# EDGAR Filing Document

**Accession Number:** 0002042316
**File Stem:** 0000940400-25-014063
**Filing Date:** 2025-12
**Character Count:** 99638
**Document Hash:** a2db91d2bc8777c3c88be2a2ce8dbf50
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-014063.hdr.sgml**: 20251219

**ACCESSION NUMBER**: 0000940400-25-014063

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251219

**DATE AS OF CHANGE**: 20251219

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Victory Portfolios IV
- **CENTRAL INDEX KEY:** 0002042316

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-24019
- **FILM NUMBER:** 251588317

**BUSINESS ADDRESS:**
- **STREET 1:** 15935 LA CANTERA PARKWAY
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78256
- **BUSINESS PHONE:** (210) 697-3624

**MAIL ADDRESS:**
- **STREET 1:** 15935 LA CANTERA PARKWAY
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78256

## Series and Classes Contracts Data

### Victory Pioneer High Yield Fund (Series ID: S000089771)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000256542 | Class Y      | TYHYX           |
| C000256543 | Class A      | TAHYX           |
| C000256544 | Class C      | PYICX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Victory Portfolios IV

- **b. Investment Company Act file number:** 811-24019

- **c. CIK number of Registrant:** 0002042316

- **d. LEI of Registrant:** 25490054DPU07WNNLY79

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

  - **Street Address 1:** 15935 LA CANTERA PARKWAY

  - **City:** SAN ANTONIO

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 78256

  - **Telephone number:** 210-697-3624

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

- **a. Name of Series:** Victory Pioneer High Yield Fund

- **b. EDGAR series identifier (if any):** S000089771

- **c. LEI of Series:** 549300KIPK21IOE42X58

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-10-31

**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:** $522401008.68

**Total Liabilities:** $11862418.11

**Net Assets:** $510538590.57

**Delayed Delivery Securities:** $2870000.00

**Cash Not Reported:** $6412501.74

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** -3743.00000000 | **10-Year:** -2064.00000000 | **30-Year:** -2537.00000000

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

- **3-Month:** -587.00000000 | **1-Year:** -4874.00000000 | **5-Year:** -97047.00000000 | **10-Year:** -3528.00000000 | **30-Year:** -1199.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000256542 | 1.29%                | 0.33%                | 0.25%                |
| Class ID C000256543 | 1.28%                | 0.31%                | 0.34%                |
| Class ID C000256544 | 1.19%                | 0.25%                | 0.17%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-398086.18              | $4538797.56                                |
| Month 2  | $1496969.85              | $-1450191.38                               |
| Month 3  | $-5210788.46             | $3039190.28                                |

