              | US        |     46000 | PA      | $47514.03     | 0.08%             | 2032-05-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CIPHER COMPUTE LLC                                                              | CIPHER COMPUTE LLC 7.125% 11/15/2030 144A                                                       | CUSIP: 17253NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $20720.58     | 0.04%             | 2030-11-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| GUARDANT HEALTH INC                                                             | GUARDANT HEALTH INC CONV 0% 05/15/2033 144A                                                     | CUSIP: 40131MAE9<br>LEI: 254900M8C3E5VC8BR186 | Long             | DBT              | CORP              | US        |     31000 | PA      | $32917.05     | 0.06%             | 2033-05-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| BWX TECHNOLOGIES INC                                                            | BWX TECHNOLOGIES INC CONV 0% 11/01/2030 144A                                                    | CUSIP: 05605HAD2<br>LEI: 549300NP85N265KWMS58 | Long             | DBT              | CORP              | US        |     62000 | PA      | $64232.00     | 0.11%             | 2030-11-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| VOYAGER TECHNOLOGIES INC                                                        | VOYAGER TECHNOLOGIES INC CONV 0.75% 11/15/2030 144A                                             | CUSIP: 92892BAA1<br>LEI: 254900DDCLSP240FE187 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25850.00     | 0.05%             | 2030-11-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                                       | SUNOCO LP 6.625% 08/15/2032 144A                                                                | CUSIP: 86765KAL3<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101566.70    | 0.18%             | 2032-08-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| COGENT BIOSCIENCES INC                                                          | COGENT BIOSCIENCES INC CONV 1.625% 11/15/2031                                                   | CUSIP: 19240QAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $12240.00     | 0.02%             | 2031-11-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| IONIS PHARMACEUTICALS INC                                                       | IONIS PHARMACEUTICALS INC CONV 0% 12/01/2030 144A                                               | CUSIP: 462222AG5<br>LEI: 549300SI4ZGLG0BLUZ92 | Long             | DBT              | CORP              | US        |     21000 | PA      | $21879.38     | 0.04%             | 2030-12-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| OSI SYSTEMS INC                                                                 | OSI SYSTEMS INC CONV 0.5% 02/01/2031 144A                                                       | CUSIP: 671044AG0<br>LEI: DDX3MPX1Y8YD30050X33 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61230.00     | 0.11%             | 2031-02-01      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| STRIVE INC                                                                      | STRIVE INC 12.5% PERP PFD                                                                       | CUSIP: 862945201<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      1347 | NS      | $134336.31    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| EOS ENERGY ENTERPRISES INC                                                      | EOS ENERGY ENTERPRISES INC CONV 1.75% 12/01/2031 144A                                           | CUSIP: 29415CAC5<br>LEI: 529900UCCJMLRGDXVT41 | Long             | DBT              | CORP              | US        |    130000 | PA      | $76375.00     | 0.14%             | 2031-12-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| CSC SERVICEWORKS EAST LLC                                                       | CSC SERVICEWORKS TERM Initial FL1O 1LN 09/04/2030                                               | CUSIP: 22946QAB9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     28938 | PA      | $29456.73     | 0.05%             | 2030-09-04      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| CSC SERVICEWORKS EAST LLC                                                       | CSC SERVICEWORKS TERM Exchange FLSO TL 1LN 09/04/2030                                           | CUSIP: 22946QAC7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    168673 | PA      | $131986.48    | 0.23%             | 2030-09-04      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                                               | HERC HOLDINGS INC 5.75% 03/15/2031 144A                                                         | CUSIP: 42704LAH7<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98486.70     | 0.17%             | 2031-03-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC                                                                   | COREWEAVE INC CONV 1.75% 12/01/2031 144A                                                        | CUSIP: 21873SAD0<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |     61000 | PA      | $61067.10     | 0.11%             | 2031-12-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                                                  | SABRE GLBL INC 10.75% 03/15/2030 144A                                                           | CUSIP: 78573NAN2<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |      8000 | PA      | $6723.97      | 0.01%             | 2030-03-15      | Fixed         | 0.11%                 | No            |                  2 | On Loan: No      |