**Designated Index Information**

- **Index Name:** ICE BofA US High Yield

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                      | Title                                                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |     Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| INTERCONTINENTAL EXCHANGE, INC.           | CDS CDX.NA.HY.45.V1                                                          | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |           1 | NC      | $-5737273.06  | -1.12%            |  |  |  | No            |                  2 | On Loan: No      |
| MILLROSE PROPERTIES INC                   | Millrose Properties Inc                                                      | CUSIP: 601137AB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     2545000 | PA      | $2557165.10   | 0.50%             | 2032-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                     | Venture Global Plaquemines LNG LLC                                           | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |      855000 | PA      | $964793.12    | 0.19%             | 2035-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| OI EUROPEAN GROUP BV                      | OI European Group BV                                                         | CUSIP: 67777LAD5<br>LEI: 72450053F5WRDY8CDZ66 | Long             | DBT              | CORP              | NL        |     3835000 | PA      | $3615012.13   | 0.71%             | 2030-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN TITAN FIN LTD                  | Transocean Titan Financing Ltd                                               | CUSIP: 89386MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |      453333 | PA      | $465854.85    | 0.09%             | 2028-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| KRAKEN OIL & GAS PARTNER                  | Kraken Oil & Gas Partners LLC                                                | CUSIP: 50076PAA6<br>LEI: 549300DR5HSL4YAU3X12 | Long             | DBT              | CORP              | US        |     3108000 | PA      | $3042923.45   | 0.60%             | 2029-08-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                     | Freedom Mortgage Holdings LLC                                                | CUSIP: 35641AAC2<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |      215000 | PA      | $224162.04    | 0.04%             | 2032-04-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| ION PLATFORM FINANCE US                   | ION Platform Finance US Inc                                                  | CUSIP: 46205QAB4<br>LEI: 213800FKHT3BRRKMCC89 | Long             | DBT              | CORP              | US        |      850000 | PA      | $829064.24    | 0.16%             | 2032-09-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                      | Garda World Security Corp                                                    | CUSIP: 36485MAP4<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |     2180000 | PA      | $2218104.22   | 0.43%             | 2032-11-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                      | Cleveland-Cliffs Inc                                                         | CUSIP: 185899AR2<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     1250000 | PA      | $1293225.00   | 0.25%             | 2033-05-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| PAR PHARMACEUTICAL INC                    | PAR PHARMACEUTICAL INC                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     2554000 | PA      | $0.03         | 0.00%             | 2027-04-01      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| 1261229 BC LTD                            | 1261229 BC LTD                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |     2578538 | PA      | $2560810.05   | 0.50%             | 2030-10-08      | Floating      | 10.21%                | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                            | Wynn Macau Ltd                                                               | CUSIP: 98313RAL0<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |     2100000 | PA      | $2116207.80   | 0.41%             | 2034-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LEEWARD RENEWABL                          | Leeward Renewable Energy Operations LLC                                      | CUSIP: 524590AA4<br>LEI: 254900EVJU1A57NUX379 | Long             | DBT              | CORP              | US        |     2906000 | PA      | $2773847.03   | 0.54%             | 2029-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                     | Venture Global Plaquemines LNG LLC                                           | CUSIP: 922966AC0<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     1280000 | PA      | $1340739.84   | 0.26%             | 2034-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AMKOR TECHNOLOGY INC                      | Amkor Technology Inc                                                         | CUSIP: 031652BL3<br>LEI: 529900VHLRTKPWZJBM84 | Long             | DBT              | CORP              | US        |      465000 | PA      | $473035.67    | 0.09%             | 2033-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SHERWOOD FINANCING PLC                    | Sherwood Financing PLC                                                       | CUSIP: 000000000<br>LEI: 259400SSZWSSPNYW7K08 | Long             | DBT              | CORP              | GB        |      960000 | PA      | $1245503.64   | 0.24%             | 2026-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                  | Hilcorp Energy I LP / Hilcorp Finance Co                                     | CUSIP: 431318AZ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     2156000 | PA      | $2046899.50   | 0.40%             | 2032-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                  | Clear Channel Outdoor Holdings Inc                                           | CUSIP: 18453HAH9<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |      685000 | PA      | $716279.84    | 0.14%             | 2033-03-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ENERGEAN PLC                              | Energean PLC                                                                 | CUSIP: 29280EAA7<br>LEI: 549300RVMKU0CYUZBB05 | Long             | DBT              | CORP              | GB        |     2622000 | PA      | $2615445.00   | 0.51%             | 2027-04-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ATLAS LUXCO 4 / ALL UNI                   | Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl | CUSIP: 019579AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     1425000 | PA      | $1394701.94   | 0.27%             | 2028-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                  | First Quantum Minerals Ltd                                                   | CUSIP: 335934AX3<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |      565000 | PA      | $586758.72    | 0.11%             | 2034-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| VZ SECURED FINANCING BV                   | VZ Secured Financing BV                                                      | CUSIP: 91845AAB1<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |     2320000 | PA      | $2364084.48   | 0.46%             | 2033-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                      | Neptune Bidco US Inc                                                         | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |     2865000 | PA      | $2829187.50   | 0.55%             | 2029-04-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: No      |
| STAR LEASING CO LLC                       | Star Leasing Co LLC                                                          | CUSIP: 854938AA5<br>LEI: 549300WXKNX4PT3HSN71 | Long             | DBT              | CORP              | US        |     1090000 | PA      | $1029858.27   | 0.20%             | 2030-02-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| NORDEA BANK ABP                           | Nordea Bank Abp                                                              | CUSIP: 65558RAQ2<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |     2601000 | PA      | $2684580.53   | 0.53%             | N/A             | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| OWENS-BROCKWAY                            | Owens-Brockway Glass Container Inc                                           | CUSIP: 69073TAU7<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |     1460000 | PA      | $1430810.80   | 0.28%             | 2031-05-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SOVCOMBANK (SOVCOM CAPT)                  | Sovcombank Via SovCom Capital DAC                                            | CUSIP: 84605LAB2<br>LEI: 635400EQFFCXMNLYU680 | Long             | DBT              | CORP              | IE        |      750000 | PA      | $0.00         | 0.00%             | N/A             | Fixed         | 7.75%                 | No            |                  3 | On Loan: No      |
| Harambee Re 2018, 12/31/21                | Harambee Re 2018, 12/31/21                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     2400000 | PA      | $8160.00      | 0.00%             | 2025-12-31      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| SEALED AIR CORP                           | Sealed Air Corp                                                              | CUSIP: 81211KBA7<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |     1810000 | PA      | $1797196.06   | 0.35%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                     | Melco Resorts Finance Ltd                                                    | CUSIP: 58547DAJ8<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |      435000 | PA      | $437118.45    | 0.09%             | 2033-09-24      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AVATION PLC WTS 01JAN59                   | AVATION PLC WTS 01JAN59                                                      | CUSIP: 000000000<br>LEI: 213800KA972GUP1B6I78 | N/A              | DE               | CORP              | US        |       63875 | NC      | $33565.03     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Desarrolladora Homex SAB de CV            | Desarrolladora Homex SAB de CV                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |     1443476 | NS      | $77.70        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| SOTERA HEALTH HLDGS LLC                   | Sotera Health Holdings LLC                                                   | CUSIP: 83600WAE9<br>LEI: 549300OVT7MBXFLOFU20 | Long             | DBT              | CORP              | US        |     3300000 | PA      | $3467976.60   | 0.68%             | 2031-06-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CZECHOSLOVAK GROUP                        | Czechoslovak Group AS                                                        | CUSIP: 000000000<br>LEI: 315700SWFD7G70AVG768 | Long             | DBT              | CORP              | CZ        |     2055000 | PA      | $2124057.08   | 0.42%             | 2031-01-10      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GLOBAL AIR LEASE CO LTD                   | Global Aircraft Leasing Co Ltd                                               | CUSIP: 37960JAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     6900000 | PA      | $7103826.00   | 1.39%             | 2027-09-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                   | Starwood Property Trust Inc                                                  | CUSIP: 85571BBG9<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |     1355000 | PA      | $1374121.52   | 0.27%             | 2031-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                    | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC        | CUSIP: 01309QAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     2090000 | PA      | $2099208.92   | 0.41%             | 2034-03-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                            | Gray Media Inc                                                               | CUSIP: 389375AP1<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |     1225000 | PA      | $1199358.91   | 0.23%             | 2033-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ADT SEC CORP                              | ADT Security Corp/The                                                        | CUSIP: 00109LAB9<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |     1825000 | PA      | $1851365.67   | 0.36%             | 2033-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| VZ SECURED FINANCING BV                   | VZ Secured Financing BV                                                      | CUSIP: 91845AAA3<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |     2995000 | PA      | $2721006.65   | 0.53%             | 2032-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                          | Altice France SA                                                             | CUSIP: 02090DAD0<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |     2575984 | PA      | $2466383.93   | 0.48%             | 2032-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MATIV HOLDINGS INC                        | Mativ Holdings Inc                                                           | CUSIP: 808541AC0<br>LEI: 549300Z1FU4IDULG1R21 | Long             | DBT              | CORP              | US        |     2558000 | PA      | $2478798.69   | 0.49%             | 2029-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                      | Cleveland-Cliffs Inc                                                         | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     2347000 | PA      | $2399790.77   | 0.47%             | 2032-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TULLOW OIL PLC                            | Tullow Oil PLC                                                               | CUSIP: 899415AG8<br>LEI: 2138003EYHWO75RKS857 | Long             | DBT              | CORP              | GB        |     2884000 | PA      | $2429770.00   | 0.48%             | 2026-05-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| LC AHAB US BIDCO LLC                      | LC AHAB US BIDCO LLC                                                         | CUSIP: 50180PAB7<br>LEI: 254900949U9K2Q5C5A85 | Long             | LON              | CORP              | US        |     1410750 | PA      | $1414276.87   | 0.28%             | 2031-05-01      | Floating      | 6.96%                 | No            |                  2 | On Loan: No      |
| Emerald Plantation Holdings Lt            | Emerald Plantation Holdings Ltd                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |      459481 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| OWENS & MINOR INC                         | Owens & Minor Inc                                                            | CUSIP: 690732AG7<br>LEI: 549300LMT5KQQXCEZ733 | Long             | DBT              | CORP              | US        |     2625000 | PA      | $1998034.92   | 0.39%             | 2030-04-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| SP CRUISES INTERMEDIATE                   | SP Cruises Intermediate Ltd                                                  | CUSIP: 000000000<br>LEI: 2549001UGAS65A7Y0678 | Long             | DBT              | CORP              | BM        |     1250000 | PA      | $1198435.29   | 0.23%             | 2030-03-14      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                          | UWM Holdings LLC                                                             | CUSIP: 903522AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      900000 | PA      | $898380.90    | 0.18%             | 2031-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Option Care Health Inc                    | Option Care Health Inc                                                       | CUSIP: 68404L201<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | EC               | CORP              | US        |        1068 | NS      | $27800.04     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAY MEDIA INC                            | Gray Media Inc                                                               | CUSIP: 389375AM8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |     2605000 | PA      | $2807223.55   | 0.55%             | 2029-07-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                    | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC        | CUSIP: 01309QAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      780000 | PA      | $786165.25    | 0.15%             | 2031-03-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Amplify Energy Corp                       | Amplify Energy Corp                                                          | CUSIP: 03212B103<br>LEI: J0TW5YQRAZXYN7VEU787 | Long             | EC               | CORP              | US        |          48 | NS      | $217.92       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TASEKO MINES LTD                          | Taseko Mines Ltd                                                             | CUSIP: 876511AG1<br>LEI: 549300XKUO1JSLU7KX54 | Long             | DBT              | CORP              | CA        |     5966000 | PA      | $6307625.09   | 1.24%             | 2030-05-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| CAMELOT RETURN MERGER SU                  | Camelot Return Merger Sub Inc                                                | CUSIP: 13323NAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     3145000 | PA      | $2907289.26   | 0.57%             | 2028-08-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                     | Venture Global Plaquemines LNG LLC                                           | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     2355000 | PA      | $2494206.41   | 0.49%             | 2036-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                          | CSC Holdings LLC                                                             | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |      385000 | PA      | $304134.79    | 0.06%             | 2029-01-31      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                      | Garda World Security Corp                                                    | CUSIP: 36485MAK5<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |      295000 | PA      | $292689.32    | 0.06%             | 2027-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| QNITY ELECTRONICS INC                     | Qnity Electronics Inc                                                        | CUSIP: 74743LAA8<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |      815000 | PA      | $829370.90    | 0.16%             | 2032-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                  | First Quantum Minerals Ltd                                                   | CUSIP: 335934AU9<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |     5151000 | PA      | $5394621.70   | 1.06%             | 2031-06-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| SOVCOMBANK (SOVCOM CAPT)                  | Sovcombank Via SovCom Capital DAC                                            | CUSIP: 84605LAD8<br>LEI: 635400EQFFCXMNLYU680 | Long             | DBT              | CORP              | IE        |     1025000 | PA      | $0.00         | 0.00%             | N/A             | Fixed         | 7.60%                 | No            |                  3 | On Loan: No      |
| SEALED AIR/SEALED AIR US                  | Sealed Air Corp/Sealed Air Corp US                                           | CUSIP: 812127AB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1430000 | PA      | $1501103.89   | 0.29%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ABRA GLOBAL FINANCE                       | ABRA Global Finance                                                          | CUSIP: 000852AC7<br>LEI: 2549007QS3P0D4KT9G26 | Long             | DBT              | CORP              | KY        |     3137502 | PA      | $3073967.45   | 0.60%             | 2029-10-22      | Fixed         | 14.00%                | No            |                  2 | On Loan: No      |