| BAUSCH + LOMB CORP                                                              | BAUSCH and LOMB TERM B 1LN 01/15/2031                                                           | CUSIP: N/A<br>LEI: 549300NY6OZM39SO6475       | Long             | LON              | CORP              | CA        |      4975 | PA      | $4981.22      | 0.01%             | 2031-01-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| ZOETIS INC                                                                      | ZOETIS INC CONV 0.25% 06/15/2029 144A                                                           | CUSIP: 98978VAY9<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |    177000 | PA      | $175672.50    | 0.31%             | 2029-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TANGER PROPERTIES LP                                                            | TANGER PROPERTIES LP CONV 2.375% 01/15/2031 144A                                                | CUSIP: 875484AM9<br>LEI: PQPGJDNFN35EXH363L31 | Long             | DBT              | CORP              | US        |     36000 | PA      | $36028.80     | 0.06%             | 2031-01-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| COMPASS INC                                                                     | COMPASS INC CONV 0.25% 04/15/2031 144A                                                          | CUSIP: 20464UAA8<br>LEI: 254900DMGQSTC3I2IM78 | Long             | DBT              | CORP              | US        |     82000 | PA      | $68634.00     | 0.12%             | 2031-04-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| AMYNTA AGENCY BORROWER INC                                                      | AMYNTA TERM B 1LN 12/29/2031                                                                    | CUSIP: 57810JAN8<br>LEI: 5493000GP6HBRVTWBO85 | Long             | LON              | CORP              | US        |    129350 | PA      | $127294.63    | 0.23%             | 2031-12-29      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| ALERA GROUP INTER HLDGS INC                                                     | ALERA TERM B 1LN 05/28/2032                                                                     | CUSIP: 01451PAE6<br>LEI: 2549003D76KZAKICNX26 | Long             | LON              | CORP              | US        |      4975 | PA      | $4818.42      | 0.01%             | 2032-05-28      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BRIDGEBIO PHARMA INC                                                            | BRIDGEBIO PHARMA INC CONV 0.75% 02/01/2033 144A                                                 | CUSIP: 10806XAK8<br>LEI: 54930028YG89VTY2J114 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39628.00     | 0.07%             | 2033-02-01      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| VSE CORP                                                                        | VSE CORP 5.75% PC 02/01/2029                                                                    | CUSIP: 918284209<br>LEI: 549300QWJYQDH4U5XI15 | Long             | EP               | CORP              | US        |       500 | NS      | $24915.00     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| LIBERTY ENERGY INC                                                              | LIBERTY ENERGY INC CONV 0% 03/01/2031 144A                                                      | CUSIP: 53115LAA2<br>LEI: 254900PKFJW6RILDCM60 | Long             | DBT              | CORP              | US        |     55000 | PA      | $60170.00     | 0.11%             | 2031-03-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                                                        | MICROCHIP TECHNOLOGY INC CONV 0% 02/15/2030 144A                                                | CUSIP: 595017BM5<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |     61000 | PA      | $59505.50     | 0.11%             | 2030-02-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ITRON INC                                                                       | ITRON INC CONV 0% 03/15/2032 144A                                                               | CUSIP: 465741AR7<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | DBT              | CORP              | US        |     28000 | PA      | $26544.00     | 0.05%             | 2032-03-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ULTRA CLEAN HLDGS INC                                                           | ULTRA CLEAN HLDGS INC CONV 0% 03/15/2031 144A                                                   | CUSIP: 90385VAA5<br>LEI: 5493007L6LS7QX18PE75 | Long             | DBT              | CORP              | US        |     16000 | PA      | $16928.00     | 0.03%             | 2031-03-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY INC                                                             | CRESCENT ENERGY INC CONV 2.75% 03/15/2031 144A                                                  | CUSIP: 44952JAA2<br>LEI: 254900FBNP5A21Q39U97 | Long             | DBT              | CORP              | US        |     30000 | PA      | $34440.00     | 0.06%             | 2031-03-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CRISPR THERAPEUTICS AG                                                          | CRISPR THERAPEUTICS AG CONV 1.7308% 03/01/2031 144A                                             | CUSIP: 226712AA5<br>LEI: 506700O6IRRIQLT3W370 | Long             | DBT              | CORP              | CH        |     16000 | PA      | $15640.00     | 0.03%             | 2031-03-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO and CO                                                              | WELLS FARGO and CO NEW 6.125%/VAR PERP                                                          | CUSIP: 95002YAE3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    160000 | PA      | $160602.19    | 0.28%             | 2199-12-31      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| INDIVIOR PHARMACEUTICALS INC                                                    | INDIVIOR PHARMACEUTICALS INC CONV 0.625% 03/15/2031 144A                                        | CUSIP: 45579UAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     11000 | PA      | $11192.50     | 0.02%             | 2031-03-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** Heather Bonner

**Signature:** Heather Bonner

**Name of Signer:** Heather Bonner

**Title:** President and Treasurer