| GENTING NY LLC/GENNY CAP                  | Genting New York LLC / GENNY Capital Inc                                     | CUSIP: 37255JAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     3515000 | PA      | $3639082.35   | 0.71%             | 2029-10-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES/ESCR                  | Windstream Services LLC / Windstream Escrow Finance Corp                     | CUSIP: 97381AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     4880000 | PA      | $4983192.09   | 0.98%             | 2031-10-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                     | Melco Resorts Finance Ltd                                                    | CUSIP: 58547DAH2<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |     4380000 | PA      | $4606805.16   | 0.90%             | 2032-04-17      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| ION PLAT FIN US/SARL                      | ION Platform Finance US Inc / ION Platform Finance SARL                      | CUSIP: 46206AAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      855000 | PA      | $873676.62    | 0.17%             | 2029-05-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| ALTICE FRAN LUX 3/HOLD 1                  | Altice France Lux 3 / Altice Holdings 1                                      | CUSIP: 020956AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |      680400 | PA      | $639263.30    | 0.13%             | 2033-01-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                  | First Quantum Minerals Ltd                                                   | CUSIP: 335934AW5<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |      240000 | PA      | $255067.92    | 0.05%             | 2033-03-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                      | Garda World Security Corp                                                    | CUSIP: 36485MAL3<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |     1232000 | PA      | $1201793.82   | 0.24%             | 2029-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION                     | McGraw-Hill Education Inc                                                    | CUSIP: 57767XAB6<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |     4506000 | PA      | $4541881.28   | 0.89%             | 2029-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                  | Hilcorp Energy I LP / Hilcorp Finance Co                                     | CUSIP: 431318BG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      745000 | PA      | $717643.08    | 0.14%             | 2035-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                    | Spirit AeroSystems Inc                                                       | CUSIP: 85205TAR1<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |     1500000 | PA      | $1648003.50   | 0.32%             | 2030-11-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                   | Starwood Property Trust Inc                                                  | CUSIP: 85571BBF1<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |      965000 | PA      | $968496.20    | 0.19%             | 2028-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                      | Fiesta Purchaser Inc                                                         | CUSIP: 31659AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1620000 | PA      | $1743231.05   | 0.34%             | 2032-09-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| SPECTRUM BRANDS INC                       | Spectrum Brands Inc                                                          | CUSIP: 84762LAX3<br>LEI: 549300VU3EH2E73C1Q04 | Long             | DBT              | CORP              | US        |     4767000 | PA      | $3855311.25   | 0.76%             | 2031-03-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| WILDFIRE INTERMEDIATE HO                  | Wildfire Intermediate Holdings LLC                                           | CUSIP: 96812HAA6<br>LEI: 5493003RHEMQJZEXIR02 | Long             | DBT              | CORP              | US        |     4767000 | PA      | $4757265.31   | 0.93%             | 2029-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP                       | NOVA Chemicals Corp                                                          | CUSIP: 66977WAS8<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | CORP              | CA        |     3244000 | PA      | $3157060.80   | 0.62%             | 2029-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                           | Sealed Air Corp                                                              | CUSIP: 812127AC2<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |      945000 | PA      | $977886.00    | 0.19%             | 2032-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| QNITY ELECTRONICS INC                     | Qnity Electronics Inc                                                        | CUSIP: 74743LAB6<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |      825000 | PA      | $847241.18    | 0.17%             | 2033-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                  | Clear Channel Outdoor Holdings Inc                                           | CUSIP: 18453HAD8<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     3994000 | PA      | $3919103.71   | 0.77%             | 2029-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Global Mortgage Securitization            | Global Mortgage Securitization Ltd                                           | CUSIP: 378961AF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |      135993 | PA      | $53444.39     | 0.01%             | 2032-11-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LyondellBasell Industries NV              | LyondellBasell Industries NV                                                 | CUSIP: 000000000<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Long             | EC               | CORP              | US        |         148 | NS      | $6870.16      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Unifin Financiera SAB de CV               | Unifin Financiera SAB de CV                                                  | CUSIP: 000000000<br>LEI: 5493007GRMPGDJG93Z17 | Long             | EC               | CORP              | MX        |      138656 | NS      | $8955.90      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CHAMPIONS FINANCING INC                   | Champions Financing Inc                                                      | CUSIP: 15870LAA6<br>LEI: 391200ZDD75EGEUJ7625 | Long             | DBT              | CORP              | US        |     5289000 | PA      | $5127036.54   | 1.00%             | 2029-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                      | Cleveland-Cliffs Inc                                                         | CUSIP: 18589GAA3<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     1000000 | PA      | $1039661.84   | 0.20%             | 2034-01-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                         | Herc Holdings Inc                                                            | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |      800000 | PA      | $843442.40    | 0.17%             | 2033-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                             | Carnival Corp                                                                | CUSIP: 143658BR2<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     3665000 | PA      | $3719975.00   | 0.73%             | 2029-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CONNECT FINCO SARL/CONNE                  | Connect Finco SARL / Connect US Finco LLC                                    | CUSIP: 20752TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     2728000 | PA      | $2888717.39   | 0.57%             | 2029-09-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                            | Rocket Cos Inc                                                               | CUSIP: 77311WAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     2450000 | PA      | $2572276.61   | 0.50%             | 2032-02-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| AMAZON HOLDCO INC                         | AMAZON HOLDCO INC                                                            | CUSIP: 02351XAB4<br>LEI: 2549009FJIBLW40CU216 | Long             | LON              | CORP              | US        |      263096 | PA      | $261067.89    | 0.05%             | 2031-09-29      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN                  | USA Compression Partners LP / USA Compression Finance Corp                   | CUSIP: 91740PAG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     3953000 | PA      | $4082816.52   | 0.80%             | 2029-03-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ALTICE LUXEMBOURG 0 SNR PERP EUR1 '144A'  | ALTICE LUXEMBOURG 0 SNR PERP EUR1 '144A'                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | LU        |        2845 | NS      | $44680.32     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GRUPO AEROMEXICO SAB                      | Grupo Aeromexico SAB de CV                                                   | CUSIP: 40054JAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |     2525000 | PA      | $2532087.55   | 0.50%             | 2031-11-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| MACY'S RETAIL HLDGS LLC                   | Macy's Retail Holdings LLC                                                   | CUSIP: 55617LAS1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     2620000 | PA      | $2760856.44   | 0.54%             | 2033-08-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| 1261229 BC LTD                            | 1261229 BC Ltd                                                               | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     3296000 | PA      | $3445340.21   | 0.67%             | 2032-04-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| PRIME HEALTHCARE SERVICE                  | Prime Healthcare Services Inc                                                | CUSIP: 74165HAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     5350000 | PA      | $5628414.00   | 1.10%             | 2029-09-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL                          | Allied Universal Holdco LLC / Allied Universal Finance Corp                  | CUSIP: 019576AC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      590000 | PA      | $576793.85    | 0.11%             | 2029-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                      | Fiesta Purchaser Inc                                                         | CUSIP: 31659AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      530000 | PA      | $559401.22    | 0.11%             | 2031-03-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                               | BNP Paribas SA                                                               | CUSIP: 05602XQQ4<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |     3533000 | PA      | $3673534.05   | 0.72%             | N/A             | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                    | CCO Holdings LLC / CCO Holdings Capital Corp                                 | CUSIP: 1248EPBX0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     2290000 | PA      | $2267016.42   | 0.44%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MOHEGAN TRIBAL / MS DIG                   | Mohegan Tribal Gaming Authority / MS Digital Entertainment Holdings LLC      | CUSIP: 60832QAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1427000 | PA      | $1488974.61   | 0.29%             | 2031-04-15      | Fixed         | 11.88%                | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                          | CSC Holdings LLC                                                             | CUSIP: 126307AS6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |      895000 | PA      | $742198.75    | 0.15%             | 2028-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC                      | Alpha Generation LLC                                                         | CUSIP: 02073LAC5<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |     2980000 | PA      | $3014631.00   | 0.59%             | 2034-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Viribus Re 2019, 12/31/22                 | Viribus Re 2019, 12/31/22                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      233537 | PA      | $0.00         | 0.00%             | 2025-12-31      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| METHANEX US OPERATIONS                    | Methanex US Operations Inc                                                   | CUSIP: 59151LAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     4308000 | PA      | $4382425.01   | 0.86%             | 2032-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Harambee Re 2019, 12/31/22                | Harambee Re 2019, 12/31/22                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     1668837 | PA      | $0.00         | 0.00%             | 2025-12-31      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| TRANSOCEAN INTERNTNL LTD                  | Transocean International Ltd                                                 | CUSIP: 893830BZ1<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |     1110000 | PA      | $1102023.87   | 0.22%             | 2031-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| US ACUTE CARE SOLUTIONS                   | US Acute Care Solutions LLC                                                  | CUSIP: 90367UAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     6272000 | PA      | $6386840.32   | 1.25%             | 2029-05-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| GOAT HOLDCO LLC                           | Goat Holdco LLC                                                              | CUSIP: 38021MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     2489000 | PA      | $2541674.26   | 0.50%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association | USD/EUR FORWARD                                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-16903.32    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| KENNEDY-WILSON INC                        | Kennedy-Wilson Inc                                                           | CUSIP: 489399AN5<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |     3643000 | PA      | $3364600.08   | 0.66%             | 2030-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DSLA Mortgage Loan Trust                  | DSLA Mortgage Loan Trust 2005-AR6                                            | CUSIP: 23332UFX7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      144679 | PA      | $155906.02    | 0.03%             | 2045-10-19      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| CLEARWATER PAPER CORP                     | Clearwater Paper Corp                                                        | CUSIP: 18538RAJ2<br>LEI: 549300HCVV19GXN4P292 | Long             | DBT              | CORP              | US        |     5009000 | PA      | $4700195.15   | 0.92%             | 2028-08-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| LFS TOPCO LLC                             | LFS Topco LLC                                                                | CUSIP: 50203TAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     4830000 | PA      | $4727993.78   | 0.93%             | 2030-07-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                  | Celanese US Holdings LLC                                                     | CUSIP: 15089QAY0<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |     3392000 | PA      | $3477966.85   | 0.68%             | 2033-11-15      | Variable      | 7.20%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                           | CVS Health Corp                                                              | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     1650000 | PA      | $1733623.65   | 0.34%             | 2055-03-10      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MACY'S RETAIL HLDGS LLC                   | Macy's Retail Holdings LLC                                                   | CUSIP: 55617LAR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     3126000 | PA      | $3141104.83   | 0.62%             | 2032-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                        | Ford Motor Co                                                                | CUSIP: 345370DB3<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |     2255000 | PA      | $2315648.47   | 0.45%             | 2032-08-19      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| DANAOS CORP                               | Danaos Corp                                                                  | CUSIP: 23585WAC8<br>LEI: 734IM3DNDNT36T7YTD24 | Long             | DBT              | CORP              | MH        |     2160000 | PA      | $2124076.98   | 0.42%             | 2032-10-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| MOHEGAN TRIBAL / MS DIG                   | Mohegan Tribal Gaming Authority / MS Digital Entertainment Holdings LLC      | CUSIP: 60832QAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     2573000 | PA      | $2671117.26   | 0.52%             | 2030-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC                             | CoreWeave Inc                                                                | CUSIP: 21873SAC2<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |     2460000 | PA      | $2467195.50   | 0.48%             | 2031-02-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| PT Bakrie & Brothers TBK                  | PT Bakrie & Brothers TBK                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | ID        | 11178198000 | PA      | $53773.65     | 0.01%             | 2025-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INTERNTNL LTD                  | Transocean International Ltd                                                 | CUSIP: 893830BY4<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |     1110000 | PA      | $1116497.94   | 0.22%             | 2029-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                              | Novelis Corp                                                                 | CUSIP: 670001AN6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |     3145000 | PA      | $3186435.38   | 0.62%             | 2033-08-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO                   | Allied Universal Holdco LLC                                                  | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |     3406000 | PA      | $3546381.12   | 0.69%             | 2031-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Viribus Re 2018, 12/31/21                 | Viribus Re 2018, 12/31/21                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      550000 | PA      | $0.00         | 0.00%             | 2025-12-31      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| PROVIDENT FDG/PFG FIN                     | Provident Funding Associates LP / PFG Finance Corp                           | CUSIP: 74387UAK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     4315000 | PA      | $4547095.22   | 0.89%             | 2029-09-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS                  | LCM Investments Holdings II LLC                                              | CUSIP: 50190EAA2<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |     3775000 | PA      | $3674909.27   | 0.72%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Dreyfus Government Cash Management        | Dreyfus Government Cash Management                                           | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |    18656759 | NS      | $18656759.34  | 3.65%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSOCEAN INTERNTNL LTD                  | Transocean International Ltd                                                 | CUSIP: 893830BX6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |     1282500 | PA      | $1345764.44   | 0.26%             | 2030-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Grupo Aeromexico SAB de CV                | Grupo Aeromexico SAB de CV                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |     1266410 | NS      | $2158592.22   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                         | Herc Holdings Inc                                                            | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |      530000 | PA      | $554739.87    | 0.11%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                     | Freedom Mortgage Holdings LLC                                                | CUSIP: 35641AAA6<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |     1390000 | PA      | $1459500.00   | 0.29%             | 2029-02-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| TRICIDA INC                               | TRICIDA INC                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     2645000 | PA      | $0.03         | 0.00%             | 2027-05-15      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                    | Spirit AeroSystems Inc                                                       | CUSIP: 85205TAN0<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |     1100000 | PA      | $1155191.44   | 0.23%             | 2029-11-30      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                       | Travel + Leisure Co                                                          | CUSIP: 98310WAS7<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |     2556000 | PA      | $2575231.34   | 0.50%             | 2026-07-31      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INTERNTNL LTD                  | Transocean International Ltd                                                 | CUSIP: 893830AT6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |     1735000 | PA      | $1520915.57   | 0.30%             | 2038-03-15      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| SCIL IV LLC / SCIL USA H                  | SCIL IV LLC / SCIL USA Holdings LLC                                          | CUSIP: 78397UAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     3860000 | PA      | $3853253.22   | 0.75%             | 2026-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| IAMGOLD CORP                              | IAMGOLD Corp                                                                 | CUSIP: 450913AF5<br>LEI: 254900E7II30XAB9LA72 | Long             | DBT              | CORP              | CA        |     3164000 | PA      | $3152153.35   | 0.62%             | 2028-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC                      | ALPHA GENERATION LLC                                                         | CUSIP: 02072UAC6<br>LEI: 254900K5V62L4YGVKF49 | Long             | LON              | CORP              | US        |     1118700 | PA      | $1121077.24   | 0.22%             | 2031-09-30      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| CRUISE YACHT UPPER HOLDC                  | Cruise Yacht Upper HoldCo Ltd                                                | CUSIP: 000000000<br>LEI: 984500DE088QEE80G074 | Long             | DBT              | CORP              | MT        |     2200000 | PA      | $1966330.67   | 0.39%             | 2028-07-05      | Fixed         | 11.88%                | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                     | GFL Environmental Inc                                                        | CUSIP: 36168QAP9<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |     4056000 | PA      | $3966719.73   | 0.78%             | 2029-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INTERNTNL LTD                  | Transocean International Ltd                                                 | CUSIP: 893814AA1<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |      495000 | PA      | $509775.35    | 0.10%             | 2032-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| BRINKER INTERNATIONAL IN                  | Brinker International Inc                                                    | CUSIP: 109641AK6<br>LEI: 52990067JY6PBGJNTG76 | Long             | DBT              | CORP              | US        |     2645000 | PA      | $2801729.48   | 0.55%             | 2030-07-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| NCR VOYIX CORP                            | NCR Voyix Corp                                                               | CUSIP: 62886EAY4<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |     2587000 | PA      | $2561903.00   | 0.50%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELEK LOG PART/FINANCE                    | Delek Logistics Partners LP / Delek Logistics Finance Corp                   | CUSIP: 24665FAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1215000 | PA      | $1220970.51   | 0.24%             | 2028-06-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                       | Sirius XM Radio LLC                                                          | CUSIP: 82967NBL1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |     3972000 | PA      | $3939636.94   | 0.77%             | 2026-09-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| AES CORP/THE                              | AES Corp/The                                                                 | CUSIP: 00130HCL7<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |     1800000 | PA      | $1741479.84   | 0.34%             | 2055-07-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| SCIL IV LLC / SCIL USA H                  | SCIL IV LLC / SCIL USA Holdings LLC                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1855000 | PA      | $2237897.01   | 0.44%             | 2028-07-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| MILLROSE PROPERTIES INC                   | Millrose Properties Inc                                                      | CUSIP: 601137AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1490000 | PA      | $1509430.51   | 0.30%             | 2030-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                  | Organon & Co / Organon Foreign Debt Co-Issuer BV                             | CUSIP: 68622TAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     3726000 | PA      | $2856116.08   | 0.56%             | 2031-04-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association | EUR/USD FORWARD                                                              | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $265808.24    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| ATENTO LUXCO 1 SA                         | ATENTO LUXCO 1 SA                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | LU        |     1617862 | NS      | $1213396.50   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| AKBANK TAS                                | Akbank TAS                                                                   | CUSIP: 00971YAG5<br>LEI: 789000TUMN63Z28TJ497 | Long             | DBT              | CORP              | TR        |      120000 | PA      | $120472.72    | 0.02%             | 2026-02-06      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| ALLIANCE RES OP/FINANCE                   | Alliance Resource Operating Partners LP / Alliance Resource Finance Corp     | CUSIP: 01879NAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     4699000 | PA      | $4972947.00   | 0.97%             | 2029-06-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                        | Ally Financial Inc                                                           | CUSIP: 02005NBV1<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |     2900000 | PA      | $3002076.58   | 0.59%             | 2035-07-26      | Fixed         | 6.18%                 | No            |                  2 | On Loan: No      |
| MIDAS OPCO HOLDINGS LLC                   | Stagwell Global LLC                                                          | CUSIP: 59565JAA9<br>LEI: 984500904E015Z0C1F82 | Long             | DBT              | CORP              | US        |     2691000 | PA      | $2563950.06   | 0.50%             | 2029-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                        | Voyager Parent LLC                                                           | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |     5795000 | PA      | $6075379.49   | 1.19%             | 2032-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| RIVER ROCK ENTERTAINMENT                  | RIVER ROCK ENTERTAINMENT AUTHORITY                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     4435000 | PA      | $4324125.00   | 0.85%             | 2031-06-25      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                     | Freedom Mortgage Holdings LLC                                                | CUSIP: 35641AAB4<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |     1040000 | PA      | $1105547.04   | 0.22%             | 2031-05-15      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP                       | NOVA Chemicals Corp                                                          | CUSIP: 66977WAV1<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | CORP              | CA        |     1195000 | PA      | $1267620.15   | 0.25%             | 2031-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                    | CCO Holdings LLC / CCO Holdings Capital Corp                                 | CUSIP: 1248EPCL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     3103000 | PA      | $2690288.90   | 0.53%             | 2033-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                   | USD/GBP FORWARD                                                              | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |           1 | NC      | $32011.16     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                          | GGAM Finance Ltd                                                             | CUSIP: 36170JAA4<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |     3280000 | PA      | $3478895.92   | 0.68%             | 2028-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| VELOCITY VEHICLE GROUP                    | Velocity Vehicle Group LLC                                                   | CUSIP: 92262TAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     5166000 | PA      | $5079453.49   | 0.99%             | 2029-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GAP INC/THE                               | Gap Inc/The                                                                  | CUSIP: 364760AP3<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |     2735000 | PA      | $2573187.55   | 0.50%             | 2029-10-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                            | NRG Energy Inc                                                               | CUSIP: 629377DC3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     2920000 | PA      | $2940587.34   | 0.58%             | 2034-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                  | Vistra Operations Co LLC                                                     | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     2755000 | PA      | $2923699.67   | 0.57%             | 2031-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC                   | Talen Energy Supply LLC                                                      | CUSIP: 87422VAM0<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |     1670000 | PA      | $1712500.30   | 0.34%             | 2034-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| AMERITEX HOLDCO INTERMED                  | AmeriTex HoldCo Intermediate LLC                                             | CUSIP: 030727AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     2050000 | PA      | $2144457.11   | 0.42%             | 2033-08-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE HLDG                        | ALTICE FRANCE HLDG                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | LU        |       45018 | NS      | $755258.92    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITI GRP/UNITI HLD/CSL                   | Uniti Group LP / Uniti Fiber Holdings Inc / CSL Capital LLC                  | CUSIP: 91327AAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     3061000 | PA      | $2744180.59   | 0.54%             | 2030-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| EFESTO BIDCO SPA/US LLC                   | Efesto Bidco SpA Efesto US LLC                                               | CUSIP: 28201XAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | IT        |     4030000 | PA      | $4023693.05   | 0.79%             | 2032-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                  | EUR/USD FORWARD                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-51156.14    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| TTM TECHNOLOGIES INC                      | TTM Technologies Inc                                                         | CUSIP: 87305RAK5<br>LEI: 549300SC4BDOIS008048 | Long             | DBT              | CORP              | US        |     1010000 | PA      | $975388.41    | 0.19%             | 2029-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CREDITO REAL SAB DE CV SOFOM ER           | CREDITO REAL SAB DE CV SOFOM ER                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |      700000 | PA      | $70.00        | 0.00%             | 2028-01-21      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| DANAOS CORP                               | Danaos Corp                                                                  | CUSIP: 23585WAA2<br>LEI: 734IM3DNDNT36T7YTD24 | Long             | DBT              | CORP              | MH        |     2009000 | PA      | $2023734.01   | 0.40%             | 2028-03-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| GAP INC/THE                               | Gap Inc/The                                                                  | CUSIP: 364760AQ1<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |     1375000 | PA      | $1252259.11   | 0.25%             | 2031-10-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                   | Avis Budget Car Rental LLC / Avis Budget Finance Inc                         | CUSIP: 053773BK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1950000 | PA      | $1997578.05   | 0.39%             | 2032-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                            | NRG Energy Inc                                                               | CUSIP: 629377DD1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     3505000 | PA      | $3565330.72   | 0.70%             | 2036-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                          | GGAM Finance Ltd                                                             | CUSIP: 36170JAB2<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |      495000 | PA      | $495854.36    | 0.10%             | 2026-05-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC                   | Talen Energy Supply LLC                                                      | CUSIP: 87422VAN8<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |     1670000 | PA      | $1729624.43   | 0.34%             | 2036-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                     | Level 3 Financing Inc                                                        | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     3098782 | PA      | $3174042.12   | 0.62%             | 2033-06-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CQP HOLDCO LP/BIP-V CHIN                  | CQP Holdco LP / BIP-V Chinook Holdco LLC                                     | CUSIP: 12657NAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     4315000 | PA      | $4668635.83   | 0.91%             | 2033-12-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| DELEK LOG PART/FINANCE                    | Delek Logistics Partners LP / Delek Logistics Finance Corp                   | CUSIP: 24665FAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     2314000 | PA      | $2415186.59   | 0.47%             | 2029-03-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| SUMMIT MIDSTREAM HOLDING                  | Summit Midstream Holdings LLC                                                | CUSIP: 86614JAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     3675000 | PA      | $3738470.93   | 0.73%             | 2029-10-31      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| LONG RIDGE ENERGY LLC                     | Long Ridge Energy LLC                                                        | CUSIP: 54288CAA1<br>LEI: 984500764EC9AZ2FC764 | Long             | DBT              | CORP              | US        |     3630000 | PA      | $3753285.69   | 0.74%             | 2032-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                      | OneMain Finance Corp                                                         | CUSIP: 682691AL4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |      695000 | PA      | $703173.20    | 0.14%             | 2030-05-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                      | Garda World Security Corp                                                    | CUSIP: 36485MAM1<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |     1880000 | PA      | $1923726.92   | 0.38%             | 2028-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| DENTSPLY SIRONA INC                       | DENTSPLY SIRONA Inc                                                          | CUSIP: 24906PAB5<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | DBT              | CORP              | US        |     3816000 | PA      | $3929435.56   | 0.77%             | 2055-09-12      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                      | Cleveland-Cliffs Inc                                                         | CUSIP: 185899AS0<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |      430000 | PA      | $450136.47    | 0.09%             | 2031-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MAXAM PRILL SARL                          | Maxam Prill Sarl                                                             | CUSIP: 57779MAA8<br>LEI: 984500C4C5B820A6B691 | Long             | DBT              | CORP              | LU        |     5151000 | PA      | $5260664.79   | 1.03%             | 2030-07-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| KOSMOS ENERGY LTD                         | Kosmos Energy Ltd                                                            | CUSIP: 500688AF3<br>LEI: 213800YDFJ3OT9B5P157 | Long             | DBT              | CORP              | US        |     1657000 | PA      | $1557580.00   | 0.31%             | 2027-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                  | Olympus Water US Holding Corp                                                | CUSIP: 681639AE0<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |     5465000 | PA      | $5439693.50   | 1.07%             | 2033-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                  | Ford Motor Credit Co LLC                                                     | CUSIP: 345397A86<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |     3955000 | PA      | $3905331.80   | 0.76%             | 2027-08-17      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ATENTO LUXCO 1 SA                         | Atento Luxco 1 SA                                                            | CUSIP: 000000000<br>LEI: 549300MLFF3HYCZQTC48 | Long             | DBT              | CORP              | LU        |      627393 | PA      | $156848.21    | 0.03%             | 2029-11-30      | Fixed         | 20.00%                | No            |                  3 | On Loan: No      |
| LIGHTNING POWER LLC                       | Lightning Power LLC                                                          | CUSIP: 53229KAA7<br>LEI: 254900BWCHJ03XRL8K59 | Long             | DBT              | CORP              | US        |     1905000 | PA      | $2017886.49   | 0.40%             | 2032-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SHERWOOD FI 4.5% 11/15/26/EUR/            | SHERWOOD FI 4.5% 11/15/26/EUR/                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |      360000 | PA      | $413932.90    | 0.08%             | 2026-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ION PLAT FIN US/SARL                      | ION Platform Finance US Inc / ION Platform Finance SARL                      | CUSIP: 46206AAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     5030000 | PA      | $5092016.18   | 1.00%             | 2029-08-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                  | Hilcorp Energy I LP / Hilcorp Finance Co                                     | CUSIP: 431318AY0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1155000 | PA      | $1126309.22   | 0.22%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UNIFIN FINANCIERA SA DE                   | UNIFIN FINANCIERA SAB DE CV                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |     1066000 | PA      | $0.01         | 0.00%             | 2028-01-27      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| ZF NA CAPITAL                             | ZF North America Capital Inc                                                 | CUSIP: 98877DAH8<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |     3154000 | PA      | $3032856.03   | 0.59%             | 2031-03-24      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| TRINITY INDUSTRIES INC                    | Trinity Industries Inc                                                       | CUSIP: 896522AJ8<br>LEI: R1JB4KXN77XFCXOQKV49 | Long             | DBT              | CORP              | US        |     5645000 | PA      | $5851008.63   | 1.15%             | 2028-07-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BORR IHC LTD / BORR FIN                   | Borr IHC Ltd / Borr Finance LLC                                              | CUSIP: 100018AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     1543762 | PA      | $1536507.93   | 0.30%             | 2030-11-15      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                        | Energy Transfer LP                                                           | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     2927000 | PA      | $3011386.20   | 0.59%             | N/A             | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP                     | Freedom Mortgage Corp                                                        | CUSIP: 35640YAJ6<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |      250000 | PA      | $250561.25    | 0.05%             | 2027-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                          | CSC Holdings LLC                                                             | CUSIP: 126307BH9<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |     3154000 | PA      | $1931992.76   | 0.38%             | 2031-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CARRIAGE PURCHASER INC                    | Carriage Purchaser Inc                                                       | CUSIP: 14445LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     4376000 | PA      | $4079598.64   | 0.80%             | 2029-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                      | OneMain Finance Corp                                                         | CUSIP: 682691AM2<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     3015000 | PA      | $3008928.03   | 0.59%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BORR IHC LTD / BORR FIN                   | Borr IHC Ltd / Borr Finance LLC                                              | CUSIP: 100018AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     1108354 | PA      | $1108429.96   | 0.22%             | 2028-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| AECOM                                     | AECOM                                                                        | CUSIP: 00766TAE0<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | DBT              | CORP              | US        |     4410000 | PA      | $4525806.60   | 0.89%             | 2033-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP                     | Freedom Mortgage Corp                                                        | CUSIP: 35640YAL1<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |     3363000 | PA      | $3743577.26   | 0.73%             | 2030-10-01      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| ENERFLEX LTD                              | Enerflex Ltd                                                                 | CUSIP: 29269RAA3<br>LEI: 54930014N7872VUS3F89 | Long             | DBT              | CORP              | CA        |     2515000 | PA      | $2566622.89   | 0.50%             | 2027-10-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                   | GLP Capital LP / GLP Financing II Inc                                        | CUSIP: 361841AS8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      115000 | PA      | $124421.49    | 0.02%             | 2033-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WYNDHAM HOTELS & RESORTS                  | Wyndham Hotels & Resorts Inc                                                 | CUSIP: 98311AAB1<br>LEI: 549300FE3MQ4RVXXC673 | Long             | DBT              | CORP              | US        |     2601000 | PA      | $2556547.64   | 0.50%             | 2028-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL                   | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC              | CUSIP: 91327TAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1430000 | PA      | $1339228.46   | 0.26%             | 2032-06-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| TRICIDA INC                               | TRICIDA INC                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     2645000 | PA      | $0.03         | 0.00%             | 2027-05-15      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| KBR INC                                   | KBR Inc                                                                      | CUSIP: 48242WAC0<br>LEI: 254900OFQDXZRKRCV808 | Long             | DBT              | CORP              | US        |     3085000 | PA      | $3032894.35   | 0.59%             | 2028-09-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                     | Venture Global Plaquemines LNG LLC                                           | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     1140000 | PA      | $1253656.86   | 0.25%             | 2033-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ONESKY FLIGHT LLC                         | OneSky Flight LLC                                                            | CUSIP: 68278CAA3<br>LEI: 549300PM6NEPXGG5B882 | Long             | DBT              | CORP              | US        |     2885000 | PA      | $3061472.57   | 0.60%             | 2029-12-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| SOUTH BOW CAN INFRA HOLD                  | South Bow Canadian Infrastructure Holdings Ltd                               | CUSIP: 836720AJ1<br>LEI: 2549004FYUSYLPBT1G26 | Long             | DBT              | CORP              | CA        |      905000 | PA      | $968133.71    | 0.19%             | 2055-03-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                     | PennyMac Financial Services Inc                                              | CUSIP: 70932MAH0<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |     1195000 | PA      | $1224857.08   | 0.24%             | 2034-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                | DaVita Inc                                                                   | CUSIP: 23918KAY4<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |     2725000 | PA      | $2825380.83   | 0.55%             | 2033-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PETSMART LLC/PETSMART FI                  | PetSmart LLC / PetSmart Finance Corp                                         | CUSIP: 71677KAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     3600000 | PA      | $3590820.00   | 0.70%             | 2032-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Atento Luxco 1 SA                         | Atento Luxco 1 SA                                                            | CUSIP: 000000000<br>LEI: 549300MLFF3HYCZQTC48 | Long             | EC               | CORP              | LU        |   190086798 | NS      | $19.01        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| LIFEPOINT HEALTH INC                      | LifePoint Health Inc                                                         | CUSIP: 53219LAU3<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |     2704000 | PA      | $2616546.96   | 0.51%             | 2029-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ADAPTHEALTH LLC                           | AdaptHealth LLC                                                              | CUSIP: 00653VAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     5570000 | PA      | $5328511.54   | 1.04%             | 2030-03-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ENDO FINANCE HOLDINGS                     | ENDO FINANCE HOLDINGS                                                        | CUSIP: 29280UAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      648450 | PA      | $645531.98    | 0.13%             | 2031-04-23      | Floating      | 7.96%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-19

**Name of Applicant:** Victory Portfolios IV

**Signature:** Carol Trevino

**Name of Signer:** Carol Trevino

**Title:** Treasurer